Archives May 2026

India, May 20 : Andaah, one of India’s emerging brands in the fresh eggs and nutrition segment, has achieved significant growth after securing a minority strategic partnership from Gautam Fatehpuria in the last two years. Founded in 2023 by Gurman Bhatia and Gurvansh Bhatia in Indore, the brand has rapidly expanded its presence across 127 cities in 13 states, and is now aiming to achieve ₹150 crore ARR within the next two quarters of FY27 as it accelerates scale, strengthens operations, and expands its footprint across India.

In the financial year 2025–2026, Andaah witnessed 5x revenue growth compared to the previous year. The company has also maintained EBITDA-positive operations since inception, positioning itself among a new wave of capital-efficient consumer brands in India that are scaling with strong fundamentals.

Built with the objective of providing fresh, nutritious, and high-quality eggs to consumers, Andaah focuses on strict standards of quality, hygiene, reliability, product consistency, and customer satisfaction. Backed by the 40-year legacy of Simran Group, the brand operates through a fully integrated supply chain that enables control from feed production to farm sourcing and distribution. This integrated model allows Andaah to ensure consistency, traceability, quality, and scalability across markets.

In the last two years, the brand’s growth has further been strengthened through its strategic partnership with Gautam Fatehpuria, Founder of Fatehpuria Hygiene Private Limited and a strategic investor in Andaah. Through this partnership, Andaah is leveraging nationwide distribution, warehousing, and fulfillment capabilities to expand across quick commerce, e-commerce, modern retail, and institutional channels.

“This partnership aligns with our vision of building scalable consumer brands through strong supply chain infrastructure. Andaah has demonstrated impressive growth with a strong focus on quality, reliability, and operational efficiency. With rising demand for protein-rich and hygienic food products, we believe the brand is well-positioned to become a category leader in India’s nutrition and fresh food segment,” said Gautam Fatehpuria

“Scaling a fresh food brand requires more than demand; it requires control, consistency, and operational discipline. At Andaah, our integrated supply chain allows us to maintain quality from sourcing to distribution, while ensuring we are able to grow sustainably. As we move towards 260+ cities and our FY30 vision, our aim is to build Andaah as one of India’s most trusted protein-first consumer brands,” said Gurman Bhatia and Gurvansh Bhatia, Founders, Andaah.

Currently active across eight major e-commerce and quick commerce platforms, Andaah continues to benefit from the growing consumer shift towards protein-rich, hygienic, traceable, and convenient food products. With increasing awareness around nutrition and food quality, the brand is building a strong connection with consumers who are looking for fresh and dependable everyday protein options.

Speaking on the company’s growth, the founders of Andaah said,

“Andaah was started with a simple vision to make high-quality, fresh, and nutritious eggs more accessible to Indian consumers. Our growth across 127 cities within two years reflects the trust consumers have placed in us and the strength of our integrated supply chain. As we move forward, our focus remains on quality, consistency, and responsible scale.”

With a clear roadmap for expansion, Andaah plans to scale its presence to over 260 cities, strengthen its logistics and cold-chain network, and deepen its reach across retail and B2B channels. The company is also targeting ₹1,000 crore in revenue by FY30, driven by rising demand in the protein and fresh nutrition category.

Yanis Varoufakis – economist, political thinker, and one of the world’s most outspoken critics of concentrated economic and technological power will headline Web3 Summit 2026 in Berlin. He joins Gavin Wood, co-founder of Ethereum and creator of Polkadot, among the leading voices gathering to advance privacy, self-sovereignty, and the future of user-centric decentralised technology. 

BERLIN, May 20 – Web3 Summit 2026 today announced a wave of headline speakers for its return to Funkhaus Berlin on 18 and 19 June 2026. Billed as a festival for digital freedom, the Summit will bring together leading voices in economics, decentralised infrastructure, platform critique and Web3 culture. 

Organised by the Web 3.0 Technologies Foundation, the Summit will convene artists, founders, technologists, and cultural thinkers to examine how privacy, digital sovereignty and decentralised usability can move from principle to practice. The speaker selection aims to deepen that conversation at a moment when public concern over centralised digital infrastructure, platform power and the erosion of privacy continue to grow. 

Economist and former Greek Finance Minister Yanis Varoufakis, co-founder of Ethereum and creator of Polkadot and Kusama Gavin Wood, will join the Summit’s programme alongside Joan Westenberg, Friedrike Ernst and Amir Taaki, as it explores how technology can be built around people and not platforms. 

“Web3 Summit is not your run-of-the-mill tech conference – it’s a rally for digital freedom, and this year it arrives at a defining moment. Europe is debating chat control and Germany is pushing back against mass scanning of private messages. Surveillance is the default. At a time when platform extraction and dependency define most people’s digital lives, we’re bringing together the critics, builders and pioneers who are actually changing that – not in theory, but in practice.” said Thomas Fecker Boxler, Managing Director of the Web3 Foundation.

Vaourfakis will bring a controversial, political and economic lens to the question of who owns and governs digital systems shaping everyday life. Wood, one of the originators of Web3, will speak to the technical and philosophical foundations of a user-controlled internet. And To ground the programme in Web3 culture and practice, the Summit will also feature Joan Westenberg, writer and technology critic, Friederike Ernst, co-founder of Gnosis, and Amir Taaki, cypherpunk, early Bitcoin developer and privacy-tech pioneer. 

Westenberg offers cultural commentary on platform dependency and what it means to be human online. Ernst connects the Summit’s themes of privacy and self-sovereignty to the practical challenge of making decentralisation usable, drawing on her work across Gnosis Chain, Safe and the broader self-custody ecosystem. Taaki represents Web3’s radical roots: cryptography, free software, and resistance to centralised control, a thread that runs through Berlin’s own history of hacker culture and political experimentation. 

For the first time, Web3 Summit put these voices in the same room – critics of concentrated power, builders of decentralised infrastructure, cultural observers, and cyberpunk pioneers – to confront one of the defining questions of our time: who controls our digital future?

As part of Berlin Blockchain Week, Web3 Summit 2026 will put Web3 values into practice through talks, workshops, activations and open collaboration, with an evolving line-up built around openness, participation and experimentation. That same focus on Web3 values extends to the event’s ticketing: tickets with crypto payment are now available through a newly built ticketing app powered by the Polkadot blockchain.

Programme details and tickets are available at the event website.

Mumbai, May 20: Lunch just got a lot more interesting. Torii has launched an exclusive Lunch Set Menu, bringing its full pan Asian kitchen to the midday table: five courses, each with a curated selection of dishes, served with the same care and intention that has defined its evenings.

Tucked behind an iconic arched doorway, Torii is the kind of restaurant that announces itself before you’ve even walked in. Inside, intimate lighting, immersive interiors, and a quiet hum of energy set the tone for what follows, a dining experience that is as much about the room as it is about the food on the plate

The menu moves through Japanese precision, Thai warmth, and the broader flavours of Southeast Asia, a cohesive meal with a clear point of view, where each course offers a considered selection, making every visit its own.

Highlights span all five courses, each offering a selection that leaves you spoilt for choice. Standouts include the Som Tam Salad with raw papaya, chilli, and cashew nut; the Katsu Chicken Roll with confit garlic, egg salad, and tobiko; the Truffle Edamame Mushi-Gyoza with cream cheese; and mains like Chicken in Chilli Oil and Chilli Bean Shrimp, all served with Garlic Fried Rice or Torii’s Signature Hakka Noodles.

The menu closes on a high with the Gooey Chocolate with choco chip brownie and nutella sauce, the Honey Almond Crunch Sundae with waffle caramel, and the Red Velvet Cake with berry compote and strawberry sorbet.

At Torii, lunch is no longer just a break in the day, it’s an experience meant to be savoured from the very first course to the last spoonful.

What: Lunch Set Menu

Where: Torii, Khar

Significant structural works completed with construction progressing on target for Q4 2027 opening

Ras Al Khaimah, May 20: Major structural works have been completed at Ras Al Khaimah’s first luxury Grade A office complex, RAK Central Square, with construction progressing in line with the delivery programme. The development will deliver 2.27 million sq ft of high-quality workspace across five buildings, providing modern, flexible floors designed for tier-one businesses.

Superstructure works remain on schedule and are expected to top out (reach full structural height) in Q4 2026, marking a key milestone toward the planned Q4 2027 opening. This construction progress aligns with rising demand for premium Grade A office space in Ras Al Khaimah among regional and international businesses.

RAK Central Square will bring a new generation of Grade A office space to Ras Al Khaimah, featuring large, efficient floorplates of around 16,000 sq ft, modern building systems and high-specification workspace for international companies. The five-building development is designed to meet tier-one occupier requirements, supported by F&B and retail offerings, and a LEED Gold certified design.

Arch Abdulla Al Abdouli, Group CEO of Marjan, said: “RAK Central Square embodies our vision for a new generation of high-quality, Grade A office space in Ras Al Khaimah. It will sit at the heart of RAK Central, a community that integrates regional and international corporates, lifestyle and hospitality to create a future-ready centre. As we deliver this landmark project, we are laying the groundwork for a city that competes on a global stage, attracts world-class companies, enhances livability and supports the emirate’s long-term growth ambitions.”

As part of the wider RAK Central masterplan, the complex is being developed as a mixed-use destination combining Grade A offices with residential, hospitality and retail components in a connected, walkable environment. This growth is supported by new hospitality and residential developments that expand accommodation and amenity capacity for corporate tenants and visiting delegations. Recent announcements include the Radisson Blu Hotel and Radisson Blu Residences by BNW Developments, alongside projects such as One RAK Central by Pantheon Development, Colibri Views by Major Development and Juna by Dara Development.

Ramy Jallad, Group CEO of Ras Al Khaimah Economic Zone (RAKEZ), said: “RAK Central Square is a critical step in addressing the growing demand for prime office space in Ras Al Khaimah. As investor activity accelerates and more regional and international companies look to establish a presence in the emirate, developments like this will play a central role in supporting business growth and strengthening Ras Al Khaimah’s position as a competitive investment destination. This momentum comes as the emirate continues to attract significant investment across tourism, hospitality, and industry, driving increased demand for premium commercial infrastructure.”

 RAK Central offers direct access to key destinations across the emirate, including Al Hamra Golf Course, Al Hamra Mall, The Ritz-Carlton Al Hamra Beach and Wynn Al Marjan Island. The complex is also well connected to regional and international gateways such as Ras Al Khaimah International Airport and Dubai International Airport, aligning with the emirate’s broader economic and tourism ambitions, including its target of attracting 3.5 million visitors annually by 2030.

Bengaluru, May 20:  Ecoscapes Landscaping has announced its association with the upcoming Taj Hampi project, a luxury hospitality destination spread across approximately 11 acres in Hampi, Karnataka. The project’s landscape vision is inspired by the geography, ecology, and cultural heritage of the Vijayanagara Kingdom, with nearly 2.5 acres dedicated to immersive and sustainability-led landscape design.

The project is being developed under the Taj brand by Indian Hotels Company Limited, with acclaimed architect Shimul Javeri Kadri of SJK Architects leading the architectural vision and Prasad Deshpande of Dhruv Desh Ventures representing the promoter side. International landscape architect John Pettigrew is also actively associated with Ecoscapes Landscaping, bringing global hospitality landscape expertise from projects across the world.

Inspired by Hampi’s historic landscapes and water systems, the project incorporates a central Kalyani/Kund-inspired water feature, floating stepping stones, native vegetation, natural granite finishes, and reused site boulders. The landscape strategy focuses on native and climate-responsive species such as Neem, Kadamba, Agaves, cactus varieties, and fountain grasses to create a sustainable and low-maintenance environment.

With sustainability at its core, the project integrates water-efficient irrigation systems, local craftsmanship, and ecologically sensitive planning to create a hospitality experience deeply rooted in the cultural and natural identity of Hampi.

Commenting on the project, Suraj Nayak, Founder & MD, Ecoscapes Landscaping, said:

“Landscaping today goes far beyond aesthetics, it is about creating environments that are contextual, sustainable, and emotionally connected to the land. At Taj Hampi, our vision was to create a landscape experience that feels deeply rooted in the region’s ecology and cultural history while delivering a contemporary luxury hospitality experience. Every design decision, from the water systems and native planting palette to the reuse of natural boulders, has been guided by the intent to preserve the site’s natural identity and create a timeless sense of place.”

John Pettigrew, Principal Landscape Architect, Ecoscape Landscaping, added:

“Hampi possesses a uniquely powerful landscape character shaped by its terrain, stone formations, and historical water systems. Our approach was to work with the site as naturally as possible by integrating local materials, native planting, and layered outdoor experiences that feel authentic to the region. The objective was not just to create a visually striking landscape, but to craft an immersive environment that reflects the spirit and ecological sensitivity of the place.” 

Shimul Javeri Kadri, Principal Architect, SJK Architects, Mumbai, said:

“The architectural and landscape language of Taj Hampi has been envisioned as an extension of the site’s natural and historical context. The collaboration with Ecoscapes has helped shape outdoor spaces that are sensitive to Hampi’s terrain, materiality, and cultural memory while creating a seamless hospitality experience integrated with nature.”

Prasad Deshpande, Owner, Dhruv Desh Ventures, added:

 “Taj Hampi has been conceptualised as a destination that celebrates the richness of Hampi’s heritage while offering a world-class luxury experience. The landscape plays a critical role in shaping that identity, and the focus on sustainability, native ecology, and local craftsmanship aligns strongly with our long-term vision for the project.”

With hospitality increasingly embracing sustainability-led and experience-driven design, the Taj Hampi project reflects the growing importance of landscape architecture in creating immersive destinations that balance luxury, ecology, and cultural authenticity.

Chennai,  May 20 : AU Small Finance Bank India’s largest Small Finance Bank and the first in over a decade to receive in-principle approval to transition into a Universal Bank, today announced its collaboration with Intellect Design Arena, a global leader in AI-First, enterprise-grade financial technology, adopting its Purple Fabric platform, the world’s first Open Business Impact AI platform. Through this collaboration, AU SFB aims to accelerate its journey towards becoming an AI-first bank and build a scalable, technology-led banking franchise powered by enterprise-wide intelligence.

This engagement marks a defining milestone in the adoption of enterprise AI in Indian banking, bringing together AU SFB’s AI-first ambition and Intellect’s AI-first banking capabilities to deliver enterprise-wide intelligence at scale. It also reflects Intellect’s commitment to leveraging First Principles Thinking and Design Thinking to reimagine enterprise AI and drive scalable, outcome-driven transformation.

With a wide network of over 2,790 banking touchpoints across 21 States and 4 Union Territories, covering over 1.2 crore customers, AU SFB is reimagining banking by embedding intelligence across customer journeys, operations, and decision-making. To realize this vision, the Bank sought scalable and flexible AI architecture capable of going beyond ecosystem constraints and enabling domain-driven innovation at scale.

By choosing Purple Fabric as its enterprise AI foundation, AU SFB is establishing a scalable platform for enterprise-wide AI, built on model flexibility, domain-driven intelligence, and seamless integration with existing ecosystems to modernize its commercial banking offering. To accelerate this journey and deliver early business impact, the Bank will also leverage PF Credit agents – AI-powered decision engines that can analyse customer data in real time, automate credit assessments, and enable faster, more consistent lending decisions.

Purple Fabric enables AU Small Finance Bank to:

• Build and scale domain-specific AI agents across business functions
• Leverage a multi-model LLM Hub with freedom of model choice
• Process and operationalize unstructured data at enterprise scale
• Seamlessly integrate with existing technological ecosystems
• Architect a future-ready, cost-efficient AI foundation

By combining a strong AI platform with targeted digital experts such as PF Credit, AU SFB is taking a structured and scalable approach to building an AI-first enterprise.

Sanjay Agarwal, Founder, MD & CEO, AU Small Finance Bank, said,

“At AU, our vision is to become an AI-first bank by embedding intelligence into every layer of our business and operations. We were looking for a solution that goes beyond conventional AI and enables domain-led innovation at scale. Intellect’s Purple Fabric platform gives us the flexibility and scale to bring this vision to life – helping us make faster decisions, strengthen risk assessment, and deliver more personalized experiences to our customers.”

Ramanan SV, CEO-India & South Asia, Intellect Design Arena, said,

 “The real challenge in enterprise AI is not experimentation, but scaling it into everyday business operations with consistency and measurable business impact. Purple Fabric is designed to address this by providing a scalable foundation that brings together model flexibility, domain-driven intelligence, and enterprise-grade data orchestration. With AU Small Finance Bank, we are enabling a structured approach to AI adoption, where the platform establishes the foundation and use cases such as PF Credit accelerate the shift towards intelligent, data-driven decisioning.”

Chennai, May 20: TSF Investments Limited (“TSF Investments”) has registered a consolidated net profit of ₹530.21 crores for the year ended 31st March 2026, which includes gain of ₹40.99 crores from fair valuation of previously held equity interest in Axles India Limited on account of business combination, as compared to ₹412.09 crores registered in the previous financial year, resulting in an increase of 28.66%

The increase in consolidated net profit is partly because of Axles India Limited, becoming a subsidiary during the year on account of TSF group acquiring shares held by Dana Global Products Inc. for a consideration of ₹365.37 crores.

TSF Investments operates as a core investment company, investing in a portfolio of automotive businesses including foundries and manufacturers of wheels, brakes, turbo chargers, axles and distribution of spare parts. As a result, dividend from portfolio companies forms a substantial part of the financial results. Dividend received from portfolio companies is ₹207.67 crores for the year ended 31stMarch 2026.

Name change:

Reflecting the consolidation of the T.S. Santhanam Family group, Sundaram Finance Holdings Limited has been renamed TSF Investments Limited with effect from 23rdSeptember 2025. This change reaffirms the group’s strategic alignment and century-old legacy.

Dividend:

The Board of Directors have recommended a final dividend of ₹4.45/- per share (89%) for FY 25-26. This together with the Interim Dividend of ₹6.70/- per share (134%) paid during February 2026 aggregates to a total dividend of ₹11.15/- per share (223%) for the F.Y. 25-26.

Dis-investments:

As part of the company’s strategy to exit from non – core investments and invest the proceeds in the core investments in group companies, the company had during the financial year 2025 -26 exited the following investments,

1.TVS Holdings Limited (partial exit)

2.Fettle Tone LLP (partial exit) 

3.Sundaram Composite Structures Private Limited

The realized gain (net of tax) from the exit of these investments was ₹461.18 crores which was transferred from OCI to retained earnings.

TSF: A Century of Legacy

TSF Group represents the T. S. Santhanam family’s businesses, with its heritage dating back to 1911. The group traces its lineage to the erstwhile T. V. Sundram Iyengar & Sons, under the leadership of Late Shri T. S. Santhanam, a pioneer of India’s non-banking financial services industry. TSF Group carved out its independent identity consequent to the partition of TVS Group.  

The journey began with the acquisition of Madras Auto Service (MAS) in 1936, followed by the founding of Sundaram Finance and India Motor Parts & Accessories Ltd. (IMPAL) in 1954. Over the decades, the group diversified into manufacturing through companies such as Brakes India and Wheels India, building a strong presence across automotive components, distribution, car dealerships, and financial services. With more than ₹30,000 crore in revenues, a ₹3,556 crore bottom line, over 42,000 employees, 1,200+ branches, and 36 factories, TSF Group is a trusted partner for marquee customers across India, North America, Europe, and Asia Pacific.