Business – Page 322 – THE ECONOMIC INDIA

07 Aug

Narmada Agrobase Reports 1140 Bps QoQ Improvement in EBITDA Margin to 14.47% in Q1 FY26

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Ahmedabad (Gujarat) [India], August 7: Narmada Agrobase Limited (BSE: 543643, NSE: NARMADA), one of the leading players in the manufacturing of cattle feed and agro-based byproducts, announced its Unaudited Financial Results for Q1 FY26. Key Financial Highlights of Q1 FY26 Total Income: ₹1,141.34 lakhs EBITDA: ₹165.10 lakhs, QoQ growth of 82.01% EBITDA Margin: 14.47%, expansion of 1140 bps Net Profit (PAT): ₹101.90 lakhs, QoQ growth of 30.98% Net Profit Margin: 8.93%, expansion of 630 bps Commenting on the performance, Mr Neeraj Agrawal, Chairman & Managing Director of Narmada Agrobase Limited said, “Our continued focus on delivering superior quality products has…

07 Aug

Tariffs, Tough Calls, and Diwali Prep – 1,700 Entrepreneurs Gather in Surat with Strategy on Their Minds

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Surat (Gujarat) [India], August 7: You could say it started like any other Tuesday in Surat – buzzing traffic, hurried tea breaks, and a steady pre-Diwali pace. But step inside the sprawling venue of the Progress Alliance Mega Business Meet 2025, and you’d feel something different in the air. Not just the usual optimism – but urgency. Over 1,700 business owners and entrepreneurs from across Gujarat weren’t there for small talk. They came with a purpose: to regroup, rethink, and recharge – especially in light of the recently imposed 25% US tariff on Indian exports. It’s not the kind of…

07 Aug

Hautton: The Signature of Subtle Luxury

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Agra (Uttar Pradesh) [India], August 6: In today’s fast-paced fashion world, where trends dominate and quality often fades, Hautton stands firm as a brand built on timeless values. With a focus on refined elegance, premium craftsmanship, and thoughtful design, Hautton delivers men’s and women’s lifestyle products that go beyond style—they offer identity. Founded by entrepreneur Kushal Taneja, Hautton was created with a single belief: true luxury doesn’t shout—it whispers with impact. Under Prak Overseas, and promoted via Prakonlinestores, the brand reflects a quiet revolution in fashion. It is for those who aim to lead, not follow. The Digital-First Vision Hautton…

07 Aug

Anshul Garg Mohan – CSR Initiative With The Akshaya Patra Foundation To Support 600 Govt. School Girls

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New Delhi [India], August 7: Mohan Electro Casting, under the Aegis of Mr. Anshul Garg Mohan, has launched a heartfelt Corporate Social Responsibility (CSR) initiative aimed at supporting the education and well-being of young girls in Delhi. The company has distributed 600 warm sweaters along with pairs of socks to 600 girls studying in Delhi government schools. This impactful initiative was carried out in collaboration with The Akshaya Patra Foundation, a nationwide organization dedicated to addressing child hunger and promoting education. The distribution event took place earlier this week, ensuring that these young students are better prepared to face the…

07 Aug

Manzil Majlis Brings UAE Investment Spotlight to Mumbai, Hosts Over 250 UHNI Stakeholders

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Mumbai (Maharashtra) [India], August 7: Manzil Asset Management , which manages over $500 million in global real estate assets, successfully hosted the inaugural edition of Manzil Majlis—a private UAE-focused investment summit—on August 2, 2025, at The Bay Club, BKC, Mumbai. Unlike traditional real estate expos, Manzil Majlis is positioned as a closed-door, education-first initiative, bringing together a carefully curated audience of over 250 attendees. The summit featured a unique mix of Indian UHNIs, HNIs, family offices, venture capitalists, private equity partners, wealth advisors, and entrepreneurs, offering a strategic platform to decode the evolving dynamics of investing in Dubai’s real estate and business ecosystem. Departing from…

07 Aug

Veefin Announces Proposed Strategic Consolidation of Estorifi and GlobeTF with Parent Company to Unlock Operating Synergies and Drive Global Growth

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Mumbai (Maharashtra) [India], August 7: Veefin Solutions Limited (BSE: VEEFIN | 543931), a leading global provider of working capital technology solutions, today announced that its Board has granted in-principle approval for the consolidation of its subsidiaries, Estorifi Solutions Limited (“Estorifi”) and GlobeTF Solutions Limited (“GlobeTF”), with the parent company by way of merger or such other means. This marks a significant milestone in Veefin’s mission to create the world’s most comprehensive and scalable working capital technology platform. The move will bring all core product verticals—embedded finance, trade finance, digital lending, and cash management—under one integrated umbrella. Creating Synergies Across a Unified Platform Over the last year, Veefin has built a…

06 Aug

Steel Exchange India Limited Announces Strategic Collaboration to Strengthen Multimodal Logistics Capabilities in Vizag

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Visakhapatnam (Andhra Pradesh) [India], August 6: Steel Exchange India Limited (NSE: INE503B01021, BSE: 534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand ‘SIMHADRI TMT’, has announced a strategic non-binding collaboration with Vizag Profiles Logistics Pvt. Ltd. (VPL) and Hind Terminals Pvt. Ltd. (HTPL) to explore the development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam. This collaboration marks a significant step toward unlocking cargo movement potential across both inland and coastal routes. The parties intend to jointly evaluate and pursue opportunities related…

06 Aug

Water and Shark Unveils Strategic Retention Bonus Option Plan (RBOP): Empowering Talent, Fueling Global Growth

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Dubai [UAE], August 6: Water & Shark, a global leader in legal and accounting advisory, has launched its pioneering Retention Bonus Option Plan (RBOP)—a game-changing initiative designed to reward loyalty, retain top talent, and cultivate the next generation of global leaders. The RBOP reflects the firm’s unwavering belief that people are not just resources—they are co-creators of the firm’s journey. This visionary plan rewards professionals who have completed at least two years with Water & Shark and are committed to building the firm over the next four years. Eligible team members will receive structured bonus payouts ranging from 4x to 10x of their monthly…

06 Aug

Surat Welcomes IMAX with Open Arms – A Cinematic Revolution by Rajhans Cinemas

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Surat (Gujarat) [India], August 6: A few years ago, catching an IMAX film meant a long drive to Ahmedabad or a flight to Mumbai. It wasn’t a casual evening plan – it was a commitment. That’s what made last weekend feel different in Surat. For the first time, folks walked into a theatre right here in the city, grabbed their popcorn, and settled into an IMAX auditorium. No travel. No compromise. The credit goes to Rajhans Cinemas, who recently launched the city’s first IMAX screen at their Precia multiplex. It’s part of their 14-screen setup – one of the largest…

06 Aug

Focus Lighting & Fixtures Delivers INR 42 Cr Consolidated Total Income in Q1 FY26

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Mumbai (Maharashtra) [India], August 6: Focus Lighting & Fixtures Limited.(NSE – FOCUS), engaged in manufacturing & innovative lighting solutions of LED lights and fixtures, announced its Unaudited Financial Results for Q1 FY26. Q1 FY26 Key Financial Highlights Consolidated Standalone Particulars (₹ Cr) Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Total Income 42.11 55.28 41.03 31.28 EBITDA 4.95 12.05 4.29 4.77 EBITDA Margin (%) 11.76 21.80 10.46 15.25 Net Profit 2.16 9.07 1.55 2.45 Net Profit Margin (%) 5.12 16.41 3.78 7.82 Diluted EPS (₹) 0.33 1.36 0.23 0.36 Q1 FY26 Consolidated – Other Key Highlights Segment-wise Revenue Breakdown: Retail…