Business – Page 2 – THE ECONOMIC INDIA

12 May

Yazu Goes Global: India’s Most Celebrated Pan-Asian Destination Opens Its First Chapter Abroad in Galle, Sri Lanka

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Perched on the beachfront of Radisson Blu Resort Galle, Yazu’s first outpost outside India brings bold Pan-Asian flavours, an innovative beverage programme to Sri Lanka’s southern coast ocean Galle [Sri Lanka], May 12: Yazu, India’s premium Pan-Asian dining and lifestyle destination, today announced the opening of Yazu Galle, its first restaurant outside India at the Radisson Blu Resort Galle, Sri Lanka. Marking a defining milestone in the brand’s journey, Yazu Galle brings together authentic Japanese, Thai, and Cantonese cuisine, a boundary-pushing beverage programme, and an architectural experience unlike anything on the island’s dining landscape. Positioned on the beachfront of one of Sri Lanka’s…

12 May

Nihilent’s Emoscape Secures Patent for Navarasa-Based Emotion Detection Framework

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Pune (Maharashtra) [India], May 12: In a development that marks a meaningful step in the understanding of human emotions, Nihilent Ltd has secured a patent for its emotion detection framework from the South African Patent Office, marking a pivotal step in transforming how human emotions are understood, interpreted, and measured. Patent recognition validates a structured, measurable approach to understanding human emotions Emoscape’s innovation bridges ancient Indian wisdom and modern AI-driven emotional analytics The patented framework represents an integrated approach to understanding human emotions, combining foundational principles drawn from the Natyashastra’s Navarasa with extensive research, clinical insights, and proprietary AI and…

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…