Category Archives: Business

IREDA Successfully Raises Rs2,005.90 Crore via QIP to Boost Green Financing

Mumbai, June 11, 2025: Indian Renewable Energy Development Agency Ltd. (IREDA) has successfully raised ₹2,005.90 crore through a Qualified Institutions Placement (QIP). The capital was mobilized by issuing 12.15 crore equity shares at a price of ₹165.14 per share, which includes a premium of ₹155.14 per share over the face value of ₹10.

The issue price of ₹165.14 reflects a discount of 5.00% to the floor price of ₹173.83 per equity share. Launched on June 5, 2025, the QIP issue closed on June 10, 2025, receiving an encouraging response from a diverse set of both domestic and foreign qualified institutional buyers (QIBs) including insurance companies, scheduled commercial banks and foreign portfolio investors. The Board has approved allotment of equity shares to eligible qualified institutional buyers in its meeting held today i.e. June 11, 2025.

The QIP was oversubscribed with bids amounting to ₹2,005.90 crore against the base issue size of ₹1,500 crore, achieving a subscription of 1.34 times. The capital raised through this successful issue will further strengthen IREDA’s Tier-I capital and overall Capital Adequacy Ratio (CAR), enhancing the company’s capacity to support the expanding renewable energy sector in India.

Reflecting on this achievement, Shri Pradip Kumar Das, Chairman & Managing Director, IREDA, said: “The successful completion of this QIP in a short span after our IPO in November 2023 is a testament to the trust and confidence the investor community and the Ministry of New & Renewable Energy have reposed in IREDA. This capital infusion will empower us to scale up our financing activities, enabling greater investments in renewable energy projects and accelerating India’s transition towards a greener and sustainable energy future.”

CMD, IREDA expressed his gratitude to Shri Pralhad Joshi, Hon’ble Union Minister of New & Renewable Energy, Consumer Affairs and Food & Public Distribution; Shri Shripad Naik, Hon’ble Minister of State for Power and New & Renewable Energy; Shri Santosh Kumar Sarangi, Secretary, MNRE; Department of Investment and Public Asset Management (DIPAM); and the Board of Directors for their support and invaluable guidance.

IREDA extended its gratitude to all institutional investors and stakeholders for their continued support, reaffirming its commitment to leading the country’s clean energy financing initiatives.

Unix India to Showcase Cutting-Edge Consumer Electronics at 31st Edition of Gifts India Expo 2025

Mumbai, 11th June 2025: Unix India, a leading name in mobile accessories and consumer electronics, is set to participate in the 31st edition of the Gifts India Expo 2025, taking place from June 12–14 at the Bombay Exhibition Centre, Mumbai. Recognised as India’s largest trade event for corporate gifting and stationery, this year’s edition will host over 2,590 exhibitors, 700+ brands, and welcome more than 15,000 visitors.

At the expo, Unix India will unveil its latest lineup of innovative products, including TWS earbuds, smartwatches, power banks, Bluetooth speakers, and multi-device charging solutions, all designed for today’s tech-savvy consumer. This year’s collection incorporates next-generation technologies such as Active Noise Cancellation (ANC), advanced sensor tech, Bluetooth 5.4, and wireless fast charging with MagSafe, Qi, and GaN compatibility.

With a renewed focus on India’s Gen Z and millennial audience, Unix’s showcase highlights its evolved brand identity—sleek, high-performance gadgets that double as ideal personal and corporate gifts. Visitors can experience exclusive gifting combos, festive-ready collections, and live product demos, emphasising Unix’s commitment to design excellence, innovation, and everyday utility.

“At Unix India, we believe great tech should be accessible, practical, and gift-worthy. Events like Gifts India Expo help us connect directly with businesses and understand their evolving needs. We’re not just showcasing products, we’re presenting smart, everyday solutions that resonate with people. It’s exciting to witness corporate gifting moving beyond the conventional, and we’re proud to be a part of that shift,” said Mr. Imran Kagalwala, Co-founder, Unix India.

Built on the pillars of design, functionality, and affordability, Unix India remains committed to delivering Made-in-India electronics backed by a customer-first innovation strategy. The brand operates through a robust network of 70+ super stockists and 4,000+ distributors, with a presence in 500+ cities and over 60,000 retail stores across India. Its products are also available on leading e-commerce platforms like Amazon and Flipkart, contributing to the company’s sale of millions of units annually.

With a target of 300% revenue growth in FY 2025, the brand is aggressively expanding its product line to meet the growing demand for quality, affordable consumer electronics in India.

Affordability woes cast shadow on Gurgaon’s soaring luxury property market despite continued high-end demand

Delhi-NCR, 11th June 2025: Gurgaon, the Millennium City, has undergone a tremendous change in its real estate market due to increasing demand for luxury residential spaces. During the last few months, the premium market has seen a record boom with top developers introducing ultra-luxury housing projects with state-of-the-art amenities like smart home automation, infinity pools, and health-focused community areas.

This growth is part of a larger movement in India as a whole, where high-end residences are increasingly gaining market share. Several years ago, luxury apartments represented 7% of total residential transactions; today that number has more than tripled. This shift reflects an increased desire among high-net-worth individuals for homes that serve as lifestyle statements as well as investments. Even then, the rapid increase in property prices is gradually pushing out middle-income and first-time buyers.

In Gurgaon, mid-segment localities are also experiencing upward pressure on real estate prices.

Sharing his thoughts on the status of Gurgaon’s real estate, Mr. Vijay Jain, Managing Director of Star Estate said “Gurgaon continues to attract homebuyers, largely due to its rapidly developing infrastructure. Excellent connectivity through the Dwarka Expressway, NH48, NE4, and the Kundli-Manesar-Palwal Expressway ensures smooth travel across Delhi-NCR. Upcoming metro projects are also set to further reduce commute times and significantly enhance urban living standards. Gurgaon’s real estate market remains a hub for investors and homebuyers looking for high returns and a cosmopolitan lifestyle.”

He advocated that balanced growth with luxury intertwined with affordability. Greener and technology-driven living is the future of the real estate industry in Gurgaon with the developers following the same to highlight green buildings, smart energy efficiency, and intrinsic digital solutions commensurate with the evolving aspirations of homebuyers today. These facilities are not only indicative of the eco-friendly character but are also indicative of longevity and cost-effectiveness to the users.

Gurgaon’s realty story is not one sided. While the high-end segment being in the limelight, long-term market sustainability will be achieved through solving the issue of affordability, sustaining infra push, and inclusive growth. Through strategic interventions and pro-active measures, Gurgaon is best placed to be a building block in India’s realty story going forward.

Vodafone Idea Launches 5G Commercial Service in Bengaluru with Samsung’s Versatile Solutions

Bengaluru, 11th June 2025

Samsung powers Vi’s 2G, 4G and 5G commercial networks in Bengaluru, Chandigarh and Patna with its industry-leading solutions, bringing advanced connectivity to India

Leading telecom operator Vodafone Idea (Vi) today announced the commercial launch of 5G services by partnering with Samsung Electronics Co., Ltd. (Samsung) in Bengaluru region, one of the key telecom markets in India and a global IT hub known as the “Silicon Valley of India”. Since 2024, the companies have been working together to deploy a new generation, 5G network and modernize Vi’s legacy 2G and 4G networks with Samsung’s industry-leading solutions in major telecom circles of India including Bihar, Karnataka and Punjab1.

As part of this collaboration, Vi had already launched 5G commercial services in Chandigarh and Patna in April 2025. Vi has successfully deployed Samsung’s small form-factor, energy-efficient and high transmit power radios for enabling a seamless 5G experience across all the three circles. These solutions offer increased cell capacity and energy savings features to deliver better consumer experience with greener and more sustainable approaches for Vi’s customers.

For this deployment, Samsung provided its wide range of radios supporting diverse spectrum bands, including 32T32R Massive MIMO radios, along with Radio Access Network (RAN) solutions that encompass baseband and software functions known as the virtualized Central Unit (vCU).

The companies have also implemented the nation’s first virtualized Base Station Controller (vBSC), a key network element for 2G services, thereby modernizing its network with cutting-edge software solutions while still ensuring legacy technology and services are supported.

Virtualization of network functionalities enable Vi to streamline network deployment and facilitate easier management, which results in greater efficiency, lower operational costs, better resource allocation control, and increased customer satisfaction. With this virtualization adoption, operators can build software-based and flexible networks more easily, gaining a competitive edge in bringing future networks.

Jagbir Singh, Chief Technology Officer, Vodafone Idea said: “The launch of Vi’s 5G services in Bengaluru as well as Chandigarh and Patna, marks a key step in introducing Samsung as a new partner in our ecosystem and towards delivering seamless, highly reliable next-generation services to our customers. By partnering with Samsung, our endeavor is to offer the best customer experience and provide our customers with enhanced mobile broadband throughputs and high capacity required in today’s digitally connected world.”

Woojune Kim, President and Head of Networks Business at Samsung Electronics said: “India, especially Bengaluru, stands at the forefront of the global digital transformation, and we are proud to accompany Vi’s innovative journey in delivering next-generation connectivity to its customers in one of the world’s most dynamic and advanced IT markets. Samsung always thinks a step ahead, anticipating future needs of mobile operators. Through this collaboration, Samsung is fully committed in supporting Vi to satisfy the demands of mobile users and boost enterprise growth with our innovative spirits.”

Prega News Honours the ‘Invisible Journey’ of Fathers with Heart-warming Father’s Day Campaign

National; June 11, 2025: Prega News, India’s No. 1 pregnancy detection kit brand from Mankind Pharma, has launched a touching Father’s Day campaign that celebrates the often-overlooked contributions of expectant fathers during the pregnancy journey. The campaign highlights how pregnancy transforms both partners’ lives, even when one’s journey remains largely invisible to the world.

The heart-warming campaign film features leading stand-up comedian Aashish Solanki as an expectant father who attempts to experience pregnancy by wearing a belly for a day, undertaking challenges that pregnant women face daily. From picking up objects to sitting comfortably during work calls, the humorous yet enlightening exercise reveals the physical difficulties expectant mothers endure. However, the narrative takes a meaningful turn when his pregnant wife Rashi and her friends arrive, shifting the focus to acknowledge the emotional and practical support that fathers provide throughout the pregnancy journey.

“This Father’s Day, we wanted to shine a light on the invisible half of pregnancy – the father’s journey,” said Mr Joy Chatterjee, Vice President, Sales and Marketing Head, Consumer Business Unit, Mankind Pharma. “While the physical changes of pregnancy are visible in mothers, fathers too undergo a significant emotional transformation, taking on the responsibility of ensuring financial security for the growing family, working tirelessly to meet increased household needs, and making countless sacrifices to prepare for parenthood. They transition from carefree individuals to responsible partners, often working extra hours, planning long-term investments, and making critical life decisions to provide a stable foundation for their child’s future.

The campaign draws inspiration from recent research indicating that 95% of Indian fathers believe that parenting is a shared responsibility, reflecting the evolving dynamics of modern Indian families. This progressive outlook marks a significant departure from traditional gender roles, with 94% of fathers actively participating in household chores and childcare.

“Pregnancy changes both lives, even when one stays quiet. Through this campaign, we want to honour the countless ways fathers contribute to the pregnancy journey; from making late-night food runs, planning budgets and providing emotional stability to making major life adjustments and long-term planning for their child’s education and healthcare,” Mr. Chatterjee added. “These contributions may not be physically visible, but they are equally important in creating a supportive environment for both mother and child. Through this campaign, we wanted to highlight that every line tells a story. His, too.”

The film concludes with the powerful message: “Prega News wishes a Happy Father’s Day to all the amazing dads whose invisible journey may not be visible, but who stand by their partners through every joy and challenge of parenthood that begins with good news.”

With this campaign, Prega News reinforces its commitment to celebrating all aspects of the pregnancy journey, recognising that behind every confident expectant mother is often a supportive partner who takes on significant financial and emotional responsibilities, making crucial life decisions and sacrifices that often go unacknowledged but are essential for creating a stable foundation for the growing family.

Christie expands LED lineup with Vivia video wall solutions

BANGALORE, India – (June 11, 2025) – Christie® is proud to announce the launch of Christie Vivia®, a new range of LED video wall solutions designed to deliver exceptional performance, versatility, and value. This launch marks the continued expansion of Christie’s direct-view LED portfolio, reinforcing its commitment to innovation, service, and support.

Available in Surface-Mounted Device (SMD) variant, Christie Vivia features a sleek, ADA-compliant design with advanced SNMP-based monitoring capabilities. It combines aesthetic appeal with robust reliability for applications such as digital signage, auditoriums, operations centers, corporate environments, and more.

“Christie LED video wall solutions have been widely embraced in India across sectors such as corporate, museums, and education,” said Rishubh Nayar, sales director for India, Christie. “With the introduction of Christie Vivia, we’re further expanding our LED portfolio to offer even greater choice, flexibility, and value. Whether customers are looking for enhanced performance, effortless integration, or dependable long-term operation, Vivia strengthens our ability to meet a broader range of needs with the trusted quality Christie is known for.”

Christie Vivia SMD is available in pixel pitches from 0.9mm to 2.5mm and delivers high-quality visuals with wide viewing angles. A 10,000:1 contrast ratio and 3840Hz refresh rate ensure rich, dynamic images, while seamless integration with Christie’s visual solutions including Pandoras Box® and Spyder-S, for advanced content management and processing. Flicker-free playback adds to an engaging experience across a range of professional environments.

In addition to Vivia, Christie offers the Lumia Series, an existing series of Chip-on-Board (COB) based LED video wall solutions tailored for the Indian market. Lumia COB features optional touch interactivity and is available in fine pixel pitches from 0.7mm to 1.5mm. It integrates seamlessly with Christie’s video wall solutions and includes an IP2x rating and a protective front LED coating that enhances durability and simplifies maintenance. COB technology further delivers lower power consumption and improved heat dissipation, ensuring long-term reliability. Lumia COB offers a high-value, cost-effective solution for a wide range of indoor applications.

Both Vivia SMD and Lumia COB LED video walls are compatible with Christie E510 and E600 controllers, supporting up to 4K resolution at 60Hz and delivering excellent performance at low brightness levels. Designed for 24/7 operation, the displays boast a lifespan of up to 100,000 hours.

Tier-III Cities Drive 62Percentage of New Insurance Premiums: Probus Report

Mumbai, June 2025: Probus, one of India’s leading InsurTech and insurance broking firms, has released a new report highlighting a major shift in the country’s insurance landscape. The findings reveal that Tier-III cities and beyond now contribute nearly 62% of total new insurance business in the current fiscal year, signalling a dramatic decentralisation of India’s insurance growth story.

Once considered peripheral markets, smaller towns are rapidly emerging as the real growth engines of Digital Bharat, a transformation propelled by the success of UPI, expanding digital payment infrastructure, and deepening internet penetration. Most UPI transactions now originate from non-metro regions, indicating a high level of digital adoption and financial participation.

Probus notes that this is not a temporary or seasonal trend, but a consistent pattern of growth observed over the past three consecutive fiscal years – rising from 58% to 62%, reflecting a sustained upward momentum. In FY 2024-25 alone, the Motor Insurance segment registered the highest growth at 25.6%, fuelled by rising awareness, digital accessibility, and a strengthened PoSP (Point-of-Sale Person) network.

Local distribution models, especially those built on app-based onboarding, regional language interfaces, and education-first selling, have played a key role in bringing insurance products closer to underserved consumers. What was once a passive, compliance-driven purchase is now increasingly seen as a proactive financial planning tool in Tier-III cities and beyond.

The report also highlights strong momentum across insurance verticals for FY 2024-25 compared to FY 2023-24, with life insurance premiums growing by over 60% in fresh policies. Non-life insurance premiums, led by motor, health, and SME segments, showed significant growth, with SME insurance emerging as the fastest-growing segment in FY 2024-25, registering a 112% increase.

Commenting on the findings, Mr. Rakesh Goyal, Director, Probus, said, “At a global level, the Indian economy has shown remarkable resilience despite external headwinds. A key reason behind this strength is the steady rise of Tier-II and Tier-III cities, and our latest data confirms that. At Probus, we are proud to be aligned with the Government of India’s vision of ‘Insuring India by 2047. We’ve built digital tools and strengthened our PoSP models to deliver seamless, contextual insurance solutions to the emerging consumer in India.”

The company’s robust PoSP network continues to be the vital bridge connecting underserved markets to comprehensive insurance solutions, driving Probus’s mission to empower every corner of India with financial security.

Vikram Kasat Sees IT Stocks as ‘Blind Buy’ if Bessent Becomes Fed Chair; Nifty Eyes 25190 Resistance

By-Mr. Vikram Kasat, Head – Advisory, PL Capital

“US Stocks traded sideways for much of the day, but perked up to close higher. S&P 500 climbed 0.6%, leaving it just 1.7% away from its record close on Feb. 19. US media saying BESSENT is SEEN AS A CONTENDER TO BE NEXT FED CHAIR. If it happens then IT stocks will become blind buy with strong likelihood of interest cuts and accommodative monetary policy as happened in India.

Nifty 25104.25

After witnessing a strong up move in the past few trading sessions, Nifty is consolidating to around the upper end of the range. 40 HEMA: 24940 will be the immediate support level in the near term. Recent high of 25190 will be the immediate resistance level Portfolio (Delivery) Stocks:- HDFCLIFE and FORTIS.”

This Father’s Day, skip the cliches. Travel green, bond deeper, and make memories that last a lifetime

This Father’s Day, ditch the usual celebrations and gift your dad something unforgettable—a scenic and culture-filled escape to the “City of Nawabs,” Lucknow. Whether your dad loves history, food, architecture, or just quality family time, Lucknow offers the perfect blend of regal charm and soulful experiences.

Traveling from Delhi to:

Lucknow – A Royal Retreat for the Bond You Cherish

Lucknow is a city where time slows down and elegance takes center stage. Here’s how you can make the most of a Father’s Day weekend in this timeless city.

• Relive History at Bara Imambara
  Explore the majestic Bara Imambara, a Mughal architectural marvel with no beams supporting its massive arched hall. Bond over the mysteries of the Bhool Bhulaiya maze—it’s fun and fascinating for all ages!
• Indulge in the City’s Legendary Cuisine
  Treat your father to the legendary kebabs at Tunday Kababi or a royal Awadhi thali. From galawati kebabs to rich biryanis, every bite is a celebration.
• Stroll Through British Residency Ruins
  Walk through the tranquil and historic British Residency complex, where 1857’s first war of independence comes alive through well-preserved ruins and greenery.
• Sunset at Gomti Riverfront
  Wrap up the day with a peaceful walk along the beautifully developed Gomti Riverfront. The lit-up fountains and evening breeze make for a memorable experience.
• Shop for Nawabi Souvenirs
  Don’t forget to explore Hazratganj and Chowk markets for handcrafted chikankari kurtas, ittar (perfume), and traditional artefacts.

Getting there: Choose the green and sustainable mode of transport NueGo. NueGo is the premium electric AC Bus brand that operates daily Delhi to Lucknow bus service at affordable rates starting from Rs.399 only. The tickets can be easily booked through NueGo website https://nuego.in/ or via the NueGo App.

NueGo Buses are 100% green. These are electric AC buses with innovative technology and zero tailpipe emission. They offer noiseless travel and are safe and comfortable with features such as live tracking, CCTV surveillance, mobile charging point, ample leg space, reclining seats and much more.

Six gifts for your father from The Bear House because Dad’s deserve a Bear Hug Too

This Father’s Day, skip the socks and toolkits and go all out with a big Bear Hug for your Dad — the man who always gives but never expects anything in return but your unconditional love.

The Bear House, a Bangalore-based men’s apparel brand specialising in smart casuals, launches its Father’s Day campaign, ‘The Big Bear Hug’, encouraging rare moments of affection between fathers and their loved ones. Because fathers don’t hug very often—but when they do, it feels like the best hug in the world.

The campaign celebrates the quiet confidence of the modern dad and son, who are comfortable showing love in the most natural way, just like the clothes they wear.

If you’re looking for something special to go along with that hug, here’s a handpicked list of Father’s Day gift ideas from The Bear House. Whether he’s a laid-back polo guy or a sharp shirt connoisseur, you’ll find everything you need here:

1. Sirelo Polo — For the dad who never misses a Sunday brunch

Classic, comfy, and crisp—this polo is made for dads who like to keep it casual but classy. The cool blue hue and breezy fabric make it the ideal pick for laid back outings or even Zoom calls.

SIRELO
Shop Blue Slim Fit Polo with Ribbed Horizontal Stripe Across Chest Online. Explore our wide range of men’s clothing collections. Free Shipping Hassle-free returns
2. Zenith Polo — For the dad who knows navy is always in.

Smart meets sporty in this rich navy polo. It’s the kind of versatile piece he’ll wear on repeat—whether he’s chasing deadlines or catching up on cricket scores.

ZENITH
Shop Multi-Color Colorblock Polo T-Shirt with Regular Fit & Metal Logo Detail online. Explore our wide range of men’s clothing collections. Free Shipping Hassle-free returns

3. Logar Shirt — For the dad who appreciates the tiny details

With a tailored fit and subtle print, this shirt is perfect for the dad who likes to keep things sharp but not flashy. Think dinner dates, office days, or anything in between.

LOGAR
Shop Blue with White Buffalo Checked Design Relax Fit Casual Shirt Online. Explore our wide range of men’s clothing collections. Free Shipping Hassle-free returns
4. Krulo Shirt — For the dad with an understated swag

A modern twist on the classic shirt, Krulo is for the dad who believes style should be effortless. It’s fuss-free, flattering, and works across seasons.