Latest news with #VSC
Yahoo
21 hours ago
- Business
- Yahoo
The worlds First Fixed Fee Blockchain Appoints Former CFO of CitiGroup Finance
LONDON, June 20, 2025 /PRNewswire/ -- Vector Smart Chain (VSC), a Layer 1 blockchain protocol, has announced two strategic developments: the implementation of a fixed $4 gas fee model and the appointment of Peter Ritchie, former Chief Financial Officer at CitiGroup Finance, as Strategic Finance Executive Consultant. These initiatives mark a shift in VSC's operational and leadership structure, aiming to support network scalability and financial oversight. These developments signal VSC's growing influence at the intersection of blockchain innovation and institutional-grade finance. Breaking the Mold: VSC Introduces Fixed $4 Gas Fee In a space dominated by volatile transaction fees and scalability challenges, VSC's flat-rate $4 gas fee provides predictable costs, greater accessibility, and enhanced user confidence. "The $4 gas fee isn't arbitrary—it's carefully designed to balance network security and accessibility," said a VSC spokesperson. "We're removing the guesswork from blockchain." VSC's hybrid consensus mechanism ensures high throughput and near-instant transaction finality, making it ideal for enterprise adoption and real-world applications such as asset tokenization. Backed by this innovation, major platforms are already moving. Notably, BESC Exchange recently announced its migration from Solana to VSC. "We believe VSC's infrastructure and economics offer the highest upside," said Brian, Executive at BESC LLC. Strategic Leadership: Peter Ritchie Joins VSC To support its rapid growth and sustainability-focused vision, VSC has welcomed Peter Ritchie—former CFO of CitiGroup Finance—to help drive global financial strategy. Ritchie brings decades of institutional finance experience and will play a pivotal role in: Designing blockchain-based sustainable finance frameworks Advancing VSC's carbon initiatives Guiding enterprise and institutional integration "This isn't just about blockchain—it's about building a transparent, resilient financial future," Ritchie said. "VSC is uniquely positioned to lead that evolution." Next-Gen Blockchain with Real-World Utility With transparent network operations via VSC Explorer, deflationary tokenomics (including a $1 buy-and-burn per transaction), and a mission to bring blockchain to mainstream finance, VSC continues to build a robust, accessible, and sustainable ecosystem. About Vector Smart Chain Vector Smart Chain (VSC) is a Layer 1 blockchain protocol designed to deliver cost predictability, transparency, and institutional-grade performance. Its fixed $4 gas fee and hybrid consensus mechanism power next-generation decentralized applications, real-world asset tokenization, and carbon market integrations. Users can learn more at ContactPartnerColin WoolleyCrypto Marketing Companycolin@ Photo - - View original content to download multimedia: SOURCE Vector Smart Chain Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
2 days ago
- Business
- Time of India
Siemens Energy India makes market debut; to invest ₹460 cr in Kalwa facility
New Delhi: Siemens Energy India Limited (SEIL), the energy arm of Siemens Limited, was listed on the BSE and the National Stock Exchange (NSE) on Thursday, completing the separation and listing of the company. Siemens AG and its subsidiaries hold 69 per cent stake in SEIL, while Siemens Energy AG subsidiaries own another 6 per cent. The remaining shares are in free float. SEIL currently employs more than 4,200 people and operates ten manufacturing facilities and eleven regional offices. The company also serves neighbouring countries including Nepal, Bhutan, Sri Lanka and the Maldives. SEIL has completed its 1,700th steam turbine at its Vadodara factory and contributed to India's first high-voltage direct current (HVDC) transmission link using voltage-sourced converter (VSC) technology. 'As India advances toward becoming a $7 trillion economy, a strong and resilient energy system will be essential. Siemens Energy India Limited with its dedicated team is ready to support this important journey for India and its people,' said Guilherme Mendonca, Managing Director and Chief Executive Officer, Siemens Energy India Limited. As part of the Make in India initiative , SEIL announced an investment of ₹460 crore in its Kalwa Transformers facility. The company has also established a Competency Hub to support innovation in energy technologies. SEIL reported that more than 55 per cent of campus hires in FY25 were women. The company launched its first all-women manufacturing line at its Aurangabad facility and inducted its first women team at the Kalwa Transformer unit. SEIL said it is focused on promoting diversity and inclusion across its workforce, and has initiated targeted development programmes to strengthen gender representation in leadership roles.
Hans India
06-06-2025
- Automotive
- Hans India
Toyota Kirloskar Motor hosted an exclusive off-road drive experience for the Hilux in Shamirpet
Toyota Kirloskar Motor hosted an exclusive off-road drive experience for the Hilux in Shamirpet, Secunderabad, Telangana. The event witnessed enthusiastic participation from many customers keen to explore the vehicle's formidable 4x4 capabilities in a challenging terrain setup. Key Highlights of Toyota Hilux · Hilux is powered by 2.8 L Four Cylinder Turbo-Diesel Engine & available in an option of 6-Speed Automatic or 6-Speed Manual Transmission · With world-class engineering, enhanced safety, advanced technology and best-in-class comfort, every day will be an adventure. Automatic Transmission (AT) variant provides segment-leading power of 204 hp & torque output of 500 Nm; Manual Transmission (MT) variants generate 204 hp and 420 Nm. All variants come with a 4X4 drivetrain enabling customers to engage in smooth off-roading · The lifestyle vehicle renowned for its ruggedness sports a bold look with a Muscular Bonnet Line & Piano black Trapezoidal Grille with thick chrome frame thereby lending a sophisticated feel. Further, it comes with striking 18-inches Alloy Wheels with Super Chrome Finish · Sharp Swept Back LED Headlights & LED Rear Combi-lamps with an iconic night-time signature complete the modern look of the lifestyle vehicle · Top safety features such as 7 SRS Airbags, Vehicle Stability Control (VSC), Traction Control (TC) Electronic Systems to keep vehicle control under adverse weather & road conditions · Electronic Differential Lock (EDL), Automatic Hill Assist Control (HAC), Downhill Assist Control (DAC) and Automatic Limited Slip Differential (ALSD) ensures complete control for driver in any conditions · VFC steering that provides natural handling that matches the speed of the vehicle · First-in-segment features such as Drive modes options (Power & Eco), Tire Angle Monitor & Front Parking Sensors for a smooth drive · Utmost passenger comfort on the inside with Leather Seats, Dual Zone Fully Automatic Temperature Control, Smart Entry & Auto Head Lamps · Eight-inch infotainment table style screen with Android Auto/Apple CarPlay provides entertainment and seamless connectivity technology · Toyota Hilux is available in exciting colors – Emotional Red, White Pearl, Silver Metallic, Super White & Grey Metallic · Large deck which provides unmatchable space & flexibility
Time Business News
04-06-2025
- Business
- Time Business News
Thai Amaranth Goes Global as VSC & Strategic Partners Sign MOU at THAIFEX 2025 to Launch Thailand's Next Superfood
At the recent THAIFEX – Anuga Asia 2025, Value Sourcing Co., Ltd. (VSC), a Thai food innovation company best known for its Reo's Deli brand in over 14,000 7-Eleven stores nationwide, signed a landmark Memorandum of Understanding (MOU) with strategic partner on May 30th 2025 to launch Thai Amaranth as Thailand's next global superfood and high-potential economic crop. This milestone marks the official debut of a cross-sector initiative that positions Thai Amaranth not merely as an ingredient—but as a future-facing innovation platform that bridges scientific research, inclusive business, ESG values, and global market demand. (From left to right) Dharmikavongs, Manager, Tevaphan (Tan See Seng) Co., Ltd., Siripanwattana, Manager, Suan Dusit Home Bakery, Rangnoktai, General Manager, Thai B.B. Fruit Co., Ltd., Kietdumrongwong, Chief Revenue Officer, Taokaenoi Food & Marketing PCL, Mr. Chana Vasuvat, Chief Executive Officer, Value Sourcing Co., Ltd., Temirov, Director, AMARIO (Thailand) Ltd., Representative, SHIMAKYU Co., Ltd., Puangmalai, Director, Innovative Pharma Herbs Co., Sukviset, Director, Romyen Pensook Brewery Co., Ltd., and Mr. Patcharathanasit Meteewatcharasirichart, Business Development Director, Intouchtanagorn VSC's strategic partners include Taokaenoi Food & Marketing PCL, SHIMAKYU Co., Ltd., Romyen Pensook Brewery Co., Ltd., Intouchtanagorn Thai B.B. Fruit Co., Ltd., Tevaphan (Tan See Seng) Co., Ltd., Innovative Pharma Herbs Co., Ltd., Suan Dusit Home Bakery and AMARIO (Thailand) Ltd. Under this MOU, VSC and its partners commit to: – Co-develop high-value products using Thai Amaranth Powder across food, beverage, supplement, and functional nutrition categories. – Showcase Thai Amaranth at global trade shows and international commercial platforms. – Align in unified marketing and storytelling, establishing Thai Amaranth as Thailand's flagship superfood. – Collaborate on R&D, sustainability, and zero-waste agricultural practices, with a robust contract farming model that strengthens local value chains. 'We don't see this as just a product launch—it's a shared commitment to begin something that could spark change on a national level,' said Mr. Chana Vasuvat, CEO of VSC. 'By co-creating shared standards, success stories, and scalable solutions, we are opening doors to new markets, both for Thai agriculture and for future-forward nutrition.' Thai Amaranth was developed under the 'Happy Harvest' initiative by Value Sourcing Co., Ltd. (VSC), in collaboration with The Siam Forestry Co., Ltd., a subsidiary of SCGP. The partnership was initially formed to strengthen the spinach supply chain for Reo's Deli, VSC's flagship ready-to-eat food brand. Chana Vasuvat, CEO of VSC, at Amaranth Farm under the 'Happy Harvest' initiative in Phanom Thuan District, Kanchanaburi. What began as a small-scale supply solution has evolved into a shared mission—to maximize the value of every part of the amaranth. Through innovation, Thai Amaranth offers a high-value functional ingredient with standout features, including: Superfood by Nature – Rich in folate, fiber, plant protein, and flavonoids 100% Natural Green Colorant – Clean-label replacement for synthetic additives Versatile formats – for beverages, supplements,for bakery, sauces Formulated for clean-label recipes —Thai Amaranth offers functional benefits that stand on their own Matcha-like flavor with natural green color The partnership leverages SCGP's well-established expertise in sustainable supply chain management and agricultural research and development, ensuring that Thai Amaranth is cultivated under a system that is not only climate-adaptive but also reliable, traceable, and scalable. Every stage—from seed selection and GAP-certified contract farming to zero-waste processing—is designed to meet the demands of both domestic and international markets with consistency, transparency, and safety. Planting Prosperity with Thai Amaranth In addition to operating under a guaranteed purchase contract farming model, Thai Amaranth is guided by a broader vision to empower Thai farmers—through increased income opportunities, continuous agricultural training, and hands-on cultivation support. Together with Siam Forestry, VSC has set a target to expand Thai amaranth cultivation from 42 rai today to 1,200 rai by 2027. This scale-up is expected to generate an average monthly income of THB 15,000 per rai. The initiative is designed to strengthen income security for Thai farmers, especially as they face increasing challenges from climate change. 'Thai Amaranth is a new model for inclusive rural development. Not only does it offer stable income, but also integration of Thai farmers into the global food value chain,' said Mr. Chana Vasuvat. 'We believe true growth must happen across the entire system—from upstream producers to end consumers, and in harmony with the environment.' Value Sourcing Co., Ltd. (VSC) is a Thai food innovation company committed to making high-quality, ready-to-eat meals accessible to all. Best known for its 'Reo's Deli' brand—exclusively available at 7-Eleven nationwide—VSC combines culinary expertise with advanced food innovation to deliver delicious, affordable, and sustainable products. Through initiatives of Thai Amaranth through 'Happy Harvest' project (โครงการผักสร้างสุข), VSC leads with a vision to transform local ingredients into global innovations, building a future where value creation, consumer health, and sustainability go hand-in-hand. TIME BUSINESS NEWS
Yahoo
27-05-2025
- Business
- Yahoo
NC House bills will undercut services to homeless vets
People experiencing homelessness in Raleigh pack to leave an encampment off of Highway 70 near Interstate 40. (Photo: Greg Childress) As a U.S. Navy veteran, I am honored to manage a team that serves other veterans who find themselves without a home in North Carolina. In my role as director of outreach for Veterans Services of The Carolinas (VSC), our team collaborates daily with the faith-based community, mental health and substance use providers, LME/MCOs, law enforcement, housing providers, and others across all 100 counties of North Carolina. That experience has provided us with deep insight into what works and what doesn't. Two pending bills in the North Carolina General Assembly will have a direct impact on our communities, service providers, law enforcement, and those we serve. Both are promoted—as they were in other targeted states —by an interest group out of Austin, Texas, called Cicero Action. Joe Lonsdale, its founder, is a venture capitalist with ties to those in private prison contracting, including technology for the newer field of e-carceration. One bill – House Bill 437 – would criminalize nonprofits like ours by threatening felony charges if drug activity occurs within 100 feet of our facilities — an extreme and unworkable standard that punishes service providers for circumstances beyond their control. The other — House Bill 781 — establishes new requirements on cities and counties to set up state-sanctioned homeless encampments for up to a year without additional funding. Going after nonprofits and supporting unfunded mandates is not on-brand for the state of North Carolina, but neither is disrespecting our faith-based and veteran leaders who the Cicero lobbyists characterize as unserious activists. Representatives for four bishops overseeing 1200 North Carolina Episcopal and United Methodist churches joined VSC and other veterans in sharing concerns about these bills and the impacts they will have at multiple House committee podiums. And yet, the bill passed out of the House and now awaits a round of committee hearings in the Senate. Under the guise of a self-described think tank, the Cicero Institute—in the absence of data—blames the Housing First model for the increase of homelessness. From Texas, it declares there is no lack of affordable housing in North Carolina and glosses over how two out of three of its residents experiencing homelessness in recent years are experiencing it for the first time. Prioritizing housing with wrap-around services—the housing first model—has been the U.S. Department of Veteran Affairs approach since 2012. More than 133,000 veterans were housed and provided with supportive services to help them retain housing over the last three years. The practice was first introduced by the George W. Bush Administration and has enjoyed subsequent bipartisan support because of data showing its effectiveness. The average number of returns to homelessness across the state utilizing Housing First is less than 13%. The City of Raleigh estimates it costs $96,000 a year in emergency services, law enforcement and health care for a homeless person living outside. As Raleigh's News & Observer reported recently, putting someone in a home and making services available costs $20,000 — saving taxpayers' $76,000 per person. In contrast, another local government projected the cost of installing just one Greenflow unit to provide the bill's requirement of running water and restrooms at up to $200,000 alone. Will local governments have to add this cost and others in their capital improvement or their regular budgets to meet the state's approval? Will property tax increases be required to move the state-sanctioned encampments around each year? Additionally, legal counsels from local governments have raised concerns about increased liability and incarceration along with decreased local control–as reported by their colleagues in states where the Cicero bills have passed into law. Cicero offers no data to indicate its proposal will do anything to end homelessness—just make it less visible. A month after the Florida encampment law went into effect last year, the first lawsuit was filed, resulting in a hasty sweep of an encampment without a plan for where people would go. Ongoing treatment for substance use and medications for mental illness are interrupted or lost when caseworkers and peer support specialists cannot find those they serve. State-sanctioned, compulsive homeless encampments will drive unsheltered veterans further from the resources needed and further away from sustainable recovery, while putting the onus on our local law enforcement. Especially in the context of yesterday's annual observance of Memorial Day, it makes no sense for our leaders to pass laws that criminalize those who have given up so much for the freedoms we enjoy. Our General Assembly members would serve their communities more effectively by investing in solutions that have been proven to work and are cost effective.
