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April 18, 2026

Alt Capital Launches AYF III; Partners with FundsIndia Private Wealth to Raise Rs. 1,000 Crore

Alt Capital, a SEBI-registered Category II AIF manager, today announced the launch of AltCap Yield Fund III (AYF III), the third scheme under its existing Alternative Investment Fund platform. The firm has partnered with FundsIndia Private Wealth to raise Rs. 1,000 crore, with an additional Rs. 200 crore green shoe option. The launch builds on the strong track record of AYF I and AYF II. The maiden scheme has been fully deployed, with approximately Rs. 120 crore invested across four rent-yielding office assets in Bengaluru and Mumbai, delivering a weighted average yield of 8.6%. The second scheme has raised Rs. 135.9 crore, with Rs. 46.41 crore already deployed across two warehouse and office assets in Mumbai, generating a weighted average yield of 8.2%. AYF III will focus on investing in stable, high-quality, pre-leased Grade A/A+ office and warehousing assets, two of India’s fastest-growing real estate segments while avoiding risks associated with greenfield development. The fund is targeting a 16–18% internal rate of return (IRR) over a 4–5 year hold period, with prudent leverage to enhance overall portfolio returns. The investment team is currently evaluating a strong pipeline of approximately Rs. 2,520 crore across Bengaluru, NCR, and Pune. India’s office market is poised for sustained growth, driven by increasing global outsourcing and expansion of Global Capability Centres (GCCs). Multinationals continue to scale operations in India due to significant cost advantages, while domestic technology firms are accelerating office expansion amid return-to-office trends. These dynamics, combined with an easing interest rate cycle, are expected to support cap rate compression and enhance exit outcomes. Alt Capital’s leadership team brings deep institutional expertise, having previously played a key role in building office portfolios at global real estate major Blackstone Group. The team collectively brings experience across over $3 billion in real estate investments. Commenting on the launch, Kunal Moktan, CEO and Co-founder, Alt Capital, said, “Following up on the success of AYF I and AYF II, we are excited to launch the third scheme under AltCap Yield Fund targeting income-generating office and warehousing assets in India.  We believe AYF III is the right vehicle for investors looking to invest in Indian commercial real estate as it ensures diversification across 4-5 assets, advantages of leverage and the potential of sharper exit yields through a portfolio exit.” Srinivas Mendu, CEO, FundsIndia Private Wealth, further stated, “We are delighted to partner with Alt Capital on AYF III as we raise Rs. 1,000 crores from our investors. Our conviction is strengthened by AltCap’s institutional pedigree and its alignment with high-quality platforms backed by WestBridge Capital. The team’s experience, including significant deployment during their time at Blackstone, combined with a disciplined investment approach, gives us strong confidence in the strategy. Importantly, the focus on premium, pre-leased Grade A+ assets with no developer risk provides stability, predictable cash flows, and attractive risk-adjusted returns. We believe this partnership enables us to deliver a compelling solution to our clients, one that combines institutional quality, capital preservation, and steady income, ultimately providing greater confidence and peace of mind in their investment journey.” AYF III is targeted at institutional investors, HNIs, family offices, and select domestic and NRI investors About Alt Capital & Alt Alt Capital is a SEBI-registered Portfolio Manager, Investment Advisor, and Category II Alternative Investment Fund (AIF) manager, focused on delivering returns through high-yield, rent-generating real estate assets across India’s key offshoring hubs. Founded by Kunal Moktan and Hashim Khan, the firm brings deep institutional expertise. Kunal, an IIM Ahmedabad alumnus, has over 15 years of real estate investment experience, including 7+ years with Blackstone Group, while Hashim combines 15+ years of experience in technology and operations with prior leadership roles in a large Middle Eastern real estate conglomerate. Since 2016, the founders have collectively invested over Rs. 2,378 crore in real estate and returned approximately Rs. 675 crore to investors. Alt Capital is a wholly owned subsidiary of Alt, a Series B-funded, tech-enabled platform backed by investors including WestBridge Capital, Lightspeed, Beenext, and Pravega Ventures. Alt has been at the forefront of democratizing access to alternative assets, having pioneered fractional real estate investing in India through Property Share, which became the first platform to receive a Small and Medium REIT license from SEBI. With a presence across Mumbai, Bengaluru, and London, Alt offers access to a diversified suite of alternative investments spanning private credit, real estate, and listed REITs across global markets, serving over 300,000 users and managing more than $250 million in assets.   About FundsIndia Founded in 2008, FundsIndia is one of India’s pioneering digital-first wealth management platforms, focused on simplifying investing for individuals, partners, and families nationwide. Built on a foundation of research-led insights, robust technology, and customer trust, FundsIndia enables investors to make informed, goal-oriented financial decisions with clarity and confidence.  Backed by WestBridge Capital, a leading global investment firm, FundsIndia has further strengthened its capabilities through long-term strategic capital, governance expertise, and a strong focus on scalable, technology-driven growth.The company operates through three integrated business verticals, Digital (Retail), B2B (Partners), and Private Wealth, each led by dedicated leadership and working in close alignment to deliver scalable, long-term value. Together, these verticals serve a diverse investor base through a seamless blend of digital and advisor-led experiences.FundsIndia offers a comprehensive suite of investment solutions spanning mutual funds, equities, insurance, and other wealth products, supported by intuitive digital journeys, strong research capabilities, and personalized guidance. Headquartered in India and backed by institutional investors, FundsIndia remains committed to its mission of making investing simpler, more transparent, and accessible, helping millions of Indians build long-term wealth through disciplined, technology-enabled investing.

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Manipal University Jaipur Hosts Open House with Strong Participation

The Directorate of Admissions at Manipal University Jaipur successfully organized an Open House at the Smt. Vasanti R. Pai Auditorium, drawing a large number of prospective students and their parents.   Open House organised by Manipal University Jaipur The programme commenced with a welcome address by Dr. Madhura Yadav, Dean–Student Welfare, who highlighted the university’s commitment to creating a supportive and inclusive campus environment. This was followed by a leadership address by Dr. Karunakar A. Kotegar, Pro-President, who elaborated on the institution’s academic vision and its focus on holistic student development. The session concluded with a vote of thanks delivered by Dr. Prakash Ramani, Director–Admissions. The Open House served as an interactive platform for attendees to gain comprehensive insights into the university’s academic offerings, infrastructure, and career prospects. Faculty members and university officials engaged directly with participants, addressing queries related to academics, placements, research opportunities, international collaborations, alumni engagement, and student welfare initiatives. Departmental representatives also facilitated in-depth discussions and conducted guided campus visits, allowing visitors to experience the university’s academic and residential environment firsthand. Speaking on the occasion, Dr. Kotegar emphasized the significance of such initiatives in helping students and parents make informed academic choices. “The Open House is an important platform for transparent interaction. We are encouraged by the enthusiastic response and remain committed to guiding students in shaping their academic journey,” he said. He further stressed the importance of holistic development and lifelong learning, urging parents to consider these aspects while planning their children’s future. The event was well received by attendees, reflecting the university’s dedication to fostering student-centric engagement and maintaining academic excellence. The strong participation underscored the growing interest among students seeking quality higher education opportunities. For more information, visit the official website of Manipal University Jaipur jaipur.manipal.edu 

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Arena365 Appoints Nicholas Pooran as Brand Ambassador, Launches New Athlete Partnership Model

Arena365 has announced T20 superstar Nicholas Pooran as its Official Brand Ambassador, marking the launch of a new approach to athlete partnerships in cricket.   Rather than a traditional sponsorship, the collaboration is built around a more connected model — bringing fans closer to the game through real-time moments, interactive experiences, and a new way to engage with cricket as it unfolds.   Nicholas Pooran joins Arena365, the home of Next Over predictions   Pooran, former West Indies captain and one of the most explosive players in world cricket, is widely recognised for his impact across global T20 competitions.   Arena365 is building a cricket-first platform for a global audience — designed around speed, simplicity, and live engagement across every over.   From matchday experiences to real-time predictions, the focus is simple: making cricket faster, more immersive, and more connected for fans everywhere.   Tom Gant, Chief Marketing Officer at Arena365, said, “Most partnerships in sport are just logos and posts. This isn’t. We’re building something that actually connects fans to the game in real time — faster, simpler, and built around how people experience cricket today. This is a different model, and it’s exactly where the space is going.”   Nicholas Pooran added, “Cricket moves fast, and the way fans experience it should match that. Arena365 feels built for the moments that matter — live, simple, and right in the middle of the action. I’m excited to be part of something that’s pushing the game forward.”   The partnership signals Arena365’s ambition to become the world’s most recognisable cricket-first platform, bringing a new kind of fan experience to audiences globally. And this is only the beginning of what Arena365 plans to build in cricket.

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Bisleri International and Pimpri-Chinchwad Municipal Corporation Drive Plastic Waste Management in the City

Unveils recycled plastic benches and waste collection bins under its Bottles for Change Initiative Collection of 219 metric tonnes of used plastic from Pimpri-Chinchwad Municipal Corporation in the year 2025-26   Bisleri International Pvt. Ltd., in partnership with the Pimpri-Chinchwad Municipal Corporation (PCMC), today unveiled recycled plastic benches and plastic collection bins at a ceremony held at the PCMC premises. The initiative, part of Bisleri’s flagship Bottles for Change programme, underscores the company’s commitment to plastic waste management via collection and recycling.   As part of the Greener Promise campaign, Bisleri has installed benches made from recycled plastic and plastic collection bins at the Pimpri-Chinchwad Municipal Corporation (PCMC)   The inauguration ceremony was graced by Shri Ravi Babasaheb Landge, Mayor of Pimpri-Chinchwad Municipal Corporation as the Chief Guest, alongside Dr Pradip Thengal, Deputy Municipal Commissioner & Head of Health Department, Pimpri-Chinchwad Municipal Corporation along with senior officials from PCMC’s Solid Waste Management (SWM) Department and CSR Cell. Bisleri was represented by Mr K Ganesh, Director – Sustainability & Corporate Affairs.   Mr K Ganesh, Director – Sustainability & Corporate Affairs, Bisleri International, said, “Through sensitisation about waste segregation at source, awareness drives and engaging with institutions, Bisleri and Pimpri-Chinchwad Municipal Corporation have demonstrated a successful, practical avenue for waste management. Bisleri is committed to forging meaningful collaborations with various institutions to ensure that proper waste management becomes a norm rather than an exception in India.”   Shri Ravi Babasaheb Landge, Mayor, Pimpri-Chinchwad Municipal Corporation (PCMC) spoke about Bisleri’s continued partnership with the PCMC Municipal Corporation, “Our partnership with Bisleri is a testament to what corporations and governance bodies can achieve when they work together. The company’s initiatives in the city will deflect a significant amount of waste from landfills, raise citizens’ awareness about waste management, and build a foundation for a circular economy.”   Dr Pradip Thengal, Deputy Municipal Commissioner & Head of Health Department, Pimpri-Chinchwad Municipal Corporation added, “Our focus has been on building robust systems for efficient waste management at scale. Bisleri’s ‘Bottles for Change’ initiative is accelerating our progress towards a more sustainable and resource-efficient urban ecosystem.”   The Mayor accompanied by the Deputy Municipal Commissioner – Health, presented certificates of recognition to 8 educational institutions across Pimpri-Chinchwad in acknowledgement of their sustained commitment to collecting plastic waste on their campuses throughout the year.   A highlight of the event was a presentation of the impact of Bottles for Change programme in FY 2025–26. Through Bisleri’s partnerships with municipalities, institutions, and citizens across India, 30,309 metric tonnes of plastic waste has been collected and sent for recycling.   The partnership with PCMC represents Bisleri’s continued expansion of its municipal collaborations that engage and enable communities to adopt good waste management practices. These initiatives are a part of the company’s Greener Promise campaign that include driving plastic circularity, enabling community-led recycling practices, supporting water conservation, and building sustainable waste management ecosystems.   About Bisleri International Pvt. Ltd. With a legacy of over 54 years, Bisleri International Pvt. Ltd has grown to become one of the largest premium beverage businesses in India. Being the makers of the country’s largest-selling packaged drinking water, Bisleri follows a stringent process of 114 quality tests and a 10-stage purification. It remains true to its core value of providing consumers with pure, safe and healthy water.   Bisleri International has a strong presence with 128 operational plants and a robust distribution network of over 6,000 Distributors and 7,500 Distribution Trucks across India and neighboring countries. It offers a range of beverages that are produced for all occasions. Whether it is the promise of goodness, trust, and purity with Bisleri Mineral Water, or a daily dose of health offered through Vedica Himalayan Spring Water. Besides, Bisleri International has ventured into fun-filled refreshments with a diverse range of carbonated drinks available in multiple flavors, such as Pop, Rev, Limonata and Spyci Jeera. These Bisleri products are also available on the e-commerce platform – Bisleri @Doorstep. This D2C platform reassures customers that they will receive a safe and uninterrupted supply of their most trusted brand at their doorstep.   The core values of Bisleri International lie in yielding growth and embedding sustainability by being responsible in all aspects of the business. The organization has unveiled Sustainability 2.0 with Bisleri Greener Promise that focuses on creating greener future for all through implementing initiatives under the program of recycling, water conservation and sustainability.    For more information on Bisleri International, our people, brands, and OSR initiatives, visit www.bisleri.com. 

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Ai+ Smartphone Nova 2 Ultra’s Goes on Sale on FlipKart Starting April 17

Ai+ Smartphone has announced the sale commencement of its latest device, Nova 2 Ultra, as part of the newly launched Nova Series. Designed as the most complete expression of the Nova lineup, the Nova 2 Ultra will be available exclusively on Flipkart and select retail outlets starting April 17 at 12 noon (Day 1 of Sales). Post Day 1, Nova 2 Ultra will again go on sale on April 24, 2026, giving an opportunity to the fans to catch hold of one of the most promising smartphones from the Ai+ Smartphone repertoire.     Ai+ Nova 2 Ultra goes on sale Furthermore, the launch of Nova 2 Ultra builds on the strong momentum of Nova 2, which witnessed an exceptional Day 1 response with all units selling out within 15 minutes underscoring robust consumer demand and growing affinity for the Nova series.   Nova 2 Ultra will be available at the following pricing:   6GB + 128GB | Rs. 14,999* onwards 8GB + 128GB | Rs. 16,999* onwards *Exchange any phone and get Rs. 2,000 additional off (working or damaged phone)   “With Nova 2 Ultra, we wanted to push what is possible at this price point — a Sony camera system, a flagship-grade display, and a design that actively responds to how you use your phone. This is for users who want everything, without having to choose between performance and personality,” said Madhav Sheth, CEO, Ai+ Smartphone and Founder, NxtQuantum Shift Technologies.   Performance and Display Built for More The Nova 2 Ultra is powered by the MediaTek Dimensity 7400 chipset with an octa-core CPU clocked at 2.6GHz and Mali-G615 MC2 GPU, paired with VC cooling for sustained performance through demanding tasks. It runs on Android 16 with NxtQuantum OS, delivering a smooth, optimised experience with real-time privacy transparency through the NxtPrivacy Dashboard. The 6.78-inch 1.5K punch-hole AMOLED display with a 120Hz refresh rate and 1800 nits HBM peak brightness delivers vivid, true-to-life visuals with fluid scrolling whether users are streaming content or navigating everyday tasks. Backing it all is a 6000mAh battery with 40W fast charging, ensuring the device keeps up through even the most demanding days.   A Camera and Design Built to Stand Out The Nova 2 Ultra is equipped with a 50MP Sony Sensor IMX752 primary camera and an 8MP wide-angle lens, backed by Matrix AI Camera processing for detailed, accurate images across conditions. A 13MP front camera ensures sharp selfies and high-quality video calls. The IP68-rated build features dynamic, customizable lights in the back panel for calls & notification and more. It also has customizable action keys for gaming and storage expandable up to 1TB. Available in Blue, Green, Purple, Black, and Red, each finish is designed to make a statement.   What’s in the Box The Nova 2 Ultra comes with free earbuds inside the box with 18W charger, a USB Type-A to Type-C cable, a transparent TPU case, a screen protection film, and a SIM card tray ejector, user guide.   About Ai+ Smartphone Ai+ Smartphone is a next-generation brand built in India, delivering reliable and high-performance mobile experiences. Powered by NxtQuantum OS, India’s first sovereign mobile operating system. The brand focuses on delivering a clean design, ensuring long battery life, and maintaining trusted software performance, all while keeping prices accessible without compromising the user experience.   From redefining smartphones to pioneering AIoT products as part of the company’s Connected Ecosystem, Ai+ Smartphone is creating a new standard for trust, immersive experience, and accessibility. Rooted in a privacy-first architecture and a commitment to equitable access, Ai+ Smartphone stands for more than specs — it stands for India’s next era of user-owned, future-ready technology.   About NxtQuantum Shift Technologies NxtQuantum Shift Technologies is a deep-tech Indian company building secure, sovereign digital platforms for a digital-first world. Founded by Madhav Sheth, the company develops NxtQuantum OS, India’s first sovereign operating system, and is committed to building technology that is authored in India and globally competitive.

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