Adv. Aaditya Bhatt, Advocate, Gujarat High Court | Founder, Bhatt & Joshi Associates, Ahmedabad | Senior Standing Counsel, Income Tax Department

New Delhi [India], May 6: India’s International Financial Services Centre at GIFT City, Gujarat, has been operational since 2015. In its first decade, it has attracted over 175 Fund Management Entities, facilitated the relocation of offshore funds, and built an exchange infrastructure that now trades derivatives, equities, and debt instruments in foreign currency — all within Indian sovereign territory but outside India’s domestic regulatory perimeter. Yet most commentary on GIFT City remains trapped in two registers: promotional material that reads like a brochure, or sceptical analysis that treats IFSC incentives as too good to be true. Neither register is useful. What is useful is a precise, provision-by-provision examination of what the law actually says — and what it means for the global asset management industry.

As an advocate practising at the Gujarat High Court and, serving as Senior Standing Counsel for the Income Tax Department, I have a professional interest in both sides of the tax architecture: the incentive framework that attracts capital, and the compliance framework that ensures those incentives are used within their intended boundaries. This article examines both.

The Twenty-Year Holiday: Section 147 of the Income-tax Act, 2025

The headline incentive is now enacted law. Following Presidential assent to the Finance Act 2026 on 30 March 2026, Section 147 of the Income-tax Act, 2025 provides IFSC units a 100% deduction on business income for any 20 consecutive assessment years out of a block of 25 years. After the holiday period, a concessional rate of 15% applies. Minimum Alternative Tax for IFSC units is 9% — roughly one-third of the standard 25% corporate tax rate, and well below the 15% mainland MAT. This is not a proposal or a budget announcement. It is law, effective 1 April 2026.

For a Fund Management Entity operating a Portfolio Management Service from GIFT City, this means every dollar of management fee, performance fee, and advisory fee collected in convertible foreign exchange is tax-free for two decades. The saving is substantial regardless of which baseline you choose. Against the US federal rate of 21%, a USD 10 million annual fee book saves approximately USD 2.1 million per year — USD 42 million over the holiday. Against the UK’s 25% rate, USD 50 million. And for a foreign company operating through a branch in India — which would otherwise face an effective Indian tax rate of approximately 36–38% (at the base rate of 35% effective from FY 2024-25, plus surcharge of 2–5% and 4% health and education cess) — the saving is approximately USD 3.7 million per year, or over USD 70 million over two decades. The GIFT City incentive does not merely match competing financial centres; on the arithmetic of enacted legislation, it exceeds them.

The TDS Problem — Solved: CBDT Notification 67/2025

Until June 2025, GIFT City FMEs faced a persistent cash-flow irritant: 10% tax deduction at source on every fee payment received, requiring annual refund claims with 12–18 month processing cycles. CBDT Notification No. 67/2025, dated 20 June 2025 and effective 1 July 2025, eliminated this entirely. FMEs — including PMS operators, AIFs, and mutual fund companies — now receive 100% of their fees gross, provided they furnish a statement-cum-declaration in the prescribed form to each fee payer. This is a compliance calendar item, not a structural burden. It aligns GIFT City’s cash-flow position with Singapore, Hong Kong, and Dublin.

The Provision Nobody Reads: Section 9A

Section 9A of the Income-tax Act is, in my assessment, the most commercially transformative provision in India’s IFSC framework — and the least discussed in asset management circles. It provides that fund management activity carried out through an eligible IFSC-based fund manager on behalf of an eligible offshore fund does not constitute a “business connection” in India for that offshore fund. The consequence: the offshore fund pays zero Indian tax, even though investment decisions are made from Indian soil.

Budget 2025 extended the Section 9A sunset to 31 March 2030 and relaxed several conditions for IFSC-based managers. The practical implication is striking. A GIFT City Principal Officer — the same individual who satisfies IFSCA’s substance requirements under Regulation 7(7) of the Fund Management Regulations 2025 for Indian PMS clients — can simultaneously make investment decisions for the firm’s offshore fund vehicles without those vehicles acquiring Indian tax liability. One office, one set of key managerial personnel, serving both Indian resident clients and global offshore portfolios. The “minimum viable” GIFT City operation that global managers reluctantly contemplate as a regulatory overhead is, properly structured, a regional fund management hub at zero tax.

I emphasise the caveat: Section 9A has specific conditions relating to fund corpus, investor diversification, and manager remuneration. These must be mapped with precision by qualified tax counsel. But the directional intent is unmistakable — India wants IFSC-based managers to manage global capital.

Transaction-Level Exemptions: The Compounding Effect

Beyond the entity-level tax holiday, GIFT City eliminates transaction-level friction that compounds across an actively managed portfolio. Securities Transaction Tax: nil. Commodities Transaction Tax: nil. Stamp duty: nil. GST on financial services: zero-rated as export of services. For a USD 500 million portfolio with 200% annual turnover, the STT saving alone — at the equity delivery rate of 0.1% — is approximately USD 1 million per year. These are not headline numbers, but for an operations team modelling total cost of ownership, they shift the calculus.

Non-resident investors benefit additionally from Section 10(4D), which exempts income of specified IFSC funds — including Category-III AIFs — from Indian tax to the extent attributable to non-resident unitholders. Section 10(4E), as amended by Finance Act 2025, extends this to OTC derivatives and offshore derivative instruments transacted through IFSC banking units. For portfolio managers whose strategies employ derivative overlays, this is a genuine expansion of the tax-efficient investment universe.

The Compliance Architecture: What the Incentive Framework Demands

Every incentive has a compliance condition. The conditions here are real and must not be minimised in any honest assessment.

First, the foreign-currency requirement: Section 80LA (now Section 147) mandates that the income must be received in convertible foreign exchange. All management fees must be invoiced and collected in USD, EUR, or GBP through IFSC Banking Units. Indian resident clients remitting under the Liberalised Remittance Scheme do so in foreign currency, so the condition is organically satisfied for PMS — but the banking and documentation architecture must be structured from Day 1.

Second, substance: IFSCA’s Fund Management Regulations 2025 require that the “proposal on the portfolio composition shall be initiated by a person who is based in the office of the FME in the IFSC.” This is not a formality. On 2 May 2025, IFSCA issued its first enforcement action on substance — a formal warning to an FME whose key managerial personnel were not physically present during unannounced surprise visits. The message is clear: GIFT City is not a brass-plate jurisdiction. If you claim the tax holiday, you must have real people making real decisions from a real office in GIFT SEZ.

Third, Section 9A conditions: the safe harbour is not a blank cheque. Fund corpus limits, investor diversification requirements, and remuneration thresholds must be individually mapped. A global manager who assumes Section 9A compliance based on a pitch deck rather than a provision-by-provision analysis is building on sand.

The Structural Argument

The distinction between a tax shelter and a tax architecture is not semantic. A shelter is a structure designed to avoid tax that would otherwise be payable, typically through treaty arbitrage or artificial arrangements. GIFT City is the opposite: it is a sovereign statutory framework — enacted by Parliament, gazetted by the Central Board of Direct Taxes, and enforced by the IFSCA — that creates genuine incentives for genuine operations. The incentives are large. The conditions are real. And the compliance infrastructure — from IFSCA’s unannounced inspections to the foreign-currency requirement to the substance test — is designed to ensure that only entities with real operations in GIFT City benefit.

For the global asset management industry, the strategic question is no longer whether GIFT City’s incentives are credible. They are enacted law. The question is whether global managers will evaluate GIFT City as a cost to bear for Indian market access — or as a platform to leverage for tax-efficient global fund management. The law supports the second reading. The numbers demand it.

About the Author: Advocate Aaditya Bhatt is the Senior Partner at Bhatt & Joshi Associates, a law firm established in 1978 and based in Ahmedabad. He practices at the Gujarat High Court and has served as Senior Standing Counsel for the Income Tax Department. He holds a B.E. from L.D. College of Engineering and an LL.B. from Sir L.A. Shah Law College. BJA’s practice spans tax litigation, corporate disputes, arbitration, banking law, admiralty law, GIFT City/IFSC advisory, white collar crimes amongst other areas of law..

Disclaimer: The views expressed are personal and do not represent the views of the Income Tax Department or any government authority. This article is for informational purposes and does not constitute legal or tax advice.

New Delhi [India], May 6: As Indian consumers grow more conscious about what they eat, there’s a clear shift toward foods that offer both nutrition and versatility. Superfoods are no longer niche—they’re steadily finding a place in everyday kitchens. Among these, U.S. cranberries are gaining attention for their balance of health benefits, tangy flavor, and ease of use across different cuisines.

1. Boosts Immunity Naturally

U.S. cranberries are a rich source of vitamin C and antioxidants, both essential for building resistance against infections, especially during seasonal changes. A few dried cranberries daily can help keep your immune system strong—naturally.

2. Blends Beautifully with Indian Cuisine

Cranberries pair surprisingly well with Indian flavors. Use dried cranberries in poha, pulao, or laddoos, or add cranberry juice to chutneys and marinades. The tartness balances the spices and enhances overall taste.

3.  Supports Women’s Health

Cranberries are especially well-known for promoting urinary tract health, making them an important addition to women’s wellness routines. Regular intake of cranberry juice or dried cranberries may help prevent common infections naturally.

4. Smart Snacking Made Nutritious

With good cholesterol or added fats, dried cranberries are a nutritious addition to your daily routine. Toss them into trail mixes, blend them into smoothies, or enjoy them as a convenient on-the-go snack.

5. Available Year-Round in Convenient Forms

US Cranberries are accessible in India in multiple convenient forms—dried, frozen, powdered, and as juice or extract. This makes it easy to incorporate them into daily meals, whether you’re cooking, baking, or blending or just snacking.

As Indian consumers continue to explore superfoods that support holistic health, U.S. cranberries offer a unique combination of nutrition, taste, and global quality assurance. Whether you’re a home chef, a parent, or a fitness enthusiast, cranberries bring a world of wellness to every plate.

US cranberries are easily available in India now with dry fruits stores and e-commerce platforms.

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How Whole Woofs is closing the import gap that the country’s $7-billion pet boom forgot to fix.

New Delhi [India], May 6: Walk into a premium pet store in Mumbai, Bengaluru, or Delhi and a familiar scene plays out. A young pet parent, phone in hand, a senior Labrador’s joint problem on her mind, turns over a bottle, squints at the colony-forming-unit count, and frowns. The dosage is too low. The strain count is thin. The brand she actually wants sits on a US storefront, three weeks and a customs lottery away, marked up hard by the time it reaches Andheri.

This has been the unglamorous bottleneck of India’s pet wellness boom. The country’s pet care market is marching toward $7 billion. FMCG conglomerates and pharma majors are crowding into food and feed. Yet high-potency therapeutic nutraceuticals have remained under-served, leaving pet parents to choose between underdosed local multivitamins and an “import trap” of expensive, slow, counterfeit-prone US SKUs. Into that gap, in September 2025, stepped Whole Woofs.

Whole Woofs’ brief is unusually narrow. Not a food brand, not a wellness lifestyle play but a clinical pet nutrition company that sells clean highest quality dog supplements, full stop.

The thesis is import substitution at the formulation level: match American clinical-brand potency, manufacture in India to GMP, HACCP, ISO 9001 standards, and price for Tier-1 pet parents done pretending a multivitamin biscuit counts as preventive care.

“We were buying high-potency probiotics for our own dog and shipping them back to family pets in India,” says Dr. Ketan Bacchuwar, Founder. “The science and manufacturing both exist in India today. Nobody had put them together with the dosing discipline of a pharmaceutical product.”

The label does the talking. The Pre & Probiotic packs 9.6 billion CFUs across 13 strains, an order of magnitude above most Indian supplements. The Oral & Dental Care SKU pairs 2 billion CFU probiotics with five digestive enzymes, clinical in a category of flavoured dental sticks. A third product, Shroom Power, introduces a six-mushroom immunity blend.

The depth sits in the founding team. Dr. Bacchuwar and Shrawani P., the husband-and-wife pair at the heart of the venture, operate across the US-India corridor, running the company from a base in the Pacific Northwest while building on the ground in India: clinical-grade benchmarks on one side, execution proximity on the other.

They knew what good looked like: they had been buying it for their own Golden Doodle, Nova, “Nova was getting older, and we were on a preventive-care routine that wasn’t replicable in India for friends asking what to give their dogs,” Bacchuwar recalls. “That was the moment the gap stopped being an annoyance and became a business.”

Joining them are Anirudha Mitkar, who built operational rigour inside Mattel’s China operations, and Manish Sevlani, a serial consumer-business entrepreneur in India. Clinical conviction at one end of the table, manufacturing discipline in the middle and India execution at the other.

Six months in, what the company has not done is more telling. No retail-shelf land grab, no celebrity endorsement, no marketplace discounting. It has stayed on its own website, letting veterinary endorsement do the work paid acquisition usually does. In a category where supplements trade like one-off impulse buys, Whole Woofs is building the clinical layer of India’s pet care stack.

A small-animal veterinarian in Mumbai who recommends the brand puts the gap plainly: “We have been waiting for a domestic supplement we can prescribe with the same confidence as US imports. Most of what’s on Indian shelves, I cannot in good conscience suggest for a senior dog with a real condition.”

The under-served middle has been visible for years. What has changed is the supply side. Indian contract manufacturing has matured into nutraceutical-grade capacity that holds the GMP, HACCP, ISO 9001 tolerances clinical supplements require. The import trap was never a demand problem, it was a supply-chain one.

No one has convincingly owned the OTC clinical supplement layer between food and pharma. Mass brands chase affordability. Vet-prescription lines build inside clinics. The OTC clinical middle is structurally underbuilt, and the brand that sets the trust baseline tends to keep it.

Trust, in this category, is path-dependent. The first formulation a vet recommends and a pet parent re-orders becomes the default.

The roadmap points in three directions: deeper clinical lines; partnerships with metro veterinary networks; and a measured external raise to expand manufacturing and expansion outside India.

“We are not in a hurry to be the loudest brand in the category,” Bacchuwar says. “We would rather be the brand a vet recommends without thinking about it, five years from now.”

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New Delhi [India], May 5: India’s foremost etiquette consultant and former Femina Miss India, Konkana Bakshi, is redefining post-pageant success — equipping titleholders with the professional poise, international social grace, and personal brand authority that transform a crown into a career.

Winning a beauty pageant is only the beginning. Once the sash is draped and the crown is placed, a titleholder steps into a world that demands far more than physical grace — it demands international etiquette, confident self-presentation, and a well-defined personal brand. Konkana Bakshi, one of India’s most distinguished image and etiquette consultants and a former Femina Miss India titleholder herself, is the woman that pageant organisations across India now turn to for precisely that transformation. 

Through her luxury finishing institution, Savoir Faire Académie, founded in Mumbai in 2013, Bakshi has designed a specialised curriculum that takes pageant winners through the nuances of royal protocol, business etiquette, social comportment, signature style development, and strategic self-branding — skills that are rarely taught but always noticed on the world stage.

“A crown is a symbol — but how you carry yourself once you wear it is the real statement. Etiquette is not about rules; it is about making every person in the room feel significant in your presence.” — Konkana Bakshi, Founder, Savoir Faire Académie

From Crown to Consultant: A Journey Rooted in Purpose

Bakshi’s credentials are as polished as the women she mentors. A winner of the Miss Elegance World 2008 title and the Miss India East 2009 pageant, she represented India on international stages, including Miss Elegance World and Chinese Miss World. It was during her travels across Europe — attending finishing schools in the United Kingdom and France — that she identified a glaring gap in the Indian professional and social landscape: the complete absence of world-class etiquette education tailored to Indian professionals, executives, and public figures.

Backed by internationally recognised credentials — accredited by the prestigious Emily Post Institute in Vermont, USA, as a Business Etiquette Consultant and by the London Image Institute as a licensed Image Consultant — Bakshi returned to India with a singular mission: to build India’s first bespoke luxury finishing school.

The Curriculum That Creates Crowned Professionals

Savoir Faire Académie’s pageant-winner programme is not a charm school in the conventional sense. It is a structured, results-oriented coaching engagement that covers royal etiquette and protocol, business and social etiquette, signature style and colour analysis, personal branding and self-presentation, fine dining and event comportment, cross-cultural communication, and media interaction skills.

What distinguishes Bakshi’s approach is its deeply personalised methodology. Sessions are designed around the individual — factoring in personality, lifestyle, career aspirations, and public responsibilities. Every titleholder walks away not just with etiquette knowledge, but with a distinct, internalised identity that holds up under the scrutiny of international stages, corporate environments, and media appearances.

Recognition, Reach & Real Impact

Savoir Faire Académie is located at the iconic Trident Hotel in Mumbai — itself a statement of premium positioning — and has trained professionals ranging from corporate leaders and entrepreneurs to royalty and public figures. Bakshi has also been appointed as Advisor to the Foundation for Health and Learning Empowerment (FHLE), where she leads youth empowerment and leadership development initiatives.

Her thought leadership extends to print as well. Her book The Art of Savoir Faire: Social Skills & Professional Grace is considered an essential guide for professionals navigating the often-overlooked intersection of etiquette, personal branding, and social intelligence in a globalised world.

Why Etiquette Training Matters for India’s Pageant Champions

India has long celebrated its beauty queens — from Sushmita Sen and Aishwarya Rai to Priyanka Chopra and Harnaaz Sandhu — but the pathway from pageant podium to sustained professional excellence requires a layer of preparation that goes beyond rehearsed answers and runway walks. As India’s pageant ecosystem matures and its titleholders increasingly represent the country in diplomatic, corporate, and philanthropic spheres, the need for expert etiquette and image coaching has never been more pressing.

Bakshi is not just filling a market gap — she is raising a standard. Her work demonstrates that the most powerful asset a pageant winner can carry is not a title, but the confidence, grace, and authentic presence to honour it long after the spotlight fades.

ABOUT KONKANA BAKSHI

Konkana Bakshi (born 1993) is the Founder and Director of Savoir Faire Académie, India’s premier luxury finishing school, established in Mumbai in 2013. The 32-year-old consultant and former Femina Miss India and winner of Miss Elegance World 2008, is accredited by the Emily Post Institute (USA) and the London Image Institute (UK). She is the author of The Art of Savoir Faire: Social Skills & Professional Grace and serves as Advisor to the Foundation for Health and Learning Empowerment (FHLE). She is based in Mumbai.

MEDIA CONTACT: Savoir Faire Académie | Trident Hotel, Nariman Point, Mumbai
 Website: www.savoirfaireacademie.in

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By Yamini Agarwal, Director (Marketing & Communications), Nimbus Group

New Delhi [India], May 6: Real estate, at its core, is a long-cycle business. It rewards patience, discipline, and the ability to read not just markets, but cities in transition. Over the past three decades, the National Capital Region has undergone multiple phases of urban expansion, each shaped by infrastructure, capital flows, and changing consumer aspirations.

For Nimbus Group, the journey has been closely aligned with this evolution. What began as part of a broader financial services ecosystem gradually expanded into real estate development, with a consistent focus on execution and long-term value creation. The emphasis was never on scale for its own sake, but on building projects that respond meaningfully to the context in which they are developed.

Delivery as a defining principle

In a sector where credibility is often tested over time, delivery has remained the most critical differentiator.

Nimbus Group’s early developments, including Nimbus The Arista Luxe, The Golden Palms, Express Park View, and The Hyde Park, contributed to shaping residential demand along the Noida Expressway and Greater Noida corridors at a time when these micro-markets were still emerging. These projects were not positioned as standalone offerings, but as part of a broader urban fabric, where connectivity, accessibility, and community infrastructure were becoming increasingly important.

More importantly, they reflect a philosophy that continues to guide the group’s approach: that real estate is not simply about constructing buildings, but about enabling environments where people can live with predictability and comfort.

This philosophy has also extended to taking on complex projects, including the completion and revival of stalled developments. In an industry recalibrating itself around accountability, such interventions are no longer optional; they are essential to restoring trust.

Responding to a more discerning buyer

The NCR residential market today is fundamentally different from what it was a decade ago. The shift is not just in price points, but in expectations.

Homebuyers are increasingly evaluating projects through a multi-dimensional lens: quality of planning, density, access to open spaces, long-term maintenance, and the overall experience of living. The idea of a home has expanded beyond four walls to include the ecosystem that surrounds it.

Nimbus Group’s current and upcoming developments reflect this shift.

Projects such as Nimbus The Palm Village along the Yamuna Expressway are aligned with the emerging model of self-sustaining urban clusters, where residential development is supported by infrastructure, connectivity, and evolving economic activity.

At the same time, the group’s premium offering, Nimbus The Arista Luxe, represents a more nuanced response to the growing demand for lifestyle-oriented living. Rather than viewing luxury purely through the lens of scale or specifications, such developments focus on spatial planning, design sensibility and the overall quality of the living environment.

This transition toward more curated, lifestyle-led developments is not incidental. It is a reflection of a market that is becoming more mature and more selective.

Aligning with the next phase of urban growth

The emergence of new infrastructure nodes, particularly around the Noida International Airport, is likely to redefine NCR’s growth trajectory. Unlike earlier phases that were driven largely by connectivity, the current cycle is increasingly anchored in economic activity, industrial development, and employment generation.

This has important implications for real estate.

Markets that evolve around employment tend to demonstrate greater depth and resilience. They move beyond speculative cycles and begin to attract long-term residents, institutions and businesses.

Nimbus Group’s expansion into these emerging corridors is therefore not just a function of land availability. It is a strategic alignment with where the next phase of urban growth is expected to unfold.

A measured approach to growth

As the real estate sector matures, the parameters of success are also shifting.

Speed of launches is no longer the primary metric. Consistency of delivery, quality of execution and the ability to create enduring value are becoming far more relevant. For developers, this requires a recalibration, from volume-driven expansion to more considered, disciplined growth.

At Nimbus, this shift is both intentional and necessary.

The objective is not to build more, but to build better. To create developments that remain relevant not just at the point of sale, but over the lifecycle of the asset.

Looking ahead

The next decade of urbanisation in NCR will be shaped by a more complex interplay of infrastructure, economic activity, and consumer behaviour. It will demand greater responsibility from developers and a deeper understanding of how cities function.

For Nimbus Group, the focus remains clear: to continue building with intent, to prioritise delivery, and to participate meaningfully in the shaping of emerging urban ecosystems.

Real estate, ultimately, is not about projects. It is about permanence.
And permanence can only be built on trust, discipline, and a long-term view of the city.

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Partnership opens doors for PGDM students to earn a globally recognised MSc degree from one of the France’s top-ranked business schools

Bengaluru (Karnataka) [India], May 6:  ABBS School of Management (ABBSSM), one of the India’s premier management institutions affiliated to AICTE and approved by AIU, is pleased to announce the signing of a Study Abroad Agreement with ESCE International Business School, a prestigious institution under the OMNES Education group based in Paris, France. The agreement establishes a structured pathway for ABBSSM students to pursue internationally accredited MSc programmes at ESCE.

ESCE, ranked among the Top 200 Master’s in Management programmes globally in the QS 2024 rankings and EFMD certified, offers CGE-certified MSc Fast Track programmes across four high-demand specialisations: International Corporate Finance, International Business Development, International Marketing, and Global Supply Chain. Under this agreement, PGDM 1st and 2nd year students from ABBSSM will have the opportunity to study for a full academic year at ESCE’s Paris campus, completing the Fast Track M2 of an MSc programme and earning the ESCE degree upon successful completion.

Speaking on the occasion, Dr Madhumita Chatterji, Director of ABBS School of Management, said, “This collaboration with ESCE marks a significant milestone in our commitment to providing world-class education with a global outlook. Our students will gain invaluable international exposure, cross-cultural competencies, and a dual credential that will set them apart in the competitive global job market. We are proud to partner with an institution of ESCE’s calibre and look forward to a long and fruitful relationship.”

Key Highlights of the Agreement:

• Programme Duration: 15 months starting in the Fall intake or 18 months starting in the Spring intake, ensuring flexibility for students.
• Degree Outcome: Students will earn the ESCE MSc degree upon completion, along with the ABBSSM PGDM credential – providing a powerful dual qualification.
• Tuition Benefit: ABBSSM students will receive a discount on the tuition fee, making this premium international education more accessible.
• Language: All programmes are taught in English, with a minimum IELTS score of 6.0 or equivalent institutional attestation required.
• Credit Transfer: Full credit transferability is assured.

A Broader Vision for Internationalisation:

Beyond student mobility, the agreement lays the groundwork for a wide range of collaborative initiatives between the two institutions, including student exchange programmes, dual degree options, joint research projects, faculty exchanges, executive education programmes, collaborative virtual projects, and joint conferences and publications. Both institutions have committed to promoting mutually beneficial activities in education, research, and the internationalisation of higher education.

About ABBS School of Management (ABBSSM)

Founded in 2009 and registered under the Samagra Sikshana Samithi Trust, ABBS School of Management (ABBSSM)is an AICTE-affiliated and AIU-approved institute offering a two-year Post Graduate Diploma in Management (PGDM). Located in Bangalore, India’s innovation capital, ABBSSM is dedicated to nurturing future business leaders with a strong emphasis on academic rigour, industry readiness, and global exposure.

About ESCE International Business School

Part of the OMNES Education group, ESCE is a leading private higher education institution in France with campuses across France and Europe. EFMD certified and ranked in the Top 200 Master’s in Management globally by QS (2024), ESCE specialises in business programmes with a strong international orientation. The institution is represented by Mrs Elisabetta Magnaghi, General Director and Dean.

Media Contacts

Dr. Nita Samantaray, 
Manager -Outreach & Communication
ABBS School of Management, Bengaluru
Email: dr.nita@abbs.edu.in

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Mumbai (Maharashtra) [India], May 6: In CMPL Expo 2026, one of the top business convergent events of Asia, SB Infowaves became a point of great interest as the stall in Booth E-57, Jasmine Hall, Level 3, witnessed huge footfall.

Starting from the very beginning of the event, there was never a shortage of people visiting the booth; in fact, queues began to form in the middle of the morning, emphasizing the increasing recognition of the company across the country and even worldwide.

Founder and Managing Director Shreya Parasrampuria spearheaded the interactions with the visitors, gaining appreciation for simplifying complicated questions related to digital transformation. This was ably assisted by Pradipta Ghosh and Romit Atta, members of the SB Infowaves Team.

“Unmatched energy surrounds this place with conversations having an aim and drive,” said Pradipta Ghosh, adding that there were several cases where discussions at the expo itself turned out to be consultation sessions after the expo.

Interest among the audience showed that the major products of the company, i.e., AI agents, artificial intelligence-enabled business automation, and performance marketing services, were the most intriguing, as was apparent from the demand for intelligent and scalable products and services. There were many people who scheduled meetings for onboarding sessions immediately following live demonstrations of AI agents.

The performance marketing solutions offered by SB Infowaves, which centered on the delivery of data-based campaigns and return on investment optimization, were equally appreciated by retail/e-commerce organizations through various case studies demonstrating lower acquisition costs and higher customer lifetime value.

As many business executives, venture capitalists, and innovation experts attended the CMPL Expo 2026, the exceptional performance of  SB Infowaves showcased the strength and leadership of their products/services. It seems people are extremely keen for Performance Marketing and AI sales agents. Booth E-57 will remain an important focus area during the rest of the event.

Steel Exchange India Limited (NSE: STEELXIND, BSE: 534748), one of the leading integrated steel manufacturers in South India and a trusted name in TMT rebars under the brand SIMHADRI TMT, has received renewal of approval from the Military Engineer Services (MES) under the Ministry of Defence for the supply of its TMT bars.

The renewed approval covers TMT bars of grade Fe 500D and Fe 500D HCRM in the size range of 8 mm to 32 mm, manufactured at the Company’s integrated steel plant at Sriram Puram, Vizianagaram, Andhra Pradesh, using TEMPCORE technology.

The approval has been renewed for a period of five years, reinforcing the Company’s continued compliance with MES’s stringent quality standards, technical evaluations, and inspection protocols.

MES approvals are granted to a select set of manufacturers meeting rigorous criteria, creating a high entry barrier vendor base. This renewal reflects Steel Exchange India’s consistent focus on quality, process discipline, and adherence to prescribed standards over time.

The approval remains subject to ongoing compliance requirements, including testing as per IS 1786:2008 standards and periodic inspection of manufacturing processes and quality systems by MES authorities.

With this renewal, the Company continues to remain eligible to participate in MES projects, strengthening its presence in institutional and government-linked infrastructure segments.

Commenting on the update, the management of Steel Exchange India Limited said: “This renewal reflects our consistent focus on quality and disciplined execution, which are critical for institutional supply. It reinforces our position in a segment characterized by stringent standards and high entry barriers. We see this as an important step in sustaining our participation in MES projects and strengthening our presence in government and infrastructure-linked segments.”

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New Delhi [India], May 6: In a decisive assertion of India’s rising influence within the global luxury landscape, XII NOON has announced its arrival as a new sovereign name in ultra-luxury timekeeping, positioning itself not merely as a participant in the world of fine horology, but as a house intent on defining its own category.

Built on the philosophy of “Make with India for the World,” XII NOON brings together Swiss movement precision, Belgian craftsmanship, and culmination in Bharat, representing a distinctive expression of Indian authorship in the global ultra-luxury segment. The house is shaped by exclusivity, cultural depth, and an enduring sense of identity.

“This is not luxury conceived for reach; it is luxury conceived for recognition.”

Ownership Granted. Not Sold.

At the heart of XII NOON lies a philosophy that departs from conventional luxury retail structures. Rather than pursuing volume-led growth, the house operates through an invitation-led ownership framework in which acquisition is not openly transacted, but selectively extended.

This controlled access model preserves scarcity while elevating stature, reinforcing the principle that true luxury is not accessed by many, but recognized by few.

Within XII NOON, ownership is not transactional. It is positional.

A Curated House of Signature Creations

The house presents a portfolio that extends beyond timekeeping into objects of cultural permanence. Its signature creations include:

• Signature Edition — a refined women’s timepiece defined by elegance and individuality
• The Bharat Edition — a tribute to India’s sovereign identity and enduring heritage
• Burj Khalifa Edition — a global expression of architectural excellence
• Vajra Pen Collection — a symbolic extension of legacy beyond chronology

These are not products designed for circulation. They are objects designed for inheritance.

The Discipline of Rarity

Luxury, within the XII NOON framework, is not expressed through availability. It is expressed through restraint. Annual production is limited to 45 timepieces, reinforcing rarity, long-term value, and collectible prestige. Every piece is treated as a singular creation, aligned with the identity and stature of its owner.

This is exclusivity not as a feature, but as strategy.

Beyond Timekeeping: The Philosophy of Vajra

Extending beyond horology, XII NOON introduces the Vajra Pen Collection, translating the language of legacy into writing instruments. Rooted in cultural symbolism and permanence, Vajra is built on a singular belief:

“Not everything that defines legacy is worn. Some of it is written.”

India’s Assertion in Global Luxury

Founded by a 24-year-old global golfer with academic foundations from the London School of Economics and Harvard Business School, XII NOON reflects a rare synthesis of international exposure and sovereign Indian identity. The house stands at the intersection of heritage and modern authorship.

Its guiding philosophy — Reduced Elements. Increased Dominance. — defines a minimal yet commanding approach to ultra-luxury. As India’s voice within the global luxury economy continues to strengthen, XII NOON does not merely participate in the conversation.

For more details log onto www.xiinoon.in

XII NOON does not follow time

XII NOON defines it.

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New Delhi [India], May 4: India’s infrastructure and construction landscape continues to evolve at scale. From highways and urban expansion to mining and industrial development, the demand for reliable and efficient machines has never been higher. Contractors today require equipment that delivers consistent performance, fuel efficiency, and durability across long working cycles.

The R210E Excavator is designed to meet these expectations. Positioned as a versatile hydraulic excavator, it combines advanced hydraulic systems, intelligent fuel-saving features, and reinforced structural components.

Built for Versatility Across Construction and Mining

The R210E functions as both a construction excavator and making it suitable for a wide range of applications.

It performs effectively in:

• Road and highway construction
• Quarry and aggregate handling
• Urban infrastructure development
• Land development and excavation

Its strong digging capability and stable design allow it to handle varying soil conditions with ease, making it a dependable machine in construction equipment.

Key Features of the R210E Excavator

1. Advanced Hydraulic Performance

The R210E Excavator is equipped with Electro Hydraulic Flow Control, designed to improve speed and precision.

• Variable displacement piston pump adjusts flow based on workload
• Fast synchronisation between the joystick and hydraulic components
• Smooth and responsive operation across tasks

This ensures higher productivity in repetitive digging and loading operations.

2. Fast Response with Negative Flow Control

The excavator incorporates Negative Flow Control, which maintains standby hydraulic pressure when components are idle.

• Faster response to operator input
• Reduced hydraulic lag
• Improved fuel efficiency during operation

This results in better control and quicker cycle times.

3. High Digging Performance

The machine is engineered for strong excavation capability.

• Excellent digging forces for efficient material removal
• Designed to handle tough soil conditions with reliability

This makes it suitable for both construction and mining environments.

4. Intelligent Fuel Efficiency Systems

Fuel efficiency is a key factor in equipment performance.

The R210E Excavator integrates:

• One-touch deceleration to reduce engine RPM instantly
• Auto-idle function to lower engine speed during inactivity
• Fuel Saving Kit that reduces unnecessary fuel consumption

Additionally, Swing Priority improves hydraulic efficiency during combined operations, enhancing productivity while maintaining fuel control.

5. Smart Monitoring and Control

The excavator features a Digital Cluster with Colour Display.

It provides:

• Real-time monitoring of oil and coolant temperature
• Machine status and performance data

Operators can select:

• Three power modes
• Two work modes
• Two user-defined modes

This flexibility allows the machine to adapt to different job requirements.

6. Operator Comfort and Convenience

Operator efficiency is critical for productivity.

The R210E Excavator includes:

• Removable floor mat for easy maintenance
• Bluetooth-enabled FM radio
• LED lamps for improved visibility

These features enhance comfort and usability during long working hours.

7. Reinforced Structural Durability

Durability is essential for heavy-duty applications.

The R210E Excavator incorporates:

• Strong boom and arm with improved profile
• High tensile steel construction
• Dimple bushes for better lubrication retention
• Polymer shims for resistance to wear and corrosion

The forged ring body enhances structural integrity and machine life.

The rugged undercarriage ensures stability and durability across rough terrains.

8. Reliable Safety Systems

Safety is a critical component of modern construction equipment.

The R210E Excavator includes:

• Automatic engine overheat prevention system
• Anti-restart system to protect engine components
• Optional emergency shutdown switch

An added tank cowl protects the fuel tank from external impact during operations.

These features ensure safer and more reliable operation in demanding conditions.

Why It Stands Out in India’s Excavator Market

The R210E Excavator delivers a balanced combination of:

• Strong digging performance
• Fast hydraulic response
• Fuel-efficient operation
• Reinforced durability
• Operator-focused design

These strengths make it a preferred choice for contractors looking for a dependable crawler excavator across applications.

Conclusion

As infrastructure and mining projects continue to grow, the demand for efficient and durable machines will only increase. The R210E Excavator meets this demand with a combination of advanced hydraulics, intelligent fuel-saving systems, and robust construction.

Whether used as a construction excavator or a general-purpose hydraulic excavator, it delivers reliable performance across diverse job conditions. For contractors seeking dependable and high-performing construction equipment, the R210E stands as a strong and practical choice in today’s evolving market.

If you object to the content of this press release, please notify us at pr.error.rectification@gmail.com. We will respond and rectify the situation within 24 hours.