Category Archives: News

THE LEELA UNVEILS ‘MELODIES BY THE LEELA’ – A DISTINCTIVE SONIC IDENTITY CELEBRATING TRUE INDIAN LUXURY

The brand’s new musical expression debuts with A Living Raga, an inaugural commemorative album composed exclusively by Grammy-winning maestros Amaan and Ayaan Ali Bangash to celebrate four decades of true Indian luxury

NEW DELHI, Aug. 10, 2026 /PRNewswire/ — As The Leela celebrates four decades of True Indian Luxury, the brand recently unveiled Melodies by The Leela, its official sonic identity and a new cultural expression of its enduring commitment to Indian art, heritage and hospitality.

For over forty years, The Leela has expressed the richness of India through architecture, craftsmanship, cuisine, wellness and service. With Melodies by The Leela, the brand extends this philosophy into music, creating an ownable sonic identity that complements its existing sensory expressions and deepens the emotional connection guests have with The Leela.

Launching this new brand platform is A Living Raga, the inaugural commemorative album under Melodies by The Leela. Composed exclusively for The Leela by Grammy-winning, seventh-generation sarod maestros Amaan Ali Bangash and Ayaan Ali Bangash, the 14-track collection celebrates four decades of True Indian Luxury through original compositions inspired by the warmth, grace and timeless philosophy of Atithi Devo Bhava. Produced in collaboration with longtime creative partners Karsh Kale and Sawan Dutta, A Living Raga also features acclaimed musicians Rajesh Prasanna on flute, Ahaana Ali on sarangi, Gopal Dayal on shehnai and Ustad Amjad Ali Khan, creating a contemporary interpretation of India’s classical traditions.

The album received its first listening at The Leela Palace New Delhi on 7th August, in the presence of an illustrious gathering including Ustad Amjad Ali Khan and Subhalakshmi Khan, Vijay Amritraj, Falguni Shane Peacock, Amitabh Kant, Suresh and Priyanka Raina, and Shereen Bhan, among other distinguished guests.

Commenting on the launch, Anuraag Bhatnagar, CEO and Whole-time Director, The Leela Palaces, Hotels and Resorts, said, “For four decades, The Leela has celebrated India’s cultural richness through architecture, design, art, cuisine and hospitality. Music has always been an integral part of that journey, quietly shaping the emotional connection our guests have with our hotels. With Melodies by The Leela, we are bringing together years of original musical collaborations into a distinctive sonic identity that is uniquely our own. As we celebrate forty years of True Indian Luxury, A Living Raga marks the inaugural chapter of this journey, reflecting our commitment to preserving India’s artistic heritage while presenting it in ways that continue to resonate with contemporary audiences.”

Speaking about the collaboration, Amaan and Ayaan Ali Bangash, said, “Our association with The Leela has grown over more than fifteen years through a shared belief that culture is best experienced through emotion. Composing A Living Raga has been an opportunity to celebrate India’s timeless musical traditions while giving expression to The Leela’s vision of a distinctive sonic identity. We are honoured that these years of collaboration now come together under Melodies by The Leela, creating an enduring musical expression for the brand as it celebrates forty years of True Indian Luxury.“

The evening also featured a specially curated commemorative menu celebrating four decades of True Indian Luxury, tracing The Leela’s journey through a series of regional culinary expressions inspired by its destinations and heritage. From Malvani flavours representing its first chapter in Mumbai to interpretations of Karnataka and other regional traditions, the menu brought together the diverse culinary identity of The Leela in one celebratory experience.

Music has been part of The Leela experience for over fifteen years. Through its longstanding creative collaboration with Amaan and Ayaan Ali Bangash, the brand has, in the past, commissioned original compositions that have welcomed guests into its hotels, enriched its public spaces and become an intrinsic part of its sensory language. Now, these musical expressions come together under Melodies by The Leela, a long-term brand platform that will continue to evolve through original compositions, destination-inspired collections and collaborations with leading artists.

As part of the launch, The Leela also introduced a limited-edition collector’s vinyl of A Living Raga. Conceived for discerning collectors and music connoisseurs, the vinyl celebrated the enduring beauty of analogue listening, where craftsmanship, ritual and permanence take precedence over convenience. From its bespoke artwork to its tactile production, every detail was thoughtfully designed as a collectible expression of The Leela’s philosophy of timeless Indian luxury.

With the launch of Melodies by The Leela, the brand introduces a new dimension to its sensory experience, one that extends beyond place into the enduring language of sound. Beginning with A Living Raga, the platform will continue to evolve through original compositions, artistic collaborations and destination-inspired musical expressions, reinforcing The Leela’s commitment to celebrating India’s cultural heritage through contemporary luxury experiences.

Following its first listening at The Leela Palace New Delhi, A Living Raga, the inaugural album under Melodies by The Leela, is now available to stream on Spotify, Apple Music and The Leela website.

About The Leela Palaces, Hotels and Resorts

The Leela Palaces, Hotels and Resorts is India’s largest institutionally owned and managed pure-play luxury hospitality brand. Backed by Brookfield, The Leela’s portfolio comprises 15 operating award-winning properties spanning owned, operated, and managed hotels and another 10 in the pipeline across leading leisure and business destinations in India and Dubai. Recognized globally for architectural excellence and bespoke services, The Leela was ranked #2 globally among the best Hotel Brand in the World by the Travel + Leisure World’s Best Awards 2026 and has been previously ranked as the World’s Best Hotel Brand by Travel + Leisure World’s Best Awards in 2020 and 2021, and among the global top three in 2023, 2024 and 2026. The brand remains committed to delivering timeless Indian hospitality through world-class luxury experiences.

Please visit our website www.theleela.com and connect with us on Facebook, Twitter and Instagram.

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NYSE Content Update: Goldman Sachs Asset Management Launches Two New ETFs

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

NEW YORK, Aug. 10, 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 August 10th

• The S&P 500 looks to build off Friday’s record close as investors track the latest developments in the Middle East.
• Goldman Sachs Asset Management’s Lindsay Rosner will join NYSE Live as her firm brings new offerings to the NYSE community.
  • GCPB ETF focuses on new types of core plus bond exposure.
  • GINC ETF aims to balance income potential and diversification.
• LifeMine Therapeutics CEO Greg Verdine will join NYSE Live to discuss the biopharmaceutical firm’s latest achievements.
  • Announced raise of $263 million late last week.
  • Firm is accelerating the clinical development of its lead program, LIFE-001, which is designed to prevent organ transplant rejection.

Opening Bell

Advisor Shares celebrates the MSOS ETF

Closing Bell

Western Midstream Partners (NYSE: WES) celebrates its milestones and people

For market insights, IPO activity, and today’s opening bell, download the NYSE TV App: TV.NYSE.com

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Saarathi Finance opens its 100th Branch

100^th branch inaugurated in Jagtial, Telangana

MUMBAI, India, Aug. 10, 2026 /PRNewswire/ — Saarathi Finance, an MSME-focused NBFC, recently announced the opening of its landmark 100^th branch in Jagtial, Telangana. The new branch will strengthen the company’s presence across northern Telangana and enhance access to timely, customer-centric financial solutions for MSMEs, entrepreneurs, and small business owners in the region.

Having commenced operations in April 2025, Saarathi Finance has opened the 100-branch On 3^rd August 2026, underscoring its rapid growth and commitment to expanding financial inclusion. The MSME-focused NBFC provides Loan Against Property (LAP) solutions with ticket sizes ranging from Rs. 5 lakh to Rs. 35 lakh, helping small businesses and entrepreneurs unlock the value of their assets to fuel growth, enhance working capital, and achieve their business aspirations.

Jagtial which is 190 km north of Hyderabad, is both an agricultural and commercial center with a flourishing MSME presence. Saarathi has opened 20 branches across Telangana in the last one year and has spread its footfall in all parts of the state.

Saarathi Finance has already crossed an Assets Under Management (AUM) of Rs. 650 crore, reflecting the strong trust reposed by its customers and the company’s robust growth trajectory. The company is rapidly expanding its operations across Telangana, Andhra Pradesh, Karnataka, Tamil Nadu, Uttar Pradesh and Rajasthan with plans to further strengthen its presence in high-potential MSME markets across India. Through its expanding branch network and customer-centric approach, Saarathi Finance aims to improve access to formal credit and empower entrepreneurs and small businesses nationwide.

Commenting on the opening of the company’s 100^th branch, Mr. Vivek Bansal, Founder and CEO, said, “Reaching the 100-branch milestone and crossing an AUM of Rs. 650 crore reflects the strength of our business model and execution. As we continue to expand, our focus will remain on sustainable growth, prudent risk management, and building a technology-driven lending franchise that creates long-term value for all our stakeholders.”

Shashi Shekhar Vempati, Independent Director, Saarathi Finance, added, “The opening of Saarathi Finance’s 100^th branch in just over year, is a testament to the company’s vision of combining technology, strong governance and customer-centricity to drive financial inclusion. As India continues its digital transformation, institutions that responsibly expand access to credit for MSMEs will play a pivotal role in enabling entrepreneurship, fostering innovation and contributing to sustainable economic growth.”

Commenting on the occasion Mr. Gopal Srinivasan, Chairman & Managing Director of TVS Capital, said, “A hundred branches in just over a year — this is a testament to Saarathi’s leadership and team. Pace and discipline at this scale rarely go together — Saarathi has managed both. At a company just over a year old, it speaks directly to the calibre of the people driving it. At TVS Capital, we back founders who build with ambition and rigour — and Saarathi has shown exactly that combination from the very start. We are proud to be partners on this journey and wish the entire team continued success.”

About Saarathi Finance:

Saarathi Finance & Credit Pvt Ltd. is an NBFC focused on providing accessible and tailored credit solutions to MSMEs across semi-urban and rural India. With a mission to bridge the ₹44 lakh crores credit gap in the MSME sector, Saarathi combines technological innovation with a deep understanding of local markets to offer loans that meet the unique needs of small business owners. The company operates with the guiding principle: “Aap Akele Nahi Hai”- You are not alone.

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Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.81 Million Tokens, and Total Crypto and Total Cash Holdings of $11.6 Billion

Bitmine owns 4.8% of the total ETH coin supply of 120.7 million

Bitmine is 96% of the way to the ‘Alchemy of 5%’ in just 14 months

In July, ETH outperformed Nasdaq 100 by 2,500 basis points, the largest since July 2025, reflective of the strengthening fundamentals of crypto

Bitmine repurchased 3.0 million common stock in the past week, and has repurchased over 19 million shares cumulatively since July 2026 under its previously announced $4 billion share repurchase program

Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026

Bitmine’s Series A Preferred Stock is trading on the NYSE under the symbol BMNP

Bitmine has 5,067,309 staked ETH, representing $9.8 billion at $1,928 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors

Bitmine owns $69 million of Eightco (NASDAQ: ORBS), now one of the only publicly listed equities in the world to provide investors indirect exposure to OpenAI

Bitmine Crypto + Total Cash Holdings & Marketable Securities + “Moonshots” total $11.6 billion, including 5.81 million ETH tokens, total cash & marketable securities of $104 million, and other crypto holdings

Bitmine remains supported by a premier group of institutional investors including ARK’s Cathie Wood, MOZAYYX, Founders Fund, Bill Miller III, Pantera, Kraken, DCG, Galaxy Digital and personal investor Thomas “Tom” Lee to support Bitmine’s goal of acquiring 5% of ETH

NORWALK, Conn., Aug. 10, 2026 /PRNewswire/ — (NYSE: BMNR) Bitmine Immersion Technologies, Inc. (“Bitmine” or the “Company”) a Bitcoin and Ethereum Network company with a focus on the accumulation of crypto for long term investment, today announced Bitmine crypto + total cash & marketable securities + “moonshots” holdings totaling $11.6 billion.

As of August 9, 2026 at 6:30pm ET, the Company’s crypto holdings are comprised of 5,805,238 ETH at $1,928 per ETH (per Coinbase), 209 Bitcoin (BTC), $180 million stake in Beast Industries, $69 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash & marketable securities of $104 million. Bitmine’s ETH holdings are 4.8% of the ETH supply (of 120.7 million ETH).

“We are disappointed that the CLARITY Act will not see a Senate vote before the August recess, but financial markets seem more focused on the recent softer inflation and jobs data.  The odds of a Sept. hike by the Federal Reserve have fallen to 40% from 75% two weeks ago,” stated Thomas “Tom” Lee, Chairman of Bitmine.  “We expect easing financial conditions to be a tailwind for crypto.”

“Since Bitmine pivoted to an Ethereum Treasury strategy on June 30 of last year, sizable outperformance of ETH vs Bitcoin (monthly) has typically been followed by Bitmine’s shares outperforming ETH over the following month. In July, ETH outperformed Bitcoin by 1,100bp similar to July 2025, Dec 2025, March 2026 and in those instances, Bitmine’s shares saw strong outperformance over ETH in the following two months.” continued Lee.

“We continue to view Bitmine’s common shares as undervalued and the Company repurchased 3 million shares during the past week, bringing total common equity repurchases to over 19 million common shares since the start of July. This buyback remains the largest ever executed by any Ethereum, Bitcoin or crypto DAT (Digital Asset Treasury),” continued Lee. Since July 1, 2026, Bitmine has repurchased 19.1 million shares of common stock under the previously authorized $4 billion share repurchase program.  

“Over the past week, we acquired 7,391 ETH. Bitmine has bought ETH every week since the inception of the ETH Treasury Strategy on June 30, 2025 about 14 months ago,” stated Lee.

On July 16, 2026, Bitmine released the latest Chairman’s Message (link here) for July 2026. The title of the Message is “ETH is the cure for the Uncanny Valley of Wealth.”

Earlier in 2026, Bitmine launched MAVAN (the Made in American VAlidator Network), the institutional grade staking platform. While MAVAN was originally developed to support Bitmine’s own Ethereum treasury, MAVAN intends to expand to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure. A portion of Bitmine’s ETH is already staked on the MAVAN platform.

As of August 9, 2026, Bitmine total staked ETH stands at 5,067,309 ($9.8 billion at $1,928 per ETH). “Bitmine has staked more ETH than other entities in the world. At scale (when Bitmine’s ETH is fully staked by MAVAN and its staking partners), the projected ETH staking reward is $294 million on an annualized basis (using 2.63% 7-day BMNR yield),” stated Lee.

“Annualized staking revenues are now projected at $257 million. And this 5.1 million ETH is 87% of the 5.81 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.63% (annualized),” continued Lee.

Bitmine’s crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 842,138 BTC valued at approximately $59 billion. Bitmine remains the largest ETH treasury in the world. 

Bitmine management believes the GENIUS Act and the Securities and Exchange Commission’s (SEC) Project Crypto are as transformational to financial services in 2026 as the US action on August 15, 1971, which ended the Bretton Woods system and took the U.S. dollar off the gold standard 54 years ago. This 1971 event was the catalyst for the modernization of Wall Street, creating the iconic Wall Street titans and financial and payment rails of today. These proved to be better investments than gold.

The Chairman’s message can be found here:

https://www.Bitminetech.io/chairmans-message

The Fiscal Full Year 2025 Earnings presentation and corporate presentation can be found here: https://Bitminetech.io/investor-relations/ 

To stay informed, please sign up at: https://Bitminetech.io/contact-us/ 

About Bitmine

Bitmine Immersion Technologies, Inc. (NYSE: BMNR), and its subsidiaries (“Bitmine” or the “Company”), is a blockchain technology infrastructure company operating across institutional digital asset staking and validation services, bitcoin mining, and strategic digital asset management. As the world’s leading Ethereum Treasury company, it implements an innovative digital asset strategy for institutional investors and public market participants. The Company provides institutional-grade staking and validation infrastructure—through which it earns staking rewards and validation income—alongside bitcoin mining activities. Bitmine holds digital assets strategically, generating yield on those holdings to support liquidity and capital formation. During 2025, the Company expanded its blockchain infrastructure capabilities, including developing and deploying MAVAN, its institutional staking and validation platform. The Company’s activities further include investments in early-stage blockchain opportunities (“moonshot” investments) and ancillary mining, hosting, and consulting services.

For additional details, follow on X:

https://x.com/bitmnr

https://x.com/fundstrat

Forward Looking Statements

This press release contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include all statements that are not purely historical and can generally be identified by terms such as “expects,” “projects,” “intends,” “plans,” “believes,” “anticipates,” “estimates,” “forecasts,” “targets,” “goals,” “may,” “will,” “would,” “could,” “should,” or similar expressions, or the negative of such terms, or other comparable terminology. This press release specifically contains forward-looking statements regarding, among other things: (i) the Company’s goal of acquiring 5% of the total ETH supply (the “Alchemy of 5%” initiative) and statements regarding its progress toward this goal; (ii) the Company’s digital asset accumulation and treasury strategy, including statements regarding continued weekly ETH acquisitions and the Company’s status as the largest ETH treasury in the world; (iii) the Company’s staking operations, including projected annualized ETH staking rewards of approximately $294 million (assuming Bitmine’s ETH is fully staked by MAVAN and its staking partners at scale), current projected annualized staking revenues of approximately $257 million, and the 7-day yield of 2.63% (annualized); (iv) MAVAN’s intended expansion to serve institutional investors, custodians, and ecosystem partners seeking best-in-class staking infrastructure; (v) the Company’s $4 billion share repurchase program, including statements regarding the execution, size, and potential accretive value of such program; (vi) management’s views regarding the valuation of the Company’s common shares and expectations regarding future stock price performance relative to ETH and other digital assets; (vii) expectations regarding the relationship between ETH performance versus Bitcoin or the Nasdaq 100 and subsequent performance of the Company’s shares; (viii) statements regarding the impact of macroeconomic factors, including Federal Reserve policy, inflation data, and labor market conditions, on digital asset markets and financial conditions; (ix) management’s belief that the GENIUS Act and SEC Project Crypto are transformational to financial services; (x) statements regarding the Company’s investment in Eightco Holdings (NASDAQ: ORBS) as providing indirect exposure to OpenAI; and (xi) the future growth, advancement, and strategic direction of the Company’s Ethereum treasury strategy and blockchain infrastructure capabilities.

These forward-looking statements involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Factors that could cause or contribute to such differences include, but are not limited to: the extreme volatility and unpredictability of digital asset prices, including ETH and Bitcoin; changes in market conditions affecting the trading price of the Company’s common stock and Series A Preferred Stock; the Company’s ability to successfully execute its digital asset acquisition strategy and achieve its ETH accumulation targets; the Company’s ability to finance its business operations, Ethereum treasury operations, MAVAN expansion, and share repurchase activities; operational, security, and technological risks associated with the Company’s staking and validation operations, including network failures, cybersecurity breaches, and protocol changes; competition in the digital asset treasury, staking, and mining industries; the Company’s dependence on key personnel, including executive leadership; regulatory developments affecting digital assets, blockchain technology, and staking activities in the United States and globally, including the ultimate enactment, implementation, and interpretation of the GENIUS Act, CLARITY Act, and other pending legislation and regulatory initiatives; actions by the SEC, CFTC, and other regulatory bodies affecting digital assets and related businesses; risks related to the Company’s investments in early-stage blockchain opportunities (“moonshot” investments), including the investment in Eightco Holdings; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, and general economic conditions affecting investor sentiment toward digital assets; changes to the Ethereum protocol, including staking mechanics, validator requirements, and reward structures; risks related to AI systems and their potential impact on cryptocurrency markets and blockchain technology; the performance of third-party service providers, exchanges, and custodians; risks related to the concentration of the Company’s assets in digital currencies; and the other risk factors described in the Company’s filings with the SEC.

The forward-looking statements contained in this press release are based on information available to management as of the date of this release and reflect management’s current expectations, estimates, forecasts, and projections, as well as management’s assumptions and beliefs concerning future events. Actual results may vary materially from those expressed or implied by forward-looking statements based on a number of factors, including those described above and in the Risk Factors section of the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025 filed with the SEC on November 21, 2025, the Company’s Quarterly Reports on Form 10-Q, and the Company’s other filings with the SEC, as amended or updated from time to time. Copies of these filings are available on the SEC’s website at www.sec.gov and on the Company’s website at https://Bitminetech.io/investor-relations/. Forward-looking statements speak only as of the date on which they are made. Bitmine expressly disclaims any obligation or undertaking to update, revise, or supplement any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statements are based, except as required by applicable law or regulation.

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Students of Chandigarh University Bags Gold and Silver Medals at Glasgow Commonwealth Games 2026

Priya Ghanghas Wins Gold in Boxing and Valluri Ajay Babu Bags Silver in Weightlifting during the Glasgow Commonwealth Games 2026

CHANDIGARH, India, Aug. 10, 2026 /PRNewswire/ — Chandigarh University is flying the flag of success not only on the national stage but on the international stage as well. The University’s students are putting up an outstanding display of their talent and bringing laurels to both the country and the University on the international stage. Two Chandigarh University students, Priya Ghanghas (Boxing) and Valluri Ajay Babu (Weightlifting), have brought pride to India and Chandigarh University with their brilliant performances at the Glasgow Commonwealth Games 2026. Teams from 74 countries took part in 10 different sports during the 11-day event.

At the Commonwealth Games 2026 held in Glasgow, international boxer and Chandigarh University BA student Priya Ghanghas won the gold medal in the 60 kg weight category, while international weightlifter and Chandigarh University BA student Valluri Ajay Babu secured the silver medal in the men’s 79 kg weight category, bringing pride to the country.

Priya Ghanghas, a BA student at Chandigarh University, won India a gold medal in boxing at the Commonwealth Games 2026, put up a superb performance to claim the gold. The international boxer, who began her boxing career with gold medals at the Asian Under-22 and Under-19 Championships in 2025, delivered an exceptional performance in the 60 kg weight category and won the gold medal by defeating her opponent, Canada’s Marie-Batoul Al-Ahmadieh, 4-1 in the final bout.

International boxer Priya, who hails from Haryana, has an outstanding international boxing record. In 2025, she displayed her boxing prowess at the Under-22 Asian Youth Championship held in Bangkok, Thailand, winning a silver medal in the 60 kg weight category. She also demonstrated her talent by winning a bronze medal in the 57 kg category at the Youth Asian Boxing Championship held in Astana, Kazakhstan, in 2023-24. In addition, Priya has brought laurels to the country by winning gold medals at the Asian Championship 2025-26, the Spain Boxam Cup and the Grand Prix European Tournament.

At the Asian Boxing Championship 2026 held in Ulaanbaatar, Mongolia, Priya won the gold medal by defeating North Korea’s Won Un-gyong 3-0 in the final, and sealed her place in the Indian contingent for the Asian Games and the Commonwealth Games.

Priya’s achievements at the national level are no less significant. At the 6th Youth Women’s National Boxing Championship 2023 held in Bhopal, Priya won the gold medal in the 57 kg category along with the title of Best Boxer. In addition, she claimed a silver medal at the 8th Elite Women’s National Boxing Championship in 2024-25 in Greater Noida, India, and a gold medal at the 9th Elite Women’s National Boxing Championship 2025-26.

In weightlifting, Valluri Ajay Babu delivered an extraordinary performance to secure the silver medal by lifting a total of 330 kg. He lifted 149 kg in the snatch and 181 kg in the clean and jerk. This achievement has reinforced his consistently outstanding performance in Indian weightlifting at the international level. Ajay Babu missed out on the gold medal in the final by just one kilogram.

Valluri Ajay Babu has performed brilliantly at the international level. He won a gold medal at the Junior Commonwealth Weightlifting Championship held in Noida, Uttar Pradesh, in July 2023, and thereafter displayed his talent by winning a gold medal at the Senior Commonwealth Weightlifting Championship held in Suva, Fiji, in 2024 as well.

Valluri Ajay Babu’s performance at the national level has been outstanding as well. He proved his mettle by winning gold medals at the Youth, Junior and Senior National Weightlifting Championships in Patiala in 2021. In addition, he won gold medals at the Youth National Weightlifting Championship and the Junior National Weightlifting Championship in Bhubaneswar (Odisha) in 2022, and at the Khelo India Youth Games in Panchkula. He also won a silver medal at the Senior National Weightlifting Championship held in Tamil Nadu in December 2022-2023, and a gold medal at the Khelo India Youth Games in February 2023. In 2023-24 he won a bronze medal at the Youth, Junior and Senior National Weightlifting Championships held in Arunachal Pradesh, and a bronze medal at the Youth, Junior and Senior National Weightlifting Championship 2024 in Himachal Pradesh. With his brilliant performances, he displayed his talent by winning a silver medal at the 37th National Games 2023 held in Goa and a gold medal at the 38th National Games 2025 held in Uttarakhand.

Chandigarh University student Valluri Ajay Babu belongs to a weightlifting family from a small village in Andhra Pradesh. His father is a former international weightlifter who won a bronze medal in the 56 kg weight category at the Commonwealth Games held in Delhi in 2010. Carrying that legacy forward, Ajay Babu has secured a silver medal at the Commonwealth Games 2026, sixteen years later. His brother is also a weightlifter.

Congratulating Priya Ghanghas and Valluri Ajay Babu, Chandigarh University Senior Managing Director Dipinder Singh Sandhu said, “They reflect the sports culture of Chandigarh University, where students are provided world-class facilities, training, opportunities and encouragement to excel in sports along with education. The success of both athletes has once again proved that Chandigarh University’s players are writing India’s story of victory not only on the national stage but on the international stage as well. Their success is an inspiration for the youth. Along with world-class facilities, the University also produces winners at the national and international levels. The University has allocated an annual budget of Rs 6.5 crore for sports. The University provides athletes and players with a special diet, sports kit, travel, coaching, hostel and all other facilities free of cost, so that they can focus on their performance without any constraints. At present, 1,183 athletes, including 562 female students, are availing sports scholarships. Chandigarh University will continue to encourage sporting talent in the future as well.”

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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Monika Alcobev appointed as Rémy Cointreau’s exclusive partner across India

MUMBAI, India, Aug. 10, 2026 /PRNewswire/ — As part of Rémy Cointreau’s ambitions to develop a long term, sustainable and high growth business in India, Rémy Cointreau, has appointed Monika Alcobev Limited as its exclusive distribution & marketing partner for all of India.

This transition marks a significant vote of confidence in Monika Alcobev’s PAN-India capabilities, premium positioning, and strong compliance-led execution. With this partnership, Rémy Cointreau aims to deepen its India strategy through a single-window platform backed by scale, efficiency, and market intelligence.

“We are thrilled to take forward Rémy Cointreau’s exceptional spirits portfolio across India,” said Kunal Patel, Managing Director of Monika Alcobev Limited. “This consolidation reflects a shared commitment to long-term market development, premium consumer experiences, and the kind of transparency global brands increasingly expect from their India operations.”

With renowned brands such as Rémy Martin, Louis XIII, The Botanist, Cointreau, St-Rémy, Bruichladdich, Metaxa and Mount Gay under its banner, the Group brings a legacy of craftsmanship that aligns closely with Monika Alcobev Limited’s values and distribution ethos.

Hemang Chandat, Chief Commercial Officer, Monika Alcobev Limited, added: “Our teams are deeply engaged across India, from Delhi, Haryana and Jaipur to Mumbai, Goa and Bangalore, and beyond. This partnership allows us to streamline operations, offer stronger brand visibility, and drive deeper relationships with customers who already love Rémy Cointreau’s iconic brands.”

Rémy Cointreau joins a growing list of prestigious international brands that have chosen Monika Alcobev as their preferred India partner, strengthening the company’s standing as the country’s most trusted import, distribution and marketing platform in the premium alcobev segment.

“Consolidating our presence across India with a single unified mandate and partner will undeniably strengthen our position on this market.

We are confident Monika Alcobev Limited teams will build and drive an ambitious and sustainable growth plan for our brands as well as creating memorable and culturally relevant experiences for the Indian consumer. We look forward to working with our partners Monika Alcobev to accelerate the growth and sustainable value we believe exists in the Indian market,” comments Ian McLernon, Group Chief Markets Officer of Rémy Cointreau.

The transition is currently underway and will be completed seamlessly across retail, and HORECA over the coming months.

About Rémy Cointreau

All around the world, there are clients seeking exceptional experiences; clients for whom a wide range of terroirs means a variety of flavors. Their exacting standards are proportional to our expertise – the finely-honed skills that we pass down from generation to generation. The time these clients devote to drinking our products is a tribute to all those who have worked to develop them. It is for these men and women that Rémy Cointreau, a family-owned French Group, protects its terroirs, cultivates exceptional multi-centenary spirits and undertakes to preserve their eternal modernity. The Group’s portfolio includes 14 singular brands, such as the Rémy Martin and LOUIS XIII cognacs, and Cointreau liqueur. Rémy Cointreau has a single ambition: becoming the world leader in exceptional spirits. To this end, it relies on the commitment and creativity of its 1,783 employees and on its distribution, subsidiaries established in the Group’s strategic markets. Rémy Cointreau is listed on Euronext Paris.

About Monika Alcobev Limited

Founded in 2015 by Bhimji Nanji Patel and led by Managing Director Kunal Patel, Monika Alcobev Limited is India’s leading importer and distributor of premium alcohol brands. In July 2025, the company launched its ₹165.63 crore SME IPO on the BSE, marking a milestone in its growth journey. With a portfolio of over 100 world-class labels, Monika Alcobev provides end-to-end solutions covering importing, logistics, distribution, and marketing across HORECA, retail, and duty-free channels. The company has established itself as a trusted partner for luxury alco-bev brands looking to scale in India.

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I-T Department Moves to Simplify Lower and Nil TDS Certificate Process

New Delhi, Aug 10: The Income Tax Department is working on rules to introduce an electronic process for lower or nil tax deducted at source (TDS) certificates, a move that could make tax compliance simpler and more convenient for eligible taxpayers.

The proposed system is aimed at reducing paperwork and streamlining the process through digital applications and verification. Taxpayers who expect their final tax liability to be lower than the amount normally deducted at source could benefit from the new mechanism.

TDS is collected in advance on certain payments and later adjusted against the taxpayer’s final tax liability. In cases where the deduction is higher than the actual tax payable, taxpayers may have to wait for a refund to recover the excess amount.

A lower or nil TDS certificate can help avoid such situations by allowing eligible taxpayers to have tax deducted at a reduced rate or not deducted at all, depending on their circumstances.

The planned electronic process could make it easier for individuals, professionals and businesses to apply for certificates without relying heavily on physical documents or repeated visits to tax offices.

It could also improve processing efficiency by allowing tax authorities to use information already available through digital tax systems. This may reduce manual verification and help applications move faster.

For taxpayers, the biggest benefit could be better cash-flow management. Money that might otherwise be deducted as TDS and recovered later through a refund could remain available for legitimate business or personal needs, where the lower deduction is justified.

The initiative is part of the government’s broader effort to modernise tax administration and make compliance more transparent, accessible and technology-driven.

Detailed rules will determine how the electronic process works, including eligibility requirements and application procedures.

The proposed digital system is expected to make the lower and nil TDS certificate process faster, simpler and more taxpayer-friendly, while reducing unnecessary paperwork and improving the overall compliance experience.

SOLIZE PARTNERS and Dassault Systèmes Form Partnership to Accelerate Digital Transformation in Manufacturing

TOKYO, Aug. 10, 2026 /PRNewswire/ — SOLIZE PARTNERS Corporation and Dassault Systèmes in Japan have entered into a ‘Consulting & System Integration Partner Program’ agreement to help manufacturers accelerate digital transformation, improve operational efficiency and drive innovation.

The agreement was formally signed in Tokyo by Yusuke Inoue, President of SOLIZE PARTNERS Corporation; Philippe Godbout, Managing Director, Japan, Dassault Systèmes; and Mahadevan V. S., CEO & Director of SOLIZE PARTNERS India, marking a new chapter in the long-standing collaboration between the SOLIZE Group and Dassault Systèmes.

As a partner in Japan, SOLIZE PARTNERS will combine its engineering and manufacturing expertise with Dassault Systèmes’ 3DEXPERIENCE platform to support customers across the product lifecycle—from design and engineering to manufacturing—enabling faster development, improved quality, reduced costs and greater collaboration.

For more than 35 years, SOLIZE PARTNERS has helped manufacturers solve complex engineering challenges through engineering services, digital technologies and additive manufacturing. Founded in 1981, Dassault Systèmes provides a portfolio of solutions for industries in the manufacturing, life sciences and healthcare and infrastructure and cities sectors. The company’s 3DEXPERIENCE platform integrates capabilities for 3D modeling, simulation, collaboration and data intelligence. 

The partnership addresses a growing industry challenge: while manufacturers continue investing in digital technologies, many struggle to maximize value due to disconnected engineering data and the loss of critical product development knowledge. Together, SOLIZE PARTNERS and Dassault Systèmes will help organizations integrate engineering and business data, improve knowledge utilization and create connected digital engineering environments that enable faster, better-informed decision-making.

The agreement also builds on the SOLIZE Group’s long-standing relationship with Dassault Systèmes in India. For more than 25 years, SOLIZE PARTNERS India Pvt. Ltd has delivered consulting, implementation and support services across the Dassault Systèmes portfolio, including CATIA, ENOVIA and DELMIA applications, and the 3DEXPERIENCE platform. The new partnership enables SOLIZE PARTNERS in Japan to leverage this extensive experience, technical expertise and proven delivery capabilities to better serve manufacturers across Japan.

This partnership marks another milestone in the SOLIZE Group’s global growth strategy and reinforces its commitment to helping manufacturers transform engineering and manufacturing through connected digital technologies and practical engineering expertise.

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Exicom Opens FY27 with Order Wins Across Both Businesses as Revenue Grows Sharply Year on Year

• Standalone revenue up ~57% YoY, EBITDA more than doubles
• Consolidated EBITDA loss narrower YoY; margin under pressure

NEW DELHI, Aug. 10, 2026 /PRNewswire/ — Exicom Tele-Systems Limited (BSE: 544133) (NSE: EXICOM), one of India’s leading EV charging and critical power companies, today announced its financial results for the first quarter of FY27. Standalone revenue rose ~57% year on year to ₹237 crore and EBITDA more than doubled to ~₹21 crore, lifting the EBITDA margin for Q1 to 8.8%. On a Consolidated basis, revenue grew 61% to ₹331 crore, with the EBITDA loss narrowing to ~₹22 crore from ~₹39 crore last year.

A Quarter That Moved the Year Forward, With Margin Still to Follow

Measured against the same quarter last year, both businesses grew strongly and consolidated losses narrowed. Revenue and profitability, however, declined sequentially, from Q4 FY26, as is usually the case in the first quarter. Most of the gap is visible in the (consolidated) gross margin – 31.7% against 39.4% a year ago. A bulk of this can be attributed to the external cost environment including exchange rate volatility and input cost pressures owing to key component prices. We are addressing it at source, building resilience into our supply chain. Underneath the quarterly numbers, both businesses built a strong order book.

EV Charging: A Quarter Spent Winning the Year’s Business

India’s EV market marked a pivotal moment this quarter, crossing 80,000 electric four-wheeler sales for the first time. A market of that size gives Exicom a materially larger base to sell into, across home charging and the public networks operators build. On the AC side, Exicom recorded a YoY growth of 35% in Q1 FY27. DC sales ran softer, as the first quarter is when charging network operators set budgets and plan sites. Exicom’s India EV business grew revenue 15% year-on-year, and order booking stayed healthy. Some of the key business highlights are captured below:

• On AC charging, Exicom became sole supplier of 7.4 kW units to a leading carmaker. The company strengthened its flagship Spin Air AC charging portfolio with the launch of an AI-chatbot – SpinWise and a new generation of its Spin Control app which now has public charger discoverability, real-time tracking and seamless support. Looking ahead, with EV makers forecasting much higher volumes owing to the market buoyancy, Exicom is working towards doubling its AC line capacity starting Q3.
• Across public charging, Exicom brought on fifteen new charge point operators, securing orders for over 180 DC chargers with Bus/Truck OEMs and Charging Network operators till October 2026. Exicom also renewed its long-term partnership with a leading e-trucking company.
• On the product side, Exicom introduced Slim DC chargers; sub-100 kW DC charging for dense commercial spaces. These Slim series chargers are enabled with smart tech features like Ring Topology which enables inter-charger power sharing to maximize efficiencies and throughputs.
• In exports, Exicom expanded its global footprint with orders from ten new countries, widening the base, while maintaining steady momentum across Southeast Asia and Middle East markets. The company also undertook extensive product development efforts, building an end-to-end ecosystem for selling custom-built and certified AC and DC chargers in specific European markets.

Tritium: Order Intake Steps Up as Next-Generation Products Reach Customers

Tritium recorded a revenue of USD 10.3 million and 508 charger sales in the current quarter. The next phase of Tritium’s progress is now showing in its order book. During the quarter the business booked USD 20.8 million in orders, roughly double the previous quarter. Its newest high power charging system TRI-FLEX is under lab validation with the largest open public charging network in the US and on the power side, the first GRID-FLEX system started to operate at a hyperscale customer in June 2026. These developments, together with a strengthening order book, should support meaningful scale from Q2 FY27 onwards and keep Tritium on track for EBITDA breakeven in Q4 FY27.

Critical Power: A Quarter That Built the Order Book

Critical Power revenue grew 80% year on year, carried largely by 5G site expansion by leading telcos and Bharat Net Phase 3, where Exicom holds over 60% wallet share. Company’s Battery Energy Storage Systems (BESS) portfolio which consists of solutions up to 300 kWh for home and C&I segment also added 14 customers and close to ₹20 crore bookings in Q1, an early base we expect to scale in FY27. Export markets continued to perform well with Africa and the Middle East contributing to 8% of revenues.

Remarking on the performance, Anant Nahata, Managing Director and CEO, Exicom, said: “Against the same quarter last year this is a stronger business. The Q1 revenue trajectory materialised as planned, however, cost pressure took more out of margins than what we anticipated. Looking at FY27, we are excited to see the EV market expand beyond its current shape and form. I am confident about the year ahead, and that confidence comes from where both our businesses now sit, with more customers, more geographies, a deeper order book, and commitments that deliver through FY27.”

About Exicom:

Exicom is one of India’s leading EV charging and Critical Power solutions manufacturer, present across the entire EV charger value chain with a host of products across both AC & DC charger segments and is spearheading India’s transition to sustainable transportation while ensuring the smooth functioning of critical infrastructure. With a wealth of expertise across its divisions, Exicom’s critical power solutions serve as the backbone of communication networks, delivering uninterrupted power supplies crucial for telecom infrastructure. With a footprint spanning India, Southeast Asia, Middle East, US, Europe and over 200,000 chargers sold worldwide, Exicom is at the forefront of shaping the global EV charging landscape.

Certain statements in this release may be forward-looking statements within the meaning of applicable securities laws and regulations. Actual results may differ materially from those expressed or implied depending upon economic conditions, government policies and other incidental factors.

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RMZ’s Ecoworld 30 and RMZ Infinity Earn British Safety Council Five-Star Rating

Mumbai, Aug 10: RMZ, India’s largest privately owned real assets platform, announced that RMZ Ecoworld 30, and RMZ Infinity, Bengaluru, have been awarded the British Safety Council Five-Star Rating. The recognition follows a comprehensive assessment of the assets’ employee health, safety, wellbeing, and environmental management systems. Conducted by British Safety Council officials, the evaluation reviewed RMZ’s processes and procedures, as well as the improvements implemented across both properties since the previous audit cycle.

With this achievement, RMZ Ecoworld 30 and RMZ Infinity are now eligible to apply for the British Safety Council’s Sword of Honour, one of the most prestigious international accolades recognizing organizations that demonstrate excellence in occupational health, safety, and environmental management.

The Five-Star Rating further strengthens RMZ’s portfolio of high-performing commercial assets and reinforces the company’s commitment to responsible asset management, operational excellence, and the creation of future-ready workplaces aligned with global ESG, health, safety, and wellbeing standards.