Archives May 2025

Tottenham’s Grit, Son’s Glory: A Blueprint for Next-Gen Leadership Under Pressure By Dr (HC) Prachetan Potadar

On May 22, 2025, Tottenham Hotspur ended a 17-year trophy drought by defeating Manchester United 1–0 in the UEFA Europa League final at Bilbao’s Estadio de San Mamés. While the win marked a sporting milestone, it also served as a compelling case study in high-pressure leadership, adaptability, and organizational turnaround.

Led by manager Ange Postecoglou and captain Son Heung-min—the first Asian to lift a major European trophy—Tottenham’s journey offers sharp, real-world insights for emerging leaders, executives, and changemakers.

This was more than just a football victory. It was a playbook for modern leadership in volatile conditions.

The Context: From Crisis to Comeback

Tottenham’s 2024–25 season was fraught with challenges. At one point, they languished in 17th place in the Premier League. Expectations were low, pundits were dismissive, and pressure was mounting. But Postecoglou’s squad channeled their focus into the Europa League campaign, using it as a rallying point for redemption.

The final was a masterclass in disciplined execution. Brennan Johnson’s composed first-half finish gave Spurs the edge, and goalkeeper Guglielmo Vicario’s last-minute save ensured the result. But beneath the drama lay six core principles that resonate well beyond sport.

1. Set a Bold Vision and Stand by It

Postecoglou’s early declaration—“I’m here to win a trophy”—wasn’t a soundbite. It was a commitment. Despite league setbacks, his focus on long-term objectives never wavered. His vision was clear, assertive, and contagious.

Leadership Insight: Great leaders articulate purpose with confidence. In uncertain times, clarity of intent can inspire belief, unify teams, and create alignment across levels.

2. Build Resilience Through Systems, Not Slogans

Vicario’s decisive save wasn’t luck—it was a product of systemic preparation. Tottenham’s defensive unit executed a well-rehearsed plan under pressure, proving that resilience is engineered, not improvised.

Management Takeaway: Operational excellence is not reactive—it’s embedded through process, culture, and repetition. Crisis preparedness must be proactive, not performative.

3. Adapt Strategy to the Situation

Known for his attacking style, Postecoglou made a crucial tactical pivot in the final—playing conservatively, defending deep, and managing the game’s tempo. Flexibility, not rigidity, secured the result.

Leadership Lesson: Context determines execution. Strategic leaders know when to pivot, when to conserve energy, and when to strike. The ability to adapt while preserving core intent is a defining leadership trait.

4. Empower Through Ownership

Every player had a role in the win—from Son’s calm captaincy to Johnson’s precision and the tactical discipline of the midfield. Success wasn’t centralized—it was distributed.

Organizational Insight: High-performing teams thrive on shared accountability. Empowering individuals to lead within their roles creates a sense of ownership that fuels excellence under pressure.

5. Turn Criticism Into Competitive Fuel

Spurs were written off by analysts and fans alike. Yet, rather than crumble, they responded with intensity and focus. The skepticism became fuel, not friction.

Resilience Strategy: Use external doubt as internal drive. Underdog energy, when channeled properly, can sharpen execution and strengthen team cohesion.

6. Celebrate Milestones, Reflect on Setbacks

“This season hasn’t been good—but this is what it’s all about,” said Brennan Johnson after the final whistle. The honesty of that statement captured the essence of sustainable leadership—balancing wins with lessons.

Growth Mindset: Effective leadership means celebrating achievements without losing perspective. Milestones are not endpoints—they’re recalibration points.

Son Heung-min: Redefining Leadership for a New Era

Son’s historic captaincy represents more than a symbolic achievement. His leadership style—quiet, inclusive, unshakeable—defies outdated norms of charisma-driven leadership. He led with grace and cultural authenticity, proving that leadership has many faces.

Message for Asian and global professionals: Authenticity matters. Leadership isn’t about volume—it’s about presence, integrity, and influence. Son’s success resonates across borders, inspiring a new generation to lead without compromising their identity.

Broader Lessons from the 2024–25 Football Season

Harry Kane, often labeled the “nearly man” of English football, finally secured silverware at Bayern Munich. A reminder that long-term commitment can yield late but meaningful rewards.

Crystal Palace, under Oliver Glasner, exceeded expectations with a top-six finish, driven by clear communication and strategic resource allocation.

Real Sociedad reached the UEFA Champions League semi-finals with limited financial muscle, showcasing how cohesion and chemistry can outperform cash.

Manchester United, despite a talented squad, faltered due to inconsistent leadership and internal instability—proving that talent without culture rarely delivers.

Cross-sector takeaway: In a world defined by volatility and disruption, agility, trust, and team culture often outperform raw potential and legacy status.

A Playbook for Modern Organizations

Tottenham’s win is a case study in crisis management, cultural transformation, and stakeholder alignment. What they achieved on the pitch mirrors what forward-thinking organizations must do off it:

Lead with purpose.

Build systems that reinforce resilience.

Enable adaptation without compromising values.

Empower people at every level.

Leverage doubt as fuel.

Celebrate wisely, evolve constantly.

Tottenham Hotspur’s Europa League triumph was far more than a striker’s story—it was a masterclass in collective execution from front to back, underpinned by a rock-solid support ecosystem. The defensive unit, led by the disciplined presence of Cristian Romero and Micky van de Ven, stood tall under pressure, while full-backs like Pedro Porro added tactical width and energy. Goalkeeper Guglielmo Vicario emerged as a linchpin, with his late-match heroics in the final exemplifying calm under fire. But behind these performances stood a battalion of unsung heroes—coaches, analysts, medical staff, fitness trainers, and psychologists—who meticulously prepared the squad through a turbulent domestic campaign. Ange Postecoglou’s leadership galvanized not just players, but an entire organizational framework, reminding us that footballing glory is never an individual feat, but the outcome of integrated, high-trust, high-performance teamwork.

With Over 500 Entries, Goa’s Open Innovation Challenge 2025 Closes and Enters the Next Stage of Selection

Altinho, May 22, 2025: In an inspiring development for Goa’s innovation landscape, the Goa Open Innovation Challenge 2025 has officially closed with an impressive 548 entries received from across India and beyond. This initiative by the Startup & IT Promotion Cell, under the Department of Information Technology, Electronics & Communications (DITE&C), Government of Goa, has emerged as a powerful platform for collaborative problem-solving between the government and the innovation community.
The response to the challenge demonstrates growing momentum around Goa’s vision of becoming a leading destination for innovation-led governance. Startups and student innovators responded to real-world problem statements posed by government departments, proposing scalable, tech-enabled solutions that promise to impact core sectors of public service.
Startups made up the majority of participants, contributing a little over 85% of the total entries with 467 applications, while student innovators submitted 81 applications, accounting for around 15%. Among the sectors, the Department of Tourism attracted the highest interest with 166 submissions—140 from startups and 26 from students. This was followed by the Department of IT, Electronics & Communications with 80 entries, and the Department of Science & Technology and Waste Management with 69.
The challenge also saw notable participation across sectors like Agriculture, Industry, NABARD (focused on rural innovation), the Goa Public Service Commission, and other stakeholder departments. The diversity of submissions reflects a growing culture of collaboration—where startups and young innovators are stepping in as co-creators of solutions alongside government departments. This momentum is being further fueled by the engagement of educational institutions and the emergence of young changemakers across the country.
Mr Milind Prabhu, the Chairman of IT and Startup Community for the Goa chamber of Commerce and Industry (GCCI) described this initiative as a valuable opportunity for startups to connect directly with the needs of government and public service, where practical, technology-driven solutions can be implemented and tested in real-world conditions.
Mr. Sujeet Shetty, President of the Goa Technology Association (GTA), observed that the Goa Open Innovation Challenge 2025 shows how startups, students, government departments, and industry can work together to solve real-world problems. He acknowledged the encouraging level of participation as a reflection of the growing momentum in Goa’s innovation landscape and expressed optimism about the impact these solutions could create.
Mr. Mangirish Salelkar, Chairman IT of the Associated Chambers of Commerce & Industry of India – Goa Council, emphasized that this initiative offers Goan startups a chance to reshape perceptions of Goa beyond a leisure destination. He highlighted that it provides an opportunity to showcase innovation, build impactful ventures, and establish Goa as a thriving hub for scalable, community-driven solutions.
Hon’ble Minister of IT, Electronics & Communications, Government of Goa, Shri. Rohan A. Khaunte stated “The overwhelming response to the Goa Open Innovation Challenge 2025 is a testament to Goa’s growing appeal as a hub for innovation and collaboration. This initiative reflects our commitment to leveraging technology for governance. As we work towards positioning Goa as India’s Creative Capital, we are excited to see these solutions come to life and transform the state into a hub for innovation.”
With the application window now closed, the next stage of the challenge will involve the shortlisting and evaluation of proposals by expert panels, followed by interviews with selected teams. Finalists will be supported to pilot and scale their solutions in partnership with the respective government departments.
The challenge has energized the startup ecosystem and reinforced Goa’s vision of driving innovation-led governance across sectors.

TNT Sports and Eurosport’s Global Production to Deliver Most Comprehensive Coverage of Roland-Garros Ever

The world’s greatest players are set to clash in Paris this weekend at the crème-de-la-crème of clay court tournaments with TNT Sports’ and Eurosport’s global production of Roland-Garros set to take tennis coverage to new heights.

TNT Sports and Eurosport will present Roland-Garros exclusively for viewers across Europe (excluding France) and the US through one global on-site production, capturing the unique elegance of the Parisian Grand Slam.

TNT Sports will operate two on-site studios from Musketeers Square where distinct shows will be presented for US and UK audiences in addition to a dedicated set between courts four and five for truTV viewers in the US. Eurosport’s live broadcast will take place from around the grounds as it has done in recent years, offering viewers across Europe unique perspectives and giving them an authentic taste of the atmosphere at Roland-Garros.

In the UK and Ireland, TNT Sports 4 will be the home of Roland-Garros with wall-to-wall coverage alongside TNT Sports 1 which will show the biggest matches. Viewers across Europe can tune in to Eurosport 2 for day-long coverage during week one, with evening coverage on Eurosport 1, before all the action comes to Eurosport 1 in week two.

Live on-court action begins across all platforms each day from 10:00 BST. Viewers in the UK and Ireland will benefit from a 30-minute pre-match show from 09:30 BST hosted in week one by Laura Robson, and Craig Doyle in week two. Rachel Stringer will host TNT Sports UK’s afternoon and evening shows airing before the night session with former Great British No.1 Tim Henman supplying his analysis and insights throughout the tournament. Similarly, Eurosport will host a 30-minute daily morning show hosted by esteemed presenter Lesly Boitrelle who is making her Roland-Garros debut in 2025. 

Live shows will also air before all eleven night sessions, with play beginning from around 19:30 BST; ahead of the Men’s and Women’s Singles Semi-Finals from around 13:00 BST; for the Women’s Final from around 14:00 BST on Saturday 7 June; and the Men’s Final at the same time on Sunday 8 June.

Harnessing its network of local free-to-air channels in Europe, viewers in Germany (Eurosport 1), Denmark (Kanal 5 and 6’eren), Sweden (Kanal 9), Finland (TV5) Norway (Rex), Spain and Turkey (DMAX) will also show selected matches** throughout the tournament alongside Eurosport’s wide-ranging premium coverage.

TNT Sports’ US television coverage, its first as part of its landmark ten-year rights agreement, will be served to viewers on TNT channels focussing on the best matches involving US players as well expansive daily whiparound action on truTV from 05:00 ET (10:00 BST) in addition to hosting daily morning and evening shows from its Roland-Garros studios.

Throughout the tournament, guests from TNT Sports’ and Eurosport’s unrivalled roster of tennis experts, which boasts 99 Grand Slam Singles and Doubles titles, will make appearances across the distinct outputs for different audiences as part of the global production and local storytelling approach. This includes legends of the sport (A-Z) Andre Agassi, Boris Becker, Darren Cahill, Alex Corretja, Jim Courier, Lindsay Davenport, Chris Eubanks, Chris Evert, Tim Henman, John McEnroe, Patrick McEnroe, Sam Querrey, Laura Robson, Sloane Stephens, CoCo Vandeweghe, Mats Wilander, Caroline Wozniacki.

MOST COMPREHENSIVE COVERAGE EVER STREAMING ON MAX AND DISCOVERY+

Max (Europe and USA) and discovery+ (Austria, Italy, Germany and the UK) will offer the most comprehensive coverage with every match featuring every player on every court available to stream live and on-demand. In total, more than 900 matches including all of the Legends, Wheelchair and Junior contests will be made available, with Max and discovery+ viewers in Europe able to select commentary in up to 21 languages no matter where they are watching from. All 16 match court feeds will be available as well as additional press conference feeds and cameras from across the grounds. Innovative in-app features, such as timeline markers which enable users to quickly scrub back to key moments such as set point, are also included so viewers never miss a moment of the action.

Scott Young, Group SVP, Content, Production and Business Operations, WBD Sports Europe, said: The combined skillset of the broadcasting superpower that is TNT Sports and Eurosport means that coverage of Roland-Garros in 2025 is going to be the most elevated and comprehensive tennis broadcast ever witnessed. Our sports and production expertise are unparalleled and together we can operate one global production, telling the most authentic and engaging stories from on-site at Roland-Garros, connecting to over 49 territories, with a locally relevant editorial slant for our viewers – no matter if they are watching in Washington or Warsaw, London or Lisbon.

“Our extraordinary line up of presenters, experts, and commentators will leave no stone unturned in our pursuit of every story. Through our distinguished tennis heritage as a passionate broadcaster of Roland-Garros for 36-years in Europe, coupled with the fresh and innovative approach TNT Sports US brings, we will deliver a pioneering 21st century production that will celebrate the players and set a new standard for tennis fans all around the world.”

CAPTIVATING CLAY COURT CONTENT

TNT Sports and Eurosport will get to the heart of every story at Roland-Garros. Its team of reporters will scour the grounds to create engaging content for its social media platforms including TNT Sports, Eurosport, House of Highlights and Bleacher Report, the latter of which will feature exclusive collaborations with the Nothing Major podcast featuring former World No.8 John Isner. WBD’s US and international teams will collaborate to share shortform match highlights, player interviews, talent reactions, behind-the-scenes content and much more across its social media channels to amplify its premium coverage and to make Roland-Garros accessible for the widest possible audience.

Having already amassed one of the most experienced broadcasting teams ever seen on-air, new for 2025 will see:

  • An exclusive five-episode series fronted by tennis legend and 23-time Singles and Doubles Grand Slam champion Venus Williams will air showcasing her love for tennis, fashion and Paris as she explores the glitz and glamour the city of light has to offer during Roland-Garros.
  • The Grand Slam champion and 2018 Roland-Garros Women’s Singles finalist Sloane Stephens will also convey her connections to the current players competing on tour through a series of exclusive interviews for TNT Sports’ platforms during the tournament.  
  • Additional on-demand programming streaming on Max and discovery+ in Europe includes exclusive access to the best matches from last year’s historic tournament; the hour-long Eurosport original documentary ‘Nadal, King of Paris’ and ‘The King’s Palace’ a Whisper production dedicated to the 14-time Roland-Garros champion; as well as ‘A La Gloire du Tennis’ a 30-minute, 20-episode series which captures the magic of Roland-Garros.

The main draw of Roland-Garros on TNT Sports and Eurosport begins on Sunday 25 May ahead of the Finals on 7-8 June. World No.1 Jannik Sinner (Italy) is looking to claim his maiden Men’s Singles Roland-Garros title following his return to action after serving a controversial three-month suspension. He will be looking to hold off challenges from a competitive field including the defending champion Carlos Alcaraz (Spain) and record 24-time Grand Slam winner Novak Djokovic (Serbia). In the Women’s Singles draw, four-time and defending champion Iga Swiatek (Poland) will be battling tough competition from World No.1 Aryna Sabalenka and last year’s runner-up, Coco Gauff (USA) while Jasmine Paolini (Italy) is sure to be a contender for her maiden Grand Slam title having won in Rome last weekend.

Step Into Style: Sneaker Fest and Hot Deals at Nexus Select CITYWALK

New Delhi, May 22, 2025 – Just in time for vacation prep and back-to-campus shopping, Nexus Select CITYWALK, one of the city’s largest lifestyle destinations, is kicking off the Sneaker Fest, a month-long celebration.

Running from May 15th to June 14th, the fest brings together the widest range of the coolest sneakers in town, from top international brands to homegrown labels. Whether you’re heading out on vacation, updating your college wardrobe, or just looking for an excuse to refresh your look, the festival has something for everyone. Expect to find the latest styles from top names like Sketchers, Footlocker, Asics, Aldo, Adidas, Puma.

These brands are also rolling out exclusive offers just for the Sneaker Fest and will be hosting engaging workshops throughout the event. Plus, don’t miss out on the customization zones where you can personalize your shoes and jerseys for a truly one-of-a-kind look.

The timing couldn’t be better right before schools and colleges reopen and just as families get their travel bags ready. It’s the ideal moment to stock up on essentials that look great and last long. Alongside our collections, shoppers can enjoy Shop & Win contests, special offers, and exciting giveaways, making every visit fun for the whole family.

Century Real Estate aims to unlock 14,000 crore in Gross Development Value, backed by 1,850 crore in funding

Bengaluru, 22, May 2025: Century Real Estate, one of Bengaluru’s premier real estate developers, targets unlocking ₹14,000 crore in Gross Development Value (GDV) after securing ₹1,850 crore in debt funding. This funding, led by Ares Asia and SC Lowy, will be instrumental in driving the company’s expansion strategy and supporting both new and existing projects in Bengaluru. Century is confident of unlocking the target GDV over the next five years, further strengthening its development portfolio across key locations in the city.

Ravindra Pai

Century Real Estate has maintained a strong growth momentum of over 2x Year-on-Year growth, riding on the unprecedented surge in demand for luxury and aspirational living spaces from established brands in Bengaluru. In the first half of FY25 alone, the company recorded over ₹1,024 crore in pre-sales revenue, while witnessing a 121% growth in residential sales bookings compared to FY24.

The funding round was spearheaded by Ares Asia, which invested ₹1600 crore in two tranches, while SC Lowy contributed ₹250 crore to support the development of residential and Grade A commercial spaces, strengthening Century Real Estate’s expansion in Bengaluru’s prime micro-markets.

Speaking on the funds raised, Ravindra Pai, Managing Director, Century Real Estate, said, “Securing ₹1,850 crore in funding is a testament to the trust our financial partners place in Century Real Estate’s vision and execution. With Bengaluru’s real estate market witnessing unprecedented demand for both residential and Grade A commercial spaces, this capital infusion empowers us to accelerate our expansion, deliver world-class developments, and reinforce our leadership in the industry. Balancing both residential and commercial growth, we are committed to meeting the high demand for premium living and business spaces. Our strong FY25 performance has set the foundation for an ambitious year ahead, and we remain dedicated to shaping Bengaluru’s skyline with innovative, high-quality spaces.

Bengaluru’s real estate market continues to thrive, driven by the increasing demand for Grade A commercial and office spaces. Micro-markets in the northern and eastern parts of the city are set to become major residential and commercial areas, especially as the metro connectivity improves, and due to northern Bengaluru’s proximity to the airport.

The city is also emerging as a prominent luxury market amongst India’s top cities, with Knight Frank’s Wealth Report 2025 highlighting that people investing in real estate buy more square footage in Bengaluru for $1 million compared to Mumbai and Delhi. These advantages, coupled with a growing presence of multinational corporations setting up Global Capability Centers (GCCs), including major players like Google, are further solidifying Bengaluru’s position as a hub for business and innovation.

Le Wagon Sets Foot in India with First Campus in Bangalore

Bangalore, India, 22 May 2025 – Le Wagon, one of the world’s leading coding bootcamp is making its debut in India with the launch of its first campus in Bangalore. With over 30,000 alumni across 40+ cities worldwide, Le Wagon delivers industry-focused bootcamps designed to equip career changers, entrepreneurs, graduates and aspiring tech professionals with the practical skills and real-world experience needed to excel in today’s fast-paced tech landscape.

To mark its arrival in India, Le Wagon hosted an exclusive launch event on 21st May at The Chancery Pavilion, Bangalore, featuring the keynote address by Boris Paillard, Executive Chairman & Co-founder, Le Wagon and a panel discussion on “Unleashing India’s Talent for Global Innovation.” The event was moderated by Ruth D’Souza Prabhu, and attended by leaders from the tech, education, and media sectors.

Le Wagon’s first cohort in India will begin on July 7, 2025, in Bangalore with a 9-week, full-time, in-person Software Development & AI Bootcamp. The program is tailored for beginners and focuses on hands-on coding, real-world project development, and AI-driven application building. Applications are now open.

Le Wagon’s globally recognized curriculum empowers learners to build functional applications, navigate AI tools with confidence, and transition into tech careers or entrepreneurial ventures. With a strong emphasis on foundational technology concepts, the program enables participants to deepen their domain expertise, harness AI platforms more effectively, and contribute meaningfully in tech-driven environments. Delivered through immersive workshops and hands-on, project-based learning, the curriculum equips learners with practical, industry-relevant skills aligned with international standards.

“India represents a critical growth market for us due to its rich talent pool and vibrant tech ecosystem,” said Boris Paillard, Executive Chairman & Co-founder, Le Wagon “Our mission is to empower the Indian talent with the expertise and mindset to build, launch, and scale innovative technology products that make a global impact.”

Susanna Jacob, India Partner, Le Wagon added, “Bangalore is the perfect launchpad to connect India’s growing tech talent with global opportunities. Our programs are designed to fast-track industry readiness while fostering diversity and inclusion, ensuring that talent from all backgrounds can participate and thrive.”

Le Wagon India is committed to making tech education more inclusive and accessible. To support a diverse range of applicants, the program offers early-bird discounts, and exclusive introductory offers. These include a 10% launch discount for all early applicants and an additional 5% scholarship for women, aimed at encouraging greater female participation in tech.

Bootcamp graduates gain entry to Le Wagon’s extensive global hiring network of over 7,000 hiring partners, connecting them to impactful tech roles worldwide.

MissionImPossible: Avaada Group Launches Impactful Climate Film Ahead of World Environment Day, Urging Collective Responsibility

Mumbai, 22 May 2025 – Ahead of World Environment Day on June 5, Avaada Group, India’s leading integrated clean energy company, has launched a powerful new climate awareness film as part of its campaign #MissionImPossible.

The campaign encourages everyone to see climate change not as a distant threat, but as something we are already experiencing, through rising temperatures, polluted air, and changing weather around us.

This is an initiative by Mr. Vineet Mittal, Chairman Avaada Group, instead of using future predictions, data points or dramatic visuals, the film focuses on what people are feeling every day: discomfort, disruption and uncertainty caused by a changing climate. 

#MissionImPossible aims to make climate action personal and challenge people’s disinterest and ask them to take personal responsibility: Climate Change is no longer abstract, it’s showing up in our food, our breath, and our day-to-day discomfort. It highlights how our daily choices – How we consume, How we waste and How we live; are shaping the future we are stepping into.

The campaign is being amplified across digital platforms, employee networks, and media touchpoints leading up to World Environment Day, driving home the message that what they call impossible, we call necessary. 

It is Mission ImPossible, It is I’M, It is I’M Possible 

This campaign was conceptualized and Initiated by Mr. Vineet Mittal, Chairman Avaada Group and executed by Avaada’s Inhouse Marketing and Corporate Communications team with help of Big Trunk Communications.

Highways Infrastructure Trust Adds 10 HAM Highway Projects from PNC Infratech to its Portfolio

Mumbai, 22 May 2025 – Highways Infrastructure Trust (HIT), a SEBI-registered infrastructure investment trust, announces the addition of 10 operational Hybrid Annuity Model (HAM) highway projects from PNC Infratech Ltd to its portfolio. The projects, totalling ~3400 lane km, are HAM assets strategically located across key economic corridors in Rajasthan, Uttar Pradesh, Madhya Pradesh and Karnataka.

Post this acquisition, HIT’s Assets Under Management (AUM) is expected to be ~₹25,000 crore, an increase of ~2.5x compared to March 2024. With the addition of these assets, HIT expects the annuity projects (including HAM) to contribute ~40% to its revenue and ~32% to its AUM.

Acquired projects include:

  • PNC Rajasthan Highways Pvt. Ltd. (“RHPL”)
  • PNC Chitradurga Highways Pvt. Ltd. (“CHPL”)
  • PNC Bithur Kanpur Highways Pvt. Ltd. (“BKHPL”)
  • PNC Triveni Sangam Highways Pvt. Ltd. (“TSHPL”)
  • PNC Aligarh Highways Pvt. Ltd. (“AHPL”)
  • PNC Gomti Highways Pvt. Ltd. (“GHPL”)
  • PNC Unnao Highways Pvt. Ltd. (“UHPL”)
  • PNC Meerut Haridwar Highways Pvt. Ltd. (“MHHPL”)
  • PNC Bundelkhand Highways Pvt. Ltd. (“BHPL”)
  • PNC Khajuraho Highways Pvt. Ltd. (“KHPL”)

These assets are part of the transaction announced in January 2024 for acquisition of a 12-road project portfolio from PNC Infratech Ltd and PNC Infra Holdings Ltd, one of the largest deals in the Indian roads sector.

The balance two projects, Bareilly Nainital (“BN”) and Chalkere Hariyur (“CH”), will be acquired post receipt of respective authority approvals and fulfilment of condition precedents as included in the share purchase agreement.

Commenting on the deal, Gaurav Chandna, Executive Director and Joint CEO, Highways Infrastructure Trust, said, “The successful addition of these 10 projects from PNC Infratech Ltd. marks a significant milestone in the journey of HIT, solidifying our position as one of India’s leading highway InvITs. It significantly expands our footprint, adding ~3400 lane km of key highways to our portfolio, and increasing our total AUM to ~₹25,000 crore. With this transaction, we shall achieve a healthy mix of annuity and toll projects, aligned with our goal of curating a diversified and balanced portfolio.” 

Adding to this, Dr. Zafar Khan, Executive Director and Joint CEO, Highways Infrastructure Trust, said “At HIT, our vision is to operate an efficient and resilient road network that strengthens connectivity, fuels economic growth, and drives regional development. We continue to gain from economies of scale and innovative technologies that enhance our asset management capabilities. Each new addition to our portfolio reflects our unwavering commitment to improved road safety, best-in-class operation and maintenance, and holistic community development along these corridors. As we grow, we remain focused on disciplined execution and operational excellence — delivering resilient and sustainable value for all stakeholders.” 

Cloudflare participates in global operation to disrupt Lumma Stealer

Overview

Cloudflare’s Cloudforce One and Trust and Safety team participated in a coordinated disruption effort targeting the Lumma Stealer malware operation. Lumma Stealer (also known as LummaC2) is part of a broader class of information-stealing malware that poses a serious threat to both individuals and organizations. By exfiltrating credentials, cryptocurrency wallets, cookies, and other sensitive data from infected machines, Lumma facilitates a wide range of downstream criminal activity, including financial fraud, identity theft, and enterprise breaches that can lead to ransomware. Disrupting this ecosystem is critical to protecting users, undermining the cybercrime economy, and preventing further harm.

Lumma Stealer attempted to abuse numerous service providers’ infrastructure, including Cloudflare, to support their malware operations. Cloudflare detected Lumma Stealer’s abuse and participated in a Microsoft-led disruption effort. As part of this effort, Microsoft collaborated with other private industry partners, both those directly impacted and those providing intelligence and technical support, along with the U.S. Department of Justice, Europol’s European Cybercrime Center (EC3), and Japan’s Cybercrime Control Center (JC3).

Executive summary

  • Lumma Stealer is Malware-as-a-Service offering that allows criminals to rent access to an administrative panel, where they can retrieve stolen data and generate customized builds of the malware payload for distribution to victims worldwide.

  • Like most other information stealing malware, Lumma Stealer is spread primarily through social engineering campaigns that lure targets into following instructions that result in the download and execution of malware.

  • The Lumma Stealer disruption effort denies the Lumma operators access to their control panel, marketplace of stolen data, and the Internet infrastructure used to facilitate the collection and management of that data. These actions impose operational and financial costs on both the Lumma operators and their customers, forcing them to rebuild their services on alternative infrastructure.

What is Lumma Stealer?

Lumma Stealer was first observed posting to the Russian language crime forums known as Exploit and XSS in February 2023. Most of Lumma’s business is now conducted on Telegram where criminals can purchase access to the admin panel using a variety of cryptocurrencies. Lumma’s original sales thread, as shown below, appeared on crime forums and was linked to a website that has been offline for some time prior to the current disruption effort.

The stolen credentials collected by Lumma’s operators, called “logs”, were parsed and indexed for Lumma’s own marketplace where criminals could buy credits with cryptocurrency and search for lucrative credentials. Lumma’s logs were also collected by other criminals who sold access to their collections on Telegram.

Methods of infection

Recent information stealer campaigns typically involve social engineering rather than the exploitation of a vulnerability. Microsoft and other security researchers have documented a technique known as ClickFix. In this approach, users who visit compromised websites or encounter malicious ads are presented with a deceptive modal popup, warning them of urgent issues with their computer. The popup instructs users to execute keyboard shortcuts that launch a remote PowerShell script, which then downloads and runs a payload, such as LummaC2.

Lumma’s payloads are typically spread using pay-per-install (PPI) networks or traffic sellers that deliver installs as a service. The price typically depends on the location of the install and if the target device is a mobile phone or a desktop computer. Lumma and many other information stealers are often bundled with cracked versions of popular commercial software, targeting users looking to avoid paying for legitimate licenses. To make matters worse, the operators behind LummaC2 invest significant effort into ensuring their malware evades detection by popular antivirus solutions.

Mitigating Lumma Stealer activity

Properly defending against Lumma Stealer involves a layered security approach, since it’s a fast-evolving infostealer often delivered via malvertising, phishing, or compromised software. Enterprise defenders should carefully restrict access to new domains, as newly registered domains (NRDs) are a common tactic extensively used by LummaC2. Users outside of an enterprise may consider limiting or preventing the execution of PowerShell and other scripts if it is not required. Enterprise defenders should also consider the following:

Endpoint protection and hardening

  • Do not permit users to download executable files from untrusted websites

  • Do not permit users to download or execute scripts or Microsoft Office macros that were downloaded from the Internet, are unsigned, or that are not explicitly allowed by policy

  • Use reputable endpoint detection and response (EDR) tools that can detect suspicious behaviors, like credential scraping or unauthorized file access

  • Application allowlisting to prevent unknown executables (including downloaded payloads) from running

  • Disable PowerShell for non-administrative users, or use Constrained Language Mode to reduce abuse risk

Browser and credential hygiene

  • Avoid saving passwords in browsers—use a dedicated password manager instead.

  • Clear autofill data and browser caches regularly

  • Disable autofill for sensitive information like names, phone numbers, or addresses, especially on corporate machines

Patch and update regularly

  • Keep browsers, operating systems, and all software up to date to reduce exploitability via known vulnerabilities

DNS and network filtering

  • Use secure DNS filtering and threat intelligence-based blocklists to prevent connections to NRDs, known C2 servers, malware delivery domains, and Telegram APIs used for data exfiltration

Email and web filtering

  • Implement malicious attachment and link detection in email gateways

  • Deploy browser isolation or sandboxing to reduce the risk of drive-by downloads from malvertising

User training

  • Educate users about malvertising, fake software installers, and browser scareware tactics like ClickFix, which are common delivery mechanisms

  • Warn users not to run PowerShell scripts or click on scare popups instructing them to “fix” computer issues

Detection and threat hunting

  • Monitor for unusual outbound connections (especially to Telegram or rare domains)

  • Monitor for unauthorized credential access from browsers

  • Monitor for suspicious PowerShell or process spawning activity (e.g., explorer.exe spawning powershell.exe)

Coordinating our Lumma Stealer response

Cloudflare’s services protect its customers’ Internet properties from DDoS and other attacks. In order for Cloudflare to provide this protection, Cloudflare’s customers’ origin IP addresses are not necessarily visible to website visitors. Lumma Stealer abused that feature of Cloudflare’s infrastructure to hide the origin IP address of the server that criminals used to collect files and credentials stolen by malware. Cloudflare’s Trust and Safety team repeatedly flagged domains used by the criminals and suspended their accounts. In February 2025, Lumma’s malware was observed bypassing Cloudflare’s interstitial warning page, which is one countermeasure that Cloudflare employs to disrupt malicious actors. In response, Cloudflare added the Turnstile service to the interstitial warning page, so the malware could not bypass it.

Cloudflare’s role in the disruption included placing a new, Turnstile-enabled interstitial warning page in front of the malicious actors’ command and control server domains and Lumma’s Marketplace domains, as well as taking action against the accounts that were used to configure the domains. Normally, if a criminal actor attempts to abuse Cloudflare’s name services but not Cloudflare’s registry services, they can recover control of their domains by changing the Start of Authority at the registrar. Microsoft coordinated the takedown of Lumma’s domains with multiple relevant registries in order to ensure that the criminals could not simply change the name servers and recover their control.

Venture Catalysts Invests in BlackCarrot, India’s Pioneer in Health-Conscious Dinnerware, Finalizing Seed Funding Round

Mumbai, 23 May 2025: Venture Catalysts, India’s leading integrated incubator and accelerator platform, has participated in BlackCarrot’s seed funding round, an innovative dinnerware brand redefining the Indian dining experience with a focus on health and contemporary design. The round also saw participation from notable investors including We Founder Circle, EvolveX Accelerator, GX Ventures, and Suraj Nalin, Co-Founder of PlaySimple Games, alongside celebrity investors Neha Dhupia and Agnello Dias, who bring valuable expertise and visibility to support BlackCarrot’s growth trajectory.

Founded by Yadupati Gupta (Ex-J.P. Morgan and Avendus Capital Investment Banker) and Vishal Gupta (former Head of Marketing and Sales at Wipro Consumer Care and VIP Luggage Group Company), BlackCarrot has quickly established itself as India’s first mass premium dinnerware brand dedicated to health-conscious consumers. The company offers a comprehensive range of products, including bone china (animal bone ash)-free ceramics, lead-free glassware, and 304 food-grade stainless steel cutlery, serving a growing customer base through a robust omnichannel presence across leading e-commerce platforms such as Tata Cliq Luxury, Myntra, Amazon, Flipkart, and Nykaa Fashion, as well as offline retail chains like Nature’s Basket and Food Square. The company has also partnered with Zepto for fast delivery through quick commerce.

Commenting on the investment, Dr. Apoorva Ranjan Sharma, Co-founder and Managing Director from Venture Catalysts++, said, “BlackCarrot represents a new wave of consumer brands in India that combine health consciousness, design innovation, and scalable business models. The company’s impressive progress in building a strong omnichannel presence and its commitment to eliminating harmful materials from everyday dining products position it well for rapid growth. With the Indian dinnerware market undergoing a shift toward wellness and sustainability, we see immense potential in BlackCarrot’s vision to become the go-to brand for modern households. This investment aligns with our strategy of backing companies that are transforming traditional sectors through innovation and consumer focus.”

Yadupati Gupta and Vishal Gupta, Co-founders of BlackCarrot, said, “At BlackCarrot, our mission is to make every dining experience safer and more enjoyable for Indian families. With the support of our investors, we are poised to accelerate our expansion, invest further in product innovation, and reach new markets nationwide. We are grateful to Venture Catalysts and our investor partners for believing in our vision and joining us on this journey to redefine how India dines. This funding will be used to accelerate growth across D2C, marketplaces, offline retail, and quick commerce. We have already initiated conversations for a larger fundraise in our next round to support the fast-scaling momentum.”

India’s tableware market is witnessing significant transformation, with increasing consumer awareness around health and material safety driving demand for premium, sustainable products. The dinnerware sector is poised for significant growth over the next few years, with mass premium dinnerware emerging as one of the fastest-growing categories in the broader home lifestyle segment. This growth is being driven by consumers seeking high-quality, design-forward options that do not compromise on safety or aesthetics. BlackCarrot’s product philosophy aligns with this demand, providing safer, toxin-free alternatives to conventional dinnerware. The company’s innovative approach has earned it recognition from the Government of India as a promising startup, further validating its vision and potential in a rapidly evolving market.

The seed funding will enable BlackCarrot to expand its footprint across key markets, enhance its product offerings, and strengthen its position as a leader in the health-conscious dinnerware segment. The company plans to focus on scaling its distribution, deepening its retail partnerships, and investing in new product development while maintaining its commitment to quality and consumer well-being. Venture Catalysts’ strategic backing of BlackCarrot aligns closely with the firm’s mission to cultivate groundbreaking ideas and propel high-potential ventures shaping the Indian as well as international marketplace.