Business – Page 53 – THE ECONOMIC INDIA

18 Jun

SEIL Repays Additional Rs. 15 Cr Term Loan; Debt Reduction Crosses Rs. 86 Cr; Achieves Around 25 Percent Debt Reduction Milestone Since October 2025

BusinessBusiness

Visakhapatnam (Andhra Pradesh) [India], June 18: Steel Exchange India Limited (NSE: STEELXIND, 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 further key advancement in its ongoing deleveraging efforts. The Company has repaid ₹15 crore towards its Term Loan facilities, representing approximately 5.5% of its total outstanding debt, reflecting its continued focus on balance sheet strengthening and prudent financial management. This follows the Company’s earlier redemption of ₹43.19 crore towards Non-Convertible Debentures (NCDs) and repayment of ₹28 crore over the preceding quarters.…

18 Jun

YAAP Digital Onboards Industry Veteran Sambit Mohanty as Group Chief Creative Officer to Power Its Next Growth Chapter

Shruti JoshiBusiness, Press Release

Gurugram (Haryana) [India], June 18: Yaap Digital Limited (NSE: YAAP | INE0U0J01015), one of India’s fast-growing digital-first media and marketing solutions companies, is pleased to announce the appointment of Mr. Sambit Mohanty as Group Chief Creative Officer (GCCO). Mr. Mohanty joins YAAP with over 20 years of experience in advertising, brand building and integrated marketing communications. Prior to joining YAAP, he served as Creative Head – North & South at McCann Worldgroup India. Over the course of his career, he has held leadership roles at leading agency networks including JWT, DDB, Bates, Elephant Design and McCann Worldgroup. In his new role, Mr. Mohanty will lead…

18 Jun

Nesterra Launches New Collection, a Celebration of Grandeur, Craft and Timeless Luxury

Shruti JoshiBusiness

Nesterra 6.0 Launch Event Pictures Mumbai (Maharashtra) [India], June 18: Nesterra, the home textiles brand from Sutlej Textiles and Industries Limited, part of the K.K. Birla Group, has launched its New Collection, a premium range that brings together design, craftsmanship, performance, and responsible manufacturing in one layered offering. Built around three distinct narratives, Featuring You, Flawless, and Everyday Luxe, the collection introduces a wide portfolio of upholstery and curtain fabrics designed for contemporary homes that value depth, durability, and visual richness. Inspired by the warmth and permanence of heritage homes, the new collection uses refined maximalism to create interiors that…

18 Jun

Country Club Hospitality & Holidays Ltd. Launches “COUNTRY CATERERS” – A New Chapter in Premium Catering, Destination Weddings & Celebrations Across India

Shruti JoshiBusiness

Hyderabad (Telangana) [India], June 18: Country Club Hospitality & Holidays Ltd., one of India’s leading hospitality and leisure companies, proudly announces the launch of COUNTRY CATERERS, a strategic new business vertical that extends the Company’s renowned hospitality, culinary excellence, and event management expertise beyond its clubs and resorts. The launch of COUNTRY CATERERS builds upon Country Club’s successful legacy in the celebrations and wedding segment. Over the years, the Company introduced Country Vivah, an innovative wedding services concept that was launched by Bollywood superstar Hrithik Roshan and received an overwhelming response from customers across India. The concept became a landmark initiative…

18 Jun

Alan Scott Vajarashakti Launches AIRCUE, India’s First Wall Clock with an Integrated Air Quality Monitor

Shruti JoshiBusiness, Press Release

Mumbai (Maharashtra) [India], June 18: Alan Scott Enterprises Limited (ALANSCOTT, BSE: 539115), a diversified innovation-led enterprise focused on building future-ready businesses across wellness, AI, automation, clean-tech, education, and infrastructure solutions, has announced the launch of AIRCUE, India’s first wall-hanging clock with a built-in Air Quality Index (AQI) monitor. Designed for homes, offices, schools, and public spaces, AIRCUE brings together timekeeping, real-time environmental monitoring, and eco-responsible design in a single wall-mount unit – a first of its kind in the country. Key Features of AIRCUE Real-time AQI display Temperature and humidity monitoring PM2.5 and PM10 tracking NOx and VOC indication Large, easy-to-read digital…

18 Jun

Ajay’s Cafe Enters Kutch with First Outlet in Bhuj; Plans 8-10 Cafes Across the Region in the forthcoming Days

Shruti JoshiBusiness

With 272 outlets across Gujarat, the expansion into Kutch reinforces the brand’s commitment to regional growth, employment generation, and strengthening its footprint across Gujarat Bhuj (Gujarat) [India], June 18: Ajay’s Cafe, one of Gujarat’s largest and fastest-growing cafe chains, has officially entered the Kutch region with the launch of its first outlet in Bhuj on 18 June 2026. The opening marks a significant milestone in the brand’s growth journey and reinforces its commitment to expanding its presence across Gujarat. Having built a network of 272 outlets, Ajay’s Cafe has emerged as one of the state’s most widely present organised cafe brands. The company’s entry into…

18 Jun

greytHR Earns Great Place to Work® Certification for 2026

Shruti JoshiBusiness, Press Release

greytHR has been certified as a Great Place to Work® again with a 95% employee participation rate and 84% Trust Index score. Bengaluru (Karnataka) [India], June 18: greytHR is Great Place to Work® Certified. greytHR, India’s leading HRMS platform, has been officially certified as a Great Place to Work® again. This prestigious, globally recognized benchmark for workplace excellence reinforces greytHR’s steadfast commitment to building a high-trust, high-performing culture that prioritizes employee fulfillment and sustainable innovation. Key Metrics from the 2026 Evaluation The Great Place to Work® certification is determined entirely by direct, anonymous employee feedback across five pillars: credibility, respect, fairness, pride, and camaraderie.…

18 Jun

Khavda to Maharashtra: A Critical Power Transmission Link Strengthening India’s Energy Security

Shruti JoshiBusiness

New Delhi [India], June 18: The Khavda project, being developed in the vast expanse of the Rann of Kutch in western India, is emerging as one of the country’s largest renewable energy hubs. However, the success of any energy project is not measured solely by the amount of electricity it generates; it also depends on how efficiently, reliably, and safely that electricity reaches consumers. Cities, industries, and households located hundreds of kilometers away can benefit from power generation only when supported by a robust transmission network. Against this backdrop, the Khavda IV C Power Transmission Project is becoming a vital component of India’s energy infrastructure. As…

18 Jun

Prem Prakash Taneja & Kul Prakash Taneja Lead Pratapsons Jaipur Through Changing Retail Trends

BusinessBusiness

New Delhi [India], June 18: As India’s fashion retail industry evolves with digital commerce, changing consumer preferences and growing competition, several family-owned businesses continue to demonstrate the value of legacy, trust and long-term customer relationships. Among them is Pratapsons Jaipur, a retail brand that has remained active in Rajasthan’s ethnic wear market for more than seven decades. The business traces its origins to 1954, when late Shri Pratap Rai Taneja established Pratap Cloth Store in Jaipur. What began as a traditional clothing store later expanded under the leadership of late Shri Om Prakash Taneja and has since been carried forward by Prem…

18 Jun

Tech Parks Inside Mixed-Use Developments: Changing the Corporate Leasing Game

BusinessBusiness

Integrated mixed-use campuses attract tech talent by combining work, housing, amenities, flexibility, wellbeing, networking, & sustainable office environments New Delhi [India], June 18: The way technology and IT companies lease office space is undergoing a quiet but significant transformation. Gone are the days when a sleek glass tower in a standalone business district was the gold standard. Today, forward-thinking companies from fast-scaling startups to established IT giants are seeking commercial space within integrated, mixed-use developments. The reason is simple: the best talent demands more than a desk. The Shift in Corporate Leasing Priorities Ask any HR head at a mid-sized…