Tag: Business

  • Srivari Spices and Foods Reports H1 FY26 Results

    Srivari Spices and Foods Reports H1 FY26 Results

    Hyderabad (Telangana) [India], November 18: Srivari Spices and Foods Limited (NSE: SSFL), one of the leading FMCG companies engaged in the manufacturing and marketing of flours, spices, and instant mixes, announced its Unaudited Consolidated Financial Results for the half year ended September 30, 2025.

    Key Financial Highlights (Consolidated) – H1 FY2025-26

    Particulars H1 FY26 H1 FY25 YoY Growth
    Total Income ₹7,877.72 Lakhs ₹5,283.89 Lakhs ↑ 49.09%
    EBITDA ₹1,343.71 Lakhs ₹880.26 Lakhs ↑ 52.65%
    EBITDA Margin 17.06% 16.66% +40 bps
    Profit Before Tax (PBT) ₹1,017.26 Lakhs ₹682.53 Lakhs ↑ 49.04%
    Profit After Tax (PAT) ₹720.37 Lakhs ₹491.19 Lakhs ↑ 46.66%
    EPS (₹) 8.41 6.88 ↑ 22.24%

    Operational Highlights (H1 FY26)

    • Strong growth in both flour and spices segments, supported by consistent demand and widening distribution reach.
    • Ongoing capacity expansion and process automation initiatives aimed at improving operational efficiency and sustaining margins.
    • Focused marketing efforts and increasing penetration across South Indian markets driving volume growth.

    Mrs. Neihaa Rathi, Chairperson & Whole Time Director Comment:

    “We are delighted to report another strong performance in H1 FY26, driven by healthy growth across all key product segments. Our focus on quality, purity, and consumer trust continues to differentiate Srivari in an increasingly competitive FMCG landscape.

    Looking ahead, we are committed to expanding our product basket with a sharper focus on instant mixes and blended spices while further scaling up automation and operational efficiency. Strategic efforts are also underway to enhance our retail reach, strengthen our brand visibility, and increase our footprint beyond South India.

    With a robust financial position, efficient manufacturing capabilities, and a clear roadmap for expansion, Srivari Spices is well positioned to sustain its growth trajectory and deliver long-term value to all.”

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  • Mumbai Stays Reimagined: Spotlight on the Best and Most Affordable Hotels for Every Traveller

    Mumbai Stays Reimagined: Spotlight on the Best and Most Affordable Hotels for Every Traveller

    Bengaluru (Karnataka) [India], November 19: Mumbai is known as the city of dreams. It is known for its bustling streets, vibrant culture, and endless opportunities. If you’re a business traveler, a family on vacation, a solo explorer, or someone visiting friends, finding the right accommodation in this sprawling metropolis is key to unlocking an unforgettable experience. With a dynamic hospitality scene, Mumbai offers an impressive range of options, but navigating these to find the best fit can be daunting. That’s where Bag2Bag Hotels and Homes steps in, reimagining how travellers discover and book hotels in Mumbai, ensuring that everyone finds the perfect stay, no matter their budget or preference.

    The Mumbai Hotel Landscape: Diverse Choices for Every Traveller

    Mumbai’s hotel industry is as diverse as the city itself. From luxury five-star hotels with world-class amenities to budget-friendly options that deliver comfort without compromise, there’s something for everyone. The demand for the best hotels in Mumbai has skyrocketed with the city’s rapid growth as a commercial and tourist hub. However, quality and affordability don’t always go hand in hand.

    Many travelers struggle to find trustworthy, affordable hotels that meet their expectations. The challenge often lies in  switching  through countless listings.  Bag2Bag’s innovative platform addresses this pain point, offering a seamless booking experience that highlights verified properties across the city, all at competitive prices.

    Bag2Bag: Changing the Way You Book Hotels in Mumbai

    At Bag2Bag Hotels and Homes, the vision is simple but powerful: to make booking the best ,effortless and enjoyable. By curating a wide variety of stays, Bag2Bag offers travellers an extensive options ranging from cheap hotels in Mumbai to premium hotels  all thoroughly chosen for quality, cleanliness, and service.

    What sets Bag2Bag apart is its customer-centric approach and technology-driven platform that empowers users to filter choices based on location, price and traveller reviews. This means whether you’re looking for a budget-friendly hotel near the business district or a luxury stay in South Mumbai, Bag2Bag brings all the options to your fingertips.

    “Our goal at Bag2Bag is to revolutionize how travellers experience hospitality. We believe everyone deserves a stay that matches their needs, whether it’s luxury, convenience, flexibility or affordability,” said Alok Mishra, CEO of Bag2Bag Hotels and Homes. “By leveraging technology and strong partnerships, we ensure our customers can effortlessly discover the best hotels in places like Mumbai, while enjoying great value.”

    Why Choose Bag2Bag for Your Mumbai Stay?

    1. Curated Selection of Best Hotels in Mumbai: Bag2Bag partners only with trusted hotels that meet high standards. This ensures that every booking offers comfort, safety, and excellent service.

    2. Affordable Options for Every Budget: One of the top priorities at Bag2Bag is affordability without sacrificing quality. Bag2Bag provides exclusive deals, discounts, Free 11th stays, Credit points on each bookings, and  other value-added services, helping travellers maximize their stay without overspending.

    3. Flexible Stays to Match Your Itinerary: Mumbai’s fast-paced life means plans can change on a dime. Bag2Bag offers hourly and overnight stays, allowing travellers to book precisely for the duration they need — perfect for business travellers with tight schedules or tourists who want to explore without hassle.

    4. Seamless Booking Experience: The user-friendly Bag2Bag app and website simplify the entire booking process, from searching to payment and confirmation. With 24/7 customer support, travellers can rest assured that help is just a click away.

    5. Diverse Locations Across Mumbai: Whether you prefer the lively neighborhoods of Bandra, the corporate hubs of Andheri, or the cultural richness of Colaba, Bag2Bag’s portfolio spans the city’s most sought-after areas, ensuring convenience and accessibility.

    “Flexibility is a key factor in today’s travel. Our platform allows travellers to book stays that truly fit their schedule and budget, whether it’s for a few hours or several nights,” added Anurag Tiwari, COO at Bag2Bag.

    Making Mumbai Affordable Without Compromising Comfort

    Affordable travel doesn’t mean compromising on comfort or experience. Bag2Bag understands that travellers want value and peace of mind. The platform’s extensive hotels in Mumbai ensure options that offer clean rooms, modern amenities, and warm hospitality all at pocket-friendly prices.

    For families or groups, Bag2Bag also features homes and service apartments that provide extra space and privacy, making stays comfortable and cost-effective. This flexibility makes it easier than ever for travellers to find a stay that matches their unique needs.

    Travelling to Mumbai for Work or Leisure? Bag2Bag Has You Covered

    Mumbai is India’s financial capital, drawing thousands of professionals every day. Business travellers often look for accommodations that combine proximity to offices with relaxation after a long day. Bag2Bag’s curated list of best hotels in Mumbai includes properties near key business districts, enabling travellers to save commute time and enjoy amenities designed for productivity and comfort.

    On the other hand, tourists visiting Mumbai’s iconic landmarks like the Gateway of India, Marine Drive, or Elephanta Caves can find stays perfectly located to explore the city’s heritage and nightlife. Bag2Bag’s detailed filters help users pick hotels that suit sightseeing plans, budget, and personal preferences.

    A Commitment to Quality and Trust

    In today’s digital age, trust is everything. Bag2Bag prioritizes transparency and verified reviews, so travellers can book with confidence. Every hotel or home stays listed goes through stringent quality checks, and customer feedback is actively monitored to maintain high standards.

    Moreover, Bag2Bag’s dedicated customer care team is always ready to assist with queries or changes, ensuring a smooth experience from booking to checkout.

    Join the Bag2Bag Community, Experience Mumbai Like a Local

    Beyond just hotel bookings, Bag2Bag is building a community of travellers who value convenience, affordability, and authentic experiences. Through exclusive offers, loyalty rewards, FREE 11th stays, Bag2Bag invites everyone to explore Mumbai in a smarter, more connected way.

    “We’re not just about bookings, we’re about creating memories. Cities like Mumbai are full of stories, and we want our travellers to live those stories with comfort and ease,” concluded Alok.

    Book Your Mumbai Stay Today

    Ready to experience Mumbai like never before? Visit www.bag2bag.in or download the Bag2Bag app to explore an unmatched selection of hotels and homes tailored to every traveller’s needs. With Bag2Bag, your perfect Mumbai stay is just a few clicks away.

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  • Bodhi Tree Multimedia Reports Strong Net Profit Growth of 185 Percent in H1 FY26

    Bodhi Tree Multimedia Reports Strong Net Profit Growth of 185 Percent in H1 FY26

    Mumbai (Maharashtra) [India], November 19: Bodhi Tree Multimedia Ltd, (NSE: BTML | BSE: 543767 | INEOEEJ01023), one of India’s leading content production houses, with a strong portfolio of successful television and digital shows has announced its Unaudited Financial Results for the Q2 FY26 & H1 FY26.

    Key Financial Highlights

    H1 FY26 Consolidated Key Financial Highlights

    * Total Income of ₹ 42.81 Cr, YoY growth of 30.40%

    * EBITDA of ₹ 6.47 Cr, YoY growth of 149.10%

    * EBITDA Margin of 15.12%, YoY growth of 720 Bps

    * PAT of ₹ 3.53 Cr, YoY growth of 185.24%

    * PAT (%) of 8.23%, YoY growth of 447 Bps

    Q2FY26 Consolidated Key Financial Highlights

    * Total Income of ₹ 24.40 Cr, YoY growth of 64.63%

    * EBITDA of ₹ 4.91 Cr, YoY growth of 53.18%

    * EBITDA Margin of 20.12%, YoY decline of 150 Bps

    * PAT of ₹ 3.05 Cr, YoY growth of 35.56%

    * PAT (%) of 12.50%, YoY decline of 268 Bps

    Commenting on the performance, Mr. Mautik Tolia, Managing Director, Bodhitree Multimedia Limited said: “We are pleased with the strong growth momentum this quarter, reflecting the creative strength of our team and the increasing trust we enjoy from broadcasters and OTT partners. Our recent collaboration with AKCH has further strengthened our industry position and created a wider canvas for premium storytelling. Despite a softer base in a few pockets, our overall performance continues to move in the right direction with higher efficiency and better execution across projects.

    Looking ahead, we remain optimistic about the opportunities emerging in India’s content ecosystem, supported by rising demand for high-quality, differentiated programming across TV and digital platforms. With a robust pipeline of original shows and new IPs under development, we believe we are well-placed to capture industry tailwinds and scale our presence domestically and globally. We stay committed to building long-term value through sustainable growth and thoughtful creative expansion.”

    Recent Key Business Highlights

    • Strengthened industry position through a BTML–AKCH (Amit Khan Content Hub)collaboration that combines BTML’s scale and financing strength with AKCH’s storytellinglegacy and audience reach.

    • Improved structural efficiency and execution with a new SPV where BTML holds the majority stake, leading financing and operations while AKCH drives creative development.

    • Expanded growth roadmap with original TV and OTT projects designed for domestic and global markets, backed by strong storytelling and high production values.

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  • Hafele Strengthens Intelligent Access Solutions with RE-Ach and Prolock PL200

    Hafele Strengthens Intelligent Access Solutions with RE-Ach and Prolock PL200

    Hafele Re-Ach Digital Lock

    New Delhi [India], November 18: As a leader in intelligent interior and access solutions, Hafele continues to strengthen its presence in the digital security space with advanced products tailored to meet the needs of both residential and hospitality environments. Through its RE-Ach Digital Lock and Prolock PL200 Access Control System, Hafele combines technology, functionality, and design precision to deliver seamless and secure living experiences.

    For Residences

    Gone are the days of fumbling with a stack of keys or worrying about misplacing them. The RE-Ach Digital Lock from Hafele brings effortless, keyless convenience to modern homes. Designed to integrate seamlessly onto your main door, it combines robust security features with contemporary aesthetics, creating the perfect balance between safety and style. Encased in Rich Antique Copper and Black Matt finishes, the RE-Ach Digital Lock provides exceptional functionality and elevated aesthetics. Engineered with advanced access options and intuitive controls, the RE-Ach lock ensures homeowners enjoy both peace of mind and an enhanced living experience.

    Hafele

    For Hospitality

    Tailored to meet the demands of hotels and commercial spaces, Hafele’s Prolock PL200 Access Control System offers a comprehensive and efficient solution for managing multiple access points. Equipped with smart technology, user-friendly operation, and durable design, the PL200 ensures secure, contactless entry for guests while streamlining control for property managers. Its sleek, modern appearance aligns with premium hospitality environments, making it the ideal choice for establishments seeking to elevate both security and guest convenience.

    With the RE-Ach and Prolock PL200, Hafele once again proves its leadership in intelligent access solutions, transforming everyday living into an experience of effortless security and sophisticated design.

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

    Log onto hafeleindia.com/en/info to find the nearest.

    Hafele showroom or design centre.

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  • Hafele Valeriya Dishwasher: The New Standard in Kitchen Hygiene

    Hafele Valeriya Dishwasher: The New Standard in Kitchen Hygiene

    Hafele Valeriya Dishwasher

    New Delhi [India], November 18: In a world where hygiene and convenience have become essential, Hafele’s Valeriya Semi-Integrated Built-In Dishwasher now comes equipped with an advanced feature engineered to deliver effective germ protection with every wash.

    At the core of Valeriya’s performance lies its Hygiene 72°C Wash Programme, designed to give you perfectly sterilised utensils that are safe to use. By washing at a sustained high temperature of 72°C, this programme effectively eliminates harmful bacteria and ensures the highest standards of cleanliness. It’s particularly ideal for children’s utensils, bottles, and cookware that demand extra care and sanitisation, offering families peace of mind with every cycle.

    With Valeriya, Hafele continues to uphold its vision of crafting intelligent, design-led appliances that enhance both functionality and well-being, transforming daily chores into moments of care, safety, and comfort.

    Hafele

    Log onto hafeleindia.com/en/info to find the nearest.

    Hafele showroom or design centre.

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

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  • Hafele introduces Profin Gola Profiles for Sleek, Handle-less Kitchen Designs

    Hafele introduces Profin Gola Profiles for Sleek, Handle-less Kitchen Designs

    Profin Gola Profiles for Sleek

    New Delhi [India], November 18: As urban living evolves, open kitchens are transforming into the heart of modern homes, spaces that blend functionality with design continuity. Reflecting this shift, Hafele’s Profin Gola Profiles bring the elegance of seamless, handle-less cabinetry to contemporary kitchens, enabling clean, uninterrupted surfaces that enhance both style and space.

    Crafted with Hafele’s advanced manufacturing technology and meticulous precision, the Profin Gola Profiles allow effortless integration of drawers and cabinets, creating a sleek and minimal look that aligns perfectly with modern design trends. Hafele’s innovative fastening system ensures easy installation and perfect alignment, offering both efficiency and aesthetic finesse.

    Available in six contemporary finishes: Silver, Graphite, Gold, Rose Gold, Dark Bronze, and Matt Black, Hafele’s Profin Gola Profiles adapt beautifully to diverse interior palettes. Whether blending subtly with muted tones or standing out as metallic highlights, these profiles bring a distinctive sophistication to every kitchen.

    With the Profin range, Hafele continues to elevate everyday living through intelligent, design-led solutions that merge functionality with refined aesthetics, transforming kitchens into truly seamless extensions of modern living spaces.

    Hafele

    Log onto hafeleindia.com/en/info to find the nearest

    Hafele showroom or design centre.

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

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

  • Bharat TULIP- Seller Buyer Meet Event on 20th November to Connect Artisans with Industry Stakeholders

    Bharat TULIP- Seller Buyer Meet Event on 20th November to Connect Artisans with Industry Stakeholders

    New Delhi [India], November 18: The Ministry of Social Justice & Empowerment, Government of India, through the National Backward Classes Finance and Development Corporation (NBCFDC), is organizing the Bharat TULIP – Seller Buyer Meet on 20th November 2025 at Dr. Ambedkar International Centre, New Delhi, from 11:00 AM to 2:00 PM. The event aims to create a platform for artisans to engage with buyers from retail, export, e-commerce, home décor, lifestyle and gifting sectors.

    Bharat TULIP (Traditional Artisans’ Upliftment Livelihood Program) is an initiative by the Ministry of Social Justice & Empowerment. Launched on 5th November 2024, Bharat TULIP is a transformative platform designed to empower marginalized artisans by integrating them into the global digital economy, while celebrating India’s rich craft traditions. The Bharat TULIP platform is enabling artisans to transform India’s traditional crafts from Local to Global, fully aligned with the national resolve of Vocal for Local and the mission of empowering grassroots entrepreneurship.

    Since its launch, TULIP has enabled structured support for artisans from marginalized communities by strengthening their market readiness and expanding economic opportunities on e-commerce platforms. The initiative has also empowered artisans to participate in exhibitions, trade fairs, and other sales channels, thereby enhancing their visibility and enabling sustainable revenue generation—an essential step towards realizing the vision of a Viksit Bharat.

    The program will feature:

    • Curated product showcases from multiple states
    • Live craft demonstrations
    • Sector-wise B2B interactions and business matchmaking
    • Trade facilitation desks for buyers and sourcing partners
    • Thematic showcase zones covering textiles, home & living, folk arts, natural materials, and handmade products

    About NBCFDC

    National Backward Classes Finance & Development Corporation (NBCFDC) is a Govt. of India Undertaking under the aegis of Ministry of Social Justice and Empowerment. The Corporation was incorporated under Section 25 of the Companies Act 1956 on 13th January 1992.The objective of the Corporation is to promote economic and developmental activities for the benefit of Backward Classes and to assist the poorer section of these classes in skill development and self-employment ventures. NBCFDC provides financial assistance through State Channelizing Agencies (SCAs) nominated by the State Governments/UTs and Banks (PSBs & RRBs).

    Website: https://nbcfdc.gov.in/

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  • Bajaj Finserv Asset Management Limited launches its Banking and Financial Services Fund to tap into India’s evolving financial growth story

    Bajaj Finserv Asset Management Limited launches its Banking and Financial Services Fund to tap into India’s evolving financial growth story

    Pune (Maharashtra) [India], November 18: Capitalizing on India’s accelerating financial growth story, Bajaj Finserv Asset Management Limited announced the launch of its Banking and Financial Services Fund, an open-ended equity scheme investing in Banking and Financial services sector. The New Fund Offer (NFO) opens for subscription on 10th November 2025 and closes on 24th November 2025. The fund is benchmarked against the NIFTY Financial Services TRI.

    • An open ended equity scheme investing in Banking and Financial Services sector
    • The fund will invest in 45–60 stocks shortlisted from a 180-200 megatrends universe of the Banking, NBFC, Insurance, Capital market intermediary, and asset management companies

    India’s Banking and Financial services (BFSI) sector is transforming at an unprecedented pace, expanding well beyond traditional banking to include NBFCs, insurers, AMCs, capital markets, and cutting-edge fintechs. Over the past two decades, the sector’s market capitalization has skyrocketed nearly 50X#, powered by rapid digitization, rising credit penetration, financial inclusion, and bold regulatory reforms. Today, the sector stands at the heart of India’s economic momentum, offering investors a gateway to participate in the country’s financial transformation and long-term wealth creation story.

    Built on Bajaj Finserv Mutual Funds’ Megatrends strategy, the fund aims to capture opportunities from India’s evolving financial ecosystem through a diversified portfolio spanning banks, NBFCs, insurers, AMCs, and other capital market participants. It will invest in 45–60* stocks shortlisted from a ~180-200-stock Megatrends universe aligned with long-term structural trends.

    Backed by megatrends such as UPI adoption, digital lending, Jan Dhan initiatives, and rising participation across NBFCs, mutual funds, and insurance, this scheme is designed for long-term investors with a higher risk appetite seeking wealth creation through focused exposure to the BFSI sector.

    Ganesh Mohan, Managing Director, Bajaj Finserv Asset Management Limited, said, “As India marches toward Viksit Bharat and becomes a Top 3 economy globally, the financial services sector will play a significant role in enabling this growth. India’s increasing affluence and aspirations will drive significant growth across different financial services like lending, insurance, investments, payments and capital market products. BFSI will increasingly be central to India’s growth & will attract both domestic and foreign pools of capital as the economy expands. We believe this gives investors a great opportunity to participate in this megatrend through a dedicated thematic fund which will identify opportunities across the entire financial services spectrum and look to benefit from the future growth in these sectors.”

    Nimesh Chandan, CIO, Bajaj Finserv Asset Management Limited, said, “Our investment approach for the Bajaj Finserv Banking and Financial Services Fund is anchored in rigorous research and disciplined stock selection. The fund will invest in 45–60 curated companies from a universe of 180-200 megatrends powered companies, across banking, NBFC, insurance, capital market intermediary, and asset management segments, ensuring both breadth and depth of exposure. While the sector offers multiple growth avenues, we believe superior outcomes are achieved by identifying businesses with sustainable competitive advantages, prudent capital allocation, and strong governance. By focusing on quality and maintaining a long-term orientation, we aim to deliver consistent risk-adjusted returns while giving investors access to the most compelling opportunities within India’s evolving BFSI landscape.”

    The equity portion of the fund is managed by Mr. Nimesh Chandan (CIO) and Mr. Sorbh Gupta (Head- Equity), while its debt investments are managed by Mr. Siddharth Chaudhary (Head- Fixed Income). The minimum application amount is ₹500 (Plus multiples of Re.1), with a minimum additional application of ₹100 (Plus multiples of Re.1). An exit load of 1% is applicable if the investment is redeemed within three months of the date of the allotment. The fund offers both Growth and IDCW (Income Distribution cum Capital Withdrawal) options.

    *The portfolio count is indicative, and actual number will depend on market conditions at the time of making investment.

    Source: #As mentioned in the fund scheme deck

    Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

    Bajaj Finserv Asset Management Limited PNN

    #The above product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made.

    *Investors should consult their financial advisers if in doubt about whether the product is suitable for them

    About Bajaj Finserv Asset Management Limited

    Bajaj Finserv Asset Management Limited (BFAML) is a 100% subsidiary of Bajaj Finserv Limited. Backed by one of India’s most respected brands, BFAML is set to offer an array of innovative investment solutions using a differentiated approach to investing, including but not limited to, mutual funds (equity, debt, hybrid), portfolio management services and alternative investment funds, subject to regulatory approval. With a future-focused investment strategy, it aims to help every Indian achieve life’s financial goals.

    To know more, visit www.bajajamc.com

  • Star Engineers and ConnectM Form StarConnectM LLP to Drive the Future of Smart Mobility

    Star Engineers and ConnectM Form StarConnectM LLP to Drive the Future of Smart Mobility

    Bengaluru (Karnataka) [India], November 18: Star Engineers India Pvt. Ltd. and ConnectM Technology Solutions Pvt. Ltd. have announced the formation of a new joint venture, StarConnectM LLP, established to design, develop, manufacture, and scale intelligent connected vehicle products for Automotive OEMs, with a roadmap toward broader mobility platforms.

    In today’s rapidly transforming automotive landscape, where software-defined vehicles (SDVs) and connected architectures are reshaping how OEMs design and deliver mobility, StarConnectM brings together the best of both worlds: Star Engineers’ large-scale manufacturing excellence, process reliability, and quality assurance and ConnectM’s Smart Vehicle Electronics & Intelligent Mobility Solutions

    This strategic alliance creates an integrated capability that few in the industry possess, combining the ability to innovate at the speed of software with the scale and reliability of mature automotive production systems.

    StarConnectM LLP marks a milestone in our journey toward intelligent mobility,” said Mr. Divya Ramraika, Managing Director, Star Engineers. “With ConnectM’s technology and Star’s manufacturing strength, we are creating scalable, reliable, and connected solutions that redefine the end-user experience.

    Mr. Girish Subramanya, Managing Director of ConnectM, added, “This joint venture eliminates the traditional gap between innovation and manufacturing. Automotive OEMs today need partners who can deliver technology architectures for connected, software-defined vehicles and also scale them seamlessly into production. StarConnectM stands exactly at that intersection, creating an ecosystem where technology and manufacturing co-exist as one integrated value chain.”

    Key Highlights of the Joint Venture

    • Entity: StarConnectM LLP
    • Partners: Star Engineers India Pvt. Ltd. and ConnectM Technology Solutions Pvt. Ltd.
    • Focus: Intelligent connected vehicle products, including connected vehicle architecture, software-defined vehicle platforms, and next-generation mobility electronics
    • Operations: Manufacturing excellence and quality systems by Star Engineers; technology innovation, software, and cloud enablement by ConnectM
    • Core Strength: A rare combination of large-scale, high-quality production and deep technology innovation that delivers a unified solution for OEMs seeking reliable, connected, and intelligent products
    • Value Proposition: End-to-end capability for Automotive OEMs from concept to production, integrating IoT intelligence, embedded electronics & software, and scalable manufacturing within one cohesive ecosystem
    • Territory: India (initially) with a roadmap for select global market expansion

    About Star Engineers

    Star Engineers India Pvt. Ltd. is a leading manufacturer of advanced automotive electronic systems, supplying global OEMs with products such as controllers, sensors, chargers, and clusters. Backed by decades of manufacturing excellence, process discipline, and strong quality systems, Star Engineers delivers scalable production aligned with global standards for safety, reliability, and performance.

    About ConnectM Technology Solutions

    ConnectM Technology Solutions Pvt. Ltd. is a technology company specializing in smart Mobility Solutions that include but not limited to Vehicle Control Units, Instrument Clusters, IoT, telematics, and vehicle intelligence software. Its expertise spans connected vehicle architecture, software-defined vehicles, embedded systems, and cloud analytics, enabling OEMs and enterprises to build intelligent, data-driven mobility products. ConnectM’s platforms empower customers to accelerate their transition toward smarter, connected, and software-centric vehicles.

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  • Revolution at the Locker: How Smartbox is Quietly Transforming Customer Deliveries for a Leading Private Bank in India

    New Delhi [India], November 18: At the intersection of last-mile delivery and banking efficiency stands Smartbox, a company best known for building India’s largest network of self service smart lockers. While most eyes are fixed on what’s happening inside banking apps, Smartbox is solving a different challenge altogether, how to deliver physical documents like cheque books, debit cards, and welcome kits without friction, delay, or dependence on branch timings.

    Their latest deployment? A full-scale rollout of an intelligent self-service locker system that allows customers to collect their important documents 24/7, without queues, paperwork, or home delivery hiccups. One of India’s top private sector banks is already using this to transform its branch operations, quietly setting a new benchmark for customer experience in the banking sector.

    The Forgotten Friction of Physical Deliveries

    Even in a country surging ahead with UPI and neobanking, banks still rely on physical documents for key customer interactions. But handing over a debit card shouldn’t take a half-day off from work. This is where self service smart locker solution enters the picture, replacing manual handovers with automated, secure, and always-available lockers. Once a document is ready, the customer gets an OTP or QR code via SMS. They walk up to the nearest smart locker solution , verify with the code, and collect their item, often in under 30 seconds.

    It sounds simple, and that’s precisely the point.

    From Branch Queue to Self-Service Culture

    For the banking partner, this wasn’t just a tech upgrade. It was a strategic shift in how physical touchpoints are managed. Branch staff, previously bogged down by non-banking tasks, could now focus on customer relationship management. At the same time, customers were freed from the tyranny of 10-to-4 banking windows. Smartbox’s lockers, which are now deployed in high-traffic branches, are offering the kind of flexibility modern consumers demand.

    Customers have been vocal in their appreciation.

    One reviewer shared, “24-hour available pickup spot-  even easier than an ATM to use. Simply enter your mobile number and OTP, and your box opens up.”

    Another called it “super convenient… the best use of technology, great initiative”

    Others described the experience as “really seamless and tech-savvy, almost like being in the UAE.”

    Beyond Banking: The Rise of Smart Locker Infrastructure

    Founded with a vision to modernize last-mile logistics, Smartbox has steadily become India’s go-to partner for smart locker infrastructure. While its early traction came from e-commerce click-and-collect services, its growing relevance in sectors like BFSI, healthcare, and enterprise IT shows just how versatile its model has become.

    With thousands of lockers across metros, Tier 2 cities, and high-security zones, the company offers a modular, API-enabled platform that fits into any ecosystem, whether that’s a public bank, a government department, or a hospital.

    “Smart locker systems are no longer a luxury,” says Vineet Sawhney, Founder of Smartbox Lockers. “They are an operational enabler, especially in high-volume service industries where reliability and traceability matter.”

    Why the Smart Locker Solution Model Works

    • 24/7 Availability: Customers can access documents at their convenience, not just during branch hours.

    • Contactless and Fast: No staff involvement, no forms, just an OTP and a locker.

    • Digitized Audit Trails: Every pickup is logged in real time for compliance.

    • Reduced Workload on Staff: Non-core tasks are offloaded, improving overall service quality.

    In the case of the prominent Indian bank, the outcomes were evident – shorter queues, quicker resolutions, and enhanced customer satisfaction, all delivered without compromising trust or causing any security breach.

    Redefining Trust Through Simplicity

    What’s most striking about Smartbox’s rise is its low-key, high-impact model. While many startups chase visibility, Smartbox is quietly embedding itself into the workflows of major institutions, delivering outcomes without fanfare. Their lockers don’t shout disruption. They whisper efficiency, one click, one code, one collection at a time. As more banks look for ways to blend physical and digital operations, the model might just become the industry standard. And Smartbox? It’s already a few steps ahead, building the physical backbone for India’s next digital leap.

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