Leap Ahead proudly announces a series of strategic partnerships with leading national and international organizations to accelerate innovation, global market access, business expansion, and cross-border collaboration for startups, MSMEs, and emerging enterprises.

Leap Ahead Makes a Powerful Start with Strategic MOUs

As Leap Ahead continues building a strong ecosystem focused on entrepreneurship, global connectivity, and business growth, these partnerships mark a major milestone in creating opportunities for Indian startups and enterprises to scale internationally.
 

Leap Ahead is focusing on building stronger business, innovation, and entrepreneurial connections across BRICS and SCO member nations by enabling cross-border collaborations, international market access, startup exchange opportunities, investor networks, and global business partnerships.

Strategic Partners Joining the Leap Ahead Ecosystem
BRICS Chamber of Commerce & Industry: A leading platform promoting trade, investment, and economic cooperation among BRICS nations, BRICS Chamber of Commerce & Industry will support international business networking, policy dialogue, and global market access opportunities for the Leap Ahead ecosystem.

Electronics and Computer Software Export Promotion Council (ESC): ESC, one of India’s premier export promotion organizations under the Ministry of Commerce & Industry, Government of India, will collaborate with Leap Ahead to strengthen technology exports, international business linkages, and global outreach for startups and MSMEs.

SCO Business Incubator: SCO Business Incubator joins the Leap Ahead ecosystem to promote international startup collaboration, innovation exchange, incubation support, and entrepreneurial partnerships across member nations of the Shanghai Cooperation Organization. The collaboration aims to create opportunities for startups and enterprises to engage with emerging international innovation ecosystems and cross-border business initiatives.

Global Management Associates LLC: GMA, Dubai based firm joins as a strategic consulting and international business support partner to assist startups and enterprises in business transformation, global strategy development, market expansion, and international operational readiness. The partnership will further strengthen Leap Ahead’s mission of enabling businesses to scale confidently across global markets.

SHC Partners: SHC Partners, a reputed Investment Banking and advisory firm based in Mumbai, joins as a strategic financial and growth advisory partner to support fundraising, investor connections, strategic expansion, and business scaling opportunities for enterprises associated with Leap Ahead.

Glexscale: Glexscale, France-based global business expansion specialists, will enable international collaborations and market-entry opportunities across Europe and other global markets, empowering Indian businesses to build stronger international footprints.

Building a Global Growth Platform
Leap Ahead is actively working to bridge the gap between innovation, capital, mentorship, policy ecosystems, and global business opportunities by creating a collaborative platform for entrepreneurs and enterprises.

With these partnerships, Leap Ahead aims to enable international market access for startups and MSMEs, facilitate investor and strategic growth opportunities, strengthen cross-border collaborations, support innovation-led enterprises and build global business networks and ecosystem partnerships.

The organization continues to engage with industry leaders, international institutions, investors, government bodies, and innovation ecosystems to create long-term impact for India’s entrepreneurial landscape.

“Indian startups and MSMEs have strong ambition and capability, but global growth needs the right access, trusted networks, and structured support. Through these strategic MOUs, Leap Ahead is creating meaningful pathways for businesses to connect with international markets, investors, mentors, and partners,” – Divya Multani Jain, Founder, Leap Ahead.

“Leap Ahead’s global network is not just an expansion milestone; it is a gateway for startups and MSMEs to access international markets with more confidence, credibility, and structure. At Marwari Catalysts, we see this as an important step toward building global pathways for businesses”- Sushil Sharma, Chairman, Marwari Catalysts Group.

“Technology and exports will play a key role in taking Indian enterprises global. ESC, together with Leap Ahead, can help startups and MSMEs access international markets, build global linkages, and strengthen their export-readiness through the right ecosystem support,” – Shree Gurmeet Singh, CEO and Executive Director, ESC.
 
About Leap Ahead
Leap Ahead is a growth and innovation-focused platform working towards enabling startups, MSMEs, founders, and businesses through strategic collaborations, ecosystem partnerships, global exposure, and business acceleration opportunities.

The platform focuses on building strong national and international networks that help enterprises scale sustainably and access new growth avenues globally.

To know more or explore partnership opportunities, visit www.leapaheadindia.com

Ever wondered why FM radio stations in India don’t broadcast news? Or why your smartphone does not have an FM tuner app like in other countries? The answer is simple: government restrictions. The FM radio industry says these and other regulations are stifling their business, and the whole FM radio culture will wither on the vine if the government does not help soon.
 

The warning signs are already visible. Last month, HT Media announced it would surrender multiple FM radio licences in key markets, leading to five of its stations going off air on June 15.
 

Radio has adapted to every disruption, It’s time our policies adapted too
 

The industry has urged the government to urgently carry out key reforms before more media companies close their FM shops, which are already facing challenges from digital audio platforms such as podcasts and streaming.

“The global shift towards on-demand audio is undeniable and well documented,” Nisha Narayanan, Director and COO of Red FM, told PTI. But the real question, she added, is whether the FM industry is being given a fair regulatory environment to “compete, innovate and monetise effectively” while making the transition.

For now, the industry’s four key demands are: allow private FM stations to broadcast news and current affairs, a privilege now given only to All India Radio; reduce GST on radio services from 18 per cent to 5 per cent; allow smartphone manufacturers to unlock FM receivers in devices; and implement a model under which radio companies would pay the government a fixed percentage of their actual earnings as licence fee, instead of paying charges linked to old auction prices.

For millions of Indians, FM radio has been a daily companion. During office commutes, in homes, in cars and in small towns where it remains one of the easiest ways to access entertainment and information.

Unlike internet-based audio platforms, radio works without a data connection and can reach listeners even during power cuts or network disruptions.

The government’s view, however, is that FM radio’s challenges cannot be looked at only through the lens of regulation. Union Minister of Information and Broadcasting Ashwini Vaishnaw told PTI that the sector is facing a broader technological transformation, similar to shifts seen in other industries. “It’s a major technological change which is happening and we are all aware of how … whether it is news industry whether it is entertainment … the entire shift towards digital has happened consistently over the last few years and this is a very big challenge for the FM industry,” he said.

According to Vaishnaw, such technological transitions inevitably reshape industries, drawing parallels with the decline of landlines after the spread of mobile phones and the shift from conventional vehicles to electric vehicles.

“Every such technological change brings changes in the industry structure,” he said.

On the industry’s demand to allow private FM stations to broadcast news, the minister said the government was examining the issue. “This is a demand from FM stations, FM service providers which have come to us. We are deliberating on it. It has multiple consequences because we have had a history which needs to be seen today and whatever we decide today has to be seen in the perspective that this industry has developed. Very soon we will be taking some decisions on it,” he said.

The industry argues that the problem goes beyond the rise of new-age platforms.

According to the Association of Radio Operators for India (AROI), radio is now the only segment of India’s media and entertainment industry that is shrinking.

While India’s overall media and entertainment sector grew 9 per cent to Rs 2.78 lakh crore in 2025, radio revenues declined 7 per cent to around Rs 2,300 crore, AROI estimates. The industry’s share of advertising spending has also fallen sharply over the past decade.

Industry estimates say radio’s share of the advertising market has declined from more than 3.4 per cent in 2015 to about 1.1 per cent in 2025. Private FM industry revenues in 2025 stood at around Rs 1,819 crore, still below 2020 levels despite a significant increase in the number of operational stations.

Radio’s difficulties cannot be viewed in isolation from the economic disruption caused by the pandemic and the uneven recovery that followed, Narayanan said.

“What the industry did not fully anticipate was the compound effect of several severe headwinds converging at once,” she added. Industry revenues, she said, fell nearly 50 per cent from pre-Covid levels and have yet to fully recover. At Red FM, government advertising volumes have declined by more than 30 per cent and revenues from that segment have fallen 27 per cent compared with pre-pandemic levels.

Radio City CEO Abe Thomas said both industry decisions and policy shortcomings contributed to the current situation. “The industry expanded aggressively, betting on a local advertising boom that grew slower than expected and the slow post-Covid recovery is when it really began to hurt,” he said.

“Simultaneously, policy bottlenecks — news restrictions, fragmented implementation, delayed reforms — constrained monetisation far more than comparable markets globally. Neither factor alone explains the current situation. It’s the combination that has been damaging,” he noted.

One of the industry’s biggest frustrations remains the prohibition on independent news broadcasts by private FM stations.

“The news ban has been one of FM’s most costly missed opportunities. News drives habitual listening, deepens community engagement and unlocks new revenue categories,” Thomas said.

Industry representatives point out that countries such as the United States, United Kingdom, Australia and the Philippines have successfully integrated news, talk programming, sports and local content into radio formats, helping maintain relevance even in the streaming era.

What could distinguish FM radio from music streaming services, they argue, is hyperlocal news, civic information, community discussions and city-specific content. However, the draft Telecommunications (Television, Radio and Associated Services) Rules, 2026 – made public for feedback on June 12 – continues the existing restriction on broadcasting news.

Broadcasters say that the current licensing structure is also among the biggest challenges facing the sector. “The FM radio industry has been plagued with skewed regulations,” an industry representative said, noting that license extension fees linked to historical auction prices impose a disproportionate burden on operators.

Broadcasters are seeking automatic licence extensions for existing operators rather than fresh auctions.

“The current batch of FM licences comes up for renewal in 2030 and that is not far away. With no clarity whatsoever on the renewal framework, pricing or TRAI recommendations, it’s extremely tough for operators to make long-term investments in people, technology or content without knowing the way forward,” Narayanan said.

Another longstanding demand concerns the activation of FM radio receivers on smartphones. Broadcasters say FM chips continue to exist in many devices but are often disabled, forcing listeners to consume radio through internet-based streaming instead of free over-the-air broadcasts.

“Activating them requires a software unlock, not a new component. This is not market intervention, it is a simple policy nudge,” Narayanan said.

Radio, in her view, remains a critical public service medium, particularly in a country where internet access remains uneven. “There are over 40 crore daily listeners across AIR, private FM and community radio in India. Radio provides last-mile access that no streaming platform can match. It works without internet, without subscriptions and on battery-powered devices during power cuts and emergencies,” she said.

Thomas agreed that FM radio continues to provide unique public value, particularly during crises. “FM remains the most resilient medium during disasters and network outages — in a country as large and diverse as India, that carries genuine public-interest value,” he said.

The debate over the future of radio has increasingly centred on competition from streaming services, podcasts and other digital audio platforms such as Spotify. “The shift to on-demand audio is real and irreversible. But FM still offers hyperlocal relevance, immediacy, mass reach and trust, especially during commutes, emergencies and regional moments,” Thomas said.

Radio operators also complain of a broader cost disadvantage compared with digital platforms. According to industry estimates, nearly 40 per cent of gross revenue is consumed by GST, licence fees, and spectrum-related charges.

Broadcasters say the sector paid nearly Rs 999 crore to the government in FY26, while the 18 per cent GST rate places radio at a disadvantage compared with other media segments taxed at 5 per cent.

Even so, industry leaders remain divided between concern and optimism about the future.

“The term ‘radio company’ itself is becoming obsolete. Consumers don’t distinguish between FM, podcasts, streaming or social audio; they simply consume content,” Thomas said.

He said future growth will come from building integrated ecosystems spanning broadcast, digital content, branded entertainment, live experiences and regional storytelling.

Without reforms, however, executives warn that the industry could shrink significantly before that transformation is complete.

“If nothing changes in the next two to three years… smaller operators will exit markets, deeply local stations will simply go dark and what survives will be leaner, more urban-focused and far less representative of the diversity of voices FM radio was meant to carry,” Narayanan said.

In a significant step towards strengthening India’s transition to a sustainable and low-carbon economy, Climekare Sustainability Private Limited (CSPL) has entered into a strategic Memorandum of Understanding (MoU) with the European Business and Technology Centre (EBTC) on 5 June 2026. The collaboration marks an important milestone in advancing climate action, clean technology adoption, and sustainable business transformation across industries.

Climekare Sustainability Private Limited Signs Strategic MoU with European Business and Technology Centre to Accelerate India’s Low-Carbon Transition

Climekare Sustainability is a climate and sustainability solutions company that partners with businesses, industries, and institutions to guide them through their sustainability transformation journey. By combining advisory expertise, digital solutions, and implementation support, the company enables organizations to measure, manage, and reduce their environmental impact while building resilient and future-ready operations.

Over the years, Climekare Sustainability has built a strong portfolio of clients across the climate, energy, sustainability, and environmental commodities ecosystem. The company has partnered with several leading organizations, including Tata Power Trading Company Limited, EKI Energy Services Limited, Transport Corporation of India Limited, Clean Max Enviro Energy Solutions Limited, ReConnect Energy Solutions Limited, Customized Energy Solutions India Private Limited, Climera Carbon Private Limited, Saxon Renewables Pte. Ltd., AFS Energy BV, Stellapps Technologies Private Limited, ESDC Software Solutions Pvt. Ltd., and several other organizations, supporting them in their sustainability, carbon management, ESG, renewable energy, and decarbonization initiatives.

The partnership with EBTC comes at a time when sustainability has evolved from a compliance requirement into a strategic business priority. Across the globe, governments, investors, and supply chains are increasingly demanding greater transparency in climate risk management, greenhouse gas emissions, ESG performance, and decarbonization commitments. Regulatory developments such as the European Union’s Carbon Border Adjustment Mechanism (CBAM), the Corporate Sustainability Reporting Directive (CSRD), and India’s growing emphasis on Business Responsibility and Sustainability Reporting (BRSR) are accelerating this transition and creating an urgent need for credible sustainability frameworks and implementation partners.

Against this backdrop, the collaboration between CSPL and EBTC aims to facilitate knowledge exchange, promote the adoption of clean technologies, and support organizations in developing practical and scalable decarbonization pathways aligned with global sustainability expectations. By leveraging EBTC’s strong Europe-India ecosystem and Climekare’s expertise in climate advisory and sustainability implementation, the partnership will enable industries to access innovative solutions that deliver measurable environmental and business outcomes.

The collaboration is expected to benefit a wide range of sectors, including manufacturing, infrastructure, energy, real estate, logistics, and export-oriented industries, all of which are increasingly required to align with evolving global sustainability standards and investor expectations. Through this partnership, organizations will be better equipped to navigate regulatory complexities, improve operational efficiency, strengthen ESG performance, and enhance their competitiveness in international markets.

Speaking on the partnership, Saurabh Sainger, Founder of Climekare Sustainability Private Limited, said, “Our collaboration with the European Business and Technology Centre marks a significant milestone in our mission to help businesses accelerate their sustainability transition. Sustainability is no longer just about compliance—it has become a strategic imperative for long-term competitiveness, resilience, and global market access. Through this partnership, we aim to bridge sustainability ambition with practical implementation by bringing together European expertise, clean technologies, and actionable climate solutions that create measurable environmental and business value for Indian industries. We believe this collaboration will empower organizations to confidently navigate the evolving global sustainability landscape while contributing meaningfully to India’s Net Zero aspirations.”

Poul V. Jensen, Managing Director, European Business and Technology Centre (EBTC), said, “India’s sustainability journey is one of the most dynamic transformations of our time. With its vast industrial base, growing economy, and ambitious climate commitments, the country presents tremendous opportunities for innovation, technology collaboration, and responsible growth. At EBTC, we see this as a pivotal moment to strengthen bridges between Europe and India, ensuring that sustainable solutions are not only envisioned but also implemented at scale.

Our newly announced collaboration with Climekare Sustainability reflects this shared commitment. Climekare is an emerging player dedicated to advancing practical climate solutions, and EBTC brings decades of experience as a trusted facilitator of Europe-India partnerships in clean technologies, green innovation, and sustainable business practices.”

The partnership also reflects the growing momentum of Europe-India cooperation in addressing shared climate challenges and accelerating sustainable economic growth. By connecting businesses with innovative technologies, international best practices, and implementation support, CSPL and EBTC aim to contribute to India’s Net Zero ambitions while strengthening industrial competitiveness in a rapidly evolving global economy.

Commenting on the development, Sushil Sharma, Chairman of Marwari Catalysts Group, said, “We are delighted to see Climekare Sustainability taking this strategic step with EBTC. As businesses worldwide accelerate their sustainability commitments, collaborations such as these will play a critical role in enabling innovation, clean technology adoption, and scalable climate solutions. We are proud to support Climekare in its journey towards creating lasting environmental and economic impact.”

As organizations continue to navigate increasing climate risks, evolving regulations, and rising stakeholder expectations, the CSPL-EBTC partnership is poised to serve as a catalyst for sustainable business transformation, empowering industries to transition towards a more resilient, responsible, and low-carbon future.

About Climekare Sustainability Private Limited

Climekare Sustainability Private Limited is a climate and sustainability solutions company dedicated to helping organizations accelerate their sustainability transition. The company provides advisory, digital, and implementation support across carbon management, ESG and sustainability reporting, decarbonization strategy, environmental and energy commodities, climate resilience, renewable energy markets, and sustainable business transformation. Climekare works with leading organizations across India and international markets to develop practical, technology-driven sustainability solutions that deliver measurable environmental and business impact.

About European Business and Technology Centre (EBTC)

The European Business and Technology Centre is an India-EU collaboration platform that facilitates business partnerships, technology transfer, and sustainable innovation between Europe and India. EBTC works across sectors including sustainability, climate action, clean technologies, circular economy, and international business cooperation.

Arteor Advance exemplifies Legrand India’s vision for the future of premium living, where design, technology and sustainability converge to create more intuitive everyday experiences.

Arteor Advance by Legrand reflects the evolution of premium living through thoughtful design, intuitive innovation, and sustainability

At a time when premiumisation is reshaping consumer expectations across metros as well as Tier 2 and Tier 3 cities, Arteor Advance responds to the growing demand for solutions that seamlessly combine aesthetics, performance, and intelligent functionality. Designed for contemporary homes and workspaces, the range reflects a shift towards more intuitive, human-centric technology that enhances how people interact with their environments.

Arteor Advance is guided by a design philosophy that brings together visionary aesthetics, intuitive functionality, and a commitment to responsible innovation. Drawing from evolving lifestyle trends, the range balances minimalist forms with rich sensory detail, creating an experience that engages touch, sight, and sound. Capturing this essence, the campaign ‘Feel Something New’ expresses the elevated, tactile experience that defines Arteor Advance.

The range stands out for its refined design language, featuring elements such as a floating rocker, low-angle curvature, chamfered plates, and a soft locator glow that enhances usability in low-light conditions. Available in 2 distinctive design lines, Classic and Elite, Arteor Advance offers flexibility to suit diverse interior styles. With hybrid plates, both rocker formats can be seamlessly combined, enabling greater creative freedom while maintaining visual harmony.

Beyond aesthetics, Arteor Advance integrates advanced functionality with next-generation controls, smart-ready capabilities, and high-quality materials, delivering a solution that is as intuitive as it is elegant. It is designed for a new generation of consumers who value both form and function in equal measure.

In line with Legrand’s focus on responsible innovation, Arteor Advance features 90% bio-based packaging designed to reduce environmental impact and support more sustainable product lifecycles.

Sharing his perspective, Tony Berland, CEO & MD, Group Legrand India, said, “With Arteor Advance, we bring together design excellence, innovation, and intent. More than a functional element, it reflects a refined approach to how people experience their living and working spaces, where every detail is thoughtfully designed to deliver both performance and aesthetic value.”

Fabien Striblen, Principal Designer, Group Legrand, said, “Arteor Advance was conceived as a true architectural element rather than a conventional switch. Its signature floating rocker creates a sense of lightness and refinement while enhancing usability through a subtle light signature and intuitive touch. Designed with a modular architecture, premium finishes, and seamless integration of smart technologies, Arteor Advance adapts effortlessly to diverse interior styles and automation needs. The objective was simple: to create a solution that blends beautifully into its environment while delivering a sophisticated, contemporary, and future-ready user experience.”

Manish Kumat, Principal Architect, Manish Kumat Design Cell, said, ‘’Arteor Advance integrates effortlessly into contemporary spaces where design and functionality must work in harmony. What stands out is its ability to complement a smart home ecosystem while preserving the architectural intent of a project. Its refined aesthetics, intuitive interface, and thoughtful detailing elevate everyday interactions, creating an experience that is both seamless and sophisticated for the end user.”

Vidhi Duggad, Interior Designer, The Blue Wall Studio, said, “Arteor Advance exemplifies how thoughtful design can elevate everyday experiences. Its signature floating rocker, tactile precision, and refined finishes reflect the attention to detail that defines well-designed spaces. What I particularly value is its ability to maintain clean, minimalist aesthetics while seamlessly integrating with modern smart home ecosystems. It strikes a perfect balance between form and function, complementing the overall design vision while delivering an intuitive and sophisticated experience for the end user.’’

To build salience among design-conscious consumers and homeowners, Legrand India also rolled out a targeted digital influencer campaign featuring 8 leading interior designers. Through visually rich content, the campaign positioned Arteor Advance as a premium lifestyle upgrade, highlighting its design-led appeal and intuitive functionality in real living spaces. The campaign generated strong engagement across digital platforms, helping position Arteor Advance as a design-led lifestyle choice rather than a conventional electrical product. It garnered over 5.4 million views and nearly 5 million impressions across Facebook, Instagram and YouTube.

Complementing its digital outreach, Legrand India undertook a large-scale on-ground retail activation across 6 key cities – Mumbai, Ahmedabad, Kolkata, Delhi, Bengaluru, and Hyderabad. Designed around the campaign’s central idea of tactile discovery, the ‘Mystery Box’ activation encouraged retailers and electricians to experience Arteor Advance through touch and interaction before revealing the product, reinforcing the range’s sensory design philosophy. The activation spanned over 110 counters and engaged more than 4,500 participants, generating strong interest and spot orders across key electrical markets.

Focused out-of-home branding across key electrical trade markets helped reinforce Arteor Advance’s brand visibility. This included one unit at Chandni Chowk signal, Bhagirath Palace Market in Delhi, and 35 double-sided units from Princess Street Flyover to Lohar Chawl in Mumbai.

With Arteor Advance, Legrand reinforces its leadership in design-led electrical solutions, setting new benchmarks for premium living spaces in India.

About Group Legrand India

Legrand is a global specialist in electrical and digital building infrastructures, dedicated to supporting technological, societal, and environmental change around the globe. Legrand’s core purpose is to improve lives by transforming the spaces where people live, work and meet, with electrical and digital infrastructures and connected solutions that are simple, innovative and sustainable.

For over two decades, Group Legrand India has maintained its leadership position in power protection business, utilizing its global expertise to tailor the offering to local market needs. The Group has strategic acquisitions which further solidified its commitment to delivering complete solutions, making it the preferred partner across diverse market segments. 

Group Legrand India has several brands under its umbrella who are leaders in their respective product domain, namely IndoAsian, Numeric, Valrack, Adlec and NetRack. With a diverse workforce of 5000+ employees across India, Group Legrand India has 7 state-of-the-art manufacturing facilities, 3 R&D centres and a wide distribution network with over 870 distribution partners and 19000+ retailers.

Legrand’s purpose guides its responsible commitments to a more sustainable world for all. Legrand’s CSR commitments actively contribute to the Sustainable Development Goals set out by the UN for a better and more sustainable future.

Legrand has laid out its CSR /Sustainability commitments in 4 main areas of actions to improve lives: 

• Promote diversity and inclusion 

• Reduce its carbon footprint 

• Develop a circular economy 

• Be a responsible business 

As a specialist in electrical and digital infrastructure, reducing the carbon footprint and developing a circular economy approach within its activities are Legrand’s priorities at all times. In addition, Legrand is committed to promoting diversity and inclusion, while being a responsible player in its day-to-day relationships with all the stakeholders, especially its employees, customers and suppliers. Legrand has set the goal of achieving carbon neutrality by 2050 throughout the Group’s value chain. 

Ai+ Smartphone has announced the next sale of its recently launched Nova 2 Neo and Nova 2 Pro after both smartphones witnessed a complete sell-out during their first sale on Flipkart on June 26. The devices were unveiled on June 22 at India’s Got Nova, the brand’s flagship launch event hosted by renowned Gadget Guru Rajiv Makhni, featuring comedian & Youtuber Samay Raina alongside Madhav Sheth, CEO, Ai+ Smartphone. The event also brought together leading technology creators, reviewers, members of the media and consumers as part of Ai+ Smartphone’s Open Review Program, reinforcing the brand’s commitment to transparency and community-led product development. The strong consumer response marks another milestone for the growing Nova Series.

Nova 2 Neo5G and Nova 2 Pro5G Next Sale Starts 30th June, 12 PM on Flipkart

The next sale of the Nova 2 Neo and Nova 2 Pro will commence on June 30 at 12 pm on Flipkart.

The Nova 2 Neo and Nova 2 Pro have been developed to cater to a broad spectrum of consumers from first-time 5G smartphone users to those seeking a more performance-oriented everyday smartphone. Combining dependable hardware with Android 16-based NxtQuantum OS, the devices deliver a clean software experience, reliable performance, and long-lasting battery life across their respective price segments.

Commenting on the response, Madhav Sheth, CEO, Ai+ Smartphone and Founder, NxtQuantum Shift Technologies, said, “The response to the Nova 2 Neo and Nova 2 Pro has been extremely encouraging. Seeing both devices sell out during their very first sale reinforces our belief that consumers are looking for smartphones that deliver dependable performance, thoughtful design, and a clean software experience at accessible price points. Earlier this year, the Nova 2 and Nova 2 Ultra also received an exceptional response, and we’re pleased to see the Nova Series continue building strong momentum. With the next sale beginning on June 30, we look forward to bringing the Nova experience to many more consumers across the country.”

The Nova 2 Neo is powered by the MediaTek Dimensity 6300 5G processor and features a 120Hz HD+ display, a 6000mAh battery, a 48MP Sony IMX582 AI camera and Android 16-based NxtQuantum OS. The Nova 2 Pro, powered by the MediaTek Dimensity 7100 processor, features a 144Hz FHD+ display, a 6000mAh battery with 33W fast charging, a 48MP Sony IMX582 AI camera and a premium 2.5D glass design, delivering an enhanced experience for users seeking greater performance.

The successful debut of the Nova 2 Neo and Nova 2 Pro further strengthens the momentum of the Nova Series as Ai+ Smartphone continues to expand its portfolio with products focused on delivering dependable performance, thoughtful design and a clean software experience for a wider range of consumers.

About Ai+ Smartphone
Ai+ Smartphone is a next-generation brand built in India, delivering reliable and high-performance mobile experiences. Powered by NxtQuantum OS, India’s first sovereign mobile operating system. The brand focuses on delivering a clean design, ensuring long battery life, and maintaining trusted software performance, all while keeping prices accessible without compromising the user experience.

From redefining smartphones to pioneering AIoT products as part of the company’s Connected Ecosystem, Ai+ Smartphone is creating a new standard for trust, immersive experience, and accessibility. Rooted in a privacy-first architecture and a commitment to equitable access, Ai+ Smartphone stands for more than specs — it stands for India’s next era of user-owned, future-ready technology.

About NxtQuantum Shift Technologies
 NxtQuantum Shift Technologies is a deep-tech Indian company building secure, sovereign digital platforms for a digital-first world. Founded by Madhav Sheth, the company develops NxtQuantum OS, India’s first sovereign operating system, and is committed to building technology that is authored in India and globally competitive.

The Phoenix Mills Limited announced the launch of Phoenix Shopping League (PSL) 2026 – India’s first-ever sports-inspired shopping league. Running from 18th June onwards, PSL reimagines the traditional End-of-Season Sale (EOSS) as an immersive, league-style retail experience inspired by the growing popularity of sporting leagues such as the IPL, Women’s Premier League, FIFA and more. Customers can enjoy unbeatable offers and rewards while shopping across 500+ leading national and international brands across participating Phoenix destinations. As sport continues to unite communities, fuel conversations, and create moments of shared excitement, Phoenix Shopping League taps into this nationwide sporting sentiment, bringing the spirit of participation, achievement, and celebration into the world of retail. The initiative reflects Phoenix’s continued commitment to curating experiences that blend shopping with emerging lifestyle passions such as sports, wellness, and community engagement.

Krunal Pandya joined the Phoenix Shopping League at Phoenix Malls, celebrating India’s first sports-inspired shopping league that redefines the retail experience

To make this even more engaging and interesting, Indian cricketer Krunal Pandya unveiled the league at Phoenix Palladium Ahmedabad, bringing his spirit of performance, passion, and achievement to the campaign. The launch marks the beginning of a nationwide celebration across Phoenix Palladium Mumbai, Phoenix Marketcity Mumbai, Palladium Ahmedabad, Phoenix Citadel Indore, and Phoenix Palassio Lucknow.

Throughout the season, Phoenix destinations will come alive with immersive league-themed environments featuring striking central installations, branded signage clusters, interactive engagement zones, and sport-inspired wayfinding elements. Designed to mirror the energy and spectacle of a sporting event, these experiential touchpoints will elevate the shopping journey and transform Phoenix destinations into vibrant arenas of participation, competition, and celebration.

As consumer preferences continue to evolve beyond conventional retail shopping, millennials and Gen Z increasingly seek experiences that foster participation, entertainment, community, and engagement. Phoenix Shopping League reflects this shift by creating a format where shopping becomes more interactive, experiential, and rewarding.

Key Highlights of Phoenix Shopping League 2026

• Shop & Earn Points: Shoppers can participate in Phoenix Shopping League by shopping across participating Phoenix destinations and earning points on their purchases.

• Build Your Score: Every purchase contributes towards a shopper’s league score, allowing them to track their progress and move up the rankings.

• Unlock Milestones & Rewards: As shoppers achieve higher scores, they unlock exciting rewards, exclusive brand benefits, curated experiences, and special offers.

• Unlock the Phoenix Shopping League Vaults: As shoppers progress through the Phoenix Shopping League by achieving qualifying shopping milestones, they gain access to exclusive Phoenix Shopping League Vaults located across participating malls. Each vault unlocks a world of exciting rewards, ranging from instant gifts, shopping vouchers, and premium merchandise to curated experiences, dining privileges, entertainment benefits, and surprise grand prizes. Designed to add an element of anticipation and discovery to every shopping journey, the Vaults transform shopping into an immersive, league-style challenge where every purchase brings shoppers one step closer to unlocking bigger and better rewards.

• Win Premium Experiences: From lifestyle rewards and shopping benefits to exclusive experiences, Phoenix Shopping League offers shoppers multiple opportunities to celebrate their wins.

• Experience More Than Shopping: Alongside rewards and competition, shoppers can enjoy immersive activations, entertainment, and sports-inspired experiences across Phoenix destinations.

Speaking about the collaboration, Krunal Pandya said, “People look forward to shopping seasons every year because of the excitement, offers, and experiences they bring. What I find unique about Phoenix Shopping League is how it adds a completely new layer of fun by bringing the spirit and energy of sports into the shopping journey. It transforms a familiar retail experience into something far more interactive, engaging, and rewarding. The combination of shopping, participation, and celebration makes it a format that people of all ages can enjoy, and I’m excited to be part of this first-of-its-kind initiative.”

Speaking on the occasion, Mayank Lalpuria, Director – Marketing, The Phoenix Mills Ltd., said, “Sport has a unique ability to inspire participation, build communities, and create lasting connections. At Phoenix Mills, we are constantly exploring ways to bring culturally relevant experiences into our destinations, and Phoenix Shopping League is a natural extension of that approach. By combining the excitement of sport with one of the biggest shopping periods of the year, we are creating a more immersive and rewarding retail experience for our shoppers. This season, customers can not only shop across their favourite brands but also win exciting rewards, making the experience even more engaging. Krunal Pandya embodies the spirit of performance, aspiration, and mass appeal, making him an ideal partner for the campaign. Through Phoenix Shopping League, we aim to drive deeper shopper engagement, create greater value for our brand partners, and continue evolving our destinations beyond traditional retail into vibrant spaces for experiences, entertainment, and community engagement.”

With Phoenix Shopping League 2026, The Phoenix Mills Limited continues to strengthen its vision of creating destinations that go beyond commerce and become platforms for participation, discovery, and celebration. By bringing together the worlds of retail, entertainment, and gamification, Phoenix is introducing a fresh approach to experiential retail that transforms India’s biggest shopping season into a sporting celebration.

As shoppers across India gear up for Phoenix Shopping League 2026, the league promises to make every purchase more rewarding, every visit more engaging, and every shopper a contender in India’s most exciting shopping season.

About The Phoenix Mills Limited (PML)

PML (BSE: 503100 | NSE: PHOENIXLTD) is India’s leading owner, operator and developer of retail-led mixed-use destinations. PML Group’s developments are spread across retail, hospitality, commercial offices, and residential asset classes. PML and its subsidiaries have an operational retail portfolio of over 11 million sq. ft. of retail space across 8 major cities of India and are further developing over 7 million sq. ft. of retail space across 5 new malls and further densifying its existing destinations.

PML Group’s mixed-use destinations also include Grade A offices with an operational office portfolio of over 2 million sq. ft. and an under-development office portfolio of over 5 million sq. ft.

PML Group has delivered 3 iconic residential projects across the country and currently has one project under development in Kolkata. PML Group also owns and operates two hotels – The St. Regis, Mumbai and Courtyard by Marriott, Agra, and currently has a Grand Hyatt hotel under planning at Whitefield, Bengaluru. The group has expanded its business to include F&B (food and beverage), operating 39 outlets, with 10 diverse offerings, across its malls.

With a presence across India, PML is transforming cityscapes with iconic destinations that blend shopping, dining, entertainment, and hospitality.

As design emerges as a mainstream discipline and a key enabler of national growth, Anant National University announces an expanded merit-based scholarship framework, offering up to 100 percent tuition and hostel fee waivers to students who have demonstrated exceptional academic performance in Class 12 and other national-level competitive examinations.

Anant Announces Enhanced Merit Scholarships to Increase Access to Design Education

The initiative reflects Anant’s commitment to making quality design education accessible to deserving students from diverse backgrounds and ensuring that financial constraints do not become a barrier to pursuing higher education in design. As India moves towards the vision of Viksit Bharat, there is an increasing need for a future-ready workforce equipped with creativity, critical thinking and problem-solving abilities. Design education plays a vital role in nurturing these capabilities and preparing students to address complex challenges across sectors. 

With design being recognised as a discipline that influences products, systems, space, technologies and communities, the interest in formal design education is steadily growing. However, financial constraints may limit access to quality education for many deserving students. Anant’s scholarship initiative aims to bridge this gap. 

The students get to thrive in Anant’s interdisciplinary environment that emphasises hands-on and experiential learning, community immersion, innovation and critical thinking. Supported by a flexible curriculum that enables students to create their own learning pathway, infrastructure that aids creativity and innovation and a global pool of experienced faculty, Anant’s learning ecosystem prepares students for future-proof careers. 

Through this initiative, Anant National University aims not only to widen access to quality design education but also to contribute to building a more diverse, inclusive and future-ready community of designers, innovators and changemakers capable of shaping solutions for a rapidly evolving world.

About Anant National University
Anant National University, India’s premier design university, is dedicated to training students to devise solutions for global problems. Anant follows the DesignX pedagogy, where ‘X’ is the symbol drawn from mathematics, representing enhancement. This new learning approach multiplies traditional design pedagogy with liberal arts disciplines, emerging technologies and knowledge drawn from hands-on community experiences to help understand our world better and to devise impactful solutions.

Our multidisciplinary undergraduate, postgraduate and doctoral programmes in design, architecture, climate action and visual arts harness knowledge from various disciplines and traditional practices to integrate it with cutting-edge technology to address diverse challenges. 

Anant National University has been recognised as the Centre of Excellence by the Government of Gujarat, highlighting our efforts to provide our students with world-class education, innovative pedagogy, high employability and enhanced entrepreneurial and research opportunities. Anant has also received the prestigious ‘5-Star Rating’ in the category of Architecture and a ‘4-Star Rating’ in the University category in the Gujarat State Institutional Rating Framework (GSIRF) 2023-24. These recognitions reinforce our commitment to creating a world-class institution of great eminence and excellence.

HiLITE Group, the visionary developer behind India’s largest World Trade Centre in Calicut has announced plans to invest Rs.  25,000 crore over the next five years to develop 50 million sq. ft. of space across Kerala spanning retail malls, IT parks, healthcare, education, residential and commercial projects. The company is also expanding its footprint across Kerala’s emerging Tier 2 and Tier 3 markets, rolling out a major network of HiLITE Centres, HiLITE Countryside, and other developments. Driven by a massive plan to penetrate regions outside major urban hubs, the Group is bringing organized retail, world-class entertainment, dining, and premium lifestyle experiences directly to these growing consumer segments.

Mr. Ajil Muhammed, CEO of HiLITE Group

Central to this retail expansion are two property formats. HiLITE Countryside caters to smaller towns and emerging tier 3 markets, while HiLITE Centre serves growing regional urban tier 2 cities. Both formats retain HiLITE’s standards for infrastructure, safety and customer experience but prioritising localisation, curating a tenant mix that reflects community preferences, supporting regional entrepreneurs and integrating both established national brands and home-grown labels without compromising on quality.  

Demonstrating the immediate execution of this vision, HiLITE Group launched the nearly 3-lakh-sq.-ft. HiLITE Countryside Chemmad in the Malappuram district on June 19. Beyond Chemmad, a robust pipeline of localized retail developments is already underway across key growth markets in the state. The upcoming projects include the HiLITE Centres in Kunnamkulam, Mannarkkad, and Nilambur, as well as the HiLITE Countryside in Thamarassery. 

India’s largest World Trade Center development, WTC Kozhikode, is the Group’s flagship project located at HiLITE City on the Kozhikode Bypass (NH 66). The 12.5 million sq. ft. global business and mixed-use development is being built with an investment of USD 680 million. Its first tower, the WTC Learning Park, a 2.14 lakh sq. ft. dedicated education hub within HiLITE City, is nearing completion. Developed entirely using a steel structural framework, the project represents a significant milestone in the phased development of the WTC Kozhikode ecosystem.

In Kochi, HiLITE is moving beyond conventional mall formats with experience led concepts. HiLITE Boulevard which will launch shortly on Willingdon Island is being developed as Kerala’s first waterfront retail and leisure destination, focused on food, entertainment, recreation and immersive attractions.  

Entertainment, F&B and lifestyle brands of the HiLITE Group will scale alongside this geographic expansion. Palaxi Cinemas, the multiplex theatre chain by the Group will expand across the new Centres and Countryside projects, with plans for roughly 250 screens in the coming years. Hug a Mug, the Group’s home grown café brand, aims to expand from its 13th outlet at HiLITE Countryside Chemmad toward a target of 100 outlets across Kerala in the next five years. 

Beyond retail and leisure, the Group is developing YOO Hub Trivandrum at Technopark Phase III, standing as India’s first branded IT park. It is created in a Rs.  300 crore luxury partnership with the global luxury design brand YOO and International Workplace Group (IWG). At Cyberpark, Kozhikode, HiLITE Group is developing Cyber Hub and Cyber Tower, two upcoming IT projects that will provide modern office spaces and business infrastructure for technology companies, startups, and other enterprises.

In education, HiLITE Group’s The White School International, Kerala’s first IB Continuum school, is expanding its educational footprint. The Group is now launching new school projects across multiple cities through strategic partnership models.

HiLITE Group’s focus on health and wellness continues through Mandara Women’s Wellness by Elanine, envisioned as India’s first holistic wellness centre dedicated exclusively to women. Mandara is designed as a dedicated space for women’s health and wellbeing, combining advanced wellness technologies with traditional wisdom to offer a comprehensive, restorative care experience.

“Every project we have earmarked for Tier 2 and Tier 3 cities will adhere to consistent quality and safety standards, while also strengthening local economies and expanding consumer choice. Collectively, the pipeline is designed to create new retail led employment and entrepreneurial opportunities across Kerala and establish a connected network of retail, leisure, and education destinations”, said Ajil Muhammed, CEO of HiLITE Group.

With family offices increasingly emerging as a vital source of patient capital for India’s startup ecosystem, Marwari Catalysts Group continues to strengthen its position as a bridge between high-potential founders and long-term strategic investors. During the last quarter, multiple startups from the Marwari Catalysts portfolio announced significant funding rounds, reflecting sustained investor confidence in ventures emerging from Tier-II and Tier-III India and reinforcing the Group’s integrated approach towards venture creation, investment readiness, and long-term value creation.

Marwari Catalysts Portfolio Damroo, Mad over building, Inteliquant AI, INKA, Leap Ahead to raise strategic investment rounds

Among the notable funding announcements, independent music platform Damroo (founder Ram Mishra) announced a funding round of INR 5 crore, while construction technology company Mad Over Building (founder Kumar Vivek) to raise a funding round of approximately INR 30 crore. INKA (founder Vaibhav Kathju) also announced a funding round to accelerate the growth of its AI-powered insurance platform. In addition, InteliQuant AI (founder Kapil Soni) and Leap Ahead (founder Divya Multani Jain) attracted significant investor interest through their recent funding rounds, alongside other promising ventures within the Marwari Catalysts ecosystem.

Overall, around seven startups associated with the Marwari Catalysts portfolio announced funding rounds during the last quarter, highlighting the growing maturity of the Group’s investment pipeline and the confidence of investors in startups emerging from Tier-II and Tier-III India.

Over the years, Marwari Catalysts has evolved beyond a conventional startup accelerator into a comprehensive entrepreneurial ecosystem supporting founders across every stage of their journey. Today, the Group operates across pre-incubation, incubation, acceleration, venture studio, strategic mentoring, investor readiness, and family office-led investment initiatives, enabling founders to access knowledge, networks, capital, and long-term strategic support under one umbrella.

With a strong focus on entrepreneurs from Tier-II and Tier-III cities, Marwari Catalysts has consistently worked towards bridging the gap between ambitious founders and institutional investors. The organization believes that India’s next generation of globally scalable startups will increasingly emerge from smaller cities, where founders possess deep market understanding, execution capability, and the ability to solve real-world problems.

Sushil Sharma, Founder, Marwari Catalysts Group, said, “Our objective has never been limited to helping startups raise capital. We focus on building fundamentally strong companies that investors are confident backing. Through our integrated ecosystem, we work closely with founders from the early stage to investment readiness, helping them build scalable businesses with sustainable long-term value. The recent funding announcements across our portfolio demonstrate that world-class companies can emerge from Tier-II and Tier-III India when founders receive the right ecosystem support.”

Sharing his experience, Kumar Vivek, Founder & CEO, Mad over Building, said, “Marwari Catalysts has been much more than an accelerator for us. Their ecosystem gave us access to experienced mentors, investors, strategic guidance, and meaningful business relationships. The support extended well beyond fundraising and played an important role in strengthening our business.”

Investor Khurshed Dordi, Independent Director- State Bank of India, ex-MD Deutsche Bank, said, “Marwari Catalysts has built an ecosystem that creates value for both founders and investors. Their hands-on engagement with startups—from validation and mentoring to governance and investor readiness—results in stronger businesses and better investment opportunities. It is encouraging to see quality startups emerging consistently from their portfolio.”

Investor Dr. Seema Chaudhary, MD- Seema Finechem Industry added, “The next wave of innovation in India is coming from beyond the metro cities. Marwari Catalysts is playing a significant role in preparing these startups for institutional investment by combining structured mentorship with access to experienced investors and industry leaders. This approach creates long-term value for entrepreneurs, investors, and the startup ecosystem alike.”

As India’s startup landscape continues to diversify geographically, Marwari Catalysts is strengthening its position as an emerging family office, supporting high-potential startups with patient capital, strategic guidance, governance support, and access to long-term investment networks.

Today, Marwari Catalysts Group has emerged as a trusted startup ecosystem and preferred deal-flow partner for several of India’s leading business families, family offices, and strategic investors. Its growing network includes renowned names such as DS Group, Dr. Lal Path Labs, Malpani Ventures, Navneet Group, Somany Impresa Group, along with several other prominent investment houses that actively engage with the Marwari Catalysts ecosystem to identify high-potential startups.

By connecting ambitious founders with patient capital, strategic mentorship, and industry networks, Marwari Catalysts continues to enable startups from Tier-II and Tier-III India to build globally competitive businesses. With its integrated model spanning pre-incubation, incubation, acceleration, venture studio, and family office participation, the Group is creating a robust pipeline of investment-ready ventures while strengthening India’s innovation ecosystem.

As the startup landscape continues to evolve, Marwari Catalysts is reaffirming its mission of ensuring that exceptional founders—regardless of geography—have access to the capital, mentorship, and strategic partnerships needed to build the next generation of globally successful companies.

For more information, please log on to www.marwaricatalysts.com/home.php.

Bajaj Finance has strengthened its personal loan offering by providing customers with a repayment tenure of up to 108 months. The extended tenure gives eligible borrowers greater flexibility to plan their repayments while meeting a wide range of financial requirements. Customers can apply for a collateral-free loan ranging from Rs. 40,000 to Rs. 55 lakh, with a personal loan interest rate starting from 10% per annum.
 

Bajaj Finance Personal Loan
 

The Bajaj Finance Personal Loan is designed to support both planned and unexpected expenses. Whether customers need funds for home renovation, higher education, travel, wedding expenses or medical emergencies, the loan offers a simple application process, quick approval, and minimal documentation.
 

Bajaj Finance Personal Loan now offers a repayment period of up to 108 months

The latest enhancement allows eligible customers to choose a repayment tenure ranging from 12 months to 108 months. This wider repayment range gives borrowers more flexibility when selecting an EMI that fits their monthly budget.
 

A longer tenure can help reduce monthly repayment obligations, making it easier to manage finances without compromising other financial commitments. Customers can choose a repayment period based on their borrowing needs and repayment capacity.
 

Why does the extended repayment tenure matter?

The extended tenure supports better financial planning, particularly for customers borrowing higher loan amounts. Instead of opting for a shorter repayment schedule with higher EMIs, eligible borrowers can spread repayments over a longer period.

This flexibility may help customers:

• Manage monthly cash flow more effectively.

• Plan large expenses with greater confidence.

• Choose an EMI that aligns with their financial goals.

• Reduce repayment pressure through a longer tenure.
   

The Bajaj Finance Personal Loan provides customers with options that can be tailored to different financial situations while maintaining a straightforward borrowing experience.
 

Who can benefit from the Bajaj Finance Personal Loan?

The Bajaj Finance Personal Loan is suitable for salaried and self-employed individuals who require funds for significant personal expenses.

Customers may consider the loan for:

• Medical emergencies.

• Home renovation or repairs.

• Wedding expenses.

• Higher education.

• Travel and holidays.

• Other planned personal expenses.
   

With loan amounts ranging from Rs. 40,000 to Rs. 55 lakh, customers can select an amount that matches their financial requirements.
 

What is the Bajaj Finance Personal Loan interest rate?

The personal loan interest rate for the Bajaj Finance Personal Loan starts from 10% per annum and can go up to 30% per annum, depending on factors such as customer profile, eligibility, credit assessment, and other applicable lending criteria.
 

The loan is unsecured, which means customers are not required to provide collateral or pledge assets while applying.
 

How does the application process work?

The Bajaj Finance Personal Loan application process has been designed to be simple and convenient.

Eligible customers can apply online by completing a few straightforward steps:
 

1. Check loan eligibility: Customers can enter the required loan amount and select the preferred repayment tenure. They can then click “CHECK LOAN OFFER” to view available loan offers.

2. Enter personal details: Customers need to provide their personal, financial, and employment details to receive a personalised loan offer.

3. Review the loan offer: Customers can review the loan offer and adjust the loan amount or repayment tenure, if available, to suit their financial needs.

4. Complete KYC verification: Customers are required to complete the KYC process and verify their bank account details to facilitate loan disbursal.

5. Application review: Once the application is submitted, a Bajaj Finance representative will contact the customer to guide them through the next steps in the loan application process.

Key features of the Bajaj Finance Personal Loan

The Bajaj Finance Personal Loan includes several features that support different borrowing needs.

• Loan amount from Rs. 40,000 to Rs. 55 lakh.

• Repayment tenure from 12 months to 108 months.

• Personal loan interest rate from 10% to 30% per annum.

• Collateral-free financing.

• Minimal documentation.

• Quick approval process.

• Funds may be disbursed within 24 hours* for eligible applicants.
  ​

These features provide customers with flexibility while helping them manage planned and unforeseen expenses through structured repayments.
 

A customer-focused lending solution

The Bajaj Finance Personal Loan is built around convenience, flexibility, and responsible lending. By offering flexible repayment options, competitive personal loan interest rate options, and a straightforward digital application process, Bajaj Finance continues to provide customers with solutions that support diverse financial requirements.
 

Customers looking for a collateral-free loan with flexible repayment options can check their eligibility online and begin the application process in just a few simple steps.
 

*Terms and conditions apply.
 

About Bajaj Finance Limited
Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings.