Technology Archives

15 May

Farmley Completes $40 Million Series C Fundraise Led by L Catterton

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#Farmley40MillionLCatterton Transaction positions Farmley to strengthen its foothold in India’s burgeoning healthy snacking market by leveraging L Catterton’s sector expertise and operating capabilities Chandigarh: Farmley, a rapidly-growing healthy snacking brand in India, today announced that it has completed a $40 million Series C fundraise led by L Catterton, a leading global consumer-focused investment firm. Existing shareholders such as DSG Consumer Partners also participated in the fundraise. The investments position Farmley to further scale the briskly-evolving dried fruits and nuts segment of the country’s healthy snacking market. The dried fruits and nuts segment of India’s healthy snacking market is expected to expand…

15 May

Adani Cement makes Indian infra professionals future-ready through nationally recognised EEP

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#AdaniCementACCEEP Chandigarh: Ambuja Cements and ACC, the cement and building material companies of the diversified Adani Portfolio, are advancing their commitment to nation-building by upskilling India’s infrastructure workforce through support for the Executive Excellence Programme (EEP). Since 2020, EEP has trained over 2,000 civil engineers and architects, with 175 professionals completing the programme in 2024 alone. The EEP offers short-term residential courses, which blend academic rigour with real-world application. The first two editions of the EEP were designed and conducted in collaboration with IIT Kanpur, followed by IIT Gandhinagar, and most recently at IISc Bangalore. Participants gain advanced skills in asset management, sustainable construction, and emerging technologies—earning…

14 May

Shree Cement announces Q4 EBITDA surge 46% QoQ led by focus on pricing and operational efficiency

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#ShreeCementQ4FY25results Chandigarh: Shree Cement, India’s third largest cement group by capacity, today announced its financial results for the quarter and year ended on 31st March, 2025, reflecting a robust performance. On sequential quarter basis, the Company reported a 142% rise in profit after tax to ₹556 crore, 24% rise in revenue to reach an all-time high of ₹5,240 crore while EBITDA surged by 46% to ₹1,381 crore. Financial Highlight ₹ in crore Particulars Quarter ended 31st March, 2025 31st March, 2024 31st December, 2024 Net Revenue from Operations 5,240 5,073 4,235 Operating Profit (EBITDA) 1,381 1,327 947 Profit after Tax…

14 May

Reliance Nippon Life Insurance Delivers profits before taxes of ₹247 crore leading to a 25% increase in PBT

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#RelianceNipponLifeProfitUp Chandigarh: Reliance Nippon Life Insurance Company Ltd. (RNLIC), one of India’s leading life insurance companies, today announced its audited financial results for the financial year ended March 31, 2025. The company delivered a steady performance across key metrics while continuing to strengthen its customer focus and operational resilience. For FY2024-25, RNLIC reported a Profit Before Tax (PBT) of ₹247 crore, reflecting a strong growth of 25% over the previous year (₹198 crore in FY2023-24). The company’s Assets Under Management (AUM) stood at ₹38,725 crore, marking a 9% year-on-year growth. New Business Premium (NBP) grew to ₹1,245 crore, and Total…

14 May

Vedanta Commits To Powering India’s Tech Sector With Transition Metals & Value-Added Products

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#VedantaValueAddedProducts Chandigarh: On National Technology Day, Vedanta Limited, India’s leading producer of energy transition metals commits to powering India’s technology and engineering sector through its thrust on value-added and sophisticated range of metals. Vedanta is expanding its value-added products for its zinc and aluminium products. The company has forayed into zinc alloys with a 30 KTPA plant while the aluminium business plans to significantly boost the share of value-added products in its portfolio to over 90% in the near-term. For its aluminium capacity expansion, Vedanta's board has approved about $1.5 billion, including a smelter expansion (for additional aluminium production) and…

14 May

NSDC International aims to train 1 lakh caregivers to boost global healthcare services

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#NSDCtrain1lakhcaregivers Chandigarh: NSDC International has consistently been augmenting its efforts towards bridging the skill gap in the caregiving segment across the globe with an ambitious aim to train around 1 lakh caregivers to enhance the capabilities of global healthcare ecosystem. The demand for these professionals is steadily increasing across the globe. Until now, the organisation has placed thousands of skilled care givers across various countries, including Germany, Japan, UK and Israel. It has provided specialised soft skill training as well as language skills, including English, German, Japanese, to enhance employability, resulting in recruitment by hospital and institutes globally. Recently, some…

14 May

Entrepreneurial Spirit Strong among Indian Accountants; 63% Eye Starting up: ACCA Global Talent Trends Survey 2025

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#EntrepreneurialIndianAccountants Majority of Indian accountants see accountancy as a launchpad for entrepreneurship, with 80% planning a career move within two years Chandigarh: ACCA’s (the Association of Chartered Certified Accountants) latest annual Global Talent Trends Survey 2025 alerts employers to changing perspectives among accountancy and finance professionals, providing a unique view of how people feel about their life at work and future career aspirations Now in its third year, this is the largest annual talent survey of accountancy and finance professionals across the world. Over 10,000 individuals from 175 countries including India responded to our survey on issues ranging from career…

14 May

IIFL Fintech Fund Announces the Second Exit From The Fund Clocks More than 100% Return for Investors

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#IIFLFintechFundReturn Chandigarh: IIFL Fintech Fund, India’s leading early-stage fund dedicated to fintech sector, today said that it has exited the financial data analytics firm - Finarkein Analytics – at more than double the valuation in three years of investment. This is IIFL Fintech Fund’s second exit after TrustCheckr, a fraud detection firm, which was bought by global caller identification app Truecaller in October 2023. IIFL Fintech Fund made ~80% returns on TrustCheckr investment within 18 months, when it was sold. Finarkein’s data and workflow orchestration platform allows enterprises to co-create data products on India’s emerging digital public infrastructure (DPI) like…

14 May

UPL LTD Announced 8% Revenue Growth, 175% Growth in Net Profits

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#UPLLTDRevenueGrowth Net Debt Reduction of $1.04 Bn Chandigarh: UPL Ltd, announced its financial results for the fourth quarter and full year ended March 31, 2025. Revenue increased to ₹155.7 Bn, compared to ₹140.8 Bn in Ǫ4 FY24, led by 11% volume growth and robust performance across all businesses. Commenting on the Ǫ4FY25 and full year performance, Jai Shroff, Chairman G Group CEO, UPL Ltd., said: “Our performance this year reflects the strength of our resilient core and the strategic actions we have taken to build a future-ready enterprise. The significant improvement in profitability and operational efficiency, alongside consistent revenue growth,…

13 May

Axis Bank partners with Lakshya Shooting Club to launch a High-Performance Shooting Centre

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#AxisBankShootingCentre Chandigarh: In line with its commitment towards strengthening India’s sports ecosystem, Axis Bank, one of the largest private sector banks in India, signed a Memorandum of Understanding (MoU) with the Lakshya Shooting Club (LSC) to establish a state-of-the-art ‘Axis Bank Lakshya Shooting Club High Performance Centre’ (HPC) at Navi Mumbai. Mr. Vijay Mulbagal, Group Executive & Head – Wholesale Bank Coverage & Sustainability, Axis Bank, and Ms. Suma Shirur, Chairman of Lakshya Shooting Club signed the MoU in the presence of other senior bank officials, in Mumbai. This exclusive Shooting Centre will provide world-class infrastructure, comprehensive athletic development programs, and community…