Black Box Acquires Brazil’s 2S Inovações, Expanding Digital Infrastructure and Cybersecurity Capabilities Across Latin America

Black Box Limited (BSE: 500463 | NSE: BBOX), the technology arm of Essar and a leading global provider of digital infrastructure solutions, today announced the successful completion of its acquisition of 2S Inovações Tecnológicas S.A., a leading Brazil-based provider of digital infrastructure, data center networking, cloud, cybersecurity, and managed technology solutions. The acquisition marks a significant milestone in Black Box’s global growth strategy and further advances its long-term objective of achieving US$2 billion in annual revenues by 2030.

The effective date of acquisition is May 1, 2026.

Established in 1992 and headquartered in São Paulo, Brazil, 2S Inovações Tecnológicas delivers end-to-end digital infrastructure solutions spanning consulting and strategy, enterprise and data center networking, cloud and hybrid infrastructure, cybersecurity operations, systems integration, managed services, and lifecycle optimization. The company is recognized for its strong capabilities in mission-critical networking, hyperscale-ready data center infrastructure, collaboration, and security solutions built on leading global technology platforms.

The acquisition significantly strengthens Black Box’s capabilities and market presence across Latin America, particularly in high-growth areas such as data center networking, digital connectivity, cybersecurity, and managed infrastructure services. The transaction also reinforces Brazil’s strategic importance within Black Box’s global operations as enterprises, cloud providers, and hyperscalers continue to invest in next-generation digital infrastructure across the region.

Brazil’s rapidly expanding digital economy, increasing cloud adoption, accelerating AI-driven infrastructure investments, and strong engineering talent base position the country as an important regional hub for digital infrastructure transformation and technology services delivery.

“The acquisition of 2S marks another important milestone in Black Box’s global growth journey and further strengthens our strategic position in the high-growth LATAM market,” said Sanjeev Verma, Whole-Time Director & Chief Executive Officer of Black Box. “2S brings deep expertise in Cisco networking, enterprise and data center infrastructure, cloud, cybersecurity, and managed services, which strongly complements Black Box’s global capabilities across digital infrastructure, networking, connected workspaces, and technology integration.

As enterprises worldwide accelerate investments in AI, cloud, cybersecurity, and digital connectivity, the demand for resilient, scalable, and secure network and data center infrastructure continues to grow significantly. This acquisition enhances our ability to support customers across the full lifecycle of digital infrastructure transformation - from network modernization and data center integration to managed operations and cybersecurity.



This acquisition also reflects our continued focus on disciplined inorganic growth as a key pillar of our long-term strategy. The transaction is expected to contribute approximately Rs. 500 crores in annualised revenues and further strengthens our networking and data center business across Latin America while enhancing our ability to deliver integrated, end-to-end digital infrastructure solutions globally.

Together, we are building a stronger platform to drive innovation, operational excellence, and sustainable long-term value for our customers, partners, and shareholders.”

About Black Box Ltd.

Black Box (BSE: 500463/NSE: BBOX) is a global leader in digital infrastructure solutions, delivering network and system integration, managed services, and technology products to Fortune 100 and top global enterprises. With a presence across the United States, Europe, India, Asia Pacific, the Middle East, and Latin America, Black Box serves businesses across financial services, technology, healthcare, retail, public services, and manufacturing.

Supported by a global team of around 3,600 professionals and strategic partnerships with leading technology providers, Black Box delivers end-to-end solutions in network integration, digital connectivity infrastructure, data centre buildouts, modern workplace solutions, and cybersecurity. Its Technology Products portfolio enhances business operations with cutting edge solutions in AV, IoT, KVM, Networking, Infrastructure, and Cables.

For more information, visit www.blackbox.com

WazirX Launches Crypto Futures With Lowest Trading Fees In The Industry

WazirX today announced the launch of crypto Futures trading, bringing crypto derivatives to Indian traders with a fee structure that makes professional-grade trading accessible to everyone.

WazirX Futures will have a maker fee of 0.02% and a taker fee of 0.04%. Among Indian crypto exchanges, this is the lowest fee, with no volume threshold required to access it. Users can also access Futures directly with INR, without converting to USDT before opening a position, removing a friction point that has historically complicated derivatives trading for Indian retail traders.

"Futures trading in India has meant high fees unless you are a large-volume institutional trader. We have changed that baseline. A trader starting out on WazirX Futures gets the same fee rate as an institutional trader on most other platforms.The aim is to provide a robust platform with low fees for futures traders," said Nischal Shetty, founder, WazirX.

Before accessing Futures, users complete a mandatory knowledge quiz covering leverage, margin and liquidation. The initiative is designed to encourage responsible trading practices, to ensure users are well informed before they participate in Futures trading. At the same time, the platform is investing in user education initiatives to help a broader base of traders understand Futures well.

WazirX Futures is also linked to the platform's ongoing Restructuring. Futures trading will generate further profits from platform operations and directed toward additional recoveries for eligible creditors who hold Recovery Tokens. This is on top of the 85% fund distribution already completed.

WazirX Futures will be expanded in phases, based on liquidity, risk controls and user readiness.

WazirX is one of India’s leading crypto exchanges, with over 16 million registered users. The platform offers a user-friendly way to buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, Solana, Ripple, etc. without any trading fees, at only INR 99 a month. WazirX has partnered with BitGo and integrated Fireblocks’ technology to strengthen digital asset security. WazirX is committed to providing its users with the best possible trading experience, focusing on security, ease of use, and customer support.

For more information about WazirX, please visit: https://wazirx.com/

CSIR-CBRI Hands Over 13 Breakthrough Technologies to Industries and Start-ups

On National Technology Day 2026, CSIR-CBRI Roorkee transferred 13 breakthrough indigenous technologies to industries and start-ups, strengthening India’s innovation ecosystem and advancing the vision of Aatmanirbhar Bharat.

CSIR‑CBRI (Central Building Research Institute), Roorkee, is India’s premier research institute dedicated to building science and technology, established in 1947 under CSIR. It develops innovative solutions for construction, housing, disaster mitigation, fire safety, and sustainable infrastructure.  

Event Overview

• Occasion: National Technology Day, May 11, 2026
• Organizer: Council of Scientific and Industrial Research (CSIR), New Delhi
• Focus: Technology transfers by CSIR-Central Building Research Institute (CSIR-CBRI), Roorkee
• Outcome: 13 indigenous technologies formally handed over to industries and start-ups

Speakers emphasized that these transfers highlight India’s growing research strength and its role in nation-building through technology-led growth and self-reliance.   

Key Technologies Transferred

Technology	Application Area	Impact
Fire-resistant transparent intumescent coating	Wood & substitutes	Enhances fire safety without compromising aesthetics
IPN coating technology	RCC structures	Protects reinforced concrete from corrosion & degradation
Low-carbon footprint brick manufacturing	Sustainable construction	Reduces emissions, supports eco-friendly building
Hybrid solar-assisted heat pump system	Energy efficiency	Cuts energy costs, promotes renewable integration
Prefabricated high-strength steel cord reinforcement	Wall protection	Improves resilience of infrastructure against stress

These innovations target fire safety, green construction, and energy-efficient infrastructure, aligning with India’s sustainability goals.   

Leadership Insights

• Prof. R. Pradeep Kumar (Director, CSIR-CBRI): Emphasized the significance of transferring indigenous technologies on National Technology Day.
• Dr. Ajay Chaurasia (Programme Coordinator, CSIR-CBRI): Highlighted industry-oriented dissemination to accelerate innovation-led development.
• Dr. N. Kalaiselvi (DG, CSIR & Secretary, DSIR): Stated that science and innovation are key drivers of India’s journey to becoming a developed nation.

Additional Highlights

• Release of CSIR Smart Village Initiative video showcasing rural development and sustainable technologies.
• Launch of Annual Report 2025–26 of CSIR-CBRI.
• Vote of thanks by Dr. S. K. Panigrahi, followed by the National Anthem.

Strategic Significance

• Nation Building: Strengthens India’s innovation ecosystem and supports Aatmanirbhar Bharat.
• Sustainability: Promotes eco-friendly construction and energy-efficient solutions.
• Industry Collaboration: Bridges research outputs with industrial applications.
• Global Positioning: Positions India as a hub for affordable, indigenous, and socially relevant technologies.

LVL Zero Onboards Leading Global & Indian Mentors to Power India’s Next Wave of Game Developers

LVL Zero, India’s first-of-its-kind gaming incubator backed by MIXI Global Investments, Nazara Technologies, and Chimera VC, today announced its mentor network for the inaugural cohort, bringing together Indian & global experts across game development, publishing, product, and growth to support India’s emerging game studios.

This mentor ecosystem will work closely with the 10 selected startups, embedding hands-on guidance into LVL Zero’s 100-day execution-driven program to help founders move from early-stage builds to market-ready products.
A Cross-Functional Mentor Network Built for Execution

The mentor cohort spans a wide range of disciplines critical to building and scaling successful game studios globally.

Key areas of expertise include:

• Game design & player experience
• PC, console, and mobile publishing
• Live-ops, retention, and analytics
• User acquisition, marketing, and growth
• Go-to-market strategy and positioning
• Game production, art, and audio
• Startup operations, pitching, and investment readiness

Mentors include Ankit Garg (Zombie Art School), Dr. Yaraslau Kot (University of Warsaw), Terry Lee (Fusebox), Claire Roazain (RZAIN), Dong Dong (NCSoft), Sophie Vo (Rise & Play), and Taha Tinwala (Gameramp), among others.

The network also brings in specialists such as Vivek Ramachandaran (Gameramp), Shashank Vandarangi (Gameramp), Mariusz Gasiewski (Google), Balaji Vijayan (formerly FRVR), Jia Ling Hoo (ID@Xbox), and Dilpesh Parmar (Investor & Advisor, multiple startups).

Further strengthening the ecosystem are experts including Charu Desodt (INT./Night), Nilesh Mange (Mother Grace Productions), Pratik Jaiswal (Sri Durga Arts), Per-Arne (Amplifier Game Invest), Federico Chichi (ROLI), Matthew Quek (Iterco), and Esteban Grellier (NAGA Publishing).

The mentor network is further supported by Gorkem (LUDUS Ventures), Kirill Akimkin (Polden Publishing), Sushant Kulkarni (24 Track Legends), Ravi Mantena and Deepak Gurijala (1312 Interactive), Anurag Choudhary (Felicity), Sadiq Ahamed (Lysto), Robert Huynh (Reforged Labs), and Imtiaz Hussain (formerly Yesgnome).

From Advice to Execution: Embedded Mentorship Model

Unlike traditional incubators, LVL Zero integrates mentors directly into the product development lifecycle. Each startup is paired with dedicated mentors aligned to their platform and stage, with access to a broader network for specialized inputs. Mentors actively participate in:

• Bi-weekly sprint reviews. 
• Product and design feedback loops. 
• QA & Playtesting data analysis & feedback. 
• Go-to-market and publishing strategy

This ensures that mentorship is not theoretical, but directly contributes to shipping better products within tight timelines.

Global Expertise, Local Execution

The mentor network includes operators and experts with experience across global gaming ecosystems, including platforms such as Xbox and leading international publishers.

By bringing this expertise to Indian founders, LVL Zero aims to bridge long-standing gaps in:

• Access to global publishing pathways
• Understanding of live-service and retention systems. 
• Go-to-market and distribution strategy
• Investor and capital readiness. 
• Aligned to a 100-Day Build–Test–Ship Framework

Mentors play a critical role across all phases of the program:

• Ignition (Days 1–15): Defining milestones, product vision, and execution roadmap
• Core Build (Days 16–70): Supporting rapid iteration, playtesting, and validation. 
• Market Readiness (Days 71–100): Preparing for launch, publishing, and investor engagement

By the end of the program, startups are expected to deliver playable builds, validated product loops, and investor/publisher-ready pitches, shaped through continuous mentor intervention.

Sagar Nair, Head of Incubation, LVL Zero said, “Access to capital is important, but what early-stage game studios in India have lacked most is access to real, hands-on expertise. With this mentor network, we are bringing in operators who have built, shipped, and scaled games globally, and embedding them directly into the founders’ journey. This isn’t advisory in isolation, it’s execution support at every step. Over the next 100 days, our focus is simply to help these teams build better products, faster, and prepare them to compete on a global stage.”

Building India’s Execution Layer for Gaming

With its mentor-led model, LVL Zero is positioning itself as more than just an incubator, acting as an execution layer for India’s gaming ecosystem.

As Indian studios increasingly aim to build globally competitive IP across PC, console, and mobile platforms, access to experienced operators across design, publishing, and growth is expected to be a key differentiator.

The mentor network reinforces LVL Zero’s core belief that the next generation of Indian game studios will not just be defined by ideas, but by their ability to execute, iterate, and s

Adani Power Gets CCI Nod to Fully Acquire GVK Energy

Adani Power Ltd has secured approval from the Competition Commission of India (CCI) to fully acquire GVK Energy, marking a significant step in its diversification strategy and expansion into hydropower.

Deal Overview

• Acquirer: Adani Power, India’s largest private power producer
• Target: GVK Energy via subsidiary Alaknanda Hydro Power Ltd
• Asset: 330 MW Srinagar Hydroelectric Project in Uttarakhand
• Process: Acquisition under the Insolvency and Bankruptcy Code
• Regulator: CCI approval granted on May 12, 2026

Strategic Importance

• Diversification: Adani Power strengthens its renewable portfolio by entering hydropower
• Geographic Expansion: Adds Uttarakhand to Adani’s footprint across multiple states
• Energy Security: Hydropower provides clean, reliable baseload energy

Recent Acquisitions by Adani Power (2025–2026)

Acquisition	Location	Capacity	Strategic Value
GVK Energy (AHPL)	Srinagar, Uttarakhand	330 MW hydroelectric	Entry into hydropower; diversification under IBC resolution
Vidarbha Power	Maharashtra	600 MW thermal	Strengthens western India footprint; adds baseload capacity
Druk Green JV	Bhutan	570 MW hydro (JV project)	Expands cross-border clean energy cooperation
Greenfield Thermal Plant	Bihar	2,400 MW (planned)	Expands eastern India presence; long-term supply contracts

Regulatory Context

• CCI Clearance: Ensures the acquisition does not distort competition
• IBC Framework: Highlights Adani’s role in rescuing distressed assets
• Other Deals Cleared: Thriveni Earthmovers’ stake in Lloyds Engineering Works and merger of three entities into LEWL

Implications for India’s Power Sector

• Boost to Hydropower: Strengthens India’s renewable energy mix
• Adani’s Expansion: Reinforces dominance across thermal, solar, and hydroelectric power
• Regional Impact: Uttarakhand gains investment and operational stability
• Capacity Growth: Portfolio set to exceed 16 GW post-acquisitions

This acquisition signals Adani Power’s transition from a thermal-heavy portfolio to a diversified energy leader, positioning it at the forefront of India’s clean energy ambitions.