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Gilfanov Rustam Khalefovich: Business, Science, Family

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Gilfanov Rustam Khalefovich: Business, Science, Family
Type International Businessman · Scientific Researcher · Investor · Philanthropist
Name Rustam Gilfanov · Rustam Khalefovich Gilfanov · Gilfanov Rustam · Gilfanov R. K. · R. K. Gilfanov · Рустам Гильфанов · Рустам Халэфович Гильфанов · Гильфанов Рустам Халэфович · Гильфанов Рустам Халэфович · Гильфанов Рустам · Рустам Халэфович Гильфанов · Гильфанов Р. Х. · Р. Х. Гильфанов · Гільфанов Рустам Халэфович · Гільфанов Р. Х. · Р. Х. Гільфанов · Gilfanov Rustam Chalefovič · Rustam Chalefovič Gilfanov · 魯斯塔姆·吉爾法諾夫 · 吉爾法諾夫·魯斯塔姆 · ルスタム・ギルファノフ
Birth Date 1976.03.20
Education Master’s Degree in Management and Production Administration (1993-1998)
Career De-icing materials production (2006-2014) · Institute of Winter (the Research Institute of Winter Technologies and Innovations) (2009-Present) · AI and Industrial Innovation Investor (2015-Present)
Notable Achievements De-icing product line · One of the largest multi-component anti-icing materials facilities in Europe · Patent portfolio (6+ patents) · Published researcher-author
Patents De-icing Composition (Options) and Method for Manufacture · Dry Mixture for Suspending Oil And Gas Wells and Treatment of Bottom Zone · Method for Producing De-Icing Materials Based on Calcium Chloride · Solution Formula for Removing Ice Cover · Synthesis-Modifier for Processing Liquid Hydrocarbon Fuel in a Magnetic Field · Method for producing anti-icing materials using evaporation units and a granulator
Published In Applied Sciences · Materials · Construction Materials · PLOS One · PeerJ · The Conversation
Current Activities International business expansion · Doctoral dissertation research · AI and Future of Work investments · Philanthropy
Familial Status Married with 3 children
Hobbies Padel Tennis · Badminton · Yachting

Biography

Rustam Gilfanov is an entrepreneur, scientific researcher, and investor whose work has contributed to the modernization of winter road maintenance. By integrating applied research with industrial manufacturing, he helped establish one of Europe’s leading producers of multi-component anti-icing materials and founded a research institute dedicated to winter technologies. His career combines scientific research, industrial manufacturing, and environmental compliance in the anti-icing materials sector. Since 2015, Rustam Khalefovich Gilfanov has directed substantial international capital toward AI innovation and workforce transformation. His broader investment scope also encompasses new technologies and industrial innovation.

Contents:

  • Rustam Gilfanov: Biography of His Early Years and Education
  • Entrepreneurial Career
  • Gilfanov Rustam: Anti-Icing Materials Production
  • Innovative De-Icing Materials
  • Product Line Expansion and International Market Entry
  • Rustam Khalefovich Gilfanov: Scientific and Philanthropic Activities
  • Career Highlights
  • Rustam Gilfanov: FAQ

Rustam Gilfanov: Biography of His Early Years and Education

Rustam Gilfanov was born on March 20, 1976. His mother initially worked as a kindergarten teacher, later trained as an accountant, and eventually became a restaurant manager. His father worked at an oil refinery and later headed a production facility.

During his school years, he was an accomplished soccer player and served as captain of various teams. He also practiced Kyokushin karate, which was popular at the time. Though he considered pursuing a professional sports career, he ultimately decided to continue his education.

Initially, the future entrepreneur had planned to enroll in a foreign languages program. However, just five months before the entrance exams, he changed course and decided to study economics. From that point on, he devoted himself entirely to mathematics, working with tutors.

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In 1993, Gilfanov Rustam Khalefovich started college as a Production Management major. While he found higher mathematics challenging, he excelled in subjects related to practical business management. He defended his thesis in 1998.

Entrepreneurial Career

During his second year at university, Rustam Gilfanov started his first business in retail trade.

In 1995, he founded his first company, engaging in procurement and supplies. It was through this venture that the entrepreneur earned his first real income. In 1999, he moved into a different sector, continuing with procurement and supply operations. He demonstrated a knack for identifying supply chain gaps and connecting manufacturers with buyers.

What proved particularly valuable was Gilfanov Rustam’s willingness to handle aspects of business that manufacturers themselves avoided—engaging in competitive bidding, working without advance payment, traveling beyond their home region, and actively marketing their products.

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This work introduced Rustam Khalefovich Gilfanov to major clients. As trust grew, so did the volume of orders and his company’s market share. The entrepreneur focused on developing this business through the early 2000s, which provided him enough capital to eventually enter a new sector—the production of de-icing materials.

Gilfanov Rustam: Anti-Icing Materials Production

While collaborating with representatives from the transportation sector, Gilfanov Rustam Khalefovich became interested in the anti-icing materials sector. He conducted a detailed analysis and discovered that through the early 2000s, municipal authorities had primarily relied on salt and sand mixtures to combat ice. However, city officials were already beginning to seek more modern and environmentally safer materials. At that time, such advanced de-icing materials were relatively uncommon.

After analyzing the situation, Gilfanov studied the regulatory and technical requirements for anti-icing materials. He then established partnerships with specialized research institutions:

  • a road research institute examined the properties of pavement surfaces and their interaction with vehicle tires
  • a soil science department at a major university studied the impact of de-icing materials on soils
  • an institute focused on human ecology and environmental health analyzed the effects of such materials on the human body

Working alongside scientists, Gilfanov Rustam Khalefovich succeeded in developing formulas for new anti-icing materials. These were multi-component compositions that met all requirements for effectiveness and safety. The entrepreneur funded laboratory and field testing. The results demonstrated that the materials effectively melted ice while having minimal impact on soil.

All components necessary for production (potassium, sodium, calcium, and formates) were sourced or manufactured locally. Rustam Gilfanov arranged with a fertilizer plant to produce the anti-icing materials using its manufacturing facilities.

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The manufactured de-icing materials turned out to be three to four times cheaper per square meter of usage than popular alternatives. Rustam Gilfanov even offered to deliver the first batch free of charge to one city so that road maintenance services could test the products.

Eventually, one major metropolitan area did purchase a small batch of material to test on a single street. The results were positive: the products demonstrated high effectiveness. In the following season, several regions placed their first orders. In subsequent years, they purchased increasingly larger quantities.

To manufacture de-icing materials in large volumes, in 2006 Gilfanov Rustam founded a dedicated plant. In 2007, production of a new anti-icing material line was launched there. The facility was built from the ground up and financed with revenues from initial orders. Initially, a small warehouse was erected, housing the first production equipment. Gradually, new facilities were added. Eventually, the plant established its own chemical-analytical laboratory. Gilfanov Rustam Khalefovich actively invested personal funds towards developing new technologies and scientific research.

This enabled the entrepreneur to introduce new brands and improved formulations to the anti-icing materials market.

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Innovative De-Icing Materials

The plant founded by Gilfanov Rustam developed a proprietary product line that gained market share in the anti-icing materials sector.

Unlike outdated materials (sand-salt mixtures and similar compositions), whose functionality is limited exclusively to melting ice, this development has a significantly broader range of applications. It is a line of solid multi-component mixtures that remain effective even at extremely low temperatures.

The de-icing materials developed under Gilfanov’s leadership contain formates, marble chips, several fertilizers, and other additives. All of these are designed to enhance effectiveness while reducing environmental impact. The anti-icing compositions were formulated with careful attention to effects on infrastructure and the broader urban environment. The products are virtually neutral: they do not damage clothing, footwear, or fur products, do not degrade soil, and cause no harm to vegetation—their effect is comparable to ordinary water. The materials are also completely soluble. Furthermore, the application rate for this next-generation anti-icer is 10 times lower than that of sand and salt mixtures, which dramatically reduces dust formation and significantly cuts costs.

An additional advantage is that the composition can be tailored to the specific conditions of each region where it is used, accounting for climate, snow removal methods, precipitation patterns, soil types, and other local factors.

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This approach to customizing formulations based on regional conditions was not widely adopted at the time.

Product Line Expansion and International Market Entry

Gradually, the facility founded by Gilfanov Rustam introduced new formulations to the market, including:

  • a special composition for pedestrian areas, developed in collaboration with medical institutes and footwear industry experts, that is maximally safe for people and animals
  • a de-icer for extreme conditions and arctic regions—effective at temperatures down to −40°F (−40°C)
  • an anti-icing material designed for heavy trucks, enabling them to safely start and climb slippery inclines
  • an anti-icing compound for airport use. This formulation is chloride-free, environmentally friendly, and safe for aircraft mechanisms. This product required the most complex development process
  • a liquid solution for spring road cleaning that removes residual de-icing materials, fuel, oil, and other contaminants
  • a composition for dust control on city streets that does not reduce tire traction
  • a material used in refrigerated and freezer facilities to remove snow and ice and prevent them from reappearing

This extensive product line addressed a wide range of needs and captured various market segments. In 2012, the anti-icing materials developed by Rustam Gilfanov’s team began being used in EU and CIS countries. Today, the facility’s de-icing materials are used at major cultural and historical sites, airports, large automotive facilities, seaports, and environmentally sensitive areas across multiple countries.

Statistics showed that following the introduction of the firm’s products, the number of weather-related traffic accidents decreased significantly in many areas. In some cities, the rate dropped by two to three times. The plant’s de-icing materials have received numerous awards, including recognition for quality and environmental innovation. In 2023, it was named among the best ESG projects in the “Climate Change Mitigation and Low-Carbon Economy” category. The universal anti-icing material formulation accounted for the highest sales volume during the 2024/2025 season.

As the plant expanded, Gilfanov actively sought raw material sources. He identified suitable deposits and acquired several sites that are rich in minerals and chemical elements essential for the production of anti-icing materials: calcium, potassium, magnesium, and sodium.

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Additionally, in 2025, the facility expanded its market presence by launching food-grade salt production. The firm also plans to begin manufacturing medical saline solutions.

Rustam Khalefovich Gilfanov: Scientific and Philanthropic Activities

In 2009, Rustam Gilfanov founded the Research and Production Association Institute of Ecology and Energy-Saving Technologies. It was later renamed the Research Institute of Winter Technologies and Innovation (informally known as the Institute of Winter). The organization conducts fundamental scientific research, tests new technologies, and evaluates materials. Its key division is its scientific testing laboratory center, equipped with modern analytical equipment.

Key Institute of Winter Activities

  • Analysis of global AIM experience
  • Advanced industrial technology testing
  • Fundamental compound research
  • Quality control of anti-icing materials
  • New winter maintenance technology study
  • Laboratory methodology development
  • Industrial refrigeration solutions

Since 2015, Rustam Gilfanov’s biography has included strategic investments in AI and workplace evolution across international markets. His approach targets the infrastructure reshaping how people work, backing productivity tools powered by artificial intelligence, talent development platforms, and professional reskilling ventures. His investment strategy focuses on enterprise software with network effects and high switching costs. He invests in platforms for AI-driven productivity, workforce development, and professional reskilling.

He also actively invests in new technologies and industrial innovations, including advanced production methods, smart manufacturing solutions, and cutting-edge industrial processes that drive efficiency and scalability across sectors.

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In 2024, Rustam Gilfanov, biography of whom has long been closely tied to scientific work, entered a doctoral program, passed his qualifying examinations, and began working on his dissertation. His research focuses on the continued development of the anti-icing materials sector.

Gilfanov Rustam is also the author and co-author of several patents for inventions:

  • “Preparation for removing snow-ice cover”
  • “Method for producing de-icing materials on the basis of calcium chloride”
  • “Anti-glaze composition (versions) and method of its manufacturing”
  • “Dry mixture for killing oil and gas wells and treatment of bottomhole zone formations”
  • “Synthesis modifier for treatment of liquid hydrocarbon fuel in magnetic field”
  • “Method for producing anti-icing materials using evaporation units and a granulator”

Beyond the scientific aspect of his biography, Rustam Gilfanov actively participates in community life. He sponsors hockey and basketball teams and has also supported a comedy competition team.

Sports and Cultural Sponsorships

  • Youth hockey
  • Basketball
  • Swimming
  • Wushu
  • Rhythmic Gymnastics
  • Powerlifting
  • Paralympic athletes
  • Free Public Ice Rink
  • Ballet

Additionally, Gilfanov Rustam financed the creation of a free public ice skating rink modeled after similar popular urban attractions. He served as a sponsor for a cultural project featuring outdoor ballet performances that draws up to 10,000 spectators.

Career Highlights

  • Gilfanov spent most of his career developing anti-icing materials for various applications and climatic conditions
  • Before manufacturing anything, he spent significant time working with research institutes to understand how de-icing materials affect roads, soil, and human health
  • He founded a dedicated research institute in 2009 that developed 17 certified testing methodologies for anti-icing compounds
  • He holds five patents, including applications beyond de-icing such as oil well treatments and fuel modification technologies

Rustam Gilfanov: FAQ

  1. What cost advantage did Gilfanov Rustam Khalefovich’s formulations achieve compared to alternatives?

The de-icing materials developed by Gilfanov Rustam Khalefovich were three to four times less expensive than existing alternatives while maintaining superior performance.

  1. What distinguishes Gilfanov Rustam’s approach to formulation?

Gilfanov Rustam developed formulations adapted to specific regional conditions, including climate, soil composition, and precipitation patterns.

  1. What research institution did Rustam Khalefovich Gilfanov establish in 2009?

Rustam Khalefovich Gilfanov founded the Research and Production Association Institute of Ecology and Energy-Saving Technologies, later renamed the Research Institute of Winter Technologies and Innovation.

  1. How many patents does Rustam Gilfanov hold?

Rustam Gilfanov is the author or co-author of six patents, covering innovations from anti-icing compositions to oil well treatments and fuel modification technologies.

  1. When did Rustam Khalefovich Gilfanov begin investing in technology sectors beyond manufacturing?

Rustam Khalefovich Gilfanov has been making strategic investments in AI-powered workplace tools, talent development platforms, and professional reskilling ventures across international markets since 2015. He also actively invests in new technologies and industrial innovations.

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NBA YoungBoy Affiliate Ben 10 Shot in Houston Restaurant, Reported Alert and in Stable Condition

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NBA YoungBoy Affiliate Ben 10

HOUSTON — Rapper Ben 10, a well-known affiliate of superstar NBA YoungBoy, was shot Wednesday night inside a Houston restaurant but is reported to be alert and in stable condition, according to multiple sources close to the situation and initial law enforcement updates.

NBA YoungBoy Affiliate Ben 10
NBA YoungBoy Affiliate Ben 10

The incident occurred at Confessions, a popular Houston eatery, during what some social media posts described as a gathering tied to spring break activities or a birthday celebration. Details remain limited as Houston police continue their investigation, but witnesses and associates indicated that Ben 10 and at least one other person were shot following an apparent altercation.

Houston Police Department officials have not yet released an official statement naming the victims, but social media accounts affiliated with the NBA YoungBoy camp and local news aggregators quickly circulated reports of the shooting. Multiple Instagram and X posts from Wednesday evening claimed Ben 10 was shot but remained conscious and responsive when emergency services arrived. Sources familiar with the situation told outlets that he was transported to a local hospital in stable condition and is expected to survive.

Lt. Wilkins, speaking to media shortly after the incident, confirmed that two individuals were shot inside the restaurant. Police recovered multiple shell casings at the scene, though the exact number and circumstances leading to the gunfire have not been fully disclosed. No arrests have been announced as of early Thursday morning, and authorities are reviewing surveillance footage and interviewing witnesses.

Ben 10, whose real name has not been widely publicized in mainstream reports, hails from Baton Rouge, Louisiana — the same city as NBA YoungBoy. He has built a following as part of the broader NBA YoungBoy collective, often appearing in videos and social media content associated with the rapper’s circle. Known for his street-oriented style and close ties to YoungBoy, Ben 10 had been active in Houston during spring break, with some posts showing him charging fees for personal appearances.

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The shooting comes amid a pattern of violence that has occasionally touched the extended NBA YoungBoy orbit. While NBA YoungBoy himself has faced legal troubles and rivalries in the rap world, Ben 10’s incident appears isolated rather than directly linked to larger feuds, according to preliminary social media analysis and reports from hip-hop news sites like Hot97.

Details of the Incident

Eyewitness accounts shared on social platforms described a sudden escalation inside the restaurant. Some users claimed an argument broke out before gunfire erupted, though police have not confirmed motives. The location, Confessions, is known for its late-night dining and has hosted events in the past, making it a plausible spot for out-of-town visitors during Houston’s busy spring break period.

Emergency responders arrived quickly, and both victims were transported to area hospitals. Initial conflicting reports on social media ranged from “critical condition” to “alert and good,” but more consistent updates from people close to Ben 10 emphasized that he was conscious, talking and stable after the shooting. One associate posted that Ben 10 was “alert at the moment” and receiving treatment.

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Houston police urged anyone with information to contact authorities, emphasizing that the investigation remains active. No suspects have been publicly identified, and it is unclear whether the shooting was targeted or stemmed from a spontaneous dispute.

Background on Ben 10

Ben 10 has maintained a lower profile than NBA YoungBoy but has gained visibility through association with the prolific Baton Rouge artist. He has released music and appeared in videos alongside members of the NBA YoungBoy crew, cultivating a fan base in Louisiana and Texas. In recent weeks, Ben 10 had been promoting paid meet-and-greets in Houston, advertising rates as high as $5,000 for personal hangouts during spring break — a sign of his growing local notoriety.

His connection to NBA YoungBoy, one of the most streamed rappers in the world despite frequent legal issues, has placed him in a high-risk environment where street credibility and industry rivalries sometimes intersect with real-world violence. The hip-hop community has seen similar incidents involving affiliates of major artists, raising questions about safety and security for those in the orbit of high-profile rappers.

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Community and Industry Reactions

News of the shooting spread rapidly on platforms like Instagram, X and Threads, with fans and fellow artists posting prayers and well-wishes. Some comments expressed concern about ongoing violence in the rap scene, while others speculated about possible motives tied to regional beefs or personal disputes. Houston’s vibrant music scene, which has produced stars across genres, has also grappled with gun violence in nightlife and entertainment venues.

Representatives for NBA YoungBoy have not issued a public statement as of Thursday morning. The artist, currently dealing with his own legal matters, has maintained a relatively low public profile in recent months.

Hip-hop journalists noted that while such incidents are tragic, they often highlight broader issues of conflict resolution and personal security in certain corners of the industry. Past shootings involving rappers and their entourages have sometimes led to temporary pauses in activities or increased private security measures.

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Houston Police Investigation

The Houston Police Department is treating the case as an aggravated assault or attempted capital murder investigation. Detectives are canvassing the area around the restaurant for additional witnesses and reviewing any available camera footage from inside and outside the establishment. Spring break crowds in Houston can complicate such probes, as many visitors may have already left the city.

Officials reminded the public that releasing unconfirmed details can hinder investigations and asked for patience as facts emerge. No charges have been filed, and the second victim’s identity and condition have not been officially released.

Broader Context of Violence in Houston

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Houston has seen its share of high-profile shootings in recent years, including incidents at entertainment venues and public spaces. While the city’s overall crime rate has fluctuated, gun violence remains a concern in certain nightlife districts. Local leaders and police have increased patrols during peak periods like spring break, when the population swells with visitors.

This incident also draws attention to the risks faced by emerging and affiliated artists who navigate the blurred lines between music promotion, street life and public appearances. Fans and industry insiders have called for greater emphasis on de-escalation and professional security for events involving rap figures.

As Ben 10 recovers, supporters have expressed relief at early reports of his stable condition. Many hope the incident serves as a wake-up call rather than another chapter in a cycle of violence.

Houston police continue to seek information from the public and expect to provide additional updates as the investigation progresses. For now, the focus remains on the victims’ recovery and bringing those responsible to justice.

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The hip-hop community watches closely, with many sending messages of support to Ben 10 and calling for peace amid the latest high-profile shooting tied to the scene.

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Lidl to open more than 50 UK stores creating nearly 2,000 jobs

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The German supermarket says it wants to ‘positively impact’ British communities

A Lidl supermarket

A Lidl supermarket

Lidl is planning to open more than 50 new stores in the next 12 months as part of a £600m investment plan. The UK’s sixth-largest supermarket chain said the move is set to create close to 2,000 jobs across the country.

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New store openings will include sites such as Abbots Langley near Watford, Warrington in Cheshire, and Thornbury in Gloucestershire which are all set to open this summer, the company said.

Lidl said it will host more than 150 property partners and agents later this month to share its future growth plans as it targets new freehold, leasehold or long leasehold properties across Great Britain.

The firm has more than 1,000 stores in the uK, employing more than 35,000 workers.

Ryan McDonnell, chief executive of Lidl GB, said: “As we grow, we want to positively impact our British communities. We’re not just opening doors, we’re unlocking regional growth.

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“Our expansion translates directly into high-quality jobs and gives British suppliers the certainty they need to invest in the future.

“Above all, it advances our social purpose of making affordable, healthy food accessible to everyone.”

Employment minister Kate Dearden said: “This kind of investment is exactly what we want to see from big employers – creating thousands of good jobs that pay fair wages and boost the standard of living in communities across the country.”

It comes after Lidl reported a 10 per cent surge in sales over a “record-breaking” Christmas, which saw nearly 51 million customers shop with the discounter in the festive run-up.

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SEC Launches Major Anti-Fraud Measures to Combat Grey Capital in Thailand

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SEC Launches Major Anti-Fraud Measures to Combat Grey Capital in Thailand

The Thai Securities and Exchange Commission (SEC) has unveiled five sweeping measures to combat illicit “grey capital,” dismantle mule account networks, and curb sophisticated investment scams targeting retail investors.

Key Details:

  • Tightened KYC and customer due diligence for securities firms, including income/occupation verification and behavioral monitoring.
  • Mandatory reporting of suspicious transactions to the Anti-Money Laundering Office and enhanced name-matching for deposits/withdrawals.
  • Expanded oversight of beneficial owners and shareholders, including scrutiny of funding sources and stricter disqualifications for money laundering or terrorism-related offenses.
  • Enhanced digital asset surveillance using blockchain forensics, alignment of transfer standards with cash-equivalent risks, and implementation of the Travel Rule.
  • Cross-agency collaboration via the “Connect the Dots” task force to integrate identity, behavior, and financial data for tracking illicit networks.

These measures aim to restore investor confidence and safeguard Thailand’s capital market integrity amid rising digital fraud and economic risks.

What is the SEC’s ‘Connect the Dots’ task force targeting?

The Securities and Exchange Commission (SEC) of Thailand has launched a joint task force called “Connect the Dots” to target illicit financial networks through integrated data analysis. This initiative is part of a broader strategy to dismantle “grey capital” operations, mule account networks, and increasingly sophisticated investment scams.

The task force aims to integrate data across identity, behavior, and financial flows to track illegal activities more effectively. According to Pornanong Budsaratragoon, secretary-general of the SEC, this inter-agency collaboration involving the Digital Economy and Society Ministry and the Anti-Money Laundering Office is designed to trace transactions to their ultimate endpoints and facilitate asset seizure.

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Beyond the task force, the regulator is implementing stricter know-your-customer (KYC) requirements and enhancing surveillance of digital assets. These measures include using blockchain forensic tools to monitor cross-border flows and tightening oversight of stablecoin transactions to protect retail investors from widespread financial losses.

How many crypto accounts were frozen under ‘Speed Bump’?

Thailand’s digital asset industry, under the newly implemented “Speed Bump” measure, has frozen over 10,000 suspicious cryptocurrency accounts. Led by the Thai Digital Asset Operators Trade Association (TDO), this initiative targets the misuse of mule accounts by criminal networks to facilitate illicit fund transfers.

The Speed Bump measure enforces a 24-hour transaction lock on transfers of 50,000 baht or more. During this period, users must complete additional know-your-customer (KYC) procedures, such as video verification, to confirm the wallet’s beneficial owner. While this approach has effectively curbed illicit transactions, it has also resulted in increased compliance costs for operators and extended processing times for legitimate digital asset users.

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‘Even if Iran war ends now farmers costs will have to be passed on’

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'Even if Iran war ends now farmers costs will have to be passed on'

Patrick Crehan buys fuel on behalf of a 3,500 member consortium, who are mainly agricultural farmers. Before the conflict, he was paying around 70p a litre. Just before the ceasefire, he was paying around 130p a litre, though that has fallen back a little since Wednesday.

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At Close of Business podcast April 9 2026

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At Close of Business podcast April 9 2026

Tom Zaunmayr and Sam Jones discuss the 50 most powerful people in the state’s North West.

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Co-op Group plans to merge with Southern Co-op in 300-shop deal

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Proposals for merger would add hundreds of shops plus three crematoria to retail giant’s chain, subject to member approval

A Co op sign

The merger needs to be approved by Co-op members(Image: Getty Images)

The Co-op Group is planning to absorb Southern Co-op in a merger that would bring hundreds of food and funeral outlets into the Manchester retail giant’s portfolio.

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The two societies have announced proposals that would require member approval before proceeding.

The deal involves integrating Southern Co-op’s 300,000 members into the seven million-strong Co-op Group, along with its approximately 300 food, funeral and Starbucks coffee branches.

Co-op Group would also gain its three crematoria under the arrangement, allowing it to re-enter the burgeoning market alongside its existing funeral services.

The organisations declined to reveal the value of the potential transaction.

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Southern Co-op is headquartered in Portsmouth and operates predominantly across the south and south west of England, including London, Bristol and Exeter, trading under the Co-op Food and Welcome brands. It was established in Portsmouth as a co-operative in 1873.

Co-operatives are businesses owned and controlled by their members, who have a direct say in how the organisation is run.

Southern Co-op members will be given a vote on the proposals, which, if backed by members and regulators, are anticipated to be completed in the final quarter of 2026.

The merger would be facilitated through a process known as “transfer of engagements”, which enables two societies to combine.

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Ben Stimson, Southern Co-op’s chief executive, said the deal would safeguard the future of the business, which has recently struggled with declining profits and rising costs. He said: “By coming together, we can secure the co-operative future of Southern Co-op as part of a stronger combined Co-op Group, while creating an even stronger voice nationally and internationally to advance the co-operative cause.”

Kate Allum, Co-op Group’s interim chief executive, said: “Joining forces across Co-op Group and Southern Co-op will create new opportunities for members to have access to a greater range of benefits across a wider society, with more trading opportunities, and in turn more benefits for them and their communities.”

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Pilbara electrical workers to take industrial action next week

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Pilbara electrical workers to take industrial action next week

Specialist electricians working for BHP in the Pilbara have locked in April 16 as the date for the first industrial action to be taken in the mining region in two decades.

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Rupee at risk? BOP pressure, oil shock and capital flows hold the key, says Rahul Bajoria

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Rupee at risk? BOP pressure, oil shock and capital flows hold the key, says Rahul Bajoria
India’s currency outlook is once again under scrutiny, with projections indicating the rupee could weaken to 94 against the US dollar by mid-2026. The backdrop: rising oil prices, a widening current account deficit, and fragile global capital flows.

Speaking to ET Now, Rahul Bajoria from BofA Global Research explained that while the forecast predates recent RBI measures, the core concern remains intact.

“So, I would say the numbers were done before the RBI came out with the measures… the main underlying issue remains with the balance of payments… we will run with a small BOP deficit… which can very well take us back towards 94 levels… we should kind of stabilise around 93 levels… but there is significant uncertainty about any spot projections.”

A Growing External Imbalance
India’s external position is becoming increasingly stretched as higher energy prices push up the current account deficit.

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“No, absolutely… the most fundamental challenge… is how the external balances are set up… with the widening in the current account deficit… there is still going to be a challenge as to how do we attract capital… measures to increase capital inflows… should be the core focus… to stabilise the currency.”


RBI’s Balancing Act
The Reserve Bank of India, Bajoria noted, is less concerned about defending specific levels and more focused on preventing disorderly moves.
“RBI… do not really track any particular levels… they are more worried about the pace and intensity… if there is a current account widening, the RBI would let the rupee adjust… 94-95… they would probably be okay… what matters more is attracting capital inflows going ahead.”Capital Flows: The Swing Factor
Recent outflows, he said, reflect a broader global trend rather than India-specific weakness.

“A lot of the capital outflows… are just funds lightening risk… we have seen outflows across emerging markets… we are not being singled out… in the half of the year we are looking for capital flows to make a return… but the real question mark is… is that going to be enough.”

Rate Hikes: Not a Given
On monetary policy, Bajoria emphasised that rate hikes depend on whether the shock is inflationary or growth-related.

“So, I would not say it is a given… it depends on whether this manifests into a growth shock or an inflation shock… if it is an inflation shock… there is a case for some monetary adjustment… but if growth slips below 6.5%… I am not entirely sure the RBI would be comfortable hiking rates.”

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Inflation Risks: Limited Downside
While food prices have softened recently, risks may still tilt upward due to fuel and global factors.

“So, the downside risk is coming from high-frequency prices… vegetable and cereal prices… have been moving lower… but a potential fuel price hike… and global El Nino conditions… make me think downside risks are limited… there is going to be some upside risk.”

The Bottom Line
The rupee’s path will depend on how oil prices, capital flows, and policy responses evolve. Near-term pressure may persist, but stability could return if global conditions improve and inflows pick up. For now, uncertainty continues to dominate the outlook.

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Defence demand drives revenues at Somerset’s Gooch & Housego

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The group says it has navigated supply challenges in the first half and is on track to meet its full-year expectations

Gooch and Housego's global headquarters in Ilminster, Somerset

Gooch and Housego’s global headquarters in Ilminster, Somerset(Image: Google Maps)

A Somerset components manufacturer has reported a rise in revenues for the first half of the year on the back of growing demand in the aerospace and defence market.

Revenue at Ilminster-based Gooch & Housego (G&H), which makes detectors, lasers and fibre optic equipment, stood at £81.9m for the six months to the end of March – up 9.1 per cent on an organic, constant currency basis.

The London-listed firm said revenue from the industrial laser and semiconductor markets had improved over the period and there were “encouraging signs” of recovery in the semiconductor industry.

The company’s order book was also up, increasing £25m to £167.3m from September.

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Charlie Peppiatt, chief executive of G&H, said: “I am pleased with the positive progress that G&H has made in the first half of the financial year.

“The strong order book growth in the period demonstrates the increased confidence our customers have in G&H to provide them with their most complex photonics and optical systems requirements.”

G&H told investors that its acquisition last year of two businesses – Global Photonics and Phoenix Optical – had been “critical” in helping secure new orders from defence customers in the US, UK and Europe.

The group said it had also “proactively managed” the re-sourcing of key raw materials used across several of its production processes where availability had been restricted by retaliatory measures from certain nations in response to US tariffs.

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“Despite the situation remaining fluid, with supply lumpy and intermittent, the group has navigated these challenges in H1 2026 and remains vigilant around supply chain, operations and inventory planning going forwards,” the company said in a statement on Thursday, April 9.

“Whilst there are significant macroeconomic uncertainties, the recovery in our industrial and semiconductor markets along with the strong growth in demand from our aerospace and defence markets should allow the group to make further positive progress on our journey to mid-teens returns over the medium term,” added Mr Peppiatt.

Trading for the full year is currently set to be in line with expectations. The group will announce its interim results for the six months ended March 31, 2026, on June 2.

The news comes as former Meggitt divisional CFO James Corte starts his role as G&H’s new chief financial officer and executive director.

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Himself in Yukata Showing Off ‘Cool’ Flag-Wearing Shiba Inu Dog

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Elon Musk Posts Grok Imagine Video: Himself in Yukata Showing

AUSTIN, Texas — Elon Musk lit up X on Thursday with a 10-second AI-generated video that has already racked up more than 2.2 million views in hours, featuring a grinning Musk in a traditional Japanese yukata and headband, proudly introducing his “cool” Shiba Inu companion — also sporting matching flag headbands and tiny glasses.

Elon Musk Posts Grok Imagine Video: Himself in Yukata Showing
Elon Musk Posts Grok Imagine Video: Himself in Yukata Showing Off ‘Cool’ Flag-Wearing Shiba Inu Dog

The post, which contained no caption beyond an embedded link, was uploaded at 7:01 a.m. GMT and quickly became the day’s most engaging content from the tech billionaire. Musk’s previous post just minutes earlier explicitly credited “Generated with @Grok Imagine,” signaling the short clip was created using xAI’s image- and video-generation tool.

In the video, Musk — wearing a dark blue yukata and a white headband adorned with the flags of the United States, United Kingdom, Germany, Brazil, South Korea and India — stares wide-eyed into a silver iPhone he holds in his left hand. “It’s Elon Musk,” a voice-over says as he gestures animatedly with his right hand. “This is my dog!” The scene cuts to Musk beaming beside an adorable Shiba Inu wearing round glasses and its own headband featuring the Union Jack and Indian flag. “Look at this guy, isn’t he cool?” Musk asks, gently lifting the dog, which appears to “smile” with its tongue out.

The clip blends Musk’s signature meme humor with high-production AI visuals, complete with realistic facial expressions, subtle head movements and synchronized English subtitles. Fans immediately flooded the replies with laughter, heart emojis and cultural references. Japanese users expressed delight at seeing Musk in a yukata, with one writing in Japanese, “I never thought I’d see Elon Musk speaking Japanese!” Others tied the timing to “Shiba Inu Day,” celebrated on April 8 because the numbers 4 (“shi”) and 8 (“ba”) phonetically evoke the breed’s name in Japanese.

The video’s rapid spread underscores X’s role as Musk’s preferred platform for unfiltered, real-time engagement. Posted just one day after Shiba Inu Day and amid ongoing buzz around Dogecoin and Shiba Inu cryptocurrency — both of which Musk has playfully endorsed in the past — the clip tapped into multiple meme ecosystems at once. The Shiba Inu breed, immortalized in the original “Doge” meme that inspired Dogecoin, has long been a favorite in Musk’s online persona.

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Grok Imagine Powers the Fun

xAI, Musk’s artificial-intelligence venture, rolled out Grok Imagine earlier this year as a creative tool integrated directly into the Grok chatbot on X. Unlike earlier image generators that often produced stiff or unrealistic results, Grok Imagine has gained praise for its ability to handle dynamic video clips with natural motion, accurate lip sync and cultural details — such as the precise yukata fabric patterns and flag placements seen here.

Musk has used the tool repeatedly in recent weeks to post surreal, humorous content, ranging from Cybertruck animations to abstract AI art. Thursday’s trio of posts — including one labeled “Cybertruck is so awesome 😎” and another declaring “Grok will never go to therapy. Never” — formed a loose content thread showcasing Grok’s evolving capabilities.

Industry analysts noted the strategic value. By demonstrating Grok Imagine’s output in real time, Musk not only entertains his 200-plus million followers but also drives product awareness for xAI, which competes with OpenAI’s DALL-E, Google’s Imagen and Midjourney. Early user feedback in the replies highlighted the tool’s speed and quality, with several creators reposting their own Grok-generated variations of the Shiba Inu scene within minutes.

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Fan Reactions Span Globe

Engagement metrics exploded quickly: more than 13,000 likes, 1,400 reposts and 2,200 replies within the first few hours. Replies ranged from simple “WOOF” emojis and laughing-crying faces to elaborate theories. One user posted side-by-side comparisons with classic Doge memes, while another suggested Musk turn the clip into an official storyline. Japanese-language replies celebrated the cultural nod, with some speculating Musk might visit Japan soon for a Tesla or Starlink event.

Crypto enthusiasts linked the post to market movements. Shiba Inu token (SHIB) saw a modest uptick in trading volume shortly after the video dropped, though analysts cautioned that meme-driven price action remains volatile. Dogecoin supporters, long loyal to Musk’s occasional endorsements, flooded quote posts with rocket emojis and calls for the billionaire to “send the dog to the moon.”

Not all reactions were purely celebratory. A handful of critics called the video “low-effort” or questioned the use of AI for personal branding, but these voices were outnumbered by positive sentiment. One reply captured the prevailing mood: “Grok is translating the word ‘based’ properly… absolutely based.”

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Broader Context: Musk’s Meme Mastery

The Shiba Inu video fits a long pattern. Musk has repeatedly leveraged internet culture — from Dogecoin tweets that once moved markets to Tesla Cybertruck reveals staged as memes — to keep his audience engaged. His 2022 acquisition of Twitter (now X) was partly framed as a defense of free speech and fun, and posts like Thursday’s reinforce that ethos.

xAI itself positions Grok as a “maximum truth-seeking” AI with a sense of humor, contrasting it with more guarded competitors. Musk has said publicly that Grok should avoid the overly cautious “therapy-speak” common in other chatbots, a theme echoed in his same-day post rejecting therapy for Grok.

The timing also coincides with heightened interest in AI-generated video. Hollywood writers and actors continue to debate AI’s role in entertainment, while consumer tools like Grok Imagine democratize high-quality content creation. Musk’s willingness to use his own likeness demonstrates confidence in the technology’s safety and appeal.

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What It Means for xAI and X

For X, the post drives platform metrics at a critical time. Premium subscribers who pay for Grok access gain an edge in creating similar content, potentially boosting conversions. For xAI, every viral Grok Imagine clip serves as free marketing, showcasing capabilities that could eventually power commercial products beyond social media.

Musk, who splits time between Tesla, SpaceX, xAI and his role at the Department of Government Efficiency, has made clear he views humor as essential to cutting through noise. In a platform where serious policy announcements often compete with memes, the yukata-Shiba video reminds followers that the world’s richest person still enjoys a good laugh.

As of Thursday afternoon, the original post continued climbing, with views projected to surpass 10 million by day’s end. Fan edits, reaction videos and AI-prompt recreations were already proliferating. One user generated a version featuring Musk and the dog in a Cybertruck; another translated the subtitles into multiple languages.

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Whether this was a spontaneous bit of fun or a calculated product tease, the clip accomplished what Musk’s posts often do: spark joy, conversation and a little chaos — all while highlighting the creative power of the AI he champions. In a world increasingly shaped by algorithms, Elon Musk’s digital dog day proved once again that sometimes the simplest, silliest content connects the deepest.

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