Business – Page 221 – THE ECONOMIC INDIA

19 Feb

Accord Transformer and Switchgear Limited Files RHP; SME IPO to Open on February 23, 2026

BusinessBusiness

Mumbai (Maharashtra) [India], February 19: Accord Transformer & Switchgear Limited, a manufacturer of transformers, switchgear and customised power solutions, has filed its Red Herring Prospectus (RHP) dated February 16, 2026 with the Registrar of Companies, Haryana, in connection with its proposed SME initial public offering (IPO). The IPO comprises a fresh issue of up to 55,62,000 equity shares of face value ₹10 each through the book-building route. Out of the total issue of up to 55,62,000 equity shares, up to 2,82,000 shares are reserved for the Market Maker. The net issue of up to 52,80,000 shares will be allocated as follows: not…

19 Feb

Active Clothing Reports Strong Q3 FY26 Performance Revenue Up 17 Percent QoQ to INR 97.36 Cr, PAT Grows 25 Percent QoQ to INR 3.50 Cr

Shruti JoshiBusiness, Press Releaseactive clothing

Mohali (Punjab) [India], February 19: Active Clothing Co limited, (BSE – 541144), India’s one of the leading ‘design-to-shelf’ platform, specializing in flat-knitted sweaters, jackets, and circular-knitted apparel for global fashion brands, has announced its Unaudited Q3 & 9M FY26 Financial results. Key Financial Highlights Key Financial Highlights Q3 FY26 *Total Income of ₹ 97.36 Cr, QoQ growth of 17.03% *EBITDA of ₹ 9.04 Cr, QoQ growth of 22.40% * EBITDA Margin of 9.29%, QoQ growth of 41 BPS * Net Profit of ₹ 3.50 Cr, QoQ growth of 25.18% * Net Profit Margin of of 3.59%, QoQ growth of 23 BPS * EPS of ₹ 2.25,…

19 Feb

Raveum Raises USD 1.3 Million in Seed Funding at USD 22.8 Million Valuation to Scale Cross-Border Investment Platform

Shruti JoshiBusinessRaveum, seed funding, U.S. Real Estate

Mumbai (Maharashtra) [India], February 19: Raveum, a platform enabling cross-border investment in premium U.S. real estate, today announced the successful closure of its seed funding round, raising $1.3 million at a post-money valuation of $22.8 million. The round reflects investor confidence in Raveum’s compliance-led, technology-enabled approach to structured global real estate investing and supports the company’s next phase of expansion. Founded to formalize and simplify U.S. property participation for international investors, Raveum provides access to curated, income-generating U.S. real estate opportunities through multiple ownership structures, including GP participation, LP investments, and direct ownership pathways. The platform is designed to serve…

19 Feb

TMPerfumehouse Expands into Personal Care with Launch of Shower Gels, Beard Balms, Attars, Solid Perfumes, and Soaps

Shruti JoshiBusinessTMPerfumehouse

New Delhi [India], February 19: TM Perfume House, a growing Indian fragrance brand under Fourpirates Ventures LLP, has announced its expansion into the personal care segment. Known for its premium perfumes and fragrance innovations, the company is now introducing a new range of shower gels, beard balms, attars, solid perfumes, and aromatic soaps. The expansion marks a strategic move by TM Perfume House to become a complete fragrance and grooming solutions brand, offering customers long-lasting scent experiences across daily personal care routines. The newly launched product line focuses on high-quality fragrance blends, skin-friendly formulations, and modern grooming needs. The shower…

18 Feb

NVT Quality Lifestyle forays into Sky Villas and Large-Format Integrated Townships

BusinessBusiness

Move to Capitalise on the Next-Wave of Premium Residential Demand Bengaluru (Karnataka) [India], February 18: NVT Quality Lifestyle, a leading premium residential developer, today announced a strategic expansion of its stronghold in the luxury villa segment into ‘Sky Villas’ and integrated townships, marking an evolution in its long-term business strategy. The move positions the company to develop large-format, master-planned destination townships that bring together standalone villas with sky villas within a single, professionally planned ecosystem, aligned with the changing expectations of high-value homebuyers in India’s key urban markets such as Bengaluru. Anchored by a multi-phase development spanning approximately 100 acres…

18 Feb

FITTR and Ileseum Clubs Partner to Build India’s Most Integrated Preventive Health Ecosystem

BusinessBusiness

Jitendra Chouksey, Founder & CEO of Fittr with Pavit Singh, Managing Director, Ileseum Clubs Pune (Maharashtra) [India], February 18: Ileseum Clubs and FITTR have announced a strategic collaboration to embed preventive healthcare directly into residential communities. Ileseum, a leading clubhouse management and community ecosystem platform, and FITTR, a leading preventive health and fitness platform, are coming together to combine physical infrastructure, community-led engagement, science-backed health intelligence, advanced technology, and lifestyle management systems into a unified, end-to-end preventive health ecosystem. The collaboration will scale across Ileseum-managed clubs and townships, with a shared ambition to reach over 50,000 Ileseum members annually and…

18 Feb

Celebrating Innovation: Global Business Achievers Awards 2026

Shruti JoshiBusinessGlobal Business Achievers Awards 2026

New Delhi [India], February 18: Corporate Connect Magazine is delighted to announce the winners of the prestigious Global Business Achievers Awards, 2026. The recognition highlights the trailblazers who are redefining the industry norms, driving innovation and inspiring the next generation of entrepreneurs. Their remarkable journeys are a testament to the power of dedication, innovation and hard work to succeed. We are into collaboration with Business Connect, & Business Outline. The Corporate Connect team proudly shines a spotlight on the visionaries, pushing boundaries and setting new industry benchmark. Through this recognition, they aspire to fuel their pursuit of excellence and nurture a growing business atmosphere.…

18 Feb

Dr. V. Anantha Nageswaran, Chief Economic Advisor, Government of India Inaugurates DICCI’s International Conclave on AI for Inclusion and the Future of Work

BusinessBusiness

New Delhi [India], February 18: The Dalit Indian Chamber of Commerce and Industry, (DICCI), hosted the International Conclave titled AI for Inclusion & the Future of Work 2026: Bridging Divides, Building Futures at The Park Hotel, New Delhi. The conclave brought together senior policymakers, global representatives, industry leaders and academic institutions to deliberate on how artificial intelligence can be shaped as a force for equitable growth and livelihood security. The event served as a strategic lead-in to the India AI Impact Summit 2026. Chief Guest Dr. V. Anantha Nageswaran, Chief Economic Advisor to the Government of India inaugurated the DICCI’ International…

18 Feb

Indo US Bio-Tech Limited to invest Rs.71.51 crore in Agricultural Innovation and Research and Development by 2030-31

BusinessBusiness

New Delhi [India], February 18: Ahmedabad-based Indo US Bio-Tech Limited (BSE: 541304 NSE: INDOUS) is a leading company engaged in developing high-quality seeds through research and development. The company has released its investment roadmap up to 2030-31. It will invest Rs. 71.51 crore in agricultural innovation and research & development by 2030-31. A brief outline of the company’s roadmap is given below. Establishment of Seed Processing Plant (2026-27): In 2026-27, the company will invest more than Rs. 25 crore on 100 acres of land for R&D. For a controlled environment, it will establish a high-tech greenhouse on 1 acre of…

18 Feb

Mehta Realty perfects the art of balance with Mehta Marquina, East Goregaon’s tranquil oasis where indulgent luxury meets conscious living

BusinessBusiness

The image shared is a render image. Maharera Number- PR1180002501971 Mumbai (Maharashtra) [India], February 18: Mehta Realty, a name synonymous with top-tier projects and heralded by a 48-year legacy, has unveiled the latest addition to their portfolio – Mehta Marquina, an integrated lifestyle destination moulded on the principles of balance, calm and everyday ease. Located beside Mumbai’s green lung – the Aarey Forest, the project is designed as a restorative retreat where nature flows seamlessly into everyday life and mindfulness is infused into the structure’s DNA. Mehta Marquina thus is a perfect amalgamation of form and function, where modern geometry intersects…