Bengaluru, June 04:  Meesho, India’s largest e-commerce platform by Annual Transacting Users and Placed Orders, revealed the growing impact of PRISM (Personalised Ranking & Intent Signal Module), its proprietary AI intelligence system designed to transform how millions of Indians discover products, shop online, and engage across the platform. 

Much like shopping in a local bazaar, consumers on Meesho often browse, explore, and discover products rather than search with fixed intent. Built for a platform serving 264 million annual transacting users and 717 million placed orders in Q4 FY26, PRISM is designed for this reality, shifting commerce from keyword-led search to real-time intent understanding and product discovery. Traditional e-commerce was built around the search bar, assuming users can clearly articulate what they want. For a large part of India, that assumption breaks down. Today, over 75% of orders on Meesho originate from AI-driven personalised feeds powered by PRISM. 

At the core of PRISM is a real-time intelligence and ranking architecture built to understand how Bharat shops online. The system continuously interprets behavioural, transactional, and contextual signals across users and their browsing journeys, powered by a network of more than 100 AI ranking models and trained on over 400 trillion input signals and executing more than 6 trillion inferences every day within milliseconds. Further, this enables sellers to reach high-intent audiences more effectively by surfacing their products to users who are most likely to engage and purchase. 

It supports 10+ multilingual experiences across Hindi, Bengali, Marathi, Tamil, Telugu, Kannada, Malayalam, Gujarati, Punjabi, and Odia. The system is powered by BharatMLStack, Meesho’s in-house ML infrastructure platform built to support high-throughput AI workloads at significantly lower inference costs than conventional cloud infrastructure. 

While traditional e-commerce platforms were designed around consumers searching with clear intent, PRISM enables a more intuitive and discovery-led shopping experience built for Bharat.Through Trendpulse, its LLM-powered discovery engine, PRISM interprets emerging demand patterns across regions, cities, and local consumer clusters, enabling Meesho to surface highly relevant products aligned with evolving shopping behaviours India’s diverse consumer cohorts. 

Speaking on the impact of PRISM, Debdoot Mukherjee, Chief Data Scientist, Head of AI and Demand Engineering, Meesho, said: “The next hundred million Indians coming online will not search, they will discover. They will not type, they will speak, browse, and expect technology to meet them where they are. This is the most significant shift in consumer internet India has seen, and it demands infrastructure built from the ground up for this reality. 

PRISM brings together real-time intelligence and ranking systems to understand how Bharat discovers products, expresses intent, and makes purchase decisions online. It continuously interprets behavioural, transactional, and contextual signals across users, products, sellers, and browsing journeys, shifting commerce from keyword-led search to real-time intent understanding, for consumers who are discovery-first, multilingual, and increasingly voice-led. It does not wait for a consumer to articulate what they want. During peak sale events, PRISM processes nearly 100 million inferences per second to power real-time personalised discovery at scale.

AI in commerce must go beyond efficiency and become something closer to intuition, a system that learns continuously, anticipates intelligently, and makes discovery feel effortless for every Indian. That is the infrastructure we are building for Bharat’s next era of commerce. And we are only at the beginning.” 

PRISM already powers personalised recommendations, intent-led discovery, trend intelligence, catalogue understanding, and seller growth systems across Meesho. Its capabilities are strengthened by the scale of the Meesho ecosystem, with 263 million monthly active users, 17 billion product views per day, 1,592 million ratings, and 505 million reviews, one of India’s largest commerce intelligence networks spanning consumers, sellers, creators, listings, and logistics partners. 

As discovery-led commerce continues to grow across India, PRISM will power the next generation of shopping experiences on Meesho, helping consumers discover more naturally, enabling sellers to reach demand more efficiently, and continuously compounding intelligence across billions of real-world interactions.

BHUBANESWAR, Odisha— Homegrown fintech company iServeU is emerging as one of Odisha’s most prominent technology success stories, helping position Bhubaneswar as a growing hub for digital banking and financial technology innovation.

Founded by Odia entrepreneurs and headquartered in Bhubaneswar, iServeU has developed into a leading cloud-native banking infrastructure provider, delivering payment, banking, merchant acquiring and digital financial services solutions to banks and fintech companies across India and overseas markets.

The company’s technology platform supports several major public and private sector financial institutions, enabling digital banking services and accelerating financial inclusion initiatives at scale. Its infrastructure is designed to help banks modernize operations, expand digital offerings and improve customer access to financial services.

Industry observers say iServeU’s growth reflects the increasing maturity of Odisha’s startup ecosystem, which has traditionally been overshadowed by larger technology centers such as Bengaluru, Hyderabad and Pune. The company’s success has contributed to Bhubaneswar’s emergence as a destination for fintech innovation and payment technology development.

As India’s banking sector continues its rapid digital transformation, demand for cloud-native infrastructure and embedded financial services has increased significantly, creating opportunities for technology providers that support financial institutions’ modernization efforts.

Beyond its business expansion, iServeU’s rise highlights the growing role of regional technology startups in shaping India’s fintech landscape. The company has demonstrated that globally relevant financial technology solutions can be built and scaled from emerging startup ecosystems outside the country’s traditional technology corridors.

While market interest in fintech companies remains strong, iServeU is currently an unlisted private company. Any potential public listing would depend on future strategic decisions by the company and the completion of required regulatory processes.

The company’s growth trajectory underscores Bhubaneswar’s increasing importance in India’s digital economy and signals the potential for Odisha-based startups to compete in high-growth technology sectors on a national and international stage.

Source: iServeU

Analysis: Japan’s Economic Security State Enters a New Phase

Japan’s economic security agenda is undergoing a significant transformation, marking a shift from defensive supply chain protection toward a more comprehensive national security framework that places strategic industries, technology, data, and foreign investment under closer government scrutiny.

A series of legislative initiatives advancing through Tokyo in 2026 suggest that economic security is no longer being treated as a niche policy concern. Instead, it is becoming a central pillar of Japan’s national strategy, reflecting broader geopolitical tensions, intensifying technological competition, and growing concerns about vulnerabilities in critical infrastructure.

 

Building a Centralized Intelligence Architecture

One of the most consequential developments is the proposal to establish a National Intelligence Council within the Cabinet. The initiative would create a more centralized intelligence structure capable of supporting strategic decision-making across government.

The accompanying National Intelligence Bureau would consolidate information currently dispersed among ministries and agencies, potentially giving policymakers a more integrated view of emerging security threats. For Japan, which has traditionally relied on fragmented bureaucratic structures, the move represents a notable institutional shift toward coordinated intelligence gathering and analysis.

The proposal also reflects a growing recognition that economic security threats often emerge from complex intersections of technology, trade, investment, and supply chains rather than from conventional military channels alone.

Expanding the Scope of Economic Security

The amendments to the Economic Security Promotion Act demonstrate how broadly Tokyo now defines national security.

By incorporating healthcare into the critical infrastructure framework and extending support to overseas projects that strengthen global transportation networks, the government is expanding its focus beyond traditional defense sectors. This approach acknowledges that disruptions to medical systems, logistics routes, or industrial supply chains can have strategic consequences comparable to more conventional security threats.

The legislation also strengthens analytical capabilities related to economic measures tied to national security, signaling an effort to improve the government’s ability to identify and respond to emerging vulnerabilities before they become crises.

Toward a More Assertive Investment Screening Regime

Perhaps the most significant change for international businesses is the evolution of Japan’s foreign investment review system.

Through amendments to the Foreign Exchange and Foreign Trade Act (FEFTA), Tokyo is effectively creating a more robust screening mechanism that increasingly resembles the role played by the Committee on Foreign Investment in the United States (CFIUS). While Japan is not establishing a separate agency, the practical effect is similar: greater scrutiny of foreign investments that may affect national security interests.

The expanded rules covering indirect acquisitions illustrate the government’s determination to close potential regulatory gaps. Foreign investors will also face greater obligations to demonstrate how they intend to mitigate security risks, while authorities gain broader powers to intervene in transactions that are deemed problematic.

The message is clear: ownership structures, data access, and technological capabilities will be examined more carefully than ever before.

The Makino Decision Signals a New Regulatory Reality

The government’s intervention in the proposed acquisition of Makino Milling Machine by MBK Partners provides the clearest indication yet of how this evolving framework will operate in practice.

Despite extended negotiations and proposed mitigation measures, Japanese authorities concluded that Makino’s importance to the country’s defense manufacturing ecosystem outweighed the benefits of the transaction. The decision demonstrates a willingness to block deals even when investors attempt to address government concerns through established international best practices.

More importantly, the case highlights Japan’s growing acceptance of what security experts describe as “mosaic theory” or “mosaic logic.” Under this approach, seemingly harmless pieces of information may become strategically sensitive when combined with other data sets. As a result, regulators are increasingly concerned not only with direct technology transfers but also with indirect access to industrial knowledge, procurement networks, and customer relationships.

Implications for Global Investors

For multinational corporations and private equity firms, Japan’s evolving regulatory environment represents a fundamental change in how cross-border transactions must be approached.

Traditional compliance exercises are unlikely to be sufficient. Investors will increasingly need to develop comprehensive security narratives that explain how transactions align with Japan’s national interests, protect sensitive technologies, and safeguard critical industrial capabilities.

This trend mirrors developments across other advanced economies, where governments are placing greater emphasis on economic resilience, technological sovereignty, and strategic autonomy. However, Japan’s approach is distinctive because it seeks to maintain an open investment environment while simultaneously applying more targeted and sophisticated security screening.

The challenge for policymakers will be maintaining that balance. Excessive restrictions could discourage foreign investment and innovation, while insufficient oversight could expose critical sectors to strategic risks.

As the new legislation advances and enforcement actions become more common, Japan appears determined to pursue a middle path: remaining open to international business while reserving the right to intervene when economic activity intersects with national security concerns. The result is likely to be a more selective, intelligence-driven investment environment that reshapes how global companies engage with one of Asia’s largest economies.

Ras Al Khaimah, June 4: Ras Al Khaimah Economic Zone (RAKEZ) continues to strengthen its commitment to industrial investors and manufacturers through a series of on-ground visits and operational support initiatives aimed at helping businesses navigate evolving regional and global trade and logistics conditions.

Over recent weeks, the economic zone’s top management conducted a series of visits to client facilities across Al Hamra, Al Hulaila, and Al Ghail industrial zones to better understand operational realities on the ground, hear directly from businesses about their concerns, and identify areas where additional support could be extended.

 

The visits covered a wide cross-section of industries that form part of Ras Al Khaimah’s growing industrial ecosystem. From manufacturing and packaging companies such as Hira Industries, Guardian Glass, Zoujaj International Float Glass, Power Wrap Industries, and Universal Carton Industries, to automotive and aerospace businesses including International Armoured Group, TAG Middle East, and Al Dobowi Group, as well as steel and metal companies such as Extra Co. Industries, Fabcon Industrial Service, AG Metal, Mabani Steel, and Elite Extrusion, the visits reflected the diversity of RAKEZ’s industrial ecosystem. The engagements also included food production companies such as Ahmed Tea, International Food Company Seara, BMJ Industries/Cedrus Printing, and Ital Food; chemicals and lubricants manufacturer Millennium Grease & Lubricants Manufacturing; oil and gas company Turbotim; building and construction manufacturer Sobha Modular Industries; alongside companies operating across, assembling, and broader manufacturing sectors, including A2C Services, and KWC Manufacturing.

The discussions focused on practical business needs and operational continuity. As market conditions continue to evolve, RAKEZ remains closely engaged with its business community, working alongside companies to understand their requirements and provide support that helps them adapt, remain resilient, and pursue their growth plans with confidence.

On the sidelines of the visits, RAKEZ also hosted seminars to help businesses connect with wider support networks across logistics, finance, and trade, facilitating working capital access, export support, and alternative logistics solutions.

Sheikh Mohammed bin Humaid Al Qasimi, Managing Director of RAKEZ, said: “Our engagement with the industrial community goes beyond standard administrative support; it is about active partnership on the ground. By visiting our clients directly at their facilities, we gain a firsthand understanding of their day-to-day operational realities amid shifting global and regional trade dynamics. This close collaboration allows us to align RAKEZ’s resources directly with the evolving needs of our partners, ensuring that Ras Al Khaimah remains a stable, reliable, and highly competitive hub for global manufacturing.”

RAKEZ Group CEO Ramy Jallad said: “What stood out most during these visits was the incredible resilience and preparedness of our industrial community. Many businesses have been highly proactive in managing their inventory levels and adapting their logistics strategies to navigate current market conditions. Our role at RAKEZ is to mirror that agility by delivering practical, immediate solutions that help them maintain momentum.”

He added: “True business continuity requires an ecosystem that responds with flexibility when circumstances change. Whether through enhanced storage capabilities to cushion supply chain shocks, tailored commercial structures, or direct logistics facilitation, our priority is to remove operational friction. We want our investors to remain entirely focused on what they do best—operating, producing, and growing with absolute confidence.”

The visits also underscored the strength of RAKEZ’s industrial ecosystem and the high level of operational readiness across its business community. As market conditions continue to evolve, RAKEZ remains committed to working closely with its clients to support their growth, resilience, and long-term success.

Bengaluru, June 04: Goodera, a global leader in corporate volunteering and employee engagement, unveiled Goodera AI^X , its new AI-powered social impact offering, at the Bengaluru edition of its Corporate Volunteering Collective (CVC), bringing together leaders from the CSR, nonprofit, and corporate ecosystem to explore the future of AI-enabled volunteering and community impact.

The event brought together attendees from organizations across the CSR and corporate ecosystem of various organizations, highlighting the growing intersection of artificial intelligence, employee engagement, and social impact innovation. Through keynote sessions, panel discussions, and experiential volunteering activities, the event explored how AI is transforming the way organizations design, scale, and measure community impact initiatives

At the centre of the event was the launch of Goodera AI^X, a new offering designed to help enterprises, nonprofits, and employees build AI fluency while embedding AI across volunteering and CSR programs. Built around three pillars: Illuminate, Activate, and Integrate,  Goodera AI^X combines AI literacy workshops, AI-native volunteering experiences, strategic advisory, and AI-powered operational tools aimed at making volunteering more scalable, measurable, and accessible.

The launch comes at a time when organizations globally are increasingly looking to integrate Artificial Intelligence (AI) into workplace learning and social impact initiatives, while nonprofits continue to face significant capability and access gaps in adopting emerging technologies.

As part of the unveiling, Goodera showcased how AI^X,  enables organizations to build AI readiness through hands-on workshops, volunteering strategy roadmaps, and community-led AI learning experiences. The platform also integrates AI into volunteering workflows, helping organizations streamline volunteer matching, engagement, coordination, and impact reporting.

During the event, Goodera also revealed insights from its recent AI literacy research conducted across the social impact ecosystem, surveying more than 1,000 nonprofits across 30+ countries. The findings pointed to a growing demand for AI adoption and digital capability building across nonprofits, while also highlighting critical gaps in awareness, access, and implementation support.

Speaking about the launch, Sriram Shankar, Co-Founder & COO, Goodera, said, “AI is fundamentally reshaping the future of work and community impact, yet much of the social impact ecosystem is still at the early stages of adoption. With Goodera AI^X,  we want to make AI more accessible, practical, and outcome-oriented for CSR teams, nonprofits, and employees. The opportunity is not just about introducing AI into volunteering, but about enabling organizations to scale impact, build future-ready capabilities, and strengthen communities through technology.” 

Leaders and practitioners attending the Bengaluru Corporate Volunteering Collective also shared perspectives on how AI and purpose-led engagement are reshaping the future of workplace volunteering.

Ragha M G, CSR Program Manager, NxtGen Cloud Technologies Pvt. Limited, said, “What stood out through the Collective was how AI can make volunteering more relevant, skill-driven, and outcome-oriented for both employees and communities. As organizations look to build more meaningful engagement models, platforms like Goodera AI^X can help bridge technology with real social impact while making volunteering more scalable and accessible.”

Shivangi Gupta, Head HR Capability and Workforce Transformation, Kongsberg Digital, said, “Employees today are increasingly looking for purpose-led experiences that feel authentic and aligned with their skills. Conversations at the Goodera Collective reinforced how AI-enabled volunteering can help organizations move beyond one-time engagement activities towards more long-term, meaningful participation that strengthens both culture and community impact.”

The Bengaluru edition of the Corporate Volunteering Collective also featured interactive volunteering experiences demonstrating how AI-enabled educational tools and community-focused technology interventions can create more engaging and inclusive learning environments.

With the launch of Goodera AI^X,  the company aims to strengthen its position at the intersection of AI, employee volunteering, and social impact innovation, helping organizations build more future-ready and technology-enabled volunteering ecosystems

Transaction volumes up 36% since February, developer sales surge 57% as investor confidence holds firm

 

Dubai, UAE, June 4 The evolution of Dubai South as the emirate’s largest single urban master development is highlighted by a new market analysis today revealing sustained residential real estate growth over the last three months.

For the third consecutive month in May, Dubai South ranked as the best-performing area in the emirate’s property sector, recording 1,357 sales transactions valued at AED 1.6 billion, a 15.9% rise in volume on April and marking its seventh straight month in the top five.

A market report from fäm Properties reveals that residential property sales transactions at Dubai South have surged by 36.4% since the onset of the regional conflict at the end of February.

This growth has been largely driven by developer off-plan sales, which climbed 24.8% last month to 1,233 transactions, following a 35.71% increase in April, adding up to a cumulative rise of 57.87% since the end of February.

“The level of market activity at Dubai South underlines the strength of its fundamentals as a fully integrated, connected urban and business hub propelling growth across the emirate’s broader economy,” said Firas Al Msaddi, CEO of fäm Properties.

“Growing transaction volumes reflect genuine end-user and investor confidence in the government’s long-term development vision for this dynamic aviation and logistics ecosystem, underpinned by the expansion of Dubai World Central into the world’s largest airport.”

Data from DXBinteract shows that the Dubai real estate market recorded 10,281 sales transactions worth AED28.9 billion in May. The month brought 8,772 apartment sales worth AED14.6 billion, 1,037 villa sales worth AED7.2 billion, along with 133 plot sales valued at AED4.2 billion.

The commercial sector, including offices and shops, recorded 335 sales transactions valued at AED2.9 billion. The average property price per sq ft was up by 3% YoY to AED1,650.

Primary sales again dominated in May, accounting for 7,595 sales transactions totalling AED18.5 billion, compared with 2,686 resales valued at AED10.4 billion. The most expensive villa sold in May was a luxury property at Signature Villas on Palm Jumeriah which went for AED145 million.

The most expensive apartment went for AED113 million at Solaya 5 at Jumeirah First. Other luxury apartments sold for AED106 million at Solaya 6 at La Mer and 101 million at One Casa at Al Wasl on the Dubai Water Canal.

With properties worth more than AED5 million accounting for 8.56% of sales, 8.19% were between AED3-5 million, 12.41% between AED2-3 million, 31.02% between AED1-2 million and 39.82% were below AED1 million.

TOP FIVE PERFORMING AREAS IN MAY 2026

Transactions Sales value

Dubai South 1,357 AED1.6B

Wadi Al Safa 3 983 AED1.7B

Wadi Al Safa 5 631 AED833.9M

Al Barsha South Fourth 551 AED690.4M

Jebel Ali First 541 AED920.9M

BEST-SELLING PROJECTS IN MAY 2026

Primary market apartments

	Volume	Value AED	Median price AED
Binghatti Skyflame 1	442	311.1M	550K
Binghatti Skyflame 2	193	124.8M	565K
Azizi Venice 14 Building	109	82.5M	650K
Azizi Venice 14 Building	105	79.1M	650K
Bond	101	23.9M	201K

 

Primary market villas

Lunaya	62	524.6M	6.9M
Reportage Hills	47	95.1M	1.8M
Verdana 3	36	50.0M	1.3M
Palm Jebel Ali	22	815.7M	31.3M
Verdana 10	22	37.5M	1.7M

 

Mumbai, June 04:  CoverSure, a customer-first insurtech platform, in association with India Post, the postal service of the Government of India and operator of the world’s largest postal network, is promoting insurance preparedness and claims readiness across Indian households. Launched under the #ChitthiAayiHai initiative, the association revives one of India’s most familiar and trusted modes of communication, the ‘inland letter,’ to encourage families to document, share, and safeguard critical insurance information, helping them stay better prepared when an emergency or claim situation arises.

The initiative also marks the introduction of barcode-enabled inland letters by India Post, allowing senders to digitally track their letters while preserving the simplicity and familiarity of the traditional format. The barcode feature will be extended to all inlaaand letters going forward. 

As part of the initiative, CoverSure will, in the first phase, use 10,000 inland letters across 15 cities through India Post’s delivery network. Through the initiative, policyholders are encouraged to record and share essential insurance details with their families, including policy numbers, nominee information, coverage limits, TPA contacts, claim helplines, and nearby cashless network hospitals.

The idea is also being extended to insurance industry leaders and ecosystem stakeholders to nurture broader conversations around insurance literacy, beneficiary awareness, claims preparedness, and household-level insurance literacy.  

As per CoverSure, despite increasing insurance adoption, one of the biggest barriers to effective insurance utilisation remains the gap between policy ownership and beneficiary preparedness. Policyholders may diligently pay premiums for years, but spouses, children, or parents often do not know where policy documents are stored, what benefits are available, whom to contact, or how to initiate a claim. During a medical emergency or after the loss of a loved one, this information gap can delay or even prevent access to insurance benefits. 

The initiative comes at a time when improving beneficiary preparedness is gaining industry attention. According to IRDAI^# unclaimed insurance amounts outstanding with insurers stood at ₹8,973.89 crore as of February 28, 2026, highlighting the need for policy information and claim-related details to be documented and shared with family members. Similarly, in the recent survey conducted by CoverSure, it was found that 60% of dependents in the family were unaware they were even covered under any insurance policy.

#ChitthiAayiHai is a step to make insurance information more visible and usable at home. Each inland letter carries a message from CoverSure and guided space for policyholders to ensure they deliver confidence about protection within their families. The initiative turns the inland letter into a practical preparedness tool, helping move important insurance information out of scattered documents, emails, and apps into a format that can be easily found and understood by family members.

The initiative also uses the emotional familiarity of the inland letter to encourage action. For generations, inland letters carried personal news, family secrets, and memories that matter even today. Upon talking to 125+ families, CoverSure discovered that most had preserved their inland letters for over 30-50 years and still remain in pristine condition! CoverSure is now using that same trusted format to carry a different kind of message: one that asks families to speak openly about insurance, protection, and preparedness.

Speaking on the initiative, Saurabh Vijayvergia, Founder & CEO, CoverSure, said, “Insurance should not remain locked inside policy documents or digital folders. The people it is meant to protect should know what exists, where to find it, and how to use it. Through #ChitthiAayiHai, we want to encourage every policyholder to have that conversation with their family before an emergency, not during one. He further added that this is not a one-time activity, it’s a long-term association with India Post built on trust and the Indian citizens’ interest.”

He added, “The conversation around insurance often focuses on policy purchase and penetration. Equally important is ensuring that families know how to access the protection that has already been bought. A policy becomes truly valuable only when the right information reaches the right people at the right time. This initiative is our attempt to make that information easier to share, easier to find, and easier to act upon.” 

Commenting on the association, Shri Amitabh Singh, Chief Postmaster General, Maharashtra Circle, India Post, said, “India Post has always served as a trusted bridge between people, families, and communities. Through this association with CoverSure, we are pleased to support an initiative that carries not just a letter, but an important message of financial awareness and preparedness. Hand-delivering 10,000 inland letters across cities is a meaningful reminder of the role physical communication can continue to play in driving public awareness & trust. We are proud to have executed this initiative at scale and to have this milestone formally registered in our records.”

CoverSure operates at the intersection of insurance literacy, technology, and decision support. Its AI-powered platform helps individuals build smart insurance portfolios, decode policy benefits & coverage gaps, low-cost insurance solutions across Health, Life, Motor & Travel. With #ChitthiAayiHai, the company is taking the same mission into an offline format that reaches families directly and extends the InsuranceForAll by 2047 mission of GoI.

At its core, #ChitthiAayiHai reinforces CoverSure’s belief that insurance delivers its full value only when the people it is intended to protect understand how to access it when it matters most.