Category Archives: News

Digital Savings Gets a Boost as PhonePe Launches FD Booking Facility

New Delhi, Aug 6: Digital payments platform PhonePe has expanded its financial services portfolio by launching fixed deposit (FD) distribution on its app, allowing users to compare and book deposits from partner banks and non-banking financial companies (NBFCs) through a fully digital process.

The new feature enables customers to explore multiple fixed deposit options, compare interest rates and investment periods, and complete the booking process without paperwork. The move aims to make traditional savings products more accessible and convenient for digital users.

Along with fixed deposits, PhonePe has introduced a Daily Recurring Deposit (RD) facility in partnership with Shivalik Small Finance Bank, allowing users to build savings through daily investments starting from ₹100.

The Daily RD product is designed to encourage small and regular savings by allowing users to automate daily contributions through UPI Autopay. Customers can invest between ₹100 and ₹1,000 per day based on their financial goals.

PhonePe said users will have flexibility with the Daily RD option, including the ability to withdraw funds after seven days and manage their UPI mandate according to their requirements. A grace period for missed investments has also been introduced to provide additional convenience.

Under the FD facility, customers can manage deposits from multiple partner institutions through a single platform. Deposits placed with eligible partner banks will receive insurance coverage of up to ₹5 lakh under the Deposit Insurance and Credit Guarantee Corporation (DICGC) framework, subject to applicable guidelines.

Users can access the FD and Daily RD services through the “Mutual Funds & Deposit” section on the PhonePe application. The process includes selecting a financial institution, choosing the deposit amount and tenure, completing digital verification and making payments through online payment options.

The launch reflects the growing shift towards digital financial services in India, where consumers are increasingly adopting online platforms for savings, investments and personal finance management.

With the introduction of digital fixed deposits and small-ticket savings solutions, PhonePe aims to strengthen its role in expanding access to financial products and encouraging a culture of convenient digital savings.

Experts at Apollo Hospital, Bilaspur, Remove Esophagus Cancer, Create A New Food Passage Using Stomach

BILASPUR, India, Aug. 6, 2026 /PRNewswire/ — In a significant milestone for cancer care in Chhattisgarh, Apollo Hospital, Bilaspur has successfully performed a highly complex and challenging *Esophagectomy* on a patient diagnosed with cancer of the esophagus (food pipe).

The intricate surgery was led by Dr. Amol Padegaonkar, Surgical Oncologist, and his expert surgical team.

Esophagectomy is regarded as one of the most technically demanding procedures in onco-surgery. The patient was diagnosed with a 5cm long cancerous pipe with two positive Lymph nodes. Initially, the size was reduced with chemo-radiation and then operated. During the operation, the cancerous portion of the esophagus was removed, and a new food passage was created using the stomach. The procedure requires exceptional surgical expertise, a highly experienced anaesthesia team, advanced ICU infrastructure, and seamless coordination across multiple specialities. The total time taken was 1 month from the date of diagnosis.

Impact for Central India

The successful outcome of this surgery at Apollo Hospital, Bilaspur, marks a major advancement for healthcare in the region. Patients from Chhattisgarh and neighbouring areas can now avail advanced cancer care with world-class treatment in the State.

Emphasising on early diagnosis

Dr. Amol Padegaonkar said, “Early detection of esophagal cancer is critical for successful treatment outcomes. Symptoms such as persistent difficulty in swallowing, unexplained weight loss, a sensation of food getting stuck while eating, or frequent vomiting should not be ignored. Patients must consult a specialist immediately. When identified early, the prognosis is significantly better.”

Esophagectomy is a complex surgical procedure performed to remove all or part of the esophagus, most commonly for cancer of the food pipe. The affected part is removed, and the stomach is reshaped into a tube and brought up to restore continuity of the digestive tract. Modern esophagectomy is often performed using high-definition 3D imaging, advanced energy devices, and stapling technology, which help improve surgical precision, reduce blood loss, and support faster recovery.

This successful surgery not only underscores the clinical excellence of Apollo Hospital, Bilaspur, but also demonstrates that highly advanced and complex cancer surgeries can now be performed in Central India at par with global standards.

ABOUT APOLLO HOSPITALS

Apollo revolutionised healthcare when Dr. Prathap Reddy opened the first hospital in Chennai in 1983. Today, Apollo is the world’s largest integrated healthcare platform with over 10,400 beds across 76 hospitals, 7,113+ pharmacies, 308 clinics, 2,457 diagnostic centres, and 800+ telemedicine centres. It is one of the world’s leading cardiac centres, having performed over 3,00,000 angioplasties and 2,00,000 surgeries. Apollo continues to invest in research and innovation to bring the most cutting-edge technologies, equipment, and treatment protocols to ensure patients have access to the best care in the world. Apollo’s 1,20,000 family members are dedicated to delivering exceptional care and leaving the world better than we found it.

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SANY Expands Global Presence with Major Equipment Deliveries in South America and Thailand

SHANGHAI, Aug. 6, 2026 /PRNewswire/ — SANY Group recently achieved two major milestones in overseas markets, completing major equipment deliveries and securing new orders in South America and Southeast Asia. SANY Marine signed a procurement agreement with Hanseatic Global Terminals (HGT) to supply 26 units of port equipment for a South American container terminal, including six quay cranes and 20 rubber-tired gantry cranes (RTGs). Following the success of SANY Marine, SANY Heavy Industry delivered 40 units of SW970E electric wheel loaders (EWLs) to the world’s largest rice mill in Thailand.

From South American ports to Southeast Asian rice facilities, these deliveries reflect SANY’s continued investment in its global service network and its strategy of delivering efficient, reliable equipment tailored to the operational needs of customers in different markets.

Major Port Equipment Order Strengthens South American Port Operations

The equipment combines high efficiency, safety and sustainability to help HGT meet growing cargo volumes and evolving customer requirements. Dheeraj Bhatia, CEO of HGT, said, “The signing of this agreement marks a major milestone in our efforts to build a world-class port. SANY’s equipment will provide a solid foundation for safe and efficient port operations, helping us better serve our customers and contribute to regional economic growth.”

Zhou Guoyuan, Chairman of SANY Marine, stated that the agreement represents another milestone in SANY’s global expansion strategy. He added that SANY will continue leveraging its expertise in port and logistics equipment to help customers improve operational efficiency.  

Dual Electric Loader Lineup Supports Thailand’s Rice Industry

Thailand produces more than 20 million tons of milled rice annually, with exports consistently ranking among the world’s top three. Rice mills face demanding conditions, including high dust levels, continuous operations and busy work environments, requiring equipment with strong environmental performance, low noise and reliable all-day performance. The SW970E EWL was designed for rice mill operations, featuring extended runtime, zero emissions, low noise and enhanced protection.



The customer subsequently placed an additional order for 50 SW956E electric wheel loaders. Together, the SW956E and SW970E will handle material movement throughout the rice production process—from primary processing through final packaging—while accelerating the adoption of electric equipment across Thailand’s rice industry.

Looking ahead, SANY will continue expanding into global markets with efficient, environmentally responsible products that help drive the transition to more sustainable industrial operations.

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Clarivate Scales Agentic AI Across Cortellis to Advance Drug Development

Expanded capabilities across Cortellis portfolio help life sciences organizations turn trusted intelligence into action and accelerate decision making across the research and development lifecycle

LONDON, Aug. 6, 2026 /PRNewswire/ — Clarivate Plc (NYSE:CLVT), a leading global provider of transformative intelligence, today announced the expansion of agentic AI capabilities across the Cortellis portfolio, helping life sciences R&D teams accelerate discovery, strengthen safety assessment and make faster, more informed portfolio decisions. By embedding AI directly within existing workflows, the new capabilities enable researchers to reduce manual effort, navigate complexity and focus on higher-value scientific and strategic decisions.

The Cortellis suite of solutions combines trusted life sciences data, expert curation and AI to help R&D, portfolio strategy, business development and regulatory professionals act on intelligence across the drug development lifecycle. The latest AI capabilities help life sciences teams accelerate work across discovery, safety and portfolio strategy:

• Accelerating discovery decisions: New capabilities within Cortellis Drug Discovery Intelligence enable researchers to engage with complex drug intelligence through natural language, rapidly evaluate therapeutic landscapes, compare compounds and targets and prioritize promising opportunities. By reducing time spent gathering and synthesizing information, teams can focus more of their expertise on advancing the most compelling paths forward.
• Advancing proactive safety assessment: Enhanced capabilities within OFF-X introduce multi-agent intelligence that helps safety teams surface potential liabilities earlier, synthesize evidence more efficiently and support more proactive risk evaluation across development and post-market activities. These capabilities strengthen safety assessment while improving consistency and productivity.
• Strengthening competitive and portfolio strategy: New agentic workflows within Cortellis Competitive Intelligence help strategy and business development teams monitor evolving markets, assess competitive dynamics and evaluate external growth opportunities by transforming weeks of manual analysis into actionable intelligence delivered in hours.

Anne Lecocq, Senior Vice President and General Manager, R&D, Life Sciences & Healthcare, Clarivate, said: “In modern R&D, success depends on how quickly teams can translate complex data into decisive action. Cortellis is advancing this shift with agentic AI, evolving from insight delivery to workflow execution across the product lifecycle. Together, these innovations reflect the evolution of Cortellis from a trusted information source into a connected ecosystem of agentic capabilities that augment human expertise across the R&D lifecycle. Built on trusted data, it empowers teams to reduce friction, align decisions and act with precision in high-stakes environments.”

Powered by proprietary data, expert curation and embedded AI, Cortellis helps life sciences teams connect evidence, streamline complex workflows and move from insight to action with greater speed and confidence.

Learn how Cortellis combines trusted intelligence and agentic AI to accelerate decision-making across the R&D lifecycle, here.

About Clarivate

Clarivate is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit clarivate.com.

Media Contact

Catherine Daniel

Director, External Communications, Life Sciences & Healthcare, Clarivate

newsroom@clarivate.com 

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Hexaware Joins the Microsoft Intelligent Security Association (MISA)

MUMBAI, India, Aug. 6, 2026 /PRNewswire/ — Hexaware Technologies (NSE: HEXT), a global provider of IT solutions and services, today announced it has become a member of the Microsoft Intelligent Security Association (MISA), an ecosystem of leading software development companies and security services partners that integrate with Microsoft Security to help organizations stay ahead of evolving threats.

Hexaware’s end-to-end security solution for Microsoft Azure & Microsoft 365, listed on the Microsoft Marketplace, helps clients accelerate their Zero Trust journeys with unified Extended Detection and Response (XDR), Security Information and Event Management (SIEM), identity, and other cloud security capabilities. Built on Microsoft Security technology and powered by Hexaware’s Tensai® Security Ops frameworks, it delivers comprehensive security assessment, attack validation, and compliance-focused security analysis while leveraging industry best practices and frameworks. Hexaware’s solution was also validated by Microsoft experts, an important step in the MISA membership process.

Girish Ravindran, Executive Vice President – Digital IT Ops, Hexaware said, “Our inclusion in MISA reflects the cybersecurity capabilities we have built with Microsoft to help enterprises strengthen their security posture. This recognition highlights our continued focus on delivering security services that help customers address evolving cyber risks with greater confidence.”

“The Microsoft Intelligent Security Association has grown into a vibrant ecosystem comprising the most reliable and trusted security vendors across the globe,” said Maria Thomson, Director, Microsoft Intelligent Security Association. “Our members, like Hexaware, share Microsoft’s commitment to collaboration within the cybersecurity community to improve our customers’ ability to predict, detect, and respond to security threats faster.”

Established in 2018, MISA brings together Microsoft and trusted security partners to strengthen cyber resilience through partner innovation and Microsoft’s AI-powered security platform. Learn more at Microsoft Intelligent Security Association.

About Hexaware

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

Product or service names mentioned herein may be the trademarks of their respective owners.

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Novotel Bhubaneswar Janpath Appoints Neelabh Sahay as General Manager

Aug 6: A seasoned hospitality leader with over two decades of experience across luxury hotels and internationally renowned brands, Neelabh brings a proven track record in hotel operations, commercial strategy, pre-opening excellence, and people leadership. An alumnus of The Oberoi Centre of Learning & Development, he began his career with The Oberoi Hotels, where he developed a strong foundation in luxury hospitality and culinary excellence. Throughout his career, he has held leadership positions with The Oberoi Grand Kolkata, Trident Nariman Point, Novotel Kolkata Hotel & Residences, and most recently served as Director of Operations at Novotel Mumbai Juhu Beach.

Neelabh’s career is distinguished by a remarkable progression from culinary leadership to executive hotel management. Recognised as one of the youngest Executive Chefs at Novotel Kolkata Hotel & Residences, he has consistently demonstrated an ability to build high-performing teams, drive operational excellence, elevate guest satisfaction, and deliver strong commercial results. His achievements include leading award-winning culinary initiatives, successfully managing large-scale hospitality operations, and receiving the BW Hotelier Executive Chef of the Year – Eastern Region for his outstanding contribution to the industry.

As General Manager, Neelabh will oversee the pre-opening strategy and overall operations of Novotel Bhubaneswar Janpath. His mandate includes establishing robust operational systems, cultivating a culture of excellence, driving commercial performance, and delivering the contemporary, guest-centric experiences synonymous with the Novotel brand.

Commenting on his appointment, Neelabh Sahay, General Manager, Novotel Bhubaneswar Janpath, said:

“It is an honour to lead Novotel Bhubaneswar Janpath as we prepare to introduce the hotel to the city. My vision is to establish the property as Bhubaneswar’s preferred destination for business, MICE and leisure travellers by delivering thoughtful hospitality, exceptional service, and meaningful guest experiences. Equally important is creating an environment where our teams feel inspired, empowered, and equipped to excel, because outstanding hospitality begins with engaged people. I look forward to working closely with our teams, partners, hotel ownership, and Accor to create lasting value while contributing to the continued growth of Bhubaneswar’s evolving hospitality landscape.”

Drawing on the service philosophies of globally respected hospitality brands including The Oberoi, Trident and Accor, Neelabh’s leadership style is defined by operational rigour, strategic thinking, innovation, and a people-first approach. He is passionate about nurturing talent, fostering a culture of excellence, and delivering sustainable business growth. Outside of work, he enjoys reading, cooking, and exploring emerging technologies shaping the future of hospitality.

Under Neelabh’s leadership, Novotel Bhubaneswar Janpath is poised to make a strong market debut, bringing the brand’s signature blend of contemporary comfort, intuitive service, and world-class hospitality to Bhubaneswar while setting new benchmarks for business, MICE, and leisure travel in the region.

THE ADECCO GROUP HALF YEAR REPORT 2026

ZURICH, Switzerland, Aug. 6, 2026 /PRNewswire/ — The Adecco Group Half Year Report 2026 is now available in the Ad Hoc section of the Group’s website, which is directly accessible by clicking here. 

For further information, please contact:

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THE ADECCO GROUP Q2 2026 RESULTS

Disciplined execution driving strong profitable growth, operational efficiency and deleveraging

AD HOC ANNOUNCEMENT pursuant to Art. 53 Listing Rules of SIX Swiss Exchange

ZURICH, Switzerland, Aug. 6, 2026 /PRNewswire/ — HIGHLIGHTS

• Strong organic revenue growth of +5.6% TDA yoy
• Continued market share gains: Group +160 bps, Adecco +60bps vs key competitors
• Adecco GBU +6.6% yoy: Americas +12%, APAC +10%, and EMEA excl. France +8%
• Akkodis GBU +1% yoy, back to growth; LHH flat yoy, Professional Recruitment Solutions back to growth at +1%
• Gross margin 18.6%, with yoy comparison improving sequentially by 20 bps
• EBITA €165 million excl. one-offs, +21% yoy, consistent profitable growth
• EBITA margin 2.8% excl. one-offs, +30 bps yoy, reflecting strong operating leverage, with productivity +6% yoy and organic drop-down ratio of 64%
• Basic EPS €0.28; Adjusted EPS €0.61 +31%
• LTM cash conversion at 83%, good performance in a period of growth
• Continued deleveraging momentum, with net debt/EBITDA 0.5x lower yoy

Denis Machuel, Adecco Group CEO, commented:

“Our strategy, rigorous execution and client & candidate focus continue to deliver strong performance. Momentum carried through the first half, with a fifth consecutive quarter of growth, at 5.6% year-on-year, and a further 160 basis points of market share gain. Healthy gross margin combined with cost discipline is supporting stronger EBITA. We also continue to deleverage, with net debt to EBITDA ratio 0.5x lower than a year ago.

“Adecco had another excellent quarter, growing at 6.6%, with strong performance across our regions. LHH saw positive signs in permanent placement, with Recruitment Solutions returning to growth. Akkodis is also back to growth, with improving profitability.

“Within Adecco, our accelerated focus on technology-enabled productivity has already delivered our full-year target of 50% revenues being agent-enabled. We are now raising our ambition to 70% coverage by the end of the year.”

Full Press Release

Webcast Details | Investors & Analysts

For further information, please contact:

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IIFL Capital partners with Flytxt to leverage Agentic AI for sustainable AUM growth

MUMBAI, India, Aug. 6, 2026 /PRNewswire/ — Flytxt, a leading provider of Enterprise AI solutions for Marketplace Optimisation, today announced that IIFL Capital Services Limited, a full-service investment and wealth management firm, has adopted its award winning AI to strengthen investor engagement and accelerate Assets Under Management (AUM) growth through intelligent investment recommendations.

With over 15 years of AI innovation, Flytxt currently serves more than 80 enterprise customers across 50 countries, helping them transform customer data into actionable intelligence and driving measurable business outcomes.

As investor expectations continue to evolve, financial service providers are under increasing pressure to deliver highly relevant and timely investment guidance. By leveraging Flytxt’s AI platform, IIFL Capital can better understand investor behavior, identify emerging investment opportunities, and engage customers with recommendations aligned to their financial goals and investment preferences.

“Technology adoption has always been central to driving innovation at IIFL Capital. Our collaboration with Flytxt reflects our commitment to leveraging AI to deepen investor engagement and create greater value for our investors,” said Mrs. Jyotsna Solanki, Head Business Intelligence & Growth, IIFL Capital.

“AI delivers real-world impact only when it is trusted, transparent, and easy to use. That’s exactly what our partnership with IIFL Capital demonstrates. Powered by causal intelligence, our Agentic AI solutions enable enterprises to reason, decide, and act with greater autonomy to deliver measurable business outcomes,” said Dr Vinod Vasudevan, CEO, Flytxt.

This partnership reflects Flytxt’s growing presence in the financial services sector, where leading NBFCs, fintech firms, insurance companies, and retail banks globally are leveraging its AI capabilities to accelerate customer growth, enhance product innovation, streamline customer service and drive deeper customer engagement.

About IIFL Capital

IIFL Capital Services Limited (formerly IIFL Securities Limited) is a full-service broking and investment services firm operating in India. IIFL Capital offers broking services, wealth management, financial products distribution, institutional broking, research and investment banking services.

For more information, visit https://flytxt.ai/

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Vasuki India Raises ₹100 Crore from an NRI Investor, Extends Fund Raise until December’2026

MUMBAI, India, Aug. 6, 2026 /PRNewswire/ — Vasuki India has raised fresh funds of ₹100 crore under its second investment scheme, Vasuki XVI, from a single Non-Resident Indian (NRI) investor, underscoring growing confidence in the fund’s research-led and expertise-driven investment approach.

Vasuki India, a SEBI Category III Alternative Investment Fund (AIF), nearing closure of its drawdown period, is planning to raise further ~₹ 200cr in next few months.

This investment comes as investors increasingly seek differentiated investment strategies that combine institutional discipline with deep sector knowledge. Vasuki XVI invests in Indian listed equities and select private equity opportunities, with a focus on long-term capital preservation and risk-adjusted returns. With this approach, Vasuki XVI has materially outperformed NIFTY 50 by ~4.5% since inception (June 2024). Vasuki’s flagship scheme, Vasuki India Fund, operational since October 2021 has delivered outperformance of 5.7% since inception.

Vasuki India was founded by Vikas Sehgal, with close to 30 years of experience in financial services and investment banking. Vikas Sehgal is a seasoned professional with a global footprint. Vasuki India has built a network of distinguished entrepreneurs, corporate executives, industry specialists and business leaders who actively contribute to investment evaluation and portfolio construction. The fund LPs provide strategic insights and industry expertise alongside contributing significant capital to fund.

Recently, Vasuki has welcomed Ravindra Bhandari as Fund Manager, strengthening its investment team. Ravindra brings over 15 years of experience across various functions of capital markets, equity research, portfolio management and investment banking.

Beyond its India-focused strategy, Vasuki offers investors access to the global technology ecosystem through the Luxembourg-based Vasuki Tech Fund, which invests in early-stage technology companies across sectors including artificial intelligence, mobility, cybersecurity, sustainability and climate technology.

Contact for additional details: Vasuki.xvi@vasukiindia.com 

Logo: https://mma.prnewswire.com/media/3008676/Vasuki_Logo.jpg

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