Mumbai, India | 29 January 2025 | NSE: KPITTECH BSE: 542651: KPIT Technologies, a global leader in building mobility solutions for a cleaner, smarter, and safer world, announced financial results for Q3 FY25 today.

Performance overview

• Q3 FY25 Revenues
  • Revenues at $176MN with CC growth of 17.4% Y-o-Y and $ revenue growth of 18.1% Y-o-Y
  • YTD Q3FY25 CC Revenue Growth of 20.7%
  • Growth led by Powertrain and Connected Vehicles domains
  • Growth led by Asia geography and Passenger Car Vertical
• Q3 FY25 EBITDA and PAT
  • EBITDA at 21.1%, Y-o-Y growth of 20.8%
  • PAT stands at INR 1870MN, growing at 20.4% YoY
• Marks 18^th consecutive growth quarter
• TCV of new engagements won during Q3FY25: $236 million
• Outlook – Increases FY25 EBITDA outlook to 21%+ from earlier 20.5%+, maintains CC revenue growth outlook of 18% to 22% range

Commenting on the performance of Q3 FY25

Kishor Patil, Co-founder, CEO and MD, KPIT said,

“The third quarter revenues are in-line with our annual revenue outlook while the operating profit has improved due to revenue mix change and productivity improvement, despite currency headwinds. Thus, we increase our annual EBITDA Margin outlook to 21%+ from 20.5%+ earlier. We are investing in AI technologies fine-tuned with automotive-specific data. Our AI philosophy is rooted in developing human-centric, innovative, safe, and responsible AI solutions that drive value creation for our clients. We will leverage these AI investments to augment our talent pool, while creating new opportunities for future growth. Our leadership and strength of relationship with our T25 clients is demonstrated by higher deal closures, efficient cash conversion and robust build-up in the pipeline.”

Sachin Tikekar, President and Joint MD, KPIT said,

“We have been developing new sub-verticals viz Trucks and Off-highway. There are sizable opportunities through these investments, and they are now contributing to building our pipeline across the geographies. These will contribute to our growth from the second half of the next financial year. There are new relationships being explored and built with the Passenger Car and Truck makers in China and Rest of Europe outside Germany. In terms of our new offerings, there is greater interest from our T25 clients in the areas of vehicle cost reduction, cyber security and data-oriented services. Our attrition remains at all-time low levels and our leadership development programs are in full swing to further enhance our continued growth.”

Mumbai, January 28, 2025 – R R Kabel (RRK), one of the leading consumer electricals players with a strong presence in Fast Moving Electrical Goods (FMEG) has announced its Unaudited Financial Results for the quarter and nine months that ended on December 31, 2024.

 

 

Commenting on the Results, Mr. Shreegopal Kabra, MD said, – “RR Kabel has delivered its highest-ever revenues in 9M FY25, despite overall moderate volume growth in Wires & Cables business, while the FMEG segment recorded solid revenue performance, driven by robust volume growth and an improved product mix. Despite volatility in commodity prices, demand has remained fairly stable. Looking ahead, we expect margin improvements in the coming quarters. We continue to focus on our long-term vision of achieving double-digit EBITDA margins, breakeven in the FMEG segment, capacity expansion, and diversifying into newer and emerging market opportunities.”

Guwahati; January 29, 2025: Mega Entertainment, the pioneer of fashion and pageant events in Northeast India, is delighted to announce the Grand Finale of the 21st Livon Mega Miss North East. Scheduled for January 31, 2025, this highly anticipated event will take place at the ITA Cultural Complex in Guwahati. Fifty-seven talented candidates from across Northeast India will compete for the three coveted winners’ crowns.

Mega Miss North East (MMNE) is conceptualized by fashion entrepreneur Abhijeet Singha, produced by Mega Entertainment, and marketed by Mega Activation.

Under the visionary leadership of Abhijeet Singha, MMNE continues to set benchmarks in the pageantry world. Speaking about the milestone event, Abhijeet Singha, Founder of Mega Entertainment, said, “I am filled with immense pride as we celebrate the 21st edition of Livon Mega Miss North East. Over the past two decades, our platform has evolved into a launchpad for global talent, where contestants hone their skills and prepare to make an impact. We have witnessed countless women launch successful careers, inspire communities, and shatter glass ceilings. Our commitment to empowering Northeast India’s youth grows stronger each year, fostering growth, confidence, and unlocking possibilities.”

Speaking about their association with the pageant, Somasree Bose Awasthi, Chief Marketing Officer, Marico Limited, said, “Livon has always been a trusted hairstyling companion for Gen Z and the youth, inspiring them to express their unique style with confidence. Our partnership with Mega Miss North East perfectly embodies our brand philosophy, SalonHairOnTheGo, as we continue to celebrate freedom of self-expression and individuality anywhere anytime. At Livon, we take immense pride in supporting transformative journeys, and we are excited to contribute to this inspiring platform. With a wide range of serums that deliver salon-finish hair, Livon is the ultimate styling essential for every routine. This collaboration reflects the vibrant culture and beauty of the Northeast, and we are thrilled to partner with the 21st edition of this iconic pageant. This year, this platform aims to go beyond boundaries by opening international opportunities for the winners, enabling them to showcase their talent on a global stage.”

This year MMNE is supported by the Ministry of Tourism, Government of India, under the Incredible India initiative. The event will spotlight the region’s unique cultural heritage through a special campaign featuring the Hidden Paradises of Northeast India. The campaign will be showcased by the contestants, further amplifying the region’s appeal to a global audience.

The event is also supported by Neyah as the Cosmetics Partner, Hotel Daaysco Oley Allo as the Hospitality Partner and Coca Cola as the Beverage Partner. Guwahati-based public relations agency Life’s Purple is the official PR Partner for the event, who will also offer the winners’ reputation management advisory for their reigning term.

Adding a global dimension to the occasion, Mister International 2024, Fran Zafra from Spain, will grace the Grand Finale as a special guest. His presence underscores the international prestige and recognition associated with the event.

The three winners of MMNE will be crowned equally with equal privileges and responsibilities. Winners of the pageant will not only gain the opportunity to represent India at prestigious international platforms but will also receive prizes worth over Rs. 50,000. Other benefits include travel opportunities, professional representation from Mega Entertainment, brand engagements, shoots, appearances at youth and fashion events, among others.

The 21st Livon Mega Miss North East pageant will culminate in a spectacular Grand Finale, where talented finalists from across the eight northeastern states will vie for the coveted title. Following an intensive grooming and training session in Guwahati, the shortlisted contestants will take centre stage, showcasing not only their beauty and talent but also the region’s rich cultural heritage, in an evening that promises elegance, empowerment, and cultural pride.

Tier-2 and Tier-3 cities in India represent a dynamic segment of the nation’s urban landscape. These cities, characterized by their moderate population density and emerging economies, are now at the forefront of India’s growth story. Further, urban development initiatives have played a pivotal role in this transformation. Investments in infrastructure, such as improved connectivity through highways, airports, and metro networks, are unlocking the potential of these cities.

Recent projections for real estate in emerging markets are highly encouraging. According to ANAROCK’s Consumer Sentiment Survey, 26% of property investors are now prioritizing Tier-2 and Tier-3 cities, signaling a notable shift in investment trends. Economic factors such as government funding for infrastructure projects and lower land prices compared to metros are driving the demand for luxury real estate in these regions.

Besides, government initiatives like the Smart City Mission, PMAY, and AMRUT are making substantial contributions through investments in roads, highways, public transport, and regional airports. These improvements enhance connectivity, linking smaller cities to major urban centers, and making them more accessible and attractive to potential residents. As a result, the demand for luxury residential properties in these evolving urban areas continues to rise.

Piyush Kansal, Executive Director, Royale Estate Group said, “Tier-2 and Tier-3 cities are witnessing a remarkable shift in luxury real estate demand. Rising disposable incomes and changing lifestyle preferences, coupled with enhanced connectivity through airports, highways, and metro extensions, are making these cities highly attractive for homebuyers. Additionally, HNIs and NRIs are increasingly investing in their hometowns, seeking luxury and second homes with world-class amenities. This transformation is redefining the real estate landscape, as smaller cities now offer premium living options that rival those in metros.”

On the other hand, a report from PropEquity supports buyers’ growing appeal towards luxury homes. The report states that housing sales in the top 30 tier 2 cities have risen 11% to nearly 2.08 lakh units in the financial year 2023-24. This economic uplift enables individuals to invest in luxury properties, leading to a burgeoning demand for premium housing. In addition, sustainability has become a central theme in the real estate sector, particularly in Tier-2 and Tier-3 cities, where eco-friendly projects and green building practices are gaining significant traction. Developers are increasingly adopting sustainable solutions like solar energy systems, rainwater harvesting, and smart waste management to create environmentally responsible communities.

Manit Sethi, Director, Excentia Infra said, “Urban development is integrating sustainability through various innovations. Growing awareness about environmental impact and the cost benefits of sustainable living have further driven this shift in preferences. Hence, this paves the way for developers to responsibly shape the future of real estate, ensuring that development meets both environmental and lifestyle aspirations. Thus, we look forward to remaining committed to sustainability, redefining real estate with responsibility and vision.”

As property demand rises, Tier-2 and Tier-3 cities are experiencing steady value appreciation, positioning them as appealing options for both investors and homebuyers. Their comparatively lower property prices, coupled with rapid infrastructure development, present significant opportunities for long-term capital growth.

Yash Miglani, Managing Director, Migsun Group said, “The future of real estate in tier 2 and 3 cities lies in creating integrated ecosystems that combine residential, commercial, and recreational spaces. Urban development projects are driving this transformation, enabling these cities to become self-sufficient hubs that cater to diverse lifestyles and business needs. This approach not only enhances convenience but also attracts buyers and investors looking for comprehensive living solutions. As infrastructure improves and demand grows, we envision unlocking their true potential through our projects and establishing them as sustainable, thriving urban centres.”

Ravindra Gandhi, Founder and Managing Director of Tirasya Estates said, “Tier 2 and 3 cities offer an untapped market with rising demand for modern and luxurious residential spaces. The growing desire for premium homes allows developers to craft quality and diversity of housing options, catering to a wider range of buyer preferences and budgets. Moreover, cities like Goa offer a distinctive blend of modern amenities and traditional charm, appealing to a global audience. This unique combination not only attracts investors seeking high-value opportunities but also homebuyers desiring a lifestyle that merges contemporary living with heritage. Hence, this transformation reflects the broader potential of these cities to thrive while maintaining their cultural identity. We look forward to maintaining this allure by uniting development with the essence of the city, ensuring that our projects not only elevate the real estate landscape but also contribute to the cities’ sustainable growth and long-term prosperity.”

Thus, urban development has been a key catalyst in transforming Tier-2 and Tier-3 cities into thriving real estate hubs. Infrastructure improvements, such as better connectivity, modern amenities, and government-backed initiatives, have sparked significant growth in these regions. As buyer preferences shift towards sustainable and holistic living, these cities are increasingly aligning with global trends, offering a unique blend of modernity and tradition.

Mumbai, January 29, 2025: The Multi Commodity Exchange of India Ltd. (MCX), India’s leading Exchange in the Commodity Derivatives Market segment, shall be conducting a special live trading session on Saturday, February 1, 2025, to make available the trading platform for market participants on account of presentation of the Union Budget, supporting their real-time risk management and hedging requirements.

The exchange will remain open for normal trade from 9.00 a.m. to 5.00 p.m.

For complete details, please refer to MCX circular no. MCX/TRD/841/2024 dated December 24, 2024, and for clearing and settlement, please refer to MCXCCL circular no. MCXCCL/C&S/327/2024 dated December 30, 2024.

New Delhi, January 29th, 2025: Lenskart, India’s pioneer in eyewear innovation, is redefining the way we see, hear, and stay connected with the launch of Phonic—a groundbreaking audio eyewear. Designed for today’s multitasking generation, Phonic exemplifies Lenskart’s dedication to offering world-class technology at an accessible price.

Phonic combines premium audio features with eyewear, enabling users to take calls, listen to music, and interact with their digital world. This next-level wearable tech keeps you stylishly in sync with your world.

With designs like Navigator and Hustlr, Phonic is set to elevate your multitasking experience. Whether on a Zoom call or using voice commands to check your schedule, Phonic makes it effortless and extraordinary.

Perfect for professionals managing tasks in noisy environments or commuters on the move, Phonic integrates Bluetooth audio into lightweight eyewear, offering seamless hands-free connectivity.

Why Phonic is a Game-Changer

• InvisibleTech, Visible Impact: Phonic combines cutting-edge Bluetooth audio with stylish, everyday eyewear, creating a hands-free experience that feels natural.
• All-Day Connectivity: With up to 7 hours of playtime,Phonic ensures uninterrupted access to calls, music, and voice assistance, whether you’re at work, driving, or on the move.
• IntuitiveVoice Assistance: The eyewear integrates seamlessly with Android and iOS voice assistants, letting users send messages, set reminders, and control music—all through simple voice commands.
• Customizablefor Every Need: Phonic frames can be fitted with prescription lenses or sunglasses, making it perfect for work and leisure.
• EffortlessControls: Smart button navigation allows users to switch between functions with a single click, keeping their focus where it matters most.

Peyush Bansal, CEO and Founder of Lenskart, shared his vision for Phonic:“At Lenskart, we design products that address real consumer needs. Phonic is for everyone who juggles multiple roles daily—whether it’s professionals in noisy offices, frequent drivers, or commuters who need hands-free convenience. Phonic empowers users to stay connected, productive, and stylish, without adding complexity to their lives.”

29th Jan, Mumbai: Mr. Andre Eckholt, Managing Director of Hettich India, has been reappointed as Co-Chair of the Federation of Indian Chambers of Commerce and Industry (FICCI) Furniture Committee for 2025.

Established in April 2020, the FICCI Furniture Committee has been working towards addressing industry challenges and fostering collaboration between the Government, industry leaders, and stakeholders. The committee focuses on initiatives such as improving raw material availability, reducing logistics costs, increasing capacity utilization, and promoting the development of furniture hubs across the country.

Mr. Eckholt’s reappointment comes at a time when the Government of India’s ‘Make in India’ initiative is boosting the visibility and growth of the furniture sector.

Speaking about the role, he noted, “India’s furniture industry holds vast potential to compete on the global stage. We look forward to continuing the collaborative efforts needed to address industry challenges and position India as a leader in furniture manufacturing and exports.”

As a key industry player, Hettich India has supported the committee’s goals through its work in sustainability, skill development, and fostering ease of doing business – efforts that perfectly align with the committee’s vision for building a globally competitive furniture industry.

With a skilled labor force, abundant raw materials, and rising global demand, India’s furniture industry is well-poised to become one of the top three global players. The FICCI Furniture Committee, under the guidance of its leadership, aims to contribute meaningfully to this progress, supporting the industry’s self-reliance and export capabilities.

New Delhi, 29th January 2025: In a strategic move to advance senior health and wellness, Antara Senior Care, part of the $5 billion Max Group, has partnered with Wellbeing Nutrition, a pioneer and leader in nutraceutical innovation. The collaboration will leverage Antara’s deep understanding of senior health needs and Wellbeing Nutrition’s expertise in creating clinically accurate, evidence-based nutraceuticals to co-create products designed specifically for older adults. These products will address identified nutritional gaps, offering seniors and their caregivers easy access to high-quality, research-backed solutions through online and offline channels.

Nutritional deficiencies among older adults in India remain a pressing concern, with 27% of seniors aged 60 and above being underweight. Nearly 76% of seniors have low vitamin D levels, and over 42% suffer from vitamin B12 deficiency, leading to serious health complications like cognitive decline and weakened immunity. These figures highlight the critical need for targeted interventions that cater to the specific nutritional requirements of seniors.

“Antara’s AGEasy platform, a key initiative under its Assisted Care Services, will play a central role in distributing these products. This collaboration aligns seamlessly with Antara’s mission to provide seniors with accessible, innovative care solutions, reinforcing its position as a trusted leader in senior wellness. This partnership represents not only the convergence of two forward-thinking organizations but also a commitment to transforming the landscape of senior care in India. By addressing nutritional needs with precision and care, Antara and Wellbeing Nutrition aim to enable seniors to lead lives marked by vitality, dignity, and ease,” said Ishaan Khanna, CEO, of Antara Assisted Care Services.

He added, “By co-developing tailored products that bridge critical nutritional gaps, the collaboration is poised to set a new benchmark for senior wellness in India. Recognizing the need for a partner that shares our ethos and vision for senior wellness, we sought a collaboration that could complement our efforts. In Wellbeing Nutrition, we have found the perfect partner, one that combines innovation, scientific rigor, and clinically validated solutions tailored to seniors’ unique nutritional needs. Together, we aim to provide seniors with transformative products that empower them to lead healthier, more fulfilling lives.”

Avnish Chhabria, Founder of Wellbeing Nutrition, said, “As seniors navigate evolving health challenges, their nutritional needs require targeted and thoughtful solutions. At Wellbeing Nutrition, we’ve spent the last three years dedicated to research and development to create clinically accurate, evidence-based solutions tailored for seniors. Our approach combines cutting-edge science with the best global ingredients to ensure that our products are both effective and safe. We recognize that seniors often face dual challenges of lifestyle-induced risks and core morbidities, which is why our solutions are meticulously crafted with rigorous scientific validation.”

He added, “This partnership with Antara enables us to extend our mission of enhancing overall well-being to a segment that deserves dedicated care. By addressing specific needs with products backed by robust clinical evidence, we aim to empower seniors to lead healthier, more fulfilling lives. Together with Antara, we’re not just filling nutritional gaps—we’re setting a new standard for senior wellness in India.”

Greater Noida, January 28, 2025: VVIP Group, a renowned name in the real estate sector, announced the launch of its prestigious project, VVIP Addresses, in Sector 12, Greater Noida West, ushering in a new era of luxury living in the region. The inauguration included the grand opening of the project’s Experience Centre, Sales, and Marketing Office. A unique feature of this project is the Box Cricket Stadium, the first-ever to be integrated into a housing project in Greater Noida West.

The launch event was graced by dignitaries from various domains including former MP and senior JDU leader KC Tyagi, spiritual guru and social activist Pramod Krishnam, UP Cricket Association President Yudhveer Singh Tyagi, former Indian cricketer Praveen Kumar, Ghaziabad Authority Chief Engineer NK Chaudhary, Principal Architect of VVIP Addresses Vishal Mittal, and Interior Architect SK Goel. The attendees lauded the project for its grandeur and advanced features, calling it a milestone for the region.

Spread across 5 acres, VVIP Addresses features 4 high-end towers offering expansive apartments ranging from 2,995 sq. ft. to 4,645 sq. ft. Designed to reflect luxury and modern living, these apartments boast 12-foot-high ceilings, exceptional designs, and state-of-the-art amenities. The project also includes an all-weather swimming pool, a fitness center, a gated community, and other premium facilities.

Speaking on the occasion, Mr. Praveen Tyagi, CMD of VVIP Group, said, “We are excited to launch VVIP Addresses, a project that reflects our commitment to creating landmark developments that set new standards in luxury living. With expansive, high-end residences and exceptional amenities like the Box Cricket Stadium, we are proud to offer a unique lifestyle in Greater Noida.”

Mr.Vibhor Tyagi and Mr.Vaibhav Tyagi, the second-generation heads of VVIP Group, expressed, “We don’t just sell flats; we sell homes. Transparency and quality are our top priorities, and we make no compromises.”

Mr. Umesh Rathore, Vice President of Sales and CRM, added, “Homebuyers and investors are showing great interest in VVIP Addresses due to its premium location and cutting-edge amenities. We are grateful for the positive responses we received from our customers.”

With over three decades of experience, VVIP Group has established a strong foothold in the real estate sector, successfully delivering several residential and commercial projects in Ghaziabad, Noida, and Greater Noida. The launch of VVIP Addresses redefines premium housing in Greater Noida West, setting a new benchmark for luxury and innovation.