Business

Mumbai (Maharashtra) [India], May 12: Gaurik Fashions has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an initial public offering (IPO), aiming to raise capital to expand its premium fashion and lifestyle retail network across India. The proposed IPO comprises a fresh issue of 62 lakh equity shares along with an offer for sale (OFS) of 8 lakh shares by existing investor Aries Opportunities Fund. The company intends to list its equity shares on both the National Stock Exchange (NSE) and the BSE. The IPO proceeds are proposed to be utilised…

Rajesh Bothra — Singapore-based entrepreneur, global business leader, and proud torchbearer of the Marwari business tradition New Delhi [India], May 11: Here is a question worth sitting with: How did a community from the deserts of Rajasthan — with no ports, no natural resources, and no political patronage — become one of the most successful business communities in the history of global trade? No MBA. No angel investors. No algorithms. Just a set of values passed from parent to child across generations that turned out to be the most durable competitive advantage in the world. Rajesh Bothra, the Singapore-based entrepreneur who…

Bengaluru (Karnataka) [India], May 11: Kennametal India Limited (KIL) reported revenues of ₹4031 million for the quarter ended March 31, 2026, representing a growth of 39% compared to ₹2896 million in the corresponding quarter of the previous year. Profit Before Tax (PBT) for the quarter stood at ₹692 million, an increase of 111% over ₹328 million in Q3 FY25. Commenting on the performance, Vijaykrishnan Venkatesan, Managing Director, Kennametal India, said, “Our strong performance during the quarter reflects our ability to leverage our diversified product portfolio and capitalize on favorable macroeconomic conditions to drive volume expansion. At the same time, we are actively managing our tungsten supply chain and remain…

Pune (Maharashtra) [India], May 9: Patil Automation Limited (NSE: PATILAUTOM | INE17GV01016), a leading provider of turnkey welding, assembly, and robotics-integrated automation systems, has announced its Audited Financial Results for H2 FY26 and FY26. H2 FY26 Standalone Key Financial Highlights Total Income of ₹83.27 Cr, YoY growth of 35.26% EBITDA of ₹13.73 Cr, YoY growth of 55.39% EBITDA Margin stood at 16.49%, improved by 214 bps YoY Net Profit of ₹8.32 Cr, YoY growth of 49.06% Net Profit Margin stood at 9.99%, improved by 92 bps YoY Diluted EPS of ₹3.81, YoY growth of 6.72% FY26 Standalone Key Financial Highlights Total Income of ₹156.82 Cr, YoY growth…

Mumbai (Maharashtra) [India], May 9: Sayyam Investments Pvt. Ltd., the company behind digital lending platform PayRupik, has been recognized at the Global LendTech & Collections Summit & Awards Series 2026 with the award for “Best Customer Experience in Lending & Collections.” The recognition highlights the platform’s continued focus on building seamless, transparent, and user-first lending experiences in India’s fast-growing digital credit ecosystem. The summit, held at Novotel Mumbai Juhu Beach, brought together industry leaders, fintech innovators, regulators, and risk professionals to discuss the future of lending, collections, and financial technology. The event focused on key themes such as digital transformation, AI-driven collections, regulatory compliance, and customer-centric innovation…

New Delhi [India], May 8: Neetu Yoshi Limited (BSE: 544434), one of the leading manufacturing customized products in various grades of ferrous metallurgical materials, including mild steel, spherical graphite iron, cast iron, and manganese steel, has announced key outcomes from its Board Meeting held on April 29, 2026, including approval of a preferential fund raise aimed at strengthening its next phase of growth. Key Highlights of the Announcement: Approved fund raising of ₹27.48 Cr through issuance of 26,42,400 convertible warrants  Warrants convertible into equity shares of face value ₹5 each  Issue price fixed at ₹104 per warrant  Subject to shareholder and regulatory approvals The…

New product gives organizations a governed path to using AI with sensitive data, with full data sovereignty, compliance coverage, and integration into the ARMOR data security intelligence platform Mumbai (Maharashtra) [India], May 8: Seclore, the Data Security Intelligence company, today announced the general availability of ARMOR AI-DLP to help enterprises safely adopt AI without losing control of sensitive data. By addressing the operating model legacy data loss prevention was not built for: sensitive data moving at AI speed, through AI workflows, across AI tools around the world, CISOs can meet their board’s AI acceleration directives by enabling the sanctioned use…

Neat Singapore, May 8: Neat, the pioneering video technology company, today announced the appointment of Javed Khan as Chief Executive Officer (CEO). Khan, a seasoned technology executive with a proven track record in AI-driven transformation, takes the helm as the company gears up for global expansion. The appointment of Khan signals Neat’s commitment to deeper investments in artificial intelligence as the engine for its next wave of innovation. With a career defined by bold leadership, technical mastery, and a product-first mindset, Khan is uniquely positioned to unite sophisticated edge computing with Neat’s simple, elegant user experiences.        …

Director Octavius – Ekta Jain New Delhi [India], May 7: The gift you give speaks volumes. That’s why premium tea gifting evolved from simple politeness into a genuine art form. Octavius exemplifies the art of drinking gourmet teas. It makes the rare luxury of pure and unblended Indian teas available to connoisseurs across India and globally. Some of their selections stand apart because they treat every cup as something worth remembering in a country where tea drinking forms an essential part of daily routines. Why Tea Gifting Matters More Than Ever The gifting world has shifted because in the current times, thoughtful givers seek meaning, not…

This alliance brings enterprise consulting and AI-enabled engagement capabilities together for customer-centric transformation. Mumbai (Maharashtra) [India], May 8: KPMG in India and CleverTap today announced a strategic alliance to embed advanced customer engagement capabilities into enterprise transformation programs. The alliance brings together KPMG in India’s Connected Enterprise and advisory capabilities with CleverTap’s customer engagement and retention platform, enabling organisations to explore greater personalisation, while staying aligned with governance, security, and key business priorities.   The alliance will focus on organisations across the BFSI (Banking and Financial Services), retail, and consumer markets. By integrating CleverTap’s analytics and orchestration capabilities into KPMG in India–led initiatives,…