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Delphi World Money acquires equity stake in Ebix Travel Pvt Ltd.

New Delhi, September 24, 2025: In a decisive and strategic move, Delphi World Money Limited has acquired a substantial equity stake, along with management control, in Ebix Travels Private Limited, a prominent player in online travel services within the Ebix Group. This initiative elevates Delphi beyond its existing financial services businesses, transforming it into a comprehensive travel ecosystem that seamlessly integrates forex expertise with a broad spectrum of travel and tourism services – including airline ticketing, luxury experiences, curated holiday packages, MICE services, and more.

Inspired by globally successful integrated models, this transformation aims to create a vertically unified platform delivering efficient, intelligent, and memorable travel experiences for both individual and institutional clients, while unlocking substantial long-term strategic financial value.

Commenting on the announcement, Dr. Vikas Garg, Chairman at the Ebix Group, said, “At Ebix Group, we are committed to redefining the travel and hospitality experience by combining technology, strategic partnerships, and exceptional service. Our aim is to deliver seamless, world-class offerings, from luxury travel and experiential journeys to corporate and institutional solutions, while creating meaningful value for travellers, aspiring youth, digital innovators, and forward-looking investors. Delphi represents the convergence of travel, finance, and technology, unlocking opportunities that shape the future and elevate experiences globally.”

Delphi embarks on this transformative journey from a position of strength, as an RBI-authorized Category II Authorized Dealer, with rigorous compliance and risk management frameworks that underpin its operations. Delphi’s deep expertise in foreign exchange and cross-border remittance services naturally complements its growing travel portfolio, enabling a seamless customer experience across booking, travel, and currency exchange.

This regulatory and operational foundation not only reinforces trust and confidence among clients but also enables Delphi to innovate with integrated, technology-driven solutions that redefine convenience in global travel.

Creating sustainable long-term value, this strategic realignment offers a compelling opportunity where regulatory strength, scalable digital platforms, and favourable industry dynamics converge to build enduring enterprise value. Under this, Delphi’s strategic roadmap includes – strengthening its equity position in Ebix Travels through further investments and equity-linked instruments; pursuing seamless operational integration; driving growth through technology-enabled platforms, cross-selling financial and travel products, and deepening customer engagement.

By orchestrating this comprehensive consolidation, Delphi is poised to lead an integrated travel and financial services powerhouse – echoing globally admired models that have redefined industries.

AISECT Expands Global Reach with Strategic MoUs in Tanzania, Boosting Future-Ready Skills

AISECT Strengthens Global Outreach with Strategic MoUs in Tanzania, Unlocking New Avenues for Future-Ready Skills

India, 24th September,2025: In a significant step towards expanding its global footprint, AISECT has formalised two strategic Memoranda of Understanding (MoUs) in Tanzania, East Africa. The partnerships aim to foster international academic collaboration and deliver globally relevant, industry-ready skill programs for African youth.

A high-level AISECT delegation led by Mr. Mukesh Sharma, Vice President, International Division, and Mr. Abhishek Gupta, General Manager, AISECT, engaged with university leaders, government representatives, and industry stakeholders in Tanzania to explore opportunities that will connect learners to future-ready skills and global job markets.

Key Agreements Signed:

• Dar es Salaam Tumaini University (DarTU): Introduction of digital and future skills courses tailored to Africa’s evolving employment landscape, along with faculty recruitment support in specialised fields such as Law and Mass Communication.
• Kampala International University in Tanzania (KIUT): A comprehensive academic collaboration framework including faculty and student exchange, curriculum co-development, and joint delivery of certification programs in healthcare, business management, and entrepreneurship.

Discussions were also initiated with the University of Dar es Salaam (UNDS) to pilot vocational training and digital literacy programs. In addition, AISECT explored collaborations with HR agencies and education partners to strengthen outreach, job placement, and industry linkages in East Africa.

Speaking about this, Dr. Siddharth Chaturvedi, Executive Vice President, AISECT, said:“Our collaborations in Tanzania are more than academic agreements, they are strategic pathways to link African youth with the skills, certifications, and industry exposure they need to thrive in the global economy. This has opened concrete avenues for joint training programs, faculty development, and entrepreneurship incubation that will have lasting socio-economic impact.”

Since its inception in 1985, AISECT has been dedicated to bridging the skills gap by delivering affordable, quality education and livelihood opportunities. With a presence in 40,000+ centers, impacting over 60 lakh individuals, and partnerships with 12 Central Ministries, 21+ State Skill Development Missions, and 29 Sector Skill Councils, AISECT continues to expand its impact globally. Collaborations with organisations such as Microsoft, UNDP, UNICEF, Welspun, Genpact, Nasscom Foundation, and ITC further reinforce its commitment to building inclusive, future-ready learning ecosystems.

The Tanzania agreements mark a decisive move towards creating a globally interconnected skilling ecosystem, one that transcends borders, shares knowledge, and builds human capital for sustainable economic growth.

New academic appointments reinforce Glion’s research ambitions post-Swiss accreditation

India, 24 September 2025: Glion Institute of Higher Education is pleased to announce a series of strategic appointments that support its academic development and international positioning. Two new faculty members have joined the institution in Switzerland : Dr. Evrim de Groot and Dr. Alessio Delpero, while Vaibhav Rustagi has been appointed as the new Campus Director of Glion London.

These additions reflect Glion’s strengthened commitment to academic excellence, global engagement, and industry-relevant education, following its recent recognition as a Swiss University of Applied Sciences Institute.

Bringing new depth to luxury and innovation research

Dr. Evrim de Groot joins Glion as Assistant Professor, bringing expertise in luxury business management. She holds a PhD from HEC Lausanne, where she researched evolving forms of luxury and lectured at Master’s level. At Glion, she teaches in the Luxury Brand Strategy specialisation and contributes to the school’s research in luxury and lifestyle studies.

Dr. Alessio Delpero, Associate Professor of Strategic Management and Innovation in Hospitality, combines entrepreneurial experience with an academic career. He previously taught at Bocconi and WU, focusing on strategy, entrepreneurship, and AI in business. His research examines how digital technologies shape innovation, while at Glion he leads courses in research methods and advances the institution’s work on strategy and innovation.

Strengthening global leadership at Glion London

In London, Glion welcomes Vaibhav Rustagi as Campus Director. Vaibhav brings over 18 years of international experience in luxury hospitality and higher education, with a strong background in strategic planning, partnerships, sales, and experiential learning. Most recently at Northeastern University London, he led employer and alumni engagement initiatives, creating startup ecosystems and forging meaningful links between students and industry.

Prior to this, Vaibhav held several senior leadership positions at Hult International Business School, where he oversaw global employer and alumni relations, led the Hult Founder Lab, and served as Campus Director for the Hult Prize. His earlier career in luxury hospitality includes management roles with prestigious brands such as Jumeirah and Le Meridien in London.

An alumnus of Glion, Vaibhav holds an MBA from Hult and degrees in hospitality management from both TVU and Glion, along with an executive strategy certificate from Ashridge Business School. In his new role, he will focus on enhancing the student experience, strengthening industry connections, and supporting Glion London’s growth and reputation.

Commenting on his appointment, Vaibhav Rustagi said :“Returning to Glion in this leadership role is both a professional milestone and a personal honour. As someone who has experienced the transformative power of a Glion education first-hand, I am committed to building a vibrant, connected, and industry-driven community in London that reflects Glion’s values and global outlook.”

Advancing Glion’s academic journey

These appointments coincide with a major institutional milestone. In July 2025, Glion was awarded official recognition as a University of Applied Sciences Institute by the Swiss Accreditation Council. This accreditation follows a rigorous two-year process and marks Glion’s compliance with the Swiss Higher Education Act (HEdA) and European Standards and Guidelines (ESG). It positions Glion to expand its academic mobility, research capacity, and international collaborations.

The addition of Dr. de Groot, Dr. Delpero, and Mr. Rustagi not only broadens Glion’s academic and leadership capabilities but also supports its enhanced focus on research, innovation, and global reach.

Philippe Vignon, Managing Director of Glion, commented: ” As we enter a new chapter following our Swiss accreditation, attracting exceptional academic and leadership talent is central to our mission. Dr. de Groot and Dr. Delpero bring unique perspectives and strong research expertise that will enrich our academic offering, while Vaibhav Rustagi’s international experience and deep industry connections will strengthen our London campus. Together, their contributions will ensure Glion continues to deliver an education that combines academic excellence, innovation, and a truly global outlook.”

With these strategic appointments, Glion continues to solidify its reputation as a global leader in hospitality and luxury education, underpinned by research excellence and academic innovation.

Shri BT Nagaraj Reddy, MD of M5 Mahendra Group, Honoured as Visionary Leader of the Year in Real Estate

Bangalore, September 24, 2025: Shri BT Nagaraj Reddy, Managing Director of M5 Mahendra Group was conferred with the prestigious Visionary Leader of the Year in Real Estate Award at the Nation Builders Excellence Awards 2025, held in Mumbai on September 18, 2025. The awards, organized by Outlook Business, celebrate excellence and innovation in various sectors by honoring individuals and organizations making a lasting impact.

The recognition celebrates his visionary leadership, and steadfast dedication to expanding quality housing and real estate accessible to many. His transformative initiatives and strategic direction have not only strengthened M5 Mahendra Group’s presence across Bengaluru but also created a lasting impact on the broader real estate landscape, setting new benchmarks for innovation, quality, and social responsibility.

On receiving the award, Shri BT Nagaraj Reddy, Managing Director, M5 Mahendra Group, said, “This recognition is not only a personal honour but a collective achievement of the entire M5 Mahendra Group family. It reaffirms our commitment to shaping India’s infrastructure and real estate landscape with integrity, innovation, and responsibility. For us, building homes and communities is much more than business – it is about creating lasting value, improving quality of life, and contributing to nation-building. This award inspires us to continue striving for excellence while upholding the trust and expectations of the communities we serve.”

Shri B. T. Nagaraj Reddy brings over four decades of expertise in building a robust, backward-integrated organization across construction, commercial and residential real estate, finance, agriculture, and social welfare. Under his visionary leadership, the M5 Mahendra Group has expanded across multiple verticals, establishing a strong presence in housing, infrastructure, cement, aggregates, agri-business, retail, precast technology, financial services, and philanthropy. Through these ventures and initiatives, he has positioned the Group as one of Bengaluru’s most dynamic and trusted conglomerates forward-looking, innovative, and built for tomorrow.

M5 Mahendra Group :

M5 Mahendra Group is a diversified business conglomerate with over three decades of legacy in shaping South India’s growth story. With businesses spanning infrastructure, real estate, retail, finance, agriculture, and social impact, the Group is recognized for its innovation, quality, and community-first values. Its infrastructure arm – Bharath Cement Products and Bharath Blue Metals – delivers high-quality RMC, aggregates, and precast solutions that power construction excellence. Through Mahendra Homes and Mahendra Arto, the Group has redefined urban living with sustainable residential communities, while M5 Ecity, South Bangalore’s largest lifestyle destination, is transforming retail and entertainment. Extending its vision beyond business, the Group fosters eco-conscious farming, financial inclusion, and social impact, building sustainable futures for communities, customers, and partners.