Category Archives: Business

Tata Capital Brings Champions Closer to Home with 

Tata Capital has launched its inspiring campaign, #ChampionsKiGulliyonMein, celebrating how today’s women cricketers are creating pathways for tomorrow’s champions. Created and conceptualised by Schbang, the campaign positions the brand as an enabler of dreams and ambition with showcasing its meaningful contribution to the growth of women’s cricket in India. 

The campaign emerges from a powerful cultural shift happening across Indian streets and pitches. For decades, gullies have been the training ground for cricketing legends in a predominantly male space. But the story is evolving. More girls are stepping onto pitches, claiming space, rewriting norms, and reshaping the future of cricket. Tata Capital supports the journeys, dreams, and courage of women who show up every day to play. 

In ‘Champions Ki Gulliyon Mein’, the narrative captures where cricket’s real foundation lies: in cramped lanes and neighbourhood streets, where raw passion compensates for polished facilities, and every small victory demands genuine effort. As the players celebrate their achievements, they echo the paths of innumerable cricketers whose first boundaries were hit in dusty streets, local grounds, and residential bylanes. This underscores a fundamental truth that champions aren’t manufactured under stadium 

floodlights, but forged much earlier, in the very gullies where dreams first take flight. 

Dipshika Ravi, National Creative Director, and Rohan Hukeri, Executive Vice President at Schbang, added,

“Every dream begins in the gullies. And every gully echoes with passion and belief. ‘The Champions ki Gulliyon Mein’ campaign speaks to millions of girls who learn to dream on the streets. Some of those dreams grow louder until one day, an entire stadium chants their name. With this film, we show that passion doesn’t watch the clock – from girls playing under the harsh 12-noon sun to champions returning to the gullies, it’s for every champion who owns the gullies.” 

The ‘#ChampionsKiGulliyonMein’ campaign establishes Tata Capital as a brand that understands that true enablement means supporting not just today’s champions, but creating pathways for generations to come. 

Halder Venture Limited Makes NSE Debut via Direct Listing

Kolkata, Jan 19: Halder Venture Limited, a leading agri-processing and rice milling company, today marked a significant milestone with the successful listing of its equity shares on the National Stock Exchange of India Limited (NSE). 

A total of 1,24,38,135 equity shares of face value ₹10 each have been listed on the NSE, representing the Company’s entire paid-up equity share capital of ₹12.43 crore. 

This NSE listing represents the latest chapter in Halder Venture Limited’s 100-year journey in India’s agri and food processing value chain. The Company was first listed on the Calcutta Stock Exchange in 1984, followed by its listing on main board of  BSE Limited in 2016, and now joins the NSE Mainboard, India’s largest equity exchange, further strengthening its capital market presence 

Commenting on the milestone, Mr. Keshab Kumar Halder, Managing Director, Halder Venture Limited, said

“Our listing on the NSE marks a defining moment in Halder Venture Limited’s century-long journey, from a heritage rice and oil milling enterprise to a professionally governed, scaled agri-processing and FMCG-led organization. This milestone significantly enhances our investor visibility, liquidity and institutional engagement. It increases access to the capital and equity markets, creating a stronger framework for institutional investors and broader participation. We believe this platform will encourage disciplined capital allocation and create a platform for accelerated growth across various sectors, while generating value for our shareholders. This marks the next chapter in our growth journey, one that will accelerate long-term value creation and enable us to expand our global footprint while staying anchored to strong governance and operational excellence.”

The NSE listing follows successful completion of court approved corporate restructuring where several group companies were amalgamated with Halder Venture Limited, including acquisition of the Haldia Unit of K.S. Oil Limited. The acquisition last year has added a significant edible oil processing capacity to the Company’s portfolio and strengthens its manufacturing presence in Eastern India. Strategically located near Haldia Port, the facility enhances supply chain efficiency and supports deeper regional market penetration.

Looking ahead, Halder Venture Limited is focused on building future-ready, value-added businesses across food and agri-tech segments. The Company aims to expand its presence in new geographies across Asia, Africa, and Europe, while deepening domestic penetration of its rice, edible oil, and vegetarian protein meal offerings. Future priorities also include entry into value-added organic foods with assured traceability, agri-tech initiatives, product innovations, and sustainability-led growth aligned with responsible environmental practices.

As on January 19, 2026, the Company’s market capitalisation on the BSE stood at approximately ₹338.80 crore. 

SW Network wins MINI India’s Creative Mandate

Delhi, Jan 19:  SW Network, a leading integrated creative and digital agency, has been awarded the complete digital mandate for MINI India, one of the world’s most beloved automotive brands known for its unmistakable design, go-kart feel, and distinct personality.

Under the mandate, SW Network will spearhead MINI India’s creative mandate, along with full-fledged digital and creative services aimed at strengthening the brand’s digital presence and growing its community across platforms. The account will be handled by SW Network’s Delhi team.

As part of the mandate, the agency will shape MINI India’s digital presence through bold creative thinking, culture-first storytelling, and performance-driven innovation. From high-impact brand campaigns and product narratives to lifestyle-led content and platform-native ideas, the focus will be on translating MINI’s iconic global personality into locally resonant digital experiences that spark conversations and build community.

Pranav Agarwal, Co-Founder, SW Network, said,

“Partnering with MINI India is a milestone moment for us. MINI is not just a car brand; it’s a global cultural icon, a lifestyle, and a statement in design. Building on this emotional connection and bringing it alive digitally is an exciting responsibility. Our aim is to craft a distinct, witty, and premium digital voice for MINI India while strengthening its creative performance. We are thrilled to collaborate with a brand that thrives on originality and look forward to creating work that moves both the brand and its audience.”

Abhinandan Gopalsetty, Director, MINI India, said,

“MINI has always stood for innovation, individuality, and creative expression. As our digital touchpoints continue to expand, we were looking for a partner who understands the brand’s unique spirit and can translate it seamlessly across platforms. SW Network’s strategic depth, creative agility, and strong digital capabilities made it the ideal choice. We are excited to work together on elevating MINI India’s digital footprint and engaging our community in fresh, meaningful ways.”

With this mandate, SW Network will collaborate closely with MINI India to enhance brand visibility, improve digital performance, and create immersive experiences that reflect MINI’s playful yet premium identity.

MagickHome Opens Its Largest Experience Hub in Bangalore; Inaugurated by Rukmini Vasanth

[Bangalore, Jan 19]: MagickHome, a modular home interior brand unveiled its flagship Interiors Experience Hub in HSR Layout, Bangalore, inaugurated by acclaimed Kannada film actress Rukmini Vasanth. Spanning 6,200 sq ft across two floors, the hub is MagickHome’s largest and most immersive destination, designed to completely reimagine how homeowners discover, experience, and choose interiors. Adding star power and strong cultural resonance to the occasion, Rukmini inaugurated the space, celebrating the growing intersection of design, lifestyle, and modern urban living in Bangalore.

Walking into the Experience Hub feels like stepping into a real home. Visitors can explore a full-scale 2BHK mock-up, moving seamlessly from an award-winning island kitchen to a thoughtfully integrated living and study area, a guest bedroom with a sliding wardrobe and sofa bed, and a master bedroom lined with floor-to-ceiling wardrobes. The space also showcases MagickHome’s patented, child-safe PU finishes, premium acrylics, and a wide range of laminations, opening up over 50,000 design permutations for personalised interiors.

Elevating the experience further is the Design Experience Zone, featuring the Pivoting Panel Matrix and Fabric Library, where customers can touch, compare, and visualise materials in real scale and lighting – turning complex choices into confident decisions.

Speaking about the launch, Indrakumar Pathmanathan, Chairman, MagickHome, said,
“MagickHome has always believed that great interiors begin with great understanding. This Experience Hub is a physical expression of that belief. It brings together design, materials, and real-life spaces under one roof, so customers can truly see, touch, and feel what their future home can be. Bangalore felt like the most natural city for this next chapter. It appreciates design, values quality, and is constantly evolving.”

On the customer experience and business vision, Ganesen Viswanathan, Vice President, MagickHome, added, “Today’s customer does not want to be overwhelmed by choices. They want guidance, transparency, and an engaging process. This store is built to do exactly that. From our 2BHK mockup to the Design Experience Zone, every element is designed to simplify decision-making while elevating the experience. Bangalore is a mature, design-aware market, and this hub allows us to serve it at scale while setting the foundation for our future growth.”

Speaking about the hub, Rukmini Vasanth, Indian actress, said, “What I loved about this space is how real it feels. You’re not just looking at samples and displays but actually walking through a home, understanding how the designs fit in everyday lives. It makes the process of planning your home feel simple, personal and very exciting”

With this launch, MagickHome positions Bangalore not just as a market, but as a partner in its design journey. The hub blends thoughtful design, global quality standards, and a deeply human approach to home-making.

Financial Results for the Quarter Ended December 31, 2025

Mumbai, Jan 17:  The Bank today announced its financial results for the quarter ended December 31, 2025 (Q3FY26), reporting strong business growth, improved profitability, and a marked enhancement in asset quality compared to the corresponding quarter of the previous year.

Key Financial Highlights (Q3FY26 vs Q3FY25)

• Total Business grew by 15.77% on a year-on-year basis

• Total Deposits increased by 13.24% YoY

  • CASA deposits constituted 47.13% of total deposits

• Gross Advances rose by 19.48% YoY

• Net Profit increased by 31.70% YoY

• Operating Profit grew by 16.76% YoY

• Net Interest Income (NII) remained stable during the quarter

• Net Interest Margin (NIM) stood at 2.96%

• Cost-to-Income Ratio improved by 99 basis points to 57.84%

• Return on Assets (ROA) improved to 1.01% from 0.87%

• Return on Equity (ROE) improved to 14.47% from 12.85%

Profitability Performance

• Total Income (interest income plus non-interest income) increased by 12.62% YoY during Q3FY26

• Operating Profit grew by 16.76% YoY and 4.26% on a year-to-date basis

• Net Interest Income declined marginally by 1.07% YoY

• Improvement in ROA and ROE reflects enhanced operational efficiency and disciplined cost management

Business Highlights

• RAM (Retail, Agriculture & MSME) portfolio recorded 17.89% YoY growth

  • Retail segment grew by 20.93%

  • Agriculture segment grew by 15.41%

  • MSME segment grew by 15.90%

• Business per Employee improved on a year-on-year basis, reflecting higher productivity levels

Asset Quality

• Gross NPA improved significantly to 2.70% from 3.86%, registering an improvement of 116 basis points

• Net NPA declined to 0.45% from 0.59%, an improvement of 14 basis points

• Provision Coverage Ratio (PCR) strengthened to 96.69%, reflecting prudent risk management

Capital Adequacy

• Basel III Capital Adequacy Ratio (CRAR) stood at 16.13%

  • Tier I Capital at 13.87%

• Capital adequacy remains well above regulatory requirements, providing strong support for future growth

Branch & Distribution Network

As of December 31, 2025, the Bank maintained a robust pan-India presence with 21,817 touch points, comprising:

• 4,567 branches, with 65.22% located in rural and semi-urban areas

• 4,111 ATMs

• 13,099 Business Correspondent (BC) points

• 40 BC Maxx points

CARS24 Reports Strong H1 FY26 Performance; Revenue Grows 18% YoY as Financing and Ownership Services Drive Next Phase of Growth

Mumbai, Jan 17:  CARS24, India’s leading auto-tech platform, today announced its financial results for the first half of FY26, delivering strong operating momentum, improving unit economics, and continued progress in its transformation from a buy-sell marketplace into a full-stack vehicle ownership platform.

During H1 FY26, Adjusted Net Revenue increased 18% year-on-year to INR 651 crore, while Adjusted EBITDA burn reduced by 36% YoY to ₹(162) crore, reflecting greater operating efficiency and disciplined cost management.

CARS24 maintained its position as the largest online used-car platform across India, UAE, and Australia. During the period, approximately 85,000 cars were transacted across the three markets, with Vehicle Transaction GMV of ₹3,731 crore.

Financing emerged as a key growth driver, with loans disbursed rising ~38% YoY to ₹1,637 crore globally. The company continues to scale non-captive financing offerings, including dealer consumer financing and refinancing, beyond traditional captive attach rates on retail car transactions, establishing financing as a meaningful and sustainable growth pillar.

Vehicle Ownership Services witnessed strong traction as CARS24 expanded into an end-to-end ownership ecosystem over the past 18 months. Offerings now include Insurance, Challan Payments, CarTruth (pre-delivery inspections and vehicle history reports), Buyback, and Chauferly. This segment generated ₹94 crore in GMV during H1 FY26, with transactions increasing 19x on the platform. The acquisition of CarInfo further strengthens the company’s focus on this high-margin, recurring-revenue segment, reinforcing its brand promise of “Better drives, better lives” by building long-term relationships with vehicle owners.

At its core, CARS24 remains technology-first, delivering a seamless experience to over 11 million monthly users across its platforms.

Looking ahead, the company expects H2 FY26 Adjusted Net Revenue to exceed ₹750 crore, representing approximately 35% YoY growth, with acceleration anticipated in Transaction GMV. CARS24 is also preparing for a potential IPO in the next 6–12 months, subject to market conditions and regulatory approvals.

Telangana’s Biggest Juice-Line Manufacturing Facility Inaugurated in Hyderabad

Hyderabad, Jan 16: Valencia Nutrition Limited (VNL) today inaugurated Unit II of its integrated beverage manufacturing facility under its subsidiary, Valencia Beverages and Super water (VBSW), in Hyderabad. The facility was inaugurated by Mr. Manish Turakhia, Visionary Promoter and Managing Director of Valencia Nutrition Limited.

VBSW Unit I and Unit II were developed by the company’s in-house engineering team, led by Mr. Jay Shah, Executive Director of VBSW, and John P. Michael, Director of VBSW. The commissioning of Unit II marks a significant milestone in VBSW’s roadmap to 27 plants, strengthening its decentralized manufacturing strategy for the mass-market PET bottle range sold under the flagship brand Bounce Super drinks and category brands such as Vitafizz, Pulpify, and Powerplay.

As part of the inauguration, VNL announced that Bounce Vitafizz will now be available in a new packaging format. Designed for affordability and wider reach, this new format supports the company’s focus on high-volume distribution.

The VBSW Unit II facility, spanning 49,700 sq. ft., is the largest juice-line manufacturing facility in Telangana and houses India’s first hybrid hot-fill juice-line manufacturing system. This integrated line enables the production of juices, fruit-based drinks, pulp beverages, nata-de beverages, and soda variants. The unit has a production capacity of 300,000 bottles per day and is equipped with a 120,000-liter-per-day RO water system, high-speed PET bottling lines, and IoT-enabled production monitoring for real-time operational visibility.

The facility was fully commissioned within three months (October 15, 2025, to January 14, 2026), achieving regulatory compliance within two months. Notably, Unit II was established at approximately 60% of typical market costs, reflecting VNL’s execution efficiency.

Commenting on the development, Mr. Manish Turakhia, Promoter and Managing Director of VNL, said: “Well-planned machinery layout, execution speed, and efficient local approvals are critical to setting up complicated plants. This facility reflects our approach to building efficient, compliant, and future-ready infrastructure. Achieving effective plant utilization through ‘majority sales at factory gate’ is essential for faster ROI. I take pride in Team Valencia’s management of the installation of over 107 tonnes of machinery and pipelines.”

Art Aura lights up Infiniti Mall, Malad with creativity, workshops, and artistry

Mumbai, Jan 16:  Infiniti Mall, Mumbai’s premium destination for shopping, dining, and entertainment, presents the Art Aura Exhibition at its Malad location from 12th to 18th January, between 11:00 am and 9:30 pm, celebrating creativity, craftsmanship, and emerging artistic talent. The exhibition will be inaugurated by Dr. Kishor Ingale, Director, Directorate of Art, Maharashtra State, as the Chief Guest..

More than 40 artists will be participating in the exhibition, offering visitors an opportunity to engage with emerging talent and gain insights into diverse creative practices. Art Aura showcases a wide range of art forms including Painting, Drawing, Block printing, Paper quilling art, 3D artworks, Sculptures and Handicrafts. Presented in association with L S Raheja College, the exhibition promises a visually immersive experience for art enthusiasts.

Set within an inspiring retail environment, the Art Aura Exhibition creates a unique platform to experience art while supporting emerging artists. Infiniti Mall looks forward to welcoming art lovers to Art Aura, a vibrant celebration where creativity and innovation take centre stage, promising an enriching and memorable artistic experience.

Clavell Santiago Appointed Vice President Sales (HoReCa) and Marketing at Evocus

Mumbai, Jan 16: Evocus, India’s premium functional beverage brand, has announced the appointment of Clavell Santiago as Vice President – Sales (HoReCa) and Marketing, marking a significant step in strengthening the brand’s commercial and growth strategy.

In his expanded role, Clavell will spearhead Evocus’s sales and marketing functions, driving brand strategy, accelerating revenue growth, and scaling the HoReCa business across domestic and international markets. He will play a pivotal role in deepening Evocus’s presence across premium hospitality, foodservice, and emerging growth channels.

Clavell has been a key contributor to Evocus’s growth journey and most recently served as Head of Sales HoReCa, where he led the brand’s successful entry into the HoReCa segment. Under his leadership, Evocus launched the world’s first Black Soda, introduced trade-focused product innovations, and scaled its HoReCa footprint to over 1,000 outlets nationwide. The brand has since become a preferred beverage partner for leading hospitality groups such as Oberoi, Marriott, and Taj, along with prominent restaurants and café chains across India.

With over 12 years of experience spanning FMCG and hospitality, Clavell brings deep expertise in B2B sales, premium brand building, strategic partnerships, and revenue growth across domestic and international markets. Prior to Evocus, he held leadership roles with Narang Group, Coffee Day Beverages, MARS Group, IHG, and InterContinental Hotels Group.

Commenting on the appointment, Aakash Vaghela, Founder and Managing Director, Evocus, said,

“As Evocus continues to expand its footprint across India and global markets, Clavell’s ability to build high-value partnerships, scale channels, and elevate premium brand experiences will be instrumental. His proven leadership will play a critical role in driving our next phase of growth.”

Sharing his thoughts, Clavell Santiago said,

“I am deeply honoured to take on this role. The journey so far has been filled with learning and meaningful milestones. As we scale Evocus, my focus will be on strengthening our marketing narrative, deepening engagement across key channels, and building clear differentiation to drive sustainable, long-term growth.”

With Clavell Santiago at the helm of sales and marketing, Evocus is well positioned to accelerate growth, strengthen its HoReCa leadership, and reinforce its position as a leading premium functional beverage brand.

Federal Bank Posts Record Q3 FY26 Performance as Margins Improve and Asset Quality Strengthens

Federal Bank Delivers Record Q3 FY26 Performance with All-Time High NII, Operating Profit and Fee Income; Margins Expand and Asset Quality Strengthens Further

Federal Bank reported a strong and well-rounded performance for the quarter ended December 31, 2025 (Q3 FY26), marked by sustained margin expansion, improving profitability, disciplined cost management, and a further strengthening of asset quality. The results underscore the Bank’s continued focus on building a stable, margin-led, and resilient franchise.

Key Financial Highlights Q3 FY26

• Net profit recorded healthy sequential and year-on-year growth, supported by stronger core income and operating leverage.

• Net Interest Income reached an all-time high, reflecting steady balance-sheet expansion and improved yield dynamics.

• Net Interest Margin expanded quarter-on-quarter, driven by an improved liability mix and timely asset repricing.

• Operating profit posted solid growth on both a quarterly and annual basis, supported by disciplined cost management.

• Fee income achieved a record level, registering strong year-on-year growth and enhancing the quality and diversification of earnings.

• Total business continued its upward trajectory, delivering steady growth across both advances and deposits.

• Advances growth was led by Commercial Banking and Corporate & Institutional Banking segments.

• Deposits grew consistently, supported by a strengthening liability franchise.

• CASA ratio improved meaningfully on both a quarterly and annual basis, with strong growth in CASA balances.

• Cost-to-income ratio improved further, reflecting operating leverage and efficiency gains.

• Asset quality strengthened to decadal lows, with continued reduction in both gross and net NPAs.

• Provision coverage improved, reinforcing balance-sheet resilience.

• Return on Assets and Return on Equity showed sequential improvement, reflecting enhanced profitability.

• Earnings per share recorded healthy quarter-on-quarter growth.

Management Commentary

Commenting on the performance, Mr. KVS Manian, Managing Director & CEO, Federal Bank, said:

“Our Q3 performance reflects the continued strengthening of the Bank’s underlying fundamentals. Improvements in margins, declining funding costs, and sustained stability in asset quality are the direct outcome of the balance-sheet discipline and execution focus we have maintained over the past few quarters.

We are seeing increasing benefits from a stronger liability franchise and a calibrated shift in our asset mix toward segments that deliver superior risk-adjusted returns. While competitive intensity remains high, our emphasis remains on consistency and quality of earnings rather than headline growth. This approach positions the Bank well to deliver sustainable performance across market cycles.”

Strategic and Business Updates

Branch Expansion:
During the quarter, the Bank added six branches, aligned with its calibrated and market-focused expansion strategy.

Stake Increase in Ageas Federal Life Insurance:
Federal Bank increased its stake in Ageas Federal Life Insurance Company, strengthening its strategic partnership in the life insurance business. The transaction was completed during the quarter after receiving all requisite regulatory approvals.

Brand Refresh – The Fortuna Wave:
The Bank unveiled The Fortuna Wave, a refreshed brand identity reflecting its evolution into a contemporary and future-ready institution. Rooted in authenticity, prosperity, and togetherness, the new identity sharpens Federal Bank’s connection with a digitally driven customer base.

Strategic Investment by Blackstone:
Federal Bank welcomed a strategic minority investment from Blackstone, marking a significant milestone in its growth journey. The investment, which received approvals from the Board of Directors, shareholders, and regulatory authorities, underscores strong confidence in the Bank’s strategy, governance, and long-term growth potential.

With strong core earnings momentum, improving asset quality, and a strengthened balance sheet, Federal Bank remains well positioned to deliver consistent and sustainable performance in the coming quarters.