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Pluxee India Receives RBI Payment Aggregator Licence, Strengthening its Digital Payments Capabilities

  • Pluxee India receives RBI Payment Aggregator authorisation (both online and physical point-of-sale), complementing its existing PPI licence and strengthening its capabilities across the regulated digital payments ecosystem.

  • The release traces Pluxee’s 29+ year India journey, highlighting its evolution from paper-based meal vouchers to a fully digital employee benefits and payments ecosystem, supported by expanding merchant and consumer scale and continued innovation such as 25+ Employee Benefits, contactless payments and AI-led solutions.

 

Pluxee India, a leading provider of employee benefits and engagement solutions, has received authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator (PA) for both online (PA-O) & physical point-of-sale (PA-P). This marks another significant milestone in Pluxee’s evolution as a technology-led employee benefits and payments platform in India.
 

The PA authorisation, received on 3 August 2026, complements Pluxee India’s existing Prepaid Payment Instrument (PPI) authorisation, which the company received in 2009 and subsequently expanded in 2020 to enable the issuance of General Purpose PPIs beyond Meal PPIs. Together, these regulatory capabilities strengthen Pluxee India’s ability to operate across the payment value chain, while continuing to deliver compliant, secure and seamless payment experiences to its clients, consumers and merchant partners.
 

The Payment Aggregator authorisation was necessarily required by Pluxee India to continue onboarding merchants directly as the Merchant Acquiring business was placed under mandatory licensing requirement by RBI. This authorisation will empower Pluxee to collect payments on behalf of its merchants across payment instruments, manage payment settlements and refunds, and further expand its Merchant footprint across India.
 

With almost 3 decades of presence in India, Pluxee’s journey has evolved alongside the country’s digital payments landscape. The company, which began operations in India in 1997, moved from a traditional paper-based meal voucher model towards digital payments with the launch of its electronic Meal Card in 2016. Its evolution has continued over time with Pluxee today supporting 11,000+ companies, 3.5 million+ consumers and 150,000+ meal merchant partners across 2,200+ cities in India. Pluxee operates on the Rupay Card network of 5 million+ merchants for benefits like Fuel, Telecom, Health & Wellness etc.
 

Pluxee’s payments journey has been closely linked to its broader innovation agenda. In 2019, the company introduced the Multi-Benefit Pass, bringing multiple employee benefits together through a single digital proposition. Its payment ecosystem has evolved offering mobile-led experiences and digital reimbursement solutions. Pluxee’s merchant platform supports multiple payment modes, including card payments, Mobile QR, NFC-based proximity payments and on-line payments.
 

The company’s innovation journey has also expanded beyond payments. In 2024, Pluxee introduced its AI-led bill-processing capability, helping digitise and streamline the reimbursement experience. In 2025, Pluxee further expanded its multi-benefit proposition through the acquisition of ProEves, an Indian corporate childcare benefits player, strengthening its presence in an important employee-benefits category.
 

The company has maintained a strong focus on regulatory compliance throughout this evolution. From operating under its PPI authorisation and adhering to RBI requirements around KYC, AML/CFT, and transaction controls, to securing the new PA authorisation, regulatory compliance remains integral to Pluxee India’s approach to building trusted payment infrastructure.
 

The PA licence marks the next chapter in its journey – building on nearly three decades of experience in India, a deeply established merchant ecosystem and a digital-first operating model. It further positions Pluxee India to participate in the country’s rapidly evolving digital payments ecosystem while continuing to focus on secure, compliant and convenient payment experiences for businesses, employees and merchants.
 

About Pluxee India

Pluxee is a leader in employee benefits and motivation, supporting businesses in attracting, engaging, and retaining talent through a broad range of solutions across Meal, Childcare, Wellbeing, Learning, Rewards & Recognition & whole range of other offerings. With 29+ years of expertise in India, Pluxee partners with 11,000+ companies across the public and private sectors also fostering a trusted network of 180,000+ merchant partners on meal and 5 million+ merchants on other benefits. Every day Pluxee India works to supports 3.5 million+ consumers in 2,200+ towns nationwide.
 

Powered by innovative technology and a dedicated team, Pluxee India delivers meaningful and personalized experiences through a single card and app to enhance the well-being of its consumers at work and beyond. Carrying forward a global legacy of over five decades, Pluxee is committed to creating a positive impact on local communities, promoting sustainability, and enabling its stakeholders to do what matters the most.

For more information visit www.pluxee.in.

SMT's Supraflex Cruz Coronary Stent Receives Regulatory Approval in Canada

Sahajanand Medical Technologies Limited (SMT) has received a Class IV medical device license from Health Canada’s Medical Devices Directorate for its Supraflex Cruz sirolimus-eluting coronary stent system, marking the company’s entry into a new North American market.

 

The family license covers the Supraflex Sirolimus Eluting Stent System and lists Supraflex Cruz as a licensed device within that family. The license enables the device to be imported and sold in Canada and advances SMT’s strategy to expand the international availability of its coronary-intervention technologies.

 

[Heart disease remains a significant public health burden in Canada. In 2023, 6.3% of Canadians aged 18 and older reported having been diagnosed with heart disease or having experienced a heart attack. Heart disease also claimed 57,890 lives that year, making it the country’s second-leading cause of death. ¹ Between April 2023 and March 2024, approximately 8.2% of Canadians aged over 20 were living with diagnosed ischemic heart disease and over 170,000 new cases are diagnosed every year. ²

 

Commenting on the company’s expansion into Canada, Anil Suri, Chief Commercial Officer, at SMT said “Canada is an important market for SMT, and this approval represents a meaningful step in expanding access to Supraflex Cruz. We are committed to supporting physicians with a clinically supported coronary-stent platform as they care for people living with coronary artery disease,” 

 

The Supraflex Cruz approval builds on SMT’s expanding international presence and reflects the company’s commitment to making its coronary-intervention technologies available to physicians in markets where cardiovascular disease remains a major public health priority.

 

The Canadian license comes amid a growing body of clinical evidence for Supraflex Cruz. Findings presented at TCT 2025 included results from TUXEDO-2, which enrolled 1,800 patients with diabetes and multivessel coronary artery disease and demonstrated the non-inferiority of Supraflex Cruz versus a contemporary drug-eluting stent for target lesion failure at one year. Results from MULTIVESSEL TALENT, which randomized 1,550 patients with three-vessel coronary artery disease across 54 sites in Europe and the United Kingdom, demonstrated the non-inferiority of Supraflex Cruz versus a contemporary drug-eluting stent for the trial’s primary composite endpoint at 12 months.

 

About Supraflex Cruz

Supraflex Cruz DES belongs to the Supraflex family of stents, which, through a series of clinical trials including the TALENT trial and has demonstrated safety and effectiveness comparable to the drug-eluting stents evaluated in those trials.

 

About SMT (Sahajanand Medical Technologies)

SMT (Sahajanand Medical Technologies Limited) is a medical devices company with a portfolio of technologically advanced medical devices across vascular and structural heart intervention. SMT offers an extensive portfolio of products focusing on vascular intervention and was the first company in the world to receive CE certification for a DES with a biodegradable polymer. SMT has a global presence, exporting products to more than 75 countries, as on March 31, 2025.

 

For further updates, please the website or follow SMT on LinkedIn.

 

¹ Statistics Canada, “Heart disease and strokes: Two different afflictions, one common risk factor,” February 5, 2026.
² Public Health Agency of Canada, “Heart disease: For health professionals,” February 12, 2026.

 

Disclaimer

Sahajanand Medical Technologies Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an initial public offer of its equity shares and has filed a draft red herring prospectus dated July 25, 2025 (“DRHP”) with the Securities and Exchange Board of India (“SEBI”) and the stock exchanges. The DRHP is available on our website at www.smtpl.com as well as on the website of SEBI at www.sebi.gov.in, Motilal Oswal Investment Advisors Limited at www.motilaloswalgroup.com, Avendus Capital Private Limited at www.avendus.com, HSBC  Securities  and  Capital Markets (India) Private Limited at www.business.hsbc.co.in and Nuvama Wealth Management Limited at www.nuvama.com and and the websites of the stock exchange(s) at www.nseindia.com and www.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and refer to the Red Herring Prospectus, including the section titled “Risk Factors” of the Red Herring Prospectus when available, for details. Potential investors should not rely on the DRHP for any investment decision.

M3M Foundation's iMpower Marks Seven Years with Expansion to Lucknow, Inaugurates Two Multi-Activity Resource Centres

Marking seven years of its journey of supporting migrant communities, M3M Foundation’s iMpower programme has expanded its community-based support network with the inauguration of two iMpower Multi-Activity Resource Centres (iMpower-MACs) in Lucknow, in collaboration with Bal Raksha Bharat (Save the Children India).

 

M3M Foundation inaugurates two multi-activity resource centres in Lucknow

 

The new centres at SBI Colony–Sachivalaya Colony, near Engineering College Chauraha, and Vinayakpuram, Lucknow, were inaugurated by Dr. Aishwarya Mahajan, Managing Trustee and President, M3M Foundation along with Sanjay Sharma, Director – Resource Mobilization & External Engagement, Bal Raksha Bharat. The centres will provide safe and inclusive spaces for children and adolescents, while facilitating access to education, health, nutrition, child protection, social entitlements and other essential services.

 

The collaboration will take the iMpower-MAC model to eight centres across Gurugram, Chandigarh and Lucknow, strengthening community-based support for migrant workers and their families.

 

Since its launch in 2019, iMpower has grown from an initiative focused on migrant communities into an integrated support ecosystem. Today, the programme reaches 35+ iMpower Clubs and Resource Centres, connecting more than 5,000+ families, 10,000+ children and 2,500+ women and adolescent girls, while more than 1,000 individuals have been mainstreamed through its interventions. The programme provides support across areas including early childhood care and education, after-school learning, nutrition, digital education and social entitlements.

 

Dr. Payal Kanodia, Chairperson and Trustee, M3M Foundation, said, “Seven years of iMpower have strengthened our belief that migrant families need an integrated ecosystem of support to build secure and dignified futures. The expansion to Lucknow, in partnership with Bal Raksha Bharat, is a step forward in taking this vision to more communities. Every new centre brings support closer to families and creates greater opportunities for children to learn, grow and thrive.”

 

The two Lucknow centres will serve communities facing challenges including irregular school attendance, school dropouts, child labour, risks of child marriage and limited access to essential services. The SBI Colony–Sachivalaya Colony centre will serve approximately 350 households and 1,650 community members, including 520 children, while the Vinayakpuram centre will cater to around 200 households and 1,200 community members.

 

The expansion reinforces iMpower’s growing focus on partnership-led, family-centric and community-based solutions, bringing together expertise and resources to create safer, more inclusive and resilient communities.

 

About M3M Foundation

M3M Foundation is the philanthropic arm of the M3M Group, working across education, health, livelihoods, sports, and environment. With a reach across 22 states and over 1,300 villages, the Foundation has positively impacted more than 5 million lives, driven by a vision of inclusive, sustainable, and transformative nation-building.

Advanced Robotic Surgery Offers New Lease on Life to Patient Battling Crohn's Disease for 15 Years

Imagine spending 15 years managing a disease that never really lets you rest — pain, infections, and uncertainty becoming the background noise of everyday life. That was the reality for Rajesh (name changed), a man in his late 30s, living with Crohn’s disease since his early twenties. Then came the final blow: his bowel had created an abnormal tunnel into his urinary bladder — a rare complication that left him passing gas and faecal matter through his urine.

 

Advanced robotic surgery at MITR Hospital offers renewed hope and improved quality of life to a patient living with Crohn’s disease


Today, Rajesh is home and pain-free — able to plan his life without planning around his illness. He is one of a handful of patients in India to have undergone robotic multi-specialty surgery for an ileo-vesical fistula, performed at MITR Hospital, Navi Mumbai by a joint team of urological and gastrointestinal surgeons, entirely through keyhole incisions.


A Case That Would Have Meant Major Open Surgery — Almost Anywhere Else
An ileo-vesical fistula is a rare and serious complication of long-standing Crohn’s disease. Years of chronic inflammation had created so much scarring in Rajesh’s case that conventional laparoscopy risked injuring surrounding organs, while open surgery would have meant a large abdominal cut and a much longer recovery. Using a robotic system with magnified 3D vision and instruments capable of movements the human hand cannot replicate, the team removed the diseased bowel segment, closed the abnormal opening in the bladder, and reconstructed the bladder wall — all through small incisions, in a single operation.


Dr Manish Dubey, Senior Urologist & Robotic Surgeon, MITR Hospital, commented, “This case required close coordination between urology and gastrointestinal surgery, given the severe scarring built up over 15 years of Crohn’s disease. The robotic platform gave us the precision and three-dimensional clarity to dissect safely through tissue that would have been extremely difficult to navigate otherwise. The patient walking out in days rather than weeks is the result we always aim for.”


Dr Vijaykumar Malladi, General & GI Surgeon, MITR Hospital added, “The intestinal component of this surgery — resecting the diseased bowel and restoring continuity — is technically demanding even in routine cases. In a patient with 15 years of Crohn’s-related scarring, the robotic system allowed us to work with a level of precision and safety that would not have been possible through conventional means. This is exactly the kind of case where multi-specialty robotic surgery delivers results that truly change a patient’s life.”


Rajesh (name changed), Patient was thankful and said “For fifteen years, I lived with pain that never really went away — just good days and bad days. Towards the end, even the good days became rare. I’m just grateful to MITR Hospital team for beingable to plan my life again instead of planning around my illness.”


What Robotic Surgery Means for Patients
For most patients, surgery still conjures images of large scars and weeks of recovery. Robotic surgery changes that picture. Working through a few small keyhole openings, the surgeon has magnified 3D vision and instruments far more flexible than the human wrist — meaning less blood loss, less pain, and a dramatically faster return home. Many MITR Hospital patients are walking the same day and discharged the next. In cancer operations such as radical prostatectomy, robotic precision can also protect the delicate nerves that control bladder function — a difference that matters long after the patient goes home.


MITR Hospital: A Centre of Excellence for Robotic Urological Surgery
MITR Hospital has performed over 70 robotic urological and urogynaecological procedures since 2024, across the full spectrum of the specialty — from cancer surgery (radical prostatectomy, partial and radical nephrectomy) to complex reconstruction (pyeloplasty, Boari flap, ureteric reimplantation, augmentation cystoplasty) and urogynaecological procedures (sacrocolpopexy, vesicovaginal fistula repair). That breadth, delivered consistently from a 25-bedded focused surgical centre where every patient has direct access to their treating surgeon, is what defines a true centre of excellence.


Dr Vijaykumar Yadav, Consultant Urologist, MITR Hospital also added, “Robotic surgery has transformed our ability to manage complex cases in a minimally invasive way. Cases that once required large incisions and prolonged hospital stays can now be performed precisely through small ports, with patients recovering at home within days.”


About MITR Hospital
MITR Hospital is a super speciality surgical hospital in Kharghar, Navi Mumbai. Established in 2010, MITR Hospital is led by a team of specialist doctors and surgeons. In the last 16 years, MITR Hospital has served 1.2 lakh patients with more than 20,000 successful surgeries. The departments include a comprehensive urology department including Adult Urology, Andrology, Pediatric Urology services, General and GI surgery, Gynecology, Gastreneterology & Hepatology, Orthopedics, Arthoroscopy & Joint replacement and Internal medicine. Led by senior specialists and supported by dedicated nursing and anaesthesia teams, the hospital is committed to delivering the highest standard of surgical care with the personal attention that larger institutions cannot always provide.
More information is available at www.mitrhospital.com. 

A New Force in the Surf Park Economy

American Wave Machines is pleased to announce the formation of Eastern Swell Dynamics, a new joint venture established with China Tourism Group to support the growth of PerfectSwell® surf pools across China. The new company will serve as the official licensed platform for PerfectSwell® projects in the region, bringing together AWM’s proven surf technology with CTG’s deep tourism infrastructure, development capabilities, market access and longstanding presence across Greater China.
 

Signing Ceremony for the joint venture between American Wave Machines and CTG Commercial Management

 

China Tourism Group is one of the most significant tourism enterprises in China, with a history dating back more than a century and a business network spanning mainland China, and international markets. Its platform includes travel services, scenic destinations, hotels, duty free retail, tourism transportation, real estate, cultural tourism and related destination businesses. CTG’s development of Riyue Bay Surf Resort, anchored by PerfectSwell® surf technology, offers an early signal of what this partnership is designed to scale: destination experiences driven by surf.

China’s Insane PerfectSwell® Surf Park: www.youtube.com/watch?v=J1cSXFRD6-I

 

Riyue Bay Surf Resort powered by PerfectSwell® surf technology
 

“The formation of Eastern Swell Dynamics reflects the next phase of PerfectSwell® growth,” said AWM Founder Bruce McFarland. “AWM brings the surf technology, enthusiasm for the sport and surf park experience. CTG brings extraordinary regional capability, destination development experience and institutional reach. Together, we believe the joint venture is positioned to support a new generation of surf park projects.”
 

Eastern Swell Dynamics logo
 

The launch comes as PerfectSwell® Surf Parks continue to emerge as powerful destination anchors, hospitality drivers and next generation recreational assets. Through Eastern Swell Dynamics, AWM and CTG intend to create a focused regional platform for long term market development, localized project support and premium surf experiences. “Riyue Bay Surf Resort has already demonstrated the appeal of high-performance PerfectSwell® surf within a destination experience developed by CTG,” said Wei Li, CFO of CTG Investments. “Through Eastern Swell Dynamics, we look forward to building on that success and supporting the development of new PerfectSwell® surf destinations across China.”

 

About American Wave Machines

American Wave Machines, Inc. is the inventor and developer of PerfectSwell® Surf Technology, the patented surf platform powering world-class surf destinations across real estate, hospitality, private club, resort, and commercial surf markets. PerfectSwell® helped pioneer the modern surf park category by delivering the wave surfers want: authentic, repeatable, high-performance surf with the variety, progression, and quality required to drive long-term demand.
 

As the inventor of sequence-based pneumatic surf technology, AWM has built a deeply protected platform backed by over 50 patents worldwide, extensive operating data, and proven destination performance. PerfectSwell® innovations including Split Peaks, A-Frames, Peeling Waves, Air Sections, Barrels, Infinite Ocean, and other signature wave and design capabilities are supported by AWM’s robust intellectual property portfolio.

PayGlocal Introduces Flash, a New Generation of Express Checkout for Cross-Border Commerce

PayGlocal, India’s leading cross-border payments company, today introduces Flash, a new express checkout experience that allows international customers to carry their verified checkout details across participating Indian merchants. With the customer’s permission, Flash securely recognises previously verified information, so customers who have already completed a checkout through PayGlocal can make subsequent purchases without having to enter the same details from scratch.

 

PayGlocal launches Flash, an express checkout experience for cross-border commerce

 

Today, every new purchase from an Indian business can mean starting the checkout process again. Customers may have already entered and verified their personal and payment information with one merchant, only to repeat the same process when they shop with another. Flash is designed to make that journey simpler, allowing customers to move between participating Indian businesses with fewer steps and a more familiar checkout experience.

 

Making Cross-Border Checkout Simpler

Cross-border payments have made it possible for Indian businesses to reach customers around the world. Flash focuses on the next part of that journey: making it easier for those customers to complete a purchase.

 

Rather than repeatedly entering the same information, customers can use their existing verified details, with their consent, when shopping with other participating Indian businesses.

 

On the occasion, Yogesh Lokhande, Co-founder & CTO, PayGlocal said, “For an Indian business selling to the world, every customer has to be won from scratch. It has to spend to get discovered, build trust with every new buyer, and earn the right to make the sale. And when another Indian business reaches that same customer, the journey starts all over again. PayGlocal changes that.”

 

He added, “Millions of global shoppers who already buy through PayGlocal can now become a shared customer base for every Indian business on our network. A first-time visitor can arrive already known, trusted, and just one tap away from completing a purchase. For the first time, an Indian business doesn’t have to win the world alone.”

 

Flash has been built from the ground up for cross-border commerce, taking into account the needs of international customers shopping with Indian merchants. The aim is to reduce friction at checkout while giving participating businesses a simpler way to serve returning global shoppers.

 

Building the Infrastructure for India’s Global Commerce

PayGlocal has spent more than the last five years building payment infrastructure that enables Indian businesses to accept payments from customers around the world.

 

Flash builds on this foundation to create a more consistent checkout experience across participating merchants. As the network grows, customers can discover and shop with more Indian businesses without having to repeatedly start the checkout process from scratch.

 

For Indian businesses, the opportunity goes beyond accepting international payments. It is about making it easier for global customers to complete purchases and return to shop again.

 

For the first time, Indian businesses selling to the world can share a global customer network.

 

And that is the larger opportunity PayGlocal sees beyond payments, to help Indian businesses build lasting relationships with customers around the world.

 

Flash to Debut at Global Fintech Fest 2026

PayGlocal is set to unveil Flash at Global Fintech Fest 2026 in Mumbai, giving the fintech ecosystem its first look at the product and the experience it enables.

 

The launch will also be part of a broader series of innovations PayGlocal will showcase at GFF across cross-border payments, commerce, payment intelligence and AI.

 

Together, these launches represent PayGlocal’s next phase of building the infrastructure that makes global commerce feel more like a connected experience.

RISM Inaugurated; Foundation Laid for Nareyana Pragnalaya – 'Abode of Wisdom'

The Ramaiah Group of Institutions has made a significant contribution to building a knowledge society in India through its longstanding commitment to education, said Hon’ble Chief Minister of Karnataka Shri D.K. Shivakumar at the inauguration of the Ramaiah Institute of Science and Management (RISM) and the foundation laying ceremony of Nareyana Pragnalaya – ‘Abode of Wisdom,’ held in Bengaluru on Monday, 7th September 2026.

 

CM Shri D.K. Shivakumar was welcomed by Dr. M.R. Jayaram, Dr. Seetharam and Dr. Havidan Rodríguez at the inauguration of RISM and the foundation laying of Nareyana Pragnalaya


The ceremony marked an important milestone in the Ramaiah Group’s continuing journey in education and brought together eminent academic and institutional leaders, including Dr. M.R. Jayaram, Chancellor, RISM; Dr. Seetharam, Chairman, Gokula Education Foundation; Dr. Havidan Rodríguez, President, University at Albany, State University of New York; Dr. M.M. Pallam Raju, Member, Board of Management; Prof. B.N. Raghunandan, Chairman, RISM Task Force; and Mr. Gurucharan Gollarkeri, IAS (Retd.), Chief Strategy Officer, GEF (Medical), among others.
 

Ramaiah Legacy of Building a Knowledge Society
Speaking on the occasion, Chief Minister Shri D.K. Shivakumar appreciated the contribution of the Ramaiah Group of Institutions to education and the development of Bengaluru and Karnataka. He highlighted the role played by the institutions in creating generations of professionals, entrepreneurs and leaders and in contributing to the building of a knowledge-driven society.

He also emphasised the importance of educational institutions preparing young people not merely to seek employment, but to become entrepreneurs, innovators and job creators who can contribute meaningfully to the country’s future.
 

RISM: Global Knowledge Meets Technology
Dr. M.R. Jayaram, Chancellor, RISM, highlighted the vision behind the new institution and its focus on global academic engagement, research, innovation and emerging technologies.

A key pillar of RISM’s academic vision is its collaboration with the University at Albany, State University of New York. The partnership is intended to provide students with access to global academic expertise, knowledge, research and emerging technologies, while creating opportunities for international exposure and industry-relevant learning.

The collaboration brings together the educational legacy of the Ramaiah Group and the global academic strengths of the University at Albany, creating an environment designed to prepare students for a rapidly changing world.
 

Nareyana Pragnalaya – Abode of Wisdom
Dr. M.R. Jayaram also highlighted the significance of Nareyana Pragnalaya, the name given to the new RISM campus for which the foundation stone was laid.

Nareyana Pragnalaya means ‘Abode of Wisdom’ and envisions a transformative space where knowledge becomes wisdom, learning inspires discovery, and education shapes enlightened minds.

Rooted in timeless values and driven by a vision for tomorrow, the campus is envisioned to nurture intellect, creativity, character and compassion, empowering generations to learn, lead and shape a better world.

The foundation laying therefore represents more than the creation of a new campus. It marks the beginning of a new academic environment where knowledge, technology, research and human values come together.

The inauguration of RISM and the foundation laying of Nareyana Pragnalaya extend the enduring legacy of the Ramaiah Group of Institutions and Gokula Education Foundation into a new generation of global, technology-enabled and future-ready education.

International Innovation Challenge IIC 3.0 Inaugurated at Manipal University Jaipur

Manipal University Jaipur (MUJ), in collaboration with the Department of Agriculture, Government of Rajasthan, inaugurated the International Innovation Challenge (IIC) 3.0, a 36-hour innovation and entrepreneurship challenge aimed at encouraging young innovators to develop technology-driven solutions to pressing societal and industry challenges.

 

IIC 3.0- Chief Guest Mr Virendra Chaudhary was felicitated by Dr. Amit Soni, Registrar, Manipal University Jaipur

 

Organised by the Department of IoT & Intelligent Systems, AIC-MUJ, E-Cell MUJ and DoIC-MUJ, the challenge is co-powered by Unstop, mlHealth 360 Pvt. Ltd., Mahindra & Mahindra Pvt. Ltd., MongoDB, InterviewBuddy, Internshala and Code Crafters, with ICAR, Mysore as a partner.

 

The inaugural ceremony brought together university leadership, industry experts, mentors, partners and participating teams. The session was graced by Prof. Amit Soni, Registrar, MUJ, Prof. Vijaypal Singh Dhaka, Dean, IQAC, MUJ and Convenor, IIC 3.0 and Shri Virendra Choudhary, Director, 1st India News as the Chief Guest.

 

Prof. Amit Soni, Registrar welcomed the guests and participants from across the country and introduced the rich legacy of Manipal University Jaipur.

 

The Chief Guest Shri Virendra Choudhary, Director, First India News, who opened the problem statement for IIC 3.0. Addressing the participants, Shri Choudhary emphasised the need to build a robust and future-ready agricultural ecosystem and encouraged young innovators to explore entrepreneurship and technology-led solutions in the agriculture sector.

 

Dr. Geeta Rani, HoD, IoT & Intelligent Systems and Program Chair, IIC 3.0, welcomed the mentors, partners and participating teams and outlined the journey ahead for the 36-hour challenge. Dr. G. L. Saini proposed the vote of thanks, acknowledging the contribution of dignitaries, mentors, partners, volunteers, participants and the organising team.

 

The third edition has witnessed an impressive response, with 259 teams comprising more than 900 registered students participating in the first round out of these, 154 teams are from MUJ and 105 teams are from institutions outside the university, representing 15 states and more than 70 universities and colleges across India and globe. The participating institutions include premier institutes such as IIT Bombay, IIT Jodhpur and NIT Lucknow. The challenge has also attracted an international team from Italy, adding a global dimension to the competition.

 

The participating teams are working on solutions across 10 critical themes, including EdTech, HealthTech, FinTech, AgriTech, Cybersecurity, Women and Child Safety, Aerotech and Aerospace Innovation, Transportation and Mobility, and Smart Cities and Urban Development.

 

Building on the success of IIC 2.0, organised last year, IIC 3.0 has been expanded into a comprehensive innovation platform combining a 36-hour hackathon and expert-led panel discussions.

 

The challenge is supported by an experienced panel of mentors and judges, including Mr. Ankit Jha, Founder, Awarno Technologies; Ms. Swati Bansal, SDE, Amazon; Ms. Nandini Sharma, Founder, Aparajita Foundation; and Mr. Prince Yadav, SDE, GreyOrange, Dr Ester Zumpano, University of Calabria, Italy; Dr Eugenio Vocaturo, CNR-Nanotec, Italy, Dr Haiming Liu, Southampton University, UK. The discussions will explore contemporary issues and opportunities around artificial intelligence, industry requirements and career planning, innovation and entrepreneurship, higher education, and global opportunities, providing participants with perspectives beyond the competition itself.

 

The competition offers attractive rewards to recognise innovative ideas and promising solutions. The first prize carries a cash award of Rs. 1 lakh, the second prize Rs. 75,000 and the third prize Rs. 50,000. In addition, participants will receive goodies and opportunities for paid internships, providing them with avenues to further develop their skills and connect with industry.

 

With participation from across India and an international team, IIC 3.0 represents MUJ’s continued efforts to create a vibrant ecosystem for innovation, entrepreneurship, interdisciplinary collaboration and sustainable development. The 36-hour challenge provides young innovators with a platform to transform ideas into solutions while engaging with mentors, industry leaders and peers from diverse academic and professional backgrounds.

SDLG India to Showcase Next-Generation Earthmoving Construction Machinery at bauma CONEXPO INDIA 2026

SDLG India is set to showcase its construction machinery range at the bauma CONEXPO INDIA 2026, world’s leading International trade fair for construction machinery, mining machines, and construction vehicles to be held from September 15-18 at the India Expo Centre, Greater Noida.

 

SDLG India’s next-generation construction equipment range, engineered for power, performance, reliability and sustainable infrastructure development


At Hall H16 – Booth B31, SDLG India will showcase a powerful portfolio of its next-generation construction equipment including electric wheel loaders, motor graders, excavators and dozers for the Indian construction industry giving customers and industry stakeholders an opportunity to experience the company’s capabilities across earthmoving, electrification and fuel-efficient construction machinery.


The product range demonstrates SDLG’s growing capabilities across high-performance construction equipment while highlighting its focus on productivity, reliability, electrification and solutions tailored to the evolving needs of Indian customers.


Mr. Wang Xiaohui, Vice General Manager, Shandong Lingong Construction Machinery Co., Ltd. (SDLG), said, “India remains a strategically important market for SDLG and presents significant opportunities as the country continues to advance its infrastructure and industrial development. Guided by our core philosophy of ‘Efficiency First, Leading Technology’, we remain focused on bringing continuous technological innovation and operational excellence to the Indian market.”


Mr. Soumyaranjan Dash, Head of Dealer Development and Brand Marketing, SDLG India, said, “The company’s focus is on manufacturing machines that deliver high productivity, dependable performance and lasting value for our Indian customers. At SDLG India, we are strengthening our product range, expanding our dealer and service network to attend the needs of Indian customers.”


With more than 15 years of presence in India, SDLG India has been steadily expanding its product portfolio and market reach, strengthening its ability to serve the country’s diverse construction and infrastructure requirements.


SDLG’s participation at bauma CONEXPO INDIA 2026 comes as the company continues to expand its presence in India, with a focus on combining its global product and technology capabilities with a deeper understanding of local applications and customer requirements.

 

About SDLG India
SDLG has been present in India since 2009, supporting the country’s growing construction, infrastructure and mining sectors with a portfolio of reliable, efficient and value-driven equipment. Its product range includes Wheel Loaders, Hydraulic Excavators and Motor Graders, engineered and customized for Indian operating conditions and serving a wide range of demanding applications, including quarrying, mining, road construction, railways and port infrastructure.

 

In 2026, SDLG further strengthened its commitment to India by establishing full-fledged operations in the country to meet growing industry demand. Supported by a strong nationwide dealer network, the company provides dedicated after-sales support, including parts and service, to help customers maximize equipment uptime and returns on investment.
 

As India continues to invest in large-scale infrastructure development, SDLG is focused on expanding its product portfolio, deepening localization, and strengthening its manufacturing and service capabilities. Backed by its global journey and the Lingong Group ecosystem, SDLG is entering its next phase of growth with a renewed focus on innovation, manufacturing and customer-centric solutions, while building a stronger and more significant presence in India’s evolving construction equipment landscape.

Swyom Advisors Marks Three Years of Operations at "Beyond Alpha: Chapter 3" in Mumbai

Swyom Advisors Limited, the SEBI-registered investment manager to the Swyom India Alpha Fund, marked the completion of three years of operations at Beyond Alpha: Chapter 3, an evening reception held on Saturday, 5 September at the Grand Ballroom, Taj Santacruz, Mumbai. The gathering brought together the firm’s investors, distribution partners, service providers and associates from across the Indian capital markets ecosystem.
 

L–R: Jaideep Kanse, Swyom; Radha Raman Agarwal, MD & CEO, Swyom Advisors; and Sanjay Mishra, former COO, Marico India, at Beyond Alpha, Taj Santacruz, 5 September 2026
 

The evening ran under the theme ‘Building Bonds, Breaking Boundaries, Blazing Beyond’, a framing the firm has used to describe the three priorities it says have defined its first three years: deepening relationships with its stakeholders, widening the research questions it is willing to take on, and building the institutional infrastructure to carry both forward.
 

“Three years is a short life for an investment firm, but it has not been a quiet one,” said Radha Raman Agarwal, Managing Director and Chief Executive Officer, Swyom Advisors Limited. “This period has handed Indian markets a broad market advance, a mid-cycle correction, a geopolitical energy shock and a sharp reversal in foreign flows. Firms are not built in benign conditions. What we take from these three years is a working method we trust, a team that has been tested, and the relationships that made both possible.”
 

Building the firm

In a presentation to guests, Agarwal set out the firm’s progress as an operating business. Swyom Advisors now manages assets of over Rs. 300 crore across close to 200 investors, and has grown to a team of more than 20 professionals, including a dedicated in-house research team. Growth in assets under management reflects a combination of investor inflows and market movement and is not a representation of returns.
 

Aditi Kedia, Director, Swyom Advisors Limited, spoke to the widening of the firm’s investor and partner base over the three years, and to the work of building a distribution network across independent advisers, wealth platforms and family offices. Sweta Agarwal, Director and a member of the firm’s Investment Committee, closed the evening with a vote of thanks, in which more than 24 partner firms and professional associates were formally recognised for their role in the firm’s first three years.
 

A maturing alternatives market

Speaking to the wider context, Agarwal pointed to the changing composition of India’s alternatives market. Citing SEBI’s Alternative Investment Funds statistics, he noted that total commitments raised across AIFs have reached approximately Rs. 16.94 lakh crore since the framework was introduced in 2012, with Category III funds accounting for around Rs. 3.15 lakh crore – the fastest-growing of the three categories. Category III funds, which pursue diverse and often complex strategies, have moved over the past decade from a niche allocation to a recognised line item in the portfolios of Indian family offices and ultra-high-net-worth investors.
 

The firm noted that three years of continuous operation is also the point at which institutional allocators and intermediaries typically begin formal evaluation of a manager, making the anniversary an operational milestone as much as a symbolic one.
 

“The Indian alternatives market is at the stage where the conversation has to move past product and towards process,” Agarwal said. “Allocators are asking harder questions about how decisions get made, how risk is governed, what happens when a thesis is wrong. Those are the right questions, and the firms that answer them plainly are the ones this market will reward with longevity.”
 

The programme also included a fireside conversation on the premiumisation of Indian consumption between Sanjay Mishra, a consumer-sector business leader who previously served as Chief Operating Officer, India and Chief Executive Officer, New Business at Marico, and Jaideep Kanse, Business Consulting Partner at Swyom and former Chief Marketing Officer at Asian Paints.
 

What comes next

Setting out the firm’s priorities for the period ahead, Agarwal described an ambition framed less around size than around institutional depth. Swyom Advisors has opened an office in Kolkata as it widens its partner network beyond western India, has strengthened its research function with institutional data and analytics infrastructure, and is adding to both its research and sales teams. The firm is separately evaluating a presence at GIFT City as a route to a more geographically diversified investor base. Alongside these, it says it will continue to invest in governance, talent and investor experience as the business scales.
 

About Swyom Advisors Limited

Swyom Advisors Limited is the investment manager to the Swyom India Alpha Fund, a Category III Alternative Investment Fund registered with the Securities and Exchange Board of India (SEBI Registration No. IN/AIF3/22-23/1170). The firm commenced operations in September 2023 and is headquartered in Mumbai.

Further information is available at www.swyom.com.

Disclaimer

This release is issued for information purposes only. It does not constitute, and must not be construed as, an offer, invitation, inducement or solicitation to subscribe to, purchase or deal in units of any scheme of any Alternative Investment Fund. Units of Alternative Investment Funds are offered solely by way of private placement to eligible investors, through and on the terms of the relevant private placement memorandum and constitutive documents. Nothing in this release constitutes investment advice or a recommendation in respect of any security or company, and no reference to any person or organisation should be read as such. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Past performance is not indicative of, and carries no assurance of, future results.