Category: Business

Agra (Uttar Pradesh) [India], August 6: In today’s fast-paced fashion world, where trends dominate and quality often fades, Hautton stands firm as a brand built on timeless values. With a focus on refined elegance, premium craftsmanship, and thoughtful design, Hautton delivers men’s and women’s lifestyle products that go beyond style—they offer identity.

Founded by entrepreneur Kushal Taneja, Hautton was created with a single belief: true luxury doesn’t shout—it whispers with impact. Under Prak Overseas, and promoted via Prakonlinestores, the brand reflects a quiet revolution in fashion. It is for those who aim to lead, not follow.

The Digital-First Vision

Hautton is proudly digital-first. In an era where many still depend on traditional retail, Hautton believes in the power of online selling, giving customers easy access to premium products across India and beyond. The brand thrives on quality, service, and consistency rather than retail flashiness.

Its digital presence through www.prakonlinestores.com and social media (@prakonlinestores) has built a loyal audience of style-conscious customers who value authenticity.

Genuine Leather at Its Finest

Hautton’s strength lies in its exceptional use of premium genuine leather. From footwear to bags and accessories, every product is designed to last, both in style and structure. The leather is carefully sourced, ethically processed, and handcrafted by skilled artisans to meet international standards.

Footwear That Walks the Talk

Hautton’s shoe collection is a cornerstone of the brand. Whether you’re dressing for business or leisure, Hautton offers leather shoes that fit the lifestyle of the modern man.

    •    Formal Shoes: Sleek, polished, and office-ready.

    •    Loafers & Casuals: Ideal for off-duty refinement.

    •    Leather Sandals & Slippers: Made for everyday comfort with an elegant edge.

    •    Boots: Durable, stylish, and versatile.

Each pair is built with cushioned insoles, fine soles, and breathable materials—crafted for both function and flair.

Bags with Purpose and Personality

Hautton’s range of leather bags combines utility with premium aesthetics. Whether you’re commuting to work or heading on a weekend trip, these bags make a lasting impression.

For Men:

    •    Laptop Bags: Sleek and spacious for professionals.

    •    Messenger Bags: Practical and modern.

    •    Travel Duffels: Smart and sturdy for short trips.

    •    Crossbody Bags: Minimal and mobile.

For Women:

    •    Handbags: Sophisticated yet functional.

    •    Tote Bags: Spacious, stylish, and multi-use.

    •    Slings & Clutches: For everyday or occasion wear.

All bags reflect attention to detail with high-quality zippers, elegant interiors, and durable finishes.

Accessories That Complete the Look

Hautton began with wallets and belts and continues to excel in these categories. These essentials are far from basic—they’re thoughtful, stylish, and built to last.

    •    Wallets: Bi-folds, tri-folds, and zip wallets with RFID safety.

    •    Belts: Formal, casual, reversible—crafted in genuine leather with refined buckles.

Each product is slim, practical, and symbolic of the brand’s core philosophy: elegance without excess.

Design Meets Responsibility

Hautton takes pride in combining fashion with values. All products are designed in India and made using eco-conscious, cruelty-free methods. Packaging is minimal and recyclable. The brand stands by slow fashion, aiming for sustainability rather than mass production.

Hautton isn’t just offering products—it’s offering a better way to consume fashion, where quality replaces quantity, and longevity replaces trends.

Made in India, Designed for the World

Hautton proudly carries the ‘Made in India’ tag. But the design language is global—balancing traditional Indian craftsmanship with modern European aesthetics. The brand has positioned itself to appeal not just to Indian consumers, but also to global buyers who appreciate heritage merged with innovation.

With growing interest from international markets, Hautton is preparing to scale its presence beyond India through cross-border e-commerce and curated global campaigns.

The Hautton Man & Woman

Hautton doesn’t cater to a mass audience. It caters to the few who understand what it means to be well-dressed without being loud. Whether it’s a man heading to a boardroom or a woman walking into a brunch meeting, Hautton products support their presence.

These are professionals, creators, thinkers—people who value quality and show it not through labels, but through detail and taste.

Founder’s Vision: Kushal Taneja

Hautton’s steady rise is rooted in the vision of Kushal Taneja, a businessman, content creator, and brand strategist. With his belief in long-term trust over short-term hype, he has positioned Hautton as a brand of consistency, dignity, and digital strength.

Kushal says:

“Hautton is about creating products that become part of someone’s daily life, without losing meaning or charm. We’re here to build a quiet legacy, not chase noise.”

His hands-on leadership ensures that every product, campaign, and customer experience aligns with Hautton’s philosophy.

Customer-Centric, Always

From design to delivery, Hautton puts customers first. The brand offers:

    •    Fast, reliable shipping across India

    •    Responsive customer support

    •    Easy returns and replacements

    •    Ongoing product innovations based on feedback

Hautton isn’t a distant brand—it listens, adapts, and evolves with its audience.

What’s Next for Hautton

Hautton is growing responsibly, with exciting launches ahead:

    •    Hautton Luxe: Limited edition leather goods

    •    Personalized accessories: Custom initials, finishes

    •    Grooming line for men (under development)

    •    Ethnic-modern fusion designs with Indian artisans

    •    International availability via select platforms

These steps aim to deepen customer loyalty and expand Hautton’s impact globally.

In Conclusion: Hautton Is a Lifestyle, Not a Label

Hautton stands for more than fashion. It stands for self-respect, quiet confidence, and lasting impression. For those who understand that real luxury is how something makes you feel—not just how it looks—Hautton is not just a brand, it’s a way of living.

Explore the Collection

? Website: www.prakonlinestores.com

? Instagram: @prakonlinestores

? For Press – hautton.prakonlinestores@gmail.com

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New Delhi [India], August 7:  iCODEX Publishing Solutions, company engaged in the business of Software Product Development for Scholarly Publishing, is planning to raise up to Rs. 42.03 crore from its SME public issue. The company has received approval to launch its public issue on SME Platform of the Bombay Stock Exchange. The public issue opens for subscription on August 11 and closes on August 13. The Proceeds of the public issue will be utilised towards purchase of new office premises and hardware, for working capital requirements, for general corporate purposes and offer for sale. Indcap Advisors Private Limited is the sole book-running lead manager of the issue.

Highlights:-

• Issue opens for subscription from August 11 to August 13
• The company is engaged in the business of Software Product Development for Scholarly Publishing
• Minimum lot size for application is 2400 shares; Minimum IPO application amount is Rs. 2.35 lakh on lower side of the price band
• For FY24-25 company reported revenue of Rs. 22.08 crore and Net Profit of Rs. 8.96 crore
• Indcap Advisors Pvt. Ltd. is the book-running lead manager of the issue

The initial public offering of up to 41,20,800 equity shares of face value Rs. 10 each comprises of fresh issue of up to 31,89,600 equity shares and an offer for sale of up to 7,24,800 equity shares. Balance 2,06,400 equity shares are reserved for Market Maker. Company has fixed price band of Rs. 98-102 per equity share for the public issue. With the lot size of 1200 shares, the minimum lot size for retail investors is 2400 shares, amounting to a minimum investment of Rs. 2,35,200 at lower price band and at Rs. 2,44,800 at higher price band. The minimum lot size investment for HNI is 3 lots (3600 shares), amounting to Rs 3,67,200 at cap price. Shareholding will increase from 1,22,41,020 shares pre-issue to 1,56,37,020 shares post-issue.

The company plans to utilise the fund towards various purposes. Rs 16.70 crores will be utilised towards the purchase of new office premises, whereas Rs 1.12 crores will be utilized to purchase hardware for new office. Rs 5.20 crores will be spent on Working Capital Requirement. Incorporated in 2018, iCODEX Publishing Solutions Limited is engaged in the business of Software Product Development for Scholarly Publishing.

The company develops software products that assist in publishing research papers and academic articles, supporting the entire process from manuscript preparation to print and digital content distribution.

The company offers Business Process Management services, including quality assurance, editorial services, and back-end support, to assist global publishing clients throughout the publishing process. The company offers IT support services which includes installation of all kinds of hardware and peripherals and back-end support.

The company has strong expertise in the publishing domain and is led by an experienced team. It has built strong customer relationships and offers complete publishing solutions. The company’s business is driven by technology, making its services efficient and reliable.

As of June 30, 2025, the company has 116 employees.

Business Highlights:-

The company’s revenue from operations for the Fiscal 2025 & Fiscal 2024, respectively, was Rs. 21.87 crores & Rs. 10.40 crores, a Y-o-Y increase of 110%. EBIDTA for Fiscal 2025 & Fiscal 2024 was Rs. 13.43 crore & Rs. 4.26 crore respectively. Profit after tax for the Fiscal 2025 & Fiscal 2024 was Rs. 8.96 crore and Rs. 4.40 crore respectively, a Y-o-Y rise of 104%. The company’s PAT Margin was 40.56% and EBITDA Margin was 61.39% for FY25.

As of March 2025, the Net Worth of the company was reported at Rs. 19.05 crore. As of March 2025, the ROE of the company was 47.51%, ROCE at 110.07% and RoNW at 47.02%. Shares of the company will be listed on the BSE SME platform.

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Mumbai (Maharashtra) [India], August 7: Asahi India Glass Ltd. (AIS), India’s leading integrated glass and window solutions company, is proud to announce the launch of the 7th edition of its national-level design competition -AIS Design Olympiad (ADO) 2025–26. It is open to architecture students across institutions in India. With registrations now open, ADO continues to serve as a dynamic platform for the next generation of architects to showcase their creativity and vision.

In line with its mission to bridge the gap between academic learning and professional practice, ADO 7.0 invites architecture students across India to reimagine the modern workplace through the lens of sustainability and innovation. This year’s theme – “Designing Sustainable Façades for Smarter, Greener Workspaces” – challenges students to design intelligent building façades that enhance performance, support occupant well-being, and adapt to the evolving environmental landscape.

The competition is open to undergraduate students from the 3rd to 5th year of all architectural colleges in India.

Speaking about the initiative, Mr. Vikram Khanna, COO – Consumer Glass & Architectural Institutional Business and CMO – AIS, said, “At AIS, we recognize the growing importance of sustainable design, and through ADO 7.0, we aim to instil this consciousness among future architects. Participants are encouraged to explore new materials, advanced construction techniques, and emerging technologies—pushing the boundaries of conventional design to create efficient, future-ready structures. This competition is not just about design excellence; it’s about fostering an understanding of responsible building practices, technical precision, and human-centric innovation.’’

Curated by acclaimed architects Ar. Vivek Bhole, Principal, Vivek Bhole Architects Pvt. Ltd. (VBA), Mumbai. and Ar. Karl Wadia, Design Principal, Hafeez Contractor, Mumbai, who also serve as national jury members, ADO follows a rigorous multi-stage evaluation process. Every entry is reviewed by a distinguished panel comprising some of India’s most respected architects at both regional and national levels. Beyond competition, ADO is a holistic learning experience – students gain valuable mentorship from industry leaders and develop an early understanding of real-world architectural challenges.

Ar. Vivek Bhole, remarked, “Architecture has the profound ability to shape the way we live, work, and interact with the world around us. In the face of climate urgency and evolving work culture, the responsibility of architects extends beyond form and function—it is about creating regenerative spaces that inspire and perform. ADO 7.0 inspires the students to challenge conventional boundaries, rethink façades as more than enclosures, and design them in a manner that fosters collaboration, creativity, and sustainability.”

Ar. Karl Wadia, added, “A truly net-zero green workspace is more than just an efficient shell – it is a living, breathing ecosystem that nurtures innovation, well-being, and sustainability. As architects, we have the power to redefine façades — transforming them from static envelopes into dynamic contributors to energy efficiency, daylight optimization, and user comfort. With ADO 7.0, students of architecture step into the future, embracing new possibilities to create workspaces that don’t just function — they inspire.’’

Registrations close on 30th November 2025.

For complete details and to register, visit: www.aisglass.com/ado

About Asahi Glass India (AIS)

AIS is India’s leading integrated glass and windows solutions company. It provides end-to-end solutions to the customers right from manufacturing, processing, fabrication and installation. It is a sand-to-solutions organization offering varied glass products and solutions for the industrial as well as end customers in the domestic and international markets. AIS strictly adheres to the stringent quality norms of both the global and domestic OEMs and follows all Indian and International quality standards.

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New Delhi [India], August 7: Mohan Electro Casting, under the Aegis of Mr. Anshul Garg Mohan, has launched a heartfelt Corporate Social Responsibility (CSR) initiative aimed at supporting the education and well-being of young girls in Delhi. The company has distributed 600 warm sweaters along with pairs of socks to 600 girls studying in Delhi government schools.

This impactful initiative was carried out in collaboration with The Akshaya Patra Foundation, a nationwide organization dedicated to addressing child hunger and promoting education.

The distribution event took place earlier this week, ensuring that these young students are better prepared to face the chilly winter months ahead. By providing essential winter clothing, Mohan Electro Casting is not only helping to keep these girls warm but also encouraging their continued attendance and participation in school. This effort aligns closely with the company’s commitment to giving back to the community and supporting the education of underprivileged children.

Anshul Garg Mohan, the driving force behind this initiative, said, “At Mohan Electro Casting, we believe that education is the cornerstone of a better future. By partnering with The Akshaya Patra Foundation, we hope to remove barriers that prevent children from learning comfortably. Distributing sweaters and socks is a small gesture, but it can make a big difference in a child’s life, especially during the cold season. We are proud to contribute to nurturing the next generation of leaders and changemakers.”

The Akshaya Patra Foundation expressed gratitude for the support, emphasizing that such collaborations are vital in their mission to provide a conducive environment for children’s education and growth. This initiative marks another step forward in Mohan Electro Casting’s ongoing CSR programs, reflecting its dedication to social responsibility and community empowerment.

About Mohan Electro-Casting Private Limited:

Mohan Electro Casting is a leading manufacturer & engineering company specializing in high quality Heavy Steel Casting products. Committed to innovation, excellence, and community welfare, the company actively engages in CSR efforts to uplift society and foster sustainable development.

About The Akshaya Patra Foundation:

The Akshaya Patra Foundation is a non-profit organization committed to eliminating classroom hunger by providing nutritious mid-day meals to millions of children across India, thereby supporting education and health.

For further event pictures. Follow the Link:

https://www.mepl-mmw.com/support-the-delhi-govt-school-girls-students.php

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Mumbai (Maharashtra) [India], August 7: Manzil Asset Management , which manages over $500 million in global real estate assets, successfully hosted the inaugural edition of Manzil Majlis—a private UAE-focused investment summit—on August 2, 2025, at The Bay Club, BKC, Mumbai.

Unlike traditional real estate expos, Manzil Majlis is positioned as a closed-door, education-first initiative, bringing together a carefully curated audience of over 250 attendees. The summit featured a unique mix of Indian UHNIs, HNIs, family offices, venture capitalists, private equity partners, wealth advisors, and entrepreneurs, offering a strategic platform to decode the evolving dynamics of investing in Dubai’s real estate and business ecosystem.

Departing from transactional showcases, the event featured in-depth, closed-circle sessions with senior policymakers from Dubai, international legal and tax experts, and top-tier developers including Damac, Binghatti, and One Development. Notably, over 15 developers from Mumbai and Pune also attended, exploring opportunities to scale their operations into the UAE market.

The summit emphasized practical frameworks for international investment, focusing on five key themes:

• Understanding Dubai’s rental yield cycles and resale market
• Golden Visa eligibility and long-term migration strategies
• Legal structuring using SPVs and international holding companies
• Leveraging India’s LRS (Liberalised Remittance Scheme)
• Accessing fractional ownership, distressed assets, and off-market deals

The speaker roster featured notable names such as: Saagar Panchal, CEO & Founder, Manzil Asset Management; Sanjay Manchanda, former CEO of Nakheel; Ashish Mehta, Legal expert and Managing Partner, Ashish Mehta & Associates; CA Sarthak Ahuja, CFO, Author & Leading Financial Expert; Prateek Tosniwal, international tax and structuring advisor; Pratik Singh, GM, Manzil Asset Management; Cornelia Pintilie, CSO, Manzil Asset Management; Rashed Al-Tamimi, Director, Investment Sales & Partnerships;  Chintan Vasani, Director at B D Vasani & Co. and Rajat Kaura, Creative Director, Manzil Asset Management.

According to Saagar Panchal, the vision for Manzil Majlis is long-term. “This is not a one-time gathering. Manzil Majlis is the entry point to a larger Manzil UAE Investment Circle—a private community that facilitates verified deal flow, migration services, and custom investment advisory for Indian capital looking to expand abroad.”

Highlighting comparative returns, he noted, “A Rs.2 crore property in Mumbai may offer Rs.4 lakh in annual rental income, while the same amount invested in Dubai often yields Rs.10–12 lakh annually—without the burden of direct taxation.”

Legal and tax experts at the summit addressed structural bottlenecks that have historically limited Indian investor access to global real estate markets. Prateek Tosniwal, International Tax Consultant, stated that the event is expected to generate investment commitments upwards of Rs.250 crore in Dubai over the coming months.

Rajat Kaura, Creative Director & Brand Advisor, Manzil Asset Management stated, “Manzil Majlis is the opportunity to be a part of an exclusive investment inner circle. It’s where discerning investors meet real data-centric strategy. For UHNIs, it’s a chance to tap into Dubai’s next wave of growth aligned to the growth strategy of the UAE. For us, it’s the start of building an IP that rewrites the playbook, where education, access, and asset intelligence converge. This isn’t hype. It’s legacy in motion.”

The broader investment sentiment echoed optimism. With Dubai’s prime real estate zones showing 20–30% year-on-year appreciation, and net tax-free rental yields between 7–10%, Indian investors are increasingly seeking institutional guidance for global portfolio diversification.

Speaking at the event, Cornelia Pintilie emphasized Dubai’s infrastructural growth, pointing to the new airport zone, upcoming economic hubs, and strong education ecosystem as catalysts for sustainable real estate demand. “Our model offers full-spectrum portfolio management—from asset selection and due diligence to post-possession rental support.”

Rashed Al-Tamimi highlighted Dubai’s safe environment, strong logistics, and welcoming business policies as key drivers for Indian interest. “We see Indian investors as partners in our long-term vision for regional growth,” he said.

Despite rising interest, experts cautioned that reliable advisory, transparency, and long-term servicing remain critical to capital deployment in overseas markets. Manzil Majlis aims to bridge this trust gap through a neutral, insights-driven format, equipping investors with not just options—but the right questions to ask and frameworks to adopt.

For additional details and upcoming initiatives, visit www.manzil.am

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Mumbai (Maharashtra) [India], August 7: Veefin Solutions Limited (BSE: VEEFIN | 543931), a leading global provider of working capital technology solutions, today announced that its Board has granted in-principle approval for the consolidation of its subsidiaries, Estorifi Solutions Limited (“Estorifi”) and GlobeTF Solutions Limited (“GlobeTF”), with the parent company by way of merger or such other means.

This marks a significant milestone in Veefin’s mission to create the world’s most comprehensive and scalable working capital technology platform. The move will bring all core product verticals—embedded finance, trade finance, digital lending, and cash management—under one integrated umbrella.

Creating Synergies Across a Unified Platform

Over the last year, Veefin has built a robust and interoperable financial ecosystem through organic growth and strategic acquisitions. Each business now complements the other, forming an end-to-end technology stack for financial institutions and corporates:

• Estorifi (operating PSBXchange) connects Corporates and SMEs onfintechs, marketplaces, and other non-financial platforms for their SCF, Trade finance and working capital needs to multiple Banks and NBFCs. This unified platform is a global-first, and will act as the common technology bridge for financial institutions.

• GlobeTF enhances Veefin’s capabilities by integrating transaction banking solutions, including trade finance and cash management, into a comprehensive transaction banking suite.

• Together, they complete Veefin’s vision of a modular, API-first infrastructure that supports the entire working capital lifecycle – from loan origination to collections, and from invoice automation to risk monitoring.

Speaking on the announcement, Mr. Raja Debnath, Chairman & Managing Director of Veefin Solutions Limited, said: “This consolidation marks a natural progression in our journey to build the world’s most comprehensive and scalable working capital platform. It simplifies our corporate structure and accelerates our long-term vision of creating the largest global working capital ecosystem. A unified structure empowers us to execute strategic priorities more efficiently – be it expanding recurring revenues, entering new markets, or unlocking cross-sell and upsell opportunities across our client base – ultimately reducing customer acquisition costs and increase in revenue”

Mr. Gautam Udani, COO & Whole-Time Director, added: “This proposed consolidation will unlock operating leverage and significantly enhance our product proposition. It gives us the agility to innovate faster, offer bundled solutions across supply chain, trade and embedded finance, and deliver a truly seamless experience to our clients.”

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Mumbai (Maharashtra) [India], August 7: Sawaliya Food Products Limited, a leading manufacturer of dehydrated vegetables and agro-based ingredients, is pleased to announce the successful subscription of its Anchor Investor portion ahead of the Company’s Initial Public Offering (IPO), which is set to open on Thursday, August 7, 2025.

The Company has allocated 8,19,600 equity shares at the upper price band of ₹120 per equity share, raising a total of ₹9.84 crore from prominent institutional investors. The robust participation in the anchor book signals strong institutional confidence in Sawaliya Food Products’ business model, financial performance, and future growth prospects.

Anchor Investors Allotted:

• Beacon Stone Capital VCC – Beacon Stone I – ₹5.39 Cr
• Craft Emerging Market Fund PCC – Elite Capital Fund – ₹2.45 Cr
• North Star Opportunities Fund VCC – Bull Value Incorporated VCC Sub-Fund – ₹2.00 Cr

The successful anchor participation underscores institutional interest in Sawaliya’s robust fundamentals, export-driven growth, and value-added food processing capabilities.

IPO Snapshot:

• Issue Size: ₹34.83 Cr (at upper band)
• Price Band: ₹114 – ₹120 per share
• Offer Opens: August 7, 2025
• Offer Closes: August 11, 2025
• Listing: NSE Emerge

The IPO comprises a Fresh Issue of 26.03 lakh equity shares and an Offer for Sale of 3 lakh equity shares. Net proceeds from the issue will be used for capital expenditure (new/upgraded machinery and rooftop solar plant), working capital, partial debt repayment, and general corporate purposes.

Commenting on the milestone, Mr. Raghav Somani, Managing Director, said: “We are extremely grateful for the trust shown by reputed institutional investors in our journey. The strong anchor participation is a testimony to our differentiated business model and the strategic shift towards automation, sustainability, and global markets. With this support, we are confident of scaling our operations and delivering consistent long-term value to all stakeholders.”

Offer Intermediaries:

• Book Running Lead Manager: Unistone Capital Private Limited
• Registrar to the Offer: Skyline Financial Services Private Limited
• IR & PR Partner: ORIM Connect

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Bengaluru (Karnataka) [India], August 6: Oben Electric, India’s homegrown R&D-driven electric motorcycle manufacturer, today announced the launch of Rorr EZ Sigma – the bold electric, next-generation electric commuter motorcycle at a special introductory price starting at ₹1.27 Lakh for a limited period. Designed to redefine city commuting for the modern Indian rider, Rorr EZ Sigma builds on the strong commuter-first DNA that made the Rorr EZ a success, introducing key hardware and software upgrades to elevate both experience and utility.

Highlights:

• Rorr EZ Sigma comes equipped with Reverse Mode, a 5-inch TFT colour display, new smart features such as navigation, call, message & music Alerts, enhanced seat comfort & bold new graphics, redefining the next-gen electric commuter experience for today’s city riders.
• Powered by Oben’s proprietary high-performance LFP battery tech, Rorr EZ Sigma is available in 3.4 kWh and 4.4 kWh battery variants
• Immediate bookings open at just ₹2,999 with test rides now live across Oben Electric showrooms nationwide. Deliveries begin from 15th August 2025.

New additions include Reverse Mode for easy manoeuvring in tight urban spaces, while a 5-inch TFT colour display enhances dashboard interaction with built-in navigation, trip meter, and real-time alerts for calls, messages, and music. An ergonomically redesigned seat offers enhanced comfort over longer commutes, while the bolder design graphics and the new Electric Red colour add fresh energy to the existing colour palette – Photon White, Electro Amber, and Surge Cyan.

Available in two battery variants, the Rorr EZ Sigma debuts at a special introductory price of ₹1.27 lakh for the 3.4 kWh model and ₹1.37 lakh for the 4.4 kWh model. Prices will be 1.47 lakh and ₹1.55 lakh respectively post the launch offer period. Offering customers an accessible entry into the world of electric motorcycles, the Rorr EZ Sigma is available with EMIs starting as low as ₹2,999.

Rorr EZ Sigma customers will also receive a complimentary one-year subscription to the upgraded Oben Electric App. This connected app enables riders to track ride details, locate their motorcycle using ‘Find My Rorr’ with built-in GPS and geo-fencing, access remote diagnostics, receive smart alerts, locate charging stations across a 68,000+ network, and activate Anti-Theft protection with a remote lock, offering complete visibility and control from their smartphone.

At its core, the Rorr EZ Sigma is powered by Oben Electric’s patented high-performance LFP battery technology, offering 50% higher temperature resistance, twice the lifespan, and unmatched reliability across India’s diverse climates. Both variants of the Rorr EZ Sigma deliver a top speed of 95 km/h and accelerate from 0 to 40 km/h in just 3.3 seconds. With class-leading torque of 52 Nm, the bike ensures swift acceleration and a smooth, exhilarating ride, making it ideal for navigating urban traffic. With an IDC range of up to 175 km and three ride modes – Eco, City, and Havoc, for adaptive power delivery, Rorr EZ Sigma offers city riders the freedom to commute confidently without frequent charging interruptions. Furthermore, the Rorr EZ Sigma is also equipped with fast-charging capabilities, allowing it to achieve a 0 to 80% charge in just 1.5 hours.

Commenting on the launch, Madhumita Agrawal, Founder & CEO, Oben Electric, said, “The launch of Rorr EZ Sigma represents a decisive step forward in our journey to shape the future of city commuting. With this next-generation model, we’ve gone beyond incremental upgrades to address the deeper expectations of today’s commuter, combining intelligence, comfort, and reliability in a motorcycle that’s built for India. Rorr EZ Sigma reflects our continued commitment to engineering electric motorcycles that are not just technologically advanced but meaningfully aligned with real-world usage and aspirations.”

Built on Oben’s indigenous ARX frame, the Rorr EZ Sigma is purpose-tuned for Indian roads, offering a high 200 mm ground clearance and a 7-step adjustable rear mono-shock suspension for a stable and comfortable ride across varied city terrains. Engineered with a strong focus on rider safety, it features Unified Brake Assist (UBA) for precise stopping power and a Driver Alert System (DAS) that signals when the vehicle is powered on. Safety is further enhanced with 130/70-17 wide tyres for superior grip and road stability, a 230 mm water-wading depth for reliable performance on flooded roads, and intelligent security features such as geo-fencing-based theft protection, battery theft lock, and patented vandalism protection.

Bookings for Rorr EZ Sigma are now open for ₹2,999, with test rides live across Oben showrooms nationwide and customer deliveries commencing August 15, 2025. Backed by Oben’s integrated in-house manufacturing and streamlined distribution network, Oben ensures swift fulfilment, eliminating long wait times and delivering a seamless purchase-to-ride experience. Also, customers can purchase Rorr EZ Sigma on Amazon.

To further reinforce long-term ownership value, Oben is offering the Battery Protect 8/80 Plan with the Rorr EZ Sigma at just ₹9,999, a transferable 8-year or 80,000 km battery warranty designed to enhance long-term ownership value and boost resale confidence.

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Visakhapatnam (Andhra Pradesh) [India], August 6: Steel Exchange India Limited (NSE: INE503B01021, BSE:  534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand ‘SIMHADRI TMT’, has announced a strategic non-binding collaboration with Vizag Profiles Logistics Pvt. Ltd. (VPL) and Hind Terminals Pvt. Ltd. (HTPL) to explore the development of a General Cargo Terminal (GCT) and a Multi-Modal Logistics Park (MMLP) in Visakhapatnam.

This collaboration marks a significant step toward unlocking cargo movement potential across both inland and coastal routes. The parties intend to jointly evaluate and pursue opportunities related to:

• Operation of container trains from the proposed General Cargo Terminal (GCT)
• Coastal shipping of cargo using domestic barges and containers
• Rail-based inland transport for steel and general cargo
• Development of end-to-end multimodal logistics services

The proposed initiatives will bring together the strengths of all three entities:

• SEIL’s developing GCT rail siding,
• VPL’s established regional logistics infrastructure, and
• HTPL’s expertise in port-linked cargo operations.

Together, the partners aim to improve logistics efficiency, reduce transit times, and enable scalable cargo handling solutions in and around Visakhapatnam.

This agreement reflects a shared vision to build integrated logistics infrastructure that caters to both captive and third-party cargo movement. While non-binding in nature, the collaboration sets the foundation for detailed feasibility studies, pilot operations, and potential future commercial partnerships.

For Steel Exchange India, the initiative is expected to significantly enhance supply chain efficiency, unlock value from its logistics assets, and support the long-term competitiveness of its core steel business.

Commenting on the development Mr. Suresh Kumar Bandi, Joint Managing Director, Steel Exchange India Limited said, “This collaboration is a strategic step forward in our efforts to expand beyond steel manufacturing and strengthen our presence in infrastructure and logistics. With Vizag’s growing role as a logistics hub, aligning our GCT project with the capabilities of VPL and HTPL presents a strong opportunity to enable efficient, multimodal cargo movement. We are confident this initiative will significantly enhance operational efficiency and contribute meaningfully to our long-term growth plans.”

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Mumbai (Maharashtra) [India], August 6: Connplex Cinemas Limited (Connplex, The Company) is an entertainment company revolutionising the cinema industry with a focus on luxury. It proposes to open its Initial Public Offering on August 07, 2025, aiming to raise ₹ 90.27 Crore (At the Upper Price Band) by fresh issue of 51,00,000 equity shares, to be listed on the NSE Emerge platform.

The issue size is 51,00,000 equity shares at a face value of ₹ 10 each with a price band of ₹ 168 – ₹ 177 per share.

Equity Share Allocation

• QIB Anchor Portion – Up to 14,52,000 Equity Shares
• Qualified Institutional Buyer – Up to 9,68,800 Equity Shares
• Non-Institutional Investors – Not Less Than 7,27,200 Equity Shares
• Individual Investors – Not Less Than 16,96,000 Equity Shares
• Market Maker – Up to 2,56,000 Equity Shares

The net proceeds from the IPO will be utilised for capital expenditure requirements for the purchase of the corporate office, purchase of LED Screens and Projectors, Working Capital requirements and general corporate expenses. The anchor portion will open on August 06, 2025, and the issue will close on August 11, 2025.

The Book Running Lead Manager to the Issue is Beeline Capital Advisors Private Limited, The Registrar to the Issue is MUFG Intime India Private Limited

Mr. Anish Tulshibhai Patel, Managing Director, and Mr. Rahul Kamleshbhai Dhyani, Joint Managing Director of Connplex Cinemas Limited, expressed, “Going public is an important milestone for Connplex Cinemas as we move into our next phase of development. From the outset, our focus has been on redefining how cinema is experienced—making it more comfortable, more engaging and more accessible. With the support of this IPO, we plan to invest in infrastructure that allows us to maintain high-quality standards while expanding our footprint across both urban and emerging markets. This includes setting up our corporate headquarters and upgrading key technologies like LED screens and projectors. Our goal remains simple: to deliver a reliable and enjoyable cinema experience to more people across India.”

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