CIMP-BIIF and Annapurna Finance Private Limited Sign MoU to Strengthen Capacity Building in the Microfinance Sector

Patna, 30 May 2026: Chandragupt Institute of Management Patna – Business Incubation and Innovation Foundation (CIMP-BIIF) and Annapurna Finance Private Limited (AFPL), one of India’s leading microfinance institutions, signed a Memorandum of Understanding (MoU) today to collaborate in the areas of professional training, capacity building, and skill development for employees working in the microfinance sector.

The partnership aims to enhance the knowledge, skills, and competencies of microfinance professionals through industry-oriented training programmes. Under the MoU, CIMP-BIIF and AFPL will jointly design and deliver training modules focusing on microfinance operations, regulatory compliance, customer relationship management, and best practices in financial inclusion.

CIMP-BIIF and Annapurna Finance Private Limited Sign MoU to Strengthen Capacity Building in the Microfinance Sector

 

The collaboration will also focus on developing leadership capabilities, problem-solving abilities, decision-making skills, and effective time-management practices among employees. Participants will benefit from hands-on learning through practical modules, case studies, simulations, and experiential learning approaches designed to bridge the gap between theory and practice.

Dr. Rana Singh, Director, Chandragupt Institute of Management Patna (CIMP), said:

“At CIMP, we are committed to fostering meaningful industry-academia collaborations that create value for organizations and society alike. This partnership with Annapurna Finance Private Limited reflects our vision of strengthening the financial inclusion ecosystem through knowledge, innovation, and capacity building. We are confident that this initiative will contribute significantly to enhancing professional excellence and leadership capabilities in the microfinance sector.”

Speaking on the occasion, Shri Kumod Kumar, CEO, CIMP-BIIF, said, “This partnership reflects our commitment to building a skilled and future-ready workforce for the financial inclusion ecosystem. By combining academic excellence with industry expertise, we aim to create impactful learning experiences that enhance professional competence and organizational effectiveness.”

Professor Sunil Kumar, Associate Dean (Academics), CIMP, stated, “The microfinance sector plays a critical role in promoting inclusive growth and economic empowerment. Through this collaboration, we seek to provide high-quality training interventions that strengthen operational excellence, leadership capabilities, and customer-centric service delivery among professionals in the sector.”

CIMP-BIIF and Annapurna Finance Private Limited Sign MoU to Strengthen Capacity Building in the Microfinance Sector

 

Mr. Subrat Sabyasachi Roy, Head – Strategy, Annapurna Finance Private Limited, remarked, “Continuous learning and capability enhancement are essential for sustaining growth and delivering greater value to our clients. We are pleased to partner with CIMP-BIIF to develop structured learning programmes that will support employee development and contribute to the long-term success of the microfinance industry.”

The MoU marks an important step towards fostering industry-academia collaboration and promoting excellence in professional development within the financial inclusion and microfinance ecosystem.

Rashmi Group Announces Massive INR 35,000 Crore Investment Drive in West Bengal

Kolkata, May 30: Driven by the Government’s proactive and industry-friendly stance, the State has become a premier destination for large-scale investments. The Group particularly welcomes the administration’s continuous focus on infrastructure, industrialization, and streamlining business operations

In one of the largest industrial expansion announcements in Eastern India, Rashmi Group has unveiled a massive ₹35,000 crore investment blueprint for West Bengal, reiterating its longstanding commitment to the State’s industrial transformation and economic progress. The proposed investments across steel manufacturing, power, and resource development are expected to generate up to 50,000 new employment opportunities while significantly strengthening the region’s industrial ecosystem.

A trusted partner in West Bengal’s growth story for over four decades, Rashmi Group has consistently expanded its industrial footprint with a vision of inclusive development. The Group has already invested nearly ₹25,000 crores in the State, establishing a 10 MTPA Steel Plant, an 850 MW Captive Power Plant, and a 1.45 MTPA Cement Manufacturing Unit. Strategically located in underdeveloped regions, these facilities have played a pivotal role in driving socio-economic upliftment and currently support nearly 50,000 direct and indirect livelihoods, predominantly benefiting people from West Bengal.

Building on the State’s favourable industrial climate and progressive business environment, Rashmi Group has now finalized robust expansion plans across Purulia, Paschim Bardhaman, Birbhum, Jhargram, and Paschim Medinipur.

As part of the mega expansion blueprint, the Group will invest over ₹30,000 crores towards increasing its iron & steel manufacturing capacity by an additional 7 MTPA. The expansion is expected to substantially enhance industrial output, contribute significantly to state revenues, and create nearly to 35,000 direct and indirect employment opportunities.

Further strengthening its integrated operations, Rashmi Group has also acquired three coal mines in Birbhum and Paschim Bardhaman. The Group plans to invest another ₹5,000 crores towards operationalising these mines, which is projected to generate an additional to 15,000 direct and indirect employment opportunities.

With a strong financial foundation and one of the lowest-leveraged balance sheets in the manufacturing sector, Rashmi Group remains committed to sustainable growth, community empowerment, and nation-building. Through this landmark investment initiative, the Group is poised to play a transformative role in positioning West Bengal as the industrial growth engine of Eastern India while contributing meaningfully towards socio-economic progress, regional development, and enhanced livelihood opportunities for communities across the State.

Speaking on the occasion, Lal Babu Chourasia, Joint President – Commercial, Mining Strategy & Corporate Planning, Rashmi Group said,

 “West Bengal continues to emerge as one of India’s most promising industrial destinations with immense potential for large-scale manufacturing and infrastructure growth. Our proposed investments reflect our deep-rooted confidence in the State’s future and our unwavering commitment towards sustainable industrial progress, employment generation, and long-term socio-economic development.”

Behind the Diagnosis: How Laboratory Testing Guided a Complex Histoplasmosis Case

Mountain biking along the dirt trails in Tennessee was a favorite pastime for then 15-year-old Maggie Weiss. Even while living with juvenile arthritis, Maggie remained a highly athletic teenager who enjoyed competitive swimming, attending NASA Space Camp, and nurturing a growing interest in medicine.

But in August 2025, that momentum was suddenly interrupted. A diagnosis of histoplasmosis forced Maggie off the trails and onto a far more uncertain path, one defined by months of treatment, recovery, and a long-term course of antifungal therapy expected to last up to three years.

The answer pointed back to the trails

Histoplasma capsulatum, a dimorphic fungus that causes histoplasmosis, found its way into Maggie’s lungs. For Maggie, the likely source of exposure was the very environment she loved, disturbed soil along mountain biking trails combined with an already suppressed immune system because of her arthritis treatment.

The fungus is often found in soil contaminated with bird or bat droppings. When these areas are disturbed, microscopic spores can become airborne and, once inhaled, lead to infection in the lungs. Histoplasmosis is endemic in the Ohio-Mississippi Valley, where Maggie and her family live. Experts also noticed a surge in cases around this time.

When symptoms didn’t add up

For two weeks, Maggie experienced low-grade fever, chills, extreme fatigue, and headaches, symptoms that are often nonspecific and can point towards a wide range of other conditions. In patients who are immunosuppressed, these signs may be even less indicative of a clear diagnosis.

“She didn’t have a cough or anything that would have made me think of histoplasmosis, said Dr. Vivian Weiss, a Pathologist at Vanderbilt Health, and Maggie’s mother. But sometimes people without functional immune systems don’t display typical symptoms.”

Ruling out the usual suspects

After two weeks of persistent illness, Maggie visited her pediatrician, where initial testing ruled out common viral infections such as mononucleosis. When those results came back negative, she was referred to her rheumatologist, who immediately ordered testing for histoplasmosis. The results confirmed the diagnosis.

The test that brought clarity

At Vanderbilt Health, additional laboratory testing, including rapid urine antigen testing and blood analysis, provided critical confirmation and helped guide next steps in care. Within 24 hours of receiving results, Maggie began a course of oral antifungal therapy.

“Being able to get that rapid turnaround in urine testing is key,” Dr. Vivian Weiss said. “In Maggie’s case, her symptoms were very vague. Without laboratory testing, there was no clear way to know what this was and how to treat it appropriately.”

When the situation escalated

Due to the immunosuppressive effects of her arthritis medications, Maggie’s recovery was not as straightforward as other patients. Early in her treatment, the once mountain-biking teen was hospitalized after developing disseminated histoplasmosis, a severe form of the infection that spreads beyond the lungs. A CT scan revealed that the infection had progressed extensively throughout her lungs, disrupting her school year, sports, and daily life. Despite these challenges, Maggie had the support of a strong medical team at Vanderbilt Health, including dedicated laboratory professionals equipped to navigate even the most complex infectious disease cases.

A more complex course of treatment

“The infectious disease team put her on an oral antifungal within about 24 hours of testing with a follow up in a few days in clinic,” Dr. Vivian Weiss said. “For most patients that’s all that’s needed. But for Maggie, she was a lot more sick than we initially appreciated. She’s a tough kid. She was still trying to start the school year. Ultimately, the team decided to hospitalize her for disseminated disease. We were fortunate to have such good care, because that critical decision significantly improved her course.”

The challenges of recovery

Maggie underwent in-patient treatment at Vanderbilt Health, where she received intravenous amphotericin, a potent antifungal used to treat invasive fungal infections, including histoplasmosis. However, both the oral and IV treatments led to significant side effects, including dangerously low potassium levels, which proved debilitating. As a result, she was readmitted to Vanderbilt Health, where her care team worked tirelessly to stabilize her and support her recovery.

“Maggie’s journey changed my perspective quite a bit. I’m a pathologist and diagnose many patients with histoplasmosis,” said Dr. Vivian Weiss. “While I’m not directly involved in treatment and management, I hadn’t fully appreciated how toxic these drugs can be, especially for children with suppressed immune systems. It was very eye-opening. Now, when I see a case of histoplasmosis, I have a much deeper appreciation for what patients and their families experience.”

The return to what matters

Once back home, Maggie continued her recovery. Despite challenges she faced, a year later, she has returned to swimming and continues to nurture her passion for NASA and science, a reflection of both her resilience and the care she received.

Her case also led to meaningful changes at Vanderbilt Health, strengthening laboratory systems through the implementation of rapid in-house blood testing capabilities that were not previously available.

“The levels in the blood are critical in deciding how long you’re going to treat a patient,” Vivian said, “I’m thrilled to know now that patients who get hospitalized not only have rapid urine testing but also have rapid blood testing.”

As for Maggie, the experience may have changed her life in some ways, but she remains a determined young woman who uses her challenges to fuel her ambitions. During her time at Vanderbilt Health, she had the opportunity to tour the laboratory and meet the professionals working behind the scenes, those who played a critical role in helping her recover and return to herself.

Maggie now aspires to be a doctor for NASA one day, with the goal of providing medical care for astronauts embarking on space missions. While she may have stepped away from mountain biking, she remains committed to swimming, an activity that offers both competition and therapeutic benefits for her arthritis. Thanks to the care she received, Maggie continues to move forward, taking steady strokes toward the future she envisions.

Why laboratory work matters

Stories like Maggie’s underscore the critical role laboratory professionals play in shaping patient outcomes, often behind the scenes, but never without impact.

“Every sample has so much value, it represents a person, a path forward, an illness,” said Dr. Vivian Weiss. “There is a patient on the other end of every result. I am deeply grateful for the work laboratory professionals do. Even if they don’t always see the impact, it truly makes a difference for families.”

Sachin Tendulkar Highlights Tanishq’s Transparent Approach to Gold Exchange – Enabling Better Value for Customers

Business Wire India

Tanishq, India’s most trusted jewellery brand from the House of Tata, has launched its latest Gold Exchange initiative featuring cricket legend Sachin Tendulkar, spotlighting the transparent processes and customer assurances that have made Tanishq one of India’s most trusted destinations for Gold Exchange.

 

For over three decades, Gold Exchange has been an integral part of Tanishq’s offering, enabling customers to unlock the best value from old jewellery while upgrading to contemporary gold and diamond designs that reflect evolving tastes and lifestyles. Today, more than 36 lakh customers have participated in Tanishq’s Gold Exchange, making it one of the most widely adopted exchange platforms in the country. At Tanishq, Gold Exchange has been built on the pillars of trust, transparency, and customer confidence by ensuring that they always get the maximum value from their old gold. As the category becomes more mainstream, Tanishq believes the true differentiator lies not just in offering exchange, but in ensuring that customers feel informed, reassured and confident at every step of the process and of the final exchange value that they receive.

 

At a time when consumers are seeking greater clarity, fairness and confidence in high value transactions, Tanishq’s Gold Exchange proposition stands apart through its emphasis on end to end transparency and process integrity. The brand continues to enable customers to exchange old gold from any jeweller, across purities as low as 9KT, through a system designed to ensure that they get the best value for their old gold, owing to the complete visibility offered at every stage of the process.

 

For many Indian families, jewellery purchases linked to weddings and important milestones are deeply emotional and often cannot be postponed. As consumers look for smarter and more value conscious ways to purchase jewellery, Gold Exchange is increasingly emerging as a solution that enables customers to unlock value from existing household gold while continuing to celebrate important life occasions.

 

The TVC features Sachin Tendulkar inside a Tanishq store, taking consumers through the Gold Exchange journey step by step. It brings alive the entire process right from weighing and purity assessment using Tanishq’s Karatmeter technology to the melting of old gold conducted in full view of the customer, ensuring that every stage is visible, verifiable and transparent. The TVC highlights the key pillars that differentiate Tanishq’s Gold Exchange process, including complete transparency from start to finish, old gold never leaving the customer’s sight, acceptance of gold from any jeweller, eligibility across purities starting from 9KT, and value determination based on prevailing gold rates with no hidden deductions. Customers can also exchange broken, old or inherited jewellery for the best value and choose from a wide range of designs across Tanishq’s collections. The film brings alive the initiative’s core proposition that Tanishq Gold Exchange delivers a true win-win, empowering customers with process transparency and best exchange value, while enabling existing household gold to re-enter circulation and supporting India’s effort to reduce dependence on fresh gold imports.

 

Speaking on the initiative, Mr. Arun Narayan, CEO, Jewellery Division, Titan Company Limited, said, Gold Exchange is fundamentally a trust led decision, because customers are parting with jewellery that carries both emotional and financial significance. At Tanishq, we have built our Gold Exchange process over decades on the pillars of transparency, credibility and customer confidence. As this category becomes more mainstream, we believe the differentiator will not be the availability of exchange, but the trust in the process itself. This initiative reflects the systems, safeguards, and transparency measures that continue to make Tanishq one of India’s most trusted Gold Exchange destinations.”

 

Speaking on the association, Mr. Sachin Tendulkar, said, “In India, gold carries a deep emotional connection, tied to life’s most important moments, especially weddings and family celebrations. Trust and transparency are therefore essential for people to feel confident and comfortable when they buy or exchange gold. Tanishq’s Gold Exchange respects this sentiment and strives to uphold it in every interaction.”

 

As Gold Exchange continues to evolve into a more mainstream way of purchasing jewellery, Tanishq remains focused on strengthening what matters most to consumers, trust in the process. Through this latest campaign, the brand reaffirms its long-standing commitment to making Gold Exchange more transparent and confidence – inspiring, enabling customers to unlock the value of existing household gold through a process built on decades of credibility and care.

 

Link to the film – https://www.youtube.com/watch?v=bOxnFsq3p5M

 

Shreyas WebMedia Solutions Participates in Startup Odisha Interactive Session on Building a Stronger Entrepreneurial Ecosystem

Shreyas WebMedia Solutions Participates in Startup Odisha Interactive Session on Building a Stronger Entrepreneurial Ecosystem

Bhubaneswar, May 30: Shreyas WebMedia Solutions Pvt. Ltd. participated in an interactive session with Shri Smruti Ranjan Pradhan, IAS, Chief Executive Officer, Startup Odisha, Government of Odisha, held on May 29, 2026, at the IDCO Conference Hall, 5th Floor, IDCO Towers, Janpath, Bhubaneswar. The programme was jointly organized by World Trade Center (WTC) Bhubaneswar and Startup Odisha, bringing together entrepreneurs, startup founders, business leaders, innovators, and industry stakeholders to deliberate on the growth and future of Odisha’s entrepreneurial ecosystem.

The session served as an important platform to familiarize participants with the initiatives and interventions undertaken by Startup Odisha to promote innovation, encourage entrepreneurship, and strengthen the state’s startup ecosystem. Discussions focused on government policies, startup funding opportunities, incubation support, innovation-led business development, and strategies for positioning Odisha as a leading destination for startups and emerging enterprises.

Addressing the gathering, Shri Smruti Ranjan Pradhan shared insights into the evolving startup landscape in Odisha and highlighted the support mechanisms available to entrepreneurs at various stages of their journey. Emphasizing the importance of collective efforts in building a vibrant entrepreneurial ecosystem, he stated, “A thriving startup ecosystem cannot emerge in isolation; it requires collaboration, incubation, and a strong foundation of education.”

He further underscored the need to nurture innovation from an early age, strengthen incubation infrastructure, and create an enabling environment where young entrepreneurs can transform ideas into sustainable enterprises. The discussions also explored emerging opportunities in sectors such as manufacturing, agritech, and technology-driven businesses, which are expected to play a significant role in Odisha’s economic growth.

Dr. Ashwini Kumar Rath, CEO, Batoi Systems, attended the programme as the Chief Guest, emphasizing the importance of stronger partnerships among industry, startups, academia, and government institutions in driving innovation-led growth. 

He highlighted that a collaborative ecosystem is essential for nurturing entrepreneurship, accelerating technological advancement, and creating sustainable opportunities for emerging enterprises. Dr. Rath further stressed that continuous knowledge-sharing, mentorship, and strategic partnerships will play a crucial role in accelerating Odisha’s journey towards becoming a leading innovation hub and contributing to the state’s long-term economic development.

Representing Shreyas WebMedia Solutions Pvt. Ltd., senior management team Ms. Bhumika Lenka  and Ms. K. Puspa attended the event. The representatives actively engaged in the interactive discussions and networking sessions, gaining valuable insights into entrepreneurship, startup development, innovation ecosystems, and emerging business opportunities within the state.

The programme facilitated meaningful exchanges between government officials, industry experts, entrepreneurs, and startup stakeholders, fostering dialogue on collaboration, innovation, and ecosystem development. The interactive format enabled participants to share perspectives, seek guidance, and explore potential partnerships that can contribute to Odisha’s growing startup landscape.

The event reinforced Odisha’s commitment to building a robust innovation ecosystem and empowering entrepreneurs through policy support, mentorship, incubation, and access to growth opportunities. It also highlighted the collective efforts being undertaken to realize the vision of a progressive, innovation-driven, and economically prosperous Odisha.

E Factor Experiences Limited Reports FY26 Consolidated Revenue of INR 191.44 Crore, Up 11.6%

Business Wire India

E Factor Experiences Limited (NSE SME: EFACTOR), one of India’s leading large-scale event execution and experiential infrastructure companies, today announced its audited financial results for the year ended March 31, 2026. The Board of Directors approved the audited Standalone and Consolidated Financial Results at its meeting held on Tuesday, May 26, 2026, in Noida. The year was marked by solid top-line growth, strategic investment in in-house capability, and a step-change in the scale and quality of opportunities entering the order book.

 

Key Financial Summary – FY26 vs FY25

 

Consolidated (INR Crore)

FY26

FY25

Change

Revenue from Operations

191.44

171.51

+11.6%

Profit After Tax

19.67

20.17

−2.5%

Net Worth

90.32

72.80

+24.1%

Current Ratio (x)

2.08

1.78

+0.30x

Subsidiary – Adventure Tourism PAT

1.32

0.03

+3,900%

Standalone core business revenue increased 10.1% to INR 180.20 crore. Figures based on audited results; INR in Crore converted from figures reported in INR Lacs.

Performance Highlights

Revenue Growth Despite Headwinds: Consolidated Revenue from Operations grew 11.6% to INR 191.44 crore, reflecting strong underlying demand and the Company’s ability to win and execute larger, more complex mandates. Top-line performance could have been materially higher but for the geopolitical disruption in West Asia, which led to the postponement or cancellation of approximately INR 35-40 crore of confirmed business in-year.

A Deliberate Year of Investment: The modest 2.5% moderation in Consolidated PAT to INR 19.67 crore reflects deliberate reinvestment, not operational weakness. Employee Benefit Expenses rose 11.7% as the Company expanded its in-house team to 75+ across five disciplines; depreciation and finance costs rose in step with investment in fixed assets and project-execution working capital. These are the foundations of FY27 delivery capacity.

Strong Liquidity Position: The Consolidated Current Ratio improved to 2.08x (from 1.78x) and Consolidated Net Worth grew 24% to INR 90.32 crore. The Company is focused on accelerating collections and improving its Debt Service Coverage through milestone-linked billing on all future large-scale projects.

Experiential Tourism – A Breakout Year: Wholly-owned subsidiary E Factor Adventure Tourism Pvt. Ltd. delivered revenue of INR 11.23 crore with Profit After Tax surging 3,900% to INR 1.32 crore, operating curated adventure and cultural tourism experiences at iconic destinations including Jaipur, Hampi, Tamil Nadu and Telangana.

Riding India’s Orange Economy Wave

The performance is anchored by a powerful policy tailwind. The Hon’ble Prime Minister, at the Viksit Bharat Young Leaders Dialogue in January 2026, noted that India’s creative economy – driven by culture, content and innovation – is “positioning the country as a global leader in emerging sectors.” The Union Budget 2026 placed the “Orange Economy” at the centre of the national agenda, targeting 2 million AVGC jobs by 2030 alongside nationwide creative-economy labs.

E Factor is among the very few listed pure-play vehicles through which public investors can participate in this theme, operating across all six strategic verticals the national vision identifies: cultural infrastructure, immersive experiences, experiential tourism, live entertainment, heritage redevelopment, and owned intellectual property.

FY27 Outlook – A Pipeline Built for the Next Level

E Factor enters FY27 with the strongest pipeline in its history – a qualified opportunity base of over INR 500 crore, against which management is targeting a measured 60% conversion. The pipeline is weighted towards permanent installations, immersive museums, heritage redevelopment and cultural experience centres, with 18-36 month delivery cycles and higher ticket sizes.

From Event Fees to Annuity Revenue: Every large permanent installation is being structured to include a long-term Operations & Maintenance relationship, converting one-time project revenue into recurring, high-visibility annuity income. This improves revenue predictability, deepens client relationships, and positions the Company for a re-rating as the annuity layer grows.

Building India’s Most Distinctive IP Portfolio

Shiva Immersive – Global Recognition: The Company’s flagship owned IP, Shiva Immersive – a daily-ticketed immersive cultural experience – was recognised at the WXO World Experience Summit during London Experience Week 2026, the global gathering of the $13 trillion experience economy, earning its place on the world stage as an originally-Indian immersive format.

Entry into Concert Touring: E Factor served as co-promoter for the India leg of Dream Theater’s 40th Anniversary World Tour (Bengaluru and Kolkata, January-February 2026) – the GRAMMY-winning band’s first India shows in nearly a decade. The profit-positive engagement marks the Company’s deliberate entry into the global concert touring business.

Bridal Retreat & EDS: The Company is piloting Bridal Retreat, a scalable premium destination-wedding format, and will this year host the Experience Design Summit (EDS) in India – a first-of-its-kind inbound convening that brings the world’s leading experience designers to Bharat.

Management Commentary

“FY26 was, by design, a year of building. We chose to absorb a difficult external shock rather than chase short-term profit, and we used the year to deepen our in-house team, sharpen our IP portfolio, and qualify the largest pipeline in our history. The Shiva Immersive recognition in London, our entry into concert touring with Dream Theater, and EDS bringing the world to Bharat – these are early signals of what E Factor is becoming.”

 

Samit Garg – Managing Director, E Factor Experiences Limited

 

“The financials tell a disciplined story. We grew the top line 11.6% in a year that cost us INR 35-40 Crore in postponed mandates, while strengthening our Current Ratio to 2.08x and Net Worth to INR 90 Crore.

 

From FY27, now that we have spent 25 years learning how to render India’s public imagination, the next 5 years and after will be about doing it at a scale that matters – building places where the world will visit, bring their children, feel something, and carry their emotion forward. Every large project will carry milestone-linked billing and concentration safeguards – protecting margins, accelerating collections, and improving Debt Service Coverage. The investment phase is behind us; the focus now shifts decisively to translating our pipeline into profitable, predictable revenue and delivering compounding value to our shareholders.”

 

Jai Thakore – Chairman, E Factor Experiences Limited

 

UNICA in Sandstone Redefines Luxury Wellness Living Through Design and Innovation

May 30 : The Sand Stone collection by Technogym offers a renewed aesthetic inspired by nature, combining careful design and advanced materials to differentiate and elevate the design of the most exclusive wellness spaces. The authenticity and warmth of typical Mediterranean sandstone give rise to a versatile and sophisticated palette, capable of combining performance, sustainability, and timeless elegance in a wide variety of premium wellness contexts. The neutral tones and meticulously designed finishes allow the products to blend perfectly with wood, stone, and other high-quality materials, creating authentic and immersive spaces. 

UNICA in Sand Stone: Technogym’s New Design-Led Approach to Luxury Wellness Living.

UNICA, the Technogym multifunctional gym, offers you a complete strength and toning workout at home with the same quality and safety of the best gyms. Over 25 exercises involving all the muscles of the body: from pectorals, shoulders, lats, glutes, deltoids, biceps and many more.

UNICA’s advanced biomechanics ensure that the exercises can be performed following natural trajectories, distributing the load optimally throughout the entire range of movement to achieve results while preventing injury. The built-in ‘Easy Start’ system allows correct and safe use of the equipment for all types of users, assisting the user in start phase of the exercise and avoiding joints overload. The adjustable seat, the wide backrest, the ergonomic padding, and the non-slip grips offer maximum comfort when performing exercises.

Designed for both homes and high-end wellness spaces in hotels, residential complexes, and fitness clubs, Sand Stone allows you to create highly distinctive environments. Thanks to Sand Stone, architects can differentiate their offerings thanks to a consistent and uniform aesthetic that helps improve brand identity, customer experience, and perceived value. Every space becomes an opportunity to communicate quality, refinement, and a wellness-conscious approach.

Sand Stone’s versatile and cross-cutting aesthetic offering is the only one that enables the creation of wall-to-wall wellness spaces that include products for cardio, strength and functional training in a complete family feeling. This creates a refined environment where design and performance merge into a seamless experience across different lines and products: Technogym Checkup, Artis cardio, Artis strength, Biostrength, up to Personal Tools and Technogym Reform. The new Technogym collection for the most exclusive wellness spaces, characterized by a warm, textured, and enveloping aesthetic that blends authenticity and innovation, redefining the standards of wellness interior design.

Sand Stone’s innovation extends to its materials and finishes, designed to foster a renewed connection with nature through textures, colors and sensations inspired by the natural world.

Speckled Stone, the product casings are made from an innovative plastic material that contains 2-3% natural mica for a texturized effect reminiscent of real stone. 30% of these components come from recycled materials to reduce production impact.

Warm Titanium, frames and inlays (the details that define the silhouettes of Artis products) in a metalized titanium finish express both luxury and technology, inspired by contemporary design’s most iconic hi-tech objects.

Clay, all the tactile surfaces that come into direct contact with the user, such as handles and seats in vegan leather, are made from an opaque warm material that is pleasing to the touch, designed for natural and comfortable interaction.

Beech and ash wood: the presence of natural wood veining reflects the most organic, living dimension of the material (in the Personal Tools handles and Technogym Reform frame).

Together, these elements create a holistic and exclusive design language made up of warm and welcoming tones that invite everyone to train without intimidation, offering users a unique wellness experience and operators the opportunity to create unique and differentiated spaces.

Fortegra Completes Acquisition by DB Insurance

Business Wire India

The Fortegra Group, Inc. (“Fortegra”), a global specialty insurance company, today announced the completion of its acquisition by DB Insurance Co., Ltd. (“DB”), one of Korea’s leading property and casualty insurers. The transaction, announced on September 26, 2025, received all required regulatory and stockholder approvals.

 

Fortegra will operate independently, maintaining its existing leadership team, distribution relationships, and underwriting discipline. Agents, distribution partners, and customers will continue to experience the service excellence that has defined the Fortegra experience.

 

 

Richard Kahlbaugh, Chairman and CEO of Fortegra, said: “Every company eventually changes ownership. That is the nature of business. The closing of this acquisition is a starting point. As part of DB Insurance, Fortegra is positioned to expand our business geographically, enhance our capabilities and deepen our market presence in the US, Europe, the United Kingdom and Asia. Together, DB Insurance and Fortegra intend to build a recognized leader in the global specialty insurance market.”

 

 

About Fortegra

 

 

For more than 45 years, Fortegra, via its subsidiaries, has underwritten risk management solutions that help people and businesses succeed in the face of uncertainty. As a multinational specialty insurer whose insurance subsidiaries have an A.M. Best Financial Strength Rating of A- (Excellent) and an A.M. Best Financial Size Category of ‘X’, we offer a diverse set of admitted and excess and surplus lines insurance products and warranty solutions. For more information: www.fortegra.com.

 

 

About DB Insurance

 

 

For more than six decades, DB Insurance Co., Ltd. has built a strong foundation as one of Korea’s leading insurers, protecting individuals and businesses while driving the advancement of the nation’s insurance industry. Founded in 1962 as Korea’s first public automobile insurer, the company adopted the name DB Insurance in 2017 to embody its vision of becoming a global insurance group. With an A.M. Best Financial Strength Rating of A+ (Superior) with Financial Size Category of ‘XV’ and S&P Rating A+ (Stable), DB Insurance provides a comprehensive portfolio of general, long-term, and automobile insurance, along with a broad range of financial services through its subsidiaries in life insurance, securities, savings banking, and asset management. For more information: www.idbins.com.

 

 

 

 

 

SINOVAC Receives Nasdaq Notification Regarding Late Filing of 2025 Annual Report

Business Wire India

Sinovac Biotech Ltd. (Nasdaq: SVA) (“SINOVAC” or the “Company”), a leading provider of biopharmaceutical products in China, today announced that it received a notification letter dated May 20, 2026 (the “Notification Letter”), from Nasdaq Listing Qualifications (“Nasdaq”) stating that as of May 8, 2026, the Company had regained compliance with the periodic filing and interim financial requirements in Nasdaq Listing Rules 5250(c)(1) (the “Periodic Filing Rule”) and 5250(c)(2), as required by the Panel’s decision dated January 21, 2026. As previously disclosed on January 22, 2026, under the Panel’s decision, SINOVAC was required to, on or before May 11, 2026, demonstrate compliance with such Nasdaq Listing Rules by completing filings of its annual report for the year ended December 31, 2024, on Form 20-F and an interim balance sheet and income statement as of the end of its second quarter of 2025 on Form 6-K. The Company timely completed such filings as required by the Panel’s decision.

 

The Notification Letter also stated that the Company will be subject to a mandatory panel monitor (the “Panel Monitor”) for a period of one year from the date of such letter. If, within that one-year monitoring period, the Nasdaq Listing Qualifications staff (the “Staff”) finds the Company again out of compliance with the Periodic Filing Rule that was the subject of the exception, the Staff will issue a delist determination letter and the Company will have an opportunity to request a new hearing with the initial Panel or a newly convened Panel if the initial Panel is unavailable. The Company will have the opportunity to respond and present to the Panel as provided by Nasdaq Listing Rule 5815(d)(4)(C).

 

 

Subsequently, the Company received a delist determination letter (the “Staff Determination”) from Nasdaq dated May 22, 2026, stating that because the Company has not timely filed its annual report on Form 20-F for the year ended December 31, 2025 (the “2025 Annual Report”), the Company no longer complies with the Periodic Filing Rule. Therefore, in accordance with the Panel Monitor, unless the Company timely requests a hearing before the Panel regarding the Staff Determination by May 29, 2026, the Company’s securities would be subject to suspension and delisting.

 

 

Accordingly, the Company has today requested a hearing before the Panel. Such hearing request automatically stays the suspension of the Company’s securities for a period of 22 calendar days from the date of the Staff Determination. The Company has also requested a further stay of any suspension action pending the completion of the hearing process.

 

 

About SINOVAC

 

 

Sinovac Biotech Ltd. (SINOVAC) is a China-based global biopharmaceutical company, with a mission of “supply vaccines to eliminate human diseases”, the company specializes in the research, development, manufacturing and commercialization of vaccines and related biological products that protect against human infectious diseases.

 

 

The Company’s diversified portfolio includes vaccines for influenza, viral hepatitis, varicella, Hand-Foot-Mouth disease (HFMD), poliomyelitis, pneumococcal disease, etc., of which 3 vaccines have been prequalified by WHO, including inactivated hepatitis A vaccine Healive®, Sabin-strain inactivated polio vaccine (sIPV), and varicella vaccine.

 

 

SINOVAC has a leading edge in developing vaccines to combat infectious disease outbreaks and was among the first to initiate R&D during major public health emergencies, including SARS, H5N1, H1N1, and COVID-19. The company developed the world’s first inactivated SARS vaccine (Phase I completed), China’s first H5N1 influenza vaccine (Panflu®), the world’s first H1N1 influenza vaccine (Panflu.1®), and CoronaVac®, the most widely used inactivated COVID-19 vaccine globally.

 

 

Beyond its marketed portfolio, the Company is advancing a robust pipeline that includes combination vaccines, recombinant protein vaccines and next-generation platforms such as mRNA technologies and antibodies.

 

 

With a long-standing commitment to innovation and global health, SINOVAC is expanding its global footprint by strengthening partnerships with research institutions, international organizations, and local partners. Through broader market presence, technological cooperation, and localized production, the Company aims to accelerate vaccine development and supply, enhance regional access to high-quality products, and better address unmet medical needs while improving preparedness for future pandemics.

 

 

For more information, please see the Company’s website at www.sinovac.com.

 

 

Safe Harbor Statement

 

 

This announcement contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions, including the Company’s statements related to the timing and actions taken to regain compliance with Nasdaq listing rules. Such statements are based upon the Company’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, including without limitation risks, uncertainties and factors related to the completion and filing of the 2025 Annual Report, and actions taken to regain compliance with the Nasdaq listing rules, all of which are difficult to predict and many of which are beyond the Company’s control, which may cause the Company’s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

 

 

 

 

 

CII MSME Connect Series 2026 Highlights Expanding Business Opportunities for MSMEs in Odisha

CII MSME Connect Series 2026 Highlights Expanding Business Opportunities for MSMEs in Odisha

Bhubaneswar, May 30: The Confederation of Indian Industry (CII) Odisha successfully organized the CII MSME Connect Series 2026: Expanding Business Horizon in Bhubaneswar, bringing together senior government officials, industry leaders and MSMEs to strengthen industrial collaboration and create new business opportunities for Odisha’s MSME sector.

The conference was graced by Shri Sampad Chandra Swain, Hon’ble Minister, Department of Industries, Skill Development & Technical Education, Government of Odisha, as the Chief Guest.

Addressing the gathering, Shri Sampad Chandra Swain emphasized that achieving the vision of Samrudha Odisha and Viksit Bharat by 2036 and 2047 would require MSMEs to grow alongside large industries. He stressed the need for stronger coordination between MSMEs and anchor industries, along with industrial area mapping to identify MSME opportunities around large industries. Highlighting Odisha’s industrial progress, he stated that Odisha has emerged as the second-highest investment destination in the country after Andhra Pradesh under the Utkarsh Odisha initiative.

Smt Rashmita Panda, IAS, Commissioner-cum-Secretary, Department of Micro, Small, and Medium Enterprises, Government of Odisha, highlighted the growing strength of Odisha’s MSME ecosystem, stating that the state has more than 14 lakh MSMEs registered under Udyam. She emphasized the importance of vendor development, stronger industry connect, and ease of doing business, while noting the Government’s focus on sectors such as food processing, mineral & metal and textiles.

Delivering the opening remarks, Mr Anil Kumar Singh, Chairman, CII Odisha State Council, highlighted the contribution of MSMEs towards employment generation and economic growth in Odisha and stressed the need for MSMEs to scale up capabilities to leverage upcoming industrial investments. Mr Manikanta Naik, Vice Chairman, CII Odisha State Council emphasized collaboration between large industries and MSMEs to bridge the industrial growth gap and encouraged enterprises to actively engage with industries for business expansion.

Dr Pradipta Mohanty, Past Chairman, CII Odisha State Council stressed focused development of MSMEs in textiles, food processing and agriculture, along with affordable infrastructure and technology adoption. Mr Sanjay Pattnaik, Past Chairman, CII Odisha State Council highlighted challenges related to land, finance, digital transformation, sustainability and risk management for MSMEs.

The conference enabled MSMEs to interact directly with industries including Vedanta Ltd, Jindal Stainless Ltd, HINDALCO Industries Ltd, JSW Steel Ltd, IFFCO, Talcher Fertilizers Ltd, Calderys India Refractories Ltd, NALCO Ltd, L&T, TPCODL and Shri Mahavir Ferro Alloys. More than 200 MSMEs participated in the conference.