13, Aug 2026
DCW Limited Appoints Sudarshan Ganapathy as Chief Executive Officer
Elevation from COO brings leadership continuity as the Company enters its next phase of growth
MUMBAI, India, Aug. 13, 2026 /PRNewswire/ — DCW Limited today announced that its Board of Directors has approved the appointment of Mr. Sudarshan Ganapathy as Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) of the Company, with effect from 13th August, 2026.
Mr. Ganapathy is being elevated from his current role as Chief Operating Officer (COO). Associated with DCW since 1990, he brings more than four decades of experience in the Indian chemical industry and a deep understanding of the Company’s businesses, operations and markets.
Deep Industry and DCW Experience
Mr. Ganapathy holds a Master’s Degree in Chemistry from the University of Mumbai and an MMS in Marketing from Welingkar Institute of Management Development & Research, Mumbai. Prior to joining DCW, he worked with Hoechst India Limited and Color-Chem Limited.
Since joining DCW as Regional Sales Manager in the PVC Division, he has held leadership responsibilities across strategy, manufacturing, business development, technology, marketing and market expansion, contributing to the Company’s evolution towards a more diversified and value-added product portfolio.
As CEO, Mr. Ganapathy will, inter alia, oversee the Company’s strategy, finance, marketing and operations, with responsibility for driving business performance and long-term growth. His appointment provides leadership continuity as DCW strengthens its Specialty Chemicals business, improves operating efficiency and builds on a stronger financial and manufacturing platform.
Management Commentary
Mr. Bakul Jain, Chairman & Managing Director, DCW Limited, said:
“Sudarshan has been closely involved in DCW’s development for more than three decades and understands our businesses, operations, customers and markets in depth. His appointment provides continuity in leadership while bringing our strategic, financial and operating priorities together under one experienced leader.”
Mr. Sudarshan Ganapathy, Chief Executive Officer, DCW Limited, said:
“I am grateful to the promoters and the Board for the trust they have placed in me. Having been part of DCW’s journey over the years, I have seen the strength of our businesses, people and capabilities. My focus will be on disciplined execution, strengthening Specialty Chemicals, improving operating efficiency and maintaining financial discipline as we build on the platform created for DCW’s next phase of growth.”
About DCW
DCW Limited stands as a stalwart in the Indian chemical industry, upholding a rich legacy since its foundation in 1939. The Company operates two major manufacturing facilities located in Dhrangadhra, Gujarat, and Sahupuram, Tamil Nadu. DCW’s portfolio is strategically segmented into Basic Chemicals (including Soda Ash, Caustic Soda, and PVC) and Specialty Chemicals (including Chlorinated Poly Vinyl Chloride (CPVC) and Synthetic Iron Oxide Pigment (SIOP)). The Company serves a diverse clientele globally, with a major presence in the USA, Europe, Japan, and the Netherlands. DCW is focused on leveraging its integrated operations, R&D capabilities in Sahupuram, and strategic investments to drive sustainable growth and strengthen its position in the domestic and international markets.
Safe Harbour Statement
Statements in this press release describing the Company’s objectives, projections, estimates, expectations, and predictions may be “forward-looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those expressed or implied due to various factors, including variations in prices of raw materials and finished goods realization, changes in government regulation, tax regimes, economic developments, supply chain disruptions, and other incidental factors.
For more information, please visit www.dcwltd.com
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- By Sai Krishna
13, Aug 2026
IFFCO-TOKIO GIC Settles Over 100 Flood-Related Claims in Gujarat and Maharashtra
The company has implemented a quick settlement system for those affected by floods, with teams working tirelessly to ensure customers receive relief without delay
Delhi/Gurugram, Aug 13: IFFCO-TOKIO General Insurance Company Limited (IFFCO-TOKIO GIC), one of India’s leading general insurance companies, has intensified its efforts to provide swift relief to customers affected by the recent floods. The company has already settled more than 100 claims including motor and non-motor insurance policies.
The company has implemented a quick claims settlement process for customers affected by the floods, with dedicated teams working tirelessly to ensure that policyholders receive relief without delay.
In this hour of difficulty, IFFCO-TOKIO GIC stands in solidarity with the flood-affected people. Its dedicated teams are actively engaged in expediting surveys, assessments and claim settlements so that affected policyholders can access financial assistance at the earliest.
Mr. Tatsuya Fujimoto, Director (Operations) , IFFCO-TOKIO General Insurance Company Limited, said, “At IFFCO-TOKIO GIC, we understand the challenges faced by families and businesses affected by the recent floods in Gujarat and Maharashtra. We work in line with the motto — ‘To be there for our customers and society in times of need.’ Our teams are working tirelessly to ensure that genuine claims are assessed and settled as quickly as possible. We remain committed to providing prompt support to our customers during this difficult time.”
For assistance related to claims, customers are requested to contact their nearest IFFCO-TOKIO office or reach out through the company’s customer support channels 1800-103-5499.
Precautions for Customers
During and after floods, people are advised to prioritise their safety and take necessary precautions to minimise the risk of further damage. They should avoid entering flooded areas or driving through waterlogged roads, stay away from exposed electrical wires and switch off the main power supply if it is safe to do so. Policyholders should, wherever possible, take photographs or videos of the damage to their vehicles, homes, businesses or other insured assets before undertaking repairs or disposal of damaged items. They should also preserve relevant documents, bills and other evidence related to the loss and promptly inform their insurance company about the incident. In case of an emergency, safety should always take precedence, and people should follow advisories issued by local authorities.
13, Aug 2026
307 students of Fashion, Industrial, Interior Design and Fine Arts secure placements at Chandigarh University
Designing students launch 7 startups in last 3 years
CHANDIGARH, India, Aug. 13, 2026 /PRNewswire/ — At present, designing is a rapidly growing sector whose demand is continuously rising in the national as well as the international market – whether it is fashion designing or interior designing, product and industrial designing, or painting and sculpture designing in fine arts. Keeping this growing need in mind, the University Institute of Design of Chandigarh University is making students capable professionals through creativity, innovation and industry-ready skills. Students of the University Institute of Design (UID) are showcasing their talent brilliantly in every field and achieving new milestones. In the last three years, 307 students of UID comprising of students belonging to Fashion, Industrial, Interior Design and Fine Arts field have secured placements in reputed fashion houses, production houses, brands and companies. At the same time, 317 students have also gained practical industry experience through internships.
In the last three years, 108 students secured placements in the field of interior design. Students have received opportunities in reputed companies such as Livspace, Asian Paints, HomeLane, Daftar Decor and Kargason Brands Private Limited. 6 students have received highest package of 6 LPA by Livspace. Through project-based learning, students are given practical training in areas such as fundamentals, design principles, human comfort, ergonomics, colour theory, materials, space planning and 3D representation. As a result, students are building careers in fields including residential, commercial, hospitality, healthcare, retail, set, kitchen and lighting design, as well as 3D visualisation.
In the field of industrial design, the Department of Product and Industrial Design places special emphasis on preparing students in line with the changing needs of the industry. In the last three years, 40 students of Bachelor of Industrial Design secured placements, while 48 students completed internships in reputed institutions. Students have secured placements on the strength of their talent in top companies such as Social Hardware, Mercer, BYJU’S, Future Tech Design, Times Internet: The Economic Times, Future Tech Design, DataVinci, Capgemini, Dev Story, Cognizant and Fox My Box. During this period, the highest annual package of Rs 20 lakh reflects the professional capability of the students and their acceptance in the industry. Social Hardware offered an industrial design student the highest package of up to Rs 20 lakh per annum, while Mercer offered up to 12 LPA and BYJU’S and Future Tech Design provided packages of up to 7 LPA to students.
Chandigarh University is turning art into a career for fine arts students. The Department of Fine Arts has also given the creative industry a new generation of talented artists. With a balance of theory and practical learning, students get the opportunity to refine their creative expression in painting, sculpture, applied arts and other art mediums. In the last three years, 77 students secured placements in reputed creative art and design companies, design studios, film and music post-production houses and publishing houses, while 181 students completed internships and 14 students are currently pursuing higher education. During this period, the highest package of 7.2 LPA was offered by Pocket FM. Those providing placements to students include Renyour Creations Private Limited, Sunbase, Pocket FM, Chit1 Studio, Lenskart, Madari Studio, Rather Games, Rabab Studio and Good Luck Publishers.
Today, the University Institute of Design of Chandigarh University is not limited only to preparing designers but is preparing creative professionals and young entrepreneurs who are shaping the future of the design industry through their imagination, technical skill and innovation.
Students have performed outstandingly in the field of fashion design. Along with placements, students are also launching their own brands. In the field of fashion design too, students of Chandigarh University have made an excellent display of their creativity and entrepreneurship. In the last three years, 62 students secured placements in reputed fashion brands, in which the highest package was 5.5 LPA. At the same time, in the last five years, 4 students have taken a step towards entrepreneurship by starting their own fashion labels.
Talented designers of the Department of Fashion of Chandigarh University are showcasing their art and design skills at Reliance Gas Lifestyle Retail Limited, Punjab; Vero Moda, Ludhiana; Arvind Fashions Tommy Hilfiger Kids, Ludhiana; Arvind Fashions Calvin Klein, Ludhiana; Arvind Fashion Private Limited, Rohtak; Guess Gauriks Lifestyle, Bengaluru; Sanghvi Beauty Technologies, Delhi; Tommy Hilfiger, Chandigarh; Arvind Lifestyle U.S. Polo, Noida; and DA Milano.
Through modern labs and studios, industry training, visits, expert talks, internships and live projects, students get the opportunity to learn in a real industry environment. State-of-the-art facilities for garment construction, pattern making, textile dyeing and printing inspire students towards new experimentation and innovation.
In the last five years, 5 students of fashion design and fine arts have established their own fashion brands and tattoo studios. Apart from this, two female students of interior design are successfully running their own startups.
Sharing information about the University Institute of Design on this occasion, Senior Managing Director of Chandigarh University, Deepinder Singh Sandhu, said, “The University Institute of Design of Chandigarh University trains students in line with rapidly changing professional trends. While creating a unique balance between theory and practical learning, students are encouraged towards creativity along with innovation, so that they can mould their thinking and imagination in line with design, technical proficiency, practical experience and the needs of the industry. The University Institute of Design of Chandigarh University also encourages students to become entrepreneurs.”
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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13, Aug 2026
ADFW 2026 Unveils First Wave of Top Speakers, Bringing the World’s Capital Community to Abu Dhabi
- The first wave includes senior UAE and Abu Dhabi government leaders alongside top global CEOs, chairpersons, founders, and institutional investors from industry giants such as Allianz SE, DBS Group, Franklin Templeton and Temasek Holdings
ABU DHABI, UAE, Aug. 13, 2026 /PRNewswire/ — Under the patronage of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi and Chairman of the Executive Council, Abu Dhabi Finance Week (ADFW), hosted by ADGM, today announced the first cohort of leading speakers for its fifth edition, taking place from 7 – 10 December 2026 under the theme ‘The Capital Community, Powered by Partnerships.’
With just under five months to go until the event, ADFW has already attracted more than 200 confirmed top international speakers from government, financial services, investment, technology and innovation, as Abu Dhabi continues to strengthen its position as a leading global hub for capital and investment.
H.E. Ahmed Jasim Al Zaabi, Chairman of ADGM, said: “The exceptional early commitment from global financial leaders to ADFW 2026 reflects growing confidence in Abu Dhabi as a trusted destination for capital, investment and long-term partnerships.
“The strength of ADFW lies not only in the conversations that happen here, but in what they lead to. By bringing together the world’s leading investors, policymakers and innovators, Abu Dhabi creates an environment where dialogue translates into investment and relationships become long-term partnerships. That is what distinguishes Abu Dhabi as the Capital of Capital.”
Government and Abu Dhabi representatives include H.E. Ahmed Jasim Al Zaabi, Chairman of ADGM and the Abu Dhabi Department of Economic Development; H.E. Dr. Thani bin Ahmed Al Zeyoudi, Minister of Foreign Trade, UAE; H.E. Mohamed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport; H.E. Dr. Sultan bin Saif Al Neyadi, Minister of State for Youth Affairs, UAE; H.E. Shamis Ali Khalfan Al Dhaheri, Chairman of the Abu Dhabi Department of Community Development and Second Vice Chairman and Managing Director, Abu Dhabi Chamber of Commerce and Industry; H.E. Salem Al Nuami, Managing Director of Abu Dhabi Pension Fund; H.E. Majid Al Suwaidi, CEO, ALTÉRRA; H.E. Dr. Tariq Bin Hendi, CEO of Botim, Mohamed Abdelbary, GCEO of Abu Dhabi Islamic Bank, Hamad Al Ameri, CEO of Alpha Dhabi, and Antonoaldo Neves, CEO of Etihad.
They will be joined by senior executives from many of the world’s largest financial institutions, including Oliver Bäte, Chairman of the Board of Management and CEO, Allianz SE; Tan Su Shan, CEO, DBS Group; Ron O’Hanley, Chairman & CEO of State Street; Bill Winters, CEO, Standard Chartered; Clare Woodman CBE, CEO, Intl, Morgan Stanley; Stefan Bollinger, CEO, Julius Baer; Dilhan Pillay Sandrasegara, Executive Director and CEO, Temasek Holdings; Andreas Berger, Group CEO, Swiss Re; Charles R. Kaye, Chairman, Warburg Pincus; Hendrik du Toit, Founder and CEO, Ninety One; Tarek Sultan, Chairman, Agility; Steven Desmyter, President, Man Group;.
The programme will also feature leading voices from global asset management, alternatives, infrastructure, commodities and institutional investment, such as Jenny Johnson, CEO, Franklin Templeton; Katie Koch, President and CEO, TCW; Tobias C. Pross, CEO, Allianz Global Investors; Marc C. Ganzi, CEO, DigitalBridge; Dmitry Balyasny, Co-Founder, Managing Partner and Chief Investment Officer, Balyasny Asset Management; Mike Freno, Chairman, President and CEO, Barings; David Druley, CEO, Cambridge Associates; and Stefan Hoops, CEO of DWS.
Reflecting the growing connectivity between finance, technology and innovation, the programme will also feature leaders from the technology, digital assets and fintech ecosystem, including Chamath Palihapitiya, Founder of Social Capital; Richard Teng, CEO of Binance; JoeBen Bevirt, Founder and CEO, Joby Aviation; Robert Smith, Founder & CEO of Vista Equity; Pascal Gauthier, Chairman and CEO, Ledger; Lily Liu, President, Solana Foundation; and Charles Cascarilla, Co-Founder and CEO, Paxos.
Building on the success of previous editions, ADFW 2026 will introduce an expanded programme designed to deepen senior engagement and deliver more focused outcomes. New additions include the inaugural editions of the Abu Dhabi Real Estate Summit, the AIMA Global Hedge Fund Leaders Platform, The Hub71 Startups Campus, a Healthcare and BioTech Forum, as well as multiple Global Strategy Roundtables and expanded private forums. Across the week, ADFW 2026 is expected to stage more than 70 thematic events featuring over 800 speakers. The programme will be structured around four main thematic days covering Abu Dhabi’s economic strategy, global markets, asset management, fintech, digital assets, sustainable finance, and Islamic finance.
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13, Aug 2026
Standard Chartered Accelerates India’s GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience
Bengaluru, August 13, 2026: Standard Chartered convened industry leaders, policymakers and Global Capability Centre (GCC) executives at its GCC Conference in Bengaluru, to reaffirm its commitment to supporting the next phase of India’s GCC growth story.
The event was graced by Dr. Manjula N, IAS, Secretary, Department of Electronics, Information Technology, Biotechnology and Science & Technology, Government of Karnataka, Tanuj Kapilashrami, Group Chief Operating Officer, Standard Chartered and P.D. Singh, Chief Executive Officer, India & South Asia, Standard Chartered, who shared perspectives on India’s growing prominence as the world’s preferred destination for global capability centres and the opportunities that lie ahead.
India today hosts the world’s largest GCC ecosystem, attracting leading organisations to build capabilities beyond traditional service delivery. Industry estimates indicate that India’s GCC market is projected to reach approximately US$105 billion by 2030, reinforcing the country’s position as the world’s leading global capability hub. Further, with 183 new GCCs established during the first half of 2026 (as per industry estimates), India continues to strengthen its position as the preferred global destination for capability centre investments.
As organisations expand their GCC footprint, Standard Chartered supports their banking requirements through a connected banking experience spanning both offshore and onshore operations. Leveraging its international network, digital banking platforms and deep expertise in supporting treasury centres, cross-border corporates and evolving GCC operating models, Standard Chartered helps organisations simplify financial operations while supporting growth across global markets.
Speaking at the conference, Tanuj Kapilashrami, Group Chief Operating Officer, Standard Chartered said, “India’s GCC story is entering a new phase; one defined by greater global ownership, innovation and strategic impact. As organisations build increasingly connected and enterprise-critical capability centres, they need partners that combine global banking expertise with first-hand operational experience. As the super-connector bank, Standard Chartered is uniquely positioned to support this next wave of GCC growth by bringing together global connectivity, deep local expertise and over 25 years of experience operating one of our own GCCs in India.”
P.D. Singh, Chief Executive Officer, India & South Asia, Standard Chartered, added, “India’s GCC story represents one of the most significant business opportunities globally today. As organisations look to build globally connected, innovation-led capability centres, they need a banking partner that understands both the operational realities of running a GCC and the financial complexities of scaling one across markets. Having operated our own GCC in India for over 25 years while partnering with leading multinational clients worldwide, Standard Chartered brings a unique perspective that enables us to support clients throughout every stage of their GCC journey.”
Over the last few decades, GCCs have progressed from cost-efficient delivery centres to strategic enterprise hubs while driving critical business outcomes for global enterprises. As this transformation continues, Standard Chartered remains committed to enabling the next generation of GCCs, bringing deep expertise and firsthand insight shaped by its experience as both a banking operator to GCCs and the operator of one of its own.
13, Aug 2026
India’s Exports Cross Dollar 80 Billion in July as Global Demand Fuels Strong Growth
NEW DELHI, Aug 13: India’s exports of goods and services crossed the $80-billion mark in July, registering a strong 13.3 per cent year-on-year growth and providing fresh momentum to the country’s trade outlook.
The rise reflects growing demand for Indian products and services in international markets and highlights the expanding role of exports in the country’s economy.
The latest performance comes as Indian businesses continue to expand their presence across global markets. Both merchandise and services are contributing to the broader export story, giving the country a more diversified trade base.
Services remain a key strength
India’s services sector continues to be an important contributor to export growth. Information technology, business services, professional services and other digitally delivered activities have helped Indian companies serve customers across international markets.
The continued expansion of services exports is also supporting employment for skilled professionals and strengthening India’s position in the global services economy.
Manufacturing gains importance
India’s merchandise exports are also benefiting from the expansion of domestic manufacturing.
Electronics, engineering products, pharmaceuticals, chemicals and other manufactured goods are increasingly finding markets overseas. This growth is helping Indian manufacturers become more closely connected with global supply chains.
For businesses, particularly small and medium-sized enterprises, stronger international demand can create opportunities to expand production, enter new markets and generate additional employment.
Exports support wider economic growth
A sustained rise in exports can have a broader impact on the economy. Higher overseas demand can support manufacturing, logistics, transportation, finance and other supporting sectors.
It can also encourage businesses to invest in technology, improve productivity and develop products that can compete in international markets.
India looks towards a larger global role
The July export performance highlights the growing international reach of Indian businesses.
Maintaining this momentum will depend on strengthening manufacturing capabilities, improving logistics, supporting exporters, expanding market access and ensuring that Indian products and services remain competitive globally.
With total exports crossing $80 billion in July, India’s trade sector is showing strong momentum and reinforcing the country’s growing role in the global economy.
13, Aug 2026
D2L Brightspace Approved Under AICTE’s NEAT 6.0 To Strengthen AI-Enhanced Digital Learning Across India’s Technical Institutions
All India Council for Technical Education empanels D2L to participate in the National Education Alliance for Technology 6.0 initiative
NEW DELHI, Aug. 13, 2026 /PRNewswire/ — D2L, a global leader in learning innovation, has been empaneled under the All India Council for Technical Education’s (AICTE) National Education Alliance for Technology (NEAT) 6.0 initiative, strengthening its presence in India’s higher education ecosystem.
A Memorandum of Understanding (MoU) was formally signed between D2L and AICTE-NEAT, marking a strategic partnership to deliver outcome-based, technology-enhanced education to technical institutions across India.
“For many years, choosing an institution was the biggest factor determining how successful your education would be in India,” said Vivek Iyer, Managing Director, India at D2L. “AICTE NEAT 6.0 is an opportunity to change this. Once AI-based learning becomes available to all affiliated institutions, whether located in Mumbai or elsewhere, talent can thrive regardless of location. The best part of this partnership isn’t the technology but rather making excellence truly attainable instead of merely aspirational.”
NEAT is a flagship initiative of the Ministry of Education, Government of India, implemented through AICTE to provide higher education institutions with access to curated, high‑impact EdTech solutions. NEAT 6.0 represents the next phase of this effort, focused on accelerating digital adoption and improving learning outcomes at scale. By being empaneled under NEAT 6.0, D2L Brightspace will be positioned as an approved Learning Management System (LMS) and a strategic digital learning platform to AICTE-affiliated institutions seeking to modernize and expand their digital learning environments.
Under NEAT 6.0, D2L Brightspace will be offered as a scalable digital learning platform to support institutions in transforming teaching and learning. Built for higher education, it enables personalized learning experiences, data‑driven insights and flexible course delivery at scale. Institutions will be able to adopt D2L Brightspace through the NEAT platform under standardized pricing, enabling faster and broader access to digital learning infrastructure.
“India’s education system is at an inflexion point,” said Vivek Iyer, Managing Director, India at D2L. “While traditional models have not always ensured equitable access, digital learning platforms like D2L Brightspace can help bridge this gap. Through NEAT 6.0, we aim to enable Indian institutions to deliver high‑quality learning at scale, improve outcomes and support workforce readiness.”
D2L Brightspace is built to help institutions meet the evolving demands of higher education. It combines intelligent course design tools, AI-enhanced personalized learning pathways, accessibility features for diverse learner needs and real-time data analytics. This will help faculty and administrators track student progress, making it well-suited to serve the scale and diversity of India’s technical education ecosystem.
About AICTE-NEAT
The National Education Alliance for Technology (NEAT) is an initiative of the Ministry of Education, Government of India, implemented through AICTE. NEAT curates best-in-class EdTech solutions to improve learning outcomes in higher education, with a strong focus on ensuring equity, accessibility, and inclusion for learners across all regions of India.
About D2L
D2L is transforming the way the world learns, helping learners achieve more than they dreamed possible. Working closely with customers all over the world, D2L is on a mission to make learning more inspiring, engaging and human. Find out how D2L helps transform lives and delivers outstanding learning outcomes in K-12, higher education and businesses.
D2L Media Contact
PR@D2L.com
X: @D2L
© 2026 D2L Corporation.
The D2L family of companies includes D2L Inc., D2L Corporation, D2L Ltd, D2L Australia Pty Ltd, D2L Europe Ltd, D2L Asia Pte Ltd, D2L India Pvt Ltd, D2L Brasil Soluções de Tecnologia para Educação Ltda and D2L Sistemas de Aprendizaje Innovadores, S. D2 R.L de C.V., and H5P Group AS.
All D2L and H5P marks are owned by the D2L group of companies. Please visit D2L.com/trademarks for a list of D2L marks. All other trademarks are the property of their respective owners.
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13, Aug 2026
IBM Partners with OpenAI to Accelerate Secure AI Deployment for Enterprises Across Core Operations
- Joint go-to-market partnership embeds OpenAI frontier models like GPT-5.6 and other products into IBM Consulting’s AI delivery platform and assets to help organizations modernize applications and strengthen security
- Specialized IBM forward-deployed units trained through the OpenAI Partner Network will help organizations convert legacy workflows into AI-ready operations
- IBM launches a dedicated OpenAI Practice with thousands of consultants and engineers trained on advanced OpenAI Partner Network certifications
ARMONK, N.Y., Aug. 13, 2026 /PRNewswire/ — IBM (NYSE: IBM) today announced a strategic partnership with OpenAI to help enterprises deliver business outcomes by deploying AI at scale across core business operations and complex workflows, while strengthening cyber defense and resilience through programs like OpenAI Daybreak. The partnership includes joint-go-to market initiatives and creating industry-specific solutions for financial services, government, telecommunications, and retail, as well as key enterprise domains such as finance, procurement, customer operations, and HR.
The partnership embeds OpenAI frontier models like GPT-5.6 and products like Codex and ChatGPT Work into IBM Consulting Advantage, IBM’s AI platform for delivering consulting services to clients, combining AI agents, industry assets, and cybersecurity capabilities to help organizations securely deploy AI at scale, drive business outcomes, and create new commercial models.
IBM will bring forward-deployed units of highly specialized engineers and consultants trained through the OpenAI Partner Network to work directly with clients to accelerate AI implementation across complex business workflows and highly regulated environments. IBM will also launch a dedicated OpenAI Practice, with thousands of consultants and engineers obtaining expert-level certifications under the OpenAI Partner Network.
Together, IBM and OpenAI aim to help organizations tackle one of the biggest barriers to scaling AI – turning decades of fragmented processes, legacy systems, and operational complexity into AI-driven operations that can be deployed even more safely and securely.
The partnership will focus on three key areas:
- Transforming legacy operations into AI-ready workflows
IBM will embed OpenAI frontier models like GPT-5.6 and products like Codex and ChatGPT Work into IBM Consulting Advantage, to help organizations integrate AI into daily processes with business context and redesign workflows across finance, procurement, customer operations, and HR. The capabilities within IBM Consulting Advantage can analyze operating procedures and workflows to identify inefficiencies and help teams automate and streamline work using AI.
- Application modernization and product development
The companies plan to help clients modernize legacy applications and accelerate software development by bringing together OpenAI Codex and ChatGPT Work with IBM’s industry, technology and domain expertise, including integration with IBM Consulting Advantage. The collaboration is designed to help organizations simplify engineering processes and speed the delivery of new digital products and services.
- Cybersecurity and AI risk management
IBM and OpenAI will expand their collaboration on cybersecurity following IBM’s participation in the OpenAI Daybreak Cyber Partner Program by combining OpenAI frontier AI capabilities with IBM Autonomous Security — a multi-agent-powered service designed to deliver coordinated decision-making, response, and intelligence at machine speed. As AI-powered attacks grow more sophisticated, the partnership will help clients manage both cyber and AI model risk, including application-layer vulnerabilities, governance gaps, and operational risks that limits AI adoption.
“While enterprises are rapidly investing in AI, they are looking for practical ways to apply it across their core operations to deliver measurable business outcomes and create new commercial models,” said Andy Baldwin, Global Senior Vice President, IBM Consulting. “The challenge is not access to AI technologies — it’s integrating AI securely and at scale into complex enterprise environments and workflows. By embedding OpenAI’s technology with IBM Consulting’s AI assets, industry solutions, and cybersecurity capabilities, we can help clients accelerate secure, AI deployments at scale.”
“The organizations pulling ahead with AI are the ones turning it into a trusted part of how their business operates,” said Denise Dresser, Chief Revenue Officer at OpenAI. “IBM Consulting and OpenAI are helping organizations make that shift, combining deep transformation expertise to deploy AI that is secure, operational, and aligned with real business priorities.”
As part of the collaboration, IBM will join OpenAI’s Elite partner tier, reflecting the companies’ shared focus on delivering secure, enterprise-ready AI at scale.
Statements regarding IBM’s and OpenAI’s future direction and intent are subject to change or withdrawal without notice, and represent goals and objectives only.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
Media Contact
Elizabeth.Brophy
elizabeth.brophy@ibm.com
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13, Aug 2026
MENA Fintech Association Appoints Heriot-Watt Economist with Two Decades of Global Development Experience as Sustainable Fintech Co Chair
Appointment brings two decades of macroeconomic and sustainable development expertise from leading global institutions to the Working Group’s leadership
Aug 13 – DUBAI, UNITED ARAB EMIRATES — The MENA Fintech Association (MFTA) today announced the appointment of Dr Jelena Janjusevic as Co Chair of its Sustainable Fintech Working Group. The appointment reflects MFTA’s continued commitment to advancing sustainable finance and responsible innovation across the fintech ecosystem, and to deepening ties between academia, policy and industry.
As Co Chair, Dr Janjusevic will help guide the Working Group’s strategic direction, drawing on her extensive background in macroeconomics and sustainable development to support initiatives that advance the alignment of fintech innovation with sustainability and inclusive growth objectives across MFTA’s network.
About Dr Jelena Janjusevic
Dr Jelena Janjusevic is Deputy Global Head of Accountancy, Economics & Finance at Edinburgh Business School, Heriot-Watt University Dubai. With more than 20 years of experience, she has worked with governments and institutions including the World Bank, the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD) and the United Nations Development Programme (UNDP), with a focus on macroeconomics and sustainable development.
About the Sustainable Fintech Working Group
The Sustainable Fintech Working Group is an initiative of the MENA Fintech Association dedicated to advancing the integration of sustainability principles across financial technology, connecting innovators, financial institutions, academic partners and policymakers to drive responsible and inclusive growth in the sector.
About the MENA Fintech Association
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13, Aug 2026
Panghat Launches Delhi Flagship in Pitampura, Marking Its Fifth Store in India
Delhi, Aug 13: Panghat, the Kolkata-born ethnic wear brand renowned for its bridal and festive couture, announced the launch of its Delhi flagship store in Pitampura. Spanning 15,000 square feet across G+4 floors, the store marks Panghat‘s fifth retail outpost in India and its most ambitious space yet, bringing the brand’s heritage of craftsmanship to one of the country’s most prominent hubs for premium Indian wear.
The five-floor flagship has been designed to offer a dedicated shopping experience for every stage of the wedding journey from trousseau and occasion wear to bridal couture, groom’s wear, and an extensive saree gallery. Wedding wear remains the centerpiece of the store‘s offering, alongside curated selections in festive apparel and menswear. Select pieces have been created exclusively for the Pitampura store, including a range of high-couture sarees and designs unavailable at any other Panghat location. The store also offers a full suite of customer services, including size and colour customisation, bridal consultation and personal styling all part of Panghat‘s effort to bring a personalised, couture-level experience to every customer.
The Pitampura flagship has been designed by architect Mukesh Bhatia of SSB Architect. Every space within the store has been conceived to reflect Indian heritage with a subtle touch of modernity, a philosophy that extends from the store‘s architecture to its curated collections and overall customer experience.
Speaking on the significance of the new store, a Panghat spokesperson Anand Saraf Director & Brand Owner
“Over the years, Delhi has established itself as one of India‘s leading destinations for ethnic fashion, so opening a store here was always part of our vision. Having worked in the past with several brands in Delhi through our white-label business, we understood the market well, and Pitampura with its reputation as a prominent destination for premium Indian wear felt like the perfect location for our flagship store.” The store is aimed at customers seeking wedding and festive wear that celebrates authentic craftsmanship, hand embroidery and the rich design heritage of Kolkata.”
Founded in Kolkata in the early 1990s, Panghat set out to celebrate the richness of Indian craftsmanship and create clothing that would be cherished for years. For many years, the brand operated behind the scenes, manufacturing and white-labelling for several ethnic wear brands and designers across India years that shaped the standards Panghat has since brought to its own retail journey. Panghat entered retail in 2018 with the launch of its first store in Kolkata, followed by Jaipur, a second Kolkata store, Surat, and now its Delhi flagship in 2026. The brand works with some of India‘s finest weaving and embroidery traditions, including Kanjivaram, Banarasi, Patola and Bandhani weaves, alongside handcrafted techniques such as Zardozi, French Knot and Lucknowi embroidery.
On the milestone, the founder said:
“Kolkata has always been at the heart of our journey. We’ve spent decades working closely with skilled artisans and karigars whose craftsmanship has shaped the identity of Panghat. With our Delhi flagship, we’re excited to bring that same authenticity, heritage and attention to detail to a city that truly appreciates Indian ethnic wear.”
To celebrate the launch, Panghat hosted Panghat Darbar that evening, an event that brought together members of the media, creators, celebrities, and patrons of Indian fashion to mark the brand’s expanded presence in Delhi and celebrate the enduring beauty of India‘s textile and craft traditions.
Founded in Kolkata in the early 1990s, Panghat is an Indian ethnic wear brand celebrating the richness of India‘s textile heritage and craftsmanship. Known for its bridal, festive, and occasion wear, Panghat‘s collections span bridal lehengas, trousseau ensembles, bridesmaid wear, festive apparel, sarees, and menswear, crafted using traditional weaves and embroidery techniques from across India. Panghat operated stores in Kolkata, Jaipur, Surat, and Delhi.
