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Category: News Desk

  • USD 2.8 Million Round Backs GoDesi’s Push in India’s USD 10 Billion Sweets Market

    Harsh Deodhar, Principal, ENRISSION INDIA CAPITAL, India, says brand is positioned to scale traditional sweets for everyday consumption; Vinay Kothari, Co founder, GO DESi, India, outlines manufacturing and distribution expansion

    Mumbai, February 17, 2025: ENRISSION INDIA CAPITAL has participated in GO DESi’s USD 2.8 million Series B Extension Round, alongside existing investors DSG Consumer Partners and Aavishkaar Capital.
    India’s traditional sweets market is valued at over USD 10 billion, with nearly 90 percent of the category remaining unpackaged. This creates challenges around hygiene, quality consistency and scalability. At the same time, demand is growing for alternatives to highly processed snacks, particularly in everyday consumption categories.

    GO DESi operates as a packaged traditional foods brand focused on building organised offerings within largely unorganised segments. Its flagship product, DESi POPz, has reached over one crore consumers across India. The company has expanded its portfolio across sweets, treats and snacks, supported by in house manufacturing and structured sourcing systems.
    The brand states that its products are manufactured in high hygiene facilities, use ingredients such as jaggery and real dry fruits, and do not contain artificial sweeteners or added colours. Flavours including tamarind, mango and amla are offered in packaged formats aimed at routine consumption.

    Harsh Deodhar, Principal, ENRISSION INDIA CAPITAL, India, said, “GoDesi has built a strong, authentic brand by thoughtfully modernising traditional Indian sweets without losing their cultural soul. Their focus on taste, quality, and scalability makes them well placed to create a meaningful everyday alternative to highly processed snacks.”
    Vinay Kothari, Co founder, GO DESi, India, said, “Our goal has always been to bring traditional Indian tastes back into everyday snacking in a way that feels relevant, reliable, and accessible today. With ENRISSION INDIA CAPITAL joining us alongside DSG Consumer Partners and Aavishkaar Capital, we’re well positioned to strengthen our manufacturing, expand distribution, and introduce more DESi flavours to households across India.”
    The funding will be used to support manufacturing capacity, distribution expansion and portfolio growth.

    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.

  • Senior Citizens Face Growing Social Engineering Scams as NPCI Urges Caution

    National Payments Corporation of India outlines common fraud tactics including digital arrest, phishing and fake investment schemes, advises immediate reporting through helpline 1930

    India: As digital transactions become routine for senior citizens, instances of social engineering based fraud have also increased. The National Payments Corporation of India has drawn attention to common scam patterns and precautionary steps to reduce financial risk.
    Digital arrest fraud involves callers posing as law enforcement officials who threaten legal action over fabricated charges and pressure victims to transfer money or disclose personal information. Authorities do not demand payments or conduct investigations through phone or video calls.

    Investment fraud typically includes impersonation of financial experts promising unusually high returns. Fraudsters often misuse the names of reputed institutions to create credibility before disappearing with transferred funds.
    Phishing and vishing scams use emails, text messages or phone calls that appear to originate from banks or government agencies. Victims are prompted to share login credentials, OTPs or banking information.

    Tech support scams involve callers claiming that a device is infected with malware and persuading users to download remote access applications, enabling unauthorised access.
    Refund and payment link fraud directs users to fake web pages designed to capture login details under the pretext of rebates or order refunds.

    NPCI has advised senior citizens not to share UPI PINs, OTPs, passwords or banking credentials with anyone. Unknown links should not be opened and remote access applications should not be installed on request from unsolicited callers. Messages creating urgency regarding KYC expiry, SIM blocking or pension suspension should be verified independently.
    In case of suspected fraud, individuals are advised to contact the national cybercrime helpline at 1930 immediately and inform their bank. Saving communication records and seeking assistance from trusted family members before acting on unexpected instructions can help prevent financial loss.
    NPCI stated that digital payments remain secure when users follow basic verification practices and remain alert to unsolicited requests.
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  • Ardee Industries Limited Secures ISO IEC 17025 Accreditation for In House Testing Laboratory

    NABL grants Certificate TC 17461 to Ardee Testing Laboratory with validity until January 2030 under ILAC MRA framework

    Ardee Industries Limited has received accreditation for its in house testing facility, Ardee Testing Laboratory, in accordance with ISO IEC 17025:2017, General Requirements for the Competence of Testing and Calibration Laboratories.
    The accreditation has been granted by the National Accreditation Board for Testing and Calibration Laboratories under Certificate Number TC 17461. The certificate was issued on January 21, 2026 and remains valid until January 20, 2030, subject to continued compliance with NABL requirements and the approved scope.

    The accreditation covers testing activities conducted at Ardee Industries Limited’s manufacturing facility located at Plot No. 8A and 8B, Survey No. 35(P), 37(P), 38(P), 49(P) and 51(P), Menakur Village, Naidupet Mandal, SPSR Nellore District, Andhra Pradesh, India.
    NABL is a signatory to the International Laboratory Accreditation Co operation Mutual Recognition Arrangement. Under this framework, test reports issued by NABL accredited laboratories are recognised by other ILAC MRA signatories based on peer evaluation and mutual recognition of accreditation systems.

    The ILAC MRA framework facilitates cross border acceptance of test results, reducing the need for repeated calibration, testing or inspection for imports and exports. This supports the broader objective of accredited once, accepted everywhere.
    With ISO IEC 17025:2017 accreditation and NABL’s participation in the ILAC MRA system, Ardee Testing Laboratory’s test results are positioned for international recognition in line with the approved scope defined by NABL.

    Ardee Industries Limited’s manufacturing facility spans 7.61 acres and supports the production and supply of lead and lead alloy ingots. The facility is equipped with rotary furnaces, refining kettles, ingot casting machines, pollution control systems, a spectrometer and a battery breaker machine. As of March 31, 2025, the installed production capacity stood at 1,04,025 MTPA.
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  • Raheja Universal and Dow Extend 72,811 Sq. Ft. Commercial Agreement at Vashi NX

    Five year lock in structured at ₹125 per sq. ft. with annual escalation and 12 month security deposit for incubation facility

    Mumbai: Raheja Universal has renewed its commercial arrangement with Dow at the Vashi NX Incubation Centre in Navi Mumbai, covering 72,811 sq. ft. of carpet area.
    The agreement has been structured at ₹125 per sq. ft., inclusive of maintenance. It carries a five year lock in for both parties, a 5 percent annual escalation and a 12 month security deposit. The premises also include 73 dedicated car parking spaces.
    Dow has operated from the facility for over 11 years. During this period, the Vashi NX micro market and the broader Navi Mumbai region have witnessed infrastructure improvements including enhanced road access, suburban rail connectivity and proximity to key business corridors. The upcoming Navi Mumbai International Airport has further strengthened commercial confidence in the node.

    Within the Vashi NX cluster, Raheja Universal has developed a mix of residential, commercial and industrial projects under its Raheja District framework. Residential developments such as Solaris and Lunaris have added to local housing supply, while Prime at WTC Navi Mumbai has strengthened the commercial profile of the area by attracting multinational occupiers. Industrial projects including Raheja Tesla I and Raheja Tesla II have created organised infrastructure for enterprises seeking connected facilities.

    The renewed agreement reflects continued corporate occupancy and sustained commercial activity in Navi Mumbai’s Vashi NX micro market.

    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.

  • Inox Wind Delivers Rs 1,238 Crore Revenue in Q3 with 25.2 Percent EBITDA Margin

    Devansh Jain, Executive Director of INOXGFL Group, says renewable businesses are positioned to scale alongside expanding O and M portfolio

    Mumbai, February 16, 2026: Inox Wind Limited announced its financial results for the quarter ended December 31, 2025, reporting its highest quarterly revenue and operating profit to date.
    Consolidated total income for Q3 FY26 stood at Rs 1,238 crore compared to Rs 995 crore in the corresponding quarter last year. Consolidated EBITDA was Rs 313 crore, up from Rs 226 crore, translating into an EBITDA margin of 25.2 percent. Profit before tax for the quarter was Rs 209 crore compared to Rs 130 crore in Q3 FY25. Profit after tax stood at Rs 127 crore after accounting for a deferred tax charge of Rs 83 crore during the quarter. Cash profit after tax was Rs 262 crore.

    For the nine month period ended December 31, 2025, consolidated total income reached Rs 3,263 crore compared to Rs 2,391 crore in the previous year period. EBITDA for the nine months was Rs 804 crore. Profit before tax stood at Rs 516 crore, while profit after tax was Rs 345 crore. Cash profit after tax for the nine month period was Rs 668 crore.
    Execution during Q3 FY26 was 252 MW compared to 189 MW in Q3 FY25. The company’s order book stands at approximately 3.2 GW. Order inflows during FY26 to date are around 600 MW, including projects from Aditya Birla, Amplus Gentari, Jakson and First Energy.

    The scheme of demerger of the substation business from Inox Green and its merger into Inox Renewable Solutions is in the final stages of hearing before the National Company Law Tribunal, Ahmedabad. Upon approval and completion of the merger, Inox Renewable Solutions will be listed on stock exchanges.
    For FY26, the company has guided consolidated revenue of more than Rs 5,000 crore with EBITDA margin in the range of 20 to 22 percent. For FY27, consolidated revenue is expected to grow by around 75 percent over FY26 with EBITDA margin in the range of 20 to 22 percent.

    Devansh Jain, Executive Director, INOXGFL Group, said, “At INOXGFL Group, all our renewable companies are primed for massive growth in the years ahead. I believe Inox Wind will continue to deliver strong performance and execution, while the large-scale O&M portfolio expansion of Inox Green further adds to consolidated profitability.”
    Kailash Tarachandani, Group CEO, Renewables Business, INOXGFL Group, added, “Another set of strong quarterly results in Q3 FY26 has set Inox Wind on course to deliver its best-ever annual financial performance in FY26.”

    Sanjeev Agarwal, CEO, Inox Wind, said, “We have been able to deliver robust growth in Q3 FY26 despite on-ground challenges impacting offtake from some of our customers.”
    Inox Wind Limited is part of the INOXGFL Group and operates as an integrated wind energy solutions provider with manufacturing facilities in Gujarat, Madhya Pradesh and Himachal Pradesh.
    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.

  • First Physical Branch Opens in Bengaluru as Manipal Fintech Expands Gold Loan Services

    Puja Singh, CEO of Manipal Fintech, says the new office combines digital efficiency with in store customer assistance

    Bengaluru, February 13, 2026: Manipal Fintech has opened its first branch office in Bengaluru, marking its entry into physical operations as it expands access to gold loan and non gold loan services.
    The company, backed by The Manipal Group, said the new office is designed to combine digital processes with in person assistance. Customers visiting the branch can have their gold assessed, review pricing details and complete loan formalities through assisted support.

    The Bengaluru office is equipped with digital systems intended to enable quicker processing while maintaining compliance standards. The company stated that trained financial specialists will guide customers through documentation and disbursement processes.
    Speaking on the launch, Puja Singh, CEO of Manipal Fintech, said, “We are creating a platform for excellent customer experience that is digital, transparent, and incredibly fast, backed by the Manipal Group’s decades-long legacy of trust. This Bengaluru office brings together the convenience of digital technology with the reassurance of assisted journeys in acquiring loans for customers who still like the touch and feel for their lending needs. It allows us to deliver speed and digital efficiency while preserving the human connection that builds trust. Every loan be it Gold or Non-Gold loan is enabled through trusted financial partners, creating a safe and dependable ecosystem customers can rely on. From gold valuation to instant disbursement, every step is designed to be simple, secure, and reliable. With this launch, we are bringing together legacy, innovation, and accessibility to redefine how financial products are experienced in today’s world.”

    The company said its lending services are aimed at individuals, small business owners, farmers and families seeking access to credit against gold assets.
    The Bengaluru launch is part of the company’s broader expansion plans as it increases its presence across India.

    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.

  • Curious About Your Partner’s Past? Four Apps That Trace Lineage and Compatibility This Valentine’s

    From family trees built on 1.6 billion records to digital Kundli matching, genealogy and astrology platforms are turning Valentine’s Day into a search through ancestry and tradition.

    Valentine’s Day may be marked by flowers and dinner reservations, but a growing set of digital platforms is encouraging couples to look further back, sometimes centuries back, before calling it destiny.
    As interest in ancestry, heritage and compatibility grows, several Indian focused applications are offering tools that combine genealogy research with astrology insights. Whether users are curious about royal lineage, clan histories or traditional compatibility markers, these platforms bring family records and horoscopes onto the same screen.

    iMeUsWe positions itself as both a genealogy and relationship compatibility platform. The app allows users to explore more than 1.6 billion historical records to construct detailed family trees and identify ancestral connections. Alongside lineage tracking, it offers Kundli and Marriage Reports that provide insights into personality traits, financial alignment and marital compatibility. A free compatibility test is also available for users seeking a quick assessment of their relationship dynamics.
    Kulvriksh focuses on India specific lineage research. Users can build family trees that document traditional identifiers such as Gotra, Kuldevi and native villages. Its Community Tree feature matches submitted family information with its broader database to help individuals identify extended relatives and ancestral links within Indian communities.

    For users primarily interested in astrological compatibility, AstroSage provides Kundli Matching, also known as Guna Milan, along with AI driven horoscope services. Through its AstroSage Cloud feature, families can securely store birth charts and maintain a digital archive of their astrological records across generations.
    Kintree, described as a social networking platform for families, is available in 12 Indian languages. It enables multiple generations to contribute photographs, stories and historical details to a shared digital family tree. The platform is designed for families living across different cities or countries who want to maintain a centralised space for preserving their lineage.

    While these apps may not confirm royal titles or ancient dynasties, they reflect a broader shift in how modern couples approach heritage and compatibility. For some, Valentine’s Day is no longer just about romance. It is also about tracing roots, understanding tradition and asking how far back a relationship story might actually begin.
    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.

  • Revenue growth steadies at Ajax Engineering as non SLCM and services segments expand in 9M FY26

    Shubhabrata Saha, Managing Director and Chief Executive Officer of Ajax Engineering Limited, outlines transition impact on Q3 margins and long term portfolio strategy

    Mumbai, 12 February 2026: Ajax Engineering Limited reported revenue of ₹1,345 crore for the nine months ended FY26, reflecting a 2 percent year on year increase. Growth during the period was supported by a 4.5 percent rise in non SLCM revenue and a 14 percent increase in Spares and Services revenue, indicating a gradual shift toward a more diversified revenue mix.
    In Q3 FY26, revenue from operations stood at ₹434 crore compared to ₹548 crore in Q3 FY25. The quarter was affected by extended monsoon conditions, transition to new emission norms, slower project execution and customer cash flow constraints.

    Adjusted EBITDA for Q3 FY26 was ₹48 crore compared to ₹88 crore in the corresponding quarter last year. EBITDA margin stood at 11.0 percent versus 16.1 percent in Q3 FY25, impacted by higher production costs linked to the emission transition, changes in product mix and one time marketing and promotion expenses.
    For 9M FY26, adjusted EBITDA stood at ₹154 crore compared to ₹207 crore in the previous year period, with an adjusted EBITDA margin of 11.5 percent. Profit after tax for Q3 FY26 was ₹38 crore compared to ₹68 crore in Q3 FY25, while 9M FY26 profit after tax stood at ₹130 crore against ₹169 crore in the corresponding period last year.

    Shubhabrata Saha, Managing Director and Chief Executive Officer of Ajax Engineering Limited, said the construction equipment industry has experienced a transitional phase due to extended monsoons, emission norm changes and slower project execution. He said the company maintained leadership

    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.

  • Only two in ten CXOs say leaders act early in crisis, reveals Great Place To Work® at For All Summit™ 2026

    Balbir Singh, Chief Executive Officer of Great Place To Work® India, highlights leadership readiness gap as over 1,200 leaders convene in Mumbai

    Mumbai, 12 February 2026: Just 2 in 10 CXOs believe their leaders took early action and maintained stability during business crises, according to new findings shared by Great Place To Work at the For All Summit™ 2026 in Mumbai.
    The data also shows that every second CXO identifies managing change as their single biggest leadership challenge, indicating a widening leadership readiness gap across India Inc.

    The findings were presented at the Great Place To Work® For All Summit™ 2026, described as the country’s largest workplace culture summit, which brought together more than 1,200 senior leaders. The discussions focused on redefining leadership models in the face of technological disruption, workforce shifts and organisational transformation.
    Balbir Singh, Chief Executive Officer of Great Place To Work® India, said leaders who embrace what he termed The Great Adaptation are shaping organisations through clarity, agility and consistent action. He said organisations that identify leadership potential early, invest in mentoring and build trust through consistent behaviour are better positioned to navigate disruption.

    The summit highlighted a transition in leadership thinking from command driven models to enablement focused frameworks. Ajay Vij, Senior Country Managing Director at Accenture, said modern leadership is less about individual brilliance and more about enabling collective capability, noting that effective leaders make the team stronger rather than positioning themselves at the centre.
    Pramod Bhasin, Founder of Genpact, reinforced the idea of distributed leadership, advising organisations to bring in individuals with stronger domain expertise and provide them autonomy.

    Artificial intelligence was also central to the discussions. CP Gurnani, Co Founder and Executive Vice Chairman of AIONOS, and Arun Kohli addressed AI adoption as a productivity multiplier rather than a displacement risk, highlighting India’s demographic profile and data scale as advantages. They emphasised the importance of communication and rapid skill development to ensure effective implementation.
    Rituraj Chaturmohta of Uber for Business pointed to everyday operational friction as a barrier to employee experience, noting that trust based systems and removal of routine irritants have greater impact than large scale programmes.
    The summit also featured Mithali Raj, former captain of the Indian women’s cricket team; Prof. John Amaechi OBE, Founder of APS Intelligence and former NBA player; Gaurav Sehgal, Senior Vice President Human Resources Asia at Synchrony; Gurcharan Das, author and former Chief Executive Officer of Procter and Gamble India; and Dr Santrupt Misra, National Spokesperson of the Biju Janata Dal Party and former Chief Executive Officer of the Chemicals Business at Aditya Birla Group.
    Sessions focused on leadership accountability, AI adoption, employee experience design and purpose driven influence. All sessions were supported by sign language interpretation to ensure accessibility in line with the summit’s For All framework.
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  • Employer intent to hire women apprentices outpaces graduate employability levels

    Dr Nipun Sharma, Chief Executive Officer of TeamLease Degree Apprenticeship, examines sector wise demand across renewable energy, semiconductor manufacturing, IT, healthcare, BFSI and retail

    India’s apprenticeship landscape is entering a critical phase of gender participation, with employer appetite for female apprentices rising faster than graduate employability metrics.
    According to industry outlook indicators referenced by Dr Nipun Sharma, Chief Executive Officer of TeamLease Degree Apprenticeship, 44 percent of employers plan to increase women apprentices. However, only 34 to 37 percent of graduating women are currently assessed as employable, pointing to a widening readiness gap.

    Renewable energy leads employer intent, with 64 percent planning to increase female participation. Roles include solar installation technicians, project coordinators, energy auditors, operations analysts and ESG reporting professionals. Skill requirements range from electrical fundamentals and safety compliance to data analysis and sustainability reporting.
    Semiconductor manufacturing follows with 61 percent of employers seeking higher female engagement. With women representing roughly 14 to 16 percent of STEM roles, companies are building structured pathways into fabrication, cleanroom operations, equipment maintenance and quality control. Electronics fundamentals, automation systems and precision process adherence remain central competencies.

    IT and BPM recorded the highest Net Apprenticeship Outlook at 88 percent. Women account for approximately 36 percent of the sector’s workforce. Demand is concentrated in software testing, data operations, cybersecurity monitoring, application support and cloud operations. Digital literacy, coding foundations and automation tools are key enablers.
    Healthcare and allied services show comparatively higher female employability at 55 to 60 percent, with nearly 49 percent of employers planning increased hiring. Roles include medical laboratory technicians, healthcare administrators, pharmacy assistants and clinical data coordinators. Training environments benefit from structured clinical protocols and digital health systems.

    Leather, textiles and apparel reported 58 percent employer intent to increase female participation. As these industries formalise operations, demand is growing for quality inspectors, merchandising coordinators, supply chain assistants and compliance executives. Skills in lean manufacturing, inventory systems and export standards are increasingly required.
    Banking, Financial Services and Insurance recorded an 84 percent Net Apprenticeship Outlook. Female employability stands at around 40 percent. Demand spans operations executives, compliance analysts, risk support professionals and digital banking associates, with emphasis on financial literacy, regulatory understanding and data handling.
    Retail and sales, with a 78 percent Net Apprenticeship Outlook, remains a high volume entry point into formal employment. Store operations, customer experience, merchandising and e commerce support roles continue to expand, supported by digital POS systems and omnichannel operations.
    Dr Nipun Sharma noted that sectors characterised by technology intensity and structured training environments are leading female apprenticeship demand. He added that eliminating the gender gap in workforce participation could raise India’s GDP by 27 percent, underscoring the economic implications of converting apprenticeship intent into sustained employment.
    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.