| |AUGUST 20269Hyundai Motor India has announced the appointment of Mukundan MS as Whole-time Director and Chief Manufacturing Officer, effective September 1, 2026, subject to shareholder approval at the upcoming Annual General Meeting. The board also approved the appointment of Young Geon Kim as Senior Management Personnel from August 1, 2026, following Gopalakrishnan CS's superannuation on August 31, 2026. Mukundan brings over 25 years of experience and currently serves as Function Head of Production, leading capacity expansion, flexible SUV manufacturing, AI-driven quality, carbon neutrality, renewable energy, and ICE and EV readiness. Kim brings over 30 years of experience and has driven production improvements, Genesis readiness, Chennai plant integration, and new plant development initiatives since joining Hyundai Motor India in 2025 recently. Marvell Technology announced a $250 million investment in India over the next three years to strengthen its technology, talent, and infrastructure capabilities. The semiconductor firm plans to double its workforce and expand operations across Bengaluru, Pune, and Hyderabad, driven by rising demand for AI-powered chips. As part of the plan, Marvell will open a new wing at its Bengaluru facility and scale up its Hyderabad presence to boost research and engineering collaboration. The move aligns with India's push to grow its semiconductor ecosystem with government support and funding initiatives. Expanded operations will focus on advanced semiconductor solutions for AI, cloud computing, and data infrastructure, reinforcing India's position as a global hub for innovation, engineering talent, and next-generation chip design and development. . Saviynt has surpassed $300 million in annual recurring revenue, reporting over 80% growth in bookings and maintaining a 96% customer retention rate, reflecting strong demand for identity security solutions. The company also launched Zuma, an AI-driven identity security platform designed to help enterprises manage and secure AI agents, non-human identities, and applications in real time. Saviynt said the platform addresses rising challenges as AI adoption accelerates across business functions. Zuma enables organizations to gain visibility, enforce governance, and ensure accountability across AI systems. CEO Sachin Nayyar said enterprises need advanced control mechanisms as identity security expands beyond human users. The launch marks a significant step in helping businesses securely scale AI adoption with improved oversight, protection, and operational efficiency globally. Hyundai Motor India Elevates Mukundan MS to Whole-time Director, CMO Marvell to Invest $250 Million to Boost India Operations Saviynt Crosses $300 Million ARR, Debuts Zuma AI PRODUCTION EXPANSION AI CHIP INVESTMENT Xflow, a cross-border payments platform, has launched its app on ChatGPT to deliver real-time exchange rate data and AI-powered FX forecasts for businesses. With ChatGPT increasingly used for financial queries, the app aims to provide verified, real-time insights on currency movements, conversion rates, and cross-border payments within a single interface. The solution addresses challenges businesses face in navigating multiple sources for FX information. Xflow enables Indian firms to collect payments from over 100 countries across 25 currencies and supports fintech infrastructure. The company holds RBI authorization under PA-CB and PA-O frameworks and has approval to operate at GIFT City IFSC. Backed by a $16.6 million Series A, Xflow aims to enhance transparency and simplify global payment operations. Xflow Launches FX Forecast App on ChatGPT for Businesses
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