Archives May 2026

technology

AI to Add 500B to India’s Economy by 2030: IBM–India AI Study

Neel Achary 0 Comment

Bengaluru,  May 14:  India is entering a defining phase in its economic transformation as artificial intelligence (AI) is set to move beyond experimentation to become a foundational force powering national growth, according to a new study by the IBM Institute for Business Value and IndiaAI. The research reveals that AI could contribute more than $500 billion to India’s economy by 2030, positioning the country among the world’s most dynamic AI-driven economies.AI to Add 500B to India’s Economy by 2030: IBM–IndiaAI Study

Titled ‘From promise to power: How AI is redefining India’s economic future’, the study underscores a powerful convergence of ambition and urgency: four in five business leaders believe AI investments will directly influence India’s GDP growth, while 73% expect India to emerge as a leading global AI nation by 2030.

Looking ahead, the research also reveals a critical inflection gap as 72% of surveyed organizations acknowledge they are behind global peers in AI adoption. Bridging this divide between ambition and execution will be pivotal in determining India’s leadership in the global AI economy.

Speaking at the report’s launch, Shri S Krishnan, Secretary – Ministry of Electronics & Information Technology (MeitY), Government of India said, “India is no longer just participating in the global AI conversation, we are helping shape it. Our vision is clear. AI must evolve as an extension of our people’s aspirations, driving inclusive growth and national progress. Guided by our vision of Viksit Bharat, we are advancing a human centric approach to AI rooted in trust, ethics, and national sovereignty. This joint IndiaAI and IBM study is a timely contribution that will help align policy, industry, and innovation to unlock AI’s full potential for India’s economic future.”

“AI has the potential to become one of the most powerful growth engines for India’s economy,” said Sandip Patel, Managing Director, IBM India & South Asia. “What will set India apart is not just the scale of adoption, but how organizations build trusted AI agents and systems on strong data foundations, hybrid architectures, and a workforce empowered to work alongside AI. With the right investments in skills, governance, and infrastructure, India can translate AI ambition into sustained economic impact,” he added.

India’s AI moment: Converging on a sovereign hybrid model For regulated sectors and public systems, a sovereign AI foundation is fast becoming a strategic necessity. 74% of surveyed executives say control over where data resides is essential, pointing to a growing convergence around sovereign, hybrid-by-design architecture. This does not imply isolation, rather when combined with open standards it enables organizations to access global innovation while retaining control over sensitive workloads. This model is emerging as the trust layer that will allow India to scale AI confidently and on its own terms. Organizations are increasingly adopting a hybrid approach to balance performance, cost, and control, with 7 in 10 surveyed executives saying it improves control over data location without significantly increasing costs.

Data and AI infrastructure will be key India may be racing toward an AI-powered future, but the data reveals a more complex story. 57% respondents cite uneven data quality and 77% lack of accessible, affordable, and secure cloud infrastructure are major barriers to AI readiness. Despite the excitement around advanced AI, the findings indicate that Indian enterprises’ ability to scale AI is shaped not by the sophistication of the models but by the readiness of enterprise data and infrastructure. These foundational technical choices emerge as a key factor in transforming AI from experiment into an operational engine that delivers enterprise-wide impact.

Building India’s AI talent pipeline at scale India has made significant progress in building an AI talent pool, but the study points to a growing skills gap. Today, only about 30% of employees possess the level of AI literacy businesses say they require. By 2030, respondents indicate that figure must rise to nearly 57%. This suggests the total AI talent needed in India will be more than 350 million by 2030. The findings highlight the pressure to rethink how India learns and works—through new education models, redesigned career pathways, and clearer guidance on which skills matter most in an AI-driven economy. Initiatives like IndiaAI FutureSkills are responding by embedding AI fluency into education and corporate training, with data and AI labs expanding across Tier 2 and Tier 3 cities, helping broaden access to AI skills development and to address this gap nationwide.

Other key findings from the study:

Enterprises are preparing to move from pilots to AI at scale 15% of surveyed organizations are currently scaling AI through significant cross-functional investments, while the remaining 85% are in pilot-stage AI initiatives.

Sovereign and hybrid cloud architectures are foundational to scaling trustworthy AI 62% of respondents say data localization strengthens trust, while 77% pointed out that Indian-based cloud capacity is critical for trustworthy AI.

67% of surveyed executives say AI innovation will be constrained without stronger domestic capability.

Focus on integrating robust AI governance and deeper ecosystem partnerships 68% of surveyed enterprises cite gaps in AI governance as a barrier to scaling, while 45% say they are piloting or have already embedded governance practices into everyday systems.

Partnerships are becoming more focused as 68% of surveyed executives say India needs an ecosystem-oriented approach to AI adoption. 68% of enterprises are already developing, optimizing, or scaling external AI partnerships To view the full study, visit: https://ibm.biz/india-economy Methodology

This report draws on multilayered research combining quantitative surveys, pulse-based sentiment tracking, expert insights, and secondary analysis to understand the state and trajectory of AI adoption in India. It surveyed 1,500 Indian executives across industries representing diverse organizational sizes and leadership roles, spanning CEOs, CTOs, CAIOs, CDOs, Chief strategy officer / head of strategy, and departmental heads managing cloud and AI strategies under union and state governments. A supplementary pulse survey of 405 Indian executives was conducted by the same agency to capture rapid shifts in sentiment around AI governance, operating model readiness, security practices, and ecosystem partnerships.

business

ASC26 Student Supercomputer Challenge FinalsSet to Begin: Five Highlights to Watch

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Business Wire India

From May 16 to 20, the 2026 ASC Student Supercomputer Challenge (ASC26) Grand Finals will be held at Wuxi University, bringing together 25 finalist teams selected from more than 300 participating universities worldwide. During the on-site competition, teams will independently design and deploy small-scale supercomputing clusters under a strict 5000W power constraint. They will complete a range of advanced computing challenges and deliver presentations showcasing their technical achievements and innovation, while competing for honors including the Championship and Runner-up titles, the Group Competition Award, the e Prize Challenge Award, Highest LINPACK Award, and the Best Presentation Award.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260513324119/en/

 

 

ASC26 Student Supercomputer Challenge Finals Schedule

ASC26 Student Supercomputer Challenge Finals Schedule

 

Elite Universities Compete at the Forefront of AI and Scientific Computing Excellence.

 

This year’s Final challenges are focused on the frontiers of science and technology, including artificial intelligence, space exploration, quantum computing, and climate modeling. The competition problems include LeWorldModel, the latest world model developed by the research team led by Yann LeCun, who is widely recognized as a pioneer of modern computer vision; AMSS-NCKU, a numerical relativity application derived from advanced research in general relativity; QiboTN, a quantum circuit simulation framework built on tensor network architecture; and UnifoLM-WMA-0, a challenge focused on optimizing world model inference acceleration.

 

 

When some of the world’s most creative university students confront highly complex scientific and engineering problems, the outcome of the competition becomes exceptionally difficult to predict. Will Tsinghua University, a multiple-time champion across the world’s top three supercomputing competitions, and Peking University, the two-time consecutive ASC champion, continue their dominance? Can defending champion Shanghai Jiao Tong University retain its title? Meanwhile, strong contenders including Zhejiang University, National Tsing Hua University, and Friedrich-Alexander University Erlangen-Nürnberg, together with first-time finalists such as Fudan University, The Hong Kong University of Science and Technology (Guangzhou), and Wuxi University, do add further anticipation and suspense to this high-stakes computational showdown.

 

 

Five Groups Compete in the Advanced Simulation of Digital Twin Earth.

 

 

The ASC26 Grand Finals will continue to feature the Group Competition, with its results contributing to the overall final score. The 25 finalist universities will be randomly assigned, through a drawing process, into five collaborative teams. Each group will jointly undertake the challenge of optimizing ICON, the climate modeling application recognized by the Gordon Bell Prize for its outstanding achievements in high-performance computing.

 

 

ICON is the world’s first fully integrated Earth system simulation to achieve ultra-high spatial resolution at 1.25 kilometers and is widely regarded as a prototype for a “Digital Twin Earth.” The application plays a critical role in global and regional climate modeling, numerical weather prediction, and future climate scenario forecasting.

 

 

From static visualization to dynamic simulation, the ICON model enables The Blue Marble (Earth system) to be realistically represented within the digital world. Through collaborative innovation, university students from around the globe are encouraged to explore breakthroughs in the long-standing technical tradeoff between ultra-high resolution and full system completeness in Earth system simulations.

 

 

Turing Award Laureate Leads an Open Showcase for In-Depth Technical Exchange.

 

 

This year’s ASC Grand Finals will further enhance its communication and presentation format through the introduction of the “Best Presentation Award” and by relocating the jury defense sessions to a fully open exhibition area.

 

 

All 25 finalist teams will present at their individual booths through posters and multimedia demonstrations, showcasing their cluster architectures, optimization strategies, and competition results to expert judges, participating institutions, and on-site audiences.

 

 

A panel of experts led by Jack Dongarra, Turing Award laureate and Emeritus Professor at the University of Tennessee, will engage in in-depth discussions with each team. This fully open interaction format is designed to foster academic exchange, while strengthening the international communication and collaboration skills essential for the finalists’ future participation in complex scientific and research endeavors.

 

 

From Competition to Career — On-Site Recruitment by Leading Enterprises.

 

 

The ASC26 Finals will collaborate with leading enterprises in the fields of supercomputing and artificial intelligence to organize on-site talent recruitment activities. All participating teams and visiting observers will have the opportunity to engage directly with leading companies, explore career pathways, and potentially secure employment opportunities, enabling a meaningful transition from academic competition to real-world industrial engagements.

 

 

5000W Power Limit Pushes the Frontiers of Hardware–Software Co-Optimization

 

 

To encourage students to gain hands-on experience in real-world cluster construction and optimization practices used in production and research environments, and also addressing the growing power consumption challenges of modern computing platforms, this year’s ASC Grand Finals increases the total cluster power limit to 5000W, while requiring configurations consisting of at least three cluster nodes, with a maximum power limit of 2000W per node.

 

 

This expanded power framework provides teams with greater flexibility in system architecture design. How each team balances computational performance and energy efficiency through hardware–software co-optimization, and the level of performance breakthroughs they ultimately achieve, will represent one of the major technical highlights of the competition.

 

 

About ASC:

 

 

The ASC Student Supercomputer Challenge serves as an international platform for technical exchange and the development of the next generation of supercomputing talent with broad support from leading experts and institutions across Asia, Europe, and the United States. Through a rigorous, hands-on competitive format, ASC aims to advance academic excellence and practical skills in supercomputing application development and research, positioning high-performance computing as a catalyst for scientific discovery, technological progress, and industrial innovation. Now in its 13th edition, the ASC Student Supercomputer Challenge has engaged tens of thousands of university students from six continents, establishing itself as the world’s largest student supercomputing competition. Learn more about this exciting competition on the official website: http://www.asc-events.net/StudentChallenge/index.html

 

 

 

 

 

business

Toshiba Starts Sample Shipments of New SmartMCD™ Series IC with Built-in MOSFETs for Motor Drive

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Business Wire India

Toshiba Electronic Devices & Storage Corporation (“Toshiba”) has started to ship engineering samples of “TB9M040FTG,” a motor control device with built-in power MOSFETs for three-phase brushless DC motor drives. The latest addition to Toshiba‘s “SmartMCD™”[1] series of motor control devices that integrates a microcontroller (MCU) and a motor driver, TB9M040FTG can directly drive three-phase brushless DC motors and is suitable for controlling small motors used in automotive equipment.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260513230802/en/

 

 

Toshiba: TB9M040FTG, the new product in the Smart Motor Control Driver SmartMCD™ series.

Toshiba: TB9M040FTG, the new product in the Smart Motor Control Driver SmartMCD™ series.

 

Electrification of the moving parts of vehicles continues to advance, and demand is increasing for small three‑phase brushless DC motors for use in applications such as electric valves, dampers and flaps in heating, ventilation, and air conditioning (HVAC) systems, and in grille shutters[2]. This is also stimulating demand for devices with fewer components and downsized electronic control units (ECUs), and for field oriented control (FOC)[3] support functions and sensorless control that secure more advanced motor control and reduce CPU loads.

 

TB9M040FTG integrates an MCU (Arm® Cortex®‑M23 core), flash memory, a motor driver capable of directly driving three‑phase brushless DC motors, a high‑side driver that can be used for power supply purposes, a local interconnect network (LIN)[4] transceiver, and a power supply system that can operate at the automotive battery level, all housed in a small VQFN36 package (6×6mm (typ.)). It also incorporates a Vector Engine (VE) integrating Toshiba’s proprietary hardware, which helps to reduce CPU loads in FOC‑controlled motor applications and contributes to smaller software programs.

 

 

It also features a back electromotive force (BEMF[5]) detection function, enabling sensorless square-wave control.

 

 

In combination, these features enable the downsizing of automotive equipment and reduced component counts, while realizing advanced and complex motor control; TB9M040FTG can support a wide range of small automotive motor applications, and LIN communication with the ECU realizes control of small motors within automotive systems.

 

 

Toshiba will continue to expand the lineup of its SmartMCD™ series equipped with the functions required for motor drives in automotive systems and to contribute to automotive system downsizing and lower component counts.

 

 

Notes:

[1] SmartMCD™: A series of automotive motor control drivers (MCDs) developed by Toshiba Electronic Devices & Storage Corporation that integrate a motor driver and a microcontroller into a single device.

[2] Grille shutter: A shutter mechanism installed behind the vehicle’s front grille that automatically opens and closes according to driving conditions.

[3] Field oriented control (FOC): A typical method of vector control (a control method that independently controls motor torque and magnetic flux as orthogonal components) that uses the motor’s rotating reference frame (dq coordinate system) to independently control the magnetic flux component (d-axis) and the torque component (q-axis).

[4] Local interconnect network (LIN): One of the serial communication protocols primarily used for communication between electronic control units (ECUs) in vehicles.

[5] Back electromotive force (BEMF): A voltage induced in the motor windings as the motor rotates, generated when the rotor’s magnetic field cuts through the windings, and acting in the direction opposite to the applied voltage.

 

Applications

 

Automotive equipment

 

 

  • Small brushless DC motor applications such as electric valves, HVAC dampers, flaps, and grille shutters

 

 

Features

 

  • Integrates a motor driver for three‑phase brushless DC motors, enabling direct drive of three‑phase brushless DC motors (with built‑in motor‑drive MOSFETs)
  • 32-bit MCU (Arm® Cortex®-M23), operating frequency: 40MHz (built-in low-speed and high-speed oscillators)
  • Built-in memory with ECC (SEC/DED[6])
    Code Flash: 80KBytes, SRAM: 4KBytes
  • Built-in vector engine (VE) for FOC control and programmable motor driver (PMD)[7]
  • Built-in 1-shunt resistor current sense amplifier[8], and 12-bit A/D converter
  • One‑channel high‑side driver capable of supplying power to devices such as Hall‑effect sensor ICs
  • Communication interfaces: LIN, UART (shared with LIN), and SPI
  • Compliant with AEC‑Q100[9] Grade 0
  • Compliant with ASIL‑B[10]

 

 

Notes:

[6] Built-in ECC (Error Correction Code) function supports 1-bit error correction (SEC) and 2-bit error detection (DED).

[7] Programmable motor driver (PMD): A hardware module designed for motor-control that performs PWM (Pulse Width Modulation) generation, current conduction control, and fault detection in hardware, thereby reducing the processing load required for motor-control.

[8] 1-shunt resistor current sense amplifier: The motor current is indirectly estimated using a current-sensing shunt resistor and a current-sense amplifier.

[9] AEC-Q100: An automotive electronics qualification standard established by the Automotive Electronics Council, covering the reliability and quality of automotive electronic components, particularly integrated circuits (ICs).

[10] ASIL (Automotive Safety Integrity Level): An index indicating the automotive functional safety level based on the ISO 26262 functional safety standard. ASIL‑B represents a medium safety requirement level that is higher than ASIL‑A and is applied when functional failures may have a certain level of impact on human life or vehicles.

Main Specifications

 

Part number

TB9M040FTG

Motor driver

Three‑phase brushless DC motor, 1‑channel drive (up to 2A)

Main functions

Motor control driver: shunt resistor and current‑sense amplifier

 

Hardware for FOC control / square wave control (VE, PMD, ENC[11])

 

High‑side driver (HSD): One channel (Vcc output) (power supply for devices such as Hall‑effect sensor ICs (5V (max), 40mA), ON/OFF control supported)

 

LIN physical layer: One channel (responder only)

Communication interfaces

LIN, UART (shared with LIN), SPI

Main error detections

Undervoltage detection (Vcc (generated 5 V))

 

Overvoltage detection (Vdd (generated 1.5 V))

 

Overcurrent detection (motor current, high‑side driver)

 

VCP (charge pump voltage) detection (overvoltage/undervoltage)

 

VDS (drain‑source voltage of built‑in MOSFETs) detection (high‑side/low‑side)

 

Thermal shutdown, etc.

Absolute maximum ratings

Power supply voltage Vbat (V)

-0.3 to +40

Operating ranges

Power supply voltage Vbat (V)

6 to 18

Operating temperature　Topr (°C)

Ta=-40 to +150

Tj=-40 to +175

Package

Name

P-VQFN36-0606-0.50-004

Size (mm)

typ.

6.0×6.0

Reliability

Compliant with AEC-Q100 Grade 0

 

Compliant with ASIL-B
       

 

Note:

[11] Encoder input circuit (ENC): A circuit that receives signals from an encoder to detect the motor’s operating status, including position, speed, and direction of rotation.

Follow the link below for more on the new product.
TB9M040FTG

 

Follow the link below for more on Toshiba’s automotive motor drivers.
Analog Devices

 

 

* Arm and Cortex are registered trademarks of Arm Limited (or its subsidiaries) in the US and/or elsewhere.
* SmartMCD™ is a trademark of Toshiba Electronic Devices & Storage Corporation.
* Other company names, product names, and service names may be trademarks of their respective companies.
* This sample is for functional evaluation only. Specifications may differ from those of mass-production products.
* Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice.

 

 

About Toshiba Electronic Devices & Storage Corporation

 

 

Toshiba Electronic Devices & Storage Corporation, a leading supplier of advanced semiconductor and storage solutions, draws on over half a century of experience and innovation to offer customers and business partners outstanding discrete semiconductors, system LSIs and HDD products.

 

 

Its 17,400 employees around the world share a determination to maximize product value, and to promote close collaboration with customers in the co-creation of value and new markets. The company looks forward to building and to contributing to a better future for people everywhere.

 

 

Find out more at https://toshiba.semicon-storage.com/ap-en/top.html

 

 

 

 

 

business

CREDAI Shifts NATCON 2026 from Amsterdam to India in Line with Hon’ble Prime Minister’s Appeal

Neel Achary 0 Comment

 

In Line with Hon’ble Prime Minister’s Appeal, CREDAI Shifts NATCON 2026 from Amsterdam to India

Move reflects the real estate sector’s commitment to national priorities, economic self-reliance, and contributing to India’s economic resilience

New Delhi, May 14: In a strong endorsement of Hon’ble Prime Minister Shri Narendra Modi’s recent appeal to prioritise national interest amid the evolving geopolitical situation in West Asia — including reducing non-essential foreign travel, conserving fuel and foreign exchange, and promoting domestic spending — the Confederation of Real Estate Developers’ Associations of India (CREDAI) has decided to shift the 23rd edition of its flagship convention, NATCON 2026, from Amsterdam to India.

The decision has been taken in the spirit of national solidarity and in alignment with the larger sentiment of standing firmly with the nation and the vision articulated by Hon’ble Prime Minister. At a time when India is moving forward with confidence, self-belief, and a renewed spirit of national pride, CREDAI believes that institutions representing key sectors of the economy must also reflect the same commitment towards the country and its priorities.

CREDAI will shortly identify and announce the Indian host destination for NATCON 2026 along with revised programme details. The decision reflects CREDAI’s commitment to the Hon’ble Prime Minister’s vision of placing “Nation First” and supporting India’s economic resilience during a period of global uncertainty. By hosting the country’s largest real estate sector’s convention in India, CREDAI aims to ensure that the economic and tourism benefits associated with an event of this scale directly contribute to the domestic economy, hospitality sector, local businesses, and allied industries.

CREDAI NATCON witnesses’ participation from over 1,000 leading developers, investors, policymakers, architects, consultants, and industry stakeholders from across the country. Traditionally hosted at an international destination every year, NATCON serves as CREDAI’s flagship annual platform for dialogue on real estate, urban infrastructure, construction technologies, sustainable development, smart cities, and India’s evolving growth story.

This year, however, CREDAI has chosen to align the event with the broader national sentiment and the Hon’ble Prime Minister’s call to strengthen domestic economic activity and encourage spending within the country. The move is also expected to boost domestic tourism, create opportunities for Indian hospitality and event industries, and showcase India’s rapidly evolving infrastructure and urban development capabilities on a national platform.

Commenting on the decision, Mr. Shekhar Patel, President, CREDAI, said, “At a time when the Hon’ble Prime Minister has called upon citizens and industries to act responsibly and prioritise national interest amid the evolving geopolitical situation, CREDAI believes it is important for the real estate sector, as one of the country’s largest employment-generating industries, to align with this vision and demonstrate collective responsibility during this important time for the nation. While preparations for NATCON had been underway for over six months and the industry was fully prepared to travel to Amsterdam this August, CREDAI felt it was important to take cognisance of the Hon’ble Prime Minister’s appeal and the prevailing national sentiment. By deciding to host NATCON in India this year, we are supporting domestic economic activity while also reinforcing our commitment to the nation’s growth and economic resilience.

He further added, “The industry is currently navigating significant challenges, including rising construction costs driven by escalating prices of cement, steel, and other critical raw materials, along with persistent labour shortages impacting project execution across markets. In this environment, it becomes even more important for all sectors to collectively contribute towards strengthening the domestic economy in line with the Hon’ble Prime Minister’s appeal.”

As an industry deeply linked to employment generation, infrastructure development, and economic growth, CREDAI remains committed to contributing meaningfully towards India’s long-term development and self-reliance goals.

 

 

 

 

business

IKS Health Announces Acquisition of ARAI Solutions, an AI Management and Technology Company

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Business Wire India

IKS Health, a global leader in care enablement solutions supporting clinicians, staff, and patients at every step of the care journey, is proud to announce the acquisition of ARAI Solutions, a pioneering, innovation-driven provider in the field of artificial intelligence. With ARAI Solutions, IKS Health is accelerating the development of a full agentic AI technology stack with capabilities to create its own more efficient small language model.

 

IKS Health currently possesses a powerful four-layer healthcare AI stack with EMR integration, platform orchestration, trust/compliance, and AI applications. ARAI’s ontology adds a critical knowledge layer, making IKS Health the only full-stack player with proprietary domain intelligence at every level.

 

ARAI’s interconnected biomedical knowledge graphs, based on peer-reviewed research, feed a central reasoning engine, directly mappable to IKS Health platform outputs. Through a large language model grounding layer, several areas will see accelerated platform development and reduced dependency on third-party AI infrastructure including:

 

  • Autonomous coding

  • Clinical decisions

  • Denial prevention

  • Prior authorization reasoning

  • Precision medicine

 

“ARAI’s clinical knowledge infrastructure makes IKS Health AI operational models even more economical, reliable, auditable, and capable of reasoning,” said Sachin K. Gupta, Founder and Global CEO of IKS Health. “Uniting ARAI with IKS Health adds a valuable and complementary layer to our platform as we scale our powerful AI-driven and human-in-the-loop approach with evolving clinical and regulatory guidelines.”

 

By integrating its own clinical reasoning and medical ontologies, IKS Health strengthens its competitive edge and accelerates growth while delivering reliable, explainable results for regulators and healthcare organizations that foundation models cannot provide.

 

“It’s clear that IKS Health is poised to disrupt the health tech industry by creating AI-driven systems of action that have exponential value,” said Dr. Roland Haas, co-founder and CEO of ARAI. “ARAI is pleased to join forces with IKS Health as they extend into next-generation clinical and operational AI models.”

 

As clinical and regulatory knowledge evolves, research-backed methodologies combined with AI are shaping the future of healthcare. ARAI’s explainable AI approach converts black box AI into glass box AI and allows for predictions that are transparent, explainable, and traceable.

 

“For decades we’ve constantly pushed the frontiers of innovation and set new AI industry benchmarks,” said Dr. Asoke Talukder, co-founder and CAIO of ARAI. “By using ARAI’s framework to fill the critical AI infrastructure knowledge layer, IKS Health will be the only full-stack player with proprietary domain intelligence at every tier.”

business

Inventurus Knowledge Solutions (IKS Health) Reports Robust FY26 Financial Results with 20% Revenue Growth and 48% Surge in Profit After Tax

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Business Wire India

Inventurus Knowledge Solutions Limited (NSE: IKS), a leading technology-enabled healthcare solutions provider and care enablement platform for the US Healthcare industry, today announced its robust financial results for the fiscal year and quarter ended March 31, 2026. The company, widely recognized as IKS Health, reported an exceptional performance, driven by a 20% year-on-year (YoY) revenue growth and a significant 48% surge in Profit After Tax (PAT) for the full financial year 2026.

 

Key Financial Highlights: FY 2026

  • Revenue at Rs 31,938 million (20% YoY)

  • PAT at Rs 7,216 million (48% YoY)

  • EBITDA at Rs 10,913 million (38% YoY)

  • Adjusted PAT at Rs 8,087 million (47% YoY)

 

Consolidated Financial Highlights for the Financial Year 2025-26

 

FY2026

 (INR mn)

FY2025

(INR mn)

  FY26 Growth

Revenue

31,938

26,640

19.9%

PAT

7,216

4,861

48.4%

EBITDA

10,913

7,911

38.0%

Adjusted PAT

8,087

5,504

46.9%

 

Key Financial Highlights: Q4 FY26

  • Revenue growth in Q4 18% YoY in INR, 13% YoY in USD

  • PAT up 39% growth YoY; 12% QoQ

  • Q4 EBITDA up 33% YoY; 6.6% QoQ

  •  Adjusted PAT up 38% YoY; 5% QoQ

 

Consolidated Financial Highlights for the Quarter ended March 31, 2026:

 

Q4 FY 2026

(INR mn)

Q3 FY 2026

(INR mn)

Q4 FY 2025

(INR mn)

Growth

Revenue

 8,577

8,150

7,240

18.5% YoY

PAT

2,060

1,833

1,478

39.4% YoY

EBITDA

3,002

2,816

2,262

32.7% YoY

Adjusted PAT

2,269

2,154

1,646

 37.9% YoY

 

“Our performance this fiscal year underscores the deep value we bring to clinician enterprises as they navigate an increasingly complex US healthcare landscape. Ending the year with a strong 20% YoY revenue growth in FY 2026 is a testament to the scalability of our care enablement platform,” said Sachin K. Gupta, Founder & CEO, IKS Health. “Our ‘AI + Human’ model is now the industry standard for sustainable growth, as proven by our expanding partnerships with top-tier health systems. By deploying autonomous engines and agentic AI like MyCareHub™, we are providing the clinical and financial intelligence needed to transform care delivery. We enter FY27 with the financial strength to accelerate this AI-driven momentum.”

 

Nithya Balasubramanian, CFO, IKS Health, said, “Our fiscal year concluded with exceptional operational discipline, reflected in our 38% YoY EBITDA growth and significant margin expansion. The 48% rise in PAT for the year demonstrates our ability to scale efficiently and deliver profitable growth through a resilient business model which leverages the latest technology and global delivery. With a strong balance sheet and robust cash flow generation, we are well-positioned to continue investing in our technology platform to drive long-term, sustainable value for our shareholders.”

 

Business Highlights:

  • AI Portfolio Expansion: Aquihired ThinkDTM, an AI-native digital services firm, integrating a specialized team of experts to accelerate the development of patient access solutions.

  • Next-Gen Product Launches: Introduced two major Epic-integrated solutions available on the Epic Connection Hub:

    • Autonomous RCM Coding Engine: An AI-driven solution achieving 95% accuracy, reducing denials through a blend of autonomous assignment and expert review.

    • MyCareHub™: An agentic AI “self-orchestrating” platform that uses multi-agent algorithms to automate and personalize patient engagement.

  • Strategic AI Partnerships: Formed a collaboration with Certilytics to unify payer rules and provider workflows using agentic AI and human oversight.

  • Market Expansion & Client Wins:

    • Secured a multi-year, full-platform partnership with Holyoke Medical Center to drive financial stability through AI-led clinical and administrative solutions.

    • Expanded the platform relationship with Mission Community Hospital to include development of advanced AI capabilities within the hospital environment to improve operational efficiencies.

  • Expanded a major Revenue Cycle (RCM) and Value-Based Care (VBC) partnership with a Top 5 U.S. Health System, extending services into new regions and states.

 

Industry Recognition & Awards

  • Recognition: ET Edge Best Organisations for Women 2026

  • FE AICONIC Award: Best Use of AI in Healthcare & Lifesciences – for the IKS Health Virtual Care Assistant Solution

 

Safe Harbour

Certain statements in this release concerning our future growth prospects may be seen as forward-looking statements, which involve a number of risks and uncertainties that could cause the actuals to differ materially from such statements. It is not possible to undertake to update any such statement that may have been made from time to time.

business

NIPPON KINZOKU Strengthens Promotion of “L-Core” as an Eco-Product: Functional Stainless Steel Achieving High Conductivity via Surface Modification

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Business Wire India

NIPPON KINZOKU CO., LTD. (TOKYO: 5491) (Headquarters: Minato-ku, Tokyo) is proud to announce the strengthened promotion of “L-Core,” a functional stainless steel that utilizes proprietary surface modification technology to achieve extremely low contact resistance while maintaining the inherent corrosion resistance of stainless steel. We have repositioned L-Core as a strategic “Eco-Product” to support sustainable manufacturing.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260513728897/en/

 

 

While conventional stainless steel excels in corrosion resistance due to its "passive film," this same film typically acts as an electrical insulator. Consequently, components requiring conductivity have traditionally relied on high-cost nickel (Ni) plating or conductive tapes. L-Core solves this challenge by making the passive film itself conductive. This breakthrough ensures high conductivity in the material alone, streamlining the manufacturing process and achieving significant cost reductions alongside a lower environmental footprint.

While conventional stainless steel excels in corrosion resistance due to its “passive film,” this same film typically acts as an electrical insulator. Consequently, components requiring conductivity have traditionally relied on high-cost nickel (Ni) plating or conductive tapes. L-Core solves this challenge by making the passive film itself conductive. This breakthrough ensures high conductivity in the material alone, streamlining the manufacturing process and achieving significant cost reductions alongside a lower environmental footprint.

 

By integrating high-performance characteristics directly into the base material, we enable customers to skip redundant processing steps and improve material yields. This approach not only streamlines manufacturing but also reduces the environmental footprint across the entire supply chain, driving progress toward a carbon-neutral society.

 

1. Technical Features: Formation of “Carrier Doping” (Conductive Pathways)

 

 

Using proprietary surface treatment technology, we form “carrier-doped” regions within the passive film that function as pathways for electricity.

 

 

  • Balancing Conductivity and Corrosion Resistance: The film is modified without being destroyed, preserving the excellent corrosion resistance inherent to stainless steel.
  • Eliminating Post-Processing: Since the material itself offers low resistance, it can be used for conductive components without additional steps like plating.

 

 

2. Performance Data: Superior Contact Resistance and Long-term Stability

 

L-Core demonstrates low contact resistance comparable to semi-bright Ni plating and maintains this performance even under harsh conditions.

 

 

  • Low Contact Resistance: Delivers significantly lower resistance compared to conventional stainless steel (SUS304 BA).
  • High Reliability: Almost no performance degradation was observed even after 2,700 hours in a high-temperature, high-humidity environment (60°C, 95% RH).

 

 

3. Key Benefits for Customers: Cost Reduction and Quality Improvement

 

It offers advantages in both cost and quality compared to nickel-plated stainless steel.
https://www.nipponkinzoku.co.jp/assets/images/2026/05/Characteristic-comparison-with-Ni-plating.png

 

 

4. Product Specifications & Production Capabilities

 

 

  • Applicable Steel Grades: All austenitic series (e.g., SUS301, SUS304, etc.)
  • Thickness: 0.05 mm – 0.30 mm
  • Width: Up to 200 mm
  • Finishes: Compatible with all finishes except for TA (Tension Annealing)

 

 

5. Application Examples

 

  • Smartphone chassis
  • Flexible Printed Circuits (FPC)
  • Display bezels (LCD, etc.)
  • Electrical connectors

 

 

Click here for more details.
https://www.nipponkinzoku.co.jp/assets/images/2026/05/20260513-En-Press-Release.pdf

 

About NIPPON KINZOKU Group

 

 

Our products have been used in a range of areas from the precision field to the construction industry. https://www.nipponkinzoku.co.jp/en/

 

 

 

 

 

business

Adtran expands SDG 8700 Series to deliver Wi-Fi 7 at scale

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Business Wire India

News summary:

  • Service providers are replacing aging in-home Wi-Fi equipment as expectations rise and competitive pressure accelerates next-generation Wi-Fi adoption
  • SDG 8700 Series now supports Wi-Fi 7 across the full range of mass-market residential to premium SMB service offerings
  • Expanded portfolio delivers scalable, high-quality Wi-Fi 7 experiences while maintaining operational consistency and regulatory readiness

Adtran today announced an expansion of its SDG 8700 Series, extending Wi-Fi 7 across a broader range of residential service tiers and deployment models. The expanded portfolio introduces new 2.5Gbit/s and 10Gbit/s Wi-Fi 7 platforms designed to support the full spectrum of multigigabit services – from entry-level offerings to premium tiers – across residential, SMB, MDU and community Wi-Fi deployments. As service providers enter a new access refresh cycle, Wi-Fi 7 is rapidly becoming a baseline requirement rather than a premium differentiator. Adtran’s expanded SDG 8700 portfolio enables providers to deploy next-generation Wi-Fi more broadly and consistently without compromising subscriber experience or changing operational models. The launch also builds on the FCC’s recent conditional approval of Adtran’s SDG portfolio, supporting continued broadband rollout momentum.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260513003660/en/

 

 

Adtran’s new SDG 8700 devices will help service providers deliver Wi-Fi 7 at scale.

Adtran’s new SDG 8700 devices will help service providers deliver Wi-Fi 7 at scale.

 

“Service providers are telling us the decision to adopt Wi-Fi 7 has already been made. The real challenge is deploying it widely and consistently,” said Christoph Glingener, CTO of Adtran. “Competitive pressure is accelerating Wi-Fi 7 standardization, and providers want to deliver high-quality experiences to their full subscriber base, not just premium tiers. Our SDG 8700 Series delivers Wi-Fi 7 at scale, offering a clean path from legacy gateway refresh to next-generation in-home experiences while maintaining consistency across provisioning, management and support.”

 

Adtran’s expanded SDG 8700 Series includes its third-generation dual-band and tri-band Wi-Fi 7 gateways. The new devices support 2.5GbE and 10GbE connectivity options, along with optional voice configurations. Built on Adtran’s SmartOS platform, the gateways operate within a unified software environment shared across the SDG portfolio, simplifying upgrades, testing and operational support. Native support for Intellifi®, TR-369 and Plume gives service providers the flexibility to align with their preferred subscriber experience platforms while maintaining consistent operations, simplified lifecycle management and long-term platform continuity across residential networks.

 

 

“In-home connectivity is undeniably where broadband experience is being defined, which means platforms must evolve cleanly across technology generations and deployment scenarios,” commented Eric Presworsky, GM of subscriber solutions at Adtran. “Our SDG 8700 Series expansion reflects a wider portfolio strategy centered on scalable, open platforms, software continuity, operational flexibility and consistency. By enabling Wi-Fi 7 standardization across service tiers today, we’re helping providers modernize at their own pace while building a strong, stable foundation for future broadband innovation.”

 

 

About Adtran

 

 

ADTRAN Holdings, Inc. (NASDAQ: ADTN and FSE: QH9) is the parent company of Adtran, Inc., a leading global provider of open, disaggregated networking and communications solutions that enable voice, data, video and internet communications across any network infrastructure. From the cloud edge to the subscriber edge, Adtran empowers communications service providers around the world to manage and scale services that connect people, places and things. Adtran solutions are used by service providers, private enterprises, government organizations and millions of individual users worldwide. ADTRAN Holdings, Inc. is also the majority shareholder of Adtran Networks SE, formerly ADVA Optical Networking SE. Find more at Adtran, LinkedIn and X.

 

 

Published by 
ADTRAN Holdings, Inc. 
www.adtran.com

 

 

 

 

 

business

The LYCRA Company Launches LYCRA® ADAPTIV fiber for Nonwovens, Advancing Comfort and Fit in Disposable Hygiene at INDEX™ 26

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Business Wire India

 

The LYCRA Company, a leader in innovative and sustainable fibers for apparel and personal care, today announced the official global launch of LYCRA® ADAPTIV fiber for nonwovens at INDEX™ 26, in Geneva, Switzerland, May 19–22.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260514856391/en/

 

 

At INDEX™ 26 in Geneva, The LYCRA Company debuts LYCRA® ADAPTIV fiber for nonwovens, a next-generation stretch solution that delivers enhanced comfort, a secure fit, and helps enable inclusive sizing for baby diapers, adult incontinence, and feminine care products.

At INDEX™ 26 in Geneva, The LYCRA Company debuts LYCRA® ADAPTIV fiber for nonwovens, a next-generation stretch solution that delivers enhanced comfort, a secure fit, and helps enable inclusive sizing for baby diapers, adult incontinence, and feminine care products.

 

 

This breakthrough stretch fiber, already trusted by leading global apparel brands, now ushers in a new era of comfort, fit, and performance for baby diapers, disposable hygiene products, adult incontinence, and feminine care.

 

LYCRA® ADAPTIV fiber is engineered to address key unmet needs in hygiene and personal care. According to the company’s proprietary research, these include fit flexibility, shape retention, comfort in motion, ease of use, and stay-in-place performance. Its unique polymer formulation adapts to the wearer’s body, delivering a soft, easy stretch that enhances comfort; a secure fit to help minimize leakage; inclusive sizing for a wider fit window; easy donning and doffing for users and caregivers; and reduced concentrated compression to help minimize red marks on skin.

 

 

“LYCRA® ADAPTIV fiber is a major leap forward for hygiene and personal care. This technology adapts to real bodies and how they move—an essential demand of today’s consumers,” said Doug Kelliher, executive vice president, product, The LYCRA Company. “By introducing our proven apparel innovation to this space, we help manufacturers deliver a more personalized, comfortable, and secure wearing experience—without adding product complexity.”

 

 

Award Nomination and Seminars

 

 

LYCRA® ADAPTIV fiber has been nominated for the INDEX™ Awards in the Raw Material & Componentcategory. It’s being recognized for its potential to deliver a consistent and inclusive user experience across a wider size range, addressing an industry-wide challenge. The award will be presented at EDANA’s stand (1530) on May 19 at 10:30 CET.

 

 

Jovan Phillips, The LYCRA Company’s product manager, personal care, is presenting two seminars at INDEX™ 26:

 

 

  • From Apparel to Hygiene: LYCRA® ADAPTIV Fiber Redefines Comfort and Fit,May 21 at 14:00 CET.
  • The Power of Partnership: From Farm to Fiber – Introducing Renewable LYCRA® Fiber, May 20 at 15:30 CET.

 

 

Visitors are invited to explore additional hygiene and nonwoven solutions, including Renewable LYCRA® fiber made from 70 percent plant-based content, at The LYCRA Company’s stand (2151) at INDEX™ 26.

 

About The LYCRA Company

 

 

The LYCRA Company innovates and produces fiber and technology solutions for the apparel and personal care industries and owns the leading consumer brands: LYCRA®, LYCRA HyFit®, LYCRA® T400®, COOLMAX®, THERMOLITE®, ELASPAN®, SUPPLEX® and TACTEL®. Headquartered in Wilmington, Delaware, U.S., The LYCRA Company is recognized worldwide for its sustainable products, technical expertise, and marketing support. The LYCRA Company focuses on adding value to its customers’ products by developing unique innovations designed to meet the consumer’s need for comfort and lasting performance. Learn more at thelycracompany.com.

 

 

 

 

 

business

Bajaj at 100: From Freedom Movement to Global Scale PM Narendra Modi Hails a Century of Nation-Building

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Business Wire India

 

  • The Bajaj Group, one of India’s largest conglomerates by market cap at US$ 148 billion, serves 1 in 3 Indian households across automobiles, financial services, consumer electricals and engineering

  • A Century of trust: The Bajaj Group traces its roots to its founder Jamnalal Bajaj, freedom fighter, social reformer, philanthropist, industrialist, and considered the fifth adopted son of Mahatma Gandhi, who set up the Group’s first office in Mumbai (then-Bombay) in 1926.

The Bajaj Group, one of India’s oldest family businesses and among its largest conglomerates by market cap at $USD 148 billion, today commemorated 100 years in business – with Hon’ble Prime Minister Shri Narendra Modi extending his greetings on a milestone that traces India’s own arc – from the freedom movement to its global economic rise.

 

Founded in 1926 in Mumbai (then-Bombay) by Jamnalal Bajaj, a freedom fighter, social reformer, philanthropist, industrialist and considered the fifth adopted son of Mahatma Gandhi, the Bajaj Group serves one in three Indian households and employs over 130,000 employees.

 

With over 100 companies, exports to over 100 countries, and an upcoming foray into healthcare, the Bajaj Group has built one of India’s most trusted brands across automobiles, financial services, consumer electronics and engineering. Some of its listed companies include Bajaj Auto, Bajaj Finserv, Bajaj Holdings & Investment, Bajaj Finance, Bajaj Housing Finance, Bajaj Electricals and Mukand.

 

In a message to the Bajaj family recognising the Bajaj Group’s contributions to nation-building, Hon’ble Prime Minister Shri Narendra Modi, said, “On the occasion of the centenary of the Bajaj Group, I extend my greetings and best wishes to everyone associated with this milestone. A hundred years is a significant journey for any institution. It reflects not only longevity, but also the ability to adapt to changing times, contribute to economic growth and remain relevant across generations.

 

“Started under the leadership of Shri Jamnalal Bajaj, the Bajaj Group has been a part of India’s industrial and economic landscape through many phases of our nation’s development. It has grown into a diversified company with operations across various sectors, which serve customers both in India and across the world.

 

“Over the decades, the Bajaj Group has played an important role in nation-building by creating jobs, fostering innovation and supporting community development. Milestones such as this are an opportunity to reflect on key contributions, as well as to renew commitment towards growth, sustainability and inclusive progress.

 

“India is moving forward with new aspirations in manufacturing, innovation and global competitiveness. Institutions with deep roots and experience such as the Bajaj Group have an important role to play in shaping the journey towards Viksit Bharat by 2047.

 

Greetings to everyone at the Bajaj Group once again on this memorable occasion. I am confident that the years ahead will be about continued progress and meaningful contributions to the nation’s development.”

 

The Bajaj Group’s social impact efforts, focused on youth skilling and employment, child health, education and protection, have positively impacted the lives of over 10 million beneficiaries.

 

The centenary celebration at the National Sports Club of India, Mumbai, brought together family members, captains of industry, Union and State Ministers, political leaders, celebrities and partners. The evening traced the family’s journey, from its role in India’s freedom struggle, through the shift from trading to manufacturing and financial services, to new-age technologies that its businesses lead today.

 

Highlights included addresses by the Bajaj family, a specially composed live performance by Grammy award winner and globally acclaimed composer Ricky Kej and his troupe, the screening of ‘Kathni Karni Eksi’, a film on Jamnalal Bajaj and Mahatma Gandhi, directed by Rajkumar Hirani, and the unveiling of the ‘100 years of Bajaj’ logo.

 

Speaking on the occasion:

 

Niraj Bajaj, Chairman, Bajaj Auto, in his address themed ‘India and Bajaj’, said:

“As a family, we thank our Hon’ble Prime Minister Shri Narendra Modi for his wishes and encouraging words. The story of Bajaj and the story of India have never really been separate. India’s journey towards self-reliance did not begin recently. It began nearly a century ago — when visionary Indians believed that Bharat must build for itself, produce for itself, and stand on its own feet. One of those pioneers was Jamnalalji — our founder. His philosophy of ‘common good over individual gain’ shaped our decisions across generations. His spouse, Jankideviji Bajaj, was India’s first lady recipient of the Padma Vibhushan.

 

Jamnalalji’s philosophy was taken forward successfully by his sons Kamalnayan Bajaj and Ramkrishna Bajaj, both brought up under the eye of Mahatma Gandhi, during their formative years. Thereafter, Rahul Bajaj, a giant among corporate leaders, established a result oriented yet human, ambitious yet honest, organization. As industries grew and capabilities expanded, one thought remained constant: Build in India. Build for India. And build India.”

 

Rajiv Bajaj, Managing Director, Bajaj Auto, in his address themed ‘Globalisation’ said:

“What we say and what we do must always be the same. And perhaps that is why the Bajaj journey did not become just a story of growth. It became a story of trust. Today, Bajaj Auto is not just one of India’s largest two-wheeler companies. It is among the top three globally. Our vehicles are sold in over 100 countries in Africa, Latin America and Southeast Asia. The Pulsar brand today stands with global players, not behind them. And when we partnered with KTM, an iconic Austrian motorcycle company — it was not just a business deal. This shows that an Indian company is not just a follower, it is a co-creator of global brands. It also proves that legacy and innovation can walk together. Today’s India does not only participate, but it also competes in the global economy.”

 

Nirav Bajaj, CEO, Bajaj Integrated Health System, in his address themed ‘Inclusive Development’ said:

“Jamnalalji believed that business was not separate from society. He said business should be pursued with a view to benefit the poor. Within the family, we often say that society must profit from profit itself. That has meant ensuring that growth reaches even the poorest of the poor. Bajaj Beyond, our CSR initiative, is the next expression of a 100-year philosophy. An effort to take everything we have learned and build models that can scale across India. Across education, livelihoods and sustainability, with a clear ambition to enable and impact over 2 crore young Indians in the next five years. Because if the first 100 years were about building institutions, the next 100 will be about building ecosystems.”

 

Sanjiv Bajaj, Chairman & Managing Director, Bajaj Finserv, in his address themed ‘India and the Next 100’ said:

“My father Rahul Bajaj would often say – I firmly believe in the ‘Idea of India’, in our country’s diversity and in its enterprising youth. The next chapter of India’s rise will be written by technology and innovation, and most importantly by the youth. At Bajaj, we don’t see AI only as a technology trend. We see it as a powerful force that will further financial inclusion. Because access to finance actually means access to opportunity. For over a century, we have viewed our businesses through this same lens: as platforms built to offer hope, freedom, and entrepreneurship. We believe that when potential is given a stage, the entire country moves forward.”

 

Shekhar Bajaj, Chairman & Managing Director, Bajaj Electricals, in his address on Jamnalal Bajaj’s values and the social impact he created, said:

“Jamnalalji’s work spanned social equity, education for women and children, rural upliftment, promotion of khadi, abolition of purdah, dowry, child marriage and whole-hearted participation in the freedom movement. Should success be measured only in numbers and scale? Or in lives touched, values upheld, and communities strengthened. As we step into the next 100 years of Bajaj perhaps the answer to that question will define the institution we continue to build.”