Category: Business

Surat (Gujarat) [India], November 25: Concept Medical Group, a global leader in advanced drug-delivery technologies and minimally invasive medical devices, has once again been certified as a Great Place To Work® for the period November 2025 to November 2026, marking its second consecutive year of achieving one of the world’s most respected workplace culture recognitions.

This back-to-back certification reflects the Group’s unwavering commitment to fostering a workplace built on trust, safety, fairness, pride, and camaraderie, as demonstrated by exceptionally high employee sentiment scores across multiple parameters.

A Culture Validated by Its People

According to the 2025 Great Place to Work® Trust Index Survey, Concept Medical recorded remarkable scores, including:

• 99% employees feel CMG is a physically safe & great place to work.
• 99% say special events are always celebrated here.
• 97% felt genuinely welcomed when they joined the organisation.
• 96% are proud to tell others they work at CMG.
• 96% believe the organisation’s advanced facilities create an uplifting work environment.
• Source: GPTW Results Report, Nov 2025

These results validate the organisation’s continuous efforts to build an environment where people feel respected, valued, and empowered, irrespective of role, department, or location.

A Culture Built on Care, Innovation & Shared Purpose

Across its manufacturing facilities, corporate offices, R&D centres, and global operations, Concept Medical emphasises a culture rooted in innovation, inclusion, employee well-being, and transparent leadership. Celebrations, recognition programs, sports events, onboarding excellence, emotional support, and state-of-the-art facilities collectively shape the daily employee experience.

Leadership Statement

Parth Doshi, Executive Director, Concept Medical Group, said, “To be recognised as a Great Place To Work® for the second year in a row is more than an achievement; it is an emotional milestone for all of us. What makes this special is that it comes directly from our people and their lived experience. At Concept Medical, we believe that culture is not built by policies or posters; it is built every day through consistent actions, fairness, integrity, and the belief that everyone here matters. This recognition strengthens our commitment to creating a workplace where people feel safe, welcomed, respected, and inspired to contribute to innovations that save lives across the world.”

A Leading Employer in Global MedTech

With this consecutive certification, Concept Medical Group reinforces its reputation as one of the leading employers in the MedTech sector. This organisation balances purpose with passion, innovation with empathy, and high performance with people-first values.

About Concept Medical Group

Concept Medical Group is a globally recognised innovator in medical technology, specialising in advanced drug-delivery systems that redefine cardiovascular and vascular care. Through Envision Scientific, home to one of the world’s largest integrated facilities for Drug-Eluting Stents (DES) and Drug-Coated Balloons (DCB), the Group delivers cutting-edge research, proprietary technologies, and world-class manufacturing. With a strong focus on quality, clinical evidence, and patient outcomes, Concept Medical continues to shape the future of minimally invasive therapies worldwide.

About Great Place To Work®

Great Place To Work® is the global authority on workplace culture, employee experience, and leadership behaviours that drive innovation and business performance. Its Trust Index Survey and For All Model benchmark employee experience across 150+ countries, recognising organisations that excel in fostering positive, inclusive, and high-trust workplaces.

Mumbai (Maharashtra) [India], November 24: After recently acquiring 38 lakh shares worth around ₹71 Cr in Karnataka Bank, ace investor and entrepreneur Aditya Kumar Halwasiya has followed up by buying an additional 45 Lakh shares worth ₹90 Cr on 24 November, reinforcing the view that this is a serious, strategic entry into the private sector lender.

Market participants point out that Halwasiya has a track record of unlocking substantial value in companies where he takes a meaningful ownership stake along with an active board role. His involvement in past investments has coincided with focused execution, sharper capital allocation and sustained wealth creation.

The fresh round of buying is being read as a strong vote of confidence in Karnataka Bank’s ongoing turnaround and growth plan, which includes balance sheet strengthening, technology upgrades and an increased focus on profitability and governance. The follow-up purchase signals a sizeable commitment and alignment with the bank’s medium-to long-term trajectory.

With this step-up in ownership, investor attention is now likely to shift to the deep value unlocking potential in Karnataka Bank, which still trades at 0.63 times its book value, compared with around 1.25 times P/B for RBL Bank.

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

Mumbai (Maharashtra) [India], November 22: Cancelled flights, sudden illness or a misplaced passport can unravel a journey in minutes. Indian travellers heading to Europe or the United States can reduce avoidable risk by arranging travel insurance online before finalising their tickets and visa applications. The right policy aligns with entry rules, reflects likely medical costs and offers a clear route to assistance abroad.

This article explains how to select a cover, compare options sensibly and prepare the documents needed for smooth Schengen and USA trips.

Schengen and the USA: What To Know

Schengen missions usually require a certificate covering the entire stay, listing the relevant countries and confirming round-the-clock assistance. The USA does not require a policy for visitors, yet treatment can be expensive, so adequate medical limits are sensible.

Buying through international travel insurance online portals allows applicants to download certificates quickly and keep digital copies ready for visa interviews or airline checks.

Selecting a Suitable Sum Insured

The sum insured should mirror destination costs, itinerary length and traveller profile. A family holiday with older relatives may favour higher medical limits and defined evacuation terms, whereas a short work trip could focus on delay and baggage benefits.

An online travel insurance policy India sets out medical, evacuation, repatriation and liability sections. Choose figures that are realistic for the route and cities involved, rather than the largest brochure numbers.

Benefits that Matter for International Trips

For most itineraries, the essential features are emergency treatment, hospitalisation, evacuation, repatriation, personal accident, liability and protection for baggage or passports. It helps to understand how the assistance line operates, whether cashless admission is possible and how outpatient bills are managed.

Exclusions You Should Review

Every policy has circumstances it will not cover. Common examples include undeclared pre-existing conditions, adventure activities outside stated limits, alcohol-related incidents and treatment at unapproved facilities.

Sub-limits may apply to outpatient care, dental work and electronics, so a high medical ceiling can still leave gaps. Clarify these points before you buy travel insurance online.

Single-Trip or Multi-Trip: Which Fits

If travel is occasional, single-trip policies tied to ticketed dates are straightforward. Frequent flyers may prefer annual multi-trip plans because they remove repeated purchases, although each journey will have a maximum duration.

Family and student variants exist with distinct eligibility rules. When reviewing travel insurance online India, check how dependants are defined, how extensions are processed and whether medical screening is required for senior citizens.

How to Compare Plans Without Confusion

Begin with a short shortlist that matches destination, trip length and traveller ages. Compare like-for-like on medical limits, deductibles, baggage terms and delay thresholds. Assistance partners, claim turnaround and hospital networks near the first arrival city often matter more than a small premium gap.

Claims and Assistance Abroad

Keep policy documents, helpline numbers, boarding passes, and receipts accessible. If treatment is needed, contact the assistance line promptly and follow the steps provided. Hospitals may ask for identification and the certificate before arranging cashless care.

Travellers who arrange cover through international travel insurance online portals can usually retrieve approval emails and claim references in their inbox, which speeds up form submission once back in India.

Documents and Proof for Visa Files

The certificate should show the full travel period, the territories covered and the assistance contact. Keeping copies of bookings, passports and medical notes in the same folder reduces back-and-forth during reviews.

An online travel insurance policy in India typically includes a detailed wording booklet, and it is sensible to store that file alongside the certificate for easy reference.

Travellers who obtain documents through travel insurance online platforms can also download duplicate certificates if travel dates shift.

Conclusion

Before departure, match policy start and end times with flight schedules, especially late-night departures, and confirm every country on the route is covered. Share copies with a travelling partner and save an offline set on your phone.

If two products still look alike, choose by practicalities: nearby network hospitals, clear claim steps and sensible deductibles. Keep travel insurance online India papers handy and ensure the wording mirrors the itinerary, so travel insurance online remains routine, not a last-minute scramble.

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Mumbai (Maharashtra) [India], November 25: Karnika Industries Limited (NSE: KARNIKA), one of the leading manufacturers and traders of ready-made garments for children, announced its Unaudited Financial Results for the Quarter and Half Year ended September 30, 2025 (Q2 & H1 FY26), as approved by the Board of Directors.

Key Financial Highlights – H1 FY2025-26

Particulars	H1 FY26	H1 FY25	% Chg YoY
Total Income (₹ Lakhs)	10,404.55	9,852.72	↑ 5.60%
EBITDA (₹ Lakhs)	2,046.48	1,643.67	↑ 24.51%
EBITDA Margin (%)	19.67%	16.68%	↑ 299 bps
Net Profit (₹ Lakhs)	1,246.44	1,034.63	↑ 20.47%
Net Profit Margin (%)	11.98%	10.50%	↑ 148 bps

Key Financial Highlights – Q2 FY2025-26

Particulars	Q2 FY26	Q2 FY25	% Chg YoY
Total Income (₹ Lakhs)	6,983.77	7,225.14	-3.34%
EBITDA (₹ Lakhs)	1,455.68	1,121.55	↑ 29.79%
EBITDA Margin (%)	20.84%	15.52%	↑ 532 bps
Net Profit (₹ Lakhs)	938.88	725.82	↑ 29.35%
Net Profit Margin (%)	13.44%	10.05%	↑ 340 bps

Management’s comment:

“This has been a steady and profitable quarter for the Company. Despite a marginal dip in topline, we improved our margins significantly, driven by better product mix, tighter cost controls, and rising share of higher-value children’s apparel. Our Q2 EBITDA grew nearly 30% YoY while Net Profit rose 29% YoY, reflecting strong operational efficiency.

FY26 continues to be a year of positive developments for us. We secured multiple sizable orders across India, expanded our presence in key children’s wear clusters, and strengthened engagement with our long-standing customer base that contributes over 90% of revenues. With increasing demand for quality kids garments and our asset-light, job-work-led manufacturing approach, we are well positioned for sustainable growth.

We remain focused on expanding production capabilities, deepening our design-driven offerings, and enhancing brand presence across domestic and export markets.”

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Jabalpur (Madhya Pradesh) [India], November 25: Happy Square Outsourcing Services Limited (NSE: WHITEFORCE), a leading workforce solutions and outsourcing services company, announced its Standalone Un-Audited Financial Results for the half year ended September 30, 2025, as approved by the Board of Directors.

Key Financial Highlights (Consolidated) – H1 FY2026

Particulars	H1 FY2026
Revenue from Operations	₹ 43.33 Crore
EBITDA	₹ 2.76 Crore
EBITDA Margin	15.69%
Profit After Tax (PAT)	₹ 1.77 Crore
PAT Margin	4.08%
EPS	₹ 1.53

Operational & Strategic Highlights

• Industry-leading 60-hour TAT enabling rapid, PAN-India fulfilment.
• Strong digital ecosystem with 10,000+ active jobs and 100,000+ monthly visitors.
• Expanding high-margin RPO services driven by tech-enabled execution.
• Ongoing geographical expansion supported by GeM participation and multi-state presence.
• Serves 300+ corporate clients with large-scale, multi-location staffing needs.
• Uses a tech-enabled recruitment engine for faster, more accurate hiring.

Ms. Shraddha Rajpal, Promoter’s Comments:

The Company delivered a steady performance in H1 FY26, with core operations showing consistent traction. We continue to strengthen our tech-led recruitment engine and expand our presence across key markets, supported by increasing engagement on our digital hiring platform.

With a healthy pipeline and improving demand visibility, we anticipate a stronger second half. Our expanding talent base and growing client portfolio position us to scale rapidly across new sectors and geographies while sustaining long-term, profitable growth.

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From Building Skylines to Crafting Experiences: Setu Group Director Expands Design Ethos into Strategic Hospitality and Indulgence

Udaipur (Rajasthan) [India], November 25: For two decades, Harnil Shah’s career has been defined by engineering precision and visionary design as he guided the Setu Group—a 40-year legacy brand—in shaping Gujarat’s real estate landscape. Now, the Director of Business Development is leveraging that same expertise to forge a bold new path, proving that the principles of excellence, expertise, and elegance can transcend traditional industry boundaries.

A New Philosophy of Place and Purpose

Shah’s new venture, the Barmer Wines and Gogunda Whisky estate near the serene lake of Madarda village in Udaipur, is not merely a diversification; it’s a strategic reinterpretation of the Setu Group’s design-forward ethos. The project is conceived as a masterclass in experiential living, where architecture, nature, and hospitality blend seamlessly.

“Environments should be crafted with intention,” is the unspoken philosophy behind the estate. Just as Shah championed nature-integrated designs like the celebrated Ananya Villas in Gandhinagar, the Udaipur project is rooted in its locale. Every element—from the spatial layout of the retreat to the promise of fine dining and luxury villas—is shaped to foster tranquillity, indulgence, and a deep connection to place.

Translating Design into New Destinations

This new direction showcases Shah’s entrepreneurial agility and his ability to apply a high-level design language to entirely new business models.

Architectural Innovation Meets Hospitality: The estate will eventually introduce luxury villas for extended stays, complete with curated experiences. This marks a strategic transition from designing structures that shelter to designing destinations that inspire and immerse.

Rooted Identity: The venture establishes a refined yet deeply regional identity. While the initial wine vintages are sourced from Nashik, the ultimate plan to cultivate on-site vineyards (including a unique pomegranate wine) and develop Gogunda Whisky draws direct inspiration from Rajasthan’s cultural richness and unique terroir.

Building Beyond Bricks: By focusing on the sensory journey and the refined identity established through branding and label design, Shah is moving beyond the traditional brick-and-mortar industry. He is building a legacy not of static structures, but of curated, high-end experiences designed for connoisseurs and discerning travellers.

Barmer Wines and Gogunda Whisky are therefore more than just new ventures; they represent the next chapter in a design language that Harnil Shah has helped shape—one that consistently prioritises thoughtfulness, authenticity, and a dynamic dialogue with its surroundings, regardless of the industry.

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Chennai (Tamil Nadu) [India], November 25: Airfloa Rail Technology Limited (BSE – AIRFLOA | 544516 | INE0XBS01012), a leading manufacturer of railway rolling stock components and turnkey interior solutions, a leading manufacturer of railway rolling stock components and turnkey interior solutions, today announced a strategic Joint Venture (JV) with Big Bang Boom Solutions Private Limited (BBBS), one of India’s most innovative defence technology companies specializing in Electronic Warfare, AI-based Autonomous Systems, and Material Science.

This Joint Venture marks a significant step in Airfloa’s diversification into high-growth, high-value defence manufacturing, creating a powerful combination of Airfloa’s engineering and production strength with BBBS’s cutting-edge defence technology and intellectual property.

Key Highlights of the JV

• Joint Venture equity structure:
  • Airfloa Rail Technology Ltd – 51% (Strategic Partner)
  • BBBS – 49% (Technology Partner)

• Purpose of the JV: To create an exclusive manufacturing platform for BBBS’s under-development and future defence-tech programs within India.

• Manufacturing Scope Includes:
  • Electronic Warfare systems, including Directed Energy Weapons
  • AI-driven autonomous defence solutions
  • High-precision components
  • Advanced materials and nanotechnology products
  • Defence-grade system integration and testing

Strategic Rationale

The JV positions both companies firmly within India’s growing defence manufacturing landscape by combining BBBS’s indigenous technologies with Airfloa’s established production capabilities. It enables faster industrialisation of defence products, strengthens export potential, and opens opportunities in high-growth areas such as UAVs, Electronic Warfare, and advanced materials. This partnership is expected to enhance long-term growth visibility, improve margins, and elevate Airfloa’s presence in the defence sector.

Commenting on the development, Mr Manikandan Dakshnamoorthy, Joint Managing Director, said: “This Joint Venture represents an important step forward for Airfloa. By combining our established manufacturing strength with BBBS’s deep-tech IP, we are creating a world-class platform capable of delivering next-generation defence systems from India. The JV positions us well in a sector that offers high growth, strong value creation, and favourable policy tailwinds. We are confident that this partnership will expand our addressable market, deepen our technology, and drive long-term, sustainable growth for the Company. Alongside this, we continue to execute large, high-impact projects in fast-growing sectors such as railways, defence, and aerospace in India, where our diversification strategy further strengthens our long-term sustainability and growth resilience.”

Mr Dr. R. Shivaraman, CTO & Co-Founder of Big Bang Boom Solutions, added: “We are delighted to partner with Airfloa in establishing this Joint Venture. Their proven engineering and manufacturing capabilities perfectly complement our deep-tech defence innovations. This collaboration enables us to industrialise our technologies at scale and accelerate deployment across India’s defence ecosystem. Together, we aim to build a strong innovation-to-production pipeline, expand our presence in high-potential global markets, and contribute meaningfully to India’s vision for advanced, self-reliant defence manufacturing.”

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