Category: Business

Hafele Re-Ach Digital Lock

New Delhi [India], November 18: As a leader in intelligent interior and access solutions, Hafele continues to strengthen its presence in the digital security space with advanced products tailored to meet the needs of both residential and hospitality environments. Through its RE-Ach Digital Lock and Prolock PL200 Access Control System, Hafele combines technology, functionality, and design precision to deliver seamless and secure living experiences.

For Residences

Gone are the days of fumbling with a stack of keys or worrying about misplacing them. The RE-Ach Digital Lock from Hafele brings effortless, keyless convenience to modern homes. Designed to integrate seamlessly onto your main door, it combines robust security features with contemporary aesthetics, creating the perfect balance between safety and style. Encased in Rich Antique Copper and Black Matt finishes, the RE-Ach Digital Lock provides exceptional functionality and elevated aesthetics. Engineered with advanced access options and intuitive controls, the RE-Ach lock ensures homeowners enjoy both peace of mind and an enhanced living experience.

For Hospitality

Tailored to meet the demands of hotels and commercial spaces, Hafele’s Prolock PL200 Access Control System offers a comprehensive and efficient solution for managing multiple access points. Equipped with smart technology, user-friendly operation, and durable design, the PL200 ensures secure, contactless entry for guests while streamlining control for property managers. Its sleek, modern appearance aligns with premium hospitality environments, making it the ideal choice for establishments seeking to elevate both security and guest convenience.

With the RE-Ach and Prolock PL200, Hafele once again proves its leadership in intelligent access solutions, transforming everyday living into an experience of effortless security and sophisticated design.

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 synergised 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 nationwide 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.

Log onto hafeleindia.com/en/info 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

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Profin Gola Profiles for Sleek

New Delhi [India], November 18: As urban living evolves, open kitchens are transforming into the heart of modern homes, spaces that blend functionality with design continuity. Reflecting this shift, Hafele’s Profin Gola Profiles bring the elegance of seamless, handle-less cabinetry to contemporary kitchens, enabling clean, uninterrupted surfaces that enhance both style and space.

Crafted with Hafele’s advanced manufacturing technology and meticulous precision, the Profin Gola Profiles allow effortless integration of drawers and cabinets, creating a sleek and minimal look that aligns perfectly with modern design trends. Hafele’s innovative fastening system ensures easy installation and perfect alignment, offering both efficiency and aesthetic finesse.

Available in six contemporary finishes: Silver, Graphite, Gold, Rose Gold, Dark Bronze, and Matt Black, Hafele’s Profin Gola Profiles adapt beautifully to diverse interior palettes. Whether blending subtly with muted tones or standing out as metallic highlights, these profiles bring a distinctive sophistication to every kitchen.

With the Profin range, Hafele continues to elevate everyday living through intelligent, design-led solutions that merge functionality with refined aesthetics, transforming kitchens into truly seamless extensions of modern living spaces.

Log onto hafeleindia.com/en/info 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 synergised 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 nationwide 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.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.

New Delhi [India], November 18: The Ministry of Social Justice & Empowerment, Government of India, through the National Backward Classes Finance and Development Corporation (NBCFDC), is organizing the Bharat TULIP – Seller Buyer Meet on 20^th November 2025 at Dr. Ambedkar International Centre, New Delhi, from 11:00 AM to 2:00 PM. The event aims to create a platform for artisans to engage with buyers from retail, export, e-commerce, home décor, lifestyle and gifting sectors.

Bharat TULIP (Traditional Artisans’ Upliftment Livelihood Program) is an initiative by the Ministry of Social Justice & Empowerment. Launched on 5^th November 2024, Bharat TULIP is a transformative platform designed to empower marginalized artisans by integrating them into the global digital economy, while celebrating India’s rich craft traditions. The Bharat TULIP platform is enabling artisans to transform India’s traditional crafts from Local to Global, fully aligned with the national resolve of Vocal for Local and the mission of empowering grassroots entrepreneurship.

Since its launch, TULIP has enabled structured support for artisans from marginalized communities by strengthening their market readiness and expanding economic opportunities on e-commerce platforms. The initiative has also empowered artisans to participate in exhibitions, trade fairs, and other sales channels, thereby enhancing their visibility and enabling sustainable revenue generation—an essential step towards realizing the vision of a Viksit Bharat.

The program will feature:

• Curated product showcases from multiple states
• Live craft demonstrations
• Sector-wise B2B interactions and business matchmaking
• Trade facilitation desks for buyers and sourcing partners
• Thematic showcase zones covering textiles, home & living, folk arts, natural materials, and handmade products

About NBCFDC

National Backward Classes Finance & Development Corporation (NBCFDC) is a Govt. of India Undertaking under the aegis of Ministry of Social Justice and Empowerment. The Corporation was incorporated under Section 25 of the Companies Act 1956 on 13th January 1992.The objective of the Corporation is to promote economic and developmental activities for the benefit of Backward Classes and to assist the poorer section of these classes in skill development and self-employment ventures. NBCFDC provides financial assistance through State Channelizing Agencies (SCAs) nominated by the State Governments/UTs and Banks (PSBs & RRBs).

Website: https://nbcfdc.gov.in/

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Pune (Maharashtra) [India], November 18: Capitalizing on India’s accelerating financial growth story, Bajaj Finserv Asset Management Limited announced the launch of its Banking and Financial Services Fund, an open-ended equity scheme investing in Banking and Financial services sector. The New Fund Offer (NFO) opens for subscription on 10^th November 2025 and closes on 24^th November 2025. The fund is benchmarked against the NIFTY Financial Services TRI.

• An open ended equity scheme investing in Banking and Financial Services sector
• The fund will invest in 45–60 stocks shortlisted from a 180-200 megatrends universe of the Banking, NBFC, Insurance, Capital market intermediary, and asset management companies

India’s Banking and Financial services (BFSI) sector is transforming at an unprecedented pace, expanding well beyond traditional banking to include NBFCs, insurers, AMCs, capital markets, and cutting-edge fintechs. Over the past two decades, the sector’s market capitalization has skyrocketed nearly 50X^#, powered by rapid digitization, rising credit penetration, financial inclusion, and bold regulatory reforms. Today, the sector stands at the heart of India’s economic momentum, offering investors a gateway to participate in the country’s financial transformation and long-term wealth creation story.

Built on Bajaj Finserv Mutual Funds’ Megatrends strategy, the fund aims to capture opportunities from India’s evolving financial ecosystem through a diversified portfolio spanning banks, NBFCs, insurers, AMCs, and other capital market participants. It will invest in 45–60* stocks shortlisted from a ~180-200-stock Megatrends universe aligned with long-term structural trends.

Backed by megatrends such as UPI adoption, digital lending, Jan Dhan initiatives, and rising participation across NBFCs, mutual funds, and insurance, this scheme is designed for long-term investors with a higher risk appetite seeking wealth creation through focused exposure to the BFSI sector.

Ganesh Mohan, Managing Director, Bajaj Finserv Asset Management Limited, said, “As India marches toward Viksit Bharat and becomes a Top 3 economy globally, the financial services sector will play a significant role in enabling this growth. India’s increasing affluence and aspirations will drive significant growth across different financial services like lending, insurance, investments, payments and capital market products. BFSI will increasingly be central to India’s growth & will attract both domestic and foreign pools of capital as the economy expands. We believe this gives investors a great opportunity to participate in this megatrend through a dedicated thematic fund which will identify opportunities across the entire financial services spectrum and look to benefit from the future growth in these sectors.”

Nimesh Chandan, CIO, Bajaj Finserv Asset Management Limited, said, “Our investment approach for the Bajaj Finserv Banking and Financial Services Fund is anchored in rigorous research and disciplined stock selection. The fund will invest in 45–60 curated companies from a universe of 180-200 megatrends powered companies, across banking, NBFC, insurance, capital market intermediary, and asset management segments, ensuring both breadth and depth of exposure. While the sector offers multiple growth avenues, we believe superior outcomes are achieved by identifying businesses with sustainable competitive advantages, prudent capital allocation, and strong governance. By focusing on quality and maintaining a long-term orientation, we aim to deliver consistent risk-adjusted returns while giving investors access to the most compelling opportunities within India’s evolving BFSI landscape.”

The equity portion of the fund is managed by Mr. Nimesh Chandan (CIO) and Mr. Sorbh Gupta (Head- Equity), while its debt investments are managed by Mr. Siddharth Chaudhary (Head- Fixed Income). The minimum application amount is ₹500 (Plus multiples of Re.1), with a minimum additional application of ₹100 (Plus multiples of Re.1). An exit load of 1% is applicable if the investment is redeemed within three months of the date of the allotment. The fund offers both Growth and IDCW (Income Distribution cum Capital Withdrawal) options.

*The portfolio count is indicative, and actual number will depend on market conditions at the time of making investment.

Source: ^#As mentioned in the fund scheme deck

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

#The above product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investments are made.

*Investors should consult their financial advisers if in doubt about whether the product is suitable for them

About Bajaj Finserv Asset Management Limited

Bajaj Finserv Asset Management Limited (BFAML) is a 100% subsidiary of Bajaj Finserv Limited. Backed by one of India’s most respected brands, BFAML is set to offer an array of innovative investment solutions using a differentiated approach to investing, including but not limited to, mutual funds (equity, debt, hybrid), portfolio management services and alternative investment funds, subject to regulatory approval. With a future-focused investment strategy, it aims to help every Indian achieve life’s financial goals.

To know more, visit www.bajajamc.com

Bengaluru (Karnataka) [India], November 18: Star Engineers India Pvt. Ltd. and ConnectM Technology Solutions Pvt. Ltd. have announced the formation of a new joint venture, StarConnectM LLP, established to design, develop, manufacture, and scale intelligent connected vehicle products for Automotive OEMs, with a roadmap toward broader mobility platforms.

In today’s rapidly transforming automotive landscape, where software-defined vehicles (SDVs) and connected architectures are reshaping how OEMs design and deliver mobility, StarConnectM brings together the best of both worlds: Star Engineers’ large-scale manufacturing excellence, process reliability, and quality assurance and ConnectM’s Smart Vehicle Electronics & Intelligent Mobility Solutions

This strategic alliance creates an integrated capability that few in the industry possess, combining the ability to innovate at the speed of software with the scale and reliability of mature automotive production systems.

StarConnectM LLP marks a milestone in our journey toward intelligent mobility,” said Mr. Divya Ramraika, Managing Director, Star Engineers. “With ConnectM’s technology and Star’s manufacturing strength, we are creating scalable, reliable, and connected solutions that redefine the end-user experience.

Mr. Girish Subramanya, Managing Director of ConnectM, added, “This joint venture eliminates the traditional gap between innovation and manufacturing. Automotive OEMs today need partners who can deliver technology architectures for connected, software-defined vehicles and also scale them seamlessly into production. StarConnectM stands exactly at that intersection, creating an ecosystem where technology and manufacturing co-exist as one integrated value chain.”

Key Highlights of the Joint Venture

• Entity: StarConnectM LLP
• Partners: Star Engineers India Pvt. Ltd. and ConnectM Technology Solutions Pvt. Ltd.
• Focus: Intelligent connected vehicle products, including connected vehicle architecture, software-defined vehicle platforms, and next-generation mobility electronics
• Operations: Manufacturing excellence and quality systems by Star Engineers; technology innovation, software, and cloud enablement by ConnectM
• Core Strength: A rare combination of large-scale, high-quality production and deep technology innovation that delivers a unified solution for OEMs seeking reliable, connected, and intelligent products
• Value Proposition: End-to-end capability for Automotive OEMs from concept to production, integrating IoT intelligence, embedded electronics & software, and scalable manufacturing within one cohesive ecosystem
• Territory: India (initially) with a roadmap for select global market expansion

About Star Engineers

Star Engineers India Pvt. Ltd. is a leading manufacturer of advanced automotive electronic systems, supplying global OEMs with products such as controllers, sensors, chargers, and clusters. Backed by decades of manufacturing excellence, process discipline, and strong quality systems, Star Engineers delivers scalable production aligned with global standards for safety, reliability, and performance.

About ConnectM Technology Solutions

ConnectM Technology Solutions Pvt. Ltd. is a technology company specializing in smart Mobility Solutions that include but not limited to Vehicle Control Units, Instrument Clusters, IoT, telematics, and vehicle intelligence software. Its expertise spans connected vehicle architecture, software-defined vehicles, embedded systems, and cloud analytics, enabling OEMs and enterprises to build intelligent, data-driven mobility products. ConnectM’s platforms empower customers to accelerate their transition toward smarter, connected, and software-centric vehicles.

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New Delhi [India], November 18: At the intersection of last-mile delivery and banking efficiency stands Smartbox, a company best known for building India’s largest network of self service smart lockers. While most eyes are fixed on what’s happening inside banking apps, Smartbox is solving a different challenge altogether, how to deliver physical documents like cheque books, debit cards, and welcome kits without friction, delay, or dependence on branch timings.

Their latest deployment? A full-scale rollout of an intelligent self-service locker system that allows customers to collect their important documents 24/7, without queues, paperwork, or home delivery hiccups. One of India’s top private sector banks is already using this to transform its branch operations, quietly setting a new benchmark for customer experience in the banking sector.

The Forgotten Friction of Physical Deliveries

Even in a country surging ahead with UPI and neobanking, banks still rely on physical documents for key customer interactions. But handing over a debit card shouldn’t take a half-day off from work. This is where self service smart locker solution enters the picture, replacing manual handovers with automated, secure, and always-available lockers. Once a document is ready, the customer gets an OTP or QR code via SMS. They walk up to the nearest smart locker solution , verify with the code, and collect their item, often in under 30 seconds.

It sounds simple, and that’s precisely the point.

From Branch Queue to Self-Service Culture

For the banking partner, this wasn’t just a tech upgrade. It was a strategic shift in how physical touchpoints are managed. Branch staff, previously bogged down by non-banking tasks, could now focus on customer relationship management. At the same time, customers were freed from the tyranny of 10-to-4 banking windows. Smartbox’s lockers, which are now deployed in high-traffic branches, are offering the kind of flexibility modern consumers demand.

Customers have been vocal in their appreciation.

One reviewer shared, “24-hour available pickup spot-  even easier than an ATM to use. Simply enter your mobile number and OTP, and your box opens up.”

Another called it “super convenient… the best use of technology, great initiative”

Others described the experience as “really seamless and tech-savvy, almost like being in the UAE.”

Beyond Banking: The Rise of Smart Locker Infrastructure

Founded with a vision to modernize last-mile logistics, Smartbox has steadily become India’s go-to partner for smart locker infrastructure. While its early traction came from e-commerce click-and-collect services, its growing relevance in sectors like BFSI, healthcare, and enterprise IT shows just how versatile its model has become.

With thousands of lockers across metros, Tier 2 cities, and high-security zones, the company offers a modular, API-enabled platform that fits into any ecosystem, whether that’s a public bank, a government department, or a hospital.

“Smart locker systems are no longer a luxury,” says Vineet Sawhney, Founder of Smartbox Lockers. “They are an operational enabler, especially in high-volume service industries where reliability and traceability matter.”

Why the Smart Locker Solution Model Works

• 24/7 Availability: Customers can access documents at their convenience, not just during branch hours.

• Contactless and Fast: No staff involvement, no forms, just an OTP and a locker.

• Digitized Audit Trails: Every pickup is logged in real time for compliance.

• Reduced Workload on Staff: Non-core tasks are offloaded, improving overall service quality.

In the case of the prominent Indian bank, the outcomes were evident – shorter queues, quicker resolutions, and enhanced customer satisfaction, all delivered without compromising trust or causing any security breach.

Redefining Trust Through Simplicity

What’s most striking about Smartbox’s rise is its low-key, high-impact model. While many startups chase visibility, Smartbox is quietly embedding itself into the workflows of major institutions, delivering outcomes without fanfare. Their lockers don’t shout disruption. They whisper efficiency, one click, one code, one collection at a time. As more banks look for ways to blend physical and digital operations, the model might just become the industry standard. And Smartbox? It’s already a few steps ahead, building the physical backbone for India’s next digital leap.

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Pune (Maharashtra) [India], November 18:Supreme Facility Management Limited (NSE – SFML), one of the leading players in the facility management sector, has announced its Unaudited Financial Results for H1 FY26.

H1 FY26 Consolidated Key Financial Highlights

• Total Income of ₹ 231.04 Cr, HoH growth of 13.97%
• EBITDA of ₹ 19.92 Cr, HoH growth of 12.73%
• EBITDA Margin (%) of 8.62%, HoH change of -10 BPS
• Net Profit of ₹ 4.43 Cr, HoH growth of 40.63%
• Net Profit Margin (%) of 1.92%, HoH growth of 36 BPS
• EPS of ₹ 1.79, HoH growth of 14.74%

H1 FY26 Standalone Key Financial Highlights

• Total Income of ₹ 197.36 Cr, HoH growth of 16.58%
• EBITDA of ₹ 18.63 Cr, HoH growth of 13.37%
• EBITDA Margin (%) of 9.44%, HoH change of -27 BPS
• Net Profit of ₹ 3.76 Cr, HoH growth of 35.00%
• Net Profit Margin (%) of 1.90%, HoH growth of 26 BPS
• EPS of ₹ 1.51, HoH growth of 9.42%

H1 FY26 Consolidated Highlights:

• Segment-wise Revenue Breakdown:
• Integrated Facility Management: ₹169.23 Cr, contributing 73.46% of revenue.
• Employee Transportation: ₹55.09 Cr, contributing 23.92% of revenue.
• Production Support Services: ₹6.04 Cr, contributing 2.62% of revenue.

Commenting on the Performance Amol Shingate, CEO of Supreme Facility Management Limited, said, “H1 FY26 has been an encouraging period for us, supported by strong client confidence and the continued shift toward integrated outsourcing across industries. Our diversified presence in automotive, engineering, IT/ITeS, FMCG and logistics, along with our ability to deliver IFM, transportation, supply chain, production support and food services under a single platform, helped us maintain solid traction through the first half.

We strengthened our presence across key Western markets while expanding into fast-growing clusters in the North and South. Our acquisitions in food services, production support and transportation are now well integrated, and the IPO proceeds give us the flexibility to accelerate both organic growth and selective inorganic opportunities.

Looking ahead, our growth roadmap is clear. We are targeting a 23–25% CAGR in revenue over the medium term and aiming to double our topline in the next three to four years through a balanced approach of organic expansion and strategic acquisitions. Margin enhancement remains a central priority — we are working on improving EBITDA through cost efficiency, value-added services and an optimized service mix, with a goal of achieving around a 100-basis-point improvement in the medium term. As scale builds, we expect operating leverage and our margin-accretive business segments to further strengthen profitability.

We are also deepening the use of advanced technology platforms and data-driven operations to enhance service reliability and accelerate market penetration. With increasing acceptance of our integrated model, we see meaningful scope to grow wallet share through cross-selling and bundled offerings across existing large clients.

With a strong pipeline, steady sectoral demand and a clear strategic direction, we believe we are well positioned to sustain this momentum and deliver consistent, profitable growth in the periods ahead.”

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