Category: Business

Jaipur, June 24: Namdev Finvest Limited (formerly known as Namdev Finvest Private Limited), a leading non-banking financial company (NBFC) serving customers across Tier II and Tier III markets, has announced key milestones in its growth journey including the transition to a limited company and an upgrade of its long-term credit rating to A- by ICRA. These developments mark a significant step forward in the company’s evolution, reflecting its strong financial performance, robust governance framework, and continued focus on driving financial inclusion and sustainable growth across underserved segments in India. 

The transition to a limited company represents an important structural milestone in Namdev Finvest’s journey, strengthening its institutional framework, technology adoption, processes and positioning the organisation for its next phase of growth. It reflects the company’s expanding scale, evolving governance standards, and long-term commitment to building a more resilient and future-ready business.

The transition is accompanied by a refreshed identity that reflects Namdev Finvest‘s evolution into a modern, institutional, and scalable organization. While the identity has evolved, the mission remains unchanged: serving Bharat’s underserved entrepreneurs with discipline, dignity, and capital. New identity, same conviction. 

Complementing this milestone, Namdev Finvest has also received an upgrade in its long-term credit rating to A- by Investment Information and Credit Rating Agency of India Limited (ICRA), a well-established credit rating agency in India. The upgrade is a strong validation of the company’s improving financial strength, disciplined risk management framework, and consistent operational performance. 

Commenting on the milestone, Mr. Jitendra Tanwar, Managing Director & CEO, Namdev Finvest Limited, said, “We are pleased to announce a defining milestone in the journey of Namdev Finvest. The transition to Namdev Finvest Limited, along with the upgrade in our long-term credit rating, goes beyond corporate achievements and reflects the trust and confidence placed in us by our customers, lending partners, investors, shareholders, and employees over the years. As we move into this new phase, our mission remains unchanged: to empower individuals, entrepreneurs, and communities through accessible and responsible financial solutions. We believe these milestones strengthen the foundation for our future growth and reinforce our commitment to building a transparent, resilient, and customer-centric institution that contributes meaningfully to India’s economic progress.”

These milestones mark the beginning of a new chapter for Namdev Finvest as it continues to strengthen its market presence, expand its impact, and create long-term value for stakeholders. With a stronger foundation, enhanced credibility, and a clear long-term vision, the company is well-positioned to pursue its growth ambitions while further advancing financial inclusion across India and reaching underserved markets.

June 24: India is positioned to play a central role in driving the fastest-growing segment of Amazon’s global operations, according to Amazon CEO Andy Jassy.

Highlighting the country’s strategic importance, Jassy said India’s large customer base, expanding digital infrastructure and rapid adoption of e-commerce are contributing to strong business momentum in the region.

He noted that India continues to be one of Amazon’s most dynamic markets, supported by increasing internet penetration, growing small and medium business participation and rising demand for online retail and digital services.

The company sees significant long-term opportunities in India across e-commerce, cloud services and digital innovation, driven by the country’s evolving consumption patterns and technology adoption.

Industry observers say India’s growing digital economy and supportive regulatory environment are helping global companies scale their operations and deepen market presence.

The remarks underscore India’s importance in Amazon’s global strategy as the company continues to invest in technology, logistics and infrastructure to strengthen its presence in the country.

By  Stephen Stone, National Media Strategist

Viral social media content from international visitors attending the FIFA World Cup is showing how everyday interactions across the United States can become a form of citizen diplomacy that may help reshape global perceptions of the country.

Whether it’s fans from Japan marveling at Texas barbecue, Scotland’s Tartan Army spreading goodwill in Boston or German content creators becoming enamored with Buc-ee’s, international visitors have consistently shared positive reactions to American hospitality, food and local culture.

The social media content offers a contrast to some perceptions of the United States. According to the Pew Research Center, some of Europe’s hottest soccer hubs stated that they believed the U.S. was plagued by “very strong partisan conflicts.”

Florida State University Professor of Sociology Deana Rohlinger studies mass media, social movements, digital participation and democratic processes. She said the FIFA World Cup offers one of the largest examples of citizen diplomacy, when ordinary people act as informal ambassadors and generate goodwill that governments cannot easily create.

“Social scientists have known for decades that when people from different groups interact under positive conditions, stereotypes often break down. The World Cup is one of the largest examples imaginable,” Rohlinger said.

While diplomacy is often viewed as a top-down process led by governments and political leaders, citizen diplomacy works from the bottom up. International visitors’ own perceptions change by experiencing what U.S. culture is about.

“Part of why this resonates is that it pushes back against a story we’ve been telling ourselves for years,” Rohlinger added. “So much of what we encounter emphasizes polarization, conflict and dysfunction that those images start to define how we see ourselves. Then outsiders, people with no reason to flatter us, arrive expecting one thing and encounter another. Their reactions interrupt the narrative. They provide a more generous, and probably more accurate, reflection of who we are.”

Media interested in learning more about citizen diplomacy and how the FIFA World Cup is influencing perceptions of the U.S. may contact Professor of Sociology Deana Rohlinger via email at drohling@fsu.edu.

Deana Rohlinger, professor of sociology, Florida State University College of Social Sciences and Public Policy

How does citizen diplomacy become so effective in the case of FIFA World Cup visitors experiencing the United States?

Part of what makes these moments powerful is that visitors arrive with expectations shaped by headlines and social media. Then they encounter something more mundane and more human: strangers striking up conversations, neighbors helping with directions, someone insisting they have to experience Buc-ee’s, or introducing them to the marvel of a Big Gulp. These small interactions sound trivial, but they leave impressions. And because so many of us are watching these encounters unfold online, the goodwill extends far beyond the people who were actually there. Visitors show up expecting a divided, unwelcoming country, discover something different, and then tell the world. That’s how the script gets flipped.

How can this type of positive social media content boost morale to U.S. citizens and their own thoughts/opinions of their country?

There’s something powerful about hearing these positive reactions from strangers. Praise from people who don’t owe us anything feels more credible than self-congratulation. The effect is probably temporary, but moments like this remind people that the angry, divided portrait we carry around is only part of the picture. Everyday interactions, ordinary kindness and even shared excitement over things as mundane as Buc-ee’s or a Big Gulp point to another side of American life that often gets lost in the headlines.

New Delhi, June 24: External Affairs Minister S. Jaishankar held discussions with South Korean Foreign Minister Cho Hyun to review bilateral relations and explore new opportunities for collaboration, particularly in startups, innovation and emerging technologies.

The talks focused on strengthening the India–South Korea strategic partnership, with both sides expressing interest in expanding cooperation in areas such as digital innovation, technology-driven entrepreneurship and economic engagement.

Both ministers reviewed ongoing bilateral initiatives and exchanged views on enhancing business-to-business linkages, with a special emphasis on supporting startup ecosystems in both countries.

The discussions also highlighted the growing role of innovation-led growth in shaping future economic partnerships, with startups identified as a key driver of bilateral cooperation.

Officials said the meeting reflects the shared commitment of India and South Korea to deepen economic ties and encourage greater collaboration between entrepreneurs, investors and technology firms.

The two sides also agreed to continue high-level engagement to further strengthen cooperation in trade, investment and emerging sectors in the coming years.

June 24: Gold and silver prices declined nearly 2 per cent in global markets as investors turned cautious amid uncertainty over the global interest rate outlook.

The weakness in bullion was driven by expectations that interest rates may remain elevated for longer than previously anticipated, reducing the appeal of non-yielding assets such as precious metals. A stronger US dollar also added pressure, making gold more expensive for buyers holding other currencies.

Market sentiment remained subdued as central banks continued to signal a data-dependent approach to monetary policy, limiting hopes of near-term rate cuts. This has led to reduced safe-haven demand in the precious metals segment.

Silver prices mirrored the decline in gold, tracking both macroeconomic sentiment and concerns over industrial demand in key global markets.

Analysts said short-term volatility in bullion is likely to persist as investors respond to evolving interest rate expectations and currency movements. However, long-term demand for gold and silver remains supported by inflation-hedging needs and ongoing global economic uncertainties.

Market participants are now awaiting fresh economic data and central bank signals for clearer direction on interest rate trends and their impact on commodity prices.

Bengaluru, June 24: Deconstruct Skincare, the science-backed skincare brand built on its “Highly Effective, Yet Gentle” philosophy, has introduced its most scientifically formulated serum range yet, powered by superior liposomal technology. The launch marks a step forward in Deconstruct’s formulation approach, moving the conversation beyond ingredient percentages to how effectively actives are delivered and experienced by the skin.

The range has been developed with a clear skincare insight: while consumers today are more aware of active ingredients, consistent results depend just as much on formulation design, delivery and stability. To bring this thinking into the portfolio, Deconstruct worked with leading dermatologists including Dr. Rashi Soni, Dr. Anupriya Goel, Dr. Shivangi Rana, Dr Sanyogita Singh and Dr. Nirupama, who contributed clinical and formulation-led inputs across exfoliation, oil control, dark spots and brightening.

The portfolio includes ‘10% Brightening Vitamin C Serum’, ‘15% Bright + Glow Vitamin C Serum’, ‘Oil Control Niacinamide Serum’, ‘Dark Spot Clearing Serum’ and ‘Exfoliating AHA BHA PHA Serum’. It brings together upgraded consumer favourites and new formulations designed for everyday skincare needs, while staying true to Deconstruct’s promise of being highly effective, yet gentle.

At the core of the range is an advanced delivery system that uses microscopic lipid-based carriers to encapsulate actives and support their delivery deeper in the skin, where the concern actually begins. Rather than changing what the serums are meant to do, the upgrade improves how they perform on the skin with better absorption and stability of the actives.

Through this launch, Deconstruct strengthens its position among the few Indian skincare brands making liposomal delivery technology accessible through an active serum portfolio designed for multiple everyday skin concerns. It also reflects the brand’s larger approach to simplifying formulation science without diluting efficacy.

Speaking on the launch, Malini Adapureddy, Founder & CEO, Deconstruct Skincare, said, “For us, the decision to upgrade our serums with liposomal technology came from a simple but important insight: the active ingredient is only the starting point, what truly matters is how effectively it reaches the skin. It came through conversations across different contexts, from a dermatologist’s perspective, to learnings from pharmaceutical R&D in Switzerland, and observations at a global trade fair in Hong Kong, all pointing towards the same shift: delivery systems are becoming central to modern skincare. As an engineer and a founder, that was hard to ignore. With this range, we have reimagined how our serums deliver actives, helping trusted ingredients work more efficiently while keeping formulations gentle, practical and suitable for everyday use.”

As consumers become more informed about actives, ingredient stability and formulation formats, Deconstruct aims to bridge the gap between ingredient awareness and consistent results. The new serum range combines trusted actives, advanced delivery technology and dermatologist inputs, making it Deconstruct’s most scientifically formulated serum range yet.

June 24: India’s Account Aggregator (AA) ecosystem facilitated nearly 3.8 crore financial services in FY26, reflecting growing adoption of digital consent-based data sharing across the financial sector.

The framework enables secure exchange of financial information between institutions, helping banks, non-banking financial companies (NBFCs) and fintech firms streamline lending, improve credit assessment and simplify customer onboarding.

Industry experts say the rising usage of the AA system highlights India’s shift toward a more integrated and digital financial infrastructure, where data access is faster, safer and driven by user consent.

The ecosystem is also playing an important role in expanding financial inclusion by improving credit availability for individuals and small businesses, especially those with limited or informal credit histories.

With increasing participation from financial institutions and technology platforms, the Account Aggregator network is expected to scale further, supporting more efficient and transparent financial services in the coming years.

Experts believe the continued expansion of digital public infrastructure such as the AA framework will strengthen India’s financial ecosystem and enhance access to credit across the economy.

Vizhinjam, June 24: Adani Vizhinjam International Seaport has crossed a key milestone by handling 1,000 vessels, reflecting the rapid scale-up of India’s first deep-water transshipment port.

The achievement comes shortly after the port’s initial operations began, underscoring its fast ramp-up in cargo handling and increasing integration into global shipping routes.

Developed and operated by the Adani Group, the port is positioned as a strategic maritime gateway aimed at reducing India’s dependence on overseas transshipment hubs and strengthening the country’s presence in international trade logistics.

The growing vessel traffic highlights rising confidence among global shipping lines and improved operational efficiency at the facility. With its deep draft and proximity to major sea routes, Vizhinjam is steadily emerging as a key node in India’s maritime infrastructure network.

Officials noted that the milestone reflects the port’s accelerating role in improving container movement, reducing logistics turnaround time and enhancing coastal and international trade connectivity.

The development marks a significant step in India’s efforts to build world-class port infrastructure and strengthen its position in global shipping and logistics.

New Delhi, June 24: India’s total trade increased 5.4 per cent to reach $1.84 trillion in FY26, according to NITI Aayog, highlighting steady momentum in the country’s external sector.

The rise in trade was supported by stronger performance in both goods and services, driven by improving export competitiveness, resilient domestic demand and expanding global linkages.

Officials noted that India’s trade growth reflects continued progress in strengthening supply chains, improving logistics infrastructure and advancing policy reforms aimed at enhancing ease of doing business.

Despite a challenging global environment marked by uncertain demand conditions and shifting trade dynamics, India maintained stable growth in its external sector, supported by diversification of export markets and ongoing economic reforms.

The latest figures underline India’s growing role in global trade and its efforts to position itself as a key hub for manufacturing and services exports.

Going ahead, policymakers expect continued support from infrastructure upgrades, digital adoption and production-linked initiatives to further strengthen India’s trade performance.

Ahmedabad, June 24: Adani Group made a record investment of more than Rs 1.5 lakh crore in hard infrastructure during FY26, reinforcing its position as one of India’s largest private-sector investors and underscoring its long-term commitment to nation-building.

Addressing stakeholders, Chairman Gautam Adani said the Group’s consolidated portfolio revenue reached Rs 2.92 lakh crore in FY26, reflecting the scale and resilience of its diversified businesses spanning energy, transport, logistics, utilities and digital infrastructure.

Highlighting the company’s roadmap for the future, Adani outlined three foundational principles that will guide the organisation over the next decade. These include strengthening operational excellence, fostering innovation-led growth and building future-ready businesses capable of creating long-term value for stakeholders.

Adani emphasised that infrastructure and intelligence will be the two defining pillars shaping India’s rise as a leading global power. He noted that world-class physical infrastructure, combined with advancements in technology, artificial intelligence and data-driven capabilities, will play a critical role in accelerating economic growth and enhancing national competitiveness.

The record capital expenditure undertaken during FY26 reflects the Group’s focus on expanding strategic assets across ports, airports, renewable energy, transmission networks, logistics and other core sectors that support India’s development ambitions.

According to the Chairman, India is entering a transformative phase where investments in infrastructure, digital capabilities and innovation ecosystems will determine the pace of progress. Businesses that combine scale with technology-driven intelligence are expected to play a central role in this journey.

As the Group looks ahead, it remains focused on building globally competitive businesses while contributing to India’s aspiration of becoming a major economic and technological powerhouse in the coming decades.