Akzo Nobel India announces Q3 and 9M financial results for 2024-25

Akzo Nobel

Mumbai, February 7, 2025, the Board of Directors of Akzo Nobel India Limited, a leading paints and coatings company and maker of Dulux Paints, approved the financial results for the quarter and nine months ended 31 December 2024.

Highlights

Q3 FY25* (compared with Q3 FY24**)

  • Revenue from operations at ₹1,050.5 crore, up by 2%
  •  EBIT from operations at ₹143.5 crore, down by 2%
  •  PAT at ₹108.6 crore, down by 5%
  • 9M FY25 (compared with 9M FY24)
  •  Revenue from operations at ₹3,069.1 crore, up by 3%
  •  EBIT from operations at ₹414.8 crore, up by 1%
  •  PAT at ₹321.1 crore, up by 1%

Akzo Nobel India Limited Chairman and Managing Director, Rajiv Rajgopal, commented:

“In Q3 FY25, we achieved both volume and value growth despite subdued market conditions. Favorable demand in infrastructure, power, mining, marine, and real estate sectors fueled sustained B2B momentum in paints and coatings. Prudent cost management protected profitability, effectively mitigating the impact of raw material inflation on margins.

Overall, our performance in 9M FY25 reflects continued growth and strong double-digit profitability trajectory with market share gains.”

Recent highlights:

New propositions launched across categories in Decorative Paints:

  •  Upgrading from distemper to a more durable entry-level emulsion at an affordable price is now possible with the new Dulux Promise Freedom. It’s advanced Latex Technology delivers longer-lasting protection to home interiors and exteriors with three key benefits: enhanced whiteness, improved coverage, and a smoother finish.
  •  Dulux Aquatech DampProtect 2in1, our latest high-performing solution further strengthens our waterproofing segment portfolio. Its unique AquaProtect technology prevents water ingress and provides protection for both vertical and horizontal surfaces, with a warranty of up to 8 years.
  •  Dulux Professional M900 Premium Gloss Enamel marks the Company’s debut enamel offering in the professional segment. This high-sheen, multi-surface gloss offers exceptional gloss retention, benefit of washability, and resistance to wear-and-tear. It’s tough and durable finish makes it ideal for high-traffic surfaces and project exteriors exposed to demanding conditions.

New certification of Resicoat electrical insulation range of powder coatings

AkzoNobel’s Resicoat Electric Insulation range of powder coatings has now received the prestigious Underwriters Laboratories (UL) flame retardant certification. As the shift to powder coatings accelerates, this validation opens new opportunities in the growing electric vehicle market, where the demand for more sustainable and high-performance coatings for electrical insulation is surging.

Award & Recognition:

Project Revive, Akzo Nobel India’s vocational skill-building initiative in decorative painting for drug-rehabilitated youth, was recognized with a Special Mention for ‘Skill Building in Decorative Painting for Substance Users in the North-East Region’ at the second edition of the North-East CSR Awards 2024. Launched in 2021, Project Revive has positively impacted the lives of over 800 vulnerable youth across Assam, Manipur, and Arunachal Pradesh.

Škoda Auto Volkswagen India Wins Multiple Awards for Workplace Excellence

Skoda Auto Volkswagen

Thursday, 07 February 2025: Škoda Auto Volkswagen India Private Limited (SAVWIPL) has received multiple recognitions for being an outstanding workplace. SAVWIPL achieved a significant milestone by securing the “Top Employer” certification and the “Best Companies to Work For in Asia”, both for the second consecutive year. Adding to this remarkable success, the company has garnered accolades across three categories at the Economic Times Human Capital MENA awards. These achievements underscore SAVWIPL’s unwavering commitment to making the workplace employee-friendly and engaging.

The Top Employer certification is a hallmark of quality in the realm of human resources. The process comprises a rigorous evaluation spanning six critical organizational dimensions to choose the winner. This detailed audit involved approximately 260 assessment points, validating the company’s commitment to ensure the best workplace practices and strategic human resource management.

The recognition of being the “Best Companies to Work For in Asia” for the second consecutive year was based on a comprehensive evaluation of three core areas – Feel, Think, and Do – through employee feedback and a thorough audit, demonstrating SAVWIPL’s success in creating an engaging workplace environment.

Adding to these achievements, SAVWIPL’s debut participation in the Economic Times Human Capital MENA Awards resulted in recognition across three significant categories: Health and Wellness Excellence, Global Talent Acquisition, and Environmental and Social Governance Leadership.

Speaking about the achievement, Piyush Arora, Managing Director and CEO of Škoda Auto Volkswagen India, said “Securing the “Top Employer” certification for the second year in a row is not just a badge of honor; it reflects our deep commitment to creating an environment where our employees can thrive. We understand the vital role our people play in ensuring our success, and we earnestly work towards empowering them with a culture of innovation, integrity, inclusivity, and well-being. Receiving the Top Employer certification, along with being named among the “Best Companies to Work For in Asia” and bagging multiple accolades at the “Economic Times Human Capital MENA Awards” – is a clear reflection of the ethos we carry, and the Group’s proven world-class work culture. As we continue to grow, we remain committed to the highest standards of compliance, ethics, and integrity, ensuring a workplace that is built on trust, respect, and responsible business practices.”

Sarma Chillara, CHRO, Škoda Auto Volkswagen India, said, “Achieving a reward goes beyond individual success; it’s about creating an environment and fostering a culture where every effort is valued and the employees are motivated to put their best foot forward. Bagging these three prestigious awards two of which we have won consecutively, reinforces my belief in our teams’ dedication and our collective commitment to build a culture of excellence.”

These accolades collectively reflect SAVWIPL’s strategic focus on inclusive and transparent workplace practices, employee development, and organizational excellence. As SAVWIPL continues to set benchmarks in the automotive sector, these recognitions reaffirm its position as an “Employer of choice”. By prioritizing employee well-being and engagement, the company is not only enhancing its workplace culture but also driving industry standards for excellence.

Experience the Magic of Love at Ophelia This Valentine’s Day

This Valentine’s Day, Ophelia welcomes you to experience romance like never before. Located just moments away from the iconic Ashoka Hotel, Ophelia has quickly become the place to be for those who appreciate the finer things in life. With its chic ambiance, exquisite décor, and incredible food and drinks, Ophelia offers the perfect backdrop to celebrate the day of love.

This year, the team at Ophelia is showcasing all the magic to make your Valentine’s Day extra special. With an evening featuring a thoughtfully curated menu, enchanting romantic décor, and the perfect soundtrack of live DJ performances, the restaurant sets the tone for a night to remember. Whether you’re seated indoors surrounded by elegant design or dining under the stars in their outdoor area, Ophelia promises a Valentine’s experience that’s as unforgettable as the love you share.

Ophelia’s exclusive Valentine’s Day menu is a feast for the senses, designed with love in every bite. Commence with appetizers like the Trio Berries, a fresh mix of cranberries, blueberries, and strawberries with a tangy vodka sauce, or the Avocado Caprese, featuring creamy baby bocconcini and vibrant cherry tomatoes. For the main course, you can savour the Sambuca Infused Salmon or indulge in a Grilled New Zealand Lamb Steak with rich truffle mushrooms and red wine prunes jus. If you’re after something light but equally delicious, try the Low-Fat Poached Mock Meat or Roasted Apple Gourd, offering a burst of flavour for every diet. To wrap it up, relish desserts like the rich Basque Cheesecake or the indulgent Red Velvet Cake.

Ophelia makes sure your evening is tailored to perfection. Whether you have dietary restrictions or a specific request, their team is here to make sure everything is just perfect, like your love story. With a beautiful atmosphere and impeccable service, you’ll feel like you’re in a world all your own.

Vellam – Gurgaon’s Modern Take on South Indian Cuisine

South Indian cuisine has found its newest and most refined address at Vellam, a contemporary and eclectic dining experience born out of passion and nostalgia. Paras, who grew up amidst the vibrant streets of Chennai, and Priyansha, a connoisseur of South Indian flavors, have joined hands to bring a unique culinary vision to Delhi NCR. With a shared love for the rich heritage of South Indian cuisine and a determination to enhance its perception, they have curated Vellam as a tribute to the flavors they adore and the sophistication they seek to present.

The name “Vellam,” Tamil for jaggery, complements the nature of this venture. Jaggery, a quintessential ingredient in South Indian cuisine, represents tradition, sweetness, and depth – qualities that accord deeply with the restaurant’s ethos. The choice of the name not only pays homage to the roots of the cuisine but also carries a modern and catchy appeal that perfectly aligns with the restaurant’s concept. Vellam breaks away from the stereotypes associated with South Indian food. Often confined to quick, budget meals or limited to idlis and dosas, this cuisine deserves a seat at the fine dining table.

At Vellam, traditional southern flavors meet innovative techniques, creating a symphony of tastes that surprises and delights. With a menu that reimagines the classics, Chilled Tomato Shorba, Water Chestnut Pepper Fry, Karaikudi Prawns, Spice Toss Fish Taco and Gonkura Mutton, every dish is made with creativity and respect for authenticity. Even the bar menu draws inspiration from the south, with creations like the Curry Leaf Martini and Spiced Banana Old Fashioned Rum adding a spirited twist.

The ambiance at Vellam is equally exquisite. Moving away from predictable design norms, the interiors strike a balance between rustic South Indian charm and modern aesthetics. Earthy tones, lush greenery, bronze accents, and bespoke artwork come together to create a space that is both warm and contemporary. With a seating capacity of 76, including a chic outdoor area, Vellam offers an inviting yet refined setting for diners to absorb themselves in a delicious journey.

The vision for Vellam surpasses beyond food and decor. Paras and Priyansha aim to offer an experience where every detail, from the taste to the atmosphere, challenges preconceived notions. It’s a carnival of South Indian cuisine in a way that’s never been seen or experienced before, a fine-dining experience that pairs bold flavors with modern flair. Whether you savor the spicy allure of Nellore Fish with Mini Idli Croutons or sip on a Filter Coffee MudSlide, the experience is to revamp your understanding of the cuisine. Priced at ₹3,000 for two (excluding alcohol), Vellam is accessible yet aspirational, inviting guests to explore the worldly southern flavors. Operational from 12 PM to 11:30 PM, the restaurant is poised to become a haven for food enthusiasts seeking an elevated and reimagined take on South Indian dining.

Paras and Priyansha’s journey hasn’t been without challenges, from finding skilled artisans to realizing their dream to overcoming ingrained stereotypes about South Indian cuisine. But with Vellam, they’ve achieved something incredible – a restaurant that’s a movement to bring the brilliance of South Indian flavors into the spotlight they so richly deserve. A Sophisticated Taste of South India Awaits at Vellam.

Prime Video Announces Start of Filming for its Original Series Gram Chikitsalay

MUMBAI, India—February 7 —Prime Video, India’s most loved entertainment destination, today announced commencement of filming of its upcoming original series Gram Chikitsalay. Produced by The Viral Fever (TVF), the creators of several award-winning and fan-favorite originals, this comedy-drama brings an engaging story filled with humor and heartfelt moments.

Boasting of a highly talented and versatile ensemble cast including Amol Parashar, Anandeshwar Dwivedi, Akash Makhija, Garima Vikrant Singh, Vinay Pathak, and Akansha Ranjan Kapoor in the lead roles, Gram Chikitsalay is a delightful blend of humor and emotions. The series follows the journey of a doctor from the city as he adjusts to life at a small-town public health center. The series serves up a witty cocktail of playful journey of self-discovery, unexpected friendships, and the awkward hilarity that comes with figuring out how to fit into a place that plays by its own rules. Currently in production, Gram Chikitsalay will be available to Prime Members in over 240 countries and territories upon its release.

Blenders Pride Fashion Tour Gurugram Celebrates Fashion Icon Rohit Bal

Gurugram, February 7, 2025: An unparalleled universe of fashion, glamour, glitz, and revelry came to life at Blenders Pride Fashion Tour 2025’s inaugural edition in Gurugram, with a magnificent celebration of the extraordinary life of Rohit Bal – India’s one true fashion icon. A remarkable partnership with Rohit Bal, which saw the Fashion Tour create several stunning showcases, saw an incredible culmination, as it honoured the artistic genius, craftsmanship, and vision, that transformed the very essence of Indian couture. Fashion icon Sonam Kapoor also celebrated the life of Rohit Bal by becoming the showstopper for the special show.

In collaboration with the Fashion Design Council of India (FDCI), the tour spotlighted Bal’s impeccable sense of fashion, his passion for art, his Kashmiri roots, and his epic persona that knew no bounds. From tastefully decorated spaces inspired by Bal’s signatory motifs, celebrated Chef Suvir Saran’s curation of Kashmir’s culinary traditions, to soulful music designed by Vibha Saraf and Deveshi Sahgal, the evening was crafted just as Bal would have. Donning the ramp was over 100 of Bal’s closest tribes in Fashion, Bollywood, and Media with illustrious names like Kalyani Chawla, Varun Bahl, Rajiv Makhni, Madhur Bhandarkar, JJ Valaya, Rahul Dev, Mugdha Godse, Esha Gupta, Malini Ramani, Vijender Singh, Sonam Kapoor and many more, as their diverse stories filled up the room with larger-than-life projections of Bal’s pictures & videos, bringing raw emotions on one iconic runway.

Kartik Mohindra, CMO of Pernod Ricard India, said, “This celebration of Rohit Bal’s legacy, was one for the ages. It reflected our long-standing commitment to shining the spotlight on the iconic voices shaping Indian fashion. We’ve had an incredible partnership with Bal over the years, and it was only befitting for the Fashion Tour to celebrate him in a way that truly reflected his impact on the world of fashion. 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.”

Actor Sonam Kapoor shared, “It has always been an honor to be Rohit’s muse, donning his extraordinary creations for many years. Being a part of this unique celebration of his legacy at Blenders Pride Fashion Tour has been a true honor and one that will be etched in my memory forever.”

“The Gurugram edition was a perfect example of the iconic world of Blenders Pride Fashion Tour, and the impact it creates by bringing the most remarkable names 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, in creating the most awe-inspiring celebration of Rohit Bal, that beautifully captured his legacy. As two powerhouses in fashion, we’re committed to shaping the future of fashion experiences.”

The Fashion Tour is now headed to Chandigarh on February 8th, 2025, where designer Kanika Goyal’s Street luxe fashion will collide with the glamourous edge of Jacqueline Fernandez and thumping beats by Harrdy Sandhu and Hari-Sukhmani.

Capital Small Finance Bank: MPC quote -RBI’s First Rate Cut in 5 Years

Mr. Sarvjit Singh Samra

by Mr. Sarvjit Singh Samra, MD & CEO of Capital Small Finance Bank

“The RBI’s decision to cut the Repo Rate by 25 bps to 6.25% while maintaining a neutral stance to deal with external volatility is a timely and welcome step that will help sustain economic growth and momentum. By aligning monetary policy with the Union Budget’s investment and growth focus, the RBI has reaffirmed confidence in India’s financial system and long-term economic resilience.

With borrowing costs set to ease, MSMEs, rural businesses, and semi-urban borrowers stand to benefit the most. The macroeconomic outlook, coupled with favorable growth-inflation dynamics and a well-balanced mix of fiscal and monetary policies are aligning for a pro-growth stance, creating an ideal environment for accelerated credit growth and vibrant business momentum in the economy and banking space, especially for banks like ours, with a clear focus on serving the Middle Income Group (MIG) segment with emphasis on rural and semi-urban areas (SURU).”

Disney+ Hotstar Unveils Trailer of Oops Ab Kya Releasing on Feb 20, 2024

Oops! Ab Kya

Mumbai 7th February 2025: Forget boring February blues—Disney+ Hotstar is here to turn your month upside down with a rollercoaster of comedy and chaos! Hold on to your funny bones because the trailer for Oops! Ab Kya? is finally here! This quirky comedy takes a wild, unexpected turn when a young woman’s perfectly planned life goes haywire after accidental artificial insemination—with her ex-crush’s sperm, no less! Packed with laughter, awkward moments, and heartfelt emotions, the show promises to be the perfect mix of romance and chaos.

Tune in to Disney+ Hotstar on 20th February 2025 and prepare for a wild, hilarious ride filled with love, laughter, and some very unexpected twists. Starring Shweta Basu Prasad, Ashim Gulati, Jaaved Jaaferi, Sonali Kulkarni, Abhay Mahajan, Apara Mehta, and Amy Aela, Oops! Ab Kya? is directed by Prem Mistry & Debatma Mandal and produced by Dice Media. The trailer gives a peek into the hilarious and heartwarming drama that unfolds across three generations of women as they navigate love, tradition, and modernity—with a side of pure madness!

Shweta Basu Prasad said, “The moment I read the script of Oops! Ab Kya?, I knew this was going to be one crazy ride! My character’s life goes from perfectly organized to utterly chaotic in seconds, and it’s all shown with such humor and heart. The trailer only scratches the surface of how wild this journey is. It’s a story of love, laughter, and finding yourself amid all the madness. I know audiences will have even more fun watching it. So mark your calendars and join us for some unforgettable chaos!”

Ashim Gulati said, “Being part of Oops! Ab Kya? was like stepping into a world where every unexpected moment leads to a bigger laugh. My character gets thrown into a bizarre situation, and watching him navigate it is both hilarious and heartwarming. The trailer gives you a taste of the madness, but the full show is packed with even more twists, humor, and, surprisingly, a lot of heart. Get ready to laugh, cry, and maybe even question how you’d handle a situation like this!”

Jaaved Jaaferi said, “What I love about Oops! Ab Kya? is that it doesn’t shy away from the absurdities of life. The humor is sharp, the emotions are real, and the characters are wonderfully relatable. The trailer shows how unpredictable and funny life can be, but what stands out is the heart at the center of all the chaos. It’s a story that’s as much about laughter as it is about family, love, and relationships. It’s going to be quite a blast!”

Sonali Kulkarni said, “When life throws you a curveball, sometimes the only thing to do is laugh—and that’s exactly what Oops! Ab Kya? is about! Playing the modern mom navigating her own set of challenges while supporting her daughter’s crazy journey was such an incredible experience. The show is funny, emotional, and refreshingly honest about family dynamics. The trailer gives a glimpse of all the fun and drama, but there’s so much more waiting for you this February!”

Abhay Mahajan said, “Imagine being madly in love in a story where literally nothing goes as planned. That’s my character in Oops! Ab Kya?, and I absolutely loved every second of it. The show is packed with laugh-out-loud moments, awkward confrontations, and some truly touching scenes. The trailer sets the tone for what’s to come, but trust me, the full show will leave you laughing and rooting for these characters. It’s the perfect mix of chaos and heart!”

Monetary Policy : K Paul Thomas, MD & CEO, ESAF Small Finance Bank

K Paul Thomas

by K Paul Thomas, MD & CEO, ESAF Small Finance Bank

The RBI’s decision to cut the repo rate to 6.25% is a welcome move, complementing the Union Budget’s focus on economic growth and financial empowerment. The increase in the income tax exemption limit further strengthens this outlook by boosting disposable income, especially for middle- and lower-income segments. Such policy measures play a crucial role in shaping the financial ecosystem, strengthening rural credit, controlling inflation and promoting inclusive banking. As a bank deeply committed to empowering underserved communities, we see this as an opportunity to enhance liquidity, support entrepreneurial growth, and strengthen financial inclusion—aligning with the government’s broader vision for sustainable and inclusive development.

Smoke House Deli | Exploring Feature Opportunity for Valentine’s Day

Creamy Burrata

Delhi, 7th February 2025: Smoke House Deli is crafting a Valentine’s affair, ‘Lovestruck at the Deli’ that goes beyond just a meal—it’s an invitation to celebrate love through indulgent food and meaningful connections. Whether it’s a date, a Galentine’s brunch, or a cozy evening with your dear ones, the ambiance is set to create cherished memories. Guests can also enjoy Twice the Love with Twice the Pour, with 1+1 on select wines & cocktails, and 2+2 on select beers, available all day, every day between 11th to 26th February. With a curated date-night setup and specially crafted food and drinks options, exciting offers, Smoke House Deli offers the perfect way to enjoy the season of love over delicious food and great company.

Curated date-night set-up

Smoke House Deli has crafted an intimate and immersive experience with special setups designed for romance. Guests can engage in fun, interactive activities like writing Valentine’s postcards and exchanging love coupons with playful messages like ‘Take Me Shopping’ ‘Weekend Getaway’ or ‘Tech-Free Time’, or even decorating DIY cookies, etc on the 14th,15th, and 16th of February. The décor across all outlets will bring the theme to life, with a soft candlelit ambiance, romantic mirror prompts, and more—creating the perfect setting to celebrate love.

Food & Drinks

The Valentine’s Date Night Menu is a treat for the senses, bringing together exquisite flavors and elegant presentations. The Creamy Burrata with Balsamic Red Grapes & Fresh Strawberry Compote is a perfect balance of rich, velvety cheese complimented by the sweetness of macerated grapes and the bright tang of strawberries. Seafood lovers can indulge in Fresh Oysters Served on an Ice Bath with Cocktail Sauce & Bloody Mary. For the main course, the Linguine with Seared Lobster Tail and Brown Butter Sauce is pure decadence—silky pasta coated in a nutty, buttery sauce, served with a perfectly cooked lobster tail. Meat lovers will relish the Almond Butter Stuffed – Harissa Braised Chicken with Corn Mash, where the smoky heat of harissa meets the creamy richness of almond butter.

No Valentine’s celebration is complete without something sweet, and the dessert menu is pure indulgence. Guests can try out the Cherry Tart – a buttery crust filled with luscious cherry compote, balancing tartness with just the right amount of sweetness. For chocolate lovers, the Ruby Chocolate Mousse Cake is a dream—smooth, airy mousse made with rare ruby chocolate, offering a subtle fruitiness that melts on the tongue.

The Cocktail Menu features four crafted drinks designed to inspire passion and delight. Love Story is an enchanting blend of the finest whiskey, wine, homemade dark chocolate, house spices, and zest-infused liqueur—perfectly balanced for those who savor richness. Heart Spark offers a bold mix of whiskey and wine, with a tangy twist of passionfruit & plum whey, creating a vibrant, balanced flavor. The Loving Hug is a smooth and aromatic gin-based cocktail, elevated with the crispness of rosé, the richness of cherry liqueur, and a bright citrus finish. While the Blush of Love, is a vibrant vodka-forward cocktail infused with rosé has gentle sweetness with floral undertones.

Speaking about the food curation, Chef Shamsul Wahid, Group Executive Chef at Impresario Entertainment & Hospitality Pvt. Ltd, said, “Food has a way of bringing people closer, and that’s exactly what we want to do this Valentine’s at Smoke House Deli. Our menu has been curated with much thought, featuring flavors that spark joy and cocktails that complement every conversation. From comforting classics to indulgent new creations, every dish is designed to be shared, savored, and remembered—because the best moments are always made around the table.”