Honasa (Mamaearth) Forging Ahead After Consolidation

Honasa Consumer Ltd. continues to lead the dynamic changes in India’s beauty and personal care landscape with remarkable resilience.

Founded by the visionary duo Varun and Ghazal Alagh, the company has masterfully navigated the complexities of scaling a modern digital-first brand.

Honasa had reported an impressive FY26 operating revenue of Rs 2,392 crore, alongside a profit after tax of Rs 200 crore.

This spectacular financial growth highlights the enduring strength of their flagship brand, Mamaearth, and their broader strategic vision.

A critical turning point was the management’s astute decision to optimize, rather than abandon, their massive offline presence.

By shifting away from a bloated super-stockist model to direct distributors, they cleared inventory gluts and drastically improved margins across their physical retail channels.

This strategic omnichannel pivot not only stabilized operations but also turbocharged their growth trajectory in the digital-first cosmetics and skincare segments.

Today, Honasa is reaping increasing returns from its thriving portfolio of non-Mamaearth brands, including The Derma Co, Aqualogica, BBlunt, Dr. Sheth’s, Staze, and Lumineve.

Adding another exciting dimension to their growth, Honasa has recently made a strategic foray into the wellness and nutraceutical supplement space, by acquiring a majority stake in Fluence Pharma.

In a major milestone that sets them apart from many new-age startups, Honasa had also declared its maiden dividend of Rs 3 per share for FY26.

For long-term believers and investors, the wealth creation over the last couple of years has been truly impressive.

Since its IPO, and particularly after touching a low of Rs 198, the stock has staged a rapid and remarkable recovery to trade strongly around Rs 465.

This strong rebound in a relatively short timeframe underscores renewed market confidence in their profitable growth model.

Ultimately, Honasa’s journey from a niche startup to an expanding House of Brands is a proud achievement for its founders, dedicated team, loyal consumers, and investors. Do you agree?

ICFAI Law School Conducts 11th N.J. Yasaswy Memorial Moot Court Competition

The 11th N.J. Yasaswy Memorial Moot Court Competition, hosted by ICFAI Law School Hyderabad, concluded on September 6, 2026, marking another successful year of fostering legal acumen among India's brightest young advocates. This year, Parul Institute of Law clinched the championship, taking home the top honor from a ₹2,00,000 prize pool. The three-day event culminated in a grand valedictory ceremony graced by Hon’ble Sri Justice Gadi Praveen Kumar and Hon’ble Sri Justice Suddala Chalapathi Rao of the Telangana High Court. Both esteemed judges inspired the emerging generation of lawyers, emphasizing the growing representation of women in the legal profession, the foundational importance of constitutional rights, and the non-negotiable need for integrity and clean hands in the pursuit of justice.

The 3-day Sri N J Yasaswy Memorial 11th Moot Court Competition, 2026 organised by ICFAI Law School Hyderabad has concluded on 6th September 2026 at the ICFAI Campus. Hyderabad. The 3-day Competitions were held from 4th September 2026 to 6th September 2026.

Shri N. J. Yasaswy Memorial Moot Court Competition is organized annually in honour of the Founder, Late Shri N. J. Yasaswy, with the aim of fostering legal knowledge, research acumen, leadership, and camaraderie among law students across the country. The 11th edition in 2026 once again upheld this vision, providing a platform for young advocates to sharpen their advocacy skills and excel in the field of law.

The ICFAI Law School is a significant segment of the ICFAI Foundation for Higher Education, Declared as a Deemed-to-be University established under section 3 of UGC Act, 1956. Established in the year 2010, the Law School has successfully completed a decade in professional teaching. It offers BBA LL.B (Hons) BA LL.B (Hons) five year integrated courses and two year LLM course recognized by Bar Council of India. It also offers PhD Program in Law and various Certificate Programs.

The competition concluded with a valedictory ceremony attended by the Guest of Honour, Hon’ble Sri Justice Gadi Praveen Kumar, Judge, High Court for the State of Telangana and the Chief Guest, Hon’ble Sri Justice Suddala Chalapathi Rao, Judge, High Court for the State of Telangana.

Addressing the gathering Hon’ble Sri Justice Gadi Praveen Kumar, reflected on the growing presence and increasing representation of women in the legal profession, noting that this progress serves as an inspiration for young law students. He encouraged the students to work hard, remain committed to their goals, and make meaningful contributions to the field of law. 

His Lordship shared his admiration for Articles 14 and 19 of the Constitution of India, emphasising their significance in safeguarding equality and fundamental freedoms, and further dwelt upon the importance of Part IV of the Constitution - the Directive Principles of State Policy - which lays down the guiding principles for achieving social and economic justice and strengthening the foundations of a welfare-oriented society.

Hon'ble Sri Justice Suddala Chalapathi Rao, in his speech highlighted on the importance of gender equality and its recognition since ancient times. He observed that law students today enjoy far greater opportunities for their integral development, which is crucial for entering the legal profession, and expressed his high expectations of the future advocates, legal academicians, and judges who will emerge from Generation Z - a generation known, as he remarked, for its proactive approach to situations and challenges. 

Invoking the time-honoured maxim that "one who comes to the court must come with clean hands," His Lordship underscored the honesty and integrity that must guide every practitioner of law. He concluded by wishing the students the very best in their future endeavors and reaffirming his abiding trust in the younger generation.

The Shri N. J. Yasaswy Memorial 11th Moot Court Competition 2026 had a total cash prize pool of ₹2,00,000/-. The Winners of the competition were Parul Institute of Law, Parul University and the First Runner-up were SVKM NMIMS, School of Law, Bengaluru and Second Runner-up were New Law College, Bharathi Vidyapeeth (Deemed to be University), Pune. Best Memorial was secured by St. Joseph College of law, Best Speaker was secured by KIIT School of Law, KIIT UNIVERSITY, Best Researcher was secured by Shiv Nadar School of Law, Shiv Nadar University.

Presidential Remarks were delivered by Prof. Pujari Ravisekhararaju, Director, ICFAI Law School, Hyderabad reflecting upon the three-day competition. Prof. Vijender Kumar, Director General, Law School, Hyderabad, encouraged students to value the knowledge and skills gained through competition and carry forward the spirit of excellence and continuous learning. 

The event was attended by Smt. Sobha Rani Yasaswy, Chairperson ICFAI Society, Dr. Sayan Das, Coordinator, Moot Court Society, ICFAI Law School, Dr. Sridevi D. Shet, faculty and students at large.

Waaree Energies - Holding Its Forte Against Conglomerates

Amid intensifying competition from India's largest business groups, Waaree Group, led by its flagship Waaree Energies, continues to hold its fort as a dominant market leader.

This is no small feat as India’s solar energy landscape is undergoing a massive transformation, drawing major investments from diversified conglomerates like Tata, Adani, and Mahindra.

Serving a central role within the broader Waaree Group - alongside other listed entities like Waaree Renewable Technologies and Waaree Technologies - Waaree Energies is the primary engine of this green revolution.

Under the strategic foresight of Dr. Hitesh Chimanlal Doshi and key directors like Viren Chimanlal Doshi, the company has scripted a spectacular business story.

Its financial trajectory has been remarkable, highlighted by FY26 revenues jumping 84% year-on-year to Rs 26,537 crore and profits surging by 101% to Rs 3,884 crore.

This operational excellence has driven immense wealth creation for its shareholders in a remarkably short time.

In under two years since its market debut, the stock has delivered a rapid 91% rise from its IPO price as of now.

Looking ahead, Waaree Energies is aggressively pursuing its next phase of scaling.

The company recently secured a Rs 10,000 crore QIP mandate to help fund a monumental Rs 30,000 crore capex plan aimed at expanding cell, wafer, and energy storage capacities.

The company is also expanding its global footprint with impressive solar manufacturing plans in the US.

A recent US customs determination regarding historical imports was quickly clarified by the company, assuring stakeholders that ongoing US deliveries and operations remain entirely unaffected.

Meanwhile, a smooth internal ownership transition is underway, with SEBI granting an open offer waiver for transferring promoter shares to a family trust for succession planning.

This ensures long-term management continuity without impacting public shareholders or altering control structures.

Successfully navigating regulatory landscapes while rapidly scaling capacity showcases the deep resilience of the Waaree team.

As they power ahead with their multi-gigawatt ambitions, Waaree Energies remains a proud pillar of India’s renewable energy independence. Do you agree?

A New Era for IFHE & ICFAI, as IIM Veteran Dr. A. Vinay Kumar Appointed as VC

The ICFAI Foundation for Higher Education (IFHE) in Hyderabad is charting a bold new course with the appointment of distinguished finance scholar Dr. A. Vinay Kumar as its new Vice Chancellor, effective August 3rd, 2026. Bringing over 27 years of higher education experience - including two decades of leadership at the Indian Institute of Management Lucknow - Dr. Kumar is poised to guide the NAAC ‘A++’ accredited institution through a transformative era. His extensive track record features securing global accreditations like AACSB and AMBA, elevating NIRF rankings, and spearheading curriculum overhauls aligned with the National Education Policy. As artificial intelligence and changing industry demands reshape learning, Dr. Kumar’s mandate focuses on deepening global engagement, fostering entrepreneurship, and elevating ICFAI’s research ecosystem to prepare students for a rapidly evolving world.

The ICFAI Foundation for Higher Education (IFHE), Hyderabad, has appointed Dr. A. Vinay Kumar as its Vice Chancellor, with effect from  August 3rd , 2026, bringing to the institution more than 27 years of experience in higher education, academic leadership, institutional governance and strategic development.

Dr. Vinay Kumar is a distinguished academic and finance scholar with over two decades of experience at the Indian Institute of Management Lucknow, where he served as Professor and Associate Professor of Finance and held several important institutional responsibilities. His experience encompasses academic administration, institutional development, research, accreditation, curriculum transformation, executive education and financial stewardship.

The ICFAI Foundation for Higher Education (IFHE) is a Deemed-to-be University under section 3 of the UGC Act 1956. ICFAI Business School (IBS) is a constituent of IFHE. More than  6,500 students are pursuing various programs in the Faculty of Management (ICFAI Business School), Faculty of Science & Technology (ICFAI Tech), Faculty of Law (ICFAI Law School) and ICFAI School of Architecture, NAAC, an autonomous institute of University Grants Commission has also accredited The University with ‘A++’ Grade with an impressive score (institutional CGPA) of 3.59 out of 4. ICFAI Foundation for Higher Education is now a Category-1 Autonomous Institution.

Over the course of his career, Dr. Kumar has provided leadership across diverse areas of higher education, including institutional development, academic restructuring, accreditation and rankings, doctoral education, research ecosystems, entrepreneurship, executive education and industry engagement. His institutional leadership experience includes managing large and multidisciplinary academic portfolios, with responsibilities covering more than 11,000 students and over 25 departments.

He has a strong track record in institutional elevation and quality enhancement, including strategic work relating to NIRF rankings and international accreditations such as AACSB, AMBA and SAQS. He has also led initiatives in curriculum redesign, NEP-aligned academic programmes, AI integration in higher education, learning innovation, entrepreneurship and research.

At IIM Lucknow, Dr. Vinay Kumar served as Chairman of the Doctoral Programme and held key institutional responsibilities including Chairmanship of the Audit Committee and Employee Provident Fund. He also led structural and curricular reviews of major academic programmes and conceptualised and established the institution's Case Research Center, developing partnerships with  leading international case research organisations.

His academic and executive education experience extends to collaborations with leading global institutions including Cambridge University, Oxford University, London School of Economics, Erasmus University, University of Melbourne and National University of Singapore. He has also designed and delivered executive development programmes for major public and private sector organisations.

A finance scholar by training, Dr. Vinay Kumar's research interests include venture capital, market microstructure, options and derivatives, sentiment analysis in financial markets and corporate governance. He holds a Ph.D. in Business Management (Finance) from Osmania University and has undertaken executive pedagogy training at Harvard Business School.

Dr. Kumar's appointment comes at a time when higher education is being reshaped by artificial intelligence, interdisciplinary learning, changing industry requirements, global academic engagement and the evolving framework of the National Education Policy.

At ICFAI, his mandate will be to build upon the institution's existing academic strengths while advancing academic excellence, research and innovation, global engagement, industry partnerships, entrepreneurship and new-age learning.

Dr. A. Vinay Kumar, Vice Chancellor, ICFAI Foundation for Higher Education, said: “I am delighted to take on the responsibility of leading ICFAI Foundation for Higher Education at an important stage in its institutional journey. ICFAI has built a strong academic foundation, and I look forward to working with the faculty, students, staff, alumni and other stakeholders to further strengthen its academic and research ecosystem, foster innovation and entrepreneurship, deepen industry and global engagement, and prepare our students for a rapidly changing world.”

ICFAI Group Flagship IFHE Gets DIAMOND Rating in its First QS I-GAUGE Assessment

In a landmark achievement for higher education in Telangana, the ICFAI Foundation for Higher Education (IFHE), Hyderabad, has clinched a prestigious DIAMOND rating in its maiden QS I-GAUGE assessment. As the first institution in the state to earn this rigorous 360-degree quality badge, IFHE has firmly cemented its status as a powerhouse of academic excellence. Modeled on the globally recognized QS Stars methodology, the assessment evaluated the university across multiple stringent parameters. IFHE not only secured the overall Diamond status for high pedagogical standards and robust employability outcomes but also captured the highest possible PLATINUM badge in Faculty Quality, Social Responsibility, Governance, and Academic Development. This milestone reflects a thriving academic ecosystem, reaffirming the Category-1 autonomous university’s unwavering commitment to delivering world-class, nationally competitive education.

ICFAI Foundation for Higher Education,(IFHE) Hyderabad, has been conferred the prestigious DIAMOND rating in QS I-GAUGE assessment, signifying the institution’s commitment to academic excellence, national competitiveness, and highly efficient institutional practices.

QS I-GUAGE is a comprehensive, independent, and quality rating assessment framework designed to rank India’s education institutions. Under this framework, institutions undergo a 360-degree assessment and receive quality badges based on their performance across various criteria that cover teaching and learning, student quality, governance, research, etc.

The ICFAI Foundation for Higher Education (IFHE) is a Deemed-to-be University under section 3 of the UGC Act 1956. ICFAI Business School (IBS) is a prestigious constituent of IFHE. More than  6,500 students are pursuing various programs in the Faculty of Management (ICFAI Business School), Faculty of Science & Technology (ICFAI Tech), Faculty of Law (ICFAI Law School) and ICFAI School of Architecture. 

NAAC, an autonomous institute of University Grants Commission has also accredited The University with ‘A++’ Grade with an impressive score (institutional CGPA) of 3.59 out of 4. ICFAI Foundation for Higher Education is now a Category-1 Autonomous Institution.

Developed under the QS (Quacquarelli Symonds) brand in partnership with local education experts, and modelled on the globally recognised QS Stars methodology, QS I-GUAGE evaluates universities across parameters such as teaching and learning, employability, research and innovation, governance, and social responsibility. 

Institutions are assessed by the QS Intelligence Unit in London and awarded ratings ranging from Bronze to Platinum+, offering students and stakeholders a credible, 360-degree benchmark of institutional quality.  

ICFAI Foundation for Higher Education has shown strong performance across several key dimensions like Teaching and Learning, Employability, and Facilities, were rated DIAMOND, indicating high pedagogical standards, positive student outcomes, strong industry partnership, and top-tier infrastructure. 

ICFAI secured the highest possible badge – PLATINUM in Faculty Quality, Social Responsibility, Governance and Structure, and Academic development, which further highlights the institution’s commitment to faculty quality, robust institutional frameworks, efficient administrative framework, and governance initiatives. 

The QS I-GUAGE DIAMOND is a recognition of the strong academic ecosystem that ICFAI Foundation for Higher Education has built over the years, as the institution looks forward to renewed commitment to excellence and continuous improvement.

ICFAI is the first higher education institution to receive QS I-GAUGE rating in the State of Telangana. Speaking on the achievement, Vice Chancellor Prof. A. Vinay Kumar said, “This DIAMOND rating is a proud moment for our entire university community. It reflects the dedication of our faculty, staff, and students, and reaffirms our commitment to delivering world-class higher education.”

ICFAI Hosts Keynote Address Explaining AI’s Impact on Healthcare

Artificial Intelligence is ultimately poised to democratize global healthcare, not by replacing physicians, but by empowering those who embrace it. This was the core message from Dr. D. Nageshwar Reddy, Chairman of AIG Hospitals, during his keynote address delivered on the 16th Foundation Day of the ICFAI Foundation for Higher Education (IFHE). Celebrating the legacy of late Founder Sri N. J. Yasaswy, the event was presided over by Chancellor Dr. C. Rangarajan, who underscored the need for responsible innovation. As a Category-1 Autonomous, NAAC A++ accredited Deemed-to-be University educating over 6,500 students, IFHE provided a fitting academic backdrop for Dr. Reddy’s insights into multimodal AI. He emphasized that the future of medicine remains firmly rooted in human empathy, seamlessly augmented by revolutionary algorithmic clinical efficiency.

The prestigious event was hosted at IFHE, an institution recognized globally for its rigorous academic environment. Operating as a Deemed-to-be University under section 3 of the UGC Act 1956, the institution boasts an impressive institutional CGPA of 3.59 out of 4. It serves as a vital hub for multidisciplinary learning, with students pursuing dynamic programs across its several faculties.

These include the Faculty of Management, the Faculty of Science & Technology, the Faculty of Law, and the ICFAI School of Architecture. Setting this stage, Vice Chancellor Dr. T. Koti Reddy opened the function by recollecting the visionary leadership of Sri N. J. Yasaswy, whose commitment to institution building continues to drive the University's mission forward.

Addressing an audience of faculty, students, Vice Chancellors, advisors, and research scholars, Dr. Reddy dispelled the widespread anxiety among medical practitioners regarding AI integration. He remarked that AI will not replace doctors, but doctors who know how to use AI will replace those who do not, emphasizing that modern healthcare increasingly relies on multimodal AI to elevate diagnosis, treatment, and patient care.

The transformation is already well underway across various medical disciplines. Dr. Reddy noted that AI applications are accelerating breakthroughs in pharmaceuticals, slashing drug discovery timelines from decades to a mere two years. Furthermore, AI is revolutionizing specialized care including radiology, precision medicine, genomics, dermatology, and telemedicine. He also pointed out that AI is enhancing early cancer detection through the AI-powered analysis of CT scans.

Moving from theory to practice, Dr. Reddy shared compelling use cases from AIG Hospitals that demonstrate how artificial intelligence actively mitigates clinical fatigue and improves outcomes. He introduced MIRA, an AI-powered assistant that actively supports doctors and nurses, fields patient queries, cuts consultation waiting times, and aids in medical education. He also detailed the iSAVE early warning system, which continuously monitors critical patient parameters and alerts doctors nearly an hour before a patient’s condition severely deteriorates.

AI also simplified the hospital's pre-anaesthesia evaluation by recommending a centralized pre-surgery lounge. This logistical pivot reduced patient fatigue and caused surgery dropout rates to plummet from nearly 20 percent to about one percent. In addition, AI tools assist in managing AIG's high-volume endoscopy services, where roughly 700 procedures are conducted daily.

Looking toward large-scale public health impact, Dr. Reddy highlighted AI's role in tackling India's fatty liver disease burden through affordable screening that utilizes simple clinical parameters in place of expensive diagnostic tests. 

AI-enabled clinical documentation systems are also automatically generating medical summaries from doctor-patient conversations, freeing physicians to spend more meaningful time interacting with their patients. Moving forward, AIG aims to pioneer interoperable medical records for seamless sharing across hospital networks.

Embracing this tech-forward future requires careful stewardship. While studies indicate that AI can actually improve patient engagement, Dr. Reddy cautioned that expanding adoption must be accompanied by strict adherence to data quality, ethics, privacy, and regulatory standards.

Echoing these sentiments in his presidential address, Chancellor Dr. C. Rangarajan observed that AI remains in its infancy, and its long-term impacts have yet to fully unfold. Acknowledging how AI is transforming the educational landscape for both teachers and students, Dr. Rangarajan concluded with a vital mandate. Healthcare innovations must be wielded responsibly, ensuring that the remarkable benefits of artificial intelligence reach every section of society.

KEI Industries - Meeting the Rising Demand for Wires & Cables

India’s cables and wires sector has witnessed a quiet but monumental transformation, and KEI Industries stands at the very heart of this growth story.

Under the visionary leadership of Chairman and MD Anil Gupta, alongside a dedicated team of key executives and directors, the company has evolved into an undeniable industry heavyweight with over Rs 50,000 crore in market cap.

To broaden its brand appeal, the company recently welcomed dynamic actress Rashmika Mandanna as its brand ambassador, highlighting its focus on modern consumer connection.

The recent commencement of its massive Rs 2,000 crore greenfield expansion in Sanand, Gujarat, is a striking testament to this ambition.

For long-term investors, the wealth creation journey has been nothing short of spectacular.

From an all-time low of around Rs 6.70 to a recent all-time high of over Rs 5,700, the stock has delivered staggering returns over the past couple of decades.

This phenomenal rise reflects deep operational resilience and a steadfast commitment to execution from the entire team.

Furthermore, its strategic visibility as a Principal Partner for the Lucknow Super Giants (LSG) for the IPL 2026 season further solidifies its position as a trusted and ubiquitous brand across the nation.

However, the business landscape is dynamic, and new headwinds are appearing on the horizon.

The imminent entry of the Aditya Birla Group into the sector promises to intensify competition significantly.

Furthermore, a recent downgrade and cautious stance from Kotak has sparked some near-term debate among market watchers.

Yet, KEI’s robust order book, diversified product mix, and established institutional relationships provide a strong buffer to weather this incoming storm.

Counterbalancing the recent skepticism, other prominent brokerages remain highly optimistic about the company's fundamentals.

Ultimately, KEI’s trajectory from a small manufacturing unit to an infrastructure backbone is a proud achievement for its founders, employees, and early believers.

As the company powers ahead, its strategic foresight makes it a fascinating Indian corporate story to follow. Do you agree?

ICFAI Hosts 18th Annual Doctoral Thesis Conference

As India navigates the turbulent waters of international trade disruptions and global supply chain uncertainties, the path forward lies in strategic resilience and sustainable energy. This was the resounding message at the 18th Annual Doctoral Thesis Conference, jointly hosted by the ICFAI School of Social Sciences (ISoSS) and the Indira Gandhi Institute of Development Research (IGIDR) on June 4 and 5, 2026. Drawing nearly 200 top-tier research scholars nationwide, the hybrid event featured a powerful keynote by the Vice- Chancellor of ICFAI Foundation for Higher Education (IFHE) and former RBI Governor Dr. C. Rangarajan. He dismantled fears surrounding the falling rupee, attributing current economic hurdles to exogenous global shocks rather than domestic weakness. Dr. Rangarajan outlined a robust three-pronged strategy prioritizing diplomatic diversification, energy security, and selective import substitution. Complementing this vision, IGIDR Director Prof. Basanta Kumar Pradhan tackled the evolving architecture of global climate finance, cautioning against greenwashing.

The 18th Annual Doctoral Thesis Conference, jointly organized by the ICFAI School of Social Sciences (ISoSS), Constituent Unit of  ICFAI Foundation for Higher Education, Hyderabad, and the Indira Gandhi Institute of Development Research (IGIDR), Mumbai, was inaugurated on June 4, 2026. Conducted in a hybrid mode, the two-day conference brought together eminent academicians, researchers, faculty members, and doctoral scholars from across the country.

The conference has emerged as a significant academic platform for doctoral researchers to present their work, receive expert feedback, and engage in scholarly dialogue. The strong response to the event, with participation from nearly 200 research scholars representing leading institutions including IIMs, IITs, NITs, IIITs, Jawaharlal Nehru University, and several Central and State universities, reflects its growing importance in India's research ecosystem.

The keynote inaugural address was delivered by Dr. C. Rangarajan, Former Chairman, and Economic Advisory Council to the Prime Minister, and Former Governor, Reserve Bank of India, Chancellor, ICFAI Foundation for Higher Education, who underscored the critical role of universities and research institutions in advancing knowledge. Analyzing the current economic challenges facing India, he noted that many of the difficulties confronting the country are the result of external or exogenous shocks like  the international trade disruptions, and tensions in West Asia, rather than domestic weaknesses. 

These developments have affected global supply chains, increased energy and food prices, and created uncertainty in international financial markets. He emphasized that in spite of a falling rupee, India’s fundamentals remain strong, and the end of the war would revive the value of the rupee. According to him, recent currency pressures have been influenced largely by capital outflows,  rather than by structural weaknesses in the economy. 

Addressing the policy response to such external shocks, Dr. Rangarajan outlined a three-pronged strategy. In the short term, he stressed the importance of diplomatic engagement and diversification of supply sources. In the medium term, he advocated the creation of strategic buffers, particularly in critical areas such as energy security. For the long term, Dr. Rangarajan highlighted the need for efficient and selective import substitution in strategically important sectors. 

He argued that India's objective should not be self-sufficiency at any cost, but rather the development of competitive domestic capabilities in critical areas where excessive dependence on imports may pose risks.  He also stressed the importance of accelerating the transition towards alternative and sustainable energy sources, including renewable energy and electric mobility, to strengthen India's long-term energy security and reduce vulnerability to glob al disruptions. Concluding his address, Dr. Rangarajan called upon researchers and doctoral scholars to address contemporary economic and social challenges through rigorous research, robust data analysis, and innovative methodologies. 

Delivering the special address, Prof. Basanta Kumar Pradhan, Director (Vice-Chancellor), IGIDR, Mumbai, spoke on “The Global Climate Finance Landscape: Concepts, Architecture, and the Road Ahead.” He explained the distinctions among climate finance, green finance, transition finance, and sustainable finance, emphasizing the need to avoid greenwashing. 

Tracing the evolution of climate finance from the Rio Earth Summit and the United Nations Framework Convention on Climate Change to recent global climate negotiations, he discussed changing patterns in climate finance, including the growing role of private finance and project-based funding.

The inaugural session was graced by Dr. Tamma Koti Reddy, Vice-Chancellor, IFHE, Hyderabad. Welcoming the gathering, Prof. C. S. Shylajan, Director, ICFAI School of Social Sciences, highlighted the conference's role in nurturing research excellence and fostering intellectual exchange among young scholars and experts from diverse disciplines.

The conference featured technical sessions covering a wide range of disciplines, including Agricultural Economics and Sustainability, Development Economics, Entrepreneurial Development and General Management, Behavioral Economics and Psychology, Finance and Accounting, Health Economics, Human Resource Management and Organizational Behaviour, Macroeconomics and International Economics, Marketing and Business Strategy, and Sociology and Public Policy. 

The sessions chaired by distinguished academicians, policymakers, and industry experts who provided  guidance and feedback to participating scholars. Paper presentations and academic discussions were made on June 5, 2026. 

The ISoSS intends to offer distinctive, high value education programs at the under-graduate and post graduate levels, and promote high quality research at the masters and doctoral degree levels. Currently, the institution offers a 3-year BA undergraduate and a 2-year MA postgraduate degree programs in Economics, and a doctoral research program leading to a PhD. 

Towards internationalizing higher education, a 4-year BA Economics Program leading to an undergraduate degree with Honors or Honors with Research was offering from 2023-24 academic year. In the academic year 2024-25 the School offers a 3-year B.Sc. (Psychology), a 4-year B.Sc. (Psychology (Honors) and a 4-year B.Sc. (Psychology (Honors with Research). 

A masters level research program leading to an MS (by research) degree is also being conceived of. Going forward, the ISoSS proposes to offer double-degree programs leading to BA Economics with Psychology, or Law, or Data Analytics, or Management.

Why All Warring Nations Have Lost Big in the Middle East War

The scorched landscapes of the Middle East have become yet another proof for the futility of modern warfare. What began as an ill-conceived surgical strike has spiraled into a multi-front conflagration that has drained treasuries, leveled cities, and shattered the illusion of decisive military success. And a deeper look at the balance sheets reveals a sobering truth: every major player has suffered losses that will take a generation to recoup.

Israel had entered 2026 facing its most grueling economic landscape in decades. According to recent Bank of Israel reports, the country had lost over $57 billion between 2023 and 2025 - a staggering 8.6% of its annual GDP. The 2026 budget has already been revised to add an additional $13 billion for the ongoing military operations, as the nation grapples with a massive deficit and a fractured labor market. 

Beyond the capital, the social fabric is strained by the prolonged mobilization of reservists, and a tourism sector that has effectively evaporated. Israel may point to the tactical degradation of its enemies' leadership as a supposed gain, but this so-called achievement is dwarfed by the long-term erosion of its economic stability, military security and international standing.

For the United States, the regional crisis has been a relentless drain on both its soft and hard power. Conservative estimates from the Costs of War Project indicate that the US spending on Israeli & Saudi military aid and regional operations - including countering Houthi threats - had exceeded $22.7 billion in just the first year of the conflict itself. By 2026, this figure has swelled, involving massive deployments of Carrier Strike Groups and advanced missile defense systems like the THAAD.

Diplomatically, Washington’s leverage has plummeted as it struggles to balance domestic dissent with its regional commitments. The US can claim the arguable gain of demonstrating its reliability as an ally to the oil-rich GCC countries, yet this rings hollow against the backdrop of a multi-billion dollar war bill and a significantly diminished ability to influence global peace, going forward.

Iran’s strategy of regional dominance via proxies like the Hamas, Hezbollah & Houthis has resulted in its own domestic ruin and near total loss of its leadership. Following direct strikes on its infrastructure, Iran’s economy is projected to shrink by 10% this year alone. Critical assets, including the Mobarakeh Steel plant and over 66% of its missile and drone production sites, have been severely damaged. It has also lost much of its nuclear program. 

Its strikes on GCC neighbours and closure of the Strait of Hormuz have backfired, isolating Iran in the world community, with even neutral countries like the EU, India & China strongly opposing such aggressive and unilateral steps. Tehran may tout the gain of proving that it can strike deep into enemy territory, but the near-total destruction of its naval fleet, the crippling of its industrial base, and the loss of its second-largest trading partner UAE, make this a hollow victory.

In Lebanon, the human and structural toll are catastrophic. Over 1.2 million people - nearly one-fifth of the population - remain displaced. The World Bank estimates that 100,000 houses have been partially or fully destroyed, particularly in the south - a heavy price for striking Israel, to protect Iranian interests.

Hezbollah has lost a significant portion of its founding leadership, along with over 1,400 fighters. The group continues to project an image of resistance as its supposed gain, yet this provides no solace to a Lebanese nation whose infrastructure is in rubble and whose economy has been set back by decades.

The Gulf Cooperation Council (GCC) nations, once considered the stable anchors of the region, are now feeling the heat. The closure of the Strait of Hormuz triggered a direct hit to their oil led economies.  There is also a grocery supply emergency in some of these states as they rely on the Strait for 80% of their caloric intake.

Food prices have surged between 40% and 120%, and the UNDP warns that the war could reduce regional growth by up to $194 billion. The dream of Vision 2030 and the region's image as a safe destination for FDI are under threat. These nations might find a supposed gain in their aerial defence systems that proved partially reliable, but this prestige is a poor substitute for the loss of their hard-earned status as global hubs for tourism and investment.

Amidst this widespread ruin, only one sector is thriving: the worldwide arms industry. While nations bleed, the defense export market is projected to reach $542 billion in 2026, growing at a record pace. Global military spending has hit an all-time high of $2.44 trillion recently.

Arms giants like Lockheed Martin & Raytheon of the US, and their international counterparts like Dassault & Thales of France, Rostec of Russia, Rheinmetall of Germany, AVIC of China and many such firms are seeing unprecedented demand for the very munitions leveling Middle Eastern cities. 

For these corporations, the war is not a tragedy but a growth driver, a morbid reality where profit is directly indexed to the destruction of human populations. Most of these are listed private firms, with the only exceptions being the Russian & Chinese corporations which are fully state owned.

The metrics are clear: military solutions have reached a point of not diminishing returns, but serious losses for all the warring nations. There is no total victory in a region so interconnected with the world and so intensely volatile. The only path toward lasting prosperity and peace lies in continuous, multilateral dialogue and the restoration of diplomatic channels. 

If all these nations are to recoup their losses and ensure a future for the next generation, they must move past the aggressive rhetoric and destructive actions, and move towards collaborative and constructive steps, acknowledging that true security is built on economic interdependence and mutual recognition, not the exchange of ballistic missiles.

ICFAI to Host Landmark International Congress on Mechanics

The ICFAI Foundation for Higher Education is preparing to host a prestigious gathering of global minds this December as it welcomes the 71st Congress of the Indian Society of Theoretical and Applied Mechanics to its Hyderabad campus. Scheduled from December 21 to 23, 2026, this international conference, organized through the university’s constituent IcfaiTech, represents a significant milestone for the institution's commitment to scientific advancement. By bringing together eminent researchers, academicians, and industry professionals, the event aims to explore cutting-edge developments in fluid and solid mechanics. This landmark congress reinforces the institution’s NAAC A++ standing and honors a tradition established by ISTAM since 1955. It serves as a vital platform for innovation, where emerging talent collaborates with experts to shape the future of theoretical and applied mechanics.

The ICFAI Foundation for Higher Education (IFHE), through its constituent ICFAITech, has announced the 71st Congress of the Indian Society of Theoretical and Applied Mechanics (ISTAM-2026), an international conference to be held from December 21 to 23, 2026, at its Hyderabad campus. ISTAM-2026 is being jointly organized by the Departments of Mathematics and Mechanical Engineering at the ICFAI Foundation for Higher Education. 

The conference will bring together eminent academicians, researchers, scientists, and industry professionals from around the world to present and discuss cutting-edge developments in fluid mechanics and solid mechanics. The event will feature peer-reviewed paper presentations, opportunities for publication, and the presentation of Young Scientist Awards, fostering innovation and encouraging emerging talent in the field.

Key dates for the conference include the opening of abstract submissions on April 2, 2026, with the last date for submission scheduled for July 12, 2026. Notifications of acceptance will be communicated by August 16, 2026, followed by full-length paper submissions on September 13, 2026. The final date for registration fee payment is October 11, 2026. The organizing committee from ICFAI Tech includes Dr. Anjanna Matta as Organizing Secretary, Dr. Manmadhachary as Convener, and Dr. Upendar Mendu and Dr. Avinash Malladi as Joint Organizing Secretaries.

The announcement of the international conference was made by Dr. K L Narayana, Director of IcfaiTech, in the presence of distinguished dignitaries, including Professor Tamma Koti Reddy, Vice-Chancellor; Professor O.R.S. Rao, Chancellor of ICFAI University, Sikkim; Dr. T R K Rao, Chancellor of ICFAI University Jharkhand; and Professor J Mahender Reddy, Distinguished Advisor to the ICFAI Society, along with other members of the organizing team.

With the university's NAAC A++ accreditation and a strong research ecosystem, ISTAM-2026 is poised to be a landmark international conference, reinforcing the institution’s commitment to academic excellence and global collaboration in the field of theoretical and applied mechanics.

Established in 1955 and headquartered at the Indian Institute of Technology, Kharagpur, ISTAM has long served as a premier platform for scientists, engineers, and technologists to exchange ideas and advance research in mechanics. The annual congress, hosted by leading institutions such as IITs, NITs, and various research organizations across India, consistently attracts participation from both national and international communities. 

The ICFAI Foundation for Higher Education is a deemed-to-be university under section 3 of the UGC Act 1956, with the ICFAI Business School as a constituent. About 6,000 students are pursuing various programs in the Faculty of Management, Faculty of Science and Technology, Faculty of Law, ICFAI School of Architecture, and ICFAI School of Social Sciences. The university is accredited by NAAC with an A++ grade and an institutional CGPA of 3.59 out of 4.