Archives February 2025

Bengaluru, India, 12th February 2025: Zomato, India’s food ordering and delivery platform’s latest film offers a fun take on why Bengaluru enjoys such super weather. A new, quirky film reveals the hilarious truth – it’s all thanks to the timely delivery of delicious “oota” (food) to the city’s kind-hearted Weather Gods.

The film features Dino Morea as the lead Weather God, overseeing his divine team as they manage Bengaluru’s enviable climate. The narrative playfully suggests that the city’s consistently pleasant weather is the ultimate mood booster for the citizens. And the secret? Zomato’s seamless, on-time food delivery keeps the Weather Gods happy and their weather-making efforts in top form. The star-studded film also features appearances from celebrated actors and influencers Ashish Vidhyarthi, Niharika NM, and Jordindian, adding to the entertainment and surprise for viewers.

The campaign’s pre-buzz began with intriguing outdoor advertisements posing the question, “Why is Bengaluru’s weather so super?” Cricket legend Anil Kumble shared a picture of the outdoor campaign on X, contributing to the online buzz. On the campaign’s launch day, Zomato revealed the answer across its social media channels and outdoor ads to feature Dino Morea as the Weather God, with the tagline: “Super weather needs super oota!”

Commenting on the campaign Sahibjeet Singh Sawhney, Marketing Head, Zomato said, “Bengaluru has always been a key market for us, and this campaign is a heartfelt tribute to the city. It captures the essence of Bengaluru—its rich culture, deep-rooted love for great food, and, of course, its unparalleled weather.

Through a fun and relatable narrative, we’ve brought the city’s charm to life, playfully personifying the ‘weather gods’ and showcasing how timely ‘oota’ keeps them—and all of Bengaluru—happy..”

New Delhi, India, February 12, 2025: vivo, the innovative global smartphone brand, has formed strategic partnerships with the Central Institute of Educational Technology – NCERT (CIET-NCERT), IIT Madras Pravartak Technologies Foundation, and UN Global Compact Network India (UN GCNI) for its flagship CSR program, vivo Ignite: Technology and Innovation Initiative (T&I initiative). These collaborations are set to further elevate the T&I Initiative, which focuses on empowering India’s youth, particularly students from grades 8–12, by providing them with resources, mentorship, and platforms needed to tackle some of the world’s most pressing societal challenges through innovative solutions.

These partnerships represent a confluence of expertise, creating a dynamic ecosystem to inspire innovation and drive meaningful change.

• CIET-NCERT will enhance the program’s reach and accessibility, ensuring ideas from diverse backgrounds can flourish.
• IITM Pravartak Technologies Foundation will offer productive guidance to empower participants to refine and scale their innovations
• UN Global Compact Network India will enable the program to be seen under the light of contributing to the SDGs

Together, these organizations will amplify the initiative’s mission to empower young minds and transform creative tech-driven ideas into meaningful societal change.

Geetaj Channana, Head of Corporate Strategy, Vivo India, said, “At Vivo, we believe in the transformative power of collaboration. By joining forces with CIET-NCERT, IITM Pravartak Technologies Foundation, and UN Global Compact Network India, we aim to amplify the impact of vivo Ignite, empowering young innovators to design meaningful, tech-driven solutions for societal challenges. This partnership is not just an alliance but a shared commitment to creating a sustainable future by equipping India’s youth with the tools and guidance they need to succeed.”

He added, “Through vivo Ignite, we aim to bridge the gap between ambition and execution, turning ideas into tangible, scalable solutions that drive positive change. This partnership reaffirms our belief in nurturing the changemakers of tomorrow and advancing the larger vision of technology for good.”

The 3rd edition of the vivo Ignite Initiative provided opportunity to students from grades 8–12 across India. The program, conducted in three stages, encourages young minds to develop innovative solutions in key areas such as Software-Tech Innovations, Agriculture & Climate Change, and Community Development Innovations, with all themes aligned with the UN SDGs.

In the upcoming stage, an esteemed jury will meticulously evaluate the entries and shortlist 200 ideas – 50 from each zone (North, South, East, and West). These zonal winners will participate in workshops and receive mentoring sessions. The shortlisted participants will then submit a video explaining their working model/prototype and provide details of the project in a Project Display Board format. The Top 10 ideas will proceed to the next stage.

In the final stage, participants of the Top 10 Ideas will undergo industry workshops and receive mentoring sessions from distinguished subject matter experts from IITM Pravartak Technologies Foundation to refine their skills. They will present their final prototypes at the Grand Finale in June 2025 in New Delhi. Participants of the initiative will have the chance to win scholarships and rewards up to INR 35 lakhs* in total.

In a world driven by rapid technological advancements, the ability to think critically, innovate, and solve real-world challenges has never been more important. India, with its growing technology ecosystem, is emerging as a global hub for innovation and progress. vivo Ignite is designed to inspire young minds to push boundaries, develop breakthrough ideas, and apply technology to create solutions with meaningful societal impact.

This Valentine’s Day make your beau fall head over heels for you with Nemssis’ stunning range of fabrics! Featuring vibrant colors, intricate embellishments, and eye-catching prints make Nemssis your perfect gifting partner this Valentine’s Day. Whether it’s bold hues, delicate embroidery, or statement-making designs this collection has the perfect piece to match your love story. So why stick to just red when you can express your love in the color that speaks to your heart? Gift your special someone a touch of elegance and style with Nemssis and make this Valentine’s Day truly unforgettable!

In a world where good and evil constantly clash, the question arises can black magic truly control someone’s fate? Ishq Jabariya on Sun Neo recently explores the themes of black magic and Vashikaran through Mohini’s dark powers over Aditya, but actress Siddhi Sharma, who plays Gulki in the show, has a strong belief that no negative force can overpower true strength and devotion.

Sharing her thoughts on vashikaran and black magic, Siddhi says, “I truly believe that every soul is born free, and no external force should ever control someone’s mind or heart. Black magic and vashikaran may seem powerful, but they are just illusions that try to manipulate destiny. True connections are built on love, trust, and positive energy, not on fear or force. No matter how strong negativity appears, it can never overpower the light within us. The universe always finds a way to restore balance and protect those who walk on the right path.”

The Ishq Jabariya actress further added, “In Ishq Jabariya, Mohini uses black magic to control Aditya. But in reality, such things can never win in the long run. Spirituality teaches us that what is meant to be will always find its way naturally. Instead of seeking shortcuts through dark practices, one should focus on good karma and pure intentions. In the end, only truth and love have the power to break all illusions.”

Ishq Jabariya is an engaging love story centered around Gulki, a determined young woman with big aspirations. The show features a stellar cast, including Kamya Panjabi, Siddhi Sharma, and Lakshay Khurana, adding depth and emotion to this captivating narrative. Watch Ishq Jabariya on Sun Neo, every Monday to Sunday at 7:30 PM.

Welcome to Lexi’s Gourmet Sandwiches, where every bite is an adventure, and every sandwich is a masterpiece. Now available on Zomato, Lexi’s brings unapologetic indulgence to Gurgaon with bold flavors, gourmet ingredients, and a playful twist on your favorite comfort food.

Lexi’s isn’t just about sandwiches—it’s about creating unforgettable moments with every dish. Here are a few of our crowd-favorites that have foodies raving:

Truffle Shroom Melt: A love letter to mushroom lovers—truffle-infused mushrooms, gooey mozzarella, garlic aioli, and a kick of chili oil layered on toasted ciabatta, finished with fresh arugula for the ultimate indulgence.

Chili Burrata Bomb: Creamy burrata meets crispy onion rings, drizzled with chili oil and topped with grated parmesan and fresh arugula, all tucked into a crusty ciabatta. The perfect balance of creamy, crispy, and spicy.

Nashville Fried Chicken Sando: Our spicy fried chicken, drenched in ghost pepper oil and hot honey, topped with Lexi’s apple slaw and pickles, and tucked into a buttery brioche bun. This one’s for the heat seekers!

The Stoner (Dessert): Layers of rich chocolate fudge and gooey salted caramel served in a jar, crafted to satisfy your deepest dessert cravings. It’s the ultimate sweet escape.

Lexi’s isn’t just about food; it’s about bold flavors, vibrant vibes, and unforgettable dining moments. From our artisanal bread to our unexpected flavor combinations, every detail is designed to wow your taste buds. Whether you’re indulging on a busy weekday or treating yourself on the weekend, Lexi’s delivers comfort food with a gourmet edge.

Mumbai, 11 February 2025: EY released its latest edition of the ‘PE/VC Agenda: India Trend Book 2024’, at the Indian Venture and Alternate Capital Association (IVCA) in Mumbai, highlighting a strong year for private equity and venture capital deal activity in India. Despite global challenges, 2024 marked the second highest-ever investment of US$56 billion, driven by an all-time high in deal volume, with 1,352 deals—a 54% year-on-year surge. This growth demonstrates India’s resilient economic framework, the increasing depth of its capital markets, the long-term growth potential of sectors investors find attractive, and an expanding and resilient startup ecosystem.

Vivek Soni, Partner and National Leader for Private Equity Services, EY India said, “Despite the backdrop of geopolitical uncertainties, depreciating currency, stretched valuations and market volatility, the resilience of India’s economic expansion has driven an increase in PE/VC activity. The 2024 PE/VC activity—marked by rising investment volumes and exits—underlines investor confidence in India’s growth trajectory, with sectors like infrastructure, real estate, e-commerce, technology, and financial services leading the way. As we navigate the challenges and uncertainties that will come our way in 2025, our GDP growth, political and policy stability, favorable macroeconomic environment and the quality of Indian entrepreneurs will continue to offer significant opportunities for long-term investors. The declining interest rate curve combined with correction in public market valuations will hopefully reduce the bid-ask spread in private deals and lead to an increase in value and volume of PE/VC deal closures. “

Commenting on the launch of the report, Rajat Tandon, President, IVCA said, “India’s alternate capital landscape has matured significantly over the past decade, demonstrating resilience and adaptability amid evolving global dynamics. The surge in buyout transactions and private credit investments signals a shift towards long-term value creation and strategic growth. At the same time, the rise of new sectors—driven by innovation and sustainability—underscores the expanding horizon of investment opportunities. As capital markets evolve and exit strategies become more sophisticated, India continues to solidify its position as a global investment hub. The road ahead will be shaped by collaboration, policy certainty, and the ability to harness emerging opportunities in a rapidly changing world.”

Key trends of 2024

1. Overall rise in investments: PE/VC investments saw a 5% year-on-year increase in 2024, driven by a surge in buyout investments, particularly in the infrastructure, technology, and financial services sectors. The number of deals experienced a

significant 54% year-on-year growth. While the buyout, start-ups, and credit segments

experienced an increase in value terms, growth, and PIPE investments declined

compared to the previous year.

2. Shift in investment approach: A resurgence was observed in pure-play PE/VC investments, which saw a 10% year-on-year increase. PE/VC activity in the infrastructure and real estate asset class declined by 3% year-on-year.

3. Churn in sectoral allocation: Infrastructure was the leading sector, attracting US$12.1 billion in PE/VC investments. Among the traditional favorites, financial services, e-commerce, and technology recorded a growth, whereas life sciences experienced a year-on-year decline. The real estate sector witnessed a record high of US$8.8 billion in investments.

4. PE/VC exits rise: PE/VC exits surged to a record third-highest total of US$26.7 billion, across the second highest-ever number of exits, with 282 deals. Exits via the open market dominated this year’s exit activity with an all-time high of US$12.9 billion, accounting for 48% of overall exits during the year.

5. Decline in fundraising activity: Fundraising activity declined in 2024 to reach US$10.4 billion, down from US$15.9 billion in the previous year. The number of fundraisers also dropped to 95 from an all-time high of 102 in 2023.

PE/VC Investments by Sector

In 2024, private equity and venture capital investment activity exhibited significant trends

across various sectors. Infrastructure, financial services, real estate, e-commerce, technology, and life science recorded more than 100 deals each, compared to just two sectors reaching this milestone in 2023, collectively accounting for 80% of total

investments by value and 66% by deal volume. Like last year, 2024 also witnessed 12 sectors receiving over US$1 billion in investments.

The infrastructure sector maintained its dominance and, as in the previous year, remained the top sector in this year. In 2024, the real estate and financial sectors swapped positions. Real estate, which held the second spot in 2023, slid to third, while the financial sector moved up from third to secure the second spot. The technology sector, previously ranked fifth in 2023, moved to the fourth spot.

Traditionally favored sectors such as e-commerce, technology, and financial services grew by 87%, 56%, and 41%, respectively. Meanwhile, sectors like telecommunications, chemicals, media, and entertainment experienced exceptional growth of 711%, 472%, and 108%, each surpassing the 100% growth mark. These dynamics underscore the evolving landscape of PE/VC investments, reflecting shifts in investor preferences as per the market dynamics.

Eying the Future: Positive outlook for 2025 and beyond

PE/VC investments in 2025 began on a strong note, with January’s investments 37% higher than December 2024, despite a 9% dip compared to January 2024. The outlook for India’s PE/VC ecosystem remains positive, driven by a favorable macroeconomic environment, strong fiscal health, and stable government policies. As volatility in mid-cap and small-cap indices declines, we anticipate increased deal activity and closures.

The recent market correction signals more balanced conditions ahead, reinforcing India’s attractiveness as a leading PE/VC destination. International General Partners (GPs) will continue to shape the landscape, while the pullback in the startup segment presents unique opportunities, particularly in Tier 2 and Tier 3 cities, known for their untapped markets and cost advantages.

With improving corporate earnings, a narrowing gap between buyer and seller expectations, and an increasing number of IPOs, India offers substantial opportunities to PE/VC investors. Sectors like Infrastructure, Real Estate, Financial Services, Technology, e-commerce, and Healthcare combined with opportunities in Green Energy Transition and Renewables, healthcare, and pharmaceuticals will continue to attract PE/VC investor interest

Hyderabad: Ashoka One Mall in collaboration with Amor Hospital, successfully organized a Free Health Campaign from February 3rd to 5th, commemorating World Cancer Day. The initiative aimed to raise awareness about the significance of early cancer detection and preventive healthcare, offering visitors complimentary health check-ups.

The health camp provided a range of free medical services, including consultations with General Physicians, Ophthalmologists, and Dental specialists, along with Eye Examinations, Blood Pressure, and Blood Sugar Tests. The campaign saw active participation from individuals across different age groups, emphasizing the growing need for accessible healthcare and regular screenings.

The World Cancer Day Free Health Campaign served as a reminder of the power of awareness and timely medical intervention, inspiring individuals to take proactive steps toward their health. Ashoka One Mall remains dedicated to fostering a healthier and more informed community through meaningful initiatives.

Speaking on the occasion, Mr. N Jaideep Reddy, Managing Director, Ashoka Developers and Builders Limited, said “At Ashoka One Mall, we believe in contributing to the well-being of our community by promoting health awareness and preventive care. This initiative, in association with Amor Hospital, reinforces the importance of regular health check-ups and early detection, which can play a crucial role in saving lives. We are committed to hosting more such impactful programs in the future.”

This Valentine’s Day, Malaka Spice, known for its culinary excellence and commitment to sustainability, invites couples to experience a romantic evening like never before. Presenting Lights Out! – the Valentine’s Day Edition, an enchanting celebration that combines sustainability with love.

On the 14th of every month, Malaka Spice transforms its ambiance by switching off all non-essential lights and embracing the warm glow of re-used candles, creating a luminaria-inspired atmosphere. In the spirit of sustainability, the restaurant not only saves on electricity but also repurposes wax from used candles for this special night.

On February 14th, Malaka Spice takes this eco-friendly romance to the next level. The restaurant will be exclusively illuminated by candlelight, providing an intimate setting for couples to celebrate their love. The evening features delectable desserts crafted from produce sourced directly from Malaka Spice’s Cherish Farm, as well as tantalizing cocktails made with meads from Moonshine Meadery.

Indulge in a specially curated Valentine’s Day menu, featuring exquisite dishes like Malay Yum Curry Puffs, Sambal Olek Fish, Chicken Malay Curry, Nasi Bhokari Rice, Ayam Goreng Kunit Wings paired with fine wine, all set against a breathtaking, candlelit backdrop. For all the sweet cravings we have got Coconut Pandan Tres Leches and Peanut Butter Jelly Kachang. It’s the perfect way to celebrate love and create unforgettable memories.

So, head to Malaka Spice to celebrate love sustainably and romantically this Valentine’s Day. Create memories that are as enduring as the glow of candlelight.

• What: Valentine’s Day Celebration
• Where: Malaka Spice, Koregaon Park and Kharadi
• When: 14th February, 07:00 pm onwards

February 11, 2025 | Bengaluru: In a defining moment of transformation, BEML Ltd. unveiled its new brand identity, ‘Infinix,’ at the prestigious Aero India 2025. Admiral Dinesh Kumar Tripathi PVSM, AVSM, NM, Chief of Naval Staff (CNS), unveiled the new logo at the BEML stall, alongside Shri Shantanu Roy, CMD, BEML Ltd., Functional Directors of BEML and senior officers from Defence Forces, in a grand display featuring motion graphics that traced BEML’s remarkable 60-year evolution. This landmark event showcased BEML’s growing prowess in Aerospace and Defence through a fully digital and immersive experience.

BEML’s Infinix logo represents more than a rebranding—it is a profound transformation. The freed Phoenix, breaking out of its circular boundary, symbolizes limitless aspirations and an unyielding commitment to innovation, agility, and excellence. Its outstretched wings embody BEML’s relentless pursuit of breakthrough solutions across Air, Land, and Sea. The name ‘Infinix’—a fusion of ‘Infinity’ and ‘Phoenix’—draws inspiration from aerodynamic precision, mirroring BEML’s expertise in cutting-edge engineering, mobility solutions, and future-ready technologies. Its fluid, dynamic form represents power, speed, and a forward-thinking vision that drives BEML to redefine industries.

Congratulating BEML on this transformative journey, Admiral Tripathi, shared: “I extend my heartfelt congratulations to the leadership and entire team of BEML on this historic occasion. The unveiling of ‘Infinix’ reflects your bold vision to emerge as one of India’s most valuable companies, both nationally and globally. As BEML ventures into futuristic sectors, driving national progress and technological excellence, I do not doubt that even greater milestones lie ahead.”

This rebranding marks a new era for BEML—not just a visual shift but a powerful declaration of ambition, innovation, and impact. The ‘Infinix’ identity underscores BEML’s mission to shape the future, delivering next-generation solutions that empower India and the world.

Expressing his enthusiasm, Shri Shantanu Roy, CMD, BEML Ltd., shared: “The new logo symbolizes our evolution from a legacy-driven enterprise to a global force in engineering, leading the way in key sectors. This transformation mirrors our aspirations to expand into new markets, explore emerging technologies, and embrace the challenges of tomorrow with unmatched vigor and determination. It carries with it the collective dreams and ambitions of BEML’s people—employees, partners, stakeholders, and customers. It is a symbol of our shared purpose to create value, drive progress, and leave an indelible mark on the world.”

At Aero India 2025, BEML Ltd. will showcase its latest advancements in Aerospace, Defence, and Strategic Engineering, reinforcing its commitment to innovation and indigenous manufacturing. The spotlight will be on its cutting-edge Unmanned Aerial Vehicles (UAVs), including Vihangam-35, a high-performance reconnaissance and surveillance UAV developed in collaboration with IIT Kanpur, and Abhinandan HNX50, a next-generation RPAS.

In the realm of Space and Missile Technology, BEML will present ISO Grid Panels designed for ISRO’s LVM3 launch program, along with Light Alloy Structures for advanced launch vehicles. The company is also displaying its expertise in missile casings, which play a critical role in India’s defence programs, including Akash and Kusha.

BEML’s contribution to Aircraft and Helicopter Components will be demonstrated through its precision-engineered airborne parts and Ground Support Equipment (GSE) for the LCA Mk1, reinforcing its role in India’s aerospace advancements. Additionally, in Maritime Defence, BEML will highlight its Marine Gas Turbine Flame Tubes, engineered to enhance naval propulsion efficiency, and the Universal Bomb Pallet, designed to strengthen India’s airforce armament systems.

With its diverse portfolio and continuous innovation, BEML remains at the forefront of India’s aerospace and defence ecosystem, driving technological advancements that contribute to national security and global competitiveness.

About BEML- BEML Limited is a leading multi-technology ‘Schedule A’ company under the Ministry of Defence, which plays a pivotal role in serving India’s core sectors like Defence, Rail, Power, Mining and Construction by offering world-class products. BEML Limited, a committed player in the field of manufacturing earthmoving, transportation, and construction equipment, celebrates a rich legacy spanning six decades of relentless pursuit of excellence and innovation.

Mumbai: ICRALimitedannounceditsresultsforthethird quarter, and nine months ended December 31, 2024,onFebruary10th,2025.

Consolidated revenue from operations increased 5.5% to Rs. 120.9 crore for the third quarter ended December 2024, compared to Rs.114.6croreinthecorrespondingquarterofthepreviousyear.The PAT increased 30.3 Rs. 42.2 crore from Rs. 32.4 crore in the corresponding quarter of the previous year.

Consolidatedrevenuefromoperationsincreased12.3%toRs.361.8crorefortheninemonthsendedDecember2024, compared to Rs. 322.2 crore in the corresponding previous year. The PAT for the nine months ended December 2024 increased 9.5% to Rs.115.2 crore from Rs.
105.2croreinthecorrespondingpreviousyear.

The previous year’s corresponding quarter and nine months’ financials include the impact of the amount provided towards the arbitration award.

Commenting on the results, Ramnath Krishnan, MD, and Group CEO, ICRA Limited, said: “ICRA continues to demonstrate resilience, withsustainedgrowthinRatings,whereastheAnalyticssegmentrecordedmodestgrowththisquarter, reflecting the evolving market dynamics. We continue to remain focused on expanding our analytical capabilities, strengthening research offerings, and enhancing client value through data-driven insights. We remain steadfast in delivering high-quality analytics and ratings while adapting to market shifts”.

In Q3FY2025, ICRA reinforced its position as a knowledge powerhouse by hosting market events across India, covering sectors such as structured Finance, Specialty Chemicals, Microfinance, Real Estate, and the Automotive segment. ICRA also organized a media roundtable in Mumbai, sharing insights on emerging credit trends in the Banking and NBFC sectors. Additionally, ICRA conducted 13 webinars, participated in 19 external events as an industry thought leader, and published 147 high-impact research reports spanning 60 sectors to empower stakeholders with reliable insights and industry expertise.

Amidtherelatively favorable trend in high-frequency indicators, India’s Domestic Product(GDP) growth is expected to improve to
~6.8% in Q3 FY2025from the seven-quarter low of 5.4% in Q2 FY2025. However, the outlook for economic activity for Q4 FY2025 appears mixed, with the threat of tariffs and exchange rate volatility souring sentiment. Overall, ICRA estimates the GDP growth to print at 6.5% in FY2025 and maintain that pace in FY2026.

Ratings & ancillary services revenue growth for the quarter was up by 9.6%; Nine months up by 14.1%
In Q3FY2025, bond issuances continued their surge as seen in the previous quarter to grow 35% year-on-yearhelpingthe9MFY2025growthto land at 16% year-on-year. Bond issuances by the NBFCs saw a sharp growth of 65% year-on-year as bank credit to this segment was curtailed. Banks and corporates too saw a spike in bond issuances supported by softening yields. Continuing challenges in deposit inflows, mainly in retail deposits, for banks led to a lower bank credit growth in Q3 as well as in 9M FY2025 from the highs seen in the previous two fiscal. These securitization segments saw strong growth as the NBFCsleanedon this segment due to ower availability of bank funding following the banks’ offloading a part of their books to correct their credit-deposit ratio.

Research & Analytics revenue growth for the quarter up by 1.0%; Nine months up by 10.4%
Research and analytics revenue was impacted by lower inter-national order flows but saw strong domestic growth, particularly in debt capital markets and banking. The business strengthened its market position by implementing a market abuse detection solution and expanding data offerings to meet rapidly evolving market and regulatory needs. It remains well-positioned in risk solutions and early warning systems, adapting to growing regulatory requirements, especially in the NBFC sector.