Business – Page 826 – THE ECONOMIC INDIA

21 Mar

Vikas Ecotech Board Reduces More Debt under Debt Reduction Program Phase-II; Moving Towards Zero Debt Regime

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New Delhi (India), March 21: BSE (560961) & NSE (VIKASECO) listed Vikas Ecotech Ltd. an emerging player in the global arena of the high end specialty chemicals players, offering eco-friendly and technologically superior products to the world has announced that on persistence and support extended by the promoters of the Company, it has paid back Rs. 60 million today, taking the total amount of bank-debt reduced in the Phase-II to Rs. 360 million and the overall bank-debt reduction to Rs. 580 million till date. After completion of both these phases, and intended additional bank-debt repayment, bank-debt shall get reduced by approx.…

21 Mar

How Medius AI is digitizing collections to help India’s NPA crisis

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The AI-powered collection intelligence platform uses predictive technology to help banks identify and reduce NPA March 21: Medius AI, a collection intelligence platform, is pioneering digital debt management and NPA (non-performing assets) resolution for banks in India. Launched in 2021 by Nitin Purswani, Medius AI aims to revolutionize the lending industry by decreasing the volume of bad loans and NPA across the sector. Rooted in the idea to equip banks with actionable insights, Medius AI is helping overcome the intensifying crisis of NPAs that has significantly grown after the Covid-19 outbreak. Medius AI delivers artificial intelligence and machine learning capabilities…

19 Mar

Oltao’s New-Generation Luxury Ceiling Fans Transforming Indian Homes Forever

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Udaipur, March 19: Udaipur-based entrepreneur Mehul Soni’s luxury ceiling fan brand, Oltao (www.oltao.co), has been empowering buyers across India with extraordinary unique ceiling fans that are a fusion of fan and chandelier. Despite the ever-growing availability of fancy and decorative pieces for floor and wall decoration, people are only left with very limited choices when it comes to the ceiling. Thinking and buying fancy things for the ceiling is a problem most homeowners face. It is why many people invest in chandeliers to amplify the beauty of their homes. Although there are numerous unique and gorgeous chandelier designs available, the…

19 Mar

OSL’s Riverine Navigation Success at Paradip Port- Handles, Transfers Tata Steel’s 400 MT Imported Heavy Lift Cargo to Kalinga Nagar

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Bhubaneswar (Odisha) [India], March 19: Adding yet another feather to its cap of scripting scores of success stories, Odisha’s veteran stevedoring firm Orissa Stevedores Limited (OSL), under the able stewardship of its managing director (MD) Mahimananda Mishra, has achieved its mission of handling and transferring heavy lift cargo via riverine navigation from Paradip Port. Accordingly, OSL has been successful in discharging heavy lifts of about 400 metric tonnes (MT) at Paradip Port as well as positioning the cargo at Luna Jetty by virtue of riverine navigation. Pertinent to note that Luna Jetty is about 45 km away from Paradip Port. …

19 Mar

Spetrol, the Warangal-based startup aspires to be ‘Amazon’ for fuel delivery in Telangana, Karnataka and Andhra Pradesh

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Spetrol Founder Ram Budime and Team Warangal (Telangana) [India], March 19: Spetrol, a Warangal-based startup, intends to be the ‘Amazon’ of High-Speed Diesel (HSD) door-to-door delivery by developing its energy distribution network to over 300 customers across sectors in Telangana, Andhra Pradesh, and Karnataka by 2022-23. Being Telangana’s premier energy distribution startup, Spetrol is following government policy, which states that there is a significant demand for HSD for fixed equipment such as generator sets, earth moving equipment, heavy machinery used on building sites, mobile towers, and so on. Businesses who required fuel delivered had to contact for each delivery, which was…

19 Mar

BNI Ahmedabad aims to facilitate Rs. 10,000 crore business by 2025

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Nitish Agarwal, Executive Director of BNI Ahmedabad, says the organisation’s members have emerged stronger from the pandemic. Ahmedabad, March 19: Business Network International (BNI), the world’s leading business referral organisation, is looking to give a significant boost to the economy by more than doubling the business transactions it facilitates in Ahmedabad. BNI Ahmedabad has 38 chapters and a membership base of more than 2,000. The members include businesses of all sizes and from sectors including real estate, manufacturing, services, architects, brokers, Information Technology, retail, and much more. “Networking is a great tool for growing business, and nobody does it better…

19 Mar

Star Imaging Path Lab recognized for delivering Best Diagnostic Services

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New Delhi (India), March 19: Star Imaging & Path Lab received the award for Best Diagnostic Lab at 5th edition of Six Sigma Leadership Summit organized at Pulman Aerocity. The award recognises the best diagnostic centre providing the best quality services to their patients with precision & personalised care. Sh. Anurag Thakur, Union minister for youth services and sports felicitated Dr. Sameer Bhati, Director, Star Imaging & Path Lab with Oscars of Healthcare: Proud Maker of India Award for his relentless services during unprecedented Covid times. Dr. Sameer Bhati, Director, Star Imaging & Path Lab said,” It gives us immense…

19 Mar

Linktree Raises $110 Million USD Led By Index and Coatue to Power Next Phase of Growth for Creators, Consumers and Brands

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Secures Michael Olson as US-based President New Delhi (India), March 19: Linktree today announced $110 million USD funding led by Index Ventures and Coatue at a valuation of $1.3 billion USD. The company’s fast-paced growth trajectory to 24 million users in the past year ensured follow-on from previous investors AirTree Ventures and Insight Partners, and new participation from Greenoaks Capital, renowned for investments in Coupang, Canva and Airwallex. Linktree is the link-in-bio category creator that enables users to create a streamlined online identity to showcase, and commercialize, their profile. It is utilized by artists, and brands globally including TikTok, Selena…

19 Mar

Bollywood PR site launches app on Google Play

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First entertainment PR website from India on Google Play Mumbai (Maharashtra) [India], March 19: BollywoodPR.in has become the first entertainment PR website from India to make its presence felt on Google Play Store with the launch of its news app simply called Bollywood PR. Reflecting the categories of the BollywoodPR.in website, the app features various sections covering news, views, interviews, opinion pieces, analysis, pictorials, top lists and case studies. It even has a section covering top influencers vying for attention in the entertainment industry. The app has a bold black, white and gold theme, which it carries forward from its…

19 Mar

Leading baklava brand Mezaya eyes an annual turnover of three crores by March 2023

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India (Maharashtra), March 19: Leading Baklava brand, Mezaya, which is presently making a sale of Rs 10 lakhs a month, is targeting a sale of Rs 25 lakhs per month in the coming financial year, the Co-founder of Mezaya Confectionary LLP, Raies Sheikh said. We are all set to scale our annual turnover to Rs 3 crore by March 31, 2023, Raies pointed out. At present, we are delivering 50 to 70 boxes a day; we are aiming to increase these deliveries to around 150 plus boxes, he added. To achieve this target, the company has augmented its capacity and…