Business – Page 15 – THE ECONOMIC INDIA

23 Oct

Forcas Studio Reports H1 FY27 Performance with Total Income of Rs 1,310.17 Mn & PAT of Rs 99.91 Mn

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Kolkata (West Bengal) [India], October 23: Forcas Studio Limited (NSE: FORCAS), an asset-light, technology-enabled fashion company serving India’s mass-market apparel consumer through its brands FTX and TRIBE, has announced its unaudited financial results for the H1 FY27. Key Financial Highlights: H1 FY27: Total Income of ₹1,310.17 Mn, YoY growth of 56.4% EBITDA of ₹153.06 Mn, YoY growth of 72.6% EBITDA Margin of 11.74%, YoY growth of 115 Bps Net Profit of ₹99.91 Mn, YoY growth of 72.0% Net Profit Margin of 7.63%, YoY growth of 69 Bps Diluted EPS of ₹5.68, YoY growth of 72.1% Operational Highlights: Launch on Flipkart…

23 Oct

Australian clean energy delegation explores commercial partnerships with India at REI Expo 2026

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Australian Clean Energy Delegation at the Australia pavilion in REI Expo 2026 Greater Noida, (Uttar Pradesh) [India], October 23: A 32-member Australian clean energy delegation representing 21 Australian companies, led by the Australian Trade and Investment Commission (Austrade), is participating at the Renewable Energy India Expo 2026, being held from 22–24 October at India Expo Mart, Greater Noida. The Australian Clean Energy Delegation visit program is delivered by Australia’s Smart Energy Council and the Renewable Energy Council Asia Pacific (RECAP). It is also supported by the Australian Government’s Department of Climate Change, Energy, the Environment and Water; the Australian Government’s…

23 Oct

Hettich Strengthens Its Experiential Footprint in North India with the Launch of Its First Exclusive (HeX) Store in Mohali

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Mohali (Punjab) [India], October 23: Hettich proudly announces the grand opening of its first Hettich Exclusive (HeX) store in Mohali, further expanding its experiential footprint in North India. The new store brings the magic of immersive, hands-on interior experiences closer to customers across the Tricity region of Chandigarh, Mohali and Panchkula. Located in Sector 82, the store gives homeowners, architects and interior designers in one of the region’s fastest-growing cities easy access to the complete Hettich experience, right in their neighbourhood. Designed to offer a seamless, solution-oriented journey, the new HeX store showcases curated walk-throughs of modern living spaces featuring…

23 Oct

Pranav Gupta, Ashoka University Co-founder: The Indian Study-Abroad Dream Is Becoming an ROI Decision

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Pranav Gupta examines how rising costs, changing visa rules and new global education options are making Indian families more selective about the real ROI of studying abroad. New Delhi [India], October 23: For decades, studying abroad was sold to Indian families as a near-automatic investment in upward mobility: secure admission in the US, Canada, the UK or Australia, arrange the loan, and trust that an international degree would justify the cost. That assumption is becoming harder to make. For Pranav Gupta, co-founder of Ashoka University, Plaksha University and Jamboree Education, the shift is increasingly about judging the educational experience rather…

23 Oct

Devika Group: A Legacy of Over 70 Years in Real Estate

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Devika Group Projects New Delhi [India], October 23: With a history spanning more than 70 years, Devika Group has built its presence in India’s real estate sector through years of work in commercial and residential property development. From Delhi and Noida to Goa and other locations, the company has grown alongside changing property markets and customer needs. Over the years, Devika Group has successfully delivered 46 projects, developed more than 6.5 million sq. ft. of area and served over 14,000 customers. These milestones reflect the company’s journey and the experience it has gained over the years. Today, under the leadership of Ankit…

23 Oct

STEM-Xpert Is Taking STEM Education Beyond the Classroom

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New Delhi [India], October 23: For years, advanced technology education has carried an uncomfortable price tag. Robotics, artificial intelligence, coding and hands-on innovation programmes have often been treated as premium offerings, available mainly to students and institutions with the budgets to support them. STEM-Xpert is attempting to change that equation by building something considerably broader than another edtech platform. The education technology company is developing an integrated STEM-as-a-Service ecosystem that brings together artificial intelligence, robotics, coding, IoT, practical learning, laboratories, digital education and entrepreneurship. Its proposition is built around a relatively straightforward idea: future-ready skills should become part of mainstream…

23 Oct

AM/NS India’s Hazira Blast Furnace Crosses Historic 30 Million Ton Milestone

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30 million tonnes of hot metal from a single blast furnace – equivalent to weight of 3,000 Eiffel Towers – underscores Hazira’s contribution to India’s steelmaking journey Surat (Gujarat) [India], October 23: ArcelorMittal Nippon Steel India (AM/NS India) has achieved a historic milestone at its Hazira steel plant with Blast Furnace crossing 30 million tonnes of cumulative hot metal production since its commissioning in 2010. The achievement is a matter of pride not only for AM/NS India, but also for Surat and Gujarat, showcasing how a single production unit at Hazira has contributed significantly to India’s industrial and infrastructure growth.…

23 Oct

From a Father’s Concern to a Skincare Vision: The Story Behind CONTEMPRORY

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New Delhi [India], October 23: Inspired by a personal experience and brought to life with Banega Brand, CONTEMPRORY marks its entry into the skincare and lifestyle industry with five skincare essentials, perfume offerings, and ambitions that extend beyond India. Every brand has a beginning. Sometimes, it starts with a business opportunity. Sometimes, with a gap in the market. And sometimes, it begins with a conversation at home that changes the way someone sees an entire industry. For CONTEMPRORY, it was the last. On 16 October 2026, The Tivoli, Chattarpur, New Delhi, became the setting for the launch of CONTEMPRORY, a…

23 Oct

From Ahmedabad to the World: Ashish Patel’s Journey Building a Spices Exporter in India

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Ahmedabad (Gujarat) [India], October 23: Indian spices have been valued around the world for centuries for their flavour, aroma and variety. Turning that heritage into a successful international business takes more than good raw material. It needs manufacturing expertise, consistent quality and a clear understanding of what overseas buyers expect. That is the path Ashish Patel has followed in building AQF Ingredients LLP into a growing spices exporter in India. For Ashish Patel, Director of AQF Ingredients LLP (Anmol Quality Foods), the journey began in 2006 with a passion for Indian spices and small-scale trading. What started as a modest…

23 Oct

Magellanic Cloud’s Wholly Owned Subsidiary Provigil Surveillance Limited Receives Letter of Acceptance Worth Rs 3,16,00,452.60 from DFCCIL, office of CGM, Jaipur, for CCTV Surveillance Solutions

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Order Further Strengthens Magellanic Cloud’s Presence in the Railway, Transportation and Critical Infrastructure Surveillance Segment Hyderabad (Telangana) [India], October 23: Magellanic Cloud Limited (NSE: MCLOUD | BSE: 538891) announced that its wholly owned subsidiary, Provigil Surveillance Limited, has received a Letter of Acceptance (LOA) from Dedicated Freight Corridor Corporation of India Limited (DFCCIL), office of CGM, Jaipur, valued at ₹3,16,00,452.60 including all Duties and Taxes for the provision of CCTV surveillance solutions across the specified section of the Western Dedicated Freight Corridor (WDFC) for five years on an OPEX model. The scope of work includes the supply, installation, testing and…