Business – Page 65 – THE ECONOMIC INDIA

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…

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…