Business – Page 4 – THE ECONOMIC INDIA

12 Nov

Olectra Posts 18% EBITDA Growth in Q2 FY27, Crosses 4,750 Electric Vehicle Deliveries

Shruti JoshiBusiness

Revenue reaches ₹687 crore, with 401 electric vehicles delivered during the quarter and a strong order book of over 8,000 electric buses. Hyderabad (Telangana) [India], November 12: Olectra Greentech Limited, India’s leading electric mobility company, today announced its financial results for Q2 FY27, reporting continued growth in revenue, profitability and electric vehicle deliveries. The company’s performance reflects its strong operating foundation, focus on execution and growing contribution to India’s electric public transportation ecosystem. Olectra reported revenue of ₹687.01 crore during the quarter, with EBITDA growing 18% to ₹109.89 crore and Profit After Tax reaching ₹52.12 crore. The company delivered 401…

12 Nov

One inspection standard for furniture, textiles, tiles and toys: Qualis Assurance launches Clear To Load

BusinessBusiness

Jodhpur-based Qualis Assurance, a furniture quality inspection company since 2017, has launched Clear To Load to bring the same third-party quality inspection method to textiles, tiles, toys and rugs made anywhere in India. Jodhpur (Rajasthan) [India], November 12: Qualis Assurance, which has inspected furniture for overseas buyers since 2017, has launched a second brand, Clear To Load. The new brand applies the same sampling method and independence rules to textiles, tiles, toys, rugs and other goods made in India. Qualis Assurance continues as a furniture-only brand. Key facts • Qualis Assurance: an independent furniture quality inspection company in Jodhpur, Rajasthan,…

11 Nov

Brace Port targets to Double Revenue in FY 28; Strengthens Expansion Plans Through SageRoute Investment

BusinessBusiness

Stellar H1 FY27 performance; Acquires 76% stake in SageRoute Logistics, a proposed joint venture entity projected to generate ₹70–75 crore in revenue over the next 12 months New Delhi [India], November 11: Brace Port Logistics Limited reported a strong financial performance for the half year ended September 30, 2026, with consolidated revenue from operations rising 34.9% year-on-year to ₹44.43 crore, compared with ₹32.94 crore in the corresponding period last year. Profit after tax (PAT) increased 39.5% to ₹3.47 crore, against ₹2.49 crore in H1 FY26, while profit before tax (PBT) grew 38.7% to ₹4.67 crore. Building on this performance, the…

11 Nov

Amit Puri CL Infratech: Redefining Luxury Living Amidst Nature with Vana and Vanamrit in Jim Corbett

BusinessBusiness

New Delhi [India], November 11: Founded by Amit Puri and Praveen Tanwar, CL Infratech brings together years of complementary professional experience and a shared vision of developing premium nature-inspired residential destinations in Uttarakhand. The vision behind Amit Puri CL Infratech is rooted in a partnership built on professional trust, complementary expertise and a shared entrepreneurial ambition. Founded by Amit Puri and Praveen Tanwar, CL Infratech is developing a distinctive approach to residential real estate, with a focus on premium luxury cottages and nature-inspired living spaces in the Jim Corbett region. The association between the two entrepreneurs dates back to 2010,…

11 Nov

Calvin Klein unwraps the icons with Jungkook of BTS for Holiday 2026

BusinessBusiness

Signature denim, seasonal layers, and elevated staples come together in Jung Kook’s curated holiday edit New Delhi [India], November 11: Calvin Klein, Inc., part of PVH Corp. [NYSE], today introduces its Holiday 2026 offering, including a personal edit of Calvin Klein icons selected by global brand ambassador Jung Kook of pop royalty BTS. From iconic denim silhouettes to the refined essentials he returns to again and again, Jung Kook’s curated edit brings together his favorite Calvin Klein pieces for the holiday season. “There are certain Calvin Klein styles that I always come back to – especially the denim,” said Jung…

11 Nov

ORA Land Sells Out Phase 1 of Flagship BluBay Project in Karjat, Generating Rs 145 Crore in Revenue

BusinessBusiness

Ms. Unnati Varma, Director, ORA Land (by ORA Group), along with Suryakumar Yadav, during the success event of Phase 1 of BluBay, Karjat Mumbai (Maharashtra) [India], November 11: Demonstrating robust commercial traction and reinforcing investor confidence in the Mumbai Metropolitan Region’s (MMR) high-growth corridors, ORA Land, the dedicated land development vertical of ORA Group, today announced the successful sell-out of Phase 1 of its flagship project, BluBay in Karjat. Within a record timeframe following its launch, ORA Land successfully sold 150 residential plots, generating over ₹145 Crore in top-line revenue. Maiden plotted development vertical of ORA Group achieves swift commercial…

11 Nov

Krafton Announces Third Quarter 2026 Results

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Bengaluru (Karnataka) [India], November 11: KRAFTON, Inc. today announced its third quarter earnings for 2026. Third quarter revenue reaches KRW 971.4 billion, up 11.6% year-over-year Third quarter operating profit reaches KRW 225 billion, down 35.5% year-over-year  Revenue and operating profit reach record highs for the first nine months of 2026, growing 51% and 14% year-over-year, respectively Based on consolidated financial statements prepared in accordance with Korean International Financial Reporting Standards (K-IFRS), KRAFTON reported third-quarter revenue of KRW 971.4 billion and operating profit of KRW 225 billion. Cumulative revenue reached KRW 3.633 trillion and operating profit totaled KRW 1.1975 trillion in…

11 Nov

Russian Fintech A7 Announces Plans to Expand Cross-Border Payment Options for India at Mumbai Summit

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A7 says India-bound payment volumes in the first eight months of 2026 exceeded its full-year 2025 total by 60% Mumbai (Maharashtra) [India], November 11: Russian fintech company A7 announced plans to expand cross-border payment options for businesses trading between India and Russia. At Unchained Summit India in Mumbai on 5th and 6th November 2026, its delegation presented an invoice service that lets buyers pay in digital currency while overseas suppliers receive funds by bank transfer. A7 identified India as a priority market, citing growth in payments through its network. According to company data, the volume of payments it processed to…

11 Nov

Kissht parent OnEMI completes Rs 832 crore preferential issue; 24 new investors join, existing shareholders add stakes

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Mumbai (Maharashtra) [India], November 11: OnEMI Technology Solutions Ltd, the parent of digital lender Kissht, has allotted 2,64,93,882 equity shares to 34 investors at ₹314.11 apiece, completing a preferential issue worth ₹832.20 crore. The new shares received trading approval from BSE and NSE on November 8. The Board approved the allotment on October 23, according to a filing with the exchanges. The shares, with a face value of ₹1 each, rank equally with the company’s existing equity. They take OnEMI’s paid-up capital from ₹17.81 crore to ₹20.46 crore, which means the new shares make up about 13 per cent of…

11 Nov

Why Indian Investors Are Exploring Dubai’s Property Market: Sushil Chouhan’s Perspective on Palm Jebel Ali, Emaar South, Dubai South and Emerging Investment Opportunities

BusinessBusiness

Bridging India and the UAE, Sushil Chouhan highlights property opportunities across Dubai’s emerging communities for Indian founders, professionals and high-net-worth families. Dubai (UAE), November 11: As Indian investors explore international real estate, Dubai offers residential, waterfront and commercial options. Sushil Chouhan, Chief Operating Officer of Under One Roof Real Estate LLC, helps Indian buyers understand this landscape through a research-led approach focused on location, developer credentials, regulatory clarity and investment objectives. Chouhan’s perspective spans developments. In Dubai South, he highlights the relationship between residential growth, logistics activity and the planned expansion of Al Maktoum International Airport. Emaar South offers a master-planned…