Business – Page 64 – THE ECONOMIC INDIA

01 Jul

Digikore Studios Signs China Distributor for Kingdom Games at MIFA Annecy; Major Step Towards Global Release of the Film

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Pune (Maharashtra) [India], July 01: Digikore Studios Limited (NSE: DIGIKORE), a leading technology-driven Visual Effects studio, is pleased to inform stakeholders that its original AI-assisted animated feature film, Kingdom Games, received a fantastic response at MIFA, Annecy, one of the world’s most important animation markets. A major highlight was the signing of a China distributor for Kingdom Games — a significant milestone given China’s position as one of the world’s largest and most influential film markets. View Kingdom Games Film Trailer: https://vimeo.com/user16751730/kg-mifa-trailer The importance of China for animated films has been further highlighted by the historic success of Ne Zha 2, which…

30 Jun

Tamil Nadu Could Build ₹37,000-Crore Defence Electronics Hub

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New Delhi [India], June 30: Defence manufacturing is slowly moving away from traditional hardware-heavy platforms, as modern warfare relies more on software, sensors and secure communication systems. The transition to electronics-based systems is underway, with functions such as electronic warfare, artificial intelligence, and network-centric operations increasingly vital to military capabilities across countries. According to a roadmap presented by Distinguished Scientist at DRDO and Director General (Electronics and Communication Systems) BK Das, Tamil Nadu can become a major defence electronics hub by 2040 with an annual production capacity of ₹37,000 crore. Das said the state has a realistic opportunity to capture…

30 Jun

India Is UK’s No. 2 FDI Investor, Creates 12,687 Jobs

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New Delhi [India], June 30: Trade agreements can have a wider range of effects than just reducing tariffs. They can influence long-term investment decisions, corporate expansion plans, and job creation. Bilateral investment flows are increasingly seen as a reflection of broader economic relationships rather than just trade ties, as companies look for more stable markets and diversified supply chains. Against this backdrop, India’s investment presence in the UK has remained strong, and with the upcoming India–UK Comprehensive Economic and Trade Agreement (CETA), the momentum is expected to continue. Data from the UK Department for Business and Trade shows that India…

30 Jun

India Plans Strategic Fuel Reserves After Gulf Conflict

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New Delhi [India], June 30: For nations dependent on imported fuels, energy security has emerged as a key policy priority. Even short-term geopolitical events can disrupt supply chains, freight rates and energy prices, prompting governments to strengthen emergency stockpiles. The recent Iran conflict and tensions in the Persian Gulf have reinforced the need for India, which imports nearly 90% of its crude oil requirements, to adopt a more comprehensive fuel security strategy. The Centre is now looking to build strategic reserves of crude oil, liquefied petroleum gas (LPG) and liquefied natural gas (LNG). According to people familiar with the matter,…

30 Jun

Haldia Petrochemicals Pipeline Fire Injures Over 10

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New Delhi [India], June 30: There are safety measures in place for those working in a petroleum products facility, but accidents involving highly flammable materials can have far-reaching consequences. They not only compromise the safety of workers and local residents but can also disrupt transport and industrial operations. These risks have once again come into focus after a major fire at Haldia Petrochemicals in West Bengal on Tuesday. A fire at a naphtha-carrying pipeline of Haldia Petrochemicals in Purba Medinipur district injured over 10 people in the early hours of Tuesday. Once a portion of the pipeline caught fire, firefighters…

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%…