Finance – THE ECONOMIC INDIA

16 Oct

Magellanic Cloud’s Wholly Owned Subsidiary Provigil Surveillance Limited Secures Rs 29.13 Crore Order for KUMBH MELA 2027 in Haridwar

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Deploying Integrated AI CCTV, Video Analytics & Centralised Command Infrastructure to be completed in 3 Months Hyderabad (Telangana) [India], October 16: Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891) announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) worth ₹29.13 Crore from Northern Railway, Moradabad Division, for the provision of CCTV and integrated e-surveillance infrastructure at railway stations between LRJ–HW and HW–RKSH for KUMBH MELA 2027 in Haridwar. The order reinforces Magellanic Cloud’s growing presence in technology-led public safety infrastructure, with the deployment integrating IP-based CCTV cameras, video analytics, face recognition systems and…

16 Oct

PC Jeweller in Focus After Reported Rs 73.59 Crore Bulk Deal; Debt Reduction, Revenue Growth Draw Attention

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Mumbai (Maharashtra) [India], October 16: PC Jeweller Ltd has come into focus following reports that Aditya Kumar Halwasiya, associated with Cupid Ltd, acquired 5.10 crore shares of the jewellery retailer at ₹14.43 per share, in a transaction valued at approximately ₹73.59 crore. The reported bulk deal comes amid PC Jeweller’s efforts to strengthen its financial position, reduce borrowings and revive operational performance. The company has reportedly achieved debt-free status following the repayment of outstanding bank borrowings. The development could help reduce financing costs and improve financial flexibility, although its impact on profitability will depend on subsequent financial performance. On the…

15 Oct

From Gold to Code: Why Digital Assets Are Becoming the New Language of Global Wealth

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By Ruchit Thakur, Market Analyst, VT Markets New Delhi [India], October 15: Every financial revolution begins as speculation. The successful ones eventually become infrastructure. Each age has trusted in a different form of value. In the past, people stored their wealth in gold because it was rare and widely trusted. Over time, that trust shifted to banks, governments, and large companies, which gave value to money, stocks, and other financial assets. Today, technology is changing the way we think about wealth. As more aspects of life move online, people are beginning to trust digital assets alongside traditional forms of investment,…

14 Oct

From Moving Homes to Moving Smarter: NoBroker Technologies Earns Gold for AI/ML Excellence in Logistics

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New Delhi [India], October 13: NoBroker Packers and Movers, the relocation services vertical of NoBroker Technologies Solutions Private Limited, has won the Gold award in the “Best Use of AI/ML in Logistics” category at the ET Supply Chain Awards, held recently in New Delhi. The recognition places NoBroker Packers and Movers alongside some of the country’s most established industrial and consumer names, with other winners at the event including Tata Motors, ITC and Licious, underscoring the calibre of the competition and the scale of the achievement. Organised under the aegis of The Economic Times’ supply chain vertical, the ET Supply…

13 Oct

IBL Finance Limited proposes a public issue of Secured, Rated, listed, and Redeemable NCDs aggregating up to Rs 50 crore

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Surat (Gujarat) [India], October 13: IBL Finance Limited (“IBL Finance” or “the Company”), a technology-enabled Non-Banking Financial Company (NBFC), proposes a public issue of up to ₹50 Cr. Secured, Rated, Listed and Redeemable Non-Convertible Debentures (“NCDs”) of face value of ₹1,000 each. The Issue comprises a base issue of ₹25 crore, with a green shoe option to retain oversubscription of up to ₹25 crore, aggregating up to ₹50 crore. The NCDs are proposed to be listed on BSE Limited. The Issue is scheduled to open on October 12, 2026 and close on October 26, 2026, subject to the terms of…

13 Oct

Elitecon International Board Approves Rs 1,000 Crore Fundraise Through QIP; Check Details

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New Delhi [India], October 13: Elitecon International Limited has announced that its Board of Directors has approved a proposal to raise up to ₹1,000 crore through Qualified Institutions Placements (QIP), according to an exchange filing dated October 12, 2026. The decision was taken at the company’s board meeting held on Monday, October 12, as part of its proposed capital-raising plans. As per the regulatory filing, the company may issue equity shares or other eligible securities, including instruments convertible into or exchangeable for equity shares. The fundraising may be conducted in one or more tranches, subject to applicable regulations. The company…

08 Oct

Does Where You Park Your Car Affect Insurance Risk?

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New Delhi [India], October 7: Where a car is parked can affect the kind of risk it faces even when it is not being driven. A vehicle kept inside a secure residential parking area may face different conditions from one left on a busy roadside or in an open public space. Parking does not decide an insurance outcome by itself. Still, it can influence exposure to theft, accidental damage, weather-related loss and incidents involving other vehicles, property or road users in the surrounding area. Why Parking Location Can Matter A parked car can still be exposed to damage. Another vehicle…

06 Oct

Naresh Shroff Plans UAE Investment Platform Targeting $150 Million Across Healthcare, Education and Emerging Businesses

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Entrepreneur eyes high-growth opportunities across healthcare, education, technology and biotechnology while strengthening social impact through ‘Jao Padho’ initiative Mumbai (Maharashtra) [India], October 6: Investor and entrepreneur Naresh Shroff of Grid Labs Growth Grid is returning to the private investment market with plans to establish a UAE-based investment platform targeting a $150 million investment pool, marking a significant expansion of his investment activities across India and international markets. The proposed platform will focus on identifying and supporting high-growth businesses across healthcare, education, technology, biotechnology and other emerging sectors. Shroff will look at enterprises with strong management teams, sound fundamentals, robust governance,…

06 Oct

How to Calculate Interest Rate on a Loan When Comparing Borrowing Options

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New Delhi [India], October 5: Knowing how to calculate the interest rate on a loan can make it easier to compare borrowing options and get a better sense of how much you are paying for access to the funds. Two loans with similar interest rates may not cost the same overall. Differences in loan amounts, tenures, processing fees, and other applicable charges can change the total amount you eventually pay. Calculating the interest and reviewing the overall borrowing cost can give you a clearer basis for comparing loan offers rather than choosing one based on the advertised rate alone. How…

06 Oct

Family Office or Wealth Management Consultant

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As India’s ultra-wealthy population approaches 20,000, the multi-family office sets out a practical framework based on financial complexity and succession needs. Gurugram (Haryana) [India], October 5: Choosing between a family office and a wealth management consultant is an important financial decision for families with substantial assets. Alpha Capital, a multi-family office providing family office services in India, outlines a practical framework to help high-net-worth and business families identify the advisory model best suited to their wealth, complexity and succession needs. The context is India’s expanding wealth base. According to Knight Frank’s The Wealth Report 2026, the number of individuals with…