Shyam Metalics Expands CRM Facility, Targets Solar, Auto & Consumer Durables Segments

Shyam Metalics and Energy Limited, one of India’s leading integrated metal producers, today announced the successful commissioning of Phase II of its Cold Rolling Mill (CRM) facility for colour coated sheets at its Jamuria plant in West Bengal. The facility, operated by its wholly owned subsidiary, Shyam Sel and Power Limited (SSPL), has commenced commercial production effective 16th April 2026.

Phase II comprises an advanced processing Dual Pot GI cum Galvalume (GL) line with a capacity of 0.15 million tonnes per annum (MTPA), significantly enhancing the Company’s product range and technical capabilities. This expansion marks a critical step towards catering to more demanding and precision-driven applications across industries. With this incremental capacity, the total installed capacity of the CRM facility reached to 0.40 MTPA. This includes the existing Phase I capacity of 0.25 MTPA and the newly commissioned Phase II capacity, further strengthening the Company’s footprint in the value-added steel segment.

With this development, Shyam Metalics is now strategically positioned to cater the solar energy sector, particularly in the manufacturing of mounting structures for solar panels, an area that was previously heavily dependent on imports. By addressing this gap, the Company is actively contributing to India’s vision of self-reliance and domestic manufacturing excellence.

The Phase II expansion also aligns with the Government of India’s Production Linked Incentive (PLI) Scheme – PLI 2, reinforcing Shyam Metalics’ commitment to national initiatives aimed at boosting advanced manufacturing and reducing import dependency.

In addition to renewable energy applications, the enhanced facility will cater to a broader spectrum of high-growth sectors, including automotive and consumer durables/appliances, where demand for high-quality, precision-engineered steel continues to rise and has been primarily import-dependent.

This strategic expansion not only deepens Shyam Metalics’ presence in downstream value-added products but also strengthens its integrated manufacturing ecosystem. With improved product diversification and market reach, the Company is well-positioned to unlock new revenue streams while supporting India’s industrial and infrastructure growth trajectory.

The expanded facility, strategically located in the eastern region of India, offers significant logistical advantages, enabling Shyam Metalics to efficiently serve key demand centres while addressing the region’s supply gap in value-added flat steel products. This Phase II expansion further strengthens the Company’s downstream capabilities and reinforces its position as a leading player in the steel value chain.

Commenting on the expansion, Mr. Brij Bhushan Aggarwal, Chairman and Managing Director, of Shyam Metalics and Energy Ltd., stated, “The commissioning of Phase II of our Flat Products project is a strategic step towards strengthening our value-added product portfolio and improving overall realizations. With this expansion, we are further strengthening our ability to cater to high-growth, high-margin segments such as solar, automotive and consumer durables.

This phase is expected to drive a better product mix, support margin expansion, and contribute meaningfully to incremental EBITDA over the medium term. Our inclusion under the Government’s PLI Scheme further enhances the overall return profile of the project.

We remain focused on disciplined capital allocation, with a strong pipeline of value-accretive expansions under evaluation and expect optimal ramp-up within the next 10–12 months.”

About Shyam Metalics and Energy Limited

Shyam Metalics is a leading and fastest-growing integrated metal-producing company based in India primarily in the steel Industry in West Bengal, Odisha, Jharkhand and Madhya Pradesh with a focus on Long Steel Products, Ferro Alloys, Aluminium and Stainless Steel. The company got listed itself on the exchanges in 2021 and as on date of this press release possesses a market capitalization of more than ₹ 24,500 Cr. Spearheaded by Mr. B. Bhushan Agarwal, Chairman and Managing Director, the company strives to deliver unparalleled quality through their customised value-added solutions to meet business requirements. Headquartered in Kolkata, West Bengal, the company is amongst the largest producers of ferro alloys in terms of installed capacity in India (Source: CRISIL Report).

The company has the ability to sell intermediate and final products across the steel value chain. Shyam Metalics is one of the leading players in terms of pellet capacity and the largest coal fired player in the sponge iron industry in terms of sponge iron capacity in India. As on date, the aggregate installed metal capacity of its manufacturing plants is 16.78 MTPA (comprising intermediate and final products) and having 467 MW aggregated installed capacity captive power plants.

Wipro Announces Results for the Quarter and Year Ended March 31, 2026

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading AI-powered technology services and consulting company, announced financial results under International Financial Reporting Standards (IFRS) for the quarter and year ended March 31, 2026.

• Adjusted net income grew 3.7% QoQ in Q4’26 and 2.2% YoY for FY’26
• FY’26 margin at 17.2%, expands 0.2%; Q4 margin at 17.3%, contracts 0.2% YoY
• Operating cash flow at 90.1% of net income for Q4’26 and 112.6% for FY’26
• Board approves Buy-Back for the value of ₹150 billion

Quarter Ended March 31, 2026

Metric	Result
Gross Revenue	₹242.4 billion ($2,583.0 million), +2.9% QoQ, +7.7% YoY
IT Services Revenue	$2,651.0 million, +0.6% QoQ, +2.1% YoY
Net Income	₹35.0 billion ($373.2 million), +12.3% QoQ, -1.9% YoY
EPS	₹3.34 ($0.041), +12.1% QoQ, -2.1% YoY
Operating Cash Flow	₹31.7 billion ($338.2 million), 90.1% of Net Income

Year Ended March 31, 2026

Metric	Result
Gross Revenue	₹926.2 billion ($9.9 billion), +4.0% YoY
IT Services Revenue	$10,478.1 million, -0.3% YoY
Net Income	₹132.0 billion ($1,406.5 million), +0.5% YoY
EPS	₹12.6 ($0.131), +0.3% YoY
Operating Cash Flow	₹149.3 billion ($1,591.3 million), 112.6% of Net Income

Outlook for the Quarter ending June 30, 2026

Wipro expects revenue from its IT Services business segment to be in the range of $2,597 million to $2,651 million*. This translates to sequential guidance of (-)2.0% to 0% in constant currency terms. 

* Outlook for the Quarter ending June 30, 2026, is based on the following exchange rates: GBP/USD at 1.34, Euro/USD at 1.17, AUD/USD at 0.70, USD/INR at 92.35 and CAD/USD at 0.73

CEO & CFO Commentary

Srini Pallia, CEO: “Advancements in AI are reshaping client priorities... pivoting to a services-as-a-software model through the AI Native Business & Platforms unit.”

Aparna Iyer, CFO: “We have continued to invest in our clients, capabilities and people... Board announced buyback of ₹15,000 Cr at a price of ₹250, subject to shareholder approval.”

Capital Allocation

The Board of Directors approved the buyback proposal, subject to the approval of  shareholders through postal ballot, for purchase by the Company of up to 60,00,00,000 equity shares of ₹ 2 each (being 5.7% of total paid-up equity share capital) from the shareholders of the Company on a proportionate basis by way of a tender offer at a price of ₹ 250 ($2.661) per equity share for an aggregate amount not exceeding ₹ 150 billion ($1.6 billion1) , in accordance with the provisions contained in the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 2018 and the Companies Act, 2013 and rules made thereunder.

The interim dividend of ₹11 declared in FY’26 by the Board at its meetings held on July 17th, 2025 and January 16th, 2026, shall be considered as final dividend for the financial year 2025-26.

Strategic Deal Wins

• US health insurer extended contract for IT modernization leveraging Wipro Intelligence™ platforms.
• Global tech leader renewed engagement for IT infrastructure and workplace services.
• Global medtech company selected Wipro to transform Post Market Surveillance.
• Major US retailer modernizing store associate experience with AI-enabled intelligence.
• ABB Group signed multi-year renewal for AI-powered workplace services.
• Capco engaged by UK energy trading company to establish Capability as a Service model.
• Prominent Southeast Asian manufacturer selected Wipro to establish Global Capability Center.

Analyst Recognition

• Leader in ISG Provider Lens™ - Advanced Analytics and AI Services 2025
• Leader in Everest Group’s Software Product Engineering Services PEAK Matrix® 2026
• Leader in Avasant’s Life Sciences Digital Services 2026 RadarView™
• Leader in ISG Provider Lens® - Digital Sustainability 2025
• Featured as Horizon 3 Market Leader in HFS Horizons: Next-gen IT Infrastructure Services 2026

IT Products

Period	Revenue	Results
Q4 FY26	₹2.5 billion ($26.9 million)	₹0.2 billion ($2.2 million)
FY26	₹6.9 billion ($74.0 million)	₹0.6 billion ($5.9 million)

Conference Call

Earnings call at 07:45 p.m. IST (10:15 a.m. U.S. ET). Webcast link: Conference Call

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading AI-powered technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our consulting-led approach and the Wipro Intelligence™ unified suite of AI-powered platforms, solutions and transformative offerings, we help clients realize their boldest ambitions to build intelligent and sustainable businesses. The Wipro Innovation Network – part of the Wipro Intelligence™ suite – underpins our commitment to client-centric co-innovation and co-creation by bringing together capabilities from the innovation labs and partner labs, academia, and global tech communities.  With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world. For additional information, visit us at www.wipro.com.

Forward-Looking Statements

Statements regarding growth prospects, financial results, and plans are subject to risks and uncertainties... Additional risks described in SEC filings.

NetApp Collaborates with Google Cloud to Power Data Infrastructure for Distributed Cloud

NetApp® (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced that it has expanded its collaboration with Google Cloud with a 4-year Enterprise Agreement to accelerate the deployment of the NetApp storage solutions within the Google Distributed Cloud air-gapped (GDC), Google's sovereign cloud platform delivered by World Wide Technology (WWT). The NetApp data platform within this full-stack, air-gapped private cloud solution delivers the built-in security organizations need to handle sensitive information and meet data sovereignty requirements.

“For government agencies and defense organizations, sensitive and classified data can’t leave controlled environments, but that data is also critical to AI‑driven decision‑making,” said Cesar Cernuda, President at NetApp. “By embedding NetApp’s secure-by-design storage systems into Google Distributed Cloud, we're enabling customers to build Intelligent Data Infrastructure that provides the foundation to support accredited, enterprise‑grade AI directly within sovereign and air‑gapped environments. Now, public sector customers can modernize operations, accelerate insight, and innovate responsibly without compromising security, compliance, or national sovereignty.”

Google Distributed Cloud extends customers’ cloud infrastructure and services to the places customers need them, including on-premises data centers and network edges. NetApp AFF, StorageGRID, and Trident solutions enable Intelligent Data Infrastructure that, with the integrated GDC solution, provides private cloud with zero-trust security and the ability to store data locally, manage encryption keys, and maintain control. Leveraging these systems within GDC enables customers to deploy cloud technology and applications, including AI capabilities, while maintaining more control over their IT environments by bringing the cloud closer to where their data is generated or creating air-gapped environments that limit or eliminate outside connections.

“Across the public sector, agencies are being asked to do more with data while operating under increasingly strict sovereignty, security, and compliance mandates,” said Muninder Sambi, VP, Product Management & Supply Chain, Google Distributed Cloud, Google Cloud. “Google Distributed Cloud was designed for exactly these environments, enabling customers to bring modern cloud services and advanced AI capabilities into sovereign, air‑gapped, and disconnected settings. By working with NetApp, we are helping government and regulated enterprises innovate where their data resides—supporting mission‑critical workloads with the highest levels of security, compliance, and operational integrity, without slowing the pace of transformation.”

Over the last year, Google Cloud has extended its AI capabilities for regulated use cases. Gemini’s advanced reasoning and state-of-the-art generation capabilities are available on GDC to unlock key generative AI capabilities such as automation, content generation, discovery, and summarization on-premises. Customers can operate fully disconnected, while still integrating Google's AI capabilities, enabling innovation while meeting strict security and compliance requirements.

“AI has the potential to transform how every organization operates, even those facing the most stringent controls to meet national security and data sovereignty requirements,” said Joe Koenig, President at WWT. “Leveraging data-driven insights to power your business requires a combination of innovative AI capabilities with powerful infrastructure.”

Additional Resources

• NetApp Expands Collaboration with Google Cloud to Provide Data Storage for Distributed Cloud Infrastructure
• NetApp and Google Cloud solutions

About NetApp

For more than three decades, NetApp has helped the world’s leading organizations navigate change – from the rise of enterprise storage to the intelligent era defined by data and AI. Today, NetApp is the Intelligent Data Infrastructure company, helping customers turn data into a catalyst for innovation, resilience, and growth.

At the heart of that infrastructure is the NetApp data platform – the unified, enterprise-grade, intelligent foundation that connects, protects, and activates data across every cloud, workload, and environment. Built on the proven power of NetApp ONTAP, our leading data management software and OS, and enhanced by automation through the AI Data Engine and AFX, it delivers observability, resilience, and intelligence at scale.

Disaggregated by design, the NetApp data platform separates storage, services, and control so enterprises can modernize faster, scale efficiently, and innovate without lock-in. As the only enterprise storage platform natively embedded in the world’s largest clouds, it gives organizations the freedom to run any workload anywhere with consistent performance, governance, and protection.

With NetApp, data is always ready – ready to defend against threats, ready to power AI, and ready to drive the next breakthrough. That’s why the world’s most forward-thinking enterprises trust NetApp to turn intelligence into advantage.

Learn more at www.netapp.com

NETAPP, the NETAPP logo, and the marks listed at www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.

futuREady India: Renault’s Largest Product Offensive with 7 Models by 2030

• Renault Group is launching futuREady India, the local rollout of its new strategic plan to drive growth both locally and globally while strengthening engineering and manufacturing capabilities to ensure long-term competitiveness for the Group worldwide.
• With futuREady India, Renault aims to make India one of the brand’s top three global markets by 2030. The Group is entering its largest-ever product renewal cycle in India, with a portfolio expanding to seven multi-energy models by 2030, all designed specifically for local market needs, using a next generation digital and electronic architecture.
• Through its new strategic plan, Renault Group is positioning India as a cornerstone of its global value chain, transforming the country into a technology centre of excellence for local market and worldwide. The Group’s ambition is to generate €2 billion in annual exports by 2030 in vehicles, R&D, and components.

At the end of a one week visit in India, François Provost, CEO of Renault Group, presented futuREady India, an Indian rollout of the futuREady strategic plan unveiled by the Group last March.

“With futuREady, our new Vision, Renault Group is accelerating its international growth by building on high-potential, fast-growing markets where the Group already has a strong presence. India, where we have been established for fifteen years, is a prime example: it represents more than one-third of the growth potential across the markets where the Renault brand already operates.

India is set to become not only a growth market, but also a centre of excellence and an export hub. Thanks to the commitment and expertise of our local teams, it will strengthen the Group’s overall competitiveness.

Thirty years ago, Renault Group began its first wave of international expansion. With futuREady, we are opening a new era in our global growth story – and India will be at the heart of it!” François Provost, CEO, Renault Group. 

“By 2030, we will offer a seven-model portfolio in India, spanning key segments from compact cars to larger SUVs, and featuring a full spectrum of electrified powertrains—from strong hybrids to fully electric vehicles.

Leveraging world-class engineering, competitive manufacturing, and a clear, ambitious product roadmap, India is poised to be a major driver of sustained value for Renault Group.” Stéphane Deblaise, CEO, Renault Group in India

Largest product-driven offensive for Renault Group in India

Mr. Francois Provost, CEO, Renault Group and Mr. Stephane Deblaise, CEO Renault Group in India, posing with new vehicle platform. 

In India, Renault Group remains focused on growing a customer base ready to prioritise vehicles combining attractive design, advanced onboard technologies, and electrified powertrains, with an ambition to be among the top three markets for the Renault brand globally by 2030.

The Renault brand is therefore adopting a higher value-added positioning; driven by incorporating advanced technologies, both within the vehicle's onboard systems and in its powertrain offerings.

Four vehicles are in the line-up to reach a total of seven vehicle portfolio by 2030, including Renault Duster, unveiled in January 2026, and already generating strong enthusiasm among Indian customers. As part of the futuREady announcements, the Group also presented Bridger Concept, which previews a new B-segment compact SUV, a true multi-energy vehicle including an electric version.

Mr. Francois Provost, CEO, Renault Group and Mr. Stephane Deblaise, CEO Renault Group posing with newly launched Renault Duster

The seven vehicles will be based on two complementary platforms, RGEP and RGMP, deployed first on the Indian market and both designed with a multi-energy approach to offer internal combustion powertrains, including hybrids, and electric powertrains depending on needs.

Lastly, the brand also intends to stand out in the market through a strengthened commitment to its Indian customers. Through the Renault Forever initiative, the Group aims to build a lasting relationship based on trust, service quality, and simplified customer experience. Indian customers will notably benefit from a 7-year warranty.

A technology and export hub

Following the launch of futuREady on 10 March 2026, Renault Group is now unveiling futuREady India, aimed at establishing its 15000 employees full-fledged operations as a leading hub for local Indian market and for the world.

In Chennai, the Group has one of its largest engineering centres worldwide, bringing together 6,000 engineers and IT specialists in vehicle architecture, software, simulation, and vehicle lifecycle upgrades. This site is set to take on an elevated role within the Group by now developing platforms, vehicle architectures, and technologies for projects in India as well as for global markets.

On the industrial front, Renault Group now has full ownership of its Chennai manufacturing facility, significantly reinforcing its ability to localise production, deepen supplier integration and optimise end-to-end supply chains. Leveraging India’s strong sourcing competitiveness, this industrial footprint

TruScholar Secures Pre‑Series A Funding to Build AI‑Powered Digital Credential and Employability Platform

TruScholar, a digital credentialing and employability platform powered by AI and Blockchain, has successfully closed its Pre-Series A funding round.

This milestone marks an important step in TruScholar’s journey to build trusted digital infrastructure that connects institutions, learners, and employers through verifiable credentials and career-enablement tools.

Solving a Larger Problem Than Digitisation

Across education and hiring ecosystems, credentials have increasingly moved into digital formats. However, most certificates, marksheets, and academic records still remain static in nature — often stored as PDFs or paper documents and verified through fragmented manual processes.

While digitisation improves storage and accessibility, it does not fully solve the more critical issues of trust, usability, and outcome relevance.

Institutions continue to face operational and compliance burdens in managing records and responding to verification requests. Employers struggle with credential validation and trusted candidate screening. Learners, despite holding authentic credentials, often find that these documents do not automatically translate into career direction, employability, or opportunity.

In many cases, credentials remain proof of completion, but not instruments of progress.

TruScholar’s Approach

TruScholar addresses this challenge by building a trusted digital credential and employability infrastructure that enables:

• institutions to issue tamper-proof, verifiable digital credentials
• learners to securely access and manage credentials through a digital wallet, including DigiLocker integration
• employers to verify credentials instantly and access trusted candidate information

Going beyond verification, TruScholar has also built an employability layer that helps convert static credentials into actionable career tools. These include:

• AI-powered resume builder
• ATS compatibility checker
• AI career coach for pathway and learning recommendations
• AI interview preparation tools

Through this integrated approach, TruScholar is working to transform credentials from passive records into active career enablers.

Growth and Milestones

TruScholar has already issued over 2 million credentials, with growing adoption across institutions and organisations.

Importantly, the company has built this growth on a profitable (PAT-positive) and sustainable business model.

The company has also been shortlisted for the Aadhaar Verifiable Credentials (VC) ID’athon organised by UIDAI, where only 6 startups out of 175 applicants were selected.

Adding to its thought leadership in the sector, TruScholar recently collaborated with The Economic Times Education to publish the journal:

“Roadmap for Future-Ready Campuses: Digitalization, Trust & Employability.”

This initiative reflects the company’s commitment not only to building products, but also to contributing to the broader dialogue on the future of education, digital trust, and employability.

Global Relevance

The need for trusted and outcome-driven credential infrastructure is not limited to India.

Over the past year, TruScholar has showcased its platform at major education and innovation forums across key international markets, including:

• London, UK – BETT
• USA – BadgeSummit, 1EdTech, and TiE Silicon Valley
• Dubai – GESS
• Hong Kong – Digital Universities Asia 2025

Across these markets, one clear insight has emerged:

• The demand for trusted, verifiable, and career-connected credential systems is universal.

Use of Funds

The newly raised capital will be deployed toward:

• strengthening go-to-market capabilities and pan-India expansion
• building deeper partnerships with institutions and enterprises
• advancing AI-powered employability offerings
• scaling TruScholar’s global credential infrastructure

Founders’ Vision

Founded in 2019 by CA Mayur Zanwar (Founder, CEO & CFO) and Samit Singhai (Founder & CTPO), TruScholar is building the digital trust layer connecting education, credentials, and careers.

What began as a blockchain-based credential verification solution has today evolved into a broader platform designed to help learners move from credential to career, while enabling institutions and employers to operate with greater trust, speed, and efficiency.

The founding team combines expertise across technology, compliance, education, and ecosystem building, with a shared focus on solving real-world challenges related to trust, employability, and digital transformation.

Acknowledgements

TruScholar acknowledges the support of its investors — SucSEED Indovation Fund, PadUp Ventures, Vinners, and angel investors from the TiE Global community — as well as ecosystem partners including TiE Global, NASSCOM, ISB Dlabs, ICAI, and GUSEC.

Looking Ahead

The future of education and employment will not be shaped by credentials alone, but by verifiable skills, trusted digital identities, and meaningful pathways to opportunity.

This funding round is more than a financial milestone for TruScholar.

It is a step toward building the trust infrastructure that the future of learning and hiring will increasingly depend on.