20, Aug 2026
Defense Tech Firm Lyntris Celebrates Recent IPO: NYSE Content Update
NYSE issues a pre-market daily advisory direct from the trading floor.
NEW YORK, Aug. 20, 2026 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins.
Ashley Mastronardi delivers the pre-market update on August 20th
- NYSE Live will provide extensive coverage of Lyntris (NYSE: LYNX) celebration.
- Programming will include coverage of the firm’s remarks and an interview with CEO Brian Morrison.
- Arkaea Media Group CEO Mo Islam will join to dive deeper into Lyntris’ mission and the trends impacting the defense tech industry.
- AI-startup Etched announces $700 million in a new funding round.
- The deal gives Etched a $21 billion valuation, doubling in one month.
- Joshua Rahn, an investor and co-founder of VC firm Oceans, will join to explain why he is confident about Etched’s future.
- President Trump met with cryptocurrency executives on Wednesday.
- The price of bitcoin topped $70,000 for the first time since early June.
- Shares of Global X NYSE 100 components Circle (NYSE: CRCL), Strategy, and BitMine each popped by more than 9% on Wednesday.
Opening Bell
Lyntris (NYSE: LYNX) celebrates its IPO
Closing Bell
M&T Bank (NYSE: MTB) celebrates their Residential Mortgage Servicing Team
For market insights, IPO activity, and today’s opening bell, download the NYSE TV App and check out the NYSE YouTube: TV.NYSE.com and YouTube.com/@NYSEofficial
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- By Sai Krishna
20, Aug 2026
First-Generation Immigrant Brings Bus Manufacturing Back to Michigan After Five Years
Pareto Mobility opens a 50,000-square-foot Plymouth facility to manufacture Step-Free™ low-floor commercial buses
PLYMOUTH, Mich., Aug. 20, 2026 /PRNewswire/ — Pareto Mobility LLC announced the opening of its 50,000-square-foot manufacturing and assembly facility at the Burroughs campus in Plymouth, Michigan. Led by first-generation immigrant and inventor AJ Kumar, the facility brings commercial bus manufacturing back to Michigan five years after Champion Bus ceased operations in the state in 2021.

The facility will manufacture Pareto Mobility’s Step-Free™, America’s first fully flat, low-floor commercial bus, designed to make accessible transportation safer, more convenient, and more affordable for transit agencies, senior-living communities, healthcare providers, and shuttle operators.
“Bringing bus manufacturing back to Michigan will strengthen the state’s manufacturing sector and create jobs,” said AJ, founder and CEO of Pareto Mobility. “We will sell Step-Free vehicles through dealers nationwide and deliver across the United States and Canada. Michigan gave me the opportunity to develop new technologies, create businesses, generate jobs, and manufacture innovative vehicles.”
AJ has invented seven technologies that have been granted U.S. patents, with four additional U.S. patent applications pending. His intellectual-property portfolio covers modular vehicle architecture, wheelchair-accessible transportation systems, vehicle-flooring technologies, and automotive engineering innovations.
The Step-Free™ bus is a unique platform and North America’s first commercial bus designed with a fully flat passenger floor without interior steps or disruptive floor transitions. Its design simplifies boarding for passengers using wheelchairs, walkers, and other mobility devices.
Flexible configurations accommodate seated passengers and up to four wheelchair users. Its low entrance and ramp-based boarding system eliminate the complexity of traditional wheelchair lifts.
“Our goal is to disrupt the commercial bus market by making low-floor accessibility a mainstream feature—not a costly specialty option,” AJ said. “Step-Free gives operators accessibility and flexibility without compromising passenger capacity, convenience, or affordability.”
The Plymouth facility will support engineering, assembly, and production. Pareto Mobility will combine Michigan-based engineering and assembly with American suppliers, creating skilled employment opportunities as production grows.
“Bringing bus manufacturing back to Michigan while introducing technologies such as digital twins and digital manufacturing to the bus industry is my way of contributing to the promise of the American Dream,” AJ said.
About Pareto Mobility LLC
Pareto Mobility LLC is a Michigan-based commercial-vehicle engineering and manufacturing company developing innovative, accessible, and cost-effective transportation solutions.
Media Contact
Dan Daniels
Pareto Mobility LLC
13150 N Haggerty Rd, B3-100, Plymouth, MI 48170
www.paretomobility.com
info@paretoas.com
810-295-1599
https://www.facebook.com/profile.php?id=61583842637737
https://www.instagram.com/step__free/
https://www.linkedin.com/company/paretomobility

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20, Aug 2026
Wizzmoni Partners with Oman Air to Launch AI-Powered Co-Branded ‘Wizz Voyager’ Multi-Currency Travel Card
KOCHI, India, Aug. 20, 2026 /PRNewswire/ — Wizzmoni Financial Services Ltd and Oman Air have partnered to launch the co-branded Wizz Voyager Multi-Currency Card, an AI-powered travel card supporting multiple global currencies. Bringing together Wizzmoni’s fintech capabilities with Oman Air’s international network, the partnership delivers a more seamless travel experience by integrating payments, rewards, and travel benefits into a single platform.
Designed for frequent travelers, students, and professionals, the card supports multiple global currencies while delivering a seamless digital forex experience with real-time tracking and smart financial controls. The partnership supports Oman Air’s broader strategy of extending the customer experience beyond the flight through integrated travel services and value-added retail solutions.
Surya Kuchibotla, Vice President – Retailing, Ancillary & Commerce, Oman Air, explains, “As customer expectations continue to evolve, partnerships such as this allow us to extend the Oman Air experience beyond the airport, creating greater value throughout the entire travel journey. Our partnership with Wizzmoni reflects that vision by combining travel and payments into one seamless experience, giving guests greater flexibility while unlocking meaningful rewards every time they travel. The Wizz Voyager Card complements our wider retail and ancillary strategy, making international travel simpler, more connected, and more rewarding.”
The card transforms everyday spending into travel opportunities, offering customers access to Oman Air flight vouchers, upgrades, and exclusive travel benefits through milestone-based rewards. Customers can also explore Oman Air holidays and ancillary services directly through Wizz Voyager’s digital platforms, creating a unified journey from planning to payments.
“Wizz Voyager Card is built for the new-age global traveller where every swipe unlocks value, and every journey becomes more rewarding. This is a bold step towards creating a truly connected travel and payment ecosystem,” said Amir Nagammy, Founder & Group CEO, Wizz Financial.
“At Wizzmoni, we are committed to elevating every aspect of the customer travel journey. This partnership brings together innovation and experience to deliver greater value, convenience, and memorable moments for international travelers worldwide,” said CA Krishnan R, Director & CEO, Wizzmoni India.
The card will be available across Oman Air counters, Wizzmoni branches, and authorized partners, ensuring easy access and a seamless onboarding experience in a digital onboarding process delivering frictionless experience to customers.
About Oman Air
Oman Air (WY), a member of the oneworld Alliance, began operations in 1993. Initially founded to serve important domestic routes, it has since undergone rapid growth and is today recognised as a major international carrier connecting cities around the world to Oman’s stunning nature, rich heritage and welcoming culture.
The award-winning airline has been instrumental in transforming Muscat into one of the Middle East’s most desirable travel destinations, while supporting adjacent commercial, industrial and tourism activities. With a young and modern fleet including, among others, fuel-efficient Boeing 737 and 787 Dreamliner aircraft, which feature luxuriously appointed interiors, Oman Air is renowned for its exceptional products and services, both in the air and on the ground, and for the signature Omani hospitality it offers to every guest throughout their journey.
About Wizzmoni:
Wizzmoni (formerly Unimoni) is an NBFC and AD-II licensed financial services provider with more than 350 branches across India, offering digital wallet solutions, multi-currency travel cards, foreign exchange, send money abroad services, Gold loan, digital payments, and insurance. Wizzmoni is a flagship brand of Wizz Financial.
About Wizz Voyager Card:
Wizz Voyager is an AI-powered multi-currency prepaid travel card designed for global travelers, including students, professionals, and tourists. Supporting more than 35 currencies, it delivers a seamless digital forex experience through a feature-rich mobile app with real-time tracking and smart financial controls.
Built on Wizz Financial’s proprietary end-to-end issuing and processing platform, Wizz Voyager is among the few fintech offerings globally with complete control over card issuance and management. Issued in partnership with VISA, it combines global acceptance with next-generation agility, while supporting a wide range of currencies, including several that are rarely available in the Indian market.
About Wizz Financial:
Wizz Financial, a regional fintech platform transforming cross-border money movement and digital lending across strategic economic corridors spanning India, the GCC, Southeast Asia, and the United States. Headquartered in the UAE and India, Wizz Financial operates a hybrid neo-banking model that combines a unified digital wallet ecosystem with physical infrastructure to serve customers in both their home and resident jurisdictions through a single platform.
Committed to delivering convenient and reliable financial solutions, Wizzmoni continues to empower customers with seamless financial services. www.wizzvoyager.com | www.wizzfinancial.com | www.wizzmoni.com | 1800 102 0555 | customercare@wizzmoni.com
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20, Aug 2026
Eightco Holdings (NASDAQ: ORBS) Reports Total Holdings of Approximately $389 Million, Includes OpenAI, Beast Industries, More Than 16,000 ETH and Nearly 302 Million WLD Tokens
Eightco repurchased 14 million shares of common stock in the past two weeks under its previously announced $125 million share repurchase program
Eightco treasury composition as of August 19, 2026: $90M OpenAI equity (indirect), $18M Beast Industries equity, 16,278 ETH, nearly 302 million WLD holdings, and $132M cash and equivalents, totaling approximately $389 million
Eightco recently participated in World Foundation’s $52.5M funding round, led by Pantera with participation from Bain Capital Crypto, Selini Capital, Susquehanna Crypto, and additional investors
Eightco provides indirect exposure to some of the most innovative private companies including OpenAI and Beast Industries
EASTON, Pa., Aug. 20, 2026 /PRNewswire/ — Eightco Holdings Inc. (NASDAQ: ORBS) (“Eightco” or the “Company”) today provided an update on its total holdings, highlighting its position across digital assets and strategic investments in leading private technology companies. Eightco also announced that it has repurchased approximately 14 million shares of its common stock under its previously announced $125 million share repurchase program.

As of August 19, 2026, at 6:00 p.m. ET, ORBS’ holdings include a $90 million investment (indirectly, through SPVs) in OpenAI, an $18 million funded investment in Beast Industries, a $1 million investment in Mythical Games, 301,971,219 Worldcoin (WLD) at $0.37 per WLD (per Coinbase), 16,278 Ethereum (ETH), and approximately $132 million in total cash and stablecoins, for total holdings of approximately $389 million.
Top Headlines Driving the News:
Eightco’s management believes the Company’s treasury portfolio holds some of the most critical components for the future AI and digital financial system. This week’s top headlines include:
- OpenAI completed a secondary share sale totaling roughly $7 billion ahead of its anticipated IPO, allowing current and former employees to sell stock at the company’s $852 billion valuation (CNBC).
- On August 4, Cloudflare announced Cloudflare Wallets, the programmable wallet for the agentic internet, giving AI agents a wallet and the ability to transact (Cloudflare).
- On August 10, OpenAI announced that it is expanding its Daybreak Cyber Partner Program to make its most capable cybersecurity models available through trusted cybersecurity companies and service providers. Through Daybreak, partners such as Accenture, IBM, CrowdStrike, Palo Alto Networks, Cisco, Cloudflare, and others can incorporate OpenAI’s models into their existing security products and services (OpenAI).
- On August 18, OpenAI introduced ChatGPT for Teens, designed to help teens learn, think critically, deepen understanding, and use AI with confidence. It is intended to provide stronger built-in safety protections for teens, including features to promote healthy use and additional controls for parents (OpenAI).
“We continue to believe ORBS’ common shares are undervalued to not only intrinsic value, but also the synergistic value of assets held,” said Kevin O’Donnell, Chairman and CEO of Eightco (ORBS). “Our decision to repurchase 14 million shares in the past two weeks reflects the confidence we have in Eightco’s strategy, assets and future. We believe these share repurchases are an efficient and effective use of capital and increase shareholder value.”
Eightco: Exposure to key mega-trends
Eightco is built around three mega-trends the Company expects to shape the next decade of innovation: artificial intelligence, digital identity, and the creator economy, with positions in each trend through indirect investment in OpenAI (23% of ORBS’ treasury holdings), Worldcoin (29%), and Beast Industries (5%).
Artificial Intelligence — OpenAI
Eightco has invested approximately $90 million in special purpose vehicles with exposure to equity interests in the parent company of OpenAI, representing approximately 23% of treasury assets, one of the highest disclosed concentrations of any listed vehicle.
ChatGPT, OpenAI’s consumer app, is the #1 consumer AI app worldwide (Sensor Tower). On July 31, 2026, OpenAI announced that its models now reach more than one billion active users and more than two million businesses. Six months after signing up, people send roughly 50 percent more messages each day and use ChatGPT for about twice as many kinds of work.
Digital Identity — WLD Token
Eightco holds nearly 302 million WLD, approximately 8.4% of circulating supply, the largest publicly disclosed institutional position globally and approximately 29% of the Eightco treasury’s assets.
Worldcoin is the native token of World, a global Proof of Human network built by Tools for Humanity (co-founded by Sam Altman and Alex Blania) and stewarded by the World Foundation. Its Orb devices issue a privacy-preserving World ID that verifies a user is a unique human, not an AI agent.
Under World’s announced business model, applications pay per-verification fees while end-user verification remains free, with both credential issuers and the World protocol monetizing verified-human authentication. World identifies a $6.35 trillion combined addressable revenue opportunity across 13 industries spanning banking, e-commerce, gaming, social media, and agentic AI (per Tools for Humanity).
Creator Economy — Beast Industries
Eightco has invested $18 million in Beast Industries equity, approximately 5% of treasury assets.
Beast Industries operates one of the largest direct-to-consumer reach footprints in the world, with a combined 500 million-plus follower base across platforms, anchored by MrBeast as the most-watched person on YouTube globally. As AI commoditizes content production, distribution and audience trust become increasingly scarce assets.
About Eightco Holdings Inc.
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company executing a first-of-its-kind Worldcoin (WLD) treasury strategy, providing investors single-ticker indirect exposure to three of the defining trends of this cycle: artificial intelligence through its indirect investment in OpenAI, digital identity through its position as the largest public holder of WLD and the Proof of Human protocol, and the creator economy through its equity stake in MrBeast’s Beast Industries. Backed by leading institutional investors including Bitmine Immersion Technologies Inc. (NYSE: BMNR), MOZAYYX, World Foundation, Discovery Capital Management, FalconX, Payward/Kraken, Pantera, and GSR, Eightco is building the infrastructure layer for human verification in the agentic AI era.
For more information:
X: @iamhuman_orbs
Website: 8co.holdings
Frequently Asked Questions
What is ORBS stock?
Eightco Holdings Inc. (NASDAQ: ORBS) is a publicly traded company on Nasdaq. ORBS provides indirect exposure to OpenAI and Beast Industries, and holds one of the largest publicly disclosed positions in Worldcoin (WLD).
Who owns the most Worldcoin (WLD)?
Eightco Holdings (NASDAQ: ORBS) holds nearly 302 million WLD, approximately 8.4% of circulating supply and the largest publicly disclosed institutional position globally.
What is Proof of Human?
Proof of Human is cryptographic verification that a user is a unique, living person, not a bot or AI agent. It is foundational infrastructure for social networks, banking, agentic commerce, and any system requiring “one person, one account” in the agentic AI era.
How does Eightco (ORBS) relate to Proof of Human?
Eightco Holdings (NASDAQ: ORBS) is the largest publicly disclosed institutional holder of Worldcoin (WLD), the token powering World’s Proof of Human network.
Who is the CEO of Eightco Holdings?
Kevin O’Donnell is the CEO of Eightco Holdings (NASDAQ: ORBS). The Company’s Board includes Tom Lee (Managing Partner and Head of Research at Fundstrat, and Chairman of Bitmine Immersion Technologies (NYSE: BMNR)) and, as an advisor to the Board, Brett Winton (Chief Futurist at ARK Invest).
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward-looking, including, without limitation, statements regarding: the Company’s expectations that artificial intelligence, digital identity, and the creator economy will shape the next decade of innovation; management’s belief that the Company’s treasury portfolio holds some of the most critical components for the future AI and digital financial system; management’s belief that ORBS’ common shares are undervalued relative to intrinsic and synergistic value; management’s belief that the Company’s share repurchases are an efficient and effective use of capital that increase shareholder value; statements regarding World’s addressable revenue opportunity of $6.35 trillion across industries spanning banking, e-commerce, gaming, social media, and agentic AI; statements that distribution and audience trust become increasingly scarce assets as AI commoditizes content production; statements that the Company is building the infrastructure layer for human verification in the agentic AI era; statements that Proof of Human is foundational infrastructure for social networks, banking, agentic commerce, and systems requiring verified human identity; and statements regarding the Company providing indirect exposure to defining trends through its investments in OpenAI, WLD, and Beast Industries. Words such as “plans,” “expects,” “will,” “anticipates,” “continue,” “expand,” “advance,” “develop,” “believes,” “guidance,” “target,” “may,” “remain,” “project,” “outlook,” “intend,” “estimate,” “could,” “should,” “positioned,” “view,” and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management’s current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: the Company’s inability to direct the management or operations of private businesses where it is not a controlling stockholder, including OpenAI and Beast Industries; risk of loss or markdown on the Company’s strategic investments, including its indirect position in OpenAI equity (held through special purpose vehicles), its position in WLD, and its position in Beast Industries equity; the Company’s ability to maintain compliance with Nasdaq’s continued listing requirements; unexpected costs, charges, or expenses that reduce the Company’s capital resources or otherwise delay capital deployment; inability to raise adequate capital to fund or scale its business operations or strategic investments; volatility in digital asset prices, including WLD and ETH, which could materially affect the value of the Company’s treasury holdings; regulatory changes, future legislation, and rulemaking negatively impacting digital assets, artificial intelligence adoption, or biometric data collection; risks related to the development, adoption, and market acceptance of Proof of Human technology and the World network; uncertainty regarding the pace and trajectory of agentic AI deployment in enterprise and consumer applications; uncertainty regarding OpenAI’s product roadmap, business model developments, and any future liquidity events; risks related to Beast Industries’ ability to achieve its growth projections; competition in the digital identity and AI infrastructure markets; reliance on third-party sources for the valuation of certain investments; uncertainty regarding MrBeast’s continued success and the performance of Beast Industries’ creator-driven business model; risks related to the Company’s concentrated positions in certain digital assets and private company investments; risks related to the Company’s share repurchase program, including the timing, pricing, and amount of any repurchases; shifting public and governmental positions on digital assets or artificial intelligence-related industries; risks related to the timing, features, and commercial reception of OpenAI’s model releases; and risks that WLD supply dynamics may not result in anticipated market effects. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco’s actual results to differ from those contained in the forward-looking statements herein, see Eightco’s filings with the Securities and Exchange Commission (the “SEC”), including the risk factors and other disclosures in its Annual Report on Form 10-K filed with the SEC on April 15, 2026, Quarterly Report on Form 10-Q filed with the SEC on May 15, 2026 and other publicly available SEC filings. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect actual results or any change in its expectations.


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20, Aug 2026
DCAI and Corti Launch Sovereign AI Control Layer for European Enterprises – Trifork First to Adopt as Implementation Partner
New platform combines Europe’s sovereign AI infrastructure with healthcare-grade AI governance to give enterprises control, compliance, and lower AI costs
COPENHAGEN, Denmark, Aug. 20, 2026 /PRNewswire/ — The Danish Center for AI Innovation (DCAI) and Corti, frontier lab for clinical-grade AI, today announced the launch of Corti Models, a governed AI infrastructure layer that gives European enterprises full sovereignty, governance, and cost control over their AI strategies.
As AI becomes increasingly business-critical, recent disruptions in access to frontier models have highlighted the risks of depending on a single external AI provider. Corti Models addresses this challenge by providing a unified, model-agnostic platform that allows enterprises to access, manage, and deploy leading AI models while maintaining control over compliance, security, and infrastructure choices.
Corti Models is built on the same infrastructure that powers Corti’s AI solutions, which are designed for highly regulated environments such as healthcare. It provides a single OpenAI-compatible API with support for sovereign cloud and on-premises deployments. The solution is underpinned by DCAI’s ISO-certified Gefion AI supercomputer, providing enterprises with access to sovereign, high-performance AI infrastructure operated under European governance and security standards. This combination of trusted infrastructure and centralized AI governance helps organizations reduce AI spend by up to 5–10x, improve performance, and simplify procurement and compliance through a single contractual relationship.
The initial focus is enterprise software development, enabling organizations to standardize AI-assisted coding while maintaining centralized governance over model access, data handling, and budget controls.
Andreas Cleve, CEO and Co-Founder of Corti, said: “European enterprises need access to the world’s best AI models without becoming dependent on a single provider. Corti Models gives organizations the flexibility to innovate while staying in control of their data, compliance obligations, and long-term AI strategy.”
To support enterprise-scale deployment, Corti Models is powered by Europe’s leading AI infrastructure ecosystem, including DCAI and the NVIDIA-powered Gefion AI supercomputer. As part of its commitment to strengthening European AI sovereignty, DCAI is investing in a scalable NVIDIA Blackwell B300-based cluster, designed to serve as a national inference platform for large-scale enterprise and public-sector AI workloads across Denmark and the broader Nordic region.
Martin Svensson, CEO of DCAI, said: “Gefion was built to strengthen Europe’s AI capabilities. Corti Models demonstrates how sovereign AI infrastructure can be transformed into practical enterprise solutions that create real value for businesses and society. Our investment in next-generation inference infrastructure ensures that European organizations can access world-class AI capabilities while maintaining control over where and how their AI workloads are executed.”
Early Adoption by Trifork
Trifork, the international software innovation company, is among the first organizations to adopt and implement Corti Models. As an early adopter and implementation partner, Trifork will help enterprises accelerate AI adoption while maintaining the governance, security, and compliance standards required in regulated industries.
Jørn Larsen, CEO and founder of Trifork, said: “Our customers want digital independence without compromising on security, compliance or control over their own data. Corti Models and DCAI’s sovereign infrastructure give them greater choice and less dependency on individual providers. For us, the value is clear: we can help our customers use AI in areas where data sovereignty is critical and turn that capability into solutions that create real value.”
Availability
Corti Models is available immediately for enterprise deployment through Corti and its partner ecosystem.
About Corti
Corti is healthcare’s frontier lab for clinical-grade AI. Symphony, its flagship clinical-grade AI model, powers clinical and administrative applications for EHR vendors, virtual care platforms, practice management systems, and life sciences organizations worldwide. Corti serves over 100 million patients annually across health systems including the NHS. The company is headquartered in Copenhagen with offices in New York and London. For more information, visit corti.ai.
About DCAI
The Danish Center for AI Innovation (DCAI) operates Denmark’s national AI infrastructure, including the NVIDIA-powered Gefion supercomputer. DCAI is expanding this foundation through investments in next-generation AI compute and inference capabilities, strengthening Europe’s ability to build and deploy sovereign AI at scale.
About Trifork
Trifork (Nasdaq Copenhagen: TRIFOR) is a global technology company specializing in designing, building, and operating advanced software for enterprise and public sector customers. With 1,102 FTEs across 16 countries, Trifork serves as an end-to-end technology partner to organizations in complex and regulated industries, including public administration, healthcare, financial services, energy, and aviation. Learn more at trifork.com
Media Contact:
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20, Aug 2026
CoverSure Enters Insurance Gifting Space, Target 1 Million Families and INR 100 Crore in 12 Months
Mumbai, Aug 20: CoverSure, a customer-first insurance platform and IRDAI-licensed Corporate Agent, today entered corporate, social, and personal gifting as a new route to insurance adoption, introducing a suite of Insurance Gift Cards built on a single conviction: that protection is among the most meaningful things one person can give another. The cards are co-branded with Oxymoney, an RBI-licensed Prepaid Payment Instrument (PPI) issuer.
Gifting in India has moved past the standard mithai box and generic hamper toward something more personal, chosen for what it says about how well the giver knows the receiver. Insurance, at its core a promise of protection and longevity, fits that shift naturally, yet has never been part of India’s gifting tradition the way gold or festive cash has. In simple terms, an Insurance Gift Card is a stored value a recipient can put toward the insurance cover that best fits their own life, chosen and timed by the person who will actually be protected, not the giver.
CoverSure is targeting ₹100 crore in insurance gifting value over the next 12 months, with the ambition of reaching 1 million families through this route, positioning gifting as a scalable, additional channel for insurance adoption rather than a one-off campaign.
“Insurance has always been sold, never gifted. We wanted to change that,” said Saurabh Vijayvergia, Founder and CEO, CoverSure. “Every other form of care in India- gold, sweets, blessings- has a place in how we celebrate the people we love. Protection deserves the same place. That is what we are making possible today, without having to say the words out loud.”
Rather than purchasing a pre-selected policy on someone’s behalf, the giver provides a stored value that the recipient can put towards insurance. The recipient retains full control over the insurer, policy, type of cover and timing, and can apply the balance towards a new policy or the renewal of an existing one. This resolves a quiet but persistent difficulty in gifting insurance: the giver rarely knows the recipient’s existing policies, financial responsibilities, protection gaps or renewal dates. The decision, as it should, stays with the person being protected.
The Insurance Gift Card is available in four formats for different occasions and gifting needs. The Corporate Closed-Loop Gift is a customised card that can be redeemed exclusively on CoverSure across multiple insurance products, along with savings and wellness benefits. It is designed for employee rewards, festive gifting, customer engagement, and partner programmes. The Open-Ended Gift Card up to ₹1,000 allows recipients to use the value towards eligible insurance or non-insurance offerings on CoverSure, including in parts, making it suitable for personal gifting and employee appreciation. The Open-Ended Gift Card above ₹1,000 offers additional CoverSure benefits and access to its insurance management and protection services, making it suitable for family gifting and special occasions. The DIY Insurance Gift Card allows the giver to choose the insurance category, occasion and message, with options across Term, Health, Motor, Travel and Personal Accident insurance. Together, the four formats offer different ways to support the recipient’s insurance needs while leaving the final choice with them.
The launch is timed to a wider shift in how the country thinks about long-term wellbeing. In a nation widely regarded as the diabetes capital of the world, the Central Board of Secondary Education has directed schools to set up “sugar boards” educating children on the risks of excess sugar and encouraging healthier choices. CoverSure reads this as a sign that health and security are increasingly treated as things to protect deliberately rather than assume, at both a national and a household level, and sees gifting as a natural entry point for the same instinct.
India issued 41.84 crore insurance policies in FY2024–25, yet insurance penetration remained at 3.7% of GDP, against a global average of 7.3%. The gap points to the need not only for greater access, but for more reasons for people to act on their protection needs.
This mismatch is compounded by how differently the two industries are growing. India’s gifting industry, valued at an estimated $75 billion and expanding at roughly 14% annually, stands in sharp contrast to insurance, which continues to grow at only negative to low single-digit rates in policy volumes, a trajectory CoverSure believes can shift only if the industry attaches itself to larger, already-thriving traditions rather than standing alone as a financial product.
“We are looking at gifting as an additional route through which people can be introduced to insurance by the ambassadors of insurance, i.e. existing policyholders, rather than treating insurance as just another festive product,” Vijayvergia added. “A company, a family member or a friend provides the starting value, but the recipient decides whether it goes towards health, life or motor insurance, and when. It is a small gesture that can begin a lifetime of protection.”
The initiative follows CoverSure’s earlier awareness campaign, #ChitthiAayiHai, run with India Post, which sent more than 10,000 barcode-enabled inland letters to families across 15 cities, urging policyholders to share their insurance details with the people who would one day need them. The gift cards extend the same belief: that insurance grows not through advertising, but through care made visible.
CoverSure expects the corporate segment to be central to the initiative. Companies can build the cards into employee-reward and recognition programmes or extend them to customers and channel partners, reaching families who are often more financially exposed than assumed. For personal gifting, the cards suit festivals, birthdays, anniversaries and other milestones. The offering sits within CoverSure’s broader claim-first, customer-first model, where the claims experience is designed to be straightforward rather than buried in fine print.
20, Aug 2026
Naidu Proposes Bullet Train Link Between Amaravati, Bengaluru and Chennai
Amaravati/Mahabalipuram, Aug. 20: Andhra Pradesh Chief Minister N. Chandrababu Naidu has proposed a high-speed rail corridor connecting Amaravati, Bengaluru and Chennai, with a bullet train route passing through Kuppam, during the Southern Zonal Council meeting held in Mahabalipuram on Thursday.
Representational Image
The proposal was made at the meeting chaired by Union Home Minister Amit Shah, where Naidu called for stronger cooperation among southern states on infrastructure, connectivity, water resources, energy and economic development.
Push for Integrated Transport Network
Naidu proposed creating a common logistics network and developing dry ports across southern states to strengthen trade and improve the movement of goods.
He also called for greater integration of the southern power grid with the national grid to improve energy coordination and reliability.
In the education and employment sector, the Andhra Pradesh Chief Minister suggested establishing a joint consortium involving universities and skilling institutions from southern states.
He also proposed a Mutual Aid Force to improve coordination among states during natural disasters and other emergencies.
Godavari-Cauvery Link Highlighted
Water sharing emerged as another major issue during Naidu’s address. He advocated the diversion of more than 500 TMC of water through the proposed Godavari-Cauvery river-linking project.
Naidu said the project could provide a long-term solution to Tamil Nadu’s water requirements and called for coordinated efforts involving Andhra Pradesh, Telangana, Karnataka and Tamil Nadu to address interstate river-water disputes.
He further sought a long-term national plan for Ganga-Cauvery river linking, along with time-bound preparation of detailed project reports and approvals for river-linking initiatives.
Southern States Can Drive $10 Trillion Economy
Naidu said southern states account for around 31 per cent of India’s GDP and argued that the region could collectively contribute towards building a $10 trillion southern economy by 2047.
He urged the states to work together to strengthen the region’s role in India’s broader development and the vision of Viksit Bharat.
The Chief Minister also proposed a common spiritual tourism circuit connecting Tirupati with Kashi, Ayodhya and the Char Dham destinations.
AP Reorganisation Issues Raised
Naidu urged the Centre to resolve pending issues arising from the bifurcation of undivided Andhra Pradesh.
He pointed out that matters concerning institutions listed under Schedules IX and X of the AP Reorganisation Act remain unresolved even after 12 years. He also sought resolution of the state’s resource deficit and issues related to Section 56 of the Reorganisation Act.
Infrastructure Projects Seek Centre’s Support
Highlighting ongoing development in Andhra Pradesh, Naidu said projects such as Polavaram, the South Coast Railway Zone and Amaravati are progressing with support from the Centre.
He also sought faster approvals for Dugarajapatnam Port and refinery proposals, besides central approval for the Visakhapatnam and Vijayawada Metro Rail projects and the Kadapa-JSW railway link.
Naidu stressed that greater Centre-state trust and cooperation would be essential to resolve outstanding issues and accelerate development across southern India.
The meeting was attended by the Chief Ministers of Tamil Nadu, Karnataka, Kerala and Puducherry, besides the Deputy Chief Minister of Telangana.
20, Aug 2026
S Hotels & Resorts Invites Travellers to Reclaim the Luxury of Time
‘It’s About Time’ celebrates slow travel, soulful discovery and nature-immersive escapes designed to restore what everyday life takes away.
Bangkok, Thailand | Aug 20 – With so many demands on our time, S Hotels & Resorts is inviting travellers to reclaim that most precious of commodities, whether they’re burned out and ready for an end-of-year reset or simply looking to recharge before the festive season. The hospitality group’s ‘It’s About Time’ campaign serves as a tropical off-switch for the tired mind.
A lifestyle brand known for its soulful hospitality, SAii Hotels & Resorts brings its new campaign to life across its entire portfolio in Thailand and the Maldives, from the castaway allure of Phi Phi and Phuket’s family-friendly escapes to the adults-only hideaway of Koh Samui and the barefoot ease of the Maldives.

The campaign’s themes capture the elements that turn a simple getaway into time genuinely well spent. Time for Adventure invites holidaymakers to step away from the clock and dive into kayaking through hidden mangrove forests in the Andaman or exploring technicolour reefs in the Indian Ocean. For gentler sun-drenched pursuits, Time for Nature revolves around long beachside lunches and sunsets without the crowds. Time for Yourself is the luxury of doing only what your heart desires, from disappearing into the spa to dedicating an entire afternoon to poolside reading. Meanwhile, authentic local cuisines and freshly caught seafoodtake centre stage with Time for Flavours, just as Time Together brings everyone closer over shared sunsets, family adventures or a friendly game of padel tennis or lively afternoons at SunRay Social & Swim Club.
Finally, Time to Exhale is Santiburi Koh Samui’s exclusive expression of the campaign. As guests step into the 23-acre sanctuary of tropical foliage and lotus ponds, any vestiges of today’s ‘do more’ travel culture fall away, giving them explicit permission to do less. Exhale into Stillness with peaceful moments on Mae Nam Beach, Exhale into Nature amid ancient coconut trees and tropical gardens, Exhale into Wellbeing at Santiburi Spa or the newly upgraded Technogym fitness centre, Exhale into Flavours with refined Thai cuisine at Sala Thai Restaurant, and Exhale into Connection through meaningful moments shared with loved ones.
Book early and save up to 30% at SAii Laguna Phuket, SAii Phi Phi Island Village, SAii Koh Samui Villas, SAii Lagoon Maldives and Santiburi Koh Samui, making it even easier to embrace the luxury of time with a rewarding island escape. For more information, please visit saiihotels.com/ and santiburisamui.com/
20, Aug 2026
PhonePe PulsePro signs MoU with MeitY to power PM GatiShakti
Bengaluru, Aug 20: PhonePe, today announced the signing of Memorandum of Understanding (MoU) with the Ministry of Electronics and Information Technology (MeitY) to share insights from PhonePe PulsePro, its enterprise data intelligence platform, to support the PM GatiShakti mission for national infrastructure planning, economic analysis, and holistic urban and rural development.

PhonePe PulsePro transforms aggregated and anonymised transaction data into hyperlocal insights, providing a granular view of trends across geographies, categories and markets. Built on PhonePe’s extensive digital transactions ecosystem, PhonePe PulsePro enables organisations to identify emerging trends, understand market signals and derive actionable intelligence from real-world activity.
Under the MoU with MeitY, PhonePe PulsePro metrics will be integrated into the PM GatiShakti National Master Plan portal, managed in collaboration with Bhaskaracharya National Institute for Space Applications and Geo-informatics (BISAG-N). By sharing granular transactional insights with the PM GatiShakti portal, PhonePe is making hyperlocal PulsePro data accessible for internal government use to enable them to make smarter, data-based decisions for national development planning.
Sharing his views on the MoU, Shri S. Krishnan, Secretary, Ministry of Electronics and IT (MeitY), said,
“Data-driven intelligence can play an important role in enabling more informed planning and decision-making. The granular and hyperlocal insights available through PhonePe PulsePro can complement existing datasets and provide additional visibility into emerging trends across markets and geographies. We welcome PhonePe’s initiative to make these insights available through the PM GatiShakti framework and support India’s journey towards Viksit Bharat.”
Commenting on the MoU, Karthik Raghupathy, Head of Strategy at PhonePe, said,
“Since the launch of PhonePe Pulse, we have seen how transaction-led insights can help build a more nuanced understanding of markets and emerging trends. PhonePe PulsePro takes this intelligence further through granular, hyperlocal and near real-time market signals. By making these insights available to MeitY, we hope to contribute to a stronger data ecosystem and support more informed, evidence-based infrastructure planning. We are delighted to play our part in enabling the use of data for broader public good.”
The MoU builds on PhonePe’s broader commitment to making data and technology a force for the public good. PhonePe Pulse, the company’s open data platform launched in 2021, is a valuable resource for entrepreneurs, researchers, developers, policymakers and students. PhonePe PulsePro extends these capabilities through enterprise-grade data intelligence and deeper, more granular market insights.
20, Aug 2026
KuCoin Achieves ISO/IEC 42001 Certification, Strengthening Trusted AI Across Its Global Digital Asset Platform
PROVIDENCIALES, Turks and Caicos Islands, Aug. 20, 2026 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange built on trust, today announced that it has achieved ISO/IEC 42001:2023 certification for its Artificial Intelligence Management System (AIMS). As the world’s first certifiable international standard for AI management systems, ISO/IEC 42001 marks an important milestone in KuCoin’s commitment to building Trusted AI through responsible governance, further strengthening the company’s Trust Framework and reinforcing its long-term vision of delivering secure, transparent and trusted digital asset infrastructure.
As AI becomes increasingly embedded in digital financial infrastructure, its role extends far beyond improving operational efficiency. Today, AI supports a growing range of critical platform functions, from risk management, anti-money laundering (AML) and fraud detection to market surveillance, customer service, product intelligence and operational automation. As AI capabilities continue to evolve, so do expectations for how these systems are governed. Trusted AI is no longer defined solely by technological capability—it requires clear accountability, transparency, continuous oversight and responsible governance throughout the entire AI lifecycle. This is precisely the foundation established by ISO/IEC 42001 and an increasingly important requirement for the future of the digital asset industry.
KuCoin’s certified Artificial Intelligence Management System supports its global digital asset exchange and financial services platform reinforcing the responsible deployment, governance and continuous improvement of AI across its operations. The certification covers the AI management system and the organizational functions that support it, ensuring AI is governed under a structured and internationally recognized management framework.
“AI is becoming a foundational capability of digital financial infrastructure, but greater capability must be matched by greater responsibility,” said BC Wong, CEO of KuCoin. “We believe the future of the industry will not be defined simply by more advanced AI, but by more trusted AI. Achieving ISO/IEC 42001 demonstrates our commitment to embedding responsible AI governance into the way we build, deploy and operate AI across our platform. As we continue to innovate, we remain equally committed to ensuring that every AI capability is transparent, accountable and designed to strengthen user trust.”
ISO/IEC 42001 represents the latest addition to KuCoin’s comprehensive Trust Framework. Building upon its existing ISO/IEC 27001 certification for information security, SOC 2 Type II attestation for operational reliability, and ISO 22301 certification for business continuity and operational resilience, ISO/IEC 42001 establishes a dedicated governance framework for artificial intelligence. Together, these internationally recognized standards create a multi-layered foundation that strengthens security, resilience, transparency and responsible innovation across the platform. As AI continues to reshape the digital asset industry, KuCoin will continue advancing Trusted AI through globally recognized governance standards, ensuring that artificial intelligence not only becomes more capable, but also more trustworthy.
About KuCoin
Founded in 2017, KuCoin is a leading global crypto platform built on trust and security, serving over 45 million users across 200+ countries and regions. Known for its reliability and user-first approach, the platform combines advanced technology, deep liquidity, and strong security safeguards to deliver a seamless trading experience. KuCoin provides access to 1,500+ digital assets through a broad product suite and remains committed to building transparent, compliant, and user-centric digital asset infrastructure for the future of finance, backed by SOC 2 Type II, ISO/IEC 27001:2022, ISO/IEC 27701:2019, ISO 22301:2019 and ISO/IEC 42001:2023 Certifications. In recent years, we have built a strong global compliance foundation, marked by key milestones including AUSTRAC registration in Australia, a MiCA license in Europe, and regulatory progress in other markets.
Learn more at www.kucoin.com.
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