Category: Business

  • ASMS Reports Strong FY26 Performance, Surpassing INR 100 Crore Revenue

    June 2: Avio Smart Market Stack Limited announced its audited financial results for the financial year ended March 31, 2026, reporting strong growth across revenue, profitability and business expansion initiatives.

    The Company reported Revenue from Operations of ₹103.96 crore in FY26, up from ₹40.04 crore in FY25, representing a year-on-year growth of approximately 160%. Profit After Tax (PAT) stood at ₹5.94 crore, up from ₹1.75 crore in FY25, reflecting a growth of over 240%.

    ASMS also achieved a positive net worth during FY26, marking a significant milestone in the Company’s ongoing transformation journey and strengthening of its financial position.

    The strong performance was driven by the continued expansion of the Company’s operating platforms, diversification across key business verticals, strengthening ecosystem partnerships and focused execution of its long-term growth strategy.

    FY26 marked a pivotal year for ASMS as the Company continued to evolve into a diversified platform spanning Financial Inclusion & Digital Services, Agri Supply Chain & Technologies, and Diagnostics & Healthcare.

    Among its operating segments, the Agri Supply Chain & Technologies vertical emerged as the Company’s largest revenue contributor during FY26, accounting for approximately 58% of total revenue. The growth reflects ASMS’ expanding footprint across the agricultural value chain and the successful scale-up of its agritech initiatives.

    The Company also continued to strengthen its Diagnostics & Healthcare business through strategic investments and ecosystem partnerships. As part of this effort, ASMS further expanded its association with Huwel Lifesciences, a Hyderabad-based molecular diagnostics company focused on indigenous diagnostic technologies and healthcare solutions.

    Commenting on the performance, Mr Nandaluru Vidhya Sagar Reddy, Managing Director, Avio Smart Market Stack Limited, said:

    “FY26 represents a defining year in the Company’s growth journey. Crossing the ₹100 crore revenue milestone, delivering strong profitability growth and achieving a positive net worth are important outcomes of the strategic direction we have pursued over the last few years. We have continued to strengthen our position in Financial Inclusion, built meaningful scale in Agritech and laid important foundations in Diagnostics & Healthcare. As we enter FY27, our focus remains firmly on execution, scale and creating sustainable long-term value for all stakeholders.”

    Looking ahead,

    ASMS plans further to scale its Agri Supply Chain & Technologies platform, expand its Diagnostics & Healthcare initiatives, strengthen its Financial Inclusion & Digital Services business and pursue strategic growth opportunities across its operating sectors.

    With a stronger operational and financial foundation established during FY26, the Company enters FY27 with a clear focus on accelerating growth across its core business verticals.

  • ASME Announces Acquisition of BSB Edge to Advance Global Access to Standards

    NEW YORK and NEW DELHI (June 2, 2026) — The American Society of Mechanical Engineers (ASME) today announced it has acquired BSB Edge Private Limited, a New Delhi, India–headquartered organization with more than 50 years of experience in the distribution of national and international standards that has been ASME’s third-largest standards reseller globally. The transaction includes the purchase of shares from BSB Edge’s founder and existing shareholders.

    The acquisition establishes BSB as an independently operated ASME subsidiary designed to expand access to standards, enhance customer value, and support the evolution of standards delivery in a rapidly changing global marketplace. This transaction advances ASME’s long-term growth strategy while strengthening its ability to serve members, customers, and partners worldwide.

    For more than five decades, BSB Edge has built a strong reputation for trusted service, long-standing customer relationships, and operational excellence across India and international markets in the Middle East and Asia. The organization serves a broad base of 20,000+ customers and more than 25 standards development organization (SDO) partners, including ASME, with a focus on reliability, professionalism, and responsiveness.

    BSB Edge will continue to operate independently, maintaining its established brand, leadership and customer relationships. Existing service models and partner engagements will remain unchanged, ensuring continuity and stability as the organization enters its next phase of growth. BSB Edge will continue to serve SDOs and customers with the same neutrality, professionalism, and trusted service that have defined the company for decades.

    ASME Announces Acquisition of BSB Edge to Advance Global Access to Standards

     

    “This is a strategic, long-term investment that strengthens ASME’s ability to deliver greater value to the global engineering community,” said ASME Executive Director and CEO Tom Costabile. “We have long respected the reputation, relationships, and expertise that BSB Edge has built. Through this strategic acquisition, we are expanding access to standards, deepening our understanding of customer needs, and creating a stronger platform for sustainable growth and innovation.”

    The acquisition supports ASME’s broader shift toward diversified, scalable revenue streams that reinforce its mission while increasing organizational resilience. By integrating BSB Edge’s market presence and operational expertise, ASME gains direct insight into customer demand, enabling the development of more relevant, responsive products and services.

    For customers and partners, the benefits are clear: expanded access to standards, improved efficiency in distribution, and enhanced opportunities for engagement across a growing global network. Over time, ASME and BSB Edge expect to explore opportunities to strengthen digital capabilities, improve customer experience, and expand reach into additional international markets.

    ASME Announces Acquisition of BSB Edge to Advance Global Access to Standards

     

    “This marks an important milestone in the history of BSB Edge,” said Founder and Managing Director Chirukandath Krishnan. “We are proud of the trust we have built with customers, SDO partners, and employees over the past 53 years. Joining ASME provides long-term stability while preserving the values, relationships, and service commitment that define who we are. Together, we see significant opportunities to grow, modernize, and better serve the global standards community.”

    Mr. Krishnan will remain actively involved in the company during a multi-year transition period to help ensure continuity and long-term success.

    The timing of the acquisition reflects alignment across market demand, customer needs, and ASME’s strategic readiness. By acting now, ASME is positioned to expand its global footprint, support long-term modernization, and strengthen how its codes and standards reach customers worldwide.

    BSB reinforces ASME’s commitment to quality, relevance, and innovation. It creates a platform for piloting new delivery models, digital solutions, and emerging technologies while safeguarding the Society’s core mission and operations.

    Customers, partners, and members can continue to engage with BSB Edge through existing channels. ASME will share additional updates over time as new capabilities, services, and opportunities for engagement are introduced.

  • Ice Make Reports Record Q4 Revenue of INR 256 Crore; FY Revenue Jumps 39 Percent to INR 668 Crore

    Hyderabad, June, 2: Ice Make Refrigeration Limited a  provider of industrial and commercial refrigeration solutions, announced its audited financial results for the quarter and full year ended March 31, 2026, reporting its highest-ever quarterly revenue of ₹255.85 crore in Q4 FY26, representing a 41.8% year-on-year growth, driven by the Company’s integrated cold chain platform strategy, expanding product portfolio, and strong demand across refrigeration segments.Ice Make Reports Record Q4 Revenue of INR 256 Crore; FY Revenue Jumps 39 Percent to INR 668 Crore

    For the full year FY26, consolidated revenue crossed ₹668 crore, growing 39.3% from ₹479.52 crore in FY25. The growth was broad-based, reflecting sustained order inflows across existing business categories and strong traction in emerging product categories including Continuous Panels, Chest Freezers, and Visi Coolers, alongside robust demand across the Company’s core refrigeration and cold chain solutions portfolio.

    The Board of Directors, at its meeting held on May 29, 2026, approved the standalone and consolidated financial statements and recommended a final dividend of ₹2.25 per equity share (22.5% on face value of ₹10 per share), subject to shareholders’ approval at the ensuing Annual General Meeting.

    Consolidated Financial Highlights (₹ in Crore, except EPS)

    Performance Highlights

    Q1 FY26

    Q2 FY26

    Q3 FY26

    Q4 FY25

    Q4 FY26

    FY25

    FY26

    Revenue

    111.50

    147.49

    153.36

    180.35

    255.85

    479.52

    668.20

    EBITDA

    4.53

    9.70

    10.04

    21.85

    21.77

    43.44

    46.04

    EBITDA Margin (%)

    4.06%

    6.6%

    6.5%

    12.1%

    8.5%

    9.1%

    6.9%

    PAT

    (-1.47)

    2.02

    1.45

    11.66

    10.12

    22.90

    12.13

    PAT Margin (%)

    (-1.3%)

    1.4%

    0.9%

    6.5%

    3.9%

    4.8%

    1.8%

    EPS (₹)

    (-0.90)

    1.28

    0.93

    7.42

    6.41

    14.65

    7.73

    Financial Highlights

    For the quarter ended March 31, 2026 (Q4 FY26), Ice Make reported consolidated revenue from operations of ₹255.85 crore, registering a robust 41.8% year-on-year growth over ₹180.35 crore reported in Q4 FY25. On a sequential basis, revenue grew by approximately 66.8% compared to ₹153.36 crore in Q3 FY26, reflecting strong order execution and the seasonal nature of the Company’s business.

    EBITDA for the quarter stood at ₹21.77 crore, broadly in line with ₹21.85 crore reported in Q4 FY25. EBITDA margin moderated to 8.5% from 12.1% in the year-ago period.

    Profit After Tax (PAT) for Q4 FY26 stood at ₹10.12 crore, compared to ₹11.66 crore in Q4 FY25, while Earnings Per Share (EPS) stood at ₹6.41 as compared to ₹7.42 in the corresponding quarter of the previous year.

    For the full financial year ended March 31, 2026 (FY26), Ice Make achieved consolidated revenue from operations of ₹668.20 crore, representing a strong 39.3% year-on-year growth compared to ₹479.52 crore in FY25.

    The Company reported EBITDA of ₹46.04 crore in FY26 compared to ₹43.44 crore in FY25, representing a growth of approximately 6.0% year-on-year. EBITDA margin stood at 6.9%, compared with 9.1% in FY25.

    FY26 consolidated PAT stood at ₹12.13 crore, compared to ₹22.90 crore in FY25, while EPS was ₹7.73, compared to ₹14.65 in the previous year.

    Profitability during FY26 was impacted by certain one-time and growth-oriented investments, including costs associated with capacity expansion initiatives, strengthening future-ready leadership and manpower capabilities, implementation of the notified Labour Code provisions, warehouse network expansion, brand-building initiatives, and expenses related to Energy Label transition and BIS regulatory compliance requirements.

    The moderation in operating margins was also attributable to investments in manufacturing capacity expansion, higher depreciation on newly commissioned assets, elevated finance costs, and organizational strengthening initiatives.

    Despite temporary pressure on profitability arising from strategic growth investments and regulatory expenses, the Company delivered record revenues during FY26 and remains focused on leveraging its expanded manufacturing capacity, strengthened leadership team, broader product portfolio, and growing market presence to drive long-term profitable growth.

    Management Commentary

    Chandrakant Patel, Chairman & Managing Director, Ice Make Refrigeration Limited, stated

    “FY26 has been a year of transformation and strategic investment for Ice Make. In line with the Make in India vision, we continued to invest in our manufacturing capabilities, product portfolio expansion, distribution network, market development initiatives, and leadership strengthening to position Ice Make as an end-to-end refrigeration products and solutions provider. 

    The strategic investments undertaken during the year, coupled with higher depreciation arising from newly commissioned assets, elevated finance costs associated with growth initiatives, and one-time costs related to the implementation of the new Labour Code, Energy Label transition, and other growth-centric programs, impacted profitability during the financial year.

    However, these investments have been undertaken with a long-term perspective and are aimed at strengthening our competitive positioning, enhancing execution capabilities, and creating a scalable platform for future growth. As utilization levels improve and recent investments begin to mature, we expect operating leverage to support profitability improvements over the medium term.

    With India’s cold chain, food processing, pharmaceutical, retail, and industrial refrigeration sectors continuing to expand, we believe the foundations laid during FY26 will support sustainable growth, improved operating leverage, and long-term value creation for our shareholders.”

    Mr. M. Srinivas Reddy, Chief Executive Officer, commented:

    “FY26 was a year of strong growth momentum, culminating in record revenue performance during both Q4 and the full financial year. All our businesses posted robust growth driven by healthy demand across food processing, cold chain, HoReCa, pharmaceutical, retail, and industrial refrigeration segments. The new business categories of Chest Freezers, Visi Coolers, and Continuous Panels received excellent market acceptance and are emerging as important growth drivers for the Company. The strong revenue growth achieved during the year reflects the strength of our business model, customer trust, product portfolio, and market opportunity. 

    We are making strategic investments in building future-ready capabilities and competencies to capitalize on the growing opportunities across the refrigeration value chain and drive sustainable growth, profitability, and customer delight.

    We remain focused on operational excellence, expanding our market presence, enhancing brand visibility and customer engagement, and delivering sustainable value to customers, shareholders, employees, and all stakeholders.”

  • Chef’s Cuts Celebrates Five Years as Hong Kong’s Premier Meat Specialist with Masterful Dry Aged Steaks and Sensational Scallops

     

     Chef's cuts

     

    Anniversary campaign swings to the lively summer beat, presenting acoustic Thursdays and star bartenders

    June 2, Hong Kong: Chef’s Cuts, Hong Kong’s premier meat specialist, celebrates its fifth anniversary with a vibrant showcase of craft, flavour and community. From its first home at Gold Coast Piazza in 2021 to four thriving outlets across the city, the brand has evolved into a trusted destination defined by hearty gastronomic dining, rustic warmth and sustainable values. To mark the milestone, a four‑month summer campaign runs from 4 June to 30 September 2026, featuring masterful cuts of dry‑aged beef, a five‑sauce sensational scallop odyssey, vivid encounters with guest bartenders and lively weekly acoustic sessions.

    THE ART OF AGEING – MONTHLY RIBEYE REVELATIONS

    Chef’s Cuts places its acclaimed meat expertise at the heart of the anniversary menu, presenting a series of magnificent monthly ribeye steaks. Each exquisite cut is carefully selected from premium US Black Angus cattle prized for their exceptional marbling and meat‑to‑fat ratio. In a meticulous dual‑stage ageing ritual, the beef is first dry‑aged for 12 days to tenderise the muscle fibres, then steeped in rendered beef fat and returned to the air‑drying cabinet for another dozen days. This method allows natural oils to permeate the meat, intensifying its richness and depth.

    The anniversary parade of premium beef begins on 4 June 2026 with Korean Gochujang Dry Aged Black Angus Ribeye (HK$398, 300g), where Korean spicy sweetness meets the savoury goodness of dry-aged beef. A gochujang paste of red chilli powder, glutinous rice, fermented soybeans, salt and barley malt infuses the ribeye during dry-ageing, heightening its beefiness without overpowering the meat. Mild heat cuts through rich fat, and each juicy, marbled bite unveils umami complexity that requires no additional seasoning.

    In July, Black Garlic Dry Aged Black Angus Ribeye (HK$398, 300g) takes centre stage in a tantalising union of dry-aged beef intensity and caramelised garlic. Weeks of controlled heat and humidity mellow raw garlic cloves into a sweet, balsamic molasses‑like mash, which is then folded into the ribeye’s fat‑aged crust. This enriches the savoury power of the marbled meat while tempering the gamey pungency characteristic of dry-ageing. Each bite lingers on the palate with tender texture and garlicky umami taste.

    August welcomes Herb Pesto Dry Aged Black Angus Ribeye (HK$398, 300g), a rich, beefy indulgence lifted by verdant green sauce. The ribeye’s fat‑aged crust is coated with a pesto combining basil, parsley, chives, oregano, rosemary, garlic, olive oil and Parmesan. Herbal brightness and garlicky nuance seep into the intramuscular fat, balancing ageing notes redolent of cheese with the pesto’s nutty flavours. The juicy depth of the beef is sharpened by aromatic freshness and enhanced umami.

    Chef's cuts

     

    Sake Kasu Dry Aged Black Angus Ribeye (HK$398, 300g) honours Chef’s Cuts’ anniversary in September. In a time-honoured Japanese process similar to the koji method of treating meat, the beef is enriched during ageing by the creamy lees (kasu) left over when fermented rice mash is pressed to make sake. The result is a steak of gentle sweetness and fruity umami with a clean, elegant finish and a hint of rice wine. This balance of richness and refinement perfectly highlights the restaurant’s birthday celebration.

     

    HIGH FIVE – SCALLOP ODYSSEY ACROSS FIVE SENSATIONS

    Renowned for fresh seafood selections as well as premium meat, Chef’s Cuts pays tribute to five years of serving flavourful scallops with the Scallop Odyssey – Sailing Across Five Sensations (HK$188). This five‑sauce tasting journey features fine Seared Scallops from Hokkaido paired with decadent Purées: Green Pea with apple, mint, shallot and edamame bathes the oceanic delicacy in bright, savoury sweetness; Peruvian-style Pumpkin Aji Amarillo with corn, coriander, chilli and orange promises sweet, spicy brininess; Salted Egg Potato with cauliflower, cashew and chilli oil imparts nutty richness; Black Garlic with pickled mushroom, mustard seed and truffle oil delivers deep umami; and Smoked Paprika Beetroot with radish and balsamic boasts a smoky, crispy earthiness. Appealing to every palate, these five scallop sensations showcase the restaurant’s inventive seafood artistry.

    ANNIVERSARY SPIRIT – LIVE ACOUSTIC SESSIONS & CURATED SIPS

    From 4 June to 31 August 2026, Chef’s Cuts curates a vibrant programme of mixology and live music at its AIRSIDE and THE SOUTHSIDE branches. Every Thursday (except 2 July) is party night, as the venues rock with weekly acoustic sessions (June and August at AIRSIDE from 6:30 p.m. to 9:30 p.m.; July at THE SOUTHSIDE from 6:00 p.m. to 9:00 p.m.), headlined by a quartet of guest bartenders – Jason Lui, Hueson Chu, Walker Wong and Frankie Leong – on 4 June (AIRSIDE), 9 July (THE SOUTHSIDE) and 6 August (AIRSIDE).

    Partnerships with three leading drinks suppliers – Jebsen Wines & Spirits in June, Telford International Company Limited in July and Metabev Hong Kong in August – see premium global spirits poured, from Hendrick’s gin and Monkey Shoulder whisky, to Bacardi, Cointreau and Grey Goose vodka, to Diplomático rum, Gin Mare and Nikka whisky.

    Jason Lui and Hueson Chu

    Sunset Spritz

    Golden Crumble

    Pink Botanica

    June’s cocktails of the month, created by Jason Lui and Hueson Chu, include the Hendrick’s gin-led duo of Sunset Spritz (HK$128), with Cointreau, Prosecco and mango and passionfruit tea, and Pink Botanica (HK$118), featuring rose and hibiscus syrup topped with tonic water. Golden Crumble (HK$108) is a malt whisky wonder blending Monkey Shoulder, Frangelico liqueur and apple crumble foam. Talented cocktail architects, enticing sips and soulful live music combine for an upbeat summer that underscores the anniversary revelry.

    Spanning four outlets across Hong Kong, Chef’s Cuts continues to redefine all‑day dining with hearty meats, fresh seafood, wholesome salads, luscious pastas, Catalan flatbreads and innovative baked desserts, all crafted from sustainably sourced ingredients. With its rustic elegance and warm, convivial atmosphere, the brand invites guests to celebrate five years of passion, flavour and togetherness through an anniversary campaign, creating memorable experiences that resonate with loyal patrons and newcomers alike.

    Chef’s Cuts Hong Kong locations and contacts:

    Chef’s Cuts Tuen Mun

    Address: Shop 11-12, G/F, Gold Coast Piazza,

    1 Castle Peak Road, Tuen Mun, Hong Kong

    Phone: (852) 2511-1971

    WhatsApp: (852) 9491-5467

    Opening Hours: 12 noon to 10:00 p.m.

    Chef’s Cuts Central

    Address: Shop G01-G03, G/F, Central Market,

    93 Queen’s Road Central, Central, Hong Kong

    Phone: (852) 9574-4254

    WhatsApp: (852) 9574-4254

    Opening Hours: 11:00 a.m. to 10:00 p.m.

    Chef’s Cuts Kai Tak

    Address: Shop 201, 2/F, AIRSIDE,

    2 Concorde Road, Kai Tak, Kowloon, Hong Kong

    Phone: (852) 5965-0594

    WhatsApp: (852) 5965-0594

    Opening Hours: 12 noon to 10:00 p.m.

    Chef’s Cuts Wong Chuk Hang

    Address: Shop 229-230, 2/F, THE SOUTHSIDE,

    11 Heung Yip Road, Wong Chuk Hang, Hong Kong

    Phone: (852) 2117-0613

    WhatsApp: (852) 9325-8607

    Opening Hours: 12 noon to 10:00 p.m.

     

     

  • Garden Café Celebrates World Environment Day with a Sapling Giveaway for Environmental Contributors

    Garden Café Celebrates World Environment Day with a Sapling Giveaway for Environmental Contributors

    Kolkata, June 02: This World Environment Day, Garden Café is extending its love for all things green beyond its premises. As part of the celebration, Garden Café will give away saplings to environmental contributors, encouraging a small but meaningful step towards a greener future. 

    The initiative reflects Garden Café’s belief that caring for the environment often begins with simple everyday actions. While the sapling serves as a reminder to nurture nature at home, sustainability remains an ongoing practice at Garden Café throughout the year.  

    Among its regular initiatives, is a responsible food waste management system. All food waste generated at the café is sent to piggeries, ensuring it is put to productive use rather than being discarded in landfills. The vegetarian practice supports a more mindful approach to environmental impact.

    Through the sapling giveaway and its ongoing waste reduction efforts, Garden Café continues to believe that sustainability is best practiced quietly, consistently and one thoughtful step at a time.

    World Environment Day message for all on behalf of the Founder, Garden Café, Mr. Sandip Nowlakha – “Our planet doesn’t need perfect people — it needs people who care. This World Environment Day, let’s do one small thing: plant a tree. Because there’s no other Planet for us.”

  • From Bhadohi Carpets to Global Carts: Uttar Pradesh Emerges as India’s Next Big E-commerce Export Engine

     
    Lucknow, June 02: Uttar Pradesh is rapidly emerging as one of India’s most significant growth markets for cross-border ecommerce exports, with thousands of MSMEs, manufacturers, artisan-led enterprises, and traditional industry clusters increasingly leveraging digital marketplaces to access customers globally.
     
    This transformation is being driven by the scale and diversity of Uttar Pradesh’s manufacturing ecosystem, rising digital adoption among MSMEs, strong policy support under the Uttar Pradesh Export Promotion Policy 2025–2030, improving infrastructure, and growing collaboration between government institutions, industry bodies, logistics providers, and ecommerce platforms.
     
    Uttar Pradesh has emerged as one of India’s fastest-growing export-driven states, with MSMEs playing a pivotal role across traditional industries, manufacturing clusters, handicrafts, food processing, textiles, leather, engineering goods, and ODOP products. State exports have grown from nearly ₹86,000 crore in 2017-18 to around ₹1.86 lakh crore, supported significantly by MSMEs and ODOP initiatives.
     
    The Government of Uttar Pradesh has introduced progressive measures including the Export Promotion Policy 2025-30, export incentives, logistics support, digital onboarding assistance, and ecommerce facilitation for small exporters. Ecommerce platforms like Amazon are enabling MSMEs, artisans, and startups to directly access global buyers, overcome geographical barriers, and expand cross-border trade. Combined with infrastructure development and policy support, digital commerce is helping transform Uttar Pradesh into a major manufacturing and export hub.
     
    More than 25,000 sellers from Uttar Pradesh have already enrolled in global ecommerce export programmes such as Amazon Global Selling, reflecting the growing export readiness of MSMEs and artisan-led businesses across the state. Through digital commerce platforms, sellers are reaching customers across the United States, Europe, the Middle East, and other international markets that were once accessible primarily to large-scale exporters.
    For a carpet weaver in Bhadohi, a brassware manufacturer in Moradabad, a chikankari entrepreneur from Lucknow, or a sports goods manufacturer from Meerut, the ability to directly sell products to global consumers represents a transformational shift in the export ecosystem.
     
    The Indian Industries Association is also working as a bridge between traditional export clusters and the Government of Uttar Pradesh to support policy alignment and export growth. Strong international demand is being witnessed across MSME-led sectors including carpets and rugs from Bhadohi and Mirzapur, silk from Varanasi, leather products from Kanpur, chikankari from Lucknow, brassware and handicrafts from Moradabad, locks from Aligarh, garments from Noida, sports goods from Meerut, precision engineering products from Ghaziabad, wooden furniture from Saharanpur, as well as zari-zardozi, food processing products, ceramics, terracotta items, decorative products, and other traditional manufacturing categories.
     
    Uttar Pradesh’s One District One Product (ODOP) programme is also emerging as one of the largest untapped opportunities in India’s ecommerce export landscape. Of the state’s 75 ODOP districts, nearly 40 already possess products with significant potential to scale through digital exports.
     
    The growing scope for exports through ecommerce is being driven by Uttar Pradesh’s unique combination of traditional craftsmanship, large-scale MSME manufacturing capacity, improving digital infrastructure, skilled workforce, strategic connectivity, and policy-led industrial development. Expanding access to global marketplaces is enabling enterprises from tier-2 and tier-3 cities to participate directly in international trade without relying entirely on traditional export intermediaries.
     
    Industry stakeholders believe sectors such as handicrafts, carpets, textiles, leather products, home décor, processed foods, engineering goods, sports goods, ODOP products, and women-led enterprises possess immense untapped export potential. Growing technology adoption, stronger logistics and warehousing networks, dedicated freight infrastructure, export facilitation measures, and increasing trust in India-made products are creating significant opportunities for Uttar Pradesh to emerge as a leading global sourcing and ecommerce export destination.
     
    India’s MSME sector remains central to the country’s manufacturing base, employment generation, and export potential. However, despite the expansion of digital commerce, many MSMEs remain underrepresented in global trade due to fragmented logistics, compliance complexities, limited export readiness, gaps in market intelligence, packaging and quality standardisation challenges, and limited digital discoverability.
     

    From Bhadohi Carpets to Global Carts: Uttar Pradesh Emerges as India’s Next Big E-commerce Export Engine

     

    Commenting on the growing opportunity, Shri Dinesh Goyal, National President, Indian Industries Association, said: “Uttar Pradesh today has the scale, manufacturing strength, artisan ecosystem, infrastructure growth, and policy support required to emerge as a leading national hub for ecommerce exports. Digital commerce is helping democratise exports by connecting small businesses and local manufacturers directly with global consumers.”
    Appreciating the efforts of the Government of Uttar Pradesh, he further stated: “The proactive policies of the Government of Uttar Pradesh, industry-friendly governance, improved infrastructure, investor-focused reforms, and a safe business environment have significantly strengthened industrial confidence and positioned Uttar Pradesh among the most preferred destinations for industries, manufacturing, and exports.”
    Highlighting the broader export opportunity, Shri Goyal added: “The Uttar Pradesh Export Promotion Policy 2025–2030, combined with ODOP, logistics improvements, and digital enablement initiatives, can unlock transformational export opportunities for thousands of MSMEs, startups, women entrepreneurs, and artisans across the state.”
     
    Industry stakeholders believe that with increasing digital integration, stronger logistics infrastructure, policy support, and rising international demand for India-made products, Uttar Pradesh is well-positioned to become a major driver of India’s next phase of export-led growth through digital commerce.
     
    Shri Goyal further stated that continuous dialogue between industry and government remains essential for strengthening ease of doing business and export competitiveness. The Association has submitted recommendations to the Government on several industry-related challenges, including the West Asia crisis, war-related global disruptions, implementation of Central Labour Codes, tariff concerns, alternate power availability, green energy transition, mandi shulk, logistics efficiency, and supply chain resilience. Timely policy support and industry-oriented reforms in these areas will further strengthen Uttar Pradesh’s position as a reliable manufacturing and ecommerce export hub while ensuring efficient supply chains for global trade and exports.
  • How Meghalaya Rewrote Its Health Story in Eight Years: A Glance at What the NFHS-6 Numbers Reveal About a State That Decided Not to Wait

    The Mountains Are Moving

    How Meghalaya Rewrote Its Health Story in Eight Years

    A glance at what the NFHS-6 numbers reveal about a state that decided not to wait.

    There is a particular kind of progress that does not announce itself loudly. It does not arrive as a ribbon-cutting or a single triumphant statistic. It accumulates quietly, one institutional birth at a time, one fully immunised child at a time, one young woman who finishes school instead of marrying at seventeen, until one day a national survey holds up a mirror and the change is undeniable. That is the story the sixth National Family Health Survey (NFHS-6, 2023-24) talks about Meghalaya. And it is a story worth telling honestly, because the honest version is more impressive than the inflated one.

    Consider where the state began. For decades Meghalaya carried the twin burdens common to India’s hilly, sparsely connected frontier states: a high maternal mortality rate, fertility well above the national average, and child nutrition indicators that consistently trailed the rest of the country. The terrain itself was an adversary, villages folded into valleys that a single monsoon could cut off, health centres a half-day’s walk from the families who needed them. Against that backdrop, the NFHS-6 results are not just good news. They are evidence of a deliberate, sustained turning of the wheel.

    The numbers that matter

    Start with fertility, the indicator that has long defined Meghalaya’s demographic challenge. The Total Fertility Rate fell from 2.9 children per woman in 2019-21 (NFHS 5) to 2.2 in 2023-24 (NFHS 6), a 24.1 per cent decline that is the steepest fertility reduction of any state in India. Teenage pregnancy dropped by more than a third, from 7.2 to 4.6 births per thousand adolescent girls. Child marriage rate reduced by 18.3%. These are not abstract demographic curves; they are thousands of girls whose futures widened.

    The gains in maternal and newborn care are just as striking. Data from NFHS 5 and NFHS 6 clearly demonstrates the change. Institutional births rose from 58.1 to 65.6 per cent, and crucially, more of those deliveries are happening in public facilities, the share climbing from 49.1 to 55.7 per cent, a sign that families increasingly trust the government system rather than being forced toward costly private care. Deliveries attended by a skilled health worker climbed to 70.9 per cent. On the pace of improvement in both institutional delivery and skilled attendance, Meghalaya ranks among the top two or three states in the country. Full immunisation of young children leapt from 64 to 75.3 per cent, again, one of India’s fastest gains. The proportion of expectant mothers taking iron-folic-acid supplements for the recommended hundred days rose by nearly half.

    And then there is the figure that should give every reader pause: spousal violence against ever-married women fell from 15 per cent to 5.9 per cent, a 60 per cent reduction in eight years. A society does not move a number like that by accident.

    None of this means the work is finished. Meghalaya’s child stunting that has seen a 20.9% improvement between the period 2019-21 to 2023-24, still stands at 36.8 per cent, its unmet need for family planning, the worrying dip in children receiving an adequate diet, and very high tobacco use among men all remain stubborn challenges. Thus, the honest reading of NFHS-6 is that Meghalaya is one of India’s fastest-improving states even though its absolute levels still sit in the lower band nationally. It is a story of rapid catch-up, not yet of arrival, and that is precisely why the trajectory matters more than any single rank.

    Why the curve bent

    Progress at this scale is rarely the product of a single scheme. What distinguishes Meghalaya’s approach is that the state government chose to treat health not as a department’s problem but as a whole-of-government project, and, just as importantly, as a partnership with the communities themselves.

    The foundation was laid with the Meghalaya Health Systems Strengthening Project, a multi-year effort to rebuild the bones of the public health system: better-equipped facilities, stronger referral chains, and a relentless focus on data. Out of it grew the MOTHER programme – Measurable Outcomes in Transforming the Health sector through a holistic approach with a focus on women’s Empowerment, which used a mobile application to register and track at-risk pregnancies in real time, so that a mother in a remote village became visible to the system rather than invisible to it. Layered on top was the Rescue Mission, an explicitly multisectoral effort that pulled the Departments of Health, Social Welfare, and Community & Rural Development into the same room to attack the social causes of poor maternal outcomes, not just the clinical ones.

    Some of the most effective innovations came from the ground up. SHG-run transit homes, modest community-managed lodgings near health facilities, solved one of the most intractable problems of mountain geography: how does a pregnant woman from a road-less village reach a hospital before labour, not during it? By giving her somewhere to stay in the days before delivery, these homes converted intention into safe, institutional childbirth. The same self-help-group networks, federated through the State Rural Livelihoods Mission, became the carriers of nutrition awareness, agri-nutrition gardens, and behaviour change, a model credited with a sharp fall in severe acute malnutrition cases in the areas it reached.

    On the demand side, the Megha Health Insurance Scheme, now in its fifth phase and offering cashless cover of up to ₹5.3 lakh per family, integrated with the national Ayushman Bharat–PM-JAY, removed the financial terror that once kept families away from hospitals altogether. The newer CM Care+ scheme extends a safety net for the catastrophic, high-cost treatments that fall beyond even that ceiling. When a family knows that a complicated delivery or a sick newborn will not bankrupt them, the decision to seek institutional care becomes far easier.

    Most recently, the government has trained its sights on the one battle it has not yet won: child nutrition. The Mission 1000 Days programme, built around the now-well-established science that the window from conception to a child’s second birthday largely determines lifelong health, channels nutritional support, mother-and-child kits, frontline-worker training, and community interventions into that critical period. Its companion “003” agenda, zero maternal deaths, zero unimmunised children, and healthy growth for every child in the first 1,000 days, has drawn praise from UNICEF for its community-partnership design. It is the logical next chapter: having moved the needle on access to care, Meghalaya is now going after outcomes.

    A model worth watching

    What ties these efforts together is a philosophy the state’s leadership has articulated plainly that lasting development comes from long-term human-development systems rather than isolated welfare announcements. It is an unfashionably patient idea in an age of quick wins, and the NFHS-6 data suggest it works. Build the institutions, trust the community workers, use the technology to make the invisible visible, remove the financial barriers, and then hold the course across electoral cycles.

    Meghalaya has not solved every problem; no honest account would claim otherwise, and the stunting and family-planning gaps are real summons to keep going. But it has demonstrated something that more prosperous states often struggle to achieve; that a frontier region with difficult terrain and tight resources can post some of the country’s fastest improvements in the indicators that decide whether mothers survive childbirth and whether children grow up healthy. Eight years ago, that would have read as aspiration. NFHS-6 has turned it into evidence.

    The mountains, it turns out, can be moved. Meghalaya is showing how, one mother, one child, one village at a time.

    Data source: National Family Health Survey (NFHS-5: 2019-21 and NFHS-6: 2023-24), International Institute for Population Sciences, Mumbai. Programme details drawn from Government of Meghalaya health and rural-development initiatives as reported in 2025–2026.

  • Launch of Flixora – democratising movie streaming and distribution

    Flixora, the new platform designed to democratise movie streaming and distribution launches on Monday 1st June 2026.

     

    Flixora is designed to help filmmakers, studios and content owners distribute and monetise their movies globally and instantly. Creators do not need to have millions of followers before seeing an income, as they do on other platforms. Small filmmakers can get payment and recognition for their work, instead of the industry being monopolised by big studios and those with a name already.

    The platform will enable creators to upload, manage, market and sell their content directly to audiences, without relying on traditional gatekeepers or complex distribution networks.

    Flixora focuses on simplifying movie distribution for independent filmmakers and emerging creators who often struggle with limited access to global streaming platforms, high distribution costs, low visibility and restricted monetisation opportunities. By providing a direct-to-audience streaming infrastructure, Flixora allows creators to retain control over their content, pricing, audience reach and revenue generation.

    The platform also helps filmmakers, production companies and distributors looking for a more accessible and scalable way to reach international viewers.

    At the same time, it offers audiences access to a broader and more diverse catalogue of films, including independent cinema, regional productions, and underrepresented stories that may not appear on mainstream streaming services.

    How it works for the creators

    For movie makers, the process is remarkably straightforward. For a nominal fee of $100* per month you can start adding your movies to Flixora. The fee covers as many films as you want to upload.

    All movies are reviewed by the team and, upon approval, are uploaded for end users to stream. The review process ensures quality standards are maintained. If a filmmaker fails to get approval for their movies the $100 is refunded.

    The quality of the films streaming on Flixora is paramount, meaning that creators can rest assured they are not getting drowned out by substandard content that also deters viewers. Movies must be original and can only be submitted by the creator.

    There is scope for a wide variety of content, as long as the films are over 30 minutes long. Fiction can include any genre and any format, and factual films can include documentary style or practical tips-based material. Music is expected to be a significant section of content. The chief limitation is no pornographic content or anything illegal.

    Producers are also offered the choice of countries where they wish viewers to have access to their movie streams, and the site will even provide projected earnings. Those earnings all go directly to the filmmaker, with no cut taken by Flixora, up to a limit of $1 million.

    How it works for the viewer

    Flixora offers unique design and user experience. Users can search by genre or subject and the search facility includes voice command. You can even search by release date. Just ask “show me all the movies launched on 1st June”, for example, and a list will appear.

    Because there is a minimum length of 30 minutes and all films are reviewed by Flixora to ensure they are high quality, there is not an overwhelm of choice or substandard content that you have to plough through to get to what you enjoy watching.

    For viewers the price point is, once again, a winning feature. In the free model, you can pay as you watch with a single movie costing just $1 per session. Alternatively, you can select a premium user status for just $5a month, with unlimited access.

    Uniquely, premium users can invite friends to watch movies with them wherever they are, and they can watch together in real time, with friends paying just $1 each. The premium user can stop and start the movie in real time and fellow watchers will stop and start with them. So, they can all go and top up their drinks and grab popcorn at the same time, or stop to discuss what they are watching.

    The aim for both producers and viewers is to democratise movie making and viewing, making it accessible to anyone and everyone.

    From 1st June there will be approximately 30 movies, all of them originals, available to stream and Flixora’s projections show that those numbers will grow fast.

    Martins Osuofia, Founder of Flixora said: “Flixora isn’t trying to replicate the traditional streaming model and compete on that level. We’re creating a brand new structure for global film distribution, one built around accessibility, creator ownership and direct audience reach.”

    Andrew Stevens, writer and producer of ‘The incredible true story of 100 dates in Dallas’ said: “Flixora’s model reduces barriers to entry in the entertainment industry by giving creators such as myself the tools needed to distribute content professionally through a digital-first platform. I am very excited at the prospective opportunities to connect directly with global audiences and to earn directly from day one.”

  • Geopolitical Tensions and Inflation Concerns Point to RBI Rate Pause Amid Housing Market Pressures

    Geopolitical Tensions and Inflation Concerns Point to RBI Rate Pause Amid Housing Market Pressures

     

    By:- Mr. Umesh Gowda H A, chairman and founder of Sanjeevini Group
    With the prolonged geopolitical tensions in West Asia continuing to exert pressure on global commodity prices and currency markets, inflationary risks have once again come to the forefront. In such a scenario, the RBI is likely to adopt a cautious approach and maintain a status quo on policy rates until there is greater clarity on the inflation and growth trajectory.

    For the housing sector, rising construction costs is beginning to put pressure and will lead to gradual price increases. Aggravated by cautious investor sentiment in the short term, housing sales may see some softening. However, in view of this, as developers innovate with ticket sizes to maintain affordability, a stable interest rate environment would be positive for home loan borrowers.

  • Vinod Intelligent Cookware Leverages Creator-Led Phygital Experiential Showcase in Pune for Its Ceravit Range

    Vinod Intelligent Cookware Leverages Creator-Led Phygital Experiential Showcase in Pune for Its ‘Ceravit’ Range

    Pune, June 01: Vinod Intelligent Cookware successfully hosted “Hue Are You In The Kitchen?”- an experiential showcase for its premium Ceravit ceramic cookware range on May 28th at Trooh, Pune. Held in collaboration with Chef Nehal, the event brought together 70+ Pune-based content creators, food enthusiasts, and lifestyle influencers for an immersive evening celebrating cooking, colour, and self-expression. Following the successful market launch of Ceravit in March 2026, the Pune showcase marked the brand’s next phase of engagement, transforming product awareness into a tangible, community-driven experience.

    Official Event Aftermovie links: 

    https://www.youtube.com/shorts/DkhazHw8Fl0
    https://www.instagram.com/reel/DY_5Hxsu0_J/

    Conceptualised as an interactive personality-led activation, the event invited attendees to discover which Ceravit cookware colour best reflected their kitchen personality: Ceragreen, Washed Stone, or Desert Rose. The experience featured Chef Nehal-led live cooking sessions, hands-on product trials, curated creator engagement moments, and a sensory brand environment designed around colour, food, and modern kitchen aesthetics. Throughout the event, Vinod Intelligent Cookware highlighted Ceravit’s key features, including its ceramic non-stick coating free from PTFE and PFOA, superior heat distribution, durability, versatility across cooking surfaces, and a premium, design-led appeal tailored for today’s health-conscious consumers.

    Creators’ content links: 

    Chef Nehal: https://www.instagram.com/p/DY_y3zyAtpc/
    Priya Haridas: https://www.instagram.com/p/DY6N2vMiISF/
    Solanki Bhowmik: https://www.instagram.com/reels/DY6ItPYNIJF/
    Muskan Jha: https://www.instagram.com/reels/DY9PdthyBUV/
    Organic Brownie: https://www.instagram.com/reels/DZABFE3iN9y/

    Speaking about the event, Sunil Agarwal, Managing Director, Vinod Cookware India Pvt Ltd, said, “The response to Ceravit since its launch has been incredibly encouraging, especially among consumers seeking cookware that combines health, performance, and aesthetics. With ‘Hue Are You In The Kitchen?’, we wanted to create a more meaningful and emotional interaction with the brand, one that goes beyond functionality and allows consumers to experience Ceravit as an extension of their personality and lifestyle. Pune, with its vibrant creator and premium consumer community, was the ideal city for this experience.”

    Sharing his thoughts on the collaboration, Chef Nehal, Digital Ambassador for Vinod Cookware, said, “What made this event truly special was how naturally it connected cooking with personality and self-expression. Unlike conventional product showcases, this experience encouraged people to connect with the cookware they use every day, emotionally. From live cooking to hands-on interactions, the energy throughout the evening was warm, engaging, and deeply authentic.”

    The Pune showcase builds on the strong momentum generated by Ceravit’s launch earlier this year. Further, it strengthens Vinod Intelligent Cookware’s experiential engagement approach following the success of “Cook With SAS Pro” hosted by Chef Nehal in Mumbai in February this year. Continuing its focus on immersive, community-led brand experiences, Vinod aims to deepen Ceravit’s positioning within the premium cookware segment through a phygital strategy that blends on-ground activations with strong creator-led digital amplification across key Indian cities in the coming months.