Business Wire India

BPTP Limited announces the award of the construction contract for its residential development, Downtown 66 in Sector 66, Gurugram, to NCC Limited.

 

The contract, valued at approximately INR 488 Crore, pertains to civil structure and finishing with a total construction area of approximately 1,79,302 Sq.mtr. The scope of work includes towers, and other amenities, aligned with approved project plans and defined project specifications.

 

Commenting on the development, Manik Malik, CEO & President, BPTP Limited, said: “BPTP has awarded the construction contract for Downtown 66 to NCC Limited an established player in the construction sector. This engagement reflects our strategic emphasis on partnering with seasoned contractors for project execution, aligned with design imperatives and project requirements.”

 

Located along Golf Course Extension Road, Downtown 66 forms part of BPTP’s development portfolio in Gurugram. The project is planned with a focus on modern design, holistic and multi-generational living, sustainability, connectivity, and occupier requirements, and is being developed in compliance with applicable laws, approvals and regulatory framework.

 

Downtown 66 is envisioned to bring together design-led planning, sustainability discipline and engineering integration. The project includes collaboration with global and domestic consultants, including AEDAS Singapore (Principal Architect & Interior Design), Coopers Hill Singapore (Landscape), Nulty Studio Dubai (Lighting), End Point Dubai (Signage), GreenTree (Green Building), Manish Consultant (Structural Proof), BES (Façade), RSMS (Building Bye-laws), ATN Consultants (Kitchen Design), Sanelac (MEP), RWDI (Wind Tunnel), and Proion (Fire Safety). The development is being planned in alignment with India’s highest seismic considerations of Zone V for high-rise structures, viz-a-viz Zone IV as stipulated by Indian Codes and has received IGBC Platinum pre-certification, based on current design parameters.

 

NCC Limited has extensive experience across residential, commercial and infrastructure developments and will lead project execution in line with the defined scope of work. NCC is also engaged by other real estate developers in the region for their marquee residential and commercial projects.

Business Wire India

Omdia forecasts that V (formerly VIDAA), the smart TV operating system developed by Hisense, is set to overtake LG’s webOS in European shipments in 2025, signaling a significant shift in the competitive dynamics of the smart TV market.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260415032885/en/

 

 

 

VIDAA’s rapid growth has been driven by the strong momentum of Hisense and its expanding footprint across Europe. The company has significantly increased its market share in recent years, supported by competitive pricing, broader distribution, and high-profile global marketing campaigns.

 

This growth is now translating into platform scale. Omdia data shows VIDAA steadily closing the gap with LG’s webOS, with shipments expected to surpass it this year.

 

 

“The European TV OS market is undergoing a structural shift,” said Maria Rua Aguete, Head of Media and Entertainment at Omdia. “Chinese manufacturers like Hisense and TCL are not only gaining share in hardware, but are now scaling their own platforms, challenging the long-standing dominance of Korean players.”

 

 

While Android TV continues to lead the market, benefiting from broad adoption across multiple brands, the competitive landscape is becoming increasingly fragmented. Both LG’s webOS and Samsung’s Tizen have seen gradual declines in share as alternative ecosystems gain traction.

 

 

The rise of VIDAA reflects a broader industry trend, with Chinese TV brands gaining ground on Korean manufacturers in both shipment volumes and platform influence, reshaping the smart TV ecosystem in Europe.

 

 

“Samsung and LG have built large installed bases over the past decade, reaching tens of millions of households,” said David Tett, Principal Analyst at Omdia. “However, Chinese vendors are rapidly expanding their installed base, driven by strong shipment growth across Europe.”

 

 

This increasing fragmentation presents new challenges for advertisers and content providers. As audiences spread across multiple platforms, achieving scale will require more sophisticated, multi-platform strategies.

 

 

At the same time, new entrants such as Titan OS are gaining traction, highlighting how quickly the European TV operating system landscape is evolving.

 

 

ABOUT OMDIA

 

 

Omdia, part of TechTarget, Inc. d/b/a Informa TechTarget (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, make our market intelligence our clients’ strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260415032885/en/

 

Business Wire India

Riskified (NYSE: RSKD), a leader in ecommerce fraud and risk intelligence, today announced an innovation-led partnership with Rue Gilt Groupe (RGG), a premium and luxury off-price ecommerce company, to implement risk-aware identity intelligence to transform RGG’s customer experiences. By integrating Riskified’s real-time identity risk scores directly into customer service workflows, RGG is enabling agents to instantly distinguish between loyal members and professional abusers, delivering a better experience for trusted customers while surgically mitigating losses from fraud and abuse.

 

For years, Customer experience (CX) leaders have faced a difficult compromise: offer instant resolution to drive loyalty or implement rigid rules to stop the rising tide of fraudulent refund claims and return abuse. This challenge is amplified by the rise of Generative AI, which has scaled the opportunity for exploitation through synthetic identities, doctored photos, voice spoofing, and increasingly persuasive social engineering scripts.

 

 

Riskified identity intelligence addresses this gap by extending the company’s policy abuse prevention capabilities, including Policy Protect, into customer service workflows, directly within the CRM or service console agents use. By leveraging an identity engine that parses more than 5 billion historical transactions across our global merchant network, this identity clustering solution provides a high-confidence view of the unique individual behind every email, order, account, address, claim, and phone number. Of identities with multiple claims, 13% have activity across more than one merchant, and those identities are associated with 7x more accounts on average than identities with no claims. This makes a network view of identity critical for detecting repeat and coordinated abuse.

 

 

When a customer contacts a service center with a refund claim or a high-risk request such as a package reroute, agents are provided with a real-time identity risk score. This gives agents immediate visibility into risk signals and the trustworthiness of the individual behind the request, helping them make faster and more accurate decisions in the moment. As more large enterprises deploy AI agents on the front lines of customer service, real-time identity risk becomes even more important. It helps prevent manipulation and abuse while reducing false positives that can negatively impact customer satisfaction.

 

 

“When you know exactly who you’re dealing with, you no longer have to choose between protecting the business and delighting the customer. Riskified’s identity intelligence improves our ability to do both,” said Maria Vargas, SVP of Member Experiences at Rue Gilt Groupe. “By bringing Riskified’s risk and identity insights directly into our Zendesk service console, we are giving our frontline teams the confidence to fast-track our most valuable members for instant resolution, while applying the necessary friction to deter serial abusers who hide behind fake or stolen accounts.”

 

 

Riskified identity intelligence is already delivering significant operational impact. Merchants using Riskified’s Policy Protect solution have seen up to a 30% reduction in complaint rates and in several instances a 7-figure reduction in refund and return costs by automating decisions for low-risk identities and providing clear guidance on higher-risk cases.

 

 

This reflects how concentrated policy abuse can be. Using Riskified Policy Protect, Ring, Amazon’s smart home security system, was able to determine that 600 individuals were responsible for $4M+ in abuse each year, with some committing as much as $150K annually. This demonstrates how a small group of repeat offenders can drive outsized losses. Read Amazon Ring’s success story here.

 

 

“The future of retail hinges on delivering fast, exceptional experiences to loyal customers while protecting against increasingly sophisticated abuse,” said Jeff Otto, Chief Marketing Officer at Riskified. “Our partnership with Rue Gilt Groupe represents the next evolution of CX. With risk-aware identity intelligence, service teams, both human and AI, can instantly reward trusted customers and accelerate resolution, while stopping bad actors. Every interaction is powered by network-scale intelligence to maximize lifetime value and prevent leakage.”

 

 

Join the webinar, The Risk-Aware CX Revolution, live on Tuesday, April 23, 2026, or on demand. Learn how Riskified identity intelligence gives customer service teams real-time insight into who they’re interacting with, helping merchants fast-track trusted customers, block serial abusers, and protect revenue, and how Rue Gilt Groupe transformed its customer service workflow.

 

 

About Rue Gilt Groupe

 

 

Rue Gilt Groupe is the premier off-price e-commerce portfolio company, connecting more than 35 million members with coveted designers at an exceptional value. Two complementary brands, Rue La La and Gilt, utilize world-class merchandising, technology and marketing to strategically support our brand partners and inspire members daily. Our approach to retail brings excitement to online shopping and the best-in-class experience that today’s customers demand.

 

 

About Riskified

 

 

Riskified (NYSE:RSKD) empowers businesses to unleash ecommerce growth by outsmarting risk. Many of the world’s biggest brands and publicly traded companies selling online rely on Riskified for guaranteed protection against chargebacks, to fight fraud and policy abuse at scale, and to improve customer retention. Developed and managed by the largest team of ecommerce risk analysts, data scientists, and researchers, Riskified’s AI-powered fraud and risk intelligence platform analyzes the individual behind each interaction to provide real-time decisions and robust identity-based insights. Learn more at riskified.com.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260415885217/en/

 

Business Wire India

 

Following its 2026 Annual Member Summit, AMGTA today released Additive Manufacturing in Resource-Efficient Manufacturing Systems, an independent report establishing how additive manufacturing should be evaluated, communicated, and deployed across part, system, and enterprise levels.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260415976875/en/

 

 

 

The report establishes a structural argument for how additive manufacturing should be evaluated — not at the part level alone, but across part, system, and enterprise levels where AM’s most significant advantages in resource efficiency, supply chain resilience, and capital allocation actually materialize. It draws on six years of sustained observation across both sides of the AM ecosystem — technology developers and manufacturing users — producing findings that neither side could reach from its own position. It is designed for use in investor presentations, policy discussions, procurement conversations, and organizational decision-making.

 

The report was presented to and discussed with AMGTA’s global membership at the 2026 Annual Member Summit, held April 13 in Boston, alongside the companion Strategy 2030 document.

 

 

Standard cost comparisons of additive manufacturing against conventional manufacturing capture the same direct production costs on both sides while systematically excluding costs that conventional manufacturing embeds as invisible background — tooling capital committed before demand is known, inventory carrying costs, minimum order quantity waste, and obsolescence write-offs. The result is a structural bias that makes AM appear more expensive than a complete evaluation would show.

 

 

The report identifies this as a framing and measurement problem, not a technology problem, and provides the evaluative structure organizations need to conduct complete comparisons across all three levels at which AM creates value.

 

 

As the only global, independent organization focused exclusively on the intersection of additive manufacturing and resource-efficient manufacturing systems — with no equipment to sell, no materials to promote, and no national interest to advance — AMGTA occupies a structural position no other organization holds. This report could not have been produced by a technology provider without reading as advocacy, or by a manufacturer without reading as justification. It required the vantage point of both sides simultaneously.

 

 

“The technology is proven. But the current adoption curve doesn’t reflect it—and one major reason is that the industry has been evaluating AM against a standard that was never designed to capture what AM actually changes,” said Sherri Monroe, Executive Director of AMGTA. “This report is the result of six years of watching that gap play out across industries, applications, and geographies. It is the argument the industry has needed and that only an organization with no commercial interest could make.”

 

 

“When I founded AMGTA, the goal was to create something the industry didn’t have: an independent, non-commercial voice that could make the case for AM’s value in the rooms where the real decisions get made,” said Brian Neff, Chair of the AMGTA Board of Directors. “This report is that voice. It makes the argument we’ve been building toward—complete, rigorous, and designed to hold up under scrutiny from finance, procurement, and policy. This is what six years of membership made possible.”

 

 

The report is available at www.AMGTA.org. The companion Strategy 2030 document—What We Do and Why Membership Matters—is available to AMGTA members.

 

 

About the Additive Manufacturer Green Trade Association (AMGTA)

 

 

The Additive Manufacturing Green Trade Association (AMGTA) is the only global, independent organization focused exclusively on the intersection of additive manufacturing and resource-efficient manufacturing systems. Founded in 2019, AMGTA convenes technology developers, manufacturing users, and ecosystem partners across five continents to establish evidence-based understanding of where and how additive manufacturing strengthens resource and operational performance. AMGTA has no equipment to sell, no materials to promote, and no national interest to advance. www.AMGTA.org

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260415976875/en/

 

Business Wire India

• A new report highlights that 31.9% of cigarettes consumed in the Latin America and Canada region are from the illicit market, making it a global hotspot for illicit cigarette consumption, according to Philip Morris International internal estimates and other third-party reports.
• An estimated 77 billion illicit cigarettes were consumed in 2025 across the 11 countries analyzed in the study, resulting in an estimated USD 8.5 billion in lost tax revenues during the year.

 

Philip Morris International (NYSE: PM) today emphasizes the importance of effective policymaking in responding to the growing illicit tobacco trade in the Region of the Americas (excluding the United States), where almost one out of every three cigarettes consumed across 11 countries in the region comes from illegal sources.

 

The results of the study, conducted by KPMG LLP on behalf of Philip Morris Products S.A., reflect that illicit trade is a defining feature of the regional cigarette market. In 2025, an estimated 77 billion illicit cigarettes were consumed across the region, representing 31.9% of total cigarette consumption. The scale of illicit trade highlights the growth of an unregulated parallel economy: the Region of the Americas (excluding the U.S.) has the highest rate of illicit cigarette consumption worldwide, with an incidence more than twice the global average of 15%, according to PMI internal estimates based on industry reports and third-party research studies.

 

 

“Reports like this are relevant not only to highlight the illicit cigarette trade problem, but also to invite authorities to search for solutions, which promote technological innovation, intelligence gathering, and data-driven action,” said Marco Hannappel, President, Latin America & Canada. “Philip Morris International believes partnering with governments can help tackle this problem, and that balanced regulations allowing commercialization of new smoke-free products can end smoking, which would in turn indirectly decrease illicit cigarette trade,” he added.

 

 

Illicit consumption remains resilient and structurally high across the region, showing that extreme regulations and steep and abrupt tax increases can boost the illicit tobacco trade.

 

 

While some governments across the region have imposed heavier taxes and regulations on tobacco products, the current state of illicit trade in the region shows that demand for cheaper products is not disappearing. Instead, it is shifting toward illegal markets, where consumers can find a wide array of illicit cigarettes.

 

 

The implications extend beyond the tobacco sector, as the report estimates that illicit cigarette consumption resulted in an estimated USD 8.5 billion in lost tax revenues across the region in 2025.

 

 

“These are resources that could otherwise fund public goods such as healthcare, education, infrastructure, and enforcement capacity. Instead, they are captured by an illicit market,” said Hannappel.

 

 

Illicit trade is not only a fiscal issue – it is also a public health, security, and institutional challenge. Illegal products bypass controls, expose consumers to unknown risks, and weaken the effectiveness of regulation.

 

 

In several countries, illicit trade has reached levels that displace the legal market. Brazil remains the largest illicit cigarette market in the surveyed region by volume and fiscal impact, while in countries such as Panama and Ecuador illicit products account for more than 80% of consumption, illustrating how illicit trade expands when enforcement, regulation, and market conditions fall out of alignment.

 

 

Philip Morris Products S.A. commissioned KPMG LLP to develop the analysis to contribute data-driven evidence to policymakers, stakeholders, and enforcement authorities across 11 markets in the Region of the Americas, with the aim of supporting more informed public discussion and more effective policy and enforcement responses.

 

 

The 11 countries studied for this analysis are Argentina, Brazil, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Guatemala, Mexico and Panama.

 

 

The report was presented at an event hosted by the Council of the Americas (COA) in Washington, D.C., where experts from government, academia, and the private sector discussed the scale of the challenge and the need for coordinated responses.

 

 

Key Report Findings:

 

 

1. Almost a third of cigarettes consumed in Latin America and Canada are illicit. In 202531.9% of all cigarettes consumed in the region were illicit.
2. A total of 77 billion illicit cigarettes were consumed in 2025 in the 11 countries included in the report across Latin America and Canada. Public enforcement reporting consistently links illicit cigarettes to wider criminal economies, including other contraband and illicit activities.
3. Illicit trade is draining public finances at scale. An estimated USD 8.5 billion in tax revenues was lost in 2025 due to illicit cigarette consumption.
4. Illicit trade proved more resilient than the legal market. Illicit cigarette use declined much less than total cigarette consumption in 2025.
5. Brazil is the largest illicit cigarette market in the region. In 2025, it accounted for 41.8 billion illicit cigarettes, representing 54% of total illicit consumption across the 11 markets.
6. Panama and Ecuador have reached critical levels of illicit consumption. Illicit cigarettes account for approximately 89% of total consumption in Panama and 84% in Ecuador.
7. Illicit Whites (cigarettes that are in most cases legally produced in a country, but with the sole intention of being smuggled into other markets) dominate the illegal market. They represent 73% of all illicit cigarettes, equivalent to approximately 56.5 billion cigarettes.

 

A detailed overview of the results, country profiles and methodology of the study is available here.

 

For more information about PMI’s illicit trade prevention efforts, visit PMI.com.

 

 

Note to editors

 

 

Definitions of illicit cigarette categories, as detailed in the KPMG report:

 

 

• Counterfeit: “Cigarettes that are illegally manufactured and sold by a party other than the original trademark owner.”
• Illicit whites: “Cigarettes that are usually manufactured legally in one country/market but which the evidence suggests have been smuggled across-borders during their transit to the destination market under review where they have limited or no legal distribution and are sold without payment of tax.”
• C&C: “Counterfeit and contraband, including illicit whites. Contraband refers to genuine products that have been either bought in a lower-tax country and which exceed legal border limits or acquired without taxes for export purposes to be illegally re-sold (for financial profit) in a higher priced market.”
• Other C&C: “Other C&C comprises contraband which does not fall within the Illicit Whites definition. It is often duty paid product. There may also be counterfeit of brands that are not trademark-owned by participant manufacturers.”

 

Philip Morris International: A Global Smoke-Free Champion

 

Philip Morris International is a leading international consumer goods company, actively delivering a smoke-free future and evolving its portfolio for the long term to include products outside of the tobacco and nicotine sector. The company’s current product portfolio primarily consists of cigarettes and smoke-free products, including heat-not-burn, nicotine pouch and e-vapor products. Our smoke-free products are available for sale in over 105 markets, and as of December 31, 2025, PMI estimates they were used by over 43 million legal-age consumers around the world, many of whom have moved away from cigarettes or significantly reduced their consumption. The smoke-free business accounted for 41.5% of PMI’s full year 2025 total net revenues. Since 2008, PMI has invested over $16 billion to develop, scientifically substantiate and commercialize innovative smoke-free products for adults who would otherwise continue to smoke, with the goal of completely ending the sale of cigarettes. This includes the building of world-class scientific assessment capabilities, notably in the areas of pre-clinical systems toxicology, clinical and behavioral research, as well as post-market studies. Following a robust science-based review, the U.S. Food and Drug Administration has authorized the marketing of Swedish Match’s General snus and ZYN nicotine pouches and versions of PMI’s IQOS devices and consumables – the first-ever such authorizations in their respective categories. Versions of IQOS devices and consumables and General snus also obtained the first-ever Modified Risk Tobacco Product authorizations from the FDA. With a strong foundation and significant expertise in life sciences, PMI has a long-term ambition to expand into wellness areas. References to “PMI”, “we”, “our” and “us” mean Philip Morris International Inc., and its subsidiaries. For more information, please visit www.pmi.com and www.pmiscience.com.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260415853733/en/

 

Business Wire India

Moody’s Corporation (NYSE: MCO) announced today that, in June, Christina Kosmowski will become Chief Executive Officer of Moody’s Analytics. Ms. Kosmowski brings nearly three decades of enterprise technology experience to the role, with a proven track record of accelerating growth at scale, building enduring customer partnerships, and harnessing innovation to drive business outcomes at some of the world’s leading technology companies.

 

“Christina has spent her career doing something rare: translating cutting-edge technology and analytics into real, scalable business value,” said Rob Fauber, President and Chief Executive Officer of Moody’s Corporation. “That is exactly what Moody’s Analytics customers expect from us as they navigate a rapidly changing and complex operating environment. As AI reshapes the analytics landscape, I am confident that Christina will raise the bar on what it means to be a trusted partner to the businesses and institutions we serve.”

 

 

“Moody’s Analytics sits at a remarkable intersection of proprietary data and deep customer relationships in a moment where AI is fundamentally changing how the world’s most consequential institutions make decisions,” said Ms. Kosmowski. “That combination creates a powerful advantage and a clear opportunity to accelerate innovation. My focus is to ensure every customer can act on that intelligence with confidence and precision, and to build on Moody’s long-standing reputation for rigor and trust in serving our customers. I am honored to lead this exceptional team in building on that foundation and driving the next phase of growth and innovation.”

 

 

Ms. Kosmowski specializes in guiding organizations through periods of rapid growth and centers customer success at the heart of everything she does. She was a founding member of Salesforce’s customer success organization – one of the earliest and most influential models in the technology world – and has spent years building teams and operating models designed to ensure customers realize sustained value from enterprise solutions. Ms. Kosmowski is a proven enterprise technology leader with a track record of building and scaling high-growth businesses at the forefront of industry shifts, including the rise of AI-driven enterprise platforms. She joins Moody’s from LogicMonitor, where she served as Chief Executive Officer, leading the company’s growth strategy and global expansion, and helping enterprises operate complex, data-rich environments and make more informed, real-time operational decisions.

 

 

Before LogicMonitor, Ms. Kosmowski held senior leadership roles at Slack, including Chief Customer Officer, where she built and scaled the Customer Success and Enterprise go-to-market organizations as the company grew to $1 billion in revenue and through its direct listing. She previously spent 15 years at Salesforce, where she led a $4 billion revenue organization and was a pioneer in building the customer success model that helped define the modern enterprise software industry.

 

 

Ms. Kosmowski serves on the board of Nasuni and is a founding partner of Operator Collective, an investment firm focused on the next generation of B2B technology companies. Through her work across operating roles, board leadership and investing, she remains closely connected to the ideas, talent and partnerships shaping the future of enterprise technology and AI.

 

 

She also serves on the Board of Trustees at Northwestern University, where she earned a B.S. in Industrial Engineering.

 

 

About Moody’s Corporation

 

 

In a world shaped by increasingly interconnected risks, Moody’s (NYSE:MCO) data, insights, and innovative technologies help customers develop a holistic view of their world and unlock opportunities. With a rich history of experience in global markets and a diverse workforce of approximately 16,000 across more than 40 countries, Moody’s gives customers the comprehensive perspective needed to act with confidence and thrive.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260413492037/en/