Archives February 2026

Disciple Day Celebrated at Osho Dham, with Devotion, Reflection and Art

Disciple Day Celebrated at Osho Dham, with Devotion, Reflection and Art
New Delhi, Feb 13:  Osho Dham observed Disciple Day with devotion and reflection, of the birth anniversary of Ma Yog Laxmi, the first disciple and first secretary of Osho. The day is dedicated not to personality or position, but to the essence of discipleship. Seekers and meditators gathered to honor her life as a living example of surrender, trust and total alignment with the Master. The morning featured a book reading and sharing session on The Only Life by Rashid Maxwell, offering insights into Ma Laxmi’s journey of ego-transcendence and unwavering commitment to Osho’s vision.

Throughout the sessions, participants reflected on what it truly means to be a disciple. Ma Yog Laxmi’s life was remembered as one of devotion without doubt, work without ego and awareness in action. Osho had described her as a “perfect vehicle,” acknowledging her ability to function as a transparent medium for his work. Her simplicity, tireless energy and absolute faith remain an inspiration for seekers navigating the path of inner transformation.

Speaking on the occasion, Ma Dharm Jyoti, a long-time disciple of Osho, said, “Disciple Day is not only about remembering Ma Laxmi; it is about rediscovering the disciple within ourselves. She showed us that discipleship is not blind obedience, but deep harmony, a courageous inner ‘Yes’ to the Master and to existence. Her life reminds us that surrender, when rooted in awareness, becomes a doorway to immense strength and grace.”

The celebration concluded with the inauguration of the art exhibition “Divine Intervention” by young Osho sannyasin Ma Prem Arpita (Hiral Singhal). Her meditative and intuitive paintings, reflecting innocence and inner trust, were unveiled by Ma Dharm Jyoti. The exhibition added a creative dimension to the day’s events, reinforcing the spirit of offering and presence. Through meditation, remembrance and art, Disciple Day at Osho Dham reaffirmed the timeless bond between Master and disciple, a celebration of the transformative power of a total inner “Yes.”

SportsSkill Ladder Secures Lead Investment from current SportsSkill investor Nirav Mody; Launches Beta Platform for Community-Driven Competitive Sports

Pune/Mumbai, Feb 13: SportsSkill has announced a lead investment from Mr Nirav Mody for its newly launched venture, SportsSkill Ladder—a technology-enabled community platform designed to bring structured, competitive sports to players across skill levels through an innovative ladder-based ranking system.

The investment marks Mr Mody’s expanded commitment to the SportsSkill ecosystem. As one of the early investors in SportsSkill, Mr. Mody has significantly increased his stake to serve as Lead Investor in SportsSkill Ladder, a newly registered LLP focused on building scalable sports communities across multiple disciplines. His continued backing demonstrates strong confidence in the founding team’s vision and execution capabilities.

Addressing a Growing Market Opportunity

India’s sports ecosystem is witnessing unprecedented growth, with approximately 23% of the population—over 300 million people—actively participating in sports and fitness activities. The sports technology market is projected to reach ₹49,500 crore (USD 5.70 billion) by FY29, growing at a CAGR of 13%, while the broader sports and fitness goods market is expected to reach USD 3,851 million by 2033.

Despite this massive participation, community-level competitive sports remain largely unorganized. Government initiatives such as the National Sports Policy 2025 and the Khelo India programs have significantly boosted grassroots infrastructure and participation, allocating ₹3,794 crore for FY 2025-26 toward sports development. However, recreational athletes continue to struggle to find consistent competition, access transparent skill-based rankings, and track measurable progression—challenges that technology can uniquely address.

Racquet sports and team sports are experiencing significant growth across India, with tennis, badminton, table tennis, cricket, football, and emerging sports like pickleball gaining rapid traction in metro cities and tier-2 urban centres. The racquet sports equipment market in Asia-Pacific is forecast to grow at 8.52% CAGR, reflecting surging participation rates across multiple sports disciplines.

Technology-First Approach to Community-Driven Sports

SportsSkill Ladder leverages technology to solve longstanding challenges in recreational and competitive sports—such as inconsistent competition, opaque rankings, and difficulty building engaged sports communities. The platform’s innovative ladder-based ranking system empowers players to:

• Create custom ladders for their society, recreational club, or friend groups
• Invite friends or teams to join and compete within structured formats
• Build and engage with verified competitive communities
• Track transparent, skill-based rankings across multiple sports
• Access organized match play and competition—all at their fingertips

The beta version of the SportsSkill Ladder platform is currently live on Android and iOS, enabling users to experience the product firsthand and explore how customizable ladders can transform their sports communities.

Investment to Drive Product Enhancement and Launch

The lead investment will be deployed to enhance the platform’s features, refine the user experience, and prepare for the full product launch. Currently in beta, SportsSkill Ladder is focused on building a robust, scalable product that serves diverse sports communities across team, racquet, and individual competitive formats. The investment enables the team to strengthen the technology foundation before wider market rollout.

Leadership Perspectives

Commenting on the investment and launch, Chetan Desai, Co-founder, SportsSkill, said: “Community sports in India have immense participation but lack structured competitive frameworks. SportsSkill Ladder addresses this gap by enabling players to create their own ladders, build communities, and compete with transparent rankings—all accessible at their fingertips. Securing this investment from Nirav, who has both the business expertise and genuine passion for sports, gives us the resources and strategic guidance to build a world-class product. His continued confidence in our vision—having been one of our early investors and now serving as our Lead Investor—validates the community-building approach we’re taking and strengthens our ability to deliver a platform that truly serves players’ needs.”

Abhinav Sinha, Co-founder, SportsSkill, added: “We’ve built SportsSkill Ladder with a technology-first approach to solve real problems players face—finding consistent competition, building engaged communities, and accessing transparent skill-based rankings. Nirav was very interested in this app feature and extremely excited about its potential to transform community sports. Our beta platform is already live and enabling users to create custom ladders for their societies, clubs, or friend groups—everything accessible in just a few taps. This investment accelerates our product development roadmap, enabling us to refine the platform and prepare for a strong market launch while maintaining the quality and user experience that competitive sports demand.”

Speaking on his investment decision, Mr Nirav Mody, Lead Investor, SportsSkill Ladder, commented: “Structured competitive ecosystems are essential for sustained sports participation. SportsSkill Ladder introduces a scalable and technology-led framework that enables players to build their own communities, compete consistently, and track transparent rankings. The platform addresses a genuine gap in how community sports are organized in India. As an early investor in SportsSkill, I’ve witnessed the team’s commitment and execution capabilities firsthand. The beta product’s innovative approach to custom ladders and community building gives me strong conviction in their ability to create a category-defining platform, which is why I’ve increased my investment to serve as Lead Investor for this venture.”

The Gypsy Travel Festival 2026 Highlights Culture-Led Travel Discovery in Mumbai

The Gypsy Travel Festival 2026 Highlights Culture-Led Travel Discovery in Mumbai

Mumbai, Feb 13: The fourth edition of The Gypsy Travel Festival (TGTF), held on 7–8 February at Jio World Drive, convened travellers, tourism boards, creators, chefs and brands for a two-day experiential showcase designed to explore destinations through culture, cuisine and conversation. Hosted across four curated zones, The Horizon, Discovery Box, Explorer’s Lab and F&B Lounge, the festival featured 55+ partners and drew a highly engaged audience of curious travellers.

The programme blended performances, workshops and panel discussions that translated travel into lived experience. Cultural showcases ranged from classical Thai dance by the Tourism Authority of Thailand and Way of the Sword – Kendo demonstration to Kenya’s Maasai Adumu jump dance and hands-on Ushanga beadwork, where participants not only learned the symbolism behind traditional adornments but also took home their handcrafted creations as meaningful souvenirs. Each booth featured engaging, interactive activities designed to delight and reward visitors, with brands such as Sapporo, SOTC, and Thailand hosting inventive games that kept patrons actively involved. Workshops such as Sacred Strokes: Tibetan Calligraphy invited audiences into meditative artistic practice, while culinary sessions including Flavours of Thailand, Brewed Around the World, curated tastings and Wine 101 encouraged palate-led discovery.

Panel discussions and conversations including Food as the Gateway to Travel, Food Fireside Fables, Veggie Voyages, Where’s the Veggie?, Bucket List on Budget, Travel with a Cause, How Content Creators Design High-Value Trips and Backyard Tourism were met with strong audience engagement, with attendees actively participating, asking questions and leaving with practical insights, fresh perspectives and a clearer understanding of how to approach travel more thoughtfully.

“This edition underscores a clear shift in how travel is being perceived and pursued. Today’s traveller is informed, intentional and seeking depth, looking beyond itineraries to understand the cultural, historical and human context of a place. At The Gypsy Travel Festival, we endeavour to create a credible and curated platform where meaningful travel conversations take shape through dialogue, gastronomy, craft and lived cultural exchange. As India’s travel landscape continues to evolve, we remain committed to fostering a more nuanced and responsible travel narrative, one that begins long before the journey itself,” said Lubaina Sheerazi, Co-founder, The Gypsy Travel Network.

“The Gypsy Travel Festival was thoughtfully conducted, and we at RARE India were delighted to participate. Visitors to our stall showed genuine curiosity about our work and sustainability initiatives within the travel space. The intimate format, with a carefully curated number of exhibitors, created meaningful engagement. We would certainly consider returning for the next edition,” said Shobhana Jain, Director – Hotel Audits & Sustainability, RARE India.

“Club Med was delighted to return for our second year at The Gypsy Travel Festival. It was inspiring to see so many passionate travellers engage with the festival’s vibrant atmosphere. The platform enabled meaningful conversations about what makes the all-inclusive Club Med experience distinctive. We look forward to welcoming many of these travellers to our resorts soon,” said Rohan Kulkarni, Sales Head – India, Club Med.

“Being part of The Gypsy Travel Festival 2026 was an enriching experience for Kenya Tourism. We arrived excited and are leaving inspired, having engaged with a highly discerning and curious audience. TGTF offered a strong platform to showcase Kenya’s culture, wildlife, beaches and diverse travel offerings. We were pleased with the overall engagement and look forward to returning in 2027,” said Fiona Ngesa, Deputy Director – Asia, Middle East & Oceania, Kenya Tourism Board.

Positioned as a participation-driven platform rather than a conventional exhibition, TGTF continues to evolve as a space where destinations are discovered through interaction, storytelling and sensory engagement – reinforcing travel as something experienced, understood and remembered long after the journey ends.

Hexaware and CareInsight Announce Strategic Partnership to Accelerate AI-driven Healthcare Transformation

Bengaluru, Feb 13: Hexaware Technologies [NSE: HEXT], a global provider of IT services and solutions, today announced a strategic partnership with CareInsight, an AI-native healthcare technology company. The collaboration brings together AI-native healthcare platforms and deep AI and digital transformation expertise to deliver outcome-based, production-grade AI at scale for healthcare organizations, focused on measurable improvements in operations, decision-making, and care delivery.

As the healthcare industry continues its shift from siloed cost-containment approaches to data and AI -enabled value creation, payers and providers face persistent challenges. These include fragmented data environments, legacy system constraints, regulatory complexity, and changing utilization patterns. These pressures are increasing the need for integrated, scalable AI solutions that can be embedded into day-to-day healthcare operations.

The partnership is designed to help healthcare organizations apply AI in practical, real-world settings by supporting integrated data flows, operational decision-making, and outcomes-focused use cases across the care continuum. Together, CareInsight’s AI platforms and Hexaware’s AI implementation and transformation expertise aim to reduce administrative burden, improve operational coordination, and enable more timely and informed decisions.

Partnership Highlights

Integrated AI-driven Platforms: CareInsight’s AI-native platforms, including careassistant.ai™, carewallet.ai™, voice assist, and health3d.ai™, will be embedded within Hexaware’s AI-powered healthcare offerings to deliver intelligent care management, patient engagement, administrative automation, and real-time analytics.

Production-grade AI at Scale: The partnership enables healthcare organizations to transition from isolated AI use cases to enterprise-scale deployment across core administrative and clinical workflows.
Regulatory-ready Architecture: Healthcare organizations benefit from a robust technology foundation that enables them to operationalize AI across core healthcare functions, while supporting secure data integration and compliance with evolving healthcare regulations.Outcome-based Transformation: Healthcare organizations can achieve measurable improvements in operational efficiency, care quality, and financial performance by aligning AI platforms with digital, automation, and cloud capabilities.

Shantanu Baruah, President & Global Head – Healthcare, Life Sciences & Insurance, Hexaware, said, “Our partnership with CareInsight reflects Hexaware’s commitment to move beyond technology modernization toward outcome-driven transformation. Together, we will help payers and providers operationalize AI at scale, accelerate value-based equitable care, and deliver measurable, real-world impact for our customers.”

“For CareInsight, this partnership is a key step in bringing our AI-native platform and intelligent agents into complex, real-world healthcare environments, said Raj Kadam, CEO of CareInsight. ’By combining our AI-native platform and intelligent agents with Hexaware’s proven track record in enterprise implementation and deep healthcare domain expertise, we can help organizations move from AI pilots to production-scale deployment faster than ever before.”

Together, Hexaware and CareInsight will enable healthcare organizations to turn AI into a day-to-day advantage, with smarter decisions, smoother operations, and better care experiences at scale.

Paradise Unveils ‘Jashn-e-Haleem 2026’, Bringing Back Hyderabad’s Most Anticipated Seasonal Favourite

Paradise Unveils ‘Jashn-e-Haleem 2026’, Bringing Back Hyderabad’s Most Anticipated Seasonal Favourite

Mumbai, Feb 13: The wait for Hyderabad’s most iconic seasonal delicacy is over. Paradise has announced the return of its much-loved ‘Jashn-e-Haleem’ Festival, launching ahead of Ramzan this year in response to overwhelming customer demand. The festival is now live across all Paradise outlets for dine-in, takeaway, and online ordering on Swiggy and Zomato.

For decades, Paradise Haleem has been more than a dish — it has been a ritual that signals the start of the festive season in the city. Crafted using 29 carefully selected ingredients, premium ghee, and slow-cooked mutton, the Haleem continues to be prepared using time-honoured methods that deliver the unmistakable depth, richness, and consistency that customers associate with the brand.

Behind every serving lies a rigorous, end-to-end quality process. From sourcing and preparation to final service, each batch undergoes stringent checks to ensure that every bowl meets Paradise’s benchmark for taste, hygiene, and authenticity.

Along with Mutton Haleem, Paradise also serves Chicken Haleem, offering guests another way to enjoy the same iconic Paradise flavour.

Mr. Abhik Mitra, MD & CEO, Paradise Food Court Pvt. Ltd., said “At Paradise, Jashn-e-Haleem is not just a seasonal launch — it is an emotion that brings people together year after year. Every bowl represents our commitment to authenticity, consistency, and the culinary legacy we have built over decades. The response from our customers continues to be phenomenal, and we are excited to bring the festival earlier this year so they can celebrate longer with the flavours they love.”

Mr. Robinder Singh, COO, Paradise, added “People of Hyderabad look forward to Paradise Haleem Festival as they bond over food and spend quality time together. Hence, we brought in the fest ahead of Ramzan on popular demand. It gives them ample occasions for get-togethers with their most favourite food that come with quality, taste, and Paradise legacy on the table.”

Mr. Swatantra Gautam, Vice President – Culinary, Paradise, said “Our Haleem is the result of meticulous preparation, premium ingredients, and culinary precision. Maintaining the same signature taste across batches and outlets is a responsibility we take very seriously, and that consistency is what keeps customers coming back every year.”

The food chain has acquired its place in the Limca Book of Records for ‘Most Biryanis Served In A Year’. In 2017, Paradise catered over 70 lakh servings of biryani, and in 2018, the numbers crossed over 90 lakh. Paradise won Biryani Restaurant of the yest in 2025 & 2026, at Restaurant Awards, People Choice Brand of the year 2025 at Hybiz-Telangana, Restaurant of the year 2025 at hospitality excellence awards, Restaurant serving the best Hyderabadi Biryani-South India and Best Restaurant chain of the year at Food Connoisseurs Convention 2026.

Megha Ray Rediscovers Her Love for Direction on the Sets of Divya Prem: Pyaar Aur Rahasya Ki Kahani: I have already directed a short film

Megha Ray Rediscovers Her Love for Direction on the Sets of Divya Prem: Pyaar Aur Rahasya Ki Kahani: I have already directed a short film 

Sometimes, a simple moment can reconnect you with a passion you already carry within yourself. For Megha Ray, who plays Divya in Sun Neo’s Divya PremPyaar Aur Rahasya Ki Kahani, a fun AI trend unexpectedly reminded her of a creative side she has always loved but had lost somewhere in her daily routine.
Sharing her experience, Megha Ray says, “When I tried the trending AI prompt to create a caricature of me and my job and saw the word ‘director’ written on the image, I felt both shocked and happy. Very few people know that I have already directed a short film and that I am deeply passionate about direction. I truly love this creative side of storytelling. Seeing that caricature brought back those memories and reminded me how much I enjoy working behind the camera. The DOP saw my excitement for handling the camera and offered me to give it a go. Getting the chance to work on the camera was an incredible and refreshing experience. It gave me a new sense of creative freedom and responsibility, and it made me realize that I want to explore direction even more in the future.”
She further added, “Sometimes, we don’t recognize our deeper interests until something unexpected brings them to us. This experience taught me that AI can do more than just answer questions it can spark ideas that inspire real-life experiments and help us rediscover passions we already carry within us.”
Watch Divya PremPyaar aur Rahasya ki Kahani every Monday to Sunday at 7:30 PM, only on Sun Neo.

Balu Forge Industries Ltd has announced its Q3FY26 Financial Results

Mumbai, Feb 13: Balu Forge Industries Ltd. (the “Company” or “BFIL”) a leading precision engineering and manufacturing company, has announced its unaudited financial results for the quarter and nine months ended 31st December 2025.
Consolidated Financial Performance:
Rs. Mn Q3 FY26 Q3 FY25 Y-o-Y

(%)

Q2 FY26 Q-o-Q

(%)

9M FY26 9M FY25 Y-o-Y
Revenue from Operations 3,111 2,558 29.0% 2,995 3.9% 8,438 6,540 29.0%
EBITDA 845 677 24.8% 828 2.1% 2,396 1,761 36.0%
EBITDA Margin% 27.2% 26.5%   27.6%   28.4% 26.9%  
PAT 711 590 20.5% 650 9.4% 1,932 1,412 36.8%
PAT Margin% 22.5% 22.2%   21.5%   22.6% 21.2%  
EPS (Rs.) 6.4 5.5 16.4% 6.08 5.3% 17.0 13.5 34.7%
Commenting on the performance, Mr. Jaspal Singh Chandock, Chairman & Managing Director of BFIL stated:
“In 9M FY26, the Company reported revenue from operations of Rs. 8,438 million, representing a year-on-year growth of 29.0%, driven by sustained demand momentum. EBITDA for the quarter was Rs. 2,396 million, with a year-on-year growth of 36.1%, with a margin of 28.4%, reflecting stable cost structures and operating leverage benefits, while profit after tax was Rs. 1,932 million, translating into a PAT margin of 22.6%. The performance underscores disciplined execution, margin resilience, and the ongoing strengthening of Balu Forge’s integrated manufacturing platform.
During the quarter, we successfully operationalised a set of high-impact strategic assets that position the Company for sustained growth over the next decade. Our newly commissioned precision machining facility has now been fully commercialised, equipped with advanced 7-Axis and 11-Axis CNC machining lines. This capability enables us to manufacture highly complex components from specialised alloys with micron-level accuracy, decisively moving Balu Forge up the value chain and strengthening our role in mission-critical applications.
In parallel, we have commercialised our dedicated artillery shell production line, with a specific focus on the high-demand 155mm large calibre. This represents a significant milestone in our defence manufacturing journey and reinforces our commitment to the Atmanirbhar Bharat vision by building indigenous capabilities in a strategically critical segment.
These operational achievements have already translated into meaningful external validation. During the quarter, Balu Forge was formally inducted into the NATO Supply Chain, an endorsement that reflects our adherence to the highest global quality, compliance, and reliability standards, and one that opens access to some of the world’s most demanding defence markets.
This external recognition, along with the Company’s requisite manufacturing infrastructure and operational capability, reinforces our position to support long-term supply programs and maintain the capacity to service engagements for up to five years. With advanced precision machining facilities and production lines, Balu Forge is well equipped to meet both current and future demands efficiently.
In summary, Q3 was the quarter in which our strategic investments were converted into operational assets, global credentials, and expansion initiatives. With these foundations firmly in place, Balu Forge is now positioned on a trajectory of scalable and sustainable growth in defence and other critical segments”

Esports World Cup Foundation Announces First Eight of 16 Games for the Inaugural Esports Nations Cup 2026

Riyadh, Saudi Arabia Feb 13: The Esports World Cup Foundation (EWCF) has confirmed eight of the 16 competitive game titles for the inaugural Esports Nations Cup 2026 (ENC), the global nation-based esports competition, set to debut in Riyadh, Saudi Arabia, from November 2-29, 2026.

The ENC introduces national team representation to the global esports calendar in a structured, recurring format, enabling players to compete under their national flag and offering fans an opportunity to connect with elite esports through national identity.

The confirmed titles are: Chess, Counter-Strike 2, Dota 2, EA SPORTS FC, Fatal Fury, Honor of Kings, Mobile Legends: Bang Bang, and Trackmania. These titles reflect a diverse competitive esports ecosystem, spanning historic strategy, tactical shooters, fighting games, mobile titles, world-class sports simulations, and precision racing format.

Across just these titles alone, thousands of players across the world enter qualification pathways for the ENC 2026 main event over the coming months, competing for the opportunity to represent their nation on the global esports stage. These eight titles represent the Esports World Cup Foundation’s commitment to building a sustainable, inclusive ecosystem that fuels national fandom, inspires a new generation of heroes, and accelerates the long-term future of the industry:

  • Featuring 128 players, the Chess tournament at ENC 2026 (November 2-8) stands as one of the largest international Chess tournaments ever, and will give an unprecedented number of nations the chance to reach new levels as the game continues to evolve as an esport.
  • Showcasing elite skill and competition, Counter-Strike 2 at ENC 2026 (November 10-15) will be bolstered by a historic open qualification program featuring more than 15,000 players across 3,000 teams; the largest ever in the game’s two-decade long history.
  •  A cornerstone of global esports, Dota 2 at ENC 2026 (November 2-8) will bring elite team competition shaped by international LAN play, with 32 national teams qualifying through rankings, regional qualifiers, and wildcard entries to compete in the main event.
  • One of the world’s marquee sports sims, EA SPORTS FC at ENC 2026 (November 17-22) will feature 128 players competing for their nations in Riyadh. Qualification combines open in-game pathways, regional qualifiers, and direct invites via the EA SPORTS FC Pro World Rankings, ensuring global representation.
  • An elite fighting game from an iconic franchise, FATAL FURY: City of the Wolves at ENC 2026 (November 12-15) will feature 32 players, each representing their nation, competing in a new format designed to support emerging talent and expand national representation within the competitive fighting game community.
  • A global pillar of both the mobile and MOBA ecosystems, Honor of Kings at ENC 2026 (November 24-29) will feature 24 elite national teams selected through a combination of the ENC National Team Ranking and rigorous regional qualifiers, culminating in a single-elimination playoff bracket to crown the world champion.
  • One of the world’s most widely played esports titles, Mobile Legends: Bang Bang at ENC 2026 (November 23-29) will feature 32 national teams competing for a Gold medal in Riyadh through a round-robin group stage and a single-elimination playoff during the closing week of the event.
  • Concluding the first wave of announced game titles, Trackmania at ENC 2026 (November 19-22) will introduce high-speed precision and global accessibility to the event, with 32 national representatives competing in in the sport’s signature 1v1v1v1 Cup Mode.

Eight additional game titles will be confirmed in the coming weeks, completing the 16-game competition programme for the inaugural edition.

Additional information about the Esports Nations Cup will be released in the coming weeks. To stay up to date, visit esportsnationscup.com and follow ENC on X, Facebook, Instagram and YouTube, and follow the Esports World Cup Foundation on LinkedIn.

Goa is building a strong startup ecosystem with access to capital, mentorship and real market opportunities, says Minister Rohan Khaunte

Goa is building a strong startup ecosystem with access to capital, mentorship and real market opportunities, says Minister Rohan Khaunte 
Panaji, Feb 13: As part of its continued efforts to build a robust and supportive startup ecosystem in the state, the Department of Information Technology, Electronics & Communications (DITE&C), Government of Goa, through the Startup & IT Promotion Cell (SITPC), officially launched the Goa Startup Accelerator (GSA) Programme. The initiative aims to support startups in their entrepreneurial journey by providing structured mentorship, market access, investment opportunities and growth support.

The launch brought together startups, ecosystem enablers, industry leaders and government officials for a collaborative and forward-looking engagement.

The event was graced by Shri. Rohan Khaunte, Hon’ble Minister for Information Technology, Electronics & Communications, Tourism and Printing & Stationery, along with Shri. Kabir Shirgaonkar, Director, DITE&C; Dr. Milind Sakhardande, Joint Director, DITE&C; and Shri. D.S. Prashant, CEO, Startup & IT Promotion Cell, DITE&C.

Addressing the gathering, Hon’ble Minister Shri. Rohan Khaunte said, “Today, Goa is not just known for its quality of life, but for its forward-looking policies and a growing startup ecosystem of 734 DPIIT-registered startups, nearly half of which are women-led. Through the Goa Startup Policy 2025 and its 12 comprehensive schemes, along with initiatives like the Goa Accelerator Program and the Goa Open Innovation Challenge, we are creating an environment where startups have access to capital, mentorship, skills, infrastructure and real market opportunities. The Government is committed to providing every possible resource and support and we encourage our entrepreneurs to leverage these platforms.”

The event commenced with an orientation for the startups registered under the Goa Startup Accelerator Programme. Participants were briefed on the structure and roadmap of the accelerator. The startups also pitched their ideas to experts and interacted with mentors and fellow entrepreneurs.

The Goa Startup Accelerator Programme is a structured five-month initiative designed to provide startups with direction, mentorship and growth support. The programme will run from February to June 2026, culminating in a Demo Day where participating startups will showcase their progress and innovations.

On the occasion, the winners of the Goa Open Innovation Challenge 2025 were felicitated. The startup category winners included, the SOLO Network, Cidroy Technologies LLP and So-AIR. Student category winners included, Shri Suraj Vishwakarma and team from Padre Conceição College of Engineering, Verna; and Shri Dattaprasad Narendra Prabhu and team from Don Bosco College of Engineering, Fatorda. The Goa Open Innovation Challenge 2025 Report was also released at the hands of the minister.

Winners of the MedTech Hackathon, organised by National Association of Palliative Care for AYUSH & Integrative Medicine (NAPCAIM) in collaboration with DITE&C, were also awarded. The winning teams included, Team Biomade, Team My Pallo Friend and Team Kindred Tech.

The programme additionally recognised government and ecosystem enablers for their contributions to Goa’s growing innovation landscape. Those felicitated included Shri. Praveen Volvotkar, MD, InfoTech Corporation Ltd; Smt. Revati Kumar, CEO, Goa Electronics Limited; Shri. Mangirish Salelkar, President, Goa Technology Association; Shri. Milind Anvekar, Senior Vice President – India Operations, Open Destinations; Shri. Americo (Ricky) Noronha, Director, Online Productivity Solutions Pvt. Ltd.; Shri. Vincent Toscano, Managing Partner, Uzoorba Technologies LLP; Shri. Prajyot Mainkar, Founder & CEO, SoFueled; Dr. Anil Wali, CEO, BITS BioCyTiH foundation and Shri. D. S. Prashant, CEO, Startup & IT Promotion Cell.

By continuously introducing forward-looking policies, targeted schemes and collaborative platforms, the Department of Information Technology, Electronics & Communications (DITE&C) is ensuring that startups are fully supported at every stage of growth. Through such initiatives, Goa is steadily strengthening its innovation-driven economy and building a future-ready entrepreneurial ecosystem.

Stanley Lifestyles Reports Q3 & 9M FY26 Results, Reinforcing Leadership in Luxury Furniture

Bengaluru, Feb 13: Stanley Lifestyles Ltd, incorporated in 2007, is a leading home-grown luxury and super- premium furniture brand in India, offering end-to-end solutions across design, manufacturing, and retail, ensuring full quality control and superior customer experience has announced its unaudited financial results for the third quarter & nine months ended December 31st, 2025.

Consolidated Key Financial Highlights: 

Particulars Q3FY26 Q3FY25 YoY (%) 9M FY26 9M FY25 YoY (%)
Revenues from Operations 1,038 1,097 (5.4%) 3,179 3,134 1.4%
Gross Profit 618 638 (3.1%) 1,857 1,749 6.2%
Gross Profit Margin (%) 59.5% 58.2% 130 bps 58.4% 55.8% 260 bps
EBITDA 124 205 (39.5%) 597 591 1.1%
EBITDA Margin (%) 11.9% 18.7% (680 bps) 18.8% 18.9% (10 bps)
PAT (2) 89 (102.2%) 136 184 (26.1%)
PAT Margin (%) (0.2%) 8.1% (830 bps) 4.3% 5.9% (160 bps)

 For the third quarter ended December 31st, 2025:

  • Revenue from Operations Q3FY26 was ₹ 1,038 mn subdued by 5.4% YoY primarily impacted by near-term demand softness
  • EBITDA margins have reduced by 680 bps YoY to 11.9% in Q3FY26 from 18.7% in Q3FY25.
  • In Q3FY26, PAT showed a loss of ₹ 2 mn compared to profit of ₹ 89 mn in Q3FY25. This decline was mainly due to higher depreciation, finance costs and expenses arising from new stores, which are yet to reach optimal utilization and generate commensurate returns.

For the Nine Months ended December 31st, 2025:

  • Revenue from Operations in 9M FY26 was ₹ 3,179 mn registering a growth of 1.4 % YoY. The modest growth reflects evolving consumer preferences, with a noticeable shift toward value-oriented products.
  • The company recorded a 6.2% growth in gross profit in 9MFY26 compared to the corresponding period last year, supported by an improved product mix and operational efficiencies.
  • EBITDA margins decreased slightly by 10 bps to 18.8% in 9MFY26 from 18.9% in 9MFY25.
  • The reported PAT for 9M FY26 stood at ₹ 136 mn, lower by 26.1% compared to ₹ 184 mn in 9M FY25. The reduction in profitability was primarily attributable to higher depreciation and finance costs associated with store expansion and ongoing investments in growth infrastructure

Commenting on the overall performance of the Company, Mr. Sunil Suresh, Managing Director, Stanley Lifestyles Ltd, said, “We are pleased to report resilient gross profit growth of 6.2% in 9M FY26, reflecting the underlying strength of our brand and operating model. While the bottom line has been impacted during the period, this is largely attributable to our strategic investments in strengthening the leadership team and expanding our retail footprint, which have resulted in higher near-term costs.

Encouragingly, we are witnessing improving handovers and maintain a healthy order pipeline, which gives us confidence in delivering stronger performance in the coming quarters.

We are also proud to share that both our manufacturing facilities have been certified by the Bureau of Indian Standards (BIS). This is an important milestone that positions us well to benefit from evolving industry regulations. With the Furniture Quality Control Order (QCO) expected to be implemented by the end of this financial year, we believe our preparedness and compliance will create meaningful competitive advantages.

As global consumer preferences continue to shift towards premium, experiential luxury, our unwavering focus on craftsmanship, design excellence, and exclusivity reinforces our positioning for sustained relevance and long-term growth.

Going forward, we remain focused on deepening our COCO network and curating timeless collections that resonate with evolving luxury sensibilities, while building a foundation for scalable and profitable growth”