Category Archives: Business

Competition Commission of India (CCI) approves merger between Aster DM Healthcare and Quality Care India Ltd

Bengaluru, April 18, 2025: The Competition Commission of India (CCI), in its meeting held on April 15, 2025, has approved the proposed merger between Aster DM Healthcare Limited and Quality Care India Ltd, under Section 31(1) of the Competition Act, 2002.

The merged entity ‘Aster DM Quality Care’ will be jointly controlled by Aster Promoters and Blackstone and brings together the strengths of two leading healthcare providers with a common vision of expanding access to high-quality medical care across the country.

Dr. Azad Moopen, Founder & Chairman, Aster DM Healthcare, said, “For the merger to complete, the CCI approval is an important milestone, and we are happy that we got the approval from regulatory authority. The merger of Aster DM Healthcare and Quality Care India is not merely a consolidation of resources, but a convergence of vision, expertise, and a shared commitment to building one of the largest and most impactful healthcare networks in the country. The approval reflects the strength of our combined vision and our collective potential to enhance healthcare access and quality. The integration of Aster and Quality Care’s extensive networks and operational expertise will significantly strengthen our capacity to deliver world-class healthcare, foster innovation, and elevate patient outcomes. Together, we are setting the stage for a new era in healthcare.”

The merged entity ‘Aster DM Quality Care Limited’ will have a combined portfolio of four leading brands: Aster DM, CARE Hospitals, KIMSHEALTH and Evercare. The combined entity will have a network of 38 hospitals and 10,150+ beds spread across 27 cities making it one of the top 3 hospital chains in India. The merged entity is expected to grow to ~13,300 beds by FY27 through internal accruals/cash on hand with a mix of greenfield and brownfield opportunities.

The merged entity is expected to unlock significant synergies that will drive growth, enhance operational efficiency, and elevate the standard of patient care across the network. It will enable the sharing of best practices, standardization of clinical protocols, and collaboration across specialties – leading to improved outcomes and service quality. Additionally, the increased scale will support greater investment in advanced healthcare technologies and digital platforms, fostering innovation and enabling more seamless patient experiences.

The merger transaction is expected to be completed during this year.

Shilton Hospitality’s 22 Catering Reaches Milestone of 500 Events serving 1 million people in 3 Years

Bangalore, April 17, 2025: Shilton Hospitality, a leading hospitality company, is proud to announce that its premier catering division, 22 Catering, has reached a significant milestone of catering for over 500 events and having served 1 million/ 10 lakh people in just three years since its inception in 2022.

22 Catering is Shilton Hospitality’s bespoke catering service, specializing in corporate events, private celebrations, and luxury weddings. With a team of expert chefs and trained service professionals, 22 Catering delivers exceptional guest experiences through customized menus, impeccable service, and attention to detail.

Backed by a team of experts, 22 Catering continues to set a new benchmark in the catering space, delivering memorable, high-quality dining experiences that delight every guest.

“We’re thrilled to have reached this milestone and grateful to our clients for trusting us with their special events,” said Vishal Wadhwa, Director of Shilton Hospitality. “Our team has worked tirelessly to deliver exceptional experiences, and we’re proud of what we’ve achieved.”

“As we look to the future, we’re excited to continue innovating and pushing the boundaries of what’s possible in the world of catering,” added Vishal Wadhwa. “We’re committed to staying ahead of the curve and delivering experiences that exceed our clients’ expectations.”

Industry Leaders share vision for innovation-driven growth at 10th Corporate Summit of Jaipuria Institute of Management, Ghaziabad

The Jaipuria Institute of Management, Ghaziabad, proudly hosted its 10th Corporate Summit on the theme “Innovation-Driven Growth Strategies for 2030” at Hotel Radisson Blu, Kaushambi, Ghaziabad, on Saturday, 29th March 2025. The summit brought together eminent leaders from the Retail & FMCG, IT & Analytics, and Fintech sectors to explore innovation as the driving force for business transformation and strategic growth in the next decade.

The event commenced with the ceremonial lighting of the lamp, followed by an inspiring theme address by Mr. Shishir Jaipuria, Chairman of the Seth Anandram Jaipuria Group of Educational Institutions, who warmly welcomed all the distinguished guests and participants. In his address, Mr. Jaipuria said, “As India strides forward with the ambition of Viksit Bharat, the corporate commitment to the 2030 vision is pivotal in building an economy that is not only robust and competitive but also equitable and environmentally conscious.”

The inaugural session was further enriched with insightful addresses by esteemed Guests of Honour by Mr. Biswajit Bhattacharya, Partner & Automotive Industry Leader, IBM, Mr. Amit Pandey, CEO, Orient Cables, Mr. Sandeep Girotra, Executive Director & CHRO, DCM Shriram Ltd. Prof. (Dr.) Daviender Narang, Director of Jaipuria Institute of Management, Ghaziabad, delivered the vote of thanks, setting a tone for the engaging sessions ahead.

The summit featured three dynamic panel discussions, each focused on a key domain shaping India’s business ecosystem. Panel Discussion 1 was based on Retail & FMCG sector on the topic
“Shaping the Future of Consumer-Centric Innovation”. Industry stalwarts discussed how digital advancements, sustainability, supply chain innovation, and agile practices are reshaping the FMCG and retail landscape for tomorrow’s consumers.

The Panel Discussion 2 was based on IT & Analytics sector on the topic “Empowering Tomorrow’s Digital Transformation”. The discussion emphasized the transformative role of AI, data analytics, cybersecurity, agile infrastructure, and automation in business strategy and operational excellence. The Panel Discussion 3 was on the Fintech sector on the topic “Redefining Financial Ecosystems with Digital Innovation”. Experts delved into emerging trends in fintech, digital payments, financial inclusion, regulatory frameworks, and the ethical use of big data and AI in financial services.

The summit witnessed active participation from several prestigious companies across various sectors. Delegates from IBM, Orient Cables, DCM Shriram Ltd., Varun Beverages Ltd., Veeba (VRB Consumer Products), Patanjali Ayurved, Falcon Agrifriz Foods, Spark Minda, Jivo Wellness, Amdocs, India Glycol, Advantage Club.ai, BT Group, Concept Venture, ASK Asset & Wealth Management, Protean eGov Technologies, Ernst & Young (EY), SBI Cards, Kotak Mahindra Bank, Axis Bank, and Due North Strategic Solutions took part in the discussions. Their valuable insights, innovative perspectives, and industry experiences enriched the summit, making it a thought-provoking and knowledge-driven event.

The summit witnessed enthusiastic participation by more than 400 people, including from corporate leaders, academic experts, and management students, facilitating rich knowledge exchange and networking opportunities.

A key highlight of the event was the Alumni Achievers Award 2025, recognizing outstanding contributions made by the institute’s alumni in various domains, reinforcing Jaipuria’s enduring commitment to excellence and leadership development.

The 10th Corporate Summit concluded on a high note, with renewed commitment towards fostering innovation, collaboration, and strategic thinking – key pillars for India’s growth vision leading to 2030.

Trillionloans Announces Sandeep Singh As The Chief Executive Officer

National, 17th April 2025: Trillionloans Fintech Private Limited (TFPL), a rapidly growing digital first RBI regulated NBFC, today announced the appointment of Sandeep Singh as its Chief Executive Officer (CEO).

Sabyasachi Senapati, Executive Director at Trillionloans, will be taking on a new role at BharatPe Group going forward. He will be leading key growth initiatives and central platform, leveraging his extensive experience to drive growth across key business verticals. He will continue to serve as a Whole-time Director on the Board of Trillionloans to enable a smooth transition.

Sandeep brings over 16 years of cross-industry experience spanning digital and retail lending, life insurance and enterprise software. Over the past decade, he has built deep expertise in financial services and has successfully led and scaled digital lending operations. His leadership spans across profit and loss management, product strategy, distribution growth, channel development, digital partnerships, strategic alliances, and customer service—making him well-equipped to drive TFPL’s next phase of growth.

Trillionloans’ mission is to democratize access to credit by offering financial solutions that cater to underserved businesses and individuals. With an expanding portfolio that includes merchant loans, MSME financing, revenue-based lending, consumer credit, and vehicle loans, the company is transforming lending by making it faster, more efficient, and accessible. The company was recently awarded an ‘IND BBB+’ credit rating with a Stable Outlook by India Ratings & Research (Ind-Ra).

The company has undergone a period of rapid expansion, with BharatPe owning majority stake in the company. This investment has enabled Trillionloans to significantly scale its loan book, offering seamless and tech-driven credit solutions to merchants, SMEs, and consumers.

Nalin Negi, CEO of BharatPe said, “We are pleased to welcome Sandeep Singh as CEO of Trillionloans. With his strong execution track record and deep expertise in lending, he is well-equipped to lead the company into its next phase of growth. As majority stakeholders, we see Trillionloans as a key pillar of our credit strategy, and under Sandeep’s leadership, we’re confident in building a responsible, scalable, and customer-first lending business. It also gives me great pleasure to welcome back Sabyasachi Senapati to BharatPe. His stellar contribution in shaping Trillionloans has laid a strong foundation for what lies ahead.”

Sandeep Singh, CEO of Trillionloans said, “I’m excited to take on this new responsibility and lead Trillionloans at such a pivotal time in its journey. With strong backing from BharatPe and a growing demand for accessible credit solutions, we’re in a unique position to create meaningful impact. My focus will be on building scalable, tech-led lending products that meet the evolving needs of our customers, while ensuring we grow in a way that is both sustainable and responsible.”

Sugatsune Redefines Minimalism with HES3D-120 Hinges

Sugatsune unveils the HES3D-120 Concealed Hinges, a premium solution designed to redefine interior spaces with a sleek, modern aesthetic. Expertly engineered for high-end residential and commercial applications, these hinges offer a flawless blend of style, durability, and performance. Built from superior materials and designed for effortless installation, the HES3D-120 brings a new level of refinement to architectural hardware.

With a thin profile of just 21 mm, the HES3D-120 allows for a shallow mortise, making it ideal for projects where minimal disruption to the door structure is essential. The innovative hinge design divides into two parts, one for the door and one for the jamb, allowing doors to be temporarily hung before final fixing with screws. Post-installation, the hinge offers full 3D adjustability (vertical, horizontal, and depth), ensuring perfect alignment and simplifying door hanging for a professional finish.

Designed to remain completely hidden from view when the door is closed, the HES3D-120 ensures a clean, uninterrupted surface that enhances the door’s beauty without visual distractions. Whether used in luxury residences, commercial fit-outs, hidden rooms, industrial access doors, or museum display cases, these concealed hinges deliver consistent, smooth door movement while maintaining a sophisticated appearance.

Available in three elegant finishes –Silver, Champagne Gold and Black, the hinge can also be customized in different colors on request, offering flexibility to match various design styles, from classic to modern Indian interiors.

The HES3D-120 is built for demanding applications, supporting doors up to 40 kg with a maximum height of 2400 mm and width of 900 mm, and requiring a minimum door thickness of 29 mm. High-quality stainless steel construction ensures excellent durability, even under challenging conditions. A concealed mechanism not only guarantees smooth operation and soft closing but also enhances safety by minimizing the risk of finger injuries. Covered caps discreetly hide screw heads, providing a polished, refined finish.

With a focus on intelligent engineering, minimalistic design, and simplified installation, Sugatsune’s HES3D-120 concealed hinges offer an effortless way to create seamless, elegant spaces. Whether for new builds or renovation projects, these hinges are the ideal choice for achieving premium interiors with enduring quality.

Springman Apparel Achieves INR 5 Crore Milestone in FY 2024–25; Eyes Rapid Expansion with 10 New Stores in Tier-1 Cities

New Delhi, April 17, 2025 — Springman Apparel Private Limited, a fast-growing player in India’s apparel sector, has proudly announced a significant achievement of ₹5 crore in revenue for the financial year 2024–25—marking a remarkable 9x year-on-year growth. Building on this success, the company has ambitious plans to further scale operations by launching 10 new offline outlets across Tier-1 cities in FY 2025–26.

Springman Apparel operates on a tested and proven dual business model, combining contract manufacturing with a growing in-house brand presence. This strategic approach is tailored to tap into India’s massive $230 billion apparel market, providing a strong foundation for exponential growth.

“We’re seeing strong traction in both our B2B and D2C segments. Our integrated model gives us the agility to serve major clients while also building a brand that resonates with modern consumers,” said Mr. Suman Saha, Director of Springman Apparel.

Springman’s contract manufacturing clientele includes leading names like Zepto, Cult Fit, The Bear House, Code Yellow, and several others. In parallel, the company is aggressively expanding its in-house brand footprint through popular marketplaces such as Myntra, Flipkart, Amazon, Ajio, and its own D2C e-commerce platform.

Looking ahead, Springman Apparel is projecting a 12x growth in FY 2025–26, targeting ₹40 crore in revenue with a 23% EBITDA margin. With strategic investments in brand development and offline retail, the company is well-positioned to make a significant mark in India’s fashion and lifestyle industry.

Consumer-Focused Shift: Univision Foods Rolls Out ‘Tauffa’ and ‘Nut n Berry’ in B2C Push

Gurugram, April 11, 2025 – Univision Foods, a fast-growing name in the FMCG sector focusing on dry fruits segment, is making a significant expansion from B2B to the B2C market with the launch of its own brands, Tauffa and Nut n Berry. Known for its commitment to high-quality, accessible nutrition, Univision has built a strong presence in the industry with a focus on stringent quality standards, unique packaging and consumer trust. The company is now set to revolutionize the direct-to-consumer space with sharp pricing strategies and superior product quality, ensuring premium dry fruits is available to every household.

Univision launched Tauffa as a pilot project in January this year, which surpassed hopes, yielding over ₹10 million in sales in only three months. Tauffa has been able to satisfy a broad customer range with 15 SKUs, offering reasonable top-quality solutions for daily domestic requirements. The product range has cashews, almonds, raisins, pistachio, walnut, anjeer, munakka, dates, trail mix and seeds mix.

Tauffa comes with a3-layer zipper pouch packaging, with proper vacuum and nitrogen flushing to ensure the freshness of the products, which aesthetically gives a premium feel. The brand is available through quick commerce platforms such as Swiggy-instamart, Blinkit and market placed platforms – Amazon and Flipkart. Tauffa is also available in modern trade and general trade markets in Eastern U.P, Delhi/NCR and Guwahati.

Conversely, as a luxury brand distributed mostly through fast commerce sites and high-end retail stores, Nut n Berry will appeal to urban customer base. Initially debuting with 5 SKUs, Nut n Berry seeks to redefine the high-end dry fruit market.

On venturing into the B2C market, Chaudhary Dev Pratap Singh, Founder of Univision Foods says, “Having established ourselves in the B2B space, we are now venturing into the B2C market with Tauffa and Nut n Berry. Our goal is to reach consumers across the country with premium-quality products that stand out in the industry.”

From Freezer to Fridge in Minutes: Whirlpool Redefines Speed with Convertible Innovation

New Delhi, 11 April 2025 – Whirlpool of India, a subsidiary of Whirlpool Corporation and a pioneer in home appliances, is pleased to announce a significant technology upgrade & the best innovation in refrigeration technology – India’s fastest convertible refrigerator. Whirlpool’s IntelliFresh Pro range of top mount (frost-free) refrigerators offer a smarter way to store extra food; it converts its freezer to a fridge in just over 10 minutes!

Today’s consumers seek smart, time-saving solutions, and in the world of refrigerators, convertibility has become the latest must-have feature. But in real-world use, speed is what truly matters. Whether you’re stocking up on groceries, preparing for a festive celebration, or accommodating last-minute guests, waiting for hours for a freezer-to-fridge* conversion is no longer an option. Inspired by this consumer insight, Whirlpool has enhanced the Intellifresh Pro Range of top-mount frost-free refrigerators so that the freezer converts into a fridge in just over 10 min —providing extra storage space, instantly!

India’s fastest convertible refrigerator range from Whirlpool is designed to deliver holistic food preservation, with 2X longer Vitamin retention and Microblock technology that prevents up to 99% bacterial growth—helping keep food fresher and safer for longer.

Powered by Whirlpool’s proprietary 6th Sense Technology, the convertible range is engineered to provide unparalleled adaptability. With 10 unique and relevant cooling modes, consumers can customize their refrigerator settings to suit their lifestyle – from storing fresh groceries to hosting a party or preserving seasonal delicacies.

Unmatched Features for Modern Homes:

• India’s Fastest Conversion: Converts from freezer to fridge* in just 10 minutes
• 10-in-1 Convertible Modes: Personalized cooling solutions for every need
• 6th Sense Technology: Unique 6th Sense technology intuitively senses and manages the temperature, humidity & air
• circulation to give you perfect comfort at pressing a single button.
• Premium Aesthetics: Seamless interiors and elegant exteriors for a stylish kitchen
• Best-in-Class Convenience: Spacious design, toughened glass shelves, and smart storage solutions

 Commenting on the technology upgrade to the Intellifresh Pro Top Mount refrigerators – India’s fastest convertible range, Mr. Nakul Tewari, Vice President-Marketing, Whirlpool of India said, “We are excited to enhance the IntelliFresh Pro range of convertible top mount (Frost-Free) Refrigerators to deliver instant conversion from freezer to fridge, now in just over 10 min! India’s fastest convertible refrigerator now delivers even greater convenience and versatility. This upgrade reflects Whirlpool’s ongoing commitment to innovation and providing consumer-centric solutions”

Arihant Academy Scales Up in Mumbai, Acquires Carmel Classes for USD 1.2 Million

Mumbai, India, 11th April 2025: Arihant Academy, a NSE listed education company, today announced that it has successfully acquired 100% stake in Carmel Classes and Carmel Tuitions in a deal valued at USD 1.2 million. Through this consolidation, Arihant Academy further strengthens its capabilities and expands its reach across Vasai and overall Mumbai.

The deal covers substantial infrastructure of almost 30 Carmel classrooms that will be added to Arihant’s portfolio along with a student base of over 2000+; thus, bolstering Arihant Academy’s reach and market share. Furthermore, these coalitions will boost a diversified course offerings and incorporate a wider range of curricula and subjects for Std. VIII, IX & X across State Board, CBSE and ICSE Divisions, Std. XI & XII – Commerce division along with professional courses such as CA & CS and IELTS English test. The acquisitions will further reinforce Arihant’s market leadership in the city’s education sector.

Speaking about the acquisitions, Mr. Anil Kapasi, Co-founder of Arihant Academy, expressed his enthusiasm, “The strategic integrations mark a significant milestone in our journey. Carmel Classes under the leadership of Shibu Sir, have built a strong reputation over the years, and we are honored to carry forward their legacy. With these coaching giants coming together, we plan to take the education system to the next level. Both the teams are fuelled by the desire to give the best education to our students not only in the form of facilities but also faculties. By combining our expertise, resources, and technology-driven education methods, we aim to enhance the learning experience for all students.”

Mr. Shibu Nair, the esteemed founder of Carmel Classes, said, “Since our inception in 1994, our goal has been to nurture students with quality education. Joining hands with Arihant Academy ensures that our students will now have access to advanced digital learning platforms, experienced faculty, and a vast academic network. I am confident that this collaboration will bring the best opportunities for our students.”

Infrastructure Innovation Rewarded: Persistent Wins Google Cloud APAC Partner of the Year 2025

April 11, 2025 Santa Clara, CA and Pune, India

Persistent Systems, a global leader in Digital Engineering and Enterprise Modernization, announced today that it has received the 2025 Google Cloud Infrastructure Modernization Partner of the Year Award for Asia Pacific. This prestigious recognition highlights Persistent’s achievements in helping enterprises seamlessly transition to Google Cloud, enabling cost optimization, scalability, and advanced AI-driven analytics to accelerate business growth.

Persistent was selected for this award based on its successful execution of one of the largest Google Cloud migrations globally, helping a leading e-commerce platform transition 6,000+ microservices, 100+ PB of data, and large-scale AI/ML workloads to Google Cloud. Given the scale and complexity of migrating highly interdependent applications, data pipelines, and databases, Persistent ensured uninterrupted services for the e-commerce platform with zero downtime. The migration improved scalability, reduced cloud costs by 30%, and enhanced platform performance, empowering 100 million small businesses across India’s digital economy.

In 2025, Persistent solidified its position as a leading cloud transformation partner, driving innovation through large-scale migrations, AI-driven insights, and cloud-native solutions. Building on its strategic partnership agreement with Google Cloud, this recognition reaffirms Persistent’s commitment to helping businesses across industries modernize their infrastructure, optimize operations, and unlock new growth opportunities on Google Cloud.

Vijay Verma, Chief Revenue Officer – Service Lines, Persistent

“For over a decade, Persistent has partnered with Google Cloud Platform (GCP) to help clients overcome challenges and achieve their business goals. Our deep expertise and strong relationship with GCP allow us to develop effective strategies for migration and maintenance, driving accelerated growth. We’re excited to have collaborated with India’s leading e-commerce platform on a significant cloud transformation project—an exhilarating journey of large-scale migration.”

Kevin Ichhpurani, President, Global Partner Ecosystem, Google Cloud

“Google Cloud’s Partner Awards recognize partners who have created outsized value for customers through the delivery of innovative solutions and a high level of expertise. We’re proud to announce Persistent as a 2025 Google Cloud Partner Award winner and celebrate their impact enabling customer success over the past year.”