Tag: Business

Kochi (Kerala) [India], July 9: KLM Axiva Finvest Ltd has announced its Twelfth public issue of secured, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,000 each. The base issue size is ₹7,500 lakhs, with an option to retain oversubscription up to ₹7,500 lakhs, aggregating up to ₹15,000 lakhs.

The public issue opened on July 9, 2025, and will close on July 22, 2025, with an option for early closure or extension, subject to necessary approvals.

This issue offers ten different investment options with tenures ranging from 400 days to 79 months. The effective annual yield for investors ranges from 9.92% to 11.30%, depending on the chosen option. The minimum application size is ₹5,000 (i.e., 5 NCDs), and in multiples of ₹1,000 thereafter.

Applications can be submitted through the Company’s branches or via the BSE online platform. The application form and full details are available at https://klmaxiva.com/ncd.

Utilization of Proceeds:
The funds raised through this issue will be utilized for onward lending, financing, and for repayment/prepayment of principal and interest on existing borrowings, as detailed in the Prospectus.

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Ahmedabad (Gujarat) [India], July 9: Gujarat-based H&H Aluminium Pvt Ltd has launched India’s largest and most advanced aluminium solar frame manufacturing plant at Rajkot, Gujarat (India). The 24,000 metric tons (MT) per annum capacity at village Chibhda in Rajkot can power and support up to 6 Gigawatt (GW) solar installation in India.

The plant was inaugurated by Shri C. R. Patil, Hon’ble Union Minister of Jal Shakti, Government of India, on July 4, 2025, in the presence of senior Government officials, the leadership team of H&H Aluminium and all invited dignitaries.

The company has invested around Rs. 150 crore in a 28,000 sq. meter state-of-the-art plant, one of the most advanced plants for the solar panel aluminium frames. Trial production at the plant commenced in June 2025, and commercial production is expected to start within the next month. At full capacity, the plant will be able to support sales of Rs. 700-750 crore per annum. The plant will generate employment opportunities for over 300 people.

Sharing more information, Mr. Uttam Patel, Director, H&H Aluminium Pvt Ltd said, “This will be India’s largest and most advanced Solar Panel aluminium frame plant at a single location, and we were able to install it in a record time of just about a year.  We are thankful to the state government and all concerned departments for their support. Currently, India imports 90–95% of aluminium solar panel frames. With this plant, we are making a meaningful step towards supporting the Make in India initiative and promoting domestic manufacturing in the solar energy sector. We expect to start commercial production within the next month.”

Highlights:

• The company has invested around Rs. 150 crore with a manufacturing capacity of 24,000 MT per annum
• At full capacity, the plant will be able to generate sales of Rs. 700-750 crore per annum.
• Currently, 90-95% of the Aluminium solar panel frames are imported in India
• In Sep 2024, Government of India imposed an anti-dumping duty ranging from $403 to $577 per MT (Equivalent to 14%) for five years on imports of Aluminium Frames for Solar Panel from China

India has set an ambitious target to install 500 GW of renewable energy capacity by 2030, with a significant portion, approximately 280 GW expected to come from solar power. 

On 29th September 2024, the Government of India, in order to safeguard the domestic industry, imposed an anti-dumping duty for a period of five years on imports of “Anodised Aluminium Frames for Solar Panels/Modules” originating in or exported from China PR. Consequently, an anti-dumping duty ranging from $403 to $577 per MT (Equivalent to 14%) is imposed on imports from specified Chinese producers/exporters and any other non-specified entities. The duty is applicable for five years from the notification date.

Mr. Vijay Kaneria, Director, H&H Aluminium Pvt Ltd, said, “India has achieved a historic milestone of 100 GW solar power capacity in 2025. In addition, the government has set an ambitious target to install 500 GW of renewable energy capacity by 2030, with a significant portion, approximately 280 GW, expected to come from solar power.  This represents a huge opportunity for solar power and allied industries over the next 5-10 years.”

Founded with the vision of driving the renewable energy sector forward, H&H Aluminium Pvt Ltd offers premium quality aluminium solar frames that meet ASTM and IEC – international standards for strength, weather resistance, and longevity to enable efficient and sustainable energy solutions.  Additionally, Rajkot plant is equipped with SCADA & IoT-enabled production lines for real-time monitoring & quality control, a fully equipped quality lab & in-house R&D for product customisation, and a zero-liquid discharge anodising setup. Company’s aluminium frames are RoHS and REACH compliant, free from hazardous substances, and 100% recyclable, aligning with eco-friendly energy initiatives.

H&H Aluminium Pvt Ltd Plant Video:- https://youtu.be/BkMe-HnjVUw

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Pune (Maharashtra) [India], July 8: BE Hub (Bharat Entrepreneurs Hub), a bold new initiative from the founders of Saturo Technologies, has officially launched at its new address:

403, Tower B, Terminal One, Rajiv Gandhi Infotech Park, Phase 1, Hinjawadi, Pune – 411057, Maharashtra

• Phone: 020-71179633 EXT 5
• Email: thebehub@saturotech.com
• Website: www.thebehub.in

BE Hub is not just another co-working or accelerator space — it is a mission-led platform designed to nurture startups emerging from Tier 2 and Tier 3 regions of India. The initiative aims to provide real support to entrepreneurs: product validation, access to early customers, mentorship, funding linkages, go-to-market strategies, and deep ecosystem integration.

“We believe Bharat has the fire — it just needs a furnace. BE Hub will be that furnace,” said Deepak Singh, Founder of Saturo Technologies and the visionary behind BE Hub.

The facility began its journey with a Shri Satyanarayan Bhagwan Pujan, seeking blessings before launching its first startup intake round.

BE Hub is supported by the Saturo ecosystem that includes:

• Saturo Technologies – AnOracle NetSuite and Salesforce Partner for enterprise solutions
• Saturo Academy – A talent development arm for ERP and cloud technologies
• BE Hub – An accelerator dedicated to building startups for Bharat

For partnerships, media enquiries, or startup applications:

• Email: thebehub@saturotech.com
• Website: www.thebehub.in

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Goa [India], July 8: QnA International is thrilled to announce the 12th Annual MICE India & Luxury Travel Congress (MILT), India’s only dedicated platform that unites the nation’s most influential corporate buyers with leading global hospitality and MICE brands. Set against the breathtaking backdrop of Taj Cidade de Goa’s Horizon, the congress on 24th and 25th July 2025 promises an exclusive blend of high-impact networking, pre-arranged one-to-one meetings, and insightful discussions — all crafted to accelerate growth in the rapidly expanding Indian MICE and luxury travel markets.

MILT Congress Goa 2025 stands as the ultimate powerhouse for connecting key decision-makers in corporate travel, hospitality, and luxury experiences. With thousands of pre-scheduled meetings and hours of business networking, the congress provides an unrivalled opportunity for global brands to build lasting partnerships with India’s top buyers and suppliers.

India’s outbound travel market is experiencing unprecedented growth, projected to reach 50 million travelers by 2030. Luxury and business travel spending is expected to grow at a steady pace, with the MICE market alone forecasted to hit $9 billion by 2025, driven by increasing corporate investments in global events and incentive programs. Moreover, Indian luxury travelers are increasingly seeking personalized, sustainable, and digital-first experiences, making India a critical market in the global luxury travel landscape.

QnA International’s Director, Mr. Sidh NC said, “MILT 2025 is designed to be the definitive meeting point where India’s evolving corporate travel demands intersect with the world’s most innovative hospitality solutions. Our vision is to create an environment where meaningful business connections flourish, industry knowledge is shared freely, and new opportunities are unlocked for all participants. As India continues to emerge as a powerhouse in luxury and MICE travel, MILT Congress will remain the platform that drives these exciting transformations forward.”

This vision is actively shaped by the MILT 2025 Advisory Board—an exceptional collective of industry leaders who bring sharp insights, bold ideas, and future-forward perspectives to the table. From championing personalization, immersive tech, and responsible travel (as seen through S.D. Nandakumar’s leadership at SOTC), to decoding India’s ascent as a global luxury and MICE hub (as highlighted by Alok Saraogi and Gaurav Shekhar Nagwekar), the Board represents the pulse of a rapidly evolving landscape. With voices like Dr. Sanjay Pai, Mamatha Basavaraj, and Mukesh Kumar Jain also at the helm, MILT 2025 is not just aligned with industry transformation—it’s helping drive it. Together, they bring a cross-sector view that blends corporate strategy, marketing foresight, and tech-driven innovation. Their collaboration ensures that MILT continues to remain not only relevant but also radically ahead of the curve.

Insights from MILT 2025 Partners

Gold Partner – Royal Caribbean International

Clem Galindo, Sr. International Sales Manager, shared: “Our mission is to elevate the standards of innovation in the industry, providing versatile experiences both at sea and on shore that inspire engagement, motivation, and success. We see India’s MICE and luxury travel sectors poised for remarkable growth. At MILT, we look forward to showcasing how our premium meeting spaces and bespoke events at sea can create unforgettable, immersive experiences tailored to this dynamic market.”

Gold Partner – IHG Hotels & Resorts

Ryan Morris, Director of Global Sales, emphasized: “We believe that the best events change behaviors, and our ‘Journey to Tomorrow’ program reflects our commitment to responsible luxury. With rising demand for B-leisure and culturally nuanced experiences among Indian travelers, MILT is a critical space to engage face-to-face, understand client priorities, and foster new champions for our brands worldwide.”

Gold Partner – Brennia Kottefaru Maldives

Aminath Zaady, Chief Operating Officer, highlighted: Indian corporates are increasingly seeking destinations that combine seamless business facilities with exclusive leisure experiences. Our resort’s blend of sophisticated meeting spaces and private villas positions us uniquely to meet this demand. MILT offers an invaluable opportunity to connect with Indian MICE planners and demonstrate how we deliver both impact and indulgence.”

Silver Partner – Abu Dhabi Convention & Exhibition Bureau

Mubarak Al Shamsi, Director, mentioned: “Abu Dhabi is investing heavily in creating a world-class MICE and celebratory events ecosystem, capitalizing on its seamless accessibility, state-of-the-art facilities, and rich cultural heritage. India remains a key outbound market for us, and MILT is the ideal forum to showcase Abu Dhabi as a premier destination for business meetings and unforgettable celebrations.”

Silver Partner – Ambiance Holidays

Yasmina Ghoorun, Sales Manager, noted:  “The rise of ‘bleisure’ is reshaping the industry, with delegates blending business and leisure to create lasting memories. We’re committed to crafting bespoke luxury experiences that marry innovation, sustainability, and cultural immersion. MILT provides the perfect platform to forge meaningful relationships and showcase how creative travel solutions can exceed global expectations.”

About MILT:

The MICE India & Luxury Travel (MILT) Congress is India’s most trusted and influential platform connecting global travel and hospitality brands with top-tier MICE and luxury travel buyers. Now in its 12th year, MILT delivers a curated experience of high-value business meetings, industry insights, and premium networking — creating real business impact across the corporate travel ecosystem.

About QnA International:

QnA International LLC is a leading global B2B event organizer, continuously innovating the knowledge and events business for over a decade. With a growing portfolio of conferences, summits, and training, ranging from Trade Finance to Travel & Tourism, Technology, Supply Chain Finance, Destination Weddings, and Human Resources, QnA International caters to a wide range of industries, in correlation with the present and future demands of the global economy. Headquartered in Dubai, UAE, the company organizes B2B events around the world, including expertise in delivering world-class events in destinations like the UAE, Saudi Arabia, Qatar, Mexico, India, Greece, Thailand, Georgia, and Indonesia.

For media inquiries, please contact: Rutuja Maraftia

rutuja@wafflecommunications.com

+971 554288496

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Surat (Gujarat) [India], July 7:  Marking a significant expansion into Gujarat’s hospitality sector, Pride Hotels Group, in collaboration with Samprati Group, has officially launched Biznotel by Pride — the first Pride-branded property in Surat.

The opening ceremony was attended by key dignitaries including Hon. Harsh Sanghavi, Minister of State (Home), and Hon. Mukesh Patel, Minister of State (Finance & Energy), signaling strong government support for private infrastructure initiatives in the region.

Strategically located and tailored for business and leisure travelers alike, the property strengthens Surat’s positioning as an emerging hub for corporate activity and tourism. With 13,000 sq. ft. of banquet space, 57 guest rooms, a 45-seater restaurant, conference hall, cafeteria, and a grand reception, Biznotel by Pride is equipped to meet rising demand for high-quality hospitality services.

“This launch is not just about a hotel — it’s about building a brand presence in one of India’s fastest-growing cities,” said a Akarsh Shah MD of Samprati Group. “Surat is evolving rapidly, and we see this as a long-term investment in the city’s business ecosystem.”

The entry of a national player like Pride Hotels reflects confidence in Surat’s infrastructure potential and hospitality demand. For the Pride Group, this also signals its continued focus on Tier-2 cities with economic momentum.

As the hospitality landscape in Gujarat matures, Biznotel by Pride stands as a strong example of how local enterprise and national expertise can create impactful, scalable solutions.

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Bhopal (Madhya Pradesh) [India], July 7: Looking to buy a 3BHK flat in Bhopal that offers more than just square feet. Welcome to Green City Extension by Krishna Homes—a name trusted for over 26 years in premium housing.

Strategically located in Bawadiya Kalan, one of Bhopal’s fastest-growing residential hubs, this IGBC Platinum-certified community offers you a life of elegance, sustainability, and unmatched comfort.

Thoughtfully Designed 3BHK Apartments

Each of the 88 exclusive 3BHK flats is tailored to suit the lifestyle of modern families who value privacy, space, and utility.

 Vaastu-compliant floor plans

 Zero common walls for total privacy

 Double door entry system for extra safety

 Dedicated work-from-home zone

 Cross ventilation for natural light & air

 Spacious balconies with serene green views

These features combine functionality with finesse, making Green City Extension a top choice among 3BHK flats in Bhopal.

Location Advantage: Bawadiya Kalan

Enjoy suburban peace with seamless urban access:

•  Just 2 minutes from Sagar Public School
•  Close to top-rated hospitals
•  Near Aura Mall, DB Mall, Capital Mall, and Ashima Mall
•  ATMs, petrol pumps, grocery stores – all within 5 minutes

Whether you’re raising kids or retiring in style, this location keeps you connected—without the chaos.

Sustainable, Future-Ready Living

Green City Extension is the only IGBC Platinum-rated project in Bhopal, offering features that save energy and elevate well-being:

•  EV charging stations
•  35kW solar panel system
•  Rainwater harvesting
•  Organic waste composting
• ‍ Acupressure walking paths
• Live smarter. Live cleaner.

Built with Confidence, Delivered with Commitment

• Krishna Homes is known for:
•  Timely possession & RERA compliance
•  Home loan availability from all major banks
•  Earthquake-resistant structures
•  High-speed elevators (2 per block)
•  Corner units with natural light & airflow

Construction is in full swing, and possession has already begun.

• Complete Community Amenities
•  Clubhouse with gym & library
•  Indoor games & multipurpose hall
•  Children’s play zone
•  Senior citizen card room
•  Temple & jogging track
•  24/7 security with CCTV

Green City Extension isn’t just a place to live—it’s a place to belong.

Conclusion

Looking for premium 3BHK apartments in Bhopal with the perfect mix of privacy, location, design, and trust

Explore Green City Extension today—where sustainable living  meets timeless comfort.

 Book a site visit to Green City Extension today: +91-9201836841

 Krishna Homes – सुंदर आवास, सुखद निवास.

Disclaimer: This is a sponsored article. It is for informational purposes only and is not investment advice. Readers should do their own research or consult a certified property advisor before making any investment decisions.

New Delhi [India], July 7: Incorporated in 2007, Glen Industries Limited (GIL) is engaged in the manufacturing of eco-friendly food packaging and service products. The company is poised for its initial public offering (IPO), with plans to raise INR 62.94 crores through the issuance of 64.97 lakh new shares.

For its SME Initial Public Offering (IPO), Glen Industries Limited has established a price band of Rs 92 to Rs 97 per share. The company’s shares will open for subscription on Tuesday, July 8, 2025 and closes on Thursday, July 10, 2025. These will be listed on the BSE SME, with a projected listing date of Tuesday, Jul 15, 2025.

GYR Capital Advisors Private Limited is the book-running lead manager of the GLEN Industries IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for GLEN Industries IPO is Giriraj Stock Broking Private Limited.

The issue proceeds will be utilized in Setting Up a new manufacturing facility at Purba Bardhaman, West Bengal and general corporate purposes.

On Friday, July 11, 2025, the shares for the Glen Industries Limited IPO are anticipated to be allotted, and on Monday, July 14, 2025, the shares will be credited to the demat account of the allottees. The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment.

Retail investors need to contribute a minimum of Rs 2,32,800 lakh considering the minimum for 2 lots for an application is 2400 shares. For HNIs, the minimum bidding size is three lots, or 3600 shares, for a total investment of Rs 3,49,200 lakh at the upper price band.

GLEN Industries Limited’s revenue increased by 18% and profit after tax (PAT) rose by 113% between the financial year ending with March 31, 2025 and March 31, 2024.

The company specializes in producing thin-wall food containers and compostable straws, serving sectors such as Hotels, Restaurants, Cafés/Catering (HoReCa), the beverage industry, and food packaging.

GLEN Industries Limited is committed to meeting growing demand from existing 90,000 sq. ft. manufacturing facility in Dhulagarh, equipped with advanced machines and skilled staff to enhance production and quality and new proposed manufacturing facility both in West Bengal. The company exports products to Europe, USA, Australia, the Middle East, and Africa, tailored to local preferences. Over 25 loyal export customers reflect the company’s commitment to quality and consistency.

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Howrah (West Bengal) [India], July 7: Iris Clothings Limited (NSE: IRISDOREME), a readymade garment company engaged in designing, manufacturing, branding, and selling garments for kids wear, has announced the issuance of bonus equity shares in a 1:1 ratio, granting shareholders one bonus share for every fully paid-up equity share held.

The record date to determine eligible shareholders has been fixed as July 4, 2025, following approval from shareholders via postal ballot on June 25, 2025. This bonus issue reflects the company’s confidence in its long-term growth trajectory and reaffirms its commitment to delivering value to its stakeholders. The move is expected to enhance stock liquidity and make the company’s shares more accessible to a broader investor base.

The bonus issue marks a significant step in the company’s journey of inclusive growth, reflecting its proactive approach to sharing success with shareholders while accelerating its momentum in one of India’s most promising apparel segments. It also reinforces the company’s commitment to building long-term value and strengthening relationships with its investor community.

Commenting on the Company’s performance Mr. Santosh Ladha, Managing Director of the Company said: “Issuing the 1:1 bonus share is a strategic decision aligned with our vision of inclusive and sustainable growth. It serves as a meaningful way to reward our shareholders and express gratitude for their continued trust and support. As we expand our presence in the kidswear segment through DOREME, our focus remains on strengthening our distribution network, diversifying our product portfolio, and leveraging technology to improve operational efficiency. This decision reflects our strong belief in the long-term fundamentals of the business and our commitment to sharing the value we create with those who stand by us.

Looking ahead, we intend to build on this momentum by tapping into new market opportunities, enhancing brand visibility, and maintaining consistent growth across all key areas of our business. The bonus issue is a reflection of our growth journey and our dedication to creating lasting value for all stakeholders.”

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Mumbai (Maharashtra) [India], July 7: Smarten Power System Limited (The Company, Smarten) is engaged into designing and assembling of power back-up and solar power products, proposes to open its Initial Public Offering on Monday, July 07, 2025, aiming to raise ₹ 50.00 crores, with shares to be listed on the NSE Emerge platform. The issue will close on Wednesday, July 09, 2025.

The issue size is 50,00,400 equity shares at a face value of ₹ 10 each with IPO price of ₹ 100 per share.

Equity Share Allocation

• Non-Retail Investors – 23,74,800 Equity shares
• Retail Individual Investors – 23,74,800 Equity shares
• Market Maker Portion – 2,50,800 Equity shares

The net proceeds from the IPO will be utilized for purchase of movable assets of the production line of battery manufacturing unit, working capital requirements, Repayment in full or in part, of outstanding borrowings, funding capital expenditure requirements and for general corporate purposes.

The Lead Manager to the Issue is Arihant Capital Markets Limited and The Registrar to the Issue is Maashitla Securities Private Limited.

Mr. Arun Bhardwaj, Managing Director of Smarten Power System Limited expressed “Our company has steadily grown by focusing on practical solutions in the power backup and solar energy space. Over the years, we’ve built capabilities that allow us to meet customer needs across both domestic and international markets.

This IPO marks an important milestone in our growth journey, providing us the opportunity to build on our existing foundation and move forward with greater focus and scale. It is aimed at strengthening our production infrastructure and improving operational efficiency. It will support our efforts to adapt to evolving energy demands through focused product development and wider market access.”

Mr. Ashok Kumar Jain, Chairman & Managing Director of Arihant Capital Markets Limited said, “We are pleased to be associated with the company in its IPO journey. The company has shown consistent growth, a clear business focus, and an established presence in the power backup and solar energy segments.

This IPO will enable the company to enhance its manufacturing capabilities, improve efficiency, and gradually expand its market reach. Given the sector’s evolving dynamics and the company’s strategic direction, we believe it is well-placed for its next phase of development.”

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Mumbai (Maharashtra) [India], July 5: The celebration saw the presence of Abhinay Deo, Neeta Shah (Producers of GamerLog ) Prashant Virendra Sharma, Thakur Anoop Singh,Shweta Khanduri, Prashant Virendra Sharma, Simran Ahuja,, Sonia Birjee, Sangeeta Kapur, Gaurav Sharma & Many More.

The city’s fitness elite gathered for an unforgettable evening as Nitrro Bespoke Fitness Powai, India’s most luxurious fitness destination, spectacularly celebrated its 6th anniversary. Spearheaded by the visionary Prabodh V. Davkhare, Chairman of Nitrro Bespoke Fitness, the soirée was nothing short of iconic — fusing the worlds of wellness, opulence, and community like never before.

Nitro also launched it’s Energy Drink Roar.

Held at the swanky *Nitrro Bespoke Fitness, 10th, B-Wing, Supreme Business Park, Hiranandani Gardens, Powai, Mumbai*, the event commemorated six glorious years of redefining fitness through innovation, dedication, and bespoke experiences.

Guests were treated to a night packed with dazzling performances, an electric live DJ set, luxe giveaways, and curated hospitality that set new standards in wellness celebrations. The highlight of the evening? A series of surprise product launches that pushed the boundaries of luxury fitness and wellness — setting the tone for the next era of transformation at Nitrro.

From celebrity trainers to lifestyle influencers, fitness fanatics to industry insiders — the event brought together Mumbai’s most influential crowd under one roof to honour a legacy built on strength, sweat, and style.

“Nitrro has always stood for more than just fitness — it’s about crafting an elevated lifestyle where discipline meets luxury. Celebrating six years of our Powai flagship is not just a milestone, it’s a reminder of the community we’ve built, the lives we’ve transformed, and the limitless potential that lies ahead” says Prabodh V. Davkhare, Chairman, Nitrro Bespoke Fitness

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