IKS Health Announces Acquisition of ARAI Solutions, an AI Management and Technology Company

Business Wire India

IKS Health, a global leader in care enablement solutions supporting clinicians, staff, and patients at every step of the care journey, is proud to announce the acquisition of ARAI Solutions, a pioneering, innovation-driven provider in the field of artificial intelligence. With ARAI Solutions, IKS Health is accelerating the development of a full agentic AI technology stack with capabilities to create its own more efficient small language model.

 

IKS Health currently possesses a powerful four-layer healthcare AI stack with EMR integration, platform orchestration, trust/compliance, and AI applications. ARAI’s ontology adds a critical knowledge layer, making IKS Health the only full-stack player with proprietary domain intelligence at every level.

 

ARAI’s interconnected biomedical knowledge graphs, based on peer-reviewed research, feed a central reasoning engine, directly mappable to IKS Health platform outputs. Through a large language model grounding layer, several areas will see accelerated platform development and reduced dependency on third-party AI infrastructure including:

 

  • Autonomous coding

  • Clinical decisions

  • Denial prevention

  • Prior authorization reasoning

  • Precision medicine

 

“ARAI’s clinical knowledge infrastructure makes IKS Health AI operational models even more economical, reliable, auditable, and capable of reasoning,” said Sachin K. Gupta, Founder and Global CEO of IKS Health. “Uniting ARAI with IKS Health adds a valuable and complementary layer to our platform as we scale our powerful AI-driven and human-in-the-loop approach with evolving clinical and regulatory guidelines.”

 

By integrating its own clinical reasoning and medical ontologies, IKS Health strengthens its competitive edge and accelerates growth while delivering reliable, explainable results for regulators and healthcare organizations that foundation models cannot provide.

 

“It’s clear that IKS Health is poised to disrupt the health tech industry by creating AI-driven systems of action that have exponential value,” said Dr. Roland Haas, co-founder and CEO of ARAI. “ARAI is pleased to join forces with IKS Health as they extend into next-generation clinical and operational AI models.”

 

As clinical and regulatory knowledge evolves, research-backed methodologies combined with AI are shaping the future of healthcare. ARAI’s explainable AI approach converts black box AI into glass box AI and allows for predictions that are transparent, explainable, and traceable.

 

“For decades we’ve constantly pushed the frontiers of innovation and set new AI industry benchmarks,” said Dr. Asoke Talukder, co-founder and CAIO of ARAI. “By using ARAI’s framework to fill the critical AI infrastructure knowledge layer, IKS Health will be the only full-stack player with proprietary domain intelligence at every tier.”

Inventurus Knowledge Solutions (IKS Health) Reports Robust FY26 Financial Results with 20% Revenue Growth and 48% Surge in Profit After Tax

Business Wire India

Inventurus Knowledge Solutions Limited (NSE: IKS), a leading technology-enabled healthcare solutions provider and care enablement platform for the US Healthcare industry, today announced its robust financial results for the fiscal year and quarter ended March 31, 2026. The company, widely recognized as IKS Health, reported an exceptional performance, driven by a 20% year-on-year (YoY) revenue growth and a significant 48% surge in Profit After Tax (PAT) for the full financial year 2026.

 

Key Financial Highlights: FY 2026

  • Revenue at Rs 31,938 million (20% YoY)

  • PAT at Rs 7,216 million (48% YoY)

  • EBITDA at Rs 10,913 million (38% YoY)

  • Adjusted PAT at Rs 8,087 million (47% YoY)

 

Consolidated Financial Highlights for the Financial Year 2025-26

 

FY2026

 (INR mn)

FY2025

(INR mn)

  FY26 Growth

Revenue

31,938

26,640

19.9%

PAT

7,216

4,861

48.4%

EBITDA

10,913

7,911

38.0%

Adjusted PAT

8,087

5,504

46.9%

 

Key Financial Highlights: Q4 FY26

  • Revenue growth in Q4 18% YoY in INR, 13% YoY in USD

  • PAT up 39% growth YoY; 12% QoQ

  • Q4 EBITDA up 33% YoY; 6.6% QoQ

  •  Adjusted PAT up 38% YoY; 5% QoQ

 

Consolidated Financial Highlights for the Quarter ended March 31, 2026:

 

Q4 FY 2026

(INR mn)

Q3 FY 2026

(INR mn)

Q4 FY 2025

(INR mn)

Growth

Revenue

 8,577

8,150

7,240

18.5% YoY

PAT

2,060

1,833

1,478

39.4% YoY

EBITDA

3,002

2,816

2,262

32.7% YoY

Adjusted PAT

2,269

2,154

1,646

 37.9% YoY

 

Our performance this fiscal year underscores the deep value we bring to clinician enterprises as they navigate an increasingly complex US healthcare landscape. Ending the year with a strong 20% YoY revenue growth in FY 2026 is a testament to the scalability of our care enablement platform,” said Sachin K. Gupta, Founder & CEO, IKS Health. “Our ‘AI + Human’ model is now the industry standard for sustainable growth, as proven by our expanding partnerships with top-tier health systems. By deploying autonomous engines and agentic AI like MyCareHub™, we are providing the clinical and financial intelligence needed to transform care delivery. We enter FY27 with the financial strength to accelerate this AI-driven momentum.”

 

Nithya Balasubramanian, CFO, IKS Health, said, “Our fiscal year concluded with exceptional operational discipline, reflected in our 38% YoY EBITDA growth and significant margin expansion. The 48% rise in PAT for the year demonstrates our ability to scale efficiently and deliver profitable growth through a resilient business model which leverages the latest technology and global delivery. With a strong balance sheet and robust cash flow generation, we are well-positioned to continue investing in our technology platform to drive long-term, sustainable value for our shareholders.”

 

Business Highlights:

  • AI Portfolio Expansion: Aquihired ThinkDTM, an AI-native digital services firm, integrating a specialized team of experts to accelerate the development of patient access solutions.

  • Next-Gen Product Launches: Introduced two major Epic-integrated solutions available on the Epic Connection Hub:

    • Autonomous RCM Coding Engine: An AI-driven solution achieving 95% accuracy, reducing denials through a blend of autonomous assignment and expert review.

    • MyCareHub™: An agentic AI “self-orchestrating” platform that uses multi-agent algorithms to automate and personalize patient engagement.

  • Strategic AI Partnerships: Formed a collaboration with Certilytics to unify payer rules and provider workflows using agentic AI and human oversight.

  • Market Expansion & Client Wins:

    • Secured a multi-year, full-platform partnership with Holyoke Medical Center to drive financial stability through AI-led clinical and administrative solutions.

    • Expanded the platform relationship with Mission Community Hospital to include development of advanced AI capabilities within the hospital environment to improve operational efficiencies.

  • Expanded a major Revenue Cycle (RCM) and Value-Based Care (VBC) partnership with a Top 5 U.S. Health System, extending services into new regions and states.

 

Industry Recognition & Awards

  • Recognition: ET Edge Best Organisations for Women 2026

  • FE AICONIC Award: Best Use of AI in Healthcare & Lifesciences – for the IKS Health Virtual Care Assistant Solution

 

Safe Harbour

Certain statements in this release concerning our future growth prospects may be seen as forward-looking statements, which involve a number of risks and uncertainties that could cause the actuals to differ materially from such statements. It is not possible to undertake to update any such statement that may have been made from time to time.

NIPPON KINZOKU Strengthens Promotion of “L-Core” as an Eco-Product: Functional Stainless Steel Achieving High Conductivity via Surface Modification

Business Wire India

NIPPON KINZOKU CO., LTD. (TOKYO: 5491) (Headquarters: Minato-ku, Tokyo) is proud to announce the strengthened promotion of “L-Core,” a functional stainless steel that utilizes proprietary surface modification technology to achieve extremely low contact resistance while maintaining the inherent corrosion resistance of stainless steel. We have repositioned L-Core as a strategic “Eco-Product” to support sustainable manufacturing.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260513728897/en/

 

 

While conventional stainless steel excels in corrosion resistance due to its "passive film," this same film typically acts as an electrical insulator. Consequently, components requiring conductivity have traditionally relied on high-cost nickel (Ni) plating or conductive tapes. L-Core solves this challenge by making the passive film itself conductive. This breakthrough ensures high conductivity in the material alone, streamlining the manufacturing process and achieving significant cost reductions alongside a lower environmental footprint.

While conventional stainless steel excels in corrosion resistance due to its “passive film,” this same film typically acts as an electrical insulator. Consequently, components requiring conductivity have traditionally relied on high-cost nickel (Ni) plating or conductive tapes. L-Core solves this challenge by making the passive film itself conductive. This breakthrough ensures high conductivity in the material alone, streamlining the manufacturing process and achieving significant cost reductions alongside a lower environmental footprint.

 

By integrating high-performance characteristics directly into the base material, we enable customers to skip redundant processing steps and improve material yields. This approach not only streamlines manufacturing but also reduces the environmental footprint across the entire supply chain, driving progress toward a carbon-neutral society.

 

1. Technical Features: Formation of “Carrier Doping” (Conductive Pathways)

 

 

Using proprietary surface treatment technology, we form “carrier-doped” regions within the passive film that function as pathways for electricity.

 

 

  • Balancing Conductivity and Corrosion Resistance: The film is modified without being destroyed, preserving the excellent corrosion resistance inherent to stainless steel.
  • Eliminating Post-Processing: Since the material itself offers low resistance, it can be used for conductive components without additional steps like plating.

 

 

2. Performance Data: Superior Contact Resistance and Long-term Stability

 

L-Core demonstrates low contact resistance comparable to semi-bright Ni plating and maintains this performance even under harsh conditions.

 

 

  • Low Contact Resistance: Delivers significantly lower resistance compared to conventional stainless steel (SUS304 BA).
  • High Reliability: Almost no performance degradation was observed even after 2,700 hours in a high-temperature, high-humidity environment (60°C, 95% RH).

 

 

3. Key Benefits for Customers: Cost Reduction and Quality Improvement

 

It offers advantages in both cost and quality compared to nickel-plated stainless steel.
https://www.nipponkinzoku.co.jp/assets/images/2026/05/Characteristic-comparison-with-Ni-plating.png

 

 

4. Product Specifications & Production Capabilities

 

 

  • Applicable Steel Grades: All austenitic series (e.g., SUS301, SUS304, etc.)
  • Thickness: 0.05 mm – 0.30 mm
  • Width: Up to 200 mm
  • Finishes: Compatible with all finishes except for TA (Tension Annealing)

 

 

5. Application Examples

 

  • Smartphone chassis
  • Flexible Printed Circuits (FPC)
  • Display bezels (LCD, etc.)
  • Electrical connectors

 

 

Click here for more details.
https://www.nipponkinzoku.co.jp/assets/images/2026/05/20260513-En-Press-Release.pdf

 

About NIPPON KINZOKU Group

 

 

Our products have been used in a range of areas from the precision field to the construction industry. https://www.nipponkinzoku.co.jp/en/

 

 

 

 

 

Adtran expands SDG 8700 Series to deliver Wi-Fi 7 at scale

Business Wire India

News summary:

  • Service providers are replacing aging in-home Wi-Fi equipment as expectations rise and competitive pressure accelerates next-generation Wi-Fi adoption
  • SDG 8700 Series now supports Wi-Fi 7 across the full range of mass-market residential to premium SMB service offerings
  • Expanded portfolio delivers scalable, high-quality Wi-Fi 7 experiences while maintaining operational consistency and regulatory readiness

Adtran today announced an expansion of its SDG 8700 Series, extending Wi-Fi 7 across a broader range of residential service tiers and deployment models. The expanded portfolio introduces new 2.5Gbit/s and 10Gbit/s Wi-Fi 7 platforms designed to support the full spectrum of multigigabit services – from entry-level offerings to premium tiers – across residential, SMB, MDU and community Wi-Fi deployments. As service providers enter a new access refresh cycle, Wi-Fi 7 is rapidly becoming a baseline requirement rather than a premium differentiator. Adtran’s expanded SDG 8700 portfolio enables providers to deploy next-generation Wi-Fi more broadly and consistently without compromising subscriber experience or changing operational models. The launch also builds on the FCC’s recent conditional approval of Adtran’s SDG portfolio, supporting continued broadband rollout momentum.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260513003660/en/

 

 

Adtran’s new SDG 8700 devices will help service providers deliver Wi-Fi 7 at scale.

Adtran’s new SDG 8700 devices will help service providers deliver Wi-Fi 7 at scale.

 

“Service providers are telling us the decision to adopt Wi-Fi 7 has already been made. The real challenge is deploying it widely and consistently,” said Christoph Glingener, CTO of Adtran. “Competitive pressure is accelerating Wi-Fi 7 standardization, and providers want to deliver high-quality experiences to their full subscriber base, not just premium tiers. Our SDG 8700 Series delivers Wi-Fi 7 at scale, offering a clean path from legacy gateway refresh to next-generation in-home experiences while maintaining consistency across provisioning, management and support.”

 

Adtran’s expanded SDG 8700 Series includes its third-generation dual-band and tri-band Wi-Fi 7 gateways. The new devices support 2.5GbE and 10GbE connectivity options, along with optional voice configurations. Built on Adtran’s SmartOS platform, the gateways operate within a unified software environment shared across the SDG portfolio, simplifying upgrades, testing and operational support. Native support for Intellifi®, TR-369 and Plume gives service providers the flexibility to align with their preferred subscriber experience platforms while maintaining consistent operations, simplified lifecycle management and long-term platform continuity across residential networks.

 

 

“In-home connectivity is undeniably where broadband experience is being defined, which means platforms must evolve cleanly across technology generations and deployment scenarios,” commented Eric Presworsky, GM of subscriber solutions at Adtran. “Our SDG 8700 Series expansion reflects a wider portfolio strategy centered on scalable, open platforms, software continuity, operational flexibility and consistency. By enabling Wi-Fi 7 standardization across service tiers today, we’re helping providers modernize at their own pace while building a strong, stable foundation for future broadband innovation.”

 

 

About Adtran

 

 

ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) is the parent company of Adtran, Inc., a leading global provider of open, disaggregated networking and communications solutions that enable voice, data, video and internet communications across any network infrastructure. From the cloud edge to the subscriber edge, Adtran empowers communications service providers around the world to manage and scale services that connect people, places and things. Adtran solutions are used by service providers, private enterprises, government organizations and millions of individual users worldwide. ADTRAN Holdings, Inc. is also the majority shareholder of Adtran Networks SE, formerly ADVA Optical Networking SE. Find more at Adtran, LinkedIn and X.

 

 

Published by 
ADTRAN Holdings, Inc. 
www.adtran.com

 

 

 

 

 

The LYCRA Company Launches LYCRA® ADAPTIV fiber for Nonwovens, Advancing Comfort and Fit in Disposable Hygiene at INDEX™ 26

Business Wire India

 

The LYCRA Company, a leader in innovative and sustainable fibers for apparel and personal care, today announced the official global launch of LYCRA® ADAPTIV fiber for nonwovens at INDEX™ 26, in Geneva, Switzerland, May 19–22.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260514856391/en/

 

 

At INDEX™ 26 in Geneva, The LYCRA Company debuts LYCRA® ADAPTIV fiber for nonwovens, a next-generation stretch solution that delivers enhanced comfort, a secure fit, and helps enable inclusive sizing for baby diapers, adult incontinence, and feminine care products.

At INDEX™ 26 in Geneva, The LYCRA Company debuts LYCRA® ADAPTIV fiber for nonwovens, a next-generation stretch solution that delivers enhanced comfort, a secure fit, and helps enable inclusive sizing for baby diapers, adult incontinence, and feminine care products.

 

 

This breakthrough stretch fiber, already trusted by leading global apparel brands, now ushers in a new era of comfort, fit, and performance for baby diapers, disposable hygiene products, adult incontinence, and feminine care.

 

LYCRA® ADAPTIV fiber is engineered to address key unmet needs in hygiene and personal care. According to the company’s proprietary research, these include fit flexibility, shape retention, comfort in motion, ease of use, and stay-in-place performance. Its unique polymer formulation adapts to the wearer’s body, delivering a soft, easy stretch that enhances comfort; a secure fit to help minimize leakage; inclusive sizing for a wider fit window; easy donning and doffing for users and caregivers; and reduced concentrated compression to help minimize red marks on skin.

 

 

“LYCRA® ADAPTIV fiber is a major leap forward for hygiene and personal care. This technology adapts to real bodies and how they move—an essential demand of today’s consumers,” said Doug Kelliher, executive vice president, product, The LYCRA Company. “By introducing our proven apparel innovation to this space, we help manufacturers deliver a more personalized, comfortable, and secure wearing experience—without adding product complexity.”

 

 

Award Nomination and Seminars

 

 

LYCRA® ADAPTIV fiber has been nominated for the INDEX™ Awards in the Raw Material & Componentcategory. It’s being recognized for its potential to deliver a consistent and inclusive user experience across a wider size range, addressing an industry-wide challenge. The award will be presented at EDANA’s stand (1530) on May 19 at 10:30 CET.

 

 

Jovan Phillips, The LYCRA Company’s product manager, personal care, is presenting two seminars at INDEX™ 26:

 

 

  • From Apparel to Hygiene: LYCRA® ADAPTIV Fiber Redefines Comfort and Fit,May 21 at 14:00 CET.
  • The Power of Partnership: From Farm to Fiber – Introducing Renewable LYCRA® Fiber, May 20 at 15:30 CET.

 

 

Visitors are invited to explore additional hygiene and nonwoven solutions, including Renewable LYCRA® fiber made from 70 percent plant-based content, at The LYCRA Company’s stand (2151) at INDEX™ 26.

 

About The LYCRA Company

 

 

The LYCRA Company innovates and produces fiber and technology solutions for the apparel and personal care industries and owns the leading consumer brands: LYCRA®, LYCRA HyFit®, LYCRA® T400®, COOLMAX®, THERMOLITE®, ELASPAN®, SUPPLEX® and TACTEL®. Headquartered in Wilmington, Delaware, U.S., The LYCRA Company is recognized worldwide for its sustainable products, technical expertise, and marketing support. The LYCRA Company focuses on adding value to its customers’ products by developing unique innovations designed to meet the consumer’s need for comfort and lasting performance. Learn more at thelycracompany.com.

 

 

 

 

 

Bajaj at 100: From Freedom Movement to Global Scale PM Narendra Modi Hails a Century of Nation-Building

Business Wire India

 

  • The Bajaj Group, one of India’s largest conglomerates by market cap at US$ 148 billion, serves 1 in 3 Indian households across automobiles, financial services, consumer electricals and engineering

  • A Century of trust: The Bajaj Group traces its roots to its founder Jamnalal Bajaj, freedom fighter, social reformer, philanthropist, industrialist, and considered the fifth adopted son of Mahatma Gandhi, who set up the Group’s first office in Mumbai (then-Bombay) in 1926.

The Bajaj Group, one of India’s oldest family businesses and among its largest conglomerates by market cap at $USD 148 billion, today commemorated 100 years in business – with Hon’ble Prime Minister Shri Narendra Modi extending his greetings on a milestone that traces India’s own arc – from the freedom movement to its global economic rise.

 

Founded in 1926 in Mumbai (then-Bombay) by Jamnalal Bajaj, a freedom fighter, social reformer, philanthropist, industrialist and considered the fifth adopted son of Mahatma Gandhi, the Bajaj Group serves one in three Indian households and employs over 130,000 employees.

 

With over 100 companies, exports to over 100 countries, and an upcoming foray into healthcare, the Bajaj Group has built one of India’s most trusted brands across automobiles, financial services, consumer electronics and engineering. Some of its listed companies include Bajaj Auto, Bajaj Finserv, Bajaj Holdings & Investment, Bajaj Finance, Bajaj Housing Finance, Bajaj Electricals and Mukand.

 

In a message to the Bajaj family recognising the Bajaj Group’s contributions to nation-building, Hon’ble Prime Minister Shri Narendra Modi, said, “On the occasion of the centenary of the Bajaj Group, I extend my greetings and best wishes to everyone associated with this milestone. A hundred years is a significant journey for any institution. It reflects not only longevity, but also the ability to adapt to changing times, contribute to economic growth and remain relevant across generations.

 

Started under the leadership of Shri Jamnalal Bajaj, the Bajaj Group has been a part of India’s industrial and economic landscape through many phases of our nation’s development. It has grown into a diversified company with operations across various sectors, which serve customers both in India and across the world.

 

“Over the decades, the Bajaj Group has played an important role in nation-building by creating jobs, fostering innovation and supporting community development. Milestones such as this are an opportunity to reflect on key contributions, as well as to renew commitment towards growth, sustainability and inclusive progress.

 

“India is moving forward with new aspirations in manufacturing, innovation and global competitiveness. Institutions with deep roots and experience such as the Bajaj Group have an important role to play in shaping the journey towards Viksit Bharat by 2047.

 

Greetings to everyone at the Bajaj Group once again on this memorable occasion. I am confident that the years ahead will be about continued progress and meaningful contributions to the nation’s development.”

 

The Bajaj Group’s social impact efforts, focused on youth skilling and employment, child health, education and protection, have positively impacted the lives of over 10 million beneficiaries.

 

The centenary celebration at the National Sports Club of India, Mumbai, brought together family members, captains of industry, Union and State Ministers, political leaders, celebrities and partners. The evening traced the family’s journey, from its role in India’s freedom struggle, through the shift from trading to manufacturing and financial services, to new-age technologies that its businesses lead today.

 

Highlights included addresses by the Bajaj family, a specially composed live performance by Grammy award winner and globally acclaimed composer Ricky Kej and his troupe, the screening of ‘Kathni Karni Eksi’, a film on Jamnalal Bajaj and Mahatma Gandhi, directed by Rajkumar Hirani, and the unveiling of the ‘100 years of Bajaj’ logo.

 

Speaking on the occasion:

 

Niraj Bajaj, Chairman, Bajaj Auto, in his address themed ‘India and Bajaj’, said:

As a family, we thank our Hon’ble Prime Minister Shri Narendra Modi for his wishes and encouraging words. The story of Bajaj and the story of India have never really been separate. India’s journey towards self-reliance did not begin recently. It began nearly a century ago — when visionary Indians believed that Bharat must build for itself, produce for itself, and stand on its own feet. One of those pioneers was Jamnalalji — our founder. His philosophy of ‘common good over individual gain’ shaped our decisions across generations. His spouse, Jankideviji Bajaj, was India’s first lady recipient of the Padma Vibhushan.

 

Jamnalalji’s philosophy was taken forward successfully by his sons Kamalnayan Bajaj and Ramkrishna Bajaj, both brought up under the eye of Mahatma Gandhi, during their formative years. Thereafter, Rahul Bajaj, a giant among corporate leaders, established a result oriented yet human, ambitious yet honest, organization. As industries grew and capabilities expanded, one thought remained constant: Build in India. Build for India. And build India.”

 

Rajiv Bajaj, Managing Director, Bajaj Auto, in his address themed ‘Globalisation’ said:

What we say and what we do must always be the same. And perhaps that is why the Bajaj journey did not become just a story of growth. It became a story of trust. Today, Bajaj Auto is not just one of India’s largest two-wheeler companies. It is among the top three globally. Our vehicles are sold in over 100 countries in Africa, Latin America and Southeast Asia. The Pulsar brand today stands with global players, not behind them. And when we partnered with KTM, an iconic Austrian motorcycle company — it was not just a business deal. This shows that an Indian company is not just a follower, it is a co-creator of global brands. It also proves that legacy and innovation can walk together. Today’s India does not only participate, but it also competes in the global economy.”

 

Nirav Bajaj, CEO, Bajaj Integrated Health System, in his address themed ‘Inclusive Development’ said:

Jamnalalji believed that business was not separate from society. He said business should be pursued with a view to benefit the poor. Within the family, we often say that society must profit from profit itself. That has meant ensuring that growth reaches even the poorest of the poor. Bajaj Beyond, our CSR initiative, is the next expression of a 100-year philosophy. An effort to take everything we have learned and build models that can scale across India. Across education, livelihoods and sustainability, with a clear ambition to enable and impact over 2 crore young Indians in the next five years. Because if the first 100 years were about building institutions, the next 100 will be about building ecosystems.”

 

Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv, in his address themed ‘India and the Next 100’ said:

“My father Rahul Bajaj would often say – I firmly believe in the ‘Idea of India’, in our country’s diversity and in its enterprising youth. The next chapter of India’s rise will be written by technology and innovation, and most importantly by the youth. At Bajaj, we don’t see AI only as a technology trend. We see it as a powerful force that will further financial inclusion. Because access to finance actually means access to opportunity. For over a century, we have viewed our businesses through this same lens: as platforms built to offer hope, freedom, and entrepreneurship. We believe that when potential is given a stage, the entire country moves forward.”

 

Shekhar Bajaj, Chairman & Managing Director, Bajaj Electricals, in his address on Jamnalal Bajaj’s values and the social impact he created, said:

“Jamnalalji’s work spanned social equity, education for women and children, rural upliftment, promotion of khadi, abolition of purdah, dowry, child marriage and whole-hearted participation in the freedom movement. Should success be measured only in numbers and scale? Or in lives touched, values upheld, and communities strengthened. As we step into the next 100 years of Bajaj perhaps the answer to that question will define the institution we continue to build.”

Indian Fintech Company iServeU Rewards Leading Performer with TVS Ronin Bike at In-House Training Drive

Mumbai, May 13: iServeU, a global leader in payment infrastructure and banking technology, recently conducted an in-house ReactJS training programme as part of its ongoing focus on employee learning and skill development. The initiative aimed to help employees strengthen their front-end development capabilities and progress toward becoming full-stack developers.

Indian Fintech Company iServeU Rewards Top Performer with TVS Ronin Bike at In-House Training Drive

The training programme was conducted across four batches and saw participation from 140 employees. The sessions focused on key areas of modern frontend development, including component-based architecture, API integration, and responsive application design using ReactJS.

The programme included practical assignments and hands-on learning sessions designed to provide participants with exposure to real-world development practices and collaborative problem-solving approaches.

Speaking about the initiative, Sanjib Kumar Parida, CTO of iServeU, said,

“We strongly believe that continuous learning is essential for both individual and organizational growth. Technology is evolving rapidly, and it is important for teams to continuously upgrade their skills to stay future-ready. This ReactJS training programme was designed to create more opportunities for our employees to learn, collaborate, and grow into stronger technology professionals.

The initiative received an encouraging response from employees, with participants actively engaging throughout the programme. To recognize consistent effort and performance, five top performers from each batch, 20 employees in total,were honoured for their outstanding performance.

The overall winner of the training program was awarded a Ronin bike in recognition of their performance and dedication during the course.

The initiative reflects iServeU’s continued focus on building a skilled and future-ready workforce through continuous learning and employee development initiatives.

Amazfit Unveils the Cheetah 2 Ultra: The Performance Trail Running Watch Built to Master the Toughest Mountain Trails

Business Wire India

Amazfit, a leading global smart wearable brand owned by Zepp Health, today announced the Cheetah 2 Ultra. Building on the momentum of the recently launched Cheetah 2 Pro—designed for road marathoners—the Ultra is a specialized instrument for trail runners who measure success in elevation, unpredictable terrain, and hours spent on the move.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260513230718/en/

 

 

Built for ultra distances and mountain racing, the Cheetah 2 Ultra combines long battery life, precision navigation, and advanced training insights to carry more distance and control more load.

Built for ultra distances and mountain racing, the Cheetah 2 Ultra combines long battery life, precision navigation, and advanced training insights to carry more distance and control more load.

 

Amazfit’s Cheetah 2 Ultra is built for runners who prepare for ultra distances and mountain races, boasting 33-hour trail running optimized GPS battery life, full-color contour maps, Grade 5 titanium construction, and advanced training and recovery insights. Amazfit designed the Cheetah 2 Ultra to support the preparation required for long-course mountain racing from start to finish.

 

Engineered for Distance, Structured for Load

 

 

In ultra-running, distance is sustained through endurance, but load must be carried through structure. The Cheetah 2 Ultra pairs a Grade 5 titanium bezel, frame, and back cover with scratch-resistant sapphire glass to deliver exceptional structural integrity and strength without adding unnecessary weight. Built to withstand the rigors of technical mountain trails while remaining light on the wrist, the watch features a vibrant 1.5-inch AMOLED display with up to 3,000-nit peak brightness for clear readability from early alpine starts to late mountain finishes. A built-in dual-mode flashlight, with adjustable white, red, SOS, and Boost modes up to 300 lux, adds confidence during early morning and late evening efforts in the mountains.

 

 

Trail-Ready Battery Life That Matches the Distance

 

 

Built to support long stretches of training and racing, the Cheetah 2 Ultra offers up to 33 hours of battery life in Trail Running Mode, with the always-on display, heart rate monitoring, dual-frequency GPS, all-satellite positioning, and map navigation enabled. Off the trails, users can expect up to 30 days of typical battery life, helping the Cheetah 2 Ultra keep pace with both training cycles and daily life.

 

 

Navigate with Confidence Across Any Terrain

 

 

The Cheetah 2 Ultra delivers precision navigation built for the complexity of mountain racing.

 

 

  • Dual-frequency six-satellite positioning: A circularly polarized GPS antenna ensures accurate, dependable route tracking through dense forests, steep canyons, and technical terrain.

 

  • Alpine-Ready Clarity: A vibrant 1.5-inch AMOLED display protected by scratch-resistant sapphire glass features 3,000-nit peak brightness, making data easily readable under the intense glare of high-altitude sun.
  • Full-Color Navigation: Topographic and contour maps deliver responsive navigation with rendering speeds 2.5 times faster and refresh speeds 12 times faster than before. Runners can create point-to-point routes, search nearby points of interest, and automatically reroute without needing a phone or network, so navigation stays reliable when focus and terrain demand the most. The upgraded Trail Running Mode includes a new elevation overview that color-codes slope difficulty across the entire route, giving runners a clear, at-a-glance view of what’s ahead and how to manage it. Trail Running Mode also applies load factor calculations for gradient, terrain resistance, and vertical gain, so exercise data reflects the true intensity of mountain effort.

Train Hybrid. Prepare Better.

 

Hybrid Training in the Zepp App organizes preparation across endurance, strength, and recovery, with Weekly Structure showing how training load is distributed so athletes can build volume without the fatigue that derails long training blocks. BioCharge™ energy monitoring translates overnight recovery into a daily readiness signal, while VO₂ max, fatigue level, training status, HRV, sleep, and training load insights help runners understand when to push forward and when to recover. Focus turns those signals into a clear training recommendation, helping each day support long-term progress.

 

 

With Cheetah 2 Ultra capturing performance in the moment, the system extends from preparation into execution, connecting how runners plan, perform, recover, and adapt over time.

 

 

Metrics That Define Progress Over Distance

 

 

The Cheetah 2 Ultra translates training data into meaningful guidance for mountain runners. Advanced running metrics, including lactate threshold, running power, pacing analysis, gait tracking, and finish time predictions, give runners a clearer understanding of how they move and how they can improve. Ground contact time and posture tracking add biomechanical depth to help runners train with greater intention across demanding terrain.

 

 

For those seeking deeper control, the watch integrates with advanced third-party platforms including TrainingPeaks, Runna, and Intervals.icu, while syncing activities with Strava. With 64GB of onboard storage, the Cheetah 2 Ultra also supports over 100 hours of podcasts and additional mapping.

 

 

“The Cheetah 2 Ultra is built for trail runners facing prolonged exposure in unpredictable terrain,” said Wayne Huang, CEO of Zepp Health. “By focusing on a ‘Structured for Load’ design, we’ve refined strength through architecture rather than bulk, creating a tool that supports the runner from the first mile of preparation to the final meter of the race.”

 

 

Pricing and Availability

 

 

The Cheetah 2 Ultra will be available for purchase starting May 13, 2026, for $599.99 on Amazfit.com.

 

 

About Amazfit

 

 

Amazfit, a global smart wearable and fitness leader, is part of Zepp Health (NYSE: ZEPP), a health technology company with its principal office based in Gorinchem, the Netherlands. Zepp Health operates as a distributed organization, with team members and offices across the Americas, Europe, Asia, and other global markets.

 

 

Amazfit builds smart wearables designed around movement—training with intention, recovery with balance, and evolution over time. Built for the way people train today, Amazfit blends endurance, strength, and recovery into a single, coherent rhythm to support sustainable progress over time.

 

 

Behind Amazfit is Zepp, which builds the intelligence that supports its training experience. For more information, visit www.amazfit.com.

 

 

 

 

 

Carta Launches Carta Law with Acquisition of Avantia

Business Wire India

Carta, the agentic enterprise resource planning (ERP) platform for private capital, today announced it has acquired Avantia, a leading AI-powered legal and compliance law firm for asset managers. The acquisition launches Carta Law—the largest AI-native, integrated legal and compliance solution for private markets—unifying legal and compliance workflows with fund operations on a single platform.

 

Private capital firms have long operated with fragmented infrastructure, with fund administration, compliance, and legal services spread across separate vendors. Deal teams wait days for NDAs. Limited partner onboarding to new funds is delayed by KYC backlogs. General counsels lose visibility into legal spend or institutional precedent. As deal velocity increases and regulatory complexity grows, this fragmentation becomes a competitive disadvantage and operational barrier for funds. With the acquisition of Avantia and the introduction of Carta Law, the industry will have a single-platform solution.

 

 

“Avantia built the best legal and compliance product for private capital and now we’re making it foundational infrastructure,” said Henry Ward, Chief Executive Officer, Carta. “The largest PE firms in the world are paying top-tier law firms for high-volume, ultimately routine legal work, and they shouldn’t have to. Carta Law changes that by connecting Avantia’s AI-native delivery, outcome-based pricing, and lawyer-backed review directly to Carta’s system of record for private capital.”

 

 

Carta Law delivers three core capabilities:

 

 

  • Speed with institutional verification: Every legal and compliance recommendation is run against AI for fast, uniform results before being verified by seasoned professional attorneys from a registered law firm.
  • Institutional-grade legal review at scale: AI-native legal workflows rapidly process high-volume transactional work, eliminating the operational drag of routine contracts and compliance, so GCs and CCOs can focus on high-stakes strategic risk.
  • Agent-orchestrated workflows across fund operations: Codify firm standards—from KYC matrixes to NDA details—into a single source of truth backed by attorney oversight.

 

Avantia is already trusted by 200+ global asset managers, including 30% of the world’s largest funds, supporting transactions across more than $15 trillion in assets under management. By integrating Avantia’s AI workflow engine, Ava, into Carta’s ERP, firms can now unify legal and compliance decisions with fund operations on a single platform—following the same model Carta used with cap tables, valuations, fund taxes, and fund administration. With Carta Law, every action that results in a record can be traced to a legal action and compliance check on the same platform, and compliance decisions are recorded and auditable, creating institutional memory that informs future deal work.

 

“We founded Avantia in 2019 on a contrarian bet — that AI could deliver legal and compliance outcomes, not just assist with them,” said James Sutton, CEO, Avantia. “Pioneering that outcome-as-a-service model drove rapid growth across some of the world’s largest asset managers, and ultimately brought us here. Now, as part of Carta, we are excited to take it to the whole ecosystem.”

 

 

Carta Law is part of Carta’s broader infrastructure strategy to support transparency, accuracy and speed in decision-making for private fund operations. Earlier this year, Carta acquired ListAlpha, integrating deal team and investor relations workflows and AI-powered insights into the same ERP. Carta is embedding AI throughout its offerings—through plugins with Claude and other AI models, and specialized agents that connect deal sourcing for investment teams, portfolio analytics for LPs, fund insights for CFOs, LP engagement for GPs and more to the actual fund ledger.

 

 

Existing Avantia clients will continue receiving the same services and can now connect Carta Law to Carta’s full ERP—integrating legal and compliance with fund administration, CRM, portfolio analytics, and LP management.

 

 

To learn more, visit carta.com/blog/avantia-law-acquisition/. For more information about Carta, visit carta.com.

 

 

About Carta

 

 

Carta is the agentic ERP for private capital, connecting the entire ecosystem—from GPs and LPs to CEOs, CFOs, employees, and advisors. Trusted by 50,000 companies in 160+ countries, our platform streamlines every ownership workflow, making it easier to understand, manage, and grow equity. With software and services built to scale, Carta empowers you to build, invest, and grow with confidence. Carta’s Fund Administration platform supports 9,000 funds and SPVs, representing $220B+ in assets under management, with tools designed to enhance the strategic impact of Fund CFOs. Recognized by Fortune, Forbes, Fast Company, Inc. and Great Places to Work, Carta is transforming how private capital operates.

 

 

For more information visit carta.com

 

 

 

 

 

CleverTap and Rabbit Rewards win Silver at Thailand MarTech Awards 2026 for real-time, agentic customer engagement

The partnership delivers 85% uplift in engagement and drives measurable impact through AI-powered decisioning. 

MUMBAI, INDIA, May 13 - CleverTap, the all-in-one customer engagement platform, has won Silver at the Thailand MarTech Awards 2026 in the Impact MarTech category, in partnership with Rabbit Rewards, the loyalty and lifestyle platform for Bangkok’s BTS Skytrain and a widely used commuter ecosystem in Southeast Asia. 
 
 

CleverTap and Rabbit Rewards win Silver at Thailand MarTech Awards 2026 for real-time, agentic customer engagement

 

The recognition highlights how CleverTap and Rabbit Rewards have transformed customer engagement by building a real-time, agentic engagement model powered by autonomous decisioning, designed to serve millions of commuters in a high-frequency environment. 

Rabbit Rewards operates at the intersection of daily commuting, payments, and lifestyle services, where user behavior shifts constantly based on routine, timing, and location. Traditional campaign-led approaches, built on static segmentation and fixed schedules, were unable to keep pace and often resulted in delayed or irrelevant engagement. 

To address this, Rabbit Rewards partnered with CleverTap to implement a real-time decisioning layer that continuously interprets live behavior and determines the next best action for each user. 

With CleverAI™, and its suite of tools — including IntelliNODE and Best Time Optimization among others — Rabbit Rewards deployed trigger-based, omnichannel journeys across push notifications, in-app messaging, email, and SMS. These journeys span onboarding, renewals, promotions, and re-engagement, and adapt continuously to commuter behavior. 

The shift to real-time, behavior-led engagement delivered clear, measurable outcomes: 

  • 85% uplift in click-through rates (CTR) 

  • 62.6% week-4 repeat transactions among engaged users, compared to 18.7% for non-engaged users 

  • 2.4% of total transactions directly influenced by CleverTap-powered engagement 

Beyond these results, Rabbit Rewards significantly improved the quality of customer engagement. Communication became more timely, contextual, and aligned with commuter needs, strengthening trust and positioning the platform as a more intuitive, lifestyle-oriented companion for daily users. 

“Our vision has always been to make everyday commuting more seamless, rewarding, and relevant for our users. Through our partnership with CleverTap, we have successfully transitioned from traditional campaign execution to a real-time engagement model that understands and responds to commuter behavior in the moment. 

CleverAI™ has enabled us to deliver more personalized and timely experiences at scale, strengthening both customer engagement and long-term loyalty. This collaboration goes beyond technology — it is about ensuring Rabbit Rewards shows up for our members in ways that feel personal, timely, and genuinely useful throughout their daily journeys,” said Kamolwan Korphaisarn, Program Director, Rabbit Rewards 

“Enterprises today sit on a surplus of data, but turning those data points into timely, meaningful action remains a big challenge. With CleverAI™, we’re enabling brands to move beyond static campaigns to intelligent systems that continuously interpret behavior, determine the next best action, and deliver truly personalized experiences in real time. Our work with Rabbit Rewards shows how this approach drives stronger engagement while enabling seamless, context-aware customer journeys at the scale of the individual,” said Anand Jain, Co-founder and Chief Marketing Officer, CleverTap.