Deven Shah, Whole Time Director and Chief Executive Officer, Jyoti Global Plast Limited, says the new unit will support drone integration, testing, and deployment within a single manufacturing ecosystem
Category: Business
-
A New Transit Link Begins to Reshape Property Sentiment in Mumbai’s Northern Suburbs
Industry voices say the upcoming opening of Metro Line 9 could influence housing demand across Dahisar and Mira Bhayandar
Mumbai’s northern suburbs are preparing for a shift in daily mobility as the first phase of Metro Line 9 moves closer to opening, marking a significant development in mass rapid transit access for the Dahisar to Mira Bhayandar belt.
According to recent updates, the Commissioner of Metro Rail Safety has approved the launch of Phase 1 of Metro Line 9, covering the 4.5 kilometre stretch between Dahisar and Kashigaon. The corridor is expected to open to passengers by the end of January or early February, subject to final operational readiness.Metro Line 9 functions as an extension of Metro Line 7 and is designed to provide Mira Bhayandar with its first direct metro connectivity. Once operational, the line will link commuters to the Western Express Highway and enable smoother onward travel towards Andheri through existing metro corridors. Initial services are planned between Dahisar East, Pandurang Wadi, Miragaon, and Kashigaon, with future phases extending further into Bhayandar.
Urban planners note that even partial commissioning is expected to ease dependence on road based transport and suburban rail, offering a faster and more predictable commute option. Reduced travel time is seen as a key factor for working professionals and families seeking improved access to Mumbai’s employment hubs while living in comparatively less congested suburbs.Real estate stakeholders say the impending launch has already begun influencing market sentiment in the surrounding micro markets. Jayesh Rathod, Co Founder and Director at The Guardians Real Estate Advisory, said infrastructure continues to play a decisive role in shaping property value. He noted that Metro Line 9’s phased rollout is expected to unlock new residential pockets, integrate Mira Bhayandar more closely with Mumbai’s economic network, and draw interest from both end users and long term investors as connectivity improves.
Sharing a similar view, Prashant Sharma, President of NAREDCO Maharashtra, said the commissioning of Metro Line 9 represents an important chapter in suburban connectivity. He observed that anticipation around the first phase has already led to stronger interest among homebuyers and investors in Dahisar and Mira Bhayandar. According to him, metro access not only improves daily travel but also strengthens confidence in sustained residential and mixed use development near station precincts.Property analysts add that locations within walking distance of upcoming stations such as Kashigaon and Miragaon are witnessing higher enquiry levels and increased developer activity. Projects near transit nodes typically attract pricing premiums, a trend expected to become more pronounced as additional stations on the line are commissioned.
Beyond housing demand, the arrival of Metro Line 9 is also expected to support transit oriented development, encouraging a mix of commercial, retail, and lifestyle infrastructure around stations. This could gradually improve local employment opportunities and add depth to the area’s investment profile.While the initial launch covers only a limited stretch, the longer term impact of Metro Line 9 lies in its phased expansion and eventual integration with Mumbai’s wider metro network. As connectivity deepens from Dahisar towards Bhayandar, the corridor is likely to see evolving real estate dynamics, positioning these suburbs as increasingly viable options for quality urban living supported by modern public transport.
At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.
-
Reading Between the Lines of Edelweiss MF’s Latest Sectoral Fund Move
According to Radhika Gupta, MD and CEO of Edelweiss Asset Management Company, long term trends in financial services influenced the decision
Edelweiss Asset Management Company Ltd has announced a new sector focused offering with the launch of the Edelweiss Financial Services Fund, an open ended equity scheme that will invest predominantly in companies across India’s financial services ecosystem. The New Fund Offer is open for subscription from 27 January 2026 to 10 February 2026.
The fund has been introduced at a time when the financial services sector is undergoing significant change, shaped by shifts in household savings, consumption patterns, capital expenditure, demographics, and technology adoption. According to the fund house, these developments are influencing how capital is allocated across banks, non banking financial companies, insurance, asset management, capital markets, and newer technology driven models.Commenting on the launch, Radhika Gupta, Managing Director and Chief Executive Officer of Edelweiss Asset Management Company Ltd, said that India’s financial services sector sits at the intersection of multiple long term trends that are reinforcing one another. She noted that the increasing financialisation of savings, favourable demographics, rising consumption, and rapid digital adoption are creating sustained opportunities across the sector. She added that the Edelweiss Financial Services Fund has been structured to invest in businesses positioned to benefit from these enduring shifts.
The scheme’s investment objective is to generate long term capital appreciation through a bottom up stock selection approach. The fund will focus on identifying companies with strong fundamentals, sustainable profitability, and the potential for long term growth. While it will be benchmarked against the Nifty Financial Services Total Return Index, the investment strategy remains benchmark agnostic across market cycles.Trideep Bhattacharya, President and Chief Investment Officer for Equities at Edelweiss Asset Management Company Ltd, said the fund reflects the structural evolution underway within the financial services sector. He pointed to the gradual shift from traditional bank led lending towards specialised segments such as non banking financial companies, insurance, asset management, market infrastructure, capital markets, and fintech led business models. According to him, the focused sectoral approach is intended to help investors navigate the business cycle through disciplined stock selection.
The fund will follow Edelweiss Mutual Fund’s FAIR investment philosophy, which assesses businesses on Forensics, Acceptable Price, Investment style agnostic, and Robustness. Through this framework, the scheme aims to identify structural compounders with consistent profitability and the potential for valuation re rating.Under the indicative asset allocation, the scheme will invest between 80 and 100 percent of its assets in equity and equity related instruments of companies within the financial services sector. Up to 20 percent of the portfolio may be allocated to other equity and equity related instruments, debt, and money market securities, while up to 10 percent may be invested in units issued by Infrastructure Investment Trusts.
The scheme will be managed by Ashwani Agarwalla, Trideep Bhattacharya, and Amit Vora. The minimum application amount during the New Fund Offer period is ₹100, with investments allowed in multiples of Re 1 thereafter. An exit load of 1 percent will apply if units are redeemed or switched out on or before 90 days from the date of allotment, while no exit load will be charged after this period.The Edelweiss Financial Services Fund is suitable for investors seeking long term capital appreciation through exposure to equity and equity related instruments in the financial services sector and who are comfortable with sector specific risks. The scheme is categorised under the Very High Risk classification.
At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.
-
Prasad and World Sound and Vision Saudi Arabia Open a New Chapter in Film Preservation
Abhishek Prasad, Director and Chief Technology Officer, Prasad, says the new digitisation and restoration centre reflects a long term commitment to safeguarding cinematic heritage under Saudi Vision 2030
Prasad, a global leader in film preservation and post production with over seven decades of experience, has partnered with World Sound and Vision Saudi Arabia to launch a new digitisation and restoration centre in Riyadh. The Prasad WSV Digitisation and Restoration Centre is positioned as the first and largest facility of its kind in the GCC, marking a significant development in the preservation of cinematic and archival heritage across the region.
The initiative is led by World Sound and Vision Saudi Arabia under the direction of Dr. Cotup Saleh, Director, and is supported by Prasad’s global technology and restoration expertise. The project aligns with Saudi Arabia’s Vision 2030 objectives by strengthening the country’s cultural infrastructure and reinforcing its role as a growing hub for media innovation and heritage preservation.The Riyadh facility has been designed as a single integrated solution for the digitisation and restoration of films, magnetic tapes, and archival materials. Equipped with advanced scanning, cleaning, tape digitisation systems, and specialised restoration personnel, the centre enables local and regional archives to be preserved within Saudi Arabia. This removes the need to send culturally significant material overseas for restoration.
Commenting on the launch, Abhishek Prasad, Director and Chief Technology Officer at Prasad, said, “We are honoured to bring Prasad’s seven decade legacy of film preservation and restoration to Saudi Arabia through this landmark partnership with World Sound and Vision. The new Digitisation and Restoration Centre in Riyadh represents a long term commitment to safeguarding cultural heritage for future generations. Guided by Saudi Arabia’s Vision 2030, we see this as the beginning of a sustained effort to support the Kingdom’s emergence as a global leader in heritage preservation and media innovation.”The Prasad WSV Digitisation and Restoration Centre is expected to serve archives, cultural ministries, broadcasters, and academic institutions across the GCC. By combining advanced technology with decades of domain expertise, the facility aims to play a central role in preserving regional heritage while enabling new cultural and economic opportunities linked to restored content and archival access.
At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.
-
India’s Next Phase of Aviation Growth Puts Focus on Cross-Border Capacity Choices
Matthew Dass, Director of Consulting at Tourism Economics, says policy decisions on India UAE air links will influence passenger movement and economic outcomes through 2035
A new study has highlighted how policy decisions on international aviation capacity will shape the future of air travel between India and the United Arab Emirates, as passenger demand continues to rise across one of the region’s most significant air corridors.
The analysis indicates that if flight and seat capacity between India and the UAE remain at current levels, a substantial share of projected passenger demand may not be accommodated over the coming decade. By 2035, this could translate into tens of millions of passenger journeys that remain unserved, with the Abu Dhabi India corridor facing particularly pronounced pressure.The study points to structural changes in India’s aviation market as a key driver of long term demand. India’s travelling class, defined as households with sufficient income to travel by air, has expanded from 24 percent of the population in 2010 to 40 percent in 2024, adding nearly 300 million potential flyers. As a result, overall air travel demand is projected to grow at an average rate of 7.2 percent annually through 2035, equivalent to nearly 22 million additional passenger journeys per year.
Commenting on the findings, Matthew Dass, Director of Consulting at Tourism Economics, said that demand on India UAE routes is being driven by rising incomes, expanding trade links, and growing inbound and outbound tourism. He noted that load factors on major routes already exceed 80 percent, signalling limited spare capacity under current schedules, with available seats expected to be fully utilised as early as 2026.Beyond passenger volumes, the study also examines the economic activity supported by the India UAE air corridor, including tourism spending by inbound travellers and operational expenditure by airlines. Under scenarios where capacity constraints persist, the corridor’s contribution to gross domestic product is projected to grow at a compound annual rate of 3 percent over the next five years. Alternative scenarios that ease capacity limits could raise this growth to between 5.5 percent and 7 percent.
The analysis estimates that doubling seat capacity on the Abu Dhabi India corridor alone could enable an additional 7.2 billion dollars in economic output over the next five years, accounting for direct, indirect, and induced impacts. Such expansion is also expected to support more than 170,000 jobs per year on average during the same period.The report further suggests that improved air connectivity may deliver longer term productivity gains of up to 9 billion dollars annually by 2035, while increased capacity and competition could help place downward pressure on airfares, benefiting consumers.
The study concludes that aviation policy choices will play a decisive role in determining whether India is able to fully capture the economic and consumer benefits associated with continued growth in international air travel. The research was commissioned by Etihad Airways and conducted by Tourism Economics.At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.
-
Strong User and Creator Momentum Follows Alive’s Recent Market Entry
According to Vivek Kumar, Founder of Alive, the platform has rolled out 16 experiences and seen rapid adoption since going live in October 2025
Alive, India’s first full stack platform for curated and immersive experiences powered by proprietary technology, has reported strong early traction following its recent market entry in October 2025. The expansion was driven by inbound demand from users and creators, supported by a growing base of young working professionals seeking experience led ways to explore and connect offline.
Since going live, Alive has launched 16 new experiences and hosted over 2000 participants. The platform has recorded 116 percent growth during this period, positioning the market among its fastest growing since launch. Adventure and adventure sports have emerged as the most popular categories, with increasing interest in hands on, skill based, and outdoor formats.Unique offerings currently available on the platform include Horse Riding Learning, Paramotoring, and Woodworking experiences. These formats reflect a broader shift toward participatory activities that combine learning, physical engagement, and real world interaction.
Alive has onboarded several creators and experience hosts as part of its expansion, along with specialised businesses such as Hyderabad Polo and Riding Club, Chicane Circuit, and Jungle Stay Camping. Through its full stack model, the platform supports creators across experience design, discovery, bookings, and distribution, enabling them to scale their offerings sustainably.While bookings are currently led by individuals and small groups, Alive has also seen early inbound enquiries from over 100 Fortune 500 companies and startups. This signals growing interest in experience led formats for corporate team engagement and offsite activities.
Over the next six to twelve months, Alive plans to significantly expand its footprint. The company aims to introduce more than 50 new experiences over the next six months and scale to over 100 experiences within the next year, supported by deeper creator partnerships.This momentum reflects broader trends outlined in the Alive Experience Economy Report 2025, which tracks consumption patterns across cities where the platform operates. The report indicates a 90 times increase in spending on experiences in India in 2025 compared to 2024. More than 55 percent of users are now spending on learning led experiences, while significant amounts are being directed toward weekend experiences across urban centres. The data also points to changing social behaviour, with over 1,000 corporate employees opting for experiences over traditional team outings and a rising preference for hands on and outdoor formats.
Commenting on the expansion, Vivek Kumar, Founder of Alive, said, “Hyderabad has been one of the most encouraging launches for us so far. The city brings together a young, curious audience and a strong base of creators, which aligns closely with Alive’s vision of making experiences a habitual part of urban life. The early traction we have seen since October reinforces our belief that people are actively looking for meaningful, well designed ways to explore and connect beyond traditional entertainment.”
The market continues to play a strategic role in Alive’s national expansion plans, supported by a strong ecosystem of independent creators and experience driven businesses. The company’s approach aligns with the evolving preferences of urban consumers seeking offline engagement, skill development, and community driven formats.At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.
-
An alternative weighting philosophy is introduced into India’s benchmark ecosystem at BSE
BSE Index Services leadership explains the rationale and potential applications of an index built on equal constituent allocation
An alternative approach to measuring broad market performance has been introduced within India’s equity index framework with the rollout of the BSE 500 Equal Weight Index by BSE Index Services Private Limited, a wholly owned subsidiary of BSE.
The BSE 500 Equal Weight Index is designed to track the performance of companies included in the BSE 500 universe by assigning equal weight to each constituent, rather than weighting them by market capitalisation. This methodology offers an alternative lens on market participation, allowing each company to contribute uniformly to index performance.Constituents of the index are drawn from the broader BSE 1000 Index. The index has a base value of 1000, with a first value date of 20 June 2005, and follows a semi-annual reconstitution schedule in June and December. This structure is intended to maintain consistency while reflecting periodic changes in the underlying universe.
The index has been positioned for use across multiple investment and benchmarking applications. These include passive investment strategies such as exchange traded funds and index funds, as well as performance benchmarking for portfolio management services, mutual fund schemes and fund portfolios. By doing so, it expands the set of reference tools available to investors and asset managers seeking diversified market exposure.With the introduction of this equal weight construct, BSE Index Services continues to broaden its index offerings, supporting varied investment strategies and analytical perspectives within the Indian capital market ecosystem.
At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.
-
A new chapter in residential development unfolds for Runwal Realty
Sonam Kapoor, brand ambassador for Runwal Realty, joined the leadership team to mark the Auris Serenity Tower 4 association in Malad West
A new residential development agreement has been finalised by Runwal Realty, marking the company’s latest addition to its portfolio in Mumbai. The deal has been signed in association with Transcon and Sheth Creators for Auris Serenity Tower 4, with the project located in Malad West. The development will be launched following statutory approvals and is planned as a low density residential tower.
The occasion was marked by actor Sonam Kapoor, who is associated with Runwal Realty as its brand ambassador. The association reflects the company’s ongoing focus on design led residential developments across established urban markets.Planned as a premium residential tower, the project is expected to rise over more than 60 floors, with the first habitable level positioned at a height of 100 feet to enhance light, ventilation, and privacy. Part of an eight acre development, the tower will offer three and four bedroom residences with six apartments per floor, increased floor to floor height, expansive windows, and large decks. Homes are expected to offer views of the sea, surrounding greenery, nearby precincts, and the city skyline.
The development places emphasis on experience driven amenities intended to support everyday living. Key features include the Sunrise Pavilion and the Candlelight Trail, alongside more than 40 lifestyle amenities such as landscaped leisure areas, water features, recreational zones, and community spaces designed to encourage interaction and wellness within the residential complex.Located off New Link Road at Kanchpada in Malad West, the project will offer access to SV Road and the Western Express Highway. Connectivity is supported by proximity to Malad Railway Station and Metro Line 2A. The area is also close to established retail destinations and social infrastructure, with major malls and upcoming transport links expected to further improve accessibility.
The project adds to Runwal Realty’s portfolio of residential developments across Mumbai and reflects the company’s approach toward creating homes that balance connectivity with spatial quality. The developer has focused on timely delivery across its projects, particularly in the luxury and premium housing segments where execution certainty remains critical.Commenting on the development, Saurabh Runwal of Runwal Realty said that the company approaches residential projects with a focus on long term liveability, design relevance, and spatial planning. He stated that the Malad project has been conceived as a thoughtfully planned residential tower that prioritises comfort, openness, and privacy.
Sonam Kapoor said that the project reflects an approach to residential design that values openness, mindful planning, and attention to detail. She noted that her association with Runwal Realty aligns with her belief in homes that are personal, purposeful, and enduring in nature.
With several completed and ongoing developments across Mumbai, Thane, and Pune, Runwal Realty continues to expand its residential footprint while maintaining a focus on design, execution discipline, and long term relevance.At Prittle PrattleNews, featuring you virtuously, we celebrate the commitment and innovation. Led by Editor-in-Chief Smruti Bhalerao, our platform is dedicated to sharing impactful stories that inspire change and create awareness. Follow us on LinkedIn, Instagram, and YouTube for more stories that matter.