Amit Shah Inaugurates NUCFDC Office in Mumbai

Mumbai, 30 January 2025: The National Urban Co-operative Finance and Development Corporation (NUCFDC) has officially inaugurated its Corporate Office in Mumbai. The Honourable Union Home and Cooperation Minister, Amit Shah, virtually inaugurated the NUCFDC Corporate Office on the sidelines of the inaugural event for the International Year of Co-operatives 2025 in Mumbai.

The event was attended by a distinguished group of dignitaries, including Shri Murlidhar Mohol, Minister of State for Co-operation; Shri Eknath Shinde and Shri Ajit Pawar, Deputy Chief Ministers of Maharashtra; and Dr. Ashish Kumar Bhutani, Secretary of the Ministry of Co-operation.

The inauguration of the NUCFDC office marks a significant step toward modernizing the Urban Co-operative Banking (UCB) sector. The event was attended by Laxmi Dass, President of NAFCUB; Ajay Brahmecha, President of the Maharashtra Federation; Satish Marathe, Central Board Member of the Reserve Bank of India; Uday Joshi, President of Sahakar Bharati; Milind Kale, Director of NAFCUB and former Chairman of Cosmos Bank; Gautam E. Thakur, Chairman of Saraswat Co-operative Bank; and Kantibhai Patel, Vice-Chairman of the Gujarat Federation, along with several other prominent leaders from the UCB sector.

Emphasizing the multidimensional benefits that the NUCFDC will provide to Urban Co-operative sector Honourable Union Home and Cooperation Minister Amit Shah said, “The principle of Co-operation Among Co-operatives will be implemented across the country in the coming days. The Umbrella Organization will integrate activities such as digital banking, mobile banking, online transactions, and international trade with Urban Co-operative Banks. All financial dealings of co-operative institutions will be conducted through co-operative banks. By implementing this principle nationwide, we will achieve significant success, leading to the economic self-reliance of the co-operative sector.”

Shri Jyotindra Mehta, Chairman of NUCFDC, spoke on the occasion, describing the inauguration as a pivotal moment in the transformation of the UCB sector. “The establishment of this new office for the Umbrella Organization marks a major milestone in driving inclusive growth. NUCFDC is dedicated to providing essential resources to this vital segment of the country’s financial ecosystem. We are committed to fostering the development of UCBs and addressing the key challenges they face,” he said.

The NUCFDC has received approval from the Reserve Bank of India (RBI) to operate as a non-banking finance company (NBFC) and, once it achieves a paid-up capital of ₹300 crore, can approach the RBI to become a self-regulatory organization (SRO) for the urban co-operative banking sector, with functions prescribed by the RBI. Positioned to play a crucial role in the digital transformation of UCBs, NUCFDC aims to equip these institutions with the necessary tools to succeed in an increasingly digital and competitive financial landscape. As the umbrella organization for UCBs, NUCFDC’s focus will be on modernizing these institutions, integrating essential financial services, and aligning them with the operational standards of commercial banks. The goal is to enhance customer service, strengthen sector stability, and ensure compliance with the Banking Regulations Act.

The organization’s operations will include providing capital, secured credit lines, refinancing loans, and offering emergency liquidity support to UCBs facing short-term financial difficulties. In addition to funding, NUCFDC will also focus on non-fund-based services aimed at enhancing the technological infrastructure of UCBs. This will include the rollout of a shared IT platform offering a comprehensive suite of services. Furthermore, NUCFDC will provide treasury management, payment and settlement services, and other operational solutions to improve the capabilities of UCBs. It will also offer training, consultancy, and HR support to ensure UCBs are well-equipped to navigate evolving regulatory and market demands, laying a solid foundation for the future growth and resilience of the co-operative banking sector.

Maintain healthy kidneys with these simple rules

by Dr. Sushma Rani, Senior Consultant – Nephrology, Sakra World Hospital, Bengaluru  

The kidneys are two vital organs that play a crucial role in maintaining overall health. They filter waste products, excess fluids and electrolytes from the blood, regulates blood pressure and support bone health. It’s a bean shaped organ which is roughly the size of a fist. They are two in number and located one on each side of the back bone deep in the abdominal cavity, beneath the rib cage. However, kidney disease is a growing concern worldwide, affecting millions of people. Kidney diseases are silent killers which can largely affect the quality of life.  Maintaining kidney health is essential to prevent kidney disease and its complications.

Kidneys also control blood levels of many minerals and salts including sodium and potassium, and help to control blood acidity. Every day they carefully control salt and water level in the body so that the blood pressure remains in the normal range.

There are several factors which increases the risk of kidney disease

  • Diabetes: High blood sugar levels damage kidney blood vessels
  • Hypertension: Uncontrolled blood pressure damages kidney blood vessels
  • Family history: Genetic predisposition to kidney disease
  • Obesity: Excess weight increases blood pressure and diabetes risk.
  • Smoking: Damages kidney blood vessels and reduces function.
  • Age: Kidney function declines with age.

There are several ways to keep our kidneys healthy

  1. Keep fit and active

A healthy lifestyle helps to reduce the blood pressure and therefore reduces the risk of chronic kidney disease. One should stay hydrated by drinking 8-10 glasses of water per day. Exercise is must to keep the kidney diseases at bay. Maintaining a healthy weight helps to reduce the obesity risk. A person wanting to keep his kidneys healthy should quit smoking. Smoking cessation programs helps to quit smoking. Also, limit your alcohol consumption.

  1. Keeping the blood sugars under good control

One of the important cause of kidney damage is Diabetes. Therefore, it is important for people with diabetes to have regular tests to check their kidney functions. Blood test Serum creatinine and eGFR (estimated Glomerular filtration rate) will help us monitor total kidney function. Also, the presence of excess protein or albumin in the urine is also a marker of kidney damage.

If detected early, Kidney damage from diabetes can be prevented. It is important to keep the blood sugars under control with the help of doctors, with regular medicine intake, good dietary practices and regular exercises.

  1. Regular monitoring of blood pressure

Uncontrolled high blood pressure is the second leading cause of kidney failure across the world. High blood pressure can lead to a stroke or heart attack and can harm kidney function.

The normal blood pressure level is less than 140/80 mmhg. One should adopt lifestyle and dietary changes at 140/90 and above. They should discuss the risks with the doctor and monitor the blood pressure levels on regular basis. High blood pressure is especially likely to cause kidney damage when associated with other factors like diabetes, high cholesterol and heart diseases.

  1. Eathealthyfood

A good diet is essential to prevent diabetes, heart disease and other conditions associated with chronic kidney disease. Eat kidney friendly foods such as, Berries, leafy greens, fatty fish, whole grains and legumes. One should reduce salt intake and limit it to <5g/day. Also, limit protein intake to 0.8-1 gram/kg body weight/day. If you have kidney stones avoid oxalate rich foods. Also, limit phosphorus rich foods.

  1. Maintaina sufficient fluid intake

Drinking sufficient amount of water per day should be sufficient to maintain a good health. Consuming adequate fluids will help the kidneys clear sodium, urea and toxins from the body which, in turn, results in a “significantly lower risk” of developing chronic kidney disease. However, “aggressive fluid loading”, which can cause side effects, is not recommended.

  1. Do not take over-the-counter pills/ pain killers on a regular basis

Common pain killer medicines also called non-steroidal anti-inflammatory drugs like brufen, combiflam and voveran are known to cause kidney damage if taken regularly. Consult your doctor before taking herbal supplements or pain relievers. Take medications as prescribed by the doctor, such as blood pressure medications and diabetes medications.

Maintaining kidney health is crucial to preventing kidney disease and its complications. By adopting healthy lifestyle habits, managing risk factors, and monitoring kidney function, individuals can reduce their risk of kidney disease. Early detection and treatment can slow disease progression and improve outcomes. It is essential to prioritize kidney health and seek medical attention if concerns arise.

Air India and Kenya Airways Partner in New Codeshare Agreement to Boost Travel Options

GURUGRAM / NAIROBI, 30 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.

The codeshare flights are available for booking through Air India’s and Kenya Airways’ respective booking channels and through travel agents.

Qlik Launches Data Flow for Faster Insights in Qlik Cloud Analytics

Philadelphia/Bengaluru, India, January 30, 2025 – Qlik®, a global leader in data integration, data quality, analytics, and artificial intelligence, today announced the launch of its Data Flow capabilities within Qlik Cloud Analytics™. Designed to address the time-intensive challenges of preparing datasets for analytics and AI, this new feature allows users to visually combine, clean, and shape data through an intuitive drag-and-drop interface. By reducing the reliance on technical scripting skills, these no-code data prep capabilities enable a broader range of users—both technical and non-technical—to create high-quality, AI-ready datasets quickly and efficiently.

Data Flow provides a flexible, visual approach to preparing datasets for analytics and AI applications, addressing common barriers like time-intensive processes and technical skill gaps. Key features include:

  • Drag-and-Drop Simplicity: Users can combine, clean, and shape multiple datasets through an intuitive visual interface, eliminating the need for scripting.
  • Transparency and Trust: Every action automatically generates Qlik script, giving users visibility into their data preparation processes and building confidence in the results.
  • Flexible Workflows: Supports no-code, low-code, and pro-code approaches, allowing users to adapt workflows based on their technical expertise and project requirements.
  • End-to-End Integration: Fully integrated with Qlik Cloud Analytics, enabling seamless transitions from data preparation to AI and visualizations.

By reducing the time spent on data preparation, Data Flow allows users to focus more on generating actionable insights and driving data-driven decisions.

“Efficient data preparation has always been a critical, yet time-consuming, part of our analytics process,” said Jon Carpenter, Systems and Programming Manager at Pima County. “We’re excited to see how Data Flow can help us accelerate insights and make more informed decisions.”

Data preparation often accounts for the majority of the time analysts spend on projects, creating bottlenecks and limiting the ability to leverage data effectively. Data Flow addresses this challenge by empowering users to take control of their data workflows, regardless of technical skill level.

This innovation aligns with a broader need across industries to expand access to analytics and AI capabilities. By enabling a wider range of users to prepare high-quality, AI-ready data, Qlik is helping organizations reduce dependency on IT resources, accelerate time to insight, and ensure data accuracy and consistency.

“Data Flow is the type of innovation we’ve been looking for—enabling teams across our organization to quickly and easily create high-quality datasets without needing deep technical expertise,” shared Angel Monjarás, Qlik Platform Manager at C40 Cities.

Data Flow is part of Qlik’s ongoing investment in simplifying analytics and bridging the gap between IT and business users. It brings Qlik Talend Cloud’s market-leading integration to Qlik Cloud Analytics, ensuring seamless access to trusted, high-quality data and driving meaningful outcomes.

“Data preparation is often an overlooked yet essential step in the analytics and AI process,” said Brendan Grady, Executive Vice President and General Manager of Qlik’s Analytics Business Unit. “With Data Flow, we’re enabling a broader range of users to confidently prepare AI-ready datasets without requiring technical expertise. This innovation removes traditional barriers and accelerates the journey from raw data to actionable insights, helping organizations drive value faster and more effectively.”

Data Flow is now available to all Qlik Cloud Analytics customers, offering a seamless and accessible way to prepare high-quality datasets for analytics and AI. By reducing complexity and empowering users of all skill levels, this feature accelerates the transition from data to decisions, helping organizations stay competitive in a rapidly evolving market.

Manaal Jewellery Unveils Whispers of Zambia: Royal Elegance

New Delhi, 30th January, 2025Manaal Fine Jewellery proudly announces the launch of its latest collection, Whispers of Zambia, an exquisite celebration of heritage and modern artistry. Drawing inspiration from the enduring allure of Indian royalty and their timeless love for emeralds, this luxurious collection showcases the vibrant beauty of Zambian emeralds, paired with natural diamonds in briolettes, rose cuts, and brilliant cuts.

Emeralds, once revered by monarchs for their symbolism of power and protection, are at the heart of Whispers of Zambia. The collection reimagines the grandeur of Indian jewellery traditions with a contemporary twist, creating timeless pieces that blend the vibrancy of heritage with the sophistication of global design. Each creation in the collection speaks of exclusivity, elegance, and artistic brilliance, transforming jewellery into wearable masterpieces.

Aadhya Aggarwal, Founder and Creative Director of Manaal Fine Jewellery says “Whispers of Zambia is a love letter to the heritage of emeralds—a gemstone that has transcended eras, continents, and cultures. Through this collection, we sought to reimagine the opulence of royal courts with a modern sensibility, creating pieces that resonate with our modern muse while honoring timeless traditions. Each emerald whispers its own story, and our designs ensure these whispers are heard for generations to come.”

Available exclusively at Manaal’s flagship boutique in Sunder Nagar, New Delhi, Whispers of Zambia offers an intimate and luxurious shopping experience. From regal necklaces to statement earrings and bespoke rings, each piece is crafted to be a cherished heirloom—an enduring symbol of beauty and individuality.

Celebrate Valentine’s Month with Special Dining Experiences at Andaz Delhi

February 2025, New Delhi:   The season of love is here and Andaz Delhi by Hyatt invites you to celebrate the Month of Love with an array of captivating culinary experiences designed to make every moment unforgettable. Embrace the spirit of romance with indulgent delicacies, vibrant desserts, and intimate settings that promise to elevate your celebrations. The highlight of this month-long celebration will be a spectacular Valentine’s Day extravaganza on the 14th of February, 2025, at AnnaMaya food hall and its serene poolside venue.

To quench your Italian cravings, the Valentine – Pan to Plate menu will offer Culurgiones– Sardinian ravioli stuffed with potato, mint, and pecorino, Pappardelle alla Sugo – artisanal pappardelle with slow-braised pulled lamb shank and rosemary oil, and so much more. The Italian delicacies are perfectly paired with sparkling wine for a romantic touch.

One can take a culinary voyage across Asia, while being seated on comfortable seating with the Asian menu, featuring Phad Thai Noodles and Clay Pot dishes. End your meal on a sweet tooth with delectable desserts like Strawberry Flambe, Rose & Butter Pudding, Strawberry Tart, and the refreshing Mint Mojito Delight. The price for Valentine’s Day Pan to Plate menu begins with INR 3999 ++ for soft beverage packages. Guests can also avail early bird offers by reserving their spot any day between 7th February to 10th February at 3499++.

Step up your romance game with an intimate poolside affair. For a more exclusive experience, the poolside menu features delicacies that are a fusion between Indian and Italian cuisine with a hint of aphrodisiac ingredients. The menu includes appetisers such as Gol Gappe with an Italian twist, Astice – a flaky pastry with lobster bisque cream, Purani Dilli Jama Masjid Paneer Kormas and Golbari Kosha Mangsho. The meal, crafted by Executive Chef Matteo Fracalossi, concludes with a decadent Chocolate Heart made from 64% Manjari chocolate and soft caramel, perfect for sharing with your special someone. The price for this menu begins at INR 15999 ++. Guests can also avail the early bird offer at 12999++ by reserving their spot any day between 7th February to 10th February.

Not to miss, AnnaMaya’s pastry shop will be a haven for those who have a sweet tooth! It will be available from 11th February till 14th February, 2025 and the menu will feature Dark Chocolate Mousse Heart Cake, the delightful Miniature Toffee Heart Cake made with toffee cream and milk chocolate, and the irresistible Chocolate Love Bar. The price begins at INR 320++.

Throughout February, Andaz Delhi, by Hyatt will celebrate the Month of Love with thoughtfully designed culinary promotions, immersive dining experiences, and enchanting settings. Whether you choose a romantic dinner at AnnaMaya, an indulgent poolside meal, or a visit to the pastry shop, this is your chance to create unforgettable memories with your loved one. So this Valentine’s Day, head over to Andaz Delhi for an unforgettable Valentine’s Day celebration.

Re Sustainability and Aarti Circularity Form Groundbreaking Recycling JV

Date: 30th January, 2025

Location: Mumbai

Re Sustainability and Recycling Private Limited (ReSRL), A Re Sustainability Company (ReSL), and Aarti Circularity Limited (ACL), a wholly owned subsidiary of Aarti Industries Limited (AIL), a prominent player in speciality chemicals have joined hands to establish a transformative first of its kind in India Joint-Venture Company (JVCo) for driving the development of Plastic Materials Recycling Facilities (PMRFs) across India, aiming to revolutionise plastic resource recovery and sustainable resource management practices.

The PMRFs will focus on segregating, extracting, and recycling resources from diverse waste streams, including plastics, to produce Advanced Circular Materials (ACM) that can be utilised as raw materials, fuels, or recycled polymer feedstock. The partnership is committed to achieving a minimum resource recovery capacity of approx. 500 tons per day indicative by 2030 and exploring various feedstocks, including those from ReSL’s core operations, to maximise material and energy circularity.

The first Plastic Materials Recycling Facility under this partnership will be established in Hyderabad, Telangana, and will pave the way for advanced recycling infrastructure in the region. It will also mark a significant milestone in India’s journey toward sustainable waste management. This strategic partnership underscores a shared commitment to sustainability and technology innovation. The JVCo will evaluate and engage leading technology partners to develop and operate state-of-the-art PMRFs, setting new benchmarks in India’s recycling and waste management sectors.

Mr Masood Mallick, Managing Director & CEO of Re Sustainability, stated, “This collaboration is a significant milestone in our journey toward sustainable resource management. The partnership combines our waste management and resource recovery expertise with the rich legacy of Aarti Industries and its 40 years of expertise in speciality chemical manufacturing, enabling us to build cutting-edge infrastructure that addresses critical waste challenges. By leveraging advanced technologies and sustainable practices, we aim to create a robust framework that minimises environmental impact and fosters economic growth through resource efficiency and circularity. Together, we will set a benchmark for sustainable development in India and beyond.”

Mr Mirik Gogri, Director- Aarti Circularity Limited commented, “This arrangement between ACL and ReSRL is a pathbreaking development that builds on the synergies and competencies of two leading companies to address pressing environmental challenges by combining innovation with sustainability. Through this JV, we aim to revolutionise plastic recycling in India and beyond, aligning with ACL’s broader mission to foster a circular economy, minimise waste generation, reduce reliance on virgin resources, and mitigate environmental impact.

Kala Ghoda Arts Festival 2025: JBCN International School Learners Make Their Mark

The young learners of JBCN International School are proud to participate in the 25th Kala Ghoda Arts Festival, Asia’s largest multidisciplinary street arts festival, running from January 25th to February 2nd, 2025, in the heart of Mumbai.

This year, learners from JBCN’s Parel, Oshiwara, Borivali and Chembur campuses present three stunning art installations that celebrate creativity and imagination:

  • The Parel campus captured a Timeless Sanctuary as its theme through an installation of a tranquil house-like structure made of translucent acrylic sheets, offering visitors a timeless serene escape to reconnect and reflect.

  • Through a vibrant display of abstract art by Grades 1 to 8 learners, inspired by legends like Kandinsky and Mondrian, showcasing the unfiltered creativity of young minds, the Oshiwara learners captured a theme of Colours of Infinity.

  • Echoes Within – The learners of Borivali Campus created an immersive journey of self-discovery and imagination, blurring the lines between reality and the infinite potential of the human spirit.

  • Reflections of Infinity – Grade 8 and 9 learners of Chembur Campus created a giant cube, balanced on one vertex, symbolizing the blend of time and evolution. This artwork, featuring mirrors and black-and-white elements, reflects their interpretation of the theme of Timeless Abstractions.

As the Kala Ghoda Arts Festival marks its 25th milestone, JBCN’s installations stand as a testament to the transformative power of art and education.

Don’t miss this chance to witness the boundless creativity and talent of JBCN’s learners. Visit the installations from January 25th to February 2nd, 2025, and experience the magic they’ve brought to life.

Blue Star’s Consolidated Revenue for Q3FY25 grows by 25% and Operating Profit by 35%

Building on the exceptional growth in the first half of this financial year, the Room AC business continued its strong upward trajectory during the quarter. Fueled by a strong festive season demand, the Room AC segment was an outlier amongst all consumer durables. Other key businesses also showed robust growth, driven by demand from several sectors. The increase in revenue and profit can be attributed to the Company’s continued investments in expanding distribution channels, innovation, R&D, digital transformation, and strategic supply chain planning.

Consolidated Financial Performance for Q3FY25

• The Company’s Revenue from Operations increased by 25.3% to Rs 2807.36 crores for the quarter ended Dec 31, 2024, compared to Rs 2241.19 crores during the same period the previous year.

• The Operating Profit (PBIDTA excluding Other Income) for the quarter improved significantly to Rs 209.38 crores (7.5% of Revenue) compared to Rs 155.35 crores in Q3FY24 (6.9% of Revenue).

• Other Income including treasury income for Q3FY25 was Rs 8.73 crores compared to Rs 12.67 crores in Q3FY24.

• Tax expense for the quarter was Rs 46.53 crores compared to Rs 33.93 crores in Q3FY24.

• Profit Before Exceptional Items and Tax grew by a significant 24.5% to Rs 167.2 crores during the quarter compared to Rs 134.29 crores in the same period of the previous year.

• Consequently, Net Profit for the quarter (after Exceptional Income) grew a significant 32% to Rs 132.46 crores compared to Rs 100.46 crores in the same quarter last year.

• Earnings per share (Face value of Rs 2.00) for Q3FY25 stood at Rs 6.44 as compared to Rs 4.89 for Q3FY24.

• Carried-forward order book as of December 31, 2024, is at a record high of Rs 6809.99 crores, as compared to Rs 6038.53 crores as of December 31, 2023, representing a growth of 12.8%.

• Capital Employed as of December 31, 2024, stood at Rs 2763.44 crores as compared to Rs 2298.88 crores as of December 31, 2023.

• The Company ended the quarter with a net cash position of Rs 102 crores as compared to a net cash position of Rs 157 crores as of December 31, 2023.

Consolidated Segment Performance for Q3FY25

• Revenue from the Electro-Mechanical Projects and Commercial Air Conditioning Systems segment grew by 32.2% to Rs 1562.41 crores during the quarter compared to Rs 1182.3 crores in the same quarter of the previous year. The Segment Result was Rs 118.73 crores (7.6% of Revenue) compared to Rs 96.66 crores (8.2% of Revenue) in Q3FY24. During the quarter, the Electro-Mechanical Projects business saw strong progress in order finalisations within the factories and data centre segments, while demand from the commercial real estate and infrastructure sectors was subdued. The Company continues to prioritise faster project execution while maintaining a healthy cash flow. The Commercial Air Conditioning business achieved moderate growth driven by demand from the manufacturing, educational, retail, and auditorium sectors. While the market potential for this business remains promising, the Company is witnessing liquidity challenges in certain segments, resulting in delays in order finalisations. The focus here continues to be on delivering innovative and customised solutions to meet evolving needs of customers.

• Unitary Products revenue grew by 21.9% to Rs 1164.36 crores in Q3FY25 compared to Rs 955.38 crores in Q3FY24. The Segment Result grew to Rs 94.78 crores (8.1% of Revenue) in Q3FY25 compared to Rs 67.93 crores (7.1% of Revenue) during the same period last year. The Room AC business, driven by a successful festive season, maintained its exceptional growth trajectory during this quarter as well. In the Commercial Refrigeration business, regulatory challenges in water coolers and deep freezers have been resolved, and the Company’s focus is now on preparing for the forthcoming summer season. The quick commerce and food delivery sectors are fueling growth in modular cold rooms, while the visi cooler market is expanding as retailers nationwide invest in upgrading stores.

• The Professional Electronics and Industrial Systems segment revenue declined by 22.1% to Rs 80.59 crores in the quarter compared to Rs 103.51 crores in Q3FY24. The Segment Result was Rs 6.2 crores in Q3FY25 (7.7% of Revenue) compared to Rs 15.21 crores (14.7% of Revenue) in Q3FY24. During the quarter, the Industrial Solutions business maintained strong momentum and growth, while both the Med-Tech and Data Security businesses experienced subdued performance. The operating cycle in these businesses is yet to revive, which is impacting order inflow.

Consolidated Financial Performance for the nine months ended December 31, 2024

• For the nine months ended December 31, 2024, the Company reported Revenue from Operations of Rs 7948.69 crores compared to Rs 6357.59 crores over the same period in the previous year, a growth of 25%.

• Operating Profit (PBIDTA excluding Other Income) was Rs 596.52 crores (7.5% of Revenue) compared to Rs 423.04 crores (6.7% of Revenue) during the same period last year, reflecting a growth of 41%.

• Net Profit was Rs 397.28 crores compared to Rs 254.6 crores during the same period in the previous year, representing a significant growth of 56%.

Chaina vs. Chamkeeli: Legacy Battle Starts January 27 on Shemaroo Umang

India is a land where family traditions are passed down through generations, one of which is the custom of passing down the responsibility of the house keys to the eldest daughter-in-law of the family. But what happens when this age-old tradition is altered, and the responsibility is handed to the youngest daughter-in-law? Badi Haveli Ki Chhoti Thakurain, a gripping new show from Shemaroo Umang, delves into this intriguing question, offering a fresh take on family dynamics power shifts and exploring unexpected changes in the hierarchy of a grand haveli. Set against the magnificent backdrop of Rajasthan, the show is set to premiere on January 27th, 2025, and will air every Monday to Saturday at 9:00 PM. This family drama promises a rollercoaster of emotions, twists, and captivating characters that will keep audiences hooked.

Produced by the celebrated writer and producer Raghuvir Shekhawat under his new banner, Natkhat Productions, the show features an all-star cast, with Diksha Dhami in the lead role of Chaina, a lively, smart, kind-hearted village girl whose life takes a dramatic turn when she enters the world of a grand haveli. Opposite her is Sheel Verma as Jayveer, and Ishita Ganguly as the cunning sister-in-law, Chamkeeli, who challenges the power dynamics within the family. The unfolding mystery of why Chaina has entered the haveli as Chhoti Thakurain sets the stage for an engaging narrative.

Sharing her excitement about the show launch, Diksha Dhami said, ” I’m really excited for everyone to finally meet my character, Chaina. She’s smart, a storyteller at heart, and has this incredible ability to make people believe in her stories—always using this talent to help those around her. On the surface, she’s cheerful and full of life, but beneath that, she hides a deep pain, which makes her a beautifully complex character to portray. Balancing her joy and hidden struggles has been a challenging but rewarding experience. I’m so grateful to Raghuvir Sir and Shemaroo Umang for trusting me with this role, and I can’t wait for everyone to meet Chaina and join her journey!”

Ishita Ganguly, who plays the villainous Chamkeeli, revealed, “Chamkeeli is the new vamp everyone will love to hate! She’s cunning, she’s bad, and she’s always up to something. From her looks to her antics, she’s unlike any character I’ve played before. I’m loving every moment of bringing her to life and can’t wait to see how fans react!”

Sheel Verma said, “My character, Jayveer, has an important role to play in the bigger story. Right now, not much has been revealed about him, but as the story unfolds, viewers will witness the inner turmoil he goes through and begin to understand why he is the way he is. At times, you might hate his actions, but eventually, you’ll fall in love with him as a person. While Chaina’s entry into the haveli as Chhoti Thakurain leaves everyone stunned, my entry will unwrap secrets that will bring an interesting turn in the story—you’ll have to watch to find out!”