Tag: Business

  • DriveValue Introduces a Smarter Way to Own a Car in Delhi NCR

    DriveValue Introduces a Smarter Way to Own a Car in Delhi NCR

    New Delhi [India], January 20:  As rising vehicle prices and long-term financial commitments make car ownership increasingly challenging in urban India, a Delhi NCR–based company is offering an alternative approach. DriveValue, a premium car leasing firm, is seeking to reshape how individuals and families access cars by replacing traditional ownership with a structured leasing model.

    Founded by Abhishek Rana and co-owned by Rana along with Prerit Sharma and Sneha Dagar, DriveValue operates across the Delhi NCR region. The company positions itself within a growing segment that views car usage as a service rather than a lifelong asset, especially in a market affected by rapid depreciation and uncertain resale values.

    DriveValue Introduces a Smarter Way to Own a Car in Delhi NCR-PNN

    Traditionally, buying a car in India involves high upfront payments or long-term EMIs, followed by concerns around maintenance, depreciation, and resale. DriveValue’s leasing model aims to reduce these uncertainties by offering customers access to new vehicles for a fixed five-year period without the burden of ownership-related risks.

    Under the model, customers select a vehicle either from the company’s existing inventory or directly through an authorised showroom. A single upfront payment initiates the lease, after which the customer can use the car without kilometre restrictions. At the end of the five-year term, the vehicle is returned to DriveValue, and the customer receives a pre-agreed return amount.

    The lease package includes five years of zero-depreciation insurance, manufacturer warranty coverage, and the first scheduled service at no additional cost. All servicing and repairs are carried out at authorised dealerships or workshops, while customers are responsible for routine maintenance and standard wear and tear.

    Documentation requirements are limited to basic KYC details of the primary customer and one additional individual, along with a valid driving licence. According to the company, the process is designed to remain transparent and predictable throughout the lease period.

    Industry observers note that such models are gaining attention among professionals and families who prefer flexibility and cost certainty over long-term ownership. By sourcing vehicles directly from authorised showrooms and eliminating resale concerns, DriveValue is attempting to address some of the most common pain points associated with car buying.

    DriveValue’s stated mission is to simplify access to cars and make premium vehicles financially practical for Indian households. Its long-term vision includes expanding beyond Delhi NCR while maintaining a focus on transparency and customer-centric operations.

    As urban mobility preferences evolve, models like car leasing may play a larger role in redefining vehicle ownership in India’s major cities.

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  • The Bharat Music Experience Announces Strategic Partners to Elevate India’s Unified Music Ecosystem

    The Bharat Music Experience Announces Strategic Partners to Elevate India’s Unified Music Ecosystem

    Mumbai (Maharashtra) [India], January 20: The Bharat Music Experience (BME)India’s first fully integrated music ecosystem platform — is proud to unveil its foundational partners who will play pivotal roles in shaping, amplifying, and sustaining this transformative national initiative. Designed as a comprehensive convergence of business, creativity, culture, and community, BME brings together the full spectrum of the Indian music industry — from creators and innovators to brands, technology platforms, policy makers, and audiences — under one unified stage.

    Vision of The Bharat Music Experience

    The Bharat Music Experience, in its 1st year, is an annual, immersive 3-day platform that redefines how India’s music ecosystem convenes, collaborates, and competes on a global scale. It is a hybrid of business leadership, cultural celebration, artistic excellence, and industry dialogue aimed at unlocking new opportunities, catalyzing partnerships, spotlighting innovation, and accelerating the growth of music as a robust national creative industry. Through curated showcases, expert sessions, award recognitions, emerging talent platforms, and cross-sector engagement, BME will serve as the central ecosystem infrastructure for the future of Indian music.

    Foundational & Strategic Partners

    To fulfil this ambitious vision, BME is proud to announce the following strategic partners and the critical roles they will play:

    BIG FM — Radio Partner

    As India’s leading radio voice, BIG FM will amplify BME’s reach and resonance across millions of listeners nationwide. Through curated radio integrations, artist features, audience engagement campaigns, and contextual broadcasts, BIG FM will enable BME to penetrate both urban and regional audiences, fostering deeper cultural engagement with the music ecosystem.

    Delphics India — Cultural Partner

    The Delphic Movement (Delphics) is credited with reviving the world’s most ancient and only common floor for arts and cultures called the Delphic Games that fosters peace and harmony between people, cultures and nations through artistic and cultural engagements. Also known as the twin sister and cultural equivalent of the Olympic Games, it revolves around 6 major art categories encompassing Musical Arts, Performing Arts, Visual Arts, Literary Arts, Social arts, and Crafts. The Delphics celebrate diversity — united by differences and bridging ancient traditions with modern dreams as a sanctuary for culture and creativity. Supported by Artists across the world and Statesmen including Late Nelson Mandela, Delphics is in 81 countries with numerous interconnected initiatives. India has a network of 16 State Councils.
    Delphics India will power the cultural stage at the Bharat Music Experience.

    IPRS — Community Partner

    The Indian Performing Rights Society (IPRS) will advance BME’s mission to strengthen rights-based frameworks and community support structures for creators and rights holders. As a community partner, IPRS will provide critical insights, advocacy, and tools to empower music creators — ensuring fair recognition, equitable systems, and sustainable industry practices.

    Picture N Kraft — Founding PR Partner

    Picture N Kraft — a leading communications agency — will steer the public narrative, press engagement, and media strategy for BME. Their expertise in storytelling, brand positioning, and 360° PR execution will ensure that the launch, build-up and ongoing evolution of BME commands strategic visibility across national and international media platforms.

    Trinavyaa — Founding Social Media Partner

    As the digital pulse of the initiative, Trinavyaa will architect and execute the social media voice and engagement strategy for BME. From audience growth to platform activations, influencer collaborations, interactive campaigns, and community building, Trinavyaa will drive the social momentum essential for modern cultural movements.

    A Vision Bigger Than an Event: A Movement for Music Excellence

    The Bharat Music Experience is more than an annual gathering — it is a strategic ecosystem builder for the Indian music industry. Its core objectives include:

    Unifying the music community — bringing together mainstream and emerging voices across genres, regions, and languages.
    Facilitating business growth — curated B2B matchups, investment conversations, and partnerships between labels, platforms, tech innovators, and creators.
    Showcasing India’s music innovation — live showcases, emerging talent stages, and curated performances that reflect the diversity of Indian music.
    Driving global positioning — connecting Indian talent with international markets through thought leadership, collaborations, and spotlight sessions.
    Celebrating excellence — through the Bharat Music Awards, honoring outstanding contributions across the industry.

    “With the backing of visionary partners across technology, media, brands, and cultural institutions, The Bharat Music Experience is setting a new benchmark for how music ecosystems collaborate, compete, and scale on a global stage,” said [Soumini Sridhara Paul], [Founder & Principal Consultant, Gatsvy Media], The Bharat Music Experience.

    “This is not just an event — it’s the foundation of a sustainable, connected future for Indian music.”

    From the Partners

    BIG FM – Radio Partner

    “Music has always been at the heart of how India connects, expresses, and celebrates itself. BIG FM is proud to partner with The Bharat Music Experience to amplify voices across genres, regions, and generations, and to take meaningful conversations around music, culture, and creators to audiences nationwide.”

    Delphics India – Cultural Partner

    Sachit Thakkar, President, Delphics Maharashtra, states:
    “Arts transcends borders and speaks to the soul beyond words. We believe that musical arts have the power to connect emotions and foster deeper friendships. We are delighted to support The Bharat Music Experience, as its cultural partner; turning every note into a bridge for appreciation and understanding.”

    Indian Performing Rights Society – Community Partner

    “At IPRS, our focus has always been on empowering creators and strengthening the music community through fair, transparent, and sustainable systems. Partnering with The Bharat Music Experience allows us to further this mission by engaging directly with creators, stakeholders, and the wider ecosystem shaping the future of Indian music.”

    Picture N Kraft – Founding PR Partner

    “The Bharat Music Experience is not just an event; it is a long-term cultural and industry-defining IP. We are excited to be founding partners in shaping its narrative, visibility, and public discourse, and in positioning BME as a landmark platform for India’s music ecosystem.”

    Trinavyaa – Founding Social Media Partner

    “Today, culture is built in conversations and communities online. As Founding Social Media Partner, our goal is to translate the scale, diversity, and ambition of The Bharat Music Experience into powerful digital engagement that connects artists, industry, and audiences in real time.”

    About The Bharat Music Experience (BME)

    BME is India’s first fully integrated music ecosystem platform — a three-day celebration of creativity, business, innovation, and collaboration. Designed to elevate the Indian music industry, BME blends powerful business forums, exhibition zones, curated showcases, expert discussions, award ceremonies, and live performances to create opportunities for creators, companies, and audiences alike.

    Email: contact@gatsvymedia.com
    Web: https://www.thebharatmusicexperience.co

  • AcreRise Named ‘Real Estate Developer of the Year’ at the Times Business Awards-2026

    AcreRise Named ‘Real Estate Developer of the Year’ at the Times Business Awards-2026

    Bhubaneswar (Odisha) [India], January 20:  AcreRise, one of Odisha’s most future-focused real estate developers, has been conferred the “Real Estate Developer of the Year” at the Times Business Awards-2026, reaffirming the brand’s leadership in transparency-driven, design-led, and compliant urban development.

    The recognition comes at a pivotal moment as Bhubaneswar enters its next phase of infrastructure-led growth. Founded by Sashikant Barik and Sheikh Mairajul Haque, AcreRise has positioned itself at the intersection of foresight, execution discipline and long-term value creation—emerging as a benchmark for new-age real estate in Eastern India.

    “This recognition validates our belief that real estate leadership is built on anticipation, not reaction,” said Sashikant Barik, Co-Founder, AcreRise“We don’t build for current demand alone—we build for how people will live, invest, and grow five to ten years from now.”

    With 100% RERA compliance, zero customer complaints, and a legal-first development framework, AcreRise has earned strong institutional and customer trust. The brand has also received multiple national recognitions, including Outlook’s Pillars of Viksit Bharat, Fortune India, Times Group, and The Big Impact Awards, underscoring its consistent performance and governance standards.

    According to Sheikh Mairajul Haque, Co-Founder, execution remains the company’s defining strength.

    “Trust in real estate is built on delivery, not declarations,” Haque said. “Every AcreRise project is governed by clear documentation, rigorous construction standards and timelines that customers can rely on.”

    AcreRise’s growth strategy closely mirrors Odisha’s structural development momentum. With Smart City initiatives, rising GDP contribution, and sustained infrastructure investment, Bhubaneswar is fast emerging as one of Eastern India’s most resilient residential markets.

    “Odisha’s growth cycle is structural, not speculative,” Barik added. “We are deeply invested—financially and emotionally—in shaping this transformation through developments that create enduring urban value.”

    The company’s footprint spans South Bhubaneswar, Trisulia, Pandra, and Puri, selected for infrastructure readiness and long-term livability. Key developments include One World, a large-format township designed by Hafeez Contractor and AcreRise Azure, a boutique riverside project focused on premium living.

    “‘Keeping You Ahead’ is not a slogan—it’s our decision lens,” Haque said. “Every choice we make is measured against one question: Does this keep our customer ahead in value, lifestyle and peace of mind?”

    As Bhubaneswar’s real estate market matures, AcreRise aims to play a defining role in shaping neighbourhoods that age well—legally, structurally and socially.

    “The future rewards foresight,” Barik concluded. “And that is exactly where AcreRise is positioned—building what tomorrow truly needs.”

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  • ATLAS ISDI Appoints PepsiCo Design Leader Tanu Sinha to Advisory Board

    ATLAS ISDI Appoints PepsiCo Design Leader Tanu Sinha to Advisory Board

    Mumbai (Maharashtra) [India], January 20: ATLAS SkillTech University, India’s first new-age urban multidisciplinary university, announced the appointment of Ms. Tanu Sinha, Head of Design, PepsiCo India & South Asia, to the Advisory Board of its design school, ISDI – School of Design & Innovation. Her addition further strengthens the board with deep expertise in design, innovation and global business strategy from a Fortune 500 organisation.

    Ms. Sinha joins a distinguished cohort of industry leaders on the ATLAS ISDI Advisory Board, which includes Mr. Amitesh Rao, CEO, Leo Burnett; Mr. Deepak Menon, VP, Product Experiences, Microsoft; Ms. Lulu Raghavan, VP, Landor; Mr. Ayan Pal, Head of Experience & Design, US Studios, Deloitte; Ms. Sonia Manchanda, Founding Partner, Spread; Ms. Neeta Lulla, Couturier, Costume Designer and Stylist; Mr. Andrew Pendleton, Senior Director, Design Systems, Verizon; Mr. Satyam Kantamneni, CEO and Managing Partner, UX Reactor; Mr. Alok Nandi, Founder and Creative Director, Architempo; Mr. Tanay Kumar, CEO, Fractal Ink Design Studio; Mr. Avnish Sabharwal, Senior Industry Leader; and Ms. Sangeetha Jayaram, Senior Industry Design Leader.

    The perspectives of these accomplished design leaders will play a pivotal role in advancing ISDI’s curriculum, strengthening industry collaboration and guiding students to apply design thinking in real-world contexts. Their addition reinforces ATLAS & ISDI’s focus on bridging academia and industry and on nurturing future-ready designers equipped to lead in a rapidly evolving global environment.

    Commenting on the development, Siddharth Shahani, Co-Founder & Executive President, ATLAS SkillTech University, said, “We are delighted to welcome Tanu Sinha to the ISDI Advisory Board. Her leadership in building strong brand systems and consumer-centric design strategies at a global organisation like PepsiCo brings immense value to ISDI students and the academic ecosystem. At ISDI, we emphasize human-centred design, interdisciplinary thinking and real-world application. As we continue to build a future-focused design institution, her guidance will help us stay aligned with global standards and industry expectations.”

    Sharing her perspective, Ms. Tanu Sinha, Head of Design, PepsiCo India & South Asia, said, “The future of design lies in its ability to deeply understand consumers, build strong brand narratives and deliver experiences that are both creative and commercially relevant. ISDI’s strong focus on industry integration and strategic design education makes it a unique institution and I look forward to working with the faculty and students to help shape the next generation of design leaders.”

    With this appointment, the ATLAS ISDI Advisory Board continues to represent a powerful collective of leaders across design, technology, branding, fashion and innovation, working together to shape the next generation of creative professionals.

    About ATLAS SkillTech University

    ATLAS SkillTech University, located in the heart of Mumbai’s business district, is India’s first urban, multidisciplinary university and the youngest in the country to be accredited with a NAAC A grade. Pioneering a new model of higher education, ATLAS integrates global collaborations, industry partnerships and an innovation-first approach to prepare future-ready leaders. Guided by the principles of India’s National Education Policy 2020, ATLAS offers cutting-edge programmes across four new-age streams—Design & Innovation, Management & Entrepreneurship, Digital Technology and Law. Its futuristic model has been co-created with an international community of scholars, academicians, industry experts and thought leaders, making it a hub where design, technology, strategy and leadership converge.
    For more information, visit: https://atlasuniversity.edu.in

    About ISDI School of Design and Innovation

    Known as one of the best design schools in India, ATLAS ISDI brings truly world-class design education to India with a global curricular collaboration with Parsons School of Design, and world-renowned faculty comprising leading designers, academicians, industry practitioners and scholars. Centered in the heart of India’s hub of creative innovation, Mumbai, ATLAS ISDI School of Design & Innovation stands at the intersection of Art, Design, Entrepreneurship & Technology.

    For more information, visit: https://atlasuniversity.edu.in/schools/isdi/

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  • Hannah Joseph Hospital Limited IPO Opens on January 22, 2026

    Hannah Joseph Hospital Limited IPO Opens on January 22, 2026

    Left to right: Dr. Sunil Kumar Manocha, CapitalSquare Advisors; Dr. Mosesjoseph Arunkumar; Mr. Daniel Dayanand Fenn; and Mr. Pandiarajan Thangaraj, Hannah Joseph Hospital Limited.

    Mumbai (Maharashtra) [India], January 20: Hannah Joseph Hospital Limited (Hannah Joseph, The Company) a multi-specialty tertiary care hospital in Madurai with focus on Neurosciences and Trauma, proposes to open its Initial Public Offering on January 22, 2026, aiming to raise ₹ ₹ 42.00 Crore (At Upper Price Band) by fresh issue of 60,00,000 equity shares, to be listed on the BSE SME platform.

    The issue size is 60,00,000 equity shares at a face value of ₹10 each, with a price band of ₹67-70 per share.

    Equity Share Allocation

    • Qualified Institutional Buyer – Not more than 28,46,000 Equity Shares

    • Non-Institutional Investors – Not less than 8,58,000 Equity Shares

    • Individual Investors – Not less than 19,96,000 Equity Shares

    • Market Maker – 3,00,000 Equity Shares

    The net proceeds from the IPO will be utilized for Funding of capital expenditure for establishing Radiation Oncology Centre and General Corporate Purposes. The anchor portion will open on Wednesday, January 21, 2026 and the issue will open on Thursday, January 22, 2026 and will close on Tuesday, January 27, 2026.

    The Book Running Lead Manager to the Issue Capital SquareAdvisors Private Limited, The Registrar to the Issue isBigshare Services Private Limited.

    Dr. Mosesjoseph Arunkumar, Chairman and Managing Director of Hannah Joseph Hospital Limited expressed, “Since its inception, remained committed to delivering advanced, ethical, and patient-centric healthcare services. Our evolution from a single-specialty focus to a multi-specialty tertiary care hospital reflects our continuous investments in clinical excellence, technology, and skilled medical professionals. Being a regional referral center for complex neurological, neurosurgical, cardiac, and trauma care, we have consistently strengthened our infrastructure and clinical capabilities to meet the growing healthcare needs of South Tamil Nadu.

    The proposed IPO is expected to support the Company’s planned capacity and service expansion initiatives, enabling it to strengthen its clinical offerings and deliver more integrated, end-to-end care. These initiatives are aimed at enhancing patient convenience and treatment outcomes while broadening the Company’s ability to serve complex medical needs under a single platform. The expansion is also expected to drive incremental inpatient and outpatient volumes and support sustainable growth in revenues over the medium to long term.”

    Mr. Sunil Kumar Manocha, Founder & Director of Capital Square Advisors Private Limited said, “Hannah Joseph Hospital operates a tertiary care facility in its core market with a focused presence across neurosciences, cardiology, trauma, and critical care. Supported by accredited operations and participation in government insurance schemes, the hospital is positioned to deploy incremental capital towards capacity enhancement and service integration initiatives.

    These initiatives are expected to expand clinical offerings, improve patient throughput and case mix, and support growth in inpatient and outpatient revenues.”

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  • Tata Projects Selected as EPC Partner for SAF One’s Sustainable Aviation Fuel Project

    Tata Projects Selected as EPC Partner for SAF One’s Sustainable Aviation Fuel Project

    Mumbai (Maharashtra) [India], January 20: Tata Projects Limited, one of India’s leading technology-led engineering, procurement and construction (EPC) companies and a key part of the Tata Group, has been selected by SAF One Energy Management Limited as its EPC partner for a HEFA-based (Hydroprocessed Esters and Fatty Acids) Sustainable Aviation Fuel (SAF) project in the Middle East.

    Advancing the transition to low-carbon aviation, the project will convert used cooking oil (UCO) and other waste oils and fats into SAF, playing a pivotal role in regional and global decarbonization by enabling the production of low-carbon aviation fuel and reducing dependence on conventional fossil-based jet fuel. It also marks an important milestone in SAF One’s plans to develop a global portfolio of Sustainable Aviation Fuel facilities, including one in India.

    As an EPC partnerTata Projects will deliver an integrated, scalable project solution, leveraging its approach of standardised designsadvanced construction methodologies, and optimised modular execution strategies. This approach is aimed at improving schedule predictability, optimising capital efficiency, and enabling faster replication of SAF facilities across multiple geographies.

    The project configuration integrates globally proven process technologies for feedstock pre-treatment and hydroprocessing, ensuring flexibility across multiple waste-based feedstocks and compliance with ASTM D7566 international SAF specifications. Tata Projects’ role encompasses overall project integration, constructability-driven design development, and execution readiness for a first-of-its-kind SAF facility in the region.

    Commenting on the development, Rajiv Menon, President & COO – Energy & Industrial Business, Tata Projects Limited, said,

    “Sustainable Aviation Fuel represents one of the most immediate and scalable levers for aviation decarbonization. Our collaboration with SAF One reflects a shared focus on creating repeatable, efficient, and execution-ready SAF infrastructure. By combining standardized design philosophies with modular construction and disciplined project delivery, we aim to enable faster deployment of SAF projects globally.”

    Deepak Munganahalli, Co-founder and CEO of SAF One, added,

    “We are pleased to partner with Tata Projects for this SAF project. Their experience in delivering complex energy infrastructure under a fixed-price, lump-sum turnkey EPC model, together with a strong focus on safety, constructability, and standardization, aligns well with SAF One’s ‘design once, build many’ approach as we progress a scalable pipeline of SAF projects across regions.”

    This partnership reinforces Tata Projects’ position as a partner of choice for energy transition projects, supporting clients with scalable delivery models that balance sustainability objectives with execution certainty. Tata Projects and SAF One are also advancing discussions on a Sustainable Aviation Fuel project in India, underscoring a shared commitment to building resilient, future-ready SAF infrastructure in high-growth aviation markets.

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  • Neelam Stainless Steel Wins ‘The Honest and Authentic Brand 2025’ Award

    Neelam Stainless Steel Wins ‘The Honest and Authentic Brand 2025’ Award

    Mumbai (Maharashtra) [India], January 17: Neelam Stainless Steel, a trusted name in Indian kitchens since 1972, has been honoured with ‘The Honest and Authentic Brand 2025’ award at a ceremony hosted by Bright Outdoor Media Ltd.

    The event was graced by esteemed personalities, including Dr Niranjan Hiranandani, Managing Director of Hiranandani Group, along with actors Neel Nitin Mukesh, Shekar Suman, and Ashish Chanchlani.

    For over fifty years, Neelam has been more than just a name in stainless steel kitchenware; it has been a part of Indian homes and traditions. The journey began with a simple vision: to create kitchenware sets that last, serve, and bring people together.

    Significant milestones include being the first brand to establish a dedicated identity for stainless steel in India and introducing innovative products such as premium Salem Steel, complete dinner sets, and travel sets.

    Every day, Neelam’s products witness countless moments of love and togetherness, making them an integral part of family life. In many households, Neelam is not just a brand; it’s a cherished tradition that holds the flavours of at least three generations of family recipes and the comfort of home.

    “Our commitment to sustainability and adaptability has been our guiding principle,” said Vishal Dedhia, Managing Director of Neelam Stainless Steel, in response to receiving the award.

    “This recognition inspires us to continue our legacy of providing kitchenware that supports families, homes, and lifestyles, and celebrates the spirit of togetherness. At Neelam, we honour the women who are the backbone of our culture, ensuring that our products are functional and serve as a source of love and care in their kitchens.”

    Neelam Stainless Steel

    Neelam Stainless Steel is built on strong values of honesty, trust, quality, and excellence, making it a symbol of love, care, and togetherness. As the brand rejoices in this recognition, it remains dedicated to innovating kitchen solutions that resonate with the evolving tastes and aspirations of today’s households.

    For more information about Neelam Stainless Steel and its products, please visit: https://neelamsteel.com/

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  • Ashapuri Gold Ornament Limited Receives ₹29 Cr Orders at IIJS Bharat Signature 2026

    Ashapuri Gold Ornament Limited Receives ₹29 Cr Orders at IIJS Bharat Signature 2026

    Ahmedabad (Gujarat) [India], January 20: Ashapuri Gold Ornament Limited (BSE – 542579)— One of India’s leading B2B jewellerymanufacturers, has announced the receipt of orders aggregating to approximately ₹29 Cr at the recently concluded India International JewelleryShow (IIJS Bharat Signature) 2026 held in Mumbai.

    The orders, received from prominent regional and national jewellery retail chains along with leading BigBox jewellers, pertain to the supply of gold jewellery, with execution scheduled within 60 days.

    The 18th edition of IIJS Bharat Signature 2026 brought together the global gem and jewellery community and attracted over 25,000 trade visitors from more than 800 Indian cities and 60+ countries.

    The order inflow reinforces Ashapuri Gold Ornament Limited’s strong presence in the B2B jewellery manufacturing segment and its ability to cater to organised jewellery retailers.

    Commenting on the order win, Mr. Jenik D. Soni, CEO of Ashapuri Gold Ornament Limited, said: “The response at IIJS Bharat Signature 2026 reflects the strong relationships we have built with organised jewellery retailers and validates our design capabilities and manufacturing scale.

    Participation in marquee industry platforms continues to strengthen engagement with large-format retailers, while the resulting order momentum provides execution visibility and supports our focus on timely delivery and operational excellence.”

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  • PhonePe IPO Clears SEBI, Fintech Heavyweight Gears Up for Market Debut

    PhonePe IPO Clears SEBI, Fintech Heavyweight Gears Up for Market Debut

    Mumbai (Maharashtra) [India], January 20: This one matters. PhonePe, India’s largest digital payments platform, has quietly crossed a critical regulatory hurdle. SEBI has approved its IPO plans, pushing the fintech giant closer to a blockbuster market debut.

    PhonePe has received approval from the Securities and Exchange Board of India for its initial public offering, according to sources familiar with the matter. The approval follows the company’s confidential filing in September, a route increasingly favoured by large firms that prefer to test regulatory waters away from public glare.

    The move signals that India’s most dominant UPI player is preparing to step into the public markets at a moment when investor appetite is running hot.

    Walmart, which backs PhonePe through its majority ownership, is expected to partially offload its stake during the IPO. Microsoft and Tiger Global are also likely to sell a portion of their holdings, according to the same sources. None of the investors have publicly commented yet, and PhonePe has stayed silent so far. That silence is strategic, not accidental.

    India’s primary markets are enjoying one of their strongest runs on record. Fundraising volumes touched historic highs in 2025, driven by strong retail participation, improving corporate earnings, and a renewed belief in India’s long-term growth story. PhonePe’s IPO lands squarely in this sweet spot.

    Founded in 2015, PhonePe has grown from a simple payments app into the backbone of India’s everyday digital commerce. At last count, it controlled more than 45 percent of UPI transaction volume, making it the single largest player on the country’s real-time payments network.

    To put that scale in perspective, PhonePe processed 9.8 billion transactions in August alone. Total UPI transactions for the month stood at 21.6 billion, according to data from the National Payments Corporation of India. That’s not market leadership. That’s market gravity.

    The app boasts over 600 million registered users and supports payment solutions for nearly 50 million merchants. From kirana stores in Ahmedabad to high-end retailers in Bengaluru, PhonePe QR codes are everywhere. It’s no longer just a fintech brand. It’s infrastructure.

    Financially, PhonePe is showing signs of discipline, even if profitability remains a work in progress. In regulatory filings ahead of the IPO, the company reported that its losses narrowed to 17.2 billion rupees for the year ended March 2025. A year earlier, losses stood at 19.96 billion rupees.

    That direction matters. Investors are no longer chasing growth at any cost. They want scale, yes, but they also want a credible path to sustainability. PhonePe seems to be getting the message.

    The broader context strengthens the case. India’s digital payments ecosystem has matured rapidly, driven by government-backed UPI rails, smartphone penetration, and behavioural shifts accelerated by the pandemic. PhonePe has ridden that wave better than anyone else.

    Still, the IPO will test public market sentiment toward fintech business models that rely heavily on transaction volume rather than fat margins. That’s where execution, pricing discipline, and narrative will matter.

    For Walmart, the IPO represents an opportunity to unlock value from one of its most successful India bets. For Indian markets, it’s another signal that homegrown tech champions are ready to be judged on global standards.

    For everyday users, it’s simpler. The app you use to pay for chai is about to face the scrutiny of Dalal Street.

    Read More

  • Patel Retail Limited Secures INR 25 Crore Export Order

    Patel Retail Limited Secures INR 25 Crore Export Order

    Mumbai (Maharashtra) [India], January 20: Patel Retail Limited (BSE: 544487 | NSE: PATELRMART) Patel Retail Limited has secure export order worth ₹25 crore. reinforcing its strong presence in global markets. The orders span across regions including, UK, Italy,UAE, Saudi Arabia & other countries underscoring the company’s expanding international presence and the growing global demand for its high-quality products.

    These consignments will be processed at Patel Retail’s state-ofthe-art facilities in Ambernath, Thane, Mumbai, Maharashtra and Gujarat, ensuring strict adherence to global quality standards. The order book is not only significant in value but also comprises repeat orders from long-term clients, reflecting the deep trust and consistent satisfaction of international partners with Patel Retail’s offerings. PATEL RETAIL LIMITED TRUST & TOGETHERNESS With exports to over 35+ countries worldwide

    About Patel Retail Limited:

    Patel Retail Limited is a leading name in value-driven retail and integrated food processing in India. Headquartered in Ambernath, Mumbai with operations across MMRDA region, the company combines modern retail formats with backward integration in agri-processing to ensure quality, cost efficiency, and supply reliability. It also extends its reach through a mobile application that connects customers to their nearest store and offers free home delivery.

    Patel Retail has built a strong portfolio of products through its in-house brands – Indian Chaska for spices and flavourings, Patel Fresh for pulses, nuts, and dry fruits, and Patel Essential for household and cleaning products. Supported by food processing units in Dudhai, Gujarat, and facility in Ambarnath MIDC, along with a current network of 48 stores, the company maintains strict quality and safety standards while delivering value across its product categories.

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