Category: Business

  • Instant Payouts for Businesses: Empowering Financial Efficiency with Accosis

    Instant Payouts for Businesses: Empowering Financial Efficiency with Accosis

    New Delhi [India], March 27: Accosis, a trailblazer in fintech innovation, is proud to unveil Accosis Payouts, a game-changing solution that enables businesses to make instant payments to vendors, employees, and customers. Designed to optimize financial operations, Accosis Payouts empowers businesses with real-time transactions, high success rates, and automated reconciliation, enhancing overall financial efficiency.

    Whether it’s vendor payments, customer refunds, salary disbursements, or loan payouts, Accosis Payouts offers a versatile platform that supports multiple payment methods, including bank transfers, UPI, and digital wallets—ensuring seamless access and ease of use across industries.

    One of the standout features of Accosis Payouts is its seamless API integration, which automates bulk transactions, eliminating the need for manual intervention. With instant payouts and faster processing times, businesses can significantly improve cash flow management. Real-time tracking and analytics also offer enhanced control, allowing businesses to monitor their finances effortlessly.

    As India’s digital economy accelerates, Accosis recognizes the increasing demand for instant payout solutions. “Timely payments are crucial for business success,” said a company representative. “With Accosis Payouts, we’re transforming financial transactions by making them faster, safer, and more efficient.”

    With built-in safeguards, such as advanced security protocols and end-to-end encryptionAccosis Payouts ensures that transactions are protected and reliable, minimizing payment failures and automating reconciliation for accurate fund settlements.

    The launch of Accosis Payouts is a significant step in transforming digital payments in India. As Accosis continues to expand its fintech solutions, it aims to revolutionize business transactions—making payouts smarter, faster, and more secure. Be part of this innovation—Sign up today and experience seamless payouts!

    Disclaimer: The article is for general information purposes only. The website holds no responsibility for the content written on the website as a basis for making any business, legal, or any other decision. Any reliance placed on such material is at your own risk.

  • AM/NS India Commissions First Dedicated Scrap Processing Facility

    AM/NS India Commissions First Dedicated Scrap Processing Facility

    Mumbai (Maharashtra) [India], March 27: ArcelorMittal Nippon Steel India (AM/NS India) has commissioned its first scrap processing facility at its Khopoli manufacturing site in Maharashtra, with an annual capacity of 120 kilo tonnes per annum (KTPA). The Khopoli unit is the first of four scrap processing units being developed by AM/NS India nationally as part of a ₹350 crore investment programme to meet the growing demand for high-quality scrap for its steel production and strengthen domestic scrap supply chains.

    India’s scrap supply chain is currently highly fragmented, with materials passing through multiple intermediaries – from local scrap collectors to scrapyards – before reaching the consumption points. This complex process inflates costs, diminishes material quality and adds little value across the chain. By processing scrap at its own facilities, AM/NS India is enhancing material quality and yield while reducing conversion and logistics costs, all while formalising the scrap industry.

    The commissioning of the Khopoli unit and the larger rollout follows a successful pilot project to process scrap at scale, important to meet the rising demand for recycled steels across AM/NS India’s wide customer base, including automotive manufacturers and ship fleet operators.

    Government initiatives such as the Vehicle Scrappage Policy (2021), Extended Producer Responsibility (EPR) norms – set to take effect in April 2025 – and the Green Steel Taxonomy are also expected to boost domestic scrap availability. AM/NS India’s growing scrap processing capacity will support national efforts to strengthen domestic scrap availability and supply chain efficiency.

    Akshaya Gujral, Executive Director of Downstream Operations at ArcelorMittal Nippon Steel India (AM/NS India)said, “India aims to increase the share of scrap metal in steel production to 50% by 2047. The steel sector has an important role in developing the infrastructure and ecosystem to support this ambition. Our Khopoli unit, and others that will come on stream this year, will support the formalisation of the domestic scrap industry, service growing customer demand for recycled steels, and contribute to India’s sustainability goals.”

    As part of a decarbonisation roadmap set out in its inaugural Climate Action Report in 2024, AM/NS India aims to increase scrap mix in steelmaking capacity to over 10% by 2030 (from 3-5% today). The company is strategically integrating high-quality scrap into its production, with 65% of its existing steelmaking capacity operating on the gas-based Direct Reduced Iron (DRI) – Electric Arc Furnace (EAF) route, a process particularly well-suited for utilising processed scrap.

    ABOUT ARCELORMITTAL NIPPON STEEL INDIA (AM/NS India):

    ArcelorMittal Nippon Steel India (AM/NS India) is a joint venture between ArcelorMittal and Nippon Steel, two of the world’s leading steel manufacturing organisations. A leading integrated flat carbon steel producer in India, the company has a crude steel capacity of 9 million tonnes per annum with state-of-the-art downstream facilities. It produces a fully diversified range of flat steel products, including value-added steel, and has a pellet capacity of 20 million tonnes.

    Follow Us: www.amns.in | Facebook: @AMNSIndia | Twitter: @AMNSIndia | LinkedIn: @amnsindia

  • ED Times honoured with Emerging Youth Media Startup 2025 at ET Now Business Conclave and Awards 2025

    ED Times honoured with Emerging Youth Media Startup 2025 at ET Now Business Conclave and Awards 2025

    New Delhi [India], March 25: ED Times was recently honoured with the Emerging Youth Media Startup 2025 award by ET Now (Times Group).

    The award was presented to the co-founder of ED Times, Mrs. Juhi Garg Godha by the guest of honour at the event, Lieutenant General K. T. Parnaik the Governor of Arunachal Pradesh and Rohit Chadda, President and COO Times Network.

    The ETNOW(.)in Business Conclave & Awards 2025, organized by Times Network Digital as part of the Rise with India initiative, recognized industry leaders and innovators who are shaping the future of India’s economy.

    First founded as Economy Decoded by a college going Dhairya Kumar as a way to simplify the otherwise boring and mechanical economy to the young millennial readers in a fun and entertaining way, it grew and rebranded to ED Times under the leadership of Mrs. Juhi Garg.

    Currently clocking in about a million dedicated readers monthly, the Google News funded publication has grown to this stage completely organically. A testament to the proverb: slow and steady wins the race.

    Ranked among the Top 10 Youth Media worldwide for the third consecutive year, ED Times is the leading platform for in-depth news that resonates with Millennials and Gen-Z. It’s the go-to space where Indian youth engage with and share their opinions on the stories and news that matter to them.

    The company is committed to producing responsible news content while striving to transform the reading habits of young India. All the writers of the media publication are certified in the digital journalism course by Reuters & Facebook Journalism Project.

    Previously, ED Times was also very proud to have been selected for Google News Initiative’s first cohort of Startup Labs India and awarded the BEST BLOG at India Digital Summit Awards 2019 by IAMAI & Times Now.

    Through its co-founder, ED Times is a member of the World Economic Forum’s Global Council on Media & Entertainment (2020-21-22), with a focus on promoting emerging new-media ventures from India.

    The ETNOW(.)in Business Conclave & Awards 2025 united visionary leaders, policymakers, and industry experts to explore India’s transformative growth journey. The discussions centered on harnessing data-driven insights, strategic planning, and innovative solutions to foster inclusive economic development in pursuit of India in 2030. The event was also a platform that honoured game-changers who have shaped a better future through their intelligence, hard work, groundbreaking achievements, and determination.

  • Accuspace Expands Footprint in Delhi-NCR, Acquires 30,000 Sq. Ft. Grade A Office on NH8, Gurugram

    Accuspace Expands Footprint in Delhi-NCR, Acquires 30,000 Sq. Ft. Grade A Office on NH8, Gurugram

    New Delhi [India], March 27: Jaipur-based commercial real estate firm AccuSpace, through one of its SPVs (special purpose vehicle), has entered the Delhi-NCR market with the acquisition of a 30,000 sq. ft. Grade A office space from a Singapore-based fund on NH8 in Gurugram. This move is part of the company’s broader expansion strategy as it establishes a presence in Tier-1 cities beyond its home market in Rajasthan.

    AccuSpace’s newly acquired space is strategically located along the NH8 corridor, a prime business district that hosts leading corporations, including Google and Air India’s North India HQ. The property has already attracted marquee tenants, including a leading automaker and an international retail brand, further solidifying AccuSpace’s standing in the commercial real estate leasing sector. With an AAA-rated tenant portfolio and long-term lock-in agreements, AccuSpace strengthens its position and credibility with banking and financial institutions.

    Mr. Mukesh Choudhary, Managing Director of AccuSpace, shared his perspective on the acquisition: “This is a milestone moment for AccuSpace. Entering Delhi-NCR with an asset of this calibre aligns with our vision of expanding into high-growth markets. Partnering with esteemed tenants of global standing validates our commitment to delivering world-class commercial real estate solutions. This acquisition sets the stage for our continued growth in Tier-1 markets.”

    Strategically positioned on NH8, one of the most prominent business corridors in the region, the newly acquired space offers unparalleled connectivity, premium infrastructure, and access to a high-value corporate ecosystem. The company specializes in investment-grade commercial real estate, including built-to-suit (BTS) developments, premium office spaces, and high-quality warehousing solutions. Its latest foray into Delhi-NCR signals strong future growth as it solidifies its presence in India’s most dynamic real estate markets.

    The real estate market in Delhi-NCR continues to witness strong demand for premium office spaces. With this acquisition, AccuSpace expands its asset base while contributing to the region’s evolving commercial real estate landscape, offering state-of-the-art infrastructure to global and domestic enterprises.

    About AccuSpace

    AccuSpace is a leading commercial real estate firm specializing in premium office spaces, built-to-suit (BTS) facilities, and state-of-the-art warehouses. 100% occupancy, it serves many blue-chip tenants across Jaipur, Delhi-NCR. A group company of BSM Developers, AccuSpace is committed to innovation, sustainability, and strategic expansion into high-growth markets.

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  • TrucksUp Joins Hands with HDFC Bank to Empower Truck Owners

    TrucksUp Joins Hands with HDFC Bank to Empower Truck Owners

    New Delhi [India], March 26: Gurugram-based FTL aggregator platform TrucksUp has partnered with HDFC Bank, one of India’s leading financiers, to offer a comprehensive range of financing solutions for truck owners. This collaboration will enable customers to avail loans for new trucks, used trucks, and refinancing options, all at competitive interest rates and flexible EMI structures.

    Through this partnership, TrucksUp will support customers by streamlining the loan process, handling documentation, and ensuring hassle-free loan disbursement. This initiative is a significant step towards improving financial accessibility and reducing turnaround time (TAT) for truck buyers.

    TrucksHub: A Transparent Marketplace for Used Trucks

    As part Trucksup’s initiative, TrucksHub, the industry’s premier marketplace for used trucks, offers a structured and transparent buying and selling experience in India’s highly fragmented used truck market. Customers can request financing based on their budget and loan requirements, making the platform a one-stop destination for purchasing, selling, and exchanging trucks.

    Commenting on the partnership, Mr. Sarthak Elwadhi, Co-founder, TrucksUp, stated

    “Our partnership with HDFC Bank is aimed at helping truck owners, small fleet operators, and drivers secure loans with ease. Since purchasing a truck is a major investment, access to finance is crucial. TrucksUp simplifies this by connecting customers with top financial partners, offering attractive interest rates and convenient loan options.”

    Driving Financial Inclusion & Business Growth

    The TrucksUp-HDFC Bank collaboration aligns with TrucksUp’s vision of transforming the trucking industry by helping drivers progress towards truck ownership, echoing the platform’s philosophy of “Chaalak se Malik”. With HDFC Bank’s financial expertise and TrucksUp’s vast network, this partnership will empower truck owners, optimize operational efficiency, and enhance financial inclusion across India.

    By integrating vehicle selection and financing on a single platform, TrucksUp simplifies the truck-buying journey, offering a seamless experience for customers seeking hassle-free loans and ownership solutions. With HDFC Bank’s extensive reach, this initiative ensures enhanced accessibility, helping truck owners scale their businesses with ease.

    Mr. Wahid Raza, Business Head – VAS, TrucksUp, emphasized the platform’s commitment to digital accessibility and efficiency, saying:

    “With an easy digital loan application process, we are significantly reducing turnaround time (TAT) and ensuring seamless financing solutions for our customers. This will help truck buyers secure funding faster and more efficiently, allowing them to focus on business growth

    Strengthening India’s Logistics Sector & Supporting NLP

    TrucksUp’s vision aligns with the National Logistics Policy (NLP), which focuses on building a technology-driven, cost-effective logistics ecosystem. Through structured financing solutions, transparent vehicle transactions, and digital loan processing, TrucksUp is actively contributing to NLP’s objectives:

    Reducing Logistics Costs – Helping truck owners purchase vehicles efficiently, optimizing fleet utilization, and lowering operational expenses.
    Enhancing Digital Integration – A seamless digital-first loan application process ensures easy and fast financing.
    Improving Supply Chain Efficiency – By connecting truck owners with trusted financiers like HDFC Bank, TrucksUp enables smoother vehicle acquisition, reducing delivery delays and enhancing overall logistics efficiency.

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  • Tasva, the Indian Menswear Brand, Launches Its Flagship Store in Pune with Bollywood Actor Vijay Varma

    Tasva, the Indian Menswear Brand, Launches Its Flagship Store in Pune with Bollywood Actor Vijay Varma

    New Delhi [India], March 24: Tasva, the wedding wear brand for the modern Indian man, launched by ABFRL in collaboration with ace couturier Tarun Tahiliani – has unveiled its spectacular flagship store in the heart of Pune. Spanning 2400 sq ft in the prestigious MG Road area, the new store reinforces Tasva’s commitment to delivering luxury and elegance through meticulously crafted garments and a unique shopping experience.

    The grand opening was graced by Bollywood celebrity, Vijay Varma, alongside Mr Ashish Mukul, Brand Head, Tasva. More than just a retail space, the Pune store is an experience. Designed to resonate with the evolving tastes of India’s cosmopolitan man. With its blend of heritage-inspired aesthetics and contemporary sophistication, the store reflects Tasva’s vision of redefining modern Indian menswear.

    The store showcases Tasva’s festive collection featuring stunning kurta sets and bundis, with vibrant screen prints and modern silhouettes adding a fresh twist to traditional attire. Meanwhile, the wedding collection offers luxurious sherwanis, achkans, indo-western and bandhgalas, crafted from opulent fabrics and detailed with intricate embroidery work. 

    “We wanted our flagship store in Pune to embody the essence of Tasva – a seamless blend of style, tradition, and craftsmanship,” said Ashish Mukul, Brand Head, Tasva. “Every detail, from the store design to the layout, has been meticulously curated to create a smooth and immersive shopping journey, offering our clients a unique Tasva experience.” With highly trained stylists offering personalized advice and assistance, the Pune store ensures an unmatched retail experience.

    Renowned designer Tarun Tahiliani, the creative force behind Tasva, shared his thoughts on the launch: “At Tasva, we have reimagined Indian menswear with a superior fit that rivals the precision of Western tailoring, seamlessly infused into traditional attire. Every garment is meticulously crafted to provide a sharp, refined silhouette while ensuring effortless movement and comfort. Indian wear has long been associated with grandeur, but we believe it should also offer impeccable ease—so men can celebrate their special moments with confidence and grace. Pune has always appreciated fine craftsmanship, and we are excited to bring Tasva’s signature sophistication to the city”

    Expressing his excitement about the launch, Vijay Varma said, “I have spent two incredible years as a college student in Pune, and being here for this launch feels like a full-circle moment.” Sharing his personal experience with Tasva, he added, “I’ve worn Tasva multiple times, and what truly stands out to me is how effortlessly light and comfortable the garments are, without compromising on elegance. That’s exactly what’s needed for weddings and special occasions—something that looks regal yet feels easy to wear. Pune has always been a city that appreciates great craftsmanship, and I’m excited to present Tasva to the people here.”

    With a growing presence in major cities across India, Tasva continues to set new benchmarks in premium ethnic menswear, offering garments that celebrate tradition, craftsmanship, and modern sophistication. Whether it’s a wedding or a special occasion—special days deserve a Tasva!

    Store Address: – Tasva, Near Vasupujya Swami Maharaj Temple, 658 Sachapir Street, MG Road, Camp, Pune, Maharashtra 411001

    Timings: 11:00am – 9:00 daily 

    Also, available on www.tasva.com

    About Tasva  

    Tasva, a wedding and occasion wear brand for the modern Indian man, is a brand launched by ABFRL in collaboration with ace couturier Tarun Tahiliani. Tasva is dedicated to offering classy and comfortable Indian wear. With a strong emphasis on craftsmanship and contemporary style, Tasva is redefining Indian wear for the modern man. The brand offers an extensive range of kurtas, kurta bundi sets, sherwanis, Indo-western outfits, footwear, and accessories. The brand’s exquisite products are available at exclusive Tasva stores across India and online at www.Tasva.com   

    About Aditya Birla Fashion and Retail Limited  

    ABFRL is part of a leading Indian conglomerate, The Aditya Birla Group. With revenue of Rs. 13,996 Cr. spanning retail space of 11.9 million sq. ft. (as on March 31, 2024), it is India’s first billion-dollar pure-play fashion powerhouse with an elegant bouquet of leading fashion brands and retail formats.   

    The Company has a network of 4,664 stores across approximately 37,205 multi-brand outlets with 9,563 point of sales in department stores across India (as on 31st March 2024).   

    It has a repertoire of India’s largest brands in Louis Philippe, Van Heusen, Allen Solly and Peter England, established over 25 years. Pantaloons is one of India’s leading fashion retailers.   

    Company’s international Brands portfolio includes – The Collective, Amongst India’s largest multi-brand retailers of international brands and has long term exclusive partnerships with select brands such as Ralph Lauren, Hackett London, Ted Baker, Fred Perry, Forever 21, American Eagle, Reebok, Simon Carter and Galeries Lafayette.   

    The Company’s foray into branded ethnic wear business includes brands such as Jaypore, Tasva & Marigold Lane. The company has strategic partnerships with Designers ‘Shantanu & Nikhil’, ‘Tarun Tahiliani’, ‘Sabyasachi’ and ‘House of Masaba’.   

    In addition, to cater to the needs of digitally native consumers, ABFRL is building a portfolio of Digital-first brands under its technology led ‘House of D2C Brands’ venture TMRW. TMRW is on a path to building a portfolio of Digital First brands in partnership with founders of emerging brands in the E-Commerce market.   

    The Company in Sept 2023 completed the acquisition of 51% stake in TCNS Clothing Co. Ltd. TCNS is India’s leading women’s branded ethnic apparel company that designs, markets and retails portfolio of women’s branded apparel across brands W, Aurelia, Wishful, Elleven & Folksong.

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  • Ultracab secures order to supply LT PVC cables to Adani Electricity, Mumbai

    Ultracab secures order to supply LT PVC cables to Adani Electricity, Mumbai

    Rajkot (Gujarat) [India], March 26: Ultracab (India) Limited (BSE: 538706), a leading manufacturer and exporter of electric wires and cables based in Gujarat, has won an order worth Rs. 9.70 crore from Adani Electricity Mumbai Limited. The order is for the supply of LT PVC cables of various sizes and will be completed by March next year.

    Commenting on the order, Nitesh Vaghasiya, Chairman & Managing Director of Ultracab (India) Limited, said, “This significant order from Adani Electricity Mumbai underscores our strong market presence and the trust of clients in our high-quality products. We are committed to completing the order on time and are confident that it will contribute positively to our revenue and profitability in the coming periods.”

    Key Highlights:

    • Ultracab secures Rs. 9.70 crore order from Adani Electricity Mumbai for the supply of LT PVC cables.
    • The order will be completed by March next year and contributes to Ultracab’s strong market presence.
    • This follows recent orders worth Rs. 10.23 crore from Western Railway, Jain Irrigation Systems, and others.
    • Ultracab, founded in 2007, manufactures electric wires and cables for domestic, industrial, solar, and elevator applications.
    • The company’s manufacturing facility is located in Shapar, Rajkot, with products sold globally, including the US, UK, UAE, and more.
    • Notable clients include the Tata Group, Jindal Group, Vedanta Group, and various public sector undertakings.
    • Ultracab reported a 159.5% increase in revenue to Rs. 57.24 crore in Q3 FY 2024-25, with profit up by 64.6% to Rs. 2.70 crore.

    The order comes just days after Ultracab won orders totalling Rs. 10.23 crore from Western Railway, Jain Irrigation Systems, Jindal Stainless, Jindal Coke, Jindal Ferrous, and GK Energy Marketers for the supply of LT XLPE/PVC Cables. These orders are expected to be completed before September 2025.

    Founded in 2007, Ultracab is a Rajkot-based manufacturer and exporter of high-quality electric wires and cables, serving domestic, industrial, solar and elevator applications. The company leverages advanced technology and rigorous quality control to ensure superior products. Its diverse portfolio includes domestic cables (house wires, PVC/XLPE power cables), international cables (auto cables, welding cables), and specialised cables (super flat, elevator and solar cables).

    It has a state-of-the-art manufacturing facility at Shapar in Rajkot. In addition to India, the company’s products are also sold in the US, the UK, UAE, Africa, Singapore, South Korea, Vietnam, Belgium, Uganda, etc.

    Ultracab’s clients also include the Tata Group, Jindal Group, Vedanta Group, and various public sector undertakings such as the Indian Railways, Engineers India, Power Grid Corporation, SAIL, Bharat Petroleum, Mangalore Refinery and Petroleum, Nuclear Power Corporation of India Limited, Bharat Heavy Electricals Limited, and more.

    A part of the Adani Group, Adani Electricity is Mumbai’s leading power distribution utility company, serving over 12 million consumers in Mumbai and its suburbs with a distribution network spanning over 400 sq km.

    Ultracab recently reported robust numbers for the third quarter of the financial year 2024-25. Its revenue was up by 159.5% to Rs. 57.24 crore in the December 2024 quarter as against Rs. 22.05 crore in the same quarter of the previous year. Profit for the quarter was Rs. 2.70 crore, an increase of 64.6% over Rs. 1.64 crore in the same quarter last year.

    About Ultracab (India) Limited

    Founded in 2007 and based in Rajkot, Gujarat, Ultracab (India) Limited is a leading manufacturer and exporter of electric wires and cables. The company offers a diverse range of products, including domestic, international, and specialized cables for industries such as domestic, industrial, solar, and elevator applications. With a state-of-the-art facility in Rajkot, Ultracab serves global markets, including the US, UK, UAE, and more. It counts major clients like the Tata Group, Jindal Group, and public sector organizations like Indian Railways and Bharat Heavy Electricals. Ultracab is committed to high-quality products and innovation in cable manufacturing.

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