2, May 2026
GIIS Ahmedabad Honoured with Prestigious IMC Ramkrishna Bajaj National Quality Award
Ahmedabad, May 02: Global Indian International School (GIIS) Ahmedabad has been conferred with the esteemed IMC Ramkrishna Bajaj National Quality Award Trophy 2025 in the education category, recognising the institution’s commitment to excellence, innovation, and holistic student development. The award was presented at a distinguished ceremony graced by cricket legend and Padma Bhushan awardee Mr. Sunil Gavaskar as the Chief Guest.
The award was received by Global Schools Group Co-Founder & Executive Chairman Mr. Atul Temurnikar, along with Mr. Rathin Khandadia, Director – GCEE, Mr. Caesar D’silva, Principal, and Ms. Ruchika Dhingra, Vice Principal, and was presented by Mr. Sunil Gavaskar in the presence of Nobel Peace Laureate Kailash Satyarthi, marking a significant milestone for the institution at a national level
The recognition reflects GIIS Ahmedabad’s approach to education, combining academic focus with values-based learning and innovation. Central to this is the 9GEMS™ framework, which supports intellectual growth alongside character development, leadership, creativity, and a global outlook. The school also emphasises experiential learning, digital integration in classrooms, and a student-centric pedagogy, with initiatives around community engagement, ethics, and international exposure shaping well-rounded learners.
Speaking on the achievement, Mr. Caesar D’silva, Principal, GIIS Ahmedabad, said, “This recognition is a testament to our unwavering pursuit of excellence across every dimension of education. At GIIS Ahmedabad, quality is not a milestone but a continuous discipline embedded in our culture, systems, and mindset. This honour reflects the collective commitment of our educators, students, and parent community in building an institution that not only meets global benchmarks but consistently raises them. We remain focused on nurturing well-rounded individuals equipped with the skills, values, and resilience required to thrive in an evolving world.”
The IMC Ramkrishna Bajaj National Quality Award is widely regarded as a benchmark for organisational excellence in India, recognising institutions that demonstrate strong performance across quality management and operational effectiveness.
GIIS’s latest recognition reinforces its position as a leading institution in the Indian education landscape, with a strong focus on academic outcomes, innovation, and holistic development. The school continues to set high standards in delivering world-class, future-focused education.
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- By Neel Achary
1, May 2026
Servotech Renewable Announces its Q4 FY26 Results
Servotech Renewable Announces its Q4 FY26 Results, Revenue rises by 66.6% YoY, EBITDA up by 70.1% YoY; FY26 EBITDA Margin Expands 161 bps
New Delhi, May 01: Servotech Renewable Power System Ltd. (NSE: SERVOTECH), India’s leading solar solutions, BESS, and EV charger manufacturer, announced its financial results for the fourth quarter and year ended 31st March 2026. FY26 marked a transformational year for the Company, as it closed with its strongest-ever quarter as a listed entity. The performance was driven by robust momentum in the second half, supported by improved product mix, enhanced manufacturing capabilities, and disciplined execution. Strategic capacity expansion, coupled with a focused shift towards high-margin renewable and EV segments, enabled margin expansion and operational strength. Servotech now enters FY27 well-positioned to sustain growth and enhance long-term value creation.
Key Performance Highlights
Q4 FY26 Financial Review – Standalone (YoY)
● Total Revenue grew by 66.6% in Q4 FY26 of Rs. 21,120 lakh from Rs 12,674 lakh in Q4 FY25.
● EBITDA witnessed a growth of 70.16%, standing at Rs. 2,320 lakh in Q4 FY26 from Rs. 1,363 lakh in Q4 FY25.
● PAT experienced a substantial rise of 49.5%, standing at Rs. 1,173 lakh in Q4 FY26, compared to Rs. 784 lakh in Q4 FY25.
● PBT experienced a substantial rise of 41.74%, standing at Rs. 1,489 lakh in Q4 FY26, compared to Rs. 1,051 lakh in Q4 FY25.
● Gross Profit grew by 58.24%, standing at Rs. 4,222 lakh in Q4 FY26 from Rs. 2,668 lakh in Q4 FY25.
Q4 FY26 Financial Review – Consolidated (YoY)
● Total Revenue reported growth of 48.52% in Q4 FY26, standing at Rs. 21,900 lakh from Rs. 14,746 lakh in Q4 FY25.
● EBITDA grew by 80.86%, standing at Rs. 2,420 lakh in Q4 FY26 from Rs. 1,338 lakh in Q4 FY25.
● PAT experienced a rise of 35.92%, standing at Rs. 1,048 lakh in Q4 FY26, compared to Rs. 771 lakh in Q4 FY25.
● PBT grew by 24.16%, standing at Rs. 1,304 lakh in Q4 FY26, compared to Rs. 1,050 lakh in Q4 FY25.
● Gross Profit witnessed a growth of 72.18%, standing at Rs. 4,787 lakh in Q4 FY26 from Rs. 2,780 lakh in Q4 FY25.
FY26 Financial Review – Standalone (YoY)
● Total Revenue grew by 8.92% in FY26 of Rs. 64,166 lakh from Rs 58,911 lakh in FY25.
● EBITDA grew by 26.54%, standing at Rs. 7,419 lakh in FY26 from Rs. 5,863 lakh in FY25, with EBITDA margin expanding to 11.56% from 9.95% – an expansion of 161 basis points.
● PAT experienced a rise of 8.34%, standing at Rs. 3,625 lakh in FY26, compared to Rs. 3,346 lakh in FY25.
● PBT experienced a growth of 4.6%, standing at Rs. 4,737 lakh in FY26, compared to Rs. 4,528 lakh in FY25.
● Gross Profit grew by 27.39%, standing at Rs. 14,851 lakh in FY26 from Rs. 11,657 lakh in FY25.
FY26 Financial Review – Consolidated (YoY)
· Total Revenue stood at Rs. 67,536 Lac’s in FY26 versus Rs. 67,680 Lac’s in FY25, broadly flat, primarily reflecting the deliberate scale-down of low-margin trading activity in our medical equipment subsidiary, Rebreathe Medical Devices, as we focus capital on higher-margin core renewable and EV businesses.
· EBITDA grew by 22.46%, standing at Rs. 7,095 Lac’s in FY26 from Rs. 5,794 Lac’s in FY25.
· PAT (attributable to shareholders) grew 2.5% to Rs. 3,355 lakh in FY26 from Rs. 3,274 lakh in FY25, broadly stable.
· Gross Profit grew by 39.72%, standing at Rs. 16,245 Lac’s in FY26 from Rs. 11,626 Lac’s in FY25.
Commenting on the performance, Raman Bhatia, Managing Director, Servotech Renewable Power System Limited, said, “This has been a defining financial year for Servotech, marked by a strong finish and a clear shift towards sustainable, efficiency-led growth. Our performance in the second half of the year reflects the impact of strategic decisions we undertook earlier, particularly around strengthening our manufacturing capabilities, improving product mix, and maintaining strict cost discipline. The commissioning of new capacities across solar inverters, EV chargers, and battery solutions has positioned us well to meet the growing demand in the renewable energy and clean mobility sectors.
The real momentum has been driven by our H2 performance, where standalone revenue stood at ₹411 Crore, growing 34% YoY with H2 EBITDA margin reaching 12%, the highest in our listed history. This reinforces the effectiveness of our strategic focus and operational execution. Entering FY27, we carry forward our strongest-ever run-rate, backed by newly commissioned capacities that position us well to sustain and scale this growth trajectory.
While we remained focused on scaling our core business, we also took conscious steps to prioritise higher-margin segments, which have contributed to improved operational performance. As we move into FY27, we do so with a stronger foundation, better visibility on growth opportunities, and a continued commitment to innovation, execution excellence, and long-term value creation for our stakeholders.”
1, May 2026
April Gross GST Collection Hits INR 2,42,702 Crore, Up 8.7 pc; Highest-Ever Monthly Mop-Up!
New Delhi, May 1 (BNP): India’s gross Goods and Services Tax (GST) collection for April 2026 surged to a record ₹2,42,702 crore, registering an 8.7 per cent increase compared to the same month last year, signalling strong economic momentum and improved tax compliance.
The April collection marks the highest-ever monthly GST mop-up since the nationwide indirect tax regime was rolled out in July 2017, highlighting sustained growth in domestic consumption, trade activity, and business transactions.
Officials said the robust tax numbers reflect the resilience of the Indian economy despite ongoing global uncertainties and geopolitical tensions impacting international markets.
GST collections are widely seen as a key indicator of economic health, as higher revenues generally point to stronger consumer demand, increased commercial activity, and better compliance among taxpayers.
The strong April figures also come at the beginning of the new financial year, raising optimism over government revenue trends and fiscal stability in the months ahead.
Economists noted that consistent growth in GST collections could provide additional fiscal space for infrastructure development, welfare programmes, and public investment, while supporting the government’s broader economic expansion agenda.
The record-breaking collection is expected to further strengthen confidence in India’s growth outlook and revenue position for FY 2026-27.
1, May 2026
Labour Day 2026 Explained: History, Importance, Theme and Wishes for Workers
New Delhi, May 1 (BNP): Labour Day, also known as International Workers’ Day or May Day, is being observed across the world on Friday, May 1, 2026, to honour the contribution, dedication, and achievements of workers across all sectors.
Celebrated annually on May 1, the day recognises the strength of the labour force and highlights the importance of fair wages, safe working conditions, dignity at work, and social justice for employees.
Why Labour Day Is Celebrated on May 1
The origin of Labour Day dates back to the labour union movement in the late 19th century, particularly the historic Haymarket affair in Chicago in 1886, where workers demanded an eight-hour workday. The movement became a symbol of workers’ rights and inspired countries worldwide to observe May 1 as International Workers’ Day.
In India, Labour Day was first celebrated in Chennai in 1923 by the Labour Kisan Party of Hindustan, making it a significant milestone in the country’s labour history.
Labour Day 2026 Theme
The global focus for Labour Day 2026 centres on workers’ rights, fair employment, social security, dignity of labour, and inclusive economic growth. Various organisations and labour groups are observing the day with discussions on job security, skill development, workplace equality, and employee welfare.
Significance of Labour Day
Labour Day serves as a reminder of the vital role workers play in building industries, economies, and nations. It also acknowledges the struggles and sacrifices made by generations of workers to secure rights and protections that many employees benefit from today.
The day is marked through rallies, awareness programmes, recognition events, and campaigns promoting labour welfare and workplace safety.
Wishes to Share on Labour Day 2026
- Happy Labour Day to all hardworking people whose dedication keeps the world moving.
- Wishing strength, success, and respect to every worker on this Labour Day.
- Salute to the hands that build the nation. Happy May Day 2026.
- Your hard work shapes the future. Happy Labour Day.
- May every worker receive dignity, fair opportunity, and prosperity.
Labour Day is more than a holiday—it is a tribute to millions of workers whose efforts power daily life and economic progress. As the world marks May 1, the occasion calls for renewed commitment to fairness, equality, and respect in every workplace.
1, May 2026
Mamata Banerjee Warns Against Tampering of Counting Process After Late-Night Visit to EVM Strongroom in Bhabanipur
Kolkata, May 1 (BNP): West Bengal Chief Minister and All India Trinamool Congress (TMC) supremo Mamata Banerjee early Friday issued a stern warning against any attempt to tamper with the vote counting process, hours after she made a late-night visit to an EVM strongroom in Bhabanipur alleging possible malpractice ahead of the May 4 counting.
Banerjee reached the Bhabanipur Assembly segment counting centre at Sakhawat Memorial School on Thursday night and remained inside the premises for nearly four hours along with her election agent. The strongroom houses Electronic Voting Machines (EVMs) used in the April 29 polling.
Emerging from the centre shortly after midnight, she stressed the need for strict transparency in the counting process.
“Either the candidate or one agent can stay upstairs. I have also suggested installation of CCTV cameras for the media,” Banerjee told reporters.
Emphasising the importance of safeguarding public mandate, she said, “People’s votes must be protected. I rushed here after receiving complaints. If there is any plan to tamper with the counting process, it will not be tolerated.”
She also alleged that central security personnel initially prevented her from entering the premises.
The development came amid heightened political activity in the state, with TMC leaders intensifying vigilance over strongrooms ahead of counting day.
Meanwhile, Kolkata Mayor and TMC candidate Firhad Hakim reached the venue but was unable to meet Banerjee.
“I came after learning that the chief minister had arrived. However, I could not meet her as she was already inside the premises exercising her right as a candidate to inspect the strongroom,” Hakim said.
In a parallel protest, TMC leaders Kunal Ghosh and Shashi Panja staged a sit-in outside Khudiram Anushilan Kendra in north Kolkata, alleging irregularities and possible tampering of EVMs stored there. The protest led to tense exchanges between TMC and Bharatiya Janata Party (BJP) supporters.
Earlier in a video message, Banerjee had urged party workers, leaders, and polling agents to maintain a 24-hour vigil outside all EVM strongrooms across the state.
The developments have added to the charged political atmosphere in West Bengal following a fiercely contested Assembly election, with all major parties closely monitoring arrangements ahead of the crucial counting day on May 4.
1, May 2026
Security Tightened at Netaji Indoor Stadium Ahead of May 4 Counting Amid TMC Protest Over Alleged Irregularities!
Kolkata, May 1 (BNP): Security has been significantly intensified at Netaji Indoor Stadium ahead of the counting of votes scheduled for May 4, following protests by the All India Trinamool Congress (TMC) over alleged irregularities in the electoral process.
Authorities have deployed a large number of police personnel, quick response teams, and surveillance units in and around the counting centre to ensure smooth and peaceful proceedings. Entry and movement around the stadium are expected to be closely regulated, with multi-layer security arrangements put in place.
The enhanced security measures come after TMC leaders and supporters raised concerns over alleged discrepancies and demanded greater transparency in the counting process. Party representatives have also sought strict monitoring and adherence to election guidelines.
Officials said all necessary arrangements are being made to maintain law and order, prevent any untoward incidents, and facilitate a fair counting process on the scheduled date.
Netaji Indoor Stadium, one of Kolkata’s key venues for major civic and administrative events, is expected to witness heavy security presence until the completion of counting.
The administration has appealed to political parties, candidates, and supporters to cooperate with authorities and maintain peace during the counting exercise.
1, May 2026
Mumbai Sees Strong Start to FY27 with Record April Property Registrations
May 1: Mumbai’s residential real estate market has started the new financial year on a robust note, with property registrations touching a 14-year high for the month of April. The city recorded over 13,800 property registrations in April 2026, marking a 6% year-on-year growth and the strongest April performance in over a decade, according to data analysed by Knight Frank India.
The surge in registrations underscores sustained end-user demand in the market, even as activity remained elevated on a high base. Stamp duty collections for the month stood at over ₹1,100 crore, witnessing a marginal 1% year-on-year rise, indicating a shift in transaction mix rather than any slowdown in demand.
On a sequential basis, registrations declined by 13% compared to March 2026, while stamp duty revenues fell by 27%, reflecting the typical seasonal moderation following a strong year-end closure cycle. Historically, March tends to see a spike in transactions as buyers rush to close deals before fiscal year-end, with April witnessing a natural cooling-off period.
Industry experts note that the relatively stable revenue collections, despite rising volumes, suggest a growing preference for mid-ticket and value-driven housing, signalling a more balanced and sustainable growth cycle for Mumbai’s residential sector.
Mr. Kamlesh Thakur, President, NAREDCO Maharashtra and Co-Founder & Managing Director, Srishti Group “The fact that Mumbai has recorded its highest-ever April registrations in over 14 years clearly underlines the depth of end-user demand in the market. Achieving a 6% year-on-year growth on an already elevated base reflects strong underlying fundamentals. While stamp duty collections have remained largely stable, it indicates a shift in the transaction mix towards mid-segment housing, which is a healthy sign for long-term market sustainability. The seasonal moderation after March is expected and does not dilute the positive momentum we are witnessing.”
Mr. Ram Naik, Co-founder & CEO, The Guardians Real Estate Advisory “These numbers reaffirm that Mumbai’s residential market continues to be driven by genuine end-user demand rather than speculative activity. Crossing 13,800 registrations in April, traditionally a softer month, highlights the market’s resilience. The marginal growth in stamp duty collections suggests buyers are becoming more value-conscious, with a tilt towards practical ticket sizes. We are also seeing steady traction in emerging micro-markets where affordability and connectivity are aligning well.”
Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers “The sustained momentum in registrations reflects evolving homebuyer aspirations, especially for quality living and well-planned developments. While overall revenues have seen limited growth, it signals a conscious recalibration in buyer preferences towards value-driven purchases rather than just high-ticket transactions. This is a positive shift, as it broadens the demand base and supports long-term stability in Mumbai’s residential market.”
Mr. Shilpin Tater, Managing Director, Superb Realty “Recording the strongest April in 14 years is a significant milestone for Mumbai’s real estate market. Even with the typical post-March moderation, transaction volumes remain robust, indicating continued buyer confidence. The data suggests a well-balanced market where demand is steady and not overheated. For developers, this reinforces the importance of delivering projects that align with buyer expectations on pricing, quality, and timelines.”
1, May 2026
LPG Price Hike: 19-Kg Commercial Cylinder Up by INR 993 from May 1; Businesses to Feel the Heat!
New Delhi, May 1 (BNP): In a major setback for businesses and commercial establishments, oil marketing companies have sharply increased the price of 19-kg commercial LPG cylinders by ₹993 with effect from May 1, 2026. The steep hike is among the sharpest monthly increases in recent years and is expected to significantly impact hotels, restaurants, caterers, bakeries, roadside eateries, and small businesses across the country.
Following the latest revision, the new rates of 19-kg commercial LPG cylinders in key metro cities are:
Delhi: ₹3,071.50
Mumbai: ₹3,046.50
Bengaluru: ₹3,190.00 (approx.)
Kolkata: ₹3,175.00 (approx.)
In contrast, the price of the 14.2-kg domestic LPG cylinder remains unchanged, offering relief to household consumers. In Delhi, the domestic LPG cylinder continues to be priced at ₹913.
Oil companies usually review and revise LPG prices on the first day of every month based on international fuel prices, exchange rates, and market conditions.
This marks the third consecutive increase in commercial LPG prices in recent months. The rate was raised by ₹144 in March, followed by another hike of nearly ₹200 on April 1. With the latest increase, commercial users are expected to face mounting operational costs.
Industry experts attribute the sharp rise to growing uncertainty in global energy markets and escalating geopolitical tensions in West Asia. The ongoing conflict involving the US, Israel, and Iran, which began on February 28 and has now entered its eighth week, has disrupted shipping movement through the Strait of Hormuz — one of the world’s most critical energy transit routes.
The disruption in crude oil and gas supply chains has added pressure on global fuel prices, prompting domestic price revisions.
Meanwhile, Indian Oil Corporation Ltd. has also announced hikes in bulk diesel and aviation turbine fuel (ATF), commonly known as jet fuel, used for international airline operations. However, the company has not disclosed the revised rates in its official statement or on its website.
In a statement, Indian Oil said, “Price revisions have been limited to select industrial segments, which constitute a relatively small share of overall consumption and are subject to routine monthly adjustments based on prevailing international prices.”
The latest LPG price hike is expected to raise costs across several sectors, with many businesses likely to pass the additional burden on to consumers in the coming weeks.
1, May 2026
Big EPFO Update: Minimum Pension May Rise 7.5 Times, ATM Withdrawals Soon!
New Delhi,May 1 (BNP): In a major relief for millions of salaried employees and pensioners, the government is reportedly considering a sharp hike in the minimum pension under the Employees’ Pension Scheme (EPS-95). The current minimum pension of ₹1,000 per month may be increased to ₹7,500, according to recent reports.
The proposed revision comes amid growing demands from labour unions and pensioners’ associations, who have long argued that the present pension amount is inadequate in view of rising inflation and living costs. A parliamentary panel has also reportedly supported the move, and a final decision is expected soon.
In another significant development, the Employees’ Provident Fund Organisation (EPFO) is also working on enabling ATM-based withdrawals for Provident Fund (PF) accounts. This move is expected to make access to funds faster, easier, and more convenient for subscribers.
Reports suggest that under the proposed digital upgrade, members may be able to withdraw PF money directly through ATMs, similar to regular bank transactions, reducing delays in emergency fund access.
Additionally, EPFO is likely to maintain an 8.25% interest rate on EPF deposits for FY26, subject to final approval from the Finance Ministry.
If approved, these reforms would mark one of the biggest overhauls in EPFO services, offering higher retirement security and easier access to savings for crores of workers across India.
1, May 2026
Tendo Announces Agreement with InfuCare Rx to Expand Affordable, High-Quality Infusion Care Nationwide
Philadelphia, PA – May 1 – Tendo on Thursday announced a new agreement with InfuCare Rx®, a national infusion services provider, to expand access to high-quality, cost-effective infusion therapy through the Tendo Marketplace.
Infusion therapy is a major cost driver across autoimmune and inflammatory disorders, as well as neurology, hematology, and immuno-oncology. This relationship supports Tendo Marketplace’s broader mission to support ambulatory care and bring new specialty clinical categories to employers, health plans, and patients—particularly in areas with high cost and complex care needs.
“By working with InfuCare Rx, we are proud to expand access to innovative infusion care models that improve affordability while enhancing the patient experience,” said Ben Maisano, SVP Strategy at Tendo. “This relationship strengthens our national network and helps employers and plan sponsors better navigate some of the most expensive specialty therapies in the US.”
InfuCare Rx provides comprehensive infusion services through a growing national footprint, including:
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20+ infusion nursing offices and suites
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Nationwide nursing and home infusion services
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300+ conditions treated
“We are excited to collaborate with Tendo to expand access to safe, high-quality infusion therapy in more convenient and cost-effective settings,” said Deven Patel, Founder and Chief Executive Officer at InfuCare Rx. “Together, we’re making it easier for patients to receive complex specialty treatments closer to home while helping payers and employers better manage specialty drug spending.”
InfuCare Rx enhances the infusion care experience by offering flexible care delivery options, including ambulatory clinics and in-home services. This approach supports cost-effective care while maintaining strong clinical oversight and improving convenience, reducing travel burden, and expanding access to specialty care nationwide.
“For patients undergoing ongoing infusion therapy, convenience and continuity of care make a meaningful difference,” said Mike Reese, VP Clinical Advocacy at Valenz. “Having access to trusted, home-based infusion options allows us to guide members toward high-quality care that fits their lives.”
The InfuCare Rx care delivery model includes standardized protocols and ongoing patient monitoring to support quality, safety, and outcomes across infusion therapies.
With the addition of InfuCare Rx, Tendo adds to its national infusion network for Tendo’s Marketplace, offering greater choice, value, and modern site-of-care options for patients and partners across the country.
