Category Archives: Business

Equity Markets Open in Green Amid Stable Crude Oil Prices

Mumbai, June 25: Indian equity markets opened on a positive note on Thursday, supported by easing concerns over global energy prices as crude oil hovered near the $70-per-barrel mark. Benchmark indices witnessed buying interest across key sectors, reflecting improved investor sentiment and optimism over economic stability.

The positive market opening comes amid relatively stable crude oil prices, which have remained close to the $70 level following recent fluctuations in global commodity markets. For India, one of the world’s largest crude oil importers, softer energy prices are generally viewed as beneficial for controlling inflationary pressures and reducing import costs.

Market participants noted that stable crude prices could provide support to corporate earnings, particularly for sectors heavily dependent on fuel and transportation costs. Banking, automobile, and consumer-focused stocks were among the early gainers as investors responded positively to the global cues.

Analysts believe that the moderation in crude oil prices may help sustain market momentum in the near term, while investors continue to monitor global economic developments, central bank policies, and geopolitical factors that could influence commodity markets.

The broader market sentiment remained constructive, with traders expecting continued volatility but maintaining a cautiously optimistic outlook for Indian equities.

Dubai civility initiative demands new design thinking from developers

Keturah founder says citywide focus on behaviour, design and daily experience raises the bar across real estate sector

Dubai, UAE, June 25: Luxury developer Keturah says Dubai’s new civility initiatives will reinforce the emirate’s position as a global leader in how a city can improve everyday life for residents.

The Dubai Civility Committee has confirmed plans to introduce a Civility Guidebook and new guidelines for celebrating different occasions, as part of a wider drive to improve public behaviour, the city’s appearance and its overall standard of civility.

The programme also includes work on an integrated city lighting plan and a wider review of the city experience to set standards and systems required to design the world’s most civilised urban experience.

Talal M. Al Gaddah, CEO and Founder of the Keturah luxury brand, says the initiative reflects a more practical way of thinking about cities, where roads, public spaces and homes all work together.

“Dubai is now defining not only how a city should function, but how it should feel,” said Al Gaddah. “That means developers have to think differently about the spaces they create, and ensure their communities reflect the same principles being applied across the city.

“The way communities and homes are designed plays a big part in civility. How spaces are lit, the way communities flow, how people move through shared environments, and the balance of comfort and privacy all shape behaviour and interaction.”

Keturah has two luxury residential communities under development in Dubai designed around principles that support how people actually live and interact.

The Ritz-Carlton Residences at Keturah Resort, on the shores of Dubai Creek adjacent to the Ras Al Khor Wildlife Sanctuary, combines branded residences, hospitality and a dedicated wellness centre, creating spaces where residents naturally encounter and engage with each other.

Keturah Reserve, the AED5.7 billion bio-living community in Mohammed Bin Rashid City’s District 7, is designed at scale to support quality of life through thoughtful planning, from air quality to how spaces flow and connect, all of which shape daily behaviour and interaction.

The Dubai Civility announcement earlier this week follows the new Public Safety laws which came into effect on June 1, to improve safety standards across public spaces, buildings, events, and facilities.

Al Gaddah says such frameworks strengthen the link between how cities are governed and how they are designed, and reinforce the importance of aligning private development with Dubai’s long-term direction on safety, quality and liveability.

Karyan Group Performs Bhoomi Poojan at Trevana Residences

Karyan Group Performs Bhoomi Poojan of their recently launched ‘Trevana Residences’ on NH-24, Ghaziabad

Ghaziabad, June 25: NCR-based Karyan Group performed the Bhoomi Poojan ceremony for its recently launched luxury residential project, Trevana Residences, strategically located on NH-24, opposite Wave City, Ghaziabad. The ceremony marks the formal commencement of development at the project site and reflects the company’s commitment towards timely execution and delivery. The company is investing ₹900 crore and is targeting an estimated revenue of nearly ₹1,500 crore from the development, reflecting growing demand for premium residences in emerging NCR micro-markets.

The Bhoomi Poojan ceremony was conducted in the presence of the company’s leadership, and well-wishers, symbolizing an auspicious beginning for the project. The event marked an important milestone in the development journey of Trevana Residences and reaffirmed Karyan Group’s vision of creating a landmark residential community in the rapidly evolving NH-24 corridor.

Designed to offer a blend of luxury, connectivity, and future-ready urban living, Trevana Residences will feature thoughtfully planned 3 and 4 BHK luxury residences with modern amenities, expansive layouts, and sustainable infrastructure. The project is positioned to cater to affluent home buyers and investors looking for premium housing options in the high-growth NH-24 corridor.

Spread across a prime location with seamless access to Delhi, Noida, and Meerut, the project offers close proximity to upcoming metro connectivity, educational institutions, healthcare facilities, retail hubs, and major business districts. The development features a grand 45,000 sq. ft. clubhouse along with landscaped greens, Bowling Alley, Pickleball Court, Cricket Pitch, Paddle Court, indoor & outdoor swimming pools, fitness centres, jogging tracks,  smart security systems, and eco-conscious features such as rainwater harvesting and solar-powered common areas. The project is scheduled for completion by 2030.

The launch comes at a time when NCR’s luxury and upper mid-segment housing market is experiencing significant momentum, with developers increasingly focusing on integrated lifestyle communities that offer convenience, wellness, and long-term value appreciation.

Varun Garg, Director, Karyan Group, said, “The Bhoomi Poojan ceremony for Trevana Residences marks a significant milestone for us and reflects the beginning of our vision to create a premium residential destination on the NH-24 corridor. With Trevana Residences, our vision is to redefine premium living on the NH-24 corridor by developing a thoughtfully designed residential ecosystem that balances luxury, comfort, and connectivity. The project has been conceptualized keeping in mind the aspirations of modern homebuyers who seek spacious homes, lifestyle amenities, pollution free living and seamless access to key NCR destinations. We are confident that the project will not only witness strong market response but also contribute significantly to the evolving urban landscape of NH-24.”

Backed by over 15 years of diversified business experience across real estate (Residential & Commercial), Warehousing, and Emerging Technologies, Karyan Group continues to strengthen its presence in the Delhi-NCR market through quality-driven developments focused on innovation, timely delivery, and customer-centric planning.

Yudo India Doubles Hot Runner Capacity at New Vasai Facility, Strengthening India’s Plastics Manufacturing Ecosystem

Vasai, Maharashtra June 25: Yudo Hot Runner India Pvt. Ltd. has opened a new 40,000 sq ft manufacturing facility in Vasai, near Mumbai, dedicated exclusively to Hot Runner systems. The expansion more than doubles the company’s domestic production capacity from around 180–190 systems per month to nearly 400 marking one of Yudo’s most significant investments in strengthening India’s plastics manufacturing base.

The facility embodies a “global technology, local manufacturing” approach – world-class hot runner systems engineered and built in India for Indian market. With design, R&D, simulation, manufacturing, assembly, and testing all under one roof, the Vasai plant becomes one of Yudo’s nine global R&D centres, placing India at the heart of the company’s worldwide network of 24 plants across more than 45 countries.

Hot runner systems are integral to injection moulding, the process behind a vast range of plastic products. Yudo serves diverse segments across India with automotive as its largest market, followed by packaging, medical, and PVC and commands close to 70% of the automotive hot runner segment, underlining its leadership in the industry.

By scaling domestic manufacturing, the new plant meets a significantly larger share of India’s hot runner demand from within the country – giving Indian customers faster delivery, localised engineering support, and globally benchmarked quality, all backed by an in-country R&D and testing ecosystem.

“With growing demand, shorter delivery timelines, and higher service expectations, it was essential to scale up our manufacturing capacity,” said Vishal Agarwal, President, Yudo Hot Runner India Pvt. Ltd.

“This facility strengthens our ability to serve the domestic market while reinforcing India’s role in Yudo’s global network.”

Mr. Agarwal pointed to Yudo’s deep roots in India, with over 25 years in the hot runner segment. “We are the oldest company in India still operating in this space, and Vasai was a natural choice given its position as a hub for automotive tooling,” he added.

The facility currently employs 100 people, with plans to grow to 125 within six months. As part of its commitment to inclusive manufacturing, Yudo is targeting 50% female workforce participation on the shopfloor, supported by structured training for CNC operations during day shifts.

That same focus on responsible manufacturing extends to the plant’s environmental design. The facility is powered by rooftop solar panels and harvests rainwater to reduce its draw on local resources. A heat-resistant film on the building lowers cooling loads and overall energy consumption, while a solar daylighting system channels natural light across the shopfloor, virtually eliminating the need for artificial lighting through the day. Together, these measures cut the plant’s energy use and carbon footprint, reflecting Yudo’s commitment to responsible, future-ready manufacturing in India.

The new plant reflects Yudo’s vision of becoming a market-centric company in India, catering to rising domestic demand while preparing for future growth. By combining global technology with local manufacturing, the investment supports India’s emergence as a self-reliant, advanced manufacturing hub and strengthens the wider plastics manufacturing ecosystem that underpins the country’s industrial progress.

Apis India Strengthens Leadership with Three Key Senior Appointments

New Delhi, June 24: Apis India Limited  one of India’s  honey processing and FMCG companies with a legacy spanning 100 years, has announced three senior leadership appointments as part of its ongoing efforts to strengthen organisational capabilities and support the next phase of growth. The company has appointed Arun Mishra as National Sales Head – General Trade, Ankit Nagar as Chief Financial Officer (CFO) and Key Managerial Personnel, and Pankaj Tripathi as GM-HR, Admin & IT. 

Commenting on the appointments, Mr Amit Anand, Managing Director, Apis India, said:

“As Apis India enters its next phase of expansion, I am confident that these leadership appointments will play a pivotal role in driving our strategic priorities and strengthening our market position.”

He further added,

“We are delighted to welcome Arun, Ankit, and Pankaj to the Apis India leadership team. Arun’s extensive expertise will be instrumental in expanding our distribution network and strengthening our general trade presence across markets. Ankit brings strong financial acumen and experience in building scalable, process-driven organisations, which will be invaluable as we enhance operational efficiency and support long-term business growth. Pankaj’s deep experience in people leadership and talent development will help us build a future-ready workforce and foster a high-performance culture.”

Ankit Nagar,Chief Financial Officer (CFO) and Key Managerial Personnel

Mr Ankit Nagar is a qualified Chartered Accountant with over 16 years of post-qualification experience across financial reporting, financial planning & analysis (FP&A), strategic growth planning, corporate governance, regulatory compliance and transformation initiatives. He has a strong track record of enabling organizations to achieve their growth ambitions while maintaining financial discipline and governance standards. He has led multiple mergers and acquisitions, business restructuring initiatives and managed financial, tax, and legal due diligence for strategic acquisitions as well as overseeing post-merger integration processes to realize synergies and support business expansion objectives.

Prior to joining Apis India, Nagar has worked with Dharampal Satyapal Foods Limited, Modi Rubber Limited, HSBC Electronic Data Processing Pvt. Ltd., and SRBC & Co LLP.

Arun Mishra, National Sales Head, General Trade

Based at the company’s New Delhi headquarters, Mr Arun Mishra will lead the General Trade sales function across India, with responsibility for driving revenue growth and strengthening Apis India’s distribution network. He is a Management Postgraduate with an MBA in Marketing & IT from Apeejay School of Management, Greater Noida, and brings over 25 years of experience in sales and marketing across reputed organisations including Soothe Healthcare, Birla Morton, Modi Naturals, Haldiram Snacks, and Devyani Beverage.

Most recently, Mishra served as Vice President, Sales at Sunbridge Agro, where he oversaw large-scale sales and marketing operations across India.

Pankaj Tripathi – GM-HR, Admin & IT

Mr Pankaj Tripathi holds an MBA in Human Resource Management and brings over 18 years of diverse experience across FMCG, manufacturing, hospitality, and retail sectors. He has held key HR leadership positions at DS Group, PVR INOX, Mahindra Group, and Royal Orchid Hotels. His expertise covers strategic HR business partnering, talent management, industrial relations, and HR digitalisation.

Recently, Apis India reported its highest-ever consolidated annual turnover of ₹390.51 crore in FY 2025-26, reflecting an approximately 11.5% YoY increase. Q4 FY26 was particularly robust, with consolidated net profit rising 27.3% YoY to ₹10.35 crore and revenue growing 8.6% YoY to ₹97.89 crore.

The year was also marked by key strategic milestones: the launch of the MISK Masala Dates range and a government-approved subsidy of approximately ₹1.66 crore towards a new 2,400-MT-per-annum jam manufacturing facility at Roorkee.

India Set to Roll Out Services Production Index

New Monthly Production Index to Enhance Tracking of India’s Services-Led Growth

New Delhi: In a significant step towards strengthening economic data monitoring, the Government of India is set to launch a Monthly Production Index for the services sector in July, providing policymakers, businesses and investors with a more comprehensive view of the country’s economic performance.

The new index is expected to bridge a key data gap by offering high-frequency insights into the services sector, which contributes more than half of India’s Gross Domestic Product (GDP) and serves as a major driver of economic growth, employment and investment.

Officials said the initiative is aimed at improving the measurement of economic activity by providing timely indicators on output trends across major service industries. The index will enable stakeholders to track growth patterns more accurately and assess the health of the economy on a monthly basis.

The move comes at a time when India’s services sector continues to play a crucial role in supporting economic expansion, driven by strong performance in areas such as financial services, information technology, telecommunications, transport, hospitality and professional services.

Experts believe the introduction of the monthly index will strengthen India’s statistical infrastructure and align economic reporting standards with leading global economies that already publish high-frequency services data.

The index is also expected to assist policymakers in making quicker and more informed decisions by providing real-time insights into sectoral performance, demand conditions and emerging economic trends.

Industry analysts have welcomed the initiative, noting that improved data availability can enhance transparency, support investment planning and provide greater clarity on the pace and direction of economic growth.

The launch of the Monthly Production Index reflects the government’s continued efforts to modernise economic data systems and improve the quality of information available for policy formulation and business decision-making.

India, China Explore Ways to Deepen Engagement

New Delhi, June 24: Chinese Foreign Minister Wang Yi met Prime Minister Narendra Modi to discuss ways to deepen cooperation between India and China and strengthen bilateral engagement across multiple areas of mutual interest.

During the meeting, both sides reviewed the current state of relations and exchanged views on enhancing dialogue and stability in ties between the two neighbouring countries.

Wang Yi emphasised the importance of expanding cooperation and maintaining constructive engagement to promote regional stability and mutual development. He noted that closer collaboration between India and China could contribute positively to broader global and regional challenges.

Prime Minister Narendra Modi underscored the need for maintaining peace and stability along the border areas and highlighted the importance of building a relationship based on mutual respect, sensitivity and shared interests.

Both sides acknowledged the significance of regular communication at high levels to address concerns and explore opportunities for cooperation in areas such as trade, investment and people-to-people exchanges.

The meeting reflects ongoing diplomatic efforts to manage differences and strengthen engagement between the two major Asian economies.

India Remains Resilient Despite Global Uncertainty: Report

New Delhi, June 24: India continues to showcase resilience in the face of global economic and geopolitical uncertainties, with strong participation from domestic investors helping stabilize financial markets, according to a recent report.

The report highlights that despite external challenges such as geopolitical tensions, fluctuating commodity prices and global economic slowdowns, India’s financial markets have remained relatively stable due to sustained inflows from domestic investors.

Growing participation from retail investors, mutual funds and domestic institutional investors has provided a strong cushion against volatility triggered by foreign capital movements. This trend has helped maintain investor confidence and support market performance during periods of global turbulence.

Analysts noted that India’s robust macroeconomic fundamentals, expanding digital economy and steady economic growth outlook continue to attract long-term investment interest. The increasing role of domestic capital has also reduced the market’s dependence on foreign institutional flows.

The report further stated that rising financial awareness, greater access to investment platforms and increasing household participation in equity markets have strengthened the country’s investment ecosystem.

Experts believe that the growing influence of domestic investors will remain a key factor in supporting market stability and enhancing India’s ability to navigate global economic shocks in the years ahead.

Adani Electricity Rolls Out Comprehensive Monsoon Readiness Plan Across Mumbai

Mumbai, June 24: Adani Electricity has intensified its monsoon preparedness measures to ensure uninterrupted power supply and safeguard nearly 3.15 million consumers across Mumbai during the rainy season.

The company has implemented a comprehensive contingency plan aimed at minimizing disruptions caused by heavy rainfall, waterlogging, strong winds and other weather-related challenges commonly experienced during the monsoon months.

As part of its preparedness strategy, Adani Electricity has strengthened its network infrastructure, conducted preventive maintenance of substations and distribution systems, and deployed dedicated emergency response teams across key locations in its service area.

Officials said round-the-clock monitoring systems have been activated to quickly identify and address any potential faults, while critical equipment and backup resources have been positioned to ensure rapid restoration of services if required.

The utility has also undertaken inspections of power installations in flood-prone areas and enhanced coordination with local authorities and emergency agencies to improve response capabilities during adverse weather conditions.

With Mumbai entering the peak monsoon period, the company said customer safety and service reliability remain top priorities. Consumers have also been advised to follow electrical safety guidelines and report any power-related issues through the company’s customer service channels.

The preparedness measures reflect Adani Electricity’s ongoing commitment to maintaining reliable power supply and ensuring operational resilience during one of the city’s most challenging weather seasons.

Rapid Solar Energy Expansion Creating New Green Employment Opportunities in India

New Delhi, June 24: India’s accelerating adoption of solar energy is emerging as a major driver of green job creation, with a new report highlighting the sector’s growing contribution to employment and sustainable economic development.

According to the report, the expansion of solar power capacity is generating opportunities across the value chain, including manufacturing, project development, installation, operations, maintenance and related support services.

The growth of the solar sector is being supported by increasing investments in renewable energy, favourable policy initiatives and the country’s commitment to expanding clean energy capacity. These developments are helping create a new generation of jobs aligned with the transition to a low-carbon economy.

Industry experts said the renewable energy sector is not only contributing to India’s energy security goals but is also opening up employment opportunities for skilled, semi-skilled and rural workers.

The report noted that as solar installations continue to scale across utility, commercial and residential segments, demand for trained professionals in engineering, technical services and clean energy management is expected to rise significantly.

Experts believe the solar industry will play a crucial role in supporting sustainable growth, fostering innovation and creating future-ready employment opportunities as India advances its clean energy transition.

With renewable energy becoming a key pillar of economic development, the solar sector is expected to remain a major source of green jobs in the years ahead.