Tag: Business

  • Ducon Infratechnologies Reports Q3 and 9M FY26 Results; Advances Strategic Clean Energy Initiatives

    Ducon Infratechnologies Reports Q3 and 9M FY26 Results; Advances Strategic Clean Energy Initiatives

    Mumbai (Maharashtra) [India], February 14: Ducon Infratechnologies Limited (NSE- DUCON | BSE- 534674 | INE741L01018), a global diversified technology EPC company delivering engineering solutions across environmental control, clean energy, infrastructure, and process industries has announced its unaudited financial results for Q3 and 9M FY26

    Consolidated Key Financial Highlights

    9M FY26 Consolidated Financial Highlights

    • Total Income of ₹321.18 Cr

    • EBITDA of ₹20.82 Cr

    • EBITDA Margin of 6.48%

    • Net Profit of ₹9.14 Cr

    • Net Profit Margin of 2.84%

    Q3 FY26 Consolidated Financial Highlights

    • Total Income of ₹94.31 Cr

    • EBITDA of ₹5.84 Cr

    • EBITDA Margin of 6.19%

    • Net Profit of ₹2.31 Cr

    • Net Profit Margin of 2.45%

    Commenting on the performance, Arun Govil, Chairman & Managing Director of Ducon Infratechnologies Ltd., said: “This quarter reflects a steady performance in what continues to be a transitional phase for the sector, but the broader structural opportunity ahead remains compelling. Policy momentum around carbon capture and clean energy is clearly building, and our early move into solvent-based carbon capture R&D positions us well to benefit from India’s ₹20,000 crore CCUS initiative. At the same time, the launch of our IQ Energy AI platform aligns us with the growing demand for smarter and more efficient power systems, especially as AI-led data centre expansion drives incremental energy requirements.

    Looking ahead, we see strong tailwinds from tightening environmental norms, modernization of power infrastructure, and increasing focus on efficiency-led investments. With our integrated EPC capabilities and technology-led approach, we are well placed to participate in these emerging opportunities while improving execution discipline and operating leverage. We remain confident that these strategic initiatives will support sustainable growth as industry investments accelerate.”

    Recent Key Business Highlights

    Carbon Capture R&D: Initiated solvent-based carbon capture R&D ahead of policy support, positioning the company to benefit from India’s ₹20,000 crore CCUS push.

    AI Platform Launch: Launched IQ Energy AI platform to optimize power generation efficiency, reduce downtime and support utilities amid rising demand from AI-driven data center.

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  • Ganesh Infraworld Ltd Net Profit up 68pc Y-o-Y to Rs.19.04 crore in Q3FY26

    Ganesh Infraworld Ltd Net Profit up 68pc Y-o-Y to Rs.19.04 crore in Q3FY26

    New Delhi [India], February 14: Kolkata based Ganesh Infraworld Limited (NSE – GANESHIN) leading company in the infrastructure and engineering sector has reported strong operational and financial performance for the Q3FY26. Company has reported consolidated net profit of Rs. 19.04 crore in Q3FY26, up 68% Y-o-Y from net profit of Rs. 11.34 crore reported in Q3FY25. Revenue from operations for Q3FY26 was reported at Rs. 215.32 crore, 44.3% rise Y-o-Y as compared to the revenue from operations of Rs. 149.19 crore in the corresponding period last year. The company has a strong order book of Rs. 2,211.7 crore with presence in eight states.

    Highlights:-
    • 9MFY26 Net Profit rise 81.9% to Rs. 51.7 crore; EBITDA up 99.2% to Rs. 75.6 crore.
    • 9MFY26 revenue from operations rise 59.6% to Rs. 606 crore
    • The company has a strong order book of Rs. 2,211.7 crore with presence in eight states.

    EBITDA for Q3FY26 was reported at Rs. 29.2 crore, 83.5% jump Y-o-Y from EBITDA of Rs. 15.9 crore reported in Q3FY25.

    As per the consolidated balance sheet, for the nine months ended 31 December 2025 of FY26, the company reported revenue of Rs. 608.30 crore rupees, an increase of 59.6% Y-o-Y as compared to revenue of Rs. 381.68 crore in the corresponding period last year. Net profit after tax for the nine months stood at Rs. 51.71 crore registering a growth of 81.9% rise over Rs. 28.43 crore profit in the corresponding period last year.

    Sharing more details, Mr. Vibhoar Agrawal Founder & CMD, Ganesh Infraworld Ltd, said, “FY26 continues to build strong momentum for Ganesh Infraworld Ltd., driven by disciplined execution, expanding business verticals, and a sharpened strategic focus. The Company remains committed to strengthening core capabilities while unlocking new, high-visibility growth avenues. With a robust order pipeline, expanding execution capabilities, and strategic entry into regulated mining operations through the new SPV, Ganesh Infraworld Ltd. is well-positioned to sustain high growth momentum and deliver long-term value through FY26 and beyond.”

    Incorporated in 2024, Ganesh Infraworld Limited is engaged in civil construction works for building, road, railway and water infrastructure projects across West Bengal, Bihar, Uttar Pradesh, Chhattisgarh, Maharashtra, New Delhi, Telangana, Odisha and Jharkhand.

    Crisil rating has recently assigned long term rating of Crisil BBB+/Stable rating and short term rating of Crisil A2. The rating reflects GIL’s established market position in the construction industry, healthy order book providing revenue visibility, diversified segments & geographical reach and healthy financial profile. These strengths are partially offset by its susceptibility to tender-based operations and increasing working capital cycle.

    Founded in 2017, Ganesh Infraworld Limited is a fast growing infrastructure and EPC company shaping India’s development landscape through civil, electrical, road, rail and water projects. From industrial facilities and highways to rail systems and water supply networks, the company delivers end to end construction solutions across multiple states with a strong footprint in eastern and northern India. Backed by a robust order book, a diversified project portfolio and long standing client relationships, Ganesh Infraworld combines execution strength with disciplined project management to build infrastructure that supports sustainable growth and lasting value.

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  • Love Aaj Kal: Pinky Promise Analyses 10,000 Conversations on Women and Pleasure

    Love Aaj Kal: Pinky Promise Analyses 10,000 Conversations on Women and Pleasure

    Mumbai (Maharashtra) [India], February 13: Pinky Promise, the world’s first AI and ML powered clinic for women’s sexual and reproductive health, has released findings from Love Aaj Kal, an analysis of over 10,000 anonymised conversations between women across India and Pinky Promise gynaecologists in 2025.

    Ahead of Valentine’s Day, the analysis highlights clear patterns in how women are approaching pleasure and sexual self-understanding, based on real, private conversations.

    Nearly 64 percent of users were between 18 and 23 years of age, with the average age at 23. Users ranged up to 37 years. The conversations span over 500 metros, towns and talukas across India. While Delhi and Mumbai contributed significant volume, more than 60 percent of queries originated from Tier 2 cities and smaller towns, including regions in the North East and Jammu and Kashmir.

    Pleasure-related discussions formed a significant portion of the dataset, with nearly 4,800 conversations centred on sexual self-understanding. More than half of these focused on self-pleasure. Women sought clarity around sensation, sensitivity and whether their experiences were typical.

    Over 30 percent of pleasure-related queries involved pain, irritation or soreness. Rather than ignoring discomfort, users sought clarification and reassurance. Conversations referencing personal massagers and similar devices, which accounted for approximately 3 percent of pleasure discussions, focused primarily on safety, irritation and long-term impact.

    Partner-related questions were also prominent. Many referenced boyfriends or casual partners across metros and smaller towns. These conversations focused on comfort, communication and mutual understanding, reflecting women taking initiative in navigating intimacy within their relationships.

    Commenting on the findings, Divya, CEO & Co-founder of Pinky Promise, said “What stands out in these conversations is how clearly women are articulating their experiences. They are asking specific questions about sensation, comfort and communication. When privacy is assured, the conversations become more direct and more informed. The engagement across cities and smaller towns shows that women are ready to explore these topics when they have access to safe spaces.”

    A 22-year-old participant from a Tier 2 city, who requested anonymity, shared, “Being able to ask questions privately made a big difference. It helped me understand what I was feeling and approach it with more confidence.”

    Key Observations from Love Aaj Kal

    • Women are initiating conversations about pleasure earlier in their sexual lives.
    • Self-pleasure is widely discussed across metros and smaller towns.
    • Discomfort prompts clarification rather than silence.
    • Communication within relationships is a recurring theme.
    • Anonymity encourages more direct and specific questions.

    Founded to improve access to reliable and confidential healthcare, Pinky Promise enables private digital consultations with qualified gynaecologists focused on women’s sexual and reproductive health. The platform supports informed, judgement-free conversations, making it easier for women across India to seek clarity about pleasure and intimacy.

    Pinky Promise

    About Pinky Promise

    Pinky Promise is India’s first AI-enabled women’s digital clinic offering chat-first gynaecological care through a mobile app. Available 24×7 in Hinglish and English, the platform enables women to consult qualified gynaecologists, receive prescriptions, and access ongoing care at an affordable starting price of ₹99. Since launch, Pinky Promise has served over 350,000 women across India.

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  • VMS TMT Reports Robust Q3 FY26 with 43pc EBITDA Growth and 278pc PAT Increase QoQ

    VMS TMT Reports Robust Q3 FY26 with 43pc EBITDA Growth and 278pc PAT Increase QoQ

    Ahmedabad (Gujarat) [India], February 13: VMS TMT Limited (BSE: 544521 | NSE: VMSTMT), a fully integrated steel manufacturer engaged in TMT Bars, Billets, and Binding Wires, announced its Unaudited Financial Results for the Quarter and Nine Months ended 31 December 2025.

    Key Financial Highlights – Q3 & 9M FY26 (₹ in Crores)

    Particulars Q3 FY26 QoQ Growth 9M FY26
    Total Income 202.51 +10.6% 598.84
    EBITDA 17.53 +43.4% 50.38
    Net Profit 8.04 +277.8% 18.74
    EPS (₹) 1.62 +174.6% 4.67

    Operational & Business Highlights 

    • Strong sequential growth in Q3 supported by improved plant utilization and stable demand across retail and institutional segments.
    • Backward integration through the billet (CCM) facility continued to enhance cost control and raw material availability.
    • Retail-led distribution network of 227+ dealers and 3 distributors sustained steady offtake across Gujarat.
    • Automation and process optimization at the Bhayla plant improved productivity and operating leverage during the quarter.
    • Completion of IPO-related debt repayment strengthened balance sheet and reduced finance costs.
    • Progress continued on the 15 MW captive solar power project to structurally lower energy costs.
    • Healthy order pipeline maintained across housing and infrastructure-driven demand segments.

    Mr. Varun Jain, Chairman & Managing Director, VMS TMT Limited, said:

    “Q3 marked a strong sequential improvement for VMS TMT, with double-digit revenue growth and a sharp increase in profitability driven by operating leverage and efficiency gains across our integrated operations. The successful stabilization of our billet facility, improved plant utilization, and consistent retail demand supported performance during the quarter.

    Over the first nine months of FY26, we have strengthened our integrated manufacturing platform, expanded dealer engagement, and completed key balance-sheet milestones following our IPO. With healthy order visibility, continued infrastructure demand, and ongoing cost-optimization initiatives including captive solar power, we remain confident of sustaining growth momentum and improving margins over the medium term.”

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

  • Clean-tech Start-up Solar Capital launches digital platform enabling rooftop-less consumers to participate in India’s solar growth

    Clean-tech Start-up Solar Capital launches digital platform enabling rooftop-less consumers to participate in India’s solar growth

    New Delhi [India], February 13: As India accelerates its clean energy transition, Gurugram based Start-up, “Solar Capital” has announced the launch of its digital solar participation platform that enables individuals and organisations to take part in solar energy generation without owning rooftops or installing on-site infrastructure, with subscriptions starting from as low as Rs 999/-. This move significantly lowers entry barrier for consumers without rooftop access or the ones who simply don’t have the time to maintain the asset for its entire lifecycle. It expands the scope for fractional solar investment in India’s clean energy transition.

    India has set ambitious renewable energy targets; however, a significant portion of urban consumers, renters, apartment residents, and small businesses remain unable to adopt rooftop solar due to space constraints, leased premises, or operational complexities. At the same time, many commercial and industrial buildings with suitable rooftops are unable to deploy solar projects due to working capital limitations, balance-sheet constraints, and long payback cycles.

    Solar Capital addresses both challenges through a subscription-based, fractional solar investment model that allows users to digitally participate in verified, developer-owned solar projects while enabling host buildings to deploy solar capacity without upfront capital expenditure or financial risk. For many consumers comparing digital solar vs traditional solar, the participation-led approach removes installation, maintenance, and ownership complexities.

    Founded by Sameer Mishra and Maharshiraj Chudasama, Solar Capital was conceptualised after hundreds of on-ground interactions across the solar ecosystem. “We met individuals who wanted to support clean energy and save on bills but had no rooftops or the time for maintenance of the system for many years to come. Simultaneously, we saw commercial buildings hesitate to set one up due to capital lock-in,” said Sameer Mishra, Founder, Solar Capital. “We realised that separating solar participation from physical ownership could unlock adoption on both sides.”

    Solar Capital was recently awarded the Digital Solar Innovation Award 2026 by a leading business magazine. The recognition underscores the company’s role in expanding access to solar energy through scalable, technology-led participation models and highlights its contribution to India’s evolving clean energy ecosystem.

    Through the Solar Capital platform, subscribers can enroll digitally in shared and distributed solar projects operated by established developers. Sameer said, “The platform allows individuals and organisations to participate in solar projects with subscriptions starting from as low as Rs 999/-, making digital solar participation and fractional solar investment accessible to a much wider audience. Commercial buildings act as host locations without investing capital or taking on balance-sheet exposure”.

    Subscribers receive monthly Green Credits, redeemable across BBPS-enabled utility payments including electricity, gas, water, mobile, broadband, and other essential services.

    Solar Capital is backed by industry experts from the renewable energy, power, and financial services sectors, helping shape a compliance-led structure with predictable offtake models and scalable demand aggregation. This approach improves project bankability for developers while ensuring transparency and simplicity for subscribers.

    Early adoption has seen strong interest from urban consumers and small organisations, particularly those without rooftop access. Users have highlighted the ease of onboarding, clarity of the subscription structure, and flexibility of Green Credit utilisation as key benefits.

    Looking ahead, Solar Capital plans to expand partnerships with solar developers, commercial property owners, housing communities, and enterprises, while also scaling its participation-led clean energy models aligned with India’s 2047 sustainability goals.

    India’s solar transition is evolving from ownership-centric infrastructure to inclusive, digitally enabled participation. Solar Capital aims to play a key role in this shift by making solar accessible to a wider population.

    For more information, visit https://solarcapital.in

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  • DICCI to Host International Conclave on AI for Inclusion and the Future of Work on 18th February 2026

    DICCI to Host International Conclave on AI for Inclusion and the Future of Work on 18th February 2026

    New Delhi [India], February 13: The Dalit Indian Chamber of Commerce and Industry (DICCI) will convene the International Conclave on AI for Inclusion and the Future of Work 2026: Bridging the Equity Gap on 18th February 2026 at The Park, New Delhi. The conclave is being organised in partnership with iCreate, Indian Institute of Management Jammu, Infisum and the Entrepreneurship Development Institute of India (EDII), and will serve as a precursor to the India AI Impact Summit 2026.
    Supported by the Ministry of Electronics and Information Technology, Government of India, the conclave will bring together senior representatives from the Union and State Governments, global policymakers, industry leaders, economists, academic experts and social sector practitioners. Discussions will focus on aligning artificial intelligence with the goals of equity, livelihood security and inclusive economic growth.

    As AI rapidly reshapes productivity, service delivery and business models, the conclave will examine emerging risks around concentration of capital, compute infrastructure and intellectual property, and their potential to deepen structural inequalities. Deliberations will explore policy and market interventions required to ensure equitable access to AI through infrastructure development, responsible data governance and inclusive skilling frameworks.

    Key agenda areas include AI inequality in global development, governance frameworks for responsible AI deployment, formalisation pathways for MSMEs and informal workers, and the role of digital public infrastructure in expanding access to AI systems. Special emphasis will be placed on enabling participation of Scheduled Castes, Scheduled Tribes, women entrepreneurs, gig workers, sanitation workers, artisans and first-generation business owners in emerging AI value chains.

    A key outcome of the conclave will be the Delhi Declaration on Inclusive AI and the Future of Work, which is expected to outline national principles for equity-by-design, worker transition frameworks, portable social protection mechanisms, multilingual AI skilling pathways, inclusive data governance standards and strengthened Centre–State coordination. The Declaration will inform deliberations at the India AI Impact Summit 2026.

    Dr. Milind Kamble, Founder Chairman, DICCI & Conclave Chairman, Conclave on AI for Inclusion and the Future of Workstated, “Artificial intelligence will define the next phase of economic expansion. The central question is whether this growth will remain concentrated or become participatory. This conclave is anchored in six pillars — education, small business formalisation, financial literacy, future-ready agriculture, AI for speedy justice, and AI for empowering informal workers. Inclusion must be embedded at the design stage of AI systems and governance frameworks to ensure durable social mobility.”

    Padma Shri awardee Mr. Ravi Kumar Narra, National President, DICCI, added, “Economic empowerment delivers impact when policy intent is matched with institutional execution. AI must be deployed with similar discipline to enhance productivity in the informal economy, expand market access for small enterprises and enable credible worker transition pathways. Inclusion must be measurable, not aspirational.”

    Through this conclave, DICCI aims to institutionalise inclusion as a foundational principle within India’s evolving AI policy ecosystem, advancing structured dialogue and actionable commitments that align artificial intelligence with equity, employment and national development priorities.

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  • Poulomi Pavini Shukla Redefines What Legal Reform Looks Like in Modern India

    Poulomi Pavini Shukla Redefines What Legal Reform Looks Like in Modern India

    New Delhi [India], February 13: At a time when India’s legal discourse is often reactive, Poulomi Pavini Shukla represents a quieter but more consequential shift, one that treats the Constitution not as a symbolic document, but as a working tool for social correction.

    An award-winning lawyer, TEDx speaker and author, Poulomi has emerged as one of the country’s most credible young voices in constitutional law, women’s rights, orphan welfare and animal protection. Recognised early for the depth and seriousness of her work, she has been named to Forbes 30 Under 30, and honoured with the Young Achiever Award, Femina Fab 40, and Cosmopolitan Disruptor of the Year.

    Poulomi is the founder of Nyaya Naari, India’s first all-women law firm and legal reform platform. The initiative was created to reposition women not merely as beneficiaries of legal protection, but as active shapers of jurisprudence and policy. Through Nyaya Naari, she combines precedent-setting litigation with institutional accountability and structured mentorship, foregrounding women lawyers in leadership roles within the legal profession.

    She is nationally known for her decade-long work on orphan welfare in India. Her book, The Weakest on Earth – Orphans of India, published by Bloomsbury, brought national attention to the legal invisibility of orphaned children. The work has contributed to tangible policy outcomes, including reforms across 11 states, a doubling of Union budgetary allocations, extension of Right to Education coverage to orphaned children, and a landmark intervention ensuring that orphans are formally enumerated in the national census.

    “In a country as data-driven as ours, not being counted often means not being cared for,” Poulomi said. “My work with orphans has always been about one simple idea—until the law sees you, policy will not serve you.”

    In the area of women’s rights, Poulomi is currently leading constitutional litigation challenging discriminatory inheritance regimes that deny married daughters equal rights in agricultural and ancestral property. Her work has already prompted the Uttar Pradesh government to constitute a committee to re-examine such laws, an issue affecting millions of women despite clear constitutional guarantees under Articles 14 and 15.

    “Equality cannot stop at the doorstep of marriage,” she said. “If constitutional rights disappear the moment a woman marries, then the problem is not culture—it is the law’s failure to keep its promise.”

    Poulomi has also become a prominent legal voice in the national conversation on stray and community dogs, an issue often marked by polarisation and misinformation. Her interventions have focused on lawful, humane and evidence-based approaches, resisting illegal relocation and violence, while reframing animal welfare as a question of constitutional morality, public health and social responsibility. Her arguments have gained wide traction online and within legal circles, particularly among younger lawyers and policy audiences.

    A widely read public intellectual, Poulomi has written for The Times of India, The New Indian Express, The Economic Times and Femina, and is a frequent speaker at universities, legal forums and policy platforms across the country. Known for substance over spectacle, she combines rigorous legal reasoning with moral clarity, making complex constitutional questions accessible without diluting their seriousness.

    As a speaker and advocate, Poulomi’s work consistently asks a larger question—how law distributes power, how it withholds compassion, and how it can be reoriented to serve those it has historically overlooked.

    More information is available at www.weakestonearth.in

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  • Archoo’s Rajasthan Dealer Meet Gets an Overwhelming Response

    Archoo’s Rajasthan Dealer Meet Gets an Overwhelming Response

    Ahmedabad (Gujarat) [India], February 13: Archoo, a women’s nightwear and comfort wear brand, recently hosted a special dealer meet in Rajasthan, bringing together its partners for an exclusive preview of its latest collections.

    The trip was planned as a relaxed yet focused product showcase, where dealers could experience Archoo’s new range up close. The display included a variety of women’s nightwear, comfortable T-shirts, and trendy co-ord sets, thoughtfully designed to suit everyday wear and changing consumer preferences.

    The response from dealers was far better than expected. The new collections received strong appreciation for their comfort, fit, and fresh designs, resulting in bookings that went well beyond initial expectations. Many dealers showed immediate interest in placing orders, reflecting growing demand for easy-to-wear and stylish nightwear across markets.

    Sharing their thoughts, the Archoo team said the Rajasthan meet was not just about showcasing products, but about spending quality time with their partners and understanding market needs better. According to the owner Murli Manohar Darji, “Seeing such positive energy and higher-than-expected bookings gives us confidence that we’re moving in the right direction”.

    The successful Rajasthan showcase marks another positive step in Archoo’s journey, strengthening dealer relationships and reinforcing the brand’s commitment to delivering comfortable, well-designed products that truly connect with customers.

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  • Ethical AI Is a Lie. Virtue-Native AI Is the Answer.

    Ethical AI Is a Lie. Virtue-Native AI Is the Answer.

    Silicon Valley’s “responsible AI” industry is a billion-dollar con. The Epstein files just ripped away the curtain. Here’s what should replace it.

    New Delhi [India], February 13: Shekhar Natarajan, the Founder and CEO of Orchestro.AI explains why we need a virtue-native AI instead of ethical AI.

    THE CON
    There is a multi-billion-dollar industry called “AI Ethics.” It employs thousands of people. It publishes hundreds of papers a year. It convenes panels at every major technology conference on Earth. It has its own conferences, its own journals, its own job titles, its own vocabulary: alignment, fairness, transparency, responsible scaling, human-centered design.

    It is a lie.
    Not because the researchers are insincere. Many are brilliant and well-intentioned. But because the entire apparatus exists to do one thing: allow morally and financially compromised people to keep building the most consequential technology in human history while appearing to give a damn.

    The Epstein files make this undeniable. The same networks that funded AI labs funded dinners with a convicted child sex offender. The same intellectual circles that shaped AI alignment theory exchanged emails about eugenics and fascism with a predator. The same billionaires who endow AI ethics chairs at Stanford and MIT maintained documented, post-conviction relationships with Jeffrey Epstein.

    The ethics industry is not a check on power. It is a product of power. It exists to absorb criticism the way a car’s crumple zone absorbs impact—so the people in the driver’s seat walk away unharmed.

    “Ethical AI is a bumper sticker on a car driven by people who can’t pass a background check. The Epstein files are the background check. 3.5 million pages. Read them. Then tell me the ethics industry is working.” — Natarajan

    WHY IT FAILS: THE BOLT-ON PROBLEM
    Here is the structural reason Silicon Valley’s ethical AI will always fail, even when the practitioners are sincere:

    You cannot bolt morality onto a system designed without it.
    Every major AI system in production today was designed with a single objective function: optimize. Optimize engagement. Optimize conversion. Optimize revenue. Optimize growth. The system is built, shipped, and scaled. Then the ethics team is brought in to sand down the edges. To write the guidelines. To flag the bias. To publish the transparency report. To tell the press that the company takes these issues very seriously.

    This is like building a skyscraper on a swamp and then hiring a foundation consultant after the building starts sinking. The consultant can write excellent reports. The consultant can identify every crack. The consultant cannot fix the fact that the foundation was never poured.

    The Epstein network operated identically. The relationships were built. The value was extracted. The risk was managed. When exposure came, the response was formulaic: express regret, reframe as a mistake, commit to learning, change nothing structural. The AI ethics industry follows the same playbook. The only difference is the vocabulary.

    VIRTUE-NATIVE: A DIFFERENT ARCHITECTURE ENTIRELY
    Now imagine something the current system cannot produce. Imagine AI where ethics is not a department, not a report, not a panel, not a constraint applied after deployment—but the computational architecture itself.

    This is what Shekhar Natarajan means by virtue-native AI.

    The distinction is not semantic. It is structural. In Silicon Valley’s model, the AI optimizes and the ethics team audits. In Natarajan’s model, there is no separation. Twenty-seven Virtue Agents—Compassion, Transparency, Humility, Temperance, Forgiveness, Justice, Prudence, and twenty more—operate inside every decision the system makes. They are not reviewers. They are not guardrails. They are the decision-making architecture. The Compassion Agent does not review a routing decision after it’s made. It is the routing decision.

    “Right now, my systems are choosing whether someone’s grandmother gets her heart medicine or a billionaire gets luxury skincare. The difference is—my algorithms remember why humans matter. That’s not an ethics policy. That’s the architecture.” — Natarajan

    WHY A BOY FROM HYDERABAD UNDERSTOOD THIS AND STANFORD DIDN’T
    Silicon Valley builds AI from a single cultural assumption: that ethics can be universalized into a checklist. Fairness. Transparency. Accountability. Non-discrimination. Write it down. Audit against it. Ship the report.

    This is the thinking of people who have only ever lived in one moral universe.
    Natarajan grew up in the slums of Hyderabad—a world where virtue was not academic. It was survival. His mother’s 365-day vigil outside a headmaster’s office was not a lesson in “persistence” from a self-help book. It was an act of moral engineering: she identified a system failure, she deployed the only resource she had—her physical presence—and she ran the process until the system yielded. His father’s bicycle route was not “generosity” as a corporate value. It was a man earning $1.75 a month who calculated, every single day, that other people’s suffering was more urgent than his own—and acted accordingly.

    Then Natarajan moved across worlds. South India to Georgia. Georgia to Atlanta’s corporate corridors. Coca-Cola to PepsiCo to Disney to Walmart to American Eagle. Six continents of operational experience. Hindu moral frameworks. Christian institutional ethics. Secular corporate governance. Islamic principles of commerce he encountered building supply chains across the Middle East. Confucian hierarchical values shaping operations in East Asia.

    He learned what no one in Silicon Valley’s monoculture has learned: virtue is real, it is universal in aspiration, and it is radically local in expression.
    That is why Angelic Intelligence is configurable. The Compassion Agent in a supply chain serving rural India does not apply the same decision weights as a Compassion Agent routing medical supplies in Lagos or distributing humanitarian aid in Kyiv. The virtue is the same. The configuration reflects the local moral reality. A system designed by someone who has only ever lived in Palo Alto cannot conceive of this. A system designed by someone who studied under a street light in Hyderabad, shipped goods across six continents, and holds degrees from Georgia Tech, MIT, Harvard, and IESE can.

    “Silicon Valley thinks ethics is a checklist. I know it’s an architecture. They think morality is one-size-fits-all because they’ve only ever worn one size. I grew up in a room with eight people, crossed oceans, built systems across six continents. Virtue is universal. The expression of virtue is local. If your AI can’t configure for that, it’s not ethical. It’s colonial.” — Natarajan

    THE PROOF IS OPERATIONAL
    This is not theory. In January 2026, at Davos, Natarajan launched Angelic Intelligence Matching with The Supply Chain Project—a system that diverts $890 billion in annual retail returns from landfills to families in need. Compassion Agents evaluate the human value of each item. Diapers go to families with infants. Medicine goes to the elderly. Food goes to hunger relief. The virtue layer is not a filter applied after optimization. It is the optimization.

    The system tracks dignity preserved per decision and hope transported per mile. It runs Karma Credit—pro-social behavior by drivers, warehouse workers, and partners unlocks better pay, better financing, better opportunities. It puts market value on goodness. Not as a PR campaign. As a computational metric.

    Meanwhile, the people in the Epstein files are still publishing ethics reports.

    “Compassion doesn’t kill profit. It multiplies it. Every ethical decision my system makes creates trust. Trust creates loyalty. Loyalty creates sustainability. That’s not idealism. That’s math. And unlike ethical AI theater, it actually works.” — Natarajan

    The ethical AI industry has had a decade and billions of dollars. It has produced reports. Natarajan had a street light and a silver toe ring. He produced a working moral operating system for machines. Draw your own conclusions.

    Shekhar Natarajan is the Founder and CEO of Orchestro.AI, creator of Angelic Intelligence™. Davos 2026 opening keynote. Tomorrow, Today podcast (#4 Spotify). Signature Awards Global Impact laureate. 300+ patents. Georgia Tech, MIT, Harvard Business School, IESE. Grew up in a one-room house in the slums of Hyderabad. No electricity. Father earned $1.75/month on a bicycle. Mother stood outside a headmaster’s office for 365 days. One son, Vishnu. Paints every morning at 4 AM. Does not appear in the Epstein files.

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  • Praveg’s Q3 FY26 Standalone Total Income Up 69.46 Percent and Consolidated Total Income up 65.29 Percent

    Praveg’s Q3 FY26 Standalone Total Income Up 69.46 Percent and Consolidated Total Income up 65.29 Percent

    Ahmedabad (Gujarat) [India], February 13: Praveg Limited(BSE – 531637), India’s leading eco-responsible luxury resorts company, reported its Unaudited Financial Results for the Q3 FY26 & 9 Months FY26.

    Key Financial Highlights

    Q3 FY26 Consolidated

    • Total Income of ₹ 90.71 Cr against ₹ 54.88 Cr in Q3 FY25, up 65.29%.
    • EBITDA of ₹ 26.51 Cr against ₹ 22.07 Cr in Q3 FY25, up 20.10%.
    • Net Profit of ₹ 9.93 Cr against Net Profit of ₹ 10.45 Cr in Q3 FY25.
    • EPS of 3.80 against 4.08 in Q3 FY25.

    Q3 FY26 Standalone

    • Total Income of ₹ 73.68 Cr against ₹ 43.48 Cr in Q3 FY25, up 69.46%.
    • EBITDA of ₹ 19.44 Cr against ₹ 17.52 Cr in Q3 FY25, up 10.96%.
    • Net Profit of ₹ 8.50 Cr against Net Profit of ₹ 7.64 Cr in Q3 FY25.
    • EPS of 3.25 against 2.96 in Q3 FY25.
    • Total Impact of applicability of IND AS 116 “ROU on Lease Asset” is ₹ 3.01 Cr comprise of Depreciation on ROU Asset amounting ₹ 1.56 Cr and Interest on Lease Liability amounting ₹ 1.45 Cr, whereas the actual Lease rent paid in the Quarter Amounts ₹ 2.19 Cr, which impact the PBT by ₹ 0.82 Cr.
    • Total Depreciation provided on Assets of 17 Resorts and Hotel during the Q3 2026 amounts ₹ 8.14 Cr.

    9 Months FY26 Consolidated

    • Total Income of ₹ 168.42 Cr against ₹ 115.14 Cr in 9 Months FY25, up 46.27%.
    • EBITDA of ₹ 36.68 Cr against ₹ 40.28 Cr in 9 Months FY25, down 8.93%.
    • Net Loss of ₹ 5.04 Cr against Net Profit of ₹ 12.71 Cr in 9 Months FY25.
    • EPS of (1.96) against 4.92 in 9 Months FY25.

    9 Months FY26 Standalone

    • Total Income of ₹ 130.23 Cr against ₹ 95.98 Cr in 9 Months FY25, up 35.69%.
    • EBITDA of ₹ 23.16 Cr against ₹ 33.80 Cr in 9 Months FY25, down 31.49%.
    • Net Loss of ₹ 8.20 Cr against Net Profit of ₹ 9.84 Cr in 9 Months FY25.
    • EPS of (3.14) against 3.81 in 9 Months FY25.
    • Total Impact of applicability of IND AS 116 “ROU on Lease Asset” is ₹ 9.09 Cr comprise of Depreciation on ROU Asset amounting ₹ 4.70 Cr and Interest on Lease Liability amounting ₹ 4.40 Cr, whereas the actual Lease rent paid in the 9 Months Amounts ₹ 6.56 Cr. Total additional impact on PBT is ₹ 2.53 Cr.
    • Total Depreciation provided on Assets of 17 Resorts and Hotel during the 9 Months 2026 amounts ₹ 24.12 Cr.

    Key Operation Highlights:

    Key Highlights for Q3 FY26

    · Hospitality and Event segment’s Revenue contributed ₹ 74.06 Cr.

    · Advertisement Segment Contributed ₹ 16.39 Cr.

    · The company is having total 825+ Rooms across 17 operational resorts and one hotel.

    · Letter of Award (LoA) received from Tourism Corporation of Gujarat Limited for Augmentation of infrastructure facilities in existing shops at SoU for 31 days, development of studio kitchen at helipad ground and development of theme pavilion at maze garden at SoU as per the requirements for 15 days for Rashtriya Ekta Diwas 2025 at SOU, Kevadia, Gujarat.

    Letter of Award (LoA) received from the Tourism Corporation of Gujarat Limited for the development of a resort at Dhordo, Kutch, Gujarat. The project involves the development of 46 rooms/keys (luxury tents) and 42 dormitories (total capacity of 252 beds), equivalent to 126 standard rooms, thereby further expanding and strengthening the Company’s hospitality presence at Dhordo. This award is in addition to the existing 30 Bhungas currently being operated by Praveg Limited at the location under a 5-year agreement. The project has been awarded with a concession period of 35 (thirty-five) years
    · Letter of Award (LoA) received from the Sports, Youth Service and Cultural Activities Department, Government of Gujarat, Gandhinagar, Gujarat, for the execution of the Sardar Patel @ 150th Unity March – Pad Yatra, a nationally significant event scheduled from November 25, 2025 to December 6, 2025. The march commenced from Karamsad and concluded at the Statue of Unity, Kevadia.

    Commenting on the results, Mr. Vishnu Patel, Chairman, Praveg Limited said: “Q3 FY26 reflects strong top-line momentum, with standalone total income growing by 69.46% to ₹73.68 crore, driven by our expanding hospitality footprint and continued traction in events and advertisement segments. EBITDA margins have improved compared to the previous year, supported by higher occupancy across all resorts and successful execution of high-value government and corporate events during the quarter.

    Our strategy remains firmly focused on disciplined expansion, operational efficiency, and strengthening our eco-responsible luxury portfolio, positioning Praveg for sustainable long-term growth and value creation.”

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