Category Archives: News

As Banks Pivot to Agentic AI, Feedzai Unveils Farol to Transform Fraud Analysis and Cut Investigation Times

Embedded AI agent brings autonomous reasoning directly into core workflows, eliminating the integration gap stalling financial institution AI pilots.

NEW YORK and LISBON, Portugal, Sept. 24, 2026 /PRNewswire/ — Feedzai, the global leader in AI-native financial crime prevention, today launched Farol, an embedded AI agent engineered to slash fraud investigation latency and sharpen threat detection across risk operations in banking. The launch lands as fraud grows costlier to fight on every front. Mandatory reimbursement rules are increasing loss exposure, while technology spend and manual review costs keep climbing. Farol is built exactly to alleviate those pressures – an always-on agent that lets fraud teams do more without adding resources, fundamentally changing how they work. Integrated directly into Feedzai’s RiskOps Studio, Farol delivers conversational intelligence, automated rule performance analytics, and contextual case summarizations, all within the software stack analysts already use.

Feedzai’s agentic AI innovation addresses a critical operational bottleneck in institutional risk management. While 68% of financial institutions are actively testing agentic AI, according to Feedzai research, most deployments fail to yield operational efficiencies because third-party AI models operate in isolation from real-time transaction data. Farol solves this fragmentation by embedding directly into existing risk workflows in order to deliver full context, transparent audit trails, and autonomous execution capabilities without disrupting core infrastructure.

“Having a single, intelligent interface to handle data retrieval, insight generation, and production-ready rule suggestions fundamentally transforms how we refine our fraud strategies,” said Justinas Rekus, Fraud Prevention Business Owner at SEB, a leading northern European financial services group with international presence in more than 20 countries worldwide.

Feedzai Farol launches with a number of purpose-built skills including:

• Risk Strategy – Interrogates and analyzes rule sets to surface actionable insights, including identifying rules that are generating noise without catching fraud, and recommending sharper thresholds to enhance performance. Management of rule hygiene becomes a task that takes minutes and not days.
• Investigations – Retrieves and summarizes alert data in moments, giving analysts the context they need to work cases faster and with greater conviction, proven to reduce alert handling times by 20%.
• Knowledge – An always-on product expert built into the workflow. Users can ask Farol how to do anything on the platform and get the answer instantly, without ever leaving the user interface to find it.
• SAR Drafting – Drafts Suspicious Activity Reports (SARs) up to 12x faster by cutting the manual effort of compiling and summarizing information.

“Fraud investigation is one of the clearest near-term use cases for agentic AI. An agent with direct access to case data and analyst tools removes the manual work of assembling that data, driving faster resolution without adding headcount. Longer term, agents that flag which rules generate noise without catching fraud let teams tune detection logic continuously, not just during periodic reviews,” said Sam Abadir, Research Director, Risk, Financial Crime, and Compliance at IDC.

The Farol agent builds on Feedzai’s track record of pioneering AI for financial crime prevention, from operationalizing machine learning and explainable model outcomes to real-time cross-channel risk decisioning and federated network intelligence. Feedzai Farol operates within each financial institution’s own environment, so the information and insights it surfaces stay inside the customer’s estate, multiplying the impact of fraud teams and helping them solve the problems that matter most.

“Fraud teams don’t need another tool to check; they need an agent that already knows their environment and the problems they want to solve,” said Pedro Barata, Chief Product Officer at Feedzai. “The Feedzai Farol agent puts actionable intelligence directly in the hands of the people fighting fraud every day. It surfaces the right information faster, takes repetitive work off their plate, and gives analysts the speed and confidence to act, so banks can focus on what matters, which is keeping their customers safe.”

To learn more about Feedzai and Farol, visit www.feedzai.com/farol-agentic-riskops.

About Feedzai

Feedzai powers trust in global finance. We protect people and payments using trusted AI to detect and prevent financial crime, fraud, and money laundering in real time, so money moves safely. Every year, the world’s top banks, payment networks, and acquirers use Feedzai’s technology to safeguard more than one billion consumers and $9 trillion in payment volume. Learn more at feedzai.com.

Media Contact:

PR@feedzai.com

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ASHRAE Opens Abstract Submissions for 2027 Annual Conference in New Orleans

ATLANTA (September 24, 2026) – ASHRAE is accepting abstracts for conference papers for the 2027 ASHRAE Annual Conference, taking place June 12-16, 2027, in New Orleans, Louisiana.

The conference will bring together HVAC&R professionals, researchers, practitioners, building owners and industry leaders to share research, innovations and practical approaches addressing challenges across the built environment.

Authors are invited to submit abstracts for consideration within one of eight conference tracks:

Fundamentals and Applications
Covers foundational HVAC&R engineering principles, including thermodynamics, psychrometrics, heat transfer and fluid flow, as well as theoretical and applied concepts, design approaches and real-world experiences.

HVAC&R Systems and Equipment
Focuses on the development, application and operation of HVAC&R systems and equipment, including innovation, reliability, maintainability, cost effectiveness and energy efficiency.

Refrigeration and Refrigerants
Addresses advancements in refrigeration systems and refrigerant applications across industrial, commercial and specialty uses, including system performance, environmental impacts, refrigerant management and emerging technologies.

Research Summit
Highlights research that advances HVAC&R and the built environment. Submissions may include conference papers, seminars, forums, panel discussions and ASHRAE-sponsored research. The track also includes collaboration with ASHRAE’s archival research journal, Science and Technology for the Built Environment.

Building Decarbonization
Explores strategies to reduce building carbon emissions through energy efficiency, electrification, renewable energy integration, embodied carbon reduction and net-zero design.

Indoor Environmental Quality for Healthy Buildings
Examines indoor environmental quality and its relationship to occupant comfort, health, productivity and safety. Topics include ventilation, filtration, humidity control, air distribution, fire and smoke control, lighting, acoustics, hazardous spaces and the interaction between IEQ and building performance.

Owners and Operators
Focuses on practical approaches to optimizing building performance throughout the facility lifecycle, including commissioning, recommissioning, retro-commissioning, operations and maintenance, building analytics, fault detection, benchmarking, workforce development, resilience and total cost of ownership.

Mini-Tracks
Mini-tracks offer an opportunity to organize six to eight focused sessions around emerging or specialized topics that may not fit within an existing conference track. Individual sessions are submitted under the most appropriate conference track while contributing to a cohesive attendee experience.

Authors interested in proposing a mini-track can learn more about the requirements and submit their contact information for follow-up.

Authors whose abstracts are accepted will be invited to submit a full eight-page conference paper by February 17, 2027. Accepted papers will be included in the conference program and proceedings and may be considered for publication in Science and Technology for the Built Environment.

For more information and to submit an abstract, visit ashrae.org/2027Annual.

ICUC 3.0 Brings Together 400+ Changemakers for Collective Environmental Action

NEW DELHI, Sept. 24, 2026 /PRNewswire/ — The third edition of the India Clean-Up Confluence (ICUC 3.0) concluded at India Habitat Centre, New Delhi, receiving a warm response as the Mumbai-born platform expanded to the capital for the first time. The two-day event brought together 600+ delegates and 80+ organisations, including NGOs, citizen groups, corporates, CSR leaders, sustainability experts and young people working across different areas of environmental action.

Held on September 19th and 20th as part of World Cleanup Day, ICUC 3.0 featured discussions, mentorship sessions, networking and on-ground action. Pravesh Wahi, Mayor of the Municipal Corporation of Delhi, attended the event as Chief Guest and addressed participants with a short speech.

“Delhi needs the active participation of its young people, NGOs and citizen groups to become cleaner. The work cannot be done by the government alone; we have to work together and take these efforts to the ground. I am happy to see platforms like the India Clean-Up Confluence bringing people together, and I hope we can build stronger partnerships with these organisations to work across Delhi’s communities and wards,” he noted.

The Confluence featured key speakers including Peepal Baba (Environmentalist, Give Me Trees Trust), Ramveer Tanwar (Pond Man of India), Dr. Pulak Bhaumik (CEO, Data Centres, Listenlights), Jagan Shah (Senior Expert, Urban Development Policy and Practice, IIT Delhi), Utsav Kamboj (CEO & Founder, Archea; Architect and Urban Designer), Anjan Rao Puttige (District Cooling Expert, UNEP) and Pratima Singh (Director, Air Pollution and Waste Management, iForest).

“ICUC was created to bring people who are already doing the work together, so they can learn from each other and find ways to work together. This year’s edition in Delhi has shown us how much can come from simply creating that space,” said Maansi Desai, Co-founder, India Clean-Up Confluence.

Freishia B, Co-founder, India Clean-Up Confluence, said, “The idea has always been to look beyond individual clean-up drives and build a stronger community around environmental action. With ICUC 3.0, we saw organisations, volunteers, corporates and young people come together with the same intent to learn, collaborate and take action.”

“We are proud to support ICUC 3.0 and its efforts to bring together changemakers, organisations and communities working towards a cleaner, more sustainable future. The confluence’s focus on collaboration and turning environmental intent into action strongly resonates with our belief in making conscious, meaningful choices.” said Leshna Shah, Founder at Irasva Fine Jewellery & CCO at With Clarity CEO RD2C Ventures.

Dr. Pulak Bhaumik, Chief Executive Officer – Data Centers @ Listenlights Pvt. Ltd. said “At Listenlights, we believe meaningful change comes from bringing people, ideas and action together. Supporting ICUC 3.0 gave us an opportunity to be part of a platform that brings diverse voices from across India’s environmental ecosystem into one conversation. The scale and diversity of this year’s confluence is encouraging, and we hope collaborations like these continue to create meaningful pathways for collective environmental action.”

A new addition to ICUC 3.0, the Mentor Matchmaker brought NGOs together with experienced professionals from the corporate and business world, creating a space for practical guidance, knowledge-sharing and meaningful connections. The initiative was designed to help participating organisations draw on corporate expertise, strengthen their work and explore new opportunities for collaboration. The first set of pairings included Harit Yuva Foundation with Anuj Ramatri, Lending Hands Foundation with Pulak Bhaumik, Project Mathura with Alok Varma of HCL Foundation, and Swasti Dass Sewa Sansthan with Matthew Mathai.

The Critical Infrastructure: When Development Meets Sustainability session explored how cities can grow and build for the future while keeping environmental needs in focus. Conversations ranged from urban planning, water, energy and waste to technology.

The Green Pay-Cheque session explored the growing career opportunities in the sustainability sector, including how the shift towards a greener economy is creating new roles and pathways for young professionals. The discussion also looked at how AI is changing the nature of work, while many sustainability roles continue to rely on human judgement, creativity, field experience and the ability to work closely with communities and the environment.

The programme also featured an enthralling performance by Mahi J, a rapper and environmental activist bringing a distinctly Gen Z voice to the Confluence and connecting younger audiences with the conversation around environmental action.

The day also saw the recognition of 10 Safai Yodhas working with Chintan in collaboration with the MCD. Each worker received a health package worth ₹15,000, supported by Fortis Escorts New Delhi. ICUC has recognised sanitation and waste workers for the past two years, with this year’s programme also amplifying this felicitation with a health check-up component.

The second day took the conversation outdoors with a clean-up at the Red Fort and Angoori Bagh Park, with more than 500 volunteers from across Delhi NCR taking part.

Since its first edition in 2024, ICUC has grown from 200+ delegates and 50 organisations to 350+ participants and 60+ organisations and citizen movements in 2025, with over 60 lakh in reach.

About India Clean-Up Confluence

India Clean-Up Confluence (ICUC) grew out of Carter Clean-Up, founded by Maansi Desai and Freishia B, which has since mobilised 10,000+ volunteers across 245+ beach clean-ups and removed 140,000+ kg of waste and debris from Carter Road.

ICUC aims to connect people working on different environmental challenges, create opportunities for knowledge-sharing and mentorship, and encourage collaboration between grassroots organisations, citizens, corporates and other stakeholders. Its annual Confluence combines conversations and learning sessions with recognition, networking and on-ground environmental action.

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Windsor Capital Completes $50 Million Strategic Investment in Space Labs

Investment for a 4.9% minority stake implies an approximately $1 billion post-money valuation for the Slovenian technology company.

HONG KONG and LJUBLJANA, Slovenia, Sept. 24, 2026 /PRNewswire/ — Windsor Capital today announced the completion of a $50 million strategic investment in Space Labs d.o.o., a Slovenian technology company developing proprietary protocols, blockchain infrastructure and digital economic systems for real-world applications.

The investment was made for a 4.9% minority interest in Space Labs, implying a post-money valuation of approximately $1.02 billion.

The transaction concludes a process spanning more than two years, including completion of contractual milestones and financial, technical and legal due diligence.

The $50 million in primary capital will support Space Labs’ international expansion and accelerate development of its technology infrastructure and real-world applications.

At the center of Space Labs’ technology is the RWD Protocol – Real World Digitalization Protocol, designed to connect real-world projects and businesses with capital and global communities through blockchain, smart contracts and transparent digital processes. Rather than simply tokenizing assets, RWD is designed to digitalize participation itself.

As an initial commercial collaboration, Space Labs and Windsor Capital are developing a vehicle distribution channel through Windsor’s international automotive and industrial network, with phased distribution across multiple international markets.

“This partnership is about much more than capital. The $50 million investment gives Space Labs financial strength, while Windsor brings global relationships and real-world opportunities into the technology infrastructure we have built,” said Igor Šinkovec, Founder and CEO of Space Labs.

“Space Labs has built technology addressing a global opportunity. Combined with Windsor’s international network, we believe this partnership can create something significantly larger than either side could build independently,” said John M. Probandt, Chairman, Founder and CEO of Windsor Capital.

About Space Labs

Space Labs d.o.o. is a Slovenian technology company developing proprietary protocols, blockchain infrastructure, smart contracts and digital economic systems for real-world applications, including the RWD Protocol and SpaceM technology ecosystem.

spacelabs.si

About Windsor Capital

Windsor Capital is a Hong Kong-headquartered diversified group with interests across automotive, advanced manufacturing, biotech and international supply chains.

windsorcapital.net 

windsor.business

www.windsorprestigecoltd.com

Forward-Looking Statements 

This release contains forward-looking statements subject to risks and uncertainties. Actual results may differ materially from expectations. Nothing herein constitutes an offer or solicitation to buy or sell any security or financial instrument.

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AMD CEO Shares Trump-Xi Expectations at IMPERIA Summit: NYSE Content Update

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

NEW YORK, Sept. 24, 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. 

Ashley Mastronardi delivers the pre-market update on September 24th

• AMD CEO Lisa Su shared her thoughts on AI at the inaugural IMPERIA Summit.
  • Su will be in attendance for the summit between President Donald Trump and Chinese President Xi Jinping.
  • She says tech leaders will want to ensure there is ‘good stability’ across the tech ecosystem. 
  • Wednesday’s IMPERIA Summit focused on the global economic power of women.
• groundcover to detail its acquisition of Wand on NYSE Live.
  • groundcover Co-founder + CEO Shahar Azulay will join NYSE Live to discuss how the move underscores the importance of observability in AI.
  • In a statement, groundcover adds that the acquisition brings together the context required to understand production, and the ability to act on it safely.
• Intercontinental Exchange kicks off its 2026 Climate & Capital Conference.
  • The event, hosted by Intercontinental Exchange (NYSE: ICE), takes place during Climate Week NYC.
  • Notable topics range from how climate is impacting the cost of living to adaption and resilience.

Opening Bell

H.E. Anutin Charnvirakul, Prime Minister of Thailand, Rings The Opening Bell®

Closing Bell

H.E. Keiko Fujimori, President of the Republic of Peru, Rings The Closing Bell®

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

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44 million views later, the musical short “IS IT JUST A GAME?” reveals new clues about the video game PAPmusic Game, coming in 2026

MILAN, Sept. 24, 2026 /PRNewswire/ — After two campaigns that transformed the mystery of PAPgame into an internationally shared musical story, Italian artist and director LeiKiè returns with “IS IT JUST A GAME?”, the third song and third video produced by Not Just Music in the journey leading to revealing PAPgame, the video game now confirmed for Android and iOS and scheduled by the end of 2026. 

Watch “IS IT JUST A GAME?” and discover the new PAPclues. 

The first two chapters, “BREAKING PAPnews” and “I Play PAPmusic Game”, generated a combined total of over 44 million views worldwide across social media, more than 3,500 publications in international media, and 120 pieces of content created by Italian TikTokers. Even the line “If I’m sad, I play PAPgame” began living independently across social media through new phrases, jokes, and memes. 

New video, new PAPclues

In “IS IT JUST A GAME?”, She and He return – protagonists of the Italian animated feature film PAPmusic – Animation for Fashion – wearing the exact same outfits seen at the beginning of the movie. 

She has lost a shoe, and He follows her into a maze populated with images of PAPgame. When he finally slides it onto her foot, the expected romantic epilogue is turned upside down: She transforms into a smiling, toothless old woman, played by LeiKiè herself. 

Dentures, toilet plungers, and surreal characters sabotage every attempt at seduction, as music, visuals, and gameplay meet in a continuous interplay between romance and nonsense. The video culminates in a dance routine with 30 characters, comprising story characters and target roles of PAPgame. 

PAPgame reveals itself

The new short musical film “IS IT JUST A GAME?” confirms that PAPgame will be released on Android and iOS, while the question remains open for PC. The visuals show first-person gameplay, but PAPgame will also include other modes and experiences yet to be revealed. 

The video game will also feature the PAPlist, with tracks from the soundtrack of PAPmusic – Animation for Fashion, special songs dedicated to PAPgame, and songs from LeiKiè’s repertoire, alongside 35 PAPranks allowing players to unlock rewards in My PAPcollection. 

«PAPgame hasn’t been released yet, but in a way, the game has already begun,» states LeiKiè. «A traditional trailer shows you a game. We wanted to start playing with the audience, uncovering the mystery through music videos. Every song dedicated to PAPgame reveals a new PAPclue, and every answer raises a new question.» 

PAPgame was not announced through a traditional trailer: each new song and video gradually reveals a part of it. The first musical chapter created the mystery, the second revealed the video game, and the third shows new elements. 

PAPgame will be released by the end of 2026. The exact date remains secret: will it be revealed through a fourth new music video, or through a trailer? 

Website: https://www.not-just-music.it/

Instagram: @papmusicofficial

TikTok: @papmusicofficial

YouTube: @PAPmusicOfficial 

Contacts: info@not-just-music.it

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ZOOMLION Completes First Delivery of DX7004, the World’s Most Powerful Hybrid Wheeled Tractor

CHANGSHA, China, Sept. 24, 2026 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”) has completed the first delivery of its DX7004 hybrid tractor at the 2026 Heilongjiang International Agricultural Machinery Exhibition in Heilongjiang, northeast China. The handover marks the 700-horsepower DX7004’s entry into customer deployment and represents an important step in the commercial rollout of Zoomlion’s ultra-high-horsepower hybrid agricultural machinery.  

Previously introduced by Zoomlion as the world’s most powerful hybrid wheeled tractor, the DX7004 is purpose-built for intensive, large-scale farming operations. Its dual motors deliver a rated output of 700 horsepower and a peak output of up to 1,200 horsepower. The tractor is built on Zoomlion’s self-developed hybrid power architecture, with its core components and control systems also developed in-house. The model also integrates a digital chassis and smart control systems, along with Zoomlion’s EPiot smart driving system and AOS intelligent operations platform. Together, these systems enable autonomous driving and centimeter-level precision.

Beyond power, the DX7004 is designed to improve fuel efficiency and field productivity. Compared with leading international tractors in the same horsepower class, the model can reduce fuel consumption by 10% to 40% and improve operating efficiency by 15%. The tractor also features a power-coupling transmission architecture developed by Zoomlion, which enables stepless speed adjustment across road travel and field operations to accommodate different working conditions.

The first unit was delivered to a large-scale grower from Harbin, Heilongjiang, one of China’s major grain-producing provinces. The province’s large-scale, mechanized farming sector creates strong demand for high-horsepower, high-efficiency equipment, making the delivery an important step in bringing the DX7004 into a market where its capabilities are directly relevant.

The DX7004 was officially launched at Zoomlion Smart Industry City in Changsha on Sept. 28, 2025. Building on that launch, the latest delivery advances Zoomlion’s “High-End, International, and New Energy” strategy for agricultural machinery and reflects the company’s continued investment in hybrid and intelligent technologies.

Looking ahead, Zoomlion will continue to invest in new energy and intelligent agricultural machinery technologies and advance product development for large-scale farming. The company aims to improve operating efficiency and energy utilization while supporting the wider adoption of high-end agricultural equipment across international markets.

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Nexteer Opens New Liuzhou Plant, Advancing Smart Manufacturing and Supply Chain Collaboration

LIUZHOU, China, Sept. 24, 2026 /PRNewswire/ — Nexteer Automotive (Liuzhou) Co., Ltd. officially opened its new plant today. Since establishing operations in Liuzhou in 2015, Nexteer has continued to strengthen its local presence, producing more than 12 million steering system units at its Liuzhou operations. To further meet growing demand from domestic and global customers and support continued expansion into overseas markets such as Southeast Asia, the opening of the new plant represents a comprehensive upgrade of Nexteer’s smart manufacturing and supply chain collaboration capabilities, bringing new momentum into the high-quality development of the regional automotive industry.

Covering an area of more than 40,000 square meters, the new plant is equipped with modern production facilities, R&D and laboratory areas, a test track, an employee center and other supporting facilities. The plant will focus on key products such as Column-Assist Electric Power Steering systems, Manual Steering Gears, motor controller modules, controllers, motors and related components. As related production and operations gradually transition to the new plant, its digital, automated and lean operating models will significantly improve production efficiency, product quality and customer responsiveness, providing strong support for the continued innovation and scaled manufacturing of Nexteer’s advanced steering systems and motion control products.

As an important part of Nexteer’s smart manufacturing strategy, the launch of the new plant represents not only a step forward in manufacturing capacity, but also a deeper implementation of Nexteer’s industrial collaboration strategy. The supplier collaboration industrial park planned around the new plant will promote closer cooperation across the value chain, continuously enhancing supply chain resilience, localized support capabilities and overall operational efficiency, while jointly building a more efficient and competitive automotive components ecosystem.

While strengthening its manufacturing and supply chain foundation, Nexteer is also responding to the automotive industry’s accelerated shift toward electrification, intelligent mobility and software-defined vehicles. With the new plant’s high-standard manufacturing platform and flexible production capabilities, Nexteer will not only further expand scaled delivery of its existing core products but also create flexibility for the future deployment of advanced technologies such as Motion-by-Wire™. With continuously upgraded manufacturing and delivery capabilities, the new Liuzhou plant will be better positioned to support customers’ innovation needs and help advance the future of mobility.

“Liuzhou is one of Nexteer’s important strategic locations in China. Over the past decade and more, we have grown alongside our customers and worked hand in hand with our employees and have experienced firsthand the vitality and resilience of Liuzhou’s automotive industry,” said Jun Li, Senior Vice President, CSO, CTO & Asia Pacific Divisional President, Nexteer Automotive. “The official opening of the new plant today is not only an important milestone in Nexteer’s development in Liuzhou, but also a strong commitment to our continued investment in China and to serving local customers. Going forward, we will leverage more advanced manufacturing capabilities and industrial collaboration advantages to continue creating value for customers and supporting the high-quality development of the regional automotive industry.”

“The automotive industry’s transition toward electrification, intelligent mobility and software-defined vehicles is creating new expectations for speed, flexibility and execution,” said Robin Milavec, President, Global COO & Executive Board Director, Nexteer Automotive.  “Our new Liuzhou plant strengthens Nexteer’s global manufacturing network with advanced, flexible capabilities that will help us respond more quickly and reliably to evolving customer needs. It also positions us to support the continued development and industrialization of our Motion-by-Wire™ portfolio across steering, braking and software.”

Looking ahead, the new Liuzhou plant will closely collaborate with Nexteer’s Asia Pacific Technical Center in Suzhou and its global manufacturing network, fully leveraging the advantages of local manufacturing and global innovation to continue providing customers with high-quality products and innovative solutions, while contributing to a future of safe, green and exciting mobility.

About Nexteer Automotive

Nexteer Automotive (HK 1316) is a global leading motion control technology company accelerating mobility to be safe, green and exciting. Our innovative portfolio supports by-wire chassis control, including electric and hydraulic power steering systems, steer-by-wire and rear-wheel steering systems, steering columns and intermediate shafts, driveline systems, software solutions and brake-by-wire. Celebrating 120 years of automotive innovation in 2026, Nexteer builds on a strong legacy of engineering excellence while continuing to shape the future of mobility. The company solves motion control challenges across key industry shifts – including electrification, software/connectivity, ADAS/automated driving and shared mobility – for global and domestic OEMs around the world including BMW, Ford, GM, RNM, Stellantis, Toyota and VW, as well as automakers in India and China including BYD, Xiaomi, ChangAn, Li Auto, Chery, Great Wall, Geely, Xpeng and others. www.nexteer.com

Nexteer’s Media Center

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112 Teams from 20 States & 6 Countries Debate Emerging AI, IPR Challenges in Chandigarh University’s International Moot Court ‘Juris Nexus 2026’

Chandigarh University Hosts International Moot Court ‘Juris Nexus 2026’, Bringing Global Legal Minds Together Debate Emerging Legal Challenges on AI & IPR in Digital Age

CHANDIGARH, India, Sept. 24, 2026 /PRNewswire/ — Bringing together budding legal minds, judges, eminent legal professionals, researchers and academicians from across the globe, the three-day ‘Juris Nexus 2026’, India’s biggest International Moot Court Competition on Artificial Intelligence (AI) and Intellectual Property Rights (IPR), kicked off at Chandigarh University, providing law students with a platform to gain real-world exposure to emerging legal challenges of the digital age through simulated judicial proceedings, academic exchange and deliberations on cutting-edge legal questions shaping national and international legal frameworks. With a prize pool of over Rs 1.8 lakh, Juris Nexus 2026 features 112 teams from 20 States and six countries representing 13 national law universities, 27 state universities and 67 private higher educational institutions.

The dignitaries who graced the inauguration ceremony of ‘Juris Nexus 2026’, organised by the University Institute of Legal Studies (UILS), Chandigarh University included chief guest, Justice Rajesh Bindal, former Supreme Court Judge and Chief Justice of Allahabad High Court, Justice Sant Parkash, Chairperson, Punjab State Human Rights Commission, Prof (Dr) SS Sehgal, Vice-Chancellor, Chandigarh University, Prof (Dr) Amar Pal Singh, Vice-Chancellor, RMNLU, Lucknow and Prof (Dr) Simranjit Kaur Gill, Executive Director, UILS.

The 112 participating teams represent 20 States — Andhra Pradesh, Assam, Chandigarh, Delhi, Gujarat, Haryana, Himachal Pradesh, Jammu and Kashmir, Jharkhand, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Punjab, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, Uttarakhand and West Bengal. Besides India, five countries including United Kingdom, Bangladesh, Malaysia, Nepal, and South Africa are participating in the Moot Court Competition which includes multiple rounds before the final competition. While the winner will get a prize of Rs 1 lakh, the runner-up will receive a prize of Rs 50 thousand. Besides this, a prize of Rs 11,000 will be given to Best Memorial, Best Mooter and Best Researcher.

In his keynote address, Justice Rajesh Bindal, former Supreme Court Judge and Chief Justice of Allahabad High Court, said, “India has largest population of Gen Z (demographic cohort of people born roughly from 1997 to 2012) in the world as they form 28 % of country’s total population. But our young generation should not waste their energies on negative things because they can do wonders. Large number of Indians are controlling the top MNCs and the top IT and management companies in the world. But few of them there only, rest are here in India wasting time on the activities like protests. Be positive, use your energies in some positive things. You have good ideas, great ideas, use them. You have seen how our country is growing especially despite the disturbance all over the world. So, unless our country is strong, we can’t fight with the world. In-house fighting should be stopped, so, that every Anybody knows we are one. Foreign powers instigate us to fight among ourselves because they want our country should not be strong for their own interest.”

Justice Bindal further said, “Attention and application of mind is the most important thing legal profession, but this has been outsourced to AI. That should not be there, AI should be used as a tool to some limited extent Like for searching the judgments. AI softwares used scale large data and if they don’t have the data, they create synthetic data. As a result, fake citations are cited in the court and this is the case not only in India but all over the world. In AI drafted petitions, lawyers fail to answer on things mentioned in the petition. So learning will not there without application of mind. This is a big challenge. In legal profession, every day is a new learning experience. Many new laws have been introduced recently and more than 20 laws have been merged. So lawyers need to continue learning and there has to be regular education educational program for the lawyers also like doctors and accountants. it’s better to spend time more time on thinking than reading.”

“Every lawyer wants to start practice in the Supreme Court only. But the Supreme Court only has about 70-80,000 cases and about 70 to 80 lakh cases are pending in High Courts. But more than five crore cases are pending in the trial courts. As more there as 80% of the litigation is finally disposed of in the trial court only, more scope and practical learning is in the trial court only where you have direct interaction with the client also and the judge,” he added.

In his address, Justice Sant Parkash, Chairperson, Punjab State Human Rights Commission, said, “AI may augment judicial intelligence but cannot replace judicial conscience. AI has a defined support function but AI cannot be allowed to become the judge. The final determination of rights, equities, and justice must remain in matter of human judicial responsibility. So future lawyers will have to use technology like AI but they can’t accept whatever technology produces blindly. The real challenge will be to combine technological ability with professional ethics, independent reasoning, and human empathy. And this is precisely why a good code on an artificial intelligence and intellectual property right is so relevant for the present time.”

“AI also raises difficult questions for intellectual property. If an AI system creates an image, a piece of music, literature or computer code, who owns it? How do we protect artist, writers, tutors and innovators while ensuring that legitimate technological innovation is not unnecessarily restricted? These questions do not have simple answers. The law will have to find a careful balance between innovation and protection, creativity and ownership, access in the accountability. Future lawyers will need to understand not only statues and precedents but also algorithms, data, cyber security, digital evidence, AI systems and intellect. But technology will never remove the fundamental purpose of law to deliver justice.”

Earlier in his welcome address, Prof (Dr) SS Sehgal, Vice-Chancellor, Chandigarh University, said, “AI has specially accelerated the pace of innovation across the world with number of AI-related patents filed worldwide going up to over 3.40 lakh by 2025 and US registering 33% increase in AI patents since 2018. But the same time, AI has also led to a dramatic increase in subsequent legal battles. Over 1,000 AI-related lawsuits were filed globally between 2020 and 2025 as it’s now a big challenge to define and defend IPR boundaries in AI-generated works under the existing IPR laws. Since crossroads of AI and IPR is one of the most important legal issues of the 21st century, this International Moot Court Competition has been carefully crafted to reflect real-world disputes arising at the intersection of technology and law.”

Prof (Dr) Amar Pal Singh, Vice-Chancellor of Dr. Ram Manohar Lohia National Law University, Lucknow, said skills such as proficient drafting, the accurate preparation of case records, and the art of effective cross-examination are crucial for a successful lawyer. He said students should not limit themselves merely to preparing final arguments for higher courts but should also understand the entire litigation process in lower courts.

About Chandigarh University

Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.

Website address: https://www.cuchd.in/

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Odisha Begins Work on Sustainable Urban Mobility Transition Plans for BKPPER Region

Bhubaneswar, Sept. 24 (UDN): The Odisha government has initiated work on a comprehensive sustainable urban mobility framework for the Bhubaneswar-Cuttack-Puri-Paradip Economic Region (BKPPER), with a focus on integrated regional transport planning, public bus transformation and stronger institutional mechanisms.

An inception workshop on the “Preparation of Sustainable Urban Mobility Transition Plans for Odisha” was held at Kharavela Bhawan in Bhubaneswar on Thursday by the Housing and Urban Development Department in collaboration with the Asian Development Bank (ADB).

Focus on Integrated Regional Mobility

The initiative seeks to prepare a long-term mobility framework for the rapidly urbanising BKPPER region. Key components include a Comprehensive Regional Mobility Plan, a roadmap for transforming bus services and a draft Transit-Oriented Development Policy for Odisha.

During the workshop, the ADB and its consultant team presented key findings and recommendations from the inception report. Officials and stakeholders from various departments discussed the proposed mobility measures and their implementation.

The initiative is aligned with the long-term objectives of Odisha Vision 2036 and Vision 2047.

Mobility Linked to Access and Productivity

Housing and Urban Development Department Additional Chief Secretary Usha Padhee stressed that the exercise should result in an implementable framework rather than remain limited to the preparation of a policy document.

She highlighted the importance of mobility in connecting people with essential services, employment and economic opportunities, and called for coordinated planning as Odisha enters a significant phase of urbanisation.

“Odisha is in a position where we can put the right systems in place as we move towards the next level of urbanisation,” Padhee said, underlining the need to incorporate sustainable mobility principles at an early stage.

ADB Transport Sector Office Director Kanzo Nakai also highlighted the relationship between urban mobility, productivity and economic development. Referring to an ADB study of six major metropolitan cities, he noted that lengthy daily commutes can result in substantial productivity losses.

Officials, Stakeholders Participate

Transport Commissioner Amitav Thakur, Director of Municipal Administration Arindam Dakua, CRUT Managing Director Md. Siddique Alam, IDCO Managing Director D. Prasant Reddy and BDA Vice-Chairman Chanchal Rana were among the officials attending the workshop.

Representatives from the Works Department, OSRTC, police, IDCO and other agencies, along with officials from Cuttack, Puri, Khordha and Jagatsinghpur districts, also participated.

From the ADB and consultant team, Senior Transport Advisor Saugata Dasgupta, consultants Bankim Kalra and Zohra Mutabanna, Ankush Malhotra and Pritha Ghosh Chatterjee of SYSTRA, among others, took part in the deliberations.

The discussions are expected to feed into an integrated mobility transition framework aimed at improving connectivity, public transport, efficiency and inclusiveness across Odisha, with the BKPPER region serving as a key focus area.