Archive: May 30, 2026

Tilaknagar Industries’ EBITDA Jumps 97 per cent to INR 155 Crore in Q4

New Delhi, May 30: Indian-Made Foreign Liquor (IMFL) manufacturer, Tilaknagar Industries Limited  has announced its financial results for the quarter ended March 31, 2026. The company delivered a strong performance during Q4 FY26, driven by robust volume growth, continued premiumisation and expansion across key markets.

During the quarter, volume grew by nearly 135 per cent year-on-year to reach 8 million cases. Net revenue from operations stood at Rs. 949 crore as compared with Rs. 384 crore in the corresponding quarter last year, reflecting a growth of 147.5 per cent year-on-year.

EBITDA for Q4 FY26 increased by 97 per cent to Rs. 155 crore compared with Rs. 78 crore in Q4 FY25. Adjusted for subsidy income, EBITDA stood at Rs. 146 crore, reflecting a growth of 123.5 per cent year-on-year. The adjusted EBITDA margin stood at 15.5 per cent, expanding by 54 basis points on a quarter-on-quarter basis. Profit after tax (PAT), excluding exceptional items and amortization on intangible assets related to acquisition, increased by 6.5 per cent year-on-year to Rs. 82 crore. Adjusted for subsidy income, PAT increased by 14.8 per cent year-on-year.

For the full year FY26, Tilaknagar Industries reported volume growth of 67.6 per cent year-on-year to reach approximately 20 million cases. Net revenue from operations stood at Rs. 2,346 crore, reflecting a growth of 69.9 per cent year-on-year. EBITDA for FY26 rose by 64.5 per cent to Rs. 419 crore. Adjusted for subsidy income, EBITDA stood at Rs. 352 crore, reflecting a growth of 55.9 per cent year-on-year, while the adjusted EBITDA margin stood at 15.5 per cent.

The Board of Directors has recommended a dividend of Rs 1 per equity share for FY26.

Commenting on the performance, Mr Amit Dahanukar, Chairman & Managing Director, Tilaknagar Industries Limited said,

“FY26 was a landmark year for Tilaknagar Industries Limited, with consolidated volumes reaching nearly 20 million cases and Mansion House Brandy crossing the landmark 10 million cases in annual sales. The ongoing integration of Imperial Blue is further strengthening our pan-India presence and growth momentum.”

TI will remain focused on driving double-digit growth, improving margins and leveraging the pan-India reach of the Imperial Blue and Mansion House franchises to strengthen premium and luxury portfolio across markets, he added.

During the year, Tilaknagar Industries continued to strengthen its market leadership and operational capabilities through several key milestones. Mansion House crossed the landmark 10 million cases in annual sales during FY26, while Prag Distillery received regulatory approval to commence operations at its expanded capacity in Andhra Pradesh. The company’s luxury portfolio, House of TI, earned recognition at the London Spirits Competition 2026 and Tilaknagar Industries was also recognized among FinanceAsia’s Best Companies in India 2026.

With strong momentum across brands and markets, Tilaknagar Industries remains well-positioned to capitalize on evolving consumer trends and growth opportunities in the Indian alco-bev sector.

Shreyas WebMedia Solutions Participates in Startup Odisha Interactive Session on Building a Stronger Entrepreneurial Ecosystem

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.

Karur Vysya Bank Elevates Premium Banking Experience with Visa Credit Card Portfolio

Chennai, May 30: Karur Vysya Bank  announced the launch of its premium credit card portfolio on the Visa platform, as part of the Bank’s broader strategy to strengthen its affluent banking proposition and deepen engagement with lifestyle-oriented customers.

The portfolio includes four card variants: Aura Samara  Altura  and Eternis  Designed to offer curated travel, dining and premium lifestyle benefits to emerging affluent and affluent customers, including salaried professionals, self-employed individuals and business owners.

The partnership with Visa reflects KVB’s focus on offering a more contemporary and premium customer experience supported by globally accepted payment infrastructure, curated lifestyle privileges and enhanced customer engagement capabilities.

India’s affluent consumer segment is witnessing rising spends across travel, dining and premium lifestyle categories, driving demand for financial products that deliver differentiated value beyond traditional rewards programmes. KVB’s refreshed card portfolio has been designed around a lifestyle-led value proposition that moves beyond transactional banking to offer curated everyday lifestyle experiences to customers.

Commenting on the launch, Shri Ramesh Babu, Managing Director & CEO of Karur Vysya Bank, said:

“The launch of our premium credit card portfolio marks an important step in strengthening KVB’s affluent banking proposition. Consumer spending patterns are increasingly evolving towards travel, dining and lifestyle-led experiences, and our partnership with Visa enables us to offer differentiated value propositions tailored to these emerging preferences. The initial rollout for existing customers also reflects our relationship-led approach towards customer engagement.” 

The portfolio offers a range of premium benefits across travel, dining, entertainment and lifestyle categories, including curated hotel partnerships, airport lounge access, premium dining memberships, OTT subscriptions, accelerated rewards and zero foreign currency markup on select variants.

Existing KVB customers can check their eligibility and access pre-approved offers through the KVB DLite mobile banking application or by contacting their nearest branch.

Key Features and Lifestyle Privileges Across KVB’s Premium Credit Card Portfolio:

1. Eternis (Visa Infinite) — The Ultimate Luxury Card

• Welcome Bonus: Get 10,000 Reward Points (worth Rs 10,000) right away upon joining.
• Rewards: Earn 2 Reward Points for every Rs 100 spent, plus 3X points on flights, hotels, dining, and luxury shopping (Value: 1 Reward Point = Rs 1).
• Luxury Perks: A complimentary 1-night stay at luxury Postcard Hotels, 1-year elite Club Access, and a 1-year Club Marriott membership.
• Travel & Dining: 15% off on Business Class tickets on Air India, Qatar and Lufthansa, a 12-month EazyDiner Prime subscription, and Zero Forex markup when spending abroad.

2. Altura (Visa Infinite) — Built for Frequent Travelers

• Welcome Bonus: Get 7,500 Reward Points (worth Rs 7,500) upon joining.
• Rewards: Earn 1 Reward Point for every Rs 100 spent, plus 5X points on flights, hotels, dining, and luxury shopping (Value: 1 Reward Point = Rs 1).
• Travel & Dining Perks: Includes a 1-year Club Marriott membership, a 12-month EazyDiner Prime subscription and Zero Forex markup when spending abroad.

3. Samara (Visa Signature) — For Dining and Premium Lifestyle Experiences

• Rewards: Earn 1 Reward Point for every Rs 100 spent, plus 6X points on dining and online shopping (Value: 1 Reward Point = Rs 0.5).
• Dining & Entertainment Perks: Free 1-year Taj Epicure membership, 6-month EazyDiner Prime subscription, and a 12-month Amazon Prime membership.

4. Aura (Visa Platinum) — Perfect for Everyday Online Shopping

• Rewards: Earn 1 Reward Point for every Rs 100 spent, plus an 8X points multiplier on online shopping (Value: 1 Reward Point = Rs 0.25).
• Subscriptions: Free 12-month Amazon Prime and Zomato Gold memberships.

Please Note: > Standard joining fees, yearly fees, and interest rates apply to each card type. You can easily view your specific card fees, detailed charges, and complete terms and conditions right inside the KVB DLITE mobile app or on the bank’s official website during your application.

Sunsure Energy commissions 105 MWp solar plant in Mahoba; kicks off Uttar Pradesh’s first green power evacuation under Green Energy Corridor-II

Government of Telangana Launches Incubator Programme by SERP to Scale 300 Rural Women-Led Enterprises Across the State

₹21.40 crore initiative under DAY-NRLM to provide incubation, mentoring, grants, zero-interest soft loans, market linkages and enterprise growth support to SHG women entrepreneurs

Hyderabad, May 30: In a landmark step towards strengthening rural women entrepreneurship and building a scalable enterprise ecosystem in Telangana, the Government of Telangana today launched the Incubator Programme by SERP Telangana under the Deendayal Antyodaya Yojana – National Rural Livelihoods Mission (DAY-NRLM) at Komaram Bheemu Adivasi Bhavan, Banjara Hills, Hyderabad.

The programme is being implemented by the Society for Elimination of Rural Poverty (SERP), Government of Telangana, in partnership with BITS Pilani Hyderabad Campus and T-Hub Foundation  as incubator partners, with WE Hub Foundation serving as the technical and implementation support agency.

The initiative marks a significant milestone for Telangana as a structured, mission-driven intervention to identify, support and scale 300 growth-oriented SHG women-led rural enterprises across the state. With a total outlay of ₹21.40 crore, the programme combines enterprise incubation with direct financial support, including ₹8.74 crore for incubation support and ₹12.66 crore for direct enterprise financing through grants and zero-interest soft loans.

The launch ceremony was graced by Smt. Dansari Anasuya Seethakka Garu, Hon’ble Minister for Panchayati Raj & Rural Development, Rural Water Supply, Women and Child Welfare, Government of Telangana. The event also witnessed the participation of Smt. Divya Devarajan, IAS, CEO, SERP Telangana and Commissioner, Panchayati Raj & Rural Development; Shri P. W. Johnson, Director Non-Farm, SERP; Prof. D. Sriram, Director, BITS Pilani Hyderabad Campus; Mr. Kavikrut, CEO, T-Hub Foundation; Ms. Sita Pallacholla, CEO, WE Hub Foundation; SHG women entrepreneurs, Zilla Samakhya representatives, ecosystem partners and government officials.

As part of the official launch, the programme website, handbook and poster were unveiled, symbolising the beginning of a state-wide enterprise acceleration journey for rural women entrepreneurs.

Designed as a comprehensive enterprise growth platform, the programme will provide support across the complete business journey  from mobilisation, screening and enterprise diagnostics to structured incubation, mentorship, capacity building, branding, packaging, compliance readiness, financial linkages, market access, e-commerce onboarding and performance monitoring.

A major component of the initiative is the Challenge Fund mechanism, through which selected women-led enterprises will receive catalytic support in the form of grants and zero-interest soft loans. This support is expected to help enterprises strengthen production capacity, improve quality, adopt technology, expand operations and access wider markets.

The programme aims to enable supported enterprises to achieve at least 15% year-on-year revenue growth, improve business sustainability and generate an estimated 300 to 500 rural jobs across Telangana. It also seeks to create a replicable rural enterprise acceleration model that can strengthen women-led livelihoods and contribute to inclusive economic development.

Speaking at the launch, dignitaries highlighted the importance of transforming SHG women from livelihood participants into enterprise leaders. The programme reflects the Government of Telangana’s larger vision of enabling women-led economic transformation and supporting rural women entrepreneurs to become drivers of prosperity, employment and wealth creation.

Speaking at the Launch Smt. Dansari Anasuya Seethakka Garu Hon’ble Minister for Panchayati Raj & Rural Development, Rural Water Supply, Women and Child Welfare, Government of Telangana

“Under the Hon’ble Chief Minister’s vision of ‘Koti Mahilalu Koteeswarulu’, Telangana is committed to placing women at the centre of economic growth. When women grow, families grow, communities grow, and the economy grows. This Incubator Programme is a powerful opportunity for SHG women entrepreneurs to improve their income, scale their businesses and contribute to the state’s development. We do not want women to remain job seekers; we want them to become job creators. Our businesses may begin locally, but our vision must be global. From 300 enterprises today, we must think of reaching 30,000 women entrepreneurs in the coming years.”

Speaking at the Launch Smt. Divya Devarajan, IAS CEO, SERP Telangana and Commissioner, Panchayati Raj & Rural Development

“The women here are businesswomen and job creators. It is our responsibility to support 300 strong women-led enterprises and make this programme successful. With SERP’s grassroots strength and the support of T-Hub, BITS Pilani and WE Hub, we are committed to helping rural women entrepreneurs scale from local ideas to successful enterprises”

Speaking at the Launch Prof. D. Sriram, Director, BITS Pilani Hyderabad Campus

“We are happy to be part of this purpose-driven collaboration with SERP Telangana. This programme will ignite momentum in rural enterprise by helping local ideas grow through incubation, mentoring and structured support into scalable and sustainable businesses.”

Speaking at the Launch Mr. Kavikrut, CEO, T-Hub Foundation

“Women entrepreneurs from rural Telangana have strong potential to build and scale. Through this programme, we encourage them to think like startups, strengthen their business models and scale up with confidence.”

Speaking at the Launch Ms. Sita Pallacholla, CEO, WE Hub Foundation

“This programme reflects a meaningful convergence between the Information Technology, Electronics & Communications and Industries & Commerce Department and the Panchayati Raj & Rural Development Department of the Government of Telangana. SERP has already built a strong grassroots ecosystem through SHG women and community institutions, and WE Hub is proud to bring complementary support in entrepreneurship, branding, mentorship, market access and business readiness. This collaboration is a worthwhile step towards helping rural women-led enterprises move from local business activity to sustainable and scalable growth opportunities.”

The event also featured voices from grassroots women entrepreneurs and Zilla Samakhya representatives, who shared their expectations from the programme and their aspirations for enterprise growth. Their participation reflected the strength, resilience and entrepreneurial potential emerging from Telangana’s rural communities. The launch of the Incubator Programme is not merely the beginning of an enterprise support project; it is a strategic step towards creating a new generation of rural women business leaders in Telangana.

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Mach Travel Solutions Delivers Sustained FY26 Performance Despite Challenging Macro- Economic Environment; While Accelerating Transformation into an Integrated Travel Solutions Platform

Scale, Cash Flow and Capacity Drive NMDC to Record FY26 Performance

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.

Humanscale to Explore “Body. Planet. Materials.” at Fulton Market Design Days 2026 Featuring Diffrient Lounge, eFloat Quattro Studio, and M/Charge

(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.