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Collaboration Provides Students Access To Xsolla’s Publishing Suite And Launcher, Bridging Academic Learning With Commercial Game Development Practices

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 14 July 2026 – Xsolla, a leading global video game commerce company, today announced the signing of a Memorandum of Understanding (MoU) with Management and Science University (MSU), one of Malaysia’s leading private universities, to strengthen collaboration between academia and the video games industry while providing students with access to professional publishing, monetization, and distribution technologies.

The partnership is designed to support knowledge exchange and talent development across game development, digital commerce, and game monetization. Through industry talks, guest lectures, best-practice sharing sessions, and collaborative educational initiatives, Xsolla and MSU will work together to provide students and faculty with direct exposure to current industry practices and commercial opportunities in the global games market.

As part of the collaboration, Xsolla will facilitate access to its end-to-end game commerce ecosystem across its payments, monetization and distribution platforms. Students will be able to integrate professional-grade publishing, monetization, payment, and distribution capabilities into their projects, helping bridge the gap between academic learning and commercial game development.

“Today’s game developers need more than technical skills; they need to understand the complete business of bringing games to market,” said Chris Hewish, President of Xsolla. “Our partnership with MSU gives students access to the technologies, workflows, and commercial infrastructure used throughout the industry, helping prepare the next generation of developers to successfully launch and grow their games on a global scale.”

MSU is recognized as one of Malaysia’s leading private universities and is ranked #597 in the QS World University Rankings 2026. Through strategic industry partnerships and experiential learning programs, the university continues to connect studios with real-world opportunities across Information Sciences, Engineering, Technology, and related disciplines.

In addition to educational initiatives, Xsolla will participate in selected MSU convocation activities by presenting industry awards to recognize outstanding graduates. Both organizations will continue to explore additional collaborative opportunities that support talent development, innovation, and growth within Malaysia’s interactive entertainment ecosystem.

To learn more about the MoU signing between Xsolla and Management and Science University (MSU), visit: https://xsolla.pro/MSU

Hashtag: #Xsolla #ManagementAndScienceUniversity #MSU

https://xsolla.com

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

About Xsolla

Xsolla is a global commerce company that builds and provides all the things developers need to launch, grow, and monetize video games. Headquartered in Los Angeles, California, the company supports studios of every size, from indie to AAA, with solutions across direct-to-consumer commerce, intelligent payments, entertainment-based IP, and player engagement products. Xsolla helps developers fund, distribute, market, and monetize their games at scale. Trusted by more than 60% of the top 100 highest-grossing games, Xsolla operates as the merchant of record across 200+ geographies with access to over 1,000+ local payment methods worldwide. Grounded in a deep belief in the future of gaming, Xsolla is resolute in bringing opportunities together and unlocking growth for creators everywhere.

As one of Thailand’s largest export markets for food products, the United States plays a strategic role in supporting the continued growth of Thailand’s food industry. Through the THAI SELECT Festival 2026, DITP aims to connect American consumers with authentic Thai cuisine while reinforcing the competitiveness of Thai restaurants and promoting greater demand for premium Thai ingredients and food products.

The Ministry of Commerce is deeply honoured that Her Royal Highness Princess Ubolratana Rajakanya Sirivadhana Barnavadi has graciously accepted the invitation to preside over the festival’s opening ceremony. Her participation underscores Thailand’s continued commitment to promoting authentic Thai cuisine and the THAI SELECT certification on the international stage.

Held under the theme “Thai SELECT Playground – Play with Thai Flavors,” the festival offers an immersive culinary experience where visitors can explore Thailand’s rich food culture through authentic flavours, regional specialties, cooking demonstrations, cultural showcases, and interactive activities. Inspired by the concept of a playground, the event encourages guests to discover the diversity, creativity, and craftsmanship that define Thai cuisine.

A major highlight of the festival will be signature dishes prepared by 15 THAI SELECT-certified restaurants from across New York, showcasing both traditional favourites and contemporary interpretations of authentic Thai cuisine. Visitors will also have opportunities to engage with Thai culinary traditions through hands-on cultural experiences and interactive exhibitions celebrating Thailand’s culinary heritage.

Internationally acclaimed Thai actors Mile Phakphum Romsaithong and Apo Nattawin Wattanagitiphat will make special appearances throughout the festival, participating in exclusive fan activities while helping introduce authentic Thai cuisine to broader international audiences. Their participation reflects Thailand’s integrated approach to promoting culture, entertainment, and gastronomy as complementary drivers of the country’s global soft power and creative economy.

The festival forms part of DITP’s broader strategy to strengthen the international competitiveness of Thailand’s food industry by increasing global awareness of the THAI SELECT certification, encouraging wider adoption of Thai ingredients by restaurants overseas, and creating new opportunities for Thai food exporters. By strengthening the international profile of authentic Thai cuisine, DITP continues to support sustainable growth across Thailand’s food value chain while reinforcing the country’s long-standing position as one of the world’s leading culinary destinations.

THAI SELECT is Thailand’s official certification mark awarded by the Ministry of Commerce to restaurants and food products that meet recognized standards of authentic Thai taste, quality, and culinary excellence. The certification serves as a trusted guide for consumers worldwide seeking genuine Thai dining experiences while supporting Thai businesses in international markets.

As Thailand continues to expand the global presence of its food industry, THAI SELECT Festival 2026 demonstrates how culinary diplomacy can generate tangible economic value by strengthening international consumer confidence, supporting Thai entrepreneurs overseas, and creating new opportunities for trade, investment, tourism, and long-term business partnerships between Thailand and the United States.

Hashtag: #DITP

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

• Supporting Asia‑Pacific’s transition from BS 476 to the more comprehensive EN 13501‑1 fire‑classification framework
• ArmaPrene™‑based insulation, including ArmaFlex® Ultima, achieves significantly lower smoke emissions to support safer evacuation and fire‑engineering compliance
• ArmaLive Experience Centre builds industry capability through product insights, demonstrations, audits and hands‑on installation training
• Active collaborations with industry partners and relevant public-sector bodies to help shape safer built environments
• Long‑term commitment to safer, more energy‑efficient buildings through technical guidance, training and regional knowledge‑sharing

SINGAPORE – Media OutReach Newswire – 14 July 2026 – Armacell, a global leader in flexible equipment insulation and engineered foams, deepens its collaboration with industry stakeholders across Asia‑Pacific to enhance energy efficiency, sustainability and fire‑safety standards in the built environment.

Central to this expanded engagement is the ArmaLive Experience Centre, which serves as a regional hub for training, technical insight and hands-on demonstrations. The centre is designed to support engineers, consultants, installers and regulatory professionals as they respond to increasingly performance‑based compliance requirements—particularly in the areas of sustainability, energy efficiency and fire safety.

Supporting Asia‑Pacific’s transition to modern fire‑safety standards

Across Asia-Pacific, regulators and industry professionals are steadily moving from legacy BS 476 classifications to the more comprehensive EN 13501‑1 fire-performance framework. This shift reflects a growing focus on smoke‑performance—an essential advancement, as smoke inhalation remains one of the leading causes of fatalities in building fires.

To support this transition, Armacell provides data‑driven guidance, technical resources and targeted training that help stakeholders interpret performance criteria, understand material behaviour and assess system-level implications under the newer standard. These efforts are designed to enable informed specification decisions and support safer fire-engineering outcomes across a wide range of building applications.

A prime example of Armacell’s material innovation is ArmaFlex Ultima, developed using the company’s patented ArmaPrene technology. Generating about ten times less smoke than conventional elastomeric insulation, ArmaFlex Ultima achieves Euroclass B‑s1,d0 performance, enabling specifiers and fire engineers to significantly enhance safety in critical areas such as escape routes, mechanical services and other high-risk building zones.

ArmaLive Experience Centre: Strengthening regional technical capability

Located in Singapore, the ArmaLive Experience Centre delivers an expanded programme of learning and engagement designed to strengthen technical capability across the Asia-Pacific region and raise material and installation standards. The Centre offers a range of practical and knowledge-based initiatives, including:

• Product insight sessions showcasing compliance performance, system reliability and application-specific considerations.
• Energy and acoustic audits to support sustainable mechanical design and operational optimisation.
• Hands‑on installation training to help installers improve workmanship quality, reduce system losses and meet fire-safety and performance requirements.
• Live demonstrations and scenario‑based workshops focused on insulation selection, fire‑performance criteria and correct installation techniques.

Together, these programmes foster closer collaboration among developers, engineers, consultants, contractors and regulators, deepening their understanding of how insulation solutions contribute to energy efficiency, acoustic performance and fire safety.

Driving industry standards through technical partnerships

Armacell works closely with professional associations, technical bodies and relevant public-sector organisations across Asia‑Pacific to help advance technical standards and support a safer, more sustainable built environment.

Through seminars, joint technical exchanges and shared learning initiatives, the company shares expertise in insulation selection, performance benchmarks and comparative material behaviour—strengthening compliance awareness and improving the quality of building design and system specification.

By combining advanced materials knowledge with sustained industry engagement, particularly through the ArmaLive Experience Centre, Armacell supports informed specification practices, builds regional capability and reinforces its long‑term commitment to safer, sustainable and more resilient buildings across Asia-Pacific.
Hashtag: #Armacell

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

About Armacell

As the inventor of flexible foam for equipment insulation and a leading provider of engineered foams, Armacell develops innovative and safe thermal and mechanical insulation solutions that create sustainable value for its customers. Armacell’s products significantly contribute to driving energy efficiency worldwide.

With more than 3,100 employees and 26 production plants in 20 countries, Armacell operates two main businesses, Advanced Insulation and Engineered Foams. Armacell focuses on insulation materials for technical equipment, high-performance foams for acoustic and lightweight applications, recycled PET products, next-generation aerogel technology and passive fire protection systems.

For more information, please visit: www.armacell.com

England completed a commanding nine-wicket win in Bristol on Thursday, taking an unassailable 3-0 lead in the five-match series. The opening match was abandoned without a result, leaving Harry Brook’s side with the chance to complete a 4-0 sweep in Southampton on Saturday and replace India at the head of the rankings.

India made 158 for seven after choosing to bat, with captain Shreyas Iyer carrying the innings through an unbeaten 80. England reached 159 for one in only 13.5 overs, finishing the chase with 37 balls unused as Brook and Phil Salt dismantled a bowling attack that struggled for control.

Brook struck an unbeaten 79 from 35 deliveries, while Salt made 59 not out from 42. Their unbroken 146-run partnership turned what could have been a competitive chase on a slow surface into a one-sided contest.

The result extended India’s sequence of defeats across Ireland and England. Their tour began with a 2-0 series loss in Belfast, where Ireland recorded their first men’s international victory over India before completing a clean sweep. England then won three completed matches in succession, exposing weaknesses in India’s batting, bowling and fielding.

The slide represents an abrupt reversal for a team that entered the tour as the leading side in the format after defending its T20 World Cup title. India’s depth, power-hitting and varied bowling attack had made it the standard-setter in international T20 cricket, but a reshaped squad has struggled to reproduce that authority in unfamiliar conditions.

Iyer’s innings in Bristol prevented a lower total, yet India failed to build partnerships around him. The captain arrived after the early loss of Abhishek Sharma and watched the middle order repeatedly surrender momentum. Vaibhav Sooryavanshi and Shivam Dube offered brief support, but England’s bowlers controlled the scoring rate and forced mistakes.

Jofra Archer led the attack with two wickets for 20 runs, combining pace with well-directed slower deliveries. England also fielded sharply, cutting off boundaries and converting pressure into dismissals as India failed to accelerate decisively during the closing overs.

Iyer acknowledged that 158 was below the total required and said India had fallen short in all three departments. His unbeaten effort offered evidence of personal form, but it also highlighted the dependence on one batter during a series in which the top order has been inconsistent.

England’s chase demonstrated the growing confidence within Brook’s side. An early wicket did little to interrupt their approach. Brook attacked the shorter boundaries while Salt maintained the tempo, ensuring India could not settle into defensive bowling patterns.

The hosts have won 19 of their 22 completed T20 internationals since Brook assumed the captaincy, a run built on aggressive batting, flexible selection and an increasingly effective pace group. Their victories against India have come through different routes, underlining the balance of the squad.

Jacob Bethell guided England through an early collapse in Manchester, scoring an unbeaten 76 as the hosts chased 191 with six balls remaining. At Trent Bridge, the pace attack dominated after England posted 201 for seven. India were dismissed for 76, suffering their heaviest defeat by runs in a T20 international.

Josh Tongue took four wickets in that match and Archer claimed three as India lost by 125 runs. Iyer described the batting display as unacceptable, but the response in Bristol was limited despite his own substantial contribution.

The tour has also intensified scrutiny of India’s transition under a new captain. Sooryavanshi became the youngest player to represent the country at senior level when he debuted at 15 in Manchester. His selection reflects an effort to prepare a new generation, although the decision to introduce inexperienced players during a demanding away campaign has increased the pressure on the established members of the squad.

Injuries have further disrupted India’s plans, with fast bowler Prasidh Krishna and all-rounder Washington Sundar among the players rotated into the side. The changes have complicated efforts to establish a settled combination and clear roles.

• Exclusive Co-Development: The partnership covers the exclusive supply and co-engineering of the IVECO URANIA and IVECO TUTELA ranges – the only fluids officially recommended by IVECO
• Network Support: PLI will strengthen support for IVECO’s European dealer network, driving customer value, reliability, and total cost-of-ownership (TCO) optimisation

TURIN, ITALY – Media OutReach Newswire – 9 July 2026 – IVECO, one of Europe’s leading commercial vehicle manufacturers, and PETRONAS Lubricants International (PLI) have officially renewed their long-standing strategic partnership for an additional five years. The agreement extends the partnership through 2032, reinforcing a collaboration that has driven innovation, performance, and sustainability in the commercial transport sector for more than 50 years.

The renewal ensures the continued supply and joint engineering of a comprehensive range of lubricants designed for commercial vehicles. From advanced engine oils to transmission fluids, brake fluids and coolants, PLI and IVECO will continue to formulate solutions specifically engineered to meet the demanding operational requirements of IVECO’s commercial vehicle portfolio across Europe.

A Legacy of Technical Excellence

This milestone reflects the sustained success of the co-branded IVECO URANIA engine oils and IVECO TUTELA technical fluids, developed through decades of joint R&D and a shared commitment to delivering high-performance, energy-efficient solutions that maximise vehicle uptime and extend component life. The ranges are also the only fluids recommended by IVECO.

The partnership’s rapid pace of innovation was recently highlighted by the launch of Urania Next 0W-16. This breakthrough –the first SAE 0W-16 engine oil developed specifically for heavy-duty applications – delivers exceptional fuel efficiency, reduced CO₂ emissions, and extended oil drain intervals. Furthermore, the formulation is Euro 7 ready, supporting improved efficiency and emissions performance for IVECO’s latest generation of engines.

Domenico Nucera, Chief Quality & Operations Officer, Iveco Group, commented, “The renewal of the agreement with PETRONAS Lubricants International confirms the strength of a long-standing collaboration built on shared technical expertise and a common ambition to continuously improve performance, efficiency, and sustainability across our vehicle and powertrain portfolio. Through the co-engineering of our IVECO URANIA and IVECO TUTELA ranges, we are able to deliver solutions that maximise vehicle uptime, optimise total cost of ownership, and support our customers and dealer network with the highest standards of quality and reliability.”

Driving Dealer and Customer Value

The renewed agreement also places a strategic focus on the IVECO dealer network. Beyond providing cutting-edge products, PLI will implement targeted initiatives aimed at strengthening dealer engagement and reinforcing customer awareness of IVECO’s officially approved lubricants. These initiatives are expected to support dealer business growth across European markets, while helping customers benefit from enhanced vehicle reliability and optimised total cost-of-ownership.

Domenico Ciaglia, Group Chief Strategy & Transformation Officer of PETRONAS Lubricants International (PLI), said: “This partnership renewal demonstrates what can be achieved through a long-term forward-thinking collaboration, with consistency, and a shared commitment to excellence. Through continuous product innovation, we have been able to co-develop market-leading solutions such as the Urania Next 0W-16 engine oil formulation, seamlessly integrated into IVECO’s ecosystem. This collaboration enables us to deliver greater value to the industry by combining our expertise and driving innovation together.

Looking ahead, PETRONAS Lubricants International remains fully committed to supporting the IVECO Group with forward integrated reliable, high-performance products and solutions that create lasting value for its network and customers.

This renewed collaboration further reinforces the foundation of PLI’s broader strategic roadmap, demonstrating how technical excellence and trusted partnerships can drive sustainable, long-term value internationally.”
Hashtag: #PETRONASLubricantsInternational #PLI #IVECO #industrial #lubricants #technology

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

PETRONAS Lubricants International (PLI)

PETRONAS Lubricants International (PLI) is the global lubricants manufacturing and marketing arm of PETRONAS, Malaysia’s dynamic global energy group. Established in 2008, PLI manufactures and markets a full range of high-quality automotive and industrial lubricant products in over 100 markets internationally. Headquartered in Kuala Lumpur, PLI also has offices around the world including Turin, Belo Horizonte, Beijing, and Chicago. PLI is the technical resource behind PETRONAS’ partnership with the Mercedes-AMG PETRONAS Formula One Team, responsible for the design, development and delivery of the Fluid Technology Solutions™, which includes customised lubricants, fuels and transmission fluids to power the Silver Arrows.

We are a progressive energy and solutions partner, enriching lives for a sustainable future. Our commitment remains to conduct and grow our business in ways that contribute positively to society and the environment.

PLI is driving an aggressive business growth agenda as one of the leading global lubricants companies at the forefront of the industry, providing custom-made solutions for every need. For more information, please visit www.pli-petronas.com.

The latest figure, based on a mark-to-market valuation of listed and unlisted holdings, showed a S$49 billion rise for the financial year ended 31 March 2026. The increase reflected stronger performance from Singapore-based portfolio companies, gains from divestments and a broader recovery in public market valuations. The portfolio has doubled over the past decade, underlining the scale of Temasek’s role as one of Asia’s most influential investment groups.

Temasek invested S$51 billion during the year and divested S$31 billion, resulting in a net investment of S$20 billion. Its one-year shareholder return stood at 10.5 per cent in Singapore dollar terms, while its 10-year return was 7.1 per cent. The 20-year return was 6.8 per cent, a measure closely watched because Temasek is designed to generate long-term returns for Singapore rather than chase short-term market gains.

Artificial intelligence has become a central plank of the company’s next phase of growth. AI-related investments now account for about 6 per cent of its portfolio, with plans to raise that exposure to 10-15 per cent by 31 March 2031. Temasek has already taken positions linked to leading AI companies including OpenAI and Anthropic, while also targeting the wider infrastructure needed to support the technology.

The strategy is not limited to model developers. Temasek is looking across the AI value chain, including semiconductors, cloud service providers, data centres, energy systems, foundation models and software infrastructure. That wider approach reflects a belief that the economics of AI will not be captured only by consumer-facing platforms, but also by companies supplying chips, computing power, storage, power capacity and enterprise software.

Chief executive Dilhan Pillay has described AI adoption as a pivotal phase in the digitisation trend that Temasek has followed for more than a decade. The company’s approach is expected to combine direct investments, listed equities and private market exposure, with a preference for flexibility at a time when valuations across parts of the AI sector remain elevated.

The stronger annual performance also comes after Temasek moved to sharpen accountability within its investment structure. From April 2026, its portfolio has been organised into three broad segments: Singapore-based portfolio companies, global direct investments, and partnerships and funds. The change is intended to improve execution and give clearer visibility on how different parts of the portfolio contribute to returns.

Singapore-based companies remain an anchor of Temasek’s holdings. These include major stakes in groups tied to finance, telecommunications, transport, logistics, infrastructure and real estate. Their performance helped lift the portfolio during the year, even as Temasek continued to diversify beyond its home market.

The company has also increased attention on private credit, an asset class that has expanded as banks have retreated from some forms of lending and institutional investors have sought higher-yielding alternatives. Private credit currently accounts for about 2 per cent of Temasek’s portfolio, with a target of 5 per cent by 2031. The allocation is expected to provide recurring cash yield and a different risk profile from the predominantly equity-heavy portfolio.

Sustainable living remains another major investment theme. Temasek’s sustainable living portfolio rose to S$49 billion as of 31 March 2026, supported by commitments in renewable energy, power grids and transition technologies. Its portfolio emissions remained at about 21 million tonnes of carbon dioxide equivalent, around 30 per cent below 2020 levels, though the company has signalled that rising electricity demand, higher capital costs and exposure to emissions-intensive businesses may complicate its 2030 reduction target.

Temasek’s global exposure continues to reflect a balance between Asia and developed markets. Its earlier vulnerability to China-linked volatility had weighed on returns, prompting a more disciplined approach to capital allocation and risk management. The latest numbers suggest that portfolio adjustments, divestments and stronger listed-market performance have helped restore momentum.

Coca-Cola Products Introduced Across All Subway Hong Kong and Macau Outlets Starting July

HONG KONG SAR – Media OutReach Newswire – 6 July 2026 – Swire Coca-Cola and Subway’s Hong Kong and Macau franchisee, Fu-Rui-Shi Hong Kong Corporate Development Limited, jointly announced the signing of a seven-and-a-half-year strategic partnership agreement. Starting in July 2026, all Subway stores and online platforms in Hong Kong and Macau will fully introduce beverages from under the Coca‑Cola portfolio , offering customers a more diverse and enhanced meal pairing experience.

Omnichannel Supply with Diverse Beverage Choices

Richard Gould, Director and General Manager of Swire Coca-Cola HK, said the company is pleased to form a long-term partnership with Subway. He noted that meaningful partnerships go beyond brand collaboration — they respond to consumer needs and enhance everyday experiences.

He added that the collaboration not only elevates the dining experience but also reflects our commitment to creating more relevant, refreshing and enjoyable meal occasions for consumers .

Richard Zhu, Chief Executive Officer of Subway China, also welcomed the collaboration, highlighting the combined strengths of both brands in delivering more diverse choices to consumers in Hong Kong and Macau.

Under the agreement, Subway outlets and online platforms in Hong Kong and Macau will offer a range of beverages from the Coca-Cola portfolio, including Coca-Cola, Sprite, Fanta, Schweppes, Authentic Tea House, Aquarius and more, along with pairing recommendations and upgrade options. Seasonal and limited-time promotions will also be introduced.

Driving Innovation to Enhance Consumer Experience

With 44 outlets across Hong Kong and Macau, this partnership combines the respective strengths of both companies to further enhance market competitiveness. Leveraging Coca-Cola’s strong brand portfolio and platforms such as Foodmarks and Coke+, the collaboration will enable more diversified partnership models.

Looking ahead, both parties aim to explore integrated promotions to drive bundled sales, as well as closer integration of physical stores and digital channels to boost consumer interaction and conversion, setting a new benchmark for cross-industry collaboration and sustainable growth. With customer experience at its core, the partnership aims to inject new energy into cross-sector collaboration within the local food and retail industry, creating long-term value for the Hong Kong and Macau markets and achieving a win-win-win outcome for brands, merchants and consumers.

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

The inaugural India–Mali Forum for the Promotion of Exports was held in Bamako under the theme “Reinforcing Trade and Strategic Partnerships”, bringing together senior officials, export agencies and about 30 business leaders from India. The two-day initiative marks an attempt to move commercial engagement beyond commodity flows and towards sector-specific projects in cotton, mining, energy, pharmaceuticals, agro-processing, health and education.

The forum was jointly organised by Mali’s Ministry of Industry and Trade, the Embassy of India in Bamako and the Malian Agency for the Promotion of Exports. It was presided over by Mali’s Transition Government Prime Minister, Major General Abdoulaye Maïga, with the delegation from India led by Amit Kumar, Joint Secretary for FT-Africa in the Department of Commerce. Dr N. Nandakumar, Ambassador of India to Mali, represented the mission through the proceedings.

Bilateral trade crossed $326.61 million in 2025–26, a 55 per cent increase over the previous financial year. Mali’s exports to India include raw cotton, finished leather, cashew, lead, gum arabic and sesame. India’s exports to Mali include pharmaceuticals, cotton fabrics, two-wheelers, three-wheelers and bicycles. Officials see the current trade base as narrow but expandable, particularly because Mali’s global exports stand at about $4 billion and its untapped export potential in the market of India is estimated at nearly $3.96 billion.

The Duty-Free Tariff Preference Scheme has been a central driver of trade growth, offering least developed countries preferential access to the market of India. For Mali, the scheme provides a policy opening at a time when Bamako is seeking to diversify export destinations and reduce dependence on raw commodity shipments. For New Delhi, the forum fits a wider push to deepen commercial links with Africa through trade facilitation, capacity building and private-sector participation.

Business-to-business, business-to-government and government-to-government meetings formed the operational core of the forum. Exhibition stands featured products from both countries, including tractors and vehicles manufactured by Sonalika, Mahindra and Tata Motors. The format was designed to connect firms with regulators, identify bankable projects and address procedural bottlenecks that often slow trade between developing markets.

Mali presented ready-made business plans to potential investors and placed emphasis on agro-industry, shea processing, mining-linked services, renewable energy and social infrastructure. The country is seeking more value addition in cotton and agricultural commodities rather than relying mainly on exports of raw or semi-processed products. Cotton remains a significant sector for Mali, while shea, sesame, cashew and gum arabic offer scope for processing, branding and direct export partnerships.

Pharmaceuticals emerged as another key area. Mali sought quicker registration of approved products from India, a move that could expand access to affordable medicines and medical supplies. Health and education infrastructure were also discussed as areas where companies and institutions could provide services, equipment and training support.

The mining dimension is more complex. Mali is one of Africa’s leading gold producers and is working to tighten oversight of its precious metals trade after identifying large gaps between declared exports and import data reported by partner countries. A new state entity has been created to centralise and regulate precious-substances flows, reflecting Bamako’s effort to capture more value from gold and reduce informal trade. Industrial mines export about 60 tonnes of gold annually, while artisanal mining employs nearly 2 million people across hundreds of sites.

Security remains a central concern for investors. Mali has faced instability and militant violence, and economic assets have been among the risks flagged by foreign governments and companies. Earlier this year, security concerns stalled participation by government-backed firms from India in a Russian-backed lithium exploration project in Mali. That episode underlined the challenge of matching mineral ambitions with investor confidence.

The share sale, opened to institutional investors this week, drew bids of about ₹380 billion, or roughly 3.8 times the base offer. The indicative price was set at ₹2,883 a share, below the regulatory floor price of ₹3,034.68 and at a discount to the stock’s previous close, reflecting the typical pricing structure used to secure large-block institutional participation.

The enlarged issue marks one of Adani Enterprises’ biggest equity-raising exercises since the group was hit by a market rout in 2023 following allegations by US short-seller Hindenburg Research. The conglomerate denied wrongdoing, and group companies have since rebuilt access to capital through a mix of equity, debt, asset recycling and strategic partnerships.

The strong response to the placement signals that institutional investors are again willing to back the group’s growth strategy, even as they continue to price in governance, leverage and execution risks. The investor book included global funds and domestic asset managers, with demand high enough for the company to lift the deal size by 50 per cent.

Adani Enterprises is the incubator of the group’s newer businesses. Its portfolio spans airports, roads, data centres, green hydrogen, mining services, defence, solar manufacturing and other infrastructure-linked ventures. The company has been central to the group’s plan to build large operating platforms before eventually listing or separating mature units.

The latest fundraising comes as the group accelerates capital spending across transport, energy transition and materials. Its airports business operates eight airports and is preparing for the opening of Navi Mumbai International Airport, a project expected to strengthen the group’s presence in aviation infrastructure. Data centres and green hydrogen remain capital-intensive bets that require long gestation funding and steady access to institutional capital.

The timing also follows Adani Enterprises’ rights issue of about ₹250 billion completed in late 2025, which was oversubscribed. That offer was used to support capital expenditure, debt repayment and shareholder loan obligations. The new placement gives the company additional flexibility at a time when infrastructure companies are competing for long-duration capital amid rising demand for logistics, power, digital infrastructure and manufacturing capacity.

The share sale is also significant because it reduces reliance on borrowings for the next leg of expansion. Equity funding can ease pressure on balance sheets and improve investor perception of leverage, particularly for companies pursuing several projects at once. At the same time, the discounted pricing means some dilution for existing shareholders, a common trade-off in large institutional placements.

Market reaction was measured. Adani Enterprises shares initially faced pressure after pricing details emerged but later stabilised, suggesting investors had largely anticipated a discount. The stock has recovered substantially from its 2023 lows, though it remains closely watched because of the group’s debt profile, promoter holdings and regulatory scrutiny around past allegations.

The company’s investment cycle has broadened further with plans linked to a major aluminium project in Odisha in partnership with Abu Dhabi’s International Holding Company. The proposed project, valued at about $11.5 billion, is expected to include bauxite mining, alumina refining, aluminium smelting and downstream capacity. The partnership underscores the group’s continuing effort to deepen industrial manufacturing alongside infrastructure.

IHC has been a notable backer of the group through periods of market volatility. Its involvement provides strategic weight to Adani’s expansion into metals, a sector that requires heavy upfront investment, access to raw materials, power security and strong execution discipline. Aluminium demand is being driven by transport, packaging, power transmission, construction and renewable energy infrastructure.

Adani Enterprises’ fundraising also fits a broader trend across the equity market, where companies have used qualified institutional placements to raise growth capital while valuations remain supportive. QIPs allow listed companies to place shares with large investors without the longer timelines associated with some other public offerings. For issuers, the format is faster; for institutions, it provides access to sizeable allocations in liquid companies.