Category: Business

  • OS Studios Appoints Ishaan Arya as Country Manager for India Expansion

    OS Studios Appoints Ishaan Arya as Country Manager for India Expansion

     

    June 26; Bengaluru, India: OS Studios, the global fan experience agency born from gaming culture, today announced the appointment of gaming, esports and live events veteran Ishaan Arya as Country Manager for India. Arya will spearhead the agency’s expansion across newly established hubs in Bengaluru, New Delhi, and Mumbai.

    OS Studios, a Project Worldwide agency, recently entered the Indian market to deploy its signature ‘Fan Z’ playbook, bridging the experience gap for brands looking to integrate into South Asia’s rapidly evolving gaming, esports and live events ecosystem. The expansion leverages the established infrastructure and production capabilities of sister agency George P. Johnson (GPJ) India.

    “The future of gaming will be shaped by the communities that care about it most, and few markets embody that more than India,” said John Higgins, CEO of OS Studios. “To build something meaningful, you have to be part of the culture, not looking in from the outside. Ishaan understands that better than anyone. He’s exactly the kind of leader we want building the future of OS Studios in India.”

    OS Studios brings unparalleled global expertise, having delivered iconic experiential and broadcast campaigns like Call of Duty: Next, League of Legends Fanfest at Worlds, Major League Rugby, Ultimate Sevens, Red Bull Basement World Final, Red Bull Homeground 2025, TikTokLiveFest EU 2025, Riot Games’ Arcane Season 2 Launch Campaign, NBA 2K League, to name a few.

    In his new role, Arya will oversee all operations, drive strategic brand partnerships, and scale the agency’s local capabilities in the region.

    “Brands are investing heavily in Indian gaming, but true fan experience is too often an afterthought,” said Rasheed Sait, Chief Growth Officer for India and South Asia at Project Worldwide. “Alongside GPJ India’s experiential footprint, OS Studios will set a new standard for fan engagement in the region.”

    Arya brings over a decade of industry expertise to the role. He previously co-founded esports powerhouse The Esports Club and most recently served as Vice President of Partnerships at Nodwin Gaming, where he led Comic Con India.

    “A massive gap remains between brand intent and authentic community engagement in India,” said Arya. “I’m thrilled to leverage Project Worldwide and GPJ India’s operational strength to build culture-defining experiences for brands and fans alike.”

    His appointment signals OS Studios’ commitment to embedding hyper-local expertise into its global framework.

    Under Arya’s leadership, OS Studios India will offer full-service capabilities, including:

    Brand Strategy & Activation: Authentic integration blueprints for non-endemic brands.

    Live Event Operations: Large-scale experiential gaming and community activations.

    End-to-End Broadcast Production: World-class live streaming and event production.

    Creator Management: Cultivating and scaling local gaming influencer campaigns.

    Community Building: Developing and nurturing engaged fan communities around brands and IPs.

     

     

  • From City Heat to Island Bliss: CROSSROADS Maldives Invites GCC Travellers to Return to Paradise

    Maldives, 26 June 2026: Kicking off the summer holiday season, SAii Lagoon Maldives, Curio Collection by Hilton and Hard Rock Hotel Maldives invite GCC residents to swap the desert heat for the turquoise calm of the Indian Ocean with the newly extended offers designed around the region’s love of effortless luxury, privacy, family-friendly flexibility and seamless weekend travel. Created exclusively for the GCC and Türkiye markets, the offers elevate short stays with a suite of benefits designed around regional travel preferences.

    At SAii Lagoon Maldives, the ‘Lahthat Al-Nour’ (Moment of Light) package captures the bright, sun-drenched spirit of the Maldives and the ease of slipping into island time within minutes of landing. As a special benefit, all single-bedroom categories will welcome families with up to two children under 12. Other accommodation options range from interconnected rooms and spacious suites to multi-generational overwater villas where privacy, comfort and connectivity are perfectly balanced.  

    From City Heat to Island Bliss: CROSSROADS Maldives Invites GCC Travellers to Return to Paradise

     At Hard Rock Hotel Maldives, the offer’s name Mawsim Al-Music (Music Festival) nods to the brand’s legacy as a global icon of music-infused hospitality, which is brought to life through such benefits as nightly live performances, beachfront acoustic sessions, and brand’s signature Sound of Your Stay® programme, which offers in-villa Fender guitars, curated vinyl with a Crosley turntable, and mood-setting playlists. 

    With Lahthat Al-Nour and Mawsim Al-Music offers, stays of three nights and more offer the benefit of meal plan upgrades from half board to full board and from full board to all-inclusive. Children stay and dine for free from the kids’ menu, while adults can choose from 13 dining venues serving halal-certified meat, with cuisines ranging from Thai and Maldivian to Mediterranean. Guests also enjoy airport transfers; a one-time shisha session; express or complimentary spa treatments; a 30-minute photo session with a 5×7” print for capturing family or honeymoon moments; a floating breakfast for pool villa categories; and guided house-reef snorkelling. Staying active is easy with an outdoor pool, a fitness centre and the newly added GZ19 padel courts that bring the GCC’s favourite sport to the lagoon’s edge.

    As part of CROSSROADS Maldives, the country’s first fully integrated lifestyle destination, guests at both SAii Lagoon Maldives and Hard Rock Hotel Maldives can roam freely between two islands. A short stroll across a footbridge leads to The Marina @ CROSSROADS, home to upscale shopping; the legendary Hard Rock Café; the Marine and Maldives Discovery Centres for cultural and natural exploration; and Koimala & Maalimi’s Junior Beach Club and Camp, where children aged 4-15 stay creatively engaged.

    Just 15 minutes by speedboat from Velana International Airport, CROSSROADS Maldives is one of the Maldives’ most accessible retreats for travellers flying from Dubai, Riyadh, Doha, Kuwait or Muscat. For GCC guests seeking a quick but complete change of scenery, the resort offers a smooth transition from city pace to barefoot bliss.

    The offer is available for stays until 31 October 2026, ideal for summer getaways or autumn breaks. 

    Bookings are open until 31 August using SLMME26 for SAii Lagoon Maldives (rates from USD 880++ per night) and HRHME26 for Hard Rock Hotel Maldives (from USD 923++). 

    For more information, visit saiilagoonmaldives.com and https://hotel.hardrock.com/maldives

  • Historic Breakthrough: Ancient works recovered from carbonized Herculaneum scrolls

     By Lindsey Piercy

    NAPLES, Italy (June 25, 2026) — The Vesuvius Challenge has achieved a historic breakthrough in the recovery of the Herculaneum scrolls — revealing new texts, titles and authors unknown to history and ushering in a new era for the study of the ancient world.

    On Thursday, at the Biblioteca Nazionale di Napoli Vittorio Emanuele III — with Mount Vesuvius rising in the distance — lead researchers, collaborators and distinguished guests gathered to mark the milestone decades in the making.

    The achievement underscores both the scale of the scientific breakthrough and the extraordinary international collaboration that made it possible.

    It also marks a pivotal moment for a project the University of Kentucky has led for years — steadily advancing toward a goal many once thought impossible.

    “For nearly two millennia, many of these texts have been physically preserved but intellectually inaccessible,” Brent Seales, Vesuvius Challenge co-founder and the Stanley and Karen Pigman Chair of Heritage Science at the University of Kentucky, said. “Today — after years of interdisciplinary work combining advanced imaging, artificial intelligence (AI), academic research and an innovation contest — we are finally able to read them.”

    “Through this work, the University of Kentucky and its partners have become global leaders in digital heritage science — proving what is possible when innovation, collaboration and purpose come together,” University of Kentucky Provost Robert S. DiPaola said. “This breakthrough shows that when we unite advanced technology with shared purpose, we can recover the past and open the door to discoveries that will shape the future.”

    Among the discoveries:

    • Full virtual unwrapping of the surviving portion of PHerc. 1667 — revealing nearly 1.5 meters of text across 20 columns
    • Recovery of more than 70 columns of text from PHerc. 172, housed at Oxford’s Bodleian Library
    • Identification of completely new books from the ancient world by Epicurean philosopher Philodemus, including On Vices, Book 1 and On Gods, Book 8
    • Recovery of sufficient text to support new critical scholarly editions

    The findings represent the most significant revelation of text since the earliest attempts to physically open the scrolls more than two centuries ago.

    Scholars can now follow arguments, trace ideas across multiple columns and understand these works as complete compositions — rather than archaeological fragments.

    A Lost Library Begins to Speak Again

    Among the most significant breakthroughs announced is the recovery of substantial new text from PHerc. 1667 — a scroll housed in Naples, Italy.

    Researchers have now virtually unwrapped the surviving portion of the scroll — revealing nearly 1.5 meters of continuous text and approximately 20 columns of writing.

    “This scroll was deemed completely unreadable when part of it was opened in the 1980s,” Federica Nicolardi, assistant professor in papyrology at the Università degli Studi di Napoli Federico II, said. “While a few isolated letters were visible, overlapping layers obscured the writing, and the scroll was assigned a readability score of zero. But now, with virtual unwrapping, we can follow sustained arguments across multiple columns. That’s a transformational shift.”

    Nicolardi leads a team of Vesuvius Challenge papyrologists whose contributions are essential to both the creation of machine learning models and to the interpretation of text from the scrolls.

    Current team members include: Marzia D’Angelo, Killian Fleischer, Alessia Lavorante, Michael McOker, Maria Chiara Robustelli, Claudio Vergara, Rossella Villa.

    Nicolardi says PHerc. 1667 survives today as only part of a once-complete scroll. It measures approximately 8 centimeters in height — less than half the size of a typical Herculaneum roll — and about 2 centimeters in diameter. Historical records from 1782 describe it as a compressed but largely intact object, with the same height as today but with a diameter more than twice as large. Subsequent attempts to physically open it damaged its structure and reduced its size.

    “The scroll’s handwriting and internal references suggest the artifact dates from the second century B.C. or possibly from the late third century B.C. — making it one of the oldest scrolls in the collection,” she explained. “The date also places it firmly within the intellectual world of Hellenistic philosophy.”

    While the title and author remain unknown, both the early dating and its contents suggest a writer other than Philodemus of Gadara — the Greek philosopher whose works predominate the discoveries from Herculaneum papyri to date.

    “The Herculaneum collection does include other authors, such as Epicurus himself and other Epicurean authors whose dates fit the proposed chronology,” Lavorante said. “There are also books by the Stoic philosopher Chrysippus. So, it could be one of them — or someone entirely new.”

    According to the papyrological team’s analysis, the text does appear to be a philosophical treatise concerned with ethics, arts and human behavior, likely reflecting Stoic thought.

    “If this text had been found in Egypt or anywhere else, it would probably have been classified straight away as a Stoic text. The fact that it comes from a collection that is almost entirely Epicurean makes us more cautious in drawing conclusions,” Nicolardi added. “But if the text is indeed a Stoic treatise, Chrysippus would be a good candidate for authorship, and the mention in the text of Aristocreon, Chrysippus’ nephew and pupil, might point in the same direction.”

    As the third head of the Stoic school and one of its most influential thinkers, Chrysippus played a major role in shaping Stoic doctrine — yet very little of his own work survives. A new text that could plausibly be attributed to him would therefore be extremely important for understanding of early Stoicism. “This is not just a technical recovery — it’s the return of a philosophical voice,” Nicolardi said.

    The recovered text preserves discussions of core Stoic concepts, including ὁρμή (hormē), or impulse, understood as the drive to act common to both humans and animals. The author appears to warn against excessive impulse — ὁ πλεoνασμός κατὰ τὴν ὁρμήν (ho pleonasmos kata tēn hormēn — when reason fails to regulate behavior and leads to a harmful passion or diversion from one’s goals.

    Another key concept is φρόνησις (phronēsis), or practical wisdom — the set of intellectual activities that guide one to make the right choices and to choose virtues over vices. “When framed in a Stoic context, phronesis is the highest virtue a person can possess, the means to distinguish what is good from what is evil, as well as what is neither good nor evil,” Robustelli explained.

    In another passage, the author writes:

    “We will inquire into something, but we will not grasp it, if in some way we depart from ourselves and from our own nature.”

    “By ‘our own nature,’ the author appears to refer to human rationality and our innate inclination toward goodness (echoing Stoic philosophy), perhaps suggesting the use of reason and listening to one’s inner drive are leading and crucial principles for seeking knowledge and virtue,” Vergara said. 

    Additional Discovery: New Philodemus Text Identified

    A second major breakthrough announced is the identification of a new book title within PHerc. 139.

    In the final portion of the virtually unwrapped surface, papyrologists from the Vesuvius Challenge were able to read: Φ̣ι[λοδ]ή̣μου | περὶ θεῶν Η̅ — Philodemus, On Gods, Book 8.

    The overlined Η is understood as a book number.

    The presence of Philodemus’ name — the most extensively attested Epicurean philosopher in the Herculaneum library — allows scholars to date the scroll to between the first century B.C. and the first century A.D.

    The discovery is significant. For the first time, it establishes that On Gods was a multi-book work extending to at least eight books. Until now, only the first book was known (PHerc. 26).

    Scholars are now reassessing related texts within the Herculaneum collection that address similar theological themes. Some –– even if preserved under different titles –– may belong to the same series.

    Among these are:

    • On the Lifestyle of the Gods (Περὶ τῆς τῶν θεῶν διαγωγῆς), preserved in PHerc. 152/157
    • Works concerning the nature of divine knowledge (PHerc. 89/1301/1383)
    • Texts addressing providence (PHerc. 1670)

    In addition to the end-title, early readings from the virtually unwrapped surface have revealed key theological terms and phrases that offer initial insight into the work’s content.

    These include references to:

    • πρόνοια (“providence”) and χωρὶς προνο[ί]α̣ς̣ (“without providence”)
    • θεοῦ (“god”) and ἀόρατα (“invisible entities,” including the divine)
    • κατὰ φύσιν (“according to nature”)
    • θεωρήμασιν (“theories”)
    • ζῶια / ζώιων (“living beings”)
    • τὰ μέλλοντα (“future things”)
    • τ̣ὸ̣ νοερὸν (“the intellective principle”)

    Taken together, these elements point to a sustained philosophical treatment of Epicurean theology, including the nature of the gods, the role of providence and the structure of the universe.

    “This is a crucial piece of evidence for understanding Philodemus’ work,” D’Angelo  said. “For the first time, we can situate On Gods within a broader structure and begin to see how these texts relate to one another as part of a sustained philosophical inquiry of theological concepts in circulation in Ancient Rome.”

    From Scanning to Scholarship

    The breakthrough was made possible through high-resolution micro-CT scanning conducted at major international facilities, including Diamond Light Source in the United Kingdom and the European Synchrotron Radiation Facility (ESRF) in France.

    Diamond Light Source uses intense synchrotron-generated X-rays to perform imaging at a level of resolution not achievable with conventional laboratory-based instruments.

    “Using our I12 beamline — a high-energy beamline designed specifically for imaging — we worked in partnership with the Vesuvius Challenge and librarians from the University of Oxford to provide the first scan ever of a Herculaneum scroll housed in the Bodleian Libraries’ collection, producing exceptionally detailed images of its internal structure.” Elizabeth Shotton, with Diamond Light Source, said.

    Vesuvius Challenge also capitalized on the increased capabilities of the first fourth-generation high-energy synchrotron at ESRF in Grenoble, France, which came online in 2020 after a 20-month shutdown and an investment of 150 million Euros from 21 nations.

    “The beam produced by the Extremely Brilliant Source is both exceptionally fine and remarkably stable. At the new BM18 flagship beamline, it enables us to detect extremely subtle variations and reconstruct high-quality tomographic images,” Alessandro Mirone, with ESRF, said. “Our role is to provide the most precise three-dimensional representation possible. These data serve as the foundation for the virtual unwrapping pipeline developed by the Vesuvius Challenge team, as well as for their neural network analysis.”

    The Vesuvius Challenge scans represent the largest dataset ever produced by ESRF. Individual scans generated datasets measuring as much as 300 terabytes per scroll — creating the most detailed three-dimensional maps of the carbonized artifacts to date.

    The Role of the Vesuvius Challenge

    Launched in 2023, the Vesuvius Challenge transformed a long-standing scholarly problem into a global, open competition — mobilizing researchers, engineers and citizen scientists to do what had never been done before: read the Herculaneum scrolls without physically opening them.

    The initiative built on decades of work led by Seales — and a team of researchers with University of Kentucky’s EduceLab — who demonstrated machine learning could detect ink hidden within X-ray scans of carbonized papyri. With that proof of concept, Seales joined Silicon Valley leaders Nat Friedman and Daniel Gross to launch a $1 million global challenge aimed at accelerating progress.

    Through the competition, Seales’ team released open-source software and high-resolution 3D X-ray images from two intact scrolls and several fragments.

    The response was immediate and transformative.

    What began as an ambitious experiment quickly became a breakthrough — reading the first letters from within the scrolls within months and demonstrating that large-scale recovery was within reach.

    Today, the Vesuvius Challenge has a dedicated team of researchers and technical experts who support contestants with preconditioned data, new tools and improved access to the scroll scans.

    “The challenge is ongoing; we need everyone’s help to read the scrolls, and a new web interface at scrollprize.org makes it easier than ever for individuals to access the data and participate,” Giorgio Angelotti, project lead with the Vesuvius Challenge, said.

    At its core, the Vesuvius Challenge has become more than a competition. It’s collaborative effort to recover a lost library — powered by shared data, open innovation and a global community united by a common goal: bringing ancient voices back to life.

    “The scrolls have always been a passion project — bringing together people from all walks of life to recover pieces of our shared history,” Sean Johnson, former contestant who now works on the Vesuvius Challenge technical team, said. “From the moment I read my first letter, I was hooked. There is nothing like uncovering text no one has seen in two millennia, alongside a community just as driven to see it through.”

    From Breakthrough to Cultural Recovery

    For centuries, the study of ancient papyri has been constrained by fragmentary evidence and the physical limitations of fragile artifacts.

    Today’s breakthrough marks a turning point — not in technology, but in purpose.

    As new texts are emerging faster than ever from the carbonized papyri, the focus is shifting from the engineers and computer scientists designing high-tech tools to the experienced papyrologists, classicists and historians who can interpret, contextualize and ultimately bring these ancient works back into human knowledge.

    “This is no longer just about imaging or machine learning,” Seales said. “Now we need experts who can read, edit and understand what they are saying.”

    More than 600 Herculaneum scrolls remain unopened.

    Recovering them has become a truly international effort — uniting research institutions, libraries and cultural heritage organizations across Europe and the United States to restore one of the most important surviving libraries of the ancient world.

    The implication is profound.

    It’s about the enduring power of human connection. How far will we go to preserve it?

    Across 2,000 years, across languages, cultures and civilizations, people continue to reach for one another through words.

    “Today, we are hearing voices that have been silent for 2,000 years,” Seales said. “For the first time, we are uncovering and reading them — but most importantly — we are beginning to understand them.”

    The groundbreaking work has garnered widespread global media coverage, with National Geographic among the outlets highlighting the announcement.

  • India–Saudi Arabia Talks Focus on Boosting Ties and Supporting Diaspora

    June 25: India and Saudi Arabia have held discussions aimed at strengthening bilateral relations and addressing issues concerning the Indian diaspora living in the Kingdom.

    The talks focused on enhancing cooperation across key areas including trade, investment, energy, labour mobility, and people-to-people ties. Both sides reaffirmed their commitment to deepening the longstanding strategic partnership between the two countries.

    Special attention was given to matters related to the welfare and safety of the Indian community in Saudi Arabia. Officials discussed ways to improve support mechanisms and ensure smoother resolution of consular and employment-related issues faced by expatriates.

    The two countries also explored opportunities to expand collaboration in emerging sectors, while building on their strong energy partnership and growing economic engagement.

    Officials noted that India and Saudi Arabia share a robust and evolving relationship, supported by regular high-level exchanges and mutual interests in regional stability and economic growth.

    The discussions reflect continued efforts by both nations to strengthen diplomatic ties and enhance cooperation for mutual benefit.

  • PM Modi to Visit Seychelles for Golden Jubilee Celebrations of National Day

    June 25: Prime Minister Narendra Modi is scheduled to visit Seychelles to attend the Golden Jubilee celebrations of the country’s National Day, marking an important milestone in India–Seychelles bilateral relations.

    The visit is expected to further strengthen diplomatic ties between the two nations and reinforce ongoing cooperation in areas such as maritime security, trade, development partnership, and regional stability in the Indian Ocean region.

    During the visit, the Prime Minister will participate in official commemorative events and hold discussions with the leadership of Seychelles on ways to expand and deepen bilateral engagement. The two sides are also expected to review progress in existing partnerships and explore new avenues of collaboration.

    Officials note that India and Seychelles share long-standing and friendly relations built on mutual trust, shared democratic values, and close maritime connectivity. The visit underscores India’s continued commitment to strengthening ties with Indian Ocean island nations and enhancing regional cooperation.

    The Golden Jubilee celebrations of Seychelles’ National Day mark 50 years of the country’s national journey, and India’s participation highlights the importance it places on its partnership with Seychelles.

    The visit is expected to add further momentum to bilateral relations and support broader cooperation in the Indian Ocean regio

  • India Monitoring 1,987 Major Infrastructure Projects Across Key Sectors

    June 25: The Government of India is currently monitoring 1,987 ongoing infrastructure projects with a total investment value of approximately ₹42.50 lakh crore, reflecting the country’s large-scale focus on infrastructure-led development.

    The initiative aims to ensure timely execution, improved efficiency, and better coordination across various infrastructure sectors, including transport, energy, urban development, and logistics. Regular monitoring is being carried out to address delays, resolve implementation challenges, and enhance project delivery outcomes.

    Officials noted that infrastructure development remains a key priority for the government, as it plays a crucial role in driving economic growth, generating employment, and improving connectivity across regions. The large number of ongoing projects highlights the scale and ambition of India’s long-term development strategy.

    According to available details, the monitoring framework is designed to strengthen accountability and ensure that projects progress as planned. This is expected to help reduce cost overruns and improve overall implementation efficiency.

    Experts believe that successful execution of such large-scale infrastructure projects will significantly contribute to India’s economic expansion and support its long-term growth trajectory. Improved infrastructure is also expected to boost industrial activity and enhance ease of living for citizens.

    The statement reinforces the government’s continued emphasis on infrastructure development as a key pillar of national economic progress.

  • MIT-WPU Researchers Develop Solar Thermal Battery That Enables Hot Water Availability After Sunset

    MIT-WPU Researchers Develop Solar Thermal Battery That Enables Hot Water Availability After Sunset

    Mumbai/Pune June 25: Researchers at MIT World Peace University (MIT-WPU) have developed a solar thermal energy storage system that enables hot water availability even after sunset by storing solar heat in a phase change material (PCM)-based thermal battery. The technology addresses one of the biggest challenges associated with solar energy—its intermittent availability—and has the potential to reduce dependence on electricity and fossil fuels for water heating applications.

    Developed by Dr. Anita Nene and Dr. Rohit Ghadge from the Department of Mechanical Engineering, MIT-WPU, the system combines a Scheffler solar concentrator with a thermal storage capsule containing paraffin wax, a phase change material capable of storing and releasing large amounts of heat.

    Unlike conventional energy storage systems that rely on electrochemical batteries, the proposed solution stores energy directly as heat. The system incorporates a detachable PCM tube, a water-jacket heat transfer mechanism, and polyurethane insulation to maximize heat retention and energy utilization.

    According to the researchers, the technology achieved complete thermal charging in approximately 18 minutes and complete discharge in approximately 32 minutes during laboratory-scale testing. The system continued supplying hot water after solar input was removed, demonstrating its ability to provide thermal energy beyond daylight hours.

    The prototype stores approximately 1.5 to 2 kWh of thermal energy and can maintain water temperatures between 50°C and 60°C for up to 14 hours after charging. Compared to conventional electric water heaters.

    “One of the major limitations of solar energy is that it is available only when the sun is shining. Our objective was to develop a simple, cost-effective, and sustainable thermal storage solution that can store solar energy and make it available whenever required,” said Dr. Anita Nene.

    “Thermal energy accounts for a substantial share of overall energy consumption. Technologies that enable efficient storage of solar heat can help reduce dependence on conventional fuels, improve energy security, and support the transition towards cleaner and more sustainable energy systems,” said Dr. Rohit Ghadge. 

    The researchers conducted Computational Fluid Dynamics (CFD) simulations alongside laboratory-scale validation to evaluate system performance.

    The technology is currently at Technology Readiness Level (TRL) 7 and is being prepared for pilot deployments in real-world environments.

    Potential applications include residential water heating systems, hotels, hospitals, hostels, educational institutions, industrial process heating facilities, community kitchens, agricultural operations, and off-grid rural communities.

    An Indian patent application titled “Solar Energy Storage Capsule Using Phase Change Material” has been filed under Application No. 202521118546. The researchers are currently exploring collaborations with industry partners for pilot deployment and commercialization.

    “The next phase of development will focus on field trials, performance optimization, and scale-up for commercial deployment,” said Dr Anita Nene.

    lower carbon emissions by approximately 2.5 to 3 tonnes annually, contributing to India’s clean energy and sustainability goals.

  • Sensex and Nifty End Marginally Higher Despite Late Selling Pressure

    June 25: Indian equity benchmarks closed marginally higher in a volatile trading session, as early gains were partially erased by late selling pressure. Despite intraday fluctuations, both Sensex and Nifty managed to end in positive territory, reflecting a cautious yet stable market sentiment.

    The session witnessed a strong start, supported by selective buying across key sectors. However, profit booking in the latter half of the trading day weighed on overall momentum, leading to a moderation in gains by the close of trade.

    Market participants observed that investor sentiment remained mixed amid global cues and ongoing domestic developments. While some sectors showed resilience, others faced selling pressure, resulting in a narrow trading range for most of the session.

    Analysts noted that the market continues to be driven by stock-specific movements, with investors focusing on corporate earnings, macroeconomic indicators, and global market trends. The overall trend, however, indicates underlying strength in the broader market despite short-term volatility.

    Experts suggest that cautious optimism persists among investors, with a focus on quality stocks and long-term positioning. The ability of the indices to hold gains despite late-session weakness is seen as a sign of continued market resilience.

  • India-Led BRICS Initiative Launches Digital Centre of Excellence for Smart Grids and Energy Storage

    June 25: Marking a significant milestone in international energy cooperation, BRICS nations have officially launched a Digital Centre of Excellence (DCoE) dedicated to Smart Grids and Energy Storage under India’s chairmanship. The initiative is aimed at fostering innovation, knowledge-sharing, and technological collaboration among member countries in the rapidly evolving energy sector.

    The newly established Centre of Excellence will serve as a collaborative platform for research, capacity building, and the exchange of expertise in smart grid technologies and advanced energy storage systems. The initiative is expected to support the modernization of power infrastructure and facilitate the integration of renewable energy sources across BRICS economies.

    The launch underscores the collective commitment of BRICS nations to strengthening energy security, promoting sustainable development, and accelerating the adoption of digital technologies in the energy sector. By encouraging cooperation among governments, industry stakeholders, and research institutions, the Centre will help address emerging challenges related to energy transition and grid resilience.

    India’s leadership in establishing the Digital Centre of Excellence reflects its growing role in advancing global clean energy initiatives and promoting technology-driven solutions for sustainable growth. The Centre is also expected to support policy development, skill enhancement, and innovation-led partnerships among member countries.

    As energy systems worldwide undergo rapid transformation, the BRICS Digital Centre of Excellence is poised to become an important hub for collaboration, helping member nations build smarter, more efficient, and sustainable power networks for the future.

     

  • FIA delivers strongest set of financial results in a decade

     

    FIA delivers strongest set of financial results in a decade

     

    Federation continues its financial transformation since election of H.E. Mohammed Ben Sulayem as President in 2021

    Dubai, UAE, June 25: The Fédération Internationale de l’Automobile (FIA), the global governing body for motor sport and the federation for mobility organisations worldwide, has today reported its strongest operating result in 10 years.

    For FY2025, the FIA delivered an operating profit of €6.7m, up 43% year-on-year and representing a significant turnaround from the €-24m operating loss reported in 2021. Operating revenue was €191.7m, a 75% increase since FY2021.

    This result builds on the FIA’s return to profitability delivered in FY2024, and reflects the continued financial transformation of the federation since the election of the President of the FIA, H.E. Mohammed Ben Sulayem, in 2021.

    It is underpinned by a stronger commercial strategy, improved cost discipline, and clearer financial oversight across the organisation.

    H.E. Mohammed Ben Sulayem, President of the FIA, said: “Six months into my second term as FIA President, I remain committed to ensuring a profitable and financially sustainable operation. Today, I am proud that we have continued to deliver on this mission, achieving the FIA’s strongest operating result in ten years and building on the significant progress made since 2021.

    “Improving the governance, transparency and financial health of the FIA was central to my manifesto pledge, and we have transformed the organisation into a more resilient and professional federation.

    “I will continue to work closely with all stakeholders to drive positive change across the FIA and deliver long-term value for our Member Clubs, our Championships, our people, and our global mobility and motor sport communities.”

    The 2025 results were supported by strong performance across key FIA Championships and commercial activities. This included the advancement of a new promoter process for the FIA World Rally Championship with improved commercial terms, strong performance from the FIA World Endurance Championship, and the implementation of new regulations.

    Additionally, the landmark long-term contract extension with the ABB FIA Formula E World Championship promoter, Formula E Holdings Limited generated an exceptional gain of €20m, reflecting the Championship’s continued growth.

    The FIA Commercial Department, established in 2023, launched a new Global Partner Programme focused on innovative partnerships with global brands and tech partners, contributing to overall revenue growth. These include DHL, Rolex, Hankook and AlphaTauri as Global Partners, and Siemens and Tomorrow.io as Official Partners.

    The FIA is in a much stronger position to deliver value for its Member Clubs across the world and continue investing in the Championships under its governance.

    Since 2022, over €20m has been reinvested into key initiatives such as a new Officials Department to better support the training and development of the officiating community, and the Safe Mobility 4 All and 4 Life programme.

    The federation has continued to modernise its operations, governance, and communications. It opened its first office in London in 2025, strengthening its global footprint and supporting its ability to attract talent and deliver its mission across international markets.

    It increased its headcount to 308 permanent employees in 2025, a 14% increase on prior year. New initiatives such as FIA CareerShift and FIA Graduate Pathway Rotational Programme reflect further investment into professional development and career pathways.

    Across sport, the FIA continued to strengthen the long-term foundations of its Championships and competition structures in 2025.

    The signing of the Concorde Governance Agreement with Formula One Group established a structured governance model for the sport and helped secure its long-term future.

    In mobility, the FIA continued to advocate globally for safer, more accessible and more sustainable transport, while sustainability also remained a central priority.

    Through the FIA University, the federation published new research to support decision-making by Member Clubs, policymakers and industry stakeholders, while promoting professional development through programmes including the Advanced Leadership Programme and Executive Leadership Programme.

    The FIA reported a strong financial position at year end, with cash and cash equivalents equal to 73% of the balance sheet, an increase of 6% year-on-year, an equity ratio of 49%, and no financial debt.

    This financial position supports the FIA’s ability to continue investing in its Championships, its Member Clubs, its people and its strategic priorities across sport and mobility.