Chandigarh University Hosts National Space Technology Conclave with ISRO; 30 Eminent Space Leaders & Scientists Deliberate on India’s Future Space Missions

Chandigarh University becomes India’s First University to Unveil ‘Declaration on Space Technology for Viksit Bharat 2047′ to Strengthen Universities’ Role in National Space Missions

CHANDIGARH, India, Aug. 17, 2026 /PRNewswire/ — Giving a major thrust to India’s growing space ambitions, Chandigarh University on Monday brought together the country’s leading space scientists, mission leaders, astronaut, industry experts and academia at the National Space Technology Conclave (NSTC) 2026 to deliberate on the emerging technologies and capabilities that will shape India’s next generation of space missions. Organised by Chandigarh University’s Kalpana Chawla Centre for Research in Space Science and Technology (KCC) in collaboration with the Indian Space Research Organisation (ISRO) and the Indian Institute of Space Science and Technology (IIST), two-day conclave features participation of 30 distinguished scientists, mission leaders and technologists from ISRO, IIST, Indian National Space Promotion and Authorization Center (IN-SPACe), NewSpace India Limited (NSIL) and UR Rao Satellite Centre (URSC), along with 10 CEOs and senior leaders from leading Indian space industries and start-ups.

The conclave brought together several eminent figures from India’s space sector, including Dr Vinod Kumar, Director, Promotion Directorate, IN-SPACe who was Chief Guest along with Nilesh M Desai, Former Director Space Applications Centre (SAC), ISRO, Dr YVN Krishnamurthy, Former Scientific Secretary, ISRO, Sanjay Nekkanti, CEO, Dhruva Space, M Venkat Rao, Former Project Director and Advisor to ISRO, Dr Priyadarshanam, Head SSPACE, IIST, Dr Rajeev Jyothi, Director, Technical Directorate, IN-SPACe and Dr Srividya G Scientist – SG URSC among others.

Making a significant first-of-its-kind contribution to India’s university-led space ambitions, Chandigarh University became the first university to unveil the ‘Chandigarh University Declaration on Space Technology for Viksit Bharat 2047’ following extensive deliberations at the conclave.

Speaking on the occasion, Dr Vinod Kumar, Director, Promotion Directorate, IN-SPACe said, “ISRO has done a great job and made India a super space power, developing technologies across applications, launch vehicles and satellite systems. But while we had the technology, we were not self-sufficient and more than 70% of our demand was met through outsourcing. Keeping this in mind, the Government under the leadership of Prime Minister Narendra Modi opened the space sector for private participation in June 2020, with the objective that space technology should reach the last person under the vision of Antyodaya. Since then, we have seen a boom in the private space ecosystem, with 450-plus space start-ups today. The Indian Space Policy 2023 clearly defined the roles of ISRO, IN-SPACe, NSIL and non-government entities, while the national vision is to build a strong, globally competitive and commercially vibrant space sector in the coming years. To support this growth, we have introduced schemes including the Space Seed Fund, the Technology Adoption Fund, the venture capital fund and the Pre-Incubation Entrepreneurship Development Programme, where a young innovator can bring an idea and take it through three phases, ideate, innovate and demonstrate.”

Dr YVN Krishnamurthy, Former Scientific Secretary, ISRO said, “The strength of India’s space programme is not just in launching satellites, but in developing cost-effective solutions, extending satellite life and using space technology for societal benefit. Our Prime Minister’s vision of taking space technology across 86 ministries, opening the sector to private participation and making geospatial data more accessible has created tremendous opportunities for young people, innovators and start-ups. With support and finance available, the need is to think beyond textbooks, create new ideas and build solutions that benefit humanity. The world is looking towards India for future space capabilities, including habitation on the Moon and Mars, so students must think big. Chandigarh University, with the support of ISRO, IIST and the Kalpana Chawla Centre, has the potential to contribute to this national space vision.”

Nilesh M Desai, former Director of Space Applications Centre (SAC), ISRO, said, “With the space reforms started in 2020 after Covid and setting up of Indian National Space Promotion and Authorisation Centre (IN-SPACe) in Ahmedabad in 2022, Prime Minister Narendra Modi wanted that space starts ups should be encouraged and private sector should play more role in the Indian space activities. So this initiative by Chandigarh University’s KCC in collaboration with the ISRO and IIST to organize this two-day will go a long way in promoting space activities among students. It will create a talent pool specially when we are facing lots of problems in getting relevant professionals in various space activities including communication and navigation. It will give impetus to generation of talent pool and help the Indian space sector specially in the private domain.”

Sanjay Nekkanti, CEO, Dhruva Space, said, “India has a billion-plus population, but there are still not many private space companies building full satellites and servicing India’s requirements, let alone the global market. Today, India operates roughly 55 satellites, compared to about 1,000 operated by the US and China, with private companies in these countries operating thousands of satellites. I believe this is going to change in the coming decade, as India moves from servicing its own requirements to servicing global requirements. Gone are the days when people were building one, two, three or five satellites; people are now launching tens, hundreds and thousands of satellites. Chandigarh University must encourage launching of constellation of small satellites that can service some of the social goals of India and also form a national asset backbone in collaboration with IIST with IN-SPACe supporting the effort.”

Prof. (Dr) Eswar Sunkara, Senior Director, Kalpana Chawla Centre Chandigarh University, said, “The Chandigarh University Declaration on Space Technology for Viksit Bharat 2047 will provide a strategic direction for the role universities can play in advancing India’s space ambitions. The Declaration will bring together the perspectives of leading space scientists, institutional leaders and academia to strengthen space technology education, research, innovation, skill development and industry collaboration, while providing a roadmap for universities to contribute more meaningfully to national space missions. Our vision is to establish Chandigarh University as a regional hub for space research, technology and innovation with Kalpana Chawla Centre serving as catalytic force for capacity building in this direction. With the support and guidance of ISRO and other national space institutions, we aim to develop space-ready human resources and build capabilities that contribute to India’s broader vision of becoming a technologically advanced and globally competitive Viksit Bharat by 2047.”

The first day featured expert deliberations, roundtables, technology demonstrations and direct interactions between students and leading space scientists, astronauts and industry experts, focusing on the technological priorities shaping India’s future space missions.

About Chandigarh University

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

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

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Bitmine Immersion Technologies (BMNR) Announces ETH Holdings Reach 5.82 Million Tokens, and Total Crypto and Total Cash Holdings of $11.4 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 1.7 million shares of common stock in the past week, and has repurchased over 20.8 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 $9.6 billion at $1,893 per ETH. MAVAN (Made in America VAlidator Network) is a premier Ethereum staking destination for BMNR and institutional investors

Bitmine owns $73 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 $11.4 billion, including 5.82 million ETH tokens, total cash & marketable securities of $78 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. 17, 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 $11.4 billion.

As of August 16, 2026 at 9:30pm ET, the Company’s crypto holdings are comprised of 5,815,164 ETH at $1,893 per ETH (per Coinbase NASDAQ: COIN), 210 Bitcoin (BTC), $180 million stake in Beast Industries, $73 million stake in Eightco Holdings (NASDAQ: ORBS) (“moonshots”) and total cash & marketable securities of $78 million. Bitmine’s ETH holdings are 4.8% of the ETH supply (of 120.7 million ETH).

“We are encouraged to see the ETH/BTC ratio at 0.02994 and rising. This ratio has moved above the long-term downtrend in place over the last few years and is a sign, in our view, that markets are beginning to see materialization of tokenization and agentic-AI applications, which should benefit Ethereum,” stated Thomas “Tom” Lee, Chairman of Bitmine. “We expect easing financial conditions to be a tailwind for crypto.”

“This ETH/BTC ratio has moved up during crypto bull cycles, driven by increasing use of Ethereum relative to bitcoin. These prior cycles were fueled by ICOs (2017-2018), NFTs (2020-2021), and stablecoins (2025). In this upcoming crypto cycle, we see the ETH/BTC ratio rising, driven by Wall Street tokenizing on the blockchain and by agentic-AI using blockchains,” continued Lee.

“We continue to view Bitmine’s common shares as undervalued and the Company repurchased 1.7 million shares during the past week, bringing total common equity repurchases to over 20.8 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 20.8 million shares of common stock under the previously authorized $4 billion share repurchase program.  

“Over the past week, we acquired 9,926 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 America 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 16, 2026, Bitmine total staked ETH stands at 5,067,309 ($9.6 billion at $1,893 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 $287 million on an annualized basis (using 2.61% 7-day BMNR yield),” stated Lee.

“Annualized staking revenues are now projected at $250 million. And this 5.1 million ETH is 87% of the 5.82 million ETH held by Bitmine. Bitmine’s own staking operations generated a 7-day yield of 2.61% (annualized),” continued Lee.

Bitmine’s crypto holdings reign as the #1 Ethereum treasury and #2 global treasury, behind Strategy Inc., which reportedly owns 840,447 BTC valued at approximately $58 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 55 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), together with 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. Since 2025, the Company has 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,” “view,” “see,” 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 $287 million (assuming Bitmine’s ETH is fully staked by MAVAN and its staking partners at scale), current projected annualized staking revenues of approximately $250 million, and the 7-day yield of 2.61% (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 the characterization of such shares as “undervalued”; (vii) expectations regarding the relationship between ETH performance versus Bitcoin or the Nasdaq 100, including statements that ETH outperformed the Nasdaq 100 by 2,500 basis points in July 2026 as “reflective of the strengthening fundamentals of crypto”; (viii) management’s expectation that easing financial conditions will be “a tailwind for crypto”; (ix) statements and expectations regarding the ETH/BTC ratio, including that markets are “beginning to see materialization of tokenization and agentic-AI applications, which should benefit Ethereum,” and that the ETH/BTC ratio will rise in the upcoming crypto cycle driven by Wall Street tokenization and agentic-AI using blockchains; (x) management’s belief that the GENIUS Act and SEC Project Crypto are “as transformational to financial services” as the end of the Bretton Woods system in 1971; (xi) statements regarding the Company’s investment in Eightco Holdings (NASDAQ: ORBS) as providing indirect exposure to OpenAI; and (xii) the future growth, advancement, and strategic direction of the Company’s Ethereum treasury strategy, blockchain infrastructure capabilities, and MAVAN staking platform.

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, and the speculative nature of digital asset investments; 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, including the “Alchemy of 5%” goal; 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, slashing events, 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 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 and any indirect exposure to OpenAI; macroeconomic factors, including inflation, interest rates, Federal Reserve monetary policy, labor market conditions, and general economic conditions affecting investor sentiment toward digital assets; the accuracy of management’s expectations regarding the ETH/BTC ratio and the impact of tokenization and agentic-AI applications on Ethereum; the unpredictability of cryptocurrency market cycles and the accuracy of expectations regarding future crypto cycles; 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, custodians, and staking partners; risks related to the concentration of the Company’s assets in digital currencies, particularly Ethereum; 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, projections, views, and beliefs concerning future events and circumstances. 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/. The Company cautions readers not to place undue reliance on any forward-looking statements, which 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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FREED Introduces EMI Score, a Free Financial Assessment Tool to Help Borrowers Evaluate Loan Affordability

GURUGRAM, India and MUMBAI, India, Aug. 17, 2026 /PRNewswire/ — FREED, India’s first liability management platform, today launched EMI Score, a free borrower-first measure of financial health. EMI Score reads income stability and quality, monthly savings, and total loans and EMIs, then places each borrower on a scale of 0 to 100 that shows exactly where they stand and what they can comfortably carry.

The score is free and live today at freed.care/emi-score.

Why India needs a borrower-side score

Credit is one of the most powerful tools a household has. Borrowing is how millions of Indians move their lives forward, and the expansion of credit in this country has been genuinely good for people and for the economy. A loan works best when it is taken to build something, and when it is taken after an honest assessment of whether it can be repaid sustainably.

That second part is where the gap lies. Household debt has climbed to 45.5% of GDP, and non-housing loans now account for 58.4% of household borrowing, per the RBI’s Financial Stability Report of June 2026.

Borrowers today have no simple way to answer the question that matters most to them: If they can genuinely afford this EMI alongside everything they are already carrying. Without an answer, millions quietly take on more than their income and savings can sustain, and find out only after a payment is missed, by which point the options have narrowed. What has been missing is a way for people to see stress building while they can still do something about it.

How EMI Score works

EMI Score brings together three parts of a person’s financial life into a single number between 0 and 100:

Income– how stable and sufficient monthly earnings are

Savings– the cushion available to fall back on

Loan behaviour– how well existing loans are being handled

The score places each borrower in one of three zones, and each zone leads to a clear next step.

Prevention, care and cure are how FREED has built its debt relief solutions stack. EMI Score is the diagnosis. What follows it is treatment.

Ritesh Srivastava, Founder and CEO, FREED, said, “FREED exists to put the borrower first, and EMI Score is the clearest expression of that. Credit is a good thing. It is how people buy homes, educate their children and build businesses. The question is never whether to borrow. It is whether this loan, at this moment, is one you can comfortably carry. Today most people discover they are in stress only after a missed payment. We want to move that moment earlier, from cure to care to prevention. A loan should help you move forward. It should never become the thing that keeps you up at night.”

Every borrower already knows their credit score, and it does its job well. EMI Score answers a different question, and it answers it for the borrower rather than the lender. It is not a record of how loans have been handled in the past. It is a read on whether today’s income and savings can carry today’s EMIs, and what happens if one more is added.

Both readings matter, and they are strongest together. When borrowers understand what they can sustain and stay within their means, defaults become less likely and the wider lending system grows steadier. Over time, a trusted borrower-side measure of borrowing health becomes a bridge between borrowers and lenders, helping both sides make better and more sustainable decisions. That is the India FREED is working toward, where people borrow confidently, responsibly, and with a clear understanding of what they can truly afford.

About FREED

FREED is India’s first liability management platform, built to help borrowers take charge of their loans at every stage, from staying financially healthy to simplifying and resolving debt. Through EMI Score, credit insights, loan consolidation, loan settlement and FREED Shield, the platform gives borrowers a clear view of where they stand and the tools to act on it, so that a loan stays an enabler of progress and never a source of stress.

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Thunes to Support Fiserv’s Real-Time Global Payouts for Platforms

Capability enables Fiserv merchant customers to offer real-time international payouts via a single integration.

SAN FRANCISCO, Aug. 17, 2026 /PRNewswire/ — Thunes, the Smart Superhighway to move money around the world, and Fiserv, a leading global provider of payments and financial services technology, today announced a strategic collaboration to transform how global platforms and marketplaces handle international payouts.

Through the alliance, Thunes will support payouts for Fiserv’s merchant ecosystem, enabling ecommerce platforms, marketplaces and other Fiserv clients to send money instantly around the world to pay employees, bills and suppliers.

By leveraging Thunes’ Direct Global Network, Fiserv clients will gain the ability to reach 12 billion bank accounts and mobile wallets in over 140 countries and 90 currencies.

Sanjay Saraf, Chief Product Officer, Fiserv Merchant Services, said: “As merchants expand across borders, they need payments that are as seamless as their growth ambitions. Our work with Thunes helps businesses move money globally with greater speed, transparency and predictability, supporting more efficient and scalable global operations.”

Chloé Mayenobe, Deputy CEO at Thunes, added: “We are thrilled to enable cross-border payments infrastructure for Fiserv as they expand the boundaries of what their customers can achieve. This collaboration further validates Thunes’ ability to support the world’s largest fintechs with a robust global network designed to support compliant and efficient cross-border payouts. Together with Fiserv, we are powering the future of global commerce by making cross-border payments transparent, reliable, and real-time in supported markets.”

Kyle Rosen, Head of Americas at Thunes, added: “This collaboration with Fiserv captures the powerful momentum we are building in the US. U.S. platforms and marketplaces have historically faced significant friction when paying out globally at scale. Together, Thunes’ licensed U.S. payments capabilities and Fiserv’s merchant ecosystem can unlock increased speed and efficiency for businesses looking to capture global growth. We are proud to be the infrastructure engine driving this next chapter of real-time commerce for U.S. enterprises.”

This latest collaboration for Thunes represents another milestone for its growth in the Americas having obtained money transmission licenses in all U.S. states where required. Thunes continues to grow its support for major fintechs in the U.S. and around the world, offering fast, secure and reliable global money movement through its Direct Global Network.

About Thunes:

For more information, visit: https://www.thunes.com/

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CitiusTech Appoints Dhaval Shah as Acting CEO and Shyam Karunakaran as President to Lead Next Phase of Growth and Transformation

MUMBAI, India, Aug. 17, 2026 /PRNewswire/ — CitiusTech, a leading digital and enterprise AI company for healthcare and life sciences organizations, today announced that Dhaval Shah, Chief Business Officer for the MedTech (HMT) and Life Sciences (HLS) markets, has been elevated to the role of Acting Chief Executive Officer, effective immediately. Shyam Karunakaran, Chief Business Officer for Healthcare Payer & Platforms (HHP & Platforms), has been elevated to the role of President, with broad responsibilities spanning enterprise strategy, markets, growth, and execution. Rajan Kohli, Chief Executive Officer, has decided to move on from his role by the end of August 2026 to pursue other opportunities.

The appointments reflect succession planning that has been in place and CitiusTech’s confidence in the strength of its leadership team, positioning the company for its next phase of growth. This leadership transition comes as CitiusTech builds on strong business momentum, with a continued focus on healthcare specialization, AI-led transformation and delivering measurable outcomes for clients.

“Over the past two decades, CitiusTech has built a strong and differentiated business, underpinned by deep healthcare expertise, trusted client relationships and an exceptional leadership team,” said Dr. William Winkenwerder Jr., Chairman, CitiusTech. “As two of CitiusTech’s early founding employees, Dhaval and Shyam have been integral to that journey and today lead over 80% of our business. Their deep understanding of our clients, people and industry, combined with their proven track record of building and scaling businesses, positions them strongly to lead CitiusTech through its next phase of growth. This is an exciting time for the company as healthcare organizations accelerate their adoption of AI and look for partners who can translate that technology into meaningful outcomes. Dhaval and Shyam have the full support of the Board, and the mandate to lead the organization and execute on its strategic priorities. We thank Rajan for his contributions to CitiusTech and wish him every success in the future.”

CitiusTech delivered strong growth in FY26, placing its performance in the top quartile of technology services companies, with strong business momentum continuing into FY27, while maintaining industry-leading client satisfaction, and multiple recognitions as a leader by leading industry analysts. CitiusTech is already helping clients apply AI to real-world healthcare challenges, with growing demand for healthcare-specific AI solutions driving strong momentum across the business. The focus now is to scale these offerings rapidly and responsibly to meet the evolving needs of clients.

Dhaval Shah has been with the company for more than 19 years, helping shape its culture, values, and operating model since its earliest days. Over his tenure, Dhaval has held various leadership roles and was responsible in building the company’s MedTech and Life Sciences businesses. Until recently, he served as Chief Business Officer for these industry segments.

“I want to thank Rajan and the Board for the strong foundation we are inheriting. Our vision to accelerate healthcare intelligence is well and truly underway,” said Dhaval Shah, Acting Chief Executive Officer, CitiusTech. “Our focus now is to make intelligence an integral part of how healthcare organizations operate, make decisions and deliver outcomes. We will build on this foundation to establish CitiusTech as a leader in healthcare AI services.”

Shyam Karunakaran has spent 17 years at CitiusTech. He served as Chief Business Officer for the company’s Payer and Platform businesses and helped build them into the franchises they are today. As President, he will bring that same strategic mandate to the broader organization, with responsibilities across enterprise strategy, markets, growth, and execution.

“Between Dhaval and me, we bring more than 36 years of experience at CitiusTech, and we are excited to lead the company through its next phase,” said Shyam Karunakaran, President, CitiusTech. “The healthcare industry stack is being rebuilt around AI, and CitiusTech is uniquely positioned to win across three layers – the Engineering Layer, the Intelligence Layer, and the Agentic Layer.”

Rajan Kohli said, “It has been a privilege to lead CitiusTech and work alongside such a talented team. Together, we forged strategic partnerships across the healthcare ecosystem, elevated client trust, enhanced CitiusTech’s brand visibility as a category leader, and built a strong foundation in AI that is now driving real outcomes for our clients. I’m grateful to Bill and the Board for their partnership throughout this journey. Dhaval and Shyam are outstanding leaders, and they have my best wishes as they take CitiusTech to even greater heights.”

About CitiusTech

CitiusTech is a leading digital and enterprise AI company for healthcare and life sciences organizations. We enable 140+ enterprises to build a human-first ecosystem that is efficient, effective, and equitable. Leveraging deep domain expertise and next-generation technologies including AI, Cloud, Data, and Intelligent Automation, we assist our clients to realize their vision, accelerate transformation, and achieve business outcomes. With 7,700+ healthcare technology professionals worldwide, CitiusTech powers digital innovation, business transformation, and industry-wide convergence through next-generation technologies, solutions, and products. Follow CitiusTech on X or LinkedIn.

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Moloco Launches Global Agency Partner Program with More than a Dozen Founding Partners

New program recognizes agency expertise, strengthens strategic collaboration, and helps brands unlock growth across the independent app ecosystem

NEW DELHI, Aug. 17, 2026 /PRNewswire/ — Moloco, a global leader in AI performance advertising, today announced the launch of the Moloco Agency Partner Program, a new initiative that strengthens collaboration with global agencies and recognizes those helping brands drive growth on the Moloco platform. The program launches with more than a dozen founding partners across North America, EMEA, LATAM, and APAC, including PMG, Dentsu UK&I, M+C Saatchi Performance, SplitMetrics, RocketLab, Admiral Media, Addict Mobile, Tappx, BlueMedia, GatherOne, Yaaha, CyberZ and Opt.

As advertisers expand their performance marketing strategies across channels such as mobile apps and connected TV, agencies play an important role in helping clients identify new growth opportunities and drive measurable business outcomes. The Moloco Agency Partner Program gives agencies access to resources, support and strategic collaboration to deepen their expertise on the Moloco platform, and provide an opportunity to deliver greater value to clients while growing their own businesses.

“Agencies play a critical role in helping marketers navigate a rapidly changing advertising landscape,” said Sunil Rayan, Chief Business Officer, Moloco. “We’re committed to giving our agency partners the education, collaboration and support they need to create even greater value for their clients. By working more closely together, from education and product collaboration to joint go-to-market initiatives, we can help marketers unlock new growth opportunities while giving agencies another way to differentiate themselves.”

The Moloco Agency Partner Program recognizes agencies for the expertise they’ve built on the platform and the success they’ve delivered for their clients. Partners gain access to certification and education, dedicated support, co-marketing opportunities and closer collaboration with Moloco’s product and go-to-market teams. As agencies deepen their partnership with Moloco, they can unlock additional opportunities for strategic planning, executive engagement and joint marketing initiatives designed to help grow their businesses alongside their clients.

“Our partnership with Moloco has strengthened our ability to deliver high-performing UA campaigns for clients across verticals. Moloco’s AI-driven optimization has been central to that impact, and we look forward to growing alongside Moloco as it expands its footprint in India and globally,” said Nimit Chaudhry, Founder and CEO, strongmetrics.

“I’ve worked closely with the Moloco team for over a year now and they’ve consistently delivered strong results. They’re always quick to bring new tests to grow the account, and what I really value is that it’s always done with the client’s wider strategy in mind,” said Megan Knaggs, App Performance and Gaming Lead, Dentsu UK&I. “For clients who are ready to move beyond the walled gardens of app marketing, Moloco has been a natural next step. And we’re excited to be part of the Agency Partner Program.”

“Our partnership with Moloco has enabled us to build stronger relationships with brands across India and international markets, helping them drive better lower-funnel performance outcomes. Moloco’s AI-driven programmatic technology and audience intelligence give us the transparency, precision, and efficiency our clients need. Together, we are helping advertisers drive smarter app discovery and UA outcomes through relevant, data-driven solutions,” said Arooshi Dharamdasani, CEO, Momentus.

The Agency Partner Program’s founding partners span four regions, with additional agencies expected to join over time. Future phases of the program are expected to introduce an agency badge that recognizes and showcases each agency’s expertise as Moloco continues to invest in the agencies helping shape the future of AI-powered advertising.

For more information about the Moloco Agency Partner Program, visit https://www.moloco.com/solutions/agency-partner-program.

About Moloco

Moloco is an AI-native performance advertising company built for the open Internet. Founded in 2013, Moloco has spent more than a decade building AI systems that make ads more effective and has dedicated itself to shaping the future of the Internet economy. Its core business, Moloco Ads, is an AI-native performance advertising platform that empowers mobile app marketers to drive real business outcomes across millions of mobile apps and a growing number of connected TV platforms. Moloco Commerce Media, the company’s AI-native retail media business, enables retailers and marketplaces to build ad businesses that balance shopper experience with advertiser performance. Moloco’s solutions reach over 200 countries and territories, and the company has offices throughout the US, the UK, Germany, Korea, China, India, Japan, and Singapore. Learn more at www.moloco.com.

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