IZMO Limited’s semiconductor packaging subsidiary, izmomicro, announced its entry into India’s defence electronics sector on Monday.

They disclosing that the company is now engaged with government research establishments, defence public sector undertakings, and private sector defence primes as a packaging partner for mission-critical electronics programs.

The Bengaluru-based company said its packaging capabilities cover radar and sensing systems, high-frequency RF and microwave assemblies for electronic warfare and communications, airborne electronics, and precision guidance systems — segments it described as the highest-complexity portions of the defence electronics supply chain.

The announcement sent IZMO shares to the 5 per cent upper circuit on the NSE, closing at ₹711.20 on Monday, up ₹33.85 from Friday’s close of ₹677.35, on a session that saw the stock trade between ₹643.50 and ₹711.20.

The company cited India’s defence budget of ₹7.85 lakh crore for FY2026–27 — an all-time high — as a key demand driver, noting that three-quarters of capital acquisition spending is now mandated for Indian companies.

The Atmanirbhar Bharat initiative’s Positive Indigenization Lists prohibit imports of hundreds of defence items that can be domestically sourced.

izmomicro claimed to be the only company in India with demonstrated capability across silicon photonics, 3D System-in-Package architectures, and defence-grade hermetic ceramic packaging. The company operates a Class 1000 cleanroom in Whitefield, Bengaluru, with offices in San Francisco and Cologne.

Dinanath Soni, Director of izmomicro, said government policy support for domestic semiconductor capability was creating opportunities for companies with advanced manufacturing expertise, and that the defence entry reflects a focus on high-value applications with long-term strategic relevance.

Published on March 9, 2026

Coforge Limited has been named ServiceNow’s 2026 Partner of the Year for Domain Expertise in Customer Relationship Management (CRM) for the Asia-Pacific region, the company announced today.

The award recognises Coforge’s work in Customer Service Management and CRM solutions built on the ServiceNow AI Platform. The company was cited for capabilities including omnichannel integration, automated case management, and AI-driven personalisation in customer service delivery.

The stock closed at ₹1,168.50 on the NSE, up 0.48 per cent from the previous close of ₹1,162.90, with intraday movement between ₹1,117.50 and ₹1,174.40.

Michael Park, Senior Vice President for Global Partnerships and Channels at ServiceNow, said the recognition reflected Coforge’s ability to translate platform capabilities into measurable client outcomes, noting that customers seek the fastest route from AI ambition to business results.

Ashish Kumar, SVP and Global Business Head for Cloud at Coforge, attributed the recognition to the company’s focus on combining ServiceNow’s AI capabilities with deep domain expertise to generate outcomes for clients.

The ServiceNow Partner Awards are evaluated on customer success, innovation, and business impact across multiple categories and geographies.

Coforge operates 33 global delivery centres and has a presence in 25 countries. The company focuses on sectors including insurance, banking, travel, and healthcare, using technologies such as AI, cloud, data integration, and automation. It is headquartered in Greater Noida, India, with its registered office in Gurugram, Haryana.

Published on March 9, 2026

Federal Bank has announced the launch of its wealth management platform and the inauguration of its first Wealth Hub, marking the next phase of the bank’s strategic expansion in the wealth management business.

The bank will establish dedicated Wealth Hubs across key locations.

These specialised centres will provide clients with a private, premium environment to engage with relationship managers and portfolio counsellors, review investment strategies, and access research insights across asset classes through both in-person and virtual consultations., said a press release

As part of this strategic expansion, and to align with the bank’s evolving product and service architecture for affluent and UHNI clients, the existing arrangement between Federal Bank and Equirus Capital Private Limited (“Equirus”) for wealth management services will be restructured.

Customers who currently avail wealth management services through the existing arrangement with Equirus will continue to do so without disruption under the current framework.

Federal Bank continues to hold 8.69 per cent stake in Equirus. The Bank and Equirus will continue to collaborate to fulfill the investment needs of UHNI category customers by offering select products and services from the Equirus wealth management suite.

Published on March 9, 2026