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Shares of Parle Industries hit their 5 per cent upper circuit on the BSE after a viral exchange between Prime Minister Narendra Modi and Italy’s Prime Minister Giorgia Meloni triggered a wave of retail interest in a company with no link to the sweet at the centre of the episode.

The stock rose to ₹5.25 on Wednesday as traders reacted to online chatter around Modi gifting Meloni a packet of Melody toffees during his visit to Rome. The moment spread quickly after Meloni posted a video thanking him for the gift, with the two leaders smiling as the confectionery was shown to the camera. Meloni called it a “very, very good toffee”, feeding a social-media burst around the long-running “Melodi” meme built from the two leaders’ surnames.

The market reaction, however, appeared to rest on a misunderstanding. Melody is made by Parle Products, the privately held consumer goods company behind brands such as Parle-G, Monaco, Hide & Seek and Mango Bite. Parle Industries, the BSE-listed penny stock that rallied, is a separate entity and is not connected to the toffee brand.

Trading volumes reflected the intensity of the speculative move. More than 8 lakh shares changed hands, sharply above the stock’s one-week average of about 2 lakh shares and its one-month average of about 3 lakh shares. The counter’s low price and limited liquidity made it particularly vulnerable to abrupt moves driven by social-media narratives rather than company fundamentals.

Parle Industries was formerly known as Parle Software and was incorporated in 1983. The company changed its name to Parle Industries in 2019 and has been associated with infrastructure, real estate and paper-related activities after earlier links to technology services. Its business profile bears little resemblance to Parle Products, which remains privately owned and is not available for direct stock-market investment.

The episode underlined a recurring weakness in retail trading behaviour, especially in penny and small-cap counters. Brand-name familiarity, partial information and fast-moving online trends can combine to create price action detached from corporate reality. Similar cases have occurred in global markets when investors bought shares of companies with names resembling better-known brands, digital assets or takeover targets.

The Modi-Meloni exchange took place during the Prime Minister’s visit to Italy, where bilateral talks covered political, economic and strategic cooperation. The confectionery moment, however, overshadowed the formal agenda online, with users recirculating earlier “Melodi” memes that gained popularity after previous public appearances by the two leaders.

For Parle Products, the viral clip amounted to unpaid visibility for one of its best-known confectionery labels. Melody has long been associated with the advertising line built around the question of why the toffee is so chocolaty, making the brand instantly recognisable to consumers across the country. The company did not need to be listed for the publicity to become a market event; traders simply found a listed company carrying the Parle name and pushed it to the exchange limit.

Market participants said the movement showed how quickly meme-driven attention can spill into thinly traded stocks. In such counters, even modest buying can produce exaggerated percentage gains because of narrow order books and daily circuit filters. The 5 per cent upper circuit capped the day’s rise, preventing the stock from moving higher during that session.

The rally also raised questions about investor due diligence at a time when retail participation in equity markets remains elevated. Millions of new demat accounts have entered the market over the past few years, with many first-time investors using mobile platforms, social-media tips and short-form videos as part of their trading decisions. While this has widened market access, it has also increased exposure to rumour-led activity.

GitHub has confirmed unauthorised access to about 3,800 internal repositories after an employee device was compromised through a poisoned Visual Studio Code extension, raising fresh concerns over the security of developer tools and software supply chains. The Microsoft-owned platform said it detected and contained the compromise on May 19, removed the malicious extension version, isolated the affected endpoint and began incident response measures. Its assessment so far […]

Millions of browser users have been targeted by CypherLoc, a scareware campaign built to freeze screens, mimic security alerts and push victims towards fraudulent technology support operators. Security researchers tracking the activity said about 2.8 million attacks have been observed since the start of 2026, underscoring the scale of a threat that relies less on advanced malware and more on pressure, confusion and trust in familiar security […]

HONG KONG SAR – Media OutReach Newswire – 20 May 2026 – Phancy Group Co., Ltd. (Stock Code: 6682.HK), a leading Artificial General Intelligence (AGI) company, today announced that it has entered into a strategic cooperation and joint venture framework agreement with Huanxi Media Group Limited (“Huanxi Media”, stock code: 1003.HK), a prominent player in film and television entertainment.

By combining Phancy’s comprehensive full-stack AI capabilities with Huanxi Media’s extensive film and television data, intellectual property (IP) assets, and production expertise, the two companies aim to drive the entertainment industry’s shift from digitalization to true intelligence.

Under the framework agreement, the parties plan to set up a joint venture as the collaboration platform. They will pursue in-depth cooperation across several key areas, including data collaboration, development of large models and Agents for film and television, exploration of AI applications in new entertainment scenarios, AI-powered joint production and content creation, IP derivative development, and broader resources collaboration.

In addition, the two parties have signed a framework agreement for large model API services. Huanxi Media intends to adopt Phancy’s advanced large model and API services, with a targeted cumulative service value of no less than US$200 million through Token consumption over the next three years. The substantial long-term commitment highlights strong market confidence in the reliability and commercial strength of Phancy’s AI Platform, and is expected to provide the Company with stable, recurring revenue streams.

Dr. Dai Wenyuan, Founder and CEO of Phancy, said: “The entertainment sector is one of the most valuable and promising application scenarios for AI. This in-depth strategic partnership with Huanxi Media represents a strong alliance between our two companies and our shared vision to build a new industry ecosystem. As a leader in full-stack AI infrastructure and technical services, we at Phancy will fully leverage our core strengths in large model development, Agentic AI, heterogeneous computing power scheduling, and our Token ecosystem to empower the entire value chain of the entertainment industry. Moving forward, we will work closely with Huanxi Media, combining our respective technological advantages and industry resources to unlock new growth potential in the AI-powered entertainment sector.”

Strategic Significance of the Partnership

Phancy’s full-stack AI capabilities have taken a major step forward, moving from general platform services into deep vertical integration within the entertainment ecosystem. By embedding its self-developed AI technologies into Huanxi Media’s rich data, production environments, and IP assets, Phancy can integrate cutting-edge tools directly into content creation and daily operations, turning advanced technology into real business impact.

The film and television industry is going through a fundamental transformation. From assisted creation to intelligent production, and from virtual actors to interactive film and gaming experiences, AI is reshaping the entire content production process. The two parties will collaborate on frontier areas such as co-productions, digital human actor development, AI-generated realistic dramas, and interactive film-game projects. This partnership will move AI beyond a supporting tool and make it a core driver of content creation. Leveraging Phancy’s strengths in domestic computing power adaptation and integrated hardware-software solutions, the collaboration will significantly reduce the barriers and costs of using AI in the entertainment industry and speed up its adoption in actual productions.

This strategic alliance is an important move for Phancy as it expands its presence in real-world AI applications and deepens its industry impact. It is also expected to set a new benchmark for intelligent transformation in the entertainment sector. The two companies will continue to explore innovative ways to integrate AI with entertainment, create high-quality intelligent content, and help drive the industry into a new stage of high-quality intelligent development.

Hashtag: #PhancyGroup

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

About Phancy Group

Phancy Group (6682.HK) is a leading full-stack AI cloud services platform, providing comprehensive solutions for the AI 2.0 era. Our offerings include SageAIOS, HAMi vGPU and ModelHub XC, delivering efficient and scalable AI infrastructure with end-to-end capabilities. We provide a complete solution from heterogeneous compute resource management and optimization to the deployment of intelligent agent models. These solutions empower digital transformation across a wide range of industries, supporting our vision of building a large-scale and efficient “Token Factory.”

Guided by the mission of “AI for Everyone” and positioned as the “Navigator of AI,” Phancy Group is committed to becoming a global leader in Artificial General Intelligence.

Dubai has unveiled the Museum of Digital Art at DIFC Zabeel District, positioning the planned five-floor institution as the region’s first museum dedicated to digital art and new technologies. Launched by Sheikha Latifa bint Mohammed bin Rashid Al Maktoum, Chairperson of Dubai Culture and Arts Authority, the project brings together Dubai Culture and Dubai International Financial Centre in a cultural partnership designed to expand the city’s role […]

Microsoft has disrupted infrastructure used by Fox Tempest, a cybercrime-enabling group accused of selling fraudulent code-signing services that helped ransomware operators disguise malware as trusted software. The action, led by Microsoft’s Digital Crimes Unit, targeted a malware-signing-as-a-service operation that allegedly abused legitimate software verification systems, including Microsoft’s Artifact Signing platform. A legal case unsealed in the US District Court for the Southern District of New York said […]

Hackers stole parts of Grafana Labs’ codebase after gaining access to its GitHub environment through a compromised token, prompting fresh concern over software supply-chain security at a company whose observability tools are embedded across enterprise technology operations. The New York-based open source software developer said an unauthorised party accessed its GitHub environment and downloaded code after obtaining a token with repository access. The attackers then tried to […]

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Elon Musk has lost a major legal battle against OpenAI after a federal jury in Oakland, California, found that he waited too long to bring claims accusing the artificial intelligence company and its leaders of abandoning its founding mission. The unanimous verdict delivered a significant courtroom victory to OpenAI, chief executive Sam Altman, president Greg Brockman, the OpenAI Foundation and Microsoft, all of whom were targeted in […]

A fast-moving supply-chain attack has hit a broad set of npm packages linked to the @antv ecosystem, exposing developers and organisations to credential theft through malicious package versions tied to the maintainer account “atool”. The campaign, identified on May 19, 2026, appears to form part of the Mini Shai-Hulud malware wave, a self-spreading operation that has already affected other developer ecosystems through compromised open-source packages. The latest […]

OpenAI and Anthropic have pushed their rivalry deeper into corporate technology budgets by launching dedicated enterprise deployment ventures aimed at turning powerful AI models into production systems for businesses. The moves mark a shift from selling access to chatbots and application programming interfaces towards embedding engineers, consultants and workflow specialists inside companies that want AI to reshape operations rather than sit on the edge of office software. […]

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Ukrainian state bodies are facing a sustained phishing campaign by the Russia-linked Gamaredon group, with attackers using weaponised WinRAR archives to deploy GammaDrop and GammaLoad malware in a multi-stage espionage operation aimed at government networks. The campaign, active since September 2025 and still evolving, has targeted Ukrainian state institutions through spoofed messages and compromised government email accounts. The emails are written in Ukrainian and designed to resemble […]

Authorities across the Middle East and North Africa have arrested 201 people in a coordinated cybercrime sweep that targeted phishing, malware and online financial fraud networks operating across 13 jurisdictions. Operation Ramz, coordinated by Interpol from October 2025 to 28 February 2026, also identified 382 further suspects and 3,867 victims, marking the first cyber operation of this scale led by the international police body across the MENA […]

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Security researchers uncovered 47 previously unknown vulnerabilities at Pwn2Own Berlin, underscoring persistent weaknesses in enterprise software, artificial intelligence tools, operating systems and virtualisation platforms even when products are fully patched. The three-day competition, held from May 14 to May 16 alongside OffensiveCon in Berlin, awarded $1,298,250 in cash prizes. The event placed some of the world’s most widely used corporate technologies under controlled attack, with researchers targeting […]

Critical security flaws in n8n have exposed how quickly workflow automation platforms can become high-value targets when they connect business systems, credentials, data stores and artificial intelligence tools inside one operating layer. The vulnerabilities affect n8n versions before 1.123.43, 2.20.7 and 2.22.1, with security advisories warning that attackers with workflow creation or modification rights could combine weaknesses to achieve remote code execution on affected servers. The most […]

Tech Giants Microsoft, Adobe, BytePlus, HP, and iFLYTEK Headline the Event; Over 10,000 Professional Visits Expected to Bridge the “Deployment Gap” through High-Impact Exhibitions, Strategic Summits, and Hands-on Skills Labs

HONG KONG SAR – Media OutReach Newswire – 18 May 2026 – 2026 represents a definitive turning point as Artificial Intelligence transitions from experimental “pilot” phases to industrialized, enterprise-scale implementation. AI+ Power 2026, Hong Kong’s premier exhibition & conference for commercial AI applications, returns to the Hong Kong Convention and Exhibition Centre (HKCEC) from 4-5 Jun 2026. Now in its sixth edition, the event actively responds to the HKSAR Government’s “AI+” development strategy. Under the theme “AI+ Power in Action,” the expo focuses on how AI creates value and unlocks new market opportunities for enterprises. By showcasing a diverse array of AI solutions on-site, the event empowers businesses to remain competitive in an increasingly challenging business environment.

The 2026 Enterprise Imperative: Beyond Prompting – Agentic AI Enters the Era of Autonomous Execution

For today’s business leaders, the challenge is no longer understanding AI — it is choosing the right tools and applying them effectively. According to Gartner’s 2026 Strategic Trends, the enterprise landscape has moved beyond the initial GenAI hype into the era of Agentic AI — autonomous systems capable of independent decision-making and workflow execution. While most enterprises have begun AI deployment, the ultimate differentiator for 2026 is achieving the transition from “conversation to execution” and securing a measurable Return on Investment (ROI).

Culsin Li, Founder and Chief Visionary Officer of AI+ Power, noted: “In 2026, the most critical executive skill is becoming leaders who can strategically direct AI adoption. With AI applications entering the ‘no-code’ era, technical implementation is no longer the primary hurdle; the focus for leadership returns to the core of business: identifying operational pain points and defining strategic needs. AI+ Power 2026 serves as a premier platform where attendees can gain insights from expert-led case studies and source ready-to-deploy AI solutions to immediately resolve bottlenecks. We provide a comprehensive one-stop ecosystem, enabling decision-makers to transition seamlessly from strategic inspiration to procurement and final implementation.”

AI+ Power 2026 features six high-impact pillars designed to accelerate AI adoption:

Pillar 1: AI+ Summit – Strategic Roadmaps for Vertical Transformation

The AI+ Summit features a formidable roster of global pioneers, including Microsoft, HP, Adobe, BytePlus, and iFLYTEK, who will dissect the shift from smart office revolutions to autonomous AI agents.

To address the critical pillars of corporate governance and financial practice, the Summit has curated two flagship strategic forums:

  • CEO Panel: AI Transformation for Hong Kong’s Legacy Leaders — Moderated by Dr. Toa Charm, Chairman of the Data and AI Literacy Association (DALA), this session explores how C-suites navigate AI strategy and talent governance while balancing technological innovation with business value creation. It also examines how leaders can accelerate the scalable adoption of AI across Hong Kong, the Greater Bay Area (GBA), and Asia to ensure AI visions translate into tangible organizational impact.
  • FinTech 2.0: From Future of Work to Agentic Workflows — Moderated by Mr. Peter Koo, Convenor, FinTech Specialist Group of Hong Kong Computer Society. Partners from the “Big 4” (EY, Deloitte, KPMG, and PwC) will share the stage for a rare joint session to dismantle how Agentic AI automates KYC and risk monitoring, and explores “Data-to-Revenue” pathways. The forum will also address the convergence of AI with Tokenisation, Stablecoins, Digital Assets, and RegTech.

The Summit will also cover MarTech, enterprise productivity, retail, and education, featuring leaders from MTR Lab, HSBC, Maxim’s Group, Hong Yip, HKT, PrimeCredit, and Logitech, alongside academic representatives.

Pillar 2: AI+ Expo – The Modern Workplace & Smart Living Revolution

Industry leaders Canon HK, Logitech, Shure, and iFLYTEK will demonstrate how AI-driven hardware eliminates operational friction, allowing teams to focus on core creativity.

Pillar 3: AI+ Skills Lab — Zero-Barrier Mastery for Decision Makers

To address the enterprise talent gap, the AI+ Skills Lab has been launched this year to provide hands-on, practical training. Led by a team of veteran practitioners including Arik Chan from GDG HK (CISSP-certified), Frankie Wu from GDG HK and also Founder of Nexamind AI, and Roland Leung, Director of Datality Lab, the lab is tailor-made for non-technical decision-makers. It emphasizes a “small-class, laptop-ready” approach; featured highlights include OSINT-driven fraud detection using Google Gemini, the deployment of privacy-safe enterprise AI agents, and rapid AI-powered commercial video creation using Seedance 2.0 and KlingAI 3.0. This practical experience empowers participants to “Learn Today, Apply Tomorrow,” transforming AI into real-world productivity.

Pillar 4: Embodied AI & Robotics — The First “Smart Living Experience Zone”

Breaking away from pure software solutions, the event debuts the first “Smart Living Experience Zone,” presenting the physical manifestation of AI integrated with robotics in environmental management, medical rehabilitation, and gerontech. Highlights include environmental robots capable of automatic waste classification and autonomous cleaning; medical assistant systems for physical therapy and ward delivery; and non-invasive “passive fall detection” care solutions. These innovations are setting new benchmarks for automated operations across the property management, healthcare, and social welfare sectors.

Pillar 5: AI Strategic Advisory Hub & Industry Networking — Unlocking New Business Opprtunities

The event proudly presents the “AI Strategic Advisory Hub,” a flagship initiative designed to disrupt the traditional one-way nature of business matching. Technical experts from leading providers will transform into “Consultants”, offering decision-makers immediate diagnostics and tailored deployment advice. Navigating a vast array of technical choices can be overwhelming; this “Advisory Hub” is dedicated to helping enterprises pinpoint high-ROI implementation pathways, ensuring that technology investments translate directly into tangible profitability. Furthermore, the two-day event features exclusive industry networking sessions to foster deep dialogue and strategic exchanges between technology pioneers and enterprise leaders.

Pillar 6: AI+ Power Awards 2026 — Recognizing the Future Leaders of Commercial AI

The AI+ Power Awards 2026, a highly anticipated flagship event, returns to honor the region’s most innovative, impactful, and commercially viable AI applications. This year has seen an unprecedented level of competition, and the first-round finalists have officially been announced. Shortlisted organizations in key categories such as “AI+ in Business” and “AI+ Project of the Year” include industry pioneers such as Maxim’s Group, CITIC Telecom CPC, iFLYTEK, ASTRI, and Lingnan University. The final winners will be grandly unveiled in late May.

Capturing the Momentum of AI Scaling: Building a New Era for Innovation

AI+ Power 2026 responds proactively to the HKSAR Government’s “AI+” strategy, embodying the core spirit of “AI+ Power in Action.” We are committed to transforming policy vision into commercial reality, helping enterprises successfully transition from AI “observers” to “active practitioners.”

Through high-level summit exchanges, immersive exhibition experiences, step-by-step practical training, and prestigious award recognition, we empower every attendee to seize first-mover advantages in the age of AI scaling. Together, we are driving Hong Kong’s evolution into the premier Asia-Pacific hub for commercial AI innovation.

Secure Your Advantage: Register Now

Online pre-registration for AI+ Power 2026 is now officially open. Trade visitors and industry professionals are invited to register for free admission and pre-book seats for keynote summits and hands-on Skills Lab workshops. Please note that workshop seating is limited and available on a first-come, first-served basis.

Register Now: https://bit.ly/3R9W3fC

Event Details:

  • Date: 4-5 June 2026 (Thursday–Friday)
  • Venue: Hall 5FG, Hong Kong Convention and Exhibition Centre (HKCEC)
  • Admission: Free for trade visitors (Pre-registration required; group registration available)
  • Official Website: www.aipluspower.com

Hashtag: #AIPower #AIPower2026

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

About AI+ Power’s Organizer – Baobab Tree Event Management Co., Ltd.

Baobab Tree Event Management Co., Ltd. (BTE) is a Hong Kong–based event and exhibition organizer founded in 2011, with offices in Guangzhou, Shanghai, and Beijing. With over 20 years of industry experience, the company specializes in event management, exhibition operations, marketing, sales, and on-site delivery.

The company manages the delivery of Hong Kong’s signature mega events, including the Hong Kong Chinese New Year Parade and the Hong Kong Wine & Dine Festival, both organized by the Hong Kong Tourism Board, while also developing and managing professional exhibitions across multiple industry sectors such as AI and digital technology, Food & Beverage, Veterinary, Non-Woven, Professional AV, and PCB & electronics manufacturing, serving regional and international markets.

Committed to sustainable development, the company integrates ESG principles into its operations and has completed an independent ESG assessment, achieving Level 1 status under an assessment framework developed by the The University of Hong Kong and ESG Development Co., Ltd.

Official website:

Arabian Post Staff -Dubai Saudi Arabia’s main security, safety and fire protection trade platform is set for its biggest edition as demand accelerates across critical infrastructure, smart cities, commercial property, industrial sites and large-scale development projects. Intersec Saudi Arabia 2026 will run from 16 to 18 November at Riyadh Front Exhibition & Conference Center, shifting into a larger venue format and expanding exhibition space by 40 per […]

Strategy has moved to buy back about $1.5 billion of its 2029 convertible notes, sharpening a capital-management push that sits alongside its ambition to build one of the world’s most dominant Bitcoin reserves. The Virginia-based company, formerly known as MicroStrategy, agreed on May 14 to repurchase roughly $1.50 billion in principal amount of its 0 per cent convertible senior notes due 2029 for an estimated cash price […]

Users of JDownloader have been warned to check systems and delete suspicious installer files after attackers compromised the project’s official website and redirected selected Windows and Linux downloads to malware-laced files during a narrow but serious exposure window on May 6 and May 7, 2026. The breach affected users who downloaded the Windows “Download Alternative Installer” or the Linux shell installer from jdownloader. org during that period. […]

Revolut has offered employees across its global workforce a £1,000 payment for helping bring new business customers to the digital bank, signalling a sharper push into corporate banking as Chief Executive Officer Nik Storonsky seeks to sustain rapid growth ahead of a planned public listing. The incentive, communicated to staff on Friday, places business customer acquisition at the centre of the London-based fintech’s next phase. Employees across […]

Tesla’s robotaxi programme is facing renewed scrutiny after crash data filed with the National Highway Traffic Safety Administration showed that its self-driving ride-hailing service remains a limited and closely monitored operation, despite repeated claims that autonomy would soon become a central pillar of the company’s growth. The disclosures show 17 reported incidents involving Tesla robotaxis between July 2025 and March 2026, most of them low-speed crashes in […]

Claude has overtaken ChatGPT in paid adoption among US businesses for the first time, marking a shift in the enterprise artificial intelligence market as companies move beyond experimentation and begin choosing tools for daily operations. Payments data covering more than 50,000 businesses showed Anthropic’s Claude products used by 34.4 per cent of firms in April, ahead of OpenAI’s ChatGPT and related services at 32.3 per cent. Overall […]

Floci has crossed 10,000 GitHub stars as software teams look for a free, no-account alternative to LocalStack for local AWS emulation after a licensing and distribution change disrupted established development workflows. The milestone, reached on May 15, 2026, marks a sharp rise for the MIT-licensed project, which presents itself as a drop-in replacement for LocalStack’s former community edition. The shift has drawn attention from developers running automated […]

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