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ASM Technologies announced a strategic investment and strategic partnership in Myelin Foundry to deploy patented, high-performance AI solutions. ASM has signed definitive agreements to invest approximately Rs 48 crore to acquire an aggregate 20% stake in Myelin Foundry.
This will address evolving industry requirements across semiconductor, electronics, solar and engineering, where real-time operational intelligence and equipment reliability are increasingly critical.
The partnership integrates Myelin's edge-first AI stack—specializing in predictive intelligence and multimodal analytics—directly into ASM's engineering design led manufacturing portfolio.
Aurionpro Solutions announced the successful go-live of its next-generation cash management platform, iCashpro, at Commercial Bank of Ceylon (CBC), Sri Lanka. This marks a major milestone in CBC's digital transformation journey to strengthen its corporate and institutional banking capabilities.
Under this partnership, Aurionpro has implemented its payments and portals stack within the iCashpro platform at CBC, setting the foundation for a comprehensive modernization of the bank's cash management stack. Future phases will extend to liquidity management, post-dated cheque (PDC) reporting, and virtual account management, delivering a unified, end-to-end digital experience for corporate customers.
With the go-live of iCashpro's payments functionality, CBC can now offer enhanced speed, security, and control to its corporate clients while improving operational efficiency and scalability. The deployment reinforces the bank's commitment to innovation and customer-centricity as it continues to lead Sri Lanka's banking sector in digital capability and excellence.
Authum Investment & Infrastructure announced that the Committee of Creditors of Wind World (India), a company incorporated under the provisions of the Companies Act, 1956, having corporate identification number (CIN) U31200DD2003PLC003236 (WWIL), has approved the resolution plan submitted under the Insolvency and Bankruptcy Code, 2016 (Resolution Plan) by a consortium comprising Inox Neo Energies (INEL or Lead Member) and the Company (together, Consortium) and the Consortium has been declared as the Successful Resolution Applicant.
In this connection, the Resolution Professional has issued a letter of intent dated 19 February 2026 in favour of the Consortium, which has been accepted by the Consortium.
The Resolution Plan submitted by the Consortium inter alia envisages that the Lead Member and/or its affiliates shall acquire the IPP and power sale undertaking and the operations and maintenance (O&M) business of WWIL, while the Company and/or its affiliates shall acquire certain identified real estate / assets from WWIL. The financial commitment of the Company under the Resolution Plan is approx. Rs 350 crore.
Wind World (India) Limited is engaged in manufacturing, IPP operations and O&M services, with ~550 MW installed IPP capacity, and an O&M portfolio of ~4.5 GW, in addition to certain real estate assets. WWIL is a currently undergoing CIRP, which was commenced pursuant to an order dated 20 February 2018 passed by the Adjudicating Authority.
As per the available financial statements, the turnover of WWIL for the financial years ended March 31, 2025, March 31, 2024, and March 31, 2023 were Rs. 665.95 crore, Rs. 583.20 crore, and Rs. 529.28 crore respectively.