Category Archives: Business

Window Magic Unveils ‘Window Magic Atelier’, Launches Ultra-Luxury Fenestration Range ‘WM AURA’ for Indian Market

New Delhi, 1st July: Window Magic, one of India’s leading providers of luxury uPVC and aluminium fenestration solutions, today announced the opening of ‘Window Magic Atelier’, India’s first-of-its-kind luxury fenestration experience centre, located at the prime South Delhi location. This also marks the launch of WM AURA, Window Magic’s ultra-luxury fenestration range, developed in strategic collaboration with one of Europe’s most renowned pioneers in advanced aluminium architectural systems.

Envisioned as an immersive destination for architects, developers, interior designers, and discerning homeowners, Window Magic Atelier reimagines how luxury doors, windows, and façade systems are experienced. The centre showcases the brand’s latest innovations, design capabilities, and luxury solutions through curated experiential zones that blend functionality, aesthetics, and architectural excellence.

The launch represents a significant milestone in Window Magic’s growth journey and reinforces its commitment to serving India’s rapidly evolving luxury real estate sector. It also marks a new chapter in the company’s global aspirations through its collaboration with European brand, bringing together Greek engineering expertise and Indian market understanding.

During the launch of Window Magic Experience Centre, Mr. Manish Bansal, Director & CEO, expressed, “We are delighted to unveil Window Magic Atelier, a first-of-its-kind luxury fenestration experience centre in the heart of New Delhi. As consumer aspirations evolve and luxury real estate continues to redefine modern living, there is a growing demand for solutions that seamlessly combine aesthetics, innovation, and performance. Window Magic Atelier has been envisioned as a destination where architects, developers, and homeowners can experience the future of luxury fenestration firsthand. The launch of WM AURA further strengthens our commitment to bringing world-class aluminium systems to India and setting new benchmarks in the luxury segment.”

At the heart of the Atelier is WM AURA, an exclusive aluminium systems portfolio designed for luxury residences, luxury commercial developments, and iconic architectural projects. Engineered with precision and crafted for performance, the range features sleek sliding systems, expansive glass façades, minimalist aesthetics, and superior thermal and acoustic performance, enabling modern spaces to seamlessly integrate light, openness, and sophistication.

Sensex, Nifty End Higher on FMCG, Banking Boost

Mumbai, July 1: Indian equity benchmarks ended the trading session in positive territory, supported by strong buying interest in FMCG, banking, and realty stocks, which helped lift overall market sentiment.

The Sensex and Nifty closed higher as investors remained upbeat amid sectoral strength and selective stock-specific momentum. FMCG stocks led the gains, followed by banking and realty counters, which witnessed steady accumulation throughout the session.

Market participants said optimism in domestic demand-driven sectors, along with improved investor sentiment, contributed to the positive close. Broader markets also reflected a stable trend, indicating sustained participation across segments.

Analysts noted that the upward movement was driven largely by sector rotation, with investors focusing on fundamentally strong companies in key consumption and financial sectors.

Overall, the session reflected resilient market sentiment, with benchmark indices managing to end the day on a firm note despite global uncertainties.

Capital raising becomes more demanding for private equity fund managers

July 01: Raising capital has become more demanding for private equity fund managers, with increased due diligence requirements and regulatory uncertainty now the biggest barriers in the market, new research* from Ocorian, a leading U.S. and global asset services provider, shows. 

 The study of 300 senior executives at private equity fund managers across the U.S. and Europe, whose firms manage a combined $3.511 trillion in assets, found that 62% say raising capital has become slightly more difficult in 2026 compared with 2025. However, the picture is not uniformly negative: 32% say fundraising has become slightly easier, while 5% report no change.

 The findings suggest that the capital-raising environment is becoming more selective rather than simply more constrained. More than half of respondents – 51% – say investors are increasing the number of specialised managers they allocate to, while 42% say investors are maintaining stable manager relationships. Just 5% say investors are consolidating with fewer managers.

 When asked about the biggest barriers to raising capital, 63% of managers cited increased due diligence requirements, making it the most common challenge. Regulatory uncertainty was cited by 57%, followed by overallocation constraints at 48% and LP reallocation away from alternatives at 38%.

 The research also shows that valuation methodologies have become the most prominent risk area in investor due diligence. More than half of respondents – 51% – identified valuation methodology as the area now receiving the greatest scrutiny, ahead of leverage and financing risk at 34%.

 ESG remains part of the investor conversation, but its role appears to be changing. Nearly two-thirds of managers — 65% — say ESG is now primarily a reporting and compliance focus, while 28% say it remains important for certain investor segments.

Looking ahead, managers expect to increase allocations across a range of private market strategies over the next three years. Venture capital was the most commonly selected strategy, cited by 58% of respondents, followed by growth equity at 51% and private credit/direct lending at 49%. Renewable energy was selected by 39% and infrastructure excluding renewables by 38%.

 Richard Hansford, Head of EMEA Fund Sales – Global Funds at Ocorian, said: “The capital-raising environment for private equity managers is not simply tightening — it is becoming more selective, more evidence-led and more operationally demanding.

 “While most managers say raising capital has become slightly more difficult this year, a significant minority are finding conditions easier. That points to a market where investors are still allocating, but with greater scrutiny over manager selection, due diligence standards and the operational infrastructure behind each fund.

 “One of the clearest findings is the growing importance of valuation methodology in investor due diligence. This is now distinct from leverage and financing risk, and it underlines the need for managers to demonstrate robust valuation processes, transparent reporting and specialist operational support as they compete for capital.”

Increase Allocation to Private Markets to Capture Growth Opportunities, say UK Wealth Managers and IFAs

July 01: New research by Wealth Club, the UK’s leading non-advised investment service for high-net-worth individuals, reveals wealth managers and independent financial advisers increasingly agree that exposure to private markets is now a necessity for retail and HNW investors seeking to capture a broader spectrum of growth opportunities – and this trend will only accelerate over the next five years.

An overwhelming 94% of the UK-based wealth managers and IFAs who are responsible for assets under management of £332.7 billion surveyed agree that for the sophisticated retail investor, relying solely on a conventional listed equity portfolio risks missing out on the primary wealth-generation engines of the modern economy. That includes nearly a third (31%) who strongly agree that clients need exposure to private markets to access a broader range of growth opportunities while 63% slightly agree.

The study evaluates the explicit benefits that private markets provide over traditional 60/40 portfolios and cites several institutional-grade advantages, with 72% of advisers highlighting the enhanced long-term capital growth benefits. This is followed by inflation protection (48%) and access to unique, non-public market sectors (47%). A third (35%) of respondents point to the benefit of reduced portfolio volatility and a quarter (26%) cite lower correlation with public markets.

When questioned about the tactical importance of private market access in capturing the high-performing growth phase of a company’s lifecycle, 89% of wealth managers and IFAs surveyed deem it critical, with 30% categorising it as “essential” and 59% “very important”.

This trend is not a transient reaction to short-term market cycles, but a long-term strategic view. More than nine out of 10 (92%) respondents anticipate the need for retail and HNW investors to be exposed to private markets in order to access a broader range of growth opportunities will only accelerate over the next five years.

Alex Davies, Founder and CEO of Wealth Club, said:

“These findings suggest private markets are approaching a tipping point among individual investors in the UK. For decades, pension funds, insurers and endowments have used private equity and private credit as important components of their portfolios. Increasingly, wealth managers and IFAs believe suitable investors should also have the opportunity to access these strategies.

“ With companies staying private for longer, much of the potential upside now comes before they reach public markets. By the time they list, investors have often missed a significant part of their growth.

“Private markets are moving from being a niche allocation to becoming an increasingly important part of a well-diversified long-term portfolio. Investors who ignore them risk missing an increasingly important source of long-term growth.”

Wealth Club, which launched the UK’s first Private Funds Supermarket in November 2024, is growing rapidly as interest in private markets among sophisticated and high-net-worth investors continues to increase. The platform now offers 22 funds from 18 leading private markets managers and earlier this year launched the UK’s first dedicated Private Markets SIPP, marking a further important step in broadening access to private markets.

This growth is being driven by rising interest from both investors and fund managers reflecting growing demand for private market investments and the increasing popularity of semi-liquid fund structures.

Manufacturing Growth Continues, PMI at 54.2 in June

New Delhi, July 1: India’s manufacturing sector continued its steady expansion in June, with the Purchasing Managers’ Index (PMI) recorded at 54.2, indicating sustained growth in factory activity and overall business conditions.

A PMI reading above 50 reflects expansion, and the latest data suggests that manufacturing output remained strong, supported by healthy demand, rising production levels, and consistent inflow of new orders.

The growth momentum was driven by resilient domestic consumption and improved operational conditions, enabling manufacturers to maintain production stability and expand capacity where required.

Experts noted that the sustained expansion underscores the resilience of India’s industrial sector amid global economic uncertainties, with firms continuing to benefit from steady market demand.

The positive PMI reading is expected to support broader economic growth, strengthen industrial output, and reinforce confidence in India’s manufacturing ecosystem going forward.

Mahindra Registers 37pc Rise in June Auto Sales

Mumbai, July 1: Mahindra & Mahindra (M&M) reported a strong performance in June, registering a 37% year-on-year growth in total vehicle sales to 1,06,207 units, driven by robust demand across its passenger and commercial vehicle segments.

The company continued its growth momentum on the back of sustained customer demand, a strong product portfolio, and improved market performance. The increase in sales reflects positive consumer sentiment and the company’s expanding presence in both urban and rural markets.

Industry observers said the strong June numbers underscore the resilience of the domestic automobile sector, with demand remaining healthy despite evolving market conditions. The performance also highlights Mahindra’s continued focus on delivering vehicles that cater to a wide range of customer needs.

The encouraging sales figures are expected to further strengthen the company’s position in the Indian automotive market as it continues to expand its product lineup and production capacity.

With the festive season approaching in the coming months, the company remains optimistic about maintaining its growth trajectory, supported by strong bookings and sustained consumer interest.

Gartner Says Dollar 234 Billion in Enterprise Application Software Spend Is at Risk from Agentic AI

Stamford, Conn., July 01: Agentic AI is set to disrupt enterprise software revenue models, with up to $234 billion of enterprise application spending exposed to agentic arbitrage between now and 2030, according to Gartner, Inc, a business and technology insights company. By 2030, this will account for roughly 20% of enterprise application software-as-a-service (SaaS) spending. 

Agentic arbitrage happens when AI agents complete tasks across multiple systems, reducing the need for users to interact with multiple traditional software interfaces. 

“Agentic AI changes the economics of software,” said George Brocklehurst, Managing Vice President at Gartner. “Agentic systems deliver outcomes directly, bypassing traditional user experience (UX)-heavy applications and making the software invisible. This breaks the link between user growth and revenue growth for many enterprise software vendors.” 

This shift is already underway and will refactor how software is built, priced and consumed. “It will also lead to a redefinition of ‘Saaspocalypse’, the disaggregation of the legacy SaaS market as we know it today,” said Brocklehurst. This is less an apocalypse and more of a metamorphosis. SaaS will not be destroyed; it will emerge in a different form. This metamorphosis represents threats and opportunities for both incumbents and new challengers. 

Buyers Shift Focus from Features to Outcomes

Gartner analysts said expectations are changing. “Enterprise buyers will deemphasize buying more new tools or dashboards,” said Brocklehurst. “They want better outcomes and adding more AI features often creates more cost, not better outcomes. Better outcomes from AI require systems that can retain deep institutional memory and customer context over time.” 

Some vendors are already offering agentic solutions that deliver autonomous end-to-end workflow execution, cross-system orchestration and capture customer context and knowledge, which help to foster business results and ROI. Today this typically requires heavy services engagement. 

“As organizations increasingly use agentic AI systems, the user interface is no longer a differentiation,” said Brocklehurst. “Legacy SaaS market share will be cannibalized by incumbents and taken by new entrants delivering horizontal agentic platforms.” 

Direct Risk for Incumbent Vendors and Revenue Opportunity for Service Providers

To remain competitive and achieve growth opportunities, incumbent software vendors must move from interface-based value to outcome-based value, embed agentic capabilities at the point of execution into their offerings to defend their position in the value chain, capture and retain customer-specific knowledge, not just data. 

“While this shift is posing an existential threat for vendors who are defending legacy dashboards and seat-based models, it creates a substantial revenue opportunity for vendors who are enabling and developing services and platforms to support agentic enabled cross-domain workflows,” said Brocklehurst. 

AI-native startups and service providers can act as the agentic layer across enterprise systems, deliver measurable outcomes instead of features and assist organizations redesign workflows around AI. “Ultimately, they can capture not just existing spend, but incremental budget unlocked through ROI upside,” said Brocklehurst.

 Additional Insights Available

Gartner clients can learn more in the Gartner webinar: SaaSpocalypse – $234B of Enterprise Apps Spending Will be Exposed to Agentic Arbitrage.

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Adani Green Surpasses 20 GW Operational Capacity

Ahmedabad, July 1: Adani Green Energy has become the first renewable energy company in India to cross 20 GW of operational capacity, marking a major milestone in the country’s clean energy sector.

The achievement strengthens the company’s position as a leading player in India’s renewable energy transition, spanning large-scale solar and wind energy projects across multiple states.

The company’s expanded operational base reflects steady capacity additions over recent years, driven by rising demand for clean power and strong project execution in utility-scale renewable infrastructure.

Industry observers noted that crossing the 20 GW mark highlights the rapid scaling of India’s renewable energy ecosystem, as developers continue to invest in solar parks, wind farms, and hybrid energy projects.

With this milestone, Adani Green Energy further consolidates its role in supporting India’s long-term decarbonisation and energy transition goals.

Kicky & Perky Unveils Luna Rae A Celestial Interpretation of Modern Femininity

Inspired by moonlit skies, celestial symbolism, and the quiet beauty of feminine expression, Kicky & Perky introduces Luna Rae — a collection that transforms cosmic inspiration into contemporary silver jewellery.

Designed around the idea of softness as strength, Luna Rae explores a more emotional and poetic form of adornment through celestial motifs, luminous stones, and refined silhouettes. The collection reflects a modern femininity that feels expressive, elegant, and quietly powerful.

Crafted in certified 925 sterling silver with real rhodium plating, Luna Rae features celestial-inspired rings, earrings, necklaces, bracelets, and layering pieces designed for effortless everyday styling. Delicate moon phases, stars, textured silver surfaces, and sculptural details create a design language inspired by the beauty of the night sky.

The collection is accented with responsibly sourced moissanite and moonstone elements, bringing brilliance and luminosity to each piece while maintaining a soft and wearable aesthetic. Designed to transition seamlessly from day to evening, Luna Rae balances minimal elegance with emotional storytelling.

Rather than focusing on statement jewellery in the traditional sense, Luna Rae embraces intimacy and symbolism — creating pieces that feel personal, expressive, and timeless. Every design is intended to evoke a feeling rather than simply complete an outfit.

“Luna Rae was imagined as wearable moonlight,” shares the brand. “We wanted the collection to feel delicate yet radiant — jewellery that carries emotion, softness, and individuality in a deeply modern way.”

The collection speaks to women who romanticize life, value understated elegance, and connect with jewellery on a more emotional level. Through celestial motifs and refined craftsmanship, Luna Rae creates a world where femininity feels luminous, intuitive, and quietly confident.

With Luna Rae, Kicky & Perky continues to build a design-led identity in contemporary silver jewellery through collections rooted in symbolism, craftsmanship, and storytelling.

The Luna Rae collection is now available at Kicky & Perky

Kpil Awarded New Orders Of INR 2,957 Crores

July 01: Kalpataru Projects International Limited (KPIL), one of the leading engineering and construction players in the power and infrastructure sector, along with its international subsidiaries have secured new orders / notification of awards of approx. ₹ 2,957 Crores.

The details of the aforesaid new orders are as follows:

• Orders in the Power Transmission & Distribution (T&D) business in India and overseas market
• Orders in the Buildings and Factories (B&F) business in India
• Order in the Water business in Middle East (secured in joint venture /consortium)

Manish Mohnot, MD & CEO, KPIL, said, “We are pleased to announce new order wins across our T&D, B&F, and Water business verticals. The new orders secured in our T&D business reinforce our market leadership in India and the select global markets. Simultaneously, the successive wins in our B&F business from marquee clients underscore our commitment to best-in-class capabilities and timely execution. Notably, the order win in our Water business marks a significant milestone, signaling our strategic entry into the Middle East, a region with immense growth potential. Driven by a strongly diversified order book and robust visibility across businesses, we remain confident in achieving our growth targets for FY26–27.”