Business – Page 142 – THE ECONOMIC INDIA

05 Feb

Presstonic Engineering announces INR 26.98-crore rights issue to fund working capital, reduce borrowings

Shruti JoshiBusiness#CorporateNews, #InvestorUpdate, #PresstonicEngineering, #RightsIssue, #StockMarketIndia, #WorkingCapital

Presstonic Engineering Limited Mumbai (Maharashtra) [India], February 05: Presstonic Engineering Limited, an NSE-listed company engaged in the manufacturing of metro rail rolling stock products, metro rail signalling products, and infrastructure products, has announced a ₹26.98-crore Rights Issue as part of its plan to strengthen the balance sheet and support business expansion. The company, which was listed on the NSE EMERGE platform on December 18, 2023, supplies critical components to reputed global and domestic OEMs involved in the manufacturing and servicing of rail and metro rolling stock and signalling equipment. Issue details: 1:1 rights offer at ₹35 per share As per…

05 Feb

ZXX Enters India’s Beauty Market with a Simplified, Salon-Grade Haircare System for Everyday Use

Shruti JoshiBusinessBeauty Industry, D2C Beauty Brands, Haircare Market, Indian Consumer Market, Salon-Grade Products

New Delhi [India], February 05: A new Indian beauty brand is entering the market with a deliberately focused approach and a clear proposition: make professional-quality haircare easier, more affordable, and practical for everyday life. ZXX (pronounced as Zed X), a homegrown beauty brand built on the philosophy “Zeal to Xtraordinary Xcellence,” has officially launched its first product range in India. Rather than introducing a wide portfolio, the brand is debuting with a single, tightly curated haircare system designed to address multiple hair needs through one routine. The launch marks ZXX’s entry into the beauty space with an emphasis on accessible luxury salon-grade performance delivered…

05 Feb

Mitsu Chem Plast Limited Becomes Global Supplier to Arjohuntleigh Polska (Poland)

BusinessBusiness

Mumbai (Maharashtra) [India], February 05: Mitsu Chem Plast Limited (BSE: 540078), one of the leading Indian polymer solutions companies, has entered into a Global Supplier Agreement with Arjohuntleigh Polska Sp. z o.o., following a year-long validation Process and approvals. This agreement marks Mitsu Chem Plast Limited’s onboarding as a global supplier to the Arjo Group, one of the world’s Top 5 leading medical equipment companies. The association reflects Mitsu’s strong manufacturing capabilities, Professional Approach, consistent quality, and compliance with international standards. Under the agreement, Mitsu Chem Plast will supply Hospital furniture parts and other related plastic accessories. These products support patient safety, caregiver ergonomics, and efficient risk management in healthcare industry. The partnership strengthens Mitsu Chem Plast’s presence in the global Furniture…

05 Feb

Nanavati Group named Autocar Dealer of the Year 2026

BusinessBusiness

Mumbai (Maharashtra) [India], February 05: Nanavati Group, one of South Gujarat’s leading automobile retail groups, has been named Dealer of the Year at the Autocar Awards 2026, among the most prestigious honours in the Indian automotive industry. The award was presented by Autocar India at a ceremony held here in the second week of January 2026. Founded in 1998 and headquartered in Surat, the Nanavati Group operates across Gujarat and Maharashtra with a network of over 90 sales and service outlets. The group has delivered over 3 lakh vehicles to customers to date and recorded sales of around 12,000 vehicles…

05 Feb

Grover Jewells Limited IPO opens February 4th 2026 aims to fund working capital and growth plans

Shruti JoshiBusiness#GroverJewells, #JewelleryIndustry, #WholesaleJewellery

New Delhi [India], February 05: Grover Jewells Limited, a Delhi-based gold jewellery manufacturer and wholesaler, is set to open its Initial Public Offering (IPO) on the NSE Emerge platform from February 4 to February 6, 2026, with a price band of ₹83–₹88 per share. The company plans to raise ₹33.83 crore through the issue, as it looks to strengthen its working capital cycle and support corporate expansion. According to the company’s investor presentation, Grover Jewells operates a fully integrated manufacturing setup in Delhi and caters largely to the wholesale (B2B) segment, while also taking steps to increase its retail (B2C) presence. The…

04 Feb

Jashn Realty Announces Rs. 3,200 Crore Strategic Investment Plan and Accelerated Delivery Focus at Lucknow Press Conference

Shruti JoshiBusinessAccelerated Delivery Focus, Jashn Elevate, Jashn Realty, Lucknow Press Conference, Lucknow’s fast-emerging real estate, Real Estates, Strategic Investment Plan

Lucknow (Uttar Pradesh) [India], February 04: Jashn Realty, one of Lucknow’s fast-emerging real estate developers, held a high-profile press conference in the city, outlining its ambitious growth roadmap and reinforcing its commitment to fastest-in-class project delivery. Addressing leading media houses and industry stakeholders, Mr. Rahul Aggarwal, Managing Director, Jashn Realty, announced that the company plans to invest approximately ₹3,200 crore over the next three years to strengthen its development pipeline, execution capabilities, and customer-centric delivery systems. Speaking at the press conference, Mr. Aggarwal emphasized that timely and accelerated delivery remains the company’s foremost priority. “In today’s real estate market, delivery is…

04 Feb

Ducon’s Early Carbon Capture Strategy Receives Policy Validation as India Accelerates CCUS Deployment

Shruti JoshiBusinessCarbon Capture Strategy, CCUS Deployment, Ducon

Mumbai (Maharashtra) [India], February 04: Ducon Infratechnologies Limited (NSE- DUCON | BSE- 534674 | INE741L01018). For years, Ducon Infratechnologies has been betting big on a cleaner future, quietly refining its solvent-based carbon capture R&D while the rest of the industry watched from the sidelines. That gamble just paid off. With the unveiling of the Union Budget 2026–27, the Indian government has signaled a massive shift in the nation’s energy landscape, proposing a staggering ₹20,000 crore outlay over the next five years to fast-track Carbon Capture, Utilisation, and Storage (CCUS) technologies. This policy landmark doesn’t just validate Ducon’s long-standing vision—it sets the stage…

04 Feb

5 Years. 5 Products. One Mission: ENORD Marks Half a Decade of Indigenous AI-Driven Drone Innovation on Drone Day 2026

Shruti JoshiBusinessDefenceInnovation, DroneDay2026, Enord, IndigenousAIDrones, MakeInIndia

Event underscores Atmanirbhar Bharat through structured training, simulation-led readiness, and responsible unmanned innovation New Delhi [India], February 04: ENORD Pvt. Ltd. marked Drone Day and its five-year milestone with a strategic conclave bringing together senior defence veterans, industry leaders, and academicians. The event focused on strengthening India’s unmanned aerial systems ecosystem through indigenous development, training, simulation, and responsible autonomy. In his address, Mr. Muhammad Anas, Founder & CEO, reflected on ENORD’s journey from concept to capability, emphasising training-first platforms, operational relevance, regulatory compliance, and mission-aligned innovation tailored to defence requirements. The first panel discussion on training and readiness highlighted the…

04 Feb

Davaindia Launches 77 New Company Stores on India’s 77th Republic Day, Strengthening Its Mission of Affordable Healthcare

Shruti JoshiBusinessDavaindia

New Delhi [India], February 04: Marking a proud national milestone, Davaindia – The Generic Pharmacy, under the aegis of Zota Healthcare Ltd., announced the launch of 77 new company stores across India on the occasion of the country’s 77 Republic Day. This landmark expansion reflects Davaindia’s commitment to making quality and affordable healthcare accessible to every Indian household. The simultaneous opening of 77 new company stores& 26 network partner stores reinforces Davaindia’s vision of “HarGhar Ki Pharmacy”, expanding its footprint across metros, Tier 2, and Tier 3 cities, and bringing trusted generic medicines closer to communities nationwide. Speaking on the…

04 Feb

Airports Authority of India Awards INR 17.16 Crore AI-Powered BIM-Based Project Monitoring System Contract to SoftTech Engineers Limited

BusinessBusiness

Pune (Maharashtra) [India], February 04: SoftTech Engineers Limited, a trusted name in technology-driven solutions for infrastructure and construction management has been awarded a prestigious contract worth INR 17.16 Crore by the Airports Authority of India (AAI). Under this engagement, SoftTech Engineers Limited will deploy a BIM-based Project Monitoring System (BPMS) to enable digital, real-time monitoring of infrastructure projects across planning, execution, and reporting stages. The solution is designed to enhance visibility, transparency, and control over complex infrastructure projects, empowering stakeholders to make faster and more informed decisions throughout the project lifecycle. The BPMS will be powered by CivitINFRA, SoftTech Engineers’ proprietary digital platform,…