New Delhi, India, 10^th May 2025: C.E. Info Systems Ltd. (“MapmyIndia”), India’s leading advanced digital maps and deep-tech products and platforms company, announced today its financial results for Full Year and Fourth Quarter of FY2025 ended March 31^st 2025.

 Key Consolidated Financial Highlights for Full Year and Q4 of FY2025:

 

Particulars (Rs Cr)	Q4 FY25	Q4 FY24	Q4 YoY Growth	FY25	FY24	FY YoY Growth
Revenue from Operations	143.5	106.9	34%	463.3	379.4	22%
Total Income	166.7	119.3	40%	515.7	417.6	23%
EBITDA	58	39.5	47%	179.9	156.2	15%
EBITDA Margin	40%	37%		39%	41%
PAT	49.0	38.2	28%	147.6	134.4	10%
PAT Margin	29%	32%		29%	32%
RoCE ex-cash				95%	105%
Cash & Cash Equivalents including financial investments				659.9	557.3	18%
Open Order Book at End of Full Year				1500	1,372	10%

Rakesh Verma, Chairman & Managing Director, MapmyIndia, commenting on the Full Year and Fourth Quarter of FY25 results, said “We are happy to report the strong growth in Q4FY25 and a good fiscal year overall. The Board was pleased to express our gratitude to all shareholders by declaring Final Dividend of Rs. 3.50/-  per Equity share of Rs. 2/- each at the rate of 175% for the FY25. In Q4FY25, revenue increased by 34% YoY to Rs. 143.5 crore and EBITDA rose by 47% to Rs. 58 crore and PAT grew by 28% to Rs. 49 crore. EBITDA margin in Q4 was 40%. For FY25, revenue rose 22% to Rs. 463.3  crore. EBITDA rose 15% to Rs 179.9 crore and PAT rose 10% to Rs 148 crore, EBITDA margin for full year FY 25 was 39%. We’re happy that momentum picked up in Q3 and Q4 of FY25.

Our Map-led business EBITDA margins remain healthy at 47% and our IoT-led business EBITDA margins expanded from 12% in FY24 to 14% in FY25, as product mix improved and SaaS income increased. Our Open Order Book grew to Rs 1,500 Cr at the end of FY25. Our Order Book achievements give us further confidence that we are on track to our stated milestone of crossing Rs 1000 Cr revenue by FY28.

Our Consumer Tech & Enterprise Digital Transformation (C&E) revenue grew by 30% YoY to Rs 252.5 Cr, and Automotive & Mobility Tech (A&M) revenue grew by 13% to Rs 210.8 Cr. Our Map-led revenue grew by 29% to Rs 345.6 Cr. and IoT led revenue grew by 5% to Rs. 117.7  Cr. Our new licenses in automotive increased to 3+ million in new vehicles (4-wheelers, 2-wheelers and CVs, across ICE and EV segments), as against 2.5 million during FY24. Further, the number of new IoT devices installed (rented and sold additionally) during the year were 2.1+ Lakhs as against 2.9+ Lakhs in FY24, due to strategic shift in focus towards SaaS revenue over hardware sales.

We acquired new B2B and B2B2C customers – including many businesses and enterprises across industry verticals. Customer diversification, de-concentration and retention continued to trend healthily. We have also started to build revenue from the South East Asian market in alignment with our JV company TerraLink Technologies. We were happy with the results of our prudent marketing efforts which led to our crossing the milestone of 30 Million user downloads of the Mappls App and see this as a foundation for future potential consumer business. B2C expenses for consumer business were controlled in this quarter while, we of course continue to relentlessly innovate and invest in enhancing our existing products and technologies, and working on future vision.

Our strategic focus is on enhancing technological capabilities, improving customer engagements and driving operational excellence. To sharpen this focus, our government business, where we see a large opportunity ahead, will be handled by our wholly owned subsidiary, Vidteq, now renamed “Mappls DT”, for accelerating our initiatives in Digital Transformation, Digital Twin, and Defence Technologies to the government. The IoT and logistics SaaS will continue with our 76% owned subsidiary Gtropy. To ramp up these high growth opportunities, Rohan Verma has been appointed as Managing Director of both these subsidiaries w.e.f 1st April, 2025. The parent company will focus on Automotive and Corporate Business. Mappls Brand and App will continue within the parent company.”

This Mother’s Day, Malaka Spice invites you to honour the most special woman in your life with a celebration full of warmth, flavour, and vibrant experiences. On Sunday, May 11, from 11:30 AM to 10:30 PM, guests can soak in the festive vibes at the Malaka Bazaar, a thoughtfully curated lifestyle market featuring artisanal products, fashion, home décor, and more.

To complement the celebration, guests can indulge in delicious mains like Moringa Prawns, Moringa Chicken and the unique Chikoo Cheesecake. Along with that Malaka Spice has also launched a limited-edition ice cream menu with Asian tropical ingredients and seasonal produce from Cherish Farms. The menu includes some unique flavours of ice creams such as Mango Sorbet, Pho Gelato, Milk Chocolate Gelato, Watermelon & Strawberry Sorbet, Kaya jam and vanilla gelato and Cherish Farms Chikoo

Whether you’re treating Mom to a leisurely brunch, a fun day of shopping or a relaxed dinner Malaka Spice promises a heartfelt celebration she’ll always remember.

What: Mother’s Day celebration
When: Sunday, May 11, 11:30 AM onwards
Where: Malaka Spice Koregaon Park

May 8, National: goSTOPS, India’s leading youth travel hostel brand, is all set to add an exciting chapter to its travel story. With the launch of its brand-new literary IP, goREADS, the experiential hostel chain is giving young travellers and avid bookworms a fresh way to connect – through books, conversations, and shared experiences. It is designed to bring together readers, writers, and wanderers under one roof (or, well, hostel!).
Kicking off with events in Bengaluru and Goa on May 10, goREADS will feature interactive bookish hangouts where authors across genres, languages, and lived experiences vibe with readers over book talks, creative sessions, workshops, Q&As, and more, all in the social, design-first spaces – goSTOPS is renowned for. Whether you’re a city-dweller looking to meet your literary idol or a traveller craving a plot twist in your itinerary, goREADS promises an experience that’s meaningful, memorable, and creatively inspiring.

The first leg of goREADS brings two powerful voices to the fore. At its tech-powered hostel in HSR , Bengaluru, goSTOPS will host Shinie Antony, prolific author and founder of the Bangalore Literature Festival, for a freewheeling discussion about her books — including Can’t, Eden Abandoned and Hell Hath No Fury — and her experience curating one of the country’s most respected literary events. This scintillating and insightful session will be moderated by esteemed journalist and literature enthusiast, Monika Monalisa.

Meanwhile, in Goa, writer Michelle Mendonça Bambawale will take over goSTOPS Vagator with a discussion on her book Becoming Goan, with renowned journalist Sneha Vakharia. This will be followed by a candid Q&A session. Her talk will delve into the deeply personal journey of moving to Goa during the COVID-19 pandemic, rediscovering her ancestry, and finding her place in a city that often plays muse to many.

Sharing her thoughts on the launch of this new literary IP, Pallavi Agarwal, Founder & CEO at goSTOPS, said, “At goSTOPS, we’ve always believed that travel is much more than just ticking off destinations. It’s about discovery, connection, and stories you carry home with you. With goREADS, we’re doubling down on our mission to make travel meaningful. We are creating spaces where backpackers and bibliophiles come together, and where ideas, like memories, are shared long after checkout. This is the kind of community-driven experience that we believe the young traveller is hungry for — something real and refreshingly different.”

Shinie Antony, author and founder, Bangalore Literature Festival, noted, “Stories are a form of travel, taking our soul from point A to point B. The journey may be emotional, intellectual or physical, but ultimately all travel is spiritual.”

Michelle Mendonça Bambawale, author, added, “Travel is a transformative experience, and for me, moving to Goa amidst the pandemic was one such event. Through the inaugural goREADS event, I hope to inspire young travellers to read more, write, and document their journeys as they explore new destinations, since good storytelling can only happen when there’s a personal touch to stories.”

goREADS is designed to evolve as a series of year-round literary events that champion diverse voices and encourage authentic expression, be it through spontaneous readings, creative workshops, or literary collabs. By tapping into the storytelling power of literature, goSTOPS is building yet another touchpoint for travellers and communities to engage beyond the usual. It’s what the brand has always done best — turn hostels into hubs for community spirit, creativity, and discovery.

Bangalore, India, May 08, 2025 – Elgi Equipments Limited , a global leader in air compressor manufacturing, inaugurated its new corporate office on Richmond Road, Ashok Nagar, Bangalore. The six-level, purpose-built facility reflects ELGi’s commitment to innovation, collaboration, and sustainability.

Re-designed from the ground up, the office promotes a dynamic and engaging work environment while incorporating eco-conscious features such as energy-efficient LED lighting, an energy-efficient transformer, and future plans for rooftop solar panels. The inauguration ceremony was led by ELGi’s senior leadership in the presence of enthusiastic employees, marking a significant milestone in the company’s journey towards global compressed air excellence and innovation. 

Hyderabad, Wednesday, May 07, 2025: At the recently held WAVES Summit 2025 at Mumbai, a strategic Memorandum of Understanding (MoU) was signed between the Game Developers Association of India (GDAI) and the Services Export Promotion Council (SEPC– set up by the Ministry of Commerce and Industry, Govt. of India), marking a significant milestone in promoting collaboration, innovation, and growth in India’s rapidly evolving gaming and esports ecosystem.

This strategic partnership is designed to enhance cooperation between the GDAI and SEPC, across key industry dimensions including investment facilitation, international promotion, industry engagement, skill development, and global market access.

As part of the MoU, GDAI and SEPC have committed to promote bilateral investment opportunities, joint ventures, and business delegations to stimulate economic and technological collaboration; build a consortium of companies to amplify India’s gaming and esports export capabilities; foster technological advancement in areas such as AR/VR, gamification, AI, metaverse, animation, and visual effects; drive skill development and training initiatives to strengthen India’s talent pipeline and industry readiness amongst other goals to showcase India’s potential in video gaming, esports, and related emerging technologies.

Speaking about the MoU, Dr. Abhay Kumar Sinha, Director General, SEPC,  “This partnership is a key step towards boosting India’s services exports in the high-growth gaming and esports sector. By aligning with GDAI, we aim to unlock global market opportunities and strengthen India’s position as a leading exporter of creative and digital services.”

Sharing his views on the association with SEPC, Mr. Sridhar Muppidi, Chairperson,  GDAI, said, “This MoU is a major step toward positioning India as a global player in the gaming and esports sector. By working together, GDAI and SEPC aim to unlock new economic opportunities and help Indian developers, designers, and entrepreneurs reach new heights.”

Sridhar further added, “This partnership also reflects the government’s growing interest to recognise gaming and esports not just as entertainment avenues but as significant contributors to India‘s digital economy and export potential.”

The MoU further encourages cooperation in software development, internet technologies, data analytics, and immersive technologies to empower start-ups, creators, and enterprises.

New Delhi, May 07, 2025 – Manifest, the first company to successfully bring U.S. private equity real estate on-chain in a scalable and liquid format, today announced Indian investors can now participate in the $35 trillion U.S. home equity market through its innovative $USH tokenized real estate vehicle.

This breakthrough platform removes traditional barriers such as high entry costs, complex paperwork, and slow processing times—making U.S. real estate more accessible, transparent, and efficient for investors across India.

Through its innovative $USH tokenized real estate vehicle, Manifest is redefining global real estate investing—enabling Indian individuals and institutions to make legal, compliant, and institutional-grade property investments in the U.S. in under 30 seconds.

“American real estate is among the most stable and high-performing asset classes in history, and international investor demand is already tens of billions of dollars a year,” said Nathaniel Sokoll-Ward, CEO and Co-Founder of Manifest.

“But traditional investing has been hamstrung by high transaction costs, operational burdens, and geographic restrictions. By combining the global reach of Bitcoin with the native utility of stablecoins, Manifest is changing the game for real estate investors looking to enter the American property market,” Sokoll-Ward added.

Previous attempts at real estate tokenization didn’t solve the primary barriers to scaling real estate investment, or make the most exciting opportunities accessible to global investors. The solution is real estate investment that scales like software. As stablecoins scale by tapping into the unlimited supply of US treasuries, Manifest scales by unlocking $35 trillion in US home equity – without operational overhead or legal risk.

Manifest promises to redefine and win at real estate tokenization with $USH, an on-chain vehicle backed by Home Equity Investments (HEIs). Traditional real estate investments require high capital commitments and long holding periods, but $USH enables seamless, on-chain access to institutional-grade real estate with the liquidity and efficiency of stablecoins.

New Delhi: The National Design Centre, with the support of the Development Commissioner (Handlooms), Ministry of Textiles, Government of India, is set to host the Handloom Saree Festival from May 9 to 17, 2025 at Handloom Haat, Janpath, New Delhi. The festival will celebrate and promote the rich legacy of India’s traditional handloom weaves, with a special focus on the artistry and dedication of Indian weavers.

The festival will bring together over 75 handloom weavers, self-help groups (SHGs), cooperative societies, and producers from across the country. It will present a vibrant display of India’s diverse weaving traditions, offering visitors a unique opportunity to explore and purchase exquisite handwoven sarees directly from the weavers.

A wide variety of handloom sarees will be showcased and available for sale, including Tussar Silk, Kosa Silk, Patola, Chanderi, Kanchipuram, Bhujodi, Kota Doria, Bhagalpuri, Uppada Silk, Banarasi, Ikat, Pochampally, Venkatagiri, Mangalagiri, Kalamkari, Kuthampally, and Shantipur/Tangail, along with sarees featuring intricate hand embroidery and traditional block prints.

The primary goal of the festival is to boost sales of handloom sarees and provide national and international market linkages for weavers, SHGs, and cooperatives. By offering a direct platform to connect with exporters, buyers, wholesalers, and consumers, the event helps eliminate middlemen and ensures fair returns for the weaving community.

More than a celebration of heritage, the Handloom Saree Festival supports the government’s broader vision of empowering local weavers and promoting self-reliance in the handloom sector, reaffirming India’s cultural identity through its timeless weaves.

India, Bangalore, May 06, 2025: Talent500, India’s largest and most trusted platform by ANSR for premium GCC careers, has released its latest report, “Increment & Compensation Trends in GCCs,” providing a comprehensive analysis of how Global Capability Centers in India are evolving their compensation strategies. Drawing on proprietary insights from ANSR’s research, the report decodes how leading enterprises are approaching increments, pay structures, and talent investments to stay competitive in a rapidly transforming talent landscape.

As organizations embrace people-centric growth models, India’s GCCs are emerging as employers of choice, with a strong focus on career and leadership development, workplace culture, and personalized employee experiences.

 Key highlights from the report:

•  Salary Increments Remain Strong: GCCs are projecting an average salary hike of 9.9%, signalling continued focus on talent retention and capability building despite economic uncertainties.
• Declining Attrition Rates: Overall attrition has declined to 16.9%, with voluntary attrition at a record low of 12.6% in 2024, reflecting greater investment in career growth, culture, and employee experience.
• Evolving Incentive Strategies: Organizations are moving beyond traditional merit-based hikes, introducing special salary adjustments for in-demand skills, market alignment, and equity improvements.
• Rise of Long-Term Incentives (LTIs): To boost retention and loyalty, 71% of GCCs now offer Long-Term Incentives like Employee Stock Options (ESOPs), Restricted Stock Units (RSUs), and Stock Appreciation Rights (SARs), emphasizing long-term wealth creation for employees
• Future-Ready Rewards: Compensation models are undergoing a transformation to offer more personalized rewards, that combines competitive pay with flexible benefits, career growth opportunities, and employee wellness programs.
• Leveraging AI for Smarter Compensation Decisions: GCCs are increasingly leveraging AI and analytics to personalize rewards, conduct real-time pay equity audits, optimize benefits, and build agile, future-ready talent strategies

Commenting on the findings and insights of the survey, Mr. Vikram Ahuja, Co-Founder ANSR and CEO 1Wrk said, “As GCCs become core to enterprise strategy, the way they think about talent is continuously evolving — adapting to new business needs, technologies, and expectations. This year’s Compensation and Benefits Survey goes beyond the numbers to explore how GCCs are rethinking their people strategies — building teams that are ready for today and prepared for what’s ahead. In a world shaped by AI, shifting expectations, and rapid change, the GCCs that succeed will be the ones that treat talent as a true strategic advantage — combining agility, purpose, and a focus on future-ready leadership.”

 As GCCs in India accelerate their evolution from operational back-offices to global innovation powerhouses, Talent500’s report spotlights how organizations are building resilient, people-centric workplaces that prioritize agility, personalization, and long-term value creation.  With India projected to house over 2,400 GCCs and 4.5 million professionals by 2030, the survey offers a roadmap for GCCs to redefine their approach to human capital, ensuring they remain at the forefront of the global business ecosystem and attract top talent.

Mumbai, May 6, 2025: Assetz, Bengaluru’s leading real estate developer, has announced the launch of The Secret Lake, a luxury plotted development located on IVC Road, Devanahalli. Just a short 10-minute drive from the upcoming Foxconn Centre in KIADB Phase 3, Harrow International School and the Padukone-Dravid Centre for Sports Excellence. With an emphasis on human-centric planning, The Secret Lake brings together the calm of nature and the ease of urban access, crafted for those seeking both peace and proximity.

This project is where design meets intention. Developed in association with Equinox Global Shelters, an experienced player in plotted layouts, this project offers a majority of spacious plots ranging from 1,200 to 2,000 sq. ft., along with abundant open spaces and state-of-the-art amenities with a scope of future development. Over 20 acres are dedicated to open spaces—including 6.8 acres for amenities and clubhouse, and 4.8 acres for landscaped green spaces—all beside a pristine ~190-acre lake. Complementing its scenic location and thoughtfully laid out master plan, The Secret Lake boasts top-tier infrastructure, with special emphasis on sports amenities such as Padel Tennis, Pickleball and more. The roads with pedestrian pathways are lined with a three-tier avenue plantation, which transforms every street into a living, breathing boulevard. Every element of infrastructure here reflects an ideal blend of form and function.

The Secret Lake draws its name from the serene, almost hidden ~190-acre lake, making it a natural gem tucked away from the city’s noise, yet deeply connected to it, balancing city life and nature retreat.

Mr. Rohit Cariappa, Director – Head of Sales & CRM at Assetz Property Group, comments, “With the launch of The Secret Lake, we’ve moved beyond just selling plots to creating a holistic ecosystem. This plotted development isn’t just about owning land, it’s about being part of a community where every aspect of modern, healthy living has been carefully considered.”

Mr. Sunil Pareek, Executive Director at Assetz, added, “Besides high-rises and townships, plotted development is one among the segments in Assetz’s diversified portfolio. We’ve created value addition while serving our targeted customer segment with over 145 acres of plotted developments. Our plotted development projects are premium in nature, with top-grade infrastructure spends and are built to last for decades. Our locations and infrastructure is reflected in our average sale price, which is close to 7000 per square foot in FY25.”

New Delhi, 5 May 2025: The British Council, UK’s international organisation for cultural relations and educational opportunities, and the Natural History Museum (NHM), London, announced the launch of the Museum’s Wildlife Photographer of the Year exhibition at the British Council. Running from 2 May to 6 June 2025, the 60^th edition of the celebrated showcase features award-winning photographs capturing the beauty and fragility of the natural world. The exhibition was inaugurated by Rt Hon Lisa Nandy MP, Secretary of State for Culture, Media and Sport, UK Government marking the start of a month-long celebration of art, biodiversity, and conservation.

The British Council has long championed the arts as a powerful medium for fostering dialogue, creativity, and global collaboration. Hosting the Wildlife Photographer of the Year exhibition in India underscores its commitment to promoting cultural exchange and raising awareness about critical environmental issues. By bringing home this globally acclaimed showcase the British Council aims to engage diverse audiences – from young learners to educators and artists – in conversations about sustainability, biodiversity, and the role of creativity in driving positive change.

This exhibition is part of an ongoing collaboration between the Foreign, Commonwealth & Development Office and the Natural History Museum, helping to bring world-class British cultural institutions to global audiences and spark conversations around climate, conservation, and nature.

Speaking on the occasion, Alison Barrett MBE, Country Director India, British Council said, “The Natural History Museum Wildlife Photographer of the Year exhibition is a testament to the power of art to inspire action. By hosting this showcase at the British Council, we aim to spark meaningful conversations about conservation and creativity, engaging young people we work with in the global movement to protect our planet’s biodiversity.”

Speaking on the annual exhibit’s 60^th edition being featured at the British Council, Dr Doug Gurr, Director of the Natural History Museum, said, “We’re delighted to present Wildlife Photographer of the Year in New Delhi, India, with a showcase of our category winning images. These are photographs that not only encourage further wildlife conservation efforts, but that spark the creation of real advocates for our planet on a global scale.”

The Wildlife Photographer of the Year exhibition in New Delhi features extraordinary category-winning images from photographers all over the world, capturing rare moments in nature and highlighting pressing conservation challenges. The month-long exhibit will also feature a variety of engaging events and activities, including a digital library wall and curated book display, a drawing session for children on the theme of ‘Wildlife Conservation’, a creative writing competition for children participating in the British Council’s Delhi Teaching Centre’s Summer School, screening of Ashwika Kapur’s documentary ‘Catapults to Cameras’, and a panel discussion with representatives from the Natural History Museum, London, and the British High Commission.