The third edition of IIT Mandi's annual two-day industry conclave - Himalayan Business Summit (HiBS) 2026 highlighted the transformative role of Artificial Intelligence (AI) in reshaping business models, leadership paradigms, and sustainable growth strategies in India. The summit provided students with valuable networking opportunities, mentorship, and insights into emerging business trends and strategies, sharpening their skills and preparing them for future leadership roles

The MSDE convened a major industry consultation in Pune as part of the rollout of the PM-SETU scheme. Prominent industry partners such as Mahindra, Tata Group, Tata Motors, Bharat Electronics, Godrej, and Fiat, among others, were present. Discussions focused on the hub-and-spoke ITI model, industry-led governance through Special Purpose Vehicles (SPVs), curriculum innovation, trainer upskilling, and strengthening employment outcomes.

Vivek Abrol will focus on driving profitable growth across the company's portfolio, advancing Luminous Power Technologies' evolution into an integrated consumer energy fulfilment platform, and accelerating the expansion of solar and sustainable energy solutions. His priorities include fostering innovation, leading digital transformation, and establishing a high-performance, inclusive, future-ready organisation to enhance customer experience and operational excellence.

Unicommerce's ‘Catalyst’ is aimed at recovering abandoned checkouts and improving conversions through real-time, human-like conversations. As India’s e-commerce and D2C market expands, abandoned checkouts continue to be a significant source of revenue leakage. Recent studies indicate that the global online shopping cart abandonment rate has grown from around 59% in 2006 to over 70% in 2025, offering brands an opportunity to recover lost sales and potentially increase revenue.

The launch event of Sovaaka, Dr. Lal PathLabs Limited's new-age Diagnostic Experience Centre in Gurugram, was graced by the Hon’ble Chief Minister of Haryana, Shri Nayab Singh Saini. Built on the philosophy of “Science Behind Wellness,” Sovaaka introduces a new standard in preventive and lifestyle healthcare. The centre brings together precision diagnostics, cutting-edge technology, and medical expertise to help individuals take proactive control of their health.

The MoU aims to drive innovation through joint programs, engagement with incubates, and industry partnerships, especially in high‑impact domains. This agreement establishes a scalable, structured yet flexible partnership between UST and IITMIC to identify high‑potential startups, provide them with mentorship and targeted funding, and systematically expand pilots and proof‑of‑concepts, form strategic collaborations, and create go-to-market opportunities.

Schneider Electric, a global energy technology leader, recently inaugurated its new office in Gurugram, Haryana, reaffirming its long-term commitment to India’s growth and innovation. The facility was inaugurated in the presence of Mr. Manish Pant, Executive Vice President – International Operations, Schneider Electric, Mr. Deepak Sharma, Zone President – Greater India, MD & CEO, Schneider Electric India, H E Mr. Thierry Mathou, Ambassador of France to India.

As part of the 3rd Australia–India Education and Skills Council (AIESC) Meeting in New Delhi, India and Australia convened a substantive bilateral dialogue to advance cooperation in skills development, workforce mobility, and the rapidly growing sports economy. The bilateral meeting was co-chaired by Shri Jayant Chaudhary, Minister of MSDE & Education, and Andrew Giles MP, Minister for Skills & Training, Commonwealth of Australia.

Eveready Industries India Ltd., India’s No. 1 battery and flashlight brand with a market share of over 50% in the battery category, launched Ultima Lithium range, which includes AA and AAA lithium batteries, specifically designed for today’s high-drain and tech-intensive devices. Eveready’s Ultima Lithium batteries last up to 15 times longer than regular alkaline batteries and come with an exceptional shelf life of up to 15 years.

Dangote Petroleum Refinery and Petrochemicals FZE has selected Honeywell to supply advanced technology, services, proprietary catalysts and equipment to help enable the refinery to process a wider range of crude and double the production capacity at Lekki, Nigeria by 2028. Dangote will leverage Honeywell’s refining and petrochemical processing solutions, which help customers reduce production costs, improve efficiency and increase throughput, to grow its refining capacity.

Cosmo First Limited, a leading global conglomerate into multiple businesses, has entered a strategic 50-50 joint venture with Filmax Corporation, a renowned South Korean films & chemicals company with strong local market equity. The new entity is set to jointly introduce and scale multiple business verticals of Cosmo First into the South Korean market and take Filmax products into the global market through the former’s various global arms.

Cosmo First Limited Q2 FY26 EBIDTA improved on the back of higher sales volume (25%) and improved performance of the speciality chemicals subsidiary. The EBIDTA could have been better but for the margin decline of BOPP and BOPET commodity films, high USA tariffs which could only be partially passed on to the customers and stabilisation costs for the newly commissioned film lines. PAT impact is muted due to increased depreciation and interest related to new capacities.

UST, a leading AI and technology transformation solutions company, has won two awards at the Indian CSR Awards 2025 in the categories of ‘Most Impactful Save Water Initiative of the Year’ and ‘Education, Health and Livelihood Initiatives for People with Disabilities (PWDs)’. This marks the fourth consecutive year that UST has been recognised at the Indian CSR Awards, underscoring the company’s long-term commitment to community-led, sustainable social impact. 

Unicommerce, India’s leading e-commerce enablement SaaS platform, launched UniCapture to help D2C brands and e-commerce sellers automatically record and link short, timestamped videos to each order along with the order/transaction ID during packing and return inspections. The solution is designed to help sellers in handling claims - replacing manual, inconsistent proofing with a seamless, automated process.

Smartworks Coworking Spaces Limited, India’s largest managed office platform by total area under management, has achieved a new milestone with the license of over 8,15,000 sq. ft. at Eastbridge, Mumbai — a marquee commercial development by Regalia Office Parks Private Limited, in Vikhroli (W). Eastbridge is the world’s largest managed office campus and the biggest - ever leased globally by a managed workspace provider, underscoring Smartworks’ category leadership.

The Consulate General of India in New York hosted a high-level roundtable titled “From Traction to Transaction: Bridging the Gap – Co-creating the Next Era of Innovation, Investment & Global Leadership,” bringing together senior policymakers, industry leaders, and academic experts from India and the United States to advance the next phase of bilateral cooperation in emerging technologies, investment, and talent exchange.

Luminous Power Technologies, India’s leading energy solutions company, showcased its latest portfolio of smart, clean, and connected energy solutions at the Renewable Energy India (REI) Expo 2025, from October 30 to November 1 at India Expo Mart, Greater Noida. Visitors can explore the complete range of products and technologies, engage with experts, and discover how these innovations are driving India’s transition towards a sustainable energy future.

ZOWIE, the dedicated esports performance brand by BenQ, is set to elevate the competitive gaming scene at AMD GameOn 2025, one of the country’s premier showcases celebrating the vibrant worlds of gaming, innovation, and competitive esports. The event, scheduled from 1-2 November, at the Novotel Hyderabad Convention Centre, will serve as a dynamic platform for partners to present their latest innovations, advanced hardware, and breakthrough technologies alongside AMD.

MMTC-PAMP, India's only London Bullion Market Association (LBMA) accredited Good Delivery gold & silver refiner, is enabling ease of access and quick delivery of its purest minted gold and silver products with leading quick commerce platform, Swiggy Instamart. Customers, through the Swiggy Instamart app, can avail MMTC-PAMP’s 24K minted gold products at 999.9+ purity such as Lotus Gold Coin (0.5 gm, 1 gm and 5 gm) and Lotus Gold Bar (2gm).

Siemens and Capgemini expand their strategic partnership to co-develop AI-native digital solutions for product engineering, manufacturing and operations. Such solutions fundamentally embed artificial intelligence at their core from inception, rather than merely adding it as a feature. The partners are focused on 16 high-impact capability areas that can deliver measurable outcomes in production efficiency, time-to-market, quality, sustainability, and beyond.