Hexaware Acquires CyberSolve to Strengthen Global Identity Security and AI-Driven Cyber Resilience

Hexaware Technologies [NSE: HEXT], a global provider of IT solutions and services, today announced it has acquired CyberSolve, a global specialist in identity and access management (IAM) solutions. Together, the companies will help enterprises modernize identity foundations, automate controls with artificial intelligence (AI), and run secure operations across complex, hybrid technology estates.

Across boardrooms, chief information officers cite cybersecurity as a top priority, as trusted digital identity—and the governance, risk, and compliance frameworks around it—now underpin every transformation, from cloud adoption and application modernization to data protection and workforce productivity.

CyberSolve brings nearly a decade of focused work in large identity programs, with 230+ specialists, 20+ IAM tech alliances, and 650+ implementations across sectors including retail, healthcare, pharma, automotive, financial services, logistics, government, and technology. Its teams are known for fast, reliable app onboarding, smooth platform migrations, and audit-ready operations. Hexaware adds consulting depth, engineering excellence, and 24x7 cybersecurity and resilience operations, spanning GRC, cloud security, and DevSecOps—helping clients move from isolated fixes to an integrated identity capability that reduces risk and accelerates growth at global scale.

“Cybersecurity has moved from an IT concern to a business imperative, and chief information officers tell us that getting identity right is at the top of the agenda,” said Siddharth Dhar, President & Global Head – Digital IT Operations & AI, Hexaware. “By bringing CyberSolve into Hexaware, we combine their craftsmanship in identity programs with our platform-led delivery and global operations. Clients will see faster value, stronger controls, and a clearer path to secure digital growth.”

“Our mission has always been to inspire trust in every digital interaction,” said Mohit Vaish, CEO, CyberSolve. “Joining Hexaware allows us to scale that mission—expanding our reach, applying AI more deeply, and creating measurable security outcomes for enterprises worldwide.”

Atul Agrawal, Managing Partner, CyberSolve, said, “We’re truly delighted to join Hexaware. The combined strengths of our IAM expertise and Hexaware’s AI-first operations create tremendous potential to redefine how global enterprises approach digital identity and security.”

Shubham Khandelia, Managing Partner, CyberSolve, added, “This is an exciting milestone for our people and clients alike. Together, we can deliver broader capabilities, faster innovation, and stronger assurance, building on our shared commitment to trust and excellence.”

Client organizations also welcomed the announcement. Chris Lugo, VP – CISO, Blue Cross Blue Shield Association, said, “CyberSolve has consistently helped bring clarity and momentum to complex initiatives. With Hexaware, they’ll have the scale and structure to deliver even greater impact. I’m excited to see what the two teams achieve together.”

The combined team will focus on what leaders need most today, delivering accurate and effective identity security, dependable operations, and easier adoption of change across large enterprises, resulting in faster onboarding, smoother migrations, continuous compliance, and secure work from anywhere.

Proventus Agrocom Limited (ProV) Reports Strong H1FY26 Results, Brand Revenue of INR 283 crs up 33% YoY

Wholesome Nutrition Based Products Scaling New Heights Building for tomorrow

• Expanded Beyond Core Dry Fruits into Wholesome Nutrition Based Products
• Brand revenue of INR 283 cr up 33% YoY; PAT INR 6.68 cr up 37% YoY; up 164% from H2 FY25
• Expanded beyond core dry fruits into wholesome nutrition-based products
• Brand revenue up 33% YoY to ₹283 cr; nutrition-based products now ~50% of portfolio; poised for margin expansion
• Reaffirms commitment to ₹1000 cr brand revenue target by FY28

Half year ended September 2025 highlights

• Revenue (Consolidated): ₹390 cr, up 32% YoY
• ProV brand revenue sales: ₹283 cr, up 33% YoY
• Gross margins: Improved to ~22.1% in H1 FY26 from 19.8% in FY25
• EBITDA: ₹9.17 cr vs ₹8.16 cr in H1 FY25 (+12%)
• PAT: ₹6.68 cr vs ₹4.87 cr YoY (+37%); vs ₹2.53 cr (+164%) from H2 FY25
• H1 EPS: ₹19.40

Proventus Agrocom Limited (NSE: PROV), one of India’s fastest-growing healthy snacking companies, announced its half-yearly results for H1 FY26, marking a defining phase in its growth journey, with a sharper focus on wholesome nutrition-based products.

The company reported brand revenue of ₹283 crore, up 33% YoY from ₹213 crore in H1 FY25, maintaining strong profitability despite a 2x increase in marketing and brand investments. Gross margins are set to rise to +22% by FY26 year end as the product mix continues shifting toward high-margin and wholesome nutrition-based products.

Redefining the healthy snacking space

Speaking on the results, Mr. Durga Prasad Jhawar, Managing Director, said:
“This marks the beginning — a transformation beyond traditional dry fruits into a full-fledged healthy snacking brand. Our product mix evolution, brand investments, and expanding distribution network are creating a sustainable foundation for scalable and profitable growth. We remain committed to achieving our ₹1000 cr brand milestone by FY28, with gross margins of 30%.”

Key highlights of H1 FY26 performance

Strong growth and brand momentum

• Brand revenue up 33% YoY; monthly run-rate exceeds ₹60 crore
• 12x brand growth in 4 years — on track to reach ₹575–600 crore by FY26 end
• Wholesome nutrition-based products now ~50% of portfolio

Evolving product portfolio

• Introduced 25+ new products — Flavoured Makhana, Healthy Bars, Trail Mixes, Nut Chocolates, Seed Mixes
• Broadened reach across customer categories with premium, modern-age offerings
• Portfolio shift toward high-margin categories, expected to drive sustained profitability

Strengthened channel presence

• Healthy sales mix across General Trade, Modern Trade, E-Commerce & Quick Commerce
• Enhanced visibility through multi-platform advertising, 1,000+ branded autos, targeted promotions, and strategic in-store activations
• Supported by a 350+ strong sales force

GST cut: A game changer

The recent GST reduction on dry fruits and related categories is expected to significantly boost the organized sector, benefiting both ProV and the healthy snacking industry at large.

“The GST rationalization brings affordability and wider accessibility to health-focused snacking — a direct tailwind for ProV’s evolving product portfolio,” added Mr. Deepak Agrawal, Chief Business Officer.

A transformative phase: Sustainable, scalable, and profitable growth

Despite a 2x increase in marketing spends, ProV has shown profitability growth and improved operating efficiency. This underlines its commitment to long-term brand building while ensuring financial discipline.

With deep-rooted distribution, a diversified portfolio, and expanding infrastructure, ProV is well-positioned to capture India’s booming healthy snacking market, estimated to grow at a double-digit CAGR over the next decade.

“We are not only growing — we are evolving. Our focus is on building a consumer-first brand that delivers both taste and nutrition, creating long-term value for consumers, partners, and stakeholders,” said Mr. Jhawar.

About Proventus Agrocom Limited (ProV)

ProV is an integrated health-food brand with a diversified portfolio spanning dry fruits, nuts, seeds, berries, and healthy snacks. Its “farm-to-homes” model ensures end-to-end control — from sourcing to distribution — delivering premium, nutritious products to millions of households.
The brand operates across General Trade, Modern Trade, E-Commerce, and Q-Commerce.
Corporate Identification Number: U74999MH2015PLC269390.

Safe harbour

This document may contain certain forward-looking statements, which are tentative, based on current expectations of the management of Proventus Agrocom Limited or any of its subsidiaries and associate companies (“ProV”). The results in future may vary significantly from the forward-looking statements contained in this document due to various risks and uncertainties. These risks and uncertainties include, inter alia, the effect of economic and political conditions in India and outside India, volatility in interest rates and in the securities market, new regulations and Government policies that may impact the businesses of Proventus Agrocom Limited as well as its ability to implement the strategy. Proventus Agrocom Limited does not undertake any obligation to update these statements. This document is for information purposes only and any action taken by any person on the basis of the information contained herein is that person’s responsibility alone and Proventus Agrocom Limited or its directors or employees will not be liable in any manner for the consequences of such actions. The company regularly posts all important information at its website www.proventusagro.com

Axis Bank Partners with JSW MG Motor on Innovative Dual Loan Scheme Anchored in Battery‑as‑a‑Service Model

Axis Bank, one of the largest private sector banks in India, in collaboration with JSW MG Motor, has introduced an innovative Dual Loan program designed to make electric mobility more accessible and future-ready for Indian customers.

Anchored in MG’s pioneering Battery-as-a-Service (BaaS) model, this initiative allows customers to avail separate loans for the vehicle and its battery, significantly reducing the upfront cost of ownership. The program offers up to 100% on-road funding and flexible tenures of up to 8 years for the battery, turning conventional fuel expenses into predictable, long-term value, and making sustainable driving a practical, intelligent choice.

Commenting on the partnership, Munish Sharda, Executive Director, Axis Bank, said, “At Axis Bank, we are committed to offering customer-friendly solutions and driving innovation in vehicle financing. We are delighted to partner with JSW MG Motor India on the pioneering Dual Loan program, which enhances the EV financing ecosystem in India by providing smart and flexible options across segments. We are confident that this collaboration will help make greener choices more accessible to customers and support the wider adoption of electric vehicles.”

“For electric mobility to move from aspiration to adoption, we must make ownership both practical and progressive. The Dual Loan program builds precisely on that premise, separating the battery from the vehicle cost to give customers financial flexibility without compromise. Much like how consumers have embraced subscription models in technology, BaaS allows them to experience cutting-edge mobility with smarter economics. Together with Axis Bank, we’re turning innovation into everyday access, accelerating India’s journey towards a more sustainable future.” Said, Anurag Mehrotra, Managing Director, JSW MG Motor India.

BaaS (Battery-as-a-Service), launched in September 2024 by JSW MG Motor India, addresses one of the biggest barriers to EV adoption – the high upfront cost – by separating the cost of the battery from the vehicle. Building on this innovation, JSW MG Motor India and Axis Bank, who have been partners since 2019, have now introduced the dual loan financing, further strengthening their collaboration across channel and retail finance solutions.

This innovative financing solution not only makes EV ownership more affordable but also gives customers greater flexibility to upgrade their vehicles without being constrained by price. With Axis Bank as a financing partner, the program reaches a wider customer base and expands access to smart mobility solutions. Through this collaboration, JSW MG Motor India and Axis Bank aims to provide customers with greater choice and financial control, while also contributing to the growth of India’s EV ecosystem.

Axis Bank is one of the largest private sector banks in India. Axis Bank offers the entire spectrum of services to customer segments covering Large and Mid-Corporates, SME, Agriculture, and Retail Businesses. It has 5,976 domestic branches (including extension counters) and 13,177 ATMs and cash recyclers spread across the country as on 30th September 2025. The Bank’s Axis Virtual Centre is present across eight centres with over ~1,786 Virtual Relationship Managers as on 30th September 2025. The Axis Group includes Axis Mutual Fund, Axis Securities Ltd., Axis Finance, Axis Trustee, Axis Capital, A.TReDS Ltd., Freecharge, Axis Pension Fund and Axis Bank Foundation.

About JSW MG Motor India

SAIC Motor, a global Fortune 500 company with a presence in over 100 countries and JSW Group (India's leading conglomerate with interests across B2B and B2C sectors) formed a joint venture - JSW MG Motor India Pvt. Ltd. in 2023. The joint venture aims to build a smart and sustainable automotive ecosystem while staying focused on developing a diverse portfolio of vehicles to give car buyers better access to advanced technologies and futuristic products with attractive value propositions. JSW MG Motor India Pvt. Ltd. is committed to introducing world-class technology, strengthening the manufacturing landscape, bringing the best of innovation across its business operations, and generating significant employment opportunities through extensive localisation.

DST Supported QNu Labs Demonstrates India’s 1st 500 km Quantum-Safe Network Under National Quantum Mission

India’s Department of Science & Technology (DST), under the National Quantum Mission (NQM), announced that Bengaluru-based startup QNu Labs has successfully demonstrated a 500 km quantum-safe communication network — the country’s first extensive Quantum Key Distribution (QKD) deployment.

Key Facts

• Startup: QNu Labs Pvt. Ltd., incubated at IIT Madras and supported under DST’s National Quantum Mission (NQM).
• Achievement: Demonstrated India’s first 500 km Quantum Key Distribution (QKD) network over existing optical fiber infrastructure.
• Event: Officially announced at the Emerging Science, Technology and Innovation Conclave (ESTIC 2025).
• Stakeholders Present: Dr. Jitendra Singh, Prof. Ajay K. Sood, Dr. Ajai Chowdhry, Prof. Abhay Karandikar.

What is Quantum Key Distribution (QKD)?

• QKD uses quantum mechanics to securely share cryptographic keys between two parties.
• Any attempt to intercept the quantum signal disturbs the system, alerting legitimate users.
• QKD is provably secure against classical and future quantum attacks, unlike conventional encryption.

Strategic Importance

• Cybersecurity Leap: A 500 km QKD backbone is a milestone for India’s digital security, especially for defense and critical infrastructure.
• Collaboration: Indian Army facilitated access to fiber networks in Rajasthan for testing.
• Global Positioning: Positions India alongside China, the US, and EU in building quantum-secure communication networks.
• Commercial Potential: QNu Labs expected to commercialize quantum-safe products for government, defense, and enterprise clients.

Why It Matters

This demonstration is a proof-of-concept for India’s quantum-secure future, showing that indigenous startups can deliver cutting-edge infrastructure. It strengthens India’s strategic autonomy in cybersecurity, reduces reliance on imported encryption technologies, and aligns with the National Quantum Mission’s vision of building a robust quantum ecosystem.

Adani Enterprises to Exit Indonesian Subsidiary in USD 125 Million Deal with Dubai’s Energico FZCO

Adani Enterprises has announced it will divest its entire stake in PT Adani Global (Indonesia) to Dubai-based ENERGICO FZCO for USD 125 million, with completion expected by November 30, 2025.

Adani Enterprises filed a disposal/divestiture notice on November 6, 2025, confirming the sale of its stake in PT Adani Global (Indonesia) to ENERGICO FZCO for USD 125 million. Media outlets such as ScanX News reported the same details, citing the official filing and highlighting that the divested entity contributed only 0.83% of consolidated revenue and 1.11% of net worth.  

Key Highlights of the Transaction

• Seller: Adani Enterprises Limited (AEL), through subsidiaries in Mauritius and Singapore.
• Buyer: ENERGICO FZCO, a Dubai-based company not affiliated with the Adani Group.
• Deal Value: USD 125 million.
• Completion Timeline: Expected by November 30, 2025.
• Impact on AEL: PT Adani Global (Indonesia) contributed only 0.83% of consolidated revenue and 1.11% of net worth.

Strategic Context

• Portfolio Rationalization: Adani Enterprises has been restructuring global holdings, focusing on core infrastructure, energy, and digital ventures.
• Regulatory Compliance: Buyer is independent of Adani Group, ensuring clean regulatory clearance.
• Capital Allocation: Divestment frees up capital for high-growth projects such as airports, green hydrogen, and data centers.

Broader Implications

• Indonesia Exit: Marks a shift away from coal-linked operations in Southeast Asia, aligning with Adani’s energy transition narrative.
• Investor Sentiment: Small financial impact suggests strategic signaling rather than immediate balance sheet gains.
• Global Footprint: Adani Enterprises continues refining its international presence, balancing risk management with expansion in emerging sectors.

Why It Matters

This move underscores Adani Enterprises’ pivot toward cleaner, scalable businesses while trimming non-core assets. For investors and regulators, it signals a commitment to transparency and compliance in cross-border transactions.