14, Aug 2026
SEBI Eyes Wider Accredited Investor Pool With ₹5 Crore Securities Threshold

Mumbai, August 14, 2026: The Securities and Exchange Board of India (SEBI) has proposed a new framework that could make it easier for financially sophisticated investors to qualify as accredited investors, with securities-market holdings emerging as an alternative eligibility criterion.

Under the proposal, an individual with ₹5 crore or more in securities assets could qualify for accredited investor status through this route. SEBI has also suggested a ₹20 crore securities-asset threshold for eligible body corporates and trusts, excluding family trusts.

The proposed changes are aimed at expanding the pool of investors who can participate in products and investment opportunities designed for accredited investors, including certain alternative investment structures. The regulator estimates that the new securities-assets route could potentially bring around 3.7 lakh additional investors into the eligible pool.

SEBI is also looking at making the accreditation process more streamlined. Under the proposed framework, investment managers could be permitted to assess and record an investor’s accredited status as part of the onboarding process.

The move reflects SEBI’s broader effort to make India’s investment ecosystem more accessible to investors with substantial market exposure, while maintaining eligibility standards based on financial capacity and sophistication. The proposals are subject to the regulatory consultation and final approval process.

14, Aug 2026
Rackspace Technology Appoints Chetan Gupta, Ph.D., as Chief AI Officer to Advance Enterprise and Sovereign AI

San Antonio, TX — Aug 14 — Rackspace Technology® (NASDAQ: RXT), a global enterprise AI infrastructure and solutions provider, today announced the appointment of Chetan Gupta, Ph.D., as Chief AI Officer. Gupta will lead the Office of AI, with responsibility for Rackspace’s AI strategy, research, innovation, governance, and adoption across the company and its customers. His appointment strengthens Rackspace’s ability to help institutions deploy AI safely, economically, and at scale in environments where the stakes are highest: regulated industries, sovereign jurisdictions, and mission-critical operations.

Gupta joins Rackspace after nearly a decade leading global AI research at Hitachi, where he served as General Manager of the Advanced AI Center in Japan, Vice President of the Industrial AI Lab in North America, and head of Hitachi’s Global AI Center of Excellence. His work was instrumental in Hitachi’s evolution toward Physical AI, building systems for railways, energy grids, factories, and buildings, environments where AI must operate under institutional accountability, jurisdictional requirements, and zero tolerance for failure. Earlier in his career, he spent seven years at HP Labs translating advanced AI research into deployed solutions across logistics, manufacturing, energy, and mobility. He has authored nearly 300 papers and patents and mentored a generation of AI researchers and engineers.

“Chetan has spent his career building AI for the institutions the world depends on. At Hitachi, that meant trains, grids, and factories, where AI is not a demo, but an operating commitment measured in uptime, safety, and trust,” said Gajen Kandiah, CEO of Rackspace Technology. “That is precisely the discipline our customers need as they move AI into production inside regulated and sovereign environments. Chetan understands that success depends on more than model capability. It requires strategy, governance, and an operator who carries accountability from silicon to outcomes.”

Gupta’s appointment reflects Rackspace’s continued investment in enabling institutions to turn AI ambition into governed, measurable business outcomes and reinforces the company’s position as the place where enterprise AI goes to production.

“AI has reached an inflection point. The hard problem is no longer capability. It is trust: taking promising research and turning it into systems that hold up in the real world, under real regulatory and operational constraints,” said Gupta. “Rackspace occupies a distinct position in the market, operating the full stack for institutions that cannot afford to get AI wrong. I look forward to leading our AI strategy and advancing enterprise and sovereign AI for our customers and across the business.”

Gupta holds a Ph.D. in mathematics and master’s degrees in mathematical computer science and chemical engineering from the University of Illinois Chicago.

 

14, Aug 2026
BIX 2026 to Spotlight the Future of Stem Cell and Global Biopharma M&A
 
SEOUL, South Korea | Aug 14— BIOPLUS-INTERPHEX KOREA 2026 (BIX 2026), Korea’s leading bio and pharmaceutical convention, hosted by Korea Biotechnology Industry Organization (KoreaBIO) and organized by RX, has announced this year’s conference keynote speakers and opened registration. 
 
BIX is a business platform that brings together companies, research institutions, and investors from Korea and abroad to explore collaboration opportunities. BIX 2026 will feature a range of programs, including a specialized conference covering the latest developments in biotechnology, market trends, and investment and business development strategies, as well as exhibitions, partnering programs, and business networking events. 
 
This year’s keynote sessions will focus on the future of research and treatment for nervous system diseases using stem cells and the current M&A trends in the global pharmaceutical and biotech industries, respectively. 
 
Temple, who will deliver the opening-day keynote on October 28, is Co-founder and Scientific Director of the Neural Stem Cell Institute (NSCI) and Co-founder and Chief Scientific Officer (CSO) of Luxa Biotechnology LLC. She is a world-renowned researcher in the fields of stem cells and neuroscience, having served as President of the International Society for Stem Cell Research (ISSCR) and been elected to the National Academy of Medicine. 
 
In her keynote, “Human Stem Cells: Transforming the Fight Against Nervous System Disease”, she will explore how human stem cell technologies are transforming the way nervous system diseases are studied and treated. The session will cover applications ranging from disease modeling and drug discovery to cell therapy, highlighting the translation of stem cell research into therapeutic development. 
 
On October 29, Stuart Cable, Global Head of Mergers & Acquisitions and Vice Chair at Goodwin, will take the stage as the second keynote speaker. Cable is a biopharmaceutical M&A expert who advises pharmaceutical and biotechnology companies on mergers and acquisitions, corporate governance, and capital markets. He has participated in numerous global biotech M&A transactions, including Sanofi’s acquisition of Blueprint Medicines, Merck’s acquisition of SpringWorks Therapeutics, and AstraZeneca’s acquisition of Fusion Pharmaceuticals. 
 
He will examine “Current Trends in Biopharma M&A”, the acquisition of innovative biotech companies by big pharma and mid-sized pharmaceutical companies. The session will cover key aspects of the current M&A landscape, including deal flow, deal size and structure, executive compensation, material adverse effects (MAE), public versus private targets, and regulatory considerations.  
 
In addition to these two keynote sessions, BIX 2026 will feature a variety of specialized sessions covering technological and market developments in the bioindustry. Industry leaders from biotech and pharmaceutical companies, research institutions, and investment firms will participate to share the latest R&D trends, strategies for global market entry, investment, technology commercialization, and business development. 
 
Pre-registration for BIX 2026 is open through August 31. Discounts on passes are available for those who register during the early-bird period. 
14, Aug 2026
Project Serotonin Unveils Ready-to-Deploy Preventive Healthcare Platform for Hospitals and Clinics

Bengaluru, Karnataka Aug 14: Project Serotonin (www.projectserotonin.com) announced the launch of its tenth-generation Preventive Health Platform and Precision Health OS, at the recently concluded RISE for Healthy Aging, the Longevity India Conference held at the Indian Institute of Science (IISc), Bengaluru. The Platform is designed to enable large hospitals, multispecialty hospitals, clinic networks, and longevity centers to deliver continuous, personalized preventive care by integrating fragmented health information into actionable precision interventions and measurable outcomes.

Preventive Health Platform & Precision Health OS

Project Serotonin’s Preventive Health Platform offers modular, ready-to-deploy infrastructure to operationalize preventive care at scale. It creates a connective layer that brings diagnostics, genomics, blood biomarkers, wearable data, clinical records, and practitioner insight into one model of care. It helps healthcare institutions move beyond isolated interventions toward a coordinated approach that supports individuals before disease progresses rather than after its onset.

The Platform has been designed to complement existing healthcare infrastructure, not compete with it. Hospitals and clinics continue to practice medicine through their established clinical pathways, while Project Serotonin adds a structured prevention layer supporting risk stratification, protocol design, patient engagement, monitoring, and behavior change, without asking clinicians to change how they practice or hospitals to trade treatment revenue for prevention.

The need for change has become increasingly evident. According to the World Health Organization, non-communicable diseases account for nearly 75 percent of all deaths globally. In India, where non-communicable diseases often present three to ten years earlier than in developed nations and multimorbidity has increased dramatically over the past three decades, a recent EY–FICCI assessment concluded that appropriate preventive interventions could reduce hospitalizations by 20 to 30 percent.

Advances in genomics, blood biomarkers, imaging, wearable technologies, and artificial intelligence have significantly expanded the volume and diversity of health information available to clinicians. Yet most healthcare institutions continue to use these datasets in isolation, limiting their ability to build a longitudinal understanding of an individual’s health and leaving preventive care fragmented and difficult to scale.

At the core of the Platform is Project Serotonin’s proprietary Precision Health OS, an orchestration engine that evaluates each individual’s genetic predispositions, biomarker trajectories, wearable trends, lifestyle patterns, pharmacogenetic considerations, and clinical history as one unified health profile. The Precision Health OS incorporates safeguards for contraindications, interactions, and escalation pathways, alongside anonymization, encryption, and role-based access controls.

This intelligence is translated into the SRTN Precision Daily Operating System (SRTN-pDOS), an individualized care framework that converts complex biological information into structured, practitioner-guided protocols across two care formats: foundational preventive care and therapy-adjunct protocols addressing specific health areas such as gut and cardiovascular health.

These SRTN precision protocols draw on an evidence base of more than 44,000 stratified clinical studies and have been refined through real-world pilots. They span nutrition, supplementation, physical activity, sleep, stress management, and other modifiable health behaviors. Recommendations are delivered through the SRTN App and supported by care concierge teams and health coaches who help individuals sustain adherence over time. WHO evidence has documented adherence rates as low as 28 percent for some regular preventive therapies in developed countries, underscoring the challenge of sustaining long-term engagement. Project Serotonin’s engagement architecture is designed to address this gap.

“We are at an inflection point in human health. Project Serotonin is built for the Medicine 4.0 era, which is defined not by how much data we collect, but by how intelligently we connect it,” said Dr Ashwat Visvanathan (PhD), Head – Partnerships and User Outcomes, Project Serotonin. “Healthcare has invested heavily in digitizing records and expanding diagnostics. The next frontier is enabling a continuous understanding of every individual. We built Project Serotonin to help healthcare providers move from episodic treatment to plug-and-play precision prevention, without disrupting the systems and clinical expertise they already have.”

The Platform connects twelve integrated systems that have traditionally functioned in isolation, from diagnostics, genomics, and wearable intelligence to a clinician console, Rx Intelligence screened against more than 2,600 drugs, patient engagement, fulfillment, adherence coaching, and operational management. Institutions can deploy the complete Platform or adopt modular capabilities, determining their own pace and scope of adoption.

14, Aug 2026
VST Tillers Tractors Sustains Profitability as Revenue Climbs 11% Amid Cost Pressures

VST Tillers Tractors Limited reports 11% Revenue Growth with PAT Maintained at 14.27%, Despite Commodity Inflationary Pressures

 

Bengaluru, Aug 14: VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, announced its financial results for the 1st quarter of the financial yearshowcasing continued growth momentum and operational resilience.

 Financial Highlights – Q1 FY 2026-27

 Revenue from operations increased to ₹ 313.40 crore, registering a growth of 11% compared to 282.5 crore in Q1 FY26, amid supply disruptions.

 Operational EBITDA increased to 40.29 crore from 37.50 crore in the Q1 of previous year. Operational EBITDA margin is at 12.85% despite commodity inflationary pressures.

 Profit After Tax (PAT) stood at 48.73 crore as against 44.56 crore, an increase of 9.36% over Q1 FY 26.

VST Tillers Tractors Limited (VST) is India’s leading farm equipment manufacturer. VST was established in the year 1967 by the VST Group of companies. With a legacy of more than 55 years, VST continues to drive farm mechanization and empowerment of Indian farmers. The organization is the largest Indian manufacturer of Tillers, and 4WD Compact Tractors, and amongst the leading producers of the other category of Tractors, Engines, Transmission, Power Reaper, and Precision Components. VST also exports products to European, Asian, and African markets. 

14, Aug 2026
Rangi Developments – Building a Legacy Across the Tricity

Rangi Developments – Building a Legacy Across the Tricity

Projects and Services:
RANGI DEVELOPMENTS | RANGI GROUP | RANGI FINANCIALS | MEWS GATE | UBBER Group | HELPMATE | HELPMATE SERVICES | HIGHLAND PARK | HIGHLAND MAYFIELDS | HIGHLAND LIFESPACES | HIGHLAND INDUSTRIAL CITY | HIGHLAND LUXURIA | CRESTA |CRESTA RESIDENCES

Rangi, through Rangi Developments, has built an established presence in the real estate sector across the Tricity and surrounding region. With delivered projects including Mews Gate, Highland Park and Ubber Parkland, Rangi has created residential and commercial spaces that are now home to numerous families, communities and businesses. The journey is supported by the wider Rangi Group and its associated names, including Highland Group, Highland Mayfields and Highland Lifespaces, reflecting years of experience across the real estate sector.

Among its notable developments, Mews Gate is an integrated residential and commercial destination bringing together thoughtfully planned homes and commercial spaces. Highland Park, Highland Mayfields, Highland Lifespaces and Highland Luxuria further represent the group’s experience across residential development, with established communities now living and growing within these projects.

Building on this experience, Rangi Developments is preparing to introduce Cresta, also known as Cresta Residences, an upcoming residential development envisioned around contemporary architecture, thoughtfully planned spaces and modern lifestyle requirements.

With a portfolio shaped by delivered developments and established communities, Arshdeep Rangi is taking the lead in carrying this legacy forward through the upcoming Cresta Residences, building on the experience of the past while shaping the vision for the future.

13, Aug 2026
 IFFCO-TOKIO GIC Settles Over 100 Flood-Related Claims in Gujarat and Maharashtra

                                                                                                                        

                                                                               The company has implemented a quick settlement system for those affected by floods, with teams working tirelessly to ensure customers receive relief without delay

Delhi/Gurugram, Aug 13: IFFCO-TOKIO General Insurance Company Limited (IFFCO-TOKIO GIC), one of India’s leading general insurance companies, has intensified its efforts to provide swift relief to customers affected by the recent floods. The company has already settled more than 100 claims including motor and non-motor insurance policies.

The company has implemented a quick claims settlement process for customers affected by the floods, with dedicated teams working tirelessly to ensure that policyholders receive relief without delay.

In this hour of difficulty, IFFCO-TOKIO GIC stands in solidarity with the flood-affected people. Its dedicated teams are actively engaged in expediting surveys, assessments and claim settlements so that affected policyholders can access financial assistance at the earliest.

IFFCO-TOKIO GIC Settles Over 100 Flood-Related Claims in Gujarat and Maharashtra

 

Mr. Tatsuya Fujimoto, Director (Operations) , IFFCO-TOKIO General Insurance Company Limited, said, “At IFFCO-TOKIO GIC, we understand the challenges faced by families and businesses affected by the recent floods in Gujarat and Maharashtra. We work in line with the motto — ‘To be there for our customers and society in times of need.’ Our teams are working tirelessly to ensure that genuine claims are assessed and settled as quickly as possible. We remain committed to providing prompt support to our customers during this difficult time.”

For assistance related to claims, customers are requested to contact their nearest IFFCO-TOKIO office or reach out through the company’s customer support channels 1800-103-5499.

Precautions for Customers

During and after floods, people are advised to prioritise their safety and take necessary precautions to minimise the risk of further damage. They should avoid entering flooded areas or driving through waterlogged roads, stay away from exposed electrical wires and switch off the main power supply if it is safe to do so. Policyholders should, wherever possible, take photographs or videos of the damage to their vehicles, homes, businesses or other insured assets before undertaking repairs or disposal of damaged items. They should also preserve relevant documents, bills and other evidence related to the loss and promptly inform their insurance company about the incident. In case of an emergency, safety should always take precedence, and people should follow advisories issued by local authorities.

13, Aug 2026
Standard Chartered Accelerates India’s GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience

Bengaluru, August 13, 2026: Standard Chartered convened industry leaders, policymakers and Global Capability Centre (GCC) executives at its GCC Conference in Bengaluru, to reaffirm its commitment to supporting the next phase of India’s GCC growth story.

The event was graced by Dr. Manjula N, IAS, Secretary, Department of Electronics, Information Technology, Biotechnology and Science & Technology, Government of Karnataka, Tanuj Kapilashrami, Group Chief Operating Officer, Standard Chartered and P.D. Singh, Chief Executive Officer, India & South Asia, Standard Chartered, who shared perspectives on India’s growing prominence as the world’s preferred destination for global capability centres and the opportunities that lie ahead.

India today hosts the world’s largest GCC ecosystem, attracting leading organisations to build capabilities beyond traditional service delivery. Industry estimates indicate that India’s GCC market is projected to reach approximately US$105 billion by 2030, reinforcing the country’s position as the world’s leading global capability hub. Further, with 183 new GCCs established during the first half of 2026 (as per industry estimates), India continues to strengthen its position as the preferred global destination for capability centre investments.

As organisations expand their GCC footprint, Standard Chartered supports their banking requirements through a connected banking experience spanning both offshore and onshore operations. Leveraging its international network, digital banking platforms and deep expertise in supporting treasury centres, cross-border corporates and evolving GCC operating models, Standard Chartered helps organisations simplify financial operations while supporting growth across global markets.

Speaking at the conference, Tanuj Kapilashrami, Group Chief Operating Officer, Standard Chartered said, “India’s GCC story is entering a new phase; one defined by greater global ownership, innovation and strategic impact. As organisations build increasingly connected and enterprise-critical capability centres, they need partners that combine global banking expertise with first-hand operational experience. As the super-connector bank, Standard Chartered is uniquely positioned to support this next wave of GCC growth by bringing together global connectivity, deep local expertise and over 25 years of experience operating one of our own GCCs in India.”

P.D. Singh, Chief Executive Officer, India & South Asia, Standard Chartered, added, “India’s GCC story represents one of the most significant business opportunities globally today. As organisations look to build globally connected, innovation-led capability centres, they need a banking partner that understands both the operational realities of running a GCC and the financial complexities of scaling one across markets. Having operated our own GCC in India for over 25 years while partnering with leading multinational clients worldwide, Standard Chartered brings a unique perspective that enables us to support clients throughout every stage of their GCC journey.”

Over the last few decades, GCCs have progressed from cost-efficient delivery centres to strategic enterprise hubs while driving critical business outcomes for global enterprises. As this transformation continues, Standard Chartered remains committed to enabling the next generation of GCCs, bringing deep expertise and firsthand insight shaped by its experience as both a banking operator to GCCs and the operator of one of its own.  

13, Aug 2026
India’s Exports Cross Dollar 80 Billion in July as Global Demand Fuels Strong Growth

NEW DELHI, Aug 13: India’s exports of goods and services crossed the $80-billion mark in July, registering a strong 13.3 per cent year-on-year growth and providing fresh momentum to the country’s trade outlook.

India’s Exports Cross Dollar 80 Billion in July as Global Demand Fuels Strong Growth

The rise reflects growing demand for Indian products and services in international markets and highlights the expanding role of exports in the country’s economy.

The latest performance comes as Indian businesses continue to expand their presence across global markets. Both merchandise and services are contributing to the broader export story, giving the country a more diversified trade base.

Services remain a key strength

India’s services sector continues to be an important contributor to export growth. Information technology, business services, professional services and other digitally delivered activities have helped Indian companies serve customers across international markets.

The continued expansion of services exports is also supporting employment for skilled professionals and strengthening India’s position in the global services economy.

Manufacturing gains importance

India’s merchandise exports are also benefiting from the expansion of domestic manufacturing.

Electronics, engineering products, pharmaceuticals, chemicals and other manufactured goods are increasingly finding markets overseas. This growth is helping Indian manufacturers become more closely connected with global supply chains.

For businesses, particularly small and medium-sized enterprises, stronger international demand can create opportunities to expand production, enter new markets and generate additional employment.

Exports support wider economic growth

A sustained rise in exports can have a broader impact on the economy. Higher overseas demand can support manufacturing, logistics, transportation, finance and other supporting sectors.

It can also encourage businesses to invest in technology, improve productivity and develop products that can compete in international markets.

India looks towards a larger global role

The July export performance highlights the growing international reach of Indian businesses.

Maintaining this momentum will depend on strengthening manufacturing capabilities, improving logistics, supporting exporters, expanding market access and ensuring that Indian products and services remain competitive globally.

With total exports crossing $80 billion in July, India’s trade sector is showing strong momentum and reinforcing the country’s growing role in the global economy.

13, Aug 2026
MENA Fintech Association Appoints Heriot-Watt Economist with Two Decades of Global Development Experience as Sustainable Fintech Co Chair

MENA Fintech Association Appoints Heriot-Watt Economist with Two Decades of Global Development Experience as Sustainable Fintech Co Chair

Appointment brings two decades of macroeconomic and sustainable development expertise from leading global institutions to the Working Group’s leadership

 

 

Aug 13 – DUBAI, UNITED ARAB EMIRATES — The MENA Fintech Association (MFTA) today announced the appointment of Dr Jelena Janjusevic as Co Chair of its Sustainable Fintech Working Group. The appointment reflects MFTA’s continued commitment to advancing sustainable finance and responsible innovation across the fintech ecosystem, and to deepening ties between academia, policy and industry.

As Co Chair, Dr Janjusevic will help guide the Working Group’s strategic direction, drawing on her extensive background in macroeconomics and sustainable development to support initiatives that advance the alignment of fintech innovation with sustainability and inclusive growth objectives across MFTA’s network.

About Dr Jelena Janjusevic

Dr Jelena Janjusevic is Deputy Global Head of Accountancy, Economics & Finance at Edinburgh Business School, Heriot-Watt University Dubai. With more than 20 years of experience, she has worked with governments and institutions including the World Bank, the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD) and the United Nations Development Programme (UNDP), with a focus on macroeconomics and sustainable development.

About the Sustainable Fintech Working Group

The Sustainable Fintech Working Group is an initiative of the MENA Fintech Association dedicated to advancing the integration of sustainability principles across financial technology, connecting innovators, financial institutions, academic partners and policymakers to drive responsible and inclusive growth in the sector.

About the MENA Fintech Association

The MENA Fintech Association (MFTA) is a non-profit industry body dedicated to fostering the growth and development of the fintech ecosystem across the Middle East and North Africa. Through its regional chapters and working groups, MFTA connects fintech companies, financial institutions, regulators, investors and other stakeholders to drive collaboration, innovation and inclusive financial growth throughout the region.