Category: Business

  • UTHealth Houston School of Dentistry research launches to the International Space Station aboard SpaceX CRS-34 mission

    Research from UTHealth Houston School of Dentistry is orbiting Earth aboard the International Space Station as part of an innovative project studying how to preserve bone health in space.

    The project, known as VIBES — Vibration-Induced Bone Exercise Stimulation — will examine whether low-intensity vibration can help counteract the aging-like bone loss associated with microgravity.

    The study uses 3D-printed tissue-engineered bone marrow analogs designed to model the effects of aging and bone loss in space. Researchers aim to better understand whether low-intensity mechanical vibration can serve as a countermeasure to preserve bone tissue during extended spaceflight.

    Some samples aboard the International Space Station will receive low-intensity vibration twice daily during the 21-day mission, while others will serve as non-stimulated controls for comparison.

    Launched May 15 aboard SpaceX’s CRS-34 resupply mission from Cape Canaveral Space Force Station in Florida, the experiment will operate aboard the International Space Station for 21 days using Space Tango’s automated bioreactor system.

    Led by Gunes Uzer, PhD, of Boise State University’s College of Engineering, the $1.2 million National Science Foundation-funded project includes researchers, graduate students, and undergraduate students from multiple institutions, including Rice University and Rensselaer Polytechnic Institute.

    Representing the School of Dentistry on the interdisciplinary research team are Mary C. “Cindy” Farach-Carson, PhD, professor and associate dean for research, and Danielle Wu, PhD, assistant professor, from the Department of Diagnostic and Biomedical Sciences.

    “This project represents an exciting opportunity to study bone biology in a completely unique environment,” Farach-Carson said. “The findings could have important implications not only for astronauts during long-duration missions, including missions to Mars or permanent stations on the moon, but also for aging populations and individuals experiencing bone loss here on Earth.”

    Microgravity conditions in space can accelerate bone deterioration, making astronauts more susceptible to fractures and other skeletal complications. Researchers hope the study will provide insights into strategies that may reduce those effects and contribute to future treatments for osteoporosis and age-related bone disease.

    Wu said the collaboration reflects the project’s interdisciplinary nature.

    “Participating in a project aboard the International Space Station underscores how collaboration among engineers, biomedical scientists, and biologists drives transformative discovery, all while preparing the next generation of researchers to work seamlessly across disciplines to solve complex health challenges,” Wu said.

    The VIBES mission brings together expertise in tissue engineering, biomechanics, space biology, and regenerative medicine, with the goal of advancing human health in space and on Earth.

    The SpaceX Falcon 9 rocket carrying the Dragon spacecraft launched at 5:05 p.m. CT on May 15. After an approximately 36-hour flight, Dragon autonomously docked with the International Space Station on May 17.

  • IOC Continue Fuel Supplies of Petrol, Diesel and LPG Amid Demand Surges

    Pune/Mumbai, May 23: Indian Oil Corporation Limited continue operations and logistics coordination across the country to ensure uninterrupted availability of Petrol (MS), Diesel (HSD) and LPG amid increase in fuel demand in several regions.

    In recent days, IndianOil have witnessed significantly higher offtake of petroleum products as apparent from the table below. 

    State

    Major Districts

    IOC HSD – RETAIL (1st to 21st May)

    CY

    LY

    % Growth over last year

    Maharashtra

    Nashik

    12983

    10882

    19.3

    Akola

    3468

    2476

    40.0

    Nagpur

    14508

    11510

    26.0

    Washim

    3663

    2694

    36.0

    Yavatmal

    8298

    5814

    42.7

    Pune

    29666

    25854

    14.7

    Satara

    8140

    6058

    34.4

    Kolhapur

    6751

    4910

    37.5

    Ratnagiri

    2755

    2168

    27.1

    Sangli

    6921

    4636

    49.3

    SINDHUDURG

    1473

    1223

    20.4

    Sambhaji Nagar

    9599

    7791

    23.2

    Buldhana

    7086

    4962

    42.8

    Dhule

    6105

    4793

    27.4

    Jalgaon

    8141

    6825

    19.3

    Jalna

    4801

    3962

    21.2

    NANDURBAR

    2670

    2238

    19.3

    HINGOLI

    2319

    1495

    55.1

    LATUR

    5313

    3857

    37.7

    NANDED

    7500

    4351

    72.4

    PARBHANI

    5124

    3277

    56.4

    OSMANABAD

    4702

    3031

    55.1

    SOLAPUR

    10208

    7287

    40.1

    Mumbai

    6559

    6172

    6.3

    Maharashtra (Total)

    262235

    204996

    27.9

    The enhanced demand is being driven by various factors, such as seasonal tilling and harvesting activities across rural agricultural belts. Also, due to the price difference between suppliers other than PSU’s, there is movement of customers to Public Sector Retail Outlets and additional demand has also emerged due to migration of institutional and commercial consumers to retail fuel outlets.

    IndianOil continues to maintain uninterrupted supplies through their extensive nationwide network of terminals, depots, pipelines, LPG bottling plants and retail outlets. Supply teams, transport networks, terminal operations and select Retail Outlets are functioning round the clock to ensure seamless product movement and timely replenishment across markets. IndianOil is maintaining close coordination with state administration for seamless fuel supplies.

    IndianOil would like to reassure consumers that adequate stocks of PetrolDiesel and LPG are available across the country, and all necessary measures are being taken to maintain smooth and uninterrupted supplies.

    Citizens are advised to continue with normal purchasing behaviour and avoid panic buying. Consumers are also requested to rely only on official communications issued by authorised agencies of IndianOil for accurate information related to fuel availability.

  • Sun Pharma reports Q4 & full year results for FY26

    Mumbai, May 23: Sun Pharmaceutical Industries Limited (Reuters: SUN.BO, Bloomberg: SUNP IN, NSE: SUNPHARMA, BSE: 524715) reported financials for the fourth quarter ending March 31st, 2026.

    Highlights of Q4FY26 consolidated financials*

    ·         Sales at Rs. 145,598 million, a growth of 13.6%

    ·         Global Innovative Medicines** sales at US$ 354 million.

    ·         Global Innovative Medicines sales up 20.1%, accounting for 22.2% of sales.

    ·         EBITDA was Rs. 39,542 million, up 6.4%. EBITDA margin was 27.1%.

    ·         Net profit was Rs. 27,140 million, up 26.2%

    ·         R&D investment was Rs. 9,757 million at 6.7% of sales

    Highlights of FY26 consolidated financials*

    ·         Sales at Rs. 582,201 million, a growth of 11.9%

    ·         Global Innovative Medicines** sales at US$ 1,420 million

    ·         Global Innovative Medicines sales up 16.4%, accounting for 20.7% of sales, both Ex-milestone.

    ·         EBITDA was Rs. 177,314 million, up 16.1%. EBITDA margin was 30.3%.

    ·         Net profit was Rs. 114,794 million, up 5.0%

    ·         R&D investment was Rs. 35,540 million at 6.1% of sales 

    These results were taken on record by the Board of Directors at a meeting held today. The Board has proposed a final dividend of Rs. 5.00 per share for the year FY26. This is in addition to the interim dividend of Rs. 11.00 per share paid in FY26, taking the total dividend for FY26 to Rs. 16.00 per share, same as FY25.

     

    Kirti Ganorkar, Managing Director of the Company, said, “Our full-year performance reflects several significant achievements. Sun’s 0.3 percentage point gain in the India market is our highest gain since the Ranbaxy acquisition. Our U.S. Innovative Medicines business has surpassed USD 1 billion in revenues, while Ex-US Innovative Medicines continues to demonstrate strong growth momentum. The recently announced Organon acquisition is expected to further accelerate Sun’s transformation into a leading global pharmaceutical company.”

    India Formulations

    Formulation sales in India were Rs. 48,359 million, registering a growth of 14.8%. India Formulation sales accounted for 33.2% of total consolidated sales. For the full year FY26, sales were Rs. 192,904 million, growing 14%.

    Sun Pharma continues to be India’s No. 1 Pharma Company. Sun’s market share increased from 8.1% to 8.4%, as per the Pharmarack MAT Mar-2026 report. As per SMSRC (Nov-Feb 2026) report, Sun Pharma enjoys No.1 ranking by prescriptions in 11 different doctor categories. The company launched 11 new products during the quarter and 37 products in the full year.

    US Formulations

    Formulation sales in the US were US$ 459 million, lower by 1.1%. Innovative Medicines continued to grow offsetting the decline in generics business. US sales accounted for approximately 28.8% of total consolidated sales. For the full year FY26, sales were US$ 1,904 million.

    Emerging Markets (EM) Formulations

    Emerging Markets formulations sales were US$ 306 million, up by 17.4% and accounted for 19.2% of total consolidated sales. For the full year FY26, sales were US$ 1,265 million, growing 13.6%.

    Rest of World (ROW) Formulations

    Formulation sales in Rest of World markets were US$ 220 million, up by 10% and accounted for 13.8% of total consolidated sales. For the full year FY26, sales were US$ 969 million, up 14.4%.

    Innovative Medicines

    Global Innovative Medicines sales were US$ 354 million for Q4FY26, up 20.1% and accounted for 22.2% of sales. For the full year FY26, sales were US$ 1,420 million, up 16.8%.

    Active Pharmaceutical Ingredients (API)

    Our API portfolio supports our formulation business and API customers across geographies. External sales of API were Rs. 6,739 million, up 26.4%. For the full year FY26, API sales were Rs. 21,853 million, up 2.6%.

    R&D Update

    Sun Pharma’s R&D efforts span across both innovative and generic businesses and the company continues to invest in building the pipeline for various markets. Sun’s innovative R&D pipeline includes five novel entities in clinical stage. Sun has a comprehensive product offering in the US market consisting of approved ANDAs for 552 products while filings for 122 ANDAs await US FDA approval, including 28 tentative approvals. During the quarter, 7 ANDAs were filed, and approval received for 2 ANDAs.

    Sun’s portfolio includes 57 approved NDAs while 13 NDAs await US FDA approval.

  • ICAI Inaugurates second edition of Digital Transformation Finance Summit 2026

     

    ICAI Inaugurates second edition of Digital Transformation Finance Summit 2026

     

     
    May 23: The Institute of Chartered Accountants of India (ICAI), through its Digital Accounting and Assurance Board (DAAB) today inaugurated the second edition of its flagship event, Digital Transformation Finance Summit (DxFS) 2026. The event is scheduled on 22nd & 23rd May 2026 at Hyderabad.
     
    The Summit is deliberating on emerging challenges and opportunities in the digital economy, while creating awareness, collaboration and preparedness in areas such as cybersecurity, digital personal data protection, forensic accounting, information systems audit and cybercrime prevention. It also aims to strengthen digital trust and promote technology-driven assurance frameworks.
    DxFS 2026 is being organised in association with the Indian Cyber Crime Coordination Centre (I4C, MHA); National e-Governance Division (NeGD, MeitY); National Forensic Sciences University (NFSU\, MHA) and Association of Certified Fraud Examiners (ACFE, US). Hyderabad Software Enterprises Association (HYSEA) and TiE Hyderabad are associated as Ecosystem Partners.
     
    The Inaugural Session was graced by Shri Duddilla Sridhar Babu, Hon’ble Minister for Information Technology, Electronics & Communications, Industries & Commerce and Legislative Affairs, Government of Telangana, in presence of CA. Charanjot Singh Nanda, Immediate Past President, ICAI, CA. Dayaniwas Sharma, Chairman, DAAB, ICAI, CA. Arpit Kabra, Vice-Chairman, DAAB, ICAI and Central Council Members of ICAI. Also present were Management Committee Members of Hyderabad Branch of ICAI.
     
    In his inaugural address, Hon’ble Minister highlighted the growing importance of digital transformation and said “The future of financial systems will be driven not only by finance and regulation, but also by cybersecurity, artificial intelligence, digital governance, and emerging technologiesTrust will become the strongest currency in the digital age, and Chartered Accountants will play a vital role in building secure, transparent and digitally resilient financial institutions and we will engage with ICAI on all these areas.”
     
    A major highlight of the first day was the introduction of DISA 4.0, the upgraded version of ICAI’s Post Qualification Course on Information Systems Audit. DISA 4.0 has been designed as a future-ready programme to equip Chartered Accountants with advanced capabilities in Cybersecurity Audit, Data Protection, Risk, Cloud Audit, Technology Risk Management, Regulatory Compliance and Digital Trust. The upgraded programme adopts a practical, modular and blended learning approach supported by hands-on labs, case studies, audit simulations and contemporary technology assurance frameworks.
    The Summit witnessed participation from eminent dignitaries, regulators, law enforcement agencies, banks, financial institutions, technology organisations, academia, industry leaders and members of the accountancy profession. Various speakers and experts deliberated on critical areas such as Digital Transformation in Finance, Cybersecurity, Digital Personal Data Protection, Forensic Accounting, Financial and Cyber Crimes, Information Systems Audit, Artificial Intelligence, Data Analytics, Digital Trust and Technology-driven Assurance.
     
    During the sessions, experts discussed the changing risk landscape arising from cyber frauds, deepfakes, digital arrests, crypto frauds, data breaches, digital evidence and technology-driven financial crimes. The deliberations underlined the need for strong digital assurance frameworks, enhanced professional competencies and closer collaboration among regulators, enforcement agencies, industry and professionals.
    The event also featured a special address by Shri Anand Mohan Bajaj, Hon’ble Deputy Comptroller & Auditor General, Commercial & Report Central, who shared valuable insights on how the CAG is adopting Technology and transforming in Digital Era.
     
    The first day of DxFS 2026 provided a meaningful platform for dialogue on emerging risks, regulatory expectations and professional opportunities in the digital economy. The Summit will continue on 23rd May 2026 with further technical sessions and panel discussions on cybersecurity, forensic accounting, digital investigations, data protection and future-ready assurance services.
     
    To fight the growing threats of digital fraud, cyber crimes and strengthen online governance, ICAI has been proactively preparing the profession on emerging areas such as Forensic Accounting, Information Systems Audit, Cybersecurity, Data Protection, Data Analytics and Digital Assurance. Through its initiatives, ICAI is equipping Chartered Accountants to play a greater role in enhancing digital trust, strengthening governance frameworks and supporting technology-driven assurance. Further, ICAI has issued Forensic Accounting and Investigation Standards as well as Information Systems Audit Standards to promote greater quality, consistency and credibility in digital assurance and investigation assignments.
  • IIT Roorkee Signs Two Technology Transfer Agreements for Advanced Li-ion Battery Electrode Technologies

    IIT Roorkee Signs Two Technology Transfer Agreements for Advanced Li-ion Battery Electrode Technologies

    Uttarakhand, Roorkee, May 22: Indian Institute of Technology Roorkee has signed two Technology Transfer Agreements for innovative lithium ion battery electrode technologies developed by Prof. Anjan Sil, marking another significant step toward strengthening India’s advanced energy storage ecosystem. Both technologies have been transferred to Cathion Energy Private Limited for further development and commercialisation.

    The two transferred technologies are titled:

    1.      A Novel Electrode Composite for High Power and High Energy Application in Rechargeable Lithium-ion Battery

    2.      A High-Performance Composite Electrode for Liion Battery

    These technologies focus on enhancing the electrochemical performance, energy density, charging capability, and overall efficiency of rechargeable lithium-ion batteries. The innovations are expected to contribute toward the growing demand for efficient and sustainable energy storage solutions across sectors, including electric mobility, portable electronics, and renewable energy systems. 

    Speaking on the occasion, Prof. Anjan Sil, inventor of both technologies, said, “The transfer of these technologies represents an important step toward translating laboratory-scale research into impactful industrial applications. Our objective has been to develop advanced electrode materials that can address the increasing demand for high-performance and reliable energy storage systems.”

    Dr Hari Raj, CEO, Cathion Energy Private Limited, expressed enthusiasm regarding the collaboration and stated, “We are pleased to collaborate with IIT Roorkee for the commercialisation of these advanced Liion battery technologies. The innovations hold strong potential for improving battery performance and supporting the rapidly evolving energy storage and electric mobility sectors.”

    Prof. Vivek K. Malik, Dean, Sponsored Research & Industrial Consultancy (SRIC), Indian Institute of Technology Roorkee, commented, “Technology transfer is a critical component of the innovation ecosystem at IIT Roorkee. Such collaborations facilitate the translation of cutting-edge research into real-world solutions and contribute significantly toward industrial advancement and national technological growth.”

    Prof. Kamal K. Pant, Director, Indian Institute of Technology Roorkee, stated, “IIT Roorkee remains committed to fostering impactful research and promoting industry-academia collaboration. The transfer of these battery technologies reflects the institute’s continued efforts toward supporting innovation in strategic and emerging sectors.”

    The technology transfer agreements were facilitated by the Intellectual Property Rights Cell of SRIC at IIT Roorkee, reinforcing the institute’s commitment to promoting innovation, entrepreneurship, and industry engagement.

  • Discover the Subtle Artistry of Dim Sums at Sian, Vivanta Chennai, IT Expressway

     

    Discover the Subtle Artistry of Dim Sums at Sian, Vivanta Chennai, IT Expressway

     

    May 22: The delicate artistry of dim sums takes centre stage this season at Sian, the contemporary Southeast Asian restaurant at Vivanta Chennai, IT Expressway, as it presents a specially curated Dim Sum Festival this month. Bringing together the comforting warmth of handcrafted dumplings and pillowy baos, the festival is a celebration of oriental culinary traditions, elevated with refined flavours, elegant presentation and contemporary flair.
     
    The menu journeys through an indulgent selection of handcrafted dim sums, beginning with seafood favourites such as the delicate Prawn Har Gao, flavourful Seafood Dumpling and luscious Crab Meat Dumpling. Poultry lovers can savour comforting bites like Chicken Siu MaiChicken Basil Dumpling and pan-fried Chicken Kothey, while those who love lamb can indulge in Lamb & Orange Zest Dumpling and Pan-Fried Lamb Dumpling. The festival also features a thoughtfully crafted vegetarian selection that highlights fresh produce and bold flavour pairings. Diners can enjoy the earthy elegance of the Edamame & Truffle Oil Dumpling, the crunch and sweetness of Broccoli, Water Chestnut & Corn Dumpling, and the vibrant Bok Choy & Jalapeno Dumpling. Other highlights include Wild Mushroom DumplingVegetable Crystal Dumpling and the Asparagus & Pine Nut Dumpling, bringing together wholesome ingredients with delicate craftsmanship.
     
    Complementing the dim sums is an indulgent bao selection that blends soft, fluffy textures with robust fillings. Signature offerings include the Chilli Chicken BaoChilli Lamb Bao and the classic Char Siu Bao filled with succulent pork. Vegetarian diners can relish creations such as the Triple Mushroom Delight BaoSpinach & Golden Garlic Bao and Cottage Cheese Bao, each layered with comforting flavours and rich textures.
    For guests looking to sample a wider variety, the specially curated Dim Sum and Bao Platters present an ideal way to experience the festival’s highlights in a single meal.
    Served in an elegant setting that reflects the spirit of contemporary Southeast Asian dining, the Dim Sum Festival at SianVivanta Chennai, IT Expresway promises a memorable culinary experience.
     
    SianVivanta Chennai, IT Expressway  |   May 22 – 31, 2026  |  Lunch and Dinner | Please call 044 6680 2500 for more details and table reservations.
  • Bhooter Raja Dilo Bor Inaugurates Its 19th Outlet in Bengaluru’s Koramangala Amid Grandeur and Cultural Celebration

    Bangalore: The grand inauguration of the 19th outlet of Bhooter Raja Dilo Bor was successfully held in Koramangala, marking a significant milestone in the brand’s continued expansion.

    The evening was graced by renowned personalities including actor and singer Ambarish Bhattacharya, actor, director, and singer Anirban Bhattacharya, and acclaimed artist Sreenanda Shankar, whose presence added to the celebratory spirit of the occasion.

    Bhooter Raja Dilo Bor Inaugurates Its 19th Outlet in Bengaluru’s Koramangala Amid Grandeur and Cultural Celebration

     

    The inauguration ceremony, illuminated with traditional lamps, reflected a vibrant blend of culture, music, and celebration. The guests of honour marked the occasion with heartfelt interactions and engaging performances, creating a memorable evening for all attendees.

    Speaking on the occasion, Mr. Rajib Paul, the driving force behind the brand, shared his vision of bringing the rich culinary heritage of Bengal to audiences across India and beyond. His continued commitment to authenticity and innovation has been instrumental in the brand’s growing success.

    Bhooter Raja Dilo Bor Inaugurates Its 19th Outlet in Bengaluru’s Koramangala Amid Grandeur and Cultural Celebration

     

    Bhooter Raja Dilo Bor is not just a restaurant; it is an emotion deeply connected to Bengal’s culture, nostalgia, and flavours. With every new outlet, our vision is to bring people closer to authentic Bengali culinary experiences while preserving the warmth and spirit of our heritage,” said Rajib Paul.

    Inspired by the imaginative worlds of Bhooter Raja and Shundi Raja, the new outlet in Koramangala has been thoughtfully designed to reflect the charm, warmth, and cultural essence of Bengal.

    Bhooter Raja Dilo Bor Inaugurates Its 19th Outlet in Bengaluru’s Koramangala Amid Grandeur and Cultural Celebration

     

    With this launch, Bhooter Raja Dilo Bor continues its journey of celebrating authentic flavours and warm hospitality, welcoming food lovers from all backgrounds to experience its distinctive culinary offerings.

    The brand looks forward to strengthening its presence and continuing its growth across new markets in the coming years.

  • NMPA Indian Open of Surfing 2026 secures strong sponsor line-up

    NMPA Indian Open of Surfing 2026 secures strong sponsor line-up

    Mangalore, Karnataka, May 22: With Indian surfing preparing for its historic debut at the Aichi-Nagoya Asian Games in September, the seventh edition of the New Mangalore Port Authority (NMPA) Indian Open of Surfing 2026, has received a major shot in the arm, with leading corporate brands and Government bodies coming together to support one of India’s biggest surfing championships. Scheduled to be held from May 29 to 31, 2026, here at the Blue Bay Eco Beach in Tannirbhavi, the championship will be organised by the Surfing Swami Foundation and the Mantra Surf Club under the aegis of the Surfing Federation of India (SFI).

    The New Mangalore Port Authority (NMPA) has returned as the Title Sponsor for the third consecutive year, reaffirming its continued commitment towards the growth of surfing and coastal sports in the region. The renowned Cycle Agarbatti and skincare brand deconstruct have joined the championship as Gold Sponsors, with deconstruct also coming on board as the Official SPF Partner for the event, while the Karnataka Tourism Department, Department of Youth Empowerment and Sports, and the Karnataka Surfing Association continue their support towards the development of surfing in the state and the country. Northern Sky has also come on board as the Venue Partner for the event.

    The NMPA Indian Open of Surfing remains one of the most important stops on the national surfing calendar and is expected to play a crucial role in India’s preparations for the Asian Games later this year. The championship will serve as a key competitive platform for surfers aiming to strengthen their claims for places in the Indian contingent for the Aichi-Nagoya Asian Games 2026.

    Indian surfing has witnessed unprecedented growth in recent years, with Indian surfers securing the country’s first-ever qualification quotas for the Asian Games and delivering strong performances at the Asian Surfing Championships on the international stage. With surfing rapidly emerging as one of India’s fastest-growing coastal sports, events like the NMPA Indian Open of Surfing, are playing a key role in building the country’s competitive ecosystem.

    Speaking on behalf of the Karnataka Government, Mr. Darshan H.V., IAS, Deputy Commissioner and District Magistrate, Dakshina Kannada, said, “Karnataka has steadily emerged as one of India’s leading destinations for surfing and beach tourism. The continued success of the Indian Open of Surfing highlights the state’s growing stature as a hub for coastal sports, tourism and youth engagement. We are happy to support an event that celebrates both sport and the natural beauty of our coastline.”

    Reaffirming his support to the championship, Shri. Sushil Kumar Singh, IRSME, Chairperson, New Mangalore Port Authority, said, “The NMPA Indian Open of Surfing has grown into a nationally recognised sporting property over the years and we are proud to continue our support as the title sponsor. As a coastal institution deeply connected with the region, we believe the championship not only promotes sports but also showcases the immense tourism and cultural potential of coastal Karnataka.”

    Mr. Arjun Ranga, Managing Partner, NR Group & MD, Cycle Pure Agarbatti, also expressed happiness at the association saying, “We are delighted to associate with a progressive sporting property like the NMPA Indian Open of Surfing. Surfing reflects youthfulness, energy and aspiration, values that resonate strongly with our brand and its growing connection with younger audiences across the country.”

    Ms. Malini Adapureddy, Founder and CEO, deconstruct, weighed in on the immense potential of the sport and said, “Indian surfing is entering a very exciting phase with growing international recognition and participation. Supporting the NMPA Indian Open of Surfing aligns with our vision of encouraging emerging sporting cultures and backing athletes who are pushing boundaries for the country.”

    Mr. Rammohan Paranjape, Vice President, Surfing Federation of India, highlighted the importance of sponsor support for the sport’s growth when he shared, “The support extended by our sponsors and government stakeholders has played a major role in strengthening the surfing ecosystem in India. With the Asian Games approaching, events like the NMPA Indian Open of Surfing become extremely important in preparing our athletes for the international stage while also helping the sport reach newer audiences.”

    Over the years, the NMPA Indian Open of Surfing has established itself as one of India’s premier surfing championships, attracting top surfers from across the country while also significantly contributing towards the growth of surfing tourism in Karnataka. The championship has also played an instrumental role in positioning Mangalore and Karnataka among India’s leading surfing destinations.

    The 2026 edition is expected to witness participation from some of the country’s top surfers competing across multiple categories in what promises to be another landmark edition of India’s flagship surfing championship.

  • AD Ports Group Establishes Consolidated Multimodal Inland Logistics Network to Strengthen UAE Industrial Supply Chains

    Abu Dhabi, UAE – 22 May 2026: AD Ports Group (ADX: ADPORTS), a leading global enabler of trade, logistics and industry, announced the establishment of a consolidated, multimodal inland logistics network of rail-linked dry ports and cargo depots, including KEZAD Group’s Industry City of Abu Dhabi (ICAD). This network will position Khalifa Port and Fujairah Terminals as dual gateways for the UAE industry, while strengthening the movement of industrial cargo across the UAE and the wider region.

    In support of this effort, the Group signed Memoranda of Understanding (MoUs) with four leading UAE manufacturers, Emirates Global Aluminium (EGA), EMSTEEL Group, Al Ghurair Iron & Steel, and Tenaris, positioning them as anchor industrial cargo clients of AD Ports Group’s rail-linked inland logistics network.

    AD Ports Group Establishes Consolidated Multimodal Inland Logistics Network to Strengthen UAE Industrial Supply Chains

    The network aims to facilitate the efficient movement of industrial inputs, finished goods and strategic cargo across the UAE. It will connect Khalifa Port and Fujairah Terminals to rail-linked inland dry ports, ICAD, and cargo depots across the UAE, creating a more integrated logistics backbone that supports seamless flows between production sites, inland markets and regional trade corridors.

    Designed to enhance supply chain performance, the network will enable more reliable inbound flows of industrial feedstock and raw materials to UAE manufacturers, whilst offering greater flexibility for outbound distribution of finished and semi-finished goods, through multiple inland and gateway options, strengthening corridor resilience, reducing reliance on single gateways, and improving access to the UAE and regional markets. 

    Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said: “Through establishing a consolidated, multimodal inland logistics network, anchored by the UAE’s leading industrial champions, we aim to further strengthen the UAE’s industrial logistics backbone. This network will connect Khalifa Port and Fujairah Terminals to a rail-linked network of inland dry ports and cargo depots, enhancing commercial use of the UAE’s national rail infrastructure. It will also provide improved access to industrial inputs, greater export flexibility, and long-term competitiveness for national supply chains, in line with the vision of our wise leadership.”

    By strengthening inland cargo connectivity between ports, industrial zones and end markets, the consolidated network will support the UAE’s industrial growth agenda, improving trade corridor optionality for strategic cargo across the UAE and the wider region. Its benefits will extend to manufacturers and industries across KEZAD and other UAE industrial sectors, enabling more efficient access to raw materials and streamlined export of finished goods through Khalifa Port and Fujairah Terminals as key gateways.

  • ideaForge’s Q6 V2 GEO Receives DGCA Type Certification for Enterprise Mapping and Geospatial Operations

    ideaForge’s Q6 V2 GEO Receives DGCA Type Certification for Enterprise Mapping and Geospatial Operations

    Mumbai, May 22: ideaForge Technology Limited, India’s leading UAV technology company, today announced DGCA Type Certification for the Q6 V2 GEO, a multi-purpose enterprise and geospatial UAV designed for advanced surveillance, mapping, inspection, and multi-sensor aerial data acquisition, under the Drone Rules, 2021, in the Small category (2 to 25 kg).

    The Q6 V2 GEO addresses the growing demand for reliable aerial surveillance, mapping, surveying, and geospatial data acquisition across enterprise and government operations, spanning infrastructure, mining, utilities, urban planning, forestry, agriculture, environmental monitoring, and disaster response.

    Launched at PRAGYA 2025 as part of ideaForge’s geospatial technology initiatives, the platform supports five payload configurations: LiDAR, LiDAR with RGB imaging, high-resolution photogrammetry, 3D oblique imaging, and dual (day & night) payload operations. The platform is suited for applications such as perimeter surveillance and patrolling, terrain modelling, corridor mapping, volumetric analysis, infrastructure inspection, environmental assessment, glacier and avalanche mapping, river basin conservation, rural land digitisation, and high-resolution heritage and terrain documentation across challenging environments.

    The Q6 V2 GEO is part of ideaForge’s complete enterprise and geospatial stack, operating with the BlueFire Touch ground control system for terrain-adaptive mission planning and multi-UAV coordination, and FLYGHT CLOUD for video data analysis, mission data management, and processing orthomosaics, point clouds, NDVI layers, and 3D terrain models in the cloud. Together, the platform and the stack deliver an end-to-end workflow from flight to certified data output.

    Commenting on the milestone, Mr Ankit Mehta, Co-founder & CEO, ideaForge Technology Limited, said: “We are pleased that Q6 V2 GEO has received DGCA Type Certification. The platform has been developed to address the growing need for reliable aerial intelligence, surveillance, mapping, and geospatial data acquisition across enterprise and government applications supporting safety, security, and governance operations. With support for advanced payloads including LiDAR, Q6 V2 GEO is designed to operate in demanding environments while enabling high-quality data capture for a wide range of surveying, mapping, and inspection workflows.”

    With up to 45+ minutes of flight time, the Q6 V2 GEO is designed to support demanding survey and mapping operations across varied terrain and operational environments. This certification further expands ideaForge’s portfolio of DGCA-certified UAV platforms deployed across defence, homeland security, civil, and enterprise applications.