*Mumbai, Pune and Thane Drive 71.9% of Maharashtra’s Crypto Investment Value in Q2 2026: CoinSwitch Report*

*Mumbai, 26 August, 2026—* Maharashtra’s crypto investment value in Q2 2026 was concentrated in three cities, with Mumbai, Pune and Thane together accounting for 71.9% of the state’s total, according to CoinSwitch’s Q2 2026 edition of India’s Crypto Portfolio: How India Invests.

Mumbai was the largest contributor, accounting for 39.1% of Maharashtra’s total investment value, followed by Pune at 27.5% and Thane at 5.3%. Mumbai alone contributed nearly two-fifths of the state’s investment value, while Pune accounted for more than one-quarter. Together, Mumbai and Pune contributed 66.6%, with Thane taking the combined share to 71.9%. The remaining 28.1% was distributed across other cities in Maharashtra.

Maharashtra’s 12.39% share placed it just behind Uttar Pradesh at 12.89%, while Karnataka accounted for 8.10% and Delhi for 7.38% of India’s total crypto investment value. The data highlights Maharashtra’s position among India’s largest state-level crypto investment markets, while also showing the significant contribution of its leading urban centres.

In terms of gender-wise investment value, male investors accounted for 79.55% of Maharashtra’s total, while female investors accounted for 20.45%. BTC was the top coin held by Maharashtra investors during the quarter.

*Ashish Singhal, Co-founder, CoinSwitch, said,* “Each market cycle brings in a new set of investors, but over time, we see investors become more informed and deliberate in how they participate. What we are seeing in India is a shift from crypto being viewed simply as a new asset class to investors developing a more nuanced understanding of how they want to participate in it. The next phase of adoption will be shaped by bringing more people into the market while also building greater confidence, awareness and sophistication among those already here. That evolution will be important as crypto moves from an emerging category to a more established part of India’s investment landscape.”

The report is based exclusively on activity on the CoinSwitch platform during Q2 2026 and does not include data from users on other crypto platforms.

Protein, Simplified: 6 Things Worth Knowing About Horlicks Protein Before You Add It to Your Day

Protein has become a bigger part of everyday nutrition conversations, but choosing a protein option doesn’t have to be complicated.

How much protein do you need? Does the source matter? What makes one protein different from another? And what exactly is fermented yeast protein?

But there is another nutrient that deserves a place in the conversation too: fibre.

Protein and fibre play different roles in the body, but both are important parts of everyday nutrition. So, before you focus only on the protein number, here are six things worth knowing.

1. Protein isn’t just for gym goers

Protein is often associated with workouts, muscle building, and fitness goals. But you don’t need gym membership to need protein.

Protein provides essential amino acids needed for muscle maintenance, repair, and everyday functioning. Fibre, meanwhile, is also an important part of everyday nutrition and supports gut health.

This applies to women too. Whether your day involves work, commuting, caregiving, or simply staying active, both protein and fibre deserve a place in everyday nutrition. Options such as Horlicks Protein can fit into these everyday moments rather than only a post workout routine.

2. Your protein needs are personal

There isn’t one “perfect” amount of protein that works for everyone. Your needs can vary depending on age, body weight, diet, activity levels, and overall health.

That’s why it can be more useful to think about your overall nutrition across the day rather than focusing on a single “protein moment”. Alongside protein, getting enough fibre through your overall diet is also worth keeping in mind.

The important thing is to find an approach that works for you.

3. The source matters

Protein can come from many different sources. Dairy and plant proteins may be the most familiar, but newer sources such as fermented yeast protein are also becoming part of the conversation.

A complete protein provides all nine essential amino acids that the body needs to obtain through food.

Horlicks Protein uses fermented yeast protein, provides all nine essential amino acids and contains prebiotic fibre, bringing protein quality and fibre together in the overall formulation.

The source is therefore worth considering alongside what else the product offers nutritionally.

4. Look beyond just the grams

When choosing a protein product, the number of grams per serving is an obvious place to start. But the quantity is only one part of the picture.

Protein quality, amino acid profile and the overall formulation matter too. One measure you may come across is PDCAAS, where 1.0 is the highest possible score.

Horlicks Protein provides 24 g of protein per serve, has a PDCAAS score of 1.0 and contains 4 g of prebiotic fibre, which supports gut health.

So, when comparing protein options, don’t look at the biggest number alone. Consider the protein source, quality, fibre and overall formulation.

5. Fermented yeast protein is worth knowing about

Whey and plant proteins may be familiar, but they aren’t the only options available.

Fermented yeast protein is a microbial protein source that can provide all nine essential amino acids when appropriately processed. It is also naturally lactose-free.

And despite the name, “fermented” doesn’t mean “predigested”. The protein still goes through the body’s normal digestive process.

In Horlicks Protein, fermented yeast protein is combined with prebiotic fibre, adding another everyday nutrition element to the formulation.

6. Choose something that fits your routine

Understanding protein and fibre is one thing. Finding a way to include them consistently in your day is another.

They can be part of breakfast, between meals, after exercise, during a busy workday or while traveling. What matters is choosing an option that works with your actual routine.

Horlicks Protein comes in convenient single serve sachets, with 24 g of fermented yeast protein and 4 g of prebiotic fibre per serve, making it easier to include both as part of an everyday routine.

The takeaway: Protein doesn’t have to be a fitness only conversation, and it doesn’t need to be looked at in isolation.

Know your needs. Consider the source and quality. Look beyond just the protein grams to fibre and the overall formulation. And choose an option that fits naturally into the way you actually live.

*Rochester Institute of Technology Brings Its First Student Innovation Program, Global Scholar Quest, to India; Rewards Young Problem Solvers at Grand Finale*

RIT’s inaugural GSQ India chapter culminates in Mumbai with Rs. 1,00,000 cash prize and USD 50,000 scholarship pool; Grade 11–12 students compete on innovation, problem solving and original thinking

*Mumbai*, Rochester Institute of Technology (RIT) has concluded the inaugural India chapter of Global Scholar Quest (GSQ), its first global student innovation program, with a Grand Finale at Sofitel, BKC, Mumbai. The winning team received seed capital of *USD 50,000 RIT scholarship pool* along with a cash prize of Rs. 1,00,000, to serve as seed capital for their ideas. Three Rising Star Awards were also presented in recognition of standout student contributions.

Conducted through nomination only, the program brought together high-potential Grade 11 and 12 students from leading International Baccalaureate (IB), Cambridge and Indian board schools for a four-level journey that assessed how they identify problems, develop ideas and build solutions rather than how they perform in examinations.

The inaugural chapter ran from May to August and culminated in live presentations at the Grand Finale in Mumbai before an RIT-led jury comprising *Kathleen B. Davis, VP, Enrollment Management & Associate Provost, RIT; Elizabeth Sullivan, Associate VP, Enrollment Marketing & Global Strategic Initiatives, RIT; Dan Kopperud, EdD, Assistant Director, Global Enrollment Management, RIT; and Dr. S. Manian Ramkumar, Dean of the College of Engineering Technology, RIT*.

Spanning multiple months, the journey began with an online screening, followed by team submissions across ten diverse innovation tracks (such as AI, Climate, and Healthcare). Shortlisted teams then underwent mentorship with Dr. M. A. Rehman (TIFR) and industry specialists to refine their ideas. At the Grand Finale, top national teams presented their concepts and prototypes to an RIT and industry jury, which evaluated them on originality, feasibility, and real-world impact.

“In the mentorship sessions, the strongest students were not necessarily the ones who arrived with the most polished idea. They were the ones who were willing to take it apart when a question exposed a weakness, go back to the problem and rebuild their thinking. We saw students move from saying ‘this is a problem’ to asking why it exists, who is affected, and whether their proposed solution could work outside a presentation. That shift from having an idea to learning how to test an idea is where real innovation begins,” *said Dr. M. A. Rehman, physicist at TIFR and founder of Creator International School.*

The program's emphasis on thinking beyond academic scores also reflects the way RIT approaches student potential and learning, with the spirit of innovation at the core of RIT's philosophy. As a research university with a strong focus on experiential learning, technology, creativity and applied problem solving, RIT designed GSQ to give school students an opportunity to demonstrate capabilities that may not be fully captured through conventional academic evaluation.

“Universities often encounter students after years of academic evaluation have already shaped how they see themselves. GSQ allows us to meet students earlier and see a different dimension of their potential: how they respond when there is no textbook answer, how they work through ambiguity and whether they can turn curiosity into something tangible. For RIT, that is particularly meaningful because the qualities we look for in students are closely connected to the kind of learning they will encounter here, where making, experimenting and solving real problems are integral to the educational experience,” said *Kathleen B. Davis, Vice President for Enrollment Management and Associate Provost, Rochester Institute of Technology.*

The inaugural India chapter builds on RIT's existing engagement with Indian classrooms through Tiger STRIPES, which brought its hands-on learning approach to students across different school settings. GSQ extends that engagement by creating a structured platform through which students can demonstrate how they think, build and respond to real-world problems.

“GSQ is not simply about finding students with the best idea on a particular day. It creates a relationship with young people around the way they think, the questions they care about and the problems they want to solve. Bringing the program to India first also gives RIT an opportunity to listen to that generation directly rather than viewing India only through the lens of university recruitment. The ideas students brought to GSQ give us a much richer understanding of what young people here are curious about and where they believe technology, creativity and innovation can make a difference,” said *Elizabeth Sullivan, Associate Vice President for Enrollment Marketing and Global Strategic Initiatives, Rochester Institute of Technology*.

The decision to begin GSQ in India also reflects the country's expanding role in the global higher education landscape and the growing importance of engaging students around their interests and aspirations at an earlier stage. For RIT, the program provides a platform to connect those interests with an international academic and innovation ecosystem.

ESDS Software Solution Limited’s Initial Public Offering to Open on 28 August 2026, Price Band set at Rs 408 – Rs 429 Per Equity Share of face value of Rs 1 each

 

Price band of Rs 408 – Rs 429 per Equity Share bearing face value of Rs 1 each (“Equity Shares”)

Bid/Issue Opening Date – 28 August 2026 and Bid/Issue Closing Date – 1 September 2026 

Minimum Bid Lot is 34 Equity Shares and in multiples of 34 Equity Shares thereafter

 

Mumbai, 25th August, 2026: ESDS Software Solution Limited (the “Company”) has fixed the price band of Rs 408 /- to Rs 429 /- per Equity Share of face value Rs 1/- each for its initial public offer.

 

The Initial Public Offering (“IPO” or “Issue”) of the Company will open on 28 August, 2026 for subscription and close on 1 September 2026. 

 

Investors can bid for a minimum of 34 Equity Shares and in multiples of 34 Equity Shares thereafter.

 

Equity shares outstanding pre-Issue 100,427,753 equity shares of Rs 1 each.

 

The IPO is a fresh issue of up to Rs7,200.00 million.

 

Incorporated in 2005, the company is an AI-enabled cloud, managed services, data centre infrastructure and software solutions provider in India. It is one of the only two players in India providing the entire spectrum of GPUaaS, cloud, managed services, data centre infrastructure and software solutions in India (source: Nexdigm Report, page 66). Further, among the two, it is the largest in terms of revenue from operations in Fiscal 2026 (source: Nexdigm Report, page 77), with revenue from operations of ₹4,722.10 million in Fiscal 2026. 

The Company offers a comprehensive platform of cloud infrastructure and software solutions consisting of (i) infrastructure as a service (IaaS), which is broadly divided into colocation and data centre services, cloud services and cloud computing, (ii) managed services and (iii) software as a service (SaaS), which allows it to provide well architected cloud-adoption solutions to its customers aimed at reducing their cost while providing security, flexibility, scalability and reliability.

 

It was one of the first cloud service providers in India to offer community cloud services, provided on multi-tenant model to a group of organizations that have similar business models and requirements, such as data privacy, security, compliances and regulatory considerations (source :Nexdigm Report, page 30).

 

The Company provides its services to a diverse range of end-user industries and customers, comprising (i) banking, financial services and insurance companies, (ii) public sector entities, including central, state, and local government departments, public sector undertakings, government agencies, and institutions that procure products or services for administrative, infrastructure, or public service purposes and (iii) businesses and enterprises. The company served 2,501 customers in Fiscal 2026. 

On March 31, 2026, the Company entered into a strategic AI cloud infrastructure agreement with an Australia-based neocloud AI compute service provider. The agreement is for an initial term of five years, with an option to extend for a further two years, aggregating to a total contract value of approximately US $ 1,250 million (equivalent to ₹118,312.50 million at an exchange rate of USD 1 = ₹94.65, which was the exchange rate as of March 31, 2026 (source: www.rbi.org.in)).

Pursuant to this agreement, the AI company is required to deploy and operate a dedicated AI infrastructure cluster within an existing data centre facility in Australia. This cluster will comprise approximately 8,208 NVIDIA B300 GPUs along with associated storage infrastructure. Delivery of such infrastructure is targeted for completion by September 2026, and revenue generation under the agreement is expected to commence in the third quarter of Fiscal 2027. 

The agreement provides for service fees payable on a monthly basis. This partnership is aimed at strengthening the Company’s access to dedicated, high-performance AI compute capacity to support its cloud and managed services offerings.

The Company was recognized as the “Most Preferred and Trusted Cloud Service Provider” by Economic Times Achievers (Karnataka) and awarded the Aegis Graham Bell Award in the category of “Combat Covid 19 with Artificial Intelligence” in 2022.

The Company’s revenue from operations was Rs 4,722.10 million for Fiscal 2026 as compared to Rs 2,865.18 million for Fiscal 2024

 

The Company’s net profit was Rs 1,208.23 million for Fiscal 2026 as against Rs 136.09 million for Fiscal 2024. 

DAM Capital Advisors Limited, and Systematix Corporate Services Limited are the book-running lead managers, for the Issue. MUFG Intime India Private Limited is the registrar of the Issu 

The Equity Shares are proposed to be listed on NSE and BSE.

 

ESDS Software Solution Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated 24 August 2026 (the “RHP”) with the RoCThe RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM,  www.damcapital.in, and https://www.systematixgroup.in/ the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at www.esds.co.in. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 23 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC.

 

This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933 or an exemption from registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, the securities described in this announcement are not being offered or sold in the United States.

 

Disclaimer Clause of Securities and Exchange Board of India (“SEBI”): SEBI only gives its observations on the offer documents and this does not constitute approval of either the Issue or the specified securities stated in the Offer Documents. The investors are advised to refer to page 449 of the RHP for the full text of the disclaimer clause of SEBI.

 

Disclaimer Clause of BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has been cleared or approved by BSE Limited, nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to page 451 of the RHP for the full text of the disclaimer clause of BSE.

 

Disclaimer Clause of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE, nor does it certify the correctness or completeness of any of the contents of the Issue Document. The investors are advised to refer to page 452 of the RHP for the full text of the disclaimer clause of NSE.

 

End of Ordeal for Entrepreneurs in Chakan Industrial Area!

Chamber of Commerce to Act as Coordinator for Entrepreneurs

Will Pursue Solutions as a Bridge Between Government and Industry

Mumbai , 25th (Representative): The Maharashtra Chamber of Commerce, Industry and Agriculture (MACCIA) has taken a significant initiative to resolve pending issues in Pune's prominent and rapidly developing Chakan industrial area. A meeting was recently held with office bearers of local industrial associations, followed by detailed discussions regarding the entrepreneurs' problems with Deputy Chief Minister Eknath Shinde and Industry Minister Uday Samant.

Local entrepreneurs are facing severe difficulties due to basic issues such as traffic congestion, dilapidated infrastructure, and shortcomings in power and water supply in the Chakan industrial belt. Against this backdrop, MACCIA has shown readiness to work out solutions in coordination with local organizations. The Chamber will aggressively advocate for these issues with the administration as a strong link between the state government and the industrial sector.

Speaking about this initiative, MACCIA President Ravindra Mangawe said, "Chakan is the main hub of Maharashtra's industrial progress, but local infrastructure issues are impacting the expansion of industries. After consulting with local associations, we consolidated all key issues and held a positive discussion with Industry Minister Uday Samant. Functioning as a solid bridge between the state government and entrepreneurs, the Maharashtra Chamber will continuously follow up to resolve Chakan's issues at the earliest."

This meeting and the positive discussions have created an atmosphere of hope among entrepreneurs in Chakan. Confidence is being expressed that the issues facing the Chakan industrial area will be resolved quickly in the coming days due to the Chamber's active mediation.

Gratitude Expressed to Industry Minister Uday Samant

The Maharashtra Chamber of Commerce brought these issues of local entrepreneurs to the attention of Industry Minister Uday Samant. Consequently, an immediate meeting was organized involving MACCIA, Minister Uday Samant, and representatives and directors of companies from the Chakan industrial area. MACCIA President Ravindra Mangawe expressed gratitude to Uday Samant on behalf of the Chamber and Chakan's entrepreneurs for taking immediate action and consistently resolving issues at a swift pace during the meeting. Chakan MIDC Association President Jaydev Akkalkote, Dhanraj Shedbale, Shantanu Kulkarni, Rameshwar Pawar, and Kunal were present at this meeting.

Priority Jewels Limited’s Initial Public Offering to open on Friday, August 28, 2026, price band set at Rs 190 Rs 200 per Equity Shares of face value of Rs. 10 each

Price band of Rs 190 Rs 200 per Equity Share bearing face value of Rs 10 each (“Equity Shares”)

 

Bid/Issue Opening Date – Friday, August 28, 2026 and Bid/Issue Closing Date – Tuesday, September 1, 2026

 

Minimum Bid Lot is 75 Equity Shares and in multiples of 75 Equity Shares thereafter

 

24 August, Mumbai:  Priority Jewels Limited (the “Company”) has fixed the price band of Rs 190/- to Rs 200/- per Equity Share of face value Rs 10/- each for its maiden initial public offer.

The Initial Public Offering (“IPO” or “Issue”) of the Company will open on August 28, 2026, for subscription and close on September 1, 2026.

Investors can bid for a minimum of 75 Equity Shares and in multiples of 75 Equity Shares thereafter.

Equity Shares outstanding as on date is 1,34,25,000 Equity Shares of face value of Rs 10 each

The Issue, with a face value of Rs 10 per Equity Share, comprises a fresh issue of up to 45,75,000 equity shares.

The Net Proceeds from its fresh issuance will be utilised for repayment / pre-payment, in full or in part, of certain working capital borrowings availed by the Company, and general corporate purposes.

 

The Issue is being made through the book-building process, in compliance with SEBI ICDR Regulations, wherein not more than 50% of the Issue will be available for allocation to qualified institutional buyers (QIBs), not less than 15% to non-institutional bidders (NIIs), and not less than 35% to retail individual bidders (RIIs).

 

The Company, in consultation with the book-running lead manager (BRLM), has undertaken a Pre-IPO Placement of 8,25,000 Equity Shares at an issue price of ₹ 190 per Equity Share (including a premium of ₹ 180 per Equity Share) aggregating to an amount of ₹ 15.67 crore, by way of a private placement.

Incorporated in 2007, the Company is engaged in designing, manufacturing and sale of a wide range of light-weight, affordable diamond-studded gold and platinum fine jewellery, and it sells directly to independent jewellers and jewellery chains in India as well as select international markets.

 

The Company supplies its products to jewellery chains including CaratLane Trading Private Limited, Kalyan Jewellers India Limited, Reliance Retail Limited, Malabar Gold & Diamonds FZCO, Tribhovandas Bhimji Zaveri Limited and Senco Gold Limited.

 

Its ability to blend craftsmanship with innovation has enabled it to establish long-standing relationships with major Indian retail jewellery players, reinforcing its position as a trusted supplier to its customers (Source - CARE Report).

 

Its portfolio primarily comprises daily wear jewellery, including rings, earrings, pendants, neckwear, bracelets and occasion couture jewellery, all of which are developed using contemporary design approaches and modern manufacturing techniques. Its product portfolio is centred on light-weight, affordable, daily wear pieces that are crafted for a wide audience across the country. The Company also manufactures lab-grown diamond jewellery based on specific orders received from its customers. 

As of June 30, 2026, the Company has over 200 customers, predominantly in India, including 125 independent jewellers and 53 jewellery chains. Over the years, the Company has expanded its market presence across 21 states and 3 union territories and has exported products to 13 countries globally, including the United States of America, UAE, Hong Kong and Norway. Most of the company’s exports are to overseas stores of Indian jewellery chains, primarily catering to the Indian diaspora.

The Company has established two jewellery manufacturing facilities in India that cater to its domestic and export sales. 

 

The Company's revenue from operations for the quarter ended June 30, 2026 was Rs 146.72 crore and its profit after tax of Rs 6.47 crore for the same period.

 

The Company’s revenue from operations was Rs 538.94 crore in FY26 as against Rs 410.50 crore in FY24. The Company’s profit after tax was Rs 17.64 crore in FY26 as against Rs 7.14 crore in FY24. achieving a CAGR of 57.13%.

 

Mefcom Capital Markets Limited is the book-running lead manager to the Issue and MUFG Intime India Private Limited is the registrar of the Issue.

 

The Equity Shares are proposed to be listed on BSE and NSE.

 

Disclaimer: Priority Jewels Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated August 22, 2026(“RHP”) with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM, https://www.mefcomcap.in/ , the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at https://priorityjewels.in/.

 

Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 17 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC.

The Equity Shares offered in the Issue have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the issue are being offered and sold only outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the U.S. Securities Act (“Regulation S”).

 

Disclaimer Clause of Securities and Exchange Board of India (“SEBI”): SEBI only gives its observations on the offer documents and this does not constitute approval of either the Issue or the specified securities stated in the Issue Documents. The investors are advised to refer to page 311 of the RHP for the full text of the disclaimer clause of SEBI.

Disclaimer Clause of BSE (Designated Stock Exchange): It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has been cleared or approved by BSE Limited, nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to the page 313 of the RHP for the full text of the disclaimer clause of BSE.

Disclaimer Clause of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Issue Document has been cleared or approved by NSE, nor does it certify the correctness or completeness of any of the contents of the Issue Document. The investors are advised to refer to page 313 of the RHP for the full text of the disclaimer clause of NSE.

 

 

Shoppers Stop and RBL Bank launch three-tier co-branded credit cardsGold, Platinum and Black cards bring fashion and beauty rewards, privileges and experiences to Shoppers Stop customers

Mumbai, August 21, 2026: Shoppers Stop and RBL Bank have launched a new three-tier co-branded credit card portfolio, unveiled by Bollywood actor Sara Ali Khan, comprising the Shoppers Stop and RBL Bank Gold, Platinum and Black Credit Cards. Building on Shoppers Stop’s strength as a curator of fashion and beauty, with 50 million+ customers engaging with the brand every year and a 13.5 million First Citizen Club member, the cards extend this curation-led proposition into a differentiated rewards and benefits experience, offering customers enhanced rewards, memberships, welcome benefits and curated experiences.

The partnership brings together Shoppers Stop’s extensive fashion and beauty ecosystem with RBL Bank’s expertise and scale in the credit cards space. The new portfolio is designed to create a differentiated shopping proposition, rewarding customers not only for their purchases but also for their engagement with the Shoppers Stop ecosystem.

Consumers can apply for the card and get the card issued instantly, enabling a seamless onboarding experience. The card’s benefits can be availed from the very first transaction at Shoppers Stop. The card is launched in association with the Bank’s network partner Visa.

Commenting on the launch, Kavindra Mishra, Customer Care Associate, MD & CEO, Shoppers Stop, said, “At Shoppers Stop, we believe that every shopping journey should be rewarding, seamless and memorable. Our partnership with RBL Bank brings together our deep understanding of the Indian shopper with RBL Bank’s expertise in payments and credit cards. The new range of co-branded cards has been designed to create a differentiated ecosystem of rewards, privileges and experiences across fashion and beauty. From accelerated rewards and complimentary memberships to experiences and milestone benefits, we are delighted to give our customers more value at every stage of their journey with Shoppers Stop.”

Speaking on the launch, Bikram Singh Yadav- Head - Credit Cards, RBL Bank said, “As a bank driven by product innovation, our vision for this partnership is to create one of India’s most glamorous credit cards. Designed as a true style companion, this co-branded card is intended to add an element of exclusivity to the fashion experience of customers. It will enable them to enjoy the convenience of a credit card alongside a range of exceptional rewards and privileges.”

Rishi Chhabra, Country Manager, India, Visa, said, “Our focus at Visa remains on elevating everyday lifestyles - bringing consumers more value and choice with every spend. And as shopping journeys evolve, Visa continues to innovate across the payments, making every experience more secure, seamless and intuitive. Through this partnership with RBL Bank and Shoppers Stop, we continue to deliver trust, ease and everyday value, reinforcing Visa as the best way to pay and be paid.”

Customers can choose from three card variants:

RBL Bank Shoppers Stop Gold Credit Card: Complimentary Gold Membership worth ₹750, 10 Extra Reward Points for every ₹200 spent across the Shoppers Stop universe, a welcome gift worth ₹1,000, and quarterly and annual milestone benefits.

RBL Bank Shoppers Stop Platinum Credit Card: Complimentary Platinum Membership worth ₹1,500, 10 Extra Reward Points for every ₹200 spent across the Shoppers Stop universe, a ₹2,000 Shoppers Stop welcome voucher and gift worth ₹2,000, complimentary makeover experience, and enhanced milestone benefits.

RBL Bank Shoppers Stop Black Credit Card: Complimentary Black Membership worth ₹4,500, 15 Extra Reward Points for every ₹200 spent across the Shoppers Stop universe, a ₹3,000 Shoppers Stop welcome voucher and gift worth ₹3,000, complimentary makeover experience, and enhanced milestone benefits.

Across all three variants, cardmembers can earn 4 Reward Points for every ₹200 spent on eligible transactions outside the Shoppers Stop universe, subject to applicable terms and monthly limits. The value of Reward Points varies by card variant, with 1 point valued at up to ₹1 on Black, ₹0.50 on Platinum and ₹0.25 on Gold.

The cards also offer benefits including complimentary Shoppers Stop membership, accelerated rewards, welcome benefits, makeover experiences and quarterly and annual milestone rewards, subject to applicable eligibility criteria and terms.

About Shoppers Stop Limited

Shoppers Stop Ltd. is the nation's leading premier retailer of fashion and beauty brands established in 1991. Spread across 115 department stores, the Company also operates 11 premium home concept stores, 72 Specialty Beauty stores of M.A.C, Estée Lauder, Bobbi Brown, Clinique, Jo Malone, NARS, ARMANI beauty, PRADA BEAUTY and SS Beauty, 85 Intune stores and 4 Airport doors, occupying area of 4.5 M sq. ft. Shoppers Stop is home to one of the country's longest running and most coveted loyalty program 'First Citizen Club'. The Company's one-of-a-kind shopping assistance service, 'Personal Shopper' is revolutionizing the way Indians shop, bringing more value, comfort, and convenience to customer experiences. The brand's diversified Omni channel offering spans over 800+ recognized and trusted brands across an incomparable range of products that together serve our overarching objective of delivering customer delight. 

Follow us on:

Shop - www.shoppersstop.com | Corporate Site www.corporate.shoppersstop.com

For media queries- please contact: ankita.jha@dentsu.com; sakshi.shetty@dentsu.com 

About RBL Bank

RBL Bank, a subsidiary of Emirates NBD Bank P.J.S.C., is one of India’s leading private sector banks, with a legacy dating back to 1943.

Headquartered in Mumbai, the Bank has evolved into a dynamic financial institution offering a comprehensive suite of banking products and services across Retail, Commercial, SME, Corporate, Agriculture & Rural, GIFT City-based FCY, NRI, Treasury, Digital Payments, and Wealth Management. It caters to a full spectrum of customers, including individual customer segments ranging from young professionals, small farmers to HNIs, as well as entrepreneurs, startups, small and medium enterprises, large corporations, and government entities. The Bank also has a strong digital offering with significant operations under the digital payments space. 

With a strong focus on innovation, customer-centricity, and digital transformation, RBL Bank serves over 15 million customers through a robust network of 628 branches, 1,339 business correspondent branches (of which 258 banking outlets) spread across 28 Indian states and union territories. Through its International Banking and GIFT City operations, the Bank facilitates cross-border banking, global trade, foreign currency banking, and international wealth opportunities.

RBL Bank is committed to being a ‘Bank of Choice’ by fostering enduring relationships built on trust, transparency, and responsiveness. Backed by a strong capital base and reinforced by top-tier credit ratings, AAA Stable by Crisil, ICRA and CARE Ratings; it continues to strengthen stakeholder confidence. RBL Bank drives financial inclusion, and supports community development through impactful CSR initiatives, and creates a thriving workplace culture for its employees. 

RBL Bank is listed on both NSE and BSE (RBLBANK). For further details, please visit www.rbl.bank.in 

For media queries, please email us at: communications@rbl.bank.in

Blockbuster listing - Lalithaa Jewellery Mart Limited’s IPO

Blockbuster listing - Lalithaa Jewellery Mart Limited’s IPO lists at Rs 265.3 on the exchange, reaches a high of Rs 274.4 on NSE August 24, Mumbai: Shares of Chennai-based Lalithaa Jewellery Mart Limited, which is a jewellery retailer operating under the brand name Lalithaa and caters to southern jewellery markets, listed at Rs 265.3 on the exchange, a premium of 32% to IPO price. The scrip reached a high of Rs 274.4 on the NSE, and Rs 274.3 on the BSE. The scrip closed at Rs 248.4 on the BSE and Rs 248.44 on NSE. As per NSE, the total quantity traded stood at 990.42 lakh shares, on BSE the total Quantity stood at 88.21 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 2,841.3 crore. The Market Capitalisation of the Company at today’s closing price stood at Rs 13,903.19 crore as per BSE and Rs 13,942.37 crore as per NSE. The issue received bids of3,95,22,17,604 equity shares against the offered 6,27,61,403 equity shares, according to data available on the stock exchanges.Qualified Institutional Buyers (QIB) and Retail Portion were subscribed 145.38 times and 11.8 times, respectively. Non-Institutional Investors (NII) portion was subscribed 73.9 times.

India's First Intelligent Energy Center Opened in Navi Mumbai!Solar, EV Charging, and AI Energy Technology All Under One Roof!

Mumbai, Aug 24 (Representative): Sigenergy, a leading company in the global energy technology sector, has launched its first state-of- the-art 'Experience Center' at TTC MIDC in Navi Mumbai. The center was inaugurated on the occasion of 'Sigenergy Day India 2026'. The main objective of this initiative is to accelerate India's green and intelligence-based energy revolution.

This center is not just an exhibition of products, but offers a direct experience of solar energy, battery storage, EV charging, and AI-based energy management technology. Visitors can see firsthand how Sigenergy's advanced products like 'SigenStor', 'SigenStack', and 'MySigen' work together for residential, commercial, and industrial sectors.

Speaking on the occasion, Abhilash Borana, CEO of Sigenergy, said, "India is currently at a critical juncture in its transition to clean and sustainable energy. The adoption of solar energy is growing rapidly in our country, and consumers need smarter options for energy generation, storage, and management. This Experience Center in Navi Mumbai will provide these services right here. Through this platform, people can directly experience our advanced technology, and we will be able to understand their needs to build a stronger relationship."

On this occasion, the company announced the 'EPC Connect 2026' initiative, through which local engineers, contractors, and distributors will receive technical training and demonstrations. Showcasing the complete journey from energy generation to automatic AI-driven management, this center marks an important milestone for India's bright and sustainable future.

Lumino Industries Limited’s Initial Public Offering to open on Thursday, August 27, 2026, Price Band set at ₹ 78 – ₹82 per Equity Share of face value of ₹ 5 each

Price band of ₹78 – ₹82 per Equity Share bearing face value of ₹ 5 each (“Equity Shares”)

Bid/Offer Opening Date – Thursday, August 27, 2026 and Bid/Offer Closing Date – Monday, August 31, 2026

Minimum Bid Lot is 182 Equity Shares and in multiples of 182 Equity Shares thereafter

Mumbai, August 21, 2026: Lumino Industries Limited has fixed the Price Band of ₹78/- to ₹ 82/- per Equity Share of face value ₹5/- each for its maiden initial public offer.

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Thursday, August 27, 2026, for subscription and close on Monday, August 31, 2026.

Investors can bid for a minimum of 182 Equity Shares and in multiples of 182 Equity Shares thereafter.

Equity shares outstanding as on date is 243,578,096 Equity Shares of face value of ₹5 each.

The Offer, with a face value of ₹5 per Equity Share, comprises a fresh up to ₹5,000.00 million and an offer-for-sale up to ₹2,000.00 million by promoters – Devendra Goel and Jay Goel.

The proceeds from its fresh issuance worth ₹3,370 million will be utilized for prepayment or re-payment, in full or in part, of certain outstanding borrowings availed by the Company, ₹150.13 million for capital expenditure by the Company for purchase of equipment and machinery, civil works and interior development of an existing manufacturing facility, and general corporate purposes.

The Offer is being made through the book-building process, in compliance with SEBI ICDR Regulations, wherein not more than 50% of the net offer will be available for allocation to qualified institutional buyers (QIBs), not less than 15% to non-institutional bidders (NIIs), and not less than 35% to retail individual bidders (RIIs).

The Company is a product-driven integrated engineering, procurement and construction (“EPC”) player in India, with strong focus on manufacturing (“Manufacturing”) and supplying conductors, power cables and electrical wires and other specialized products and components to the growing power transmission and distribution industry in India. It also manufactures high-temperature low-sag (“HTLS”) conductors used in distribution and transmission lines in India.

The Company supplies conductors, power cables and other specialized products to large EPC players such as Kalpataru Projects International Limited (formerly known as Kalpataru Power Transmission Limited), Jackson Limited, Warora Kurnool Transmission Limited, K.G.N. Electricals, WRSS XXI (A) Transco Limited, Monte Carlo Limited and R.S. Infraprojects Private Limited. It also caters its products to international clients, which include government owned and controlled electricity companies, public enterprises and electricity boards, in countries such as United States of America, Mali, Burkina Faso, Côte d'Ivoire, Nepal, Bangladesh, Kenya, Ghana, Rwanda and Ethiopia. Further, in line with its product-driven strategy and integrated operations, the Company also supplies products for captive consumption in the EPC projects executed by it.

Motilal Oswal Investment Advisors Limited, JM Financial Limited and Monarch Networth Capital Limited are the Book Running Lead Managers to the Offer, and Bigshare Services Private Limited is the Registrar of the Offer.

The Equity Shares are proposed to be listed on BSE and NSE.

Lumino Industries Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated 2026, with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM https://www.motilaloswal.com/, https://www.jmfl.com/  and https://www.mnclgroup.com/, the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at https://luminoindustries.com/.

Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 20 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC.

The Equity Shares offered in the Offer have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the Offer are being offered and sold only outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the U.S. Securities Act (“Regulation S”).

Disclaimer Clause of Securities and Exchange Board of India (“SEBI”): SEBI only gives its observations on the offer documents and this does not constitute approval of either the Issue or the specified securities stated in the Offer Documents. The investors are advised to refer to page 448 of the RHP for the full text of the disclaimer clause of SEBI.

Disclaimer Clause of BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has been cleared or approved by BSE Limited, nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to the page 450 of the RHP for the full text of the disclaimer clause of BSE.

Disclaimer Clause of NSE: It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE, nor does it certify the correctness or completeness of any of the contents of the Issue Document. The investors are advised to refer to page 451 of the RHP for the full text of the disclaimer clause of NSE.