Archives May 2026

business

FIA Report Showcases Major Progress in Sustainability, Diversity & Inclusion

Neel Achary 0 Comment

FIA Report Showcases Major Progress in Sustainability, Diversity & Inclusion

 Dubai, UAE, May 20:  The Fédération Internationale de l’Automobile (FIA) has published its 2025 Sustainability and Diversity & Inclusion (D&I) report, highlighting major achievements in shaping the future of motorsport and mobility for its diverse global community.

 The FIA, the global governing body for motor sport and the federation for mobility organisations worldwide, continued to drive progress at the intersection of innovation, inclusion, and access through 2025.

 In environmental sustainability, it strengthened frameworks and tools to support Member Clubs, championships and events in managing their impact, while also taking steps to accelerate its own decarbonisation strategy.

 In D&I, it continued to expand participation, strengthen career pathways, and build a more inclusive environment across motor sport and mobility.

 H.E. Mohammed Ben Sulayem, President of the FIA, said: “Our diversity is our strength. Looking ahead, our direction is clear. We will continue to innovate, strengthen frameworks, and raise standards. Together, we are shaping a future in which motorsport and mobility are not only more sustainable, but more inclusive, accessible, and truly reflective of the diverse global community we serve.”

 The landmark FIA report highlighted several key environmental achievements including:

 ·       Grew the FIA’s flagship Environmental Accreditation Programme to 260+ accredited organisations (a 37% YOY increase) with a record 70 new accreditations, 33 renewals and nine upgrades.

  • Increased sustainability grants by 24% to €340,000, supporting projects on emissions reduction, biodiversity, mobility access and education.

·       Approved the first technical and safety regulations for liquid hydrogen- powered vehicles, marking a historic step toward low carbon competition.

·       Welcomed 1,000+ participants in the FIA’s Sustainable Innovation Series.

 In November 2025, the FIA launched its first Sustainability Survey for its Member Clubs to better understand their priorities and challenges across different regions. Across all Member Clubs, there was strong agreement that motor sport and mobility organisations should play a leading role in advancing climate action and sustainable development.

  In terms of its own operations last year, the FIA report noted the following

 ·       Maintained commitment to reduce absolute emissions by 2030.

·       Absolute emissions increased by 16% year-on-year against a backdrop of increased headcount and the opening of a new office in London.

·       Logistics-related emissions lowered by 2%, supported by HVO-powered DHL trucks across the European race calendar.

·       Overall impact of logistics footprint reduced by 22% through the ramp-up of investments in Sustainable Aviation Fuels.

 While important progress has been made in several areas under the FIA’s direct influence, there were substantive increases elsewhere in the footprint, especially in business travel for staff and visitors attending conferences, regional meetings, and general assemblies.

 The rise in the footprint does not mean progress has stopped, but reinforces the need for a more targeted response and strategy. It highlights the necessity to drive lower-carbon choices across motor sport and mobility, by encouraging better decisions on logistics, travel, events, procurement, and collaboration across the ecosystem.

 Not all emissions reported are directly controlled by the FIA, and the federation’s responsibility is not only to reduce its own footprint, but also to enable others to reduce theirs.  

 The inaugural FIA Karting Arrive & Drive World Cup set the tone for a landmark year in diversity and inclusion, bringing together 100+ competitors from 50 nations and a record 15 female drivers on the grid.

 Within its own workforce, 31% of the FIA’s staff was female in 2025, with almost half of those women in senior roles, reflecting continued progress on gender equity.

business

Abundia Global Impact Group Completes Strategic Acquisition of RPD Technologies

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Strengthens Abundia’s vertically integrated business strategy by expanding operations, capabilities and value proposition of its scalable waste-to-value model; recognizes immediate revenue stream

Abundia Global Impact Group, Inc. (NYSE American: AGIG) (“Abundia” or the “Company”), a low-carbon energy solutions company focused on converting biomass and plastics waste into high-value low-carbon fuels, on May 19 announced that it has completed the acquisition (the “Acquisition”) of RPD Technologies Americas, LLC (“RPD”), a scale-up project development firm focused on the design, construction, operations of pilot plants and consulting services. The Acquisition was completed and effective on April 1, 2026.

Abundia – RPD Acquisition Strategic Highlights

  • Establishes Additional Revenue Stream and Long-term Conversion Pipeline: Adds revenue generating business to Abundia’s financial profile with longer term realization of high-margin economics to deliver on the Company’s commitment to drive shareholder value
  • Increased Scale and Operational Capabilities: Adds a new business vertical offering an existing customer base, long-term opportunity pipeline and team of scale up project development and engineering experts in refining, petrochemical and renewables that establishes this unit as a core competency 
  • Expands Vertically Integrated Waste-to-Value Model: Integrates into Abundia’s model bringing development and scale up capabilities in-house and increases exposure to the full economic value chain of its waste-to-value vertically integrated platform
  • Strengthens Competitive Advantage to Form a Resilient Business: Distinguishes Abundia’s market position as a waste-to-value supply chain consolidator while strengthening and diversifying its operations and financial performance
“We’ve entered the second quarter with strong momentum led by the acquisition of RPD, fulfilling another meaningful milestone for Abundia,” said Ed Gillespie, Chief Executive Officer of Abundia. “This strategic execution underscores our disciplined approach to high value M&A opportunities that enhance our business’s ability to operate across the waste-to-value chain as a fully integrated producer of renewable products. RPD’s services business creates diversification within Abundia’s capabilities and complements the renewable products business. In parallel, we gain immediate top line growth from a revenue generating business with an established pipeline of future business. Over time, we believe RPD’s long-term opportunities will grow as we relocate its operations to the Innovation Center, currently under construction and specifically designed to cater to larger projects, positioning RPD for expansion.”

“Importantly, by converging RPD’s capabilities and its highly skilled team with Abundia’s waste-to-value project, we unlock a valuable cog in our current development cycle that strengthens our vertical integration strategy. Of particular focus is RPD’s proven track record in the development and scaling of processes in the petrochemical and renewable energy industries. This new unit will organically accelerate the company’s trajectory by assisting in the next phase of engineering the Biomass technology stack,” concluded Mr. Gillespie.

Transaction Overview

RPD initiated operations in 2019 as a project developer within the energy space offering engineering and design support for the development, scale up and commercialization of new technologies focused on refining, petrochemical and renewables. RPD’s team of approximately twenty (20) employees and engineers augment Abundia’s business with expertise in operations, engineering, process safety and quality control, and technical mechanics with a combined 100+ years of chemical engineering scale-up experience.

Revenue generated by RPD will be recognized as total revenue in Abundia’s second quarter 2026 financial statements and the Securities and Exchange Commission (the “SEC”) filings. RPD will operate as a wholly owned subsidiary of Abundia, maintaining its existing team, customer relationships, and project pipeline, while benefiting from the integration within Abundia’s broader platform.

Abundia’s acquisition of RPD aligns with its long-term strategic priorities reflected in the establishment of an incremental revenue-generating core competency under its vertically integrated waste-to-value business model. Abundia will benefit from RPD’s existing pipeline and revenue stream and favorably positions the Company to generate long-term value to shareholders. Additionally, the Acquisition demonstrates Abundia’s disciplined and strategic M&A approach, adding a services vertical that accelerates value generation. As a unit of Abundia, the RPD team will be well positioned to grow and expand operations, assets, and capabilities, supporting operating and revenue growth as it scales into a larger business.

About Abundia Global Impact Group, Inc.
Abundia Global Impact Group, Inc. (NYSE American: AGIG), formerly Houston American Energy Corp., is a low-carbon energy company focused on converting waste into value. Headquartered in Houston, Texas, we are developing commercial-scale facilities that transform waste plastics and biomass into drop-in fuels and low-carbon chemical feedstocks. Our flagship project at Cedar Port positions Abundia at the center of the Gulf Coast’s energy and chemical infrastructure, with access to feedstock supply chains, upgrading partners, and end markets.

For more information, please visit www.abundiaimpact.com.

About RPD Technologies Americas, LLC

RPD is a project development firm focused on the design, development, scale up and commercialization of new technologies in the refining, petrochemical and renewables space. Collectively, the RPD team accounts for over 100+ years of chemical engineering and scale up experience. RPD’s capabilities consist of project inception and design, the construction commissioning start-up stage, experimental operations phase, scale up analysis and modeling. A critical element of RPD’s capabilities in renewable energy is expansive experience with the technologies and mechanics associated with the refining process of various feedstock including pyrolysis-oils, biomass, plastics and derivatives streams, naphtha, UMO, VGO, and lipids. RPD was founded in 2019 and with headquarters in the Cedar Port Industrial Park in Baytown, TX. To learn more, visit www.rpdtechnologies.com.
news

Teenage Star Vaibhav Suryavanshi Powers Rajasthan Royals to Thrilling Win, Keeps Playoff Hopes Alive

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Jaipur, May 20 (BNP): Teenage batting sensation Vaibhav Suryavanshi produced a breathtaking display of power-hitting to guide Rajasthan Royals to a remarkable seven-wicket victory over Lucknow Super Giants in a high-scoring Indian Premier League encounter, keeping Rajasthan firmly in contention for a playoff berth.

Teenage Star Vaibhav Suryavanshi Powers Rajasthan Royals to Thrilling Win, Keeps Playoff Hopes Alive

Chasing a daunting target of 221 runs, Rajasthan Royals rode on Suryavanshi’s explosive 93 off just 38 deliveries, an innings studded with 10 towering sixes and seven boundaries. Displaying fearless intent and maturity beyond his years, the young batter dismantled the Lucknow bowling attack and laid the foundation for one of Rajasthan’s most crucial wins of the season.

Earlier, Lucknow Super Giants had posted a formidable 220/5 in 20 overs, powered by a blistering 96 from Mitchell Marsh, who narrowly missed a century, while Josh Inglis added quickfire momentum with a 29-ball 60.

In reply, Suryavanshi forged a strong opening stand with Yashasvi Jaiswal, who contributed a fluent 43 off 23 balls. The chase was later steadied and completed by Dhruv Jurel, who remained unbeaten on 53 off 38 deliveries, ensuring Rajasthan crossed the finish line comfortably in just 19.1 overs.

The victory lifted Rajasthan Royals to 14 points and significantly boosted their playoff aspirations ahead of a crucial final league clash against the Mumbai Indians. A win in the upcoming fixture would secure Rajasthan a place in the playoffs, intensifying excitement among fans as the IPL season nears its climax.

technology

Sony India Launches FE 100-400mm G Master Super-Telephoto Lens

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New Delhi, May 20 : Sony India today announced the launch of the FE 100-400mm F4.5 GM OSS, the latest addition to its flagship G Master series of full-frame Alpha™ E-mount cameras. Designed for wildlife, birding, sports and photojournalism creators, the new lens combines outstanding optical performance, high-speed autofocus, and enhanced portability to help professionals capture every moment with clarity.

Sony India Launches FE 100-400mm G Master Super-Telephoto Lens

Covering a 100-400 mm focal range with a constant F4.5 aperture, the FE 100-400mm lens delivers remarkable high resolution and beautiful bokeh similar with Sony’s G Master series. The lens comes with advanced autofocus technology and offers autofocus that speeds up to approximately 3x faster compared to previous generation models.

 
With an 1,840 g build up, it comes with an innovative internal zoom structure that maintains a stable centre of gravity throughout the zoom range, enabling smooth handheld operation and improved shooting comfort for professionals on the move.
 
“We are excited to further strengthen Sony India’s extensive G Master lens portfolio with the launch of the FE 100-400mm F4.5 GM OSS. Designed for professional photographers and videographers, this lens combines exceptional telephoto reach, fast and precise autofocus performance, a lightweight form factor and outstanding image quality. It is ideally suited for demanding genres such as wildlife, sports, birding, and photojournalism. With one of the most comprehensive premium lens ecosystems in the industry, Sony continues to empower professionals with advanced capabilities.” said Mukesh Srivastava, Head-Imaging & Professional Solution Business, Sony India.
 
Exceptional G Master Optics
 
The FE 100-400mm F4.5 GM OSS is designed to deliver exceptional image quality across the entire 100-400 mm zoom range, maintaining fine detail and clarity even when shooting wide open at F4.5. Additionally, it also comes with an enhanced optical construction, a newly developed ED XA (Extra-low Dispersion extreme aspherical) element, along with XA (extreme aspherical), two Super ED (extra-low Dispersion), and three ED glass elements. Together, these elements effectively suppress chromatic and spherical aberrations to achieve high resolution and sharpness from the centre to the edges of the frame throughout the zoom range.
 
With Sony’s Nano AR Coating II, it helps minimize ghosting and flare, enabling high-contrast images even in challenging surroundings. The lens also comes with an 11-blade circular aperture with precision spherical aberration control, producing the smooth and natural background blur characteristic of the G Master series.
A constant F4.5 maximum aperture ensures stable exposure while zooming, making it especially useful for both still photography and videography. Additionally, the lens supports optional tele converters, extending focal length capabilities up to 800 mm, or up to 1,200 mm when used in APS-C mode.
 
Fast and Reliable Autofocus Performance
 
The new lens is designed with four custom-optimized XD (extreme dynamic) Linear Motors, a floating focus mechanism, and Sony’s latest autofocus algorithms to deliver highly responsive and precise autofocus performance. Together, these features enable autofocus speeds that are up to 3x faster, along with approximately 50% improved subject tracking performance compared to the previous-generation model.
 
It is also fully compatible with the Alpha 9 III’s high-speed continuous shooting capabilities of up to 120 fps with AF/AE tracking, helping creators reliably capture fast-moving subjects with greater accuracy and consistency.
 
Lightweight Build with Enhanced Mobility
 
The FE 100-400mm F4.5 GM OSS offers advanced optical design, precision mechanical engineering, lightweight yet durable magnesium alloy barrel components, and high-efficiency XD Linear Motors to achieve a compact and strong build weighing approximately 65 oz. (1,840 g). Despite its super-telephoto capabilities, the lens is designed to support comfortable handheld shooting and extended usage in the field.
Its inner-zoom design maintains a constant lens length and stable center of gravity throughout the zoom range, allowing photographers to make precise framing adjustments without affecting balance or handling.
 
Built for professional Handling and offers Reliably under challenging conditions
 
It is designed to support professional shooting requirements across both photography and videography. With built-in image stabilization feature, it supports Active Mode and works in coordination with compatible camera bodies to deliver stable handheld shooting performance. The lens also supports the camera body’s breathing compensation feature, helping minimize angle-of-view shifts during focus transitions while recording video.
For enhanced flexibility, the lens includes four customizable focus hold buttons along with a dedicated function ring, enabling intuitive and personalized control based on shooting preferences.
 
Built with a dust and moisture resistant design, the lens is further protected by a fluorine coating on the front element, helping maintain reliable performance in demanding outdoor conditions while making the surface easier to clean.
 
Sustainability-focused design and packaging
 
As part of Sony’s Road to Zero initiative, the lens incorporates recycled materials across multiple components. More than 22% of the product’s total plastic weight is made using recycled plastic, including over 11% in the lens barrel, more than 41% in the lens hood, and over 78% in the lens caps. In addition, Sony is also transitioning towards recyclable non-plastic packaging materials, with plant-based non-woven fabrics being used for the product bags as part of its broader sustainability efforts.
 
business

Johns Manville Announces John Vasuta as New CEO

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Business Wire India

Johns Manville (JM), a global building and specialty products manufacturer and a Berkshire Hathaway company, announced today that Bob Wamboldt will retire and John Vasuta will assume the role of President and Chief Executive Officer, effective August 1, 2026.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260519630814/en/

 

 

John Vasuta will become JM's CEO and President on August 1, 2026.

John Vasuta will become JM’s CEO and President on August 1, 2026.

 

Vasuta joined Johns Manville in 2019 as President of the company’s Engineered Products business. He also serves on the Board of Directors for EJ, a global leader and private manufacturer of infrastructure access products for water, sewer, utilities, drainage and telecommunications.

 

“It’s an extraordinary privilege to step into the role of CEO,” Vasuta said. “I’m deeply honored to continue serving our customers and supporting the employees whose dedication makes our success possible.”

 

 

Before joining JM, John held leadership roles at Bridgestone Corp., including President of Firestone Building Products International and Senior Vice President of Global Sales, Marketing & Operations, among others. He holds a bachelor’s degree in Engineering, an MBA and a Juris Doctor from the University of Akron.

 

 

John’s proven leadership, industry expertise, and strong relationships with both customers and employees make him exceptionally well‑suited to lead JM into the future. He will continue to build on the company’s 168-year history by delivering positive and powerful experiences for employees, customers, owners and other stakeholders.

 

 

“I am incredibly proud of what we’ve accomplished together, achieving milestones that reflect the hard work and dedication of our entire organization,” Wamboldt said. “As I step into retirement, I have absolute confidence in John, whose leadership will guide the company to even greater success.”

 

 

Wamboldt joined Johns Manville in 2003 and went on to lead each of the company’s three businesses – Engineered Products, Roofing Systems and Insulation Systems – before being named President and CEO in 2020.

 

 

“During Bob’s tenure, the company achieved significant progress, and we appreciate the dedication and professionalism he brought to the role of CEO,” said Mary Rhinehart, Chair of Johns Manville. “We congratulate him on a well‑earned retirement and look forward to John continuing to build on this strong foundation for the future.”

 

 

About Johns Manville

 

 

Johns Manville (JM), a Berkshire Hathaway company (NYSE: BRK.A, BRK.B), is a leading manufacturer and marketer of premium-quality products for building insulation, mechanical insulation, industrial insulation, commercial roofing and roof insulation, as well as fibers and nonwovens for commercial, industrial and residential applications. In business since 1858, the Denver-based company has annual sales of over $4 billion and holds leadership positions in all of its key markets. JM employs nearly 8,000 people and operates in 43 North American and European locations. Additional information can be found at www.jm.com.

 

 

 

 

 

business

Motorola Razr Fold Goes on Sale in India Featuring World’s #1 Foldable Camera System Recognised by DXOMARK Gold Label, 6000mAh Biggest Battery in Foldables and Bright 6.6″ Screen That Unfolds Into a Massive 8.1″ 2K Display Starting at Rs. 5,556*/month Along With Moto Buds 2 Plus Featuring Segment’s Best Audio Powered by Sound by Bose at Rs. 4,999*

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Business Wire India

  • The motorola razr fold and moto buds 2 plus go on sale today from 12 PM onwards on Flipkart, Motorola.in, and leading retail stores across India at an effective price starting at just Rs. 1,39,999* and Rs. 4,999* respectively
  • The smartphone features the World’s Best Foldable Camera System recognised with the DXOMARK Gold Label for imaging excellence, featuring pro grade Sony LYTIA™ lenses with up to 8K Dolby Vision® recording, powered by a 50MP Sony LYTIA™ 828 main sensor, 50MP Sony LYTIA™ 600 Periscope Camera with 3x optical zoom and 100x Super Zoom Pro, 50MP ultrawide plus macro vision camera, along with 20MP and 32MP selfie cameras
  • The device is powered by the biggest battery in foldables, a massive 6000mAh silicon carbon battery delivering over 43 hours of battery life with 80W TurboPower™ charging, 50W wireless charging and 5W reverse charging
  • The motorola razr fold comes with the brightest 6.6″ Extreme AMOLED external display with up to 165Hz LTPO refresh rate that unfolds into a massive 8.1″ 2K Extreme AMOLED main display with peak brightness of 6200 nits along with Dolby Vision® and HDR10+
  • Built for durability with a precision engineered aircraft grade steel hinge with titanium reinforcement and Corning® Gorilla™ Glass Ceramic 3 protection along with IP48 and IP49 ratings
  • Powered by Snapdragon® 8 Gen 5 built on advanced 3nm architecture and runs on Android™ 16 with advanced moto ai experiences
  • Available in 12GB + 256GB and 16GB + 512GB variants, in PANTONE™ Blackened Blue Diamond Piqué-Inspired Finish and PANTONE™ Lily White Satin Luxe Inspired Finish
  • The motorola razr fold is also available in a special FIFA World Cup 2026 Edition with exclusive FIFA UI customisations, FIFA Heroes game and 24 karat FIFA logo plating on the back panel
  • Accompanied by moto buds 2 plus offering Segment’s Best Audio powered by Sound by Bose with powerful 11mm dynamic drivers and advanced Dynamic ANC delivering immersive audio experience
  • Moto buds 2 plus features Bluetooth® 6.0, Dual Connection, CrystalTalk AI, LHDC and LDAC codec support, up to 40 hours total playback and IP54 water repellent design

Motorola, a global leader in mobile technology and innovation and India’s leading AI smartphone brand, today announced the sale of the motorola razr fold and moto buds 2 plus in India. Starting today from 12 PM onwards, consumers can purchase the devices on Flipkart, Motorola.in and leading retail stores across India at an effective price starting at just Rs. 1,39,999* for the motorola razr fold and Rs. 4,999* for the moto buds 2 plus.

The motorola razr fold redefines the foldable smartphone experience with its industry leading camera capabilities, immersive display technology, flagship performance and intelligent moto ai experiences. Recognised with the DXOMARK Gold Label for imaging excellence, the smartphone features the World’s Best Foldable Camera System powered by a triple 50MP pro grade camera setup led by Sony LYTIA™ sensors. The camera system delivers exceptional clarity, cinematic dynamic range, sharper details and blur free captures while enabling ultra sharp 8K Dolby Vision® recording and 4K Dolby Vision® recording up to 60fps across all lenses.

The device is powered by the Snapdragon® 8 Gen 5 processor built on advanced 3nm architecture delivering fast, efficient and intelligent performance. Combined with up to 16GB LPDDR5X RAM and up to 512GB UFS 4.1 storage, the motorola razr fold ensures smooth multitasking, responsive gaming and seamless productivity.

The smartphone also features the biggest battery in foldables with a massive 6000mAh silicon carbon battery delivering more than 43 hours of battery life on a single charge. It supports 80W TurboPower™ fast charging, 50W wireless charging and 5W reverse charging enabling uninterrupted productivity and entertainment throughout the day.

The motorola razr fold offers an immersive viewing experience with its massive 8.1″ 2K Extreme AMOLED main display and 6.6″ Extreme AMOLED external display. The display supports Dolby Vision®, HDR10+, 100% DCI P3 colour gamut and up to 6200 nits peak brightness delivering vibrant colours, exceptional outdoor visibility and cinematic viewing experience.

Blending craftsmanship with durability, the smartphone comes with premium Satin Luxe and Diamond Piqué inspired finishes in Pantone™ curated – Blackened Blue and Lily White colours. It features a precision engineered aircraft grade steel hinge with titanium reinforcement for long term durability and smooth folding experience. The smartphone also comes with Corning® Gorilla™ Glass Ceramic 3 protection and IP48 and IP49 ratings for enhanced resistance against water and dust.

Running on Hello UI based on Android™ 16, the motorola razr fold delivers advanced moto ai features, including Catch Me Up 2.0, Pay Attention, AI Image Studio, Recall and Global Search enabling smarter productivity and personalised experiences.

Complementing the foldable experience, the moto buds 2 plus delivers Segment’s Best Audio powered by Sound by Bose. Equipped with powerful 11mm dynamic drivers and balanced armatures by Knowles, the earbuds deliver rich bass, detailed vocals and immersive sound quality. The earbuds also feature advanced Dynamic ANC, CrystalTalk AI-powered calling and support for LHDC and LDAC codecs for high quality low latency wireless audio.

The moto buds 2 plus offers up to 40 hours of total playback with the charging case and supports Bluetooth® 6.0, Dual Connection, Gaming Mode, Wear Detection, Fit Test and IP54 water repellent protection, making it an ideal companion for everyday entertainment and productivity.

 

Availability:

The motorola razr fold will be available in two storage variants, including 12GB RAM + 256GB and 16GB RAM + 512GB and will come in stunning Pantone™ curated colour options, PANTONE™ Blackened Blue and PANTONE™ Lily White. The device features a range of premium finishes including Diamond Piqué-Inspired Finish and Satin-Luxe Inspired Finish, designed to deliver a unique, luxurious in-hand feel while ensuring durability and everyday comfort. Also, motorola razr fold will be available in FIFA special edition in limited quantities. The moto buds 2 plus is will be available in two stylish colours, PANTONE Silhouette and PANTONE Cool White.

The devices will go on sale starting 20th May 2026, from 12 PM onwards on Flipkart, Motorola.in, and leading retail stores across India, at an effective launch price starting at Rs. 1,39,999* and Rs. 4,999* respectively.

LAUNCH PRICING

motorola razr fold 12/256 GB: Rs 149,999

motorola razr fold 16/512 GB: Rs 159,999

motorola razr fold 16/512 GB FIFA Edition: Rs 169,999

Moto Buds 2 Plus: Rs 5,999

 

Affordability Offer details:

For motorola razr fold Consumer can avail offers mentioned below:

  • Flat Rs 10, 000 Instant Bank discount

OR

  • Flat Rs 10,000 Exchange bonus

There is also no cost EMI upto 18 months on select banks.

For moto buds 2 plus Consumer can avail offer mentioned below:

  • Flat Rs 1.000 Instant Bank discount

 

NET EFFECTIVE PRICING (including bank and exchange offers)

  • motorola razr fold 12/256 GB: Rs 99,999* or as low as Rs 5,556^/month
  • motorola razr fold 16/512 GB: Rs 109,999* or as low as Rs 6,111^/month
  • motorola razr fold 16/512 GB FIFA Edition: Rs 119,999* or as low as Rs 6,667^/month
  • Moto Buds 2 Plus: Rs 4,999*

* *T&C Apply. Value calculated assuming an exchange value of Rs. 40,000 and exchange bonus of 10,000, applicable on select exchange devices only.

^Calculated for 18 month No cost EMI on the device value of 99,999 including exchange

 

Service Offer details:

Customers who purchase motorola razr fold during first 1 month i.e. till 20th Jun, gets FREE one time screen replacement (valid for 1 year)

 

Operator Offer details:

Jio Users can also avail exciting offers on plan worth Rs 449

  • 3 Months Hotstar Free
  • 5000 GB with Pro Gemini.
  • Plus, additional Cashback & offers from key brands
    • Rs 2,000 value on Tira, upto Rs 200 on Ajio
    • Rs 2,200 off on flights and offers worth Rs 4000 from Easemytrip

 

For more details on offer, please visit – https://www.jio.com/offers/brand-partners/jio-motorola-razr-fold-offer-2026/

 

To know more about the product visit: 

Flipkart – https://www.flipkart.com/motorola-razr-fold-coming-soon-ads-store

Motorola website – https://www.motorola.in/smartphones-motorola-razr-fold/p?skuId=652

 

Disclaimers:

^All battery life claims are approximate and based on the median user tested across a mixed use profile (which includes both usage and standby time) under optimal network conditions. Actual battery performance will vary and depends on many factors, including signal strength, network and device settings, temperature, battery condition, and usage patterns.

*Price including all offers

~ As Per TechArc India’s Leading AI Smartphone Brand Report 2025

business

Mereo Insurance Announces Move into Excess Casualty Insurance

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Business Wire India

Mereo Insurance Limited (“Mereo”) today announced a renewal rights transaction with Everen Specialty Ltd. (“ESL”), a member of the Everen Group, for ESL’s Excess Casualty Energy portfolio.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260519154915/en/

 

 

David Croom-Johnson, President & Chief Executive Officer of Mereo Insurance Limited

David Croom-Johnson, President & Chief Executive Officer of Mereo Insurance Limited

 

Under the transaction, Mereo will become the insurance carrier on a go-forward basis for both new and renewed business effective June 1, 2026. ESL’s underwriting team and underwriting systems supporting the Excess Casualty Energy portfolio will also transition to Mereo, led by former ESL Chief Underwriting Officer, Carla Greaves.

 

Under the terms of the agreement, Mereo will provide ESL insureds with continuity of coverage, access to AM Best “A- rated” paper, and the support of Mereo’s strong capital base, while ESL will service claims, ensuring that insureds continue to benefit from ESL’s prompt, transparent, and fair approach to claims servicing.

 

 

The transaction supports Mereo’s vision to become a leading next-generation global insurance and reinsurance platform by bridging the traditional insurance market with capital markets.

 

 

“This transaction is a strong strategic fit for Mereo and underscores our commitment to providing durable capacity and consistent, high-quality service to the energy market,” said David Croom-Johnson, President & Chief Executive Officer of Mereo Insurance Limited.

 

 

“We are pleased to welcome the experienced ESL underwriting team and to work in close partnership with the Everen Group to deliver a smooth transition for brokers and clients ahead of June 1 renewals. We see this as a mutually beneficial, long-term relationship, building on ESL’s 40-year track record in the Bermuda market, a solid portfolio of business, and an experienced team of underwriters.”

 

 

Robert Foskey, President & Chief Executive Officer of the Everen Group, commented, “This is an important milestone, and we are pleased that Mereo will carry the ESL Excess Casualty Energy portfolio forward. Our priorities throughout have been clear: continuity for the insureds who rely on large casualty limits, a soft landing for the ESL underwriting team, and a partner who will hold to the standards of service our insureds expect.”

 

 

“As a Bermuda-based company invested in the long-term strength of this market, we are equally pleased that the transaction keeps meaningful excess liability capacity on-island.”

 

 

Mereo and ESL are working closely together to ensure that renewed policies are transitioned seamlessly on or before June 1, 2026. Existing broker and client relationships will be supported by a coordinated handover plan.

 

 

About Mereo:

 

 

Mereo is a Bermuda-based insurer and reinsurer providing specialty solutions across Casualty, Specialty and Property classes and participates on both on a proportional and non-proportional basis through its office in Hamilton, Bermuda. The company maintains an AM Best A- (Excellent) financial strength rating with a Stable outlook and a well-capitalized platform that underpins its ability to deliver continuity of cover and long-term support to policyholders. For further information about Mereo visit: www.mereoinsurance.com

 

 

About Everen Group:

 

 

The Everen Group – a group of leading energy insurance companies based in Bermuda – includes two independent operating companies providing complementary products: Everen and Everen Specialty. For further information about the Everen Group visit www.everengroup.bm

 

 

For inquiries regarding this press release, please contact Elizabeth Deacon, Communications Manager at elizabeth.deacon@everengroup.bm

 

 

 

 

 

business

Axione Development to Build Advanced Cold Chain Infrastructure at Abu Dhabi Food Hub

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Abu Dhabi, UAE – 20  May 2026: Abu Dhabi Food Hub, AD Ports Group’s integrated food trade and logistics hub, announced the signing of an agreement with Axione Development for the development of advanced cold chain infrastructure in Abu Dhabi.

In accordance with the agreement, which underlines the growing confidence in the Emirate’s upcoming premier food platform, Axione Development will develop a dedicated cold chain facility on a 37,000 sqm plot under a 50-year land lease agreement to support the broader ecosystem of traders and businesses that will operate within Abu Dhabi Food Hub’s integrated marketplace. Designed as enabling infrastructure for the wider market, the facility will strengthen critical cold chain capabilities serving wholesale trade, distribution and value-added food supply activities.

Axione Development to Build Advanced Cold Chain Infrastructure at Abu Dhabi Food Hub

Abdulla Al Hameli, CEO Economic Cities & Free Zones, AD Ports Group, said: “Food security is a national priority for the UAE and an essential pillar of our sustainable economic development. Strong partnerships such as our deal with Axione Development strengthen this long-term goal of world-class infrastructure, diversified trade corridors, and strong partnerships between the public and private sectors. Within this wider vision, Abu Dhabi Food Hub represents how national priorities can be translated into practical market infrastructure that supports the efficient movement, storage, and trade of food products. We are pleased to see the project continue to progress through partnerships such as this, reinforcing its role in becoming a central food trade gateway for the UAE and the wider region.”

The agreement reflects continued momentum in the development of Abu Dhabi Food Hub’s next-generation wholesale market ecosystem, which brings together wholesale trade, logistics, warehousing, distribution and digital enablement within a single integrated platform designed to enhance the efficiency and resilience of regional food supply chains.

The development of advanced cold chain infrastructure forms a key component of the Abu Dhabi Food Hub’s broader proposition to support the UAE’s long-term food security ambitions through modern, future-ready trade and supply chain infrastructure. The agreement also signals expanding customer and investor interest in Abu Dhabi Food Hub as construction progresses, and the project advances toward operational readiness by Q4 2026.

As a landmark agreement within the Hub’s commercial development journey, the partnership with Axione Development further reinforces Abu Dhabi Food Hub’s role in shaping a globally connected wholesale and logistics ecosystem for food trade in the region.

Jens Michel, Chief Executive Officer of Abu Dhabi Food Hub, said: “Our objective is to build an ecosystem where traders and supply chain partners can operate with greater efficiency, reliability, and access to modern infrastructure. This agreement with Axione Development marks an important client milestone for Abu Dhabi Food Hub and reinforces the market demand for purpose-built facilities that support the evolving needs of regional and global food trade.”

Mikhail Zarkhi, Managing Partner of Axione Development, said: “We are pleased to partner with Abu Dhabi Food Hub on this strategic development. Our focus is to deliver modern, high-specification cold chain infrastructure that meets the evolving operational requirements of today’s food businesses. Through this project, we aim to support food trade with efficient and reliable infrastructure capabilities that enable business growth, strengthen supply continuity, and contribute to a more resilient food ecosystem.”

Daniel Ilizarov, Managing Partner of Axione Development, said: “This project represents a strategic step in expanding institutional-grade infrastructure within the UAE. We see Abu Dhabi Food Hub as a unique platform combining trade, logistics, and regulatory efficiency, which creates a compelling environment for long-term capital deployment. Our objective is to deliver scalable, high-performance assets that align with global standards and support the continued growth of regional food supply chains.”

Strategically located between Abu Dhabi and Dubai in KEZAD, Abu Dhabi Food Hub is set to become a central gateway for food trade, connecting global supply with regional demand through modern infrastructure, efficient logistics, and a collaborative business environment.

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Virat Kohli, Rohit Sharma Return for Afghanistan ODIs; Ravindra Jadeja Misses Out on Test & ODI Squads

Neel Achary 0 Comment

May 20 (BNP): The Board of Control for Cricket in India on Tuesday announced Team India’s squads for the upcoming Test and One-Day International (ODI) series against Afghanistan, with the return of senior batters Virat Kohli and Rohit Sharma for the ODI format emerging as a major highlight.

The squad announcement signals the comeback of two of India’s most experienced campaigners, strengthening the batting line-up ahead of the bilateral contest. Their return is expected to boost both stability and experience in the ODI unit as India prepares for a busy international calendar.

In another significant development, all-rounder Ravindra Jadeja was excluded from both the Test and ODI squads, raising questions over team strategy, fitness considerations, or workload management. The selectors, however, have not officially elaborated on the reason behind his omission.

The selection panel also made notable changes in the wicketkeeping department, with KL Rahul replacing Rishabh Pant in the squad, adding another talking point ahead of the series.

The India-Afghanistan series is expected to provide crucial match exposure and help the team refine combinations across formats, while fans eagerly await the return of Rohit and Kohli in India colours.

business

Bounteous Appoints Srikanth Kamaraju as Executive Vice President, India Practice Leader

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Business Wire India

Bounteous, an AI Services Firm, today announced the appointment of Srikanth Kamaraju as Executive Vice President, India Practice Leader, supporting the company’s continued expansion of AI and digital transformation capabilities in India and globally. Srikanth joins Bounteous with more than 25 years of global leadership experience spanning digital transformation, artificial intelligence and generative AI strategy, customer success, and enterprise consulting.

Prior to joining Bounteous, Srikanth held leadership roles at Adobe and Cognizant, where he led global consulting and digital transformation initiatives in the data, AI, and platform space across APAC, EMEA, and North America. He helped enterprises modernize customer experience capabilities, scale digital platforms, and accelerate AI adoption across financial services, retail, and technology industries.

“Srikanth’s experience leading global transformation initiatives and building AI-driven consulting capabilities makes him a strong addition to our leadership team,” said Kelly Jessop, Chief Solutions Officer at Bounteous. “His customer-first mindset and track record of scaling innovation will help strengthen our teams across India and support continued growth for our clients worldwide.”

In his new role, Srikanth will expand customer partnerships, grow the firm’s practice capabilities, and accelerate innovation across industries including financial services, high tech, healthcare, telecommunications, consumer services, and manufacturing. His appointment reflects the company’s continued investment in India as a strategic hub for data, AI, cloud, and customer platform capabilities.

“Bounteous combines deep technical expertise with a collaborative, innovation-focused culture,” said Srikanth. “I’m excited to help scale our India practice and partner with clients to deliver AI-enabled solutions that drive meaningful business outcomes.”

Bounteous continues to expand its global capabilities to help clients accelerate transformation through AI, data, cloud, and experience-led solutions.