AD Ports Group Announces Formation of UAE’s First Shipbuilders Consortium

Unified platform to align national shipbuilding capabilities to drive maritime innovation and growth

Abu Dhabi, UAE – 15 May 2026: AD Ports Group (ADX: ADPORTS), a global enabler of integrated trade, transport, industry, and logistics solutions, has announced the formation of the Consortium of UAE Shipbuilders, a unified platform across shipbuilding, vessel repair, fabrication, and marine engineering.

The Consortium brings together an initial group of national industry players spanning shipbuilding, steel production, marine engineering, and fabrication, including AD Ports Group, SAFEEN Drydocks, Premier Marine Engineering Services, Dubai Shipbuilding & Engineering (DSBE), Al Seer Marine, Dutch Oriental, JOME Engineering, Saifee, Blue Gulf Ship Builders, and MBK Marine Industries, among others.

AD Ports Group Announces Formation of UAE’s First Shipbuilders Consortium

The Consortium will enhance collaboration and strengthen the UAE’s position within the maritime industrial sector. It will improve visibility across project pipelines, enable more efficient procurement, and support coordinated execution, increasing delivery capability and overall sector competitiveness across the full maritime value chain, including increased participation by locally based small and medium-sized shipyards.

Led by Noatum Maritime, part of the Group’s Maritime & Shipping Cluster, the initiative is designed to strengthen coordination across the domestic maritime sector and provide opportunities for small and medium-sized companies to access larger and more complex projects in both local and international markets. 

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO of AD Ports Group, said: “The establishment of the UAE’s first Shipbuilders Consortium reflects our commitment to advancing the nation’s industrial capabilities, in line with the vision of our wise leadership in the UAE and broader economic diversification objectives. By strengthening alignment across the sector, we are enabling greater scale, enhancing competitiveness, and positioning the UAE to play a more prominent role in global maritime trade and manufacturing. Through our maritime division, we are helping to shape a more connected and competitive national shipbuilding ecosystem.”

Noatum Maritime delivers shipbuilding and repair capabilities in the UAE through SAFEEN Drydocks, a joint venture with Premier Marine Engineering Services. Internationally, SAFEEN Drydocks has expanded its shipbuilding footprint by acquiring the Balenciaga Shipyard in Spain, further strengthening its ability to support complex vessel construction and fabrication projects across global markets.

As the lead entity, Noatum Maritime is well-positioned to define the governance and commercial framework for the Consortium, ensuring alignment with the UAE’s strategic goals for industrial growth and economic diversification.

New Analysis in JNCCN Offers Evidence for Effective Use of Medication to Combat Fatigue in People with Cancer

Plymouth Meeting, PA  May 15 : A new meta-analysis in the May 2026 issue of JNCCN Journal of the National Comprehensive Cancer Network provides updated evidence that methylphenidate-type psychostimulants a class of medication that increases dopamine and norepinephrine availability in the brain can provide meaningful relief for cancer-related fatigue.

Cancer-related fatigue affects nearly three-quarters of people living with cancer, according to some estimates, yet it remains one of the most undertreated symptoms in oncology.

According to the findings, the use of the prescription medications methylphenidate (MPH) or dexmethylphenidate (d-MPH) was associated with significant improvements in fatigue scores across widely validated scales relative to placebo. Those effects were shown to increase over time.

“What makes this finding particularly noteworthy is the time dimension: the benefit isn’t fully apparent in the first couple of weeks, but by around five weeks it reaches a level that genuinely matters in terms of patients’ daily energy and function,” noted lead author Bruno Almeida Costa, MD, of The University of Texas MD Anderson Cancer Center. “For people dealing with a symptom that can be profoundly disabling, that is a meaningful contribution. I would encourage cancer care professionals to think of methylphenidate as one piece of a broader approach to managing fatigue, not as a standalone solution. The strongest evidence still belongs to exercise, cognitive-behavioral therapy, and mind-body practices. But those take time—often 8 to 12 weeks of consistent engagement—to reach their full benefit. Methylphenidate could serve as a bridge during that window, providing earlier relief while the longer-term strategies take effect.”

Results were based on nine different double-blind, individually randomized, parallel-group, placebo-controlled, phase II/III trials evaluating either MPH or d-MPH in adults with advanced cancer or actively receiving cancer-directed treatment. There were 823 total patients included. The studies were published between May 2006 and July 2024 and primarily rated fatigue using the FACIT-F scale, consisting of a 13-item patient-reported questionnaire.

The authors point out that MPH has one of the “longest-standing and best-documented safety records among actively prescribed controlled substances.” It has been on the market since 1955 and is approved for use in patients as young as 6 years old for ADHD and narcolepsy. The analysis found no statistically significant increase in side effects compared with placebo, though careful patient selection and regular monitoring remain important.

Dr. Costa added

“We are seeing a worrying trend of cancer diagnoses in younger adults who are building careers, raising families, and leading very active lives. For this population, fatigue can be especially disruptive because there’s so much they need and want to do. Our findings show that a well-established, accessible medication can provide meaningful relief within weeks, giving clinicians a practical tool to help preserve daily functioning and support engagement with other treatments.”

Chandana Banerjee, MD, MPA, HMDC, FAAHPM, City of Hope National Medical Center, Vice-Chair of the NCCN Clinical Practice Guidelines in Oncology Panel for Cancer-Related Fatigue who was not involved with this research commented:

 “The emerging evidence for MPH/d-MPH underscores a broader principle in clinical care: that precision, thoughtful patient selection and careful monitoring can transform modest effects into meaningful clinical impact and an improved patient experience.”

The NCCN Guidelines for Cancer-Related Fatigue include the option to consider the use of MPH in certain circumstances, while noting the need for caution, particularly around dosing, schedule, and investigation into underlying causes.

To read the entire study “Methylphenidate-Type Psychostimulants for Cancer-Related Fatigue: Updated Meta-Analysis of Randomized Controlled Trials” visit JNCCN.org.

JNCCN Evolves its Digital Platform

After years of publishing both in print and online, JNCCN is announcing plans to focus solely on digital publication, beginning in July 2026. The upcoming June edition will be the final printed publication.

JNCCN has also removed the paywall for all articles. This reflects a strengthened priority for sharing high-impact research that improves the quality of cancer care for all. By transitioning to online-only publication, JNCCN will share more ground-breaking oncology data, in a more timely and efficient manner, while improving access and readability. 

Contrivian Appoints Ilex Content Strategies to Support International Growth Through Strategic Communications

The mission-critical connectivity specialist selects Ilex to deliver global communications that drives sales and accelerates market needs 
 
London, UK, 15th May 2026 – Contrivian,  a technology company providing intelligent mission-critical connectivity, has appointed Ilex Content Strategies as its public relations agency of record. Ilex will deliver strategic communications designed to support international sales and strengthen Contrivian’s position across markets.
 
Contrivian serves governments, emergency responders, energy operators, mining and enterprises operating in remote environments where connectivity must remain stable, secure and predictable. Contrivian enables organisations to modernise connectivity without adding complexity or disruption, ensuring all organisations are connected without failure, everywhere. 
Together, Contrivian and Ilex will work to elevate the company’s international profile through targeted media engagement, thought leadership and strategic communications that reinforce Contrivian as a trusted provider of resilient connectivity. The partnership will support Contrivian’s growth, increasing visibility, strengthening market awareness and showcasing its commitment to delivering dependable connectivity in the most demanding remote environments. 
 
“While we have worked with communications agencies in the past, we have never experienced the depth of industry knowledge and expertise that we have with Ilex. They get what we do as a business and I trust that they will support our objectives with strategic media relations that have already generated leads for us,” said Grant Kirkwood, CEO at Contrivian. “It’s rare to find a partner that can deliver value from day one without the need to explain and educate them on the business. That has been a clear differentiator. While we can focus on connectivity, we know our customers are kept in the loop of our news through Ilex’s global reputation and efficiency.”
 
Ilex will work closely with the team at Juniper Digital and fractional Chief Marketing Officer, Matthew Ray, to deliver international media relations and strategic consultancy aligned to sales objectives. Using its Borderless PR model, Ilex will ensure consistent messaging and efficient global reach across key markets, without the complexity of managing multiple local agencies.
 
“Contrivian has strong leadership and clear ambitions for growth. Our focus is on turning that into market momentum, ensuring the right audiences understand who they are, what they stand for and why it matters,” said Matthew Whalley, Managing Director & Co-Founder at Ilex Content Strategies. “When that’s done well, it directly supports sales and accelerates growth. We’re looking forward to working closely with the team to make that happen.”
 
Founded in 2012, Ilex Content Strategies works with telecoms, cloud, cybersecurity, data centre and digital infrastructure organisations at key moments of growth, repositioning and market expansion. Its approach combines deep industry expertise with strategic communications to build visibility, shape positioning and deliver measurable commercial impact.

Nisus Finance strengthens Pune portfolio with an investment of INR 90 crore in Hinjewadi

Mumbai, May 15: Nisus Finance Services Co Limited, one of India’s leading structured real estate credit fund managers, has announced an investment of ₹ 90 Cr. through its Real Estate Special Opportunities Fund-I (RESO-I) in Realnet Ventures Private Limited, a wholly owned subsidiary of Paranjape Schemes (Constructions) Limited, promoted by Mr Shrikant Paranjape and Mr Shashank Paranjape.

The Project forms a part of “Blue Ridge” a 150-acre developed township by Paranjape Schemes (Constructions) Limited, located in Hinjewadi Ph 1. The township is a mixed-use township with 33 residential towers already delivered to 6,000+ families living, 3 SEZ with 35,000+ IT professionals employed, commercial establishments, school, social infrastructure and township-level modern amenities like a 9-pocket golf course, basketball court, tennis court, etc.

Hinjewadi is Pune’s most established and high-demand residential micro-markets. Hinjewadi continues to witness sustained end-user demand, driven by its proximity to major IT hubs, robust social infrastructure, and strong connectivity to key parts of the city. The micro-market has consistently attracted both first-time homebuyers and upgrade demand, making it a resilient residential destination.

Project is a residential apartment tower being developed on a 1.09 Acres of conveyed land having total saleable area of 4.02 lakh sq. ft. The project has a total of 188 units with 3 BHK (average area 1,300 sq. ft.) and 4 BHK (average area of 1,700 sq. ft.) unit configurations. Project has a GDV of ~INR 370 Crs and is expected to generate an operating surplus of ~INR 143 Crs.

The asset benefits from its prime micro-market location within an integrated township, improving approval visibility and steady demand from end users. These factors collectively offer an attractive risk-adjusted return profile aligned with Nisus Finance’s disciplined investment strategy.

About the Fund – RESO-I

RESO-I, managed by Nisus BCD Advisors LLP, is a ₹ 1700 Cr. SEBI-registered AIF focused on structured credit in special situation real estate. The fund specifically targets:

  • Projects with established cashflows
  • Strong asset cover
  • Short exit timelines

These investments will help accelerate project execution, and provide funding to credible developers. The fund is structured to deliver superior risk-adjusted returns while supporting the development of high-quality urban housing.

Commenting on the Development, Mr. Avadhoot Sarwate, CIO, Nisus Finance Services Co Limited said, “Association with Paranjape Group having legacy of 35+years and delivery track record of 2+ MN sq. ft. in different micro markets of India. Investment by Nisus Finance in their flagship township where all infrastructure is already in place – schools, commercial spaces, modern amenities, a golf course, tennis courts. The existing development of 1BHK/ 2 BHK residential units and the growing demand of the consumers for larger homes in recent macro-economic changes suggest strong demand for the product that is being offered through this Project. With deep managerial capabilities, professional team, proven delivery record, strong presence in Pune, for Nisus Finance, this checks every box of a disciplined, risk-adjusted investment.”

Shrikant Paranjape, Chairman, Paranjape Schemes (Constructions) Limited, commented, “We’re thrilled to be partnering with Nisus Finance and their involvement was instrumental in achieving financial closure for this project. The confidence Nisus Finance placed in this project and in the Paranjape Group, their structured approach and deep understanding of real estate fundamentals gave us exactly the financial certainty we needed to move forward with conviction. With Nisus Finance as our financial partner, we are well-positioned to deliver this project to the highest standard.”

Commenting on the investment, Dr. Amit Goenka, Chairman & Managing Director, Nisus Finance, said: “Hinjewadi remains one of Pune’s most resilient residential micro-markets, backed by strong employment drivers and sustained housing demand. Our investment with the Paranjape Group reflects our continued focus on partnering with established developers and investing in projects that offer strong cash flow visibility and inherent downside protection. This transaction aligns well with our strategy of identifying high-quality residential assets in growth corridors with robust end-user demand.”

The investment is structured to optimise capital protection while enabling participation in projects with a focus on disciplined underwriting and risk management. It also reflects Nisus Finance’s continued confidence in Pune as a key residential market supported by strong economic fundamentals and consistent housing demand.

With this transaction, Nisus Finance continues to strengthen its domestic real estate portfolio through selective investments in high-growth micro-markets. The company remains focused on building a diversified portfolio of residential assets that offer stable cash flows and attractive risk-adjusted returns.

 

EZTax Introduces AI-Based AIS Reconciliation and Tax Filing Enhancements for AY 2026-27

Business Wire India

EZTax.in, an authorized e-Return Intermediary (ERI), announced new AI-enabled capabilities in its self-service Income Tax e-Filing platform for Assessment Year 2026–27, focused on simplifying reconciliation of AIS, broker statements, and prefilled tax data for self-filing taxpayers.

 

The release includes features such as AIS Upload for Capital Gains, AIS Reconciliation, and automated Income Tax Rule Alerts intended to help taxpayers review disclosures, identify mismatches, and reduce manual consolidation of financial information across multiple reporting sources.

 

As Annual Information Statement (AIS) reporting, prefilled returns, and broker disclosures continue to expand, taxpayers are increasingly required to reconcile information reported across brokers, depositories, registrar and transfer agents, and other financial institutions before filing returns. EZTax said the new capabilities are designed to assist taxpayers in reviewing and validating such data during the filing process.

 

The AIS Upload feature allows taxpayers to upload AIS data and automatically read entries related to capital gains, dividends, interest income, salary, taxes paid, TDS, and other reported transactions. According to the company, the feature is intended to reduce the need for manual compilation of statements from brokers, mutual fund platforms, depositories including CDSL and NSDL, and registrar and transfer agents such as CAMS and KFIN Technologies.

 

The AIS Reconciliation capability compares taxpayer-entered information with government-reported data to identify mismatches, duplicate disclosures, and incomplete reporting prior to submission of returns. EZTax also introduced automated rule-based alerts intended to notify taxpayers of common filing inconsistencies relating to deductions, TDS, capital gains reporting, and tax regime selection.

 

Suneel Dasari, Founder and CEO of EZTax, said, “Tax filing in India is increasingly becoming a process of reconciling information reported across multiple systems and financial institutions. Our focus has been on building agents that help taxpayers review this information with greater clarity and reduce avoidable reporting inconsistencies.”

 

Mr. Dasari added that adoption of AI-assisted filing features on the platform has increased during the current filing season, particularly among taxpayers dealing with capital gains, investment disclosures, and multi-source income reporting.

 

EZTax said the updated filing workflows are available for AY 2026–27 filings as well as updated return submissions for earlier years through its web and mobile platforms.

 

The company provides self-service and expert-assisted tax filing services covering salaried individuals, investors, traders, professionals, businesses, HNIs, and NRIs, including support for capital gains taxation, foreign income disclosures, Form 67 filings, GST, TDS compliance, and tax notices.

 

Availability

The updated filing capabilities are available on EZTax.in for AY 2026–27 filings and updated return submissions for earlier years through the company’s web and mobile platforms.

 

Pricing

EZTax said self-service filing plans for AY 2026–27 start at Rs. 249 plus applicable taxes, while expert-assisted filing plans start at Rs. 999 plus taxes.

 

SES Announces Extraordinary General Meeting of Shareholders

Business Wire India

 

SES:

 

Société Anonyme
RCS Luxembourg B 81267

 

 

Notice is hereby given of the

 

 

Extraordinary General Meeting

 

 

of SES, Société Anonyme, to be held at the Company’s registered office at Château de Betzdorf,
L-6815 Betzdorf (the “Company“), Luxembourg, on

 

 

Wednesday 17 June 2026 at 3:00 p.m. CET

 

 

AGENDA

 

 

  1. Attendance list, quorum and adoption of the agenda
  2. Nomination of a secretary and of two scrutineers
  3. Cancellation of shares purchased in connection with the buy-back programme of 2 November 2023, as amended on 2 May 2024, in accordance therewith and pursuant thereto – Reduction of the share capital in accordance with article 450-5 of the law of 10 August 1915 on commercial companies, as amended, by forty-four million nine hundred ten thousand seven hundred eighty euro (EUR 44,910,780) through the cancellation of thirty-five million nine hundred and twenty-eight thousand six hundred and twenty-four (35,928,624) shares divided into (i) twenty-three million nine hundred and fifty-two thousand four hundred and sixteen (23,952,416) class A shares without indication of a par value and (ii) eleven million nine hundred and seventy-six thousand two hundred and eight (11,976,208) class B shares without indication of a par value, which are held by SES Astra for and on behalf of the Company and which have been purchased in connection with the buy-back programme of 2 November 2023, as amended on 2 May 2024 and subsequent amendment of article 4, paragraph 1 of the articles of association of the Company
  4. Decision to introduce indemnification provisions for the members of the board of directors of the Company and the members of the executive committee of the Company and subsequent addition of new paragraphs (F), (G) and (H) to article 9 of the articles of association of the Company
  5. Decision to grant the board of directors of the Company discretion to determine the date of the annual general meeting of shareholders, provided it is held within six (6) months following the end of the financial year and subsequent amendment of article 19, first paragraph of the articles of association of the Company
  6. Decision to determine the location of the annual general meeting of the shareholders of the Company and of any other general meetings of the shareholders of the Company and subsequent amendment of article 20 of the articles of association of the Company
  7. Decision to amend the convening notice requirements for general meetings of shareholders so as to specify the publication obligations applicable thereto and subsequent amendment of article 21, first paragraph of the articles of association of the Company and addition of a new article 21, second paragraph to the articles of association of the Company
  8. Decision to allow general meetings of shareholders to be held in hybrid mode and subsequent addition of a new article 22, fourth paragraph to the articles of association of the Company
  9. Decision to allow the Company secretary to sign any copy or extract of the minutes of the meetings of the Board and subsequent amendment of article 14, second paragraph of the articles of association of the Company
  10. Decision to determine the documents and items to be approved at the annual general meeting of the shareholders of the Company and subsequent amendment of article 27 of the articles of association of the Company
  11. Decision to introduce disclosure obligations requiring the Company to make specified documents and information available to shareholders in connection with general meetings of shareholders and subsequent amendment of article 29 of the articles of association of the Company
  12. Decision to determine the matters on which the auditor is called to report on at the annual general meeting of the shareholders of the Company and subsequent amendment of article 30 of the articles of association of the Company
  13. Miscellaneous

 

 

The board of directors of the Company recommends that you vote FOR agenda items 1-12 of the extraordinary general meeting of shareholders set forth above.

 

Attendance

 

 

The right of a shareholder to attend the Extraordinary General Meeting (“EGM“) and to participate in the vote will be determined at midnight (CET) on the fourteenth day preceding the EGM, i.e. 3 June 2026 (the “Registration Date“). If a Fiduciary Depositary Receipts (“FDR“) holder wishes to attend the meeting he has to be recorded as a shareholder in the share register of the Company prior to the Registration Date. Anyone not being a shareholder on the Registration Date may not attend or vote at the EGM.

 

 

Withdrawal of FDRs and Conversion into A-shares

 

 

An FDR holder who wants to convert FDRs into A-shares has to request this conversion in accordance with conditions 12 and 16 of the Terms and Conditions of the Amended and Restated Fiduciary Deposit Agreement dated 26 September 2001. This document is available at the Banque et Caisse d’Épargne de l’État, Luxembourg. No charge for conversion will be requested for natural persons who are not yet shareholders of category A and who proceed to a conversion of a maximum of 10,000 FDRs into A-shares, allowing them to participate in the EGM of 17 June 2026.

 

 

The latest date for withdrawing FDRs and converting into A-shares for attendance at the EGM is 3 June 2026 at 4:30 p.m. CET. Shareholders who have converted their FDRs into A-shares prior to that date will receive a copy of the EGM documents and details required to attend the EGM. Please feel free to contact Banque et Caisse d’Épargne de l’État, Luxembourg, for further queries in this respect, at the following address: securitisation.irm@spuerkeess.lu.

 

 

Voting instructions

 

 

The FDR holder is entitled, subject to any applicable provisions (e.g. Luxembourg law, articles of association, shareholders’ thresholds and concession agreement) to instruct the Fiduciary via his bank as to the exercise of the voting rights by means of a voting certificate available on request at the bank where the FDRs are held.

 

 

In order for the voting instructions to be valid, the voting certificate form must be completed and duly signed by the FDR holder or, as the case may be, the beneficial owner. Please feel free to contact Banque et Caisse d’Épargne de l’État, Luxembourg, for further queries in this respect at the following address: securitisation.irm@spuerkeess.lu.

 

 

Upon receipt of the voting certificate on or before the date determined by the Fiduciary (being at the latest 15 June 2026 at 3:00 p.m. CET) with such certification and evidence as requested by the Fiduciary or by the Company, the Fiduciary shall transmit to the Company the relevant certifications and supporting evidence and the Company shall verify whether the relevant holders of FDRs or the beneficial owners thereof would qualify as an A-shareholder of the Company if in lieu of FDRs they would hold the corresponding number of A-shares.

 

 

If within eight Luxembourg business days from the receipt of such certification and supporting evidence, the Company has not notified the Fiduciary of its rejection of the request of a holder to exercise its voting rights pertaining to the A-shares underlying its FDRs, the Company shall be deemed to have accepted the relevant voting request.

 

 

After receipt of the written approval of the voting request by the Company, the Fiduciary shall vote or cause to be voted in accordance with the instructions set forth in such requests. The Fiduciary may designate and appoint authorized representatives to attend the meeting and vote on behalf of the FDR holders.

 

 

The voting instructions are deemed to be irrevocable and definitive 48 hours prior to the time for which the meeting has been convened, i.e. at the latest on 15 June 2026 at 3:00 p.m. CET. If the Fiduciary has not received voting instructions from the FDR holder, the Fiduciary shall be deemed to have been instructed to vote in the manner proposed by the Board of Directors in the relevant meeting.

 

 

There will be no vote under item 13. Miscellaneous.

 

 

Amendments to the Agenda

 

 

One or more shareholders owning together at least 5% of the share capital of SES have the right to add items to the agenda of the EGM and may deposit draft resolutions regarding items listed on the agenda or proposed to be added to the agenda. This request will need to be received at the latest the twenty-second day preceding the EGM, i.e. 26 May 2026, and made in writing via post (SES, Attn. Ms Sarah Gavin, Château de Betzdorf, L-6815 Betzdorf, Luxembourg) or email (shareholders@ses.com) and will need to include a justification or draft resolution to be adopted at the EGM. The written request will need to include a contact address (post or email) to which the Company can confirm receipt within 48 hours from the receipt of the request.

 

 

At the latest fifteen days preceding the EGM, i.e. 2 June 2026, the Company will then publish a revised agenda.

 

 

Documents made available by SES

 

 

Documents made available by the Company (including the draft resolutions proposed to be adopted at the EGM) for the purpose of this meeting may be inspected during normal working hours by the FDR holders at the offices of the Fiduciary, Banque et Caisse d’Épargne de l’État, Luxembourg, Issuer Services/IRM, 16 rue Zithe, L-2954 Luxembourg, or alternatively at the offices of the Listing Agents, BGL BNP Paribas S.A., 50 avenue J.F. Kennedy, L-2951 Luxembourg, and Société Générale, GSSI/GIS/CMO/AGL, 32 rue du Champ de Tir, F-44312 Nantes Cedex 3, France, and are available on the following websites: www.ses.com and www.spuerkeess.lu/SES.

 

 

Please feel free to contact SES for further queries in this respect at the following address: shareholders@ses.com.

 

 

 

 

 

HDB Financial Services Ltd Announces Appointment of Mr. Natarajan Srinivasan as New Non-Executive Chairman and Board Member

Business Wire India

The Board of Directors of HDB Financial Services Limited at its meeting held today, appointed Mr. Natarajan Srinivasan as Independent Director & Non-Executive Chairman of the Board. This appointment comes at a pivotal time when the company continues to scale its operations and execute its long-term growth strategy.

 

Mr. Natarajan Srinivasan is a distinguished corporate leader with over 40 years of expertise in finance, strategy, and large-scale business transformation. A qualified Chartered Accountant and Company Secretary, Mr. Srinivasan has spent a significant portion of his career in senior leadership roles within the Murugappa Group, one of India’s most respected conglomerates.

 

Key Career Highlights:

  • Cholamandalam Investment and Finance Co. Ltd: Served as Executive Vice Chairman and Managing Director, where he was instrumental in scaling the financial services business into a market leader.
  • CG Power and Industrial Solutions Ltd: Served as Managing Director and CEO, successfully spearheading the company’s complex turnaround and strategic repositioning.

 

Commenting on his appointment, Mr. Natarajan Srinivasan stated:

“It is an honour to assume this responsibility at such a significant juncture in the institution’s journey. Over the years, HDB Financial Services has built a resilient foundation anchored in robust governance, financial prudence, and customer-centricity. With the support of an experienced leadership team, we are well-positioned to continue creating long-term value for all stakeholders while upholding the highest standards of integrity and excellence.”

 

Forward-Looking Statements

 

This press release contains forward-looking statements regarding the future performance of the Company and its leadership changes. These statements are based on current expectations and involve inherent risks and uncertainties.

Experian Partners With ServiceNow to Scale Trusted Decisioning to Agentic AI

Business Wire India

Experian, the global data and technology company, and ServiceNow (NYSE: NOW), the AI control tower for business reinvention, today unveil a new global multi-year partnership which harnesses the power of autonomous AI agents across platforms, helping businesses make faster and smarter decisions at scale.

 

Through this partnership, autonomous AI agents can gain the ability to act faster, and more consistently, starting with employee onboarding, third-party risk management and model life cycle governance use cases.

 

 

A major challenge for global organisations adopting agentic AI is achieving scale, with deployments often constrained by a lack of trusted data. In fact, industry research shows that data limitations are the primary barrier for eight in ten organisations. By connecting trusted intelligence directly into enterprise workflows, this partnership enables agentic AI to scale well beyond pilot deployments.

 

 

With the Experian Ascend Platform natively connected to the ServiceNow AI Platform, AI agents can seamlessly access Experian’s trusted insights and decisioning capabilities directly within existing workflows, giving clients the unique opportunity to automate intelligence at scale.

 

 

Keith Little, President – Experian Software Solutions, said:
“We see agentic AI as a fundamental change in how intelligent services are delivered, and this partnership brings together complementary strengths and a shared vision for building them the right way.

 

 

“By connecting our intelligence and decisioning capabilities in Ascend directly into ServiceNow’s workflow, businesses can operate with confidence at scale, while extending the impact of our capabilities into new industries and enterprise workflows. This partnership cements Experian’s position as a global leader in AI innovation, giving organisations the foundations to deploy agentic services with confidence.”

 

 

Cathy Mauzaize, President, EMEA at ServiceNow, said:
“Businesses are ready to move beyond experimentation, and this partnership gives them exactly what they need to scale. By bringing together ServiceNow’s AI Platform, with Experian’s world-leading decisioning and analytics platform, we’re enabling deeper insights and delivering AI that can make smarter decisions and act faster in a secure environment that delivers real outcomes.”

 

 

The partnership will support a wide range of use cases for companies in highly regulated environments, starting with third-party risk management – including fraud and identity verification for businesses, employee onboarding and model risk management.

 

 

About Experian

 

 

Experian is a global data and technology company, powering opportunities for people and businesses around the world. We help to redefine lending practices, uncover and prevent fraud, simplify healthcare, deliver digital marketing solutions, and gain deeper insights into the automotive market, all using our unique combination of data, analytics and software. We also assist millions of people to realise their financial goals and help them to save time and money.

 

 

We operate across a range of markets, from financial services to healthcare, automotive, agrifinance, insurance, and many more industry segments.

 

 

We invest in talented people and new advanced technologies to unlock the power of data and to innovate. A FTSE 100 Index company listed on the London Stock Exchange (EXPN), we have a team of 25,200 people across 33 countries. Our corporate headquarters are in Dublin, Ireland. Learn more at experianplc.com.

 

 

© 2026 ServiceNow, Inc. All rights reserved. ServiceNow, the ServiceNow logo, Now, and other ServiceNow marks are trademarks and/or registered trademarks of ServiceNow, Inc. in the United States and/or other countries. Other company names, product names, and logos may be trademarks of the respective companies with which they are associated.

 

 

 

 

 

Lava International Wins Gold at 12th CII National Kaizen Circle Competition 2026 for Innovative Quality Improvement Initiative

New Delhi, May 15: Lava International Limited, India’s trusted homegrown smartphone brand, bagged the Gold Award in the category of “Best Innovative Kaizen for Quality” at the prestigious 12th CII National Kaizen Circle Competition 2026, organized by Confederation of Indian Industry (CII). The recognition highlights Lava’s continued focus on efficiency, cost optimization and sustainable manufacturing practices.

Commenting on the achievement, Vipan Singla, SVP – QualityLava International Ltd said, “This recognition is a testament to our consistent efforts in improving product quality standards, optimizing costs and delivering enhanced product experiences to our users. Kaizen projects have enabled industries across sectors to set new benchmarks and significantly improve India’s manufacturing capabilities. I appreciate the entire team that has relentlessly worked hard to deliver superlative performance. I am thankful to CII for this recognition, which encourages us to strengthen our design, quality and manufacturing excellence as we continue to build a robust mobile manufacturing brand in India.” 

Lava received the honour for its project to reduce the Annual Failure Rate (AFR) in the Yuva and Blaze smartphone series. The initiative, led by strong cross-functional collaboration across Market Quality, Hardware Quality, Factory Quality and Data Analytics teams, reflects Lava’s strong commitment to quality-first engineering and structured problem-solving, reinforcing Lava’s manufacturing capabilities and its alignment with the government’s vision. 

The event brought together leading industries to showcase Kaizen and continuous improvement initiatives, encouraging companies to continue focusing on affordable, quality-led innovation for Indian customers.

Fuel Prices Hiked Across India as Global Crude Surge Pushes Petrol, Diesel Rates Up

New delhi, May 15 (BNP): Fuel prices across India witnessed a sharp increase on Friday, with petrol and diesel rates rising by up to ₹3 per litre amid escalating global crude oil prices and ongoing supply concerns linked to the prolonged West Asia conflict.

Fuel Prices Hiked Across India as Global Crude Surge Pushes Petrol, Diesel Rates Up

Representational image

The latest revision has pushed petrol prices in Delhi to ₹97.77 per litre, while diesel now costs ₹90.67 per litre. Similar increases were reported in several major cities across the country.

Officials said the hike was necessitated by sustained pressure on international energy markets, where crude oil prices have remained volatile due to geopolitical tensions and disruptions in global supply chains. State-run Oil Marketing Companies (OMCs) have reportedly been facing heavy financial strain as import costs continue to rise.

The increase is expected to impact transportation expenses, logistics operations, and household budgets, potentially contributing to inflationary pressure in the coming weeks. Market experts believe the revision could also lead to a rise in prices of essential commodities due to higher freight costs.

The government maintained that despite the increase, India has continued to shield consumers from the full burden of global fuel price spikes by absorbing a significant portion of the costs over recent months.

The development has triggered political reactions and public concern, with opposition parties criticising the move and warning of its impact on common citizens already dealing with rising living expenses.