Category: Business

  • Sarvesh Goel’s Urban Vision Mirrors Uttar Pradesh’s Rise as India’s New Opportunity Frontier

    Sarvesh Goel’s Urban Vision Mirrors Uttar Pradesh’s Rise as India’s New Opportunity Frontier

    Lucknow (Uttar Pradesh) [India], February 16: Lucknow is undergoing a quiet but decisive transformation. Known for its refined tehzeeb, literature, and Awadhi cuisine, the city is now emerging as a nucleus of investment, entrepreneurship, and modern infrastructure in northern India. This shift reflects a broader change across Uttar Pradesh, where policy push, connectivity upgrades, and a renewed focus on industry are repositioning the state as a land of opportunity.

    A symbolic expression of this transition can be seen in new age developments that blend cultural identity with global ambition. Among them is The Centrum, an urban resort concept created by entrepreneur Sarvesh Goel, which has drawn attention for redefining hospitality in the state capital. The property is notably the only five star non franchised hotel in Lucknow, operating independently without an international brand, a distinction that industry observers see as a sign of growing local confidence.

    Goel’s journey into hospitality did not follow a conventional path. With a background in education and business, he approached the sector from a perspective shaped by travel and observation rather than industry tradition. “I didn’t want to build a hotel; I wanted to build an emotion,” he told to media. “The intent was to create a place where people could disconnect from stress and reconnect with themselves.”

    Colleagues describe Goel as part of a new generation of regional entrepreneurs who are investing in experiences rather than just infrastructure. His decision to conceptualize a resort environment within city boundaries reflects a belief that aspirational consumers in tier two cities are ready for global standards without losing local roots.

    This vision aligns with Uttar Pradesh’s broader economic trajectory. Following major investment summits and infrastructure expansion, the state government under Chief Minister Yogi Adityanath has emphasized industrial growth, improved law and order, and business facilitation. Officials project that these measures will help transform UP into a trillion dollar economy, with sectors such as manufacturing, logistics, tourism, and services driving growth.

    Lucknow sits at the center of this strategy. Enhanced air connectivity, expressway networks, metro expansion, and planned industrial corridors are reshaping the city’s economic geography. The hospitality and events industry has expanded in parallel, hosting international meetings, government summits, and large private gatherings that once bypassed the region.

    Goel believes the demand was latent rather than absent. “When we completed the property, there was no defined market for such a space in Lucknow,” he said. “We had to demonstrate that if you create a world class experience, people will come. Today guests travel from across India because they want a resort atmosphere without leaving the city.”

    Sarvesh Goel

    Observers say the project’s design philosophy mirrors Lucknow’s evolving identity. Instead of replicating colonial or international styles, the architecture draws from Awadhi heritage while incorporating contemporary amenities. Wooden cottages, landscaped open areas, and privacy focused layouts attempt to recreate the calm of a distant retreat within an urban setting.

    The emphasis on cultural authenticity also resonates with the city’s recent global recognition. Lucknow was designated a UNESCO Creative City of Gastronomy in October 2025, honoring its culinary legacy from dum pukht traditions to iconic dishes such as galouti kebabs and biryani. The recognition has strengthened the city’s brand as a cultural destination while encouraging tourism and investment in food and hospitality ventures.

    Urban development experts note that such projects serve a dual function. They cater to rising consumer expectations while signaling investor confidence in the region’s future. The presence of independent high end ventures suggests that local entrepreneurs are willing to take risks traditionally associated with metro markets.

    Goel maintains that adaptability has been central to the concept. The property hosts diverse events ranging from cultural exhibitions to high level meetings and destination weddings. “A hospitality space should evolve with the needs of the people it serves,” he said. “It should not just provide rooms, but create memories and experiences.”

    His approach reflects a leadership style focused on long term vision rather than short term returns. Associates say he views the project as part of a larger effort to position Lucknow as a global city that still preserves its identity.

    Uttar Pradesh’s emergence as an investment destination has altered perceptions that once limited it to agriculture and traditional industries. New sectors such as electronics manufacturing, defense production, data centers, and tourism are gaining ground. Analysts argue that if infrastructure development continues at the current pace, cities like Lucknow could become major economic nodes in the next decade.

    For now, the convergence of policy support, entrepreneurial ambition, and cultural capital is reshaping the narrative. Lucknow is no longer defined only by its past but increasingly by its capacity to innovate.

    As Sarvesh Goel’s experiment suggests, the future of Uttar Pradesh may lie in leaders who are willing to imagine beyond conventional boundaries. In that sense, the story of one urban resort also reflects a larger story of a state repositioning itself on India’s growth map, driven by vision, opportunity, and the confidence to build something new.

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  • AM/NS India Expands Value-Added Steel Portfolio with World-Class Branded Offerings Vibrance and Optima to Power Appliance and Industrial Manufacturing

    AM/NS India Expands Value-Added Steel Portfolio with World-Class Branded Offerings Vibrance and Optima to Power Appliance and Industrial Manufacturing

    •    To meet rising OEMs’ demand for surface precision, aesthetics and manufacturing reliability

    •    Enabling OEMs to source world-class value-added steels from within India, aligned with the Aatmanirbhar Bharat vision

    Surat (Gujarat) [India], February 16: ArcelorMittal Nippon Steel India (AM/NS India) today announced the strengthening of its value-added portfolio with AM/NS Vibrance and AM/NS Optima – two world-class, premium branded steel solutions engineered to meet the increasingly design-led needs of Original Equipment Manufacturers (OEMs) across appliance and industrial manufacturing ecosystems.

    With demand rising for steel that combines consistent surface quality, tight tolerances and reliable performance at scale, AM/NS India is expanding its value-added portfolio with branded offerings that reduce reliance on imports while making premium, internationally benchmarked quality available domestically. These two branded coated offerings now form part of a value-added product portfolio that includes Optigal®, Magnelis®, Optigal® Prime, Optigal® Pinnacle, and others – each validated for consistency, efficiency, and durability across diverse applications.

    Mr. Ranjan Dhar, Director and Vice President – Sales & Marketing, ArcelorMittal Nippon Steel India (AM/NS India), said: “For Original Equipment Manufacturers (OEM) focused on precision manufacturing and consistent brand quality, material choice directly impacts productivity, cost, and long-term performance. Against this backdrop, the addition of AM/NS Vibrance and AM/NS Optima is a significant step in expanding our branded steel portfolio to support OEM productivity and value creation. These two coated steel offerings strengthen our position as a preferred solution provider, offering innovative, high-quality steel solutions aligned with our brand promise – ‘Smarter Steels, Brighter Futures’. By making world-class value-added steels available domestically, we are contributing to the ‘Make in India’ vision, while enabling our customers to build differentiated products with confidence and gain a competitive advantage domestically and globally. The appliance and industrial manufacturing ecosystems continue to be key growth pillars for our value-added steel portfolio, as we advance purpose-led innovations that help our customers become increasingly ‘Aatmanirbhar’.”

    AM/NS Vibrance – Premium colour-coated steel

    AM/NS Vibrance is a premium colour-coated steel solution for appliance OEMs, combining strength, precision, and superior surface aesthetics. As appliances become increasingly visible design features in homes and commercial settings, manufacturers need materials that combine consistent colour, controlled gloss and refined finishes with durability and efficient manufacturability. AM/NS Vibrance meets these requirements through advanced coating technology applied over precision-engineered steel substrates, ensuring reliable performance from fabrication through end use. AM/NS Vibrance ensures that manufactured appliances are visually appealing and built to last. It is well-suited for diverse appliance applications, including refrigerators, washing machines, microwave ovens, and water dispensers.

    AM/NS Optima – True Zero-Spangle Galvanised Steel

    AM/NS Optima is one of India’s most premium True Zero-Spangle Galvanised Steel products. It offers a higher degree of surface uniformity and control than conventional Galvanised Steel, enabling manufacturers to achieve cleaner, more consistent finishes.

    Built on superior precision-engineered substrates with uniform thickness and tightly controlled surface quality, AM/NS Optima steel bends predictably, offers finishes with visual harmony, and performs consistently across production runs. It empowers manufacturers to create highly refined, precise, and flawless surfaces that fulfil the most exacting applications. It is well-suited for multiple applications, including AC outdoor units, panels, and cleanroom installations.

    India’s consumer durables market – expected to become the world’s fourth largest by FY27 – is rapidly premiumising, driven by rising demand for appliances that offer flawless finishes and complement design-led living spaces.

    Annual coated steel demand in India – currently at 11.1 million tonnes – is projected to grow at an 8 –10% CAGR in the coming years. Within the appliance segment specifically, coated steel consumption is growing at about 10% annually, driven by rising consumer aspirations, rapid urbanisation, accelerating premiumisation, and supportive national initiatives such as the Production Linked Incentive (PLI) scheme and import substitution efforts.

    The coated steel demand from industrial applications is projected to grow at an 8–12% CAGR through 2030, supported by government policies driving PLI, self-reliance initiatives, and the expansion of automotive, electronics, and engineering sectors.

    Together, the appliance and industrial segments reinforce the strategic importance of coated steel in India’s long-term growth trajectory and highlight the critical role of high-quality value-added steel in powering the country’s manufacturing ambitions.

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  • Rathi Steel And Power Delivers Strong Q3 FY26 Performance; Income Surges 51 Percent, EBITDA Jumps 38 Percent

    Rathi Steel And Power Delivers Strong Q3 FY26 Performance; Income Surges 51 Percent, EBITDA Jumps 38 Percent

    New Delhi [India], February 16: Rathi Steel And Power Limited (BSE –504903), One of the leading players in stainless steel long products and TMT bars providing has announced its Unaudited Financial Results for Q3 FY26.

    Key Financial Highlights 

    Key Financial Highlights Q3 FY26

    • Total Income of ₹ 160.09 Cr, YoY growth of 50.97%
    • EBITDA of ₹ 6.41 Cr, YoY growth of 38.17%
    • PAT of ₹ 1.91 Cr, YoY growth of 262.33%

    * EBIDTA includes other income

    Commenting on the financial performance, Mr. Mahesh Pareek, Managing Director of Rathi Steel And Power Limited said, “Our Q3 performance highlights resilient operational execution, supported by our strategic and diversified product portfolio comprising Stainless Steel and TMT Rebars. This diversification has enabled us to maintain a healthy upward trajectory in revenue and strengthen our market positioning. During 9M FY26, we reported Total Income of ₹471.93 Cr, reflecting a growth of 32.67% compared to ₹355.70 Cr in the corresponding period last year, demonstrating steady demand and improved operational efficiencies.

    With improving capacity utilisation levels, we are focused on building stronger momentum going forward. We have already made an encouraging start to Q4 FY26, achieving our highest ever monthly sales of approximately ₹77.45 Cr from our Ghaziabad unit, which reflects strong demand traction and execution capabilities.

    Going ahead, we remain committed to sweating our assets, enhancing operational performance, and delivering premium quality products to our customers. We sincerely thank our employees, customers, and stakeholders for their continued trust and support as we work towards sustaining long-term growth.”

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

  • Glam Onn Season 6 – An Exotic Bloom Presented by Sonani Jewels

    Glam Onn Season 6 – An Exotic Bloom Presented by Sonani Jewels

    New Delhi [India], February 16: Glamour, artistry, and imagination converged at Glam Onn Season 6, presented by Sonani Jewels, unveiling this year’s theme — An Exotic Bloom. Positioned as the glam industry’s signature annual themed calendar IP, Glam Onn celebrates fashion, beauty, and creative expression each year through a distinctive concept, culminating in a grand launch party.

    Glam Onn Season 6 – An Exotic Bloom Presented by Sonani Jewels -PNN

    Conceived and led by Parimal Mehhta, Founder of Blanckanvas Media — the force behind Glam Onn, the platform has evolved into a sought-after creative property, seamlessly blending fashion, beauty, and visual storytelling through high-concept calendar photoshoots.

    Glam Onn Season 6 – An Exotic Bloom Presented by Sonani Jewels -PNN

    For Season 6, the theme unfolded as a living garden of couture. Designers and artists interpreted An Exotic Bloom through statement ensembles, intricate embellishments, and lush textures — captured in stylised editorial frames rather than a traditional runway format. The calendar showcased creations by leading designers Ken Ferns, Pria Kataria Puri, Rohit Verma, Ashfaque Ahmad, Felix Bendish, Gagan Kumar, Asif Merchant, and Designz by Minaaz.

    Glam Onn Season 6 – An Exotic Bloom Presented by Sonani Jewels -PNN

    The creative vision was further elevated by industry stalwarts including Runway Celebrity Stylist Rehan Shah, Celebrity Photographer Sayan Surroy, and Luxury Floral Designer Bhavna Mordani of House of Homes, who collectively shaped the calendar’s larger-than-life aesthetic.

    Bringing the theme to life were celebrated supermodels and personalities Iris Maity, Vaibhav Maurya, Anita Kumar, Anchal Kumar, Alesia Raut, Jitesh Nikam, Shubhi Joshi, Anjali Schmuck, Sachiin Kumbhaar, and Pankhuri Gidwani, alongside celebrity actor Shivam Kajuria — each serving striking, exotic looks that translated the floral fantasy into powerful visual imagery.

    Presented by luxury brand Sonani, the world’s largest lab-grown diamond jewellery showroom, and led by founder Agastya Sonani, the showcase was elevated with a refined layer of luxury that perfectly complemented the theme’s opulence and visual richness.

    Supported by creative experts Inshira Khan (Art Direction), HK Production (Videography), and Mukhtar Shaikh (Make-up), the project stood out as one of the season’s most visually compelling fashion and lifestyle calendar launches.

    The annual property culminated in a high-energy Launch Party at plush Monarchy The Lounge – Venue Partner, bringing together designers, celebrities, influencers, and media tastemakers. Notable attendees included designer Rohit Verma, producer-entrepreneur Amit Khanna, and supermodel-television personality Diandra Soares, adding star presence to the celebration.

    Powering the evening was Jerk Energy Drink as the Energy Drink Partner, with Jimmy’s Cocktails as the Mixers Partner and Boho as the Luxury Spirit Partner. 1664 Blanc joined as the Good Taste Partner, complemented by Smoke Lab as the Liquid Partner, while Frizzano Sparkling Beverages came on board as the Celebration Partner, marking the spirit of the night.

    Glam Onn Season 6: An Exotic Bloom didn’t just present fashion — it captured an immersive floral fantasy through lens and artistry, reaffirming its position as a platform that nurtures creativity and sets new benchmarks in themed calendar showcases.

    An annual celebration of style, Glam Onn continues to bloom — bolder, grander, and more inspiring with every season.

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  • Maximus International Reports 15% YoY Revenue Growth in Q3 FY26; Forecasts Record-Breaking Annual Performance

    Maximus International Reports 15% YoY Revenue Growth in Q3 FY26; Forecasts Record-Breaking Annual Performance

    New Delhi [India], February 16: Maximus International Limited (BSE: 540401), a premier manufacturer and exporter of specialty lubricants, has released its reviewed financial results for the quarter and nine months ended December 31, 2025. Despite a complex global market, the company maintains steady growth and operational resilience.

    Key Consolidated Financial Highlights

    Quarterly Performance (Q3 FY26 vs. Q2 FY26)

    • Revenue: Held steady at ₹435 Mn, showcasing consistent market demand.
    • Cost Efficiency: Total expenses decreased by ₹20 Mn (~5%), reflecting disciplined operational management.
    • Profitability: PAT and PBT remain healthy; Total Comprehensive Income reached ₹27 Mn, bolstered by favorable foreign exchange gains.

    Year-on-Year Growth (Q3 FY26 vs. Q3 FY25)

    • Revenue Expansion: Increased by ₹168 Mn (~15%), driven by robust performance across international markets.
    • Stable Returns: Net Profit remained consistent with the previous year, balancing higher input costs through enhanced efficiency.
    • Comprehensive Income: Grew by ₹15 Mn (~17%), supported by positive FX translations.

    Nine-Month (9M) Overview

    • Resilient PAT: Consolidated profit for the nine-month period stood at approximately ₹71 Mn, matching the previous year’s performance.
    • Strategic Adaptation: This stability was achieved despite significant tariff and duty disruptions in Kenya. Maximus has proactively mitigated these challenges by re-tailoring its product mix while awaiting government duty reversals.

    Forward Outlook

    With a traditionally stronger fourth quarter ahead, Maximus International projects that FY 2026 annual results is expected to surpass those of FY 2025. The company remains committed to high-quality specialty lubricants and sustainable growth across the industrial and automotive sectors.

    Maximus International Limited is a BSE-listed entity specializing in the manufacturing and global export of base oils and petroleum-based products.

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  • Fabtech Technologies Limited Secures ₹63.6 Crore Turnkey Pharmaceutical Project in West Africa

    Fabtech Technologies Limited Secures ₹63.6 Crore Turnkey Pharmaceutical Project in West Africa

    Mumbai (Maharashtra) [India], February 16: Fabtech Technologies Limited (FTL), a global leader in end-to-end pharmaceutical engineering, has secured a ₹63.6 crore Design-and-Build contract for a comprehensive pharmaceutical manufacturing facility in the West Africa region. The project will support the production of tablets, capsules, liquid syrups, and ointments, significantly enhancing access to affordable medicines across developing markets.

    Pioneering Turnkey Pharmaceutical Project in West Africa

    The facility is backed by the International Finance Corporation and supported by the United Nations Industrial Development Organization (UNIDO) as part of a broader initiative to strengthen West Africa’s pharmaceutical manufacturing backbone and reduce dependency on imports.

    Fabtech will deliver complete end-to-end execution from design and engineering to construction, installation, commissioning, and qualification integrating advanced cleanroom architecture, precision HVAC systems, process automation, and compliant utility engineering, all under a single-source model.

    Powered by its proprietary Design–Engineer–Build methodology, Fabtech combines deep technological capability with global regulatory expertise to deliver future-ready, GMP-compliant facilities. With vertically integrated in-house capabilities across air, water, and process systems, Fabtech continues to set the benchmark as the world’s most comprehensive single-source partner for pharmaceutical and biotech infrastructure.

    More than a project, this initiative reinforces Fabtech’s mission to make medicines accessible and affordable across emerging economies while supporting sustainable industrial development in West Africa.

    Disclaimer

    Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

     

  • Fujiyama Power Systems Limited Wins Silver at 6th Green Urja and Energy Efficiency Awards

    Fujiyama Power Systems Limited Wins Silver at 6th Green Urja and Energy Efficiency Awards

    New Delhi [India], February 16: Fujiyama Power Systems Limited has been honoured with the Silver Award under the category “Excellence Award for Manufacturing Green Energy Technologies” at the prestigious 6th Green Urja and Energy Efficiency Awards, organised by the Indian Chamber of Commerce (ICC).

    The recognition celebrates Fujiyama Power Systems Limited’s consistent contribution towards advancing green energy manufacturing in India, with a strong focus on sustainable technology, innovation, and energy efficiency. The Green Urja and Energy Efficiency Awards are among the country’s most respected platforms recognising organisations that are driving India’s clean energy transition.

    Commenting on the achievement, Pawan Garg, Founder and Joint Managing Director, Fujiyama Solar Power (UTL Solar), said,

    “This Silver Award at the Green Urja and Energy Efficiency Awards is a strong validation of our long-term commitment to manufacturing reliable and sustainable green energy solutions in India. At Fujiyama, we believe that clean energy adoption must be backed by robust indigenous manufacturing, innovation, and quality. This recognition motivates our entire team to continue contributing meaningfully to India’s renewable energy goals and energy-secure future.”

    The award underscores Fujiyama Power Systems Limited’s role in strengthening India’s renewable energy ecosystem through advanced manufacturing practices and environmentally responsible operations. Over the years, the company has focused on delivering high-performance solar and power solutions that align with national sustainability and energy efficiency objectives.

    The Indian Chamber of Commerce’s Green Urja and Energy Efficiency Awards aim to promote best practices, recognise leadership, and encourage innovation in the renewable energy and energy efficiency space, bringing together key stakeholders from industry, policy, and sustainability domains.

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