Author: Sai Krishna

Cambrex Breaks Ground on $120 Million Expansion in Charles City, Iowa

EAST RUTHERFORD, N.J., Oct. 30, 2026 /PRNewswire/ — Cambrex, a leading global contract development and manufacturing organization (CDMO), today marked the groundbreaking of its $120 million expansion at its Charles City, Iowa facility.

The expansion will add 160,000 liters of manufacturing capacity, increasing the site’s total capacity by approximately 25% to nearly one million liters, supporting the development and commercial manufacturing of small molecule active pharmaceutical ingredients (APIs) and synthetic peptides. The project is anticipated to be completed in the fourth quarter of 2028.

Cambrex celebrated the start of construction with a groundbreaking ceremony on October 29, bringing together company leaders, employees, state and local officials and members of the Charles City community. The milestone comes as the Charles City site celebrates its 100th anniversary, marking a century of operations at the facility.

“This groundbreaking marks an important milestone in our continued investment in U.S. manufacturing and in the Charles City site,” said Claudio Russolo, Chief Operating Officer and incoming Chief Executive Officer, Cambrex. “As the site celebrates its 100th anniversary, this expansion reflects both its long history and its continued importance to our future. By expanding commercial-scale capacity for both small molecule and peptide manufacturing, we are strengthening our ability to support customers as their programs advance from development through commercialization.”

The Charles City facility provides development and manufacturing services for small molecule APIs, synthetic peptides and pharmaceutical intermediates, supporting projects from clinical development through commercial-scale production. The expansion builds on the site’s existing infrastructure and technical expertise while providing additional capacity to meet customer demand.

About Cambrex

Cambrex is a leading global contract development and manufacturing organization (CDMO) that provides drug substance development and manufacturing across the entire drug lifecycle, as well as comprehensive analytical services.

With over 45 years of experience and a team of 2,000 experts servicing global clients from North America and Europe, Cambrex offers a range of specialized drug substance technologies and capabilities, including continuous flow, controlled substances, peptide synthesis, solid-state science, biocatalysis, material characterization, complex synthetics, and highly potent APIs.

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Times Internet Unveil 1838 Reserve in Delhi, Bringing Together Indian Art, Heritage and Exceptional Dining

Inspired by the theme ‘India’s Heritage Reimagined’, the exclusive card features original artwork by master artist Krishen Khanna and was unveiled at 18:38 hours at an intimate cultural gathering celebrating Indian art, music and gastronomy.

NEW DELHI, Oct. 30, 2026 /PRNewswire/ — Times Internet, the digital arm of the Times of India Group unveiled 1838 Reserve at Sujagi, New Delhi, bringing together India’s artistic legacy, folk traditions and contemporary culinary excellence. Anchored in the theme India’s Heritage Reimagined, the launch was conceived as a cultural experience that celebrated the country’s inheritance while looking towards the possibilities shaping its future.

The card was ceremonially unveiled at precisely 18:38 hours, a moment that connects its name to the founding year of The Times of India in 1838. The evening unfolded across three chapters—What We Inherit, What We Carry Forward and What We Create—bringing together an open-air gallery of works by Padma Bhushan awardee Krishen Khanna, a performance of The Manganiyar Seduction conceived and directed by acclaimed theatre director Roysten Abel, and an exclusive culinary experience featuring Nisaba by Chef Manish Mehrotra and a five-course dinner curated by Chef Garima Arora.

Designed for founders, investors, creators, industrialists and leaders shaping modern India, 1838 Reserve is envisioned as more than a financial instrument. It represents a distinctive expression of Indian heritage, craftsmanship and contemporary ambition.

At the heart of its design is a bespoke physical motif created in collaboration with Krishen Khanna, the 101-year-old master artist and recipient of the Padma Bhushan and Padma Vibhushan. Inspired by his celebrated Bandwala series, the artwork brings the artist’s distinctive interpretation of India’s people and cultural identity to the card, transforming it into a wearable expression of art.

The unveiling was preceded by an open-air gallery showcasing a curated selection of Khanna’s works. The journey through the artworks culminated in the central installation, where the card was revealed as a work of art rather than through a conventional product launch. The presentation reflected the larger philosophy behind 1838 Reserve: that India’s future is shaped by those who understand its inheritance, reinterpret it for their time and leave something meaningful behind.

The evening’s second chapter celebrated India’s living musical traditions through The Manganiyar Seduction, conceived and directed by Roysten Abel. The internationally acclaimed production brings together more than 40 musicians from Rajasthan’s Manganiyar community, translating a musical heritage passed down through generations into a contemporary theatrical spectacle.

The performance’s distinctive illuminated stage, featuring a four-tiered structure of individual performance pods, progressively came alive with light and sound as the musicians performed instruments including the kamaicha, khartal and dholak. Building from a single Sufi vocalist to a powerful musical crescendo, the production offered an evocative expression of how India’s traditional art forms can be reinterpreted for contemporary audiences without losing their cultural roots.

The evening culminated in a celebration of contemporary Indian gastronomy. Guests experienced culinary creations from Nisaba by Chef Manish Mehrotra, followed by an exclusive five-course sit-down dinner curated by Chef Garima Arora, chef-owner of Gaa, Bangkok, the two-MICHELIN-starred restaurant.

Recognised as the first Indian woman to earn a MICHELIN Star and the first female Indian chef to earn two MICHELIN Stars, Chef Arora brought her distinctive culinary perspective to the gathering. Flying in from Bangkok for the occasion, she presented a menu rooted in Indian flavours and memories, interpreted through a contemporary global culinary language.

Together, the evening’s three chapters brought the philosophy of 1838 Reserve to life—honouring the country’s artistic and cultural inheritance while celebrating the individuals and ideas shaping its next chapter.

1838 Reserve has been designed for a select community of individuals who are actively shaping India’s economic, entrepreneurial and cultural landscape. Key benefits include:

• Personalised travel assistance: Visa application handling at the cardholder’s doorstep and fast-track immigration access at international airport terminals.
• Dedicated lifestyle management: A 24/7 personal lifestyle manager offering concierge assistance, including priority reservations at Michelin-starred restaurants and curation of distinctive experiences.
• Premium lifestyle privileges: Four annual Royal Signature grooming sessions at Truefitt & Hill, complimentary luxury villa stays through Lohono Stays, and select lifestyle gifts from brands such as Marshall, Smeg or Le Creuset.
• Global hospitality and lifestyle status: Privileges across participating programmes, including Accor+ Gold, GHA DISCOVERY Titanium, Harrods Gold and Banyan Tree Voyager.
• Exclusive access: VIP seating for RCB IPL matches and invitations to marquee Times Group leadership forums, including the ET Startup Awards and World Leaders Forum.

Harshita Singh, Business Head, Financial Services, Times Internet, said: “1838 Reserve is a celebration of legacy and craftsmanship, bringing together our heritage along with work of art by Krishen Khanna. It reflects the spirit of everything the Times of India Group has stood for since 1838.”

Krishen Khanna, Padma Bhushan and Padma Vibhushan awardee, added: “Art reflects the aspirations of its era. With 1838 Reserve, my work moves from the canvas into the hands of those actively shaping India’s future. By bringing together brands that are quintessentially Indian at heart, this card puts the very best of India into a single, contemporary expression of our shared journey.”

Avi Kumar, CMO FNP (Ferns n Petals): “Luxury today is about creating experiences that feel distinctive and stay with you. At FNP Luxe, we bring this to life through bespoke décor, considered gifting and artisanal details that make every occasion feel exceptional.

For the unveiling of 1838 Reserve, they chose FNP Luxe for our distinctive approach to luxury—bringing Indian artistry, heritage and contemporary design together in a way that is uniquely ours.”

About Times Internet

Times Internet, the digital arm of The Times of India Group, is India’s largest internet network, reaching over 450 million monthly users across news, sports, fintech, credit cards, loyalty and premium subscriptions in English and a wide range of Indian languages.

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IndoStar Capital Finance Limited: Q2 FY’27 Disbursements ₹1,399 crore up 51% vis-à-vis Q2 FY’26

AUM as at September 30, 2026, stood at ₹8,459 crore

MUMBAI, India, Oct. 30, 2026 /PRNewswire/ — (ICF or IndoStar or the Company), a retail focused, middle-layered non-banking finance company (NBFC) registered with the Reserve Bank of India, announced its financial results for the quarter and half year ended September 30, 2026, earlier today.

IndoStar is focused on secured, high yielding lending across Used Vehicle Finance (VF) and Micro Loans Against Property (M-LAP), targeting the credit needs of underbanked, underserved and income-generating segments across tier 3, 4 & 5 markets.

Operational and Financial Highlights (ICF standalone):

• Disbursements during the quarter increased by 51% YoY to INR 1,399 crore, reflecting strong business momentum across the company’s focus segments.
• Asset Under Management (AUM) grew to INR 8,459 crore as of September 30, 2026, representing a 12% YoY growth.
• Net Interest Income (NII) crossed INR 200 crore, marking growth of 27% YoY (10% QoQ).
• Pre-provision Operating Profit rose to INR 109 crore with a YoY growth of 58%.
• The Company continued to strengthen its funding profile, with its weighted average cost of funds declining to 9.7% in Q2 FY27 from 10.4% in Q2 FY26, an improvement of 70 basis points. Incremental cost of funds in the quarter stood at 9.1%.
• As of September 30, 2026, Gross Stage 3 assets stood at 4.5%, while Net Stage 3 assets were 2.4%.

Progress on strategic initiatives:

IndoStar continued to make progress on its key strategic priorities:

• Prudent Risk Governance:
  • Maintained a disciplined approach to credit risk through comprehensive borrower assessment, selective customer onboarding, and proactive identification of potential stress indicators.
• Portfolio Growth:
  • Vehicle Finance and Micro LAP expanded by 3% and 29% QoQ, respectively, contributing to higher retail loan volumes and reflecting the Company’s emphasis on secured lending segments.
• New to Credit:
  • The portfolio continued to have limited exposure to new-to-credit customers.
• Network Expansion:
  • Expanded the branch network to 475 locations across 24 states and union territories, adding 7 branches during the quarter and scaling the Micro LAP business through the existing Vehicle Finance network, with co-located Micro LAP branches increasing from 125 to 154.

Key Performance Highlights (ICF Standalone):

About IndoStar Capital Finance Limited

IndoStar is a non-banking finance company (NBFC) registered with the Reserve Bank of India classified as a middle-layered NBFC. With Brookfield & Everstone as co-promoters, IndoStar is a professionally managed and institutionally owned entity engaged in providing used and new commercial vehicle financing and providing loans to small business owners.

For more information, visit www.indostarcapital.com.

(BSE: 541336) (NSE: INDOSTAR) (ISIN: INE896L01010) (CIN: L65100MH2009PLC268160)

Safe Harbor

This document is to provide the general background information about the Company’s activities as at the date of the release. The information contained herein is for general information purposes only and based on estimates and should not be considered as a recommendation that any investor should subscribe / purchase the company shares. The Company makes no representation or warranty, express or implied, as to, and does not accept any responsibility or liability with respect to, the fairness, accuracy, completeness or correctness of any information contained herein. This release may include certain forward-looking statements. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. These statements can be recognized by the use of words such as ”expects”, “plans”, ‘will”, “estimates”, “projects”, or other words of similar meaning. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those in such forward-looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. The risks and uncertainties relating to these statements include, but not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth, competition, our ability to manage our international operations, government policies, regulations, etc. The Company does not undertake any obligation to revise or update any forward-looking statement that may be made from time to time by or on behalf of the Company including to reflect actual results, changes in assumptions or changes in factors affecting these statements. Given these risks, uncertainties and other factors, viewers of this release are cautioned not to place undue reliance on these forward-looking statements. This release may contain certain currency exchange rates and the same have been provided only for the convenience of reader.

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Huawei Releases Industry O&M Solutions

 —Agentic AI Redefining the New O&M Paradigm

SHANGHAI, Oct. 30, 2026 /PRNewswire/ — The Industry O&M Session of HUAWEI CONNECT 2026 was held at the Shanghai Expo Center under the theme “Agentic AI Redefining the New O&M Paradigm.” At the event, Huawei released its latest 2026 industry O&M solutions and launched the initiative for developing the O&M Agent Research Report (2026), aiming to accelerate digital and intelligent O&M transformation, foster ecosystem co-construction, and drive high-quality industry development.

MindOps Platform Upgrade and New Industry O&M Solutions

Leveraging digital twins and the domain-specific model, Huawei has built full-cycle O&M capabilities spanning pre-event, in-process, and post-event stages through human–agent collaboration. Four enhanced solutions were introduced to help enterprises strengthen business assurance and boost operational efficiency.

Based on the MindOps platform, Huawei officially released a suite of industry O&M solutions: Smart NOS 5.0, Exclusive Government Service 3.0, Power Specific Service 3.0, and Transportation Specific Service 3.0.

Smart NOS 5.0: Built on the domain-specific O&M model, this solution enhances network emergency repair with risk identification and fault governance agents. Knowledge extraction and service-aware troubleshooting agents autonomously resolve 80% of deterministic faults. The financial fault diagnosis operational room facilitates collaborative consultation, cutting incident rates from hidden risks by 50% and improving cross-domain fault demarcation efficiency by 30%.

Exclusive Government Service 3.0: Designed to tackle e-Government cloud challenges such as limited service awareness, complex cross-layer troubleshooting, and underutilized resources, this solution upgrades AI-assisted integrated O&M capabilities. Intelligent resource query and emergency troubleshooting agents increase resource visibility and fault locating efficiency, while the unified digital resource management platform streamlines approval workflows and duplicate project checks, raising resource usage by 17%.

Power Specific Service 3.0 and Transportation Specific Service 3.0: Fault diagnosis and FME Mate agents are integrated into MindOps. The power solution strengthens risk prevention and intelligent troubleshooting, reducing fault demarcation time from one hour to just 15 minutes. Meanwhile, the transportation solution enhances cross-domain fault analysis to boost O&M efficiency by 40%, while integrated O&M services further improve the availability and operational efficiency of smart highway systems.

Looking ahead, Huawei will remain committed to its customer-centric approach, working closely with industry customers and partners to continuously innovate ICT O&M services, deepen scenario-specific applications, and build a robust ecosystem that underpins digital and intelligent transformation across all sectors.

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Zoomlion Unveils 1,600-Horsepower 9DX Hybrid Tractor for Large-Scale Farming

CHANGSHA, China, Oct. 30, 2026 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”) unveiled its 9DX hybrid tractor at the 2026 China International Agricultural Machinery Exhibition on Oct. 26. With a peak output of 1,600 horsepower, the model is described by the company as the world’s most powerful tractor and is designed for sustained, heavy-duty operations on very large farms. The launch, followed by a global dealer conference, highlighted Zoomlion’s latest progress in agricultural machinery innovation and international partnerships.

The 9DX features a digital chassis, core components and control systems developed in-house. Its high-horsepower hybrid continuously variable transmission technology and 800-volt dual-motor coupling system deliver peak torque of 7,200 newton-meters, supporting demanding field operations with large agricultural implements.

A hydraulic flow rate of 636 liters per minute supports wide seeders, large tillage equipment and variable-rate fertilizer applicators. The tractor uses a four-track drive system with proprietary 762-millimeter-wide tracks to help reduce surface soil compaction. A fully suspended cab with independent suspension provides a smoother ride for the operator.

The 9DX expands Zoomlion’s hybrid agricultural machinery portfolio. At the exhibition, the company also displayed advanced intelligent machinery and implements, alongside precision farming technologies, software platforms and smart hardware, demonstrating how equipment and digital tools can work together in agricultural operations.

Alongside its expanding product range, Zoomlion is strengthening engagement with global partners. On Oct. 28, the company welcomed more than 230 partners from around the world to its 2027 Global Agricultural Machinery Dealer Conference at Zoomlion Smart Industry City in Changsha to discuss agricultural technologies, products and market opportunities.

Speaking at the conference, Zoomlion Chairman and CEO Zhan Chunxin said agricultural machinery is one of the company’s most important strategic businesses. Drawing on its strengths in technology, manufacturing, management and supply chains, Zoomlion provides global markets with equipment and operating solutions covering the full agricultural cycle, from tillage and planting to crop management, harvesting and storage.

During the event, overseas partners visited intelligent factories and agricultural machinery testing laboratories, viewed equipment and autonomous operation demonstrations, and toured production bases in Kaifeng and Changde. Test drives of tractors and rice harvesters provided opportunities for hands-on evaluation and technical exchanges. Partners from more than 20 countries, including Spain, Türkiye, Australia, Brazil and Egypt, signed commercial agreements with Zoomlion, supporting further market cooperation.

Guided by its “High-End, International, and New Energy” strategy, Zoomlion will continue to advance agricultural machinery innovation and international market development. Zhan said the company would build on its strengths to deliver better products, services and support, further develop its industry ecosystem, and work with customers and partners to expand opportunities for growth.

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TAT spotlights Thai wellness as Phuket hosts Global Wellness Summit 2026

Global wellness leaders gather from 10–13 November as TAT co-hosts to present “Healing is the New Luxury”

BANGKOK, Oct. 30, 2026 /PRNewswire/ — The Tourism Authority of Thailand (TAT) will showcase Thai wellness as Phuket prepares to host the Global Wellness Summit (GWS) 2026 from 10–13 November. Organised by the Department of Thai Traditional and Alternative Medicine (DTAM), with TAT, the Thailand Convention and Exhibition Bureau (TCEB) and Phuket Province as co-hosts, the summit will provide an international platform for TAT to present Thailand’s distinctive healing traditions and travel experiences, supporting the country’s ambition to become a “Global Health & Healing Destination”.

Held at Angsana Laguna Phuket under the theme “The Science, Art & Soul of Wellness”, the summit is expected to welcome around 600 Thai and international delegates, including wellness industry leaders, investors, entrepreneurs, academics and medical experts. As host destination, Phuket offers established wellness services, natural surroundings and Thai hospitality, while providing a gateway to experiences nationwide.

Her Majesty Queen Suthida Bajrasudhabimalalakshana is scheduled to preside over the official opening ceremony on 11 November and deliver the opening address. The four-day summit will feature international industry discussions, innovation showcases, networking activities and an exhibition of wellness products, services and tourism experiences.

The programme opens on 10 November with delegate welcome activities and evening receptions. Following the royal opening on 11 November, keynote presentations, plenary sessions, panel and roundtable discussions will examine global wellness developments, complemented by networking opportunities.

On 12 November, highlights include a student-focused “Shark Tank of Wellness” competition, Innovation Lab and Gala Evening. The summit concludes on 13 November with additional industry discussions, innovation showcases and the Global Wellness Summit 2027 host destination announcement.

Ms. Thapanee Kiatphaibool, TAT Governor, said, “The Global Wellness Summit in Phuket gives Thailand a valuable opportunity to share its wellness heritage with international industry leaders. Thai wellness combines traditional healing knowledge, nature, cuisine, culture and the genuine care of Thai hospitality. As a co-host, TAT aims to connect these experiences with international markets, creating opportunities for Thai businesses and communities while positioning Thailand as a destination for meaningful travel and wellbeing.”

TAT’s participation supports its promotion of Thailand’s Health & Wellness tourism through “Healing is the New Luxury”, reflecting growing demand for restorative, meaningful travel. Aligned with its Value over Volume direction, the approach prioritises quality experiences, international service standards and economic benefits for local communities.

At the summit, TAT will present “Thailand Wellness Journey: The Ultimate Healing Sanctuary” through a dedicated exhibition booth showcasing wellness routes across Thailand’s five regions. The display brings together traditional medicine, massage, cuisine, cultural heritage and natural resources to highlight Thailand’s potential for physical and mental restoration.

DTAM will present regional Thai massage traditions, herbal products and food-based wellness, while TCEB will showcase Thailand’s international meetings and events capabilities. The Sustainable Tourism Development Foundation will highlight Phuket’s local crafts and cultural heritage.

Other exhibitors include Amathopia (food innovation), Laguna (spa experiences), and BDMS Wellness Clinic and Chiva-Som (wellness service innovations). The Government Pharmaceutical Organization and research and life-sciences agencies will present healthcare products and related technologies, reflecting the range of Thailand’s wellness industry.

TAT will build international connections beyond the summit by linking Thai wellness operators with overseas partners and developing travel experiences that combine health and healing with gastronomy, culture and community life. This reflects TAT’s “Transform Together” approach under Thailand’s 2027 tourism direction, supporting public-private collaboration, greater local value and the ambition to become “Asia’s No.1 High-Value & Meaningful Destination”.

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ICFAI Business School Opens IBSAT 2026 Slot Booking and Flexible December Test Schedule for MBA/PGPM Admissions

HYDERABAD, India, Oct. 30, 2026 /PRNewswire/ — ICFAI Business School (IBS) has officially opened the slot booking portal for the IBSAT 2026 entrance examination, introducing a candidate-centric test schedule designed to provide candidates with enhanced flexibility. Aspirants applying for the two-year, full-time MBA and PGPM programs (2027–29) across all nine IBS campuses can now select their preferred test dates and time slots for the December examination window.

The IBSAT 2026 exam is an online, remote-proctored entrance test with a syllabus similar to CAT and other national management entrance exams. It comprises 140 questions across four sections—Verbal Ability, Reading Comprehension, Quantitative Aptitude, and Data Adequacy & Data Interpretation—to be completed in 2 hours.

Flexible Test Schedule and Slot Booking

To offer seamless scheduling, IBSAT 2026 will be conducted across eight distinct test dates spread across four consecutive weekends in December 2026: December 5th, 6th, 12th, 13th, 19th, 20th, 26th, and 27th. Candidates can select between two daily exam slots:

• Morning Slot: 11:00 AM
• Afternoon Slot: 3:00 PM

Because seat availability for each test date and time window is limited, applicants are encouraged to complete their slot booking early to secure their preferred schedule.

How to Book Exam Slots

1. Visit the official portal at ibsat.org and login.
2. Click on the Schedule IBSAT option in the left navigation menu.
3. Click on the book slot link
4. Log in using your Application Number and Password (sent via email from ibsat@ibsindia.org).
5. Choose your preferred test date and time slot.

Results and Timeline

Under the updated structure, exam results and scholarship allotments will be announced on December 7th, 14th, 21st, and 28th, immediately following each test weekend. This rolling declaration provides candidates with quick outcome clarity and sufficient lead time to arrange travel and logistics for the centralized selection process, scheduled for February 2027 at IBS Hyderabad. Specific dates will be communicated directly to the candidates.

National Mock Tests and Rewards

To assist candidates in their preparation, ICFAI Business School (IBS) is offering free online mock tests on ibsat.org. Two national mock test windows remain open on November 21st and December 9th. Over 5,000 aspirants have participated in previous sessions. The top 100 rankers in the national mock tests will be awarded performance cash prizes:

• 1st Prize: ₹2,00,000
• 2nd Prize: ₹1,00,000
• 3rd Prize: ₹50,000
• 4th to 100th Rankers: ₹5,000 each

Selection Briefings & Alternate Entrance Scores

In January 2027, ICFAI Business School (IBS) will host selection briefings across major cities nationwide. Dates and venues will be communicated directly to candidates, providing them an opportunity to interact with senior faculty members and alumni.

Candidates planning to submit CAT, XAT, NMAT by GMAC™, or GMAT™ scores are also strongly advised to submit their applications early. Applying early allows candidates to complete their profile registration and receive invitations to the local selection briefings ahead of their official scorecard releases. Throughout the application cycle, designated IBS Information Officers remain available to assist applicants by conducting mock interview rounds.

About IBS Hyderabad

ICFAI Business School (IBS), Hyderabad is a constituent of the ICFAI Foundation for Higher Education. Offering an AACSB-accredited, two-year, full-time MBA program, ICFAI Business School (IBS) combines case-based learning with rigorous corporate exposure. It is ranked 21st by Business Today (2026), 46th in the NIRF rankings (2025), and 3rd globally in the Case Impact Index (2025). Campus placement reports for the Class of 2026 are accessible online at ibsindia.org, while real-time placement updates for the Class of 2027 will be shared during the upcoming selection process. 

Contact:

Office: IBS Admission Office, Plot No. 65,

Nagarjuna Hills, Punjagutta,

Hyderabad – 500082

Toll-Free: 1800 425 55 66 77

Phone: 040 – 23440963

Email: ibsat@ibsindia.org

Websites: ibsat.org | ibsindia.org

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Hon Hai Technology Group (Foxconn) Unveils 3 Distinctive EV Models At HHTD26

• MODEL A+ expands B2B product portfolios in fastest-growing B-segment SUV
• MODEL K+ SUV playful styling gives nostalgic touches of Japan with neo city pop
• MODEL K taps into kei-class trucks with design language of MODEL T
• Flexing CDMS strength to accelerate electromobility for automotive clients

TAIPEI, Oct. 30, 2026 /PRNewswire/ — Hon Hai Technology Group (Foxconn) (TWSE: 2317) on Friday flexed its contract design and manufacturing service (CDMS) strength for automotive clients by unveiling three new reference electric vehicles aimed at under-penetrated markets, while offering cost competitive options and flexible design platforms. 

Two eye-catching SUVs, the MODEL A+ and MODEL K+, alongside the MODEL K compact truck, extend Foxconn’s electromobility progress into the kei-class trucks popular in Japan and brings the Group’s EV range to a total of 12 reference models.

“The new reference EVs join Foxconn’s emerging ecosystem in electromobility that is accelerating time-to-market, time-to-cost and time-to-technology for our customers and partners,” said Jun Seki, Foxconn Chief Strategy Officer for EV.

All three new models were on display at Hon Hai Tech Day 2026 (HHTD26), the flagship annual technology conference of the world’s largest electronics manufacturer and the world premiere stage for the Group’s B2B electric vehicles. On the exhibition floor in Taipei, Foxconn’s electromobility ecosystem included demos of full stack, made in Taiwan battery developments from materials to cells and packs to BMS; E/E architecture; and powertrains for E2W and E3W.

Among EVs on display, a right-hand drive MODEL B gave attendees a chance to check out the result of CDMS collaboration, while onstage, Honda R&D and Mitsubishi Electric Mobility discussed, in separate remarks, their electromobility developments with Foxconn.

MODEL A+

An expressive luxury style yet authentic SUV for affluent drivers, the MODEL A+ is a deliberate move to expand B2B product portfolios in the fastest-growing B-segment SUV. With In-Wheel Motor technology and selectable EEA, a wild exterior design but ultimate space interior addresses flood capability emergencies, temporary living space and backup power for glamping and camping electromobility lifestyles.

MODEL K+

This is an expressive yet affordable SUV designed for active youth. Playful styling with nostalgic touches recall Japan’s city pop music era of the ’70s and ’80s, but with a neo city pop take for the modern day. The highly distinctive lifestyle SUV for a niche market targets B2B looking to develop their own brand’s lifestyle SUV EV, as well as OEMs looking to offer affordable yet distinctive vehicles for younger customers. With In-Wheel Motor technology, the MODEL K+ offers personalization of exterior, interior, driving range, and EEA for purpose-built capability at a competitive price.

MODEL K

This is a functional yet futuristic truck for forward-thinking business owners. Aimed at the specialized commercial kei truck class, the MODEL K finds use as last-mile and mobility service applications. Its alignment to support compliance to environmental regulations makes it attractive for decarbonization-focused entrepreneurs, municipalities, and government agencies while offering lower total cost of ownership (TCO) through reduced energy and maintenance costs. A functional beauty, inspired by the design language of Foxconn’s award-winning MODEL T electric bus, the canopy-ready MODEL K conceptualizes a lower bed height and longer bed length.

Other reference EV models to-date:

• MODEL T large bus
• MODEL C passenger SUV
• MODEL E luxury sedan
• MODEL B crossover SUV
• MODEL V truck
• MODEL N cargo van
• MODEL D LMUV
• MODEL U midi-bus
• MODEL A modular B-segment

About Foxconn here.

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Star Health reports Normalised PAT of ₹390 Crores in Q2 FY27, up 70% YoY, fifth successive quarter of underwriting profit improvement

CHENNAI, India, Oct. 29, 2026 /PRNewswire/ — Star Health and Allied Insurance Company Limited (“Star Health”), India’s largest standalone health insurer, today announced its financial results for the quarter and half-year ended September 30, 2026. The company’s Normalised Profit After Tax increased 70% YoY and stands at ₹390 Crores in Q2 FY27. Underwriting Profit swung positively from a loss of ₹40 Crores in Q2 FY26 to a profit of ₹99 Crores in Q2 FY27.

The Company’s Underwriting Profit for H1 FY27 swung positively from a loss of ₹24 Crores in H1 FY26 to a profit of ₹210 Crores in H1 FY27. Underwriting Profit for H1 FY27 exceeded FY26 full year underwriting profit of ₹198 Crores.

Performance highlights for Q2 FY27

Business Performance

• GWP (Reported 1/N basis) increased 19% YoY to ₹5,275 Crores
• Retail Health fresh GWP (Reported 1/N basis) increased 35% YoY

Financial Performance

• Underwriting Profit: ₹99 Crores compared to a loss of ₹40 Crores in Q2 FY26
• Normalised Profit After Tax: ₹390 Crores (70% YoY Growth | Q2 FY26: ₹229 Crores)
• Profit After Tax (PAT): ₹265 Crores (233% YoY growth | Q2 FY26: ₹80 Crores)
• Combined Insurance Service Ratio (CISR): 98.0% (improvement of 2.9% over 100.9% in Q2 FY26)

Performance highlights for H1 FY27

Business Performance

• GWP (Reported 1/N basis) increased 19% YoY to ₹9,562 Crores
• Retail Health fresh GWP (Reported 1/N basis) increased 36% YoY

Financial Performance

• Underwriting Profit: ₹210 Crores compared to a loss of ₹24 Crores in H1 FY26
• Normalised Profit After Tax: ₹775 Crores (56% YoY Growth | H1 FY26: ₹496 Crores)
• Profit After Tax (PAT): ₹815 Crores (57% YoY growth | H1 FY26: ₹518 Crores)
• Combined Insurance Service Ratio (CISR): 97.9% (improvement of 2.4% over 100.3% in H1 FY26)

The Company tracks profitability through its ‘Normalised PAT’ framework, which is pegged to a normalised annual investment yield of 8% to provide a view of underlying profitability insulated from short-term mark-to-market volatility. Normalised PAT for Q2 FY27 increased 70% YoY to ₹390 Crores and increased 56% YoY to ₹775 Crores for H1 FY27.

Claims Excellence & Customer Trust

• Star Health settled 22.5 lakh claims during H1 FY27
• Retail Claims Settlement Ratio improved by 1.4% to 92.4% for H1 FY27
• Persistency improved by 4% YoY to 102%
• Company Net Promoter Score (NPS) increased by 4 points to 65

The Company continued to strengthen its claims ecosystem through AI/ML-enabled analytics, network management, wellness interventions, teleconsultation and technology-led claims processing, with the objective of improving precision, efficiency and customer experience.

Digital First approach

Digital remained a key lever for both growth and efficiency during the quarter. The Company’s proprietary Digital D2C channel was the fastest-growing channel with 137% YoY growth in H1 FY27, led by younger customers, higher sum-insured levels and increased participation beyond Metro cities.

97% of fresh policies were sourced digitally, reflecting the depth of digital adoption across the Company’s retail distribution franchise.

During the quarter, the Company upgraded its customer relationship management platform to Salesforce, sharpening lead management and conversion in D2C, and scaled up AI-powered bots across customer acquisition and service. More than half of active agents now use ATOM PRO, the Company’s AI-enabled distribution platform. The Star Health Customer App exceeded 17 million downloads, with 1.5 million monthly active users. In claims, 96% of claims are now processed on the Company’s new AI-enabled platform, with strengthened detection of fraud, waste and abuse.

Distribution Strength

Star Health’s proprietary distribution continued to drive growth, with Agency and Digital D2C together contributing over 90% of GWP in H1 FY27. The Company added 39,000 agents during the half year, taking its agency force to 8.7 lakh, the largest among standalone health insurers, while agent productivity rose 19% YoY. 93% of fresh business came from customers buying health insurance for the first time, and non-metro geographies contributed over 65% of fresh business.

CEO Commentary                  

Commenting on the performance of the Company, Mr. Anand Roy, CEO & Managing Director, Star Health and Allied Insurance Company Limited, said:

“Our customers are at the heart of how we measure progress. This progress is reflected not only in our financial growth, but also in the confidence customers place in us and their experience when they need healthcare support. Persistency improved by 4% YoY to 102%, while our Company Net Promoter Score increased by 4 points to 65. These measures reinforce our focus on earning customer trust through simpler service, responsive support and a smoother claims experience. We are strengthening provider relationships and expanding wellness initiatives to support customers beyond claims, while investing in AI and digital capabilities to make access and service more seamless. Q2 FY27 marked our fifth successive quarter of improvement in underwriting results, and our first-half underwriting profit exceeded that of the entire previous year. This progress supports our commitment to building a resilient business that delivers lasting value for customers and shareholders.”

About Star Health and Allied Insurance: Star Health and Allied Insurance Company Limited (NSE: STARHEALTH) (BSE: 543412), one of India’s leading standalone health insurance companies, commenced operations in 2006 as India’s first standalone health insurance company. Star Health provides Health, Personal Accident and Travel Insurance to its customers. The Company has grown to emerge as one of the preferred health insurance companies in India with several pioneering products and services to its credit. With customer-centricity at its core, the Company has developed superior and innovative product offerings, service capabilities and a seamless claims management process. Star Health offers tailor-made products to cater to needs such as cancer, diabetes and cardiac illnesses, as well as specific segments such as senior citizens, women and children. Star Health is India’s first health insurance company to settle over 1 crore claims.

Star Health and Allied Insurance Co. Ltd. has a strong multi-channel distribution network of 900+ offices, 8.7 lakh agents and robust bancassurance and financial institution partners. The Company has 17,000+ network hospitals and 18,500+ employees.

Talk to Star: helping policyholders plan care with confidence: Star Health offers guided support through 7200 222 333 for eligible policyholders seeking Home Healthcare or planned hospitalisation assistance. Customers can call the number and press 1 for Home Healthcare or press 2 for planned hospitalisation. The service helps customers understand coverage, network hospital options, the cashless process, required documents and care pathways before admission or home-based treatment. Non-policyholders can access free 24/7 Virtual OPD consultations through the Star Health Customer app.

For more information visit www.starhealth.in    

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Landis+Gyr Announces Second Quarter and First Half FY 2026 Financial Results

CHAM, Switzerland, Oct. 29, 2026 /PRNewswire/ — Landis+Gyr Group AG (SIX: LAND), a global energy technology leader driving intelligent innovation across the grid, today announced unaudited financial results for its second quarter and the first half FY 2026 ended September 30, 2026.

Q2 FY 2026

• Net revenue of $269.2 million with a record adjusted gross margin* of 38.0% and an order intake of $170.3 million achieved in the quarter

First Half FY 2026

• Order intake of $337.3 million, representing a book-to-bill ratio of 0.7x, with a backlog of $3.7 billion
• Major contract award post H1 close in October resulting in $509 million order intake
• Net revenue of $501.4 million, a decrease of 6.3% year-over-year, driven by project transition timing
• Adjusted gross profit* increased 4.0% to $189.2 million, with gross margin expanding 370 basis points to 37.7%
• Adjusted EBITDA* grew 3.5% to $73.9 million, corresponding to a margin of 14.7%, up 140 basis points
• Income from continuing operations of $51.1 million or $1.84 per share (diluted), an increase of 268%
• Operating Cash Flow of $74.0 million with continued focus on working capital management

Strategic Initiatives and Outlook

• Completed in October the return of $175 million to shareholders through share repurchases as announced with the EMEA divestment
• Continued progress toward a U.S. listing while retaining the Swiss listing
• Updated FY 2026 guidance: narrowing the net revenue range to between $1,085 and $1,115 million while raising adjusted EBITDA margin to between 15.0% and 16.0%

“Our first half FY2026 top-line performance was in line with expectations and reflected the timing of transition between two major customer deployments, while our continued focus on operational excellence resulted in a record adjusted gross margin in the second quarter,” said Peter Mainz, Chief Executive Officer of Landis+Gyr. “We continue to execute on our strategic trans-formation and returned the proceeds from the EMEA divestment to our shareholders as prom-ised. In recent months we also made further progress in our preparations toward a U.S. listing.”

Davinder Athwal, Chief Financial Officer of Landis+Gyr, commented: “We expect a strong second half of FY 2026, supported by the ramp-up of new customer deployments and continued improvements in profitability, as reflected in our increased adjusted EBITDA margin guidance of 15% to 16%.”

Read the full ad hoc announcement here.

* For a reconciliation of non-GAAP measures, see chapter “Supplemental Reconciliations and Definitions (unaudited)” in this ad hoc announcement.

About Landis+Gyr

Landis+Gyr is a global energy technology leader, delivering intelligent solutions that connect devices, data, and decisions across the grid. Trusted by more than 2,000 utilities worldwide, we transform traditional devices into intelligent, networked sensors, giving utilities real-time grid visibility and system control. With these combined insights, electric, gas, and water companies can anticipate demand, optimize operations, and deliver energy that’s more reliable, resilient, accessible, safe, and sustainable for everyone. For more information, please visit our website www.landisgyr.com.

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