Archives 2026

Pennant Technologies Recognised as a Representative Vendor in the 2025 Gartner® Market Guide for Commercial Loan Origination Solutions

Business Wire India

Pennant Technologies, an agile and innovative financial technology company, today announced that it has been recognised as a Representative Vendor in the 2025 Gartner® Market Guide for Commercial Loan Origination Solutions. This marks the third consecutive year Pennant has been featured in Gartner Market Guide research. According to Pennant, the recognition reflects the company’s increasing relevance in the evolving commercial lending technology landscape.

Gartner defines commercial loan origination solutions (CLOSs) as software applications that enable lending institutions to manage the end-to-end process of opening lending products, from application through underwriting and closing, for businesses of different sizes. They are typically offered as SaaS solutions (private cloud, public cloud or hybrid) or on-premises.

Pennant’s Loan Origination System (LOS), pennApps Lending Factory, is designed to support financial institutions across greenfield deployments, modernisation programs, legacy replacement initiatives, and large-scale cloud migrations, offering a cloud-agnostic, highly configurable platform that accelerates digital onboarding, underwriting, credit decisioning, and disbursement across commercial, SME, consumer, mortgage, fintech, and corporate lending products.

Gartner notes in its research, “CLOSs will continue prioritizing advanced technologies (such as IDP, generative AI [GenAI], AI agents and cloud-native architecture) as well as APIs, improved low-code/no code tools (for easier workflow configuration), automated financial spreading and document management. Bank CIOs will demand faster, more efficient loan processing, effective credit risk assessment supported by advanced analytics and AI, flexibility and scalability, seamless integrations, and an optimal and adaptable user experience.”

What differentiates Pennant in the AI era is its loan origination system’s integration with pennApps Agentic AI Studio, a lending-native agentic AI layer that embeds intelligent agents into core lending workflows. These agents augment human expertise with real-time document intelligence, adaptive risk insights, and explainable decision support, spanning KYC, underwriting, servicing, and collections.

Rather than relying on rigid automation, Pennant’s agentic AI enables context-aware reasoning, outcome-driven execution, and continuous learning, helping financial institutions reduce processing times, improve operational resilience during large-scale transitions, and enhance compliance and decision quality as systems scale. Importantly, institutions retain full control over policies, models, and risk frameworks, supporting trust and transparency as AI adoption matures.

“Being recognised by Gartner for the third consecutive year is a strong affirmation of Pennant’s vision to reimagine commercial lending through intelligent, flexible, and future-ready technology,” said Sireesh Patnaik, Chief Product & Technology Officer (CPTO), Pennant Technologies. “As financial institutions navigate increasing complexity and demand for speed, our pennApps Lending Factory, powered by configurable workflows and augmented by agentic AI through pennApps Agentic AI Studio, enables them to move beyond automation to truly intelligent, outcome-driven lending. This recognition underscores our continued focus on helping financial institutions modernise loan origination, enhance risk and compliance, and deliver superior customer experiences at scale.”

With a strong and proven track record of successful implementations across leading financial institutions, Pennant supports complex, large-scale lending transformation initiatives with an emphasis on phased execution and risk-managed change. Its robust integration frameworks, enterprise-grade architecture, and continuous platform evolution help financial institutions build long-term digital resilience while adapting to regulatory change and rapid advances in AI-driven innovation.

Gartner Report, Market Guide for Commercial Loan Origination Solutions, By Derek Frost, December 2025.

Gartner is a trademark of Gartner, Inc. and/or its affiliates.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Kauvery Group Launches Dedicated GI Bleed Centres Across Tamil Nadu

Chennai, Mar 02: Kauvery Group of Hospitals has launched dedicated GI Bleed Centres across all its hospitals in Tamil Nadu to provide timely evaluation, coordinated care, and comprehensive management of Gastrointestinal (GI) bleeding, a common medical emergency marked by internal bleeding within the digestive tract.

Kauvery Group Launches Dedicated GI Bleed Centres Across Tamil Nadu

 These centres will also be operational in the group’s hospitals in Karnataka. With 12 units across the two states, the initiative ensures patients have access to specialised, multidisciplinary care closer to home.

These centres bring together emergency physicians, gastroenterologists, intensivists, interventional radiologists, and surgeons under a coordinated care model. From arrival in the emergency department through risk assessment, ICU or ward admission, endoscopic or radiological intervention, and structured discharge planning, patients are managed along a clearly defined clinical pathway.

The centres are equipped with 24/7 emergency endoscopy services and advanced therapeutic endoscopic techniques, including injection therapy, band ligation, glue therapy, and coil embolisation. Interventional radiology support for angiographic embolisation, along with surgical expertise for complex cases, is available whenever required.

Speaking at the launch, Dr. P. Basumani, Director, Kauvery Institute of Digestive Sciences, said:

“GI bleeding can result from ulcers, gastric erosions, or variceal bleeds linked to liver disease. Effective management depends on early assessment, stabilisation, accurate diagnosis, and timely intervention, as delays can be life-threatening. It requires a systematic, well-coordinated approach. At the Kauvery GI Bleed Centre, we have streamlined evidence-based protocols to ensure timely care at every stage. What truly makes a difference is teamwork – with multiple departments working seamlessly to deliver coordinated, patient-centred care.”

Highlighting the vision behind the initiative, Dr. Aravindan Selvaraj, Co-Founder and Executive Director of Kauvery Group of Hospitals, said:

“Access to timely, specialised care is critical in managing medical emergencies. With Kauvery Hospitals across Tamil Nadu and Karnataka, we are bringing advanced GI bleed management closer to the communities we serve. Our goal is to standardise protocols across all units to ensure consistent quality, safety, and patient outcomes, regardless of location. This initiative underscores our ongoing commitment to strengthening emergency and critical care services.”

Bengal Business Accelerator Programme Cohort 2 Concludes with Demo Day; 25 Startups Emerge Investment-Ready

Bengal Business Accelerator Programme Cohort 2 Concludes with Demo Day; 25 Startups Emerge Investment-Ready

Kolkata, March 02: IIM Calcutta Innovation Park (IIMCIP) today announced the successful conclusion of the Bengal Business Accelerator Programme – Cohort 2, marked by a high-impact Demo Day and Valedictory Ceremony held at the Indian Institute of Management Calcutta campus. A Government of West Bengal initiative implemented in collaboration with IIMCIP and supported under the World Bank-aided RAMP Scheme, the programme is designed to bridge the gap between Bengal’s early-stage ventures and investment readiness. The cohort concluded with 25 high-potential startups positioned for their next phase of growth

The Demo Day featured intensive pitch sessions with leading investors, bankers, and entrepreneurs, enabling startups to receive strategic feedback and initiate early investment discussions. At the Valedictory Ceremony, participating startups were awarded certificates of recognition by the Government of West Bengal and IIMCIP, in the presence of senior dignitaries and ecosystem stakeholders.

The Bengal Business Accelerator Programme is a structured acceleration initiative offering early-stage startups targeted mentoring, market validation support, and direct access to capital networks, helping founders move from concept validation to investor readiness within a defined timeframe.

“Our objective with the Bengal Business Accelerator Programme goes beyond teaching business fundamentals, it is about building a comprehensive support system that enables ventures to strengthen their business models, access new markets, and connect with the right investors,” said Dr. VK Rai, CEO, IIM Calcutta Innovation Park. “The significant strides made by Cohort 2 companies reflect both the founders’ dedication and Bengal’s maturing entrepreneurial environment, which continues to reinforce the state’s broader business ecosystem.”

Special Secretary, MSME & T Department, Government of West Bengalsaid, “Bengal has always been a land of visionaries and pioneers. Through the Bengal Business Accelerator Programme, the Government is reaffirming its commitment to reclaim the state’s rich entrepreneurial legacy, empowering promising enterprises with the resources, networks, and guidance they need to drive sustainable socio-economic growth. Our partnership with IIMCIP reflects our belief that institutional collaboration is key to building an innovation-driven future.”

With 25 startups now positioned for investor engagement and scale, the conclusion of Cohort 2 reinforces IIMCIP’s role as a key institutional catalyst for entrepreneurship in India, while advancing West Bengal’s long term vision of a resilient, innovation-led economy.

ECL participates in Parivartanpath 2026: National Leaders Converge at 45th Cost Conference to Redefine Total Cost Management in a Tech-Driven Financial Era

ECL participates in Parivartanpath 2026: National Leaders Converge at 45th Cost Conference to Redefine Total Cost Management in a Tech-Driven Financial Era

The 45th Cost Conference 2026, themed “Parivartanpath: Navigating Change – Total Cost Management, Technology & Finance Transforming Insights,” commenced at Asansol, bringing together any eminent congregation of financial strategists, industry leaders, regulators and Cost and Management Accounting (CMA) professionals from across the country. The conference is being organised by ICMAI – Eastern India Regional Council.

 
The conference was graced by Shri Satish Jha, Chairman-cum-Managing Director of Eastern Coalfields Limited, in the august presence of Md. Anzar Alam, Director (Finance), Eastern Coalfields Limited. Their presence underscored the strategic importance of integrated cost management and financial innovation in strengthening India’s industrial and energy sectors. Besides Shri TCA Srinivasa Prasad, President-ICMAI, Smt. Arati Ganguly, Chairman – EIRC, Shri Subrato Banerjee, Chairman – ICMAI, Asansol Chapter and Shri Rambabu Pathak, Company Secretary, ECL and Principal, ICMAI – Asansol Chapter also graced the event.
Designed as a high-impact knowledge platform, the conference focused on equipping professionals in strategic and leadership roles with contemporary tools, insights and best practices to navigate an increasingly dynamic business environment shaped by technological disruption and regulatory evolution.
 
The technical sessions addressed critical themes central to modern enterprise management, including: Cost Management for Strategic Growth – Optimization frameworks and data-driven decision-making for sustainable value creation; Next-Gen Accounting & Reporting – Evolving standards, transparency mechanisms, and global best practices in financial governance; and Empowering Communities – The expanding role of CMAs in GST 2.0, FinTech innovation, automation and data-driven finance ecosystems.
 
In addition, the conference featured a dedicated CMA Leaders’ Meet and Advisory Meet, fostering strategic dialogue on emerging industry challenges and future-ready financial leadership. These engagements provided actionable perspectives from seasoned industry experts and policy influencers.
 
The event witnessed robust participation from corporate representatives nationwide, business leaders, industry associations, government departments, regulators, industrial houses, CMA professionals, allied professional bodies, as well as banks and financial institutions. The diversity of stakeholders enriched the deliberations, enabling cross-sectoral knowledge exchange and collaborative learning.
 
With eminent panellists of national repute, the conference facilitated meaningful discourse, practical insights, and forward-looking strategies aimed at enhancing organizational resilience and competitiveness.
 
To commemorate the occasion, a Conference Souvenir featuring scholarly articles and thought leadership contributions from distinguished resource persons was formally released, encapsulating the intellectual essence of the deliberations.
 
The 45th Cost Conference 2026 stands as a testament to the profession’s evolving mandate—driving transparency, technological integration, and strategic financial stewardship in an era defined by transformation.

Airbnb Supports Eight Indian Nonprofits Through the 2026 Airbnb Community Fund

Airbnb Supports Eight Indian Nonprofits Through the 2026 Airbnb Community Fund

Bengaluru, March 02: Airbnb today announced the latest recipients of Airbnb Community Fund donations, including eight nonprofit organizations across India that are driving meaningful change across communities.

Launched in 2020, the Airbnb Community Fund is a $100 million USD initiative designed to support local communities and the people who live there. This year, Airbnb donated nearly $10 million USD to nonprofits globally, supporting organizations working to strengthen communities around the world.

Airbnb hosts are deeply connected to their communities, and each year we proudly partner with the host community to identify important issues and many of the nonprofit organizations that will receive donations. Globally, Host Advisory Board members helped select economic empowerment, sustainable and rural tourism, environmental sustainability, and ending abuse and exploitation as focus areas for this year’s donations. They also reviewed nominations in their regions, bringing host perspective to every decision.

Amanpreet Bajaj, Country Head, Airbnb India and Southeast Asia, said, “Community is at the heart of everything we do at Airbnb. Through the Airbnb Community Fund, we are proud to support organizations across India that are creating sustainable opportunity and building resilience at the grassroots level. These nonprofits are addressing some of the most critical challenges facing local communities today from livelihoods and education to sustainability and protection for vulnerable groups, and we are honored to support their work alongside our host community.”

Airbnb Community Fund Recipients in India

The nonprofit organizations receiving donations in India are:-

  • Goonj, supporting community-led development and empowering livelihoods with dignity across urban and rural India.
  • Forum for Integrated Development and Research, empowering rural and marginalized communities in Goa through sustainable livelihood and youth entrepreneurship initiatives.
  • Access Development Services, supporting female entrepreneurs’ incomes through community-based tourism programs including homestays and craft enterprises, as well as promoting support for women’s entrepreneurship.
  • Keystone Foundation, working with Indigenous and marginalized communities to build sustainable livelihoods through eco-tourism and craft-based micro-enterprises .
  • Stree Mukti Snaghatana, advancing gender justice for female waste pickers through education, promoting mental health, and supporting women facing violence.
  • Aasman Foundation, enabling students from underserved communities to transition successfully into higher education and skill pathways.
  • Protsahan India Foundation, supporting adolescent girls impacted by violence and exploitation through trauma-informed care, rehabilitation, and education.
  • Navgurukul Foundation for Social Welfare, offering affordable, high-quality education and holistic support to at-risk youth. 

Vipin Sharma, CEO, ACCESS Development Services, said, “Airbnb’s support will help expand women’s entrepreneurship and community-based tourism initiatives, helping us mentor women from low-income households to strengthen decision-making, build sustainable livelihoods rooted in their local contexts, and expand their incomes.”

Siddhant Vernekar, Director, Forum for Integrated Development and Research, “With growing interest in Goa’s hinterlands as tourism destinations, we aim to nurture tourism-linked enterprises that can meaningfully contribute to local economic growth, while also protecting their natural surroundings. By acting early and investing in people, not just projects, we envision a new generation of rural leaders — especially women from Goa’s rural and tribal regions — who will lead the holistic development of their villages where livelihood and sustainability thrive together.”

Anshu Gupta, Founder, Goonj, shared, “This support recognises the power of communities to shape their own futures, with dignity and local wisdom at the center. It will go a long way to sustain and strengthen our work building deeper connections and respect between urban and rural communities across India.”

The Airbnb Community Fund in action : To date, more than 640 organizations in nearly 70 countries have benefited from the Airbnb Community Fund, with hosts providing input each year. To learn more about the Airbnb Community Fund and this year’s recipients, please visit the Airbnb Community Fund website.

The 2025-2026 Airbnb Community Fund donations will be distributed from November 2025 through March 2026. Airbnb works with grantmaking partners including Goodstack to support due diligence and facilitate payment to many non-profit recipients.

Tanvi Palshikar Joins JW Marriott Goa as Pastry Chef, Bringing Design-Led Creativity to Desserts

Goa, Mar 02: JW Marriott Goa is delighted to announce the appointment of Tanvi Palshikar as Pastry Chef, marking a remarkable journey from interior designer to culinary visionary. Tanvi’s transition from spatial design to the art of pastry highlights her creativity, precision, and dedication to craft, making her an ideal fit for the resort’s award-winning culinary team.

Tanvi Palshikar Joins JW Marriott Goa as Pastry Chef, Bringing Design-Led Creativity to Desserts

 With over a decade of experience, Tanvi has led pastry operations at JW Marriott Pune and other hospitality ventures, excelling in menu planning, dessert R&D, large-format banquets, and mentoring talent. Her signature creations, including the fully edible ‘Paithani Saree’ cake, have received national and regional acclaim, with features on BBC Marathi and History TV18. Recognized as a Leading Lady Chef within Marriott International, she has also completed specialized training through the Lavonne × Marriott collaboration.

At JW Marriott Goa, Tanvi will lead the pastry team, crafting elevated dessert experiences that combine refined flavors with artistic presentation. Guests can look forward to personalized celebration cakes, bespoke pastries, and a reimagined dessert philosophy rooted in creativity, consistency, and craftsmanship.

Her expertise spans cakes, pastries, entremets, petite gâteaux, chocolate work, and custom confectionery design. Inspired by travel, sketching, and art, Tanvi infuses her desserts with a sense of color, texture, and storytelling, elevating every culinary creation into an experience.

Tanvi Palshikar’s arrival reinforces JW Marriott Goa’s commitment to innovation, excellence, and a memorable culinary journey for every guest.

Radisson Hotel Group strengthens presence in Madhya Pradesh with the opening of Park Inn by Radisson Jabalpur

Radisson Hotel Group strengthens presence in Madhya Pradesh with the opening of Park Inn by Radisson Jabalpur

Radisson Hotel Group continues to expand its footprint in Madhya Pradesh with the opening of Park Inn by Radisson Jabalpur. With a growing portfolio across key cities in the state, RHG is deepening its reach in central India’s high-potential markets. The new hotel reflects its focus on bringing internationally benchmarked hospitality to emerging tier-2 and tier-3 destinations, catering to both business and leisure travelers. 

Strategic Location with Strong Regional Connectivity

Strategically located opposite Bargi Hills Colony, the hotel offers convenient access to the city’s key landmarks and transport hubs. Situated approximately 30 minutes from Jabalpur Airport, the property ensures seamless connectivity for domestic travellers. Guests can explore nearby attractions such as Tilwara Ghat and Pisan Hari ki Madiya Jain Temple, while the hotel also serves as a gateway to renowned wildlife destinations including Kanha, Pench, and Bandhavgarh national parks, all within a three- to five-hour drive. 

Strengthening Presence in Central India

“With the opening of Park Inn by Radisson Jabalpur, we are strengthening our presence in central India and responding to the rising demand for quality hospitality in fast-growing cities like Jabalpur. The city is witnessing steady growth across business, social celebrations, and leisure travel, supported by improving infrastructure and connectivity. The Park Inn by Radisson brand is particularly well-suited for such a market, offering globally benchmarked hospitality experiences with strong local relevance. We are confident that it will become a preferred choice for travelers seeking contemporary comfort and seamless service,” said Nikhil Sharma, Managing Director and COO, South Asia, Radisson Hotel Group. 

Contemporary Stay and Dining Experiences

The hotel features 107 well-appointed rooms and suites designed with contemporary interiors and modern comforts to cater to both business and leisure travellers. Guests can enjoy all-day dining at RBG, the brand’s signature restaurant serving a curated mix of local and international cuisine. 

Positioned as a leading venue for weddings, conferences, and social gatherings, the hotel offers versatile banquet and meeting spaces, including indoor halls and an outdoor lawn. Additional facilities include a fully equipped fitness centre and an infinity swimming pool, providing guests with opportunities to relax and unwind. 

Shaping Strong Partnerships

“We are proud to partner with Radisson Hotel Group to introduce Park Inn by Radisson to Jabalpur. This development reflects our long-term vision of contributing to the city’s growth by introducing high-quality hospitality infrastructure that meets international standards. With the spaces designed to support large-scale weddings and MICE events, along with contemporary accommodations for modern travellers, we believe the hotel will play a significant role in elevating Jabalpur as a destination for both social and business gatherings,” said Mahesh Kemtani, Managing Director, Kemtani Projects Private Limited. 

“We are thrilled to open Park Inn by Radisson Jabalpur and offer guests a welcoming and refreshing hospitality experience. Our team is committed to delivering thoughtful service, comfortable stays, and memorable moments for every guest who walks through our doors,” said Santosh Pandey, General Manager, Park Inn by Radisson Jabalpur. 

Radisson Hotel Group continues to command a leading presence in the Indian market and is one of the country’s largest international hotel operators with over 200 hotels in operation and development. It continues to be the largest hotel operator in a tier-1 market like Delhi NCR, while over 50% of its portfolio is in tier-2 and 3 markets. The Group has successfully introduced various brands to the growing Indian market, including Radisson Collection, Radisson Blu, RadissonRadisson RED, Park Inn by RadissonPark Plaza, and Radisson Individuals and its extension Radisson Individuals Retreats.

RSS Chief Mohan Bhagwat to inaugurate Jaisalmer’s Chadar Mahotsav; 10.8 million Devotees Worldwide to Recite Collective DadaGuru Ektisa Path on March 7

RSS Chief Mohan Bhagwat to inaugurate Jaisalmer’s Chadar Mahotsav; 10.8 million Devotees Worldwide to Recite Collective DadaGuru Ektisa Path on March 7

Kolkata, March 02: A three-day Chadar Mahotsav and DadaGuru Ektisa Path will be organized from March 6 to 8, 2026, in Jaisalmer, Rajasthan. Preparations at the Mahotsav venue in Jaisalmer are in full swing. The three-day programme will be inaugurated by RSS Chief Mohan Bhagwat.

The special highlight of the programme will be the historic Mahasankalp on March 7, when (1 Crore 8 Lakh) devotees across the world will collectively recite the DadaGuru Ektisa Path simultaneously. The programme is being organized under the aegis of Dada Gurudev Shri Jindattsuri Chadar Mahotsav Samiti. Representatives from Rashtriya Swayamsevak Sangh, Vishwa Hindu Parishad, Hindu Adhyatmik evam Seva Sansthan, Vidya Bharati, and several social and cultural organizations will participate in the event.

The programme will be conducted in the pavan nishra of Gachchhadhipati Acharya Shri Maniprabh Suri Ji. The inspirational force behind this grand Mahotsav is Pujya Acharya Shri Jinmanojna Sagar Ji. The Chairman of Chadar Mahotsav Samiti is Maharashtra Government Minister Mangal Prabhat Lodha, and the Convener is former JITO Chairman Tejraj Golecha. Nearly 400 saints representing various Indian traditions will be present at the Mahotsav. Around 20,000 devotees are expected to attend the three-day programme.

First-ever Vidhi-Vidhan Abhishek after 871 Years

According to Chadar Mahotsav Samiti Chairman Mangal Prabhat Lodha, this campaign is not merely a religious ritual but a global movement of faith, unity, and spiritual awakening. At the designated time, devotees across cities in India and abroad will simultaneously perform the DadaGuru Ektisa Path, creating a collective spiritual resonance worldwide.

Under the inspiration of Pujya Acharya Shri Jinmanojna Sagar Ji, this initiative is taking the form of a global spiritual movement. During the Dada Gurudev Shri Jindattsuri Chadar Mahotsav, the Chadar will undergo a vidhi-vidhan Abhishek for the first time in 871 years. Prior to this, the Chadar will be brought from Jaisalmer Fort to the Mahotsav venue in a grand Varghoda procession. On March 8, Upadhyay Mahendrasagar Maharaj will be conferred with the Acharya Pad.

Devotees from Across the World to Join the Collective DadaGuru Ektisa Path

National Chairman of the DadaGuru Ektisa programme, Prakash Chandra Lodha, stated that the central highlight of the three-day Chadar Mahotsav, being held from March 6 to 8, 2026, in the pavan nishra of Gachchhadhipati Acharya Shri Jinmaniprabha Suri Ji, will be the historic Mahasankalp on March 7, 2026.

At the designated time, 10.8 million devotees worldwide will recite the DadaGuru Ektisa Path together, generating a powerful wave of spiritual energy at the global level. 

Key Programmes Over Three Days

On March 6, the first day of Chadar Mahotsav in Jaisalmer, the Mahotsav will commence with the Mangal Pravesh of Gachchhadhipati Shri, Acharyas, Upadhyays, and Bhagwants. During the subsequent Dharma Sabha, RSS Sarsanghchalak Mohan Rao Bhagwat will be present. On this occasion, the Chadar Ceremony coin and a Special Postal Stamp will be released. In the evening, for the first time, a live theatrical presentation based on the life of Dada Gurudev will be staged.

On March 7, a Chadar Varghoda will proceed from Jaisalmer Fort. Following this, 10.8 million devotees worldwide will perform the DadaGuru Ektisa Path. In the afternoon, the Chadar Abhishek and Puja will take place. During the cultural evening, renowned musicians will present devotional performances at the Bhakti Mahotsav.

On March 8, Upadhyay Mahendrasagar Maharaj will be conferred with the Acharya Pad, along with the Ganini Pad ceremony. On the same day, Chadar Ok, Jal, and Vasakshep will be distributed.

Massive Dome Tents Under Preparation for a Month

Mahendra Singh Bhansali, President of Jaisalmer Jain Trust, stated that preparations for this historic programme of the Jain community are underway at Dedansar Ground, where massive dome tents have been under construction for the past month. Additionally, a museum is being developed at the venue. Around 20,000 devotees of DadaGuru Jindattsuri from across India and abroad are expected to arrive in Jaisalmer for this occasion. Notably, Jaisalmer district holds immense religious significance for the Jain community.

Sacred Chadar: A Centre of Unwavering Faith

According to Organizing Committee Secretary Padam Tatia, the first DadaGuru, Acharya Shri Jindattsuri, is regarded as a great spiritual Acharya of the 11th century. As per tradition, his Agni-Sanskar was performed on land granted by King Arnoraj in Ajmer. It is believed that during the Agni-Sanskar, the Chadar did not burn — an extraordinary and divine occurrence that remains a symbol of unwavering faith for devotees even today.

Historical references suggest that approximately one and a half centuries ago, the Maharawal of Jaisalmer had this Chadar brought from Anhilpur Patan to mitigate a devastating epidemic. Presently, the Chadar is preserved at Shri Jinbhadra Suri Gyan Bhandar located within Jaisalmer Fort. The Chadar Mahotsav is organized based on this sacred tradition.

Two-Day National Vidwat Sangoshthi

On March 7 and 8, 2026, a National Vidwat Sangoshthi will be organized on the theme: “Bharat ki Sanskritik Ekta, Samajik Sadbhav evam Samrasta mein DadaGuru Parampara ka Yogdan.”

Jodhpur University, Rajasthan University, Prakrit Bharati Sansthan, and the Centre for Society and Culture Studies, among other prestigious academic institutions, will participate as Knowledge Partners. Eminent Acharyas, Jain Sadhus and Sadhvis, and subject experts will be present during the Sangoshthi.

Quectel Expands Mid-tier 5G Portfolio with New RedCap 3GPP Release 17 Variants

Business Wire India

Quectel Wireless Solutions, a global end-to-end IoT solutions provider, today announces the expansion of its 5G RedCap portfolio with the launch of the RM255C-GL for global markets and the RG255C-NA for the North America market, further strengthening its mid-tier 5G offering for worldwide deployments.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260301754857/en/

 

Quectel expands mid-tier 5G portfolio with new RedCap 3GPP release 17 variants

Quectel expands mid-tier 5G portfolio with new RedCap 3GPP release 17 variants

As 5G expands further into industrial and IoT domains, the need for solutions that combine strong performance with cost efficiency is becoming increasingly critical. Positioned between high-speed eMBB and narrowband NB-IoT, 5G RedCap (Reduced Capability) has emerged as the ideal technology to address this mid-tier connectivity gap. With a comprehensive product portfolio and global deployment expertise, Quectel enables a seamless transition for mid-speed IoT applications moving toward scalable 5G connectivity.

 

The RM255C-GL is a 5G Sub-6GHz RedCap module in the M.2 form factor, developed in accordance with 3GPP Release 17. It supports peak data rates of up to 223Mbps downlink and 123Mbps uplink, with 5G Sub-6GHz standalone (SA) operation and LTE Cat 4 fallback. Backward compatibility with Release 15 and Release 16 networks ensures smooth deployment across existing infrastructures. Designed for seamless upgrades, the RM255C-GL is pin-to-pin compatible with Quectel’s RM5x0N and RM50xQ 5G series, and both pin-to-pin and size compatible with selected LTE-A and 4G modules including the EM06, EM12 series, EM160R-GL and EM05, simplifying migration from LTE to 5G RedCap.

 

The module integrates Qualcomm® IZat™ Gen 9VT location technology with optional multi-constellation GNSS support (GPS, GLONASS, BDS, Galileo, QZSS and NavIC), enabling fast, accurate and reliable positioning. With worldwide 5G and LTE coverage, support for 5G SA mode, embedded protocol stacks and high-speed USB 2.0 and PCIe 2.0 interfaces, the RM255C-GL is well suited to a broad range of mid-tier IoT applications.

 

The RG255C-NA is a 5G RedCap Sub-6GHz LGA module designed in compliance with 3GPP Release 17. Supporting key 5G capabilities including URLLC and network slicing, the module delivers peak data rates of up to 223Mbps downlink and 123Mbps uplink. It operates in 5G Sub-6GHz standalone (SA) mode with LTE Cat 4 fallback and is backward compatible with Release 15 and Release 16 networks, ensuring smooth migration and broad network coverage. Compatible with Quectel’s compact EG2x 4G module series, the RG255C-NA simplifies design upgrades while meeting mid-speed application requirements for higher capacity, low latency, and enhanced reliability in industrial and commercial deployments.

 

Purpose-built for industrial-grade applications, the RG255C-NA integrates Qualcomm® IZat™ Gen 9VT location technology, supporting multi-constellation GNSS including GPS, GLONASS, NavIC, BDS, QZSS and Galileo. The integrated GNSS receiver streamlines product development while enabling fast, accurate, and dependable positioning. A comprehensive suite of Internet protocols, industry-standard interfaces, including USB 2.0, PCIe 2.0, PCM, UART, SGMII and SPI, along with USB driver support for Windows 10/11, Linux and Android, ensures broad compatibility and flexibility across a wide range of 5G RedCap IoT applications.

 

“The commercialization of 5G RedCap is a key milestone in making 5G ubiquitous. For a long time, the industry has faced difficult trade-offs between performance and cost. The launch of Quectel’s two new RedCap modules aims to solve this core pain point,” commented Leo Yao, Product Director, Quectel Wireless Solutions. “Quectel offers not just a module, but a complete solution including hardware reference designs for application scenarios, external edge computing capabilities, and global certifications, significantly lowering customers’ product development barriers and time-to-market.”

 

As 5G adoption accelerates beyond consumer markets into industrial applications, demand is growing for solutions that balance performance with cost and power efficiency. In mid- to high-speed use cases such as Industrial IoT, video surveillance, and wearables, traditional 5G modules can be oversized in cost, power consumption, and form factor, while 4G technologies lack the bandwidth, latency, and long-term roadmap required for future deployments, particularly as LTE sunset plans advance in markets such as the United States. Defined in the 3GPP Release 17 standard, 5G RedCap addresses this gap by streamlining device capabilities to significantly reduce complexity, cost, and energy consumption, while retaining essential 5G features. Positioned between LTE Cat 4/6 and full 5G, RedCap is set to become a key enabler of scalable, industrial-grade 5G adoption.

 

Across sectors such as energy, mobile broadband, and wearables, 5G RedCap is overcoming the cost and power limitations associated with traditional 5G modules, delivering right-sized connectivity to support large-scale digital transformation. RedCap is well suited to smart grid deployments, delivering the ultra-reliable, low-latency performance utilities require while reducing module complexity and cost. In mobile hotspots and industrial sensor networks, it enables scalable, cost-efficient 5G connectivity, ideal for smart factories with large numbers of connected devices. For wearables such as smartwatches and fitness trackers, RedCap lowers power consumption and module size, supporting compact designs and extended battery life while bringing 5G to next-generation consumer and professional devices.

 

The RM255C-GL and RG255C-NA have successfully completed the required regulatory and industry conformance certifications, reinforcing their readiness for global deployment. The RG255C-NA is certified to FCC, IC and PTCRB standards, while the RM255C-GL has achieved CE, RCM, FCC, IC, GCF and PTCRB certifications. This comprehensive approval coverage streamlines device certification, reduces time to market and provides customers with confidence in seamless, compliant integration across target regions.

 

About Quectel

 

Quectel’s passion for a smarter world drives us to accelerate IoT innovation. A highly customer-centric organization, we are a global end-to-end IoT solutions provider backed by outstanding support and services.

 

With a worldwide team of over 5,800 professionals, we lead the way in delivering end-to-end IoT solutions, spanning cellular, GNSS, satellite, Wi-Fi and Bluetooth modules, high-performance antennas, value-added services and full turnkey offerings including ODM services and system integration.

 

With regional offices and support across the globe, our international leadership is devoted to advancing IoT and helping build a smarter world.

 

For more information, please visit www.quectel.com or LinkedIn

 

 

 

 

 

Takeda and Protagonist Announce U.S. Food and Drug Administration Accepts New Drug Application and Grants Priority Review for Rusfertide as a Potential First-in-Class Therapy for Polycythemia Vera

Business Wire India

  • Rusfertide Demonstrated Significant Improvements in Hematocrit Control, Phlebotomy Reduction and Patient Reported Outcomes for Patients with Polycythemia Vera in a Pivotal Study
  • Submission Primarily Based on Phase 3 VERIFY Study, in Which Rusfertide Plus Standard of Care More Than Doubled Clinical Response Rates, as Well as Four-Year Efficacy and Safety Data from Phase 2 REVIVE/THRIVE Studies
  • Prescription Drug User Fee Act (PDUFA) Target Action Date is in the Third Quarter of this Calendar Year

 

Takeda (TSE:4502/NYSE:TAK) and Protagonist Therapeutics, Inc. (“Protagonist”) (NASDAQ:PTGX) today announced that the U.S. Food and Drug Administration (FDA) accepted the New Drug Application (NDA) and granted Priority Review for rusfertide. Rusfertide is an investigational, first-in-class hepcidin mimetic peptide therapeutic for the treatment of adults with polycythemia vera (PV). The FDA has set a Prescription Drug User Fee Act (PDUFA) goal date in the third quarter of this calendar year. In addition to Priority Review, rusfertide has received Breakthrough Therapy designation, Orphan Drug designation and Fast Track designation from the U.S. FDA.

 

PV is characterized by the overproduction of red blood cells (erythrocytosis), which increases blood viscosity, or thickness, and can result in life threatening thrombotic events. Hematocrit is the ratio of red blood cells to the total amount of blood in the body. Achieving and maintaining controlled hematocrit levels of <45% is the primary treatment goal in PV to prevent thrombotic events and alleviate burdensome symptoms.

 

 

“There is an urgent need for innovative treatment options in polycythemia vera, where patients currently face limited therapeutic choices to control their hematocrit and significant symptom burden,” said Andy Plump, M.D., Ph.D., president of R&D at Takeda. “The FDA’s acceptance of our NDA brings us closer to potentially offering a first-in-class therapy that could meaningfully improve clinical outcomes and quality of life. This milestone is a reflection of our successful partnership with Protagonist and Takeda’s unwavering commitment to advancing innovative treatments in hematologic cancers where significant unmet needs persist.”

 

 

The NDA for rusfertide was primarily based on the positive 32-week primary analysis and 52-week results from the Phase 3 global randomized VERIFY study (NCT05210790), as well as four-year efficacy and safety data from the Phase 2 REVIVE study (NCT04057040) and long-term extension THRIVE study (NCT06033586). In the VERIFY study, rusfertide met the primary endpoint and all four key secondary endpoints. Patients receiving rusfertide plus current standard of care demonstrated a higher response rate compared to current standard of care. This included hematocrit control, a reduction in phlebotomy requirements and improvement in pre-specified patient reported outcomes of fatigue and symptom burden. Rusfertide was generally well-tolerated through 52 weeks of treatment. The most common treatment-emergent adverse events (AEs) in rusfertide-treated patients were injection site reactions (47.4%), anemia (25.6%) and fatigue (19.6%), which were mainly grade 1 or 2. Serious AEs occurred in 8.1% of overall rusfertide-treated patients.

 

 

“Rusfertide exemplifies Protagonist’s end-to-end expertise, from exploring a novel hepcidin mimetic mechanism to address unmet needs in polycythemia vera to discovering the peptide and driving its clinical development through NDA filing. We are very pleased with the FDA granting rusfertide Priority Review and look forward to its potential approval in 2026,” said Dinesh V. Patel, Ph.D., Protagonist President and CEO. “We have identified a great partner in Takeda as rusfertide progresses toward this milestone, thereby bringing a successful closure to our more than decade-long journey from concept-to-commercialization.”

 

 

In January 2024, Protagonist and Takeda entered into a worldwide license and collaboration agreement for rusfertide. Protagonist discovered rusfertide and led its development through Phase 3 studies, with Takeda responsible for implementing the regulatory strategy for the U.S. NDA filing and for leading any future global regulatory filings. Protagonist holds an option to co-commercialize in the U.S. through a 50/50 profit and loss share structure or to opt-out of this structure, providing Takeda with a worldwide license pursuant to the license and collaboration agreement.

 

 

About Rusfertide
Rusfertide is a first-in-class investigational subcutaneous treatment that mimics the action of hepcidin, a natural hormone that regulates iron homeostasis and red blood cell production. By targeting the underlying mechanism of iron dysregulation in polycythemia vera, rusfertide aims to reduce excess red blood cell production and help patients achieve sustained hematocrit control. Rusfertide is administered once weekly via subcutaneous self-injection and has been generally well-tolerated in clinical trials to date.

 

 

About VERIFY
The Phase 3 VERIFY study (NCT05210790) is an ongoing, three-part, global, randomized, placebo-controlled study evaluating rusfertide in 293 patients with polycythemia vera over a 156-week period, with treatment extension for participants who are continuing to derive benefit from rusfertide beyond the 156-week treatment period. The study is evaluating the efficacy and safety of once-weekly, subcutaneously self-administered rusfertide in patients with uncontrolled hematocrit who are phlebotomy-dependent despite current standard of care treatment, which could include phlebotomy, hydroxyurea, interferon and/or ruxolitinib. The primary endpoint of the study was the proportion of patients achieving a response during Weeks 20-32, which was defined as the absence of “phlebotomy eligibility.” To meet phlebotomy eligibility, patients in the study were required to have: confirmed hematocrit ≥45% that was ≥3% higher than their baseline hematocrit value, or hematocrit ≥48%.

 

 

All patients have completed their participation in the randomized, placebo-controlled portion of the study evaluating the efficacy and safety of rusfertide plus current standard of care versus placebo plus current standard of care and are now in the open-label portions of the study.

 

 

About REVIVE and THRIVE
The Phase 2 REVIVE study (NCT04057040) evaluated rusfertide in adult patients with polycythemia vera and consisted of three parts, including 70 patients in the dose-finding Part 1 (28 weeks), 59 patients in the blinded, placebo-controlled, randomized withdrawal Part 2 (13 weeks) and 58 patients in the Part 3 open-label expansion (52 weeks). The THRIVE study (NCT06033586) is an ongoing, open-label extension study evaluating the long-term durability of response and safety profile of rusfertide in patients with polycythemia vera. The study includes 46 patients who previously participated in REVIVE. Patients eligible to transition to the THRIVE study completed the open-label extension portion of REVIVE, ≥12 months of rusfertide therapy and had an end-of-treatment visit. THRIVE is designed to further assess the maintenance of hematocrit control, reduction in the need for therapeutic phlebotomy and overall safety of once-weekly, subcutaneous rusfertide over an additional two-year treatment period.

 

 

About Polycythemia Vera (PV)
Polycythemia vera (PV) is characterized by the overproduction of red blood cells (erythrocytosis), which increases blood viscosity, or thickness, and can result in life threatening thrombotic events such as stroke, deep vein thrombosis and pulmonary embolism. Hematocrit is the ratio of red blood cells to the total amount of blood in the body. Achieving and maintaining controlled hematocrit levels of <45% is the primary treatment goal in PV to prevent thrombotic events and alleviate burdensome symptoms, including severe fatigue, difficulty in concentrating, night sweats and pruritus.

 

 

About Takeda
Takeda is focused on creating better health for people and a brighter future for the world. We aim to discover and deliver life-transforming treatments in our core therapeutic and business areas, including gastrointestinal and inflammation, rare diseases, plasma-derived therapies, oncology, neuroscience and vaccines. Together with our partners, we aim to improve the patient experience and advance a new frontier of treatment options through our dynamic and diverse pipeline. As a leading values-based, R&D-driven biopharmaceutical company headquartered in Japan, we are guided by our commitment to patients, our people and the planet. Our employees in approximately 80 countries and regions are driven by our purpose and are grounded in the values that have defined us for more than two centuries. For more information, visit www.takeda.com.

 

 

About Protagonist
Protagonist Therapeutics is a discovery through late-stage development biopharmaceutical company. Two novel peptides derived from Protagonist’s proprietary discovery platform are currently in advanced Phase 3 clinical development, with NDAs for both ICOTYDE™ (icotrokinra) and rusfertide under review at the FDA. ICOTYDE is a first-in-class investigational targeted oral peptide that selectively blocks the Interleukin-23 receptor (“IL-23R”), which is licensed to Janssen Biotech, Inc., a Johnson & Johnson company. Following ICOTYDE’s joint discovery by Protagonist and Johnson & Johnson scientists pursuant to the companies’ IL-23R collaboration, Protagonist was primarily responsible for the development of ICOTYDE through Phase 1, with Johnson & Johnson assuming responsibility for development in Phase 2 and beyond.

 

 

Rusfertide is a first-in-class hepcidin mimetic peptide that is being co-developed with Takeda Pharmaceuticals pursuant to a worldwide license and collaboration agreement entered in 2024. Protagonist holds an option to co-commercialize rusfertide in the U.S. through a 50/50 profit and loss share structure or can opt-out of this structure. The Company also has a number of preclinical stage drug discovery programs addressing clinically and commercially validated targets including an oral IL-17 peptide antagonist, obesity dual and triple agonists, an oral hepcidin functional mimetic, and the recently announced IL-4 and amylin programs.

 

 

More information on Protagonist, its pipeline drug candidates, and clinical studies can be found on the Company’s website at https://www.protagonist-inc.com.

 

 

Takeda Important Notice
For the purposes of this notice, “press release” means this document, any oral presentation, any question and answer session and any written or oral material discussed or distributed by Takeda Pharmaceutical Company Limited (“Takeda”) regarding this release. This press release (including any oral briefing and any question-and-answer in connection with it) is not intended to, and does not constitute, represent or form part of any offer, invitation or solicitation of any offer to purchase, otherwise acquire, subscribe for, exchange, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction. No shares or other securities are being offered to the public by means of this press release. No offering of securities shall be made in the United States except pursuant to registration under the U.S. Securities Act of 1933, as amended, or an exemption therefrom. This press release is being given (together with any further information which may be provided to the recipient) on the condition that it is for use by the recipient for information purposes only (and not for the evaluation of any investment, acquisition, disposal or any other transaction). Any failure to comply with these restrictions may constitute a violation of applicable securities laws.

 

 

The companies in which Takeda directly and indirectly owns investments are separate entities. In this press release, “Takeda” is sometimes used for convenience where references are made to Takeda and its subsidiaries in general. Likewise, the words “we”, “us” and “our” are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies.

 

 

Takeda Forward-Looking Statements
This press release and any materials distributed in connection with this press release may contain forward-looking statements, beliefs or opinions regarding Takeda’s future business, future position and results of operations, including estimates, forecasts, targets and plans for Takeda. Without limitation, forward-looking statements often include words such as “targets”, “plans”, “believes”, “hopes”, “continues”, “expects”, “aims”, “intends”, “ensures”, “will”, “may”, “should”, “would”, “could”, “anticipates”, “estimates”, “projects”, “forecasts”, “outlook” or similar expressions or the negative thereof. These forward-looking statements are based on assumptions about many important factors, including the following, which could cause actual results to differ materially from those expressed or implied by the forward-looking statements: the economic circumstances surrounding Takeda’s global business, including general economic conditions in Japan and the United States and with respect to international trade relations; competitive pressures and developments; changes to applicable laws and regulations, including drug pricing, tax, tariff and other trade-related rules; challenges inherent in new product development, including uncertainty of clinical success and decisions of regulatory authorities and the timing thereof; uncertainty of commercial success for new and existing products; manufacturing difficulties or delays; fluctuations in interest and currency exchange rates; claims or concerns regarding the safety or efficacy of marketed products or product candidates; the impact of health crises, like the novel coronavirus pandemic; the success of our environmental sustainability efforts, in enabling us to reduce our greenhouse gas emissions or meet our other environmental goals; the extent to which our efforts to increase efficiency, productivity or cost-savings, such as the integration of digital technologies, including artificial intelligence, in our business or other initiatives to restructure our operations will lead to the expected benefits; and other factors identified in Takeda’s most recent Annual Report on Form 20-F and Takeda’s other reports filed with the U.S. Securities and Exchange Commission, available on Takeda’s website at: https://www.takeda.com/investors/sec-filings-and-security-reports/ or at https://www.sec.gov/. Takeda does not undertake to update any of the forward-looking statements contained in this press release or any other forward-looking statements it may make, except as required by law or stock exchange rule. Past performance is not an indicator of future results and the results or statements of Takeda in this press release may not be indicative of, and are not an estimate, forecast, guarantee or projection of Takeda’s future results.

 

 

Takeda Medical Information
This press release contains information about products that may not be available in all countries, or may be available under different trademarks, for different indications, in different dosages, or in different strengths. Nothing contained herein should be considered a solicitation, promotion or advertisement for any prescription drugs including the ones under development.

 

 

Protagonist Cautionary Note on Forward-Looking Statements
This press release contains forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements regarding the potential benefits of rusfertide. In some cases, you can identify these statements by forward-looking words such as “anticipate,” “believe,” “may,” “will,” “expect,” or the negative or plural of these words or similar expressions. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties that could cause actual results and events to differ materially from those anticipated, including, but not limited to, our ability to develop and commercialize our product candidates, our ability to earn milestone payments under our collaboration agreements with Janssen and Takeda, our ability to use and expand our programs to build a pipeline of product candidates, our ability to obtain and maintain regulatory approval of our product candidates, our ability to operate in a competitive industry and compete successfully against competitors that have greater resources than we do, and our ability to obtain and adequately protect intellectual property rights for our product candidates. Additional information concerning these and other risk factors affecting our business can be found in our periodic filings with the Securities and Exchange Commission, including under the heading “Risk Factors” contained in our most recently filed periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition, and liquidity, and the development of the industry in which we operate, may differ materially from the forward-looking statements contained in this press release. Any forward-looking statements that we make in this press release speak only as of the date of this press release. We assume no obligation to update our forward-looking statements, whether as a result of new information, future events, or otherwise, after the date of this press release.