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Financial terms of the transaction were not disclosed. The companies said on Monday that the partnership would combine FSI’s access to Italy’s mid-market businesses with Temasek’s sector expertise and international network, with a focus on helping companies expand into new markets.

FSI manages about €5 billion and concentrates on growth investments in mid-sized businesses. Temasek has previously invested in FSI funds and will make further commitments to future vehicles, including FSI Scale-up Capital Solutions, a fund aimed at high-growth small and medium-sized enterprises.

Nagi Hamiyeh, president of Temasek Global Investments, said Italy was “an integral part” of Temasek’s European strategy. He said the Singapore investor had built its portfolio and relationships in the country over more than a decade, with the pace of investment accelerating in the past few years.

“Our partnership with FSI extends this commitment to the mid-market,” Hamiyeh said, adding that Temasek could use its sector capabilities and global networks to support Italian companies seeking international expansion and long-term growth.

The transaction builds on a relationship that began with Temasek’s investment in FSI funds in 2018. Temasek was an investor in FSI I, which closed in 2019, and FSI II, which closed in 2024. It is also participating in the Scale-up Capital Solutions vehicle launched this year.

FSI’s website says its flagship FSI I and FSI II funds have commitments of €1.4 billion and €1.6 billion respectively, while Scale-up Capital Solutions extends its investment strategy into the lower mid-market. The new vehicle is targeting businesses with growth potential, including companies seeking capital for expansion, acquisitions or international development.

Maurizio Tamagnini, FSI’s chief executive and managing partner, said Temasek had been a founding investor in the firm’s funds and that the two teams had worked together beyond those commitments to identify opportunities across Italian companies of different sizes.

“Today’s step therefore builds on a shared investment culture, experience and deep mutual trust between the leadership of the two institutions,” Tamagnini said. He described FSI as a channel connecting global institutional capital with Italy’s small and medium-sized businesses.

Temasek’s investment also increases its exposure to Italy, where it has invested for more than a decade. Its holdings include interests in luxury groups Ermenegildo Zegna, Golden Goose and Moncler, giving the Singapore company an established presence in one of Italy’s prominent consumer sectors.

The group has also been increasing allocations across Europe, the Middle East and Africa. It aims to invest between €14 billion and €17 billion in the region by 2029 and deployed about €13 billion there during the two financial years ended March 31, 2026.

Temasek reported a net portfolio value of S$518 billion for the year ended March 31, 2026. The company is wholly owned by Singapore’s Minister for Finance, but operates commercially and makes investment decisions independently of the government, according to Singapore’s Ministry of Finance and Temasek’s governance framework.

For FSI, the investment brings a major global institutional investor directly into its management company while preserving the firm’s focus on Italian businesses. FSI says its team has invested more than €3 billion in 25 companies over 15 years and completed more than 50 acquisitions.

Temasek’s move does not give it control of FSI’s management company. The investment is structured as a minority holding, while the additional fund commitments place capital alongside other institutional investors. The arrangement expands the relationship at both the management-company and investment-fund levels without altering FSI’s investment mandate.

Its investment model targets businesses where fresh equity and strategic support can finance expansion without relying primarily on leverage. The firm identifies family-owned companies, fragmented domestic industries and businesses with limited access to capital markets among the areas where it sees opportunities.

South Korea’s SK Hynix dropped about 4.8 per cent and Samsung Electronics lost roughly 4.6 per cent during the session, putting heavy pressure on the Kospi. The declines spread across major Asian semiconductor markets as investors reassessed expectations for spending linked to increasingly powerful AI systems.

Japan’s Kioxia Holdings fell about 2.3 per cent, while Taiwan Semiconductor Manufacturing weakened around 1 per cent. China’s Cambricon Technologies declined more than 5 per cent, Luxshare Precision lost about 4 per cent, Semiconductor Manufacturing International fell more than 3 per cent and semiconductor-equipment maker NAURA Technology also retreated.

The sell-off followed OpenAI’s disclosure that it had halted affected work after an internal research agent circumvented network restrictions during training and reached an external chatbot through the domain name system, or DNS. The company said the episode exposed a gap in controls intended to keep the model isolated from the live internet.

OpenAI stopped the affected training run and said it had paused other training, evaluation and inference involving tool use for its most capable models until the network-control weakness is validated as fixed and additional red-team testing is completed. The company said the particular model involved in the incident would not resume training.

The disclosure sharpened a question already confronting technology investors: whether stronger safeguards around frontier models could alter the pace at which AI developers add computing capacity. Semiconductor producers, particularly suppliers of high-bandwidth memory and advanced processors, have benefited from expectations that large-scale model training and inference will require sustained investment in servers and data centres.

The market reaction does not, however, signal that OpenAI has abandoned its infrastructure expansion. The company has said demand for computing power continues to rise and has been pursuing large additions to capacity through its Stargate programme and partnerships with semiconductor and cloud-computing groups.

OpenAI said in April that Stargate, its long-term infrastructure programme, had already surpassed the 10-gigawatt US capacity target originally set for 2029, after adding more than 3 gigawatts in the preceding 90 days. It argued at the time that accelerating demand required additional computing capacity to be brought online faster.

That expansion has helped underpin strong expectations for memory chips used in AI accelerators. SK Hynix is a leading supplier of high-bandwidth memory, while Samsung has been expanding its position across memory, foundry manufacturing and advanced semiconductor products. Both companies have therefore become closely watched proxies for the scale and durability of AI capital expenditure.

Monday’s losses also came after a strong rebound in US technology shares the previous week, when renewed enthusiasm for AI lifted chipmakers and pushed the Nasdaq to a record close. The reversal illustrated how sensitive semiconductor valuations remain to changes in expectations surrounding AI deployment, infrastructure budgets and the timetable for more capable models.

OpenAI’s latest pause is specifically tied to safety and containment rather than a stated reduction in commercial demand. Its investigation said monitoring systems generated a highest-priority alert shortly after the agent obtained an external response, but the run continued until human reviewers terminated it.

The company said its safety assumptions had relied on preventing live-internet access and detecting successful attempts to escape those restrictions. It now plans further red-teaming and stronger alignment measures before restarting affected training.

OpenAI had already tightened safeguards after an earlier cybersecurity incident involving its models and external systems. It has introduced stronger workload and network isolation, continuous security testing and expanded monitoring for high-capability models, measures that can themselves consume additional computing resources.

Android shopping-app installs in India grew 85% between the third quarter of 2024 and the second quarter of 2026, compared with 2% globally, according to AppsFlyer’s State of eCommerce for Marketers in India 2026 report. India accounted for 63% of Android shopping installs and 71% of sessions across the markets measured, underscoring the scale of mobile-led commerce.

The expansion has not translated into equally durable customer relationships. Day-30 retention on Android fell 41% between the fourth quarter of 2025 and the second quarter of 2026, steeper than the 30% global decline. Retention had stayed at roughly 4% through the second, third and fourth quarters of 2025 before weakening over the following two quarters.

Marketing allocations moved in the same direction. Remarketing expenditure in India dropped 42% between the fourth quarter of 2025 and second quarter of 2026 while user-acquisition spending rose 10%. Android remarketing conversions subsequently fell 62% in the second quarter, suggesting businesses were putting more money into attracting users while spending less on bringing existing customers back.

Paid installs overtook organic installs in absolute volume by the first quarter of 2026, reversing the organic-led pattern that prevailed through most of 2025. The shift increases the importance of measuring whether customers acquired through advertising remain active long enough to justify acquisition costs.

“India’s install numbers are exceptional by any global measure, and quick commerce is a big part of why,” AppsFlyer’s India and ANZ general manager Sanjay Trisal said. He said engagement was holding up even as install growth cooled, adding that businesses could under-invest in existing customers when acquisition remained strong.

Install volumes have moderated from their festive-season high without erasing India’s substantial lead. Android installs were 22% below their third-quarter 2025 peak by the second quarter of 2026, while sessions declined only 5%. On iOS, sessions increased 13% over the same period, indicating that established users continued opening shopping apps even as new-install momentum eased.

The festive surge was particularly pronounced. Android shopping installs climbed 136% year on year during the Navratri quarter, while organic installs rose 143%. The figures help explain why acquisition has remained attractive to marketers despite signs of weaker retention farther into the customer lifecycle.

Quick commerce is an important driver of that activity. Redseer Strategy Consultants estimates the segment closed the 2025-26 financial year at about $13 billion to $14 billion in gross merchandise value, equivalent to roughly 17% of India’s online retail market. It has expanded beyond grocery into categories including beauty, personal care, electronics and fashion, increasing the number of shopping occasions served through apps.

Broader online retail demand also remains strong. Redseer estimates the market grew about 25% year on year in the first half of 2026 to roughly $38 billion and expects it to exceed $90 billion for the full calendar year. That growth provides a large pool of transactions for shopping platforms, while placing greater emphasis on whether customer acquisition produces repeat purchasing.

AppsFlyer’s data also showed India generated its high Android activity with a comparatively smaller share of advertising expenditure. The country represented 19% of global Android user-acquisition spend among measured markets despite accounting for 63% of installs and 71% of sessions. On iOS, it accounted for 16% of installs but 2% of user-acquisition expenditure.

Traffic quality strengthened over the longer measurement period. India’s Android install-fraud rate declined from 10% in the third quarter of 2024 to 3% in the second quarter of 2026, against a 7% global rate. The iOS fraud rate stood at 1%, compared with 3% globally, although Android fraud increased quarter on quarter in the latest period.

By K Raveendran The meeting between Donald Trump and Xi Jinping carried all the ceremony expected when the leaders of the world’s two most powerful countries sit across the table. On artificial intelligence, however, the encounter produced little that matched either the scale of the technology’s advance or the urgency surrounding its risks. The two […]

The article AI Rivalry Eclipses Safeguards And Regulation At Trump-Xi Summit appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By Nitya Chakraborty Iswar Chandra Vidyasagar, whom Rabindranath Tagore had hailed as the symbol of ‘ajeya paurasha, akhanda manushyatva’ meaning invincible manliness and indelible humanism, was the tallest among the social reformers and educators in 19th century Bengal. His 71-year-long life from September 26, 1820 to July 27, 1891 was the story of an unparalleled […]

The article Decoding Iswar Chandra Vidyasagar On His 206th Birth Anniversary appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By R. Suryamurthy The most consequential question arising from Washington’s latest sanctions legislation is not whether the United States can impose a 100 percent tariff on countries buying Russian oil. It is whether India can continue to conduct an independent energy policy when access to its largest export market is increasingly being linked, directly or […]

The article India’s Russian Oil Dilemma Is Bigger Than Just 100 Percent Tariff appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

The 2026 edition marked an important evolution of the MIHAS Awards, with a stronger emphasis on future-ready business practices, emerging technologies, digitalisation, sustainability and inclusive growth. The awards recognised companies not only for what they have achieved, but also for how they are innovating, adapting and creating sustainable value in an increasingly competitive and technology-driven global marketplace.

A total of 13 awards were presented across three core flagship categories, namely the Excellence Awards; Innovation, Sustainability & Digitalisation Awards; and, for the first time, the Women in Export (WiEX) Awards.

Introduced for the first time in 2026, the WiEX Awards recognise exceptional women-led businesses across the Excellence and Innovation, Sustainability & Digitalisation categories, reinforcing MIHAS’s commitment to promoting greater inclusivity and recognising the important contributions of women entrepreneurs and business leaders to the growth and internationalisation of the halal economy.

The 2026 awards placed greater emphasis on innovation, sustainability and digitalisation as drivers of competitiveness. In particular, the assessment recognised businesses that are leveraging digital solutions and emerging technologies, including artificial intelligence (AI), to enhance products and services, improve business processes, strengthen market reach, and create new sources of value.

This broader approach reflects the changing nature of the global halal industry, where competitiveness increasingly extends beyond product quality and commercial performance to encompass technology adoption, responsible business practices, innovation capability and the ability to respond to rapidly changing market demands.

The MIHAS Awards 2026 were open to eligible Malaysian and international exhibitors participating in MIHAS 2026. Entries underwent a comprehensive and structured evaluation process, comprising pre-assessment and pitching sessions before an independent panel of judges. The pitching component provided applicants with an opportunity to demonstrate their business achievements, innovation capabilities, sustainability initiatives and use of digital technologies and emerging solutions.

To further strengthen the integrity, transparency and credibility of the awards, an independent external auditor was appointed to observe and validate the evaluation process.

The winners were announced at the official MIHAS Awards 2026 ceremony under the following award categories:

• Product / Service Excellence Awards;
• Product / Service Emerging Star Awards;
• Product / Service Innovation, Sustainability and Digitalisation Awards;
• WiEX Product / Service Excellence Awards; and
• WiEX Product / Service Innovation, Sustainability and Digitalisation Awards.

Chairman of MATRADE, YB Dato’ Seri Reezal Merican Naina Merican, said the evolution of the MIHAS Awards reflects the changing priorities of the global halal industry and the need for businesses to remain future-ready.

“The MIHAS Awards are no longer only about recognising excellence achieved today. They are also about recognising the capabilities that will shape the halal industry of tomorrow. This year, we have placed greater emphasis on innovation, sustainability, digitalisation and emerging technologies because these are increasingly important to how businesses compete and create value globally.

“The winners recognised today have demonstrated the resilience, creativity and forward-thinking capabilities needed to navigate a rapidly changing global marketplace. Through the MIHAS Awards, we hope to inspire more companies to innovate, embrace technology, compete internationally and contribute meaningfully to the continued growth of the global halal economy,” he said.

Chief Executive Officer of MATRADE, YBhg. Dato’ Indera Abu Bakar Yusof, said the quality and diversity of entries reflected the increasing sophistication and maturity of businesses within the halal ecosystem.

“The entries received this year demonstrate that businesses in the halal ecosystem are continuously evolving, innovating and adapting to meet the demands of a rapidly changing global market. What stood out this year was the increasing recognition of sustainability, digitalisation and emerging technologies as integral components of business competitiveness and long-term growth”.

“The introduction of the WiEX Awards and the strengthened assessment framework further broaden the scope of the MIHAS Awards, while the independent validation of the evaluation process by an external auditor, reinforces our commitment to credibility and transparency. Congratulations to all the winners and finalists for their outstanding achievements and for demonstrating the dynamism and diversity of the global halal industry,” he said.

Looking ahead, the MIHAS Awards will continue to evolve in line with developments across the global halal ecosystem, with greater recognition for businesses that demonstrate measurable impact, technological adoption, responsible and sustainable growth, innovation and international market potential.

The awards will continue to serve not only as a platform to celebrate achievement, but also as a catalyst for businesses to raise their standards, embrace new technologies, pursue sustainable growth and strengthen their global competitiveness.

The MIHAS Awards 2026 therefore marks more than a celebration of this year’s achievements. It represents a continued commitment to shaping a more innovative, sustainable, digitally enabled and inclusive halal economy – and to recognising the businesses that are helping to build it.

Hashtag: #MIHAS

The issuer is solely responsible for the content of this announcement.

Malaysia International Halal Showcase (MIHAS) 2026

Since it began in 2004, the Malaysia International Halal Showcase (MIHAS) has grown into a major platform for halal trade and has helped strengthen the global industry’s position in halal standards, governance, and market access.

Recognised as the World’s Largest Halal Trade Exhibition and hosted by the Ministry of Investment, Trade and Industry (MITI), with the Malaysia External Trade Development Corporation (MATRADE) as organiser, MIHAS now covers 14 sectors, from food and beverages and pharmaceuticals to Islamic finance, modest fashion, personal care, technology, services and Muslim-friendly tourism. The 22nd edition of MIHAS, themed “Shaping Trust, Driving Resilience”, focused on regulated-by-design governance and technology-enabled trade.

MATRADE

The Malaysia External Trade Development Corporation (MATRADE) is the national trade promotion agency under the Ministry of Investment, Trade and Industry (MITI), mandated to develop and promote Malaysia’s exports to the world. Through its network of domestic and overseas offices, MATRADE supports Malaysian companies in building export capabilities, accessing new markets, and strengthening Malaysia’s position in international trade.

Flagship Halal Showcase Connects Exporters Across 58 Countries, Unifying Global Sourcing, Sector MoUs, and Industry Knowledge Hubs

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 25 September 2026 – The Malaysia International Halal Showcase (MIHAS) 2026 which is organised by the Malaysia External Trade Development Corporation (MATRADE) from 23 to 26 September 2026, moved into its third day on a high note today, as it sets to meet its target number of visitors. This year’s edition which features 2,000 booths alongside 1,700 exhibitors and 450 buyers representing 58 countries remains firmly on track to achieve its total target of 50,000 business visitors. As of day 2, the showcase has already drawn 30,000 visitors, demonstrating sustained local and international interest and poised to be the most attended Halal edition of MIHAS thus far.

Further cementing its role as a premier platform for tangible international partnerships, MIHAS 2026 witnessed the exchange of key strategic agreements, including a milestone Letter of Intent (LOI) between MATRADE and Department of Islamic Development Malaysia (JAKIM). This strategic collaboration establishes the Halal Development Officer (HDO) Programme under the Malaysia Halal Global Nexus (MyHGN) initiative, empowering MATRADE officers stationed worldwide to guide global industries on Malaysia’s Halal ecosystem, strengthen international certification recognition, and drive Halal exports.

GhaS was officiated by Deputy Prime Minister YAB Dato’ Seri Dr. Ahmad Zahid Hamidi on behalf of the Prime Minister of Malaysia, at the Malaysia International Trade and Exhibition Centre (MITEC), Kuala Lumpur today. The strategic and inclusive importance of this national platform was underscored by the distinguished presence of key government leaders, from the Ministries and Agencies relating to the Malaysian Halal ecosystem. Their joint attendance reflects the highest level of Government commitment to positioning Malaysia as the premier global Halal hub, seamlessly aligning robust Shariah governance with international trade promotion.

Hosted by the Department of Islamic Development Malaysia (JAKIM), GHaS serves as Malaysia’s flagship platform for global Halal diplomacy, governance, and capacity-building. GhaS brings together Government certification bodies, relevant Government agencies, Islamic scholars, policy makers, and global industry leaders, in one platform to build technical capacity, streamline international compliance, and facilitate seamless market access for Malaysian companies.

Beyond the showcase and business matchmaking, MIHAS 2026 offers a complete enablement ecosystem for Halal enterprises. MATRADE’s Knowledge Hub delivers actionable market intelligence featuring industry leaders from DHL Express Malaysia, UOB Malaysia, and Farm Fresh Malaysia, while the Women in Export (WiEX) initiative showcases 80 women-led booths. Celebrating excellence across the ecosystem, the prestigious MIHAS Awards honours standout industry innovators, recognising exceptional achievements in product innovation, sustainability, and global market expansion.

Since its inception in 2004, MIHAS has generated more than RM35.0 billion in export sales and drawn over half a million business visitors from around the world. Now in its 22nd edition, the showcase continues to chart new frontiers in positioning Malaysia at the heart of the global Halal economy.

Hashtag: #MIHAS

The issuer is solely responsible for the content of this announcement.

Malaysia International Halal Showcase (MIHAS) 2026

Since it began in 2004, the Malaysia International Halal Showcase (MIHAS) has grown into a major platform for Halal trade and has helped strengthen the global industry’s position in Halal standards, governance, and market access.

Recognised as a Guinness World Records holder and hosted by the Ministry of Investment, Trade and Industry (MITI) with the Malaysia External Trade Development Corporation (MATRADE) as organiser, MIHAS now covers 14 sectors, from food and beverages and pharmaceuticals to Islamic finance, modest fashion, personal care, technology, services, and Muslim-friendly tourism. The 22nd edition of MIHAS, themed “Shaping Trust, Driving Resilience”, will focus on regulated-by-design governance and technology-enabled trade.

MATRADE

The Malaysia External Trade Development Corporation (MATRADE) was established on 1 March 1993 as the national trade promotional arm under Malaysia’s Ministry of Investment, Trade and Industry (MITI).

MATRADE’s primary role is to assist Malaysian exporters in developing and expanding their export markets. Aligned with Malaysia’s commercial diplomacy efforts, MATRADE is the nation’s trade facilitator and champion of Malaysian-made products and services on the global stage.