Business – Page 32 – THE ECONOMIC INDIA

30 Jun

UPI Goes Live in Greece as India’s Digital Payments Grow

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New Delhi [India], June 30: India’s Unified Payments Interface (UPI) has reached its tenth international market with its presence in Greece. The latest launch follows UPI’s continued growth in India, where it has now captured over three-fourths of all digital merchant payments by value in May, according to Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI) data. Commerce and Industry Minister Piyush Goyal announced the launch during his official visit to Athens, where he witnessed a live demonstration of UPI transactions at the headquarters of Eurobank. The rollout has been made possible through a collaboration between…

30 Jun

7 Months, 70 Franchises: How Kesaria Textile Company Is Transforming India’s Apparel Retail Landscape

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Ritesh Modi-led Kesaria Bazaar scales to 70 franchises in seven months through a factory-direct, zero-royalty retail model. Surat (Gujarat) [India], June 30: In a remarkable demonstration of rapid business expansion, Kesaria Textile Company has established 70 franchise outlets in just seven months through its retail venture, Kesaria Bazaar. The achievement underscores the company’s vision to modernize India’s traditional apparel retail ecosystem through technology, operational efficiency, and a factory-direct business model. Founded by textile entrepreneur Ritesh Modi, the Surat-headquartered company operates from a centralized infrastructure spanning over 1 lakh square feet and has emerged as one of the fastest-growing organized players…

30 Jun

Vinit Mobile Limited SME IPO Open for Subscription, Looks to Raise Rs. 34.13 Crores

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Surat (Gujarat) [India], June 30: Vinit Mobile Limited, a growing multi-brand mobile retail company, has announced the launch of its SME IPO, currently open for subscription. Vinit Mobile IPO is a book build issue of ₹34.13 crores. The issue is entirely a fresh issue of 21,60,000 shares aggregating to ₹34.13 crore. The company has set an issue price band at ₹150 to ₹158 per share. The company will look to list on NSE SME. The issue will close on Jul 2, 2026. Comfort Securities Ltd. is the book-running lead manager, and Bigshare Services Pvt. Ltd. is the registrar of the issue. Vinit Mobile…

30 Jun

Tier-II & Tier-III Healthcare: India’s Next Growth Story

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New Delhi [India], June 30: Healthcare Sector of India is entering a new phase of evolution, with Tier -2 and Tier 3 cities emerging as the next major healthcare growth hubs of country. While all metropolitian cities continue to accounts for a good share of advanced medical infrastructure, expanding insurance related coverage, and rapid kind of urbanisation are driving demand for quality healthcare beyond the country’s largest urban centres. According to industry estimates, nearly 65% of India’s population resides in Tier-II and Tier-III cities and rural regions, yet access to tertiary and quaternary healthcare remains disproportionately concentrated in metropolitan areas.…

30 Jun

Adani Ports Sells 49% Stake in Vizhinjam Port to MSC

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New Delhi [India], June 30: Transshipment ports are playing an ever more significant role in international trade as shipping routes continue to change. Countries are spending a lot of money on infrastructure that will be able to accommodate more cargo, lower logistics costs, and better compete in global supply chains. In the same vein, India is also making efforts to construct world-class ports and make itself a competitive port destination. APSEZ has entered into an agreement with a subsidiary of the terminal operating arm of Mediterranean Shipping Company (MSC) Group, Terminal Investment Limited (TiL) for the sale of a 49%…

29 Jun

Wealth Management in a Changing Tax Environment: What Investors Should Consider in 2026

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New Delhi [India], June 29: Let’s be honest about something most people don’t want to say out loud. A lot of investors in India right now are paying more tax than they need to. Not because they were reckless. Not because they ignored their money. But because the rules changed around them while they were busy living their lives, and nobody sat them down and said anything about it. Working with the best wealth management companies in India is no longer something only ultra-rich families think about. It’s becoming a practical necessity for anyone who has built real assets and…

29 Jun

Yash Raj Films Invests in Rusk Media to Shape the Future of India’s Vertical Entertainment Economy

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Akshaye Widhani, CEO Yash Raj Films & Mayank Yadav, Co-Founder & CEO Rusk Media (L-R) Mumbai (Maharashtra) [India], June 29: Yash Raj Films (YRF) today announced a strategic investment in Rusk Media, one of India’s leading digital-first entertainment companies that specialises in original vertical storytelling IPs for Gen Z and Gen Alpha audiences. The investment backs Rusk Media’s vision to build the next generation of enduring digital IP for India and the world Under the partnership, YRF will oversee the creative direction of original animation and vertical micro-drama IP, while Rusk Media will produce and distribute the content through its proprietary Alright!…

29 Jun

Samsonite Sets a New Standard for Smart Travel with Waypoint™: From luggage maker to travel certainty brand.

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The world’s leading travel brand launches its next generation of smart connected luggage engineered in a way that travellers are always in control of what matters most. Mumbai (Maharashtra) [India], June 29: Lost luggage is one of travel’s most persistent anxieties. Samsonite, the world’s leading travel brand, is solving it, permanently. Today, Samsonite announces Waypoint, its built-in luggage tracking system that transforms the Samsonite Zipprix FT from a bag into an intelligent travel companion. Waypoint is not an add-on. It is engineered into the luggage itself, a discreet, integrated tracker embedded within a premium leather personalisation tag. No separate tag. No fumbling with accessories. Just quiet, continuous confidence that…

29 Jun

UnClaimedX Unveils Pass Down to Tackle India’s Silent Inheritance Crisis

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Bengaluru (Karnataka) [India], June 29:More than ₹1.84 lakh crore worth of financial assets remained unclaimed across India in 2025. Dormant bank accounts, forgotten insurance policies, unclaimed provident funds and overlooked investments represent far more than numbers on a balance sheet. Behind many of these assets are families who either never knew they existed or lacked the information required to claim them. Recognising the growing scale of the issue, the Government of India launched the Aapki Punji Aapka Adhikar campaign in October 2025, encouraging citizens to reclaim financial assets that rightfully belong to them. For Bengaluru-based startup UnClaimedX, however, the problem…

29 Jun

ABS Marine Services Receives CRISIL Credit Rating Upgrade; Long-Term Rating Upgraded to A-/Stable and Short-Term Rating to A2+

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Mumbai (Maharashtra) [India], June 29: ABS Marine Services Limited (NSE: ABSMARINE), one of the leading maritime companies offering comprehensive services in Vessel Ownership, Ship Management, Marine and Port Services, has announced that CRISIL Ratings upgraded the Company’s bank facility ratings, reflecting its strong operating performance, healthy financial profile, and sustained business growth. Revised Credit Ratings Long-Term Bank Facilities – CRISIL A-/Stable (Upgraded from CRISIL BBB+/Stable) Short-Term Bank Facilities – CRISIL A2+ (Upgraded from CRISIL A2) The upgrade reflects the Company’s strong and sustained improvement in operating and financial performance, supported by robust revenue growth, improving profitability, healthy cash flows from long-term charter…