Archives May 2026

Business Wire India

Hyderabad-based Bhagyanagar India Limited (BSE: 512296, NSE: BHAGYANGR) has reported strong financial growth for FY 2025–26, with revenue increasing 46% year-on-year to INR 2,377 crore and profit after tax rising 258% to INR 50 crore. Backed by rising demand across infrastructure, renewable energy, electric vehicles, and industrial manufacturing, the company has outlined a long-term roadmap targeting INR 5,000 crore in revenue by FY 2029–30.

The growth comes amid increasing demand for copper across sectors such as renewable energy, electric mobility, power infrastructure, telecom, and data centres, where copper remains a critical industrial material. The company’s market capitalization has also crossed the INR 1,000 crore mark over the past year, reflecting increased investor interest and business momentum.

Financial Highlights — FY 2025–26 (Consolidated)

Figures in INR Crore. Source: Regulatory filings with NSE and BSE.

Particulars	FY 2025–26	FY 2024–25	Growth
Revenue (Turnover)	INR 2,377.83 Cr	INR 1,625.61 Cr	46%
Operational EBITDA	INR 106.14 Cr	INR 37.02 Cr	187%
Profit Before Tax (PBT)	INR 67.51 Cr	INR 18.68 Cr	261%
Profit After Tax (PAT)	INR 50.17 Cr	INR 14.02 Cr	258%

 

Expansion Roadmap

Bhagyanagar India and its leadership, headed by Devendra Surana, have outlined a long-term growth roadmap focused on expanding the company’s presence within India’s non-ferrous metals sector, which includes:

• Capacity expansion to 45,000 metric tonnes: The company has already achieved 35,000 MT of production capacity as of March 2026, making the next phase of expansion a clear and credible strategic progression.
• INR 40 crore capital investment: Committed to manufacturing infrastructure over the next two years, directly backing the capacity ramp-up.
• Corporate restructuring via NCLT-admitted demerger scheme: An NCLT-admitted demerger scheme under which Bhagyanagar India’s copper manufacturing business will be carved out into Tieramet Limited — a standalone, independently listed company — creating a cleaner corporate structure and giving shareholders direct equity exposure to one of India’s most strategically positioned copper businesses.
• INR 5,000 crore revenue target by FY 2029–30: Anchored by the ongoing capacity ramp-up and the convergence of powerful demand drivers — AI data centre build-outs, utility-scale renewable energy, electric vehicle adoption, and India’s accelerating push toward industrial self-reliance.

Competitive Strengths

Bhagyanagar India’s growth strategy continues to be supported by:

• 40-year unblemished track record: Not a single loss-making quarter in the company’s history or a single day’s delay in any of its obligations stands out as a rare distinction in a cyclical sector, and a testament to the durability and strong corporate governance norms of its business model.
• Deep OEM relationships: Long-standing supplier and customer ties with major industrial names, backed by hands-on leadership.
• Sustained financial momentum: Seven consecutive quarters of profit growth, with operating leverage now visibly translating into margin expansion across the P&L.
• Powerful sectoral tailwinds: India’s energy transition, EV adoption, AI infrastructure build-out, and the country’s broader manufacturing-led growth story — all of which run on copper.

Commenting on the company’s performance and long-term vision, Shri Devendra Surana, Managing Director, Bhagyanagar India Limited, said: “The future runs on copper, and Bhagyanagar India has been contributing to that future for over four decades. As India continues to witness growth across infrastructure, renewable energy, electric mobility, and industrial manufacturing, we remain focused on expanding our capabilities, strengthening operational efficiencies, and building a sustainable growth platform within India’s non-ferrous metals sector.”

He added: “With our NCLT-admitted demerger scheme progressing on schedule, our capacity expansion to 45,000 MT well underway, and an INR 40 crore capex commitment firmly in place, we are on a clear and well-funded path toward our INR 5,000 crore revenue target by FY 2029–30.”

Business Wire India

 

1Q 2026

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260512320157/en/

 

 

 

• Total business volume at 53.0 billion euros, an internal growth of 3.5 percent¹. This was driven by a strong development in Property-Casualty and Asset Management
• Operating profit rises 6.6 percent and reaches a record level of 4.5 billion euros
• Shareholders’ core net income advances by 48.4 percent to 3.8 billion euros, impacted by the sale of the stakes in our Indian Joint Ventures. Underlying growth, which adjusts for the sale effects and offsetting measures, is strong at 7 percent²
• Core earnings per share grow 50.7 percent and reach 9.96 euros. Adjusted for the above-mentioned effects, underlying growth is excellent at 9 percent ²
• Annualized core RoE at 24.2 percent, underlying level very strong at 18 percent ²
• Solvency IIratio³ increases by 2 percentage points to 221 percent⁴. Capital generation was strong

Outlook & other

 

• Allianz is on track to achieve its full-year operating profitoutlook of 17.4 billion euros, plus or minus 1 billion euros⁵
• Share buy-back program of up to 2.5 billion euros announced on February 25, 2026 underway; 0.3 billion euros completed in 1Q 2026

 

CEO comment

 

“Allianz delivered a record operating profit in the first quarter of 2026 – a testament to the strength of our fundamentals and the effectiveness of our customer-centered strategy.

 

 

We remain disciplined in our delivery as we work to expand affordable protection and retirement for more people, harnessing the potential of AI to serve them in an even more efficient and personalized way.

 

 

By rigorously combining technological advancements with our expertise and empathy to meet customer needs, we create a unique value proposition and opportunities for everyone who puts their trust into Allianz.“

 

 

– Oliver Bäte, Chief Executive Officer of Allianz SE

 

 

FINANCIAL HIGHLIGHTS

 

 

Allianz Group: Strong start to 2026

 

 

Key performance indicator

1Q 2026

Change vs prior year

 

Total business volume (€ bn); change shows internal growth		53.0		3.5%
Operating profit (€ mn)		4,517		6.6%
Shareholders’ core net income (€ mn)		3,785		48.4%
Core return on equity (annualized) (%) 6		24.2		6.1%-p
Solvency II ratio (%) 6		221		2%-p

CFO comment

 

“Allianz’s first-quarter performance reflects the quality of our diversified portfolio and the rigorous execution of our strategic priorities.

 

 

We built on the momentum of an excellent 2025, achieving profitable growth and a record operating profit of 4.5 billion euros. These results demonstrate our ability to create sustainable value for our customers and shareholders, even in a demanding operating environment.

 

 

We remain focused on the delivery of our ambitions and affirm our full-year outlook with confidence.”

 

 

– Claire-Marie Coste-Lepoutre, Chief Financial Officer of Allianz SE

 

 

Our total business volume amounted to 53.0 billion euros (1Q 2025: 54.0 billion euros). Internal growth, which excludes the effects of foreign-currency translation as well as acquisitions and divestments, was 3.5 percent. The Property-Casualty segment was the main contributor with strong business growth also in Asset Management.

 

 

Operating profit rose 6.6 percent to a record level of 4.5 (4.2) billion euros and reached 26 percent of our full-year outlook midpoint. This reflects a strong development of our Property-Casualty and Asset Management segments. The performance of our Life/Health segment was resilient in a volatile market environment.

 

 

Shareholders’ core net income advanced 48.4 percent to 3.8 (2.6) billion euros. Adjusted for the effects of the sale of the stakes in our Indian Joint Ventures and offsetting measures, shareholders’ core net income advanced strongly by 7 percent², almost exclusively driven by a higher operating profit.

 

 

Core earnings per share (EPS)⁷ amounted to 9.96 (6.61) euros, an increase of 50.7 percent. Adjusted for the above-mentioned effects, growth was excellent at 9 percent², the top-end of our 7-9 percent CAGR target for the 2025-2027 strategic cycle.

 

 

Allianz delivered an annualized core return on equity (RoE)⁷ of 24.2 percent in 1Q 2026 (12M 2025: 18.1 percent). Adjusted for the above-mentioned effects, our annualized core return on equity was at a very strong level of 18 percent².

 

 

This performance was achieved while we further strengthened our capitalization. Our Solvency II ratio reached 221 percent, an increase of 2 percentage points compared to full-year 2025 (218 percent), supported by strong capital generation.

 

 

Outlook

 

 

Allianz is on track to achieve its full-year outlook of an operating profit of 17.4 billion euros, plus or minus 1 billion euros.

 

 

Other

 

 

The share buy-back program of up to 2.5 billion euros, announced on February 25, 2026, is underway and 0.3 billion euros were completed in the first three months of 2026.

 

 

Property-Casualty insurance: Another record performance

 

 

Key performance indicator

1Q 2026

Change vs prior year

 

Total business volume (€ bn); change shows internal growth		28.3		6.8%
Operating profit (€ mn)		2,411		11.1%
Combined ratio (%)		91.0		-0.9%-p
Loss ratio (%)		67.3		-0.4%-p
Expense ratio (%)		23.7		-0.5%-p

Core messages Property-Casualty insurance 1Q 2026

Sustained strong internal growth, in particular in retail

Highest quarterly operating profit ever, reaching 27 percent of our full-year outlook midpoint

Combined ratio excellent; strong underwriting performance and very good expense ratio

In 1Q 2026,total business volume reached 28.3 (1Q 2025: 27.0) billion euros. Internal growth was strong at 6.8 percent, sustaining the good momentum from last year. Allianz maintained a successful balance of growing its business while keeping underwriting discipline.

 

The record operating profit of 2.4 (2.2) billion euros marked a successful start to the year, reaching 27 percent of our full-year outlook midpoint. Operating profit advanced 11.1 percent, entirely driven by a higher insurance service result.

 

 

The combined ratio improved to an excellent level of 91.0 percent (91.8 percent), ahead of our full-year outlook of 92 to 93 percent. This development was supported by the loss ratio and expense ratio.

 

 

The loss ratio was at a strong level of 67.3 percent (67.7 percent), an improvement of 0.4 percentage points. The expense ratio developed favorably by 0.5 percentage points to 23.7 percent, reflecting top-line growth and productivity gains.

 

 

The retail⁸ business sustained its momentum and delivered strong internal growth of 8 percent. The segment’s combined ratio further improved to 91.4 percent (91.8 percent).

 

 

In the commercial⁹ business, internal growth of 6 percent was good. The segment achieved an excellent combined ratio of 90.3 percent (91.7 percent).

 

 

Life/Health insurance: Resilient performance

 

 

Key performance indicator

1Q 2026

Change vs prior year

 

PVNBP (€ mn)		23,727		-9.1%
New business margin (%)		5.3		-0.2%-p
VNB (€ mn)		1,260		-12.5%
Operating profit (€ mn)		1,354		-5.1%
Contractual Service Margin (€ bn, eop)		55.4		1.7% 10

Core messages Life/Health insurance 1Q 2026

Value of new business at a good level of 1.3 billion euros, with a high-quality business mix

New business margin of 5.3 percent above our ambition level of at least 5 percent

Operating profit of 1.4 billion euros resilient in a volatile environment

In 1Q 2026, PVNBP, the present value of new business premiums, amounted to a good level of 23.7 (1Q 2025: 26.1) billion euros. Adjusted for foreign currency translation effects and the sale of our stake in UniCredit Allianz Vita, PVNBP reduced only marginally – by 1 percent – from an exceptionally strong prior year level. 91 percent (91 percent) of our new business was generated in our preferred lines of business (capital-efficient products, unit-linked without guarantees, protection & health).

 

The new business margin (NBM) was healthy at 5.3 percent (5.5 percent), ahead of our ambition level of at least 5 percent. The value of new business (VNB) reached a good level of 1.3 (1.4) billion euros. Adjusted for foreign currency translation effects, the sale of our stake in UniCredit Allianz Vita, and exceptional large contracts in Germany in the prior year quarter, VNB remained broadly stable.

 

 

Operating profit remained resilient at 1.4 (1.4) billion euros in a volatile operating environment. Adjusted for foreign currency translation effects as well as the sale of the stakes in our Indian Joint Ventures and in UniCredit Allianz Vita, operating profit was up 3 percent.

 

 

The Contractual Service Margin (CSM) was 55.4 (12M 2025: 55.7) billion euros. Normalized CSM growth was 1.7 percent, supporting our full-year expectations of around 5 percent.

 

 

Asset Management: Excellent organic growth with record 1Q inflows

 

 

Key performance indicator		1Q 2026		Change vs prior year
Operating revenues (€ bn); change shows internal growth		2.2		12.7%
Operating profit (€ mn)		857		5.8%
Cost-income ratio (%)		60.4		-0.9%-p
Third-party net flows (€ bn)		45.2		57.6%
Third-party assets under management (€ bn)		2,043		6.7%
Average third-party assets under management (€ bn)		2,041		5.1%

 

Core messages Asset Management 1Q 2026

Assets under management (AUM)-driven revenues grow by 11 percent (F/X adjusted)

Operating profit increases by 15 percent (F/X adjusted)

Record first quarter net inflows of 45 billion euros

In 1Q 2026, operating revenues increased to 2.2 billion euros, an internal growth of 12.7 percent. This was supported by higher AuM-driven revenues, which advanced by 11.1 percent (F/X adjusted), as well as by higher performance fees.

 

Operating profit was strong at 857 (1Q 2025: 811) million euros, up 5.8 percent. Adjusted for foreign currency translation effects, operating profit increased by 15.0 percent. The cost-income ratio (CIR) improved to a very good level of 60.4 percent (61.3 percent), which is ahead of our full-year ambition of less than 61 percent. This development reflects sustained top-line momentum and management actions.

 

 

Third-party assets under management reached a record level of 2.043 trillion euros as of March 31, 2026 (4Q 2025: 1.990 trillion euros; 1Q 2025: 1.914 trillion euros). Very strong net inflows of 45 billion euros were the main contributor. Average third-party assets under management increased to 2.041 trillion euros, 5.1 percent above 1Q 2025.

 

 

FOOTNOTES

 

 

1		Total growth -1.8 percent in 1Q 26.
2		Adjusted for sale of stakes in Indian JVs (net income impact: -0.1 billion euros tax provision in 1Q 25 and 1.1 billion euros gain in 1Q 26) and offsetting measures (net income impact: -0.15 billion euros in 1Q 26).
3		Solvency II ratio / Solvency II capitalization ratio: ratio that expresses the capital adequacy of a company by comparing own funds to SCR. This applies to all information related to the Solvency II ratio in this document.
4		Based on quarterly dividend accrual; additional accrual to reflect FY dividend would impact Solvency II capitalization ratio by -11%-p as of March 31, 2026. This applies to all information regarding the Solvency II capitalization ratio in this document.
5		As always, natural catastrophes and adverse developments in the capital markets, as well as factors stated in our cautionary note regarding forward-looking statements may severely affect the operating profit and/or net income of our operations and the results of the Allianz Group.
6		Change versus full-year 2025.
7		Core EPS and core RoE calculation based on shareholders‘ core net income.
8		Retail including SME and Fleet. This applies to all information related to retail in this document.
9		Commercial including large Corporate, MidCorp, credit insurance, internal and 3rd party R/I. This applies to all information related to commercial in this document.
10		Normalized CSM growth compared to December 31, 2025.

 

1Q 2026 RESULTS TABLE

 

Allianz Group – key figures 1st quarter 2026
						1Q 2026		1Q 2025		Delta
Total business volume				€ bn		53.0		54.0		-1.8%
– Property-Casualty				€ bn		28.3		27.0		4.9%
– Life/Health				€ bn		22.6		25.0		-9.6%
– Asset Management				€ bn		2.2		2.1		3.5%
– Consolidation				€ bn		-0.1		-0.1		4.1%
Operating profit / loss				€ mn		4,517		4,238		6.6%
– Property-Casualty				€ mn		2,411		2,170		11.1%
– Life/Health				€ mn		1,354		1,427		-5.1%
– Asset Management				€ mn		857		811		5.8%
– Corporate and Other				€ mn		-114		-165		-30.9%
– Consolidation				€ mn		8		-4		n.m.
Net income				€ mn		3,846		2,581		49.0%
– attributable to non-controlling interests				€ mn		156		158		-1.3%
– attributable to shareholders				€ mn		3,690		2,423		52.3%
Shareholders’ core net income1				€ mn		3,785		2,550		48.4%
Core earnings per share2				€		9.96		6.61		50.7%
Additional KPIs
– Group		Core return on equity3		%		24.2%		18.1%		6.1%	-p
– Property-Casualty		Combined ratio		%		91.0%		91.8%		-0.9%	-p
– Life/Health		New business margin		%		5.3%		5.5%		-0.2%	-p
– Asset Management		Cost-income ratio		%		60.4%		61.3%		-0.9%	-p
						03/31/2026		12/31/2025		Delta
Shareholders’ equity4				€ bn		65.9		62.7		5.1%
Contractual service margin (net)				€ bn		34.9		35.4		-1.3%
Solvency II capitalization ratio5				%		221%		218%		2%	-p
Third-party assets under management				€ bn		2,043		1,990		2.6%
	Please note: The figures are presented in millions of Euros, unless otherwise stated. Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.
1_	Presents the portion of shareholders’ net income before non-operating market movements and before amortization of intangible assets from business combinations (including any related income tax effects).
2_	Calculated by dividing the respective period’s shareholders’ core net income, adjusted for net financial charges related to undated subordinated bonds classified as shareholders’ equity, by the weighted average number of shares outstanding (basic core EPS).
3_	Represents the annualized ratio of shareholders’ core net income to the average shareholders’ equity at the beginning and at the end of the period. Shareholders’ core net income is adjusted for net financial charges related to undated subordinated bonds classified as shareholders’ equity. From the average shareholders’ equity, undated subordinated bonds classified as shareholders’ equity, unrealized gains and losses from insurance contracts and other unrealized gains and losses are excluded. Annualized figures are not a forecast for full year numbers. For 1Q 2025, the core return on equity for the respective full year is shown.
4_	Excluding non-controlling interests.
5_	Risk capital figures are group diversified at 99.5% confidence level. Solvency II capitalization ratio is based on quarterly dividend accrual; additional accrual to reflect FY dividend would impact solvency II capitalization ratio by -11%-p as of 31 March 2026.

 

RATING

 

Ratings1		S&P Global		Moody’s		A.M. Best2
Insurer financial strength rating		AA | stable outlook		Aa2 | stable outlook		A+ | stable outlook
Counterparty credit rating		AA | stable outlook		Not rated		aa3 | stable
Senior unsecured debt rating		AA		Aa2 | stable outlook		aa | stable
Subordinated debt rating		A+/A		A1/A34 | stable outlook		aa- / a+ | stable
Commercial paper (short term) rating		A-1+		Prime-1		Not rated

 

1		Includes ratings for securities issued by Allianz Finance II B.V. and Allianz Finance Corporation.
2		A.M. Best’s Rating Reports reproduced on www.allianz.com appear under licence from A.M. Best Company and do not constitute, either expressly or implicitly, an endorsement of Allianz’s products or services. A.M. Best’s Rating Reports are the copyright of A.M. Best Company and may not be reproduced or distributed without the express written consent of A.M. Best Company. Visitors to www.allianz.com are authorised to print a single copy of the rating report displayed there for their own use. Any other printing, copying or distribution is strictly prohibited. A.M. Best’s ratings are under continual review and subject to change or affirmation. To confirm the current rating visit www.ambest.com.
3		Issuer credit rating.
4		Final ratings vary on the basis of the terms.

Related links

 

Media Conference
May 13, 2026, 9:30 AM CEST: YouTube (English language)

 

 

Analyst Conference
May 13, 2026, 2:30 PM CEST: YouTube (English language)

 

 

Results
The results and related documents can be found in the download center.

 

 

Upcoming events

 

 

Financial Results 2Q & 6M 2026
August 7, 2026

 

 

More information can be found in the financial calendar.

 

 

About Allianz

 

 

The Allianz Group is one of the world’s leading insurers and asset managers, active in almost 70 countries and serving around 97 million private and corporate customers*. Our customers benefit from a broad range of personal and corporate insurance services, including property, life and health insurance, as well as assistance services, credit and global business insurance. Recognized for the seventh consecutive year as the number one global insurance brand in Interbrand’s Best Global Brands 2025 ranking, Allianz’s success is built on technology-enabled customer centricity – providing peace of mind, protection, and prevention for our customers and strengthening the resilience of individuals, communities, and societies. We are one of the world’s largest investors, managing around 770 billion euros** on behalf of our insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 2.0 trillion euros** of third-party assets. Thanks to our systematic integration of environmental and social criteria in our business processes and investment decisions, Allianz received an MSCI ESG Rating of AAA (as of March 2026). In 2025, our 156,000 dedicated employees achieved a total business volume of 186.9 billion euros and an operating profit of 17.4 billion euros for our shareholders.

 

 

* As of December 31, 2025. Customer count reflects Allianz customers in consolidated entities that are part of the customer reporting scope only.

 

 

** As of March 31, 2026.

 

 

These assessments are, as always, subject to the disclaimer provided below.

 

 

Cautionary note regarding forward-looking statements

 

 

This document includes forward-looking statements, such as prospects or expectations, that are based on management’s current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements.

 

 

Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation with respect to the Allianz Group, other well-known companies and the financial services industry generally, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in laws and regulations, including tax regulations, (xi) the impact of acquisitions including and related integration issues and reorganization measures, and (xii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.

 

 

No duty to update

 

 

Allianz assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.

 

 

Other

 

 

The figures regarding the net assets, financial position and results of operations have been prepared in conformity with International Financial Reporting Standards. This Quarterly Earnings Release is not an Interim Financial Report within the meaning of International Accounting Standard (IAS) 34. This is a translation of the German Quarterly Earnings Release of the Allianz Group. In case of any divergences, the German original is binding.

 

 

Privacy Note

 

 

Allianz SE is committed to protecting your personal data. Find out more in our privacy statement.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260512320157/en/

 

Business Wire India

FPT AI Factory, in partnership with InFlow and Visa Intelligent Commerce, launches an agent-native commerce platform, enabling access to frontier AI models that fuel AI agents in action. AI agents can dynamically route between models based on cost, latency, or performance. This collaboration allows seamless AI agent workflows to autonomously research, procure, and pay for services while ensuring security and compliance, pioneering the B2AI economy on a global scale.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260512059939/en/

 

 

 

The Dawn of B2AI Commerce

 

B2AI commerce, where AI agents research, negotiate, and complete purchases autonomously, is rapidly moving from concept to production reality. The new horizon is B2AI: an emerging commercial paradigm in which AI agents are the new customer type executing end-to-end procurement workflows under human-defined intent and outcomes.

 

 

Just as cloud infrastructure unlocked the SaaS economy, the agent-native commerce platform is now unlocking the B2AI economy, opening an entirely new commerce market.

 

 

Closing the Loop: The Full B2AI Commerce Stack

 

 

This three-way partnership assembles every layer required for an end-to-end, agent-native transaction.

 

 

InFlow provides B2AI commerce infrastructure for both sides of the transaction. AI agents (buyers) onboard, pay, and transact as discrete customers. Businesses (sellers) onboard, transact with, and monetize agent-driven demand at scale.

 

 

Visa Intelligent Commerce contributes trusted payment credentials and global network access, ensuring every agent-initiated transaction is authenticated, policy-governed, and fully auditable.

 

 

FPT AI Factory serves as the production inference layer, demonstrating the agent-native commerce platform live where AI agents access compute services, execute high-frequency API calls, and generate sustained, programmatic demand.

 

 

Together, the three companies cover the complete transaction stack: identity, payment credentials, and AI compute, making B2AI commerce operational today.

 

 

What This Unlocks for AI Innovators

 

 

For AI agent developers, the partnership removes the friction that has historically kept commerce out of autonomous workflows. Procurement, onboarding, and payment now execute without human-in-the-loop intervention, and every transaction remains traceable and policy-governed in a single, uninterrupted workflow.

 

 

For businesses offering AI services, the platform opens up an entirely new customer segment. AI agents can autonomously onboard and transact on the platform, purchasing inference services, selecting models for corresponding workloads, and sustaining operations without interruption.

 

 

Powering Continuous Agent Workflows on FPT AI Factory

 

 

FPT AI Factory (NVIDIA Cloud Partner) offers robust GPU Cloud, inference-ready AI platforms, and access to more than 25 of the latest AI models via production-ready API, including Nemotron 3 Super, Alpamayo, Qwen 3, and Llama 4, covering the full range of AI workloads from training to deployment. The platform utilizes the latest NVIDIA HGX B300, H200, and H100, fulfilling the rigorous demands of next-generation AI and high-performance computing workloads.

 

 

Within FPT AI Factory, agents dynamically route between models based on cost, latency, or performance requirements, with InFlow handling continuous usage and payment settlement across every inference request. The result is an uninterrupted agentic workflow: agents identify the capability they need, onboard programmatically, transact via Visa Intelligent Commerce’s global payment network, and execute inference at scale, all without a single manual approval step.

 

 

About FPT AI Factory

 

 

FPT AI Factory delivers an all-in-one AI Developer Cloud that combines NVIDIA-accelerated GPU Cloud services, inference-ready AI platforms, and ready-to-use AI applications. Guided by the vision “Build Your Own AI,” FPT AI Factory empowers enterprises, startups, and the tech community with the compute power, model variety, and deployment flexibility to support any AI workload while ensuring optimal price-performance and sovereign AI.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260512059939/en/

 

Business Wire India

Rigaku Corporation, a global solution partner in X-ray analytical systems and a group company of Rigaku Holdings Corporation (headquarters: Akishima, Tokyo; CEO: Jun Kawakami; “Rigaku”), announced the expansion of its development of metrology technologies for next-generation semiconductors, leveraging global research environments.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260512888328/en/

 

 

 

As part of this initiative, Rigaku is working with imec, a world-leading semiconductor research and innovation hub headquartered in Belgium, under a three-year development program. Through this effort, Rigaku will advance its core X-ray technologies, including 3D device metrology, high-sensitivity detection of ultrathin films and trace elements, and non-destructive inspection of microscopic defects.

 

As semiconductor devices evolve toward advanced architectures such as Gate-All-Around (GAA) and Complementary FET (CFET)¹, along with increasing memory density, manufacturing processes are becoming more complex. These drives growing demand for highly accurate, non-destructive measurement and inspection technologies to support stable mass production. Rigaku addresses these needs by delivering high-value, differentiated metrology and inspection solutions.

 

 

Key focus areas

 

 

• Advanced logic: Metrology and inspection technologies for CFET devices
• Reticle metrology: Evaluation of photomask degradation used in EUV² lithography
• Advanced wiring and packaging³: Non-destructive inspection technologies
• Advanced memory: Evaluation of nanostructures in 3D DRAM (a next generation memory device)

 

 

Markus Kuhn, Executive Officer and General Manager of Semiconductor Metrology Division of Rigaku, commented, “The serviceable available market (SAM) for Rigaku’s metrology and inspection products in the advanced AI semiconductors is expected to reach approximately US$1 billion by 2030. To address this market growth, Rigaku will continue introducing high‑value, differentiated products, with the goal of achieving a 50% share of this SAM. Strengthening our collaboration with imec will further enhance our competitiveness in high value-added measurement and inspection, supporting medium- to long-term growth.”

 

1 GAA/CFET: Gate-All-Around / Complementary Field-Effect Transistors. A next-generation device architecture in which n-type and p-type transistors are vertically stacked to increase device density beyond nanosheet (GAA) technology.
2 EUV exposure: A core technology for advanced semiconductor manufacturing that enables the formation of ultrafine circuit patterns.
3 Advanced packaging: Packaging technologies that integrate multiple semiconductor chips to enhance performance and reduce power consumption

 

 

About the Rigaku Group

 

 

Since its establishment in 1951, the engineering professionals of the Rigaku group have been dedicated to benefiting society with leading-edge technologies, notably including its core fields of X-ray and thermal analysis. With a market presence in 136 countries and regions and some 2,000 employees from 9 global operations, Rigaku is a solution partner in industry and research analysis institutes. Our overseas sales ratio has reached approximately 70% while sustaining an exceptionally high market share in Japan. Together with our customers, we continue to develop and grow. As applications expand from semiconductors, electronic materials, batteries, environment, resources, energy, life science to other high-tech fields, Rigaku realizes innovations “To Improve Our World by Powering New Perspectives.”
For details, please visit: rigaku-holdings.com/english

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260512888328/en/

 

Business Wire India

Eskom and Energy Vault are announcing an agreement to deploy a gravity storage system at the Hendrina Power Station in Mpumalanga province, South Africa, with intention to license, co-develop and partner to deploy up to 4GWh of long duration energy storage across 16 SADC member states

 

The partnership will significantly advance regional efforts to transition away from coal, leverage joint material science technology for economic re-use of waste coal ash within the energy storage medium while enabling grid reliability, job creation, and local economic development

 

Energy Vault Holdings, Inc. (NYSE: NRGV) (“Energy Vault” or “the Company”), a global leader in sustainable, grid-scale energy storage and AI compute infrastructure solutions, today announced a strategic development agreement with Eskom Holdings SOC Limited (“Eskom”), South Africa’s state-owned electricity utility, to deploy a long-duration gravity energy storage system (GESS).

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260512291247/en/

 

 

The first GESS plant will be built at Eskom’s Hendrina Power Station in Mpumalanga, South Africa, one of the utility’s oldest operating stations. The system is expected to provide 25 MW of capacity with four hours of storage, equivalent to 100 MWh, and is designed to be fully scalable, up to 4GW. This landmark agreement establishes a partnership between the two companies, aligning their long‑term interests to accelerate the decarbonization of Southern Africa’s power sector.

 

 

Under the terms of the agreement, Energy Vault will provide Eskom with its latest EVx 2.0™ GESS technology system, and associated equipment, together with on‑site engineering, project management, and localized training support. The partnership intends to license, co‑develop, and collaborate on the deployment of up to 4 GWh of GESS storage, with significant potential across the 16-member Southern African Development Community (SADC) region by 2035.

 

 

Energy Vault’s EVx 2.0™ GESS platform incorporates significant advancements over the previous EVx design, particularly in the software orchestration, mechanical operation, energy efficiency, construction automation, and construction tooling. These enhancements enable a system capable of scaling to multi-gigawatts (GW’s) of efficient energy storage to support growing renewables penetration. The EVx 2.0 design also features improved material science technology for the economic re-use of ash from coal combustion as the storage medium in the blocks, which may weigh up to 25-30 tons each.

 

 

“This landmark agreement with Eskom represents a transformational milestone for Energy Vault and for Africa’s energy future,” said Robert Piconi, Chairman and Chief Executive Officer. “By combining our breakthrough EVx 2.0 platform with Eskom’s extensive power generation, grid expertise and regional reach, we’re not only advancing long-duration storage at unprecedented scale but also pioneering a new model for sustainable industrial development. This partnership will create local jobs, establish resilient supply chains, and demonstrate how gravity energy storage can accelerate Africa’s transition from coal dependency to energy independence and security — all while delivering reliable, affordable power to communities that need it most.”

 

 

This collaboration directly supports Eskom’s Just Energy Transition Partnership (JETP) initiative, which is focused on achieving a sustainable and equitable transition away from coal while ensuring grid reliability, job creation, and local economic development.

 

 

“Eskom is committed to reducing the environmental impact of its electricity generation activities and will continuously drive projects to support South Africa’s local and global emission reduction targets and transition responsibly. Eskom’s strategy is designed to position us as a resilient and competitive energy leader in a liberalised energy market. We will drive a just and inclusive energy transition that includes intensifying the repowering and repurposing of coal power stations and exploring clean coal technologies and solutions using technology as a strategic enabler to improve efficiencies and lower the cost of electricity. This partnership with Energy Vault and its innovative gravity storage technology will play a pivotal role in achieving our Just Energy Transition goals,” said Dan Marokane, Group Chief Executive, Eskom Holdings.

 

 

Southern Africa is undergoing a dynamic transformation in its energy landscape, with governments and utilities across the SADC region working to expand access to reliable, affordable, and sustainable electricity. Today, 56% of the SADC region’s population has access to electricity, up from just 36% a decade ago, reflecting the impact of coordinated regional efforts and investment in infrastructure. Coal remains the dominant source of power generation, contributing over 80% of South Africa’s electricity supply in 2024, but the region is actively diversifying its energy mix. Utility-scale energy storage technologies are set to play a key role in integrating renewables, strengthening national grid resilience, and improving grid reliability—while also unlocking new opportunities for industrial growth, job creation, and community development.

 

 

This agreement positions Eskom and Energy Vault as regional leaders in grid-scale, long-duration storage and underscores both parties’ commitment to driving a clean, just, and resilient energy transition for Southern Africa.

 

 

About Energy Vault

 

 

Energy Vault^® is an integrated power infrastructure platform that builds, owns and operates flexible, reliable energy systems to accelerate time-to-power for utilities, independent power producers, industrial customers and the AI and data center market. At the core of its platform is a technology-agnostic, software-enabled architecture that is designed to accelerate project delivery, optimize performance and drive faster time-to-revenue. Energy Vault’s integrated solutions combine energy storage, generation, and advanced energy management to deliver scalable infrastructure tailored to customer needs. Its portfolio spans short-, long-, and multi-day duration storage, enabling reliability, flexibility and cost efficiency across applications. For utilities and grid operators, Energy Vault provides firm, flexible capacity ​enhances grid stability and helps to ensure reliable power delivery. For industrial and data center customers, the platform enables resilient, cost-efficient power supply to support critical operations. Through its Build, Own & Operate model, Energy Vault generates long-term, recurring revenues while delivering project execution excellence across development, delivery and operations. By combining innovation with disciplined execution, Energy Vault is redefining how power infrastructure is developed and deployed – delivering reliability, flexibility and scale in a rapidly evolving global energy market. Please visit www.energyvault.com for additional information.

 

 

About Eskom Holdings SOC Ltd

 

 

Eskom Holdings SOC Ltd is a state-owned corporation (SOC) and South Africa’s primary electricity utility, entirely owned by the South African government. Eskom operates across the full electricity value chain—generation, transmission, and distribution—supplying over 86% of South Africa’s energy needs and approximately 20% of the electricity produced on the African continent. Governed by a dual mandate to ensure financial sustainability while driving socio-economic growth, Eskom is committed to a responsible transition toward a lower-carbon future. The entity maintains a vast national network of approximately 33,000km, balancing supply and demand in real-time to power the nation’s economy and participate in the Southern African Development Community (SADC) electricity market. Please visit Eskom Holdings SOC Ltd for more information.

 

 

Forward-Looking Statements

 

 

This press release includes forward-looking statements that reflect the Company’s current views with respect to, among other things, the Company’s operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as “anticipate,” “expect,” “contemplate,” “continue,” “suggest,” “plan,” “potential,” “predict,” “believe,” “intend,” “project,” “forecast,” “estimate,” “target,” “project,” “projections,” “should,” “target,” “could,” “would,” “may,” “might,” “will” and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, expected monetization of tax credits, expected financings, projected costs, prospects and plans; the uncertainly of our awards, bookings, backlog and developed pipeline equating to future revenue; the lack of assurance that non-binding letters of intent and other indications of interest can result in binding financings, orders or sales; the possibility of our products or services to be or alleged to be defective or experience other failures; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the impact of macroeconomic uncertainty, including with respect to uncertainty about the future relationship between the United States and other countries with respect to trade policies and tariffs; changes in tax laws and government regulations and the impact of those changes on us, including as a result of the One Big Beautiful Bill Act and its changes to the Internal Revenue Code of 1986, as amended and the clean-energy tax credits established under the Inflation Reduction Act of 2022; investment in development projects that may not achieve commercial operations in our predicted timeframe or at all; our efforts to diversify our supply chain to lessen the impact of tariffs; the ability of our suppliers to deliver necessary components or raw materials for construction of our energy storage systems in a timely manner; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the Jumpstart Our Business Startups Act of 2012; our future capital requirements and sources and uses of cash; developments in U.S. and global trade policy; the international nature of our operations and the impact of war or other hostilities on our business and global markets; our ability to obtain funding for our operations and future growth; and our business, expansion plans and opportunities, including our expansion into owned and operated projects; our ability to successfully consummate our proposed acquisition in Japan; and other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2025 filed with the SEC on March 18, 2026, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov. New risks emerge from time to time and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260512291247/en/

 

Business Wire India

On the occasion of International Nurses Day, Aster DM Healthcare has announced the Top 10 finalists for the fifth edition of the Aster Guardians Global Nursing Award 2026, selected from over 134,000 registrations across 214* countries and economies. One of the Top 10 finalists will be honoured with the grand title and a prize of USD 250,000. Aster has appointed Ernst & Young LLP as the ‘Process Advisors’ of the award. EY has defined a three-stage evaluation process to determine the finalists and the winner.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260512872373/en/

 

 

 

The top 10 finalists for 2026 includes: Dr. Agimol Pradeep (United Kingdom), Dr. Aidah Alkaissi (Sweden), Dinah Sevilla (The Kingdom of Saudi Arabia), Dr. Hammoda Abu-Odah (Hong Kong SAR, China), Hindumbi Kaurom Kakkada (India), Johana Patricia Galvan Barrios (Colombia), Josephine Nelago Angula (Namibia), Oluchi Angel Okoi (Nigeria), Peter Fore (Papua New Guinea), Ronald Mario Cañas Rojas (Colombia). To know more about the top 10 finalists, please visit: https://www.asterguardians.com/

 

Dr Azad Moopen, Founder Chairman, Aster DM Healthcare, said, “The role of nurses extends far beyond bedside care. Their commitment, dedication, and compassion make them the backbone of healthcare systems across the world. They are often the first to identify gaps in the system, drive innovation, and mentor the generation of healthcare professionals. This is what makes their contribution both indispensable and transformative.

 

 

“The overwhelming response this year in the fifth edition, with over 134,000 registrations from 214 countries and economies, reflects the scale and significance of their impact. It is truly an honour to recognise these Top 10 finalists, whose work is driving meaningful change at scale, often in some of the most challenging healthcare environments.”

 

 

The final round will feature interviews with a distinguished Grand Jury comprising global healthcare leaders, with the winner set to be announced at a gala event in India.

 

 

*As per data.worldbank.org/country

 

 

About Aster DM Healthcare

 

 

Founded in 1987 by Dr. Azad Moopen, Aster DM Healthcare is a leading integrated healthcare provider, with a strong presence across 5 countries in the GCC and Jordan. Aster is committed to the vision of providing accessible and high-quality healthcare, from primary to quaternary services, with its promise of “We will treat you well”.

 

 

Source: AETOSWire

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260512872373/en/

 

Business Wire India

LTM, the Business Creativity partner to the world’s largest enterprises, today announced the launch of BlueVerse™ M.A.X, AI Marketing Assist for execution, an end-to-end marketing orchestration solution, built on Agentforce Marketing by Salesforce. BlueVerse M.A.X enables brands to deliver AI-powered personalized experiences to their customers across geographies.

This offering integrates both automated agents and human expertise, enhancing return on investment, lowering operational expenses, and fostering ongoing innovation, all underpinned by robust performance analytics and iterative feedback mechanisms. The AI agents provide support, execute tasks for campaign creation, personalization, orchestration, and optimization. It offers intelligent, creative workflows, pre-configured journeys, and reusable assets for efficient deployment. 

Arundhati Bhattacharya, CEO & President, Salesforce South Asia, said, “The launch of M.A.X marks the exciting next chapter of our longstanding partnership with LTM. LTM’s powerful ‘Marketing-as-a-Service’ solution combines the robust capabilities of Agentforce Marketing with LTM’s BlueVerse AI platform, empowering businesses to achieve personalization at scale, drive operational efficiency, and secure a faster return on their investment”.

Venu Lambu, Chief Executive Officer and Managing Director, LTM, commented, “As an AI‑centric organisation, we infuse AI into everything we do. With BlueVerse M.A.X, we bring agentic AI to the heart of marketing operations and are embedding intelligence across campaign planning, execution and optimisation to enable personalisation at scale, accelerate ROI, and redefine how modern marketing is run.”

Agentforce, by Salesforce is a digital labour platform for enterprises to augment teams with trusted autonomous AI agents in the flow of work. Customers can build powerful AI agents for any application, workflow, or process, and seamlessly integrate them into existing data systems, business logic, and user interfaces, enabling them to anticipate business needs and take action.

This collaboration between LTM and Salesforce highlights both companies’ commitment to developing joint AI solutions and to building industry-specific, location-agnostic cloud solutions to drive enterprise growth. 

Additional Resources

• Follow LTM on LinkedIn and X
• Follow Salesforce on LinkedIn and X
• Learn more about Salesforce’s Agentforce

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