Business – Page 124 – THE ECONOMIC INDIA

15 Sep

Patel Retail Ltd Secures Rs 22 Crore Export Order; Cumulative export order Book Reaches Rs 50 Crore

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Mumbai (Maharashtra) [India], September 15: Patel Retail Limited has secured an export order worth ₹22 crore. With this achievement, the company’s cumulative export order book has now reached ₹50 crore, reinforcing its strong presence in global markets. The orders span across regions, including Europe ,the UK, Canada, Australia, New Zealand, and Singapore, underscoring the company’s expanding international presence and the growing global demand for its high-quality products. These consignments will be processed at Patel Retail’s state-of-the-art facilities in Ambernath, Thane, Mumbai, Maharashtra and Gujarat, ensuring strict adherence to global quality standards. The order book is not only significant in value…

15 Sep

Skybridge Ventures LLP Acquires 24.5% Stake in India Home Loan Limited

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New Delhi [India], September 15: Skybridge Ventures LLP, a Mumbai-based investment firm, announced the acquisition of 34,99,030 equity shares of India Home Loan Limited (BSE: 530979) through an off-market transaction. The acquisition represents 24.50% of the company’s total shareholding, marking a significant strategic investment in India’s growing housing finance sector. Highlights: Skybridge Ventures LLP acquired 34,99,030 (24.50% stake) equity shares of India Home Loan Limited on September 2 Transaction executed through an off-market transfer This move strengthens Skybridge Ventures’ presence in the financial services sector Total diluted share/voting capital of the India Home Loan Limited remains unchanged at 1,42,81,755 equity…

15 Sep

Ashvya Services Private Limited: Driving Startup Success with Innovation and Integrity

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New Delhi [India], September 15: “Our support is key to your success.” Ashvya Services Private Limited believe in this moto which enhances their vision and clarity. With this mindset, they have become one of the most trusted consultancy which is dedicated to support and empower emerging startups all over the India. What makes Ashvya different from other consultancy is that they offer proper guidance in each path, this not boosts the new businesses but give them proper place in the current competitive market. About Ashvya Ashvya is more than just a consultancy as it acts as a guiding partner for…

13 Sep

Urban Company IPO Frenzy 2025: All You Need to Know

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Mumbai (Maharashtra) [India], September 13: The Urban Company IPO didn’t just open strong; it detonated. Subscribed 103.6 times, it’s officially the hottest issue of 2025 in India. Investors hurled ₹1.13 lakh crore at a ₹1,900 crore offer. That’s not interesting. That’s mania. The IPO Stampede 2025 You know a market’s frothy when demand makes no sense on paper. Urban Company’s IPO was that moment. Against 10.6 crore shares on offer, bids landed for 1,106.5 crore shares. QIBs (Qualified Institutional Buyers): oversubscribed 140.2x. Foreign investors alone applied for 264.9 crore shares, while domestic funds and insurers bid for 319.7 crore. Mutual…

13 Sep

IndieVisual Crosses 1,000 Videos for 150 Clients: Redefining Video Production Infrastructure for India’s Enterprises

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Gurgaon (Haryana) [India], September 12: IndieVisual, India’s premier tech-first video production company, has delivered over 1,000 videos for 150 clients, establishing itself as a core partner for enterprises navigating the rising demand for always-on, multi-format content. As brands invest heavily in digital channels, the traditional model of ad-hoc video shoots and scattered vendor networks is proving unsustainable. IndieVisual is introducing a new operating model: a systematised, tech-first video production service that blends a distributed creator network with a proprietary technology platform to deliver video at speed and scale. At the center of this approach is Xped.Studio, IndieVisual’s in-house production OS.…

12 Sep

Modern Diagnostic & Research Centre Limited Received In-Principle Approval From BSE

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Mumbai (Maharashtra) [India], September 12: Modern Diagnostic & Research Centre Limited (Modern Diagnostic, The Company), a service provider in diagnostic and related healthcare test services in India, has received approval for its Draft Red Herring Prospectus, marking a significant step toward its Initial Public Offering. The company plans to issue 41,00,000 fresh equity shares with a face value of ₹ 10 each. As the company moves forward with its IPO plans, the capital raised will be utilised for funding capital expenditure for the purchase of medical equipment for the diagnostic centre and laboratories, Working Capital requirements, Repayment of certain outstanding…

12 Sep

Power & Instrumentation (Gujarat) Limited Increases Stake in Peaton Electrical Company Limited to 51.06%

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Ahmedabad (Gujarat) [India], September 12: Power & Instrumentation (Gujarat) Limited (PIGL) (NSE: PIGL, BSE: 543912), one of the leading players in the electrical contracting and equipment sector, has agreed to acquire an additional 35.82% stake in Peaton Electrical Company Limited (PECL). This strategic acquisition will bring PIGL’s total shareholding to 51.06%, making PECL a subsidiary. Prior to this transaction, PIGL already held a 15.23% stake in PECL. About Peaton Electrical Company Limited PECL specialises in manufacturing electrical materials such as unitised substations, M.V. panels, L.V. panels, bus trunking systems and compact substations The company’s product portfolio also includes auto-synchronising panels,…

12 Sep

Repono Expands Chemical Sector Presence with Multi-Year Contract from Deepak Phenolics Limited

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Mumbai (Maharashtra) [India], September 12: Repono Limited (BSE: 544463), a 360-degree warehousing and liquid terminal solutions provider to India’s oil and petrochemical sector, has announced the signing of a three-year manpower services agreement with Deepak Phenolics Limited (DPL). Manpower Services at Dahej Facility Under the agreement, Repono will provide skilled, semi-skilled, and unskilled manpower support for tank farm operations at DPL’s Dahej facility, one of the largest integrated chemical complexes. The contract is valued at ₹3 Cr for FY 2025-26, with an annual 7% price escalation built into subsequent years, taking the total value of the engagement over three years…

12 Sep

Oben Electric Announces ‘Mega Festive Utsav’ with Benefits Worth Rs 35,000 and Assured Rewards on Rorr EZ Sigma and Rorr EZ

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Bengaluru (Karnataka) [India], September 12: Oben Electric, India’s leading homegrown and R&D-driven electric motorcycle manufacturer, today announced the launch of ‘Mega Festive Utsav’, a nationwide festive program rolled out across its flagship electric motorcycles, the Rorr EZ Sigma and Rorr EZ. Marking the festive season with unmatched value, the initiative extends exclusive customer benefits worth up to ₹35,000, reinforcing the company’s commitment to making its premium electric motorcycles more accessible and aspirational for urban riders. As part of the festive program, customers purchasing the Rorr EZ Sigma or Rorr EZ will receive a price benefit of ₹20,000 already included in…

11 Sep

Shaping the Future: Indian Business Excellence Awards 2025 & Global Titan – Company of the Year

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New Delhi [India], September 10: Corporate Connect Magazine is excited to announce the “Indian Business Excellence Awards 2025” & “Global Titan – Company of the Year 2025” to recognise and celebrate the business leaders and entrepreneurs who have made a significant contribution to the Indian economy. The esteemed honour is a testament to the dedication, innovation and remarkable impact created by the visionary leaders from diverse industries, including technology, healthcare, finance and more. The Indian Business Excellence recognition and Global Titan aim to reward excellence and present inspiration for the aspiring leaders to follow. Let’s celebrate together the best of India’s business and recognise…