23rd May 2025: Geojit Financial Services Ltd approved its audited financial results for the quarter and the Financial Year ended 31 March 2025, following the meeting of its Board of Directors in Kochi on 21 May 2025. 

Consolidated Financial Highlights for the Financial Year 2024-2025:

                                                                         (Figures in Rupees crore)

Particulars	FY 24-25	FY 23-24
Revenue	749.32	623.97
EBITDA	291.38	244.00
PBT	228.23	198.14
PAT	172.49	149.38

 

Performance highlights for the year under review:

Consolidated Revenue increased YoY by 20% from Rs.623.97 crore to Rs.749.32 crore

EBITDA increased YoY by 19% from Rs.244 crore to Rs.291.38 crore

Profit Before Tax (PBT) increased YoY by 15% from Rs.198.14 crore to Rs.228.23 crore

Profit After Tax (PAT) increased YoY by 15% from Rs.149.38 crore to Rs.172.49 crore

Consolidated Financial Highlights for the Quarter ended 31 March 2025:       

                                                                                       (Figures in Rupees crore)

Particulars	Q4 FY 24-25	Q3 FY 24-25	Q4 FY 23-24
Revenue	177.48	172.11	208.56
EBITDA	54.09	64.24	83.36
PBT	41.22	48.64	68.57
PAT	32.21	37.05	51.91

 

Performance highlights for the quarter under review:

·           Consolidated Revenue is Rs.177.48 crore, decreased YoY by 15%.

·           EBITDA is Rs. 54.09 crore, decreased YoY by 35%

·           Profit Before Tax (PBT) is Rs. 41.22 crore, decreased YoY by 40%.

·           Profit After Tax (PAT) is Rs. 32.21 crore, decreased YoY by 38%.

 

As on 31 March 2025, the company’s Customer Assets stood at Rs. 1,00,065 crore.

 

The Board has recommended a final dividend of Rs. 1.50/- (150%) per equity share of Rs 1/- each for the financial year 2024-25.

Geojit Private Wealth (DIFC) Ltd has received in-principle approval from the Dubai Financial Services Authority (DFSA) to establish a new entity within the Dubai International Financial Centre (DIFC), aimed at serving the growing wealth management needs of HNIs and UHNIs across the UAE and the wider Middle East region.

By – Vaishali Parekh, Vice President – Technical Research at PL Capital Group,

According to Parekh, the Nifty index, after opening with a gap-down, managed to recover during the latter half of the trading session, closing near the 24,600 mark. “Despite intraday weakness, the index has managed to stay above the critical 24,500 level, keeping the overall tone marginally positive,” she noted. A sustained move above this level is essential, while a decisive breach above 25,000 would be required to confirm a renewed upward trend. On the downside, major support lies at the 200-period moving average near 24,000.

The Sensex, meanwhile, showed similar volatility but closed above its 20-day moving average at 80,890. Parekh warned that the index remains vulnerable. “A fall below 80,500 could lead to further downside pressure. For a sustainable recovery, Sensex must break above the 82,500 zone with conviction,” she said.

Commenting on the Bank Nifty, Parekh observed that the index remains stuck in a narrow range around the 55,000 level, with key resistance at 55,700 and support at 54,400. “A breakout from this consolidation is necessary to establish a directional bias. Until then, a cautiously positive stance is advisable,” she explained.

She also pointed out that the Bankex index is hovering below its 20-DMA of 62,480, with immediate support seen at 61,800. A move above 63,200 is essential for further upside momentum.

In conclusion, Parekh emphasized the importance of watching these critical levels closely. “The markets are at a tipping point, and any decisive move beyond the current ranges will set the tone for the next phase,” she added.

Chandigarh, India, 22 May 2025: The commercial credit portfolio for India’s Micro, Small and Medium Enterprises (MSME) sector grew at 13% year-over-year (YoY) as the overall credit exposure increased to Rs 35.2 lakh crore as of March 31, 2025. This trend was largely driven by an increase in credit supply to existing borrowers, according to TransUnion CIBIL and SIDBI’s MSME Pulse Report for May 2025. The MSME sector includes borrowers with credit exposures up to Rs 50 crore.

Growth in the overall credit portfolio was accompanied by an improvement in balance-level serious delinquencies (measured as 90 to 720 days past due (DPD) and reported as ‘sub-standard’), which fell to 1.8%, a five-year low.

Credit Performance Remains Strong, With Reduction in Balance-level Delinquencies

Overall MSME balance-level delinquencies improved to 1.8%, a 35 basis points drop from 2.1% in March 2024. This improvement was primarily driven by the borrower segment with exposure of Rs 50 lakh to Rs 50 crore. The borrower segment with exposure up to Rs 10 lakh, however, witnessed a slight deterioration at 5.8% in March 2025 compared to 5.1% in March 2024. Similarly, the borrower segment with exposure from Rs 10 lakh to Rs 50 lakh also saw a marginal rise in the delinquency level to 2.9% as compared to 2.8% in March 2024.

MSME Credit Growth Momentum Remains Robust

The demand for commercial credit, which is measured by the number of enquiries, grew 11% YoY in the quarter ending March 2025. Commercial credit supply (by value) grew 3% YoY in FY 2024-25. However, in the last quarter (Jan-Mar 2025) there was a decline of 11% YoY possibly due to higher credit concerns among lenders arising from increased external headwinds. Despite this slowdown in origination, credit extended through new cash credit facilities remained resilient with 7% YoY growth for the same quarter. While the share of New-to-Credit (NTC) MSME borrowers to total new loan originations continued to be strong at 47% as of March 2025, it was lower than the share of 51% one year prior.

In the quarter ending March 2025, public sector banks offered 60% of NTC originations. The trade sector contributed the greatest proportion of NTC borrowers at 53%, while the manufacturing sector saw the highest YoY growth (70%) in the number of NTC borrowers originating a commercial loan.

The manufacturing sector had a greater share of the origination value, at 34%, despite contributing to only 23% of all new loans disbursed in the quarter ending March 2025. However, the share of originations by value to the manufacturing sector has declined steadily over the last two years and shifted in favor of professionals and other services and other sectors, which now contribute to 36% of all new loans disbursed by value, up by five percentage points in the last four years.

Maharashtra, Gujarat, Tamil Nadu, Uttar Pradesh and Delhi continued to dominate commercial lending, together accounting for 48% of the value of overall originations in the quarter ending March 2025. While the manufacturing sector had the greatest share of originations in Maharashtra, Gujarat, Tamil Nadu and Delhi, Uttar Pradesh had the most originations to the trade sector.

Mr. Manoj Mittal, Chairman and Managing Director, Small Industries Development Bank of India (SIDBI) said: “The MSME sector plays a crucial role in generating employment opportunities and contributes to export growth. Though the credit flow to the sector has improved over the years, the sector still has an addressable credit gap. Providing support to MSMEs can help the sector’s growth and aid the overall economic growth of our country. By fostering innovation, enhancing skill development programs and improving access to financial resources, we can empower MSMEs to become more competitive on a global scale. This in turn will bolster the sector and drive sustainable economic development and inclusive growth across the nation.”

Mr. Bhavesh Jain, MD and CEO, TransUnion CIBIL said: “For MSMEs to achieve sustainable growth, it is imperative that they receive assistance in accessing formal credit and guidance in debt management. Additionally, fluctuations in the business cycle affect these enterprises disproportionately, as they often lack the financial reserves or support necessary to navigate adverse conditions. Therefore, it is crucial to extend support to this sector and equip them with tools for effective financial management.”

22nd May 2025: This summer, Just Cavalli brings a bold and radiant touch to the world of fashion accessories with the launch of its Summer 2025 Collection—a series of elegant, statement-making watches that effortlessly blend contemporary design with timeless elegance. Known for its distinctive style and iconic motifs, Just Cavalli continues to redefine modern luxury with timepieces that are as powerful as they are polished.

From sleek metallic straps to embossed dials and signature animal-inspired detailing, each watch in the collection reflects the brand’s unmistakable aesthetic—bold, confident, and effortlessly chic. Whether you’re dressing up for a summer brunch or heading out for an evening affair, these watches are designed to be versatile fashion companions, elevating any outfit with their refined craftsmanship and standout appeal.

Key Highlights from the Collection

• Analog Snake Watch: A bold reimagining of high-fashion style, this watch features a striking green oval dial framed by a crystal-encrusted bezel. Paired with a luxurious gold strap and durable mineral glass, it brings glamour and resilience together in one stunning accessory.

• Brillante Snake Watch: With its asymmetrical rose gold dial and matching stainless steel strap, this timepiece exudes modern sophistication. The unique shape and delicate detailing make it an ideal piece for women who appreciate design-forward fashion with everyday functionality.

• Fiore Analog Watch: Featuring a gold stainless steel strap and a silver dial adorned with shimmering crystals, this elegant piece captures the essence of timeless luxury. Its radiant finish and clean design make it a versatile staple in any watch collection.

• Vita Analog Watch: This eye-catching design combines a polished rose gold strap with a deep olive dial and a crystal-embellished bezel. The harmonious color palette and refined construction make it a standout statement piece, perfect for elevating any ensemble.

Each watch in the Summer 2025 line offers water resistance up to 30 meters, ensuring practicality without compromising on style. True to Just Cavalli’s legacy, these timepieces are more than accessories—they are expressions of individuality, elegance, and confidence.

With this new collection, Just Cavalli continues to cater to the modern woman—one who values both precision and panache, and isn’t afraid to make a bold impression wherever she goes. The Summer 2025 Collection isn’t just about telling time; it’s about telling a story—one of luxury, identity, and timeless style.

Bengaluru, 22 May 2025: Kotak Mahindra Bank (“KMBL”/“Kotak”) today introduced a bold new chapter for Kotak811, its flagship digital banking platform, with a campaign that celebrates the seamless, intuitive, and full-service experience it now offers. Designed for India’s digital–first generation, the new Kotak811 is more than just an app—it’s a complete bank in your pocket.

India is undergoing a remarkable transformation in consumer behavior, fueled by widespread smartphone usage, affordable internet access, and increasing confidence in digital ecosystems. With over a billion mobile connections and a youthful, tech-savvy population, the stage is set for a digital banking revolution. Today’s consumers demand more than traditional banking—they want speed, simplicity, and security, all seamlessly integrated into a mobile-first experience. This is precisely the space Kotak811 is designed to lead.

Speaking at the launch of campaign, Rohit Bhasin, CMO and Head – Propositions, said “At the heart of this evolution is a vibrant campaign featuring Ranveer Singh, capturing the essence of what modern banking should feel like: effortless, fast, and smooth. The campaign’s core message—“Banking so smooth, it’s Makkhan”—reflects the app’s frictionless user experience and its ability to meet every financial need with just a few taps.”

Manish Agarwal, Business Head, Kotak811, said, “India stands on the brink of a digital banking breakthrough, and Kotak811 is built for this very moment. From instant onboarding in under five minutes to seamless UPI payments, smart investment tools, and cashbacks—backed by the credibility of Kotak Mahindra Bank—our platform delivers a truly digital–first experience. It’s not just about ease of use; it’s about trust, security, and a user journey that feels second nature. That’s our differentiator.”

Jay Kotak, Co-head, Kotak811, emphasized the customer-centric approach behind the platform’s evolution, “This is not just a new campaign—it’s a reflection of how deeply we’ve listened to our customers. Today’s Indian consumer expects more than just an amazing payment app. They want a full-service bank that’s fast, intuitive, and always accessible. Kotak811 delivers exactly that.”

India, 22^nd May, 2025: Vogue Eyewear proudly welcomes Bollywood actor Shahid Kapoor as the new brand ambassador, marking an exciting new chapter for the iconic eyewear brand. Shahid joins longstanding brand ambassador Taapsee Pannu in a visually captivating campaign film that emphasizes Vogue Eyewear’s commitment to individuality, self-expression, and personal style.

In a world where conformity often takes center stage, the campaign reinforces brand ethos through the lens of the ‘No Rules Club’ and celebrates those who live life on their own terms. The film reaffirms that being true to oneself is the only rule that matters.

In a striking film set within a modern, gallery-inspired space, Shahid and Taapsee share a dynamic blend of playful banter and introspective moments. The setting serves as a powerful metaphor that just like art, style too thrives in freedom. The film further underlines that in a world of expectations and norms; one should live life unencumbered.

“Style to me has always been about self-expression without boundaries. I’m excited to join Vogue Eyewear and to be part of its campaign, that encourages people to be themselves, unapologetically and without rules,” said Shahid Kapoor.

Echoing this spirit, Taapsee Pannu added, “Working with Vogue Eyewear has always been about embracing who I am — unfiltered and free”. She also shared her excitement about the collaboration in the new campaign, “Together we hope to inspire more people to own their style, their way.”

The eyewear featured in the film go beyond being just fashion accessories as they are reflections of individuality, charisma, and inner confidence. From bold silhouettes to elegant classics, the new collection reinforces how the right eyewear doesn’t just elevate your look; it completes your expression.

National, May 21, 2025: Bringing Ibrahim Ali Khan and Shanaya Kapoor together for the first time on screen, sports brand PUMA India has released a cinematic ride with a new campaign film for its iconic Palermo sneaker. The two budding young actors bring their natural chemistry to the screen with a side of India’s youthful chaos that turns ordinary moments into extraordinary.

The two-minute-long film is a heartfelt celebration of young India’s creativity and resourcefulness. The fresh pair of Bollywood is seen teaming up with their gang, adding fun to their everyday lives. Whether it’s Shanaya upcycling her old PUMA jacket into a trendy ensemble, Ibrahim hitchhiking to save a quick buck, or the gang transforming a humble bedsheet into a rooftop movie screen, the crew cruises through to find joy on a sidewalk budget. It is a playful take on how the country’s youth stay inventive, expressive, and always in motion — with Palermo as their go-to sneaker for every step.

Ibrahim Ali Khan, Actor & PUMA India ambassador, said, “The film is all heart, all hustle, and just so close to how I feel our generation rolls. PUMA has this unique way of turning everyday stories into something cool and real and it brought out that side of me too. Shooting with Shanaya was super chill, and I think our chemistry just shows. Everything was easy, spontaneous, and very us. The Palermo sneaker adds to the mood. It’s classic, stylish, and built for every kind of plan or no-plan kind of day in our lives. I am sure that my new film with PUMA will strike a chord with all in the country, can’t wait to see everyone’s reactions!”

Shanaya Kapoor, Actor & PUMA India Ambassador, added, “What I love most about this film is how it keeps things real — it’s not about perfection, it’s about personality. We had a blast bringing that mood to life, and it really felt like one big hangout. The Palermo fitted right in. It’s easy, effortless, and full of character, just like the moments we’ve captured. Shooting it with Ibrahim was all masti, no pressure, and it all comes through on screen.” 

Rooted in the legacy of football terrace culture, known for its classic T-toe construction and gum sole, the Palermo sneaker has long been a symbol of style, community and self-expression. With this new campaign film, PUMA yet again puts India’s cool youth culture at the forefront, where creativity, jugaad, and street-smart innovation rule. As a sports brand deeply invested in sport and style, PUMA continues to tell iconic stories that effortlessly bridges its global legacy to India’s truly local voice.

Commenting on the occasion, Shreya Sachdev, Director-Marketing at PUMA India, said, “As a global brand, PUMA has always successfully existed at the forefront of local culture. We believe in telling stories that feel fresh, yet familiar and full of heart. Celebrating the spirit of resourcefulness that India thrives on — finding joy in chaos and creativity, and ensuring that your circumstances don’t hold you back from living life to the fullest — is what PUMA Palermo is all about. This is why it continues to hold a special place in the hearts and wardrobes of India’s youth.”

The film’s feel-good energy builds on the massive success and nostalgic warmth of PUMA’s first Palermo film released in 2024— a vibrant ride through Mumbai, Kolkata and Shillong that celebrated friendship and city culture. Palermo 2.0 dials it up with newer energy. While the heart of the story remains the same — capturing how today’s youth do more with less — this time the film layers in bolder visuals, cooler hacks and moments that feel straight out of your own camera roll.

This year also sees the iconic Palermo sneaker in newer avatars. Besides fresh colourways, the new drop will soon introduce Palermo Premiums — a refined, all-leather silhouette with luxe finishings and signature trimmings.

Mumbai, May 21, 2025: Indian Renewable Energy Development Agency Ltd. (IREDA), the largest pure-play green financing NBFC in the country, has been recognized as the top performer among Power and NBFC sector CPSEs by the Department of Public Enterprises (DPE) for the annual performance MoU signed by the company for FY 2023-24.

Vadodara, 2025: BAR – short for Baker’s Artisanal Recipes – is rewriting the rules of chocolate in India with a homegrown couverture that rivals the world’s finest. Designed especially for bakers and confectioners, BAR is a sensorial celebration of texture, technique, and taste. What makes it truly stand apart is its signature melt-in-your-mouth quality, achieved through the precision of phase V crystal tempering – a rare and meticulous process that delivers the perfect glossy finish, clean snap, and a slow, luxurious melt.

Crafted with the needs of bakers at its core, BAR was born out of a desire to make premium-quality couverture chocolate both accessible and practical. Every detail – from the carefully sourced cocoa butter to the thoughtfully designed 100-gram break lines – is tailored to simplify the baking experience without compromising on quality. BAR’s resealable pouches eliminate the need for extra storage, while the clean, easy-to-handle mould ensures less mess and more joy in the kitchen.

From the creamy sweetness of 33% Pure White couverture to the bold richness of 99.5% Dark couverture, BAR offers something for every taste profile, including keto and diabetic-friendly options. If you’re a home baker or enjoy baking as a hobby, you can try out the handy BAR nickels featuring easy-to-melt chocolate callets. Moreover, a B2C collection called ‘The BAR Collective’ conceptualized on Bean to Bar chocolates also made its foray recently in Bangalore.

But BAR is more than just chocolate. It is a brand built on three foundational principles: Baker’s Utility, Artisanal Quality, and Recipe Possibility. In pursuit of true artisanal excellence, BAR focuses solely on couverture chocolate, made with handpicked cocoa butter and powder, tempered with scientific precision to unlock its full potential. No shortcuts, no substitutes – just pure, premium chocolate created in small batches for maximum freshness and flavour.

Health-conscious and quality-obsessed bakers will appreciate BAR’s refusal to compromise. Unlike compound chocolates that rely on hydrogenated vegetable fats, BAR couverture contains genuine cocoa butter – a natural fat known to support heart health, regulate cholesterol, and enhance overall wellness. The difference is not just in taste, but in the integrity of the ingredient list. With BAR, bakers are not only choosing superior performance but also a chocolate that aligns with clean-label values.

Community is at the heart of everything BAR does. Through initiatives like BARofChoc Diaries and BARofChoc Post-Its, the brand showcases recipes from a diverse range of bakers – from professionals to passionate home chefs – fostering a culture of creativity, inclusivity, and inspiration. Whether vegan, sugar-free, or simply adventurous in flavour, BAR welcomes all palates and preferences under one shared passion: baking the world a better place.

With a product born of science, a process grounded in craftsmanship, and a purpose that uplifts the baking community, BAR is proudly raising the standard of Indian chocolate. It may not come from Switzerland, but it melts with the same magic – and it’s made with even more heart.