Business – Page 196 – THE ECONOMIC INDIA

01 Apr

Why NRIs Are Choosing Svadha Mackenna’s in Kollur for Long-Term Property Investment

BusinessBusiness

Svadha Mackenna’s is more than an investment. It is a connection to home. Hyderabad (Telangana) [India], April 01: The Indian real estate market has consistently been a magnet for Non-Resident Indians seeking secure, profitable, and emotionally fulfilling investment opportunities. Among the rising stars of Hyderabad’s property landscape, Svadha Mackenna’s in Kollur has emerged as a compelling choice for discerning NRI investors. This HMDA and RERA-approved gated community is capturing the attention of global Indians looking to invest in their homeland. A Strategic Location That Delivers on Every Front Kollur, positioned along Hyderabad’s prestigious Outer Ring Road, represents the perfect intersection…

31 Mar

ABS Marine Services Acquire Offshore Support/Supply Vessel (MPSV); The Vessel to Fleet in Q1 FY27

BusinessBusiness

Mumbai (Maharashtra) [India], March 31: ABS Marine Services Limited (NSE: ABSMARINE), one of the leading maritime companies offering comprehensive services in Ship Management, Vessel Ownership, Marine and Port Services, has entered into a contract to acquire an Offshore Support/Supply Vessel (MPSV) from the international market. The vessel is expected to be delivered during the first quarter of FY27 (April 2026 – June 2026) and will form part of the Company’s growing owned fleet. Acquisition Highlights Vessel Type: Offshore Support/Supply Vessel (MPSV) Expected Delivery: Q1 FY27 (April – June 2026) Source: International Market Strategic Purpose: Strengthening owned fleet and offshore capabilities Strategic Impact The contract for the Offshore Support/Supply Vessel (MPSV) represents a…

31 Mar

LANXESS expects business to pick up in the second half of 2026 at the earliest

BusinessBusiness

Guidance for full-year 2026: EBITDA pre exceptionals expected to be between EUR 450 and 550 million Mumbai (Maharashtra) [India], March 31: A market environment that remained weak and high levels of geopolitical uncertainty characterized the 2025 fiscal year for specialty chemicals company LANXESS. At EUR 5.673 billion, revenue was down 10.9 percent from the previous year’s figure of EUR 6.366 billion. EBITDA pre exceptionals decreased by 16.9 percent, falling from EUR 614 million in the previous year to EUR 510 million. The EBITDA margin pre exceptionals for the full year was 9.0 percent, compared with 9.6 percent in the prior…

31 Mar

VMS TMT Holds Firm: Credit Ratings Reaffirmed with Stable Outlook

BusinessBusiness

Ahmedabad (Gujarat) [India], March 31: VMS TMT Limited (“VMS” or “the Company”), one of the leading players in the steel and TMT bar manufacturing sector, is pleased to announce that its credit ratings for bank facilities have been reaffirmed by Infomerics Valuation and Rating Ltd., reflecting the Company’s stable financial profile and consistent operational performance. The total bank facilities rated stand at ₹273.93 crore, comprising: • Long-term Bank facilities: ₹154.83 crore, rated IVR BBB / Stable (Reaffirmed) • Short-term Bank facilities: ₹119.10 crore, rated IVR A3+ (Reaffirmed) The reaffirmation of ratings underscores VMS TMT’s strong credit fundamentals, prudent financial management, and stable business outlook. The “Stable” outlook indicates sustained confidence in the Company’s…

31 Mar

SHARP Launches India’s First Window AC with Active Air Purification

BusinessBusiness

New Delhi [India], March 31: SHARP Business Systems (India) Pvt. Ltd, a wholly owned subsidiary of SHARP Corporation, Japan, has announced the launch of a new range of window air conditioners in India, including the country’s first window AC with active air purification powered by its patented Plasmacluster technology. By releasing positive and negative ions into the air, the technology helps reduce bacteria, allergens, and odours while maintaining effective cooling. The new lineup includes the Ryohu (inverter) and Ryohu-FS (fixed-speed) models, available across multiple capacities and star ratings, aimed at addressing the cooling needs of Indian households. All newly launched…

31 Mar

Core4 Engineers Limited Files DRHP With BSE SME

BusinessBusiness

Mumbai (Maharashtra) [India], March 31: Core4 Engineers Limited is an Engineering, Procurement, Construction and Commissioning (EPCC) company provides integrated infrastructure solutions across multiple domains, with a primary focus on the railway infrastructure, power transmission & distribution, and water & wastewater treatment sectors. The company has filed its Draft Red Herring Prospectus with BSE SME in preparation for the IPO. The issue size will be of upto 58,94,400 Equity Shares of face value of ₹ 10 each. As Core4 Engineers Limited moves forward with its IPO plans, the funds raised will be used in funding capital expenditure for the acquisition of a property comprising land and an existing building,…

31 Mar

Excellence in Intellectual Property and Technology Laws

Shruti JoshiBusiness

New Delhi [India], March 31: We are proud to share that Jotwani Associates has been recognised for its excellence in the field of Intellectual Property Rights (IPR), receiving an award for Best IPR Practice. Mr. Dinesh Jotwani is the Co-managing Partner at Jotwani Associates and a Senior Advocate with nearly 30 years of experience practicing law in India. He brings extensive expertise across litigation, spanning civil, criminal, corporate, and intellectual property matters, and has represented a wide spectrum of clients, including Fortune 100 companies, Indian enterprises, multinational corporations, startups, and individuals. Under his leadership, the firm has grown into a…

31 Mar

Lemon Tree Enters Omkareshwar – Powered by EffoLogic

BusinessBusiness

New Delhi [India], March 31: Lemon Tree Hotels, one of India’s leading hospitality chains, has announced the signing of Lemon Tree Premier, Omkareshwar, further expanding its presence in Madhya Pradesh’s key pilgrimage and destination tourism markets. The project is being developed by Divine Hospitality, founded by Mr. Subodh Sharma, and was exclusively advised by EffoLogic, one of the leading tourism and hospitality advisory firms in Central India. The Memorandum of Understanding (MoU) for the project was signed with Lemon Tree Hotels on 21 January in New Delhi, marking a key milestone in the development of this branded hospitality project in…

31 Mar

Not Just a Coco Bar—KALP Brings India’s Flavours to Life in a Bold New Way

Shruti JoshiBusiness

Mumbai (Maharashtra) [India], March 31: India’s premium treats market is seeing the entry of a new player that is attempting to shift the narrative from conventional sweetness to culturally rooted experiences. KALP, backed by Pranada Bio Pharma, positions itself at the intersection of tradition and modern experience, introducing a format where familiar Indian flavours are reimagined through coco bars. The brand marked its official debut on the evening of 29th March at Radisson Mumbai, bringing together creators, guests, and industry insiders to experience its distinct flavour philosophy firsthand. At the core of KALP are Aarya Joshi, Kashish Choudhary, Sashenka Shejale,…

31 Mar

VerSe Innovation Appoints P.R. Ramesh as Independent Director and Chair of Audit Committee to Strengthen Governance Ahead of Next Phase of Growth

BusinessBusiness

P.R Ramesh Bengaluru (Karnataka) [India], March 31: VerSe Innovation, India’s leading AI-powered local language technology platform and parent entity of Dailyhunt, Josh, Magzter and NexVerse.ai today announced the appointment of Mr. P. R. Ramesh as an Independent Director on its Board. He will also serve as Chair of the Audit Committee, reinforcing the company’s governance architecture as it advances toward its next phase of institutional and strategic growth. Mr. Ramesh is a Chartered Accountant with over 40 years of experience in financial oversight, corporate governance, regulatory advisory, and board leadership. He is the former Chairman of Deloitte India and a…