Category: Business

Mumbai, July 20: Indian stock markets closed in negative territory as continued selling in financial sector stocks weighed on benchmark indices, with the Sensex and Nifty ending the session lower.

Investor sentiment remained cautious amid pressure on banking and financial shares, while broader market movements were influenced by global trends and sector-specific factors.

Market participants closely monitored developments across key sectors as investors adjusted their positions in response to changing market conditions.

Analysts said near-term market direction will depend on corporate updates, economic indicators, and global cues.

The decline reflected cautious trading activity, with financial stocks emerging as the key factor behind the market’s subdued performance.

Mumbai, July 20: Indian Hotels Company (IHCL), India’s largest hospitality company, today announced the signing of Tree of Life Kanadukathan in Chettinad, Tamil Nadu. The brownfield project involves the conversion of an existing heritage-style Chettiar property. 

Ms. Suma Venkatesh, Executive Vice President – Real Estate & Development, IHCL, said, “Chettinad’s rich architecture and cultural legacy continues to attract travellers seeking immersive experiences. Anchored in authenticity and a deep sense of place, Tree of Life brings its distinctive, experience-led approach to this setting. This signing presents an opportunity to pioneer a new destination and establish presence in an emerging heritage market. We are delighted to continue our partnership with AMPA Group for this project.”

Located in Kanadukathan, Chettinad, the 20-key Tree of Life Kanadukathan reflects the architectural character of the region. The hotel houses an all-day dining restaurant and lounge. To unwind, guests can explore the swimming pool, spa and fully-equipped gym. 

Mr. Ampa Palaniappan, Managing Director, AMPA Group, said, “We are pleased to partner with IHCL to restore and reimagine a historic Chettiar property. This project aims to contribute to the region’s growing tourism ecosystem.”

Kanadukathan in Chettinad serves as a cultural centre, attracting visitors for its festivals like Chettinad Heritage Festival, Aadi Perukku and Navaratri.

With the addition of this hotel, IHCL will have 33 hotels in Tamil Nadu including 14 under development.

New Delhi, July 20: India and Moldova have agreed to strengthen bilateral cooperation in trade, investments and resilient supply chains, reaffirming their commitment to expanding economic engagement and fostering mutually beneficial partnerships.

 Pic Credit: https://x.com/rashtrapatibhvn

The discussions focused on enhancing commercial ties, promoting investment opportunities, and improving supply chain connectivity to support sustainable economic growth. Both sides also explored avenues for increasing collaboration across sectors of shared interest.

The renewed commitment reflects the growing partnership between the two countries and their shared objective of creating a more robust and diversified economic relationship.

Officials emphasized that closer cooperation in trade and investment is expected to encourage business-to-business engagement, facilitate market access, and unlock new opportunities for enterprises in both countries.

The agreement marks another step towards deepening India–Moldova economic relations and strengthening collaboration in key areas that support long-term growth and resilience.

New Delhi, July 20: Foreign investment inflows into India are expected to recover in FY27, supported by improving economic fundamentals, policy stability, and continued investor confidence, according to a recent report.

The report noted that India’s strong economic growth prospects, expanding domestic market, and ongoing structural reforms are likely to enhance its attractiveness as an investment destination. Continued infrastructure development and a favourable business environment are also expected to support higher foreign capital inflows.

Industry experts said sustained policy initiatives, macroeconomic stability, and rising investor interest across sectors could contribute to a stronger investment outlook in the coming fiscal year.

The anticipated rebound in foreign investment is expected to support economic growth, create employment opportunities, and strengthen India’s position as a preferred destination for global investors.

The report highlights India’s long-term growth potential and the continued confidence of international investors in the country’s economic prospects.

Ras Al Khaimah, July 20: Ras Al Khaimah Economic Zone (RAKEZ) concluded a series of high-level business engagements in Mumbai, India, led by Group CEO Ramy Jallad. The visit formed part of a broader two-week RAKEZ roadshow across India, also covering Bengaluru, Coimbatore, Hyderabad and Pune, aimed at strengthening UAE-India trade and investment ties and creating new pathways for Indian companies exploring regional and global expansion from the UAE.

In Mumbai, the delegation held a series of B2B meetings with prominent Indian companies across diverse sectors, including automotive manufacturing, banking and financial services, IT and BPO, petrochemical trading, chemical and fertiliser manufacturing, alternative energy solutions, engineering, fabrication, infrastructure development, logistics, and strategic minerals processing.

 

As part of the visit, RAKEZ also signed a Memorandum of Understanding (MoU) with the Organization of Plastics Processors of India (OPPI), representing India’s plastics processing sector. The MoU was signed by RAKEZ Group CEO Ramy Jallad and OPPI Secretary General Deepak Lawale. The partnership aims to stimulate trade and business opportunities, create synergies for cooperation and development, and support Indian business owners through commercial missions, fairs, exhibitions and other export and investment promotion activities.

Commenting on the visit Jallad said, “India has always been one of RAKEZ’s most important investor markets, and our latest visit reflects the depth of this relationship. The discussions we held with business leaders across multiple sectors reaffirm the strong appetite among Indian companies to choose Ras Al Khaimah as a base for regional and global growth. Through focused engagements and strategic partnerships such as our MoU with OPPI, we are creating more opportunities for Indian enterprises to access the UAE’s dynamic business environment, benefit from RAKEZ’s cost-effective ecosystem, and scale with confidence.”

The MoU with OPPI further supports RAKEZ’s efforts to engage sector-focused industry bodies in India and promote Ras Al Khaimah as a competitive destination for manufacturers, processors and exporters. OPPI works closely with plastics processors, manufacturers and related industry stakeholders to promote technology adoption, quality enhancement, good manufacturing practices, sustainability, circularity, skill development and policy engagement.

RAKEZ’s Indian business community continues to grow in line with the strengthening UAE–India economic relationship under the Comprehensive Economic Partnership Agreement. Today, RAKEZ is home to more than 13,500 Indian companies, ranging from SMEs to multinational brands such as Mahindra, Ashok Leyland, MSSL, JK Cement, Ace Cranes, G.K. Wire Industries, Bosco Aluminium & Glass, Shyam Middle East, Nash Industries, Xpro India (part of Birla conglomerate), and Dabur Naturelle.

Through continued on-ground engagement and sector-focused outreach, RAKEZ continues to position Ras Al Khaimah as a preferred destination for Indian businesses seeking sustainable growth, regional access and long-term expansion from the UAE.

Through its multi-city outreach, RAKEZ is engaging directly with Indian businesses and industry partners, providing practical insights into establishing and expanding operations in Ras Al Khaimah. The initiative reflects RAKEZ’s continued focus on supporting Indian enterprises across key commercial and industrial centres.

New Delhi, July 20: MTAR Technologies shares remained under pressure for a third consecutive trading session, hitting the lower circuit as continued selling weighed on investor sentiment.

The stock has recorded a steep decline from its recent record high, reflecting heightened market volatility and cautious trading activity. The sustained fall has drawn attention from investors tracking the company’s market performance.

Market experts said fluctuations in stock prices can be influenced by a combination of company-specific developments, broader market trends, and investor sentiment. They added that market participants are likely to closely monitor upcoming corporate updates and financial performance for further cues.

The recent correction highlights the dynamic nature of equity markets, where stock prices can experience significant movements in response to changing market conditions.

Investors are expected to remain focused on the company’s long-term business fundamentals while assessing near-term developments affecting its share price.

Taipei, Taiwan July 20:  Organized by the Taiwan External Trade Development Council (TAITRA) and the Taiwan Association of Machinery Industry (TAMI), the Taipei International Plastics & Rubber Industry Show (TaipeiPLAS) will take place from September 15 to 19, 2026, at Taipei Nangang Exhibition Center, Hall 1. Booth applications and online visitor pre-registration are now officially open, welcoming exhibitors and industry professionals worldwide to join one of Asia’s leading plastics and rubber industry events.

Under the slogan “Form to Future,” TaipeiPLAS 2026 will focus on three key pillars: Smart Manufacturing, Innovative Materials, and Sustainability & Circular Economy. The exhibition will showcase the latest technological advancements and market trends, highlighting how the industry is evolving through digital transformation, material innovation, and sustainable production practices.

TaipeiPLAS has long served as a premier platform connecting global buyers, suppliers, and industry leaders. The 2024 edition attracted more than 12,000 visitors, reaffirming Taiwan’s strategic position within the global plastics and rubber supply chain. The exhibition continues to provide opportunities for product launches, technology exchange, business development, and international collaboration.

The global plastics and rubber industry is undergoing significant transformation driven by circular economy initiatives, advanced manufacturing technologies, and evolving supply chain demands. Leading brands across the automotive, electronics, and consumer goods sectors are increasingly adopting recycled materials and innovative material solutions, prompting suppliers worldwide to accelerate their sustainability efforts. At the same time, manufacturers are integrating automation, digitalization, machine connectivity, and data-driven monitoring systems to improve operational efficiency, product quality, and energy management.

Taiwan’s plastics and rubber machinery sector continues to demonstrate resilience and growth. In 2025, exports reached USD 825 million, representing a 4.6% increase compared to 2024. Key export markets include China, Vietnam, the United States, Thailand, and Indonesia, while Taiwanese manufacturers are also expanding into emerging markets such as Poland, Latin America, and Africa.

Reflecting these industry developments, TaipeiPLAS 2026 will introduce a Sustainability & Circular Zone and place greater emphasis on advanced and composite materials, showcasing innovative material technologies, green manufacturing processes, recycling solutions, and circular economy applications. Visitors will gain insights into the latest industry innovations while exploring opportunities for future business growth.

The exhibition is expected to feature 330 exhibitors across 1,500 booths, presenting comprehensive solutions spanning the entire plastics and rubber value chain. Leading Taiwanese exhibitors include Victor Taichung, FCS, Huarong, CLF, Everlight Chemical, and GRECO, alongside internationally renowned companies such as ARBURG, WITTMANN, ENGEL, and igus.

In addition to the exhibition, TaipeiPLAS 2026 will host a series of concurrent events designed to facilitate knowledge exchange and business networking, including Procurement Meetings, Industry Forums, Guided Tour, and the TaipeiPLAS Award Ceremony & Gala. These activities will provide valuable opportunities for industry professionals to connect with global partners, gain market intelligence, and explore emerging trends.

As the industry advances toward a smarter and more sustainable future, TaipeiPLAS 2026 serves as a key platform for innovation, collaboration, and international business development. Booth applications and visitor pre-registration are available through the official TaipeiPLAS website.

New Delhi, July 20: Cotton continues to play a vital role in India’s agricultural economy, earning its reputation as the country’s “white gold” due to its contribution to farmers’ livelihoods, textile industries, and exports.

India’s cotton sector supports millions of farmers and serves as a key raw material for the country’s vast textile and apparel industry. The crop remains an important contributor to rural employment and economic growth across major cotton-producing states.

With growing demand for sustainable textiles and value-added cotton products, the sector is witnessing increased focus on improving productivity, modern farming practices, and strengthening supply chains.

Government initiatives and industry efforts are aimed at enhancing cotton quality, supporting farmers, and boosting India’s position in the global textile market.

The continued growth of the cotton sector highlights its importance in driving rural prosperity, supporting the textile ecosystem, and strengthening India’s agricultural economy.

New Delhi, July 20: India and Spain have agreed to accelerate discussions for linking India’s Unified Payments Interface (UPI) with Spain’s Bizum digital payment system, marking a step towards stronger digital financial cooperation between the two countries.

The proposed integration aims to enable faster, secure, and more convenient cross-border digital transactions for citizens, businesses, and travellers. The move is expected to improve payment connectivity and support greater economic engagement between India and Spain.

The collaboration highlights India’s expanding digital payment ecosystem and its efforts to build global partnerships for seamless financial transactions.

The UPI-Bizum linkage is expected to benefit sectors such as tourism, trade, and services while promoting innovation in digital finance.

The initiative reflects the growing importance of digital payment solutions in strengthening international economic ties and creating a more connected global payment network.

Mumbai, July 20: Aurum PropTech Limited’s Q1 FY27 was defined by two parallel achievements: sustained operating strength, with the distribution segment leading growth and rental platforms turning EBITDA positive; and a defining strategic move, with the acquisition of 100% of Housing.com from REA Group.

Commenting on the results, Mr. Onkar Shetye, Executive Director, Aurum PropTech Limited, said: “Q1 FY27 marks a defining start to the year for Aurum PropTech. We delivered our third consecutive profitable quarter, demonstrating that disciplined execution, improving unit economics and capital-efficient growth can coexist.

Acquisition of 100% of Housing.com is a transformative milestone, bringing India’s leading real estate discovery platform into our ecosystem and forging a strategic alignment with the REA Group. The combination brings Housing.com’s trusted marketplace with over 58 million average monthly visits and 12 million monthly active users together with Aurum’s integrated transaction ecosystem, laying the foundation for India’s first AI-native real estate operating system.

Equally encouraging is the strength of our operating businesses, with every platform achieving key profitability milestones. Our data analytics, transaction management and sales automation businesses delivered profitable AI-led growth, while our coliving and family rental platforms achieved EBITDA profitability through stronger operational efficiency and greater scale.

This quarter reflects three defining themes for Aurum PropTech, sustained profitability, strategic transformation and AI led technology leadership, positioning us to create the most intelligent, integrated platform across the entire real estate lifecycle.”

Segment Operational Highlights
Distribution Business
Scaling data-driven growth across developer ecosystems.

Sell.do

India’s leading sales automation platform for real estate developers

▪     20+ new developers onboarded; 400+ new licenses added

▪     18 customers signed for AI Calling Feature

▪     Outcome-based pricing models launched with site-visit success POCs underway

Aurum Analytica

Data and lead-intelligence platform for real estate developers

▪     145+ active clients with 275+ projects on platform

▪     1,34,000+ leads sold in Q1 FY27 – 77% YoY growth

▪     Launched AI suite – Aurum Lens (insights), Aurum Converse (voice), Aurum Qonvo (WhatsApp)

PropTiger

Full-stack digital real estate transaction and advisory platform

▪     155+ active developer clients across 11 active mandates

▪     60% YoY growth in gross commission

▪     PropPartnerX broker app live across all cities for end-to-end bookings, payouts, and invoicing

Rental Business
Expanding the rental horizon across India

HelloWorld

Managed coliving platform for young professionals and students

▪     255+ active coliving spaces across 16+ cities

▪     4.3+ average customer rating across the platform

▪     HelloWorld 2.0 launched – brand repositioning from coliving operator to lifestyle identity platform

NestAway

India’s premier technology-led rental marketplace

▪     9,200+ rentable units across 4,855 houses

▪     Deployed AI agents for lead qualification and customer support

▪     320 rooms signed, 25 live clusters for Nestaway Select