Category Archives: Business

Siddha Sky Begins Possession Handover for Three Sixty Homebuyers at Wadala

Mumbai, 21 July: Siddha Group & Sejal Group have received the Occupation Certificate (OC) for Phase 1 of Siddha Sky, their flagship residential project in Wadala, Mumbai, and will begin handing over homes to customers. This project is being developed in partnership with StarOm Group.

The first phase comprises Tower 1A – named Capella, part of a larger development of five 39-storey towers. A total of 360 apartments are being handed over to homeowners following the receipt of the Occupation Certificate.

The apartments include 1, 2 and 3 BHK configurations, with a majority of buyers in this phase being end-users, reflecting steady demand from homebuyers in Central Mumbai. Wadala is emerging as a growing residential market, supported by infrastructure upgrades such as metro connectivity and improved road access, including the Eastern Freeway, and is in proximity to key business districts.

Launched in November 2021, Siddha Sky is a lifestyle-focused development with many innovative and first time in Mumbai features, like the Rooftop Skywalk connecting all five towers, Drone Delivery services, a first-of-its-kind offering in Mumbai, designed to provide residents with elevated recreational and community spaces.

“For homebuyers, possession is the real milestone. This handover marks the culmination of a long journey shaped by countless hours and hands with dedicated effort. It’s a transition from construction to community living. More than just homes, these spaces open doors to infinite possibilities.

And as residents move in, it marks the beginning of a new chapter together. This development has been envisioned to offer more than just housing, as it brings together design, connectivity and lifestyle in a rapidly evolving micro-market like Wadala. The introduction of features such as the Rooftop Skywalk, a first in Mumbai, is part of our effort to reimagine how residents engage with shared spaces in high-rise living”, said Mr Samyak Jain, Director, Siddha Group.

Siddha Sky is designed as a lifestyle-led residential development where residents will have access to a curated suite of amenities including a 22,000 sq ft residents’ club, home in the forest, sanctuary pavilion, celestial lobby, etc., along with retail conveniences within the development.

The handover of Phase 1 reflects continued momentum in project execution, with the remaining phases expected to be delivered in line with construction progress.

India’s legacy wellness brand, Cura, introduces preventive healthcare solutions for modern health needs

Precious Metals Shine as Investors Seek Safety Amid Global Uncertainty

July 21: Gold and silver prices continued their upward movement as investors turned towards precious metals amid rising concerns over geopolitical tensions in the Middle East and uncertainty in global markets.

The increase in demand reflects a cautious approach among investors who are looking for stable assets during periods of economic and political uncertainty. Gold, widely regarded as a traditional safe-haven investment, has seen renewed interest as market participants seek to protect their wealth from potential risks.

Silver prices also recorded gains, supported by strong investor interest and steady industrial demand. The metal’s growing use in sectors such as renewable energy, electronics, and manufacturing has continued to support its long-term appeal.

Market analysts said that global developments, currency movements, inflation concerns, and expectations around monetary policies are influencing precious metal prices. In times of uncertainty, investors often increase their exposure to gold and silver as these assets are considered relatively resilient during market fluctuations.

Experts believe that the future direction of precious metal prices will depend on how geopolitical situations evolve, along with key economic data and decisions by major central banks worldwide.

The latest rise in gold and silver prices highlights the continued role of precious metals as a trusted investment choice, offering stability and confidence to investors navigating an uncertain global environment.

TVS Credit registers growth of 31 percent in disbursement and 15 percent in PAT; reports PAT of Rs. 208 crores for Q1 FY2026–27

Bengaluru, 21st July: TVS Credit Services Limited, part of TVS VENU and one of India’s leading NBFCs, announced its financial results for the first quarter ended 30 June 2026. The Company registered a 31% growth in disbursements in Q1 FY27 compared to Q1 FY26. TVS Credit reported a Total Income of Rs. 1,918 crores for Q1 FY27, a growth of 13% from Q1 FY26, and a Profit after Tax of Rs. 208 crores for Q1 FY27, a growth of 15% compared to the same period last year. 

Q1 FY27 Highlights:

• AUM stood at Rs. 32,053 crores as on 30^th June 26, a 19% growth compared to 30^th June 25.
• Total Income for Q1 FY27 was Rs. 1,918 crores, a 13% growth compared to Q1 FY26.
• Profit after Tax was Rs. 208 crores for Q1 FY27, a 15% growth compared to Q1 FY26. 

In Q1 FY27, TVS Credit reported sustained growth in disbursements, supported by improved consumption demand and traction across key retail financing segments. Consumer durables financing growth was driven by higher discretionary spending and premiumisation, increased reach and penetration. The two-wheeler category witnessed strong demand, due to steady semi-urban and rural participation, and marriage season buying along with increase in electric vehicles growth. 

During the quarter, TVS Credit continued to enhance its capabilities in AI, data & analytics, and technology to drive better risk assessment, customer experience, and operational efficiency. The company further expanded its presence across semi-urban and rural India, increasing its network to nearly 62,000 touchpoints across the country. 

In Q1 FY27, the Company disbursed loans to over 14 lakh new customers, bringing its total customer base to nearly 2.6 crore. 

India’s Real Estate Market Attracts Dollar 1.9 Billion Institutional Investment in April-June Quarter

July 21: India’s real estate sector continued to attract strong investor interest, with institutional investments reaching $1.9 billion during the April-June quarter, reflecting growing confidence in the country’s property market and its long-term growth prospects.

The investment momentum highlights the strength and resilience of the sector, supported by rising demand for quality housing, commercial spaces, infrastructure development, and emerging real estate opportunities across major cities.

Industry experts believe the steady inflow of institutional capital signals increased trust in India’s real estate ecosystem. Investors are increasingly looking at the sector as a long-term growth opportunity, driven by urbanisation, expanding business activity, and the growing need for modern infrastructure.

The rise in institutional participation has also been supported by improved transparency, regulatory reforms, and a more organised real estate environment. These developments have encouraged both domestic and international investors to explore opportunities across residential, office, logistics, and other real estate segments.

The continued investment flow is expected to support the sector’s expansion while contributing to economic growth, job creation, and infrastructure development. As India’s cities continue to grow, the real estate industry remains a key driver of the country’s economic progress.

The latest investment figures underline the positive outlook for Indian real estate and demonstrate sustained investor confidence in the sector’s future potential.

Indian Equity Markets Open Flat Amid Middle East Tensions, Softer Crude Prices

July 21: Indian equity markets began Tuesday’s trading session on a subdued note, with benchmark indices opening largely flat as investors weighed persistent geopolitical tensions in the Middle East against the positive impact of declining crude oil prices. The cautious start reflected a balanced market sentiment, with participants closely tracking global developments while assessing their potential implications for economic growth, inflation, and corporate earnings.

Market activity remained range-bound during the opening hours, as buying interest in select sectors was offset by profit-booking in others. Investors largely refrained from taking aggressive positions, preferring to await greater clarity on the evolving geopolitical landscape and its possible impact on international financial markets.

The recent moderation in crude oil prices offered a measure of support to domestic equities. As one of the world’s largest importers of crude oil, India typically benefits from lower energy prices, which help reduce import costs, ease inflationary pressures, improve the current account balance, and create a more favourable environment for economic growth. Softer oil prices also provide relief to sectors that are heavily dependent on fuel and transportation costs, contributing to improved business sentiment.

Despite this positive development, concerns surrounding the Middle East continued to influence investor behaviour. Ongoing uncertainty in the region has heightened caution across global financial markets, with investors remaining attentive to any developments that could disrupt energy supplies, affect commodity prices, or increase market volatility. Such geopolitical risks often encourage investors to adopt a defensive investment strategy until greater stability emerges.

Domestic investors also remained focused on broader macroeconomic indicators, including inflation trends, corporate earnings, foreign institutional investment flows, and expectations surrounding monetary policy. These factors are expected to play a significant role in shaping market direction in the coming weeks alongside international developments.

Analysts believe that while short-term market movements may remain influenced by global events, India’s underlying economic fundamentals continue to provide resilience. Strong domestic consumption, sustained infrastructure spending, healthy corporate balance sheets, and ongoing policy reforms are expected to support long-term growth prospects.

Going forward, market participants are likely to monitor geopolitical developments, movements in global crude oil prices, and key economic data releases for further cues. Until greater certainty emerges, Indian equity markets may continue to witness cautious trading, with investors maintaining a balanced approach while navigating an evolving global environment.

Attero Achieves ISO-Verified Life Cycle Assessment for Recycled Metals

New Delhi, July 21: Attero, India’s largest critical minerals firm and the world’s most technologically advanced urban miner, has successfully completed an independently verified Life Cycle Assessment (LCA) in accordance with ISO 14040:2021 and ISO 14044:2021 standards, establishing scientifically validated environmental performance data for metals recovered through its e-waste and lithium-ion battery recycling operations. 

The milestone enables Attero to provide customers with product-specific, independently verified environmental data for recycled metals, allowing them to accurately measure and compare the environmental benefits of urban mining against conventional virgin mining. At a time when global industries are facing increasing pressure to improve supply-chain sustainability, strengthen ESG reporting, and reduce Scope 3 emissions, access to credible environmental data is becoming an essential component of procurement and sourcing decisions. 

Life Cycle Assessment is globally recognised as the most comprehensive methodology for evaluating a product’s environmental footprint. Using internationally accepted scientific methodologies, Attero‘s assessment quantifies the environmental impacts associated with recovered metals including aluminium, copper, iron, zinc, tin, silver and gold across a broad range of environmental indicators such as carbon footprints, resource depletion, acidification, eutrophication, ecotoxicity, human toxicity and fossil resource consumption as compared to the virgin mined metals. 

“The circular economy requires more than recycling; it requires measurable proof of environmental impact. This independently verified Life Cycle Assessment allows us to provide customers with scientifically validated environmental data for the metals we recover, enabling informed sourcing decisions and stronger sustainability reporting. As industries worldwide seek to reduce their environmental footprint and secure responsible sources of critical materials, verified environmental performance will become increasingly important alongside quality, purity and traceability. This milestone reinforces the role of urban mining as a scalable and sustainable source of critical minerals for the global economy,” said Mr. Nitin Gupta, Co-Founder and CEO, Attero. 

The assessment enables transparent, like-for-like comparison between metals recovered through urban mining and those produced through conventional mining. Rather than relying on industry averages or generic sustainability claims, customers can now access independently verified environmental performance data that helps quantify the environmental advantages of choosing recycled materials over virgin alternatives. 

The verified data can support a wide range of sustainability and compliance requirements, including ESG disclosures, Scope 3 emissions accounting, green procurement programmes, product environmental declarations and broader environmental reporting obligations. As regulatory frameworks and investor expectations continue to evolve, the ability to demonstrate measurable environmental performance is becoming a key differentiator across global supply chains. 

Attero has built its leadership in critical minerals recovery through sustained investments in technology and innovation. The company holds 50+ global patents and has developed proprietary processes for extracting valuable metals and critical materials from complex waste streams. Its advanced recycling technologies deliver industry-leading 98% recovery efficiency and purity levels above 99.9% while creating a domestic source of strategic materials such as lithium, cobalt, nickel, graphite, copper, gold and silver, reducing dependence on conventional mining and imported resources. 

This achievement further strengthens Attero‘s position at the forefront of the circular economy, where every tonne of recovered metal is supported not only by advanced recycling technology but also by independently verified environmental intelligence. For customers, it brings a new level of transparency, credibility and confidence to sustainable sourcing decisions, while helping accelerate the transition towards more resource-efficient and climate-conscious supply chains. 

Building Safe, Happy Connections: Polycab Expands People-first initiatives at Puri Rath Yatra

Odisha, 21 July: Polycab India Limited, India’s No. 1 wires and cables company, has strengthened its commitment to devotees attending the Jagannath Puri Rath Yatra by expanding its community-centric initiatives.

Returning to the Jagannath Puri Rath Yatra for the second consecutive year, Polycab is deepening its association with one of India’s largest spiritual gatherings through a range of people–first initiatives designed to enhance the safety, comfort and overall experience of millions of devotees.

Building on last year’s association, Polycab has expanded its initiatives to support devotees throughout their pilgrimage by creating a welcoming arrival experience, enabling connectivity, providing spaces for rest and reinforcing safety. These initiatives are inspired by the company’s purpose of “Building Safe, Happy Connections”—a philosophy that extends beyond products and infrastructure to creating meaningful impact in the communities it serves.

As part of the initiative, Polycab has installed prominent milestone branding and a 3D welcome gate to welcome devotees as they enter Puri. Reinforcing its commitment to safety, the company is supporting lifeguards and volunteers with branded life jackets and watchtowers along the coastline. Understanding the needs and challenges faced by devotees during the pilgrimage, Polycab has also introduced a dedicated Cool Zone, offering a comfortable space for elderly devotees and children to rest and recharge.

Further enhancing convenience for devotees, Polycab has deployed solar-powered mobile charging stations across strategic locations, enabling pilgrims to stay connected with their families throughout their journey. Complementing these initiatives are ambient media installations across Puri that celebrate the spirit of the festival while reinforcing Polycab‘s longstanding commitment to community engagement. 

Shwetal Basu, Senior Vice President – Brand & Marcom, Polycab India Ltd., said, “The Jagannath Puri Rath Yatra is much more than a festival; it is a powerful expression of faith, community and human connection. At Polycab, our purpose is to build safe, happy connections that empower lives, and we believe that purpose must come alive wherever people gather and communities thrive. Our initiatives this year have been designed to support devotees in simple yet meaningful ways—through safety, comfort and connectivity. As we continue our association with the Rath Yatra, our effort is to contribute positively to the devotee experience and the communities we serve.”

Polycab‘s continued presence at the Rath Yatra reflects the company’s broader philosophy of creating purposeful brand experiences rooted in community service, cultural relevance and innovation. Through initiatives focused on public comfort, safety and connectivity, the company aims to contribute meaningfully to one of India’s most iconic festivals while reinforcing its commitment to building stronger connections with communities across the country.

ALLEN Leads India’s Golden Sweep at International Chemistry Olympiad

Kota, 20^th July: ALLEN Career Institute continues to bring glory to the nation in official International Olympiads. Following the recent success at the International Physics Olympiad (IPhO), ALLEN Career Institute students have now secured 3 out of 4 Gold Medals at the International Chemistry Olympiad (IChO). With 4 Gold Medals, India, China, and Vietnam jointly secured Rank-1 among 93 participating countries in the International Olympiad. Prime Minister Narendra Modi congratulated the students on this achievement.

The 58th International Chemistry Olympiad (IChO) 2026 final was held in Tashkent, Uzbekistan, from 10 to 19 July. ALLEN classroom students Debadatta Priyadarshi and Harshit Singla, both Class 11 students, and Kabir Chhillar, a Class 12 student, won Gold Medals as members of the Indian team. Kabir Chhillar, who studied at ALLEN Kota, had secured All India Rank-2 in JEE Advanced 2026. Debadatta Priyadarshi is a classroom student of ALLEN Kota for JEE-Advanced preparation.

Congratulating the students and parents on this achievement, ALLEN CEO Nitin Kukreja said that this accomplishment belongs not only to ALLEN but to the entire nation. It is India’s finest performance in this official Olympiad over the last 27 years. It is also the first time that three students from a single institute have won Gold Medals. This achievement further motivates us. We are continuously setting new benchmarks in the field of quality education. So far, ALLEN students have won 191 medals in various official Olympiads, including 93 Gold Medals.

A total of 363 participants from 93 countries took part in the Olympiad. According to the Homi Bhabha Centre for Science Education (HBCSE), India has been participating in this Olympiad for the last 27 years. This year’s result is India’s best-ever performance. It is also the first time in the history of the Chemistry Olympiad that three students from a single institute ALLEN have won Gold Medals.

This official Olympiad is conducted in four stages. The first stage, the National Standard Examination in Chemistry (NSEC), was conducted by the Indian Association of Physics Teachers (IAPT), in which 189 ALLEN students qualified for the second stage. Thereafter, in the second stage, the Indian National Chemistry Olympiad (INChO), conducted by the Homi Bhabha Centre for Science Education (HBCSE), 16 ALLEN students qualified for the third stage. The third stage, the Orientation-cum-Selection Camp (OCSC), was then conducted, following which the four-member Indian team was selected to represent the country, with three students from ALLEN. The fourth and final stage, the 58th International Chemistry Olympiad, was held in Tashkent, Uzbekistan, where all four members of the Indian team won Gold Medals, including three from ALLEN.

Markets End Lower as Financial Stocks Drag Sensex and Nifty

Mumbai, July 20: Indian stock markets closed in negative territory as continued selling in financial sector stocks weighed on benchmark indices, with the Sensex and Nifty ending the session lower.

Investor sentiment remained cautious amid pressure on banking and financial shares, while broader market movements were influenced by global trends and sector-specific factors.

Market participants closely monitored developments across key sectors as investors adjusted their positions in response to changing market conditions.

Analysts said near-term market direction will depend on corporate updates, economic indicators, and global cues.

The decline reflected cautious trading activity, with financial stocks emerging as the key factor behind the market’s subdued performance.