Category: Business

Bengaluru, Mar 05: Maintaining its position as the network carrier operating the highest number of flights in Europe, Turkish Airlines sustained its steady growth throughout 2025 despite geopolitical tensions and economic uncertainties caused by trade wars, as well as aircraft delivery and engine supply issues in the aviation industry.  Despite production bottlenecks, our Company expanded its fleet by 5% year over year to 516 aircraft by the end of 2025 and welcomed the “second 500” period with 92.6 million passengers and 2.2 million tons of cargo, recording the highest operational results in its history.

In 2025, our Company’s total revenues increased by 6.3% year over year to 24.1 billion USD supported by the strong contribution from the passenger operations.  Passenger revenues increased by 7.4%, driven by favorable demand in international and premium segments. The decline in cargo unit yields stemming from the slowdown in global trade volumes and the adverse effects of tariffs was offset by a 16.6% increase in cargo volume, resulting in 3.4 billion USD of cargo revenue.  Under ongoing inflation driven cost pressures and engine issues, our Company’s 2025 Profit from Main Operations was recorded at 2.2 billion USD.

Commenting on 2025 third quarter results, Turkish Airlines Chairman of the Board and the Executive Committee, Prof. Ahmet Bolat stated: “Despite an exceptionally challenging and unpredictable operating environment, the financial success we achieved in 2025 once again showed our ability to adapt to rapidly changing commercial and geopolitical conditions thanks to our diversified revenue structure.  In line with our long-term value creation objectives, the investments we implemented and the commercial partnerships we established throughout 2025 served as milestones that further expanded our global reach and contributed to our Company’s continued progress toward its Centennial vision.”

In 2025, EBITDAR, indicating the Company’s operational cash generation capacity, was recorded at 5.7 billion USD, while the EBITDAR margin exceeded the mid-point target set at the beginning of the year, reaching 23.7%. As the strong performance in late 2025 continued in the early months of 2026, the 2026 EBITDAR margin is projected to be in the 22–24% range, in line with the Company’s long-term target.

Concluding 2025 with successful results, Turkish Airlines continues to lead the industry with its unparalleled flight network, modern fleet, superior service and strong performance. In the coming years, our contribution to the sustainable growth of the aviation sector will continue to increase in line with our Centennial Strategy and our country’s development objectives.

Sale hailed as major sign of confidence in city’s real estate market and security in UAE

 

Dubai, UAE, March 5:  A luxury apartment in Dubai has been sold off-plan for AED422 million, and the deal has been hailed as powerful sign of confidence in the city’s real estate market, and security in the UAE. 

The sale yesterday of the 31,201 sq ft apartment at Aman Residences Dubai on the Jumeirah Peninsula, has been confirmed by fäm Properties.

Data from DXBinteract, the data platform developed by the company in partnership with Dubai Land Department, said the transaction put the value at AED 13,525 per sq ft.

Firas Al Msaddi, CEO of fäm Properties, said: “The sale of an ultra-luxury villa at this level is particularly relevant in the current circumstances. It underlines the fact that the Dubai real estate market is structurally stronger than it has ever been.

“Over 70% of transactions are now end-user driven, not speculative. The buyer base is globally diversified. Mortgage activity has doubled in four years.

“The regulatory environment has matured. The UBS Global Real Estate Bubble Index rates Dubai moderate risk, while cities like Miami and Tokyo sit in the high-risk zone. The fundamentals haven’t changed overnight because of regional events.

“And of course, the enormous lengths that the UAE authorities have gone to in order to keep everyone who lives and works here safe at all times, sends out the strongest possible message to investors.

“That has long been the case, and the effect of all this is highlighted by an apartment being sold for AED422 million in the current climate, at a time when the eyes of the world are on Dubai, and the Gulf region.

“It’s a sale which says so much about the UAE as a whole, and in this case in particular, about Dubai as one of the world’s leading destinations for wealthy real estate investors.

“While headlines elsewhere paint one picture of the UAE, the reality for those of us living and working here is completely different.”

New Delhi, Mar 05:  In a significant boost to India’s emerging film talent, IFFD CineXchange, the official industry platform of the International Film Festival Delhi 2026, is accepting entries and submissions for its inaugural edition, with the final deadline now extended.

Following an enthusiastic response from filmmakers across India and overseas, organisers have extended the submission deadlines, giving creators a final opportunity to be part of one of the festival’s most ambitious industry initiatives.

As India’s content economy expands across cinema, OTT (over-the-top media services), and digital storytelling, the International Film Festival Delhi 2026 is positioning CineXchange as a launchpad for the next generation of creators. By bringing together mentors, producers, financiers, and distributors under one roof, the festival is offering young filmmakers and emerging content creators not just visibility but also meaningful pathways to funding, collaboration, and global reach.

Designed as a dynamic marketplace within IFFD 2026, CineXchange aims to establish direct connections between storytellers, producers, mentors, distributors, and collaborators. The platform aims to move projects forward from script to screen by offering structured mentorship, co-production opportunities, and industry visibility.

Rough Cuts | Post-Production Stage

The call is for feature films (60 minutes or longer) that are at early to intermediate stages of editing. This curated initiative offers structured mentorship and feedback sessions with accomplished industry professionals, allowing filmmakers to evaluate creative choices and refine their films before final completion.

Deadline: 10 March 2026

Viewing Room | Completed & Near-Completion Projects

This programme is designed for films that are either completed or in post-production and are seeking festival, distribution, or financing opportunities.

The Viewing Room will provide ten dedicated terminals accessible to accredited industry professionals, including festival directors, distributors and gap financiers looking for new stories across formats and genres.

Deadline: 10 March 2026

Pitch Your Idea

The platform offers a curated pitching opportunity for writers and filmmakers to showcase their original ideas for films and web shows to producers, investors, OTT platforms, and industry professionals.

Selected participants will present their story concept, characters and creative vision through structured pitching sessions.

Deadline: 10 March 2026

Script Workshop

An intensive, curated workshop designed for aspiring and emerging filmmakers who want to understand both the craft and business of screenwriting.

Featuring sessions by leading industry professionals from film and OTT platforms, the workshop focuses on narrative structure, character development and practical industry insights that shape powerful screenplays.

Deadline: 10 March 2026

Delegate Registration Now Open

Industry professionals who wish to attend CineXchange as delegates, including producers, distributors, festival programmers, investors, commissioning editors, studio representatives and media professionals, are invited to register through the official portal.

Accredited delegates will gain access to curated networking sessions, pitch forums, panel discussions and structured industry meetings designed to facilitate meaningful collaboration.

All programmes and applications are open.

With IFFD 2026 set to transform Delhi into a dynamic cinematic and industry hub, CineXchange stands at the centre of its professional engagement strategy. For filmmakers, writers, and industry stakeholders who are ready to build partnerships and take projects forward, now is the time to participate.

Mumbai, Mar 05: DEE Development Engineers Limited, has announced that its material subsidiary DEE Piping Systems (Thailand) Co., Ltd. has received a Letter of Intent (LOI) from an international customer for the prefabrication and supply of piping and supports for a Taiwan-based project.

The LOI is valued at approximately €1.9 million (around ?20 crore). While the name of the customer cannot be disclosed due to commercial considerations, the project relates to the supply and prefabrication of piping materials associated with Heat Recovery Steam Generator (HRSG) systems, a critical component in modern combined-cycle power plants.

Under the terms of the engagement, the Thailand subsidiary will undertake the prefabrication and supply of HRSG piping and related supports for the Taiwan project, with execution scheduled to be completed by May 2027.

This mandate further strengthens DEE’s export execution pipeline through its Thailand manufacturing platform, which plays a key role in servicing international customers across the power and energy infrastructure sectors.

Commenting on the development, Mr. K. L. Bansal, Chairman and Managing Director, DEE Development Engineers Limited, said:

“This LOI further reinforces the growing role of our Thailand subsidiary in servicing international customers and executing technically demanding piping projects. The mandate reflects continued confidence in DEE’s engineering capabilities, manufacturing standards, and delivery reliability for complex energy infrastructure programs.

As global investments in high-efficiency power generation and energy infrastructure continue to expand, we remain focused on strengthening our international presence and building long-term partnerships with global OEMs and project developers.”

This international LOI follows a series of significant wins during the current quarter, including the previously announced Letter of Intent exceeding USD 40 million for international HRSG piping supply across 16 units from a leading U.S.-headquartered OEM, as well as domestic and Thailand subsidiary orders aggregating to over ?170 crore across fabrication, HRSG piping, and fittings. Together, these mandates reflect sustained traction across both domestic and export markets and reinforce DEE Development Engineers’ positioning as a trusted manufacturing partner for large-scale energy infrastructure projects.

London, Mar 05: Six Senses London has officially opened at The Whiteley on Bayswater’s Queensway, marking the brand’s first urban sanctuary in the UK. Blending wellness, sustainability, and emotional hospitality with British craftsmanship, the hotel promises a distinct rhythm for the city and a holistic experience for guests.

Located steps from Hyde Park and Notting Hill, Six Senses London features 109 rooms and suites, many with private terraces, alongside 14 branded residences. The crowning Whiteley Suite offers a 125-square-metre roof terrace and the option of a private floor. Interiors by AvroKO, in collaboration with EPR Architects, honour the building’s Grade II listed Art Deco façade, while a restored grand staircase, rebuilt by Foster + Partners, connects three floors beneath a glass-domed ceiling.

Nick Yarnell, General Manager, Six Senses London, said:

“Six Senses London is designed to embrace guests from the moment they arrive—warm, genuine, and instinctive, yet precise. We honour British heritage while creating a hotel deeply connected to its community.”

Wellness, Stillness, and Urban Reconnection

The Six Senses Spa London, spanning 2,300 square metres, integrates movement, stillness, and recovery with 13 wellness spaces, six treatment rooms, and London’s first hotel magnesium pool. Facilities include a 20-metre indoor pool, a 325-square-metre fitness centre, yoga and mindful movement studios, cryotherapy, flotation, red-light therapies, a traditional hammam, and a sensory suite.

The Biohack Recovery Lounge offers advanced recovery tools such as PEMF therapy, sound loungers, compression boots, and inversion tables. Six Senses London also houses a Wellness Centre for private consultations and advanced functional screenings, and partners with HUM2N, a longevity clinic, offering diagnostics, IV nutrient therapy, hormone optimisation, and a hyperbaric chamber.

British Craft and Culinary Innovation

Six Senses London integrates wellness into every aspect of the guest journey, including its culinary offerings. Whiteley’s Kitchen, Bar, and Café feature vegetable-forward menus, fire-led cooking techniques, and a dedicated fermentation lab. Cocktails at the bar prioritize ingredient integrity, while the wine programme champions British producers and terroir-driven selections. The Alchemy Bar, led by Charlotte Pulver, allows guests to create tinctures and tonics from locally foraged herbs used across the hotel.

Six Senses Place: The World’s First Urban Wellness Club

Above the lobby, the Six Senses Place members’ club extends wellness and reconnection into an urban context. Programming follows the seasonal Almanac, offering talks, shared meals, and reflective practices aimed at personal growth and restorative experiences.

Sustainability and Community Impact

Six Senses London operates as part of a BREEAM-certified redevelopment of The Whiteley, employing over 300 staff, eliminating single-use plastics, harvesting rainwater, and installing 1,150 square metres of green roof space to enhance biodiversity. A portion of revenue supports local environmental and social initiatives through the Regenerative Impact Fund.

Jonas Field 

Amsterdam, Mar 5: PPDS, the exclusive global provider of Philips Professional Displays and complementary solutions, is excited to announce the appointment of sought-after AV professional, Jonas Field, to lead its next wave of growth in the Norwegian market.

Accepting the role of Country Sales Manager for Philips Professional Displays, Jonas brings more than 10 years of hands on, top tier AV/IT knowledge and experience, and is a highly regarded and commercially driven industry professional. Throughout his career, he has built strong relationships across the channel, including distributors, integrators, consultants, and end customers.

Based in Oslo, and reporting to Roeland Scholten, PPDS Sales Director for Benelux and Nordics, Jonas will take ownership of the commercial strategy for Philips Professional Displays in Norway. His focus will include expanding distributor partnerships, increasing brand visibility within the channel, supporting partners with targeted go to market initiatives, and driving market share growth across key verticals.

Total market solutions 

Jonas joins PPDS as the AV market in Norway continues to flourish, with rising demand for high quality AV solutions in markets such as corporate, education, and entertainment due to a growing need for video conferencing, digital signage, and live event production, including LED.

PPDS has maintained an upward trajectory in the country – and the Nordics region – in recent years, with sales of Philips digital signage, ePaper, interactive displays, and dvLED surpassing expectations, while Philips hotel TVs continue to be firmly established as a brand of choice for the hospitality industry. Sister brand, AOC, was also recently named as Norway’s market leader for home and office monitors.

Jonas will work closely with the full AV channel, including distributors, system integrators, AV/IT teams, designers/architects, among others, to identify new market and project opportunities, ensuring PPDS remains a key choice for tenders, big and small, across all market verticals, including retail, corporate, hospitality, transportation, control rooms, public venues, and broadcast.

Seizing opportunity

Discussing his appointment, Jonas commented: “PPDS has become a major force in Norway, and I am excited to seize this opportunity to join such a flexible and forward thinking company with a great team. I believe that, with my skillset and understanding of the market, backed by the incredible portfolio of Philips Professional Displays and associated software and solutions, together we can achieve great things.”

 Roeland Scholten added: “In a competitive market, we need strong leaders and personalities to move forward and get where we want to be. Jonas has an impeccable background, working at some of the industry’s most established manufacturers and distributors, and has demonstrated from day one that he is the right fit for PPDS, sharing our values and ambitions. I am delighted to welcome Jonas to the team.”

Noida, Mar 5: HCLTech, a leading global technology company, has been recognized as a Leader in the 2025 Gartner Magic Quadrant for Custom Software Development Services, reaffirming its strong capabilities in delivering advanced software engineering and digital transformation solutions for enterprises worldwide.

The recognition highlights HCLTech’s ability to combine AI-native development, an outcome-driven engineering approach, and scalable innovation frameworks to help organizations build modern digital products and platforms. The company’s AI Force, a GenAI-led service transformation platform, enables enterprises to work seamlessly with leading proprietary and open-source large language models (LLMs) and small language models (SLMs) to accelerate innovation while ensuring security and efficiency at scale.

Speaking on the recognition, Pawan Vadapalli, Corporate Vice President and Global Head, Digital Business Services, HCLTech, said:

“Enterprises today need software engineering that delivers measurable business outcomes, not just code. HCLTech combines AI-native development, an outcome-driven approach and AI Force — our GenAI-led service transformation platform — to work seamlessly with leading proprietary and open-source LLMs and SLMs, enabling secure innovation and efficient scale. Our placement in the Gartner Magic Quadrant for Custom Software Development Services reflects the strength of this approach.”

Hari Sadarahalli, Corporate Vice President and Global Head, Engineering and R&D Services, HCLTech, added:

“As enterprises reimagine their products and business models, digital product engineering is becoming a critical driver of transformation. We empower organizations to build product-led, platform-driven and experience-centric solutions that deliver competitive differentiation. This recognition by Gartner highlights our chip-to-cloud engineering strength in helping enterprises embed intelligence across the value chain to drive measurable business outcomes.”

The Gartner Magic Quadrant evaluates vendors based on their ability to execute and completeness of vision, providing technology leaders with insights into service providers in the custom software development landscape.

Bengaluru, Mar 5 Following the resounding success of the X-47 launch, Ultraviolette, India’s pioneering innovation-driven mobility manufacturer, today launched ‘Battery Flex’  This initiative marks the beginning of a transformative chapter, introducing a unique ownership model that redefines accessibility and affordability for customers across the nation.

In partnership with Ecofy, India’s green-only NBFC focused on accelerating climate-positive adoption through specialised financing , Ultraviolette reinforces its commitment to democratizing advanced mobility solutions, ensuring that cutting-edge technology is within reach for a wider audience. By offering flexibility and cost efficiency, Battery Flex is set to accelerate the adoption of sustainable transportation and strengthen India’s position at the forefront of global mobility and innovation. This collaboration underscores a shared commitment to making advanced electric mobility more accessible, scalable, and economically viable for Indian consumers.

With this new initiative, customers can now own an Ultraviolette X-47 starting at just while subscribing to the battery beginning at just INR 2499 per month. This model allows customers to pay for the bike chassis while financing the battery separately under a steady monthly subscription fee.

Narayan Subramaniam, CEO & Co-founder at Ultraviolette commented,

 “At ₹2.5 lakh, Ultraviolette was at price parity with similarly powered ICE motorcycles. Now, with a starting price of INR 1.5 lakh, riders gain access to better technology, features, and performance that outpaces every segment. With operating costs as low as INR 2499 per month, which is lesser than the average spends on petrol, we are redefining what affordability means in motorcycling. The introduction of Battery Flex makes performance, technology-driven mobility more attainable and practical for riders across India, while keeping the focus firmly on what matters most: the thrill of riding an Ultraviolette.”

Battery Flex offers customers reduced upfront costs by lowering the initial investment in owning an Ultraviolette X-47 Crossover by 40%. At the end of the subscription period, battery ownership is transferred to the customer at no additional cost. Enrolments for Battery Flex begins on March 5th , 2026, offering riders across India a new way to experience performance mobility without compromise.

“Battery technology sits at the core of every electric vehicle, and at Ultraviolette we have invested years of R&D to ensure our batteries deliver uncompromised performance, safety, and longevity. With the launch of Battery Flex, we are extending this innovation to our customers in a way that is both flexible and accessible. It reflects our commitment to building technology that adapts to customer needs and makes performance mobility more practical than ever before”,

added Niraj Rajmohan, CTO & Co-founder at Ultraviolette.

With Battery Flex, Ultraviolette is not only lowering barriers to EV adoption but also setting new benchmarks in affordability, convenience, and sustainability in performance and tech-led mobility for riders across the world.

Mumbai, Mar 05: Aditya Birla Group’s decorative paints brand, Birla Opus Paints, housed under Grasim Industries, has unveiled its new digital film ahead of Eid celebrations titled ‘Dil Aise Eid Manaye’. Rooted in the brand’s philosophy of Duniya Ko Rang Do, the campaign beautifully captures how colours, homes and relationships come alive when the entire family comes together under one roof during festivals.

 Eid is a celebration of warmth, generosity and reunion, where homes transform into vibrant spaces that welcome loved ones from near and far. The film narrates the touching story of a young boy, who is initially upset as his home is repainted and rearranged to welcome his extended family for Eid. But as cousins arrive, the house fills with laughter, moments of joy and a cricket match where the spirit of sharing and togetherness comes alive. What felt like a disruption turns into delight, showing how festivities grow louder, warmer, and more meaningful when shared.

Inderpreet Singh, Head – Marketing, Birla Opus Paints, said,

“Eid is a festival that celebrates unity, gratitude and the joy of being surrounded by loved ones. With ‘Dil Aise Eid Manaye’, we wanted to tell a story that resonates with families across India and highlights how beautiful walls uplifts the festive spirit and becomes the perfect canvas for shared moments of togetherness.”

Sachin Kamble, Chief Creative Officer, Leo – India, said,

“This film beautifully captures how a young boy comes to realise that no celebration is ever truly complete without the people we love. It’s in these shared moments – of togetherness, warmth, and connection – that celebrations find their true meaning and bring us closer to one another.”

Conceptualised by Leo India, the campaign highlights the emotional significance of festivities and preparation while subtly showcasing the role of paints in elevating celebrations. The digital film will be available across YouTube, Instagram, Facebook and other social platforms, encouraging families to open their doors and hearts this Eid.

Mar 05: Blackstraw Technologies Private Limited has been certified as a Great Place to Work® for the fourth consecutive year. The certification covers February 2026 to February 2027 and places the company in the Mid-Size Organizations category.

 The Great Place to Work® certification is based entirely on anonymous employee feedback. It measures how staff experience trust, fairness, and day-to-day workplace culture, with no input from management. For Blackstraw, growing from startup to a 450+ strong team today while holding this certification four times running reflects consistency and intent.

Atul Arya, Founder and CEO of Blackstraw Technologies, said: 

“This recognition matters because it comes directly from our people. At Blackstraw, we try to build an environment where trust and ownership are real, not just things we put in a deck. When people feel that, the work shows it. Getting this independently confirmed, four years in a row, tells us we’re on the right track.”

Founded in 2018, Blackstraw has scaled a culture where teams take ownership of substantive global client engagements, from managing SKU intelligence across 7.2M products for CPG leaders to delivering $16M+ in cost savings through accelerated AI deployments in MLOps environments. Learning happens in the context of real delivery, not in isolation.

The certification comes as Blackstraw continues to strengthen its AI and data services footprint across North America and Europe.