18, Aug 2026
ICMAI Prepares Finance Sector for April 2027 ECL Rollout with New Guidance Handbooks
New Delhi, Aug 18: The Institute of Cost Accountants of India (ICMAI) on Tuesday launched two professional handbooks on Expected Credit Loss (ECL) and restructuring of bank loans, aimed at helping banks, borrowers, MSMEs and finance professionals prepare for the Reserve Bank of India’s ECL framework coming into effect from April 1, 2027.
The launch was attended by CMA Chittaranjan Chattopadhyay, President, ICMAI; CMA Manoj Kumar Anand, Vice-President, ICMAI; CMA Harshad Deshpande, Chairman, BFSI Board, ICMAI, who joined online; CMA Puneet Jain, Director, NIPSCOM; Dr. P. Siva Rama Prasad, author of the publications; and Dr. Ramjas Yadav, former Executive Director, Bank of Baroda. CMA M. K. Mohan Tanksale, former Chairman and Managing Director of Central Bank of India and former Chief Executive of the Indian Banks’ Association, also addressed the event online.
The publications — Expected Credit Loss (ECL) Framework: A Practical Handbook for Indian Banks and Handbook on Restructuring of Bank Loans — have been developed as practical reference resources for bankers, CMAs, corporate borrowers, MSMEs and other stakeholders navigating changes in credit assessment and stressed-loan management.
The ECL handbook explains key aspects of the new framework, including Stage 1, Stage 2 and Stage 3 classification, Probability of Default (PD), Loss Given Default (LGD), Exposure at Default (EAD), forward-looking macroeconomic factors, data requirements, model development and validation, technology and automation, accounting, audit, disclosure and transition strategies. It also includes case studies and practical illustrations.
The Handbook on Restructuring of Bank Loans focuses on the identification and management of financial stress. It covers early warning signals, evaluation of restructuring proposals, regulatory requirements, financial assessment, Techno-Economic Viability (TEV) studies, financial projections, operating-cost analysis, resolution plans, digital footprint analysis and documentation.
ECL transition calls for greater preparedness
Speaking at the launch, CMA Chittaranjan Chattopadhyay, President, ICMAI, said the transition to ECL would be an important development for the Indian banking sector and underlined the need for adequate preparedness among banks and other stakeholders.
He said ICMAI’s objective was to support professionals and institutions in understanding the practical dimensions of the framework and adapting to a more forward-looking approach to credit-loss recognition.
The discussions at the event highlighted that the ECL framework could strengthen the quality of credit assessment by encouraging financial institutions to identify and recognise potential credit losses at an earlier stage. Speakers also emphasised the importance of awareness among borrowers so that businesses facing temporary financial stress can better understand their options.
Supporting viable businesses through restructuring
The second handbook addresses the challenges faced by businesses when financial stress affects their ability to meet debt obligations.
Dr. P. Siva Rama Prasad, author of the publications and a former State Bank of India professional, said the handbook draws on his banking experience and seeks to address knowledge and communication gaps faced by SMEs, MSMEs, mid-sized companies and corporates approaching banks for restructuring.
He said disruptions arising from factors such as geopolitical developments and the COVID-19 pandemic had contributed to financial stress for several businesses. The handbook aims to provide practical guidance on restructuring so that viable businesses can continue operations rather than moving directly towards non-performing assets.
ICMAI officials said the publication is not intended to replace existing banking processes, but to improve awareness among entrepreneurs and borrowers about the mechanisms and options available when businesses experience financial difficulties.
CMAs emerging as key partners in banking
The launch also highlighted the expanding role of Cost and Management Accountants in the banking and financial services sector.
CMA Manoj Kumar Anand, Vice-President, ICMAI, said banks were increasingly recognising the importance of cost professionals as financial institutions focus on cost efficiency, operational performance and profitability.
He said CMAs can contribute beyond traditional accounting functions in areas such as cost optimisation, credit analysis, risk management, budgeting, performance evaluation and strategic decision-making.
ICMAI also called for greater institutional focus on cost governance in banking and suggested that banks consider dedicated cost-focused positions, including a Chief Cost Compliance Officer, to strengthen cost control and accountability.
Focus on capacity building and emerging banking risks
CMA Puneet Jain, Director, NIPSCOM, said four ECL training programmes had already been conducted in association with ICMAI, with further programmes planned to support capacity building among banking professionals.
ICMAI’s BFSI-focused programmes cover credit management, treasury and international banking, concurrent audit, and the three major banking risks — credit, operational and market risk.
The institute is also strengthening its focus on financial technology and has introduced an Advanced Certificate Course on FinTech for graduates and professionals, including MBAs, CAs and CMAs, in response to the growing role of technology in banking and financial services.
ICMAI also highlighted the growing participation of banks and financial institutions in its campus placement programme, with nearly 1,000 successful placements recorded during the last year.
Participating organisations included ICICI Bank, Cosmos Co-operative Bank, Saraswat Co-operative Bank, Karur Vysya Bank, Power Finance Corporation, Indian Renewable Energy Development Agency, Shriram Finance, Bajaj Finserv, HSBC Bank and CSB Bank, among others.
ICICI Bank recruited more than 250 CMA professionals, while Cosmos Co-operative Bank recruited more than 80 CMAs. The highest CTC reported through the placement programme was ₹36 lakh per annum, while the average CTC ranged between ₹12 lakh and ₹14 lakh per annum.
The institute said the participation of banks and financial institutions reflected the growing demand for CMAs in financial management, cost management, credit analysis, risk management and strategic decision-making.
The launch brought together professionals from ICMAI, banking and financial services, professional education and the media to discuss the upcoming ECL transition, effective management of stressed loans and the evolving contribution of CMAs to India’s banking and financial ecosystem.
ICMAI said stronger credit assessment, cost governance and restructuring of viable stressed businesses can together support greater financial discipline and contribute to a more resilient banking sector.
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- By Neel Achary
18, Aug 2026
SEBI, NSE Step Up Investor Awareness to Promote Safer Digital Investing
New Delhi, Aug 18: As online investing becomes increasingly accessible, the Securities and Exchange Board of India (SEBI) and the National Stock Exchange (NSE) are stepping up efforts to help investors make informed decisions and participate in the market with greater confidence.
For many Indians, investing has moved from traditional channels to smartphones and digital platforms. Opening an investment account and accessing market information can now take only a few minutes, making the stock market easier to reach for young professionals, first-time investors and families building long-term savings.
With this growing accessibility, investor education has become increasingly important. SEBI and NSE are focusing on helping people understand basic financial concepts, assess investment risks and identify authorised platforms and registered market professionals.
The initiative also highlights the importance of checking information before acting on investment advice. Social media has become a popular source of market commentary, but investors may encounter recommendations from people who are not authorised to provide investment advice. SEBI has recently cautioned investors about live trading strategies and real-time market tips shared through social-media platforms.
SEBI and NSE are also drawing attention to verified trading applications and investor grievance mechanisms. These measures are intended to make it easier for people to confirm that they are dealing with legitimate market participants and know where to seek assistance when they have concerns.
The message is particularly relevant for ordinary households because investment decisions often involve hard-earned savings. Someone investing for a child’s education may have very different needs from a young professional building wealth or a retiree managing savings for everyday expenses.
Investors are therefore being encouraged to take a thoughtful approach rather than rushing into decisions. Checking the credentials of an intermediary, understanding the investment product and considering the possible risks can help people choose options that are appropriate for their financial circumstances.
The wider aim is to make financial markets easier to understand and less intimidating for new participants. Greater financial literacy can help investors develop realistic expectations and make decisions based on their goals rather than short-term market excitement.
As India’s retail investment community continues to grow, responsible investing will increasingly depend on a combination of access, awareness and discipline.
For investors, the best approach is simple: verify the information, understand the risks and invest according to your financial goals. Better awareness can help people participate in India’s growing capital markets with greater confidence while making more thoughtful decisions about their savings.
18, Aug 2026
Textile Minister Vrunda Desai Champions ‘Freedom from Unused Garments’ as ReFiber calls for Nationwide Garment Collection Drive
ReFiber, powered by OterRi, brings together Tisser Artisan Trust, CMAI, UNIDO and Lions International for an Independence Day textile circularity initiative
MUMBAI, India, Aug. 18, 2026 /PRNewswire/ — As India marks 80 years of Independence, ReFiber, powered by OterRi, launched its nationwide ‘Freedom from Unused Garments’ post-consumer textile collection drive at an online stakeholder meet, with Ms. Vrunda Desai, Textile Commissioner, Ministry of Textiles, Government of India, as the Chief Guest. The initiative calls for greater awareness around conscious consumption, textile waste and circularity.
The initiative brings together ReFiber, powered by OterRi, Tisser Artisan Trust, CMAI, UNIDO and Lions International to create accessible pathways for the collection, recovery, reuse and upcycling of unused garments.
Ms. Vrunda Desai, Textile Commissioner, Ministry of Textiles, Government of India, highlighted a different dimension of freedom, saying, “Freedom from wasteful consumption, resource inefficiency and unsustainable habits.” Highlighting India’s textile sector, she added, “India’s textile sector is one of the largest in the world and reflects the Prime Minister’s vision of 5F – farm to fibre, fibre to factory, factory to fashion and fashion to foreign markets.”
Highlighting the scale of textile waste, Desai said, “India generates around 70 lakh tons of textile waste annually with nearly 58% arising after consumer use.” She added, “Every discarded garment represents valuable resources like the fiber, water, energy, chemicals, the transportation and the human effort in it.”
Desai also highlighted the role of public figures in encouraging reuse, referring to Alia Bhatt’s wedding saree, which she re-fashioned and wore again for the National Film Awards in 2024. She said, “These are the type of role models we look forward to, who recycle and upcycle their wardrobes and give a new life to the clothes they wear.”
Appreciating ReFiber’s approach, Desai said, “I really appreciate the initiative of ReFiber, which provides citizens a simple digital platform to schedule doorstep collection of unused garments. You don’t have to go anywhere. You just need to press a button and schedule the pickup of your unused garments.”
As part of its wider circularity vision, ReFiber has appealed to the Ministry of Textiles to help connect it with upcyclers across India. The ReFiber Upcycler Marketplace, an exclusive marketplace for recycled and upcycled products, aims to provide upcyclers a platform to showcase their work and create new value from recovered textiles.
Dr. Megha Phansalkar, Founder, Tisser Artisan Trust, emphasised the need to change perceptions around discarded textiles. She said, “Let’s think how we can bring our garments, which are to be discarded, not as discarded material but as raw material for the further journey.”
Mr. Santosh Katariya, President, CMAI, said, “Today we are looking at freedom from waste, freedom from unnecessary landfills.” He added, “Instead of garments ending up in landfills we can recover them through collection recycling and upcycling.” Highlighting the social impact, he said, “On one hand we are protecting the environment, and on the other hand we are empowering women.”
Dr. Pankaj Kumar, National Project Coordinator, UNIDO, stressed the importance of viable economic models, saying, “Whenever we talk of development, we need to think about sustainability and the financial model.” Calling for wider adoption, he added, “Mumbai is one of the case studies, while also considering national adoption.”
Mr. Naveen Sainani, Hon. General Secretary, CMAI & Chairman – ESG, said, “Today is not merely the launch of a waste collection drive. It is the beginning of a moment to change the way we look at textile waste.” He added, “Collection is just the first step and the real success will come when the consumer understands that garments lying unused in their cupboard can have another purpose.”
Manoj Wanvari, COO, OterRi & ReFiber, said, “ReFiber is not just about collection of clothes. Collection is the first step. We are creating a circular ecosystem where these unused clothes can find a new purpose.”
Calling for stronger infrastructure for circularity, Wanvari said, “We would request you to study the ReTuna model in Sweden. ReTuna is the world’s first recycling mall where everything sold is recycled or reused or has been organically or sustainably produced.” He added that similar infrastructure, with government support, could help strengthen India’s circular economy.
Wanvari also shared that the initiative had already received approximately 42 requests for the collection of post-consumer textile waste through the ReFiber app, with the response coming organically.
As India celebrates its freedom, ReFiber seeks to add a new dimension to Independence Day, freedom from wasteful consumption and the opportunity to give unused garments a second life.
About ReFiber
ReFiber, powered by OterRi, is a technology-enabled circular economy platform designed to transform how India collects, tracks and recovers post-consumer textile waste. Rather than functioning as a standalone collection drive, ReFiber integrates digital citizen engagement, doorstep collection through OterRi’s established laundry and delivery network, source segregation, material traceability and impact reporting into a single ecosystem. Through partnerships with organisations such as Tisser, CMAI, UNIDO and World Trade Center Mumbai, ReFiber aims to build a scalable, replicable Digital Public Infrastructure for textile circularity—from a single city demonstration towards a state-wide and eventually national model.
About OterRi
OterRi is the doorstep laundry-service aggregator and micro-logistics network that powers ReFiber’s collection infrastructure. Its established base of laundry service partners and delivery personnel gives ReFiber a ready-made, hygienic first-mile collection channel capable of recovering textiles directly from households, addressing one of the most persistent barriers in textile recycling, access to clean, source-segregated material.
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18, Aug 2026
Fractal Wins US$17M+ Multi-Year AI Deal with a Fortune 500® U.S. Healthcare Organization
MUMBAI, India, Aug. 18, 2026 /PRNewswire/ — Fractal Analytics Ltd. (BSE: 544700) (NSE: FRACTAL), a globally recognized enterprise AI company serving Fortune 500® organizations, announced that it has secured a US$17M+ multi-year agreement with a leading U.S. healthcare enterprise to modernize its Data and AI foundation on Databricks platform and support its journey toward becoming an AI-ready organization.
The engagement also encompasses 24 x 7 managed data operations, including the consolidation of support from multiple vendors under Fractal as the single strategic partner, improving operational efficiency by integrating Agentic Ops and creating a scalable, governed, and resilient platform designed to accelerate AI adoption, reduce technical debt, optimize total cost of ownership and support continuous innovation.
AI Foundations (AIF) is Fractal’s technology pillar, focused on building AI-ready enterprises through modern data foundations, enterprise knowledge layers, AI governance, and managed operations that enable scalable and responsible AI adoption.
Fractal’s Healthcare & Life Sciences (HLS) practice partners with healthcare payers, providers, pharmaceutical, and medical technology organizations to drive AI-led transformation. The practice delivers solutions across clinical and care management, population health, value-based care, underwriting and risk management, claims and payment integrity, marketing content generation, dynamic targeting, forecasting, patient service programs, field operations, medical affairs, clinical trial acceleration and other areas. This engagement is part of Fractal’s normal course of business with an existing client.
“Healthcare is entering a new era where AI can help organizations make faster, smarter and more informed decisions across every stage of the care journey. At Fractal, our focus is on delivering practical healthcare AI that drives measurable impact, from operational performance to patient and member experiences. We are excited to support our client in building the capabilities needed to realize this vision at scale,” said Matt Gennone, Chief Commercial Officer, Fractal and CEO, Cogentiq.
“As enterprises accelerate AI adoption, moving from isolated pilots to enterprise-scale AI deployment requires strong AI foundations. We are seeing leading organizations make long-term commitments to modernize data, governance and operational foundations, validating AI Foundations as a critical enterprise transformation category. Fractal is uniquely positioned to help clients on this journey through deep domain expertise, proprietary IP and outcome-based delivery. We are excited to expand the partnership with our client in building a resilient, AI-ready foundation that delivers measurable business results,” said Srikanth Velamakanni, Co-founder, Group Chief Executive and Vice-Chairman, Fractal.
The engagement underscores Fractal’s growing role in helping enterprises build the foundations needed to scale AI responsibly and sustainably.
About Fractal
Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL) is a globally recognized pure-play enterprise AI company trusted by Fortune 500®-sized enterprises to power decision-making through AI services, solutions, and products. Fractal’s strategy is focused on three pillars: AI-led Transformation (AIT), which reimagines business workflows and decision-making through AI; AI Foundations (AIF), which enables scalable, trusted, and governed enterprise AI through robust data and technology foundations; and AI Work & Workforce (AIW), which helps organizations redesign work, develop AI-ready talent, and build the capabilities needed for the AI-native enterprise. All three pillars are powered by Cogentiq, Fractal’s flagship agentic AI platform.
With over 6,000 professionals across North America, EMEA, and Asia-Pacific, Fractal partners with business leaders to drive competitive differentiation for their organizations by embedding AI into critical decisions across business functions and industry verticals.
Fractal invests more than 6% of its revenue in AI R&D, supporting foundational AI research, product development, and IP creation that address both immediate client needs and long-term technological advancement. Fractal’s track record includes developing proprietary models and products such as Vaidya.ai and PiEvolve, as well as incubating and spinning out Qure.ai, a global healthcare AI leader focused on the rapid identification and management of tuberculosis, lung cancer, and stroke (or critical health conditions). Fractal’s suite of businesses consists of Asper.ai (a Revenue Growth Management product for CPG companies) and Analytics Vidhya (an Ed-tech platform).
Disclaimer:
This communication has been prepared by Fractal Analytics Limited (“the Company”) for general informational purposes only. This document does not constitute or form part of, and should not be construed as, an offer, invitation, or solicitation of an offer to purchase, subscribe for, sell, or otherwise deal in any securities of the Company, nor shall it or any part of it form the basis of, or be relied upon in connection with, any investment decision.
This communication contains certain statements that are, or may be deemed to be, forward-looking statements. These forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the Company’s actual results, performance, or achievements to differ materially from any future results, performance, or achievements expressed or implied by such forward-looking statements. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise, except to the extent required by applicable law or regulation.
The information contained in this communication has not been independently verified. No representation, warranty, or undertaking, express or implied, is made as to the accuracy, completeness, or fairness of the information or opinions contained in this communication.
Past performance of the Company is not indicative of future results. Investors and other stakeholders are advised to exercise independent judgment and consult their own legal, financial, and tax advisors before making any decision based on the information contained herein.
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18, Aug 2026
UIDAI Completes Over 2 Crore Mandatory Biometric Updates for School Children
New Delhi, August 18: The Unique Identification Authority of India (UIDAI) has completed more than 2 crore Mandatory Biometric Updates (MBU) for school children as part of its nationwide mission-mode drive, covering around 1.56 lakh schools across the country.
The special drive, launched in September 2025, has been undertaken in coordination with State and Union Territory education departments to make Aadhaar biometric updates more accessible to children. Dedicated camps and school-level outreach programmes have enabled students to complete the mandatory process at their schools.
The initiative has been strengthened through UIDAI’s technological integration with the Unified District Information System for Education Plus (UDISE+), allowing schools to access information on the MBU status of children and facilitate timely updates.
Aadhaar enrolment for children below five years captures demographic details and a photograph, while fingerprints and iris biometrics are not recorded because these biometric features are still developing. Mandatory biometric updates ensure that the Aadhaar record is updated with the child’s latest biometric information as they grow.
MBU is required when a child reaches the age of five and again at 15. Timely completion of these updates helps ensure a smoother Aadhaar authentication experience as children move through school, higher education and other services where Aadhaar authentication may be required.
To encourage parents and guardians to complete the updates on time, UIDAI has waived MBU charges for children aged 7 to 15 years from October 1, 2025, for one year. MBU for children in the 5–7 and 15–17 age groups is already free. As a result, Mandatory Biometric Updates are currently free for children aged 5 to 17 years until September 30, 2026.
UIDAI has cautioned that failure to complete mandatory biometric updates could create difficulties in Aadhaar authentication while accessing benefits under various government schemes. It may also affect processes involving Aadhaar authentication, including registration for competitive and university examinations such as NEET, JEE and CUET.
UIDAI has urged parents and guardians to check the Aadhaar biometric update status of their children and complete the mandatory updates within the stipulated period.
18, Aug 2026
FTAs Open New Doors for Indian Exporters, Strengthening Global Trade Prospects
New Delhi, Aug 18: India’s expanding network of Free Trade Agreements (FTAs) is creating new opportunities for exporters and strengthening the country’s efforts to build a larger presence in global markets.
India’s export performance has remained strong, with total exports reaching a record $863.1 billion in 2025-26, comprising merchandise exports of about $441.8 billion and services exports of around $421.3 billion.
The growing number of trade agreements is helping Indian businesses gain improved access to overseas markets while reducing tariff barriers on a range of products. For exporters, this can make Indian goods more competitive and create opportunities to reach new customers.
The benefits could be significant for sectors such as textiles, pharmaceuticals, engineering products, agriculture, food processing, chemicals, leather and other manufacturing industries. Greater market access can encourage companies to increase production, improve technology and invest in better-quality products.
For MSMEs, which often face greater challenges when entering international markets, FTAs can provide an important opportunity to expand beyond domestic demand. Easier access to foreign customers could encourage smaller companies to develop export-oriented businesses and become part of global supply chains.
However, converting trade agreements into higher exports will require more than lower tariffs. Indian companies will need to meet international quality requirements, understand rules of origin, strengthen packaging and improve logistics and supply-chain efficiency.
The government is also continuing efforts to expand and deepen trade partnerships with important global markets. Greater diversification of export destinations could help Indian businesses reduce their dependence on a limited number of markets and build more stable international demand.
The impact of stronger exports can extend across the wider economy. Rising overseas demand can encourage investment in factories, technology, logistics, warehousing and supporting services, while creating employment opportunities across manufacturing and trade-related sectors.
For farmers and rural enterprises, expanding international markets for agricultural and processed products could provide additional opportunities when supported by efficient supply chains, quality standards and better market connections.
The growing FTA network therefore represents an opportunity for India to move beyond simply increasing export volumes. It can help Indian companies develop stronger brands, improve competitiveness and establish long-term relationships with international customers.
As businesses become more familiar with new trade arrangements and invest in quality and capacity, FTAs could play an increasingly important role in India’s export strategy.
The bigger opportunity is to turn improved market access into higher investment, stronger businesses, more jobs and globally competitive Indian products.
18, Aug 2026
Samsung’s Vision AI TVs Light Up Onam Celebrations with My Kerala, My Samsung Campaign
Gurugram, Aug 18: Samsung, India has announced exclusive Onam festival offers ‘My Kerala My Samsung’ on its premium Vision AI TV lineup for consumers across Kerala. Built around technology and size upgrades during the festive season, the campaign makes it easier for consumers to bring home Samsung’s latest AI-powered televisions and enjoy an immersive big-screen experience.
The campaign highlights Samsung’s cutting-edge Vision AI innovations, which integrate AI service platforms like Bixby, Perplexity, and Microsoft Copilot to deliver a personalised and intelligent viewing experience. These features are available on the latest Micro RGB, OLED, Neo QLED, Mini LED, and Crystal UHD TVs, bringing the thrill of cinema, sports, and everyday entertainment directly into the living room.
Consumers can enjoy a range of exciting offers on select Samsung Vision AI Big TVs, including free soundbars worth up to INR 102990, free TVs worth up to INR 529990, cashback of up to 20%, zero down payment, and EMIs up to 36 months. Additionally, the campaign provides value-added benefits such as Samsung TV Plus, Samsung Care+, Samsung Finance+, Samsung Sound+, Samsung Art+, and up to seven years of OS upgrades.
The complete Vision AI TV range and the festive offers under ‘My Kerala, My Samsung’ are available at Samsung retail stores across Kerala, leading consumer electronics outlets and on Samsung.com.
18, Aug 2026
AISTS INDIA and Young India Physical Education & Sports University Announce Strategic Academic Partnership to Advance Sports Education in Telangana
MUMBAI, India, Aug. 18, 2026 /PRNewswire/ — AISTS INDIA and Young India Physical Education & Sports University (YIPESU) have entered a strategic academic partnership aimed at strengthening sports education, developing globally benchmarked academic programmes, and building Telangana’s position as a leading destination for international sports education.
The partnership will establish a long-term framework for collaboration between the two institutions, with a focus on jointly offering the Post Graduate Certificate Programme (PGCP) of AISTS INDIA, to create stronger pathways for students through student exchange opportunities, internships, industry exposure and placements, connecting learners with the broader Indian and international sports ecosystem while also exploring the development of internationally benchmarked programmes across sports management and related disciplines.
Through this collaboration, AISTS INDIA and YIPESU will work together on academic programme development, executive and professional education, curriculum enhancement and faculty development, bringing together international expertise and local institutional capabilities to create high-quality learning opportunities for students and professionals in the sports sector.
Expressing happiness at this development, Shri Jayesh Ranjan, Special Chief Secretary, Hyderabad Metropolitan Area & Department of Sports, Govt of Telangana, committed full support to this partnership to ensure that it could benefit a wide cross section of the youth in Telangana.
Speaking on the partnership, Ravneet Gill, Founder, AISTS INDIA, said, “Telangana is a magnet for India’s youth given its vibrant industrial & cultural environment and spirit of enterprise. Not surprising, therefore, that the state Govt is very focused on building a strong sports ecosystem. The founding of the Young India Physical Education & Sports University (YIPESU) is the perfect manifestation of that intent. AISTS INDIA is proud to collaborate with YIPESU to not only strengthen the state’s sports culture but also position it as a hub for world class sports education.”
Dr. Kishore Gopinathan, Vice Chancellor, YIPESU, said, “Through this partnership with AISTS INDIA, we take a decisive step toward a dream we have long held — placing the Indian sports academic system firmly on the global stage. Together, we will build a cycle of excellence that meets the highest international standards, so that our institutions, our coaches, and our athletes are never found wanting when measured against the best in the world. This collaboration enables the university to move decisively toward its goals, with immediate academic pursuits that can begin without delay and are designed to benefit the students of Telangana directly. Through AISTS INDIA’s expertise, our students will gain access to a quality of learning that strengthens the wider sporting ecosystem of the state in a lasting, sustainable way — building the foundation we need as India looks ahead to major sporting milestones in the years to come, including its Commonwealth Games and Olympic ambitions toward 2036.”
With sports in India undergoing rapid professionalisation across leagues, federations, technology, infrastructure, media, sponsorship and governance and India’s bid for the Olympic Games, the partnership seeks to develop talent equipped to lead and manage the next phase of India’s sports growth.
The collaboration between AISTS INDIA and Young India Physical Education & Sports University marks a significant step towards building a globally connected sports education ecosystem in Telangana and further strengthening the state’s ambition to emerge as a leading hub for sports, education and innovation.
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18, Aug 2026
Prodigy Technovations Unveils Industry’s First UFS 5.0 Protocol Exerciser and Analyzer to Power the AI-Driven Storage Era
BENGALURU, India, Aug. 18, 2026 /PRNewswire/ — Prodigy Technovations Pvt. Ltd, a leader in protocol analysis solutions, proudly announces the successful testing and launch of the PGY-UFS5-EX-PA. This groundbreaking tool is the industry’s first UFS 5.0 protocol exerciser and analyzer designed to accelerate the development of next-generation flash memory interfaces required for the burgeoning AI-driven ecosystem.
Supporting MIPI M-PHY® v6.0, MIPI UniPro® v3.0, and the JEDEC UFS 5.0 specification, the PGY-UFS5-EX-PA enables data transfer rates of 46.64Gbps per lane. This massive leap in throughput is critical for the seamless execution of artificial intelligence (AI) workloads, high-speed mobile computing, automotive ADAS, and immersive AR/VR applications.
As AI moves from the cloud to the ‘edge,’ mobile devices and automotive SoCs require unprecedented storage performance to handle complex large language models (LLMs) and real-time data processing. The PGY-UFS5-EX-PA provides design and test engineers with the essential tools to validate UniPro v3.0 and UFS 5.0 designs, ensuring they meet the rigorous reliability and performance standards of the AI era.
“The shift toward on-device AI demands a fundamental change in how data is accessed and moved,” said Godfree Coelho, Founder and CEO of Prodigy Technovations. “Our innovative probing solution and protocol analysis capabilities in the PGY-UFS5-EX-PA address the unique signal acquisition challenges of PAM4 at 46.64Gbps. By overcoming these hurdles, we are empowering SoC and UFS 5.0 vendors to build the high-performance, low-latency storage foundations that AI-driven applications require.”
Prodigy Technovations has been a steadfast Contributor member of the MIPI Alliance, actively participating in the M-PHY and UniPro working groups.
“MIPI Alliance welcomes continued development activity around tools such as the PGY-UFS5-EX-PA that support implementation and validation of M-PHY v6.0 and UniPro v3.0,” said Peter Lefkin, executive director, MIPI Alliance. “These efforts contribute to a healthy ecosystem by helping companies evaluate and adopt these specifications for a range of applications.”
Key features of the PGY-UFS5.0-EX-PA include:
- Support for 46.64Gbps per lane to handle data-intensive AI workloads
- Flexibility to capture very large data using continuous streaming of protocol data
- Real-time protocol decode with error analysis
- Trigger based on M-PHYv6.0, UniProv3.0 and UFS 5.0 layer packet content
- M-PHYv6.0, UniProv3.0 and UFS 5.0 layer protocol decode and analysis
Pricing and Availability
The PGY-UFS5.0-EX-PA is available for order immediately. For evaluation requests or pricing information, please contact contact@prodigytechno.com.
About Prodigy Technovations
Prodigy Technovations provides protocol analysis, decode, and PHY layer testing solutions for technologies including PCIe 5.0, eMMC, SD, SDIO, UHS-II, MIPI I3C, MIPI RFFE, and MIPI SPMI, helping engineers validate complex hardware designs.
Contact:
Godfree Coelho
Godfree.coelho@prodigytechno.com
+91 8042126100
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18, Aug 2026
Resolve 360 Secures Patent for Innovative Rehabilitation Technology Targeting Neuromuscular and Musculoskeletal Disorders
Aug 18: Resolve360 is a physical medicine and rehabilitation company that provides evidence-based, personalized rehabilitation programs for individuals suffering from neuromuscular and musculoskeletal disorders. Resolve360 has been granted an Indian patent for its proprietary rehabilitation methodology, marking a significant milestone in the evolution of physical medicine and rehabilitation. The patented methodology introduces a structured, evidence-based framework for treating neuromuscular and musculoskeletal (NMSK) disorders, covering the entire patient journey from prognosis and personalized protocol creation to treatment delivery, monitoring, and long-term recovery. The patent, titled “System and Method for Prognosis, Protocol Creation, Delivery & Execution for Neuromuscular and Musculoskeletal Disorders,” was granted by the Patent Office, Government of India in July 2026.
The methodology is the outcome of nearly a decade of clinical learning. The concept was first envisioned in 2016, with Resolve360 being founded in 2019 to develop and refine the approach through continuous clinical practice. After years of research, patient feedback, and protocol optimization, the company filed its patent application in 2024, receiving the grant in 2026. During this journey, Resolve360 has treated over thousands of patients and delivered 20+ lakh rehabilitation sessions, helping validate and strengthen the effectiveness of the methodology across a wide range of neuromuscular and musculoskeletal conditions.
Unlike conventional rehabilitation approaches that often focus on temporary pain relief, Resolve360’s methodology is designed to identify not only the primary root cause of a patient’s condition but also the interconnected underlying factors contributing to it. The methodology develops a comprehensive prognosis that addresses both the affected area and related musculoskeletal and neuromuscular regions, enabling a customized treatment pathway tailored to the patient’s overall clinical needs.
Dr. Apoorva Shrivastava, CEO and Founder Resolve360 and Shivam Gupta, Co-Founder, Resolve360
The innovation comes at a time when neuromuscular and musculoskeletal disorders are emerging as one of the fastest-growing health challenges globally. Sedentary lifestyles, prolonged screen time, and technology-driven routines have led to a sharp rise in chronic pain, muscle dysfunction, spinal disorders, ligament injuries, and mobility issues even among younger populations. As these conditions continue to increase, the need for scientifically designed, personalized rehabilitation has never been greater.
While physiotherapy became significantly more accessible through online consultations following the pandemic, rehabilitation practices remain largely fragmented. Many existing approaches continue to rely on generalized exercise plans or symptom-based pain management, often without standardized protocols for diagnosis, treatment execution, adherence, or long-term monitoring. More importantly, rehabilitation is often approached as an afterthought in the continuum of care rather than as a proven, structured treatment methodology in itself. Resolve360’s patented methodology seeks to address this gap by bringing structure, consistency, and clinical rigor to rehabilitation, transforming it from a reactive service into a comprehensive, protocol-driven treatment methodology.
Through its proprietary core clinical process flow and Seamless App, Resolve360 also delivers rehabilitation sessions to patients across geographies, enabling members of the Indian diaspora to access expert-led care remotely. The platform currently serves patients in the United States, the United Kingdom, Australia, the UAE, and other Gulf countries, extending evidence-based rehabilitation to individuals seeking personalized and continuous care regardless of location.
Commenting on the achievement, Dr. Apoorva Shrivastava, CEO Resolve360 and Inventor of the patented methodology, said:
“Every era faces its own health epidemic, and today’s epidemic is neuromuscular and musculoskeletal disorders driven by sedentary lifestyles and technology-centric living. Despite advances in healthcare, rehabilitation continues to lack standardized treatment methodologies that ensure consistent outcomes. This patent represents years of clinical learning brought together into a structured rehabilitation framework that focuses on identifying the root cause, delivering customized physical medicine in the right dosage, and guiding patients through complete recovery rather than temporary pain relief. Our vision is to establish physical medicine as a science-led discipline capable of delivering measurable, long-term outcomes.”
Looking ahead, Resolve360 is also building AI capabilities to support the future of rehabilitation. As the burden of musculoskeletal disorders continues to grow, the company believes that delivering personalized rehabilitation entirely through manual processes will become increasingly challenging. Its AI initiatives are therefore being developed to complement the patented methodology, helping clinicians enhance treatment personalization, monitoring, and clinical decision-making while preserving expert-led patient care.
The company’s growth has also been strengthened through seed funding from Kalaari Capital (investment amount undisclosed), which will support Resolve360’s expansion and its continued investment in research, technology, and innovation to make evidence-based rehabilitation more accessible and scalable.
