Casa Milano and Arredo3 Complete Four Years of Partnership

Casa Milano and Arredo3 Complete Four Years of Partnership

Casa Milano marks four successful years as a key supplier of Arredo3 in the GCC, featuring multiple displays across its showrooms in Dubai, Abu Dhabi and Doha.

Casa Milano and Arredo3 Complete Four Years of Partnership

 

Dubai, UAE| July 21: Casa Milano, UAE-based luxury home solutions provider proudly announces the completion of four years of partnership with Arredo3, a premier Italian manufacturer of bespoke, 100% Made-in-Italy modular kitchens and living furniture. Over the past four years, Casa Milano has established itself as a key supplier of Arredo3 in the GCC, offering the biggest Arredo3 display across its showrooms in Dubai, Abu Dhabi and Doha. The displays allow homeowners, designers, architects, consultants, developers and contractors to experience Arredo3’s latest collections, finishes, materials and design possibilities in person.

The partnership has strengthened Casa Milano’s position across both retail and project segments, supported by its dedicated in-house teams that deliver a seamless end-to-end service. From design consultation and space planning to technical drawings, customization, professional installation, and after-sales support, Casa Milano ensures every Arredo3 kitchen and living space solution is tailored to meet the client’s unique lifestyle, aesthetic preferences, and project requirements.

Arredo3 is globally recognised for its versatile range of modular kitchen and living solutions that combine timeless Italian aesthetics with practical functionality. Beyond kitchens, the brand offers integrated living systems including wall units, storage solutions, shelving concepts, and coordinated furniture elements designed to create cohesive and sophisticated open-plan spaces. Its collections offer extensive customization options, from contemporary and minimalist concepts to more refined and elegant layouts, with a wide selection of finishes, materials, storage systems, and accessories. The brand’s focus on innovation, sustainability, and ergonomic design has made it a preferred choice for both residential and commercial spaces.

“Completing four years of partnership with Arredo3 is an important milestone for Casa Milano,” said Mohammed Azhar Sajan, Founder, Casa Milano. “Casa Milano has become a key supplier of Arredo3 in the GCC, supported by the multiple Arredo3 displays across our showrooms in Dubai, Abu Dhabi and Doha. Arredo3 represents the quality, flexibility and Italian design excellence that our customers expect from a premium kitchen brand. Our vision is to make Casa Milano the first name people think of when they search for Arredo3 in the Middle East, and we are proud to bring the full Arredo3 experience closer to homeowners and the design community across the region.”

Arredo3 has become a well-recognised name among designers, architects, consultants, developers and contractors, offering kitchen solutions that combine Italian aesthetics with practical functionality. Its wide variety of collections gives clients the flexibility to create kitchens suited to different lifestyles, spaces and project needs.

As demand for premium kitchen solutions and living spaces continues to grow across the GCC, Casa Milano and Arredo3 remain committed to delivering design-led, high-quality and functional kitchen spaces for both individual homeowners and large-scale developments.

 

Spain Releases Special Commemorative Stamp Honouring World Champions

Madrid, July 21: Spain’s postal service has issued a special commemorative stamp to honour the achievements of the country’s world champions, celebrating their contributions and sporting excellence on an international stage.

The commemorative stamp is part of an initiative to recognise remarkable achievements and preserve moments of national pride through philately. The release highlights the dedication, hard work, and success of athletes who have brought global recognition to Spain.

Officials said the initiative reflects the important role of sports in inspiring communities and promoting values such as determination, teamwork, and excellence.

The special edition stamp is expected to attract interest among sports enthusiasts, collectors, and philatelists while serving as a lasting tribute to Spain’s champions.

Through such commemorative issues, Spain’s postal service continues to celebrate significant personalities, achievements, and events that hold cultural and national importance.

India, North Macedonia Move to Deepen Economic Partnership

New Delhi, July 21: India and North Macedonia have agreed to strengthen economic cooperation and explore new opportunities to expand bilateral trade and investment ties.

India, North Macedonia Move to Deepen Economic Partnership

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

The discussions focused on enhancing collaboration across key sectors, promoting business partnerships, and creating a more favourable environment for economic engagement between the two countries.

Both sides emphasised the importance of expanding cooperation in areas of mutual interest, including trade, investment, technology, and industry, with the aim of building stronger economic relations.

Officials highlighted the potential for greater interaction between businesses and institutions of both nations, which could contribute to increased commercial exchanges and shared growth opportunities.

The agreement reflects the commitment of India and North Macedonia to further strengthen their bilateral partnership through enhanced economic cooperation and closer engagement.

The two countries are expected to continue working towards identifying new areas of collaboration and creating avenues for sustainable economic development.

India’s Growth Story Continues to Inspire Investor Confidence

New Delhi, July 21: Investors continue to remain optimistic about India’s economic growth prospects, supported by strong policy measures, structural reforms, and a favourable business environment, according to a report.

The report highlighted that India’s growth narrative remains attractive for investors, with confidence driven by policy stability, improving economic fundamentals, and ongoing reforms aimed at strengthening various sectors.

Market participants believe that continued focus on infrastructure development, digital transformation, manufacturing growth, and investment-friendly policies will support India’s long-term economic expansion.

The positive sentiment among investors reflects growing confidence in the country’s ability to sustain growth while creating new opportunities across industries.

Experts noted that policy consistency, a large domestic market, and rising investment potential continue to position India as a preferred destination for global and domestic investors.

The report underlined that maintaining reform momentum and strengthening the business ecosystem will remain key factors in supporting India’s growth trajectory in the coming years.

IndiaMART InterMESH Limited releases Q1FY27 results, reports consolidated Revenue Rs. 414 Crore, representing a growth of 11 percent

Noida, India, July 21: IndiaMART InterMESH Limited (referred to as “IndiaMART” or the “Company”), today announced its financial results for the first quarter ending June 30, 2026.
 
Consolidated Financial Highlights (Q1 FY2027):
 
IndiaMART reported consolidated Revenue from Operations of Rs414 Crore as compared to Rs. 372 Crore in the corresponding quarter of last year, representing a growth of 11%. This includes IndiaMART Standalone Revenue of Rs. 376 Crorerepresenting YoY growth of 9% and Busy Infotech Revenue of Rs 36 Crore.
 
Collections from Customer grew to Rs. 463 Crore for the quarter, representing YoY growth of 8%, primarily comprising IndiaMART Standalone Collections of Rs. 402 Crore representing YoY growth of 8% and Busy Infotech Collections of Rs 59 Crore.
 
Deferred Revenue as on June 30, 2026 increased to Rs. 2,014 Crore representing a YoY growth of 16%. This primarily includes IndiaMART Standalone Deferred Revenue of Rs. 1,858 Crore and Busy Infotech Deferred Revenue of Rs. 146 Crore.
 
Net Profit for the quarter was Rs. 172 Crore. Cash Flow from Operations for the quarter was Rs. 163 Crore. Cash and Investments balance stood at Rs. 3,553 Crore as on June 30, 2026.
 
Standalone Financial Highlights (Q1 FY2027):
 
Standalone Revenue from Operations increased to Rs. 376 Crore as compared to Rs. 346 Crore last year representing a growth of 9%. The growth was primarily driven by improvement in realization from paying suppliers.
 
Collections from Customer grew to Rs. 402 Crore for the quarter representing a YoY growth of 8% and Deferred Revenue as on June 30, 2026 increased to Rs. 1,858 Crore representing a YoY growth of 14%.
EBITDA for the quarter was Rs. 149 Crore representing margin of 40%. Net Profit for the quarter was Rs. 176 Crore.
 
Operational Highlights (Q1 FY2027):
 
IndiaMART registered Unique business enquiries of 26 million in Q1FY27. Supplier Storefronts grew to 8.8 million, an increase of 5% YoY and paying suppliers at the end of the quarter were 218K.
 
Commenting on the performance, Dinesh Agarwal, Founder and CEO, said, “We continued our emphasis on sustainable growth and elevating overall marketplace experience by building a highly trusted, reliable environment for our buyers and sellers. By prioritizing platform trust, we are fostering deeper, more meaningful engagement across our marketplace. Deployment of AI, from standardized cataloging and intelligent matchmaking to advanced conversational tools, is streamlining user interactions and driving efficiency. With a robust business model and strong cash generation, we remain confident in our ability to create long-term value for all our stakeholders.”
 

Textile Sector Gains Momentum as PLI Scheme Attracts INR 8,118 Crore Investment

New Delhi, July 21: India’s textile sector has received a major boost with the Production Linked Incentive (PLI) Scheme attracting investments of ₹8,118 crore and generating over 33,400 employment opportunities, the Centre said.

The scheme has played a key role in encouraging investments in high-value textile segments, including man-made fibre (MMF) textiles and technical textiles, while supporting the expansion of domestic manufacturing capacity.

The government stated that the initiative is aimed at enhancing the competitiveness of Indian textile companies, promoting innovation, and creating a strong ecosystem for sustainable growth in the sector.

Through the PLI scheme, eligible companies are being encouraged to scale up production, adopt advanced technologies, and strengthen their presence in both domestic and international markets.

The growth in investment and employment highlights the positive impact of targeted policy measures on the textile industry, which remains one of India’s largest employment-generating sectors.

The Centre said continued efforts will focus on boosting manufacturing, increasing exports, and strengthening India’s position as a global textile and apparel hub.

Adani Energy Solutions Posts Robust Q1 Growth

Mumbai, July 21: Adani Energy Solutions Ltd (AESL) has reported a strong financial performance for the first quarter, with its consolidated net profit more than doubling to ₹1,149 crore, supported by improved operational performance and business growth.

The company’s revenue increased by 42 per cent during the quarter, reflecting higher contributions from its transmission, distribution, and energy infrastructure segments.

The strong quarterly performance highlights AESL’s continued focus on expanding its network, enhancing operational efficiency, and strengthening its position in India’s power transmission and energy solutions sector.

The company has been investing in infrastructure development and adopting advanced technologies to improve reliability, efficiency, and service delivery across its operations.

Industry observers noted that the growing demand for electricity, expansion of renewable energy integration, and infrastructure development are creating new opportunities for power sector companies.

Adani Energy Solutions remains focused on supporting India’s energy transition while expanding its capabilities in transmission and related energy infrastructure services.

India’s Fish Production Reaches 197.75 Lakh Tonnes with Support from PMMSY

New Delhi, July 21: India’s fish production has increased significantly to 197.75 lakh tonnes, supported by various initiatives under the Pradhan Mantri Matsya Sampada Yojana (PMMSY), the government said.

The growth reflects continued efforts to strengthen the fisheries sector, improve infrastructure, enhance productivity, and support the livelihoods of millions of people dependent on fishing and allied activities.

Under PMMSY, the government has focused on promoting sustainable fisheries development through better technology adoption, improved fish farming practices, modern infrastructure, and value-chain development.

The expansion of fish production is expected to benefit fish farmers, fishermen communities, entrepreneurs, and other stakeholders by creating new opportunities and improving income prospects.

Officials highlighted that the fisheries sector plays an important role in strengthening rural economies, ensuring food security, and contributing to employment generation across the country.

The government continues to implement measures aimed at increasing productivity, promoting sustainable aquaculture, and enhancing India’s position in the global fisheries market.

The latest milestone reflects the growing contribution of the fisheries sector towards India’s agricultural and economic development.

Andhra Pradesh, UAE Explore Partnership for Proposed Integrated Food Cluster

Amaravati, July 21: Andhra Pradesh Chief Minister N. Chandrababu Naidu held discussions with a United Arab Emirates (UAE) minister on strengthening economic cooperation, with a key focus on the proposed establishment of an integrated food cluster in the state.

The meeting centred on opportunities to enhance collaboration in the food processing and agri-business sectors, with both sides exploring ways to attract investment, improve value chains, and boost agricultural exports.

The proposed food cluster is expected to create modern infrastructure for food processing, storage, packaging, and logistics, benefiting farmers, food producers, and businesses while generating employment opportunities in the region.

The discussions also reflected the shared interest of Andhra Pradesh and the UAE in expanding bilateral cooperation across sectors that support economic growth, trade, and investment.

Chief Minister Naidu reiterated the state’s commitment to creating a business-friendly environment and promoting investment-led development through world-class infrastructure and policy support.

The meeting marks another step towards strengthening Andhra Pradesh’s position as a preferred destination for global investments in the food processing sector, while reinforcing economic ties between India and the UAE.

Maruti Suzuki Revises Car Prices, New Rates to Take Effect from August

New Delhi, July 21: Maruti Suzuki India has announced a price revision across select vehicle models, with increases of up to ₹30,000 set to take effect from August, citing rising input costs and operational expenses.

The company said the price adjustment is part of its ongoing efforts to offset higher manufacturing and supply chain costs while maintaining product quality and operational efficiency.

The extent of the increase will vary depending on the model and variant. Customers planning to purchase a Maruti Suzuki vehicle before the revised prices come into effect may benefit from the current pricing.

Automobile manufacturers periodically review vehicle prices in response to fluctuations in raw material costs, logistics expenses, and overall market conditions. The latest revision reflects the industry’s continued efforts to manage cost pressures while sustaining business operations.

Maruti Suzuki, India’s largest passenger vehicle manufacturer, continues to focus on offering a wide range of vehicles across different customer segments while strengthening its market presence through innovation, improved technology, and enhanced customer service.

The upcoming price revision is expected to influence buying decisions in the coming weeks as customers look to complete purchases before the new rates become effective in August.