Business

18 Mar

Centum Electronics shares jump 5%, company raises Rs 210 crore through QIP

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Centum Electronics shares rose over 5 percent on March 17 and closed at Rs 1,350 per share. This development comes after the company announced that it has raised Rs 210 crore through its qualified institutional placement (QIP). Notably, Prashant Jain's 3P India Equity Fund acquired 3.52 percent stake (over 5.17 lakh equity shares) in the company by participating in the QIP. This took the firm's total stake in the company to 5.47 percent. The company announced that the QIP comprises 18.10 lakh shares at an issue price of Rs 1,160 per equity share. However, this is around Rs 60 lower…

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17 Mar

Xiaomi 15 Series launched in India; pre-booking starts March 19 with exclusive benefits

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Xiaomi India has unveiled the Xiaomi 15 Series, featuring the Xiaomi 15 and Xiaomi 15 Ultra, marking a major leap in smartphone photography. The flagship Xiaomi 15 Ultra, co-engineered with Leica, will be available for early access through ‘The Inner Circle Sale’ on March 18 at 12 Noon exclusively on mi.com. Pre-bookings for the Xiaomi 15 Series commence on March 19 across mi.com, Amazon.in, and authorized retail stores, running until April 2. Customers pre-booking the Xiaomi 15 Ultra will receive benefits worth ₹21,999, including the Photography Kit - Legend Edition, while Xiaomi 15 pre-bookings come with benefits worth ₹10,999, including…

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17 Mar

Polymatech Electronics unveils Sapphire Ingots, 6G Telecom Die at ISPEC 2025 in Gujarat

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Polymatech Electronics, India’s first opto-semiconductor company, launched its latest semiconductor innovations at ISPEC 2025, held at Mahatma Mandir, Gujarat. The event witnessed the unveiling of Sapphire Ingots, Sapphire Wafers, and the 6G Telecom Die by Gujarat Chief Minister Bhupendra Rajnikant Patel, alongside Polymatech CEO and MD Eswara Rao Nandam and ECM Greentech General Manager Anis Jouini. Polymatech’s new Sapphire Ingots and Wafers are designed for critical applications in LED substrates, power devices, RF mobile components, and semiconductor wafers used in high-frequency and microwave technologies. Their high thermal conductivity, mechanical strength, and optical transparency make them essential for aerospace and military…

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17 Mar

NSDC, AIU join hands to revolutionize academic credential verification in India

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The National Skill Development Corporation (NSDC) and the Association of Indian Universities (AIU) have signed a Memorandum of Understanding (MoU) to streamline academic credential verification and integrate skill-based education into higher learning institutions across India. The collaboration will establish a technology-driven verification system leveraging the National Academic Depository (NAD) and institution-level data. This initiative aims to enhance transparency, curb fraudulent practices, and improve international trust in Indian academic and skill credentials. The NSDC Trust Platform will serve as the backbone for authentication, allowing universities and employers to verify qualifications efficiently. ShriVed Mani Tiwari, COO (Officiating CEO), NSDC & MD, NSDC…

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17 Mar

Singapore’s February exports rise 7.6% on year, below forecast

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SINGAPORE - Singapore's non-oil domestic exports rose 7.6% in February from the same month last year, government data showed on Monday, boosted by growth in sales of both electronics and non-electronics. The increase was against a Reuters poll forecast of an 8.7% rise and followed a 2.1% decline in January.The statement from Enterprise Singapore did not include details of the month-on-month seasonally adjusted change in exports. Shipments to the United States, Taiwan, South Korea, Malaysia and the European Union rose on a yearly basis in February, while exports to China, Hong Kong and Indonesia declined.

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14 Mar

Glenmark Pharma expands cardiometabolic portfolio with launch of Glempa range in India

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Glenmark Pharmaceuticals Ltd., a research-driven global pharmaceutical company, has expanded its cardiometabolic portfolio in India with the launch of Empagliflozin and its fixed-dose combinations (FDCs) under the brand names Glempa, Glempa-L, and Glempa-M. The move aims to provide effective treatment solutions for type 2 diabetes mellitus (T2DM) while addressing cardiovascular risks. Empagliflozin, a widely recognized SGLT2 inhibitor, has been shown to improve glycemic control, support weight loss, and reduce cardiovascular-renal risks in T2DM patients. Clinical studies highlight its benefits, including a 14% reduction in major cardiovascular events as per the EMPA-REG trial. The new Glempa range offers multiple treatment options:…

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13 Mar

Glenmark Nutrition Awards 2025 honours innovations in malnutrition fight

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The Glenmark Foundation, in collaboration with IDOBRO, UN Global Compact Network India, and IMPAct4Nutrition, successfully concluded the 5th edition of the Glenmark Nutrition Awards 2025. The event recognized groundbreaking initiatives addressing malnutrition across India, with 403 entries from 22 states covering 168 districts. MA distinguished jury, chaired by Dr. RajuJotkar, Senior Consultant at the Mother-Child Health & Nutrition Mission, evaluated the entries. The winners included Baikunthapur Tarun Sangha from Sundarbans, West Bengal (Rural NGO category), SNEH Foundation from Pune, Maharashtra (Urban NGO category), and Mahavir International Foundation Trust from Jaipur, Rajasthan (Other category). Each organization received a grant of ₹2,00,000…

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13 Mar

Holi Ka Rang, Thandai Ke Sang—Chef Harpal& Godrej Vikhroli Cucina bring you a festive treat!

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Celebrity Chef Harpal Singh Sokhi has teamed up with Godrej Vikhroli Cucina, the owned media platform of Godrej Industries Group (GIG), to bring a vibrant yet natural twist to Holi celebrations. In a special Instagram video, Chef Harpal demonstrates how to prepare Thandai using Godrej Jersey Milk, ensuring rich flavors without artificial food dyes. Traditionally, festive foods have been infused with synthetic colors, but Chef Harpal challenges this trend by creating Thandai in four dazzling natural shades. From saffron’s golden hue to the deep pink of rose petals, the rich green of pistachios, and the striking blue of blueberries—nature offers…

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13 Mar

Salman Khan joins Indian Supercross Racing League as brand ambassador

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Bollywood superstar Salman Khan has been announced as the official brand ambassador for the Indian Supercross Racing League (ISRL) as it gears up for a grander Season 2. The move is expected to catapult the league into mainstream sports entertainment, leveraging Khan’s widespread appeal across urban and rural India. Expressing his excitement, Salman Khan said, "I am very excited to be a part of something I am truly passionate about—motorcycles and motorsports. The league has immense entertainment value and captures the spirit of igniting passion, showcasing skill, and creating heroes who will inspire the next generation." Season 1 of ISRL…

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13 Mar

Adobe shares decay 5% in extended trading on sluggish revenue outlook and focus on AI tools

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Adobe Inc. gave a disappointing forecast for revenue growth in the current quarter despite a recent focus on monetizing its new generative artificial intelligence features. Sales in the period ending in May will be $5.77 billion to $5.82 billion, the company said in a statement Wednesday. Analysts, on average, projected $5.8 billion. Excluding certain items, profit will be $4.95 per share to $5 per share, while the average projection is $5. Adobe, a top maker of software for creative professionals, is incorporating its AI model, Firefly, into apps such as Photoshop and Premiere. Investors have debated whether generative AI will…

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