Category: Business

Mumbai (Maharashtra) [India], April 03: Monomark Engineering (India) Limited provides Industrial Operations and Maintenance (“O&M”) services, Metal Fabrication solutions and Industrial Project Execution services to diversified industrial clients. The company has filed its Draft Red Herring Prospectus with BSE & NSE in preparation for the IPO. The issue size will be of upto 2,70,00,000 Equity Shares of face value of ₹ 10 each. 

As Monomark Engineering (India) Limited moves forward with its IPO plans, the funds raised will be used in funding the incremental working capital requirements and it will flow directly into the company’s operations.

Holani Consultants Private Limited has been appointed as the Book Running Lead Manager to the Issue, while Bigshare Services Private Limited will serve as the Registrar to the Issue.

About Monomark Engineering (India) Limited: 
Monomark Engineering (India) Limited is engaged in the business of providing Industrial Operations and Maintenance (O&M) services, Metal Fabrication solutions, and Industrial Project Execution services to a diversified base of industrial clients across multiple sectors such as metals, cement, ports, and engineering/OEMs. 

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

New Delhi [India], April 03: AAC-based wall panels offer a more energy-efficient and flexible alternative, making them relatively less vulnerable to fuel price volatility compared to traditional materials

·       Rising global tensions may impact construction costs and project timelines across the sector

·       Growing shift toward AAC-based walling systems for faster and more efficient execution

·       Bigbloc Construction strengthens focus on modern, resilient building solutions

Recent global geopolitical developments have raised concerns around rising construction costs and potential delays in project timelines, especially due to volatility in key materials. This is adding a layer of pressure for developers who are already working with tight schedules and cost considerations. Amid this evolving scenario, Bigbloc Construction is highlighting the need for more efficient and resilient construction approaches that can help maintain project momentum and improve execution predictability.

At the same time, the sector continues to see strong demand across housing, infrastructure and data centre development. Developers are working with faster delivery expectations, making projects more sensitive to fluctuations in input materials. Volatility in fuel dependent materials is adding to this complexity and making planning less predictable. As a result, there is a growing shift toward modern construction solutions such as AAC based walling systems that support faster and more efficient execution.

This shift is becoming more relevant as traditional construction materials such as bricks and ceramics continue to rely on energy intensive processes, making them more sensitive to fuel price fluctuations. In comparison, AAC based wall panels are less energy intensive and offer greater flexibility in production, making them relatively more resilient in such conditions. In addition to this, they enable faster construction, often reducing project timelines by 30 to 50 percent, while also helping developers achieve better cost predictability and more efficient execution overall.

Aligned with this growing shift, Bigbloc Construction is strengthening its focus on modern walling solutions as India’s only listed AAC block manufacturer. The company is expanding its capacity and focusing on advanced walling solutions such as ZmartBuild wall panels to meet the changing needs of the construction sector. Through its joint venture with Siam Cement Group, Bigbloc has also set up a modern manufacturing facility in Kheda near Ahmedabad, ensuring consistent supply and scalable production.

Commenting on this, Mr. Narayan Saboo, Chairman, Bigbloc Construction Limited, said, “The construction industry is steadily moving toward solutions that offer faster execution and more predictable outcomes. There is a clear shift toward materials that can deliver efficiency without compromising on quality, and we believe modern AAC based systems will play an important role in shaping the future of construction in India.”

Looking ahead, the sector is likely to see a steady rise in the adoption of modern construction materials as developers look for better control over costs and timelines. Industry bodies have also pointed out that if the US–Iran conflict continues, it could lead to higher costs and some delays due to rising fuel prices and supply disruptions. At the same time, this is encouraging a gradual move toward more efficient and less resource intensive construction methods. This shift is also being supported by government initiatives encouraging the adoption of faster and more efficient construction methods across housing and infrastructure projects. With growing acceptance and supportive policy direction, the sector is expected to continue evolving toward more efficient and resilient practices, supporting long term and sustainable growth.

About BigBloc Construction:

Incorporated in 2015, BIGBLOC Construction Ltd is one of the largest and only listed AAC block manufacturer in India, with a 1.3 million CBM annual capacity across plants in Gujarat (Kheda, Umargaon, Kapadvanj) and Maharashtra (Wada). The company, which markets its products under the ‘NXTBLOC’ brand, is one of the few in the AAC industry to generate carbon credits. With over 2,000 completed projects and 1,500+ in the pipeline, The company’s clients include Lodha, Adani Realty, IndiaBulls Real Estate, DB Realty, Prestige, Piramal, Oberoi Realty, Tata Projects, Shirke Group, Shapoorji Pallonji Group, Raheja, PSP Projects, L&T, Sunteck, Dosti Group, Purvankara Ltd, DY Patil, Taj Hotels, Godrej Properties, Torrent Pharma, GAIL among others.

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New Delhi [India], April 03: Double Tap Films, India’s first data-backed microdrama studio, announces its formal launch, marking a new chapter in the country’s short-form entertainment landscape. Built at the intersection of indigenous IP and mobile-first consumption, Double Tap Films produces complete, vertical-first dramatic narratives powered by real audience intelligence from Pratilipi, the country’s largest Indian language storytelling platform.

• Built on Pratilipi’s IP ecosystem of over 20Mn stories, the studio combines data-backed, indigenous storytelling with vertical-first cinematic craft to deliver a new format for the mobile era
• Their content sits across leading platforms like Amazon Prime Video, MX Player, Zupee, Hungama OTT, Fatafat, Reelies, Story TV, Vertical TV, KLIP, DramaWave, and more
• With a growing slate of productions across Hindi, Bengali, Kannada, Gujarati, and more

Double Tap Films’ production model is built on a competitive advantage that is unique in the Indian entertainment industry. Pratilipi’s ecosystem, home to over 2Mn authors whose stories are read more than 800Mn times each month, provides the studio with a continuous pipeline of audience-validated IP across languages and genres. Before a single frame is shot, DTF already knows which stories generate the emotional dependency that drives binge behaviour.

The studio describes its approach as a ‘format lab to franchise pipeline’, using the microdrama format as a high-signal environment for identifying IP with the potential to scale across OTT, gaming, and international markets. Every production is simultaneously a story for audiences and a market signal for the industry.

“India has always been a country of storytellers. What has changed is the screen. The mobile phone is now the primary relationship that hundreds of millions of Indians have with narrative forms and Double Tap Films exists to define what great storytelling looks like within it. We are not making short content. We are building a new cinematic language for the mobile era, rooted in stories that India already loves.”— Ranjeet Pratap Singh, Co-Founder & CEO, Pratilipi

The studio’s debut slate spans multiple languages and genres, with productions including Avnika Ki Shaadi, Apavitra, Aag Se Takkar, Raavan, Boss Bahu, CEO Se Romeo, 2:47AM, Nishithini, and Naduve, with content available on Amazon Prime Video, MX, Zupee, Fatafat, Reelies, Story TV, Vertical TV, Hungama OTT, KLIP, DramaWave and more. Each production is conceived vertically from the first frame, engineered for the speed and intimacy of the mobile screen, and built around the brand’s defining philosophy – Zabardast Entertainment. Indigenous Storytelling. Global Reach.

“India has already crossed 250 million cumulative downloads of micro-drama apps, and that number continues to climb each month. Double Tap Films is built to become the studio powering this surge, creating and scaling the content audiences are actively consuming. We are not just producing content for the format; we are defining what the format can be. Every frame is designed for maximum emotional impact per second – mobile-first, story-first, and audience-obsessed. When you start with over 20Mn stories that readers choose to read over 800Mn times a month; and you build for the screen they carry in their pocket, the result is not short-form entertainment. It is the most direct line between a story and its audience.” — Sharlton Menezes, Vice President IP & Key Partnerships, Pratilipi & Double Tap Films

India’s microdrama market is one of the fastest-growing segments in the country’s entertainment economy, with projections pointing to a market value exceeding $1 billion by 2030. The format has seen rapid growth in consumption across Tier 2 and Tier 3 cities, with genres spanning family drama, romance, and aspirational narratives commanding the highest engagement. Double Tap Films enters this market not as a platform, but as a studio, bringing creative authority and validated IP to a space that has until now lacked a credible content brand at its centre.

The studio’s productions are available on Amazon Prime Video, MX, Zupee, Fatafat, Reelies, Story TV, Vertical TV, Hungama OTT, KLIP, DramaWave and more. Double Tap Films produces microdramas in Hindi, Bengali, Kannada, and Gujarati, with further language expansions planned through 2026.

ABOUT DOUBLE TAP FILMS

Double Tap Films is India’s first data-backed microdrama studio, producing vertical-first, emotionally engineered narratives built for the mobile screen and the modern attention span. Fuelled by Pratilipi’s IP ecosystem of over 2Mn writers whose stories are read more than 800 Mn times each month — DTF adapts audience-validated stories into complete dramatic arcs across Hindi, Bengali, Kannada, and Gujarati, and more, designed to provoke an immediate, instinctive response. Every frame is built for maximum emotional impact per second — mobile-first, story-first, and audience-obsessed. Zabardast Entertainment. Indigenous Storytelling. Global Reach.

ABOUT PRATILIPI | www.pratilipi.com

Pratilipi is the largest Indian language storytelling platform. Its eponymous product is home to over 1.6 million writers in 12 Indian languages and has over 12 million monthly active readers. Pratilipi also owns and operates Pratilipi FM, Pratilipi Comics, Westland Books, and IVM Podcasts. Pratilipi stories are licensed by ecosystem partners for various other formats, including OTT shows, TV shows, and movies.

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Mumbai (Maharashtra) [India], April 02: Dev Information Technology Limited(DEV IT), (NSE – DEVIT, BSE – 543462 | INE060X01034), a global IT services company offering Cloud Services, Digital Transformation, Enterprise Applications and Managed IT Services, has announced that its Board of Directors has approved the transfer of its product businesses, ByteSIGNER and Talligence, to Byte Technosys Private Limited, an associate company.

This move reflects the Company’s continued focus on sharpening its strategic direction and building a more efficient and focused operating structure.

Transaction Overview
The transaction involves a cash consideration of ₹11.90 Crore and is structured as a standalone slump sale, not pursuant to any merger or amalgamation. It is expected to be completed on or before September 30, 2026. The transaction qualifies as a related party transaction and is being executed on an arm’s length basis, supported by an independent valuation.

Business Transfer and Buyer Profile
Byte Technosys Private Limited is engaged in IT infrastructure management services, including remote server monitoring, helpdesk support and other computer-related services, along with software development and IT consultancy. The entity is an associate company of DEV IT.

Strategic Rationale and Way Forward
This transaction is aimed at enhancing operational efficiency, eliminating redundancies and improving go-to-market alignment, while enabling more effective resource allocation. It is expected to support margin improvement through cost efficiencies and strengthen oversight through a simplified structure. At the same time, it allows the product businesses to scale within a more focused environment, while enabling DEV IT to concentrate on its core capabilities and pursue long-term growth opportunities with greater agility and clarity. This marks a strategic realignment designed to unlock sustainable value for both entities.

Commenting on the Update, Dev Information Technology’s Management said: “This is a strategic step towards simplifying our structure and sharpening our focus on core business areas. By transferring ByteSIGNER and Talligence into a separate entity, we are creating a more focused environment for both businesses to grow, execute efficiently and scale in line with their respective opportunities.”

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

New Delhi [India], April 02: Rathi Steel And Power Limited (BSE –504903), One of the leading players in stainless steel long products and TMT bars, has recorded revenue of ₹ 244.8 Crores (approx.) for Q4 FY 26, while also reporting revenue of ₹716.7Crores (approx.) for FY26 as against ₹ 505.43 Cr in FY25, reflecting a growth of 41.8% YoY. Robust revenue for Q4 demonstrates operational resilience, considering the challenges posed by the current geopolitical developments impacting fuel costs, global trade and other macro-economic factors.

Company is uniquely positioned in the stainless-steel wire rod space, with the only Indian company to be direct charging capabilities for rolling stainless steel wire rod, wherein Hot stainless-steel billet is directly fed into the wire rod rolling mill, thereby minimising fuel consumption for reheating purposes. This capability is all the more relevant during current times, when fuel prices across the board are rapidly rising on account of the energy disruptions due to the Iran war.

Impact of rising fuel prices is being felt more in the TMT business which consumes larger quantity of the same. The company is however taking steps to mitigate the same.

Company’s balanced and diversified product portfolio comprising Stainless steel and TMT products provides operational flexibility, enabling us to cater to a wider customer base while optimizing realizations. Additionally, improved operational flexibility has led to higher capacity utilisation levels of the rolling division contributing to better throughput and scalability of operations. 

Commenting on the Performance, Mr. Udit Rathi, Promoter of Rathi Steel And Power Limited said, “This has been a strong finish to the year driven by the collective efforts of our team and continued focus on quality and operational excellence. As we move ahead, we remain optimistic about the strong fundamentals of the Indian economy, with a strong leadership and foundation in place. Undoubtedly, the present geopolitical situation does pose uncertainties and challenges. We remain watchful and cautious of the same. Company’s platform is well set for the next phase of growth, with continued focus on efficiency, quality, and scalable execution.”

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

Launches Codename Coral with 2 & 3 Bed Deck Residences and 40+ Curated Amenities

Mumbai (Maharashtra) [India], April 02: Mayfair Housing, one of Mumbai’s most respected premium real estate developers with a legacy spanning over six decades, has announced its strategic expansion into Mira Road with the introduction of Codename Coral, the micro-market’s first tropical-themed luxury residential development.

Strategically located on MTNL Road, near Jangid Circle (Mira Road East), the project enjoys strong micro-location advantages within a rapidly developing residential hub.

Codename Coral, by Mayfair Housing is a concept that blends contemporary architecture with resort-inspired landscapes and open spaces to create a tropical-themed living space. Designed as a complete urban sanctuary, the development will form a serene residential environment where nature, design and lifestyle amenities come together.

Spanning approximately 1.75 acres, the development features a 35-storey tower comprising 2 basements and 4 podium levels, an E-deck and 30 habitable floors, with the first habitable floor elevated at 21 metres. The project also incorporates smart ramp-assisted parking for enhanced convenience.

The project features thoughtfully planned 2 and 3 Bed Residences with decks, offering residents a seamless indoor–outdoor living experience. Complementing these residences will be 40+ curated lifestyle amenities spread across three levels, including spaces dedicated to wellness, recreation and social interaction.

These amenities are thoughtfully organised into themed experiential zones such as Coco Wellness, The Lagoon, Jungle Arena and Sunset Cove, creating a strong narrative-led lifestyle environment. Signature features include Coral Bay Pool with lagoon-style design, Breeze Café, Palm Ballroom, Mini Golf, Business Centre, and a Multipurpose Arena, along with rooftop amenities featuring solar-integrated terrace spaces.

A defining element of the development is its focus on open spaces, with nearly 50% of the project dedicated to open-to-sky areas. Inspired by the fluidity and calm of tropical environments, the design integrates landscaped zones, community spaces and amenity areas to create a continuous flow throughout the development, allowing residents to experience tranquillity within the city’s fast-paced urban setting.

The master planning further enhances arrival and circulation experiences through a double-height entrance lobby, a dedicated drop-off plaza, and a wide 7.5-metre inter70nal driveway ensuring smooth vehicular movement.

The project also integrates high street retail and commercial spaces, including a retail promenade named Moani Plaza, adding convenience and vibrancy to the development.

In recent years, Mira Road has emerged as one of the most promising residential corridors in the Mumbai Metropolitan Region, driven by rapid infrastructure development and increasing end-user demand. The region’s growth outlook is expected to strengthen further with the upcoming Vadhavan Port and the proposed offshore airport in Palghar, located around 60 km north of Mumbai. Together, these projects are envisioned to create an integrated port–airport hub capable of handling up to 90 million passengers along with large-scale cargo operations.

Strategically linked to the Delhi–Mumbai Industrial Corridor, the Mumbai–Ahmedabad Bullet Train, and the Vadodara–Mumbai Expressway, the emerging economic corridor is expected to reduce logistics costs and stimulate industrial and commercial growth. Improved rail connectivity between Mira Road and Bhayandar further strengthens the area’s positioning as an attractive residential and investment destination.

At a micro-connectivity level, the project benefits from proximity to Metro Line 9 (Sai Baba Nagar and Kashigaon stations), convenient access to the Western Express Highway, and close distance to Mira Road railway station. Residents will also enjoy a well-developed 5–15-minute social ecosystem comprising schools, hospitals and shopping destinations.

As Mira Road emerges as strong real estate market, Mayfair Housing’s entry into this micro-market is expected to catalyse a new wave of premium development in the micro-market, enhancing its overall lifestyle offering. Over 61 years of its existence, Mayfair Housing has delivered over one crore square feet of residential developments across Mumbai, building a reputation for design excellence, quality construction and reliable delivery timelines. The brand’s philosophy centres on creating thoughtfully designed spaces that prioritise the needs and lifestyles of residents.

The development is designed by reputed consultants including Kaushik Patel Architects (Architect), Newarch Landscapes (Landscape Design) and JW Consultants LLP (Structural Engineering), ensuring a high standard of design and execution. Sustainability has also been integrated through features such as solar panels on terrace and environmentally responsive planning elements.

Sharing his views Nayan Arvind Shah, Chairman, Mayfair Housing said, “The real estate business is a very serious business and what we build today will lend shape to outcomes many years down the line. Over the last six decades, our journey has been guided by values, integrity, transparency and an unwavering commitment to honour every promise we make. At Mayfair, we commit only when we are certain we can deliver. With Codename Coral, we will create not just homes, but a complete living experience that reflects evolving aspirations. It is al project where quality, luxury and thoughtful design come together to serve modern families. Mira Road holds immense potential as one of the fastest-growing suburbs, and we see our project contributing meaningfully to its future.”

Commenting on the announcement, Aditya N. Shah, Joint Managing Director, Mayfair Housing, said, “Codename Coral, will be a retreat to the residents to experience calm and serenity within the city. The tropical theme is very close to my heart because it allows us to bring that feeling of tranquillity into everyday living. This is an important aspect of living in a fast-paced city like Mumbai, where people rarely get the time or space to pause and reconnect with nature. We wanted to introduce something truly distinctive to Mira Road, which is in line with our philosophy of being product first, design first. When we focus on design and the quality of the product, we are ultimately focusing on the customer and the lifestyle we are creating for them.”

In his comments on the announcement Anay Shah Joint Managing Director, Mayfair Housing said, “At Mayfair Housing, we make sure that every project is nurtured with care and precision, much like a long-term responsibility that evolves over time. Our focus has always been on building trust with our customers and stakeholders through quality, transparency and consistent delivery. With Codename Coral, we have adopted a first time-right approach, supported by strong in-house capabilities and collaboration with leading design and engineering consultants. Mayfair’s vision is to deliver a thoughtfully crafted tropical-themed development that offers a holistic living experience for every age group by combining design excellence, innovation and attention to detail at every stage.”

Nitin Nagpal, Chief Sales and Marketing Officer, Mayfair Housing explained, “Backed by a legacy of over 60 years and more than 10,000 happy families, Mayfair Housing has always focused on delivery. Delivering not just what is promised, but often going beyond expectations, in terms of amenities, timelines or overall customer experience. Codename Coral in Mira Road reflects this philosophy. It is a thoughtfully designed tropical-themed development where every critical detailing from planning to amenities have been curated to enhance everyday living. Mira Road is a rapidly developing micro-market with strong infrastructure growth, and with this project, we are offering homebuyers a lifestyle product that is distinctive and stands out in the western suburbs and delivering on long-term value.”

For over six decades, Mayfair Housing has built its reputation on integrity, transparency and timely delivery. Guided by its philosophy of creating SARA—Safe, Appreciating and Reliable Assets— Codename Coral aims to offer more than just residences, envisioning a vibrant community that would become one of Mira Road’s most iconic addresses. With further details to be unveiled at the official launch, the development reflects Mayfair Housing’s continued commitment to thoughtful growth, architectural excellence and future-ready living in Mumbai’s emerging micro-markets.

About

Mayfair Housing is your true partner in creating excellent living spaces in Mumbai bustling metropolis. We go beyond building landscapes with an uncompromising commitment to our customers, crafting spaces that represent our enthusiasm for your ideas and aspirations. Our journey focuses on long-term commitment with our clients, where every base is set firmly and every commitment is kept. Mayfair Housing believes that building homes is synonymous with building happiness, and our practices based on integrity ensure that your investment thrives as a lasting tribute to our dedication.

MahaRERA Registration No: P51700002231

For more information, visit – https://mayfairhousing.com/ and https://codenamecoral.com 

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