Business – Page 134 – THE ECONOMIC INDIA

07 Aug

Manzil Majlis Brings UAE Investment Spotlight to Mumbai, Hosts Over 250 UHNI Stakeholders

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Mumbai (Maharashtra) [India], August 7: Manzil Asset Management , which manages over $500 million in global real estate assets, successfully hosted the inaugural edition of Manzil Majlis—a private UAE-focused investment summit—on August 2, 2025, at The Bay Club, BKC, Mumbai. Unlike traditional real estate expos, Manzil Majlis is positioned as a closed-door, education-first initiative, bringing together a carefully curated audience of over 250 attendees. The summit featured a unique mix of Indian UHNIs, HNIs, family offices, venture capitalists, private equity partners, wealth advisors, and entrepreneurs, offering a strategic platform to decode the evolving dynamics of investing in Dubai’s real estate and business ecosystem. Departing from…

07 Aug

Veefin Announces Proposed Strategic Consolidation of Estorifi and GlobeTF with Parent Company to Unlock Operating Synergies and Drive Global Growth

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Mumbai (Maharashtra) [India], August 7: Veefin Solutions Limited (BSE: VEEFIN | 543931), a leading global provider of working capital technology solutions, today announced that its Board has granted in-principle approval for the consolidation of its subsidiaries, Estorifi Solutions Limited (“Estorifi”) and GlobeTF Solutions Limited (“GlobeTF”), with the parent company by way of merger or such other means. This marks a significant milestone in Veefin’s mission to create the world’s most comprehensive and scalable working capital technology platform. The move will bring all core product verticals—embedded finance, trade finance, digital lending, and cash management—under one integrated umbrella. Creating Synergies Across a Unified Platform Over the last year, Veefin has built a…

06 Aug

Steel Exchange India Limited Announces Strategic Collaboration to Strengthen Multimodal Logistics Capabilities in Vizag

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Visakhapatnam (Andhra Pradesh) [India], August 6: Steel Exchange India Limited (NSE: INE503B01021, BSE: 534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand ‘SIMHADRI TMT’, has announced a strategic non-binding collaboration with Vizag Profiles Logistics Pvt. Ltd. (VPL) and Hind Terminals Pvt. Ltd. (HTPL) to explore the development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam. This collaboration marks a significant step toward unlocking cargo movement potential across both inland and coastal routes. The parties intend to jointly evaluate and pursue opportunities related…

06 Aug

Water and Shark Unveils Strategic Retention Bonus Option Plan (RBOP): Empowering Talent, Fueling Global Growth

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Dubai [UAE], August 6: Water & Shark, a global leader in legal and accounting advisory, has launched its pioneering Retention Bonus Option Plan (RBOP)—a game-changing initiative designed to reward loyalty, retain top talent, and cultivate the next generation of global leaders. The RBOP reflects the firm’s unwavering belief that people are not just resources—they are co-creators of the firm’s journey. This visionary plan rewards professionals who have completed at least two years with Water & Shark and are committed to building the firm over the next four years. Eligible team members will receive structured bonus payouts ranging from 4x to 10x of their monthly…

06 Aug

Surat Welcomes IMAX with Open Arms – A Cinematic Revolution by Rajhans Cinemas

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Surat (Gujarat) [India], August 6: A few years ago, catching an IMAX film meant a long drive to Ahmedabad or a flight to Mumbai. It wasn’t a casual evening plan – it was a commitment. That’s what made last weekend feel different in Surat. For the first time, folks walked into a theatre right here in the city, grabbed their popcorn, and settled into an IMAX auditorium. No travel. No compromise. The credit goes to Rajhans Cinemas, who recently launched the city’s first IMAX screen at their Precia multiplex. It’s part of their 14-screen setup – one of the largest…

06 Aug

Focus Lighting & Fixtures Delivers INR 42 Cr Consolidated Total Income in Q1 FY26

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Mumbai (Maharashtra) [India], August 6: Focus Lighting & Fixtures Limited.(NSE – FOCUS), engaged in manufacturing & innovative lighting solutions of LED lights and fixtures, announced its Unaudited Financial Results for Q1 FY26. Q1 FY26 Key Financial Highlights Consolidated Standalone Particulars (₹ Cr) Q1 FY26 Q1 FY25 Q1 FY26 Q1 FY25 Total Income 42.11 55.28 41.03 31.28 EBITDA 4.95 12.05 4.29 4.77 EBITDA Margin (%) 11.76 21.80 10.46 15.25 Net Profit 2.16 9.07 1.55 2.45 Net Profit Margin (%) 5.12 16.41 3.78 7.82 Diluted EPS (₹) 0.33 1.36 0.23 0.36 Q1 FY26 Consolidated – Other Key Highlights Segment-wise Revenue Breakdown: Retail…

05 Aug

How Best of Exports Became the No.1 Restaurant Furniture Manufacturer in India

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New Delhi [India], August 5: Walk into any great restaurant, and you’ll notice everything feels intentional—lights, colors, music. But one thing often gets overlooked: the chair. We’ve heard it before. “We invested in décor and menu, but the chairs didn’t last.” Or, “Guests loved the vibe but didn’t stay long.” That’s where Best of Exports comes in. We didn’t aim to dominate—we just wanted to make honest, durable furniture. Chairs people enjoy, from starters to dessert. From small Jodhpur orders to trusted partnerships across India—we’ve grown by listening, delivering, and never compromising on comfort. 1. Starting from a 150 sq.…

05 Aug

String Metaverse Ltd Reports 298% Revenue & 240% Profit Growth in Q1 FY26

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Hyderabad (Telangana) [India], August 4: String Metaverse Ltd (BSE: META | 534535), India’s first listed Web3 infrastructure company, has reported explosive financial growth for the first quarter of FY26, with revenue increasing 298% and net profit expanding 240% year-over-year. The results signal strong operating momentum as the company scales its core verticals: blockchain validation, decentralized fintech, and Web3 gaming infrastructure. Q1 FY26 Financial Performance Snapshot Revenue: ₹199.14 Crore Net Profit (PAT): ₹18.29 Crore PAT Margin: 9.19% Operating EBITDA: ₹21.83 Crore YoY Growth (vs Q1 FY25): Revenue: ▲ +298% Net Profit: ▲ +240% “These results underscore the scalability of our business model,” said the company. “As…

04 Aug

Wah! Puchka Wah! Litti Raises USD 230k from Wow Momo Founder Sagar Daryani, and other Global Angel Investors

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Kolkata (West Bengal) [India], August 4: Homegrown QSR startup Wah! Puchka Wah! Litti has raised 230k$ in a strategic funding round by Sagar Daryani (Co-founder, Wow! Momo), Abhishek Rungta (Founder & CEO, Indus Net Techonology), Suyash Saraf (Co-founder & CEO, Dot & Key), and other global angel investors. Founded by Deepak Kumar (Age: 26 Years), the brand is on a mission to transform India’s iconic street snacks into a modern, hygienic, and scalable QSR experience – all while preserving the authentic taste that defines Indian street food. This young founder is steering toward becoming India’s most trusted street food brand.…

01 Aug

Dr. Khushboo Jha Unveils ARTIQA at a Grand Afternoon Launch in Faridabad

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Faridabad (Haryana) [India], August 1: In a remarkable step forward for the future of body contouring in India, Dr. Khushboo Jha, founder of One Skin Clinic by K, hosted the official launch of ARTIQA – a revolutionary body sculpting technology based on Thermal Shock – at the prestigious Taj, Surajkund. The elegant afternoon affair welcomed 90 to 100 distinguished guests, including politicians, industrialists, builders, medical professionals, and wellness enthusiasts from across Delhi NCR. The event was a celebration of innovation, science, and aesthetics, offering attendees a first-hand look at the next generation of non-invasive body contouring. The grand unveiling of ARTIQA was performed by Mr. Dhanesh Adlakha, MLA of Badkhal Assembly, who appreciated…