KOLKATA, India, July 30, 2026 /PRNewswire/ — Vikram Solar Limited, a pioneer in India’s solar PV module manufacturing, has been awarded the EcoVadis Platinum Medal for 2026, one of the highest ratings issued by the global sustainability assessment leader, and the second consecutive year Vikram Solar has earned it. This year, the Company improved its overall score to 88/100, up from its previous year’s score of 84/100.

This score places Vikram Solar in the 99th percentile of all companies assessed by EcoVadis, among the top 1% worldwide. The score of 88/100 is, in fact, the highest in the sector so far (at a Group level, spanning all Vikram Solar group companies globally), based on EcoVadis research as of July 2026. Notably, Vikram Solar raised its score across all four assessment themes year on year — Environment, Labour & Human Rights, Ethics and Sustainable Procurement.

Mr. Gyanesh Chaudhary, Chairman and Managing Director, Vikram Solar, said: “Earning the EcoVadis Platinum Medal for a second consecutive year, and improving our score across every vertical, tells us that sustainability at Vikram Solar is not a one-time achievement but a discipline we practise every day. To be placed among the top 1% of companies worldwide, once again, affirms that responsible manufacturing and long-term value creation are one and the same pursuit. Over the past year, we have deepened that commitment in measurable ways, including the launch of our first Annual Sustainability Report for FY26.”

The rating is underpinned by a year of concrete progress across Vikram Solar’s sustainability agenda. The Company’s first Annual Sustainability Report highlights several key milestones, including the completion of a Life Cycle Assessment (ISO 14040 and ISO 14044) and a Product Carbon Footprint assessment (ISO 14067) for its Hypersol module, along with the independent verification and assurance of its greenhouse gas emissions in accordance with ISO 14064.

Vikram Solar has also secured the ISO 50001:2018 energy management system certification across all its manufacturing sites. Over the year, it recorded measurable improvements in water reuse and recycling, in greenhouse gas intensity through backward integration and indigenous upstream sourcing, and in the adoption of EVs and self-reliance. The company has also strengthened circularity in line with Extended Producer Responsibility (EPR) norms and various resource conservation initiatives through the year.

Over the same period, the Company was awarded notable recognitions like the Gold Award at the 23rd Greentech Safety, Fire & Security (SFS) Awards, the CII EHS Excellence Silver Award for its manufacturing sites, and the position of a Premium Member at the British Safety Council, with the opportunity to present its sustainability best practices at the 20th UN Global Compact Convention.

This recognition comes at a time of significant momentum for Vikram Solar, reinforcing the Company’s conviction that responsible practices and ambitious growth are not competing priorities, but two sides of the same commitment to building a cleaner, future-ready energy ecosystem.

About Vikram Solar Limited:

Vikram Solar Limited is one of the leading Indian solar module manufacturers, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 39 countries. Headquartered in Kolkata, West Bengal, it is one of the largest PV module manufacturers in India. Vikram Solar is a 9th time ‘Top Performer’ in PVEL’s PV Module Reliability scorecard and has been included in the Tier 1 solar PV modules manufacturer list of Bloomberg NEF for 9 consecutive quarters. Vikram Solar Limited has established a pan-India presence through an extensive distributor network of 110+ authorized distributors and more than 550+ dealers.

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SINGAPORE and BENGALURU, India, July 30, 2026 /PRNewswire/ — ADA, The Data and AI Experience Company, today announced it has completed acquisition of Algonomy, a leader in agentic decisioning for retail. The deal strengthens ADA’s intelligent growth platform with AI decisioning technology, closing the gap from data and insight to a fully agentic experience, and extending ADA’s reach to 34 combined markets across APAC, the US, MENA, and Europe.

Algonomy built on the legacy of Manthan and RichRelevance, is trusted by over 400 leading brands globally for delivering autonomous, hyper-personalized customer experiences.

Together, the ADA and Algonomy complete a platform that understands the customers and acts for them. Every customer signal runs through a data foundation, where AI agents drive real-time decisions to determine the right price, offer, product, message and then delivers a personalized response across every touchpoint, simultaneously.

“We believe every customer touch point will be AI agent driven, and we are building the world’s most intelligent growth platform to power that world. With Algonomy, we add deep AI capabilities in personalization, merchandising and supply-chain intelligence, bringing us closer to our vision,” said Srinivas Gattamneni, CEO of ADA.

“We started Algonomy twenty years ago on a single bet: that better decisions, made faster, would change what brands could do for the consumers of their products. Four hundred brands later, through several reinventions of this industry, the bet has held. ADA gives it a far bigger stage, and it comes at the precise moment decisioning stops advising and starts acting. I’ve never had appetite for watching a shift like this from the sidelines, and this is the one I am excited to help build, not just call,” said Atul Jalan, CEO of Algonomy

After acquisition, clients retain full access to Algonomy products, solutions and teams while gaining from broader capabilities of ADA. The combined business now operates under the ADA brand worldwide.

About ADA

ADA is the Data and AI Experience Company that designs, builds, and operates trusted, agentic AI experiences that drive measurable outcomes, combining AI Identity & Trust, AI-Powered Personalization & Commerce, and AI-Ready Data Stack Enablement Solutions. Headquartered in Singapore and Malaysia, with a 1,300-strong team serving 1,500 clients across Retail, CPG, FSI, and more, ADA helps enterprises unlock value from data and transform marketing and commerce into autonomous, agentic outcomes.

Learn more: www.adaglobal.com

About Algonomy

Algonomy helps consumer businesses maximize customer value by automating decisioning across their retail business lifecycle, with AI-enabled solutions for eCommerce, Marketing, Merchandising, and Supply Chain. Algonomy is a trusted partner to more than 400 leading brands, with a global presence spanning over 20 countries. Our innovations have garnered recognition from top industry analysts such as IDC, Gartner and Forrester.

Learn more: www.algonomy.com

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SOURCE ADA

Customer research shows organisations reduce manual effort, lower compliance costs, and cut risk with Avalara VAT Reporting and Avalara Managed VAT Reporting

LONDON, July 30, 2026 /PRNewswire/ — Avalara, Inc., the agentic AI leader in global tax and compliance, today announced findings from an independent study conducted by Hobson & Company showing that organisations using Avalara VAT Reporting and Avalara Managed VAT Reporting can achieve measurable financial, operational, and compliance benefits as they modernise global VAT reporting processes.

Read the full ROI reports here:

Avalara VAT Reporting Avalara Managed VAT Reporting

Based on independent customer interviews and modelled ROI scenarios, the research found that organisations using Avalara’s VAT reporting solutions can achieve 200%–500% ROI over three years, with modelled payback periods of roughly three to four months depending on the operating model. The analysis drew on validation work with 14 customers and highlights how businesses are streamlining VAT compliance, reducing reliance on external providers, and improving visibility and consistency across jurisdictions.

“Avalara’s global VAT solutions are purpose-built to eliminate the complexity, cost, and compliance risk that comes with managing VAT across borders,” said Greg Chapman, EVP at Avalara. “These new independent findings reflect that automating VAT compliance doesn’t just save time and money, but fundamentally changes how finance teams operate and gives businesses the confidence to grow globally without compliance holding them back.”

Highlights from the Study

For organisations that want to manage VAT reporting in-house with greater automation and control, Avalara VAT Reporting helps standardise workflows, automate validations, and centralise visibility across countries and filing periods. In a representative enterprise scenario involving $150 million in VAT-applicable revenue across five countries, Hobson & Company found that Avalara VAT Reporting delivered:

Up to 466% ROI over three yearsAnnual benefits exceeding $470,000 An 85% reduction in VAT return preparation and filing timeA 95% reduction in third-party compliance accounting costsA 90% reduction in the risk of VAT fines and penalties

For businesses that prefer guided, end-to-end support, Avalara Managed VAT Reporting combines software with expert service to help manage registrations, return preparation, submission, and ongoing compliance across jurisdictions. In a representative mid-market scenario involving $50 million in VAT-applicable revenue across eight countries, Hobson & Company found that Avalara Managed VAT Reporting delivered:

Up to 277% ROI over three yearsAnnual benefits exceeding $140,000A 90% reduction in expected effort to prepare, file, and review VAT returnsA 75% reduction in third-party compliance accounting costsA 90% reduction in the risk of VAT compliance fines and penalties

Across both deployment models, the research points to the same conclusion: the strongest business case for modernising VAT reporting comes not only from reducing compliance risk, but from improving operational efficiency. Organisations realised value through less ERP integration effort, less manual validation, faster return preparation, reduced reliance on external providers, and a reporting model that scales more effectively as the business grows.

To learn more about Avalara VAT Reporting and Avalara Managed VAT Reporting, visit avalara.com/us/en/products/vat-returns-and-reporting

About Avalara

Avalara is the agentic AI platform for global tax and compliance. For more than two decades, Avalara has built one of the most expansive libraries of tax content and integrations in the industry, processing more than 54 billion transactions annually and supporting millions of businesses worldwide. The company’s purpose-built AI agents automate end-to-end compliance with greater precision, from tax calculations and return filings to exemption certificate management and beyond. For more information, visit Avalara.com.

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