Category: Business

  • InnoVision Marketing Group Earns National Spotlight with Dual Wins at Chief Marketer IGNITE Awards

    SAN DIEGO, June 3, 2026: Nationally recognized marketing agency InnoVision Marketing Group earned two top honors at the inaugural Chief Marketer Network IGNITE Awards, recognizing the agency’s standout work across public relations and digital marketing. The full-service agency received awards in the “Best Press Event” and “Best Website/Microsite” categories, underscoring its integrated approach to strategic storytelling and creative execution. 

    InnoVision’s two Chief Marketer Network IGNITE Awards highlight the agency’s excellence in modern marketing and communications, recognizing its creativity, innovation, strategic impact and execution across multiple sectors. Backed by respected industry brands such as Chief Marketer and PRNEWS, the awards reinforce the San Diego based agency’s ability to compete at a high level alongside nationally recognized brands and agencies, including fellow 2026 IGNITE Award winners Bose, Levi’s and ESPN, among others. 

    InnoVision’s “Best Press Event” win showcases the agency’s impactful public relations work in partnership with Herman Law, a national law firm dedicated to representing survivors of childhood sexual abuse. In coordination with the Herman Law team, InnoVision’s public relations department developed and executed a press conference to raise awareness around proposed Maryland legislation that threatened to limit legal protections for survivors of sexual abuse seeking justice. The campaign spotlighted survivor voices while generating meaningful media attention and informed public dialogue surrounding the issue. 

    The agency also earned recognition in the “Best Website/Microsite” category for its revamped website. Designed to better reflect the agency’s full-service capabilities, the site features a bold visual identity, intuitive user experience and curiosity-driven storytelling strategy that encourages visitors to explore InnoVision’s work, culture and Anti-Agency® approach that makes it a differentiator in the market. 

    “Our PR and digital teams continue to demonstrate what’s possible when talented people unite around meaningful work and a shared vision,” said Ric Militi, CEO/Executive Creative Director of InnoVision Marketing Group. “From helping elevate important social issues and survivor advocacy to building bold, impactful digital experiences that reflect who we are as a brand, these awards represent the power of extraordinary communication, collaboration, passion and purpose-driven creativity. I could not be more proud of our teams and the impact they continue to make together.” 

    The success of both campaigns is a testament to InnoVision’s dedicated in-house marketing team, which delivers a full spectrum of integrated marketing services through 12 specialized departments spanning branding, media, creative, public relations and digital. Named one of Inc.’s 5000 fastest-growing companies for 2025, InnoVision continues to evolve and expand while remaining deeply committed to exceptional client service. By operating as a seamless extension of each client’s internal team, the agency provides tailored marketing solutions designed to support evolving business goals, meet unique client needs and drive measurable impact. 

  • The FIFA World Cup Spending Index: Which Category Do You Fall Into?

    The upcoming FIFA World Cup is expected to be the largest commercial sporting event in history, with FIFA projecting record-breaking $13 billion in revenue across the 2026 tournament cycle. But beyond the goals, rivalries, and celebrations lies something even bigger: a global emotional economy that changes consumer behaviour in real time.

    A new study by Click Intelligence explores how football increasingly influences spending habits, hospitality demand, advertising engagement, retail behaviour, and social commerce during major tournaments. 

    From stress spending during penalty shootouts to celebration spending after dramatic victories, the emotional highs and lows of football are driving measurable shifts in how consumers spend money.

    The report identifies a growing behavioural trend known as “emotional spending,” in which consumers make impulsive purchasing decisions influenced by excitement, anxiety, national pride, social participation, and emotional volatility during live sporting events.

    Key Stats

    • FIFA predicts the 2026 World Cup will generate a record-breaking $13 billion in revenue, making it the most lucrative sporting event in history. 

    • Americans spent $19 billion across restaurants, transport, and accommodation during the 2025 Super Bowl. 

    • Spending within 1km of English football stadiums rises by an average of 4.1% on matchdays. 

    • Average football fan spending reaches £138 per matchday outside of ticket costs alone. 

    • 37% of Gen Z and 39% of Millennials admit to “doom spending” during periods of emotional or economic stress. 

    • 74% of sports fans now follow sport through social media, turning tournaments into real-time digital commerce events. 

    • 49% of Gen Z notice advertising more during sporting events. 

    • Restaurant and bar spending near the Champions League Final increased by 7.4% during the event. 

    • FIFA’s revenues are expected to rise by 73% by the end of the current World Cup cycle. 

    • Fans continue spending billions supporting teams despite ongoing cost-of-living pressures. 

    Football: Emotional Economy

    Football is no longer simply entertainment. Major tournaments now function as large-scale emotional economies capable of influencing how consumers spend, travel, socialise, and engage with brands in real time.

    During events like the FIFA World Cup, emotional intensity rises dramatically. Excitement, anxiety, tribal loyalty, optimism, disappointment, and fear of missing out all contribute to impulsive consumer behaviour that businesses can increasingly track through measurable spending patterns.

    The more emotionally invested fans become, the more reactive their spending behaviour becomes.

    Click Intelligence’s research identified four major emotional spending behaviours that consistently emerge during major football tournaments.

    1. Celebration Spending

    Winning drives reward-based spending behaviour.

    Last-minute goals, qualification victories, dramatic comebacks, and major upsets regularly trigger spikes in:

    • Food delivery orders 

    • Pub and bar spending 

    • Merchandise purchases 

    • Transport demand 

    • Nightlife activity 

    • Group spending behaviour 

    This behaviour mirrors the emotional release fans experience after positive sporting moments.

    The scale of this effect is already measurable. Americans spent $19 billion during the 2025 Super Bowl across restaurants, accommodation, and transport, while the average football fan now spends £138 per matchday, excluding ticket costs.

    Football victories increasingly create short-term “celebration economies” where emotional highs temporarily override budgeting habits.

    1. Doom Spending & Stress Spending

    Football not only influences spending during victories. High-pressure moments can also trigger emotionally driven stress spending behaviour.

    Penalty shootouts, knockout fixtures, rivalry games, unexpected losses, and controversial refereeing decisions heighten emotional states, often leading consumers to seek comfort through spending.

    There will be increased spending on:

    • Takeaways 

    • Alcohol 

    • Impulse purchases 

    • Betting activity 

    • Convenience spending 

    • Emotional “treat” purchases 

    Research shows 37% of Gen Z and 39% of Millennials admit to doom spending during stressful periods, while more than a quarter of Americans report emotionally driven spending linked to economic anxiety.

    Football appears to temporarily amplify these same emotional spending behaviours during high-stakes tournament moments, particularly among younger audiences who are already more emotionally reactive consumers.

    1. Tribal & Identity Spending

    Football spending is increasingly identity-driven rather than purely practical.

    Fans spend money not only to support teams but to reinforce belonging, national identity, and participation within a wider fan community. During major tournaments, emotional loyalty frequently overrides budgeting concerns.

    This drives increased spending on:

    • Shirts and merchandise 

    • Flags and decorations 

    • Watch parties 

    • Travel 

    • Hospitality experiences 

    • Social events 

    Even during periods of economic pressure, supporters continue spending billions supporting clubs and national teams because football fandom is deeply tied to identity and emotional connection.

    The continued commercial growth of football reflects this behaviour. FIFA expects the 2026 World Cup to become the most commercially successful tournament in sporting history, highlighting the enormous financial power of tribal consumer behaviour.

    1. Social Media & Second-Screen Spending

    The modern World Cup experience is no longer confined to stadiums or television screens. Football has become a fully integrated social media event.

    Fans increasingly experience matches alongside:

    • TikTok reactions 

    • Live commentary 

    • Memes 

    • Highlight clips 

    • Influencer content 

    • Live betting apps 

    • Ecommerce promotions 

    This creates what Click Intelligence describes as “second-screen spending” — where emotional reactions on social platforms directly influence purchasing behaviour during live matches.

    The behavioural shift is especially visible among younger audiences:

    • 74% of sports fans now follow sport through social media 

    • 72% of Gen Z sports fans consume sports content socially 

    • 49% of Gen Z notice advertising more during sporting events 

    Emotionally heightened environments combined with algorithm-driven exposure create ideal conditions for impulsive purchasing behaviour, increased ad responsiveness, and real-time consumer engagement.

    Football’s Local Economic Impact

    Major football tournaments also generate substantial economic surges around stadiums, host cities, and fan zones.

    The emotional atmosphere surrounding matches creates measurable increases in:

    • Hotel demand 

    • Transport usage 

    • Restaurant spending 

    • Nightlife activity 

    • Tourism 

    • Local retail spending 

    Research already shows that spending within 1km of English football stadiums rises significantly on matchdays, while spending at restaurants and bars near the Champions League Final increased by 7.4%.

    As the 2026 World Cup expands across the United States, Mexico, and Canada, local economies are expected to experience unprecedented demand spikes throughout the tournament.

    Why Brands Care About Emotional Spending

    Emotionally heightened sporting moments create rare periods where consumer attention, social engagement, and impulsive purchasing behaviour peak simultaneously.

    For brands, this creates significant opportunities across:

    • Retail 

    • Hospitality 

    • Food delivery 

    • Ecommerce 

    • Betting 

    • Transport 

    • Travel 

    • Entertainment 

    Sporting emotion increases:

    • Advertising visibility 

    • Social engagement 

    • Brand recall 

    • Conversion opportunities 

    • Impulse purchasing behaviour 

    Businesses that understand emotional spending patterns are increasingly building campaigns around live sporting moments rather than relying solely on traditional advertising schedules.

    Expert Insight

    James Owen, Co-Founder of Click Intelligence, states:

    “Major football tournaments are becoming real-time emotional economies. The emotional volatility of sport increasingly shapes where consumers spend, how quickly they make purchasing decisions, and which brands successfully capture attention during high-pressure moments.

    The 2026 World Cup will likely become one of the largest emotional spending events ever measured, creating enormous opportunities for brands that understand how consumer behaviour changes during live sporting experiences.”

    Conclusion

    The FIFA World Cup is no longer just a sporting tournament. It has become one of the world’s largest emotional economies, capable of influencing consumer behaviour at enormous scale.

    From celebration spending after dramatic wins to stress spending during penalty shootouts, football increasingly shapes how consumers spend money in real time.

    As the 2026 World Cup approaches, businesses, marketers, retailers, and hospitality brands are preparing for what could become the most commercially influential sporting event the world has ever seen.

     

  • Naso Profumi Introduces the Attar Bag Charm: A Fragrant Keepsake for Everyday Rituals

    Naso Profumi Introduces the Attar Bag Charm: A Fragrant Keepsake for Everyday Rituals

     

    Naso Profumi reimagines the art of traditional attar-making with the launch of its Attar Bag Charm, a bespoke accessory designed to carry fragrance as an intimate part of everyday life. Encased in an intricately crafted silver exterior, the charm balances contemporary design with the heritage of Indian perfumery.

    At its heart lies a handcrafted attar created using rich botanical ingredients, chosen for both their olfactory beauty and grounding qualities. Inspired by the connection between scent, memory, and ritual, the fragrance unfolds gently through movement and touch, creating a personal sensory experience that lingers throughout the day.

    Designed to travel with its wearer, the charm releases delicate traces of fragrance through everyday moments, transforming scent into something instinctive and deeply lived-in. Whether accompanying long journeys, quiet mornings, or intimate evenings, it serves as both a meaningful accessory and a treasured keepsake.

    Founder Astha Suri shares, “We wanted to create something that felt intimate, emotional, and lasting, a piece that becomes part of your everyday rituals and memories. The Attar Bag Charm is designed to travel quietly with you, offering moments of comfort, grounding, and beauty wherever life takes you.”

    Available in scents including Oud Mud, Saffron Musk & Amber, Basil Infused in Sambac, Mint Infused in Rose & Lemon, Gardenia Marigold, Tabac, Tamarind, Pepper Wood, Sarawak Mazzo, Blackcurrant, and Palo Santo, each charm offers a unique fragrance journey rooted in craftsmanship and self-expression.

    Shopping Link:https://www.nasoprofumi.com/products/attar-copy

  • 121 Finance Crosses INR 10 Crore in GeM Sahay Disbursements, Strengthening MSME Access to Digital Credit

    Mumbai,  June 4 : 121 Finance, a  NBFC-Factor, has crossed INR 10 crore in cumulative disbursements through GeM Sahay, the credit facility integrated with the Government e-Marketplace . The company has disbursed over 2,600 loans to more than 400 MSMEs across 173 cities in 27 states, helping small suppliers access working capital against confirmed government purchase orders.

    Built on the Open Credit Enablement Network , GeM Sahay enables eligible MSMEs to access collateral-free, short-term financing in minutes by leveraging transaction data from government procurement orders. 121 Finance was the first lender to go live on GeM Sahay and remains the largest lender on the platform.

    The company has focused on serving small-ticket credit needs, often underserved by traditional lenders. Its collection-controlled lending model routes repayments through cash flows generated from government orders, enabling faster and more efficient underwriting while reducing credit risk. It has built its own technological backbone to meet high-volume micro-ticket transactions efficiently. With GeM Sahay, 121 Finance has shown how underwriting and disbursing loans of as small as INR 127 can be made possible by digital public infrastructure, demonstrating how even the smallest business finance needs can be met.

    Commenting on the milestone, Dr. Ravi Modani, Founder & Managing Director, 121 Finance, said:

    “India’s MSME ecosystem requires credit products that are aligned with business cash flows rather than traditional collateral-based lending. GeM Sahay demonstrates how digital public infrastructure and OCEN can make formal credit accessible to even the smallest enterprises. Our focus remains on enabling seamless, transaction-based working capital financing for MSMEs across the country. Our expertise in technology-enabled factoring and cashflow-based lending has enabled us to develop scalable financing solutions that align with the business cycles of MSMEs and provide access to formal credit where it is most needed.”

    According to GeM data, the platform crossed INR 5 lakh crore in Gross Merchandise Value during FY25 and has recorded cumulative transactions exceeding ₹18 lakh crore since inception. With over 11 lakh MSMEs registered on the platform, the opportunity for embedded, cash-flow-based financing continues to expand.

    Commenting on the broader significance of the initiative, Sagar Parikh, Core Volunteer at iSPIRT, the institution behind OCEN and India Stack, says,

     “GeM Sahay demonstrates how OCEN can enable highly personalised, cashflow-based lending at scale. By combining transaction-linked underwriting with controlled repayment mechanisms, it helps expand credit access while improving portfolio quality.”

    Industry stakeholders view GeM Sahay as one of the first scaled demonstrations of OCEN-enabled lending, showcasing how transaction-based underwriting can improve credit access for underserved businesses while maintaining portfolio quality.

    Adding to this, Rahul Bhaik, Volunteer, iSPIRT said

    “GeM Sahay is one of the first large-scale demonstrations of cashflow lending in India. It shows how verified transaction data can help deliver credit in minutes while creating better outcomes for MSMEs.”

    Building on its experience with GeM Sahay, 121 Finance is exploring opportunities to extend similar purchase-order-linked financing solutions across other government procurement ecosystems, further supporting MSME growth and financial inclusion.

  • NAREDCO Maharashtra Felicitates UPSC Achievers, Celebrates India’s Future Civil Servants

    NAREDCO Maharashtra Felicitates UPSC Achievers, Celebrates India’s Future Civil Servants

    Mumbai, June 04: Demonstrating its commitment towards youth empowerment and nation-building, NAREDCO Maharashtra and NAREDCO Pune took a noble initiative to encourage and support the felicitation of successful UPSC candidates at a special ceremony jointly organized by Yuva Utthan Foundation. For the past four years, NAREDCO Maharashtra has proudly supported this noble endeavour, recognizing the dedication and excellence of UPSC achievers while inspiring countless young aspirants to pursue careers in public service and contribute to India’s development. The event was held at the Yashwantrao Chavan Centre, Nariman Point, Mumbai, bringing together distinguished leaders from government, administration, industry and academia to celebrate the achievements of India’s future civil servants. 

    The programme was graced by eminent dignitaries including Shri Narayan Rane, Member of Parliament and Former Chief Minister of MaharashtraShri Satyajeet Tambe, Member of Legislative Council (MLC), MaharashtraDr. Niranjan Hiranandani, Chairman Emeritus, NAREDCO MaharashtraShri Sanjeev Jaiswal, IAS, Vice President & Chief Executive Officer, MHADA; Shri Mallinath Jeure, IRS, Additional Commissioner, GST; and Smt. Mokshada Patil, IPS, Additional Commissioner of Police, Mumbai. 

    Addressing the gathering, Mr. Kamlesh Thakur, President, NAREDCO Maharashtra said, “The UPSC examination represents one of the highest standards of merit, perseverance and public service commitment in the country. Recognizing and honouring these achievers is an investment in India’s future leadership. Through such initiatives, we aim to inspire more young minds to contribute meaningfully to governance, policymaking, and nation-building.” 

    Dr. Niranjan Hiranandani, Chairman Emeritus, NAREDCO Maharashtra stated, “The success of these young achievers reflects not only academic excellence but also resilience, discipline and a strong sense of responsibility towards society. India’s progress depends on capable and ethical administrators who can drive positive transformation. We are proud to celebrate these future leaders who will play a vital role in shaping the nation’s development journey.” 

    Mr. Rajan Bandelkar, Founder of NAREDCO Maharashtra remarked, “The milestone achievements of UPSC aspirants reflect the immense potential of India’s youth and their dedication towards public service. It is important that society recognizes and encourages such talent. Platforms like these not only honour excellence but also motivate future generations to pursue careers that strengthen governance, public administration and national development.” 

    The felicitation ceremony served as a platform to acknowledge the hard work, determination and aspirations of successful candidates while encouraging thousands of young aspirants preparing to serve the nation through the country’s prestigious administrative services. 

    As a responsible industry body committed to social impact NAREDCO Maharashtra remains dedicated to supporting initiatives that promote education, leadership development and youth empowerment. Under its CSR initiatives, NAREDCO Maharashtra plans to undertake larger and more impactful programmes in the future to encourage greater participation among UPSC aspirants and young individuals aspiring to join India’s administrative and public service institutions. The organization also invites leading corporates and industry stakeholders to collaborate in these initiatives and contribute towards nurturing the next generation of public leaders who will shape the future of the nation.

  • India Surpasses 150 GW Solar Milestone as Sector Eyes Second-Largest Market Status in 2026: Rubix Data Sciences

    Mumbai, India, June 04: Against a backdrop of rising US-Iran tensions and surging oil prices that have once again exposed the world’s dependence on fossil fuels, India’s solar energy sector is entering a pivotal phase of expansion. Driven by strong policy support, rising consumer adoption, and rapid manufacturing scale-up, solar power is increasingly becoming central to India’s long-term energy security and sustainability strategy, particularly because it imports more than 85% of its crude oil requirements. Rubix Data Sciences has released its latest report titled Solar Energy Update” as part of its Rubix Industry Insights series. An update to the Solar Energy report published in March 2025, it provides a comprehensive assessment of India’s solar landscape, covering capacity additions, manufacturing dynamics, trade flows, government initiatives, and the investment environment.
     
    The report notes that FY2026 marks a watershed year for India’s solar growth. Cumulative installed solar capacity reached 150.26 GW as of 31 March 2026, crossing the 150 GW milestone. FY2026 also recorded the highest-ever annual solar addition of 44.61 GW, exceeding the government target of 34 GW and nearly doubling the previous record of 23.83 GW in FY2024–25. Over the decade from FY2016 to FY2026, annual capacity additions grew from 3.13 GW to 44.61 GW, a more than fourteen-fold increase. Distributed Renewable Energy from solar accounted for 16.3 GW or 36% of total additions, while the PPA route and C&I segment contributed 34% and 30% respectively.
     
    India has steadily improved its global standing from 9th place in 2015 to 3rd place in cumulative installed solar capacity by 2025, and is poised to become the world’s secondlargest solar market in 2026 in terms of annual installations.
     
    The report highlights significant regional concentration, with seven states accounting for approximately 85% of cumulative installed solar capacity. Rajasthan and Gujarat have consistently held the top two positions, while Maharashtra has risen sharply from 8th to 3rd place and Karnataka from 10th to 5th over the same period.
     
    On manufacturing, India added 119 GW of solar module capacity and over 9 GW of cell capacity in 2025, taking total module capacity to approximately 210 GW. This far exceeds domestic demand of 40-45 GW annually, with capacity utilisation falling to around 40%, down from over 70% in FY2023. The report notes that nearly 30 GW of existing capacity remains dependent on older MonoPERC technology, which is rapidly being displaced by next-generation TOPCon technology, heightening the risk of margin compression and consolidation among manufacturers unable to upgrade. Solar PV exports peaked at USD 1.97 billion in FY2024 before falling to USD 1.12 billion in FY2025, with 97% directed to the US, a dependency critically exposed when combined US tariffs exceeded 200% in April 2026. PV cell imports surged to USD 2.72 billion in the April 2025 to February 2026 period, up from USD 1.44 billion in the prior-year period , driven partly by front-loaded procurement ahead of the government’s mandatory domestic sourcing requirement for solar cells scheduled to take effect from June 2026. China’s share in India’s PV cell imports declined from 83% to 65% year-on-year, signalling gradual but meaningful supply chain diversification.
     
    The report also points to strong investor confidence, with India’s solar sector attracting nearly USD 2.37 billion in FDI in 2025, accounting for over 4% of total FDI inflows and roughly 76% of all non-conventional energy FDI.
     
    The report further details key government initiatives driving India’s solar transition. PM Surya Ghar: Muft Bijli Yojana, the world’s largest domestic rooftop solar programme, targets one crore household installations by March 2027 with approximately 22.7 lakh households covered as of January 2026 and nearly 10,000 installations carried out daily. The Union Budget 2026–27 allocated INR 220 billion to the scheme, a 181% increase from FY2024–25. The PLI scheme for solar PV modules, with a total outlay of INR 240 billion, has attracted approximately INR 529 billion in investments and 44,400 new jobs, while ALMM List-III for ingots and wafers, effective from June 2028, is set to deepen upstream domestic manufacturing integration.
     
    “India has delivered a genuinely historic year in solar, 150 GW crossed, 44.61 GW added in a single year, and a credible path to becoming the world’s secondlargest market. But the sector is now entering a more difficult chapter. Manufacturing capacity is running at roughly 40% utilisation, the US has effectively shut its door with tariffs above 200%, and nearly 30 GW of capacity is still based on the technology that the market is moving away from. The companies that survive the next three years will be those that integrate upstream, upgrade to TOPCon, and find markets beyond America. India’s solar ambition is real, but so is the consolidation ahead.” Tushar Bhaskar, President, Rubix Data Sciences.
    Looking ahead, India’s solar capacity is expected to reach 280–300 GW by 2030, in support of the national target of 500 GW of non-fossil fuel capacity, an ambition that will require annual installations to sustain a 50 GW trajectory consistently. Whether that trajectory holds will depend on how effectively the sector navigates its current structural challenges: absorbing manufacturing overcapacity, diversifying beyond the US export market, accelerating upstream integration, and scaling rooftop solar from a subsidy-driven programme into a self-sustaining household utility.
  • Meesho’s PRISM Brings Intent-Driven Discovery to 264 Million Indians

    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.

  • Odisha-Born Fintech iServeU Strengthens Bhubaneswar’s Position on India’s Digital Banking Map

    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

  • Japan Shifts to Active Defense in Economic Security, Expanding Regulatory Powers

    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.

    Japan Shifts to Active Defense in Economic Security, Expanding Regulatory Powers

     

    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.

  • RAKEZ intensifies industry engagement to support business resilience and continuity

    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.

    RAKEZ intensifies industry engagement to support business resilience and continuity

     

    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.