Author: Bureau

Key Highlights 27th January 2026: Raymond Lifestyle Limited today announced its unaudited financial results for the quarter ended 31st December 2025. Particulars (₹ Cr.)Q3FY26Q2FY26Q3FY25YoY9MFY269MFY25YoYTotal Income1,8831,8651,7965%5,2234,7809%EBITDA27125922123%65255218%EBITDA Margin %14.4%13.9%12.3% 12.5%11.6% PBT (before exceptional items)1181088736%20116820%PBT Margin (before exceptional items)6.3%5.8%4.9% 3.9%3.5% Raymond Lifestyle Limited continues to deliver a good Q3 performance, with a Y-o-Y growth of 5% and a Total Income of ₹ 1,883 Cr. This growth was sparked by robust domestic demand, driving substantial volumes in our Branded Textile and Apparel divisions. Despite a strategic increase in marketing spend intended to bolster long-term brand equity, we delivered an EBITDA of ₹271 Cr at a margin of…

In a proud milestone, ZOLT, the indigenous tactical unmanned aerial vehicle (UAV) by ideaForge Technology Limited, will be showcased at India’s 77th Republic Day Parade, marking a key moment for India’s indigenous defence manufacturing ecosystem. A multi-role tactical UAV, ZOLT is designed for long-range Intelligence, Surveillance and Reconnaissance (ISR) missions and precision payload delivery. Additionally, the company has further strengthened its intellectual property portfolio with the filing of 100 global patent applications, marking a defining moment in its innovation journey. As electronic warfare becomes a defining feature of modern battlefields, India’s defence UAV ecosystem is rapidly evolving to meet new…

Raymond Lifestyle Ltd has appointed Satyaki Ghosh as Chief Executive Officer, marking a key step in strengthening the company for its next phase of growth. With over 25 years of leadership experience across FMCG, textiles, and consumer businesses, Ghosh joins from the Aditya Birla Group, where he most recently led the Cellulosic Fashion Yarn business at Grasim Industries. Commenting on the appointment, Gautam Hari Singhania, Chairman of the Raymond Group, said the leadership change comes at a pivotal time as domestic consumption rises and global opportunities expand. Ghosh, who has also held senior roles at L’Oréal India, said he looks…

Bengaluru: Ampere, the electric two-wheeler brand of Greaves Electric Mobility, has launched the Magnus G Max, a new electric scooter designed to meet the everyday commuting needs of Indian families. Priced at an introductory ₹94,999, the scooter offers a real-world range of over 100 km and a spacious 33-litre under-seat storage, making it a practical choice for daily use. Powered by a 3 kWh LFP battery with a 5-year/75,000 km warranty, the Magnus G Max delivers reliable performance with a top speed of 65 kmph and multiple riding modes. Built to handle varied Indian road conditions, the scooter combines durability,…

Bengaluru: Convertway, Unicommerce’s marketing automation platform for e-commerce and D2C brands, has introduced Catalyst, a bilingual AI-powered voice agent designed to reduce cart abandonment and improve checkout conversions. As online shopping abandonment rates continue to exceed 70% globally, Catalyst addresses last-mile purchase hesitation by initiating instant, automated voice calls when a customer drops off at checkout. The AI engages shoppers in natural, human-like conversations, understands the reason for hesitation, answers queries related to pricing, delivery, or payments, and nudges them to complete the purchase—without manual intervention. The solution also targets India’s heavy reliance on cash-on-delivery, a key contributor to higher…

Bengaluru: Moglix has launched Cognilix, an AI-led operating system designed to simplify and unify B2B procurement, supply chain management, and enterprise commerce. The company also announced a planned investment of $5 million to build advanced AI products and industry-focused solutions on the Cognilix platform. Developed from Moglix’s large-scale operating experience spanning $40Bn+ in transactions, 45,000+ suppliers, and operations across 80+ countries, Cognilix brings procurement, inventory, suppliers, and sales onto a single intelligence layer. The platform integrates seamlessly with existing ERP systems, enabling enterprises to move from fragmented decision-making to connected, real-time operations. Cognilix automates procurement through AI-driven workflows such as…

Shadowfax Technologies Limited has announced that its Initial Public Offer (IPO) will open for subscription on Tuesday, January 20, 2026, and close on Thursday, January 22, 2026. The anchor investor bidding will take place on Monday, January 19, 2026. The company has fixed the price band at ₹118 to ₹124 per equity share of face value ₹10. Investors can bid for a minimum of 120 shares, and in multiples thereof. The IPO aggregates up to ₹1,907.27 crore, comprising a fresh issue of shares worth ₹1,000 crore and an offer for sale of ₹907.27 crore by existing shareholders. The equity shares…

The Wealth Company, part of the Pantomath Group, has announced the appointment of Balram Bhagat as Managing Partner – Products & Pension. A seasoned leader with over three decades of experience in the pension and mutual fund industry, Mr. Bhagat was previously the founding CEO and Whole-time Director of UTI Pension Fund Ltd., where he played a key role in scaling the fund to over ₹4,00,000 crore in assets under management under the National Pension System. His tenure was marked by strong governance, product innovation, and multiple national and global recognitions. Earlier in his career, Mr. Bhagat held senior roles…

Kolte-Patil Developers Limited has entered into a joint development agreement for a ~1.1 million sq. ft. residential project in Bhugaon, Pune, with an estimated Gross Developable Value (GDV) of approximately Rs. 850 crore. Bhugaon is fast emerging as a preferred residential micro-market, offering a balance of natural surroundings and strong urban connectivity. The project site benefits from proximity to established localities such as Bavdhan and Kothrud, along with easy access to the Mumbai–Pune Expressway, Shivaji Nagar railway station, major employment hubs, and robust social infrastructure including schools, hospitals, and retail destinations. Commenting on the development, Rajesh Patil, Managing Director, said…

Ayekart, India’s first full-stack, farm-to-fork digital infrastructure company, has appointed Vikas Varma as Strategic Advisor & Mentor, reinforcing its leadership as it scales its technology-led agri-food ecosystem. In this role, Varma will work closely with the founding team to guide Ayekart’s growth across go-to-market strategy, commercialisation, partnerships, governance, talent development, and the evolution of a resilient technology architecture aligned with the company’s long-term vision. A seasoned technology and fintech leader with over three decades of experience, Varma has held senior leadership roles across payments, cybersecurity, SaaS, and consumer technology. As former COO – South Asia at Mastercard, he played a…