Tag: Business

Mumbai (Maharashtra) [India], August 11: AtomicMeta (ATM), a next-generation blockchain ecosystem, is setting out to redefine the future of decentralized finance (DeFi) and digital asset management through its proprietary high-speed, low-fee ATMChain. Designed with a strong focus on scalability, security, and community-driven innovation, AtomicMeta integrates ultra-fast transactions, built-in staking rewards, and a pioneering coin-burning mechanism that accelerates scarcity and value appreciation. Backed by a diverse ecosystem spanning staking platforms, tokenized real estate, crypto cards, AI-powered trading, gaming, and blockchain-based ownership solutions, the project aims to deliver real-world utility and sustainable growth, positioning itself as a trailblazer in the evolving Web3 economy.

About AtomicMeta

Experience lightning-fast transactions, secure staking, rewarding presales, and free aall powered by our own blockchain and ATM Token.

The Next Generation Blockchain Building the Future of DeFi & Digital Assets

AtomicMeta (ATM) is powered by our own proprietary ATMChain — a high-speed, low-fee blockchain built to support staking, presales, and rewarding airdrops. Our mission is to empower communities with secure, scalable, and user-friendly decentralized finance solutions.

• Ultra-fast, low-cost transactions

• Built-in staking and reward mechanisms

• Secure & safe community-driven ecosystem

Burning Mechanism

Atomic Meta is a revolutionary cryptocurrency project featuring the world’s fastest coin-burning system, designed to reward both active and passive investors while preserving long-term scarcity and value.

Using a universal pool structure, all participants benefit from global referrals, with non-working investors earning up to 2.5× and working investors up to 4× their investment. Coins from every purchase are locked for 20 months and released at 5% monthly, but if performance milestones are reached earlier, unreleased coins are instantly burned—triggering a self-accelerating scarcity effect.

This burns algorithm directly links community growth speed to burn rate, meaning faster milestones cause more rapid supply reduction and stronger value appreciation.

Through its fair, high-engagement model and scarcity-driven tokenomics, Atomic Meta coin offers a sustainable, investor-focused approach that blends stability, reward, and aggressive value growth potential.

Tokenomics

Token Allocation & Funds Distribution

• 22% Staking Rewards

• 15% Marketing & Partnerships

• 15% Public Sale

• 19% Ecosystem Development

• 10% Liquidity

• 10% Reserve Fund

• 3% Presale

• 3% Seed Fund

• 2% Team & Advisor

• 1% Airdrop

A Unified Ecosystem Designed for Real-World Utility and Scalable Profits

• Mirror Trading / AI bots trade smartly

• Profits used to buy back ATM tokens / Crypto Cards

• Worldwide crypto shopping / Subscriptions & ATM withdrawals

• Land Tokenisation / Invest in tokenized real estate

• Blockchain-based ownership transfer / ATMScan

• Track all ATM blockchain activity / Full transparency and insights

Atomic Wallet

• Secure storage & staking

• Use ATM tokens across ecosystem

Atomic Games

• Historic Strategy War Game Developer

• Strategy Gaming

• Major commodity trading platform; enables futures/options trading

ATM Cloud365

• Business cloud services; ATM tech for remote ops, updates, and secure management

ATM Academy

• Industry-standard ATM training; online courses for operators and support staff

Atomic Holiday

• Annual creative bazaar/event and modular holiday décor services for venues/companies

AtomicMeta Roadmap

Q3 2025 – Launch & Testing

• Introducing Private Sale

• Introducing Presale for Community

• Staking Platform Beta Launch (Closed Community Testing)

• Atomic Beta Blockchain Testnet Launch

• Atomic Beta Blockchain Mainnet Launch

• Exchange Listing Announcement of ATM Coin

Q4 2025 – Community & Ecosystem

• Community Building

• Atomic Meta Ecosystem Announcement

• Staking Platform Upgrades

Q1 2026 – Expansion & New Products

• KOLs Tie-ups

• Growing Communities

• Introducing AtomicMetaSwap

• Atomic Meta Wallet

• Crypto Cards

• Land Tokenisation (RWA)

Q2 2026 – Beta Launches & Airdrops

• Beta AtomicMetaSwap

• Swap Token Announcement

• Developer Invitation to Build on ATMChain

• Beta Crypto Card Launch

Q3 2026 – Network Growth

• Growing ATM Community

• Expanding KOLs Network

• Exchange Listings

• SWAP Token Airdrop

• Beta ATM Wallet Launch

• Global Launch of Crypto Cards

Q4 2026 – Full Launches & Grants

• SWAP Token Listing

• Atomic Meta Grants for Developers

• Expanding Ecosystem

• ATM Wallet Launch

• Beta Land Tokenisation Launch

Q1 2027 – Ecosystem Expansion

• Official Launch of Land Tokenisation

• New Atomic Meta Ecosystem Projects

For more details, visit: https://atomicmeta.com/

Disclaimer: The information provided in this content is based on details shared by the project and is intended for general informational purposes only. It should not be considered as financial, investment, or legal advice. Cryptocurrency and blockchain investments involve significant risk, including potential loss of capital, and may not be suitable for all investors. Readers are encouraged to conduct independent research, verify claims, and seek professional advice before making any financial decisions related to this project. The publication and its staff do not endorse the project and are not responsible for the accuracy or completeness of the information provided.

Chennai (Tamil Nadu) [India], August 11: AFCOM Holdings Limited (AFCOM), (BSE – 544224), is an integrated air cargo solutions company with operations across domestic and international routes. The Company has announced its Unaudited Financial Results for Q1 FY26.

Key Financial Highlights

• Total Income of ₹ 11,889.0 Lakhs, YoY growth of 198.1%
• EBITDA of ₹ 3,664.7 Lakhs, YoY growth of 2,401.8%
• Net Profit of ₹ 2,707.0 Lakhs, YoY growth of 4,255.5%
• EPS of ₹ 10.9, YoY growth of 3,102.9%

Commenting on this partnership, Capt. Deepak Parasuraman & Chairman & Managing Director of AFCOM Holdings Limited, said, “We are pleased to commence quarterly financial disclosures from Q1 FY26, a decision guided by our investor community’s request for more frequent updates and in line with our commitment to transparency. This shift enables us to better reflect the Company’s ongoing initiatives and operational developments across each quarter.

The cargo aviation industry is currently experiencing increased activity, driven by a higher freight rates and evolving trade dynamics. Afcom has maintained strong operational performance with a current network utilization of approximately 84%. We continue to expand into newer high-value sectors, strengthen our presence across key domestic and international hubs, and deepen interline partnerships to enhance cargo connectivity and turnaround efficiency.

A notable milestone was the launch of our new route to Hanoi, Vietnam, an interline agreement with Viet Jet to enable broader connectivity in the ASEAN region. These developments form part of our Phase 2 growth roadmap. Looking ahead, we remain focused on scaling operations through additional fleet additions, deeper international coverage, and technology-led enhancements.”

Q1 FY26 Key Business Highlights

Joins IATA Clearing House

• Accepted as a member of IATA Clearing House.
• Endorsed for creditworthiness and operational credibility.
• Gains free credit access with 330+ airlines and 230+ suppliers.
• Enables interline, block space, and code-share agreements.
• Access to global suppliers with faster, 15-day payment cycles.
• Standardized invoicing and guaranteed settlements improve efficiency.
• Supports global cargo movement via Afcom airway bill.

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Chennai (Tamil Nadu) [India], August 12: AFCOM Holdings Limited (AFCOM), (BSE – 544224), an integrated air cargo solutions company with operations across domestic and international routes. 

Afcom Holdings Limited is proud to announce a historic achievement at Velana International Airport (MLE), having uplifted the highest-ever volume of transshipment cargo into the airport’s history during July 2025. This milestone not only underlines Afcom’s pivotal role in the region’s logistics ecosystem but also signals a new era of strategic growth in transshipment operations through the Maldives.

July 2025 marked a turning point for MLE, with transshipment volumes surging to their highest levels ever recorded in a single month. At the heart of this surge was Afcom, which emerged as the highest contributor, playing a defining role in propelling Velana International Airport to this landmark achievement.

From a modest share at the beginning of the year, Afcom has demonstrated exceptional growth within just half a year, now commanding a significant and growing portion of MLE’s monthly transshipment volume. This rapid and steady rise underscores the company’s unwavering focus on operational excellence, strategic market expansion, and strong collaboration with key stakeholders across the cargo supply chain.

Afcom’s performance is aligned with MLE’s vision to establish itself as a key air transshipment hub in the Indian Ocean aviation corridor. With a continued emphasis on efficiency, infrastructure, and innovative service offerings, both Afcom and MACL (Maldives Airports Company Limited) are committed to advancing the region’s air cargo potential.

As the logistics landscape evolves, Afcom remains focused on expanding trade flows, enhancing connectivity, and creating value-added solutions that serve the dynamic needs of global commerce.

Commenting on this milestone, Mr. Hussain Shafiu, Manager, Cargo Department of Maldives Airports Co. (Velana International Airport), said:

“We are excited to share that July 2025 was a notable month for us at Velana International Airport, with the highest ever transshipment volume handled in our airport’s history. Afcom has been a key contributor to this success, having uplifted the highest volume of transshipment cargo into MLE in July 2025.

As transshipment continues to be a key pillar of our cargo strategic focus, MACL remains committed to working closely with Afcom and providing the necessary support to further grow this market segment.

We would greatly value Afcom’s input on how we can further grow the transshipment potential through MLE—be it by exploring new trade flows, improving ground efficiency, or creating customized service models.”

Commenting on this milestone, Capt. Deepak Parasuraman, Chairman & Managing Director of AFCOM Holdings Limited, said:

“We are proud to have played a leading role in achieving the highest ever transshipment volume handled at Velana International Airport. This accomplishment is a testament to the agility, precision, and dedication of our operations team, as well as the strength of our partnerships with stakeholders across the region.

Transshipment has become a critical pillar of our growth strategy, with the Maldives serving as a strategic junction point in our expanding regional network. Our growing share of MLE’s transshipment volumes demonstrates our focus on optimizing air cargo flows across high-potential corridors linking South Asia, Southeast Asia, and the Middle East.

This milestone also validates our belief in the long-term potential of multimodal cargo flow through MLE. As we look ahead, Afcom remains committed to deepening its transshipment capabilities, driving network-wide efficiencies, and working closely with MACL and other partners to further unlock regional and intercontinental cargo corridors.

We see this not as a peak, but as a foundation for the next phase of growth.”

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New Delhi [India], August 12: Asian Granito India Limited (AGL), one of the top luxury surfaces brands in India, hosted Elevate 2025 at its flagship AGL Display Centre, Dalpur, Himatnagar, Gujarat, from August 4th to 12th, 2025, to unveil its latest and expansive tile collections. Inspired by global aesthetics and user-centric design, the new collections are a part of AGL’s evolving vision to offer best-in-class options for new-age consumers.

Launch of new tile collections across all categories, focusing on fresh textures, finishes, and contemporary formats. Each collection draws inspiration from various existing aesthetics. The design stories are curated under themes that mirror the essence of modern minimalism, bespoke craftsmanship, nature-inspired elements, and architectural elegance, thereby offering a versatile palette for both residential and commercial spaces.

The expansive collection unveiling included the debut of unique collections such as GLIFO, featuring textured tiles inspired by petroglyphs; the VENCROS series that reimagines Travertine stone and Onyx marble; Velar collection that includes Regalith and Decorith series; TRIVERA that offers three distinct surface finishes. Unveiling also included a wide array of design-forward collections such as FIONA, CERENA, GREiGE, Hyusora, VIARO, ALVARO, PRESCiO, RENOVO, NOVATO, ENZO, StonEra and Fresco RIZON. The collections span a full spectrum of applications, including GVT, PGVT, Colour Body, full body tiles available in Matt, Glossy, Smooth, Neutral, Hard and other finishes.

Highlights:

• The company launched its latest design-led tile collections under the theme Elevate 2025
• Collections inspired by modern minimalism, bespoke craftsmanship, and nature-infused aesthetics

• The company’s long-term vision is to expand its 360° building materials portfolio

Speaking of the new collection, Mr. Kamlesh Patel, Chairman and Managing Director, Asian Granito India Ltd, said, “We are pleased to unveil the new collection at Elevate 2025. AGL has long been a pioneer of innovative, elegant and expansive tile collections in the Indian market. Our aim has always been to evolve, create and present best-in-class options for our ever-growing consumer base. It is a culmination of research, design thinking and a testament of our manufacturing strength. The new tile collections are curated to meet modern lifestyles and global design trends, while keeping Indian sensibilities in mind.”

Elevate 2025 showcased an immersive design experience, bringing together architects, designers, customers, distribution partners and trade professionals. The event reinforces the company’s commitment to combine innovation, design and customer value.

With 14 advanced manufacturing facilities across Gujarat, AGL is equipped to deliver both scale and innovation. The new tile collections are backed by the company’s focus on quality, sustainability, and trend-aligned design.

AGL continues to strengthen its identity as a 360° building materials brand, offering an integrated range of tiles, quartz, engineered marble, bathware, and faucets.

About AGL:  https://aglasiangranito.com/

Established in the year 2000, AGL has emerged as India’s leading Luxury Surfaces and Bathware Solutions brand in a short span of two decades. The Company manufactures and markets a wide range of Tiles, Engineered Marble and Quartz, Bathware and Faucets. AGL products are synonymous with reliability, adaptability, innovation, quality consciousness, and the company has created a strong brand identity, well recognised globally and a loyal customer following across segments. Today, it is the 4th largest listed ceramic tile company in India, with a Strength of more than 700 field force.

Ranked amongst the top ceramic tile companies in India, AGL has achieved over 65 times growth in its production capacity, from 0.83 Million Sq. ft. Mtrs. Per Annum in FY 2000 to 54.5 Million Sq. Mtrs. Per Annum in FY 2025. AGL is also the only tiles company to be acknowledged in the Vibrant Gujarat Summit 2015 for achieving phenomenal growth.

The Company has 14 state-of-the-art manufacturing units spread across Gujarat and 277 plus exclusive franchisee showrooms, 13 company-owned display centres across India. Further, the Company has an extensive marketing and distribution network pan India with 18,000 plus touchpoints including distributors, dealers and sub-dealers in India. The company also exports to more than 100 countries.

The Company looks to strengthen its identity as the leader in the Indian ceramic industry by consistently introducing innovative and value-added products in the market to keep pace with its valued customers. Headquartered in Ahmedabad, AGL is listed on NSE & BSE and reported net consolidated turnover of INR 1559 crore in FY 2025. (For more information, please visit: www.aglasiangranito.com)

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Goa [India], August 11:  In a powerful celebration of grassroots impact and visionary leadership, PACT Foundation commemorated its 2nd Foundation Day on August 8 at Clube Tennis de Gaspar Dias, Miramar, Goa. The event brought together educators, changemakers, government partners, and citizens to mark two years of PACT’s mission to transform education in Goa.

In unveiling the Foundation’s next big leap: #GoaSuper100, the event was graced by special guests — veteran actor and motivational speaker Anupam Kher, andacclaimed actor and philanthropist Sonu Sood, who joined PACT’s Founder and President, Dr. Ashwin Fernandes, in celebrating this milestone.

The Goa Super 100 is a full undergraduate scholarship program designed to empower 100 bright, underprivileged Goan students to pursue higher education at reputed universities across India. Envisioned by Dr.Ashwin Fernandes, this program marks a significant step in addressing the post-Class 12 education gap for economically constrained youth in the state.

Speaking at the event, Dr. Ashwin Fernandes said, “We have seen firsthand how hope takes root when resources meet responsibility. Goa Super 100 is not just about financial support — it’s about creating a generation of leaders who carry forward the spirit of equity, gratitude, and giving back.”

The initiative builds on PACT’s impressive track record of impact in just two years. Since its inception in 2023, the Foundation’s flagship Happy School Project has transformed over 20 rural and semi-urban government schools, creating clean, safe, and joyful learning environments for more than 6,000 students. From smart classrooms and libraries to playgrounds and clean sanitation, the schools have become thriving spaces of dignity, learning, and community pride. The Foundation Day also recognised the tireless efforts of teachers, community leaders, and volunteers who have co-created this journey of change.

In their keynote addresses, both Mr. Anupam Kher and Mr. Sonu Sood emphasised the power of education to transform lives. Mr. Anupam Kher encouraged students to dream big and persevere through challenges, while Mr. Sonu Sood praised Dr.AshwinFernandes for turning his global experience into grassroots action in his home state.

The Foundation Day concluded with a call to action from Dr.Ashwin Fernandes — inviting individuals, corporate partners, and the Goan diaspora to support the mission through donations, mentorship, or institutional partnerships. PACT will soon open the Goa Super 100 application portal, with the first cohort of scholars expected to begin college in the 2026–27 academic year.

From restoring schools to opening doors to universities, PACT Foundation continues to build an education ecosystem where every child can dream, achieve, and give back.

About PACT Foundation

The PACT Foundation, established in 2023 by education leader Dr. Ashwin Fernandes, is a Goa-based non-profit dedicated to transforming education for underprivileged communities through inclusive, community-driven initiatives. Its flagship Happy School Project has revitalised over 20 schools and impacted 6,000+ students across the state by creating joyful, child-friendly learning spaces. In 2025, PACT launched the Goa Super 100– a full undergraduate scholarship program for high-performing, low-income Goan youth. Rooted in the belief that hope takes root when resources meet responsibility, PACT empowers the next generation through access, equity, and dignity in education.

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Mumbai (Maharashtra) [India], August 11:  Remedium Lifecare Ltd., a rapidly growing player in the pharmaceutical supply chain and speciality chemicals sector, has announced its financial results for the quarter ended June 30, 2025, showcasing a remarkable turnaround in performance. The company reported a Profit After Tax (PAT) of ₹464.88 lakhs, a significant improvement from the loss of ₹204.60 lakhs recorded in the previous quarter ended March 31, 2025. Notably, the Q1 PAT has already surpassed the company’s total PAT for the entire FY25, which stood at ₹212.94 lakhs, highlighting strong operational momentum and a sharp rebound in profitability.

Key Highlight:-

• Q1FY26 PAT up by 508% at 464.88 lakhs compared to loss of 204.60 lakhs in Q4FY25
• Q1FY26 PAT at 464.88 lakhs against entire FY25 PAT of 212.94 lakhs

During the quarter under review, Remedium Lifecare posted revenue from operations of ₹11,336.67 lakhs. The Profit Before Tax (PBT) reached ₹571.23 lakhs, reflecting the company’s focus on effective cost management and enhanced operational efficiencies. This performance underscores the company’s strategic execution and resilience, positioning it well for continued growth in the coming quarters.

Commenting on the performance, Mr. Adarsh Munjal, Managing Director of Remedium Lifecare, said: “This quarter marks a significant milestone for Remedium Lifecare. Our focused strategy on operational efficiency and prudent financial management has resulted in a robust turnaround, with Q1 PAT surpassing the entire FY25 profit. We remain committed to building on this momentum and delivering sustained value to our shareholders while driving growth in our core healthcare and pharmaceutical segments.”

The strong Q1 results highlight the company’s ability to optimize costs, streamline operations, and adapt to market dynamics. The current performance highlights that Remedium Lifecare is well-positioned to continue its growth trajectory in the upcoming quarters.

In line with this strong financial performance, Remedium Lifecare is executing a long-term growth plan aimed at expanding its research and development (R&D) focus across key therapeutic areas such as anti-infectives, cardiovascular, and central nervous system (CNS) treatments.

This initiative will strengthen its innovation pipeline and ensure the development of advanced healthcare solutions. Our focus is to build a robust foundation for CDMO and R&D services that will position Remedium to secure new contracts, drive innovation, and improve margins through backward integration. Enhancing working capital will further improve inventory and supply chain management, ensuring seamless operations across its distribution network.

The company is also prioritizing global expansion, with a portion of funds earmarked for entering new international geographies and strengthening its presence in existing markets. These strategic initiatives, combined with its robust Q1 performance, will enable Remedium Lifecare to enhance operational resilience, drive innovation, and consolidate its leadership in both domestic and international markets.

With PAT for the first quarter more than doubling the annual profit of FY25, Remedium Lifecare is well-poised for continued growth, backed by innovation-led strategies and market expansion plans.

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Chennai (Tamil Nadu) [India], August 11: AFCOM Holdings Limited (AFCOM), (BSE – 544224), an integrated air cargo solutions company with operations across domestic and international routes. The Company has announced its Unaudited Financial Results for Q1 FY26.

Key Financial Highlights

• Total Income of ₹ 11,889.0 Cr, YoY growth of 198.1%

• EBITDA of ₹ 3,664.7 Cr, YoY growth of 2,401.8%

• Net Profit of ₹ 2,707.0 Cr, YoY growth of 4,255.5%

• EPS of ₹ 10.9, YoY growth of 3,102.9%

Commenting on this partnership, Capt. Deepak Parasuraman & Chairman & Managing Director of AFCOM Holdings Limited, said, “We are pleased to commence quarterly financial disclosures from Q1 FY26, a decision guided by our investor community’s request for more frequent updates and in line with our commitment to transparency. This shift enables us to better reflect the Company’s ongoing initiatives and operational developments across each quarter.

The cargo aviation industry is currently experiencing increased activity, driven by a higher freight rates and evolving trade dynamics. Afcom has maintained strong operational performance with a current network utilization of approximately 84%. We continue to expand into newer high-value sectors, strengthen our presence across key domestic and international hubs, and deepen interline partnerships to enhance cargo connectivity and turnaround efficiency.

A notable milestone was the launch of our new route to Hanoi, Vietnam, an interline agreement with Viet Jet to enable broader connectivity in the ASEAN region. These developments form part of our Phase 2 growth roadmap. Looking ahead, we remain focused on scaling operations through additional fleet additions, deeper international coverage, and technology-led enhancements.”

Q1 FY26 Key Business Highlights

Joins IATA Clearing House

• Accepted as a member of IATA Clearing House. • Endorsed for creditworthiness and operational credibility. • Gains free credit access with 330+ airlines and 230+ suppliers. • Enables interline, block space, and code-share agreements. • Access to global suppliers with faster, 15-day payment cycles. • Standardized invoicing and guaranteed settlements improve efficiency. • Supports global cargo movement via Afcom airway bill.

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Mumbai (Maharashtra) [India], August 11: Veefin Solutions Limited(BSE: VEEFIN | 543931), a leading technology enabler building the world’s largest working capital ecosystem, today announced the successful receipt of the final subscription amount for share warrants issued to its promoters. This marks the completion of the ₹8.43 crore capital infusion through the conversion of 4,20,000 convertible warrants into equity shares.

The warrants, originally allotted in March 2024, were subscribed by promoters Mr. Raja Debnath and Mr. Gautam Udani. In line with SEBI regulations, 25% of the issue price was paid at the time of allotment, with the remaining 75% now fully received.

This development underlines the promoters’ continued confidence in Veefin’s long-term strategy and further strengthens the Company’s capital position to drive its next phase of growth.

Strengthening the Balance Sheet for Strategic Expansion

This infusion enhances Veefin’s financial flexibility, allowing for accelerated investments in platform innovation, international market expansion, and ongoing strategic consolidation. With an API-first product suite and growing global client base, Veefin is well-positioned to scale sustainably while delivering high-impact, modular solutions across the working capital finance ecosystem.

Sustained Momentum Following Group Consolidation Plans:

The capital infusion follows Veefin’s recent announcement to consolidate its subsidiaries—Estorifi and GlobeTF—under the parent entity. This strategic move aims to unify the Company’s offerings across supply chain finance, digital lending, embedded finance, trade finance, and cash management.

Together, these initiatives reflect Veefin’s clear direction and preparedness to lead in the evolving global fintech landscape.

Mr. Raja Debnath, Chairman & Managing Director of Veefin Solutions Limited, said:

“Veefin is entering a phase of transformative growth. This capital infusion reflects our unwavering commitment to building a global platform that delivers exceptional value to clients and stakeholders alike. It enables us to scale with purpose and set new benchmarks in the industry.”

Mr. Gautam Udani, COO & Whole-Time Director, added:

“This milestone reaffirms our belief in the business and its future. The additional capital equips us to move faster, innovate deeper, and strengthen our mission of digitally transforming working capital ecosystems across markets.”

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New Delhi [India], August 9: Travel News India Private Limited today announced the official launch of its new travel retail brand Globiq, marking a major expansion into the fast-growing retail landscape of India and South Asia. Globiq will offer travelers and commuters a unique, high-quality shopping experience, spanning categories such as Books, Toys, Confectionery, Tobacco Products, and Chocolates through its CTN (Confectionery, Tobacco, and News/Books) format stores.

Under the newly appointed leadership team—Mr. Atul Jain as Managing Director and Mr. Shantanu Chakravartty as Chief Executive Officer—Globiq envisions rapid growth and innovation in the travel retail sector. The company has ambitious plans to launch 100 new stores across multiple formats over the next 12 months, strategically located in airports, universities, metro stations, and high street locations across the region.

Speaking on the announcement, Mr. Atul Jain, Managing Director of Globiq, said:

“Travel retail in South Asia is at an inflection point. With Globiq, we aim to redefine convenience, accessibility, and quality for travelers and consumers on the move. Our focus will be on curating a product mix that delights every customer segment.”

Mr. Shantanu Chakravartty, CEO of Globiq, added:

“Our vision for Globiq goes beyond traditional travel retail. We are creating an integrated brand presence that delivers premium assortments, consistent service, and engaging retail experiences at every location—be it an international airport or a busy city metro station.”

Globiq’s expansion blueprint for the coming year is backed by robust market research, industry partnerships, and a commitment to offering curated, customer-first retail experiences. The brand also plans to introduce innovative store designs and bespoke concepts for its CTN stores, catering to both local and international travelers.

With its launch, Globiq is poised to become one of the fastest-growing travel retail brands in the region, setting new benchmarks for convenience, variety, and experiential shopping in South Asia.

About Travel News India Private Limited

Travel News India Private Limited is a diversified travel media and retail company with a strong track record in delivering value-driven experiences in the travel sector. With the launch of Globiq, the company further strengthens its presence in high-growth consumer touchpoints across India and South Asia.

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Mumbai (Maharashtra) [India], August 9: Cupid Limited (BSE – 530843, NSE – CUPID) is rapidly scaling its In-Vitro Diagnostic (IVD) test kits business, driven by strong domestic demand, a growing international footprint and a clear expansion strategy.

Key Highlights:

• Diverse Product Portfolio: 15 IVD rapid test kits currently in production, including HIV, Syphilis, Pregnancy, and Hepatitis B; 3 new kits under development.

• Regulatory Certifications in Progress:

o CE Certification for 4 key products expected soon in 2025.

o WHO Prequalification for Malaria Test Kit targeted by mid-2026.

o Application for Malaria Pf Ag WHO prequalification by Q3 2026.

• Government Tender Eligibility: Eligible for all Central and State Government tenders after completing 3 years of production at the Maharashtra facility.

• Retail & GeM Demand: Available at chemist stores and labs nationwide. Supplying 120+ ESIC hospitals via the Government e-Marketplace with regular order flows.

• Modern Manufacturing Facility:

o Current Capacity: 1 lakh kits/day.

o Upcoming Capacity: 4 lakh kits/day by end-2026 through phased automation.

o New Machines: Fully automated pouching machine (installed); second machine (Q2 FY26); reel-to-reel dip & dry system (Q3 FY26).

• Approvals & Quality Compliance:

o Product approvals from CDSCO, ICMR, NIMR, NIB, RGCB.

o Certified for ISO 13485:2016, ISO 9001:2015, and ISO 14001:2015.

• Global Market Expansion: Country registrations completed and business initiated in Tanzania, Ghana, Liberia, Bangladesh, Philippines, Sierra Leone, Bhutan, Nepal and Uganda.

Cupid is well-positioned to expand its IVD business through certification-led global entry, rising government and retail demand and automated production scaling. With strong momentum and strategic investments, the IVD segment is expected to become a key growth engine for the company.

Commenting on the Development of IVD Test Kit Business, Mr. Aditya Kumar Halwasiya, Chairman and Managing Director said, “At Cupid, we see the IVD test kits segment as a high-impact, high-margin opportunity that aligns perfectly with our long-term vision of building scalable, quality-driven healthcare solutions. We are fully committed to accelerating this vertical both in terms of domestic market penetration and global expansion. Our strategy is clear, invest in automation to multiply capacity, secure global certifications to unlock new geographies and continue building a strong portfolio that addresses real diagnostic needs across communities. With growing demand, repeat government orders and regulatory traction in multiple countries, the IVD business is set to become one of the key growth engines for Cupid in the years to come.”

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