24th January 2025: Adani Wilmar Limited (AWL), one of India’s leading Foods FMCG companies, has marked a significant milestone by inaugurating one of India’s largest integrated food processing plant in Gohana, District Sonepat, Haryana. Developed at a cost of ₹1,298 crore, this expansive 85-acre facility has officially commenced operations with the dispatch of its first 100 metric tonnes of rice. The new plant is poised to propel socio-economic growth in the region, creating 2,000 direct and indirect jobs and invigorating the local agri-economy by offering a direct market for local farmers’ produce.

This state-of-the-art greenfield project reinforces underscores AWL’s commitment to bolstering India’s food security, offering a total annual production capacity of 627,000 MT across a range of staple food products—rice, wheat flour, suji, rawa, maida—and 2,00,000 MT of edible oils. The facility also integrates sustainability and energy efficiency into its core design, employing biomass fuel (rice husk) and a zero-liquid discharge system, along with installing rooftop solar panels capable of generating 5.6 MW of electricity. A co-generation (steam turbine) plant adds 3.2 MW of power, reducing the complex’s environmental footprint.

Commenting on this landmark achievement, Mr. Angshu Mallick, MD & CEO of Adani Wilmar Limited, said, “The commencement of our Gohana plant represents a significant step forward in our commitment to India’s food security and economic growth. This state-of-the-art facility exemplifies our mission to support a healthy growing nation by bringing advanced technology and world-class infrastructure to ensure citizens have access to the best quality branded staple foods. We have a central audit system which ensures quality checks. We ensure that all our specifications meet FSSAI requirements and that all our plants follow the American Institute of Bakers standard which has over 280 points on which audit is done. All our endeavors are towards delivering the best quality food products to people. Beyond enhancing our production capabilities, this plant will create substantial employment opportunities, driving socio-economic development and empowering communities to thrive.”

The cutting-edge complex, meticulously designed by Larsen & Toubro Technology Services (L&T), incorporates advanced engineering solutions from global leaders such as Satake Corporation, Bühler Group, Alfa Laval India, Mactek Solutions, and Kirby Building Systems. Extensive engineering efforts in planning, design, and execution are laying the groundwork for a transformative infrastructure to revolutionize food production.

Pawan Kumar Jaitly, Global Delivery Head-FMCG, Plant Engineering, Larsen & Toubro Technology Services (LTTS), said, “The integrated facility demonstrates L&T’s expertise in building world-class food processing infrastructure. The 85-acre plant incorporates construction technologies and sustainable design principles, setting new benchmarks in the industry. We’re proud to have delivered this project that will significantly boost India’s food processing capabilities.”

Adani Wilmar’s largest greenfield project is in line with the broader vision of strengthening India’s food processing capabilities and advancing regional economic prosperity. The expansion of the integrated food complex continues to progress steadily. Till date over, 10,000 MT of steel structure, 7,500 MT of Tor steel, and 100,000 cement bags have been utilized, marking significant milestones in this ambitious endeavor.

National, January 24, 2025: This Republic Day, PVR INOX, India’s largest and most premium cinema chain, presents the highly anticipated action-packed thriller SkyForce, marking the first mega-blockbuster release of 2025. A gripping tale based on true events, SkyForce celebrates the bravery, sacrifice, and patriotism of the Indian Air Force, offering an exhilarating cinematic experience perfect for the Republic Day weekend.

The film marks the highly anticipated return of Bollywood’s Khiladi Akshay Kumar to the big screen and introduces Veer Pahariya, who makes his acting debut as a fearless Air Force officer. Pahariya’s performance has already generated significant buzz, and moviegoers are eagerly awaiting his portrayal of a hero in the sky. Paired with a strong supporting cast including Sara Ali Khan and Nimrat Kaur, SkyForce promises to deliver a cinematic experience that will leave audiences on the edge of their seats.

SkyForce follows India’s elite air force squadron as they undertake daring aerial combat missions to defend the skies, delving into themes of valor, dedication, and love for the nation. This high-energy film, made for the grand theatrical experience, offers breathtaking visuals and a strong patriotic theme, making it the perfect choice to honor the nation during this significant occasion.

“SkyForce, with its patriotic theme, is the perfect cinematic experience that brings families together to celebrate. This highly anticipated Akshay Kumar blockbuster is made for the big screen, and we expect a 20% surge in footfalls during the Republic Day weekend. The response has been highly encouraging, and we’re excited to offer audiences the chance to experience it in all its glory.” – said Mr. Kamal Gianchandani, Chief Business Planning & Strategy, PVR INOX Ltd.

Don’t miss out on this chance to soar high with SkyForce, celebrate the courage and sacrifice of our armed forces, and kick off 2025 with an unforgettable cinematic experience.

 Mr. Shobhit Singh, Managing Director & CEO, Stone Sapphire India Pvt Ltd:

“As we look forward to the next Union Budget, we urge the government to focus on both sustainability and affordability for MSMEs, which are the future of India’s economy and sustainable growth. While the government has taken commendable steps in this direction, such as the PLI scheme for toys and the NAPT, much more needs to be done in terms of financial reforms to encourage MSMEs to become sustainable and innovative.

With India’s commitment to achieving net-zero emissions by 2070, MSMEs, especially in the toy and sports industries, need to be empowered to adopt green practices. This would mean increasing access to financial incentives and government-backed programs such as RAMP, TEQUP, and ZED certifications, which enable MSMEs to adopt green technologies and reduce their carbon footprint.

However, MSMEs still struggle to access timely and affordable credit with a mere 14% credit penetration compared to the global average. The government should simplify the loan application process and consider alternative financing options like government-backed P2P lending platforms and credit insurance schemes that will bridge this gap. A compliance framework simplified and tailored to the needs of MSMEs will also ease the regulatory burden on businesses, helping them focus on growth and sustainability.

Present-day consumers are very conscious about their environment and so MSMEs should take advantage of this and support the sustainability movement that is trending globally; thereby not only marketing themselves better but also securing some loyal customers as well as overseas partnerships. Long-term growth is only achievable through the government, which needs to offer the necessary financial support and policy measures that can enable MSMEs to succeed sustainably in the competitive international market.”

Ms. Kavita Kerawalla, Vice Chairperson of VIBGYOR Group of Schools

“The allocation of ₹1.48 lakh crore in the last Budget for education, employment, and skilling was a commendable step in strengthening India’s position as a global talent hub. As we approach the next Union Budget, we are hopeful that a significant share will go towards education, particularly for teacher training. Investing in our educators is key to building a skilled and inclusive workforce ready to tackle future challenges.Such investments will boost both foundational and higher education, giving our youth the skills they need to excel in a competitive job market. These steps will also ensure quality education reaches every corner of the country, helping bridge the digital divide and bringing the benefits of technology to all students.

We believe the upcoming Budget should focus on building strong digital infrastructure to support blended learning, narrow the rural-urban gap, and scale technology-driven education programs. This will help us thrive in the digital era, preparing students for a tech-focused world.These initiatives won’t just empower our youth—they will also drive India’s journey to becoming a developed nation by 2047. We hope to see a focus on modernising education to match industry needs while encouraging the growth of the EdTech sector.

Such moves will greatly benefit private institutions like ours, helping us strengthen tech infrastructure, run advanced teacher training, and adopt sustainability measures. We’re optimistic about continued government support in these areas to help us contribute more effectively to India’s education system.”

 Ms. Piyush Peshwani, Co-founder and CEO at OnGrid

“As India accelerates its journey toward digital transformation, we anticipate that the upcoming Union Budget will focus on further strengthening digital public infrastructure (DPI), which can reduce the cost of regulatory compliance, trust and safety. DPI can be used to verify individuals as well as entities, and we hope that this verification is available to all relevant stakeholders, in line with data privacy and security regulations.

The access to DPI should become easier, as opposed to a complex “licence” based approach, which limits its usage, and can curb innovation. A small but genuine startup should also have similar access (with necessary checks and balances) as a large regulated enterprise.

Emphasis on digitized credentialing and AI-powered KYC / KYB and verification has the potential to boost efficiency, security, and credibility in various economic transactions.

We are optimistic that the budget will act as a catalyst for growth and reaffirm India’s commitment to building a digitally empowered economy”.

 Mr. Sagar Kaushik, Associate Director, Growth Propelld, Propelld, 

 “The private education sector is crucial to India’s educational landscape, fostering innovation and skill development. However, government support for education fee-financing fintechs is urgently needed. Policy reforms, lower lending rates from public sector banks (PSBs), and co-lending models can reduce non-performing assets (NPAs) in higher education financing. Collaborations between PSBs and fintech platforms can streamline traditional lending processes, while fintech companies enhance accessibility and efficiency through technology-driven solutions.”

Mr. Suhani – Co-founder of Nishani, a jewellery brand

“The gems and jewelry sector in India is at an exciting crossroads, driven by the growing demand for personalized and modular designs that resonate with today’s consumers. To build on this momentum, I hope the upcoming Union Budget introduces measures that support small and emerging brands like Nishani, which are reimagining how jewelry is designed, worn, and experienced.

With the industry projected to grow at a CAGR of 8.34% between 2023 and 2028, initiatives such as reduced import duties on raw materials, tax incentives for domestic manufacturers, and enhanced support for skill development programs could significantly strengthen India’s position as a global leader in jewelry innovation. Furthermore, investments in e-commerce infrastructure and digital transformation will empower brands to scale and connect with a broader audience, both locally and internationally.

At Nishani, we’re passionate about celebrating individuality through customizable jewelry. A budget that fosters creativity and entrepreneurship would go a long way in enabling brands like ours to continue redefining the jewelry experience for modern consumers.”

Mr. Kunal Rishi, COO of Paras Buildtech

As we approach the Union Budget 2025-26, the real estate sector continues to be a cornerstone of India’s economic framework, contributing significantly to GDP growth and employment generation. This year, we look forward to policy interventions that will address long-standing challenges and unlock the sector’s true potential.  Recognizing real estate with ‘industry status’ remains a crucial demand, as it would streamline access to institutional funding and lower financing costs. Additionally, measures like single-window clearance for approvals and rationalization of GST on construction materials can dramatically enhance operational efficiency and cost management. We hope to see fiscal incentives that not only stimulate demand across all segments but also promote sustainable and innovative urban development.

Mr. Udit Jain, Director, One Group

Over the past few years, the prices of land and construction materials have risen sharply, not only in metropolitan cities but across the country. This, coupled with sustained demand, has significantly driven up property prices, making homeownership increasingly challenging for many. As a result, the real estate sector, particularly the housing segment, requires robust government support to make home buying more affordable for aspiring buyers.

Government intervention through targeted incentives could help alleviate the financial burden on homebuyers. One crucial area to address in the upcoming budget is the enhancement of the income tax deduction limit on home loan interest under Section 24(b), which has remained unchanged for over a decade. Increasing this limit would provide much-needed relief, particularly for buyers in high-cost urban markets.

Another key measure is the extension and expansion of the Credit Linked Subsidy Scheme (CLSS). The government should consider raising the property price threshold for affordable housing eligibility, enabling more middle-income families to benefit from this scheme. Such an adjustment would not only boost demand but also encourage developers to focus on affordable housing projects, a segment currently experiencing a downturn in supply.

Additionally, rationalizing stamp duty rates, especially in Tier-II and Tier-III cities, could significantly stimulate housing demand among mid-income and low-income groups. High stamp duty rates often act as a barrier for homebuyers, and reducing them could make homeownership more accessible in these emerging markets.

Another critical issue that the government should address—or guide the respective state governments to resolve—is the disparity between circle rates (also known as collector rates) and prevailing market prices in certain cities such as Bhiwadi and Tijara in Rajasthan, and Agra in Uttar Pradesh. In these areas, circle rates are often higher than actual market prices, leading to challenges in completing transactions between prospective buyers and sellers.

This discrepancy creates significant problems, including tax implications for both parties. The difference between the market rate and the circle rate is treated as notional gains and attracts taxation for both the buyer and the seller, even if no real gains are realized. Rationalizing circle rates to align them more closely with market values would help facilitate smoother transactions and alleviate these issues.

Dr. Yajulu Medury, Vice Chancellor, Mahindra University

 “We anticipate increased funding for the education sector in the upcoming budget as we see the growing emphasis on skill development, experiential learning, and research and development. The government’s focus should include initiatives such as tax incentives, industry-aligned training programs and faster patent approvals. Our young entrepreneurs need a strong support system right now. Increased financial incentives, simplified regulatory frameworks, and enhanced incubation support, will further stimulate the technological advancements. The government can establish more centres of excellence. However, it’s important to note that the success of these initiatives will also depend on the active participation of the private sector through public-private partnerships. Support towards these partnerships can enhance learning opportunities among students and make education more accessible. This approach can facilitate interdisciplinary education initiatives and bridge the gap between academic knowledge and practical application, ensuring a more holistic and effective education system.”

 Mr. Leela Kaza, Founder and Co-CEO of Bounteous x Accolite

“As India approaches the presentation of 2025 Union Budget, we stand at a crucial juncture to shape a Viksit Bharat by integrating technological advancements with foundational development. We hope to see a budget emphasizing digitalization and investing in transformative technologies such as artificial intelligence, quantum computing, biotechnology, and semiconductor manufacturing. Equally critical are investments in skill development, AI-focused R&D, and incentives to modernize industries/sectors like healthcare, manufacturing, retail, and agriculture— which should be the key to unlocking India’s $1 trillion digital economy vision.

This budget provides a unique opportunity to expand innovation hubs in tier-2 and tier-3 cities, foster public-private partnerships, and enhance access to advanced infrastructure. The nation can drive inclusive growth by empowering businesses across conventional and emerging sectors to innovate and scale.

We are optimistic that the budget will balance fostering cutting-edge technologies with addressing core developmental needs, solidifying India’s position as a global leader in technology and innovation.”

Mr. Kunal Arya, Co-Founder & Managing Director, ZELIO E Mobility Ltd., A leading EV 2 Wheeler Manufacturer

As India’s electric mobility sector gears up for an era of unprecedented growth, the Union Budget 2025-26 will play a critical role in shaping its trajectory. To ensure a sustainable future, we at ZELIO E Mobility believe that the government must introduce long-term subsidies akin to the FAME scheme, which will not only support the industry’s expansion but also encourage widespread consumer adoption of electric vehicles. Consistent policy backing will give manufacturers the confidence to invest in innovative solutions and scale production. We also urge the government to provide subsidies for the establishment of EV manufacturing plants. Facilitating this capital-intensive infrastructure will enable India to emerge as a global leader in EV production, stimulating local economies and fostering technological advancements. Simplifying access to financial services from banking institutions is another vital need of the industry. More accessible lending schemes and flexible credit options will allow EV manufacturers to expand their operations and bring high-quality products to market at a faster pace. Notably, we request a reduction in GST on spare parts from the current 28% to a more realistic range of 5-12%. This adjustment will substantially reduce production costs, allowing manufacturers to pass on the benefits to consumers, thereby further accelerating the adoption of electric vehicles- says Kunal Arya, Co Founder & Managing Director at ZELIO E Mobility Ltd.

Chennai, January 24, 2025: In a move that reinforces its growing footprint in India’s aviation sector, Çelebi India has been chosen as the ground handling partner for SpiceJet at Chennai International Airport (MAA). This strategic collaboration, effective immediately, is set to enhance the passenger and operational experience for SpiceJet flights at one of India’s busiest airports.

SpiceJet has recently bolstered its network by adding over 60 new flights, offering passengers better connectivity and more travel options. Notably, by the end of 2024, the airline introduced UDAN flights connecting Shivamogga (Karnataka) with Chennai and Hyderabad, and also launched double-daily flights between Chennai and Kochi, further strengthening regional connectivity, making Chennai one of the important sectors for the airline.

Çelebi proudly continues its partnership with SpiceJet at Chhatrapati Shivaji Maharaj International Airport (CSMIA) and Manohar International Airport, Goa. This extended mandate for a crucial sector like Chennai highlights Celebi’s expertise as a premier ground-handling service provider and reinforces the strong relationship cultivated with Spicejet as a trusted partner for the airline at these strategic locations.

Speaking on this partnership, Mr. Tauseef Khan, CEO – of Çelebi Ground Handling – India, said “Driven by increasing passenger volumes and substantial investments from both domestic and international carriers, India’s dynamic aviation environment calls for ground handling solutions that combine decades of experience with cutting-edge technology and modern practices. At Celebi, we take pride in offering this unique blend, delivering seamless, efficient, and innovative services that make us the trusted partner of choice for airlines navigating this exciting new era of Indian aviation. Being entrusted by SpiceJet for their ground handling needs at Chennai Airport is a testament to Çelebi’s unwavering focus on service excellence, operational reliability, and innovation. This milestone aligns with our vision of enhancing India’s aviation infrastructure and delivering superior experiences for passengers and airlines alike.”

Mr. Gavin Jeffries, Regional Manager South Region, SpiceJet, added “SpiceJet’s collaboration with Çelebi India has been instrumental in ensuring smooth and efficient operations at key airports, including Mumbai and Goa. We are delighted to extend this partnership to Chennai, where Çelebi’s proven track record of reliability and service excellence will play a vital role in optimizing our ground operations. As a domestic carrier connecting millions of travelers across the country, it is essential to work with partners who align with our commitment to delivering a superior travel experience.”

Çelebi India is renowned for its comprehensive ground handling services, which include passenger and baggage handling, aircraft ramp services, and more, provided to some of the world’s leading airlines. Operating at major Indian airports including Mumbai, Delhi, Bengaluru, Goa, Hyderabad, Ahmedabad, Cochin, and Chennai, Çelebi is the preferred partner for both legacy carriers like British Airways and Qatar Airways and dynamic domestic airlines like SpiceJet.

This latest partnership marks another milestone in Çelebi’s journey to strengthen its presence in India while raising the bar for ground handling standards in the aviation industry.

Goa, January 24, 2025: ESCAPE Goa, a premium lifestyle destination curated by renowned designer Ritu Beri, hosted Creative Confluence, a remarkable event celebrating the union of creativity, culture, and sustainable infrastructure. The evening was graced by the Honorable Union Minister for Road Transport and Highways of India, Shri Nitin Gadkari, and Goa Tourism Minister, Shri Rohan Khaunte, whose presence added immense value to this initiative. The event began with a warm welcome and a guided tour of ESCAPE, immersing guests in its unique blend of art, culture, and innovation. The Ministers explored the venue’s cultural and creative essence, setting the tone for an inspiring evening of collaboration and dialogue.

Shri Nitin Gadkari’s heartfelt address captivated the audience, as he emphasized the critical role of traditional art, craft, and culture in shaping modern infrastructure. Reflecting on his tenure as the MSME Minister, he expressed gratitude to Ritu Beri for her contributions to modernizing handloom and handicrafts, stating, “Handloom and handicrafts are essential as they reflect our cultural identity. Progress must be rooted in the pillars of ethics, economy, ecology, and environment.”

The highlight of the evening was the Awards Ceremony, where Shri Gadkari presented accolades to distinguished individuals for their exceptional contributions to culture, art, and community:

-Mrs. Pallavi Dempo:
For championing education, culture, and community growth in Goa.
-Avinash Martin:
For redefining culinary artistry & global flavors.
-Orlando Noronha:
For enriching Goan culture by preserving the Mando and Fado.
-Ranjit Philapose:
For revolutionizing luxury hospitality with innovation.
-Ash Chandler:
The pioneer of Indian stand-up comedy, actor, and musician.
-Aloo Gomes Pereira:
For enriching and preserving Goan culture through Festa de Povo.
-Tomas Menezes:
For fostering the preservation and evolution of Goa’s cultural identity.

Followed by high tea, featuring a thoughtful fusion of traditional Goan flavors and modern culinary sophistication. The Ministers engaged with esteemed guests, including MLAs, Sarpanchs, and creative minds, fostering meaningful discussions about building sustainable, creative visions for the future of infrastructure. Shri Gadkari even expressed his admiration for ESCAPE and shared a personal desire to reside in Goa someday, reflecting his fondness for the state’s vibrant culture. ESCAPE’s Creative Confluence proved to be an inspiring celebration of innovation, tradition, and sustainability. By weaving together creativity and community, the event left attendees deeply motivated to envision a harmonious blend of culture and development for a brighter future.

Hyderabad, January 24, 2025: The Government of Assam, in partnership with FICCI as the Industry Partner, hosted ‘Advantage Assam 2.0’ Hyderabad Roadshow on January 23rd, 2025; at Hotel Taj Krishna. The Advantage Assam 2.0 – Investment & Infrastructure Summit 2025, to be held on February 25 and 26, 2025; in Guwahati, aims to position Assam as a leading investment hub and gateway to Southeast Asia. Assam with its enhanced infrastructure, natural resources, and a single-window clearance system for investors, is primed for transformational growth. The Roadshow at Hyderabad was hosted to build momentum toward the Summit.

Dr. Ranoj Pegu, Minister of School Education, Higher Education, Tribal Affairs (Plain), Government of Assam; delivered a special address on ‘Advantage Assam’ at the Hyderabad Roadshow on ‘ADVANTAGE ASSAM 2.0 SUMMIT 2025’, highlighting economic transformation of Assam and its investor friendly policies, while inviting investments from across diverse sectors.

Senior officials from the Government of Assam, addressed the gathering of potential investors on the state’s pro-investment policies and engaged in direct discussions with the potential investors. Dr. B. Kalyan Chakravarthy, Additional Chief Secretary, spoke about Investment Opportunities and Tourism Sector in Assam and K. S. Gopinath Narayan, Principal Secretary (IT) addressed the gathering on Opportunities in AI-VR Tech for immersive experience to boost IT. Oinam S Singh, Commissioner, Industries & Commerce, and Mr. V V Rama Raju, Co-Chairman, FICCI Telangana State Council & Founder & Managing Director, Gaja Engineering Private Ltd.; also spoke on the occasion.

Addressing the gathering Minister Pegu said, ‘We have already seen tremendous interest from national and international players in Assam’s potential. The Hyderabad Roadshow will continue this momentum, connecting us with the brightest minds and businesses that can help shape Assam’s journey as a top investment destination. Assam has undergone a remarkable transformation in recent years, redefining itself in terms of communication, infrastructure, and industrial development. Today, we proudly present Aspirational Assam—a rapidly developing, forward-looking state poised for a brighter future.’

The Minister further deliberated on harnessing the power of technology to revolutionize the education sector. ‘An AI-driven management system for schools has been introduced, enabling real-time updates on every student’s performance and fostering seamless communication between teachers and parents. Our commitment to restructuring the educational landscape is evident through significant investments’, stated the Minister.

He added that the number of medical and engineering colleges has been expanded, with even more institutions set to open by 2026-27. Minister Pegu stated, ‘We are also proud to announce the commissioning of a dedicated university for Science and Technology and another exclusively focused on new-age technologies like AI and ML, which will soon become operational. In the past decade, 25% of the population has been lifted out of multi-dimensional poverty, laying a strong foundation for sustained progress. Assam is on the cusp of rapid industrial growth, and we invite you to explore the opportunities in East India, particularly Assam. The mindset of the people has shifted—they are more welcoming and eager to drive growth within the state. The State Government has also established the Assam Skill University, dedicated to skilling students and creating an employable workforce. The Government of Assam is committed to supporting industries by ensuring a steady supply of skilled manpower and providing a robust framework of assistance, incentives, and subsidies for those ready to invest in our state. We warmly welcome you to witness the rise and be part of the new Assam, journey as a dynamic, aspirational, and ready to take its place as a hub of innovation and industrial progress’, said the Minister.

Additional Chief Secretary Dr. Kalyan Chakravarthy said, Assam has achieved extraordinary economic growth over the last decade, doubling its economy from $29 billion to $68 billion, with an ambitious goal of reaching $130 billion by 2030. The growth rate outpaces the national average by 2%, showcasing Assam’s determination to catch up and even surpass expectations. Our tax revenue growth hit an impressive 25% last year, reflecting the state’s robust financial momentum. To further boost our economic landscape, the Government of Assam is establishing multi-modal logistic parks that will connect Assam to the entire South East Asian region, attracting significant interest from investors. Assam is also making an unprecedented ₹1 lakh crore investment in mega infrastructure projects, which will transform the region into a vital economic hub. With six operational airports and more in the pipeline, connectivity across the state and beyond is being strengthened like never before. In a landmark development, the Tata Group has invested in a semiconductor unit in Assam. Beyond this, they are partnering with us to equip the youth of Assam with industry-relevant skills through ITIs and polytechnic institutes, ensuring a skilled workforce that’s ready to meet the demands of global industries. Assam is not just growing; it’s thriving. ‘We invite you to be a part of this journey as we emerge as a gateway to South East Asia, brimming with opportunities and promise’, stated Chakravarthy.

Principal Secretary (IT) K. S. Gopinath Narayan said, Assam’s industrial policy is designed to be bold and aggressive, offering investor-friendly incentive schemes that make doing business here seamless and rewarding. We are deeply committed to fostering investor growth and building a strong partnership that leads to shared prosperity. With a vision to create an environment where businesses can thrive, Assam is paving the way for mutual success and sustainable development. Together, let’s unlock the immense potential of this dynamic state and achieve new heights of progress.

Commissioner of Industries and Commerce Oinam Sarankumar Singh said that Assam has an exhaustive basket of investor friendly policies. The industry policies of Assam are the most enabling ecosystem any state can offer.

V V Rama Raju, Co-Chairman, FICCI Telangana State Council & Managing Director, Gaja Engineering Private Ltd. said, the state of Assam is rapidly emerging as a key driver of India’s economic growth, carving out a pivotal role in the nation’s development. With dynamic advancements across diverse sectors such as semiconductors, aerospace, defence, pharmaceuticals, renewable energy, and food processing, Assam is making its mark on the global map. Today, Assam stands tall as a bright and promising destination for investors, offering unparalleled opportunities in a region brimming with potential. With its strategic location, rich resources, and forward-thinking initiatives, Assam is not just growing—it’s transforming into a beacon of progress and innovation.

The Hyderabad Roadshow laid emphasis on Assam’s strategic strengths in key industries including Electronics and Semiconductors; Aerospace and Defence Manufacturing; Renewable Energy; Pharmaceuticals and Food Processing and Tourism and Hospitality.

24th January 2025 : As Ayodhya observes the first anniversary of Ram Lalla’s ‘Pran Pratishtha,’ Amish Tripathi’s lauded documentary, ‘Ram Janmabhoomi: Return of a Splendid Sun’, continues to captivate audiences with widespread acclaim and growing viewership. Raking in an impressive viewership of 10 million, the documentary secured the 4th position among the most-watched unscripted shows, according to Ormax Media. It was also the Top-most liked by viewers. Hosted by Amish Tripathi, it offers a comprehensive exploration of the story of the Ram Janmabhoomi temple, from the birth of Lord Ram till today, blending historical context with profound spiritual importance. It features insightful interviews with influential figures such as Former Home Minister L.K. Advani, UP CM Yogi Adityanath, Gurudev Sri Sri Ravi Shankar, Chief Justice Bobde, Ustad Amjad Ali Khan, Archaeologist K K Muhammed, among others.

Reflecting on the documentary’s journey, Dilip Piramal said, “As we mark the anniversary of the Ram Janmabhoomi Mandir, I’m grateful for the continued appreciation and recognition this documentary has received from our viewers. This is a civilisational moment for India and Dharma.’

Amish Tripathi said, ‘This project was born from a sincere attempt to narrate the story of the Ram Janmabhoomi temple’s cultural significance and its reconstruction — a moment of pride and unity for all Indians. It’s humbling to witness the enduring impact that the documentary ‘Ram Janmabhoomi: Return of a Splendid Sun’ has created so far.’

Produced by Dilip Piramal, Immortal Studios (founded by bestselling author and diplomat Amish & and his wife Shivani), and Casa Media, the documentary employs a thorough narrative technique to provide a realistic and detailed portrayal of the Ram Janmabhoomi temple. The title music composed by Grammy-award winning Ricky Kej, and sung by legendary singers Sonu Nigam and Malini Awasthi, has struck a chord with audiences.

Mumbai, India, 24 Jan, 2025: Mankind Pharma (BSE: 543904 | NSE: MANKIND) India’s fourth largest pharmaceutical Company today announced its financial results for the third quarter and nine months ended 31st December 2024. The information mentioned in this release is based on consolidated financial statements.

Mr. Rajeev Juneja – Vice Chairman & Managing Director

We achieved a healthy revenue growth of 24% YoY with strong adjusted EBITDA margin of 27.7% in Q3FY25, driven by continued outperformance in Chronic, strong recovery in OTC and consolidation of BSV.

30% YoY revenue growth in OTC business supported by strategic initiatives undertaken last year.

The integration of BSV is on track, with focus on mandate brands, improving productivity and adopting best practices to ensure long term sustainable growth.

2024 has been a transformative year – now having multiple building blocks – steady base business, fast growing specialty chronic segment, high potential OTC business, and high-entry barrier super specialty portfolio of BSV.

Q3 FY25 Performance Summary

• Revenue from Operations at INR 3,230 Cr, up by 24% YoY
  • Domestic revenue at INR 2,773 Cr, up 17%, Exports at INR 457 Cr, up 121% YoY
• Adjusted EBITDA margin of 7% up by 430 bps YoY and PAT margin of 11.9%
• Diluted EPS of INR 4 down by 17% YoY (FV Re.1)

9M FY25 Performance Summary

• Revenue from Operations at INR 9,200 crore, up by 17% YoY
  • Domestic revenue at INR 8,203 crore, up 12%, Export at INR 997 crore, up 83% YoY
• Adjusted EBITDA margin of 26.9% up by 210 bps YoY and PAT margin of2%
• Diluted EPS of INR 1, up by 9% YoY (FV Re.1)

Domestic Business

• Market share has increased from 4.4% in Mar-24 to 4.8% as of Dec-24 on account of BSV acquisition aided by leadership in Gynae ( 1 in IPM)
• Secondary sales growth of 5.0% vs 4% IPM growth impacted by
  • Corrective measures adopted to enhance field force efficiency which has effected the overall growth across therapies
  • Regulatory headwinds in certain key products in acute segment
• Growth partially supported by
  • Continued outperformance in chronic growth vs IPM chronic – 3x in Cardiac and 1.1x in Anti-Diabetics

• Consistently maintained 1 rank over last 7 years with prescription share of 4%
• Prescriber Penetration increased by 130 bps to 4% in MAT Nov-24 from 83.1% in MAT Mar-24

Consumer Healthcare Business

• Strong revenue growth of 30% YoY in Q3FY25 supported by steady growth across all key brands
• Strong growth in secondary sales  for Manforce Condom, Gas-o-fast and HealthOk of 13%, 28% and 26% YoY respectively
• Gaining strong traction in recent strategic launches: Manforce Epic (Premium category), Nimulid (Pain Management) etc.

Exports

• Revenue growth of 121% YoY driven by increase in our base business supported by new launches in last 12-24 months and consolidation of BSV
• Mankind (excl. BSV) has launched 1 product in Q3FY25 and 4 products in 9MFY25; taking the total launched products to 42 in US

Consolidated Profit & Loss Account

In INR Crore	Q3 FY25	Q3 FY24	YoY%	Q2 FY25	QoQ%
Revenue from Operations	3,230	2,607	23.9%	3,077	5.0%
Gross Margins %	71.0%	68.3%	270 bps	71.6%	(60 bps)
EBITDA	833	611	36.4%	853	(2.3%)
EBITDA Margin %	25.8%	23.4%	240 bps	27.7%	(190 bps)
Adjusted EBITDA Margin%	27.7%	23.4%	430 bps	27.7%	–
PAT	385	460	(16.4%)	659	(41.6%)
PAT Margin %	11.9%	17.6%	(570 bps)	21.4%	(950 bps)
Diluted EPS (INR)	9.4	11.3	(16.5%)	16.3	(42.0%)
Cash EPS (INR)	14.2	14.1	1.1%	18.9	(24.9%)

 

In INR Crore	9M FY25	9M FY24	YoY%
Revenue from Operations	9,200	7,894	16.5%
Gross Margins %	71.5%	68.7%	280 bps
EBITDA	2,372	1,957	21.2%
EBITDA Margin %	25.8%	24.8%	100 bps
Adjusted EBITDA Margin%	26.9%	24.8%	210 bps
PAT	1,586	1,465	8.3%
PAT Margin %	17.2%	18.6%	(140 bps)
Diluted EPS (INR)	39.1	35.9	8.7%
Cash EPS (INR)	49.2	43.3	13.6%

Segmental Revenue Break Up

In INR Crore	Q3 FY25	Q3 FY24	YoY%	Q2 FY25	QoQ%
Domestic	2,773	2,400	15.5%	2,796	(0.8%)
·  Consumer Healthcare	193	149	29.5%	232	(16.8%)
Exports	457	207	120.8%	281	62.6%
Total	3,230	2,607	23.9%	3,077	5.0%

 

In INR Crore	9M FY25	9M FY24	YoY%
Domestic	8,203	7,348	11.6%
·  Consumer Healthcare	631	550	14.7%
Exports	997	546	82.6%
Total	9,200	7,894	16.5%

Mandi, India – January 24, 2025 – The School of Management, Indian Institute of Technology Mandi (IIT Mandi) proudly concluded the Himalayan Business Summit (HiBS) 2025, a remarkable two-day event held on January 18–19, 2025. The summit brought together industry leaders, renowned professionals, and academic experts to explore the transformative potential of Artificial Intelligence (AI) in shaping the future of businesses.

The event, hosted by IIT Mandi’s School of Management, served as a dynamic platform to address key technological disruptions, engage in thought-provoking discussions, and facilitate mentorship and collaboration opportunities between students and business stalwarts.

The summit was inaugurated with a formal welcome address by Prof. Anjan K. Swain, Chairperson of the School of Management,who introduced the vision of HiBS and the role of IIT Mandi’s School of Management in shaping the next generation of leaders in AI and business. Prof. Manoj Thakur, followed with a detailed overview of the institution’s initiatives in bridging the gap between academia and industry.

The keynote address was delivered by Mr. Anup Purohit, Global CIO at Wipro Limited, who highlighted how organizations can align AI with their business strategies to foster innovation and enhance digital transformation.

The first panel discussion of the summit, themed “AI-Powered Personalization: Tailoring Products and Services”, was moderated by Mr. Karun Jalali (Director, Deloitte). Esteemed panelists, including Mr. Nilesh Biniwale (Pattern India), Dr. Tanushyam Chattopadhyay (Adani AI Labs), and Mr. Sarosh Kumar (Cognizant), engaged in a robust discussion on the importance of leveraging AI to deliver personalized experiences in today’s competitive market.

A standout feature of the day was the mentorship sessions, where students interacted with industry leaders, discussing career opportunities, technological trends, and real-world business practices. The day ended on a high note with an engaging cultural night, showcasing the diverse creative talents of IIT Mandi’s students through traditional Mandiyali dance, music, and more.

Day two commenced with a keynote address by Dr. Umesh Udayaprakash (Innova Solutions), who emphasized the growing influence of AI-driven innovation in reshaping global industries.

The second panel discussion, “AI-Driven Business Intelligence: Unlocking Data-Driven Insights”, moderated by Dr. Vinay Kumar, featured panelists like Mr. Abhijit Dutta (Accenture), Mr. Sumanyu Panda (SKLasS.AI), and Mr. Sidharth Balakrishna (BOD Consulting). They shared insights on transforming raw data into actionable intelligence for competitive advantage.

The final panel discussion, “AI & Cybersecurity: Protecting Digital Assets”, was moderated by Mr. Samir Datt (Foundation Futuristic Technologies). Panelists, including Mr. Venkatagiri (KFin Technologies), Mr. Ajay Sabnani (Genexa.AI), and Mr. Arnab Banerjee (Micron Technology), deliberated on safeguarding sensitive digital assets in the era of growing cyber threats.

The case competition was the centerpiece of the summit, where MBA students from IIT Mandi presented innovative solutions to contemporary business challenges. Their analytical skills and strategic thinking were highly praised by the esteemed jury, comprised of industry experts.

The event concluded with a valedictory address by Dr. Ashish Bollimbala, who commended the collaborative efforts of participants, organizers, and mentors in making HiBS 2025 a resounding success.

HiBS 2025 offered a wealth of learning and growth opportunities for MBA students. The event fostered meaningful networking opportunities, allowing students to connect directly with industry stalwarts and gain valuable insights into emerging trends and business strategies. Personalized mentorship sessions provided a platform for career guidance and a deeper understanding of real-world business operations. The discussions during the event highlighted the importance of bridging academia and industry, emphasizing the need for collaboration between educational institutions and businesses to effectively address industry challenges. Adding a vibrant touch, the cultural night celebrated diversity, creativity, and teamwork, enriching the overall experience for participants.

Mumbai, January 24, 2025: Today Global Developers, a leading real estate name from Navi Mumbai, has announced its rebranding as Today Group marking a significant step in connecting to newer audiences and markets.

Today Group’s new brand identity and logo design instills freshness to the brand’s styling. It has been chosen to resonate with a younger demographic while retaining the legacy and trust the group has built over the years.  The brand exercise reflects the Today Group’s vision to expand its reach, stay relevant to its stakeholders and create lasting connections in an ever-changing real estate market.

The new design stems from an infinite structure that symbolises the limitless opportunities the Today Group looks forward to as it expands into new geographies. The new infinity-inspired design is also a reflection of the promise of enduring bonds the company shares with its customers, promising happiness and satisfaction to all. It’s tagline, “Here. Forever,” is a reinforcement of Today Group’s commitment to ensuring confidence and trust among its audience.

Sharing his thoughts on the company’s new brand identity, Mr. Bhadresh Shah, Managing Director of Today Group said, “With a focus on architectural innovation and an unwavering commitment to excellence, the change is rooted in its core values of quality, integrity, loyalty, and professionalism in its mission to deliver long-term value to customers, investors, employees, and associates. With all this going, Today Group is launching 1 crore squarefeet across MMR in 2025 and is venturing into township, retail, commercial and mixed used developments.”

Commenting on the new logo and brand identity of the company, Mr. Bhavesh Shah, Joint Managing Director of Today Group, said, “The new logo represents more than just a visual change; it embodies the transformation Today Global Developers has been undergoing as a company. As we scale from a Rs 400 crore to Rs 1,000 crore, Today Group is introducing new projects, expanding its portfolio, and implementing cutting-edge systems and processes. This rebranding reflects Today Group’s aspiration to connect with a broader audience, embrace innovation, and remain a forward-thinking organisation.”