Jassper Shipping To Invest RS 450 Crore Over Three Years To Power India’s Cargo Boom

*Hyderabad-based freight logistics firm to spend Rs 90 crore in first phase across power, steel, cement, agriculture, fertilisers and infrastructure sectors

Jassper Shipping, an international cargo logistics company that moves everything from heavy machinery and cement to food grains, fertilisers and farm produce, today announced it will invest up to US$50 million (approximately Rs 450 crore) over the next three years to expand its services across India, the Gulf region and other international markets.

The investment will be made in stages by the company's promoters and is subject to market conditions, regulatory and board approvals. It comes at a time when India is rapidly building new infrastructure and expanding its farming, manufacturing and trade sectors, all of which need goods and materials moved safely from factories, farms and ports to the places where they are needed.

In the first phase, the company will spend US$10 million (approximately Rs 90 crore) to strengthen its cargo-moving business across a wide range of sectors: power, steel, cement, agriculture, fertilisers, petrochemicals, construction materials, heavy engineering, manufacturing and large infrastructure projects.

The demand for such services is growing fast. India's major ports handled over 915 million tonnes of cargo in 2025–26, about 7 per cent more than the year before, according to the Ministry of Ports, Shipping and Waterways. The government has also set up 142 Gati Shakti Cargo Terminals across the country as of July 2026, adding roughly 224 million tonnes of new freight-handling capacity every year, according to the Ministry of Railways.

"India is going through a long phase of building new infrastructure, expanding factories and growing its farm and trade sectors. All of this creates big opportunities for a company like ours that moves cargo of every kind, whether it is heavy machinery for a power plant, cement for a highway, or fertilisers and food grains for farmers. Our Rs 450 crore investment will help us build the scale and capability to serve this growing demand," said Pushpank Kaushik, CEO and Head of Business Development (Subcontinent, Middle East and Southeast Asia), Jassper Shipping.

In simple terms, whenever large goods need to be moved, whether it is heavy machinery for a power plant, cement and steel for a highway or dam, fertilisers and food grains for agriculture, or bulk materials for a factory, they often arrive by ship at a port and then have to be carried by road, rail or river to the final destination. Jassper Shipping handles this entire journey: arranging ships, loading and unloading cargo, and delivering it safely to the site. The company works with large construction firms, manufacturers, agricultural traders and industrial groups. Its network stretches across Southeast Asia, Africa, the Arabian Gulf, the Red Sea and the Far East, and it now plans to strengthen its presence in India and the Gulf.
About Jassper Shipping

Founded in 1993, Jassper Shipping is an international shipping and logistics company providing project logistics, breakbulk logistics, bulk logistics, ship chartering and industrial supply chain solutions. The company has operations and network coverage across Southeast Asia, Africa, the Arabian Gulf, the Red Sea and Far East Asia, and works with a large network of clients and vendors.

Over the years, Jassper Shipping has expanded into specialised logistics and allied businesses, including Jassper Fuels, while also integrating electric vehicles into its distribution logistics as part of its broader focus on technology-enabled and sustainable logistics solutions.

Website: www.jasspershipping.com 

Nike Alphafly 4 Helps More Runners Go The Distance With Speed And Confidence

What is it?
Nike Alphafly 4 is the lightest, most responsive Alphafly yet, built from the ground up to help more runners experience marathon speed.

Who’s it for?
Alphafly 4 is made for marathoners, from the elites chasing podiums to everyday runners chasing personal bests.

What’s new?
Nike refined every major component of Alphafly to create a smoother, more efficient marathon experience. The result is a shoe that delivers 10 percent more energy return than its predecessor; is 5 percent lighter in a men's size 8.5; and features a new Atomknit upper, ZoomX LT foam, updated Air Zoom units, a carbon-fiber Flyplate and Fast Shot outsole.

When is it available?
Alphafly 4 will be available for an early, limited release September 17 at nike.com, followed by broader availability October 29 at nike.com and select retail locations.

More Runners. More Speed. More Possibility.

Nike is introducing Alphafly 4, a marathon racing shoe rebuilt as a complete system to help more runners carry speed over distance. The shoe delivers 10 percent more energy return than its predecessor; is 5 percent lighter in a men's size 8.5; and features a new Atomknit upper, ZoomX LT foam, updated Air Zoom units, a carbon-fiber Flyplate and Fast Shot outsole.

The challenge was not making a fast shoe faster. The challenge was helping more runners hold onto speed and efficiency as fatigue changes the race.

Built on a legacy that helped redefine marathon racing, Alphafly 4 balances propulsion, cushioning, comfort and stability to help runners stay connected to their pace, form and goals from the first mile through the final push.

"A marathon is dynamic. With Alphafly 4, we spent years listening to athletes, studying how fatigue impacts performance and running mechanics, refining every element of the system to help runners maintain efficiency when it matters most," says Emily Farina, Senior Principal, Running Footwear, Nike Sport Research Lab. "Our goal was simple: create a shoe that helps athletes feel more confident and capable deep into the race. That's what Alphafly 4 was built to do."

Alphafly 4 Carries Speed Further

There comes a point in every marathon when maintaining speed becomes harder than finding it. Alphafly 4 was rebuilt for that moment.

A new Atomknit upper offers a more precise fit with less distraction, helping runners feel comfortable, secure and focused over distance. A soft, breathable and fully seamless construction features zoned midfoot cables, an integrated heel unit and a molded sock liner for added security in every stride.

New ZoomX LT foam is up to 17 percent lighter than standard ZoomX foam; offers 8 percent more energy return; and delivers a softer sensation, supreme cushioning and added bounce. The new foam combines with ZoomX and is layered above and below the Flyplate to create a complete cushioning system designed specifically for the demands of long-distance racing.

A carbon-fiber Flyplate brings together stability and propulsion while retaining Alphafly’s signature propulsive scoop, working with the surrounding cushioning to create a smooth rolling sensation that supports forward momentum and a consistent cadence.

Dual forefoot Air Zoom units are tuned to quietly work together with the foam and Flyplate to deliver responsive race-day propulsion.

A lightweight Fast Shot outsole ensures optimal traction and grip, helping runners stay connected to the road with every stride.

In all, Alphafly 4 is built for long-distance racing and personal-best pursuits, helping runners stay connected to their race deeper into the marathon.

"Nike Alphafly 4 gave me confidence from the start line to the finish," says Nike athlete Addisu Gobena of his recent winning marathon in Sydney. "When the race became difficult, I trusted the work I had done and trusted the shoe beneath me. As athletes, we are always chasing what comes next, and I believe Alphafly 4 shows how much opportunity exists to push marathon performance forward."

Built for Marathon Speed

Athlete feedback collected across multiple generations of Alphafly helped guide the shoe’s development. Learnings from Nike’s Project Dreamweaver, extensive women’s trials, and insights from distance runners of all abilities and intensities informed improvements to stability, smoothness, comfort and confidence over distance.

That process reflects a system that connects athlete insight, Nike Sport Research Lab testing and product innovation. Athletes help identify the problems worth solving. Scientific research helps uncover new opportunities. Designers and engineers bring those learnings together in innovations built around how runners actually move and perform.

The results speak for themselves:

Eliud Kipchoge’s sub-2-hour marathon

The late Kelvin Kiptum’s marathon world record

Sifan Hassan claiming gold in the women’s marathon in Paris

Conner Mantz's American marathon record

Jacob Kiplimo’s half-marathon world record

Gobena’s marathon course record in Sydney

Records prove what is possible. Confidence is what runners take with them to the start line.

Alphafly 4 is built to help runners stay stronger a little longer, hold on a little deeper into the race, and discover what’s possible over 26.2 miles.

"I've run in just about every race day shoe out there, and Alphafly 4 is my No. 1 pick," says Meaghan Murray, a member of the Alphafly 4 prototype testing cohort. "It has the most propulsive yet comfortable and cushioned ride I've experienced in a race shoe. It is softer and bouncier than before, and the upper is comfortable and accommodating."

Nike Racing Footwear Lineup

Alphafly 4 is part of Nike’s Racing footwear lineup, an innovative collection built around different runners, distances and goals –– whether they’re toeing their first starting line, seeking a faster 10K, chasing a personal best in the marathon, or looking to shave a second off a historic benchmark.

Each shoe has a job, and each one is tuned as a system: Air to return energy, foam to manage cushioning and weight, a plate to shape the transition, and an upper to contain the foot.

Nike built each silhouette to serve a specific runner, distance and goal. Stay tuned for more Nike Racing footwear designed for every race-day pursuit — coming to podiums around the world.

The Nike Alphafly 4 will be available for an early, limited release September 17 at nike.com, with broader availability October 29 at nike.com and select retail locations. 

The Tata Trusts Maintain The Resolution To Re-Appoinment Of N. Chandrasekaran As Tata Sons Chairman

* Position reiterated at the Tata Sons Board Meeting, by Noel N. Tata, Chairman, Tata Trusts, following a move to revisit N. Chandrasekaran's reappointment; Selection Committee to proceed in accordance with the Articles of Association

The Tata Trusts today reiterated their considered position that the decision of Mr. N. Chandrasekaran, Chairman of Tata Sons, not to offer himself for reappointment upon the conclusion of his current tenure on 20 February 2027, has been duly accepted and has attained finality.

Mr. Chandrasekaran communicated to the Tata Sons Board, his own decision not to offer himself for reappointment- a decision that was freely taken, clearly expressed and not the outcome of any process of review. It was made public without prior intimation or any deliberations with the shareholders of the company. Once such a decision has been publicly communicated, it has consequences which cannot be afterwards undone, since the Group’s employees, its lenders and counterparties, the market and the majority shareholder have all proceeded on it.

The Tata Trusts formally placed on record their acceptance of the decision the following day and advised Tata Sons to initiate the process for setting up a Selection Committee for appointing a successor, in accordance with the Articles of Association of Tata Sons.

The Trusts’ position remains unchanged, as a considered judgement of a majority shareholder. This position was reiterated in today’s board meeting by the Chairman, Tata Trusts. The resolution seeking to reappoint Mr. N. Chandrasekaran in the Board meeting today, with four Directors voting in favour, and Mr Noel Tata against, was a legal nullity in view of the provisions of the Articles of Association of Tata Sons. Specifically speaking:

The process for appointing a Chairman under the Article of Association requires a majority of the Trusts’ Nominee Directors voting in favour of the resolution.

That process applies equally to a first appointment and to reappointing someone who already holds the office.

The Board, accordingly, cannot lawfully hold a meeting or pass a resolution on the Chairman's appointment or reappointment unless both nominee directors are present, and cannot validly pass such a resolution unless both nominee directors vote in favour. Given that Mr Noel Tata, being one of the Trust nominee directors, voted against the proposal, it was rendered legally void and without any basis.

Mr. Noel N. Tata further submitted a legal opinion obtained from Justice Dr. DY Chandrachud (former Chief Justice of India) regarding the correctness of the Trusts’ stand. The same was not taken note of by the Board.

The detailed statement presented by Mr Noel N. Tata to the board of Tata Sons, with regard to the proposal for the said reappointment, is annexed.

The Tata Trusts remain committed to ensuring an orderly and timely leadership transition in the long-term interests of Tata Sons and the Tata Group.

About Tata Trusts

Established in 1892, the Tata Trusts are India’s oldest and amongst Asia's largest philanthropic institutions. They have played a pioneering role in bringing about an enduring difference in the lives of the communities they serve, advancing equity, resilience, and shared progress. Inspired by the vision of the Founder Jamsetji Tata and guided by a legacy of proactive philanthropy, the Tata Trusts work to catalyse systemic and sustainable change across diverse areas by building institutions, strengthening public systems, and accelerating socio-economic development in a wide variety of areas- healthcare; nutrition; education; water, sanitation and hygiene; urban and rural livelihoods, amongst others. The Trusts build meaningful solutions, bridging tradition and innovation, through collaborations that nurture grassroots efforts, empower change makers, and touch lives across India.

For more information please visit: www.tatatrusts.org

Tenthpin Launches AI, IoMT-Based Centre For Life Sciences Innovation Hub In Bengaluru

Switzerland based Tenthpin Management Consultants, a global leader in management and technology consulting for Life Sciences companies, today announced the launch of Innovation Hub in Bengaluru, establishing a Global Centre of Excellence dedicated to advanced therapies that delivers a cutting-edge AI and cloud-driven solutions that help organizations accelerate and transform complex gene, cell, and tissue treatments into life-saving medicines.

By bringing together deep scientific expertise, and industry-leading technology partnerships, this centre serves as a hub for innovation to supports biotech and pharmaceutical organizations at every stage of the transformation journey from early-stage research and process optimization to scale-up, manufacturing, and regulatory readiness reducing time-to-market while upholding the highest standards of quality. Through AI-powered analytics, predictive modelling, and cloud-based collaboration tools, the Centre enables faster decision-making, greater reproducibility, and more efficient use of resources, ultimately helping bring transformative therapies to patients who need them most.

The latest state of art facility at Global Tech Park, Koramangala was inaugurated by Mr Juergen Bauer, Founder and Chairman of the Executive Board of Tenthpin, in the presence of Mr. Michael Schmidt, Founder and Member of the Executive Board of Tenthpin and Mr. Sachin Bhure, Partner and Managing Director, Tenthpin India.

As the Life Sciences industry continues to evolve through new scientific and technological advances, companies require innovative digital solutions to address emerging market needs. Tenthpin’s Innovation Hub in Bengaluru is focused to meet these challenges by developing unique solutions and deliver services that help organizations navigate today’s industrial needs and prepare for the future. Built on leading cloud technologies, these innovations support pharmaceutical, biotechnology, healthcare, animal health and CDMOs in accelerating growth while maintaining regulatory compliance, which is a core for these businesses. The Innovation Hub will focus on next-generation capabilities such as Artificial Intelligence, Internet of Medical Things, (IoMT) Advanced Therapy Medicinal Products (ATMPs) and Intelligent clinical Supply chain providing the industry with scalable, future-ready solutions.

Speaking on the occasion of the launch, Mr. Juergen Bauer said, “Our new office in Bengaluru is more than an expansion — it’s an investment in the future of Life Sciences innovation. Scaling and expanding of our presence in Bengaluru underscores Tenthpin’s strong belief in the power of Indian talent and innovation. India has proven to be a cornerstone of our global delivery model — combining expertise, technical excellence, and a deep commitment to quality.” He also added, “India’s exceptional talent and deep technology expertise align perfectly with Tenthpin’s mission to redefine how global Life Sciences organizations run their businesses. Together with our teams in Pune and Hyderabad, our Bengaluru team will be at the heart of co-creating intelligent, compliant, and transformative solutions. We are excited to expand an Innovation hub that not only delivers excellence but also fosters collaboration, creativity, and long-term value for our clients and partners by deliver high-value services and next-generation digital solutions to our life sciences clients worldwide.”

The Innovation Hub in Bengaluru will serve as a global hub for revolutionizing and further enhancing next-generation AI-based products and accelerators that help Life Sciences companies simplify complexity, ensure regulatory compliance and scale efficiently in a rapidly evolving digital ecosystem. This centre will also collaborate with local research institutions, universities, and industry partners to drive advancements of Life Sciences in India.

Speaking on the occasion, Mr. Michael Schmidt said, “Opening of our new office in Bengaluru marks an important milestone in Tenthpin’s global growth journey. As delivery headquarters of India, Bengaluru plays a pivotal role in delivering innovative, high-quality solutions for our Life Sciences clients around the world. With deep expertise in SAP Batch Release Hub (BRH), SAP Intelligent Clinical Supply Management (ICSM), and SAP Advanced Therapy Orchestration (ATO), and our own AI-powered, GxP-ready Tenthpin software solutions, this centre will strengthen our ability to accelerate digital transformation in the Life Sciences industry.”. He also stated, “Our team in India embodies our commitment to excellence, innovation, and partnership — ensuring that Tenthpin continues to set the global benchmark for SAP transformations and Life Sciences cloud solutions.”.

"We also aim to help Indian Life Sciences companies to become global leaders in innovation with the help of local talent," said Mr. Sachin Bhure "Bengaluru possesses world class talent pool and the augmentation of this talent and practitioners will help in the speed to market and innovation to great extent. We plan to expand our Bengaluru footprint and double the current team in next two years.” he added.

For more information, please visit https://tenthpin.com

About Tenthpin

Tenthpin is a global consulting and technology boutique for the Life Sciences industry. 16 out of top 20 global pharma companies work with us. Besides its presence across the globe, Tenthpin has 3 major delivery centres of excellence in India, at Hyderabad, Bengaluru and Pune. Their deep appreciation for regulatory compliances while implementing technology solutions for Life Sciences companies, make them a sought-after specialist by their customers. 

Tata Motors Announces Price Increase For Commercial Vehicles From October 2026

Tata Motors, India's largest commercial vehicle manufacturer, today announced a price increase of up to 1% on its range of commercial vehicles, effective 1 October 2026.

The revision is being taken to offset the rise in commodity and other input costs. The increase will differ depending on the model and variant.

About Tata Motors Ltd (Formerly TML Commercial Vehicles Ltd): Part of the USD 180 billion Tata Group, Tata Motors Ltd., (BSE: Scrip code 544569; NSE: Scrip code TMCV) is India’s largest and a globally renowned manufacturer of utility vehicles, pick-ups, trucks, and buses. With over eight decades of leadership in commercial mobility, the company is known for its innovation, reliability, and performance. Its advanced powertrains, connected technologies, and intelligent fleet solutions support a wide range of applications—from last-mile delivery to public transport while seamlessly driving the wheels of the nation’s economy. Guided by its brand promise Better Always, Tata Motors delivers future-ready solutions that enhance customer experience and drive sustainable growth. The company operates in India and South Korea, with a global presence across Africa, the Middle East, Latin America, Southeast Asia, and SAARC countries.

As per the Composite Scheme of Arrangement sanctioned by the Hon’ble National Company Law Tribunal, Mumbai Bench—amongst Tata Motors Limited, TML Commercial Vehicles Limited (the Company) and Tata Motors Passenger Vehicles Limited—the Company’s name was changed to Tata Motors Limited from TML Commercial Vehicles Limited (effective 29 October 2025), and its equity shares are listed on the BSE Ltd and the NSE Ltd. 

Zinnia Earns Dual Industry Recognition In India For Insurance Innovation

* “Back-to-back honours highlight the role Zinnia's India-based teams play in advancing insurance technology and digital transformation for carriers worldwide.”

Zinnia, a leading life and annuity technology company, today announced that it has received two industry recognitions for its work advancing insurance innovation and digital transformation.

At the Global BFSI Leadership Summit 2026, hosted by The Leadership Federation in Mumbai on July 30, Zinnia received the Digital Insurance Transformation Excellence Award. Josh Everett, CEO of Zinnia India, accepted the award on behalf of teams across the company.

At the Future of Insurance Summit & Awards 2026, hosted by UBS Forums in Mumbai on August 20, Zinnia was named Best InsurTech Partner of the Year. The recognition reflects Zinnia's work with insurers to modernize complex processes, connect distribution and servicing, and create better experiences across the insurance lifecycle.

"Insurance is built on promises that have to be kept over decades, and technology only matters when it makes those promises easier to keep. These recognitions belong to our teams, whose work is helping insurers modernize with greater speed and confidence and build simpler, more connected experiences for everyone the industry serves. We're grateful to the clients who trust us to help move the industry forward," said Josh Everett, CEO of Zinnia India.

For decades, insurers have run product, distribution and servicing on separate systems, forcing carriers to stitch together processes that should work as one. Zinnia's platform unifies those functions, giving carriers a single platform to reduce fragmentation and accelerate growth, while giving distributors and advisors the same data and the same view needed to deliver seamless experiences to consumers.

"These awards reflect the discipline our teams bring to execution every day. From building resilient systems, to closing the gap between design and delivery, and doing it at a scale few in the industry can match. This recognition is a reflection of that consistency, and of the people who make it possible," said Dhirendra Singh, Head of Global Operations, Zinnia.

The scale and depth of Zinnia’s India operations are increasingly shaping how we build and deliver technology for insurers worldwide, and these recognitions celebrate the teams driving that impact.

About Zinnia

Zinnia, an Eldridge business, simplifies the life and annuity industry by delivering comprehensive technology solutions for the industry's most critical needs. Zinnia is the technology and intelligence infrastructure powering the life and annuity industry, helping carriers operate more efficiently, distributors expand access, advisors build confidence, and consumers navigate financial protection and retirement with greater ease. Zinnia is also backed by funds managed by KKR and Vista Credit Partners, leading global investment firms. To learn more about Zinnia, please visit zinnia.com.

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EAAA, The Alternatives Arm Of Edelweiss, Scales Private Equity Strategy To ~ INR 2,500 Crore

* Discovery Fund I tracking 1.8x TVPI within four years of first close

* Partially Exited Fund I Portfolio companies – RentoMojo, Shadowfax and Kusumgar listed in 2026

EAAA, the alternatives arm of Edelweiss, today announced that its private equity strategy has scaled to ~INR 2,500 crore in fee-paying assets under management (FPAUM) across its Discovery Funds, marking a significant milestone.

The Discovery Strategy, comprising Edelweiss Discovery Fund I and Discovery Fund II, focuses on investing in mid-stage businesses that have demonstrated product-market fit and are entering their next phase of institutional growth.

Launched in 2022, Edelweiss Discovery Fund I built a portfolio of companies including Shadowfax, Kusumgar, RentoMojo, GIVA, Renee Cosmetics and ProcMart. The Fund is currently tracking at 1.8x TVPI (Total Value to Paid-in) within four years of its first close.

The portfolio has also begun generating liquidity events, with Shadowfax and Kusumgar successfully listing in 2026. Both investments have delivered significant value appreciation since investment. The Fund has already made its first distribution based on part-exits from these investments.

RentoMojo marks the third investment from Fund I to deliver a partial exit through capital markets. The current listed price indicates a 6.3x multiple on the investment.

Amit Agarwal, Chief Executive Officer, EAAA India Alternatives, said, “Capability before capital has been the cornerstone of our platform. Over the past four years, we have deliberately focused on building institutional capabilities — the right team, a rigorous investment discipline and a scalable platform — enabling us to create enduring value in the businesses we back and deliver long-term outcomes for our investors. The true measure of private equity lies not in the capital invested, but in the businesses built and the value created.”

Ashish Agarwal, Managing Director, Private Equity, EAAA India Alternatives, said, "We launched the Discovery Strategy to address a growing need for institutional growth capital among businesses that have already demonstrated strong unit economics and operational scale. The progress of Fund I and the response to Fund II reinforces the attractiveness of this opportunity set and our ability to identify and support the next generation of market-leading businesses."

Discovery Fund II, which has raised INR 1,300 crore so far from marquee investors, has already commenced deployment. The Fund marked its first investment by leading a INR 230 crore funding round in Arboreal Bio Innovations, an ingredients technology company focused on specialty food and nutraceutical ingredients. Discovery Fund II is targeting investments of approximately INR 200 crore per company.

With an FPAUM of ~INR 2,500 crore across two funds within four years, the Discovery Strategy has established itself as a differentiated growth-equity platform within EAAA, focused on partnering with high-quality businesses through their next phase of growth and value creation.

EAAA Alternatives is a diversified alternatives platform and comprises eight strategies including infrastructure, special situations, performing credit and commercial real estate. The portfolio across these strategies include 1.73 GW solar, 4,586 lane km of road, 3.1 mn sq.ft. office space and 1,835 circuit kms of transmission lines. The platform has also financed* 190 Investments with aggregate financing of ~INR 424bn across multiple sectors.

Note:

TVPI measures total fund value against the capital actually paid in by investors; MOIC measures the multiple generated against the capital invested

The 1.8x TVPI figure is as of June 30, 2026 and is not indicative of future performance. *Cumulative since inception till June 30, 2026; represents Private Credit vertical

FPAUM as of August 31, 2026

INR figures have been rounded to the nearest decimal

About EAAA Alternatives:

EAAA Alternatives is one of the leading alternatives platforms in India, with more than 15 years of experience of managing long term patient capital with a Fee-Paying Asset Under Management (FPAUM) of INR 48,623 crore, as of June 30, 2026. The platform operates a diversified, multi-strategy platform, in large, undertapped and fast-growing alternative asset classes, focusing on providing income and yield solutions across 8 core strategies to its global and domestic clients.

The wholly owned subsidiary, Sekura India Management Limited (“Sekura”), is part of the asset operating and management team and proficiently supports various business verticals, including operations, maintenance, monitoring, efficiency improvement, and turnaround management.