Category Archives: News

Shanghai Electric Showcases Integrated Solutions to Drive Industrial Innovation at CIIF 2026

19 integrated solutions span intelligent robotics, industrial AI, computing infrastructure, heavy-duty gas turbines and nuclear power equipment

SHANGHAI, Oct. 15, 2026 /PRNewswire/ — The 2026 China International Industry Fair (CIIF) took place Oct. 12-16 at the National Exhibition and Convention Center (Shanghai). Shanghai Electric showcased 19 integrated solutions spanning intelligent robotics, industrial AI, computing infrastructure, heavy-duty gas turbines and nuclear power equipment. The portfolio demonstrated the company’s capabilities in collaborative innovation across its businesses, with AI integrated throughout industrial processes.

Embodied Intelligence Components

On the opening day of the fair, Shanghai Electric launched an integrated component solution for embodied intelligence robotics covering five categories: bearings, fasteners, screws, joint modules and dexterous hands. The solution brings together capabilities ranging from precision transmission components to fully integrated robotic hands, supporting applications in humanoid robots, industrial robots and collaborative robots.

Products on display included miniature bearings with inner diameters as small as 0.6 millimeters, highly corrosion-resistant “Xuanwu” fasteners, inverted planetary roller screws, rotary and linear joint modules, and a dexterous robotic hand with 22 degrees of freedom.

AI in Wind Power and Battery Manufacturing

Shanghai Electric’s AI-enabled digital solution for wind power demonstrates AI applications throughout the design, manufacturing, operation and maintenance of wind power equipment. Through closed-loop, data-driven workflows, the solution improves R&D efficiency, ensures product quality and optimizes operation and maintenance decisions.

Its integrated production-line solution for lithium battery smart factories covers the entire battery production process. It provides customers with a comprehensive suite of solutions for automated battery production, encompassing planning and design, process implementation, auxiliary utility systems and environmental control to meet requirements for automation, digitalization and intelligent manufacturing.

Computing Infrastructure and Energy Management

Shanghai Electric’s data center compute rack uses two-phase liquid cooling to provide precise chip-level temperature control, with liquid-cooling capacity exceeding 200 kW per rack and a fivefold increase in computing density. The solution also supports retrofits of existing data centers. Integration with an Internet of Things platform enables system-wide energy savings and predictive maintenance.

The company’s cloud-edge collaborative smart energy management and control system is built around a cloud-edge-device collaborative architecture. It uses AI algorithms for generation and load forecasting and optimized multi-energy dispatch, creating a closed loop of sensing, analysis, decision-making and execution. The system has achieved continuous off-grid operation in applications including oilfield microgrids, demonstrating reliable power supply and flexible regulation under extreme operating conditions.

Heavy-Duty Gas Turbine Solutions

Also on the opening day of CIIF, Shanghai Electric launched an AI-powered, end-to-end intelligent solution for heavy-duty gas turbines. The solution spans the full lifecycle from development to operation and maintenance, encompassing design simulation, flexible intelligent manufacturing, AI-based quality inspection, supply chain coordination and intelligent operation and maintenance.

Shanghai Electric exhibited its gas turbine control system for the first time. Developed entirely in-house, the system was commissioned at Shenzhen Energy’s Ganlu project in June 2026. The company offers simple-cycle and combined-cycle gas-fired power solutions in the 75 MW to 800 MW classes. It has also completed China’s first hydrogen-blending demonstration on an operational large F-class heavy-duty gas turbine.

Nuclear Power Equipment

Uniquely positioned to supply complete nuclear island main equipment for both pressurized water reactors and high-temperature gas-cooled reactors — as well as core equipment for fusion systems — Shanghai Electric presented its solutions across the nuclear power value chain through interactive exhibits. The displays covered Hualong One, Guohe One, high-temperature gas-cooled reactors and nuclear fusion equipment.

In nuclear fusion, Shanghai Electric has achieved 36 breakthroughs in key manufacturing technologies, established four core manufacturing capabilities and obtained 15 patents.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/shanghai-electric-showcases-integrated-solutions-to-drive-industrial-innovation-at-ciif-2026-302910202.html

IGEL Appoints U.S. Zero Trust Leader Randy Resnick to Advance the IGEL Adaptive Secure Endpoint Platform™ Strategy

Former DoD and NSA cybersecurity executive brings nearly four decades of technical and mission leadership to advance the IGEL Adaptive Secure Endpoint Platform™ (IASEP™) across Zero Trust, cyber resilience, AI, and multi-framework governance for Government and Critical Industries globally 

FORT LAUDERDALE, Fla., Oct. 15, 2026 /PRNewswire/ — IGEL®, a global software company delivering the IGEL Adaptive Secure Endpoint Platform™ (IASEP™), today announced that Randy Resnick, a recognized Zero Trust leader and architect, has joined IGEL as Field CTO, Government and Critical Industries.

Resnick brings nearly four decades of technical, cybersecurity, and program leadership spanning the U.S. Department of Defense (DoD) and National Security Agency (NSA). Most recently, as Senior Advisor and Director of the DoD Zero Trust Portfolio Management Office, Resnick led the Department’s efforts to develop, coordinate, and operationalize Zero Trust across one of the world’s largest and most complex technology environments.

He authored the original DoD Zero Trust Strategy and helped pioneer the DoD and National Security System Zero Trust Reference Architectures, Maturity Model, Innovation Labs, and independent assessment approaches. His work successfully moved Zero Trust from a theoretical concept into an implementable national defense strategy. Previously, Resnick spent over 34 years at the NSA in senior technical leadership roles, including Zero Trust Strategic Lead, Cybersecurity Innovations Director, Chief of Information Assurance Engineering, and the first Chief of the NSA Red Team. His contributions have earned him honors such as the 2024 Wash100 Award and recognition as a 2024 CyberScoop 50 Cybersecurity Visionary.

“Randy is recognized internationally for his leadership in Zero Trust, but what makes him particularly important as an advisor to IGEL customers and partners is his ability to take transformational cybersecurity concepts from strategy and architecture through program development and operational implementation,” said Klaus Oestermann, CEO of IGEL. “That combination of technical vision, leadership and execution is exceptionally well aligned with the next phase of market adoption of the IGEL Adaptive Secure Endpoint Platform™.”

Bridging National Security Frameworks to Commercial Critical Infrastructure

Resnick’s decision to transition from leading the defense sector’s Zero Trust strategy to a commercial software leader serves as a powerful market validation of IGEL’s platform approach. IGEL is advancing IASEP™ to address the enterprise edge where IT, OT, cloud, applications, containers, open-source technologies, AI, and users converge. The platform combines control, data, and execution planes to enable organizations to apply policy, establish trusted execution, and generate governance evidence across diverse workloads.

Resnick will help expand these capabilities, directly translating national security-grade frameworks into battle-tested architectures for commercial critical infrastructure and government sectors alike, including financial services, healthcare, transportation, energy, and utilities. His mission will extend internationally across NATO and Five Eyes countries, as well as Japan, Singapore, South Korea, and the Middle East.

“IASEP™ gives us the opportunity to apply these lessons more broadly and securely to the enterprise edge, bringing together trust, resilience, and governance across IT, OT, and emerging workloads in an architecture that organizations can easily operationalize at a scale of their choosing,” said Resnick.

John Walsh, Senior Vice President and Field CTO, Government and Critical Industries at IGEL, added: “Having known Randy for many years through his work at the NSA and later watching him lead the strategic development and implementation of Zero Trust within the Department of Defense, I am extremely confident in Randy’s technical leadership, program discipline, and ability to turn transformational ideas into operational capability at extraordinary scale.”

Extending the Architecture Through the Ecosystem

Resnick’s role will involve close collaboration with customers and across IGEL’s product, engineering, partner, and go-to-market organizations to translate requirements from government and critical industries into repeatable platform capabilities. This work will also integrate with the IGEL Ready ecosystem, combining IASEP™ with technology partners across silicon, identity, networking, SASE/SSE, cloud, virtualization, and AI. This effort contributes to increasingly sophisticated security and operational outcomes, from identity, segmentation, and comply-to-connect through workload isolation, contextual policy, observability, resilience, and governance. 

About IGEL

IGEL® is a global software company delivering the IGEL Adaptive Secure Endpoint Platform™, a trusted and governed endpoint platform for secure access to cloud, VDI, DaaS, SaaS, Secure Browsers, enterprise applications, as well as OT endpoints. At its foundation is IGEL OS, an immutable operating system that helps reduce endpoint attack surface, preserve a known-good endpoint state, and support secure access across distributed work environments. Through the IGEL Preventative Security Model®, the platform adds attested workload delivery, centralized governance, and contextual enforcement, aligning endpoint security with Zero Trust and SSE/SASE architectures from key IGEL Ready partners.

IGEL Business Continuity & Disaster Recovery™ (BC&DR) helps organizations restore secure access on Windows endpoints affected by ransomware, other cyberattacks, or outages. Founded in 2001, IGEL is headquartered in Germany with U.S. offices in San Francisco and Fort Lauderdale, working with an ecosystem of 130 leading technology brands. Learn more at www.igel.com.

Windows is a trademark of the Microsoft group of companies.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/igel-appoints-us-zero-trust-leader-randy-resnick-to-advance-the-igel-adaptive-secure-endpoint-platform-strategy-302909377.html

G-P Reports Strong Performance and Accelerating Q3 2026 Momentum: On Track to Exceed $450M ARR and $100M Core Operating Profits in 2026

Category-defining global employment leadership and rapid adoption of agentic AI drive record profitability, scaling revenue and exceeding elite Rule-of-40 efficiency

BOSTON, Oct. 15, 2026 /PRNewswire/ — G-P (Globalization Partners), G-P (Globalization Partners), the leader in AI-driven global employment, ranked No. 1 by industry analysts, today released its Q3 financial and operational performance update. The company announced it is firmly on track to deliver record full-year 2026 results, driven by rapid customer adoption of its agentic AI-first Global Employment Platform and market-leading compliance infrastructure.

2026 Performance & Trajectory Highlights

• Top-Line ARR Acceleration: On track to exceed $450 million in ARR by year-end, growing customers and revenue more than 20% compared to FY2025.
• Elite Operational Leverage: Projecting $100 million in core operating profits, demonstrating high capital efficiency that generates strong positive cashflow and comfortably clears the Rule-of-40 threshold while continuing to fund continuous R&D and core product and platform innovation.
• Consolidated #1 Market Position: Unanimously recognized as the #1 Global EOR provider across major industry analyst evaluations, including IEC, QKS and NelsonHall.

“Our performance this year demonstrates what’s possible when category leadership is matched with relentless innovation,” said Nicole Sahin, founder and CEO of G-P. “By grounding our agentic AI architecture in more than a decade of proprietary global employment and compliance data, we’re giving organizations the intelligence and infrastructure they need to build and manage global teams with greater speed and confidence. As we continue to exceed our revenue and profitability goals, we’re proving that market-leading innovation and sustained financial performance move in tandem.”

Core Drivers of Success

G-P makes it fast and easy for companies to hire, onboard, and manage talent anywhere in the world without having to navigate global legal, HR, and tax complexities. Through its global employment products – G-P Employer of Record (EOR), G-P Contractor^™ and G-P Gia™, its award-winning AI Global HR Agent – the company combines more than 14 years of compliance expertise across 180+ countries with AI-powered technology embedded directly into enterprise workflows – helping organizations scale global teams with speed, confidence and local precision.

G-P’s momentum and category leadership are driven by three key strategic pillars:

1. Agentic AI Execution: Strategic execution of an early AI vision, seamlessly integrating production-grade automation and agentic AI capabilities across global employment and compliance and workforce operations.
2. Defensible Compliance Infrastructure: Over a decade of investment in building direct entity networks and local HR compliance engines spanning 180+ countries.
3. Cross-Functional Execution: Sustained operational execution across G-P’s product, engineering, revenue and marketing teams.

Outlook for 2027: Embedded EOR & Ecosystem Expansion

As G-P enters the final quarter of 2026 and looks ahead to 2027, the company anticipates continued revenue acceleration and operational leverage, anchored by two major platform initiatives:

• Embedded EOR Expansion: Rolling out native, white-label embedded EOR capabilities across a network of premier strategic enterprise partners.
• G-P Gia™ Everywhere: Expanding G-P Gia, the company’s AI Global HR Agent, as the ubiquitous global HR solution to seamlessly integrate with all major third-party HCM and HRIS platforms.

For more information about G-P, please visit us here.

About G-P

G-P (Globalization Partners) is the leader in global employment, ranked No. 1 in every industry analyst report. As the world’s first agentic AI-driven Global Employment Platform, G-P codes global labor laws and compliance directly into existing corporate workflows, helping companies of all sizes manage the full employee lifecycle. G-P supports teams in 180+ countries backed by more than a decade of global operational data and the largest team of in-country HR, legal, and compliance experts. This unmatched proprietary knowledge powers its Employer of Record (EOR), Contractor, and Global HR Agent, G-P Gia™, products.

G-P: Global Made Possible™

To learn more, please visit: g-p.com or connect with us via LinkedIn, X, Facebook or check out our Blog.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/g-p-reports-strong-performance-and-accelerating-q3-2026-momentum-on-track-to-exceed-450m-arr-and-100m-core-operating-profits-in-2026-302909266.html

Coca-Cola celebrates Kolkata’s beloved Adda Tradition by bringing back the ‘Laal Mejhe’ this Durga Puja

The campaign revives the spirit of traditional adda spaces across Kolkata, inviting people to reconnect over conversations, culture and shared experiences

Link to the film: Here

KOLKATA, India, Oct. 15, 2026 /PRNewswire/ — This Durga Puja, Coca-Cola India is bringing back the spirit of Kolkata’s beloved adda tradition through ‘Laal Mejhe’, a cultural initiative inspired by the neighbourhood courtyards, verandas and familiar gathering spots that have long been at the heart of the city’s social life. As Kolkata’s urban landscape evolves and these traditional spaces become less accessible, Coca-Cola Laal Mejhe seeks to recreate them, giving people a place to slow down amid the festive bustle and enjoy the simple pleasure of an unhurried adda.

While pandal hopping, food and celebrations define Durga Puja, spontaneous gatherings with friends, family and old acquaintances remain an equally cherished part of the experience. Through designated Laal Mejhe adda spaces, Coca-Cola aims to bring this tradition back into the festivities.

Karthik Subramanian, Senior Director, Marketing, Coca-Cola TM India & Southwest Asia said, “With Laal Mejhe, we didn’t just want to offer a space. We wanted to bring back a timeless reminder that no matter how fast, busy or crowded life gets, there will always be time to pause and make room for our beloved addas. Adda has always been an intrinsic part of Kolkata’s cultural identity, and there is no better time than Pujo to celebrate this tradition of togetherness. Through Laal Mejhe, we hope to bring people closer to their culture, their communities and each other.”

Sukesh Nayak, Group CCO, Ogilvy India said, “Long before cafés and fancy hangouts became the places to be, Bengal had its humble Laal Mejhe. The red oxide floor that hosted everything from Marx to Mohun Bagan, first crushes to fierce arguments. It was never just a floor. And this Pujo, Coke is giving it a comeback.”

A dedicated Coca-Cola Laal Mejhe microsite also allows people to reserve their preferred locations and timings for group gatherings.

About Coca-Cola

Coca-Cola in India is one of the country’s leading beverage companies, offering a range of high-quality and refreshing beverage options to consumers. The company, in line with its vision of ‘Beverages For Life’ offers a wide portfolio of products which includes hydration, sports, sparkling, coffee, tea, nutrition, juice and dairy based products. In India its beverage range includes Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Thums Up, Thums Up XForce, Charged, Fanta, Limca, Sprite, Sprite Zero, Kinley Soda, Rimzim, Maaza, Minute Maid range of juices and Honest Tea. The Company also offers hydration beverages including Limca GlucoCharge, Smartwater, Kinley, Kinley Copper, Dasani and Bonaqua packaged drinking water. Premium products constitute Schweppes’ range and Smartwater. In addition, it offers a Costa Coffee range of tea and coffee. The Company is constantly transforming its portfolio, from reducing sugar in its drinks to bringing innovative new products to market.

The Company along with its owned bottling operations and franchise bottling partners has a strong network of over six million retail outlets through which it refreshes millions of consumers across the country. It seeks to positively impact people’s lives, communities, and the planet through water and packaging initiatives, sustainable agriculture and emission reductions across its value chain.

Globally together with its bottling partners, The Coca-Cola Company employs more than 700,000 people, helping to bring economic opportunity to local communities worldwide. Learn more at www.cocacolacompany.com and follow us on Twitter, Instagram, Facebook and LinkedIn.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/coca-cola-celebrates-kolkatas-beloved-adda-tradition-by-bringing-back-the-laal-mejhe-this-durga-puja-302910058.html

TGE Value Creative Solutions Celebrates Recent NYSE Listing: NYSE Content Update

NYSE issues a pre-market daily advisory direct from the trading floor.

NEW YORK, Oct. 15, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on October 15th

• TGE Value Creative Solutions rings the Opening Bell
  • The firm has a mission to merge with private companies generally in the media or hospitality space. 
  • Founder Calvin Choi will join NYSE Live to discuss the firm’s current portfolio of companies and next steps for TGE.
• Alpaca Co-Founder and CEO Yoshi Yokokawa to join NYSE Live
  • The company’s push to establish its prime brokerage business was inspired by tokenized stocks.
  • The firm also recently participated in DTCC’s tokenized equities pilot. 
• Investors continue to monitor inflation and earnings reports
  • PPI data was released earlier this morning, with economists expecting producer prices to drop slightly to 5.3%.
  • The report comes one day after CPI data came in hotter than expected at 3.7%.
  • Taiwan Semiconductor (NYSE: TSM), Charles Schwab (NYSE: SCHW), BNY (NYSE: BNY) and PNC (NYSE: PNC) reported earnings this morning.

Opening Bell

TGE Value Creative Solutions (NYSE: BEBE) celebrates its NYSE listing

Closing Bell

The Headstrong Project celebrates 14 years providing PTSD treatment to veterans

For market insights, IPO activity, and today’s opening bell, download the NYSE TV App and check out the NYSE YouTube: TV.NYSE.com and YouTube.com/@NYSEofficial

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/tge-value-creative-solutions-celebrates-recent-nyse-listing-nyse-content-update-302910096.html

Beyond Generation: RE: DIALOGUES 2026 Puts India’s Power Distribution and Infrastructure Challenges in Focus

• Policy Perspectives Foundation and Orange Circle Energy convene energy sector experts to examine India’s evolving electricity requirements, grid constraints and power-system planning
• Energy experts highlight the need to plan for rising demand alongside transmission infrastructure, regulatory stability and investment

NEW DELHI, Oct. 15, 2026 /PRNewswire/ — India’s electricity planning faces a growing challenge: anticipating how demand will evolve while ensuring transmission infrastructure can deliver power reliably and affordably. At RE: DIALOGUES 2026: Powering a Developed India, convened by Policy Perspectives Foundation (PPF) and Orange Circle Energy (OCE) in New Delhi on 14 October, discussions centred on the gap between future electricity requirements and the infrastructure, investment and regulatory frameworks needed to meet them.

The dialogue examined four interconnected priorities for the power sector: electricity demand, transmission and distribution infrastructure, regulatory stability, and the economics of power generation. A central theme emerging from the discussions was the need to look beyond generation capacity and address the infrastructure, planning and investment required to deliver electricity reliably and affordably as India’s economy grows.

The dialogue featured Shri Bhupinder Bhalla, former Secretary, Ministry of New and Renewable Energy, Government of India, as Chief Guest. Speaking about the energy and power ecosystem he said, “India’s energy transition must be viewed in the wider context of its development priorities. Beyond expanding generation capacity, we need to strengthen domestic manufacturing, advance technology, mobilise investment and create jobs while safeguarding energy security. This calls for a coordinated approach to planning and implementation, with the Centre and states working together to address infrastructure and regulatory challenges.”

In his opening presentation, Nikesh Sinha, Founder, Orange Circle Energy, used international per-capita electricity consumption benchmarks to explore the potential scale of India’s future power requirements. The discussions highlighted the time needed to build transmission infrastructure, alongside right-of-way constraints, transformer availability and the distance between renewable energy generation centres and consumption hubs.

Nikesh Sinha, Founder, Orange Circle Energy, said: “India’s power-sector planning needs to look beyond how much electricity we can generate to how much the country will need, where that demand will emerge, and how reliably it can be delivered. Transmission infrastructure takes time to build, and generation and consumption centres are not always in the same locations. Anticipating these requirements and aligning transmission planning with generation, while also considering decentralised solutions, will be critical to meeting India’s future electricity needs.”

The discussions highlighted that India’s energy transition will depend not only on expanding generation capacity but also on deploying domestic capital effectively, strengthening electricity distribution and translating policy into implementation. Looking ahead, wind energy was identified as a potential area of significant growth alongside solar and other renewable sources, reinforcing the need for coordinated investment, infrastructure development and power-system planning to support India’s evolving energy mix.

Safi Ahsan Rizvi, former Advisor to the National Disaster Management Authority (Policy Perspectives Foundation), said “India needs to look beyond creating new funding mechanisms and examine how existing public resources can be strategically channelled towards national priorities such as renewable energy and disaster resilience. Even a small reallocation of resources, supported by the right institutional frameworks, can help unlock investment at scale. Building a dialogue between government and industry is critical to identifying these opportunities and translating public capital into meaningful outcomes.”

Discussions also brought together Ronnie Khanna, NITI Aayog; Prakash Garg, National Solar Energy Federation of India; Nidhi Sarin, Global Energy Alliance for People and Planet; Dr Ritu Mathur, TERI; Professor Bhim Singh, IIT Delhi and Netaji Subhas University of Technology; Professor V. K. Jain, Amity University; Dr R. K. Tyagi, Power Foundation of India; Manika Malhotra Jain, Policy Perspectives Foundation; Manoj Kumar Upadhyay, NITI Aayog; Dr Kavita Singh, TERI School of Advanced Studies; Rashi Singh, Council on Energy, Environment and Water; Mohit Kumar Gupta, Grid Controller of India Limited; Safi Ahsan Rizvi, former Advisor to the National Disaster Management Authority; Shubhashis Dey, Solutions for Sustainable Living (SoSuL LLP); Srishti Ahuja, EY; and Arushi Relan, CEEW.

RE: DIALOGUES 2026 concluded with a call for continued engagement among policymakers, industry stakeholders, financial institutions, technology experts and research organisations to address the interconnected challenges of India’s energy transition.

About Policy Perspectives Foundation (PPF)

Policy Perspectives Foundation is an independent public policy think tank working through research, community outreach, capacity building and policy advocacy to promote inclusive and sustainable development. The Foundation is directed by Sh. P. C. Haldar, former Director of the Intelligence Bureau, Government of India.

About Orange Circle Energy (OCE)

Orange Circle Energy is committed to accelerating India’s transition to clean, affordable and reliable solar energy. With expertise spanning rooftop installations and utility-scale solar projects, the companyc delivers tailored solar solutions across residential, commercial, industrial and utility sectors. Combining engineering expertise with a client-centric approach, Orange Circle Energy works closely with its partners to address their energy goals, financial considerations and operational requirements.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/beyond-generation-re-dialogues-2026-puts-indias-power-distribution-and-infrastructure-challenges-in-focus-302909991.html

OrbiMed Raises $3 Billion Across Global and Asia Private Equity Funds

NEW YORK, Oct. 15, 2026 /PRNewswire/ — OrbiMed, a leading global healthcare investment firm, is pleased to announce that it has raised $3 billion in commitments for two new private equity funds: OrbiMed Private Investments X and OrbiMed Asia Partners VI.

OrbiMed Private Investments X raised over $1.9 billion to invest in U.S. and European life sciences venture capital opportunities. OrbiMed Asia Partners VI raised over $1 billion to invest in healthcare growth equity and venture capital opportunities across Asia. Both funds seek to build leading healthcare companies focused on biopharmaceuticals, medical devices, diagnostics, and technology-enabled healthcare services.

“There has never been a more exciting time to invest in life sciences innovation,” said Carl Gordon, a managing partner of OrbiMed. “AI, a proliferation of new therapeutic modalities and China’s emergence as a biotechnology powerhouse are expanding the opportunities to develop transformative treatments. We look forward to helping entrepreneurs turn these advances into leading healthcare companies.”

OrbiMed is led by 20 partners and supported by a team of over 150 professionals with complementary expertise in company incubation, strategy, operations and finance. The firm operates from 12 global locations across key healthcare markets.

Investors in these new funds include a broad range of medical institutions, university endowments, foundations, pension funds, sovereign wealth funds and family offices.

“We are grateful for the continued support of our many long-standing investors,” said Carter Neild, a managing partner of OrbiMed. “We will work tirelessly over the coming years to meet their high expectations.”

About OrbiMed

OrbiMed is a leading healthcare investment firm with over $21 billion in assets under management. OrbiMed invests globally across the healthcare industry, from start-ups to large multinational corporations, through private equity funds, public equity funds and royalty/credit funds. OrbiMed seeks to be a capital provider of choice, providing tailored financing solutions and extensive global team resources to help build world-class healthcare companies. OrbiMed’s team of over 150 professionals is based in New York City, London, San Francisco, Shanghai, Hong Kong, Mumbai, Herzliya and other key global markets. For more information, please visit www.orbimed.com.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/orbimed-raises-3-billion-across-global-and-asia-private-equity-funds-302909249.html

Nation Remembers ‘Missile Man’ APJ Abdul Kalam on Birth Anniversary; Amit Shah, Jaishankar Pay Tributes

New Delhi, Oct 15: India on Thursday remembered former President and Bharat Ratna awardee Dr APJ Abdul Kalam on his birth anniversary, with Union ministers and chief ministers paying tribute to the legendary scientist whose contributions to defence technology, space research and education left a lasting imprint on the nation.

 Representational Image 

Union Home Minister Amit Shah, External Affairs Minister S. Jaishankar, Union Minister G. Kishan Reddy and several chief ministers highlighted Kalam’s scientific achievements, democratic values and enduring commitment to inspiring young Indians.

Widely known as the ‘Missile Man of India’ and the ‘People’s President’, Kalam continues to be remembered for his vision of a scientifically advanced, self-reliant and developed India.

Amit Shah Recalls Kalam’s Contribution to National Security

Paying tribute on social media platform X, Home Minister Amit Shah described Kalam as an exceptional scientist who dedicated his abilities to strengthening India’s strategic capabilities.

“Tributes to the People’s President, Dr APJ Abdul Kalam Ji, on his Jayanti,” Shah wrote, adding that Kalam’s life would continue to inspire younger generations to devote themselves to serving the nation.

External Affairs Minister S. Jaishankar also honoured the former President, praising his vision, commitment and dedication to the country.

“Pay my tribute to Bharat Ratna Dr. APJ Abdul Kalam on his birth anniversary today. His vision, commitment & dedication for the nation continue to inspire,” Jaishankar said.

Union Minister G. Kishan Reddy remembered Kalam as a pioneering scientist and visionary leader who devoted his life to advancing India’s scientific capabilities and nurturing the aspirations of young people.

He emphasised Kalam’s belief in the transformative power of knowledge, innovation and education, describing his legacy as a continuing source of inspiration for generations.

Chief Ministers Honour the Missile Man

Uttar Pradesh Chief Minister Yogi Adityanath paid homage to Kalam, highlighting his contribution to India’s strategic strength and defence preparedness.

In his message in Hindi, Adityanath described the former President as a visionary who helped elevate the country’s strategic capabilities and whose exemplary life would continue to inspire citizens.

Maharashtra Chief Minister Devendra Fadnavis also paid tribute to Kalam, linking his legacy to the importance of reading and lifelong learning.

Maharashtra observes Kalam’s birth anniversary as Vachan Prerna Divas, an initiative aimed at encouraging reading habits and promoting the pursuit of knowledge.

From Rameswaram to Rashtrapati Bhavan

Born on October 15, 1931, in Rameswaram, Tamil Nadu, Avul Pakir Jainulabdeen Abdul Kalam rose from a modest background to become one of India’s most admired scientists and public figures.

He served as India’s 11th President from 2002 to 2007 and earned widespread affection for his simplicity, humility and close engagement with students.

Kalam began his professional journey at the Defence Research and Development Organisation (DRDO) in 1960 before joining the Indian Space Research Organisation (ISRO) in 1969.

At ISRO, he led the Satellite Launch Vehicle-III project, which successfully placed the Rohini satellite into near-Earth orbit in 1980, marking a significant milestone in India’s indigenous space programme.

He later played a leading role in the Integrated Guided Missile Development Programme, which advanced the development of indigenous missile systems, including Agni and Prithvi. These contributions earned him the enduring title ‘Missile Man of India’.

Kalam also served as a key scientific adviser during the 1998 Pokhran-II nuclear tests, a landmark moment in India’s strategic and defence history.

In recognition of his outstanding contributions, he received the Padma Bhushan in 1981, the Padma Vibhushan in 1990 and the Bharat Ratna, India’s highest civilian award, in 1997.

A Lasting Message for Students and Young India

Beyond laboratories, missile programmes and the presidency, Kalam’s greatest legacy arguably lies in his unwavering belief in the potential of young people.

He consistently encouraged students to dream ambitiously, develop scientific thinking, pursue knowledge and use their abilities to address national challenges.

His birth anniversary is widely associated with World Students’ Day, reflecting his enduring connection with education and youth empowerment. The observance celebrates the values he championed throughout his life: curiosity, discipline, innovation and the courage to pursue ambitious goals.

Years after his death in 2015, Kalam remains a powerful symbol of how scientific excellence, humility and public service can come together to shape a nation’s future.

As leaders across the country paid tribute to him, the central message of his life remained relevant: building a stronger India begins with empowering its people, especially its young minds, through education, innovation and a shared commitment to national progress.

Herbalife India Launches Phyto Innovation Accelerator with IIT Madras to Advance India’s Plant Biotechnology Ecosystem

Industry-academia initiative inaugurated by Union Minister Shri Pralhad Joshi to support innovation, entrepreneurship and global research collaboration

CHENNAI, India, Oct. 15, 2026 /PRNewswire/ — Herbalife International India Pvt. Ltd. and the Indian Institute of Technology Madras (IIT Madras) launched the Herbalife–IIT Madras Phyto Innovation Accelerator Programme, an industry-academia initiative to translate plant biotechnology research into scalable solutions for health, wellness and sustainable biomanufacturing. Shri Pralhad Joshi, Union Minister of Education, Consumer Affairs, Food & Public Distribution, and New & Renewable Energy, inaugurated the programme at the IIT Madras Research Park in the presence of Prof. V. Kamakoti, Director, IIT Madras, and Mr. Ajay Khanna, Managing Director, Herbalife India.

Building on the Herbalife–IIT Madras Centre of Excellence on Plant Cell Fermentation Technology (HL-IITM CoE PCFT) established in June 2026, the programme fuses India’s traditional botanical wisdom with modern science, deep technology and entrepreneurship. It embodies the national research vision of Jai Anusandhan while advancing sustainable biomanufacturing through the BioE3 policy. Ultimately, it aims to build a nationally recognised innovation ecosystem that transforms plant biotechnology innovations into market-ready technologies while fostering research, innovation and capacity building across health, wellness, nutrition and sustainable biomanufacturing.

The programme will operate through two verticals over a three-year period. Under the Phytothon vertical, innovation challenges and hackathons will be conducted every six months to identify promising innovations in plant biotechnology, nutraceuticals, functional foods, botanical ingredients and sustainable biomanufacturing. Up to three start-ups will be supported annually through access to shared scientific infrastructure and specialised laboratory facilities at the IIT Madras Bioincubator and HL-IITM CoE PCFT, including customized bioreactors for plant cell cultivation, analytical and computational systems, along with technical mentorship, pre-incubation support, and proof-of-concept development.

The second vertical, Global University Innovation Network, will foster international collaborations through student and faculty exchanges, collaborative research, webinars, seminars, workshops, short-term courses, publications and co-organized conferences.

Bringing together researchers, students, faculty, entrepreneurs, industry experts and international academic institutions, this programme will strengthen scientific capabilities in the emerging area of plant cell fermentation technology and allied domains such as plant biotechnology, AI-enabled multi-omics analysis, bioinformatics, and process modelling, while driving innovation, capacity building and ecosystem development through stronger academic-industry collaboration and global knowledge exchange.

“Innovation in health and wellness increasingly depends on strong collaboration between academia and industry. Through the Herbalife–IIT Madras Phyto Innovation Accelerator Programme, we aim to create an environment where promising scientific ideas can access the expertise, infrastructure and industry perspectives needed to progress beyond the laboratory. We hope the programme will help nurture the next generation of innovators while contributing to India’s growing leadership in biotechnology, sustainable innovation and health-focused research,” said Ajay Khanna, Managing Director, Herbalife International India Pvt. Ltd.

The CoE will also add advanced custom plant cell bioreactors, analytical equipment such as HPTLC, cryogenic storage and a high-performance GPU workstation for bioinformatics and AI-enabled research in this area.

Prof. Smita Srivastava, Faculty Coordinator of the programme and Head, HL-IITM CoE PCFT, added, “At IIT Madras, we believe that translating research into real-world impact requires strong collaboration across academia, industry and entrepreneurial ecosystem. The Phyto Innovation Accelerator Programme represents an important step towards creating a platform that enables scientific discoveries to evolve into real-world applications. By bringing together talent, technology, infrastructure and mentorship, this initiative will help foster innovation and strengthen India’s capabilities in plant based biomanufacturing.”

About Herbalife International India Private Ltd.

Herbalife (NYSE: HLF) is a premier health and wellness company, community and platform that has been changing people’s lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers science-backed food and non-food products to consumers in more than 95 markets through independent entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle to live their best life.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/herbalife-india-launches-phyto-innovation-accelerator-with-iit-madras-to-advance-indias-plant-biotechnology-ecosystem-302909920.html

Green Cabbage Launches Diligence Center, Bringing Speed, Precision, and Security to Buy-Side Contract Review in M&A

PITTSBURGH, Oct. 15, 2026 /PRNewswire/ — Green Cabbage today launched Diligence Center, a new capability in its Harvest platform built for Corporate Development, Private Equity, and Advisory teams to review thousands of contracts in minutes.

Green Cabbage CEO Eric Cunningham says: “We identified a gap in the market over a year ago. Teams spent up to six weeks analyzing fewer than 20 contracts, and they were missing significant risk-reduction opportunities. Over the past year, our team has taken this complex process and built an orchestration layer to dramatically improve these reviews. We’ve battle tested our solution with a few select clients already and are excited to bring it to the market.”

This orchestration layer puts 12+ agents to work in a concerted workflow, from information extraction to contract scoring. Each step in the process evaluates a different facet of each uploaded document, whether that document is an MSA, addendum, or order form, to ensure each output is explainable and transparent.

For each supplier, pricing is compared against Green Cabbage’s 2.6 billion data points in 88+ categories to return an analysis on where each deal sits relative to the market to show clients where savings opportunities exist. The models review each product being purchased, and against normalized features like quantity, geography, and industry, return comparable data to justify the conclusions. Non-standard deals are reviewed with a human-in-the-loop approach, drawing on Green Cabbage’s team of 150+ subject matter experts, to ensure every opportunity is captured.

Jeff Todd, VP at Sorenson Capital (a Green Cabbage investor), says: “The value of finding savings in the pre-close acquisition process is immense. These savings can be directly attributed to the bottom line, ensuring immediate ROI against the target’s valuation. This kind of direct impact is hard to find in M&A.”

Beyond pricing, Green Cabbage’s agents review each set of contracts for ten key M&A-focused terms. Each term is flagged for risk, and a next-step action is suggested with an explanation of the risk to direct deal teams on how to act on this information. Trained on attorney-annotated clause language with a practitioner judgement layer, the terms section instantaneously flags risk in lengthy contracts, identifies clause precedence, and distills the intelligence into something actionable. The judgement layer was built on the expertise of Green Cabbage’s senior attorneys who all worked at top suppliers, so their knowledge is instilled in each agent reading each document.

“Too often, organizations make acquisition decisions with limited visibility into supplier contracts and the value they contain. Diligence Center combines AI with deep procurement expertise to turn thousands of contracts into actionable intelligence quickly, helping organizations like mine uncover value, reduce risk, and accelerate integration from day one,” says George Jannino, Chief Procurement Officer at Raymond James.

Layered into every stage in the delivery process is the deep commitment to security that Green Cabbage is known for. With thorough encryption and clear data retention timelines, clients can be sure that Green Cabbage operates with complete confidentiality.

For in-house corporate development teams, Diligence Center gives the acquirer its own read of every agreement rather than only the largest suppliers, so the savings target holds and the integration team knows which contracts to work on the first day it closes. For PE firms who size a target’s cost take-out well before anyone reads a supplier contract, it shows where the target is paying more than comparable buyers, so the firm can put a real number on the opportunity before committing and pursue it the week it closes. For deal teams in consulting firms, where the deal sets the deadline rather than the amount of work, it delivers complete contract coverage inside that window, under the firm’s own brand, and hands integration teams a ranked list of what to renegotiate first.

Diligence Center works beyond confirmatory diligence. Deal teams can run it at screening to get a cost read before committing a team, in the first 100 days to hand operators a ranked sequence of actions, and during exit prep so a portfolio company goes to market without its own overpay still in it. For PE firms, the same read runs across an existing portfolio, showing where portfolio companies buy from the same suppliers at different rates and where take-out exists that nobody has looked for.

Diligence Center is available now to Corporate Development, Private Equity, and Advisory teams. It extends Harvest from the post-close work Green Cabbage already does for PE portfolios and enterprise procurement teams into the acquisition itself, handling all 1000+ contract documents within just minutes.

About Green Cabbage

Founded in 2019, Green Cabbage is a procurement intelligence platform that helps enterprises negotiate better deals, reduce supplier and contract risk, and uncover savings using billions of contract and spend data points. Its Harvest platform serves procurement, finance, IT, marketing and legal teams across enterprise, midmarket and private equity clients. Green Cabbage is backed by Sageview and Sorenson Capital. Never negotiate alone.

Media Contact: 

Sheena Smith, Chief Marketing Officer

sheena.smith@greencabbage.com

www.greencabbage.com 

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/green-cabbage-launches-diligence-center-bringing-speed-precision-and-security-to-buy-side-contract-review-in-ma-302909398.html