Archives August 2025

Ghaziabad, 18^th August, 2025: Residents of Wave City, the first operational Hi-tech City in North India, came together today to celebrate the 79th Independence Day with great zeal and patriotic fervour. The celebrations commenced with a grand flag-hoisting ceremony at the township, attended by residents, staff, and guests.

The event was marked by cultural performances, distribution of sweets, and a special awards segment honouring the dedicated security personnel of Wave City for their exemplary services. Gifts, tri-colour flags, and mementoes were presented to the attendees, fostering a sense of unity and community spirit.

On the occasion, Mr. CJ Singh, COO, Wave City, said: “Independence Day is a reminder of the immense sacrifices that paved the way for our nation’s freedom. At Wave City, we take pride in commemorating this day by coming together as a community to salute the Tiranga. Hoisting the national flag is not just a ritual—it is a reaffirmation of our shared values, unity, and vision for a stronger, more progressive India. We encourage everyone to proudly display the Tiranga at their homes, societies, and workplaces to honour our nation and its spirit.”

The Indian Racing Festival (IRF), India’s premier motorsport property, flagged off once again with Mobil1 onboarded as the performance partner for the 2025 season. Following a successful collaboration in 2024, Mobil1 brand’s advanced synthetic engine oils will continue to power the high-performance machines of both the Indian Racing League (IRL) and the FIA-certified Formula 4 Indian Championship (F4IC).

The IRL remains India’s only franchise-based, gender-neutral, four-wheel racing league, featuring six city teams that bring together elite international drivers, homegrown Indian talent, and female racers in a shared-car format, backed by both precision and strategy. Alongside, the F4IC continues to serve as the first FIA-accredited Formula 4 championship in the country – deemed as a critical stepping stone for young drivers looking to progress to higher tiers of single-seater racing while earning Super Licence points on home soil.

With both championships set to unfold across five high-intensity race weekends at some of India’s most challenging and scenic circuits, Mobil1 brand’s continued association showcases its emphasis upon high performance, safety, and innovation: elements that constitute the core of Indian motorsport. The IRF race cars will be powered by Mobil 1™ 5W-40, a full-synthetic engine oil known for its triple-action formula that delivers enhanced protection, cleaning power, and performance under extreme track conditions.

“Mobil1 brand’s consistency in performance and trust in technology makes them the perfect performance partner for us. Their legacy in motorsport, coupled with their continued support to our vision of upscaling Indian motorsport, makes this a very natural and valued collaboration. Together, we aim to raise the bar for racing excellence in India once again in 2025.” said Mr. Akhilesh Reddy, Chairman & Managing Director of Racing Promotions Pvt. Ltd. (RPPL), the promoter of the Indian Racing Festival (IRF).

Mobil1, a flagship brand under ExxonMobil, has consistently led the global synthetic motor oil market. Since its inception in 1974, Mobil 1™ has become synonymous with performance, endurance, and technical superiority – qualities that resonate deeply with the spirit of the Indian Racing Festival. With over 51 years of pushing boundaries, Mobil1 brand continues to fuel engines across elite motorsport categories around the world.

Mr. Ankush Khanna, CEO, ExxonMobil Lubricants Pvt Ltd, said, “The Indian Racing Festival is a platform that is shaping the future of motorsport in India. For us at ExxonMobil, the partnership is a perfect alignment of values, innovation and performance. Through this partnership we’re helping fuel the ambitions of a new generation of drivers and engineers, and we are proud of it. It’s about showcasing what’s possible when world-class technology meets a country determined to make its mark in global racing and we are glad to support the ecosystem.”

“High-performance racing demands precision, endurance, and the ability to perform under relentless pressure & that’s exactly where Mobil1 brand thrives. Our lubricants are the result of decades of engineering refinement, designed to protect and optimize engines at the very edge of their limits. Partnering with the Indian Racing Festival allows us to prove this on track, while also contributing to a motorsport ecosystem in India that is fast becoming both: globally credible as well as inspiring when it comes to providing a platform to aspiring drivers across the nation.”, said Mr. Kapil Mittal, Director – Consumer Marketing for South Asia Pacific, Mobil.

The 2025 Indian Racing Festival kickstarted on August 16, 2025, at the Kari Motor Speedway in Coimbatore, marking the start of a season that will test skill, strategy, and endurance across India’s premier racing circuits. With more races planned through November, each event will bring fans closer to the drivers, teams, and quality engineering that define modern Indian motorsport. As the engines fire up for IRF 2025, India’s premier motorsport IP stands poised to push Indian motorsport into one of its most competitive and globally connected season yet, thereby setting new benchmarks for performance, inclusivity, and sporting excellence.

18th August, 2025 – AutoNxt, a company known for its innovation-driven technology, has successfully launched India’s first indigenously manufactured electric tractor. Today, the first official vehicle registration of this tractor was carried out at the Regional Transport Office (RTO) in Thane.

Speaking at the event, Maharashtra’s Transport Minister, Hon. Shri Pratap Sarnaik, said that this electric tractor will prove to be a boon for both farmers and the industrial sector, triggering a significant electric revolution across the country. Last year, Maharashtra’s then Chief Minister, Hon. Shri Eknath Shinde, had unveiled this tractor, and within a short span, it has received an overwhelming response from across India.

The electric tractor has been successfully tested in several states across the country. It has delivered excellent results in applications with local self-governments, cow shelters (gaushalas), biomass plants, dairy farms, and sugar factories. Its efficiency, eco-friendliness, and fuel cost savings have been distinctly evident.

Until now, the absence of alternative solutions meant farmers and institutions had to rely solely on diesel-powered tractors. But with the availability of this electric tractor, its adoption is expected to grow rapidly in both government and private sectors. This will significantly reduce fuel expenses, lower maintenance costs, and provide substantial economic benefits. Being environment-friendly, it will also contribute to maintaining a cleaner and greener atmosphere.

Electric vehicles are emerging as an effective technology to reduce dependence on fossil fuels, decrease greenhouse gas emissions, and increase energy efficiency. Both the central and state governments are consistently working to promote the adoption of electric vehicles.

Commenting on the occasion, Kaustabh Dhonde, Founder & CEO, AutoNXT said “This moment marks the beginning of a transformative shift in agricultural technology. Our indigenously developed electric tractor is a testament to India’s engineering capabilities and our commitment to sustainable solutions. In addition to this Mr. Pankaj Goyal, Co-founder and COO, AutoNXT said “It’s not just a product—it’s a movement toward a cleaner, more cost-effective, and future-ready India.”

Under the Maharashtra State Electric Vehicle Policy 2025, the target is to have 20% of new vehicle registrations comprising battery electric vehicles by 2025. Thane RTO officer Mrs. Hemangini Patil expressed confidence that AutoNxt’s electric tractor will play a significant role in achieving this goal.

Delhi, 17th August, 2025 :

Algoquant Fintech Stock Split & Bonus Issue Algoquant Fintech, engaged in trading financial instruments, will undergo two major corporate actions on Monday, August 18, 2025. The company has announced a stock split along with a bonus share issue. The record date for both actions is August 18, 2025, meaning investors must purchase Algoquant Fintech shares on or before Thursday, August 14, 2025, to be eligible.

Deadline Approaches for Investors

Investors targeting midcap corporate actions should act fast: today is the final opportunity to buy shares of Algoquant Fintech to be eligible for its upcoming bonus issue and stock split. The company has designated Monday, August 18, 2025, as the record date to determine qualifying shareholders. With India’s T+1 settlement cycle, purchases must be made today to ensure transactions settle before the cutoff.

Details of the Corporate Actions

According to the announcements, Algoquant Fintech will distribute bonus shares at an 8:1 ratio, granting 8 additional shares per share held. Simultaneously, a stock split will reduce the face value from Rs 2 to Re 1, effectively doubling the share count. This will enhance affordability for small investors and potentially boost market liquidity.

“We are thrilled to reward our shareholders with an 8:1 bonus issue and a stock split, reflecting our strong confidence in Algoquant Fintech’s future growth. This move not only enhances accessibility for a broader investor base but also underscores our commitment to creating long-term value.” – Dhruv Gupta, Co-founder, Algoquant Fintech

Market Implications and Investor Sentiment

These moves, which reward shareholders without additional investment and lower per-unit costs, are seen as a sign of management’s confidence in long-term growth. Market analysts will likely track Algoquant Fintech’s performance today to assess investor sentiment and trading activity ahead of these events. While the underlying valuation remains unchanged, these actions may drive short-term price shifts and attract a wider investor base. The combination of a high-ratio bonus and face value split is rare and could significantly influence the stock’s trading dynamics.

New Delhi, August 16, 2025: Table Space Technologies Private Limited, a flexible workspace solution provider, has taken on lease 5,34,532 sq. ft. of office space at a monthly rental of Rs 65 per sq. ft. amounting to Rs 3,47,44,580 in Intellion Park in sector 59, Gurugram, according to the property registration document reviewed by NSE-listed real estate data analytics firm PropEquity.

The transaction was registered on July 25, 2025 between Table Space Technologies Private Limited and Mikado Realtors Private Limited, a Tata Group Company (Tata Realty and Infrastructure Ltd.)

Intellion Park is located right off the Golf Course Extension Road, in Gurugram. It offers connectivity through the main access roads – Golf Course Road, MG Road & Faridabad Road and is also well connected to Sohna Road, NH 8 and Delhi. The Southern Peripheral Road, Dwarka Expressway and Delhi-Mumbai Expressway are within easy reach. The metro station is at a 10-min drive.

According to the registration document reviewed by PropEquity, which also tracks residential and commercial transactions, the lease agreement has been signed for six years starting from lease commencement date of August 1, 2024 till July 31, 2030. The lease deed is also subject to a lock-in period of three years.

Table Space will have 11 months for carrying out fit-outs.

The lease deed also provides for a fit-out period of eleven months from the Lease Commencement Date (August 1, 2024) to June 30, 2025 during which Table Space will be required to pay only 50% of the maintenance charges, i.e Rs 6.5 per sq. ft.

The rent commencement and full maintenance charge of Rs 13 per sq. ft. shall begin from July 1, 2025 amounting to a monthly rent of Rs 4,16,93,496.

The agreement provides for 15% escalation in lease rent after every three years.

The agreement also requires the deposit of three month rent as interest free refundable security deposit with 15% escalation after every three years.

The lease agreement, upon expiry, can be renewed for a period of four years and thereafter an additional five years.

The G+12 structure office building will also have 617 covered car parking spaces in the basement.­

The transaction incurred a stamp duty payment of Rs 1,58,53,000 and registration charges of Rs 50,003.

Table Space is one of the leading flexible workspace solution providers in India and specializes in providing enterprise-managed workspace solutions to global enterprises. Founded in 2017, Table Space’s portfolio comprises 10.5 million sq. ft (100.5 lakh sq. ft) of custom workspaces for enterprises as of December 2024, with over 75+ centres across key clusters in India.

Golf Course Extension Road:

According to PropEquity, Golf Course Extension Road saw the supply of 5.23 million sq. ft. office space between 2022-24 while leasing stood at 2.72 million sq. ft. The average rentals stood at Rs 78 per sq. ft.

16th August 2025 , Agra, India: The Hazelnut Factory, a rapidly expanding speciality coffee, artisanal sweets and café brand rooted in Lucknow, now proudly unveils its 15th outlet in the heart of Agra, inviting guests to experience a unique fusion of artisanal mithai, coffee and cultural heritage.

The launch of THF was made even more special by the presence of our esteemed Chief Guest, Smt. Hemlata Diwakar, Hon’ble Mayor of Agra Municipal Corporation, who inaugurated the outlet on August 12th, 2025, with a ceremonial ribbon cutting & she was welcomed by Mr. Ankit Sahni (Founder & CEO of The Hazelnut Factory) & Mr. Badal Sahni (Co-founder & COO of The Hazelnut Factory)

THF’s aesthetic inspiration lies in the charm of European cafés, brought to life with a distinctly Indian sensibility. The iconic blue interiors exude warmth, creating an inviting space that resonates with the brand’s ethos: The Joy of Crafting the Best. Every product at THF reflects this philosophy—whether it’s their single-estate coffee sourced from Chikmagalur, the signature artisanal mithai like the trademarked Labon™, or their indulgent pastries that marry global techniques with local flavours.

This edition focuses on Baklava, a reimagined dessert rooted with regional flavours, crafted to complement The Hazelnut Factory’s finest coffee blends. It’s a sensory celebration—where taste, texture, and tradition converge.

As part of its latest cultural campaign, THF playfully imagines Emperor Shahjahan stepping into the café. The message? Even Shahjahan would’ve loved our coffee. It’s royal drama meets contemporary charm—an invitation to experience Agra’s legacy through a modern lens.

“With every new outlet, we aim to deepen our connection with the city’s soul. Agra’s legacy deserves more than admiration—it deserves participation. Through Contemporary interiors and our cultural campaign, we’re inviting people to not just drink coffee, but to experience heritage.”— Ankit Sahni, Founder & CEO, The Hazelnut Factory

Currently serving over 150,000 customers monthly across 12+ locations in Delhi NCR and Uttar Pradesh, THF has seamlessly integrated itself into the lives of its patrons. From casual coffee dates to celebratory moments, THF offers a menu that bridges tradition and modernity. Innovative takes on mithai and a diverse selection of patisserie treats make it a preferred destination for both everyday indulgences and special gifting occasions.

Hyderabad/Tirupati, Aug 16, 2025: Amara Raja Energy and Mobility Limited (ARE&M), a comprehensive solutions provider in the Energy & Mobility space, (BSE: 500008 & NSE Code: ARE&M) today, reported profit before tax of ₹ 261 Cr for the Q1 of FY26, registering a growth of 16% QoQ.

The Earnings per Share (EPS) for Q1 of FY26 is at Rs 10.60

Standalone financial performance highlights:

                                                                                                                          Rs. in crores

The revenue growth was aided by robust OEM demand across 4W and 2W segments and healthy volumes in the aftermarket segment. The new energy business was driven by volumes in the stationary business.

Speaking on the results, Mr. Harshavardhana Gourineni, Executive Director- Automotive and Industrial, said, “Q1 witnessed a robust demand from OEMs across 4W and 2W segments, and healthy volumes in the aftermarket segment led to overall growth in domestic revenues by 10%+. In addition, our HUPS and tubular batteries business delivered strong seasonal performance, while our allied business gained market momentum and penetration. In the industrial segment, we had strong traction in UPS/data centre with 13% growth. We are poised to sustain and enhance these growth rates as we go forward.”

 Mr. Vikramadithya Gourineni, Executive Director – New Energy Business informed, “We have seen strong growth in volumes driven majorly by stationery segment even as the work on our Giga Factory-1 in Telangana is on track. The Telecom sector has seen an accelerated shift to lithium, and we are optimistic in maintaining our market leadership through any technology transition.”

Mr. Jayadev Galla, Chairman and Managing Director said, “Amidst the ongoing geopolitical tensions and global turmoil, we have seen significant growth in revenue and profits quarter on quarter. The Lead Acid Business continues to deliver strong results with good traction from various segments, while the New Energy Business continues to grow, with the construction of our giga factory progressing as per our projections.”

Bengaluru, August 14, 2025: JSW MG Motor India inaugurated a new state-of-the-art showroom in Bengaluru Urban. Built over an area of 7000 sq. ft with 7 cars layout area, the newly inaugurated showroom will have the futuristic and technologically advanced product line up of MG at display. Car buyers can experience the popular models like MG Hector, Astor, Gloster and acclaimed EV line up – Comet, ZS EV and India’s best-selling Windsor EV at MG ARRTHA CARS, SY No -98/5, Kogilu Cross Service Road, Yelankha, Bengaluru.

The expansion of JSW MG Motor India’s network aligns with its strategic vision to offer the exceptional overall buying and ownership experience. With this inauguration, the company now has 14 touchpoints in the state of Karnataka.

Commenting on the occasion, Anurag Mehrotra, Managing Director, JSW MG Motor India, said: “We are delighted to expand our network in Karnataka, which continues to be one of our most important markets, accounting for a significant share of our overall sales. With our new showroom in Bengaluru, we aim to bring our customers even closer to MG’s unique blend of futuristic products and a customer-centric approach that ensures a seamless sales and aftersales experience.”

The inauguration also coincides with MG Motor’s 6th anniversary in India, a journey that began in 2019 with the launch of the MG Hector and has since expanded to include popular models like the MG Astor, MG ZS EV, MG Gloster, MG Windsor and now the MG Windsor PRO. To mark the milestone, limited-period offers are being extended across select models, including the Hector and Astor, making advanced technology and premium SUVs more accessible to a wider audience.

Speaking at the launch, Nikita Paraamesh, Dealer Principal, MG Arrtha Cars, said: “We are proud to partner with JSW MG Motor India and bring their full range of vehicles and services to Bengaluru. This facility will offer customers a truly unique buying experience while showcasing MG’s commitment to sustainable and future-ready mobility.”

By – Dr. Sangeeta Chhabra is the Co-Founder & Executive Director of AceCloud (a brand of RTDS )

“As India marks its 79th Independence Day, we are ever more geared to take on the responsibility of building a future powered by innovation, equity, and opportunity. Today, India stands tall on the global digital stage, propelled by AI, cloud, and data — yet the true measure of progress lies in how we prepare our people for it.

It is, hence, imperative that we reimagine education, accelerating reskilling, and embedding AI literacy across every segment of society. At AceCloud, we are committed to democratizing tech learning for our employees. We offer every associate self-paced access to 10,000+ Udemy courses spanning GenAI, cloud, data science, cybersecurity, leadership, and more. Our AI-powered career platforms craft personalized growth paths, enriched by real-world mentorship and exposure.

In order to be a tech superpower, bridging the skilling gap must be central to India’s ambitions. While initiatives like the Atal Innovation Mission lay the groundwork, the private sector must stand as an equal partner. By nurturing future-ready skills and a culture of lifelong learning, we can strengthen India’s position as a technology powerhouse and magnet for global investment.”

Mumbai, 14^th, August, 2025: To mark India’s 79th Independence Day, Škoda Auto Volkswagen India Private Limited (SAVWIPL), in partnership with SaveLIFE Foundation, announced the successful completion of a two-year Zero Fatality Corridor programme on the Agra–Etawah–Chakeri section of National Highway 19 in Uttar Pradesh. SaveLIFE Foundation’s ZFC approach has built a replicable and scalable model for reducing road crash deaths through a multi-faceted and evidence-based approach involving the 4Es – Engineering, Emergency Care, Enforcement, and Education for road safety.

As a result, the ‘Surakshit Sadkein, Surakshit Bharat’ initiative has reduced road crash fatalities by 7.5% compared to the baseline year, enhancing road safety for over 7.2 lakh commuters.

The programme, launched in November 2022, targeted one of India’s most high-risk corridors by introducing engineering safety improvements, deploying electronic enforcement tools, installing locally-relevant and effective signage, and strengthening trauma care systems. The project team collaborated closely with the National Highways Authority of India (NHAI), the Uttar Pradesh Police, the Transport Department, the State Road Safety Committee, and local administrations to deliver lasting change and establish a scalable proof of concept for adoption in other locations.

Key outcomes include:

• Rectification of 7,000+ engineering hazards from over 16,000 identified
• Strategic safety upgrades such as crash barriers, speed calming measures, and improved pedestrian facilities
• 300+ first responders trained in Basic Trauma Life Support (BTLS)
• 150+ commercial vehicle drivers trained in anticipatory driving techniques
• Awareness campaigns reaching through outdoor media and local outreach, including 13 strategically placed billboards and dhaba branding for targeted community impact.
• Informative pamphlets in Hindi and English were distributed to road users, offering clear safety guidelines for the redesigned intersection

Piyush Arora, Managing Director & CEO, SAVWIPL, said: “For us, progress in the automotive sector is as much about building safer communities as it is about innovation. The Group takes safety seriously — our Made-in-India models have achieved full 5-star safety ratings, and we are committed to extending that safety beyond our cars to the roads we share. The NH 19 Zero Fatality Corridor with SaveLIFE Foundation shows that when engineering, enforcement, training, and awareness come together, lives are saved. This measurable impact strengthens our vision of a self-reliant India, where independence also means the freedom to travel without fear.”

This is the second Vision Zero Fatality Corridor project supported by SAVWIPL, following the Mumbai–Pune Highway initiative, which achieved a 61% reduction in fatalities. With proven solutions now integrated into government systems, the NH 19 model provides a blueprint for scaling road safety measures across India.