Business

Infosys: Differentiated AI strategy and a sharp focus on value unlock propels 29% sequential growth in AI revenues

ANI — Fri, 23 Oct 2026 18:41:55 +0530

PRNewswire
Bengaluru (Karnataka) [India], October 23: Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in AI-first business consulting and technology services, delivered $5,145 million in Q2 revenues, year on year growth of 1.5% and sequential growth of 1.2% in constant currency. Operating margin was stable at 21.0%. EPS growth was 8.7% year on year in rupee terms. TCV of large deal wins was $5.2 billion, with 62% net new. Robust Q2 large deal TCV at $5.2 billion with 62% net new; lays solid foundation for future growth. FY 27 revenue guidance revised to 1%-2% and margin guidance retained at 20%-22%.
H1 revenues grew at 1.9% year on year in constant currency. Operating margin for H1 was at 21.0%.
"We had strong large deals of $5.2 billion, including a mega deal of over $2 billion, reinforcing our position as a trusted partner in the marketplace when clients embark on large and complex transformation programs. Our AI revenue was at 10.5% and grew 29% quarter-on-quarter. As enterprises move to AI adoption at scale, the strong growth in AI revenues is a recognition of our differentiated market positioning and client confidence," said Salil Parekh, CEO and MD. "We are advising some of the largest global enterprise on their AI strategy and continue to invest in deep domain and technology capabilities to bring new ideas and an integrated ecosystem to help businesses unlock AI value at scale," he added.

Guidance for FY 27:
* Revenue growth of 1%-2% in constant currency
* Operating margin of 20%-22%
Key highlights:

"We delivered operating margins of 21.0% in Q2 amidst heightened volatility. Focus on cost and operational efficiency measures while making the required investments, have led to stable margins," said Jayesh Sanghrajka, CFO. "Free cash flow of $928 million, representing 113.3% of net profit, underscores the financial strength of the business. The Board has announced an interim dividend of ₹26 per share, an increase of 13% from last year," he added.
Client Wins & Testimonials
* Infosys collaborated with Mondelez International to drive its supply chain transformation through AI-enabled decision-making, data standardization, and intelligent enterprise workflows. Sanjay Gurbaxani, Global Vice President, Digital Supply Chain, Mondelez International, said, "From digitally connected supply chain to standardizing data and enabling more informed decision-making, the opportunity lies in bringing together people, processes, data, and technology to deliver meaningful business outcomes. As AI evolves towards agentic AI, the potential extends beyond generating insights to enable more autonomous, responsive, and intelligent workflows. The real value comes from embedding intelligence into everyday business decisions, rethinking established processes, and scaling solutions across the enterprise. With Infosys we are building a compelling solution where technology, aligned with business priorities, can become a catalyst for operational excellence and long-term impact."
* Infosys entered a ten-year strategic agreement with Crocs, Inc. to accelerate its IT transformation and support scalable global growth. Tom Britt, Chief Information Officer, Crocs, Inc. said, "As our organization reimagines its IT landscape, we sought a collaborator who could combine deep domain expertise with a commitment to innovation and operational excellence. By leveraging Infosys' proven delivery frameworks and advanced automation capabilities, we will optimize operations, reduce costs and scale responsibly—while driving continuous improvement and building a foundation for sustainable growth and digital resilience that positions Crocs, Inc. for the future."
* Infosys collaborated with Knorr-Bremse to accelerate its AI-enabled enterprise transformation. Satheeskaran Navaratnam, Chief Digital Officer & VP Transformation & Governance IT, Knorr-Bremse, said, "At Knorr-Bremse, we are building a future-ready technology foundation that supports innovation and long-term value creation. Our Tech4Value program is central to this journey, helping us create a more agile, efficient, and scalable IT environment across the organization. By working with Infosys, we aim to make our technology estate as optimized and reliable as the systems we build for our customers, ensuring that every layer of our infrastructure is equipped to support the pace of change our business demands."
* Infosys expanded collaboration with Metsä Group to drive AI-led transformation of its IT landscape. Kristiina Lammila, Chief Information Officer of Metsä Group, said, "This engagement marks a new chapter in Metsä's long-standing collaboration with Infosys, as we simplify and transform our IT sourcing model to meet the efficiency demands of today's business environment. We are confident in our joint ability to deliver on these targets and accelerate the transformation of Metsä's IT, powered by AI."
* Infosys collaborated with NTN Corporation to drive its digital growth with seamless SAP cloud adoption. Kenji Kitazato, Head - ICT Strategy Department, NTN Corporation, said, "This migration to SAP Commerce Cloud powered by Infosys has streamlined our IT operations, improved agility, and laid a strong foundation for future digital growth. This transformation enables us to utilize this new foundation and further promote the use of digital technology."
Infosys collaborated with Telia to drive AI-powered transformation across its network and cybersecurity operations. Hein Müskens, Group CIO, Telia, said, "Infosys' proven expertise in AI, automation, and telecom transformation made them the ideal partner for this initiative. Leveraging Infosys Topaz and deep industry knowledge, we look forward to accelerating the modernization of our network and cybersecurity operations, enhancing efficiency and agility, and strengthening our foundation for future innovation."
* Infosys collaborated with KnitWell Group to develop an AI-powered platform for its customer engagement. Jaap van Riel, CTO, KnitWell Group, said, "Our relationship with our customers truly comes to life in our stores. That's why we partnered with Infosys to build the Engage platform and help our store associates reach customers in a more efficient and engaging way. Once we identified the opportunity, Infosys was quick to develop a solution and approach. From there, we engineered and built Engage together, and we've seen great results."
* Infosys Finacle was selected by Investec to drive its digital banking transformation through the Finacle SaaS platform on Microsoft Azure. Lyndon Subroyen, Global Head of Digital and Technology for Investec Group, said, "Our partnership with Infosys Finacle and Microsoft Azure marks a step change in our digital transformation journey. We are building a stronger digital foundation that allows us to scale with our clients, deliver a more seamless and personalized experience, and operate with greater precision. Digital is no longer a layer that supports the business, it is integral to how we grow, deepen client relationships, and improve our efficiency."
Recognitions & Awards
Brand & Corporate
* Recognized as one of India's Best Employers Among Nation-Builders by Great Place to Work® for the sixth year in a row.
* Recognized across four Avtar & Seramount indices, including Hall of Fame – Best Companies for Women India 2026; Exemplar in the Most Inclusive Companies Index India 2026; Top 10 Best Companies for Workplace Wellness (BCWW); and Top 10 Best Companies for ESG (BCESG).
* Received three Brandon Hall Group™ 2026 HCM Excellence Awards® for Best Corporate Learning University; Best Senior Manager Development Program; and Best Sourcing and Assessment Strategy.
* Received The Asset Corporate Sustainability Leadership Awards 2026 in four categories – Platinum Award; Best in Transition; Best Initiative in Environmental Responsibility for the Infosys Agroforestry Program; and Best Investor Relations Team.
* Infosys BPM honored with multiple Tata Institute of Social Sciences LeapVault CLO Awards India for Best Skill Development Initiative, Best Corporate University, and Best Diversity & Inclusion Training Program.
* Infosys BPM won the 17th CSR Summit & Awards 2026 for Best Skill Development Initiative.
AI and Cloud Services
* Rated as a Leader in the Gartner® Magic Quadrant™ for Public Cloud Optimization and Transformation Services.
* Recognized as a Leader in the IDC MarketScape: Worldwide Cloud Professional Services in the AI Era 2026 Vendor Assessment.
* Positioned as a Leader among the top providers in the Everest Group Microsoft Azure Services PEAK Matrix® Assessment 2026.
* Positioned as a Leader in the Everest Group Quality Engineering (QE) Services for AI Applications and Systems PEAK Matrix® Assessment 2026.
* Featured as a Leader in the NelsonHall NEAT Evaluation for AI-Enabled Cloud Infrastructure Management Services.
* Recognized as a Leader in the 2026 Constellation ShortList™ for AI Services.
* Recognized as a Leader on the 2026 Constellation ShortList™ for Public Cloud Transformation Services.
* Recognized as a Leader in the 2026 Constellation ShortList™ for Artificial Intelligence and Machine Learning Best-of-Breed Platforms.
* Recognized as a Leader in the 2026 Constellation ShortList™ for Decision Intelligence Platforms.
Key Digital Services
- Rated as a Leader in The Forrester Wave™: Infrastructure Outsourcing Services, Q3 2026.
- Recognized as a Leader in the IDC MarketScape: Worldwide ServiceNow Implementation Services 2026 Vendor Assessment.
- Recognized as a Leader in the IDC MarketScape: Worldwide Oracle Implementation Services 2026 Vendor Assessment.
- Recognized as a Leader in the IDC MarketScape: Worldwide Digital Workplace Services 2026 Vendor Assessment.
- Positioned as a Leader in the Everest Group Digital Workplace Services (DWS) PEAK Matrix® Assessment 2026: North America.
- Positioned as a Leader in the Everest Group Digital Workplace Services (DWS) PEAK Matrix® Assessment 2026: Europe.
- Positioned as a Leader in the Everest Group Retail Digital Services PEAK Matrix® Assessment 2026.
- Positioned as a Leader in the Everest Group GCC Setup Capabilities in India PEAK Matrix® Assessment 2026.
- Recognized as a Leader in the 2026 Constellation ShortList™ for AI-Native Global Capability Center (GCC) Services.
- Rated as a Leader in HFS Horizons: Customer Experience Services, 2026.
- Featured as a Leader in the NelsonHall NEAT Evaluation for Salesforce Services 2026.
- Featured as a Leader in the NelsonHall NEAT Evaluation for SAP Ecosystem Services.
- Infosys BPM received the Avasant Digital Masters: Technology and Process Transformation Leaders Award at Avasant Partner Connect 2026.
- Infosys BPM received three GSA UK Awards 2026 for Service Provider of the Year (Large); Business Services Programme of the Year with Microsoft; and Collaboration Programme of the Year with Lloyd's Register.
Industry & Solutions
- Recognized as a Leader in the IDC MarketScape: Worldwide AI-Driven Professional Services for Oil and Gas Companies 2026 Vendor Assessment.
- Recognized as a Leader in the IDC MarketScape: Worldwide AI-Driven Digital Strategy and Consulting Services for Oil and Gas Companies 2026 Vendor Assessment.
- Positioned as a Leader in the Everest Group Pharmaceutical R&D IT Services PEAK Matrix® Assessment 2026.
- Positioned as a Leader in the Everest Group Life and Annuity (L&A) Insurance IT Services PEAK Matrix® Assessment 2026.
- Infosys Finacle recognized as a Leader in the IDC MarketScape: Worldwide Trade Finance Systems 2026 Vendor Assessment.
- Infosys Finacle rated as a Leader in the 2026 Gartner® Magic Quadrant™ for Retail Core Banking Systems in Europe.
- Infosys Finacle received Global BankTech Awards 2026 by the Digital Banker 2026 in three categories: Outstanding Trade Finance Solution by a Vendor; Best Liquidity Management Solutions Provider by a Vendor; and Best Treasury Management Solutions Provider by a Vendor.
Read more about our Awards & Recognitions here.
About Infosys
Infosys (NSE, BSE, NYSE: INFY) is a global leader in AI first business consulting and technology services. Over 325,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. As navigators of enterprise transformation, we enable businesses in 59 countries to unlock AI value at scale. With over four decades of experience in managing the systems and workings of global enterprises, we accelerate business transformation through our AI-first value framework, deep domain expertise, and our unique ability to orchestrate innovations from our AI-native partner ecosystem. Infosys is recognized as the fastest growing IT services brand globally, committed to being a well-governed, environmentally sustainable partner for our clients where deep talent expertise, in an inclusive workplace, help them navigate their next.
Safe Harbor
Certain statements in this release, including those concerning our future events, future growth prospects, our future financial or operating performance and our offerings and collaborations, are "forward looking statements" intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on our current expectations, assumptions, estimates and projections about the Company, our industry, economic conditions in the markets in which we operate, and certain other matters. These forward-looking statements are subject to substantial known and unknown risks, uncertainties and other factors, that could cause actual results or outcomes to differ materially from those implied by such forward-looking statements. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence, the complex and evolving regulatory landscape including immigration regulation changes, particularly in the United States, our Environmental, Social, Governance ("ESG") vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity and capital resources, our corporate actions including acquisitions, cybersecurity matters, the outcome of pending litigation and the US government investigation, and the effect of current and future tariffs. These and additional factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2026. These filings are available at www.sec.gov. In light of these and other uncertainties, you should not conclude that the results or outcomes referred to in any of the forward-looking statements will be achieved. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company's filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

NOTES:
a) The above information is extracted from the audited condensed consolidated Balance sheet and Statement of Comprehensive Income for the quarter and six months ended September 30, 2026, which have been taken on record at the Board meeting held on October 23, 2026.
b) Revenue growth in reported currency includes the impact of currency fluctuations. Additionally, we calculate constant currency (CC) growth by comparing current period revenues in respective local currencies converted to US$ using prior period exchange rates and comparing the same to our prior period reported revenues.
c) A Fact Sheet providing the operating metrics of the Company can be downloaded from www.infosys.com.
d) As the quarter and six months ended figures are taken from the source and rounded to the nearest digits, the quarter figures in this statement added up to the figures reported for the previous quarter might not always add up to the six months ended figures reported in this statement.
IFRS-INR Press Release: https://www.infosys.com/investors/reports-filings/quarterly-results/2026-2027/q2/documents/ifrs-inr-press-release.pdf
Fact sheet: https://www.infosys.com/investors/reports-filings/quarterly-results/2026-2027/q2/documents/fact-sheet.pdf
(ADVERTORIAL DISCLAIMER: The above press release has been provided by PRNewswire. ANI will not be responsible in any way for the content of the same.)

IndiGo welcomes Goa’s ATF VAT rationalisation, urges similar measures amid high fuel costs

ANI — Fri, 23 Oct 2026 18:39:42 +0530

New Delhi [India], October 23 (ANI): IndiGo has welcomed the Goa government's decision to rationalise Value Added Tax (VAT) on Aviation Turbine Fuel (ATF), saying the move would support the aviation ecosystem, enhance air connectivity and strengthen the state's tourism sector.
The airline's response comes as the Goa government notified a 7 per cent VAT rate for the ATF category covered under a revised entry in Schedule C of the Goa Value Added Tax Act, 2005. The notification will take effect on October 24, 2026.
In a post on X, IndiGo thanked Chief Minister Pramod Sawant for the decision and expressed hope that other states would consider similar measures amid elevated aviation fuel costs.
“We sincerely thank the Hon’ble Chief Minister of Goa, @DrPramodPSawant, for the progressive decision to rationalise VAT on Aviation Turbine Fuel in the state,” the airline said.
“This is a welcome move towards strengthening the aviation ecosystem, enhancing air connectivity and supporting Goa’s vibrant tourism sector,” it added.
IndiGo linked its appeal for similar measures elsewhere to the need to make flying more accessible for passengers.
“We hope this progressive approach inspires others to consider similar measures, particularly at a time when ATF costs remain high, to help make air travel more accessible for customers,” the airline said.
The government notification, issued by the Department of Finance (Revenue and Control) on October 23, substitutes the existing entry at serial number two in Schedule C of the state's VAT legislation.
The revised entry prescribes a 7 per cent rate for “Aviation Turbine Fuel other than covered by entry (1) above,” retaining a distinction between this category and fuel covered under the preceding entry.
Signed by Under Secretary Finance (Revenue and Control) Naresh Gaude, the notification was issued by order and in the name of the Governor of Goa.
IndiGo also thanked the chief minister for his continued commitment to aviation growth. While the airline highlighted the potential benefits for connectivity, tourism and accessibility, its statement did not announce any corresponding change in ticket prices. (ANI)

RBI's Rs 2.5 lakh crore liquidity infusion raises questions over tightening policy signal: SBI Report

ANI — Fri, 23 Oct 2026 18:22:54 +0530

New Delhi [India], October 23 (ANI): The Reserve Bank of India's decision to inject Rs 2.5 lakh crore into the banking system through repo auctions has raised questions over its liquidity management approach, even as the central bank has adopted a tighter monetary policy stance to address inflation concerns, according to a report by the State Bank of India (SBI).
In its Ecowrap report, SBI said the RBI had sent a clear and consistent message on monetary tightening through its policy resolution, the Governor's statement and the MPC minutes.
However, it questioned the rationale behind injecting liquidity while the central bank was pursuing a calibrated tightening approach.
"We, however, find it a little difficult to understand the reasons behind the RBI's move to inject liquidity through repo auctions of Rs 2.5 lakh crores even as the primary objective is to ensure that the RBI is in a 'calibrated tightening' mode and the RBI Governor also emphasising less on liquidity in the October policy," the report said.
SBI noted that the RBI had moved the operating rate to the upper end of the policy corridor, describing it as an appropriate signal during a tightening cycle. However, it said the liquidity infusion appeared difficult to reconcile with the central bank's emphasis on controlling inflation.
The report also pointed to the RBI's decision to cancel all Treasury bill auctions, suggesting that markets could interpret the measures as attempts to fine-tune movements in bond yields.
Despite these steps, SBI expects Indian government bond yields to remain elevated. The report said yields were unlikely to decline even as US Treasury yields had fallen below 5 per cent, citing expectations of elevated crude oil prices and developments in global bond markets.
SBI said the spread between Indian government securities and US Treasury yields had reached 250 basis points and was moving towards normalisation. It added that elevated crude oil prices could prevent domestic yields from declining.
The report also highlighted the RBI's changing emphasis in its assessment of economic risks. According to SBI, the October MPC minutes placed greater emphasis on external conditions and financial stability than the August minutes, while giving less emphasis to liquidity and monetary policy transmission.
SBI said this reflected the RBI's increased awareness of threats to external stability arising from widening geopolitical conflicts, even as inflation concerns remained central to the decision to tighten monetary policy.
On the broader policy approach, SBI argued that the RBI should avoid managing liquidity through simultaneous injections and withdrawals.
"We believe, while concerns on financial stability may have played a part, but it is better for RBI to stay away from two-way liquidity management policy of both injection and withdrawal simultaneously," the report said.
Instead, SBI continued to advocate widening the Liquidity Adjustment Facility (LAF) corridor, arguing that it could act as an automatic stabiliser during periods of uncertainty. (ANI)

York and Bengaluru to tackle challenges of turning waste into clean energy

ANI — Fri, 23 Oct 2026 18:17:28 +0530

VMPL
New Delhi [India], October 23: Chancellor of Garden City University, Dr Joseph V.G., and Chief Reputation and Stakeholder Relations Officer, Joan Concannon at the University of York, present the Memorandum of Understanding between the two institutions. Demonstrating their shared commitment to environmental sustainability, GCU and the University of York exchanged an MoU at a special Networking Dinner in Bengaluru held in the presence of Mayor David Skaith, Shri Sharath Bache Gowda, MLA, Hoskote and GCU Chancellor Dr. Joseph V.G, to establish the proposed Bio-Resource Centre of Excellence at GCU’s Hoskote campus. The MoU, sets out the ambition to accelerate research into green technology and sustainable agriculture. The new MoU sets out the intent to begin a pilot study focused on anaerobic digestion and waste recovery systems, led by Professor James Chong, Director of the Centre of Excellence for Anaerobic Digestion (CEAD) - a research centre established between the University of York and Yorkshire Water.
Renewable energy
Anaerobic digestion turns waste materials into renewable energy and nutrient-rich fertiliser and is seen as a crucial technology to increase the sustainability of industry and reduce carbon emissions. The new project will create technologies that are optimised for their location, making them suitable for both British and Indian environments, and test them to recover more energy from waste, such as food waste, wastewaters, and animal slurries.
York and North Yorkshire Combined Authority (YNYCA) aims to use research from the trial to support its broader strategy to become a carbon-negative region.
Shared challenge
Professor James Chong, Director of CEAD and Head of the University of York’s Department of Biology, said: "Turning waste into energy is a shared challenge for Yorkshire and for fast-growing regions like Karnataka.
“Our BioYorkshire initiative in the UK, alongside partners in Bengaluru, can work together to set up a real-world testing facility, providing us with a comparison of these challenges across two countries.
“This should then give us evidence on how well anaerobic digestion technologies perform and what they cost, giving businesses, governments, and investors in both countries the confidence to scale-up clean energy solutions."
Civic engagement
Partners will work to expand high-growth sectors, including agri-tech and clean energy, whilst establishing more regular engagement between civic leaders, industry and academics in both regions.
GCU in Bengaluru has recently opened a new campus at Hoskote to the east of the city, where the pilot study will be hosted, and the University will support York experts in exploring the wider applications of anaerobic digestion research in Karnataka.
The engagement was anchored by a high-level meeting with Shri Priyank Kharge, Minister of Home Affairs, IT and BT, Government of Karnataka, attended by the visiting Mayoral delegation led by Mr. David Skaith, Mayor of York and North Yorkshire, alongside senior leadership from both universities. The meeting advanced a Letter of Intent (LoI) with the Government of Karnataka, positioning the University of York and its strategic local partner GCU at the center of bilateral research, tech translation, and regional cooperation.
Unveiling a World-Class Sporting Facility: The GCU Oval
As part of the official delegation visit, Mayor David Skaith joined the grand inauguration of the GCU Oval, Garden City University’s state-of-the-art cricket facility situated at its Student Knowledge Park in Hoskote. Designed to international standards, the world class ground will serve as a premier platform for cultivating athletic excellence, hosting fixtures, and bridging classroom learning with professional sports development.
Under the three-year Statement of Intent signed by Ms. Joan Concannon (University of York) and Dr. Christo Joseph (GCU):
- University, college, and grassroots cricket teams from Bengaluru and Yorkshire will participate in reciprocal training tours, competitive exposure, and friendly fixtures.
- Both institutions will develop joint programmes and short courses in sports science, sports analytics, sports management, and event operations.
Grassroots player and coaching development pathways will be established in collaboration with regional cricket foundations and sporting bodies across Karnataka and Yorkshire.
Leadership Perspectives
Mr. David Skaith, Mayor of York and North Yorkshire:
“Our meetings in Bengaluru from fruitful discussions with Minister Shri Priyank Kharge to visiting Garden City University demonstrate the tremendous potential of regional collaboration. Whether through shared sporting passions on the cricket pitch or pioneering clean-energy solutions, connecting Yorkshire and Karnataka creates lasting value for our communities, students, and economies.”
Mr. Sharath Bache Gowda, Member of Legislative Assembly, Government of Karnataka
“I really didn’t think that when we met less than a year ago, we’d be standing here formalising an agreement between Garden City University and the University of York. It’s a true testament to the dedication of Joseph Sir, who has spent the past two decades building a vision for a university. Today, on about 100 acres, he has created a university that I’m sure will become a landmark not just in Karnataka or India, but across the world. Through free scholarships and affordable programmes, Garden City University is working to make education accessible to everyone, especially those at the bottom of the pyramid. While we must work at the bottom of the pyramid, we must also work at the top—and that is what we are doing with Garden City University.”
Dr. Joseph V.G., Chancellor, Garden City University:
“Inaugurating the world-class GCU Oval and establishing our strategic partnership with the University of York, supported by our engagements with the Government of Karnataka and Mayor David Skaith, is a landmark moment. From converting waste to clean energy at our proposed Bio-Resource Centre to offering global pathways in sports science and cricket, this partnership connects higher education directly to societal and economic impact.”
Ms. Joan Concannon, Member of the University Executive Board, University of York:
“The University of York is proud to collaborate with Garden City University and engage closely with the Government of Karnataka. Sport, research translation, and sustainability provide exceptional avenues for international cooperation, creating tangible opportunities for student mobility, joint research, and deep UK–India institutional ties.”
Dr. Christo Joseph, FRSA, Director – Strategy and Planning, Garden City University:
"International partnerships must produce tangible outcomes that touch lives. Through our engagement with Minister Shri Priyank Kharge, the inauguration of our world-class GCU Oval, and our collaborative work on bio-resources with the University of York, we are actively turning academic vision into practical impact for Karnataka and beyond."
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Sundaram Alternates Invests Additional Rs 80 Crore in VRX Homes, Taking Total Backing to Rs 160 Crore

ANI — Fri, 23 Oct 2026 18:05:22 +0530

PNN
Chennai (Tamil Nadu) [India], October 23: In a strong reaffirmation of confidence in VRX Homes’ growth story, Sundaram Alternates has committed an additional ₹80 crore in the company, taking its total investment in the Chennai-based real estate developer to ₹160 crore. The fresh infusion comes as VRX Homes enters a major expansion and delivery phase across key residential markets in Tamil Nadu.
The latest investment follows Sundaram Alternates’ earlier ₹80 crore backing and underscores continued institutional confidence in VRX Homes’ business model, execution capability, and long-term growth potential.
The funding announcement comes at a significant moment for the company, with possession having commenced at what is being recognised as Tamil Nadu’s largest smart home community, marking a key milestone in VRX Homes’ residential development journey.
After VRX Homes had already delivered 986 apartments, the company has now started the handover process for another 722 apartments, taking the total number of delivered and handover-initiated apartments to 1,708. It has also announced that it is on course to deliver another 820 apartments this year, further strengthening its position as a growing force in Tamil Nadu's residential real estate sector.
The newly secured capital will now be directed towards accelerating development across some of VRX Homes’ major ongoing projects, including 1,352 apartments in Thirumazhisai and Porur, two emerging residential corridors that continue to see increasing demand driven by infrastructure expansion and urban growth.
In addition, the company will also focus on developing 146 villa plots in Oragadam, a fast-growing region that has become an important destination for both residential buyers and long-term investors.
VRX Homes, which counts Indian cricketer Ravichandran Ashwin as its brand ambassador, continues to strengthen its market visibility as it scales operations during this next phase of growth.
The additional investment from Sundaram Alternates comes at a time when institutional backing remains a critical marker of confidence in the real estate sector, particularly for developers with proven delivery capability and a scalable project pipeline.
With fresh capital, strong delivery momentum, and a growing development footprint across key regions, VRX Homes is entering a significant phase of expansion in Tamil Nadu’s housing market.
Referral Link: https://vrxliving.com/
(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.)

SEBI's call-recording rules for research analysts to come into effect from November 8

ANI — Fri, 23 Oct 2026 18:03:12 +0530

Mumbai (Maharashtra) [India], October 23 (ANI): The Securities and Exchange Board of India (SEBI) has announced that the proposed relaxation in mandatory call-recording requirements for research analysts and research entities dealing with institutional investors will come into effect from November 8, 2026, as per a circular shared by the market regulator on Friday.
Under the revised framework, research analysts and research entities will no longer be required to mandatorily maintain call recordings of their interactions with institutional investors. However, the regulator clarified that the broader requirement to maintain records of client interactions will continue to apply.
“The purpose of the records of the client interaction is to document the interaction to cater to potential client grievances related to research services provided by the RA/ research entity. Hence, RAs/ research entities shall ensure compliance with the provision for maintenance of records of interactions for all their clients,” it said, adding, “requirement to maintain call recordings of interactions with clients which are institutional investors shall not be mandatory.”
SEBI further clarified that call recordings are not required where client interactions take place through communication channels such as email, for which a digital footprint is already available.
The regulator also specified that record-maintenance requirements apply to both fee-paying and non-fee-paying clients receiving research services as a value-added offering alongside other paid services.
As per the revised provisions, records must be maintained from the first interaction with a client until the completion of research services.
Research analysts and research entities are required to preserve these records for five years. However, “in case where dispute has been raised, such records shall be kept till resolution of the dispute or if SEBI desires that specific records be preserved, then such records shall be kept till further intimation from SEBI.”
SEBI has directed the Research Analysts Administration and Supervisory Body (RAASB) to make necessary changes to its rules to implement the circular. It has also asked the body to inform all registered research analysts about the revised norms and publish the details on its website.
“The provisions of this circular shall come into effect from November 08, 2026,” it said. (ANI)

29 CA Wallah Students Shine in CA Intermediate Results, Secure Ranks Under AIR 50

ANI — Fri, 23 Oct 2026 18:01:22 +0530

VMPL
New Delhi [India], October 23: CA Wallah, the Chartered Accountancy preparation vertical of PhysicsWallah (PW), has recorded a notable achievement in the Chartered Accountants (CA) Intermediate September 2026 examination, with 29 students securing All India Ranks (AIRs) under 50. Among the top performers, Mohammed Qutub Riyan secured AIR 11, Ronak Kumar achieved AIR 14, and Dip Roy secured AIR 20.
Announced by the Institute of Chartered Accountants of India (ICAI) on October 22, 2026, the results mark an important milestone for CA aspirants across the country. The achievement highlights the dedication required to navigate one of India's most demanding professional qualification pathways and underscores the importance of structured preparation, conceptual clarity and sustained practice.
Building on previous performances, CA Wallah recorded 12 All India Ranks (AIRs) in the CA Intermediate May 2026 examination and 16 AIRs in January 2026. With 29 AIRs in the current examination, it further strengthens its track record of students achieving strong results in CA Intermediate.
Reflecting on their achievements, Mohammed Qutub Riyan (AIR 11) said, “Clearing the CA Intermediate examination is a moment of immense happiness and gratitude. Although the journey initially seemed tough, I continued working through challenging topics, and the consistent support of my family and teachers at CA Wallah helped me prepare with confidence.” Ronak Kumar (AIR 14) added, “Building conceptual clarity, regular revision and practising questions helped me approach the examination with confidence. I am grateful to everyone who supported me throughout this journey.” Dip Roy(AIR 20) said, “Preparing for CA Intermediate taught me the value of discipline and perseverance. My teachers at CA Wallah helped me stay committed to my study plan and overcome challenging concepts.”
Commenting on the achievement, Manish Kumar, Chief Project Officer, PhysicsWallah (PW), said, “Having 29 CA Wallah students secure All India Ranks under 50 in the CA Intermediate examination is a proud moment for us. This achievement reflects the students’ dedication and our academic teams' commitment to providing the right guidance and building stronger conceptual understanding among students. At PW, we remain focused on helping aspiring Chartered Accountants with the knowledge and confidence needed to progress in their professional journeys.”
The results reaffirm CA Wallah’s commitment to guiding aspiring Chartered Accountants through structured academic support, regular revision and practice. The students’ achievements reflect the value of consistent effort and determination, serving as an inspiration to fellow aspirants as they work towards their own goals.
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Swiggy and JioHotstar Partner for an Interactive Campaign: Bring to Life the Roadies Rebirth Menu

ANI — Fri, 23 Oct 2026 18:00:33 +0530

BusinessWire India
New Delhi [India], October 23: Swiggy, India’s leading on-demand convenience platform, has partnered with JioHotstar and MTV for the 21st season of its iconic youth reality show, Roadies Rebirth. It has also rolled out a unique, interactive campaign to bring alive the Roadies excitement through food. As a part of the partnership, Swiggy has rolled out a playful “OGs vs NewGs” contest on the app and launched the Roadies Rebirth Menu that includes two thematic menus, under The OGs and The NewGs, curated for the Swiggy app. The OGs dishes includes the timeless, comforting classics like Dal Chawal, Chole Bhature, Biryani and The NewGs includes fresh, global and new dishes like Ramen, Smoothies, Sushi, Avocado Toast, Cold Brew, Matcha, Cheesecake etc.
To drive discovery, Swiggy has enabled over 50+ distinct keywords to power the thematic search journey. Inside the app, a real-time scoreboard amplifies the competitive 'OGs vs NewGs' battle vibes, aligning with the rivalry and spirit of Roadies Rebirth.
With this gamification, the brands are creating an immersive experience and an interactive playground for community, entertainment and food preferences, mirroring how today’s audience eats, lives and engages with trends that define them. The idea was to bring the campaign theme and players alive on the platform in a very contextual and interesting way by curating thematic menus that are hosted inside a branded destination on the platform.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by BusinessWire India. ANI will not be responsible in any way for the content of the same)

Manipal University Jaipur Hosts Second International Conference on AI and Computing; Researchers from 16 Countries Participate

ANI — Fri, 23 Oct 2026 17:58:15 +0530

NewsVoir
Jaipur (Rajasthan) [India], October 23: Manipal University Jaipur (MUJ) is hosting the second International Conference on Artificial Intelligence and Computing (ICAIC 2026), bringing together researchers, academicians, industry professionals and students from across the world to deliberate on emerging developments, research challenges and real-world applications of Artificial Intelligence (AI) and computing. The three-day conference, organised by the Department of Computer Science & Engineering, School of Computer Science & Engineering, commenced on October 22 and will conclude on October 24, 2026.
The inaugural session was graced by Dr. Somitra Kumar Sanadhya, Professor, Wadhwani School of AI & Intelligent Systems, IIT Kanpur, as the Chief Guest, and Dr. Emmanuel S. Pilli, Professor, Department of Computer Science & Engineering, Malaviya National Institute of Technology (MNIT) Jaipur, as the Guest of Honour. Dr. Niti Nipun Sharma, President, Manipal University Jaipur; Cdr. (Dr.) Anil Rana, Pro-President, Manipal University Jaipur; and Dr. Kuldip Singh Sangwan, Dean, Faculty of Science, Technology and Architecture, were also present at the inaugural ceremony, which began with the traditional lighting of the lamp.
Building on the success of its inaugural edition, ICAIC 2025, the conference aims to provide an international platform for the exchange of research ideas, interdisciplinary collaboration and discussions on the evolving role of AI in addressing real-world challenges. The second edition has attracted an impressive response from the global research community, receiving 736 research paper submissions. Following a rigorous peer-review process, 81 papers were accepted, representing an acceptance rate of approximately 11 per cent and reflecting the conference's emphasis on research quality and academic rigour.
The conference has drawn participation from 16 countries, including the United States, the United Kingdom, Germany, Italy, Russia, Latvia, Taiwan, Vietnam, the Philippines, Bangladesh, Saudi Arabia, the United Arab Emirates, Oman, Iraq, Nigeria and India. The international participation underscores the growing relevance of AI and computing research and provides opportunities for knowledge exchange among researchers and professionals from diverse academic and technological backgrounds.
The technical programme is structured around three major tracks. The first, Artificial Intelligence and Its Applications, explores developments in healthcare, medical imaging, robotics and intelligent systems. The second, Open Innovation & Industry Applications, focuses on areas such as financial technology, sustainability, education and Industry 4.0. The third, Advanced Computational Techniques and Emerging Trends, addresses emerging areas including quantum computing, cybersecurity, explainable AI and augmented and virtual reality (AR/VR). Special sessions further explore Generative AI, intelligent healthcare, cloud security and sustainable digital transformation, highlighting the expanding applications of AI across sectors.
A significant academic outcome of ICAIC 2026 is the planned submission of all accepted and presented papers for publication in Springer's Lecture Notes in Networks and Systems (LNNS) series in two volumes. The series is indexed in SCOPUS, DBLP, INSPEC and zbMATH, providing an established platform for disseminating research findings to the wider scientific and academic community.
Through ICAIC 2026, Manipal University Jaipur seeks to strengthen international research engagement, encourage interdisciplinary collaboration and promote dialogue between academia and industry on emerging technologies.
Established in 2011, Manipal University Jaipur is a NAAC A+ accredited institution and part of the Manipal Education and Medical Group (MEMG). Located on a 122-acre campus in Rajasthan, the university offers programmes across diverse disciplines, including engineering, computer science, management, law, architecture, humanities and sciences. With an emphasis on academic excellence, interdisciplinary research, innovation, entrepreneurship and industry collaboration, MUJ provides an environment that encourages students and faculty members to engage with emerging technologies and address contemporary societal challenges. The university continues to strengthen its national and international academic partnerships and research ecosystem in alignment with its vision of advancing knowledge, fostering innovation and preparing graduates for a rapidly evolving global landscape.
To know more about Manipal University Jaipur please visit – jaipur.manipal.edu
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From the vibrant Aahara Mela to on-ground experiences, Coca-Cola's beverage portfolio adds to the spirit of Mysuru Dasara

ANI — Fri, 23 Oct 2026 17:54:06 +0530

PRNewswire
Mysuru (Karnataka) [India], October 23: As Mysuru's Dasara 2026 celebrations draw to a close, Coca-Cola India together with its bottling partner Hindustan Coca-Cola Beverages (HCCB), enhanced the festive experience through a series of on-ground activations, consumer engagements, and expanded retail touchpoints across the city. With a presence at Aahara Mela, Mysuru's biggest food festival, the company made its beverages accessible at key gathering points, complementing the city's food culture and festive traditions.
At Aahara Mela, over 150 food stalls offered visitors a diverse range of culinary choices, with Sprite and Coca-Cola featured prominently across the festival. The beverages complemented the food offerings, giving visitors an opportunity to pair their favourite drinks with the flavours on offer.
Adding a distinct food-led engagement to the festivities, Sprite X Spicy made its first on-ground appearance at Mysuru Dasara. Bringing together the heat of spicy food and the refreshing taste of Sprite, the activation invited visitors to explore the classic pairing of spice and refreshment during the festival.
Beyond Aahara Mela, Coca-Cola India extended its presence through branded horse carts, highway activations with Sprite and Rimzim for wall paintings and chilling centres across key locations and travel routes, including Chamundi Hills, Brindavan Gardens, the Mysuru Dasara Flower Show at Kuppanna Park, and Srirangapatna. Sampling of Rimzim Zeera and Minute Maid tetra packs, alongside promotions for Sprite Lemon Mint, was also carried out to keep the visitors refreshed.
Desmond Nikhil Dsouza, Vice President – Integrated Operations (HCCB) & Commercial, Coca-Cola India & Southwest Asia, said, "Festivals bring communities together through shared traditions, local experiences and moments of celebration. Our beverage portfolio and on-ground experiences add to the many ways people enjoy these occasions. Through our diverse beverage portfolio, on-ground presence and extensive bottling and distribution network, we seek to be part of these special occasions, while also recognizing the contribution of our local retailers and distribution channels who are integral to the festive ecosystem."
Vinay Nair, Chief Commercial Officer, Hindustan Coca-Cola Beverages (HCCB), said, "Delivering a consistent consumer experience during a large-scale celebration such as Mysuru Dasara requires strong execution across our distribution network and close engagement with distributors and retail partners. Our focus is on ensuring product availability across relevant consumer touchpoints, backed by strong operational readiness and effective market execution to meet demand during the festive period."
Through its presence at Mysuru Dasara, Coca-Cola India extended its beverage portfolio across the city's festive and culinary landscape, while working alongside local retail partners to serve consumers and support the ecosystem that makes the celebrations possible.

About Coca-Cola
Coca-Cola in India is one of the country's leading beverage companies, offering a range of high-quality and refreshing beverage options to consumers. The company, in line with its vision of 'Beverages For Life' offers a wide portfolio of products which includes hydration, sports, sparkling, coffee, tea, nutrition, juice and dairy based products. In India its beverage range includes Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Thums Up, Thums Up XForce, Charged, Fanta, Limca, Sprite, Sprite Zero, Kinley Soda, Rimzim, Maaza, Minute Maid range of juices and Honest Tea. The Company also offers hydration beverages including Limca GlucoCharge, Smartwater, Kinley, Kinley Copper, Dasani and Bonaqua packaged drinking water. Premium products constitute Schweppes' range and Smartwater. In addition, it offers a Costa Coffee range of tea and coffee. The Company is constantly transforming its portfolio, from reducing sugar in its drinks to bringing innovative new products to market.
The Company along with its owned bottling operations and franchise bottling partners has a strong network of over six million retail outlets through which it refreshes millions of consumers across the country. It seeks to positively impact people's lives, communities, and the planet through water and packaging initiatives, sustainable agriculture and emission reductions across its value chain.
Globally together with its bottling partners, The Coca-Cola Company employs more than 700,000 people, helping to bring economic opportunity to local communities worldwide. Learn more at www.cocacolacompany.com and follow us on Twitter, Instagram, Facebook and LinkedIn.
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BIRC 2026: IREF expects rice trade MoUs to cross Rs 50,000 crore

ANI — Fri, 23 Oct 2026 17:53:33 +0530

New Delhi [India], October 23 (ANI): The Indian Rice Exporters' Federation (IREF) expects memorandums of understanding (MoUs) worth more than Rs 50,000 crore to be signed at the Bharat International Rice Conference (BIRC) 2026, as the event brings together rice exporters and international buyers amid concerns over falling global production, rising fuel costs and shipping disruptions.
Dev Garg, Vice President of IREF, told ANI in an exclusive conversation that the organisation expects business commitments at this year's conference to exceed those recorded during the previous edition.
"Last year we signed MOUs worth 32,000 crores. I'm quite sure that this year that figure will cross more than 50,000 crores," Garg said.
He added that the final business figures would become clearer by the end of the three-day conference, which opened at Bharat Mandapam in New Delhi on Friday.
"This year, we have lined up more than 2,000 B2B meetings. All these B2B meetings will be recorded, and the feedback will be observed," he said.
The conference has recorded 32,467 registrations, including 4,856 buyers from 153 countries. The event aims to help Indian rice exporters explore new markets, assess the global rice price outlook for 2027 and identify opportunities to improve returns across the industry.
Highlighting the scale of participation, Garg said the event had attracted people from across India and overseas.
"More than 32,000 people from 153 countries and, most importantly, the people who are visiting this conference from India. More than 92 per cent of them are from outside Delhi," he said.
However, the rice industry faces several challenges that could affect production, trade and prices in the coming months.
Garg said global rice production was expected to decline, citing estimates from the United States Department of Agriculture (USDA).
"The USDA had estimated that the rice production of the world will fall from 545 million metric tons to 533 million metric tons. That is a fall of nearly 12 million tons," he said.
According to Garg, India could account for 7 million tonnes of the expected decline in global production. He described the projected fall in India's paddy crop as a major concern for the industry.
The sector is also dealing with disruptions to shipping routes amid the West Asian crisis and rising fuel prices, he said. Changes in import policies, including higher tariffs and restrictions in some countries, have added to exporters' concerns.
Garg said these challenges would be discussed during the conference as industry participants assess the outlook for international rice prices and export demand.
Despite the headwinds, he expressed confidence in the industry's long-term prospects.
"But all I can say is that in spite of these challenges, we have a bright future ahead," he said.
BIRC 2026, which opened at Bharat Mandapam in New Delhi on Friday, is a three-day event, organised by the Indian Rice Exporters' Federation (IREF). It brings together Indian rice exporters and international buyers to explore new markets, assess the global rice price outlook for 2027 and identify opportunities to improve returns across the industry.
It features nine knowledge sessions and discussions on key industry issues, including global rice prices and ways to improve returns for participants across the rice value chain. (ANI)

Trishakti Industries Delivers 133% Revenue Growth and 141% EBITDA Growth in Q2FY27, Accelerating its Next Phase of Expansion

ANI — Fri, 23 Oct 2026 17:52:39 +0530

VMPL
Kolkata (West Bengal) [India], October 23: Trishakti Industries Limited (BSE: 531279), India’s fast-growing infrastructure equipment rental company, today announced its standalone financial results for the quarter ended Sept 30, 2026 (Q2 FY27), delivering robust growth driven by strong fleet expansion, high utilization, and sustained demand across infrastructure and renewable sectors.
The Company delivered exceptional performance in Q2 FY27, with Revenue increasing ~2.33x YoY and EBITDA rising ~2.41x YoY, reflecting strong execution and operating leverage.
Key Standalone Quarterly Financial Highlights – Q2 FY27
- Revenue from Operations: Increased by 133.14% year-on-year to ₹1,550.53 lakh in Q2 FY27, compared to ₹665.07 lakh in Q2 FY26.
- EBITDA: Grew by 140.74% to ₹944.08 lakh, compared to ₹392.16 lakh in the corresponding quarter of the previous financial year.
- EBITDA Margin: Improved to 60.89% from 58.97%, marking an increase of 192 basis points.
- Profit After Tax (PAT): Increased by 223.05% to ₹518.92 lakh, compared to ₹160.63 lakh in Q2 FY26.
- PAT Margin: Improved to 27.65% from 24.01%, registering an increase of 364 basis points.
- Basic Earnings Per Share (EPS): Rose by 216.33% to ₹3.10, compared to ₹0.98 in the corresponding quarter last year.
Key Standalone Half-Yearly Financial Highlights – H1 FY27
- Revenue from Operations: Increased by 178.42% year-on-year to ₹2,988.65 lakh, compared to ₹1,073.45 lakh in H1 FY26.
- EBITDA: Grew by 170.15% to ₹1,789.65 lakh, compared to ₹662.46 lakh in the corresponding half-year period.
- EBITDA Margin: Stood at 59.88%, compared to 61.71% in H1 FY26, reflecting a decline of 183 basis points.
- Profit After Tax (PAT): Increased by 277.26% to ₹949.03 lakh, compared to ₹251.56 lakh in H1 FY26.
- PAT Margin: Improved to 26.67% from 23.31%, marking an increase of 336 basis points.
- Basic Earnings Per Share (EPS): Rose by 268.83% to ₹5.68, compared to ₹1.54 in the corresponding half-year period of the previous financial year.
Note: The financial results are standalone and unaudited, subject to limited review by the statutory auditors. EBITDA excludes other income, while EBITDA and PAT margins are calculated on total income. H1 figures are cumulative for six months.
Management Commentary:
Mr. Dhruv Jhanwar, Chief Executive Officer of Trishakti Industries Limited, commented:
“Q2 FY27 reflects the strength and scalability of our Infrastructure equipment rental model. Revenue from operations grew 133.14% year on year to ₹1,550.53 lakhs, EBITDA Increased 140.74% to ₹944.08 lakhs and PAT rose 223.05% to ₹518.92 lakhs. For H1 FY27, Revenue stood at ₹2,988 lakhs, EBITDA ₹1,789.65 lakhs and PAT ₹949.03 lakhs.
Having completed over 90% of our ₹40,000 lakhs capex programme, with Approximately 37,000 lakhs deployed inclusive of GST, we are now announcing “Mission 2030 – a Target of 1,00,000 lakhs in cumulative capex by 2030” this Marks the next phase of Trishakti’s growth as we expand our fleet, strengthen Our market presence and capitalise on India’s Infrastructure growth story, while Maintaining a sharp focus on asset utilisation, profitability and disciplined Capital allocation.”
About Trishakti Industries Limited:
Founded in 1985, Trishakti Industries Ltd is a leading provider of heavy equipment solutions, supporting critical infrastructure sectors including construction, railways, steel, power and oil & gas.
Company boasts a fleet of advanced cranes, man-lifters, piling rigs and earth-moving machinery, serving marquee clients such as Tata Steel, Adani Group, ONGC and L&T.
Tri Shakti’s ₹400 crore multi-year CAPEX program (FY25–FY27) is focused on expanding its fleet capacity, improving operational efficiencies and capturing a growing share of India’s large-scale project development market.
With a sharp focus on asset-light, high-margin rental operations, Tri Shakti Industries is building a resilient, scalable platform for sustainable growth.
Disclaimer:
This document contains forward-looking statements, which are not historical facts and are subject to risks and uncertainties such as government actions, local developments, and technological risks. The Company is not responsible for any actions taken based on these statements and does not commit to publicly updating them to reflect future events or circumstances.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same.)

C-DAC, Bank of India join hands to develop indigenous quantum technologies for banking

ANI — Fri, 23 Oct 2026 17:52:17 +0530

New Delhi [India], October 23 (ANI): The Centre for Development of Advanced Computing (C-DAC) and Bank of India (BOI) have signed a Memorandum of Understanding (MoU) to explore indigenous quantum technologies and emerging digital solutions for banking, with a focus on cybersecurity, financial innovation and building a future-ready banking ecosystem.
The MoU was signed on October 22, 2026, establishing a framework for joint research and development, pilot implementations, technology demonstrations and capacity-building initiatives in areas relevant to the banking and financial services sector, according to the Ministry of Electronics and Information Technology.
The collaboration will combine C-DAC's expertise in high-performance computing, artificial intelligence (AI), quantum technologies, blockchain and cybersecurity with Bank of India's banking expertise and technology infrastructure.
A key focus will be the development of a Quantum Ecosystem for Financial Innovation, aimed at preparing banking systems for opportunities and security challenges arising from quantum technologies. The two organisations will explore quantum-inspired and quantum-safe solutions to strengthen security, resilience, trust and decision-making in banking.
The partnership will also identify priority banking use cases, develop proofs of concept in secure sandbox environments and assess their technical feasibility and potential value. The organisations will benchmark emerging technologies against existing systems and prepare roadmaps for further development, pilot projects or adoption.
S. Krishnan, Secretary at MeitY, appreciated Bank of India's collaboration with C-DAC and emphasised the need to build a quantum-resilient financial ecosystem amid growing cybersecurity concerns and emerging technological threats.
E. Magesh, Director General of C-DAC, said the collaboration would help translate India's indigenous quantum and emerging technology capabilities into practical banking solutions through joint research, development and capacity building.
“Quantum technologies have the potential to reshape several aspects of banking, from cybersecurity to complex financial decision-making,” said Rajiv Mishra, Executive Director of Bank of India, adding that the partnership would help the bank evaluate emerging technologies and build the capabilities required for the next generation of banking.
Beyond quantum technologies, the MoU covers potential applications of AI and blockchain, including intelligent document processing, fraud analysis, credit analytics, secure AI platforms, smart contracts, digital identity and secure data sharing.
The partnership will also support training programmes in quantum computing, quantum security, AI, blockchain and other emerging digital technologies.
Through the initiative, C-DAC and Bank of India aim to create a pathway for translating indigenous research into practical banking applications and strengthening India's secure and technologically resilient financial ecosystem. (ANI)

Beyond Conventional Homes: Amaya Senior Living Reimagines Luxury Retirement

ANI — Fri, 23 Oct 2026 17:51:38 +0530

VMPL
Hyderabad (Telangana) [India], October 23: After decades spent building careers, raising families and fulfilling responsibilities, retirement offers the opportunity to approach life on one's own terms. For those who have worked hard to create a life of comfort and financial independence, the next chapter can be about more than a beautiful home. It can be about having the freedom to pursue personal interests, enjoy exceptional hospitality, cultivate meaningful friendships and make time for experiences that everyday responsibilities often leave little room for.
It is this vision that underpins Amaya Senior Living, a luxury, hospitality-led residential community being developed by Vera Vita Living LLP in Hyderabad. Conceived for discerning individuals seeking a more enriching approach to retirement, Amaya brings together the privacy of an independent residence, the ease of professionally managed services and the opportunities of an active, socially engaging lifestyle.
Located in Medchal, alongside the 700-acre Kandlakoya Reserve Forest, Amaya is designed as a residential destination where thoughtful design, natural surroundings and curated experiences come together to create a distinctive way of living. At its heart is a simple proposition: the privileges of a well-appointed home, complemented by the conveniences of luxury hospitality and the freedom to make the most of every day. In a conventional residence, dining, housekeeping, maintenance, recreation and other everyday requirements often need to be organised separately. At Amaya, these elements are brought together within a professionally managed community, allowing residents to spend less time coordinating the practicalities of daily life and more time enjoying it. Residents will have access to a range of services, including professionally managed dining, housekeeping, concierge assistance, maintenance, security and lifestyle support. Designed to complement independent living rather than replace it, these services offer convenience and peace of mind while preserving the privacy and autonomy of each resident.
The centrepiece of the community is Club Amaya, a 35,000 sq. ft. private lifestyle clubhouse designed as the social, cultural and recreational heart of the development. With more than 100 curated amenities, the clubhouse brings together dining and social spaces, fitness and wellness facilities, a library, creative arts studios, recreational areas, therapy facilities and a dedicated performance and events hall.
A typical day might begin with a walk through landscaped gardens, followed by yoga or a fitness session and a leisurely breakfast. The afternoon could be spent exploring a creative pursuit, reading or meeting friends, while the evening might bring a cultural programme, a special dinner or an informal gathering. At Amaya, such experiences are envisioned as an integral part of everyday life, rather than activities that require separate planning or travel across the city.
Beyond amenities, the value of a community lies in the quality of the connections it makes possible. Amaya is designed to bring together like-minded individuals who share an appreciation for an active, fulfilling and independent lifestyle. Opportunities for shared interests, conversations, cultural engagement and new friendships coexist with the freedom to choose one's own pace, routine and degree of participation.
The residences reflect this philosophy through contemporary architecture, considered layouts and thoughtfully integrated senior-friendly features. Offering configurations from one-bedroom to 3.5-bedroom homes, with areas ranging from approximately 953 sq. ft. to 2,456 sq. ft., the residential offering combines the comfort and sophistication of premium housing with an emphasis on accessibility, safety and ease of use. Natural light, spacious interiors and contemporary aesthetics further contribute to an environment designed for long-term comfort.
The setting adds another dimension to the experience. Adjoining the Kandlakoya Reserve Forest, Amaya combines landscaped gardens, open spaces and a natural backdrop with connectivity to Hyderabad's urban infrastructure through the Outer Ring Road. The result is a setting that offers a sense of retreat without disconnecting residents from the city, its healthcare facilities or its wider social and cultural life.
Wellness and healthcare are integrated into the community as essential support systems, while independent living remains central to the experience. Planned services include access to a resident doctor, round-the-clock nursing assistance, physiotherapy, emergency-response support and coordination for specialist medical consultations. The intention is to provide reassurance and access to professional assistance without allowing healthcare to define the character of everyday life.
Recognising the importance of family and friendships, Amaya also incorporates guest accommodation and hospitality facilities for visiting relatives and friends. These provisions allow residents to welcome loved ones comfortably and enjoy time together, without the demands of hosting becoming an added responsibility.
Mr. Arudradev Rao, Co-founder of Vera Vita Living LLP, said: “For many people, a lifetime of hard work has been about creating a comfortable home, financial security and opportunities for their families. Retirement presents a different opportunity: the freedom to devote more time to themselves, their interests and the experiences they value. At Amaya, we are bringing together considered residential design, luxury hospitality, wellness and a vibrant community to make that possible. Our vision is to create a place where independence is complemented by convenience, where every day offers something to look forward to, and where retirement is embraced as an exciting new chapter.”
Founded by Arudradev Rao, Dhruv Badruka and Tanay Saboo, Vera Vita Living LLP aims to establish a distinctive presence in India's evolving luxury senior living segment, with a focus on hospitality, independence, wellness and meaningful social engagement.
For those who have already built a life of comfort and accomplishment, Amaya offers a different measure of luxury: greater freedom, fewer everyday obligations and more time for the things that make life fulfilling.
About Amaya Senior Living
Amaya Senior Living is a luxury, hospitality-inspired independent senior living community developed by Vera Vita Living LLP in Medchal, Hyderabad. Located alongside the Kandlakoya Reserve Forest, the development brings together premium residences, a 35,000 sq. ft. lifestyle clubhouse, more than 100 curated amenities, and integrated hospitality, wellness and healthcare services. Amaya is envisioned as a community where independence, comfort and enriching experiences shape a more rewarding approach to retirement.
Website: www.amayaseniorliving.com
(ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same.)

Binance's AI-Powered Security Systems Prevent $4.6 Billion in Crypto Losses, Protect 8 Million Users in First Half of 2026

ANI — Fri, 23 Oct 2026 17:46:31 +0530

PRNewswire
Mumbai (Maharashtra) [India], October 23: Binance, the global blockchain ecosystem behind the world's largest cryptocurrency exchange by trading volume and registered users, revealed that its AI-assisted security systems protected more than 8 million users and prevented approximately $4.6 billion (₹38,640 crore approx.) in potential losses during the first half of 2026, demonstrating how advanced technology is combating crypto-related fraud and scams in real-time.
- In the first half of 2026, Binance's AI-assisted risk systems helped protect more than 8 million users and prevent approximately $4.6 billion (₹38,640 crore) in potential losses.
- Eight layers of account protection form a single, real-time response — alerting, verifying, and intervening in proportion to the risk, so user experience stays smooth and accounts stay secure.
- Behind these systems is the Secure Asset Fund for Users (SAFU), an emergency reserve worth $1 billion (₹8,400 crore), backed by free security education that helps users do their part too.
As digital asset adoption grows across India, concerns about cryptocurrency security remain a key barrier for many potential investors. Binance's latest security data highlights how artificial intelligence and multi-layered protection systems are addressing these concerns in real-time.
How Binance's AI Stopped $4.6 Billion in Losses
Binance's AI-assisted risk systems check activity in real time and flag threats before they reach users, powered by more than 100 AI models working across anti-fraud and anti-scam controls. In H1 2026, these systems intercepted millions of scam and phishing attempts, blacklisted more than 42,000 malicious addresses, and issued over 14,000 real-time warnings every day.
These models now make 80% to 90% of real-time risk decisions, with human reviewers stepping in on the cases that need closer judgment. Together, these measures protected more than 8 million users globally and prevented approximately $4.6 billion (₹38,640 crore) in potential losses worldwide.
"These numbers represent real people whose savings were protected and families who avoided financial devastation," said SB Seker, Head of APAC, Binance. "Each prevented loss matters, especially in emerging markets like India where crypto represents a significant portion of many families' savings."
Binance's 8-Level Account Protection
Binance employs an eight layered system built on a real-time risk detection engine, designed to keep the crypto experience smooth and secure across the platform.
1. Multi-channel notifications: When suspicious activity is detected, Binance alerts users via email and in-app messages.
2. OTP verification: Sensitive actions require a unique, time-sensitive one-time password, so login details alone aren't enough for an attacker to proceed.
3. Roaming verification: Logins or actions from a new device, location, or unusual IP address trigger additional verification.
4. Passkey authentication (FIDO): Binance supports passkeys, a device-bound cryptographic login method (via Face ID/Touch ID) that is highly resistant to phishing and password theft.
5. Facial recognition: For higher-risk actions, facial recognition is required.
6. Forced logouts: If account takeover is suspected, Binance can force a hard reset, logging out all active sessions across devices so users can reset their password and secure the account.
7. Single withdrawal rejection: A suspicious withdrawal can be blocked individually. Users are notified, and can retry after additional verification if it was them.
8. Withdrawal function block: At the highest risk level, withdrawals may be temporarily paused as a final safeguard. Withdrawals resume only after security checks and confirmation from the account owner.
This layered approach ensures legitimate users experience smooth transactions while potential threats face multiple barriers.
$1 Billion SAFU Fund: Emergency Protection for Users
The Secure Asset Fund for Users (SAFU) is an emergency reserve that Binance set up in July 2018. SAFU funds protect user assets in extreme cases, such as security breaches or platform-level incidents. As of 2026, the fund holds approximately $1 billion (₹8,400 crore).
SAFU is a safety net for when other protections fall short, kept separate from operational accounts. If a security incident causes users to lose funds, Binance may use SAFU assets to compensate affected users.
Empowering Users Through Education
Binance's systems can stop millions of threats, and SAFU funds are in place for extreme cases. But no system can make every decision for users. Users decide whether to click a link, share a verification code, or approve a transaction. That makes users the last line of defense. That's why Binance focuses on giving users the knowledge to make that call with confidence.
Scams change quickly, so Binance's security blog series breaks down emerging scam tactics as they appear, with 10 deep dives published since the start of 2026. There's also a consolidated guide, which puts the key lessons in one place. For those who'd like a more structured approach, Binance's free Binance Academy course on managing risk teaches users how to protect themselves. Pick whichever works for you—the outcome is the same: knowing what to watch for.
"Users are the last line of defense," Seker explained. "No system can make every decision for you. Our goal is to provide knowledge so users can make informed choices with confidence."
Security as a Shared Responsibility
While Binance's systems monitor threats continuously, the company emphasizes that security is a collaborative effort. Users are encouraged to:
- Enable all available security features on their accounts
- Stay informed through security education resources
- Remain vigilant about suspicious links, messages, and requests
- Never share verification codes or passwords with anyone
As cryptocurrency adoption expands in India and globally, Binance's H1 2026 security data demonstrates how advanced technology, substantial financial reserves, and user education can work together to create a safer digital asset ecosystem.
About Binance
Binance is a leading global blockchain ecosystem behind the world's largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 300 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means. For more information, visit: https://www.binance.com .
For all media queries, please contact: binance@adfactorspr.com
(ADVERTORIAL DISCLAIMER: The above press release has been provided by PRNewswire. ANI will not be responsible in any way for the content of the same.)

Why Child Car Seat Safety Matters: Loopie's European Standards

ANI — Fri, 23 Oct 2026 17:45:37 +0530

VMPL
New Delhi [India], October 23: Loopie brings UN ECE R44/04-certified European car seat safety to Indian families with the Loopie Lap, engineered with added side-impact protection to fit both ISOFIX and seat-belt cars on Indian roads.
Every day, millions of Indian children travel by car, yet far too many still ride unrestrained or in seats that don't meet recognised safety standards. As awareness grows, more parents are asking a harder question than "Which car seat looks good?" They're asking, "Which one will actually protect my child in a crash?"
Loopie, a premium baby-gear brand founded by Akriti Gupta and featured on Shark Tank India, was built to answer exactly that. The result is the convertible Loopie Lap, Loopie's baby car seat in India.
Child car seat safety matters because the physics are unforgiving. In a collision, an unrestrained child, or one in a poorly secured seat, faces a much higher risk of serious injury. A properly certified, correctly installed car seat is one of the most effective ways to protect a child on the road. That is why certification is not a marketing detail for Loopie. It is the starting point.
The Loopie Lap carries UN ECE R44/04 certification, the European safety standard for child restraints. It is engineered with a 5-point harness and grows with the child from birth to around 12 years (0–36 kg), across Groups 0+/1/2/3, in both rear-facing and forward-facing modes, so families invest once in a seat that keeps protecting their child at every stage.
Why R44, and not the newer R129? It was a deliberate call. Gupta says India is more ready for an R44, for two reasons.
- The cars: R129 is primarily designed for ISOFIX-compatible cars, which works well in Europe, where the market moved to ISOFIX-only cars a while back. India still has both types on the road.
- The rules: R129 requires babies to stay rear-facing up to 15 months. With child-restraint rules only loosely applied in India, Gupta believes most families would not follow that requirement in practice.
R44 does not test for side impact, so Loopie added it to the Lap itself: integrated side-impact protection, plus extended side wings that add coverage around a child's head, neck, and upper body. In her words, the result is "a strong, cozy, full-coverage car seat which is right for India.
Loopie has also designed the Lap for the reality of Indian cars. Because ISOFIX anchor points are not mandatory in India, many global car seats do not fit local vehicles. The Lap installs both ways securely, via ISOFIX with Top Tether or the standard three-point seat belt, so it is compatible with the full range of cars on Indian roads, not just premium models.
Safety should never be a luxury or an afterthought; it should be the baseline," said Akriti Gupta, Founder of Loopie. A car seat is the one piece of gear standing between your child and the road. Parents deserve to know it's been held to a real, recognised standard, and that it will actually fit the car they drive. That's the promise we built the Loopie Lap around.
Certification is only part of the picture. Even a certified seat protects a child only when it is used correctly: the harness should sit snug, the seat should be firmly secured with ISOFIX or the seat belt, and young children should ride rear-facing for as long as the seat allows. Small habits like these matter as much as the label on the box.
When choosing any car seat, parents should check three things: a recognised safety certification, a secure fit in their own car, and a seat that suits their child's weight and age. The Loopie Lap is built around all three.
The Loopie Lap convertible car seat is available at the Loopie website and at Loopie retail locations.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same.)

Malaysia Hosted Influential Leaders of Asia as Team Marksmen Celebrated Leadership That Shaped the Future

ANI — Fri, 23 Oct 2026 17:44:07 +0530

PNN
New Delhi [India], October 23: Team Marksmen Network hosted Influential Leaders of Asia 2026 on 9 October 2026 at Sofitel Kuala Lumpur Damansara, Malaysia, marking a significant milestone in the platform’s expansion beyond India and its recognition of visionary leaders shaping businesses, industries, and the region’s evolving landscape.
Themed “Leading with Resilience, Rising with Purpose,” this initiative brought together prominent business leaders, industry pioneers and policymakers to recognise leadership excellence, organisational transformation and contributions to Asia’s evolving economic landscape.
The event unfolded with a welcome address by Sharad Gupta, Co-Founder & MD, Team Marksmen Network. He highlighted Asia’s worldwide impact in innovation, technology, and industry. He also stated that Leaders must develop trust and resilient organisations while adjusting to geopolitical shifts, artificial intelligence, and sustainability problems. Additionally, he emphasised the significance of honouring companies and executives for their contributions to communities and sectors.
The evening commenced with our keynote address by Dato’ Sri Dr Haji Irmohizam, Group Managing Director, World Trade Centre Kuala Lumpur, on “The New Asian Playbook: Leading Through Uncertainty, Winning Through Purpose.” His address shared his belief in lifelong learning, highlighting how knowledge is essential for success. He discussed the growing complexity and uncertainty of today’s world, where geopolitical changes, natural disasters, and artificial intelligence are reshaping industries and influencing business decisions. He underscored the importance of adaptability, noting that while we cannot predict every disruption, we can prepare ourselves to respond with resilience and clarity.
Bringing together diverse perspectives on the future of business and leadership, the symposium featured a power panel titled “From Regional Champions to Global Powerhouses: Building Organisations for Asia’s Next Decade.” The session brought together distinguished industry leaders Hrishikesh Pawar, Managing Director Malaysia & Brunei, Otis Elevators; Krishnamurthy Sriram, CEO and Executive Director, Malaysia, Wipro Unza; Puneet Bhatla, Managing Director, GE Power India Limited & GEV Steam Power Services India Leader; and Siva K Pichai, Managing Director Asia, BMI Group, which was moderated by Anuar Shuib, Chairman of the International Development Committee of the Malaysian Financial Planning Council (MFPC), to discuss the strategic priorities shaping Asia’s next phase of growth.
The discussion focused on how businesses can handle economic and political challenges, use AI effectively, build stronger organisations, and earn trust through sustainable practices and good governance.
Adding to the evening’s deliberations, Chief Guest Dr. V. Sivakumar delivered an address on “Asia’s Defining Decade: Unlocking Growth Through Visionary Leadership and Global Collaboration.” The address highlighted Asia’s defining decade, emphasising visionary leadership, responsible AI adoption, innovation, and global collaboration. It stressed the importance of sustainable and inclusive growth, job creation, and investment in people, concluding that Asia’s future prosperity depends on the choices made today.
The ceremony celebrated the achievements of leading brands, acknowledging their continued efforts to strengthen credibility, inspire consumer confidence, and shape the future of their respective industries.
Driven by research, this unique initiative shortlisted the following influential leaders from across industries, those recognised in a glittering recognition ceremony included:
- Dato’ Sri Dr. Haji Irmohizam, Group Managing Director, World Trade Centre, Kuala Lumpur
- Anuar Shuib, Chairman of the International Development Committee of the Malaysian Financial Planning Council (MFPC)
- Asif Abbas, Managing Director, Malaysia & Vietnam, Buhler Group
- Bhavna Agarwal, Managing Director, HPE India
- Bijuraj Sarangi, Managing Director – Business Transformation & Growth, Accenture Southeast Asia
- Dr. V. Sivakumar, Member of Parliament for Batu Gajah, Member of Parliamentary Select Committee on Nation Building, Education and Human Resources Development, Chairman of Malaysia Convention and Exhibition Bureau (MYCEB)
- Hrishikesh Pawar, Managing Director – Malaysia and Brunei, Otis Elevators
- Kenny Ong, Managing Director, Sony Music Malaysia, Singapore, Vietnam And Special Projects Southeast Asia
- Krishan Bhargava
- Krishnamurthy Sriram, CEO and Executive Director, Malaysia, Wipro Unza
- Naveen GV, Chief Global COE Officer & Managing Director, Benchmark Gensuite
- Puneet Bhatla, Managing Director, GE Power India Limited and GEV Steam Power Services India Leader
- Sagar Dighe, Chief Executive Officer, MAG Culinary Solutions (MAGCS)
- Shailendra Shukla, Managing Director, Mobility Group, Eaton Industries
- Shaji Varghese, CEO, Muthoot FinCorp Ltd
- Siva K Pichai, Managing Director, Asia, BMI Group
- Sudipta Adhya, Managing Director & Co-Head, Bank of New York, India
Reflecting on the evening, Rajesh Khubchandani, Co-Founder and Managing Director, Team Marksmen Network, remarked, “This edition not only celebrated exceptional individual journeys but reinforced the collective strategic intent of India’s corporate sector. True leadership must be rooted in purpose to navigate complexity and ensure India’s ascent remains both powerful and sustained.”
About Team Marksmen Network:
Team Marksmen Network (TMN) is India’s fastest-growing B2B media firm, dedicated to driving industry leadership, fostering collaboration, and igniting thought leadership across sectors. We specialize in creating impactful B2B platforms that bring businesses and leaders together to share insights, collaborate, and drive innovation. Our solutions amplify stories of resilience and transformation, empowering organizations to lead and succeed in an ever-evolving marketplace.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same.)

ORN Ventures announces plans to expand to 100 cities across India, empowering a new generation of travel entrepreneurs

ANI — Fri, 23 Oct 2026 17:39:50 +0530

VMPL
New Delhi [India], October 23: ORN Ventures, a technology-enabled global holidays company, has announced plans to expand its franchise network to 100 cities across India, aiming to create new opportunities for travel entrepreneurs while making international holidays more accessible to customers across the country.
The expansion is part of ORN's vision to build a globally connected travel platform that combines the strength of local entrepreneurship with international operating capabilities, technology and a comprehensive portfolio of holiday experiences.
With international travel becoming increasingly accessible to Indian consumers, demand is evolving beyond conventional holiday packages towards more personalised, convenient and experience-led journeys. ORN aims to address this opportunity by enabling local travel businesses to offer a wider range of international holidays, backed by the company's global travel ecosystem.
A key differentiator of ORN's model is its focus on integrating the different elements of international travel, including transportation, accommodation, destination services, experiences and customer support. By bringing these capabilities together, ORN aims to simplify holiday planning and delivery while offering customers greater convenience, reliability and value.
The company's portfolio includes group holidays, customised itineraries, corporate travel and Private by ORN, its proposition for privately managed international journeys. Private by ORN enables travellers to explore destinations with their own chauffeur-driven vehicle, while ORN takes care of the wider holiday experience, from accommodation and sightseeing to travel arrangements and on-ground coordination.
Through its franchise model, ORN intends to make these international travel capabilities available to entrepreneurs across India, allowing them to focus on customer relationships, local market development and business growth while leveraging ORN's global products, technology and operational support.
Vinay Gupta, Founder & CEO, ORN Ventures, said:
"India has an extraordinary entrepreneurial ecosystem, and we believe the next phase of growth in international travel will come from combining local relationships with global capabilities.
At ORN, we are building a platform where entrepreneurs across India can access international holiday products, technology and destination operations without having to build that infrastructure themselves.
Our ambition is to make international holidays as simple, convenient and reliable as possible for customers, while enabling our franchise partners to build meaningful and scalable businesses.
Expanding to 100 cities is an important step in our vision of creating a globally connected travel ecosystem, with local entrepreneurs at its heart."
ORN's proposed expansion will focus on metropolitan centres as well as emerging cities where rising aspirations, growing international travel demand and local entrepreneurship present significant opportunities.
The company believes that a combination of global operating capabilities, technology-enabled services and a strong local franchise network can create a more efficient model for delivering international holidays at scale.
By connecting entrepreneurs across India to its international travel ecosystem, ORN aims to build a nationwide presence that brings the benefits of globally integrated travel operations closer to customers, while creating new avenues for business ownership and growth.

About ORN Ventures
ORN Ventures is a global holidays company focused on making international travel simpler, more accessible and more reliable. Through its technology-enabled platform and international operating ecosystem, ORN offers group holidays, customised journeys, private chauffeur-driven holidays and corporate travel experiences. The company is building an integrated travel platform that brings together international travel products, destination operations, technology and customer service to deliver seamless holiday experiences.
Website: www.orn.com
(ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same.)

MEROO Launches Professional Nail Care Products in Bengaluru, Bringing Four Years of Research and Development to the Salon Industry

ANI — Fri, 23 Oct 2026 17:39:33 +0530

NewsVoir
Bengaluru (Karnataka) [India], October 23: MEROO, a professional nail care brand founded by Jitendra Kumar, officially launched its professional nail product range on October 5, 2026, at Taj West End, Bengaluru. The launch brought together renowned salon owners and nail artists from across Bengaluru to introduce a new range of professional nail care products developed to meet the evolving needs of the salon industry.
Drawing on Jitendra Kumar’s experience in the salon supply business through Beauty Centre, a renowned salon supply store in Bengaluru operating since 2009, MEROO has been developed with a deep understanding of the requirements of salon owners, nail technicians and professional nail artists. The brand has invested over four years in research and development to create a product portfolio focused on balancing price, quality and trust.
“Having served the salon industry through Beauty Centre in Bengaluru since 2009, I’ve gained first-hand insight into the needs of salon owners and nail professionals. This experience, combined with over four years of research and development, led to MEROO—a professional nail care brand built around the three things the industry values most: price, quality and trust. Our vision is to empower nail professionals with reliable products that inspire creativity and deliver results,” said Jitendra Kumar, Founder of MEROO.
A Comprehensive Range of Professional Nail Products
MEROO’s product portfolio has been designed to support multiple stages of professional nail services, from nail preparation and enhancement to creative nail art and finishing. The range caters to professional nail technicians, nail salons and beauty academies seeking products for a diverse range of nail treatments and artistic applications.
The brand’s signature colour collection features 108 gel polish shades, alongside glitter, disco, cat-eye, neon and jelly finishes. Its broader portfolio includes builder gel bottles and jars, sculpting gels, platinum gels and acrylic systems, offering options for nail extensions, overlays and sculpted nail enhancements.
Complementing its colour and enhancement systems, MEROO also offers nail art products and professional accessories, including brushes, files, cuticle tools, magnets, drills, bits and UV lamps. This comprehensive product range is intended to support nail professionals across everyday salon services, contemporary nail trends and intricate nail art techniques.
Built Around the Needs of Salon Professionals
MEROO’s development has been shaped by its founder’s longstanding engagement with the professional salon industry. Through Beauty Centre, Jitendra Kumar has gained direct exposure to the products, preferences and practical considerations that influence purchasing decisions among salon owners and nail technicians.
This industry experience informed the brand’s four-year research and development journey, with a focus on creating a professional nail care portfolio that addresses the market’s expectations around price, quality and reliability.
The brand emphasises premium formulations, consistent quality, trend-forward colours and professional performance. Its stated product attributes include highly pigmented colours, self-levelling application and long-lasting wear, with HEMA-free and TPO-free options highlighted in its gel polish collection.
Building Partnerships Across the Professional Beauty Industry
With its launch in Bengaluru, MEROO aims to establish relationships with nail salons, independent nail technicians and beauty academies while contributing to the professional nail care segment in India.
The brand’s vision is to become a trusted professional nail care partner by combining a comprehensive product portfolio with an understanding of the everyday needs of salon businesses. By focusing on innovation, creativity, quality and dependable performance, MEROO seeks to support professionals in delivering high-quality nail services while exploring new techniques, finishes and trends.
The launch marks the beginning of MEROO’s journey to build a strong presence in the professional beauty industry and develop long-term partnerships with the salon community.
For more information about MEROO’s professional nail care products, visit www.meroo.in, follow @merooofficial on Instagram or contact the brand directly.
MEROO is a professional nail care brand dedicated to serving nail technicians, salons and beauty academies with a comprehensive portfolio of nail products. Its range includes gel polish and specialty colour collections, builder and sculpting gels, acrylic systems, nail art products and professional accessories. Founded by Jitendra Kumar, MEROO is built around the principles of innovation, quality, creativity, trust and performance, with a focus on developing products that meet the evolving needs of the professional salon industry.
(ADVERTORIAL DISCLAIMER: The above press release has been provided by NewsVoir. ANI will not be responsible in any way for the content of the same.)

Leading French supermarket retailer faces up to €200 million hit from riots, looting

ANI — Fri, 23 Oct 2026 17:37:49 +0530

New Delhi [India], October 23 (ANI): A leading French supermarket retailer, Carrefour, has warned that riots, looting and curfews across France could cost it between €80 million (USD 90 million) and €200 million (USD 225 million) in operating income, forcing it to cut its annual earnings forecast amid disruptions to store operations, according to a Reuters report.
The retailer has lowered its outlook for 2026 adjusted earnings per share (EPS) to stable or slight growth, compared with its earlier forecast of growth in the high single digits. It also expects free cash flow to decline slightly compared with 2025.
According to Reuters, around 50 stores were attacked during the first day of unrest, with several looted and damaged. The company said the damage was considerable, while employees and business partners faced distressing situations.
The unrest has disrupted trading at a critical time for the retail sector, as the fourth-quarter shopping period begins. Consumer confidence was already weak due to high fuel prices, and the ongoing disturbances have further affected customer footfall at stores.
The retailer's finance chief said the direct costs included stolen or destroyed merchandise, damage to stores and equipment, and losses arising from outlets being forced to close. The company also expects continued disruption in the coming weeks, with some stores operating for shorter hours because of curfews.
Reuters reported that many of the retailer's approximately 6,000 stores across France were closed in anticipation of further unrest, including on Sunday and Monday. The company did not disclose the total number of outlets shut.
Costs have also risen as stores strengthened security arrangements, including hiring external security guards. The retailer was among those significantly affected because of its extensive network of convenience stores in major cities such as Paris, Lyon and Marseille.
The company's chief executive called for improved security during the next round of planned protests on October 24, while acknowledging that further business disruption could not be ruled out.
The impact of the unrest has also prompted the retailer to reduce its investment plans in France. It lowered its capital expenditure forecast for 2026 to €1.6 billion (USD 1.80 billion) from €1.7 billion (USD 1.91 billion).
The company had been preparing to launch its Black Friday sales events in the coming days, adding to concerns over the timing of the disruption, Reuters reported. (ANI)