Archives April 2026

Google AI Hub Launched in Visakhapatnam with Dollar 15 Billion Investment

Visakhapatnam, Apr 28 (BNP): The foundation stone for the Google Cloud India AI Hub was laid in Visakhapatnam, marking a major milestone in India’s digital infrastructure growth.

The project, backed by an estimated $15 billion investment, was launched by Andhra Pradesh Chief Minister N. Chandrababu Naidu along with Union Minister Ashwini Vaishnaw.

The upcoming facility will feature a 1-gigawatt data centre capacity and will be developed across nearly 600 acres in Andhra Pradesh, aiming to strengthen artificial intelligence and cloud computing capabilities.

The City of Destiny shall shape the destiny of tomorrow’s technology. Welcome to Vizag, @Google!#GoogleBreaksGroundInVizag #ChooseSpeedChooseAP pic.twitter.com/NaOm7iIVyV

— N Chandrababu Naidu (@ncbn) April 28, 2026

Officials said the AI Hub will enhance digital connectivity, support advanced technology services, and generate significant employment opportunities in the region.

The project is also expected to boost India’s global digital presence through improved cloud infrastructure and subsea connectivity linking major international regions.

With this development, Visakhapatnam is set to emerge as a key centre in India’s growing AI and technology ecosystem.

 

Bullet Train Plan for South India to Boost Speed, Connectivity: Railway Minister

New Delhi, Apr 28 (BNP): Railway Minister Ashwini Vaishnaw has said that the proposed bullet train project in South India will be a major step in transforming regional rail connectivity and modernising India’s transport network.

Bullet Train Plan for South India to Boost Speed, Connectivity: Railway Minister

He said the high-speed rail corridor reflects the government’s vision to extend next-generation railway infrastructure beyond western India and strengthen connectivity across key southern cities and economic centres.

The Minister noted that the project is expected to significantly cut travel time, improve passenger experience, and support faster movement between major urban and industrial hubs, thereby boosting economic activity in the region.

Officials indicated that planning and technical assessments are in progress, with focus on advanced rail technology, safety systems, and globally benchmarked infrastructure standards.

The initiative is part of India’s broader push to develop high-speed rail corridors aimed at improving mobility, enhancing regional integration, and supporting long-term economic growth.

Accountants and Financial Advisers Offer Monthly Fee Payments as Their Clients Struggle

 

Apr 28 – Accountants and financial advisers are increasingly switching to allowing monthly fee payments to help ease the financial pressure on clients and themselves, new research* from Premium Credit, a leading provider of finance for businesses, shows.

 Nearly two out of five (37%) questioned said cashflow at their business suffered last year and almost all (95%) said clients struggling to pay fees was the main or a contributory factor in the squeeze on cashflow.

 However more than four out of five (85%) expect cashflow to improve over the next 12 months including 15% expecting cashflow to improve significantly over the period. More than half (52%) say that their client base has expanded over the past three years. Just 4% say their client base has shrunk.

 The improvements are against a backdrop of more accountants and financial advisers allowing clients to pay fees monthly. Almost all (97%) say they allow clients to pay fees monthly over an extended period of time. Research** last year found just 70% were doing so.

 Almost all (96%) questioned say they would consider allowing clients to pay fees monthly if asked – that compares to 68% in last year’s survey. There was similar strong support (98%) for offering clients the option to spread the cost of tax bills through instalments.

 The study found that accountants and financial advisers are seeing signs of financial strain among clients as the table below shows. More than 25% say that over five in 10 clients are in poor health or on the verge of failing.

 

Firm’s financial state of health

Up to 10% accountants and advisers estimate SME clients are in this category

10% to 24% accountants and advisers estimate SME clients are in this category

25% to 49% accountants and advisers estimate SME clients are in this category

50% to 74% accountants and advisers estimate SME clients are in this category

75% to 100%  accountants and advisers estimate SMEs clients are in this category

Very healthy

3%

23%

36%

37%

1%

Quite healthy

7%

14%

38%

39%

2%

Average health

6%

15%

62%

14%

3%

Poor health

23%

47%

22%

6%

2%

On the verge of failing

28%

46%

18%

8%

0%

 Nearly two out of three (66%) accountants and financial advisers surveyed say HMRC is getting tougher on tax arrears and debts. That is double the 33% who believe HMRC has become more understanding.

 Recent tax rises affecting SMEs such as Employers’ National Insurance and increases in the minimum wage have hit SME businesses, the survey found. Around half of accountants and financial advisers surveyed (48%) say the Government changes have reduced staff and recruitment at firms they work with while 47% say it has cut profits.

 Jennie Hill, Chief Commercial Officer, Premium Credit (Specialist Finance) said: “Accountants and financial advisers continue to show real flexibility and creativity in how they support clients, while also ensuring their own fees are paid on time.

 “We’re seeing increasing use of monthly payment options being offered, and it’s clearly making a difference. More accountants and advisers are feeling optimistic about their cashflow for the year ahead. Enabling clients to spread the cost of fees through convenient monthly payments benefits everyone — it improves affordability for clients, supports timely payment, and reduces risk to both the business and the client relationship.”

MEI Sector Records 6.6 percent Net Employment Growth as 70 percent Firms Plan Expansion in HY1 FY2026–27: TeamLease Staffing Report

Bengaluru, April 28: India’s Manufacturing, Engineering and Infrastructure (MEI) sector has recorded a Net Employment Change (NEC) of 6.6% for HY1 FY2026–27, strengthening from 5.5% in the previous half-year, according to the TeamLease Employment Outlook Report (EOR). With 70% of MEI employers planning workforce expansion, the sector ranks among the top three industries by hiring intent nationally, signalling a shift from cyclical recovery to structured expansion.

This acceleration is being driven by a clear build-up in industrial investment cycles and policy-led momentum across the MEI ecosystem. The National Manufacturing Mission’s integrated push across clean-tech manufacturing, semiconductor ecosystem development, and PLI frameworks is supporting structured talent creation across the value chain. Semiconductor investments across Gujarat, Tamil Nadu, and Karnataka are expected to generate approximately 1 million jobs across fabrication, ATMP, chip design, and supply-chain functions by 2026–28. In parallel, Industry 4.0 adoption is reshaping demand toward higher-value, digitally enabled roles across plant operations and engineering design.

As industrial execution deepens, functional hiring within MEI continues to reflect strong alignment with capital deployment cycles. Plant engineering, automation engineering, project management, ATMP operations, and sustainability-linked manufacturing roles remain core demand areas. Engineering as a function reflects execution continuity, with 33% of employers planning growth and 46% maintaining stable headcount, indicating sustained capex-driven activity rather than speculative hiring. Growth continues to concentrate in EV ecosystems, renewables, and advanced manufacturing capabilities.

Geographically, MEI hiring is consolidating across established and emerging industrial corridors. Chennai leads city-level expansion intent at 24%, followed by Pune at 20% and Bengaluru at 18%. In Pune, for instance, hiring momentum is supported by proximity to manufacturing clusters and engineering R&D ecosystems. At the state level, Tamil Nadu, Maharashtra, and Gujarat continue to anchor manufacturing employment generation through automotive, semiconductor, and EPC project pipelines.

As this industrial expansion continues, compensation trends reflect rising demand for specialised engineering capability. MEI sector salary increments for FY2026–27 are projected at 9.4%, placing the sector in the ‘Sustainable Growth’ cluster, ahead of IT at 8.9%, Banking at 8.8%, and Insurance at 8.7%. At the city level, Chennai and Pune lead salary increments at 9.8% each, reinforcing their position as key MEI talent hubs.

Structural regulatory changes are reshaping MEI workforce design, with 64% reporting higher employment costs and 80% revising salary structures. Around 20% are rebalancing permanent, fixed-term and contract roles, while 62% are upgrading HRMS and payroll systems, reflecting a shift toward digitised compliance and more structured workforce governance across manufacturing, engineering and infrastructure operations. 

Commenting on the findings, Balasubramanian A, Senior Vice President, TeamLease Services, said,

“Manufacturing, Engineering and Infrastructure is no longer in a recovery phase. The +6.6% NEC reflects sustained investment pipelines across semiconductors, clean energy and advanced manufacturing. What is evolving is the nature of workforce deployment, which is becoming more digital, more specialised and increasingly positioned at the intersection of engineering and technology. Organisations building capability in these areas today are likely to secure a structural advantage as industrial capex cycles mature.” 

The MEI sector is moving into a more consolidated phase of expansion, with workforce decisions increasingly anchored in execution efficiency and integrated project delivery. As industrial ecosystems scale across manufacturing, energy transition and infrastructure buildouts, organisations are sharpening focus on specialised capability deployment and system-led workforce alignment. This reflects an industrial landscape where sustained productivity and coordinated execution across value chains are emerging as key differentiators of performance and scale.

These insights are based on a survey of 1,268 employers across 23 industries and 20 cities, conducted between November 2025 and January 2026. 

Thredd Powers Clique’s Launch of an Invite-Only Wealth Ecosystem with Visa Card Program

Business Wire India

Thredd, the AI-first issuer processing platform, today announced its partnership with Clique Finance Limited (“Clique”), an invite-only private wealth management ecosystem designed for entrepreneurs, family offices, and high-net-worth individuals with complex cross-border lifestyles seeking to manage wealth beyond traditional banking frameworks.

 

Together, Thredd and Clique are delivering a modern financial experience that bridges digital assets and everyday spending through a Visa consumer credit card. Clique provides the front-end wealth platform, client experience, and investment infrastructure tailored to high-net-worth users and crypto-native portfolios. Thredd serves as the core issuing and processing engine, enabling Clique’s consumer credit program with a single, API-driven platform. The partnership enables secure, compliant, and flexible payment capabilities that integrate seamlessly into Clique’s broader wealth ecosystem.

 

 

“The journey to launch has been collaborative and rewarding,” said Ilay Oz, founder of Clique. “Together with Thredd, we’ve built a bespoke solution that enables our clients to seamlessly access and utilize their wealth, whether held in traditional or alternative assets, while maintaining the highest standards of security and performance.”

 

 

“Clique is addressing growing demand from high-net-worth clients whose wealth increasingly sits in alternative assets and outside traditional banking frameworks,” said Damien Gough, Head of Asia Pacific, at Thredd. “We’re proud to support their launch with our global processing platform, helping bring innovative wealth solutions to market quickly and securely.”

 

 

As part of the initial launch phase, Clique is introducing both digital and physical Visa credit cards, featuring advanced 3D Secure authentication, real-time fraud transaction monitoring, and digital wallet integration.

 

 

About Clique

 

 

Clique is an invite-only private ecosystem built for globally mobile, high-net-worth clients whose wealth, liquidity needs, and lifestyles extend beyond traditional banking. It brings together wealth oversight, liquidity access, global spending, and a broader network of relevant services in one discreet and modern offering. Clique also serves as a curated access point for selected top-tier brands and specialists whose services complement the operating reality of its clients.

 

 

Learn more at www.clique.com

 

 

About Thredd

 

 

Thredd is the trusted, AI-first, cloud-enabled issuer processing platform powering the next generation of global payments. Through a single API, unified platform, Thredd delivers debit, credit, digital wallet and ledger capabilities to over 100 fintech, digital banks and embedded finance providers, across 50+ countries, processing billions of transactions annually. With a global operating footprint, local expertise, and AI integrated into every layer of its platform, Thredd has been purpose-built for speed, scale and modern issuance models, setting the standard for market entry, client experience, security, regulatory rigour and operational resilience. Learn more at www.thredd.ai

 

 

 

 

 

Budweiser Partners with Football Icons Erling Haaland and Jürgen Klopp to Unleash New “Let it Pour” Platform for FIFA World Cup 2026™

Business Wire India

Today, Budweiser, the Official Beer Sponsor of the FIFA World Cup 2026™, unveiled its newest global football platform, “Let It Pour,” cracking open four years’ worth of anticipation for the game’s biggest stage. Activating across more than forty countries, the global beer icon is supercharging celebrations with Bud FC fan events, The Bud Fan Store, and a new global film calling the world together to Let It Pour.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260428722336/en/

 

 

Budweiser Partners with Football Icons Erling Haaland and Jürgen Klopp to Unleash New  “Let it Pour” Platform for FIFA World Cup 2026™

Budweiser Partners with Football Icons Erling Haaland and Jürgen Klopp to Unleash New “Let it Pour” Platform for FIFA World Cup 2026™

 

“For over four decades, Budweiser has been part of the celebrations that define the FIFA World Cup™, be it on the pitch, in bars, or wherever fans come together,” said Richard Oppy, Global President, Premium Company at AB InBev. “‘Let It Pour’ is our invitation to consumers to fully embrace those moments. Alongside Erling Haaland and Jürgen Klopp, we’re able to bring that energy to life in a way that connects with consumers across the globe.”

 

To launch “Let It Pour,” Budweiser partnered with one of the most dominant and recognizable players in football, Erling Haaland. Known for his record-breaking performances and relentless style of play, Haaland will make his FIFA World Cup™ debut in 2026 and is encouraging fans to share in the excitement.

 

 

“In my first FIFA World Cup, I’ll be leaving everything on the pitch, so Budweiser’s ‘Let It Pour’ campaign really hits home because it reflects exactly how I feel heading into the tournament,” said Erling Haaland, Budweiser global ambassador. “I’ve dreamed of representing my country on this stage my entire life, and now that it’s here, it’s an incredible honor. What makes it even more special is knowing fans around the world will be experiencing those same moments alongside us – sharing in the energy, the emotion, and letting it all pour out in a way that makes the FIFA World Cup unforgettable.”

 

 

Budweiser also partnered with Jürgen Klopp, one of football’s most electrifying figures, to amplify the call to come together and experience the intensity that defines the tournament.

 

 

“The FIFA World Cup inspires optimism and unmatched passion for every person watching, and to share that with fans around the world is truly remarkable,” said Jürgen Klopp, Budweiser global ambassador. “I’ve lived it, so partnering with Budweiser and being part of the ‘Let it Pour’ campaign is about capturing that feeling of when fans come together, share the moment, and celebrate what makes football so special.”

 

 

Expanding the Celebration Through Exclusive Global Experiences

 

 

Building on its 40-year legacy as the Official Beer Sponsor of the FIFA World Cup™, Budweiser continues to elevate the fan experience with the unveiling of The Bud Fan Store. Available online in select markets, consumers will be able to purchase or win exclusive, tournament-inspired merchandise. From a number 26 Budweiser football kit to a FIFA World Cup 2026™ windbreaker with the iconic bowtie emblem, every piece of apparel is designed to bring fans closer to the action.

 

 

Extending the impact of “Let It Pour,” Budweiser is launching Bud FC, a global experiential platform in partnership with WINK. In select markets, Bud FC will bring football fans together at FIFA World Cup 2026™ festivals worldwide, turning every moment throughout the tournament into a shared outpouring of passion and celebration. By channeling the energy of the stadium, Bud FC creates a new stage for consumers to celebrate together.

 

 

Budweiser Showcases the Raw Emotion of Football

 

 

Budweiser’s “Let It Pour” platform, created in partnership with Grey Global, invites fans to let their memories, emotions, and beer pour. Inspired by the energy of football fandom shared across the globe, “Let It Pour” captures how that passion spills beyond the pitch – turning bars, homes, and cities into a shared celebration over 39 days. It shows how the world comes together, and strangers become teammates as they cheer on their team with a Budweiser or Budweiser 0.0% in hand.

 

 

The creative features a star-studded cast, including Haaland and Klopp, alongside cameo appearances from football legend – and Erling’s father – Alfie Haaland, and other cultural icons who join in the celebrations. Set to the iconic track “Feelin’ Alright” by Joe Cocker, the film is supported by a full suite of TV, social, and out-of-home assets.

 

 

To learn more about how Budweiser is celebrating with fans throughout the FIFA World Cup 2026™, follow @budweiser and @budfootball on Instagram, Facebook and X.

 

 

About Budweiser

 

 

Budweiser, an American-style lager, was introduced in 1876 when company founder Adolphus Busch set out to create the United States’ first truly national beer brand – brewed to be universally embraced and transcend regional tastes. Each batch of Budweiser stays true to the same family recipe used by five generations of Busch family brewmasters. Budweiser is a medium-bodied, flavorful, crisp and pure beer with blended layers of premium American and European hop aromas, brewed for the perfect balance of flavor and refreshment. Budweiser is made using time-honored methods including “kraeusening” for natural carbonation and Beechwood aging, which results in unparalleled balance and character.

 

 

About AB InBev

 

 

Anheuser-Busch InBev (AB InBev) is a publicly traded company (Euronext: ABI) based in Leuven, Belgium, with secondary listings on the Mexico (MEXBOL: ANB) and South Africa (JSE: ANH) stock exchanges and with American Depositary Receipts on the New York Stock Exchange (NYSE: BUD). As a company, we dream big to create a future with more cheers. We are always looking to serve up new ways to meet life’s moments, move our industry forward and make a meaningful impact in the world. We are committed to building great brands that stand the test of time and to brewing the best beers using the finest ingredients. Beer is the drink for moderation, and for over a century, AB InBev has championed responsible drinking. We are committed to providing our consumers with balanced choices to enjoy on any occasion. We also invest in marketing that aims to reinforce positive behaviors, and we work with communities, customers, and partners to promote responsible consumption through evidence-based initiatives.

 

 

Our diverse portfolio of well over 400 beer brands includes global brands Budweiser®, Corona®, Stella Artois® and Michelob Ultra®; multi-country brands Beck’s®, Hoegaarden® and Leffe®; and local champions such as Aguila®, Antarctica®, Bud Light®, Brahma®, Cass®, Castle®, Castle Lite®, Cristal®, Harbin®, Jupiler®, Modelo Especial®, Quilmes®, Victoria®, Sedrin®, and Skol®. Our brewing heritage dates back more than 600 years, spanning continents and generations. From our European roots at the Den Hoorn brewery in Leuven, Belgium. To the pioneering spirit of the Anheuser & Co brewery in St. Louis, US. To the creation of the Castle Brewery in South Africa during the Johannesburg gold rush. To Bohemia, the first brewery in Brazil. Geographically diversified with a balanced exposure to developed and developing markets, we leverage the collective strengths of approximately 137 000 colleagues based in more than 40 countries worldwide. For 2025, AB InBev’s reported revenue was 59.3 billion USD (excluding JVs and associates).

 

 

 

 

 

India Sees Sharp Rise in Women’s Employment to 39 pc in 2025

New Delhi, Apr 27 (BNP): India has witnessed a strong rise in women’s participation in the workforce, with the women’s employment rate increasing to 39% in 2025 from 22% in 2017, Labour and Employment Minister Mansukh Mandaviya said on Tuesday.

Speaking at an event in the capital, the Minister said the improvement reflects expanding job opportunities for women across sectors and growing inclusion in both formal and informal employment.

He said that under the leadership of Prime Minister Narendra Modi, several enabling reforms and initiatives have helped improve women’s access to employment and economic participation.

Steady Rise in Workforce Participation

Mandaviya also highlighted that the Female Labour Force Participation Rate (FLFPR) has increased from 23.3% in 2017–18 to 40% in 2025, indicating a steady improvement in women’s engagement in the labour market.

He said the trend reflects a broader structural shift in India’s economy, with more women entering diverse sectors, including services, digital platforms, and emerging industries.

Focus on Digital and Platform Economy

The Minister was speaking at the SwigStree event in New Delhi, which focused on women’s participation in the platform and gig economy.

Officials noted that increasing involvement of women in such sectors is contributing to financial independence and broader economic empowerment.

The government said continued focus on skill development, digital access, and employment-linked initiatives will further strengthen women’s participation in India’s workforce in the coming years.

AVer Unveils Next-Generation Matrix Tracking Box, Redefining Simplicity in Multi-Camera Production for High-Impact Venues

AVer Unveils Next-Generation Matrix Tracking Box, Redefining Simplicity in Multi-Camera Production for High-Impact Venues

 

Taipei, Taiwan – Apr 28: AVer Information Inc., an award-winning provider of AI audio-video solutions, announces the MT500 Matrix Tracking Box, designed as the successor to the industry-favorite MT300 to empower venues like large lecture halls, government chambers, and corporate boardrooms to manage multi-camera setups effortlessly. With native Dante AV-H1 and NDI® support2, the MT500 removes the “cable mess” of traditional Pro AV, allowing high-quality video and audio to travel over a single standard network cable. Besides, the MT500 delivers dual 4K video outputs for simultaneous lecture capture and in-room display alongside hassle-free AI features. This new addition to AVer’s line of Matrix Tracking Boxes is a remarkable all-in-one device that delivers seamless, high-impact communication.

Multi-Camera Tracking and Switching for Higher Engagement

With built-in PTZ Link Premium, the MT500 connects AVer cameras to 8 world-leading microphone brands together to create synchronized Voice Tracking while intelligently switching between diverse camera angles based on voice location, always providing the best angle of the active speaker. It employs AI algorithms to understand the “flow” of a conversation, switching angles naturally to maintain visual interest.

AI-Driven Automation for Minimized Manual Effort

The MT500 incorporates a suite of AI features to ensure a clear and professional visual experience for every participant. By automating focus, switching, and configuration, FaceFocus, IntelliSwitch, and InstaConfig3 provide zero-touch multi-camera adjustments. Together, these innovations strengthen operational efficiency by eliminating manual technical setups and reducing the configuration time required for complex hybrid environments.

Key Benefits at a Glance

The MT500 Matrix Tracking Box redefines how organizations approach multi-camera environments by prioritizing ease of use and professional results. Key benefits include:

  • Operational Efficiency: Eliminates the need for a dedicated human operator through fully automated AI tracking and switching.
  • Versatile Distribution: Serves two audiences at once with dual-output streams for simultaneous in-room and remote viewing.
  • Seamless Integration: Reduces technical overhead by unifying NDI®, Dante®, and local audio mixing into a single, compact hub.
  • Optimal Visual Engagement: Ensures remote participants feel included with broadcast-quality, and the most professional angle of every speaker.
  • Long-Term Peace of Mind: Drives higher student retention and stronger corporate alignment backed by AVer’s industry-leading 5-year warranty.

 

Odisha to Set Up Heatwave Relief Centres as State Battles Intense Summer Conditions

Bhubaneswar, Apr 28 (BNP): The Government of Odisha has announced plans to establish Heatwave Relief Centres across the state to support citizens amid continuing severe heatwave conditions.

Revenue and Disaster Management Minister Suresh Pujari said the government is closely monitoring the situation and has intensified preparedness measures in coordination with district administrations.

Odisha to Set Up Heatwave Relief Centres as State Battles Intense Summer Conditions

He added that detailed discussions have been held with collectors of all 30 districts to strengthen heatwave response systems and ensure timely implementation of safety measures.

Public Advisory in Place

The state government has urged people to avoid outdoor activities between 11 am and 3 pm, when heat intensity is at its peak. Citizens have also been advised to minimise non-essential travel during these hours.

Workers and labourers have been instructed to avoid outdoor work during peak heat periods to reduce the risk of heat-related illnesses.

Healthcare and Public Support Measures

The government has directed departments concerned to set up drinking water kiosks in public areas to ensure easy access to safe drinking water.

Special arrangements for heatstroke treatment and emergency care have been made available at all Primary Health Centres (PHCs) and Community Health Centres (CHCs) across Odisha.

Phased Rollout of Relief Centres

Officials said Heatwave Relief Centres will first be established in the most heat-affected districts and later expanded across the state based on requirement.

These centres will provide temporary shelter, drinking water, and basic medical assistance to citizens affected by extreme temperatures.

The initiative aims to strengthen Odisha’s heatwave response framework and reduce health risks during the peak summer season.

Wipro Hydraulics Signs Definitive Agreement With Indeco to Expand Product Offerings

Business Wire India

Wipro Hydraulics and Indeco Ind Spa are proud to announce that they have entered into a definitive agreement for Wipro to acquire Indeco Ind Spa. This landmark partnership comes at a symbolic moment, as both companies celebrate 50 years of engineering excellence and market leadership.

The union brings together two leaders in their respective fields: Indeco, a global benchmark in hydraulic attachments, and Wipro Hydraulics, one of the world’s largest independent manufacturers of hydraulic cylinders. This strategic move will provide the global reach and industrial strength required to make us even greater while preserving the identity that has defined the brand for half a century.

Commenting on the acquisition, Mr. Pratik Kumar, CEO, Wipro Infrastructure Engineering (WIN) & Managing Director, Wipro Enterprises, said: “This acquisition marks a milestone for us and an entry into a new adjacent space for our hydraulics business. It fulfils our quest for growth while expanding opportunities to serve our customers better.”

Mr. Sitaram Ganeshan, President, Wipro Hydraulics, said: “This acquisition adds attachments to our current hydraulic cylinder portfolio thereby broadening our customer offering. Our value proposition is enhanced with the expanded manufacturing & distribution footprint and talent. Wipro Hydraulics and Indeco each brings a 50-year legacy, with strong product positioning built on innovation, quality, reliability, and customer service.”

Ms. Susanna Vitulano, CEO of Indeco Ind Spa, commented: “It has been a privilege to be part of this incredible journey as we built Indeco into a respected global brand. Today, our products are synonymous with reliability and superior service. Wipro is the perfect partner to nurture our next phase of growth. Indeco will leverage enhanced R&D capabilities and a vast global network to further develop its existing organisation and products.”

“The Vitulano family remains deeply committed to this partnership, staying fully and operationally involved in Indeco. This ensures that the passion and values that built Indeco will continue to help us flourish within the Wipro Group.

This partnership was facilitated by PwC as Wipro’s financial advisor, with A&O Shearman serving as legal advisors. On Indeco’s side, BNP Paribas and KT&Partners acted as financial advisors with PedersoliGattai acting as legal advisors.