Category: Business

  • Fintech Leads India’s $16B VC Boom with 18% Increase in Investments

    India’s venture capital (VC) ecosystem demonstrated strong growth in 2025, with total investments reaching an estimated $16 billion—up nearly 20% compared to 2024, according to the India Venture Capital Report 2026 by Bain & Company in collaboration with the Indian Venture and Alternate Capital Association (IVCA).

    Deal activity also witnessed a significant boost, rising approximately 18% year-on-year, with over 1,300 transactions completed across different stages of funding. This reflects sustained investor confidence in India’s startup ecosystem and its diverse sectors.

    The fintech sector emerged as a major driver of growth, with investment value rebounding more than 2.2 times compared to the previous year. While payments continued to attract the largest share of VC funding, investors increasingly diversified into other fintech sub-sectors offering predictable monetization models, signaling a shift toward sustainable and scalable business opportunities.

    Experts believe this surge in venture capital funding highlights India’s growing prominence as a global startup hub, supported by a robust ecosystem of entrepreneurs, investors, and government initiatives. As more sectors mature and investor strategies evolve, India’s VC landscape is expected to continue its upward trajectory in the coming years.

  • India’s Auto Industry Accelerates: SUVs and Export Demand Fuel Record Growth

    India’s Auto Industry Accelerates: SUVs and Export Demand Fuel Record Growth

    New Delhi, Apr 2: India’s automobile industry is experiencing a remarkable surge, with strong sales momentum driven by booming SUV demand and rising exports. The combination of domestic enthusiasm for larger, versatile vehicles and growing global orders is propelling the sector to new heights.

    Consumer preferences are increasingly shifting toward SUVs, which offer comfort, performance, and practicality for modern lifestyles. This trend has led automakers to prioritize production in the SUV segment, resulting in consistent month-on-month sales growth. At the same time, Indian vehicles are gaining recognition in international markets, with exports contributing significantly to the industry’s expansion.

    Industry experts note that favorable government policies, increased consumer confidence, and strategic investment in production facilities have amplified this growth. Manufacturers are scaling up capacities, innovating with new models, and meeting the dual demand of domestic buyers and global clients.

    The growth in exports not only strengthens India’s position as a global automotive hub but also creates opportunities for job creation, skill development, and technological innovation. Analysts predict that the continued rise in SUV popularity and international demand will sustain momentum throughout 2026, making it a landmark year for the Indian auto sector.

    As the industry adapts to evolving consumer trends and explores new markets, it stands poised for long-term growth, signaling a bright road ahead for manufacturers, buyers, and the economy alike.

  • Abhee Ventures Launches Scotland-Inspired Luxury Living Concept in Bengaluru

    Bengaluru’s housing market is entering a more sophisticated phase, where luxury is no longer defined by larger homes or premium amenities, but by the depth of experience a residential environment can offer. As the city’s affluent buyer base becomes more globally exposed, there is a growing preference for developments that carry a distinct identity. Communities are being shaped by thoughtful design narratives, landscape-led planning, and a sense of place that extends beyond the apartment itself. This shift is encouraging developers to think more imaginatively about how residential spaces are conceived.

    Within this landscape, Abhee Ventures is preparing to take a significant step forward, conceptualising a residential development inspired by the enduring architectural charm and pastoral serenity associated with Scotland. Since its inception in 2009, Abhee Ventures has built a strong reputation as a dependable name in Bengaluru’s residential market, delivering more than 20+ developments across some of the city’s most sought-after corridors. The company’s journey has been shaped by a consistent emphasis on customer-centric planning, transparent execution, and a design philosophy that prioritises liveability alongside architectural clarity.

    Over the years, its portfolio has expanded across a diverse mix of residential formats; from high-rise communities and thoughtfully planned apartment clusters to villa-led developments, each reflecting a careful balance between scale and quality. As Bengaluru’s housing market matures and buyer expectations evolve, Abhee Ventures is now ready for its next strategic chapter: transitioning from a trusted premium developer to a brand increasingly aligned with experiential luxury, where design depth, landscape integration, and lifestyle curation take centre stage.

    The Concept: A Scotland-Inspired Luxury Township

    At the heart of the development lies a design idea drawn from the enduring romance of Scotland: a land celebrated for its storied architecture, sweeping landscapes, and an unhurried philosophy of living shaped by nature. Rather than borrowing superficially from a theme, the concept seeks to translate the spatial character and aesthetic restraint associated with the Scottish countryside into a contemporary residential environment.

    Architectural design draws inspiration from expansive greens reminiscent of the Highlands, creating a landscape that feels open, serene, and deeply connected to nature.

    Water features like a large man-made lake and mist zones— inspired by Scotland’s iconic lochs—introduce a sense of calm continuity across the community, complemented by material palettes rooted in natural stone and warm timber tones.

    Wellness-focused clubhouses, including four distinct experiences, and 40+ thoughtfully curated amenities are seamlessly integrated within the project—featuring a wellness clubhouse, sports clubhouse, leisure clubhouse, and a country-style golf course–facing clubhouse—designed to elevate everyday living and promote a holistic lifestyle.

    Together with a walkable, European-style township layout that prioritises openness and community interaction, the development aspires to create an immersive living environment where architecture, landscape, and lifestyle flow seamlessly, evoking the quiet elegance of a Scottish retreat within the fabric of urban Bengaluru.

    Bengaluru’s First Residential Golf Course Community

    One of the most distinctive elements envisioned within the development is a private golf course woven into the fabric of the township: an amenity rarely integrated into residential communities in Bengaluru.Spanning a 3-par golf course, the landscape draws inspiration from Scotland, widely regarded as the birthplace of modern golf, where the sport is as much a cultural ritual as it is a leisure pursuit.

    In the Indian context, golf has traditionally remained the preserve of exclusive clubs or destination resorts; embedding it within a residential masterplan introduces an altogether different lifestyle proposition. Beyond its sporting appeal, the course also functions as an expansive green anchor for the community, offering open sightlines, a tranquil environmental buffer, and a shared social space that subtly elevates the character of the neighbourhood. In doing so, it transforms golf from a distant luxury into an everyday experience of refined living, reinforcing the project’s ambition to redefine the contours of luxury housing in the city.

    The Strategic Significance for Abhee Ventures

    Taken together, the vision behind this development represents a meaningful inflection point in Abhee Ventures’ journey as a brand. Having built its reputation on thoughtfully planned premium housing, the company now appears to be stepping into a more ambitious phase defined by large-format and concept-led communities that place lifestyle and environment at the centre of residential design. The scale and thematic depth of the township signal a deliberate move toward experiential luxury, reflecting both the company’s growing design confidence and its belief in the evolving aspirations of Bengaluru’s homebuyers.

    As Bengaluru’s residential market continues to mature, the definition of luxury is gradually shifting from sheer scale to the quality and character of the living experience itself. Global design influences, nature-led planning, and curated community experiences are becoming central to this evolving aspiration. Therefore, the next phase of the city’s housing market is likely to be shaped by developers who can pair imaginative, concept-driven design with the credibility of consistent execution. 


    Business News For Profit

  • Ezeepay Launches UPI Cash-Out Service for Retail Withdrawals

    New Delhi,  April 02: Ezeepay, a leading fintech platform enabling assisted digital financial services across India, has announced the launch of its new UPI Cash-Out service, allowing customers to withdraw cash seamlessly through its widespread network of banking outlets. The service is expected to go live in the second week of April, in compliance with Reserve Bank of India (RBI) guidelines.

    With this new feature, customers can now use UPI to withdraw cash ranging from a minimum of ₹1,000 to a maximum of ₹5,000 per transaction, with a monthly withdrawal cap of ₹50,000. The service will be available across Ezeepay’s extensive network of agents and retail outlets, ensuring easy access to cash, particularly in semi-urban and rural areas.

    In addition, the platform has introduced a nominal commission model, where each cash withdrawal transaction will carry a fee, capped at ₹10 per transaction, ensuring affordability for users while creating an additional income stream for agents and retail partners.

    Commenting on the launch, Mr. Shams Tabrej, Co-founder & CEO, Ezeepay, said:

     “At Ezeepay, our mission has always been to bridge the gap between digital and physical financial services. With the introduction of UPI Cash-Out, we are empowering customers with a simple and secure way to access cash through their trusted neighborhood retailers. This service not only enhances financial convenience for users but also creates an additional income stream for our agents and retail partners, strengthening the overall ecosystem.”

    The initiative aligns with the broader vision of enhancing digital financial inclusion, enabling users, particularly in underserved regions, to benefit from a seamless blend of digital and physical financial services. For Ezeepay’s agent network, the feature is expected to drive higher footfall and recurring earnings, further strengthening the company’s grassroots presence.

    As digital payments continue to rise across India, Ezeepay’s UPI Cash-Out service aims to address the persistent need for cash accessibility, ensuring that convenience, compliance, and customer-centricity remain at the core of its offerings.


    Business News For Profit

  • Edmond Wong takes helm as the President of Orange Business Asia-Pacific from retiring predecessor Nick Lambert

    Edmond Wong has been appointed as the Asia-Pacific President at Orange Business, taking over from incumbent Nick Lambert, who will be retiring by the end of April. 

    Apr 02: Nick has successfully led the APAC region for close to seven (7) years since 2019, bringing about significant business transformations amidst a complex global landscape while delivering outstanding performances year-on-year thanks to his strategic vision and strong focus on customers. His contributions and achievements leave APAC in a stronger position than ever, as the region is now poised for further wins and key growth across all markets.

    As the named successor, Edmond brings with him 15 years of experience in business, leadership, and transformation in large, complex global organizations, and has also lived and worked in multiple countries, including Singapore, Melbourne, Tokyo, Seoul, and Beijing for a multicultural environment understanding. Currently based in Singapore, Edmond was the Head of Business Management APAC at Orange Business since June 2020, prior to succeeding this role.

    Having previously executed major corporate and regional programs across Sales and Marketing and driving Go-to-Market strategy for different parts of the region, Edmond has a proven track record in driving profitability and is skilled in stakeholder management, regional growth strategies with exemplary leadership in operational excellence and change management. He will now focus on accelerating APAC’s next phase business journey and growth levers, executing transformation, and fostering strategic partnerships.

    Edmond Wong

    “I’m deeply grateful to the Orange Business management team for their trust and faith in me to lead the APAC region. Over the next few months, I look forward to immersing into the different APAC market’s challenges and needs, meeting customers and collaborating with partners, expanding new grounds, and ensuring that we continuously drive momentum for the region.

    “I wish to sincerely thank Nick for his guidance, support, and valuable advice to me from his time as the President of APAC until this transition period before his retirement. We share a special bond, and I hope to continue his work legacy and build on from his outstanding achievements,” said Edmond.

  • EIEL Bags INR 1,481 Cr Projects, Expands in Renewable Energy & BESS

    New Delhi, April 02: Enviro Infra Engineers Limited (EIEL), a leading infrastructure Company specializing in water and waste-water treatment solutions, is pleased to announce the successful securing of five (5) significant projects during March 2026, marking a strong closure to the financial year and further strengthening its growth momentum. The combined value of these orders i.e. ₹ 1,481 Cr. represents a meaningful addition to the Company’s order book and improves revenue visibility for the coming periods.
     
    A key highlight of these wins is the Company’s entry into the Battery Energy Storage System (BESS) segment within the renewable energy space. While EIEL has already been active in the B2B segment, these new projects from NTPC Limited represents a step-up in scale, showing the Company’s growing ability to execute large and complex energy projects.
     
    Securing all these projects are in line with the Company’s long-term focus on sustainability and clean energy solutions. The entry into BESS comes at a time when energy storage is rapidly becoming central to India’s power ecosystem—enabling renewable integration, improving grid reliability, and supporting peak demand management. EIEL shall have the benefit of first-mover advantage, as BESS projects in India are still at an early stage of development, thereby strengthening its positioning as the market continues to evolve.
     
    EIEL’s foray into BESS aligns with India’s rapidly scaling energy storage market, driven by renewable integration needs, falling battery costs, and policy support. India has built less than 1% of its required battery storage, leaving a massive 208 GWh gap—opening up one of the largest clean energy opportunities of the decade. As BESS becomes critical for grid stability and peak demand management, it is emerging as a core pillar of future power infrastructure.
     
    These projects further strengthen EIEL’s geographical footprint, with expansion into Bihar, Assam, and Telangana—key growth markets for both urban infrastructure and energy transition projects.
     
    Commenting on the development, Mr. Sanjay Jain, Chairman, said,
     
     “We are pleased to secure these prestigious orders from NTPC, marking a key milestone in our diversification into the renewable energy sector. Battery Energy Storage Systems are critical to ensuring grid stability and enabling round-the-clock renewable power. As India accelerates its energy transition, BESS represents a large, long-term opportunity, and our entry into this space positions us to play a meaningful role in building next-generation energy infrastructure. We remain committed to delivering these projects with the highest standards of quality and efficiency.”
     
    As renewable energy penetration increases, BESS is evolving from a pilot-stage solution to a core component of grid planning, creating opportunities across utility- scale, commercial, and industrial applications.
     
    The Company has already been making steady progress in its core water – wastewater treatment solutions business. Alongside its existing renewable energy portfolio, the addition of BESS projects with a combined order value exceeding ₹1,070 Cr. further strengthens the Company’s order book and mark its transition into a diversified infrastructure player spanning water, sanitation, and sustainable energy solutions.
     

    Business News For Profit

  • Driving the Future of Cleaning: Kärcher India Takes Center Stage at KPHA 2026

    Driving the Future of Cleaning: Kärcher India Takes Center Stage at KPHA 2026

     

    New Delhi, Apr 2: Kärcher India was a Sapphire Sponsor at the Kerala Professional Housekeepers Association (KPHA) convention held on 25th March. Kärcher further strengthened its foothold in the professional cleaning space by setting up a dedicated stall at the convention centre, showcasing its wide range of technologically advanced cleaning solutions such as scrubber dryers, vacuum cleaners, steam cleaners, sweepers, and high-pressure washers.

    As part of the event, Varun Handa, Strategic Head of Kärcher India, was a featured speaker at the convention, where he addressed attendees on the topic of “Hospitality Solutions at Kärcher.” The session highlighted Kärcher’s approach to enabling efficient, scalable, and sustainable cleaning solutions tailored for the hospitality industry.

    The discussion also covered Kärcher’s broader sustainability vision, including green energy adoption, reduction of CO₂ emissions, circular economy practices, and the development of sustainable products.

    “As Kärcher, we believe the future of cleaning lies at the intersection of sustainability, innovation, and responsibility. Whether it is adopting green energy sources, reducing CO₂ emissions, or embracing the circular economy, our aim is to create a long-term impact. Through platforms like KPHA, we are able to demonstrate the value of structured cleaning methodologies like PDIR in enhancing hygiene standards and operational efficiency, especially within the hospitality segment,” said Varun Handa, Strategic Head, Kärcher India.

    The session also emphasized the importance of hygiene and structured cleaning methodologies such as PDIR (Preventive, Daily, Intensive, Restorative), along with best practices for efficiency and maintenance.

     

     

  • Honda Cars India Flags Off Pan-India Test Run for Its First Upcoming Electric SUV

    Hyderabad, April  2: Honda Cars India Ltd. a leading manufacturer of premium cars in India, today flagged off the first pan-India test run of its upcoming Battery Electric Vehicle SUV, marking the official start of Public Road Verification testing in India. This marks an important step in Honda’s electric mobility journey and towards the future launch of an all-new electric SUV for Indian customer.

    Honda Cars India Flags Off Pan-India Test Run for Its First Upcoming Electric SUV

     The prototype of this model, known globally as Honda 0 α, was unveiled at the Japan Mobility Show 2025.

    The testing programme will evaluate the vehicle across a wide range of Indian driving conditions, including highways, city roads, and challenging terrains. Key areas of focus include durability, handling, ride comfort, efficiency, and overall reliability. The vehicle will also undergo testing in extreme heat and monsoon conditions, along with evaluation of charging performance across different types of charging infrastructure to ensure everyday usability.

    Speaking at the occasion, Mr Takashi Nakajima, President and CEO, Honda Cars India, said,

    “The start of pan-India Public Road Verification testing is a key milestone in our electrification journey. India has unique driving and climate conditions, and it is important for us to test our electric vehicle thoroughly in real-world environments. This programme reflects Honda’s global engineering strengths combined with a strong focus on local customer needs, as we prepare to introduce an electric SUV that offers reliability, comfort, and ease of use.”

    The upcoming electric SUV is being developed for both urban and lifestyle-oriented driving, supporting a wide range of daily use cases. The model is planned for global introduction in FY 2026–27, with India and Japan among the key markets. The vehicle will be manufactured in India and exported to global markets.

  • Kaufman Rossin and Synack Partner to Scale AI-Powered, Continuous Penetration Testing for Regulated Companies

    New partnership addresses growing gap between security priorities and real-world attack surface coverage

    REDWOOD CITY, Calif., Kaufman Rossin, a Top 50 public accounting, advisory, and tax firm, and Synack, the leader in penetration testing as a service (PTaaS), today announced a strategic partnership to deliver scalable, AI-powered penetration testing and continuous security validation for regulated enterprises.

    At a time when organizations are rapidly expanding their digital footprint while facing increasingly sophisticated, AI-driven threats, many security teams struggle to keep pace. Recent industry research shows that penetration testing remains a top priority, but organizations are testing only a fraction of their total attack surface—creating a critical gap between perceived and actual security posture.

    This partnership directly addresses that gap by combining Kaufman Rossin’s deep cybersecurity advisory expertise with Synack’s AI-powered PTaaS platform and the Synack Red Team (SRT)—a global community of elite, vetted security researchers. Together, the firms enable organizations to move beyond static, point-in-time testing toward a continuous, scalable model that keeps pace with modern attack surfaces.

    Kaufman Rossin clients will gain access to Synack’s full platform capabilities, including web application, host, cloud, API, and AI/LLM penetration testing, as well as attack surface management. Unlike traditional pen testing approaches that rely on periodic, manual assessments, Synack’s platform enables continuous testing aligned to infrastructure changes, compliance cycles, and evolving threat landscapes—without requiring organizations to switch vendors or restart engagements.

    “Our clients operate in highly regulated environments where security, speed, and consistency are non-negotiable,” said Kory Patrick, leader of Kaufman Rossin’s cybersecurity practice. “They need a model that not only meets compliance requirements but also keeps pace with constant change. Synack enables us to deliver scalable, repeatable testing with the depth and rigor our clients expect—while significantly accelerating time to value.”

    For Synack, the partnership expands its reach into organizations that require both advanced technical capabilities and trusted advisory relationships. Kaufman Rossin’s team of more than 100 certified risk professionals—including CISSP, CISM, OSCP, and CRISC—supports clients across the financial services, fintech, healthcare, legal, and technology sectors.

    “Kaufman Rossin represents the kind of trusted advisor organizations rely on to navigate increasingly complex security and compliance challenges,” said Jay Kaplan, CEO of Synack. “By combining their advisory strength with our AI-powered platform and global researcher community, we’re helping customers fundamentally rethink how penetration testing is delivered—moving from reactive assessments to continuous, intelligence-driven security validation.”

    Synack’s platform has demonstrated measurable impact for security teams, reducing the total cost per pen test by up to 32%, saving an average of 22 days per engagement, and accelerating remediation timelines for high and critical vulnerabilities by 47% or more. These gains translate directly into reduced risk exposure, faster compliance readiness, and improved operational efficiency for organizations under increasing regulatory and business pressure.

    The partnership also establishes a foundation for joint go-to-market initiatives, enabling Kaufman Rossin and Synack to deliver integrated security offerings that combine advisory services with continuous testing and risk validation.

  • AAVantgarde appoints Philip Lao as Senior Vice President of Business Development

    April 02, 2026 — AAVantgarde Bio (AAVantgarde), a clinical-stage biotechnology company pioneering therapies for inherited retinal diseases (IRDs) focused on large gene delivery via its two proprietary Adeno-Associated Viral (AAV) vector platforms, today announced the appointment of Philip Lao as Senior Vice President of Business Development.

    Mr. Lao joins the Company’s leadership team and will report to Dr. Natalia Misciattelli, Chief Executive Officer. “Philip brings extensive genetic medicine and ophthalmology experience, and his track record of creating value through strategic partnerships will significantly strengthen our business development capabilities at this crucial time for AAVantgarde,” said Dr. Natalia Misciattelli, Chief Executive Officer of AAVantgarde. “Philip’s proven track record will help drive the company’s future strategic growth. We are pleased to welcome him to AAVantgarde.”

    “I am excited to join AAVantgarde and help accelerate the company’s progress by expanding strategic partnership and commercial opportunities for our novel pipeline of retinal
    therapeutics and beyond. I am confident that our proprietary platforms will deliver transformative therapies for underserved patients who currently lack effective treatment
    options,” said Mr. Philip Lao, Senior Vice President of Business Development of AAVantgarde.

    Prior to joining AAVantgarde, Mr. Lao served as Head of Business Development at Adverum Biotechnologies, a retinal gene therapy company, where he led the successful sale of the company to Eli Lilly in December 2025. His career includes extensive experience in M&A an strategic licensing roles at Novartis, Pfizer, and Takeda, where he led cross-functional teams in the evaluation and execution of complex global transactions. Philip began his career in the Healthcare Investment Banking team at Deutsche Bank and holds a BA in Economics and an MBA, both from the University of Chicago.