Author: Neel Achary

DAEWOO India appoints EBG group as Strategic Partner for Home Appliances and Electronics Retail Expansion

Gurugram, June 9, 2025 – EBG Group has partnered with DAEWOO a globally recognized Korean brand to exclusively extend their premium home appliances, electronics, and consumer goods to the Indian market. This strategic alliance combines DAEWOO’s cutting-edge technology and innovation with EBG’s extensive marketing expertise and distribution networks. The association aims to disrupt India’s home appliance and electronics retail by introducing high-quality, energy-efficient, and sustainable solutions tailored to modern Indian consumers.

DAEWOO brings decades of technological innovation and high manufacturing standards, while EBG Group’s deep understanding of Indian consumer preferences and retail operations positions it to successfully introduce and expand DAEWOO’s products in India.

According to Dr. Irfan Khan, Founder and CEO of EBG Group, “the partnership aligns with EBG’s long-term strategy to strengthen its market footprint, bringing premium appliances that meet the increasing demand for energy-efficient solutions. EBG Group will lead the retail and distribution expansion for DAEWOO Consumer Products across India, ensuring seamless access to products through a robust retail network and strong after-sales support. The focus is on creating a hassle-free shopping experience while providing consumers with reliable service infrastructure nationwide”.

“The partnership will introduce a range of high-performance, stylish and energy-efficient home appliances, including whole range of Home & Kitchen appliances as well as Smart home solutions, Mr. H. S. Bhatia, Managing Director, DAEWOO India said. With IoT-enabled devices and advanced energy-saving features, DAEWOO’s products are designed to meet the needs of India’s growing tech-savvy consumer base, who seek innovation, convenience, and sustainability. By combining technological advancements with deep market insights, both companies aim to bring premium, affordable, and high-tech solutions to Indian households, setting the stage for the next evolution in consumer electronics.

“EBG plans to create business opportunities for Indian entrepreneurs through an innovative franchise model. This initiative is expected to further strengthen DAEWOO’s retail presence and empower local partners, with details to be announced soon”, Mr. Hari Kiran, COO and Co-Founder of EBG Group said. “We are excited to collaborate with Daewoo in bringing innovative, high-quality home appliances and electronics to India”.

Celebrities Love Their Designs—Now P&S Co. Brings Ethnic Elegance for Kids to Hyderabad

Hyderabad, June 7, 2025: P&S Co., India’s leading premium kids’ ethnic wear brand, known for its regal craftsmanship and a clientele that includes India’s most celebrated families, has launched its first exclusive store in Telangana at GVK Mall, Banjara Hills, Hyderabad.

What began as a passion project by co-founders Pooja Bihani Kanoria and Salauni Gupta Bihani has now grown into a nationally loved brand, celebrated for combining tradition and trend in tiny, elegant outfits for children.

The new store marks a significant milestone — P&S Co.’s first expansion outside Kolkata in its 8-year journey. It has been launched under the master franchisee Rapid Corp, led by a dynamic mother-daughter duo — Mrs. Lata Agarwal and Ms. Akshita Nahar.

The store was formally inaugurated by Ms. Priyanka Chigurupati, Executive Director of Granules India. Speaking on the occasion, she said:

“Cut, fit, quality, comfort, and individual expression are essential in children’s fashion. P&S Co. has mastered all these. As an expectant mother myself, I’m watching closely — and I truly admire the founders’ design sensibility. I believe Hyderabad will embrace the brand wholeheartedly.”

Franchise partner Ms. Akshita Nahar added:

“Hyderabad lacks a high-quality ethnic wear store dedicated to kids. Though I come from an interior design background, I saw a genuine market gap and decided to bring P&S Co. to this city.”

The launch event was graced by co-founders Ms. Pooja Bihani Kanoria, a management graduate from MDI Gurgaon, and Ms. Salauni Gupta Bihani, an alumna of NIFT. Interestingly, Salauni is originally from Hyderabad and moved to Kolkata after marriage — making this city’s debut personally significant.

The founders shared:

“Among all cities where we showcased our collection, Hyderabad gave us the strongest response. We received repeated enquiries and unmatched footfall at exhibitions. The market here has been waiting for a premium kids’ ethnic wear destination — and we’re excited to deliver that.”

P&S Co. has styled the children of many prestigious Indian families — Ambanis, Piramals, Adanis, GVKs — and celebrities from Bollywood such as Shahid Kapoor and Anushka Sharma, as well as cricket stars Jasprit Bumrah, Gautam Gambhir, and Umesh Yadav. Even the family of former UK Prime Minister Boris Johnson has chosen the brand for its elegant ethnic creations.

“Our designs are rooted in Indian culture yet crafted with modern comfort in mind — perfect for festivals, weddings, and milestone moments,” said the founders.
“As mothers and designers, we know every outfit tells a story — a child’s first Diwali, a sibling’s wedding, or a family celebration. Every piece we create is filled with love, detail, and intention.”

With this Hyderabad entry, P&S Co. is now poised for nationwide expansion, with plans to launch in top Indian metros and the Middle East over the next five years. The brand also continues to invest in its digital footprint to offer seamless global access.

P&S Co. remains committed to celebrating childhood with grace, craftsmanship, and storytelling — one tiny outfit at a time.

ServDharm Goes Global: Bringing India’s Spiritual Essence to Devotees Worldwide

New Delhi, India – ServDharm, one of India’s most cherished devotional and spiritual lifestyle brands, is excited to announce its global expansion into the USA, UK, Europe, Canada, and Australia. This international rollout marks a significant milestone in the brand’s mission to bring authentic pooja essentials and devotional products to Indian communities across the world. Customers abroad will now be able to access ServDharm’s complete collection through both online platforms and select ofline retail partnerships.

The global offering includes ServDharm’s acclaimed range of Chalisas, such as the Hanuman Chalisa, Shiv Chalisa, Sai Baba Chalisa, and Shanidev Chalisa. Devotees will also find an array of intricately designed god idols including Hanuman Murti, Lord Kuber, Ram Darbar, and Radha Krishna, along with sacred items like Mata Ki Chunri and other pooja essentials. These products, which have gained

immense popularity in India for their authenticity and quality, are now being made available to spiritual seekers around the world.

Speaking on the global launch, Gagan Dhawan, Co-Founder of ServDharm, said, “With this global launch, we are not just expanding our business we are expanding our spiritual mission. Our vision is to make sacred, high-quality devotional products easily accessible to Indians living abroad, helping them stay connected to their roots and celebrate traditions wherever they are.”

The decision to go global was fueled by growing demand from the Indian diaspora, who often find it difficult to source genuine and aesthetically presented spiritual products overseas.

ServDharm’s expansion is a response to that need, aiming to bring the purity and reverence of Indian rituals into homes across continents by it’s Co-founders, Mr. Gagan Dhawan, Ms. Heavena Singha and Mr. Ravi Dutta.

In addition, ServDharm will offer attractive discounts on bulk orders, making it easier for temples, spiritual groups, and families to stock up on essential items for various occasions.

The launch is scheduled to begin by next month, with the exact date of the products to be available for purchase is yet to be announced shortly. Devotees and customers can look forward to the same devotion, craftsmanship, and quality that ServDharm is known for now delivered globally.

Vedanta Chairman Anil Agarwal Welcomes UP Government’s Power Sector Reform

Mr. Anil Agarwal, Chairman, Vedanta Ltd., has lauded the Uttar Pradesh Government’s progressive move to privatize two state-run electricity distribution companies – Purvanchal Vidyut Vitaran Nigam Ltd. (PuVVNL) and Dakshinanchal Vidyut Vitaran Nigam Ltd. (DVVNL).

Taking to his official handle on X (formerly Twitter), Mr. Agarwal called the move a “very good step,” emphasizing that such reforms have historically led to improved outcomes in the power sector. “Wherever this has been done, better results have been achieved. This reduces electricity wastage and improves supply,” he wrote.

Mr. Agarwal further added that privatization helps ensure affordable and reliable electricity for consumers, reduces financial burden on the government, and improves the operational health of distribution companies.

“This reform is beneficial for all stakeholders, the government, the industry, and most importantly, the people,” he stated.

The power sector reforms in Uttar Pradesh have attracted significant interest from leading industry players, including Adani, Greenko, Tata, and Torrent Power, marking a notable shift towards efficient and sustainable electricity distribution.

Central Bank of India announces acquisition of 24.91% stake in Future Generali India Insurance Company Limited & 25.18% stake in Future Generali India Life Insurance Company Limited

Mumbai, June 7, 2025: Central Bank of India acquired 24.91% equity stake in Future Generali India Insurance Company Limited (FGIICL) and 25.18% equity stake in Future Generali India Life Insurance Company Limited (FGILICL), marking the Bank’s strategic entry into both the life and general insurance sectors.

Necessary approvals from the Reserve Bank of India (RBI), Insurance Regulatory and Development Authority of India (IRDAI), and Competition Commission of India (CCI) were obtained prior to completion of share transfer.

Key Highlights of the Transaction:

Pursuant to this transaction, Central Bank of India will be classified as a promoter in both Future Generali India Insurance & Future Generali India Life Insurance.

FGIICL, established in 2006 and based in Mumbai, is a prominent player in India’s general insurance sector. With a presence in over 150 locations nationwide, the company offers a wide array of insurance products across retail, commercial, rural, and personal segments, serving both individuals and corporate clients.

FGILICL, also incorporated in 2006 and headquartered in Mumbai, has a robust network spanning more than 1,300 locations across the country. The company delivers a broad spectrum of life insurance solutions, catering to the needs of both individual and group customers.

This acquisition underscores Central Bank of India commitment to creating long-term value for its stakeholders by expanding into high-potential financial services verticals. The Bank aims to diversify its portfolio and strengthen its presence in the fast-growing Indian insurance industry through acquisition.

Genpact Acquires XponentL Data to Accelerate AI-Led Innovation

New Delhi, – June 7, 2025 – Genpact (NYSE: G), a global advanced technology services and solutions company, today announced it has acquired XponentL Data, a data products and artificial intelligence (AI) solutions provider. XponentL brings differentiated domain-led data strategy, design, and engineering capabilities; deep industry experience; and strategic partnerships. This acquisition builds on Genpact’s pivot to data, AI, and other advanced technologies, further enhancing Genpact’s ability to help clients across the lifecycle of AI transformation, from strategy through implementation.

In addition to being a Databricks partner, XponentL adds robust training and capabilities across numerous leading data platforms, including Amazon Web Services (AWS) and Microsoft. The company also brings proven industry- and process-specific solutions that accelerate time to business value.

“We believe the future belongs to companies that deploy AI at speed and scale – on a bedrock of data expertise,” said Balkrishan ‘BK’ Kalra, President and Chief Executive Officer, Genpact. “At Genpact, we have been steadily pivoting to an AI-first future, and today’s acquisition is another proof point of our commitment to deliver client value through innovative solutions. XponentL’s robust intellectual property will further strengthen how Genpact can help clients harness the full value of their data. We are incredibly excited to welcome XponentL Data to the Genpact team.”

“Genpact and XponentL share a vision to unlock the power of data for our clients – this opportunity allows us to take it to the next level,” said Tom Johnstone, Chief Executive Officer, XponentL Data. “Genpact’s domain, process, and technology leadership, global footprint, and extensive client base will help scale our solutions together to drive greater impact for our clients.”

The combination further positions Genpact to help clients with data and AI transformation, creating a foundational intelligence capability to drive operational efficiency and business growth in the agentic AI era. The acquisition will fuel Genpact’s Service-as-Agentic-Solutions and the Genpact AI Gigafactory by bringing comprehensive domain solutions in Life Sciences and Healthcare, as well as deep expertise with enterprise data and AI strategy, architecture, and engineering talent.

“XponentL Data has been a pioneer in applying intelligent agents and modern data architectures on the Databricks Data Intelligence Platform to drive real-world impact. Their acquisition by Genpact—a global leader in digital transformation and operational excellence—creates a unique combination of innovation and scale,” said Michael Hartman, Senior Vice President, Americas Industry, Databricks. “We’re excited to support this next chapter as they help enterprises operationalize AI and drive measurable business value.”

XponentL is headquartered in Pennsylvania and operates globally. Johnstone will continue to lead the XponentL business and all XponentL employees will join Genpact.

GlobalGyan Launches ‘Sarathi Leadership Program’ to Accelerate Mid-Level Managers into Future CXO Roles

Mumbai, 7 June 2025: GlobalGyan Leadership Academy has opened enrolments for the 2025 edition of its flagship executive education initiative, the Sarathi Leadership Program. This transformational journey is crafted to help mid-level managers step into strategic leadership and prepare for CXO roles. Tailored for professionals with over 10+ years of experience, Sarathi bridges the critical gap between operational execution and enterprise-level leadership.

Unlike traditional programs that lean heavily on theory, Sarathi offers a deeply experiential and practical approach to leadership development. Through immersive learning labs, real-time simulations, and mentoring from some of India’s most respected leadership coaches, the program builds strategic clarity, emotional resilience, and the ability to lead transformational change across complex business environments. Sarathi empowers participants to think and act like senior leaders, enabling a shift from managing functions to leading businesses.

The program is structured into four progressive phases: Pre-Immersion, Strategic Leadership Accelerator, Executive Influence Studio, and Post-Immersion Coaching. A cornerstone of the experience is two in-person, three-day immersion labs, where participants engage in live case explorations, strategic decision-making, and the acclaimed Game of Stones simulation designed to sharpen leadership judgment under uncertainty.

What sets Sarathi apart is its faculty of high-impact leadership coaches, including Srinivasa Addepalli, Chandramoulee P., Abhishek Kumar, and Suman Addepalli — seasoned experts who have delivered leadership development programs at top corporates like Mahindra group, HUL, ITC, and the Aditya Birla Group. Their real-world experience enables participants to gain actionable insights and mentorship grounded in business realities.

“Today’s mid-level leaders are often caught in the gap between execution and strategy, highly capable, yet not always equipped with the perspective or tools to influence at the enterprise level. Sarathi was created to fill that void. This is not just a training program. It’s a platform designed to elevate professionals from functional expertise to strategic leadership, helping them confidently step into CXO roles.” said Srinivasa Addepalli, Director, GlobalGyan Leadership Academy.