Category Archives: Business

Iron Mountain to acquire Capital Record Centre Private Limited

Mumbai, IN – August 7, 2025 – Iron Mountain (NYSE: IRM) today announced a definitive agreement to acquire Capital Record Centre Private Limited, a leading digitization services and records management company in India.This acquisition significantly strengthens Iron Mountain’s position as a leading player in the industry and expands its capabilities within India’s rapidly growing market.

“Capital Record Centre Private Limited’s robust market position, extensive infrastructure and deep customer relationships are an ideal enabler of our strategic growth initiatives in India,” said Arvind Subramanian, EVP & GM, India, Iron Mountain. “This acquisition solidifies our standing as a leader in digital solutions and records management and offers our Insight Digital Experience (DXP) platform capabilities to a broader range of customers. We are thrilled to benefit from Capital Record Centre Private Limited’s expertise and strong customer relationships. This enables us to deliver even greater value to our customers via Iron Mountain’s full range of offerings.”

Antara Cruises Joins Serandipians, the Exclusive Network of Luxury Travel Designers

New Delhi, 7 August 2925 – Antara Cruises, India’s pioneering luxury river cruise line, is pleased to announce its partnership with Serandipians, a distinguished global network of bespoke travel designers, luxury hotels, and curated experiences. This collaboration marks a significant milestone in Antara’s ongoing journey to redefine luxury travel in India and elevate its offerings to a discerning international clientele.

Serandipians is renowned for curating the world’s most refined collection of luxury brands and experiences. Membership is by invitation only, reserved for companies that uphold the highest standards of bespoke service, creative excellence, and authentic storytelling—qualities that Antara Cruises embodies through its elegant river journeys across India’s most iconic waterways.

“We are proud to join the Serandipians community, as it represents a shared commitment to delivering extraordinary, culturally immersive experiences,” says Raj Singh, Chairman of Antara Cruises.“This partnership opens new pathways for global travelers seeking authentic, intimate, and transformational voyages, directly connecting them with India’s rich heritage from a truly luxurious vantage point.”

Antatra Cruises’ meticulously designed all-suite vessels offer a seamless blend of heritage, sustainability, and refined elegance. Curated itineraries explore UNESCO World Heritage sites, immersive excursions, and authentic cultural encounters, showcasing India’s diverse heartland through an exceptional lens.

As a part of the Serandipians network, Antara will collaborate closely with top luxury travel designers worldwide and travel trade partners to craft tailor-made journeys, providing heightened visibility within the high-end travel sphere and reinforcing India’s position as a premier destination for river cruising.

Advaiya Launches Account 360 for Dynamics 365 Sales on Microsoft AppSource

National:  Advaiya is excited to announce the availability of Account 360 on Microsoft AppSource, empowering businesses with instantly accessible, intelligent account dashboards embedded directly into Dynamics 365.

By eliminating the need to switch between screens, Account 360 delivers a unified view of account metrics such as revenue trends, opportunity statuses, and key contacts right within the native CRM environment.

Key features:

• Dynamic KPI visualizations: View interactive cards that display win/loss opportunities, contacts related to key accounts, and account statistics such as number of leads, revenue, and total estimated revenue from open opportunities.

• Centralized account overview: Access contacts, open opportunities, and closed deals from a single embedded tab built natively for Dynamics 365.

• Effortless exploration: One-click filters let users drill down by contact or opportunity status, with an option to clear filters and reset the view.

• Modular integration: A configurable web resource or iFrame enables seamless reuse of the dashboard across Dynamics modules and custom pages.

What’s in it for Your Teams?

• • Sales teams gain laser-sharp focus by instantly visualizing new leads, opportunity value, and the next steps speeding up deal qualification.

  • Marketing teams benefit from accurate account engagement data and full visibility into contacts, and their open deals fueling smarter campaign targeting.

  • Customer service teams access comprehensive account histories and linked records, enabling faster, more personalized support.

• Across the organization, team efficiency soars thanks to reduced clicks, consolidated data, and a single source of truth embedded in the CRM.

Why is Account 360 a game-changer?

Traditional CRM workflows often scatter critical data across multiple screens, slowing teams and risking missed opportunities. Account 360 changes by surfacing everything you need- healthy pipeline metrics, responsive contacts, and revenue insights- in one place. Built natively on Dynamics 365, it’s easy to deploy, scalable across business units, and ready for customization.

Account 360 is now officially listed on Microsoft AppSource, open for trial and immediate deployment. Transform your CRM with smarter account visibility. Explore Account 360 on Microsoft AppSource today or get in touch with Advaiya to request a personalized demo at www.advaiya.com.

New Relic Bolsters Asia Pacific Partner Momentum with M.Tech Partnership and New Channel & Alliances Lead

Bangalore, India – 7th August, 2025 — New Relic, the Intelligent Observability company, has announced that it has partnered with M.Tech, a leading cybersecurity and network performance solutions provider, to accelerate growth in Singapore and the wider Asia Pacific region. The partnership will see M.Tech offer New Relic’s market leading intelligent observability platform to over 1,000 resellers, providing customers with comprehensive solutions combining AI-strengthened intelligent observability and cybersecurity.   

The M.Tech partnership will operate under a two-tier distribution and reseller model, which will expand the reach and accessibility of New Relic’s platform through established distribution channels. This approach will deliver enhanced customer support based on regional or sector-specific requirements. The partnership also delivers efficiency and scalability via M.Tech-approved resellers who empower enterprises to effectively deploy, integrate, and optimise New Relic solutions within their unique environments.

“We selectively partner with market leading vendors who are established in their field. New Relic’s industry-leading intelligent observability platform was a clear strategic fit,” said M.Tech Executive Director Foo Fang Yong. “This partnership will enable our resellers to offer holistic observability and cybersecurity solutions, adding significant value to our existing portfolios while driving growth for new customers looking to adopt cutting-edge technological solutions.”

Observability has become mission critical for organisations to reduce cloud costs, enhance customer experiences, and gain valuable insights. According to IDC’s Asia Pacific Whole Cloud Forecast, cloud spending in the region is set to grow at a CAGR of 17.3%, reaching $329.1 billion by 2027. New Relic’s intelligent observability platform helps businesses address rising cloud costs and the challenge of managing multiple tools, all while improving customer experiences and optimising operations. 

“In a region as culturally diverse as Asia-Pacific, partners like M.Tech play an invaluable role in connecting and enabling customers to access best-in-class technology,” said New Relic Channel Chief and Group Vice President of Partners and Alliances, Larissa Crandall. “The combination of M.Tech’s deep experience in the cybersecurity market with New Relic’s intelligent observability platform will provide customers in Singapore and beyond with industry leading solutions that deliver real-time insights to optimise performance, drive innovation, and deliver exceptional customer experiences.”

The new partnership follows the recent appointment of Kenny Tan as Director of Alliances and Channels Asia Pacific and Japan (APJ), as well as enhancements to the New Relic Partner Program. Based in Singapore, Tan brings 20 years of channel sales experience in the region to the role, where he will be responsible for strengthening relationships with existing core partners, while improving collaboration through enablement and co-marketing opportunities. 

Learn more about how partners can drive business growth and unlock new revenue opportunities with our award-winning New Relic Partner Program.

NetApp Accelerates VMware Migrations with Amazon Elastic VMware Service Integration

India, August 7, 2025 – NetApp, the intelligent data infrastructure company, announced that Amazon FSx for NetApp ONTAP is now a supported external storage option for Amazon Elastic VMware Service (Amazon EVS) on Amazon Web Services (AWS). Amazon EVS, now generally available, is a new AWS service that allows users to run VMware Cloud Foundation (VCF) directly within their Amazon Virtual Private Cloud (Amazon VPC), alongside other applications. With Amazon EVS, organizations can quickly migrate VMware workloads to AWS to seamlessly extend and expand their VMware environments and unlock business agility and transformation.

This integration with Amazon EVS combines NetApp’s proven, secure data management and protection capabilities with AWS’s scale, resilience, and performance, allowing customers to simplify and accelerate their AWS migration without re-platforming or re-factoring their existing applications or changing their data management workflows.

Migrating mission critical workloads to the cloud can help businesses drive transformation by eliminating aging infrastructure, reducing operational costs, and meeting critical business timelines, but they need an effective data strategy to avoid introducing new challenges such as unexpected costs, sprawling IT environments, and fragmented services. As the only enterprise storage solution provider with a first-party data storage service natively built on AWS, NetApp is uniquely equipped to help customers accelerate modern workloads in the cloud by offering enterprise storage solutions natively built on AWS. Customers have been able to reduce costs by 50 percent after adopting Amazon FSx for NetApp ONTAP®. Using FSx for ONTAP to migrate and manage their VMware environments enables customers to leverage Intelligent Data Infrastructure to improve migration planning and decrease total cost of ownership with built-in data management capabilities.

“Customers utilizing Amazon EVS with FSx for ONTAP can now enjoy the same data efficiency, protection, and automation they trust on-premises,” said Pravjit Tiwana, Senior Vice President and General Manager, Cloud Storage at NetApp. “Through our collaboration with AWS, we’re making it easier to move critical workloads to the cloud and manage them at scale.”

“We foresee incredible benefits for Asia Pacific enterprises with the launch of Amazon EVS.  The native integration of Amazon FSx for NetApp ONTAP into Amazon EVS elevates the security, efficiency and performance of VMware workloads whilst reducing the TCO for our customers,” said Matthew Swinbourne, CTO Cloud Architecture at NetApp Asia Pacific.  “With this launch, APAC organizations can achieve the flexibility, performance, and cost benefits that they need to accelerate their cloud ambitions.”

To better support customers as they manage advanced workloads in the cloud, NetApp has released capabilities including:

• Amazon FSx for NetApp ONTAP support for Amazon EVS: Amazon EVS, the new self-managed cloud solution for VMware from AWS, is now generally available, and FSx for NetApp ONTAP is a supported storage option. Amazon EVS automates and simplifies deployments and provides a ready-to-use VCF environment on AWS. This allows VMware administrators to quickly migrate VMware-based virtual machines to AWS using the same VCF software and tools they already use in their on-premises environment. Using FSx for ONTAP as external storage for the Amazon EVS environment reduces overhead by providing advanced data management and protection functionality, reducing total cost of ownership and increasing cyber resiliency.

• Migration advisor for Amazon EVS workloads: The migration advisor feature of BlueXP workload factory for AWS now supports Amazon EVS workloads, helping simplify and speed up migration processes. Customers can now automate the discovery of on-premises virtual machines, provisioning of FSx for ONTAP, and placement of datastores in Amazon EVS.

• Expanded VMware disaster recovery support in BlueXP: BlueXP disaster recovery for VMware now integrates with Amazon EVS, leveraging FSx for ONTAP storage as a reliable disaster recovery target. Supported datastore options include NFS (file-based) and VMFS (block-based) via the iSCSI protocol, ensuring versatile and efficient disaster recovery solutions.

• Enhanced ransomware protection features: Further enabling customers to protect Amazon EVS workloads, NetApp ONTAP autonomous ransomware protection (ARP) for FSx for ONTAP is used to detect and respond to ransomware events in real time. Additionally, NetApp BlueXP ransomware protection service supports FSx for ONTAP to help customers with comprehensive orchestration of their defense against ransomware events. Enabling these features to support workloads natively in AWS helps protect customer data and minimize downtime by proactively detecting ransomware at the storage layer across the hybrid cloud.

Xtravirt, a NetApp Preferred Partner and an AWS partner, believes these latest announcements will come as good news to businesses looking to migrate VMware workloads to public cloud. “Enabling support for FSx for ONTAP on Amazon EVS gives customers more granular control over the data powering some of their most important workloads,” said Robin Gardner, CCO at Xtravirt. “Customers will be able access NetApp’s advanced data management functionality to reduce the overhead of managing virtual environments and more efficiently and securely manage hybrid deployments.”

No ransomware detection or prevention system can completely guarantee safety from a ransomware attack. Although it’s possible that an attack might go undetected, NetApp technology acts as an important additional layer of defense.

Medistep Healthcare Eyes ₹16.09 Crore Fundraise to Acquire New Plant & Machinery

Mumbai, India, August 7, 2025: Medistep Healthcare Limited is set to raise approximately ₹16.09 crore through its upcoming fixed-price Initial Public Offering (IPO), with the primary objective of strengthening its manufacturing infrastructure through the acquisition of advanced plant and machinery.

A significant portion of the IPO proceeds will be allocated toward the acquisition and installation of state-of-the-art equipment at the company’s existing manufacturing facility in Kheda, Gujarat. At the core of this investment is a fully automated, high-speed sanitary pad production line, capable of producing up to 500 pads per minute. This integrated line features raw material feeding, embossing, adhesive application, and inline quality inspection within a single, streamlined workflow.

Additionally, the company will commission a twin‐shaft ribbon blender with vacuum‐sealed hoppers and an integrated volumetric filler from DEF Tech Industries. This system will enable precise and hygienic blending and packaging of energy powder sachets at speeds of up to 200 units per minute. To enhance the secondary packaging process, three modular tri‐axis flow‐wrap machines will also be installed. These machines are equipped for automatic bag feeding, sealing, date-coding, and stacking, thereby increasing throughput and significantly reducing manual processes.

The capital expenditure also covers plant-floor modifications, utility installations, operator training, and warranty support. All systems are expected to be fully operational and certified within three months of their scheduled delivery in Q4 FY26. This strategic infrastructure upgrade is projected to increase overall manufacturing capacity by approximately 30% over the next 12 months, markedly improving production efficiency, product quality, and the company’s responsiveness to growing market demand.

A portion of the funds will also go toward bolstering working capital to ensure uninterrupted raw material procurement and optimal inventory levels. Remaining proceeds will be used for general corporate purposes and expenses related to the IPO.

“The funds raised will support our next phase of growth by strengthening our manufacturing capabilities and supporting market expansion,” said Mr. Girdhari Lal Prajapati, Managing Director of Medistep Healthcare Limited.

Under the IPO, Medistep will issue up to 37,44,000 equity shares of face value ₹10 each at a fixed offer price of ₹43 per share. The offer opens for subscription on August 8, 2025, and closes on August 12, 2025, with a minimum lot size of 3,000 shares. A total of 17,79,000 shares are reserved for retail investors, 17,76,000 shares for non-institutional investors, and 1,89,000 shares for the market maker. Fast Track Finsec Private Limited is the lead manager to the issue, and Cameo Corporate Services Limited will serve as the registrar. The company’s shares are proposed to be listed on the NSE Emerge platform on August 18, 2025.

Founded in June 2023, Medistep Healthcare has quickly established a pan-India distribution network for a diversified portfolio of pharmaceutical, nutraceutical, surgical, and intimate-care products. The company reported revenue of ₹4,965.48 lakh in FY25, up from ₹3,907.19 lakh in FY24. Profit after tax grew to ₹414.42 lakh from ₹332.76 lakh year-over-year. Following the IPO, Medistep’s equity share capital will increase from 1,04,65,546 to 1,42,09,546 shares, implying a projected market capitalisation of ₹61.10 crore.

India’s Fitness Industry Gets a Boost as Alphalete Launches with Sonu Sood

New Delhi, 7th August, 2025: Alphalete Premium, a new direct-to-consumer supplement brand was officially launched in India recently. The event brought together fitness lovers, industry professionals, and health experts, marking a fresh step toward making high-quality health supplements accessible across the country.

The highlight of the event was the presence of actor and humanitarian Sonu Sood, who attended as the Guest of Honour. He also launched the official Alphalete India website, making the brand’s products available to customers nationwide. Speaking at the event, Sonu Sood said, “Health and fitness are very important today, but so is honesty in what we consume. I support Alphalete’s mission because India’s fitness industry needs authentic, trustworthy supplements. It’s time we focus on clean products with real quality.”

Alphalete focuses on offering US-sourced, third-party lab-tested supplements without any middlemen ensuring high quality and fair prices. Alphalete announced partnerships with international supplement brands like Species Nutrition, Performax Labs, Eminent Nutrition, and Blackstone Labs. These tie-ups will bring global standards to Indian customers, ensuring both quality and performance.

Suresh Shukla, Founder & CEO of Alphalete, and Sravan Ghanta, Co-Founder & CFO, shared that India now needs reliable, affordable nutrition more than ever, especially as more people turn to supplements. They emphasised the use of cutting-edge technology and global manufacturing practices to ensure safety and performance. Speaking on the occasion, they explained, “In today’s market, many people are confused about what’s safe to use. We want to make things simple which is clean products, honest pricing, and clear information. Alphalete is not just a brand, but a movement toward healthier living.”

Addressing concerns about rising cases of heart attacks, especially among young fitness enthusiasts, they added, “Supplements are safe when used the right way and with expert advice. At Alphalete, all our supplements are tested and meet international standards. We always suggest people talk to a doctor, get regular checkups, and never rely only on supplements. A healthy lifestyle matters most.”

Alphalete’s goal is to redefine health and wellness in India by offering products that people can depend on. The brand caters to fitness enthusiasts, athletes, and everyday consumers looking for supplements they can trust.

Algoquant Fintech Declares Record Date for Value-Enhancing Stock Split and Bonus Issue

Delhi , August 6, 2025

Algoquant Fintech Limited (BSE: 505725), a prominent player in the fintech industry, today announced that it has fixed Monday, August 18, 2025, as the Record Date for two major corporate actions: a sub-division (stock split) of its equity shares and the issuance of bonus shares to shareholders. These actions reflect the Company’s commitment to driving inclusive shareholder benefits, improving market participation, and reinforcing investor confidence.

In accordance with Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable legal provisions, the Board of Directors of the Company has approved the following corporate initiatives:

1. Sub-Division (Stock Split) of Equity Shares

Each existing equity share of ₹2/- (Rupees Two only) fully paid-up will be sub-divided into 2 (two) equity shares of ₹1/- (Rupees One only) each, fully paid-up. This step is aimed at increasing the liquidity of the Company’s shares in the stock market and making them more affordable for retail and small investors.

The stock split will result in a proportional increase in the number of shares held by shareholders without altering their overall value of investment. This is expected to boost trading activity, widen the shareholder base, and contribute to better price discovery and enhanced investor interest in the Company’s stock.

2. Issuance of Bonus Shares

In addition to the stock split, the Company has also approved the issuance of Bonus Shares in the ratio of 8:1, i.e., 8 (eight) new fully paid-up equity shares of ₹1/- each for every 1 (one) existing fully paid-up equity share of ₹1/- held by eligible shareholders on the Record Date.

The issuance of bonus shares is a clear reflection of the Company’s strong financial health, consistent performance, and robust reserves position. This step not only rewards existing shareholders but also serves as a signal of management’s confidence in the Company’s future growth trajectory.

Objectives and Expected Impact

The twin corporate actions are designed with a strategic objective to:

* Reward long-term shareholders with a significant increase in shareholding at no additional cost
* Increase accessibility for new investors by reducing the face value and market price per share
* Enhance liquidity in the equity shares of the Company
* Encourage wider participation in the Company’s equity, especially among retail and first-time investors
* Strengthen shareholder engagement and market perception

These decisions underscore the Company’s unwavering focus on delivering sustained shareholder value and fostering long-term wealth creation.

Management Commentary

Speaking on the announcement, Krishna Kumar Yadav, Company Secretary & Compliance Officer of Algoquant Fintech Limited , stated:

“This is a landmark moment for Algoquant Fintech Limited as we initiate steps that reflect both our financial strength and our desire to include more investors in our growth story. The stock split and bonus issue demonstrate our dedication to shareholder-friendly practices. We are confident that these measures will result in greater investor participation, enhanced stock visibility, and an overall strengthening of our presence in the capital markets.”

MPC Maintains Cautious Stance Amid Global Uncertainty; Liquidity Support Seen Boosting Equities, Capping Yields

Dr. Esha Khanna, Assitant Profressor at School of Economics NMIMS University

The Monetary Policy Committee’s (MPC) current stance and cautious approach is as anticipated and  commendable, even in light of reduced retail inflation, resilient domestic growth, and a downward adjustment of  future inflation forecasts. Nevertheless, the infusion of liquidity, volatile price conditions, and the emergence of mixed signals from high-frequency indicators, coupled with ongoing global uncertainties stemming from recent trade policy changes and new tariffs, have exacerbated existing geopolitical tensions. This situation is expected to adversely affect the manufacturing sector, while the mining sector is already experiencing challenges due to the early arrival of the monsoon, which poses risks to the domestic growth outlook. The transmission of the previously implemented frontloaded repo rate cut and the phased reduction in the Cash Reserve Ratio (CRR) is still in progress, manifesting as lower lending rates that are essential for stimulating the real estate sector and further reviving urban consumption demand. This has had a direct effect on the External Benchmark Lending Rate (EBLR), and the necessary influence on the Marginal Cost of Funds based Lending Rate (MCLR) through deposit lending rates is also observable. The ongoing focus on additional measures, particularly concerning Variable Rate Reverse Repo (VRR) and Variable Rate Reverse Repo Rate (VRRR) auctions, has ensured that both systemic and durable liquidity remain within a comfortable range, among other factors. Overall, as global developments indicate a dampening effect on equity markets due to tariffs, and global currencies exhibit mixed trends with the Indian Rupee (INR) also depreciating, this status quo, along with additional liquidity, is expected to have potently positive influence  on equity markets while keeping the effects on both long-term and short-term yields largely capped.

RBI Holds Rates Steady, Boosting Confidence in Affordable Housing Sector

Shishir Baijal, Chairman and Managing Director, Knight Frank India.

“The RBI’s decision to hold rates steady underscores its calibrated approach amidst a complex economic backdrop. While inflation has moderated, it remains uneven, and the central bank is understandably cautious given the persistent risks from global commodity prices, geopolitical tensions, and volatile capital flows.

 For the real estate sector, the continuation of stable policy rates and surplus liquidity conditions provide much-needed predictability and helps preserve affordability for homebuyers. Notably, some banks have already reduced consumer home loan rates – a move that supports housing demand, especially in the mid-income and low-income segment – and more transmission in interest rates is underway. This policy continuity, coupled with easing credit conditions and steady economic growth can provide a boost to the affordable housing categories.”