Author: Bureau

DP World reported record financial results for 2025, with revenue rising 22% year-on-year to $24.4 billion and adjusted EBITDA increasing 18% to $6.4 billion, reflecting strong performance across its Ports & Terminals and Logistics businesses. The company’s EBITDA margin stood at 26.3%. Total group throughput increased 5.8% to 93.4 million twenty-foot equivalent units (TEU), while profit for the year rose 32.2% to $1.96 billion. Operating cash flow also grew by 14% to $6.3 billion, supported by improved operational efficiency and disciplined cost management. Commenting on the results, H.E. Essa Kazim, Chairman of DP World, said the company’s diversified business model…

Lemonn, the stock broking and investment platform, today announced the launch of SmartInvest, algorithmic investment strategy designed to make algo trading accessible to retail investors and traders. Algorithmic trading has traditionally remained a complex and niche product, largely limited to sophisticated traders who have the technical expertise to design, test, and deploy their own strategies. Retail investors and traders, despite growing interest, have had limited access to simplified, compliant, and ready-to-use algo solutions. This challenge exists even as India’s algorithmic trading market continues to expand rapidly. SmartInvest aims to bridge this gap. “While interest in equity investing has grown significantly, execution…

Aster DM Healthcare has received overwhelming support from shareholders and creditors for its proposed merger with Quality Care India Limited (QCIL), marking a key step toward creating one of India’s largest hospital networks. The company announced that 96.68% of shareholders voted in favour of the Scheme of Amalgamation, along with strong support from minority shareholders and creditors. The transaction had earlier secured approvals from the Competition Commission of India (CCI) and stock exchanges. The merger is expected to be completed in the next quarter, subject to remaining statutory and regulatory approvals, including clearance from the National Company Law Tribunal (NCLT).…

Bengaluru: Education company PhysicsWallah (PW) has expanded its presence in Bengaluru with the inauguration of a new tech-enabled PW Vidyapeeth centre in Rajarajeshwari Nagar. PW Vidyapeeth offers tech-enabled offline centres where students attend in-person classes led by experienced teachers. The new PW Vidyapeeth centre is located at 2nd floor, No. 466/A, Ideal Homes Township, 80 Feet Road, Kenchenhalli, Rajarajeshwari Nagar, Bengaluru, Karnataka – 560098.PW’s other existing Vidyapeeth centres in the city are situated in JP Nagar, Whitefield, Banaswadi, Yelahanka, Rajajinagar and HSR Layout – Harlur Road. Ankit Gupta, CEO of Vidyapeeth-Offline, PhysicsWallah (PW) said, “At PW, we always try to find avenues of making…

Human Mobile Devices (HMD) has announced a strategic collaboration with Flipkart to introduce its 2026 smartphone line-up in India. As part of the partnership, HMD’s first smartphone launch of the year will take place on Flipkart, which will serve as a key e-commerce partner alongside other online and offline retail channels. The collaboration aims to expand HMD’s reach in India by leveraging Flipkart’s extensive consumer base, strong logistics network and deep understanding of the Indian smartphone market. Through this partnership, HMD plans to make its upcoming devices more accessible across metro cities as well as Tier 2 and Tier 3…

Fortune Primero has recorded strong early demand for its residential project ‘Seven Sarjapur’, achieving ₹215 crore in pre-launch sales with 172 homes booked within 48 hours. The development, located in Bengaluru’s eastern corridor, recently received RERA approval and witnessed significant buyer interest during its initial access phase. The project generated more than 400 enquiries and over 300 walk-ins, highlighting the continued strength of Bengaluru’s residential real estate market. Demand remains particularly strong in emerging micro-markets such as Sarjapur, which benefit from proximity to major IT hubs, growing social infrastructure and improving connectivity. Bengaluru continues to rank among India’s most resilient…

Trontek has announced plans to create more than 500 new jobs by FY27 as demand for lithium-ion batteries accelerates across India’s electric mobility and energy storage sectors. The hiring initiative will expand the company’s workforce from 967 to nearly 1,400 employees, marking one of the largest recruitment phases in the company’s two-decade journey. The new roles will be primarily focused on manufacturing, battery engineering, research and development, quality systems, logistics and service operations. The expansion comes as lithium-ion adoption gains momentum across electric two- and three-wheelers, rooftop solar installations and distributed energy storage solutions—segments that are increasingly shaping India’s clean…

DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH – and Citi have jointly announced a co-financing package of USD 76 million for Shriram Finance Limited, aimed at strengthening financial inclusion, rural development and climate-aligned mobility across India. The financing combines a €40 million loan from DEG and a ₹260 crore loan from Citi. Citi also acted as the lead arranger and coordinator for the transaction. The funding will help Shriram Finance expand credit access to key underserved segments of India’s economy. DEG’s financing will primarily support lending to Micro, Small and Medium Enterprises (MSMEs), electric vehicle (EV) financing, women borrowers and…

Reliance Retail Limited has completed the acquisition of the brand ‘Pahadi Local’ along with its business from Pahadi Goodness Private Limited. The acquisition marks Reliance Retail’s continued focus on building and scaling purpose-driven Indian beauty and wellness brands rooted in authenticity and sustainability. ‘Pahadi Local’ is an emerging beauty and wellness brand inspired by Himalayan traditions and indigenous ingredients. The brand has built a strong consumer base through nature-led formulations, conscious sourcing practices, and a focus on clean, minimal-processing skincare solutions. Founded with the aim of bringing the purity of Himalayan ingredients into everyday personal care, the brand combines traditional…

The aerospace division of Bharat Forge Ltd. today inaugurated a state-of-the-art Landing Gear Components Machining Facility in Mundhwa, Pune (India), developed in collaboration with Liebherr-Aerospace & Transportation SAS. This milestone positions Bharat Forge among the first companies in India, and one of the first at scale – to operate OEM-approved landing gear components machining capabilities. It integrates advanced machining centres dedicated to high-precision landing-gear components and marks a significant step towards advancing India’s aerospace manufacturing ecosystem and strengthening the country’s role in global aerospace supply chains. The inauguration ceremony was attended by senior dignitaries from Liebherr-Aerospace, including Mr. Martin Wandel (Managing Director and Chief…