Tag: Business

Mumbai (Maharashtra) [India], July 30: FlySBS Aviation Limited (FlySBS, The Company), DGCA approved Non-Scheduled Airline Operator, provides private air charter services to elite clientele such as entrepreneurs, senior corporate executives, politicians, diplomats, celebrities, and other VIPs, proposes to open its Initial Public Offering on Friday, 01st Aug, 2025 and aiming to raise ₹ 102.53 Crores (at upper price band), with shares to be listed on the NSE Emerge platform.

The issue size is 45,57,000 equity shares with a face value of ₹ 10 each with a price band of ₹ 210 – ₹ 225 Per Share.

Equity Share Allocation

• QIB Anchor Portion – Up to 12,96,000 Equity Shares
• Qualified Institutional Buyer – Up to 8,65,800 Equity Shares
• Non-Institutional Investors – Not Less than 6,49,800 Equity Shares
• Individual Investors – Not Less than 15,15,600 Equity Shares
• Market Maker – 2,29,800 Equity Shares

The net proceeds from the IPO will be utilized for (i) funding capital expenditure towards acquisition of six pre-owned aircraft on a long-term dry lease basis, (ii) Repayment/prepayment, in full or part, certain outstanding borrowings availed by the Company; and (iii) general corporate purposes.

The anchor portion will open on 31st July, 2025 and issue will close on 05th August, 2025.

The Book Running Lead Manager to the Issue is Vivro Financial Services Private Limited, and the Registrar is MUFG Intime India Private Limited.

Mr. Capt. Deepak Parasuraman, Managing Director of FlySBS Aviation Limited expressed, “Our journey has been guided by a clear vision to enhance private air travel through efficient operations, reliable service, and operational flexibility. Over time, we have established a stable foundation based on an asset-light model, a capable fleet, and access to global routes.

This IPO represents a meaningful step in our growth. It will support our efforts to expand the fleet and extend our operational network. The proposed addition of aircraft through long-term dry lease arrangements, along with improved financial flexibility, will help us meet the increasing demand for efficient, time-sensitive air travel. We are committed to building on this progress in a structured and sustainable manner.”

Mr. Vivek Vaishnav, Director of Vivro Financial Services Private Limited said,

“We are proud to be associated with FlySBS Aviation on its IPO journey. The company operates in a niche yet fast-evolving segment of the aviation industry that is witnessing increased demand for non-scheduled and on-demand charter services, especially among corporates, HNIs and diplomatic circles. With growing global mobility, time-critical business needs and heightened preference for personalized air travel, the private aviation sector is projected for substantial growth. 

The company’s asset-light model, strategic fleet mix and compliance-driven operations provide it with a strong competitive edge. The planned fleet expansion through long-term dry lease arrangements is well-aligned with industry trends that favour operational flexibility and capital efficiency. We believe this IPO will strategically position the company to deepen its market presence, enhance operational capabilities, and capture a greater share of the expanding luxury and business aviation space.”

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Darjeeling (West Bengal) [India], July 29: Nestled in the heart of the scenic Rangli Rangliot Tea Estate in Darjeeling, FORESTEA HOMESTAYS offers a blissful escape for travellers seeking peace, comfort, and natural beauty. This charming boutique resort is surrounded by lush tea gardens, rolling hills, and the fresh mountain breeze, making it an ideal getaway for families, friends, couples, and corporate retreats.

Located just 2 hours from Siliguri and only 1 hour from Darjeeling town, FORESTEA HOMESTAYS strikes the perfect balance between accessibility and tranquillity.

The property boasts 6 beautifully designed rooms, each offering panoramic views of the tea gardens. Guests can enjoy a stroll through the estate, unwind in the well-maintained garden area, or relax in the lobby or the glass house, specially designed to take in the enchanting tea garden vistas. A games area ensures entertainment for all ages, and a swimming pool is also set to be inaugurated soon, adding yet another layer of leisure for guests.

Whether you’re planning a weekend holiday, a get-together with friends, a family vacation, or even a small corporate meeting or retreat, FORESTEA HOMESTAYS provides the ideal setting for relaxation and rejuvenation.

Expanding the Experience: ORANGE VILLA by FORESTEA

Adding to its offerings, the FORESTEA group also operates another magnificent property—ORANGE VILLA BY FORESTEA, located at Bara Mangwa, just 1 hour away from FORESTEA HOMESTAYS, 2.5 hours from Siliguri, and 1 hour from Darjeeling.

True to its name, this property is situated within a vibrant orange orchard and features 8 spacious view rooms equipped with modern amenities. A swimming pool, peaceful natural surroundings, and a warm hospitality experience make ORANGE VILLA a perfect destination for those looking to bask in nature with premium comfort.

Together, these two properties under the FORESTEA brand offer a seamless blend of nature, luxury, and comfort—positioning themselves among the most serene and soul-refreshing holiday destinations in the Darjeeling region.

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Mumbai (Maharashtra) [India], July 29: The Bombay Stock Exchange (BSE) has approved the Draft Red Herring Prospectus of Infraprime Logistics Technologies Limited for IPO. The company is going public through an IPO to meet the expenses related to the security deposit for the finance lease of trucks (“Vehicles”) and ancillary equipment (“Trailers”), building up the technology infrastructure to support and expand the existing business operations, Meet Working Capital Requirements and cover general corporate purposes related to the Initial Public Offer. The company has plan to issue fresh Issue up to 39,66,400 equity shares, each with a face value of ₹10, in the forthcoming IPO.   

Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager to the Issue, while Mas Services Limited will serve as the Registrar to the Issue.

About Infraprime Logistics Technologies Limited:

Infraprime Logistics Technologies Limited (Infraprime, The Company) is a technology-driven logistics solutions provider focused on heavy-duty transport with a strong emphasis on integrating electric vehicles into logistics operations. Catering to industries such as infrastructure, construction, steel, cement, and mining, the company offers end-to-end transportation solutions to streamline supply chain operations efficiently. Operating on an asset-light model.

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Balotra (Rajasthan) [India], July 29: In a remarkable stride toward inclusive healthcare delivery, Konica Minolta Business Solutions India Private Limited has extended its flagship CSR initiative, Project Aarogya, to four rural health centres in Rajasthan’s Balotra district. Through the installation of advanced Health ATM machines at PHC Jagsa, PHC Indrana, PHC Kankrala, and CHC Sindhari, the initiative is now transforming the way primary healthcare is accessed in underserved communities.

With over 50 diagnostic tests now available—including blood pressure, ECG, haemoglobin, blood sugar, HBa1C, lipid profile, and vision testing—rural citizens can receive real-time health insights within 10–15 minutes. Test reports are delivered both as printed copies and directly to patients’ WhatsApp numbers, enabling fast, reliable, and tech-enabled healthcare at the grassroots.

The initiative, implemented in collaboration with Manav Vikas Sanstha, reflects Konica Minolta’s deep commitment to bridging India’s healthcare divide through sustainable and scalable innovation. Speaking about the impact, Mr. Katsuhisa Asari, Managing Director of Konica Minolta Business Solutions India Pvt. Ltd., noted that “Aarogya’s initiative with Health ATM machines underscores Konica Minolta’s global commitment to healthcare equity. By extending essential diagnostic services to underserved regions, we’re nurturing sustainable health infrastructure worldwide. This initiative reflects our belief in global solidarity for a healthier planet. Furthermore, at Konica Minolta, we recognize the urgent need for healthcare advancements in India’s rural areas. Through Project Aarogya, we’re committed to bridging this healthcare gap by providing advanced high-precision Health ATM machines, ensuring critical diagnostic services reach those most in need.”

Adding to this, Ms. Ayushi Jain, Head – Sustainability Promotion Department at Konica Minolta, emphasized that “At Konica Minolta, sustainability isn’t a department—it’s a responsibility. This project reflects our belief that technology must be harnessed to address social inequities, and healthcare is one of the most pressing needs in India’s rural landscape.”

As the implementation partner, Manav Vikas Sanstha ensured effective on-ground execution, including training local healthcare staff to operate and maintain the machines. Mr. Akul Vashishtha, Executive Director of MVS India, remarked, “Konica Minolta’s leadership and clarity of vision have been pivotal in making this project a reality. Together, we’ve not only deployed machines—we’ve delivered dignity, access, and hope to communities that have long been underserved.”

The inauguration ceremony witnessed the presence of senior officials including Dr. Narendra Saxena, Joint Secretary – Rajasthan Health Department, and Dr. Vakaram Chodhari, CMHO Balotra, who praised the initiative as a meaningful leap toward democratizing healthcare access in rural regions.

To ensure long-term effectiveness, healthcare staff at the respective centres have been trained to operate the machines and assist patients, thus embedding the technology into the existing public health system.

Under the same initiative, Health ATM machines will also soon be installed in Bathinda, Punjab, further expanding the reach of quality diagnostics and early-stage preventive care to northern India.

Local communities and health officials have lauded the effort, praising its ability to save time, reduce healthcare costs, and provide early diagnosis. With Project Aarogya, Konica Minolta has not only set a precedent in healthcare-focused CSR, but has also reshaped rural healthcare through innovation, accessibility, and inclusive partnerships.

For More Information: https://bt.konicaminolta.in/about-us/sustainability/corporate-social-responsibility/

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Mumbai (Maharashtra) [India], July 29:  General Insurance Corporation of India (GIC Re) is honoured to announce that registrations are now open for the 29th FAIR (Federation of Afro-Asian Insurers and Reinsurers) Conference, to be held in the vibrant city of Mumbai from 5th to 8th October 2025.

The Federation of Afro-Asian Insurers and Reinsurers (FAIR) is a professional business association committed to promoting regional cooperation and advancing the insurance industry across Afro-Asian countries. Given FAIR’s strong brand recognition and its network of 204 member companies across 52 countries, the conference brings together a diverse array of nationalities and cultures. Being a biennial event held since 1967, the 2025 edition will be the 29th FAIR Conference which also coincides with the 60th anniversary of FAIR.

This seminal event promises to unite a distinguished assembly of leaders, strategists, regulators, and practitioners from the insurance and reinsurance fraternity across Asia, Africa, and the broader global risk landscape.

Held under the resonant theme “Emerging Markets – Towards Resilient Growth”, this edition invites the industry to contemplate not only the opportunities but also the responsibilities of navigating an era defined by systemic volatility, technological disruption, geopolitical flux, and climate unpredictability. It serves as a clarion call to industry visionaries: to forge new pathways of collaboration, embrace sustainable innovation, and strengthen regional self-reliance amidst global uncertainties. Notably, this edition also features insights from industry experts on enhancing insurance accessibility through reinsurance strategies, in alignment with IRDAI’s Vision 2047.

Carrying forward FAIR’s legacy as a beacon of dialogue and direction, the Mumbai Conference is poised to welcome over 600 delegates, representing a cross-section of markets, institutions, and thought traditions. The multi-layered agenda will feature keynote sessions from global policy architects and reinsurance pioneers, strategic panel discussions and opportunities for bilateral meetings.

As Rainer Maria Rilke once wrote, “The future enters into us long before it happens.” FAIR 2025 seeks to be that very threshold — where the invisible challenges of tomorrow are named, shaped, and faced. We welcome you to Mumbai, not just as a location but as a metaphor — a city that reflects the spirit of emergence and endurance. Here, amidst dialogue and diversity, we aim to build not just strategies, but a shared resilience worthy of the age we inhabit.

For full details on delegate registration, sponsorship opportunities, and the evolving event programme, please visit the official website: https://www.fairconference2025.com

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Gandhinagar (Gujarat) [India], July 29: Baheti Recycling Industries Limited (NSE: BAHETI), a leading player in aluminium recycling and manufacturing of aluminium alloys and de-ox alloys, has finalised plans to set up a 1.2 MW captive solar plant in Gujarat. The Rs. 3.51 crore investment marks a major stride in the company’s commitment to sustainability and ESG (Environmental, Social, and Governance) excellence.

The solar PV project is projected to reduce energy costs by 60%, translating into annual savings of approximately Rs. 1.25 crore. Beyond financial benefits, the initiative is set to significantly cut the company’s carbon footprint.

Commenting on the project, Shankerlal Shah, Chairman, Baheti Recycling Industries Ltd, said, “The solar PV plant is a strategic step towards enhancing our operational efficiency. Along with financial benefits, the project also aligns with our ESG practices. We are continuously exploring opportunities that align with our long-term vision for sustainable growth.”

The move complements a series of strategic upgrades and expansions by Baheti Recycling. The company received the International Automotive Task Force (IATF) certification in June 2025, enabling direct supply to Tier-1 automotive manufacturers, unlocking significant opportunities in domestic and export markets.

The company has scaled its proposed installed capacity to 34,000 MTPA, with an investment of Rs. 10 crore per combination of Tilting Rotary Furnace (TRF) and Skelner furnace systems. It has expanded its presence into South India and Europe, adding major automotive clients such as Ashley Alteams, Uno Minda, Samvardhana Motherson, and Caparo India. Moreover, the strategic entry into Zinc Alloys and Aluminium Billets is expected to pave the way for sustainable margins across more than 10 industrial applications beyond traditional aluminium recycling.

Baheti Recycling Industries is a leader in scrap processing and recycling in India and has a presence in 12 states and union territories. The company also caters to clients in Japan, Canada, the US, China, Hong Kong, the UAE, Taiwan, etc.

About Baheti Recycling Industries Limited:

Incorporated in 1994, Baheti Recycling Industries Limited is an aluminium recycling company, primarily engaged in processing aluminium-based metal scrap to manufacture aluminium alloys in the form of ingots and aluminium de-ox alloys, which take the shape of cubes, ingots, shots & notch bars. Its recycled products have end-user applications in various industries such as Auto Ancillary, Automobile, Electrical Components, Die-Casting, Steel, Conductors and more.

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Mumbai (Maharashtra) [India], July 29: ElitePlus++ Business Services will host the 12th Speciality Films & Flexible Packaging Global Summit & Expo – 2025, the World’s Largest Summit dedicated to Films and Flexibles for Packaging and Special Applications, on 3 – 4 September 2025 at the Reliance Jio World Convention Centre, BKC, Mumbai.

This event is supported by India’s Ministry of Chemicals and Fertilisers (DCPC). It unites key players from across the value chain — from Raw Material Producers and Machinery Manufacturers to Converters, Recyclers, Brand Owners, and Policymakers.

The Summit is timed to follow the INC-5.2 negotiations in Geneva and serves as a critical platform to bring together international industry experts to translate key global policy outcomes into actionable insights for India’s plastics packaging sector.

ElitePlus’s Speciality Films and Flexible Packaging Summit has become the largest global gathering in this important segment, attracting Global and Indian business leaders as Speakers, Panelists, Exhibitors, and Delegates. Its participation has consistently grown over the years, and this year, we are expecting over 2,200 delegates from 20+ countries — a fantastic number for a two-day summit.

Confirmed Keynote and Plenary Speakers:

• Mr. Varun Gupta, Director Supply Chain, South Asia Region, Nestlé India
• Mr. Ashok Chaturvedi, Founder, Chairman & Managing Director, UFlex Group
• Mr. Jacob Duer, President & CEO, Alliance to End Plastic Waste
• Shri Deepak Mishra, Joint Secretary (PC), Dept. of Chemicals & Petrochemicals, Ministry of Chemicals & Fertilizers
• Mr. Robert Cotton, R&D Director – Packaging Sustainable Materials, PepsiCo
• Mr. Daniel Nordigaarden, Partner, McKinsey & Company, Canada
• Mr. Angelo George, CEO, Bisleri
• Senior officials from MoEF&CC
• Invited: Chairmen of FSSAI and CPCB (confirmation awaited)

Key Themes:

In line with India’s recycled content mandates, the summit will highlight:

• Role of Recyclers and Plastic Waste Processors (PWPs)
• Enabling circular economy solutions across Flexible and Rigid packaging
• Collaboration on PCR usage, traceability, and regulatory alignment

Verticals Represented:

• Flexible & Rigid Plastics Packaging
• Recyclers & Plastic Waste Processors
• Smart Packaging & Process Automation
• Policymakers from DCPC, MOEF&CC, FSSAI, CPCB
• FMCG, Pharma, Personal Care
• Converters & Tech Film Producers
• Resin Producers
• Machinery Manufacturers

Business Sessions & Panel Discussions Will Focus On:

• Circular Economy Breakthroughs – Sustainable loops, PCR integration
• Rigid–Flexible Integration – Hybrid formats
• Post INC-5.2 Regulatory Insights – EPR, sustainability
• Digital Packaging Transformation – AI design, smart packaging
• Next-Gen Materials – Coatings, mono-materials, recyclability
• Emerging Sector Applications – EVs, solar, e-commerce, FMCG
• Disruptive Tech Dialogues – Automation, chemical recycling, decarbonization
• Pre-K Show Preview – Sneak peek at upcoming global launches
• New Growth Verticals – Renewable energy, personal care, infra

Summit Highlights:

• 2200+ delegates, 800+ organizations, 22+ countries
• 85+ leaders delivering impactful presentations
• Panels on technology, regulations, and strategy
• 10 business sessions with Q&A
• 125+ exhibitors with innovative displays
• 2 days of high-impact networking
• Strong presence of brand owners & end-users
• Pre-scheduled B2B meetings via ElitePlus++ Scheduler

Contact for Participation:

Delegate Registrations, Partnership, Stalls:

delegate@eliteplus.co.in

partner.support@eliteplus.co.in

+91 96196 34690

www.eliteplus.co.in

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New Delhi [India], July 29: Today’s homes are increasingly looking for kitchen appliances that deliver not just performance, but also sophistication and safety. In response to these evolving preferences, gas hobs have transformed from basic cooking setups to advanced systems that combine functionality with aesthetics. Features like precise temperature control, enhanced safety measures, energy efficiency, and versatile burner configurations have become essential.

Hafele’s Cronus Digi-Step Hobs are designed to meet and exceed these expectations. Representing the next generation in gas hob innovation, these hobs bring smart functionality into the kitchen. A standout feature is the integrated Graduated Flame Technology (G.F.T.) allows precise control of the flame at multiple levels, bringing finesse and flavour to every dish. Once the set time is reached, the system automatically shuts off the gas supply; ensuring meals are cooked to perfection without the risk of overcooking. This also contributes to better energy management and safer operation. In the event of a power outage, the system is designed to immediately cut off the gas supply, reinforcing kitchen safety.

But that’s not all. Easy to clean and maintain, Cronus also scores high on aesthetics, with bevelled glass edges, premium metal knobs, and a minimalist form that elevates any kitchen décor. Combining intelligent features with sleek aesthetics, Hafele’s Digi-Step Hobs offer a seamless blend of safety, precision, and convenience delivering an elevated cooking experience for the modern home. With Cronus Digi-Step Hobs by Hafele, every meal becomes a celebration of taste, safety, and smart innovation.

Log onto https://www.hafeleindia.com/en/info/service/contact-us/410/ to find the nearest

Hafele showroom or design centre.

Customer Care Toll Free: 1800 266 6667

Customer Care WhatsApp: +91 97691 11122

Customer Care Email ID:customercare@hafeleindia.com

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 synergized 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 nation-wide 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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Surat (Gujarat) [India], July 29: In the heart of the diamond hub—Bilipatra Jewels, known for its timeless jewellery, has unveiled a stunning new gemstone collection titled Rivayat. Whether it is emeralds, rubies, or sapphires, it showcases life stories from generations past—now told with a fresh, fashionable style.

The launch of Rivayat created buzz in the city. Surat’s leading ladies, fashion enthusiasts and influencers were impressed with uniqueness of each design. Surat is a city rich in craftsmanship, but Rivayat’s every necklace, ring, maang tikka, or earring is more than just an ornament. Every piece is crafted by the skilled karigars.

From Hyderabadi filigree work to the delicate setting of pearls, everything is shaped by hands that have inherited centuries ofthe  Nawab’s artistry. It also includes Jaipur and Rajasthan jewellery that draws ideas from the majestic palaces, jharokhas and age-old frescoes of Jaipur. If we talk of Gujarat, the jaali work, kundan settings, meenakari accents, and temple motifs are the inspirations.

This collection is also a tribute to Indian festivities. Births, weddings, anniversaries, festivals—Rivayat brings meaning and magic to every milestone.

About Bilipatra

Bilipatra is the premium new venture by the trusted name of Patidar Jewels. It is a family legacy that began in 1999 when Pinakinbhai Patel opened the first store at Poddar Plaza, near the Railway station in Surat. In 2004, a new store was opened in Adajan. Today, with Bilipatra, the brand enters a new era of luxury and craftsmanship, taking forward the trust built over decades.

For more information, please visit: https://bilipatrajewels.com/

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Hyderabad (Telangana) [India], July 29: Mold-Tek Packaging Limited is pleased to announce an extraordinary start to FY 2025-26, with excellent performance in the first quarter ended June 30, 2025. The Company recorded an impressive overall sales volume growth of 15%, reflecting strong momentum across all key business segments reflecting better product mix and enhanced capacity utilization.

Announcing the results, Chairman & Managing Director J Lakshmana Rao said: This outstanding all-round performance is a result of Mold-Teks unwavering focus on innovation and strategic expansion that started yielding results. The Company remains confident in sustaining this growth trajectory in the coming quarters”. EBIDTA per kg shot up to Rs 41.64 for Q26 compared to Rs 37.06% per kg due to better capacity utilisation and increased pharma packaging revenues.

Mold-Tek Packaging Limited’s Results for Q1 FY’26 (Q1 FY26 vs Q1 FY25): 

• Net Profit (PAT) grew by 35.50% to ₹22.40 crores, compared to ₹16.53 crores in Q1 FY 2024–25.
• EBITDA for the quarter rose marginally by 29.21% to ₹47.38 crores, compared to ₹36.67 crores in Q1 FY 2024–25
• Net Sales increased by 22.28% to ₹240.55 crores, up from ₹196.72 crores in the corresponding quarter of the previous year.
• Sales Volume grew by 15%, reaching 11,378 MT, compared to 9,894 MT in Q1 FY 2024–25. Pharma-Packaging Sales up by more than 9 times.
• Profit Before Tax (PBT) increased by 35.27%, reaching ₹30.01 crores, as against ₹22.19 crores in the previous year’s quarter.

The growth in volumes and profitability reflects the Company’s continued focus on operational efficiency, product diversification, and customer-centric strategies.

Pharma Packaging Product Development, Capacity & Business Update: Mold-Tek Packaging is witnessing exceptional momentum in Pharma packaging division, driven by product development and consistency. Having supplied for over 3-4 months to select companies, our feedback on quality and performance on high-speed lines is impeccable – This is a very positive sign.

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