Business – Page 165 – THE ECONOMIC INDIA

12 May

Sparx launches the unique Shoe-Style Sandals Under ‘Summer Swag’ Campaign

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New Delhi [India], May 12: Sparx, one of India’s most popular athleisure footwear brands among youth, has unveiled its Spring-Summer collection with a strong focus on style and attitude, leading with its Shoe-Style Sandals under the Summer Swag campaign. Designed for today’s fast-moving lifestyle, the Shoe-Style Sandals reflect a shift in how young consumers approach footwear, seeking options that are not just functional, but also expressive. With Summer Swag, Sparx brings a more confident, effortless style language to the forefront, encouraging consumers to own their look with ease. Flexibility is a key part of the construction. The build allows natural…

12 May

The 5 Things That Make a Neighbourhood Worth Living In — and How to Spot Them

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Alembic City; curated green zones woven into the residential fabric, kind of thoughtful design Vadodara (Gujarat) [India], May 12: Choosing where to live is one of the most significant decisions you will ever make. The apartment size and floor plan matter, of course. But what truly shapes your daily quality of life is the neighbourhood around your front door. A well-chosen neighbourhood can turn a good home into a great life. So how do you assess a neighbourhood before committing? Here are five defining qualities that separate a truly liveable area from one that merely looks good on a map.…

12 May

Iris Clothings (IRISDOREME) Reports Stellar Performance in Q4FY26 Result Revenue Growth of 50%, and Net Profit Jumps by 44%

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Howrah (West Bengal) [India], May 12: Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, and selling garments for kids wear, announced its financial results for the fourth quarter and full year ended March 31, 2026. FY26 Key Financial Highlights Total Income of ₹1,909 Mn, YoY growth of 30.5% EBITDA of ₹294 Mn, YoY growth of 4.0% EBITDA Margin stood at 15.4% PAT of ₹162 Mn, YoY growth of 23.4% PAT Margin stood at 8.5% Q4 FY26 Key Financial Highlights Total Income of ₹605 Mn, YoY growth of 50.4% EBITDA of ₹110 Mn, YoY growth of 34.1% EBITDA Margin stood at…

12 May

Gaurik Fashions Eyes Retail Expansion With IPO Filing; DRHP Includes Fresh Issue of 62 Lakh Shares

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Mumbai (Maharashtra) [India], May 12: Gaurik Fashions has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO), aiming to raise capital to expand its premium fashion and lifestyle retail network across India. The proposed IPO comprises a fresh issue of 62 lakh equity shares along with an offer for sale (OFS) of 8 lakh shares by existing investor Aries Opportunities Fund. The company intends to list its equity shares on both the National Stock Exchange (NSE) and the BSE. The IPO proceeds are proposed to be utilised…

11 May

Before Silicon Valley Had a Playbook, the Marwaris Had One. Rajesh Bothra Is Living Proof It Still Works.

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Rajesh Bothra — Singapore-based entrepreneur, global business leader, and proud torchbearer of the Marwari business tradition New Delhi [India], May 11: Here is a question worth sitting with: How did a community from the deserts of Rajasthan — with no ports, no natural resources, and no political patronage — become one of the most successful business communities in the history of global trade? No MBA. No angel investors. No algorithms. Just a set of values passed from parent to child across generations that turned out to be the most durable competitive advantage in the world. Rajesh Bothra, the Singapore-based entrepreneur who…

11 May

Kennametal India’s Revenue Grows by 39% in the Quarter Ended March 2026

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Bengaluru (Karnataka) [India], May 11: Kennametal India Limited (KIL) reported revenues of ₹4031 million for the quarter ended March 31, 2026, representing a growth of 39% compared to ₹2896 million in the corresponding quarter of the previous year. Profit Before Tax (PBT) for the quarter stood at ₹692 million, an increase of 111% over ₹328 million in Q3 FY25. Commenting on the performance, Vijaykrishnan Venkatesan, Managing Director, Kennametal India, said, “Our strong performance during the quarter reflects our ability to leverage our diversified product portfolio and capitalize on favorable macroeconomic conditions to drive volume expansion. At the same time, we are actively managing our tungsten supply chain and remain…

09 May

Patil Automation Posts Robust FY26 Performance; PAT Jumps 35%, Revenue Up 28%

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Pune (Maharashtra) [India], May 9: Patil Automation Limited (NSE: PATILAUTOM | INE17GV01016), a leading provider of turnkey welding, assembly, and robotics-integrated automation systems, has announced its Audited Financial Results for H2 FY26 and FY26. H2 FY26 Standalone Key Financial Highlights Total Income of ₹83.27 Cr, YoY growth of 35.26% EBITDA of ₹13.73 Cr, YoY growth of 55.39% EBITDA Margin stood at 16.49%, improved by 214 bps YoY Net Profit of ₹8.32 Cr, YoY growth of 49.06% Net Profit Margin stood at 9.99%, improved by 92 bps YoY Diluted EPS of ₹3.81, YoY growth of 6.72% FY26 Standalone Key Financial Highlights Total Income of ₹156.82 Cr, YoY growth…

09 May

PayRupik Bags Top Honour for Customer Experience at Global LendTech Summit 2026

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Mumbai (Maharashtra) [India], May 9: Sayyam Investments Pvt. Ltd., the company behind digital lending platform PayRupik, has been recognized at the Global LendTech & Collections Summit & Awards Series 2026 with the award for “Best Customer Experience in Lending & Collections.” The recognition highlights the platform’s continued focus on building seamless, transparent, and user-first lending experiences in India’s fast-growing digital credit ecosystem. The summit, held at Novotel Mumbai Juhu Beach, brought together industry leaders, fintech innovators, regulators, and risk professionals to discuss the future of lending, collections, and financial technology. The event focused on key themes such as digital transformation, AI-driven collections, regulatory compliance, and customer-centric innovation…

09 May

Neetu Yoshi Raises INR 27.48 Cr for Expansion, Secures INR 14.76 Cr Wagon Manufacturing Order

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New Delhi [India], May 8: Neetu Yoshi Limited (BSE: 544434), one of the leading manufacturing customized products in various grades of ferrous metallurgical materials, including mild steel, spherical graphite iron, cast iron, and manganese steel, has announced key outcomes from its Board Meeting held on April 29, 2026, including approval of a preferential fund raise aimed at strengthening its next phase of growth. Key Highlights of the Announcement: Approved fund raising of ₹27.48 Cr through issuance of 26,42,400 convertible warrants Warrants convertible into equity shares of face value ₹5 each Issue price fixed at ₹104 per warrant Subject to shareholder and regulatory approvals The…

08 May

Seclore Launches ARMOR AI-DLP to Enable Safe Enterprise AI Adoption

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New product gives organizations a governed path to using AI with sensitive data, with full data sovereignty, compliance coverage, and integration into the ARMOR data security intelligence platform Mumbai (Maharashtra) [India], May 8: Seclore, the Data Security Intelligence company, today announced the general availability of ARMOR AI-DLP to help enterprises safely adopt AI without losing control of sensitive data. By addressing the operating model legacy data loss prevention was not built for: sensitive data moving at AI speed, through AI workflows, across AI tools around the world, CISOs can meet their board’s AI acceleration directives by enabling the sanctioned use…