Business – Page 81 – THE ECONOMIC INDIA

21 May

QAD | Redzone Strengthens AI Commitment with New Pune Hub Inauguration

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Pune (Maharashtra) [India], May 21: QAD | Redzone, the company redefining manufacturing and supply chains through intelligent, adaptive solutions, announced the inauguration of its new regional hub in Pune, India on May 11, 2026. The inauguration marks a key step in advancing the company’s product engineering and technology capabilities across its three strategic platform pillars: Redzone – empowering the frontline workforce Adaptive Applications – the intelligent operational backbone ChampionAI – Agentic AI built specifically for manufacturing The Pune hub represents a strategic investment in the region aimed at advancing QAD | Redzone’s position as an AI-first company, accelerating technology innovation, and building stronger support mechanisms…

21 May

German Trade Fair Leader Messe Stuttgart Strengthens Presence in India with Acquisition of ‘Cable & Wire Fair’

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New Delhi [India], May 21: India’s wires and cables industry, already valued at nearly ₹90,000 crore, is expected to reach ₹1,57,500 crore by FY30. The sector is now seen as a critical enabler of modern engineering, infrastructure, and manufacturing excellence. This growth is being driven by expanding renewable energy targets, rising housing demand, and rapid upgrades to telecom infrastructure, positioning the sector not just as a manufacturing backbone but also as a key enabler of modern engineering and infrastructure systems. To further strengthen the ecosystem, German trade fair leader, Messe Stuttgart, has announced the acquisition of Cable & Wire Fair,…

21 May

WebyStrata: Reseller Hosting Provider in India for Agencies, Developers, and Businesses

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Building Reliable Hosting and Digital Solutions for Indian Businesses Bengaluru (Karnataka) [India], May 21: As more Indian businesses move online, the requirement is no longer limited to buying a domain or launching a basic website. Businesses now need reliable hosting, scalable servers, professional websites, mobile applications, technical support, and a technology partner that can support them as they grow. WebyStrata.com is addressing this need by offering reseller hosting, web hosting, VPS servers, dedicated servers, web design, and mobile app development services for customers across India. The company focuses on serving agencies, developers, startups, institutions, professionals, and growing businesses that need…

21 May

KRN Heat Exchanger’s Neemrana Facility Receives Rs 182.95 Cr Incentive from Rajasthan Government

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Jaipur (Rajasthan) [India], May 21: KRN Heat Exchanger and Refrigeration Limited (BSE: 544263 | INE0Q3J01015 | NSE: KRN), one of India’s leading manufacturers of heat exchangers and HVAC solutions, has secured a major incentive approval under the Rajasthan Investment Promotion Scheme (RIPS-2024) for its Neemrana manufacturing facility. The award significantly boosts its long-term cost competitiveness and profitability. The approval, granted to its wholly owned subsidiary KRN HVAC Products Private Limited, is linked to an eligible fixed capital investment (EFCI) of ₹182.95 crore, underlining the scale of the Company’s manufacturing commitment in Rajasthan. As part of the scheme, KRN will benefit from: Turnover-linked incentive of 1.54% of…

21 May

Signature Global launches ‘Prive Iconic Tower’ furnished by Armani Casa at SPR, Gurugram; eyes Rs 580 crore revenue

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Gurugram (Haryana) [India], May 21: Signature Global Ltd has announced the launch of Prive Iconic Tower, an ultra-luxury residential development furnished by Armani/Casa, within its flagship township Cloverdale on Southern Peripheral Road (SPR), Gurugram. Developed in association with SEETU Kohli Homes, the project marks a significant step in Signature Global’s expansion into the premium and luxury housing segment, with a focus on globally inspired design and low-density living. The standalone tower comprises 72 exclusive residences, offering spacious 4-bedroom apartments with only two units per floor, designed to deliver privacy, space, and an elevated lifestyle experience. The development will feature exclusive private amenities, curated in alignment with Armani/Casa’s global…

21 May

Signature Global launches ‘Prive Iconic Tower’ furnished by Armani Casa at SPR, Gurugram; eyes Rs 580 crore revenue

BusinessBusiness

Gurugram (Haryana) [India], May 21: Signature Global Ltd has announced the launch of Prive Iconic Tower, an ultra-luxury residential development furnished by Armani/Casa, within its flagship township Cloverdale on Southern Peripheral Road (SPR), Gurugram. Developed in association with SEETU Kohli Homes, the project marks a significant step in Signature Global’s expansion into the premium and luxury housing segment, with a focus on globally inspired design and low-density living. The standalone tower comprises 72 exclusive residences, offering spacious 4-bedroom apartments with only two units per floor, designed to deliver privacy, space, and an elevated lifestyle experience. The development will feature exclusive private amenities, curated in alignment with Armani/Casa’s global…

21 May

Ratul Puri Led Hindustan Power signs Power Supply Agreement with MP Power Management Company Limited for supply of 800 MW Power

Shruti JoshiBusinessRatul Puri

Ratul Puri, Chairman, Hindustan Power New Delhi [India], May 21: Hindustan Power, one of India’s leading integrated power producers, has signed a Power Supply Agreement (PSA) with MP Power Management Company Limited for the supply of 800 MW. The agreement is facilitated through its subsidiary, Anuppur Powerprojects Private Limited. The Power Supply Agreement (PSA) for 800 MW will be supplied from the upcoming unit of Hindustan Power at Anuppur, strengthening its contribution toward meeting Madhya Pradesh’s growing power requirements. Under the terms of this agreement, power supply from this project is scheduled to commence from 2031. The PSA is structured…

21 May

Ratul Puri Led Power Supply Agreement with MP Power Management Company Limited for supply of 800 MW Power

BusinessBusiness

Ratul Puri, Chairman, Hindustan Power New Delhi [India], May 21: Hindustan Power, one of India’s leading integrated power producers, has signed a Power Supply Agreement (PSA) with MP Power Management Company Limited for the supply of 800 MW. The agreement is facilitated through its subsidiary, Anuppur Powerprojects Private Limited. The Power Supply Agreement (PSA) for 800 MW will be supplied from the upcoming unit of Hindustan Power at Anuppur, strengthening its contribution toward meeting Madhya Pradesh’s growing power requirements. Under the terms of this agreement, power supply from this project is scheduled to commence from 2031. The PSA is structured…

21 May

Ratul Puri Led Power Supply Agreement with MP Power Management Company Limited for supply of 800 MW Power

BusinessBusiness

Ratul Puri, Chairman, Hindustan Power New Delhi [India], May 21: Hindustan Power, one of India’s leading integrated power producers, has signed a Power Supply Agreement (PSA) with MP Power Management Company Limited for the supply of 800 MW. The agreement is facilitated through its subsidiary, Anuppur Powerprojects Private Limited. The Power Supply Agreement (PSA) for 800 MW will be supplied from the upcoming unit of Hindustan Power at Anuppur, strengthening its contribution toward meeting Madhya Pradesh’s growing power requirements. Under the terms of this agreement, power supply from this project is scheduled to commence from 2031. The PSA is structured…

21 May

India’s Direct Selling Industry Surpasses Rs 23,000 Crore; Direct Sellers Rise to over 93 Lakh

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New Delhi [India], May 21: India’s direct selling industry has continued its steady growth trajectory, achieving an all-time high turnover of ₹23,021 crore in FY 2024–25, registering a 4% year-on-year growth over ₹22,142 crore recorded in the previous fiscal year, according to the Direct Selling Industry 2025 Outlook released by the Indian Direct Selling Association (IDSA). The study, conducted by IPSOS, knowledge partner to IDSA, was unveiled by Shri Praveen Khandelwal, Hon’ble Member of Parliament & Secretary General, Confederation of All Indian Traders (CAIT), during an industry event on 14 May 2026 in New Delhi, highlighting the sustained expansion and…