Tag: Business

New Delhi [India], April 30: MATEXIL (Manmade Fibre & Technical Textiles Export Promotion Council) participated in Techtextil Frankfurt 2026, held from April 21 to 24, with a strong delegation of 40 Indian companies representing the diverse and growing capabilities of India’s technical textiles sector.

Inauguration of India Day

On the opening day, the India Pavilion was inaugurated by Shri T.G. Bharath, Hon’ble Minister for Industries & Commerce, Food Processing, Government of Andhra Pradesh, in the esteemed presence of Ms. Shuchita Kishore, Consul General of India in Frankfurt; Ms. Vrunda Manohar Desai, Textile Commissioner; Ms. R. Lalitha, Textile Commissioner, Government of Tamil Nadu; and Ms. Richa Gupta, Director, Ministry of Textiles, along with exhibitors and distinguished guests.

“India Day”

On the evening of April 21, MATEXIL organized an “India Day” which received an overwhelming response.

The event witnessed enthusiastic participation from exhibitors, international buyers, academicians, and representatives from leading universities and research institutions, highlighting the global interest in India’s technical textiles ecosystem.

The presence of senior government officials, including Ms. Vrunda Manohar Desai, Textile Commissioner, Government of India; Ms. R. Lalitha, Textile Commissioner, Government of Tamil Nadu; and Ms. Richa Gupta, Director, Ministry of Textiles, underscored the importance of the event and reaffirmed the Government’s continued support to the sector.

Shri Shaleen Toshniwal, Chairman, MATEXIL, said

“MATEXIL has had a very successful participation at Techtextil Frankfurt 2026. Despite ongoing global challenges, Indian exhibitors have reported satisfactory engagement and have been able to establish meaningful contacts with reputed international buyers. This reflects the resilience and competitiveness of the Indian technical textiles industry.”

He further added

“India is steadily emerging as a prominent player in the global technical textiles market, driven by its strong manufacturing base, skilled workforce, cost competitiveness, and growing emphasis on innovation and sustainability.”

Participants at the exhibition expressed satisfaction with the quality of business interactions and the opportunities to explore collaborations, joint ventures, and long-term partnerships.

MATEXIL’s participation at Techtextil Frankfurt 2026 has once again reinforced India’s position as a reliable sourcing destination and a key contributor to the global technical textiles value chain.

The Chairman, MATEXIL, expressed his confidence that with continued policy support from the Government, industry collaboration, and growing global recognition, India’s technical textiles sector is well poised to scale new heights in exports, innovation, and international partnerships in the years ahead.

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New Delhi [India], April 30: greytHR, India’s leading full-suite HRMS platform, today announced the launch of GPS Live Tracking — a new attendance capability that helps organisations verify field attendance through work–hour–bound, privacy-first location tracking.

greytHR currently serves over 34,000 organisations across 25+ countries, managing 3.2 million+ employees and processing more than USD 23 billion in payroll annually across India, the Middle East, and Southeast Asia.

Beyond Punch-In. Beyond Punch-Out.

Traditional attendance systems capture when employees start and end their day — nothing in between. GPS Live Tracking fills that gap by building a transparent, auditable timeline of the workday: geo-tagged sign-ins and sign-outs, location-based check-ins, movement during working hours, and automatic logging of GPS or connectivity gaps.

Critically, tracking begins only after sign-in and stops at sign-out. No background monitoring. No always-on location access.

“GPS Live Tracking is designed for attendance verification — not surveillance,” said Girish Rowjee, Co-founder and CEO, greytHR. “By limiting tracking to working hours and making it fully consent-driven, we help organisations improve transparency, reduce attendance disputes, and build trust with their field teams.”

Built In. No Hardware Required.

The feature is native to the greytHR attendance module and mobile app, requiring no additional hardware or third-party integrations. Employees, managers, and HR teams all get visibility into the same chronological activity timeline.

Key capabilities:

• Geo-tagged sign-in and sign-out
• GPS tracking –  scoped strictly to working hours
• Chronological activity timeline
• Automatic logging of GPS and connectivity gaps
• Shared visibility for employees, managers, and HR

GPS Live Tracking is purpose-built for field sales teams, service engineers, delivery and logistics staff, relationship managers, healthcare field workers, and other distributed roles.

About greytHR: 

greytHR is a full-suite HRMS platform designed to automate and simplify complex, recurring, and critical HR and payroll functions, ensuring compliance and security. With over 50 tools, greytHR offers ‘Hire-to-Retire’ solutions for People Operations, including advanced modules for recruiting, onboarding, engaging, paying, appraising, retaining, and retiring employees. The platform also leverages AI-driven analytics and recommendations to enhance employee engagement throughout the entire employee lifecycle.

Trusted by CFOs and loved by CHROs, greytHR serves businesses of various sizes and is adaptable across industries like manufacturing, SaaS, healthcare, hospitality, education, and retail.

As India’s leading HRMS and payroll provider, greytHR is rapidly expanding in the MEA and SEA regions, offering world-class Made-in-India software solutions to emerging markets. The company proudly serves over 34,000 clients, managing 3.2 million+ employees across 25+ countries.

At the heart of greytHR’s success is its commitment to its people. Recognized as a Great Place to Work®, the company demonstrates its dedication to building a high-trust, high-performance workplace where employees are valued, empowered, and motivated to do their best work.

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New Delhi [India], April 30: India’s carbon market has moved past the stage of policy announcements. As of fiscal year 2025–26, compliance obligations under the Carbon Credit Trading Scheme are in force for approximately 490 entities across seven energy-intensive sectors, following the notification of greenhouse gas emission intensity targets by the Ministry of Environment, Forest and Climate Change. At the Bharat Electricity Summit 2026, Union Power Minister Manohar Lal confirmed that formal trading in India’s domestic carbon market will begin within the next four months, with the Indian Carbon Market Portal already live for registration and verification.

For industries inside the nine notified sectors, the compliance clock is running. For the automotive value chain, the relevant question is more specific: where do vehicle lifecycle emissions fit into this market, and that connection has been built by MMCM since before the Indian Carbon Market had a trading date.

The Automotive ESG Journey Has One Chapter Left Unwritten

India’s automotive sector has made genuine progress across the production and operational stages of its emissions footprint. OEMs have invested in cleaner manufacturing. Fleet operators are working through the transition to lower-emission vehicles. Fuel efficiency standards have tightened across categories. These are real and documented improvements.

What has not been closed is the final stage. When a vehicle reaches the end of its operational life, its embodied carbon either gets documented through a formal scrapping process or it exits the record entirely. For vehicles processed outside registered scrapping channels, it exists without a trace.

The Scale of What Goes Undocumented

A NITI Aayog report titled “Enhancing Circular Economy of ELVs in India” has warned that end-of-life vehicles in India could double to nearly 50 million by 2030, posing serious safety, pollution, and waste-management risks. That volume represents vehicles whose decommissioning-stage emissions carry no verification, no registry entry, and no pathway into any carbon accounting framework, regardless of how efficiently the vehicle was scrapped.

The NITI Aayog report also notes a persistent informal scrapping sector that operates at lower costs and offers attractive bids to vehicle owners, pulling vehicles outside any formal documentation channel.

Why Existing Carbon Frameworks Did Not Fill This Space

Carbon accounting in the automotive industry has historically concentrated on Scope 1 and Scope 2 emissions, where operational control makes measurement tractable. Scope 3 is harder across every category, but the end-of-life stage presents a specific challenge: it requires per-vehicle data, third-party verification, and a methodology capable of producing credits that survive audit scrutiny at the individual transaction level.

What MMCM Built Before the Market Existed

When MMCM developed its ELV carbon credit methodology, India had no live carbon market portal, no approved voluntary offset methodologies, and no confirmed trading timeline. The legislative foundation existed through the Energy Conservation Amendment Act of 2022, but the operational infrastructure that would give credits their market value had not yet been built.

Working without a pricing signal or a compliance requirement to design around, MMCM approached the methodology from a different starting point: what would make a credit genuinely verifiable, not just technically valid under whatever norms eventually emerged.

Why the CCTS Opening Makes This Relevant Now

The CCTS compliance mechanism is set to initially cover over 700 million tonnes of CO2e, placing India among the world’s largest emissions trading systems. The nine sectors carrying binding emission intensity targets include steel, aluminium, cement, petrochemicals, and petroleum refining. These are industries that run through the automotive value chain, not beside it. Automotive enterprises carry supply chain exposure to CCTS-obligated sectors, whether or not they are directly regulated themselves.

The Voluntary Offset Mechanism Opens a Direct Entry Point

For automotive companies outside the nine compliance sectors, the voluntary offset mechanism is the relevant pathway. This is where ELV carbon credits function as a documented, per-vehicle contribution to a measurable emissions reduction, one that closes the Scope 3 accountability gap that currently sits unaddressed in most enterprise ESG disclosures.

The stakeholders across the automotive value chain engage with this differently, but the underlying function is consistent across all of them.

• OEMs can extend sustainability disclosures to cover actual product lifecycle closure
• Logistics operators can connect carbon credit generation directly to fleet decommissioning cycles
• BFSI institutions can address financed emissions exposure through per-vehicle ELV credits tied to specific loan records

What That Means for Credit Quality at the Point of Purchase

From August 2022 to July 2025, about 3,50,500 vehicles were actually scrapped at registered facilities, representing just under 3% of eligible vehicles. The gap between that number and the eligible vehicle population represents emissions that currently have no documentation, no registry entry, and no market value. 

The automotive sector has spent years closing emissions gaps at the manufacturing and operational stages. The decommissioning stage is the one that remained open the longest and attracted the least attention. The mid-2026 trading launch completes an infrastructure that the automotive sector can now plug into at the said stage, which has never had a formal accounting home. 

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Mumbai (Maharashtra) [India], April 30: Cloud computing in India, a sector that has been booming for several years, is undergoing a change. Global reach and available services are no longer the only way businesses evaluate platforms. They prioritize performance, cost clarity, user experience, and how well the platform fits their real buckets. This is the environment which has brought CloudPe to an increasing importance in what Indian businesses today are searching for in a cloud provider.

Despite global cloud platforms continuing their dominance at scale, many organisations are investigating alternatives that can deliver simplified infrastructure with better control. CloudPe grew on a very specific motive, focusing on performance, functionality, and creating a platform suitable for the Indian environment.

Built for India, Not Adapted for It

CloudPe is relevant because it is building infrastructure for India, not local systems for the region from GLOBAL. It runs on data centres in the country, allowing companies to achieve low latency and comply with local data regulation and law.

It enhances performance for enterprises that serve users in India the most, and ensures applications are responding swiftly, similar to being routed through the local region, essentially. It is also important for businesses that must keep data within national boundaries, as it is a growing compliance requirement.

CloudPe, unlike the global platforms that spread to multiple continents’ infrastructures, is intended for more localized use. This emphasises regional deployment and accessibility, which is generally more important for domestic use.

Simplicity Over Layered Complexity

Cloud platforms are often criticised for being difficult to navigate, especially for teams without deep infrastructure expertise. CloudPe addresses this issue by focusing on a simplified architecture that reduces unnecessary complexity.

The platform offers essential services such as virtual machines, Kubernetes, storage, networking, and GPU infrastructure through a unified interface. This means teams do not need to move between multiple dashboards or manage fragmented tools to run their workloads.

By reducing the number of steps required to deploy and manage resources, CloudPe allows teams to spend less time on configuration and more time on development. This is particularly useful for startups and growing businesses that need to move quickly without building large infrastructure teams.

Transparent Pricing and Cost Control

One of the most common concerns with cloud adoption is unpredictable billing. Many businesses struggle to understand how usage translates into cost, especially when multiple services and variables are involved.

CloudPe positions itself around transparent pricing, where businesses can clearly understand what they are paying for. This approach helps organisations plan their infrastructure budgets more effectively and avoid unexpected charges.

The platform also focuses on reducing hidden costs that typically arise from data transfer or additional services. By offering straightforward pricing models, it supports better financial control, which is a major advantage for companies operating with tight budgets.

Performance Designed for Real Workloads

Cloud performance is not just about peak capacity but about consistency under real usage conditions. CloudPe uses NVMe-based storage and high-performance infrastructure to support applications that require fast data access and stable performance.

The platform also offers dedicated resources rather than heavily shared environments, which helps reduce performance fluctuations. This is particularly important for businesses running customer-facing applications, analytics workloads, or data-intensive processes.

In addition, CloudPe supports high IOPS storage and high-bandwidth networking, enabling it to handle workloads such as AI processing, SaaS applications, and enterprise systems. These capabilities ensure that performance remains consistent as workloads scale.

Supporting Modern and Emerging Use Cases

As businesses adopt newer technologies, cloud infrastructure must support more than just basic hosting. CloudPe includes capabilities for modern application development, including container orchestration through Kubernetes and GPU-based computing for AI and machine learning workloads.

This makes the platform suitable for a wide range of use cases, from simple web applications to advanced data processing and AI-driven solutions. Teams can deploy containerised applications, run scalable services, and experiment with new technologies without needing separate infrastructure providers.

By bringing these capabilities together in one platform, CloudPe reduces the need for complex integrations and external tools.

Security and Reliability as Core Features

Security is a critical concern for any business operating in the cloud. CloudPe integrates security features such as network isolation, firewalls, and continuous monitoring into its infrastructure.

The platform has also achieved certifications such as SOC 2 Type II, which reflects adherence to established security and operational standards. This provides additional confidence for businesses handling sensitive data.

In terms of reliability, CloudPe offers uptime commitments and continuous monitoring, ensuring that systems remain available and responsive. For organisations running critical workloads, this reliability is essential.

Managed Services That Reduce Operational Load

Managing cloud infrastructure can be time-consuming, especially for teams without dedicated operations staff. CloudPe addresses this through managed services that include 24/7 monitoring, automated maintenance, and performance optimisation.

These services help businesses maintain their infrastructure without needing to handle every technical detail internally. Faster response times and proactive monitoring reduce downtime and improve system stability.

By offloading routine infrastructure management, teams can focus more on their core business activities.

Why Businesses Are Making the Shift

The growing interest in CloudPe reflects a broader change in how businesses evaluate cloud platforms. Instead of choosing the largest provider, organisations are looking for solutions that match their operational needs.

CloudPe stands out by combining local infrastructure, simplified operations, transparent pricing, and modern capabilities into a single platform. It offers an approach that is easier to adopt, easier to manage, and better aligned with how many Indian businesses operate today.

Conclusion

Cloud computing is no longer just about access to technology; it is about how effectively that technology can be used. Platforms that reduce complexity, improve cost visibility, and deliver consistent performance are becoming more relevant.

CloudPe’s growth highlights this shift. By focusing on practical infrastructure and real business requirements, it is positioning itself as a strong contender in India’s cloud ecosystem. For organisations seeking a simpler and more predictable cloud experience, this approach is becoming increasingly appealing.

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Bengaluru (Karnataka) [India], April 30: KRAFTON, Inc., today announced its first quarter earnings for 2026. Based on consolidated financial statements prepared in accordance with Korean International Financial Reporting Standards (K-IFRS), KRAFTON reported revenue of KRW 1.3714 trillion and operating profit of KRW 561.6 billion in Q1 2026, marking all-time highs for both metrics in a single quarter. Revenue grew 56.9%, and operating profit rose 22.8% year-over-year. First quarter operating profit alone reached 53% of KRAFTON’s full-year operating profit for 2025.

• Sets record high quarterly revenue of KRW 1.3714 trillion (up 56.9% year-over-year) in Q1 2026
• Operating profit reaches an all-time quarterly high of KRW 561.6 billion (up 22.8% year-over-year) in Q1 2026
• PUBG IP Franchise demonstrates sustained growth potential with revenue up 24% year-over-year
• inZOI scale-up, Subnautica 2 Early Access launch, and AI for Game driving mid-to-long-term growth
• BGMI maintains strong user engagement momentum in India

Key Performance Highlights for Q1 2026

Quarterly revenue by business segment was

• KRW 363.9 billion from PC
• KRW 702.7 billion from mobile
• KRW 13.8 billion from console
• KRW 291.0 billion from others

PUBG IP Franchise Strategy

PUBG IP Franchise revenue grew 24% year-over-year and surpassed KRW 1 trillion in quarterly revenue, driving KRAFTON’s record-setting performance. On PC, new content and strong live-service operations around PUBG: BATTLEGROUNDS fuelled revenue growth. To celebrate the game’s ninth anniversary, PUBG: BATTLEGROUNDS partnered with iconic luxury British sports car manufacturer Aston Martin to become the first vehicle resale event on PC. The event delivered a significant revenue uplift compared to its original 2023 sale, demonstrating strong user demand for legacy content.

On mobile, premium content and IP collaborations contributed to the record quarterly revenue. A collaboration with German sports car brand Apollo Automobil drove demand among high-spending users. BATTLEGROUNDS MOBILE INDIA (BGMI) expanded user accessibility through server capacity investments and a wider content lineup, resulting in a 17% year-over-year increase in paying users. The BGMI tournament BATTLEGROUNDS MOBILE INDIA SERIES 2026 (BGIS 2026), recorded its highest-ever viewership, reaffirming the title’s national standing in India. Building on this strong momentum, BGMI is set to roll out a range of new skins and IP collaborations in Q2, aimed at further elevating the player experience. Other revenue increased by KRW 285.9 billion year-over-year, primarily reflecting the consolidated inclusion of ADK Group.

The PUBG IP continues to evolve into a content platform accumulating diverse gaming content and gameplay experiences, underpinned by a strong fanbase and competitive live service. In April, the new game mode, Xeno Point, increased user traffic as it introduced a new kind of gameplay beyond battle royale. A mode based on the IP, PAYDAY, is set to launch in May, with additional modes and UGC expansions to follow. KRAFTON plans to further accelerate the growth of the PUBG IP Franchise by strengthening its presence in emerging markets and enhancing its global fanbase marketing.

inZOI Scale-Up, Subnautica 2 Early Access Launch, and AI for Game Initiative

Launched in Early Access in March 2025, KRAFTON’s next-generation life simulation game inZOI is focused on scaling up to become an IP with a long-term product life cycle (PLC). KRAFTON plans to improve the life simulation experience through content enhancements and expand player accessibility via console porting. An AI script modding tool will be provided to enable players to create content more easily. KRAFTON also plans to evolve inZOI into a platform IP by adding a multiplayer feature, allowing users to share user-generated content and enjoy gameplay together.

Open-world survival crafting game Subnautica 2 is expected to launch in Early Access. New content, including a Co-op mode, will offer new experiences for both existing fans and new players.

KRAFTON will continue to advance its “AI for Game” initiative, which centers on delivering differentiated gameplay experiences using AI. The company plans to fine-tune its four Raon multimodal AI models released in April for individual titles, tailoring each to specific game characteristics to enable new play experiences. KRAFTON will also launch the Co-Playable Character (CPC) PUBG Ally as a Beta service in PUBG: BATTLEGROUNDS Arcade this year, providing players with unique and immersive in-game experiences using AI technology.

Shareholder Return Program Update

In line with its Shareholder Return Program announced in February, KRAFTON repurchased KRW 200 billion in shares and returned KRW 99.6 billion in dividend payouts in Q1 2026. KRW 336.2 billion worth of acquired shares were also cancelled. KRAFTON remains committed to carrying out its Shareholder Return Program and plans to continue enhancing long-term shareholder value.

KRAFTON Q1 2026 Preliminary Earnings

	Earnings (Q1 2026)	Earnings (Q4 2025)	QoQ % chg	Earnings (Q1 2025)	YoY & chg
Revenue	13,714	9,197	49.1	8,742	56.9
Operating Profit	5,616	24	22,980.1	4,573	22.8

Table: KRAFTON’s Q1 2026 (preliminary) earnings on a consolidated basis (unit: KRW 100M)

About KRAFTON, Inc.

Headquartered in Korea, KRAFTON, Inc. is dedicated to discovering and publishing captivating games that offer fun and unique experiences. Established in 2007, KRAFTON is built on a global network of 19 creative studios that include PUBG STUDIOS, Striking Distance Studios, Unknown Worlds, Neon Giant, KRAFTON Montréal Studio, Bluehole Studio, RisingWings, 5minlab, Dreamotion, ReLU Games, Flyway Games, Tango Gameworks, inZOI Studio, JOFSOFT, Eleventh Hour Games, OmniCraft Labs, Olivetree Games, Loonshot Games, and 9B STUDIO. Each independent studio strives to continuously take on new challenges and leverage innovative technologies. Their goal is to win over more fans by broadening KRAFTON’s platforms and services.

KRAFTON is responsible for premier game IPs, including PUBG: BATTLEGROUNDS, PUBG MOBILE, PUBG: BLINDSPOT, inZOI, Subnautica, MIMESIS, Hi-Fi Rush, Dinkum, TERA, My Little Puppy, and more. With a passionate and driven team across the globe, KRAFTON is a tech-forward company with world-class development capabilities, continuously exploring new possibilities that enhance the gameplay experience — including AI and other emerging technologies. For more information, visit www.krafton.com.

About KRAFTON India

In India, KRAFTON is responsible for premier mobile games, including BATTLEGROUNDS MOBILE INDIA (BGMI), which has surpassed 260 million downloads, Bullet Echo India, Road To Valor: Empires, and CookieRun India, among others. Committed to enhancing the start-up ecosystem in India, KRAFTON has invested over $250 million in several Indian startups across interactive entertainment, gaming, Esports, and technology since 2021. KRAFTON actively supports India’s game development ecosystem through its KRAFTON India Gaming Incubator (KIGI) while strengthening the Esports ecosystem with flagship events like the BATTLEGROUNDS MOBILE INDIA SERIES (BGIS) and BATTLEGROUNDS MOBILE INDIA PRO SERIES (BMPS). For more information, visit https://krafton.in/

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Silvassa, Daman (Dadra and Nagar Haveli) [India], April 30: Gujarat Cotex Ltd (BSE – 514386), a diversified company across textiles, real estate, hospitality and agro commodity trading businesses plans to raise Rs. 42.73 crore from its Rights Issue to funds its expansion plans. The Rights Issue opened for subscription on April 10 and will close on May 08, 2026. The Rights Issue is priced at Rs. 5 per share, offering existing shareholders an opportunity to increase their equity in the company. Share price of company’s shares on April 24 was Rs. 11.2 per share. The last date for On-Market Renunciation of REs is May 5, 2026.

Highlights:

• Rights Issue offered in the entitlement ratio of 6:1;  Last date for On-Market Renunciation is May 5, 2026
• Company to utilise Rs. 9.60 crore to complete hotel construction, Rs. 19.31 crore for working capital requirements, Rs. 2.14 crore for new registered office and Rs. 10.68 crore for general corporate purpose

For 9MFY26 company reported Revenue of Rs. 29.86 crore with Y-o-Y growth of 54.7%; Net profit rise 79.7% Y-o-Y to Rs. 82.6 lakh

The Rights Issue comprises 8,54,64,000 fully paid-up Equity Shares of face value Rs. 5 each, aggregating to Rs. 42.73 crore. Proceeds from the issue will be used to support company’s expansion plans and strengthen the company’s financial position. The Rights Issue is being offered in the entitlement ratio of 6:1 (6 rights shares for every 1 equity share held).

The company proposes to utilize the issue proceeds aggregating to Rs. 42.73 crore towards strategic growth and expansion initiatives. An amount of Rs. 9.60 crore will be deployed for the completion of its upcoming premium hotel project near Sarangpur Hanuman Mandir, comprising 55 rooms and 10 dormitory accommodations, aimed at catering to the rising demand for quality hospitality services in the region.

Further, Rs. 2.13 crore will be utilized for the purchase of a new registered office, strengthening the Company’s operational infrastructure. A significant portion of Rs. 19.30 crore is earmarked to meet the Company’s working capital requirements, supporting business scalability across its diversified segments. The remaining Rs. 10.68 crore will be allocated towards general corporate purposes, enabling overall business growth and operational flexibility.

For the nine months of financial year 2026 ended December 2025, company achieved revenue from operations of Rs. 29.86 crore, rise of 54.7% Y-o-Y as compared to the revenue of Rs. 19.30 crore in the corresponding period of FY 2024-25. Net profit also rose to Rs. 82.6 lakh for nine months of FY26 as against net profit of Rs. 45.96 lakh in the 9MFY25, a 79.7% Y-o-Y growth.

Founded in the year 1992 with textile manufacturing, Gujarat Cotex Ltd have strategically transitioned in 2016-17 to trading a wide range of grey and dyed polyester fabrics, serving power loom operators and industrial clients. Since 2007–08, company have expanded into real estate through the purchase and sale of plots, and are now foraying into hospitality with an upcoming venture. Company has recently entered agro-commodity trading with a strong focus on packed pulses to to serve institutional buyers, traders, and processing units.

Today, company has grown to a diversified enterprise operating across textiles, real estate, hospitality, and agro-commodity trading, driven by a strong commitment to quality, innovation, and sustainability. Company has a mission is to deliver high-quality products and services that meet evolving customer needs, contribute to community development, and uphold our core values of sustainability and innovation.

Rights Issue – Gujarat Cotex Ltd
Right Issue Opened on	April 10, 2026
Right Issue Closes on	May 08, 2026
Issue Price	Rs. 5 Per Share
Issue Size (No of Shares)	8,54,64,000 Equity Shares
Issue Size (Amount)	Rs. 42.73 crore
Right Issue Entitlement	6:1 (6 rights equity shares for every 1 fully paid-up Equity Share)
Last Date for On Market Renunciation	May 5, 2026

Hyderabad (Telangana) [India], April 30: Ivana Jewels, a pioneering new-age lab-grown diamond brand, is proud to announce its strategic expansion roadmap for 2026, marking a significant shift in India’s luxury jewellery landscape. “Built on a foundation of Surat’s world-class manufacturing expertise, Ivana Jewels is successfully bridging the gap between heritage craftsmanship and modern technology,” said Yogit Jindal, Founder Member and Director, Ivana Jewels.

• Sets Sights on South India Following Success in Lab-Grown Polki Leadership
• Sets up 11th store in Hyderabad.

As a cornerstone of this growth, the brand is thrilled to announce that it has set up its 11th national store at Raj Bhavan Road, Hyderabad. “This new landmark location reinforces the brand’s commitment to the region, providing a premium physical touchpoint for customers to experience Ivana’s craftsmanship firsthand,” said Shivkumar Mittal, Founder, Shikhar Trading Company, a Franchise partner.

Since its inception as a digitally native brand, Ivana Jewels has achieved an extraordinary retail milestone, scaling rapidly across major Indian hubs, including Delhi, Mumbai, Pune, and Ahmedabad. This transition to a “phygital” model underscores the brand’s commitment to building physical trust and providing the immersive in-store experience essential for high-value bridal and contemporary jewellery purchases.

Leading the Lab-Grown Polki Revolution

“Ivana Jewels has emerged as a market leader in the lab-grown diamond Polki segment,” said Ayushi Jindal, Founder Member and Director, Ivana Jewels. By being among the first to blend traditional Indian aesthetics with lab-grown stones, the brand offers grand, heritage-style collections that provide a significant size and price advantage. This unique positioning allows consumers to access high-end, “maximalist” designs without compromising on quality or craftsmanship.

Strategic Focus on South India

As part of its 2026 growth strategy, Ivana Jewels is prioritizing the South Indian market. With Hyderabad already established as a high-performance location, the brand plans to build “dense regional clusters” to enhance operational efficiency and brand recall. Key upcoming targets include Bengaluru and other major urban centers across the Telugu states and neighboring regions.

“Our journey from a digital storefront to a pan-India retail presence reflects the evolving mindset of the Indian consumer. By leveraging our in-house manufacturing in Surat, we provide IGI and SGL-certified diamonds that offer unparalleled value. We are particularly excited about our expansion in South India, especially with our new store on Raj Bhavan Road, as there is a sophisticated appreciation for both traditional gold and the modern brilliance of lab-grown diamonds,” said Aditi Jindal, Chief Marketing Officer, Ivana Jewels. 

Uncompromising Trust and Quality

“Every piece of Ivana Jewels jewellery is backed by industry-standard certifications, including BIS hallmarked gold and reputable lab grading for diamonds,” said Anirudh Mittal, Promotor, Shikhar Trading Company. “To ensure long-term customer confidence, the brand offers comprehensive buyback and exchange policies alongside product warranties, mirroring the trust levels of traditional natural diamond houses,” said Shikhar Mittal, Franchise Partner.

Ivana Jewels has made its mark across India with successful store launches in Surat, Noida, Nagpur, Mumbai, Delhi, and Mohali. Previous events have been graced by renowned personalities such as Union Minister Nitin Gadkari, Union Minister C.R patil, Chairperson Emeritus of the OP Jindal Group, Savitri Jindal, Agarwal Packers and Movers MD Ramesh Agarwal. Actress Mouni Roy is Ivana’s Brand Ambassador.

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Alliance brings together India’s leading full-stack cybersecurity company and the country’s foremost cyber law firm, delivering end-to-end DPDP compliance, cybercrime response, and legal protection for enterprises, governments, and 1.4 billion Indian consumers

New Delhi [India], April 30: 63SATS Cybertech Limited, a subsidiary of 63 Moons Technologies, one of India’s fastest-growing cybersecurity companies, today announced a strategic legal partnership with Pavan Duggal Associates (PDA), India’s most prominent cyber law firm, to guide its comprehensive cybersecurity solutions legally.

Under this alliance, PDA under renowned cyber law expert Dr. Pavan Duggal, Advocate, Supreme Court of India, will serve as the exclusive legal partner to 63SATS across its full spectrum of offerings, powering legal readiness, Digital Personal Data Protection (DPDP) Act compliance, cybercrime prosecution, and cybersecurity advisory for both its B2B and B2C clients.

The partnership creates an industry-first capability in India, as both 63SATS and PDA will provide clients with complete protection across the entire risk lifecycle: prevention, detection, response, regulatory compliance, legal defence and recovery. 

“Cybersecurity without legal readiness is incomplete defence. When a breach happens, when a regulator comes knocking, when a consumer is defrauded — our clients need more than technology. They need a partner who stands with them in the courtroom, in front of the regulator, and in the public domain. Dr. Pavan Duggal and his team are, without question, the finest cyber law practice in India. Together, we are building something India has never had before — a single, unified shield that protects enterprises, governments and consumers across the entire risk spectrum,” said Neehar Pathare, Managing Director, CEO & CIO, 63SATS Cybertech.

This alliance addresses a long-standing gap in the Indian market. Organisations hit by a cyber incident have historically been forced to navigate fragmented responses — one partner for incident response, another for compliance, a third for legal action. 63SATS and PDA now deliver all of it through one integrated, accountable engagement. 

“The DPDP Act, the rise of AI-driven cyber threats and an increasingly aggressive cybercrime landscape have made it clear — the line between cybersecurity and cyber law has collapsed. Indian businesses and citizens need a partner who can operate on both sides of that line with equal authority. 63SATS has built exceptional technology depth across enterprise, government and consumer markets. Our partnership creates a benchmark for the industry — one that the country has long needed,” said Dr. Pavan Duggal, Founder & Chairman, Pavan Duggal Associates.

The collaboration spans all three of 63SATS’ cybersecurity business lines:

• CSF (CyberSecurity Force) — Enterprise: Legal advisory on managed security services, VAPT, Red Team engagements, incident response, contractual risk and liability limitation for Indian and global enterprise clients.
• CyberDome — Government: Specialised legal counsel on cyber policy, national security frameworks, law-enforcement coordination and public-sector cyber defence mandates.
• CYBX — Consumer (B2C and B2B2C): End-to-end cybercrime reporting and prosecution support for consumers of the CYBX Super App — India’s first cybersecurity super app with integrated cyber insurance, which recently crossed 1 million downloads on the Google Play Store.
• DPDP Compliance: Integrated legal interpretation, compliance strategy and technology implementation for organisations across fintech, healthcare, e-commerce, BFSI and critical infrastructure — addressing the Digital Personal Data Protection Act, 2023 and associated rules.
• AI, IPR and Emerging Tech: Legal frameworks for AI-driven cybersecurity, blockchain, digital assets, and intellectual property arising from 63SATS’ proprietary IP portfolio.

About 63SATS Cybertech Limited

63SATS Cybertech Limited is a subsidiary of 63 moons technologies and one of India’s fastest-growing cybersecurity companies. The company operates across three business lines — CSF (CyberSecurity Force) for enterprise managed security, CyberDome for government cyber defence, and CYBX for consumer and B2B2C cybersecurity, anchored by the CYBX Super App, India’s first cybersecurity super app with integrated cyber insurance. 63SATS delivers AI-powered SOC operations, VAPT, Red Team services, DPDP compliance and vCISO advisory to organisations across BFSI, healthcare, fintech, manufacturing and government.

About Pavan Duggal Associates

Pavan Duggal Associates, founded and led by Dr. Pavan Duggal, is India’s most distinguished cyber law firm — recognised globally as a top-tier practice by The Legal 500, Asia Pacific. Headquartered in New Delhi, the firm specialises in Cyber Law, Cyber Security Law, Cybercrime Law, DPDP and Data Protection, Intellectual Property, AI Law and Emerging Technology Law. Dr. Duggal is a practising Advocate at the Supreme Court of India, Chairman of the International Commission on Cyber Security Law, President of Cyberlaw Asia, and has been acknowledged as one of the world’s top cyber lawyers. He advises governments, Fortune 500 companies and international institutions including the UN, ITU and the Council of Europe.

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Lucknow (Uttar Pradesh) [India], April 29: Chandan Healthcare Limited (NSE – CHANDAN), – One of the leading diagnostic and healthcare service providers in North India, Chandan Healthcare Limited has marked its Entry into Gujarat with diagnostic operations in Vadodara. This strategic expansion represents the company’s first venture in the state, further strengthening its pan-India presence.

The Vadodara centre marks Chandan Healthcare Limited’s entry into Gujarat and expands its national diagnostic network. With modern infrastructure and a patient-centric approach, the centre is equipped to cater to the region’s growing demand for quality diagnostic services.

Vadodara Centre Services Highlights

• Comprehensive Diagnostics: Equipped for a full suite of blood investigations and routine diagnostic services
• Advanced Clinical Testing: Provision for tests including TMT, ECG, EEG, and PFT
• Radiology Services: Provision for facilities such as X-Ray and BMD
• Network Integration: Centre to support patients from associated partner centres, ensuring seamless diagnostic access
• Strategic Partnership: Chandan Healthcare is the exclusive diagnostic partner for Jeena Sikho hospitals and clinics
• Expansion Rollout: Gradual expansion of diagnostic services across additional Jeena Sikho facilities is underway

The Vadodara centre marks Chandan Healthcare Limited’s entry into Gujarat, with provisioned capabilities and an integrated network approach. The centre is expected to support patient access and contribute to the company’s expanding diagnostic footprint over time.

Commenting on the development, Mr. Amar Singh, Promoter and Managing Director of Chandan Healthcare Limited, said, “This expansion marks our entry into Gujarat and is aligned with our ongoing growth strategy. The Vadodara centre is equipped to provide comprehensive diagnostic services, with provision for advanced clinical and radiology facilities, enabling us to serve a wider patient base with accessible and quality healthcare.

Our exclusive partnership with Jeena Sikho hospitals and clinics further enhances our reach and supports our vision of building a seamlessly connected diagnostic network across emerging healthcare markets.”

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Noida (Uttar Pradesh) [India], April 29: Cash Ur Drive Marketing Limited (NSE: CUDML | INE0WL201014), one of India’s fast-growing transits and out-of-home media companies, is pleased to announce the securing of new advertising orders aggregating to approximately ₹5.43 crore (Inclusive of applicable taxes), reinforcing its growing market presence and execution capabilities across high-impact transit and public utility media platforms.

The newly secured mandates comprise a large-scale transit media campaign across autos and buses, along with multiple government and traditional OOH advertising deployments spanning strategic locations across multiple cities, including high-footfall urban transit corridors and key city clusters. These orders further expand the Company’s presence across transit branding, public utility media, EV mobility advertising, and city-wide outdoor activation platforms, while strengthening its foothold in institutional and mobility-led advertising segments.

Backed by urban mobility expansion, rising advertiser preference for high-visibility media formats, and an expanding addressable market, Cash Ur Drive remains well-positioned to capitalize on sectoral tailwinds through its scalable network, diversified media inventory, and execution-led business model.

Commenting on the order win, Mr. Raghu Khanna, Chairman & Managing Director of Cash Ur Drive Marketing Limited, said: “These orders reflect continued demand for our transit and public utility media offerings and strengthen our visibility across key urban markets. We remain focused on scaling our media inventory and delivering consistent value to clients and shareholders.”

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