8, Oct 2026
Carne Group recognised as Luxembourg’s largest third-party ManCo by Monterey Insight
Continued growth underscores Carne’s position as the leading third-party ManCo in Europe
London – Dublin – Luxembourg, Oct 08 – Carne Group, Europe’s largest third-party management company (ManCo), has maintained its leadership position as Luxembourg’s largest third-party management company, by total assets under management (AUM) in the latest Monterey Insight Luxembourg Intelligence report.
Carne has ranked first among third-party ManCos in Luxembourg, for the second consecutive year and seventh overall, across all management companies and AIFMs, with US$242.4bn in AUM in the Luxembourg market, reflecting 46.4% year-on-year growth, according to the Monterey Insight Luxembourg Report 2026.
John Parkhouse, President of Carne Group, commented:
“The scale of growth we have achieved over the past year reflects the strength of the Luxembourg market and the accelerating shift towards outsourcing. As asset managers navigate increased operational and governance complexity, they are placing greater value on partners that can help firms scale efficiently and meet rising investor expectations.
Our Supermodel II research highlights the growing demand for specialist operating models and third-party ManCo solutions, with 34% of asset managers likely to fully outsource support for new products or fund vehicles to a third-party ManCo over the next two years and a further 18% of managers with an internal ManCo planning to fully outsource those responsibilities.
This industry shift is particularly evident in Luxembourg, where a robust regulatory and governance framework, deep cross-border expertise and well-established fund ecosystem continue to reinforce the evolving role of third-party ManCos as strategic enablers.”
Carne’s leadership position has also been recognised by PwC’s 2026 Observatory for Management Companies Barometer, which ranked Carne as the largest third-party ManCo in Luxembourg, by assets under management (AUM) and sub-funds. The report also found that third-party ManCos now account for 19% of total Luxembourg ManCo assets under management, with over €1.1 trillion in assets under management, highlighting the continued growth of the third-party ManCo model in Luxembourg.
Together, these two reports confirm Carne’s position as the largest third-party ManCo in Europe, overseeing more than $1 trillion in AUM globally.
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- By Neel Achary
8, Oct 2026
AAEON Heads to Scanautomatic 2026 to Deliver New Platforms, Demos, and More
Join AAEON at the premier meeting point for industrial automation and digital transformation.
Taipei, Taiwan – Oct 09: AAEON (Stock Code: 6579), a leading Edge AI platform provider, will present a range of new products at Booth #B06:29 of Scanautomatic 2026, held from October 20 to October 22, 2026.
Date: October 20 – October 22, 2026
Booth: #B06:29
Venue: Mässans Gata/Korsvägen Göteborg, Sweden
With the show acting as a cross-industry meeting point, AAEON will join over 250 exhibitors from across the larger automation and industrial digitalization ecosystem. Over the three days, Scanautomatic will also play host to over 60 seminars and feature a broad showcase of over 600 product categories.
Among an array of new products on show at booth #B06:29, visitors will also note a live physical AI-guided defect detection demonstration developed with Awentia’s AVT Physical AI Core. Running on the BOXER-8622AI, a Compact Fanless Embedded AI System powered by NVIDIA Jetson Orin Nano with Super Mode, the application utilizes 3D reconstruction to map product defects in real-time, illustrating the potential that combining machine vision with physical AI has for precision manufacturing quality control.
Throughout the show, AAEON will host a static lineup of products conducive to bringing new capabilities to the automation sphere, including the upcoming UP Display ASL15, the first smart display kit to be released by AAEON’s UP brand. The product, which features an Intel Processor N-series computing base with a 15.6″ projected capacitive multi-touch panel and fully integrated industrial I/O, was released earlier this month and positioned for human-machine interfaces and edge-based industrial automation solutions.
Another particularly interesting platform on show will be the EATX-W890A, a workstation motherboard powered by Intel Xeon 600 processors and equipped with up to seven 16-lane PCIe Gen 5 slots. The board, which will be geared towards more server-grade industrial applications, is expected to be launched during H1, 2027.
AAEON will also present a wealth of additional platforms from across its single-board computer, embedded AI system, and developer board ranges equipped with technologies from leading chip providers such as Intel, NVIDIA, MediaTek, NXP, and Qualcomm.
Visitors are encouraged to join AAEON at Booth #B06:29, where representatives will be available to discuss AAEON’s product roadmap and provide details of the products on display.
8, Oct 2026
JSW Cement Strengthens Its Regional Capacity In North India
Chandigarh, October 08, 2026: JSW Cement, one of India’s leading green cement producers and part of the diversified JSW Group, today announced the successful commissioning of an additional 1.00 MTPA cement grinding unit at Nagaur, Rajasthan. The commissioning marks another significant milestone in the Company’s growth strategy.
With this commissioning, JSW Cement’s total cement grinding capacity has increased to 25.10 MTPA, while its total clinker manufacturing capacity, including clinker capacity at its joint venture, JSW Cement FZC, stands at 9.74 MTPA.
JSW Cement had commenced operations in North India in March 2026 with the Nagaur Integrated Plant, comprising a 3.30 MTPA clinkerisation unit and 2.50 MTPA cement grinding unit. With the commissioning of the additional 1.00 MTPA cement grinding unit, the plant’s total cement grinding capacity has increased to 3.50 MTPA, enhancing the company’s ability to cater to the growing cement demand across Rajasthan, Haryana, Punjab and the National Capital Region (NCR). The expansion has been funded through a strategic mix of equity and long-term debt.
During the quarter ended 30th September 2026, JSW Cement has also commissioned the Alternate Fuel Handling System and the Waste Heat Recovery system (WHRS) at the Nagaur Integrated Plant.
Announcing this today, Mr. Nilesh Narwekar, CEO, JSW Cement, said: “The commissioning of additional 1.00 MTPA grinding capacity at Nagaur is a key strategic priority for us and will accelerate JSW Cement’s expansion into North India. We look forward to servicing the growing needs of the region and contributing to the economic growth of Rajasthan, Haryana, Punjab and the NCR area. I am delighted to share that the company has commissioned this grinding unit within the expected timeline, showcasing our project execution capabilities. Further, the Alternate Fuel Handling System and the Waste Heat Recovery system (WHRS) are expected to substantially reduce our production costs going forward.”
8, Oct 2026
Indian Air Force Day 2026: IAF Marks 94th Anniversary With Air Shows and Grand Celebrations
New Delhi, Oct 8: India is observing Indian Air Force Day 2026 on Thursday, marking the 94th anniversary of the Indian Air Force (IAF) and honouring the service, courage and sacrifices of the country’s air warriors.
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The annual observance commemorates the establishment of the IAF on October 8, 1932, and highlights its evolving role in air defence, combat operations, humanitarian assistance and disaster relief.
This year’s celebrations are being held at multiple locations, with the main ceremony scheduled at Hindon Air Force Station in Ghaziabad, Uttar Pradesh.
IAF Day 2026 Theme
The theme for the 94th Indian Air Force Day is “Indian Air Force – Infallible, Impervious and Precise.”
The theme reflects the force’s emphasis on operational readiness, technological capability, precision and resilience in meeting emerging security challenges.
Last year’s theme, “Saksham, Sashakt, Atmanirbhar”, highlighted the IAF’s focus on strengthening indigenous defence capabilities and promoting self-reliance.
Grand Parade and Flypast at Hindon
The main anniversary programme at Hindon will feature a ceremonial parade and an extensive aerial display.
A range of aircraft and helicopters, including Rafale, Su-30MKI, MiG-29, Tejas, C-17 and Apache, are scheduled to feature in the flypast, showcasing the IAF’s combat, transport and rotary-wing capabilities.
Air Chief Marshal A.P. Singh will review the parade. The programme will also include the presentation of Presidential awards to personnel for distinguished service.
Mi-17 helicopters are expected to carry the National Flag, IAF flag and Operation Sindoor flag during the aerial display.
Air Show in Jodhpur
A major air display will also be held at Jodhpur Air Force Station on October 8.
The Suryakiran Aerobatic Team will headline the event with a series of coordinated aerial manoeuvres. The programme is expected to showcase the precision flying and professionalism of India’s premier aerobatic team.
Varanasi to Host Major Public Air Show
The celebrations will continue in Varanasi later this month, with a public air show scheduled over the Ganga on October 24, 25 and 26.
The main programme is scheduled for October 25 near Namo Ghat, featuring fighter aircraft, transport planes and aerobatic formations.
The event is expected to offer the public an opportunity to witness the capabilities of the Indian Air Force up close while marking the significance of the anniversary.
IAF’s Journey Since 1932
The Indian Air Force was established on October 8, 1932, during British rule. Its first operational squadron, No. 1 Squadron, was formed the following year.
After Independence, the IAF played a crucial role in the 1947-48 Jammu and Kashmir operations, followed by its participation in the wars of 1965 and 1971 and the Kargil conflict.
The force has also undertaken major humanitarian and disaster-relief operations and continues to play a vital role in surveillance, strategic airlift and national air defence.
The prefix “Royal” was dropped from its name in 1950 after India became a republic.
International Cooperation and Veterans’ Tribute
The anniversary celebrations also coincide with Tarang Shakti 2026, an international air exercise involving the IAF and foreign air forces. The exercise provides an opportunity to strengthen operational coordination, interoperability and exchange of best practices.
Veteran gatherings and interaction programmes are also being organised at various Air Force stations and venues, paying tribute to personnel who have contributed to the growth and transformation of the force over the decades.
Indian Air Force Day thus serves not only as a celebration of the service’s achievements but also as a reminder of the dedication of its personnel who remain entrusted with protecting the country’s skies and supporting the nation during times of crisis.
8, Oct 2026
Odisha Bandh Disrupts Normal Life as INDIA Bloc Holds Statewide Protest
Bhubaneswar, Oct 8 (UDN): Normal life was disrupted across several parts of Odisha on Thursday as parties associated with the INDIA bloc observed a statewide bandh, with road blockades, demonstrations and rail stoppages reported at multiple locations.
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The shutdown affected vehicular movement in several cities and towns, with protesters staging pickets and blocking roads and highways. Commuters faced traffic congestion and delays as the agitation gathered momentum during the day.
Road Blockades, Rail Roko Reported
Congress and other participating opposition parties organised demonstrations at various locations as part of the bandh.
In some areas, protesters reportedly blocked major roads and highways, while a Rail Roko programme was also observed at select railway stations, affecting train movement.
The protests led to disruptions in public transport and created difficulties for commuters and other travellers.
Essential Services Kept Out of Bandh
Emergency and essential services were kept outside the scope of the shutdown. Ambulances, fire services, pharmacies and vehicles carrying milk supplies were allowed to operate.
Protesters were also urged not to obstruct medical services, emergency response operations or other essential activities during the bandh.
The state administration had already directed district authorities to remain alert and take preventive measures to maintain law and order during the shutdown.
Three Major Demands Behind Protest
The Congress and its allies have cited several issues for the statewide agitation, with three major demands forming the focus of the protest.
One of the key demands is the withdrawal of the MMDR Amendment Act, 2026. The protesting parties have alleged that the amended mining legislation could adversely affect Odisha’s interests in its mineral resources and revenue.
The opposition has also sought the resignation of School and Mass Education Minister Nityananda Gond, alleging irregularities and errors in school textbooks.
Another major demand concerns the Election Commission. The protesters have called for the resignation and arrest of Chief Election Commissioner Gyanesh Kumar, alleging irregularities in the Special Intensive Revision (SIR) of electoral rolls.
Security Tightened Across State
With the bandh expected to affect normal movement, security arrangements have been strengthened at sensitive locations, including major roads, government establishments and railway stations.
Authorities are maintaining a close watch on the situation to prevent violence and ensure that essential services remain operational throughout the shutdown.
8, Oct 2026
RiverSoft brings specialised hard water solutions to Pune homes
Pune, Oct 08: Pune’s rising hard–water concerns are affecting daily life. It contributes to limescale on taps and showers, scaling in appliances, higher soap and detergent consumption, and concerns about hair and skin. Areas like Hinjewadi, Wakad, Baner, Balewadi, Kharadi, Hadapsar, Wagholi, and Pimpri-Chinchwad have seen significant growth in high-rise apartments and gated communities. In these newer developments, the water quality may vary, depending on a mix of municipal, borewell, and tanker supply.
Hard water concerns, coupled with these variations in water sources, create demand for simple, installation-friendly hard water solutions that can be fitted directly at the point of use rather than requiring changes to the building’s water infrastructure.
To address these challenges, RiverSoft offers specialised water-care solutions including the SF-15 Pro shower & tap filter (a key product in Pune), DIVA-01 shower filter, DIVA PRO tap filter and Bliss-15C cartridge. With a hard water conditioning layer, they reduce the harmful effects of hard water and remove chlorine and sediments. Their filters also contain Vitamin C, which helps improve hair and skin health. These filters do not reduce TDS and are easy to install at the point of use. Additionally, there is a growing demand for cartridge replacements and refills, particularly the SFC-15 replacement cartridge. This indicates a shift towards ongoing water care and maintenance rather than treating filtration as a one-time purchase.
Pune is also seeing strong growth in sediment filtration, with RiverSoft’s sediment filter gaining good traction year on year. Kitchen tap extenders, washing-machine filters and prefilters are also a growing category, reflecting increased interest in managing water quality across different points of household use.
With demand spread across Pune’s western and eastern residential corridors, the city is emerging as a growing market for RiverSoft as consumers increasingly explore solutions for hard water, sediment and everyday household water-quality concerns.
8, Oct 2026
Odisha Forms Commission to Assess SEBC Representation in Local Bodies
Bhubaneswar, Oct 8 (UDN): The Odisha government has constituted a high-level commission to assess the population, political representation and extent of political backwardness of Socially and Educationally Backward Classes (SEBCs) in local self-government institutions across the state.
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The decision covers both rural and urban local bodies, including panchayats and urban local government institutions. The initiative is aimed at generating a comprehensive assessment that could guide measures for ensuring adequate political representation of SEBC communities.
Justice Pramath Pattanaik to Head Commission
According to a notification issued by the ST and SC Development, Minorities and Backward Classes Welfare Department, retired Orissa High Court judge Justice Pramath Pattanaik has been appointed as the chairperson of the commission.
Retired IAS officer Bijaya Kumar Prusti will serve as a member, while Sujata Mishra, Special Secretary of the department, has been appointed as the member secretary.
Panel to Study SEBC Representation
The commission will examine the proportion of the SEBC population in relation to the overall population within local self-government institutions.
It will also assess the existing level of political representation of SEBC communities and examine the nature and implications of their political backwardness in relation to their population.
The findings are expected to help the government formulate appropriate measures to ensure adequate representation and safeguard the rights and interests of SEBC communities in local governance.
Move Follows CM Majhi’s Decision
The constitution of the commission follows Chief Minister Mohan Charan Majhi’s decision to undertake a comprehensive study of the socio-political status and representation of SEBC communities in rural and urban local bodies.
The exercise comes against the backdrop of the state government’s recent steps concerning the welfare and representation of backward communities.
Earlier, the Odisha government had announced 11.25 per cent reservation for SEBC students in professional higher education, including engineering and medical institutions.
The newly constituted commission will now undertake the detailed assessment of SEBC representation in local governance, with its findings likely to play an important role in shaping future policy measures in the state.
8, Oct 2026
Odisha CM Majhi Waives Ground Rent for Puja Pandals in Bhubaneswar
Bhubaneswar, Oct 7 (UDN): In a festive-season relief for Puja committees, the Odisha government has announced a waiver of ground rent for temporary Puja pandals set up at public places within the Bhubaneswar Municipal Corporation (BMC) area.
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Chief Minister Mohan Charan Majhi announced that Puja committees will not be required to pay ground rent for organising a range of religious and cultural events during the upcoming festive season.
The waiver will cover Durga Puja, Laxmi Puja, Kali Puja, Ravan Podi, Bhasani Utsav and associated cultural programmes organised at public places within the BMC jurisdiction.
Waiver to Remain in Force Till November 18
According to government sources, the ground-rent waiver will be applicable from October 17 to November 18, covering the major festive activities during the period.
The decision is aimed at easing the financial burden on Puja committees and recognising the wider social, cultural and community significance of the festivals, which draw large gatherings across Bhubaneswar.
CM Appeals for Safe and Eco-Friendly Celebrations
While announcing the relief, Chief Minister Majhi urged Puja committees to ensure that celebrations are conducted in a peaceful, disciplined and environmentally responsible manner.
Committees have been encouraged to maintain public order, cooperate with the administration and ensure that festivities do not cause unnecessary inconvenience to residents or visitors.
The government’s decision is expected to provide relief to numerous Puja committees preparing for the festive season and further support community-led celebrations across the state capital.
8, Oct 2026
NH-55 Six-Laning, Four Underpasses and Railway Overbridge Proposed to Ease Traffic in Odisha
Bhubaneswar, Oct 8 (UDN): A major infrastructure push aimed at improving road connectivity, easing congestion and strengthening road safety in western Odisha is being proposed, with plans for six-laning the Sambalpur-Cuttack stretch of NH-55, construction of four underpasses and an overbridge near Sambalpur City railway station.
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The proposals have been highlighted by Sambalpur MP Dharmendra Pradhan, who has urged Union Road Transport and Highways Minister Nitin Gadkari to consider the projects on priority, citing rising traffic and growing industrial and commercial activity along the corridor.
NH-55 Six-Laning Plan
The Sambalpur-Angul-Cuttack corridor is a crucial road link connecting western Odisha with major industrial, commercial and urban centres in the state.
With a steady increase in passenger vehicles, heavy trucks and industrial traffic, the proposal seeks to upgrade the existing four-lane highway to six lanes. The plan also includes two-lane service roads on both sides of the highway to facilitate local traffic and improve access for residents and businesses along the route.
The proposed expansion is expected to improve traffic flow, reduce congestion and enhance the overall efficiency of one of Odisha’s important highway corridors.
Four Underpasses Proposed on NH-55
Road safety concerns along the Angul-Sambalpur section of NH-55 have also been flagged, particularly because of the frequent movement of heavy and mineral-laden vehicles.
To address pedestrian and local traffic safety, four underpasses proposed by the National Highways Authority of India (NHAI) have been sought for early administrative and financial approval.
The proposed locations are Jindal Road, Jarapada, Jerang and Charmal.
The underpasses are expected to provide safer crossings for local residents while reducing the need for pedestrians and smaller vehicles to directly negotiate busy highway traffic.
Overbridge Proposed Near Sambalpur Railway Station
Traffic congestion around Sambalpur City railway station is another major concern. The railway station area witnesses significant movement of passengers and vehicles, resulting in congestion and safety challenges at the adjoining highway junction.
To address the issue, a proposal has been made for an overbridge at the railway station square. The project is intended to streamline traffic movement and provide safer passage for pedestrians and commuters using the busy junction.
Focus on Western Odisha Connectivity
The proposed projects come at a time when western Odisha is witnessing expanding industrial, mining, commercial and urban activity, placing additional pressure on existing transport infrastructure.
If approved and implemented, the six-laning of NH-55, the four underpasses and the proposed railway station overbridge could significantly improve connectivity between western and coastal Odisha while strengthening road safety and supporting the region’s economic growth.
The proposals now await consideration and necessary approvals from the concerned authorities.
8, Oct 2026
Nana Patekar Dies at 75: Veteran Actor Passes Away After Cardiac Arrest in Goa
Goa, Oct 8: Veteran actor and filmmaker Nana Patekar, one of the most powerful and respected performers in Indian cinema, died on Thursday at the age of 75 after suffering a severe cardiac arrest at his residence in Goa.
According to reports, Patekar was found unconscious at his home and was immediately rushed to a nearby hospital. Doctors reportedly made efforts to revive him for nearly 45 minutes, but he could not be saved. He was declared dead at around 5:20 am, according to reports quoting Dr Shekhar Salkar of Manipal Hospital. A post-mortem examination is expected to be conducted.
The news of Patekar’s sudden death has sent shockwaves across the Indian film industry, bringing an end to a remarkable career spanning more than four decades.
Born Vishwanath Patekar on January 1, 1951, in Murud-Janjira in Maharashtra’s Raigad district, Nana Patekar established himself as an actor known for his commanding screen presence, distinctive voice and intensely realistic performances.
He made his film debut with Gaman in 1978 and went on to deliver acclaimed performances in films such as Parinda, Prahaar: The Final Attack, Tirangaa, Krantiveer, Agni Sakshi, Khamoshi: The Musical, Ab Tak Chhappan, Natsamrat and Welcome.
His portrayal of complex and emotionally charged characters earned him widespread recognition. His performance in Krantiveer won him the National Film Award for Best Actor, while his work in Parinda and Agni Sakshi further cemented his reputation as one of the finest performers of his generation.
Over the course of his illustrious career, Patekar received three National Film Awards, along with several Filmfare and Maharashtra State Film Awards. In 2013, he was honoured with the Padma Shri for his contribution to Indian cinema and the arts.
Beyond acting, Patekar also worked as a filmmaker and remained closely associated with theatre. His career was marked by a willingness to take on challenging roles and characters that often reflected social realities and human struggles.
He was also known for his involvement in social initiatives and philanthropic efforts, particularly those supporting farmers and communities facing hardship.
Nana Patekar’s death marks the loss of a singular voice in Indian cinema. His intense performances, unforgettable dialogue delivery and memorable characters earned him a lasting place in the hearts of audiences across generations.
Further details regarding his last rites and funeral arrangements are awaited.
