Business – Page 5 – THE ECONOMIC INDIA

03 Aug

AM/NS India Highlights Need for Long-Life Solar Infrastructure to Support India’s 300 GW Renewable Energy Ambition

BusinessBusiness

Advanced steel solutions can help enhance durability, reduce lifecycle costs and strengthen the country’s clean energy transition Surat (Gujarat) [India], August 3: ArcelorMittal Nippon Steel India (AM/NS India) believes durable, corrosion-resistant steel will be critical to supporting India’s next phase of renewable energy growth as the country advances towards its target of 500 GW of renewable energy capacity by 2030. The company said the focus must be on creating solar infrastructure that is not only rapidly deployed but also built to perform reliably over decades. With India’s solar capacity expected to more than double from around 135 GW to 300…

03 Aug

Maharashtra Tourism Leads Global Conversations on Tourism, MICE and Destination Weddings at WOW Awards Asia 2026

BusinessBusiness

Mumbai (Maharashtra) [India], August 1: As Maharashtra continues to strengthen its position as one of India’s leading destinations for Meetings, Incentives, Conferences and Exhibitions (MICE), the Department of Tourism, Government of Maharashtra, is actively investing in world-class convention infrastructure, destination promotion, policy support and strategic industry partnerships to attract large-scale business events, international conferences and destination weddings. Reinforcing this vision, Maharashtra Tourism participated as the Principal Partner at the 17th edition of WOW Awards Asia 2026, held on 3 and 4 July at the Jio World Convention Centre, Mumbai. Leveraging one of Asia’s largest platforms for the experiential, MICE, live…

03 Aug

SK Finance Reports Strong Q1 FY27 Performance, Sustains Growth Momentum

BusinessBusiness

Mr Rajendra Kumar Setia, MD & CEO, SK Finance Limited Jaipur (Rajasthan) [India], August 3: SK Finance Limited today announced its financial results for the quarter ended June 30, 2026, reporting a strong performance driven by sustained customer demand, disciplined underwriting, robust collections and continued investment in technology. Key Highlights: Assets Under Management (AUM) at ₹16,227 crore as of June 30, 2026 Profit After Tax (PAT) at ₹104 crore in Q1 FY27 During the quarter, the Company reported a Profit After Tax (PAT) of ₹104 crore, registering a 19 per cent YoY growth. Assets Under Management (AUM) stood at ₹16,227…

03 Aug

ACE Software Posts Earnings Turnaround; Standalone Profit Before Tax Up 43% YoY

BusinessBusiness

Ahmedabad (Gujarat) [India], August 3: Ace Software Exports Limited (BSE: 531525) continued its profitable growth trajectory during Q1 FY2026-27, reporting sustained revenue expansion, a return to consolidated profitability and a 42.7% year-on-year increase in Standalone Profit Before Tax. The results reflect disciplined execution while the Company continues to invest in Artificial Intelligence (AI), digital platforms, proprietary technology assets and scalable growth opportunities. Q1 FY27 Financial Highlights Standalone Revenue from Operations for the quarter ended June 30, 2026, increased 8.6% year-on-year to ₹3.54 crore. Consolidated Revenue grew 7.9% year-on-year to ₹14.29 crore. Standalone Profit Before Tax increased 42.7% YoY, reflecting improved…

03 Aug

Silver Storm Parks & Resorts Limited Successfully Concludes IPO

BusinessBusiness

Mumbai (Maharashtra) [India], August 1: Silver Storm Parks & Resorts Limited, one of India’s leading tourism and theme park chains, has successfully concluded its Initial Public Offering (IPO), raising ₹82.43 crore. The Qualified Institutional Buyers (QIB) category was subscribed 1.81 times, attracting applications worth ₹31.02 crore. The Retail Individual Investors (RII) category was subscribed 1.41 times, receiving applications worth ₹38.73 crore, while the Non-Institutional Investors (NII) category witnessed a subscription of 3.19 times, garnering applications worth ₹37.64 crore. The company also raised ₹21.97 crore from Anchor Investors and ₹4.14 crore from the Market Maker. Vivro Financial Services Private Limited acted…

01 Aug

Bootstrapped to Scale: How GetGabs Built an AI-Driven WhatsApp Platform Powering 10 Million+ Monthly Messages — Without External Capital

BusinessBusiness

Jaipur (Rajasthan) [India], August 1: In a startup ecosystem where capital often precedes product-market fit, GetGabs has taken a deliberately different path — achieving meaningful scale and a compounding AI moat entirely through bootstrapped execution. After two years in the market, the platform now serves 1,500+ businesses, supports 35,000+ users, and processes over 10 million messages per month. The company has earned approximately 4.9/5 ratings across major review platforms, with adoption spanning e-commerce, education, SaaS, healthcare, and professional services — all achieved without raising external capital. For investors, this signals something important: GetGabs has already crossed the riskiest phase of…

01 Aug

AAGHAAZ Indian Artisan Single Malt Whisky Wins Global Rising Star Award 2026 at the House of Lords, UK Parliament

BusinessBusiness

New Delhi [India], August 1: AAGHAAZ Indian Artisan Single Malt Whisky has achieved a significant milestone by becoming the first Indian single malt whisky to receive the prestigious Global Rising Star Award 2026. The award was presented at the House of Lords, UK Parliament, London, by MP Paul Scully and Lord Rami Ranger, recognising the brand’s craftsmanship, innovation, premium quality, and growing global presence. The honour was received by Gauravh Malhotra, Director of Oasis Group of Companies, marking a proud moment for AAGHAAZ, Oasis Group, and the Indian spirits industry. The recognition reflects the increasing global appreciation of Indian single malts and…

01 Aug

Infistar Renewables Pvt Ltd, India, partners with Finland’s Arciplug Oy to Bring First-in-India Modular Plug Flow Compressed Biogas Technology

BusinessBusiness

Joint venture aims to accelerate clean energy adoption through modular plug flow biogas plants, promote circular economy solutions and support Make in India Ahmedabad (Gujarat) [India], July 31: Infistar Renewables Pvt Ltd has entered into an exclusive joint venture with Finland-based Arciplug Oy to introduce make-in-India MODULAR PLUG FLOW compressed biogas plants, marking a significant step towards advancing the country’s renewable energy ambitions through next-generation CBG solutions. The joint venture, Arcistar Bioenergy Pvt Ltd, will deliver turnkey make-in-India Modular Plug-Flow CBG plants (<3 TPD), capable of converting agriculture residues, municipal solid waste and other organic waste into clean energy. This…

01 Aug

Forcas Studio Limited Launches FTX on Flipkart Minutes – Now Delivering Fashion in as Little as 20 Minutes

BusinessBusiness

Kolkata (West Bengal) [India], August 1: Forcas Studio Limited (NSE: FORCAS), one of the leading fashion and lifestyle companies, is pleased to announce that its flagship fashion brand FTX has been launched on Flipkart Minutes with effect from July 29, 2026, enabling customers to receive selected FTX products in as little as 20 minutes. Key Highlights of the Announcement: FTX is now available on Flipkart Minutes from July 29, 2026 Selected FTX products can be delivered in as little as 20 minutes Strengthens the Company’s omnichannel retail strategy Expands FTX’s presence across India’s rapidly growing quick commerce ecosystem Enhances customer convenience through…

01 Aug

TRUtest Diagnostics ventures into ‘Integrated, Consumer-First Diagnostics’

BusinessBusiness

India’s fastest growing comprehensive diagnostics powerhouse opens its first integrated pathology, radiology & cardiology centre in Gurugram — with a 50-centre, ₹250 crore mission to make world-class, coordinated diagnostics accessible and affordable in the country’s fringe and Tier 2/3 cities. Gurugram (Haryana) [India], August 1: TRUtest Diagnostics, incubated by the Manipal Group, has launched its first integrated pathology, radiology and cardiology centre — and with it, a nationwide mission to make world-class, coordinated diagnostics accessible and affordable well beyond India’s metros. The company will build 50 such centres over the next five years, with the sharpest focus on the fringe…