Archives May 2026

FurtherAI Appoints Tom Bradley to Lead UK and EU Expansion

Business Wire India

 

FurtherAI, the AI platform purpose-built for insurance, today announced the appointment of Tom Bradley to lead its UK and EU operations. This marks a significant step in FurtherAI’s international expansion, as the company moves to establish a local presence in one of the world’s most important insurance markets.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260518611218/en/

 

 

FurtherAI Appoints Tom Bradley to lead UK & EU expansion

FurtherAI Appoints Tom Bradley to lead UK & EU expansion

 

 

FurtherAI is already working with leading partners in the UK, and Tom’s appointment will allow the company to deepen those relationships, build a local team, and serve the rapidly growing demand from carriers, MGAs, and brokers across the Lloyd’s market and the wider region.

 

A market moving fast on AI

 

 

The Lloyd’s market and the broader UK and European insurance ecosystem are adopting AI at a pace few would have predicted even twelve months ago. From submission gateways to policy audits to claims, operators across the value chain are looking for AI that handles the realities of insurance work: messy broker submissions, slip variations, bespoke wordings, and the workflows that sit between core systems.

 

 

FurtherAI’s platform is already powering this shift across the US, working with carriers and MGAs including Accelerant, Upland, and Novacore. The company partners with 3 of the top 5 brokers and 4 of the top 10 carriers in the US market. With Tom on board, FurtherAI is positioned to bring that same depth to UK and EU operators.

 

 

About Tom Bradley

 

 

Tom joins FurtherAI from Azur Technology, where he led US commercial operations and helped MGAs and carriers navigate technology transformation. Earlier in his career, he supported the launch of multiple MGAs across the US and UK, building deep relationships across the global specialty insurance market. He is known in the program business community for his judgement and his track record of delivering for the operators he works with.

 

 

He now returns to London to build and lead FurtherAI’s expansion across the UK and EU.

 

 

A quote from Aman Gour, Co-founder and CEO of FurtherAI

 

 

“Tom has spent his career helping insurance businesses actually use technology to grow, and he knows this market on both sides of the Atlantic. There is no one I would rather have leading our UK and EU expansion. I have known him for over a year, and the timing of his move back to London was almost too good to be true.”

 

 

A quote from Tom Bradley

 

 

“The London Market and the broader UK/EU space is moving fast on AI, and in an increasingly global insurance landscape where carriers, MGAs, and brokers operate across the US and Europe, the timing is right and there is a real need for a sustainable solution. I am looking forward to bringing FurtherAI’s platform and reputation to these markets, while staying closely connected to the partnerships we have built in the US.

 

 

Aman and I have known each other for a while, and we quickly found we are kindred spirits, sharing a passion for this industry, its relationship-driven culture, and the complexity that makes P&C insurance unlike anything else. That connection made joining FurtherAI feel like a natural next step.

 

 

What drew me to FurtherAI is their exclusive focus on insurance, and a track record of genuine dedication to getting it right. The culture Aman and Sashank have built is one I want to be part of, and my focus will be on bringing that same partnership-first approach to carriers, MGAs, and brokers across the UK and Europe.”

 

 

About FurtherAI

 

 

FurtherAI is the AI platform for insurance. Backed by Andreessen Horowitz and Y Combinator, the company recently closed a $25M Series A and works with 25+ enterprise clients across carriers, MGAs, and brokers, including 3 of the top 5 brokers and 4 of the top 10 carriers. FurtherAI’s platform powers submissions processing, underwriting and policy audits, SOV mapping, claims processing, and guideline checking. The company is headquartered in San Francisco and is now expanding into the UK and EU.

 

 

For more information, visit [furtherai.com].

 

 

 

 

 

HistoSonics Receives Landmark TFDA Approval in Taiwan, Accelerating Global Expansion

Business Wire India

HistoSonics, the developer of the Edison® Histotripsy System and novel histotripsy therapy platform, today announced it has received approval from the Taiwan Food and Drug Administration (TFDA) for the Edison® System, representing a significant milestone in the company’s global expansion efforts and continued growth across Asia.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260518694013/en/

 

 

HistoSonics Edison® Histotripsy System

HistoSonics Edison® Histotripsy System

 

Taiwan is widely recognized as one of the most advanced and strategically important medical device markets in the region, known for its rigorous regulatory standards and highly innovative physician community. The TFDA approval process included a detailed review of the company’s clinical and regulatory submission package and concluded with unanimous agreement from committee members.

 

The approval further reinforces the growing clinical and regulatory momentum behind histotripsy, a non-invasive, non-thermal focused ultrasound technology designed to mechanically liquefy and destroy targeted tissue and tumors without the need for surgery or radiation.

 

 

“This approval is an important milestone for HistoSonics, and the advancement of histotripsy throughout Asia,” said Mike Blue, Chairman and CEO, HistoSonics. “Receiving TFDA approval underscores the strength of our clinical evidence, the rigor of our regulatory work, and the growing confidence in histotripsy as a transformative non-invasive therapy platform.”

 

 

HistoSonics has established a strong clinical presence in Taiwan through National Taiwan University Hospital (NTUH), the company’s first installation site in the country. While awaiting TFDA approval, physicians at NTUH treated patients under research protocols and achieved one of the fastest rates of clinical adoption for histotripsy globally.

 

 

“Our early clinical experience with histotripsy has been very encouraging, not only for liver tumors but also for exploring future applications in other difficult-to-treat diseases. Receiving TFDA approval is an important milestone for Taiwan and for Asia. We are excited to continue contributing to the clinical development and adoption of histotripsy in the region,” said Kai-Wen HUANG, Professor of surgical oncology at National Taiwan University Hospital.

 

 

Under research protocols, physicians at NTUH have already treated a broad range of tumor types using histotripsy, including liver tumors, kidney tumors, pancreatic tumors, and sarcoma cases. Their early clinical experience continues to expand the understanding of the potential applications of histotripsy therapy across multiple organ systems.

 

 

“We are incredibly encouraged by the pioneering work being conducted by the physicians at National Taiwan University Hospital,” said Blue. “Their clinical leadership and commitment to advancing patient care continue to demonstrate the broad potential of histotripsy therapy and its future applications.”

 

 

With TFDA approval secured, HistoSonics plans to expand collaborations with leading physicians and institutions throughout Taiwan and Asia, with a focus on generating high-quality clinical evidence, advancing additional indications through clinical research, and developing advanced physician training and education programs throughout the region.

 

 

Currently, the Edison System is indicated for the non-invasive destruction of liver tumors, including unresectable liver tumors, using histotripsy, a non-thermal, mechanical process of focused ultrasound. The system continues to be evaluated for additional applications in kidney, pancreas, prostate, and other anatomical locations.

 

 

About HistoSonics

 

 

HistoSonics is a privately held medical device company developing a non-invasive platform and proprietary sonic beam therapy utilizing the science of histotripsy, a novel mechanism of action that uses focused ultrasound to mechanically destroy and liquefy unwanted tissue and tumors. The company is currently focused on commercializing their Edison System in the US and select global markets for liver treatment while expanding histotripsy applications into other organs like kidney, pancreas, prostate, and others. HistoSonics has offices in Ann Arbor, MI, Minneapolis, MN and Madison, WI. For more information on the Edison Histotripsy System please visit: www.histosonics.com. For patient-related information please visit: www.myhistotripsy.com.

 

 

 

 

 

Samsung Launches One UI 9 Beta for Galaxy S26 Series Users

Seoul, orea  May 18 : Samsung Electronics Co., Ltd. today announced the One UI 9 beta program, launching this week beginning with the Galaxy S26 series. Built on the new Android 17, One UI 9 beta delivers expanded creative tools, customization options, a more accessible mobile experience and stronger protection against potential security threats.

The full experience of One UI 9 will be introduced with upcoming Galaxy flagship devices later this year, which will include advanced AI features that will make mobile interaction easy and effortless.

What’s New in One UI 9 Beta

One UI 9 beta introduces several updates across key areas of the mobile experience.

Samsung Notes gains creative new tools, including decorative tapes and a wider variety of pen line styles. Meanwhile, the Contacts app now offers direct access to Creative Studio for creating personalized profile cards without the need to switch between apps.

The updated Quick Panel gives users greater control over its layout. Brightness, sound and media player are each independently adjustable, with more size options to suit individual preferences.

Accessibility is significantly improved by an adjustable Mouse Key speed that enables smoother cursor control and a combined TalkBack package that brings together features previously offered separately by Google and Samsung. The new Text Spotlight feature  which displays selected text larger or more clearly in a floating window  has also been added to make reading easier.

One UI 9 also introduces enhanced protection against suspicious apps and potential threats: when new high-risk apps are detected, it now warns users, blocks execution and installation, and recommends deletion through security policy updates

Cannes Calling: Nagma Mirajkar Makes Her Grand Debut

Cannes Calling: Nagma Mirajkar Makes Her Grand Debut

Mumbai, India Digital creator and reality personality Nagma Mirajkar, widely known for her appearance on Bigg Boss, is set to make her Cannes Film Festival red carpet debut this year, marking a major milestone in her journey from digital influence to global fashion visibility.

Nagma has arrived in Cannes on 17th May 20269 (today), with her official red carpet appearance scheduled for 19th May 2026.

For her debut, she will be styled in a custom couture creation by internationally acclaimed designer Tasmim Zobaear, founder of TZ Studio, a Paris-based label known for its sculptural silhouettes, intricate craftsmanship, and fusion of South Asian heritage with modern French couture aesthetics.

Tasmim Zobaear is a designer who has built a strong presence in Paris, made his Paris Fashion Week debut in 2022 and has since been recognized for his evolving work within the global couture ecosystem. His design language is defined by architectural tailoring, feminine structure, and detailed embroidery, reflecting a seamless blend of heritage and contemporary luxury.

The collaboration between Nagma Mirajkar and TZ Studio at Cannes marks a cross-cultural fashion moment, bringing together digital-era influence and high couture craftsmanship on one of the world’s most prestigious red carpet platforms.

Zobaear’s recent showcases and Paris-based couture presence have positioned him as an emerging voice in international luxury fashion, further amplified through his bespoke red carpet creations for global events like Cannes.

This appearance signals a significant step in Nagma Mirajkar’s evolving journey as she transitions from digital entertainment and reality television into international fashion and red carpet storytelling.

“Cannes has always felt like a dream that belongs to cinema and couture. Stepping onto this red carpet is not just a moment of visibility for me, but a celebration of how far my journey has come from digital screens to a global stage. I’m incredibly excited to be wearing a creation that reflects both craftsmanship and emotion.” — Nagma Mirajkar

SEBI to Open Bhubaneswar Branch Office, Announces Chairman Tuhin Kanta Pandey

Bhubaneswar, May 18 (BNP): The Securities and Exchange Board of India will soon establish a branch office in Bhubaneswar, marking a significant step toward strengthening financial market regulation and investor outreach in eastern India. The announcement was made by SEBI Chairman Tuhin Kanta Pandey while addressing a regional investor awareness programme organized by the Association of Mutual Funds in India in the city.

SEBI to Open Bhubaneswar Branch Office, Announces Chairman Tuhin Kanta Pandey

Pandey said SEBI would initially begin operations from a smaller office in Bhubaneswar, with activities currently managed through Mumbai and Kolkata gradually shifting to the new centre. He added that plans are also underway to establish a permanent office in the state capital in the future.

Highlighting the growing relevance of alternative financing mechanisms, the SEBI Chairman encouraged Odisha to explore the use of municipal bonds to fund urban infrastructure and development projects. He noted that 22 urban local bodies across the country have issued 33 municipal bonds, mobilizing nearly Rs 4,500 crore for development activities. Municipal corporations in states such as Uttar Pradesh, Maharashtra and Madhya Pradesh have already benefited from the model, he said.

Pandey emphasized that Odisha, with its expanding urban landscape, should leverage municipal bonds to meet increasing financial requirements for infrastructure expansion. He also pointed out that the Central government offers grant-based incentives to encourage such bond issuances.

Speaking on the growth of India’s mutual fund industry, Pandey said the sector has expanded significantly from nearly Rs 12 lakh crore in 2015-16 to around Rs 82 lakh crore at present. Odisha’s contribution currently stands at about Rs 71,000 crore, accounting for less than one per cent of the national market.

Observing that Odisha contributes nearly three per cent to India’s economy, he said the state’s participation in the mutual fund ecosystem should also rise proportionately. At the same time, he noted that Odisha remains among the leading states in terms of monthly growth in Systematic Investment Plan (SIP) investments.

He further highlighted the rapid growth of India’s capital market over the past decade, stating that the country’s total market capitalization increased from Rs 95 lakh crore in 2015-16 to Rs 463 lakh crore in 2025-26. During the same period, the number of investors rose from 3.8 crore to 14.5 crore.

Pandey also said India recorded 366 Initial Public Offerings (IPOs) in 2025-26, through which companies raised nearly Rs 1.9 lakh crore, placing the country among global leaders in IPO activity.

Infobip Research Shows APAC Brands Leading in Channel Adoption, With 57% Using Agentic AI

Business Wire India

Global AI-first cloud communications platform Infobip’s 2026 Customer Experience (CX) Maturity Report reveals what separates brands that automate from brands that truly connect. The report shows that APAC brands are ahead in mobile-first engagement and AI-led automation, reflecting the region’s advanced messaging culture and high customer expectations.

 

Brands in India and Indonesia report 91% WhatsApp adoption, 60% in-app messaging usage, and 18% RCS adoption — 3x higher than other regions. Chatbot and agentic AI adoption are also the highest globally, underscoring how essential conversational experiences have become across the region. With the highest System Potential score of any region, enterprises in Indonesia and India have a clear opportunity to elevate CX maturity by better connecting customer data with the interactions already happening at scale.

 

With ever-increasing customer expectations, achieving CX maturity is the goal for major global brands. This hinges on how well brands can build experiences on mobile channels. There is a fundamental difference between a simple fraud alert on SMS and a two-way WhatsApp chat that allows customers to act immediately.

 

Globally, 96% of brands automate customer interactions in some way, but few are delivering a seamless experience. Only 58% of brands say their channels are fully in sync, and 60% have centralized storage of customer data. Looking closer, only 27% use an orchestration platform, and 50% of brands say their tools are fully API-ready. This means half of the brands struggle with connecting tools and data, and many do not use a unified platform to build truly seamless experiences.

 

This fragmentation is stifling AI adoption and optimization and prevents a seamless customer experience. While over half (53%) of brands use agentic AI in their customer journeys, growth is being held back by disconnected data and a lack of trust in the technology. Organizations cite user trust (71%), data privacy (64%), and tech stack integration (41%) as the primary barriers to deeper AI deployment.

 

CX Maturity looks at what brands are automating now, how they are doing it, and the potential that already exists in their tech stack to streamline AI adoption and scale growth.

 

Ante Pamuković, Chief Revenue Officer at Infobip, commented: “Our CX Maturity report highlights a turning point for global brands this year. The race to adopt agentic AI is well underway, but CX Maturity will be the key differentiator between brands prepared to launch effective AI-powered journeys that last and the ones that will struggle with scaling their adoption. To move from basic automated responses to deep, seamless customer journeys, brands must overcome the dual barriers of fragmented systems and user trust.”

 

Elka Popova, VP of Connected Work from Frost & Sullivan, commented on the state of play in the market: “Agentic AI has redefined the CX landscape with capacity to reason, plan, and implement across workflows. The challenge has now shifted from exploring the technology’s potential to implementing it, requiring enterprises to adapt their systems and build customer trust.”

 

For more information and to view the full findings, download the CX Maturity Report here.

 

Understanding CX Maturity:

 

Infobip has ranked three sectors’ CX Maturity for their ability to deliver outstanding customer experiences with precision and consistency, by measuring three variables out of 100:

 

1. Journey: which parts of the customer journey are automated with communication and mobile solutions.

2. Sophistication: what tech and AI are used for automation and what features are enabled for each use case.

3. System potential: measures the API-ready infrastructure organizations have in place – the communication solutions, channels, and capabilities already available that can be activated to improve customer journeys.

Visa and Jason Sudeikis Turn the Simplest Goal in Football Into the Biggest Fan Moments at the FIFA World Cup 2026™

Business Wire India

At the FIFA World Cup 2026™, everything can change in a split second. A quick pass. A simple finish. A tap in goal. This summer, Visa (NYSE: V), the Worldwide Payment Technology Partner of the FIFA World Cup 2026™, is turning those fleeting moments into something much bigger—launching Tap In, a bold new global campaign based on the belief that everything is a tap in with Visa.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260518011231/en/

 

 

Built around one of football’s most recognizable finishes, Tap In takes the simplest touch in the game and turns it into a powerful metaphor for how Visa works: fast, seamless, and effortless in the moments that matter most. At the FIFA World Cup™, that idea moves beyond storytelling, unlocking opportunity in communities and connecting fans directly to the action as it unfolds live.

 

 

When Players Tap In, Fans Do Too

 

 

At the heart of the campaign, Visa brings the passion of football to life across all three host countries—delivering exclusive promotions, unforgettable moments, and once-in-a-lifetime prizes to cardholders. When the ball hits the back of the net, the moment doesn’t stop at the stadium—it travels instantly to fans’ screens.

 

 

Visa cardholders across the United States and Canada can register to enter Tap In to Score1, a Visa exclusive promotion that can make every match and every tap in goal mean something more. Fans canstay connected throughout the tournament for a chance to win daily, knowing the next tap in goal on the pitch could unlock even more prizes. From FIFA World Cup™ match tickets and a potential trip to the Final, to signed memorabilia and limited-edition merchandise, Tap In to Score turns match moments into shared celebration and opportunity.

 

 

With a simple, repeatable cadence that mirrors the flow of the tournament, Tap In to Score is designed to keep fans engaged beyond kickoff—making participation easy, intuitive, and woven into the rhythm of every matchday.

 

 

In Mexico, eligible Visa cardholders can register to enter Pásala Para Ganar2—a promotion offering fans the chance to win tickets to a FIFA World Cup 2026™ match just by registering their eligible cards. Winners will be randomly selected and notified in early June.

 

 

Jason Sudeikis Leads a Global Roster Built for the Moment

 

 

To bring Tap In to life, Visa has assembled a lineup that blends humor, cultural credibility, and football greatness. The campaign launches with a high impact hero film that captures the unpredictability, energy, and joy of the FIFA World Cup™—showing how a single tap can ripple far beyond the pitch.

 

 

Award winning actor Jason Sudeikis anchors the campaign, journeying through the U.S., Mexico and Canada, using his Visa card to make every step of his FIFA World Cup 2026™ experience easier—illustrating how Visa removes friction and unlocks fandom in real life.

 

 

He is joined in the Tap In campaign by some of the most exciting and iconic figures in the tournament today, including Lamine Yamal, Erling Haaland, Christian Pulisic, Jorge Campos, and legendary announcer, Andrés Cantor.

 

 

Together, they celebrate a simple truth fans instantly recognize: the smallest touches can create the biggest moments.

 

 

“Football has this way of making even the smallest moment feel shared,” said Jason Sudeikis. “Tap In helps fans stay connected to that feeling—whether they’re on the pitch, in the stands, or at home.”

 

 

From Screens to Streets: Making the FIFA World Cup™ a Connected Experience

 

 

Tap In rolls out across broadcast, digital, social, creator partnerships, and live fan moments—meeting fans where football culture lives today. Tap In notifications, creator-led explainers, and immersive environments bring Tap In to life as an always-on FIFA World Cup™ experience.

 

 

Visa’s Tap In Studio activation at select stadiums and major host cities invites fans to step inside the campaign, blending football, art—from Visa’s first-ever global art collection—and culture, while unlocking an experience only Visa can deliver.

 

 

Tap In to Impact

 

 

Visa’s Tap In campaign is also taking the energy of the FIFA World Cup™ and turning it into economic impact that directly supports small businesses, creators and communities across host countries.

 

 

Through Tap In to Impact, Visa is committing $600,000 to three nonprofit partners across each host country: SCORE in the United States, Pro Mujer in Mexico, and Futurpreneur in Canada. These investments support the local business owners, mentors, and community-builders transforming a global tournament into lasting local impact, ensuring the excitement of the FIFA World Cup™ leaves a lasting legacy where it’s played.

 

 

Everything Is a Tap In With Visa

 

 

“Fans don’t just watch the FIFA World Cup™—they live it,” said Frank Cooper III, Chief Marketing Officer at Visa. “Tap In keeps them closer to every moment, turning the easiest goal in football into an invitation for fans everywhere to participate. One tap, and you’re in.”

 

 

To learn more about Visa’s Tap In to Score and how to register to enter for a chance to win match-triggered prizes, visit visa.com and follow Visa on social.

 

 

About Visa

 

 

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

 

 

1 NO PURCHASE NECESSARY. Must be current Visa cardholder as of May 1, 2026, 50 U.S./D.C., PR, or CAN, 18+/age of maj. Match Ticket winners responsible for travel & accommodations. For CAN res. Skill test req’d. Ends July 20, 2026. Rules/Elig: https://tevnt.com/VisaFWC26Promo

 

 

2 Rules/Elig: https://tevnt.com/VisaFWC26Promo/mx/

 

 

 

 

 

Imagicaaworld Entertainment Announces INR 100 Cr Gujarat Expansion

Mumbai,  May 18 : India’s largest amusement and water park operator has approved a strategic investment of up to ₹100 crore in Shanku’s Water Park, a leading leisure destination in Mehsana, Gujarat, near Ahmedabad. This investment marks a significant step in the company’s nationwide expansion strategy, strengthening its presence in high-growth regional markets and reinforcing its long-term vision of building a diversified, customer-centric leisure ecosystem across India. With strong connectivity to key catchment areas including Ahmedabad, Gandhinagar, Mehsana and surrounding regions, Shanku’s offers a compelling platform to enhance customer experiences, drive tourism-led growth, and expand access to organized family entertainment in Gujarat.

The Park is spread across 25+ acres with over 25 rides and attractions, Shanku’s is one of Gujarat’s largest and most established water parks, with strong access to Ahmedabad, Mehsana, Gandhinagar and surrounding catchments. The park has recently undergone extensive renovation and modernization, including advanced water filtration systems comparable to Imagicaa’s flagship Khopoli park.

The investment will be made through a mix of equity and debt, including capital for future expansion on adjoining surplus land. Imagicaaworld will also provide end-to-end Operations & Management services across park operations, guest experience, safety systems, F&B and revenue optimization, earning a management fee of 6%–10%, while leveraging its expertise to enhance performance and scale the destination further.

These developments mark Imagicaa’s strategic expansion beyond destination parks into scalable, high-margin formats. The company recently announced its Q4FY26 results where revenue from operations stood at ₹91.9 crore with a significant increase in footfalls by 5% year-on-year to 6.21 lakh visitors, while continuing to witness steady consumer demand across its existing parks.

Commenting on the development, Jai Malpani, Managing Director, Imagicaaworld Entertainment Limited, said,

 “This transaction represents an important milestone in Imagicaaworld’s growth strategy as we deepen our footprint in Gujarat, one of India’s fastest growing leisure and tourism markets. Gujarat has a strong consumer base, rising discretionary spending and significant long-term potential for organized entertainment destinations.

Shanku’s Water Park is a well-established destination with high-quality infrastructure, strong regional recall and significant growth potential. Strategically located within a one-hour radius of Ahmedabad and GIFT City, this asset sits at the crossroads of commercial growth and weekend tourism.

Through this partnership structure, we aim to leverage Imagicaaworld’s operational expertise and brand capabilities to further enhance guest experiences, drive footfalls and create long-term value for stakeholders.”

Chandikhol Set to Emerge as Strategic Crude Oil Storage Hub Under India-UAE Partnership

Bhubaneswar, May 18 (BNP): Odisha is poised to play a pivotal role in strengthening India’s energy security, with Chandikhol set to emerge as a major strategic crude oil storage hub under a significant India-UAE energy partnership formalized during Prime Minister Narendra Modi’s recent visit to the United Arab Emirates.

Chandikhol Set to Emerge as Strategic Crude Oil Storage Hub Under India-UAE Partnership

Representational image

Under the proposed initiative, Chandikhol will house a massive underground strategic petroleum reserve with a storage capacity of nearly 40 lakh metric tonnes of crude oil. Estimated at around Rs 8,743 crore, the project is expected to significantly enhance India’s emergency fuel preparedness and strengthen long-term energy resilience.

The agreement for the project was signed between the Indian Strategic Petroleum Reserves Limited and the Abu Dhabi National Oil Company during Prime Minister Modi’s visit, following discussions with UAE President Sheikh Mohamed bin Zayed Al Nahyan. The partnership is seen as a major step toward deepening bilateral cooperation in the energy sector and reinforcing India-UAE strategic ties.

Although the Union Cabinet had approved the project in 2018, implementation was delayed due to land acquisition-related challenges. With renewed focus and momentum, the project is now expected to move forward, positioning Odisha as an important pillar in India’s petroleum infrastructure network.

Experts believe the underground reserve will play a vital role during emergency or war-like situations by helping maintain fuel availability in the event of disruptions to global crude oil supplies. The facility is also expected to strengthen India’s strategic fuel reserves and improve preparedness against international supply uncertainties.

Once operational, the project is likely to boost industrial growth, infrastructure development and employment opportunities in Odisha, further reinforcing the state’s growing importance in India’s energy and industrial ecosystem.

Cushman & Wakefield India Wins Two Honours at the 2026 Asia Pacific Property Awards

Business Wire India

Cushman & Wakefield, one of the largest and fastest growing real estate services firms, has been recognised with two prestigious honours at the 2026 Asia Pacific Property Awards (APPA), reaffirming its leadership position in India’s commercial real estate sector.

 

The firm received recognition in the following categories:

  • Best Property Agency / Consultancy – India category – Award Winner
  • Best Real Estate Agency Marketing – India – Five Star Rating

Held annually, the Asia Pacific Property Awards recognize outstanding achievement across the property and real estate industry, celebrating companies that demonstrate excellence in innovation, service, and delivery. This marks Cushman & Wakefield India’s sixth overall and fifth consecutive win at APPA, underscoring the firm’s continued strength in advisory, client service and market positioning.

 

Speaking on the wins, Anshul Jain, Chief Executive – India, SEA, MEA and APAC Office & Retail, Cushman & Wakefield, said, “These recognitions reflect the continued strength of our integrated platform, the breadth of expertise we bring across service lines and asset classes, and the trust clients continue to place in us across markets.

 

India’s real estate sector continues to evolve rapidly across asset classes, driven by infrastructure growth, institutionalisation, changing occupier expectations, and increasing investor interest. As one of the world’s most dynamic real estate markets, it is creating demand for more strategic and insight-led partnerships that can support investment decisions, workplace transformation, capital deployment, and long-term value creation.

 

In this environment, the ability to bring together global expertise, market intelligence, integrated execution capabilities, and deep local understanding becomes increasingly important. These awards are also a reflection of the dedication, collaboration, and market-leading capabilities of our teams, who continue to deliver differentiated outcomes for clients every day.”

 

Awantika Mohanty, Head of Business Development Services India, Singapore & South-East Asia, Cushman & Wakefield, added, “This recognition reflects our commitment to putting clients at the centre of everything we do and to using marketing to stay top of mind with our clients while delivering meaningful insights that help unlock growth opportunities for both their business and ours.

 

At a time when data, insight and agility are reshaping the real estate landscape, our focus has been on helping clients make more informed decisions, unlock value and stay ahead in an ever-changing and often uncertain environment. This award is also a reflection of our team’s passion for innovation and our commitment to living the ‘Better never settles’ credo every day through creativity, collaboration and measurable impact.”

 

Established in 1993, the Asia Pacific Property Awards (APPA) is part of the global International Property Awards, which celebrate the highest levels of achievement by companies operating in all sectors of the property and real estate industry. The Awards are judged by an independent panel of over 80 industry experts who evaluate design, quality, service, innovation, originality, and commitment to sustainability.