Business Archives - Page 5 of 9 - MediaCatalyst : News - Opinion

17 Feb

Fossil Arrives in Chandigarh with New Elante Mall Store

MediaCatalystBusiness

Chandigarh – Fossil, the international lifestyle brand known for its watches, accessories, and leather goods, has opened its first franchise store in Chandigarh at Elante Mall. This marks the brand's 30th retail location in India and strengthens its presence in the North Indian market. The new store, which opened its doors on February 17, 2025, offers Chandigarh shoppers access to Fossil's full range of products, including timepieces, handbags, jewelry, and other lifestyle accessories. The store's design reflects Fossil's blend of modern style and classic craftsmanship, creating what the company describes as an "inviting and interactive retail space." "Chandigarh, known for…

17 Feb

Sonoco Invests in Hyderabad Tech Hub, Creating Hundreds of Jobs

MediaCatalystBusiness, Investment

Hyderabad – Global packaging giant Sonoco has launched a state-of-the-art Performance Hub in Hyderabad, investing up to $10 million in the first phase. The facility will house up to 500 technologists within the next three years, creating significant job opportunities and solidifying Hyderabad's position as a key player in Sonoco's global operations. The hub, inaugurated on February 17, 2025, will focus on leveraging data analytics, automation, and emerging technologies to drive innovation in packaging design and manufacturing. Sonoco aims to onboard around 300 employees in the next 12-18 months, eventually scaling up to 500. "The Hyderabad Performance Hub is a…

15 Feb

Bodhitree Multimedia Sees Strong Q3 Growth, Driven by Quality Content

MediaCatalystBusiness, Marketing

MUMBAI – Bodhitree Multimedia Ltd. (BSE: BTML; NSE: BTML), an Indian content creation and media production company, has announced impressive financial results for the third quarter ending December 31, 2024. The company reported significant increases in revenue and profit, both on a consolidated and standalone basis. Consolidated total revenue reached INR 50.47 crores, a 19.6% jump from INR 42.17 crores in the same period last year. Consolidated Profit Before Tax (PBT) rose by 9.9% to INR 4.31 crores, compared to INR 3.92 crores in Q3 2023. Profit After Tax (PAT) saw a substantial 22.2% increase, reaching INR 3.03 crores, up…

19 Dec

Velocity Pours ₹200 Cr into India’s Booming F&B Sector

MediaCatalystBusiness, Investment

Bengaluru: Velocity, a leading cash-flow based financing platform, has announced a significant investment of ₹200 crore to empower India’s burgeoning restaurant and cloud kitchen industry. The fund is specifically designed to cater to the unique financial needs of F&B brands, particularly those operating on popular food aggregator platforms like Zomato and Swiggy. The F&B sector in India is experiencing exponential growth, driven by rising disposable incomes, evolving consumer preferences, and the increasing popularity of online food delivery. According to a report by Swiggy and Bain & Company, the market is projected to nearly double, reaching ₹9 trillion by 2030. Velocity's…

18 Dec

Mars Veterinary Health Invests in Crown Veterinary Services

MediaCatalystBusiness, Health

Investment will help advance pet healthcare in India and provide training and resources for local veterinary professionals Mumbai: Crown Veterinary Services (Crown Vet) today announced Mars Veterinary Health has entered the Indian veterinary sector through a minority investment. As part of a family-owned business with nearly 90 years of experience caring for pets, including 30 years in veterinary services, Mars Veterinary Health brings deep global expertise to Crown Vet’s established local presence that will help advance veterinary care in India. With its network of eight clinics across five cities in India—Mumbai, Delhi, Bengaluru, Hyderabad and Pune—Crown Vet is known for…

15 Nov

HGS Reports Mixed Q2 & H1 FY2025 Results

MediaCatalystBusiness

Mumbai: Hinduja Global Solutions (HGS) today announced its unaudited second quarter and half-yearly results for FY2025. Financial Highlights: Q2 FY2025: Total Income stood at Rs. 1,207.6 crore, with a Total EBITDA of Rs. 154.8 crore. H1 FY2025: Total Income reached Rs. 2,426.2 crore, and Total EBITDA was Rs. 298.3 crore. Key Developments: Strategic Partnerships: HGS signed two major contracts in North America for core technology services. Technological Advancements: Launched a new AI Hub in Manila, Philippines to enhance digital experiences. Global Expansion: The new center in Cape Town, South Africa, is already supporting over 65 clients. While HGS achieved positive…

14 Nov

AI Revolutionizes the Creative and Media Landscape: D:CODE 2024

MediaCatalystBusiness, Digital

Gurgaon: The Advertising Club's annual digital review, D:CODE, is set to return for its fourth edition on November 28th, 2024. Presented by Google, this year's event will delve into the transformative power of AI on the creative, media, and user landscape in India. The event will bring together nine industry experts, including a surprise speaker, to discuss the latest trends and innovations in AI. The lineup includes: Varun Mayya, CEO and Founder of AEOS Jaspreet Bindra, Founder of AI&Beyond and Tech Whisperer Ltd Manish Gupta, Director at Google DeepMind India Kavita Nair, Strategic Advisor at Skewb Analytics Soumya Mohanty, Managing…

14 Nov

Rapido Accelerates Growth, Cuts Losses in Q2FY25

MediaCatalystBusiness

Rapido, India’s leading low-cost mobility platform, has reported a strong financial performance for the second quarter of the fiscal year 2025 (Q2FY25). The company achieved a remarkable 2.5x increase in Gross Order Value (GOV) to INR 2,461 Crores, up from INR 977 Crores in the same period last year. This growth was driven by a doubling of ride orders to 207 million, indicating increased user engagement and a larger user base. Despite this significant growth, Rapido managed to reduce its quarterly losses to INR 17 Crores, a significant improvement from the INR 74 Crores loss in Q2FY24. This achievement was…

13 Nov

Saatvik Green Energy Powers Maharashtra with Solar Pumps

MediaCatalystBusiness, Energy

Mumbai: Saatvik Green Energy, a leading solar PV module manufacturer, has taken a significant step towards sustainable agriculture in Maharashtra by securing a contract with the Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL). The company will supply high-efficiency solar submersible pumps to 250 strategic locations across the state. These solar-powered pumps, ranging from 3HP to 7.5HP, are designed to cater to various agricultural needs, including irrigation, drinking water supply, and livestock watering. They are manufactured using 100% stainless steel and equipped with high-efficiency motors and controllers. The pumps have been certified by NABL accredited labs for their performance and quality.…

13 Nov

Nucleus Software Reports Q2 FY 2024-25 Results

MediaCatalystBusiness

New Delhi: Nucleus Software, a leading provider of lending and transaction banking solutions, has announced its financial results for the quarter and half-year ended September 30, 2024. Key Highlights: Revenue: Consolidated revenue for Q2 FY 2024-25 stood at Rs. 202.2 crore, compared to Rs. 205.3 crore in the same period last year. Profit After Tax (PAT): Consolidated PAT for the quarter was Rs. 33.1 crore, down from Rs. 44.6 crore in Q2 FY 2023-24. Earnings Per Share (EPS): Consolidated basic EPS was Rs. 12.4 for the quarter, lower than Rs. 16.7 in the corresponding period last year. Vishnu R. Dusad,…