Business – Page 27 – THE ECONOMIC INDIA

11 Feb

Marushika Technology Limited A Key Player in Data Centre & Cybersecurity Solution for B2G & PSU, opens its IPO on 12th February, 2026.

BusinessBusiness

Mumbai (Maharashtra) [India], February 11: Marushika Technology Limited is an emerging provider of excellence-driven solutions in Information Technology infrastructure, specializing in data centers and cybersecurity solutions, has announced the opening of its Initial Public Offering on February 12, 2026, with a proposed issue size of ₹26.97 Crore, and the shares are proposed to be listed on the NSE Emerge Platform. Equity Share Allocation QIB – Not more than 10,87,200 Equity Shares NII – Not less than 3,31,200 Equity Shares RII – Not less than 7,70,400 Equity Shares Market Maker – 1,16,400 Equity Shares The net proceeds from the IPO will be utilized towards Repayment and/or…

11 Feb

Dev Information Technology Delivers 9M Revenue Growth, Strengthens Platform for Scalable Global Growth

Shruti JoshiBusinessApp Development Company of the Year

Mumbai (Maharashtra) [India], February 11: Dev Information Technology Limited, (NSE – DEVIT, BSE – 543462 | INE060X01034), a global IT services company providing Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services, with products like Talligence and ByteSigner, has announced its Unaudited Financial Results for Q3 & 9M FY25. Key Consolidated Financial Highlights 9M FY26 Consolidated Financial Highlights • Total Revenue of ₹137.50 Cr, YoY growth of 4.07% • EBITDA of ₹2.19 Cr • PAT* of ₹66.64 Cr, YoY growth of 388.37% • PAT Margin of 48.47%, YoY growth of 3,814 bps • EPS of ₹11.69, YoY growth of 381.07% *Includes Exceptional Unrealised gain of ~₹92 crore…

11 Feb

Jacqueline Fernandez Joins Lux Cozi’s Grand Indore Meet, Over 2000 Retailers Attend

BusinessBusiness

Indore (Madhya Pradesh) [India], February 10: Lux Cozi, one of India’s leading innerwear and premium wear brands, successfully hosted its Grand Retailers’ meet in Indore, bringing together over 2000 retailers from across Madhya Pradesh. The event reaffirmed the brand’s focus on deepening retailer relationships and accelerating growth in key central Indian markets. The conference was attended by Ashok Kumar Todi, Chairman, Lux Industries Limited, and Saket Kumar Todi, Director, Lux Industries Limited, underlining the company’s continued emphasis on strong trade partnerships and long-term channel engagement. The meet served as a strategic platform for discussions on market opportunities, evolving consumer preferences,…

11 Feb

SEPC Limited to Execute INR 314 Crore Smart Prepaid Metering Project in Punjab under RDSS

BusinessBusiness

Mumbai (Maharashtra) [India], February 10: SEPC Limited (NSE: SEPC | BSE: 532945), one of India’s leading Engineering, Procurement and Construction (EPC) companies with a diversified presence across Water & Municipal Services, Roads, Industrial Infrastructure, and Mining, has received a Letter of Intent (LOI) from Telecommunications Consultants India Limited (TCIL), a Government of India enterprise, for the implementation of a Smart Prepaid Metering project in Punjab (Central Zone) under the Revamped Distribution Sector Scheme (RDSS). Project Scope and Structure The project will be executed on a Design, Build, Finance, Own, Operate and Transfer (DBFOOT) basis in consortium with Adya Smart Metering Private Limited, with a total project value of ₹313.96 crore. It encompasses…

11 Feb

LaundryMate Launches ‘LaundryMate Sprint’, India’s First 4-Hour Laundry and Dry Cleaning Delivery Service

BusinessBusiness

Gurugram (Haryana) [India], February 11: LaundryMate, a Bengaluru-headquartered, app-led doorstep laundry and dry-cleaning brand, has entered the Gurugram market with the launch of LaundryMate Sprint, the city’s first-ever 4-hour dry-clean and laundry delivery service, tailored for the fast-paced lifestyle of urban consumers in the millennium city. LaundryMate Sprint offers doorstep pick-up within 45 minutes and a 4-hour turnaround timeline from pickup to delivery for all services, including dry cleaning, wash & iron, and steam ironing. In addition to its express delivery model, the store also entertains walk-in customers who prefer to drop and pick up their items directly. Backed by…

11 Feb

5868 PMAY units lined up for delivery at Suraksha Smart City, Vasai

BusinessBusiness

Vasai (Maharashtra) [India], February 11: Under the Pradhan Mantri Awas Yojana (PMAY) during the calendar year 2026, Suraksha Smart City, Vasai is ready to begin the phased delivery of 5,868 Economically Weaker Section (EWS) homes. One of the largest integrated township developments in the Mumbai Metropolitan Region (MMR) deliveries will be undertaken building-wise across Phase 1 of the project. A milestone that reinforces Suraksha Group’s commitment to the Government of India’s ‘Housing for All’ mission also tells the story of Vasai’s emergence as a key residential hub under the Mumbai 4.0 growth framework. The large-scale handover of homes under the…

11 Feb

Rajalakshmi Institute of Technology Signs MoU with HSE University, Russia

BusinessBusiness

Chennai (Tamil Nadu) [India], February 10: Rajalakshmi Institute of Technology (RIT) has signed a Memorandum of Understanding (MoU) with HSE University, Russia, a globally recognized institution, to strengthen international academic collaboration and engagement. Rajalakshmi Institute of Technology, Chennai, signed an MoU with Russia’s HSE University to enhance global academic collaboration, partnerships, and engagement opportunities. The MoU was signed during the visit of the HSE University delegation in the presence of Dr. Haree Shankar Meganathan, Vice Chairman, Rajalakshmi Group; Dr. Anna Tyshetskaya, Vice Chancellor, HSE University; and Dr. Manoj Sharma, Vice President, HSE University. Speaking on the occasion, Dr. Haree Shankar…

11 Feb

FELA Launches “FELA News”- A Comprehensive Digital News Platform Covering India, World & Beyond

Shruti JoshiBusinessDigital News Platform, FELA

New Delhi [India], February 10: The Federation for Educational Leaders and Administrators Foundation (FELA), a reputed non-profit organization and a prominent voice in the knowledge and policy ecosystem, has officially announced the launch of its digital news platform, FELA News. Developed in response to the growing demand for credible, inclusive, and well-researched journalism, the platform aims to deliver accurate, insightful, and balanced news across a wide range of sectors for a diverse readership. Positioned as a multi-category digital news destination, FELA News offers curated and original content across India, World, Education, Entertainment, Sports, Technology, Economics, Health, Astrology, Lifestyle, and Automobile. With its extensive…

11 Feb

Wagle Estate: Thane’s BKC in the Making

Shruti JoshiBusinessWagle Estate

Mumbai (Maharashtra) [India], February 11: Wagle Estate has rapidly emerged as a vibrant commercial powerhouse of Thane, positioning itself as the city’s Bandra Kurla Complex equivalent. Developed in 1962 as a pioneering MIDC, the area’s growth for decades centred around manufacturing units and industrial sheds. From catering to factories and MSMEs, Wagle Estate has now undergone a significant transformation fuelled by metro expansion works, flyovers and cluster redevelopment projects, marking a new phase in its urban journey. A key differentiator for Wagle Estate is the residential lifestyle ecosystem now taking shape. The area is witnessing a complete facelift, with residential…

10 Feb

Supreme Power Equipment Reports 24% Growth in 9M Income and Net Profit

BusinessBusiness

Chennai (Tamil Nadu) [India], February 10: Supreme Power Equipment Limited (NSE – SUPREMEPWR), one of the leading players in the power and distribution transformer manufacturing industry, announced its Unaudited Financial Results for Q3 & 9M FY26. Key Consolidated Financial Highlights Q3 FY26 Total Income of ₹36.03 Cr, YoY growth of 14.83% EBITDA of ₹5.28 Cr Net Profit of ₹3.38 Cr, YoY growth of 6.34% EPS of ₹1.35, YoY growth of 6.30% 9M FY26 Total Income of ₹111.38 Cr, YoY growth of 23.78% EBITDA of ₹19.56 Cr, YoY growth of 12.68% Net Profit of ₹ 12.78 Cr, YoY growth of 23.66% EPS of…