Category: Business

Mumbai (Maharashtra) [India], December 23: Praveg Limited (BSE: 531637) is pleased to announced that the grand inauguration of the Praveg Adalaj Theme-Based Destination Park & Heritage Stepwell Museum, a first-of-its-kind cultural and experiential venue inspired by Gujarat’s iconic stepwell architecture. The landmark destination was formally inaugurated by Shri Bhupendrabhai Patel, Hon’ble Chief Minister of Gujarat, marking a significant milestone in Gujarat’s tourism and cultural infrastructure development.

The inauguration ceremony was graced by Shri Gajendra Singh Shekhawat, Hon’ble Union Minister, Ministry of Tourism, Government of India, as the Chief Guest, and Shri Harsh Sanghavi, Hon’ble Deputy Chief Minister of Gujarat, as the Guest of Honour, underscoring the project’s national and state-level importance.

Developed and operated by Praveg Adalaj Tourism Infrastructure Private Limited, a wholly owned subsidiary of Praveg Limited, the project has been executed under a Public-Private Partnership (PPP) model with TCGL on a 30-year lease, reinforcing Praveg’s long-term commitment to creating sustainable, world-class tourism and event destinations.

Strategically located on the Ahmedabad – Gandhinagar Highway, the Theme-Based Destination Park and Heritage Stepwell Museum has been envisioned as a multi-dimensional cultural landmark – serving as a venue for heritage led tourism, cultural performances, social celebrations, corporate events, and curated experiential programs, while celebrating Gujarat’s rich architectural and artistic legacy.

Speaking on the occasion, Dr. Vishnukumar Patel, Chairman of Praveg Limited, said, “The inauguration of Praveg Adalaj Theme Park and Heritage Stepwell Museum represents our vision of integrating Gujarat’s timeless heritage with contemporary infrastructure. It is not merely an event venue, but a cultural destination that narrates history, promotes tourism, and creates immersive experiences. We are deeply honoured by the presence and support of the Hon’ble Chief Minister, Hon’ble Union Minister of Tourism, and Hon’ble Deputy Chief Minister on this momentous occasion.”

The Heritage Stepwell Museum is a key highlight of the destination, offering visitors an immersive journey through Gujarat’s architectural brilliance, folk traditions, craftsmanship, and cultural evolution. Drawing inspiration from the world-renowned Adalaj Stepwell, the museum blends storytelling, spatial design, and curated exhibits to create a living heritage experience.

Key Highlights of Praveg Adalaj Theme Park:

• Museum of Heritage & Culture: A curated space showcasing Gujarat’s art, history, and traditions, offering visitors an immersive glimpse into the legacy of Adalaj and beyond.
• Expansive Venue: Spread across 23,000 sq. metres, with 4,500 sq. metres open garden, 1,924 sq. metres dining space, and 2,545 sq. metre ceremony area.
• Amphitheatre: A state-of-the-art 1,350 sq. metre amphitheatre with green room facilities.
• Ample Parking: A 5,000 sq. metre parking area for seamless guest convenience.
• Other Facilities: Open-to-sky lounge, luxury green rooms, scenic selfie points, curated guest amenities and fine dining experiences.

Exclusive Venues within Praveg Adalaj Theme Park

Jal Tarang

An open-air amphitheatre set against the timeless backdrop of the Adalaj Stepwell, Jal Tarang is designed to host government and corporate conferences, product launches, leadership seminars, award ceremonies, and brand activations. It beautifully revives Gujarat’s cultural spaces while integrating modern functionality.

The Vaav

Inspired by the Adalaj Stepwell, The Vaav offers a distinctive setting for photo shoots, cultural and musical performances, exhibitions, panel discussions, as well as large-scale corporate and institutional events. It is envisioned as a cultural stage where heritage seamlessly blends with immersive experiences.

Experiences Tailored for Every Occasion

From Sufi nights, folk music concerts, and art exhibitions to business networking sessions, social gatherings, birthdays, and government events, Praveg Adalaj Theme Park offers a versatile venue that transforms every occasion into a memorable experience.

The inauguration aligns with the Government of India’s and Government of Gujarat’s broader vision of promoting heritage tourism, experiential travel, and sustainable infrastructure, while positioning Ahmedabad – Gandhinagar as a prominent hub for cultural and business tourism.

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Chennai (Tamil Nadu) [India], December 23: One of India’s most iconic natural landmarks, standing tall at 8,586 metres, Kanchenjunga is the highest peak in India and the third-highest mountain in the world, making it a source of pride and awe for travelers and locals alike.

Sterling Darjeeling, perched atop Ghoom, the highest point of Darjeeling, gives guests a ringside view of Kanchenjunga. Guests are flocking to Sterling Darjeeling, to enjoy the magnificent views from thoughtfully designed vantage points, including the resort’s restaurant, Delicacy, allowing families and groups to come together and immerse in the different moods of the mountain in a relaxed, shared setting.

The Sterling Darjeeling resort focuses on experiences that encourage togetherness and comfort—offering breakfasts on the lawns, where guests can start their day with sweeping Kanchenjunga views, and high tea served by the viewpoint, set against Darjeeling’s serene mountain backdrop. While select rooms also offer views of the Kanchenjunga range, the emphasis remains on open, accessible spaces that invite guests of all ages to pause, connect and enjoy nature at their own pace, complemented by Sterling’s signature warm and comfortable stay experience.

Commenting on the offering, Mr. Harinath M., Senior Vice President – Marketing, Sterling Holiday Resorts, said, “Kanchenjunga is not just a mountain—it is a landmark that defines the spirit of Darjeeling and India. At Sterling Darjeeling, we have consciously created shared spaces where guests can experience these celebrated Kanchenjunga views together, at different points of the day. As a brand with a wide presence across leisure destinations in India, Sterling remains committed to delivering experiences that are rooted in the destination and memorable for families.”

Visit: www.sterlingholidays.com

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New Delhi [India], December 23: With over a decade of expertise in furniture lighting through its Loox range, Hafele extends its lighting portfolio with Hafele Architectural Lights, offering integrated lighting solutions designed for interior spaces. Developed to meet the growing demand for reliable, design-oriented architectural lighting, the range enables consistent illumination across residential and hospitality environments.

The Architectural Lights range has been engineered to support a variety of lighting requirements, including ambient, task and accent lighting, while maintaining visual continuity across spaces. Designed with flexibility and ease of application in mind, the range allows architects and designers to implement different illumination techniques using a coordinated family of luminaires.

A key offering within this portfolio is the Delft Series Architectural Lights, developed in response to current preferences for compact luminaires that deliver higher illumination with minimal visual intrusion. The series is suited for applications where controlled light output and visual comfort are essential, such as dining areas, bedrooms, living rooms, hotel rooms and display zones.

The Delft Series features a compact form factor with a deep baffle design that helps reduce glare and direct light effectively. Its controlled light distribution ensures comfortable illumination while supporting functional requirements across different interior settings. The luminaires are available in neutral finishes that integrate seamlessly into contemporary ceiling designs.

Designed around a modular concept, the Delft Series allows flexibility in configuration based on installation requirements. The plug-and-play system supports efficient, tool-free installation, simplifying on-site execution while maintaining consistency in performance and finish.

Engineered in line with Hafele’s approach to quality, reliability and system compatibility, the Delft Series reinforces Hafele’s position as a holistic lighting solutions provider. By extending the principles of flexibility and ease established by the Loox lighting system into architectural applications, Hafele Architectural Lights supports well-planned, comfortable and visually balanced interior environments.

Log onto https://www.hafeleindia.com/en/info/service/contact-us/410/ to find the nearest

Hafele showroom or design centre.

Customer Care Toll Free: 1800 266 6667

Customer Care WhatsApp: +91 97691 11122

Customer Care Email ID:customercare@hafeleindia.com

Established as a wholly owned subsidiary of Hafele Global network, Hafele India has been operating in India since 2003. An authority in the field of architectural hardware, furniture and kitchen fittings and accessories, the company also has a strong presence in synergized product categories like Home Appliances, Interior and Furniture Lighting, Sanitary Solutions, and Surfaces positioning itself as a complete solution provider for interior solutions in India and South Asia. Hafele India has a strong nation-wide presence through its offices and design showrooms spread across the country. The showrooms function as a one-stop-shop for all home interior and improvement needs – from providing in-depth technical advice to kitchen and wardrobe designing services through a team of experts.

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Bengaluru (Karnataka) [India], December 23: epiplex.ai, a global leader in AI-powered Digital Interaction Intelligence and enterprise process transformation, today announced that it has been awarded the prestigious “Best Brand 2025” title at the ET Now Best Brands Conclave. The award recognizes the company’s strong brand momentum, innovation leadership and impact in advancing enterprise AI.

The ET Now Best Brand Awards honor organizations that exemplify industry impact, customer trust, and meaningful value creation. This accolade underscores epiplex.ai’s strong momentum as a trusted, future-ready AI brand.

Commitment to Innovation and Customer Impact

epiplex.ai continues to advance the field of AI-driven process intelligence with its patented capabilities in process discovery, digital interaction analytics, and automation readiness. The platform enables global enterprises to capture complex workflows, analyze user interactions, and drive process improvement and operational excellence.

Innovation at the core: With a legacy of industry firsts—including co-creating the foundations of Electronic Performance Support Systems, delivering the world’s first RPA solution in 2003, pioneering Task Mining in 2004, and launching the first AI-enabled capture engine in 2012—epiplex.ai has consistently shaped the evolution of enterprise automation. Backed by multiple Indian and international patents and a strong pipeline of ongoing innovations, the company has built a proprietary technology backbone that accelerates enterprise intelligence at scale. Operating from its Bengaluru headquarters, epiplex.ai today supports 1,000+ global enterprises with solutions that enhance clarity, performance, and digital transformation—while maintaining a 95%+ customer satisfaction rating.

Delivering business impact: By capturing real user actions, mining tasks, and identifying high-value automation opportunities, epiplex.ai drives measurable gains in productivity, compliance, digital adoption, and operational efficiency. Enterprises typically achieve 30–50% faster cycle times, 60–70% quicker onboarding, and up to 40% fewer errors. With Agentic Automation, they now move from insight to intelligent execution—unlocking faster automation ROI and a clear uplift in customer and employee experience.

This recognition marks a significant milestone in the company’s global expansion and strengthens its position as a category-defining brand in enterprise AI.

Leadership Quotes

Rashmi Aiyappa, Founder and Executive Chairperson of epiplex.ai, added:
“From day one, epiplex.ai was built on a foundation of integrity, performance, and innovation. Receiving the Best Brand Award is a proud moment for all of us, as it celebrates not only our product excellence but also our mission to create transformative impact for enterprises worldwide. This achievement belongs to our passionate team and the customers who continue to support our journey.”

Ravi Ramamurthy, Founder and CEO of epiplex.ai, said:
“We are deeply honored to be recognized as a Best Brand 2025 by ET Now. This award reflects our relentless commitment to innovation, customer-centricity, and delivering enterprise-grade AI solutions that drive measurable outcomes. It reinforces the trust that our clients, partners, and the broader industry place in epiplex.ai as we expand globally with a bold vision for the future.”

About epiplex.ai

epiplex.ai is a next-generation Digital Interaction Intelligence platform that enables enterprises to unlock deep process insights, accelerate transformation, and improve workforce productivity. With capabilities in process discovery, task mining, simulation-based training, and interaction analytics, epiplex.ai delivers significant improvements in efficiency, compliance, and digital adoption.

The company holds multiple Indian and international patents and is trusted by more than 1,000 enterprises globally, spanning BFSI, Telecom, Healthcare, and Global Capability Centers (GCCs). epiplex.ai is headquartered in Bengaluru, India, and continues to expand its global footprint.

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Mumbai (Maharashtra) [India], December 23: The continuing weak economic environment and massive geopolitical uncertainties impacted the results of specialty chemicals company LANXESS in the third quarter of 2025. Sales amounted to EUR 1.338 billion, down 16.3 percent from EUR 1.598 billion in the previous year. EBITDA pre exceptionals was EUR 125 million, a 27.7 percent decline compared with the prior-year figure of EUR 173 million. This decline was primarily due to generally weak demand, which led to lower sales volumes. In addition, the sale of the Urethane Systems business unit on April 1, 2025 – whose results are no longer included in the quarterly figures – and adverse currency effects also contributed to the decline in the Group’s earnings.

The EBITDA margin pre exceptionals for the third quarter was 9.3 percent, compared with 10.8 percent in the same period last year.

“The ongoing weakness in global demand continues to impact the entire chemical industry, including us. The situation is particularly dramatic in our target industries of construction, automotive and agrochemicals. We currently see no light at the end of the tunnel and expect this situation to continue well into next year,” said Matthias Zachert, CEO of LANXESS. “We are therefore continuing to focus all our energy on what we can influence: reducing costs, streamlining processes and structures, and optimizing our market positioning.” Nevertheless, the chemical industry needs further support from politicians. Zachert said: “Berlin and Brussels must strengthen our competitiveness much more quickly and decisively – otherwise entire value chains are at risk.”

LANXESS has specified its guidance for the full year 2025 and now expects EBITDA pre exceptionals to be around the lower end of the range of EUR 520 to 580 million.

Further cost reductions planned

Thanks to the “FORWARD!” action plan initiated in 2023, LANXESS will achieve permanent annual savings of around EUR 150 million by the end of 2025. In August of this year, LANXESS announced additional optimizations in its production network. These are expected to generate permanent annual savings of around EUR 50 million by the end of 2027. In addition, the company is now launching further measures with a savings potential of around EUR 100 million. The details are currently being worked out and will be specified in the first quarter of 2026.

Net financial debt stable despite tense market situation

LANXESS was able to keep its net financial liabilities stable thanks to tight cash management. At the end of the third quarter, they amounted to EUR 2.072 billion, compared with EUR 2.069 billion at the end of the second quarter.

Business development in the segments

The Consumer Protection segment achieved sales of EUR 453 million in the third quarter of 2025, a 13.1 percent decline compared with the prior-year figure of EUR 521 million. EBITDA pre exceptionals was EUR 72 million, up 1.4 percent from EUR 71 million in the same period last year. Among other things, cost savings from the “FORWARD!” action plan ensured stable development. The EBITDA margin pre exceptionals increased to 15.9 percent, compared with 13.6 percent in the prior-year period.

The Specialty Additives segment recorded sales of EUR 505 million, an 8.2 percent decline from EUR 550 million in the third quarter of 2024. EBITDA pre exceptionals decreased by 26.2 percent, falling from EUR 61 million in the prior-year quarter to EUR 45 million. Weak demand and the resulting lower capacity utilization led to a decline in earnings and margins. The EBITDA margin pre exceptionals was 8.9 percent, compared with 11.1 percent in the prior year.

In the Advanced Intermediates segment, sales in the third quarter of 2025 fell to EUR 377 million, a decline of 17.1 percent compared to the prior-year figure of EUR 455 million. EBITDA pre exceptionals reached EUR 26 million, down 61.8 percent from EUR 68 million in the same period last year. Weak demand, persistent price pressure from Asia, and lower capacity utilization had a negative impact on earnings and margin. The EBITDA margin pre exceptionals was 6.9 percent, down from 14.9 percent in the prior year.

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CA Jambukeswaran Jambukeswaran, Managing Director & CEO, and Leesha Arya, COO & Co-founder, JJ TAX, highlighting the company’s decade-long vision powered by Uniqey.

Gurugram (Haryana) [India], December 23: JJ Fintax Solutions Private Limited (JJ TAX) proudly marks the completion of six successful years in the financial and professional services industry, reinforcing its journey as a trusted, growth-driven organization supporting startups, SMEs, and established businesses across India. Over the years, the company has steadily evolved by combining deep domain expertise with technology to simplify complex business and compliance needs, while competing directly with established players in the sector.

At the heart of this transformation is the Uniqey App, the company’s integrated digital platform that has emerged as a true one-stop solution for startups and growing businesses. Through the Uniqey app, entrepreneurs can seamlessly access end-to-end services covering business registration, taxation, compliance, accounting, audits, legal matters, and ongoing operational support. Designed to eliminate delays and inefficiencies, Uniqey enables GST registration within an hour, company name approval in a single day, and MSME registration within 24 hours—allowing founders to move from idea to execution faster than ever.

MSME registration, a crucial gateway for startups and small businesses to access government benefits, subsidies, easier credit, and priority lending, has been further simplified through Uniqey’s streamlined digital process. By reducing procedural complexity and timelines, JJ TAX has helped thousands of businesses unlock these advantages quickly and effortlessly, strengthening its reputation as a reliable partner in business growth.

Since its inception, JJ TAX has consistently delivered value through its core services in taxation, accounting, audits, legal advisory, and company compliance. With a strong focus on accuracy, regulatory adherence, and client-centric solutions, the company has built long-term relationships with businesses and individuals nationwide. Its ability to scale operations while maintaining high service standards has positioned JJ TAX as a competitive force in the professional services ecosystem.

Continuing its growth trajectory, Uniqey has recently expanded its service portfolio to include Wealth Management and International Taxation, marking a strategic step beyond the Indian market. After establishing a strong domestic footprint, the company is now gearing up to serve Non-Resident Indians (NRIs) and HNI clients. Backed by an already robust NRI client base, JJ TAX brings hands-on experience in cross-border taxation and global financial requirements, enabling a confident and well-prepared international expansion.

In 2025, Uniqey further strengthened its global vision by showcasing its services across international markets, including Bahrain, Dubai, Africa, and other regions. This global outreach reflects the company’s ambition to become a trusted international business solutions partner while extending the same professionalism, reliability, and technology-led approach beyond Indian borders.

Beyond business growth, Uniqey remains deeply committed to national development and self-reliance. The company proudly co-sponsors and supports the Swadeshi Jagran Cycle Yatra in Bangalore, in association with Sri Paripoorna Sanathana Charitable Trust, aligning with the Hon’ble Prime Minister’s vision of Swadeshi. Through this initiative, Uniqey reinforces its commitment to self-reliance, indigenous enterprise, and local manufacturing—empowering Indian startups, entrepreneurs, and local businesses to grow sustainably within the nation.

As entrepreneurial activity and company registrations continue to rise across India and globally, JJ TAX, through the Uniqey App, stands as a strong foundation for new and expanding businesses—supporting them from incorporation to compliance and beyond. With six years of proven growth, innovation, and trust, the company continues its journey toward sustainable expansion, competitive excellence, and global impact.

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New Delhi [India], December 22: Enord Pvt. Ltd., a pioneering AI-on-Edge drone technology startup, has secured a landmark multi-crore contract from the School of Artillery, Deolali, Nashik, Indian Army, for the supply of Made-in-India Standalone VR Drone Training Simulators. The order has been placed under the Emergency Powers Revenue (EP) 2025 mandate, marking a significant milestone in India’s drive toward Aatmanirbhar Bharat in defence technology.

Under the contract, Enord will deliver 700+ VR drone simulators to Category-A establishments of the Indian Army, spanning 19 units across the country. The deployment will be carried out in three phases, with full completion targeted by Q2 2026, enabling rapid and scalable enhancement of drone training infrastructure.

The simulators are designed to offer high-fidelity, immersive training for military drone operators without reliance on live UAVs. The system supports FPV flying, ISR mission rehearsal, emergency response drills, and complex tactical scenarios, significantly reducing operational risk, cost, and equipment wear while accelerating pilot readiness.

The award follows an extensive evaluation and qualification process, including field trials, detailed performance assessments, and strict country-of-origin compliance checks. These audits underscore the Army’s focus on secure, indigenous supply chains.

Commenting on the achievement, Muhammad Anas, Co-Founder and CEO of Enord, said:
“This contract is a decisive vote of confidence in young Indian entrepreneurs and in indigenous defence technology. It proves that Indian-built systems can meet and exceed the operational expectations of our armed forces. Guided by our vision of ‘Creating Ease,’ we are committed to delivering this project on schedule and building a long-term partnership with the Indian Army.”

Founded on January 29, 2021, Enord emerged from leading incubators across IITs, IIITs, and IIMs. The company focuses on developing intelligent, autonomous drone and simulation systems that go beyond conventional GPS-based navigation. Its proprietary AI Pilot architecture enables real-time perception and decision-making at the edge, allowing systems to operate effectively in GPS-denied and complex environments.

With this order, Enord strengthens its position as a key contributor to India’s indigenous defence ecosystem, advancing self-reliance, skill development, and next-generation military training capabilities.

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