Archives August 2023

Gurugram: 18th August 2023– The Ayodhya Development Authority (ADA), a prominent institution operating under the aegis of the Uttar Pradesh Government, has joined forces with ShopClues, , a leading technology company known for its innovative solutions. This collaboration marks a significant step as ShopClues undertakes the responsibility to oversee and manage all digital tourism interfaces affiliated with The Ayodhya Development Authority.

Ayodhya, rich in history and culture, is now a burgeoning tourist gem. It boasts sacred sites and captivating architecture, including the spiritual cornerstone of Ram Janmabhoomi and the alluring design of Hanuman Garhi temple. Kanak Bhawan’s vibrant murals depicting Lord Ram’s life enhance the city’s allure, while the tranquil Sarayu River banks and the serene Mani Parbat offer reflective moments. Ayodhya’s development as a sought-after destination, integrating spirituality, legacy, and craftsmanship for an enriching travel experience, can be seen by improved infrastructure and connectivity.

The state government will leverage the technology expertise of ShopClues Enterprise Devision for Ayodhya’s overall holistic development, boosting the local economy through increased tourism revenue and job opportunities. The tie-up will help improve infrastructure and facilities for visitors; preserve and promote Ayodhya’s cultural and historical heritage; and elevate Ayodhya’s status as a world-class tourist destination, attracting travellers from India and across the world

Recognized for its outstanding services, the ShopClues Enterprise Devision provides an array of solutions to address diverse technological requirements. Their extensive service portfolio encompasses Product Engineering, Development of Web and Mobile Apps, Cloud Engineering, UI/UX Design, Enterprise App Development, Comprehensive E-commerce Solutions, Logistics Solutions, and Customer Care Solutions. Enjoying a commendable reputation, they have effectively partnered with governmental, private, and international entities, delivering top-notch technological solutions.

As the technology partner of ADA, ShopClues will develop a user-friendly, informative, and visually captivating tourism portal showcasing Ayodhya’s diverse tourist attractions, reflecting its rich culture and heritage. ShopClues will also create an interactive and intuitive mobile application that will provide tourists with real-time information, personalized itineraries and secure online booking options for accommodations and tours. ShopClues will also operate paying guest schemes, home stays and various other tourist activities including heritage walks, adventure sports, and immersive workshops in Ayodhya and its nearby locations.

“We are humbled and honoured to be entrusted by the Ayodhya Development Authority and the Uttar Pradesh Government for this prestigious and transformative project. At ShopClues, we believe in the power of technology to revolutionize industries and enrich people’s lives. Our team is excited to contribute to the development of Ayodhya’s tourism sector and showcase the city’s unique charm to the world through cutting-edge solutions combined with a deep understanding of the needs of travellers. We look forward to putting Ayodhya on the ‘must-visit destination’ list for all.” said Anuraag Gambhir, MD ShopClues.

Among those who attended the function held on 26 July announcing the partnership between ShopClues and Ayodhya Development Authority were Gaurav Dayal, Divisional Commissioner of Ayodhya; Vishal Singh, Vice Chairman of Ayodhya Development Authority; Anuraag Gambhir, MD, ShopClues; Vijesh Poollakil, Head of ShopClues’ Enterprise Division; Rupinder Grewal, Head of Operations at ShopClues; and Abhishek Tiwari, Director of Technology at ShopClues.

In the fast-paced digital era, the traditional classroom setting is being redefined by innovative new-age learning platforms. These groundbreaking platforms, such as NICS Technology, are empowering students to achieve top grades and excel in their academic pursuits like never before.

One key aspect that sets these platforms apart is their ability to personalize the learning experience. With adaptive algorithms and artificial intelligence, students can access tailor-made study materials and practice exercises that align with their unique learning styles and abilities. By catering to individual needs, these platforms foster a deeper understanding of concepts and enhance retention.

Moreover, new-age learning platforms offer unparalleled flexibility. Students can access educational resources anytime, anywhere, allowing them to learn at their own pace. This freedom ensures that students can optimize their study schedules, manage their time effectively, and balance their academic commitments with other activities.

Collaborative features also play a vital role. These platforms facilitate virtual classrooms, discussion forums, and interactive study groups, fostering peer-to-peer learning and encouraging students to engage actively in the learning process. The ability to connect with classmates and educators creates a supportive network that enhances motivation and deepens understanding.

According to Mr. Rohit Singh, CEO of NICS Technology, new-age learning platforms like NICS Technology have revolutionized education, equipping students with the tools and resources necessary to achieve top grades. By personalizing the learning experience, providing flexibility, and fostering collaboration, these platforms empower students to unlock their full academic potential and succeed in their academic endeavors.

Bengaluru, 18th August 2023 Knowledgeum Academy, a leading IB World School and Cambridge International School backed by JAIN Group, organised their second edition of Independence Day. To glorify the creative and artistic hue of our nation, the event displayed mesmerising cultural dances and spirited musical performances. The fervour of patriotism and pride was on full display as learners showcased the diverse heritage of our country and shared a medley of traditions through their artistic choreography and colourful attires. In addition to paying homage to the country’s freedom fighters, an earnest sense of belonging among themselves was ignited.

To add further flavour to the Independence Day celebrations, the learners and educators of Knowledgeum Academy collaborated on an enormous mural painting on a 40 feet canvas to commemorate the 77th Independence Day. This outstanding visual masterpiece paid a tribute to the nation’s persistent spirit and its journey towards progress through individual art creations. This collective effort was a classic example of the unity, diversity, and resilience that outline the nation, represented through captivating visuals and imagery.

Mr. Kalai Rajan, Head of the School, Knowledgeum Academy said “We are extremely proud of our students for taking up this unique initiative to celebrate Independence Day through the pulsating language of art. The mural painting and dance performances not only showcase the artistic integrity of our nation, but also represent our students’ deep understanding of the cultural and historic significance of this day.”

Bharat Skyr & Doodh Products Private Limited, a well-known brand among premium milk product manufacturers – Skyrrup, announces the launch of Lactose-Free Greek Yogurt for yogurt lovers. With a protein content of 7.5 grams & made from A2 Cow Milk, Skyrrup’s Greek Yogurt not only provides essential nourishment but also delights the senses. Embodying wellness, Skyrrup skillfully merges protein power with amazing benefits, offering a delightful and convenient way to prioritize health.

Each spoonful of Greek yogurt is meticulously crafted from the purity of A2 cow’s milk and is proudly produced in India, serving as an excellent source of protein and calcium, this product features a creamy texture, has low fat content and is suitable for all family members.

Skyrrup Greek yogurt is a creamy dairy product with a rich texture. It’s made by straining whey and is lactose-free which also makes it appealing to those with lactose intolerance. There is no added sugar or preservatives making it an ideal snack for all health-conscious consumers.

Sharing thoughts on the launch, Mr. S.N Dwivedi, Managing Director of Bharat Skyr & Doodh Products Pvt. Ltd., “We have leveraged our expertise in yogurt to build the category in the market and establish the relevance for the category through the right product innovation. The dairy division is poised for healthy growth with new product offerings. We are committed to provide the best product with no preservatives, no added sugars and completely Lactose Free. We are certain that our consumers will love the product as it’s a perfect blend of health and taste.”

Skyrrup’s Greek Yogurt comes in a 400gm pack and is priced at Rs.265/-. The product will be available in all established outlets and on the brand’s e-commerce website www.skyrrup.com. The brand is currently strategizing to broaden its scope by venturing into new territories. This involves the meticulous planning and execution of introducing the product in additional cities beyond its initial launch location. This expansion initiative signifies the brand’s intention to capture a larger market share and connect with a wider audience. The process of extending the product’s availability to various cities entails a comprehensive approach, including market research, logistical preparations, and targeted marketing efforts to ensure a successful and impactful entry into each new location.

New Delhi, 18th August 2023 –JD Institute of Fashion Technology is thrilled to present the upcoming extravaganza, “iFestival”. Get ready for an exceptional experience as India’s grandest student design festival arrives! Powered by JD Institute of Fashion Technology, a division of JD Image Promotions Ltd, this spectacular event is scheduled at JLN Indoor Stadium in Delhi on August 18th-19th. Immerse yourself in the fashion world, draw inspiration from iconic fashion figures, witness captivating shows at TFA – The Fashion Awards, explore innovative interior exhibits at Exhibit X, and embrace avant-garde artistry at Camp 11820. This vibrant celebration of art, culture, and design is unmissable. Grab your tickets now for an unforgettable rendezvous with personalities like Rannvijay Singha, Prats Official, and Bella.

Distinguished by the presence of personalities celebrated for their exceptional accomplishments, the occasion will be graced by a group of dignitaries, each hailing from diverse fields. This august gathering will be further elevated by the esteemed participation of His Excellency Mr. Jason K.M. Hall, High Commissioner of Jamaica, and His Excellency Mr. Javier Manuel Paulinich Velarde, Ambassador of Peru, who will impart an international allure to the event. Infusing the gathering with a tapestry of cultural richness, Ms. Vanessa Espinosa, Head of Cultural Affairs at the Embassy of Mexico, is set to be a captivating presence. The event will also be graced by prominent government officials including Mahaveer Sanghvi, Joint Secretary of the Ministry of External Affairs, and Dr. Roopak Vashisht, CEO of AMHSSC, thus creating an environment that resonates with an air of accomplished distinction.The inauguration of the event will be graced by Rajeev Sethi, a distinguished Indian designer, scenographer, and art curator

Crafted with the aim of igniting inspiration and unleashing the vast potential of Indian students and recent graduates, this two-day extravaganza is a testament to the power of art, culture, and design. iFestival 2023 serves as a platform that highlights the ingenious creativity and intellectual prowess of artists, designers, and innovators, paving the way for fresh horizons in the journey ahead.

The event comprises three exciting sub-categories, each catering to different aspects of the design world:

1. TFA – The Fashion Awards: a dynamic occasion that acknowledges and honors trailblazers and style luminaries representing a range of backgrounds. The lineup includes four exclusive fashion presentations starring the gifted students of JD Institute of Fashion Technology. These runway displays are set to be a focal point of the event, spotlighting the inventiveness, ingenuity, and distinct aesthetics of the up-and-coming designers. Experience firsthand the definitive fashion choices of India’s youth as they embrace their personal flair and exhibit their one-of-a-kind expression

2. Exhibit X: embark on a journey into a realm of creativity and ingenuity as the exhibition unveils prototypes, installations, and models meticulously crafted by the aspiring designers of JD Institute. Across the span of two days, you’ll immerse yourself in the realm of thought-provoking concepts and ideas presented by these exceptionally gifted individuals. Engage in stimulating dialogues with design luminaries and alumni, delving into discussions that contemplate the trajectory of design and its inherent responsibilities in shaping the future

3. Camp 11820: An enclave for artists and painters to exhibit their unconventional creations and visionary concepts, bound to captivate the audience’s imagination. Engaging industry experts have crafted their distinctive design narrative within this creative realm, resulting in a captivating showcase of imaginative brilliance and artistic ingenuity.

Filled with anticipation, Ms. Rupal Dalal, Managing Director of JD Institute of Fashion Technology, shared her enthusiasm, remarking, “We are thrilled to introduce iFestival, a vibrant fusion where fashion, art, and creativity intertwine harmoniously. We extend a warm invitation to join us in this magnificent celebration that transcends conventional limits, honoring the dynamic essence of innovation. Through captivating showcases, enlightening workshops, and entrancing exhibits, iFestival offers a captivating voyage into the realm of design. Embrace an unparalleled encounter that reshapes the horizons of imagination. The Institute also provides financial support to two remarkable alumni for the establishment or expansion of their ventures, facilitated by the RC Dalal Memorial Award and the Chandrakant Dalal Memorial Award.

iFestival Fashion 2023 goes beyond traditional confines to present an encounter that flawlessly amalgamates art, fashion, and creativity. Featuring standout live performances, meticulously designed zones, and an homage to timeless artistic expression, alongside fostering active student participation, this occasion is poised to reshape our perception of fashion.

Like all new technologies, ChatGPT, Google Bard, Microsoft Bing Chat, and other Generative AI services come with classic trade-offs, including innovation and productivity gains vs. data security and safety. Fortunately, there are simple measures that organizations can take to immediately protect themselves against inadvertent leak of confidential or sensitive information by employees using these new apps.

The use of Large Language Models (LLMs) like ChatGPT has become very popular among employees, for example when looking for quick guidance or help with software code development.

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Unfortunately, these web scale ‘productivity’ tools are also perfectly set up to become the single largest source of accidental leaks of confidential business data in history – by an order of magnitude. The use of tools like ChatGPT or Bard make it incredibly easy to inadvertently submit confidential or privacy-protected information as part of their queries.

How Check Point Secures Organizations who use services like ChatGPT / Google Bard /Microsoft Bing Chat

Many AI services state that they do not cache submitted information or use uploaded data to train their AI engines. But there have been multiple incidents specifically with ChatGPT that have exposed vulnerabilities in the system. The ChatGPT team recently fixed a key vulnerability that exposed personal information including credit card details, and chat messages.

Check Point Software, a leading global security vendor, provides specific ChatGPT/Bard security flags and filters to block confidential or protected data from being uploaded via these AI cloud services.

Check Point empowers organizations to prevent the misuse use of Generative AI by using Application Control and URL Filtering to identify and block access to block the use of these apps, and Data Loss Prevention (DLP) to prevent inadvertent data leakage while using these apps.

New AI Category Added

Check Point provides URL filtering for Generative AI identification with a new AI category added to its suite of traffic management controls (see images below). This allows organizations to block the unauthorized use of non-approved Generative AI apps, through granular secure web access control for on-premises, cloud, endpoints, mobile devices, and Firewall-as-as Service users.

In addition, Check Point’s firewalls and Firewall-as-a-Service also include data loss prevention (DLP). This enables network security admins to block the upload of specific data types (software code, PII, confidential info, etc.) when using Generative AI apps like ChatGPT and Bard.

Check Point customers can turn on fine-grain or broad security measures to protect against the misuse of ChatGPT, Bard, or Bing Chat. Configuration is done quickly with a few clicks through Check Point’s unified security policy (see images below).

If organizations don’t have effective security in place for these types of AI apps and services, their private data could become an inherent part of large language models and their query responses – in turn making confidential or proprietary data potentially available to an unlimited number of users or bad actors.

Protecting against Data Loss

Because of the explosive popularity of these services, organizations are looking for the best ways to secure their data by either blocking access to these apps or enabling safe use of Generative AI services. An important first step is to educate employees about using basic security hygiene and common sense to their queries. Don’t submit software code or any information that your employer would not want shared publicly. The minute the data leaves your laptop or mobile phone, it is no longer in your control.

Another very common but honest mistake is when employees upload a work file to their personal Gmail account so they can finish their work from home on their family’s Mac or PC. Employees also unwittingly post documents to their team members’ personal Google accounts. Unfortunately, by sharing access to documents with non-organizational/corporate accounts, employees are inadvertently making it a lot easier for hackers to access their company’s confidential data.

Check Point Research Analyzes the Use of Generative AI to Create New Cyber Attacks

Since the commercial launch of Open AI’s ChatGPT at the end of 2022, Check Point Research (CPR) has continuously analysed the safety and security of popular generative AI tools. Meanwhile, the generative AI industry has focused on promoting its revolutionary benefits while downplaying security risks to organizations and IT systems. Check Point Research (CPR) analysis of ChatGPT4 has highlighted potential scenarios for acceleration of cyber-crimes. CPR has delivered reports on how AI models can be used to create a full infection flow, from spear-phishing to running a reverse shell code, backdoors, and even encryption codes for ransomware attacks. The rapid evolution of orchestrated and automated attack methods poses serious concerns about the ability of organizations to secure their key assets against highly evasive and damaging attacks. While OpenAI has implemented some security measures to prevent malicious content from being generated on its platform, CPR has already presented how cyber criminals are working their way around such restrictions.

Check Point continues to stay on top of the latest developments in Generative AI technology including ChatGPT4 and Google Bard. This research plays a key part in determining the most effective mechanisms for preventing AI-driven attack techniques.

Bangalore, India and Mahwah, New Jersey, 18th August 2023 Glenmark Pharmaceuticals Ltd. (Glenmark), a research-led, integrated, global pharmaceutical company has received final approval by the United States Food & Drug Administration (U.S. FDA) Tacrolimus Ointment, 0.03%, the generic version of Protopic1 Ointment, 0.03%, of Leo Pharma AS. Glenmark’s Tacrolimus Ointment, 0.03%, will be distributed in the U.S. by Glenmark Pharmaceuticals Inc., USA.

According to IQVIATM sales data for the 12-month period ending June 2023, the Protopic® Ointment, 0.03% market2 achieved annual sales of approximately $15.4 million*.

Glenmark’s current portfolio consists of 184 products authorized for distribution in the U.S. marketplace and 51 ANDA’s pending approval with the U.S. FDA. In addition to these internal filings, Glenmark continues to identify and explore external development partnerships to supplement and accelerate the growth of its existing pipeline and portfolio.

Bangalore, 17th August 2023 – PMJ Jewels, South India’s most beloved fine jewellery brand, a name synonymous with elegance and craftsmanship, today launched their much-awaited “SITARA Collection” at their biggest and grandest Solitaire Exhibition in their flagship store at Jayanagar, Bengaluru. The exhibition starting from 16th of August will conclude on 20th of August.

The five-day exhibition will showcase various collections of PMJ Jewels including the newly launched SITARA Collection. The SITARA Collection represents a culmination of artistry, innovation, and heritage in designer diamond jewelry. Showcasing a range that has never been witnessed before, the collection is a testimony to PMJ Jewels’ commitment to delivering timeless pieces that reflect the grandeur of special occasions. From intricately designed necklaces to mesmerizing bracelets, each piece in the SITARA Collection narrates a story of love, beauty, and luxury.

SITARA collection was first show cased on Times Square followed by the grand launch at Hyderabad.
Dr. Apoorva Pallam Reddy, Chief Guest for the event, expressed her excitement about the launch and exhibition stating, “I am truly honoured to unveil the exquisite SITARA Collection of PMJ Jewels at their biggest Solitaire jewellery exhibition happening at their flagship store in Jayanagar, Bengaluru. This collection represents the epitome of beauty and craftsmanship, and I am sure it will be a source of joy to all solitaire jewellery lovers. Super Star Mahesh Babu’s daughter Sitara becoming the face of this special collection is also a remarkable milestone for PMJ Jewels. I am super excited to be a part of this special occasion and also witness the magnificent solitaire creations handcrafted for posterity. I congratulate PMJ Jewels on their remarkable endeavour and wish them great success.”

Sharing his excitement amount the launch, Amey Karwarkar, PMJ Jewels Solitaire Head Senthil Kumar, PMJ South Director said, “The SITARA Collection is the result of meticulous craftsmanship and a deep understanding of our customers’ desires. We are excited to bring forth a range that is not only visually stunning but also emotionally resonant. Each piece is a masterpiece, representing the journey of a lifetime. We are also happy to be launching this collection at our biggest Solitaire Exhibition. The 5 day exhibition will showcase solitaires which carry a promise that resonates culture, traditions and generations”.

The launch of the new SITARA Collection and Solitaire exhibition promises to be a visual treat, presenting guests with an opportunity to witness the fusion of tradition and modernity, all captured within the brilliance of diamonds. The Solitaire Exhibition will showcase an array of dazzling solitaires, each possessing the power to captivate hearts and light up any occasion.

As a part of this auspicious occasion, the UB city Store of PMJ Jewels located at the 3rd floor of Park West Building, Vittal Mallya Rd, Bengaluru, UB City Mall, Bangalore will re-open welcoming the loyal jewelry enthusiasts of Bengaluru.

Hyderabad, 17th August 2023: Brightcom Group (NSE: BCG | BSE: 532368), the AdTech major, has put forward strong first-quarter results for the quarter ending June 30, 2023. The Board of Brightcom Group met on 14th August, 2023, to take stock of the first quarter earnings of the company.

THE HIGHLIGHTS

• The company reported a strong quarter ended June 30, 2023 with consolidated revenues of Rs. 1690.32 crores (Rs. 1,480.61 crores for QE June 30, 2022) and PAT of Rs. 321.47 crores for Q1 FY23-24 (Rs.277.24 crores for Q1 FY 22-23).
• Consolidated revenues for Q1 rose by 14.16%Y-o-Y and PAT for Q1 rose by 15.96% Y-o-Y. Notably, EBITDA for Q1 also rose by 14.49% Y-o-Y (Rs.518.19 crores for Q1 FY 2023-24 compared to Rs.452.65 crores for FY 2022-23).
• The EPS is 1.59 for Q1 2023-24 compared to1.37 in Q1 2022-23, about 16% increase.
• The company’s Return on Equity(ROE), calculated on an annualised basis, is approximately around 17.6%.
• The company’s consolidated tax rate across all geographies in this quarter was 27.89%.
• We have achieved operating cash flow of approximately Rs.148.48 crores in the last quarter.

The Main Drivers of Revenue were:

• Continuing to build Client Reach across Geographies.
• The introduction of new products such as ‘Audio Ads’.
• On the demand side, this quarter, the company added:-

3 New Ad agencies, 12 new direct advertisers, 4 new newspaper relationships: for ‘Blocal’ exchange – our news platform.

• Adapting to new trends and embracing the ongoing changes in the mix of Performance vs CPM Ads.
• The company announced the successful partnership with ‘LoopMe’ (https://loopme.com/), putting Brightcom Group in a position to increase its reach and expertise in the field of digital advertising and once again fortify its position in the industry.
• In order to accelerate business growth synergistically and drive APAC as an epicenter of future business growth, we have begun efforts to establish a significant office presence in key Asia Pacific hubs, such as Kuala Lumpur or Hong Kong, and to look for strategic partnerships with compatible associates in the region.

UPDATE

•    Etai Eitany and Roni Gelman to attend DMEXCO2023 (https://dmexco.com/) in Cologne, in September.
• We are attending the DIGIDAY Publishing Summit (https://digiday.com/digiday-publishing-summit-september-2023- in event/) in Miami this September with Ezequiel Moschcovich, VP Business Development, and Assaf Sassoon, Head of Sales.
•    Introducing our newest senior additions, David Ben-Dov and Inbar Levy in Ad Operations in Israel.
•    Ms. Neha Pamnani, a practicing company secretary, was appointed as the Secretarial Auditor of the Company for the financial year 2022–23.
•  Introduction of the planning process of SLRP(strategic long-range planning) at intervals of 6 or 12 months. Peshwa Acharya, President -Group Strategy, and Narayana Raju, CFO to set this process in motion.

CONFERENCE CALL DETAILS

Brightcom Group will host a conference call on August 20^th, 2023, Sunday at 4.00PM Indian Standard Time to discuss the financial results. Call-in details will be available from the Investor Relations page of the company’s website at: http://brightcomgroup.com/investors/

Hyderabad/New Delhi, 17th August 2023: SBI Card, India’s largest pure-play credit card issuer, announced that Mr. Abhijit Chakravorty has taken charge as the company’s new Managing Director and Chief Executive Officer, effective 12^th August 2023. Mr. Chakravorty has taken over from Mr. Rama Mohan Rao Amara, who is returning to the bank after successfully leading SBI Card for over two and a half years.

Mr. Abhijit Chakravorty is a Deputy Managing Director with the State Bank of India. With a rich experience of 34 years in the banking sector, he has adeptly worked with various divisions of the bank that include retail and corporate banking, overseas operations, and IT infrastructure.

Commenting on the development Mr. Dinesh Kumar Khara, Chairman, State Bank of India said, “We are delighted to welcome Mr. Abhijit Chakravorty as the new MD and CEO of SBI Card. He has a rich and diverse experience as a banker and has a strong track record in various strategic and leadership positions that he has held over the years with SBI. We congratulate him for his new role and wish him all the best. We are confident that he has the right vision and strategic approach to steer SBI Card towards new milestones of success.”

Expressing his enthusiasm as he assumes his new role, Mr. Abhijit Chakravorty, Managing Director and CEO, SBI Card shared, “I am pleased to be a part of SBI Card and look forward to being one of the contributors in its journey of success. The company has shown great resilience and grown exceptionally over the years. The credit card industry continues to offer immense growth opportunities and I look forward to working closely with my colleagues at SBI Card to take advantage of this vast potential, with a sharp focus on achieving sustainable and profitable growth.”

Prior to joining SBI Card, Mr. Chakravorty was leading the IT operations of the customer facing channels and payment systems as Chief General Manager (Channels & Operations) at the Global IT Centre of SBI. One of his previous assignments with the bank include his long stint with Commercial Credit Group of SBI where he was involved in high value corporate lending. Mr. Chakravorty has led the operations of SBI in Bangladesh as CEO and Country Head. He has also served at SBI’s Hongkong branch.

Mr. Chakravorty is a postgraduate in Applied Chemistry and is a Certified Associate of the Indian Institute of Bankers (CAIIB).