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JS Global Institute G.T Road, Near Ajanta Petrol Pump, Jagraon Ludhiana, 142026 Punjab, India Phone :- +91-1624-226468, Mobile:- +91-98142-64000, 78379-65665 Email:- [email protected]

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Welcome To Jagraon Global Industries

Utilizing modern technology to guarantee quality & timely delivery, committed towards quality products & customer service, our aim always prove to the customers, engineering excellence with full performance capability.

JAGRAON GLOBAL INDUSTRIES, under the guidance of our founder Sh. Varinder Jain, begin its journey in 1977 with establishment of its first steel manufacturing unit of induction furnace with a prime focus on manufacturing of high grades of quality steel. Since then, the founder’s legacy torch has been further carried on by his sons, Mr. Mukal Jain and Mr. Varun Jain and With over three decades of invaluable experience, the company has made great strides to become a renowned name in the segment of special and precision steel industry.

Our own in-house 3D designing and pattern making facility further enhances our ability to meet the ever evolving needs of our customers while maintaining the highest standards of quality and precision.

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Our dedication to excellence permeates every aspect of our manufacturing processes for centrifugal casting and alloy steel sand castings. Our commitment to quality is reflected in our comprehensive quality policy, which guides our actions and decisions to ensure the highest standards are consistently met. We meticulously engineer every component of our casting process, from the selection of raw materials to the refinement of casting techniques.

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Amex Global Business Travel Sees Big Gains From Tech Customers

Dennis Schaal , Skift

May 7th, 2024 at 4:52 PM EDT

Big companies are on the move again, but the business travel growth engine — small- to medium-sized businesses — took a step back because of high interest rates and inflation.

Dennis Schaal

Much of the discussion about business travel revolves around large corporations that have strict managed-travel policies. They require employees to book trips through sanctioned tools and at hotels and airlines that give corporations volume discounts.

In the first quarter, those corporations delivered significant gains for American Express Global Business Travel, the world’s largest travel-management company.

AmexGBT saw strength in transactions from global multinational corporations — tech companies in particular, with 30% growth. Other sectors turned in double-digit growth too, including pharmaceuticals, mining, energy and utilities.

But there was a downside: Small- to medium-sized businesses offer the largest opportunity in winning new business and they showed a decline in transaction growth of 3 percentage points in the fourth and first quarters.

These smaller businesses spend $30 million or less on travel annually and mostly let their employees book wherever they want.

They may not need a travel management company like Amex GBT. What’s more, they’ve been hit hard in recent months by higher inflation and interest costs, leading to tighter travel budgets.

Amex GBT CEO Paul Abbott told analysts during the earnings call Tuesday that of the $900 billion in total transaction value in play in business travel annually, “$300 billion sits with, if you like, professional managed-travel programs, and $600 billion in unmanaged.”

The entire business travel market is worth $1.4 trillion, he said, and “SME is the biggest opportunity within that.”

Amex GBT Is Poised to Acquire CWT in the Second Half of 2024

The earnings call took place with some unfinished business on the agenda — the $570 million acquisition of CWT , which officials said is poised to close in the second half of 2024.

Abbott said the companies’ integration teams are “established.”

He said the acquisition would increase company revenue by one-third and it would have the potential to be a “significant” contributor to earnings in the long run. There would be $155 million in “annual run rate cost synergies,” Abbott said. Meaning layoffs and trimming other redundant operations.

American Express Global Business Travel stated that a recent survey of its top 100 customers found they expect their travel spend to rise 8% in 2024.

Net Loss Narrowed, Positive Free Cash Flow

In the first quarter, the company narrowed its net loss to $19 million from a loss of $27 million in the year-ago period.

Revenue rose 6% in the first quarter to $610 million.

One of the brighter metrics was that free cash flow hit $24 million in the first quarter, up from minus $109 million a year earlier.

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Tags: AmexGBT , business travel , corporate travel , cwt , earnings , hotels , mergers , mergers and acquisitions , Travel Trends

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• MENA region leads global growth in luxury travel, reveals Mastercard Affluent Travel report

• Report highlights the role of high-net-worth travelers in boosting the travel and hospitality industry
• Over a third (38%) of luxury seekers are willing to pay 30-50% more for sustainable travel features 1
• Affluent travelers in the MENA region are power users of loyalty and membership card programs
• GCC tourists are some of the highest spenders, whether vacationing within the region or further afield

Dubai, UAE; 7 May 2024: The Middle East and North Africa (MENA) region has emerged as one of the main regions driving growth in affluent travel, recording high spends, while also displaying an appetite for sustainable eco-luxury and meaningful cultural experiences. Mastercard’s latest report, ‘Affluent Travel: A Middle East Perspective’, released during the Arabian Travel Market 2024, unpacks some of the key trends.

The appetite for new experiences in unexplored destinations, micro-trips and ‘bleisure’ will likely drive the growth of the global luxury travel market, which is expected to grow by 7.9% (CAGR) between 2024 and 2030, according to Grand View Research 2 . While the world awaits the emergence of the first trillionaires, high-net-worth travelers contribute approximately 36% of the global spend on travel as stated in a Jones Lang LaSalle study 3 .

“At Mastercard, we are committed to connecting people to their passion for travel. This report gives a great snapshot of how high-net-worth individuals choose to travel, and it’s wonderful to see sustainability, cultural immersion and purpose as key considerations, along with quality accommodation, seamless technology and loyalty benefits. We will continue to harness the power of partnerships with leading industry players to come up with innovative solutions that unlock access to a whole new world of unparalleled travel experiences,” said Amnah Ajmal, Executive Vice President, Market Development EEMEA, Mastercard.

As per YouGov research, over a third (36%) of luxury travelers say they want to experience different cultures 4 . The combination of business and leisure, or ‘bleisure’, is also resulting in more remote-work trips as digital nomads change the face of travel. Affluent travelers are almost twice as likely as the global average to have taken a vacation as an extension to a business trip 4 . Furthermore, Marriott Bonvoy research also showed that solo travel is being embraced, with 70% of respondents in the UAE and 69% in Saudi Arabia saying they’ve travelled solo 5 .

Seeking out sustainable credentials and authentic eco-luxury

Affluent consumers are keen adopters of the conscious travel trend and place a premium on the authenticity of eco-luxury experiences. These include associating with travel brands that support local communities. Globally, one in 10 consumers have stayed in luxury eco-friendly accommodation in the last three years, compared to five of 10 among 18–34-year-old affluents. According to Euromonitor, a sizeable 38% of luxury seekers are willing to pay between 30% and 50% more for sustainable travel features such as energy-efficient services. A quarter would pay even higher to find less carbon-intensive transport 1 .

Meaningful experiences over material things

The YouGov report notes that this discerning segment places more emphasis on experiences than on physical goods. More than half of affluent travelers, compared to 43% of the global total, prioritize meaningful travel experiences over shopping and souvenirs 4 . Close to a quarter say that they are willing to pay more for a remote destination experience, customized tours to connect with local culture, and eco-friendly resorts 4 .

Personalization, privacy and pampering  

Luxury travelers are prioritizing unique personalized experiences over location. However, they also want their money’s worth in the form of exemplary customer service and pampering. Quality luxury accommodation is a high priority, with 27% saying they would pay more for villas and chalets in secluded and private locations and 21% happy to splurge on luxury stays on a private island 4 . Younger affluent travelers are more likely to pay more for Michelin-starred or unique gourmet experiences. According to Marriott Bonvoy research, light, air, temperature, and sound in future hospitality spaces guided through digital concierges will recognize and respond to guests in real-time, based on mood, schedules, and health requirements.

High-spending loyalty supporters

Based on average spend per card by origin market, GCC travelers are among the highest spenders. According to a 2023 Mastercard Economics Institute report, Kuwaiti tourists, for instance, spend on average of $3,390 per card in Paris, five times as much as their American counterparts. High-net-worth individuals are also power users of loyalty schemes and membership cards – 34% versus the overall average of 24% 6 . Exclusive airport lounges, as well as priority check-in and boarding, are among the most used perks of loyalty membership, highlights the Euromonitor report 1 .

As wealth migrates to younger generations, Millennials (aged 30 to 44 years) now comprise the highest percentage of luxury seekers, followed by Gen Z (aged 15 to 29) 1 . Within the GCC, however, Gen X (aged 43 to 58 years) is expected to make the highest contribution to travel growth, according to Arabian Travel Market 7 . While much of the world is still catching up to pre-pandemic travel levels, MENA is the only region to show airport arrivals at 22% above 2019 numbers. According to the World Tourism Barometer, specific destinations such as Qatar (+90%) and Saudi Arabia (+56%) have contributed to this surge 8 .

To read more about the report, please visit here .

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible. Using secure data and networks, partnerships and passion, our innovations and solutions help individuals, financial institutions, governments and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all. Follow us on Twitter: @MastercardMEA and @MastercardNews

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We Jagraon Global Industries was established in the year 1977 with the guidance of our founder Sh. Varinder Jain. Our organization is striving in this field for numerous years and these years of hard work come in an outstanding way that we are pleased with a wide range of product lines. Since then the company has achieved new heights in the various fields of Paper, Building Material, Cycle Parts, and Allied Products in India and abroad with constant efforts of our team. The company has been recognized as a Star Rated Export House by the Government of India. Our company provides the most reliable & affordable products of high quality and workmanship which match the international Standards through a well-established infrastructure consisting of highly equipped workshop & warehousing facility covering an area of 10000 sq. meters. Our manufacturing unit, M/s. Jagraon Concast PVT. LTD. is a steel furnace which is engaged in the manufacturing of quality iron & steel products for last 25 years.

Our values passionately guide us to cater to the needs of customers who are committed to sustainability but do not want to compromise on quality. As our customer, you will be treated to an efficient and courteous service, with a knowledgeable member of staff whose sole aim is to identify and understand your requirements so that a complete satisfaction can be achieved at your end.

• State-of-the-art infrastructural base
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• Global Business Travel Group -stock
• News for Global Business Travel Group

Here's what Wall Street expects from Global Business Travel Group A's earnings

• Global Business Travel Group A reveals figures for the most recent quarter on May 7.
• Analysts on Wall Street expect Global Business Travel Group A will release earnings per share of $0.016.
• Watch Global Business Travel Group A stock price move in real-time ahead here.

On May 7, Global Business Travel Group A will be releasing earnings Q1.

3 analysts are expecting earnings of $0.016 per share as opposed to losses of $0.030 per share in the same quarter of the previous year.

Analysts are expecting the company to report $624.3 million, an increase of 8.01% over the prior year quarter.

Looking at the full year, Wall Street analysts are expecting a profit of $0.066 per share. In the previous year, there was a profit of $0.250 per share. On average, analysts estimate full-year revenue to be $2.48 billion, compared to $ 2.29 billion in the previous year.

This story was written by Markets Insider's RoboEddy, which automatically writes these stories based on data provided by our partners.

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Itv studios revenues down as impact of hollywood strikes bites, disney stock dips as theme park comments rattle market; cfo cites “global moderation from peak post-covid travel”.

By Jill Goldsmith

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Co-Business Editor

More Stories By Jill

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• CEO Adam Aron On Billie Eilish Listening Event In Theaters Next Week & Renegotiating AMC Entertainment’s Hefty Debt
• New Jersey Approves Massive Studio Complex In Bayonne As State Pushes To Attract Production

Fireworks at Disney ’s first-quarter earnings amid a bitter proxy fight quieted down in the second and the company’s commentary on a call today, especially around the parks business, generated some investor angst and knocked the stock lower.

Disney shares are down nearly 10% late morning at about $105.

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A big surprise — he said Parks growth in the current fiscal third quarter will be flat for a few reasons including “some normalization of post-Covid demand as it relates to demand. While consumers continue to travel in record numbers and we are still seeing healthy demand, we are seeing some evidence of a global moderation from peak post-Covid travel.” Wall Street didn’t quite know what to do with that.

He expects Parks to rebound in the fiscal fourth quarter.

Asked during a Q&A to expand, he said: “In terms of attendance, what we’re basically communicating is, relative to the post-Covid highs, things are tending to normalize. The parks business did 10% growth in the quarter. And obviously, that’s an extremely high revenue number. We still see the bookings as we look ahead indicate healthy growth in the business. So we still certainly feel good about the opportunities for continued strong growth.” He said the Q3 number would be up in the high single-digits backing out one-time expenses.

“I certainly feel like the business is still doing very, very well. Obviously, we’ve got the best in the business in terms of product, and people still have a strong desire to basically go on vacation and come to see us.”

Johnston talked up the cruise business, “given the margin profile of the business, and the fact that it’s got the highest guest satisfaction scores in the company. This leads us to conclude this is a business with a lot of runway left in it, and that’ll deliver great returns to our shareholders.”

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Airbnb forecasts weaker Q2 revenue despite robust demand for international travel (May 8)

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Stocks gain as European shares hit new highs, dollar slips

World stocks edged higher on Thursday, helped by surging European stocks and a larger-than-expected rise in U.S. weekly jobless claims that buoyed interest rate cut hopes, while the dollar eased as the market awaits key inflation data next week.

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World’s top climate scientists expect global heating to blast past 1.5C target

Exclusive: Planet is headed for at least 2.5C of heating with disastrous results for humanity, poll of hundreds of scientists finds

• ‘Hopeless and broken’: why the world’s top climate scientists are in despair

Hundreds of the world’s leading climate scientists expect global temperatures to rise to at least 2.5C (4.5F) above preindustrial levels this century, blasting past internationally agreed targets and causing catastrophic consequences for humanity and the planet, an exclusive Guardian survey has revealed.

Almost 80% of the respondents, all from the authoritative Intergovernmental Panel on Climate Change (IPCC), foresee at least 2.5C of global heating, while almost half anticipate at least 3C (5.4F). Only 6% thought the internationally agreed 1.5C (2.7F) limit would be met.

Many of the scientists envisage a “semi-dystopian” future, with famines, conflicts and mass migration, driven by heatwaves, wildfires, floods and storms of an intensity and frequency far beyond those that have already struck.

Numerous experts said they had been left feeling hopeless, infuriated and scared by the failure of governments to act despite the clear scientific evidence provided.

“I think we are headed for major societal disruption within the next five years,” said Gretta Pecl, at the University of Tasmania. “[Authorities] will be overwhelmed by extreme event after extreme event, food production will be disrupted. I could not feel greater despair over the future.”

But many said the climate fight must continue, however high global temperature rose, because every fraction of a degree avoided would reduce human suffering.

Peter Cox, at the University of Exeter, UK, said: “Climate change will not suddenly become dangerous at 1.5C – it already is. And it will not be ‘game over’ if we pass 2C, which we might well do.”

The Guardian approached every contactable lead author or review editor of IPCC reports since 2018. Almost half replied, 380 of 843. The IPCC’s reports are the gold standard assessments of climate change, approved by all governments and produced by experts in physical and social sciences. The results show that many of the most knowledgeable people on the planet expect climate havoc to unfold in the coming decades.

The climate crisis is already causing profound damage to lives and livelihoods across the world, with only 1.2C (2.16F) of global heating on average over the past four years. Jesse Keenan, at Tulane University in the US, said: “This is just the beginning: buckle up.”

Nathalie Hilmi, at the Monaco Scientific Centre, who expects a rise of 3C, agreed: “We cannot stay below 1.5C.”

The experts said massive preparations to protect people from the worst of the coming climate disasters were now critical. Leticia Cotrim da Cunha, at the State University of Rio de Janeiro, said: “I am extremely worried about the costs in human lives.”

The 1.5C target was chosen to prevent the worst of the climate crisis and has been seen as an important guiding star for international negotiations. Current climate policies mean the world is on track for about 2.7C , and the Guardian survey shows few IPCC experts expect the world to deliver the huge action required to reduce that.

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Younger scientists were more pessimistic, with 52% of respondents under 50 expecting a rise of at least 3C, compared with 38% of those over 50. Female scientists were also more downbeat than male scientists, with 49% thinking global temperature would rise at least 3C, compared with 38%. There was little difference between scientists from different continents.

Dipak Dasgupta, at the Energy and Resources Institute in New Delhi, said: “If the world, unbelievably wealthy as it is, stands by and does little to address the plight of the poor, we will all lose eventually.”

The experts were clear on why the world is failing to tackle the climate crisis. A lack of political will was cited by almost three-quarters of the respondents, while 60% also blamed vested corporate interests, such as the fossil fuel industry.

Many also mentioned inequality and a failure of the rich world to help the poor, who suffer most from climate impacts. “I expect a semi-dystopian future with substantial pain and suffering for the people of the global south,” said a South African scientist, who chose not to be named. “The world’s response to date is reprehensible – we live in an age of fools.”

About a quarter of the IPCC experts who responded thought global temperature rise would be kept to 2C or below but even they tempered their hopes.

“I am convinced that we have all the solutions needed for a 1.5C path and that we will implement them in the coming 20 years,” said Henry Neufeldt, at the UN’s Copenhagen Climate Centre. “But I fear that our actions might come too late and we cross one or several tipping points .”

Lisa Schipper, at University of Bonn in Germany, said: “My only source of hope is the fact that, as an educator, I can see the next generation being so smart and understanding the politics.”

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