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Business Wire India

Polpharma Biologics, a leading biopharmaceutical company specializing in the development and manufacturing of biosimilars, today announced the signing of a landmark licensing agreement with Argentina-based Tuteur. Under this strategic partnership, Tuteur will obtain exclusive rights to commercialize a biosimilar for autoimmune diseases across Latin America (LATAM), excluding Brazil.

 

Polpharma Biologics will retain full responsibility for the development and manufacturing of the biosimilar. Tuteur will be responsible for commercialization, marketing, and distribution in the licensed territories. This collaboration reflects a shared commitment to expanding patient access to high-quality, affordable biological therapies across the region.

 

 

“Partnering with Tuteur represents an important step in advancing our mission to broaden access to biosimilars globally,” said Anjan Selz, CEO of Polpharma Biologics. “With their strong regional expertise and commercial capabilities in LATAM, we are well-positioned to bring this important therapy to patients living with autoimmune diseases. Together, we aim to improve access to effective and affordable treatment options across the region.”

 

 

“Our collaboration with Polpharma Biologics marks a significant milestone for Tuteur,” said Jonathan Hahn, President of Tuteur. “Partnering with an organization of their caliber reinforces our commitment to expanding access to world-class biologics for patients throughout Latin America.”

 

 

The biosimilar, currently in development, is designed to provide an effective and well-tolerated treatment option for patients with autoimmune conditions. Regulatory submission is anticipated within the next three years.

 

 

About Polpharma Biologics

 

 

Polpharma Biologics is a group of biopharmaceutical companies focused on the development and manufacturing of biopharmaceuticals and biosimilars for global markets. Its Switzerland-based biosimilars platform manages the entire value chain—from product selection and investment allocation through development and commercialization—ensuring efficient progression from concept to launch in close collaboration with global partners. The company’s biosimilar portfolio spans multiple programs at various stages of development, from early-stage research to commercialization. Its international team brings deep expertise across program leadership, regulatory strategy, CMC integration, device development, clinical oversight, and quality assurance. Through Polpharma Biologics partnerships with trusted CDMOs, Polpharma Biologics delivers end-to-end biosimilar solutions, from cell line development to finished products, across key therapeutic areas. Polpharma Biologics is committed to accelerating access to biologic therapies worldwide by maintaining a robust and expanding pipeline of biosimilars.

 

 

More information: https://polpharmabiologics.com/polpharma-biologics-and-tuteur/

 

 

About Tuteur

 

 

Tuteur is a leading company in specialized medicine across Latin America, delivering innovative therapies and solutions that address complex medical needs. With a strong commitment to patient outcomes, operational excellence, and strategic partnerships, Tuteur combines deep expertise in manufacturing and distribution of specialty medicines to serve healthcare providers and patients across the region. Driven by a robust pipeline of specialized treatments and a patient-centric approach, Tuteur continues to expand its presence in LATAM while maintaining a focus on innovation, efficiency, and sustainable growth.

 

 

More information: https://tuteurgroup.com/

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260521106271/en/

 

Business Wire India

 

Toshiba Electronic Devices & Storage Corporation (“Toshiba”) today started shipping test samples of “TW007D120E,” a 1200V trench-gate SiC MOSFET primarily intended for power supply systems in next-generation AI data centers that is also suitable for use in renewable energy-related equipment.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260520299135/en/

 

 

 

With the rapid expansion of generative AI, increasing power consumption has become a pressing issue for data centers. In particular, the widespread adoption of high-power AI servers and the growing deployment of 800V high-voltage direct current (HVDC) architectures are driving demand for power supply systems with higher power conversion efficiency and power density. Toshiba has addressed these requirements for next-generation AI data centers by developing TW007D120E, which will contribute to lower power consumption and to the miniaturization and higher efficiency of power supply systems.

 

TW007D120E is built around Toshiba’s proprietary trench-gate structure^[1], which achieves industry-leading^[2] low On-resistance per unit area (R_DS(on)A); it reduces conduction loss through lower On-resistance while simultaneously achieving lower switching loss. Compared with Toshiba’s current products, TW007D120E reduces R_DS(on)A by approximately 58%^[3] and improves the figure of merit, On-resistance × gate-drain charge (R_DS(on) × Q_gd), which represents the trade-off between conduction loss and switching loss, by approximately 52%^[3]. These characteristics will help to realize highly efficient operation and reduced heat generation in data center power supply systems and contribute to improved overall system efficiency.

 

 

The new product is housed in a QDPAK package that supports top-side cooling. This contributes to both higher power density implementation and enhanced thermal performance in the power stage, which are essential for power conversion in next-generation AI data centers.

 

 

Toshiba will prepare for mass production of TW007D120E during fiscal year 2026 and will continue to expand its lineup, including development for automotive applications. Through the trench-gate SiC MOSFET, the company will contribute to improved power efficiency and reduced CO₂ emissions in data centers and a wide range of industrial equipment, supporting the realization of a decarbonized society.

 

 

TW007D120E is based on results obtained from JPNP21029, a project subsidized by the New Energy and Industrial Technology Development Organization (NEDO).

 

 

Notes:
[1] A device structure in which fine trenches are formed in the semiconductor substrate and gate electrodes are embedded within the trenches.
[2] Toshiba research, as of May 2026.
[3] Comparison of the newly developed 1200V SiC MOSFET with Toshiba’s 3rd-generation SiC MOSFET (TW015Z120C). Toshiba research, as of May 2026.

 

 

Applications

 

 

• Power supplies for data centers (AC-DC, DC-DC)
• Photovoltaic inverters
• Uninterruptible power supply (UPS)
• EV charging stations
• Energy storage systems
• Industrial motors

 

 

Features

 

• Low On-resistance and low R_DS(on)A
• Low switching loss and low R_DS(on) × Q_gd
• Low gate drive voltage: V_{GS_ON}=15V to 18V
• High thermal performance QDPAK package

 

 

Main Specifications

 

(Unless otherwise specified, Tvj=25°C)
Part number				TW007D120E
Package	Name			QDPAK
Absolute maximum ratings	Drain-source voltage VDSS (V)			1200
	Drain current (DC) ID (A)	Tc=25°C		172
Electrical characteristics	Drain-source On-resistance RDS(on) (mΩ)	VGS=15V	Typ.	7.0
	Gate threshold voltage Vth (V)	VDS=10V		3.0 to 5.0
	Total gate charge Qg (nC)	VGS=15V	Typ.	317
	Gate-drain charge Qgd (nC)	VGS=15V	Typ.	33
	Input capacitance Ciss (pF)	VDS=800V	Typ.	13972
	Diode forward voltage VSD (V)	VGS=0V	Typ.	3.2
Note: Specifications and schedules for products under development are subject to change without notice.

 

 

Follow the link below for more on Toshiba’s SiC Power Devices.
SiC Power Devices

 

* Company names, product names, and service names may be trademarks of their respective companies.
* Information in this document, including product prices and specifications, content of services and contact information, is current on the date of the announcement but is subject to change without prior notice.

 

 

About Toshiba Electronic Devices & Storage Corporation

 

 

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

 

 

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

 

 

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

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260520299135/en/

 

Business Wire India

Produced by Woo “RAINSTONE” Rhee and Grammy Award-Winning Producer Troy “R8DIO” Johnson

 

Stream the Single HERE

 

For approved imagery, please download HERE

 

Today marks the official release of “Something Special,” the highly anticipated cross-market collaboration from international star Ahn Hyo-seop and multi-platinum recording artist Khalid, available now via FANDOM on all major streaming platforms. Stream the single HERE. Musicow will also release an official music video in June, highlighting the unique chemistry between Ahn Hyo-seop and Khalid while bringing the song’s cross-cultural collaboration to life on screen.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260522928365/en/

 

 

 

Ahn Hyo-seop, globally recognized for his breakout role as “Jinu,” the leader of demon boy band Saja Boys in Netflix’s animated phenomenon KPop Demon Hunters, joins forces with Grammy-nominated artist Khalid for a genre-blending release that bridges the worlds of K-pop and U.S. R&B – two of the most influential forces shaping contemporary global music culture.

 

Produced by Woo “RAINSTONE” Rhee, known for his work on “Nobody” by legendary K-pop group Wonder Girls, and co-produced by Grammy Award-winning producer Troy “R8DIO” Johnson, whose credits include Solange’s critically acclaimed A Seat at the Table, “Something Special” delivers a sleek and emotionally resonant sound that highlights the unique artistry and international appeal of both performers.

 

 

The release marks several milestone moments: Ahn Hyo-seop’s debut official single as a solo artist and Khalid’s first-ever collaboration with a Korean artist. Together, the pair create a track designed to connect audiences across languages, cultures, and musical genres, reflecting the increasingly global and collaborative nature of today’s music industry.

 

 

Released under FANDOM and developed by Musicow in partnership with Roc Nation, “Something Special” advances the platform’s mission to redefine the connection between artists, music, and fans worldwide. Through interactive fan experiences, exclusive participation opportunities, and new ways to support the artists they love, FANDOM invites audiences deeper into the creative process.

 

 

The release follows FANDOM’s acclaimed January collaboration “Two Car Garage” from Jon Bellion and Swae Lee, further establishing the platform as a home for high-impact global collaborations and fan-driven music experiences.

 

 

“Something Special” is available now on all major streaming platforms. Additional fan engagement opportunities and exclusive content tied to the release will be announced via fndm.lnk.to/bio.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260522928365/en/

 

Business Wire India

एक ओर जहाँ ग्लोबल रीयल एस्टेट क्षेत्र के निवेशक अपनी रणनीतियाँ दुबारा तय कर रहे हैं, वहीं अब्बास सजवानी तेज़ी से आगे बढ़ रहे हैं।

 

AHS Properties के 26 वर्षीय फ़ाउंडर और CEO – जिन्हें उनकी $1.9 बिलियन की कुल संपत्ति के साथ Forbes ने हाल ही में अरब मूल के सबसे युवा अरबपति और रीयल–एस्टेट के क्षेत्र में दुनिया के सबसे युवा अरबपति के रूप में मान्यता दी है – दुबई में सबसे तेज़ी से आगे बढ़ रहे डेवलपमेंट प्लैटफ़ॉर्म्स में से एक का निर्माण कर रहे हैं।

 

2021 में लॉन्च होने के बाद से, AHS Properties ने अपने अल्ट्रा–लक्ज़री विला रीडेवलपमेंट्स से आगे बढ़ते हुए खुद को मल्टी–बिलियन डॉलर के पोर्टफ़ोलियो में विकसित कर लिया है, जिसमें दुबई के रणनीतिक दृष्टि से सबसे अहम इलाकों में वॉटरफ़्रंट रेज़िडेंशियल प्रोजेक्ट्स, आला दर्जे के कमर्शियल स्पेसेज़ और बड़े पैमाने के मिक्स्ड–यूज़ डेवलपमेंट प्रोजेक्ट्स शामिल हैं।

 

शेख ज़ाएद मार्ग पर मौजूद इसकी प्रमुख व्यावसायिक इमारत, AHS टॉवर, निर्माण के दौरान ही पूरी तरह से बिक गई, जबकि उम्मीद जताई जा रही है कि साल के अंत तक कंपनी के डेवलपमेंट प्रोजेक्ट्स का कुल मूल्य AED 50 बिलियन तक पहुँच जाएगा।

 

यह विकास एक ऐसी रणनीति पर आधारित है, जो बाज़ार में आम तौर पर अपनाए जाने वाले सावधान रवैये के उलट काम करती है।

 

सजवानी ने कहा, “इस बाज़ार में असल जोखिम उतार–चढ़ाव नहीं, बल्कि इंतज़ार है,” “जब तक हमें पूरी तरह भरोसा होता है, तब तक मौके की कीमत पहले से ही तय हो चुकी होती है।“

 

ऐसे समय में, जब भू–राजनीतिक और व्यापक आर्थिक अनिश्चितता के बीच वैश्विक निवेश के कुछ हिस्से हाशिए पर चले गए हैं, वहीं AHS Properties ने निवेश और विस्तार करना जारी रखा है, रणनीतिक सोच के साथ ज़मीनों का अधिग्रहण आगे बढ़ाया है और लंबे समय में बनी रहने वाली माँग को ध्यान में रखकर नए डेवलपमेंट प्रोजेक्ट्स लॉन्च किए हैं।

 

सजवानी का फ़लसफ़ा एक सशक्त ढाँचे पर टिका हुआ है, बाज़ार के अस्थायी चक्रों पर नहीं।

 

उनका मानना है कि दुबई एक स्थायी बदलाव के दौर से गुज़र रहा है. यह अब केवल ऐसा लक्ज़री डेस्टिनेशन नहीं रहेगा, जहाँ लोग शौक या खर्च करने के इरादे से आते हैं, बल्कि ग्लोबल निवेश का एक प्रमुख केंद्र बन जाएगा. इसकी वजह बेहद अमीर लोगों, फ़ाउंडर्स और फ़ैमिली ऑफ़िस की लगातार बढ़ती आमद और निवेश है।

 

उन्होंने कहा, “यह कुछ समय तक बनी रहने वाली माँग से जुड़ा मामला नहीं है,” “यह इस बारे में है कि पूँजी अपना ठिकाना कहाँ चुन रही है।“

 

यह नज़रिया फ़ाइनेंशियल मार्केट्स में उनके शुरुआती अनुभव से प्रेरित है. 14 साल की उम्र में इक्विटी की ट्रेडिंग शुरू करने वाले सजवानी ने कैपिटल एलोकेशन के लिए एक अनुशासित, लॉन्ग–टर्म स्ट्रैटेजी तैयार की, जिसे अब रीयल–एस्टेट के पूरे क्षेत्र में बड़े पैमाने पर लागू किया जा रहा है।

 

जैसे–जैसे दुनिया भर के निवेशक भौगोलिक एक्सपोज़र का फिर से आकलन कर रहे हैं, वैसे–वैसे AHS Properties एक दृढ़निश्चयी ऑपरेटर के रूप में उभर रहा है, जो बाज़ार की भावना के आधार पर नहीं, बल्कि उससे आगे जाकर निर्माण कर रहा है।

 

मीडिया से जुड़ी और जानकारी के लिए यहाँ जाएँ: https://ahsproperties.com/abbas-sajwani/

 

AHS Properties के बारे में जानने के लिए, कृपया यहाँ जाएँ: https://ahsproperties.com/

 

सूत्र: AETOSWire

 

तस्वीरें/मल्टीमीडिया गैलरी उपलब्ध: https://www.businesswire.com/news/home/20260519804834/en

 

संपर्क:

टैमी एटली, कम्युनिकेशंस डायरेक्टर: tammy.atlee@ahs-properties.com

सुराहम्मादिन, PR मैनेजर: sura.hammadin@ahs-properties.com

लिलास अलारबेड, कम्युनिकेशंस मैनेजर: lilas.alarbed@ahs-properties.com

Business Wire India

Ethara, organiser of the Formula 1 Etihad Airways Abu Dhabi Grand Prix, have announced that one of the world’s biggest bands, Imagine Dragons, will headline the Saturday After-Race Concerts at the F1 Season Finale in Abu Dhabi.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260521214839/en/

 

 

 

The announcement is another landmark moment for the Abu Dhabi Grand Prix, whose thrilling Yasalam presented by e& fan entertainment offering has become synonymous with the F1 Championship finale in Abu Dhabi and is recognised as one of the most compelling sports and entertainment crossovers globally.

 

The global chart-toppers join Lewis Capaldi and Zara Larsson, who are set to kick off a blockbuster line-up of performances on Yas Island on Thursday, 3 December, with more major international artists to be revealed.

 

 

With their popular top hits, Imagine Dragons have built one of contemporary music’s most recognisable catalogues, earning widespread acclaim for powerful live performances that have filled arenas and stadiums worldwide.

 

 

David Powell, Chief Portfolio & Strategy Officer at Ethara, said: “Imagine Dragons are one of the defining live acts of this generation, with mass appeal to all. Their ability to deliver stadium-scale performances that connect with audiences around the world makes them the perfect addition to the Yasalam program.

 

 

“Yasalam presented by e& has become synonymous with bringing the biggest artists in the world to Abu Dhabi, and this announcement is another major statement as we continue to elevate the fan experiences at the biggest event of the year.”

 

 

Following the historic three-way championship showdown in 2025, the anticipation is building for what could be another high-stakes title-deciding race in Abu Dhabi this year. With more artists to be announced soon the 2026 Abu Dhabi Grand Prix is shaping up to be an unmissable entertainment spectacle.

 

 

This year’s event will be the 18th edition of the event, taking place on 3-6 December 2026 with tickets available across General Admission, Grandstands and Hospitality at abudhabigp.com

 

 

ABOUT THE FORMULA 1 ABU DHABI GRAND PRIX

 

 

A standout fixture on the Formula 1 calendar since the inaugural event in 2009, the Formula 1^® Etihad Airways Abu Dhabi Grand Prix is the season finale of the F1 World Championship. The event is renowned for its unique day-night format and signature entertainment programme Yasalam featuring four nights of After-Race Concerts and official After-Parties on Yas Island.

 

 

Source: AETOSWire

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260521214839/en/

 

Business Wire India

Mizuho Global Services India Pvt. Ltd., the Global Capabilities Center arm (Mizuho GCC) of Mizuho Financial Group, one of the world’s leading financial institutions, today announced the launch of its new Global Capabilities Center in Pune, India (Pune GCC). The center has been established to strengthen Mizuho’s global technology, operations, and shared services capabilities, supporting Mizuho’s enterprise-wide innovation, resilience, and long‑term transformation agenda.

 

The launch of the Pune GCC represents a significant step in deepening Mizuho’s footprint in India, underscoring Mizuho’s long‑term commitment to building globally integrated, scalable, and future‑ready capabilities. As part of Mizuho’s global operating model, the new center, along with the existing centers in Mumbai and Chennai, will play a critical role in enabling seamless collaboration across regions while supporting the firm’s growth, modernization, and operational excellence priorities.

 

 

“This launch is about building long-term capability,” said John Buchanan, Deputy Head of Global Corporate & Investment Banking Company, and Chief Information Officer & Chief Operations Officer, Mizuho Americas. “Pune gives us the ability to take end to end ownership of critical platforms, accelerate modernization, and deliver with the kind of consistency and discipline a global financial institution demands. It’s a meaningful step in how we scale—securely, responsibly, and with real engineering depth.”

 

 

The Pune GCC will bring together skilled professionals across technology, operations, and business services, creating a unified platform supporting Mizuho’s global businesses. By leveraging India’s deep and diverse talent ecosystem, the Pune GCC will support round‑the‑clock global operations while contributing to faster innovation cycles, improved service quality, and enhanced organizational resilience.

 

 

As enterprises worldwide accelerate digital transformation and operating model evolution, India has established itself as a destination for global capability centers—driven by its strengths in engineering, operations, analytics, and enterprise transformation. Mizuho’s presence in Pune is reflective of this trend and of the firm’s investment in resilient future‑oriented capabilities that support its clients and businesses worldwide.

 

 

About Mizuho Financial Group

 

 

Mizuho Financial Group, Inc. is a leading global financial services company and a bank holding company under the Japanese Banking Act. The Group provides a broad range of financial services, including banking, capital markets, and asset management, through its legally owned subsidiaries. Mizuho focuses on strengthening group-wide management functions, creating synergies across business domains, and leveraging the collective strengths and expertise of the Mizuho Group to deliver sustainable value to clients, stakeholders, and society.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260521562661/en/

 

Business Wire India

On March 23, 2026, The Estée Lauder Companies Inc. (NYSE: EL) and Puig confirmed they were in discussions regarding a potential business combination, but unless and until an agreement was signed between the companies, there could be no assurances regarding the deal or its terms.

 

The Estée Lauder Companies and Puig today announced that the parties have terminated discussions regarding a potential business combination. The Estée Lauder Companies remains fully focused on continuing to execute its Beauty Reimagined strategy, which is well underway and delivering positive results.

 

 

“We are grateful for the conversations we have had with Puig,” said Stéphane de La Faverie, President and Chief Executive Officer of The Estée Lauder Companies. “Today, we are reiterating our confidence in the power of our incredible brands, our talented teams, and our strength as a standalone company. We are more optimistic than ever about our ability to unlock significant long-term value through Beauty Reimagined, and we remain focused on accelerating that progress.

 

 

We have one of the most powerful portfolios of prestige beauty brands in the world, supported by exceptional equity across categories, geographies, and consumer segments, and we believe we are uniquely positioned to drive sustainable long-term growth globally.

 

 

The momentum we are seeing across our business reinforces the strength of the path ahead. Through Beauty Reimagined and the implementation of our ‘One ELC’ operating model, we are building a faster, more agile, consumer-focused organization — one that is accelerating innovation, strengthening execution, scaling winning ideas globally, and investing behind the highest-growth opportunities across our portfolio.

 

 

At the same time, we will continue to evaluate and evolve our portfolio to ensure we have the right assets to drive the most compelling growth opportunities, including both potential acquisitions and divestitures.

 

 

We remain relentlessly focused on driving sustainable sales growth, expanding profitability, and delivering a solid double-digit adjusted operating margin over time, all while creating long-term value for stockholders.”

 

 

Forward-Looking Statements

 

 

The forward-looking statements in this press release, including those in the quoted remarks and those relating to the benefits and other expectations, involve risks and uncertainties. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Factors that could cause actual results to differ from those forward-looking statements include current economic and other conditions, including volatility, in the global marketplace, actions by retailers, suppliers and consumers, competition, and those risk factors described in The Estée Lauder Companies’ annual report on Form 10-K for the year ended June 30, 2025. The Estée Lauder Companies undertakes no obligation to update any forward-looking statements, except as required by law.

 

 

About The Estée Lauder Companies Inc.

 

 

The Estée Lauder Companies Inc. is one of the world’s leading manufacturers, marketers, and sellers of quality skin care, makeup, fragrance, and hair care products, and is a steward of luxury and prestige brands globally. The company’s products are sold in approximately 150 countries and territories under brand names including: Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, La Mer, Bobbi Brown Cosmetics, Aveda, Jo Malone London, Bumble and bumble, Darphin Paris, TOM FORD, Smashbox, AERIN Beauty, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, KILIAN PARIS, Too Faced, Dr.Jart+, the DECIEM family of brands, including The Ordinary and NIOD, and BALMAIN Beauty.

 

 

ELC-C

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260521769350/en/

 

Business Wire India

Lenovo GroupLimited (HKSE: 992) (ADR: LNVGY), together with its subsidiaries (‘the Group’), today reported fourth quarter and full year results for fiscal year 2025/26, marking an exceptional Q4 and the strongest year in the Group’s history. During the quarter, overall Group revenue reached an all-time fourth quarter high of US$21.6 billion, up 27% year-on-year, marking the highest year-on-year growth rate in five years, with adjusted net income^[1]doubling year-on-year to US$559 million. AI-related revenue^[2] stood out as a leading growth engine, growing 84% year-on-year to account for 38% of total Group revenue in Q4.

 

For the full year, the Group delivered record revenue of US$83.1 billion, with adjusted net income growing 42% year-on-year to US$2 billion. All business groups achieved solid double-digit year-on-year revenue growth, with a notable record full-year performance from the Infrastructure Solutions Group (ISG) with revenue of US$19.2 billion, full-year profitability, and US$142 million year-on-year improvement in operating profit. AI-related revenue doubled year-on-year accounting for 33% of Group revenue in the full year.

 

 

The fourth quarter and full-year results demonstrate the Group’s ability to sustain growth and strengthen its competitive position while navigating a complex external environment marked by supply shortages and rising component costs. Its operational excellence – underpinned by a balanced global business and manufacturing footprint, and global-local operating model – has delivered strong structural resilience in a volatile environment. The Group also continued to increase investment in innovation, with R&D expenses rising 16% year-on-year in the fourth quarter to 3.5% of Group revenue and increasing 9% year-on-year to 3% of full year Group revenue. At the same time, continued progress in delivering its Hybrid AI vision is positioning Lenovo at the forefront of the AI inferencing and democratization era.

 

 

Lenovo’s Board of Directors declared a final dividend of 33.70 HK cents per share for the fiscal year ended March 31, 2026.

 

 

Chairman and CEO quote – Yuanqing Yang:

 

 

“Lenovo concluded its best year ever with an exceptional fourth quarter, where we delivered on our promises. We returned our Infrastructure Solutions Group to a sustainable and profitable growth trajectory and achieved hyper-growth by capturing the opportunity of the booming AI infrastructure market. Through firm execution of our Hybrid AI strategy, we are uniquely positioned to lead in the new wave of AI inferencing and democratization. With strong momentum across all our businesses, we are confident in our ambition to become a US$100 billion company within the next two years, while continuing to deliver strong returns for our shareholders.”

 

 

Financial Highlights:

 

 

	Q4 FY25/26 US$ millions	Q4 FY24/25 US$ millions	Change		FY25/26 US$ millions	FY24/25 US$ millions	Change
Group Revenue	21,588	16,984	27%		83,075	69,077	20%
Net Income (profit attributable to equity holders)	521	90	479%		1,912	1,384	38%
Adjusted Net Income (profit attributable to equity holders – non-HKFRS) [1]	559	278	101%		2,049	1,441	42%
Basic earnings per share (US cents)	4.32	0.73	3.59		15.63	11.30	4.33

 

Q4 results:

 

Intelligent Devices Group (IDG):

 

 

• Revenue for IDG increased 24% year-on-year to US$14.6 billion, with PC and Smart devices revenue up 26% year-on-year, the highest growth rate in five years. Operating margin was well maintained at 6.9%.
• In PCs Lenovo maintained its significant profit lead against the competition, shipment growth outpacing the market by nearly six percentage points. In addition, it was the only company among the top five global vendors to deliver consecutive positive year-on-year shipment growth during the past 10 quarters.
• Global PC market share reached a fourth quarter high at 24.4%, retaining the #1 position, with the gap between the #1 and #2 players in the industry widening to the largest in 15 years.
• Premium PC shipment mix reached 50% in the fourth quarter, with shipments up 29% year-on-year, reflecting strong execution in higher-value segments.
• For the mobile business, Motorola smartphones achieved record fourth-quarter shipments, delivering double-digit revenue growth year-on-year.

 

Infrastructure Solutions Group (ISG):

 

• ISG’s turnaround delivered the highest ever operating profits and margins since entering the business, with record quarterly revenue of US$5.6 billion, up 37% year-on-year, and operating profit of US$202 million.
• The business is seeing robust momentum across the board, with an AI server business pipeline of US$21 billion and more than 5,800 customer AI deployments.
• Rack-scale execution advanced, with first GB300 NVL72 racks shipped last quarter and Rubin-based platforms on track for targeted time-to-market in the second half, supporting faster time to first token and scaled customer delivery.
• Annual server manufacturing capacity surpassed 70,000 racks across AI, compute, and storage systems, including more than 11,000 Direct Liquid-Cooled racks purpose-built for AI workloads.
• The acquisition of Infinidat was completed in early April, strengthening ISG’s high-end enterprise storage capabilities and unlocking long-term potential for margin expansion and broader market opportunities.

 

Solutions and Services Group (SSG):

 

• SSG sustained its double-digit year-on-year revenue growth and high profitability of more than 20%, with revenue growing to US$2.6 billion, up 19% year-on-year, and extending five consecutive years of double-digit year-on-year revenue growth.
• A record 62% of revenue came from Managed Services and Project and Solutions, accelerating the shift to higher‑value, recurring services delivered through a scalable, tech‑led, labor‑light model, underpinned by deep domain and industry expertise.
• Lenovo Hybrid AI Advantage™ continued to gain traction, helping customers reduce time to first token with AI Factory and increase value per token through more than 60 AI use cases in the AI Library, scaling across manufacturing, retail, and sports.
• TruScale emerged as a key growth driver, helping enterprises and cloud providers scale AI in production through a flexible, consumption-based model that accelerated deployment, improved utilization, and enabled AI scaling with greater cost predictability and supply assurance.

 

Full fiscal year summary

 

Group revenue surpassed US$80 billion for the first time at US$83.1 billion, up 20% year-on-year. Adjusted net income grew 42% year-on-year to US$2 billion, growing twice as fast as revenue. All business groups achieved double-digit year-on-year revenue growth, and the key growth engine of AI saw AI-related revenue growing 105% year-on-year to become 33% of Group revenue. R&D expenses were up 9% year-on-year to 3% of Group revenue. Key business group highlights include:

 

 

• IDG – full year revenue of US$58.9 billion, up 17% year-on-year, with strengthened market leadership across PC segments and adjacencies.
• ISG – record full-year revenue of US$19.2 billion, up 32% year-on-year, reaching full-year profitability with operating profit improving to US$73 million.
• SSG – revenue surpassed the US$10 billion revenue mark for the first time, up 19% year-on-year, with operating profits more than doubling over the past five fiscal years.

 

Corporate and ESG highlights

 

Achievements, announcements, and notable commitments over the past quarter include:

 

 

• Lenovo earned the EcoVadis Platinum Medal, reaffirming its position among the top 1% of companies assessed globally, and was recognized as a SERI Champion for its leadership in electronics sustainability.
• Lenovo was recognized by Corporate Knights as one of the World’s Most Sustainable Companies, and named by Forbes among the World’s Best Employers 2025 and World’s Top Companies for Women 2025.
• Lenovo was also included for the eighth consecutive year in the Human Rights Campaign Foundation’s Corporate Equality Index, earning a score of 95%.

 

[1] Note on adjusted net income: Adjusted measure was defined as financial metric by excluding net fair value changes on financial assets at fair value through profit or loss, amortization of intangible assets resulting from mergers and acquisitions, impairment and write-off of intangible assets , property, plant and equipment and construction-in-progress, fair value change on derivative financial liabilities relating to warrants, one-time income tax credit, restructuring charges, dilution gain on interests in associates and a joint venture, impairment of interests in associates, gain on deemed disposal of a subsidiary, and notional interest on convertible bonds; and the corresponding income tax effects, if any.

[2] Note on AI-related revenue: AI Devices: PCs and Smartphones equipped with NPU; AI Servers: GPU Servers; AI Services: Services that enable customer to build, scale & manage AI.

About Lenovo

 

Lenovo is a US$83 billion revenue global technology powerhouse, ranked #196 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Guided by its vision of “Smarter Technology for All”, Lenovo is executing a Hybrid AI strategy that spans Personal AI – one personal AI, multiple devices; and Enterprise AI – helping customers turn data into insights and value. This strategy is delivered through the Group’s commitment to world-class innovation and a full-stack AI portfolio, including devices (PCs, workstations, smartphones, tablets, accessories), infrastructure solutions (server, storage, edge, high performance computing and software defined infrastructure), as well as software, solutions, and services. With a global footprint spanning 21 research and development locations in 11 markets, and a global supply chain including more than 30 manufacturing sites across 10 markets, Lenovo is widely recognized for its operational excellence, including ranking #8 in the Gartner Supply Chain Top 25. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). Learn more at www.lenovo.com and follow the latest news in our newsroom.

 

 

LENOVO GROUP       FINANCIAL SUMMARY   For the quarter and year ended March 31, 2026   (in US$ millions, except per share data)
		Q4 FY25/26	Q4 FY24/25	Y/Y CH		FY25/26	FY24/25	Y/Y CH
Revenue		21,588	16,984	27%		83,075	69,077	20%
Gross profit		3,539	2,783	27%		12,809	11,098	15%
Gross profit margin		16.4%	16.4%	0 pts		15.4%	16.1%	(0.7) pts
Operating expenses		(2,653)	(2,452)	8%		(9,547)	(8,934)	7%
R&D expenses (included in operating expenses)		(748)	(644)	16%		(2,490)	(2,288)	9%
Expenses–to-revenue ratio		12.3%	14.4%	(2.1) pts		11.5%	12.9%	(1.4) pts
Operating profit		886	331	167%		3,262	2,164	51%
Other non-operating income/(expenses) – net		(151)	(153)	(2%)		(592)	(683)	(13%)
Profit before taxation		735	178	314%		2,670	1,481	80%
Taxation		(141)	(54)	165%		(510)	(19)	2596%
Profit for the period/year		594	124	378%		2,160	1,462	48%
Non-controlling interests		(73)	(34)	112%		(248)	(78)	220%
Net Income   (Profit attributable to equity holders)		521	90	479%		1,912	1,384	38%
Adjusted Net Income (Profit attributable to equity holders – non-HKFRS)[1]		559	278	101%		2,049	1,441	42%
Earnings per share (US cents) Basic Diluted		4.32   3.80	0.73   0.71	3.59   3.09		15.63   13.91	11.30   10.62	4.33   3.29

 

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260521007160/en/

 

Business Wire India

Transcorp International Limited records its highest earnings from business operations to date, surpassing all previous quarters and financial years. The Company announced its financial results for the quarter and year ended 31^st March 2026, demonstrating strong growth in profitability, consistent dividends and disciplined cost and compliance controls. 

 

Financial Performance Highlights:

Standalone (Q4 FY26):

• Profit Before Tax (PBT) stood at Rs. 511.25 Lakhs:
  • Representing a 2.8x increase over the immediately preceding quarter (Rs. 179.64 lakhs in Q3 FY26).
  • A fourfold year-on-year growth compared to Rs. 125.46 lakhs in the corresponding quarter of the previous year.
• Finance Costs reduced by over 30% compared to the previous quarter.

Financial Year FY26:

• Profit Before Tax (PBT) increased significantly to Rs. 897.79 Lakhs:
  • Representing a robust 2.5X increase over Rs. 356.52 Lakhs PBT reported in the previous FY25.
  • Marking the Company’s highest ever profitability from business operations.

Shareholder Value Creation:

• Interim Dividend Declared: 10%
• Final Dividend: 20%
• Total Dividend for FY26: 30%

 

Continuing its commitment towards long-term shareholder value creation and consistent track record of regular dividend distribution, the Board has recommended a 30% dividend for the Financial Year 2025-26 reflecting strong financial stability and healthy cash flows.

 

Significant Developments:

 

Bank Account at RBI and IFSC Code: Transcorp has emerged as one of the first non-Bank entities to have an operative bank account held with the Reserve Bank of India and has also been allocated its own IFSC code. This will allow the company to initiate and settle RTGS / NEFT transactions, and participate in inter-bank and direct network settlements; amongst other banking advantages. The development reinforces the Company’s position as a trusted and regulator-aligned participant within India’s evolving digital financial services ecosystem and strengthens its regulated banking and payments infrastructure.

 

New regulatory framework for Trade / Business related Remittances: Empowered with the Reserve Bank of India’s progressive policies and its AD2 license; the Company is now authorised to facilitate trade / business related outward and inward remittances (both to and from India). So far, this authorisation has been reserved exclusively for Banks.

 

NIL Public Fixed Deposits and Long Term Borrowings: The Company has no outstanding public fixed deposits or long-term borrowings as on date, having fully repaid all such liabilities. Consequently, finance and related costs for FY26 have been optimised to their lowest levels.

 

Management Commentary:

 

Rajesh Garg, Executive Director & Chief Financial Officer, commented:

 

“The strong improvement in profitability during the quarter and year-end reflects our disciplined execution, focus on operational efficiency, and prudent financial management. We remain committed to maintaining financial prowess while pursuing sustainable growth opportunities that enhance long-term stakeholder value.”

 

“During FY26, the Company declared dividends on two occasions comprising an Interim Dividend of 10% and a Final Dividend of 20%, resulting in a total dividend payout of 30%. The Company continues to maintain its disciplined compliance led approach aligned with RBI regulations, SEBI requirements, IRDAI norms and other applicable statutory frameworks. Moreover, no investor or SEBI related complaints remain pending.”

 

“Notwithstanding moderation in topline turnover during the period, the Company has continued to deliver consistent growth in the bottom line surpassing the budgeted figures. This improvement reflects meaningful margin expansion driven by enhanced cost efficiencies, better resource allocation, and a sharper focus on profitable business segments, underscoring the strength and resilience of the Company’s operating model.”

 

Mr. Ayan Agarwal, CEO (Payment Systems), said:

 

“During the quarter, the Company achieved important milestones in strengthening its payment systems infrastructure and regulatory positioning. The Company received an ‘In-Principle Approval’ from the Reserve Bank of India in January 2026 for participation in the Centralised Payment Systems (CPS) framework, marking a significant step towards deeper integration within India’s digital payment ecosystem and earning the regulator’s trust.”

 

“These developments reinforce the Company’s long-term commitment towards building a robust, compliant, and scalable payments platform aligned with the evolving regulatory framework. Transcorp has emerged as the largest non-bank entity in terms of transaction value for various payment networks in India.”

 

“The Payment Systems division’s income from operations has more than doubled; demonstrating the lucrative prospects of the business and the Company’s resilience in a competitive industry. Following strengthened and novel integrations with ecosystem partners including RBI, networks, and marquee fintech clients – consistent growth is in line with expectations.”

Business Wire India

The deal would be part of a 360° partnership with Randstad involving:

• Proposed acquisition of USD 500M+ (€469M) business, primarily across Aerospace & Defence, Automotive, Utilities and BFS
• Five-year IT services partnership to drive AI-enabled transformation for Randstad’s India Global Capability Center
• Strategic talent MSP to support LTM’s expanding global workforce

 

LTM and Randstad announced that LTM has issued an offer to acquire Randstad’s Technology and Consulting Services business in France, Germany, Belgium, Luxembourg and Australia, representing USD 500+ million (€469M) in annual revenue, to scale domain-driven solutions and AI services in the region.

 

The proposed acquisition would expand LTM’s presence in key markets, primarily across Aerospace & Defence, Automotive, Utilities and BFS. It would enable local domain expertise and complementary regional capabilities in domain-driven digital engineering, cybersecurity and IoT, supported by onshore and nearshore delivery through centers in Romania and Portugal.

 

This would create a more diversified portfolio for LTM – expanding its scale in Europe and Australia, enhancing its position in regulated and high-growth verticals through marquee customer relationships.

 

The deal would augment LTM’s global AI-centric capabilities with local domain and near-shore expertise crucial for delivering digital and AI transformation for customers in a sovereign-compliant and scalable model. It would reinforce LTM’s global delivery foundation through expanded regional presence.

 

The proposed acquisition is part of a 360° collaboration including a five-year IT services partnership to drive AI-enabled transformation for Randstad’s India Global Capability Center, and a strategic talent MSP to support LTM’s expanding global workforce.

 

Venu Lambu, CEO & MD of LTM said: “The proposed agreement is aligned with our five-year strategy to build a more resilient, diversified, balanced portfolio. By combining our global AI-centric capabilities with local context and industry depth, this acquisition would strengthen our ability to deliver compliant, domain-driven AI services and sovereign solutions in markets that are strategically important to us. This 360° partnership with Randstad would be a key step forward in our growth journey.”

 

Sander van ‘t Noordende, CEO of Randstad said: “The proposed agreement marks a deliberate step in our Partner For Talent strategy. By partnering with LTM, we would ensure our clients continue to receive world-class services while we streamline our portfolio to invest in growth segments and digital marketplaces that offer the most scale and value. We are equally excited to partner with LTM in India, where their AI expertise will be instrumental in evolving our digital capabilities.”

This acquisition is proposed to be completed through LTM’s wholly owned subsidiary – LTIMindtree UK Limited (‘LTM UK’) subject to customary regulatory approvals, and other closing conditions.