Category: Business

Surat (Gujarat) [India], February 26: Sonani Jewels has unveiled “9 to Fine”, an everyday fine jewellery collection created to elevate daily style with refined elegance. Designed for women who appreciate subtle sophistication, the collection transforms everyday dressing into a styled statement — proving that fine jewellery isn’t reserved for occasions alone, but belongs in your daily wardrobe.

Crafted in 9KT gold and set with lab-grown diamonds, the 9 to Fine collection features a versatile range across rings, earrings, necklaces, pendants, bracelets and stackable styles. The strength and lightness of 9KT gold ensure comfort and durability for daily wear, while lab-grown diamonds bring brilliance with a conscious approach to modern luxury. The name “9 to Fine” reflects jewellery designed to move seamlessly from work hours to evenings out, refined, wearable and relevant.

Designed with gifting at its heart, the collection celebrates moments both big and small, whether it is self-appreciation, a birthday surprise, an anniversary token or a festive gift.

Speaking about the collection, Agastya Sonani, Founder, Sonani Jewels, said, “Jewellery shouldn’t just complement an outfit — it should define it. The right piece has the power to set the tone, elevate your presence and express your individuality, whether you’re at work, at a celebration, or simply moving through your day. With 9 to Fine, we’ve created fine jewellery that carries that same strength and confidence into everyday wear — pieces that are effortless, versatile and designed to be lived in.”

He added, “Gifting today has evolved beyond grand gestures to something deeply personal, such as honouring yourself, marking milestones, or giving something special simply because. These pieces are designed to be worn often, styled effortlessly, and cherished for the stories and emotions they represent.”

The collection features delicately crafted designs highlighted with white, pink, yellow and blue lab-grown diamonds, adding character to your everyday fine jewellery. The brand also offers customisation options, enabling customers to select diamond colours and design elements that reflect their personal tastes.

As with every piece of jewellery offered by Sonani Jewels is entirely manufactured in-house, reflecting the brand’s commitment to precision, quality and unmatched craftsmanship.

With 9 to Fine, Sonani Jewels reinforces its belief that diamond jewellery belongs in your everyday life. Because true luxury is not about saving it for some special occasion. It is about wearing it today, feeling it today and flaunting it fearlessly. The collection is now available at Sonani Jewels stores and through the brand’s official channels.

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Updated vision, core values, and brand identity reinforce focus on game IP expansion and long-term innovation

Bengaluru (Karnataka) [India], February 26: KRAFTON, Inc. today unveiled a new corporate vision and set of core values designed to guide the company’s long-term strategy and global growth. The announcement was made during the company’s town hall event, KRAFTON LIVE TALK (KLT).

Under the theme “Organizational Alignment Toward One Direction at a Point of Change,” CEO CH Kim introduced KRAFTON’s new vision:

“We pioneer the path to players’ dreams. With bold imagination and breakthrough technology, we create unforgettable worlds for fans across the globe.”

The new vision reinforces KRAFTON’s commitment to its core gaming business while positioning the company for sustainable growth built on its strengths in game development, publishing, and technology.

‘Pioneer the Undiscovered’ Defines Strategic Direction

KRAFTON introduced a new corporate slogan, “Pioneer the Undiscovered,” reflecting its ambition to strengthen major franchise IP while continuing to explore new genres and creative formats.

As part of its mid-to-long-term strategy, KRAFTON will pursue a “Learn-Fast, Scale-Up” model to identify and validate new franchise IP through targeted early releases before expanding successful titles globally.

The company will continue investing in technology, including AI tools that support development workflows and enhance gameplay experiences, while maintaining its primary focus on building compelling games for players.

Five Core Values to Guide Execution

To operationalize its vision, KRAFTON established five core values that will serve as guiding principles across studios and publishing teams:

• Aim for Bold Objectives
• Depth Builds the Edge
• Imagination + Technology
• Fan-First Thinking
• Embrace Global Perspectives

These values are intended to align teams around shared standards for decision-making, creativity, and long-term growth.

New Corporate Identity Reflects Global Publisher Role

KRAFTON also revealed a refreshed corporate identity titled “Perspective Shift,” symbolizing the importance of challenging conventional viewpoints to unlock new creative possibilities.

The updated visual identity introduces a bold red brand color designed to strengthen global recognition and reflect KRAFTON’s evolution as a global publisher representing diverse studios and franchise IP.

“KRAFTON is a company that pioneers the path to players’ dreams,” said CEO CH Kim. “The company’s new vision and core values will serve as the starting point for change – delivering unforgettable experiences to fans worldwide in KRAFTON’s unique way and expanding the possibilities of the gaming industry through bold imagination.”

KRAFTON plans to support the rollout of the new vision and values through company-wide training and internal programs designed to ensure consistent alignment across its global organization.

More information about KRAFTON can be found at https://krafton.com/en.

About KRAFTON, Inc.

Headquartered in Korea, KRAFTON, Inc. is dedicated to discovering and publishing captivating games that offer fun and unique experiences. Established in 2007, KRAFTON is built on a global network of 21 creative studios that include PUBG Studios, Bluehole, RisingWings, Striking Distance Studios, Dreamotion, Unknown Worlds, 5minlab, Neon Giant, KRAFTON Montreal Studio, OVERDARE, ReLU Games, Flyway Games, Tango Gameworks, inZOI Studio, Neptune, JOFSoft, ADK, Eleventh Hour Games, Omnicraft Labs, Olive Tree Games, and Moonshot Games.

Each independent studio strives to continuously take on new challenges and leverage innovative technologies. Their goal is to win over more fans by broadening KRAFTON’s platforms and services.

KRAFTON is responsible for premier game IPs, including PUBG: BATTLEGROUNDS, PUBG MOBILE, PUBG: BLINDSPOT, inZOI, Subnautica, MIMESIS, Hi-Fi Rush, Dinkum, TERA, My Little Puppy, and more. With a passionate and driven team across the globe, KRAFTON is a tech-forward company with world-class development capabilities, continuously exploring new possibilities that enhance the gameplay experience — including AI and other emerging technologies. For more information, visit www.krafton.com

About KRAFTON India

In India, KRAFTON is responsible for premier mobile games, including BATTLEGROUNDS MOBILE INDIA (BGMI), which has surpassed 250 million downloads, Bullet Echo India, Road To Valor: Empires, and CookieRun India, among others. Committed to enhancing the start-up ecosystem in India, KRAFTON has invested over $200 million in several Indian startups across interactive entertainment, gaming, Esports, and technology, since 2021. KRAFTON actively supports India’s game development ecosystem through its KRAFTON India Gaming Incubator.

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Mumbai (Maharashtra) [India], February 26: Fredun Pharmaceuticals Limited (BSE – FREDUN | 539730), is one of the Leading Pharmaceuticals Formulation manufacturing companies in India. Diversified into Generics, Cosmeceuticals, Nutraceuticals, Mobility, and animal healthcare products, has secured a credit rating upgrade from Infomerics Valuation and Rating Limited for its bank facilities aggregating to ₹156.17 crore.

Infomerics has upgraded the Company’s long-term bank facilities to IVR BBB+ with Stable Outlook from IVR BBB with Stable Outlook, while reaffirming the short-term rating at IVR A2. Earlier, the company received a similar upgrade from Brickwork, raising its bank facility credit rating from A3+ to A2.

A Clear Validation of Strengthening Fundamentals

The rating upgrade is a significant milestone that reflects FredunPharmaceuticals improved operational performance, stronger financial profile, and disciplined capital management across FY24 and FY25 (Audited).

The total bank facilities rated comprise:

• ₹143.17 crore – Long-Term Bank Facilities

• ₹13.00 crore – Long-Term/Short-Term Working Capital Facilities

The upgraded IVR BBB+ rating indicates an enhanced degree of safety regarding the timely servicing of financial obligations and demonstrates improving credit quality. The Stable outlook further signifies the rating agency’s confidence in the Company’s ability to sustain its performance trajectory and maintain a balanced financial risk profile.

Strategic Significance of the Upgrade

This development goes beyond a routine rating review. It represents:

• Strengthened banking confidence and institutional credibility

• Improved financial flexibility to support expansion initiatives

• Potential optimization of borrowing costs

• Enhanced positioning for future growth capital requirements

As Fredun Pharmaceuticals continues to expand its export presence across Africa, Southeast Asia, CIS countries, and Latin America, the upgraded credit rating strengthens its financial flexibility to efficiently manage working capital and support strategic growth initiatives.

The upgrade reflects the Company’s consistent revenue momentum, operational efficiency, and prudent leverage management, reinforcing its commitment to building a resilient, scalable, and globally competitive pharmaceutical platform.

Commenting on the update, Mr. Fredun Medhora, Managing Director, said, “This upgrade is encouraging for all of us at Fredun. It reflects the hard work of our team and the disciplined manner in which we are building the business. As we continue to grow across markets, our focus remains on strengthening the Company’s foundation while pursuing larger opportunities responsibly.”

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

Bhubaneswar (Odisha) [India], February 26: Annapurna Finance Private Limited has secured a USD 100 million through syndicated multi-currency term loan facility, along with a USD 50 million greenshoe option. The facility, denominated in USD and JPY, marks a significant step in enhancing Annapurna Finance’s access to new currencies and international lenders, the facility structured as a social loan underscores the organisation’s continued commitment to inclusive and responsible finance. Standard Chartered Bank acted as the Sole Mandated Lead Arranger, Underwriter, and Bookrunner, successfully leading the transaction with deep expertise and execution capability.

Commenting on the transaction, Mr Dibyajyoti Pattanaik, Director Annapurna Finacne Private Limited said, “This transaction is more than fundraising—it’s a defining milestone for our institution. In a challenging global and liquidity environment, its size and timing reflect strong confidence in Annapurna’s model and governance. Diversified, long-term global capital strengthens our balance sheet and reinforces our commitment to sustainable financial inclusion, women empowerment and climate resilience in India.”

This transaction builds on the company’s USD 109.5 million syndicated loan facility concluded last year, also led by Standard Chartered Bank, and reflects sustained market confidence in Annapurna Finance’s business model, governance framework, and execution strength.

Annapurna Finance Private Limited (AFPL) is one of India’s leading non-banking financial companies and ranks as the fourth-largest NBFC–MFI in the country, anchored in a strong customer-centric and responsible lending framework, Annapurna combines a wide on-ground distribution network with technology-enabled processes to enhance access, efficiency, and transparency. The institution remains committed to advancing sustainable financial inclusion by expanding formal credit access, strengthening household resilience, and supporting micro-entrepreneurship across its operational footprint.

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

Mumbai (Maharashtra) [India], February 26: Cupid Limited (Cupid, The Company),has appointed Mr. Bontha Prasada Rao (DIN: 01705080) as an Additional Non-Executive Independent Director of the Company for a first term of five consecutive years commencing February 25, 2026 up to February 24, 2031, subject to the approval of shareholders.

The appointment has been approved by the Board of Directors by way of Circular Resolution, based on the recommendation of the Nomination and Remuneration Committee.

Mr. Rao brings over four decades of distinguished leadership experience across the power, engineering and infrastructure sectors, having led large-scale public sector and multinational organizations.

Currently Serving as Independent Director on the Boards of:

Tata Boeing Aerospace Limited

• Havells India Limited
• Titagarh Rail Systems Limited
• Institute of Public Enterprises
• Steel Infra Solutions Company Limited (SISCOL)
• Power Mech Projects Limited

Professional Background and Leadership Experience:

• Former Chairman and Managing Director, Bharat Heavy Electricals Limited (BHEL), a Maharatna PSU with global presence across 76 countries
• Led BHEL’s capacity and capability expansion strategy; crossed ₹50,000 crore in sales and contributed to the Company being granted Maharatnastatus by Government of India
• Granted a rare two-year extension as CMD by Government of India in recognition of his technical and managerial excellence
• Under his leadership, BHEL was ranked No. 9 among the World’s Most Innovative Companies by Forbes in July 2011
• Mechanical Engineering Graduate from Jawaharlal Nehru Technological University, Kakinada
• Post Graduate in Industrial Engineering from NITIE, Mumbai (now IIM Mumbai)
• Former Managing Director, Steag Energy Services India, a wholly owned subsidiary of Steag Energy Services Germany
• Member, Studies Group of World Energy Council (served two terms)
• Former Chairman, CII Public Sector Enterprises Council
• Fellow, Institution of Engineers (India)
• Fellow, Indian National Academy of Engineering

Boards and Institutional Positions Held (Past):

• CSIR (Government of India) – Member, Board of Governors
• IIM Kashipur – Member, Board of Governors
• Electrical Construction Company (ECCO), Tripoli (JV of Government of India and Government of Libya)
• Central Depository Services Limited (CDSL)
• CDSL Commodity Repository Limited
• NITIE, Mumbai (now IIM Mumbai) – Board Member
• Poonawalla Fin Corp Limited

Awards and Recognitions:

• Conferred with the “Prof. S. N. Mitra Memorial Award 2018” for Engineering Excellence by the Indian National Academy of Engineers
• Awarded Honorary Doctorate by Jawaharlal Nehru Technological University, Kakinada, presented by the Hon’ble Governor of Andhra Pradesh during the University’s convocation in August 2019

The Board believes that Mr. Rao’s extensive experience in leading complex organizations, deep understanding of regulatory frameworks, and long-standing involvement in public institutions and listed entities will further strengthen the Company’s corporate governance framework, enhance Board oversight, and contribute to robust, transparent, and value-driven decision-making at Cupid Limited.

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