New Delhi, : In a move aimed at strengthening the growth prospects of small businesses, engineering exports promotion body EEPC India has urged the government to introduce a separate credit rating framework for Micro, Small and Medium Enterprises (MSMEs), arguing that the current system often places them at a disadvantage.

The industry body has highlighted that MSMEs are frequently assessed against large corporate players in their respective sectors, making it difficult for smaller enterprises to secure investment-grade ratings despite their operational strengths and growth potential.

According to EEPC India, the absence of a dedicated rating mechanism limits MSMEs’ access to affordable credit, as lower ratings often result in higher collateral requirements and increased borrowing costs. This, in turn, affects their ability to expand operations, invest in innovation, and compete effectively in domestic and global markets.

The proposal calls for a separate evaluation framework that benchmarks MSMEs against businesses of similar size and scale rather than large industry leaders. Such a system, industry representatives believe, would provide a more accurate assessment of an enterprise’s financial health and business performance.

A dedicated rating model could significantly improve access to finance for thousands of small businesses, which form the backbone of India’s manufacturing, exports, and employment ecosystem. Easier access to credit would enable MSMEs to strengthen productivity, create jobs, and contribute more effectively to the country’s economic growth.

Industry stakeholders have also suggested that a specialised framework, developed in consultation with regulators and rating agencies, could help build greater confidence among lenders while ensuring fairer treatment for smaller enterprises.

As India seeks to strengthen its manufacturing and export capabilities, policymakers are increasingly focusing on measures that improve the ease of doing business for MSMEs and unlock their growth potential.

New Delhi, June 3: In a major step towards cleaner air and sustainable urban transport, the Union Cabinet has approved a ₹9,585 crore green mobility scheme aimed at replacing ageing trucks and buses operating across the Delhi-NCR region.

The initiative is designed to accelerate the transition to cleaner and more efficient vehicles, helping reduce vehicular emissions, improve air quality, and strengthen the region’s environmental sustainability goals.

Officials said the scheme will support the phased replacement of older, high-polluting commercial vehicles with modern, environmentally friendly alternatives. The move is expected to significantly lower pollution levels while enhancing fuel efficiency and operational performance in the transport sector.

Beyond environmental benefits, the programme is also expected to stimulate demand for new vehicles, support the automotive manufacturing ecosystem, and create employment opportunities across related industries.

The Cabinet’s approval reflects the government’s broader commitment to green growth and climate-conscious development. By encouraging cleaner transportation, the initiative aims to improve public health outcomes, reduce carbon emissions, and build a more sustainable urban mobility framework for one of the country’s most densely populated regions.

Experts believe the scheme could become a model for other metropolitan regions seeking to address air pollution while modernising their transport infrastructure.

Gandhinagar , June 3 : With an aim to support the holistic development of students through its uniquely structured Explorer Fellowship, Indian Institute of Technology Gandhinagar  ’s Explorer Fellowship 2026 enables students to explore India through real-world experiences.

Launched in 2015, IITGN’s Explorer Fellowship is a unique program that encourages students to step outside familiar environments, interact with people from different backgrounds, and develop resilience, adaptability, and self-confidence. To support its students, IITGN provides financial support under a structured low-budget travel framework, enabling students to travel across the country while learning to manage resources responsibly.

The 2026 edition of this unique six-week program has received applications from 63 student teams. Following a facilitative selection process, 56 teams have been selected for this edition.

Speaking about this unique initiative, Prof. Manish Kumar, Dean, Student Affairs, IITGN, said,

“This first-of-its-kind initiative among the IITs encourages students to connect with people, communities, and realities beyond campus. By travelling across India and navigating unfamiliar situations, students develop confidence, empathy, independence, and better decision-making skills. The programme is a part of the continued commitment of IITGN towards the holistic education of students.”

Open to IITGN students above 18 years of age, participants of this fellowship are required to travel to six states in India, including at least one state from the North-East, one from the South, and one from the North. They must travel using sleeper-class train coaches or state-run buses and stay in affordable accommodations such as youth hostels and homestays.

The experience encourages students to engage with real-world scenarios across India while developing teamwork, adaptability, and meaningful peer connections. During their journeys, students explore local cultures, handicrafts and handloom traditions, regional cuisines, heritage sites, community enterprises, and diverse socio-economic landscapes, making the fellowship a unique learning experience beyond the classroom.

Prof. Chetan D. Pahlajani, Convener of the Explorer Fellowship Programme, IITGN, said,

“One of the things we really enjoy in the fellowship programme is seeing students’ creativity each year in coming up with innovative themes around which they organize their travel. Themes have ranged from architecture, dams, and UNESCO World Heritage Sites to regional variations in cuisines and sartorial choices.”

A fellow of the 2025 batch, Mr. Rajani Meena, a student from BTech ’24, Electrical Engineering, IITGN, shared,

 “I wanted to explore different parts of India and push myself out of my comfort zone. One of the most memorable experiences was visiting the Shillong mountains and seeing clouds below us when we looked down; it was truly unforgettable. Travelling on a limited budget taught me how to manage money, adjust to different situations, and understand that travel is more about experiences than comfort. The fellowship also helped me become more confident and independent. Now, I can proudly say that I know my country.”

Another fellow from the 2024 batch of the Explorer Fellowship, Mr. Antariksh Milind Dongre, a student from BTech ’23, Chemical Engineering, IITGN, said,

“I applied for the Explorer Fellowship because I wanted to experience India beyond textbooks and social media. One of the most memorable parts of the journey was travelling through rural South India, where language barriers often made communication difficult. Yet, through broken conversations, gestures, and a few shared words, people were incredibly welcoming and eager to help. Travelling on a limited budget taught me to value experiences over comfort and appreciate the kindness of strangers. The fellowship helped me better understand India’s cultural and geographical diversity while strengthening my communication, adaptability, problem-solving, and teamwork skills through real-life experiences.”

The Explorer Fellowship is an example of IITGN’s dedication to developing well-rounded students who are socially conscious and culturally knowledgeable, as well as confident in any new environment they enter. There has been an increase in applications this year, which speaks volumes about students’ willingness to learn from experience and exploration.

IIT Gandhinagar continues to engage prospective students and their families through initiatives such as its upcoming JEE Open House on June 05, 2026  , offering an opportunity to learn more about the institute’s academic programmes, student life, and unique opportunities such as the Explorer Fellowship.

June 03: New global research from Ocorian, the specialist global provider of services for asset managers and owners, including private client, fund administration, capital markets, corporate, and regulatory solutions, shows that many family offices are putting themselves at greater risk of a potential cyber attack and don’t have plans in place to recover if they are hit.

It’s estimated that 43% of family offices globally have suffered a cyber attack in the past two years but Ocorian’s study among family members and senior family office employees handling total wealth of $119.37 billion shows almost a fifth (19%) don’t have any defence plans in place to protect themselves from a potential attack. However, 18% of them say that they do plan to put one in place.

This compares to three quarters (75%) of respondents who have taken steps to strengthen their defences against a potential cyber attack in the past two years. Just 7% say they had plans in place more than two years ago.

Should they suffer a cyber attack more than a fifth (22%) of those surveyed say they don’t currently have an incident plan in place to respond and recover. Around 78% say they do have an incident plan ready.

More than one in 10 (11%) family offices surveyed admit that they feel significantly challenged when it comes to delivering the level and quality of cyber security expertise they need to operate effectively. Almost half (49%) say they currently receive advice and support from third-party professionals over cyber security, but this is set to significantly increase, with 72% saying they see the levels of outsourcing around cyber security to increase over the next three years. Of these 41% say they expect a dramatic increase.

 Ian Rumens, Head of Private Client – Jersey, at Ocorian said: “A cyber security attack is becoming an increasing reality and can have huge implications for family offices, damaging reputations, triggering loss of stakeholder confidence and putting long-term relationships at risk. While many are taking steps to put the necessary precautions and defences in place, such as getting expert third-party advice, there are still too many who are highly susceptible.

 “The financial impact can also be significant, from direct theft and fraud to business interruption, incident response costs, regulatory fines and potential litigation. It’s also vital that family offices work closely with all their service providers and suppliers to make sure those partners have the right protections in place too, helping reduce the risk of a cyber incident spreading through the wider ecosystem.

 “Finally, organisations should ensure strong backup and recovery arrangements are tested regularly to help protect against data loss or corruption, so critical records and reporting can be restored quickly and accurately. On top of this, with no incident plan in place, it could also take those affected by an attack much longer to respond and recover afterwards.”

 Ocorian’s award winning dedicated family office team provides a seamless and holistic approach to the challenges and opportunities families face. Its service is built on long-term personal relationships that are founded on a deep understanding of what matters to family office clients. Its global presence means Ocorian can provide bespoke structures and services for international families no matter where they live.

 Key services include formation and administration of family offices, HR support services, support with lifestyle and luxury assets, family governance, resident and relocation services and specialist support with immigration, visas, payroll, marine and aircraft crew management and financial reporting.

India,  June 3: Liferay, a  provider of Digital Experience Platforms (DXPs), today announced the launch of Liferay AI Hub, a standalone SaaS product that enables enterprise organizations to build, deploy, and manage AI agents through a low-code environment. Grounded in an organization’s own data and governed by its existing security policies, Liferay AI Hub is designed to give enterprises the speed and flexibility they need to adopt AI at scale without rebuilding the security infrastructure they already have in place.

Enterprise AI initiatives often stall because of the complexity involved in deploying AI responsibly. Building governance from scratch can take months. Ensuring AI stays grounded in the right data, and never surfaces what it shouldn’t, requires infrastructure most organizations are still trying to build. And fragmented adoption across departments creates security gaps and redundant costs that often go unnoticed until it’s too late. Liferay AI Hub was built to solve those challenges.

“The typical enterprise governance foundation includes access controls, data policies, and security infrastructure that have taken years to assemble. Liferay AI Hub lets organizations apply all of that to AI without starting over,” said Julia Molano, Director of Product Management at Liferay. “They can connect their preferred AI models, define agents tailored to their business, and deploy them in days, not months.”

Governance by Design

Liferay AI Hub is built on top of Liferay DXP’s existing security and access control framework. Rather than requiring organizations to build a separate governance layer for AI, Liferay AI Hub agents operate on behalf of authenticated DXP users, ensuring they can only access data that user is authorized to see. Every AI interaction is logged in a full audit trail, and sensitive information stays within the organization’s environment. The platform is designed to support enterprise compliance needs, including GDPR data locality, HIPAA access controls, and SOC 2 audit readiness. Liferay also holds ISO/IEC 42001 certification for its AI Management System, validating its commitment to responsible AI governance.

Open Architecture, Any AI Service

Unlike embedded AI solutions tied to a single vendor’s model, Liferay AI Hub is built on an open, model-agnostic architecture. Organizations can connect a wide range of LLMs, including models from providers such as Anthropic, Google and OpenAI. As the AI landscape evolves, organizations can swap or add models without rebuilding agents or disrupting existing workflows, protecting their technology investments over time. Through the Model Context Protocol (MCP), customers can access data from any compatible system to be used by agents.

Low-Code Agent Building for the Whole Enterprise

Liferay AI Hub provides a low-code studio designed for technical users, including existing IT resources, who need to configure, deploy, and manage AI agents without the overhead of custom development. Pre-built agent templates cover common use cases, including content creation. They can be reviewed, configured, and deployed in minutes. For more specialized requirements, teams can define bespoke agents grounded in their own documents, product catalogs, knowledge bases, and systems of record.

Liferay AI Hub also supports multi-agent orchestration, allowing organizations to chain specialized agents into end-to-end business workflows, with complete human review checkpoints and event-driven triggers coming in later releases. Use cases span marketing content pipelines, supply chain risk monitoring, predictive audience segmentation, automated compliance review, proactive customer service triage, and more.

The foothills of the Mussoorie have long set the stage for life’s most meaningful moments. Hyatt Regency Dehradun Resort and Spa has long been the preferred address for those moments; and with the recent hosting of an exclusive Familiarization (FAM) trip for 50 of Delhi NCR’s most prominent wedding planners, it has made clear that its finest chapter is still being written. 

The two-day immersive experience was designed not merely as a showcase, but as an invitation; into the resort’s world of considered luxury, unhurried beauty, and an expanded vision for what destination weddings in North India can be. For many attending planners, it was their first encounter with the property; for all, it was a reminder that great venues do not simply host weddings; they elevate them. 

The curated itinerary wove together venue walkthroughs, culinary experiences, and thoughtful dialogue around evolving guest expectations and the future of large-format celebrations. At the heart of it all was the unveiling of the resort’s upcoming ballroom complex; a development poised to redefine the destination wedding landscape in Uttarakhand, and beyond. 

The new infrastructure is nothing short of transformative. A grand banquet hall of approximately 11,000 sq. ft. anchors the complex, complemented by a pre-function area of approximately 5,100 sq. ft. and a sweeping banquet lawn of approximately 9,400 sq. ft., together offering the scale and flexibility that landmark celebrations demand. Above it, a stunning terrace venue unfolds: approximately 4,500 sq. ft. under a sheltered canopy and an expansive open terrace of approximately 6,600 sq. ft., all set against the unhurried grandeur of foothills of the Mussoorie 

The response from the industry was immediate and unequivocal. Planners described the upcoming development as a turning point for destination weddings in the region; one that not only expands the resort’s capability, but raises the ambition of what is possible here. 

Sumit Kumar, General Manager, Hyatt Regency Dehradun Resort and Spa, reflected on the occasion:

“Destination weddings today are about creating meaningful experiences and unforgettable memories. Through this FAM, we wanted our valued partners to experience not only our enhanced infrastructure but also the warmth and care that define Hyatt hospitality. The response has been extremely encouraging, and we are excited about the opportunities that lie ahead as we prepare to unveil our new ballroom.” 

Nestled in the serene foothills of the Mussoorie, Hyatt Regency Dehradun Resort and Spa has steadily and purposefully shaped what luxury means in this part of the country; becoming the preferred address for destination weddings, social celebrations, wellness retreats, and MICE events. With this next chapter of growth, that promise only deepens. 

·       New CoCo innovations expand the experience across desktop, mobile, Slack, VS Code, Claude Code, and Microsoft Excel, enabling builders to work from the tools and environments they already use.

·       Snowflake also introduced Snowflake Datastream, a fully managed streaming service for Apache Kafka® that enables organizations to power real-time AI apps and agents with fresh, continuously flowing data directly within Snowflake.

·       Together, CoCo and Datastream simplify how organizations build and operationalize real-time AI by combining AI-assisted development with governed, real-time data in a single platform.

·       New CoWork capabilities including Cortex Sense, Artifacts, Deep Research, User Skills, and personalization help teams interact with enterprise data and AI through a unified, context-aware agent experience.

·       CoWork enables organizations to move beyond reactive question-and-answer experiences toward proactive, personalized intelligence that helps teams automate workflows, accelerate decision-making, and operationalize AI across the business.

·       New capabilities including Horizon Context help ensure every person, tool, and AI agent operates from the same trusted business context, while new AI security innovations provide purpose-built controls for governing and securing enterprise AI systems.

·       New security innovations including Agent Identity and enhancements to Snowflake Trust Center help organizations strengthen visibility, governance, and control as they scale AI and autonomous systems across the enterprise.

·       New interoperability innovations including support for Apache Iceberg v3, Snowflake Storage for Apache Iceberg Tables, external engine access management, and support for Iceberg REST Scan Plan API establish a single, governed foundation for enterprise data and AI.

·       Powered by Snowflake Horizon Catalog and Apache Polaris, these capabilities help organizations securely work from a single, live, governed copy of enterprise data across clouds, tools, engines, and enterprise systems.

·       Snowflake is also enabling organizations to securely interact with their enterprise data through natural language with Snowflake CoCo and Snowflake CoWork, while Automatic Data Agents and Agent Sharing automatically transform shared datasets into conversational AI agents with governance built in.

·       Check out all the innovations and announcements coming out of Snowflake Summit 26 on Snowflake’s Newsroom.

·       Stay on top of the latest news and announcements from Snowflake on LinkedIn and X, and follow along at #SnowflakeSummit.

Pune , June 3 : Tech Mahindra , a global provider of technology consulting and digital solutions to enterprises across industries, announced the launch of Agentic Development & Modernization Services, a next-generation services portfolio designed to empower enterprises modernize how applications are built, evolved, and operated. The portfolio integrates agentic AI across the application lifecycle, enabling organizations to accelerate their journey towards AI-led, autonomous enterprise ecosystems.

As enterprises embrace the next wave of AI-led transformation, Tech Mahindra is evolving the traditional definition of ADMS from Application Development and Maintenance Services to Agentic Development and Modernization Services, bringing together autonomous AI, modernization, and engineering excellence to drive smarter business outcomes. Built on Tech Mahindra’s decades of experience in application development and managed services, Agentic Development & Modernization Services portfolio combines engineering expertise with AI-driven delivery models to help enterprises modernize legacy application estates, optimize operations, and build future-ready digital platforms.

Through agentic AI, contextual reasoning, and intelligent orchestration, the portfolio enables systems to continuously analyze, adapt, and respond to evolving business needs, reducing manual intervention and driving measurable business outcomes. Additionally, the services will help enterprises accelerate velocity, improve operational predictability, strengthen continuous quality assurance, and enable more autonomous, scalable, and outcome-driven application environments.

Kunal Purohit, President – Next Gen Verticals, Tech Mahindra, said,

“As organizations increasingly shift toward AI-native operating models, industry estimates indicate that spending on application implementation and next-generation engineering services is expected to grow significantly over the next several years. This will be driven by the rising demand for intelligent operations, autonomous software engineering, and outcome-driven transformation. With Agentic Development & Modernization Services, Tech Mahindra is helping enterprises accelerate this transition by enabling more adaptive, resilient, and context-aware application ecosystems that define the future of autonomous enterprises.”

The new portfolio is structured around four integrated pillars:

• Modernizing Platforms for Autonomy – Re-architecting enterprise platforms into modular, API-first, and AI-ready foundations that support adaptive and agent-driven execution.
• Agentic Software Engineering – Embedding intelligent AI agents across software engineering and DevSecOps lifecycles to improve productivity, accelerate delivery, and enhance engineering outcomes.
• Autonomous Operations – Enabling AI-driven operations through intelligent automation, knowledge graphs, reasoning engines, and AIOps capabilities for real-time monitoring, optimization, and self-healing environments.
• Autonomous Quality Fabric – Transforming quality engineering through autonomous quality assurance agents that continuously optimize testing, reliability, and assurance across DevOps pipelines.

Agentic Development & Modernization Services are powered by Tech Mahindra’s suite of engineering and AI platforms, including Swifter.io, AppGinieZ, Reforge, LitmusT, and other accelerators that support autonomous software engineering, platform modernization, intelligent operations, and AI-enabled quality assurance. The services portfolio is further reinforced by Tech Mahindra’s Vector Squad-based delivery approach, which combines human expertise with AI agents, and productized pricing through “Service Tokens” enabling modular consumption, clearer value realization and improved cost predictability.

The launch reflects a growing focus on enabling adaptive systems, improving operational responsiveness, and accelerating innovation through AI-enabled enterprise capabilities. AI-led application modernization is expected to become a significant growth opportunity over the coming years, driven by increasing enterprise demand for autonomous software engineering, intelligent operations, and outcome-driven digital transformation initiatives.

Alisha Mittal, Vice President, Software Engineering, Everest Group, said,

“The application services market is entering a more agentic phase, where enterprises are increasingly looking beyond traditional automation toward AI-enabled delivery models that can support continuous evolution, operational resilience, and greater engineering adaptability. As application environments become more complex and change cycles accelerate, the market is seeing growing interest in more intelligent and software-led approaches to application development, modernization, and operations.”

The launch aligns with Tech Mahindra’s broader vision of engineering autonomous enterprises by helping organizations move from traditional application environments toward intelligent, composable, and AI-native digital ecosystems that enable continuous innovation, agility, and business-led outcomes.