Category Archives: Business

Avaada Electro Powers India’s Solar Leadership: First to Launch 720 Wp TOPCon Modules, Butibori ALMM-Certified, Scaling to 12 GW Integrated Manufacturing

New Delhi / Nagpur / Noida, June 10, 2025 – In a landmark stride for India’s clean energy manufacturing ecosystem, Avaada Electro (www.avaadaelectro.com), the solar manufacturing arm of Avaada Group, today announced that its state-of-the-art Butibori facility in Nagpur, Maharashtra has been officially included in the Approved List of Models and Manufacturers (ALMM) by the Ministry of New and Renewable Energy (MNRE).

The ALMM listing includes Avaada’s Glass-to-Glass G12 modules (up to 720 Wp) and G12R modules (up to 630 Wp). The Butibori plant, equipped with self-adaptive AI-integrated production lines and a smart energy management system, is one of India’s most advanced module manufacturing sites operating at a Takt time of 16 seconds. The plant is rapidly scaling up to 7 GW capacity by next month, reinforcing Avaada’s leadership in high-efficiency solar technology.

Pioneering High-Efficiency TOPCon Modules

In parallel, Avaada Electro has also commercially launched its BIS-certified N-type TOPCon solar modules in both 720 Wp and 630 Wp variants. With a best-in-class efficiency of 23.32%, these modules represent a leap in next-gen solar performance. Shipments of 595 Wp, 600 Wp, and 605 Wp TOPCon modules have already commenced from Avaada’s fully operational Dadri facility, with 720 Wp modules being dispatched from Nagpur.

India’s Largest Integrated Solar Manufacturing Ecosystem

Avaada Electro is scaling towards a 12 GW solar module and 12 GW solar cell manufacturing capacity by the next financial year. This integrated ecosystem spans ingots, wafers, glass, encapsulants, packaging, and other critical components—placing Avaada at the forefront of India’s solar self-reliance journey.

The Dadri facility, already ALMM-certified, runs on green power and showcases AI-powered defect detection systems that outperform human inspection in precision and reliability. Avaada’s facilities also leverage cloud computing and real-time energy analytics to minimize environmental impact, aligning with our commitment to greener, smarter manufacturing.

Vineet Mittal, Chairman & Founder, Avaada Group, said: “Our journey at Avaada Electro is rooted in innovation, scale, and sustainability. With ALMM certification of our Butibori plant and the commercial launch of our 720 Wp and 630 Wp N-type TOPCon modules, we are proud to lead India’s solar manufacturing revolution.

Our AI-driven, energy-optimized, and fully integrated solar manufacturing ecosystem is a symbol of India’s industrial resilience and Avaada’s unwavering commitment to the Hon’ble Prime Minister’s vision of Atmanirbhar Bharat.”

Hiranandani Communities Launches Rs1,100 Crore Residential Project “The Arena” in Panvel

Mumbai, India, 10th June 2025—Hiranandani Communities, under the leadership of Niranjan Hiranandani, is pleased to introduce The Arena, a premium residential project strategically located within Hiranandani Fortune City, Panvel. Spanning over 10+ acres, this thoughtfully designed development in the Mumbai Metropolitan Region (MMR) is positioned to benefit from transformative infrastructure advancements. Comprising eight elegant towers, the project offers more than 1,700 upscale residences. Phase 1 unveils the first three towers, featuring 600 premium 2, 3, and 4 BHK units ranging from 730 sq. ft. to 1,900 sq. ft., meticulously crafted to meet the evolving demands of modern homebuyers. The Arena is poised to set a new benchmark in luxury living, with a projected topline revenue exceeding ₹1,100 crore in its first phase.

The 588-acre integrated township of Hiranandani Fortune City epitomizes the next wave of Mumbai’s real estate transformation, driven by unparalleled infrastructure connectivity and aspirations for an upgraded standard of living. Within this township, “The Arena” introduces an elevated living experience, merging luxury residences with a sports colosseum promoting active lifestyle. These luxury apartments prices begin at ₹1.31 crore for 2 BHK units and ₹1.77 crore+ for 3 and 4 BHK configurations, offering discerning buyers an exceptional early-mover investment opportunity poised for significant capital appreciation in the long term.

As Mumbai evolves into its “Mumbai 3.0” phase, Panvel is emerging as the region’s next economic and real estate fulcrum,boosting GDP as a new center of gravity. Major infrastructure projects like the Mumbai Trans Harbour Link (MTHL), Navi Mumbai International Airport, freight corridors, suburban railway and regional highway projects have positioned Panvel as the gateway to accelerated economic progress. Seamless connectivity through improved road, rail, air, and sea networks is bolstering the area’s desirability among homebuyers and investors alike, creating strong demand across residential, commercial, and industrial segments.

According to Dr Niranjan Hiranandani, Chairman, Hiranandani Communities, “Panvel’s growth potential is further fuelled by rising per capita income, expanding employment opportunities, and the migration of talent seeking holistic residential solutions. Aspirational buyers, including millennials upgrading their lifestyle and NRIs gravitating towards investment friendly yet high-ROI investments, are drawn to branded developments like Hiranandani Fortune City for their seamless integration of luxury, quality, and community living.The township features future-ready commercial hubs fostering employment growth, global-standard education through the expansion of Hiranandani International School, and upcoming healthcare, entertainment, and recreational amenities that offers vibrant lifestyle destinations.”

With sustained demand for luxury living, “The Arena” caters to aspirational homebuyers seeking an upgrade in their quality of life. Capitalizing on Panvel’s connectivity-driven momentum and leveraging its infrastructure-led economic growth story, buyers today are uniquely positioned to enjoy long-term capital appreciation, competitive rental yields, and access to a modern, activity-driven lifestyle.

Panvel is not merely a real estate hotspot; it is the cornerstone of Mumbai’s future economic evolution. The Arena at Hiranandani Fortune City, Panvel addresses the aspirations of buyers while unlocking robust real estate potential for sustained growth and prosperity.

Curefoods’ Subsidiary Millet Express Enters Master Franchise Agreement with EAT360

Bengaluru, 10th June 2025 – Curefoods announced that Arambam, one of the health-focused food brands of it’s subsidiary Millet Express, has signed a Master Franchise Agreement with EAT360, founded by Anand Goud Lingala. This collaboration marks the first master franchise partnership for Arambam, aligning with its structured approach to standardised store formats and regional franchise alliances.

The agreement spans 18 months, during which EAT360 will operate Arambam outlets under a unified model approved by Curefoods — encompassing standardized store size, curated offerings, and brand identity. The rollout is structured, with a target of 20 stores in one year, as part of the terms of Master Franchise Agreement.

Ankit Nagori, Curefoods, said, “We’re pleased to announce this agreement with EAT360, led by Anand Lingala. Arambam was built to reflect a balanced, health-oriented food philosophy rooted in Indian traditions, and we’re committed to maintaining that vision in every outlet. This agreement helps ensure brand consistency while tapping into strong regional expertise.”

Anand Goud Lingala, Founder of EAT360, added, “It’s an honour to partner with Curefoods and represent the Arambam brand. The clarity in their brand vision and operational excellence made this collaboration a fit for us. We’re aligned on quality, consistency, and creating value through disciplined execution.”

This collaboration reflects Curefoods’ emphasis on franchise-led growth, supported by quality control and brand stewardship across all partner locations. Arambam, known for its clean, Indian-inspired meals rooted in traditional wellness principles, has steadily built a consumer base through its approach to healthy eating.

Parryware Unveils New Display Studio in Mumbai to Enhance Customer Experience

Parryware, a leading name in bathroom solutions, is excited to announce the opening of its latest Display Studio in Mumbai. Located at 6 – E Ground Floor, Laxmi Industrial Estate, New Link Road, Andheri (West), Mumbai – 400053, the studio is set to redefine how customers experience bathroom products.

The Parryware Display Studio offers an immersive environment where customers can explore a wide range of products, including water closets, basins, faucets, thermostatic diverters, showers, body jets, water heaters, flushing systems and bathroom furniture. Designed to provide a hands-on experience, the studio allows customers to interact with the products, helping them make informed decisions for their bathroom spaces.

The studio also features the newly launched Eternal collection, a luxurious and exclusive bathware range that embodies timeless elegance and refined sophistication. Designed for those with a taste for the extraordinary, the Eternal Collection combines premium craftsmanship with enduring style to elevate modern bathroom spaces into expressions of opulence.

“We are thrilled to open our new Display Studio in Mumbai, a city known for its dynamic lifestyle and design sensibilities. This studio reflects our commitment to providing innovative and high-quality bathroom solutions, ensuring that our customers have access to the best products and services.” said Mr K.Nirmal Kumar (Managing Director-RBPPL India).

The studio is open Monday to Saturday, from 10:00 AM to 7:00 PM, and is staffed with knowledgeable professionals ready to assist customers in selecting the perfect products for their needs.

Elevating early learning in India, Sanfort Global takes IB preschool education to new heights

New Delhi, 9th June 2025: Sanfort Group of Schools (Sanfort) is leading a new shift in India’s preschool education by spearheading the future trend of International Baccalaureate (IB) preschool learning in the country. Recognising the growing role and relevance of IB’s inquiry-based philosophy in shaping future citizens, Sanfort’s arm, Sanfort Global, is expanding its focus on globally connected, child-centric IB learning.

Sanfort is at the forefront of integrating globally accepted IB learning paradigms at the preschool level — a sector previously ignored by global curricula. It has already established India’s first IB preschool chain. Sanfort has not only embraced IB but it’s also integrating it with its own ‘Core Value Circle’ model.

Continuously breaking new ground in the implementation of IB at the preschool level, Sanfort is nurturing children emotionally, intellectually, socially, and physically. Under the visionary leadership of Ms. Sneha Rathor Khandelwal, CEO of Sanfort Group of Schools, the organisation is redefining IB preschool education as a future-ready learning environment designed for India’s youngest learners.

“IB is not a trend — it’s a transformational learning philosophy that teaches children how to think, not what to think. At Sanfort, we are committed to making inquiry-based education accessible from the very first years, helping children build curiosity, confidence, and compassion alongside academic readiness. This is how future leaders are shaped, and we are proud to drive this change,” said Ms. Sneha Rathor Khandelwal.

Sanfort is currently focused on deepening the reach of IB education through its growing network of schools. The group’s learner-centred curriculum fosters inquiry, independence, and critical thinking, preparing children for a globally connected world.

Dr. S.K. Rathor, Founder & Chairman, Sanfort Group of Schools said, “Bringing IB into the preschool space has been a bold step. As educational priorities in India continue to evolve, it’s clear that inquiry-driven, globally aligned early learning is no longer a luxury — it’s a necessity. Our vision is to shape confident, independent thinkers and socially aware global citizens right from their foundational years.”

With three countries and more than 250 schools, 90+ superior awards, and an established reputation for innovation in preschools — including being the first to deploy Touch ‘n’ Learn technology and AR-based curricula in India — Sanfort continues to raise standards in progressive early childhood education.

Looking ahead, Sanfort is going all out to take the IB framework to additional centres, making globally aligned, inquiry-based learning a norm, rather than a privilege, for Indian young learners.

Eurogrip Tyres Is ‘Technical Partner’ for Petronas TVS India One Make Championship 2025

Chennai, 9th June 2025: TVS Srichakra Ltd, India’s leading manufacturer of 2 & 3-wheeler and off-highway tyres, powers PETRONAS TVS India One Make Championship for the seventh year in a row, underlining its excellence to deliver tyres best suited for the racetracks. Eurogrip Tyres will be used in all the race-tuned machines, showcasing the collaboration between Eurogrip Tyres and TVS Apache series bikes.

The 2025 edition of the PETRONAS TVS India One Make Championship will be held from 6th June to 5th October 2025, in phases and will feature Eurogrip Tyres’ flagship products like Protorq Extreme (zero-degree steel belted radials) and Remora on TVS Apache RR 310 and TVS Apache RTR 200 motorcycles.

Sharing his thoughts, Mr. T K Ravi, COO, TVS Srichakra Ltd said, “Eurogrip Tyres are certainly the racers’ favourite. As a bike tyre specialist, we look forward to seeing our products excel on the track and are keen to receiving feedback from the racers. Seven years in row as technical partner is certainly a matter of pride for us and the partnership with PETRONAS TVS India One Make Championship is getting stronger year-on-year, standing testimony to our technological acumen.”

On the continued partnership, Mr. V Sivaramakrishnan, Dy COO and Chief Technology Officer, TVS Srichakra Ltd, said, “Eurogrip Tyres is glad to be a part of the PETRONAS TVS India One Make Championship that’s been a great platform for racing enthusiasts. It is a matter of great pride for us to see the performance of our tyres on motorcycles that are tuned specifically for racing. Racers opting for our high-speed tyres year-on-year echoes the trust they have on the brand. Our R & D teams keep curating the product performance parameters to enhance the riding experience on the track.”

Talking about the partnership, Mr. Vimal Sumbly, Head – Premium Business, TVS Motor Company said, “At TVS Racing, we are committed to engineering excellence and pushing the boundaries of track performance. Our long-standing collaboration with Eurogrip Tyres is built on mutual innovation, precision, and an unwavering passion for racing. This year holds even greater significance as we celebrate two decades of our flagship performance brand – the TVS Apache – a true embodiment of our ‘Track to Road’ philosophy. The PETRONAS TVS India One Make Championship continues to serve as a powerful testbed for both performance and innovation. The synergy between our race-tuned machines and tyres specially engineered by Eurogrip for competitive racing has not only enhanced rider performance but also instilled greater confidence on the track. As we charge into the new season, we aim not just to race, but to raise the bar for motorsports in India once again.”

Air India Extends Self Check-In & Baggage Drop Facilities to Destinations in EU, UK, Canada

Chandigarh, 09 June 2025: Air India has rolled out an integrated self-check-in and baggage-drop service for its passengers flying from India to all destinations operated by the airline in Europe, the UK and Canada. Air India was the first airline to have introduced this service from India to international destinations in the US and Australia, besides airports in the domestic network.

Air India is now extending the facility to a total of 19 airports – London (Heathrow and Gatwick), Birmingham, Paris, Vienna, Amsterdam, Copenhagen, Frankfurt, Milan, Zurich, Toronto, Vancouver and to all five destinations in US (New York, Newark, Chicago, Washington and San Francisco) and two in Australia (Sydney and Melbourne) – from airports in India. The initiative reaffirms Air India’s commitment to leveraging technology to elevate customer experience and deliver world-class service across every touchpoint.

The integrated self-check-in and baggage-drop service offers smooth and faster check-in process at the airport, significantly enhancing passenger experience. With this facility, Air India passengers can enjoy a seamless digital process to print boarding passes and baggage tags and drop bags on their own, eliminating the need to queue up for check in at counters.

The kiosks allow travellers to customise their trips by selecting and even paying for their preferred seats or update their frequent flyer number and contact details. This initiative cuts down on the time spent queueing up at the counters and helps passengers breeze through the airport to reach their boarding gates in time.

Over the last one year, Air India has introduced several customer initiatives including the Premium Lobby that offers exclusive check-in for first, business, and premium economy passengers, the dedicated Family Assistance counters at Delhi airport offering support to passengers travelling with family, city-side check-in counters at Delhi and Hyderabad helping passengers skip queues at airport counters and Self Check-in and Baggage-drop service. These initiatives are further elevating Air India’s customer experience to global standards that are now reflecting in our NPS (customer satisfaction) scores.

Indian Life Insurers Report Record New Business in May 2025, Premiums Up 10.86Percentage YTD

Mumbai, 9th June 2025: The Life Insurance Council has released updated industry business numbers for May 2025, highlighting a remarkable performance by Indian life insurers. New business premiums (NBPs) underwritten by Indian life insurers achieved a robust year-on-year growth of 12.68% in May 2025, with YTD figures recording a 10.86% growth over the same period last year. New business premiums expanded from ₹27,034.15 Crs in May 2024 to ₹30,463.21 Crs in May 2025, while YTD collections increased from ₹47,293.01 Crs to ₹52,427.4 Crs this year.

 According to data released by the Life Insurance Council, the life insurance industry saw individual single premiums grow by 5.21% year-on-year to close at ₹3,525.28 Crs for May 2025, with YTD growth standing at 4.89%. Individual non-single premiums came in at ₹7,086.1 Crs and grew by 2.45% in May 2025, with YTD collections 1.28% higher than the corresponding period last year.

 This strong performance is attributed to life insurers’ focus on encouraging first-time buyers to secure essential life insurance solutions, contributing to a 3.35% growth in combined individual premium collections for May 2025 and 2.46% growth on a YTD basis.

 In the Group policy segment, single premiums grew by 13.09%, with monthly collections reaching ₹18,068.04 Crs. The Group policy category also witnessed an impressive 18.40% growth in premiums collected in May 2025.

 The life insurance industry in India has been making significant strides forward by expanding access to insurance and making an effort to reach out to areas and segments of the country’s population that were previously underserved when it comes to their insurance needs. Towards this end, life insurers added more than 1,46,341 individual life insurance agents.

L and T Wins Order for Heavy Civil Infrastructure Business

Chandigarh, June 09, 2025: The Heavy Civil Infrastructure (HCI) business vertical of Larsen & Toubro has secured a significant order from JSW Energy for the execution of Bhavali Pumped Storage Project (PSP) in the state of Maharashtra.

The project is strategically located across the Nashik and Thane districts of Maharashtra and is designed to have a total installed capacity of 1500 MW, Comprising various small units.

The scope of work encompasses complete execution of all civil works related to the project, including construction of approach roads, upper and lower reservoirs, water conductor system, pressure tunnels, and the underground powerhouse unit.

The order reaffirms L&T’s proven capabilities in delivering complex hydroelectric infrastructure and reinforces its position as a key enabler in India’s quest for renewable energy.

Pumped storage projects like the Bhavali PSP are pivotal to grid stability, particularly in the context of growing integration of variable renewable energy sources.

Background:

Larsen & Toubro is a USD 30 billion Indian multinational engaged in EPC Projects, Hi-Tech Manufacturing, and Services, operating across multiple geographies. A strong, customer–focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business for eight decades.

eClerx Expands Global Outreach with New Delivery Center in Cairo, Egypt

NEW YORK, June 9, 2025 – eClerx Services Ltd, a leading productized services provider, today announced the launch of a new delivery center in Cairo, Egypt. This strategic expansion strengthens eClerx’s global operations and reinforces its commitment to driving innovation and harnessing top-tier talent in high-growth markets.

 The Cairo center will serve as a major expansion in technical support operations for one of eClerx’s largest telecom clients. Nestled between Africa, Europe, and Asia, this center allows eClerx to serve several of its largest clients in the US and Europe markets and provide enhanced multilingual support.

 “The opening of our Cairo delivery center marks the second new country opening for eClerx this year in line with our mission to deliver seamless, tech-enabled customer care experiences to our clients,” said Kapil Jain, CEO of eClerx.

 For 25 years, eClerx’s deep domain expertise and innovative technology solutions have provided clients access to enhanced customer journeys, improved our clients’ CSAT, and offered valuable insights that help them remain competitive in their industry. The addition of this center in Egypt will not only enable eClerx to offer these services to more clients across the globe, but also allow the company to leverage the wealth of talent and expertise present in this region.

 “Cairo’s rich talent pool coupled with the region’s thriving tech ecosystem and its strategic geographical location make it an ideal region to invest in,” said Michael Hutchison, Head of Customer Operations at eClerx. “We are excited to take part in an area so rich with innovation and resilience, and we look forward to creating valuable opportunities for local talent while continuing to drive transformative outcomes for our global partners.”

 With this new delivery center, eClerx underscores its commitment to deliver excellence, foster innovation, and strengthen partnerships with both its clients and the local community.