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Archive: April 25, 2025

FTCCI and Telangana Industry Bodies Condemn Pahalgam Terror Attack, Stand in Solidarity with Victims and Support Government’s Action

Hyderabad, April 25, 2025 – The Federation of Telangana Chambers of Commerce and Industry (FTCCI), a 108-year-old trade, industry, and commerce body based in Hyderabad, along with several other trade and industrial organisations across Telangana, strongly condemned the recent barbaric Pahalgam terrorist attack that targeted innocent tourists. The Federation expressed deep solidarity with the victims, their families, and committed unwavering support to the Union Government in its resolve to punish the perpetrators of this heinous act.

These Telangana-based industry bodies are among the first in the country to issue a collective and firm condemnation of the Pahalgam terror attack.

A solemn two-minute silence was observed at the outset of the press conference to honour the lives lost in the attack, held at Federation House in Red Hills, Hyderabad.

FTCCI President Dr. Suresh Kumar Singhal stated, “This barbaric attack is an assault not just on innocent lives but on our nation’s progress. It attempts to disrupt India’s growing economy, particularly as we move towards a $5 trillion economy. We stand firmly with the Government of India and our Prime Minister in whatever actions are deemed necessary to bring the culprits to justice.”

K Sudhir Reddy, President of the Telangana Industrial Federation (TIF), emphasised that the attack seemed to have been orchestrated to obstruct India’s economic growth and undermine the ongoing peace process in Jammu & Kashmir. “This is an attempt to create fear and instability, but we will not be deterred,” he remarked.

KK Maheshwari, Vice President of FTCCI, and a representative of the capital market, highlighted that the National Stock Exchange (NSE) had pledged Rs 1 crore each to the families of victims, a gesture that he lauded for showing solidarity in times of tragedy.

 

Anil Agarwal, representing the Steel Industry Association and former FTCCI President, expressed that the attack targeted not just a few individuals but the very fabric of humanity and India’s economy. He stated, “We cannot allow such terror to derail our growth and our future.”

Shekhar Agarwal, Past President of FTCCI, expressed concern for the tourism-dependent economy of Jammu & Kashmir, stating, “Tourism is the lifeblood of Kashmir, and the government must ensure its protection. We must foster harmony and coexistence in the region.”

Mohd Irshad Ahmed, Chair of FTCCI’s GST and Customs Committee, made an impassioned statement: “I condemn this heinous act in the strongest terms. The loss of a newlywed couple on their honeymoon is heartbreaking. Terrorism has no religion, no boundaries—it is fueled by jealousy of India’s peaceful growth. Despite global tensions and trade conflicts, our Prime Minister has skillfully guided the economy forward. Such attacks are attempts to destabilise progress. We must act decisively to protect our industries, because peace is essential for prosperity.”

P. Krishna, Past President of Jeedimetla Industries Association, noted that this attack marked a worrying shift in the nature of terrorism. “Attacks on tourists are unprecedented. We must not allow such fear to take hold in our country,” he said.

Manoj Kumar Agrawal, representative of  CREDAI Hyderabad, pointed out that nations like Dubai and Singapore have successfully prevented terrorism through stringent laws. We need a stringent law like the Protection of Children from Sexual Offences (POSCO) Act, a key piece of legislation aimed at safeguarding children from sexual abuse and related offences. Ever since this law was enforced, the crime against children has come down. He suggested measures such as sealing borders, banning visas, and fast-tracking terrorism-related cases not only to combat the growing threat but also to see that such acts are not repeated.

Gopal Rao, President of Cherlapally Industrial Association, and Narayan Reddy, President of the Fibreglass Industry Association, both echoed the collective sentiment of all speakers, urging state and central governments to work together in eradicating terrorism from India.

Ajay Agarwal, a veteran banker and Chairman of FTCCI’s PR Committee, condemned the attack on innocent tourists and called for a strong response from the government to ensure that such acts of terror do not succeed in dividing the nation.

R. Ravi Kumar, Senior Vice President of FTCCI, representing industries in defence, aerospace, automotive, and electronics, emphasised that terrorism is a global issue, and the world must unite in condemning and addressing it. “We must put an end to terrorism once and for all, for the sake of not just Kashmir but the entire world,” he added.

“Terrorism is a global menace. The world must unite to end it—for the sake of Kashmir, and humanity,” he added.

Ms. Sujatha, Deputy CEO of FTCCI, facilitated the press conference, which was a resounding declaration of unity and determination to protect the core values upon which India’s future rests.

Kinley Soda Strengthens Coca-Cola’s Consumer-Centric Growth Strategy

Kinley Soda Crosses ₹1,500 Crore in India, Strengthening Coca-Cola’s Consumer-Centric Growth Strategy

Bengaluru, 25th April 2025: Kinley Soda, a leading brand from Coca-Cola has crossed the ₹1,500 crore revenue mark, driven by consistency, quality, and consumer trust. Built on a sharp, demand-led portfolio, this milestone highlights the company’s strategy of making a wide range of beverages accessible to consumers.

For over two decades, Kinley has grown with Bharat, becoming a part of both daily and celebratory moments. From nimbu sodas at street-side thelas to premium hospitality mixers, the brand has built a reputation as a dependable, high-quality soda. Its crisp taste and signature carbonation have made it a staple across occasions, outlets, and generations.

Today, available in formats ranging from 200ml to 2.25L PET, Kinley Soda is accessible across 1.4 million+ retail outlets in India, from your local kirana stores to quick commerce like Swiggy and Zepto, to premium shelves.

As Kinley continues to lead in the soda category, Coca-Cola India is amplifying its presence with a refreshed and new brand identity for Kinley Strong Soda, reinforcing its commitment to quality and consumer trust.

Vinar Nair, Vice President, Franchise Operations, Developing Markets, Coca-Cola India and Southwest Asia said, “Kinley Soda’s success is rooted in trust, consistency, and quality. We’ve focused on execution, not exaggeration, and that discipline sets our portfolio apart. By listening deeply and innovating with intent, we’ve expanded the brand across every channel. This milestone celebrates the people who choose Kinley every day and reflects our strategy to build purposeful, demand-led brands. We’ll continue growing with the same consumer-first mindset because that’s what drives real scale.”

 

The Kinley Soda success story underscores Coca-Cola India’s commitment to leading the market with purposeful innovation, backed by data-led decisions, supply chain strength, and a sharp focus on what consumers seek in refreshment.

Rakesh Verma, Co-Founder & CMD, MapmyIndia, Honoured with Lifetime Achievement Award at the 16th Geospatial World Forum in Madrid, Spain

 

 

Photo caption: Mr. Rakesh Verma, Co-Founder & CMD, MapmyIndia, being honored with the Geospatial World Lifetime Achievement Award by His Excellency Mr. Dinesh K. Patnaik, Indian Ambassador to the Kingdom of Spain, at the Geospatial World Forum in Madrid, Spain.

New Delhi, 25 April, 2025: In recognition of his pioneering contributions to India’s geospatial sector and his leadership in founding MapmyIndia — the country’s leading location and deep-tech company — Mr. Rakesh Verma, Co-Founder and Chairman & Managing Director, MapmyIndia, has been conferred the prestigious Lifetime Achievement Award at the 16th Geospatial World Forum, held in Madrid, Spain. The award was presented by His Excellency Dinesh K. Patnaik, Indian Ambassador to Kingdom of Spain. 

Organized by the Geospatial World Forum (GWF) — the premier global platform for geospatial thought leadership and innovation — the award celebrates Mr. Verma’s instrumental role in establishing indigenous digital mapping capabilities in India and taking Geo-tech to the global stage.

Award Citation

“Rakesh Verma, Co-Founder and CMD of MapmyIndia, is a visionary whose pioneering efforts laid the foundation of India’s digital mapping industry. At a time when geospatial innovation was nascent, he dared to dream of a sef-reliant India in mapping. His leadership and advocacy have driven critical policy reforms and technological innovation, shaping MapmyIndia into a national geospatial powerhouse. Beyond business, his commitment to education and social good is commendable. We are honored to present him with the Geospatial Leadership- Lifetime Achievement Award.”

Responding to the honor, Mr. Rakesh Verma said “I accept this recognition with immense pride and deep gratitude. But this achievement is not mine alone. I share it with Rashmi Verma, Co-Founder & CTO of MapmyIndia, without whom this journey would never have begun. I also dedicate this award to Rohan Verma, Director at MapmyIndia, whose vision and leadership have been instrumental in scaling the company and driving technological advancements in our solutions.

I extend this recognition to everyone who has contributed to building MapmyIndia, and most importantly, to our country — India.

My sincere thanks to the Geospatial World Forum and the esteemed jury for this incredible honour. This award is a tribute to the enduring spirit of Indian enterprise and innovation. I hope the MapmyIndia journey, and our success in building world-class geospatial technology, inspires the next generation of entrepreneurs and innovators to dream boldly and build indigenously.”

Established in 2007, the Geospatial World Forum Awards recognize and celebrate outstanding contributions by professionals, institutions, government bodies, and businesses in the global geospatial ecosystem. Winners are selected through a rigorous and credible evaluation process led by an eminent international jury. This year’s jury was chaired by Dr. Greg Scott (Australia), Director, SDG Data Alliance, PVBLIC Foundation, and included Dr. Nadine Alameh (USA), Director, Taylor Geospatial Institute; Willy Govender (South Africa), CEO, Terra Group; Sallie Payne (Belgium), Secretary General, EuroGeographics; and Raj Alla (India), CEO, IIC Technologies. 

Resitu Strengthens C-Suite With New CEO as it Prepares for Commercialization of its Breast Tumor Removal Device

Uppsala, Sweden, April 25, 2025. Resitu, a Swedish company developing pioneering devices for full excision of breast tumors, has appointed Åsa Runnäs as the company’s CEO, building on her 20 years of experience in device regulation and commercialization.
 
Åsa Runnäs is one of Resitu’s core investors, part of its founding team, and has served as the company’s chief strategy officer. Prior to Resitu, she was CEO of several medtech consultancy firms.
 
The news comes as Resitu prepares for the launch of its first device, a vacuum-assisted, minimally invasive, handheld instrument for the excision of breast lesions for diagnostic analysis.
 
Resitu recently demonstrated its device to 40 leading breast surgeons at the Uppsala Breast Meeting, held at Uppsala University in Sweden. During guided workshops, the surgeons experienced hands-on use of Resitu’s devices.
 
“We are very encouraged by the feedback from surgeons at the workshop. It reinforces our view that the Resitu devices will play an important role in breast tumor management,” commented Åsa Runnäs. “The feedback also confirms that Resitu’s devices are easy to use, applicable to a wide patient population, and an important response to an unmet global need.”
 
Demand will be high. The instrument is developed by renowned surgeons, and the company’s absolute focus is to ensure that healthcare systems around the world will be able to access the device as soon as possible.
 
“By radically rethinking breast tumor management, we will be able to offer healthcare providers a much-needed excision-led, minimal invasive approach for large tissue removal. This solution will not only ease the strain on healthcare systems but, most importantly, it will shorten the stressful time patients experience during the diagnostic process. This is the way forward for 21st Century care,” added Runnäs.

Smiline Dental Hospitals Brings World-Class Care to Financial District

Hyderabad, April 25th, 2025Smiline Dental Hospitalsredefining dental excellence in Hyderabad for over three decades, has unveiled its third hospital in the Financial District, today. With existing state-of-the-art facilities in Panjagutta and Hi-Tech City, Smiline has earned a sterling reputation for its warmth, precision, and commitment to cutting-edge care. The new facility stands as a benchmark for modern dentistry, featuring world-class infrastructure and global – standard technology including AI-powered diagnostics for unparalleled accuracy; the revolutionary CEREC® system for same-day crowns, and Laser dentistry for minimally invasive treatments.

The Hospital offers a complete spectrum of dental services, bringing together expertise and innovation in a single, world-class facility. From General and Cosmetic Dentistry to Orthodontics, Paediatric Dentistry, Endodontics, Periodontics, Prosthodontics, and Oral & Maxillofacial Surgery, the hospital also places a strong emphasis on Preventive Dentistry, ensuring long-term oral health for all age groups.

Speaking on the occasion Dr. Ramakrishna, Chairman & Managing Director, Smiline Dental Hospitals, said, our state-of-the-art hospital in the Financial District is thoughtfully designed to deliver world-class dental care in a warm, welcoming ambience. Patients are set to experience the perfect blend of expert care, comfort, and convenience. By offering a comprehensive range of advanced services under one roof, we bring globally benchmarked treatments within reach, at a fraction of the cost compared to overseas. The Group’s three Hospitals house over 50 advanced dental chairs, a team of 40 experienced specialists provide expert care to more than 200 patients, every dayWhat sets us apart is our collaborative approach, we take a collective decision of our experts on the treatment plan for every patient we treat, which will be the best treatment that would be possible for the ailment. Our excellence has crossed borders, several dental clinics in the USA regularly consult Smiline for expert tele-consultation and services, a testament to the world-class standards we uphold and the trust we have earned internationally.

Designed with patient comfort and safety at its core, the facility features, multiple state-of-the-art dental chairs for efficient care, private consultation rooms for personalized attention, and advanced sterilization units that meet the highest hygiene standards. Care at Smiline is led by a team of highly experienced specialists, including Dr. Ramakrishna, Dr. Sunitha, Dr. Keerti, Dr. Preethi and Dr. Amulya, who are committed to delivering individualized, compassionate care with clinical excellence.

The newest facility is redefining the future of dental care with a suite of advanced, patient-centric technologies designed to deliver precision, comfort, and convenience. The facility features Smiline – our in-house clear aligner system, integrating CAD/CAM, 3D printing, and AI-driven planning for precise and efficient orthodontic care. Key innovations at the Hospital include, AI-Powered Diagnostics, which enhances diagnostic accuracy and streamlines treatment planning for better outcomes. Intraoral Scanners capture precise digital impressions, improving the fit, comfort, and efficiency of dental prosthetics. The advanced CEREC® System, enables same-day fabrication of crowns, inlays, and onlays, reducing patient visits and accelerating care. The Laser Dentistry offers minimally invasive procedures with reduced discomfort and faster recovery. The advanced Digital Imaging at the Hospital provides high-resolution visuals for accurate diagnosis and real-time treatment monitoring. The professional teeth whitening system, Zoom® Whitening delivers immediate, visible results for brighter smiles. A discreet and patient-friendly orthodontic solution, Invisalign® Clear Aligners, enhance appearance with maximum comfort.

At Smiline, we don’t just treat dental ailments, we care for people. Our commitment is to deliver cutting-edge dental solutions with a personal touch, making world-class care accessible to every smile, says Dr. Sunitha, Founder and Director, Smiline Dental Hospitals.

Hindustan Zinc Advocates Galvanization to Save 5% of India’s GDP

New Delhi, 25th April 2025: Ahead of World Corrosion Awareness DayHindustan Zinc Limited , India’s only and the world’s largest integrated zinc producer, launched a series of impactful initiatives under its campaign #ZungKeKhilaafZinc to raise public awareness about corrosion and its widespread impact. The campaign underscores the awareness on corrosion, a critical issue that costs India nearly 5% of its GDP annually, amounting to over $100 billion in preventable losses. Corrosion, a natural yet relentless process, deteriorates metals through chemical and electrochemical reactions caused by moisture, oxygen, pollutants, and salts. This leads to accelerated structural damage and threatens key assets such as infrastructure and vehicle bodies. Zinc galvanization is a proven, scalable solution to prevent such losses by forming a protective barrier that extends metal life and performance.

As part of the campaign, the world’s largest integrated zinc producer rolled out a week-long integrated activation including social media outreach, on-ground demonstrations, and a nationwide consumer survey. The company’s efforts aim to promote long-term, cost-effective protection for public infrastructure and private assets by advocating the use of galvanized steel—an affordable, highly durable alternative to costlier materials like stainless steel.

To raise customer awareness in the automotive sector, Hindustan Zinc conducted a live demonstration from 21st to 24th April in high-footfall areas of Zinc City, Udaipur, a city with over 2,500 years of zinc legacy. The company displayed 2 two-wheelers — one galvanized and one non-galvanized — were placed side by side. The contrast was evident: the non-galvanized two-wheeler showed visible rust, while the galvanized two-wheeler remained intact, protected by its zinc coating. This public experiment sparked curiosity and conversations, capturing real-time reactions to promote informed, zinc-smart decisions. The demonstration was targeted at youth, business owners, and the general public.

Commenting on the initiative, Mr. Arun Misra, CEO Hindustan Zinc Limited, said: “Corrosion poses a serious threat to our infrastructure and the nation’s economy at large. At Hindustan Zinc, we believe awareness is the first step toward real change. While it’s essential for manufacturers to adopt galvanization, consumers also play a vital role by asking the right questions – especially when it comes to long-term investments like homes and vehicles. Through #ZungKeKhilaafZinc, we’re committed to educating industries and individuals alike about the critical value of zinc protection.”

Observed annually on 24th April, World Corrosion Awareness Day is an initiative by the World Corrosion Organization (WCO) to spotlight the enormous economic and environmental cost of rust. Globally, corrosion results in economic losses exceeding $2.5 trillion, or approximately 3%–4% of industrial nations’ GDP. In India with its 7,800 km coastline and high-humidity zones faces a high risk of corrosion. However, countries like Japan and Australia have reduced their corrosion-related GDP losses to just 1.5%, primarily due to widespread use of zinc-coated steel. Studies suggest that up to 30% of corrosion-related damage can be avoided with proper prevention strategies.

The social experiment highlighted how over 70% of a vehicle’s body is steel, which corrodes easily without protection. In the automotive sector, Indian automakers are increasingly adopting zinc coatings for the body-in-white (BIW), the structural skeleton of a vehicle and its components. Galvanized steel not only provides robust corrosion protection but also enhances durability, safety, and resale value. With galvanization costing less than 0.1% of a vehicle’s price, it pays for itself within a year through reduced maintenance. The company is also conducting a nationwide survey on corrosion’s impact, especially in India’s harsh climate. The initiative brings industry experts together to stress the need for galvanized steel in cutting long-term repair and infrastructure costs.

Hindustan Zinc Limited, a Vedanta Group company, is the world’s largest integrated zinc producer and amongst the top 5 silver producers globally. The company supplies to more than 40 countries and holds a market share of about 75% of the primary zinc market in India. Hindustan Zinc has been recognized as the world’s most sustainable company in the metals and mining category for the second consecutive year by the S&P Global Corporate Sustainability Assessment 2024. The company also launched EcoZen, Asia’s first low carbon ‘green’ zinc brand, produced using renewable energy. As an energy transition metals company, Hindustan Zinc is pivotal in providing critical metals essential for a sustainable future.

Trending: O3 Professional Hottest Ingredient-Packed Must-Haves for Summer

This summer skincare is all about the buzzworthy power ingredients that everyone’s talking about — Vitamin C, Hyaluronic Acid, Niacinamide, Aloe Vera and antioxidants like Ferulic Acid and Vitamin E. These aren’t just trending, they’re essentials for hydrated, glowing and protected skin under the sun. 

And guess what? O3+ brings them all together in its iconic range from the Vitamin C Booster Serum to the Brightening Face Wash, Derma Fresh Mask, and Whitening Serum. 

1. O3+ Agelock Vitamin C Booster Serum:

  • Key Ingredients: Vitamin C, Hyaluronic Acid, Vitamin E

  • Benefits: Brightens skin tone, provides hydration, and reduces signs of aging.

  • About Product: This high-performance, ultra-stable Vitamin C serum brightens, firms, reduces fine lines and combats oxidative stress with natural extracts, delivering radiant, youthful skin—gentle enough for daily use.

2. O3+ Brightening & Whitening Face Wash:

  • Key Ingredients: Vitamin C, Aloe Vera

  • Benefits: Cleanses the skin while promoting a brighter complexion and providing soothing effects.

  • About Product: O3+ Brightening & Whitening Face Wash, enriched with cucumber and aloe vera, deeply cleanses, soothes and brightens skin while protecting against aging and environmental stress—perfect for all skin types.

 

3. O3+ Derma Fresh Mask:

  • Key Ingredients: Niacinamide, Aloe Vera

  • Benefits: Hydrates and revitalizes the skin, enhancing its natural glow.

  • About Product: O3+ Derma Fresh Mask hydrates, refines pores and soothes skin with Peach, Chamomile and Lotus Flower for a refreshed, radiant and youthful glow.

Gola Sizzlers Created History: Won 6 Awards at the Times Food and Nightlife Awards

Gola Sizzlers Created History:

The first restaurant to win six awards in one night, setting a new benchmark for culinary excellence

New Delhi: Gola Sizzlers, a legendary name in the dining world, created history by becoming the first-ever restaurant to win six prestigious awards in one night at the Times Food and Nightlife Awards 2025. These accolades reaffirmed its position as a leader in the Delhi NCR food and hospitality scene, celebrated for its innovation, culinary brilliance, and commitment to excellence.

The restaurant was crowned the best across multiple regions, including North, West, and East Delhi, as well as Ghaziabad. Its vibrant bar experience earned it recognition in East Delhi. Adding to the glory, Chef Shaurya Veer Kapoor was named Chef of the Year, honoring his creativity and passion for curating exceptional dining experiences.

Chef Shaurya Veer Kapoor expressed his gratitude, saying, “This recognition is truly humbling. At Gola Sizzlers, every dish is a labor of love, and this award is a testament to our dedication to delighting every customer. It motivates us to keep innovating and pushing the boundaries of culinary artistry.”

Since its establishment in 1988 by Mr. Naresh Kapoor, Gola Sizzlers built a legacy of excellence over three decades. Renowned for its iconic sizzlers and diverse menu featuring Chinese, Continental, Mughlai, Italian, and Japanese cuisines, the restaurant combined tradition with innovation to offer a feast for the senses.

Rajat Kapoor, Director of Gola Sizzlers, added, “Those awards are not just for us but for our entire team, whose hard work and passion made Gola Sizzlers what it is. We are excited to continue our journey, setting new milestones in the world of fine dining.”

Manik Kapoor, Director of Gola Sizzlers, reflected, “Winning six awards in one night was a dream come true. It was a reflection of the love and trust our patrons showed us for over 36 years. That moment has inspired us to continue creating unforgettable dining experiences.”

Previously, Gola Sizzlers had been honored with awards like the HT City Best Sizzler Award, Best Multi Cuisine Restaurant, and the Times Hospitality Icons 2023 Concept Restaurant of the Year. That historic win further cemented its reputation as a beloved institution in Delhi NCR, celebrated for delivering excellence in every bite.

GITEX ASIA x Ai Everything Singapore: AI Dominates Discussions as Audiences Analyse Asia’s Game-changing Digital Transformation Trajectory

Singapore – 25 April, 2025: Following a critically acclaimed opening day where capacity crowds examined Asia’s tech revolution and innovation leadership, GITEX ASIA x Ai Everything Singapore again showcased the region’s digital transformation trajectory on an action-packed event programme where AI dominated the in-depth discussions. 

Organised by Dubai World Trade Centre (DWTC) and KAOUN International in affiliation with GITEX GLOBAL, the Asian inaugural edition of the world’s largest show is running at Marina Bay Sands, Singapore from April 23-25.

GITEX ASIA x Ai Everything Singapore: AI Dominates Discussions as Audiences Analyse Asia’s Game-changing Digital Transformation Trajectory

Under the theme ‘Advancing Bold Partnerships in Asia’, the region’s largest inaugural tech, startup, and digital investments event welcomes 700+ enterprises and award-winning startups from 20+ industry sectors and 70+ countries alongside 400+ global expert speakers and 250+ leading investors.

With PwC projecting AI could potentially contribute as much as US$15.7 trillion to the global economy by 2030 and IDC anticipating the technology will yield an Asia-Pacific (APAC) economic impact exceeding US$1.6 trillion by 2028, the day two proceedings thrust the region’s AI revolution into the spotlight. Across a series of high-profile panels and debates, various industry-specific conversations enforced the view that AI is a launchpad for transformative, cross-sector AI-powered progress.

Revolutionising a US$107 Billion Regional Industry

Valued at US$107 billion by Inkwood Research, the APAC gaming sector today reigns supreme as the world’s largest and fastest-growing gaming market. Alongside digital penetration, a tech-savvy population, and the rise of esports, AI has emerged as a primary catalyst revolutionising the sector while cementing APACs status as a global innovation hub for AI-driven gaming advancements.

Michael Spanger, President of SONY AI in Japan, discussed how AI is propelling Sony’s mission to elevate and unleash human imagination and creativity. Addressing audiences, he revealed: “When it comes to AI in gaming, we want to support creators. Entertainment is ultimately about humans selling stories to other humans through technology – and the consumer-creator connection will always remain. AI is enhancing creativity, accelerating industry progression, and opening up new ways of thinking about what’s possible. We are recreating immersive, engaging, and extremely realistic gaming experiences – and we’re working with groundbreaking technology that empowers creators and is accessible globally.”

‘A Unique Opportunity to Redesign Financial Services’

Alongside gaming, another of Asia’s most prominent industries undergoing profound digital transformation is financial services as AI broadens horizons to enhanced efficiency, innovation, and customer-centric services. Boston Consulting Group recently revealed that APAC region’s financial wealth could rise by almost 30% by 2028 – with GenAI identified as a primary enabler for improved operational efficiencies and client experiences.

Discussing AI-related possibilities and potential in financial services, Shayan Hazir, Chief Digital Officer, Asia (xHK) & MENAT, HSBC Singapore, said: “Each revolution has added significantly to the global GDP and driven new business models. We must be open to what’s coming because there’s a unique opportunity to redesign financial services. We’re a regulated industry, and we’ve built our protocols on the back of strong governance and perhaps a lack of creativity. If we start taking new technology and applying it to redesign, the human transformation – embracing change and how we work – is key. AI is a part of this dimensional shift alongside blockchain, digital assets, and quantum computing.”

GenAI: A US$110 Billion Game-changer

With International Data Corporation forecasting that APAC AI and Gen AI investments could reach US$110 billion by 2028 alone, world-renowned AI experts also converged to discuss the technology and its influence and impact across the business world in due course. Among the most pressing discussion topics was whether AI is an unavoidable transformation of business models.

Patrick Tammer, Senior Investment Director at SCALE AI, the Canadian Government’s AI investment fund overseeing a US$125 million-plus AI innovation projects portfolio, shared his opinions, revealing: “GenAI changed the landscape by making AI mainstream and unlocking the power of unstructured data for advanced analytics and prediction. Many business processes, especially in the service sector, rely heavily on unstructured data, making GenAI a game-changer. This trend will accelerate in the coming years. Virtually every industry will experience significant AI-driven disruption and transformation in the next decade with GenAI – and particularly AI agents – fundamentally reshaping service-based business models, such as consulting, marketing, and legal services.” 

Charting a Course to a Smart & Sustainable Future

Elsewhere across GITEX ASIA x Ai Everything Singapore’s highly lauded second day programme, numerous discussions centred around sustainability and humanity’s path toward a greener future, including through smart city development and seamless emerging technologies integration.

Amongst the many high-profile visitors who shared fascinating insights, projections, and perspectives was Peter Kmec, Deputy Prime Minister of the Slovak Republic for EU Recovery Plan and Knowledge Economy.

During his address, Mr Kmec stressed the importance of maintaining human control over emerging technologies and ensuring no communities are left behind in the smart city era of tomorrow. He said: “When it comes to smart cities, those we see in 2035 will be entirely different to those we see today because technological development is so fast and smart city structures and sustainability models are evolving. While combining physical infrastructure with the new technologies we need, it’s most important to ensure that AI, IoT, and all other technologies are good servants – not good masters. It’s the role of governments to bring the necessary pieces together and build smart societies alongside smart cities so that we don’t create gaps between our urban and rural areas.”

Tony Verb, Founding Partner & CEO of Carbonless Asia – an investment, innovation and knowledge platform launched to support the decarbonisation of Asia – also joined the discussions, adding: “We remain behind from a Net Zero targets and achievements perspective. In this global economic and trade policy climate, we must unite to build on momentum and realise our intent to identify technology solutions that can deliver desired decarbonisation impact in a meaningful and commercially viable manner.” 

GITEX ASIA x Ai Everything Singapore presents a thrilling journey into technology’s new frontiers through a world-class event and exhibition programme spanning 180+ hours of content and eight key themes, from AI, biotech, cloud, and cybersecurity to quantum, green tech, health tech, and smart cities.

While hosting powerful debates surrounding the most pressing topics in tech, it stands as a three-day celebration of technological innovation, visionary collaboration, and universal digital ambition – welcoming renowned tech leaders, founders, investors, national digital agency officials, and regulators to examine first-hand the latest tech solutions revolutionising societies and industries.