Archives May 2026

Business Wire India

In a landmark move set to reshape solar inverter distribution across the Country, FIMER India Private Limited and Redington Solar – subsidiary of Redington Limited, have signed a formal Pan-India Distributorship Agreement for FIMER’s string inverter portfolio. The agreement positions Redington Solar as the new distribution partner for FIMER string inverters, leveraging Redington’s nationwide reach to bring FIMER’s cutting-edge technology closer to C&I customers, solar developers, EPCs, and rooftop installers all over the country.

 

Through this partnership, Redington and FIMER will drive the adoption of residential 3KW and 5KW inverter solutions under the PM Surya Ghar initiative, as well as the other commercial range of inverters from FIMER. The collaboration strengthens market reach while enabling EPC and installer partners with a single-point distribution support for product availability, competitive pricing, credit assistance, and seamless logistics.

 

The agreement was formally signed at RenewX Chennai on 27 April 2026, bringing together senior leadership from both organisations. The signing was concluded in the presence of Muthukumaran S, Senior Sales Manager, and Upasana Boruah, Senior Manager – Marketing & Corporate Communications, from FIMER, along with Nimit Parmar, Global Vendor Alliance Manager, ESG Division, and Dinesh Babu V, Head of Business, Redington Solar from Redington.

 

Upasana Boruah, Senior Manager – Marketing & Corporate Communications, FIMER, said: “Our partnership with Redington Solar is a decisive step in ensuring that FIMER string inverters are accessible to every solar developer, EPC, and installer across the country. We are proud to combine our product excellence with Redington’s extraordinary market reach to serve India’s energy transition at scale.”

 

“Redington Solar has always been committed to unlocking impact while keeping sustainability at the core of its vision. This partnership marks a significant step toward making clean solar energy technologies more accessible and accelerating solar adoption across the country. Aligned with India’s renewable energy ambitions, our collaboration with FIMER will strengthen the adoption of its innovative string inverters, driving greater residential and commercial rooftop solar installations. Backed by Redington’s strong market presence and robust distribution network, we are well positioned to scale solar solutions nationwide,” – said Dinesh Babu V, Head of Business, Redington Solar.

 

“At Redington Solar, sustainability is not just a business priority, but a long-term commitment toward enabling a cleaner energy future. Our partnership with FIMER reflects a shared vision of accelerating India’s transition to renewable energy by making advanced solar technologies more accessible across markets. By combining FIMER’s innovative inverter solutions with Redington’s extensive distribution ecosystem, we aim to support scalable, efficient, and sustainable solar adoption aligned with India’s growing clean energy ambitions,”- said Nimit Parmar, Global Vendor Alliance Manager, ESG Division, Redington.

 

This partnership reinforces FIMER’s strategic intent to deepen its footprint in India’s rapidly growing solar sector through robust channel development and localized market support. With Redington Solar’s pan-India infrastructure spanning thousands of channel partners, resellers, and service touchpoints, FIMER’s string inverters will be supported end-to-end, from pre-sales advisory to commissioning assistance and after-sales service. The agreement also reinforces FIMER’s commitment to Make-in-India aligned supply chains and the broader national goal of indigenous clean energy capacity building.

 

Business Wire India

Dubai Chamber of Commerce, one of the three chambers operating under Dubai Chambers, has announced that 3,995 new Indian companies joined the chamber during Q1 2026, underlining the deepening economic and business ties between India and Dubai amid a complex global business environment.

 

The total number of Indian companies registered as active members of Dubai Chamber of Commerce reached 84,088 by the end of March 2026, reinforcing India’s position as the largest foreign business community in Dubai. The continued growth reflects the increasing confidence of Indian businesses in Dubai as a trusted hub for business continuity, international expansion, and long-term growth.

 

H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: “In an increasingly complex global economy, companies are placing greater value on markets that provide clarity, reliability, and the ability to keep enterprise moving. The continued growth of Indian businesses underlines the trust they place in Dubai as a platform for long-term success. The emirate provides the infrastructure, agility, and connectivity companies need to grow with confidence, even as global conditions continue to evolve.”

 

“The Dubai-India partnership is built on a history of strong cultural ties and shared ambition. Looking ahead, Dubai Chambers will continue working to strengthen this relationship, support Indian companies and investors, and ensure they remain fully equipped to expand through Dubai. For Indian businesses, Dubai’s value is not only that it opens doors to opportunity. It keeps those doors open when it matters most.”

 

Dr. Joy Alukkas, Chairman and Managing Director of Joyalukkas Group, stated: “For 39 years, the UAE has been the launchpad for our global ambitions. What I have come to deeply appreciate is the visionary leadership. Through every crisis and shift in the global landscape, the UAE government has stood shoulder to shoulder with the business community, offering continuity, security, clarity, and unwavering support. It is this partnership that has shaped my confidence and fuelled my hunger to grow. What we continue to witness on the ground is a nation moving forward with confidence, stability, and uninterrupted momentum. Families continue to live, thrive, and feel safe here, and the spirit of commerce remains undiminished. Peak occasions like Akshaya Tritiya saw jewellery businesses flourish – a testament to Dubai’s ability to absorb uncertainty and convert it into opportunity.

 

The foundation of this dynamic nation is stability, security, world-class infrastructure, forward-looking regulation, and leadership that consistently anticipates the future. Our faith in this country and in the road ahead remains as firm and unwavering as ever.”

 

Siddharth Balachandran, Chairman of Indian Business and Professional Council, said: “Dubai is a rare ‘constant’ in this ever changing, and often chaotic, world. This is the first cog in the symbolic economic wheel that macro-economic fundamental value investors like me look for. I have conviction in the forward-looking policies of Dubai, and the UAE, that is based on a bottom-up approach where the Government has its ear to the ground constantly. The process of ongoing dialogue is one of the major facets of the Dubai economic model that has resulted in a strengthening of my investment valuation by almost 15%. Dubai believes in holistic sustained success, and I believe in Dubai!”

 

Nilesh Ved, Chairman of AppCorp Holding and Owner of Apparel Group, commented: “For Indian businesses operating globally, stability and agility matter as much as opportunity and Dubai continues to lead on both fronts. The UAE leadership’s forward-looking vision, strong banking ecosystem, business-friendly policies, and continued support for the private sector have created a highly trusted environment for growth and expansion.”

 

Ved added: “Dubai today is far more than a regional hub; it is one of the world’s leading global cities, attracting investment, innovation, startups, and talent from across the world. The continued normal functioning of businesses, malls, and Emirates Airlines global operations during this period further demonstrates the resilience, efficiency, and confidence that define Dubai’s operating environment. For Indian companies, it offers the connectivity, stability, and momentum needed to scale regionally and globally.”

 

Dubai’s business environment is supported by clear regulation, advanced infrastructure, transparent communication, and strong logistics capabilities that help businesses stay focused on growth. The AED 1 billion package of economic incentives announced by the Government of Dubai in March further helped ease financial pressures and enhance liquidity.

 

In parallel, Dubai’s logistics ecosystem has also supported the continued movement of goods through strong air cargo capabilities, alternative routes via Khorfakkan and Fujairah, and a temporary green corridor between Dubai and Oman. Additionally, Dubai International Chamber continues to support Indian companies through its offices in Mumbai and Bengaluru, helping them establish and grow in Dubai.

 

Business Wire India

Blenders Pride Packaged Drinking Water unveils ‘Blenders Pride Reserved Experiences’, a new cultural platform designed to reimagine how flavour is experienced – across the senses.

 

At a time when consumers are gravitating towards more meaningful and elevated experiences – ones that reflect their own evolving tastes and choices, ‘Blenders Pride Reserved Experiences’ responds to this shift by transforming flavour into something more expressive.

 

Rooted in the idea of ‘Reserved in Every Sense’, the platform presents flavour as a multi-dimensional journey – one that can be seen, heard, felt and experienced, not just tasted.

 

Curated with Chef Kunal Kapur, the experience brought this vision to life through an intimate, exclusive showcase. At the heart of the evening was a live gastro-performance, where flavour was orchestrated alongside music in real time, blending texture, aroma, and rhythm into a seamless sensory expression.

 

What set the experience apart was its interpretation of flavour beyond the palate — through a series of immersive spaces, each interpreting flavour through a distinct lens, from dynamic visual environments and aroma-led installations to tactile explorations and a curated tasting experience.

 

Envisioned as an evolving cultural platform, Blenders Pride Reserved Experiences will ow unfold in Jaipur and Kolkata, alongside 10+ activations in key markets — designed to build a deeper engagement and introduce consumers to a more immersive way of experiencing flavour.

 

Speaking on the experience, Chef Kunal Kapur said, “Flavour, in its truest form, is layered and evolving. With Reserved Experiences, we’ve interpreted flavour beyond the plate — bringing it to life through different forms, so people can engage with it in a far more immersive and unexpected way.”

 

Debasree Dasgupta, CMO, Pernod Ricard India, added, “Consumers today are seeking more intentional and elevated experiences, ones that go beyond functional and feel truly distinctive. With Blenders Pride Reserved Experiences, we are building a cultural platform that responds to this shift, translating the depth and complexity of flavour into immersive, multi-sensory expressions. It’s a natural extension of how our audiences want to engage today, where discovery is richer, engaging, and reserved in every sense.”

 

With Blenders Pride Reserved Experiences, the brand continues to build a distinctive cultural narrative, one that elevates flavour into a refined, multi-sensory exploration designed for a new generation of discerning consumers.

Business Wire India

Mindteck (India) Limited (BSE: 517344 and NSE: MINDTECK), the global engineering and technology solutions company with niche knowledge and expertise in the storage, medical device, semiconductor and analytical instrument industries, reported its audited financial results for the quarter and year ended March 31, 2026.

The company’s consolidated revenue for the quarter stood at Rs. 103.91 crore as against Rs. 100.46 crore for the previous quarter ended December 31, 2025, and Rs. 104.02 crore for the corresponding quarter ended March 31, 2025. Consolidated net profit for the quarter stood at Rs. 10.16 crore as against a profit of Rs. 5.05 crore for the previous quarter ended December 31, 2025, and Rs. 6.80 crore for the corresponding quarter ended March 31, 2025.

The Company’s consolidated revenue for the year ended March 31, 2026, stood at Rs. 407.30 crore, compared to Rs. 424.42 crore for the previous year ended March 31, 2025, representing a year-over-year (YoY) degrowth of 4.0%. The company reported a consolidated net profit of Rs. 31.52 crore for the year ended March 31, 2026, compared to a consolidated net profit of Rs. 28.68 crore for the previous year ended March 31, 2025, marking an increase of 9.9%.

The company’s standalone revenue for the quarter stood at Rs. 36.92 crore as against Rs. 38.43 crore for the previous quarter ended December 31, 2025, and Rs. 38.61 crore for the corresponding quarter ended March 31, 2025. Standalone net profit for the quarter stood at Rs. 5.19 crore as against a profit of Rs. 2.17 crore for the previous quarter ended December 31, 2025, and Rs. 7.26 crore for the corresponding quarter ended March 31, 2025.

The Company’s standalone Revenue for the year ended March 31, 2026, was Rs. 149.65 crore, as against Rs. 155.09 crore for the previous year ended March 31, 2025, representing a year-over-year (YoY) degrowth of 3.5%. Standalone Net profit for the year ended March 31, 2026, stood at Rs. 17.40 crore (Includes exceptional items of Rs. 5.30 crore-impact of new labour code) as compared to a profit of Rs. 18.82 crore for the previous year ended March 31, 2025, marking a decrease of 7.6%.

The Chairman of the Board, Mr. Javed Gaya, commented: “While the past year reflected a weaker revenue performance, we remained firmly focused on operational discipline, cost efficiency and product innovation. Our proactive measures enabled us to protect profitability and reinforce margins, underscoring the organization’s resilience and adaptability in a turbulent environment. We continue to stay focused on creating long-term value while navigating near-term challenges.”

Adding to this, Karim Dhanani, the CEO, said, “The decline in revenue is primarily attributed to the divestiture of low-margin business. Despite this, we delivered a 9.9% increase in consolidated net profit to Rs. 31.52 crore, demonstrating that our focus on higher-quality revenue and disciplined cost management is yielding tangible results. The momentum carried into Q4, where consolidated net profit reached Rs. 10.16 crore — our strongest quarter of the year. We remain confident that the strategic actions taken this year have built a stronger, more profitable foundation for sustained growth going forward.”

Celebrating the convergence of jewellery, fashion and global culture, Vandana M. Jagwani attended the 79th Cannes Film Festival in association with BMW, representing a shared vision of innovation, craftsmanship and progressive luxury on the global stage.

A creative entrepreneur shaping the evolving landscape of luxury jewellery and design-led ventures, Vandana M. Jagwani is the Founder and Partner of Vandals, India’s first designer lab-grown diamond jewellery brand, and the Creative Director of Mahesh Notandass, a legacy jewellery house celebrated for its fine craftsmanship and global presence. Known for her contemporary design perspective and commitment to innovation, Vandana’s presence at Cannes represents a powerful celebration of Indian jewellery design on one of the world’s most prestigious cultural platforms.

 

For her Cannes appearance, Vandana was styled by Shaleena Nathani and wore a holographic Ramikadi ensemble that brought together futuristic glamour with contemporary Indian fashion. In a thoughtful nod to conscious luxury and repurposing, the look was reimagined from an outfit she had previously worn for her brother’s wedding, reflecting a growing shift towards meaningful fashion and rewear culture within modern luxury. Complementing the ensemble was a striking high jewellery necklace centred around a rare 28-carat heart-shaped diamond, encircled by vivid emeralds and elevated through a medley of diamonds that created a dazzling statement finish.

 

Together, Vandana M. Jagwani and BMW came together at Cannes in a moment that celebrated artistry, ambition and the evolving language of global luxury across fashion, jewellery and design.

 

 

“For me, this moment is incredibly special not only because it represents Indian jewellery design on a global platform like Cannes, but also because it marks a personal milestone in my journey as a designer and entrepreneur. I’ve always believed that luxury today is about individuality, emotion and storytelling, and being able to bring that perspective to a platform as iconic as Cannes feels truly meaningful.”

 

Her appearance at the festival’s 79th edition marks a defining global moment for the designer and reinforces the growing international resonance of India’s creative voices across fashion, jewellery, culture and luxury.

Business Wire India

InterSystems, a creative data technology provider powering more than one billion health records globally, today announced that its electronic health record (EHR) solutions have been certified as Class IIa Medical Devices under Regulation (MDR) certification under Regulation (EU) 2017/745. This approval marks the first fully unified AI-native EHR to achieve MDR Class IIa certification in the European Union.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260519124986/en/

 

 

This certification demonstrates that InterSystems AI-native EHR meets stringent EU safety and quality standards. This key milestone has significant implications for how healthcare organizations can responsibly scale AI while building confidence among healthcare providers and regulators.

 

 

InterSystems has secured MDR certification for InterSystems IntelliCare™, a next-generation EHR architected with native artificial intelligence capabilities, and InterSystems TrakCare®, a unified healthcare information system used by leading healthcare systems globally. Built on TrakCare’s proven interoperability foundation, InterSystems IntelliCare differentiates itself by delivering AI capabilities that are fundamentally designed into the platform’s data layer, rather than bolted on as third-party applications.

 

 

“Healthcare organizations are rightfully demanding that AI be more than just an experimental add-on,” said Don Woodlock, President, InterSystems. “By securing the EU’s first MDR certification for an AI-native EHR, we are establishing a standard that AI should be at the core of all healthcare applications.”

 

 

By moving beyond fragmented AI add-ons, InterSystems IntelliCare provides organizations with simplified oversight for their own governance, and clinicians with tools designed to reduce workload and burnout. The platform delivers instant patient summaries, AI‑driven clinical documentation, full chat experiences and intelligent workflows that maintain a critical “human-in-the-loop” safeguard. Features such as ambient clinical orchestration automatically capture, structure and save clinical data in real-time and suggest clinical documentation and orders for clinician approval. InterSystems IntelliCare also seamlessly connects with existing health IT infrastructures, leveraging InterSystems deep history in integration and data management capabilities.

 

 

About InterSystems
InterSystems, a creative data technology provider, delivers a unified foundation for next-generation applications for healthcare, finance, manufacturing, and supply chain customers in more than 80 countries. Our data platforms solve interoperability, speed, and scalability problems for large organizations around the globe to unlock the power of data and allow people to perceive data in imaginative ways. Established in 1978, InterSystems is committed to excellence through its award-winning, 24×7 support for customers and partners around the world. Privately held and headquartered in Boston, Massachusetts, InterSystems has 38 offices in 28 countries worldwide. For more information, please visit InterSystems.com.

 

 

 

 

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