Category: news

Blockchain.com Joins TP ICAP’s Fusion Digital Assets as Liquidity Partner Following Launch of New Matched Principal Trading Model

LONDON, Aug. 27, 2026 /PRNewswire/ — Blockchain.com, a global leader in crypto services for retail and institutional users, has joined TP ICAP’s Fusion Digital Assets as a liquidity partner operating within the venue’s matched principal framework. This reflects growing demand from a diversified mix of digital asset firms, spanning brokers, liquidity providers, asset managers and trading firms, for institutional-grade market infrastructure. As one of the first firms to trade through Fusion Digital Assets’ matched principal model, Blockchain.com further enhances the breadth and depth of the venue’s institutional ecosystem.

Through the integration of Blockchain.com’s institutional liquidity, market participants gain access to additional depth across Bitcoin, Ether and XRP. The partnership reflects the growing convergence of digital asset and traditional financial markets, with established crypto-native firms increasingly seeking broader distribution and access to trusted institutional trading venues. As the digital asset industry continues to mature, the addition of Blockchain.com broadens the range of participants on Fusion Digital Assets and supports the development of new products, including stablecoins and tokenised assets.

Fusion Digital Assets recently launched its matched principal trading model, demonstrating TP ICAP’s continued commitment to digital assets and consistent product innovation across market cycles. By enabling participants to trade without prefunding while facing TP ICAP as an investment-grade credit intermediary, the model improves capital efficiency, reduces operational complexity and aligns digital asset trading more closely with traditional market standards. As market participants place increasing importance on counterparty strength and trusted market infrastructure, the model provides a compelling framework for institutional digital asset trading.

“Joining Fusion Digital Assets as a liquidity partner under TP ICAP’s matched principal framework is a natural progression in our mission to bring institutional capital to digital asset markets,” said Marc Sischka, Vice President, Global Head of OTC Trading. “Together we are delivering the capital efficiency, execution quality, and operational reliability institutional  participants require to trade at scale.”

“We are pleased to welcome Blockchain.com as a liquidity provider on Fusion Digital Assets,” said Chay Pollard, Director Digital Assets E-Broking. Their global reach, crypto-native client network and deep digital asset liquidity complement TP ICAP’s institutional client base and market infrastructure. Together, we are broadening access to trusted, institutional-grade liquidity while further strengthening the bridge between traditional finance and digital assets.”

Building on the matched principal launch



The transition to Fusion Digital Assets’ new matched principal model enables the venue to expand its tradable asset universe, including:

• Support for stablecoins, such as USDC.
• Expansion of cryptoasset coverage to include SOL.
• Additional fiat currency pairs.
• Future support for tokenised real-world assets (RWAs)

In response to institutional demand, operating hours will extend to continuous weekday trading, with weekend coverage to follow.

This development builds on a record 2025 for Fusion Digital Assets, during which the venue surpassed $1 billion in monthly notional traded volume across its Bitcoin and Ether order books. The milestone demonstrated growing institutional demand for secure, reliable and purpose-built digital asset market infrastructure.

About Blockchain.com

Blockchain.com is connecting the world to the future of finance. The most trusted and fastest-growing global crypto company helps millions safely access cryptocurrency. Since its inception in 2011, Blockchain.com has supported over 95 million wallets, 45 million verified users, and more than $1.2 trillion in crypto transactions. Operating in more than 70 jurisdictions, Blockchain.com offers secure self-custody, institutional services, and a growing product suite aligned with global regulation and privacy standards.

About Fusion Digital Assets

Fusion Digital Assets is a wholesale crypto asset exchange from TP ICAP designed exclusively for institutional participants. Combining TP ICAP’s expertise in venue operation and execution with segregated custodial capabilities, the platform offers an environment that meets the stringent standards demanded by institutional clients.

About TP ICAP Group plc 

TP ICAP is a global leader in connecting buyers and sellers across financial, energy, and commodities markets. Leveraging our expertise and cutting-edge technology, we provide unparalleled OTC liquidity and data solutions. Our portfolio includes renowned brands such as ICAP, Tullett Prebon, PVM, Liquidnet, and Parameta Solutions. These brands deliver trusted broking services, comprehensive data & analytics, and insightful market intelligence to clients worldwide. With a presence in over 60 offices across 28 countries, TP ICAP is committed to driving market efficiency and innovation.

Media Contacts

TP ICAP: Tom Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com     

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Sugee Lake District to Shape Thane’s Next Chapter of Commercial Growth

 Grade A++ commercial spaces with panoramic lake and city views

MUMBAI, India, Aug. 27, 2026 /PRNewswire/ — Sugee Group has unveiled Sugee Lake District, its landmark 52-acre waterfront development that brings premium commercial, retail, hospitality and lifestyle experiences to Thane West. Located opposite Korum Mall, near Cadbury Junction in Khopat, the Eastern Express Highway fronting development also marks Sugee Group’s foray into the Thane market.

Sugee Lake District has been conceived as a world-class business district that reflects Thane’s sustained economic growth, expanding commercial importance and its emergence as one of the Mumbai Metropolitan Region’s fastest-growing commercial real estate markets. The project will feature Grade A++ commercial offices offering panoramic views of the lake and the city. High-street retail, fine dining and a six-acre lakeview promenade will complement the commercial environment, creating a destination where people can work, connect, recharge and spend time beyond the office.

Reinforcing its commitment to sustainable development, the commercial project has been registered under LEED (Leadership in Energy and Environmental Design), one of the world’s most widely recognised green building rating systems. The registration underscores the project’s focus on environmentally responsible design, resource efficiency and high-performance spaces, supporting Sugee Lake District’s vision of creating a smarter and more sustainable commercial destination for Thane. 

The development has been designed by Architect Hafeez Contractor, Padma Bhushan recipient with Sterling serving as the structural consultant and Skidmore, Owings & Merrill (SOM) undertaking the peer review. Together, they bring globally recognised design and engineering expertise to the Sugee Thane project, creating a commercial landmark defined by architectural excellence, structural strength and advanced infrastructure. 

Commenting on the development, Nishant Deshmukh, Founder and Managing Partner, Sugee Group, said, “Sugee Lake District is part of our vision to create a marquee destination where business, lifestyle and well-being come together and grow together. It is designed for businesses, brands, entrepreneurs and investors seeking more than a conventional commercial address. With Grade A++ commercial spaces, retail, dining, wellness amenities and a six-acre lakeview promenade, the development will create a vibrant, all-day destination that supports growth, connection and long-term value for its occupants and the wider community in Thane.”

Commenting on the architectural vision, Ar. Hafeez Contractor, said, “Siddheshwar Lake gives the site a distinctive natural setting, and our design ensures that the waterfront becomes an integral part of the district’s identity and experience, rather than remaining peripheral to it. The vision is to create a commercial destination of international standards that feels open, people-centric and timeless, with connectivity, landscape and architecture coming together as one cohesive environment. Beyond being a workplace, the development is designed to make the everyday work experience more engaging and closely connected to nature. I believe there is currently no commercial development of this nature in Thane, Mumbai or even India.”

The first commercial landmark within the wider development will be a ground-plus-45-storey commercial tower offering offices ranging from approximately 800 sq. ft. to 6,000 sq. ft., with options to combine adjoining units. Typical floor plates of approximately 46,000 sq. ft. will provide businesses with the flexibility to plan workplaces around their operational requirements and future expansion. The range of unit sizes is intended to widen access to Grade A++ commercial property in Thane, from independent professionals and growing firms to large occupiers.

The commercial tower will feature 46 high-speed elevators, supported by dedicated service elevators, for efficient movement. Flexible floor plates, prominent frontage and premium lake- and city-facing offices will cater to established companies, growing enterprises, professionals, investors and brands seeking a strategic address in Thane.

Designed to bring work, wellness and leisure together, Sugee Lake District will offer a rooftop lounge, café, fitness centre, steam room, pickleball court, turf and indoor games room. A crèche, pet crèche, medical room and red-light therapy room will further support the everyday needs and well-being of working professionals. 

Located near Cadbury Junction with highway frontage, Sugee Lake District offers convenient access to Thane’s established residential neighbourhoods, business districts, retail destinations and civic infrastructure. Connectivity is set to further strengthen with the expanding metro network, Borivali–Thane Twin Tunnel, Thane Coastal Road, proposed Bullet Train station, redeveloped Thane railway station and Thane Integral Ring Metro.

The Samruddhi and Mumbai–Vadodara expressways, Virar–Alibaug Multimodal Corridor, Goregaon–Mulund Link Road, Delhi–Mumbai Industrial Corridor and access to the international airport will enhance regional connectivity for businesses, employees, clients and related stakeholders.

Through Sugee Lake District in Thane, Sugee Developers is responding to the city’s growing demand for well-planned commercial spaces that support business growth and long-term investment. Envisioned around Thane’s identity as N.I.C.E.™ — New India’s City of Economic-Growth™ — Sugee Lake District is poised to create a distinctive new centre for enterprise, opportunity and modern work. It will offer businesses a landmark address, professionals an environment in which to thrive, and investors a place in Thane’s next chapter of commercial growth.

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Unlimit Mobile Unlocks Instant, Contract-Free UK eSIM Connectivity for Indian Students

• Eliminating 24-Month Lock-Ins and High Roaming Bills, Unlimit Mobile Offers Pre-Departure Activation, Flexible Student Plans, and Integrated Travel Perks for UK-Bound students

BENGALURU, India and LONDON, Aug. 27, 2026 /PRNewswire/ — As thousands of Indian students finalize preparations for the upcoming university intake across the United Kingdom, Zetexa Global, a leading travel auxiliary and international eSIM technology company, has announced targeted connectivity solutions through its flagship international telecom brand, Unlimit Mobile.

Unlimit Mobile has rolled out local eSIM and SIM plans for Indian students heading to the United Kingdom, perfectly timed for the upcoming academic term. The service allows students to activate a UK mobile number before departure and land fully connected, with zero paperwork, credit checks, or local address requirements.

Key Benefits for Indian Students:

• Pre-Departure Setup: Students can purchase and install their eSIM before leaving India, receiving an active UK mobile number in advance for banking, accommodation, and university documentation.
• No Restrictive 24-Month Lock-Ins: While standard UK network operators mandate 24-month contracts, Unlimit Mobile offers student-aligned 6- and 12-month terms with guaranteed rate locks and zero activation penalties.
• Instant High-Speed 5G/4G Data & Calling: Reliable, high-capacity data tiers with unlimited UK calling and SMS ensure smooth connectivity for coursework, daily navigation, and video calls home.
• Zero Credit-Check & Frictionless Digital KYC: Quick online onboarding requires no existing UK credit history or local bank account setup.
• Integrated Travel Ancillary Value: Beyond connectivity, Zetexa’s broader ecosystem provides value-added perks, including airport assistance, lounge access on delayed flights, and global roaming add-ons.

“Securing a dependable mobile connection should not be an obstacle when a student begins their international academic journey,” said Amit Agarwal, Founder & CEO, Zetexa Global. “With Unlimit Mobile, we have eliminated rigid long-term contracts, complex verifications, and unpredictable bills. Our goal is to empower Indian students with reliable, transparent, and instant digital connectivity from the moment they leave India until their graduation day.”

Fact Summary:

FREQUENTLY ASKED QUESTIONS

Question: What is Unlimit Mobile? 

Answer: Unlimit Mobile is a global connectivity brand owned by Zetexa Global that offers prepaid eSIMs and physical SIM cards for international students and travellers, currently covering the USA, Canada and, with this launch, the United Kingdom.

Question: Who is the UK plan designed for? 

Answer: It is designed primarily for Indian students beginning university terms in the UK, as well as travellers, professionals relocating to the UK, and newcomers who need connectivity without a long-term contract.

Question: Can one get a UK number before they land? 

Answer: Yes. Students can purchase and activate an eSIM, or order a physical SIM shipped to India, before departure, so a UK number is ready to use on or before arrival.

Question: Does one need a UK address or credit check to sign up? 

Answer: No. Unlimit Mobile uses digital identity/KYC verification instead of the in-person documentation and credit checks required by traditional UK network contracts.

Question: What does the plan include? 

Answer: UK plans include 4G/5G mobile data, calls and SMS, with no long-term contract.

Question: How is this different from a standard UK SIM-only deal? 

Answer: Unlimit Mobile plans are built specifically for the pre-departure international student journey — purchasable and activatable from India, with support structured around the arrival, onboarding and settling-in period rather than a domestic UK sign-up.

Question: Where can students buy a plan? 

Answer: Plans are available at unlimitmobile.com and via the Unlimit Mobile app on iOS and Android.

Question: How fast is the internet speed with available plans?

Answer: Unlimit Mobile offers fast 4G LTE and 5G data speeds. User can stream, browse, and work online without interruptions. 

Question: How can one recharge their SIM or eSIM?

Answer: The SIM or eSIM can be recharged anytime through the Unlimit Mobile website. Simply log in to the account, pick the plan, and add more data or minutes instantly. 

Question: What happens if a student travels outside the UK during term breaks?

Answer: Unlimit Mobile and Zetsim provide flexible global roaming bundles and multi-country packages covering Europe and over 180+ global destinations, allowing seamless travel across the EU without having to switch carriers. The service also provides 24/7 customer support for users.

About Unlimit Mobile

Unlimit Mobile is a global connectivity brand under Zetexa Global built for international students, travellers and newcomers relocating to the USA, Canada and the United Kingdom. It offers prepaid eSIMs and physical SIM cards that can be purchased and activated before departure, removing the documentation, credit checks and in-store registration typically required by conventional telecom providers. Unlimit Mobile plans include 4G/5G data, calls and SMS with no long-term contracts, backed by 24×7 customer support, and are available at unlimitmobile.com and through the Unlimit Mobile app. For more information, visit www.unlimitmobile.com/

About Zetexa Global

Zetexa Global is an India-based travel and telecom company that owns international eSIM brands ZetSIM and Unlimit Mobile, offering connectivity across 180+ countries through a scalable, digital-first platform. Beyond direct-to-consumer eSIM and SIM plans, Zetexa provides white-label and API-based eSIM solutions for telecom and banking partners through its B2B platform, supporting distribution via microsites, WhatsApp and Shopify integrations. Zetexa also offers airport ancillary services, including Meet & Greet, Fast Track and Business Lounge access, for travellers passing through major airports. The company’s products are used by students, travellers and enterprise partners seeking connectivity and travel support across borders. For more information, visit www.zetexa.com/ and Zetsim.

Logo: https://mma.prnewswire.com/media/3008897/Unlimit_Mobile_Logo.jpg

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India Sends Second Relief Flight to Flood-Hit Nepal

New Delhi, Aug 27: India has stepped up humanitarian assistance to Nepal as the neighbouring country continues to recover from devastating flash floods and landslides triggered by heavy monsoon rains.

A second flight carrying 37.5 tonnes of relief supplies, medicines and food packets was dispatched on Thursday to support rescue and relief operations in the affected areas.

External Affairs Minister S. Jaishankar said India remains in close and continuous contact with Nepalese authorities and will continue to extend support as relief efforts continue.

The latest shipment comes a day after India sent an initial 10-tonne consignment of relief material to Nepal. The assistance is aimed at helping affected communities meet their immediate needs and supporting agencies involved in emergency operations.

The floods have caused widespread damage in several parts of Nepal, affecting homes, roads, infrastructure and agricultural land. Thousands of families have been impacted, while rescue teams continue to work in affected areas.

The disaster has also claimed a significant number of lives. According to the latest official update, 162 bodies of people swept away by the Bhote Koshi River had been recovered by Thursday morning. Recovery operations have been carried out in several downstream districts, including Rasuwa, Nuwakot, Dhading, Chitwan, Gorkha, Tanahu and Nawalparasi.

India’s Ambassador to Nepal, Naveen Srivastava, formally handed over the relief assistance to Nepalese authorities.

The Ministry of External Affairs said India would continue to provide all possible assistance to Nepal during the crisis. The latest support reflects the close ties between the two countries and India’s Neighbourhood First approach.

As rescue and relief operations continue, the additional supplies are expected to provide much-needed assistance to people affected by the floods and landslides.

India’s continued response also highlights its commitment to supporting neighbouring countries during natural disasters and humanitarian emergencies.

VSL PowerHive Marks Its Official Product Debut with Launch of 261 kWh product in the BESS segment

KOLKATA, India, Aug. 27, 2026 /PRNewswire/ — VSL PowerHive Pvt. Ltd., the battery and energy storage arm of Vikram Solar Limited, today announced the launch of the P261, a 125kW/261kWh liquid-cooled BESS designed for industrial and commercial consumers across India and international markets. While VION has been part of the PowerHive portfolio, the P261 marks the brand’s first, official product launch, a significant milestone in VSL PowerHive’s growth.

The P261 is built to address a combination of energy needs faced by industrial and commercial users, including backup power, peak-load management, solar energy storage, diesel generator reduction, power quality and reliability support, EV charging and microgrid applications. With this launch, VSL PowerHive strengthens its position in the fast-growing energy storage segment, building on Vikram Solar’s manufacturing expertise to serve customers across the full spectrum of the energy transition.

The P261 pairs a compact, single-cabinet design with precision liquid cooling that protects cell health and extends battery life well beyond conventional systems. Its integrated energy management system enables real-time monitoring and remote diagnostics, backed by fire suppression and multi-layer protection against overcharge, short circuit and thermal events. The architecture is built for future capacity expansion, unifying solar input, grid, storage and EV charging within a single interface.

At its core, the P261 houses a 261kWh LFP (Lithium Iron Phosphate) battery with a nominal voltage of 832V and cell capacity of 314Ah, engineered for high-efficiency charge-discharge performance across both on-grid and off-grid configurations. The system is rated to operate reliably across a wide temperature range of -30°C to 50°C, and carries an IP52S rating for protection against dust and water ingress, making it suited for demanding industrial environments.

Designed for industrial and commercial consumers, the P261 supports peak-load management and demand charge reduction, strengthens solar energy utilisation through intelligent shifting, and delivers reliable backup power during outages. It also supports diesel generator reduction, EV charging infrastructure and power quality needs, making it equally suited to microgrid deployments and utility-scale grid support.

Mr. Arun Mittal, CEO, VSL PowerHive Pvt. Ltd., said, “India’s industrial and commercial sectors are ready for storage solutions that actually work for their needs, and the P261 answers that call. Bringing this to market as our first official product under PowerHive is a significant step, and there’s much more in the pipeline.”

“India’s energy transition is entering its most decisive phase, and storage will determine how fast and how far we go. With the P261, PowerHive moves from concept to commercial reality, built on the same manufacturing discipline and quality rigour that have defined Vikram Solar’s journey in solar. This is more than a product launch, it is the foundation of a business we intend to scale with real ambition, as we work toward building PowerHive into a full-fledged storage solutions provider serving India and global markets in the years ahead,” said Mr. Gyanesh Chaudhary, Chairman and Managing Director, Vikram Solar.

With the launch of the P261, VSL PowerHive takes a decisive step to address the growing energy storage needs of the C&I segment. As their first product in this space, it reflects their focus on delivering practical, customer-centric solutions while laying the foundation for a broader storage portfolio. The company remains committed to expanding its product offerings and strengthening its presence across the industrial, commercial and utility-scale storage segments in the years ahead.

About VSL PowerHive

Founded in 2024, VSL PowerHive is a wholly owned subsidiary of Vikram Solar and a leading provider of integrated energy storage solutions, committed to accelerating the adoption of clean and sustainable power across India. Backed by expertise in LFP technology, distributed energy systems, and renewable power infrastructure, the company delivers high-quality, technology-driven solutions for residential, commercial, industrial, and utility-scale applications. VSL PowerHive’s product lineup includes the P261, catering to commercial and industrial customers, alongside its flagship brand VION, which delivers reliable, scalable battery systems across residential, mobility, commercial, and utility-scale segments. Together, these offerings enable greater energy independence and support India’s transition to clean energy.

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Deakin’s India-Focused Research Secures Major Australia-India Grants to Advance Cyber and Critical Technology Innovation

NEW DELHI, Aug. 27, 2026 /PRNewswire/ — Deakin University, Australia, celebrates its outstanding researchers who are shaping the future of Australia–India collaboration. Through the success of multiple competitive grant awards, they are accelerating research excellence, pioneering innovation, and strengthening the flow of talent, ideas, and opportunities across borders.

Building on Deakin’s pioneering bilateral contribution, researchers from the Deakin Cyber Research and Innovation Hub and the Deakin Applied Artificial Intelligence Initiative have received funding under the Australia–India Cyber and Critical Technology Partnership (AICCTP). The projects bring together researchers from Deakin and leading Indian and South Asian institutions to tackle pressing cyber and critical technology challenges facing the Indo-Pacific.

Established in 2020, the Australia–India Cyber and Critical Technology Partnership (AICCTP) supports collaboration between Australian and Indian research, industry, government and civil society organisations. The latest awards highlight the role of bilateral research talent in advancing innovation, technological resilience and bilateral cooperation.

The funded projects focus on:

• Post-Quantum Cryptography Migration in the Indo-Pacific, led by Deakin in partnership with IIT Madras.
• Quantum-safe Digital Public Infrastructure, led by Deakin in collaboration with Symbiosis International University and VIT.
• Securing Critical Energy Supply Chains Using AI and Blockchain, led by La Trobe University in collaboration with Deakin and IIT Kanpur.
• Addressing Barriers to Safe, Standards-Based AI Adoption, led by Swinburne University of Technology in collaboration with Deakin, IIT Palakkad, River Venture Studio (Singapore), Kumaraguru College of Technology

Professor Robin Doss, Director of the Deakin Cyber Research and Innovation Hub, said, “Australia and India share an increasingly important partnership built on knowledge, innovation and talent. These projects reflect the depth of that relationship and our shared commitment to developing secure, resilient and future-ready technologies that will benefit both nations and the broader Indo-Pacific region.”

These latest grants complement Deakin’s broader commitment to building innovation-led partnerships. Earlier, the Deakin SME Research Centre secured an A$340,000 Australian Government Maitri Grant for the initiative, Empowering Innovation: Australian FDI Initiatives for Building Innovation Centres in India, designed to help Australian SMEs better understand India’s innovation landscape through workshops, policy insights and an India roadshow.

“At Deakin, we believe the strongest impact comes from bringing great talent and partners together. Our work across Australia and India is about co-creating solutions that build capability, drive innovation and deliver real benefits for communities and industry,” Ravneet Pawha, Vice President (Global Engagement) and CEO (South Asia), Deakin University, mentioned while welcoming these awards.

These collaborations reflect the growing ambition of the Australia–India partnership in critical technologies, research and innovation, bringing together universities, industry and research institutions to advance areas such as AI, cybersecurity and quantum technologies while strengthening talent mobility and innovation pathways between the two countries.

As Australia and India deepen cooperation in strategic sectors, Deakin remains committed to fostering partnerships that drive innovation, build capability and deliver lasting benefits for industry, governments and communities.

To learn more about Deakin’s cutting-edge cyber and critical technology innovation and how you can participate, please visit the Deakin Cyber Research and Innovation Centre

About Deakin University: Established in 1974, Deakin University successfully combines excellence in teaching, research and effective partnerships with industry and government to deliver high-quality courses and undertake research that makes a difference to the domestic and international communities it serves.

Deakin’s South Asia operations commenced in 1994 at New Delhi, India, making it one of the first overseas education providers to set up operations in this region. Here, Deakin engages with the government, industry, and academia to share its vibrant culture of education and research.

To know more about Deakin University and its various initiatives as part of its ‘in India, with India, for India’ approach towards engagement, please visit https://www.deakin.edu.au/ 

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InCred Capital launches InCred Black in major UHNI Push

Alok Agrawal, Harmeet Sahney and Zarksis Gotla join as Co-Founders as InCred sharpens and scales its offering for India’s UHNI segment

MUMBAI, India, Aug. 27, 2026 /PRNewswire/ — InCred Capital today announced the launch of InCred Black, a focused proposition for ultra-high-net-worth individuals, entrepreneurs and business families, with Alok Agrawal, Harmeet Sahney and Zarksis Gotla joining as Co-Founders.

InCred Black brings together highly personalised wealth management services and access to capabilities across asset allocation, alternatives, public and private markets, credit, liquidity solutions and global investing – backed by the broader investment, advisory and institutional strengths of InCred Capital and the InCred Group.

Agrawal, Sahney and Gotla are credited with building the wealth business at Avendus over the last 15 years and bring over 80 years of collective experience at firms such as Kotak, Barclays and Credit Suisse, advising some of India’s most prominent UHNI clients. They will play a central role in shaping InCred Black, deepening client relationships and expanding the team as InCred Black scales.

The launch comes on the back of InCred’s substantial Wealth franchise, which has crossed ₹1 lakh crore in AUM and already serves a large UHNI client base. InCred Black extends that foundation with a sharper, more differentiated offering for this segment, while its specialist capabilities, senior talent and access will also strengthen the broader Wealth offering and benefit existing Wealth clients where relevant.

Bhupinder Singh, Founder & Group CEO, InCred, said, “We’ve built a powerful wealth franchise with deep client relationships and significant scale. InCred Black raises the bar further – bringing a sharper proposition, differentiated access and the full capabilities of InCred to our most sophisticated clients, while strengthening the broader wealth management platform.”

Nitin Rao, CEO of InCred Wealth, added, “InCred Black adds further depth to an already strong Wealth franchise. It gives our UHNI relationships greater specialisation, while the talent, ideas and access it brings will strengthen what we can offer clients across the platform.”

InCred Black will continue to add senior bankers and specialist talent as it scales. The ambition is clear – to make InCred the trusted first call for India’s leading UHNI families.

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Women to Travel Free on Ama Buses Across Odisha on Raksha Bandhan

Bhubaneswar, Aug 27: Women passengers will be able to travel free on Ama Bus services across seven cities in Odisha on August 27, as the state marks Raksha Bandhan.

The Comprehensive Region Urban Transport (CRUT) announced the special travel facility following directions from the Chief Minister and under the guidance of Housing & Urban Development Minister Dr Krushna Chandra Mahapatra. The initiative is intended to make public transport more accessible and convenient for women during the festival.

The offer will apply to all Ama Buses operating in Bhubaneswar, Cuttack, Puri, Rourkela, Sambalpur, Berhampur and Keonjhar. CRUT expects more than one lakh women passengers to use the service during the day.

Although the journey will be free, women passengers will still be required to obtain a Zero Ticket. CRUT has asked passengers to cooperate with conductors and other bus staff and follow basic travel guidelines to ensure orderly operations.

The transport authority has also highlighted the safety features available on Ama Bus services, including GPS-based tracking, CCTV surveillance, trained staff and passenger assistance systems.

CRUT Managing Director Shri Siddik Alam said the initiative is part of the organisation’s continued efforts to provide women with safe, reliable and affordable public transportation.

The free travel facility is expected to benefit women travelling across the participating cities for family gatherings and other Raksha Bandhan activities, while also encouraging greater use of public transport.

CRUT has urged women to make use of the facility and travel on Ama Buses during the festival, while maintaining passenger discipline to ensure a comfortable experience for everyone.

/C O R R E C T I O N — Avathon/

In the news release, Avathon Establishes AI Center of Excellence in Bangalore, issued 27-Aug-2026 by Avathon over PR Newswire, we are advised by the company that changes have been made. The complete, corrected release follows:

Avathon Establishes AI Center of Excellence in Bangalore

New center brings together top AI talent to advance the science of Physical AI and build the future of autonomous operations

PLEASANTON, Calif., Aug. 27, 2026 /PRNewswire/ — Avathon, a leader in Autonomy for Operations, today announced the establishment of its AI Center of Excellence (CoE) in Bangalore, reinforcing India’s role at the center of Avathon’s global AI innovation.

The Bangalore CoE will bring together AI scientists, engineers, and technical leaders to advance the science and application of Physical AI, from how knowledge is captured to the development of frontier models for autonomous industrial systems across core markets such as energy, mining and aerospace.

Avathon is building the CoE as a destination for people who want to work at the cutting edge of AI, advancing the science and development across multiple domains and tackling problems that match the complexity of industrial operations—such as supply chains, maintenance, robotics and manufacturing. The center will connect research, engineering, and deployment, with work originating in Bangalore contributing to Avathon’s global platform and customer deployments.

“AI is entering a new era. The question is no longer whether machines can generate information, but whether they can understand the world and turn data into knowledge, reason through its complexity, and take action within it,” said Pervinder Johar, Chief Executive Officer of Avathon. “That is the frontier Avathon is pursuing. We are building the intelligence layer for the physical economy, where AI has to make sense of enormous amounts of data, navigate uncertainty and competing constraints, and continuously learn as the world changes. Bangalore will be central to that mission. We want the best AI researchers and engineers in India working on problems that matter at global scale, turning advances in AI into systems that can reason and operate in the real world. This is not simply an investment in a new center. It is an investment in India’s ability to help shape the future of AI.”

The CoE will set a high bar for technical excellence and bring together Avathon’s leading AI talent. Avathon will continue to invest in Bangalore and attract AI talent from across India as the center expands.

Avathon will also deepen its connections with universities, researchers, and technology organizations in India and around the world, creating an ecosystem that advances AI science and connects new research with real-world deployment.

“India has everything required to become a global center for AI innovation. It has deep technical talent, a world-class research community, and a culture of engineering excellence,” said Dinesh Fatehpuria, Managing Director of Avathon, India. “The opportunity is to bring those strengths together around some of the most important problems in AI. That is what we are building in Bangalore.”

The AI Center of Excellence will make India a global hub for Avathon’s AI innovation, advancing the science and building the intelligence that powers autonomous operations across the industrial economy.

About Avathon

Avathon is a leading AI provider of Autonomy for Operations, bringing Industrial AI into the physical world. The Avathon Autonomy Platform enables organizations to intelligently plan, orchestrate, and execute complex manufacturing, supply chain, and asset management operations by transforming data into knowledge. Designed to scale securely across industrial environments, Avathon improves asset performance and strengthens operational resilience. Learn more at www.avathon.com

Correction: Dinesh Fatehpuria’s name was misspelled.

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