Category: Business

  • Zota Health Care Raises INR 350 Crore via QIP, Onboards MS Dhoni and Suniel Shetty as Brand Ambassadors

    Zota Health Care Raises INR 350 Crore via QIP, Onboards MS Dhoni and Suniel Shetty as Brand Ambassadors

    Surat (Gujarat) [India], December 25: Zota Health Care Limited (NSE: ZOTA), a leading generics pharmacy retailer in India, has raised Rs 350 crores from a group of marquee investors through a Qualified Institutional Placement (QIP) issue and signed former Indian cricket captain Mahendra Singh Dhoni and Bollywood actor Suniel Shetty as its brand ambassadors.

    The Surat-headquartered company allotted 22,80,130 shares to eligible Qualified Institutional Buyers (QIBs), including foreign portfolio investors, alternative investment funds, and mutual funds, at an issue price of Rs. 1,535 per share. Investors who participated in the issue include Valiant Partners, 360 ONE, Prashant Jain-led 3P Investment Managers, White Oak Capital, Sanshi Fund-I and Turnaround Opportunities Fund, among others.

    Commenting on the successful fundraiser, Ketan Zota, Chairman of Zota Health Care Limited, said the continued support from institutional investors reflected confidence in the company’s long-term strategy and business model.

     “We are grateful for the trust and support shown by our investors. It is particularly encouraging to see several existing investors participate in the QIP, reaffirming their belief in our vision and growth plans,” he said.

    The proceeds from the QIP will be used primarily to accelerate the nationwide expansion of generic pharmacy stores. Zota Health Care aims to open more than 5,000 generic pharmacy stores across India by March 2029, supported by the fresh capital and cash flows from its mature store network.

    “As of now, we operate 1,373 Company-Owned Company-Operated (COCO) stores and 880 Franchisee-Owned Franchisee-Operated (FOFO) stores across the country. In addition, around 400 COCO stores are at various stages of development,” Mr. Zota said.

    Zota Health Care has witnessed steady improvement in per-store revenues, driven by increasing consumer awareness and growing demand for affordable medicines. The company focuses on offering quality generic medicines at significantly lower prices compared to branded alternatives, making essential medicines more accessible to a wider population.

    Website – https://www.zotahealthcare.com/

  • Affordable Homestay Near Dwarka Mor Metro Station – Garvik Stay

    Affordable Homestay Near Dwarka Mor Metro Station – Garvik Stay

    New Delhi [India], December 24: Finding an affordable homestay near Dwarka Mor Metro Station that offers comfort, safety, and a homely atmosphere can be challenging in a busy city like Delhi. Travelers today are no longer satisfied with cramped hotel rooms and high tariffs. They seek peaceful accommodation with easy connectivity, personalised hospitality, and value for money. Garvik Stay, with its thoughtfully designed and well-maintained accommodations listed across multiple locations, located in Patel Garden, Nawada, Dwarka Sector 13, perfectly meets these expectations by offering a comfortable and budget-friendly homestay experience. You can explore the complete range of Garvik Stay properties to choose the stay that best suits your travel needs.

    Whether you are a tourist, working professional, family visitor, or medical traveler, Garvik Stay stands out as a trusted homestay near Dwarka Mor Metro that combines convenience with comfort.

    Celebrate Christmas at Garvik Stay – Your Perfect Homestay with Terrace Party Space.

    Garvik Stay, located in Nawada, has been steadily gaining attention for offering a comfortable and welcoming homestay experience that feels both personal and thoughtfully curated. As the festive season approaches, the property stands out for one feature that is becoming increasingly rare in Delhi—a private terrace garden space that allows guests to celebrate in an open, relaxed setting.

    During Christmas, the terrace becomes an ideal spot for small gatherings, quiet celebrations, and festive evenings with friends or family. Guests have the freedom to decorate the space, enjoy music, and spend quality time together without the typical rush or restrictions often associated with hotels and restaurants. This balance of privacy, space, and affordability makes Garvik Stay a preferred choice for those seeking a more meaningful festive stay.

    What further adds to its appeal is Garvik Stay’s focus on value-driven hospitality. Seasonal pricing benefits and flexible stay options during the festive period make it accessible for families, working professionals, and out-of-town visitors looking for a peaceful yet well-connected location near Dwarka Mor Metro. The combination of a homely atmosphere, thoughtful amenities, and a terrace suited for celebrations positions Garvik Stay as a noteworthy option for festive stays in West Delhi.

    Dwarka Mor

    Prime Location Near Dwarka Mor Metro Station

    One of the biggest advantages of Garvik Stay is its strategic location. Situated close to Dwarka Mor Metro Station, the homestay provides excellent connectivity to major parts of Delhi, including Janakpuri, Uttam Nagar, Rajouri Garden, Connaught Place, and Gurgaon.

    Staying near a metro station saves time, travel costs, and daily commuting stress. This makes Garvik Stay an ideal homestay near Dwarka Mor Metro Station for guests who need quick access to business hubs, hospitals, markets, and tourist attractions.

    Nearby connectivity highlights include:

    • Dwarka Mor Metro Station (Blue Line)
    • Easy access to Indira Gandhi International Airport
    • Smooth road connectivity to West and South Delhi
    • Close proximity to offices, coaching centers, and shopping areas
    • Comfortable and Well-Maintained Homestay Rooms

    Garvik Stay offers clean, spacious, and thoughtfully designed rooms that create a peaceful living environment. Unlike commercial hotels, this homestay focuses on comfort and personal space, making guests feel at home.

    Each room is designed to suit both short-term and long-term stays. Guests choosing a budget homestay near Dwarka Mor appreciate the calm residential surroundings, cleanliness, and comfort provided at Garvik Stay.

    Key room features include:

    • Comfortable bedding
    • Clean and hygienic environment
    • Well-ventilated rooms
    • Quiet and peaceful residential location

    Affordable Homestay Without Compromising Quality

    Affordability is one of the strongest reasons guests prefer Garvik Stay. Compared to hotels near Dwarka Mor Metro, Garvik Stay offers reasonable pricing without compromising on cleanliness, safety, or comfort.

    As an affordable homestay in Dwarka Sector 13, it is suitable for:

    • Budget travelers
    • Corporate professionals
    • Families visiting Delhi
    • Students and interns
    • Long-term guests

    Flexible stay options such as daily, weekly, and monthly stays make Garvik Stay a cost-effective solution for extended visits.

    Ideal for Families, Professionals, and Medical Visitors

    Garvik Stay caters to a wide range of guests. Families appreciate the safe and homely environment, while professionals enjoy the peaceful atmosphere after long workdays. Medical visitors find the location convenient due to nearby hospitals and easy metro access.

    This makes Garvik Stay a preferred family-friendly homestay near Dwarka Mor Metro that prioritizes safety, privacy, and comfort.

    Safe and Peaceful Residential Environment

    Located in Patel Garden, Nawada, Garvik Stay is surrounded by a well-developed residential neighborhood. The area is calm, secure, and ideal for guests who prefer a peaceful stay away from noisy commercial zones.

    Daily essentials such as grocery stores, pharmacies, local markets, and eateries are easily accessible, making long-term stays comfortable and hassle-free.

    Why Choose Garvik Stay Near Dwarka Mor Metro?

    Here’s why Garvik Stay is a top choice for travelers looking for an affordable homestay near Dwarka Mor Metro Station:

    • Prime location with excellent metro connectivity
    • Clean, comfortable, and spacious rooms
    • Budget-friendly pricing
    • Homely and peaceful environment
    • Suitable for families, professionals, and tourists
    • Personalized hospitality and guest-focused service

    These factors have helped Garvik Stay build a strong reputation as a reliable homestay in Dwarka Sector 13, Delhi.

    Homestay Near Dwarka Mor for Long-Term Stay

    Long-term guests often struggle to find affordable and comfortable accommodation in Delhi. Garvik Stay solves this problem by offering flexible long-term stay options at reasonable rates.

    If you are relocating for work, attending a course, or staying in Delhi for medical reasons, Garvik Stay is a smart alternative to expensive hotels and rental apartments.

    Conclusion

    If you are searching for an affordable homestay near Dwarka Mor Metro Station, Garvik Stay is the perfect choice. With its excellent location, comfortable rooms, peaceful environment, and budget-friendly pricing, it offers a truly homely stay experience in West Delhi.

    Whether your stay is short or long, Garvik Stay ensures comfort, convenience, and value for money—making it your ideal home away from home in Dwarka.

    Book Your Stay Today

    Looking for a comfortable and affordable homestay near Dwarka Mor Metro Station? Garvik Stay is ready to welcome you.

    Reserve Now: 9289229217 / 8447305662
    Website: https://www.garvikstay.com/
    Connect With Us on Social Media
    Instagram: https://www.instagram.com/garvikstay/
    Facebook: https://www.facebook.com/profile.php?id=61572914363700
    YouTube: https://www.youtube.com/

    @GarvikStay Book your stay today and experience comfort, convenience, and homely hospitality at Garvik Stay – Dwarka Sector 13, Delhi.

    PNN Lifestyle

  • Manaksia Coated Metals & Industries Undertakes Upgradation, Capacity Expansion for its Continuous Galvanizing Line

    Manaksia Coated Metals & Industries Undertakes Upgradation, Capacity Expansion for its Continuous Galvanizing Line

    Mumbai (Maharashtra) [India], December 24: Manaksia Coated Metals & Industries Limited (NSE: MANAKCOAT, BSE: 539046), is one of the leading coated steel metal manufacturer and exporter, specialized in Galvanised & Pre-painted Steel in both coil and sheet forms, has undertaken a planned shutdown of its Continuous Galvanising Line (CGL) to implement a technology upgrade involving conversion from galvanised steel to Aluminium-Zinc coated steel, along with a capacity expansion.

    Key Project Highlights –

    Technology Upgrade and Capacity Expansion of the Continuous Galvanising Line:

    • Technology Upgrade: Upgradation of the Continuous Galvanising Line to Aluminium-Zinc coating technology with increased line speeds.
    • Capacity Expansion: Installed capacity to increase from 132,000 MT per annum to 180,000 MT per annum, reflecting a 36% enhancement.
    • Execution Timeline: Planned shutdown initiated in December, with production of Alu-Zinc coated steel expected to stabilise from January 2026.
    • Market Opportunity: Supports participation in growing Aluminium-Zinc coated steel demand with higher market acceptance and premium pricing.

    The upgrade is expected to improve line productivity and operating efficiency, reduce coating cost per metric tonne while maintaining superior corrosion performance, and enhance the overall energy efficiency of the line. The conversion supports a transition towards a higher-value product mix and is expected to positively contribute to EBITDA. The upgraded line is expected to strengthen the company’s presence across domestic and export markets, improve operating efficiency, and support scalable volume growth in line with its medium-term business plans.

    Commenting on this, Mr Karan Agrawal, Whole Time Director, Manaksia Coated Metals & Industries Limited, said, “This upgrade reflects the direction in which we want to take our coated steel business. The move to Aluminium-Zinc coating technology allows us to offer a more durable and application-ready product while also improving the efficiency and reliability of our operations. It is a well-timed step that strengthens our manufacturing capabilities and supports a better product mix. The transition has been planned with a clear focus on continuity. Our downstream operations of pre-painted steel production continue smoothly, and we remain fully aligned to meet customer requirements during the upgrade period. Any short-term impact is expected to be addressed through improved operating performance once the upgraded line is in operation.

    Aluminium-Zinc coated steel has strong acceptance in international markets and is witnessing rising demand across multiple applications. This upgrade enables us to participate more meaningfully in these opportunities, both in export and domestic markets, with a product that offers better performance and pricing potential. Looking ahead, the upgraded line positions us to scale volumes efficiently, improve operating margins, and pursue growth in a disciplined and sustainable manner, while maintaining consistency in quality and supply.”

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  • Advocate Shubham Awasthi Honored with Prestigious “40 Under 40 Lawyer Award”

    Advocate Shubham Awasthi Honored with Prestigious “40 Under 40 Lawyer Award”

    New Delhi [India], December 24: Shubham Awasthi, the lawyer at the Supreme Court of India and an advocate, was named the winner of the 40 Under 40 Lawyer Award by BW Legal World, which is one of the most reputable legal awards in India. The award was given during the 6 th Anniversary of the BW Legal World 40 Under 40 Lawyers and Legal Influencers Awards 2025 in New Delhi.

    Prior to the ceremony were keynote sessions and panel discussions with a retired judge of the Delhi High Court, Additional Solicitors General of India, senior advocates, policymakers and some of the top legal professionals. The event convened the up-and-coming leaders of the Indian legal and policy ecosystem and gave credit to work in the areas of corporate advisory, dispute resolution, regulatory practice, tech transactions, and cross-border mandates.

    The awards this year confirmed that BW Legal World is determined to recognise merit, professional excellence and leadership in the next generation of lawyers who would shape the future of Indian law.

    On this occasion, Advocate Awasthi claimed that he was selected after a strict interview process by a jury of great jurors in law. He was truly grateful that he was a winner, and he instead pointed out that the award was not only an outcome but also a duty to work harder, better and serve the profession and the society better.

    Advocate Awasthi is of the opinion that lawyers play a selfless, critical role in society. According to him, daily life is controlled and influenced by law, and lawyers have to serve, coach, and guard the interests of the people. He believes, like the old time, that law is a noble career, of which integrity, humility and service are fundamental principles.

    Advocate Awasthi is a postgraduate in Media and Entertainment Laws who works with various government and statutory bodies and panels. He has initiated and litigated several cases of public significance and social justice in multiple litigations and cases before the Supreme Court and other High Courts.

    Advocate Awasthi appreciated the fact that Mr Anurag Batra, Chairman and Editor-in-Chief of BW Businessworld, conceived and made such events happen. He stated that such efforts are praising merit and excellence, and encourage and spur young lawyers to elevate the professionalism and play an important role in the legal fraternity.

    As a humanitarian and public-spirited worker, Advocate Awasthi was appointed Deputy Secretary General – India of the World Humanitarian Drive, which is located in London. This appointment shows his dedication to the practice outside of the profession.

    Advocate Awasthi is widely regarded as an example to the juniors and a stable support to the clients, and he knows his duty very well in the noble law profession, as he is very humble, focused, and ambitious.

  • GIT Backstage App Set to Disrupt the Event Industry with Mostly Free Features

    GIT Backstage App Set to Disrupt the Event Industry with Mostly Free Features

    Satish Thakre and Prachi Mahale, Directors of the company, GIT Backstage

    Indore (Madhya Pradesh) [India], December 24: The Indian event industry is on the brink of a major digital disruption with the launch of GIT Backstage, a smart backstage and registration platform designed to transform how events are planned and executed. What makes this startup stand out is its bold approach—most of its powerful features are offered free of cost, making advanced event technology accessible to organisers of all sizes.

    Founded by Satish Thakre and Prachi Mahale, Directors of the company, GIT Backstage is the result of a unique blend of deep event-industry expertise and strong IT mastery. While Satish Thakre brings years of hands-on experience as an event agency expert, Prachi Mahale contributes her technical excellence and system-design expertise. Together, they have created a robust backstage solution that directly addresses real-world challenges faced by event professionals.

    Built with a strong understanding of on-ground event operations, GIT Backstage functions as a complete backstage and registration management system. The platform caters to corporate events, conferences, exhibitions, concerts, government programs, and private functions, enabling organisers to plan, manage, monitor, and control every aspect of an event through a single digital interface.

    GIT Backstage goes far beyond conventional registration tools. It focuses on the most critical yet often neglected part of event execution—the backstage. The platform effectively solves long-standing industry problems such as uncontrolled entries, manual check-ins, lack of real-time data, poor coordination between guests and crew, and the absence of structured post-event reporting.

    Through smart digital workflows, the system ensures faster and smoother guest entry, professional on-ground execution, real-time visibility, and better control for organisers and clients alike. Key features include a smart event management dashboard, QR-based contactless registration and check-in, and multi-level access control for VIPs, guests, staff, artists, volunteers, and crew members. Real-time entry tracking provides live insights into crowd movement, while downloadable post-event reports deliver instant access to attendance data and analytics.

    In addition to its technology platform, GIT Backstage also offers advanced backstage support services such as trained on-ground check-in staff, structured volunteer and crew management, live event dashboards for quick decision-making, custom branding and white-label options, and detailed post-event analytics to help organizers improve future events and strengthen client reporting.

    Designed by event professionals for event professionals, GIT Backstage significantly reduces manual dependency, minimizes on-ground chaos, enhances client confidence, and elevates overall professionalism in event execution. Its scalable architecture makes it equally suitable for small private gatherings as well as large-scale corporate and government events.

    With GIT Backstage, the event industry is stepping into a smarter, more organized, and technology-driven future—where events don’t just look impressive on stage, but run flawlessly behind the scenes.

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  • The Legacy Brewing Company Opens in Bangalore, Blending Heritage, Craft, and Community at Scale

    The Legacy Brewing Company Opens in Bangalore, Blending Heritage, Craft, and Community at Scale

    Bengaluru (Karnataka) [India], December 24: The Legacy Brewing Company, Asia’s largest craft brewing destination, has opened its doors in Rajarajeshwari Nagar, Bangalore. Founded by Bharath V C, Chitti Babu, and Bhavana V C, the brewery marks the family’s most ambitious hospitality venture to date, built on a legacy spanning multiple properties and generations.

    With an unprecedented capacity of 4,000 seats, The Legacy Brewing Company is envisioned as more than just a brewery. Designed as a landmark neighborhood destination, the space seamlessly transitions from a family-friendly gathering spot during the day to a vibrant brewing and social destination in the evening.

    The brewery places strong emphasis on quality and sourcing. From premium brewing ingredients sourced globally to top-quality Arabica coffee beans from Chikmagalur, every element of the food and beverage offering has been curated to meet high standards.

    The interiors are defined by earthy tones and natural materials such as wood, terracotta, and exposed concrete, creating a warm, open, and relaxed environment. Unlike heavily themed venues, the design focuses on spaciousness and comfort, offering guests a genuine escape from the city’s fast pace. Adding a local cultural touch, Moye-themed sculptures are placed across the space, symbolically protecting the venue and adding layers of storytelling.

    Speaking on the launch, Bharath V C, Proprietor, said, “Legacy is built right in our own neighborhood for the community to enjoy. The goal isn’t just about making money, but about creating something meaningful and offering long-term value to the community.”

    Bhavana V C, Proprietor, added, “Legacy was envisioned as more than a brewery, it’s a space built for people. From families and working professionals to friends coming together, we wanted to create an environment that feels welcoming, thoughtful, and rooted in the neighbourhood. Every design choice, ingredient, and experience reflects our intent to offer something meaningful to the community we belong to.”

    The brewery also offers versatile event spaces, including a 200-seater air-conditioned, glass-enclosed area suitable for birthdays, family functions, and business or medical conferences. Two premium VIP lounges, each accommodating 25 to 30 guests, cater to smaller, private gatherings such as anniversaries and kitty parties.

    With its scale, thoughtful design, focus on quality ingredients, and community-centric approach, The Legacy Brewing Company is set to become a defining brewing and dining destination for Bangalore.

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  • Craftsmanship Meets Celebration: How Dadu’s Pune Is Elevating the Modern Indian Wedding Table

    Craftsmanship Meets Celebration: How Dadu’s Pune Is Elevating the Modern Indian Wedding Table

    A decade of craftsmanship, couture gifting and dependable catering shaping the modern Indian wedding experience.

    Pune (Maharashtra) [India], December 24: As Wedding Season 2025 unfolds across India, one question continues to surface among couples and planners: What makes a mithai partner genuinely reliable during high-pressure, multi-event weddings? Dadu’s Sweet Emporio, widely known as Dadu’s Pune, is offering a perspective shaped by decades of work across intimate ceremonies, large-scale weddings and destination celebrations.

    Rather than defining luxury through price or packaging alone, the brand focuses on three fundamentals that matter most during wedding season: craftsmanship that holds its integrity, customisation that aligns with the wedding’s aesthetic, and operational reliability that planners can depend on.

    Dadu

    1. Craftsmanship That Holds Memory, Not Just Method

    At Dadu’s Pune, craftsmanship is a lineage. The brand works with artisans who have spent years perfecting a single skill, not because speed demands it, but because weddings deserve sweets that feel personal and intentional. Each mithai is handcrafted in measured batches, ensuring that the taste guests experience at the first function is exactly what they receive at the last. In a season where scale often dilutes quality, Dadu’s treats craft as a responsibility — one that protects the emotion behind every celebration.

    Signature methods include:

    • In-house, hand-layered phyllo for baklava
    • Slow-roasted besan handled exclusively by senior karigars
    • Small-batch milk reductions following traditional techniques
    • Natural colouring from flowers and fruits; no artificial shortcuts

    Many of the brand’s artisans come from families where the craft has been practiced for generations, working side by side and refining techniques that have been handed down, ensuring that tradition carries forward without dilution.

    2. Flavours & Design That Match Modern Wedding Aesthetics

    Today’s couples are visual-first; mithai is as much a part of the wedding aesthetic as décor or couture. Dadu’s Pune answers this with flavour profiles and design language built around global palettes, mindfully sourced ingredients and couture-style presentation.

    A curated selection for Wedding Season 2025 includes:

    • 24K Gold Pine Nut Florentines
    • Iranian Pistachio Baklava Bites
    • Almond Lavender Bliss
    • Macadamia Fig Royale
    • Hazelnut Chocolate Bomb

    Tiramisu Glitz

    Seasonal editions ranging from reimagined festive staples to flavour-led winter specials help planners curate menus for themed events, décor colour palettes and luxury gifting moments giving planners creative room to match dessert selections with colour palettes, venue styles and guest demographics.

    3. Couture Gifting That Becomes Part of the Event Story

    Dadu’s Pune has built a reputation for gifting that feels keepsake-worthy, not disposable:

    • Matte-textured boxes
    • Metallic accents
    • Handcrafted Indian motifs
    • Organza ribbons
    • Personalised monogramming

    Colourways tailored to wedding themes

    Hampers typically range between ₹2,000 and ₹15,000+, depending on design and customisation. For planners and families, the value lies not just in appearance, but in how seamlessly these gifts fit into the wedding’s overall narrative.

    4. Catering & Live Sweet Experiences Designed for Precision

    Dadu’s Pune has catered weddings across PAN India destinations and select international locations (including the UAE and Bangkok). Their operational capability supports 150 to 8,000 guests, with the ability to manage multiple events in one day during peak season.

    Services include:

    • Luxury mithai counters
    • Live sweet stations (jalebi, malpua, halwa-tava, baklava)
    • Dessert bars
    • Fully customised sweet menus
    • Chef-led showcases

    Wedding favourites such as Almond Sheekh Barbecue, Butter Corn Halwa, Dryfruit Tacos and Dessert Sushi Rollsextend beyond traditional mithai counters and appeal to the new-age Indian wedding audience. This removes guesswork for planners who need dependable dessert experiences that match the scale, timelines and diversity of a modern wedding.

    5. Precision Beyond Presentation

    Behind the scenes, planners prioritise reliability above all else. Dadu’s Pune supports this through:

    • Clear shelf-life guidelines (7–30 days)
    • Allergen transparency (nuts, dairy, gluten categories)
    • PAN India bulk delivery capability
    • Fast turnaround for large orders
    • Coordination-friendly approval workflows
    • Theme-based customisation without long lead times

    These operational details often define whether mithai integrates smoothly into a wedding’s planning timeline.

    “Weddings today are curated experiences, and every partner must support that precision,” says Founder Rusheel Dadu. “Our focus is heritage craft delivered with modern reliability, so planners and families can trust that flavour and presentation will be consistent across every function.”

    Co-founder Diksha Dadu, who leads the brand’s design and gifting direction, adds: “Couples come to us with moodboards, colours and stories. Our role is to translate those into sweets, gifting and experiences that feel personal and fit beautifully into their celebrations.”

    Dadu

    About Dadu’s Sweet Emporio — Pune

    Dadu’s Sweet Emporio (Dadu’s Pune) is an Indian Luxury Mithai House known for its small-batch craftsmanship, responsibly sourced ingredients, design-led gifting and exquisite wedding catering. With a decade of artisanal heritage, the brand delivers weddings and celebrations across India and select global destinations

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  • Dev IT Adds ~INR 9 Cr in New Orders Across Government and Enterprise Segments

    Dev IT Adds ~INR 9 Cr in New Orders Across Government and Enterprise Segments

    Mumbai (Maharashtra) [India], December 24: Dev Information Technology Limited, (NSE – DEVIT, BSE – 543462 | INE060X01034), a global IT services company providing Cloud Services, Digital Transformation, Enterprise Applications, and Managed IT Services, with products like Talligence and ByteSigner, has announced securing three new orders aggregating ~₹8.6 crore, strengthening its government and enterprise order book.

    Order Highlights:

    Knowledge Consortium of Gujarat (Government of Gujarat)

    • Value: ~₹6.97 crore
    • Scope: Microsoft Office Suite–based automation across government educational institutions
    • Execution Period: To be completed on or before February 5, 2026

    National Informatics Centre Services Incorporated (NICSI)

    • Value: ~₹0.93 crore
    • Scope: Application software and website development for Bureau of Indian Standards, New Delhi
    • Execution Period: ~6 months

    Vishakha Group (Enterprise Segment)

    • Value: ~₹0.71 crore
    • Scope: Enterprise software licensing, migration of 550+ users, and IT infrastructure implementation
    • Execution Period: ~3–4 months

    Operational Outlook

    These order wins significantly strengthen near-term revenue visibility and enhance resource utilisation across the Company’s delivery teams. The balanced mix of government and enterprise engagements is set to drive steady execution, operating leverage and disciplined growth, while solidifying Dev IT’s positioning in large-scale ABCD (AI, Blockchain, Cybersecurity, Data) of digital transformation programs.

    Commenting on the new order wins, Mr Pranav Pandya, Founder & Chairman, said,

    “We are encouraged by the steady momentum in order inflows across government and enterprise segments, which strengthens our near-term order book visibility. We will continue to prioritise timely execution and delivery quality.”

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  • Agami Realty wins top honours for Agami Sapphire at CREDAI Real Estate Excellence Awards

    Agami Realty wins top honours for Agami Sapphire at CREDAI Real Estate Excellence Awards

    Mumbai (Maharashtra) [India], December 24: Reaffirming their commitment to people-first development, Agami Realty was awarded the mantle of Best Residential Project – Affordable Segment (Tier III) for their Agami Sapphire project, at the maiden edition of the CREDAI Real Estate Excellence Awards. Held over December 19 and 20, 2025, the awards celebrate outstanding achievements across 26 categories, spanning multiple cities, asset classes, and landmark developments. Agami Realty was selected from more than 800 nominations to join the ranks of visionary developers recognised by CREDAI (Confederation of Real Estate Developers’ Associations of India) for their seamless integration of innovation, sustainability and long-term impact. The entire process was independently evaluated by CRISIL to ensure credibility, fairness and adherence to the highest industry standards.

    For Agami Realty, winning this award validates the developer’s core belief that affordability and excellence are not mutually exclusive, and that the future of development must be progressive and rooted in sustainability. The winning project is located in Boisar and spread over a lush 2-acre plot. It comprises thoughtful and well laid-out 1 and 2 BHK apartments, which are fitted out with state-of-the-art amenities, premium furnishings and smart features. Agami Realty’s emphasis on offering homebuyers an enhanced quality of life is evinced through thoughtful inclusions that range from an aroma garden to an open-air yoga lounge and even a dedicated car-free zone. In many ways, Agami Sapphire was planned in response to a clear shift in homebuyer expectations towards sustainability, operational efficiency and quality of living. The project thus integrates solar water heating systems, rainwater harvesting, efficient drainage infrastructure and heat-insulated waterproofing to reduce long-term resource consumption and maintenance requirements. The planning focuses on efficient layouts, ample natural light and ventilation and integrated green belt development to create healthier living environments. These decisions ensure that sustainability is experienced as a daily benefit, through better comfort, lower running costs and improved liveability.

    “Agami Sapphire reflects our conviction that long-term thinking and environmental responsibility should be embedded into housing from the very beginning, including in the affordable segment. The award is meaningful because it acknowledges intent, not just outcome. It recognises the discipline behind delivering a well-planned, dignified living environment in a market that is often underserved and underestimated. It also validates our approach of planning for durability, efficiency, and relevance across the entire life cycle of a building and confirms that such thinking is valued by the industry,” said Prashant Khandelwal, CEO of Agami Realty.

    Continuing the theme of people-centric development, Agami Realty prioritises creating homes that harmonise comfort, safety and everyday usability. To them, progress is reflected in responsible construction practices and infrastructure that supports long-term efficiency. Through these two tenets, the developer aims to create lasting value for homeowners and communities. Importantly, Agami Realty stands out for focusing on an often-overlooked segment and their keen understanding of what drives homebuyers in this market, namely credibility and execution over marketing noise. This credibility is further augmented through CREDAI recognition, which provides third-party validation and thus reassurance, especially for first-time homebuyers who are seeking projects backed by strong fundamentals and responsible development practices. Agami Realty notes that this recognition strengthens the brand’s positioning across all markets they operate in by demonstrating consistency in planning, transparency and delivery.

    Looking ahead, the developer will remain focused on responsible growth: Agami Realty’s upcoming ultra-luxury residential development in Kalanagar, Bandra East, will carry forward the same emphasis on thoughtful planning, sustainability and long-term value creation, applied at a higher design benchmark. All future projects will integrate advanced energy and water metering systems, with Agami Realty pursuing green building certifications and committing to strengthening climate-responsive zoning and embedding sustainability considerations early at the design stage.

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  • SHIVIK LABS: TRIDENT, A Step Toward Self-Improving AI Systems Built on Reasoning

    SHIVIK LABS: TRIDENT, A Step Toward Self-Improving AI Systems Built on Reasoning

    TRIDENT Tree-of-Thoughts

    Noida (Uttar Pradesh) [India], December 24: Shivik Labs, an emerging leader in foundational AI research, announced the release of its latest research paper introducing TRIDENT (Thought-based Reasoning and Improvement through Deep Exploration of Neuronal Trees), a paradigm-shifting framework designed to break the “static intelligence” plateau of modern Large Language Models.

    The research demonstrates that AI models can achieve significant leaps in reasoning and problem-solving through autonomous self-improvement—completely bypassing the traditional requirements for human-annotated data, handcrafted reasoning traces, or expensive additional pretraining cycles.

    SHIVIK LABS: TRIDENT - PNN

    The End of Static Intelligence: TRIDENT’s +14.14% Leap on GPQA

    Most large language models today improve primarily through scale—more data, larger parameter counts, or additional fine-tuning—rather than through improvements in their reasoning process itself. Their reasoning behaviour is effectively static: they produce answers in a single forward pass or by sampling multiple candidates, but they do not evaluate the quality of the intermediate reasoning paths they explore. As a result, models fail to learn which reasoning trajectories were effective, which were inefficient or misleading, and why a particular solution ultimately succeeded. TRIDENT is built to address this gap. Instead of treating reasoning as a static sequence of tokens, TRIDENT treats it as a structured search problem.

    They have open sourced the framework along with a model using the framework on Qwen3-4B, where the Shivik Labs team demonstrated that the TRIDENT framework could drive a performance surge from 28.28% to 42.42% on the GPQA (Graduate-Level Google-Proof Q&A) benchmark. This +14.14 percentage point gain is particularly notable because it was achieved without  fine tuning it with more data.

    Self-Correction Loops” — The model audits its own reasoning paths, identifying logical inconsistencies and refining its internal decision-making process autonomously.

    “The industry has been obsessed with scaling—more data, more parameters, more compute. TRIDENT proves that the next frontier isn’t just bigger models, but smarter algorithmic improvements over the current increment in model sizes. We’ve built a system that doesn’t just predict the next word; it understands how to navigate complex logic, identify its own errors, and learn from them autonomously.”

    — Shivansh Puri, Co-Founder and Head of Research & Engineering, Shivik Labs

    A First-Principles Architecture: How TRIDENT Works

    TRIDENT moves beyond linear “Chain-of-Thought” reasoning. It treats reasoning as a multi-dimensional search, exploring various logical branches and depth simultaneously. This allows the system to evaluate the validity of different paths in real-time and select the most robust solution without human intervention.

    Core Innovations

    1.Tree-of-Thoughts (ToT) Reasoning Policy
    TRIDENT moves beyond linear Chain-of-Thought reasoning by exploring multiple reasoning paths simultaneously. By structuring reasoning as a tree rather than a single sequence, the framework enables richer exploration of solution strategies and avoids early commitment to suboptimal reasoning paths.

    2. GNN-Guided Reasoning Path Evaluation
    To guide Tree-of-Thoughts exploration efficiently, TRIDENT employs a Graph Neural Network to evaluate intermediate reasoning states. The GNN assigns promise scores to partial reasoning paths, enabling early pruning of unproductive branches and focusing computation on the most promising reasoning trajectories.

    3. Self-Generative Reasoning Loop (SGRL)
    TRIDENT introduces an autonomous training loop in which the model generates its own reasoning traces, evaluates both final answers and intermediate reasoning using verifiable rewards, and improves without relying on human-authored chains of thought or preference data. All learning occurs during training, resulting in a standard deployable language model at inference time.

    Together, these components allow TRIDENT to improve reasoning through better exploration, evaluation, and learning—without increasing model size or requiring human supervision.

    Comprehensive Benchmark Results

    TRIDENT v5 demonstrates consistent improvement across multiple reasoning benchmarks:

    Benchmark Baseline (Qwen3-4B) TRIDENT v5
    GPQA (0-shot) 28.28% 42.42% (+14.14pp)
    GSM8K (5-shot) 74.14% 86.58% (+12.44pp)
    MMLU (5-shot) 47.70% 72.61% (+24.91pp)
    Winogrande (0-shot) 59.60% 67.08% (+7.48pp)
    ARC-C (25-shot) 54.00% 59.00% (+5.00pp)
    TruthfulQA (0-shot) 54.90% 54.70% (-0.20pp)

    From Theory to the Field: The Shivik Labs Mission

    Shivik Labs is not a traditional academic laboratory. It functions as a deep-tech engineering unit focused on “functional intelligence.” The TRIDENT framework is currently being stress-tested within Shivik, the company’s flagship platform for construction execution and control.

    “Every powerful technology shapes who holds control. For years, we used systems where that control lived somewhere else. That was acceptable when we were learning, but not anymore. By working on real-world problems, we are rebuilding the ability to create intelligence here. Our conviction is simple: India should stand among those who define AI, not those who depend on it.”

    — Abhisek Khandelwal, Founder of Shivik Labs

    Khandelwal emphasizes that India’s unique scale and logistical complexity serve as the ultimate proving ground. “Systems that can reason and operate effectively here are, by design, more resilient than those built in sanitized, lab-only environments.”

    Research Paper: https://www.shivik.in/shivik-labs/trident
    Research Repository: https://huggingface.co/shiviktech/Trident

    What’s Next for Shivik Labs?

    The publication of this paper marks only the beginning for Shivik Labs. The team is currently focused on working towards building indigenous reasoning AI model with the target of releasing it by early next year. They have already built the architecture and prototype and are now moving towards production ready model. They are aiming for releasing a small 2B model early next year (Q1-2026) with a target of building the world’s most efficient & powerful model by the end of 2026

    To accelerate the adoption of this framework, Shivik Labs is launching Collaborative Pilot Programs specifically for organizations facing “reasoning-heavy” challenges—such as complex logistics, forensic diagnosis, or strategic forecasting—where traditional AI currently falls short. This initiative is paired with a deep commitment to transparency and the democratization of innovation. Shivik Labs is making the TRIDENT research paper and key model artifacts publicly available on Hugging Face, inviting the global AI community of researchers, engineers, and industry leaders to explore the architecture and contribute to the future of autonomous, self-improving intelligence.

    About Shivik Labs

    Shivik Labs is a deep-tech research and engineering unit dedicated to building foundational intelligence architectures. Focused on the intersection of reasoning-centric models, Graph Neural Networks, and hardware-software integration, Shivik Labs develops autonomous systems that operate reliably in the real world.

    The Labs is powered by a high-octane group of researchers where 90% of the team is under the age of 25. This young, agile unit is unburdened by legacy AI paradigms, allowing them to move faster and think differently about the future of self-improving intelligence.

    Media Contact

    Shivik Labs

    Email: hello@shivik.in

    Website: www.shivik.in

    Paper Authors

    Shivansh Puri, Abhisek Khandelwal, Vedant Joshi, Akash Yadav

    Shivik Labs

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