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Sourcefit’s AI-Driven Operating System for Modern Business

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MANILA, Philippines, July 1, 2025 /PRNewswire/ — Sourcefit, a leading global provider of business process outsourcing and staffing solutions, is proud to introduce Knit—a powerful, AI-driven productivity platform that helps businesses effortlessly connect and manage their people and processes in one integrated hub.

By unifying essential workflows—like HR, employee engagement, project coordination, data management, and information sharing—Knit tackles the core challenges of digital transformation. With its approachable interface and seamless data flow, Knit enables companies of all sizes to enhance efficiency, boost productivity, and drive sustainable growth.

Knit offers an agile, user-friendly solution for navigating the complexities of remote work, global teams, and evolving customer expectations. The platform brings together a wide range of critical functions—including payroll, project timelines, CRM data, performance analytics, e-learning, and digital asset management—into a single cohesive environment. Users can then leverage connected data across both internal modules and external business applications to build powerful AI-driven automations that simplify operations and reduce costs.

This unified approach frees organizations to focus on what matters most: delivering value, fueling innovation, and achieving meaningful results.

“We’ve harnessed years of operational experience and cutting-edge technology to develop an intuitive platform that allows companies to manage all their data and critical processes in one place,” said Andy Schachtel, CEO of Sourcefit. “By easing administrative burdens, fostering deeper team collaboration, bridging silos, and unlocking intelligent insights and automations through AI, Knit empowers businesses of all sizes to thrive in today’s fast-paced world,” said Andy Schachtel, CEO of Sourcefit.

Knit’s features include:

  • HR Hub: Manage the full employee lifecycle with centralized records, onboarding/offboarding, attendance, evaluations
  • Team Engagement Tools: Boost morale and connection through gamified rewards, leaderboards, badges, and peer-to-peer recognition features.
  • KPI Builder & Reporting: Track performance in real time using dynamic KPIs, weighted data sources, and customizable dashboards with AI-powered insights.
  • Weaves (Smart Tables): Build powerful spreadsheet-like databases to track anything—linked to tasks, tickets, profiles, or KPIs.
  • Smart Vault: Organize and secure documents, media, and assets with smart tagging, permission controls, and AI-generated summaries.
  • Projects & Tasks: Plan and execute work with Kanban, Gantt, and calendar views—enhanced by AI-assisted prioritization, time tracking, and workflow automation.
  • Ticketing System: Streamline internal and external service workflows with customizable tickets, AI triage, and context-rich collaboration.
  • Chat & Live Feed: Stay connected with real-time messaging, updates, and a social feed that highlights achievements, birthdays, and milestones.
  • Smart Notes & Productivity Hub: Unify personal tasks, notes, and calendars into one AI-enhanced workspace designed for flow and focus.
  • AI Contract Hub: Simplify contract lifecycles with version tracking, smart reminders, clause detection, and centralized access.
  • AI Interface: Interact naturally with your data and operations—ask questions like “When was Mia’s last leave?” or “Clock me in,” and receive instant insights, actions, and analytics through conversational AI.

About Sourcefit

Founded in 2009, Sourcefit is a business process outsourcing company dedicated to helping businesses of all sizes scale efficiently and sustainably. With over 2,000 employees across five countries, Sourcefit offers a full suite of services in staffing, managed services, and AI-powered workforce solutions.

Inquiries for service, product demonstrations, or partnership opportunities, please contact:
[email protected]

Media Contact:
Ayele McCarthy
[email protected]

SOURCE Sourcefit



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Yorkshire Water announces hosepipe ban after driest spring in 132 years | Water industry

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Yorkshire Water has introduced hosepipe restrictions after the region recorded its driest spring in 132 years.

Yorkshire received just 15cm of rainfall between February and June, less than half of what is expected in an average year, pushing the region to an official drought status.

Its reservoirs are 55.8% full, which is 26.1 percentage points lower than what they would normally be at this time of year.

Dave Kaye, the director of water at Yorkshire Water, said action was necessary now to “help conserve water and protect Yorkshire’s environment”.

“From Friday this week, people across Yorkshire will need to stop using their hosepipes to water their gardens, wash their cars or for any other activities. Introducing these restrictions is not a decision we have taken lightly, and we’ve been doing everything we can to avoid having to put them in place,” he said.

The restrictions will come into force on 11 July. They will stop people from using a hosepipe to water gardens, wash private vehicles, fill domestic pools or clean outdoor surfaces.

People can still wash their car and water their gardens using tap water from a bucket or watering can. Businesses can use a hosepipe if it is directly related to a commercial purpose.

Mark Lloyd, the chief executive of the charity the Rivers Trust, said further hosepipe restrictions are likely to come in other areas of the country.

“Sadly, the measures will also probably include drought permits that allow the company to take more water from rivers than normal, which will have severe impacts on river wildlife which is already struggling,” he said. “It will be very surprising if other companies don’t have to follow suit unless the weather changes dramatically.”

The supplier, which serves 5 million customers across Yorkshire and parts of north Lincolnshire and Derbyshire, is owned by Kelda Group.

Yorkshire Water paid £37.5m dividends for the six months to 30 September 2024 to its parent, up from £17.7m during the same period in 2023. The company paid £84.1m in dividends within its group structure in its latest full financial year. The dividends were not distributed to external shareholders.

Last year the chief executive and chief financial officers at Yorkshire Water were handed a combined £616,000 in bonuses for a year in which thousands of its customers were affected for weeks by a burst water pipe.

Under new powers in Labour’s Water (Special Measures) Act 2025, the regulator, Ofwat, can ban bonuses for water executives where a company fails to meet key standards on environmental and financial performance, or is convicted of a criminal offence.

Under the rules, six water providers – including Thames Water, Southern Water, United Utilities, Wessex Water, Anglian Water and Yorkshire Water – were banned from paying “unfair” bonuses to their executives this year.

The boss of Yorkshire Water said she had decided to turn her bonus down this year, before the legislation was introduced. Nicola Shaw, who accepted a £371,000 bonus last year, said it would “not be appropriate” to accept the payment this year, acknowledging that the supplier needed to “do better” on tackling pollution.

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It comes as customers must pay higher water bills until the end of the decade, to help fund investment in better water and sewage infrastructure. The average annual bill for Yorkshire Water is £430, according to Ofwat, and is expected to rise by 35% by 2030.

Last month Yorkshire officially moved to drought status after a prolonged period of low rainfall. In May, north-west England also entered drought status, as reservoir levels fell to half their capacity. Much of the rest of the country is in prolonged dry status, which is the step before drought.

Consumers across England have been asked to conserve water as summer begins amid low river flows, groundwater levels and reservoir levels.

The regions at most risk of running out of water at the moment are those which rely largely on reservoirs rather than groundwater.

This is because the wet autumn and winter of 2024-25 allowed for the aquifers – the water below ground – to recharge. This means southeastern areas, which have good aquifers, are in a better position now than those in the Midlands and north of the country.

However, more dry weather could cause the aquifer levels to begin to dwindle as well.

When water supplies run dry, companies often apply for river abstraction licences. But rivers across the country, except in parts of the north-west, are at exceptionally low levels, so any further abstraction would pose a risk of great ecological harm.

Water companies have been criticised in past droughts for not implementing hosepipe bans quickly enough, and accused of not doing so because bosses were too concerned about affecting customer satisfaction scores, which influence their rating with the regulator. As of this year, this rating now dictates whether chief executives can get a bonus.



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Stock markets shrug off tariff letters after Trump says August 1 tariff deadline ‘not 100% firm’ – business live | Business

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Introduction: Asia-Pacific markets shrug off new Trump tariff threats

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.

The TACO trade is back! Many Asia-Pacific stock markets are rising today, despite Donald Trump’s decision to ramp up his trade war by announcing new tariffs on 14 US trading partners.

There’s relief that Trump has announced a new pause before these new levies kick in – a new three-week reprieve kicks the can down the road to 1 August, rather than tomorrow.

This delay will give countries to negotiate trade deals with the US.

Asked if 1 August deadline was firm, Trump indicated it wasn’t exactly concrete, saying last night:

“I would say firm, but not 100% firm. If they call up and they say we’d like to do something a different way, we’re going to be open to that.”

That has encouraged traders to conclude that Trump Always Chickens Out (TACO).

So while there were losses on Wall Street last night after the first tariff letters were released, markets across Asia are taking the news in their stride.

In Tokyo, the Nikkei 2225 has risen by 0.3%, up 118 points to 39,705 points, even though Japan has been threatened with a new 25% tariff from 1 August (slightly higher than the 24% rate announced back in April, before Trump’s 90-day pause which expires tomorrow).

South Korea’s KOSPI has gained nearly 2%, even though Seoul has also received a letter announcing a new 25% tariff.

China’s CSI300 index has climbed by 0.8%. European markets are expected to open flat.

More letters are expected to be sent later this week.

Stephen Innes, managing partner at SPI Asset Management, says traders are pricing in “delay, maybe even dysfunction”, rather than a resolution of the trade war. But that’s enough to keep them bidding.

Innes writes:

Markets didn’t lurch because they’ve seen this show before. Tariff hike, rhetoric spikes, and then—like clockwork—comes the sudden pivot: “We’re still open to talks.” This is policy by poker tell. And by now, investors are familiar enough with the bluff to call it and fade the fear.

However…Ipek Ozkardeskaya, senior analyst at Swissquote Bank, fears there is too much “unexplained optimism”, adding:

The deadline extension is not good news, per se. It simply adds to the uncertainty. It’s yet another sign that the deadline won’t be a line in the sand, and that tariffs set in the coming days and weeks won’t be carved in stone, either.

They will be constantly changed — raised, lowered — and used as a go-to threat in every situation.

The agenda

  • 9.30am BST: UK’s Office for Budget Responsibility to release its latest Fiscal risks and sustainability report

  • 10am BST: Marks & Spencer chair Archie Norman to face business and trade committee to discuss M&S’s cyber attack

  • 11am BST: Office for Budget Responsibility press conference

  • 12pm BST: Post Office Horizon IT Inquiry to release Volume 1 of its Final Report

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European stock markets have also opened higher, led by Germany.

The German DAX index rose by 50 points, or 0.2%, to 24,125, in early trading, amid some relief that European negotiators have another three weeks to reach a trade deal with Washington.

France’s CAC has inched up by 0.1%, with Spain’s IBEX gaining 0.14%.

Jochen Stanzl, chief market analyst at CMC Markets, says:

Donald Trump has once again retreated from imposing tariffs, allowing the DAX to rise above the 24,000-point mark. It appears that investors are eager to test the previous week’s highs once more, but the success of this endeavor will depend on the daily news regarding trade policy, which is expected to remain volatile. The trade issue continues to be a source of uncertainty for the stock market, and without a trade agreement with the U.S., a sustainable continuation of the rally could prove challenging.

This morning, the European Union faces both positive and negative news. On the positive side, the pause on tariffs has been extended until August. Trump seems to be sticking to his pattern of initially making threats before showing a willingness to negotiate. He likely understands that implementing reciprocal tariffs would be more harmful than beneficial to the ongoing discussions.

However, the negative aspect is that sector-specific tariffs on cars, auto parts, aluminum, and steel will remain in effect until August 1. This latest development is not cause for great celebration, as the EU has struggled to effectively counter the already high tariffs that are currently in place during the negotiations.”





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CS TECH Ai Marks 27 Years, Expands Global Presence with Focus on AI and Digital Infrastructure

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CS TECH Ai (BSE: Ceinsys) has completed 27 years in business, marking its growth from a core engineering firm to a digital technology company with a global footprint.

The company, which operates in India, the US, the UK, and Germany, provides solutions in geospatial intelligence, mobility engineering, digital twins, and AI-powered platforms.

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With over 1,250 engineers and technologists, CS TECH Ai supports key infrastructure projects in water, energy, transport, and urban development.

Its solutions have been deployed in national programmes such as Jal Jeevan Mission, AMRUT, and Smart Cities, helping improve planning, execution, and governance.

The company has designed more than 35,000 miles of water networks, processed over 650,000 miles of high-resolution imagery, and contributed to the planning of over 100,000 miles of electrical networks.

Its engineers have logged more than 7 million hours on infrastructure and mobility projects.

In recent years, CS TECH Ai has strengthened its global delivery capabilities through acquisitions, including AllyGrow Technologies and US-based VTS. The company is now integrating artificial intelligence into sector-specific workflows to offer real-time insights and support decision-making in infrastructure systems.

“Our journey from core engineering to AI-driven platforms continues to be rooted in solving sectoral challenges through scalable and adaptive technology,” said Prashant Kamat, Vice Chairman and CEO of CS TECH Ai.

The company aims to drive automation, resilience, and sustainability through intelligent infrastructure solutions.



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