Author: Abizar Attari
News Editor

On April 28, Visakhapatnam (Vizag for short) witnessed what many call a transformation for this Tier II town that has remained relatively away from the limelight. The Chief Minister of Andhra Pradesh, the Union IT Minister, and the chiefs of Google Cloud, AdaniConneX and Bharti Airtel jointly inaugurated the work on a new, $15 billion data center project led by Google. This project is the start of a new tag Vizag is soon to get one day- the ‘data center hub’ of India. Besides this, Sify, Reliance Industries and Tillman Global Holdings are just a few others who have committed…

New Delhi: Smartworks Coworking Spaces Limited has officially crossed the 10 million square feet mark in its managed office portfolio, as the company records its first full financial year post listing. For the quarter ended March 31, the company has witnessed a 31% year on year (YoY) growth in revenue to ₹1,796 crore, as it looks to become one of the leading companies in the managed office space market. As the company enters FY27, it has reached contractual revenue of ₹5,200 crore, offering long term visibility and financial stability to its business model. The 10 Million Sq. Ft. Powerhouse Unlike…

Mumbai: OnEMI Technology Solutions Limited, the company behind digital lending platforms Kissht and Ring, goes public today, April 30. It is seeking to raise ₹2,881 crore, combining a fresh issue of shares worth Rs.850 crore and an Offer for Sale (OFS) worth Rs.76 crore. The proceeds from the issue will be used to boost the capital base of its subsidiary, Si Creva, and for other general corporate purposes.  The company has, over the years built its business model catering to small ticket borrowers and New to Credit (NTC) borrowers through its Kissht POS brand and Ring credit app. It uses…

Hyderabad: Kellton Tech Solutions Limited, a digital transformation and enterprise solution company, has seen its long term issuer rating upgraded to ‘IND A-’ with a stable outlook. This upgrade, by the Indian Ratings and Research agency, reflects the company’s successful transition into a more mature and financially resilient organization.  Drivers of the Upgrade The company has seen various factors that have contributed ot the improved credit profile, including:  Sustained Operational Momentum: Kellton has consistently secured and executed large scale digital transformation contracts across the US, Europe, and India. Financial De-risking: The company has improved its net leverage and interest coverage…

Hyderabad: AmpereHour Energy partners with Organo Eco Habitats to enable India’s first residential community to implement a centralised Battery Energy Storage System (BESS) in the Organo Antharam community, setting a new standard in sustainable living. This major key development highlights AmpereHour Energy’s role in delivering advanced energy solutions for sustainable communities. Organo Antharam is inspired by the Indian villages, where sustainability is the foundation of how the community is imagined, designed, and lived in. Located in Chevella, it blends modern comforts with rural charm, which the company calls Rurban living. Organo’s vision was clear: to build a community that could move…

Vadodara: Neopolitan Pizza and Foods Limited, an upcoming  Quick Service Restaurant (QSR) brand, has announced the launch of its newest outlet in Una, Gujarat. This marks another milestone in the company’s mission to cement its presence in Gujarat. The Vadodara-based company has already partnered with real estate player Sunfin Realty to expand the brand via franchisees. Catering to the Local Palate Neopolitian has been successfully following the ‘Unlimited Fusion’ model, where it offers 100% vegetarian, hand tossed pizzas along with over 20 varieties of salads and starters in its outlets. It has been careful to select the right locations for…

Abu Dhabi: The Organization of the Petroleum Exporting Countries (OPEC) and the broader OPEC+ alliance suffered a setback after the  United Arab Emirates (UAE)  announced its withdrawal from the cartel on May 1. This comes at a time when the US-Iran war has wreaked havoc to the region’s main energy exports, with the war now in its third month. This decision has come after years of simmering tensions over oil production, with the Saudi-led OPEC forcing the UAE to keep nearly 30% of its oil capacity (about 1.5 million barrels per day) idle to meet OPEC’s price caps. The Trump…

Mumbai: The US-Iran war has been gradually affecting every part of our lives, and now even our relationships. With crude oil shipments continuing to be blocked at the Strait of Hormuz, leading condom manufacturers, including Durex, Cupid, and Karex Bhd, have said that price rises of 20% -30% will be unavoidable. A severe crunch of raw materials- silicone, naphtha and ammonia has slowed down production, and with a lack of alternatives, has meant that price rise will remain the only solution. About 86% of the ammonia used for producing latex condoms comes from Saudi Arabia, Oman and Qatar, with silicone…

New Delhi: Shyam Metalics and Energy Limited (SMEL) has announced a fresh investment of ₹2,700 crore to add to its high-margin product portfolio. This investment is part of its ₹16,060 crore capital expenditure pipeline, with ₹8,700 crore already deployed. This fresh investment will come through internal accruals, supporting the company’s expansion plans scheduled for the next 3-4 yeara Strategic Projects: Targeting Premium Segments With this, SMEL is venturing into Special Bar Quality (SBQ) steel, as the company looks to set up a 8,00,000 TPA Special Bar Quality (SBQ) and Specialty Wire Rod & Bar Mill, marking its entry in the…

New Delhi: With global demand for energy surging, and the uncertain and periodical nature of demand affecting supply, discoms and utilities are increasingly opting for smart meters, as an energy efficient solution. According to a report by Polaris Market Research, the global electricity smart meters size will reach $9.5 billion by 2034, expanding by 16.91% CAGR. Drivers of Demand  The demand for this growth has been fueled by several factors:  Sustainability Goals: Governments are increasingly aligning their energy infrastructure with net-zero sustainability targets, prompting the adoption of technologies that reduce carbon footprints. Technological Evolution: The integration of AI, IoT, and…