Thailand Advances Toward Global Digital Asset Standards as Bitazza Achieves Travel Rule Readiness with Sumsub

BANGKOK, Aug. 13, 2026 /PRNewswire/ — Thailand’s digital asset industry is entering a new phase of regulatory maturity as the Securities and Exchange Commission (SEC) prepares to implement the Travel Rule later this year. Developed in line with the recommendations of the Financial Action Task Force (FATF), the regulation requires digital asset business operators to collect and securely exchange specific information relating to qualifying digital asset transfers in order to strengthen Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) measures.

The implementation of the Travel Rule marks an important milestone in Thailand’s digital asset regulatory framework, reinforcing transparency, enhancing transaction traceability, and aligning the country’s digital asset ecosystem with internationally recognised compliance standards adopted across leading financial centres worldwide.

In preparation for the upcoming regulation, Bitazza Thailand, a digital asset broker licensed by the Ministry of Finance and regulated by the Securities and Exchange Commission (SEC), has completed the development of its Travel Rule infrastructure ahead of the official enforcement timeline, reaffirming the Company’s long-standing commitment to responsible innovation and regulatory compliance.

Since 2025, Bitazza Thailand has been working with Sumsub, the first AI-powered trust infrastructure for compliance at scale, to strengthen its capabilities across customer verification, Anti-Money Laundering (AML), and risk management. Building on this strategic collaboration, the Company has expanded its implementation to include Sumsub’s Travel Rule solution in preparation for the SEC’s upcoming regulatory requirements. Backed by the largest Travel Rule directory of over 2,100 virtual asset service providers (VASPs), the solution enables secure information exchange between VASPs, strengthening transaction monitoring, customer protection, and compliance with internationally recognised standards ahead of the SEC’s regulatory deadline.

“We have always believed that mass adoption of digital assets must be built on trust, transparency, and responsible regulation,” said Mr. Tanawat Sutuntivorakoon, Chief Executive Officer of Bitazza Thailand. “The implementation of the Travel Rule represents another important step in strengthening Thailand’s digital asset ecosystem. We have proactively invested in upgrading our compliance infrastructure ahead of the official implementation to ensure our customers continue to receive services that meet international standards while maintaining the highest levels of security, transparency, and trust.”

“Thailand’s move to implement the Travel Rule reflects a broader shift across Southeast Asia toward regulated, interoperable digital asset markets,” said Ms. Penny Chai, Vice President, APAC at Sumsub. “Through our partnership with Bitazza Thailand, we’re combining secure cross-border data exchange with the identity verification and risk management capabilities regulated businesses need to scale confidently. As more regulators across the region adopt similar frameworks, this kind of trust infrastructure will be essential to keeping Thailand’s digital asset ecosystem competitive and internationally connected.”

Beyond regulatory compliance, the Travel Rule plays an increasingly important role in enabling greater interoperability between regulated digital asset service providers globally. By improving the traceability of digital asset transactions, the framework helps detect and prevent illicit financial activities, including money laundering, terrorist financing, fraud, and the misuse of digital assets through mule accounts or other criminal networks.

The adoption of internationally recognised Travel Rule standards also supports Thailand’s broader ambition of becoming a trusted regional digital asset hub. By aligning domestic regulations with global best practices, the framework strengthens institutional confidence, facilitates international cooperation, and creates a more credible environment for innovation, investment, and responsible digital asset adoption.

The Thailand Digital Asset Association (TDA), the industry’s leading non-profit association representing Thailand’s digital asset ecosystem, welcomed the implementation of the Travel Rule as an important step toward strengthening industry standards and international competitiveness. “The implementation of the Travel Rule represents another significant step in advancing Thailand’s digital asset market toward internationally recognized standards. Beyond strengthening regulatory oversight, it helps build greater confidence among users, investors, and financial institutions, both domestically and internationally. As digital asset businesses operate under the same compliance framework adopted by leading global financial centers, Thailand’s digital asset industry will become increasingly credible, creating greater opportunities for cross-border collaboration, investment, and innovation.” said Mr. Nares Laopannarai, President of the Thai Digital Asset Association.

As part of its broader compliance strategy, Bitazza Thailand has continuously worked alongside key regulatory and public sector agencies, including the Securities and Exchange Commission (SEC), the Bank of Thailand (BOT), the Anti-Money Laundering Office (AMLO), and other relevant authorities to strengthen transaction monitoring, enhance customer protection, and develop systems capable of identifying suspicious activities.

“With our Travel Rule infrastructure now in place, we are confident in our readiness to support Thailand’s next phase of digital asset regulation,” Mr. Tanawat added.

“We remain committed to working alongside regulators, technology partners, and the wider industry to help build a transparent, secure, and internationally trusted digital asset ecosystem that benefits both Thailand and the broader global financial community.”

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Chandigarh University joins ISRO to host National Space Technology Conclave on 17th-18th August; Group Capt Shubhanshu Shukla among 30 Space Scientists to attend

30 Eminent Scientists & Mission Leaders from ISRO, IIST, IN-SPACe & NSI to be part of ‘Chandigarh University Declaration on Space Technology for Viksit Bharat

CHANDIGARH, India, Aug. 13, 2026 /PRNewswire/ — Giving fresh impetus to India’s growing space ambitions and advancing the Viksit Bharat vision through innovation, indigenous space capabilities and a future-ready scientific workforce, Chandigarh University’s Kalpana Chawla Centre for Research in Space Science and Technology (KCC) is all set to organise India’s first university-led National Space Technology Conclave (NSTC) 2026 on August 17–18 at the University campus. The two-day conclave, being jointly organised in collaboration with the Indian Space Research Organisation (ISRO) and the Indian Institute of Space Science and Technology (IIST), Department of Space, Government of India will focus on the theme ‘Emerging Space Technologies for India’s Future Space Missions’ and will provide students a direct platform to engage with 30 distinguished scientists, mission leaders and technologists from ISRO, IIST, Indian National Space Promotion and Authorization Center (IN-SPACe), NewSpace India Limited (NSIL) and U R Rao Satellite Centre (URSC) with 10 CEOs and senior leaders from leading Indian space industries and start-ups. The conclave will feature five roundtables and space technology demonstrations, facilitating discussions on the technologies shaping India’s next phase of space exploration and human spaceflight while inspiring the next generation of innovators to contribute to the nation’s Viksit Bharat journey.

The conclave will feature Group Captain Shubhanshu Shukla, Ashoka Chakra, Indian astronaut and Indian Air Force officer, as the Special Guest. Group Captain Shukla created history in June 2025 by becoming the first Indian to visit the International Space Station (ISS) and participated in scientific experiments, marking a defining moment in the nation’s space exploration journey. He has also been selected as one of the astronauts for India’s Gaganyaan human spaceflight programme.

Among the prominent space scientists and experts expected to participate are Dr Pawan Goenka, Chairman, IN-SPACe, Department of Space; Dr S Somnath, Former Chairman, ISRO; Dr Rajeev Jyothi, Director, Technical Directorate, IN-SPACe, Department of Space; Prof D Banerjee, Vice-Chancellor, IIST, Department of Space; Dr A Bharadwaj, Director, PRL, Department of Space; M Sankaran, Director, URSC, ISRO; Dr RP Singh, Director, IIRS, ISRO; and I S S Sarkar, Director, SAC, ISRO. The wider participation will include senior scientists, directors, project leaders, researchers, technologists, industry leaders and start-up representatives from across India’s space sector.

A major outcome of the two-day conclave will be the ‘Chandigarh University Declaration on Space Technology for Viksit Bharat 2047’ which will bring together space scientists, institutional leaders and the Chandigarh University team to define the role and responsibilities of universities in contributing to India’s space technology ambitions. The declaration is envisaged as a collaborative roadmap for strengthening the university participation in space technology education, research, innovation and industry collaboration, with its recommendations and outcomes proposed to be shared with the Prime Minister’s Office. The initiative is aligned with the conclave’s larger objective of strengthening collaboration among ISRO, IN-SPACe, NSIL, academia, industry and start-ups while creating new avenues for research, skill development, internships, employment and technology development.

Speaking about the significance of the conclave, Prof. (Dr) Eswar Sunkara, Senior Director, Kalpana Chawla Centre for Research in Space Science and Technology, Chandigarh University, said, “For the first time, Chandigarh University is bringing together leading ISRO scientists, IIST, space agencies, astronauts and industry leaders on a common university platform to deliberate on what universities can contribute to India’s space technology journey. The Chandigarh University Declaration on Space Technology for Viksit Bharat 2047 will define the roles and responsibilities of Chandigarh University and other universities in supporting the national space vision. Our objective is to build a systematic space technology hub with the support of ISRO, develop space-ready human resources and create capabilities in satellite development, payloads, launch technologies, data analysis and other emerging areas. The outcomes of these deliberations will provide a roadmap for CU’s long-term contribution to India’s space programme.”

Prof. (Dr) Eswar Sunkara added, “The conclave will set out a strategic roadmap for establishing Chandigarh University as a premier national space technology hub in North India with the Kalpana Chawla Centre envisaged as the focal point for space technology research, innovation and capacity building. The proposed roadmap will explore areas including satellite development, satellite payloads, launch and mission technologies, reusable launch vehicle technologies, ground stations, space data analysis, artificial intelligence for space, space entrepreneurship and development of industry-ready human resources for the country’s growing space sector.”

The proposed programme includes an inaugural session, expert talks, roundtable deliberations, a student space technology showcase, expert interaction and one-to-one mentoring, technical reviews and brainstorming sessions on areas including small satellite laboratories, payload development, ground stations, collaborative research and national funding.

About Chandigarh University

Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.

Website address: https://www.cuchd.in/

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Sciton Launches OMNI™ in Canada: A New Laser Hair Removal Platform Designed for All

PALO ALTO, Calif., Aug. 13, 2026 /PRNewswire/ — Sciton Inc., a global leader in laser and light-powered technology, has received approval from Health Canada for its latest innovation, OMNI™ laser hair removal. OMNI was developed to meet the growing demand for a fast, effective laser hair removal system that fits seamlessly into any workflow and is designed for all skin types, treatment areas, and practice sizes.

With up to 5000 W* of power and the industry’s largest spot size, OMNI delivers ultra-fast treatments for high patient throughput, helping providers treat more patients in less time. Wavelength options, including 760 nm, an 810/940 nm blend, and 1060 nm, along with various spot sizes and treatment modes, ensure precise and personalized care for all skin types and body areas. Integrated contact cooling helps maintain patient comfort, while an aloe-based spray, used as a gel-free alternative, soothes the skin, enhances comfort, and simplifies cleanup. Additionally, OMNI operates on a standard 110V outlet, making it easier to integrate into any treatment room. Built for high-volume use, OMNI delivers the performance and versatility providers need to deliver outstanding results year-round.

“This is an exciting development for the Canadian Aesthetic Industry. The success of this technology in the United States has been particularly inspiring, especially within a treatment category that has historically been viewed as a commoditized service. As a result, many providers have chosen not to prioritize hair reduction treatments within their practices. OMNI is helping to change that perception. With its speed, versatility, and ability to effectively treat a broad range of skin types, it enables practices to offer hair reduction treatments that are safe, comfortable, and commercially viable. Ultimately, this creates new opportunities for providers while improving access and outcomes for patients,” said Andrew Hrytzak, Director of Sales Canada & LatAm at Sciton.

Designed to support a wide range of practice environments, OMNI combines high-performance technology with workflow-enhancing features that help maximize efficiency without compromising patient comfort. Its customizable treatment parameters and dual-handpiece capability allow providers to tailor treatments to individual patient needs while maintaining the speed and consistency required in today’s busy aesthetic practices.

“OMNI by Sciton allows us to choose the right wavelength for the skin types and tones we treat, with so many customizable options. With two handpieces connected at once, we can easily switch between small and large spot sizes, making treatments not only fast and effective but also efficient. It’s a safe, versatile system, I feel confident delegating to my staff year-round,” said Dr. Dianne Quibell, MD, an internist and cosmetic laser surgeon.

OMNI joins Sciton’s portfolio of award-winning aesthetic solutions, reflecting the company’s commitment to building smart, effective systems that help Canadian providers grow their practices with confidence.

To learn more about OMNI™ laser hair removal, visit www.sciton.com/omni

To learn more about Sciton, visit www.sciton.com

ABOUT Sciton

Sciton, Inc., headquartered in Palo Alto, California, is a forward-thinking, employee-owned medical device company founded in 1997 by industry visionaries James Hobart, PhD, and Daniel K. Negus, PhD. Renowned for delivering high-quality laser and light solutions, Sciton’s product portfolio spans a broad range of medical and aesthetic applications, including women’s health, skin revitalization, resurfacing, phototherapy, vascular and pigmented lesions, scar revision, acne treatment, and hair reduction. With a robust direct sales force operating in the United States, Canada, the United Kingdom, Switzerland, Australia, Japan, Korea, Ireland, the Netherlands, France, and Chile, and a strategic distribution network in more than 45 countries, Sciton’s global impact continues to expand— setting new standards in medical and aesthetic excellence.

*Handpiece dependent

OMNI™ laser hair removal

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Bybit TradFi Trading Tools Arena: New 100,000 USDT Prize Pool Amidst Earnings Season

DUBAI, UAE, Aug. 13, 2026 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to unveil the TradFi Trading Tools Arena, a limited-time event to help traders navigate the heated earnings season of U.S. stocks using Bybit’s TradFi trading tools. From now until September 12, 2026, the TradFi-themed event features a combined prize pool of 100,000 USDT across three tracks for Bybit traders.

As earnings season brings heightened volatility and a whirlwind of market-moving news, trading tools and automation have become central to how advanced traders manage risk and act on event-driven opportunities. Among the hundreds of CFD trading pairs on Bybit TradFi, leading companies such as NVIDIA, Salesforce, CrowdStrike, Snowflake, Applied Materials, Synopsys, Inc., Broadcom, and more, are expected to release their latest earnings reports in coming weeks.

Bybit TradFi pioneered access to global TradFi assets on crypto-native infrastructure, with over 500 assets supporting CFD trading for leading technology stocks (NVIDIA, Apple, Tesla, Microsoft, Google, among others), commodities (gold, oil), forex pairs, and global indices, all from a single USDT-denominated account.

Bybit’s comprehensive bots and copy trading tools allow positions to be executed around the clock and according to preset strategies, reducing reliance on manual monitoring and helping traders respond to fast-moving conditions with greater consistency.

Two Bybit’s TradFi trading products are in the spotlight: TradFi Combo, an automated bot-trading tool, and Copy TradFi, which allows traders to trade as Master Traders or Followers. Registered participants can put either tool to work during this summer’s earnings season while competing for rewards through a Lucky Draw, an Individual Trading Volume Leaderboard, and a Team Trading Volume Leaderboard.

• A 10,000 USDT prize pool awaits Lucky Draw participants. Eligible users can unlock entries as they reach trading volume milestones over the course of the campaign. All Lucky Draw prizes are distributed once the campaign concludes.
• The Individual Trading Volume Leaderboard offers a 30,000 USDT prize pool and is open to all registered participants who meet a minimum total trading volume of 300,000 USDx, combining volume from a Main Account and all linked Subaccounts across Copy TradFi and TradFi Combo. The top 100 certified best performing participants will receive rewards.
• The Team Trading Volume Leaderboard, reserved for Copy TradFi Master Traders, carries the largest prize pool at 60,000 USDT. Qualifying teams must reach a combined minimum trading volume of 3,000,000 USDx and maintain at least 20 unique followers. Rewards are split between Master Traders and their followers, with the top 50 teams eligible to receive a share of the pool.

Terms and conditions apply. For details on availability and eligibility, users may visit: Bybit TradFi Trading Tools Arena – Master the markets with TradFi trading tools

Bybit TradFi is powered by Infra Capital (Mauritius FSC licensed). The service is now available to eligible users through the official Bybit app and website. Bybit TradFi is not available to residents of the European Economic Area, among other restrictions. For details of regional limitations, terms and conditions, and user eligibility, users may visit Bybit TradFi. Trading comes with risk.

#Bybit  / #NewFinancialPlatform 

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com 

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

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Coinbase establishes its tokenization hub in Abu Dhabi, with Financial Services Permission from the Financial Services Regulatory Authority (FSRA)

ABU DHABI, UAE, Aug. 13, 2026 /PRNewswire/ — Coinbase has received a Financial Services Permission (FSP) from the FSRA to establish its international tokenization hub in ADGM, the international financial centre of Abu Dhabi, the Capital of the United Arab Emirates (UAE). This is the most significant step it has taken yet toward building the infrastructure for a more open, more accessible global financial system.

Coinbase has received the license from the FSRA of ADGM, clearing us to arrange deals in investments and provide custody in order to facilitate its launch of tokenized securities. This is the foundation for its international tokenization hub in Abu Dhabi.

The reason this matters: 4 billion people worldwide cannot access capital markets. Not because they lack the means, but because the system was never built for them. Investable opportunities are out of reach, and the cost of participation is too high. This license is the first step toward changing that.

The tokenized securities registered and issued in ADGM are fully backed by underlying shares under the supervision of the FSRA and are verified by token holders, who receive full shareholder rights, including dividends and voting.

(1) An investor does not need a brokerage account or a correspondent banking relationship; they need a wallet. (2) Every transfer is subject to ongoing sanctions screening, and Coinbase can freeze or seize assets at the wallet level where required so DeFi and regulatory integrity are not in conflict. 

“ADGM issued one of the world’s first regulatory frameworks for virtual assets in 2018. That reflected a genuine institutional commitment to innovation-forward regulation, executed with the rigor that global financial markets require. No major financial center has yet built a framework that treats tokenized equities simultaneously as securities, blockchain-native tokens, and DeFi-composable assets,” said Brett Tejpaul, Co-CEO of Coinbase Institutional. 

“Coinbase’s establishment of its international tokenisation hub in ADGM is a strong endorsement of Abu Dhabi’s growing role in shaping the future of global finance. It reflects the strength of ADGM’s progressive, robust and internationally aligned regulatory framework, which continues to provide leading global institutions with the confidence to develop responsible, blockchain-enabled financial services at scale. As tokenisation becomes an increasingly important part of capital markets infrastructure, ADGM remains committed to supporting innovation that enhances market access, transparency and investor confidence, while upholding the highest standards of regulatory oversight.” Arvind Ramamurthy, Chief Market Development Officer, ADGM, said.

This launch is part of a broader commitment to the UAE. Through its investments in Abu Dhabi and Dubai, Coinbase is establishing two of our most ambitious global businesses outside the United States: a hub for tokenized securities and onchain capital markets, and a global hub for derivatives. Together, they reflect the entity’s confidence in the UAE as a home for the next generation of financial infrastructure.

The FSRA’s FSP gives Coinbase the regulatory foundation, the infrastructure, and the right partnership to bring capital markets to the people who need them most. The next frontier for global finance is onchain, and the platform is building it.

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Robinhood Ventures Fund II Raises $200 Million in IPO: NYSE Content Update

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, Aug. 13, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on August 13th

• Robinhood Ventures Fund II (NYSE: RVII) is set to make its NYSE debut today.
  • The business development company, a type of closed-end fund, priced shares at $25 apiece.
  • Sarah Pinto, head of Robinhood Ventures, will join NYSE Live to discuss the strategy behind the fund.
• Oracle (NYSE: ORCL) and AWS announce a deepening of their collaboration.
  • The collaboration looks to accelerate customer migration.
  • Executives from both companies will join NYSE Live to discuss how this will benefit enterprises.
• Hyliion says it’s secured a $41.7 million contract from the U.S. Navy
  • The company will design, develop, and deliver two multi-megawatt KARNO power modules.
  • Founder & CEO Thomas Healy will join NYSE Live to explain the company’s larger strategy.
• Investors digest the July Producer Price Index ahead of market open.
  • Economists expected to see headline figure increase by 4.9% year-over-year.

Opening Bell

Robinhood Ventures Fund II (NYSE: RVII) celebrates its IPO

Closing Bell

Capital Group celebrates its Morningstar gold-rated active ETFs

For market insights, IPO activity, and today’s opening bell, download the NYSE TV App and check out the NYSE YouTube: TV.NYSE.com and YouTube.com/@NYSEofficial

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Nexters appoints Aghanim as global DTC enablement partner

LOS ANGELES, Aug. 13, 2026 /PRNewswire/ — Aghanim, an integrated commerce, liveops automation, community engagement, and payments platform for video game studios, today announced a strategic partnership with Nexters Global (Nexters) within its mobile game business. Nexters is a game developer known for operating globally successful live-service games through disciplined liveops execution and long-term player engagement, part of GDEV Holding – the Nasdaq-listed gaming and entertainment company headquartered in Limassol, Cyprus.

Through this partnership, Nexters will expand its mobile games’ direct-to-consumer (DTC) presence across key markets worldwide, providing the infrastructure needed to build stronger player relationships, optimize monetization performance, and unlock long-term growth beyond traditional platform ecosystems.

Aghanim will support DTC commerce across all international card networks and preferred local payment methods, alongside web-based game hubs and AI-powered liveops personalization tools within Nexters’ DTC channel.

Together, these capabilities create a scalable operating layer for DTC commerce, player engagement, and long-term monetization, positioning direct-to-consumer as a core growth channel designed to create seamless player experiences, strengthen ownership, and unlock greater value across global markets.

“Aghanim’s superior product, professional team, and unparalleled expertise at the intersection of fintech and video games have already opened new horizons for our growth efforts,” said Anton Reinhold, CEO of Nexters.

“We are thrilled to collaborate closely with Nexters, one of the global leaders in the gaming industry. By leveraging Aghanim’s DTC commerce infrastructure to tackle challenges such as global payments, web-based engagement, retention, liveops, and fraud prevention, Nexters expands its ability to capture more value across its DTC operations, driving greater monetization efficiency and stronger margins,” said Constantin Andry, Co-CEO of Aghanim.

About Nexters Global

Nexters Global is a game development studio under GDEV, known for operating globally successful video games through disciplined liveops execution and long-term player engagement. In 2024, Nexters Global generated $403.6 million in revenue, underscoring its strong financial track record and continued contribution to GDEV’s broader games portfolio.

About Aghanim

Aghanim is an integrated commerce, liveops automation, community engagement, and payments platform for video games. Aghanim helps studios expand their games to the direct-to-consumer web by launching browser-based game hubs, monetizing players through AI-powered personalized offers, running hundreds of programmatic liveops experiments, and enabling seamless global payments through high-performing, secure, compliant, and fraud-resilient multinational infrastructure.

Founded in California, USA, by Harvard alumni and former C-level executives with over 40 years of combined experience at the intersection of fintech and gaming, the team is redefining how video games are distributed and monetized.

For more information about Aghanim, visit: https://aghanim.com/

Contacts

Media Contact:

press@aghanim.com

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Axtria to Build Industry’s Largest Pharma-Specific AI Engineering Team, Scaling to 1,000 by December 2026

NEW DELHI, Aug. 13, 2026 /PRNewswire/ — Axtria Inc.,  a global leader in AI-first data analytics solutions for the life sciences industry, today announced plans to expand its Forward Deployed Engineering (FDE) organization to 1,000 engineers by December 2026, creating the industry’s largest pharma-specific AI engineering team. The expansion represents one of Axtria’s largest investments in AI talent development to date and reflects growing customer demand for engineers who can deploy, scale, and operationalize enterprise AI across commercial, medical, and market access functions.

Launched approximately 12 months ago, Axtria’s Forward Deployed Engineering model was built on a simple premise: the future of AI in life sciences will be determined not by who has access to the best models, but by who can successfully deploy AI into complex enterprise environments and deliver measurable business outcomes. Today, Axtria’s FDEs are embedded within leading life sciences organizations, deploying production-grade AI solutions across commercial and medical operations. Building on this momentum, Axtria is expanding the organization to 1,000 engineers by December 2026 through a combination of internal talent development and strategic hiring.

While life sciences organizations have invested heavily in modern data platforms and generative AI, many continue to face a shortage of specialized talent capable of deploying AI at enterprise scale. Technology providers often bring strong AI engineering capabilities but lack deep life sciences expertise, while in-house pharma teams understand the business but cannot always keep pace with the rapidly evolving AI ecosystem. Axtria’s Forward Deployed Engineering model bridges this gap by combining both disciplines into a single engineering organization that helps clients move from AI experimentation to enterprise-scale deployment.

Axtria’s Forward Deployed Engineers are trained and certified across leading AI and cloud platforms, including Anthropic, AWS, Databricks, LangChain, Microsoft, and Snowflake. Through the Axtria Institute, the company is developing life sciences domain experts into certified AI engineers who deploy solutions across Industry leading platforms and Axtria’s proprietary platforms—including SalesIQ™, MarketingIQ™ and  DataMAx™, helping clients modernize data foundations, improve decision-making, and scale enterprise AI with strong governance and cost efficiency.

“The industry is moving beyond AI experimentation to enterprise-wide deployment, and success now depends on execution,” said Navi Chadha, CTO and Co-founder, Axtria. “Our Forward Deployed Engineers combine deep life sciences expertise with world-class AI engineering capabilities to help clients operationalize AI at scale. This expansion reflects both the demand we’re seeing from customers and our commitment to building the talent needed to power the next generation of AI-enabled life sciences organizations.”

“The most important investment we’re making is in people,” said Manish Mittal, Managing Principal and Country Head, Axtria. “Through the Axtria Institute, we’re enabling our own life sciences experts to become certified AI engineers while also attracting exceptional engineering talent from the market. This creates unique career opportunities and ensures our clients have access to specialists who understand both the science of AI and the realities of life sciences.

Learn more about Axtria’s Forward Deployed Engineering model or explore FDE careers.

About Axtria 

Axtria helps life sciences companies harness the potential of data science and software to improve patient outcomes by connecting the right therapies to the right patients at the right time. A leading global provider of award-winning cloud software and data analytics, Axtria delivers proven solutions that help pharmaceutical, medical device, and diagnostics companies complete their journey from data to insights to action. As a participant in the United Nations Global Compact, Axtria is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption. For more information, visit www.axtria.com. 

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DCW Limited Appoints Sudarshan Ganapathy as Chief Executive Officer

Elevation from COO brings leadership continuity as the Company enters its next phase of growth

MUMBAI, India, Aug. 13, 2026 /PRNewswire/ — DCW Limited today announced that its Board of Directors has approved the appointment of Mr. Sudarshan Ganapathy as Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of the Company, with effect from 13^th August, 2026.

Mr. Ganapathy is being elevated from his current role as Chief Operating Officer (COO). Associated with DCW since 1990, he brings more than four decades of experience in the Indian chemical industry and a deep understanding of the Company’s businesses, operations and markets.

Deep Industry and DCW Experience

Mr. Ganapathy holds a Master’s Degree in Chemistry from the University of Mumbai and an MMS in Marketing from Welingkar Institute of Management Development & Research, Mumbai. Prior to joining DCW, he worked with Hoechst India Limited and Color-Chem Limited.

Since joining DCW as Regional Sales Manager in the PVC Division, he has held leadership responsibilities across strategy, manufacturing, business development, technology, marketing and market expansion, contributing to the Company’s evolution towards a more diversified and value-added product portfolio.

As CEO, Mr. Ganapathy will, inter alia, oversee the Company’s strategy, finance, marketing and operations, with responsibility for driving business performance and long-term growth. His appointment provides leadership continuity as DCW strengthens its Specialty Chemicals business, improves operating efficiency and builds on a stronger financial and manufacturing platform.

Management Commentary

Mr. Bakul Jain, Chairman & Managing Director, DCW Limited, said:

“Sudarshan has been closely involved in DCW’s development for more than three decades and understands our businesses, operations, customers and markets in depth. His appointment provides continuity in leadership while bringing our strategic, financial and operating priorities together under one experienced leader.”



Mr. Sudarshan Ganapathy, Chief Executive Officer, DCW Limited, said:

“I am grateful to the promoters and the Board for the trust they have placed in me. Having been part of DCW’s journey over the years, I have seen the strength of our businesses, people and capabilities. My focus will be on disciplined execution, strengthening Specialty Chemicals, improving operating efficiency and maintaining financial discipline as we build on the platform created for DCW’s next phase of growth.”

About DCW

DCW Limited stands as a stalwart in the Indian chemical industry, upholding a rich legacy since its foundation in 1939. The Company operates two major manufacturing facilities located in Dhrangadhra, Gujarat, and Sahupuram, Tamil Nadu. DCW’s portfolio is strategically segmented into Basic Chemicals (including Soda Ash, Caustic Soda, and PVC) and Specialty Chemicals (including Chlorinated Poly Vinyl Chloride (CPVC) and Synthetic Iron Oxide Pigment (SIOP)). The Company serves a diverse clientele globally, with a major presence in the USA, Europe, Japan, and the Netherlands. DCW is focused on leveraging its integrated operations, R&D capabilities in Sahupuram, and strategic investments to drive sustainable growth and strengthen its position in the domestic and international markets.

Safe Harbour Statement

Statements in this press release describing the Company’s objectives, projections, estimates, expectations, and predictions may be “forward-looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those expressed or implied due to various factors, including variations in prices of raw materials and finished goods realization, changes in government regulation, tax regimes, economic developments, supply chain disruptions, and other incidental factors.

 For more information, please visit www.dcwltd.com

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