Odisha Among Four States Chosen for Critical Mineral Processing Plants Under National Mission

Bhubaneswar, June 2 (BNP): In a major boost to India’s push for self-reliance in strategic resources, the Centre has selected Odisha among four states for the establishment of critical mineral value processing plants under the National Critical Mineral Mission (NCMM).

Odisha Among Four States Chosen for Critical Mineral Processing Plants Under National Mission

Representational image

The proposed facilities, also planned in Gujarat, Telangana and Maharashtra, are aimed at strengthening India’s domestic capabilities in processing and refining critical minerals that are essential for sectors such as electric vehicles, renewable energy, semiconductors, defence and advanced manufacturing.

Union Coal and Mines Minister G. Kishan Reddy said the initiative forms part of the Centre’s long-term strategy to reduce import dependence and build a robust domestic supply chain for minerals considered strategically important for economic growth and technological advancement.

Under the National Critical Mineral Mission, the government has already undertaken large-scale auctions of critical mineral blocks and, for the first time since Independence, created separate mining blocks dedicated to strategic minerals. Officials said several mineral blocks have already been successfully auctioned, marking significant progress in securing domestic access to key resources.

As part of the next phase of the mission, the Centre is moving ahead with the establishment of value processing plants in the four selected states. Land for the proposed facilities has reportedly been allotted by respective state governments, while local administrations are preparing action plans to support project implementation.

The government has also signed multiple memorandums of understanding with several countries to strengthen international cooperation and secure global supply chains for critical minerals.

The upcoming plants are expected to significantly enhance India’s mineral processing and refining capacity — an area where the country has traditionally relied heavily on imports and overseas facilities. Odisha’s inclusion is seen as particularly significant given the state’s vast mineral reserves and strong industrial ecosystem, with the project expected to boost investment, industrial growth and employment opportunities.

FinTech Startup, Kitaabh Technologies Pvt. Ltd., Crosses INR 8.5 Crore in Revenue — Without Spending a Rupee on Performance Marketing

Business Wire India

Kitaabh.com, a cloud-based accounting software platform purpose-built for India’s Chartered Accountants (CAs), accounting firms and small and medium businesses, today announced that it has crossed INR 8.5 crore in revenue — a milestone reached without any spend on performance marketing, paid social, or digital agencies. Kitaabh.com is a 100% made in India with the entire product team based in Visakhapatnam.

 

In a category characterised by fuddy-duddy legacy software, Kitaabh has taken a deliberate growth path of using the double-entry accounting method when leveraging the new-age tech. Co-founder & CEO Srijan Singh has personally led an expo-first go-to-market motion, with the company participating in more than five trade shows, industry expos and accounting conferences every year. There, Srijan and his team have spoken directly with thousands of CAs across India — not to pitch software, but to listen.

 

That listening is now Kitaabh’s product moat. Every feature in the platform — from its keyboard-first interface and GST and TDS compliance modules to its AI-powered financial summaries and real-time dashboards — exists because a practising CA at an expo described, in their own words, why they needed it. The result is software shaped by the people who use it for eight hours a day, not by product managers building from a roadmap. This allows any accounting user, a natural upgrade without having to alter the their keystrokes or any other existing habits. 

 

The timing matters. The Indian accounting software market is at an inflection point: GST has turned compliance into a continuous, real-time exercise; e-invoicing thresholds keep dropping; and a new generation of CAs is openly looking past legacy desktop tools for a faster, cloud-native alternative. Kitaabh is positioning itself precisely at this gap.

 

Commenting on the milestone, Srijan Singh, Co-founder & CEO of Kitaabh Technologies, said: “While everyone was spending money on ads, I was spending time on the ground. I spoke to thousands of CAs at expos across India. They didn’t just become our customers — they became the reason the product is what it is today.”

 

The approach reflects Singh’s own background. A second-generation entrepreneur from a family business, he grew up watching trust get built one handshake at a time at trade fairs and customer visits. Bringing that operating manual into a tech company has, in Kitaabh’s case, produced a SaaS business that has scaled to crore-scale revenues without the heavy performance-marketing spend that fuels most modern SaaS growth — a profile increasingly attractive to investors weighing capital efficiency alongside top-line growth.

 

With the initial revenue success now behind it, Kitaabh plans to deepen its product investment in AI-driven workflows for CA firms, expand its presence at regional accounting forums, and broaden its footprint among multi-client accounting practices across India.

FPT and SATS Partner to Advance AI and Digital Innovation in Aviation Logistics

Business Wire India

Global technology corporation FPT has signed a Memorandum of Understanding (MOU) with SATS Ltd, one of the world’s leading providers of air cargo handling services and Asia’s leading airline caterer. The agreement establishes a framework to explore and develop strategic collaborations focused on artificial intelligence (AI) and digital innovation across Singapore, Vietnam, and the broader APAC region.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260602737234/en/

 

 

The MOU exchange ceremony took place in Singapore during the official visit by the General Secretary of the Communist Party of Viet Nam and State President H.E. To Lam

The MOU exchange ceremony took place in Singapore during the official visit by the General Secretary of the Communist Party of Viet Nam and State President H.E. To Lam

 

This partnership combines SATS’ deep expertise in ground handling and in-flight catering services with FPT’s comprehensive capabilities in AI and digital transformation. Through this MOU, FPT and SATS aim to jointly explore strategic projects that integrate AI for modernizing aviation logistics services, optimizing operational efficiency, enhancing resilience and elevating the overall passenger experience in the dynamic APAC region, especially in Singapore and Vietnam.

 

APAC logistics and aviation sectors are currently undergoing rapid transformation. With Singapore cementing its status as a world-leading aviation and logistics hub, and Vietnam emerging as one of the fastest-growing supply chain markets in the region, the demand for highly optimized, AI-driven operations is at an all-time high.

 

 

“AI application has moved beyond the hype to drive real measurable gains in efficiency, cost savings, and service quality. FPT is committed to being a trusted partner in delivering AI transformation at scale for logistics and aviation sectors, ensuring that Singapore and Vietnam remain at the forefront of global supply chain excellence”, said David Nguyen, FPT Software Senior Vice President and FPT Asia Pacific Chief Executive Officer, FPT Corporation.

 

 

“The signing of this MOU reflects both parties’ intention to explore potential collaboration opportunities and establish a framework for future discussions. While the partnership remains at an exploratory stage, we are encouraged by the potential alignment in our strategic priorities and look forward to continued engagement,” said Bob Chi, CEO of APAC Gateway Services, SATS Ltd.

 

 

With APAC among its strategic markets, FPT has accelerated digital transformation for over 500 leading enterprises across critical sectors such as aviation, logistics, healthcare, and BFSI. Harnessing deep expertise in AI, cloud, data, automation, legacy modernization, and managed services, FPT has enabled organizations to maximize operational excellence and business impact. This mission is driven by an AI-first approach, leveraging the comprehensive FleziPT platform, a global workforce of over 30,000 AI-augmented engineers, world-class AI Factories in Vietnam and Japan, and partnerships with global AI leaders. FPT remains committed to making AI a core competitive advantage for both the corporation and its clients.

 

 

About FPT

 

 

FPT Corporation (FPT) is a globally leading Vietnam-headquartered technology and IT services provider, with operations spanning more than 30 countries and territories. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. With a strong focus on mastering strategic technologies, FPT continues to drive innovation across industries. 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. 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.

 

 

 

 

 

Sienna Made in Bengal and Comorin Present Culinary Pop-Up in Gurugram

Delhi/NCR, June 2 : Comorin Gurugram, the acclaimed restaurant by EHV International, is set to host an exclusive two-day culinary residency with Kolkata’s celebrated restaurant and cultural institution, Sienna Calcutta on 10th and 11th June 2026. Bringing the flavours and culinary heritage of both ‘epar’ and ‘opar’ Bengal to Gurugram, the pop-up features a thoughtfully curated menu that combines Comorin’s ingredient-led, regional approach with Sienna’s distinctive exploration of Bengal’s food traditions. Together, the two restaurants offer a celebration of the region’s diverse culinary culture and enduring food stories.

Food Pop Up: Sienna Made in Bengal X Comorin, Gurugram

The pop-up menu at Comorin Gurugram will be led by Co-Head Chefs Avinandan Kundu, whose culinary journeys combine classical training with a shared desire to represent Bengal through a more layered and contemporary lens. The menu will feature small plates such as Mocha Salad, Cholar Daal Hummus, Cheese Puff, Stuffed Chicken Wings with Laljhol Glaze and Golda Chingri, followed by larger plates including Mushroom Bhorta with Ladi Pav, Echor Rezala Pulao, Ros Omelette, Bhetki à la Kiev and Maach’r Deem XO Rice. Desserts will include Makha Sondesh and Mishti Doi, bringing the experience to a close with flavours deeply associated with Bengali kitchens and sweet-making traditions.

Named after the red soil of Santiniketan, Sienna is rooted in Bengal’s craft and culinary traditions, with a food philosophy shaped by local ingredients, regional techniques and the culture of the Bengali bajaar. Through its restaurant in Kolkata, Sienna has become known for presenting a broader and more layered perspective on Bengali cuisine, moving beyond familiar stereotypes while remaining deeply connected to the region’s food memories and everyday flavours. Deeply rooted in regional traditions yet viewed through a contemporary lens, Sienna’s cuisine reflects a nuanced interplay of seasonal produce, age-old techniques, and the evolving identity of Bengali food culture.

Blackstone Raises its Largest Asia Private Equity Fund at $13.1 Billion

Business Wire India

 

Blackstone (NYSE: BX) today announced the final close of Blackstone Capital Partners Asia III (“BCP Asia III”) at $13.1 billion, exceeding its $10 billion target and marking the firm’s largest private equity fundraise in the region. The oversubscribed fund reached its hard cap and builds on the strong performance of the strategy’s first two vintages, with this close representing more than double the amount of capital raised for its predecessor vehicle.

 

Joe Baratta, Global Head of Blackstone Private Equity Strategies,said: “We are grateful for the continued trust of our investors in Blackstone and our leading Asia Private Equity franchise. This successful fundraise reflects the strength of our platform and our ability to perform through cycles. Asia Pacific is the fastest-growing region in the world, presenting compelling opportunities to invest at scale behind our high-conviction themes and deliver for our investors.”

 

 

Amit Dixit, Head of Asia for Blackstone Private Equity, said: “For two decades, we have focused on building businesses into market leaders and driving performance for our investors. We believe our differentiation lies in our scale, supported by homegrown teams across the region’s major markets; strong performance; and our control-oriented strategy that enables us to have a hands-on, proactive approach to supporting business transformations. We thank our investors for their support and partnership.”

 

 

Blackstone has been one of the most active global investors in the region over the last 24 months, reinforcing its leadership in India and Japan. The firm invested over $7 billion of capital across 12 transactions, which include:

 

 

  • Neysa, a fast-growing Indian AI cloud platform
  • TechnoPro, Japan’s leading specialized engineering services provider
  • JUNO, South Korea’s top hair salon franchise

 

 

In addition, the firm has had 15 exits with realizations over the same period, including:

 

  • Listing of International Gemological Institute, the largest lab grown diamonds certification player
  • Listing of Aadhar Housing Finance, India’s largest affordable housing finance business
  • Exit from Alinamin Pharmaceutical after helping build the business into one of Japan’s leading consumer healthcare businesses

 

 

About Blackstone
Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s over $1.3 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

 

 

 

 

The Open Group Launches the Open Footprint® Standard, Edition 1.0 to Streamline Scope 1, 2, and 3 Emissions Management

Business Wire India

The Open Group, the vendor-neutral technology and standards organization, today announced the release of the Open Footprint® Standard, Edition 1.0, that will help organizations streamline scope 1, 2, and 3 emissions reporting.

 

The new standard is the first open emissions data model to address all three scopes, providing a comprehensive framework that enables organizations to collect and standardize data from their value chain and report across multiple jurisdictions.

 

 

“There is an urgent need to streamline emissions data management and reduce the manual effort required to capture data within supply chains, perform data conversion, and report out to various regulators,” said Steve Nunn, President and CEO of The Open Group. “The Open Footprint Standard removes friction and lowers cost, helping organizations identify emissions reduction opportunities.”

 

 

Key features of the model include:

 

 

  • Standardized emissions data definitions and relationships
  • Simplified emissions data sharing and interoperability across supply chains, easing the fragmented spreadsheet process many organizations have been dealing with
  • Reporting against multiple GHG emissions regulations, including CSRD, CA SB 253 and ISSB
  • Alignment with WBCSD PACT V3 Product Carbon Footprints, as well as GHG Protocol and ISO Standards

 

 

“Large enterprises today are focused on deriving value from their carbon data and applying AI using modern and integrated data architectures,” said Sammy Lakshmanan, Co-chair, Open Footprint Forum. “The Open Footprint Standard is a foundational element in building an AI-ready carbon management data structure that enables organizations to spend more time on driving business outcomes and less on handling data.”

 

“Accountability in emissions reporting starts with data integrity,” said AJ Van de Voort, Co-chair, Open Footprint Forum. “By standardizing how we capture and manage emissions data throughout its entire lifecycle, we are enabling the level of traceability and verification that modern regulatory landscapes—and stakeholders—now demand.”

 

 

The Open Footprint Standard is split across two parts, with part 1 providing data model general requirements, and part 2 delivering the data element dictionary. The Open Footprint Forum is also making available a set of JSON (JavaScript Object Notation) schema files which can help organizations create database instances using the Open Footprint Data Model structure more easily.

 

 

Click here to learn more and download the Open Footprint Standard, Edition 1.0.

 

 

About The Open Group:

 

 

The Open Group is a global consortium that enables the achievement of business objectives through technology standards and open-source initiatives by fostering a culture of collaboration, inclusivity, and mutual respect among our diverse group of 900+ Memberships. Our Membership includes customers, systems and solutions suppliers, tool vendors, integrators, academics, and consultants across multiple industries. More information on The Open Group can be found at www.opengroup.org

 

 

 

 

 

Wolters Kluwer Helps Banyan Group Accelerate Financial Close and Strengthen Global Reporting with CCH® Tagetik

Business Wire India

 

Wolters Kluwer, a global leader in professional information, software solutions and services, today announced the successful implementation and go‑live of CCH® Tagetik Financial Close and Consolidation at Banyan Group. Banyan Group is one of the world’s leading independent, multi‑branded hospitality groups operating a diversified portfolio of hotels, resorts, spas, galleries, golf, and branded residences through 12 global brands across 23 countries.

 

The implementation marks a key milestone in Banyan Group’s finance transformation journey, modernizing its consolidation environment and establishing a scalable, cloud‑based foundation for statutory reporting across a highly complex global organization. By replacing a legacy consolidation system with CCH Tagetik, Banyan Group has significantly accelerated its group close while strengthening governance, auditability and data accuracy across the enterprise.

 

 

Meeting the challenges of multi‑GAAP, multi‑entity consolidation in a global hospitality group

 

 

With operations spanning more than 80 legal entities across 23 countries, Banyan Group operates a complex legal and financial structure. Listed on the Singapore Exchange, with a subgroup listed in Thailand, the Group is required to meet multiple regulatory and accounting standards, including Singapore GAAP and Thai GAAP, alongside multi‑currency and multi‑segment reporting.

 

 

As the organization expanded, its legacy consolidation platform became increasingly difficult to maintain. Manual processes, limited flexibility and heavy dependence on IT support constrained the finance team’s ability to respond efficiently to growing reporting demands.

 

 

To address these challenges, Banyan Group partnered with Wolters Kluwer to implement CCH Tagetik, to deliver a modern, cloud‑based consolidation platform designed to support complex group structures and future transformation initiatives.

 

 

“Banyan Group operates one of the most complex consolidation environments in the hospitality sector, with multi-GAAP requirements, multiple listings and a highly distributed global footprint,” said Kumiko Minowa, APJ Managing Director, CCH Tagetik at Wolters Kluwer. “CCH Tagetik enables finance teams to simplify that complexity, accelerate close cycles and build a trusted data foundation for long-term transformation.”

 

 

By implementing CCH Tagetik, Banyan Group has realized clear operational and governance benefits, most notably a financial close that is approximately five working days faster, with the potential to reach up to eight days as further optimizations are introduced.

 

 

Additional benefits include:

 

 

  • Faster, more accurate consolidated reporting across 80+ entities
  • Stronger data governance and internal controls
  • Fewer audit issues due to improved structure and traceability
  • Seamless support for multi‑GAAP and multi‑currency requirements

 

 

“Our previous consolidation system had become legacy, outdated and difficult to maintain,” said Kelvin Tan, Head of Corporate Finance at Banyan Group. “We wanted to move to a cloud‑based, future‑proof solution that users could manage more independently, without heavy IT support. Since going live with CCH Tagetik, we’ve accelerated our close by about five working days.”

 

Beyond close and consolidation, the CCH Tagetik platform provides Banyan Group with a scalable foundation to support future initiatives, including budgeting and planning, intelligent disclosure, and ESG reporting. Wolters Kluwer’s continued investment in innovation ensures the platform will evolve alongside Banyan Group’s regulatory, operational and sustainability requirements.

 

 

To learn more, read the full case study about Banyan Group’s successful implementation of the CCH Tagetik Intelligent Platform.

 

 

About Wolters Kluwer

 

 

Wolters Kluwer (EURONEXT: WKL) is a global leader in information solutions, software and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

 

 

Wolters Kluwer reported 2025 annual revenues of €6.1 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,100 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

 

 

Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX, Euro Stoxx 50, and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

 

 

For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Facebook, YouTube and Instagram.

 

 

 

 

 

CBSE Opens Class 12 Answer Sheet Verification and Re-Evaluation Portal After Technical Delay

New Delhi, June 2 (BNP): The Central Board of Secondary Education (CBSE) has officially launched the online portal for Class 12 students to apply for answer sheet verification and re-evaluation, following delays linked to technical upgrades and system improvements.

CBSE Opens Class 12 Answer Sheet Verification and Re-Evaluation Portal After Technical Delay

The portal became operational on June 2, 2026, allowing eligible students who have already accessed scanned copies of their evaluated answer sheets to report discrepancies, seek clarification on marking issues, or request re-evaluation of specific answers. The application process will remain open until midnight on June 6, 2026.

The move comes after concerns were raised over the rollout of CBSE’s new On-Screen Marking system, which reportedly faced technical glitches and delayed the reopening of post-result activities. CBSE is understood to have worked with technical experts to strengthen the system and address operational issues before reopening the portal.

According to board guidelines, students can apply for verification of answer book-related concerns, including issues such as blurred or incomplete scanned pages, by paying a fee of ₹100 per answer book. Re-evaluation of individual questions can be requested at ₹25 per question.

To access the facility, students must log in through the CBSE portal using their Roll Number, School Number, and Admit Card ID. Aadhaar-based verification has been made mandatory for authentication. In cases where a student does not possess an Aadhaar number, details of a parent or guardian may be used, subject to identity matching requirements.

CBSE has clarified that only students who have already downloaded and reviewed their scanned answer sheets are eligible to apply. No offline applications or requests submitted after the deadline will be entertained.

Education experts have advised students to carefully review answer sheets and act within the limited application window to avoid missing the opportunity for corrections or reassessment.

SCG and FPT Forge Strategic MOU to Drive Intelligent Enterprise and Smart Operations, Propelling Corporate and Industrial Capabilities via AI and Digital

Business Wire India

Global IT corporation FPT and ASEAN’s leading business conglomerate SCG have signed a Memorandum of Understanding (MOU) to jointly explore next-generation AI and digital transformation initiatives across SCG’s business ecosystems. The collaboration aims to accelerate the adoption of AI-driven operations, intelligent enterprise platforms, and advanced ERP transformation to enhance operational excellence, sustainability, and long-term business agility.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260529083547/en/

 

 

Thai-Vietnamese business executives exchange strategic bilateral agreements in Bangkok during Vietnam’s General Secretary and State President To Lam’s official visit

Thai-Vietnamese business executives exchange strategic bilateral agreements in Bangkok during Vietnam’s General Secretary and State President To Lam’s official visit

 

“In Thailand, we are focused on building long-term partnerships by working closely with local enterprises and investing in talent and ecosystems together. What we see today is a clear shift from digital transformation to practical, AI-driven impact—where businesses are moving from pilots to real productivity gains in banking, retail, and manufacturing. Through this partnership, FPT will support SCG to translate AI ambition into tangible business outcomes, driving smarter operations, accelerating innovation, and building a more resilient and sustainable industrial ecosystem across the region, said Levi Nguyen, Chief Executive Officer of FPT Thailand and FPT Taiwan, FPT Corporation.

 

“At SCG, we are aggressively transitioning from a data-driven organization into a AI-driven enterprise. Our ultimate goal is to embed artificial intelligence, robotics & automation into our core operations, maximizing efficiency and unlocking high-value business impact across our entire portfolio” said Thammasak Sethaudom, President and CEO of SCG. We have begun execution toward the development of Agentic AI or AI agents to reimagine business workflows to accelerate speed, intelligence, and impact. Through this partnership with FPT, we will combine our deep industry expertise with their world-class digital capabilities to accelerate scalable & practical AI solutions aiming for competitiveness. Not only strengthen SCG’s agility but also pave the way for a more robust technological ecosystem across the region.”

 

 

According to FPT Corporation CEO Nguyen Van Khoa, leading regional enterprises are partnering with FPT on AI transformation initiatives, underscoring growing momentum to embed AI across production, operations, and business functions. For FPT, the challenge does not lie in accessing technology, but in embedding AI into the right processes, with the right people, and under the right governance model to generate real value. To address this, the company has developed CASAN—a five-level AI capability framework that provides enterprises with a clear roadmap for AI transformation, from exploration to becoming a core organizational capability. FPT is committed not only to expanding the application of AI across key economic sectors but also to contributing to the development of large-scale AI transformation models that deliver measurable, scalable impact.

 

 

This partnership aims to explore the integration of AI, cloud, IoT, data governance, and enterprise systems to support scalable and adaptive operations across SCG’s business units. Under the agreement, both companies will explore opportunities across a broad range of strategic areas, including AI-Driven Industrial Transformation, Digital Platform & Integrated Ecosystem, Enterprise Digital Transformation & Process Excellence, Digital Infrastructure, and Security & Governance.

 

 

Thailand is among FPT’s key markets in APAC. The company serves leading enterprises across banking and finance, insurance, retail, automotive, manufacturing, healthcare, energy and utilities, consumer goods, and aviation, with clients and partners including Unilever, Central Group, AIA, LMG, Prudential, KBTG, SCB, KKP, TTB, FWD, Honda, Panasonic, Mitsubishi, Hitachi, Microsoft and Sunline. FPT is also the co-founder of the Vietnam–Thailand Chamber of Commerce (VietCham Thailand), further reinforcing its position as a trusted digital transformation partner for Thailand’s leading enterprises, while highlighting the strengthening technological and business collaboration between Vietnam and Thailand amid the region’s accelerating digital economy.

 

 

About FPT

 

 

FPT Corporation (FPT) is a globally leading Vietnam-headquartered technology and IT services provider, with operations spanning more than 30 countries and territories. Over more than three decades, FPT has consistently delivered impactful solutions to millions of individuals and tens of thousands of organizations worldwide. With a strong focus on mastering strategic technologies, FPT continues to drive innovation across industries. 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. 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.

 

 

About SCG

 

 

SCG is one of the leading conglomerates in the ASEAN region, SCG operates diversified businesses encompassing Cement and Green Solutions, Chemicals, and Packaging. Established in 1913 as Thailand’s first cement manufacturer, the company has evolved into a regional leader committed to driving innovation and fostering sustainable development. Guided by its business goal of “Inclusive Green Growth,” SCG integrates economic, environmental, and social factors into its corporate strategy to deliver high-value-added products, services, and solutions to customers across ASEAN and global markets.

 

 

For more information about SCG, please visit https://www.scg.com/en

 

 

 

 

 

The Coca-Cola Company Exploring Potential Public Listing in India for Hindustan Coca-Cola Holdings Pvt. Ltd., Parent Company of its Largest Bottler in India

Business Wire India

The Coca-Cola Company announced today it is exploring a potential public listing in India of Hindustan Coca-Cola Holdings Pvt. Ltd. (HCCH), the parent company of the largest Coca-Cola bottler in India, Hindustan Coca-Cola Beverages Pvt. Ltd. (HCCB), in 2027, and the sale of a portion of its shareholding in HCCH in connection with the listing.

 

Initial preparations are underway for a potential listing on the Bombay Stock Exchange and National Stock Exchange of India, subject to market conditions and applicable regulatory and other approvals.

 

 

In July 2025, The Coca-Cola Company completed a transaction in which Jubilant Bhartia Group, an Indian family-owned conglomerate with presence in diverse sectors and strong relationships with other multinational companies, acquired a 40% stake in HCCH. The potential listing will be a significant milestone, completing the refranchising of HCCH and positioning it well to capitalize on the opportunities in the Indian market.

 

 

“This announcement is another important step for HCCB,” said Sanket Ray, president, India and Southwest Asia and Emerging Large Markets Lead for The Coca-Cola Company. “Under the leadership of our trusted partners in Jubilant Bhartia Group, following the listing the bottler will be well placed to continue to pursue growth. The Coca-Cola Company will stay invested in this important bottler and focus on growing our portfolio of global and local brands in India.”

 

 

Chairman and Co-Chairman of Jubilant Bhartia Group, Shyam and Hari Bhartia, added: “We are excited to take this next important step in the bottler’s journey and reap the benefits of the public listing to create value for all shareholders. Equally, we are looking forward to continuing to work with The Coca-Cola Company, as an important shareholder in the company.”

 

 

HCCH, and its operating subsidiary HCCB, were established in 1997 and, as of March 31, operated a network of more than 2,000 distributors and reached over 1.7 million customers, thanks to its approximately 5,000 employees. HCCB operates 14 bottling plants across 10 states in India and works with eight co-packers.

 

 

HCCB prepares, packages, distributes and sells both sparkling and still beverages, including Coca-Cola, Thums Up, Sprite, Fanta, Limca, Maaza, Minute Maid and others, and is the market leader in non-alcoholic ready-to-drink beverages in the territory in which it operates.

 

 

The Coca-Cola Company has retained Rothschild & Co to advise on the listing.

 

 

Further details about the potential listing will be announced at a later date.

 

 

About The Coca-Cola Company

 

 

The Coca-Cola Company (NYSE: KO) is a total beverage company with products sold in more than 200 countries and territories. Our company’s purpose is to refresh the world and make a difference. We sell multiple billion-dollar brands across several beverage categories worldwide. Our portfolio of sparkling soft drink brands includes Coca-Cola, Sprite and Fanta. Our water, sports, coffee and tea brands include Dasani, smartwater, vitaminwater, Topo Chico, BODYARMOR, Powerade, Costa, Georgia, Fuze Tea, Gold Peak and Ayataka. Our juice, value-added dairy and plant-based beverage brands include Minute Maid, Simply, innocent, Del Valle, fairlife and Santa Clara. We’re constantly transforming our portfolio, from reducing sugar in our drinks to bringing innovative new products to market. We seek to positively impact people’s lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. Learn more at www.coca-colacompany.com and follow us on Instagram, Facebook and LinkedIn.

 

 

About Jubilant Bhartia Group

 

 

Jubilant Bhartia Group is a multi-billion dollar conglomerate with global presence in diverse sectors like Pharmaceuticals, Contract Research and Development Services, Proprietary Novel Drugs, Life Science Ingredients, Agri Products, Performance Polymers, Food Service (QSR), Food, Auto, Consulting in Aerospace and Oilfield Services.

 

 

With a 43,000 person global workforce, the Group has four listed companies on Indian Stock Exchanges – Jubilant Pharmova Limited, Jubilant Ingrevia Limited, Jubilant FoodWorks Limited and Jubilant Industries Limited. The Group is deeply committed to its Corporate Social Responsibility and Sustainability initiatives. Its CSR initiatives are focused towards Primary Education, Healthcare, Skill & Community Development and Social Entrepreneurship.

 

 

This announcement is not an offer to sell or a solicitation or an invitation of any offer to buy or subscribe to any securities of Hindustan Coca‑Cola Holdings Pvt. Ltd. in any jurisdiction, including the United States. The securities of Hindustan Coca‑Cola Holdings Pvt. Ltd. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered absent registration or an exemption from registration. There will be no public offering of the securities in the United States. This announcement is not intended to be a prospectus (as defined under the Indian Companies Act, 2013) or a draft offer document/an offer document under any regulation or any other applicable law in India.

 

 

This announcement may contain statements, estimates or projections that constitute “forward-looking statements” as defined under U.S. federal securities laws. Generally, the words “aim”, “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “propose”, “plan”, “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause The Coca-Cola Company’s actual results to differ materially from its historical experience and our present expectations or projections. These risks include, but are not limited to, our ability to realize the anticipated benefits from the potential listing of Hindustan Coca‑Cola Holdings Pvt. Ltd., including whether such potential listing will be completed within the anticipated timeline, if at all, and other risks discussed in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2025 and our subsequently filed reports, which filings are available from the SEC. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. We disclaim any obligation and undertake no obligation to publicly update or revise any forward-looking statements.