• Bhubaneswar India
  • Contact+ 91-9938772605
  • Mon - Sat : 10:00AM - 6:00PM

Archive: September 1, 2026

Gopalpur Industrial Park builds INR 65,400 crore investment pipeline, strengthens Odisha’s green manufacturing ambitions

Bhubaneswar, Sept. 1 (UDN): Odisha’s Gopalpur Industrial Park (GIP) in Ganjam district is rapidly emerging as one of India’s key destinations for green energy and advanced manufacturing, with a planned investment pipeline exceeding ₹65,400 crore.

Gopalpur Industrial Park builds ₹65,400 crore investment pipeline, strengthens Odisha's green manufacturing ambitions

 Representational Image

Developed by Tata Steel Special Economic Zone Ltd (TSSEZL), the nearly 2,970-acre industrial park has attracted a diverse mix of projects spanning green hydrogen, green ammonia, renewable energy equipment, speciality chemicals, tyre manufacturing, mineral processing and food processing.

Green ammonia project marks latest milestone

The newest addition to GIP’s growing portfolio is a proposed 0.4 million tonne per annum (MTPA) green ammonia plant, backed by a memorandum of cooperation involving the Odisha government, Japan’s IHI Corporation, ACME Group, and TSSEZL.

The project also proposes a jetty-less floating terminal, aimed at supporting the export-oriented green ammonia ecosystem from Gopalpur.

Renewable energy manufacturing gains momentum

In another major development, TSSEZL and Tata Power Renewable Energy Ltd have signed a binding land transfer agreement for a proposed ₹10,000 crore manufacturing facility that will produce solar ingots and wafers, strengthening the park’s renewable energy value chain.

TSSEZL Managing Director Manikanta Naik said the vision of transforming Gopalpur into a globally competitive industrial hub is steadily becoming a reality, supported by the state’s investments in power and water infrastructure.

A growing industrial ecosystem

Several companies have either operational facilities or announced investments at GIP, including:

Avaada GreenH2
Ocior Energy
Hygenco
Saatvik Solar Industries
World Green Energy
SRF
ATC Tires
Tata Steel

The industrial park offers ready-to-use infrastructure, including internal road networks, power and water supply, drainage systems, environmental clearances and multimodal connectivity, making it an attractive destination for large-scale manufacturing projects.

Recognition and economic impact

GIP recently received the Smart Industrial Park Award at the Smart Logistics Summit & Awards 2026 held in Bhubaneswar, recognising its infrastructure and industrial ecosystem.

With investments continuing to flow into the park, Gopalpur is expected to generate significant direct and indirect employment while reinforcing Odisha’s position as a leading hub for low-carbon manufacturing and clean energy industries.

24X Completes First Spot Cryptocurrency Trade in BTC

Standard Chartered and Cumberland DRW Served as Counterparties for Inaugural Spot Crypto Trade

HAMILTON, Bermuda, Sept. 1, 2026 /PRNewswire/ — 24X Bermuda Limited (“24X“) today announced that it has completed its first spot cryptocurrency trade on its institutional-grade, multi-asset trading platform, becoming one of a select few global venues that offer both crypto spot and FX trading on a single, unified technology infrastructure.

The inaugural crypto spot trade was executed in Bitcoin (BTC) as part of 24X’s existing strategic partnership with Standard Chartered, a leading international banking group and one of the world’s global systemically important banks (G-SIBs). Standard Chartered acted as liquidity taker and Cumberland DRW served as liquidity provider for this trade. The transaction marks a significant milestone in the continued development of regulated, institutional-grade infrastructure for digital asset markets, demonstrating how established financial institutions and specialist liquidity providers are helping accelerate the adoption of digital assets by institutional investors.

24X CEO and Founder Dmitri Galinov said, “Institutional demand for digital assets has never been stronger, and today’s milestone crypto trade demonstrates that the 24X platform is ready for it. Our crypto trading infrastructure delivers the deep liquidity, rigorous oversight, and the same seamless workflow global financial institutions have come to expect from 24X. We are proud to have Standard Chartered and Cumberland DRW as the counterparties for this landmark transaction, and we look forward to rapidly expanding our crypto spot offering as global markets continue to converge around digital assets.”

John Newman, Standard Chartered’s Global Head of Rates & FX Trading and Head of Markets UK & Europe, said, “Institutional demand for digital assets continues to grow as the market evolves and regulatory frameworks mature. Standard Chartered is committed to providing clients with secure, regulated and institutional-grade access to digital asset markets. This successful trade highlights the strength of our global trading capabilities, robust infrastructure and risk management framework, while demonstrating how regulated banking institutions can help bridge traditional finance and the digital assets ecosystem.”

“We are proud to have served as liquidity provider to Standard Chartered for this milestone Bitcoin trade on 24X,” said Chris Zuehlke, Global Co-Head at Cumberland DRW. “For more than a decade, Cumberland has helped build institutional digital asset markets by providing deep, reliable liquidity backed by DRW’s 30-plus years of expertise managing risk across global financial markets. As institutional adoption accelerates, we remain focused on delivering the execution quality and market infrastructure that enable banks and other institutions to trade digital assets with confidence.”

24X Bermuda Limited’s Cryptocurrency activity is regulated by the Bermuda Monetary Authority. 24X also offers Deliverable Swaps, Non-Deliverable Swaps, Metals and Spot products to institutional customers in addition to NDFs. Since its launch in 2019, 24X’s multi-asset offering through a single trading interface has enabled market participants to access increased liquidity at lower cost.

About 24X

24X Bermuda Holdings LLC (“24 Exchange”) is a privately held company with two primary operating subsidiaries: 24X Bermuda Limited, which allows seamless and cost-effective exchange of currency exposures; and 24X National Exchange LLC, the first national securities exchange approved by the SEC to operate 23 hours each weekday. 24X’s mission is to enable cost-effective trades across a growing range of asset classes around the clock. 24X lowers the cost of exchanging assets in the global markets while delivering creative and unique workflows catered to each asset class. More information is available at https://24exchange.com/. 24X National Exchange enables retail and institutional customers around the world to trade in U.S. equities via broker-dealers who are approved members. More information about 24X National Exchange is available at https://equities.24exchange.com/home.

About Standard Chartered

We are a leading international banking group, with a presence in 54 of the world’s most dynamic markets. Our purpose is to drive commerce and prosperity through our unique diversity, and our heritage and values are expressed in our brand promise, here for good. Standard Chartered PLC is listed on the London and Hong Kong stock exchanges. For more stories and expert opinions please visit Insights at sc.com. Follow Standard Chartered on X (Opens in a new window)LinkedIn (Opens in a new window)Instagram (Opens in a new window) and Facebook (Opens in a new window).

Media Contact:

Eric Andrus, KARV

24Xmedia@karv.global

Cision View original content:https://www.prnewswire.co.uk/news-releases/24x-completes-first-spot-cryptocurrency-trade-in-btc-302864326.html

Machtravel.com and Mach Travel App Open for Public Beta Testing

NEW DELHI, Sept. 1, 2026 /PRNewswire/ — Mach Travel Solutions Limited (BSE: MACHLTD), a publicly listed technology-enabled travel solutions company, today announced that its B2C Online Travel Agency (OTA) platform, Machtravel.com, along with the Mach Travel mobile application, is now open for public beta testing.

Mach Travel App QR Code Download

During the public beta phase, users can access and explore multiple travel services on Machtravel.com, including Flights, Hotels, Holidays, MICE, Cruises and Visa services. The platform brings these offerings together under a single digital ecosystem, with a focus on technology, ease of use and competitive pricing.

The public beta marks an important milestone in the development of the Company’s B2C travel platform and allows users to experience the platform ahead of its full commercial launch.

The Company invites its shareholders, customers, travel partners and the wider public to explore the website and mobile application, test the booking experience and share their feedback. Inputs received during the beta phase will help the Company further refine the platform, enhance functionality and improve the overall user experience.

As the platform is currently in its beta phase, users may experience slower responsiveness, and certain features and functionalities may continue to be added, modified or optimized. The Company intends to progressively enhance the platform based on real-world usage and feedback received during the testing period.

Commenting on the commencement of public beta testing, Mr. Amit Bhatia, Chairman & Managing Director, Mach Travel Solutions Limited, said:

“Opening Machtravel.com and the Mach Travel App for public beta testing is an important milestone in our B2C journey. Our ambition goes far beyond building another online travel booking platform. Our mission is to revolutionise the way travel is searched, planned and booked by combining technology, a seamless user experience and competitive pricing on a single platform.



This is only the beginning. The platform is currently in beta, and we want our users to be an active part of its evolution. We invite our shareholders, customers, partners and the wider public to test the platform extensively and tell us what works, what does not and what they would like us to build next. Our objective is to continuously improve the platform through technology and customer feedback and build a travel experience that delivers both convenience and value.”

The public beta represents another step in Mach Travel Solutions’ transformation and its strategy to build a comprehensive travel ecosystem across both its existing businesses and emerging digital B2C offering.

Public Beta Website: https://www.machtravel.com/ 

About Mach Travel Solutions Limited

Mach Travel Solutions Limited (formerly Mach Conferences & Events Ltd.) is a publicly listed technology-enabled travel solutions company listed on the Bombay Stock Exchange (BSE: MACHLTD). Incorporated in 2004, the Company provides technology-enabled end-to-end travel solutions across Corporate Travel, MICE, B2B, Leisure and Government & Institutional Projects. The Company is also developing a B2C Online Travel Agency (OTA) platform as part of its strategy to build a comprehensive travel ecosystem.

The Company has a strong pan-India presence with offices in Noida, New Delhi, Kolkata, Mumbai, Bengaluru, Bhubaneswar and Ahmedabad, and is accredited by and associated with leading national and international travel associations, including IATA, GBTA, PATA, IATO, ADTOI, OTOAI, SKAL International, JATA, ICPB, EGAC and NIMA. For more information, please visit https://www.machtravelsolutions.com/

Contact Details

Mach Travel Solutions Limited

Ms. Yashashvi Srivastava

Company Secretary & Compliance Officer

Email: compliance@machtravel.com 

Website: https://www.machtravelsolutions.com/ 

Safe Harbour

This release contains statements that contain “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Mach Travel’s future business developments and economic performance. While these forward-looking statements indicate our assessment and future expectations concerning the development of our business, several risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, governmental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance.

Mach Travel Solutions undertakes no obligation to publicly revise any forward-looking statements to reflect future/likely events or circumstances.

Mach Travel Solutions Limited Logo

Cision View original content to download multimedia:https://www.prnewswire.com/in/news-releases/machtravelcom-and-mach-travel-app-open-for-public-beta-testing-302865691.html

Zydus Hospital, Ahmedabad crosses 300 Liver Transplants – Highest in Gujarat

The Odyssey of sailing through the tumultuous sea of liver complexities

AHMEDABAD, India, Sept. 1, 2026 /PRNewswire/ — The rise of sedentary jobs, lack of exercise and increased intake of processed foods have slowly driven one of the fastest-growing liver conditions, non-alcoholic fatty liver disease (NAFLD), which now affects 1 in 4 adults1,2.

Illustration of an adult human liver

Left untreated, it can progress through inflammation (NASH), scarring, and eventually cirrhosis or liver cancer3. This rising disease burden runs headlong into a stark shortage. Zydus Hospital, Ahmedabad, continues to push against this gap, and has recently crossed 300 liver transplants, marking a major liver transplant milestone for Zydus Hospital Ahmedabad.

Liver Transplant surgeries are multidisciplinary endeavours, complex and demanding. Zydus Hospital, through its liver transplant programme in Ahmedabad, challenges the existing limits of surgical capabilities and focuses on a collaborative, multi-disciplinary approach that sees a close coordination of experts across liver transplant surgeon, liver critical care specialist, anaesthesia, hepatologist, gastroenterologist, and nephrology (in case of simultaneous liver-kidney transplantation, or SLKT), who work in tandem to expand horizons for patient benefit.

The team has successfully performed living donor and deceased donor liver transplants, ABO-incompatible liver transplants, paediatric liver transplants, planned transplants for chronic liver disease (CLD), and emergency cases of acute liver failure. “Almost 40% of our patients arrive with acute-on-chronic liver failure (ACLF), and need a transplant within 24 to 36 hours of arriving” says Dr. Anand Khakhar, liver transplant and HPB surgeon in Ahmedabad, who has more than two and half decades of experience and is a recipient of the Dr. B.C. Roy Award. He recalls a 12-year-old boy who was rushed from Junagadh with ALF. “He was comatose, on ventilator support and dialysis. The one thing we could not afford in his case was sepsis or hypotension.” A drop in blood pressure could cause blood vessels to dilate further and rapidly worsen the his condition. “The child’s mother came forward as a donor, and while her evaluations were underway, he developed hypotension and sepsis was suspected,” said Dr. Anand. On closer assessment, the team determined it was necrotic tissue that was producing those symptoms. “We removed the necrotic liver, and stabilised him long enough that we could safely proceed with the transplant,” added Dr. Anand. The boy responded well during post-op and soon returned home. Performing such complex and challenging liver transplant cases need advanced infrastructure. As Dr. Yash Patel, Liver Transplant Surgeon, adds, “At Zydus, we have access to modular advanced OTs, dedicated liver ICUs, advanced MRI facilities, FibroScan imaging along with multidisciplinary support under one roof.”

Younger adults arrive in the same critical state, sometimes with added complications. A 22-year-old architecture student came to Zydus with ALF and was in a similar state. “In his case, in addition to dialysis, we also had to add toxin filters and he only had one suitable donor, his sister, but their blood group did not match,” says Dr. Anand. “We usually need to disable pre-existing antibodies with rituximab as part of a larger protocol that includes plasma exchange but as he was not in a condition to tolerate the rituximab, we ran a continuous plasma exchange until his antibody level came down to a level where his body could tolerate the transplant. We then proceeded with removing his spleen, and then transplanted his liver. The surgery went well and he recovered well” said Dr. Anand. Careful immunosuppression post-op balances the risk of organ rejection against infection risk and supports wound healing. “We have always prioritised the need and safety of our patients. If there are hurdles in the way, we try our best to overcome them,” added Dr. Khakhar.

“We, in India, have a huge burden related to chronic liver disease and its complications. Years back, in our early gastroenterology practice, there was no treatment for patients with advanced liver disease. We are fortunate to have a complete liver unit with an excellent transplant team at Zydus Hospital under one roof. Not only it has given a new hope but also a new life to these patients, who otherwise would have had a very poor quality of life and lifespan,” adds Dr. Nilay Mehta, Sr. Gastroenterologist and Endoscopist.

Dr. Himanshu Sharma, Liver Critical Care Specialist adds, “There is a common misconception that NAFLD which includes NASH is exclusive to individuals who are obese or overweight.” Despite a normal weight, affected individuals can still store harmful visceral fat around the liver. Recently, 37-year-old patient was airlifted from Chandigarh in a dire state. He was diagnosed with lean NASH related CLD. “His pre-op issues were significant and he had lost significant muscle mass. He was 6ft tall and weighed only 43kgs. He came with lower abdominal wall infection and a bad case of cellulitis. We needed to stabilise him before going ahead with the transplant. Our ICU team along with physiotherapy and rehab, put in tremendous work and helped him rebuild his strength over the month he spent with us. He recovered slowly and was discharged. It’s been two years now and he’s doing well and gone back to practicing law,” Dr. Himanshu added. The Liver Critical Care team and the transplant rehab specialist, Dr. Himani Goswami along with Shruti Bhardwaj, Nutritionist, played a tremendous role in his journey to recovery and normalcy.

At the core, Zydus understands the importance of multidisciplinary work across different fields and creates an environment where teams can collaborate and work on demanding cases comprehensively. A 50-year-old man from Raipur, suffering from Autosomal Dominant Polycystic Kidney Disease (ADPKD), was admitted to Zydus Hospital. ADPKD is the most commonly inherited cause of end-stage kidney disease, which sees the development of several large cysts in both kidneys. “This patient needed simultaneous liver and kidney transplantation. Further, his large native left kidney was full of cysts and had to be removed to make space for the transplanted kidney. One large liver cyst contained a large amount of pus, making its removal additionally difficult,” said the team. Several factors complicated his case and transplanting both his organs successfully was indeed a ‘Herculean task’. 

Navigating such dual transplants involve several intricacies due to the stark differences in anaesthesia, critical care goals and pre- and post-op goals of both liver and kidney transplant teams. These and many such diabolically opposite requisites are usually resolved through superior clinical acumen and a higher-order cognitive collaboration between the stalwarts in the field. The team at Zydus includes top Gastroenterologists and Hepatologists in Gujarat including Dr. Nilay Mehta, Dr. Ajay Choksey, Dr. Hardik Kotecha, and Dr. Tejas Modi, renowned Nephrologists, Dr. Himanshu Patel, Dr. Prakash Darji, Dr. Devang Patwari and Dr. Kamal Goplani, Anaesthetists, Dr. Meeta Agarwala, Dr. Kairav Shah, Dr. Vikram Patel, Dr. Paragsinh Gohil and Dr. Nimesh Prajapati, and Radiologist, Dr. Bhavik Shah and team. This cross-discipline integration of such kind ensures excellent patient care and a holistic approach to patient management.

In South-east Asia, almost 80% patients are living donors. In this scenario, donor safety in living donor liver transplantation is of the utmost importance. “To operate on them safely, send them home in good health, and make sure their recovery is unhindered — that’s our goal,” says Dr. Yash. “These donor surgeries are major in their own right, and the focus we put into them is what sets us apart, I feel. Donor safety is very close to my heart” he adds. There is also an urgent need for living donors who can come forward and help create organ donation awareness amongst the community, as liver is a regenerative organ, and a part of it can be donated without disturbing the quality of life. To know more, visit https://zydushospitals.com 

Innovations in medical science are reflected in the evolution of newer, safer and more sophisticated techniques that have significantly enhanced the quality and viability of liver transplants. At Zydus Hospital, Ahmedabad, such advances are translated into clinical excellence and have brought renewed hope to thousands of patients and their families.

References:

1. Nd AM. Non-Alcoholic Fatty Liver Disease, an Overview. Integr Med (Encinitas). 2019;18(2):42-49.

2. Hallsworth K, Adams LA. Lifestyle modification in NAFLD/NASH: Facts and figures. JHEP Rep. 2019;1(6):468-479.

3. Bertot LC, Jeffrey GP, Wallace M, et al. Nonalcoholic fatty liver disease-related cirrhosis is commonly unrecognized and associated with hepatocellular carcinoma. Hepatol Commun. 2017;1(1):53-60.

Zydus Hospital Logo

Cision View original content to download multimedia:https://www.prnewswire.com/in/news-releases/zydus-hospital-ahmedabad-crosses-300-liver-transplants—highest-in-gujarat-302865018.html

Pocket FM’s Sound of Courage Celebrates Rohan Bopanna’s Inspiring Journey of Defying Age and Expectation

India, Sep 1: After spotlighting inspiring stories of resilience, social change and environmental action, Pocket FM returns with the fourth chapter of its acclaimed documentary series, Sound of Courage, featuring Indian Lawn Tennis legend Rohan Bopanna. The latest film chronicles his extraordinary journey of overcoming injuries, self-doubt and age-related stereotypes to become the oldest first-time World No. 1 in men’s doubles, proving that determination knows no age.

Pocket FM’s Sound of Courage Celebrates Rohan Bopanna’s Inspiring Journey of Defying Age and Expectation

The latest chapter turns its focus to one of India’s most celebrated tennis players, whose toughest opponent was never across the net, but the expectations that came with time itself. From picking up a racquet as a young boy to representing India for over two decades, Rohan Bopanna built his life around tennis. But as injuries mounted, recovery became harder, and questions about retirement grew louder, the conversation around him shifted from what he could still achieve to when he should stop.

Rather than accepting the ending others had written for him, Bopanna chose reinvention. He adapted his training, prioritised recovery, embraced change, and continued believing in himself when many believed his best years were behind him. At 43, he defied expectations to become the oldest first-time World No. 1 in men’s doubles, rewriting the narrative around longevity in professional sport and proving that passion, resilience and self-belief can outlast age.

“Every chapter of Sound of Courage begins with a simple belief that courage is universal, and Rohan’s journey embodies that spirit,” said Vineet Singh, Global Head, Brand Marketing, Communications, Partnerships & Public Affairs, Pocket FM.

The new film builds on the growing legacy of Sound of Courage, reinforcing Pocket FM’s belief that courage takes many forms. Whether it is breaking barriers in sport, creating change within communities, or challenging society’s expectations around age, every chapter celebrates individuals who choose purpose over fear and conviction over convention.

Rooted in perseverance, resilience and self-belief, Rohan Bopanna’s story reminds us that while time moves forward for everyone, it never has the final say. Sometimes, the greatest victories come when we choose to keep believing in ourselves long after others have stopped.

Sound of Courage is Pocket FM’s immersive documentary series that celebrates people and communities who choose conviction over convention, tuning out the noise around them to follow the voice that matters most—their own.

The film was conceptualised by Pocket Entertainment’s in-house creative team, which led the visualisation, direction and production.

Ownership Group Acquires Shasta Pools, Announces Expansion Plans to Offer Complete Home Services

SCOTTSDALE, Arizona (August 31, 2026) – Dansons Capital Group, in partnership with Accrual Equity Partners (AEP) and Hydro Construction (HydroCon), completed the acquisition of Shasta Pools, Phoenix Metro’s most recognized pool builder, and announced an immediate expansion into the broader home services market with plans to grow the brand into a national powerhouse. Founded in 1966 by brothers Bob and Skip Ast, the third-generation, family-owned pool business has built or renovated more than 150,000 pools across Maricopa County and is among the country’s top premier pool builders. The acquisition, finalized August 6, positions the company with a competitive edge as it enters a new phase of accelerated growth.

Building on Shasta’s track record of success, the ownership group will grow the company’s core business divisions, including residential and commercial pool construction and renovation, Shasta Signature Series luxury pool designs, backyard hardscaping solutions, extended warranties, and e-commerce supplies. The deal also directs new capital into Shasta’s high-volume, recurring pool maintenance business, establishing a scalable foundation for an expanded home services portfolio.

Expanding the Home Services Model

Shasta Pools will also debut Shasta Home Services, the first step in the company’s expansion into a comprehensive home services platform. Shasta enters the space with more than 200,000 customer relationships, route density in Central Arizona, and a 60-year brand homeowners have entrusted with their homes. The company plans to aggressively expand the platform organically and through partnership across the essential services every home depends on.

In addition, work has begun on a new, state-of-the-art design center and headquarters in Scottsdale that will centralize operations and give customers a welcoming, creative atmosphere to reimagine their yards. The campus will also anchor a technology-driven contact center staffed by a world-class team that creates a single point of contact for every Shasta customer, from pool service to the company’s expanding home services platform.

A Partnership Rooted in Shared Values

Dansons Capital Group, a family business led by CEO Dan Thiessen, President Jeff Thiessen, and COO Jordan Thiessen, built and grew a portfolio of backyard-focused businesses including Pit Boss Grills, which they scaled into a worldwide brand before selling in June 2023.

Jeff Thiessen sparked a relationship with the Ast family during the construction of his own backyard pool, a personal experience that gave him firsthand insight into the industry’s potential. Recognizing the Ast family’s shared values and significant opportunity with strategic investment, he partnered with AEP and HydroCon to pursue that growth together.

“Shasta Pools has national industry brand recognition and has been an Arizona legacy for the last 60 years and we’re excited to reinvest in the company and catapult its growth into the next 60 years,” said Jeff Thiessen, President, Dansons Capital Group. “We’ve already met with more than 200 employees to learn what they love about Shasta Pools and hear their ideas of how we can grow the company and continue providing our customers with amazing customer service.”

Dan Thiessen will serve as Chairman and lead the new ownership team to identify and hire top industry talent and grow Shasta’s home services platform to develop it into a national brand.  

Legacy Preserved, Future Secured

“This was the right time to bring in a new ownership team to take Shasta Pools to the next level and the next generation of growth,” said Skip Ast Jr., who served as president at Shasta Pools. “My father and my family built this company on a commitment to quality to every homeowner who trusted us with their backyard, their budget, and their own family. We’re confident that the new leadership team’s commitment to uphold that will never change. Knowing this team shares our values and will invest in our team gives Shasta Pools the foundation to grow stronger than ever.”

Ast helped build Shasta Pools to a dominant force in the industry, with multiple divisions topping $100 million in combined revenue. The company holds membership in the prestigious Master Pools Guild, one of only 110 members globally.

A Different Approach to Private Equity

“Partnering with Shasta Pools represents the future of home services. A trusted, generational brand, Shasta brings 200,000 loyal customer relationships with a genuine commitment to the people who serve them every day,” said Jacob Tilzer, Co-Founder and Managing Partner at Accrual Equity Partners. “Together with our partners at Dansons Capital Group and Hydro Construction, we all share a belief that enduring businesses are built on trust, earned one customer at a time. We’re proud to build alongside this team as Shasta grows into a nationwide home services brand.”

The new ownership group brings more than 150 years of combined expertise in building, scaling, and optimizing service industry brands. Each company shares a faith-based approach to business grounded in stewardship, integrity, and care for the communities they serve. Shasta Pools’ brand will continue its community programs, including swim lessons, support for foster care, and initiatives serving first responders.

Search ends for 22 missing crew of MV Ocean Winner off Odisha coast; seafarers presumed dead

Paradip, Sept. 1 (UDN): The week-long search for 22 crew members missing after the sinking of Panama-flagged bulk carrier MV Ocean Winner off the Odisha coast has been officially called off, with rescue authorities now presuming the missing seafarers dead.

The Maritime Rescue Coordination Centre (MRCC) and the Indian Coast Guard (ICG) ended the extensive search-and-rescue operation after days of coordinated efforts across the Bay of Bengal failed to locate any additional survivors.

Massive rescue operation yields only two survivors

The 28-year-old cargo vessel sank on August 22 soon after departing Paradip Port with around 72,000 tonnes of iron ore destined for China via Singapore.

Of the 24 crew members on board, only two Chinese nationals survived after being found aboard a life raft. They were later repatriated to China through Kolkata after completing immigration and other formalities.

Multi-agency search

The search operation involved Indian Coast Guard ships, Indian Navy aircraft and vessels, merchant ships in the area and two Chinese vessels that joined the rescue efforts.

During the operation, rescuers recovered an empty lifeboat and the vessel’s emergency beacon, but no trace of the remaining crew members was found despite sustained searches across a wide stretch of the Bay of Bengal.

Investigators are expected to rely on the testimony of the two rescued crew members as part of efforts to reconstruct the sequence of events that led to the vessel’s sinking.

Probe shifts to cause of sinking

With rescue efforts now concluded, the focus has shifted to determining what caused the bulk carrier to sink shortly after leaving Paradip.

Investigators are expected to examine the vessel’s condition, cargo, voyage records and the circumstances preceding the accident to establish whether any technical failures or other factors contributed to the tragedy.

Meanwhile, reports indicate that no FIR has yet been registered in connection with the maritime casualty, a development that has prompted questions from maritime stakeholders seeking clarity on the legal process following one of the region’s most significant recent shipping disasters.

Odisha’s Kabita Hikaka clears NEET on third attempt, but financial crisis clouds MBBS dream

Rayagada, Sept 1 (UDN): Kabita Hikaka, a tribal student from Odisha’s Rayagada district, has achieved her long-cherished dream of clearing the National Eligibility-cum-Entrance Test (NEET). But for the aspiring doctor, the next challenge is not securing a medical seat—it’s finding the money to pursue an MBBS degree.

Odisha's Kabita Hikaka clears NEET on third attempt, but financial crisis clouds MBBS dream

Hailing from Sahada village in Bissamcuttack block, Kabita cracked NEET on her third attempt, a milestone that has brought pride to her family and community. However, her parents, who work as daily wage labourers, now face an uphill battle to finance her medical education.

A dream shaped by perseverance

Kabita, the only daughter of Laba Hikaka and Kamala Hikaka, grew up in a modest household where every rupee earned went towards supporting the family’s needs and her education.

She began her schooling in her village before moving to Bhaleri Odisha Adarsha Vidyalaya, where she scored 90 percent in Class 10. Her academic performance later earned her an opportunity to pursue higher studies at ICONIC in Bhubaneswar.

Despite falling short in her first two NEET attempts, she continued preparing and finally secured success in her third try.

Strong NEET performance

Kabita secured Odisha rank 4,178 and ST category rank 137 in the entrance examination, making her eligible for admission to a medical college.

While the result has opened the door to an MBBS course, the financial burden of admission and other educational expenses has become the family’s biggest concern.

Family seeks support

With both parents relying on daily wage work for their livelihood, arranging the funds needed for medical education is proving difficult. The family is now hoping for financial assistance that will enable Kabita to continue her studies and realise her ambition of becoming a doctor.

Her journey—from a remote tribal village to clearing one of India’s toughest entrance examinations after multiple attempts—has already emerged as a story of resilience and determination, inspiring many students from economically disadvantaged backgrounds across Odisha.

PEI-Genesis Expands Asia-Pacific Capabilities with 6th Value-Add Production Facility in Pune, India

PUNE, India, Sept. 1, 2026 /PRNewswire/ — PEI-Genesis, a global leader in the design and assembly of custom-engineered interconnect solutions, proudly announces the expansion of its manufacturing footprint in Asia with the opening of a new production facility in Pune, India.

The Pune facility commenced operations on July 1, 2026, and has already successfully shipped its first customer order, marking an important milestone in PEI-Genesis’s long-term commitment to serving customers across India and the broader Asia-Pacific region. The investment strengthens the company’s regional supply chain while bringing expanded manufacturing capabilities, shorter lead times, and greater flexibility closer to customers.

The Pune facility is PEI-Genesis’s sixth production facility worldwide and its second in the Asia-Pacific region, following the Zhuhai, China, facility. The site will provide value-added assembly of Mil-Spec circular MIL-DTL-38999 series connectors for customers in aerospace, aviation, defense and other demanding industries. Certified to assemble D38999 Series Qualified Parts List (QPL) connectors, the facility will also maintain locally stocked inventory from leading global connector manufacturers for customers in India and across the broader Asia-Pacific region. With 48-hour lead times for value-added connectors, low to no minimum order quantities and the ability for domestic customers in India to transact in Indian Rupees, the Pune facility will deliver faster, more flexible access to critical interconnect solutions while enhancing supply chain efficiency and reliability.

“Expanding our capabilities in Pune is an important step in PEI-Genesis’s long-term commitment to India and the broader Asia-Pacific region,” said Steven Fisher, CEO, PEI-Genesis. “By bringing value-added assembly closer to our customers, we can provide faster access to critical interconnect solutions while giving customers greater flexibility in how they source and configure their products. This investment strengthens our ability to support the region’s growing aerospace, defense, aviation and industrial markets, while reinforcing the qualities PEI-Genesis has delivered for eight decades: technical expertise, speed, reliability and exceptional customer service.”

PEI-Genesis’s expansion in Pune coincides with the company’s 80th anniversary in 2026, celebrating eight decades of innovation, engineering expertise and unwavering commitment to its customers. Founded in Philadelphia in 1946, PEI-Genesis has grown from a strong foundation into a global organization, continually expanding its manufacturing and distribution capabilities to support customers’ evolving needs. Today, the company’s six production facilities across North America, Europe and Asia form an increasingly connected global network, combining local capabilities with worldwide expertise.

The addition of Pune represents the latest chapter in PEI-Genesis’s 80-year journey, strengthening the company’s presence in India and further expanding its ability to bring engineering expertise, value-added assembly and reliable interconnect solutions closer to customers around the world.

“India is a critical growth market for PEI-Genesis,” said Alex Tsui, Vice President & Managing Director, Asia Pacific, PEI-Genesis. “The expansion of our Pune facility reflects our long-term investment in the region and our dedication to helping customers accelerate innovation with reliable interconnect solutions.”

About PEI-Genesis 

PEI-Genesis is one of the world’s fastest assemblers of interconnect solutions. From the largest connector component inventory in the world, they develop engineered solutions that support the military, industrial, medical, aerospace, transportation, and energy sectors worldwide. Headquartered in Philadelphia, PA, PEI-Genesis has production facilities in South Bend, IN; Southampton, UK; Louny, Czech Republic; Zhuhai, China; and Pune, India, as well as sales offices throughout the Americas, Europe, and Asia. More information may be found at www.peigenesis.com.

Media Contact:  

PEI-Genesis

Lisa Quek

Senior Marketing Manager, APAC

lisa.quek@peigenesis.com 

Cision View original content to download multimedia:https://www.prnewswire.com/in/news-releases/pei-genesis-expands-asia-pacific-capabilities-with-6th-value-add-production-facility-in-pune-india-302865488.html