OTPless Elevates Satyam Nathani As CEO, Tanmay Sagar As COO

Identity and access management startup OTPless has elevated co-founders Satyam Nathani and Tanmay Sagar as Chief Executive Officer and Chief Operating Officer, respectively, as the company enters its next phase of growth.

Nathani and Sagar co-founded OTPless in 2023 and have since scaled the platform to more than 300 million users and ₹36 crore in annualised revenue, representing 2.5x growth over the previous year. Bengaluru based, 12-member startup has been profitable for the past two quarters.

Before founding OTPless, Nathani and Sagar dropped out of IIT Delhi and joined BharatPe as founding members, where they played key roles during the fintech giant’s early years and its journey to becoming a unicorn.

“I am super excited to see Satyam and Tanmay lead OTPless from the front into its next phase of innovation and growth. Over the decade, I have seen what they can do, and I can’t wait to see them build a world-class authentication, identity and payments company from India,” said Bhavik Koladiya, current CEO of OTPless.

“What lies ahead of us is both an opportunity and a responsibility to reimagine how people identify, authenticate and transact on the internet. I couldn’t be more excited to build on the strong foundation we have laid and lead OTPless through its next phase of transformation,” said Satyam Nathani, CEO of OTPless.

“Over the past four years, OTPless has grown into a platform serving some of India’s largest and most trusted enterprises, reaching nearly a third of India’s internet population with a team of just 12 people. As COO, my focus will remain simple: stay disciplined, move fast and continue building the execution-first culture that got us here,” said Tanmay Sagar.

“We are grateful to our customers, team, investors and well-wishers for their continued trust and support. We see this new mandate as both an opportunity and a responsibility,” Nathani and Sagar added.

About OTPless

OTPless is a Bengaluru-based identity and access management company that helps large consumer enterprises provide secure, seamless and scalable authentication experiences to their customers. Its platform offers SDKs and APIs for Silent Network Authentication (SNA), WhatsApp Authentication, Device Intelligence and Passkeys, helping businesses improve user conversion while reducing fraud.

The company authenticates more than 300 million mobile users on its platform and serves leading consumer enterprises including Meesho, Navi, PhysicsWallah, ShareChat, Shiprocket, ixigo and Zepto.

OTPless has raised $6.5 million from Venture Highway, White Venture, FJ Labs, SIDBI and Piper Serica, and is backed by prominent angel investors like Samir Sood, Kunal Shah, Amrish Rau, Jiten Gupta, Utsav Somani and Amit Jain.

Recent developments in India’s authentication ecosystem, including RBI’s new authentication framework and the adoption of Silent Network Authentication within the UPI ecosystem, are creating an opportunity to move transactions beyond OTPs, PINs and passwords towards more secure and seamless forms of authentication and authorization.

Google Trends Reveal Trending Modak Recipes

As festive celebrations fill the air, kitchens across India are buzzing with preparation, and people are turning to Google Search for all kinds of modak recipes. While traditional favourites like Ukadiche Modak, Kozhukattai, and Kudumulu continue to lead as undisputed favourites, home cooks are also looking for a wide variety of different flavours, ingredients, and mindful options.

Beyond the classics, data from Google Search highlights the top 8 modak recipes that have been constantly trending as we looked back at the past 5 years, capturing people’s attention:

Chocolate Modak: A decadent, cocoa-infused treat that adds a popular twist to festive platters. Oreo Modak also emerged as a highly searched favorite under this category.

Rasmalai Modak: A rich combination crafted with chhena, paneer, and malai for a royal mithai flavor.

Paan Modak: An aromatic, refreshing option filled with betel leaf flavors and sweet gulkand.

Kesar / Malai Modak: A luxurious sweet deeply infused with the rich warmth of saffron and malai.

Sugar-Free Modak: A mindful, wholesome alternative naturally sweetened using dates and dry fruits.

Kaju Modak: A smooth, melt-in-the-mouth preparation inspired by the classic kaju katli texture.

Besan Modak: A comforting favorite made from the rich aroma of roasted gram flour.

Talniche or Fried Modak: A golden, crispy, and flaky outer shell encasing a sweet coconut-jaggery filling.

Festive spirit with Google’s AI tools

Home cooks can use AI Mode in Search to find specific recipes tailored to their needs. For example, if you don't have a modak mould at home, the AI tool can guide you with smart follow-up questions and step-by-step instructions to shape them perfectly by hand.

To further elevate the festive spirit, users can turn to Gemini, powered by Nano Banana, to create beautiful modak images, customize festive looks, and design personalized digital greetings to share with loved ones everywhere.

Samsung Launches Samsung Innovation Campus 2026 In Karnataka To Build An AI-Ready Future

* To train 2000 students across the country

* Launched in presence of Shri Basavaraj Rayareddy, Hon’ble Minister for Higher Education, Government of Karnataka at Federation of Karnataka Chambers of Industry and Commerce (FKCCI)

* Participants will receive industry-relevant AI education, hands-on training, expert mentoring and practical learning opportunities

* Karnataka programme contributes to Samsung’s commitment to empower 20,000 youth across 10 states through Samsung Innovation Campus 2026

Samsung India today announced the launch of Samsung Innovation Campus (SIC) 2026 in Karnataka to train 2000 youth with industry-relevant Artificial Intelligence (AI) skills. The launch of the flagship global education and skilling programme was attended by Shri Basavaraj Rayareddy, Hon’ble Minister for Higher Education, Government of Karnataka, as Chief Guest along with senior academicians from Nrupathunga University, Bengaluru.

Launched in partnership with Nrupathunga University, Bengaluru, the programme supports Karnataka’s ambition to build an AI-native ecosystem by expanding access to practical AI education and helping develop a future-ready technology workforce. In Karnataka, the programme has trained over 3000 people to date.

Samsung Innovation Campus is a global education programme that empowers young people with skills for emerging technology careers. Now in its fourth year in India, SIC provides youth aged 18–25 with hands-on AI training, enabling participants to apply their learning to practical challenges while strengthening their career readiness.

The Karnataka launch comes as the state strengthens its focus on AI-led innovation. Samsung’s commitment to train 2,000 youth in the state this year will bring industry-relevant AI learning closer to aspiring students and contribute to the development of Karnataka’s technology talent pool. The initiative forms part of Samsung’s broader commitment to empower 20,000 youth across 10 states through SIC 2026.

“India has one of the world’s largest pools of young talent, and the opportunity before us is to equip this generation with the skills to shape an increasingly AI-driven economy. As technology transforms industries and creates new possibilities, building future-ready capabilities at scale will be critical to India’s next phase of growth. Through Samsung Innovation Campus, we want to help expand access to emerging technology skills and enable young people to become active contributors to India’s innovation economy. As Samsung marks 30 years in India, investing in the potential of young Indians remains an important part of our commitment to the country,” said Shubham Mukherjee, Head, Corporate Communications & CSR, Samsung South West Asia.

“With Artificial Intelligence transforming industries and creating new opportunities, developing a strong pool of skilled young talent will be critical to Karnataka’s continued leadership in technology and innovation. Samsung Innovation Campus complements the state’s efforts to build an AI-native ecosystem by giving youth access to practical, industry-relevant learning. Such collaborations between academia and industry can equip our students with the capabilities they need to participate meaningfully in the opportunities being created by emerging technologies,” said Shri Basavaraj Rayareddy, Hon’ble Minister for Higher Education, Government of Karnataka.

Strengthening India’s Future AI Talent

SIC 2026 is being implemented in collaboration with the Electronics Sector Skills Council of India (ESSCI) and the Telecom Sector Skill Council (TSSC). The programme focuses on industry-relevant AI and Generative AI education through structured learning, practical application and mentorship.

In 2025, SIC trained more than 20,000 participants across India, with women accounting for 48% of participation. The 2026 edition builds on this foundation by extending advanced technology education to more young people and helping develop skills relevant to India’s rapidly evolving digital economy.

Guided by its global CSR vision, “Together for Tomorrow! Enabling People,” Samsung India focuses its citizenship initiatives on Smart Education and Skilling Youth, providing young people with access to knowledge, skills and opportunities that can help them shape their future.

SIC forms part of Samsung’s wider efforts to strengthen India’s skilling and innovation ecosystem. Alongside Samsung Solve for Tomorrow, which enables young people to develop innovative solutions to real-world challenges, and Samsung DOST, which builds industry-ready skills for sales and technical service roles, the programme reflects Samsung’s long-term commitment to empowering India’s next generation through education, skills and technology.

Enerpac India Showcases Latest Industrial Solutions At Bauma CONEXPO INDIA 2026

* Enerpac’s showcase features new product launches, established industrial solutions and an interactive NPD Experience Zone.

Enerpac, a global leader in high pressure hydraulic tools, controlled force products and heavy lifting solutions is showcasing its latest industrial solutions at Bauma CONEXPO INDIA 2026, being held from September 15–18 at the India Expo Centre, Greater Noida. At Hall 16, Booth D01, the company is officially launching the LU Pump, Cribbing Rings and Toe Jacks, while also presenting a range of its established solutions and a dedicated New Product Development (NPD) Experience Zone.

The new products form part of Enerpac’s offering at the exhibition, with visitors able to explore the LU Pump, Cribbing Rings and Toe Jacks alongside the company’s wider range of solutions.
The showcase includes the EMV50S (E-Movers), Power Riser, hydraulic cylinders and pumps, torque wrenches and bolt tensioners, and flange alignment tools, highlighting the range of equipment and technologies Enerpac is presenting to customers and industry stakeholders at the event.

The dedicated NPD Experience Zone provides visitors with an interactive view of Enerpac’s latest innovations and product portfolio. It enables customers to explore new solutions in greater detail and engage directly with the company’s technology offerings.

Anindya Pal, Director, Enerpac India, said:“Bauma CONEXPO INDIA gives us an opportunity to bring our latest product developments and solutions together under one roof and engage directly with customers and industry stakeholders. We look forward to using the platform to exchange perspectives, demonstrate our capabilities and give visitors a closer look at the solutions we are developing for the industry.”

For more information, visit www.enerpac.com

About Enerpac India
Enerpac Tool Group, globally headquartered in Milwaukee, USA, brings together 115 years of global expertise and more than three decades of presence in India, headquartered in Bengaluru. The company is a leading provider of industrial tools, services, technology, and engineered solutions, supporting mission-critical applications across more than 100 countries through a network of over 800 distributors worldwide. Known globally for its leadership in high-pressure hydraulic tools, controlled-force products, and heavy-load positioning solutions, Enerpac Tool Group enables customers to carry out some of the world’s most complex and hazardous jobs with greater safety, precision, and efficiency.

ICICI Prudential Life Leads With Claim Settlement Ratio Of 99.31% In Q1-FY2027

ICICI Prudential Life Insurance has declared a claim settlement ratio of 99.31% for Q1-FY2027, the highest among top life insurance companies in India based on the public disclosures (Form L-39 and L-40). During the quarter, the Company settled individual death claims amounting to ₹414.08 crore. Notably, the Company’s average value per claim was ~₹15 lakh, the highest among the leading life insurers for Q1-FY2027.

Mr. Sarang Gokhale, Chief - Underwriting and Retail Claims, ICICI Prudential Life Insurance, said: “At ICICI Prudential Life, we are committed to making the claims process simple, seamless and timely for our customers and their families. In Q1-FY2027, our claim settlement ratio was highest in the industry at 99.31% and our average claim settlement turnaround time for non-investigated claims was just 1 day from last document received date. Besides, we settled ₹414.08 crore in death claims.

Our customer-first approach and strong focus towards digitalisation empowers us to settle claims quickly and provide timely financial relief when families need it the most. The claimants can lodge and track claims easily through our mobile app, WhatsApp, chatbot and website.

Under our ‘Claim for Sure’ initiative, we paid ~₹75 crore within one day for eligible claims. We continue to strengthen our digital processes, so families receive timely support when it matters most.”

Axis Bank And Cognizant Collaborate To Strengthen Application Management With AMS 2.0

* Automation-led operations to drive user experience, efficiency and productivity

Cognizant (NASDAQ: CTSH), a leading AI builder and technology services provider, and Axis Bank, one of the largest private sector banks in India, today announced the successful implementation and go-live of Cognizant’s Application Management Services (AMS) under Axis Bank’s AMS 2.0 initiative for the Bank’s stakeholders.

AMS 2.0 is a structured, jointly driven program designed to strengthen delivery governance, improve operational consistency and accelerate the adoption of automation across application support services. Built on automation-led practices, the model aims to enhance service reliability and cost efficiency while enabling productivity, scalability, and standardized processes, with a strong emphasis on governance, compliance and operational discipline.

Spearheaded by Axis Bank, the AMS 2.0 initiative forms a key pillar of the Bank’s broader technology transformation journey. The collaboration underscores Axis Bank’s strategic focus on building a scalable, resilient, and future-ready IT operating model, one that enables business growth, enhances system reliability and delivers a superior stakeholder experience across critical banking platforms.

Under a five-year agreement, Cognizant is working closely with Axis Bank to support systems across key business verticals, including Branch and Operations, Cards, Corporate Banking and Treasury, Core Platforms and Payments, Finance and Accounting, Retail and Wholesale Banking, Data Platforms and Integration.

Commenting on the collaboration, Avinash Raghavendra, Group Head - Information Technology & Retail Operations, Axis Bank, said, “The implementation of AMS 2.0 is part of Axis Bank’s efforts to build a more resilient, scalable, and automation enabled operations model. Cognizant has worked closely with the Bank during this transition to support a complex application environment. We look forward to collaborating with Cognizant for Application Management Services (AMS) to enhance operational effectiveness and support the Bank’s evolving business and technology needs."

Ganesh Ayyar, President – Asia Pacific & Japan, Cognizant, said, “We are pleased to collaborate with Axis Bank as part of its AMS 2.0 initiative. Our teams are focused on supporting the bank’s application management requirements through disciplined service delivery, governance-led operations and the responsible use of automation to improve run stability and efficiency."

About Axis Bank:

Axis Bank is one of the largest private sector banks in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture, and Retail Businesses. It has 6,295 domestic branches (including extension counters) and 12,564 ATMs and cash recyclers spread across the country as on 30th June 2026. The Bank’s Axis Virtual Centre is present across eight centres with 1,700 Virtual Relationship Managers as on 30th June 2026. The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge, Axis Pension Fund and Axis Bank Foundation.

For more information, visit the website: https://www.axis.bank.in

About Cognizant:

Cognizant (NASDAQ: CTSH) is an AI builder and technology services provider, building the bridge between AI investment and enterprise value by building full-stack AI solutions for our clients. Our deep industry, process and engineering expertise enables us to build an organization’s unique context into technology systems that amplify human potential, realize tangible returns and keep global enterprises ahead in a fast-changing world. See how at https://www.cognizant.ai/ or @cognizant.

Tata AIA Life Insurance Launches Shubh SIP, A Flexible Financial Solution Designed To Evolve Through Every Stage Of Life

* New unit-linked solution combines market-linked wealth creation, family protection and retirement planning within one long-term financial journey

Financial priorities evolve with life. An individual may begin by focusing on building wealth, later prioritise protecting a growing family and eventually look at creating a planned income stream for retirement. However, these changing needs are often managed through separate financial decisions, requiring individuals to revisit and rebuild their plans over time.

Recognising this need, Tata AIA Life Insurance, one of India’s leading private life insurers, has launched Tata AIA Shubh SIP, a unit-linked insurance plan (ULIP) designed to bring wealth creation, protection and retirement planning together within one flexible solution.

The plan enables individuals to build a market-linked corpus, strengthen financial protection for their families and plan systematic withdrawals during retirement allowing their financial journey to evolve as their priorities change, subject to applicable policy terms and conditions.

Tata AIA has also partnered with Policybazaar, one of India’s leading online insurance platforms, to make Tata AIA Shubh SIP available digitally to individuals seeking long-term financial solutions.

Commenting on the launch, Jeelani Basha, Chief Business Officer – Partnership Distribution and Group Business, Tata AIA Life Insurance, said, “Financial priorities do not remain constant throughout life. The need today may be wealth creation, tomorrow it may be protecting family responsibilities, and later it may be creating a steady income during retirement. With Tata AIA Shubh SIP, our aim was to bring these evolving needs together within one flexible solution, enabling individuals to continue their financial journey without having to start again at every stage of life.”

Designed around changing financial priorities

For individuals focused on long-term wealth creation, Tata AIA Shubh SIP provides access to market-linked investment opportunities, along with Loyalty Additions and Maturity Boosters, subject to applicable policy terms and conditions, to support disciplined long-term participation.

As responsibilities grow, the plan provides protection features designed to support family goals. Following the loss of an earning parent, immediate household expenses can take priority, leaving families with limited resources to continue investing for a child’s education or a spouse’s retirement. The Waiver of Premium benefit helps address this challenge by enabling future premiums to be funded under the policy following a covered event, allowing investments to continue without placing the premium payment burden on the family.

Tata AIA Shubh SIP further strengthens this protection through enhanced 1X,2X and 3X Waiver of Premium options. Depending on the option selected, the benefit provides for funding at two or three times the applicable premium under the policy’s terms. This increases the contributions towards the family’s future corpus at a time when its ability to invest may be constrained, helping support the financial goals envisioned by the policyholder.

For individuals approaching retirement, the Retirement/Whole Life option helps build a retirement corpus and provides the option to start an automatic Systematic Withdrawal Plan (SWP) from age 60. Individuals can choose withdrawals either as a fixed amount or as a percentage of the fund value, subject to applicable policy terms and conditions.

The plan also offers flexibility through partial withdrawals and an Automatic Partial Withdrawal Facility, helping individuals access their accumulated funds when required.

Extending financial planning to the family

Tata AIA Shubh SIP also provides flexibility in managing benefits for the family. Through Nominee Continuation Rights, nominees can continue managing the policy after the Life Assured’s death, including permitted fund switches, fund transfers and partial withdrawals, subject to applicable terms and conditions.

Commenting on the partnership, Vivek Jain, Chief Business Officer – Life Insurance, Policybazaar.com, said, “Individuals today are looking for financial solutions that address their diverse needs and aspirations across different life stages. Tata AIA Shubh SIP brings together wealth creation, protection and retirement planning within one proposition. The enhanced Waiver of Premium options, including 1X, 2X and 3X benefits, help keep long-term goals on track even in the policyholder’s absence. Through this partnership, we are pleased to offer individuals a digital platform to explore a solution designed for their long-term financial journey.”

Key Features of Tata AIA Shubh SIP

Market-linked wealth creation with Loyalty Additions and Maturity Boosters

Waiver of Premium benefits with 1X, 2X and 3X multipliers, depending on the option selected

Family Income Continuation Benefit for additional monthly income to dependents

Retirement/Whole Life option with automatic SWP from age 60

Flexible partial withdrawals and Automatic Partial Withdrawal Facility

Nominee Continuation Rights and Nominee Settlement Option over 15, 20, 25 or 30 years

About Tata AIA Shubh SIP

Tata AIA Shubh SIP is a unit-linked insurance plan designed to help individuals pursue multiple financial goals through one flexible solution.

From building wealth and protecting family aspirations to planning retirement income, the plan is designed to evolve with changing priorities across different stages of life.

About Tata AIA Life

Tata AIA Life Insurance Company Limited (Tata AIA) is a joint venture Company formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life `combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world, spanning 18 markets in the Asia Pacific region.

Tata AIA reported a total Premium Income of INR 38,164 crore for FY26, up 21% from FY25. The Company continues to rank among the Top 3 Private Insurers in Individual Weighted New Business Premium (IWNBP) with an IWNBP income of INR 10,018 crore. The Company also achieved industry-leading Persistency performance (based on both premiums and number of policies), ranking #1 in four out of five cohorts. For more information on Tata AIA Life’s product portfolio and retirement solutions, please visit www.tataaia.com.

About the Tata Group

Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising 30 companies across ten verticals.

The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust’.

In 2024-25, the revenue of Tata companies, taken together, was more than $180 billion. These companies collectively employ over 1 million people.

Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors. There are 26 publicly listed Tata enterprises with a combined market capitalisation of more than $328 billion as on March 31, 2025.

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR(1), Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR(2), and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$345 billion as of 31 December 2025.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 44 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock codes “1299” for HKD counter and “81299” for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol “AAGIY”.

Notes:

(1) Hong Kong SAR refers to the Hong Kong Special Administrative Region.

(2) Macau SAR refers to the Macau Special Administrative Region.