Techtextil India 2025 commences: Ushering in a new era for functional textiles

Ms Sabine Scharrer, Director, Brand Management, Technical Textiles and Textile Processing, Messe Frankfurt GmbH

Guest of Honour, Smt R Lalitha, IAS, Director of Textiles, Department of Textiles, Government of Tamil Nadu

Mr Pramod Khosla, Member of Committee of Administration, The Manmade and Technical Textiles Export Promotion Council (MATEXIL)

Mr Mahesh Kudav, Chairman, Indian Technical Textiles Association

Mr Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holdings Ltd

Mumbai, 19th November 2025: Techtextil India 2025, a premier trade fair for technical textiles, non-wovens and composites, organised by Messe Frankfurt Trade Fairs India, has opened today at Bombay Exhibition Centre, Mumbai, marking its 10th edition. Running from 19 – 21 November 2025, this landmark edition connects 215 exhibitors, including 100 first-time exhibitors to the textile value chain, featuring innovations across 12 application-based textile segments.

With the ever-growing textiles industry, the show’s dynamic agenda features 300+ brands, a dedicated Sporttech Pavilion and a German Pavilion - which features 13 brands. Visitors will have ample engagement and networking opportunities to discover next-generation solutions and deepen partnerships at this vital B2B event.

The show was inaugurated in the august presence of distinguished dignitaries, including:

Guest of Honour, Honourable Smt R Lalitha, IAS, Director of Textiles, Department of Textiles, Government of Tamil Nadu, Mr Pramod Khosla, Member of Committee of Administration, The Manmade and Technical Textiles Export Promotion Council (MATEXIL), Mr Mahesh Kudav, Chairman, Indian Technical Textiles Association, Ms Sabine Scharrer, Director, Brand Management, Technical Textiles and Textile Processing, Messe Frankfurt GmbH & Mr Raj Manek, Executive Director & Board Member, Messe Frankfurt Asia Holdings Ltd

Guest of Honour, Honourable Smt R Lalitha, IAS, Director of Textiles, Directorate of Textiles, Government of Tamil Nadu, sharing her experience opined: “The Techtextil India 2025 is an expo that weaves together leading innovators, policymakers and companies to frame appropriate policies for the growing industry. I believe that man-made fibres is the sunrise sector in the future. Concepts like sustainability and circularity will give rise to better technology that could help speed up research and development in India.”

On this milestone occasion, Mr Raj Manek, Executive Director and Board Member, Messe Frankfurt Asia Holdings Ltd, commented: “The Indian textile industry is witnessing a remarkable transformation driven by government support, technological innovation and global demand for sustainable materials. Techtextil India 2025 will not only showcase the latest in technical textiles and nonwovens but also serve as a knowledge-driven hub connecting policy with practice. As the high-value, sustainable and globally competitive textile industry is receiving renewed focus, the synergy between government initiatives and industry platforms such as Techtextil India 2025 will continue to strengthen India’s leadership in the global textile landscape. The show weaves together innovation, collaboration and opportunity to create a more resilient, future-ready industry.”

The 10th edition of Techtextil India is a significant platform for innovation, strategic networking, and opportunity creation for the technical textile sector. The opening day has already seen robust participation, energised discussions and promising collaboration.

The three days will intrigue visitors into in-depth knowledge sessions under Techtextil Symposium, ranging from topics such as new avenues for technical textiles, sustainable textiles, India’s activewear future, exploring circular supply chains, fabrics from waste and more.

The expo has garnered support from key industry bodies, including the Manmade & Technical Textiles Export Promotion Council (MATEXIL), Indian Technical Textile Association (ITTA), Department of Textiles (Government of Maharashtra) and Government of Tamil Nadu as the Partner State. Techtextil India is part of Messe Frankfurt’s Texpertise Network

Nissan India Rolls Out Nationwide Test Drive Carnival

Unveils Post-Festive Drive to Sustain Showroom Buzz and Accelerate Bookings

The initiative aims to maintain high footfall momentum, encourage test drives, and let customers experience the thrill and safety of the 5-Star GNCAP-rated New Nissan Magnite.

Gurugram, 19 November 2025: Nissan Motor India is keeping the celebrations alive through the launch of its Test Drive Carnival, a pan-India initiative designed to sustain customer excitement and drive continued footfall to dealerships across the country. Nissan reported a robust October 2025, due to a strong festive demand for Nissan Magnite during Navratri, Dussehra and Diwali, complemented by the positive impact of the GST rate reduction announced by the Government of India. 

This campaign invites customers to experience the thrill of Nissan’s lineup, including the 5-Star GNCAP-rated New Nissan Magnite, while reinforcing the brand’s commitment to safety, innovation, and customer engagement. As part of its ongoing commitment to customer engagement, Nissan Motor India is inviting prospective buyers to get behind the wheel of the New Nissan Magnite, the brand’s flagship compact SUV, recently awarded a prestigious 5-Star safety rating by GNCAP. This initiative forms a key pillar of Nissan’s broader experiential marketing strategy, combining immersive test drive opportunities with on-ground activations to deepen customer connection and drive showroom momentum.

Throughout November, Nissan Motor India is transforming its dealerships into vibrant community hubs as part of its Test Drive Carnival. The initiative features festive-themed décor, interactive games, and live RJ events across 24 key cities, creating an immersive and celebratory atmosphere. Visitors can participate in engaging quizzes, win exciting giveaways, and meet their favourite radio personalities, all while experiencing the thrill of driving the 5-Star GNCAP-rated New Nissan Magnite. The campaign is designed to foster deeper customer engagement and bring the festive spirit to life at Nissan showrooms nationwide.

“The Test Drive Carnival is a celebration of the season and an invitation to experience the refined excellence of the New Nissan Magnite,” said Mohan Wilson, Director, Marketing and Corporate Strategy, Nissan Motor India. “From its advanced safety features to dynamic performance and unmatched value, the Magnite exemplifies what it means to be consistent in its segment. We believe that once customers take the wheel, they’ll discover a driving experience that’s truly a class apart.”

The campaign is being elevated through a strategic 360-degree media approach, encompassing television, print, radio, digital, and social platforms. In 24 key cities, radio activations will feature engaging on-air mentions by RJs and exclusive live RJ interactions at Nissan dealerships, creating immersive touchpoints for listeners. Now’s the perfect time to visit your nearest Nissan dealership! Enjoy exciting offers and exclusive benefits on bookings made before 20th November.

And that’s not all — even more exclusive deals are lined up right after!

Exclusive offers during the campaign

To further enhance the excitement, Nissan dealerships are offering special benefits for customers who book during the campaign period:

(All India except South Zone)

Exchange Benefits: Up to ₹60,000

Cash Benefits: Up to ₹15,000

Early Booking Extra Cash Benefit: Up to ₹11,000

(South Zone)

Exchange benefits: Up to ₹60,000

Cash benefits: Up to ₹10,000

Finance @ 6.99%

Early booking extra cash benefit: Up to ₹11,000

Adding to its strong market momentum, the New Nissan Magnite recently earned a prestigious 5-Star Safety Rating in Global NCAP crash tests, reinforcing its reputation as one of the safest compact SUVs in its segment. Moreover, by extending the full GST benefit to customers, Nissan reduced prices on the New Nissan Magnite by up to ₹1 lakh, making the SUV even more accessible and value-driven. With the extended full GST benefit reducing prices by up to ₹1 lakh, and the launch of the KURO Special Edition in Metallic Grey, Nissan continues to excite customers nationwide with fresh offerings and innovation. 

With its bold presence and expanding footprint across over 65 countries, the Made-in-India New Nissan Magnite continues to embody Nissan’s “One Car, One World” philosophy — representing quality, innovation, and excellence from India to the world. 

Visit your nearest Nissan dealership to test drive the Magnite and be part of the Test Drive Carnival celebrations.

Flipkart Group Diverts Over 21,000 Tonnes of Waste Annually Across Its Supply Chain, Strengthens Zero Waste Systems Nationwide

Waste diversion rates across certified facilities exceed 96% as Flipkart scales structured waste management practices

TRUE Gold Certification from GBCI expands to 12 facilities, reinforcing the company’s waste diversion performance

Bengaluru/ New Delhi - November 18, 2025: Flipkart, India’s homegrown e-commerce marketplace, has successfully diverted over 21,000 tonnes of waste from landfills and incineration annually, achieving a waste diversion rate of over 96 percent across the certified 12 sites. This milestone marks a significant expansion of the company’s Zero Waste efforts since 2023, with eight additional facilities achieving TRUE (Total Resource Use and Efficiency) Gold Certification from Green Business Certification Inc. (GBCI). With this, Flipkart now operates 12 TRUE Gold–certified sites across India, reflecting a scaled and systematic approach to responsible waste management.

TRUE Certification is awarded to facilities that demonstrate best-in-class resource management and divert at least 90% of their waste through reduction, reuse, recycling and recovery. Flipkart’s newly certified sites, such as RDC Calcutta, Sanpka, Farrukhnagar FCSC, Saidham Grocery and FC, Anjaneya, Medchal and Yakubpur, generated 15,846 tons of waste and diverted 15,221 tons, achieving a 96% diversion rate. Further, facilities certified earlier, including Malur BTS FC, Renaissance FCSC, Uluberia FCSC and Farrukhnagar FC, continued to deliver strong performance, diverting 6,481 tons out of 6,537 tons generated, reaching a 99% diversion rate. 

Central to Flipkart’s progress is a comprehensive waste-as-resource approach that prioritises reduction, reuse, redesign, recycling and recovery. Key initiatives include the extensive reuse of returned-shipment cartons within the supply chain, the application of reusable warehouse logistics assets and the deployment of employee-driven solutions through the Moonshine Shop, an internal innovation programme responsible for creating durable and refurbishable transport components that improve efficiency while reducing waste. Flipkart also continues to maintain duplex printing practices across operations and rely on 100% recycled carton materials to strengthen sustainable sourcing.

Commenting on this achievement, Nishant Gupta, Head of Sustainability at Flipkart Group, said, “Our progress reflects a firm belief that waste must be viewed as a resource. The expansion of our TRUE Gold–certified network shows the impact of consistent systems, responsible operations and teams that take ownership of sustainable practices every day. We have built on the foundation set in 2023 and scaled our efforts with stronger data, deeper circularity and a sharper focus on resource efficiency. As we continue to grow, we remain committed to responsible waste management that delivers environmental value and operational gains.”

Flipkart’s structured approach ensures that waste is not merely diverted but processed responsibly and productively. Through its expanded circularity partnerships, paper, plastic and wood scrap are collected at source, sorted precisely, and returned to raw-material suppliers who reprocess them into new finished goods. This circular system reduces pressure on virgin resources and lowers associated environmental impacts. At the same time, it creates operational cost savings through reduced procurement of new materials, lower disposal fees and value realisation from certified recycling streams, reinforcing the economic case for managing waste as a resource.

Alongside its Zero Waste efforts, Flipkart has strengthened employee training on sustainability practices, implemented stricter controls for hazardous and e-waste handling, and introduced improvements across its facilities. These initiatives align with Flipkart’s wider sustainability roadmap, which includes 100 percent paper-based packaging, ~30 MW of rooftop solar capacity, electrification of last-mile delivery through its EV100 commitment, and adherence to green building standards.

Flipkart has also pioneered a large-scale circular economy initiative that has recycled over 26,000 tonnes of paper and improved scrap collection by over 50 percent, further reinforcing its long-term ambition to eliminate waste to landfill across all operations in the years ahead.

About the Flipkart Group

The Flipkart Group is one of India’s leading digital commerce entities and includes group companies Flipkart, Myntra, Flipkart Wholesale, Cleartrip, and super.money. Established in 2007, Flipkart has enabled millions of sellers, merchants, and small businesses to participate in India's digital commerce revolution. With a registered user base of more than 500 million, Flipkart’s marketplace offers over 150 million products across 80+ categories. Today, there are over 1.4 million sellers on the platform, including Shopsy sellers. With a focus on empowering and delighting every Indian by delivering value through technology and innovation, Flipkart has pioneered services such as Cash on Delivery, No Cost EMI, Easy Returns, and UPI payments. Beyond shopping, Flipkart continues to create jobs, empower entrepreneurs, and strengthen India’s digital economy.

Sudeep Pharma Limited’s Rs 895 cr Initial Public Offering to open on Friday, November 21, 2025Price band set at Rs 563 – Rs 593 per Equity Share

Mumbai, November 18, 2025: Sudeep Pharma Limited has fixed the price band of ₹ 563- to ₹ 593 - per Equity Share of face value ₹1/- each for its maiden initial public offer. 

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Friday, November 21, 2025, for subscription and close on Tuesday, November 25, 2025. Investors can bid for a minimum of 25 Equity Shares and in multiples of 25 Equity Shares thereafter. The Anchor Book will be on Thursday, November 20, 2025.

The IPO is a combination of a fresh issue for Rs 95 crore and an offer-for-sale for up to shares 13, 490, 726 by the promoter and promoter group selling shareholders, for Rs 800 crore.

The proceeds from the fresh issue to the extent of Rs 75.8 crore will be for capital expenditure towards procurement of machinery for its production line located at Nandesari Facility 1, Gujarat and general corporate purposes.

The company is a technology-led manufacturer of excipients and specialty ingredients for the pharmaceutical, food and nutrition industries and is dedicated to contributing to the global healthcare ecosystem. The company leverages its inhouse developed technologies for processes such as encapsulation, spray drying, granulation, trituration, liposomal preparations and blending in an effort to drive innovation in our operations. 

It has established a presence in both, domestic and international markets to over 100 countries, including key regions such as the United States, South America, Europe, the Middle East, Africa, and Asia-Pacific. The company is one of the largest producers of food-grade iron phosphate for infant nutrition, clinical nutrition, and the food and beverage sectors, in terms of production capacity with a combined annual available manufacturing capacity of 72,246 metric tons, as of June 30, 2025 (Source: F&S Report). As of the same date, one of its manufacturing Facilities have been approved by the United States Food and Drug Administration (USFDA) for the manufacture of mineral-based ingredients. 

Sudeep Pharma’s scientific precision and quality has helped position us as a trusted partner for customers around the world. The company has served over 1,100 customers, and have built longstanding relationships with marquee customers including Pfizer Inc, Intas Pharmaceuticals Limited, Mankind Pharma Limited, Merck Group, Alembic Pharmaceutical Limited, Aurobindo Pharma Limited, Cadila Pharmaceutical Limited, IMCD Asia Pte. Ltd., Micro Labs Limited, and Danone S.A. 

ICICI Securities Limited and IIFL Capital Services Ltd are the book-running lead manager; and MUFG Intime India Private Limited is the registrar of the offer.

The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not more than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively. 

Notes for Reference: 

Issue Size of the IPO based on the upper and lower end of the price band

Issue Size of the IPO based on the upper and lower end of the price band

 

Price Band

Fresh Issue

OFS (13, 490, 726 equity shares)

Total

Lower Band (@Rs 563)

Rs 95 crore

Rs 759.5 crore

Rs 854.5 crore

Upper Band (@Rs 593)

Rs 95 crore

Rs 800 crore

Rs 895 crore

Turning weather uncertainty into farmer resilience, Bayer launches Alivio, focusing on innovation in the agri-insurance space

Mumbai | November 17, 2025: Indian smallholder farmers are increasingly exposed to erratic weather patterns, long dry spells, rising temperatures, shifting seasons, and high-intensity rains. Findings from Bayer’s Farmer Voice Survey – India 2024 reveal that nearly 9 in 10 farmers already feel the negative impact of climate change on their farms, with 72% expecting reduced yields, 62% anticipating increased crop failures, and more than half reporting frequent droughts, heat waves, or excessive rainfall in recent years. In response, farmers are proactively seeking ways to safeguard their livelihoods. While support to manage financial risk, such as insurance, ranks among the top future needs, an even larger share sees promise in digital and weather-based solutions. In fact, 51% identify access to better digital technologies as most beneficial for their farms, underscoring the growing demand for integrated offerings that combine risk protection with timely, actionable insights. However, despite valuing insurance, many farmers remain dissatisfied with existing systems. Common concerns include uncertainty around claim timelines, lack of clarity on payout amounts, and widespread frustration that compensation rarely reflects the actual scale of losses.

Farmer-First Design Meets Digital Intelligence for Resilient Agriculture

In response, Bayer has launched Alivio - meaning “relief” in Spanish - a pioneering digital solution that reimagines risk mitigation while equipping growers with actionable plot insights, delivered as an integrated, value-adding service via Alivio’s mobile application. Unlike traditional insurance products, Alivio - launched in collaboration with the insurance ecosystem and public sector undertaking United India Insurance - uses high-resolution satellite data and advanced crop modelling to offer growth stage-aligned, plot-based, and geo-contextualized protection.

When plot-based agronomic parameters trigger assurance benefits, farmers can redeem them instantly at nearby Bayer channel partners, ensuring immediate access to quality seeds and crop protection products and avoiding disruptions during the crop cycle.

In practice, this means Alivio identifies and aligns protection with the exact risks farmers perceive as most threatening in their local context—such as prolonged dry spells during flowering or extreme heat during grain filling, etc. By tailoring coverage to these location- and stage-specific vulnerabilities, Alivio ensures that support is meaningful, relevant, and directly connected to the challenges farmers face.

By embedding retailers into its operating model, Alivio taps into the informal trust networks that farmers rely on for buying inputs and advice. This trusted channel makes farmers more open to adopting a new digital product and ensures benefits are accessible where they already make farm decisions.

It also bridges the transparency gap between payout eligibility and farmer awareness in traditional insurance. With instant, data-driven triggers and clear, season-long communication, farmers know exactly when they are protected and when benefits are activated - reducing anxiety during the season.

From Data to Insights and Relief: Farmers Seeing Value Early

The first rollout is targeted at rainfed corn growers in Davanagere, Karnataka and Chhatrapati Sambhajinagar, Maharashtra - areas where repeated dry spells have historically reduced yields. By monitoring plot-based conditions, Alivio will trigger assurance benefits if insufficient soil moisture conditions are experienced by the maize crop during critical growth stages. These benefits will be delivered to growers on their Alivio mobile application and can be redeemed at their nearest channel partner store.

In addition, farmers will receive soil moisture forecasts, spray planning support, and crop scouting recommendations tailored to their plots, to name a few data-driven insights. 

Uptake has been strong, with farmers purchasing Alivio within two weeks of launch. “In the past, when the rains failed, we had no hope during the season. With Alivio, I can see the soil moisture for my own plot, and when it drops too low, the benefit comes quickly. This helps me buy what I need for the crop without delay,” said Nagaraja Huchapla, a corn grower from Davanagere Taluka.

Speaking on the launch, Simon Wiebusch, Country Divisional Head, Crop Science Division, Bayer in India, Bangladesh & Sri Lanka said, “Alivio reflects Bayer’s commitment to putting digital innovation in the hands of those who need it most. By blending agronomic intelligence with intuitive design and trusted local networks, we’re helping smallholder farmers turn uncertainty into informed action, making resilience not just possible, but practical.” 

“For too long, crop insurance has left farmers navigating uncertainty alone. With this launch, we are putting farmers at the center of innovation. By combining satellite intelligence, plot-level insights, growth stage-aligned coverage, and strong ecosystem collaboration, we are delivering solutions that truly respond to farmers’ needs. Together with Bayer and United India Insurance, we are proud to drive the transformation the agri-insurance sector urgently requires,” said Mr. Sanjay Radhakrishnan, CEO, Edme Insurance Brokers Ltd.

Expanding Reach Across Crops and Regions

In the coming months, Alivio will expand to onions, chillies, potatoes, grapes, tomatoes and select fruit crops, reaching more regions across India.

This is part of Bayer’s global ambition to reach 100 million smallholders by 2030, with digital innovations at the heart of efforts to increase productivity, resilience, and sustainability. Alivio exemplifies this commitment - combining data intelligence, ecosystem partnerships, and farmer-first design to deliver measurable impact.

Nissan Motor India Celebrates Children’s Day with “Nissan Little Champs”

An immersive and hands-on learning experience for children aged 10–15 years

Exclusive event for Nissan families across Nissan service centres in India

Over 1,300 children across India participated in hands-on learning workshops

Encouraging curiosity, creativity, and safe learning this Children’s Day

New Delhi, November 16, 2025: In celebration of Children’s Day, Nissan Motor India organised a unique nationwide initiative — “Nissan Little Champs”, an interactive, educational, and fun-filled experience hosted across Nissan service centres in India. The event welcomed children of existing Nissan owners, offering them an exciting opportunity to step into the world of automobiles and learn about cars in a simple and engaging way.

The celebration aimed to nurture curiosity and inspire the next generation of automotive enthusiasts, bringing together 1,304 children from Nissan families across India for an engaging lineup of sessions designed exclusively for children aged 10 to 15 years.

Speaking about the initiative, Saurabh Vatsa, Managing Director, Nissan Motor India, said, “At Nissan, we believe in fostering curiosity and learning from a young age amongst children who are going to shape our world for tomorrow. The ‘Nissan Little Champs’ initiative was especially curated across our dealer facilities for children who are fascinated by cars. It brought them closer to the exciting world of Nissan cars through a safe, hands-on learning experience guided by our showroom and workshop teams. It was our way of celebrating the day and making it special for children by combining experiential learning with fun while strengthening our bond with Nissan families.”

The event began with a warm welcome and registration session, followed by three interactive modules:

Session 1: “Do You Know?” – Car Basics Explained

A simple, hands-on learning segment to spark curiosity about how car engines, brakes, and tyres work through engaging visual aids.

Session 2: “Know Your Nissan” – Learn from the Brand

Participants learned about car safety tools, Nissan’s innovation journey, and fun facts about the brand that highlighted Nissan’s global legacy.

Session 3: “Walk Around” – Explore the Nissan Service World

A guided tour of the service workshop and Nissan Magnite helped children connect automotive concepts to real-life operations from inspection bays to paint booths while emphasizing safety and teamwork.

The day concluded with a celebration ceremony, where each participant received a Certificate of Participation and a Nissan-branded goodie as a token of appreciation. The dealerships also captured special group photos and video messages from the children and their parents, highlighting their favorite moments and learnings.

The initiative was made possible through Nissan’s dealership network, with each service centre hosting up to 20 children selected from nearby areas. Parents accompanied their children throughout the event to ensure a safe and memorable experience.

Nissan Motor India has consistently championed child welfare through impactful CSR programs promoting healthcare, nutrition, and education for underprivileged children across India.

As part of this commitment, Nissan partnered with Smile Train India, successfully completing their collaboration in May 2024. The initiative supported 290 free cleft surgeries for children from economically weaker sections during FY23, providing life-changing treatment at Smile Train’s partner hospitals. 

In 2023, Nissan also collaborated with The Akshaya Patra Foundation to support the mid-day meal program for government school students in New Delhi. Through this partnership, over 50 lakh nutritious meals were provided to 49,000 children across 300 schools, improving health, reducing micronutrient deficiencies, and enhancing school attendance and learning outcomes.

Together, these initiatives reaffirm Nissan’s long-standing belief in empowering children through access to healthcare, nutrition, and experiential learning—shaping a generation ready to dream big and #DefyOrdinary. This year’s celebration further reflects Nissan’s continued commitment to building meaningful community engagement and fostering experiential learning, embodying the brand’s ethos of making a positive difference in everyday moments.

The New Nissan Magnite has been recognised among the safest B-SUVs, earning a prestigious 5-star Global NCAP rating for Adult Occupant Protection and 3 stars for Child Occupant Protection. With its bold design, over 20 first and best-in-segment features, and 55+ safety features, the Magnite continues to set benchmarks in the compact SUV segment.

Proudly Made in India, the New Nissan Magnite embodies Nissan’s ‘One Car, One World’ strategy and is now sold in over 65 countries across both right-hand and left-hand drive markets, showcasing India’s manufacturing excellence on a global stage. The company is also gearing up for the upcoming launch of its new global C-SUV, the Nissan Tekton, which will be introduced in India next year and exported to select international markets.

Shah Rukh Khan Gets a Tower in His Name – Danube Properties Launches ‘SHAHRUKHZ by Danube’, a Premium Business Tower in the Heart of Dubai

Mumbai, In a unique global first, Danube Properties has announced the launch of ‘Shahrukhz by Danube’, a premium commercial tower named after Bollywood megastar Shah Rukh Khan. The announcement marks a monumental collaboration between two icons who redefined ambition and success in their respective worlds- Shah Rukh Khan and Rizwan Sajan, Founder and Chairman of Danube Group.

Rising majestically on Sheikh Zayed Road, the 55-storey tower is set to become one of Dubai’s most prestigious business landmarks- an address designed for empire builders, innovators, and visionaries. The tower celebrates 33 years of excellence for both Shah Rukh Khan and Danube, symbolizing their shared values of resilience, reinvention, and relentless pursuit of success.

The announcement was made at a spectacular gala evening held at Grand Hyatt Mumbai, in the presence of Shah Rukh Khan and Rizwan Sajan. The launch drew hundreds of guests, including leading influencers, business leaders, investors, creators, and media personalities, making it one of the most celebrated real estate unveilings of the year.

Shah Rukh Khan, speaking at the launch, said: “It is humbling and deeply touching to have a landmark in Dubai carry my name. Dubai has always been a special place for me- a city that celebrates dreams, ambition, and possibility.

SHAHRUKHZ by Danube is a symbol of how far belief and hard work can take you. I’m honoured to be associated with Danube, a brand that mirrors the same spirit of aspiration and excellence.”

“Both Shah Rukh Khan and Rizwan Sajan began their journeys 33 years ago with a shared dream- to create impact through passion and perseverance. Shah Rukh Khan turned dreams into destiny, a philosophy that mirrors our journey at Danube. ‘Shahrukhz by Danube’ unites these two stories of humble beginnings and relentless ambition- standing tall as a global symbol of vision, value, and the power of dreaming big.” said Rizwan Sajan, Founder and Chairman of Danube Group.

Shahrukhz by Danube is an iconic development spanning over 1 million square feet of built-up area, offering a blend of luxury, innovation, and star power. With prices starting at just USD 475,000 / INR 4.2 Crores , this landmark project sets a new benchmark for premium real estate in Dubai, combining world-class design with an address inspired by the King of Bollywood himself. The premium business tower will offer over 40 world-class amenities, including a sky pool, helipad for air taxis, valet services, and exclusive business lounges- all designed to redefine productivity and prestige. Its strategic location offers unmatched proximity to Dubai’s most iconic landmarks, from Burj Khalifa and Dubai Airport.

With its signature 1% monthly payment plan, Danube continues to democratize ownership in one of the world’s most aspirational cities. The project reaffirms the brand’s commitment to creating value-driven investments that blend luxury with accessibility.

*Mondelēz International brings the world’s favourite Biscoff® to India*

_In a first-of-its-kind partnership, Mondelez India to manufacture, market, and distribute Biscoff® cookies locally_

India - November 13, 2025: Mondelēz International, the makers and bakers of India’s most loved snacking brands, today announced the launch of Biscoff® in the country, in partnership with Lotus Bakeries. With this launch, Mondelez India expands its premium cookie portfolio in the country. The local launch of the Biscoff® cookie introduces Indian consumers to its unique caramelized taste and crunchy texture, that has redefined snacking across the world. In a first for Lotus Bakeries globally, a partner like Mondelez India will manufacture Biscoff® locally.  

Under this partnership, Mondelez India will lead the brand’s manufacturing, marketing and distribution in the country leveraging its deep marketing expertise and extensive distribution network. This strategic milestone reinforces Mondelez India’s Make in India commitment, while ensuring consumers experience the same signature caramelized taste, crunchy texture and quality that Biscoff® is known for worldwide. 

Dirk Van De Put, Chairman & CEO, Mondelēz International said, “When we announced our partnership with Lotus Bakeries last year, our vision was clear - to bring together two iconic snacking brands and create something truly special for Indian consumers. This collaboration marks an exciting step in strengthening our play in the premium cookie segment and reflects our commitment to introduce millions of Indians to the Biscoff® experience - one that is as unique as it is unforgettable.”  

Echoing this sentiment, Jan Boone, CEO, Lotus Bakeries, said, “Our journey began in 1932 as a Belgian family business founded by my grandfather. Today, Lotus Bakeries is a globally recognised listed company still majority-owned by my family. Biscoff® is now enjoyed in 80 countries and produced on several continents. Our ambition is clear: to make Biscoff® the world’s number three cookie and a true global brand. India is essential to this vision, and we are delighted to partner with Mondelēz International, whose deep expertise, shared passion for excellence and proven success in the Indian market give us great confidence. I am excited to bring the unique taste and heritage of Biscoff® to millions of Indian consumers, while staying true to the heritage and values that have defined our Biscoff® brand for over 90 years!” 

 

 

Commenting on the launch, Samir Jain, President-India, Mondelēz International said, “We are delighted to be partnering with Lotus Bakeries to bring their globally loved Biscoff® cookies, which are made in India, to our consumers. With our strong distribution network, marketing excellence, and deep consumer understanding, we are excited to make this international favourite a cookie of choice for Indian consumers. Biscoff® gives consumers an irresistibly caramelized, crunchy bite that perfectly complements their hot beverage of choice. It’s been a wonderful partnership with the Lotus Bakeries team over the last year to bring this to market.”  

Building on its strong seven-decade legacy of pioneering India’s snacking culture, Mondelez India continues to lead through innovation and portfolio expansion. Partnering with Lotus Bakeries, a Belgium-based company with a global presence across indulgent and better-for-you segments, with strong brands and products sold and produced across several continents, further underscores the company’s ambition to bring world-class snacking experiences to India. 

The addition of Biscoff® strengthens the company’s portfolio in the fast-growing premium cookie segment, complementing its existing brands such as Oreo and reinforcing its ambition to lead India’s snacking landscape across price tiers, formats, and occasions. 

Available in five pack sizes starting at just INR 10, Biscoff® will be launched nationwide across leading retail and online platforms. The launch will also include partnerships with leading hotel chains, airlines, and coffee houses to serve this timeless cookie alongside the consumer’s favourite hot beverage extending the classic Biscoff® experience to premium out-of-home moments. The company is also collaborating with popular quick-service restaurants (QSRs) to bring the delightful Biscoff® taste into beloved desserts, creating new ways for consumers to enjoy their favourite caramelized cookie flavour. 

About Mondelēz International  

Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2024 net revenues of approximately $36.4 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. Mondelēz International is a proud member of the Dow Jones Best-in-Class North America and World Indices, formerly Dow Jones Sustainability Indices. Visit www.mondelezinternational.com or follow the company on X at x.com/MDLZ. 

 

 

About Mondelez India Foods Private Ltd. 

         Mondelez India Foods Private Limited (formerly Cadbury India Ltd.) has been present in India for more than 75 years. The company introduced Cadbury Dairy Milk and Bournvita in India in 1948 and since then has been a leader in the chocolate category in the country. Part of Mondelēz International, the company has iconic brands like Cadbury Dairy Milk, Cadbury Dairy Milk Silk, Cadbury Celebrations, Cadbury Bournville, Cadbury 5Star, Cadbury Perk, Cadbury Fuse, Cadbury Gems, Cadbury Bournvita, Tang, Oreo with Chocobakes among several others in its portfolio. Headquartered in Mumbai, the company has sales offices in New Delhi, Mumbai, Kolkata and Chennai and manufacturing facilities at Maharashtra, Madhya Pradesh, Himachal Pradesh, and Andhra Pradesh, in addition to a global Research & Development Technical Centre and Global Business Hub in Maharashtra and a vast distribution network across the country.

ICRA Assigns 'ICRA AA-/Stable' Rating to Rs 990 crore Long-Term Bank Facilities of ACME Solar’s project in Rajasthan

GURUGRAM, November 11, 2025: ICRA has assigned 'ICRA AA-/Stable’ rating to long-term bank facilities of ACME Dhaulpur Powertech Private Limited (“ADPPL”), wholly owned subsidiary of ACME Solar Holdings Limited (“Acme Solar”). This rating is assigned to 300 MW ISTS solar power project located in Jaisalmer, Rajasthan for its INR 990 crores term loan facility from Indian Renewable Energy Development Agency Limited (“IREDA”). The rating is expected to assist in reducing the cost of borrowings for the project as per agreed covenant of lenders . This is second AA- rating for project on top of similar rating from CRISIL. Plant is operational since January 2025 and achieving CUF of 29.05% since commissioning.

ICRA cited experienced sponsor, revenue visibility, strong debt coverage metrics, timely payments and strong counterparty as key strengths underpinning AA-/Stable rating. The rating reflects ADPPL’s strong operational profile supported by a 25-years Power Purchase Agreement (PPA) with Solar Energy Corporation of India Limited (SECI). Further, ICRA noted that competitive project cost, reduction in cost of borrowings and satisfactory generation performance are expected to lead to strong debt coverage metrics for the project. 

Outlook: Stable

The Stable outlook factors in the steady cash flow visibility offered by the long-term PPA, a satisfactory generation level and the timely collections expected from the offtaker, which is expected to lead to healthy debt coverage and liquidity level. 

https://www.icra.in/Rationale/ShowRationaleReport?Id=138843

Flipkart Scales to 20,000 Electric Vehicles in Delivery Fleet, Launches Long-Haul Pilot and EV Ecosystem Initiatives to Accelerate 2030 Transition

Over 70% of grocery deliveries are now fulfilled via electric vehicles, reflecting increased fleet penetration across metro and Tier-2+ cities

Flipkart has also launched a long-haul electric truck pilot on the Delhi–Jaipur corridor to assess EV viability in freight logistics

Bengaluru - November 11, 2025: Flipkart, India’s homegrown e-commerce marketplace, has achieved a new milestone with the expansion of its electric vehicle (EV) fleet to over 20,000, doubling its deployment from the previous year. This marks a significant step forward in the company’s journey toward achieving a 100% electric last-mile fleet by 2030. The growth reflects Flipkart’s sustained investments in sustainable logistics and its deepening collaboration with partners across the EV ecosystem.

The expanded fleet now operates across key metro and Tier-2+ cities, including Delhi, Bangalore, Mumbai, Hyderabad, and Lucknow. It supports the organisation’s broader commitment to the EV100 initiative led by The Climate Group. In parallel with this scale-up, Flipkart has launched a series of programmes to accelerate further EV adoption, including a long-haul truck pilot, pan-India roadshows, digital training for delivery partners, and a data-driven approach to addressing adoption barriers.

Currently, over 70% of grocery deliveries on the Flipkart platform are fulfilled using EVs, demonstrating the vehicles’ reliability in high-density, high-frequency logistics while meaningfully reducing the platform’s operational carbon footprint.

Hemant Badri, Senior Vice President, Head of Minutes & Supply Chain, Customer Experience and ReCommerce, Flipkart Group, said, "We are incredibly proud of our 20,000-EV strong last-mile fleet. At Flipkart, we are always pioneering what's next. A truly sustainable supply chain means innovating across every single leg. Our new electric truck pilot for long-haul routes is the next frontier. We are building for the future, proving that 100% electrification is possible from our fulfillment centers all the way to the customer’s doorstep."

Nishant Gupta, Head of Sustainability at Flipkart, said, “Our journey toward an all-electric logistics network is rooted in both scale and substance. Expanding our EV fleet is critical, and we believe true progress lies in building an ecosystem that enables lasting adoption. From empowering our wishmasters with practical knowledge to collaborating with industry partners on infrastructure and product design, we are focused on removing real barriers to adoption and driving inclusive, long-term change. As this transition gains momentum, our responsibility is to ensure it remains equitable, accessible, and responsive to the needs of every stakeholder.”

Electric truck pilot launched to test long-haul EV feasibility

The pilot programme for long-haul logistics, in partnership with Golden Aero Logistics, is a part of Flipkart’s efforts to explore EV viability beyond last-mile deliveries on the Delhi-Jaipur corridor using a retrofitted Kalyani electric truck. The pilot is designed to evaluate the operational feasibility of electric trucks in medium-distance freight, offering insights into vehicle performance, energy efficiency and turnaround time.

EV100-led initiatives drive ecosystem-wide engagement and collaboration

Further, to build awareness and drive confidence across its delivery network, Flipkart launched a nationwide EV Roadshow in collaboration with OEM partners Revolt and Bajaj. Held across multiple cities, the initiative allowed wishmasters to test EV models, understand available charging options, and address common concerns around battery performance and range. In addition, Flipkart hosted targeted OEM x Last Mile Agencies (LMA) Connects in Delhi and Mumbai, bringing together manufacturers, fleet operators, and service providers for open, solutions-focused discussions on infrastructure, financing, and vehicle readiness, laying the foundation for stronger ecosystem alignment and future commitments.

Empowering wishmasters through digital learning and insight-led interventions

To support its workforce in the EV transition, Flipkart launched the Wishmaster Digital Campaign, an interactive learning platform designed to educate delivery partners on EV100 goals, vehicle operations, charging practices, and sustainability benefits. The campaign also addresses common misconceptions around EV performance across different terrains and conditions. The sentiment around EVs continues to grow positively among wishmasters, as observed in a survey conducted by Flipkart with over 5,410 wishmasters, with almost half of them keen to switch to EVs. Challenges like access to affordable credit, however, continue to remain a barrier.

These developments reflect Flipkart’s continued efforts to integrate sustainability across its operations while fostering industry-wide collaboration on clean mobility. As the organisation deepens its focus on electric vehicles and ecosystem readiness, it remains committed to enabling long-term, inclusive solutions that support India's transition to a greener supply chain.

About the Flipkart Group

The Flipkart Group is one of India’s leading digital commerce entities and includes group companies Flipkart, Myntra, Flipkart Wholesale, Cleartrip, and super.money. Established in 2007, Flipkart has enabled millions of sellers, merchants, and small businesses to participate in India's digital commerce revolution. With a registered user base of more than 500 million, Flipkart’s marketplace offers over 150 million products across 80+ categories. Today, there are over 1.4 million sellers on the platform, including Shopsy sellers. With a focus on empowering and delighting every Indian by delivering value through technology and innovation, Flipkart has pioneered services such as Cash on Delivery, No Cost EMI, Easy Returns, and UPI payments. Beyond shopping, Flipkart continues to create jobs, empower entrepreneurs, and strengthen India’s digital economy.

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