Chandigarh,9^th April: The recently concluded quarter has been a very fulfilling one recording consolidated revenue growth of approximately 37% when compared to the same period in the previous financial year despite extreme volatility in the gold prices.

Our India operations witnessed revenue growth of approximately 39% during Q4 FY2025 as compared to Q4 FY2024, driven primarily by robust wedding demand. The quarter recorded healthy same-store-sales-growth of approximately 21%.

We launched 25 Kalyan showrooms in India during the recently concluded quarter, and another 3 showrooms during the first week of April 2025.

In the Middle East, we witnessed revenue growth of approximately 24% when compared to the same period in the previous financial year driven primarily by same-store-sales-growth. Middle East contributed approximately 12% to our consolidated revenue for the recently concluded quarter.

Our digital-first jewellery platform, Candere, recorded a revenue de-growth of approximately 22% during the recently concluded quarter as compared to the same period during the last year.

We launched 14 Candere showrooms during Q4 FY 2025.

As communicated earlier, for FY 2026, we have drawn up plans to launch 170 showrooms across Kalyan and Candere formats – 75 Kalyan showrooms (all FOCO) in non-south India (including 5 larger-format flagship Kalyan showrooms), 15 Kalyan showrooms (all FOCO) across south India and international markets and 80 Candere showrooms in India. We have completed signing LOIs for the Franchisee Owned Company Operated (FOCO) showrooms planned for the year in India.

We are upbeat about the ongoing quarter and are witnessing encouraging trends in the advance collections for both Akshaya Tritiya as well as for wedding purchases for the festive/wedding season.

As of March 31, 2025, our total number of showrooms across India and the Middle East stood at 388 (Kalyan India – 278, Kalyan Middle East – 36, Kalyan USA – 1, Candere – 73).

9^th April 2025, Ahmedabad, India – ZEISS, a leading provider of measurement solutions, has inaugurated of its first Quality Excellence Center (QEC) in Gujarat, making it the sixth QEC in India. This strategic expansion underscores ZEISS’s commitment to India’s rapidly growing manufacturing sector by providing cutting-edge quality assurance solutions and technical expertise closer to key industrial hubs.

Gujarat, known for its strong industrial ecosystem, has emerged as a major center for manufacturing, automotive, electric vehicle, medical and engineering industries. With the rise of the ‘Make in India’ initiative and increasing demand for high-precision manufacturing, the new ZEISS Quality Excellence Center will serve as a crucial enabler for businesses looking to achieve world-class quality standards.

Mr. Aveen Padmaprabha, Head – Industrial Quality Solutions at ZEISS India Pvt. Ltd., said, “Inauguration of ZEISS Quality Excellence Center in Ahmedabad aligns with India’s vision of becoming a global manufacturing powerhouse. This will be our sixth QEC and by establishing a dedicated Center in this region, we aim to support industries with advanced metrology solutions, application engineering expertise, and hands-on customer training, ensuring that manufacturers can enhance their quality control processes and drive greater efficiency.”

 “Every measurement and analysis conducted here will have a far-reaching impact across industries such as Automotive, Medical, Electronics, and Electric Vehicles (EV). We aim to pursue excellence at every level for our customers, from the smallest detail to their most ambitious goal.” Aveen Padmaprabha further added.

The newly inaugurated center is equipped with ZEISS’s latest coordinate measuring machines (CMMs), optical 3D scanners, and surface measurement systems. It will provide comprehensive services including product demonstrations, training sessions, application support, and consultation to help manufacturers optimize their inspection workflows and maintain the highest quality standards.

The Quality Excellence Center is part of ZEISS Industrial Quality Solutions’ broader strategy to further expand its services across India, ensuring customers have easier access to state-of-the-art metrology technology and expertise. This expansion follows the successful establishment of similar centers in other key industrial locations, reinforcing ZEISS’s position as a trusted partner in industrial quality assurance.

With this move, ZEISS India’s Industrial Quality Solutions division will continue to empower manufacturers in Gujarat and across India with precision measurement solutions that drive innovation, reliability, and efficiency in mass production.

Technology and Services available at the latest Quality Excellence Center include:

• Dimensional measurement and inspection
• Surface and form measurement
• Material analysis
• Reverse engineering
• Training and support

Mumbai, April 09, 2025: Kotak Mahindra Life Insurance Company Ltd. (Kotak Life) has once again been honoured as one of ET NOW’s Best Organisations for Women 2025. This recognition reaffirms Kotak Life’s ongoing commitment to fostering an inclusive and empowering workplace. The company believes that true inclusion is a continuous journey—driven by everyday actions and a shared commitment to progress.

Ruchira Bhardwaja, Chief Human Resources Officer, Kotak Mahindra Life Insurance said, “Winning the Best Organisation for Women award for the second year in a row reaffirms our belief that inclusion is not a milestone—it’s a mindset. We remain committed to creating a workplace where every woman can thrive, lead and shape the future”.

Kotak Life remains dedicated to strengthening diversity and inclusion initiatives, ensuring that every individual—regardless of gender—can build a fulfilling and rewarding career within the organisation.

The ET Now “Best Organisation for Women” award evaluates companies based on multiple parameters including women diversity, leadership representation, women empowerment initiatives, learning & development programs and overall workplace culture.

Chandigarh, April 9, 2025: Black Box^®, a leading digital infrastructure solution provider, today announced the appointment of Jai Venkat as the company’s Chief Revenue Officer (CRO) in the Americas. Venkat will lead revenue strategy & execution, driving growth, bolstering account management, and accelerating revenue across all industry verticals and horizontal practices. He will report directly to Black Box CEO Sanjeev Verma and will be a member of the Executive Leadership team. His appointment is part of Black Box’s broader strategic investment in refining its go-to-market strategy and strengthening leadership across key industry sectors and service lines to drive growth.

“Jai’s proven track record in driving transformation, building high-performing sales & horizontal practice organizations to deliver results in complex, global environments make him the ideal fit to lead our growth and revenue strategy,” said Black Box CEO Sanjeev Verma. “As we continue to strengthen our go-to-market execution and deepen our customer relationships along with our strong partner ecosystem, Jai will play a key role in aligning sales, solutions, marketing, and strategic initiatives to fuel our next phase of growth.”

Venkat joins Black Box with more than three decades of experience leading sales, services, and transformation initiatives at global technology firms. Prior to joining Black Box, he held senior executive leadership roles at Allied Digital, Zones, DXC Technology, HP Enterprise, Cognizant, Capgemini, and Infosys.

“Black Box is at a pivotal point in its growth journey, with strong momentum across verticals & horizontal practices and a compelling vision for the future,” said Venkat. “I’m excited to be part of the outstanding Black Box team. Together, we will advance a transformative, customer-centric sales & solutions approach that drives long-term value for clients and stakeholders.”

Chandigarh, April 09, 2025: Poonawalla Fincorp Limited (PFL), a Cyrus Poonawalla Group promoted NBFC, focused on Consumer & MSME Lending, has today announced the launch of its Shopkeeper Loan Business. The solution addresses key financial challenges faced by small retailers and kirana stores, including cash flow, inventory, and customer management, while enhancing their operational efficiencies.

Building on its vision to become the preferred financier for the self-employed segment, PFL aims to enhance the competitiveness of small retail businesses through its customized financial solutions.

Commenting on the launch, Mr. Arvind Kapil, Managing Director & CEO of Poonawalla Fincorp, said: “India’s small retailers are the backbone of our consumer economy, yet their growth is often constrained by limited access to timely credit. With our Shopkeeper Loan, we are taking a decisive step to bridge this gap — offering tailored financial solutions that address their working capital needs and support long-term business resilience. By combining our risk-first and customer-centric approach, we aim to empower these businesses to thrive in an increasingly competitive retail environment.”

Small retailers and kirana stores form an integral part of India’s traditional domestic trade, contributing significantly to local economies across semi-urban and smaller towns. However, they have historically relied on family funding. PFL believes there is a great and attractive opportunity to bring them into formal credit.

The company aims to provide tailored financial solutions to small retailers and kirana stores across India. In the first phase, PFL is operationalizing 44 locations and institutionalizing its systems for a customer-centric approach. With the launch of the Shopkeeper Loan Business, PFL has now launched 4 new businesses.

By providing targeted financial solutions through its risk-first approach, PFL aims to enhance the competitiveness, sustainability, and long-term growth prospects of India’s critical small-business retail ecosystem. The company continues to focus on simplifying lending, creating customer delight, and enhancing experiences, which remain its top priorities.

Mumbai, April 09, 2025: Swan Defence and Heavy Industries Limited (“SDHI”), a key private player in commercial & defence shipbuilding, ship repairs, and heavy fabrication in India, has entered into a strategic Memorandum of Understanding (MoU) with Garden Reach Shipbuilders & Engineers Limited (GRSE). The MoU signed on April 7, 2025, at GRSE Bhavan, marks a significant milestone in strengthening India’s indigenous commercial shipbuilding ecosystem. The collaboration is in line with the Government’s vision of Atmanirbhar Bharat and reinforces SDHI’s commitment to building world-class maritime infrastructure in the country.

The partnership aims to jointly pursue opportunities in the construction of commercial vessels and offshore structures, with an eye on catering to both global markets and domestic maritime priorities. The association will allow Swan Defence and Heavy Industries Limited and GRSE to combine their capabilities in design, infrastructure, and project execution to create a robust and scalable model for commercial shipbuilding. This MoU is also expected to facilitate the sharing of facilities, co-development of standard vessel platforms, and coordinated project management strategies to enable faster turnaround and greater cost-efficiency.

The partnership also envisions the evolution of a strong vendor and supply chain ecosystem, driven by shared sourcing and procurement efficiencies. Furthermore, the MoU lays a strong emphasis on building skilled manpower to support the long-term growth of the shipbuilding sector. Both companies have agreed to work together not only on the construction front, but also in areas such as vessel trials, ship repair—laying the foundation for a sustainable and comprehensive model of industrial cooperation.

The MoU between SDHI and GRSE signifies a shared vision to advance India’s shipbuilding capabilities and create future-ready infrastructure that supports maritime innovation, economic development, and job creation.

National, April 09^th,2025 – Senco Gold & Diamonds, one of India’s leading jewelry brands celebrates a legacy spanning over eight decades, Senco Gold & Diamonds reveals its newest campaign, “Khushiyon Ki Reet – #ApkaShukriya”, a heartfelt tribute to the unsung heroes behind its timeless treasures—the master karigars. This emotional and captivating campaign shines a spotlight on the artisans whose unparalleled skills have transformed precious metals into enduring symbols of love, tradition, and heritage for generations.

The campaign also marks the launch of Senco’s exquisite Khushiyon Ki Reet Collection, a spectacular new range of gold, diamond, polki, and antique jewelry. Every piece in this collection embodies the finesse and flair that Senco’s karigars are known for—blending traditional artistry with a modern touch, creating heirlooms that celebrate both legacy and love.

Adding to the festive fervor, Senco Gold & Diamonds presents its much-awaited Bangle Utsav, coinciding with the auspicious occasion of Akshay Tritiya, a time-honored festival associated with prosperity and gold-buying. This year, the Bangle Utsav unveils over 200 fresh designs across bangles, bracelets, charms, chur, bala, pola, and shakha, crafted in gold, diamond, and platinum, offering a perfect blend of elegance, tradition, and modernity.

“Aap ka Shukriya campaign is an ode to Karigars and the craftsmanship that SENCO’s legacy is built on. Senco means design and superior craftsmanship for over 85+ years. We thank our Karigars for their dedication and being with us through generations.,” said Joita Sen, Director of Senco Gold & Diamonds.

 With “Khushiyon Ki Reet,” Senco Gold & Diamonds reaffirms its commitment to preserving the age-old traditions of jewellery craftsmanship while evolving with the tastes of the modern consumer—because every piece is not just jewellery but a legacy in the making.

Mumbai, April 9, 2025: In a significant move towards accelerating India’s skilling goal, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with the World Economic Forum (WEF)’s, deliberated on the “India Skills Accelerator” initiative during a high-level roundtable at Kaushal Bhawan, New Delhi.

The India Skills Accelerator will function as a national public-private collaboration platform designed to enable cross-sectoral efforts in unlocking innovative ideas and driving systemic progress on complex challenges that demand a multi-stakeholder approach. At its core, the Accelerator aims to catalyze change across three critical levels: i) by improving awareness and shifting mindsets around future skills needs, ii) increasing collaboration and knowledge sharing among stakeholders, and iii) committing to upgrade institutional structures and policy frameworks to support a more adaptive and responsive skilling ecosystem.

As India navigates rapid technological and economic change, skill gaps – cited by 65% of organisations as a major barrier – threaten to slow progress. The Accelerator aims to close these gaps through inclusive upskilling and reskilling, mobilizing investment in lifelong learning, and fostering government-industry collaboration. By enabling agile career transitions, promoting scalable training, and aligning education with industry need – especially in high-growth sectors like AI, robotics, and energy – the initiative will empower India’s youth and drive future-ready workforce development.

The initiative’s governance structure includes key stakeholders from public and private sectors, led and co-chaired by Shri Jayant Chaudhary, Hon’ble Minister of State (Independent Charge) for Skill Development and Entrepreneurship and Minister of State for Education and co-chaired by Dr. Sukanta Majumdar, Hon’ble Minister of State for Education and Development of North-Eastern Region. It will also have two private co-chairs – Ms. Shobana Kamineni, Executive Chairperson of Apollo HealthCo; and Mr. Sanjiv Bajaj, Chairman and Managing Director of Bajaj Finserv.

In his opening remarks, Hon’ble Minister Shri Jayant Chaudhary underscored the need for collective ambition and structural reform in skilling to meet the aspirations of a young, dynamic nation. He emphasized that India’s demographic potential can only be realized if skilling systems remain agile, inclusive, and closely aligned with global opportunities and national priorities. “India today stands at the confluence of three powerful forces – demographic advantage, digital transformation, and a deep developmental commitment. With the world’s largest youth population and a vibrant skilling ecosystem, we are uniquely positioned to become the Skill Capital of the World,” Shri Chaudhary said. He noted that the Accelerator is not just a platform for dialogue, but a catalyst for systemic transformation, anchored in shared accountability, innovation, and targeted solutions. “This is a chance to engage in candid assessments and meaningful dialogue – anchored in data and focused on results”

The Minister further highlighted the importance of sectoral focus, mapping our current standing through surveys and evidence, and prioritizing emerging areas such as GCCs, advanced manufacturing, and the formalization of the informal workforce.

Co-chair and Hon’ble Minister, Dr. Sukanta Majumdar articulated India’s strategic opportunity to position itself as the global epicenter of next-generation talent. He underscored the need to embed competitiveness in India’s skills architecture—particularly in fields like artificial intelligence, cybersecurity, and cloud computing—so that India is not only skilling for its domestic economy but for the world. The Accelerator, he added, will play a critical role in translating this global ambition into measurable outcomes. “Through the National Education Policy, we have initiated transformative changes—promoting flexibility, vocational pathways, and digital skilling. Our federal model of implementation, involving both Centre and States, can serve as a valuable learning for global platforms like the WEF as well,” he said.

Saadia Zahidi, Managing Director, World Economic Forum (WEF), said, “In the face of rapid technological and labour market changes, India’s launch of the Skills Accelerator reflects a strong commitment to equipping its workforce with the skills needed for the future. By strengthening alignment across the skills ecosystem, this initiative will help close critical skills gaps, support the growth of India’s digital and innovation-driven economy, and enable more people to thrive in a rapidly evolving world of work. We are pleased to support this important step and look forward to the impact it will deliver at scale.”

During the roundtable, the experts underscored the significance of a comprehensive analysis of India’s skilling ecosystem and identifying a set of 10 to 12 high-impact priorities with clear and measurable outcomes. They also emphasized establish dedicated working groups to guide implementation and ensure progress is tracked through WEF’s Global Learning Network – enabling peer learning and global benchmarking. Equally emphasized was the importance of thematic working groups, drawing on the expertise of diverse stakeholders, to translate strategy into coordinated action. The participants also deliberated on aligning the newly launched initiative with insights from the World Economic Forum’s Future of Jobs 2025 report.

The session saw active participation from senior leadership of the World Economic Forum, the Ministry of Skill Development and Entrepreneurship (MSDE), National Council for Vocational Education and Training (NCVET), Directorate General of Training (DGT), National Skill Development Corporation (NSDC), as well as key representatives from the Ministry of Education, University Grants Commission (UGC), All India Council for Technical Education (AICTE), National Council of Educational Research and Training (NCERT), and the Central Board of Secondary Education (CBSE).