Business – Page 27 – THE ECONOMIC INDIA

10 Oct

Pune’s Startup Ecosystem Takes Centre Stage as Gyrodrive Advances to the Startup World Cup Grand Finale in San Francisco

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Pune (Maharashtra) [India], October 10: BE Hub in partnership with Pegasus Tech Ventures / Startup World Cup, successfully hosted the Startup World Cup Pune Regional 2026 at Sheraton Grand Pune, on Sept. 29, bringing together promising startups, investors, venture capitalists, corporate leaders, technology experts, mentors, entrepreneurs, and key stakeholders from Pune’s entrepreneurial ecosystem. The event witnessed participation from 100+ curated attendees, including startup founders, investors, VCs, corporate leaders, mentors, ecosystem builders, and aspiring entrepreneurs. More than 50 startups registered for the competition, with the selection process culminating in the finalists presenting their ventures before an experienced jury. The regional competition culminated…

10 Oct

Mayur Verma Eyes $40 Million Investment in Established Airline

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New Delhi [India], October 10: Actor and entrepreneur Mayur Verma is reportedly preparing to make a significant move into India’s aviation sector, with a proposed investment of around $40 million in an established airline. The carrier’s identity is expected to be revealed soon, although neither the airline nor the details of the proposed arrangement have been officially confirmed. Verma has reportedly been in discussions with the airline for some time. The negotiations are said to involve commercial terms and operational plans, but key questions remain unanswered. It is not yet known whether the investment would be made through an equity…

10 Oct

Thrill Hikers Reviews: How ThrillHikers Travel Is Building Memorable Group Trips Across India and International Destinations

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New Delhi [India], October 10: Travel today is no longer just about visiting a destination. Travellers increasingly look for organised itineraries, reliable transportation, suitable accommodation, clear communication and on-ground support before making a booking. This is also why people frequently search for Thrill Hikers Reviews, ThrillHikers Travel Reviews, Kedarnath Reviews and Thailand Group Trip Reviews before choosing a travel company. ThrillHikers Travel has built its presence around organised group departures, customised holidays, pilgrimage journeys, adventure travel and international trips. From spiritual destinations such as Kedarnath and Badrinath to Himalayan road trips across Leh Ladakh and Spiti Valley, and international holidays…

09 Oct

Cordelia Cruises Crushes the Monsoon: Rs 585 Million Profit Blasts Past Last Year’s Loss

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New Delhi [India], October 9: The July–September quarter is the toughest stretch on any Indian cruise calendar. Monsoon seas shorten sailing schedules and dampen demand. A year ago, this was the quarter in which Cordelia Cruises lost Rs 89.3 million. This year, it earned Rs 585.0 million. Waterways Leisure Tourism Limited, the company behind the brand, reported revenue from operations of Rs 1,329.0 million for the quarter ended 30 September 2026, up about 31% from Rs 1,015.4 million a year earlier. Total income rose 43% to Rs 1,511.6 million. Underneath the headline, the core business has turned the corner. Profit…

09 Oct

Rathi Steel And Power Limited Q2 FY27 Revenue at Over Rs 200 Cr, Growth of Over 30% YoY; Sales Volume Growth at ~28.86% YoY

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New Delhi [India], October 9: Rathi Steel and Power Limited (BSE – 504903), one of the leading players in stainless steel long products and TMT bars, witnessed continued operating momentum during Q2 FY27. The Company is set to register revenue of approx. over ₹200 Cr, compared to ₹156.43 Cr in Q2 FY26, representing growth of over 30% YoY. Total sales volumes stood at 32,028 MT, compared to 24,855 MT in Q2 FY26, reflecting growth of approximately 28.86% YoY. Operational Update Reduction in Cost of Borrowing During the period, the Company successfully negotiated a reduction of approximately 450 basis points in…

09 Oct

PH1 Industries, Specialised Engineering Solutions Provider, Files DRHP with NSE Emerge

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Hyderabad (Telangana) [India], October 9: PH1 Industries Limited (“PH1” or the “Company”), an engineering solutions provider offering Alternative Fuel and Raw Material (AFR) and Bulk Material Handling (BMH) systems, and the leading liquid AFR system manufacturer in India with over 75% market share in this segment (Source: Mordor Intelligence report, as quoted in the DRHP), has submitted its Draft Red Herring Prospectus (DRHP) to the EMERGE Platform of National Stock Exchange of India Limited (NSE Emerge) for a proposed Initial Public Offering of up to 37,40,000 equity shares of face value ₹10 each. The proposed Offer consists of a Fresh…

09 Oct

Investment Management and Financial Services Company Swyom Advisors Limited Files DRHP with BSE SME

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Mumbai (Maharashtra) [India], October 9: Swyom Advisors Limited, a Mumbai-based company primarily engaged in investment management and financial services through its alternative investment fund management business, broking and related services, and business consulting services, has filed its Draft Red Herring Prospectus for its proposed listing on the SME Platform of BSE Limited (BSE SME) in preparation for its Initial Public Offering. The IPO will comprise an offer of up to 50,00,000 equity shares with a face value of ₹ 10 each, comprising a Fresh Offer of up to 40,00,000 equity shares and an Offer for Sale of up to 10,00,000…

09 Oct

Fabience Unveils State-of-the-Art Furniture Mega-Plant in Hyderabad

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Hyderabad (Telangana) [India], October 9: Fabience, the Hyderabad-based premium furniture manufacturing brand, today announced a major strategic expansion with plans to set up a new Greenfield plant near Hyderabad, Telangana. Spanning over 1.5 lakh sq. ft., the state-of-the-art facility involves an investment of approximately Rs. 50 crore and is targeted for completion by next year. The project is expected to generate direct employment opportunities for around 100 people, said Mr. Raj Venu Gopal Takkallapally, Managing Director. The new facility will incorporate advanced Italian and German machinery alongside cutting-edge manufacturing technologies. With a strong focus on automation, precision, quality, and production…

09 Oct

M-SANVI Real Estate Broadens Residential Offering as Delhi-NCR Buyers Seek More Space and Flexibility

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New Delhi [India], October 9: M-SANVI Real Estate Pvt. Ltd., a leading real estate firm based in Delhi-NCR, is strengthening its residential property offerings across different configurations, including 2BHK, 3BHK, 4BHK and 5BHK homes, as homebuyers increasingly look for properties that offer greater space, functionality and flexibility. The preference for larger homes has been gaining traction across Delhi-NCR, with recent industry data showing strong demand for 3BHK homes in the region. At the same time, affordability continues to remain an important consideration, making configuration, location and overall value key factors in the homebuying decision. Against this changing demand, M-SANVI is…

09 Oct

Integrated Knitwear Manufacturer Gleaming Apparels Limited Files DRHP with BSE SME

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Ludhiana (Punjab) [India], October 9: Gleaming Apparels Limited, a Ludhiana-based integrated knitwear manufacturer with operations spanning yarn procurement and trading, fabric manufacturing and trading, and garment manufacturing, has filed its Draft Red Herring Prospectus with the SME Platform of BSE Limited (BSE SME) in preparation for its Initial Public Offering. The IPO will comprise a Fresh Issue of up to 25,00,000 equity shares with a face value of ₹ 10 each, with no Offer for Sale component. The equity shares are proposed to be listed on the SME Platform of BSE Limited (BSE SME). The company proposes to utilise the…