Author: Sai Krishna

NPS contribution by Delivery Partners Onboarded on Zomato Crosses ₹1 Crore, as PRAN Enrolments Surpass 2 Lakh

Milestone builds on Zomato’s collaboration with HDFC Pension and PFRDA under the ‘NPS Platform Workers Model’

NEW DELHI, Aug. 18, 2026 /PRNewswire/ — Zomato, India’s food ordering and delivery platform, announced that the National Pension System (NPS) corpus built by the delivery partners onboarded on its delivery platform under the ‘NPS Platform Workers Model’ has crossed ₹1 crore, with enrolments under the scheme surpassing 2 lakh Permanent Retirement Account Numbers (PRANs). The milestone marks a significant step forward from the model’s launch in October 2025, when it was introduced in collaboration with HDFC Pension, India’s largest Corporate NPS Point of Presence and Private sector Pension Fund Manager for the NPS, and enabled by Kfintech, the Central Recordkeeping Agency.

The NPS e-shramik (Platform Service Partner) Model allows delivery partners onboarded on Zomato to build long-term financial security through small, regular contributions, with the flexibility of to retain and carry their benefits and entitlements as they move between livelihoods over time. Onboarding is enabled through the delivery partners’ existing KYC or eKYC, with their consent, at the PRAN generation stage, with additional details submitted subsequently.

Aditya Mangla, CEO, Zomato, said, “Delivery partners are a key part of the Zomato ecosystem and we’ve always aimed to support them beyond their day-to-day earnings, towards a more secure future. Crossing ₹1 crore in NPS contributions is an important milestone, made possible through small, regular contributions from delivery partners themselves. We hope our partnership with HDFC Pension encourages more delivery partners to plan and save for their future, while making long-term savings easier and more accessible.”

Sriram Iyer, MD & CEO, HDFC Pension, noted, “This is a significant milestone, and it truly reflects the collective success of the industry, regulator and corporates coming together for the benefit of a specific customer cohort. The tri-party endeavour started with Zomato’s vision to empower their platform workers with a substantial retirement solution, us pitching with simple on-boarding solution, and PFRDA approving the approach. Today, the solution – The NPS Platform Workers’ Model – is going on to help several other platform workers plan their retirement in a formal and structured manner. I’m happy that we were able to partner with Zomato and deliver a pioneering solution for the benefit of many Indians who are a part of the gig-economy driving India’s growth.”

“Retirement security should not depend on the nature of one’s work. The ₹1 crore contribution milestone under the NPS e-Shramik Model is encouraging because it shows that even small, regular contributions can collectively create a meaningful foundation for the future. The participation of over 2 lakh delivery partners also demonstrates that gig workers are increasingly looking beyond immediate earnings and recognising the importance of building long-term financial security. As India’s workforce becomes more dynamic, creating simple, portable and accessible pathways to retirement savings will be critical to making social security more inclusive. #NPSzarurihai,” said  – Sumit Kumar, Chief General Manager, PFRDA.

Zomato operates on a gig-first model, supporting an average of 6,38,000 independent monthly active delivery partners as of Q1 FY27. The company continues to invest in both industry-first and industry-standard initiatives to enhance the delivery partner experience, including a comprehensive health insurance plan that covers IPD/hospitalization, daycare treatment up to ₹1 lakh, OPD expenses up to ₹5,000, ICU costs, maternity insurance for female delivery partners, and teleconsultations, along with a personal accident cover of up to ₹10 lakh – at no cost to partners. Through the delivery partner app, they have access to 24×7 SOS support in more than 850+ cities, connecting them to ambulances, police assistance, and a dedicated SOS response team, as well as real-time visibility into their earnings, enabling them to track income from orders, incentives, and tips on a daily, weekly, and monthly basis.

HDFC Pension

Established in 2013, HDFC Pension is a licensed Pension Fund Manager appointed by Pension Fund Regulatory & Development Authority (PFRDA) to manage pension corpus of citizens enrolled under the National Pension System. HDFC Pension is a wholly owned subsidiary of HDFC Life, one of India’s leading Life Insurance Companies.

HDFC Pension is licensed both as a Pension Fund Manager (PFM) and as a Point of Presence (PoP) and is managed by seasoned professionals with vast experience in Insurance & Pension Administration, Risk Management, Banking, Capital Market and Asset Management. The company is committed to delivering superior risk-adjusted returns, strictly adhering to the prudent investment norms and guidelines defined by PFRDA. As a PoP, the company aims to provide seamless service to Individuals (under the retail NPS scheme) and Corporate Employees (under the Corporate NPS scheme) by helping them subscribe to NPS and for their ongoing service needs through the life of their investment.

Zomato

Launched in 2010, Zomato’s mission is better food for more people. It is a comprehensive services platform for online ordering and food delivery.

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SPJIMR revamps its PGPDM curriculum and programme to create greater impact in the social sector

MUMBAI, India, Aug. 18, 2026 /PRNewswire/ — India’s social sector is undergoing a profound transformation. Traditional charity-led models are giving way to rights-based development frameworks that are increasingly driven by measurable outcomes, systems thinking, innovation, and cross-sector collaboration. The growing influence of social entrepreneurship, impact investing, ESG frameworks, public-private partnerships, and corporate social responsibility (CSR) mandates is reshaping how social impact is conceived, funded, and delivered.

Recognising these shifts, Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management & Research (SPJIMR) has revamped its Post Graduate Programme in Development Management (PGPDM) and opened applications for Batch 28 commencing in February 2027.

As India’s only development management programme with the international Triple Crown accreditation of AACSB, AMBA, and EQUIS, PGPDM has built a strong legacy of developing leaders who drive meaningful and sustainable change. In May 2026, the programme celebrated the graduation of its Silver Jubilee Batch (Batch 25), marking a significant milestone in its journey. 

PGPDM’s distinctive strength is its diverse cohort. NGO leaders, government officials, UN professionals, social impact consultants and entrepreneurs, and CSR leaders learn together, creating a rich environment for peer learning and cross-sector collaboration.

Professor Tanojkumar Meshram, Chairperson, PGPDM, SPJIMR, believes that the social sector no longer works in isolation. Drawing on his own path, from the Indian civil services to the social sector and academia, Prof. Meshram said, “PGPDM has built a community of passionate and competent social change professionals where practitioners across sectors and thematics don’t just study together; they form the alliances that deepen and/or scale real solutions.”

The revised curriculum strengthens four key pillars: ESG, AI for Development, Social Entrepreneurship and Public Policy. To better support working professionals, the programme has introduced flexible online class schedules and updated evaluation methods. The curriculum also expands its elective offerings, including advanced courses in strategy, data, organisational and financial compliance, reflecting the emerging leadership needs of the social sector.

To further strengthen practice-orientated learning, three new experiential labs focusing on leadership, communication, and professional writing have been introduced, providing participants with opportunities to develop critical managerial and organisational capabilities.

A key addition to the programme is a year-long Social Impact Project that will be undertaken jointly with SPJIMR’s full-time management participants. This interdisciplinary collaboration blends the practical realities of development management with corporate rigour, enabling participants to address complex social challenges through integrated, cross-sector approaches.

The institute is also transitioning to a single annual intake each February, replacing the earlier two-batch model. This will bring together a larger cohort (nearly 100) of development professionals to study and learn on campus, creating greater opportunities for networking, community building, cross-sector collaboration, and most importantly, a stronger platform for sector-wide dialogue and knowledge exchange.

As PGPDM enters its 16th year with Batch 28, its impact is evident in the achievements of its alumni. Graduates have gone on to redesign existing programmes, develop innovative solutions, improve impact measurement within their organisations, establish new social ventures inspired by their learning and peer network, and assume leadership and CXO roles across NGOs, social enterprises, and CSR functions.

As Prof. Meshram puts it, “The programme doesn’t just provide knowledge; it equips professionals with the vision, confidence, and clarity to reimagine development challenges and drive systemic change.”

Admissions for Batch 28 are now open. Eligibility criteria and application details are available on the institute’s website.

For more such news and updates, visit the SPJIMR Newsroom.

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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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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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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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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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Aitech Announces New U-C6850 SOSA-Aligned Rugged High-Speed Ethernet Switch/Router for Defense and Aerospace Systems

CHATSWORTH, Calif., Aug. 18, 2026 /PRNewswire/ — Aitech, a global leader in AI-powered rugged embedded computing and connectivity systems for defense and space applications, today announced the new U-C6850 10/40GbE Fully Managed Ethernet Switch/Router, a SOSA®-aligned, high-speed, flexible and secure Ethernet connectivity solution for military and aerospace systems.

As its first SOSA-aligned Ethernet Switch/Router, Aitech is expanding its portfolio of high-speed connectivity solutions for military and aerospace platforms to support a more modular, interoperable and future-ready approach to defense system design.

“The new SOSA-aligned U-C6850 Ethernet Switch provides the high-speed networking backbone needed to connect compute resources, sensors and communications systems while supporting the Modular Open Systems Approach (MOSA) architectures defense customers need,” said Alex Trigoub, product manager, Aitech. “By enabling seamless integration into open architectures, the U-C6850 helps customers modernize legacy platforms with advanced networking technology, accelerate technology insertion and reduce lifecycle risks associated with proprietary systems.”

The U-C6850 is based on an advanced and flexible Layer2/Layer3 (L2/L3) Ethernet switch and packet processor and offers up to 320 Gbps of total switching capacity, through configurations supporting up to 8x 40GbE or 32x 10GbE Ethernet interfaces, for data-intensive defense applications. By enabling high-speed data exchange across compute, sensors and communications networks, the new U-C6850 enables high-speed, low-latency video and data processing capabilities across modern sensor fusion architectures.

In addition to its networking performance, the U-C6850 supports SWaP-C optimization by delivering high bandwidth and port density with relatively low power consumption, helping defense contractors and system integrators maximize performance while minimizing size, weight, power and lifecycle costs.

The U-C6850 complements the M622 10/40GbE Ethernet Switch/Router on an XMC form factor, giving Aitech customers two available SWaP-C optimized high-speed connectivity form factors depending on the number of required Ethernet ports and the target system architecture: a fully managed Switch/Router on an XMC or a fully managed 3U SOSA-aligned board.

The new rugged Ethernet Switch/Router is designed for military and aerospace platforms that rely on fast, reliable movement of data across distributed mission systems and high-performance computing environments where bandwidth and low latency are crucial. Its SOSA-aligned architecture makes it particularly well suited for technology refresh and modernization initiatives where system integrators need to upgrade networking, sensor processing and mission computing capabilities within existing aircraft, ground vehicles, naval platforms while minimizing redesign efforts.

Key features include:

• Up to 320Gbps total switching capacity
• Configurations supporting 8x 40GbE or 32x10GbE Ethernet interfaces
• Advanced networking capabilities, supporting a full range of Layer2 (Switching) and Layer3 (Routing) standards and protocols
• Fast boot with all features enabled
• Integrated security features
• 3U VPX form factor, aligned with SOSA Technical Standard
• Low power consumption supporting SWaP-C optimization
• Rugged design optimized for military and aerospace systems
• IEEE 1558v2 Precision Time Protocol (PTP) support for accurate network time synchronization

Availability and Technical Details

The U-C6850 is now available for mission development. For more information, visit Aitech’s website.   

About Aitech

Aitech Rugged Group, Inc. (“Aitech”) is the world’s first independent, open-systems COTS/MOTS innovator, offering rugged boards and subsystems that serve as the building blocks for integrated computing and networking solutions. With a portfolio of SOSA-aligned SBCs, high-performance AI-enabled GPGPUs and Ethernet switches, Aitech enables defense customers to build comprehensive, high-performance mission computing architectures from a single trusted supplier.

With more than 40 years of experience in aerospace, defense, and space, Aitech delivers mission-proven, customizable solutions across sea, land, air, and space domains. Customers include Airbus, BAE Systems, Boeing, Hindustan Aeronautics Limited (HAL), Israel Aerospace Industries (IAI), Larsen & Toubro Limited (L&T), Leonardo, Lockheed Martin, NASA, Northrop Grumman, Rafael, and Virgin Galactic.

Aitech is committed to building a better tomorrow with reliable, cost-effective embedded systems engineered for the most demanding missions. For more information, visit www.aitechsystems.com.

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Chandigarh University Student builds AI-Powered Startup ‘Fovea Infotech’; Crosses Rs 50 Lakh Turnover in Less Than a Year of Operations

Startup offering integrated software, AI automation, branding, & digital growth solutions to businesses

CHANDIGARH, India, Aug. 18, 2026 /PRNewswire/ — Turning his Startup idea conceived on Chandigarh University (CU) campus, CU alumnus Abubakar Akhlaq has founded an AI-powered tech company ‘Fovea Infotech’ which is helping businesses improve their efficiency and accelerate growth by offering integrated software, AI automation, branding, and digital growth solutions.

As a student of Computer Science Engineering (CSE) at Chandigarh University, Abubakar Akhlaq envisioned ‘Fovea Infotech’ in 2022 which has rapidly evolved into a full-service technology and digital transformation company serving businesses across multiple sectors, Fovea Infotech’s turnover has crossed Rs 50 lakh in sales in less than one year of its operations.

“The concept of Fovea Infotech was conceived by me during my engineering journey at Chandigarh University. While interacting with startups and local businesses, I realized that many companies struggled with outdated processes, disconnected systems and ineffective digital strategies. I saw an opportunity to bridge the gap between technology and business by offering integrated software, AI automation, branding, and digital growth solutions under one roof with Fovea Infotech,” Abubakar Akhlaq said.

“As a CSE student, I was always passionate about solving business challenges through technology and create real-world impact. I wanted to build solutions that help businesses automate operations, improve customer experiences, and grow faster. Instead of following a traditional career path, I chose entrepreneurship because I believed technology should simplify businesses rather than complicate them,” he added.

On his company’s Unique Selling Proposition (USP), Akhlaq said, “Fovea Infotech addresses the challenge of fragmented digital transformation. Many businesses work with multiple vendors for software, websites, apps, tech systems, marketing, automation, and branding, leading to inefficiencies and increased costs. Our goal is to provide an integrated ecosystem where businesses can access all their technology and digital growth solutions from one trusted partner. Fovea Infotech offers comprehensive technology and digital transformation services including Custom Software Development, Mobile Application Development, AI Automation & RAG-based AI Solutions, CRM & ERP Development, SaaS Product Development, Website Design and Development, Brand Strategy and Digital Branding, Performance Marketing, Social Media Management, Search Engine Optimization (SEO), Cloud & DevOps Solutions, Corporate Identity Design and Digital Transformation Consulting. We primarily serve startups, SMEs, hospitality businesses, healthcare, education, real estate, retail, and manufacturing industries.”

On his future goals, Fovea Infotech CEO and founder said, “Our vision is to become one of India’s leading AI-powered digital transformation companies by building scalable software products and intelligent automation solutions for businesses worldwide. We aim to expand internationally, launch our own SaaS products, strengthen AI capabilities, and help thousands of organizations embrace digital transformation. I founded Fovea Infotech in July 2025 and it’s client portfolio and service offerings have seen consistent growth ever since. We work with clients across various sectors including Real Estate, Hospitality, Healthcare Education, Manufacturing, Retail, Professional Services, Startups, SMEs and B2B tech Vendors. Our solutions are designed to meet the unique operational and digital transformation needs of each industry. In future, , Fovea Infotech will launch proprietary SaaS platforms and expand AI and automation products. Besides serving international clients across the Middle East, Europe, and North America, Fovea Infotech will build strategic technology partnerships, create employment opportunities for young technology professionals and invest in research and innovation in Artificial Intelligence.”

On Chandigarh University’s role in shaping his idea into a startup, Abubakar Akhlaq said, “During my academic journey, Chandigarh University provided valuable support through its innovation-driven environment, industry-oriented curriculum, experienced faculty, practical project opportunities, technical workshops, and entrepreneurial culture. The University’s focus on innovation and skill development gave me the confidence to transform ideas into practical business solutions and prepared me for building a technology company. Chandigarh University helped in developing my technical knowledge and entrepreneurial mindset with hand-on learning environment, interactions with industry leaders and encouragement to think beyond academics to pursue entrepreneurship and innovation.”

Advising aspiring student entrepreneurs at Chandigarh University, Abubakar Akhlaq said, “If you have an idea, don’t wait for the perfect opportunity to come, rather start with the resources you have today. For making impact, focus on solving real-world problems instead of following trends. Learn continuously, embrace failures as lessons, and build something that creates genuine value for people. Entrepreneurship is a journey of persistence, adaptability, and lifelong learning. Believe in your vision, stay consistent, and never stop innovating.”

Congratulating Abubakar Akhlaq on his entrepreneurial journey and extending best wishes for the success of his startup, Deepinder Singh Sandhu, Senior Managing Director, Chandigarh University said, “Chandigarh University’s promotes the culture of creating the jobs by nurturing entrepreneurship skills among students. The industry-collaborated and futuristic program of Chandigarh University are meticulously designed to equip students with the latest industry insights, practical skills, and hands-on experiences, ensuring they are well-prepared to tackle the challenges of the modern business landscape.”

“Chandigarh University encourages its students for innovating new technologies, CU students have created over 250 Start-Ups ever since its inception in 2012. As a Research-Intensive University, Chandigarh University remains focused on research and innovation by fostering an entrepreneurial ecosystem which encourages its students for innovating new technologies and unlock boundless opportunities for growth. Chandigarh University’s Technology Business Incubator (CU-TBI) is mobilising Rs 5 crore to catalyze growth in the startup ecosystem at CU. This initiative brings together key stakeholders from Chandigarh University and venture capital partners to empower innovative startups and foster entrepreneurship,” he added.

About Chandigarh University

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

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

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Blockchain.com Admitted to Nigeria SEC’s Accelerated Regulatory Incubation Programme

Admission advances Blockchain.com’s engagement with Nigerian regulators and reinforces the Company’s broader commitment to operating within clear regulatory frameworks globally

LAGOS, Nigeria, Aug. 18, 2026 /PRNewswire/ — Blockchain.com has been admitted into the Nigerian Securities and Exchange Commission’s (SEC) Accelerated Regulatory Incubation Programme (ARIP), marking an important step in the Company’s long-term commitment to Nigeria and its broader expansion across Africa.

Nigeria is a key market for digital assets in Africa, with growing adoption increasingly playing a practical role in how people access, hold, and move value. Blockchain.com’s admission into ARIP means the Company has satisfied the SEC’s initial requirements to participate in the programme and is authorized to operate within its defined sandbox scope, subject to the Commission’s ongoing compliance obligations, testing parameters, and regulatory conditions.

Through ARIP, Blockchain.com will work directly with the SEC as the Commission evaluates digital asset business models, tests appropriate safeguards, and develops its long-term regulatory framework for the market.

“Nigeria is one of Africa’s most important digital asset markets and participating in the SEC’s ARIP is an important step forward in our long-term commitment to the country,” said Owen Odia, General Manager for Africa at Blockchain.com. “The programme gives us the opportunity to work directly with the SEC in a controlled environment, bring our global experience to the Nigerian market, and help support a framework that protects consumers while enabling responsible innovation. We appreciate the SEC’s proactive approach and look forward to contributing to a safe, transparent, and well-regulated digital asset ecosystem.”

Blockchain.com’s participation in ARIP forms part of a broader global strategy to engage constructively with regulators and operate within established regulatory frameworks. Over the past year, Blockchain.com has secured several major regulatory approvals, including registration with the UK Financial Conduct Authority (FCA), authorization under the European Union’s Markets in Crypto-Assets (MiCA) framework, and a Virtual Asset Service Provider (VASP) licence from the Cayman Islands Monetary Authority (CIMA).

Participation in ARIP provides Blockchain.com with a structured pathway to responsibly expand its presence in Nigeria, a priority market within the Company’s broader Africa strategy.

Established by Nigeria’s SEC, ARIP is a regulatory incubation framework for Virtual Asset Service Providers (VASPs) and fintech innovators, designed to help the Commission assess emerging digital asset models, operational risks, and appropriate investor protection and anti-money laundering standards.

Blockchain.com looks forward to participating in ARIP and working alongside Nigerian regulators to support Nigeria as it continues to develop its digital asset regulatory framework.

About Blockchain.com

Blockchain.com is connecting the world to the future of finance. The most trusted and fastest-growing global crypto company helps millions safely access cryptocurrency. Since its inception in 2011, Blockchain.com has supported over 94 million wallets, 44 million confirmed accounts, and more than $1.1 trillion in crypto transactions. Operating in more than 70 jurisdictions, Blockchain.com offers secure self-custody, institutional services, and a growing product suite aligned with global regulation and privacy standards.

Media Contact: 

Press@blockchain.com

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Vantage Expands Pre-IPO CFD Offering with Unitree Robotics as Interest in Frontier AI Grows

PORT VILA, Vanuatu, Aug. 18, 2026 /PRNewswire/ — Vantage Markets expanded its Pre-IPO CFD offering with the launch of its Unitree Pre-IPO CFD for eligible clients, available from 10 August 2026 under the symbol UNITREEUSD. The launch provides eligible clients with exposure to movements in the applicable reference price of Unitree Robotics, a company operating in the fields of embodied artificial intelligence (AI) and robotics.

The Unitree Pre-IPO CFD is a leveraged derivative product that provides eligible clients with exposure to movements in its applicable reference price, as determined in accordance with Vantage’s applicable pricing methodology and trading terms. It does not provide ownership of Unitree shares, participation in or entitlement to the Unitree IPO or any IPO allocation, voting rights, dividends or other shareholder benefits. Availability is subject to jurisdictional restrictions, client eligibility and applicable trading conditions.

The launch extends Vantage’s existing range of Pre-IPO CFDs linked to OpenAI and Anthropic, reflecting increasing interest in companies operating at the forefront of artificial intelligence and emerging technology.

“As innovation increasingly happens before companies reach public exchanges, investors are paying closer attention to opportunities that sit outside traditional listed markets,” said Marc Despallieres, Chief Executive Officer of Vantage Markets. “The growing interest surrounding companies such as Unitree demonstrates how investor demand is evolving beyond established technology names towards frontier AI and robotics.”

The situation reflects a broader shift across global capital markets. As high-growth technology companies remain private for longer and increasingly choose domestic listing venues, market participants are paying greater attention to businesses shaping the future of artificial intelligence before they become publicly listed.

Some trading platforms have introduced derivative products linked to selected private companies, allowing eligible clients to trade CFDs based on movements in applicable reference prices. Such products do not provide ownership of the underlying companies or participation in their IPOs.

Against this backdrop, Unitree’s IPO represents more than a milestone for a single robotics company. It also illustrates how significant technology innovations can emerge before they become readily accessible through conventional investment channels.

Unitree began book-building on 5 August, with online and offline subscriptions opening on 10 August ahead of settlement on 12 August. The company priced its IPO at RMB150.80 per share, implying a valuation of approximately RMB61 billion at the offering price.

For mainland investors, participation proved highly competitive. At the final offer price of RMB150.80 per share, a standard 500-share subscription lot represented a nominal value of RMB75,400. The offering was more than 8,000 times oversubscribed by retail investors, resulting in a final retail allocation rate of approximately 0.018%.

For investors outside mainland China, direct participation is subject to China’s regulatory framework and applicable investor eligibility requirements. Because Unitree’s IPO is taking place on Shanghai’s STAR Market, offshore retail investors generally cannot subscribe to a mainland STAR Market IPO directly through a conventional overseas brokerage account. For much of the international retail investing community, this makes direct participation in one of the year’s most closely watched AI listings difficult to access.

By expanding its pre-IPO CFD offering to include Unitree alongside OpenAI and Anthropic, Vantage continues to broaden its range of CFD products linked to companies operating in emerging technology sectors. As AI and robotics continue to develop, these companies are attracting increasing attention across global markets.

For further information about Vantage’s Unitree Pre-IPO CFD and applicable trading conditions, visit Vantage Markets.

About Vantage

Vantage Markets is a multi-asset CFD broker offering access to Gold, Forex, Commodities, Indices, Shares, ETFs, and Bonds. With over 17 years of experience, Vantage provides a reliable trading platform, an award-winning mobile app, and a user-friendly trading experience.

Risk Warning: CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trading CFDs may not be suitable for all investors. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Disclaimer: This content is for informational purposes only and does not constitute financial or investment advice. The Unitree Pre-IPO CFD does not provide ownership of Unitree shares, participation in or entitlement to the Unitree IPO or any IPO allocation. Vantage is not affiliated with, sponsored by, endorsed by, or otherwise associated with Unitree Robotics, OpenAI or Anthropic. The names and trademarks of these companies are used for identification purposes only. Availability of products and services described in this release is subject to jurisdictional restrictions and may not be available to residents of certain countries or regions.

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