Category Archives: Business

Metro Brands Limited Reports Steady Performance in Ǫ1 FY 2025-26 EBITDA margin of 31.4% in Ǫ1 FY 2025-26

Mumbai, 8^th August 2025: Metro Brands Limited, one of the largest Indian footwear specialty retailer, today announced the Standalone and Consolidated Financial Results for the quarter ended 30th June 2025.

Metro Brands Limited delivered a steady performance in the first quarter of FY 2025–26, driven by sustained consumer demand and a focused execution of strategic initiatives. During the quarter, Metro Brands reported a standalone revenue of INR 615 crores, registering a year-on-year growth of 9.2%. The growth was supported by an increase in wedding-related footfall, owing to a higher number during the quarter.

Revenue from E-commerce, including omni-channel sales grew by 45%, contributing to 13.7% of the revenue (compared to 10.4% in Ǫ1 FY25). Gross margin for the quarter was reported at 59.7%, while the PAT margin stood at 15.7%. The Company added 20 new stores across formats during the quarter, further expanding its footprint and presence in key markets.

Commenting on the results, Mr. Nissan Joseph, CEO, Metro Brands Limited, said, “Ǫ1 FY 2025–2C was a quarter of stable growth for the business, supported by strong consumer sentiment and consistent execution across channels. While external factors such as the preponement of Eid to March, an early onset of monsoons, and ongoing global geopolitical tensions posed minor challenges, we remained focused on delivering a seamless customer experience both online and offline. Our continued investments in digital and retail expansion enabled us to maintain momentum.”

 During the quarter, Metro Brands also signed a long-term strategic partnership with Clarks, becoming its exclusive licensee and distributor across India, Bangladesh, Nepal, Bhutan, Maldives, and Sri Lanka. This agreement grants Metro Brands exclusive rights to manage the brand’s presence across all channels of trade, including exclusive brand outlets, multi- brand outlets, e-commerce platforms, and distribution networks. Clarks will be launched in Ǫ3 of this financial year.

As part of its premium brand strategy, the Company is preparing to launch three new Foot Locker stores ahead of the festive season in Ǫ3 FY 2025–26. Additionally, plans are in place to open new exclusive brand outlets for FILA in the second half of the fiscal year, further strengthening Metro Brands’ premium offering and consumer connect.

Metro Brands remains committed to driving long-term growth through strategic partnerships, digital acceleration, and a differentiated retail footprint, reinforcing its position as a leading player in India’s branded footwear industry.

CMAI Raises Alarm Over Proposed 50 Percentage U.S. Tariff on Indian Apparel Exports

The Clothing Manufacturers Association of India (CMAI) has expressed deep concern over the United States’ decision to further increase tariffs for from 25% to 50%, calling it a severe setback to Indian apparel exports.

“The imposition of an additional 25% tariffs on India will deliver a crippling blow to the Indian apparel industry. The proposed 50% tariff will increase the cost of Indian apparel by 30–35% compared to alternatives from countries like Bangladesh and Vietnam, making Indian exports uncompetitive in the global market. Buyers are unlikely to bear such a substantial pricing gap, which could lead to a sharp decline in export orders,” expressed Santosh Katariya, President of Clothing Manufacturers Association of India (CMAI). He further denounced the move as “unjustified, unfair, and arbitrary.”

CMAI cautions that such elevated duties could severely destabilise the Indian apparel industry and leading to factory closures, unemployment, and widespread economic distress.

Ankur Gadia, Vice President of Clothing Manufacturers Association of India (CMAI), added, “We urge the Government of India to take a firm and proactive stance on this matter and work towards negotiating more balanced and equitable trade terms with the United States.”

Rahul Mehta, Chief Mentor of Clothing Manufacturers Association of India (CMAI), stated, “While we continue to hope that this development is part of a broader negotiation strategy, we strongly recommend that both the Government and the industry collaborate urgently to devise measures that can mitigate the adverse impact of this draconian levy.”

CMAI anticipates that the coming months will be extremely challenging for the Indian apparel export sector and calls for strategic intervention to safeguard the industry’s long-term viability.

Panasonic Revamps TV Lineup, Relaunches ShinobiPro MiniLED Flagship for Premium 4K

Panasonic strengthens its TV Portfolio, reintroduces ShinobiPro – the flagship MiniLED Series; reinforces its commitment to premium 4K 

Delhi, 07 August 2025: Panasonic Life Solutions India (PLSIND) – the diversified technology company today launched its all-new P-Series TV range including its flagship ShinobiPro – MiniLED range designed to deliver powerful performance, intuitive smart experiences, and immersive sound. The new line-up includes 21 new LED models ranging from ShinobiPro MiniLED, 4K Google TV, Full HD & HD ready range of Google TVs that cater to diverse Indian households from premium entertainment enthusiasts to compact home users. With the rise in demand for premium, high-quality viewing experiences, Panasonic has launched the P-Series—an advanced and diverse TV line-up featuring key innovations such as 4K Studio colour engine, Hexa Chroma Drive, Accuview Display, Dolby Vision , Dolby Atmos, DTS TruSurround, built-in Chromecast, ALLM (Auto Low Latency Mode), bezel-less design to name a few—designed to meet the evolving preferences of modern Indian consumers. The P Series offers value-based pricing starting from INR ₹17,990 to ₹399,990 ensuring value-driven options for every segment. Panasonic’s range is available across all Panasonic authorised stores (offline) and online e-commerce platforms & Panasonic’s D2C platform.   

ShinobiPro MiniLED – 75inches – Panasonic’s D2C platform link 

ShinobiPro MiniLEDs – 65 inches – Panasonic’s D2C platform link

Panasonic’s ShinobiPro concept is inspired by a Ninja’s agility, stealth and tactics. Drawing a parallel to the televisions the focus of the series is on:

• Precision: to drive clear visuals and smart processing; powered by a 4K Studio Color Engine, Hexa Chroma Drive
• Motion: to deliver the smoothest images in fast moving scenes with 120Hz refresh rate and MEMC technology
• Sound: to deliver balanced & immersive audio through Dolby Atmos® audio 
• Design: to seamlessly blend in consumer’s living spaces

Complementing it further are Panasonic Soundbars that feature technologies such as Dolby Digital Plus, 3D surround sound, touch control to name a few. These soundbars range from 160W (2.1) to 600W (5.1) starting from INR 12,990.

Commenting during the launch, Fumiyasu Fujimori, Managing Director, Panasonic Marketing India (PMIN), Panasonic Life Solutions India (PLSIND), said, “At Panasonic, we’re driven by innovation that enriches lives, creating technology that seamlessly blends into the heart of Indian homes. With the new P Series, we’re bringing personalized entertainment to every family, from the immersive brilliance of large 4K screens to the sleek versatility of compact smart TVs. This launch reflects our commitment to delivering cutting-edge, future-ready TVs that elevate shared moments—be it festive movie nights or daily family viewing—into extraordinary experiences, all in one Panasonic screen.”

Samaksh Ahuja, Product Category Chief, CE & HA, Panasonic Marketing India (PMIN), PLSIND said, “In 2025, the television market in India is estimated at USD 2.6 billion, and while it’s projected to grow modestly in the coming years, the demand for smart TVs is seeing a strong upward trend. This is being fuelled by greater access to high-speed internet, a rise in OTT content consumption, and a shift towards connected living. At Panasonic, we’re shaping this digital shift through our latest LED offerings.  The reintroduction of ShinobiPro -the flagship Mini 4K Smart LED TV is a testament to design, performance, and innovation—crafted for today’s discerning viewers. Designed for modern Indian homes Panasonic ShinobiPro MiniLEDs and the P-series offer stunning 4K visuals, immersive sound, and seamless integration with smarter ecosystems. These televisions deliver unmatched value and convenience, transforming binge-watching sessions or family entertainment into delightful experiences, all while keeping you effortlessly connected to your favourite content.”

FTCCI urges the Telangana Government to support and protect exporters amid Global Trade Challenges

Hyderabad, August 7, 2025 – The Federation of Telangana Chambers of Commerce and Industry (FTCCI) has submitted a representation to Sri Duddilla Sridhar Babu, Hon’ble Minister for Industries & Commerce, IT, E&C and Legislative Affairs, Government of Telangana, urging the state government to take immediate steps to protect exporters from Telangana from the impact of global trade uncertainties.

FTCCI President Mr. R. Ravi Kumar expressed serious concern over the potential escalation of tariffs on Indian exports by the United States, which could significantly impact Telangana’s export-driven sectors such as chemicals, agricultural products (including rice), engineering goods, textiles, and gems and jewellery. These industries contribute substantially to the state’s GSDP, employment generation, and government revenues.

The threat of higher tariffs and penalties, coupled with weakening capital inflows, poses a grave challenge to exporters and MSMEs operating in the state. While the Government of India is actively exploring measures to mitigate the impact—such as recalibrating bank risk models to lower borrowing costs, reducing testing and certification fees, and launching an Export Promotion Mission—FTCCI believes that state-level interventions are equally vital.

In its appeal, FTCCI has recommended the following key support measures from the Telangana Government:

1. Exemption of Trade License Fee for manufacturing industries.

2. Reduction in Trade License Fees for commercial establishments, reverting to the earlier cap of ₹7,000 per annum, in line with practices in other states.

3. Expedited release of pending incentives to MSMEs and large industries.

4. Subsidies on logistics costs to make Telangana’s exports more competitive globally.

Mr. Ravi Kumar emphasised that timely and targeted support will give exporters the confidence that the state government stands firmly with them during global disruptions. “Shielding exporters from external shocks is essential not just for protecting existing businesses but also for sustaining employment and economic growth in Telangana,” he said.

FTCCI reiterated its commitment to working closely with the government to safeguard the interests of the business community and ensure that Telangana remains a robust contributor to India’s export economy.

Presenting Farro Experiences, Where Food Becomes a Story Worth Telling

There’s something quietly distinctive about a Farro event. It doesn’t shout or rely on excess. It invites you in through flavour, story, and moments that feel thoughtfully personal and beautifully unhurried. Farro Experiences was founded in July 2023 by Chef Meherwan Bawa, Karan Malik, and Mehma Bawa, a trio connected by a shared love for food that feels lived in, not just styled. Together, they bring decades of experience from the world of hospitality, but Farro was never meant to be just another catering company. It’s a philosophy – one that values depth over display, and craft over convention.

Chef Meherwan’s journey began in the kitchens of the Oberoi STEP programme and led him to Michelin-starred restaurants in Italy and Toronto, where technique fulfilled instinct, and ingredients were treated with quiet reverence. That training now flows into each Farro menu, whether it’s a nostalgic chutney or an umami-rich ramen bowl. Alongside him, Mehma handles the machinery behind the scenes, finance, operations, and structure. He has built and managed two premium food brands, including Pete’s Deli, a NYC-style deli based in Delhi. Karan brings a curious, creative energy and an eye for experience design, drawing on his experience as one of the co-founders of Long Finish and years spent turning bold ideas into beloved food brands. What they’ve created together is something rare in India’s hospitality landscape, an experience that balances precision with emotion. Farro works closely with every client to design events that don’t just look beautiful but feel considered. The themes are never templated; they grow from the guest, the setting, and the season. A Japanese evening might feature sakura blossoms and elegant plating, or a more rustic gathering may lean into terracotta serveware and bold, sun-soaked flavours. Every decision, from sourcing to styling, carries meaning.

Even the name, Farro, is a quiet nod to simplicity and endurance. It is an ancient grain rooted in nourishment and resilience. It reminisces a deeper belief that good food doesn’t need to be complicated to be meaningful. It just needs to be real. There’s a kind of rhythm to how Farro works. Here, conversations come first, then moodboards, and then menus. The team doesn’t chase novelty for novelty’s sake; instead, they chase feeling. The kind that stays with you and tells stories about later. As the brand continues to evolve, its focus remains grounded. Farro plans to expand its presence to cities like Jaipur and Chandigarh, with a series of small-format pop-ups also in the works. These will be quieter, more intimate showcases, set in incredible spaces, designed to introduce new audiences to the Farro way of doing things. As part of its growth, Farro is also deepening its presence in the wedding space, taking on curated catering assignments for destination weddings and pre-wedding celebrations. In a world of copy-paste catering, Farro offers something rarer. Food with depth and stories with flavour. It presents an experience that always feels one-of-a-kind.

Embark on a Coastal Culinary Voyage at Novotel Pune with “Stories from the Shores” food festival

Pune, 7 August 2025: Novotel Pune invites you to experience “The Stories from the Shores” at The Square, a delightful celebration of India’s coastal culinary heritage. From 8th to 17th August, diners can immerse themselves in the authentic flavours of India’s shores with a specially curated spread showcasing timeless coastal treasures.

The feast promises an unforgettable journey through India’s diverse coastline with highlights such as Malabar Avial, Mangalorean Cashewnut Curry, Egg Hopper with Kadala Curry, Thalassery Biryani, Malabar Prawn Curry, Ghee Roast Neer Dosa, and Meen Moilee. Each dish captures the essence of traditional coastal recipes, delivering a vibrant symphony of spices, coconut, and fresh herbs.

Commenting on the festival, Mr. Anant Leekha, General Manager, Novotel Pune, said, “At Novotel Pune, we are always committed to offering our guests authentic and diverse dining experiences. ‘The Stories from the Shores’ is a tribute to India’s rich coastal culinary legacy, bringing together beloved regional dishes that celebrate both nostalgia and timeless flavours.” Chef, Gaurav Mawari, Executive Chef added “From the rich spices of Mangalore to the delicate flavors of Kerala, each dish tells a story of tradition, culture, and regional pride. It’s a culinary journey that celebrates the diversity of our coastal cuisine.”

Guests can expect a warm and inviting ambience that perfectly complements this flavoursome voyage, making it an ideal opportunity to relish regional favourites with friends and family.

So, gather your loved ones and head to The Square at Novotel Pune Nagar Road to discover India’s coastal treasures through “The Stories from the Shores.”

Iron Mountain to acquire Capital Record Centre Private Limited

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

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

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

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

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

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

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

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

Advaiya Launches Account 360 for Dynamics 365 Sales on Microsoft AppSource

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

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

Key features:

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

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

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

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

What’s in it for Your Teams?

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

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

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

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

Why is Account 360 a game-changer?

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

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

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

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

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

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

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

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

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

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