25, Feb 2026
General Magic Raises Oversubscribed US$7.2M to Cut Insurance Quote Time to 3 Minutes
Toronto, Canada – February 25, 2026; Insurance is complicated. Customers have questions before they quote, need guidance after, and expect clarity when they file a claim. But the work of answering those questions, collecting documents, and following up still runs on calls, emails, and portals stitched together by manual effort. For brokers and carriers, this coordination overhead is one of the most operationally expensive and taxing parts of the business.
General Magic is building AI agents to solve this problem.
The company announced a US$7.2M seed funding round led by Radical Ventures, with significant participation from a16z Speedrun and new investment from Figma VP of Product Brendan O’Driscoll and Larry James Erwin from OpenAI. The company has raised $8.4M to date, backed by Radical Ventures, a16z Speedrun, and Comma Capital, along with operators who have built foundational AI and product platforms, including Aidan Gomez, CEO of Cohere, as well as the executive team at Braze, including Kevin Wang, Chief Product Officer, and Spencer Burke, SVP of Growth.
General Magic builds AI agents that take over the work insurance teams spend the most time on: answering routine questions, collecting documents, and following up with customers when clarity matters. These agents work across the full insurance lifecycle, covering pre-quote eligibility, post quote engagement, and claims coordination. They do all of this while connecting directly to broker management systems, quoting platforms, and CRMs.
Early deployments show what’s possible. Working with one of the world’s largest general insurers, General Magic has reduced time-to-quote from roughly 30 minutes down to under 3 minutes via its SMS-based agent.
“Too much of insurance still relies on manual follow through across calls, inboxes, and scattered systems,” said Jai Mansukhani, Co Founder and President of General Magic. “We focus on keeping customers engaged at every stage of the lifecycle, not just at quote or claim. Our agents handle the routine work that slows teams down, while giving insurance leaders real visibility into what customers are asking, where they are getting stuck, and how they are feeling. When that engagement and data flow directly into core systems, teams move faster and customers feel genuinely supported.”
The company’s agentic offerings are centered around a product called Cell, a proactive AI agent that connects directly to the systems insurance teams already use. Cell integrates with broker management systems, quoting and rating platforms and CRMs to support teams. It can be deployed across SMS, iMessage and RCS, and can extend into policy, billing and claims workflows as needed.
When a customer has a question, they can text Cell over SMS, or the insurance team can proactively deploy it to the customer. The agent responds using real system data, asks for missing information, follows up automatically, and updates records as workflows progress. Conversations stay in one thread, context is preserved, and customers move forward at their own pace without being chased or dropped.
Early deployments point to the scale of the opportunity. In early rollouts with large personal lines insurers, General Magic is reducing the time required to generate and finalize quotes from roughly 30 minutes to about 3 minutes by automating routine clarification and follow-ups over SMS across auto and life insurance workflows. This increase in speed expands effective quoting capacity while keeping customers engaged through the most failure prone part of the journey after a quote is issued. By handling frequent questions and coordination over text, the agent reduces delays and prevents conversations from stalling. General Magic is currently supporting deployments with carriers across auto and life insurance, where post-quote and customer coordination are most critical.
In parallel, the team is focused on building agents that understand the realities of insurance distribution, including licensing and regulatory frameworks such as RIBO, OTL, and other broker and advisor exams. By specializing agents around how licensed professionals are trained to communicate, General Magic aims to ensure conversations feel accurate, compliant, and aligned with how insurance teams actually explain coverage to customers.
General Magic was founded by Anthony Azrak and Jai Mansukhani, second-time founders who previously sold AI products into legacy industries. The company’s move into insurance came from firsthand frustration. After a water leak spiraled into weeks of calls, delays, and higher premiums, the founders began exploring how common this experience really was. What they found was an industry that technically works, but often fails customers and intermediaries in the moments that matter most. That insight shaped General Magic’s decision to go deep into insurance rather than remain a horizontal AI platform.
The broader industry context underscores the urgency. Retention rates in insurance lag behind other sectors, and acquiring new customers costs significantly more than keeping existing ones. As digital distribution accelerates and customers shop more aggressively at renewal, both carriers and brokers that fail to improve post-quote engagement risk losing revenue they already worked to win.
Looking ahead, General Magic plans to expand across insurance lines and workflows, staying focused on moments where customer intent is high and coordination most often breaks down. The platform is being built to support high impact workflows across the insurance stack, prioritising areas where follow-through fails today and where fixing it creates meaningful value for customers, brokers, and carriers.
The long term vision is simple but ambitious: make follow through automatic, reliable, and invisible. By removing the need for manual chasing and fragmented handoffs, teams can spend less time managing processes and more time serving end customers. The team is motivated by solving complex, real world problems that sit at the center of insurance operations, with the goal of delivering tangible improvements to how people experience insurance when it matters most.
Sanjana Basu, partner at Radical Ventures, commented: “Most of the world’s financial and insurance data is locked inside rigid, legacy systems that were never designed for the AI era. General Magic isn’t trying to convince enterprises to throw away that infrastructure. Instead, they are giving them a way to finally talk to it. By building a reasoning layer that sits on top of existing systems of record, the General Magic team are unlocking a massive amount of trapped value. This is how the Fortune 500 becomes AI-native. Not by rebuilding from scratch, but by bridging the gap between old data and new intelligence.”
Troy Kirwin, investment partner at a16z Speedrun, added: “We’ve watched Anthony and Jai grow exponentially both during their speedrun cohort and in the months after. They are building a truly compelling product that we believe will revolutionize workflows across insurance carriers and brokerages globally. I have a personal thesis that outsiders will disrupt legacy industries, and General Magic has helped buttress this thesis with the immense progress they’ve made. We are excited to deepen our partnership through supporting their seed round.”
Pete Tessier, BFA, CAIB, President at insurance MGA Taycon Risk, added: “What I have seen with General Magic and their approach to AI was a willingness to adapt to the insurance industry’s needs. This is significant because of the varied nuances of the insurance industry and how its products are distributed, and why internal and external customer journeys are different. The challenge will be making it scale across all channels of insurance product distribution. This might be the first true ‘game changer’ for the industry and deliver on customer experience and expectations”
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- By Neel Achary
25, Feb 2026
MedScout Raises $10M and Launches AI Agents for MedTech Commercial Teams
Backed by Fulcrum Equity Partners, MedScout has grown enterprise revenue by 3x since its Series A as MedTech companies adopt AI agents to turn commercial strategy into field execution
AUSTIN, TX — Feb 25
MedScout, the commercial engine for MedTech, announced a $10M growth round led by Fulcrum Equity Partners, with participation from existing investors Live Oak Venture Partners and Stage 2 Capital. The round, which more than doubled the company’s valuation from its Series A, will fuel continued investment in MedScout’s AI capabilities and support growing demand from enterprise customers.
“MedScout is tackling one of the most pressing challenges in MedTech: turning company strategy into revenue performance,” said Philip Lewis, Partner at Fulcrum Equity Partners. “What they’ve built combines commercial expertise and AI to solve that problem in a highly actionable way that’s unique to each customer. This is the future of how companies put AI to work, and it’s why we’re doubling down on our investment in MedScout.”
Alongside the funding, MedScout is launching Strategies, AI agents that analyze market and account-level referral networks, procedure volumes, payer dynamics, and more to deliver prioritized, ready-to-work territory plans to reps.
“MedTech companies spend months developing commercial strategies that don’t make it to the field as intended,” said Skylar Talley, Co-founder and CEO of MedScout. “MedScout bridges that gap by translating commercial priorities into clear, territory-specific actions. Sales reps know which providers to prioritize and how to build and expand those relationships.”
MedTech commercial teams face a core disconnect: strategy is set at the top, but the tools reps use in the field don’t reflect it. Instead, reps rely on Google, stale spreadsheets, or data platforms that lack the context to tell them what really matters.
Each Strategy is an AI agent built around a company’s specific commercial context, how it wins in the market, and its definition of a best-fit target. Drawing on industry expertise and field-tested patterns from working with hundreds of MedTech commercial teams, each agent can pinpoint the accounts and physicians most likely to convert. MedScout made Strategies available to customers in late 2025.
“In January, our customers deployed 81% more unique AI agents than the month before — evidence that sales teams are seeing value quickly and building on early success,” said Talley.
MedScout’s growth reflects the urgency of the problem it solves. Enterprise MedTech organizations are increasingly relying on MedScout to keep their large and distributed sales forces focused on the right accounts and opportunities. Enterprise revenue has grown 3x since its Series A in July 2024, and monthly active reps are up 135% month over month as sales teams expand their use of Strategies.
“Everything we do is in service of better patient outcomes, and that starts with getting our innovations into the hands of the right clinicians,” said Meraj Khan, Chief Marketing Officer, Surgical Innovations at GE Healthcare. “MedScout has been a strategic partner in helping our field teams identify, prioritize, and connect with the facilities and providers where our technologies can have the greatest impact. The result is stronger commercial performance and more patients benefiting from precision care. We’re proud to work with MedScout and excited for this next phase of our partnership.”
MedScout customers deploy Strategies aligned to their specific growth priorities and market positioning, such as:
- A surgical robotics company pinpoints orthopedic surgeons who perform high volumes of traditional total knee replacements, have a Medicare-heavy patient mix (60%+), and haven’t adopted robotic-assisted procedures. Reps get a clear list of high-fit targets where the clinical case for adoption is already established.
- A diagnostic imaging company identifies primary care physicians within a 25-mile radius of a priority account who see patients with pulmonary nodules but refer lung biopsies to competing practices. Reps receive a prioritized list of physicians whose referral patterns offer the greatest opportunity to expand biopsy volume at the target facility.
- A cardiology device company identifies hospitals that performed 30% fewer TAVR procedures year over year while maintaining 250+ annual cardiac catheterization cases. Reps get a ranked list of high-capacity programs losing structural heart volume — a clear signal to re-evaluate technology partnerships. Each site has a tailored ROI story that quantifies revenue at risk and frames a path to recapture volume.
MedScout is actively deploying Strategies within commercial teams across MedTech.
25, Feb 2026
Maharashtra Tourism Gears Up to Showcase the “Unlimited” Potential of the State at SATTE 2026
Feb 25: The Department of Tourism, Government of Maharashtra, is set to make a dynamic and impactful presence at the 32nd edition of SATTE 2026 – South Asia’s Travel & Tourism Exchange (SATTE) – the region’s premier B2B travel and tourism exhibition. Organised by Informa Markets, the three-day event will be held from 25 to 27 February 2026 at the world-class Yashobhoomi (India International Convention & Expo Centre), Dwarka, New Delhi – a venue that benefits India’s ambitions as a global tourism powerhouse. The 32nd edition of SATTE is expected to see participation from over 50 countries and 28 state tourism boards, making it an unparalleled platform for business, networking, and destination promotion.
Maharashtra Tourism will highlight the state’s rich and diverse tourism offerings – a compelling narrative that encapsulates everything the state has to offer: UNESCO World Heritage Sites like the Ajanta and Ellora Caves, picturesque hill stations such as Mahabaleshwar and Lonavala, 12 UNESCO Forts, Kumbhmela, thriving wildlife sanctuaries like Tadoba, pristine beaches along the Konkan coast, spiritual circuits, adventure hotspots, and the cultural vibrancy of bustling urban centres like Mumbai and Pune. The participation is aimed at forging new partnerships, deepening B2B collaborations, and firmly positioning Maharashtra as a must-visit destination for both domestic and international travellers.
The Maharashtra delegation led by Shri Santosh Jadhav, Joint Director (DoT), Shri Chandrashekhar Jaiswal, General Manager, Maharashtra Tourism Development Corporation (MTDC), and Shri Vijay Jadhav, Deputy Director DoT, will bring together a cross-section of key tourism stakeholders – including hoteliers, tour operators, heritage site managers, adventure providers, and destination management experts. At the dedicated Maharashtra Pavilion, visitors can look forward to immersive audio-visual displays on LED screens, interactive B2B meetings, and one-on-one sessions to explore tailored itineraries, product innovations, and fresh collaboration opportunities.
SATTE 2026 provides an ideal platform for Maharashtra to engage with tour operators, wholesalers, inbound travel agencies, and global industry professionals at a time when India’s tourism sector is experiencing robust growth. Maharashtra has emerged as India’s top-ranked state for foreign tourist arrivals, accounting for 17.69% of all foreign tourist arrivals in India in 2024. The state welcomed approximately 3.705 million international visitors in 2024 – a remarkable surge from 3.388 million in 2023 and 1.512 million in 2022, underscoring the state’s accelerating appeal. With a sustained focus on responsible and sustainable tourism – as recently recognised at the Indian Responsible Tourism State Awards 2026 – Maharashtra Chapter – the state is well-poised to attract discerning travellers seeking authentic, inclusive, and meaningful experiences.
SATTE 2026 is a key milestone in Maharashtra’s ongoing efforts to promote its diverse tourism landscape to global audiences. Attendees are invited to visit the Maharashtra Stall at B310, Hall 1 and discover how Maharashtra offers truly unlimited possibilities — from the historic hill and sea forts of Chhatrapati Shivaji Maharaj and the serene backwaters of the Konkan coast, to the thriving wildlife of Tadoba and the cultural vibrancy of cities like Mumbai, Pune, and Chhatrapati Sambhajinagar (formerly Aurangabad). B2B meetings at the event will help build sustainable partnerships that benefit local communities and visitors alike.
Speaking to the media, Sri. Shambhuraj Desai, Minister of Tourism, Government of Maharashtra, said, “Maharashtra’s presence at SATTE 2026 is our vision of positioning the state as a global tourism powerhouse. With our ‘Unlimited’ potential – ranging from the legendary forts of Chhatrapati Shivaji Maharaj to our pristine Konkan coastline—we are proud to remain India’s top destination for international travelers. Our goal at this 32nd edition is not just to showcase our heritage, but to invite the world to witness a Maharashtra that is modern, sustainable, and culturally unmatched.”
On this Occasion, Sri. Sanjay Khandare, Principal Secretary, Tourism Department, said, “With Maharashtra accounting for nearly 18% of India’s foreign tourist arrivals, SATTE 2026 serves as a strategic bridge to further globalize our reach. We are focusing heavily on a diversified portfolio that includes MICE, eco-tourism, and adventure hotspots to ensure Maharashtra remains an all-season destination. By engaging with over 50 countries here at Yashobhoomi, we aim to forge long-term B2B partnerships that will drive high-value, responsible tourism growth across our urban and rural circuits.”
Speaking to the media, Dr. B.N.Patil, IAS, Director, Directorate of Tourism (DoT), said, “Our pavilion at SATTE 2026 is designed to be an immersive experience, reflecting the authentic and inclusive spirit of Maharashtra. Following our recent recognition at the Indian Responsible Tourism State Awards, we are eager to highlight our community-based experiences and UNESCO World Heritage Sites like Ajanta and Ellora. We invite all industry stakeholders to visit us at Stall B310 to explore how our tailored itineraries and innovative tourism products can create meaningful value for travelers and local communities alike.”
On this Occasion, Sri. Neelesh Gatne, Managing Director, MTDC, said, “Our mission is to translate Maharashtra’s vast potential into world-class guest experiences. For SATTE 2026, we are showcasing a revamped hospitality infrastructure—from our heritage properties to new boutique eco-resorts – that caters to the modern traveler’s demand for authenticity and comfort. By integrating digital-first booking systems and specialized packages for the MICE and wedding segments, we are ensuring that our B2B partners have a robust, reliable foundation to bring the world to Maharashtra. We aren’t just selling destinations; we are offering the soul of ‘Majha Maharashtra’ through sustainable and community-driven hospitality.”
The Maharashtra Pavilion will feature engaging elements including audio-visual displays on LED screens, curated promotional materials on flagship initiatives such as eco-tourism, rural and community-based experiences, adventure tourism, and MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities – reinforcing Maharashtra’s credentials as a world-class, all-season destination.
24, Feb 2026
Indraprastha Apollo Hospitals Launches Varian Edge Radiosurgery System with Hyperarc Technology, Advancing Precision Cancer Care
New Delhi, Feb 24: Indraprastha Apollo Hospitals has launched the Varian Edge® Radiosurgery System with Hyperarc Technology, strengthening its advanced cancer care capabilities and expanding treatment options for complex and hard-to-reach tumours.
The introduction of the Varian Edge® system marks a significant milestone in radiation oncology, combining precision and advanced motion management to deliver highly targeted radiation therapy while minimising exposure to surrounding healthy tissue. The technology enables doctors to treat tumours even as they move during breathing, ensuring consistent accuracy throughout treatment.
The platform also supports advanced motion-management techniques such as Deep Inspiration Breath Hold (DIBH), which is particularly beneficial in left-sided breast cancers by helping reduce radiation exposure to the heart. Its enhanced imaging clarity further strengthens precision in abdominal, liver, lung, gastrointestinal and genitourinary tumours, where internal organ movement and gas interference can otherwise impact treatment accuracy.
A key clinical advantage of the Varian Edge® platform is its ability to treat multiple metastases in a single session, often reducing overall treatment time to less than one-third of conventional LINAC or SRS treatments. The system’s synchronised movement of the radiation beam and treatment couch allows for continuous, precise radiation delivery, resulting in fewer radiation “hits” and improved patient comfort.
Dr G K Jadhav, Senior Consultant, Radiation Oncology, noted:
“The Varian Edge platform gives us a sharper and more versatile tool to manage a wide spectrum of tumours from tiny lesions to large, complex cases, even in challenging locations. It meaningfully expands our treatment options and enhances clinical outcomes.”
Dr Sapna Manocha Verma, Senior Consultant, Radiation Oncology, Indraprastha Apollo Hospitals, added:
“What sets apart this technology is the radiation beam continuously tracks and adjusts to the tumour’s position, even as it shifts during breathing, while surrounding healthy tissue is carefully protected. The platform also supports advanced motion-management techniques such as Deep Inspiration Breath Hold (DIBH), which is particularly beneficial in left-sided breast tumours and in select liver and lung tumours. For patients, this translates into shorter treatment times, fewer side effects, and faster recovery.”
Dr Robin Khosa, Senior Consultant, Radiation Oncology, Indraprastha Apollo Hospitals, said:
“The Varian Edge® Radiosurgery System with Hyperarc Technology represents a major advancement in precision radiation therapy. Its ability to track tumours in real time and deliver radiation with submillimetre accuracy allows us to treat complex cases including multiple brain metastases and tumours previously considered difficult or untreatable with greater safety and confidence.”
The launch was also marked by the presence of Dr Mano Bhadauria, Senior Consultant, Radiation Oncology; Dr Aditi Agarwal, Senior Consultant, Radiation Oncology, Indraprastha Apollo Hospitals; and Dr Devashish Tripathi, Senior Consultant in Radiation Oncology at Apollo Hospitals, New Delhi.
The system is particularly impactful in treating tumours located in delicate or hard-to-reach areas, where precision and motion management are critical. Enhanced imaging quality, sharper resolution, and improved accuracy enable clinicians to reduce treatment margins, safely deliver higher radiation doses when required, and potentially improve cure rates while lowering normal tissue toxicity.
With the launch of the Varian Edge® Radiosurgery System, Indraprastha Apollo Hospitals continues to reinforce its commitment to combining cutting-edge technology with deep clinical expertise. Backed by a multidisciplinary team of oncologists, neurosurgeons, physicists, and radiation specialists, the hospital remains focused on pushing the boundaries of what is possible in cancer care ensuring better outcomes, fewer side effects, and more time for patients to focus on living.
24, Feb 2026
Škoda Auto Volkswagen India starts production of the new Škoda Kushaq at Pune Plant
Pune, Feb 24: Škoda Auto Volkswagen India Private Limited (SAVWIPL) has marked a key milestone in India with the start of production of the new Kushaq at its world-class Chakan plant in Pune. Built on the Group’s ‘Make in India, for India and the world’ vision, the SUV reflects the evolving aspirations of customers in India and markets around the world.
As a catalyst for the Group’s focus on high localisation, low ownership costs, and quick turnaround times, the Kushaq was the first model under the INDIA 2.0 strategy – designed specifically for India’s versatile driving conditions and diverse customer needs. The new Kushaq blends refined European driving dynamics, advanced equipment, passenger comfort, and safety with compelling value.
Andreas Dick, Škoda Auto a.s. Board Member for Production and Logistics, said, “For us, the Kushaq holds a very special place as the first car developed specifically for a market outside Europe and born from true collaboration between India and the Czech Republic. The start of production of the new Kushaq in Pune in such a short span of time highlights how strongly India is integrated into our global manufacturing ecosystem. The robust production quality, combined with the continuous improvement in our processes, allows us to deliver feature-packed vehicles that meet domestic expectations and international standards. Kushaq’s continued success underlines how India is not only a key growth market but also an increasingly important production and export base for our global operations.”
Piyush Arora, Managing Director & CEO, Škoda Auto Volkswagen India Private Limited, said, “The new Kushaq is an evolution and continues to be a key pillar in our mission to bring European engineering excellence within reach of Indian families. This SUV embodies our DNA with its robust design, advanced features and uncompromising safety. Listening closely to our customers, we have added several premium features such as a Panoramic Sunroof, rear-seat massage function and a new 8‑speed automatic transmission option, making it an even more compelling offering. With the start of production, we reaffirm our long-term commitment to India and to positioning it as a strategic manufacturing hub. We are confident that the new Kushaq will continue to delight customers and increase its fanbase in India.”
Ashish Gupta, Brand Director, Škoda Auto India, said, “The Kushaq has been a transformative product for Škoda in India. As our first model under the INDIA 2.0 strategy, it marked the beginning of a new chapter, one that combined high localisation, world-class manufacturing at Pune, a deep understanding of Indian customers, and our commitment to democratising technology for the Indian market. With the new Kushaq, we are further building on that strong foundation, delivering European driving dynamics and 5-star safety that customers associate with Škoda. This is the start of our product offensive for this year, as we expand our product range in line with evolving customer demands. Alongside our product expansion, we will continue our focus on growing our network, maintaining a service-first approach, and establishing a differentiated brand, reinforcing our strategy of building trust and driving excellence.”
Over the years, the Kushaq has built a reputation for driving dynamics, creature comfort and solid safety, making it a dependable choice in India and international markets. The SUV has played a pivotal role in SAVWIPL’s growth in India and is a key contributor to the Group’s record-breaking 117,000 units sold in 2025.
The new Kushaq made its world premiere in January 2026, with deliveries set to begin in March. The overwhelming pre-booking response to the new Kushaq further reinforces customer trust in the marque.
24, Feb 2026
AD Ports Group Marks Groundbreaking of Strategic LPG Storage Terminal at Khalifa Port in Partnership with Nimex Terminals
Abu Dhabi, UAE – 24 February 2026: AD Ports Group (ADX: ADPORTS), a leading global enabler of trade, industry, and logistics solutions; and Nimex Terminals today marked the groundbreaking of the UAE’s first private-sector Liquified Petroleum Gas (LPG) terminal hub at Khalifa Port, reinforcing the nation’s position as a global energy logistics and trading hub.
Announced in November 2025 in parallel with the LNG terminal hub development, the LPG terminal hub is being developed to accommodate large, long-haul gas carriers and will deliver large‑scale refrigerated storage and marine handling infrastructure for propane, butane, and LPG mix products.
The development will further strengthen the UAE’s role in facilitating global LPG flows between major production centres and high‑growth demand markets across Asia, Africa and Europe.The facility will expand Khalifa Port’s energy infrastructure capabilities to meet the evolving demands of international energy trade.
Saif Al Mazrouei, CEO, Ports Cluster – AD Ports Group, said: “The Nimex LPG terminal exemplifies the type of high‑quality strategic infrastructure investment that strengthens the port’s energy ecosystem and reinforces its position as a leading regional and international gateway. This development reflects a shared commitment to disciplined execution, operational excellence, safety and long‑term value creation.”
Phase 1 of the development will comprise two full‑containment refrigerated storage tanks of 50,000 and 67,000 cubic metres for propane and butane respectively, together with four mounded LPG bullet tanks with an aggregate capacity of 21,000 cubic metres for mixed LPG products. A similar expansion is planned under Phase 2, bringing total terminal capacity to approximately 280,000 cubic metres.
The project also includes the construction of dedicated LPG jetties with a 16‑metre depth, enabling efficient berthing and handling of large‑scale LPG carriers and supporting seamless maritime trade flows. Phase 1 is expected to be commissioned within 36 months from the commencement of construction.
Azmat Mahmood, Chairman – Nimex Terminals, said: “Today’s groundbreaking represents a defining milestone for Nimex Terminals. Our vision is to build a resilient, world‑class LPG logistics platform that connects global supply with regional demand through Abu Dhabi. We are proud to work alongside AD Ports Group in delivering strategic infrastructure that supports trade growth, enhances energy connectivity, and underpins the UAE’s role as a trusted global energy hub.”
The terminal will be developed and operated in accordance with the highest international standards for safety, environmental stewardship, and operational excellence. Safety has been embedded into the project from inception, with full-containment tanks and mounded LPG bullet storage selected to enhance protection, mitigate risk, and ensure long-term operational reliability.
The Nimex LPG terminal will strengthen regional energy security and storage resilience, providing traders and industrial users with enhanced flexibility and optionality, while supporting the continued growth of Khalifa Port as a multi‑commodity gateway. The project reflects growing private‑sector investment in advanced energy infrastructure aligned with the UAE’s long‑term trade and logistics ambitions
24, Feb 2026
Coventry University Group’s India Hub strengthens research partnerships through collaboration in AI, clean tech and healthcare
Coventry University Group’s India Hub is hosting a week of high-powered engagements with strategic research partners, government and industry stakeholders to explore priority themes including artificial intelligence (AI) and data science, healthcare and clean growth.
A delegation from Coventry University Group’s senior research leadership team led by Professor Richard Dashwood, Deputy Vice-Chancellor (Research), and including Professors Elena Gaura, Carl Perrin and Rohit Bhagat travelled to India to deepen those strategic partnerships.
Over the past year the education group has developed a growing portfolio of collaborations with leading Indian institutions, including IIT Guwahati and GITAM, translating global engagement into real-world research impact and harnessing strategic relationships to create tangible research activity and joint programmes.
Caption: Coventry University’s delegation meets with representatives of IIT Delhi
Coventry University Group and IIT Guwahati formalised their collaboration through a Memorandum of Understanding, enabling joint research, co-funded PhDs, staff and student mobility, and community engagement projects.
Coventry University Group and IIT Delhi held a Winter School centred on energy storage, green hydrogen and the application of AI and machine learning in material development, characterisation and data analytics. This will further strengthen knowledge exchange and open avenues for exploring joint supervision models and collaborative research in those areas.
The India Hub is playing a central role in strengthening academic, research and innovation partnerships with India in areas such as AI, healthcare innovation and societal wellbeing, as well as supporting Coventry University Group’s growing footprint in doctoral education, researcher development and innovation capacity-building.
Through its partnership with GITAM, the Group has established a dual-award PhD programme, with the first cohort of candidates already enrolled across projects spanning health technologies, clean growth and creative disciplines.
As part of the visit the delegation will also be engaging with government agencies, industry and various research institutes to advance joint initiatives in India across a range of stakeholders.
Professor Richard Dashwood, Deputy Vice-Chancellor (Research) at Coventry University, said: “Our research always comes with a real-world change in mind and working alongside institutions and partners in India we can have a lasting impact on areas such as clean tech, AI and healthcare. This visit highlighted the importance of multi-disciplinary research, ethical frameworks and real-world validation, and demonstrated how UK–India collaboration can accelerate progress in these areas.”
Yashodhara Dasgupta, Regional Managing Director of Coventry University Group’s India Hub, said: “The India Hub exists to turn relationships into outcomes. Whether through joint PhDs, research-led training or policy-facing dialogue, our focus is on creating platforms where UK and Indian expertise can come together to address real-world challenges and deliver shared value.”
24, Feb 2026
RAKEZ marks groundbreaking of Indu’s logistics facility in Al Hamra Industrial Zone
Ras Al Khaimah, Feb24: Ras Al Khaimah Economic Zone (RAKEZ) marked the groundbreaking of a new 5,839 m² warehousing facility by Indu, a multi-industry-focused logistics and warehouse solutions provider, at Al Hamra Industrial Zone.
The ceremony was attended by senior RAKEZ representatives, including Ian Hunt, Chief Experience Officer; Alia Rabbani, Key Accounts Director; and Mohamed Ismayil, Senior Manager – Key Accounts.
The new development will deliver advanced warehousing solutions with a projected capacity of 12,000 m³. Designed to serve fast-moving consumer goods (FMCG), hotel supplies, and food supplies, the facility will primarily support the F&B sector across the Northern Emirates by providing specialised storage solutions.
Scheduled for completion in the fourth quarter of 2026, the project forms a key part of Indu’s broader expansion strategy to evolve into a multi-industry-focused logistics provider, capitalising on Ras Al Khaimah’s accelerating economic growth and rising demand across key sectors.
Commenting on the milestone, Kush Kishore Lakhani, Managing Director at Indu, said, “Indu has always followed the ‘Build It and They Will Come’ approach. This strategic investment reflects the notable rise in activity across Ras Al Khaimah and the growing demand for advanced logistics solutions, particularly in the FMCG and F&B sectors. By establishing this facility, we are strengthening our footprint in the Northern Emirates and positioning ourselves to support the region’s continued economic and tourism-driven growth. The proactive support we received from RAKEZ, from application to construction permits, has been instrumental in helping us stay on track and execute this investment with confidence.”
Ramy Jallad, Group CEO of RAKEZ, added, “Indu’s investment reinforces Ras Al Khaimah’s position as a growing logistics and distribution hub serving key sectors across the Northern Emirates. As demand rises across FMCG, hospitality, and food supply chains, scalable warehousing infrastructure becomes increasingly vital. At RAKEZ, we remain committed to providing investors with the industrial land, streamlined processes, and end-to-end support needed to accelerate their growth and deliver long-term value to the wider business ecosystem.”
The facility’s development comes amid sustained expansion in Ras Al Khaimah’s tourism and hospitality sectors, further strengthening the emirate’s supply chain capabilities and enhancing its industrial ecosystem.
24, Feb 2026
Hexagon’s Xwatch Safety Solutions and RodRadar Unveil Industry- First Safety-Grade System for Utility Strike Prevention
LAS VEGAS, NV – Feb 24 – Xwatch Safety Solutions, part of Hexagon, a leader in excavator safety systems, and RodRadar, developer of the field-proven Live Dig Radar (LDR), today announced the industry’s first safety-grade solution for preventing underground utility strikes. The integrated system, set to be demonstrated at ConExpo-Con/Agg 2026 (March 3-7, Las Vegas), automatically stops excavator bucket movement when subsurface utilities are detected during active excavation, making RodRadar’s Zero-Strike vision a reality.
Underground utility strikes remain among the most persistent safety and financial challenges in construction. In the United States, one to two strikes occur every minute, with over 400,000 incidents reported annually, costing the economy approximately $30 billion each year and contributing to thousands of injuries and hundreds of fatalities over the past two decades.
Nearly 50% of strikes occur because utilities were not located or were mis-located, and in 64% of incidents the buried infrastructure was more than two feet outside the marked area.
RodRadar’s AI-driven Live Dig Radar digging system uses the first-ever ground-penetrating radar (GPR) embedded directly in an excavator bucket to detect underground utilities in real- time, during excavation, without reliance on pre-project utility data. Through the RodRadar- Xwatch integration, LDR detected utilities trigger an automatic bucket stop via Xwatch’s safety- grade hydraulic control system to prevent it from hitting the utility.
The integration represents a fundamental step in excavation safety. The approach is analogous to the automotive industry’s evolution from Advanced Driver Assistance Systems (ADAS) that merely warn drivers, to autonomous emergency braking that actively prevents collisions: the integrated system takes direct action, delivering what RodRadar terms Stop-Before-Strike (SBS), while operators retain override capability.
Xwatch Safety Solutions brings long-standing experience in safety-grade excavator control to this partnership. With over 6,500 systems installed worldwide, the company is a global leader in excavator safety technology, providing height and slew control through proportional hydraulic intervention. Acquired by Hexagon AB in April 2024, Xwatch operates within Hexagon’s Safety, Infrastructure & Geospatial division, alongside Leica Geosystems and IDS GeoRadar.
“RodRadar has solved the detection problem during excavation,” said Dan Leaney, Director of Sales at Xwatch Safety Solutions. “By integrating their Live Dig Radar technology directly into our safety-grade hydraulic control, we can physically stop the machine before a strike occurs. That’s the difference between warning about a risk and actually preventing it.”
“Xwatch’s proven track record in safety-grade hydraulic control makes them an ideal partner to bring our Zero-Strike vision to reality,” said Yuval Barnea, VP of Sales and Marketing at RodRadar. “The integration further closes the safety gap, transforming LDR detections into automatic strike prevention and delivering the industry’s first-ever SBS solution. We envision this to be recommended and mandated by leading industry stakeholders, project owners, and contractors.”
Construction safety remains a critical industry concern, with 1,075 fatalities recorded in U.S. construction in 2023, the highest figure since 2011; struck-by incidents account for approximately 15.4% of those fatalities. The integrated solution aims to establish Zero-Strike Excavation as the new industry standard, with the potential to become mandated on job sites where underground utilities are present.
24, Feb 2026
Utkarsh Small Finance Bank and Kotak Life Announce Strategic Partnership to Drive Life Insurance Penetration || Press Release
Mumbai, Feb 24: Utkarsh Small Finance Bank Limited (“Utkarsh SFBL”) today announced a strategic partnership with Kotak Mahindra Life Insurance Company Ltd (“Kotak Life”), marking a significant milestone in the Bank’s product expansion strategy. This collaboration significantly strengthens Utkarsh SFBL’s life insurance vertical, integrating Kotak Life’s comprehensive suite of products across the Bank’s 1105 banking outlets spanning 27 states and union territories.
The tie-up plans to benefit 51.4 lakh customers of Utkarsh SFBL that will offer a wide range of tailor-made life insurance products and solutions provided by Kotak Life, including protection, savings, unit-linked and retirement.
Speaking on the partnership, Mr. Govind Singh, Managing Director & CEO, Utkarsh Small Finance Bank Limited, said:
“This partnership reinforces our commitment to delivering holistic financial solutions to our customers. By collaborating with Kotak Life Insurance, we are creating a robust platform that offers access to a wide array of Life Insurance products from leading insurers. This enables our customers to choose solutions that are best suited to their individual needs, preferences and life stages, while enhancing financial security that best suits their unique needs and financial goals”.
Mahesh Balasubramanian, Managing Director, Kotak Mahindra Life Insurance Company Limited, said,
“At Kotak Life, we firmly believe that life insurance is a necessity for every Indian. We are committed to IRDAI’s vision of ‘Insurance for All’ and our collaboration with Utkarsh Small Finance Bank is a step in that direction. Through this partnership, we aim to extend our reach to untapped segments of the population by leveraging the bank’s customer network and our life insurance expertise to provide financial security to Utkarsh SFBL’s customers.”
This partnership will enable Utkarsh SFBL’s customers to access a wider range of life insurance offerings, which can be delivered through multiple channels such as branches, Internet Banking, Mobile Banking, UPI and assisted-digital platforms.
Kotak Life has secured over 5 crore active lives, reflecting its consistent track record of delivering financial security to policyholders, an assurance that will now extend to the customers of Utkarsh SFBL.
