Category Archives: Business

SDHI and Varex Imaging Corporation sign agreement to manufacture Cargo and Vehicle Inspection Systems in India

WIKA Instruments India Private Limited Acquires Calibration Services business of Godrej and Boyce

Palwal, Haryana, 4^th August 2025 – WIKA Instruments India Private Limited (“WIKA India”) has successfully acquired the Calibration Services business of Godrej & Boyce Manufacturing Company Limited (“Godrej”). This strategic acquisition enhances WIKA’s calibration service offerings to deliver superior customer experiences.

By integrating Godrej’s expertise and resources with WIKA, we ensure more efficient and reliable calibration services, tailored to meet specific customer needs. Customers can expect a seamless transition in our operations, maintaining the highest standards of service.

“In line with our global strategic landscape and to strengthen our calibration & service offering, we are enthusiastic about the opportunities this acquisition presents. Our commitment remains focused on exceeding expectations to our customers by harnessing the strength of GODREJ’s local calibration business with WIKAs global expertise to offer superior calibration services,” said Gaurav Bawa, Senior Vice President, WIKA India.

The acquisition allows WIKA to broaden its range of calibration services, offering a wider array of solutions. Whether it is precision measurement or advanced calibration techniques, the enhanced capabilities will enable WIKA to cater to diverse industry requirements.

Vietjet’s 8/8 Super Sale Offers Indian Travellers Up to 80% Off and Exclusive Hotel Perk

Mumbai, August 4, 2025 – Vietjet is turning up the heat this August with a limited-time 8/8 Super Sale, giving travellers the chance to unlock up to 80% off Eco fares across its entire international and domestic network. With Vietjet’s 10 direct routes between India and Vietnam, connecting Ahmedabad, Bengaluru, Delhi, Hyderabad, Kochi, and Mumbai to Da Nang, Hanoi, and Ho Chi Minh City with 44 round-trip flights every week, Indian travellers have more ways than ever to explore Vietnam’s vibrant cities and scenic coastlines at unbeatable prices.

For just 23 hours – from 00:00 to 23:00 on August 8, 2025 (GMT+7), guests can enter the promo code “VJ80” when booking Eco tickets via www.vietjetair.com or the Vietjet Air mobile app to enjoy the 80% discount (*). The promotion applies to travel between September 15, 2025 and May 27, 2026 (**)

As a special bonus, from August 8 to August 15, 2025, the first 500 passengers booking international flights to Hanoi (HAN) or Van Don International Airport (VDO), which is the nearest gateway to the UNESCO World Heritage Site of Ha Long Bay, will receive a 20% discount on one-night accommodation (**) at the Royal Ha Long Hotel. This exclusive offer is valid for bookings via Vietjet’s website or mobile app.

Whether you’re planning your next tropical beach escape, city adventure, or cultural discovery, Vietjet connects you to Vietnam’s most captivating destinations – all at unbeatable prices.

Onboard, passengers can enjoy Vietjet’s signature experience with a modern, fuel-efficient fleet, a friendly professional crew, and a vibrant menu of Vietnamese and international cuisine including Pho, Banh Mi, iced milk coffee, and more. Surprise in-flight cultural performances on festive occasions and other personalized service ensure every journey is memorable from takeoff to touchdown.

Somany Ceramics & Bathware Wins Silver at e4m IMA South 2025 for Regional Influencer Marketing Excellence

Somany Ceramics & Bathware has bagged the prestigious Silver metal at the e4m IMA South 2025 Awards in a multi-category that also included marketing and manufacturing. The award was presented for the brand’s campaign “Influence Redefined: Regional Celebs, Real Results in Tamil Nadu,” which was executed by Madison Communications, a renowned marketing agency working with the ceramics major.

The campaign stood out for its nuanced and region-first approach to influencer marketing, strategically leveraging the cultural connect and popularity of local television celebrities. Focused on the Tamil Nadu market, it was designed to go beyond visibility and deliver genuine engagement. Featuring well-loved stars like Gomathi Priya and Vetri Vasanth from the hit Tamil show Siragadikka Aasai, the campaign resonated deeply with homeowners, architects, and design enthusiasts across the region: creating memorable moments and stronger brand affinity.

The use of popular regional faces brought Somany’s products, especially tiles and bathware, into everyday conversations in a language and tone that the audience truly related to. From communicating the beauty of a revamped bathroom to showcasing the seamless charm of designer tiles, the campaign blended aspiration with relatability, and performance with compelling storytelling.

Speaking about the win, Mr. Anshuman Chakravarty, Vice President – Marketing, Somany Ceramics Ltd., said, “This recognition is a proud moment for all of us at Somany. We’ve always believed that marketing shouldn’t be confined to reach, but should also signify relevance as a whole. Our Tamil Nadu campaign wasn’t built around mere celebrities but a deeper cultural connection. By collaborating with beloved local talent, we were able to speak directly to the hearts of our regional consumers. This award validates the power of regional storytelling and the growing importance of contextual, localised brand communication in 2025 and beyond.”

The e4m Indian Marketing Awards (IMA) South recognises the most impactful and creative marketing work from brands and agencies across Southern India. Somany’s campaign emerged as one of the few in the consumer durables space to break through with a hyperlocal yet high-impact strategy. With this win, Somany Ceramics & Bathware continues to set new benchmarks in brand innovation and storytelling, emphasising Somany’s dedication to staying rooted in local cultures while building a pan-India presence.

Sundaram Finance AUM grows 17 Percent to Rs. 53,278 crores

August 4, 2025: The Board of Directors of Sundaram Finance Ltd. (SFL) approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, at its meeting held on August 4, 2025, in Chennai.

“Q1FY26 has seen continued macroeconomic sluggishness of the past few quarters and economic activity has been slower compared to Q1FY25. Under these circumstances, Team Sundaram has delivered 17% growth in AUM to Rs. 53,278 crores, asset quality with net stage 3 at 1.08% vs 0.84% last year and profits after tax growing 39% year-on-year. Our Group companies in asset management, general insurance and home finance have continued their trajectory from FY25 and recorded strong results. We continue to rely on our time-tested approach of steady and sustainable growth with best-in-class asset quality and consistent profitability,” said Harsha Viji, Executive Vice Chairman.

Disbursements for Q1FY26 recorded a growth of 6% over Q1FY25. Gross stage 3 assets as on June 30, 2025, stood at 1.91% with provision cover of 44% as against 1.56% as on June 30, 2024, with provision cover of 47%. Profits from operations performed strongly, growing by 14% in Q1FY26. Profit after tax registered a 39% rise in Q1FY26, with net profit at Rs. 429 crores. Return on assets closed at 2.91% in Q1FY26 as against 2.38% for Q1FY25 and capital adequacy at 20.0% remains quite comfortable.

Rajiv Lochan, Managing Director, stated, “Overall, for the quarter, industry sales in segments and geographies we operate in were well below market expectations. Our focus on extending our market share remains resolute. Looking ahead, the monsoons have been above normal, procurement likely to be robust and therefore, rural sentiment is expected to improve. Government infrastructure spending will also gain steam. However, geopolitical tensions & global macro conditions remain unpredictable. Given these external uncertainties, our Q2 priorities remain focused on improving our asset quality position significantly while driving growth in disbursements at healthy margins. We are well positioned to continue our marathon running and delivering the Sundaram experience to our customers, people and partners,” he added.

STANDALONE PERFORMANCE HIGHLIGHTS FOR Q1FY26

· Disbursements for Q1FY26 grew by 6% to Rs. 7,310 crores as compared to Rs. 6,908 crores registered in Q1FY25.

· The assets under management grew by 17% to Rs. 53,278 crores as on 30th June 2025 as against Rs. 45,671 crores as on 30th June 2024.

· Net interest income grew by 25% to Rs. 781 crores in Q1FY26 from Rs. 623 crores in Q1FY25.

· Gross stage 3 assets as on 30th June 2025 stood at 1.91% with 44% provision cover as against 1.56% with provision cover of 47% as on 30th June 2024. Net stage 3 assets as on 30th June 2025 closed at 1.08% as against 0.84% as on 30th June 2024.

· The Gross and Net NPA, as per RBI’s asset classification norms for NBFCs, are 2.66% and 1.71% respectively as against 2.21% and 1.41% as of 30th June 2024.

· Cost to income ratio improved to 29.84% in Q1FY26 as against 32.90% in Q1FY25.

· Profits from operations grew 14% to Rs. 436 crores in Q1FY26 as against Rs. 383 crores in Q1FY25.

· Higher dividend income resulted in profit after tax registering 39% rise in Q1FY26, with net profit at Rs. 429 crores as against Rs. 308 crores in Q1FY25.

· Return on assets (ROA) for Q1FY26 closed at 2.91% as against 2.38% for Q1FY25. Return on equity (ROE) was at 16.70% for Q1FY26 as against 13.64% for Q1FY25.

· Capital Adequacy Ratio stood at 20.0% (Tier I –17.3%) as of 30th June 2025 compared to 19.3% (Tier I – 16.2%) as of 30th June 2024.

CONSOLIDATED PERFORMANCE HIGHLIGHTS FOR Q1FY26

The consolidated results of SFL include the results of its standalone subsidiaries Sundaram Home Finance, Sundaram Asset Management and joint venture company Royal Sundaram General Insurance.

· The assets under management (AUM) in our lending and general insurance businesses stood at Rs. 80,939 crores as on 30th June 2025 as against Rs. 69,234 crores as on 30th June 2024, a growth of 17%. The assets under management of our asset management business stood at Rs. 80,501 crores as on 30th June 2025 as against Rs. 80,565 crores as on 30th June 2024.

· Profit after tax for Q1FY26 grew by 9% to Rs. 475 crores as compared to Rs. 435 crores in Q1FY25.

GROUP COMPANY PERFORMANCE HIGHLIGHTS

Our group companies continued to perform well.

· The asset management business closed the year ended 30th June 2025 with assets under management of Rs. 80,501 crores (over 80% in equity) and consolidated profits from the asset management businesses were at Rs. 45 crores as against Rs. 29 crores in Q1FY25.

· Royal Sundaram reported a Gross Written Premium (GWP) of Rs. 1,289 crores as compared to Rs. 1,114 crores in the previous year, representing a growth of 16%. The company reported a profit after tax of Rs. 127 crores for Q1FY26 as against a profit of Rs. 65 crores in Q1FY25.

· Sundaram Home Finance continued to grow strongly with disbursements up by 10% to Rs. 1,488 crores in Q1FY26. The profit for Q1FY26 was Rs. 62 crores, as against Rs. 66 crores in Q1FY25.

ABOUT SUNDARAM FINANCE

Sundaram Finance was established in 1954 and the company has today grown into one of the most trusted and diversified financial services groups in India providing financing for commercial vehicles, cars & utility vehicles, tractors and farm equipment, construction equipment, SME finance and a range of working capital products for financing diesel, tyres, insurance as well as working capital for SMEs. Through its subsidiaries and group companies, the company offers home finance, loans against property, mutual funds and investment management solutions and the full range of general insurance products and services. It has a nationwide presence of over 700 branches, over 1 lakh depositors and over 5 lakh lending customers.

Sundaram Finance’s vision is to be the most respected NBFC in the country and its mission is to deliver the Sundaram experience to all customers, big and small, in keeping with the ethos of the Company. Sundaram Finance embraces a philosophy that balances Growth with Quality and Profitability and remains rooted in its ideal of protecting and enhancing shareholder value. The founding philosophy of the company is that everything begins with the customer. Our founder, Late Sri T S Santhanam, enshrined in the company its core values – The Sundaram Way – that have been the company’s guiding light over the decades. The company is deeply rooted in its values and proud of its heritage, also constantly innovating in terms of technology and processes to deliver the unique Sundaram experience to its customers and stakeholders.

ABOUT TSF GROUP

With a legacy spanning a century, the TSF Group’s interests cover the automotive and financial services sectors. Companies promoted by the TSF Group have combined revenue of more than Rs. 26,000 crores, 42,000 employees, 1,200 branches, and 36 factories. In the automotive industry, the TSF group operates across segments from component manufacturing, parts distribution, vehicle dealership and vehicle financing. The Group serves marquee customers across the globe and is known for high quality design‐led manufacturing. The TSF Group companies are market leaders in their segments and include Brakes India, Wheels India, Axles India, Turbo Energy, IMPAL, Madras Auto Service, and Sundaram Motors. In financial services, the TSF Group promoted Sundaram Finance (founded 1954), one of the most respected names in the NBFC sector, with interests in automotive lending, general insurance, housing loans, and asset management. The financial services business has more than Rs. 80,000 crores in assets and a further Rs. 80,000 crores in assets managed. The TSF Group comprises the T.S. Santhanam branch of the erstwhile TVS group and continues the tradition of Trust, Value and Service that the group has been known for this past century.

Hari Chandana and Pinky Reddy inaugurated the First Edition of FLO Job Fair

Hyderabad, August 2, 2025 — FICCI Ladies Organisation (FLO), India’s premier women’s business chamber, marked a historic milestone with the launch of its first-ever National FLO Job Fair, inaugurated today at Avinash College of Commerce, Secunderabad. This flagship initiative, aimed at enabling direct access to employment and skilling opportunities, was rolled out in Hyderabad — the first of several FLO Chapters that will host similar job fairs across India in the coming months.

The Job Fair was supported by DEET – Digital Employment Exchange of Telangana, whose extensive database helped amplify the reach and connect relevant job seekers with suitable employers. Key corporate participants included PayTM, JustDial, HDFC, Insurance Saathi, Brilliant Biopharmaceuticals, VisionTek, Polmon, Dr. Rao’s ENT, Creamstone, and many others.

The participating companies offered job roles across departments such as Accounts, Sales, Digital Marketing, Microbiology, Admin, Design and more.

It was inaugurated by Ms. Hari Chandana Dasari, IAS, District Collector of Hyderabad, along with Ms. Pinky Reddy, FLO Past NTIONAL President, and Ms. Kamini Saraf, FLO National Vice Chairperson.  Ms. Hari Chandarna lauded the efforts of FLO and remarked. “By connecting job seekers, especially women and youth, to real opportunities, FLO is contributing meaningfully to Telangana’s employment ecosystem.”

I see a lot of gaps between jobs and job seekers.  When we did a similar event in Nalgonda, 10,000 job aspirants turned up just for 40 positions.  Such is the huge gap.  That needs to be bridged. This is a match-making between employees and employers, and it is the need of the hour, she said.

The important thing is the retention of employees.  To retain them, the concerned must work towards developing a sense of ownership and pride in the company.  Companies must provide such an atmosphere so that employees develop a sense of belongingness.  The Government of Telangana has given a lot of priority to skilling.   Telangana Government is revamping 65 government ITIs into Advanced Technology Centres (ATCs) in partnership.

Many Indians who go abroad and hold important portfolios are a testimony to the indian talent.  Future belongs to India, Ms. Hari Chandana told.

Guest of Honour, Ms. Pinky Reddy, Past National President, FLO, reflected on the organisation’s 43-year journey, stating, “This is a landmark moment for FLO. For the first time, we are bridging aspiration and opportunity in a structured, scalable manner. It is inspiring to see such alignment between purpose and action.”

Welcoming participants, Prathibha Kunda, Chairperson, FLO Hyderabad, said, “We are proud that Hyderabad is hosting the very first edition of this national drive.

Mr. J. Rajeshwar Reddy, Director of DEET—Digital Employment Exchange of Telangana, stated that the government’s digital job portal has enrolled 90,000 candidates seeking employment and 1,500 employers.  The city has over 150 training institutions such as Skill University, TASK etc.  Since the portal launched last December, the platform has released 2500 job notifications.   Currently, 10,000 vacancies are notified and are ready to be grabbed

He also outlined key government employment schemes such as the Employment Linked Incentive (ELI) Scheme, launched on July 1, 2025, which aims to create 3.5 crore formal jobs by incentivising EPFO-registered hires and the Production Linked Incentive (PLI) Scheme promotes domestic manufacturing and employment by offering incentives based on incremental sales. He also urged job seekers and job givers to visit the DEET Job Portal on www.deet.telangana.gov.in to seek more details.

CA Shubhraa Maheshwari, National Lead – FLO Academia-Industry-Government (AIG) Linkages and Past Chairperson, FLO Hyderabad, emphasised the initiative’s long-term impact “Our upcoming white paper titled ‘The Employment Landscape in India: Past Decade Analysis and Future Outlook (2015–2035)’ will be released in Delhi at the upcoming FLO Job Fair. Today’s event shows how research can lead to real-world change.”

Operational leadership for the program was steered by Priya Gazdar, Immediate Past Chairperson, FLO Hyderabad and National Lead – FLO Job Fair and part of the AIG team, who shared details about the backend systems. “We have created a seamless, tech-enabled experience — from employer onboarding to candidate-job matching and interview coordination. Today’s execution demonstrates what is possible when vision meets structure,” she said.

Sujitha Chityala, FLO Job Fair Lead for the Hyderabad Chapter, added, “The response was overwhelming.

Avinash College of Commerce offered its venue, and Notch Above supported the cause.

COMET and NARU: 400 Pairs, 2 Icons, 1 Cultural Crossover

India’s most exciting sneaker drop of the year is here – and it brings together two cult-favourite brands in an unexpected and unforgettable way. Introducing the COMET x NARU sneaker: a limited-edition collaboration between Comet, India’s leading homegrown sneaker label, and Naru Noodle Bar, the Bangalore-based restaurant ranked among the Top 50 in the country. This release marks a historic first and never before an Indian sneaker brand collaborated with a culinary institution of this stature.

Born from a shared hometown, a deep creative spirit, and a mutual respect for craft, the COMET x NARU sneaker celebrates the convergence of two parallel journeys. Every design detail is intentional and symbolic – from Naru’s embroidered logo on the side panel, to a monkey slurping ramen on the heel tab, a chopstick holder integrated as a side element, and hidden nods like “Uzumaki” and “Ajitama” tucked beneath the heel tabs. The sleek all-black colourway pays tribute to the chef uniforms worn at Naru – precise, minimal, and iconic.

This is not just a collectible, it’s a cultural statement. A reflection of what’s possible when two brands rooted in story, identity, and design come together. With just 400 pairs available, this marks Comet’s first collaboration drop in over a year, and a defining moment for Indian streetwear culture.

The COMET x NARU sneaker will launch exclusively at the Comet Bangalore store on Saturday, 2nd August 2025. Any remaining pairs will be released online on Sunday, 3rd August 2025.

Suzuki Motorcycle India clocks 1,13,600 Unit Sales in July25

Gurgaon, 2 August 2025: Suzuki Motorcycle India Pvt. Ltd. (SMIPL), the two-wheeler subsidiary of Suzuki Motor Corporation, Japan, today announced its sales performance for July 2025.

The company registered total sales of 1,13,600 units in July 2025. This includes 96,029 units sold in the domestic market and 17,571 units exported to international markets. In comparison, the company sold 1,16,714 units in July 2024, including 1,00,602 units in domestic sales and 16,112 units in exports.

Commenting on the performance, Mr. Deepak Mutreja, Vice President – Sales & Marketing, Suzuki Motorcycle India Pvt. Ltd., said, “We continue to receive strong support from our customers with retail sales of 93,141 units in the domestic market, a 14% growth over the same month last year (81,730 units). As we head into the festive season, we remain focussed on delivering a seamless & satisfying experience to our customers and continue our efforts towards sustaining momentum in the months to come.”

Raffles Udaipur Celebrates 4 Years of Elegance with a Month of Curated Experiences

1st August 2025 : Raffles Udaipur marks a magnificent milestone as it completes four years of timeless luxury, gracious service, and unforgettable memories. Nestled amidst the scenic Udai Sagar Lake and surrounded by the Aravalli Hills, the hotel commemorates this moment with a month-long celebration featuring a series of thoughtful events and offerings, welcoming guests to experience Raffles’ signature elegance, now extended to the newly unveiled Raffles Lakeshore.

Over the past four wonderful years, Raffles Udaipur has been honoured with some of the most prestigious recognitions in the luxury hospitality space. The property has been celebrated for its stunning architecture and design, acknowledged as one of India’s most iconic wedding destinations, and lauded for its outstanding dining experiences, including Sawai Kitchen which has earned awards for fine dining and guest experience. Its bars and mixology programmes have been commended for innovation, while the Raffles Spa has been named among the finest wellness retreats in the country.

The anniversary month commences with an exclusive Bar Takeover on 2nd August at Lakeshore, curated by the legendary Yangdup Lama. This immersive evening of spirited mixology features a bespoke beverage menu conceptualised for the occasion, complemented by a high-energy DJ performance, promising an unforgettable start to the month’s festivities.

In honour of this milestone, Raffles Udaipur introduces an exclusive Anniversary Stay Longer offer, inviting guests to linger and savour the beauty of India’s most elegant island retreat. Guests staying for a minimum of three nights through the anniversary month can enjoy a stay in a luxurious room or suite, a sumptuous breakfast each morning at The Dining Room, 15% savings on dining (excluding alcohol), and 15% savings on rejuvenating treatments at the Raffles Spa. This extended-stay experience is designed to encourage travellers to slow down and immerse themselves in the tranquillity and elegance of Raffles Udaipur.

The anniversary month will continue to unfold with thoughtfully curated experiences, including an intimate Blindfold Dining Experience by invitation and other exclusive offerings. Each moment has been crafted to embody the brand’s legacy of fine craftsmanship, wellbeing, and meaningful celebrations.

“As Raffles Udaipur enters its fifth year, the property continues to expand its vision, creating spaces and experiences that are as meaningful as they are memorable, inviting discerning travellers to immerse themselves in a legacy that transcends time,” said Rajesh Namby, General Manager, Raffles Udaipur.