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  • Japanese Leading Publisher KODANSHA Announces Entry into India in Partnership with DNP and IJ KAKEHASHI

    Japanese Leading Publisher KODANSHA Announces Entry into India in Partnership with DNP and IJ KAKEHASHI

    New Delhi [India], June 23: IJ Kakehashi Services Pvt. Ltd.  (Head Office: Delhi, India; Managing Director: Sanjay Kumar Panda; hereinafter “IJK”) is proud to announce its participation as a founding shareholder in a Joint Venture company to be established in New Delhi, India, along with Kodansha Ltd.  (Head Office: Tokyo; President & Representative Director: Yoshinobu Noma) and Dai Nippon Printing Co. Ltd. (Head Office: Tokyo; President: Yoshinari Kitajima; hereinafter “DNP”).

    Kodansha’s Indian entity will start operation by autumn 2026 and carry out marketing, manufacturing, and publishing activities for Kodansha’s manga and other content, creating affordable localized editions for the Indian market.

    This marks a significant milestone as it will be for the first time that a Japanese leading general publishing company will be establishing its local subsidiary in India.

    IJK brings to this venture its rich expertise of working for over two decades in the space of India-Japan business linkages. IJK will serve as the on-ground operational partner, facilitating the seamless introduction of Kodansha’s world-renowned titles to Indian readers.

    India’s rapidly growing population and expanding middle class have nurtured an enthusiastic and fast-growing fan base for Japanese manga and content, particularly amongst the younger population. Popular titles such as “Attack on Titan” and “Blue Lock” are among the Kodansha titles that will be made available.

    “We are honored to partner with leading Japanese companies, Kodansha and DNP, in this historic venture. India has one of the world’s most vibrant and youthful readerships, and the enthusiasm for Japanese manga here is extraordinary. Kodansha’s books such as “Totto Chan” and the Mottainai Grandma series are already popular in India, and IJK has been a part of this journey. This is a bridge between two great cultures of storytelling, and IJK is privileged to be a part of it,” said Sanjay Panda of IJK.

    Key Information:

    • Shareholders & Investment Ratios: Kodansha Ltd. (81%), Dai Nippon Printing Co., Ltd. (14%), IJ Kakehashi Services Pvt. Ltd. (5%)
    • Managing Director: Hirotoshi Kurita (Director, Kodansha Ltd.)
    • Capital: INR 95 million
    • Location: Delhi, India
    • Business: Publishing and content business
    • Establishment: July 2026
    • Start of Operations: Autumn 2026 (planned)

    The information contained herein is as of the date of announcement and is subject to change without prior notice.

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  • Kratikal Tech Limited IPO Opens on June 30, 2026

    Kratikal Tech Limited IPO Opens on June 30, 2026

    Mumbai (Maharashtra) [India], June 23: Kratikal Tech Limited is an AI driven, Software-as-a-Service based cybersecurity company, proposes to open its Initial Public Offering on June 30, 2026, aiming to raise ₹ 39.69 Crores (at upper price band) with shares to be listed on the BSE SME.

    The issue size is 29,40,000 equity shares with a face value of ₹ 10 each with a price band of ₹ 128 – ₹ 135 Per Share.

    Equity Share Allocation

    • QIB Anchor Portion – Upto 8,31,000 Equity Shares
    • Qualified Institutional Buyer – Not more than 5,58,000 Equity Shares
    • Non-Institutional Investors – Not less than 4,23,000 Equity Shares
    • Individual Investors – Not less than 9,78,000 Equity Shares
    • Market Maker – Up to 1,50,000 Equity Shares

    The net proceeds from the IPO will be utilized for Investment in Threatcop FZ LLC, UAE and Threatcop AI Inc, USA (subsidiaries) for expenditure towards sales & marketing activities and development of workforce resources, Investment in product development, and general corporate purposes. The anchor portion will open on Monday, June 29, 2026. The Issue will open on Tuesday, June 30, 2026 and will close on Thursday, July 02, 2026.

    The Book Running Lead Manager to the Issue is Beeline Capital Advisors Private Limited & KFin Technologies Limited is Registrar to the Issue.

    Mr. Pavan Kumar, Chairman, Managing Director & CEO of Kratikal Tech Limited expressed, “The cybersecurity landscape is evolving rapidly, and organizations today require intelligent, proactive, and comprehensive solutions to safeguard their people, processes, and technology. At Kratikal Tech, we have built a differentiated AI-driven cybersecurity platform that enables enterprises to strengthen their cyber resilience and stay ahead of emerging threats.

    The launch of our IPO represents a significant milestone in our journey and reflects the confidence we have in our business model, technology capabilities, and growth prospects. The proceeds from the issue will enable us to accelerate our global expansion, strengthen our product portfolio, invest in innovation, and further enhance our sales, marketing, and talent capabilities across key markets.

    As digital transformation continues to gain momentum worldwide, the demand for robust cybersecurity solutions is expected to grow substantially. With our proven track record, strong client relationships, and scalable SaaS-led platform, we are well-positioned to capitalize on these opportunities.”

    About Kratikal Tech Limited:

    Kratikal Tech Limited is an AI driven, Software-as-a-Service based cybersecurity company protecting more than 677 clients with a workforce 200 skilled professionals. The Company operates through two integrated business lines and services designed to reduce cyber risk and enhance organizational resilience through a unique dual-layered approach:

    • People Security Management (PSM): Through its Threatcop platform, the Company mitigates human-centric cyber risks (like phishing) by assessing and training employees.
    • Technology & Process Security: Under the Kratikal brand, it provides comprehensive defense for the technology stack.

    Together, these offerings deliver integrated protection across the People–Process–Technology framework in an increasingly complex threat environment.

    In FY26, The Company achieved a Revenue of ₹ 3,671.59 Lakhs, EBITDA of ₹ 908.08 Lakhs & PAT of ₹ 614.25 Lakhs.

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  • Kolkata reverberates with the spirit of independent music on World Music Day 2026

    Kolkata reverberates with the spirit of independent music on World Music Day 2026

    Mr. Sundeep Bhutoria, culturist, presenting a Suvaprasanna-painting of Kavi Guru Rabindranath Tagore to Gulzar during World Music Day 2026 in Kolkata.

    Kolkata (West Bengal) [India], June 23: In a celebration that will be remembered as one of the most emotionally resonant musical evenings in Kolkata’s cultural history, the 16th edition of Sourendro-Soumyojit’s World Music Day Concert brought together an extraordinary constellation of artists on 21 June 2026 at Netaji Indoor Stadium. The sold-out event, curated by the celebrated pianist-vocalist duo Sourendro Mullick and Soumyojit Das, drew thousands of music lovers in a shared experience that transcended genres, generations, and geographies.

    The evening’s theme — the spirit of independent music — found expression in an unparalleled lineup featuring Gulzar, Hariharan, Shankar Mahadevan, Shilpa Rao, Vishal Bhardwaj, Rekha Bhardwaj, Vishwa Mohan Bhatt, Anupam Roy, Kalpana Patowary, Parvathy Baul, Sid Sriram, Ayaan Ali Bangash, Nikhita Gandhi, and Benny Dayal. Each artiste presented an original composition, born from personal reflection and creative courage — pieces crafted exclusively for this one evening, never to be replicated in quite the same way again.

    The concert was a living mosaic of India’s musical heritage. Folk musicians and classical maestros shared the stage with rappers and contemporary creators. The Patachitra artists of Pingla, the Thavil players of Kerala, and Bedabati from Manipur — voices from diverse traditions and geographies — wove together a tapestry that was wholly new, yet deeply rooted. The stage at Netaji Indoor Stadium became, in effect, a map of India’s vast cultural soul.

    “World Music Day in Kolkata has always been a reflection of the city’s extraordinary relationship with music — and this year’s concert by Sourendro-Soumyojit was its most luminous chapter yet. To witness Gulzar’s words, Shankar Mahadevan’s voice, Vishal Bhardwaj’s artistry, and so many magnificent musicians come together on a single stage in the spirit of creative freedom was nothing short of transcendental. Kolkata has always known that music is not merely entertainment; it is the language of the soul. Last evening proved that this conviction is alive, thriving, and deeply cherished.” said Mr Sundeep Bhutoria, Culturist and Trustee of NGO, Prabha Khaitan Foundation.

    “Gulzar sahab is not merely a legend to me — he is a cherished friend of over two decades. Our bond goes beyond admiration; it is one of deep personal affection and shared love for the arts. It was, therefore, a moment of profound joy and privilege for me to formally present him, on this celebratory occasion, with a painting of Kavi Guru Rabindranath Tagore — rendered by the eminent artist Suvaprasanna. Two luminaries of the human spirit, united in a single gesture. I could think of no more fitting tribute to Gulzar sahab than the image of Tagore, for both have given humanity the gift of words that heal, elevate, and endure.”  Mr Bhutoria said.

    The curators and artistic directors of the concert, speaking after the event, reflected on its significance: “World Music Day 2026 was an exploration of the sound of India through collaboration, experimentation and original composition. Above all, it was a celebration of artistic freedom, creative courage and the power of independent music to connect people across cultures and communities. We are grateful to every artiste, every member of our team, and every music lover in that auditorium who made this evening unlike any we have ever created before,” said Sourendro-Soumyojit.

    What began 16 years ago as a dream between two Kolkata-based musicians has grown into one of India’s most beloved annual musical traditions. Every edition has carried its own stories, its own friendships, its own once-in-a-lifetime collaborations. The 2026 edition, with its celebration of independent voices, added yet another indelible chapter to that legacy.

    For those who could not be present, recordings and highlights from the concert will be shared on Sourendro-Soumyojit’s official channels shortly. The lights may have dimmed, the final note may have faded — but the music, the memories, and the connections forged on 21 June 2026 will endure.

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  • Mere Meherbaan: Nidhi Sheth’s New Hindi Love Song Celebrates Dreams, Self-Belief and Emotional Strength

    Mere Meherbaan: Nidhi Sheth’s New Hindi Love Song Celebrates Dreams, Self-Belief and Emotional Strength

    New Delhi [India], June 23: Mere Meherbaan, the new Hindi love song by singer Nidhi Sheth, is gaining attention among music lovers in India for its soulful melody, emotional storytelling and meaningful message of self-love.

    Presented by Naman Sheth, Mere Meherbaan marks Nidhi Sheth’s first original music project. The song is deeply personal to the singer and reflects her inspiring journey of dreams, patience and self-belief.

    While balancing a full-time corporate career, motherhood, family responsibilities and life in the U.S. without any domestic help, Nidhi continued to hold on to her dream of creating original music. Her journey behind Mere Meherbaan is a reminder that dreams may take time, but they can come true with hard work, faith, persistence, and determination.

    The song beautifully captures the emotions of love, inner strength and resilience. More than just a romantic track, Mere Meherbaan carries a powerful message : be your own biggest supporter and never stop believing in yourself.

    The white visual theme of the song adds a peaceful and graceful feel, symbolising calmness, purity and emotional strength. With soulful music by Shane and Janki and meaningful visuals by Harshul and the Greyscale team, Mere Meherbaan stands out as a heartfelt Hindi love song for listeners who enjoy meaningful music.

    Through this song, Nidhi Sheth hopes to inspire every listener to keep dreaming, keep believing and become their own “Meherbaan”.

    Check out the video at https://youtu.be/MufTRDZCVUM?list=RDMufTRDZCVUM

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  • Marketing Bhaiyaa: A New-Age Political Communication Firm Built on Storytelling

    Marketing Bhaiyaa: A New-Age Political Communication Firm Built on Storytelling

    New Delhi [India], June 23: In a political landscape shaped by digital platforms, visual content and real-time public engagement, communication is no longer limited to campaign slogans or advertisements. It requires strategic clarity, creative execution and a strong understanding of people.

    “In today’s world, attention is the new battleground. Leaders who communicate with authenticity, clarity and emotion create lasting impact. Narratives do not just shape campaigns, they shape history.” – Gourav Dhingra, Founder & Creative Director, Marketing Bhaiyaa.

    Marketing Bhaiyaa is a new-age political communication and content production firm that works at the intersection of politics, governance, media and storytelling. Founded by young professionals with experience in campaign communication, filmmaking and digital media, the organisation supports political leaders, public representatives and institutions in communicating ideas with clarity and relevance.

    Led by Founder and Creative Director Gourav Dhingra, Marketing Bhaiyaa brings a creative, people-centric approach to political communication. With over six years of experience in media, theatre, direction and storytelling, Gourav has worked on communication projects that combine political understanding with cinematic treatment and audience-focused messaging.

    Beyond elections, Marketing Bhaiyaa has developed a growing portfolio in governance communication. The team has directed and produced more than 100 documentary and public-interest films focused on development initiatives, citizen experiences, public welfare programmes and governance outcomes. These projects have helped present complex policy interventions in a format that is accessible, relatable and visually engaging.

    What sets Marketing Bhaiyaa apart is its narrative-led approach. The firm does not treat communication as a collection of individual posters, videos or social media posts. Instead, it develops a cohesive communication framework in which every creative asset supports a larger message, campaign objective or public narrative.

    The organisation works through a multidisciplinary team of filmmakers, cinematographers, editors, writers, designers, digital strategists and on-ground storytellers. This integrated structure enables the team to conceptualise, produce and deliver communication assets across formats, from short-form digital content and campaign videos to documentaries and large-scale public communication films.

    Marketing Bhaiyaa represents a new generation of political communication firms: agile, creatively driven and rooted in an understanding of India’s changing political and media environment. By combining political insight, cinematic execution and digital-first strategy, the firm helps leaders and institutions build communication that is not only visible, but also credible, memorable and connected to people.

    From election campaigns to governance communication, Marketing Bhaiyaa’s mission remains clear: to create stories that inform, influence and inspire.

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  • IIM Calcutta announces the 33rd Batch of Executive Programme in Business Management for Emerging Business Leaders

    IIM Calcutta announces the 33rd Batch of Executive Programme in Business Management for Emerging Business Leaders

    The 12-month executive programme helps experienced professionals strengthen strategic thinking, leadership, decision-making and enterprise-wide management skills.

    Kolkata (West Bengal) [India], June 23: The Indian Institute of Management Calcutta (IIM Calcutta), in collaboration with TimesPro, has announced the launch of the 33rd batch of the Executive Programme in Business Management (EPBM). The 12-month blended learning programme has been designed to help professionals build a deeper understanding of strategy, leadership and decision-making, enabling them to respond with confidence to evolving business models, technological shifts and complex organisational priorities.

    Designed for mid-to-senior professionals and emerging leaders, the Executive Programme in Business Management, in collaboration with TimesPro, enables learners to examine business models through the wider lens of economic, political, social and market realities. It strengthens the managerial judgement required to lead teams, interpret change, challenge established assumptions and align internal and external stakeholders towards clear and purposeful business outcomes.

    The need for such management capability has become sharper as organisations recalibrate for a decade of significant workforce and skills transformation. The World Economic Forum’s Future of Jobs Report 2025 projects that while 170 million new jobs may be created by 2030, employers will also need to navigate significant changes in skills, roles and organisational design. It highlights AI, big data and technology-led skills among the fastest-growing capabilities, while underscoring the continuing relevance of analytical thinking, resilience, leadership and collaboration. LinkedIn’s Workplace Learning Report 2025 similarly identifies business strategy as the most at-risk skill globally, reinforcing the need for professionals who can set direction, adapt to changing market forces and translate learning into measurable business impact.

    Speaking at the announcement, Ritu Mehta, Professor of Marketing and Megha Sharma, Professor of Operations Management at IIM Calcutta shared, “At a time when enterprises are navigating technology-led disruption and shifting market expectations, managers need the ability to interpret complexity with judgement and clarity. The Executive Programme in Business Management has been designed to help experienced professionals strengthen strategic thinking, broaden managerial perspective, and lead change with confidence across functions, sectors and organisational contexts today.”

    Sridhar Nagarajachar, Business Head – Executive Education, TimesPro said, “The EPBM continues to serve professionals who are preparing for wider leadership mandates and enterprise-level responsibilities. Through our collaboration with IIM Calcutta, we aim to deliver a learning experience that combines academic rigour, peer exchange and applied insight, enabling learners to translate management frameworks into meaningful business outcomes with agility and confidence.”

    Over the years, the Executive Programme in Business Management has continued to attract accomplished professionals, with over 40 per cent of learners bringing more than 15 years of work experience. The programme has attracted participation from Senior Managers, Directors, Vice Presidents, General Managers, COOs, and Consultants across sectors such as IT, BFSI, automotive, FMCG, healthcare, logistics, hospitality and e-commerce. EPBM remains a strong learning pathway for professionals aspiring to transition from functional roles to broader business and enterprise leadership mandates.

    The EPBM curriculum offers a comprehensive exploration of foundational and advanced management domains, including Financial Reporting and Cost Accounting, Marketing, Operations, Leadership and People Skills, Strategic Management, Decision-Making, Digital Transformation and Business Analytics, among others. Through a blend of rigorous pedagogy, simulations, peer engagement and faculty-led insights, participants develop the perspective and capability required to move from functional excellence to agile business leadership. The programme also includes a capstone project, enabling learners to collaborate on real-world business challenges and apply the concepts, frameworks and analytical tools covered during the programme.

    TimesPro will deliver the programme through its Direct-to-Device learning platform, complemented by two immersive five-day campus modules at IIM Calcutta. These campus immersions will enable deeper faculty interaction, peer learning and meaningful professional networking. Applicants must hold a recognised bachelor’s degree with a minimum of 50 per cent marks and have at least five years of full-time work experience after graduation. Upon successful completion of the programme, learners will receive IIM Calcutta Executive Education Alumni Status.

    About the Indian Institute of Management Calcutta:

    Established in November 1961 by the Government of India in collaboration with Alfred P. Sloan School of Management (MIT), the Government of West Bengal, the Ford Foundation, and Indian Industry. The Indian Institute of Management Calcutta (IIM Calcutta) was the first national institute for post-graduate studies and Research in Management.

    Over the last six decades, IIM Calcutta has gained global repute for imparting high-quality management education through its Post-Graduate and Doctoral level programs, Executive Training Programs, and Research and Consulting Activities. It is the first ‘Triple Accredited’ management school from India with accreditations from the Association to Advance Collegiate Schools of Business (AACSB), European Quality Improvement System (EQUIS), and Association of MBAs (AMBA).

    Today, IIM Calcutta is one of Asia’s finest Business Schools. Its strong ties to the business community make it the ideal institution to attract India’s best talent and promote management practices in Indian organisations.

    About TimesPro:

    TimesPro, established in 2013, is a leading Higher EdTech platform dedicated to empowering the career growth of aspiring learners by equipping them with skills to rise in a competitive world. TimesPro’s H.EdTech programmes are created to meet the rapidly changing industry requirements and have been blended with technology to make them accessible & affordable.

    TimesPro offers a variety of created and curated learning programmes across a range of categories, industries, and age groups. They include employment-oriented early career programmes across BFSI, e-Commerce, and technology sectors; executive education for working professionals in collaboration with premier educational institutions like IIMs and IITs; and organisational learning and development interventions at the corporate level.

    TimesPro also collaborates with India’s leading organisations across varied sectors to provide upskilling and reskilling solutions to boost employability and create a robust workforce. TimesPro is a Higher EdTech initiative by The Times Group.

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  • Sumeet Industries Limited’s Rs. 199.75 Cr Rights Issue to Fund 140,000 TPA Capacity Expansion, Debt Reduction and Solar Project

    Sumeet Industries Limited’s Rs. 199.75 Cr Rights Issue to Fund 140,000 TPA Capacity Expansion, Debt Reduction and Solar Project

    Surat (Gujarat) [India], June 23: Sumeet Industries Limited, (NSE Code: SUMEETINDS, BSE Code: 514211), one of the leading integrated polyester manufacturers engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), and Polyester Texturized Yarn, has announced a Rights Issue for its eligible shareholders aimed at enhancing financial flexibility and supporting the Company’s strategic business priorities.

    Rights Issue Overview:

    The Board of Directors of Sumeet Industries Limited has approved the terms of a Rights Issue aggregating to ₹199.75 Cr through the issuance of ₹16.84 Cr fully paid-up equity shares.

    The Company proposes to deploy ₹49.00 Cr from the Rights Issue proceeds towards the acquisition and operationalization of an additional 140,000 Ton Per Annum Polyester Chips (CP) Plant acquired from Nakoda Limited in Surat, Gujarat. The project involves a total capital outlay of ₹90.00 Cr, with the balance ₹41.00 Cr being funded through internal accruals. Expected to be recommissioned in Q1 FY27-28, the facility will strengthen backward integration and support the Company’s downstream polyester manufacturing operations.

    Key Terms of Rights Issue:

    • Rights Issue Size: ₹199.75 Cr
    • Shares Offered: 16.84 Cr Equity Shares
    • Issue Price: ₹11.86 Per Share
    • Face Value: ₹2 Per Share
    • Entitlement Ratio: 8 Rights Shares for every 25 Shares Held
    • Record Date: June 12, 2026
    • Issue Opens: June 22, 2026
    • Last Date for Renunciation: July 15, 2026
    • Issue Closes: July 20, 2026

    Proposed Utilisation of Net Proceeds (₹194.90 Cr):

    • Working Capital Support (₹100.00 Cr): To strengthen working capital requirements, support higher production volumes, and ensure efficient procurement of raw materials.
    • Nakoda Asset Integration (₹49.90 Cr): To facilitate the integration, operationalization, and ramp-up of acquired assets of Nakoda Limited.
    • Debt Repayment (₹23.00 Cr): To prepay existing borrowings, reduce finance costs, and strengthen the Company’s balance sheet.
    • 6.5 MW Solar Power Plant (₹22.00 Cr): To establish a captive solar power plant, reduce energy costs, and enhance long-term energy security and sustainability.

    Strategically, the proposed capital allocation is focused on four key pillars – manufacturing scale-up, asset integration, balance sheet strengthening, and energy security. Together, these initiatives are expected to enhance operational resilience, improve resource efficiency, and strengthen the Company’s long-term growth platform. The planned investments are intended to strengthen Sumeet Industries’ competitive positioning while supporting sustainable and profitable growth over the long term.

    The capital raised through the Rights Issue will support Sumeet Industries’ next phase of growth by strengthening working capital, accelerating the integration of acquired manufacturing assets, optimizing the capital structure through debt reduction, and enhancing energy security through a captive solar power facility. These initiatives are expected to improve operational efficiency and expand manufacturing capabilities.

    Commenting on the Rights Issue, Mr. Pratik R. Jaju, Managing Director of Sumeet Industries Limited said, “The Rights Issue marks an important milestone in Sumeet Industries’ growth journey and reflects our commitment to strengthening the Company’s operational and financial position. We are pleased to offer our existing shareholders an opportunity to participate in the Company’s future growth.

    The proposed fund raise of ₹199.75 Cr will support key strategic priorities, including working capital requirements, integration of acquired manufacturing assets, debt reduction, and investment in a captive solar power facility. A key focus area will be the operationalization of the recently acquired Polyester Chips manufacturing facility from Nakoda Limited, which is expected to strengthen backward integration and enhance our integrated polyester value chain.

    This acquisition will support our downstream POY and FDY operations, enhance operational scale, and provide a strong platform for future growth. Driven by the anticipated benefits of this acquisition and its integration, the Company expects approximately 30% growth in Total Income during FY 2026-27, with EBITDA margins in the range of 5.0%–6.0%. Following the successful integration of the acquisition, Total Income is expected to nearly double in FY 2027-28, while EBITDA margins are expected to improve to 5.5%–6.5%.

    As we continue to focus on expanding our presence across the polyester value chain and strengthening backward integration, we believe this Rights Issue will further position the Company to capitalize on emerging growth opportunities and deliver sustainable long-term value for all stakeholders.”

    About Sumeet Industries Limited

    Incorporated in 1988, Sumeet Industries Limited is a Surat-based integrated polyester manufacturer engaged in the production of Pet Chips, Partially Oriented Yarn (POY), Fully Drawn Yarn (FDY), and Polyester Texturized Yarn. The company has been taken over by the Eagle Group, Successful Resolution Applicant, in pursuance of the Hon’ble NCLT order dated 16 July 2024. The promoters of Eagle Group are seasoned technocrats with over 40 years of experience in the textile industry, bringing strong operational and strategic expertise to the company.

    With over four decades of experience, Sumeet Industries operates a technologically advanced manufacturing facility equipped with international-standard quality testing and R&D infrastructure for developing a wide range of yarns and applications. The Board has approved Phase 1 of the polyester yarn capacity expansion, involving an addition of 15,000 tonnes per annum with an investment of ₹30 Cr, aimed at strengthening the company’s presence in the value-added synthetic yarn segment while supporting scale and profitability.

    The company has also invested a 27% stake in HI-URJA TECHNO LLP, a Solar Power Generating Plant which has an installed capacity of 14 MW as a captive consumer and has been sourcing solar. Apart from this, the company has also been weighing to source to get renewable power (Solar, Wind, and Both) under Captive/Group captive from various generators.

    Sumeet Industries is also focusing on developing value-added yarns, introducing bright and dope dyed yarn, and widening its product range to cater to diverse applications within the domestic textile industry.

    In FY26, the company recorded revenue of ₹1,053.81 Cr, EBITDA of ₹60.77 Cr, and Profit After Tax (Including Exceptional Item) of ₹27.33 Cr.

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

  • ORA Group Forays into Integrated Township and Plotted Development Through ORA Land; Unveils Vision for Landmark Community at Karjat

    ORA Group Forays into Integrated Township and Plotted Development Through ORA Land; Unveils Vision for Landmark Community at Karjat

    Surya Kumar Yadav Joins Hands with ORA Land for BluBay at Karjat

    Mumbai (Maharashtra) [India], June 23: Diversifying its real estate portfolio and expanding its presence across high-growth segments, ORA Group has announced its strategic entry into the integrated township and plotted development space through ORA Land, the Group’s dedicated land development vertical. Marking a significant milestone in the company’s growth journey, ORA Land has chosen Karjat as the location for its maiden development—a large-scale, thoughtfully planned community envisioned to redefine land ownership through modern infrastructure, lifestyle amenities and sustainable living.

    • ORA Group strengthens its real estate footprint with a strategic entry into land development through ‘BluBay’ by ORA Land
    • Chooses Karjat, one of MMR’s fastest-growing investment destinations, for its maiden integrated township and plotted development
    • Announces Surya Kumar Yadav as the brand ambassador for BluBay

    The launch comes at a time when Karjat is rapidly emerging as one of the most sought-after real estate destinations within the Mumbai Metropolitan Region (MMR). Driven by transformational infrastructure projects, enhanced connectivity and increasing demand for nature-led living environments, the region has witnessed growing interest from both end-users and investors seeking long-term value appreciation alongside an improved quality of life.

    Commenting on the development, Ms. Unnati Varma, Director, ORA Land (by ORA Group), said, “Our foray into integrated township and plotted developments marks a natural evolution of ORA Group’s real estate vision. Karjat offers a unique combination of connectivity, natural beauty, and long-term growth potential, making it the ideal destination for our first project in this segment. With BluBay, we are creating far more than a plotted development—we are building a thoughtfully planned lifestyle destination anchored by a crystal-clear lagoon, expansive open spaces, wellness and recreational experiences, and world-class design. Conceived in collaboration with Morphogenesis, one of India’s most awarded architecture firms and among the world’s Top 100 architectural practices, and powered by Fluidra’s global expertise in delivering iconic lagoon experiences; BluBay brings an international standard of living to the Mumbai Metropolitan Region. Through ORA Land, we aim to create future-ready communities that seamlessly blend nature, design, and infrastructure while generating enduring value for homeowners, investors, and the wider region.”

    Further strengthening the project’s positioning and brand appeal, Indian cricket star Suryakumar Yadav has recently been announced as the Brand Ambassador for BluBay, ORA Land’s flagship development in Karjat. The association follows a series of intriguing social media posts by the cricketer that generated widespread curiosity around the concept of #T60Life. Beginning with his May 26 post, “Hey Guys, I’m stepping into something bigger. A new chapter. At a different pace. It’s called the #T60Life. Stay Tuned!”, and followed by a teaser video released on June 12 carrying the message, “Get Ready To Witness Something Bigger. 360 degree on the field. T60 Life beyond it. #T60Life”, the campaign has successfully built anticipation around a lifestyle that extends beyond conventional urban living.

    ORA Land Unveils Surya Kumar Yadav as Face of BluBay Project in Karjat

    The collaboration reflects a shared vision of embracing balance, wellness and meaningful living experiences. It also reinforces BluBay’s positioning as a destination that seamlessly integrates nature, recreation, community living and long-term wealth creation within one of MMR’s most promising growth corridors.

    The upcoming development is envisioned as a comprehensive integrated township featuring well-demarcated residential plots complemented by robust infrastructure, landscaped open spaces, recreational zones, wellness-focused amenities and community-centric facilities. Designed to appeal to homebuyers, second-home seekers and investors alike, the project aims to offer a carefully curated environment that combines the flexibility of land ownership with the conveniences of modern township living.

    Over the past few years, Karjat has steadily transformed into a preferred destination for both residential and second-home investments. Improved rail and road connectivity, proximity to Mumbai, Navi Mumbai and Pune, and the development of major infrastructure projects across the region have significantly enhanced its attractiveness. At the same time, changing consumer preferences have accelerated demand for spacious, wellness-oriented environments, resulting in strong traction for plotted developments and integrated communities.

    ORA Land’s entry into the segment aligns with ORA Group’s long-term vision of unlocking the potential of strategically located land parcels and transforming them into organized, future-ready destinations. By combining thoughtful planning, sustainable development principles and customer-centric design, the company aims to create vibrant communities that cater to the evolving aspirations of modern homebuyers while contributing to the region’s overall growth.

    Looking ahead, ORA Land plans to actively explore opportunities across emerging growth corridors in Maharashtra and other strategic markets. With a focus on quality development, innovation and long-term value creation, the company is committed to building destinations that not only enhance lifestyles but also create enduring value for customers, investors and stakeholders.

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  • New Data Shows Big Tech Lock-In Is Limiting Consumer Choice

    New Data Shows Big Tech Lock-In Is Limiting Consumer Choice

    New Delhi [India], June 23: As India’s digital economy scales, a group of Indian companies commissioned a first-of-its-kind consumer survey with Kantar to understand how people experience today’s digital ecosystem, and whether platform practices shape consumer choice and competition.

    Based on responses from 500 urban, digitally active users across India, the survey suggests that a small number of platforms increasingly shape how consumers search, communicate, navigate, store information, and access digital services. It also points to consumer concerns around switching between services, visibility of alternatives, pricing, and the growing influence of integrated digital ecosystems.

    Beyond competition and consumer outcomes, these patterns also raise broader questions about resilience and dependence in digital markets. The survey indicates that several of the digital services used most frequently by respondents are concentrated among a small number of global platforms. As digital services become more deeply embedded in everyday life, this concentration may increasingly influence not only consumer outcomes, but also innovation, market access, and longer-term technological capability for India.

    Commenting on the findings, Mr. Murugavel, Founder and CEO, Bharat Matrimony, said, “As a founder who has spent over two decades building a consumer internet business in India, I firmly believe that India has the talent and ambition to build its own thriving homegrown platforms at par with global ones. The survey findings highlight why that remains such a challenge. Consumers are not the beneficiaries of concentration. They are paying the price through higher costs, limited portability of their data, and fewer meaningful choices. For entrepreneurs, when a handful of global platforms control discovery, app store visibility, and default placement, even the best Indian products struggle to reach users. It is not that consumers do not want alternatives, they just find it difficult to find them and harder to switch to.”

    Echoing Mr. Murugavel’s sentiments, Mr. Snehil Khanor, Founder, Truly Madly, said “India’s digital ecosystem cannot thrive on talent alone when critical gateways are controlled by a few. This is where regulation that levels the playing field by curbing unfair practices becomes important. We need to give Indian founders a fair chance to compete and consumers the homegrown innovation and choice they have clearly said they want.”

    Market Concentration Across the Digital Stack

    • Within the survey sample, usage patterns suggest near-universal usage of a single provider across foundational services:
    • 100% of respondents use Google for search and personal email, and 98% for web browsing via Chrome.
    • 97% use Google Maps for navigation and 96% use Google Drive for cloud storage.
    • For video communication, the most used apps are WhatsApp (94%) and Google Meet (77%).

    These patterns suggest that, for this sample, day-to-day digital activity is anchored to a narrow set of incumbents.

    High Switching Costs May Entrench Incumbents

    While integrated ecosystems offer convenience, respondents who had attempted to switch reported practical barriers to exit:

    • 55% report difficulty transferring data across platforms.
    • 48% say having contacts on another platform made switching harder.
    • 35% report losing access to prior purchases or subscriptions when switching.

    Nearly 42% respondents said that they find integrated ecosystems limiting or prefer to avoid them, highlighting a trade-off between usability and autonomy.

    Self-Preferencing and Platform Gatekeeping

    The survey points to widespread consumer awareness of platform promotion:

    • 82% report frequently noticing platform-owned products or services promoted in search results, recommendations, or app stores.
    • 76% report features or accessories working better within the same brand ecosystem.
    • 64% report receiving suggestions to buy additional products from the same company.
    • Only 4% report experiencing none of these behaviours.

    This suggests that many consumers perceive large platforms as occupying a gatekeeping position that may influence discovery and consumption patterns within their own ecosystems.

    Implications for Pricing and Consumer Welfare

    Consumer awareness of app store commissions is high. Many consumers also associate these commissions with higher prices.

    • 85% are aware that app stores charge developers high commissions
    • 95% believe app store commissions increase the prices consumers pay for apps and digital services.
    • 60% report experiencing large tech companies offering free or cheap services initially before raising prices significantly, with a further 33% reporting this sometimes.

    These findings reflect consumer concerns that market power in digital ecosystems may translate into higher long-term costs.

    Barriers to Entry for Indian Alternatives

    Despite rising policy focus on digital sovereignty and domestic innovation, respondents see structural barriers to adopting Indian alternatives:

    • 57% attribute foreign app dominance to network effects (existing user bases).
    • 62% point to first-mover advantage and stronger visibility in search and app stores.
    • 58% say they would consider switching if data could transfer smoothly, and 55% if Indian apps were easier to find in search and app stores.

    Notably, only 38% felt Indian alternatives were not as good, suggesting the gap is perceived as structural rather than a matter of product quality.

    AI-Led Consolidation: A Possible Next Phase

    The emergence of AI-driven interfaces may further entrench incumbent advantages:

    • 45% of respondents use pre-installed AI assistants (such as Siri, Google Assistant, or Alexa) either primarily or alongside other options, and only 16% report switching away from the default.
    • 87% say they typically rely on the AI-generated answer shown in search and find it usually sufficient, rather than clicking through to external websites, raising questions about traffic to independent publishers and how AI-mediated discovery may shape competition.

    Policy Implications: The Case for Ex-Ante Regulation

    The findings come as India considers the Digital Competition Bill, which proposes a shift from reactive (ex-post) enforcement to proactive (ex-ante) regulation for large digital gatekeepers. Measures under consideration include restrictions on self-preferencing, mandates for interoperability and data portability, and limits on anti-competitive bundling that are increasingly discussed as tools to support competition in digital markets and safeguard consumer choice.

    Outlook: Competition as a Consumer Imperative

    The survey indicates consumer alignment with pro-competition outcomes:

    • 86% expect improved quality and innovation with more competition.
    • 66% want easier switching without losing data.
    • 58% anticipate lower prices.

    The survey is intended as a first probe – a dipstick – focused on a digitally active, higher-engagement consumer segment. The patterns identified are strong enough to warrant deeper and larger-scale examination across broader consumer groups. As India’s digital economy continues to scale, the broader challenge for policymakers will be ensuring that growth and convenience do not come at the cost of competition.

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  • Cinerea Films: A Decade of Commercial Excellence. Now, a Full-Stack Studio.

    Cinerea Films: A Decade of Commercial Excellence. Now, a Full-Stack Studio.

    Mumbai (Maharashtra) [India], June 23: Mumbai-based production and storytelling company Cinerea Films announces the formal expansion of its founding team, with Sumukh Tawde and Rohan Patil joining as Co-founders alongside Rohit Mhatre, who established the company in 2016. Together, the three bring over three decades of combined experience across production, content development, and brand strategy, and a shared conviction that India’s best stories are still largely untold.

    • Sumukh Tawde and Rohan Patil Join Rohit Mhatre as Co-Founders to Lead the Studio’s Next Chapter

    • A New Development Slate Spanning Feature Films and Streaming Originals Takes Shape

    Over the past decade, Cinerea has delivered 250+ brand films across 60+ clients spanning FMCG, automotive, real estate, hospitality, fashion, consumer durables, lifestyle and luxury, and social impact, building campaigns for brands including HUL, Honda, Tanishq, Reliance Digital, ITC, Sterling Holidays, Tata Trusts, and Maruti Suzuki. With creative development, production, and marketing now fully integrated under one roof for the first time, Cinerea is extending its capabilities into feature films, streaming originals, and original IP development, while its advertising and production work remains a thriving core vertical.

    As India’s content ecosystem evolves, shaped by the rise of streaming platforms, shifting audience behaviour, creator-led media, and AI, the lines between entertainment, branded storytelling, and audience engagement are converging. Brands are increasingly seeking integrated content solutions, and the companies best positioned to deliver are those that can think, create, market, and measure under one roof. Cinerea’s expanded founding structure is built to address exactly this convergence: a full-stack studio combining storytelling, content production, marketing strategy, and AI capabilities.

    The Founding Team:

    Rohit Mhatre, Co-Founder, Production & Original Media, spent over a decade building Cinerea from a respected ad-film company into a full-fledged production house, before turning to original cinema. He has produced two Marathi feature films, including Punashcha Hari Om, widely viewed on ZEE5 and Zee Talkies, and is now leading Cinerea’s push into next-generation production.

    Sumukh Tawde, Co-Founder, Content & Creative Development, brings over a decade across cinema, television, OTT, and digital. Part of the team that launched ZEE5, where he led shows across Hindi, Marathi, Tamil, and Telugu, and a long-standing voice in Zee’s Marathi Movie cluster, he brings a sharp narrative instinct and a deep understanding of what connects with audiences across languages and markets.

    Rohan Patil, Co-Founder, Strategy & Growth, brings a strong understanding of audience behaviour, brand building, and entertainment marketing, having led the launch of five television channels, sports IPs, marquee events, and film campaigns across Zee Entertainment and Viacom18, earning multiple industry Golds including CMO Asia. At Cinerea, he leads growth and strategic initiatives aimed at building an integrated creative ecosystem where storytelling, audience understanding, and business objectives work in tandem for both scale and impact.

    “Our DNA has always been rooted in powerful visual grammar. We spent a decade mastering it in advertising. Now, with the right team in place, we are ready to bring that same rigour to long-form storytelling.”

    Rohit Mhatre, Co-Founder, Production & Original Media, Cinerea Films

    “Good creative work is never just about aesthetics. It’s about what someone feels when the screen goes dark, and whether that feeling stays with them. That conviction is what drives everything we build at Cinerea.”

    Sumukh Tawde, Co-Founder, Content & Creative Development, Cinerea Films

    “The market no longer separates content from marketing from distribution. It’s all one conversation now. Cinerea is built for that reality, where strategy and storytelling sit together from day one, and every piece of work is designed not just for creative impact, but for real commercial value.”

    Rohan Patil, Co-Founder, Strategy & Growth, Cinerea Films

    The expanded founding team will lead Cinerea Films’ growth initiatives, institutional entertainment partnerships, and an active development pipeline of original IPs. The studio’s content slate spans feature films, streaming originals, and branded content across languages and distribution platforms.

    Further announcements regarding Cinerea Films’ development slate and upcoming production partnerships are expected in the coming months.

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