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Tag: North America

Dastur Energy recognized with the Decarbonization Excellence Partner Award

DE's proud moment

01st July 2024: Dastur Energy, a leading clean energy technology company, has been named winner of the “Decarbonization Excellence Partner” award by the Governing Council of The Global Refining & Petrochemicals Congress (GRPC 2024) & Organizers of the Downstream India Excellence Awards 2024.

The Award recognizes Dastur Energy’s significant contributions towards enabling industrial-scale clean energy transformation by offering deep expertise across the industrial decarbonization value chain including – renewable energy, clean fuels like hydrogen, production process changes, and carbon capture, utilization & sequestration. Dastur Energy’s team of industrial decarbonization, technoeconomic, regulatory, and project risk experts deliver – a cost-effective strategic approach that is designed to deliver significant business impact while enabling clean energy transition and carbon management.

The Award, held in association with the Global Refining & Petrochemicals Congress (GRPC 2024), recognizes industry leaders and organizations that have demonstrated excellence in thought leadership, management, research, technology, innovation, and overall operations in the Indian downstream Oil & Gas industry.

Atanu Mukherjee, CEO Dastur Energy, expressed his gratitude for the award, stating, “We are honoured to receive this prestigious award which recognizes our commitment to developing innovative solutions that enable the transition to a sustainable future.”

The award was announced and conferred during the ceremony and networking reception held on June 27, 2024, at Hotel Le Meridien, New Delhi, as part of the 5th edition of the Global Refining & Petrochemicals Congress (GRPC 2024).

Dastur Energy, a subsidiary of M. N. Dastur & Co. (P) Ltd., has been successfully delivering industrial-scale clean energy transition and carbon management solutions for companies in the ‘hard to abate’ sectors in North America, the Middle East, and India. In addition, the company has been closely associated as a partner and thought leader enabling pioneering projects funded by governmental entities like – NITI-Aayog, the United States Department of Energy, United States Trade and Development Agency.

Spendgo enhances loyalty programs with Infobip’s omnichannel communications platform

India, 23 May 2024 – Global communications platform Infobip has partnered with Spendgo, the loyalty and identity platform, to embed omnichannel communications throughout its loyalty programs and boost client engagement and return on investment (ROI).

Through this partnership, Infobip’s real-time omnichannel communication capabilities has enabled Spendgo to drive higher participation and 92% redemption rates from their loyalty programs, alongside access a 100% accurate attribution model to campaigns and insights to optimize performance. In addition, the seamless integration between Infobip and Spendgo platforms has led to a 40% reduction in the time and effort needed to launch loyalty campaigns.

Spendgo enables retail and restaurant businesses across North America to automate and manage loyalty programs. It oversees more than 100 loyalty programs with 25 million members. Spendgo works with businesses to identify the need for interacting and communicating with customers across the media of their choice and offer closed loop loyalty.

To move clients from the traditional coupon-based systems to more sophisticated digital options tailored to individuals, Spendgo partnered with Infobip to offer closed-loop loyalty programs, enabled by omnichannel communication capabilities. This ensures loyalty campaigns engage consumers on their preferred channel, connect every interaction in a single, integrated, omnichannel customer journey and consumers spend with the business that has offered the loyalty.

Spendgo’s clients can now offer personalised loyalty messages according to their customer’s individual profile across SMS, Email, Push Notifications, and MMS, ensuring a consistent and engaging experience. The loyalty platform integrated Infobip’s platform to enable its clients to create simple campaigns alongside Infobip’s customer engagement platform Moments so clients can build sophisticated and highly personalized offers based on real-time insights. Moreover, Infobip’s customer data platform, People, allowed Spendgo to create unified customer experience and richer profiles.

Ivan Matkovic, founder and CEO at Spendgo, said: “For us, it came down to omnichannel functionality and ease of use. We did not want to integrate with different vendors to obtain the channels needed. Instead, we researched the ecosystem and discovered Infobip satisfied our needs for multiple channels and our client needs for worldwide support for global requirements.”

Veselin Vukovic, VP of Strategic Partnerships at Infobip, said: “Consumers are using more communications channels than ever before and want to use them interchangeably. While this is convenient for consumers, it poses a big challenge for businesses that must build omnichannel journeys and offer the right channels at the right time to deliver value. Our partnership with Spendgo yielded impressive results, driving significant customer engagement and loyalty for Spendgo’s retailers and restaurants. We have helped the firm to overcome its communication challenges and unlock new opportunities for growth and innovation in customer engagement and loyalty programs.”

The Future of Urban Living – The Sustainable Communities of Tomorrow

By – Akash Pharande, Managing Director – Pharande Spaces

Akash Pharande, Managing Director - Pharande Spaces

I travel a lot to understand how different countries address their urban sprawl because we use such insights to design integrated townships here in India. In fact, one result of these travels was our partnering with a globally acclaimed architect who helped us recreate a global residential experience in India.

However, my main takeaway from this globetrotting has been far less positive – the alarming rate at which rampant urbanization is challenging even the most glamorous world cities.

As cities’ populations overflow, traditional urban infrastructure groans and often crumbles under the strain of housing demands. Did you think that overcrowding and declining living standards are the order of the day only in India? Far from it – it is a global phenomenon.

The Global Scenario

In the thronged streets of New York, Tokyo, and Hong Kong – and even in Berlin, Hamburg, and Stockholm – urban sprawl running wild is in evidence everywhere. In India, we have accepted congestion, pollution, and stressed infrastructure, but be aware that very few countries are exempt from them anymore.

Across the world from Asia to Europe to North America, local governments and expert city planners are implementing the only viable solution. You guessed it – integrated townships.

In Singapore and the United Arab Emirates, self-sufficient, self-contained integrated projects have in fact been at the forefront of urban planning for many decades. Singapore, in particular, is famous for master-planned communities such as Punggol and Tampines, which integrate residential, commercial, and recreational facilities to create vibrant and self-sustaining neighborhoods.

-township-

In the UAE, integrated developments like Dubai Marina and Masdar City deliver comprehensive living and working environments for residents. In Europe, Sweden and the Netherlands have embraced the concept of integrated townships to promote sustainable urban development.

Stockholm and Amsterdam have pioneered eco-friendly neighbourhoods that prioritize walking, cycling, and public transportation while incorporating green spaces and mixed-use developments.

In North America, integrated townships have gained traction in response to urban sprawl and the growing trend for more walkable and inclusive communities. Vancouver in Canada and Portland in the United States have implemented policies to encourage mixed-use development and compact urban forms.

This approach has given rise to highly integrated neighborhoods that provide everything their residents will ever need – living spaces, offices to work in, as well as shopping malls and recreational amenities.

Integrated Living – No Alternatives

If this sounds like a marketing prospectus for a modern integrated township in India, it’s because while we certainly haven’t pioneered the concept, we have certainly caught on to it big time. And for good reasons.

A report by international property consultants JLL India entitled ‘Livability quotient – a paradigm shift in India’s emerging cities’ puts it very aptly – “A balanced lifestyle contributes highly to the livability quotient of a city or township,” it states. “Amenities for leisure and recreation such as sports facilities, gymnasiums, clubhouses, malls and shopping streets are considered lifestyle amenities and are much appreciated by users.”

“Townships managed by private developers have an advantage over cities managed by local governments. The high level of interaction that happens between a township developer and customers naturally enables a focused delivery of services.”

I guess there’s no better way of putting it. As our larger cities draw more and more inward migration because of their employment prospects, we certainly need better solutions to house everyone. India’s growing upper-level middle class expects to find housing that multi-tasks and delivers on their lifestyle preferences.

What better solution for this than integrated mixed-use developments where they can seamlessly transition between living, working, and leisure activities without enduring long commutes?

As the successful eco-cities of Scandinavia and the master-planned communities of Singapore and the UAE demonstrate, integrated townships are a concept whose time has come – and is, in fact, by now an imperative in India.

intergrated township

A Long Way to Go

As Anarock Property Consultants put it, the growing demand for integrated townships in India has risen even more in the wake of changing housing preferences post-pandemic. However, despite the increased interest, integrated townships still represent only a fraction of the total housing supply in India. Since 2010, only about 2% of all housing projects in the top seven cities fell in this category,

Clearly, we are missing something important here.

India is a nation at a crossroads in its urbanization journey. Rapid population growth, rural-urban migration, and fragmented urban planning have spawned a host of challenges, from sprawling urban sprawl to choked traffic arteries and polluted air. The need for holistic urban planning has never been more pressing.

Integrated townships offer hope amidst this urban chaos. With the government’s ambitious plans to create smart cities and revitalize urban infrastructure in a country where land scarcity, fragmented development, and outdated infrastructure are the norm, there is quite simply no other solution.

Without integrated townships, the status quo in India is frankly unsustainable. With every passing year, our trajectory of urbanization is spiraling further out of control – with far-reaching consequences on our society, our environment, and our economy.

Beyond just bricks and mortar, integrated townships also serve as catalysts for economic growth and building strong, wholesome and supportive communities. They provide local employment opportunities, reduce dependence on city centers, offer higher returns on investment, and provide a holistic solution to the many challenges we face in our cities.

About the Author:

Akash Pharande is Managing Director – Pharande Spaces, a leading real estate construction and development firm famous for its township projects in West Pune and beyond. Pharande Promoters & Builders, the flagship company of Pharande Spaces and an ISO 9001-2000 certified company, is a pioneer of townships in West Pune. With the recent integration of Puneville Commercial into one of its most iconic townships, Pharande Spaces taken a major step towards addressing Pune’s current and future requirements for fully integrated residential-commercial convenience.

Cirium’s Airfare Data Shows Increases in Economy Airfares in 2023 in North America and Europe With a Decrease in Transatlantic Business Class Fares

March 29, 2024

London, United Kingdom

Cirium, the leading aviation analytics company, analysed airfare trends for 2023, using Cirium FM Traffic. Economy airfare has generally increased since 2023 in North America and Europe, but lower than the U.S. inflation rate.

“While airfare has risen in nominal terms in U.S. and Europe, consumers will appreciate that the increases are less than other consumables,” said Jeremy Bowen, CEO of Cirium. “Cirium’s data teams will continue to monitor the impact on fares of increased capacity in the market, despite challenges related to the availability of aircraft, be it due to groundings, engine issues, or supply chain constraints.”

Cirium analysed airfare for the U.S. domestic market (including 13 U.S. airlines), intra-European travel, and the Transatlantic market. The data is non-directionally averaged, in U.S. dollars, not including taxes and fees. Unless otherwise noted, the fares indicated are for economy class.

U.S. Domestic Airfare
The average U.S. domestic airfare by the 13 airlines was $179.25 in 2023, an increase of 9% since the 2019 average of $164.63. Notably, Cirium also analyzed changes in the U.S. Consumer Price Index from data provided by the Bureau of Labor Statistics, where the inflation rate between 2019 and 2023 was 19%. Accordingly, airfare has risen less than other consumables — 10% lower in real terms.

Beginning in August 2023, airfare decreased by approximately 4% compared to the equivalent months in 2022. Fares in December 2023 were 9% lower than December 2022. The U.S. domestic airfare data includes Alaska Airlines, Allegiant Air, American Airlines, Avelo Airlines, Breeze Airways, Delta Air Lines, Frontier Airlines, Hawaiian Airlines, JetBlue, Southwest Airlines, Spirit Airlines, Sun Country Airlines, and United Airlines.

Intra-European Airfare
Fares for flights within Europe are 8% higher than in 2022 and 12% higher than in 2019. The average airfare in Europe in 2023 was $104.58 (approximately €96) compared to $93.17 (approximately €85.70)—in each case excluding taxes and fees.

Transatlantic Airfare
The average transatlantic economy fare in 2023 was $435.17, compared to $410.75 in 2022 and $381.08 in 2019. This is an increase of 14% in 2023 compared to 2019. However, Cirium data indicates that transatlantic business class airfare is 3% lower compared to 2019, with December 2023 business class fares 7% lower compared to December 2019. The average business class fare in 2023 was $1,845.

Increase in Transatlantic Capacity
Airlines increased capacity in 2023 compared to 2022 and are poised to do the same for summer 2024, according to Cirium Diio Mi schedule data. The transatlantic carriers increased seats flown by 18% in 2023 compared to 2022. And, in the peak summer month of July 2024, the transatlantic carriers will fly almost 375,000 more seats compared to July 2023, with Air France, Delta Air Lines, and Lufthansa among the carriers increasing capacity. This action may reduce airfare on select routes.