Category Archives: Business

India’s Labour Reforms- Quote from NLB Services, leading global technology and digital talent solutions provider

By  Sachin Alug, CEO, NLB Services:–“Albeit growing in size, the country’s gig workforce has long remained unorganized due to lax labour governance. The implementation of the four new labour codes is poised to usher in overdue reforms for this fast-expanding demographic. It’s high time this sector moved toward formalization, and we anticipate this step to pave the way for better protection, structure, and management within the gig economy.

The new laws are also expected to promote gender parity in the workforce by opening doors to wider opportunities across diverse sectors. Additionally, other groups such as contract workers, youth workers, and fixed-term employees stand to benefit from reforms that introduce clearer working-hour norms, expanded social security, minimum wage protections, health benefits, and more.”

Sarvam Properties Secures Equity Funding; Launches ₹300 Crore ‘Assure X’ Platform

Mumbai,  Nov 22: Sarvam Properties, a Mumbai-based real-estate solutions firm, has raised strategic equity funding from Dharmil Sheth, Dhaval Shah, and Hardik Dedhia, founders of PharmEasy and All Home, along with a select group of angel investors across India. Coinciding with the fundraise, the company announced the launch of Assure X, a ₹300 crore AI-powered initiative designed exclusively for developers partnering with Sarvam. The platform integrates high-performance sales execution with on-demand liquidity support, offering a structured mechanism for predictable project cash flows within Mumbai’s realestate ecosystem.

The fundraise marks a major step in Sarvam’s plan to address a long-standing challenge in Mumbai’s real-estate market. Developers often face liquidity strain between sales progress and cash-flow realization. When inflows lag construction schedules, even projects with strong demand can experience delays. Assure X addresses this challenge by using real-time sales data and predefined liquidity triggers to anticipate funding gaps and facilitate timely capital infusion, ensuring steady project execution. The alignment of performance metrics with prompt capital access enables developers to maintain execution pace and meet delivery timelines.

Reflecting on the milestone Manan Joshi, Founder of Sarvam Properties;said: “Our goal has always been to make real-estate execution as cohesive and dependable as the assets it produces. Assure X is an extension of that belief. It is a framework that converts market complexity into measurable order. For developers, it means working within a system where progress and liquidity move in tandem.”

The capital raise will enable Sarvam to strengthen its operating framework and extend its reach across Mumbai’s development corridors. The company plans to expand its technology infrastructure, deepen advisory capabilities, and build specialist teams for project strategy and customer engagement.

Speaking on Sarvam’s operational approach, Monty Joshi, Co-Founder of Sarvam Properties, said: “Technology has always been central to how we operate. With Assure X, we are extending that approach, using AI not as a label but as a tool that brings clarity, precision, and speed to project execution, positioning Sarvam as a dependable ally for developers focused on efficiency and timely delivery.”

The equity participation highlights investor conviction in analytics-led, accountable practices within real estate, in line with Sarvam’s plan to professionalize developer services.

Commenting on investor interest, Dhaval Hemani, Co-Founder of Sarvam Properties, said: “We are privileged to partner with founders who have built some of India’s notable digital enterprises. Their entrepreneurial vision and disciplined approach bring perspective that extends well beyond capital, helping us scale responsibly and deliver measurable efficiency.”

Recent industry reports indicate that equity investments in Indian real estate rose 48% to about $3.8 billion in Q3 FY25, signalling renewed investor activity in the real estate sector. As this trend gathers pace, Sarvam is contributing to a more organized and performance-led developer ecosystem through initiatives such as Assure X.

Truzon Solar by Suntek Energy Systems Celebrates 17 Years of illuminating India’s Clean Energy Journey

Hyderabad, Nov 21: Suntek Energy Systems, the parent company and brand owner of Truzon Solar, celebrated its 17th Foundation Day, marking a significant milestone in its journey to accelerate clean energy adoption across India. The celebration brought together over 400 dedicated employees and more than 30 esteemed dealers, reflecting the company’s expanding presence and continued commitment to sustainable progress.

Truzon Solar marked this occasion with heartfelt recognition of the employees whose dedication and hard work have shaped its success and growth. Employees were honored for their outstanding commitment and the event was enlivened with engaging entertainment and activities designed to foster camaraderie and unity within the organization.

Our journey began with a clear vision to deliver clean, reliable, and high-quality energy solutions. Today, that vision is stronger than ever as we continue to empower homes and businesses with world-class solar solutions—backed by robust service and an unwavering commitment to sustainability with Superstar Mahesh Babu as our brand ambassador, we have further strengthened our nationwide visibility and earned greater consumer trust, said Bhavani Suresh, Founder & MD, Truzon Solar.

Our customer-first approach and uncompromising focus on quality continue to set us apart in India’s fast-expanding solar market, with operations now extended across Telangana, Andhra Pradesh, Maharashtra, Madhya Pradesh, Karnataka and Chhattisgarh, he added. Truzon Solar has received prestigious recognitions, including the MNRE Award for Best Company in Telangana.

We are rapidly expanding our dealer network and enhancing our operational capabilities to deliver technologically advanced solar solutions backed by exceptional service, said J. Srinivas, CEO, Truzon Solar. “Our relentless focus on quality and our customer-first philosophy continue to distinguish us in the evolving solar industry.”

The company is also spearheading large-scale ground-mounted solar installations, managing government projects under PM-KUSUM and delivering high-capacity captive power solutions for diverse sectors.

Škoda Auto Volkswagen India Celebrates 2 Million Vehicles Produced Locally

Pune, Nov 21:-Škoda Auto Volkswagen India Private Limited (SAVWIPL) has crossed the 2 million production milestone, marking a landmark achievement in its 25-year journey in India. This milestone comes amid the Group’s strongest commercial momentum to date, with October 2025 emerging as its most successful month since inception, reaffirming India’s strategic role in the global network.

The milestone includes over 500,000 vehicles built on the MQB-A0-IN platform, designed and developed locally by Indian engineering teams. This platform underpins models such as the Škoda Kushaq, Slavia, Kodiaq, and the Volkswagen Taigun and Virtus, which have driven recent growth. Remarkably, the last 500,000 units were produced in just 3.5 years, reflecting robust demand for India-built, globally benchmarked products.

SAVWIPL’s brands continue to post strong commercial performance. Škoda Auto India recorded its highest-ever 10-month performance, reaching 61,607 units in 2025, more than doubling year-on-year. Volkswagen India celebrated Diwali with its highest-ever monthly sales for the Virtus, which now commands over 40% share in the premium sedan segment within 40 months.

Premium and luxury brands have also strengthened the Group’s market presence. Bentley India opened all-new showrooms in Mumbai and Bengaluru, consolidating sales, marketing, and aftersales operations. Porsche India added over 4,400 customers in the past six years, expanding to 13 points of sale nationwide. Audi India achieved multiple milestones: the RS Q8 won Performance Car of the Year at the 2025 AutoX Awards, Audi Approved: plus posted 5% growth from January to September 2025, and the brand advanced India’s EV ecosystem with 6,500+ charging points installed under Phase II of the Charge My Audi initiative.

SAVWIPL’s super-luxury marque Lamborghini delivered its best-ever annual performance in 2024, with 113 cars sold, a 10% increase over 2023. The launch of the Temerario in India, following the Revuelto and Urus SE, completes Lamborghini’s hybrid transition under its Direzione Cor Tauri strategy.

Piyush Arora, CEO & MD of Škoda Auto Volkswagen India, said;

“Every milestone we achieve in India reflects our belief in the country’s potential — not just as a market but as a global mobility hub. The 2-million mark is the result of sustained investment in people, technology, and local capability. It also reflects the exceptional trust Indian customers place in our six brands. Indian buyers are among the most informed and discerning globally, and their confidence drives us to deliver products with world-class quality, precision, and trust.”

Exports continue to be a strong pillar of the Group’s operations, with over 700,000 vehicles shipped from India to markets across Latin America, Africa, Southeast Asia, and the Middle East, reinforcing India as an emerging export hub under the “Made in India, Driven by the World” vision.

The Group operates two state-of-the-art facilities in Pune and Chhatrapati Sambhaji Nagar, with a €600 million investment in the Pune plant to support higher volumes and deeper localization. These facilities anchor SAVWIPL’s India operations, enabling agility for its multi-brand, multi-market strategy.

With strong local engineering capabilities and global technology, the Group is positioning India as a hub for both domestic and global markets. The 2-million production milestone reflects not only manufacturing success but also India’s growing role in shaping the Group’s future mobility roadmap.

To strengthen its competitive edge, SAVWIPL continues to focus on cost optimization, market performance, and accelerated localization, ensuring the Group remains agile and well-positioned for long-term growth in India.

Supertails Launches Viral Wedding-Themed Campaign ‘Hooman Di Wedding’

Supertails Goes Viral with Its New Wedding-Themed Campaign, Launches the ‘Hooman Di Wedding’

Bengaluru, Nov 21st : Supertails, India’s leading digital-first pet care brand, is turning up the shaadi season sale with its latest campaign- Hooman Di Wedding Sale, running from 23rd November to 2nd December. The wedding-themed sale brings together Supertails’ signature mix of emotion and humour, inviting pet parents to enjoy India’s favourite festive season reimagined through the lens of their pets.

Because every family has that one decision-maker and this time, it’s the pet. The Hooman Di Wedding Sale is built on a simple yet familiar insight: for every committed pet parent, their pet’s approval of a life partner is non-negotiable. The campaign celebrates this bond, reimagining the wedding season with pets as the true decision-makers because no rishta is complete without their say.

At the heart of the campaign is a lighthearted, Ekta Kapoor-style brand film that captures the melodrama and humour of a classic Indian wedding. The story opens on a “rishta pakka” moment between two families, the music swells, the sweets are ready when the bride’s pets make a grand, dramatic entry to object to the match. They demand to know if the groom is truly worthy of becoming their new pawrent. With a little help from Supertails, the groom wins them over with goodies and treats before going down on one knee not just to the bride, but to the pets too asking, “Will you all marry me?” The story ends on a heartwarming note, with the pets finally approving the match and welcoming him into their family.

Online, each day of the sale mirrors a different wedding function, from ‘Daawat-e-Baarat’ (food deals) to ‘Band, Baaj, Bling’ (accessory sales) and ‘Healthily Ever After’ (pharmacy offers). Off-platform, the campaign extended to witty matrimonial spoofs voiced by Supertails’ iconic “pet aunties”, and the Pet Parent Palooza, a first-of-its-kind carnival in Bengaluru curated with Kaunversations, where pet parents and their partners came together to meet, mingle, and celebrate their “pet-approved” connections.

Speaking about the campaign, Vineet Khanna, Co-founder of Supertails, said:

“Every pet parent knows that the relationships we build are shaped by the ones waiting for us at home – our pets. With the Hooman Di Wedding Sale, we wanted to bring this truth alive in a fun, dramatic way that mirrors the film and the festive spirit of shaadi season. At its core, the campaign celebrates the simple idea that love feels complete only when the family, pets included, says yes.”

With this campaign, Supertails continues to celebrate the evolving culture of modern pet parenting in India.

Thimblerr Raises INR 1.4 Mn in Bridge Round Backed by IPV

Thimblerr raises $1.4 Mn in bridge round with participation from Inflection Point Ventures and others

Thimblerr, a full stack technology-driven fashion supply-chain platform, has raised $1.4 Mn in a bridge round with participation from Inflection Point Ventures and others. The round also saw participation from 3one4 Capital, Mount Judi Ventures, Venture Catalysts and We Founder Circle. The fresh funds raised will be utilized for customer acquisition, expanding into additional product categories, and further strengthening the supply-chain capabilities.

Thimblerr has built a tech-enabled supply chain that integrates design intelligence and rapid prototyping, allowing fashion brands to move from concept to production more efficiently, making them a one-stop platform for fashion brands looking to grow their business. The platform has reduced lead times from nearly 180 days to just 30–60 days and has enabled the creation of over 3,000 designs every month. Thimblerr currently works with 12+ renowned clients in India, including Tata Trent, USPA, Snitch, and The Souled Store.

Mitesh Shah, Co-founder, IPV says,

“In today’s fast-paced world, keeping up with latest trends and expediting the manufacturing process are essential for any brand looking to enter the market and stay competitive. However, it becomes nearly impossible for companies to manage the entire design–manufacturing supply chain by themselves. With Thimblerr, brands can design, source, prototype, and manufacture garments quickly, efficiently, and sustainably, using their tech-first approach. Making them a dependable go-to partner for fashion brands.”

Bangalore based Thimblerr was co-founded by Piyush Jalan and Rishav Papneja in 2022. Piyush Jalan is an alumnus of IIT Kanpur and has worked as a consultant with Jarvis Consulting. Rishav Papneja is from IIT Delhi with previous experience at Uber. Both bring together a powerful blend of strategic consulting expertise and operational excellence in the tech and mobility sectors. Their diverse experiences and shared vision have been critical to shaping Thimblerr into an innovative and scalable venture.

Piyush Jalan, Co-founder, Thimblerr says,

“Thimblerr’s partnership with IPV has been an important part of our journey. Our objective is to reshape India’s fast fashion manufacturing ecosystem by bringing speed, transparency, and reliability into the whole process. We’re building a single platform to connect global brands with trusted Indian manufacturers, enabling faster production with increased efficiency. We will look toward leveraging technology to make operations simpler and create real value for both the brands and suppliers. We see Thimblerr as one step toward making India a global hub for fast fashion manufacturing.”

The Indian fast fashion manufacturing industry is valued at about USD 5 billion and is in a growth spree. It has been growing at 25–30% YoY, backed by growing consumer demand, increasing global sourcing, and the rising popularity of low-price, trend-driven apparel, Thimblerr stands at a vantage point as an industry enabler providing the infrastructure, tools, and capabilities that allow brands to scale, innovate, and launch products faster. Rather than competing in the fast-moving consumer market, it empowers those who do.

NCR Leads as India’s Rental Growth Moderates; Greater Noida Rises 29.5 Percent Magicbricks Report

India’s Rental Market Moderates, even as NCR Posts Robust Demand with Greater Noida Rising 29.5% – Magicbricks’ Rental Index Report

New Delhi, Nov 19th: Magicbricks today released the Rental Index for the July–September 2025 (JAS ’25) quarter, highlighting rental market that is resetting after three quarters of intense activity. However, average rents continued to strengthen, rising 4.4% QoQ and 18.1% YoY, even as key metros displayed differing levels of tenant activity during the quarter.

Between July – August 2025 witnessed a period of consolidation where moderation in both demand and supply is helping the market progress toward a more stable rhythm. National rental demand rose marginally by 0.2% QoQ and 0.4% YoY, while supply increased by 0.6% QoQ and 5.9% YoY, signalling a shift towards closer alignment between tenant interest and available listings.

According to the report, the quarter’s movement was shaped significantly by Delhi–NCR, where demand surged in Greater Noida (29.5% QoQ), Delhi (17.8% QoQ) and Noida (10.8% QoQ). Kolkata also recorded a 5.4% QoQ rise, indicating sustained traction. Several major cities, including Chennai, Bengaluru, Hyderabad, Pune and Mumbai, witnessed softer shifts with demand easing between –1.2% and –7.2% QoQ. On the supply front, Delhi registered the sharpest rise at 17.6% QoQ, followed by Ahmedabad at 6.5%, supporting the broader trend of the market moving toward balance.

Average rent continued to rise across most markets; Thane led the trend by posting the sharpest uptick at 12.5% QoQ, followed by Chennai at 6.7% QoQ and Mumbai at 4.9% QoQ along with Delhi’s 4.5% QoQ growth reflected steady absorption.

“While the national rental market has begun to stabilise after several quarters of rapid growth, the continued momentum in NCR shows how infrastructure upgrades, better connectivity and a steady flow of mid-sized homes are sustaining tenant interest. The moderation in rents across most cities also indicates a healthy shift toward balance, where supply is catching up with demand. This phase is likely to improve affordability for tenants while creating a more predictable environment for homeowners and investors,” says Mr. Prasun Kumar, CMO, Magicbricks.

At the national level, tenant choices remained consistent. Two-bedroom homes accounted for 44% of demand, followed by one-bedroom units at 32%. Semi-furnished homes dominated with 51% of demand and 54% of supply, while mid-sized homes between 500 and 1,500 sq. ft. continued to shape the majority of rental activity, capturing 77% of tenant preference.

Magicbricks is India’s No.1 property site

As the largest platform for buyers and sellers of property to connect in a transparent manner, Magicbricks has monthly traffic exceeding 2 crores and an active base of over 15 lakh property listings. Magicbricks has metamorphosed into a full stack service provider for all real estate needs, with services including home loans, interiors, and expert advice.

With 17+ years of experience and deep research-based knowledge, Magicbricks also presents a repertoire of insight-driven platforms like MBTV—India’s leading online real estate YouTube channel—and other proprietary tools so that home buyers can access all information related to price trends, forecasts, and locality reviews.

HCLTech opens office in Calgary, expanding its presence in Canada

CALGARY, Alberta and NOIDA, India, Nov 19:– HCLTech, a leading global technology company, today announced the opening of its office in Calgary, Alberta, following the signing of a memorandum of understanding with Invest Alberta to advance technology collaboration and innovation in the province. The expansion reinforces the company’s commitment to growth in Alberta and across Canada.

Located at The Ampersand, one of downtown Calgary’s premier office complexes; the new facility is designed as a collaboration-first environment and will serve as a client co-innovation and delivery center. The space enables HCLTech to work closely with clients and ecosystem partners to drive innovation, inspire creativity and deliver transformative technology solutions across industries. HCLTech operates delivery and innovation centers in Mississauga, Moncton and Vancouver, supporting more than 50 major Canadian enterprises.

HCLTech is inaugurating the new office today at its Annual Year-End Reception in Calgary; where clients, partners and industry leaders are joining HCLTech executive leadership to mark this milestone. The office reflects HCLTech’s long-term vision to create local jobs, contribute to Alberta’s economy and strengthen Canada’s technology ecosystem. The company has also formed a strategic partnership with Invest Alberta to deepen its presence in the province and collaborate with local enterprises, educational institutions and government stakeholders.

“This is the fifth Indian IT company that IAC has helped land in Calgary;We are very proud of this milestone, as it demonstrates Alberta’s growing appeal in the global tech sector. We celebrate this achievement, the result of collaboration and true teamwork,” said Rick Christiaanse, CEO of Invest Alberta.

“The opening of our Calgary office marks an important step in expanding our presence in Western Canada and advancing the digital transformation journeys of our clients,” said Dave Chopra, Executive Vice President and Canada Country Head, HCLTech. “As we deepen our collaboration with Invest Alberta and accelerate our focus on AI, cybersecurity and data, we see tremendous opportunity to co-innovate with the region’s growing technology community.”

Choice International Expands Infrastructure Advisory Capabilities with acquisition of Ayoleeza Consultants

Mumbai, November 19, 2025: Choice International Limited, one of India’s leading diversified financial services and consulting group, announced that its subsidiary, Choice Consultancy Services Private Limited (CCSPL), has acquired 100% shareholding in Ayoleeza Consultants Private Limited.

Ayoleeza Consultants Private Limited is a two decades old reputed consultancy firm engaged in providing specialized advisory consultancy services in areas such as Railways & Metros, Road & Highways, Bridges, Tunnels and Urban Infrastructure in India and neighbouring countries.

The company currently manages live orders exceeding ₹200 Crores alongwith their Partners. Notably, about 69% of these projects are time-based payment contracts, ensuring consistent monthly revenue. Ayoleeza has recently secured several key assignments in the railway sector, driven by its strong technical capabilities and deep understanding of India’s transport infrastructure landscape. Additionally, the firm has bid for consultancy tenders worth ₹350+ Crores in Railway projects and ₹150+ Crores in Roads & Highways, which are presently under evaluation—indicating strong potential for future order wins.

Backed by a team of over 200+ qualified engineers, planners, and consultants, Ayoleeza Consultants brings strong technical expertise and multidisciplinary project experience under the leadership of Mr. Abhishek Kumar, Founder of Ayoleeza Consultants. The team’s capabilities span across detailed project reports (DPRs), design and supervision, project management consultancy (PMC), and quality assurance for both public and private sector clients. Their experience across national and state-level assignments further complements CCSPL’s growing infrastructure consulting portfolio.

This acquisition is strategically aligned with Choice Group’s vision to expand its Public Sector Consulting vertical and strengthen its capabilities across project advisory, design, supervision, and implementation monitoring services in Infrastructure domain. The integration of Ayoleeza’s strong technical expertise, diversified client base, and proven execution track record will enhance CCSPL’s ability to deliver large-scale infrastructure mandates across India.

Mr. Arun Poddar, Group CEO of Choice International Limited, added:

“We are delighted to welcome Ayoleeza Consultants into the Choice family. This acquisition reflects our continued commitment to scale our Public Sector Consulting business, create long-term value, and contribute to the nation’s growth through participation in key public sector development projects globally.”

With this transaction, CCSPL further consolidates its position as a comprehensive Public Sector consulting and advisory platform, leveraging a strong pipeline of ongoing and upcoming projects across transport segment specially Railways & Metro.

VARU by Atmosphere Elevates Island Dining with Two New Overwater Venues

Maldives, Nov 18: Celebrating the spirit of modern Maldivian hospitality, VARU by Atmosphere has expanded its culinary landscape with the launch of two exceptional overwater dining venues – Teppanyaki Over Water and Cellar at NÜ. A favourite among Indian travellers and couples seeking a blend of romance, relaxation, and refined gastronomy, VARU by Atmosphere continues to evolve its offerings while staying true to its “Naturally Maldivian” essence.

The new additions further enhance the resort’s reputation for immersive dining experiences, already highlighted by its signature restaurant Kaagé, a winner of the Tripadvisor Travellers’ Choice Award 2025 for the fifth consecutive year.

“At VARU, our cuisine, design, and service are intuitive and thoughtfully curated. With Teppanyaki Over Water and Cellar at NÜ, we have created dining journeys that are both enriching and true to the island’s generous spirit – giving our guests new reasons to return, season after season,” said Maurice Van Den Bosch, General Manager, VARU by Atmosphere. 

At Teppanyaki Over Water, the vibrant spirit of Japanese cuisine unfolds through the artistry of Teppan grilling. Guests are invited to a lively dining journey over the lagoon, where premium seafood, A5 Wagyu, and sushi are prepared with precision and flair. Enhanced by sake cocktails and the open-air, lantern-lit setting, every seating captures the essence of Japanese hospitality with a Maldivian touch.
As the sun sets over the Indian Ocean, Cellar at NÜ invites guests into an elegant overwater wine degustation lounge, perfect for intimate evenings. The experience celebrates the craft of pairing through rare vintages and bold New World selections, complemented by artisanal chocolate, cheese, and charcuterie platters. The highlight – a six-course Royal Wine Pairing Dinner – transforms each evening into a refined celebration of flavour and finesse.

Located in the North Malé Atoll, VARU by Atmosphere continues to earn global recognition, ranking among the top 1% of listings worldwide in Tripadvisor’s Travellers’ Choice Awards Best of the Best 2025. With these new dining additions, the resort invites guests to discover elevated culinary experiences that blend sophistication, creativity, and island soul.