Business – Page 14 – THE ECONOMIC INDIA

24 Oct

Mark the Fences. Then Step Out of the Room.

BusinessBusiness

The Leadership Philosophy Behind Vanchinathan T’s Talent Engine New Delhi [India], October 23: From a 15-engineer garage to a growing technology ecosystem, his approach has remained simple: establish strict boundaries, hand over real responsibility, and build an environment where people learn to make sound decisions without a boss in the room. When an unexpected error occurs in complex hardware, the instinct is always to fix it. A boss can step in, take over the workbench, correct the parameter, and preserve the immediate schedule. The component is saved, but the young engineer remains dependent. The easiest person to make dependent is…

24 Oct

Varvee Global reports Rs 6.78 crore profit in Q2, swings back to profitability

BusinessBusiness

Ahmedabad (Gujarat) [India], October 24: Varvee Global Limited, a vertically integrated textile manufacturing company formerly known as Aarvee Denims and Exports Limited, reported a net profit of Rs 6.78 crore for the quarter ended September 30, 2026, marking a sharp turnaround from the net loss of Rs 6.56 crore in the preceding quarter. The results were approved by the company’s Board of Directors at a meeting held today. The company’s return to profitability was accompanied by a more than threefold sequential increase in total income to Rs 27.68 crore in the September 2026 quarter from Rs 8.88 crore in the…

24 Oct

A Hidden Gem of Udaipur: Where Modern Luxury Meets the Aravallis

BusinessBusiness

New Delhi [India], October 23: A getaway is about more than choosing a destination. It is about finding a place where you can slow down, spend time with your favourite people and take a break from everyday life. In Udaipur, a city known for its royal palaces, lakeside stays and heritage hospitality, The Qualia Resort Club & Brewery offers a contemporary alternative, nestled in the foothills of the Aravallis. Established in September 2024 by Neeraj Chauhan, The Qualia brings a modern perspective to the city’s hospitality landscape. With contemporary architecture, thoughtfully designed spaces and a range of leisure experiences, the…

24 Oct

Millworks Technologies Secures HAL Orders and Signs MoU with TridenTech for UAV Engines

BusinessBusiness

Bengaluru (Karnataka) [India], October 24: Millworks Technologies Limited | BSE: 544826, a precision engineering manufacturer providing machined components, sheet metal parts, and integrated assemblies for mission-critical applications across railways, aerospace, defence, and semiconductor sectors, has announced two key developments: the receipt of Purchase Orders from Hindustan Aeronautics Limited (HAL) for HAWK and MiG-29 aircraft assemblies, and the signing of a Memorandum of Understanding (MoU) with TridenTech Engineering Private Limited (TridenTech) for UAV propulsion engines. Purchase Orders from HAL The Company has received two developmental purchase orders from HAL. The first, from the Overhaul Division, is for the manufacture and supply…

24 Oct

Deepak Reddy appointed as CEO Designate of Bajaj General Insurance

BusinessBusiness

Mumbai (Maharashtra) [India], October 23: The Board of Directors of Bajaj General Insurance Limited (formerly known as Bajaj Allianz General Insurance Company Limited), a material unlisted subsidiary of Bajaj Finserv Limited, approved the appointment of Deepak Reddy as CEO Designate of the company, effective January 1, 2027. He will take charge as MD & CEO on 1st April 2027, subject to approval of IRDAI. Dr. Tapan Singhel will continue as MD & CEO until March 31, 2027, ensuring a seamless transition. Subject to approval from the Insurance Regulatory and Development Authority of India (IRDAI), Deepak Reddy will take charge as…

24 Oct

VMS Events goes Global, unveils new brand identity

BusinessBusiness

From Experiences to Integrated Brand Growth: VMS events, part of VMS Group strengthens its domestic operations, launches a new identity and brings events, activations, technology-led experiences, merchandising and full-funnel marketing under one integrated platform. New Delhi [India], October 24: VMS Events, part of VMS group, unveils new brand identity, and kicks off major growth initiatives as it expands its capabilities. With the domestic presence now present across 6 cities in India, VMS establishes its first international office in London This transformation reflects VMS Group’s ambition to build a globally connected, integrated marketing organisation capable of supporting brands across markets and…

24 Oct

Supreme Power Equipment Delivers Power-Packed H1 FY27: Total Income Surges 79.91% YoY to Rs 135.57 Cr; Net Profit Jumps 45.09% to Rs 13.65 Cr

BusinessBusiness

Chennai (Tamil Nadu) [India], October 24: Supreme Power Equipment Limited (NSE – SUPREMEPWR), one of the leading players in the power and distribution transformer manufacturing industry, announced its Unaudited Financial Results for H1 FY27. Key Consolidated Financial Highlights Total Income: ₹135.57 Cr, up 79.91% YoY EBITDA: ₹23.62 Cr, up 65.46% YoY PAT: ₹13.65 Cr, up 45.09% YoY EPS: ₹5.46, up 45.21% YoY Current order book stands at over ₹565.80Cr as on 21st October, 2026, providing strong execution visibility and supporting future revenue growth momentum. Commenting on the performance, Mr. Vee Rajmohan, Chairman and Managing Director of Supreme Power Equipment Limited…

23 Oct

Patel Retail Limited Enters Nashik District with New Store at Ghoti; Expands Presence to Four Districts

BusinessBusiness

Mumbai (Maharashtra) [India], October 23: Patel Retail Limited (BSE: 544487 | NSE: PATELRMART), a diversified retail and food processing company, has finalised two locations for its upcoming stores at Ghoti in Nashik district and Mangaon/Mahad in Raigad district, as part of its ongoing retail expansion plans. The proposed store at Ghoti will mark Patel Retail’s entry into Nashik district, a new geography for the Company. With this, its retail presence will extend across four districts: Thane, Raigad, Palghar and Nashik. The Company currently operates a network of 54 stores. The location at Mangaon/Mahad will further strengthen the Company’s presence in…

23 Oct

INA Solar Partners with US-Based Caelux in 3 GW Agreement; Targets 29% Module Efficiency by 2028

BusinessBusiness

Five-year strategic partnership to integrate Energy Producing Glass technology with INA Solar’s N-Type TOPCon manufacturing platform. New Delhi [India], October 23: Insolation Energy Limited (INA Solar), through its subsidiary Insolation Green Energy Private Limited, has entered into a five-year strategic partnership with US-based Caelux Corporation for the commercialisation of 3 GW of advanced solar modules integrating Caelux’s proprietary Energy Producing Glass technology with INA Solar’s N-Type TOPCon platform. The collaboration aims to develop high-efficiency Hybrid-Tandem solar modules, with commercial production targeting module efficiency of up to 29% by 2028. The technology combines TOPCon solar cells with a Perovskite-based power-generating glass…

23 Oct

Malaysia Hosted Influential Leaders of Asia as Team Marksmen Celebrated Leadership That Shaped the Future

BusinessBusiness

New Delhi [India], October 23: Team Marksmen Network hosted Influential Leaders of Asia 2026 on 9 October 2026 at Sofitel Kuala Lumpur Damansara, Malaysia, marking a significant milestone in the platform’s expansion beyond India and its recognition of visionary leaders shaping businesses, industries, and the region’s evolving landscape. Themed “Leading with Resilience, Rising with Purpose,” this initiative brought together prominent business leaders, industry pioneers and policymakers to recognise leadership excellence, organisational transformation and contributions to Asia’s evolving economic landscape. The event unfolded with a welcome address by Sharad Gupta, Co-Founder & MD, Team Marksmen Network. He highlighted Asia’s worldwide impact…