Category Archives: News

Retired Air Marshal Jeetendra Mishra Takes Charge as Ram Temple Trust CEO

Ayodhya, Sep 3: Retired Air Marshal Jeetendra Mishra arrived in Ayodhya on Thursday to begin his new role as the first Chief Executive Officer of the Shri Ram Janmabhoomi Teerth Kshetra Trust, which oversees the management and operations of the Ram temple.

Mishra, who previously headed the Indian Air Force’s Western Air Command, said he felt deeply grateful for the opportunity and considered his appointment a matter of great fortune. He said his first priority would be to understand the organisation and its existing systems before deciding on future plans.

The 62-year-old former Air Force officer was appointed to the post on Wednesday following a selection process that received 5,585 applications. He was chosen from a final shortlist of three candidates.

Mishra retired as head of the Western Air Command on April 30, 2026. During his military career, he also played a leadership role during Operation Sindoor.

After reaching Ayodhya, Mishra said his familiarity with Uttar Pradesh and regular visits to places such as Deoria, Gorakhpur and Varanasi would help him understand the region and its development. He said Ayodhya was also moving forward as part of the wider development taking place across Uttar Pradesh and the country.

His appointment comes as the temple trust strengthens its administrative structure and focuses on improving the management of the temple and services for devotees.

The new CEO is expected to play a key role in streamlining the trust’s administrative operations and coordinating its expanding responsibilities as visitor numbers and activities around the Ram temple continue to grow.

Zendure Introduces Agentic HEMS at IFA 2026: “The Home Energy Hub of the AI Era”

Zendure moves home energy beyond AI scheduling to a system-level intelligence that can predict, plan, and act on its own — powered by the proprietary ZenPulse forecasting model, ZENKI™ AI Agents, and the open Zen+OS platform.

BERLIN, Sept. 3, 2026 /PRNewswire/ — Zendure, a global pioneer of plug-in home energy management systems (HEMS), today unveiled its vision for “The Home Energy Hub of the AI Era” ahead of IFA 2026. At the show, the company will introduce Agentic HEMS, a system-level leap that takes the smart home beyond one-off AI scheduling toward home energy that predicts, plans, and acts autonomously. Visitors can experience it at Hall 2.2, Stand 124, from September 4 to 8.

From AI Scheduling to Agentic HEMS

Home energy has entered an era of multi-energy, multi-device, real-time coordination. Solar generation, batteries, EVs, heat pumps, dynamic electricity tariffs, and household loads are increasingly interconnected, and the system must balance savings, comfort, battery longevity, and safety all at once. Traditional AI scheduling answers only what to charge or discharge right now, no longer enough for truly autonomous, long-term energy management.

Agentic HEMS is Zendure’s answer. Rather than adding one more AI feature, it turns the home energy system into an intelligent agent that senses its environment, predicts what comes next, understands the household, plans ahead, acts on its own, and learns from every result. It is built on three layers working as one: ZenPulse, a proprietary large time-series model that forecasts PV generation, prices, loads, and weather. ZENKI™ AI Agents, which turn those forecasts into decisions and actions across savings, comfort, battery life, and safety. Zen+OS, an open platform that connects those decisions across the entire home.

An Open Ecosystem That Keeps Evolving

Openness sits at the core of the platform. Zen+OS is built on open APIs and an open ecosystem, letting users, developers, installers, and partners build their own energy strategies. Today it integrates with leading smart-home platforms including MQTT, Home Assistant, and Homey, supports more than 90% of common household loads, connects with 870+ energy providers across Europe serving over 150 million users, and is compatible with 5,000+ heat-pump models, major rooftop solar inverters, and leading EV chargers. Beyond these open integrations, Zendure also offers ZenWave™, its own dynamic electricity tariff, so the system can automatically buy power when prices are lowest.

With Agentic HEMS, Zendure aims to define a new category for the industry: home energy that doesn’t just respond, but thinks ahead. Predict. Decide. Act. Automatically.

On the Show Floor at IFA 2026

On the show floor, Zendure will present the ZEN + Home living facade, a whole-home vision of intelligent energy, anchored by three products:

• SolarFlow Mix series — Zendure’s whole-home plug-in storage line that pairs home-storage-level capacity and power with plug-in simplicity, scaling modularly from a single unit toward whole-home capacity.
• PowerHub — The central gateway of the ecosystem, coordinating multiple SolarFlow Mix units, rooftop PV, EV chargers, and heat pumps into one whole-home system with UPS-level backup.
• SolarFlow 2400 series — Zendure’s compact, plug-and-play balcony and retrofit storage tier for fast, low-barrier installation.

Integrated with PowerHub, the SolarFlow Mix series shows whole-home energy management in action, alongside the SolarFlow 2400 series. Zendure will also extend clean energy from the home to the road with its Eco-Mobility experience, featuring the Zendure Cargo bike “RangeFlow” and smart EV charging with the EVFlow AC Series smart wallbox, both integrated with HEMS 2.0, so families can power e-bikes and EVs with energy generated at home. And through the combination of RangeFlow and smart EV charging, Zendure formally completes its clean energy loop of generation, storage, and usage. Visitors can either test-ride the Cargo on the IFA Mobility Track (Stand MT-113) or join the interactive E‑cargo game at the main booth.

About Zendure

Driven by our purpose to accelerate a sustainable future, Zendure is a global pioneer of plug-in HEMS. With R&D and operations centers spanning major tech hubs like Silicon Valley and the Greater Bay Area, alongside Japan and Germany, our vision is to become The Home Energy Hub of the AI Era. Zendure’s mission is to empower every household worldwide with the ultimate freedom of energy control. We deliver this through the SolarFlow ecosystem—combining modular storage, intelligent power management, and flexible solar input. Scaling seamlessly from plug-and-play and retrofit storage to whole-home energy management, SolarFlow maximizes self-consumption, reduces grid dependence, and ensures reliable backup.

Powering this ecosystem is Zendure’s Agentic HEMS, a layered system integrating hardware, software, predictive models, and intelligent agents. By drawing on consumption, solar, weather, and dynamic pricing data, it automates energy decisions across storage, usage, and purchasing. Ultimately, this intelligent platform optimizes energy efficiency, shifts loads to lower-cost periods, and significantly reduces electricity costs.

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Nepal Flood Disaster Deepens as Death Toll Crosses 1,200

Kathmandu, Sep 3: Nepal is continuing to grapple with the aftermath of devastating flash floods, with the death toll rising to 1,243 as rescue teams battle heavy rain, mud and debris to locate people still missing.

Rescue operations remain focused on areas along the Bhotekoshi River, where authorities fear some people could be trapped inside tunnels and underground power facilities. Difficult weather and debris have made access to several locations challenging.

Prime Minister Balendra Shah has urged the international community to take a closer look at the possible role of climate change in the disaster. He said the issue needs greater global attention as Nepal works to recover from the widespread destruction.

The tragedy has left families facing uncertainty, with some holding symbolic funeral ceremonies for relatives who remain missing.

India has stepped up its relief assistance to Nepal, sending more than five tonnes of essential medicines along with an 11-member specialised rescue team. The team has also brought more than six tonnes of rescue equipment to assist local authorities in ongoing search and relief operations.

Authorities and rescue workers are continuing their efforts to reach isolated communities, search for missing people and provide essential assistance to those affected by the floods.

The disaster has once again highlighted the vulnerability of Himalayan communities to extreme weather events and the need for stronger preparedness and rapid emergency response systems.

ITP Media Group secures major acquisition of APAC’s Heart Media Group sparking international expansion across Asia

The landmark deal in the 40-year history of the Middle East-headquartered business establishes one of the world’s leading independently-owned media groups – with the company eyeing further international growth.

DUBAI, UAE, SINGAPORE and KUALA LUMPUR, Malaysia , Sept. 3, 2026 /PRNewswire/ — ITP Media Group, one of the largest media companies in the Middle East, today announced the acquisition of Singapore-headquartered Heart Media Group, a leading luxury and lifestyle media house. The combined business will now operate in markets home to more than 2 billion people, connecting brands with affluent consumers across the GCC, India and Asia-Pacific.

Adding Heart Media’s operations, ITP Media expands to three new international markets: Hong Kong, Malaysia and Singapore. Heart Media brands and teams will operate under the ITP Media name, with integration phased to protect editorial identity, client relationships and trust of audiences. It builds on ITP Media’s existing operations in India, Lebanon, Saudi Arabia, UAE, UK, USA and Qatar.

South East Asia represents one of the fastest-growing markets for the media and entertainment industry, expanding at 6% per year with some markets up to 8.4% (PwC Global E&M Outlook). ITP Media’s investment aligns with growing demand amongst wealthy audiences in these regions, increasingly looking for media and luxury brands that serve their interests. Hong Kong has overtaken Switzerland as the top hub for cross-border wealth (BCG Global Wealth Report), while there are more than 4,000 single-family offices across Hong Kong and Singapore, quadrupling over the past five years. Malaysia is anticipated to see a 20% climb in ultra-high-net-worth individuals over the next five years (Knight Frank). 

Heart Media’s publications – including ELLE, Esquire, Grazia, LUXUO, Men’s Folio, NOBLE, WOW (World of Watches) and Yacht Style – cater to these affluent audiences, providing ITP Media with access to new customers.

The group has earmarked investment to support the acquisition, including bolstering existing teams, supporting local economies and creating job opportunities across editorial, digital, design and live events.

These teams will roll-out cross-border digital media, events, gaming tournaments, brand activations and live sporting experiences. Through the group, luxury brands will access a streamlined cross-border platform, enabling advertising and sponsorship opportunities that connect with high-net-worth audiences across multiple markets.

ITP Media Group CEO, Ali Akawi, said: “At its core, ITP Media Group has always been about creating powerful content that connects people. As we look forward, our roadmap is focused on massive global scale. We are committed to a multi-year strategy of expansion and targeted acquisitions to build a media ecosystem capable of reaching billions worldwide. The acquisition of Heart Media Group strengthens our foundation as we scale our platforms, embrace new media technologies and bring world-class storytelling to a truly global audience.” 

Olivier Burlot has propelled Heart Media Group through annual growth across Asia and will now join the ITP Media Group board. As part of a phased equity transition, he will continue to provide strategic licensing direction of owned and operated products.

Heart Media Group CEO, Olivier Burlot, added: “When we built Heart Media, the ambition was always to give Asia’s luxury and lifestyle audiences media truly worthy of them. Joining ITP is the natural next chapter – it takes everything we have created and gives it scale, investment and a bridge into one of the world’s fastest-growing luxury markets. I am proud of what our teams across Asia have built and genuinely excited by what they can now do with ITP’s reach behind them.”

Wilson Lim will continue as Managing Director of ITP Media (Singapore) & ITP Media (Malaysia) with support from current operational, sales and editorial teams, overseeing executive and management duties across the Singapore and Malaysia offices.

ITP’s latest acquisition follows the announcement of a 10-year agreement with Time Out to operate Time Out Hong Kong and Time Out Singapore.

Since 1987, ITP Media has grown from a single B2B brand with five staff, to a multinational business with offices across Asia, Europe, Middle East and North America, serving monthly audiences of over 200 million people. With this acquisition, ITP Media now has physical presence in 10 countries with a portfolio of 90 brands.

itp.com

Media contact: 

Jonathan Ivan-Duke

duke+mir

jon@dukemir.com

+971582857333

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AssetPlus Launches Portfolio Management Services to Help MFD Partners Grow and Retain High-Net-Worth Clients

AssetPlus is the first platform in India to give MFD partners daily portfolio updates for their PMS clients.

CHENNAI, India, Sept. 3, 2026 /PRNewswire/ — AssetPlus, a fully digital wealth management platform designed for India’s Mutual Fund Distributors (MFDs), has launched Portfolio Management Services (PMS). Backed by dedicated support at every step, certified partner MFDs can now onboard, track, manage and report on PMS for eligible high-net-worth clients from within AssetPlus. Distribution requires the NISM Series-XXI-A certification mandated by SEBI, for which AssetPlus Academy provides end-to-end training and support.

Assets in the HNI-facing PMS segment, excluding EPFO and provident fund money, have crossed ₹10 lakh crore, according to SEBI data, up from about ₹5 lakh crore in FY21. The client base has grown alongside it, to roughly 2.2 lakh, per SEBI and APMI data. SEBI has also simplified PMS distribution, introducing formal registration for distributors through the APRN framework. As MFDs’ own clients cross this threshold, partners have typically had to track the relationship on a second, disconnected system. AssetPlus believes serving this segment well means giving partners a way to manage that relationship themselves, not hand it off.

“Some of our partners have worked with the same client since AssetPlus’s earliest years, when their first investment was a modest SIP,” said Vishranth Suresh, Co-founder and CEO, AssetPlus. “A decade on, that client’s wealth has grown many times over, and with PMS, so has their partner’s ability to serve them. That’s the kind of platform we want AssetPlus to be: one that partners build their entire practice on, not just where they start.”

PMS gives a client an individually managed portfolio, built around their own goals and risk profile, unlike the pooled structure of a mutual fund. It is run by a SEBI-registered Portfolio Manager, and investments sit directly in the client’s own demat account.

AssetPlus partners get:

• End-to-end NISM Series-XXI-A certification training and support through AssetPlus Academy, so partners can get PMS-ready
• One dashboard and app for partners and clients, from onboarding to reporting
• Daily portfolio updates, holdings, performance and valuation in one view, a first for PMS distribution platforms in India

As mandated by SEBI, the minimum investment is ₹50 lakh, and the offering is governed by the SEBI (Portfolio Managers) Regulations, 2020. Disclosure documents and regulatory information are provided by the respective Portfolio Managers.

“Every Portfolio Manager reports holdings and valuations in a different format; most systems reconcile that periodically,” said Awanish Raj, Co-founder and CTO, AssetPlus. “We built AssetPlus PMS to reconcile it daily instead, so partners and clients see an updated portfolio every day, not once a month. That makes us the first PMS distribution platform in India to do it, and it’s the piece we spent the most engineering time getting right.”

AssetPlus works with over 22,000 MFD partners across India, who together manage more than ₹9,000 crore in assets under management, run a monthly SIP book exceeding ₹150 crore, and serve ~2 lakh investing customers. Since its founding in 2016, the platform has expanded from mutual fund distribution into insurance, NPS, LAMF, CFDs and SIFs, with PMS as its newest addition.

PMS, backed by AssetPlus Academy’s certification support, is AssetPlus’s latest step in helping partners serve clients at every stage of their wealth management journey.

About AssetPlus

Founded in 2016, AssetPlus is a fully digitally-assisted wealth management platform built for India’s Mutual Fund Distributors (MFDs). The platform gives partners seamless client onboarding, access to a wide range of financial products, and tools to manage clients efficiently. AssetPlus works with over 22,000 MFD partners across India, who together manage more than ₹9,000 crore in assets under management, run a monthly SIP book exceeding ₹150 crore, and serve ~2 lakh investing customers.

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Rising Ganga Water Triggers Alert in Varanasi, PM Modi Reviews Relief Efforts

Varanasi, Sep 3: Prime Minister Narendra Modi has reviewed the worsening flood situation in Varanasi and asked the local administration to ensure that relief and rescue efforts reach affected people quickly as the Ganga continues to rise.

PM Modi spoke with Varanasi Mayor Ashok Tiwari and District Magistrate Satyendra Kumar to understand the situation on the ground and take an update on the steps being taken by the administration.

Officials briefed the Prime Minister on the areas affected by rising water levels, ongoing rescue operations and arrangements being made for people who may need to move to safer locations. He stressed the need for prompt action and directed officials to ensure that residents face minimum inconvenience during the situation.

The Prime Minister also reviewed arrangements at relief camps and asked the administration to ensure that people staying there receive essential facilities without delay. Officials have also been instructed to remain prepared to arrange additional food, medicines and other relief material if required.

The administration has been asked to keep a close watch on the river and respond immediately to any further rise in the water level. The emphasis is on ensuring public safety while maintaining uninterrupted relief operations.

The Ganga crossed its warning level in Varanasi on Wednesday. According to the Central Water Commission, the river was flowing at 70.29 metres, above the warning mark of 70.26 metres.

The increase in water levels has raised concerns in low-lying parts of the city and areas close to the ghats. The danger level for the Ganga at Varanasi is 71.26 metres, while the highest flood level is recorded at 73.90 metres.

As a precaution, the district administration has temporarily stopped boat operations on the Ganga. Residents, devotees and visitors have also been advised to stay away from the ghats and avoid areas where strong currents or rising water could create a safety risk.

Authorities are continuing to monitor the river closely and assess the situation across vulnerable areas. Relief teams and local officials remain on alert so that assistance can be provided quickly if conditions deteriorate.

The administration’s immediate priority is to protect residents, maintain essential services and ensure that people affected by the rising water receive timely support.

Huawei Unveils Next-Gen Flagship Products at “Chase the Wild” Global Innovative Product Launch Event in Munich

MUNICH, Sept. 3, 2026 /PRNewswire/ — Huawei kicked off its “Chase the Wild” global innovative product launch event on September 2 at SHOWPALAST Munich, Germany. Huawei unveiled a sweeping portfolio of new flagship devices across four key categories: smart wearables, tablets, smartphones, and audio. The event underscored Huawei’s commitment to seamlessly integrating intelligent technology into everyday life, empowering users to pursue their passions with freedom and vitality. 

Wild is chill vitality—to gallop freely, to venture boldly. Wild is tech for all—an invisible power beside you. Wild is the spark of passion, joy, and untamed self-expression. The company emphasized that its latest products are designed to become natural extensions of the users’ lives, whether they are exploring the outdoors, documenting their adventures, or unlocking new creative potential.

Taking center stage, the HUAWEI WATCH GT 7 Series redefines the sports smartwatch category with comprehensive upgrades across design, outdoor sports capabilities, health management, and battery life. The Series features the new EasyCross strap. The GT 7 model is available in 46 mm and 41 mm editions with eight color options, while the GT 7 Pro offers three colorways and incorporates a nano-tech ceramic bezel and titanium alloy middle frame for enhanced durability. For sports enthusiasts, the GT 7 Series introduces industry-first wrist-based turn detection and G-Force detection, alongside new indoor snow sports mode and outdoor ski mapping covering more than 3,000 resorts worldwide. Cycling features now include route planning for climbing, slope alerts, and sharp-turn warnings. On the health front, the upgraded Health Insights offers new features like Physical Readiness scoring and smart health analysis, delivering clearer, more actionable wellness recommendations.

After a one-year hiatus, the all-round smart flagship HUAWEI WATCH 6 Series makes its European comeback. Highlighting high-intelligence design, advanced workout modes, and AI-driven workout analysis, the watch supports independent calling, navigation, and payment functions. Enhanced Health Glance^[i], Health Insights^[ii], and Healthy Living features^[iii] make proactive health management more intuitive than ever.

Huawei also officially launched the HUAWEI WATCH D3, a next-generation blood pressure monitor that has secured European CE-MDR medical certification. The device now supports pre- and post-exercise blood pressure measurement, along with smart blood pressure measurement reminders, delivering more comprehensive wrist-based blood pressure management. This marks a significant step forward for Huawei in the field of digital health management.

For productivity and creativity, Huawei introduced the HUAWEI MatePad Pro 12-inch, a flagship tablet measuring just 4.7 mm thin and weighing 454 grams. It features a 12-inch flexible OLED PaperMatte Display, paired with AI speech-to-text conversion, AI handwriting enhancement, and stylus air gestures, enabling users to create effortlessly anytime, anywhere. In terms of audio devices, Huawei launched the HUAWEI FreeBuds Neo Series, engineered for the modern lifestyle, with a fresh design and immersive sound. In smartphones, the HUAWEI nova 16s series made its debut, delivering a refreshed experience highlighted by exceptional portrait photography capabilities.

To close the event, Huawei announced the global opening of its “GoPaint” Worldwide Creating Activity 2026, which this year adds a new “Easy Creation” category to encourage broader participation in artistic expression. Huawei reaffirmed its ongoing mission to serve global consumers with cutting-edge innovation, exploring how technology can become an ever-present companion in the pursuit of passion and discovery.

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MoxiWorks Expands Global Footprint in India, Appoints Jyotsna Kher to Lead the Operation

MoxiWorks announces a strategic investment in Pune, India to expand talent and infrastructure.

PUNE, India, Sept. 3, 2026 /PRNewswire/ — MoxiWorks, the AI-powered real estate marketing platform, today announced the opening of its Pune, India office, led by Jyotsna Kher, who joins as Managing Director and VP of India Operations. Kher brings deep experience building and scaling high-performing technical organizations and will lead the office’s next phase of growth.

The strategic investment in MoxiWorks’ India operations reinforces the company’s mission to deliver best-in-class native AI software and exceptional customer experiences. The Pune office expands MoxiWorks’ capacity to execute on that mission while providing access to the technical talent and infrastructure needed to keep pace with the rapidly evolving real estate technology landscape.

“Our new Pune office is about building the capacity to better serve the markets where we operate,” said Eric Elfman, CEO of MoxiWorks. “This investment brings together the market expertise of our North American and Australian teams with a true technical powerhouse in India, strengthening our ability to deliver more to the real estate professionals who rely on us.”

Prior to MoxiWorks, Kher served as Vice President of Human Resources at Onit India, helping scale its India operations.

“I’ve chosen to join MoxiWorks because of their forward-thinking investment in a Global Capability Center in India,” Kher said. “Pune has an extraordinary pool of talent, and I’m excited to bring the right people together to help power products like RISE and support the real estate companies and affiliated agents who use MoxiWorks every day.”

The Pune office is fully owned and operated by MoxiWorks, with its own leadership team, and is not an outsourcing arrangement. MoxiWorks remains headquartered in North America. Pune expands the company’s existing technical capacity, adding talent and expertise to support continued innovation across its AI platform, including its flagship product RISE.

About MoxiWorks 

MoxiWorks is the leading real estate AI marketing platform, with offices across North America, Canada, Australia, The United Kingdom, and India. The platform integrates presentations, email, CRM, advertising, and marketing into one connected system powered by native AI. Trusted by more than 3,000 brokerages and 400,000 agents, MoxiWorks helps real estate professionals find, win, and close more deals. Learn more at moxiworks.com.

Media Contact:

Kelly Mendonca

Marketing Communications Manager

kelly.mendonca@moxiworks.com

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The Royal Mint Boldly Goes Where No Coin Has Gone Before With New Star Trek 50p Coins

LLANTRISANT, Wales, Sept. 2, 2026 /PRNewswire/ — Six decades since Star Trek first beamed onto television screens across the world, The Royal Mint is unveiling two collectable 50p coins to celebrate the global phenomenon and its intergalactic legacy.

This marks the first time Star Trek has featured on UK 50p coins, following the success of the Mint’s previous sci-fi collectable coin series, first introduced in 2023. This previous collection saw close to 800,000 coins find their way into collections across 60 countries worldwide.

The first coin, available from 3 September, features the iconic Vulcan salute alongside the phrase “Live Long & Prosper” and “Star Trek 60,” marking the franchise’s landmark anniversary. The second coin, available in November, showcases four spacecraft spanning different eras of the franchise: U.S.S Voyager NCC-74656, the U.S.S Enterprise NCC-1701, Enterprise – NCC-1701-D and the Klingon Bird of Prey along with the phrase “Star Trek 60″.

A selection of the coins will also feature colour, echoing the franchise’s own television history. When Star Trek first aired in 1966, the cast’s vivid uniforms were deliberately designed to stand out on the new colour television sets just becoming available to audiences at the time. That same spirit of colour has now been beamed onto the coins themselves, with swirling blue and purple nebulas capturing the vast, uncharted reaches of space that Captain Kirk and the crew of the U.S.S Enterprise set out to explore, ensuring the coins stand out just as strikingly today as those iconic uniforms once did on screen.

Tim Mulhall, Head of Fandom at The Royal Mint, said: “It’s a privilege for The Royal Mint to boldly go, celebrating 60 years of Star Trek with a keepsake that’s out of this world. Both collectable 50p coins are designed for fans who’ve grown up with the franchise and want a piece of that history to treasure. It’s a collectable built to live long and prosper in any collection and is a fitting way to mark six decades of a franchise that continues to inspire fans across the Galaxy.”

Ruth Henriquez, Vice President of Products & Experiences, Paramount EMEA, said: “Star Trek has one of the most dedicated collector communities in the world, and these coins are a tribute to 60 years of the franchise. The Royal Mint carefully selects the brands it works with, and the affection generations of British fans have for Star Trek makes it a natural fit for this collaboration. Our partnership with The Royal Mint brings some of Star Trek’s most iconic symbols and spacecraft to fans through a unique collection created exclusively to mark this milestone anniversary, giving collectors a lasting keepsake to treasure for years to come.”

Since its first episode transmitted onto screens in September 1966, Star Trek has grown into one of the most influential franchises in pop culture history, spanning 12 series, totalling more than 950 episodes and 14 movies that took more than $2 billion at the box office. The Star Trek phenomenon continues today with 413,000 people currently learning Klingon on Duolingo and has eight asteroids and the first space orbiter named in its honour.

Fans can secure both coins from 9am on 3 September at www.royalmint.com, with prices starting from £19.95.

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Shell completes acquisition of ARC Resources

CALGARY, AB, Sept. 2, 2026 /PRNewswire/ — Shell plc has completed the previously announced agreement (the “Arrangement Agreement”) to acquire ARC Resources Ltd. (“ARC”) (TSX: ARX), an energy company focused in British Columbia and Alberta, Canada, following receipt of all required shareholder, court and regulatory approvals. The acquisition accelerates Shell’s strategy by adding approximately 370 kboe/d immediately across liquids and gas, supporting a production compound annual growth rate (CAGR) of around 4% through to 2030 compared with 2025.

“Today we welcome ARC colleagues to Shell and look forward to building on their high-performance culture, operational excellence and technical expertise in Canada’s Montney basin,” said Shell’s Chief Executive Officer, Wael Sawan. “The acquisition increases Shell’s exposure to long-duration, low-cost liquids production. Through disciplined integration, we will build on the strengths of both organizations to unlock the value that underpins this transaction.”

In accordance with terms of the Arrangement Agreement, ARC’s shareholders will receive CAD $8.20 in cash and 0.40247 ordinary shares of Shell plc (each whole share, a “Shell Share”) for each ARC common share (each, an “ARC Share”).

Based on Shell’s closing share price of GBP £34.43 on September 2, 2026, and latest FX rates, this equates to an updated equity value of approximately US$13.9 billion. Shell will take on approximately US$2.5 billion in net debt and leases resulting in an enterprise value of approximately US$16.5 billion. The equity value of US$13.9 billion will be funded via US$3.3 billion in cash and US$10.6 billion in new Shell shares.

The transaction is expected to generate double-digit returns, bolster long-term cash flows and be accretive to free cash flow share from 2027 onwards.

Notes to editors 

• As defined in the Arrangement Agreement, the effective date of the transaction is September 2, 2026 (the “Effective Date”).
• The process for delivery of Shell Shares in exchange for ARC Shares is anticipated to be completed several days following the Effective Date of the transaction.
• More information can be found at Information for shareholders | Shell Global
• The acquisition grows Shell’s producing interests in Canada and complements its existing LNG footprint and extensive downstream businesses including refining, chemicals, fuel retail, aviation, lubricants and low-carbon solutions.
• In connection with the Arrangement Agreement, Shell obtained an exemption order from the Alberta Securities Commission, as principal regulator on behalf of the securities regulatory authority or regulator in each of the provinces of Canada other than Ontario, and the Ontario Securities Commission, providing relief from the formal issuer bid requirements of National Instrument 62-104 Take-Over Bids and Issuer Bids in connection with purchases by Shell of the outstanding Shell Shares through marketplaces outside of Canada (the “Canadian Exemption”), which applies so long as the Shell Shares are not listed or posted for trading on any stock exchange or marketplace in Canada, and residents of Canada do not beneficially own more than 10% of the total number of issued and outstanding Shell Shares. The Canadian Exemption is also subject to the following conditions: the share buybacks under its issuer bid programs are carried out under applicable securities laws in the United Kingdom, the Netherlands and the European Union, as well as the trading rules of the applicable exchanges and markets; and the aggregate number of Shell Shares acquired by Shell within any period of 12 months does not exceed 10% of the outstanding Shell Shares, excluding treasury shares.
• Measurement of acquired assets and liabilities for accounting purposes will be subject to a purchase price allocation exercise following completion.
• Equity value and net debt do not sum to enterprise value due to rounding.

Cautionary Note

The companies in which Shell plc directly and indirectly owns investments are separate legal entities. In this news release “Shell”, “Shell Group” and “Group” are sometimes used for convenience to reference Shell plc and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to Shell plc and its subsidiaries in general or to those who work for them. These terms are also used where no useful purpose is served by identifying the particular entity or entities. ”Subsidiaries”, “Shell subsidiaries” and “Shell companies” as used in this news release refer to entities over which Shell plc either directly or indirectly has control. The terms “joint venture”, “joint operations”, “joint arrangements”, and “associates” may also be used to refer to a commercial arrangement in which Shell has a direct or indirect ownership interest with one or more parties. The term “Shell interest” is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in an entity or unincorporated joint arrangement, after exclusion of all third-party interest.

Forward-Looking statements

This news release contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations and businesses of Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Shell to market risks and statements expressing management’s expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as “aim”; “ambition”; ”anticipate”; “aspire”, “aspiration”, ”believe”; “commit”; “commitment”; ”could”; “desire”; ”estimate”; ”expect”; ”goals”; ”intend”; ”may”; “milestones”; ”objectives”; ”outlook”; ”plan”; ”probably”; ”project”; ”risks”; “schedule”; ”seek”; ”should”; ”target”; “vision”; ”will”; “would” and similar terms and phrases. There are a number of factors that could affect the future operations of Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this news release, including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell’s products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks, including climate change; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, judicial, fiscal and regulatory developments including tariffs and regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; (m) risks associated with the impact of pandemics, regional conflicts, such as the Russia-Ukraine war and the conflict in the Middle East, and a significant cyber security, data privacy or IT incident; (n) the pace of the energy transition; and (o) changes in trading conditions. No assurance is provided that future dividend payments will match or exceed previous dividend payments. All forward-looking statements contained in this news release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Shell plc’s Form 20-F for the year ended December 31, 2025 (available at www.shell.com/investors/news-and-filings/sec-filings.html and www.sec.gov). These risk factors also expressly qualify all forward-looking statements contained in this news release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this news release, September 2, 2026. Neither Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this news release.

Shell’s net carbon intensity

Also, in this news release we may refer to Shell’s “net carbon intensity” (NCI), which includes Shell’s carbon emissions from the production of our energy products, our suppliers’ carbon emissions in supplying energy for that production and our customers’ carbon emissions associated with their use of the energy products we sell. Shell’s NCI also includes the emissions associated with the production and use of energy products produced by others which Shell purchases for resale. Shell only controls its own emissions. The use of the terms Shell’s “net carbon intensity” or NCI is for convenience only and not intended to suggest these emissions are those of Shell plc or its subsidiaries.

Shell’s net-zero emissions target

Shell’s operating plan and outlook are forecasted for a three-year period and ten-year period, respectively, and are updated every year. They reflect the current economic environment and what we can reasonably expect to see over the next three and ten years. Accordingly, the outlook reflects our combined Scope 1 and 2 target, NCI target and our oil products ambition over the next ten years. However, Shell’s operating plan and outlook cannot reflect our 2050 net-zero emissions target, as this target is outside our planning period. Such future operating plans and outlooks could include changes to our portfolio, efficiency improvements and the use of carbon capture and storage and carbon credits. In the future, as society moves towards net-zero emissions, we expect Shell’s operating plans and outlooks to reflect this movement. However, if society is not net zero in 2050, as of today, there would be significant risk that Shell may not meet this target.

Forward-Looking non-GAAP measures

This news release may contain certain forward-looking non-GAAP measures such as free cash flow, net debt and enterprise value. We are unable to provide a reconciliation of these forward-looking non-GAAP measures to the most comparable GAAP financial measures because certain information needed to reconcile those non-GAAP measures to the most comparable GAAP financial measures is dependent on future events some of which are outside the control of Shell, such as oil and gas prices, interest rates and exchange rates. Moreover, estimating such GAAP measures with the required precision necessary to provide a meaningful reconciliation is extremely difficult and could not be accomplished without unreasonable effort. Non-GAAP measures in respect of future periods which cannot be reconciled to the most comparable GAAP financial measure are calculated in a manner which is consistent with the accounting policies applied in Shell plc’s consolidated financial statements.

The contents of websites referred to in this news release do not form part of this news release.

We may have used certain terms, such as resources, in this news release that the United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

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