Business – Page 33 – THE ECONOMIC INDIA

29 Jun

IFCCI Luxury Committee and Comité Colbert to Sign Landmark MoU Advancing Indo-French Collaboration in Luxury, Craft and Culture

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IFCCI Luxury Committee and Comité Colbert to sign landmark MoU advancing Indo-French collaboration in luxury, craft and culture New Delhi [India], June 29: The Indo-French Chamber of Commerce and Industry (IFCCI) today announced that the IFCCI Luxury Committee and Comité Colbert will sign a Memorandum of Understanding (MoU) to deepen Indo-French collaboration across luxury, craftsmanship, culture and the creative industries. The MoU will be formalised in Paris on 1st July 2026 on the sidelines of India’s New Script on Luxury, Craft and Culture – a dedicated programme bringing together leaders from luxury maisons, cultural institutions, fashion, design, policymaking, investment and the artisan ecosystem…

29 Jun

Minor Food Strengthens Its Presence in India with Scoop Wonder’s First Store in New Delhi

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Introducing Delhi to a fun, flavour-packed dessert experience inspired by Thailand New Delhi [India], June 29: Minor Food India, one of Asia’s leading food service operators, has strengthened its presence in the National Capital Region with the opening of Scoop Wonder’s first store in Delhi at Unity One Elegante Mall, Netaji Subhash Place (NSP). The launch marks another milestone in the company’s growth strategy in India, bringing Scoop Wonder’s signature ice cream creations and dessert experiences closer to consumers in the capital. Following the enthusiastic response to its Gurugram outlet, Scoop Wonder continues its mission of making premium-quality dessert experiences accessible to a wider audience.…

29 Jun

“Is This Really Made in India?” – The Rajkot Manufacturer Rewriting the Answer

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Maulik Shah took his forging company, Aditya Engimach, to one of the world’s most exclusive forging exhibitions in Stuttgart. New Delhi [India], June 29: On the floor of CastForge in Stuttgart, the trade fair for castings, forgings, and machining that draws serious industrial buyers from across the globe, one question kept finding Maulik Shah. It was not about the price. It was about if the product is really made in India. Shah, the founder and managing director of Aditya Engimach, a precision forging company headquartered in Rajkot, says he heard it more than 10 times across three days. And each…

29 Jun

Seemax Resources Limited’s IPO Opens on June 30, 2026, to July 2, 2026; Price Band Fixed at Rs. 134 – Rs. 141 Per Equity Share

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The Issue comprises a fresh issue of 14,00,000 equity shares aggregating up to Rs. 19.74 crore Vadodara (Gujarat) [India], June 29: Seemax Resources Limited (“Company”), a Gujarat-based company engaged in providing material handling equipment (MHE) rental solutions and trading of material handling equipment, announced the opening of its Initial Public Offering (IPO). The Issue will open for subscription on Tuesday, June 30, 2026, and will close on Thursday, July 2, 2026. The Company is proposed to be listed on the BSE SME platform with a tentative listing date of July 7, 2026. The Price Band has been fixed at Rs.…

29 Jun

VMS TMT Limited Announces Board Approval for Amalgamation with Aditya Ultra Steel Limited

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Ahmedabad (Gujarat) [India], June 29: VMS TMT Limited one of Gujarat’s leading manufacturers of Thermo-Mechanically Treated (TMT) steel bars, today announced that its Board of Directors has approved the Scheme of Amalgamation for the merger of Aditya Ultra Steel Limited (“AUSL”) into VMS TMT Limited, subject to the receipt of necessary statutory and regulatory approvals. The proposed amalgamation represents a transformational milestone in VMS TMT’s growth journey and is aimed at creating a larger, stronger, and more integrated steel manufacturing enterprise with enhanced manufacturing capabilities, broader market reach, improved operational efficiencies, and greater financial strength. Strategic Rationale VMS TMT and…

27 Jun

Sri Priyanka Geo Commex Limited IPO Currently Open – A Globally Diversified Commodity-Focused Business with Operations Across India, Morocco & Singapore.

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Mumbai (Maharashtra) [India], June 27: Sri Priyanka Geo Commex Limited, a globally diversified, commodity-focused group engaged in the supply of critical minerals and the manufacturing of rice bran oil, with active operations spanning India, Morocco, and Singapore, has announced its plan to go public with an IPO on June 24, 2026, aiming to raise ₹ 94.51 Crore. Total Issue size: Up to 44,58,000 Equity Shares of ₹10 each Issue Size: ₹94.51 Crore (At Upper Price Band) Price Band:₹ 207 – ₹ 212 Per Equity Share Lot Size:600 Equity Shares, Minimum 2 lots Share Allocation & Issue Details QIB PortionNot more than 41,400 Equity Shares Non-Institutional InvestorsNot less than 12,58,200 Equity Shares Individual InvestorsNot…

27 Jun

Aastha Spintex Limited IPO Opens on June 29, 2026

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Mumbai (Maharashtra) [India], June 27: Aastha Spintex Limited, engaged in the business of manufacturing and trading of carded, combed and compact combed cotton yarns and cotton bales. Company proposes to open its Initial Public Offering on Monday, June 29, 2026 aiming to raise ₹ 170 Crore (At Upper Price Band), with shares to be listed on the NSE & BSE platform. The Issue size is ₹ 170 Crore with a price band of ₹ 125 – ₹ 136 Per Share. Equity Share Allocation Net QIB – Not More Than 20% Of the Issue NII– Not less than 40% Of the Issue Individual Investors – Not less than 40% Of the Issue…

27 Jun

KAI India Supports Environmental Conservation Initiative in Ladakh Through Forest Art Festival

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New Delhi [India], June 26: Reinforcing its commitment to environmental sustainability and responsible corporate citizenship, KAI India, in association with its parent company KAI Corporation, Japan, supported the Forest Art Festival (FAF), a unique initiative in Ladakh that combines afforestation, community participation, and art to create long-term environmental and social impact. The Himalayan region is among the areas most visibly affected by climate change, witnessing changes in glacial patterns, water availability, and local ecosystems. Recognising the need for collective action towards environmental conservation, KAI India partnered with the Forest Art Festival, an initiative that encourages ecological restoration while engaging local communities through creative and…

27 Jun

Hafele introduces the Infinity Digital Lock: Advanced Security Meets Intelligent Access Control

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Infinity Digital Lock New Delhi [India], June 27: Hafele, the German brand renowned for its architectural hardware and interior solutions, introduces the Infinity Digital Lock, a premium addition to its Evolve Range of Digital Door Locks. Combining modern aesthetics with advanced security technologies, the Infinity Digital Lock is designed to provide homeowners with a seamless and reliable solution for safeguarding their homes while complementing contemporary interiors. Engineered for convenience and flexibility, the Infinity Digital Lock offers multiple access modes including Palm Vein Scanner, Face Recognition, Capacitive Fingerprint, Password Access, RFID, Built-in Wi-Fi Key, Mechanical Key Access, and compatibility with wired Video Door…

26 Jun

ABS Marine Services Secures Rs. 126.12 Cr Long-Term Charter Contract for Offshore Support Vessel MV ARTEMIS

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Mumbai (Maharashtra) [India], June 26: ABS Marine Services Limited (NSE: ABSMARINE), one of the leading maritime companies offering comprehensive services in Ship Management, Vessel Ownership, Marine and Port Services has signed a Charter Party Agreement with Hardy Exploration & Production (India) Inc., acting on behalf of itself and its joint venture partners, Oil and Natural Gas Corporation Limited (ONGC) and Invenire Petrodyne Limited, for the deployment of its Anchor Handling Tug Supply (AHTS) Vessel, MV ARTEMIS. Under the agreement, MV ARTEMIS will be deployed to support petroleum exploration and production activities on the east coast of India. The contract has a…