Sammyukk Launches Timeless Summer 2025 Collection
Sammyukk is pleased to introduce the release of its much-awaited Summer 2025 Collection, Effortless Style for Modern Men & Women. Sammyukk has wonderfully merged traditional art and historical inspiration this season to present a sophisticated collection that is appropriate for modern people. Inspired by the Art Nouveau period, Renaissance paintings, Egyptian pharaohs, and the mythological Tudor Rose, the collection presents a contemporary take on the ancient styles, adding sophistication to a new light.
The range holds a series of unique pieces, each of artistic and cultural value. The Renaissance Crown Embroidered Pleated Shirt, drawing inspiration from Renaissance Roman and Greek art, unites the luxury of traditional design with modern-day sophistication. The Pleated Collar Embroidered Slim-Fit Shirt, drawing inspiration from the grandeur of ancient Egyptian Pharaohs, offers a clean, fitted look with intricate embroidery that expresses both power and elegance.
A tribute to Cleopatra and the heritage of the Kingdom of Egypt, Sammyukk’s Renaissance Crown Embroidered Pleated Shirt and Pleated Collar Embroidered Shirt both showcase delicate details that remind one of the regal beauty of this ancient queen. These items, with their rich pleats and meticulous embroidery, embody the strength and beauty of Egypt’s most renowned majesty.
The best work in the collection is the Tudor Rose-styled Pleated Floral 3D Embroidered Shirt, England’s traditional floral heraldic symbol. It represents strength and unity, wonderfully embroidered with 3D flower designs in an awe-inspiring depiction, infusing depth and dimension into the line. In the same manner, the Floral Vine 3D Embroidered Short Dress honors the beauty of Renaissance flower designs, transposing the elegance of days past into modern style with gorgeous floral vine embroidery adding crisp, feminine flair.
Ms.Samiha Jha, Director and Founder of Sammyukk says “Fashion is a continuously changing art of expression, and our Summer 2025 Collection embodies the essence of ageless artistry, We aimed at designing pieces that are beyond time, fusing history and current style to give something truly extraordinary and special for our clients.”
Sammyukk Summer Collection 2025 is for the person who appreciates the mixing of historical artwork and modern fashion. With clothes that have luxurious details, high-quality craftsmanship, and traditional design motifs, this collection gives a relaxed style for males and females.
We as a brand, are all about exclusivity and individuality, rather than investing in mass production, we produce limited inventory that embodies fearless and bold fashion statements. We appreciate customers who take on edgy fashion styles to heart and personalize them. Our goal is to serve those who do not blend in and be their authentic selves.
India’s Solar Sector Hits 60 GW with Domestic Manufacturing Rubix Data
Mumbai, March 18, 2025: Rubix Data Sciences, a leader in risk management and monitoring, has released an insightful sectoral report on India’s solar energy landscape, highlighting the country’s remarkable progress in renewable energy. As India aims to achieve its ambitious goal of 500 GW of clean energy capacity by 2030, the report provides an in-depth analysis of key growth drivers, policy initiatives, and market dynamics shaping the nation’s solar sector.
India’s solar sector is expanding rapidly, having surpassed the 100 GW installed capacity milestone – an achievement that places it among the world’s top solar energy producers. Over the past decade, solar capacity has grown at an impressive 38% compound annual growth rate (CAGR), now accounting for over 60% of the country’s total renewable energy portfolio. In FY2024 alone, India added a record 24.5 GW of solar capacity, more than double the previous year’s installations. The report also highlights a shift toward self-reliance, with solar module imports from China declining from over 90% in FY2022 to 65% in FY2024, while exports surged 23-fold, while exports surged 23-fold touching nearly USD 2 billion in FY2024. These developments underscore India’s growing influence in the global renewable energy sector.
Commenting on the findings, Mohan Ramaswamy, Co-Founder and CEO of Rubix Data Sciences, said, “India’s progress in solar energy is remarkable, as we continue to grow rapidly and expand our capabilities. By focusing on local manufacturing and reducing dependence on imports, we are paving the way for a cleaner, more sustainable future. The opportunities ahead are immense, and we are committed to driving innovation in this exciting sector. The pace and presence of the industry is irrefutable, and with relentless efforts, India is already on its way to becoming a global clean energy leader.”
As India continues to expand its renewable energy capacity, the outlook for the solar sector remains strong. With increasing government support, foreign investments, and technological advancements, the country is well on track to achieving its ambitious clean energy targets. Rubix Data Sciences remains committed to delivering valuable industry insights, helping businesses and policymakers make informed decisions in the renewable energy space.
Property Prices in NCR Outpace Rentals Sohna Road & Noida Sector-150 Lead
New Delhi: Property prices in key NCR micro-markets have surged significantly over the past three years, outpacing rental growth in many areas. According to ANAROCK data, Noida’s Sector-150 recorded an extraordinary 128% rise in capital values between 2021-end and 2024-end, while rental values for a standard 1,000 sq. ft. 2BHK unit increased by 66% in the same period. Sohna Road in Gurgaon saw capital appreciation of 59%, with rental values rising by 47%.
Among India’s top seven cities, NCR, Hyderabad, and MMR saw higher capital value growth compared to rental values. In contrast, key markets in Pune, Kolkata, and Chennai experienced stronger rental value appreciation than capital value growth.
The divergence between capital and rental value growth in NCR highlights emerging investment patterns. Buyers looking for long-term gains find greater appreciation in Noida’s newer sectors, while tenants still benefit from relatively moderate rental growth in established localities.
While Noida’s Sector-150 led the capital appreciation chart, rental growth remained relatively subdued. Similarly, Sohna Road’s rental increase of 47% was modest compared to its 59% capital value rise.
Director of GLS Group, Surinder Singh said “Gurgaon continues to solidify its position as a top real estate destination, driven by robust infrastructure, seamless connectivity, and high demand for premium housing. With rapid urbanization and upcoming developments, the city offers immense investment potential for homebuyers and investors alike. The steady appreciation in property values and the growing appeal of integrated townships highlight Gurgaon’s transformation into a modern, self-sustained urban hub.”
Anuj Puri, Chairman of ANAROCK Group, explains, “Capital values in many NCR markets have seen significant growth over the past three years, making them attractive for investors focusing on long-term appreciation. However, rental yields in some micro-markets are yet to catch up with the capital surge, suggesting a shifting balance in demand and supply.
Transform Your Space with The Great Eastern Home’s French Collection
Transport yourself to an era of grace and grandeur with The Great Eastern Home’s French Collection. Crafted to echo the essence of historic French design, this collection infuses interiors with a regal charm, seamlessly blending classic artistry with enduring elegance.
The Great Eastern Home offers a breathtaking selection of French-inspired furniture and décor, each piece a testament to the legacy of master artisans. From intricately carved chairs and dining sets to ornate cabinets that exude charm, the collection celebrates the beauty of traditional craftsmanship. Elegant vases and lamps add a touch of luminous sophistication, while stately beds and mirrors transport you to the grand salons of France’s aristocratic past. Every item in this collection, from its delicate embellishments to its rich textures, is designed to create an atmosphere of opulence and timeless allure.
Designed to transform rooms into luxurious palatial settings, The Great Eastern Home’s French Collection brings opulent sitting areas adorned with gold leafing and rough texture. From a single statement piece to a full collection for your living room, these pieces allow you to create an atmosphere of unparalleled beauty.
Immerse yourself in the elegance of The Great Eastern Home’s French Collection and enjoy furniture that stands the test of time.
Cargill Honored for Excellence in Food Safety at CII Awards 2024
National, March 18, 2025: Cargill, a global leader in food and agriculture, has been recognized for Outstanding Performance and Strong Commitment in Food Safety at the 15th edition of the Confederation of Indian Industry (CII) Food Safety Awards 2024. The awards, presented at a ceremony in New Delhi highlights Cargill’s ongoing commitment to maintaining the highest food safety standards across its operations.
The company received these recognitions in the ‘Large Manufacturing Food Businesses – Fats & Oils’ category, ‘Outstanding Performance in Food Safety’ for Kurkumbh plant in Maharashtra and ‘Strong Commitment in Food Safety’ for Kandla plant in Gujarat. This honor underscores Cargill’s dedication to stringent food safety protocols, superior quality control, and cutting-edge manufacturing practices. The award was presented by Hashmat Ali Yatoo, IAS, Commissioner of Food Safety and Drugs Administration in Jammu and Kashmir, Mr Minhaj Alam, IAS, Additional Secretary, Ministry of Food Processing Industries, Dr Alka Rao, Advisor – Science, Standards & Regulations Food Safety & Standards Authority of India (FSSAI), and Ms. Kavery Ganguly, Principal Lead, CII Food and Agriculture Centre of Excellence (FACE).
Commenting on the achievement, Mr. Simon George, Managing Director, Cargill Food South Asia, said, “This recognition is a reflection of our team’s unwavering commitment to food safety and quality. At Cargill, we prioritize world-class practices to ensure that our products not only meet but exceed global food safety standards. The Kurkumbh and Kandla plants are a prime example of our efforts in automation, testing, and training, which work together to provide safe, high-quality food to our consumers. We remain dedicated to continuous improvement and innovation in food safety.”
Mr. Sunil Nair, B2B Go-to-Market and R&D and Technical Services & Application Leader added, “We are proud to be recognized for our dedication to food safety excellence. The ‘Outstanding Performance in Food Safety’ Award not only highlights our rigorous standards—exemplified by the success of our Kurkumbh and Kandla plants—but also reinforces our role as a trusted partner in delivering safe, high-quality food solutions to our customers across India.”
The CII Food Safety Awards serve as a benchmark for excellence in food safety across various sectors of the food industry, including Beverages, Dairy, Bakery, Edible Oils, Ready-to-Eat Snacks, and more. The awards evaluate companies based on their adherence to rigorous food safety standards, leadership in implementing food safety measures, and compliance with regulatory and statutory guidelines. The assessment process includes detailed onsite evaluations by a team of experts, ensuring that only the best practices in food safety are recognized.
Cargill’s Commitment to Food Safety
For over 35 years, Cargill has implemented robust food safety mechanisms in India, ensuring compliance through advanced infrastructure, trained personnel, and stringent quality control processes. The Kurkumbh plant, which was the recipient of this year’s award, is a prime example of Cargill’s dedication to food safety. It features state-of-the-art infrastructure, in-house testing facilities, and automated packaging lines that minimize manual intervention, ensuring product safety at every stage.
Cargill’s Product Safety, Quality, and Regulatory Policy adheres to Indian food safety and international standards, ensuring product safety, quality, authenticity, and regulatory compliance. In addition, the company has a Continuous Improvement Production Excellence (CIPE) team that is dedicated to enhancing quality management programs and processes across all products and services. Cargill’s continuous focus on food safety has earned it multiple accolades at the CII Food Safety Awards.
In 2023, the company received two awards for ‘Significant Achievement in Food Safety’ for its Kurkumbh and Davangere plants. This year’s recognition for the Kurkumbh and Kandla plants further validates Cargill’s leadership in food safety and its continued commitment to excellence.
The CII Food Safety Award, with its emphasis on Food Safety Maturity Assessment, serves as a symbol of credibility and pride in the industry. It recognizes and celebrates the capacity-building efforts of organizations and promotes the adoption of internationally benchmarked food safety practices.
Moneycontrol Global Wealth Summit Explores India’s INR 10 Trillion Market Cap
Mumbai | March 18, 2025: Held on 7th March, Friday in Mumbai, the Moneycontrol Global Wealth Summit 2025 centred around the theme ‘Next Wave Of Wealth Creation: India’s $10 Trillion Market-Cap Opportunity.’ The summit served as a key platform for global investors, business leaders, strategists, and policymakers to discuss India’s emerging market trends and investment opportunities.
As the world’s fastest-growing major economy, India is navigating global market volatility, geo-economic shifts, and a post-boom stock market. Against these dynamics, the Global Wealth Summit 2025 facilitated high-impact discussions on economic growth, policy shifts, and strategies for long-term wealth creation.
Nalin Mehta, Managing Editor, Moneycontrol, set the tone by highlighting India’s financial evolution, emphasizing that Demat accounts surged from 22 million in 2014 to 185 million today, while India’s IPO activity led globally, raising $19.2 billion last year – more than double that of China. “A decade ago, India was the world’s 10th largest economy. Today, we are the 5th and on track to becoming the 3rd. Our equity markets have quadrupled in size, and financial participation is deepening, with nearly half of mutual fund assets coming from beyond India’s top cities,” Mehta said.
Howard Marks, Co-Chairman & Co-Founder, Oaktree Capital Management, shared insights on ‘Macros, Micros & Market Cycles’, stressing that interest rates today are not high in absolute terms but are returning to historical norms. “For over a decade, investors got used to near-zero interest rates, but that was the exception, not the rule. A healthy economy doesn’t need ultra-low rates or extreme hikes – it needs balance. Investors should prepare for moderate rates instead of waiting for past anomalies,” he said.
SEBI Chairman Tuhin Kanta Pandey outlined the next phase of market regulation, governance, the importance of transparency and investor confidence. “Maintaining trust is paramount. SEBI itself must be transparent about conflicts of interest, and we are working on a framework to ensure greater disclosure,” he stated.
“As per IMF estimates, emerging markets are expected to grow at 4.2% in 2025, while India is projected to grow at 6-6.5%. We aspire to accelerate this growth beyond forecasts through Viksit Bharat efforts,” he added.
V. Vaidyanathan, MD & CEO, IDFC FIRST Bank highlighted financial inclusion and digitalisation as key drivers of India’s economic expansion. “The credit-to-GDP ratio in India is expected to rise significantly, presenting both opportunities and responsibilities for banks in ensuring sustainable growth,” he stated.
The Moneycontrol Global Wealth Summit 2025, presented by IDFC First Bank, co-powered by PhonePe, and associate partners World Gold Council, SBI Mutual Fund, and Reliance Industries, featured a series of compelling discussions on key market trends and economic shifts.
Mark Coombs, CEO, Ashmore Group, analysed how Trumponomics is reshaping global capital flows, while David Tait, CEO, World Gold Council, examined the sustainability of gold’s bull run, followed by an insightful session featuring Anish Shah, Group CEO & MD, Mahindra Group, and Neelkanth Mishra, UIDAI Chief & Member, PM Economic Advisory Council, discussing India’s roadmap to a $10 trillion market cap.
A high-powered panel featuring Ashish Chauhan, MD & CEO, NSE; Ananth Narayan, Whole-Time Member, SEBI; Harsh Jain, Co-founder & COO, Groww and D. P. Singh, DMD & Joint CEO, SBI Mutual Fund, provided insights into India’s equity boom, the rise of SIPs & F&Os, and the evolving retail investor mindset.
Beyond traditional markets, the summit featured discussions on cryptocurrencies, REITs, and alternative investments. Daniel Pink, renowned author of The Power of Regret, led a thought-provoking conversation on how reflecting on past decisions can lead to smarter financial choices and long-term success.
Morgan Housel, Author of The Psychology of Money & Same as Ever; Director, Markel Group highlighted that successful investing is more about managing emotions than analysing numbers. He stressed that endurance matters more than short-term gains and that luck plays a bigger role in investing than most people admit. “Markets are driven by narratives. Tesla, for example, produces a fraction of the cars that Volkswagen does but is valued many times higher—that’s the power of a compelling story,” he stated.
He added, “If you cannot control FOMO, you should give up on investing—it’s never going to work. The most successful investors know what they can’t do and stay away from it.”
The summit concluded with a powerful address by Maharashtra CM Devendra Fadnavis, outlining the state’s roadmap to becoming India’s first $1 trillion sub-economy by 2030.
“Maharashtra is the only state that has chased the half-trillion path, and by 2030, we will achieve the $1 trillion milestone,” he affirmed.
Highlighting grassroots financial inclusion, he added, “We launched the Laadli Bahin Yojana, where women receive ₹1,500 per month. In Nagpur, a women-led finance society mobilised ₹30 lakh in small deposits, creating a thriving business model. We are focused on empowering such initiatives.”
With insights from global financial leaders, visionary policymakers, and industry pioneers, the Moneycontrol Global Wealth Summit 2025 provided a definitive platform for shaping the future of wealth creation, investment strategies, and economic resilience. As India charts its path towards a $10 trillion market-cap opportunity, the discussions and perspectives shared at the summit will play a crucial role in navigating this transformative journey.
TimesPro & AWS Drive Innovation with GenAI Hackathon
March 18, 2025: Amazon Web Services (AWS) successfully concluded the inaugural ‘AWS Hackathon’ in Mumbai in collaboration with TimesPro a leading higher edtech platform—an event designed to drive GenAI-powered innovation, accelerate AI adoption, and develop cutting-edge automated solutions. This milestone initiative not only fostered an innovative mindset but also equipped employees with future-ready skills through hands-on experimentation with GenAI technologies.
The three-day hackathon brought together 14 teams comprising over 80 participants, who tackled critical challenges in education and business. Participants developed AI-driven solutions aimed at improving post-class support, automating interview processes, and enhancing competition tracking—key factors influencing learner experience, operational efficiency, and workforce development. The most promising prototypes are set for further refinement to meet production standards and integrate into future product roadmaps.
Among the standout innovations was a GenAI powered resume builder trained on a dataset of 32,000 resumes. This tool enables users to generate professional CVs through text or voice commands in multiple regional languages, significantly enhancing accessibility. Another groundbreaking solution was a GenAI-driven academic companion designed to provide personalised post-class support. This tool assists students with step-by-step answers to queries, generates interactive quizzes, summarises lectures using word clouds and enables precise topic searches with timestamps for efficient revision.
Additionally, an AI-based interview automation platform was developed, featuring proctoring capabilities such as human-object detection and eye-tracking to ensure integrity and efficiency in hiring. The hackathon also produced an AI-driven career guidance tool that helps users define career goals based on their profile and aspirations. By leveraging cutting-edge technologies, including Amazon Bedrock, Claude, these innovations not only addressed pressing business challenges but also provided employees with hands-on experience in AI-driven problem-solving.
Reflecting on the event’s impact, Anish Srikrishna, CEO, TimesPro, stated, “Technology will be the driving force behind all services and the TimesPro-AWS Hackathon is a testament to our commitment to tackling core challenges that shape our industry. Learning is transforming at an unprecedented pace and will be unrecognisable in five years. Our teams have demonstrated remarkable dedication, leveraging GenAI to build innovative solutions that will enhance student learning and drive business impact for TimesPro and the industry. The outcomes of this hackathon will play a pivotal role in shaping the future and we look forward to continued collaboration with AWS to drive innovation.”
AWS played a crucial role in supporting the hackathon, conducting GenAI-centric workshops for TimesPro’s engineers to enhance their AI competencies and providing a robust infrastructure to enable seamless AI and ML integration. A panel of experts, including TimesPro’s leadership, AI specialists, business heads and AWS representatives, evaluated the projects based on criteria such as technical feasibility, business impact and scalability, ultimately identifying the most promising innovations for further development.
The hackathon also served as a foundational step in embedding AI across TimesPro’s digital initiatives. It reinforced TimesPro’s commitment to integrating AI into future projects, ensuring a scalable and customisable approach that caters to specific use cases and extends across partner institutions. Looking ahead, TimesPro aims to deepen its collaboration with premier institutions such as IITs, IIMs and IISc, fostering knowledge exchange and co-creating innovative solutions with a lasting impact.
Delhi-NCR Real Estate Hits INR 1 Lakh Crore Outpaces Hyderabad and Mumbai
Delhi-NCR: The real estate sector in Delhi-NCR has achieved a historic milestone in 2024, surpassing ₹1 lakh crore in housing sales, with Gurugram emerging as the driving force behind this remarkable growth. According to a report by PropEquity, Delhi-NCR has outpaced Hyderabad and Mumbai, reinforcing its position as India’s leading real estate hub.
The surge in housing sales has been fueled primarily by the growing demand for luxury and premium homes in Gurugram. The city’s well-developed infrastructure, improved connectivity, and expanding corporate presence have significantly contributed to this unprecedented rise in real estate transactions.
The shift toward high-end residential properties in Delhi-NCR, particularly in Gurugram, has been notable. Developers are responding to evolving homebuyer preferences by offering world-class amenities, sustainable designs, and integrated lifestyle experiences. This shift has not only propelled record-breaking sales but also attracted substantial investments from both domestic and international players. Key drivers of this growth include enhanced infrastructure and seamless connectivity.
Amit Modi, Director, County Group, said, “The increase in prices and strengthening demand in Delhi-NCR is due to strong infrastructure development, growing corporate presence, and more job opportunities. Recently, there has been a significant rise in office leasing in Delhi-NCR. Additionally, the government’s stance towards real estate is also positive, as evident from the last budget and the subsequent reduction in the repo rate. People are now moving towards luxury homes to improve their lifestyles. As a result, there has been a rapid increase in the demand for homes priced at two crores and above. While this trend is expected to continue, a potential stabilization in prices could emerge if supply aligns with demand and interest rates remain conducive to homebuyers.”
Vishal Sabharwal, Head Sales, Orris Group says, the Delhi-NCR’s real estate boom is the direct impact of infrastructure expansion and strong economic growth. The 63% rise in sales of residential properties highlights the growing demand for properties. This substantial growth is largely attributed to Gurugram, where housing sales escalated to 66%. With the advent of the Dwarka Expressway, upcoming metro extensions, and improved road networks, the city has become even more accessible for businesses and residents. This, coupled with Gurugram’s status as a corporate hub, has fueled an influx of professionals seeking premium housing. As connectivity and commercial activity continue to expand, we foresee Delhi-NCR continuing to remain a key driver of India’s property market.
Umesh Rathore, VP-Sales & Marketing at VVIP Group, emphasized the transformation of Delhi-NCR’s luxury housing segment, particularly in Noida-Greater Noida. He noted, “Luxury real estate in the region has evolved tremendously, driven by robust infrastructure, enhanced connectivity, and an increasing appetite for premium living. Noida-Greater Noida, in particular, offers aspirational homebuyers an ideal blend of opulence and investment potential at competitive prices. With property values appreciating and rental yields on the rise, Delhi-NCR is shaping up as India’s next major luxury real estate destination. As future developments unfold, we aim to create projects that cater to this growing demand in this thriving hub.”
Neeraj Sharma, MD of Escon Infra Realtors, underscored the growing investor interest in Delhi-NCR’s real estate market. “With the Noida International Airport nearing completion, land values along the Noida-Greater Noida and Yamuna Expressway corridors have doubled. The upcoming 3,500-hectare Fintech City and dedicated zones for Japanese and Korean enterprises have further attracted developers to the region. As a result, prices along the Noida Expressway have surged by 66% since 2019. Additionally, private equity firms and REITs are channelling capital into Delhi-NCR’s luxury segment, banking on India’s rapid urbanization.”
Gurugram’s ascent as a premier real estate destination is intrinsically linked to its infrastructural advancements. Improved road networks, the expansion of metro corridors, and the development of the Dwarka Expressway have significantly enhanced connectivity to Delhi and other parts of the National Capital Region. These developments have boosted the region’s desirability, attracting both investors and homebuyers. The surpassing of Hyderabad and Mumbai in sales value further underscores investor confidence in Delhi-NCR’s real estate potential, driven by a flourishing startup ecosystem, a steady influx of multinational corporations, and rapid urban expansion.
As policy support strengthens, infrastructure continues to advance, and demand for luxury housing rises, experts believe that Delhi-NCR’s dominance in the real estate sector will persist, making it a prime location for both residential and commercial investments.
Times Music Acquires Symphony Recording Co. and Arc MusicQ
Mumbai (March 18, 2025): Times Music announces today their acquisition of two leading Indian regional Record Labels – Symphony Recording Co. and ARC Musicq. These two deals are the company’s first acquisitions since partnering with Primary Wave Music, the world’s leading independent publisher of iconic and legendary music, in 2023. That partnership saw the publishing giant invest significant capital to help accelerate the company’s growth in the global markets. Both Symphony Recording Co. and ARC Musicq are exciting additions to the Times Music empire as both labels have established universal appeal in the growing Indian music markets.
Growing from a retail music store in 1983 to South India’s top devotional music label, Symphony Recording Co. maintains a position as the undisputed leader of Tamil spiritual and devotional music. Housing the largest catalogue in the genre, with over 350 audio and 100 video albums, Symphony’s collection of music is deeply embedded in Tamilian culture worldwide. With collaborations from legendary artists in the Indian music space like Dr. Balamurali Krishna, Dr. S.P. Balasubrahmanyam, and Chitra, the company has set industry benchmarks in music and video production. The label’s devotional songs contribute to a majority of its YouTube revenue, which has doubled in the past 4 years, and the label’s six channels have a viewership of nearly 2 billion. As Symphony continues to dominate the devotional and folk music space, this acquisition will now strengthen Times Music in the Tamil market as a Spiritual market leader.
ARC Musicq, a time-tested label whose music has been distributed by Times Music since 2017, also upholds a place as a leading Kannada music label. As a pioneer in the entertainment industry since its initial inception in 1985, the label has played a key role in the expansion of Indian folk music and film soundtracks, contributing to over 75% of A-grade movie OSTs. The company is home to a diverse collection of film, devotional, and folk music within the Kannada music market, which has also taken a major foothold across YouTube. The label’s four channels have seen significant growth, and much like Symphony Recording Co., has a viewership of over 2 billion views, with YouTube revenue having quadrupled in the past three years.
Spiritual and Devotional music finds itself having a strong and stable listenership across India as it transcends the country’s religion and caste system. With the rise of digital streaming platform investments surging in the past two years – over 230% according to Spotify’s Culture Next Report – these acquisitions situate Times Music as a major player in the spiritual and devotional genre and aim to strengthen the company’s presence in the Kannada music market.
“These acquisitions by Times Music represent a major milestone in the company’s growth journey and the Times Group’s ongoing expansion in the broader entertainment space,” Vineet Jain, Managing Director, Times Group shares.
Mandar Thakur, CEO, Times Music also notes, “Times Music has an array of exciting premium partnerships coming up and we are proud to work with Symphony Music & ARC Musicq catalogues to further their global appeal.”
Primary Wave Music’s David Loiterton adds, “Primary Wave partnered with Times Music because growth in our business will come from emerging markets like India, and there are libraries of legendary music that live in the hearts of local consumers.” He goes on, “These are the first of what we hope will be many more investments in legendary Indian music.”
Quality Power_Q3 FY25 results
India March 18, 2025: The Board of Directors at Quality Power Electrical Equipments Limited (BSE: 544367; NSE: QPOWER), one of India’s leading entities in critical energy, transition equipment and power technologies, today approved the financial results for the quarter December 31, 2024.
Q3 & 9M FY2025 Key Performance Highlights (Consolidated):
- Q3 FY25 Revenue from Operations stood at ₹726 million (₹72.6 crore)
- Q3 FY25 EBITDA for the quarter was ₹174 million (₹17.4 crore), marking a 63.2% Y-o-Y growth, with EBITDA margins expanding to 24.0%
- Q3 FY25 Profit After Tax (PAT) increased by 44.6% Y-o-Y to ₹196 million (₹19.6 crore), with PAT margins reaching 24.5%
- Company holds an order backlog of ₹5,170 million (₹517 crore) and an immediate order pipeline of ₹7,000 million (₹700 crore), with contributions from Quality Power Equipments, Endoks, and Mehru
- Acquired the majority stake of 51% in Mehru Electrical & Mechanical Engineers for ₹1,200 million (₹120 crore)
- The Board approved investments for new manufacturing facilities at E-5, E-6 in Sangli and Cochin to strengthen the Power Products business.
- Approval for a ₹125 crore soft loan from Promoter Directors at Repo + 0.5% (7% p.a.) with a 15-year tenure and a 2-year moratorium, offering flexible, penalty-free prepayment
- A dedicated M&A Committee has been formed, chaired by Mr. Bharanidharan Pandyan (Jt. Managing Director), to evaluate expansion and acquisition opportunities
- The Board has authorized the M&A Committee to conduct due diligence and finalize terms for acquiring a majority stake in STATCON Energiaa, with details to be disclosed post-agreement
Q3 & 9M FY2025 Financial Performance Summary (Consolidated)
|
Rs. in Mn. |
Q3 FY25 |
Q3 FY24 |
Y-o-Y (%) |
Q2 FY25 |
Q-o-Q (%) |
9M FY25 |
9M FY24 |
Y-o-Y (%) |
|
Revenue from Operations |
725.9 |
1,420.6 |
(48.9) % |
943.1 |
(23.0) % |
2,283.2 |
2,626.2 |
(13.1) % |
|
|
|
|
|
|
|
|
|
|
|
Gross Profit* |
355.9 |
407.7 |
(12.7) % |
368.7 |
(3.5) % |
994.7 |
833.4 |
19.4% |
|
Gross Margin% |
49.0% |
28.7% |
|
39.1% |
|
31.7% |
43.6% |
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA* |
174.1 |
106.7 |
63.2% |
80.8 |
115.6% |
490.5 |
178.8 |
174.4% |
|
EBITDA Margin% |
24.0% |
7.5% |
|
8.6% |
|
21.5% |
6.8% |
|
|
|
|
|
|
|
|
|
|
|
|
PBT |
218.3 |
146.0 |
49.5% |
141.4 |
54.3% |
766.7 |
415.6 |
84.5% |
|
PBT Margin% |
27.4% |
9.7% |
|
13.7% |
|
29.2% |
14.1% |
|
|
|
|
|
|
|
|
|
|
|
|
PAT |
195.7 |
135.3 |
44.6% |
134.3 |
45.7% |
696.5 |
379.6 |
83.5% |
|
PAT Margin% |
24.5% |
9.0% |
|
13.0% |
|
26.5% |
12.9% |
|
Commenting on Company’s performance, Mr. Bharanidharan Pandyan, Jt. Managing Director, Quality Power Electrical Equipments Ltd, said:
“With the successful completion of our IPO in February 2025, raising ₹8,586 million (₹858.6 crore), we have entered a new phase of growth, well-positioned to drive operational excellence, innovation, and financial discipline. The capital raised is being strategically deployed towards capacity expansion, technological advancements, and targeted acquisitions, strengthening our foundation for sustained growth in an evolving power landscape.In Q3 FY2025, our performance showcased resilience and operational efficiency. Revenue from Operations stood at ₹726 million (₹72.6 crore), impacted by project execution cycles and variations in demand across business segments. However, our focus on cost optimization, supply chain efficiencies, and a favorable business mix resulted in EBITDA growth of 63.2% YoY to ₹174 million (₹17.4 crore), with margins expanding to a record 24.0%. PAT rose by 44.6% YoY to ₹196 million (₹19.6 crore), reinforcing our profitability-driven approach. We maintained a strong order backlog of ₹5,170 million (₹517 crore) and an immediate order pipeline of ₹7,000 million (₹700 crore), underscoring sustained demand for our solutions across Quality Power Equipments, Endoks, and Mehru.
As part of our post-IPO strategy, we completed the acquisition of a 51% majority stake in Mehru Electrical & Mechanical Engineers for ₹1,200 million (₹120 crore). This acquisition significantly enhances our capabilities in high-voltage instrument transformers up to 500kV, expanding our market reach across India, Southeast Asia, and Africa. Mehru’s strong R&D and manufacturing expertise unlock synergies, driving efficiency, technological innovation, and deeper market penetration.
To sustain our growth momentum, we are investing in state-of-the-art manufacturing facilities at E-5 and E-6 in Sangli, along with a new facility in Cochin, further strengthening our Power Products business. Additionally, we have secured a ₹1,250 million (₹125 crore) soft loan from Promoter Directors, ensuring financial flexibility to execute our expansion plans efficient. We continue to explore inorganic growth opportunities, with our dedicated M&A Committee actively evaluating potential acquisitions. The Board has authorized due diligence for acquiring a majority stake in STATCON Energiaa, which will further enhance our portfolio in advanced power solutions.
As we embark on this new chapter as a publicly listed company, our strategic priorities remain centered on expanding manufacturing capabilities, enhancing our product portfolio, and driving innovation through R&D investments. Our commitment to delivering sustainable growth, creating long-term value for our shareholders, and maintaining investor confidence remains unwavering. We are focused on executing our strategy with discipline and look forward to driving continued success for our customers, investors, partners, and stakeholders