Author: Sai Krishna

upGrad Crosses ₹2,000 Cr Gross Revenue in FY26; Grows EBITDA 8X to 123 Cr

MUMBAI, India, Aug. 18, 2026 /PRNewswire/ — upGrad, one of Asia’s largest integrated skilling and lifelong learning majors, reported a decisive step-up in profitability for FY26. Ind-AS EBITDA rose more than eight-fold to INR 123 crore, from INR 15 crore on the same basis in FY25. Net loss narrowed 52% to INR 130 crore – the third consecutive year in which losses have more than halved year on year, down from a peak of INR 1,142 crore in FY23.

The company reported Gross Revenue of INR 2,070 crore (inclusive of taxes), up 7% year-on-year and the post Ind-AS accounting closed at a total income of INR 1,732 crore. upGrad also carries INR 530 crore of collected and yet to be recognised revenue to be recognised in future years. In terms of business scale, the company now has, at any given time – more than 100,000 concurrent learners across its online skilling & degree, study abroad & offline skilling programs and on the B2B business front more than 700 enterprises chose upGrad Enterprise for their employee skilling, recruitment and workforce-development needs in FY26. Underpinning that scale is a wide range of offerings – from university-led undergraduate and postgraduate degrees, MBAs and doctorates to bootcamps, diplomas and professional certificates, delivered both online and offline, spanning disciplines from Technology, Data and AI to Management, Finance and Law.

AI now runs through both what upGrad teaches and how it operates. In the curriculum, AI is embedded across more than 80% of upGrad’s programs and spans every price point, with strong demand across the range. On the operating side, upGrad’s own adoption of AI is making the business structurally more efficient. Both marketing and technology costs came down year-on-year, even as revenue grew.

“FY26 has been a strong year on profitability, built on disciplined execution and right cost management. It’s a result of the strong execution over the last three years, and reflects the profitability discipline that has got us here – one we will carry forward as we scale”, said Mukesh Mundra, Chief Financial Officer, upGrad.

Adding to that, Ronnie Screwvala, Co-founder & Chairperson, upGrad, said, “FY26 has brought us to a strong basecamp – in financial position and in business scale. Over the next few years, our focus is growth – both organic and through acquisitions, including Internshala and Unacademy, which we are now closing. With these, we complete upGrad’s integrated story: serving learners across their entire lifecycle. From this base we intend to compound across India and global markets.”

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/upgrad-crosses-2-000-cr-gross-revenue-in-fy26-grows-ebitda-8x-to-123-cr-302853040.html

Goodyear India Introduces Ultra Grip Tractor Tire

GURUGRAM, India, Aug. 18, 2026 /PRNewswire/ — Goodyear India today announced the launch of its new Ultra Grip tractor tire, designed to meet the everyday demands of Indian farming.

Developed with Indian farmers in mind, the Ultra Grip tractor tire combines dependable traction, durability, and longer service life to help maximize productivity across a wide range of agricultural applications and field conditions.

“Indian farmers need tires they can rely on every day, season after season,” said Arvind Bhandari, Managing Director of Goodyear India. “With Ultra Grip, we are bringing a tractor tire that delivers the grip, durability, and confidence farmers need to perform their work efficiently in diverse agricultural environments.”

The Ultra Grip tractor tire is engineered to provide reliable performance across varied Indian soils and terrains, offering:

• Reliable Grip: A rugged tread design delivers strong traction to help maintain performance, even in challenging field conditions.
• Durable Construction: Built with enhanced puncture protection and a cut-resistant tread compound, Ultra Grip is designed to withstand demanding agricultural operations.
• Enhanced Control: Improved stability and handling help operators maintain better control and confidence while working in the field.

The Ultra Grip tractor tire is now available in 14.9-28 size through Goodyear India’s dealer network across key agricultural markets, with additional sizes expected to be introduced in the future.

* Ultra Grip performance claims are based on tests conducted under standard testing conditions and controlled supervision.

About The Goodyear Tire & Rubber Company

Goodyear (NASDAQ: GT) is one of the world’s largest tire companies. It employs about 63,000 people and manufactures its products in 48 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry. For more information about Goodyear and its products, go to www.goodyear.com/corporate.

About Goodyear India Limited

Goodyear India Limited has had a presence in India for over 104 years. Its manufacturing facility, located in Ballabgarh, Faridabad, produces automotive tires, including farm tires and commercial truck tires. In the farm segment, the Company supplies tires to all major tractor OEMs in India. Additionally, Goodyear India trades in passenger car tires and offers technologically advanced products designed to enhance the driving experience. For more information about Goodyear India and its products, go to www.goodyear.co.in.

Goodyear in India also operates a manufacturing plant in Aurangabad, Maharashtra, where it manufactures consumer tires. Furthermore, Goodyear has established a Technology Centre in Hyderabad to support innovation and development.

CONTACT:

HELEN PEI

+86-18149784088

HELEN_PEI@GOODYEAR.COM 

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/goodyear-india-introduces-ultra-grip-tractor-tire-302853137.html

Aon Announces CFO Transition

–  Nadin Virani appointed Interim CFO

–  Reaffirms full-year 2026 financial guidance

DUBLIN, Aug. 17, 2026 /PRNewswire/ — Aon plc (NYSE: AON), a leading global professional services firm, today announced that Edmund Reese will transition from his role as Executive Vice President and Chief Financial Officer, effective immediately, to pursue opportunities outside the firm. Aon appointed Nadin Virani as Interim CFO, effective immediately, and Reese will serve as senior advisor to Aon President and CEO Greg Case, through August 16, 2027, to support the transition.

“I want to recognize Edmund for his many contributions to our firm,” said Case. “Through consistent execution of our 3×3 Plan and a relentless and disciplined focus on performance, Edmund has helped to enhance our capabilities, accelerate growth and deliver meaningful value for our shareholders.”

“It has been a privilege to serve as CFO of Aon,” said Reese. “I am proud of the significant progress we have made building on the firm’s strong financial foundation, strengthening our growth engine and enhancing our capacity to invest in long-term value creation. With a winning strategy and an experienced financial leadership team in place, Aon is well positioned to continue delivering strong results and creating value for clients, colleagues and shareholders.”

Virani brings deep financial leadership expertise and a wealth of experience in the financial services industry to his new role, having previously served as the firm’s Global Head of Corporate Planning and Analytics with oversight of financial planning and analysis, forecasting processes, cash management and budgeting. Prior to joining Aon, Virani served as Head of Corporate Planning and Analytics at Broadridge Financial and General Manager for the Delta Amex Co-Brand portfolio at American Express, where for 18 years he held a number of CFO positions in London, Frankfurt and New York, supporting areas such as international and U.S. lending, loyalty, insurance and merchant pricing.

“As Global Head of Corporate Planning and Analytics and a member of our Aon Executive Committee, Nadin has played a central role in strengthening our financial performance and developing our strategy to drive sustainable growth across our firm,” said Case. “His financial expertise and proven leadership will be invaluable as we continue to accelerate our Aon United strategy and create better outcomes for clients and shareholders.”

Virani will report to Case and lead Aon’s Finance organization, while working closely with the Aon Executive Committee to ensure continuity and oversight of the firm’s financial strategy. Aon has also engaged a leading executive search firm to conduct a comprehensive internal and external search for a permanent CFO.

“I am honored to serve as Interim CFO of Aon and build on the strong foundation we have established across our Finance organization,” said Virani. “We will remain focused on financial discipline and thoughtful investment in the business as we continue to support Aon’s growth and create long-term shareholder value.”

Consistent with the update provided in its second quarter earnings release on July 29, 2026, Aon reaffirmed its full-year 2026 guidance.

About Aon

Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that help protect and grow their businesses.

Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here.

Media Contact

mediainquiries@aon.com

Toll-free (U.S., Canada and Puerto Rico): +1 833 751 8114

International: +1 312 381 3024

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/aon-announces-cfo-transition-302853076.html

Sonata Software Appoints Hariprasad Rebala as Chief AI Officer

Appointment strengthens Sonata’s AI leadership as the company accelerates its transformation into an AI-native enterprise

BENGALURU, India, Aug. 17, 2026 /PRNewswire/ — Sonata Software (NSE: SONATSOFTW) (BSE: 532221) today announced the appointment of Hariprasad Rebala (Hari) as Chief AI Officer.

In his role, Hari will lead Sonata’s end-to-end AI-led business transformation, shaping and executing the company’s AI strategy across offerings, service delivery, platforms, capabilities, ecosystem, and partnerships. His focus will be on driving AI-led business outcomes and AI-native delivery, helping enterprises translate AI adoption into enterprise velocity and measurable business value.

Hari brings more than three decades of experience spanning IT services, enterprise technology and the startup ecosystem. Most recently, he served as Chief of AI Solutions and Growth at a deep-tech AI startup, and earlier co-founded Forfend, where he helped build IoT and conversational AI platforms. He has also held senior leadership roles at (erstwhile) Mindtree, Capgemini, and Wipro, where he scaled businesses, built industry practices and led large transformation programs, particularly across Banking and Financial Services.

Rajsekhar Datta Roy, Chief Executive Officer, Sonata Software, said:

“Transforming Sonata Software into an AI-native organization is foundational to our growth trajectory. Hari brings a unique combination of AI startup and IT services expertise, with deep context of enterprise-grade AI platforms and engineering, delivering to outcome-based models. His addition to our leadership significantly strengthens our executive team as we rapidly transform to an AI-native organization.”

Hariprasad Rebala, Chief AI Officer, Sonata Software, said:

“AI is rapidly moving from experimentation to becoming fundamental to how enterprises compete, operate and create value. AI alone will not define the winners — the ability to translate AI into enterprise velocity will. Sonata brings together AI engineering and modernization capabilities, deep industry expertise and strategic technology partnerships to help clients make that shift at scale. My focus will be on building differentiated AI capabilities and platforms with our customers and partners, turning AI investments into measurable business outcomes and sustained competitive advantage.”

This appointment is part of Sonata’s broader strategy to embed AI across its engineering, platforms, delivery model and client solutions.

About Sonata Software Limited

Headquartered in Bengaluru, India, Sonata Software Limited is a USD 1.2 billion+ AI-first modernization engineering company with nearly 40 years of expertise rooted in a deep product engineering DNA. Powered by its proprietary Platformation™ framework, the company’s 6,400+ AI engineers support global delivery across the US, UK, India, Malaysia, Mexico, Australia, DACH, and the Nordics. With deep AI partnerships across Microsoft, AWS, Salesforce, and Snowflake, Sonata delivers enterprise velocity, enabling the world’s leading companies in the Retail & Manufacturing (RMD), Tech & Telecom (TMT), Healthcare (HLS), and Financial Services (BFSI) sectors to gain a competitive edge.

For more information, please visit https://www.sonata-software.com/ 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/sonata-software-appoints-hariprasad-rebala-as-chief-ai-officer-302852913.html

Azure Power Global Limited to hold 2026 Annual Meeting on September 30, 2026

GURUGRAM, India, Aug. 17, 2026 /PRNewswire/ — Azure Power Global Limited (the “Company” or “Azure Power Global”), an independent sustainable energy solutions provider and renewable power producer in India, today announced that it will hold its Annual Meeting of shareholders at 11:30 AM (India Standard Time) on September 30, 2026 at its Gurugram office.

The Company will propose at the Annual Meeting (i) to adopt the Audited Financial Statements of the Company for the year ended March 31, 2026, along with the Report of the Board of Directors and the Report of the Auditors (ii) re-appointment of ECOVIS (Mauritius), a member firm of ECOVIS International, as the independent auditor of the Company for the fiscal year ending March 31, 2027, and fix their remuneration (iii) re-election of Mr. Ambuj Agrawal as a director on the Company’s Board of Directors (iv) re-election of Mrs. Kamnee Dhotah-Matabudul as a director on the Company’s Board of Directors (v) re-election of Mr. Jean-Francois Joseph Boisvenu as a director on the Company’s Board of Directors (vi) to adopt a new business plan for the Company (vii) to adopt an amended Constitution for the Company and (viii) to transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof.

Only shareholders on record of the Company’s equity shares on the close of business on August 24, 2026 (Eastern Standard Time) (the “Record Date”) are entitled to receive notice and vote at the Annual Meeting or any adjournment. Shareholders are cordially invited to attend the Annual Meeting or entitled to appoint a proxy to attend and act for and on behalf of them at the meeting or can vote by Internet by following the steps as outlined in the notice of the Annual Meeting.

A notice of the Annual Meeting describing the matters to be considered at the meeting along with the Audited Financial Statements of the Company for the year ended March 31, 2026, along with the Report of the Board of Directors and the Report of the Auditors, New Business Plan and amended Constitution will be available on Azure Power Global website at Azure Power

About Azure Power Global

The Azure Power Group is one of India’s leading utility scale renewable energy project developer and operators. The Azure Power Group builds, owns, and operates large grid-scale renewable energy projects that supply clean energy to India’s power grid. The Azure Power Group developed India’s first utility-scale solar power project in 2009 and has grown to achieve substantial scale in the Indian renewable industry.

For more information about Azure Power Global, visit: Azure Power

Forward-Looking Statements

This press release contains forward-looking statements. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “believes” and similar expressions are used to identify forward-looking statements. These statements are based on current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements in this press release. All forward-looking statements in this press release are based on information available to the Company as of the date hereof, and the Company assumes no obligation to update any forward-looking statements.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/azure-power-global-limited-to-hold-2026-annual-meeting-on-september-30-2026-302852897.html

XPPen Unveils Artist Ultra 14, Bringing Professional Drawing Performance to a More Portable Form Factor

LOS ANGELES, Aug. 17, 2026 /PRNewswire/ — XPPen, a global leader in digital art innovation, today unveiled the Artist Ultra 14, an Ultra Clear True Color Portable Drawing Display featuring a 2.8K OLED display, studio-grade color performance, the advanced X-Touch solution, and an ultra-slim design. Marking XPPen’s 21st anniversary, the Artist Ultra 14 combines flagship-level performance with exceptional portability, empowering creators to bring professional creativity wherever inspiration strikes.

“Creative workflows are becoming increasingly flexible, and creators today need tools that can adapt to the way they work,” said Brian Huang, Marketing Director at XPPen. “The Artist Ultra 14 is designed for professional creators seeking greater mobility without compromising visual quality or creative performance. It gives artists the freedom to create across different environments, expanding the possibilities of professional digital art.”

Professional-Grade Performance for Creative Excellence

The Artist Ultra 14 features a 2.8K OLED display with a True RGB Stripe pixel arrangement, native 10-bit color depth, and 99% Adobe RGB, 99% sRGB, and 99% Display P3 color gamut coverage, delivering exceptional clarity and true-to-life colors. With Delta E < 1 color accuracy and Calman Verified certification, it ensures reliable color precision for illustrations, animations, and other professional creative workflows.

With a 90Hz refresh rate and ultra-fast OLED response time, the Artist Ultra 14 minimizes motion blur and pen latency for smoother pen strokes and fluid playback. A 100,000:1 contrast ratio further enriches visual depth with finer shadow detail and more lifelike images. Its AG nano-etched glass surface helps reduce glare in bright environments, while the hybrid dimming solution minimizes flicker, helping to reduce eye strain during extended creative sessions.

Beyond visual performance, the Artist Ultra 14 provides a natural and intuitive drawing experience with two X3 Pro series styli, each supporting 16K pressure levels and 60° tilt recognition for precise and responsive strokes. XPPen’s X-Touch solution further streamlines interaction with intuitive multi-finger gestures, customizable touch zones, and a floating shortcut menu, allowing creators to navigate and control their canvas with greater efficiency. The new virtual tablet mode lets creators use the stylus to control up to 10 screens with smooth cross-screen operation, making it easy to drag files and move windows seamlessly.

Built around the way creators work, the Artist Ultra 14 features two side buttons preset for the floating menu and virtual tablet interface, while remaining customizable to suit individual workflows. Together with the included ACK05 Shortcut Remote, foldable stand, and pen case, it provides a complete and efficient creative setup.

Ultra-Slim Design for Creative Mobility

At just 6mm thin and weighing only 720g, the Artist Ultra 14 is engineered for effortless portability for creators who work across multiple locations. Its 16:10 display provides more vertical workspace than traditional 16:9 screens, offering additional room for toolbars, timelines, and creative workflows. Combined with a floating etched glass design and an ultra-narrow 14.5mm bezel, the display maximizes every inch of space to deliver an immersive, near-borderless canvas that keeps creators focused on their work.

The slightly curved edges provide a more comfortable wrist-resting position during extended creative sessions, while the aluminum alloy back panel enhances heat dissipation and structural durability. For flexible creative setups, a single full-featured USB-C connection supports power, video, and data transmission through one cable, enabling a clean, clutter-free workspace and quick setup whether at home, in the studio, or on the go.

Price & Availability

The Artist Ultra 14 is available starting August 17, 2026, at a retail price of $699. Pricing and availability may vary by region. For more information, please visit: https://www.xp-pen.com/product/artist-ultra-14.html.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/xppen-unveils-artist-ultra-14-bringing-professional-drawing-performance-to-a-more-portable-form-factor-302846972.html

Uniphore Launches Marketing AI to Usher in New Era: NYSE Content Update

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

NEW YORK, Aug. 17, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on August 17th

• Uniphore Co-founder & CEO Umesh Sachdev to discuss latest offering.
  • Marketing AI is built on customer intelligence rather than customer data management.
  • The company says the solution can predict what each customer is likely to do next.
• The S&P 500 looks to build on a three-week win streak.
  • Retail earnings and Wednesday’s Fed Minutes will headline upcoming activity.
  • According to the latest data, nearly 70% of traders expect the Fed to hold rates steady next month.
• Shares of Reddit (NYSE: RDDT) jumped Friday following inclusion in S&P 500.
  • The platform will be added to the large-cap index ahead of Tuesday’s session.
  • Shares popped by 12.6% on Friday following the announcement.

Opening Bell

Hims & Hers (NYSE: HIMS) celebrates its 5^th anniversary as a listed company

Closing Bell

Snowflake (NYSE: SNOW) celebrates the launch of Cortex AI Gateway

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

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/uniphore-launches-marketing-ai-to-usher-in-new-era-nyse-content-update-302852861.html

Hexaware Helps Enterprises Achieve Infinite Momentum by Removing Friction Across the Estate

Introduces the Zero Friction Enterprise to Close the Gap Between Where Organizations Are and Their North Star

LONDON, Aug. 17, 2026 /PRNewswire/ — Hexaware Technologies (NSE: HEXT), a global provider of IT solutions and services, today introduced the Zero Friction Enterprise, a delivery framework designed to address the operational and technological resistance that slows performance across the enterprise estate.

Friction often builds where it is difficult to see early: in aging code, security exposure, delayed delivery, operational noise, late-surfacing defects, and software dependency. Individually manageable, these constraints can collectively reduce an enterprise’s ability to respond, adapt, and innovate.

The Zero Friction Enterprise unites Hexaware capabilities across modernization, cybersecurity, engineering, operations, quality, and enterprise software. By addressing friction across the estate as one connected system, the framework helps enterprises advance toward their North Star with greater speed, clarity, and control.

“Our vision is to help every customer become a Zero Friction Enterprise,” said R. Srikrishna, CEO & Executive Director, Hexaware. “That begins with understanding each customer closely enough for them to feel like they are our only customer. We can then identify the constraints slowing progress across their business and technology estate and address them with the right combination of AI, expertise, and judgment.”

The Pillars of the Zero Friction Enterprise

• Zero Vulnerability: Zero-trust, identity-first cybersecurity that helps enterprises identify and contain threats earlier
• Zero Tech Debt: Modernization that reduces technical debt and accelerates change
• Zero Backlog: AI-native engineering that moves teams from requirements through build, test, and release
• Zero Defects: AI-led quality engineering that catches issues earlier and reduces rework
• Zero Tickets: AI-led operations that anticipate and resolve incidents before they reach users
• Zero License: Agent-built capability that helps enterprises own more business logic and reduce dependence on per-seat software

Underpinning these pillars is Infinite Trust, a foundational layer spanning data readiness, security, and governance and observability, creating the conditions for AI to operate securely, responsibly, and at enterprise scale.

How Hexaware Delivers Zero Friction

Hexaware’s AI-led, human-intelligence-perfected delivery model is anchored by Zerovity™, its AI delivery layer for governed coordination across the estate. From migration and modernization to agentic software development, AIOps, release, cloud operations, and enterprise workflows, Zerovity™ creates a single pane across areas that often operate in silos.

“AI now gives enterprises a connected view across infrastructure, operations, engineering, service, and business workflows,” said Siddharth Dhar, President & Global Head, Digital IT Operations & AI, Hexaware. “With an agentic cognitive layer on top, clients gain one command center through which intelligence and improvements can be applied across the system.”

The Zero Friction Enterprise gives clients a unified way to address constraints often handled through separate initiatives, helping them focus on core priorities and turn zero friction into infinite momentum.

About Hexaware

Hexaware is a global technology and business process services company. Every day, Hexawarians wake up with a singular purpose: to create smiles through great people and technology. With offices across the world, we empower enterprises worldwide to realize digital transformation at scale and speed by partnering with them to build, transform, run, and optimize their technology and business processes. Learn more about Hexaware at https://hexaware.com.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/hexaware-helps-enterprises-achieve-infinite-momentum-by-removing-friction-across-the-estate-302852820.html

Chandigarh University Hosts National Space Technology Conclave with ISRO; 30 Eminent Space Leaders & Scientists Deliberate on India’s Future Space Missions

Chandigarh University becomes India’s First University to Unveil ‘Declaration on Space Technology for Viksit Bharat 2047′ to Strengthen Universities’ Role in National Space Missions

CHANDIGARH, India, Aug. 17, 2026 /PRNewswire/ — Giving a major thrust to India’s growing space ambitions, Chandigarh University on Monday brought together the country’s leading space scientists, mission leaders, astronaut, industry experts and academia at the National Space Technology Conclave (NSTC) 2026 to deliberate on the emerging technologies and capabilities that will shape India’s next generation of space missions. Organised by Chandigarh University’s Kalpana Chawla Centre for Research in Space Science and Technology (KCC) in collaboration with the Indian Space Research Organisation (ISRO) and the Indian Institute of Space Science and Technology (IIST), two-day conclave features participation of 30 distinguished scientists, mission leaders and technologists from ISRO, IIST, Indian National Space Promotion and Authorization Center (IN-SPACe), NewSpace India Limited (NSIL) and UR Rao Satellite Centre (URSC), along with 10 CEOs and senior leaders from leading Indian space industries and start-ups.

The conclave brought together several eminent figures from India’s space sector, including Dr Vinod Kumar, Director, Promotion Directorate, IN-SPACe who was Chief Guest along with Nilesh M Desai, Former Director Space Applications Centre (SAC), ISRO, Dr YVN Krishnamurthy, Former Scientific Secretary, ISRO, Sanjay Nekkanti, CEO, Dhruva Space, M Venkat Rao, Former Project Director and Advisor to ISRO, Dr Priyadarshanam, Head SSPACE, IIST, Dr Rajeev Jyothi, Director, Technical Directorate, IN-SPACe and Dr Srividya G Scientist – SG URSC among others.

Making a significant first-of-its-kind contribution to India’s university-led space ambitions, Chandigarh University became the first university to unveil the ‘Chandigarh University Declaration on Space Technology for Viksit Bharat 2047’ following extensive deliberations at the conclave.

Speaking on the occasion, Dr Vinod Kumar, Director, Promotion Directorate, IN-SPACe said, “ISRO has done a great job and made India a super space power, developing technologies across applications, launch vehicles and satellite systems. But while we had the technology, we were not self-sufficient and more than 70% of our demand was met through outsourcing. Keeping this in mind, the Government under the leadership of Prime Minister Narendra Modi opened the space sector for private participation in June 2020, with the objective that space technology should reach the last person under the vision of Antyodaya. Since then, we have seen a boom in the private space ecosystem, with 450-plus space start-ups today. The Indian Space Policy 2023 clearly defined the roles of ISRO, IN-SPACe, NSIL and non-government entities, while the national vision is to build a strong, globally competitive and commercially vibrant space sector in the coming years. To support this growth, we have introduced schemes including the Space Seed Fund, the Technology Adoption Fund, the venture capital fund and the Pre-Incubation Entrepreneurship Development Programme, where a young innovator can bring an idea and take it through three phases, ideate, innovate and demonstrate.”

Dr YVN Krishnamurthy, Former Scientific Secretary, ISRO said, “The strength of India’s space programme is not just in launching satellites, but in developing cost-effective solutions, extending satellite life and using space technology for societal benefit. Our Prime Minister’s vision of taking space technology across 86 ministries, opening the sector to private participation and making geospatial data more accessible has created tremendous opportunities for young people, innovators and start-ups. With support and finance available, the need is to think beyond textbooks, create new ideas and build solutions that benefit humanity. The world is looking towards India for future space capabilities, including habitation on the Moon and Mars, so students must think big. Chandigarh University, with the support of ISRO, IIST and the Kalpana Chawla Centre, has the potential to contribute to this national space vision.”

Nilesh M Desai, former Director of Space Applications Centre (SAC), ISRO, said, “With the space reforms started in 2020 after Covid and setting up of Indian National Space Promotion and Authorisation Centre (IN-SPACe) in Ahmedabad in 2022, Prime Minister Narendra Modi wanted that space starts ups should be encouraged and private sector should play more role in the Indian space activities. So this initiative by Chandigarh University’s KCC in collaboration with the ISRO and IIST to organize this two-day will go a long way in promoting space activities among students. It will create a talent pool specially when we are facing lots of problems in getting relevant professionals in various space activities including communication and navigation. It will give impetus to generation of talent pool and help the Indian space sector specially in the private domain.”

Sanjay Nekkanti, CEO, Dhruva Space, said, “India has a billion-plus population, but there are still not many private space companies building full satellites and servicing India’s requirements, let alone the global market. Today, India operates roughly 55 satellites, compared to about 1,000 operated by the US and China, with private companies in these countries operating thousands of satellites. I believe this is going to change in the coming decade, as India moves from servicing its own requirements to servicing global requirements. Gone are the days when people were building one, two, three or five satellites; people are now launching tens, hundreds and thousands of satellites. Chandigarh University must encourage launching of constellation of small satellites that can service some of the social goals of India and also form a national asset backbone in collaboration with IIST with IN-SPACe supporting the effort.”

Prof. (Dr) Eswar Sunkara, Senior Director, Kalpana Chawla Centre Chandigarh University, said, “The Chandigarh University Declaration on Space Technology for Viksit Bharat 2047 will provide a strategic direction for the role universities can play in advancing India’s space ambitions. The Declaration will bring together the perspectives of leading space scientists, institutional leaders and academia to strengthen space technology education, research, innovation, skill development and industry collaboration, while providing a roadmap for universities to contribute more meaningfully to national space missions. Our vision is to establish Chandigarh University as a regional hub for space research, technology and innovation with Kalpana Chawla Centre serving as catalytic force for capacity building in this direction. With the support and guidance of ISRO and other national space institutions, we aim to develop space-ready human resources and build capabilities that contribute to India’s broader vision of becoming a technologically advanced and globally competitive Viksit Bharat by 2047.”

The first day featured expert deliberations, roundtables, technology demonstrations and direct interactions between students and leading space scientists, astronauts and industry experts, focusing on the technological priorities shaping India’s future space missions.

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/

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/chandigarh-university-hosts-national-space-technology-conclave-with-isro-30-eminent-space-leaders–scientists-deliberate-on-indias-future-space-missions-302852832.html

Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.82 Million Tokens, and Total Crypto and Total Cash Holdings of $11.4 Billion

Bitmine owns 4.8% of the total ETH coin supply of 120.7 million

Bitmine is 96% of the way to the ‘Alchemy of 5%’ in just 14 months

In July, ETH outperformed Nasdaq 100 by 2,500 basis points, the largest since July 2025, reflective of the strengthening fundamentals of crypto

Bitmine repurchased 1.7 million shares of common stock in the past week, and has repurchased over 20.8 million shares cumulatively since July 2026 under its previously announced $4 billion share repurchase program

Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026

Bitmine’s Series A Preferred Stock is trading on the NYSE under the symbol BMNP

Bitmine has 5,067,309 staked ETH, representing $9.6 billion at $1,893 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors

Bitmine owns $73 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI

Bitmine Crypto + Total Cash Holdings & Marketable Securities + “Moonshots” total $11.4 billion, including 5.82 million ETH tokens, total cash & marketable securities of $78 million, and other crypto holdings

Bitmine remains supported by a premier group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee to support Bitmine’s goal of acquiring 5% of ETH

NORWALK, Conn., Aug. 17, 2026 /PRNewswire/ — (NYSE: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”) a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash & marketable securities + “moonshots” holdings totaling $11.4 billion.

As of August 16, 2026 at 9:30pm ET, the Company’s crypto holdings are comprised of 5,815,164 ETH at $1,893 per ETH (per Coinbase NASDAQ: COIN), 210 Bitcoin (BTC), $180 million stake in Beast Industries, $73 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash & marketable securities of $78 million. Bitmine’s ETH holdings are 4.8% of the ETH supply (of 120.7 million ETH).

“We are encouraged to see the ETH/BTC ratio at 0.02994 and rising. This ratio has moved above the long-term downtrend in place over the last few years and is a sign, in our view, that markets are beginning to see materialization of tokenization and agentic-AI applications, which should benefit Ethereum,” stated Thomas “Tom” Lee, Chairman of Bitmine. “We expect easing financial conditions to be a tailwind for crypto.”

“This ETH/BTC ratio has moved up during crypto bull cycles, driven by increasing use of Ethereum relative to bitcoin. These prior cycles were fueled by ICOs (2017-2018), NFTs (2020-2021), and stablecoins (2025). In this upcoming crypto cycle, we see the ETH/BTC ratio rising, driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains,” continued Lee.

“We continue to view Bitmine’s common shares as undervalued and the Company repurchased 1.7 million shares during the past week, bringing total common equity repurchases to over 20.8 million common shares since the start of July. This buyback remains the largest ever executed by any Ethereum, Bitcoin or crypto DAT (Digital Asset Treasury),” continued Lee. Since July 1, 2026, Bitmine has repurchased 20.8 million shares of common stock under the previously authorized $4 billion share repurchase program.  

“Over the past week, we acquired 9,926 ETH. Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025 about 14 months ago,” stated Lee.

On July 16, 2026, Bitmine released the latest Chairman’s Message (link here) for July 2026. The title of the Message is “ETH is the cure for the Uncanny Valley of Wealth.”

Earlier in 2026, Bitmine launched MAVAN (the Made in America VAlidator Network), the institutional-grade staking platform. While MAVAN was originally developed to support Bitmine’s own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine’s ETH is already staked on the MAVAN platform.

As of August 16, 2026, Bitmine total staked ETH stands at 5,067,309 ($9.6 billion at $1,893 per ETH). “Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $287 million on an annualized basis (using 2.61% 7-day BMNR yield),” stated Lee.

“Annualized staking revenues are now projected at $250 million. And this 5.1 million ETH is 87% of the 5.82 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.61% (annualized),” continued Lee.

Bitmine’s crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 840,447 BTC valued at approximately $58 billion. Bitmine remains the largest ETH treasury in the world. 

Bitmine management believes the GENIUS Act and the Securities and Exchange Commission’s (SEC) Project Crypto are as transformational to financial services in 2026 as the US action on August 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 55 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.

The Chairman’s message can be found here:

https://www.Bitminetech.io/chairmans-message

The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/ 

To stay informed, please sign up at: https://Bitminetech.io/contact-us/ 

About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR), together with its subsidiaries (“Bitmine” or the “Company”), is a blockchain technology infrastructure company operating across institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. As the world’s leading Ethereum Treasury company, it implements an innovative digital asset strategy for institutional investors and public market participants. The Company provides institutional-grade staking and validation infrastructure—through which it earns staking rewards and validation income—alongside bitcoin mining activities. Bitmine holds digital assets strategically, generating yield on those holdings to support liquidity and capital formation. Since 2025, the Company has expanded its blockchain infrastructure capabilities, including developing and deploying MAVAN, its institutional staking and validation platform. The Company’s activities further include investments in early-stage blockchain opportunities (“moonshot” investments) and ancillary mining, hosting, and consulting services.

For additional details, follow on X:

https://x.com/bitmnr

https://x.com/fundstrat

Forward Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include all statements that are not purely historical and can generally be identified by terms such as “expects,” “projects,” “intends,” “plans,” “believes,” “anticipates,” “estimates,” “forecasts,” “targets,” “goals,” “may,” “will,” “would,” “could,” “should,” “view,” “see,” or similar expressions, or the negative of such terms, or other comparable terminology. This press release specifically contains forward-looking statements regarding, among other things: (i) the Company’s goal of acquiring 5% of the total ETH supply (the “Alchemy of 5%” initiative) and statements regarding its progress toward this goal; (ii) the Company’s digital asset accumulation and treasury strategy, including statements regarding continued weekly ETH acquisitions and the Company’s status as the largest ETH treasury in the world; (iii) the Company’s staking operations, including projected annualized ETH staking rewards of approximately $287 million (assuming Bitmine’s ETH is fully staked by MAVAN and its staking partners at scale), current projected annualized staking revenues of approximately $250 million, and the 7-day yield of 2.61% (annualized); (iv) MAVAN’s intended expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure; (v) the Company’s $4 billion share repurchase program, including statements regarding the execution, size, and potential accretive value of such program; (vi) management’s views regarding the valuation of the Company’s common shares and the characterization of such shares as “undervalued”; (vii) expectations regarding the relationship between ETH performance versus Bitcoin or the Nasdaq 100, including statements that ETH outperformed the Nasdaq 100 by 2,500 basis points in July 2026 as “reflective of the strengthening fundamentals of crypto”; (viii) management’s expectation that easing financial conditions will be “a tailwind for crypto”; (ix) statements and expectations regarding the ETH/BTC ratio, including that markets are “beginning to see materialization of tokenization and agentic-AI applications, which should benefit Ethereum,” and that the ETH/BTC ratio will rise in the upcoming crypto cycle driven by Wall Street tokenization and agentic-AI using blockchains; (x) management’s belief that the GENIUS Act and SEC Project Crypto are “as transformational to financial services” as the end of the Bretton Woods system in 1971; (xi) statements regarding the Company’s investment in Eightco Holdings (NASDAQ: ORBS) as providing indirect exposure to OpenAI; and (xii) the future growth, advancement, and strategic direction of the Company’s Ethereum treasury strategy, blockchain infrastructure capabilities, and MAVAN staking platform.

These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could cause or contribute to such differences include, but are not limited to: the extreme volatility and unpredictability of digital asset prices, including ETH and Bitcoin, and the speculative nature of digital asset investments; changes in market conditions affecting the trading price of the Company’s common stock and Series A Preferred Stock; the Company’s ability to successfully execute its digital asset acquisition strategy and achieve its ETH accumulation targets, including the “Alchemy of 5%” goal; the Company’s ability to finance its business operations, Ethereum treasury operations, MAVAN expansion, and share repurchase activities; operational, security, and technological risks associated with the Company’s staking and validation operations, including network failures, slashing events, cybersecurity breaches, and protocol changes; competition in the digital asset treasury, staking, and mining industries; the Company’s dependence on key personnel, including executive leadership; regulatory developments affecting digital assets, blockchain technology, and staking activities in the United States and globally, including the ultimate enactment, implementation, and interpretation of the GENIUS Act and other pending legislation and regulatory initiatives; actions by the SEC, CFTC, and other regulatory bodies affecting digital assets and related businesses; risks related to the Company’s investments in early-stage blockchain opportunities (“moonshot” investments), including the investment in Eightco Holdings and any indirect exposure to OpenAI; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, labor market conditions, and general economic conditions affecting investor sentiment toward digital assets; the accuracy of management’s expectations regarding the ETH/BTC ratio and the impact of tokenization and agentic-AI applications on Ethereum; the unpredictability of cryptocurrency market cycles and the accuracy of expectations regarding future crypto cycles; changes to the Ethereum protocol, including staking mechanics, validator requirements, and reward structures; risks related to AI systems and their potential impact on cryptocurrency markets and blockchain technology; the performance of third-party service providers, exchanges, custodians, and staking partners; risks related to the concentration of the Company’s assets in digital currencies, particularly Ethereum; and the other risk factors described in the Company’s filings with the SEC.

The forward-looking statements contained in this press release are based on information available to management as of the date of this release and reflect management’s current expectations, estimates, forecasts, projections, views, and beliefs concerning future events and circumstances. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, including those described above and in the Risk Factors section of the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025 filed with the SEC on November 21, 2025, the Company’s Quarterly Reports on Form 10-Q, and the Company’s other filings with the SEC, as amended or updated from time to time. Copies of these filings are available on the SEC’s website at www.sec.gov and on the Company’s website at https://Bitminetech.io/investor-relations/. The Company cautions readers not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. Bitmine expressly disclaims any obligation or undertaking to update, revise, or supplement any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statements are based, except as required by applicable law or regulation.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/bitmine-immersion-technologies-bmnr-announces-eth-holdings-reach-5-82-million-tokens-and-total-crypto-and-total-cash-holdings-of-11-4-billion-302852826.html