Category Archives: Business

Remedium Lifecare Approves INR 100 Crore Fundraise & New Identity to Fuel Growth

Mumbai, October 2, 2025: Remedium Lifecare Ltd., a rapidly growing player in the pharmaceutical supply chain and specialty chemicals sector, has successfully concluded its 36th Annual General Meeting (AGM) and Board Meeting.

At the AGM, shareholders approved the adoption of the audited standalone and consolidated financial statements for FY25. They also approved the re-election of Mr. Mansoor Vahab as Non-executive Director, who retires by rotation.

The management also outlined forward-looking initiatives, including the expansion of global operations through its wholly owned subsidiary, Remlife Global PTE, which will strengthen international trade activities, and entry into the Contract Development and Manufacturing (CDMO) segment to collaborate with leading pharma players and create sustainable long-term value.

Separately, the Board of Directors approved several strategic proposals. These include a proposal to change the company’s name to SUPRA PHARMACHEM LIMITED or any other name as approved by the ROC subject to the approval of shareholders, Stock Exchanges, and other statutory/regulatory authorities as may be required. The Board has also approved an increase in the authorised share capital of the Company from ₹110 crores to ₹210 crores. The Board further approved raising up to ₹100 crores through equity shares, convertible instruments, rights issue, or other permissible securities, in one or more tranches, subject to regulatory approvals.

FY 2024–25 was a year of resilience and steady progress for the company despite industry-wide challenges. However, in Q1 FY 25-26 on a consolidated basis, the company reported Profit After Tax (PAT) of ₹464.88 lacs compared to net loss of ₹204.60 lacs in Mar-25. These results reflect disciplined financial management and a strong commitment to sustainable growth.

Commenting on these developments, Mr. Adarsh Munjal, Managing Director of Remedium Lifecare Ltd., said: “FY25-26 marks an important transition phase for us as we focus on global expansion and strengthen our service capabilities through CDMO opportunities. The Board’s decision to explore a new identity and raise fresh capital underlines our commitment to accelerate growth, enhance shareholder value, and position ourselves strongly in the evolving pharma landscape.”

Remedium Lifecare Ltd. is a fast-growing company engaged in the pharmaceutical supply chain and specialty chemicals segment. With a focus on innovation, operational excellence, and global expansion, the company is committed to delivering sustainable value to stakeholders while contributing to the healthcare ecosystem.

About Remedium Lifecare Ltd:

Founded in 1988, Remedium Lifecare Ltd. is a BSE-listed pharmaceutical company engaged in the trading and distribution of raw material as a supply chain management for the pharmaceutical industry with an emphasis on quality, compliance and global reach, the company continues to expand its presence while playing a pivotal role in India’s pharmaceutical ecosystem

RBI Keeps Repo Rate at 5.50%; Dovish Pause Signals Growth Support: Dr. Poonam Tandon

Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life:

“The RBI unanimously voted to keep the Repo rate unchanged at 5.50% and retained a neutral stance (4-2 votes). The MPC noted that inflation continues to remain benign with projections lowered to 2.6% while revising the real GDP growth projections upward to 6.8% in FY 25-26. The RBI also announced several key measures to strengthen the banking sector and improving credit flows pertaining to ECL provisioning framework, Basel III Capital adequacy norms, risk-based deposit insurance, relaxation in large exposure framework which are majorly positive for the capital markets as well. The Governor concluded that recent macro conditions have opened policy space for supporting growth. Overall, the policy decision seemed like a dovish pause, with an emphasis on data dependence.”

SAVE Solutions Pvt. Ltd. Appoints Mr. Kamlesh Prasad as Group Head – HR

New Delhi, 01st October 2025 – SAVE Solutions Pvt. Ltd. is pleased to announce the appointment of Mr. Kamlesh Prasad as the Group Head of Human Resources. In this capacity, he will drive the Group’s HR strategy with a focus on strengthening its people-first culture, advancing employee development, and supporting the organization’s vision of inclusive excellence.

Mr. Prasad is a seasoned and certified HR professional with over 20 years of experience across the banking, financial services, insurance, and manufacturing sectors. He holds a master’s degree in human resources and brings comprehensive expertise in leadership, HR policy and process design, HR administration, change management, organizational development, HR systems, and employee engagement.

Throughout his career, he has served in senior HR leadership roles with leading organizations including Ananya Finance, Sindhuja Microcredit, AU Small Finance Bank, Pearson, Axis Max Life Insurance Ltd. and Haldiram. His professional journey demonstrates a strong ability to align human capital strategies with business goals, lead organizational transformation, and enhance employee experience.

On his appointment, Mr. Ajeet Kumar Singh, Managing Director & Co-Founder of SAVE Solutions Pvt. Ltd., said:

“We are delighted to welcome Mr. Kamlesh Prasad to the SAVE family. His vast experience and leadership will play a crucial role in strengthening our HR framework and fostering a culture of growth and inclusivity.”

This appointment reflects SAVE Group’s commitment to nurturing talent, building a high-performance culture, and driving sustainable growth through its people.

One Inc Expands Life Insurance Payments Ecosystem Through Partnership With Equisoft

Company Selects PremiumPay® for Best-in-Class Inbound Payments Experience

FOLSOM, Calif.| October 1st 2025 — One Inc, the leading payments network for the insurance industry, today announced a partnership with Equisoft, a global provider of advanced digital solutions for the financial services industry. The collaboration brings together One Inc’s PremiumPay® platform and Equisoft’s industry-leading life insurance policy administration solutions to deliver a frictionless, modern premium payment experience for insurers and their policyholders.

Equisoft, trusted by more than 300 financial institutions globally, will integrate One Inc’s best-in-class solution to help their clients streamline inbound premium payments and drive cost reduction. This optimized process will reduce manual processing, support digital transformation efforts, and enhance the overall experience for all policyholders. PremiumPay will enable insurers to offer a wide range of payment options, including popular consumer platforms like Apple Pay, Google Pay, PayPal, and Venmo, as well as traditional methods.

“Payment modernization is an essential part of delivering cost reduction and enabling a truly digital experience in life insurance,” said François Levasseur, Vice President, Global Alliances & Acquisitions, at Equisoft. “Joining forces with One Inc allows us to provide life insurers with a pre-built and plug-and-play premium payment solution. This out-of-the-box integration enables carriers to digitalize premium collections, therefore enhancing agility as well as driving efficiency to deliver the best possible customer experience.”

“By embedding PremiumPay into Equisoft’s trusted policy administration platform, we’re not just modernizing payment options; we’re addressing the evolving expectations of a new generation of policyholders,” said Ian Drysdale, CEO at One Inc. “Today’s younger consumers demand seamless, digital-first experiences that align with their tech-savvy lifestyles. Our partnership with Equisoft empowers insurers to meet these expectations, ensuring they remain relevant and competitive in an industry undergoing a profound generational transformation.”

This collaboration with Equisoft builds on One Inc’s continued momentum in modernizing life insurance payments.

iLink Digital Strengthens AI and Automation Capabilities with FourNxt Acquisition

Pune, 30 September 2025 – iLink Digital, a global leader in enterprise digital transformation, today announced the acquisition of a majority stake in FourNxt, a HyperAutomation specialist headquartered in Dubai with strong delivery operations in India. This acquisition marks a significant expansion of iLink’s AI and automation capabilities and establishes a new global business unit focused on delivering AI-powered business transformation.

Founded in Dubai and supported by delivery teams in India, FourNxt has emerged as a high-impact consulting firm in the HyperAutomation space. With a 70-member team and an enterprise portfolio spanning the Middle East and Europe, FourNxt has consistently delivered automation, AI, and digital transformation solutions to leading organizations. Its proprietary AI governance and orchestration platform, HyperTransform, has enabled businesses to rapidly scale AI initiatives with accountability, transparency, and measurable outcomes.

Strengthening India and Middle East Presence

With India and the Middle East emerging as one of the fastest-growing markets for AI and automation, this acquisition reinforces iLink’s commitment to the region. FourNxt’s delivery strengths from India will be positioned as a strategic capability within iLink’s global AI Business Solutions unit, powering innovation in Generative AI, Intelligent Automation, and Low-Code Platforms. This move will enable Global, Middle East, and Indian customers to accelerate their AI-led transformation journeys while creating new opportunities for local talent.

Leadership and Integration

Following this acquisition, FourNxt’s leadership team will assume global responsibility for the newly formed AI Business Solutions Unit within iLink Digital. Under this mandate, Karthik Pillai, CEO of FourNxt, will lead the unit as part of iLink’s senior leadership team, along with Gautam Krishnan (CTO/COO), who will drive operational and delivery excellence across geographies.

Speaking on the acquisition, Sree Balaji, Co-Founder and CEO, iLink Digital said, “India is at the heart of the global AI opportunity, and this acquisition allows us to strengthen our presence across India and Middle-East. FourNxt’s AI-first mindset, deep domain expertise, and track record of delivery excellence make them a natural fit for our next phase of growth. Their leadership brings vision and agility, and I’m confident they will shape a world-class global business unit that delivers transformative value to our customers.”

Sharing his thoughts, Karthik Pillai, CEO of FourNxt said, “Joining iLink allows us to scale our impact globally while deepening our presence in India and globally, which is poised to be one of the fastest adopters of enterprise AI. By combining forces, we can build a unified AI Business Solutions unit that integrates automation, low-code, enterprise platforms, and governance – bringing global expertise and local relevance to clients.”

Global and Local Impact

The acquisition enhances iLink’s ability to deliver end-to-end AI transformation programs across North America, the Middle East, Europe, and Asia while significantly deepening its presence in India. Clients will benefit from a more comprehensive suite of solutions, streamlined execution, and enhanced innovation capabilities – all anchored in iLink’s global platform and FourNxt’s regional strengths.

WeWork India Management Limited’s initial public offering to open on Friday, October 03, 2025

Chandigarh, September 30, 2025: WeWork India Management Limited (the “Company”) proposes to open an initial public offering (“Offer”) of its equity shares of face value of ₹10 each (“Equity Shares”) on Friday, October 03, 2025. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Wednesday, October 01, 2025. The Bid/ Offer Closing Date is Tuesday, October 07, 2025.

The Price Band of the Offer has been fixed from ₹ 615 per Equity Share of face value ₹10 each to ₹ 648 per Equity Share of face value ₹10 each. Bids can be made for a minimum of 23 Equity Shares of face value ₹10 each and multiples of 23 Equity Shares of face value ₹10 each thereafter.

The company’s initial public offering comprises an Offer for Sale (“OFS”) of equity shares of up to 46,296,296 equity shares. The offer for sale comprises up to 35,402,790 equity shares by Embassy Buildcon LLP (“Promoter Selling Shareholder”), and up to 10,893,506 equity shares by 1 Ariel Way Tenant Limited (“Investor Selling Shareholder”).

The Offer is being made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process, in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein at least 75% of the Net Offer shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Portion”), provided that our Company in consultation with the Book Running Lead Managers, may allocate up to 60% of the QIB Portion to Anchor Investors, on a discretionary basis (the “Anchor Investor Portion”), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the price at which Equity Shares are allocated to Anchor Investors. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion (excluding the Anchor Investor Portion) (“Net QIB Portion”). Further, 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIB. If at least 75% of the Offer cannot be Allotted to QIBs, then the entire application money will be refunded forthwith. Further, not more than 15% of the Net Offer shall be available for allocation to non-institutional investors (“Non-Institutional Investors” or “NIIs”) (the “Non-Institutional Portion”) of which one-third of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹200,000 and up to ₹1,000,000 and two-thirds of the Non-Institutional Portion shall be available for allocation to Bidders with an application size of more than ₹1,000,000 and under-subscription in either of these two sub-categories of Non-Institutional Portion may be allocated to Bidders in the other sub-category of Non-Institutional Portion in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. The allocation to each Non-Institutional Investor shall not be less than the minimum application size, subject to availability of Equity Shares in the Non-Institutional Portion and the remaining available Equity Shares, if any, shall be allocated on a proportionate basis in accordance with the conditions specified in this regard in Schedule XIII of the SEBI ICDR Regulations.

Further, not more than 10% of the Net Offer shall be available for allocation to retail individual investors (“Retail Individual Investors” or “RIIs”) (the “Retail Portion”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

Further, Equity Shares will be allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids being received from them at or above the Offer Price (net of Employee Discount, if any, as applicable). All Bidders (other than Anchor Investors) shall mandatorily participate in this Offer through the Application Supported by Block Amount (“ASBA”) process and shall provide details of their respective bank account (including UPI ID for UPI Bidders) in which the Bid Amount will be blocked by the SCSBs or the Sponsor Bank(s), as the case may be, to the extent of their respective Bid Amounts. Anchor Investors are not permitted to participate in the Offer through the ASBA process.

The Equity Shares of the Company are proposed to be listed on BSE Limited (“BSE“) and the National Stock Exchange of India Limited (“NSE”) (BSE and NSE together, the “Stock Exchanges”).

JM Financial Limited, ICICI Securities Limited, Jefferies India Private Limited, Kotak Mahindra Capital Company Limited, and 360 ONE WAM Limited are the Book Running Lead Managers (“BRLMs”) to the issue.

All capitalised terms not defined herein would have the same meaning as attributed to them in the RHP.

Indian Entrepreneurs Outspend Global Peers on Luxury and Global Mobility

Indian entrepreneurs outpace their global counterparts on  spends on luxury lifestyles and international mobility HSBC  report reveal

Mumbai, 29th september 2025:Rich entrepreneurs in India are spending their wealth on luxury lifestyle as their optimism and global  outlook help them expand their horizons across borders, according to research from HSBC Private Bank. 

The HSBC’s Global Entrepreneurial Wealth Report 2025 reveals that allocations toward real estate for  personal use (64 per cent), health and wellness (61 per cent), and luxury experiences (59 per cent) are  significantly higher among entrepreneurs in India compared to their global counterparts. 

The report reveals that entrepreneurs in India are overwhelmingly positive about their personal wealth  outlook, with 95 per cent predicting their wealth will grow over the next few years. Among them, 56  per cent believe their wealth will improve significantly, while 39% expect moderate growth. This  optimism is particularly pronounced in markets such as the UK, UAE, India, and Singapore. Key drivers  of this optimism in India are opportunities for new investments and ventures (64 per cent), positive  performance of investment portfolios (56 per cent), favorable economic outlook for the local economy  (54%) and positive business performance (43 per cent). 

When it comes to business outlook, entrepreneurs in India exhibit significant confidence with 98%  expressing positivity. They believe technological advancements and business opportunities will be key  drivers of growth. 

Global mobility 

Entrepreneurs in India have a particularly global outlook, with 73 per cent holding multi-residency  status—significantly higher than the global average of 56 per cent. The vast majority are open to  relocating abroad, with the UK and US emerging as the top destinations, followed by Switzerland, UAE,  and Singapore. 

Among those entrepreneurs looking to make a personal move, the primary motivations for cross  border movements include better quality of life for themselves and their families (78%); access to new

PUBLIC|PUBLIC| 

investment opportunities (75 per cent); and expansion of business into new markets (71 per cent). The  UK is the most popular destination for Indian entrepreneurs looking to move wealth, followed by  Singapore, the US, Switzerland, and the UAE. 

Investment portfolio 

The report shows how wealthy entrepreneursin India have diverse investment portfolios, with a strong  focus on life insurance (73 per cent); property investments, including commercial real estate (58 per  cent); publicly-traded stocks (53 per cent) and private assets (51 per cent). Additionally, 42 per cent of  respondents prioritize charitable donations, reflecting a commitment to giving back to society. 

Challenges in mobility 

Despite their optimism, Indian entrepreneurs face challenges in managing their global operations and  wealth. Key concerns include complexities in managing existing business operations from abroad (50  per cent); visa and residency requirements (49 per cent); and challenges in purchasing property in new  locations (48 per cent). Succession planning also remains a critical area, with 64 per cent expressing  concerns about structuring business transfers effectively. 

Commenting on the research findings, Sandeep Batra, Head of International Wealth and Premier  Banking, HSBC India, said, “Indian entrepreneurs are redefining the global playbook with their  optimism, ambition, and growth mindset. Their investments in luxury lifestyles, global mobility, and  diversified portfolios signal not just confidence in their wealth trajectory but also their readiness to  capitalize on the next wave of global opportunities and deepening international wealth corridors as  globalisation enters a new phase.” 

Historic ‘World Kayastha Conclave 2025’ to be Held in New Delhi on October 23–24

Two-day event at Talkatora Stadium to celebrate heritage, unity, and future leadership of the Kayastha community

New Delhi, September 27, 2025: The All India Kayastha Mahasabha (Regd. 2150, New Delhi) and the Chitransh Chamber of Commerce & Industries (CCCI) today announced that the World Kayastha Conclave 2025 will be held on October 23–24, 2025 at Talkatora Stadium, New Delhi.

Announcing the conclave, National Chairman Dr. Abhishek Verma said it will coincide with the auspicious occasion of Yam Dwitiya (Bhai Dooj), traditionally celebrated with the worship of Lord Chitragupta. He added that the conclave will mark a historic opportunity for the Kayastha community to unite and demonstrate its strength.

The Kayastha community traces its origin to Lord Chitragupta, revered as the celestial accountant of Yamraj, responsible for maintaining the record of human deeds. Over the centuries, Kayasthas have played a central role in administration, diplomacy, education, literature, and governance—from the royal courts of ancient India to the modern bureaucracy and judiciary. Although classified among the upper castes, many scholars believe that the unique identity and role of the community distinguish it as a Varna in its own right, with a tradition rooted in knowledge and governance.

Dr. Verma called upon the estimated 12 crore Kayasthas in India to come together, showcase solidarity, and emerge as a significant political and social force to help position India as a ‘Vishwa Guru’ (World Leader) by 2047, the centenary year of independence.

The conclave will also pay tribute to eminent figures of the Kayastha community, including Swami Vivekananda, Khudiram Bose, Netaji Subhas Chandra Bose, Dr. Rajendra Prasad, Lal Bahadur Shastri, Jayaprakash Narayan, Shrikant Verma, Premchand, Harivansh Rai Bachchan, Gopaldas Neeraj, Biju Patnaik, and Jyoti Basu. A special tribute will be offered to Balasaheb Thackeray, acknowledging his transformative contribution to Indian politics through the founding of Shiv Sena in 1966.

Dr. Verma further announced the institution of the ‘Shrikant Verma Samman’ in memory of his father, the renowned poet and Parliamentarian, the late Shrikant Verma. This award will be conferred annually, carrying ₹21 lakh for Hindi Literature—the highest award in Hindi literature—₹5 lakh for Journalism, and ₹2 lakh each for Art and Performing Arts.

Sharing details of the upcoming conclave, National President and Convener Manish Srivastava said the two-day event is expected to attract over 25,000 participants and will feature a National Talent Search Examination, a Matrimonial Meet, a Mega Job Fair, and Business and Political Workshops. He also announced plans for the installation of an 111-foot statue of Swami Vivekananda and an 81-foot statue of Lord Chitragupta in Kushinagar, Uttar Pradesh.

The World Kayastha Conclave 2025 is envisioned not only as a cultural celebration but also as the beginning of social unity, political awakening, and new leadership within the Kayastha community. With its historic association with knowledge and governance, the community is being called upon to rise as an organized force and contribute to India’s emergence as a global leader by 2047.

The announcement was made in the presence of Poet Vishnu Saxena (President, Literary Cell), National Working President Sunil Nigam, National General Secretary Manoj Srivastava, National Vice President Vivek Kulshrestha, National Executive Women cell President Nishi Kulshrestha and other senior members of the organization.

Curefoods Launches PHAT Burger; Affordable Gourmet Burgers with Bold Flavours

Bengaluru, 27th September 2025 — Curefoods, Bangalore-based, internet-driven multi-brand food services company, today announced the launch of PHAT Burger (Pretty Hot And Tempting), a gourmet burger brand that brings international flavours with a cheeky, youthful edge. The brand has gone live in Bangalore and Delhi-NCR, marking its entry with a reception from young diners.

as an affordable gourmet, PHAT Burger is crafted to make indulgence part of everyday. With premium ingredients, bold flavours, and pocket-friendly pricing, it bridges the wide gap between fast-food chains and hyper-premium burger outlets. Its striking, high-contrast packaging and playful brand voice are designed to cut through the clutter and appeal directly to Gen Z and young professionals, who are driving India’s evolving food culture.

The PHAT menu offers an elevated twist to comfort food — from juicy gourmet burgers and crunchy burger wraps to indulgent appetisers like fries, onion rings, and wings. Each item is built to deliver on taste and presentation while remaining accessible to a wide audience.

Ankit Nagori, Chief Executive Officer, Curefoods, said, “PHAT Burger is built on a simple promise: great-tasting gourmet burgers don’t have to come with an elite price tag. We want to make premium indulgence a daily experience for India’s young consumers. With PHAT, we are giving them bold flavours, playful energy, and quality they can trust — all at prices that work.”

The launch of PHAT Burger strengthens Curefoods’ growing portfolio of F&B brands, reinforcing its mission to build the next generation of Indian F&B experiences.

PHAT Burger is available for delivery exclusively on Zomato and Swiggy in Bangalore and Delhi-NCR.