6, Nov 2026
Prozone Realty Limited Reports Q2 FY27 Financial Results; Landmark Divestment of Retail Malls Completed, Delivering Exceptional Net Profit of ₹55,581.54 Lakhs
- Asset Monetization: Successfully completed the strategic divestment of retail mall subsidiaries to Inorbit Malls (India) Pvt. Ltd., driving an exceptional gain on discontinued operations of ₹61,514.49 Lakhs.
- Strong Bottom-Line Growth: Q2 FY27 Consolidated Net Profit surged to ₹55,581.54 Lakhs, compared to ₹341.92 Lakhs in the corresponding quarter of the previous year.
- Significant EPS Expansion: Earnings Per Share (EPS) for the quarter (combining continuing and discontinued operations) grew to ₹36.43 per share, compared to ₹0.10 in Q2 FY26.
- Core Operational Momentum: Continuing operations revenue from Outright Sales stood at ₹1,663.55 Lakhs for the quarter, reflecting steady real estate execution.
- Balance Sheet Transformation: Substantial capital inflows significantly strengthen liquidity and net-worth, positioning the company to rapidly scale its high-margin residential and mixed-use pipelines.
MUMBAI, India, Nov. 6, 2026 /PRNewswire/ — Prozone Realty Limited (BSE: 534675) (NSE: PROZONER), one of India’s leading regional shopping centre and residential real estate developers, today announced its un-audited consolidated financial results for the second quarter and half-year ended September 30, 2026 (Q2 FY27).
The quarter marks a historic milestone in the company’s corporate trajectory, highlighted by the successful financial accounting and closure of the strategic retail mall divestment, which has fundamentally transformed the company’s capital structure and balance sheet strength.
Key Financial Highlights (Q2 FY27 vs. Q2 FY26)
- Revenue from Operations (Outright Sales – Continuing Operations): Recorded at ₹1,663.55 Lakhs for Q2 FY27, compared to ₹1,553.75 Lakhs in Q2 FY26. Total income for the quarter reached ₹2,051.12 Lakhs.
- Discontinued Operations & Exceptional Gain: Following the shareholder-approved transfer of mall operations to Inorbit Malls, the exceptional gain on the divestment of discontinued operations stood at ₹61,514.49 Lakhs. Net profit after tax from discontinued operations for the quarter was reported at ₹56,909.76 Lakhs.
- Consolidated Net Profit: Driven by the monumental asset realization, the company’s total Net Profit for Q2 FY27 scaled exponentially to ₹55,581.54 Lakhs, compared to ₹341.92 Lakhs in Q2 FY26.
- Earnings Per Share (EPS): Basic and Diluted EPS for the quarter (combining continuing and discontinued operations) soared to ₹36.43 per share (face value of ₹2/- each), as against ₹0.10 in the corresponding previous quarter.
Management Commentary
Commenting on the landmark financial results and strategic progress, Mr. Nikhil Chaturvedi, Managing Director, Prozone Realty Limited, stated:
“Q2 FY27 represents a watershed moment in Prozone Realty’s corporate evolution. The successful realization of our retail asset monetization strategy through the transaction with Inorbit Malls has yielded an exceptional gain of over ₹61,500 lakhs, radically expanding our net worth and liquidity reserves.
This transaction accomplishes our core objective: unlocking deep embedded value from our mature commercial assets and establishing a fortress balance sheet. With virtually zero debt constraints holding back our growth, we are aggressively redeploying capital toward scaling up our high-margin residential projects and maximizing returns from our strategically retained land banks. We remain deeply committed to generating enduring, long-term value for all our stakeholders.”
Strategic Outlook & Capital Allocation
- Residential & Mixed-Use Scaling: Capitalizing on the surplus cash flow to accelerate execution velocity across active residential developments.
- Asset-Light Expansion: Leveraging JV/JD models on valuable land parcels retained during restructuring to optimize return on capital employed (ROCE).
- Enhanced Financial Flexibility: Sharp reduction in net finance overheads, clearing a clear path for sustainable, high-velocity earnings growth in coming quarters.
About Prozone Realty Limited
Prozone Realty Limited (formerly Prozone Intu Properties Limited) is a premier publicly listed real estate developer focused on designing, developing, and managing world-class retail shopping centers, commercial hubs, and large-scale residential townships across high-growth Indian urban centers.
- BSE Scrip Code: 534675
- NSE Symbol: PROZONER
- ISIN: INE195N01013
Website: www.prozonerealty.com
Disclaimer: Forward-looking statements included in this release are based on current expectations and assumptions. Actual results may differ materially due to economic shifts, regulatory changes, and market conditions.
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6, Nov 2026
Global solidarity delivers major boost to Education Cannot Wait as “Hope Starts Here” campaign approaches its US$600 million goal
Governments announce US$ 405.8 million in new pledges at Geneva replenishment conference, bringing ECW to 90% of its funding target and opening new pathways for innovative partnerships to support education for crisis-affected children.
GENEVA, Nov. 6, 2026 /PRNewswire/ — Governments and partners rallied behind the world’s most vulnerable children today, announcing US$405.8 million in new pledges to Education Cannot Wait (ECW) at its High-Level Replenishment Conference, hosted by Switzerland in Geneva. Together with US$135.8 million in financial resources already secured through previous multi-year donor commitments, these pledges bring ECW’s Hope Starts Here campaign total to US$541.6 million, reaching 90% of its US$600 million target.
ECW expressed its deep gratitude to all governments and partners that stepped forward with financial commitments, reaffirming their solidarity with children affected by conflict, displacement and climate-related disasters at a time of growing humanitarian needs and shrinking international aid budgets.
Germany, the United Kingdom, Norway, Canada, Switzerland, Ireland, EU, and Japan were among the governments whose commitments demonstrated continued international leadership and confidence in ECW’s mission. Their collective support sends a powerful message: even in difficult times, the world cannot afford to turn its back on children’s education.
The conference marked a defining moment in ECW’s tenth anniversary year, renewing the commitment made when the Fund was established in 2016: that children living through crises must not be left behind.
Sigrid Kaag, Chair of ECW’s High-Level Steering Group, said: “Education is a fundamental human right, even in times of conflict, displacement and disaster. Today’s commitments are a powerful demonstration of international solidarity and a renewal of the promise we made ten years ago: that children caught in crises will not be left behind. That promise must now be translated into action.”
Switzerland’s leadership in hosting the conference reinforced the importance of collective responsibility and sustained international cooperation to protect children’s right to education.
Ambassador Dominik Stillhart, Co-Chair of ECW’s Executive Committee, said: “For more than a century, Geneva has been where the world comes together to address its toughest challenges, and one lesson stands out: education cannot be treated as an exception when crises strike. That is why Switzerland hosted this conference and pledged CHF 35 million to Education Cannot Wait for 2027 to 2030. But no country can do this alone. We need governments and partners to step up. Today, our partners chose to keep that promise funded.”
Since its establishment, ECW and its partners have reached more than 16 million children in crisis-affected countries. Yet the scale of the challenge continues to grow, with an estimated 258 million school-aged children and adolescents affected by crises worldwide.
The commitments announced in Geneva provide a strong foundation for ECW’s 2027–2030 Strategic Plan, which aims to reach 10 million children, half of them girls and including one million children with disabilities. The new strategy will strengthen ECW’s ability to respond rapidly to emergencies while providing more sustained support in protracted crises, investing in quality learning, protection, inclusion and the resilience of national education systems.
The conference also signalled growing momentum to explore new approaches to financing education in emergencies. Partnership offers and initiatives involving Porticus, the International Finance Facility for Education (IFFEd), the Education Bridging Fund (EBF) and Swiss cantonal banks highlighted opportunities to complement traditional donor contributions by mobilizing development finance and private capital.
Discussions involving Enosis Capital, BNP Paribas and MetLife Investment Management also explored the potential of an education continuity outcome bond, currently under development, to mobilize investment for children affected by crises. These initiatives, at different stages of development and subject to further design and institutional approvals, could help ECW diversify its financing base and unlock additional resources in the years ahead.
Beyond financing, high-level discussions brought together governments and partners from crisis-affected countries to demonstrate the importance of national leadership, including the integration of refugee and displaced children into national education systems and the need for more predictable financing that connects humanitarian response with longer-term recovery.
For ECW, the Geneva conference represents a major milestone, but not the conclusion of the Hope Starts Here campaign. Building on the confidence and commitments demonstrated by partners, the Fund will now focus on translating this momentum into results for children.
Maysa Jalbout, Director of Education Cannot Wait, said: “Today, our partners have given us more than financial commitments. They have placed their confidence in ECW and entrusted us with an enormous responsibility. We are deeply grateful. But the true measure of today’s success will not be how much we have raised. It will be the difference we make in children’s lives. Our work starts now.”
Looking ahead, ECW will focus on three priorities at the heart of its next strategic period.
First, ensuring that children are learning. Access to education remains essential, but it is not enough. ECW will place greater emphasis on quality learning, alongside children’s safety, mental health and well-being, ensuring that investments deliver meaningful and measurable results.
Second, strengthening national and local leadership. ECW will work to bring decisions and resources closer to communities affected by crises, advancing its ambition to channel at least 50% of programme financing through national and local partners by 2030.
Third, broadening the coalition that finances education in emergencies. Government contributions will remain the backbone of ECW’s work, complemented by stronger partnerships with philanthropy, businesses, development banks and investors to mobilize additional and more predictable financing.
With the replenishment target now within reach, ECW will continue engaging existing and prospective partners to close the remaining funding gap and build on the momentum generated in Geneva.
Ten years after its creation, ECW enters its next chapter with renewed confidence, an ambitious strategy and a strengthened coalition of partners united by a common commitment: no child should have to wait for a crisis to end before they can learn.
Notes to Editors
About Education Cannot Wait:
Education Cannot Wait (ECW) is the global fund for education in crises. The Fund provides rapid, flexible funding to locally-led education responses that protect learning for refugee, internally displaced and other children, while strengthening systems to sustain learning and resilience in fragile and conflict-affected contexts. ECW works with governments, public and private funders, UN agencies, civil society organisations, and other humanitarian and development aid actors so that no child is left behind.
As global crises intensify and the education financing gap widens, ECW calls on public and private sector partners to scale up investments so millions more crisis-affected girls and boys can learn and rebuild their futures.
Additional information available at: www.educationcannotwait.org
For press inquiries:
Rafik Elouerchefani: ecwcomms@un-ecw.org
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6, Nov 2026
India Ranks 11th in Major AI Study – with Commonwealth’s Second-Largest Potential GDP Gain of US$79 Billion and Youth Jobs Opportunity
Nov 06: India has ranked 11th out of 56 Commonwealth countries in a major new study of youth AI readiness, which identifies a potential US$79 billion boost to its economy after ten years – the second-largest economic opportunity of any country in the Commonwealth.
The Ayre Index, launched at the Commonwealth Heads of Government Meeting in Antigua and Barbuda, scores India 60.6 out of 100, well above the study’s readiness benchmark of 53. Only 15 Commonwealth countries meet or exceed that threshold, while 41 fall below it.
India’s position carries particular significance because of its scale. The study estimates that approximately 382 million Indians are aged 15 to 29, more than half of the 732 million young people across the Commonwealth.
Research by the Ayre Think Tank, founded by Antiguan-Canadian philanthropist Calvin Ayre, also reveals considerable enthusiasm for AI among young Indians. In a survey examined by researchers, 88.8% expected to use the technology for education or work within the following year, while 60.1% expressed confidence in their ability to control their interactions with it.
India also has substantial digital infrastructure, including widespread 4G coverage and comparatively inexpensive mobile data under the Index’s selected measures. Yet only 66.5% of young people were found to own a mobile phone, showing how national coverage does not necessarily mean that every young person has the device or reliable access needed to participate.
The largest challenge may lie in translating technological potential into livelihoods. The research records 30.4% of young people outside employment, education or training, while 85.8% of young workers were in informal employment.
The possible economic benefits are considerable. Applying scenarios developed by the International Monetary Fund to India’s economy, the researchers calculate that AI could increase the level of the country’s GDP by US$79.121 billion after ten years under their moderate scenario. The conservative illustration is US$39.561 billion, rising to US$118.682 billion under the optimistic case.
Calvin Ayre, founder of the Ayre Think Tank, said: “I’ve spent my life in businesses where new technology changes everything, and I know you can’t stand still. AI is going to change how we work, how we do business and how wealth is created. But this is not a race that only the biggest or richest countries can win. What matters is giving young people the skills and the chance to get ahead – whether to start businesses, find jobs or build something for themselves. Some Commonwealth countries are ahead, others have catching up to do. Nobody can afford to be complacent. That’s why we created this Index. It shows countries where they stand, what they’re getting right and where they need to do better. Governments now have to decide what they’re going to do about it.”
India is already taking major steps to turn its technological strengths into employment opportunities. In August 2026, Prime Minister Narendra Modi announced plans to train ten million young people in AI skills within a year. The following month, the government launched new AI training programmes with Intel India to equip young people with practical skills for the emerging jobs market. These initiatives demonstrate how India is working to turn its enormous enthusiasm for AI into new employment opportunities, stronger businesses and economic growth.
The White Paper identifies five priorities: affordable and reliable access to technology; education that develops practical skills; stronger routes from training into employment and enterprise; AI tools suited to local languages and needs; and safeguards that enable young people to question automated decisions.
It calls on governments, educators and development partners to examine the particular barriers young people face in each country before deciding where investment could make the greatest difference.
Professor C. Justin Robinson, Pro Vice-Chancellor and Campus Principal of the University of the West Indies, Five Islands Campus, said: “We need to make sure that the next generation will be able to do more than just consume AI products made elsewhere. Access must come with its own agency and a real equitable stake in how these systems are governed. Young people should be equipped to question these new tools, to improve them and to be supported in building alternatives suited to their own needs. Whether that happens, however, will depend on choices made now. This index gives us a clearer view of where those choices are most urgent. We should use it.”
6, Nov 2026
From 13 stores to 37 in 18 months: Aukera, The Solitaire Expert, opens in Anna Nagar, Chennai and Indiranagar, Bengaluru
Aukera, India’s leading lab grown diamond jewellery, expands retail presence with 37 stores across India with its newest launches in Bengaluru’s Indiranagar and Chennai’s Anna Nagar — two key regional markets.
CHENNAI and BANGALORE, India, Nov. 6, 2026 /PRNewswire/ — Aukera, India’s leading lab grown diamond jewellery brand and The Solitaire Expert, today announced the opening of two new stores: its 36th store in India at Anna Nagar, Chennai, the brand’s second in the city, and its 37th at 100 Feet Road, Indiranagar, Bengaluru, its twelfth in its home city. The two openings take Aukera from 13 stores in June 2025 to 37 today, the fastest growth in the brand’s history and among the fastest in India’s lab grown diamond jewellery segment.
In those 18 months Aukera entered Chennai, Pune, Visakhapatnam, Lucknow and Dehradun and grew to eight cities, every store company-owned. The expansion is backed by a US$15 million Series B led by Peak XV Partners in 2025 and ₹90 crore raised in July 2026, led by existing investor Alteria Capital.
The Anna Nagar store, at Alsa Arcade on 2nd Avenue, follows the brand’s entry into Tamil Nadu at Velachery in July. The Indiranagar store brings Aukera to Bengaluru’s best-known high street and gives the city twelve stores to choose from. At the heart of Aukera is a simple belief, to present women with a choice to reject compromise and both stores carry the full range, from solitaire and engagement rings, cocktail rings and bands to earrings, necklaces, bracelets, mangalsutras and pendants, with the signature solitaires on display and a complimentary Diamond Spa and at-home trial from each store.
Speaking on the openings, Lisa Mukhedkar, Co-Founder and CEO, Aukera, said, “A solitaire is chosen with the eyes. Our customers want to see how a diamond performs in light, compare two of the same carat side by side and ask every question before they decide, which is why we open stores where women already shop. Anna Nagar and Indiranagar are two of the most design-conscious neighbourhoods in the South, and we are glad to be part of both.”
Every Aukera diamond carries an IGI report, and the brand’s signature solitaires add a GemEx or GCAL 8X light performance grading, which measures the brilliance, fire and scintillation a diamond returns to the eye. Aukera is the only jewellery brand in India to present GemEx certification and the only lab grown diamond brand in India with GCAL 8X. Its seven trademarked signature solitaires, including The Aukera Orchid™, Extra Brilliant™, Enhanced Hearts & Arrows™ and the Ashtalakshmi Solitaire™, are found nowhere else, and every piece is backed by Buy-Back and Exchange.
Commenting on the milestone, Kumar Saurabh, Co-Founder, Aukera, said, “Thirty-seven stores in three years tells us the modern Indian buyer wants certified quality, distinctive design and complete transparency, and will walk into a store that offers all three. We are growing into a national brand without diluting what sets Aukera apart, and the next phase of growth is already under way.”
About Aukera
Aukera is The Solitaire Expert, a leading brand of precious jewellery crafted with grown diamonds. Aukera means ‘choice’ in Basque, and its purpose is precisely that: to offer women the choice not to compromise, especially on their diamond jewellery. Leading the disruption of India’s precious jewellery segment, Aukera offers diamond jewellery in a unique range of designs, crafted with diamonds of the highest grade, at prices that delight. Every diamond is IGI certified, signature solitaires carry GemEx or GCAL 8X grading, and every piece is backed by Buy-Back and Exchange. Aukera is present across 37 stores in Bengaluru, Hyderabad, Chennai, Delhi NCR, Pune, Visakhapatnam, Lucknow and Dehradun, and online at www.aukerajewellery.com.
For more information, write to contact@aukerajewellery.com
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6, Nov 2026
From 13 stores to 37 in 18 months: Aukera, The Solitaire Expert, opens in Anna Nagar, Chennai and Indiranagar, Bengaluru
Aukera, India’s leading lab grown diamond jewellery, expands retail presence with 37 stores across India with its newest launches in Bengaluru’s Indiranagar and Chennai’s Anna Nagar — two key regional markets.
CHENNAI and BANGALORE, India, Nov. 6, 2026 /PRNewswire/ — Aukera, India’s leading lab grown diamond jewellery brand and The Solitaire Expert, today announced the opening of two new stores: its 36th store in India at Anna Nagar, Chennai, the brand’s second in the city, and its 37th at 100 Feet Road, Indiranagar, Bengaluru, its twelfth in its home city. The two openings take Aukera from 13 stores in June 2025 to 37 today, the fastest growth in the brand’s history and among the fastest in India’s lab grown diamond jewellery segment.
In those 18 months Aukera entered Chennai, Pune, Visakhapatnam, Lucknow and Dehradun and grew to eight cities, every store company-owned. The expansion is backed by a US$15 million Series B led by Peak XV Partners in 2025 and ₹90 crore raised in July 2026, led by existing investor Alteria Capital.
The Anna Nagar store, at Alsa Arcade on 2nd Avenue, follows the brand’s entry into Tamil Nadu at Velachery in July. The Indiranagar store brings Aukera to Bengaluru’s best-known high street and gives the city twelve stores to choose from. At the heart of Aukera is a simple belief, to present women with a choice to reject compromise and both stores carry the full range, from solitaire and engagement rings, cocktail rings and bands to earrings, necklaces, bracelets, mangalsutras and pendants, with the signature solitaires on display and a complimentary Diamond Spa and at-home trial from each store.
Speaking on the openings, Lisa Mukhedkar, Co-Founder and CEO, Aukera, said, “A solitaire is chosen with the eyes. Our customers want to see how a diamond performs in light, compare two of the same carat side by side and ask every question before they decide, which is why we open stores where women already shop. Anna Nagar and Indiranagar are two of the most design-conscious neighbourhoods in the South, and we are glad to be part of both.”
Every Aukera diamond carries an IGI report, and the brand’s signature solitaires add a GemEx or GCAL 8X light performance grading, which measures the brilliance, fire and scintillation a diamond returns to the eye. Aukera is the only jewellery brand in India to present GemEx certification and the only lab grown diamond brand in India with GCAL 8X. Its seven trademarked signature solitaires, including The Aukera Orchid™, Extra Brilliant™, Enhanced Hearts & Arrows™ and the Ashtalakshmi Solitaire™, are found nowhere else, and every piece is backed by Buy-Back and Exchange.
Commenting on the milestone, Kumar Saurabh, Co-Founder, Aukera, said, “Thirty-seven stores in three years tells us the modern Indian buyer wants certified quality, distinctive design and complete transparency, and will walk into a store that offers all three. We are growing into a national brand without diluting what sets Aukera apart, and the next phase of growth is already under way.”
About Aukera
Aukera is The Solitaire Expert, a leading brand of precious jewellery crafted with grown diamonds. Aukera means ‘choice’ in Basque, and its purpose is precisely that: to offer women the choice not to compromise, especially on their diamond jewellery. Leading the disruption of India’s precious jewellery segment, Aukera offers diamond jewellery in a unique range of designs, crafted with diamonds of the highest grade, at prices that delight. Every diamond is IGI certified, signature solitaires carry GemEx or GCAL 8X grading, and every piece is backed by Buy-Back and Exchange. Aukera is present across 37 stores in Bengaluru, Hyderabad, Chennai, Delhi NCR, Pune, Visakhapatnam, Lucknow and Dehradun, and online at www.aukerajewellery.com.
For more information, write to contact@aukerajewellery.com
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6, Nov 2026
Goa’s Iconic Gaming Destination Makes History with a Record that United the World
Big Daddy earns global recognition in the Golden Book of World Records for bringing together the most nationalities in a simultaneous gaming experience.
PANAJI, India, Nov. 6, 2026 /PRNewswire/ — In a remarkable achievement that puts India on the global record map, Big Daddy has secured a place in the prestigious Golden Book of World Records for ‘Most Nationalities Playing Roulette Simultaneously’. The extraordinary feat brought together participants representing different nationalities, creating a historic moment that celebrated global unity, diversity and togetherness.
The record-breaking achievement witnessed people from across the world come together for one shared experience, transcending geographical boundaries and cultural differences. What made the occasion truly special was not just the scale of participation, but the coming together of diverse nationalities under one roof, united by a single extraordinary moment.
Located in Goa, Big Daddy is recognised as a distinguished gaming and entertainment destination, offering an exceptional blend of world-class experiences, hospitality and vibrant entertainment. Welcoming guests from across India and around the world, the destination continues to create memorable experiences while putting Goa on the international entertainment map.
This recognition in the Golden Book of World Records marks a significant milestone, reflecting Big Daddy’s growing international presence and its ability to bring people together through experiences that go beyond borders.
The achievement is not just a moment of celebration for Big Daddy, but also a proud moment for Goa and India. As the nation continues to make its mark on the global stage, this international recognition adds another remarkable milestone to India’s growing list of achievements.
Different nations. One world. One extraordinary record. A moment of pride for India.
About Big Daddy Casino
Big Daddy Casino, India’s largest and most luxurious offshore gaming and entertainment destination, redefines high-end leisure on the Mandovi River in Goa. Combining world-class gaming floors, fine dining, live entertainment, and impeccable hospitality, Big Daddy Casino delivers a distinctive fusion of thrill, glamour, and sophistication. With its vibrant ambience and commitment to excellence, the brand continues to set new standards in India’s entertainment and lifestyle space.
Contact
Big Daddy Casino
89998 89998
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6, Nov 2026
From 13 stores to 37 in 18 months: Aukera, The Solitaire Expert, opens in Anna Nagar, Chennai and Indiranagar, Bengaluru
Aukera, India’s leading lab grown diamond jewellery, expands retail presence with 37 stores across India with its newest launches in Bengaluru’s Indiranagar and Chennai’s Anna Nagar — two key regional markets.
CHENNAI and BANGALORE, India, Nov. 6, 2026 /PRNewswire/ — Aukera, India’s leading lab grown diamond jewellery brand and The Solitaire Expert, today announced the opening of two new stores: its 36th store in India at Anna Nagar, Chennai, the brand’s second in the city, and its 37th at 100 Feet Road, Indiranagar, Bengaluru, its twelfth in its home city. The two openings take Aukera from 13 stores in June 2025 to 37 today, the fastest growth in the brand’s history and among the fastest in India’s lab grown diamond jewellery segment.
In those 18 months Aukera entered Chennai, Pune, Visakhapatnam, Lucknow and Dehradun and grew to eight cities, every store company-owned. The expansion is backed by a US$15 million Series B led by Peak XV Partners in 2025 and ₹90 crore raised in July 2026, led by existing investor Alteria Capital.
The Anna Nagar store, at Alsa Arcade on 2nd Avenue, follows the brand’s entry into Tamil Nadu at Velachery in July. The Indiranagar store brings Aukera to Bengaluru’s best-known high street and gives the city twelve stores to choose from. At the heart of Aukera is a simple belief, to present women with a choice to reject compromise and both stores carry the full range, from solitaire and engagement rings, cocktail rings and bands to earrings, necklaces, bracelets, mangalsutras and pendants, with the signature solitaires on display and a complimentary Diamond Spa and at-home trial from each store.
Speaking on the openings, Lisa Mukhedkar, Co-Founder and CEO, Aukera, said, “A solitaire is chosen with the eyes. Our customers want to see how a diamond performs in light, compare two of the same carat side by side and ask every question before they decide, which is why we open stores where women already shop. Anna Nagar and Indiranagar are two of the most design-conscious neighbourhoods in the South, and we are glad to be part of both.”
Every Aukera diamond carries an IGI report, and the brand’s signature solitaires add a GemEx or GCAL 8X light performance grading, which measures the brilliance, fire and scintillation a diamond returns to the eye. Aukera is the only jewellery brand in India to present GemEx certification and the only lab grown diamond brand in India with GCAL 8X. Its seven trademarked signature solitaires, including The Aukera Orchid™, Extra Brilliant™, Enhanced Hearts & Arrows™ and the Ashtalakshmi Solitaire™, are found nowhere else, and every piece is backed by Buy-Back and Exchange.
Commenting on the milestone, Kumar Saurabh, Co-Founder, Aukera, said, “Thirty-seven stores in three years tells us the modern Indian buyer wants certified quality, distinctive design and complete transparency, and will walk into a store that offers all three. We are growing into a national brand without diluting what sets Aukera apart, and the next phase of growth is already under way.”
About Aukera
Aukera is The Solitaire Expert, a leading brand of precious jewellery crafted with grown diamonds. Aukera means ‘choice’ in Basque, and its purpose is precisely that: to offer women the choice not to compromise, especially on their diamond jewellery. Leading the disruption of India’s precious jewellery segment, Aukera offers diamond jewellery in a unique range of designs, crafted with diamonds of the highest grade, at prices that delight. Every diamond is IGI certified, signature solitaires carry GemEx or GCAL 8X grading, and every piece is backed by Buy-Back and Exchange. Aukera is present across 37 stores in Bengaluru, Hyderabad, Chennai, Delhi NCR, Pune, Visakhapatnam, Lucknow and Dehradun, and online at www.aukerajewellery.com.
For more information, write to contact@aukerajewellery.com
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6, Nov 2026
World Skill Centre Bhubaneswar Earns National Centre of Excellence Recognition
Bhubaneswar, Nov 6 (UDN): The World Skill Centre (WSC), Bhubaneswar, has achieved a significant milestone by securing recognition as a Centre of Excellence-Skills (CoE-Skills) from the Union Ministry of Skill Development and Entrepreneurship (MSDE).
With this recognition, the Odisha-based institution has joined an elite group of 19 institutions empanelled under the national Centre of Excellence framework, strengthening the state’s position in India’s skill development landscape.
The Certificate of Recognition was presented to World Skill Centre CEO Rashmi Ranjan Mohapatra by MSDE Secretary Debashree Mukherjee at a ceremony held at Kaushal Bhawan in New Delhi on November 2, 2026.
The empanelment, granted under the multi-sectoral category, will remain valid for three years, from October 9, 2026, to October 8, 2029. It recognises the institution’s ability to deliver advanced, industry-oriented skill training across multiple sectors.
Established under the Department of Skill Development and Technical Education, Government of Odisha, the World Skill Centre has emerged as an important hub for technology-enabled vocational education and professional training. The institution focuses on practical learning, advanced technical competencies and close collaboration with industry to prepare young people for evolving employment opportunities.
Reacting to the achievement, WSC CEO Rashmi Ranjan Mohapatra described the recognition as an important milestone in the institution’s journey. He expressed confidence that the recognition would further strengthen WSC’s contribution to India’s growing skill development ecosystem.
Under the Centre of Excellence-Skills framework, empanelled institutions are expected to play a wider role in strengthening the country’s vocational training ecosystem. Their responsibilities include specialised skill training, skill assessment, mentorship, career guidance and capacity-building programmes for trainers and assessors.
The national recognition is expected to provide the World Skill Centre with a stronger platform to expand its expertise, promote industry-relevant training and contribute to building a skilled and future-ready workforce.
6, Nov 2026
Multiliquid Treasury Launches 24/7 T-Bill Yield and Instant Settlement for Corporate Cash
Institutions can now earn continuous Treasury yields on idle operating balances with atomic, around-the-clock redemptions.
LOS ANGELES, Nov. 5, 2026 /PRNewswire/ — Multiliquid, the instant settlement layer for tokenized assets, today launched Multiliquid Treasury: an institutional cash management solution enabling corporate treasuries, fintechs, and asset managers to earn short-duration Treasury yields on idle capital, with instant redemption available 24/7.
Traditional corporate cash management forces a hard compromise between yield and velocity. Operating floats held for payroll, vendor obligations, and margin requirements routinely sit idle in non-interest-bearing operational accounts because money market funds can only be redeemed on business days, before strict daily cut-offs, and close completely over weekends and bank holidays.
Multiliquid Treasury eliminates this cash drag by using tokenized assets. Depositors access a formulaic interest rate tied directly to the 3-month U.S. Treasury Bill rate, while retaining the ability to sweep back into cash or stablecoins atomically in a single transaction, at 2:00 AM on a Sunday just as easily as midday Tuesday.
Solving the Weekend Float Problem
For an enterprise holding $25 million in liquid reserves, leaving cash idle costs hundreds of thousands of dollars annually in forgone interest. At an indicative annualized rate of up to 3.5%, that capital could generate up to approximately $875,000 a year in continuous yield without impairing same-day liquidity needs.
“For decades, corporate cash has had to choose between earning a return and being available, because the systems that move money close every evening and every weekend. On-chain settlement removes that constraint. Multiliquid Treasury is what cash management looks like in the new financial system: every idle dollar earns T-Bill yield, and every dollar is back in cash the moment you need it.” — Will Beeson, Founder and CEO, Multiliquid
How it works
- Diversified Money Market Fund Backing: Depositors lend to an SPV whose reserves are programmatically allocated across regulated, blue-chip tokenized government funds—including the WisdomTree Government Money Market Digital Fund (WTGXX) and the Janus Henderson Anemoy Treasury Fund (JTRSY), mitigating single-issuer concentration risk.
- Instant Exits via Dedicated Buffer. A programmatic 5–10% liquidity buffer, reinforced by institutional repo lines, supports atomic instant redemptions under normal market conditions, with no notice periods or redemption windows.
- Unified Onboarding: Replaces fragmented fund-by-fund documentation with a single KYB/KYC verification covering the entire underlying portfolio. U.S. and international accredited institutions can typically onboard within 24 hours.
- API-first. Accessible via institutional APIs and smart contracts for automated treasury sweeps, alongside a no-code dashboard for manual execution.
- Verifiable. Reserves and fund allocations are verifiable on-chain in real time, with core settlement contracts audited by Cantina and Zellic.
Availability
Multiliquid Treasury is live today across Ethereum Mainnet and Solana for eligible accredited and institutional investors. Onboarding at https://www.multiliquid.xyz/tsy-onboarding
Key facts
|
Item |
Detail |
|
Product |
Multiliquid Treasury |
|
Target Function |
Continuous T-Bill yield accrual with instant, 24/7 redemption |
|
Yield Benchmark |
Formulaic rate indexed to 3-month U.S. Treasury Bill yields (indicative APY up to 3.5%) |
|
Underlying |
WisdomTree WTGXX & Janus Henderson JTRSY (AAAf / S1+), buffered by 5–10% liquid cash reserves |
|
Settlement Mechanics |
Single-block atomic settlement (Ethereum Mainnet & Solana); 24/7/365 |
|
Legal Structure |
Depositors are lenders to Uniform Treasury SPV, LLC, a Delaware bankruptcy-remote SPV. |
|
Eligibility |
U.S. and international accredited & institutional investors; zero deposit minimums |
|
Onboarding |
KYC/KYB and accredited investor verification; typically under 24 hours |
|
Security Audits |
Cantina, Zellic |
|
Access Methods |
Developer API, Multiliquid Web Application, SDK, Direct via Smart Contracts |
About Multiliquid
Multiliquid is the instant settlement layer for tokenized assets: a neutral, institutional-grade liquidity layer that enables instant, 24/7 atomic settlement between tokenized assets, stablecoins and tokenized deposits. Treasurers, asset issuers and capital providers use Multiliquid to move between tokenized funds and cash without redemption windows or cut-off times. Learn more at multiliquid.xyz.
Media contact: team@multiliquid.xyz
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6, Nov 2026
Global solidarity delivers major boost to Education Cannot Wait as “Hope Starts Here” campaign approaches its US$600 million goal
Governments announce US$ 405.8 million in new pledges at Geneva replenishment conference, bringing ECW to 90% of its funding target and opening new pathways for innovative partnerships to support education for crisis-affected children.
GENEVA, Nov. 6, 2026 /PRNewswire/ — Governments and partners rallied behind the world’s most vulnerable children today, announcing US$405.8 million in new pledges to Education Cannot Wait (ECW) at its High-Level Replenishment Conference, hosted by Switzerland in Geneva. Together with US$135.8 million in financial resources already secured through previous multi-year donor commitments, these pledges bring ECW’s Hope Starts Here campaign total to US$541.6 million, reaching 90% of its US$600 million target.
ECW expressed its deep gratitude to all governments and partners that stepped forward with financial commitments, reaffirming their solidarity with children affected by conflict, displacement and climate-related disasters at a time of growing humanitarian needs and shrinking international aid budgets.
Germany, the United Kingdom, Norway, Canada, Switzerland, Ireland, EU, and Japan were among the governments whose commitments demonstrated continued international leadership and confidence in ECW’s mission. Their collective support sends a powerful message: even in difficult times, the world cannot afford to turn its back on children’s education.
The conference marked a defining moment in ECW’s tenth anniversary year, renewing the commitment made when the Fund was established in 2016: that children living through crises must not be left behind.
Sigrid Kaag, Chair of ECW’s High-Level Steering Group, said: “Education is a fundamental human right, even in times of conflict, displacement and disaster. Today’s commitments are a powerful demonstration of international solidarity and a renewal of the promise we made ten years ago: that children caught in crises will not be left behind. That promise must now be translated into action.”
Switzerland’s leadership in hosting the conference reinforced the importance of collective responsibility and sustained international cooperation to protect children’s right to education.
Ambassador Dominik Stillhart, Co-Chair of ECW’s Executive Committee, said: “For more than a century, Geneva has been where the world comes together to address its toughest challenges, and one lesson stands out: education cannot be treated as an exception when crises strike. That is why Switzerland hosted this conference and pledged CHF 35 million to Education Cannot Wait for 2027 to 2030. But no country can do this alone. We need governments and partners to step up. Today, our partners chose to keep that promise funded.”
Since its establishment, ECW and its partners have reached more than 16 million children in crisis-affected countries. Yet the scale of the challenge continues to grow, with an estimated 258 million school-aged children and adolescents affected by crises worldwide.
The commitments announced in Geneva provide a strong foundation for ECW’s 2027–2030 Strategic Plan, which aims to reach 10 million children, half of them girls and including one million children with disabilities. The new strategy will strengthen ECW’s ability to respond rapidly to emergencies while providing more sustained support in protracted crises, investing in quality learning, protection, inclusion and the resilience of national education systems.
The conference also signalled growing momentum to explore new approaches to financing education in emergencies. Partnership offers and initiatives involving Porticus, the International Finance Facility for Education (IFFEd), the Education Bridging Fund (EBF) and Swiss cantonal banks highlighted opportunities to complement traditional donor contributions by mobilizing development finance and private capital.
Discussions involving Enosis Capital, BNP Paribas and MetLife Investment Management also explored the potential of an education continuity outcome bond, currently under development, to mobilize investment for children affected by crises. These initiatives, at different stages of development and subject to further design and institutional approvals, could help ECW diversify its financing base and unlock additional resources in the years ahead.
Beyond financing, high-level discussions brought together governments and partners from crisis-affected countries to demonstrate the importance of national leadership, including the integration of refugee and displaced children into national education systems and the need for more predictable financing that connects humanitarian response with longer-term recovery.
For ECW, the Geneva conference represents a major milestone, but not the conclusion of the Hope Starts Here campaign. Building on the confidence and commitments demonstrated by partners, the Fund will now focus on translating this momentum into results for children.
Maysa Jalbout, Director of Education Cannot Wait, said: “Today, our partners have given us more than financial commitments. They have placed their confidence in ECW and entrusted us with an enormous responsibility. We are deeply grateful. But the true measure of today’s success will not be how much we have raised. It will be the difference we make in children’s lives. Our work starts now.”
Looking ahead, ECW will focus on three priorities at the heart of its next strategic period.
First, ensuring that children are learning. Access to education remains essential, but it is not enough. ECW will place greater emphasis on quality learning, alongside children’s safety, mental health and well-being, ensuring that investments deliver meaningful and measurable results.
Second, strengthening national and local leadership. ECW will work to bring decisions and resources closer to communities affected by crises, advancing its ambition to channel at least 50% of programme financing through national and local partners by 2030.
Third, broadening the coalition that finances education in emergencies. Government contributions will remain the backbone of ECW’s work, complemented by stronger partnerships with philanthropy, businesses, development banks and investors to mobilize additional and more predictable financing.
With the replenishment target now within reach, ECW will continue engaging existing and prospective partners to close the remaining funding gap and build on the momentum generated in Geneva.
Ten years after its creation, ECW enters its next chapter with renewed confidence, an ambitious strategy and a strengthened coalition of partners united by a common commitment: no child should have to wait for a crisis to end before they can learn.
Notes to Editors
About Education Cannot Wait:
Education Cannot Wait (ECW) is the global fund for education in crises. The Fund provides rapid, flexible funding to locally-led education responses that protect learning for refugee, internally displaced and other children, while strengthening systems to sustain learning and resilience in fragile and conflict-affected contexts. ECW works with governments, public and private funders, UN agencies, civil society organisations, and other humanitarian and development aid actors so that no child is left behind.
As global crises intensify and the education financing gap widens, ECW calls on public and private sector partners to scale up investments so millions more crisis-affected girls and boys can learn and rebuild their futures.
Additional information available at: www.educationcannotwait.org
For press inquiries:
Rafik Elouerchefani: ecwcomms@un-ecw.org
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