Record Foreign Investor Outflow Hits Indian Equities

Foreign investors have withdrawn a record ₹1.14 lakh crore (around USD 12.3 billion) from Indian equities in March, marking the largest monthly outflow in the country’s history. Rising geopolitical tensions in West Asia, a weakening rupee, and concerns over high crude oil prices affecting economic growth have driven the sell-off.

With one trading session left in the month, analysts expect outflows could climb even higher, breaking the previous record of ₹94,017 crore set in October 2024. So far in 2026, foreign portfolio investors (FPIs) have pulled out ₹1.27 lakh crore, showing sustained caution amid global and domestic uncertainties.

Market experts say the withdrawals reflect how sensitive foreign capital remains to both international developments and domestic macroeconomic signals. “While India’s fundamentals are strong, investors are closely monitoring currency volatility and external risks before committing more funds,” noted a senior market strategist.

The coming months will be crucial to see whether foreign inflows stabilize or continue, potentially influencing market sentiment and liquidity.

Andhra Pradesh Ushers in India’s Largest Steel Project as Naidu Govt Turns Vision into Reality

Andhra Pradesh is making waves in the ‘Make in India’ initiative with the laying of the foundation stone for ArcelorMittal Nippon Steel (AMNS), the massive Rs.1.36 lakh crore greenfield steel plant here on March 23. The project is billed as the largest in India and has an annual capacity of 17.8 million tonnes of finished steel and the potential to generate over 1 lakh jobs, fueling industrial growth and employment in Andhra Pradesh.

The foundation ceremony was attended by Indian and global dignitaries including Union Steel Minister H.D. Kumaraswamy, global steel magnate and owner of ArecelorMittal, Lakshmi Mittal, and his son Aditya Mittal, signaling Andhra Pradesh’s emergence as a manufacturing powerhouse. Additional MoUs for skilling programs were also signed to ensure sustained job growth for locals.

But the project has been caught in political debate. Recently, YSRCP chief Y.S. Jagan Mohan Reddy claimed that his government planted the seeds through preliminary discussions with global leaders, including a 2022 Davos meeting with Aditya Mittal and preliminary MoU talks. However, despite these claims of initial talks, there had been no advancement in the project whatsoever, and no land was allotted or clearances given during that period. As a result, the project remained a stillborn one without any sign of progress.

When the TDP government returned to power through its alliance with the Janasena Party and Bharatiya Janata Party (BJP), CM Naidu’s governance took up this initiative and finalized the deal through direct talks and in just 21 months, clearances were obtained, four-lane links were built to NH-16, provided dedicated utilities were provided, transforming early discussions into a shovel-ready reality.

The AMNS project reflects the Andhra Pradesh government’s renewed drive to turn big ideas into tangible results. While early engagements laid the groundwork, the project’s rapid progression to on-ground implementation underscores a decisive governance approach focused on speed, infrastructure readiness, and investor confidence. As the state positions itself as a key manufacturing hub under Make in India, this development signals not only economic momentum but also long-term employment generation and industrial growth for the region. And this will stand as a shining example of industrial and economic growth for the entire country.

FPT Wins AI & Machine Learning Innovation Award at 2026 InsurInnovator Connect Asia Awards

Business Wire India

Global IT services provider FPT has been named a winner of the AI & Machine Learning Innovation Award at the 2026 InsurInnovator Connect (IIC) Asia Awards for iSuite, its AI-native digital insurance platform. The award honors organizations and solutions that drive innovation and shape the future of insurance across Asia, recognizing initiatives that deliver measurable impact and elevate industry standards.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260330197417/en/

 

 

FPT representatives at the 2026 InsurInnovator Connect Asia Awards

FPT representatives at the 2026 InsurInnovator Connect Asia Awards

 

The accolade highlights iSuite’s role in transforming insurance operations through embedded intelligence. Built as an AI-powered platform, iSuite automates the full insurance lifecycle from customer onboarding to underwriting and claims, while unifying data across customers, agents, and partners. By embedding AI across core functions, it enables insurers to transition from manual, fragmented processes to a unified, data-driven operating model. In production, iSuite has reduced low-risk claims processing from days to minutes, increased straight-through processing rates to over 70%, and improved fraud detection speed by approximately 50%.

 

Organized in conjunction with the annual InsurInnovator Connect Asia conference, the IIC Asia Awards bring together industry leaders, innovators, and decision-makers across the insurance ecosystem. The program highlights forward-looking technologies and transformative business models redefining how insurers operate in an increasingly digital and customer-centric landscape, and is widely regarded as a benchmark of excellence in the regional insurance industry.

 

 

“The insurance industry is undergoing a fundamental shift from process-driven operations to intelligence-driven models,” said Truong Hoang Phuc, FPT Software Vice President and Director of Global Insurance and Finance, FPT Corporation. “Our AI-first approach embeds intelligence into core workflows such as underwriting and claims, transforming how decisions are made across the enterprise and beyond.”

 

 

With over two decades of experience in the insurance sector, FPT supports over 200 clients worldwide through a dedicated team of more than 3,000 specialists. The company’s workforce is backed by over 500 insurance-related certifications, reflecting deep domain expertise and a continued commitment to delivering high-quality, innovative solutions.

 

 

About FPT Corporation

 

 

FPT Corporation (FPT) is a globally leading technology and IT services provider headquartered in Vietnam and operates in three core sectors: Technology, Telecommunications, and Education. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. As an AI-first company, FPT is committed to elevating Vietnam’s position on the global tech map and delivering world-class AI-enabled solutions for global enterprises. FPT focuses on three critical transformations: Digital Transformation, Intelligence Transformation, and Green Transformation. In 2025, FPT reported a total revenue of USD 2.66 billion and a workforce of over 54,000 employees across its core businesses.

 

 

For more information about FPT’s global IT services, please visit https://fptsoftware.com.

 

 

 

 

 

Screen time among children and adolescents has increased over three decades – especially after COVID-19 pandemic

First systematic review to track long-term trends across pre- and post-pandemic periods finds dramatic rise in screen use among children and adolescents.
 

Screen time among children and adolescents has increased significantly over the past three decades, with clear rise occurring after the onset of the COVID-19 pandemic, according to a new systematic review conducted at the University of Turku, Finland.

The review analysed 60 peer-reviewed studies published between 1991 and 2022 and is the first to comprehensively examine long-term trends in screen time use among individuals aged 0–19 years across both pre-pandemic and pandemic periods.

Postdoctoral Researcher Yuko Mori from the Research Centre for Child Psychiatry at the University of Turku, Finland, the shared lead author, tells that the nature of screen use has changed dramatically, shifting from traditional television to more interactive and personalised digital devices, such as mobile phones and video games. Earlier studies focused mainly on TV viewing, but from the mid-2010s onward, research began to include newer devices, such as smartphones and tablets.

“Interestingly, even during the pandemic, television viewing continued to decline,” says Mori.

School closures during the pandemic intensified screen dependence

Before the COVID-19 pandemic, research showed a mixed picture, as most studies indicated an increasing trend while others showed mixed results. The majority of studies conducted after the pandemic showed a dramatic increase in both total and leisure screen time among children and adolescents.

Across age groups, older children and adolescents generally reported higher screen time than younger children.

“This likely reflects developmental factors,” says shared lead author Sanju Silwal, Postdoctoral Researcher at the University of Turku. “Adolescence is a life stage where peer relationships, online social interaction, and romantic relationships become increasingly central.”

The increase in screen time was observed across socioeconomic groups, but it was more pronounced among children from higher socioeconomic backgrounds. The authors suggest this may reflect greater access to personal digital devices.

Guidance needed for healthy screen use

The sustained rise in screen exposure raises concerns regarding potential impacts on physical health, mental well-being, sleep, and development. Beyond time spent on digital devices, digital environments may expose young people to cyberbullying, inappropriate content, and unrealistic body ideals.

Several countries have introduced regulatory measures in response to growing concerns about youth digital media use. The authors emphasise that effective responses must be grounded in high-quality evidence.

Most research has focused on the duration of screen use rather than the quality, context, or content of digital activities. The authors call for future research to adopt a more nuanced and multidimensional approach, examining not only how much time children spend on screens but also what they are doing online and how it affects their well-being.

“Technology offers tremendous opportunities, but it also presents risks,” Silwal notes. “To ensure that children benefit from digital environments, we need continuous research, evidence-based policies, and coordinated efforts from families, schools, communities, and governments.”

This systematic review was funded by the INVEST Flagship programme of the Research Council of Finland and the European Research Council under the European Union’s Horizon 2020 research and innovation programme.

The review titled “Long-term trends in screen time use among children and adolescents: A systematic review including pre- and post-COVID periods” was published in the journal Clinical Child Psychology and Psychiatry on March 2026: https://doi.org/10.1177/13591045261432532

 

Virtualware Reports Audited 2025 Results: Margin Improvement and Record Bookings

Gross margin rises to 93.7%, EBITDA reaches €672K (15.53% margin), and the company moves to a pro forma net cash position

Bilbao, March 30, 2026.- Virtualware (Euronext Growth Paris: ALVIR) closed 2025 with a gross margin of 93.7%, up from 86.8% in the prior year, and EBITDA of €672,626 (15.53% margin), according to audited annual results filed today with Euronext.

The figures confirm the operational picture outlined in the February preliminary communication and show margin improvement, reflecting discipline and resilience throughout the year.

Audited revenues reached €4.32 million, in line with the preliminary figure. The EBITDA improvement from the €598,500 (13.8%) reported in the unaudited release reflects the final allocation of depreciation and subsidy recognition under the audited close.

The gross margin expansion was driven by the growing weight of software and XRaaS in the revenue mix and a reduction in direct costs.

The VIROO XRaaS line, which includes the international commercialization of the company’s proprietary VIROO platform, contributed €1.95 million. Annual bookings reached a record of over €8 million, driven primarily by government and nuclear projects.

Virtualware Reports Audited 2025 Results: Margin Improvement and Record Bookings

 “The audited results confirm that our model delivers both operational discipline and financial flexibility. We enter 2026 with the strongest liquidity position in our history, a record backlog, and expanding margins. This combination allows us to invest selectively while maintaining the financial sustainability that has defined our trajectory,” said Unai Extremo, CEO of Virtualware.

Net financial debt was approximately €2.70 million as of year-end 2025. However, a €6.22 million payment received on January 8, 2026, corresponding to a receivable on the balance sheet, enabled the company to repay debt and move to a pro forma net cash position.

This post-closing event normalizes working capital and strengthens financial flexibility for selective growth. It does not affect the 2025 income statement.

In June 2025, Virtualware uplisted to Euronext Growth Paris under the ticker ALVIR, broadening its market access and investor visibility.

The company enters the final year of its 2024-2026 Strategic Plan supported by a record backlog, expanding gross margin, operational discipline, and a post-collection cash position that enables selective investment and prudent capital allocation.

Founded in 2004, Virtualware is one of the leading companies in enterprise software based on immersive and 3D technologies for industry and education.

Virtualware serves global organizations and institutions including GE Vernova, Volvo, Gestamp, Alstom, ADIF, Bosch, Biogen, Kessler Foundation, Invest Windsor Essex, McMaster University, the University of El Salvador, Ohio University, the Spanish Ministry of Defense or the Basque Government.

The company’s headquarters are in Bilbao, Spain, with offices in Orlando, US, Toronto, Canada, and Skövde, Sweden.

Investors can consult the company’s Equity Story by clicking on the following link.

An investor conference will take place on April 14th online. Investors can join the following link:

https://virtualwareco.com/investors/call/

 

Udaan Gears Up for IPO; SoftBank Bets Big on OpenAI

Bengaluru-based e-commerce unicorn Udaan has raised $114 million in its latest funding round, bringing its total capital to over $2 billion as it prepares for a planned IPO in 2026. The B2B platform, which connects small retailers with suppliers across India, plans to use the new funds to expand into fast-moving consumer goods and the HoReCa sector, while strengthening its core operations ahead of going public.

Meanwhile, Japanese tech giant SoftBank has secured a $40 billion loan to fuel its ambitious investments in OpenAI. The massive facility underscores SoftBank’s commitment to artificial intelligence and positions the company to make further strategic bets in the rapidly evolving AI landscape.

Together, these moves show how startups and global investors are actively shaping the next wave of growth in e-commerce and artificial intelligence, blending ambition with strategic foresight.

Tanusha Tyagi’s ‘Odyssey of Love’: A Mesmerising Dance of Devotion

Tanusha Tyagi’s ‘Odyssey of Love’: A Mesmerising Dance of Devotion

New Delhi, Mar 30: At the LTG Auditorium, a soulful evening of Bharatanatyam unfolded as Aayam presented Odyssey of Love, a solo recital by Tanusha Tyagi, disciple of Guru Sindhu Mishra. Conceived and choreographed by the Guru, the performance sought to trace love in its many resonances— cosmic, devotional, and deeply human, through the cosmic Shiva- Parvati pair.

Structured as a traditional Margam, the recital opened with an invocation to Ganesha and Shiva. The Ganesh Kriti, set in raga Nattai, established a tone of auspiciousness, with Tyagi’s vibrant movements carrying both the joy of praying to the Lord, and years of tedious practice. This was followed by Bho Shambho in Revathi, where the dancer moved between stillness and fluidity, invoking Shiva not merely as the cosmic dancer but as a compassionate, omnipresent force.

The central Pada Varnam, drawing from the Ramcharitmanas, explored Parvati’s steadfast devotion. Here, Tyagi carried the dual demands of nritta and abhinaya with sincerity and grace. The narrative—Parvati’s penance and her testing by the Saptarishis—was rendered with emotional clarity.

A more unusual presentation came with the Padam, again sourced from the Ramcharitmanas, depicting the wedding of Shiva and Parvati through the eyes of a startled and resistant maternal gaze.

The tension between fear and faith was delicately suggested, with Tyagi’s abhinaya depicting the nuance in Maena’s disbelief and Parvati’s quiet resolve.

The recital concluded with a lively Desh Thillana, where rhythmic agility took precedence. Tyagi’s footwork here was energetic, providing a fittingly vibrant close to this deep, contemplative evening.

The live orchestra—featuring G. Elangovan (Carnatic vocals and flute), Nitin Sharma (Hindustani vocals), Sachin Sharma (tabla), and Dr. Ramamurthy Kesavan (mridangam)—offered a textured musical canvas. Guru Sindhu Mishra’s nattuvangam anchored the performance, maintaining cohesion across the repertoire.

Odyssey of Love remained anchored in its thematic intent—exploring love as surrender, endurance, and transcendence.

India’s Trauma Care Push Gets a Boost as HOSMAT Launches Golden Hour Network At First-Of-Its-Kind Trauma Conclave

Bengaluru, Mar 30: In a significant step towards strengthening trauma care systems in India, HOSMAT Hospitals, a leader in orthopaedics and trauma care, in collaboration with the Bangalore Orthopaedic Society, successfully hosted HOSMAT Traumacon 2026, a first-of-its-kind, practice-driven trauma conference, marked by the formal launch of the HOSMAT Alumni Association, and Golden Hour Network (GHN).

India’s Trauma Care Push Gets a Boost as HOSMAT Launches Golden Hour Network At First-Of-Its-Kind Trauma Conclave

 Positioned as a pioneering initiative, the Golden Hour Network is a structured, professional trauma care community that brings together surgeons trained within the HOSMAT ecosystem under a shared commitment to rapid, precise, and outcome-driven trauma care.

More than an alumni collective, GHN is designed as a co-governed clinical and academic network, with a defined programme of monthly clinical rounds, quarterly specialty-focused discussions, and an annual TraumaCon gathering as its apex platform.

Named after the critical “golden hour”, the first hour following injury where timely intervention determines survival, the network reflects a deeper philosophy: that trauma care is not defined by institutions, but by the urgency, precision, and shared responsibility of the clinicians delivering it. Over the next six months, the network will establish its governance structure, onboard senior alumni, and initiate its first clinical engagements.

The launch of GHN underscores HOSMAT’s evolution beyond a high-volume clinical institution into a research-led and academically driven centre of excellence in orthopaedics and trauma care.

Over the past 33+ years, HOSMAT has built one of the country’s most significant trauma ecosystems, performing 25 to 30 trauma surgeries daily, placing it among India’s highest-volume trauma centres. The institution has also contributed extensively to academic medicine, leading over 300 research initiatives, with more than 80 publications in internationally indexed journals, and playing a key role in shaping clinical practice in orthopaedics and trauma.

Its impact on medical education is equally significant. According to Orthopaedic Society of India estimates, nearly 10% of Bengaluru’s orthopaedic surgeons have trained at HOSMAT, reinforcing its role as a major training hub for the next generation of specialists. Over the decades, HOSMAT has also touched nearly one-third of Bengaluru’s population through trauma care, reflecting both its scale and community trust.

Held at the ITC Welcome Hotel, Richmond Road, Traumacon 2026 brought together 150+ leading orthopaedic surgeons, trauma specialists, and clinicians from across India, creating a platform for real-world learning, surgical innovation, and collaborative problem-solving. The event was held in memory of Late Dr Thomas Chandy, a globally respected orthopaedic surgeon and pioneer in trauma care, whose legacy continues to guide the institution’s clinical and academic philosophy.

India continues to face one of the highest trauma burdens globally, with over 4.8 lakh road accidents annually and nearly 1.7–1.8 lakh deaths each year, making trauma one of the leading causes of mortality among young adults. Against this backdrop, Traumacon 2026 was conceptualised to address a critical gap – the need for practice-led, experience-driven learning platforms that directly impact patient outcomes.

The conference featured a comprehensive, full-day scientific agenda with over 25+ expert-led sessions, covering upper limb trauma, complex lower limb injuries, paediatric trauma, non-union surgeries, complication management, medico-legal aspects, and orthopaedic practice efficiency. A defining feature of the conference was its case-based and discussion-led format, enabling clinicians to engage with real-world scenarios and refine decision-making in high-pressure environments.

Reflecting on the significance of the conference and the launch of GHN, Anisha Chandy Eckardt, Managing Director, HOSMAT Hospitals, said:

“Trauma care in India does not suffer from a lack of clinical expertise – it suffers from gaps in time, training, and integration. At HOSMAT, this is a reality we have long recognised, guided by the enduring belief of Dr Thomas Chandy that every patient deserves timely, precise, and compassionate care without compromise. Through Traumacon 2026, we are bringing together some of the finest minds in the field to address these critical gaps – not just through discussion, but through driving real, practice-led change that can improve outcomes where it matters most, in the golden hour of care.

At the same time, we are very consciously investing in transforming HOSMAT into a high-end orthopaedic and trauma research institute. That is the direction we see for ourselves in the years to come – where clinical excellence is deeply integrated with academic leadership, research, and innovation.”

Dr Ravishankar M R, Head of Orthopaedic Trauma, HOSMAT Hospitals and Chairman of Traumacon 2026, added:

“At HOSMAT, trauma care is built on a strong foundation of clinical volume, academic rigour, and continuous research. Managing 25 to 30 trauma surgeries every day gives us a unique depth of real-world experience, while our academic and training programmes ensure that this experience is translated into knowledge. Traumacon reflects this balance – where clinical practice, research, and collaboration come together to create more consistent, evidence-based trauma care systems.”

Adding perspective on the legacy behind the institution, Dr Subodh M Shetty, President, Orthopaedic Society of India, said:

“Dr Thomas Chandy was not just a surgeon – he was a mentor who shaped generations of orthopaedic and trauma specialists in this country. Many of today’s leading surgeons carry forward his approach to precision, discipline, and patient-first care. What we see today in Traumacon is a reflection of that legacy – a commitment to learning, sharing, and continuously improving. The Golden Hour Network, in that sense, is a powerful extension of his vision. It has the potential to bring together expertise across the country and significantly strengthen trauma response systems where it matters most.”

With strong participation, high engagement, and a uniquely practical approach, HOSMAT Traumacon 2026, along with the launch of the Golden Hour Network, marks a significant step towards building a more integrated, collaborative, and research-driven trauma care ecosystem in India.

Building on the success of its inaugural edition, Traumacon is expected to evolve into a national platform for trauma education, research, and clinical collaboration, bringing together clinicians, institutions, and innovators to shape the future of orthopaedic and trauma care in India.

Bureau Veritas and Trade Technologies Join Forces to Streamline Global Trade Operations

Business Wire India

Bureau Veritas, a global leader in Testing, Inspection, and Certification services (TIC), through its Swiss branch Government Services Division, is pleased to announce a strategic agreement with Trade Technologies, the leading provider of trade finance automation, connectivity and transaction management services. This collaboration is a significant step toward reducing the complexities of international trade operations, particularly in regions where regulatory and inspection controls remain stringent.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260329411683/en/

 

 

Addressing Critical Trade Finance Challenges

 

 

The agreement comes at a pivotal time for global trade. Letters of Credit (LCs) continue to serve as essential instruments in international commerce, particularly across the Middle East and Africa, where counterparty risk, foreign exchange controls, sanctions exposure, and regulatory oversight face ongoing challenges.

 

 

In many LC transactions, conformity-assessment documents -such as Certificates of Inspection, Certificates of Conformity, or Inspection Reports- are required as part of the documentation package. These documents must be issued prior to export and be verified to ensure LC compliance, which often creates delays and adds operational complexity. The collaboration between Bureau Veritas and Trade Technologies streamlines this process by linking inspection and conformity assessments directly to the trade-finance workflow, enabling faster validation and delivery of the required certificates.

 

 

Market Outlook and Growth Potential

 

 

The documentary trade sector is forecasted to grow at a 3.1% CAGR through 2029, while receivables finance is projected to expand at 4.2% CAGR during the same period. Documentary trade is expected to remain a core component of the trade finance market well into the 2050s, underscoring the enduring relevance of this collaboration. Current high levels of counterparty and geopolitical uncertainty underscore the value of documentary trade to manage risk in cross-border transactions.

 

 

Tangible Benefits for Trade Stakeholders

 

 

The collaboration between Trade Technologies and Bureau Veritas promises to deliver meaningful improvements:

 

 

  • Enhanced Border Efficiency: More streamlined border processes have already contributed to trade cost reductions of up to 5% over the past decade, with ambitious reforms potentially delivering up to 12 percentage points in additional savings.

 

  • Reduced Uncertainty: By combining Trade Technologies’ digital trade expertise with Bureau Veritas’ deep international trade experience, this collaboration is expected to help exporters, importers, and traders reduce uncertainty and improve visibility.
  • Compliance Assurance: The collaboration ensures that applicable standards and/or contractual obligations are met before goods move across borders, strengthening compliance with inspection and conformity requirements.

 

A Practical Alignment

 

This strategic collaboration reflects a practical alignment between Trade Technologies, industry-leading digital trade processes and Bureau Veritas’ global network of testing, conformity and inspection experts, enabling better coordination of financial, documentary, and regulatory workflows across global trade corridors.

 

 

Our Certificates of Conformity and Inspection have long served as essential gatekeepers in global supply chains, confirming that goods meet applicable standards before they cross borders”, said Stéphanie Peyrot, Government Services Director for Central Southeast Europe.Through this collaboration with Trade Technologies, we’re now able to integrate these critical documents directly into the trade finance workflow. This means faster processing, greater transparency, and reduced risk for all parties, from exporters and importers to banks and customs authorities. It’s about making compliance work for trade, not against it.

 

 

“Bureau Veritas is an important player for vital documents and data to provide certainty of prompt payment under trade finance instruments”, said Kirk Lundburg, CEO of Trade Technologies. This collaboration simplifies our communication with Bureau Veritas and reduces the time for delivering key data and documents necessary to get our customers paid for their export transactions. We are delighted to partner with Bureau Veritas to reduce risk and complexity for our shared customers.

 

 

***

 

 

About Bureau Veritas:

 

 

Bureau Veritas is a world leader in inspection, certification, and laboratory testing services with a powerful purpose: to shape a world of trust by ensuring responsible progress. With a vision to be the preferred partner for customers’ excellence and sustainability, the company innovates to help them navigate change.

 

 

Created in 1828, Bureau Veritas’ 82,000 employees deliver services in 140 countries. The company’s technical experts support customers to address challenges in quality, health and safety, environmental protection, and sustainability.

 

 

Bureau Veritas is listed on Euronext Paris and belongs to the CAC 40, CAC 40 ESG, SBF 120 indices and is part of the CAC SBT 1.5° index. Compartment A, ISIN code FR 0006174348, stock symbol: BVI.

 

 

For more information, visit http://www.bureauveritas.com, and follow us on LinkedIn.

 

 

Our information is certified with blockchain technology.
Check that this press release is genuine at www.wiztrust.com.

 

 

About Trade Technologies:

 

 

Trade Technologies is the leading provider of trade finance automation, connectivity, and transaction management services. Established in 1999, the Company has processed almost USD 195 billion in successful trade transactions for thousands of Exporters. Trade Technologies’ innovative solutions, including TradeSharp™ and TradeBridge API, automate and digitize the creation, management, and delivery of documents and data between Corporates, Banks and Buyers. With a global presence in 16 offices across Asia, EMEA and North America, the Company offers a unique blend of technology and expert trade services that optimize transaction processing, enhance cash flow, and provide end-to-end visibility. Clients benefit from faster, more reliable payments and reduced costs.

 

 

www.tradetechnologies.com

 

 

 

 

 

HRV Pharma Partners with Shodhana Laboratories for Multi-Year API Development & Manufacturing Collaboration

Hyderabad, Mar 30: HRV Global Life Sciences, India’s first integrated Virtual API and Pharmtech company, has announced a comprehensive multi-year Contract Development and Manufacturing (CDMO) partnership with Shodhana Laboratories Private Limited to co-develop, manufacture, and supply a curated pipeline of high-science pharmaceutical APIs.

The collaboration will focus on advancing pharmaceutical-grade APIs, including those primarily used in longevity biology, supported by a US Drug Master File (DMF). With this development, HRV becomes the holder of the first and only active Indian DMF for this specific pharmaceutical API category.

The partnership combines HRV’s global market access across 50+ countries, its AI-enabled Virtual API platform, and regulatory DMF capabilities with Shodhana’s expertise in process chemistry, high-purity synthesis, and GMP-compliant infrastructure. Together, the companies aim to create a seamless development-to-commercialization pathway for next-generation molecules in precision medicine.

Under the agreement, both organizations will jointly undertake:

  • Development and US DMF filing for pharmaceutical-grade APIs associated with cellular energy, DNA repair, and aging—emerging as regulated therapeutic solutions in oncology supportive care, neurodegeneration, and longevity medicine
  • A pipeline of five advanced APIs across CNS, rare/orphan diseases, and metabolic and neurological segments, targeting regulated markets in the USA and Europe
  • End-to-end GMP manufacturing, CMC documentation, stability studies, and validation aligned with global regulatory standards including USFDA, EMA, PMDA, and ANVISA
  • Global DMF filings across key regions including the US, EU, LATAM, MENA, and APAC, led by HRV’s regulatory framework
  • Implementation of a unified quality, compliance, and audit-readiness system to meet stringent global benchmarks

Hari Kiran Chereddi, MD & CEO of HRV Pharma, said,

“The API’s launch is not a wellness trend—it marks the beginning of a new pharmaceutical category. Filing a US DMF is a strategic step toward building the next decade of medicine. By combining Shodhana’s synthesis precision with our regulatory and commercial platform, India is now positioned to deliver this molecule at the quality standards required for global drug development.”

Nikhil Thota, Director of Shodhana Laboratories, added,

“Manufacturing pharmaceutical-grade APIs demands the highest level of synthesis precision and quality systems. This partnership with HRV enhances our global regulatory reach and positions us at the forefront of high-science API manufacturing for regulated markets worldwide.”

The partnership has already commenced with five active development programs, with both companies jointly managing regulatory strategy and execution under a structured, milestone-driven framework.

This collaboration reinforces HRV’s mission to build an AI-enabled, asset-light pharmaceutical platform while strengthening Shodhana’s position as a preferred global partner for precision and specialty API development.