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Tag: European Union

VST Tillers Tractors Showcased 30 HP tractor with Stage V Emission Norms Engine at EIMA International Exhibition in Italy

Eima VST 1

VST Tillers Tractors, one of the leading manufacturers of farm equipment in India, showcased its technologically superior 30HP Tractor with Stage-V Emission Norms at the recently concluded EIMA International Exhibition in Bologna, Italy

Leveraging its R&D capabilities this tractor is engineered to meet the stringent emission standards set by the European Union, ensuring a significant reduction in harmful pollutants without compromising on performance. The key features of the Stage 5 Japanese engine includes the integration of Diesel Particulate Filters (DPF) and Diesel Oxidation Catalysts (DOC). These components work in harmony to minimize particulate matter (PM), Nox, and CO emissions, effectively meeting the toughest pollution norms and making the tractor not only environmentally friendly but also more efficient in terms of fuel consumption.

VST Tillers Tractors reiterates its commitment to sustainable and frugal engineering and is set to enhance its R&D (research and development) capabilities by establishing a global tech center in Hosur, Tamil Nadu. Expanding its presence in over 40 countries, including Europe, Asia, and Africa. VST has recently incorporated a wholly owned subsidiary, VST Americas Inc., in the US, to address the needs of the North American market in the tractor and farm machinery segment.

At EIMA, VST displayed its tractors ranging from 18HP to 30HP including the VST FIELDTRAC 927, 929, and the new 30 HP Stage V model in VST FIELDTRAC Brand.

EIMA International is the International Exhibition of Agricultural and Gardening Machinery, a biennial event promoted since 1969 by the Italian Agricultural Machinery Manufacturers Federation, and organized by the Federation’s service company, FederUnacoma Surl, in cooperation with BolognaFiere. The event, attended by manufacturing companies from every continent and showing cutting-edge technologies on a global level, is held at the fairground in Bologna covering an exhibition area of 375,000 m², 122,000 m² net. Each edition hosts some 1,700 companies from 42 countries exhibiting more than 60,000 models of machinery and equipment for all types of agricultural or green activities for every business model.

VST Tillers Tractors Limited is India’s leading farm equipment manufacturer. VST was established in the year 1967 by the VST Group of companies. With a legacy of more than 55 years, VST continues to drive farm mechanization and empowerment of Indian farmers. The organization is the largest Indian manufacturer of Tillers, and 4WD Compact Tractors, and amongst the leading producers of the other category of Tractors, Engines, Transmission, Power Reaper, and Precision Components. VST also exports products to European, Asian, and African markets.

BNP Paribas and Ant International Enhance Cross-Border Payments and Treasury Solutions in Europe

Singapore ,July 15, 2024

BNP Paribas, the European Union’s leading bank, and Ant International, a digital payment and financial technology leader, have formed a strategic partnership to enhance cross-border payment solutions for merchants and consumers in Europe.

In a Memorandum of Understanding (MoU) signed on 3 July 2024 in Zurich by Douglas Feagin, President of Ant International and Pierre Fersztand, Global Head of Cash Management, Payments, Trade Solutions & Factoring at BNP Paribas, both parties agreed to develop several key initiatives, which will see BNP Paribas working closely with Ant International and its digital payment and innovative businesses.

BNP Paribas will work with Alipay+, the cross-border mobile payment and digitalisation technology solutions operated by Ant International, to enable thousands of merchants that use BNP Paribas’ acquiring service across Europe to accept payments from more than 25 international mobile partners via Alipay+.

The two sides also agreed to work together to strengthen WorldFirst’s participation in the Single Euro Payments Area (SEPA) scheme. WorldFirst, Ant International’s one-stop digital payment and financial services platform for global businesses, will reinforce its participation in SEPA to enable businesses to make online cross-border payments and fund transfers more seamlessly within the SEPA Zone.

BNP Paribas will sponsor WorldFirst’s participation in the SEPA scheme, allowing WorldFirst to leverage the bank’s expertise and products to expedite its integration and onboarding onto SEPA. WorldFirst’s clients will be able to access payment schemes under SEPA in real-time and automate treasury payments to optimise their operations.

In addition, BNP Paribas will explore innovations in tokenised deposits for global treasury management with Ant International, through the latter’s Whale platform. The collaboration aims to improve the efficiency and speed of global fund settlements through the use of tokenised deposits.

Ant International will leverage BNP Paribas’ infrastructure to further develop its Whale platform, a next-generation treasury management solution that utilises blockchain technology innovation, including advanced encryption and AI, to improve the efficiency and transparency of fund movement between bank accounts for better global liquidity management.

Douglas Feagin, President of Ant International, said: “Europe is an important region for Ant International, with the rise of cross-border commerce and the increase in travellers to the region, and of course, the excitement around UEFA EURO 2024 this year. Through our collaboration with a leading industry partner, we will bring together digital payments and innovative technology solutions from Ant International, with BNP Paribas’s depth of experience in the European market, to deliver greater connectivity and make global travel and trade more convenient.”

Pierre Fersztand, Global Head of Cash Management, Payments, Trade Solutions & Factoring at BNP Paribas added: “This new agreement with Ant International deepens a long-term collaboration that started in 2016 when Alipay+ was rolled-out in Europe. This is a key step in bolstering our service offering while leveraging on each other’s strengths to offer our clients the best service when it comes to cross-border payments. Additionally, we are keen to foster innovation with such a key player to develop tomorrow’s treasury management standards.”