7, Aug 2026
Bybit Dual Asset Integrates Four New xStocks, Expanding Use Cases for Tokenized Equities on Bybit
DUBAI, UAE, Aug. 7, 2026 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, announced the expansion of its xStocks Dual Asset offering with four newly supported tokenized stocks: METAx, TSLAx, HOODx, and CRCLx. The addition brings xStocks Dual Asset to a lineup of 10 tokenized stock pairs, following strong user demand
The expansion builds on Bybit’s earlier integration of xStocks into Dual Asset, which introduced tokenized shares in SpaceX, NVIDIA, Apple, Alphabet, Coinbase, and Amazon as underlying assets for the popular structured yield product. With the addition of METAXUSDT, TSLAXUSDT, HOODXUSDT, and CRCLXUSDT, xStocks Dual Asset now covers ten xStocks tokens encompassing the most sought-after assets on Wall Street.
The newly added assets span key sectors including artificial intelligence, electric vehicles, fintech, and stablecoins, further broadening the range of market themes users can build yield strategies around on Bybit.
Since launch, tokenized equities in NVIDIA has attracted the strongest user demand among supported xStocks, while SpaceX has consistently recorded the highest trading volume, underscoring sustained user interest in Bybit’s Dual Asset products tied to xStocks.
As tokenization of real-world assets continues to gain traction across the industry, Bybit’s expanded support for xStocks in Dual Asset reflects growing crypto-native interest in accessing traditional equities through familiar, on-chain mechanisms. Bybit was the first centralized exchange to offer xStocks as underlying assets for a structured yield product of this kind.
Dual Asset is a non-principal-protected investment product offering expected fixed returns upon successful subscription. Users select an asset pair, investment period, and target price based on their market view and risk appetite, with the final settlement asset determined by price movement against the target price at settlement.
xStocks Dual Asset follows the same eligibility requirements and regional restrictions as xStocks. Terms and conditions apply, and users should read the Risk Factors for this product before subscribing. For more details on eligibility and potential restrictions, users may visit: xStocks Dual Asset expands with four new assets
#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 secure and 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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- By Sai Krishna
7, Aug 2026
Bybit Expands UTA Loan Interest-Free Borrowing to 24 Assets, Empowering More Capital-Efficient Trading
DUBAI, UAE, Aug. 7, 2026 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has expanded its UTA Loan Interest-Free Borrowing program, extending interest-free borrowing eligibility to 22 additional major crypto assets. Combined with USDT and USDC, the program now covers 24 assets in total.
The expansion helps reduce funding costs for traders using Perpetual and Futures products, giving avid traders greater flexibility in capital management under Bybit’s Unified Trading Account (UTA) framework.
Under the new framework, asset coverage for interest-free loans now supports 24 assets, including BTC, ETH, SOL, XRP, ADA, OP, NEAR, DOT, DOGE, LINK, SUI, LTC, UNI, MNT, AAVE, BCH, HYPE, XLM, ETC, FIL, APT and AVAX, alongside USDT and USDC. This significantly broadens the scope of supported assets from two mainstream stablecoins to over a dozen cryptocurrencies.
The new mechanism balances cost efficiency and flexibility for qualified traders on Bybit:
- Lower Borrowing Costs: Traders no longer need to absorb interest charges on automatic borrowing triggered by unrealized losses on Perpetual or Futures positions. Zero interest rate applies for eligible borrowing under this scenario, as long as the amount stays within the applicable limit.
- Greater Capital Efficiency: With financing costs reduced across a wide set of 24 assets, traders can hold and adjust positions with less drag from borrowing expenses, freeing up capital that would otherwise go toward interest payments.
- Tailored VIP Benefits: The higher a trader’s VIP tier, the more borrowing capacity they unlock at zero interest. Because each account, including subaccounts, is assessed independently, traders running multiple accounts benefit from separate limits rather than a shared cap.
The interest-free benefit is specific to scenarios where unrealized losses on Perpetual or Futures positions activate automatic UTA borrowing. Manual borrowing, Spot Margin borrowing, Options borrowing and other borrowing types are excluded. Once the borrowed amount exceeds the limit for an asset, interest applies to the full balance.
Borrowing limits across VIP tiers are pegged to the USD equivalent value of the borrowed asset at real-time prices and may shift with market conditions, with advance notice given before any change.
Bybit’s expanded UTA Loan Interest-Free Borrowing program gives traders across VIP tiers more flexibility to manage positions without added costs. Committed to building the New Financial Platform for all, Bybit continues to introduce capital-efficient trading tools that support traders’ evolving risk management needs.
Terms and conditions apply. For details on availability and eligibility, and specific limits by VIP tier and asset type, users may visit: UTA Loan futas expands interest-free borrowing to 22 more assets
#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 secure and 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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7, Aug 2026
Binance Research: Gen Z Investors are Starting Younger and Showing Greater Financial Discipline
New commentary finds that Gen Z accounts for 44% of Binance Direct Stocks and bStocks users, with more than 90% of TradFi users in every generation based in emerging markets
MUMBAI, India, Aug. 7, 2026 /PRNewswire/ — Binance Research, the market research arm of the world’s largest cryptocurrency exchange, Binance, has recently published a new weekly market commentary titled ‘Onboarding the Next Generation‘. The report examines how Gen Z is becoming the dominant cohort on Binance’s TradFi products, and what their behavior reveals about the next wave of global equity access from emerging markets.
The report finds that 30% of Gen Z investors began investing during university or early adulthood, double the 15% rate for Millennials and well above 9% for Gen X. This earlier entry is paired with stronger preparation, as 77% of Gen Z investors report having received formal financial education, the highest of any generation, compared with 69% of Millennials and 58% of Gen X.
Binance Research identifies Gen Z as the largest single cohort across Binance’s TradFi suite, accounting for 44% of Direct Stocks and bStocks users and roughly 45% of TradFi-Perps users. Among users who have adopted all three products, 48% are Gen Z. Gen Z’s share of newly onboarded TradFi users has risen steadily from 41% in January to 47% in July, suggesting momentum rather than saturation.
The commentary further highlights that more than 90% of TradFi users in every generation are based in emerging markets, with Gen Z at 95%. Within that base, 13% of Binance Direct Stocks users are Gen Z investors from emerging markets holding less than US$2,000 in equity assets, a segment the report identifies as ‘Next Gen Users’. For many of these users, Binance is not one brokerage option among several but their first access to US equities, illustrating the financial-inclusion thesis in practice.
Moreover, the research suggests that Gen Z’s behavior contradicts the assumption of speculative trading. Leveraged ETFs account for just 5.9% of Gen Z trading volume, the lowest share of any generation, and the cohort trades less frequently at 2.6 as compared to other cohorts at 3.0 trades per day. First trades cluster in established names such as NVIDIA at 20% and Micron at 8%, with a blue-chip long tail including Tesla, Apple, and the Nasdaq-100 ETF. Despite holding the lowest investment capital per user, Gen Z has contributed approximately US$80B of TradFi volume year-to-date, compounding at 24% month-over-month.
In the report, Binance Research concludes: “Across every metric examined, Gen Z, the youngest generation of investors, and users based in emerging markets, are onboarding to Binance as the first point of access to global markets without a domestic brokerage relationship. It is the central feature of the trend, and a strong indicator of where the user base is heading.”
The full report, ‘Onboarding the Next Generation‘, is now available on Binance Research.
About Binance
Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 320 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means.
For more information, visit https://www.binance.com
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7, Aug 2026
NYSE Content Update: Pinnacle Acquisition + Ticketplus to Debut for Trade
NYSE issues a pre-market daily advisory direct from the trading floor.
NEW YORK, Aug. 7, 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 7th
- Investors digest the July jobs report ahead of the final trading session of the week.
- Pinnacle Acquisition and Ticketplus will begin trading on the NYSE and NYSE American respectively.
- Loma Negra (NYSE: LOMA) Chairman Marcelo Mindlin will join NYSE Live to discuss the company’s 100th anniversary and recent success.
- The NYSE is on the ground at Camp Commerce, an event bringing together approximately 200 brand founders and senior executives.
Opening Bell
Loma Negra (NYSE: LOMA) celebrates its 100th anniversary
Closing Bell
Officials and guests of the Hong Kong Dragon Boat Festival ring the NYSE Closing Bell
For market insights, IPO activity, and today’s opening bell, download the NYSE TV App: TV.NYSE.com
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7, Aug 2026
Tribesigns Expands Collaboration with Leading U.S. Home Retailers at Las Vegas Market 2026
NEW YORK, Aug. 7, 2026 /PRNewswire/ — Tribesigns, a globally acclaimed furniture manufacturer and retailer, expanded its engagement with leading U.S. home retailers at Las Vegas Market 2026 as senior representatives from key retail partners visited the company’s booth to view the latest furniture collections.

Among the visitors were Wayfair CEO Niraj Shah and his team, Amazon Justin, and The Home Depot Furniture team led by Christa Endler, Online Merchant Digital Decor. Their visits underscored Tribesigns’ growing relationships with major U.S. home retailers and provided an opportunity to exchange perspectives on product innovation, evolving consumer preferences and future collaboration.

At the show, Tribesigns showcased furniture collections spanning living, dining and storage spaces, highlighting its approach to creating functional, versatile furniture designed for modern living.
Las Vegas Market is a premier home furnishings trade event in Las Vegas, Nevada, bringing together retailers, buyers, designers, distributors and brands to discover new products, exchange industry insights and explore business opportunities.
Inspired by its “Designed for Life” philosophy, Tribesigns develops functional furniture across a broad range of home categories. Over the past 15 years, the brand has built a diverse portfolio that now reaches more than 30 million households worldwide through retail partners across global markets.
“We sincerely appreciate the trust and continued support from our strategic partners,” said Peter Wang, CEO of Tribesigns. “Las Vegas Market gave us another valuable opportunity to meet with the Wayfair, Amazon and The Home Depot teams, exchange ideas and better understand how consumer needs continue to evolve. Those conversations help shape our product strategy, and we look forward to building on these relationships while bringing thoughtfully designed furniture to more customers across the U.S. market.”
About Tribesigns
Tribesigns is a leading global furniture designer and manufacturer. With the slogan “Designed For Life,” its philosophy embraces the diversity of personal lifestyles and the importance of making environmentally conscious choices.
For more information about Tribesigns, please visit Tribesigns.com, explore Tribesigns B2B opportunities, or follow the brand on Facebook, Instagram, YouTube, Pinterest, and TikTok.
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7, Aug 2026
QC Ware Demonstration of Hybrid Quantum-Classical Workflow Using Promethium and IBM Quantum
PALO ALTO, Calif., Aug. 7, 2026 /PRNewswire/ — QC Ware (“QC Ware” or the “Company”) today announced a technology demonstration of a hybrid quantum-classical computational chemistry workflow using Promethium® and IBM Quantum hardware.
The demonstration calculated electrostatic interaction energy for nitric oxide reductase by combining GPU-accelerated molecular modeling and classical chemistry methods with quantum measurements performed on IBM’s 156-qubit Heron superconducting quantum processor. The work highlights how Promethium can be used alongside quantum hardware in scientifically relevant workflows. This was a technology demonstration and is not currently a fully integrated Promethium product capability.
“This demonstration shows how classical and quantum computing can be combined to address meaningful computational chemistry problems,” said Dr. Kin-Joe Sham, Co-Founder and COO at QC Ware. “We believe Promethium delivers high-performance computational chemistry today while providing a foundation for exploring future hybrid workflows.”
Nitric oxide reductase is a chemically complex metalloenzyme system, making it a relevant benchmark for evaluating advanced computational methods. The workflow focused on electrostatic interaction energy, an important molecular property in drug discovery, catalysis, and materials science.
The demonstration builds on QC Ware’s previously published research in hybrid quantum-classical chemistry and reflects the Company’s broader strategy of delivering practical, GPU-accelerated quantum chemistry today while advancing the use of artificial intelligence and quantum computing to address increasingly challenging scientific problems.
Available today, Promethium’s GPU-native architecture enables researchers to apply quantum chemistry across larger molecular systems and more compounds than has traditionally been practical. For selected workloads, Promethium runs demanding calculations up to 20× faster than the main conventional platforms, helping researchers generate molecular-level insights in hours instead of weeks and accelerating decision-making across drug discovery, catalysis, and materials science.
About QC Ware
QC Ware is a quantum computing software company. QC Ware develops applications that unlock the power of quantum computing for drug discovery, material design and other industry verticals. QC Ware’s Promethium platform provides GPU-accelerated quantum chemistry for molecular modeling and drug discovery, helping customers make better discovery decisions today while exploring the hybrid quantum-classical workflows of tomorrow. QC Ware also organizes and hosts Q2B quantum computing conferences in Japan, Europe and the United States.
Forward-Looking Statements
This press release includes forward-looking statements relating to QC Ware’s expectations, hopes, beliefs, intentions or strategies regarding the future. Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “potential,” “project,” “seek,” “should,” “will,” “would” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding: QC Ware’s expectation that Promethium is providing a foundation for exploring hybrid workflows. These statements are based on various assumptions and on the current expectations of QC Ware’s management and are not predictions of actual performance. These forward-looking statements are subject to a number of risks and uncertainties, including changes in business, market, financial, political and legal conditions; the rapid evolution of quantum computing and flaws or errors in Promethium or flaws in or misuse of quantum computing in general; and risks related to working with quantum hardware providers.
Contact:
Kin-Joe Sham
kj.sham@qcware.com
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7, Aug 2026
Woxsen University Marks National Handloom Day with Handloom Workshop, in Association with Weaver Service Centre, Hyderabad
On National Handloom Day, the School of Arts and Design, Woxsen University, swapped lecture slides for loom demonstrations, hosted by the Weaver Service Centre, Hyderabad
HYDERABAD, India, Aug. 7, 2026 /PRNewswire/ — What if the person teaching a design class wasn’t a professor, but a master weaver? That was the premise Woxsen University’s School of Arts and Design established this National Handloom Day, in collaboration with the Weaver Service Centre (WSC), Hyderabad, for a session built around India’s handloom traditions and the artisans who keep them alive.
The celebration featured an exhibition led by Dr. S. Arun Kumar, Director of WSC Hyderabad, and his team. The display covered handloom textiles from across India, traditional weaving techniques, and government schemes that support the handloom sector. Students explored the exhibits closely and spoke directly with weaving experts, gaining a first-hand understanding of India’s textile traditions and sustainable craft practices.
Dr. Kumar also led an interactive session on preserving India’s handloom legacy, supporting artisan communities, and building stronger ties between weavers and the next generation of designers. The session encouraged students to see indigenous textiles not just as heritage, but as a source of contemporary design innovation.
Adity Saxena, Dean, School of Arts and Design, Woxsen University, said, “At Woxsen, we believe that design education must extend beyond classrooms and studios. Learning directly from artisans provides students with authentic insights into traditional knowledge systems, craftsmanship, and sustainable practices. By incorporating artisans’ experiences, feedback, and expertise into our curriculum through workshops and collaborative engagements, we enable students to bridge the gap between academic learning and real-world craft traditions. Going forward, we are committed to inviting more artisans and master craftspeople to share their invaluable knowledge with our students.”
It is a small but deliberate bet: that the future of Indian design will not be built in isolation from the people who have been weaving its past for centuries. Through initiatives like this, Woxsen University’s School of Arts and Design is positioning itself as a bridge between the studio and the loom; training future generation of designers who don’t just study craft but know the artisans behind it.
About Woxsen University, Hyderabad
Woxsen University, located in Hyderabad, is one of the first private universities in the state of Telangana, India. Renowned for its 200-acre state-of-the-art campus and infrastructure, Woxsen University offers new-age, disruptive programs in the fields of Business, Technology, Arts & Design, Architecture, Law, and Liberal Arts & Humanities. Woxsen also houses Asia’s largest Sports Infrastructure, spread over 60 acres. With 190+ Global Partner Universities and a strong industry connect, Woxsen is recognized as one of the top universities for Academic Excellence and Global Edge. Woxsen has also secured the QS Business Masters World Ranking 2025, Rank #8 All India, Top 100 B-Schools by Times B-School Ranking 2026, Rank #6, Asia Pacific, Bloomberg Best B-School, and features in India’s Best B-Schools beyond IIMs by Dalal Street Investment Journal 2025, in 4th consecutive year. Woxsen is ranked as one of the Top Professional Colleges in India by Outlook I-CARE for its undergraduate programs, securing All India Rank 12 among the Top 130 BBA Private Institutes, All India Rank 20 among the Top 160 B. Tech Private Institutes, All India Rank 3 among the Top 25 Design Private Institutes, and All India Rank 3 among the Top 30 B. Arch Private Institutes.
Media Contact:
Ahana Bose
ahana.bose@woxsen.edu.in
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7, Aug 2026
Vijay Chintakayala Salutes India’s Handloom Tradition with Special Gift to Prime Minister Modi
New Delhi, August 7, 2026
On a day dedicated to celebrating India’s rich handloom tradition, Andhra Pradesh’s renowned Mangalagiri handloom found a place at the country’s highest political office as Rajya Sabha MP Vijay Chintakayala presented a traditional handwoven shawl to Prime Minister Narendra Modi on the occasion of National Handloom Day. Nitin Nabin, National President of the Bharatiya Janata Party and other senior leaders were also present during the interaction.
The gesture resonated with Prime Minister Narendra Modi’s National Handloom Day message, in which he paid tribute to India’s weavers and artisans and reaffirmed the Centre’s commitment to strengthening the handloom sector as a driver of rural empowerment, women-led development, and the vision of an Atmanirbhar Bharat.

By presenting the Prime Minister with a Mangalagiri handloom shawl, Vijay Chintakayala turned the national celebration into an opportunity to showcase one of Andhra Pradesh’s most celebrated traditional weaves before the country’s leadership.
Known for its distinctive craftsmanship and Geographical Indication (GI) status, Mangalagiri handloom represents generations of skilled artisans whose work continues to preserve one of India’s oldest weaving traditions.
The gesture also reflects the Andhra Pradesh government’s continued focus on promoting indigenous handlooms under the leadership of Chief Minister N. Chandrababu Naidu. Through initiatives aimed at improving financial security, market access, and recognition for artisans, the government has sought to strengthen the handloom sector while preserving its cultural legacy.
Speaking after the interaction, Vijay Chintakayala said, “Presenting the Mangalagiri handloom shawl to Hon’ble Prime Minister Shri Narendra Modi on National Handloom Day was a tribute to every weaver whose craftsmanship keeps our heritage alive. This recognition belongs to the artisan community of Andhra Pradesh.”
The gesture also reflects the continued efforts of Shri Nara Lokesh, Minister for Information Technology and MLA from Mangalagiri, who has been promoting Mangalagiri handlooms through initiatives such as the Nethannaku Seva scheme, which provides ₹25,000 in annual financial assistance to handloom weaver families, the establishment of a dedicated weavers’ school, and sustained efforts to preserve and promote the region’s rich weaving heritage.
As India celebrated National Handloom Day, the traditional shawl from Mangalagiri carried a message beyond protocol: every handwoven fabric represents the skill, perseverance, and cultural identity of the artisans who create it, and their work deserves recognition on the nation’s biggest platforms.
7, Aug 2026
India recycles nearly 60 per cent of the plastics it consumes, placing the country among the global leaders in plastic recycling: Plastindia Foundation
Hyderabad, Aug 07: Calling the plastics and polymers sector a “salient engine of India’s economic growth,” Telangana Minister for Information Technology, Electronics, Communications, Industries & Commerce D. Sridhar Babu appealed to industry stakeholders to join hands with the government in making Telangana a leading hub for plastics and polymer manufacturing.
The Minister inaugurated HIPLEX 2026, South & Central India’s largest plastics exhibition and India’s third-largest plastics expo, at the HITEX Exhibition Centre on Friday.
The four-day international exhibition, organised by the Telangana and Andhra Plastics Manufacturers Association (TAAPMA), features over 550 exhibitors and is expected to attract more than 55,000 business visitors from India and abroad.
Addressing a gathering of over 500 industry leaders, entrepreneurs and exhibitors, the Minister said the exhibition represents much more than machines and products.
Everyone presents here has experienced plastics in one form or another throughout life’s journey. This exhibition is not merely about products and machinery. It reflects dreams, entrepreneurship, innovation and the courage to invest in the future, he said.
He said almost every manufacturing sector today depends on plastics and polymers in some form.
“The plastics and polymers industry is a salient engine of India’s economic growth. It provides direct employment to nearly 50 lakh people and indirect employment to over one crore. In Telangana alone, nearly two lakh families depend on this industry for their livelihood.”
He observed that as manufacturing grows, industries expand, employment increases and the country’s economy prosper.
Referring to the challenges faced by the sector, the Minister said the industry has successfully navigated geopolitical uncertainties, volatile crude oil prices, fluctuating polymer prices, logistics disruptions, energy challenges and labour shortages.
“Industries are not built in easy times. They are built in difficult times. Your resilience has made you stronger than ever.”, he added.
Assuring continued government support, he said: “The Telangana Government is your partner in progress. Your success is our success. Whenever policy intervention is required for the betterment of the industry, the Government will stand with you.”
Highlighting Telangana’s industrial growth story, the Minister said the State has already established itself as a leader in IT, ITeS, Electronics, Pharmaceuticals, Global Capability Centres (GCCs), Defence and Aerospace.
“We now want to replicate the same success in the plastics and polymers sector. The future belongs to industries that innovate responsibly, embrace sustainability and adopt green manufacturing practices. Let us together make Telangana the preferred destination for plastics and polymer manufacturing.”
The Minister also released the HIPLEX 2026 Show Directory.
Speaking on the occasion, Dr. Raju Desai, President, Plastindia Foundation, said India’s plastics industry has grown into a ₹4.5 lakh crore industry, expanding at 6-9 per cent annually, with similar growth expected through 2031.
The industry today employs nearly 55 lakh people, while exports are expected to cross ₹1.4 lakh crore this year.
He said India recycles nearly 60 per cent of the plastics it consumes, placing the country among the global leaders in plastic recycling.
Dr. Desai noted that packaging continues to account for nearly half of the industry’s demand, while healthcare, pharmaceuticals and medical devices are among the fastest-growing segments. The automotive sector, driven by lightweight materials and electric vehicles, contributes around 15 per cent of consumption.
Arvind Mehta, Chairman, Governing Council, All India Plastics Manufacturers’ Association (AIPMA), said the industry must now focus on four strategic priorities—exports, technology adoption, skill development and sustainability.
He observed that India has enormous potential to significantly expand exports of plastic products and become a stronger global manufacturing base.
Anil Reddy Vennam, Senior Vice President, AIPMA, appealed to the Governments of Telangana and Andhra Pradesh to establish a dedicated Plastics Park with world-class infrastructure that would enable MSMEs to set up manufacturing units.
He also requested the allocation of 250 acres for a Recycling Cluster with a Common Effluent Treatment Plant.
He urged both State Governments to encourage investments in infrastructure, water management, packaging and medical plastics, with the goal of increasing plastics consumption in the two States to two million tonnes by 2030 and raising their share in the national market to over 8 per cent.
He said HIPLEX has been provided with a dedicated 2 MW power supply to enable exhibitors to conduct live demonstrations of advanced processing machinery, recycling systems, bio-polymers and next-generation polymer technologies.
Narendra Baldwa, President, TAAPMA, said the 55-year-old association, representing more than 1,000 members, has consistently promoted technology, innovation and sustainability in the plastics sector.
Meela Jayadev, Convener, HIPLEX 2026, said plastics have become indispensable to modern life.
“From a pin to an aeroplane, plastics are everywhere. The real question is not whether plastics should exist, but how responsibly they should be produced, used and recycled.”
He noted that India’s per capita plastic consumption is around 7 kg, compared with 24 kg in China, indicating tremendous growth potential.
One of the biggest attractions at HIPLEX 2026 is the Dedicated Recycling Pavilion, where visitors can witness how discarded plastics are transformed into high-value products such as roads, railway sleepers, furniture, construction materials and even garments.
The exhibition also features live machinery demonstrations, technical conferences, knowledge sessions and business networking events covering emerging raw materials, recycling technologies, sustainability, automation and future manufacturing trends.
HIPLEX 2026 is spread across seven exhibition halls covering over 26,000 square metres and will remain open to visitors until August 10, from 10.00 am to 6.00 pm each day.
7, Aug 2026
Rubystone Hospitality Partners with JYKIM to Elevate Premium Hospitality Experience in Saharanpur

Aug 07: Rubystone Hospitality has officially associated with JYKIM for the management and operations of its premium hospitality property, marking a significant step towards delivering elevated guest experiences and world-class hospitality services. This strategic collaboration reflects Rubystone Hospitality’s commitment to managing premium properties with excellence, innovation, and exceptional service standards.
Heaven Wood Exxotica, a Saharanpur property, features 69 well-appointed rooms, designed to provide guests with maximum comfort and convenience. It is also home to one of the largest swimming pools in the region, complemented by modern amenities that cater to both leisure and business travelers. Surrounded by scenic beauty and offering spacious event venues, the property is an ideal destination for destination weddings, family celebrations, corporate events, and relaxing vacations.
Through this partnership, guests can expect personalized services, premium hospitality, and memorable experiences that blend comfort with luxury. The collaboration aims to enhance the property’s operational excellence while creating a welcoming environment for every visitor.
Under the leadership of Mr. Yashraj, Managing Director of JYKIM and Mehardeep Singh, Director Aquisitions & Development, Rubystone Hospitality, this collaboration with Rubystone Hospitality marks another important milestone in strengthening hospitality operations. Together, the two organizations are committed to setting new benchmarks in guest satisfaction and delivering exceptional hospitality experiences.


