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Business Wire India

iPrudent (formerly Prudent Asset India Pvt Ltd), one of India’s leading mutual fund distribution and wealth management firms, today announced a significant expansion of the leadership team for its flagship mutual fund investment platform, MF Bharat. The move marks a key milestone in the company’s journey to build a scalable, research-driven, and truly inclusive investing ecosystem for India.

MF Bharat is built on a strong belief that mutual funds remain one of the most disciplined and structured vehicles for long-term wealth creation. By combining professional fund management, disciplined investing principles, and the power of compounding, the platform aims to enable every Indian to participate meaningfully in India’s growth story- irrespective of geography, income level, or investment experience.

Despite India’s rapid financial growth, participation in mutual funds remains concentrated. MF Bharat is designed to bridge this gap by extending access and awareness beyond traditional investor segments, reaching individuals in Tier 2 and Tier 3 cities as well as first-time investors across all walks of life.

Strengthened Leadership Team

Sunil Gupta – Managing Director & CEO, MF Bharat

With over 24+ years of experience in financial services, mutual fund distribution, and wealth management, he has been instrumental in building Prudent Asset into one of India’s leading advisory-led distribution platforms. He has led large-scale business expansion, client acquisition strategies, and the development of investor-first financial ecosystems across India. His focus has consistently been on democratizing access to investing and building scalable wealth creation platforms.

Rajnish Mehan – Chief Business and Strategy Officer

With over 23+ years of experience in financial services, investment strategy, and wealth advisory, he has played a key role in strengthening Prudent Asset’s research-driven approach and expanding its multi-branch distribution network. He has been central to building structured advisory frameworks, enhancing business strategy, and driving sustainable growth across client segments and geographies.

Sunil Subramaniam – Strategic Advisor

With over 40+ years of experience across banking, corporate finance, and asset management, he brings deep macroeconomic insight and institutional leadership. He has held senior roles at leading financial institutions, including long leadership stints in mutual fund management and banking operations. Under his stewardship at Sundaram Mutual Fund, he guided large-scale AUM growth and helped build strong investment frameworks across market cycles.

Ambareesh Baliga – Strategic Advisor

With over 35+ years of experience in capital markets and investment advisory, he is widely respected for his deep understanding of market cycles and investor behavior. He has been actively involved in equity research, portfolio strategy, and investor education across market segments. His insights will contribute significantly to strengthening MF Bharat’s market perspective and investor outreach.

Puneet Gupta – Technology Advisor

With over 12+ years of experience in technology architecture and digital platform development, he specializes in building scalable, secure, and high-performance fintech systems. He has led multiple technology transformation initiatives focused on platform stability, user experience enhancement, and digital infrastructure design. At MF Bharat, he will drive the technology backbone and digital scalability of the platform.

Anurag Srivastava – Product Advisor

With over 6+ years of experience in product strategy and digital financial solutions, he has worked extensively on designing user-centric platforms that simplify investing journeys. His expertise lies in translating complex financial products into intuitive digital experiences, improving engagement, usability, and customer journey design across fintech ecosystems.

“This is a defining step in MF Bharat’s journey. We are building a platform that goes beyond investing- it is about inclusion, education, and long-term wealth creation for every Indian,” said Sunil Gupta, MD & CEO, MF Bharat.

“Our focus has always been to build a research-driven and scalable ecosystem that connects savings to structured investing. This strengthened leadership team brings together the right blend of experience, innovation, and execution capability to accelerate that vision,” added Rajnish Mehan.

With this expanded leadership structure, MF Bharat is strongly positioned to scale its presence across India, deepen investor engagement, and drive financial inclusion in underserved markets. The platform continues to integrate technology, education, and expert insights to simplify investing and empower users at every stage of their financial journey.

This development reinforces MF Bharat’s long-term vision of becoming a trusted, nationwide mutual fund investment platform, aligned with iPrudent’s core philosophy of integrity, innovation, and intelligent investing.

For more information, visit: https://mfbharat.live/home

Business Wire India

• Creation of a next‑generation energy transition platform: The proposed transaction brings together SAF, green methanol, renewable products, environmental attribute monetization, and advanced energy infrastructure into a single, globally scalable platform.
• Integrated fuels, infrastructure, and environmental markets: The combined company is expected to link low‑carbon fuel production with carbon credits and related instruments, long‑term offtake commercialization, and infrastructure development.
• Supports customer decarbonization strategies: By combining scalable low‑carbon fuels with environmental attribute monetization, the platform helps airlines and corporate customers address regulatory and sustainability requirements with greater flexibility.

 

XCF Global, Inc. (Nasdaq: SAFX) (“XCF”), a key player in decarbonizing the aviation industry through sustainable aviation fuel (“SAF”), and DevvStream Corp. (NASDAQ: DEVS) (“DevvStream”), a leading carbon management and environmental-asset monetization firm, today announced the execution of a definitive Business Combination Agreement with Southern Energy Renewables Inc. (“Southern”), an important next milestone in the three parties’ previously announced initiative to establish a combined energy transition platform designed to develop and scale sustainable aviation fuel (“SAF”), green methanol, renewable products, and next-generation low-carbon energy infrastructure, while embedding environmental attribute monetization across the value chain. This platform will be able to compete with China and the world on providing fuels and other products without subsidies. The transaction remains subject to customary closing conditions as well as the other terms, closing conditions and termination events (including failure to timely receive the applicable fairness opinions) set forth in the Business Combination Agreement.

 

The combined company is being formed with the objective of building a multi-asset, globally scalable alternative energy platform. The platform is expected to integrate low-carbon fuels, including SAF, methanol, renewable products, and methanol-to-jet fuel pathways; environmental attribute monetization, including carbon credits and related instruments; advanced energy systems, including small modular nuclear reactors (“SMRs”) to power fuel production and AI data centers; and infrastructure development together with long-term offtake commercialization.

 

 

The parties believe the platform has the potential to achieve substantial scale and has significant long-term growth potential across fuel production, infrastructure and environmental markets.

 

 

Transaction Structure

 

 

The transaction will be executed through a series of mergers and restructuring steps. DevvStream will domesticate from Alberta to Delaware prior to closing. XCF will acquire 100% of DevvStream and Southern through merger subsidiaries, and DevvStream and Southern will each survive as wholly owned subsidiaries of XCF. Existing shareholders of DevvStream and Southern will receive shares of XCF common stock.

 

 

Following closing, ownership of the combined company is expected to be approximately 66.7% for existing XCF shareholders, 23.3% for Southern shareholders, and 10.0% for DevvStream shareholders.

 

 

Capital Formation and Infrastructure Investment

 

 

As part of the transaction, XCF has been investing ~$10 million into the buildout and conversion of its New Rise Reno facility to support SAF production and blending capacity. The platform is designed to support large-scale fuel production and commercialization, including long-term offtake agreements. Southern is also expected to pursue up to $400 million in bond financing to support infrastructure expansion.

 

 

The combined company is also targeting (and the transaction is conditioned upon the achievement of) key operational milestones, including annualized fuel-related revenues exceeding $1 billion, minimum annualized EBITDA of $100 million.

 

 

Strategic Rationale

 

 

The combination brings together complementary capabilities across the energy and sustainability value chain. DevvStream contributes environmental asset development, carbon credit generation and monetization capabilities. Southern contributes product diversification, technology development, and clean end products that compete with traditional end products. XCF contributes platform-level capital markets access and an alternative energy investment strategy. For customers, this integrated platform is designed to expand access to lower-carbon, non-fossil-based fuel solutions while providing greater flexibility in how emissions reductions are achieved and verified, helping airlines and corporate customers meet regulatory, compliance, and decarbonization objectives across diverse markets and feedstock pathways.

 

 

Together, the parties believe the combined company will be positioned to accelerate deployment of renewable and distributed energy infrastructure, scale the generation and monetization of environmental assets, and deliver integrated, financeable sustainability solutions to global markets.

 

 

Leadership Commentary

 

 

Chris Cooper, Chief Executive Officer of XCF Global, added, “Our goal is to build one of the most comprehensive alternative energy platforms in the market, combining production, power, and monetization. This transaction accelerates that vision. For airlines and corporate customers, this means greater access to scalable SAF solutions, paired with high-integrity environmental attributes that support compliance, reporting, and long-term decarbonization goals across diverse markets.”

 

 

Sunny Trinh, Chief Executive Officer of DevvStream, commented, “This transaction establishes a platform with the scale, integration, and ambition to compete globally in the energy transition. We are aligning infrastructure, fuels, and environmental markets into a single, scalable business model.”

 

 

Jay Patel, Chief Executive Officer of Southern Energy Renewables, commented, “Southern’s ability to bring the next generation of technology and projects to help provide clean products without the need of government subsidies is a true gamer changer. Together we plan to bring energy independence and support the domestic supply chain with a diversified product portfolio. The great thing about this platform is that we will be able to compete with China and the rest of the world; too long has China been able to set the benchmark products used worldwide.”

 

 

Approvals and Closing Conditions

 

 

The transaction is subject to shareholder approvals, SEC registration statement effectiveness on Form S-4, stock exchange approvals including Nasdaq listing, completion of financing, plant conversion and commercial milestones and fairness opinions.

 

 

About XCF Global, Inc.

 

 

XCF Global, Inc. (“XCF”) (Nasdaq: SAFX) is an emerging sustainable aviation fuel company dedicated to accelerating the aviation industry’s transition to net-zero emissions. Our flagship facility, New Rise Reno, has a permitted nameplate production capacity of 38 million gallons per year, positioning XCF as an early mover among large-scale SAF producers in North America. XCF is working to advance a pipeline of potential expansion opportunities in Nevada, North Carolina, and Florida, and to build partnerships across the energy and transportation sectors to scale SAF globally. XCF is listed on the Nasdaq Capital Market and trades under the ticker, SAFX.

 

 

To learn more go to XCF.Global

 

 

About DevvStream

 

 

DevvStream (Nasdaq: DEVS) is a carbon management company focused on the development, investment, and sale of environmental assets worldwide, including carbon credits and renewable energy certificates.

 

 

About Southern Energy Renewables

 

 

Southern Energy Renewables Inc. is a U.S.-based clean fuels, chemicals and products developer focused on advancing large-scale biomass-to-fuels projects. These projects are designed to produce carbon-negative SAF and green methanol, supported by integrated carbon capture and sequestration.

 

 

Additional Information and Where to Find It

 

 

In connection with the proposed business combination transaction among XCF, DevvStream and Southern, XCF will prepare and file relevant materials with the Securities and Exchange Commission (the “SEC”), including a registration statement on Form S-4 that will contain preliminary proxy statements of DevvStream and XCF that also constitutes a prospectus of XCF (the “Proxy Statements/Prospectus”). A definitive proxy statement is expected to be mailed to stockholders of DevvStream and XCF as of a record date to be established for voting on the proposed business combination transaction and other matters as described in the Proxy Statements/Prospectus. DevvStream, XCF and Southern may also file other documents with the SEC and Canadian securities regulatory authorities regarding the proposed transaction. This communication is not a substitute for any proxy statement, registration statement or prospectus, or any other document that DevvStream and Southern (as applicable) may file with the SEC or Canadian securities regulatory authorities in connection with the proposed transaction. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS OF DEVVSTREAM ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE PROXY STATEMENTS/PROSPECTUS WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED BY DEVVSTREAM OR SOUTHERN WITH THE SEC OR CANADIAN SECURITIES REGULATORY AUTHORITIES, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, IN CONNECTION WITH THE PROPOSED TRANSACTION, WHEN THEY BECOME AVAILABLE BECAUSE THESE DOCUMENTS CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION AND RELATED MATTERS. DevvStream’s investors and security holders will be able to obtain free copies of the Proxy Statement/Prospectus (when they become available), as well as other filings containing important information about DevvStream, Southern, and other parties to the proposed transaction, without charge through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by (i) XCF will be available free of charge under the tab “Financials” on the “Investors” page of the XCF’s website at https://xcf.global/investor-relations/financials/sec-filings/ or by contacting the XCF’s Investor Relations Department at safx@xcf.global and (ii) DevvStream will be available free of charge under the tab “Financials” on the “Investor Relations” page of DevvStream’s website at www.devvstream.com/investors/ or by contacting DevvStream’s Investor Relations Department at ir@devvstream.com.

 

 

Participants in the Solicitation

 

 

DevvStream, Southern, XCF, EEME and their respective directors and certain of their respective executive officers and employees may be deemed to be participants in the solicitation of proxies from DevvStream’s and XCF’s stockholders in connection with the proposed transaction. Information regarding directors and executive officers of (i) XCF is contained in a Current Report on Form 8-K/A, filed with the SEC on October 31, 2025, its Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 31, 2026, and in other documents subsequently filed with the SEC and (ii) DevvStream is contained in DevvStream’s proxy statement for its 2025 annual meeting of stockholders, filed with the SEC on November 18, 2025 and in other documents subsequently filed with the SEC. Additional information regarding the participants in the proxy solicitations and a description of their direct or indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement/Prospectus and other relevant materials filed with the SEC (when they become available). These documents can be obtained free of charge from the sources indicated above.

 

 

No Offer or Solicitation

 

 

This press release is for informational purposes only and is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any offer, solicitation or sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

 

 

Cautionary Note Regarding Forward-Looking Statements

 

 

This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that involve substantial risks and uncertainties, including statements regarding the proposed transactions contemplated by the business combination agreement, the anticipated structure, timing and conditions of the proposed transaction, the anticipated completion of the plant conversion, the achievement of specified financial and operational milestones (including annualized blended fuel product revenues in excess of $1.0 billion and minimum annualized EBITDA of $100 million), the anticipated issuance of state-supported bonds by Southern, the valuation the parties are aiming to achieve. All statements, other than statements of historical facts, are forward-looking statements, including: statements regarding the expected timing, structure and terms of the proposed transaction; the ability of the parties to complete the proposed transaction considering the various closing conditions; the expected benefits of the proposed transaction; legal, economic, and regulatory conditions; and any assumptions underlying any of the foregoing. Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words “aim,” “may,” “will,” “should,” “potential,” “intend,” “expect,” “endeavor,” “seek,” “anticipate,” “estimate,” “overestimate,” “underestimate,” “believe,” “plan,” “could,” “would,” “project,” “predict,” “continue,” “target,” “objective,” “goal,” “designed,” or the negatives of these words or other similar terms or expressions that concern XCF’s, DevvStream’s, or Southern’s expectations, strategy, priorities, plans, or intentions. Forward-looking statements are based upon current plans, estimates, expectations, and assumptions that are subject to risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from those expressed or implied by such forward-looking statements.

 

 

We can give no assurance that such plans, estimates, or expectations will be achieved, and therefore, actual results may differ materially from any plans, estimates, or expectations in such forward-looking statements.

 

 

Forward-looking statements are based on current expectations, estimates, assumptions and projections and involve known and unknown risks and uncertainties that may cause actual results, developments or outcomes to differ materially from those expressed or implied by such statements. Important factors that could cause actual results, developments or outcomes to differ materially include, among others: (1) changes in domestic and foreign business, market, financial, political, regulatory and legal conditions; (2) the risk that the plant conversion is delayed, not completed on the anticipated timeline, or requires additional capital beyond current expectations; (3) the risk that XCF is unable to achieve the specified annualized revenue and EBITDA thresholds, which depend in significant part on XCF’s business performance, operating results, market demand, execution capabilities, and other factors; (4) the risk that Southern does not receive authorization to issue up to $400 million of bonds, that such bonds are delayed, issued on less favorable terms, or not issued at all; (5) the risk that XCF is unable to obtain or maintain compliance with applicable Nasdaq continued listing standards, including regaining compliance with $1.00 minimum bid price requirement, which could result in delisting if compliance is not regained within applicable cure periods; (6) the inability to satisfy or waive the closing conditions contemplated by the business combination agreement; (7) the occurrence of events, changes or other circumstances that could give rise to the termination of the business combination agreement, or that could result in disputes or litigation relating to the interpretation, enforceability or performance of the business combination agreement; (8) the outcome of any legal proceedings that may be instituted against XCF, DEVS, Southern, EEME or their respective affiliates, which could be costly, time-consuming, divert management attention and adversely affect liquidity or financial condition; (9) uncertainty with respect to the scope, timing or completion of due diligence by any party and each party’s satisfaction therewith; (10) uncertainty regarding valuations, capital structure, financing arrangements, equity ownership, or the allocation of economic interests contemplated by the business combination agreement, including the risk that, in the event the proposed transaction closes, the parties may never achieve their aim of creating a $3.0 billion combined enterprise (as of the date hereof this statement only represents an objective that the parties intend to achieve on a future date and such objective has not in the past and may never in the future be achieved); (11) changes to the structure, timing or terms of any proposed transaction that may be required or deemed appropriate as a result of applicable laws, regulations, accounting considerations, stock exchange requirements or regulatory guidance; (12) the risk that required regulatory, governmental, stock exchange or shareholder approvals are not obtained, are delayed or are subject to conditions that could adversely affect the parties or the expected benefits of any contemplated transaction; (13) the risk that the announcement of the business combination agreement or the pursuit of the contemplated transactions disrupts current plans, operations or relationships of XCF, DEVS or Southern; (14) the risk that anticipated benefits of any contemplated transaction are not realized due to competition, execution challenges, market conditions, or the inability to grow and manage operations profitably; (15) costs, expenses and management distraction associated with the potential litigation and any contemplated transactions; (16) changes in applicable laws, regulations or enforcement priorities, including extensive regulation and compliance obligations applicable to the parties’ businesses; and (17) other economic, business, competitive, operational or financial factors beyond management’s control, including those set forth in (i) XCF’s filings with the SEC, including the final proxy statement/prospectus relating to the Business Combination filed with the SEC on February 6, 2025, this Press Release and other filings XCF made or will make with the SEC in the future and (ii) DevvStream’s Form 10-K for the fiscal year ended July 31, 2025, filed with the SEC on November 6, 2025, and subsequent reports filed with SEC and Canadian securities regulatory authorities available on DevvStream’s profile at www.sedarplus.ca.

 

 

Although the business combination agreement is binding on the parties, it does not obligate the parties to consummate the proposed transaction. The consummation of the proposed transaction remains subject to the satisfaction or waiver of applicable closing conditions, and the business combination agreement may be terminated in accordance with its terms. There can be no assurance that the proposed transaction will be consummated on the terms described herein or at all. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof and are not guarantees of future performance or outcomes.

 

 

Any forward-looking statements speak only as of the date of this press release. Neither DevvStream, XCF, Southern or EEME undertakes any obligation to update any forward-looking statements, whether as a result of new information or developments, future events, or otherwise, except as required by law. Neither future distribution of this press release nor the continued availability of this press release in archive form on DevvStream’s website at www.devvstream.com/investors/ or XCF’s website at www.xcf.global/investor-relations should be deemed to constitute an update or re-affirmation of these statements as of any future date.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260414958840/en/

 

Business Wire India

The LYCRA Company, a global leader in fiber and technology solutions for the apparel industry, today announced the global launch ofLYCRA^® VintageFX fiber at Kingpins Amsterdam, April 15-16. This next-generation fiber delivers the authentic look of vintage denim in modern silhouettes while providing the comfort, fit and shape retention that consumers expect from stretch denim.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260414923000/en/

 

 

 

Designed for denim and woven fabrics, LYCRA^® VintageFX fiber sets a new performance benchmark, enabling brands and mills to recreate rigid, heritage-inspired looks without sacrificing recovery, durability, or wearer comfort. This innovation responds to the industry’s shift toward away-from-the-body silhouettes and looser fits—including wide-leg, flares, boyfriend, and mom jeans—where maintaining fit and stability remains a challenge, particularly in the waist, hips and crotch.

 

“After previewing LYCRA^® VintageFX fiber at Kingpins Amsterdam last year, we’re excited to officially introduce it to the global denim community,” said Ebru Ozaydin, product category director – denim and ready-to-wear at The LYCRA Company. “For brands and garment makers, its dual-core yarn construction, low growth, and high recovery open new design possibilities. These features enable compact, less bulky fabrics with an authentic vintage appearance, but without the instability of traditional low-stretch constructions.”

 

 

A New Standard in Comfort Stretch Denim

 

 

Engineered with a proprietary and patent-pending fabric application, LYCRA^® VintageFX fiber works in tandem with LYCRA^® fiber in a dual-core structure. During finishing, this fiber shrinks under heat, controlling elastic extension, protecting the fiber core, and delivering enhanced shape retention to reduce bagging and sagging. Additional technical benefits include:

 

 

• Low growth and good recovery, even after industrial wash and bleach processes
• Compact fabric construction for better drape and less bulk
• Authentic vintage denim aesthetics with soft compression and a gentle-to-the-skin feel
• Reduced seam slippage for improved garment quality and longer wear life

 

The result is a fabric solution that supports modern comfort stretch denim, balancing heritage-inspired looks with the needs of contemporary lifestyles. Apparel made with this fiberalsoqualifies for LYCRA XTRA LIFE^® fiber branding at the point of sale, reinforcing garment durability.

 

Value for Brands and Retailers

 

 

“LYCRA^® VintageFX fiber enables brands and retailers to deliver a strong consumer value proposition, filling a critical market gap while elevating collections,” said Arnaud Ruffin, vice president, brands and retail at The LYCRA Company. “This product shows how our commitment to textile innovation supports the value chain with unique, performance-driven solutions.”

 

 

LYCRA^® VintageFX fiber has passed The LYCRA Company’s rigorous testing protocols, ensuring consistent performance, durability, and quality. Brands and mills can also access co-creation opportunities at LYCRA^® Labs, where they can tap into deep technical expertise and collaborative innovation to bring distinctive stretch solutions to market.

 

 

Show visitorscan also experience sample fabrics and garments made with Renewable LYCRA^® fiber, which is made from 70 percent plant-based resources. This spandex supports efforts to reduce the environmental impact of apparel, offering a more sustainable option for denim. LYCRA^® ADAPTIV fiber, which offers a second-skin fit and enables size-inclusive denim, will also be on display.

 

 

Kingpins’ guests are invited to visit The LYCRA Company’s representatives at stand B10 at the SugarFactory in Amsterdam. To schedule a meeting at the show or learn more about LYCRA^® VintageFX fiber, visit this website.

 

 

About The LYCRA Company

 

 

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

 

 

LYCRA^® is a trademark of The LYCRA Company.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260414923000/en/

 

Business Wire India

AC Milan and Corpay, Inc.* (NYSE: CPAY), a global leader in corporate payments, today announced that Corpay’s Cross-Border business has entered into a long-term agreement to extend their successful and exclusive collaboration as Official Commercial Foreign Exchange Partner of the Club.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260414215140/en/

 

 

The collaboration brings together two organisations driven by a strong focus on innovation and an international outlook. On one side, AC Milan connects over 500 million fans worldwide, continuously evolving while staying true to its heritage to strengthen engagement with both current and future supporters. On the other, Corpay supports organisations through innovative solutions, helping them overcome borders, manage foreign exchange exposure, and execute cross-border payments with accuracy and security.

 

 

“We are delighted to continue our journey alongside Corpay, renewing a partnership that reflects our shared goal of strengthening connections with a global audience, building meaningful relationships and continuing to evolve with a forward-looking vision,” commented Maikel Oettle, Chief Revenue Officer of AC Milan.

 

 

“Over the past three seasons, we’ve had the privilege of serving as the Official Commercial FX Partner of the Rossoneri,” said Brad Loder, Chief Marketing Officer, Corpay Cross-Border Solutions. “We’re proud of the trust the Club’s teams have placed in us, and delighted to extend this relationship for multiple years with one of the most successful clubs in the sport’s history.”

 

 

About Corpay
Corpay, Inc. (NYSE: CPAY) is a global S&P500 corporate payments company that helps businesses and consumers pay expenses in a simple, controlled manner. Corpay’s suite of modern payment solutions help its customers better manage vehicle-related expenses (such as fueling and parking), travel expenses (e.g. hotel bookings) and payables (e.g. paying vendors). This results in our customers saving time and ultimately spending less. Corpay Cross-Border refers to a group of legal entities owned and operated by Corpay, Inc.

 

 

Corpay – Payments made easy. To learn more visit www.corpay.com.

 

 

*“Corpay” in this document primarily refers to the Cross-Border Division of Corpay, Inc. https://www.corpay.com/cross-border; a full listing of the companies that are part of Corpay Cross-Border is available here: https://www.corpay.com/compliance.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260414215140/en/

 

Business Wire India

SES, a leading space solutions company, today announced a milestone toward offerability for SES’ multi-orbit antenna for installation by Boeing. This will allow airlines to receive new aircraft with the onboard network in place and connectivity service available immediately after delivery through a Boeing provided modification.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260413668493/en/

 

 

 

Through this collaboration, Boeing will install the SES in-cabin hardware network on production aircraft during factory production, the first key milestone toward offering its multi-orbit system as a fully line-fit connectivity solution across all Boeing commercial programs. As part of this solution, Boeing will install the complete in-cabin network and manage coordination of the external equipment installation. Initial offerability will be on the Boeing 737 followed by 787 airplanes.

 

“We are proud of our partnership with Boeing and this outstanding progress,” said Mike DeMarco, president of Mobility at SES. “We are on track for full line-fit offerability, giving airlines a seamless path to select and install the multi-orbit electronically steered array (ESA) antenna solution during aircraft factory production.”

 

 

“Our collaboration with SES reflects Boeing’s commitment to delivering advanced, reliable connectivity to our airline customers,” said Destry Lucas, Director Airplane Connectivity, at Boeing. “We are making strong progress bringing multi-orbit connectivity into the production environment, enabling a more streamlined installation approach and supporting scalable, line-fit capable solutions.”

 

 

Designed to operate across both low-Earth orbit (LEO) and geostationary (GEO) satellite constellations, SES’ system enables global coverage, redundancy, and low-latency performance. The success of its multi-orbit ESA system, with 500 installations complete and 1,000 commitments in the pipeline, underscores confidence in SES’ innovative approach to in-flight connectivity.

 

 

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About SES

 

 

At SES, we believe that space has the power to make a difference. That’s why we design space solutions that help governments protect, businesses grow, and people stay connected—no matter where they are. With integrated multi-orbit satellites and our global terrestrial network, we deliver resilient, seamless connectivity and the highest quality video content to those shaping what’s next. Following our Intelsat acquisition, we now offer more than 100 years of combined global industry leadership—backed by a track record of bringing innovation “firsts” to market. As a trusted partner to customers and the global space ecosystem, SES is driving impact that goes far beyond coverage. The company is headquartered in Luxembourg and listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com

 

 

Forward-looking Statements

 

 

This press release contains certain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “will” and “enables”.

 

 

Forward-looking statements are not assurances of future performance and are subject to inherent uncertainties and risks that are difficult to predict. Factors that might cause such a difference include those discussed in our filings with the US Securities and Exchange Commission, including our Form 20-F, such as regulation by telecommunications and civil aviation authorities may increase our commercial aviation business costs; pursuit of external growth opportunities or contracts may not yield the expected benefits; and dependency of large customers and counterparty risk. The forward-looking statements included in this press release are made only as of the date hereof and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260413668493/en/

 

Business Wire India

SES, a leading space solutions company, today announced that Japan Airlines (JAL) has selected SES to deliver new multi-orbit inflight connectivity (IFC) for its Airbus and Boeing long-haul fleet, supporting the airline’s ongoing commitment to an onboard experience that enables passengers to stay connected with fast, dependable internet access.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260413021543/en/

 

 

 

Under the agreement, JAL will install SES’s multi-orbit electronically steered antenna (ESA) system on 20 Airbus A350-900 aircraft (linefit), 10 Boeing 787-9 aircraft (linefit) and 11 Boeing 787-9 aircraft (retrofit). Linefit deliveries are expected to begin in 2028.

 

JAL, a leader in world-class service and inflight connectivity and a long-time SES customer, is enhancing the customer experience on its international long-haul fleet, building on its prior order of SES’s multi-orbit electronically steered antenna (ESA) system for its Boeing 737-8 aircraft, with deliveries expected to begin in 2027. Electronically steered antennas are low-profile and support multi-orbit operations, leveraging both geostationary coverage and Low Earth Orbit partner constellations to deliver broad coverage and low latency.

 

 

“Japan Airlines’ passengers will benefit from multi-orbit connectivity delivering fast, dependable internet access with wide coverage and low latency,” said Enrique Villasenor, SES Vice President of Global Airline Partnerships. “Bringing this service to JAL’s A350 and 787 fleet builds on more than 10 years of partnership and supports the airline’s long-haul expansion of next-generation connectivity, advancing JAL’s leadership in inflight service innovation and its commitment to an exceptional customer experience.”

 

 

JAL’s inflight connectivity evolution builds on more than a decade of continuous investment in onboard digital services. “SES has been a trusted partner of JAL since 2013,” said Junko Sakihara, Deputy Senior Vice President – Customer Experience at Japan Airlines. “We are proud to have been among the first airlines in the world to offer free service for all passengers flying on our domestic routes starting in 2017. Our decision to provide the SES inflight connectivity to our long-haul passengers is due to the multi-orbit redundancy, reliability and continuous innovation.”

 

 

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About SES

 

 

At SES, we believe that space has the power to make a difference. That’s why we design space solutions that help governments protect, businesses grow, and people stay connected—no matter where they are. With integrated multi-orbit satellites and our global terrestrial network, we deliver resilient, seamless connectivity and the highest quality video content to those shaping what’s next. Following our Intelsat acquisition, we now offer more than 100 years of combined global industry leadership—backed by a track record of bringing innovation “firsts” to market. As a trusted partner to customers and the global space ecosystem, SES is driving impact that goes far beyond coverage. The company is headquartered in Luxembourg and listed on Paris and Luxembourg stock exchanges (Ticker: SESG). Further information is available at: www.ses.com

 

 

Forward-looking Statements

 

 

This press release contains certain “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “will”, “expected”, and “enable”.

 

 

Forward-looking statements are not assurances of future performance and are subject to inherent uncertainties and risks that are difficult to predict. Factors that might cause such a difference include those discussed in our filings with the US Securities and Exchange Commission, including our Form 20-F, such as the performance, reliability and useful life of satellites and associated technologies; ability to renew or perform commercial agreements on expected terms; and regulatory, licensing and certification requirements applicable to satellite communications and commercial aviation services. The forward-looking statements included in this press release are made only as of the date hereof and we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260413021543/en/

 

Business Wire India

CORRECTION… by Wipro Limited

 

In the release dated April 8, 2026, the time of the conference call is now 7:45 PM IST (instead of 7:00), and the deadline for questions is 7:15 PM IST (instead of 6:30).

 

The updated release reads:

 

WIPRO LIMITED TO ANNOUNCE RESULTS FOR THE FOURTH QUARTER ENDED MARCH 31, 2026, ON APRIL 16, 2026

 

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) a leading AI-powered technology services and consulting company, will announce results for the fourth quarter ended March 31, 2026, on Thursday, April 16, 2026, after stock market trading hours in India. The results will be available in the Investors section of the company’s website at www.wipro.com/investors/

 

At 7:45 PM IST* (10:15 AM US Eastern time) following the results announcement, the senior management will discuss the company’s performance for the quarter and answer questions sent by 7:15 PM IST* (9:45 AM US Eastern time) to: abhishek.jain2@wipro.com

 

The audio from the conference call will be available online through a webcast and can be accessed at https://links.ccwebcast.com/?EventId=WIP160426

 

Dial-in details for the conference call are as below

Time	7:45 PM – IST* (10:15 AM-ET#)
Click here for the diamond pass link Diamond Pass™ is a Premium Service that enables you to connect to your conference call without having to wait for an operator. If you have a Diamond Pass™ click the above link to associate your pin and receive the access details for this conference, if you do not have a Diamond Pass™ please register through the link and you will receive your Diamond Pass™ for this conference.
Primary Access Toll Number	+91 22 6280 1120 +91 22 7115 8021
US Toll-Free Number Singapore Toll-Free Number	1 866 746 2133 800 101 2045
UK Toll-Free Number Hong Kong Toll-Free Number	0 808 101 1573 800 964 448
No passcode Required

 

Please dial any of the above numbers five to ten minutes ahead of schedule. The operator will provide instructions on asking questions before and during the call.

 

The replay of the call will be available two hours after the end of the call on the following numbers. 

 

Call Playback Numbers:

 

	Phone Number	Passcode/Conference ID	Replay Dates
India	+91 22 71945757	Access Code: 947765	16-Apr-26 to 23-Apr-26
Toll Free USA	+1 8332898317	Access Code: 947765	16-Apr-26 to 23-Apr-26

 

Business Wire India

UST, a leading AI and technology transformation solutions company, has joined hands with Global Capability Center (GCC) advisory firm Evaaya to launch UST Nimbus, a design-led operating model that enables Global Capability Centers to move beyond execution and become Global Value Organizations. Under UST Nimbus, GCCs are designed from day one to drive innovation, digital transformation, and measurable business outcomes.

 

The launch of UST Nimbus comes as GCCs (Global Capability Centers) continue to evolve from cost-efficiency models into enterprise innovation hubs, meaning that organizations are under increasing pressure to reduce costs while accelerating innovation and retaining control of talent and intellectual property. This innovative new offering meets these needs by complementing UST’s strengths in engineering, AI, and execution at scale, allowing UST Nimbus to deliver a complete build–operate–scale approach.

 

While many GCC providers focus on accessing talent at scale or enabling infrastructure and setup, UST Nimbus builds a bespoke, practitioner-led, and design-driven model built by leaders who have run and scaled GCCs. By aligning the GCC’s unique identity and culture with the enterprise from day one, UST Nimbus creates hubs that enable high-performance teams, improve retention, and accelerate delivery outcomes.

 

Within UST Nimbus, the talent of each organization is treated as a key competitive advantage, using careful workforce planning and strong employer branding to attract and retain top talent for long-term success. Under this approach, innovation and expertise stay within the company, as GCCs build and keep intellectual property, data models, and platforms that reduce dependency on fragmented vendors while also accelerating product and platform development.

 

UST Nimbus’ talent-first approach is powered by practitioner-led design that is grounded in real-world GCC operating experience and AI-driven talent strategies to enable faster ramp-up and stronger engagement with employees. The result is a GCC that evolves into a magnet for critical skills and serves as a sustained engine for innovation and enterprise value.

 

“At UST, our first-hand experience scaling global teams gives us the insight required to solve critical issues and deliver sustainable transformation through a design-first, full-stack delivery model. UST Nimbus reflects a shift in how GCCs are built, transforming them from cost-saving centers to strategic engines of innovation, IP creation, and enterprise value. It brings together UST’s expertise in scaling global teams with a design-led, full-stack approach to building, operating, and continuously optimizing GCCs for long-term performance. With this model, organizations can move faster, retain critical capabilities, and continuously innovate at scale, delivering lasting value across the enterprise,” said Bharath Krishnaswamy, Senior Vice President, UST.

 

“UST and Evaaya are committed to leveraging our unique strengths to build resilient, innovation-driven GCC solutions that deliver lasting business value. While many GCC models prioritize setup and scale, our focus is on the factors which determine long-term success for the GCC, including operation, integration with the enterprise, and sustained value delivery. By shifting the focus to strategic alignment and value generation, this joint offering delivers measurable impact and empowers clients,” said Vaidyanathan Seshan, EVP and Founder, Evaaya.

Business Wire India

Ahana today announced a solution-led initiative for co-operative banks, built on Ahana’s Data Management Solution platform and delivered through the Data Model designed by Ahana, a business solution purpose-built for co-operative banks to simplify RBI reporting in environments where data resides across core banking, treasury, and digital channels. Reporting cycles still rely heavily on extraction, validation, reconciliation, and spreadsheet-driven workflows.

 

Adapting to the Evolving RBI Reporting Landscape for Co-operative Banks

 

Co-operative banks often manage reporting data across multiple systems and departments, leading to reconciliation overhead and inconsistent reporting outcomes. Common conditions include disconnected core banking, treasury, and digital systems; RBI reporting that takes days per cycle; higher error rates due to manual consolidation; and difficulty producing a unified customer view.

 

Audit readiness adds complexity. In many environments, audit data is distributed across departmental systems without a historical data retention strategy, and reports are manually created from on-premises backups, increasing turnaround time and contributing to repeated audit delays.

 

The same operating conditions will require substantial manual effort, with approximately 30 to 40 personnel across functions such as Credit Monitoring, Accounts, Treasury, and Forex involved in data extraction, validation, and consolidation for MIS and reporting.

 

A governed RBI reporting solution for co-operative banks and audits

 

Data Model designed by Ahana is being used to deliver a regulated reporting framework for co-operative banks, focused on simplifying RBI reporting where reporting cycles depend on manual consolidation. The solution establishes a governed reporting foundation that consolidates data, standardizes processing, and supports RBI and MIS reporting workflows through structured pipelines and analytics-driven consumption.

 

Vivek Hegde, Founder Director and CEO, Ahana, said: “Co-operative banks are under increasing pressure to deliver accurate RBI reporting on tighter timelines, even while data remains distributed across core banking, treasury, and digital channels. With the Data Model, designed by Ahana, we are helping banks reduce manual effort, improve audit readiness through traceable lineage and historical records, and move toward faster, more consistent regulatory reporting cycles.”

From an implementation standpoint, the approach focuses on standardizing ingestion, orchestration, and report-ready data structures to reduce manual consolidation.

 

Srinath C V, Head- Automation and AI Initiatives, Ahana, said: “For regulated reporting, automation needs controlled pipelines and consistent definitions across cycles. By standardizing ingestion, orchestration, and the STG, CDR, and MART structure, banks can reduce dependency on spreadsheet-driven workflows and make reporting more repeatable.”

 

Outcomes that co-operative banks can expect

 

The solution is positioned to support measurable outcomes, including faster RBI reporting cycles moving toward reports generated in hours instead of days, reduced manual effort and error exposure through standardized processing and reduced dependency on spreadsheet-based workflows, and improved audit readiness supported by traceable data lineage and historical records for regulatory review.

 

Ahana noted that delivery emphasis is on operational controls that support consistent reporting cycles and audit readiness.

 

Chidananda Murthy, Head-Presales, Ahana, said: “The priority is to make reporting dependable in day-to-day operations. That means there should be clear controls around data quality and audit evidence, historical records supported by traceable lineage. This reduces redevelopment and massaging of reports. This will greatly reduce the pressure on MIS team to commit the timelines for report submission. “

 

It also supports a scalable KPI operating model, including measures such as on-time submission rate, data quality score, report preparation time, and manual adjustments per report, tracked on a defined cadence. The approach is intended to support a single source of truth for reporting and audit needs and minimize discrepancies across systems.

 

To learn more about how the Data Model simplifies RBI reporting for co-operative banks. Usecase | Whitepaper

Business Wire India

Foundever^®, the next-generation service leader reinventing customer experience (CX), announced today that Siva Voolapalli has joined the strategic CX partner as General Manager & Country Head for India. In this pivotal role, Siva leads the company’s India operations, further strengthening the country’s position as a strategic delivery, innovation and talent hub within the company’s global footprint.

 

“India plays a critical role in Foundever’s global strategy,” said COO Michelle Parks. “Siva brings deep expertise in global CX operations, transformation and leadership development. His strategic mindset and people-first approach make him the right leader to accelerate our growth and strengthen India’s contribution to our global clients. Our brand is built on keeping promises in the moments that matter most to our clients and their customers. With Siva at the helm in India, we are confident in our ability to deliver operational excellence, foster innovation, and create meaningful momentum for our clients. Siva’s leadership will be instrumental as we continue to evolve our India operations into a powerhouse of talent and transformation within our global ecosystem.”

 

 

Siva joins Foundever with over 28 years of extensive experience in IT services, global CX, digital operations and technology-led transformation, shared services and large-scale operations. He brings a proven track record of building high-performing teams and delivering measurable business outcomes across geographies.

 

 

“I’m honored to join Foundever at such a pivotal time for the company and the CX industry,” said Siva. “India’s talent, innovation and scale are key to driving the next phase of our growth. I look forward to working closely with our teams and global leadership to build on our strengths, accelerate digital transformation and create meaningful outcomes for our clients and their customers. Together, we will continue to position India at the heart of our to deliver people-led, technology-enabled experiences that help the world’s best brands keep their promises, every day.”

 

 

Siva’s appointment highlights Foundever’s commitment to investing in leadership and future-ready talent, harnessing India’s unique strengths to fulfill brand promises and drive value for clients worldwide.

 

 

Learn more about Foundever at foundever.com.

 

 

About Foundever^®

 

 

Foundever^® is the next-generation service leader reinventing customer experience (CX). Our 150,000 people working across +45 countries partner with industry-leading brands to deliver integrated CX, digital operations and data solutions.

 

 

Each year we power 3.3 billion conversations in +60 languages to help more than 800 of the world’s top brands keep their promise in the moments that matter most. We simplify the complex CX landscape with scalable solutions that deliver seamless human experiences and solve real business and industry challenges. Using our people-led, technology-enabled and data-powered approach, we optimize and transform the customer and agent experience – changing the way things are done.

 

 

Get to know us at foundever.com and connect with us on LinkedIn, Facebook, YouTube and Instagram.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260413774312/en/