BLR Airport Implements IoT Solution for Real-Time Cold Chain Visibility
Kempegowda International Airport, Bengaluru (KIAB/ BLR) has implemented an Internet of Things (IoT) based solution to monitor temperature-controlled cargo for real-time supply chain visibility.
The solution will not only benefit the pharmaceutical and perishable food industry in Bengaluru, but also play a part in strengthening BLR Airport’s reputation as South India’ s preferred Cargo Gateway.
The TAGBOX-developed technology will provide shippers and agents real-time temperature data of the shipment from the time it leaves the warehouse to the point it is loaded onto an aircraft at BLR Airport. The battery-powered Tag360 sensor, attached to each small SKU, box, or pallet tracks the product’s temperature, at every step of the journey. Shippers and agents can monitor the end-to-end health of their products through a central monitoring dashboard via a web or mobile interface.
Amazon Scores Big Win as Supreme Court Blocks Reliance-Future Deal
The Supreme Court has ruled in favor of e-commerce giant Amazon in its legal battle against the proposed Rs 24,713-crore merger deal between Future Retail Limited and Reliance Retail.
Amazon and Future have been locked in legal battles over the Reliance-Future Retail deal, with the US firm accusing the Indian group of violating pre-existing contracts when it sold its assets to Reliance. Future has denied any wrongdoing.
A two-judge bench of the Supreme Court said that a decision by a Singapore arbitrator in October—that put the Reliance-Future deal on hold after finding merit in Amazon’s objections—was valid and applicable in India. Amazon had argued that the order is binding, while Future had argued it was not. Both sides agreed to use the Singapore arbitrator in case of disputes when they entered into a $200-million deal in 2019.
ACI Worldwide Strengthens Alliance with Microsoft for Payments Platform in the Cloud
ACI Worldwide, a global provider of real-time payments and digital payment software solutions, has announced a multi-year strategic alliance with Microsoft to deliver payments solutions in the cloud. The alliance will accelerate and expand ACI’s cloud payments offerings in Microsoft Azure as more financial institutions (FIs) embrace digital transformation.
With global demand for SaaS-based payment offerings increasing, ACI and Microsoft will closely collaborate on innovations that empower FIs to launch new solutions, add new services to their existing platforms and deliver those new capabilities more quickly and with greater agility. They will also provide FIs greater efficiency of operations, scalability, data protection, data sovereignty and better user experiences—ultimately creating new revenue streams.
