Tag: Business

New Delhi [India], April 03: The shutdown of the Strait of Hormuz didn’t just disrupt oil flows—it exposed how fragile global trade really is, sending prices, logistics costs, and economic forecasts into a sharp and uncomfortable reset.

Immediate Shock: When Oil Stops Being “Just a Price”

The thing about global trade is… it hums along quietly until it doesn’t.

And then suddenly, everything feels fragile.

That’s pretty much what happened when the Strait of Hormuz went offline in March 2026. Not partially disrupted. Not “under pressure.” Effectively shut. Which, for a route that carries about a fifth of the world’s oil, is… yeah, not great.

The first crack showed up in pricing. Not subtle either. Dated Brent shot up to $141.36. Futures? Sitting around $109. That $32 gap is doing a lot of talking.

This is what traders call extreme backwardation. Sounds technical. It is. But also pretty simple. People are willing to pay way more for oil now than later. Why? Because they’re not sure “later” will actually deliver.

It’s not about speculation anymore. It’s about barrels. Real ones. Loaded, shipped, arriving.

And when physical supply becomes uncertain, markets don’t behave nicely. They panic a little. Or a lot.

Honestly, it reminds me of those early pandemic days when people hoarded basic stuff. Same psychology. Different scale. Much, much bigger consequences.

The Trigger: A Speech, a Misread, and a Short Squeeze

Now here’s where it gets messy.

Markets weren’t exactly calm before April 2, but they weren’t pricing full escalation either. There was this quiet assumption floating around that things might cool off. Traders leaned into that. Positioned for it.

Then came Donald Trump’s address.

Look, regardless of politics, markets heard one thing: the risk of escalation just jumped.

And boom. Positions flipped. Fast.

What followed was a short squeeze. Traders who had bet on falling prices suddenly had to buy back contracts at higher prices just to limit losses. That buying pressure pushed prices even higher. Feedback loop. Nasty one.

Volatility spiked. The VIX crossed into uncomfortable territory. You could almost feel the hesitation in the market… like everyone suddenly second-guessing everything.

And yeah, this always happens. Markets think they’re smarter than events. Then reality shows up.

The 12% Hole No One Can Ignore

Right, so let’s talk scale. Because this is where it stops being a trading story and becomes an economic one.

According to Oxford Economics, a prolonged closure would create a 13-million-barrel-per-day deficit.

Thirteen million.

That’s roughly 12% of global supply. Not a rounding error. Not something you tweak around the edges. It’s a hole. A big one.

And when supply drops like that, demand doesn’t adjust instantly. It resists. For a bit. Then prices rise. Then, behavior changes.

Airlines cut routes. Factories slow down. Logistics companies start rethinking everything from routes to contracts. Consumers feel it last, but they always feel it.

Demand destruction kicks in. Gradually, then all at once.

Global GDP forecasts? Already trimmed to 1.4% for 2026. Which is… fine on paper. But in reality, that’s flirting with stagnation.

It’s like the economy is still moving, but just barely. Like traffic crawling at 5 km/h. Technically moving. Practically stuck.

Logistics: The Part Everyone Underestimates

Here’s something people don’t think about enough. Oil isn’t just produced. It has to move.

And right now, moving it is the problem.

Tanker rates have tripled. Around $420,000 a day. That’s not a typo. That’s the cost of getting oil from point A to B in this environment.

So even if you find oil, you still have to pay a premium to transport it. That’s your logistics tax right there.

And then there’s the pipeline argument. “Why not just bypass the Strait?”

Sounds logical. Isn’t.

Saudi Arabia’s East-West pipeline is maxed out at about 5 million barrels per day. The UAE adds another 1.8 million through Fujairah.

Together? 6.8 million.

Normally, about 21 million barrels move through the Strait of Hormuz.

Do the math. It doesn’t work.

Even if everything runs perfectly, you’re still missing a massive chunk. And pipelines don’t just magically expand overnight. Infrastructure doesn’t behave like software updates. Wish it did.

The International Energy Agency stepped in with a 400-million-barrel release from reserves. That helps. Of course it does.

But it’s a buffer. Not a fix.

It buys time. That’s it.

The Ripple Effect: From Fuel Tanks to Food Prices

This is where things get uncomfortable.

Because the impact doesn’t stay in energy.

The Strait of Hormuz also handles about 30% of the global fertilizer trade. And fertilizer isn’t optional. It’s directly tied to food production.

So when supply gets disrupted, fertilizer prices go up. Farmers either pay more or use less. Neither scenario is great.

Less fertilizer means lower yields. Higher costs mean higher food prices.

And here’s the tricky part. This effect is delayed. You don’t see it immediately. It shows up months later. Next harvest cycle.

So even if oil stabilizes, food inflation might just be getting started.

Aviation’s already feeling it. Jet fuel up over 30% in a month. Airlines are adding surcharges. Demand softens.

Manufacturing is dealing with margin compression. Petrochemical inputs are more expensive. Passing costs to consumers? Not always possible.

So companies absorb some of it. Margins shrink. Profits take a hit.

And yeah, it all connects. Energy → transport → food → consumption → growth. One chain.

Market Behavior: Pricing Fear, Not Just Oil

Markets right now aren’t just pricing supply. They’re pricing fear. Or, more politely, a geopolitical risk premium.

Estimates put it at $9 to $15 per barrel. That’s not tied to actual shortages. That’s the cost of uncertainty.

And uncertainty sticks around longer than disruptions.

Even if the Strait reopens tomorrow, traders won’t just go, “Cool, back to normal.” Doesn’t work like that. Memory matters.

Risk models adjust. Caution stays baked in.

Which means prices don’t fully normalize. Not quickly anyway.

Where This Is Heading: Stagflation, Probably

So here we are.

Growth slowing. Inflation rising. Classic stagflation setup.

And policymakers? They’re stuck in that awkward spot. Raise rates to control inflation, and you risk killing growth. Stimulate growth, and inflation gets worse.

Pick your poison.

The closure of the Strait of Hormuz didn’t just disrupt supply. It exposed how dependent global trade still is on a few critical chokepoints.

We like to think the system is diversified. Flexible. Resilient.

It is… until it isn’t.

And right now, it isn’t.

Maybe things stabilize soon. Maybe supply routes reopen, prices cool off, and we all move on.

But something’s changed. You can feel it.

Markets don’t forget shocks like this. They adjust. Slowly. Unevenly. But they do.

And next time? They’ll price the risk faster.

Probably higher too.

PNN BUSINESS

Chennai (Tamil Nadu) [India], April 03: Sathlokhar Synergys E&C Global Limited (NSE: SSEGL), One of the leading EPC players, providing end to end turnkey execution across design, civil works, PEB structures, MEP systems, solar installations, and interior fit outs, Sathlokhar Synergys E&C Global Limited delivered a strong operational and financial performance for FY26, driven by robust project execution and improved operational efficiency across its key business segments. The Company has also started the new financial year on a strong note with fresh order inflows aggregating to approximately ₹ 125 Cr (including GST) across reputed clients.

For FY 2026, the Company recorded a turnover growth of more than 100% compared to the previous financial year FY25, wherein the Company had posted a total revenue of ₹401.83 Cr. This robust performance was driven by strong execution across infrastructure and solar EPC projects, improved project progress, and disciplined billing and collection processes, reflecting enhanced operational efficiency.

Healthy Order Book and Strong Revenue Visibility
 The total work order booked value (under execution and recently awarded) from 01^st January 2026 till date stands at ₹ 1097 Cr (excluding GST), to be executed over the next 3 to 10 months, providing strong near term revenue visibility.

New Orders Secured

• M/s. Reliance Consumer Products Limited (Producing CAMPA COLA Beverages), Subsidiary Company of Reliance Industries Limited, Maharashtra – Execution of additional Civil and PEB works at Brahmanapalli Village, Andhra Pradesh, Kurnool District, India as per client specifications – Total Order Value ₹102.71 Cr (including GST), to be completed before June 2026
• M/s. EDAC Engineering Limited, Tamil Nadu – Execution of Civil, PEB and MEP works at Minjur, Chennai, Tamil Nadu, India as per client specifications – Total Order Value ₹17.79 Cr (including GST), to be completed before November 2026
• M/s. Anabond Limited, Tamil Nadu – Execution of Civil works including construction of compound wall and earth work at APIC Industrial Park, Attivaram, Ozili Mandal, Andhra Pradesh, India as per client specifications – Total Order Value ₹4.61 Cr (including GST), to be completed before July 2026

Further strengthening its growth outlook, the Company has guidance indicating potential additional order inflows exceeding ₹500+ Cr from existing and ongoing client relationships, reinforcing confidence in sustained business momentum.

Robust Pipeline and Future Opportunities
 The Company has submitted bids worth ₹18,417 Cr USD 1.9 Billion, which are currently under various stages of evaluation, highlighting a strong and diversified project pipeline. In addition, the Company is actively engaged with over 19,500 potential leads, ensuring a steady flow of opportunities for future order bookings.

Guinness Record Initiative Fast Track Execution
 In a significant milestone, the Company is executing a fast track project for Reliance Campa Cola at Kurnool, which is set to become the world’s second largest beverage plant with 11 production lines and a built up area of approximately 15 lakh sq. ft. The Company is in the process of applying for a Guinness World Record for this project, supported by management guidance.

Commenting on the Performance, Mr. G. Thiyagu, Managing Director of Sathlokhar Synergys E&C Global Limited said, “FY26 has been a landmark year for us, with turnover more than doubling driven by strong execution across infrastructure projects, improved project progress, and disciplined operational practices. This performance reflects the strength of our integrated EPC capabilities and our consistent focus on timely delivery and execution excellence.

We are starting the new financial year on a strong note with new order wins, further strengthening our order book and near term revenue visibility. The order from Reliance Consumer Products Limited represents a repeat engagement, reinforcing client confidence in our capabilities. We are also executing the fast track Campa Cola project at Kurnool and are in the process of applying for a Guinness World Record, highlighting our ability to deliver large scale projects within accelerated timelines.”

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Mumbai (Maharashtra) [India], April 03: Punjab Carbonic Limited, an integrated carbon capture & utilisation and industrial gas solutions company, has filed its Draft Red Herring Prospectusdated March 31, 2026, with the Securities and Exchange Board of India (“SEBI”), BSE Limited and National Stock Exchange of India Limited (collectively, “Stock Exchanges”).

The proposed initial public offering will comprise up to 95,00,000 Equity Shares of face value of ₹10 each (“Equity Shares”), consisting of a Fresh Issue of up to 60,00,000Equity Shares (“Fresh Issue”) and an Offer for Sale of up to 35,00,000 Equity Shares (“Offer for Sale” and together with the Fresh Issue, the “Offer” or “IPO”).

The Company’s Objects of the Offer comprises of (i) Setting up of two CO2 recovery units (“CRUs”) at Nellore, Andhra Pradesh and Peddapuram, Andhra Pradesh, having installed capacity of 120 MTPD and 90 MTPD, respectively (“Proposed CRUs”); (ii) Funding capital expenditure requirements of our Company towards purchase of CO2 transportation tankers to strengthen existing logistic infrastructure for CO2 vertical; (iii) Investment in our Material subsidiary, Pancarbo Greenfuels Private Limited (“PGPL”), for financing the capital expenditure requirement towards expansion of its existing Ethanol Distillery located at Village Lehri, Punjab by increasing its ethanol manufacturing capacity by 35 KLPD (“Proposed Expansion”); (iv) Repayment and/or pre-payment, in full or part, of certain outstanding borrowings availed by our Company; and (v) General Corporate Purposes. 

Beeline Capital Advisors Private Limited has been appointed as the Book Running Lead Manager (“BRLM”) to the Offer & KFin Technologies Limited as the Registrar to the Offer.

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New Delhi [India], April 03: Cupid Limited (BSE: 530843 | NSE: CUPID), has made the payment of ₹82.88 crore, representing 25% of its total planned investment of ₹331.53 crore in Baazar Style Retail Limited (Style Baazar).

Pursuant to this, the Company has been allotted 1,01,00,000 warrants, convertible into equity shares of Style Baazar.

This investment provides Cupid Limited with direct access to a large and rapidly expanding retail network of 260+ stores, significantly strengthening market access, shelf visibility, and last-mile reach for its FMCG product portfolio. The partnership enables immediate availability of Cupid’s products across Style Baazar stores, enhancing in-store presence and consumer engagement from the outset.

The collaboration is also expected to support faster rollout of Cupid’s expanded product portfolio, leveraging Style Baazar’s strong store-level execution capabilities and consumer insights. This will enable deeper penetration across high-potential regional markets with improved speed and efficiency.

Style Baazar’s planned expansion to over 500 stores in the next two to three years is expected to further scale this opportunity, with Cupid’s FMCG offerings growing alongside the network and significantly increasing consumer touchpoints and brand visibility.

With this ecosystem in place, Cupid Limited expects to generate incremental annual revenue of ₹500 crore over the next three years as the platform scales across geographies and product categories.

Commenting on the Development, Mr. Aditya Kumar Halwasiya, Chairman & Managing Director of Cupid Limited said, “We are pleased to complete the first phase of this strategic investment, this development strengthens our retail presence and significantly enhances our FMCG distribution reach across key markets. As the partnership scales, we remain confident of driving strong growth through improved market access and deeper consumer engagement.”

Commenting on the Development, Mr. Shreyans Surana, Managing Director, of Baazar Style Retail Limited said, “We are pleased to advance our partnership with Cupid Limited with the completion of the first phase of this investment. Their strong FMCG portfolio and execution capabilities continue to complement our retail platform, enabling better product availability and customer experience. This collaboration will further support our expansion journey as we scale our store network and strengthen our overall value proposition.”

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Mumbai (Maharashtra) [India], April 03: Monomark Engineering (India) Limited provides Industrial Operations and Maintenance (“O&M”) services, Metal Fabrication solutions and Industrial Project Execution services to diversified industrial clients. The company has filed its Draft Red Herring Prospectus with BSE & NSE in preparation for the IPO. The issue size will be of upto 2,70,00,000 Equity Shares of face value of ₹ 10 each. 

As Monomark Engineering (India) Limited moves forward with its IPO plans, the funds raised will be used in funding the incremental working capital requirements and it will flow directly into the company’s operations.

Holani Consultants Private Limited has been appointed as the Book Running Lead Manager to the Issue, while Bigshare Services Private Limited will serve as the Registrar to the Issue.

About Monomark Engineering (India) Limited: 
Monomark Engineering (India) Limited is engaged in the business of providing Industrial Operations and Maintenance (O&M) services, Metal Fabrication solutions, and Industrial Project Execution services to a diversified base of industrial clients across multiple sectors such as metals, cement, ports, and engineering/OEMs. 

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

New Delhi [India], April 03: AAC-based wall panels offer a more energy-efficient and flexible alternative, making them relatively less vulnerable to fuel price volatility compared to traditional materials

·       Rising global tensions may impact construction costs and project timelines across the sector

·       Growing shift toward AAC-based walling systems for faster and more efficient execution

·       Bigbloc Construction strengthens focus on modern, resilient building solutions

Recent global geopolitical developments have raised concerns around rising construction costs and potential delays in project timelines, especially due to volatility in key materials. This is adding a layer of pressure for developers who are already working with tight schedules and cost considerations. Amid this evolving scenario, Bigbloc Construction is highlighting the need for more efficient and resilient construction approaches that can help maintain project momentum and improve execution predictability.

At the same time, the sector continues to see strong demand across housing, infrastructure and data centre development. Developers are working with faster delivery expectations, making projects more sensitive to fluctuations in input materials. Volatility in fuel dependent materials is adding to this complexity and making planning less predictable. As a result, there is a growing shift toward modern construction solutions such as AAC based walling systems that support faster and more efficient execution.

This shift is becoming more relevant as traditional construction materials such as bricks and ceramics continue to rely on energy intensive processes, making them more sensitive to fuel price fluctuations. In comparison, AAC based wall panels are less energy intensive and offer greater flexibility in production, making them relatively more resilient in such conditions. In addition to this, they enable faster construction, often reducing project timelines by 30 to 50 percent, while also helping developers achieve better cost predictability and more efficient execution overall.

Aligned with this growing shift, Bigbloc Construction is strengthening its focus on modern walling solutions as India’s only listed AAC block manufacturer. The company is expanding its capacity and focusing on advanced walling solutions such as ZmartBuild wall panels to meet the changing needs of the construction sector. Through its joint venture with Siam Cement Group, Bigbloc has also set up a modern manufacturing facility in Kheda near Ahmedabad, ensuring consistent supply and scalable production.

Commenting on this, Mr. Narayan Saboo, Chairman, Bigbloc Construction Limited, said, “The construction industry is steadily moving toward solutions that offer faster execution and more predictable outcomes. There is a clear shift toward materials that can deliver efficiency without compromising on quality, and we believe modern AAC based systems will play an important role in shaping the future of construction in India.”

Looking ahead, the sector is likely to see a steady rise in the adoption of modern construction materials as developers look for better control over costs and timelines. Industry bodies have also pointed out that if the US–Iran conflict continues, it could lead to higher costs and some delays due to rising fuel prices and supply disruptions. At the same time, this is encouraging a gradual move toward more efficient and less resource intensive construction methods. This shift is also being supported by government initiatives encouraging the adoption of faster and more efficient construction methods across housing and infrastructure projects. With growing acceptance and supportive policy direction, the sector is expected to continue evolving toward more efficient and resilient practices, supporting long term and sustainable growth.

About BigBloc Construction:

Incorporated in 2015, BIGBLOC Construction Ltd is one of the largest and only listed AAC block manufacturer in India, with a 1.3 million CBM annual capacity across plants in Gujarat (Kheda, Umargaon, Kapadvanj) and Maharashtra (Wada). The company, which markets its products under the ‘NXTBLOC’ brand, is one of the few in the AAC industry to generate carbon credits. With over 2,000 completed projects and 1,500+ in the pipeline, The company’s clients include Lodha, Adani Realty, IndiaBulls Real Estate, DB Realty, Prestige, Piramal, Oberoi Realty, Tata Projects, Shirke Group, Shapoorji Pallonji Group, Raheja, PSP Projects, L&T, Sunteck, Dosti Group, Purvankara Ltd, DY Patil, Taj Hotels, Godrej Properties, Torrent Pharma, GAIL among others.

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New Delhi [India], April 03: Double Tap Films, India’s first data-backed microdrama studio, announces its formal launch, marking a new chapter in the country’s short-form entertainment landscape. Built at the intersection of indigenous IP and mobile-first consumption, Double Tap Films produces complete, vertical-first dramatic narratives powered by real audience intelligence from Pratilipi, the country’s largest Indian language storytelling platform.

• Built on Pratilipi’s IP ecosystem of over 20Mn stories, the studio combines data-backed, indigenous storytelling with vertical-first cinematic craft to deliver a new format for the mobile era
• Their content sits across leading platforms like Amazon Prime Video, MX Player, Zupee, Hungama OTT, Fatafat, Reelies, Story TV, Vertical TV, KLIP, DramaWave, and more
• With a growing slate of productions across Hindi, Bengali, Kannada, Gujarati, and more

Double Tap Films’ production model is built on a competitive advantage that is unique in the Indian entertainment industry. Pratilipi’s ecosystem, home to over 2Mn authors whose stories are read more than 800Mn times each month, provides the studio with a continuous pipeline of audience-validated IP across languages and genres. Before a single frame is shot, DTF already knows which stories generate the emotional dependency that drives binge behaviour.

The studio describes its approach as a ‘format lab to franchise pipeline’, using the microdrama format as a high-signal environment for identifying IP with the potential to scale across OTT, gaming, and international markets. Every production is simultaneously a story for audiences and a market signal for the industry.

“India has always been a country of storytellers. What has changed is the screen. The mobile phone is now the primary relationship that hundreds of millions of Indians have with narrative forms and Double Tap Films exists to define what great storytelling looks like within it. We are not making short content. We are building a new cinematic language for the mobile era, rooted in stories that India already loves.”— Ranjeet Pratap Singh, Co-Founder & CEO, Pratilipi

The studio’s debut slate spans multiple languages and genres, with productions including Avnika Ki Shaadi, Apavitra, Aag Se Takkar, Raavan, Boss Bahu, CEO Se Romeo, 2:47AM, Nishithini, and Naduve, with content available on Amazon Prime Video, MX, Zupee, Fatafat, Reelies, Story TV, Vertical TV, Hungama OTT, KLIP, DramaWave and more. Each production is conceived vertically from the first frame, engineered for the speed and intimacy of the mobile screen, and built around the brand’s defining philosophy – Zabardast Entertainment. Indigenous Storytelling. Global Reach.

“India has already crossed 250 million cumulative downloads of micro-drama apps, and that number continues to climb each month. Double Tap Films is built to become the studio powering this surge, creating and scaling the content audiences are actively consuming. We are not just producing content for the format; we are defining what the format can be. Every frame is designed for maximum emotional impact per second – mobile-first, story-first, and audience-obsessed. When you start with over 20Mn stories that readers choose to read over 800Mn times a month; and you build for the screen they carry in their pocket, the result is not short-form entertainment. It is the most direct line between a story and its audience.” — Sharlton Menezes, Vice President IP & Key Partnerships, Pratilipi & Double Tap Films

India’s microdrama market is one of the fastest-growing segments in the country’s entertainment economy, with projections pointing to a market value exceeding $1 billion by 2030. The format has seen rapid growth in consumption across Tier 2 and Tier 3 cities, with genres spanning family drama, romance, and aspirational narratives commanding the highest engagement. Double Tap Films enters this market not as a platform, but as a studio, bringing creative authority and validated IP to a space that has until now lacked a credible content brand at its centre.

The studio’s productions are available on Amazon Prime Video, MX, Zupee, Fatafat, Reelies, Story TV, Vertical TV, Hungama OTT, KLIP, DramaWave and more. Double Tap Films produces microdramas in Hindi, Bengali, Kannada, and Gujarati, with further language expansions planned through 2026.

ABOUT DOUBLE TAP FILMS

Double Tap Films is India’s first data-backed microdrama studio, producing vertical-first, emotionally engineered narratives built for the mobile screen and the modern attention span. Fuelled by Pratilipi’s IP ecosystem of over 2Mn writers whose stories are read more than 800 Mn times each month — DTF adapts audience-validated stories into complete dramatic arcs across Hindi, Bengali, Kannada, and Gujarati, and more, designed to provoke an immediate, instinctive response. Every frame is built for maximum emotional impact per second — mobile-first, story-first, and audience-obsessed. Zabardast Entertainment. Indigenous Storytelling. Global Reach.

ABOUT PRATILIPI | www.pratilipi.com

Pratilipi is the largest Indian language storytelling platform. Its eponymous product is home to over 1.6 million writers in 12 Indian languages and has over 12 million monthly active readers. Pratilipi also owns and operates Pratilipi FM, Pratilipi Comics, Westland Books, and IVM Podcasts. Pratilipi stories are licensed by ecosystem partners for various other formats, including OTT shows, TV shows, and movies.

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New Delhi [India], March 31: We are proud to share that Jotwani Associates has been recognised for its excellence in the field of Intellectual Property Rights (IPR), receiving an award for Best IPR Practice.

Mr. Dinesh Jotwani is the Co-managing Partner at Jotwani Associates and a Senior Advocate with nearly 30 years of experience practicing law in India. He brings extensive expertise across litigation, spanning civil, criminal, corporate, and intellectual property matters, and has represented a wide spectrum of clients, including Fortune 100 companies, Indian enterprises, multinational corporations, startups, and individuals. Under his leadership, the firm has grown into a multi-specialist Indian law firm comprising more than 40 advocates and professionals. Its diverse practice areas include litigation, government relations, intellectual property, corporate law, taxation, matrimonial disputes, real estate, and immigration, enabling clients to effectively achieve both their business and personal objectives.

This distinguished recognition reflects the firm’s unwavering commitment to delivering strategic, innovative, and high-quality legal solutions across the full spectrum of intellectual property. From complex patent prosecution and portfolio management to trademark protection, enforcement strategies, and nuanced IP advisory, the firm continues to set benchmarks in safeguarding and maximizing the value of intellectual assets in an increasingly competitive global landscape.

At the core of this achievement lies a client-centric approach that prioritizes precision, foresight, and adaptability. The firm has consistently demonstrated its ability to navigate evolving regulatory frameworks, emerging technologies, and cross-border challenges, ensuring that clients receive not only legal protection but also commercially sound and future-ready solutions.

Jotwani Associates stands as a foremost multi-disciplinary global law firm, supporting a diverse clientele that includes Fortune 500 corporations, leading Indian business houses, academic and research institutions, startups, and individual innovators. The firm’s ability to seamlessly integrate legal expertise with industry insight has enabled it to build long-standing relationships based on trust, reliability, and results.

This accolade further reinforces our position as a trusted partner in safeguarding innovation and intellectual assets, while also inspiring us to continue raising the bar in excellence, integrity, and service delivery. It is a testament not only to the firm’s expertise but also to the dedication, collaboration, and passion of our entire team.

We extend our heartfelt gratitude to our clients, colleagues, and partners for their continued trust and support. Their confidence in our capabilities drives us to constantly evolve, innovate, and excel. As we celebrate this milestone, we remain committed to advancing the frontiers of intellectual property law and contributing meaningfully to the protection and growth of innovation worldwide.

Mumbai (Maharashtra) [India], April 02: Dev Information Technology Limited(DEV IT), (NSE – DEVIT, BSE – 543462 | INE060X01034), a global IT services company offering Cloud Services, Digital Transformation, Enterprise Applications and Managed IT Services, has announced that its Board of Directors has approved the transfer of its product businesses, ByteSIGNER and Talligence, to Byte Technosys Private Limited, an associate company.

This move reflects the Company’s continued focus on sharpening its strategic direction and building a more efficient and focused operating structure.

Transaction Overview
The transaction involves a cash consideration of ₹11.90 Crore and is structured as a standalone slump sale, not pursuant to any merger or amalgamation. It is expected to be completed on or before September 30, 2026. The transaction qualifies as a related party transaction and is being executed on an arm’s length basis, supported by an independent valuation.

Business Transfer and Buyer Profile
Byte Technosys Private Limited is engaged in IT infrastructure management services, including remote server monitoring, helpdesk support and other computer-related services, along with software development and IT consultancy. The entity is an associate company of DEV IT.

Strategic Rationale and Way Forward
This transaction is aimed at enhancing operational efficiency, eliminating redundancies and improving go-to-market alignment, while enabling more effective resource allocation. It is expected to support margin improvement through cost efficiencies and strengthen oversight through a simplified structure. At the same time, it allows the product businesses to scale within a more focused environment, while enabling DEV IT to concentrate on its core capabilities and pursue long-term growth opportunities with greater agility and clarity. This marks a strategic realignment designed to unlock sustainable value for both entities.

Commenting on the Update, Dev Information Technology’s Management said: “This is a strategic step towards simplifying our structure and sharpening our focus on core business areas. By transferring ByteSIGNER and Talligence into a separate entity, we are creating a more focused environment for both businesses to grow, execute efficiently and scale in line with their respective opportunities.”

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

New Delhi [India], April 02: Rathi Steel And Power Limited (BSE –504903), One of the leading players in stainless steel long products and TMT bars, has recorded revenue of ₹ 244.8 Crores (approx.) for Q4 FY 26, while also reporting revenue of ₹716.7Crores (approx.) for FY26 as against ₹ 505.43 Cr in FY25, reflecting a growth of 41.8% YoY. Robust revenue for Q4 demonstrates operational resilience, considering the challenges posed by the current geopolitical developments impacting fuel costs, global trade and other macro-economic factors.

Company is uniquely positioned in the stainless-steel wire rod space, with the only Indian company to be direct charging capabilities for rolling stainless steel wire rod, wherein Hot stainless-steel billet is directly fed into the wire rod rolling mill, thereby minimising fuel consumption for reheating purposes. This capability is all the more relevant during current times, when fuel prices across the board are rapidly rising on account of the energy disruptions due to the Iran war.

Impact of rising fuel prices is being felt more in the TMT business which consumes larger quantity of the same. The company is however taking steps to mitigate the same.

Company’s balanced and diversified product portfolio comprising Stainless steel and TMT products provides operational flexibility, enabling us to cater to a wider customer base while optimizing realizations. Additionally, improved operational flexibility has led to higher capacity utilisation levels of the rolling division contributing to better throughput and scalability of operations. 

Commenting on the Performance, Mr. Udit Rathi, Promoter of Rathi Steel And Power Limited said, “This has been a strong finish to the year driven by the collective efforts of our team and continued focus on quality and operational excellence. As we move ahead, we remain optimistic about the strong fundamentals of the Indian economy, with a strong leadership and foundation in place. Undoubtedly, the present geopolitical situation does pose uncertainties and challenges. We remain watchful and cautious of the same. Company’s platform is well set for the next phase of growth, with continued focus on efficiency, quality, and scalable execution.”

Disclaimer: This article is for informational purposes only and does not constitute financial advice.