Category: Business

Company to hire hundreds of new employees across healthcare and technology operations

HYDERABAD, India, Feb 16 – Cotiviti India Pvt Ltd (Cotiviti India), a subsidiary of U.S.-based Cotiviti, Inc., a leader in data-driven healthcare solutions, is significantly expanding its presence in India with a new office located in Uppal. The new office will represent Cotiviti’s fifth location in India and feature 900 workstations.

“This state-of-the-art office represents Cotiviti’s continued commitment to expanding in India with employee-centric offices,” said Peter Csapo, chief international and business services officer for Cotiviti. “After expanding several existing offices within the past year, we look forward to extending our presence in the Hyderabad metro area and hiring new team members to fill positions across healthcare, technology, and more.” 

The new Uppal office complements Cotiviti’s long-standing office in the Hi-Tech area of Hyderabad, which currently employs 2,200 Cotiviti team members. The Uppal office will primarily support continued expansion of healthcare payment integrity operations, medical coding, retail operations, software development, global IT support, and clinical policy content development and deployment. 

In May 2024, Cotiviti introduced Cotiviti Prosperiti, a broad-based ownership program to ensure that every team member has a stake in the organization’s collective success, creating a work environment where everyone is motivated to contribute their best. All full-time employees are eligible to participate across all Cotiviti India locations.

In addition to the two Hyderabad offices, Cotiviti India operates in Pune, Mohali, and Coimbatore. Applicants are welcome to learn more about Cotiviti’s culture and benefits and apply for openings at www.cotiviti.com/careers.

As our homes evolve into places where we work, learn, and relax, the quality of our electrical fittings has never been more important. Today, VYNA Electric unveiled its 2026 roadmap, focused on a simple promise: providing Indian families with electrical solutions that are safer, longer-lasting, and designed for real-world use.

Moving away from complicated tech jargons, VYNA Electric is focusing on “Engineered for Life.” By using the 2 decades old expertise of its parent company, SUGS LLOYD Ltd. in power infrastructure, the brand is creating everyday products—like switchgear, lights & modular switches —that are built with the same toughness used in major infrastructure projects, but refined for the modern home.

Reliability You Can Trust

We touch our light switches every single day, yet we rarely think about them until they break. VYNA’s 2026 collection of modular switches & lighting products is designed for a premium feel and ultimate safety.

“We want to create products that people don’t have to replace for decades,” said Sumit Kumar, Business Unit Head and Vice President, VYNA Electric. “Our switches are tested for millions of clicks. When you choose VYNA, you’re choosing the peace of mind that comes with quality parts that are built to last.”

Lighting That’s Easy on the Eyes

Lighting is about more than just brightness; it’s about how a room feels and how it affects your health. For 2026, VYNA is introducing Eye-Comfort Technology across its LED range. These products are designed to:

• Stop the Flicker: High-quality light that reduces eye strain for children studying and adults working from home.
• Stay Cool: Advanced cooling features that prevent bulbs from overheating, making them last much longer.
• Keep it Natural: Lighting that maintains its true color over years of use, keeping your home looking beautiful.

Growing to Serve All of India

VYNA Electric is committed to being there whenever a customer needs support. After a successful start in North and Central India, the brand is expanding its reach to Western and Eastern regions. This expansion isn’t just about selling products; it’s about building a service network that homeowners can rely on for years to come.

Supporting the Experts: Our Electricians

The safety of a home depends on the person installing the wires. VYNA is investing heavily in Electrician Training Programs across the country. By teaching the latest safety standards and installation techniques, VYNA ensures that every home using its products is as safe as it can possibly be.

Looking Ahead

By 2026, VYNA Electric will expand its family of products to include energy-saving fans and other home essentials. The philosophy remains the same: If it carries the VYNA name, it is built to be the most reliable part of your home.

New Delhi, Feb 16: Signature Global Ltd. one of India’s leading real estate development companies, today inked an agreement to form a joint venture with RMZ, a leading developer and asset manager of commercial real estate in India, to develop a mixed-use project comprising office buildings, hotels, and retail spaces on the Southern Peripheral Road in Gurugram.

Under the agreement, Signature Global and RMZ will form a 50:50 joint venture, with RMZ committing an investment of INR 1,283 crore to acquire a 50% equity stake in the project.

As part of the transaction, the Company, Gurugram Commercity Limited (GCL), a wholly owned subsidiary of Signature Global, and Millennia Realtors Private Limited, an RMZ entity, have entered into a Securities Subscription and Purchase Agreement (SSPA). Under the SSPA, RMZ will acquire a 50% equity stake in GCL through a combination of share purchase and share subscription, for an aggregate consideration of up to INR 1,283 crore.

Located on the Southern Peripheral Road, the project will have a Floor Space Index (FSI) of 3.94 million square feet.

The proposed mixed-use development marks Signature Global’s first major foray into large-scale commercial real estate development within its existing land portfolio, underscoring a strategically significant milestone in its portfolio diversification.

The joint venture brings together the strengths of both partners, with Signature Global contributing strong execution and construction capabilities along with deep operational knowledge of the Delhi-NCR market, while RMZ brings its experience in designing, leasing, and managing large commercial and mixed-use developments.

The total capital value of the development upon completion is expected to be in the range of INR 14,000–16,000 crore, positioning the project among the larger mixed-use developments in the region.

Commenting on the development, Mr. Pradeep Aggarwal, Founder & Chairman, Signature Global (India) Ltd., said 

“Today marks an important milestone in Signature Global’s growth journey as we broaden our development portfolio with a large-scale mixed-use project. The Southern Peripheral Road has steadily emerged as a key hub for both residential and commercial development, supported by strong infrastructure and connectivity. This partnership with RMZ brings together complementary strengths and deep domain expertise, enabling us to deliver a high-quality, future-ready development. As our first major commercial development of this scale, the project reflects our commitment to creating long-term value and bringing best-in-class developments to our customers and stakeholders.”

Commenting on the partnership, Manoj Menda, Corporate Chairman, Supervisory Board, RMZ said,

“We are pleased to partner with Signature Global on this significant mixed-use commercial development in Gurugram. The Southern Peripheral Road is rapidly emerging as a preferred commercial corridor, supported by strong occupier demand and improving infrastructure. This project aligns well with RMZ’s focus on developing institutional-grade commercial assets with long-term leasing potential. Signature Global’s execution capabilities and deep understanding of the Delhi-NCR market make them an ideal partner. Together, we aim to create a high-quality, future-ready commercial destination that delivers sustained value for occupiers and investors.”

Gujarat, Feb 16 : Ambuja Cements, the 9th largest building materials solutions provider globally and part of the diversified Adani Portfolio, organised an industrial exposure visit for trainees under Project Udaan from its Skill and Entrepreneurship Development Institute (SEDI) Ambujanagar, aimed at strengthening practical learning and industry readiness.

As part of the programme, trainees from the BPO (Business Process Outsourcing), GDA (General Duty Assistant) and HAT (Hospital Assistant Technician) trades visited key facilities at Ambujanagar, including the Ambuja Cements Plant and the Thermal Power Plant, where they were introduced to operational processes, safety practices and workplace systems.

The exposure visit also included a tour of BCT Muldwarka, offering trainees a broader perspective on industrial logistics and infrastructure. During the visit, officials clearly explained the key aspects of each facility and addressed trainee queries,

Such visits reinforce Ambuja Cements’ commitment to skill development and employability by bridging classroom learning with real-world industrial exposure.

Mumbai, Feb 16: Zee Business reaffirmed its undisputed leadership in business news coverage on Union Budget Day, commanding a 74.2% market share (Source: BARC, Market: North, TG: NCCS ABC Male 22 Years; Period: 01st Feb’26; Time: 0800-1000 hrs; Share Calculated on 2 Channels). The channel’s dominant performance underscores its position as India’s most trusted destination for Budget analysis and market interpretation. Extending this leadership beyond Budget Day, Zee Business continues to remain the No.1 business news channel every day, every week, and every month, reflecting consistent viewer trust and market dominance.

Building on this overwhelming viewer preference and leadership, Zee Business, India’s leading business news channel, successfully hosted its flagship post-Budget thought leadership forum, Budget Samvad 2026, live from the iconic Bombay Stock Exchange. The high-impact session was moderated by Anil Singhvi, Managing Editor, Zee Business, who engaged in discussions with prominent experts including Ramesh Damani, Veteran Investor & Member.

Zee Business’ 74.2% market share on Budget Day highlights the channel’s unmatched credibility, speed, and depth in delivering real-time financial news and analysis. From live decoding of policy announcements to expert-driven interpretation, the channel’s comprehensive coverage resonated strongly with investors and decision-makers across the country. Viewers rely on the channel not only for comprehensive Budget coverage but across every trading day for expert-driven analysis, real-time market intelligence, and sharp editorial judgment that translate complex financial developments into clear, actionable understanding

Commenting on the milestone, Anil Singhvi, Managing Editor, Zee Business, said,

“The 74.2% market share on Budget Day is a reflection of the trust viewers place in Zee Business for credible and timely market insight Budget Samvad 2026 reflects our commitment to going beyond headlines and bringing clarity to complex market narratives.”

Budget Samvad 2026 further consolidates Zee Business’ leadership in economic discourse, offering viewers clarity, context, and conviction as India navigates its post-Budget growth trajectory.

Chennai, Feb 14: Indian Overseas Bank (IOB), one of India’s leading public sector banks, marked its 90th Foundation Day by launching two significant initiatives aimed at strengthening India’s startup ecosystem and deepening financial inclusion in rural communities.

The Bank expanded its dedicated Startup Banking Network and introduced ‘IOB Gram Sweekar’, a focused rural outreach programme. The initiatives were unveiled virtually by Shri M. Nagaraju, Secretary, Department of Financial Services, along with the Bank’s top management.

Building on the success of its first startup-focused branch in Chennai, IOB has now operationalised exclusive Startup Banking branches in Delhi, Mumbai and Bengaluru. 

Since its launch in June 2024, the Chennai startup branch has supported 33 startups operating in emerging sectors such as electric vehicles (EVs), clean energy and robotics, and has handled business exceeding ₹100 crore as of January 31, 2026. 

With expansion into key innovation hubs, the Bank aims to provide tailored financial solutions, advisory support and structured credit access to empower early-stage and growth-oriented enterprises. 

Under the ‘IOB Gram Sweekar’ initiative, the Bank has adopted 90 Gram Panchayats across 14 districts in Tamil Nadu, and Thiruvananthapuram district in Kerala. 

The programme focuses on strengthening credit delivery, enhancing financial literacy and ensuring universal access to the Bank’s flagship financial products and services. Through structured engagement with rural communities, IOB aims to accelerate inclusive growth at the grassroots level. 

Speaking on the occasion, Mr. Ajay Kumar Srivastava, MD & CEO, Indian Overseas Bank, said,

“These initiatives underscore IOB’s future-ready approach, combining technology, outreach and collaboration to serve the evolving needs of citizens, entrepreneurs and communities. The Bank remains committed to innovating and expanding its services to contribute meaningfully to India’s economic progress”. 

As it enters its 10th decade, IOB continues to position itself as a future-ready institution — aligning growth, technology and outreach to support India’s evolving development priorities.

 Mahabalipuram, Feb 14 – Project Management Associates (PMA India), in collaboration with the International Project Management Association (IPMA), officially inaugurated the IPMA Global Project Profession Forum 2026 at the Radisson Blu Resort, Temple Bay, Mahabalipuram.

 The two-day forum, themed “Co-Creating a Global Transformation through Project Management: Embracing AI, Innovation, and Sustainability,” brings together international experts, policymakers, and industry titans to discuss the evolving landscape of global project execution.

 The inaugural session commenced with a traditional prayer and the lighting of the lamp, symbolizing the enlightenment and shared purpose of the global project management community.

 Key Highlights from the Inaugural Session

 The event featured a distinguished lineup of speakers who underscored the critical role of structured project management in achieving national and global goals. Dr. Palanivel Thiaga Rajan, Hon’ble Minister for IT & Digital Services, Govt. of Tamil Nadu, graced the occasion as the Chief Guest. Prof. Dr. Mladen Vukomanovic, President of IPMA, delivered the Inaugural Address, highlighting global trends in the profession. Dr. A. Sivathanu Pillai, Padma Bhushan Awardee, President of PMA India, and Former CEO & MD of BrahMos Aerospace, delivered the welcome address. Mr. N. Ram, Director, The Hindu Group & Former Managing Director, The HIndu participated as Guest of Honour and delivered a special address.

 As a former investment banker and current policymaker, Dr. Palanivel Thiaga Rajan focused on the intersection of governance and execution excellence. He argued that while India is excellent at “envisioning” and policy-making, the primary challenge remains execution. Project management is the bridge needed to close this gap. He emphasized using “100% pure databases” and AI to democratize citizen services. He highlighted that project management principles must be applied to government schemes to ensure “last-mile” delivery. He advocated for a shift from intuitive or political decision-making to evidence-based management, where progress is measured by objective metrics rather than effort alone. He noted that as IT jobs evolve due to AI, the education system must pivot to teach children “how to think and manage” rather than just technical skills that may soon be automated.

 Prof. Dr. Mladen Vukomanovic, President, IPMA provided a global perspective on the evolving role of the project professional. He emphasized that success is no longer just about meeting time, budget, and scope. The focus must shift toward value delivery and the long-term social and economic impact of a project. He promoted the IPMA Individual Competence Baseline (ICB), arguing that “competence” involves a mix of technical skills, behavioral traits (leadership, ethics), and contextual awareness. He called for project managers to be socially responsible, viewing projects as “drivers of sustainable social change” rather than isolated engineering tasks.

Human-Centric Leadership: Despite the rise of AI and automation, he maintained that the “human element”—making ethical calls, managing stakeholders, and gut-feeling decision-making—remains the irreplaceable core of the profession.

 Known for his leadership in the BrahMos missile program, Dr. A. Sivathanu Pillai, President, PMA India focused on Project Management for National Development. He outlined how professional project management is essential for India to reach its goal of becoming a fully developed nation by the centenary of its independence. Drawing from his experience in aerospace and defense, he advocated for the “mission-oriented” management style to tackle grand challenges like climate change, energy security, and space exploration. He emphasized that India must not just manage projects but own the technologies behind them, moving from being a technology follower to a global leader. He highlighted the role of AI, IoT, and Big Data in modernizing project management lifecycles, making them more predictable and efficient.

 Dr. S. Somanath, Former Chairman, Indian Space Research Organisation (ISRO), delivered a keynote address on the profound impact of space missions in fostering a robust national innovation ecosystem. Mr. Roberto Mori, Former Director, Operations & Special Projects, Tenova SpA, and Former President, IPMA, delivered a keynote address focusing on sustainable solutions for the mining and metals industry from a project management perspective.

 Awards and Recognition

 The session concluded with a prestigious ceremony conferring the IPMA Delta Certificate to NLC India Ltd. for organizational excellence. Additionally, the PMA Lifetime Achievement Award 2025 and PMA Honorary Fellowships were presented to individuals who have made monumental contributions to the field.

 The day wrapped up with a Vote of Thanks by Ms. Laura Lasaite, IPMA COO, expressing gratitude to the partners and delegates from around the world.

London, Feb 13: EQONIC Group, the pioneering UK battery technology company developing lithium-free, sodium-free and rare-earth-free battery technology, today announced two significant senior leadership appointments that will strengthen its executive capabilities and governance as it scales up its operations and advance its breakthrough battery technology toward market readiness.

  John Saunders joins as an Executive Director, bringing 30 years of senior leadership across banking, regulation and law. His experience spans acquisitions, new product launches, and leading high-profile business teams, with a strong track record advising boards and senior management. His career includes senior roles at leading institutions including Coutts, Barclays, UBS and Deutsche Bank.

 Angela Knight CBE joins as Non-Executive Director adding significant governance experience and strategic insight to the board. She currently serves on boards spanning high-profile companies, financial services, and listed businesses. Her distinguished career includes serving as Chief Executive of the British Bankers’ Association, Chief Executive of Energy UK, and holding board positions at Taylor Wimpey, Tullett Prebon, Brewin Dolphin, and Arbuthnot Banking Group. She also chaired the Office of Tax Simplification and served on the Transport for London board.

 The appointments come as EQONIC continues to develop its next-generation battery technology that addresses the three critical challenges facing battery and energy storage sector: cost, safety, and sustainability. The company’s proprietary battery technology achieves materials cost savings of c70% compared to lithium batteries.

 Unlike conventional battery technologies that rely on lithium and rare-earth materials, EQONIC’s proprietary composite materials are inherently non-flammable, reducing thermal risk that has effected widespread battery adoption. The technology uses abundant materials with no rare-earth-metals, no lithium and no sodium, addressing critical supply chain vulnerabilities while maintaining complete recyclability.

 John Saunders, Executive Director at EQONIC Group said

 “EQONIC’s breakthrough technology represents a genuine paradigm shift in the battery sector. The combination of cost reduction, enhanced safety, and sustainable materials addresses the fundamental barriers that have constrained the industry. I’m excited to bring my experience to support the company’s growth trajectory as we move toward demonstrating market-ready products and securing strategic partnerships.”

 Angela Knight CBE, Non-Executive Director at EQONIC Group said:

 “EQONIC exemplifies the kind of innovative British technology that can lead global markets. The company’s approach – developing transformative technology first, then building robust commercial frameworks around it, is hugely compelling. Strong governance will be critical as EQONIC scales its business model and establishes partnerships with established OEM’s. I look forward to contributing to the board’s strategic oversight during this pivotal phase.”

 EQONIC’s accelerated R&D roadmap positions the technology to surpass sodium battery performance by 2026, exceed LFP performance by 2027, and achieve industry-leading NMC levels by 2029. The company plans to license its technology and secure collaborations with established OEM’s, reducing substantial capital risk while enabling global deployment across diverse applications and markets.

 Alongside developing its breakthrough technology, EQONIC has established a robust commercial division serving clients across multiple sectors. Demand for the company’s current range of LFP based energy storage systems has resulted in deployment across numerous projects with high-profile clients and a multi-million-pound pipeline.

 Jas Kandola, Founder and CEO of EQONIC Group, said:

 “John and Angela bring exactly the calibre of leadership we need at this critical juncture. John’s regulatory expertise and commercial acumen will be invaluable as we navigate partnerships and licensing arrangements, while Angela’s governance experience across complex, regulated industries will strengthen our board oversight. These appointments reflect our commitment to building a world-class organisation capable of delivering on the enormous potential of our technology.”

 Jas Kandola is an award-winning corporate finance professional turned sustainability entrepreneur, having spent most of his career at Barclays specialising in strategic advice to large corporate and complex markets clients.

 EQONIC’s strategic advisory board already includes Craig Wilson MBE, Non-Executive Director, who brings automotive engineering expertise from Williams Advanced Engineering, Toyota Australia, and TWR Group (Tom Walkinshaw Racing). It also includes Stuart Dyble, Non-Executive Director, with four decades of senior leadership including roles as Ford VP of European Communications and board positions at Aston Martin, Jaguar Land Rover, and Volvo.

Mumbai, Feb 13: Arihant Academy Limited, a leader in the education and training industry, today announced its unaudited consolidated financial results for the quarter and nine months ending December 31, 2025. The company reported a robust performance, with significant growth in both revenue and profit.

For the quarter ended December 31, 2025, the company achieved a total revenue of ₹14.54 Cr., a rise by 43% as compared to Rs. 10.14 Cr. for the same period last year. The Profit After Tax (PAT) for the quarter stood at Rs. 1.81 Cr., registering an increase of 60% as against Rs. 1.13 Cr. in Q3FY25, thereby reflecting strong financial performance driven by solid revenue and effective cost management.

For the nine-month period ended December 31, 2025, Arihant Academy reported a total revenue of Rs. 48.75 Cr., a rise of 50% as compared to Rs. 32.56 Cr. last year. The Profit After Tax (PAT) for the nine months period stood at Rs. 5.70 Cr., an increase of 65% as compared Rs. 3.45 Cr. posted in the same quarter of the previous year. This underscores the company’s continued growth and operational efficiency .

Commenting on the results, Mr. Anil Kapasi, Co-Founder & Managing Director of Arihant Academy, said,

“We are pleased to report a strong performance for the quarter and nine months ended December 31, 2025. Our results reflect the consistent execution of our academic and expansion strategy. Compared to Q3 FY25, the Company has delivered an overall income growth of 43%, demonstrating both scale and sustainability in our operations.

Over the period, Arihant Academy has scaled up significantly. We expanded our footprint by opening 7 new centres (4 in Mumbai & 3 in Rajasthan), strengthening our presence across key micro-markets. Our student base increased by approximately 3,500 students’ year-on-year, which translated into a significant rise in academic capacity. This expansion was supported by disciplined cost management and operational efficiency, resulting in healthy margin performance and strong Profit After Tax growth.

Our performance this quarter reinforces the strength of our hybrid academic model, our brand credibility, and the trust placed in us by students and parents. As we move into the next phase of growth, we remain focused on scalable expansion, academic excellence, and delivering sustained value to all stakeholders.”

Arihant Academy: Arihant Academy Limited is one of Mumbai’s most trusted and established coaching institutions, delivering structured academic excellence for over 27 years. Catering to students from Class 8 to 10 (State Board, ICSE, and CBSE) and offering specialised programs for Class 11 & 12 (Science and Commerce streams), the academy provides a strong academic foundation aligned with board and competitive requirements. The institution offers comprehensive preparation for national and state-level competitive examinations including JEE (Main & Advanced), NEET, MHT-CET, CA, and CS, along with its industry-oriented FinTech Analytics Program conducted in collaboration with NSE Academy. With a robust network of 40+ strategically located centres, a thriving community of 12,000+ students, and a legacy built on result-driven methodologies, Arihant Academy Limited delivers an integrated learning experience. Its structured hybrid model seamlessly blends classroom teaching with academic support tools and performance tracking systems, ensuring consistent progress, clarity of concepts, and measurable outcomes for every student.

New Delhi, Feb 13: Eris Lifesciences Limited a leading Indian branded formulations manufacturing company, today announced its earnings for the quarter and nine months ended December 31, 2025.

Q3 and 9M FY2026 Key Financial Highlights:

· The DBF business reported revenue growth of 10% YoY in Q3 FY26 and 9M FY26

· Consolidated Revenue grew 11% YoY during Q3 and 8.4% YoY 9M FY26

· Consol EBITDA was Rs. 282 Cr in Q3, margin of 34.9% and Rs. 847 Cr with a margin of 35.7% during 9M FY26

· Adjusted PAT was Rs. 120 Cr in Q3 FY26, a PAT margin of 14.9%. For 9M FY26, Adj PAT was Rs. 380 Cr, with a 16.0% margin

· Net debt as of December 30, 2025, stood at Rs. 2,270 Cr

Commenting on the results, Mr. Amit Bakshi, Chairman & Managing Director of Eris Lifesciences Ltd, said,

“I am pleased to share that, as per our expectation, we have reached a 25% share in the RHI cartridges market in Dec-25. Eris now services one in every four Indian patients on RHI cartridges. We are well on track to achieve a dominant position in the overall Insulins market including Glargine and several analogues. We are gearing up for our GLP-1 launch in due course and are also launching Esaxerenone, a potential game changer in hypertension management, thereby strengthening our cardiovascular franchise.”

Krishnakumar Vaidyanathan, Executive Director & Chief Operating Officer added,

“Our core Domestic Branded Formulations business is tracking to deliver a 12% revenue growth in FY26 with a 37% EBIDTA margin. Our capital investments in Injectables, Insulins, MABs and GLP-1 in-sourcing continue in line with our guidance. We have strong visibility on FY27 shaping up as a breakout year for our international business with significant contribution expected from our CDMO clients in regulated markets.”