BLAZO i-TRK By Mahindra: Setting New Standards For Profitable & Intelligent Trucking In India

* ‘Profit Ka Rocket’ – India’s First Heavy Commercial Vehicle which maximises earnings, improves productivity, reduces operating costs and enables greater control, altogether, intelligently

* Sets new benchmark for profitable & intelligent trucking with industry-first 48-hour Uptime Guarantee* and potential to deliver up to ₹15 lakh* additional profit per truck over five years

* India’s most intelligent truck with patented AI-enabled iFuelSmart Auto Drive mode that provides maximum fuel economy consistently.

* Entire range powered by Mahindra’s next-gen 320hp mPOWER engine optimized for best-in-class fuel economy and performance

* Available with the most intelligent - iMAXX 2.0 advanced fleet telematics solution that has features like remote ignition inhibit and AC usage control for fleet owners

Mahindra Truck and Bus, part of the Mahindra Group, today announced the launch of the all-new BLAZO i-TRK, a new generation Heavy Commercial Truck engineered around one singular promise to transporters and fleet owners - Profit Ka Rocket.

Purpose-built as a complete business solution rather than just a truck, the BLAZO i-TRK combines best-in-class fuel efficiency, high-performance powertrain, intelligent connected technologies and an industry-leading uptime guarantee. It enables customers to maximise earnings, improve productivity, reduce operating costs and exercise greater control over their fleet.

The BLAZO i-TRK has been engineered around three powerful customer assurances:

Earn More

Delivering up to 10% better fuel efficiency, the BLAZO i-TRK integrates advanced technologies including AI-powered iFUELSMART auto drive mode, TurboMAXX turbocharger, OptiFuel air compressor and multiple other hardware solutions and software innovations to extract maximum value from every drop of fuel. These cumulative savings can translate into up to ₹15 lakh* of additional profit per truck over five years, helping customers grow their business faster.

Run More

Powered by Mahindra’s trustworthy and best-in-class 320 HP mPOWER engine across the entire BLAZO i-TRK range, the truck delivers strong performance, higher reliability and greater productivity. Enhanced driver comfort – through the COMFiMAXX suspended seat, EzyCruise cruise control, Bluetooth enabled music system with mic for handsfree and safe communication, spacious, premium and ergonomic AC cabin – keeps drivers productive on long-haul operations, enabling fleets to complete more trips with greater efficiency.

Every BLAZO i-TRK is backed by Mahindra’s comprehensive service assurance programme designed to maximise vehicle availability and minimise operating costs. At its core is the industry-first 48-hour Uptime Guarantee*, under which customers receive ₹10,000 per day* if the vehicle is not put back on road within the committed timeline of 48 Hours*. This is supported by an expanding nationwide network of service centres and Mahindra Quick Service Points (mQSPs) located within 75 km on National Highways and 50 km on State Highways.

Further strengthening the proposition are Mahindra’s Parts Supply Guarantee*, which ensures 250 critical parts* availability across dealer network. If an eligible guaranteed part is not made available within the committed 24-hour period, the customer shall be entitled to receive the respective part free of cost*. It also offers a class-leading warranty on 100+ parts.

Control More

The BLAZO i-TRK comes equipped with iMAXX 2.0, Mahindra’s next-generation connected vehicle platform. It delivers real-time vehicle intelligence, predictive diagnostics, driver behaviour monitoring, service management and actionable business insights through an intuitive desktop and mobile interface. By enabling smarter decisions and proactive fleet management, iMAXX 2.0 helps customers improve operational efficiency while maximising profitability.

To provide more control in hands of our customers, with BLAZO i-TRK, customised and long term (6Y/6L / 8Y/8L) mCARE Annual Maintenance Contracts and Extended Warranty plans (6k-10k Hr for tippers) are now available– ensuring lower maintenance costs and greater peace of mind throughout the ownership journey.

The new Now24x7 mobile app puts complete control in the hands of fleet owners and transporters, delivering an end-to-end digital customer experience right on their phone. The app enables customers to raise, track and close breakdown assistance requests, view breakdown van location in real time, process digital approvals for repair orders faster, order spare parts directly, access complete service history in one place, and set appointments with reminders so no service interval is ever missed. By staying continuously connected with Mahindra through every interaction, Now24x7 app helps customers manage their fleets more efficiently, reduce downtime and remain always in control.

Together, these three assurances make the BLAZO i-TRK much more than a Heavy Commercial Vehicle. They create a complete profitability ecosystem engineered to help customers Earn More, Run More and Control More, delivering measurable business value throughout the ownership lifecycle.

The BLAZO i-TRK has been designed to combine bold road presence with functional engineering. Every design element has been developed to improve vehicle performance, durability and driver convenience while reinforcing Mahindra's modern Heavy Commercial Vehicle identity.

The Mahindra BLAZO i-TRK range comes in 3 colours and will be available across variants and applications.

INTELLICORE Design

The BLAZO i-TRK's design is the first expression of Mahindra's INTELLICORE design philosophy for its Heavy Commercial Vehicle range. At its core, INTELLICORE integrates professional intelligence and purpose into every aspect of the truck, ensuring that form and function come together to deliver a superior ownership and driving experience.

Every exterior and interior element has been thoughtfully designed to communicate capability while enhancing usability. The wide, commanding grille reflects power and performance, complemented by full-size, high-performance headlamps that reinforce the truck's bold road presence. Inside, the cabin has been conceived as a driver's office, centred around the driver with an intuitive and ergonomic layout that makes every task effortless and efficient. Completing the design language is the distinctive Skyline Blue body colour, reflecting the calm, confident and professional character of the BLAZO i-TRK.

The Mahindra BLAZO i-TRK range comes in 3 colours and will be available across variants and applications.

Commenting on the launch, Mr. Vinod Sahay, President – Trucks & Buses, Executive Chairman – SML Mahindra and Member of the Group Executive Board, Mahindra Group, said, "India's freight and logistics sector is entering a new phase of growth, where technology, reliability, and operational efficiency will define competitive advantage, and older concepts such as resale will not be relevant. Our ambition is not only to build better trucks but also to shape the future of commercial mobility through innovation and strong customer partnerships. The BLAZO i-TRK embodies this philosophy through intelligent trucking and is truly the ‘Profit Ka Rocket’, with the potential to increase profit up to ₹15 lakh* per truck over five years compared to other trucks in the industry. At the same time, it comes with an industry-first and unmatched uptime guarantee." 

Summit SIF Launches Summit Active Asset Allocator Long-Short Fund

* NFO Opens: 12 October 2026; Closes: 26 October 2026

Summit SIF today announced the launch of the Summit Active Asset Allocator Long-Short Fund (An interval investment strategy dynamically investing across equity, debt, equity and debt derivatives, InVITs and commodity derivatives, including limited short exposure on permitted instruments through derivatives).

Traditionally, arbitrage strategies have relied predominantly on opportunities arising from cash-futures spreads. However, as financial markets have evolved, opportunities can emerge across a wider set of instruments, asset classes and market situations.

Built around the philosophy of a multi-arbitrage approach, the Summit Active Asset Allocator Long-Short Fund seeks to combine multiple arbitrage opportunities within a single portfolio. While core arbitrage forms the foundation of the strategy, additional arbitrage opportunities across synthetic arbitrage, index arbitrage, commodity arbitrage and special situations seek to broaden the opportunity set.

The strategy is designed to capture available spreads while maintaining limited directional market exposure. By focusing on arbitrage opportunities rather than market forecasts, it seeks to offer investors a differentiated approach to deploying capital over a medium-term horizon. The strategy will be managed by Mr. Deepak Gupta and will be benchmarked to 40% Nifty 500 TRI + 40% CRISIL Short Term Bond Fund Index + 20% iCOMDEX Composite Index

Speaking at the launch, Mr. Deepak Gupta, Fund Manager, said, “Arbitrage is often viewed primarily through the lens of cash-futures spreads. However, pricing opportunities can emerge across different markets, instruments and situations. The SIF framework gives us a wider canvas to explore such arbitrage opportunities through synthetic futures, indices, commodities and special situations, alongside conventional arbitrage.

Our focus with the Summit Active Asset Allocator Long-Short Fund is to build a broader set of potential return drivers without making directional market calls the foundation of the strategy. Core arbitrage will anchor the portfolio, while we will selectively deploy complementary strategies where we see attractive spreads.

Equally important is risk discipline. We intend to pursue incremental return opportunities without taking disproportionate risk.”

The minimum investment amount during the NFO is ₹10,00,000/- and in multiples of ₹1/- thereafter. In case of Accredited investors, the minimum investment amount during the NFO is ₹1,00,000/- and in multiples of ₹1/- thereafter. For SIP investments, the minimum application amount is ₹1,000/- and in multiples of ₹1/- thereafter subject to maintaining investment threshold of ₹10,00,000 across all investment strategies of Summit SIF.

Subscriptions will be available daily at applicable NAV, while redemptions will be available twice a week, on Mondays and Wednesdays. In case Monday or Wednesday falls on a non-business day, then the immediately succeeding business day will be considered. The investment strategy will charge an exit load of 0.50% if units are redeemed or switched out on or before 30 days and 0.25% if units are redeemed or switched out after 30 days but on or before 60 days. No exit load will be charged if units are redeemed / switched out after 60 days.

The New Fund Offer (NFO) is open for subscription from today (October 12, 2026) and will close on October 26, 2026.

About Invesco Asset Management (India) Private Limited

Invesco Asset Management (India) is one of the leading asset management companies in India. With over ₹1,57,943 crore of average assets under management for quarter ending June 2026 across Mutual funds, PMS and Offshore Advisory, we serve investment needs of individual investors, corporates and institutions through mutual funds and sub-advised portfolios. Our expertise extends across equity, fixed income and alternative asset classes where we offer the complete range of funds designed to suit investment needs. IAMI’s aim is to provide top-class financial care, impeccable service and best-in-class investment products.

For more information, visit: www.invescomutualfund.com

About IndusInd International Holdings Limited

Originally versed in the banking sector, IndusInd has, over the years, invested in a wide range of financial services across several jurisdictions. With $2.65 billion net asset value, IIHL is dedicated to value creation for its global shareholders by maintaining this dynamic growth through ongoing investment and acquisition of high-value assets. IIHL’s vision is to be a Global Financial Services Institution with a commitment to excellence in international orientation, innovation, speed, and strict compliance with the principles of good corporate governance.

For more information, visit: www.indusindinternational.com

About Invesco Ltd.

Invesco is a global independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Our distinctive investment teams deliver a comprehensive range of active, passive and alternative investment capabilities. With offices in more than 20 countries, Invesco managed $2.2 trillion in assets on behalf of clients worldwide as of March 31, 2026.

For more information, visit: www.invesco.com/corporate

IBM And MeitY Startup Hub Sign MoU To Accelerate Deep-Tech Innovation And Startup Growth In India

* Collaboration complements IBM Ventures' engagements in India, connecting enterprise tech startups with technology, mentorship and growth opportunities.

* Supports startups across AI, hybrid cloud and quantum computing with access to enterprise technology, mentorship and commercialization opportunities.

IBM and MeitY Startup Hub (MSH), an initiative of the Ministry of Electronics and Information Technology (MeitY), Government of India, have signed a Memorandum of Understanding (MoU) with plans to accelerate India’s deep tech startup ecosystem by enabling startups with access to IBM’s technology expertise, mentorship, enterprise engagement opportunities, skilling programs, and ecosystem development initiatives.

The collaboration brings together MeitY Startup Hub’s nationwide innovation network and IBM’s enterprise AI, hybrid cloud and quantum computing expertise to help high potential startups build, validate and scale technologies for India and global markets. It complements IBM Ventures’ ongoing engagements in India by expanding pathways for enterprise technology startups to connect with customers, investors and industry experts.

Dr. Panneerselvam Madanagopal, CEO, MSH said, "India's startup ecosystem is emerging as a global engine for technology innovation. Through this collaboration with IBM, we aim to strengthen indigenous deep tech capabilities, foster technology-led entrepreneurship and create greater opportunity for innovators to build solutions that contribute to a Viksit Bharat."

As part of this collaboration, startups will get access to IBM’s portfolio of enterprise technologies and innovation platforms to solve business use cases. This includes technical guidance and enablement on technologies such as IBM watsonx, an enterprise ready AI and data platform; IBM Bob, an AI coding agent for enterprises; IBM Sovereign Core, an AI-ready software stack for digital sovereignty; technical orientation on IBM’s hybrid cloud, and quantum computing; and security and automation solutions.

Under the MoU, IBM and MSH will jointly explore initiatives that support startups across multiple stages of growth and across sectors such as banking, finance, government, industrial and more. The collaboration will focus on enterprise proof of concepts, sovereign AI innovation, open-source ecosystem development, founder mentorship, technical skilling and opportunities for startups to showcase their solutions to enterprises and investors. A key priority will be identifying and nurturing promising innovators from Tier 2 and Tier 3 cities, broadening access to India’s growing deep tech ecosystem.

“This collaboration reflects our shared commitment to fostering innovation and strengthening our country’s deep-tech startup ecosystem. These startups are playing a pivotal role in shaping the future of technology-led growth for India and the world,” said Sandip Patel, Managing Director, IBM India & South Asia. “Together with MeitY Startup Hub, we aim to help founders innovate faster, scale responsibly, and build solutions that address both national and global challenges – turning promising innovation into real-world impact.”

This MoU builds on IBM’s continued effort to support startups, entrepreneurship, and innovation in India. Over the years, IBM has worked closely with founders, developers, academic institutions, and ecosystem partners, to help startups with cutting-edge technologies, technical mentorship, and skills development opportunities. This includes engagements through IBM Ventures, which backs visionary founders building the next generation of enterprise technology through its capital-plus model, leveraging IBM's global reach and vast ecosystem of experts to help startups scale.

About IBM

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.  

20 Years With A ‘Bent Back’: Fortis Hospital Rajajinagar Corrects Severe 70-Degree Spinal Deformity In 60-Year-Old

* Patient walks independently the very next day after an eight-hour corrective spine surgery –

Fortis Hospital, Rajajinagar, has successfully treated a 60-year-old man who had been living with a severely bent back for nearly 20 years. The patient had a spinal curvature of more than 70 degrees, causing severe pain and making it difficult for him to walk and carry out everyday activities. His condition had worsened significantly over the past year following an old spine fracture. A multidisciplinary team led by Dr. Shreekantha K.S., Orthopaedic and Spine Surgeon, Fortis Hospital, Rajajinagar, performed an eight-hour surgery to correct the severe spinal deformity. Following the procedure, the patient was able to stand upright, perform his personal activities independently and walk the very next day.

The patient had ankylosing spondylitis, a condition that causes the spine to gradually become stiff and lose its flexibility. He had also suffered a fracture in the upper part of his spine following a fall, which was treated without surgery. Over the years, the combination of the underlying condition and the old fracture caused his back to bend progressively. Over the past year, he developed severe pain at the most curved part of his back and found it increasingly difficult to walk and perform routine activities.

Following a detailed evaluation, doctors decided that surgery was required to correct the fixed deformity. The team performed a Pedicle Subtraction Osteotomy (PSO), a complex procedure used to correct severe spinal curvature and bring the spine back into better alignment. The surgery lasted approximately eight hours, and involved carefully correcting and stabilizing the spine while continuously monitoring the nerves and spinal cord.

The patient's severe spinal curvature also made putting him under anaesthesia particularly challenging. His neck and spine had very limited movement, making it difficult to position him safely for the procedure. To address this, Dr. Naveen Gowda, Anaesthesiologist, Fortis Hospital, Rajajinagar, performed awake fibreoptic intubation, a technique that allows the breathing tube to be placed safely while the patient continues to breathe on his own and unnecessary movement of the spine is avoided. Following the surgery, the patient was observed in the ICU for approximately a day before being shifted to the ward. He began walking the next day and was able to perform his personal activities independently.

Speaking about the case, Dr. Shreekantha K.S., Orthopaedic and Spine Surgeon, Fortis Hospital, Rajajinagar, Bengaluru, said, “The patient had been living with a severe spinal deformity for nearly 20 years, which had significantly affected his mobility and everyday life. Correcting a fixed deformity of more than 70 degrees requires careful planning and precise surgery. Our objective was not only to correct the curvature but also to help him regain his independence and quality of life. It was particularly encouraging to see him stand upright and walk independently the very next day.”

Dr. Naveen Gowda, Anaesthesiologist, Fortis Hospital, Rajajinagar, said, “The severe curvature and stiffness of the patient’s spine made administration of anaesthesia particularly challenging. His neck movement was also restricted, making conventional placement of the breathing tube difficult. We therefore used awake fibreoptic intubation, which allowed us to safely manage his airway while minimising movement of his spine. Close coordination between the surgical, anaesthesia and critical care teams was important in ensuring a safe outcome.”

The patient said, “For almost 20 years, I had become used to living with my back bent and found it difficult to do many simple things that people normally take for granted. The pain and difficulty in walking had gradually become a part of my everyday life. After the surgery, being able to stand straight and walk on my own the very next day was something I never expected so soon. Being able to look straight at people again and do my daily activities independently has given me a sense of freedom that I had almost forgotten. I am extremely grateful to Dr. Shreekantha and the entire team at Fortis Hospital Rajajinagar for their care, expertise and support throughout my treatment.”

Ms. Hansa Shashank, Facility Director, Fortis Hospital, Rajajinagar, said, “This was a challenging case that required expertise and close coordination across multiple teams. The outcome demonstrates what is possible when specialised surgical care, anaesthesia and critical care work together. At Fortis Rajajinagar, we remain committed to providing advanced care that helps patients regain mobility, independence and a better quality of life.”

Fastrack Perfumes Taps Into Gen Z’s Sweet Tooth Obsession For Its New Gourmand Fragrance Range

* With Pratibha Ranta bringing its playful spirit to life, the new collection features Sunday Tiramisu, Berries with Bestie, Midnight Vanilla and Hazelnut Holidays

For Gen Z, fragrance is becoming more than a scent, it is a way to capture a feeling, a moment, a memory or even a craving. Tapping into this playful, sensory relationship with fragrance, Fastrack Perfumes introduces its new gourmand collection, Deliciously Addictive-four dessert-inspired fragrances that turn familiar indulgences into scents you can wear.

Featuring Sunday Tiramisu, Berries with Bestie, Midnight Vanilla and Hazelnut Holidays, the collection takes inspiration from the little indulgences that are hard to resist. From slow Sundays and sweet treats to late-night cravings and cherished moments with your best friend. With playful names and deliciously evocative notes, Fastrack brings a fresh, expressive take to gourmand fragrances-made for a generation that likes its scents as memorable as its moments.

Speaking about the launch, Mr. Manish Gupta, CEO, Fragrances & Accessories Division, Titan Company Ltd. said, “Fragrance is evolving from a category built around traditional scent families to one increasingly driven by discovery, self-expression and experience. We are seeing growing interest in gourmand profiles globally, with food-inspired notes becoming an increasingly visible part of fragrance innovation. This is particularly relevant as younger consumers explore scents that feel distinctive, relatable and reflective of their personalities. With the new collection, Fastrack Perfumes is embracing that shift through playful storytelling and food-inspired olfactory profiles, bringing a fresh, youthful take to gourmand fragrance. Pratibha Ranta embodies the spontaneous and vivacious spirit of the collection, bringing this contemporary and playful approach to life.”

The Gourmand collection taps into the growing interest in gourmand fragrances among younger consumers, particularly Gen Z, as food-inspired notes increasingly find a place in the way people explore and express themselves.

Speaking about the film, Pratibha Ranta said, “Fastrack Perfumes has taken such a fun approach to fragrance with this collection. I loved the idea of connecting scents with some of our favourite indulgences and making them feel almost tangible. The film captures that playful sense of temptation really well, and it was exciting to be part of something that makes experiencing fragrance feel so fresh and unexpected.”

Sunday Tiramisu captures the irresistible comfort of a favourite Italian dessert, with the warm sweetness of brown sugar, the nutty richness of toasted hazelnut and the deep, indulgent aroma of roasted coffee coming together in a deliciously comforting blend. Berries with Bestie is bright, juicy and playful, bursting with ripe strawberry and tangy blackcurrant, softened by creamy vanilla crème and finished with the luscious sweetness of cherry butter, like opening a box of your favourite treats to share with your best friend. Midnight Vanilla takes you into a richer, more intriguing world, where crisp red apple and delicate rose meet the warmth of black tea, before melting into a smooth trail of black vanilla, honey and patchouli. Hazelnut Holidays evokes the cozy anticipation of something freshly baked, combining toasted hazelnut and a delicate touch of sea salt with clouds of whipped cream, warm tonka and the irresistible sweetness of vanilla waffle.

The collection invites consumers to choose their scent the way they might choose their next craving, instinctively and emotionally. Priced at INR 895, the collection will be available across major e-commerce platforms and beauty outlets.

Citi And Credendo Announce Landmark USD 328 Million Financing For IndiGo’s Eight Airbus Aircraft

* Transaction marks the world’s first-ever Credendo-insured aviation financing and first Export Credit Agency (ECA)-backed aircraft financing structured through GIFT IFSC, in line with Government of India’s vision to make India a global aircraft leasing hub

Citi and Credendo, Belgium’s export credit agency, today announced the successful closing of a USD 328 million financing for eight Airbus aircraft (six A321s and two A320s) for IndiGo, India’s largest airline by network and fleet size and one of the fastest growing carriers in the world. Under the structure, Citi acted as Sole Mandated Arranger, ECA Coordinator and Sole Lender, with the financing backed by Credendo’s credit insurance.

Executed through IndiGo’s subsidiary, InterGlobe Aviation Financial Services IFSC Private Limited, the transaction marks the first-ever Credendo-insured aviation financing globally and the first ECA-backed aircraft financing through a GIFT IFSC leasing structure, setting an important milestone in India in aviation finance.

The bespoke financing solution was jointly conceptualized, structured and developed by Citi and Credendo in close partnership with IndiGo and Airbus, leveraging Citi’s market-leading expertise in ECA structuring and aviation finance together with Credendo’s credit insurance capabilities to deliver a tailored funding solution that supports IndiGo’s ambitious fleet expansion plans through the GIFT IFSC platform. Airbus played a key role in supporting this pioneering financing, working closely with Citi, Credendo and IndiGo throughout the process. The transaction further underscores Airbus' commitment to developing innovative financing solutions that enhance funding access and support the growth ambitions of its airline customers.

This landmark transaction reflects the growing importance of access to innovative international capital and export credit support in meeting the financing needs of India's rapidly expanding aviation sector and reinforcing its position as a global aviation hub. For IndiGo, the facility provides a competitive and diversified source of long-term funding for fleet and network growth. It also demonstrates the strong collaboration between Citi, Credendo, IndiGo and Airbus in delivering a first-of-its-kind financing and broadening the range of funding solutions available to the Indian aviation market.

K Balasubramanian, India CEO and Banking Head and Indian Subcontinent Sub-Cluster Head, Citi, commented: “The Government of India has made aircraft leasing through GIFT City a clear policy priority, and the incentives introduced have helped position India as an attractive destination for aircraft leasing. This transaction is a strong example of that vision in action. By combining Citi’s cross-border aviation and ECA financing expertise with Credendo’s credit insurance and IndiGo’s GIFT IFSC platform, we have delivered a first-of-its-kind solution that opens a vital new pathway connecting Indian aviation with the deep pool of ECA-backed international liquidity and supports the next phase of India’s aviation growth. Citi is proud to have led this landmark facility as Sole Mandated Lead Arranger, ECA Coordinator and Sole Lender. We also thank Airbus for its partnership and support in making this transaction possible.”

Frank Vanwingh, Group Deputy CEO, Vice Chairman of the Executive Committee, Credendo – Export Credit Agency stated: “This transaction is a significant milestone for Credendo and the first step in a broader initiative aimed at enhancing support for the Belgian aviation industry. As our inaugural aircraft finance transaction, it demonstrates our ambition to become a long-term partner for Belgian aviation stakeholders seeking access to international opportunities and innovative financing structures. The transaction also showcases the value that Belgian export credit support can bring to the aviation sector through bespoke risk mitigation solutions. We are proud to have worked alongside Airbus, Citi and IndiGo in delivering this landmark transaction through GIFT IFSC and look forward to supporting further aviation finance projects worldwide.”

Riyaz Peermohamed, Chief Aircraft Acquisition & Financing Officer, IndiGo said, “We are pleased to partner with Citi, Credendo and Airbus on this landmark financing, which offers IndiGo a competitive source of liquidity for our growing Airbus fleet. The transaction demonstrates the potential of GIFT IFSC to bring together international banks and export credit agencies and create innovative financing solutions for Indian aviation.”

About Citi

Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals with a broad range of financial products and services.

Additional information may be found at www.citigroup.com | X: @Citi | LinkedIn: www.linkedin.com/company/citi |

YouTube: www.youtube.com/citi | Facebook: www.facebook.com/citi

About Credendo

Present across the European continent and active in all segments of trade credit insurance, Credendo provides a range of products that cover risks worldwide: Belgian export credit agency services, whole turnover short-term credit insurance covering European and non-European risks, single risk, excess of loss, top up, financing solutions, surety and reinsurance. In 2025 Credendo insured international trade worth 91 billion euros and earned 438 million euros in premium income. Credendo is the fourth largest credit insurance group in Europe.

For more information, visit www.credendo.com.

About IndiGo

IndiGo is India’s preferred and amongst the fastest growing carriers in the world. IndiGo has a simple philosophy: offer fares that are affordable, flights that are on time, and provide a courteous and hassle-free travel experience across its unparalleled network. With its fleet of 430+ aircraft, the airline operates nearly 2200 daily flights, connecting 95+ domestic and 40+ international destinations, and welcomed more than 123 million customers in FY26. IndiGo was recognised as the ‘Best Low-Cost Airline in India & South Asia’ at the 2026 Skytrax World Airline Awards, while also earning accolades for ‘Best Cabin Crew in India & South Asia’ and being named the ‘Cleanest Airline in India & South Asia’. IndiGo was also named the sixth Most Punctual Airline in Asia-Pacific in 2025 by the global aviation analytics firm, Cirium.

For more information, please visit http://www.goindigo.in/ or download our mobile app.
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About Airbus

Airbus pioneers sustainable aerospace for a safe and united world. The Company constantly innovates to provide efficient and technologically-advanced solutions in aerospace, defence, and connected services. In commercial aircraft, Airbus designs and manufactures modern and fuel-efficient airliners and associated services. Airbus is also a European leader in space systems, defence and security. In helicopters, Airbus provides efficient civil and military rotorcraft solutions and services worldwide.

V-Guard’s Diwali Dhamaka Sale 2026 Brings Discounts Of Up To 63% On Select Products

V-Guard Industries Limited, one of India’s leading consumer electrical and electronics brands, has announced its Diwali Dhamaka Sale 2026, running from October 8 to November 10, 2026, on the V-Guard website. The sale offers discounts of up to 63% on select products across key categories, including voltage stabilizers, water heaters, inverters and battery combos.

Sale Highlights

Sale Duration: October 8 to November 10, 2026

Discounts: Up to 63% off on select products

Payment Offers: Additional 1% discount on UPI and credit card payments

EMI Benefits: No-Cost EMI options and a 10% instant discount, up to ₹3,000, on eligible credit card EMI transactions through HSBC, BOB Card, Federal Bank + HDFC Bank.

The sale includes deals on select voltage stabilizers, including the Voltino Grand Digi Plus, Elegna 750, iD4 Ace 5540 AC and Duralis 1000 Mainline. Shoppers can also explore water heaters such as the Zio 5L Instant, Zio 15L and Luxecube Avo Smart 25L, along with inverter-battery combos including the 1150 Pure Sine Wave Inverter with VT 220 Battery and the Smart Pro 1200 S Solar Inverter with VT 160 P Battery. In small kitchen appliances, the range includes the VIRC 04 2200 W Electric Infrared Cooktop and the V-Guard Citius 750-Watt Juicer Mixer Grinder.

In addition to discounts of up to 63% on select products, customers can avail an additional 1% discount on UPI and credit card payments, along with No-Cost EMI options on eligible purchases.

Customers using credit card EMI transactions through HSBC, BOB Card and Federal Bank can also avail a 10% instant discount of up to ₹3,000, subject to applicable terms and conditions.

The Diwali Dhamaka Sale offers customers an opportunity to explore V-Guard’s range of consumer electrical products and avail festive savings through the brand’s D2C website.

Offers are applicable on select products. Terms and conditions apply.

About V-Guard Industries Ltd.

V-Guard Industries Limited is India’s leading consumer electrical and electronics major based in Kochi. A publicly listed entity, the company recorded revenues of Rs 5577.82 crores in FY 2025 and is present across the country with 35 branches and over 1,00,000 channel partners. Founded in 1977 by Mr Kochouseph Chittilappilly to manufacture and market Voltage stabilizers, it has now become a force to reckon with in the Indian electric and electronic goods panorama. The company, in the last 49 years, has established a strong brand name and aggressively diversified into a multi-product company with a portfolio including Voltage stabilizers, Inverter & Inverter Batteries, Electric Water Heaters, Solar Water Heaters, Pumps & Motors, Domestic Switchgears, Wires & Cables, Fans, Modular Switches, Air Coolers and Kitchen Appliances. V-Guard not only exhibits market leadership in India in several categories but also product leadership through launching several ‘industry-first’ smart products such as Intelligent & Smart Water Heaters, Smart Inverters, Smart fans with LED lights and several other innovative and aesthetically superior designs in various product categories.