Archives 2026

Leaders of Dubai-Based Unicorns Hail City as Global Innovation Hub Shaping Future Technology and Driving the Digital Economy

Business Wire India

Leaders of Dubai-based unicorn companies have reaffirmed the emirate’s status as a global hub for digital innovation and technology-led growth. The senior executives highlighted Dubai’s forward-looking regulatory environment, advanced infrastructure, and ability to attract international talent as key factors strengthening its appeal for high-growth digital businesses.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260420503062/en/

 

 

Leaders of Dubai-based unicorns hail city as global innovation hub shaping future technology and driving the digital economy (Photo: AETOSWire)

Leaders of Dubai-based unicorns hail city as global innovation hub shaping future technology and driving the digital economy (Photo: AETOSWire)

 

They noted that Dubai has evolved into a strategic launchpad for ambitious companies, offering an agile business environment that supports innovation and enables expansion into regional and international markets. The business leaders also praised the strong alignment between the public and private sectors within Dubai’s digital ecosystem, supported by Dubai Chamber of Digital Economy, one of the three chambers operating under Dubai Chambers.

 

Mohamad Ballout, CEO and Co-founder of Kitopi, commented: “Dubai’s digital ecosystem has been a major enabler of our growth. The city offers a strong combination of forward-looking regulation, world-class infrastructure, access to exceptional talent, and a business environment that makes it easier to build, test, and scale quickly. Its connectivity to regional and global markets has also been critical as we’ve expanded our ambitions beyond the UAE.”

 

 

Fernando Fanton, Chief Product and Technology Officer at Property Finder, stated: “Dubai is no longer just a place to set up a business; it is the place to build the future of your industry. The emirate’s sophisticated digital infrastructure and transparent framework allow us to test, iterate, and scale tools efficiently, while strong relationships with investors and regulators enable us to navigate complexity and turn insights into actionable solutions.”

 

 

Roman Axelrod, Founder and Managing Partner at XPANCEO, said: “Dubai is evolving into a new global magnet for innovation, echoing the early spirit of Silicon Valley; yet it does so while staying true to the principles on which it was built: transforming impossible challenges into strategic opportunities through global partnership. The real question for founders today is no longer whether Dubai can sustain ambitious scientific research and development; it’s whether your own ambition is bold enough to keep pace with Dubai’s vision.”

 

 

About Dubai Chamber of Digital Economy

 

 

Dubai Chamber of Digital Economy works to position Dubai as a global leader in the digital economy. Its mandate includes attracting companies, talent, and investment while creating a supportive environment for digital business growth.

 

 

Source: AETOSWire

 

 

 

 

 

Michał Rudaś Enthrals New Delhi at The Piano Man, Weaving a Soulful Indo-Polish Musical Tapestry

Michał Rudaś Enthrals New Delhi at The Piano Man, Weaving a Soulful Indo-Polish Musical Tapestry

 

 

New Delhi, Apr 21 — It was an evening where music dissolved borders and emotion spoke a shared language. At The Piano Man, Eldeco Centre, celebrated Polish vocalist Michał Rudaś delivered a spellbinding performance that left audiences captivated, reaffirming his rare ability to build a living, breathing bridge between India and Poland through song.

Michał Rudaś performing at the Pianoman New Delhi

Rudaś, known for his deep engagement with Indian music, curated a repertoire that was as diverse as it was immersive. Moving effortlessly from Bollywood chartbusters—rendered with remarkable sensitivity and linguistic finesse—to the velvet elegance of Frank Sinatra classics, and the poignant lyricism of Polish romantic compositions, he created an atmosphere that felt both intimate and expansive. Each piece was not merely performed, but inhabited—infused with a sincerity that resonated deeply with listeners.

The evening was elevated by a rich spirit of collaboration. Piotr Malec on the tabla brought rhythmic depth and a distinctly Indian pulse, seamlessly complementing Rudaś’s cross-cultural explorations. At the piano, Shomudra Ghosh anchored the performance with grace and fluidity, his playing adding both structure and spontaneity to the unfolding musical narrative. Together, the trio crafted a soundscape where traditions met, conversed, and ultimately merged.

What set the concert apart was not just its musical range, but its emotional intelligence. Rudaś’s connection with the audience was immediate and profound—his interpretations of Hindi songs drawing spontaneous applause, his Polish renditions offering moments of quiet introspection, and his Western selections bridging familiarity with finesse. It was a rare artistic experience where every note felt intentional, every pause meaningful.

More than a concert, the evening stood as a testament to the growing cultural dialogue between India and Poland. In Michał Rudaś, one finds not only a vocalist of exceptional calibre, but a true cultural ambassador—an artist who understands that music, at its finest, is an act of empathy and exchange.

As the final notes faded into a standing ovation, the sentiment in the room was unmistakable: this was not just a performance, but a moment—one that will linger in memory as a celebration of music’s boundless ability to connect worlds.

 

Lumon agrees to acquire Fiscal FX

Foreign exchange and currency risk management Lumon Corporate has agreed to acquire the business and assets of Fiscal FX, marking a major milestone for Lumon as it continues to expand its breadth and quality of service.

Fiscal FX represents the seventh acquisition by Pollen Street Capital-backed Lumon since 2018. The acquisition is expected to be completed later this spring and will help accelerate growth in Lumon’s corporate division both internationally and in the UK.

Lumon agrees to acquire Fiscal FX

Vic Darvey, CEO of Lumon, says: “Acquiring Fiscal FX marks another significant step forward as we continue to expand Lumon’s global footprint; uniting expertise, enhancing our capabilities and ultimately, delivering more value to our clients.”

Fiscal FX, a London-based foreign exchange and international payments specialist, has built an exceptional reputation since it’s foundation in 2019, particularly focusing on SMEs and owner-managed businesses.

Over the past six years, Fiscal FX has seen consistent, organic growth, developing a loyal client base of more than 600 corporate accounts across the globe. The company has handled almost £1 billion worth of transactions since it’s inception thanks to outstanding client retention and reliable, recurring revenue.

Lumon agrees to acquire Fiscal FX

Archie Scarborough, CEO of Fiscal FX, says: “Joining Lumon is a hugely exciting step for our team and our clients. We’ve built something special over the past six years – a business that genuinely puts its clients first – and I’m proud of what we’ve achieved. Lumon shares those values, and I’m looking forward to what we can build together.”

Samsung Chief Clicks Selfie with PM Modi, South Korean President at Noida Event

Apr 20 (BNP): In a symbolic moment highlighting growing India–South Korea business ties, Lee Jae-yong took a selfie with Prime Minister Narendra Modi and South Korean President Lee Jae Myung during a state luncheon at Samsung’s Noida facility on Monday.

The interaction underscored the importance of India as a major global manufacturing hub for Samsung, particularly in the electronics and smartphone segment. The Noida facility has been a key production base for the company since 1996, manufacturing a wide range of devices, including budget smartphones and premium foldable models.

The luncheon followed high-level bilateral discussions and brought together business leaders from both countries, serving as a platform to deepen economic engagement and explore future investment opportunities.

As part of the broader engagement, industry leaders from major Korean conglomerates also participated in the Korea–India Business Forum, which saw attendance from around 250 business representatives, including top executives from leading Korean corporations.

The South Korean President is currently on a state visit to India and Vietnam, accompanied by a high-level business delegation, aimed at strengthening trade, technology, and investment cooperation between the countries.

During his visit, the President also paid tribute at Raj Ghat, honouring Mahatma Gandhi and reaffirming commitment to global peace and cooperation.

The visit reflects a growing strategic and economic partnership between India and South Korea, with a strong focus on manufacturing, technology collaboration, and supply chain integration.

Dialogue, Development, and Heritage: ITRHD’s 15-Year Impact Story

New Delhi, April 19, 2026: 

The Indian Trust for Rural Heritage and Development (ITRHD) celebrated World Heritage Day with a special programme in New Delhi, bringing together policymakers, scholars and cultural voices to deliberate on the preservation of India’s rural heritage, aligned with this year’s theme — “Emergency Response for Living Heritage in Contexts of Conflicts and Disasters.” The occasion also marked 15 years of ITRHD’s work in the field of heritage conservation.

The event was graced by Manish Tewari, Member of Parliament, as the Chief Guest, in the presence of Padma Bhushan Shri S. K. Misra, Chairman, ITRHD.

 

The programme featured addresses by distinguished speakers including Dasho Sonam Kinga (Former Chairman of the National Council of Bhutan), Geshe Dorji Damdul (Head of Tibet House, New Delhi), and Kartikeya Vajpai (Author). The event was also attended by Archana Capoor (Member Secretary, ITRHD) and members and representatives of ITRHD.

Addressing the gathering, Manish Tewari highlighted the urgent need to prioritise heritage conservation in the context of ongoing global conflicts. “Given the scale of ongoing international conflicts since 2022, the conservation of historical sites and heritage places, especially in conflict zones, must become a priority—even though, when such crises unfold, it is often the last thing on anyone’s mind,” he said.

He further pointed to the gap between policy and implementation in India, adding, “While India has a fairly robust legal architecture for heritage conservation, there remains a clear lack of consciousness and sensitivity when it comes to preserving, protecting and promoting our heritage, particularly in rural areas.”

Speaking on the occasion, Padma Bhushan Shri S.K. Misra emphasised the broader responsibility associated with heritage preservation. “World Heritage Day is not just a symbolic observance; it is an occasion to renew our collective responsibility to preserve our heritage for future generations, especially in a country like India where such immense cultural wealth cannot be allowed to remain unattended,” he said.

Highlighting ITRHD’s approach, he added, “We see rural heritage as a catalyst for rural development. Our effort is to identify neglected heritage sites, particularly those linked to Buddhist traditions, and reintegrate them into community life by building awareness and local participation.”

Dasho Sonam Kinga said that in Bhutan, the preservation of Buddhism has been sustained through the close integration of community life, cultural practices and state support, particularly in rural areas. He pointed out that heritage continues as a living tradition because communities actively practice and pass it on across generations.

Geshe Dorji Damdul said that heritage goes beyond physical structures and carries deeper human values such as compassion, wisdom and harmony. He explained that preserving heritage is important not only for protecting history but also for sustaining the values that shape human society.

Kartikeya Vajpai, author of The Unbecoming, said that preservation should begin with safeguarding the philosophical and spiritual essence of heritage. He said that when people, especially the youth, engage with this wisdom through experience and introspection, cultural continuity follows naturally.

The discussions explored the intersection of heritage, identity and its contemporary relevance, with a particular focus on rural ecosystems and traditional knowledge systems. Speakers highlighted how India’s rural heritage, spanning monuments, agricultural practices, crafts, languages, performing arts and indigenous knowledge, remains a largely underutilised resource in the country’s development narrative.

With nearly 70% of India’s population residing in rural areas, many of which continue to face economic challenges, the need to recognise heritage as a valuable economic and social asset was strongly underscored.

Observed globally on April 18 under the aegis of the International Council on Monuments and Sites and UNESCO, World Heritage Day underscores the importance of protecting cultural and natural heritage.

Garmin Expands Retail Footprint with Exclusive Experience Store in Connaught Place, Delhi

Garmin Expands Retail Footprint with Exclusive Experience Store in Connaught Place, Delhi

New Delhi, Apr 20: Garmin, a global leader in GPS-enabled wearables and performance technology, has announced the launch of its Exclusive brand store, marking a significant step in strengthening its retail presence in the region. Located at No. 6, C Block, Middle Circle, Connaught Place, New Delhi, the store is designed as an immersive experience centre, bringing together Garmin’s full ecosystem of performance and navigation technologies, enabling consumers to engage with solutions built for endurance, precision, and real-world conditions.

The store will feature Garmin’s complete portfolio of GPS-enabled smartwatches, which includes the Fenix series built for extreme endurance, Forerunner for advanced training insights, Instinct for rugged outdoor use, and the luxury MARQ collection. Wellness-focused ranges such as Venu Series and Vívoactive Series will also be available.

Extending beyond wearables, the store showcases Garmin’s broader ecosystem, including precision-driven golf technologies such as launch monitors and simulators, indoor cycling solutions from the Tacx range, including the Tacx Neo Bike Plus, as well as handheld GPS devices and marine systems designed for navigation in demanding environments.

The store is designed to function as a hands-on environment where consumers can experience how Garmin’s technologies perform across disciplines from endurance training and performance tracking to golf analytics, cycling efficiency, and outdoor navigation in real-world scenarios.

Commenting on the launch, Mr. Deepak Raina, Director, AMIT GPS & Navigation LLP, said, “Today’s consumers are moving beyond basic tracking to solutions that deliver accuracy, consistency, and actionable performance insights. With this Exclusive store, we are creating an environment where customers can experience how Garmin’s technologies operate as an integrated ecosystem, supporting everything from everyday fitness to high-performance training and outdoor exploration”.

Garmin’s continued retail expansion aligns with the growing demand for precision-led wearables and performance technology in India through various offline retail channels like its Garmin Exclusive stores, Just in Time, Helios watch, Reliance Digital, Malabar Watches, etc.

In the online space, platforms like Garmin India Website, Amazon and Flipkart driven by a rising base of Healthy Lifestyle enthusiasts, serious fitness enthusiasts, endurance athletes, and outdoor users who prioritise reliability and data accuracy over basic tracking. This expansion also builds on Garmin’s growing ecosystem partnerships in India, including its recent collaboration with Giant Bicycles, further strengthening its presence within the cycling and performance community.

India’s Economy Remains Resilient, Equities Near Correction Zone: HDFC Securities

New Delhi, Apr 20 (BNP): India’s macroeconomic outlook continues to show resilience despite ongoing global uncertainties, even as domestic equity markets appear to be entering a phase of near-term correction, according to a latest assessment by HDFC Securities.

The report observed that India’s growth remains supported by strong domestic demand, steady consumption trends, and continued government-led infrastructure spending. These factors are helping cushion the economy from external shocks such as geopolitical tensions and volatile global commodity prices.

At the same time, the brokerage cautioned that equity markets may be undergoing a valuation reset after a period of sustained upward movement. Elevated valuations in select segments, combined with global risk-off sentiment, are contributing to increased volatility and profit-booking.

Market participants are expected to remain cautious in the near term, with global developments likely to influence sentiment and trigger intermittent corrections.

Despite short-term market fluctuations, the broader economic narrative for India remains constructive, supported by structural drivers such as urban consumption growth, investment activity, and policy stability.

Overall, the outlook highlights a clear divergence between a resilient real economy and a more cautious, volatility-prone equity market environment.

 

FTA Partners’ Share in India’s Trade Rises to 28.8 pc: NITI Aayog

New Delhi, Apr 20 (BNP): India’s trade engagement with its Free Trade Agreement (FTA) partners has strengthened, with their share in the country’s overall trade rising to 28.8%, according to an assessment by NITI Aayog.

The report highlights that while trade diversification is gradually improving, India’s export basket remains heavily concentrated in gems and jewellery, indicating continued reliance on a limited range of high-value export products.

Officials noted that FTAs have played a significant role in expanding market access and deepening trade linkages with key global economies. However, the concentration of exports in select sectors underscores the need for broader product diversification to enhance long-term trade resilience.

The findings also suggest that increasing integration with FTA partners is contributing to higher trade volumes, but structural challenges remain in expanding India’s export base across manufacturing and high-technology sectors.

Experts believe that improving export diversification, strengthening manufacturing capabilities, and boosting value-added production will be crucial for sustaining trade growth and reducing dependency on a narrow set of commodities.

Overall, the report points to steady progress in India’s global trade integration, while also highlighting the need for a more balanced and diversified export strategy.

STL Launches Neuralis in the US: A High-Performance Data Center Portfolio Engineered for the AI Era

Business Wire India

STL Optical Connectivity NA, LLC, (STLOC), a U.S. subsidiary of STL (Sterlite Technologies Ltd.) [NSE: STLTECH], a leading connectivity solutions provider for AI-ready digital infrastructure, today announced the U.S. launch of Neuralis, its flagship suite of data center connectivity solutions, at Data Center World 2026 in Washington, D.C.

As AI, hyperscale computing, and edge workloads redefine the digital landscape, STL Neuralis emerges as the “central nervous system” for modern data centers. Drawing its name from the intricate, interconnected pathways of a neural network, STL Neuralis portfolio is designed to provide the seamless connectivity and ultra-high-speed processing power required to sustain today’s most demanding data center environments.

Click here for the video – https://www.youtube.com/watch?v=e1E8D2Wyz5o

Neuralis is the result of deep co-creation with STL’s customers, solving density and space challenges for data center builders. With a nationwide presence, STLOC is committed to helping U.S. Data Center operators scale their AI infrastructure with speed, reliability, and high-quality products.

Modern AI data centers are shifting from traditional North-South traffic to intensive East-West traffic patterns, driven by front-end and back-end networks and AI training workloads. Neuralis addresses these challenges by offering a robust, integrated foundation that scales effortlessly.

The STL Neuralis suite is categorized into two mission-critical pillars:

  • Maximizing the AI Whitespace: Utilizing ultra-high-density, MMC and MPO cabling, Neuralis supports the massive fiber counts required by GPU clusters. By moving terminations to the factory, STL reduces onsite labor risks and accelerates deployment timelines.
  • High-Speed Data Center Interconnect (DCI): Engineered for the Data Center campus edge, this infrastructure ensures petabyte-scale data moves seamlessly. The flagship Celesta IBR series leads the industry with ultra-compact cables featuring up to 6,912 rollable ribbon fibers, available in SM A2 fiber with 8,12 & 16F ribbon, designed to withstand the intense thermal and safety demands of AI deployments.

With the launch of STL Neuralis, STL further establishes its unique position as a fully vertically integrated partner with its customers, incorporating the entire lifecycle of connectorization: 

  1. Ultra-Pure Preform: Creating the glass preform from silica.
  2. Fiber Drawing: Precision-pulling fiber to exacting standards.
  3. Advanced Cabling: Integrating fibers into the Celesta IBR series.
  4. Connectorization: Delivering tested, plug-and-play pre-terminated assemblies and associated connectivity hardware.

“AI demands a level of precision and density that traditional cabling simply cannot meet,” said Ankit Agarwal, Managing Director, STL. “With STL Neuralis, we are providing the high-speed, low-latency foundation that allows GPU clusters to perform at their peak, moving complexity out of the field and into a controlled, high-precision factory environment.”

The launch of STL Neuralis marks a significant milestone in STL’s journey to enable customers in North America. By combining its state-of-the-art manufacturing capabilities in Lugoff, South Carolina, STL ensures that hyperscalers and Neoclouds providers can build future-ready AI infrastructure that meets the specific demands of the US digital economy.

US-Iran Tensions Escalate After Naval Seizure; Peace Talks Remain in Doubt

Apr20(BNP): Tensions between the United States and Iran have further intensified after U.S. President Donald Trump stated that a U.S. Navy destroyer fired on and seized an Iran-flagged cargo vessel attempting to evade a naval blockade in the Strait of Hormuz. The vessel reportedly ignored repeated warnings before being disabled and taken into custody by U.S. forces.

The incident marks a major escalation in the ongoing maritime standoff, with U.S. operations reportedly aimed at restricting Iranian shipping activity in the strategically critical waterway, which plays a vital role in global energy supply chains.

In response, Iran has vowed to retaliate once the safety of the vessel’s crew and passengers is ensured, according to state media reports, further heightening regional tensions.

Meanwhile, diplomatic efforts remain uncertain. President Trump indicated that a U.S. delegation, including Vice President JD Vance and senior officials, is expected to travel to Pakistan for renewed peace talks. However, Iran’s Foreign Ministry has firmly stated that there are “no plans” for negotiations at this stage.

The proposed discussions face several critical sticking points, including the status of Iran’s uranium stockpiles and the reopening of the Strait of Hormuz, where disruptions have already impacted global energy flows for weeks. The current ceasefire framework, already strained by mutual accusations of violations, is set to expire soon, adding further uncertainty to the diplomatic process.

The latest developments have raised serious concerns over regional stability, maritime security, and global oil supply, as tensions continue to build in one of the world’s most sensitive strategic corridors.