Business – Page 9 – THE ECONOMIC INDIA

05 Mar

Steel Exchange India Ltd (SEIL) to Raise INR 350 Cr via Preferential Issue; IMR Group to Invest 300 Cr in the Company

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Mumbai (Maharashtra) [India], March 05: IMR Group (“IMR”), a leading international metals and mining conglomerate, today announced a strategic investment of INR 300 Crores in Steel Exchange India Limited (“SEIL”) through subscription to share warrants. The investment will be made through IMR’s Indian entities — India Coke and Power Private Limited (“ICPPL”) and IMR Steel Private Limited (“ISPL”). This capital infusion will strengthen SEIL’s operations, optimize its debt structure, and position the company for accelerated growth — marking a significant milestone in IMR’s forward integration strategy and its expansion across India’s high-growth steel sector. Strategic Impact IMR Group, headquartered in…

05 Mar

Indcap Advisors Becomes A Founding Member of Advisiom Global M and A

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New Delhi [India], March 05: Indcap Advisors, a leading mid-market investment bank and SEBI-registered Category I Merchant Banker, is proud to announce its induction as the Founding Member for India, exclusively, in the Advisiom Global M&A Alliance — an international network of independent advisory firms focused on cross-border mergers and acquisitions. The Advisiom Global M&A Alliance brings together carefully selected advisory firms across key global markets to facilitate seamless cross-border deal execution, local intelligence, and strategic buyer access for mid-market transactions. As a Founding Member representing India, Indcap will provide inbound and outbound M&A access for global partners seeking opportunities in…

05 Mar

Patil Automation Subsidiary Secures Rs 12.67 Crore Order for Automatic Robotics Lines

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Pune(Maharashtra) [India], March 05: Patil Automation Limited (NSE: PATILAUTOM | INE17GV01016), a leading provider of turnkey welding, assembly, and robotics-integrated automation systems, announced that its subsidiary, MII Robotics Private Limited, has received multiple purchase orders valued at ₹12.67 crore (inclusive of all taxes and duties) from domestic Indian companies. Order Overview: The orders involve the supply of Automatic Robotics Lines, including live feed NUB MIG welding systems and robotic automation solutions. The projects are intended for applications in the defence sector, supporting automated manufacturing processes for defence-related production. Execution of the orders is scheduled on or before August 2026 Strategic Significance: This order strengthens Patil Automation…

03 Mar

KLIP Launches as a ‘Snackable Netflix for Bharat’ for India’s Mobile-First Viewers

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Mumbai (Maharashtra) [India], March 03: KLIP has entered India’s digital entertainment space with the launch of a micro-drama platform built for mobile-first audiences across the country. The platform is positioning itself as a snackable entertainment app aimed at viewers who increasingly engage with stories in short, intentional viewing moments rather than extended sessions. The launch is rooted in the company’s attempt to bridge a widening gap in digital viewing behaviour, between the chaos of unstructured, unintentional short-form content binging and the commitment required by long-form OTT series. While short-video platforms encourage endless scrolling without narrative payoff, traditional streaming formats often…

03 Mar

Meet top 10 Brands Transforming Industries and Setting New Benchmarks in 2026

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New Delhi [India], March 03: As industries accelerate toward innovation and digital transformation, certain brands rise above the noise to become true game-changers. These 10 pioneering brands across technology, marketing, finance, wellness, real estate, and media are not just participating in the market—they are redefining it. Through bold strategies, customer-centric innovation, and future-ready leadership, they are transforming traditional models, setting new performance benchmarks, and shaping the business landscape of 2026. 1. Mitti Ke Mahanayak: Sunil Sushila Sharma’s Mission for Soil, Sustainability & Farmers In India’s evolving agricultural and environmental landscape, Mitti Ke Mahanayak has emerged as a powerful platform for change under the…

03 Mar

Agrowise Launches Comprehensive Agriculture Consultancy to Strengthen Agri-Businesses and Promote Public Health

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Bengaluru (Karnataka) [India], March 03: Agrowise, a dynamic agriculture consultancy service, is proud to announce its continued commitment to supporting agri-businesses across the country through strategic marketing and sales partnerships. With a strong vision to scale up agro enterprises and ensure the availability of quality food products to the public, Agrowise is positioning itself as a catalyst for sustainable agricultural growth and improved community well-being. Founded under the leadership of *Dr Saurish Hegde, Agrowise works closely with farmers, agripreneurs, food producers, and agricultural organizations to enhance market access, strengthen brand positioning, and improve distribution networks. By bridging the gap between…

03 Mar

The Art of Sacred Living: Premium Teakwood Pooja Mandir Designs for Modern & Traditional Homes

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New Delhi [India], March 03: In the middle of daily noise and routine, everyone needs a moment of pause. A pooja mandir offers that pause. It creates a peaceful space for reflection and prayer. When designed in premium teakwood, it adds both calmness and quiet strength to the home. Modern interiors often look clean and open. People choose simple colours and clear lines. In a space like this a pooja mandir should be really nice and balanced. It should not look too big like it does not belong to the place. A premium teakwood pooja mandir is a good choice because…

03 Mar

Cupid Limited Announces Record Date for 4:1 Bonus Issue

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Mumbai (Maharashtra) [India], March 03: Cupid Limited (BSE: 530843 | NSE: CUPID) has announced the issue and allotment of Bonus Equity Shares in the ratio of 4:1, rewarding its shareholders for their continued trust and support. The Company has fixed Monday, March 09, 2026 as the Record Date for determining the eligibility of shareholders entitled to receive the Bonus Equity Shares. Under the approved bonus issue, eligible shareholders will receive: 4 (Four) new fully paid-up equity shares of ₹1 each For every 1 (One) existing fully paid-up equity share of ₹1 each Held as on the Record Date The deemed date of…

03 Mar

Supreme Power Equipment Limited Commences Operations at New High-Capacity Transformer Manufacturing Facility

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Chennai (Tamil Nadu) [India], March 03: Supreme Power Equipment Limited(SPEL) (NSE: SUPREMEPWR), one of India’s leading manufacturers of power and distribution transformers, has successfully commenced commercial production at its new manufacturing unit located at Kannur Village, Thiruvallur District, near Chennai, Tamil Nadu. The newly commissioned facility is designed for the manufacture of power transformers up to 200 MVA and 220 kV, with an annual production capacity of 6,000–6,500 MVA. With the commencement of operations at this unit, the company’s total installed manufacturing capacity now stands at approximately 9,000 MVA per annum, significantly enhancing its production capabilities. Prior to this expansion, the company…

03 Mar

RoDTEP Rates Reduction – A Huge Shock for Exporters – Shri Shaleen Toshniwal, Chairman, MATEXIL

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Shaleen Toshniwal, Chairman – MATEXIL Mumbai (Maharashtra) [India], March 02: “The abrupt and unexpected reduction in the RoDTEP rates and the notified value caps for all HS lines by 50% has come as a big surprise and a huge shock for the exporters,” said Shaleen Toshniwal, Chairman of MATEXIL (Manmade and Technical Textiles Export Promotion Council). The DGFT (Directorate General of Foreign Trade) has reduced RoDTEP rates and the notified value caps for all HS lines by 50% vide Notification No. 60/2025-26 dated February 23, 2026. “The implementation of this notification with immediate effect will have an adverse impact on…