Category Archives: Business

Realistic Realtors Strengthens Its Leadership Team with the Appointment of Industry Veteran Parminder Singh as Group CTO & COO

Realistic Realtors, a prominent name in India’s commercial real estate advisory sector, has appointed Mr. Parminder Singh as its Group Chief Technology Officer and Chief Operations Officer (CTO & COO). With over 30 years of experience in digital transformation, enterprise technology, and strategic operations, Mr. Singh brings deep expertise that will drive the company’s next phase of growth.

He has held senior leadership roles at global organizations, leading initiatives to improve operational efficiency, build scalable systems, and align digital strategies with business goals. His experience spans automation, innovation, and ecosystem development—skills that will support Realistic Realtors’ expansion and modernization efforts.

As Group CTO & COO, Mr. Parminder Singh will focus on streamlining operations, strengthening digital infrastructure, and enhancing customer experiences through technology and data-driven solutions.

Mr. Parminder Singh, Group CTO & COO, Realistic Realtors, said, “It is an absolute excitement for me to join Realistic Realtors. At a time when the real estate industry is rapidly evolving, my focus will be on integrating advanced technologies to build resilient, agile, and customer-centric systems that support scalable and sustainable growth.”

Mr. Parminder’s appointment highlights Realistic Realtors’ commitment to digital innovation and positions the company for expanded reach, improved services, and sustainable growth in a competitive market.

CA Rushabh Shah Elected Unopposed as President of Chartered Accountants Association, Ahmedabad

Ahmedabad, May 13: The Annual General Meeting of the Chartered Accountants Association, Ahmedabad was held on May 10, where the new office bearers for the year 2025–26 were elected unopposed.

CA Rushabh Shah has been elected as the President, with CA Anjali Chokshi as Vice President, and CA Ashish Sharma and CA Sulabh Padshah as Honorary Secretaries.

Other members elected to the Executive Committee include:

CA Jignesh Shah, CA Ketul Patel, CA Nirav Choksi, CA Vikas Jain, CA Karan Shah, CA Priyam Shah, CA Kushal Talati, CA Shivang Chokshi, and CA Maulik Desai.

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The Chartered Accountants Association, Ahmedabad was established in 1951 and today holds a prominent position among professional bodies across India. It is currently ranked as the third-largest local Chartered Accountants body in the country.

Samsung TV sales cross Rs 10,000 cr in 2024, aims double-digit growth led by premium segment

India – May 12 2025: (PTI) Consumer Electronics major Samsung, whose TV sales crossed the Rs 10,000-crore mark in 2024, is looking for a double-digit growth this year driven by premiumisation with increase in the number of large screen size sets and by democratising new age features as AI technology, a company official said, as reported by Press Trust of India.

 The company now aspires to corner around one-third of the Indian TV market, where the growth is led by the premium segment, which is 55 inches and above screen size, said its Senior Director and Head of VD Business, Viplesh Dang.

 Though 2024 was not a good year for the TV industry, which witnessed a decline in sales, Samsung, a market leader in the segment, is observing “some green shoots” and expects the overall industry to grow with a low single digit.

 “We expect the industry to grow in the low digits, but we will outpace the market growth where we are aspiring for a double-digit growth,” Dang told PTI.

 Samsung, which launched a range of ultra-premium series on Wednesday for 2025, is introducing its Vision AI technology to Indian consumers. It is betting on the fast-growing premium segment, with an expectation of a new level of growth. Samsung Vision AI makes screens smarter, more intuitive and deeply personal.

 “So we are democratising the AI, which will expand to our lineup and give us more sales to grow,” he said, adding that with this range, Samsung will meet the aspirations of consumers, who are not only looking for an upgrade in screen sizes but in terms of technology and features also.

 According to Dang, now an “absolute growth” is coming from a value and volume perspective in the 55-inch and above screen size. Demand for such a large screen premium segment is even growing from smaller tier-II & III cities.

  There is still a section that continues to opt for a mass market and lower-sized screens such as 32 inches, and Samsung is also catering to them.

 “Now, 55 inches has also become a mass segment. Now, the new segment which is arriving is 75 inches and above. And there, when we are bringing 100 inches and 115 inches, we see that the market will upsize itself and create for us the value growth,” he said.

 On being asked about the TV industry in 2024, Dang said last year the market was at 11 million-plus units, volume-wise. “2024 has been a landmark year for Samsung. In value terms, we achieved Rs 10,000 crore as the turnover, becoming the only brand to achieve it, and we now aspire to grow double-digit this year,” he added.

 Samsung’s 2025 lineup of Neo QLED 8K, Neo QLED 4K, OLED, and The Frame TVs starts at Rs 49,490 and goes up to Rs 11 lakh.

 Its AI mode optimises picture quality and sound in real time by using advanced deep-learning algorithms that adapt to both content and ambient surroundings. Besides, AI experience personalises content discovery and settings by learning user preferences.

 Samsung, Vision AI transforms televisions into adaptive hubs, responsive to their environment and user behaviours.

 Its Universal Gesture Control allows users to navigate their Samsung Smart AI TV using simple hand movements, eliminating the need for a remote. This feature utilises AI technology, and a connected Galaxy Watch to recognise gestures, allowing for intuitive control over various TV functions.

 According to Counterpoint Research, in 2024, the Indian TV market experienced over 10 per cent decline in terms of shipments. This was largely due to weak consumer sentiments, a slowdown in the replacement cycle, and macroeconomic challenges, which also affected sales revenue.

 However, it also added that consumers increasingly favoured larger screens for a more immersive entertainment experience.

 “Consequently, 55” and above TV shipments have grown approximately 12 per cent YoY in 2024. Samsung emerged as the market leader, with 9 per cent YoY shipment growth, driven by increased premium offerings and offline growth. In 2024, a major decline in shipments was observed among Chinese and mid-tier brands,” said Counterpoint Research Senior Analyst Anshika Jain.

 For 2025, it expects overall shipments to remain stable, with modest single-digit growth, as the market struggles with a slow start to the year.

 “However, the second half is likely to see a rebound, fuelled by festive demand and increasing consumer upgrades to premium devices. The trend toward premiumisation is expected to continue, with the Rs 40,0000-70,000 price range becoming the key segment for most brands,” Jain said.

 Samsung competes in the Indian TV market with players, including Sony, LG Electronics, TCL, Panasonic, Haier, etc.

Re Sustainability Launches ISS: India’s First Delivery and Outcome-Led Sustainability Platform for Business Transformation Solutions

Bangalore, May 12, 2025: Re Sustainability Limited (ReSL), one of Asia’s leading environmental and sustainability solutions providers, today announced the launch of Integrated Sustainability Solutions (ISS)—India’s first execution-driven platform that empowers businesses to fully integrate sustainability across their operations, infrastructure, and investment strategies.

ISS is designed to eliminate the fragmentation that has historically hindered effective sustainability implementation. Instead of managing multiple vendors and disjointed programs, businesses can now rely on a single, trusted partner to implement their sustainability agenda—from early-stage strategy and compliance solutions to infrastructure development, resource recovery, operations, and ESG disclosures.

Built on ReSL’s robust operational presence—across 99+ sites in 11 countries—and driven by India’s largest team of environmental professionals, ISS brings together decades of expertise in environmental services, engineering, permitting, analytical, digital ESG systems, and circular economy implementation.

ISS also houses netZERO, Re Sustainability’s specialized arm focused on EPR, carbon credits, and circular economy implementation. netZERO provides end-to-end compliance and circular economy solutions across plastics, e-waste, batteries, tyres, and used oil. With deep expertise in EPR regulations and pan-India operational capabilities, netZERO helps brands and PIBOs seamlessly meet their Extended Producer Responsibility (EPR) obligations, while also accessing carbon credit pathways aligned with global, national climate targets and voluntary programs.

Through ISS, ReSL offers a comprehensive and modular suite of services, adaptable to the specific needs of industries such as chemicals, pharmaceuticals, metals, mining, manufacturing, infrastructure, ports, IT, real estate, healthcare, and consumer goods.

The range of services includes:

• Sustainability & ESG Advisory – Strategy development, Net Zero roadmaps, materiality assessments, ESG maturity diagnostics, and implementation planning
• Permitting & Regulatory Compliance – Complete support for environmental clearances, impact assessments, licenses, audits, multi-jurisdictional regulatory compliance, and comprehensive environmental monitoring and testing services
• Environmental Due Diligence & Remediation Services – Assessment of environmental liabilities, risk evaluation, site investigations, and deployment of remediation strategies to address contamination and ensure full compliance
• Environmental Infrastructure Solutions – Turnkey development of water and wastewater treatment systems, air emission control facilities, solid and hazardous waste management infrastructure, and decarbonisation and green energy systems
• Operations & Maintenance (O&M) – Performance-based management of environmental assets with service-level agreements (SLAs), condition monitoring, and continuous optimization
• Decarbonisation & Climate Action – Carbon accounting, reduction strategies, energy efficiency solutions, and access to carbon markets and climate finance instruments
• Resource Recovery & Circular Economy – Advanced recovery of materials and energy through recycling, RDF, biogas, composting, and alternate fuels integration
• Sustainability Reporting & Assurance – ESG impact tracking and disclosure aligned with GRI, BRSR, CDP, TCFD, EU-CSRD, and other leading frameworks, with independent assurance
• Digital & Analytical Tools – Real-time ESG dashboards, monitoring platforms, AI-powered compliance tools, and data-driven performance analytics
• Sustainable Financing & Delivery Models – Flexible implementation through capital-light co-financing, joint ventures, revenue-sharing arrangements, BOT (build-operate-transfer) formats, and public-private partnerships (PPPs) tailored to sustainability infrastructure

 “ISS is our strategic response to the on-ground implementation gap that so many businesses face today when it comes to sustainability & ESG programs,” said Masood Mallick, Managing Director & Group CEO of Re Sustainability. “Sustainability cannot be an isolated initiative. It needs to be integrated, funded, operated, and measured across the value chain. ISS is designed to do exactly that—with the technical depth, institutional scale, and financing flexibility needed to drive transformational outcomes.”

By integrating advisory, implementation, and ownership models under one platform, ISS helps businesses unlock synergies between climate goals, regulatory compliance, cost efficiency, and long-term business value. Through flexible engagement formats, organizations can choose outcome-linked models that align performance incentives with environmental and social impact.

With India accelerating its climate and ESG mandates, and global investors demanding greater transparency and accountability, ISS positions Re Sustainability as a long-term partner for forward-looking organizations aiming to lead with responsibility and resilience.

Indian Silk House Agencies inaugurates its 47th store in Alipurduar, West Bengal

Alipurduar, 12 May 2025: The grand opening of the 47th store of Indian Silk House Agencies in Alipurduar marks a significant milestone in our 52-year journey of growth and expansion across India. The store is located at Marwari Patty, Sreekunj, Style Bazar, Alipurduar 736121, West Bengal, covering 1200 sq ft area with an extensive collection of sarees from across India, starting at just ₹1000.

Our range features 100% pure silk and silk-marked sarees, including traditional weaves like Banarasi, Kanjivaram, Patola, Bandhani, Tussar, Madhubani, Chanderi, Maheshwari, Paithani, Nauvari, Baluchari, Jamdani, Pochampally, Gadwal, Sambalpuri, and Bomkai. We also offer lightweight and elegant options like organza, chiffon, and tissue sarees. Additionally, our collection includes hand-painted and embroidered sarees such as Kalamkari, Kantha, and Kashmiri Tilla, along with contemporary designer fusion sarees that blend tradition with modern style.

Our showroom truly celebrates India’s rich textile heritage and as the largest saree brand in the region, we are committed to enhancing customer experiences and plan to expand to 100 stores nationwide. We aim to strengthen our presence in West Bengal by opening more stores in key cities and emerging markets, bringing our rich collection of sarees closer to our customers.

With the upcoming wedding and festive seasons, customers can look forward to an exclusive collection of festive and bridal sarees, featuring luxurious fabrics like pure silk, Banarasi, Kanjivaram, Katan and more. To make the celebrations even more special, we are introducing limited-time offers, including discounts and gift vouchers, especially curated for Poila Baisakh.

We take pride in offering the largest collection of sarees in India—from traditional silk sarees to diverse weaves from every corner of the country. Each of our 100% pure silk sarees is silk marked for authenticity, and our handloom sarees proudly carry the Govt certified Handloom mark.

Our mission is to make these exquisite creations accessible to everyone while honoring Bengal’s rich textile legacy. Step into our world and embrace the beauty of handloom sarees that stand the test of time.

Shriram General Insurance Reports Robust Q4 FY25 Performance: 25% Growth in GWP and 8% Increase in Net Profit, driven by strong motor segment performance

Anil Aggarwal, MD & CEO of Shriram General Insurance Company, stated, “In FY25, we have delivered a strong performance driven by a focused approach in the motor segment. Our resilience and agility have enabled us to outperform industry significantly across key parameters. Looking ahead, we are focused on diversifying our portfolio, expanding our digital capabilities, and enhancing our presence in underserved markets. We believe our strategic initiatives are designed to deliver sustainable growth and value for our stakeholders.”

Sportz Interactive Accelerates UK and European Expansion with Strategic Appointments

Mumbai, 12th May 2025 – Sportz Interactive (SI), a global leader in sports technology and fan engagement solutions, has announced a series of strategic hires designed to accelerate its expansion across Europe. These appointments underscore SI’s commitment to transforming the way sports organisations connect with fans and drive commercial growth through cutting-edge digital experiences.

As part of its ambitious growth strategy, Sportz Interactive has added several accomplished professionals to its marketing and business development teams. These new team members, based across France, Spain, Portugal and the United Kingdom, bring a wealth of industry expertise and are set to play a key role in advancing the company’s footprint across European markets.

Sportz Interactive’s continued rise is powered by longstanding collaborations with some of the world’s most prestigious sports organisations – including the International Olympic Committee (IOC), FIBA, Formula 1, Disney, and European Athletics. Leveraging innovative fan engagement platforms, advanced data solutions, and immersive digital experiences, Sportz Interactive enables rights holders to deepen audience relationships, expand global reach, and unlock new revenue streams.

“We’re thrilled to welcome such exceptional talent to our growing team,” said Alex Chamberlen, Director – Head of UK & Europe Operations at Sportz Interactive. “Their experience and insights will be instrumental as we continue to deliver transformative digital solutions to leading sports organisations across the region.”

“This marks a significant step forward in our growth journey,” added Arvind Iyengar, Chairman at Sportz Interactive. “These appointments enhance our local expertise and reinforce our position as a trailblazer in digital fan engagement – ensuring we deliver outstanding value to our partners and unforgettable experiences to fans.”

These strategic appointments come at an exciting time for Sportz Interactive, as it continues to expand its global footprint and solidify its reputation as a leading sports technology provider.

RV University Signs Agreement with Arizona State University for Strategic Partnership

12 May 2025 | Bengaluru: RV University (RVU), a Bengaluru-based new-age tech-driven liberal education university, has partnered with Arizona State University (ASU) that will enable RVU students to pursue a variety of undergraduate and master’s degrees in key disciplines such as Computer Science and Engineering, Business, Management, Design and Liberal Arts.

The collaboration sets the stage for student exchange programmes, shared academic initiatives, and the introduction of new learning pathways for students at RVU. As part of the agreement, pathway programmes will be introduced.

Mr. D.P. Nagaraj, Pro Chancellor, RV University, said: “This collaboration creates new opportunities for students to access education through different formats. We see this as the beginning of further cooperation between RV University and Arizona State University.”

“Our mission is to make educational opportunities more universally accessible. Together with Cintana’s expertise, ASU is committed to driving a global movement that expands access to higher education while elevating the quality of outcomes. Our collaboration with RV University exemplifies this dedication, and it is precisely what we are striving to achieve,” said Dr. Michael M. Crow, President, Arizona State University

Prof. (Dr.) Dwarika Prasad Uniyal, Vice Chancellor (in-charge), RV University, noted: “This partnership supports our efforts to connect students with international academic opportunities. It opens up new options for those interested in studying abroad while continuing their education at RVU.”

“This collaboration is a starting point. Our goal is to build long-term academic relationships that benefit both students and faculty. These programmes will help students gain experience in different academic environments.”, he further added.

Speaking at the launch event and representing ASU, Dr. Chris Johnson, Senior Director and Head of Global Partnership Development said “Arizona State University is excited to collaborate with RV University to extend our commitment to inclusive, high-impact education. This partnership opens new avenues for Indian students to benefit from ASU’s strengths in research, innovation, and global scale. In line with our charter—to be measured not by whom we exclude, but by whom we include and how they succeed—this initiative is a meaningful step toward expanding access and empowering learners to thrive in a rapidly evolving world.”

This collaboration is a general framework and outlines areas of possible cooperation including academic programmes, research, and student and faculty mobility. RV University also becomes a member of the ASU–Cintana Alliance, a network of universities working on joint academic initiatives with ASU. This membership is expected to support future activities such as student internships, faculty collaboration, joint research, and training programmes.

AIPL Joy Gallery Expands Fashion Footprint with Opening of Celio’s 4,572 Sq. Ft Store in Gurugram

Adding a global name to its expanding fashion portfolio, AIPL Joy Gallery announced the opening of Celio, a renowned French menswear brand. Spread across 4,572 sq ft. on the ground floor, Celio joins a premium roster of international labels at AIPL Joy Gallery, including Calvin Klein, Arrow, and Tommy Hilfiger, further enhancing the project’s positioning as Gurugram’s most fashion-forward and experiential retail destination.

AIPL Joy Gallery is redefining retail in Gurugram by curating a distinctive blend of global fashion and lifestyle brands. It is the first development on the entire Golf Course Extension–SPR belt to exclusively feature international apparel brands, bringing global fashion closer to the city’s discerning shoppers. With its stylish layout and curated collections, Celio’s store perfectly complements the vibrant and cosmopolitan vibe of AIPL Joy Gallery, offering a sophisticated and seamless shopping experience.

Ishaan Singh, Director, AIPL, said, “We are delighted to welcome Celio to AIPL Joy Gallery. This addition strengthens our commitment to bringing top-tier global and national brands to our retail mix, enhancing the overall lifestyle experience for our visitors. AIPL Joy Gallery is a hub where fashion, dining, and entertainment converge seamlessly. With Celio’s international appeal and stylish offerings, we’re continuing to deliver on our vision of creating an immersive, world-class experience for today’s urban consumer.”

With its strategic location on Golf Course Extension Road and a thoughtfully designed architectural layout, AIPL Joy Gallery is set to become the preferred destination for leading national and international brands. The development is carefully zoned to enhance the customer journey across apparel, accessories, home concepts, F&B zone, and entertainment all under one roof.

Customer Demands Recall of All Hyundai Alcazar Models with ADAS Sensors

New Delhi, India, 12th May 2025 — A consumer has initiated legal action against Hyundai Motor India Ltd. A serious consumer safety concern emerged after a Hyundai Alcazar 1.5T DCT Signature 7-Seater, purchased in September 2024, allegedly suffered a malfunction of its Advanced Driver Assistance System (ADAS) sensors, resulting in a collision, which has raised critical questions about Hyundai’s ADAS safety assurances and authorized service protocols.

The Consumer, who purchased the top-of-the-line Atlas White model of the Hyundai Alcazar, claims the vehicle’s ADAS Level II features – including Forward Collision Avoidance, Blind Spot Monitoring, and other safety assist systems – began malfunctioning within a month of purchase, with only 670 kilometres driven.

On October 14, 2024, the malfunction resulted in the vehicle failing to detect an obstacle, ultimately causing a collision. Despite multiple attempts to seek redressal at various Hyundai-authorized service centres, the customer was repeatedly denied service or even an explanation. Eventually, Hyundai refused to take any corrective action, citing no obligation.

In response, the aggrieved plaintiff, represented by My Legal Expert, has filed a formal suit seeking not just compensation but also the recall of all Hyundai Alcazar models equipped with the ADAS system to prevent further endangerment of lives.

“This is not just a case of product failure; it is a question of consumer safety and corporate accountability,” said Ashwini Kumar, Advocate & Founder of My Legal Expert. “Advanced driver assistance systems are meant to prevent accidents, not cause them. When a life-threatening technology fails and the manufacturer refuses responsibility, legal intervention becomes essential.”

This case highlights growing concerns about the reliability of safety technologies and the conduct of authorized service networks in India. It also raises broader questions about the post-sale accountability of automakers and the transparency of diagnostics involving complex driver-assist systems, especially as AI-powered and semi-autonomous features become increasingly common in Indian vehicles.

The proceedings are ongoing, and My Legal Expert is committed to pursuing justice for its client and accountability from auto manufacturers placing consumers at risk.