Category: Business

  • Chet Kamal Parkash on Diwali: “The Festival That Teaches Us to Light Up from Within”

    Chet Kamal Parkash on Diwali: “The Festival That Teaches Us to Light Up from Within”

    New Delhi [India], October 15: As twilight settles and the first diya flickers to life, the world begins to glow in soft gold. The air is filled with the scent of incense and marigold. The laughter of families carries through the evening, and hearts feel lighter. This lightness comes not only from celebration, but also from connection.

    For author and thought leader Chet Kamal Parkash, Diwali is more than just a festival. It is a journey that reminds us light is not only something we see, but something we become.

    “Every lamp we light,” he says, “is a promise — a promise to shine, to grow, and to lift others along the way.”

    The Inner Lamp of Awareness

    Chet Kamal Parkash believes the true essence of Diwali lies in introspection. “Lighting diyas outside is beautiful,” he reflects, “but lighting awareness within ourselves brings real transformation.”

    He describes lighting a diya as a moment of quiet meditation. It offers a brief pause to turn inward. “The flame teaches us silence,” he explains. “It remains still even in strong wind. Our minds must learn to glow with the same steadiness when life becomes difficult.”

    To him, Diwali is not just about removing darkness. It is about understanding that light and darkness exist together. Wisdom comes from learning to keep the flame alive in both moments of joy and challenge.

    A Celebration of Connection and Compassion

    What moves the author most about Diwali is the quiet sense of togetherness it creates. Sharing sweets, laughing with neighbours, and exchanging gifts all become simple expressions of belonging.

    “Festivals were never meant to be extravagant,” he says. “They are meant to remind us that joy grows when it is shared.”

    He sees Diwali as a reminder that one diya’s glow is incomplete until it lights another. “True happiness,” he adds, “does not come from the light that surrounds us. It comes from the light we spread.”

    Rituals That Carry Meaning

    Every tradition, according to Chet Kamal Parkash, holds a deeper message. We only need to slow down and listen.

    “When we clean our homes before Diwali,” he says, “we are not just removing dust. We are letting go of old energy, past emotions, and outdated patterns.”

    He believes that this act of renewal is the true preparation for light. “A lamp cannot shine in a room full of clutter,” he explains. “In the same way, a soul cannot shine when burdened by anger, guilt, or resentment.”

    For him, the rituals of Diwali are not just about decoration. In lighting lamps, exchanging sweets, and gathering with loved ones, we discover timeless wisdom hidden in celebration.

    Stillness within the Light

    Even amid the joy and music of celebration, the author reminds us of Diwali’s quieter moments. “When the lamps are lit and the world is filled with joy, there is a brief moment when time feels still,” he shares.

    That stillness, he says, is where gratitude lives. It is the space where we remember our journey and all the grace that brought us to this point.

    In his writings, he often describes Diwali as a festival of inner peace, hidden beneath outward sparkle. He encourages people to sit quietly for a few minutes, to observe the flame, feel its warmth, and listen to their breath.

    “That,” he says, “is the true celebration. It is the meeting point of awareness and light.”

    Ancient Light in a Modern World

    In today’s fast-moving world, Chet Kamal Parkash sees Diwali as more relevant than ever. “We live surrounded by brightness,” he observes, “yet many people feel dim inside.”

    His message is simple and powerful.

    “Slow down. Do not just decorate your space. Decorate your spirit. Do not just light lamps. Light intentions.”

    He believes that reconnecting with the deeper meaning of festivals can help us recover from the weariness of modern life. “Each celebration is a moment to pause, reflect, and begin again. Not with noise, but with clarity.”

    Diwali as a Reflection of the Human Spirit

    Chet Kamal Parkash sees Diwali as a reflection of our inner world, revealed when we pause and step away from routine and rush. “When the lights come on, we see joy around us. But the festival also invites us to look within and recognize the truth of who we are.”

    To him, every diya represents courage, humility, and renewal. “They remind us that strength is not about never burning out. It is about learning to relight ourselves when needed.”

    Each flickering flame is an invitation to forgive, to reconnect, and to start anew. “The true glow of Diwali,” he says, “is not in the fireworks. It is in the quiet spark that tells us we can begin again.”

    A Message of Light

    As the lamps shine on balconies and courtyards, the author leaves readers with a message as radiant as the night itself:

    “Light a lamp not for luck, but for learning.
    Light one not just for prosperity, but for peace.
    And light one for every soul you wish to uplift.
    Your glow may be the light someone else is waiting for.”

    He believes that if each of us chooses to live like a diya — steady, kind, and generous — the world will never run out of hope.

    “The real victory of light,” he concludes, “is not when darkness disappears. It is when we stop being afraid of it.”

    As the night deepens and thousands of diyas glow gently in the distance, his words linger — calm, meaningful, and full of light.

    Diwali, as he reminds us, is not just a date on the calendar.
    It is a state of being. A choice to awaken, to lift others, and to live with light.

    About the Author

    Chet Kamal Parkash is a celebrated author and insightful thought leader whose work explores human connection, purpose, and the ongoing journey of learning. His reflections invite readers to find meaning in daily life and approach growth with an open heart.

    Author | Thinker | Lifelong Learner
    Instagram: @chetkamalparkash

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  • Hafele Presents the Cronus Digi-Step Hobs: A New Era of Smart Cooking

    Hafele Presents the Cronus Digi-Step Hobs: A New Era of Smart Cooking

    New Delhi [India], October 17: With over a century of expertise in premium home solutions and innovative kitchen technologies, Hafele continues to set benchmarks in design, functionality, and performance. Staying true to this legacy, Hafele introduces the Cronus Digi-Step Hobs, a breakthrough in modern gas hob technology that seamlessly blends advanced functionality with sophisticated design. Crafted for the contemporary kitchen, Hafele’s Cronus Digi-Step Hobs deliver the perfect balance of precision, safety, and style, redefining everyday cooking experiences.

    Equipped with Digital Multi Timers, each burner can be individually timed for different dishes, allowing for greater convenience and control. The innovative Graduated Flame Technology offers multiple flame levels, enabling users to achieve perfect cooking results every time.

    For added safety and comfort, the hobs feature Insta Ignition and a Flame Failure Safety Device, ensuring reliable and secure operation. Built with high-quality brass burners and fully sealed technology, the Cronus Digi-Step Hobs promise long-lasting, maintenance-free performance.

    Aesthetically, Hafele enhances the Cronus Digi-Step Hobs with premium metal knobs featuring a sleek gunmetal finish and grooved edges for improved grip and heat resistance. The elegant 8mm tempered glass cooktop with beveled edges, paired with a modern 7-segment digital display and touch controls, creates a seamless fusion of style and innovation that elevates the look of any kitchen.

    Available in 3-burner, 4-burner, and 5-burner models, Hafele’s Cronus Digi-Step Hobs feature specialized burners like the 5kW Dual Function Wok Burner for high-intensity cooking, the Medium Wok Burner for everyday use, and the Dual Ring Burner for slow, delicate preparations, each designed to deliver maximum versatility and performance.

    With the Cronus Digi-Step Hobs, Hafele brings innovation, safety, and style together to enrich the cooking experience.

    https://www.hafeleindia.com/en/info/service/contact-us/410/ to find the nearest

    Established as a wholly owned subsidiary of Hafele Global network, Hafele India has been operating in India since 2003. An authority in the field of architectural hardware, furniture and kitchen fittings and accessories, the company also has a strong presence in synergized product categories like Home Appliances, Interior and Furniture Lighting, Sanitary Solutions, and Surfaces positioning itself as a complete solution provider for interior solutions in India and South Asia. Hafele India has a strong nationwide presence through its offices and design showrooms spread across the country. The showrooms function as a one-stop shop for all home interior and improvement needs – from providing in-depth technical advice to kitchen and wardrobe designing services through a team of experts.

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  • Yayyy.shop launched by Paramotor Digital Technology to transform digital gifting with 250 Plus brands

    Yayyy.shop launched by Paramotor Digital Technology to transform digital gifting with 250 Plus brands

    Mumbai (Maharashtra) [India], October 17: Paramotor Digital Technology Pvt Ltd, a SaaS-based fintech, announced the launch of yayyy.shop a direct-to-consumer platform aimed at transforming how India approaches digital gifting.

    yayyy.shop brings together over 250 national and international brands across fashion, food, lifestyle, entertainment, and travel categories. The platform enables users to purchase digital gift cards at special discounted prices, allowing them to pay less while receiving the card’s full face value, offering consumers a blend of convenience, flexibility, and savings.

    Unlike conventional gifting platforms that see activity only during festive peaks, yayyy.shop encourages everyday, choice-based gifting, enabling users to purchase for themselves or others anytime. What sets it apart, is its India-first approach. Recognizing that digital convenience has largely remained metro-centric, Paramotor has built yayyy.shop to reach Tier 2 and beyond, making digital gifting and payments more accessible, inclusive, and affordable for millions of new-age consumers.

    “In India, many digital innovations start strong but don’t always reach the audiences they’re meant to serve,” said Sonia Asher, Co-founder and Director of Paramotor Digital Technology. “Our goal with yayyy.shop is to make digital gifting more inclusive and accessible. What began as an offline initiative has now evolved into a platform that extends the benefits of digital convenience beyond metro cities.”

    With yayyy.shop, Paramotor strengthens its footprint in India’s fast-evolving consumer fintech ecosystem, combining its technology and purpose to make digital gifting simple, affordable, and truly inclusive.

    About Paramotor Digital Technology:
    Founded in 2016, Paramotor Digital Technology Pvt. Ltd. is a SaaS-based fintech company providing spend management solutions for direct-to-consumer segment, digital gifting, rewards and loyalty platform for businesses. Recognized under the Start-up India (DPIIT) program, Paramotor serves over 20 million customers through its network of gifting and payment products, contributing to India’s growing digital commerce ecosystem.

    yayyy.shop: www.yayyy.shop

    Website: www.paramotordt.com

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  • Sathlokhar Synergys E&C Global Limited Strengthens industry positioning through Record Order Wins, Diversified Client Portfolio and Credit Rating Upgrade

    Sathlokhar Synergys E&C Global Limited Strengthens industry positioning through Record Order Wins, Diversified Client Portfolio and Credit Rating Upgrade

    Chennai (Tamil Nadu) [India], October 17: Sathlokhar Synergys E&C Global Limited (SSEGL), a Chennaibased EPC Turnkey construction company delivering integrated turnkey infrastructure solutions across industrial, commercial, institutional,healthcare sectors, & solar continued its strong growth momentum during the first half of FY26. The period was marked by multiple highvalue project wins from marquee global and Indian clients, a credit rating upgrade from India Ratings & Research, and a successful preferential fundraise to support future scalability and operational excellence.

    Healthy Order Book and Pipeline

    • Order Book (as of 30 Sept 2025): ₹1200+ Cr (Under Execution)

    • Bid Pipeline: ₹12,800+ Cr worth of projects under evaluation

    • Execution Visibility: 06 to 09 months with strong H2 ramp up expected

    Robust Order Inflow

    During H1 FY26, Sathlokhar Synergys E&C Global Limitedachieved a record order inflow of approximately ₹830 Cr, securing 12 major EPC contracts across industrial, warehousing, and commercial infrastructure projects. These projects reflect the company’s growing national footprint and trust among leading domestic and international clients.

    Key Orders Secured in H1 FY26:

    • ₹338.36 Cr: Reliance Consumer Products Ltd. (RIL Group): Civil and PEB works for beverage manufacturing facility, Andhra Pradesh

    • ₹219.22 Cr: Ceylon Beverage Can Pvt. Ltd. (Sri Lanka Group): Civil, PEB, MEP, and Solar works, Karnataka

    • ₹136.99 Cr + ₹33.71 Cr + 3.75 Cr: High Glory Footwear India Pvt. Ltd. (Pou Chen Group, Taiwan): Civil, PEB, and MEP works for multiple factory and commercial buildings, Tamil Nadu

    • ₹30.31 Cr: MWM Spaces Pvt. Ltd.: Civil and PEB works for factory building, Andhra Pradesh

    • ₹18.76 Cr: Grand Atlantia Panapakkam SEZ Developers Pvt. Ltd.: Civil, PEB, and MEP infra works, Tamil Nadu

    • ₹13.72 Cr: Vishnu Chemicals Ltd.: Civil works for chemical manufacturing facility, Andhra Pradesh

    • ₹12.69 Cr: Almonard Pvt. Ltd.: Civil, Plumbing, and Electrical works, Tamil Nadu

    • ₹12.39 Cr: Karaikal Iyangars Foods Ltd.: Civil, PEB, and MEP works, Puducherry

    • ₹10.37 Cr: Komatsu India Pvt. Ltd.: Civil works for canteen building, Tamil Nadu

    • ₹6.20 Cr: Mudhra Fine Blanc Pvt. Ltd.: Civil works for auto components unit, Tamil Nadu

    • ₹4.95 Cr: Freetrend Industrial India Pvt. Ltd. (Dean Shoes Group): Electrical works, Tamil Nadu

    • ₹3.95 Cr: Thaai Casting Limited: Execution of Civil & PEB works.

    • ₹3.26 Cr: Toyota Kirloskar Motor Pvt. Ltd.: Civil, Electrical, and Firefighting works, Karnataka

    Collectively, these contracts enhance Sathlokhar’s presence across Tamil Nadu, Karnataka, Andhra Pradesh, Maharashtra, Odisha, Uttar Pradesh and Puducherry, strengthening its reputation as a preferred EPC partner for global manufacturing and industrial clients.

    Credit Rating Upgrade

    In July 2025, India Ratings & Research upgraded SSEGL’s credit profile:

    • Long Term Rating: Upgraded from IND BBB to IND BBB+ (Stable)

    • Short Term Rating: Upgraded from IND A3+ to IND A2

    The upgrade reflects the company’s robust financial performance, steady order inflows, efficient execution track record, and prudent working capital management.

    Preferential Fundraise to Strengthen Financial Base

    In September 2025, the Board approved a ₹114 Cr preferential issuecomprising equity shares and convertible warrants:

    • ₹95.93 Cr through 19,90,200 equity shares to non-promoter investors at ₹482 per share

    • ₹18.08 Cr through 3,75,000 fully convertible warrants at ₹482 per share

    This capital infusion enhances liquidity, supports working capital requirements, and empowers the company to scale operations across new sectors and geographies, reinforcing investor confidence in Sathlokhar’s long term vision.

    Future Direction

    • Geographical Expansion: Strengthen presence across southern and western India, with a growing footprint in Andhra Pradesh, Karnataka, and Maharashtra.

    • Sectoral Diversification: Deepen presence across industrial, commercial, institutional, and healthcare infrastructure projects.

    • Sustainable Infrastructure: Expand solar EPC and energy efficient design capabilities as part of a broader green infrastructure strategy.

    • Digital and Operational Efficiency: Adopt advanced ERP systems and site automation tools to improve cost control, tracking, and execution speed.

    • Global Client Relationships: Continue to attract global manufacturing clients from Japan, Taiwan, and Europe through quality, speed, and reliability.

    • Governance and Transparency: Strengthen corporate governance, ESG practices, and investor communication in line with its listed status.

    On the performance of H1 FY26, Mr. G. Thiyagu, Managing Director of Sathlokhar Synergys E&C Global Limited said, “The first half of FY26 has been transformative for Sathlokhar, marked by record order inflows, marquee client additions, and enhanced credit standing. Importantly, this period also marks the completion of one year since our listing on the stock exchange a milestone that reflects how far we have come in a short span. Since the IPO, the company has grown exponentially in scale, client base, and execution capabilities, solidifying our position as one of India’s fast emerging EPC players.

    With a strong execution pipeline and diversified capabilities, we are well positioned to deliver sustainable growth while maintaining operational discipline. Our focus remains on strengthening client trust, expanding geographically, and delivering turnkey EPC solutions that embody quality, efficiency, and innovation.”

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  • Oben Electric to Open 10 New Showrooms Across Gujarat in 2026

    Oben Electric to Open 10 New Showrooms Across Gujarat in 2026

    Ahmedabad (Gujarat) [India], October 17:  Oben Electric, India’s homegrown, R&D-driven electric motorcycle manufacturer, today announced its expansion plans for Gujarat, with 10 new showrooms and service centers set to open in 2026 across Ahmedabad and key cities including Vadodara, Surat, Rajkot and Jamnagar. The expansion follows the strong customer response to Oben Electric’s next-generation city commuter, the Rorr EZ Sigma, which has emerging as a preferred choice among daily riders seeking performance, reliability, smart features, and a sporty design.

    Oben Electric currently operates a showroom in Memnagar, Ahmedabad, featuring an Oben Care service centre with platinum-certified technicians. The company’s growing retail presence underscores its commitment to making premium commuter electric motorcycles easily accessible to customers across India.

    Speaking at a media session at Oben’s Memnagar showroom, Mr. Sagar Thakkar, Co-Founder & CPO, Oben Electric, said, “The positive response we have received for Rorr EZ Sigma reinforces our belief that urban commuting is evolving towards electric motorcycles designed to meet the needs of daily commuters.  Rorr EZ Sigma delivers effortless performance and the right balance of power, practicality, and connectivity for everyday riding. The encouraging response from customers in Gujarat has further strengthened our commitment to expand across key cities like Vadodara, Surat, Rajkot and Jamnagar, as we work towards making EV motorcycles more accessible for riders across the country.”

    The Rorr EZ Sigma, priced from ₹1.29 lakhs, comes in 3.4 kWh and 4.4 kWh variants, offering up to 175 km range, three ride modes—Eco, City, Havoc—and a top speed of 95 km/h. Its patented LFP battery ensures 50% higher heat resistance and 2x lifecycle, while features like reverse mode, a 5-inch TFT display with navigation and smart alerts, and an ergonomic seat enhance daily commuting. Bookings start at ₹2,999; Rorr EZ Sigma is also available on Amazon and Flipkart with additional card discounts.

    To celebrate the festive season, Oben Electric’s Mega Diwali Utsav offers customers benefits worth up to ₹35,000. This includes a ₹20,000 launch discount already factored into the pricing, cashback of up to ₹10,000, an assured gold coin with every purchase, and a chance to win the latest iPhone. Beyond Ahmedabad, Oben Electric has 50+ showrooms nationwide, including Karnataka, Maharashtra, Delhi, Jaipur, Amritsar, Hyderabad, Kochi, and Lucknow, and is on track to reach 150 showrooms and service centres by FY-end.

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  • Emerald Finance’s Net Profit Grows by 120 Percent YoY in H1 FY26

    Emerald Finance’s Net Profit Grows by 120 Percent YoY in H1 FY26

    Mumbai (Maharashtra) [India], October 16: Emerald Finance Limited (BSE: EMERALD), is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA)in India, announced its Unaudited Financial Results for Q2 FY26 & H1 FY26.

    Q2 FY26 Key Standalone Financial Highlights

    • Total Income of ₹ 4.89 Cr, YoY growth of 66.21%

    • EBITDA of ₹ 4.37 Cr, YoY growth of 78.53%

    • Net Profit of ₹ 2.98 Cr, YoY growth of 106.98%

    • EPS of ₹ 0.86, YoY growth of 95.90%

    Q2 FY26 Key Consolidated Financial Highlight

    • Total Income of ₹ 6.91 Cr, YoY growth of 37.85%
    • EBITDA of ₹ 5.42 Cr, YoY growth of 54.80%
    • Net Profit of ₹ 3.60 Cr, YoY growth of 75.47%
    • EPS of ₹ 1.04, YoY growth of 66.13%

    H1 FY26 Key Standalone Financial Highlight

    • Total Income of ₹ 9.63 Cr, YoY growth of 76.78%

    • EBITDA of ₹ 8.34 Cr, YoY growth of 90.31%

    • Net Profit of ₹ 5.61 Cr, YoY growth of 120.61%

    • EPS of ₹ 1.62, YoY growth of 107.61%

    H1 FY26 Key Consolidated Financial Highlight

    • Total Income of ₹ 13.65 Cr, YoY growth of 45.04%
    • EBITDA of ₹ 10.37 Cr, YoY growth of 60.79%
    • Net Profit of ₹ 6.79 Cr, YoY growth of 80.56%
    • EPS of ₹ 1.96, YoY growth of 70.73%

    Comment on Financial Performance Mr. Sanjay Aggarwal, Managing Director of Emerald FinanceLimited said, “Q2 FY26 has been another strong quarter for Emerald Finance, reflecting sustained growth momentum across our key business segments. We have onboarded 145 corporates on our Earned Wage Access platform till date and successfully launched the ‘Emerald EWA’ mobile app on Google Play, further enhancing digital accessibility for our corporate partners and their employees. Our gold loan syndication business continued to gain strong traction, achieving disbursements of ₹115 + crore during Q2 FY26. This reflects the growing confidence of our partners and the scalability of our asset-light, technology-driven model.

    India’s financial ecosystem continues to experience strong tailwinds, supported by digital adoption, rising formal credit penetration, and policy-driven inclusion initiatives. NBFCs and fintechs are at the forefront of this evolution, and Emerald is well positioned within this landscape through its technology-led, asset-light model and inclusive financial approach.”

    Q2 FY26 Key Business Highlights

    EWA App Launch • Launch: ‘EMERALD EWA’ on Google Play

    • Access: For registered company and their employees only

    • Purpose: Boosts digital services for corporate partners and their employees

    Gold Loan Disbursement • Disbursement: Gold Loans of ₹115+ Cr in this quarter

    • Entities: Emerald Finance Limited & subsidiary Eclat Net Advisors Private Limited

    • Business: Under syndication business

    Corporates Onboarded for EWA • Onboarding: 145 corporates onboarded as of now

    • Employee Benefit: Employees can access a portion of earned salary anytime

    • Repayment: Recovered through salary deductions

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  • Sathlokhar Synergys E&C Global Limited Secures INR 35.61 Cr Repeat Order from Reliance Consumer Products; Order Book at INR 1,252.16 Cr

    Sathlokhar Synergys E&C Global Limited Secures INR 35.61 Cr Repeat Order from Reliance Consumer Products; Order Book at INR 1,252.16 Cr

    Chennai (Tamil Nadu) [India], October 17: Sathlokhar Synergys E&C Global Limited (NSE: SSEGL), Sathlokhar Synergys E&C Global Limited, one of Chennai’s leading EPC players specialising in integrated infrastructure solutions, has announced the receipt of a new order valued at ₹35.61 Cr (including GST).

    Order Details

    ❖ Client: M/S. Reliance Consumer Products Limited, a subsidiary of Reliance Industries Limited, engaged in the production of CAMPA COLA beverages.

    ❖ Scope of Work: Execution of additional PEB works at Brahmanapalli Village, Kurnool District, Andhra Pradesh, India.

    ❖ Contract Value: ₹35.61 Cr (including GST)

    ❖ Execution Timeline: Completion targeted for March 2026.

    This marks the second order from the same client, following a previous contract worth ₹338.36 Cr (including GST) for civil and PEB works. With this new addition, the company’s total work order book now stands at ₹1,252.16 Cr (excluding GST), to be executed over the next 6 to 10 months.

    The company continues to strengthen its foothold across industrial, FMCG, healthcare, and infrastructure sectors, backed by an expanding client base and a strong track record of timely project execution. A healthy order pipeline exceeding ₹13,000 Cr across active bids further enhances growth visibility and reinforces confidence in sustained business momentum.

    Execution momentum is expected to accelerate during the latter half of the financial year, consistent with the company’s project delivery patterns. Backed by repeat client confidence, a growing order book, and disciplined project management, Sathlokhar Synergys E&C Global Limited is well positioned to sustain its growth trajectory and deliver consistent performance in the coming fiscal years.

    On the receipt of the orders, Mr. G. Thiyagu, Managing Director of Sathlokhar Synergys E&C Global Limited said, “We are delighted to secure yet another order from M/s Reliance Consumer Products Limited, a subsidiary of Reliance Industries Limited. This repeat engagement reaffirms the client’s trust in our reliability, technical expertise, and consistent delivery standards. Such continued collaborations highlight the confidence our partners place in our ability to deliver complex projects on time and to the highest quality benchmarks.

    With this order, our total confirmed order book has risen to ₹1,252.16 Cr (excluding GST), providing robust visibility for the coming quarters. Our tender pipeline, valued at over ₹13,000 Cr, spans key sectors including industrial, FMCG, logistics, and infrastructure, offering a strong foundation for future growth.

    We remain focused on maintaining execution excellence, fostering long-term client relationships, and driving sustainable expansion. The continued confidence of repeat clients like Reliance Consumer Products Limited is a testament to our commitment to performance, precision, and partnership-driven growth.”

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  • H1 FY26 Business & Operational Update

    H1 FY26 Business & Operational Update

    Mumbai (Maharashtra) [India], October 17: Utssav CZ Gold Jewels Limited (“Utssav” or “the Company”) (NSE – UTSSAV), a leading manufacturer of 18K, 20K, and 22K lightweight and CZ gold jewellery, reported strong revenue growth of over 65% year-on-year in the first half of FY26. driven by robust domestic demand and consistent export performance.

    The Company’s continued focus on innovative, design-led collections including festive launches for Dussehra, Dhanteras, and Diwali helped strengthen customer engagement and brand positioning. Utssav also expanded its product offering by foraying into natural and lab- grown diamond jewellery in 18K and select 14K purity.

    Domestically, Utssav expanded its presence to 17 states, with deeper penetration in South and West India, and new market entries in Punjab, Haryana, and Eastern regions. Each client engagement is supported by variety of latest designs, reinforcing Utssav’sposition as a preferred B2B partner for differentiated jewellery collections.

    Internationally, the UAE emerged as a key export hub, supporting Utssav’s growing footprint across the GCC. The Company continues to pursue international growth through distributor partnerships and global exhibitions, with expanding reach into Singapore, and Malaysia.

    With a strong design pipeline, expanded capacity, and a growing client base, Utssav enters H2 FY26 well-positioned to sustain its growth momentum and further strengthen its leadership in the design-driven jewellery manufacturing space.

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  • Nomoex Expands Ecosystem With USD 20 Million Innovation Fund — Launches Nomoex Labs

    Nomoex Expands Ecosystem With USD 20 Million Innovation Fund — Launches Nomoex Labs

    Nomoex launches Nomoex Labs with a $20M fund to support global blockchain and AI startups

    Bengaluru (Karnataka) [India], October 16: Nomoex, one of the fastest-growing names in the global Web3 landscape, has announced the launch of Nomoex Labs, an accelerator and venture capital arm focused on empowering blockchain and AI startups across the world.

    The company has unveiled plans for a $20 million innovation fund, which will be raised and invested over the next 2–3 years to accelerate the adoption of decentralized technologies and digital ownership. The initiative marks a major milestone in Nomoex’s transition from a crypto exchange into a full-fledged Web3 ecosystem.

    Nomoex is supported by MBT VenturesAdyton Ventures, and IBC Group, led by global investor Mario Nawfal, underscoring the growing international confidence in Nomoex’s long-term mission to build a borderless, scalable, and inclusive decentralized economy.

    With the launch of Nomoex Labs, the ecosystem aims to support high-potential founders building in blockchain, decentralized cloud, and AI infrastructure. The program offers a combination of funding, mentorship, and access to the Nomoex network, which spans over 2 million members across its partner communities worldwide.

    Startups accepted into the accelerator will gain access to up to $100,000 in seed funding, liquidity and exchange support, and hands-on guidance from industry experts. They’ll also be able to deploy directly on Nomoex’s Layer-2 blockchain — a fast, secure, and cost-efficient network built to power decentralized applications at scale.

    Founded by Abhishek Mahto, Nomoex started as a centralized exchange and has evolved into a multi-dimensional ecosystem designed to make Web3 adoption simple and accessible. Under Mahto’s leadership, Nomoex has built a growing footprint across India, Poland, and Singapore, backed by a strong network of partners and investors.

    The Nomoex Ecosystem now includes:

    • Nomoex Exchange: A user-friendly platform offering trading, staking, and liquidity programs.
    • Nomoex Token ($NOMOX): The native utility token powering ecosystem rewards and governance.
    • Nomoex Layer-2 Blockchain: A high-performance chain supporting real-world decentralized applications.
    • Nomoex Labs: The new accelerator and venture arm driving innovation across Web3 and AI startups.

    Commenting on the launch, Abhishek Mahto, Founder and CEO of Nomoex, said:

    “We’re building more than a fund — we’re building a movement for the next generation of Web3 creators. Over the next 2–3 years, our $20 million innovation fund will back founders who are solving real problems using blockchain and AI. Nomoex Labs, together with our Layer-2 blockchain, will serve as their launchpad into the global decentralized economy.”

    Mahto, recognized among India’s top emerging entrepreneurs, has long championed the idea of “crypto made simple”, emphasizing accessibility, transparency, and sustainable growth.

    Through Nomoex Labs, the company plans to back projects in AI-powered finance, decentralized cloud systems, tokenized assets, and digital identity, helping startups move from concept to market-ready products. By combining funding with real infrastructure and community access, Nomoex aims to remove the barriers that early-stage founders often face.

    “Our goal is to create an ecosystem where founders don’t just raise capital — they find partners, users, and long-term growth,” added Mahto. “With MBT Ventures, Adyton Ventures, and IBC Group backing us, we’re positioned to shape the next wave of global blockchain innovation.”

    Nomoex is a global Web3 ecosystem building the foundation for the future of finance through its Layer-2 blockchain, exchange, and venture accelerator. Backed by MBT VenturesAdyton Ventures, and IBC Group (led by Mario Nawfal), Nomoex empowers founders, developers, and investors to collaborate in building a transparent, high-performance decentralized future.

    Website: www.nomoexlabs.com

    If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.

  • Electric Car Insurance Trends You Should Know In 2025

    Electric Car Insurance Trends You Should Know In 2025

    Mumbai (Maharashtra) [India], October 16: EVs will quickly become the means of transportation in the future. They are no longer a niche choice. As their fame grows, so does the need for insurance plans that meet their specific needs.

    EVs have unique parts, more advanced technology, and higher fixed costs than regular cars. This means that insurance trends in 2025 will differ significantly from those in earlier years.

    If you want to buy a new car insurance policy for your EV or change an old one, knowing these trends will help you make better choices and get better coverage.

    Rise in Tailored EV Insurance Plans

    Certain types of insurance plans are now available just for electric cars. These plans consider risks unique to EVs, such as having to repair the battery, damage to the charging equipment, and software problems.

    Why is this important in 2025?

    • There are more EVs on the road, and standard auto insurance doesn’t cover everything anymore.

    • Policies now cover emergency aid specifically for electric vehicles, which includes help with charging your phone.

    • The battery cover is an important part that costs a lot to repair.

    Choosing a comprehensive car insurance plan covering electric vehicles will protect the hardware and software.

    Impact of Advanced Driver Assistance Systems (ADAS)

    Some of the ADAS features that come with most new EVs are lane-keeping assist, adaptive speed control, and impact warning. Damage to these systems is expensive to fix, but they lower the number of accidents.

    Important things to know in 2025:

    • For ADAS calibration, you need expert companies, which raises the cost of repairs.

    • Some insurance companies may lower the rates of cars with active safety features.

    • Claim evaluations sometimes use data from ADAS devices.

    People looking for new car insurance for EVs will often find that plans that consider ADAS benefits offer better price rates.

    Shift Towards Usage-Based Insurance (UBI)

    With usage-based insurance, your rates are based on how far you drive, how often you use your car, and your driving habits. More and more EV users in 2025 like this trend.

    Why UBI is good for EV drivers:

    • Lower rates for drivers who don’t put on many miles.

    • Data on how people drive supports safer habits.

    • To get exact tracking, connect to EV telematics platforms.

    You can now choose to add UBI to a lot of different types of comprehensive car insurance. These make them more useful for EV drivers who only go short distances in cities.

    Growing Importance of Battery Health Coverage

    The most expensive part of an electric car is the battery. In 2025, more and more insurance plans will include battery health terms.

    Keep an eye on these trends:

    • Comprehensive coverage for full replacements in the event of flaws in the quality or damage caused by an accident.

    • Cover some of the loss in value of older batteries.

    • To include coverage for damage that happens during charging or power spikes.

    When buying new car insurance, ensure the contract clarifies how much it costs to repair the battery and how it depreciates.

    Inclusion of Charging Infrastructure Protection

    Public and home charging sites are now essential to owning an EV. Insurance companies are starting to understand how important it is to protect these things.

    Features of coverage in 2025:

    • Damage caused by crashes, fires, or theft.

    • Protects home chargers from power surges.

    • Cover for liability in case of accidents at public charging points.

    EVSE (Electric Vehicle Supply Equipment) coverage is now an add-on to many comprehensive car insurance plans, giving drivers peace of mind for charging stations at home and work.

    Regulatory Push for Green Vehicle Incentives

    Tax breaks, grants, and green insurance programs are ways governments are trying to get people to buy EVs.

    What does this mean for EV insurance?

    • Fewer third-party fees for cars that don’t emit any pollution.

    • Speed up the approval process for green-certified cars’ claims.

    • Insurance companies and EV makers can work together to offer group deals.

    When you buy new car insurance from a company that supports green policies, you can often get better prices and extra benefits.

    Rise in Repair Costs and Skilled Labour Demand

    To fix an EV, you usually need special tools and experts who know how to work with high-voltage systems.

    Why is this important in 2025?

    • The cost of labour to fix an EV is usually higher.

    • Repair times go up when there are fewer approved businesses.

    • For insurance reasons, OEM parts are more often used.

    Because electric vehicle fixes can cost much more than petrol or diesel vehicle repairs, comprehensive car insurance is crucial.

    Growing Demand for Cybersecurity Coverage

    Cyber risks are now a real worry as EVs become more and more linked.

    What’s different in 2025:

    • Policies that cover hacker efforts that stop vehicles from working.

    • Safety against stealing information from devices in cars.

    • Payment for being unable to work because of ransomware.

    Cybersecurity may be offered as a standard feature of new car insurance for EVs or as an extra that can be purchased.

    Integration of Renewable Energy Benefits in Policies

    Some people who own EVs charge them with solar panels. Insurance companies are becoming aware of these eco-friendly actions.

    Possible advantages:

    • Discounts on premiums for charging with green energy.

    • Coverage for solar equipment that is connected to charging electric vehicles.

    • There are special plans for families with more than one EV.

    Comprehensive car insurance plans with green energy add-ons are a cheap way to protect yourself if your solar-assisted charging system fails.

    EV Insurance Bundled with Manufacturer Services

    Insurance companies and automakers work together to offer deals when buying new cars.

    Good things for buyers:

    • Easy authorisation of policies at the store level.

    • Coverage built by the maker just for electric vehicles.

    • Longer guarantees that come with insurance perks.

    Some comprehensive insurance plans include these packaged plans that save time and work better with the technology in the car.

    Increasing Role of Artificial Intelligence in Claims

    AI is changing the way that insurance cases are handled in 2025.

    Important changes:

    • Using AI to analyse accidents will speed up the approval process.

    • Tracking claims in real time through mobile apps.

    • Using data algorithms to find fraud.

    New car insurance policies incorporating AI claim management speed up payments and enhance openness.

    Conclusion

    In 2025, electric car insurance will change to keep up with the fast pace of technological changes and the auto business environment. Policies are becoming more personalised, flexible, and tech-driven, with AI-powered features like battery-specific security and claims.

    Staying current on these trends ensures better safety, lower costs, and peace of mind, whether purchasing new car insurance for your first EV or upgrading to a comprehensive one with advanced add-ons.

    EV insurance isn’t just about covering risks; it’s also about making transportation smart, connected, and environmentally friendly.

    FAQs

    1. Are electric car insurance costs higher than those for petrol or diesel cars?

    Not all the time. Even though EVs can be more expensive to fix, many insurance companies offer discounts and other benefits, which help balance out the higher rates.

    1. Can I move my insurance contract to an EV if I already have one?

    Most insurance companies let you move your policy, but you might need to change the coverage to include parts unique to electric vehicles, like the battery and charging equipment.

    1. Does EV insurance cover the loss of power as the battery ages?

    Specific plans may cover accidental harm, manufacturing flaws, and performance-related failures, but most policies do not cover normal battery wear.

    Disclaimer: The above information is for illustrative purposes only. For more details, please refer to the policy wordings and prospectus before concluding the sales.

    If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.