DLF Malls Brings Summer Style to Life with 100 Curated Looks and a Phygital Fashion Experience

DLF Malls Brings Summer Style to Life with 100 Curated Looks and a Phygital Fashion Experience

New Delhi, Apr 21:  DLF Malls has launched its vibrant “Summer Up” campaign across its premier shopping destinations-DLF Mall of India, DLF Promenade and DLF Avenue, running from April 15 to May 20, 2026. The campaign reimagines summer shopping by seamlessly integrating curated fashion with cutting-edge digital experiences.

Built around the theme “100 Looks, 1 Summer,” the initiative showcases 100 thoughtfully considered looks and styles crafted by renowned stylists Pranav Goswamy, Smridhi Sibal and Jasbir Singh Mehta. The edits feature collections from globally recognized brands such as Zara, H&M, Mango, Tommy Hilfiger, Marks & Spencer, Aldo and Charles & Keith. Spanning categories from everyday wear and work looks to travel wardrobes, occasion dressing and seasonal essentials, the campaign offers a complete style guide for the modern shopper.

Pushpa Bector, Senior Executive Director & Business Head – Retail, DLF Limited, said, “100 Looks, 1 Summer is about reimagining how India shops – fluid, expressive, and across brands. At DLF Promenade, DLF Avenue, and DLF Mall of India, we are bringing together fashion, technology, and personalization through AI smart mirrors and immersive phygital pop-ups. It’s a celebration of mixing, matching, and making every summer look uniquely yours.”

At the heart of “Summer Up” is a phygital retail experience introduced in partnership with ORBO, blending physical browsing with digital innovation. Visitors can engage with interactive lookbooks, AI-powered smart mirrors and augmented reality (AR) try-on tools, enabling them to visualize outfits, access product details and locate items within the mall effortlessly.

The customer’s journey is designed across four intuitive touchpoints: Discover, Try, Explore and Navigate, making fashion exploration more personalised and engaging. The smart mirrors allow real-time virtual styling, helping shoppers transition seamlessly from inspiration to purchase.

Extending beyond the mall environment, DLF Malls has introduced a dedicated microsite that mirrors the in-store experience. This platform allows users to browse curated looks, identify featured brands and plan their shopping visits remotely, bridging online discovery with offline retail.

With “Summer Up,” DLF Malls continues to push the boundaries of experiential retail, creating a connected ecosystem that enhances convenience, personalisation and engagement for today’s digitally savvy consumers.

Summit Hotels & Resorts appoints Deepak Bothra as Corporate General Manager

 

Deepak Bothra

 

Apr 21: Strengthening its operational leadership as it expands across the Eastern Himalayan region, Summit Hotels & Resorts has appointed Deepak Bothra as Corporate General Manager. With close to three decades of experience in hospitality, Deepak Bothra brings deep expertise across hotel operations, pre-opening projects, quality control, and revenue management. Over the years, he has worked with leading international and regional brands, holding senior leadership roles and contributing to the successful launch and turnaround of multiple properties.

In his new role, Deepak Bothra will oversee operational strategy, service standards, and performance optimisation across Summit’s growing portfolio. His focus will be on strengthening quality benchmarks, streamlining systems, and ensuring consistency across properties as the brand continues to scale its presence in Sikkim, Darjeeling, and the wider Northeast.

Commenting on the appointment, Sumit Mitruka, CEO, Summit Hotels & Resorts, said, “Deepak brings a rare combination of operational depth and quality-driven thinking. As we continue to expand our network across the Northeast, strengthening internal systems and service standards becomes critical. His experience in building and refining hotel operations will play a key role in driving consistency and long-term performance across our portfolio.”

New Study Warns Law Firms Face an Existential Crisis in Talent Development as AI Replaces the Apprenticeship Model

Apr 21: The traditional foundations of legal training are being dismantled by automation, leaving the industry’s elite firms facing a radical ‘capabilities gap’ in their future talent pipeline. This is according to a new study from leadership consultancy firm The Positive Group, which highlights how the rapid adoption of GenAI is transforming the centuries-old apprenticeship model that underpins how trainee lawyers develop legal judgement, expertise and the skills needed to become a partner.

 The report, titled The AI Leadership Challenge in Law, was produced in collaboration with researchers from Harvard Business School, RSGI, and Hubel Labs. It draws on insights from 16 of the industry’s most influential decision-makers -including Managing Partners, Chief AI Officers, and heads of professional standards from firms including Orrick, Herbert Smith Freehills, Baker McKenzie, Bird & Bird, A&O Shearman, White & Case, and Gilbert + Tobin.

 The end of ‘learning by doing’

For generations, junior lawyers built their “legal muscle” through repetition: document review, due diligence, and exhaustive research. The report argues that this “volume work” was not merely a revenue driver, but a psychological necessity for building the cognitive foundations of professional reasoning and judgement.

 However, the study warns that as AI takes over these foundational tasks, the ‘repetition loop’ is breaking. Junior lawyers are being catapulted into higher-level advisory work much earlier in their careers—often before they have developed the instinctive ‘gut feel’ for risk that only comes from years of interrogating primary sources.

 Anna Sutherland, Executive Partner at Herbert Smith Freehills, a contributor to the research, highlights the scale of the challenge: “Traditionally, juniors learned by repetition through drafting, due diligence, and volume work. AI is changing that, so the challenge is to ensure they still build solid foundations while acquiring new skills.”

 A Scrutiny Gap is emerging:

The report identifies a burgeoning risk within the firm hierarchy: a decline in critical scrutiny. One participant noted that with AI-generated drafts, there is now “less requirement to go and interrogate sources”, creating a dangerous psychological bias where outputs are accepted at face value.

 “We are heading toward a potential crisis of potential skills deficit in critical thinking and appraisal,” says Will Marien, Director at The Positive Group. “If a junior lawyer hasn’t spent years digging through the ‘why’ behind a contract clause because a machine produced it in seconds, they lose the ability to spot the nuance where the real risk lives. The apprenticeship model wasn’t just about learning the law; it was about learning how to think under pressure. By removing the repetitive, routine work, we are inadvertently removing the training ground for work that involves judgement, appraisal and interrogation of sources.”

 Marien continues: “Law firm leaders must recognise that AI doesn’t just change the workflow; it changes the cognitive development of their most valuable asset: their people. We are seeing the end of the stable strategy; firms must now move to a model of ‘Adaptive Apprenticeship’ where critical thinking is taught as a primary skill, not an accidental byproduct of volume work.”

 From information generators to curators of meaning

The research suggests that the role of the junior lawyer is being redefined in real-time. Rather than acting purely as generators of information, they are increasingly becoming “curators of meaning” and “challengers of logic”. This shift is not only changing the skills required, but is reshaping where expertise sits within firms.

 Junior lawyers are often more fluent in emerging AI tools and are playing a growing role in driving innovation from the ground up. As Christian Bartsch, CEO of Bird & Bird, notes: “Some of our best ideas don’t come from senior leaders, but from next-gen talent. We’ve built innovation channels to capture these ideas so they aren’t lost in our wider organisation. As part of our journey, we’ve become braver about calling time on what doesn’t work.” In this environment, curiosity, adaptability, and the ability to interrogate AI outputs are becoming core capabilities at every level of the firm.

 However, the report warns that this transition must be managed carefully. Rather than relying solely on traditional repetition-based learning, leaders are being encouraged to take a more active role in shaping how junior lawyers engage with AI through clear narratives, role-modelling, and creating environments where questioning and critical thinking are actively encouraged.

 By fostering trust and openness around both the potential and limitations of AI, firms can ensure that junior lawyers build the confidence and nuance needed to apply these tools effectively. In this way, the transition becomes less about managing risk, and more about intentionally developing the next generation of lawyers to combine technological fluency with strong professional judgement.

 The Leadership Mandate: devising adaptive apprenticeships

For the law firm C-suite, the findings reinforce the need for a radical departure from traditional talent management. The report concludes that AI maturity is not about how many licences a firm buys, but how it re-engineers the path to expertise.

Marien concluded: “The task for leading law firms is no longer to protect the old ways of working, but to find new pathways for developing “depth” in an automated environment. This means placing an unprecedented premium on “soft” cognitive skills—curiosity, the ability to challenge automated reasoning, and ethical interpretation—that were previously assumed to develop over time.

 “In a world where the commodity – the legal output – is increasingly free, the ‘Psychology of AI Maturity’ proves that the only remaining value is the human at the keyboard. If firms fail to fix the apprenticeship model now, they aren’t just losing their juniors; they are losing their future partnership.

Digital Convergence Technologies (DCT) Joins Akamai Partner Connect Program

Bengaluru, India Apr 21: Akamai (NASDAQ: AKAM), announced Digital Convergence Technologies (DCT), a system integration and digital transformation company that simplifies complex IT challenges through its “converge and deliver” philosophy, has joined the Akamai Partner Connect Program. DCT enables mid-market and enterprise clients to leverage a specialized refactoring practice for migrating workloads to Akamai, providing a streamlined, cost-effective path to cloud modernization that was previously fragmented across multiple vendors.

DCT’s key services and offerings include system and cloud engineering, architecture modernization, and large-scale refactoring of legacy environments; dedicated practices for transitioning and modernizing cloud architectures on distributed platforms; and managed services that enable scalable, high-performance, and cost-efficient cloud operations across industries.

“Our focus is on modernizing legacy architectures and simplifying complex cloud environments to deliver scalable, high-performance systems. By partnering with Akamai, we are enabling enterprises to move away from closed, black-box solutions and bring control back into their own hands — creating flexible, cost-efficient architectures that are built to scale,” said Vineet Dhawan, CEO, Digital Convergence Technologies (DCT).

This collaboration is designed to support customers across the media, healthcare, and fintech verticals through digital modernization, cost optimization, and specialized managed services. It specifically addresses the needs of mid-market media clients seeking a plug-and-play streaming platform and enterprises requiring HIPAA, ISO 27001, and HITRUST accredited solutions.

“By combining Akamai’s globally distributed infrastructure and developer-friendly cloud with DCT’s specialized refactoring practices and managed services, we are empowering customers to modernize and transform their legacy environments into scalable, cost-efficient cloud architectures,” said Dave Allen, Vice President of Geo Sales and Partner Sales at Akamai. “DCT’s expertise in refactoring and architecture modernization aligns strongly with Akamai’s mission to deliver high-performance, developer-friendly cloud solutions.”

Akamai Partner Connect is a unified global program that supports resale, distribution, technical solution enablement, services, and referrals. The program includes enhanced incentives aligned with strategic offerings, region-specific tiering, and streamlined access to tools and support. To learn more, visit akamai.com/channel-partners. To learn more about Digital Convergence Technologies, visit the DCT website.

To hear more about how Akamai and DCT are working together to modernize cloud architectures beyond traditional “lift and shift” approaches, listen to the podcast.

The Standard Opens New Global Capability Centre in Bengaluru

Bengaluru, Apr 21(BNP): The Standard, a leading provider of insurance, retirement and investment products in the United States, opened its new global capability centre today in Embassy Tech Village in Bengaluru. This marks the next phase of the company’s growth journey in India following the launch of The Standard India operations in November 2025. The facility inaugurated by Shri Priyank Kharge, minister for Electronics, IT and Biotechnology, Government of Karnataka supports the continued expansion of capabilities across AI engineering, cloud platform development, data and analytics, digital transformation and insurance operations aligned with the company’s global strategy.

The Standard Opens New Global Capability Centre in Bengaluru

The inauguration marks the opening of The Standard India’s permanent Bengaluru office facility, with plans for long-term expansion of capabilities in software engineering, total experience, AI and enterprise platforms as the company continues strengthening in-house technology expertise aligned with its long-term transformation roadmap.

“Our operations in India play an increasingly important role in our technology transformation,” said Greg Chandler, executive vice president of Information Technology at The Standard. “The launch of The Standard India strengthens our ability to fuel ongoing growth, innovate, scale technology capabilities, accelerate digital transformation and offer new solutions to our customers faster. This centre represents a long-term investment in world-class talent and reflects our confidence in India as a strategic partner in shaping the future of our business.”

Since establishing its presence in India in November 2025, The Standard continues to strengthen its local leadership team across finance, human resources, talent acquisition, information technology, administration and communications.

“The Standard India is an integrated capability hub that supports engineering, data, AI and insurance operations,” said Mohua Sengupta, senior vice president and country head at The Standard India. “Our structure combines enterprise scale with startup agility, giving employees both stability and the opportunity to build greenfield capabilities while working closely with our global teams. As we continue expanding leadership roles and high-impact technology functions in India, the centre will have an important role in advancing The Standard’s long-term growth, innovation and transformation priorities.”

Strategic capability mandate

The Standard India will significantly contribute to advancing companywide priorities. It will also support the transition of select technology work from vendor-led delivery to in-house engineering teams strengthening agility, operational efficiency and long-term innovation capabilities.

India continues to be a strategic destination for global capability centres that support financial services innovation, offering deep expertise across engineering, digital platforms and enterprise technology transformation. Bengaluru’s mature innovation ecosystem, strong academic institutions and global technology workforce make it a natural location for The Standard’s inaugural centre.

Lenovo Brings Production-Scale AI to Hannover Messe 2026, Delivering Up to 85% Faster Lead Times for Manufacturers

Business Wire India

Manufacturers are under increasing pressure to improve efficiency, resilience, and responsiveness in the face of ongoing supply chain volatility and rising operational complexity. In this environment, AI is no longer a future ambition but an operational necessity. With 94% planning to increase AI investment in 20261 and an expected $2.86 return for every dollar spent2, the priority has shifted from experimentation to execution.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260421992136/en/

 

 

ThinkStation PGX and Lenovo ThinkEdge Solution 2

ThinkStation PGX and Lenovo ThinkEdge Solution 2

 

At Hannover Messe 2026, Lenovo in partnership with NVIDIA are demonstrating how manufacturers can close that gap by deploying AI solutions already proven at scale across its own global operations, delivering measurable improvements in lead time, cost, quality, and productivity.

 

“Manufacturers don’t need more AI pilots. They need AI that runs at scale in production,” said Jonathan Wu, Chief Technology Officer of Smart Manufacturing at Lenovo. “At Lenovo, we’ve already done this across our own global manufacturing operations, achieving significant improvements in lead time, cost, and productivity. At our largest site in North America, lead time was reduced by 85%, logistics costs by 42%, and productivity was boosted by 58% by deploying AI and Gen-AI enabled solutions. That experience is what we bring to our customers.”

 

 

Improve Quality and Performance with AI Across Connected Production Systems

 

 

Improving quality in manufacturing is no longer about isolated inspection points, but about connecting data and decision-making across the entire production system.

 

 

Lenovo applies AI across production environments to enable real-time detection, faster root cause analysis, and continuous improvement. By combining computer vision, edge AI, and digital twins, manufacturers can identify defects as they occur, reduce variability, and respond immediately to issues before they impact downstream operations. These capabilities extend beyond individual production lines, linking quality insights with material flow, equipment performance, and upstream inputs to create a more adaptive and resilient manufacturing system.

 

 

At facilities in Brazil, Hungary and Mexico, Lenovo has deployed its Automatic Quality Inspection Robotic Cell, delivering measurable improvements in quality, consistency and efficiency.

 

 

Maintain Production Flow with Autonomous Intralogistics

 

 

Production performance depends not only on what happens on the line, but on how effectively materials move across the factory.

 

 

Lenovo’s Multi Purpose Robots enable adaptive, real-time automation across workflows such as line-side delivery, picking, kitting, and material movement between production stages.

 

 

By improving material flow and reducing reliance on manual processes, manufacturers can maintain more stable production, increase overall equipment effectiveness, and better align operations with changing demand.

 

 

_______________________

 

1CIO Playbook 2026: The Race for Enterprise AI

2CIO Playbook 2026: The Race for Enterprise AI

 

Strengthen Supply Chain Resilience with Real-Time, Multi-Tier Visibility

 

Building on its experience in deploying AI within manufacturing environments, Lenovo is also applying these capabilities across broader operational ecosystems, from supply chain coordination to real-time systems monitoring.

 

 

  • Connected supply chains with Lenovo iChain. Lenovo iChain connects suppliers, logistics partners, and manufacturing operations through safeguarded, real-time data sharing. This improves coordination between material supply and production scheduling, increases visibility across multi-tier supply chains, and helps manufacturers respond more effectively to changes in demand. Lenovo’s leadership in supply chain operations was recognized in the Gartner Supply Chain Top 25 for 2025, where the company ranked eighth.
  • AI-driven Operations Monitoring. To improve how issues are identified and resolved, Lenovo offers AI-driven monitoring solutions to maintain stable production environments and reduce the risk of unplanned disruption. Electronics manufacturer Hisense implemented this across their operational environments to improve system visibility and response times, resulting in 100% monitoring coverage, a 40% reduction in alert volumes, and a 50% faster issue investigation process.

 

Scaling AI to Production with Proven, End-to-End Execution

 

Most AI initiatives in manufacturing stall before reaching production—not because of a lack of tools, but because those tools are not designed or proven to operate in live, complex environments.

 

 

Lenovo closes this gap by delivering AI solutions that are already running at scale across its own global manufacturing operations. This experience translates into faster deployment, reduced execution risk, and measurable business impact from day one.

 

 

Lenovo’s Hybrid AI Advantage brings together infrastructure, data, models, and services into a single, integrated environment that spans edge, cloud, and on-premises. More importantly, it is designed for real-world conditions—enabling manufacturers to move from pilot to production with greater speed, confidence, and control.

 

 

  • Validate before deployment: Lenovo ThinkStation PGX powered by the NVIDIA GB10 Grace Blackwell Superchip has protected sandbox and simulation capabilities such as NVIDIA Isaac Sim, to train and validate robotic systems before deployment, improve accuracy and reliability of autonomous machines, and simulate complex industrial workflows to accelerate automation projects.
  • Deploy at the point of action: Lenovo ThinkEdge, to power use cases such as visual inspection, predictive maintenance and autonomous systems. Processing data and running AI models at the point of action enables real-time decision-making while keeping data local to meet regulatory and sovereignty requirements.

 

Lenovo’s manufacturing solutions are being showcased at Hannover Messe Hall 15, Stand G76.

 

For more information, visit: https://techtoday.lenovo.com/ww/en/solutions/manufacturing/offerings

 

 

About Lenovo

 

 

Lenovo is a US$69 billion revenue global technology powerhouse, ranked #196 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo’s continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.

 

 

LENOVO, THINKSTATION and THINKEDGE are trademarks of Lenovo. NVIDIA is a trademark of NVIDIA Corporation. All other trademarks are the property of their respective owners. ©2026 Lenovo Group Limited. All rights reserved.

 

 

 

 

 

Phu Quoc set to become a major Asia Pacific aviation hub with scalable, fully automated passenger processing

GENEVA – 21 April 2026 — Phu Quoc International Airport is set to become a next-generation, fully self-service aviation hub ahead of the Asia-Pacific Economic Cooperation (APEC) 2027 Forum. Sun Group, one of Vietnam’s largest private conglomerates, has partnered with SITA to lead this transformation. To support Vietnam’s rapidly growing air travel demand, the parties have also signed a Memorandum of Understanding establishing a framework for broader collaboration across Sun Group’s future airport developments in Vietnam.

Phu Quoc International Airport is projected to handle 24 million passengers annually once the new Terminal 2 opens, with long-term capacity designed to scale to 50 million. The development comes at a pivotal moment and will place Phu Quoc in the global spotlight as a rising destination in the Asia Pacific region.

Phu Quoc set to become a major Asia Pacific aviation hub with scalable, fully automated passenger processing

Under the Phu Quoc project, SITA will deploy an end-to-end suite of airport technologies across the new terminal, delivering a fully self-service passenger experience. Travelers will be able to check in, select seats, print boarding passes and bag tags, drop their luggage, and board their flights through automated touchpoints.

The new terminal will feature SITA Flex Hybrid, supporting 204 common-use workstations for passenger processing. To secure operational resilience, SITA Local Departure Control System (DCS) will be deployed as a backup.

Passengers will use 150 SITA Smart Path kiosks for check-in, seat selection, boarding pass printing, and tagging check-in bags, 100 SITA Smart Path Bag Drop (Scan & Go) units for selfservice baggage drop, and 38 dual-lane SITA Smart Path Gates for automated boarding. All systems are seamlessly coordinated through the SITA Smart Path Hub biometric technology.

Real-time baggage tracking and reconciliation will be delivered through SITA Bag Manager Lite, supporting four baggage workstations and 20 handheld terminals. Airport operations will be powered by SITA Airport Operational Database (AODB), while passenger information will be managed by SITA AirportVision Evolved, covering 397 displays. Overall airport operations will be overseen by SITA Airport Management, supporting ten operational workstations.

The project, which began development in March 2026, is scheduled to open in July 2027.

“We are pleased to partner with SITA on this strategic collaboration to support the transformation of our airport portfolio. As we continue to invest in world-class aviation infrastructure, SITA’s proven expertise and end-to-end technology capabilities will play a key role in helping us deliver smarter, more efficient, and seamless passenger experiences,” said Mr. Nguyen Chi Thanh, President, Sun Group. “This partnership reflects our shared vision of elevating Vietnam’s aviation sector, and we look forward to working closely with SITA to bring innovative, future-ready solutions to Phu Quoc and our upcoming airport developments.”

The partnership extends beyond a single terminal. Sun Group has designated SITA as a key strategic technology partner for its broader airport transformation initiative in Vietnam. The operating model established at Phu Quoc will serve as a template for future developments, including Phan Thiet Airport and planned projects in Con Dao and Rach Gia. Over the next five years, Sun Group aims to expand its airport footprint to at least five locations across Vietnam, with each targeting the 5-Star Skytrax standard.

“Vietnam is one of the fastest-growing aviation markets in the region, and this partnership with Sun Group marks a key milestone in supporting that growth with future-ready infrastructure. By bringing together SITA’s end-to-end airport technologies, we are delivering smarter, more efficient, and scalable airport operations,” added Sumesh Patel, President, Asia Pacific at SITA. “As Phu Quoc evolves into a key aviation hub ahead of APEC 2027, we are proud to support Sun Group’s vision of delivering world-class passenger experiences while strengthening connectivity across Vietnam.”

Phu Quoc International Airport will be operated in partnership with Singapore’s Changi Airports International, bringing internationally recognized standards to what is fast becoming a major leisure destination. The airport upgrade forms part of a broader effort to integrate aviation with Sun Group’s tourism and hospitality ecosystem on the island, which includes luxury resorts, entertainment destinations, and Sun Phu Quoc Airways, launched in November 2025.

SITA and Sun Group have worked together since 2019, when SITA first delivered airport technology solutions at Van Don Airport. This new agreement deepens that relationship and reflects a shared commitment to advancing air travel infrastructure in Vietnam.

BLS International Signs MoU with IACCIA to facilitate Commercial Attestation Services across India

New Delhi, April 21(BNP): BLS International, a leading global AI-and tech-enabled services partner for governments and citizens, entered into a strategic Memorandum of Understanding (MoU) with the India and Arab Countries Chamber of Commerce, Industry & Agriculture (IACCIA) to expand commercial attestation and related services through its network of 17 centres across India. This collaboration will make documentation processes faster, more accessible, and highly efficient for Indian businesses engaged in trade with the 22 Arab League countries. The MoU was formalised in the presence of Dr. Waiel S. H. Awwad, Secretary General (In-charge) of IACCIA, and Mrs. Charu Khosla, Chief Operating Officer – Strategic Markets, Governments and Institutions, BLS International.

BLS International Signs MoU with IACCIA to facilitate Commercial Attestation Services across India

The India & Arab Countries Chamber of Commerce, Industry & Agriculture (IACCIA) has recently achieved a significant milestone with formal recognition from the Directorate General of Foreign Trade (DGFT), Government of India. This authorization empowers IACCIA to issue Non-Preferential Certificates of Origin and facilitate attestation of commercial documents, streamlining trade processes between India and the Arab world. This development is expected to play a transformative role in boosting bilateral trade.

Shikhar Aggarwal, Joint Managing Director of BLS International, said,

“This collaboration marks another milestone in BLS International’s journey to facilitate global connectivity through trusted attestation and consular services. By joining hands with the India and Arab Countries Chamber of Commerce, Industry & Agriculture (IACCIA), we are strengthening trade between India and the Arab world and enabling greater cooperation and innovation across markets. Our focus remains on delivering seamless, secure, and scalable attestation services that support individuals and enterprises alike.”

Dr. Waiel S. H. Awwad, Secretary General (In-charge) of IACCIA, added,

“This DGFT recognition is a major institutional milestone that reinforces IACCIA’s role as a trusted bridge for commercial exchanges between India and the Arab world. Combined with our partnership with BLS International, we will now be able to expand service reach significantly and provide seamless support to businesses on both sides. This will further strengthen connectivity and open new avenues for trade and investment.”

Headquartered in New Delhi, IACCIA serves as a premier institutional platform dedicated to fostering long-term trade, investment, and business collaboration between India and the 22 Arab League countries. Officially supported by the Ministry of Commerce & Industry and the Ministry of External Affairs, Government of India, and recognized by the League of Arab States, IACCIA actively promotes business delegations, B2B and B2G engagements, policy dialogue, and sector-specific initiatives with a strong emphasis on agriculture, global food security, and sustainable partnerships.

Apple Names John Ternus CEO in 2026; Tim Cook Becomes Executive Chairman

Apr 21 (BNP): Apple has announced that Senior Vice President of Hardware Engineering John Ternus will become CEO effective September 1, 2026, succeeding Tim Cook. Cook, who has led the company since 2011, will take on the role of Executive Chairman.

The board unanimously approved the planned transition as part of a long-term succession strategy. Arthur Levinson will become Lead Independent Director, and Ternus will join Apple’s board upon becoming CEO.

Ternus, who has led Apple’s hardware engineering since 2021, is expected to guide the company’s next phase of growth in hardware, services, and artificial intelligence. Apple said the move ensures leadership continuity and stability for the future.

Private markets ‘retailisation’ to drive semi-liquid fund assets past $3 trillion by 2030, Carne Group study reveals

Apr 21: New research* from Carne Group (Carne), Europe’s largest third-party management company (ManCo), reveals that both wealth managers and private markets fund managers expect assets under management (AUM) held in semi-liquid vehicles to exceed $3 trillion by 2030.  The semi-liquid market has already demonstrated explosive momentum, with AUM nearly tripling between 2020 and 2024 to approximately $349 billion**.

 Nearly eight out of 10 (78%) private market fund managers surveyed expect the sector to surpass $3 trillion by 2030. Wealth managers are equally bullish: 54% expect AUM to reach between $3 trillion and $3.5 trillion, while 18% believe the figure will climb even higher.

 Semi-liquid funds operate as open-ended investment vehicles, providing sophisticated and mass-affluent retail investors with access to typically illiquid assets like private equity, with periodic redemption windows.

 Wealth managers and IFAs increase their focus on the semi-liquid wrapper

Carne’s research reveals 72% of wealth managers surveyed already use semi-liquid funds for their clients. The remaining 28% are preparing to follow suit almost immediately – 75% of those not currently offering these funds expect to start within the next 12 months, and the remaining 25% within the next two years.

 The speed of adoption is reflected in the anticipated weightings within client portfolios. Nearly a third (32%) of wealth managers surveyed expect to have 5% of their clients’ total investible assets in semi-liquid funds within three to four years. This conviction strengthens over a slightly longer horizon, with 66% expecting to hit that 5% allocation within four to five years.

 Commenting on the growing focus wealth managers are placing on semi-liquid funds, Des Fullam

Chief Regulatory and Client Solutions Officer, Carne Group, said: “The democratisation of private markets must be met with a rigorous commitment to retail investor education. For this ‘retailisation’ trend to be sustainable, investors must fully grasp the mechanics of periodic redemptions and the long-term nature of the underlying assets. Empowering wealth managers with the right educational tools is as critical as the digital infrastructure itself in ensuring that mass-affluent investors can build truly diversified, resilient portfolios.”

 The manager pipeline: A Massive Supply Shift

While the demand from wealth managers is clear, the supply side is also moving quickly. Currently, only 2% of the private market fund managers surveyed have launched a semi-liquid fund. However, the survey reveals a massive potential pipeline of new entrants:

  • 19% of private market fund managers surveyed are considering launching a semi-liquid fund within the next 12 months
  • 42% plan to launch within 12 to 18 months
  • 29% are targeting a launch within 18 to 24 months

In total, over 90% of the managers surveyed intend to have a semi-liquid offering in market within the next two years, signalling a fierce competitive landscape as firms vie for retail market share.

 Des Fullam added: “We are seeing a historic pivot in how private capital is raised and deployed. Wealth managers are no longer viewing private markets as an optional ‘extra’ but as a core component of a modern, diversified portfolio. For fund managers, this represents a golden opportunity to tap into a massive, relatively untapped pool of retail capital.

 “However, the operational complexity of managing semi-liquid vehicles – balancing daily or monthly subscriptions with illiquid underlying assets – requires a level of digital sophistication and governance that many firms are only now beginning to implement.

 “As the industry moves toward the potential 2030 $3 trillion milestone, the distinction between “institutional” and “retail” investment strategies is blurring. The next decade of growth in private markets will not be driven solely by pension funds and other institutional investors, but also by the democratisation of access via the semi-liquid wrapper.”

 Regulatory tailwinds: The ELTIF and LTAF Boom

The expansion of the market is being underpinned by significant regulatory progress in Europe and the UK. The European Long-Term Investment Fund (ELTIF) 2.0 and the UK’s Long-Term Asset Fund (LTAF) have become the primary vehicles for this “retailisation” wave.

 Private market managers are overwhelmingly optimistic about these structures:

  • LTAFs: 84% of managers surveyed expect flows into LTAFs to increase over the next 12 months, with 44% predicting a “dramatic” increase
  • ELTIFs: 77% expect flows into ELTIFs to rise over the same period, with 34% anticipating dramatic growth