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  • Cash Ur Drive Delivers Breakout H2 FY26 Performance with 86% EBITDA Growth and 95% PAT Growth, Strengthening Foundation for Next Phase of Expansion

    Cash Ur Drive Delivers Breakout H2 FY26 Performance with 86% EBITDA Growth and 95% PAT Growth, Strengthening Foundation for Next Phase of Expansion

    Noida (Uttar Pradesh) [India], May 29: Cash Ur Drive Marketing Limited (NSE: CUDML | INE0WL201014), one of India’s fast-growing sustainable transit media companies, has reported its Audited Financials for H2 FY26 & FY26. 

    H2 FY26 Standalone Key Financial Highlights

    • Revenue from Operations of ₹108.79 Cr, YoY growth of 43.72%
    • EBITDA of ₹20.02 Cr, YoY growth of 86.06%
    • EBITDA Margin of 18.41%, YoY growth of 420 Bps
    • Net Profit of ₹18.52 Cr, YoY growth of 94.50%
    • Net Profit Margin of 16.33%, YoY growth of 408 Bps
    • Diluted EPS of ₹13.38, YoY growth of 75.36%

    FY26 Standalone Key Financial Highlights

    • Revenue from Operations of ₹186.67 Cr, YoY growth of 33.98%
    • EBITDA of ₹33.56 Cr, YoY growth of 59.20%
    • EBITDA Margin of 17.98%, YoY growth of 285 Bps
    • Net Profit of ₹29.40 Cr, YoY growth of 64.98%
    • Net Profit Margin of 15.28%, YoY growth of 276 Bps
    • Diluted EPS of ₹21.24, YoY growth of 48.74%

    Commenting on the Financial Performance, Mr. Raghu Khanna, Managing Director and Chairman, Cash Ur Drive Marketing Limited, said: “FY26 has been a transformational year for Cash Ur Drive, marked by strong financial performance, strategic expansion, and the successful execution of our long-term growth vision. Our ability to deliver healthy growth in Total Income, EBITDA and Profit reflects the strength of our business model, the increasing relevance of transit and outdoor media, and our disciplined focus on profitable growth. The expansion in margins demonstrates the scalability of our platform and our commitment to driving operating efficiencies while continuing to invest for the future.

    FY26 was also a landmark year in our corporate journey as we successfully got listed on the NSE Emerge platform in August 2025, enhancing our visibility and providing a strong foundation for our next phase of growth. Alongside this milestone, we took significant strategic steps to expand beyond traditional transit media by establishing a presence in the urban mobility and EV infrastructure ecosystem. Our investment in Kolkata Call Taxi Private Limited, strategic stake acquisition in Charj Karo Greentech Mobility Private Limited, and the award of a 10-year EV charging infrastructure concession in Rishikesh collectively create a strong foundation for recurring, asset-linked and long-duration revenue streams.

    As we enter FY27, we remain highly optimistic about the opportunities ahead. Rising urbanization, growing adoption of EVs, increasing demand for innovative advertising solutions, and our expanding portfolio of media rights and infrastructure assets provide significant headroom for growth. With a stronger platform, enhanced market presence following our successful listing, and sustained business momentum, we believe Cash Ur Drive is well positioned to accelerate value creation and build a scalable, future-ready enterprise capable of delivering long-term growth for all stakeholders.”

    Recent Key Business Highlights

    Strengthened presence in the urban mobility ecosystem through the acquisition of a ~19.06% stake in Kolkata Call Taxi Private Limited, expanding beyond transit media into mobility-linked platforms.
    Entered the EV charging segment by acquiring a 50% stake in Charj Karo Greentech Mobility Private Limited, securing access to a growing EV charging network along with associated advertising rights.
    Secured a 10-year DBFOM concession from Nagar Nigam Rishikesh for 10 EV charging stations, creating a long-tenure, asset-linked revenue stream with integrated advertising opportunities.

    About Cash Ur Drive Marketing Limited

    Founded in 2009, Cash Ur Drive Marketing Limited (“CUD” or “the Company”) is one of India’s fastest-growing out-of-home and transit media companies, pioneering sustainable and technology-driven advertising solutions. With a strong presence across major cities, CUD integrates transit, digital, outdoor, and green media assets to deliver impactful visibility for leading brands. The Company’s focus on innovation, exclusive media rights, and expansion into EV charging station advertising has positioned it as a new-age leader in the evolving media landscape. Guided by a vision to make advertising more effective, eco-friendly, and inclusive, CUD continues to redefine how brands connect with audiences on the move. 

    For FY26, the Company reported a Total Income of ₹192.38 crore, EBITDA of ₹39.29 crore, and Net Profit of ₹29.40 crore.
     
     The company got listed on NSE Emerge in August, 2025.

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  • Gold Imports, Forex Reserves, and India’s Balancing Act

    Gold Imports, Forex Reserves, and India’s Balancing Act

    New Delhi [India], May 29: When people talk about gold in India, the conversation usually stays personal. It is about family savings and the comfort of owning something tangible. But there is a bigger story that runs in the background. Every time demand for imported gold rises, it affects far more than jewellery counters and household budgets. India’s gold import trends also shape how much foreign currency leaves the country, and that has a direct relationship with forex reserves.

    Forex reserves act like a national financial cushion. They help the country manage external shocks, support the rupee, and pay for essential imports. Gold, unlike crude or machinery, does not fuel factories or transport goods, yet it takes up a meaningful share of foreign exchange when demand spikes. 

    Why Imports Matter More Than They Seem

    If you look closely at India’s import-export data, one pattern stands out: gold regularly remains among the country’s major import items. This matters because India consumes far more gold than it produces. 

    • Domestic demand often leans on overseas supply. So when imports swell, dollars move out. The connection may not feel obvious to an average buyer comparing necklaces in a showroom, but at the national level, repeated spikes in gold imports can widen pressure on the current account and indirectly influence currency stability.
    • That is also why the import of gold in India is often discussed in policy circles with unusual seriousness. Governments do not see gold only as a luxury purchase; they see it as a drain on foreign exchange when buying habits tilt too heavily toward fresh imports. 
    • Add the import duty on gold on top of it, and the picture becomes even more layered. Duty is used partly to moderate demand and protect the external balance, but higher duties can also make legal imports more expensive for consumers. The result is a market where buyers still want value, but they start looking for smarter ways to access it.

    The Quiet Rise Of Exchange-Led Buying

    More families are beginning to view old jewellery not as dead locker stock, but as usable value. A chain that is broken or a piece bought years ago and rarely worn can become the starting point for a new purchase. 

    • Gold Exchange reduces the need to buy entirely fresh gold. At a country level, if that mindset widens across millions of households, it can soften the relentless dependence on new supply that drives gold import in India.
    • The idea is simple, but trust is what decides whether people actually exchange. For years, many buyers hesitated because they were unsure how their old jewellery would be valued. Questions around purity, melting loss, hidden deductions, or inconsistent pricing kept them cautious. 
    • If exchange feels confusing, people go back to buying new things. If it feels fair and visible, the same customer becomes more comfortable recycling existing gold jewellery within the market instead of adding to demand for imported supply.

    What Makes Exchange Feel Worth It

    A good exchange experience is not about flashy promises; it is about clarity. People want to know how much their ornament weighs, how purity is checked, whether stones are separated properly, and whether deductions are being made quietly in the background. They also want assurance that jewellery bought elsewhere will not be undervalued just because it came from another store. When those basics are handled well, exchange stops feeling like a compromise and starts feeling like a financially sensible decision.

    This is where Tanishq has managed to set a strong benchmark without needing to make the process confusing. 

    • The exchange happens transparently, with testing, weighing, and melting done in front of the customer’s eyes rather than behind closed doors. 
    • Old jewellery from other jewellers is also accepted, even in cases where the original bill is unavailable, which removes a common barrier for many households. 
    • More importantly, the valuation process is designed to feel visible and understandable, especially with the gold selling rate being the same as the exchange rate. In a category where suspicion can easily creep in, that kind of openness changes the tone of the entire transaction[1].

    A Smarter Answer For Buyers And The Economy

    There is a wider lesson here. The debate around the gold import duty in India in 2026 will probably continue, because policymakers will always have to balance consumer demand, revenue, and external stability. But duty alone cannot reshape behaviour. What changes behaviour is convenience backed by trust. If more consumers choose exchange over fresh purchase wherever possible, the pressure created by repeated import surges can ease at least at the margin. 

    For the customer, the logic is even more immediate. Exchange lets old value re-enter use instead of sitting idle. For the market, it encourages recycling over unnecessary fresh demand. The most sensible future may not be one where Indians buy less gold, but one where they buy more thoughtfully. 

    Disclaimer: This press release is for informational purposes only and does not constitute financial advice.

  • XT Global Infotech Limited Delivers Stellar Performance with ~39% Jump in PAT YoY

    XT Global Infotech Limited Delivers Stellar Performance with ~39% Jump in PAT YoY

    Hyderabad (Telangana) [India], May 29: XT Global Infotech Limited (NSE – XTGLOBAL | BSE – 531225), a global IT services and digital transformation company specializing in cloud, automation, and finance & accounting outsourcing solutions, has reported its financials for Q4 FY26 & FY26. 

    Q4 FY26 Standalone Key Financial Highlights

    • Total Income of ₹19.87 Cr, QoQ growth of 9.68%
    • EBITDA of ₹3.85 Cr, QoQ growth of 337.66%
    • EBITDA Margin of 19.38%, QoQ growth of 1,452 Bps
    • Net Profit of ₹1.93 Cr, QoQ growth of 3,357%
    • Net Profit Margin of 9.73%, QoQ growth of 942 Bps

    FY26 Standalone Key Financial Highlights

    • Total Income of ₹76.55 Cr, YoY growth of 2.92%
    • EBITDA of ₹13.56 Cr, YoY growth of 19.08%
    • EBITDA Margin of 17.71%, YoY growth of 240 Bps
    • Net Profit of ₹6.81 Cr, YoY growth of 39.24%
    • Net Profit Margin of 8.90%, YoY growth of 232 Bps

    Q4 FY26 Consolidated Key Financial Highlights

    • Total Income of ₹89.61 Cr, QoQ growth of 3.22%
    • EBITDA of ₹4.39 Cr, QoQ growth of 6.94%
    • EBITDA Margin of 4.90%, QoQ growth of 17 Bps
    • Net Profit of ₹3.74 Cr, QoQ growth of 175.70%
    • Net Profit Margin of 4.18%, QoQ growth of 262 Bps

    FY26 Consolidated Key Financial Highlights

    • Total Income of ₹369.25 Cr, YoY growth of 56.49%
    • EBITDA of ₹27.03 Cr, YoY growth of 11.43%
    • EBITDA Margin of 7.32%, YoY decline of 296 Bps
    • Net Profit of ₹14.62 Cr, YoY growth of 47.51%
    • Net Profit Margin of 3.96%, YoY decline of 24 Bps

    *The sharp increase in consolidated revenue and PAT is due to the consolidation of Network Objects as a subsidiary from January 2025 onwards; hence, the figures are not strictly comparable YoY.

    Key Highlights:

    • Successfully completed SEZ exit and mutation formalities for the Madhurawada Unit, enabling the Company to actively evaluate commercial leasing opportunities expected to generate additional rental income and strengthen the bottom line.
    • Successfully implemented and operationalized multiple Zoho platforms, including Zoho CRM, Zoho Campaigns, Zoho Contracts, Zoho People, Zoho Payroll, Zoho Books, Zoho Recruit, Zoho Expense, and Zoho Analytics to enhance sales visibility, process automation, operational transparency, and centralized business management capabilities.
    • Secured strategic contracts from U.S. transportation agencies for “Internal eForms Modernization Program” and “AI Enablement for Engineering Services” with a combined contract value of approximately USD 2.39 million (around INR 22 crore).
    • FAST Practice recorded significant growth in Accounting & Outsourcing operations with expansion in Australian and U.S. markets, onboarding of multiple Australian clients, an increase in billable resources, and a monthly billing run-rate reaching USD 200,000.
    • Planned establishment of new offices in Australia and Europe to further expand IT Services and Finance & Accounting Outsourcing operations while strengthening local market presence and client acquisition capabilities.

    Commenting on the financial performance, Mr. Ramarao Mullapudi, CEO, President & Director of XT Global Infotech Limited, said: “FY26 was a significant year for XT Global as we continued to strengthen our IT Services, AI capabilities, and Finance & Accounting Outsourcing operations across international markets. During the year, we secured strategic contracts from leading U.S. transportation agencies for digital modernization and AI enablement projects, reflecting our growing capabilities in technology-driven transformation services.

    We also made meaningful progress in operational transformation through the implementation of multiple Zoho platforms across sales, contracts, finance, HR, and analytics functions, helping improve process visibility, automation, and operational efficiency across the organization.

    Our FAST Practice continued to witness strong momentum, particularly in Australian Accounting Operations, with expansion in resources, onboarding of new clients, and increasing monthly billing run-rate. Further, the successful completion of SEZ exit formalities for the Madhurawada Unit has opened new commercial leasing opportunities that are expected to generate additional rental income.

    With planned expansion into Australia and the Europe, we remain focused on strengthening our international presence and enhancing our integrated service capabilities across IT Services and Finance & Accounting Outsourcing operations.”

    XT Global Infotech Limited

    XT Global Infotech Limited, founded in 1986 and headquartered in Hyderabad, India, is a global IT services and solutions company specializing in digital transformation, cloud computing, automation, and finance & accounting outsourcing services. The company serves enterprises across industries, including BFSI, healthcare, manufacturing, retail, and hospitality, delivering scalable and technology-driven solutions.

    XT Global offers a wide range of services, including IT consulting, cloud and ERP solutions, robotic process automation (RPA), and business process outsourcing (BPO). It also provides its proprietary platform, Circulus, focused on accounts payable automation to enhance efficiency and financial accuracy. The company leverages strong partnerships with leading technology providers such as Oracle, Microsoft, AWS, and UiPath to deliver integrated and future-ready solutions.

    With a strong global delivery model and long-term client relationships, XT Global continues to expand its presence in high-growth areas such as cloud modernization, automation, and offshore outsourcing. Its focus on operational excellence, digital capabilities, and client-centric solutions positions it well to capitalize on increasing global demand for IT and business services.

    The company is listed on both NSE & BSE.

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  • Aureate Tradde Ltd’s Initial Public Offering Opens on May 29 to June 2, 2026, with Price Fixed at Rs. 70 Per Share

    Aureate Tradde Ltd’s Initial Public Offering Opens on May 29 to June 2, 2026, with Price Fixed at Rs. 70 Per Share

    The Issue comprises a fresh issue of 38,98,000 equity shares aggregating to Rs. 27.29 crore

    Mumbai (Maharashtra) [India], May 28: Aureate Tradde Limited (“Company”), a Mumbai-based company engaged in the business of polymers and plastics, Lithium Ion Cells and EV Chargers for 2-3 wheelers, announced the opening of its Initial Public Offering (IPO). The Issue will open for subscription on Friday, May 29, 2026, and will close on Tuesday, June 2, 2026. The company is proposed to be listed on the BSE SME platform with a tentative listing date of June 5, 2026.  The Issue Price has been fixed at Rs. 70 per equity share, and the total Issue Size is Rs. 27.29 crore.

    Highlights:-                                                                

    • The minimum application lot size is 2,000 equity shares with a face value of Rs. 10 per share
    • The company intends to utilise the IPO proceeds towards working capital requirements, repayment of borrowings, and general corporate purposes

    The company has also expanded into Sodium Ion Cell solutions, an emerging next-generation battery technology segment for electric mobility applications

    The IPO comprises a fresh issue of 38,98,000 equity shares of face value Rs. 10 each through the book building process. The lot size for the application is 2,000 shares. The minimum retail investment is Rs. 2,80,000 for 4,000 shares based on the upper price band. The minimum HNI application size is 3 lots or 6,000 shares, amounting to Rs. 4,20,000. Corporate Makers Capital Limited is the Lead Manager to the Issue, while MUFG Intime India Private Limited is the Registrar to the Issue. Giriraj Stock Broking Private Limited is the Market Maker for the company. The allotment is expected to be finalized on June 3, 2026.

    The company intends to utilise Rs. 10 crore from the IPO proceeds towards funding working capital requirements and Rs. 9.93 crore towards repayment or prepayment of certain borrowings availed by the company. The remaining funds will be used for general corporate purposes and issue-related expenses.

    Commenting on the development, Ms Kalash Shah, Director of Aureate Tradde Limited, said, “Over the years, we have built a strong presence in the trading and distribution of industrial and technology-driven products across India. Our focus has always been on reliable execution, efficient supply chain management, and building long-term relationships with customers. With growing opportunities in electric mobility and energy storage, we have also expanded into Sodium Ion Cell solutions, which we believe is an important emerging segment. The IPO marks an important step in our growth journey and will support us in strengthening our working capital position, improving operational capabilities and expanding our presence across key business verticals.”

    For the period ended December 2025, Aureate Tradde Limited reported total revenue of Rs. 101.83 crore. The company recorded EBITDA of Rs. 7.32 crore and Profit After Tax of Rs. 4.28 crore. The financial performance reflects steady business growth, improving profitability, and continued demand across its key business segments.

    Aureate Tradde Limited operates in the trading and distribution of industrial and technology-driven products across polymers and petrochemicals, battery cells, and EV chargers. Recently, it has expanded into Sodium Ion Cell solutions, a next-generation battery technology designed for electric two-wheelers and three-wheelers. Going ahead, the company aims to further strengthen its presence in the electric mobility ecosystem and scale its distribution network with a focus on efficient and sustainable growth.

    Aureate

    About Aureate Tradde Limited

    Aureate Tradde Limited was incorporated in 2018 and is based in Mumbai, Maharashtra. The company has built its presence in the trading and distribution space by working closely with global sourcing partners and maintaining a strong supply network across India. It operates on an inventory-led model, which helps it ensure the timely availability of products and better service to customers across industries. Over the years, the company has expanded its portfolio from polymers and petrochemicals to include lithium-ion and sodium-ion battery solutions as well as EV charging products. With this diversified approach, Aureate Tradde continues to focus on supporting the growing needs of the industrial and electric mobility sectors in India.

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  • TransBnk launches CBNxT 2026, India’s first dedicated Corporate Banking Summit

    TransBnk launches CBNxT 2026, India’s first dedicated Corporate Banking Summit

    The flagship summit will unite banks, enterprises, fintechs, NBFCs, investors and policymakers to shape India’s corporate banking future.

    Mumbai (Maharashtra) [India], May 29: TransBnk, a corporate banking infrastructure company enabling connected financial operations for banks and enterprises, has announced the launch of CBNxT 2026, India’s first dedicated corporate banking summit. Scheduled to be held on 4th June 2026 at Sofitel Mumbai BKC, the inaugural edition is being positioned as an annual flagship platform for the country’s evolving corporate banking ecosystem.

    Designed as a neutral, industry-first platform, CBNxT 2026 aims to bring together stakeholders across banks, enterprises, fintechs, NBFCs, investors, policymakers and technology providers to discuss the future of corporate banking, transaction banking and enterprise financial infrastructure in India.

    The full-day, single-track summit is expected to host over 400 senior delegates through a curated, invitation-led format. Confirmed speakers and participants include senior leaders from institutions such as YES Bank, IDFC FIRST Bank, HDFC Bank, Standard Chartered, Bank of America, DBS Bank, Barclays, NPCI Bharat BillPay, CAMSPay, Pine Labs, Bajaj Finserv, Bessemer Venture Partners, Elevation Capital and Arkam Ventures, among others.

    CBNxT 2026 will focus on some of the most consequential shifts shaping the future of corporate banking and enterprise finance. Discussions at the summit will span AI-native banking infrastructure, treasury digitisation and real-time financial visibility, trade and supply chain finance, cross-border payments and CBDCs, commercial cards and business payments, API-first transaction banking, banking system modernisation, embedded finance and the evolution of agentic payment systems.

    “Corporate banking sits at the heart of how businesses operate, grow and move capital. As enterprise financial operations continue to evolve, the need for stronger collaboration across banks, enterprises, fintechs, investors and policymakers becomes increasingly important. CBNxT is our effort to create a dedicated industry platform where the ecosystem can come together to discuss the future of connected financial infrastructure and enterprise banking operations. Our vision is to build a platform that contributes meaningfully to the transformation of corporate banking in India,” said Vaibhav Tambe, Co-Founder & CEO, TransBnk.

    The summit will also witness the release of Liquidity Network, a forward-looking industry report focused on how financial networks are rewiring corporate banking in India.

    CBNxT 2026 is being supported by ecosystem and community collaborators including FACE, Headstart Network Foundation, India Blockchain Forum, The Digital Fifth, The Ecosystem Community and Picxele, among others.

    About TransBnk

    TransBnk is a corporate banking infrastructure company enabling banks, enterprises, NBFCs, fintechs and financial institutions to manage interconnected financial operations through integrated infrastructure, APIs and SaaS-based platforms.

    Founded by ex-bankers, TransBnk covers the full spectrum of corporate banking. Its ecosystem includes TrustHub for enterprise financial operations including treasury, payments, collections, reconciliation and commercial cards etc; TxB Hub for banking platforms, cash management, trade management and supply chain finance and more; ReconX for AI-powered reconciliation across banking operations; and API Hub for connected banking workflows and enterprise infrastructure capabilities.

    The company is focused on enabling more connected, scalable and intelligent corporate banking and enterprise financial operations across modern financial ecosystems.

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  • Rashtrapati Bhavan Honours ‘Organ Man of India’ Nilesh Mandlewala with Padma Shri

    Rashtrapati Bhavan Honours ‘Organ Man of India’ Nilesh Mandlewala with Padma Shri

    New Delhi [India], May 28: Recognising his selfless service of giving new life to thousands through organ donation awareness for more than two decades, the Government of India announced Nilesh Mandlewala’s name for the Padma Shri award on 26 January 2026. On 25 May 2026, during the first Civil Investiture Ceremony of Padma Awards 2026 held at Ganatantra Mandap, Rashtrapati Bhavan, Hon’ble President Smt. Droupadi Murmu conferred the Padma Shri award upon Nilesh Mandlewala in the presence of Vice President C. P. Radhakrishnan, Prime Minister Shri Narendra Modi, Home Minister Shri Amit Shah, and several other dignitaries for his invaluable contribution in the field of social service and organ donation awareness.

    • This honour belongs to all organ donors and their family members: Padma Shri awardee Nilesh Mandlewala
    • Nilesh Mandlewala dedicated the Padma Shri award to his late parents and Lord Dwarkadhish.

    Expressing his emotions, Padma Shri Nilesh Mandlewala said, “This honour is not just mine or Donate Life’s honour, but it belongs to the entire city of Surat and the state of Gujarat. This honour belongs to all organ donors and their family members.” He further stated that this recognition also belongs to all doctors and hospitals of Surat and South Gujarat, Surat City Police, Surat Airport Authority, forensic doctors of SMIMER and Civil Hospital, CISF, print media, electronic media, digital media, all volunteers, staff members, and trustees of Donate Life. He also dedicated this honour to various social organisations and individuals across the country who are continuously supporting and spreading awareness about organ donation.

    Nilesh Mandlewala, widely known as the “Organ Man of India,” has devoted nearly two decades to promoting organ donation with a vision that by 2047, no Indian should die due to organ shortage. Starting his mission in 2005 and later founding Donate Life in 2014, he has helped facilitate over 1380 organ and tissue donations, giving new life and vision to more than 1270 people across India and globally. Even during the COVID-19 pandemic, he enabled 203 donations from Surat alone, while his awareness campaigns have reached over 100 million people, helping Surat gain recognition as an “Organ Donor City.”Additionally, Nileshbhai has also been honoured with more than 70 awards by various national and international organisations, including the prestigious “Gujarat Gaurav Award,” the highest civilian honour of the Government of Gujarat.

  • City Plus Reimagined as ‘Boujee World’, Surat to Get a Mega Entertainment Hub

    City Plus Reimagined as ‘Boujee World’, Surat to Get a Mega Entertainment Hub

    Gujarat’s largest bowling alley, gaming zone, sports arena, cinema, and food hub to be available under one roof.

    Surat (Gujarat) [India], May 27: The well-known City Plus Multiplex on Dumas Road is set to make a grand comeback in a completely new avatar as “Boujee World.” After entertaining Surat residents for the past 23 years, the venue is now being relaunched with modern technology and next-generation entertainment experiences.

    Boujee World

    Speaking on the occasion, City Plus operators Ashish Jain, Akash Garg, and Moulin Deliwala said that City Plus has been serving Surat since 2003-04 and has now been transformed into “Boujee World” with a fresh concept and upgraded facilities. One of its biggest attractions will be Gujarat’s largest 12-lane bowling alley, including two private VIP bowling lanes.

    They added that visitors will no longer need to travel to different places for movies, gaming, and recreational activities, as everything will now be available at a single destination. The venue will offer cinema screens, gaming zones, bowling, laser tag, and various outdoor sports activities under one roof.

    Boujee World

    The entertainment complex features three large cinema screens with a seating capacity of around 1,800 people. It also includes arcade games, a 2,500+ square feet soft play area for children, climbing walls, a cricket zone, and a sports arena equipped for pickleball, paddleball, volleyball, and shaded cricket nets.

    Spread across nearly 30,000 square feet, the project is designed to cater to visitors of all age groups, from children as young as 3 years old to senior citizens aged 80 and above.

    Apart from entertainment, the venue will also offer banquet facilities for birthday parties, events, and celebrations. Additionally, Surat’s popular “Indian Tapas Bar” is set to open its second outlet at the venue.

    Carnival Celebration for Boujee World Launch

    To celebrate the launch of Boujee World, a special carnival celebration is being organized from May 23 to May 31. The launch day on May 23 featured a DJ night with percussionists, while May 24 included a Bhajan Jamming event. The carnival will also feature mascots, tattoo artists, and several free entertainment activities for visitors.

    The entire project is being presented with the theme: “All Entertainment at One Address.”

  • Zectpay: In-House Developed Trading Algorithms With Automated MT5 Deployment

    Zectpay: In-House Developed Trading Algorithms With Automated MT5 Deployment

    New Delhi [India], May 29: As trading technology evolves, automation is becoming increasingly important for traders looking for structured and technology-driven approaches. However, accessing algorithmic systems often requires VPS management, technical setup, deployment knowledge, and ongoing maintenance — creating barriers for many users.

    ZectPay.com was developed to simplify this process by providing subscription-based access to proprietary trading algorithms developed in-house by Herndon Gray Pvt. Ltd.

    Unlike platforms that depend on third-party systems, ZectPay operates using internally developed algorithms combined with managed deployment infrastructure designed to reduce technical complexity.

    How ZectPay Works

    Step 1: Create Your Account

    Users register on www.zectpay.com and complete the onboarding process.

    Step 2: Subscribe to a Plan

    Users select an active subscription plan to access deployment services and infrastructure.

    Step 3: Connect Your Trading Account

    Users provide required account details through the platform workflow for deployment processing.

    Step 4: Deployment Initiation

    The onboarding and deployment process is initiated through managed infrastructure with targeted activation timelines.

    Step 5: Infrastructure and Support Access

    Users receive access to platform features including infrastructure support, ticket systems, and account management workflows.

    Why Zectpay Uses a Different Model

    A key difference in the platform approach is capital custody and operational structure. ZectPay does not hold client funds or operate as a broker. User capital remains within the trader’s own broker account while deployment and infrastructure are handled through the platform workflow.

    The platform includes dedicated VPS infrastructure, structured onboarding, activation workflows, and support systems intended to make automation more accessible.

    Proprietary Development by Herndon Gray Pvt. Ltd.

    According to Herndon Gray Pvt. Ltd., ZectPay.com was created to bridge the gap between proprietary algorithm development and practical accessibility. The focus is on building infrastructure around internally developed systems rather than relying on third-party automation tools.

    As trading technology adoption grows, infrastructure-focused platforms are increasingly becoming part of discussions around modern trading workflows and automation.

    Trading involves risk. Past performance is not indicative of future results. ZECTPAY does not hold client funds. All capital remains within your own broker account. Subscribe only with funds you can afford to risk. ZECTPAY.COM is a technology platform operated by Herndon Gray Pvt. Ltd. It is not a broker, investment advisor, or regulated financial entity. Indian users are solely responsible for ensuring compliance with applicable laws including FEMA and RBI guidelines.

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  • Emerald Finance Limited Delivers Strong Consolidated FY26 Results; Total Income Reaches Rs 31.20 Cr with Net Profit Surging 70%

    Emerald Finance Limited Delivers Strong Consolidated FY26 Results; Total Income Reaches Rs 31.20 Cr with Net Profit Surging 70%

    Mumbai (Maharashtra) [India], May 29: Emerald Finance Limited (BSE: EMERALD), one of the dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has announced its Audited Financial Results for Q4 FY26 & FY26.

    Key Financial Highlights 

    Standalone Key Financial Highlights – Q4 FY26:
     • Total Income of ₹5.85 Cr, YoY growth of 27%
     • EBITDA of ₹4.39 Cr, YoY growth of 27%
     • Net Profit of ₹2.78 Cr, YoY growth of 29%
     • EPS of ₹0.81, YoY growth of 29%

    Consolidated Key Financial Highlights – Q4 FY26:
     • Total Income of ₹9.76 Cr, YoY growth of 50%
     • EBITDA of ₹6.83 Cr, YoY growth of 55%
     • Net Profit of ₹4.36 Cr, YoY growth of 64%
     • EPS of ₹1.27, YoY growth of 67%

    Standalone Key Financial Highlights – FY26:
     • Total Income of ₹20.78 Cr, YoY growth of 54%
     • EBITDA of ₹17.41 Cr, YoY growth of 63%
     • Net Profit of ₹11.55 Cr, YoY growth of 79%
     • EPS of ₹3.33, YoY growth of 80%

    Consolidated Key Financial Highlights – FY26:
     • Total Income of ₹31.20 Cr, YoY growth of 44%
     • EBITDA of ₹23.23 Cr, YoY growth of 56%
     • Net Profit of ₹15.15 Cr, YoY growth of 70%
     • EPS of ₹4.36, YoY growth of 70%

    Comment on Financial Performance Mr. Sanjay Aggarwal, Managing Director of Emerald Finance Limited said, “Q4 FY26 has been a strong quarter for Emerald Finance, with meaningful progress across both our core businesses. We successfully onboarded 34 additional corporates onto our EWA platform, reinforcing its growing adoption among employers and expanding our reach within India’s formal workforce.

    Our gold loan syndication business, operated through our subsidiary Eclat Net Advisors Private Limited, delivered disbursements exceeding ₹375 Cr during the quarter, in partnership with leading institutions including ICICI Bank, HDFC Bank, RBL Bank, and Muthoot Finance.

    These results reflect the continued scalability of our asset-light, technology-led model and strengthen our confidence in delivering sustainable growth. With India’s financial ecosystem offering significant tailwinds, Emerald Finance remains well positioned to capitalize on emerging opportunities and create long-term value for our stakeholders.”

    Q4 FY26 Key Business Highlights 

    Corporate Partnerships for EWA Established partnerships with 34 leading corporatesExpanded presence in the Earned Wage Access (EWA) ecosystem
    Gold Loan Disbursement Disbursed over ₹375 Cr under Gold Loan segmentStrategic partnerships with ICICI Bank, HDFC Bank, RBL Bank, and Muthoot Finance through Eclat Net Advisors Private Limited

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  • Why Most Health Tech Startups Fail Before They Reach the Patient — And What We Must Change

    Why Most Health Tech Startups Fail Before They Reach the Patient — And What We Must Change

    By Kinshuk Kocher, Director, Investment Operations & Special Projects, Cedars-Sinai Technology Ventures

    New Delhi [India], May 29: There is a question I find myself asking every time I review a health tech pitch, whether it is an early-stage founder at the Cedars-Sinai Accelerator+ or an Indian startup exploring the US market for the first time. The question is not about the technology. It is not about the team or the market size. It is this: have you actually watched a patient or clinician try to use this?

    Most founders have not.

    That single gap, the distance between building a product and watching it function inside a real clinical environment, explains more health tech failures than any funding shortage, regulatory hurdle, or competitive threat combined.

    I say this not as an observer, but as someone who has sat on both sides of the table. In 2017, I co-founded Caredose in New Delhi to solve medication non-adherence, a problem the WHO estimates costs the global healthcare system $637 billion annually. We built technology we were proud of. We raised capital. We partnered with institutes such as Max Hospitals, WHO, USAID, and the Gates Foundation. And then we walked into our first pharmacy chain and discovered that our elegant solution had one fundamental problem: it was designed around how we thought healthcare worked, not how it actually did.

    That lesson took months to unlearn. It ultimately made Caredose better — we grew medicine adherence from under 50% to above 80% for our provider partners and achieved a successful exit. But the friction cost us time and resources we could not afford to waste. I have watched dozens of startups at Cedars-Sinai Technology Ventures, where I have now led over $20 million in institutional investments across 10+ companies. Our ambition is to ensure that they don’t make the exact same mistake, as it often leaves them without the runway to recover from it.

    The Real Failure Mode: Technology-First, Patient-Last

    The pattern is remarkably consistent. A founder identifies a genuine clinical problem. They build technically impressive software or hardware to address it. They secure pilots. The pilots produce promising data. And then— nothing. Adoption stalls, the hospital moves on. The startup runs out of money, wondering what went wrong.

    What went wrong is almost always the same thing: the product was built to solve a technology problem, not a human behaviour problem.

    Healthcare is not a rational system. It is an ecosystem of competing pressures, physicians managing 30-minute appointment windows, nurses following workflows designed decades ago, patients navigating fear and confusion alongside complex treatment regimens, and hospital administrators balancing budget cycles with clinical outcomes. A product that does not fit seamlessly into this reality, regardless of how good its algorithm is, will not be adopted.

    At Caredose, we learned that getting a patient to take their medication on time was less about our IoT device and more about how the pharmacist explained it. The technology was 20% of the solution. The human trust layer was 80%.

    Three Things Founders Must Do Differently

    First, spend time in the workflow before you build for it. Not customer discovery calls, but actual observation. Sit in a hospital ward. Watch a pharmacy counter during peak hours. Understand where the friction lives before you decide where your solution fits.

    Second, find your physician champion before you find your investor. In every health tech deal I have evaluated at Cedars-Sinai, the presence of an internal clinical advocate has been the single strongest predictor of adoption success. An investor can fund your technology. A physician champion can actually deploy it.

    Third, treat patient behaviour as a design constraint, not a post-launch problem. Non-adherence, dropout, and low engagement— these are not user failures; they are design failures. Build the human trust layer into your product from day one, not as a feature update after your pilot.

    What Must Change

    India is producing exceptional health tech founders, technically rigorous, globally ambitious, and deeply motivated. What the ecosystem lacks is the infrastructure to help these founders stress-test their products against clinical reality before they go to market.

    More hospital-founder partnerships. More operator-investors who have navigated both the startup and the clinical environment. More honest post-mortems from founders who built great technology that never reached a single patient.

    The health tech problem worth solving in India is not a shortage of innovation. It is the last mile. And until we fix it, we will keep building brilliant solutions that fail quietly inside corridors the founders never walked.

    Kinshuk Kocher is Director of Investment Operations & Special Projects at Cedars-Sinai Technology Ventures, Los Angeles. He is the co-founder of Caredose, a MedTech startup that created the simplest way of managing regular, chronic medication. He holds an MBA from the University of Oxford.

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