Archives 2025

11th February 2025; Mumbai: Arihant Capital reported its third-quarter results for the financial year 2025 with revenue at INR 517.8 million down 32.2% QoQ and 28.72% YoY. However, the revenue for 9 months ending 31 December 2024 jumped 17.24% YoY. The drop has been mainly due to tighter regulations in the derivatives segment, falling markets that resulted in a drop in overall volumes, and lower participation of retail investors.

On profitability, the company reported a profit after tax (PAT) of INR 122.5 million down 38.54% QoQ and 37.44% YoY. Despite this, the company achieved an 11.13% growth in its 9-month profit, totaling INR 2,009.77 million by December 2024. Interest income for Q3FY2025 increased by 21.97% YoY to INR 199.4 million, though it saw a sequential decrease of 16.1%.

The company said its total expenses fell 15.06% YoY and 22.27% QoQ to INR 407.15 million.

With 30+ years of legacy, Arihant Capital is continuously focusing on growing business verticals pan India in Tier 2 & Tier 3 cities. Amongst the segments, there are a lot of growth opportunities and the company is continuously working towards expansion their focus remains on diversifying revenue streams through portfolio management services, and alternative investment funds along with catering to institutional & retail clients.

During the quarter company expanded its offline presence with 11 new branch openings and also hired over 60 new employees to expand its digital and offline business.

For verticals, it is strengthening & expanding both its Institutional & retail broking business by building customer relationships & providing them services to participate in its annual conference, roadshows, etc. They are serving over 120+ institutional clients including top banks, insurance companies, pension funds, and AMCs, and ~2.5 lakh+ retail customers. Also, Arihant remains focused on expanding its client base for retail segments and expanding its B2B business.

On the digital journey, their Mobile app ‘ArihantPlus’ has been well received by the customers and is simple to use and is a user-friendly interface packed with pro tools for advanced traders and investors has led to over 5.5 lacs total downloads. It has a consistent 99% uptime.

For Merchant Banking, the company managed rights issues, and open offers during the quarter, including Vardman Polytex INR 490 million rights issue. For FY25, management remains positive for the growth of its Merchant Banking Division as they have signed mandates for upcoming IPO (including mainboard and 16 SMEs). Additionally, they have tied up with fa ew wealth & private banking players to provide merchant banking services to their small and medium-sized corporate clients.

Further, Arihant Capital is looking for expansion in alternative investment funds (AIF) and this strategic move will enable them to diversify their product offerings for HNI clients and help them to deliver comprehensive and tailored investment solutions.

In all, their top priority is to enhance and safeguard the financial well-being of corporate and institutional clients as well as individual customers. So, their focus will be on deepening relationships with existing customers and attracting new ones, recruiting and retaining the right talent, diversifying revenue streams, and continuously upgrading technology.

Chandigarh, February 11, 2025: After kicking off with a successful show in Gurugram, Blenders Pride Fashion Tour transformed Chandigarh into a pulsating canvas of street-inspired fashion, live music, and bold creativity. The evening was engulfed with street-style art, freestyle dance-offs, music performances, a vibing industrial look, and youthful, adventurous edgy street fashion brought to life by Kanika Goyal’s bold designs, and Jacqueline Fernandez’s stunning runway presence!

In collaboration with the Fashion Design Council of India (FDCI), the tour continues to set the stage with iconic showcases celebrating India’s evolving fashion narrative. The synergy between FDCI’s expertise and the tour’s cutting-edge vision reached new heights in Chandigarh, seamlessly blending street luxe with bold, avant-garde expressions, setting the benchmark for an unforgettable experience.

The evening was a celebration of fashion, music, and art, as it spotlighted designer Kanika Goyal’s distinctive aesthetic. Her collection was a visual treat, showcased through bold silhouettes, vibrant hues, and experimental fabrics that redefined the urban narrative. The runway came alive with an eclectic mix of design and storytelling with elements that captured the essence of the designer’s artistic universe. Showstopper Jacqueline Fernandez brought the designer’s vision to life, exuding a flawless blend of confidence and unapologetic charm. Adding to the experience, Hari & Sukhmani performed live on the runway, delivering a mesmerizing musical act that seamlessly synced with the energy and rhythm of the fashion showcase.

“Kartik Mohindra, Chief Marketing Officer and Head of Global Business Development at Pernod Ricard India said, “Kanika Goyal’s showcase embodies the adventurous pulse of a new-age dynamic culture – one that aligns seamlessly with our vision to create a world where individuality and innovation take center stage. As the tour moves ahead, the upcoming experiences will continue to showcase the evolving face of fashion, as ‘The One and Only’ platform converging innovation and iconicity like never before.”

Designer Kanika Goyal, sharing her thoughts on the show, said, “This collection is a celebration of fearless individuality and the intersection of street and luxury. Blenders Pride Fashion Tour provided the perfect platform to showcase this vision, and Chandigarh, with its vibrant energy, was an ideal setting to bring it to life. The audience’s enthusiastic response was overwhelming, and I’m grateful to have had the opportunity to share my vision with them.”

Showstopper Jacqueline Fernandez said, “Walking for Kanika Goyal at Blenders Pride Fashion Tour was an incredible experience. Her bold and adventurous designs perfectly captured the spirit of this celebration. The energy, creativity, and dynamic spirit of this event were unmatched. It’s amazing to be part of a celebration that brings together fashion, art, and music in such a unique way.”

Indian folktronic duo, Hari & Sukhmani said, “Music has the power to elevate every experience, and performing live on the runway at Blenders Pride Fashion Tour in Chandigarh was truly special. We loved being part of this immersive showcase that celebrated creativity in its most dynamic form.”

“The Chandigarh edition was a perfect example of the iconic world of Blenders Pride Fashion Tour, and the impact it creates by bringing together the best in fashion & style. As curator of the tour, it’s exciting to see how it continues to take shape as ‘The One and Only’ platform of en vogue experiences”, says curator Ashish Soni.

Sunil Sethi, Chairman, FDCI expressed, “FDCI couldn’t have been prouder to partner with Blenders Pride Fashion Tour, where we continue to redefine the fashion landscape. Chandigarh was a true testament to this evolving narrative. As two powerhouses in fashion, we’re committed to shaping the future of fashion experiences.”

The Fashion Tour is now headed to Guwahati on February 22nd, 2025, where designer Jay Jajal’s brand, Jaywalking’s innovative designs will be brought to life by Tiger Shroff’s captivating presence and thumping beats by KRSNA and KARMA.

India, 2025 Homegrown beauty brand House Of Makeup is offering the perfect way to show your loved ones how much you care. Clean, high-impact makeup that speaks louder than any V-day gift, with the hashtag #MakeUpWithMakeUp.

Forget the usual gifts like soft toys, teddies, chocolates, and flowers – they’re old school. This Valentine’s Day, show you care with clean, high-impact makeup that’s as thoughtful as it is beautiful. Makeup tailored to their skin tone demonstrates you’ve put extra thought into the gift (and don’t worry, we’ll guide you in making the right choices). With clean, non-toxic products, you’re not just giving a gift – you’re caring for their skin, making up for every forgotten V-day gift along the way.

Our 1-step glam products make getting ready quick and easy, providing an instant glow-up with minimal effort. Plus, on orders of Rs. 1299 & above, you’ll receive a FREE poofy pouch – the perfect complement to your thoughtful gift. With House Of Makeup’s #MakeUpWithMakeUp campaign, you’re not just giving a present – you’re offering an experience of beauty that makes your partner feel loved and cared for.

“Valentine’s Day is all about showing love and appreciation in thoughtful ways. At House Of Makeup, we’ve designed our collection to not just be a gift, but a meaningful gesture – one that brings joy and confidence, is good for the skin, and leaves a lasting impact. Our mission is to offer beauty with no compromise—clean, easy, and premium, says Harlin Sachdeva, founder of House Of Makeup.”

This Valentine’s Day, it’s time to make up for all the gifts you’ve given (and forgotten to give) with the ultimate beauty gift. Show you care with House Of Makeup’s clean, high-impact products.

by Anurag Kanoria

Interregnum One, A Pause Between Time and Space, an evocative group exhibition featuring works by Arzan Khambatta, Sahil Betigeri, Sayandeep Kangsabanik, Sushisurge, Tirthraj Sinh Zala, and Zirak Marker, will be on view from February 10 to March 2, 2025, at Nine Fish Art Gallery, Mumbai. Curated by Anurag Kanoria, Interregnum One is a journey through shifting artistic landscapes, where boundaries blur and new voices emerge. Through his curatorial vision, Anurag Kanoria brings together a diverse mix of artists, fostering dialogue between tradition and contemporary expression.

In an era where time and space collapse into a seamless present, this collection of works seeks to navigate the interstitial—those fleeting, undefined spaces between tradition and transformation, past and future, art and identity. Interregnum One is a reflection of new waves, movements, and voices—art untethered yet deeply rooted in exploration.

Each artist in this exhibition brings forth a unique interpretation of this liminality. Tirthraj Sinh Zala’s fluid and evolving lines remain anchored by the weight of historical imagery, while Sahil Betigeri’s pixelated video compositions shift rapidly in search of a digital identity. Zirak Marker’s evocative landscapes and seascapes unravel dreamscapes in perpetual motion. Sayandeep Kangsabanik carves a fresh definition of landscape itself, through fragmented strokes of lines and dots, Sushisurge’s visceral search for self in repeated textured forms applied directly by the finger. At the threshold stands Arzan Khambatta’s sculptural gateway—a solid yet paradoxically permeable portal that invites viewers to step through, embrace the interregnum, and see anew.

By bridging boundaries and allowing for the unbound, Interregnum One asks its audience to engage with the uncharted— to momentarily suspend certainty and immerse in the fluidity of artistic introspection.

Mumbai, February 11th, 2025: Chalet Hotels Limited (CHL) has received the approval of the board of directors for the acquisition of Mahananda Spa and Resorts Private Limited, owning company of The Westin Resort and Spa, Himalayas (TWRS) in Rishikesh, a stunning 141-room luxury resort, nestled in the Himalayas. This strategic acquisition strengthens the company’s position in the high-growth leisure, spiritual, and wellness tourism market, unlocking new opportunities for premium experiences and long-term value creation.

CHL is in the process of entering into a definitive agreement with Mankind Pharma Limited, for a 100% stake in Mahananda Spa and Resorts Private Limited, the owning company of the property at an enterprise value of Rs. 5.3 Billion. CHL will be concluding the formalities shortly.

The Westin Resort C Spa, Himalayas, known for its wellness-focused experiences, opened its doors in January of 2023. For its second year of operations, the property reported an ADR of over Rs. 26,000 as of YTD Dec 24 with an occupancy of 45%.

Strategically located in the foothills of the Himalayas, near the spiritual and yoga hub of Rishikesh, the resort features 141 elegantly designed rooms, over 10,000 sq.ft. of event space, world-class dining options, and premium wellness amenities, including the Heavenly® Spa by Westin and the WestinWorkout® Fitness Studio. The pillarless Grand Ballroom is one of the largest conference halls in the region. The outdoor lawns of the resort provide idyllic settings for weddings. The resort is 45 minutes from Jolly Grant Airport Dehradun and offers plenty of recreation opportunities.

Speaking on the acquisition, Dr. Sanjay Sethi, MD G CEO, Chalet Hotels Limited, said: “This proposed acquisition will be a key milestone in Chalet Hotels’ strategy to expand its footprint in India’s high-growth luxury and leisure segment. The Westin Resort & Spa, Himalayas, is a premier wellness destination that perfectly aligns with our vision of offering world-class hospitality experiences. With its breathtaking location and exceptional amenities, this property will strengthen our leisure portfolio and allow us to cater to the evolving preferences of modern travelers. We look forward to elevating the guest experience and further driving sustainable growth with this new addition.”

Chandigarh, 11 February 2025: ACC, the cement and building material company of the diversified Adani Portfolio, along with Adani Foundation, is transforming the lives of defense and law enforcement aspirants in rural Odisha through its Pre-Police Training Programme at its facility in Bargarh. This initiative has enabled aspiring candidates like Chandan Pradhan from Malisrigudi, Sonepur district, to achieve their dreams of serving the nation.

Supported by ACC and the Adani Foundation, Chandan’s journey from rigorous training to securing a position in the Indo-Tibetan Border Police (ITBP) showcases the program’s profound impact on youth empowerment. The Pre-Police Training Programme covers nearly 1,000 aspirants across its 13 locations.

The program begins with a screening check to ensure the candidates fulfill the physical parameters for their service of choice, followed by selection and covering the full theoretical syllabus for the selection examination. The program, facilitated by ACC Limited, provided Chandan also facilitates structured physical conditioning, mock interviews, and mentoring sessions, equipping him to excel in competitive defense recruitment processes.

For Chandan, the opportunity proved transformative, instilling discipline, resilience, and the confidence to succeed. His hard work culminated in clearing the ITBP recruitment exam, with his induction on December 14, 2024.

Chandan’s inspiring story reflects the tangible impact of ACC and Adani Foundation’s commitment to nurturing rural talent and fostering community progress. By creating opportunities for personal and professional growth, they continue to empower youth and contribute to nation-building.

11 February 2025:

VST Tillers Tractors Limited (VST), India’s leading farm equipment manufacturer, today announced their financial results for the quarter and nine months ended Dec 31, 2024.

For the third Quarter, VST achieved a turnover of Rs 219.10 Cr, up of 29% from Rs 169.96 Cr in the Third quarter of last year. The operational EBITDA is 19.55 Cr, up of 104% from 9.54 Cr in the Third quarter of last year. The profit before taxes is Rs 3.84 Cr, down by 81% against Rs 20.33 Cr in the same period of the previous year in the Third quarter. The drop in profit before tax in Q3 is due to mark-to-market losses on investments of Rs 11.04 crores as against Rs 15.42 Cr profit in Q3 of last year.

On a year-to-date basis, the turnover is Rs 693.12 Cr, compared to Rs 694.61Cr for same period of last year. The PBT (profit before taxes) is Rs 89.32 Cr as compared to Rs 112.58 Cr of last year. PAT (Net profit) stood at Rs 69.49 Cr as against Rs 86.39 Cr last year.

Chandigarh, February 11, 2025: Star Sports Network and Disney+ Hotstar, India’s official broadcasters of International Cricket Council’s (ICC) tournaments have launched the latest installment in its campaign for the ICC Men’s Champions Trophy 2025, this time headlined by the most-anticipated match of the year when India takes on Pakistan. Building on the unrelenting format of the tournament where each match impacts qualification outcomes, coupled with the euphoria surrounding the India-Pakistan games, Star Sports’ latest promo film captures the essence of cricket’s #GreatestRivalry with MS Dhoni featuring in a cheeky avatar. The film spotlights historical moments and unforgettable encounters that this rivalry has produced over the years to whet fans’ appetite for the drama that will unfold on the stage of champions when both nations lock horns on February 23.

The film opens to the setting of Dhoni guiding a room full of ‘fans-in-training’ at a yoga studio. He calmly instructs his ‘students’ who initially are in a meditative state, but the serenity is short-lived as the scene rapidly transforms into a high-energy fan rally. The fans decked out in traditional fan gear, wielding placards, dhols, and team cutouts, chanting slogans for the high-octane clash. Playfully recalling crucial match-ups and unforgettable moments from India-Pakistan encounters, Dhoni leads the charge with lines like “Maachis ki tilli, Shami udao Babar ki gilli!”, “Aasmaan mein chaayega, Kohli Rauf ke chakke chhudayega”, “Ek, do, teen, chaar, Hitman Shaheen ko chauka maar!”, “Aasmaan mein kitne tare? Tutenge TV unke saare”, and “Apna number agla hai, 2017 ka lena badla hai” encapsulate the excitement and spirit of Indian fans. The promo culminates in Dhoni breaking the fourth wall with a cheeky quip: “Ab aayi na feel, India-Pakistan waali?”

Speaking on the promo film, MS Dhoni said, “India vs. Pakistan is cricket’s greatest rivalry, and the energy around it is something else. Shooting this promo was a lot of fun because it’s exactly how our fans prepare for the big clash—with full passion, crazy chants, and unmatched excitement. Even I had to let go of my calm side and join in because when the stakes are this high, staying cool isn’t easy. The India vs. Pakistan fixture is going to be special, and I can’t wait to see fans bring their energy to this iconic match.”

Sharing the thought behind the promo, Vikram Passi, Head of Marketing, at JioStar Sports said, “Few rivalries in sport match the sheer excitement of India vs. Pakistan—a game fuelled by passion, pride, and unshakable devotion. But in the ICC Men’s Champions Trophy 2025, one misstep could mean the end of the road to the semi-finals. Our campaign highlights what’s at stake, while this promo celebrates the raw energy of cricket’s most intense showdown, brought to life with MS Dhoni’s charismatic charm.”

As fans across the globe gear up for the ICC Men’s Champions Trophy 2025, all eyes are firmly set on the centerpiece of the tournament when India takes on Pakistan on February 23. Team India commences their ICC Men’s Champions Trophy 2025 campaign under Rohit Sharma against Bangladesh on February 20. India will also face New Zealand on March 2 in their final group-stage encounter. All India matches will be broadcast on Star Sports Network and streamed on Disney+ Hotstar at 2:30 PM IST. With the stakes higher than ever in ICC’s most challenging cricket tournament, the #GreatestRivalry is set to create another unforgettable chapter in cricket history.

Chandigarh, February 11, 2025: Amazon today announced investments in three new wind projects in India, emphasizing the company’s broader commitment to matching the electricity consumed by our operations with renewable energy, and advancing progress toward its Climate Pledge goals.

Across India, Amazon has now enabled a total of 53 solar and wind projects to date, which together will provide more than 4 million megawatt hours (MWh) of new carbon-free energy in the country, providing sufficient energy capacity to power the equivalent of more than 1.3 million Indian homes. The projects include 9 utility-scale solar and wind farms across the country, as well as onsite solar arrays on 44 local buildings that host Amazon operations.

Shri Ashwini Vaishnaw, Hon’ble Union Minister of Railways, Electronics & Information Technology, and Information and Broadcasting, stated, “Under the leadership of Hon’ble PM Shri Narendra Modi ji, India is rapidly emerging as a global leader in the clean energy transition. Investments from companies like Amazon are accelerating this progress. Clean energy is not only about sustainability; it is central to our goal of producing 50% of our electricity from non-fossil fuel sources by 2030. As we expand our digital and transportation infrastructure, renewable energy will play a crucial role in powering the next wave of connectivity and innovation.”

Shri Shripad Yesso Naik, Hon’ble Minister of State of Power and New and Renewable Energy, said, “I welcome Amazon’s continued commitment to India’s renewable energy transition. Investments in wind and solar projects are crucial for achieving our renewable energy targets and ensuring energy security. These projects will not only contribute to a cleaner environment but also generate employment and foster economic growth in local communities. The Government of India remains committed in its efforts to support such initiatives, and I encourage other global corporations to invest in our green energy future.”

“Amazon is committed to driving the carbon-free energy transition forward in both India and around the world, which will help us all address climate change at scale,” said Avinash Shekhar, Head, of APJC Energy and Water Strategy, AWS. “As the top corporate purchaser of solar and wind since 2020, we’ve invested in more than 600 solar and wind projects globally, including more than 50 in India, which is part of our Climate Pledge commitment to attempt to reach net zero carbon emissions across our operations by 2040.”

The latest projects that Amazon has signed include three new wind energy projects, which are CleanMax Koppal, BluPine Solapur, and JSW Energy Dharapuram. CleanMax Koppal is a 100 Mega Watt (MW) wind farm located in Karnataka. BluPine is also a 99 MW wind project located in Maharashtra. The JSW Energy Dharapuram is a 180 MW wind project located in Tamil Nadu, South India.

These projects will contribute to India’s renewable energy goals and help create numerous construction jobs in their respective regions, according to the developers.

Supporting local communities
Amazon is proud to have met its 100% renewable energy goal seven years early in 2023 and has invested in more than 600 projects globally, which are capable of producing enough renewable energy to power the equivalent of 8.3 million US homes. The renewable energy projects we support not only help match the electricity consumed by our operations, but also provide new sources of carbon-free energy to the local communities where our customers, vendors, and employees live and work. They also help create jobs, support local businesses, and boost the local tax base, which is all part of Amazon’s commitment to becoming a more sustainable company.

Chandigarh, February 11, 2025: PNC Infratech Limited (“PNC Infra”) has announced that the Company and its SPVs are now eligible to bid for new projects from 17th February 2025, allowing it to actively pursue fresh projects in the infrastructure sector and reinforcing its commitment to national development.

This is after the Ministry of Road Transport & Highways (MoRTH) reduced its previously imposed restrictions on the Company and its two Special Purpose Vehicles (SPVs) from one year to four months now, which is culminating on February 17th 2025. The revised order, issued by the MoRTH on February 6, 2025, modifies the original restriction starting October 18, 2024 to a period of 4 months, subject to the completion of certain procedures by the Company with the National Highways Authority of India (NHAI).

This will also help the company in expanding its order book and increase its topline. PNC Infratech has a robust order book of over Rs. 19,900 crores (as of September 30, 2024), with several key EPC projects under construction. This includes the Prayagraj – Kaushambi project with the MoRTH, Jalna-Nanded and Pune ring road projects with the Maharashtra State Road Development Corporation and the Akkalkot Pkg-II (Badadal-Maradgi S), Sonali – Gorukhpur and Kanpur-Lucknow Expressway Pkg-2 with the NHAI. Road highway, road expressway, railway and canal EPC projects constitute 84% of total order-book.

PNC has now obtained a change in control approval from NHAI for 8 of the assets, which it will be transferring to KKR-backed Highways Infrastructure Trust. With this, the PNC-KKR deal is on track for closure by 31st March 2025 as PNC Infratech is in the process of fulfilling the conditions precedents (CPs) for the transaction. One of the major CPs under the deal included change in control approvals from the highway authorities and no objection certificates from the lenders to the projects.