Category: Business

Bhubaneswar, May 30: Shreyas WebMedia Solutions Pvt. Ltd. participated in an interactive session with Shri Smruti Ranjan Pradhan, IAS, Chief Executive Officer, Startup Odisha, Government of Odisha, held on May 29, 2026, at the IDCO Conference Hall, 5th Floor, IDCO Towers, Janpath, Bhubaneswar. The programme was jointly organized by World Trade Center (WTC) Bhubaneswar and Startup Odisha, bringing together entrepreneurs, startup founders, business leaders, innovators, and industry stakeholders to deliberate on the growth and future of Odisha’s entrepreneurial ecosystem.

The session served as an important platform to familiarize participants with the initiatives and interventions undertaken by Startup Odisha to promote innovation, encourage entrepreneurship, and strengthen the state’s startup ecosystem. Discussions focused on government policies, startup funding opportunities, incubation support, innovation-led business development, and strategies for positioning Odisha as a leading destination for startups and emerging enterprises.

Addressing the gathering, Shri Smruti Ranjan Pradhan shared insights into the evolving startup landscape in Odisha and highlighted the support mechanisms available to entrepreneurs at various stages of their journey. Emphasizing the importance of collective efforts in building a vibrant entrepreneurial ecosystem, he stated, “A thriving startup ecosystem cannot emerge in isolation; it requires collaboration, incubation, and a strong foundation of education.”

He further underscored the need to nurture innovation from an early age, strengthen incubation infrastructure, and create an enabling environment where young entrepreneurs can transform ideas into sustainable enterprises. The discussions also explored emerging opportunities in sectors such as manufacturing, agritech, and technology-driven businesses, which are expected to play a significant role in Odisha’s economic growth.

Dr. Ashwini Kumar Rath, CEO, Batoi Systems, attended the programme as the Chief Guest, emphasizing the importance of stronger partnerships among industry, startups, academia, and government institutions in driving innovation-led growth. 

He highlighted that a collaborative ecosystem is essential for nurturing entrepreneurship, accelerating technological advancement, and creating sustainable opportunities for emerging enterprises. Dr. Rath further stressed that continuous knowledge-sharing, mentorship, and strategic partnerships will play a crucial role in accelerating Odisha’s journey towards becoming a leading innovation hub and contributing to the state’s long-term economic development.

Representing Shreyas WebMedia Solutions Pvt. Ltd., senior management team Ms. Bhumika Lenka  and Ms. K. Puspa attended the event. The representatives actively engaged in the interactive discussions and networking sessions, gaining valuable insights into entrepreneurship, startup development, innovation ecosystems, and emerging business opportunities within the state.

The programme facilitated meaningful exchanges between government officials, industry experts, entrepreneurs, and startup stakeholders, fostering dialogue on collaboration, innovation, and ecosystem development. The interactive format enabled participants to share perspectives, seek guidance, and explore potential partnerships that can contribute to Odisha’s growing startup landscape.

The event reinforced Odisha’s commitment to building a robust innovation ecosystem and empowering entrepreneurs through policy support, mentorship, incubation, and access to growth opportunities. It also highlighted the collective efforts being undertaken to realize the vision of a progressive, innovation-driven, and economically prosperous Odisha.

For decades, offices were designed to enhance productivity: linear desk stations, structures, and spaces designed to optimize functionality rather than emotional and psychological well-being. Today, such a concept sounds prehistoric.  

The new offices are being designed to be spaces that are far more effective, spaces that integrate productivity and comfort, performance and personality, and work and lifestyle.  

TOA, one of India’s leading design-first architecture firms working with leading Fortune500 Companies highlights five factors that are transforming the concept of what a Grade A office space truly feels like: 

The Rise of Experience Led Workplaces:

Modern offices are evolving and are so thoughtfully designed that they hardly seem like offices anymore! The latest trend in office design is about creating and building spaces of ‘hospitality-inspired design,’ spaces that are inviting, warm, and functional, and also user-friendly! The basic idea behind this is that comfort is what drives engagement and participation! This is why offices are not just evolving beyond functionality; they’re evolving beyond experience! 

Flexibility Is the New Fundamental of Design

As flexibility continues to change and shape the nature of work, the very purpose of workplaces is also evolving and being rewritten and redesigned. Large flexible floor plates and flexible spaces allow offices to change seamlessly throughout the day. These spaces, which offer collaborative spaces and quiet pods, are designed to put choice and flexibility first in how people work. 

Most importantly, effective space planning is about allowing employees to move seamlessly between activities- during brainstorming, collaborating or for a simple unwind. Ideally, this shift isn’t just about design trends, it is about designing for human centric behaviour and work patterns. 

Bioclimatic and Biophilic Office Design For the Win

The climate change in India has influenced the way offices are designed. Energy efficiency, heat, AQI, and sustainability have become a necessity rather than a marketing tool. Contemporary office space design depends on bioclimatic design, ventilation design, natural light design, and natural cooling design.  

Technology has been at the forefront in today’s world. Traditional office space has been associated with the 9-to-5 routine. However, in terms of office design, traditional office space has been shifting away from this approach. It has been shifting towards reconnecting employees to nature. Biophilic design involves the incorporation of plants in office space, natural light in office space, and even nature-inspired artwork in office space. It has been emphasized in various studies that office space with access to green space has a positive impact on employees. In order to create a more collaborative and happier workforce, are shifting towards incorporating biophilic design in office space.

The Rise of Tech- Enabled Office Spaces

The concept of designing workstations revolves around redefining spaces that offer a balance of productivity and comfort in which aesthetics and technology play an integral role. With the rise of digitisation, there is a focus on designing spaces that integrate technology into the experience. From smart meetings and smart workstations to sensor technology, lighting, and climate control, technology is no longer an afterthought; rather, it is being integrated into the design of spaces. There is a focus on creating and designing spaces that are intuitive and facilitate efficient working. 

Design That Reflects Identity and Culture

The most memorable offices aren’t just beautiful, they’re authentic. From material choices and colour palettes to artwork and spatial storytelling, offices are designed and created to reflect a company’s personality and uniqueness. These elements help in creating a sense of belonging and identity in subtle but dynamic way.  As the designs continues to evolve, aesthetics is more about strategy and no longer just about look and feel. 

To build a high-performance corporate office is both art and science from a creative and designing perspective. It is impossible to avoid the fusion of art, usefulness, psychology, and technology in a space that is contemplative. The end game is to create a space that not only allows an individual to be successful at what they do but enhances the manner in which they are successful. 

These are not only the physical spaces where individuals go to work every day, but they are also the physical spaces where culture is alive, ideas are born, and individuals grow both professionally and personally. Offices are built not to require an individual’s presence but to enable performance. In the new talent-led economy, the physical workspace is now one of the most important strategic investments an organization can make.

Bengaluru, May 30 : Navi Finserv Limited reported a strong improvement in profitability for the quarter and financial year ended March 31, 2026, reflecting continued focus on portfolio quality, disciplined underwriting, collections efficiency and technology-led operational scale across its lending business.

For Q4 FY26, standalone net profit rose 344.54% year-on-year to ₹134.83 crore, compared to ₹30.33 crore in the corresponding quarter last year. Revenue from operations for the quarter increased 44.06% year-on-year to ₹738.19 crore.

For the full financial year FY26, standalone net profit rose 31.64% to ₹292.21 crore, while annual revenue from operations grew 8.36% to ₹2,461 crore.

Commenting on the performance, Abhishek Dwivedi, MD & CEO, Navi Finserv Limited, said:

“Over the last few years, we have stayed focused on building a financial services business with strong operating fundamentals and long-term sustainability at its core. Our performance reflects continued discipline across underwriting, collections, risk management and execution efficiency. As the financial ecosystem matures, we believe institutions that combine technology, responsible growth and operational discipline will be best positioned to build durable customer trust over time.”

Over FY26, Navi Finserv continued investing in technology infrastructure, automation and data-led underwriting capabilities to improve customer experience and operational efficiency across its lending platform.

India’s financial services ecosystem continues to see strong structural tailwinds driven by increasing formalisation, deeper digital adoption and broader access to credit. Navi Finserv believes these shifts will continue creating long-term opportunities for technology-led financial institutions focused on sustainable scale and responsible growth.

Hyderabad, 29 May 2026: State-owned iron ore major NMDC capped FY26 with its strongest operational and financial performance to date, as robust production growth and disciplined execution helped the company scale new highs across key performance indicators.

With iron ore production climbing 21% to a record 53.16 million tonnes and sales rising 13% to 50.24 million tonnes in FY26, NMDC delivered the highest-ever annual volumes in its history. The twin milestones signal both resilient domestic steel demand and the expanding capabilities of India’s largest iron ore producer.

The surge in production and dispatches fed directly into NMDC’s financial performance, with turnover growing by 33% to an all-time high of Rs. 31,554 crore for FY26. EBITDA rose 9% to Rs. 10,737 crore, while profit before tax rose 9% to Rs. 10,155 crore and net profit increased 11% to Rs. 7,421 crore. 

NMDC reported capital expenditure of ₹3,690 crore for FY26, while continuing to deliver healthy shareholder returns. The Board recommended a final dividend of Re 1 per share, subject to shareholder approval. Together with the interim dividend of Rs. 2.5 per equity share declared for FY26, the total dividend for the year amounts to Rs. 3,077 crore.

NMDC delivered a strong finish to FY26 with a standout Q4 performance, marked by broad-based growth across production, sales and financial metrics. Iron ore production rose 22% year-on-year to 16.27 million tonnes, while sales increased 21% to 15.30 million tonnes.

The robust volume growth translated into a sharp expansion in financial performance, with turnover surging 61% to Rs. 11,173 crore. Profit before tax rose 22% to Rs. 2,875 crore, while profit after tax increased 35% to Rs. 2,020 crore, supported by improved realisations and steady operational efficiency. EBITDA grew 21% to Rs. 3,072 crore, rounding off a quarter that reinforced NMDC’s dominance in the sector.

 “With record production, topline growth, strategic capital deployment and stronger financial metrics across the board, NMDC closed FY26 with a momentum that places us in a distinctly higher league among India’s large public sector enterprises. We are determined to sustain this volume growth, enhance asset productivity and build future-ready mining capacity” said Shri Amitava Mukherjee, CMD, NMDC. 

This performance reflects a transition underway within the company, from being primarily a high-cash-flow mining PSU to emerging as a larger-scale, capital-intensive resource enterprise with expanding operational and financial heft.

(Chicago, Illinois – May 2026) – Humanscale, the leader in high-performance ergonomic design, will return to Fulton Market Design Days 2026 with a showcase centered on the
future of adaptable, human-centered environments. Presented during the industry’s leading commercial interiors event, Humanscale’s exhibition will highlight solutions designed to support flexibility, wellness, and productivity across today’s evolving workplaces as well as hospitality and residential environments. Guided by the theme “Body. Planet. Materials.,” the presentation will explore the interconnected relationship between human wellbeing,  sustainable innovation, and the future of materiality in design.

A major component of the presentation will be a museum-style exhibition exploring Next Generation Materials and the future of sustainable manufacturing. Centered on the belief that the future of design depends on materials that support both human wellbeing and planetary health, the installation will showcase emerging innovations that transform waste into resources and biology into manufacturing. The exhibit will examine how these advanced materials can reduce reliance on virgin extraction while opening new possibilities for high-performance, environmentally responsible design.

Expanding on the “Body. Planet. Materials.” concept, the exhibition will also feature conversations and activations developed in collaboration with leading sustainability organizations including the International Living Future Institute (ILFI), Design for Freedom, and mindful MATERIALS, further reinforcing Humanscale’s commitment to transparency, material health, and ethical manufacturing practices across the built environment.

Among the featured products will be Diffrient Lounge, one of the final concepts envisioned by legendary designer Niels Diffrient and recently honored with a Red Dot Design Award in Product Design. Blending residential comfort with advanced ergonomic engineering, the lounge chair reimagines how people work, relax, and connect within hybrid environments.

Motorized adjustments, integrated power, and an adaptable worksurface create a seamless experience that responds intuitively to the body while maintaining a refined, minimalist
aesthetic while enabling smooth transitions between seated work, rest, and informal collaboration.

Building on this platform, Humanscale will debut eFloat Quattro Studio, a purpose-built meeting table designed specifically for today’s hybrid collaboration environments. Optimized for small-group meetings of two to seven people, eFloat Quattro Studio integrates connectivity, power, and display support directly into the table itself, simplifying meeting environments while enabling organizations to deploy collaborative spaces quickly and efficiently without complex AV infrastructure, permanent room builds, or extensive installation requirements.

Designed to support both seated and standing collaboration, the solution creates flexible meeting environments that adapt seamlessly across open-office huddle spaces, executive offices, project review areas, and hybrid meeting rooms.

The presentation will also feature M/Charge, Humanscale’s new modular 2-in-1 magnetic wireless charging solution designed to integrate with the M/Connect 3 ecosystem while also functioning as a standalone charging dock. Supporting simultaneous dual-device charging through Qi2 and MagSafe-compatible technology, M/Charge delivers fast, efficient charging with magnetic alignment, flexible viewing angles, and a weighted metal base engineered for stability and effortless one-handed use. Designed for modern workspaces, hospitality settings, and residential environments alike, the solution reflects Humanscale’s continued focus on intuitive functionality, seamless integration, and reduced desktop complexity.

Humanscale’s presence at Fulton Market Design Days will further underscore its broader commitment to sustainability and purposeful innovation. As the only major commercial
furniture manufacturer in the United States certified as a B Corp, Humanscale will continue to develop products and processes that prioritize both human health and environmental responsibility through a net positive design approach that integrates material transparency, reduced environmental impact, and long-term product longevity.

In addition to the showroom presentation, Humanscale will host a series of Fulton Market Design Days events and activations throughout the week designed to foster conversation around design, sustainability, and the future of work. Programming will include a Morning Walk/Jog Meet-Up on Monday, June 8 from 7:00–7:45 AM, followed by a Happy Hour with mindful MATERIALS from 5:00–6:00 PM and a Party at Federales from 6:00–9:00 PM.

On Tuesday, June 9, Humanscale will host a Happy Hour with Living Future and Design for Freedom from 5:00–6:00 PM. The showroom, located at 345 N Morgan St., Suite 150 in Chicago, will remain open daily from 9:00 AM–6:00 PM throughout Fulton Market Design Days from June 8-10, 2026, with coffee and light fare available at The Emily Hotel café adjacent to the showroom.

These events and activations will bring together designers, architects, sustainability leaders, brand partners, and members of the broader creative community for networking opportunities and discussions centered on innovation, wellbeing, and material transparency.

Mumbai, May 29: ConfirmTkt, India’s leading authorised B2C online train ticketing and travel utility platform (an ixigo group company), and official train ticketing partner of Royal Challengers Bengaluru (RCB), today announced a city-wide offer for RCB‘s entry into the Finals. On May 31st, 2026, the final match day, ConfirmTkt will offer free metro tickets on all Bengaluru Metro lines to every fan in the city, bookable directly through the ConfirmTkt app.

The initiative is designed to make match day seamless – no parking nightmares, no last-minute scrambles, no long queues. Whether you’re heading out to watch the game from a fan zone across the city, or catching up with friends and family, ConfirmTkt is helping Bengaluru move together, travel smarter, and enjoy match day with ease.

Offer Details

•  Valid on: 31st May 2026 (Match Day only)

•  Applicable on: All Bengaluru Metro lines

•  How to claim: Open the ConfirmTkt app, navigate to Metro Tickets, and book your free ride

•  T&Cs: Offer valid up to 2 times per user on the day, up to Rs. 100.

Speaking on the offer, Dinesh Kumar Kotha, CEO, ixigo Trains & ConfirmTkt, said, “RCB’s journey to the finals is a proud moment for Bengaluru. As a brand that helps millions of people travel every day, we wanted to give something back to the city on this special occasion. By offering free metro rides, we’re helping fans skip the traffic and focus on what matters most, which is enjoying the match day experience with friends and family. We hope this initiative makes travel easier, greener, and more convenient for everyone across the city.”

ConfirmTkt users can claim their free metro ride by downloading or opening the ConfirmTkt app and booking under the Metro Tickets section. The offer is valid for all metro lines across the Bengaluru network on May 31st, 2025.

Tembo Global Industries Limited, a leading engineering-driven industrial solutions provider for sectors such as oil & gas, chemicals, construction, power, shipbuilding, nuclear, HVAC, and OEM installations is pleased to announce its impressive financial performance for the fourth quarter and year ended March 31, 2026.

Consolidated Financial Highlights – Q4 & FY26

 Consolidated Financial Results – Q4 & FY26

·        Revenue:

o   Revenues during Q4 FY26 grew by 26.3% YoY to INR 346 crores led by significant growth in Engineering segment

o   FY26 Revenue stood at INR 1,090 crores, grew by 46.7% YoY

·        EBITDA:

o   EBITDA for Q4 FY26 stood at INR 39 crores, up by 35.2% YoY; for FY26 stood at INR 143 crores, up by 55.4% YoY

o   EBITDA Margin for Q4 FY26 stood at 11.3%, expanded by 75 bps YoY; FY26 EBITDA margins expanded by 74 bps YoY to 13.1%.

·        PAT:

o   PAT during Q4 FY26 increased by 93.3% YoY to INR 30 crores; PAT margin stood at 8.7%, expanded by 302 bps YoY

o   PAT during FY26 grew by 79.7% YoY to INR 98 crores; PAT margin expanded by 166 bps YoY to 9.0%

Commenting on the significant performance, Managing Director of Tembo Global Industries, Mr. Sanjay J. Patel expressed his view:

“FY26 has been a transformational year for Tembo Global Industries, marked by strong financial performance, execution excellence, and decisive progress across our strategic growth pillars. The Company delivered robust growth with revenues rising 46.7% YoY to INR 1,090 crore, while EBITDA and PAT grew by 55.4% and 79.7% YoY, respectively, reflecting improved scale, operating leverage, and disciplined execution.

Engineering:

Our Engineering Solutions segment remained the primary growth driver, scaling significantly on the back of strong demand from infrastructure-linked sectors such as oil & gas, marine, water, and EPC.

EPC:

During the year, we strengthened our global project credentials with our qualification as the L1 bidder for a prestigious offshore revamp project by a leading company in Kuwait, with an estimated value of ~INR 300 crore. The project involves complex engineering systems including fire protection, marine equipment, and integrated infrastructure, underscoring our ability to deliver high-value, technically demanding international assignments.

Our order book remains robust at ~INR 1,548 crore, supported by a strong order bidding pipeline of over INR 2,256 crores, providing strong medium-term revenue visibility. Additionally, we are actively pursuing INR 700+ crore opportunities in port construction and fuel farm systems, further strengthening our EPC pipeline across civil, MEP, and HVAC segments.

Solar:

Our solar projects continue to advance in line with the planned timeline, with all sites expected to be fully operational by the end of Q2 FY27. Commercial operations in the solar segment are slated to commence from Q3 FY27, which are expected to contribute meaningfully to the Company’s diversified revenue streams and support its long-term growth strategy.

Defence:

A key highlight of the year has been our strategic entry and rapid progress in the defence manufacturing segment, where our subsidiary secured a Defence Manufacturing Licence from the Government of Maharashtra to establish a small arms facility following our WEF 2025 MoU with MIDC, along with a Government of India licence for ammunition manufacturing. Additionally, we have entered into an NDA with a leading defence PSU to explore opportunities in indigenous design, development, and production, strengthening our position in India’s defence ecosystem.

These milestones collectively position Tembo to participate meaningfully in India’s defence indigenisation journey under initiatives such as Make in India and Atmanirbhar Bharat, while opening long-term growth avenues in both domestic and export markets.

Our balance sheet remains strong, with a debt-to-equity ratio of 0.77:1 as of 31^st March 2026. Even while undergoing a phase of capital expenditure, the company maintained healthy return ratios, with Return on Capital Employed (ROCE) at 18.4% and Return on Equity (ROE) at 20.0% as on 31^st March 2026.

Looking ahead, we remain focused on executing our strong order book, ramping up capacity utilisation, and scaling our presence across engineering, EPC, defence, and renewable energy businesses. With a strong pipeline, improved global participation, and clear visibility towards our growth targets, we expect to achieve revenues of approximately INR 1,600 crore in FY27, driven primarily by the engineering business. We are confident of sustaining our growth momentum and delivering long-term value for all stakeholders.”

Fintech Fringe is behind the bigger, bolder format with the backing of the Department for Business and Trade and London & Partners

London, 29 May 2026: London has long earned its place as one of the world’s defining fintech centres. Dealroom’s latest report just confirmed London as the world’s number one fintech ecosystem – home to 137 unicorns and a combined enterprise value of $714 billion. 

New York has a fintech week. Singapore has one too. It is time London stepped up a gear with its own fintech week to reinforce why London is the world’s best city to scale a fintech business.

Fintech Week London returns from 7 to 11 September 2026 under new leadership, backed by Fintech Fringe founder Calypso Harland and the UK’s fast-growing fintech community. 

Anchored by the Scale & Grow Summit on 9 and 10 September in central London, the event is expected to attract more than 1,500 founders, investors, financial institutions, policymakers, regulators and international fintech leaders to the capital.

This year’s theme is Growth with Agency, and focuses on the practical questions now shaping fintech growth. Sessions will examine how AI is changing competitive advantage, how regulation is affecting growth strategies, how fintechs can access capital, and how the long-anticipated convergence of fintech, crypto and payments is beginning to reshape the market.

Fintech Fringe is opening the week to companies, associations, communities and event organisers across London, inviting them to host their own events as part of a shared city-wide fintech moment. The model gives the wider ecosystem, including smaller companies and emerging communities, a way to access a larger audience and contribute to the global fintech conversation.

Calypso Harland, Founder of Fintech Fringe, said:

“London needs a fintech week that reflects the ecosystem itself: ambitious, practical, international and open to the people building what comes next. Fintech Week London is a platform for the whole city – from founders and investors to banks, regulators, associations and emerging communities. We’re here to rally everyone together and show the world why London is built to create champions.”

Emma Banymandhub, CEO of The Payments Association, said:

“Calypso is a natural collaborator and the perfect person to bring the ecosystem together to bridge the divide between fintech, crypto and payments. These communities often live in parallel universes, and bringing them together can only mean better things for the industry as a whole. The Payments Association is delighted to support.”

The relaunch follows Fintech Fringe’s merger with Fintech Week London last year. Since launching in 2023, Fintech Fringe has grown rapidly, with its own festival tripling in size over three years. 

Fintech Week London 2026 will run from 7 to 11 September, with the Scale & Grow Summit taking place from 9 to 10 September.

For hosting, speaking and partnership opportunities, visit www.fintechweek.london.

Gurugram, May 29: Spectra at The Leela Ambience Gurugram Hotel & Residences unveils the Spectra Street Carnival every Wednesday evening. This themed dining experience brings together iconic global street food flavours in an elevated luxury dining experience.

This culinary affair takes guests on a flavourful journey of global street food destinations, featuring interactive live stations where guests can indulge in favourites such as artisanal Pizzas, flavourful Pad Thai, and perfectly grilled Yakitori, alongside a selection of internationally inspired specialties. To further enhance the experience, a specially curated beverage programme complements the menu and ambience, coming together to create a vibrant midweek dining occasion.