APSEZ PAT grows 32%, crosses Rs 8,000 crores
Ahmedabad, 31 January 2025: Adani Ports and Special Economic Zone Limited (APSEZ) today announced its results for the quarter and nine months ending 31st December 2024.
Particulars (Rs Cr) | Q3 FY25 | Q3 FY24 | YoY | 9M FY25 | 9M FY24 | YoY |
Cargo (MMT) | 113 | 109 | 4% | 332 | 311 | 7% |
Revenue | 7,964 | 6,920 | 15% | 22,590 | 19,814 | 14% |
EBITDA1 | 4,802 | 4,186 | 15% | 14,019 | 11,820 | 19% |
PAT2 | 2,518 | 2,208 | 14% | 8,038 | 6,089 | 32% |
“I am excited to share the fantastic momentum we have achieved during 9M FY25, driven by exceptional execution across 3 key areas of our business – market share gains coupled with volume-price mix increase, traction in logistics vertical, and operational efficiencies along with technology-led gains. On the logistics front, in line with our commitment earlier in the year, we launched a new trucking platform, which is being integrated across the rest of the logistics value chain and will make us a true integrated Transport Utility. We have also upgraded our FY25 EBITDA forecast to Rs 18,800-18,900 crores. Moreover, it is incredibly gratifying to be recognized by S&P Global CSA as one of the Top 10 companies globally in the transport industry. This prestigious recognition reflects our focus on imbibing sustainability across our operations,” said Mr. Ashwani Gupta, Whole-time Director & CEO, APSEZ.
Strategic highlights
- Started Trucking Management Solution (TMS), a technology platform that acts as a transformational marketplace + fulfilment solution to streamline supply chain for customers
- TMS offers an easy-to-use marketplace interface, handles end-to-end trucking workflows, can be seamlessly integrated with client systems, enables real-time tracking, and includes analytical tools for pricing and operational insights. TMS incorporates SLA-based fulfilment assurance across a wide range of fleet options, including full-load and partial-load shipments
- Closed Gopalpur and Astro Offshore transactions worth over Rs 4,600 crores
- Signed 30-year concession agreement to manage container terminal at Dar es Salaam Port, Tanzania
- Vizhinjam port commenced commercial operations, post extensive trials. During the trial period, the port handled 70+ vessels and 147,000+ containers
- Commenced O&M operations at Syama Prasad Mookerjee Port’s Netaji Subhas dock
- Placed India’s largest order for eight harbour tugs with Cochin Shipyard. The contract value is estimated at Rs 450 crores and deliveries are scheduled to begin in December 2026 and continue until May 2028
Operational highlights
- APSEZ clocked 332 MMT (+7% YoY) cargo volume in 9M FY25 led by growth in containers (+19% YoY), liquids and gas (+8% YoY) and dry and dry bulk cargo (iron ore, limestone, minerals, coking coal, etc.), partially offset by decline in imported non-coking coal
- All-India cargo market share for 9M FY25 stood at 27.2% (up from 26.5% in FY24). Container market share for 9M FY25 stood at 45.2% (up from 44.2% in FY24)
- Logistics continued to demonstrate momentum with growth across container volume (0.48 Mn TEUs, +9% YoY), bulk cargo (16.1 MMT, +13% YoY) and container volume handled at MMLPs (3,33,419 TEUs, +19% YoY)
- During November ’24, Mundra handled 396 vessels and executed 845 vessel movements, making it the highest ever monthly achievement by the port. Mundra port also exported a record breaking 5,405 cars in a single consignment during the month
- Gangavaram port launched container terminal operations with the inaugural EXIM vessel call of MV Synergy Keelung
Financial highlights
- Operating revenue grew by 14% YoY to Rs 22,590 crores. Ports revenue increased by 11% YoY to Rs 17,172 crores; Logistics revenue increased by 22% to Rs 1,852 crores
- EBITDA (excluding forex) increased 19% to Rs 14,019 crores. EBITDA margin increased to 62% (from 60% during 9M FY24).
- FY25 EBITDA guidance revised to Rs 18,800-18,900 crores
- APSEZ continues to maintain excellent financial discipline – net debt to TTM EBITDA stood at 2.1x (vs 2.3x in FY24)
- ICRA Limited reaffirmed the credit rating of long-term – fund based/non-fund-based limit and non-convertible debentures as [ICRA] AAA; stable and commercial paper as [ICRA] A1+
- India Ratings & Research reaffirmed the credit rating of non-convertible debentures and bank loans (long-term) as IND AAA/Stable and commercial paper and bank loans (short-term) as IND A1+
- S&P Global Ratings reaffirmed its rating at BBB- and revised outlook to “Negative” during the quarter. Moody’s Ratings reaffirmed investment grade rating ‘Baa3’ and revised its outlook to negative during the quarter
- Fitch Ratings reaffirmed APSEZ rating at BBB- and placed the long-term foreign-currency issuer rating and US dollar senior unsecured bonds on Rating Watch Negative during the quarter
ESG highlights
- APSEZ was ranked among the Top 10 global transportation and transportation infrastructure companies in the 2024 S&P Global Corporate Sustainability Assessment (CSA – scores as of 31st December), with a score of 68 (out of 100)—three points improvement over last year. APSEZ is now placed in the 97th percentile within the sector, improving from the 96th percentile in 2023.
- APSEZ was ranked among the Top 12 companies in transportation infrastructure by ISS ESG and was awarded ‘Prime’ status for the first time (making APSEZ equity and bond instruments eligible for responsible investments)
- APSEZ is targeting Net Zero by 2040. The company is on track to add 1,000 MW of new renewable capacity
- Krishnapatnam port received the 18th ICC Environment Excellence Award 2024 in the Platinum category demonstrating commitment to sustainability and responsible practices
Awards and accolades
- Mundra port received the ‘Shipping Terminal of the year Award’ at the 11th International Samudra Manthan Awards 2024
- Mundra port received ‘Port of the year – containerized cargo’ at the EXIM Star Awards 2024
- Mundra port was recognized at the Kutch Business Excellence Award 2.0 for excellence in infrastructure development and collaborative CSR projects
- Krishnapatnam port won the ‘Sustenance Organization Award’ at the QCFI Tirupati Chapter Meet. This award recognizes commitment to quality and continuous improvement
- Ocean Sparkle was awarded ‘The Maritime Standard Excellence Award’ at the Esteemed Star of the Industry Awards
- Ocean Sparkle was named as ‘Best Employer of Offshore Fleet’ at the Seajob Indian Anchor Awards 2024
Shree Cement announces Q3’FY25 results
Mumbai, January 30, 2025 – Shree Cement, India’s third largest cement group by capacity, today announced its financial results for the quarter and nine months ended on 31st December, 2024. The Company reported ₹ 4,235 crore of revenue and ₹ 947 crore of EBITDA.
Financial Highlight (Standalone)
Particulars | Quarter ended | % Change | |||
31st December, 31st December, 30th September,
2024 2023 2024 |
YoY QoQ | ||||
Net Revenue from Operations | 4,235 | 4,873 | 3,727 | -13% | 14% |
Operating Profit (EBITDA) | 947 | 1,234 | 593 | -23% | 60% |
Profit after Tax | 229 | 734 | 93 | -69% | 146% |
Cash Profit | 966 | 1,074 | 709 | -10% | 36% |
Operational highlights (Standalone)
- Total sale volumes up by 15% from 7.60 million tonnes to 8.77 million tonnes on QoQ basis
- Power & fuel cost optimized by 9% to ₹913 crore v/s ₹ 1,001 crore in Q2’FY25 due to softer fuel prices and operational efficiency
- EBITDA jumped to ₹947 crore from ₹ 593 crore on QoQ basis
- Led by cost optimization and efficiency measures, total expenditure (excluding depreciation and interest) came down from ₹4,122/ tonne to ₹3,748/ tonne on QoQ basis
- Sales of premium products stood at 15.0% of trade sale volume vs 14.9% in Q2’FY25
Commenting on the company’s performance for the quarter, Mr. Neeraj Akhoury, Managing Director of Shree Cement Ltd., stated, “Our strategy of prioritizing premium, high value products coupled with sharp focus on brand enhancement, strengthening the dealer network and optimizing the geo-mix has enabled us to improve our sale volumes. The results of our continued emphasis on operational excellence, efficiency improvements, and cost optimization are evident in our streamlined production costs this quarter. Looking ahead, we remain committed to increasing the volume of our premium product offerings and maintaining our relentless focus on further cost optimization.”
Capex Plans
The Company’s ongoing expansion projects in Jaitaran, Rajasthan (6.0 MTPA), Kodla, Karnataka (3.00 MTPA), Baloda Bazar, Chhattisgarh (3.40 MTPA), and Etah, Uttar Pradesh (3.00 MTPA) are
nearing completion. The Company expects to commission all these projects in the first quarter of FY25-26. The Company is continuously working to identify suitable opportunities to achieve its goal of achieving > 80 MTPA capacity by 2028.
Sustainability initiatives
In Q3 FY’25, the Company continued its efforts to improve its performance regarding its commitment to operational excellence and sustainable growth. Key highlights are:
- The Company’s share of green electricity in total electricity consumption stood at 55.1% in Q3’FY25 which is one of the highest in the Indian cement industry. The Company is consistently ramping up its green power generation capacity which stood at 522 MW at the end of Q3’FY25, up by 9% vis-à-vis 480 MW at the beginning of the FY24-25.
- The Company used 0.24 lakh tonnes of agro waste in its cement operations to conserve fossil fuel equivalent to producing 71 billion kCal and saving 0.28 lakh tonnes of CO2. As part of this agro waste consumption, the Company procured 7,130 tonnes of stubble during the quarter for its operations within the NCR region. The Company also consumed 1.04 lakh tonnes of hazardous waste during Q3’FY25, replacing the fossil fuel-based heat by 50.4 billion kCal.
- All the Company’s manufacturing locations are Zero Liquid Discharge, treating, recycling, and reusing 100% of wastewater generated from our operations. With a good monsoon this year, the Company aims to improve its water positively level of >7 times achieved in FY23-24.
- During the quarter, the Company commenced operations of its state-of-the-art, end-to-end solid waste feeding system for municipal solid waste consumption at one of its locations and this is being replicated at other plants also. This initiative shall help us enhance proportion of alternative fuel consumption and improve TSR level.
IHCL Signs SeleQtions Hotel in Mandawa Rajasthan
Chandigarh, JANUARY 31, 2025: The Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of a SeleQtions hotel in Mandawa, Rajasthan. In a conversion project, the haveli has been authentically restored to preserve its historical charm.
Commenting on the signing, Ms. Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said, “The growing interest in immersive travel experiences has fueled demand for heritage stays and cultural tourism. Mandawa, with its rich architectural legacy, serves as a convenient extension for travellers exploring the Delhi-Jaipur-Agra circuit. This signing underscores IHCL’s commitment to meeting diverse traveller preferences and tapping into emerging micro-markets. We are pleased to collaborate with Shri Vijender Singh Shekhawat and Shri Pushpender Singh Shekhawat on this project.”
Originally built in the 1870s, the haveli offers a remarkable glimpse into Mandawa’s storied past. Its mural paintings, dating back to the 1890s, feature intricate depictions of religious icons, floral and geometrical motifs, and scenes from life of the era. At the haveli guests can indulge in the culinary offerings at the all-day-diner, bar, or rooftop restaurant. Recreational facilities include a swimming pool, hammam, spa, and gym. The restored 17-key IHCL SeleQtions Mandawa will be extended to 35 keys.
Shri Vijender Singh Shekhawat and Shri Pushpender Singh Shekhawat said, “We are excited to collaborate with IHCL, a brand that brings their expertise in the leisure sector and a deep commitment to preserving and restoring heritage properties.”
Nestled in Rajasthan’s Shekhawati region, Mandawa is renowned for its exquisitely painted havelis, which feature the world’s largest collection of European-inspired frescoes, attracting tourists from around the world.
Vintage Coffee and Beverages Ltd. Financials result for the Third Quarter Period Ended December 31, 2024
Q3FY25 vs Q3FY24
During the Third-Quarter of FY25, the Company has achieved Net Sales of ₹ 88.15 Crores and Operating Profit of ₹ 15.07 Crores, reflecting growth of 134% and 166% respectively over the corresponding quarter of the last financial year. Profit after Tax for the quarter also increased to ₹ 12.45 Crores, registering growth of 247% over the corresponding quarter of the last financial year.
9MFY25 vs 9MFY24
During the Nine-month period ended FY25, the Company has achieved Net Sales of ₹ 203.37 Crores and Operating Profit of ₹ 31.37 Crores, reflecting growth of 129% and 115% respectively over the corresponding Nine-month period ended of the last financial year. Profit after Tax for the Nine-month period ended FY25 increased to ₹ 24.50 Crores, registering growth of 219% over the corresponding Nine-month period ended of the last financial year.
Mr. Balakrishna Tati, Managing Director informed that the Board has approved the capex for an additional capacity of 4500 tons per annum and it will be financed through internal accruals and the additional capacity is expected to be commissioned during Q4FY26. This is inline with the company’s vision and strategic move towards capacity expansion to cater to the increasing demand for coffee across the globe.
This additional line will be installed at its Instant Coffee Subsidiary Unit namely Vintage Coffee Private Limited located near Hyderabad. After installation of this additional line total capacity of the production will be 11000 Metrics tons per annum as against present capacity of 6500 Metrics tons per annum.
Air India and Kenya Airways Launch Codeshare Partnership
Chandigarh, 31 January 2025: Air India, India’s leading global carrier, and Kenya Airways, a leading African carrier, have entered a codeshare partnership, reaffirming their commitment to boosting seamless travel between India and Africa, and beyond. The codeshare partnership complements the existing interline agreement between the two carriers.
The codeshare and interline partnerships together allow passengers of both airlines to enjoy convenient access to a wider range of destinations across regions, leveraging a single ticket and a unified baggage policy for a hassle-free travel experience.
As part of the codeshare agreement, Air India will place its ‘AI’ designator code on twice daily flights between Nairobi and Mumbai operated by Kenya Airways, which will seamlessly connect passengers via Mumbai on Air India-operated flights to or from Bangkok (Thailand), Colombo (Sri Lanka), Dhaka (Bangladesh), Malé (The Maldives), Melbourne (Australia), and Singapore. These are in addition to existing connections that passengers from Nairobi can take to several other destinations within and outside of India via Delhi, when flying Nairobi to Delhi with Air India.
The new agreement also enables Kenya Airways to place its ‘KQ’ designator code on Air India-operated flights between Delhi and Nairobi, thus enabling Kenya Airways passengers from across Africa to travel to Delhi via Nairobi.
“Deepening our partnership with Kenya Airways aligns perfectly with Air India’s strategic vision of expanding our global footprint and strengthening our position in key markets”, said Nipun Aggarwal, Chief Commercial Officer, Air India. “Our codeshare partnership will provide significant benefit to guests of both airlines, and also contribute to the overall growth of air travel between India and Africa.”
The interline agreement between Air India and Kenya Airways enables passengers to seamlessly travel on a single itinerary between any of 28 points in Africa (Accra, Addis Ababa, Dar Es Salaam, Harare, Johannesburg, Cape Town, Victoria Falls, Seychelles, Kilimanjaro, Mombasa, and Zanzibar to name a few), and any of 15 points in India (Ahmedabad, Bengaluru, Chennai, Delhi, Goa, Jaipur, Kochi, Kolkata, and Hyderabad to name a few).
“We are delighted to expand our partnership Air India, that will open up significant opportunity for our passengers. This codeshare agreement allows us to offer seamless connections to a wider range of destinations across both airlines’ networks, making travel easier and more convenient” said Julius Thairu, Chief Commercial and Customer Officer, Kenya Airways.
Air India and Kenya Airways plan to progressively add other destinations in their networks to the codeshare agreement.
Garuda Aerospace Unveils Drone City Plans with Union Minister Naidu
31st January 2025, Chennai – Garuda Aerospace, India’s leading drone manufacturer and a prominent member of the Bharat Drone Association, has announced a significant investment of Rs. 100 crore for the development of Andhra Pradesh as India’s first ‘Drone City’. The announcement came during a strategic meeting with the Minister of Civil Aviation, Shri Rama Mohan Naidu Ji. This ambitious project aims to foster drone innovation, research, and development in India, transforming the nation into a global hub for drone technology.
During the meeting, Garuda Aerospace’s CEO discussed the company’s alignment with ‘Viksit Bharat Sankalp Yatra’ and its significance in national development, the company’s ongoing contributions towards ‘Namo Drone Didi’ initiative, that empowers rural women through drone technology. The conversation also discussed, Garuda Aerospace’s rapid expansion across India and global markets demonstrating the company’s commitment in making India a global drone hub. He shared Garuda Aerospace’s strong progress in the agriculture industry and the company’s partnerships with leading global players.
“This investment signifies our unwavering commitment to revolutionising the drone industry in India and globally,” said Agnishwar Jayaprakash, Founder & CEO of Garuda Aerospace. “We envision the Drone City as a hub for drone innovation, fostering cutting-edge research, attracting top talent, and propelling India to the forefront of drone technology. This investment aligns perfectly with our vision of expanding our global footprint, pursuing an IPO, and continuing to develop innovative drone solutions that address critical societal challenges.”
Garuda Aerospace is a proud recipient of six DGCA approvals that include Type Certification and RPTO approvals. These validate the company’s technical expertise and commitment to regulatory compliance, essential for responsible drone development and deployment.
Mumbai Tech Week 2025: Pioneering AI Innovation with the Government of Maharashtra and TEAM
Mumbai, January 31, 2025: The Government of Maharashtra and TEAM (Tech Entrepreneurs Association of Mumbai) join forces to host the second edition of Asia’s largest AI event- Mumbai Tech Week (MTW), from February 24 to March 1, 2025. Following a successful inaugural year in 2024 and recognized by the Hon’ble Prime Minister, Shri Narendra Modi, MTW’25, aims to solidify Mumbai as an emerging force in tech and AI. This strategic partnership underscores India’s vision to become a global leader in artificial intelligence (AI), with Mumbai at the epicenter of this transformation.
“We are thrilled to present MTW’25 with the Government of Maharashtra, a landmark event that underscores Mumbai’s pivotal role in India’s ambitious AI & innovation ambition. This year’s event is a testament to the city’s dynamic ecosystem, where AI-driven innovation is not only transforming industries locally but also influencing global solutions. Mumbai stands at the forefront of the AI revolution, blending cutting-edge research, enterprise adoption, and world-class talent to redefine what’s possible. As the largest AI event in Asia and with an extraordinary lineup of leaders, Mumbai Tech Week 2025 is where the next era of technology is envisioned, discussed, and set in motion.” said TEAM spokesperson.
“With Mumbai contributing 4% to India’s GDP as its largest economic center, the Government of Maharashtra understands the critical role of technology in driving continued growth. Mumbai Tech Week 2025 provides the perfect platform for actionable insights and forward-thinking discussions on AI, as we partner with TEAM to solidify Mumbai’s role as an AI leader by supporting talent, infrastructure, investment, and innovation”, said Devendra Fadnavis, Hon’ble Chief Minister, Government of Maharashtra
Marking the convergence of tech, policy, governance, and AI, Mumbai Tech Week 2025 will demonstrate, deliberate on, and drive dialogue on the future of AI, showcasing what Mumbai’s AI boom means for the world. Spotlighting Mumbai’s emergence as the ‘AI Use Case Capital,’ driven by its strong entrepreneurial legacy and rapid AI adoption, Mumbai Tech Week 2025 will host a distinguished lineup of leaders across government, industry, technology, and entertainment.
Leading policymakers Shri. Piyush Goyal, Union Minister of Commerce & Industry, Shri. Ashwini Vaishnaw, Minister for Railways, Information & Broadcasting, Electronics & Information Technology, Government of India, Shri. Devendra Fadnavis, Chief Minister, Government of Maharashtra, and Shri. Rajeev Chandrasekhar, former Minister of State, Electronics & IT, Skill Development & Entrepreneurship, Government of India, will address the audience, followed by insights from industry titans N. Chandrasekaran (Chairman, Tata Sons) and Uday Shankar (Vice Chairman, Jio Star). Emerging leader Akash Ambani (Chairman, Reliance Jio Infocomm) will also be featured, alongside tech leaders Arundhati Bhattacharya (Chairperson and CEO, Salesforce India), Sandhya Devanathan (VP & Head, India, Meta), and Puneet Chandok (President, Microsoft India & South Asia) and unicorn founders Kunal Shah (Founder & CEO, CRED), Peyush Bansal (Co-founder & CEO, Lenskart), Bhavish Aggarwal (Co-founder & CEO, OLA), Ritesh Agarwal, (Founder & Group CEO, OYO) and Aadit Palicha (Co-founder & CEO, Zepto).
MTW’25 will further explore the intersection of AI with culture, creativity and sports, featuring prominent figures from cricket and entertainment industry, including Rahul Dravid, filmmaker and producer Karan Johar, actor and investor Suniel Shetty, and influencer Raj Shamani. Attendees will gain invaluable insights from these global AI builders and enablers, discovering how Mumbai is at the forefront of AI innovation and its impact on business, governance, and society.
The week-long event is divided into two segments:
- February 24, 2025 to February 27, 2025 – satellite events across Mumbai will feature workshops, hackathons, and more
- February 28, 2025 and March 1, 2025 (Mega Days) – The excitement culminates at the iconic Jio World Convention Centre, BKC, where attendees can look forward to keynotes, panel discussions, stand-up presentations, fireside chats, and networking events.
The event will feature discussions where industry leaders will deliberate on sector-specific AI implementation strategies. Through Mumbai’s lens of practical innovation, each segment—from entertainment to retail, and from manufacturing to financial services—will find a path to AI transformation.
Mumbai Tech Week 2025 is proud to partner with CNBC-TV18 as the official media partner, ensuring comprehensive and insightful coverage of MTW 2025’s key discussions and events.
The first edition of Mumbai Tech Week was the largest tech event in Indian history. Setting new benchmarks for technology conferences in India, Mumbai Tech Week 2024 drew over 4,000 attendees and featured more than 50 distinguished speakers from across the globe. The event catalyzed significant industry growth through 10 satellite events, partnerships with 30+ leading organizations, and facilitated over 100 job placements. A key highlight was the startup pitch competition, where 30+ innovative companies presented their groundbreaking solutions to top investors and industry leaders.
Ocular Trauma A Growing Yet Preventable Cause of Vision Loss in India
By: Dr. Pallavi Joshi, Consultant – Cornea, Ocular Surface & Refractive Surgery, Sankara Eye Hospital, Bengaluru.
Loss of vision is a significant public health concern in India, affecting an estimated 50 million individuals annually. One of the leading yet often overlooked causes of visual impairment is ocular trauma, particularly among young individuals. This not only impacts their quality of life but also has far-reaching socio-economic consequences. However, on a positive note, approximately 1.2% of vision impairment cases are due to avoidable blindness, highlighting the crucial role of timely medical intervention and preventive measures.
Understanding Ocular Trauma and Its Causes
Ocular trauma refers to any injury affecting the eye, including damage to the cornea, conjunctiva, eyelids, retina, or optic nerve. Each year, over two million cases of ocular trauma are reported in India, with 40,000 resulting in permanent vision loss. These injuries are broadly classified into two categories:
- Open-globe injuries – Full-thickness wounds of the eye caused by sharp objects or blunt force trauma leading to ruptures.
- Closed-globe injuries – Partial-thickness wounds resulting from blunt force impact or sharp objects affecting the cornea or sclera.
The most common forms of ocular trauma include blunt injuries, chemical burns, UV exposure-related burns, and orbital fractures. These injuries frequently occur due to workplace accidents, sports activities, assaults, and road accidents. Individuals working in high-risk environments, such as agricultural fields, construction sites, and chemical factories, are particularly vulnerable due to inadequate protective gear and poor safety awareness.
The Socio-Economic Impact of Ocular Trauma
Ocular trauma is more prevalent among young males and children, with the severity and causes varying based on socio-economic status. Farmers, laborers, industrial workers, and students are the most commonly affected groups. In many cases, a lack of awareness and access to affordable protective gear increases the risk of severe injury. Without immediate medical attention, ocular trauma can lead to irreversible vision loss, orbital deformities, and secondary complications such as infections and glaucoma. Beyond physical consequences, the condition imposes an emotional and financial burden on affected individuals and their families, often leading to a decline in productivity and quality of life.
“Avoid rubbing or applying pressure to an injured eye. Never attempt to remove foreign objects or self-medicate without professional guidance. Rinsing the eye to remove debris or chemicals and applying a cold compress can help reduce the impact before seeking medical attention. Immediate intervention is critical in preventing long-term damage, as even minor injuries can lead to severe complications if left untreated,” emphasizes Dr. Pallavi Joshi, Consultant – Cornea, Ocular Surface & Refractive Surgery, Sankara Eye Hospital, Bengaluru.
Preventive Measures to Reduce Ocular Trauma Cases
- Protective eyewear – Wearing safety goggles or protective glasses in hazardous workplaces and while riding can significantly lower the risk of eye injuries.
- Workplace safety education – Training workers on the importance of protective gear and the potential dangers of exposure to chemicals, sharp objects, and UV equipment.
- Sports safety – Using polycarbonate helmets and face shields to prevent eye injuries during sports activities.
- Childproofing homes – Eliminating sharp and blunt objects in households to reduce the risk of ocular trauma in children.
- Youth awareness programs – Educating young individuals on first-aid responses for eye injuries to minimize long-term damage.
The Way Forward
Despite its significant impact, ocular trauma remains an often-neglected health issue in India. A major contributor to this problem is the widespread lack of awareness about protective measures and the importance of timely medical intervention. By promoting proactive eye safety measures and ensuring access to quality healthcare, we can work toward reducing preventable vision loss. A future where ocular trauma-related blindness is a rarity rather than a common occurrence is within reach—one step at a time.
ARTISAN AWARDS 2025: Princess Gauravi Kumari Pays Homage to Indian Craftsmanship
31 January 2025, National: The much-anticipated Artisan Awards 2025 concluded on a grand note, with Princess Gauravi Kumari gracing the occasion as the esteemed chief guest. Known for her patronage of art and culture, Princess Gauravi Kumari presented the awards to the winners, lauding their ingenuity and dedication to preserving Indian craftsmanship and design.
The 8th edition of The Artisan Awards was hosted by the Gem & Jewellery Export Promotion Council (GJEPC) powered by GIA India, in association with the World Gold Council.
The presence of Princess Gauravi Kumari added a regal touch to the celebration, making it a night to remember for the artists, industry stalwarts, and dignitaries in attendance.
As the Artisan Jewellery Design Awards continue to spotlight the best of India’s craftsmanship, this year’s finale set a new benchmark in creativity, elegance, and royal patronage. She was joined on stage by Mr. Vipul Shah, Chairman, GJEPC; Mr. Kirit Bhansali, Vice Chairman, GJEPC; Mr. Sriram Natarajan, Managing Director, GIA India; Mr. Sachin Jain, Regional CEO, India, World Gold Council; Mr. Milan Chokshi, Convener, Promotions & Marketing, GJEPC; and Mr. Sabyasachi Ray, Executive Director, GJEPC.
The event celebrated the finest expressions of Indian craftsmanship under this year’s theme, “Indian Crafts Reimagined,” which received over 630 entries.
In the diverse realm of Indian crafts, the 2025 Artisan Awards highlighted the interconnected nature of regional artistry within the country. Each participant drew inspiration from India’s rich heritage, blending traditional techniques with innovative interpretations. This thoughtful fusion ensured that age-old crafts not only retained their cultural significance but also found a meaningful place in modern design narratives.
The viewing gallery of the 20 finalists from the 8th Artisan Awards, themed Indian Crafts Reimagined, was open at JWCC. The showcased designs blended heritage crafts with innovation, celebrating ancient traditions while ensuring their modern relevance.
A visibly impressed Princess Gauravi Kumari of Jaipur remarked, “All the winning jewellery designs showcased at GJEPC’s Artisan Awards innovatively incorporated traditional art and craft. I believe that traditional crafts will always be relevant to today’s generation as long as designers introduce fresh perspective and new twists, while utilising modern silhouettes that appeal to global audiences. The new-age young consumer is moving from fast fashion to slow luxury. Gen-Next will get interested if we shift the narrative from the brand or product to the karigar (artisan) – the storytelling of their creative vision and interpretation is always compelling.”
Talking about jewellery making and craftsmanship as legacy passed on from generation to generation, Princess Gauravi said, “Global connoisseurs recognise that Indian craft techniques have been passed on from one generation to another, just like the heritage legacy brands of Europe. Some of the best global designers have learnt and educated themselves about Indian craftsmanship and then used their creativity to bring innovation and relevance. My great-grandfather, Maharaja Man Singh II, wanted to see Jaipur as a global centre of design, art, and crafts. I want to carry forward this legacy and empower craftsmen who defy challenges and create with a positive attitude.”
Mr. Vipul Shah, Chairman, GJEPC, remarked, “The Artisan Awards aims to spotlight India’s unparalleled jewellery craftsmanship. This year’s theme, ‘Indian Crafts, Reimagined’, compelled participants to employ age-old crafts and design them through a contemporary lens, producing pieces that transcend cultural boundaries across the globe.
“Designing is one of the most sought-after skill sets in the industry and plays a pivotal role in generating value addition. For the sector to advance beyond retail, it is essential to enhance and expand design capabilities. The Artisan Awards serves as a platform to harness design talent at the grassroots level, nurturing India’s raw potential while driving innovation and creativity.
“At GJEPC, we also invest in structured skill development through our training institutes to ensure the industry’s sustained progress. Additionally, we strive to preserve and promote local crafts like the timeless jadau and meenakari of Jaipur and Benares, the intricate filigree of the East, and the temple jewellery of the South.
“I invite industry stakeholders such as the World Gold Council, PGI, and De Beers to collaborate with GJEPC in marketing and popularising India’s unique jewellery crafts on the global stage.”
Mr. Sachin Jain, Regional CEO, India, World Gold Council: “GJEPC’s Artisan Awards is a true testament of creativity and royalty in design capital. We at the World Gold Council are partnering with GJEPC to crown India as the jewellery hub of the world. It’s time for us to take Indian creativity and designs to the world. We appreciate the kalakaari (artistry) of India and will work with GJEPC to uplift the pristine status and impeccable standards of our craftsmanship. The Artisan Awards are a great celebration of Indian artistry. Every piece of gold jewellery crafted by these artisans is a testament to their dedication, skill, and artistic vision. The Awards serve as a platform to recognise their achievements and inspire future generations to appreciate and continue the legacy of gold jewellery artistry.”
Mr. Milan Chokshi, Convener, Promotion & Marketing, GJEPC adds, “The theme ‘Indian Crafts, Reimagined’ successfully inspired participants to leverage their creativity and design jewellery that seamlessly integrates global aesthetics with the essence of Indian craftsmanship. Through this journey, we witnessed exceptional pieces that not only preserved ancient crafts but also redefined their relevance for today’s discerning audience. The innovative interpretations highlighted the rich heritage of Indian techniques, demonstrating how our traditional craftsmanship remains relevant and continues to captivate younger generations in today’s dynamic world.”
The entries underwent a thorough scrutiny by a distinguished jury comprising Dr. Usha Balakrishnan, Eminent Jewellery Historian; Mr. Jay Sagar, Jewellery Specialist at AstaGuru Auction House; Mr. Apurva Kothari, Founding Partner of SAVAAB; Ms. Priya Tanna President, @trscreativeconsulting; Mr. Apoorva Deshingkar, Sr. Director – Market Outreach and Education, GIA India; and Ms. Shachee Shah, Founder & Creative Head, Shachee Fine Jewellery.
The technical jury included Mr. Devinder Layal, Jewellery Artiste and Educationist; Ms. Meenal Choksi, Head of Design, Moksh Fine Unseen Jewellery; and Ms. Sushama Kalzunkar Sawant, PD & Merchandising Head, KP Sanghvi.
At the celebratory event, GJEPC also honoured industry stalwarts whose remarkable contributions have made a lasting impact on both domestic and global fronts.
Mr. Sajil Shah, Creative Head and Founder of Sajjante, was honoured with the Design Excellence Award, while Mr. Ankit Mehta, Founder and diamond and jewellery business entrepreneur of the high-end brand Aneka, (previously Her Story), was bestowed with the prestigious Global Indian Jewellery Designer award.
Mr. Biren Vaidya, Managing Director of The House of Rose, was presented the Retail Excellence Award for its exceptional designs, high standards and excellent customer service.
The House of BNM was chosen for the Manufacturing Excellence Award, underscoring its commitment to quality and innovation. The award was received by its Co-Founder Mr. Binoy Shah.
Here’s what the judges had to say about The Artisan finalists:
Mr. Apoorva Deshingkar, Sr. Director – Market Outreach and Education, GIA India: “It is a privilege to be able to witness the design talent and their creations at The Artisan Awards. Not only does the theme – ‘Indian Craft, Reimagined’ – pose a challenge for the designers, but it also offers them a chance to creatively showcase the rich culture and heritage of Indian jewellery and artisanry. More than 630 entries are a testimony to the recognition that comes with a platform such as The Artisan Awards, and I extend my compliments to GJEPC for organising it successfully year on year and raising the bar in the process. GIA India continues to support this industry initiative that helps empower talented jewellery designers.”
Dr. Usha Balakrishnan, Eminent Historian: “Every Artisan piece has layers of narrative, from the designers who create it to the materials and designs that reflect our heritage. Crafts like Thewa, with their delicate artistry and potential for contemporary appeal, deserve greater global recognition.”
Mr. Jay Sagar, Jewellery Specialist at AstaGuru Auction House – “The designs beautifully blended tradition with contemporary appeal, and intricate creations that showcased impeccable attention to detail and lightweight charm. Indian craftsmanship is evolving, and with the younger generation of designers pushing boundaries, we are witnessing a transformative era.”
Mr. Apurva Kothari, Founding Partner of SAVAAB: “The participants have showcased exceptional creativity, blending India’s rich heritage with modern craftsmanship. The enamel work combined with gold truly stands out, reflecting a finesse in design and execution that brings every piece to life.”
Ms. Priya Tanna, President, @trscreativeconsulting: “I’m pleasantly surprised this year to witness a true revolution in the pieces being judged. The blend of traditional Indian crafts like Meenakari and beaten gold with contemporary designs is remarkable. What’s even more impressive is how these creations are designed for everyday elegance, making them both wearable and timeless.”
Ms. Shachee Shah, Founder & Creative Head, Shachee Fine Jewellery: “Jewellery is emotion brought to life, and when infused with Indian craftsmanship, it carries a deeper connection to our roots. This emotional resonance enhances its value, whether through meaningful storytelling, spiritual elements, or personalised touches like using birthstones.”
TURINGER 2025: The Ultimate Technological Experience of Ideas, Impact, and Innovation
Bengaluru, 31 January 2025: Manipal Institute of Technology Bengaluru, a constituent unit of Manipal Academy of Higher Education, hosted Turinger 2025, a grand three-day celebration of technology, innovation, and discovery. Organized by the MITB ACM Student Chapter, the event took place from January 17 to 19, 2025, and brought together a diverse group of students, researchers, industry leaders, and academicians. This unique platform celebrated cutting-edge technological advancements and fostered intellectual exchange among participants.
Turinger 2025 was much more than a technical event; it embodied the spirit of collaboration and innovation. With a meticulously curated lineup of talks, workshops, and competitions, the event drew participation from over 20 institutions across the country. It featured distinguished speakers such as Dr. Meena Mahajan from the Institute of Mathematical Sciences, Chennai, and Dr. Yogesh Simmhan, an ACM Distinguished Member and Associate Professor at IISc Bengaluru. The inaugural session set the tone for the event with Chief Guest Mr. Rakesh Tergundi, CEO and Co-Founder of Jini Commerce, Bengaluru, and Guest of Honor Dr. Meena Mahajan. Dr. Mahajan captivated the audience with her keynote on “The Fascinating World of Computational Complexity,” inspiring participants to delve deeper into the world of computational sciences.
The event showcased the dynamic involvement of MITB ACM’s various student chapters. The ACM-W Student Chapter conducted an engaging quiz competition and hosted technical discussions focusing on diversity in technology. They also organized an Eminent Speaker Talk by Dr. Mahajan. Meanwhile, the ACM SIG-AI Student Chapter facilitated a thought-provoking panel discussion on “Bias in AI: Can We Build Truly Unbiased Systems?” featuring notable industry experts – Mr. Sridhar Tonse Pai and Mr. Deepak Chawla . The ACM SIG-SOFT Student Chapter added further value by hosting an App Development Workshop led by Hasnen Tai, an Enterprise Customer Engineer from FlutterFlow, and an exciting Debug Marathon that tested participants’ problem-solving skills.
One of the major highlights of Turinger 2025 was the Research Poster Presentation, held on the final day. This competition served as a platform for budding innovators to showcase groundbreaking research addressing critical challenges in fields such as cybersecurity, environmental engineering, and advanced technology solutions. The vibrant participation underscored the depth and diversity of ideas being explored by young researchers across the country.
The first-place winners, a team from Manipal Institute of Technology Bengaluru comprising Nishanth Shet, PCS Harikrishna, and Daksh Mutneja, impressed judges with their project titled “SPIRE: Self-Optimizing Proactive Intelligence and Response Engine for Advanced Cyber Threat Detection and Mitigation.” The second-place team, Olumide Joseph Ilelaboye, Mitha H S, and Somnath Gorai from Jain University, presented an insightful project on the “Application of Data Science in Cybersecurity.” The third-place award went to Adisha Sarika Gowda, Akshay S P, Chandana N R, and Krishna S Bharadwaj from The National Institute of Engineering, Mysuru, for their innovative work on “Solid-State Thermoelectric Coolers.”
Special recognition was also awarded to projects demonstrating inclusivity and innovation. Dr. Shobha K and Dr. Rajashekhara from Siddaganga Institute of Technology received the Best Poster for Women in Engineering award for their project on “Noise Removal, Feature Extraction, and Classification of Environmental Sounds.” The Best Innovative Poster award was presented to Sai Jayanth Kothamadduri from Manipal Institute of Technology Bengaluru for his groundbreaking research on “Cybersecurity Challenges in Modern Vehicles.”
Adding to the excitement, Turinger 2025 also hosted Tessellate MAHE Bengaluru, a collaborative event organized alongside the SMI ACM SIGCHI Chapter. Tessellate provided participants with opportunities to engage in problem-solving and collaborative challenges, further enriching the experience.
The valedictory ceremony marked the grand finale of Turinger 2025. The event concluded with an insightful keynote by Dr. Yogesh Simmhan, followed by a motivating address from Guest of Honor Mr. Pavithran Ayyala, Head of Digital IT at Utthunga, Bengaluru. The ceremony was presided over by Dr. Arindam Das, Director of SMI Bengaluru, who was joined by Faculty Sponsors Dr. Gururaj H L, Dr. Shreyas J from the MITB ACM Student Chapter, and Mr. Vivek Garady, Faculty Sponsor of the SMI ACM SIGCHI Chapter.
With the support of the ACM India Council and the collective efforts of various ACM Student Chapters, Turinger 2025 proved to be an inspiring and transformative event. It provided an unparalleled platform for young minds to explore their potential, exchange ideas, and celebrate the boundless opportunities in technology and innovation.