Archive: May 20, 2025

Allcargo Gati Revamps Bike Express for Seamless Two-Wheeler Transport Across India

Mumbai, May 20, 2025: Allcargo Gati Limited, (formerly Gati Limited), India’s premier Express Distribution and Supply Chain Management company, has revised the pricing for its popular Bike Express Service, in efforts to reinforce its commitment to service excellence. The new rates are effective immediately, and all bookings will now be accepted solely on a pre-paid basis, aimed at ensuring smoother customer experience.

Bike Express is a purpose-built bike transportation service designed for working professionals, students relocating to new cities, tourists and biking enthusiasts seeking safe and hassle-free mobility solutions. It offers a wide range of value-added features including doorstep pickup and delivery, secure transportation via containerized vehicles, consignment tracking, last-mile connectivity, and 24/7 customer support.

Commenting on this development, Mr. Mayank Dwivedi, National Head Sales & Marketing Allcargo Gati Limited, said, “Bike Express is India’s trusted comprehensive two-wheeler transportation service, especially among biking enthusiasts heading to iconic routes and across challenging terrains. With our latest pricing revision and move to a fully pre-paid model, we’re reinforcing our promise of transparency, convenience, and consistent service delivery. Every Bike Express shipment includes complimentary doorstep pickup and delivery, secure containerized transport, consignment tracking, and 24/7 customer support. We also offer our specially designed Labh Box — at no extra cost— to safely transport bike accessories and helmets, ensuring customers can ride off without worrying. Bike Express continues to set the benchmark in two-wheeler logistics through a blend of innovation, customer focus and service excellence”

With a clear focus on uniform service delivery and customer convenience, the initiative aligns with the company’s goal of enhancing operational efficiency. Trusted by thousands during relocation seasons and travel expeditions, Bike Express remains a go-to choice for customers seeking reliable, timely, and efficient two-wheeler transport across India.

MMTC-PAMP Launches Upgraded Digital Platform to Elevate Precious Metals Buying

Mumbai, May 20th, 2025: MMTC- PAMP, India’s only London Bullion Market Association (LBMA) Good Delivery gold and silver refiner, proudly announces the launch of its revamped website. This marks a milestone in the company’s vision for digital transformation, enhancing user experience and offering the purest quality of digital and minted gold and silver bars and coins.

The latest website offers a seamless experience for both gold and silver customers and investors, integrating advanced and secure e-commerce capabilities with educational resources. It provides consumers with an unparalleled digital gateway to MMTC-PAMP’s extensive portfolio of 99.99%+ purest 24K gold and silver minted products. From limited-edition collectables to investment-grade bullion, the enhanced platform highlights the company’s commitment to Swiss craftsmanship, purity and innovation.

“Our reimagined digital presence reflects our dedication to elevating the customer journey at every touchpoint,” said Samit Guha, Chief Executive Officer at MMTC-PAMP. “By streamlining the purchasing process and improving accessibility to our product range, we’re not only elevating the customer experience but also strengthening our market position. The platform’s advanced features will enable faster transactions, provide deeper product insights, and ultimately make precious metals more accessible to a broader audience of investors and collectors.”

The key features of the revamped website include intuitive navigation and product categorisation, allowing users to seamlessly browse MMTC- PAMP’s comprehensive collection, enhanced product visualisation with high- resolution imagery that highlights intricate design details and a streamlined checkout process with multiple secure payment options. It also allows users to personalise accounts to track order history and preferences, along with real- time precious metals pricing updates and educational resources to help them make informed investment decisions.

Addressing consumer touchpoints Harshit Gupta, Head Digital Consumer Business said, “Every element of the user journey has been meticulously crafted—from the responsive design that adapts to any device, to the simplified navigation architecture and enhanced search functionality. We’ve reduced friction points throughout the browsing and checkout process, allowing customers to effortlessly explore our premium products with the elegance and sophistication they expect from the MMTC-PAMP brand.”

Since its soft launch, the website has witnessed a significant increase in user engagement metrics, with longer session durations and higher conversion rates, demonstrating the platform’s effectiveness in meeting customer needs. This digital transformation reinforces MMTC-PAMP’s position as an industry leader committed to innovation while maintaining the highest standards of quality and authenticity that have defined the brand for years.

Speaking about the revamped website, Kashish Vasishta, Deputy General Manager, Marketing and E-Commerce at MMTC-PAMP, added, “The new website combines sophisticated functionality with elegant design, making the exploration and purchase of precious metals more accessible and friendly. This milestone represents our commitment to meeting customers where they are in their digital journey. With enhanced navigation, detailed product visualization, and personalized user experiences, we’re bringing the brilliance of precious metals to life online and creating meaningful connections with both seasoned investors and first-time buyers.”

The new MMTC- PAMP website is now live at https://www.mmtcpamp.com/shop, inviting customers to discover a world of precious possibilities.

Every product created by MMTC-PAMP goes through a rigorous purification process to ensure 999.9+ (99.99%+) the purity of the metal. To validate the authenticity, every MMTC-PAMP product carries a unique number and comes packaged in Assayer Certified Minted Cards. Each gold and silver product bought from MMTC-PAMP offers positive weight tolerance, which guarantees that every coin or bar one buys weighs more than the listed weight, ensuring customers receive the highest value for their investment. MMTC-PAMP products are available at their exclusive stores, leading jeweller partners, online marketplaces such as Amazon and Flipkart, or directly from MMTC-PAMP’s official website.

Wishes & Blessings Crosses 1 Crore Meals Milestone in Hunger Relief Efforts

New Delhi, 20th May 2025: Wishes & Blessings, a Delhi-based NGO dedicated to inclusive social development, has achieved a remarkable milestone – the successful distribution of 1 crore meals to underserved communities across states. In celebration of this achievement, the organization will host community meal events across several states on May 22, 2025.

The meals will be served in regions including Delhi, NCR, West Bengal, Assam and Jharkhand, showcasing the NGO’s extensive grassroots reach and pan-India impact. The celebrations are an expression of gratitude and a reaffirmation of the organization enduring commitment to addressing hunger across diverse geographies.

Founded in 2014 by Dr. Geetanjali Chopra, Wishes & Blessings has worked tirelessly to ensure that no one sleeps hungry. The organization delivers food through structured initiatives such as daily feeding programs, ration distributions, and emergency relief efforts. While hunger relief is a cornerstone, the NGO also actively works across other critical sectors such as education, elder care, gender empowerment, healthcare, and skill development.

“Serving 1 crore meals is not just a number—it represents hope, dignity, and the right to a full stomach,” said Dr. Geetanjali Chopra, Founder and President of Wishes & Blessings. “This milestone is a testament to the collective power of empathy, partnership, and unwavering resolve. But our work is far from over. As long as there’s hunger, our mission continues.”

The celebration comes just days before World Hunger Day on May 29, lending added relevance to the milestone.

India continues to face significant challenges related to food security. The Global Hunger Index 2023 ranks India 111th out of 125 countries, placing it in the “serious” category. With 16.6% of the population undernourished and 35.5% of children under five stunted, the scale of the problem remains profound.

Wishes & Blessings has responded robustly during crises, notably during the COVID-19 pandemic when food insecurity surged. The NGO rapidly scaled its operations to serve hot meals, distribute ration kits, and support daily wage earners left jobless. Today, the organization runs multiple feeding programs that are agile, scalable, and tailored to local needs—ensuring that meals reach the most vulnerable, including children, the elderly, the homeless, and people with disabilities.

In addition to its core hunger relief mission, the NGO works across more than nine critical intervention areas including education, elder care, gender empowerment, and health support. This holistic approach enables the organization to not only address hunger but also break the cycle of poverty and marginalization that perpetuates it.

Hafele Strengthens Nagpur Footprint with Onkar Furnitech as Platinum Studio Partner

Hafele, a global leader in interior solutions, has strengthened its presence in central India with the launch of its new Hafele Studio Partner Platinum Showroom in collaboration with Onkar Furnitech. Strategically located at Ground Floor, Sarthak Plaza, South Ambazari Road, Laxmi Nagar, the studio offers an immersive experience of Hafele’s comprehensive range of home and interior solutions.

The showroom was officially inaugurated by Mr. Nitin Gadkari, Hon’ble Minister of Road Transport and Highways of India, alongside Ms. Padma Gupta, Director – HR & Customer Experience, Hafele South Asia.

Designed as a hands-on discovery space, the studio showcases Hafele’s complete product portfolio—ranging from kitchen and wardrobe fittings to built-in appliances, lighting concepts, surfaces, and water solutions—all curated within dedicated zones that mirror real-life applications.

With Nagpur witnessing rapid urban development, increasing real estate projects, and a growing demand for modern interiors, the city has emerged as a promising hub for the interior design industry. The new studio catered to this momentum by offering a curated environment that brought together aesthetics, innovation, and functionality.

Commenting on the launch, Ms. Padma Gupta, said, “This showroom is a testament to Hafele’s vision of bringing world-class interior solutions closer to our customers in a truly experiential way. Our partnership with Onkar Furnitech allows us to introduce a thoughtfully designed, customer-centric space in Nagpur—one that empowers homeowners, architects, and designers to explore, engage with, and be inspired by our innovations.”

With Nagpur witnessing a surge in urban development and real estate growth, the demand for modern, functional interiors is on the rise. This new studio is well-positioned to serve the evolving needs of professionals and consumers seeking high-quality, design-led solutions.

The Hafele Studio Partner Platinum – Onkar Furnitech in Nagpur brings to life Hafele’s vision of making global interior trends and technologies locally accessible, setting a new benchmark for customer engagement in the region.

Address: Ground Floor, Sarthak Plaza, Plot no 10, South Ambazari Road, Laxmi Nagar, Nagpur (MH)-440010

Folks Motor Raises ₹100 Crore in First Close of ₹500 Crore EV Fund to Drive Green Mobility

New Delhi, 20th May 2025: Folks Motor, a prominent player in the xEV (retrofit) industry, a leading Indian automotive company, has launched “Folks Funds,” an Alternative Investment Fund (AIF) Category II, with an initial corpus of ₹500 crore. The brand has already secured ₹100 crore in its first close, with expectations to reach the full ₹500 crore by the end of 2025. The fund aims to bolster India’s electric vehicle (EV) supply chain and local manufacturing capabilities. Folks funds is India’s first ESG-focused investment fund catering to EV supply chains for its consolidation and to aggregate the demand of EV systems and components.

A significant portion of the fund will be allocated to developing “The Blue IP,” India’s first xEV-focused warehousing and industrial park in Sonipat, Haryana. This initiative is designed to support the EV ecosystem by providing state-of-the-art infrastructure for manufacturing and logistics.

The fund’s strategic investments will focus on key areas such as powertrain systems, energy storage, Electronic Manufacturing Services (EMS), and system integration. The objective is to achieve a minimum of 50% domestic value addition in line with government policies promoting local manufacturing.

Recognising the importance of regional collaboration, Folks Motor is in discussions with state governments in Telangana and Karnataka to expand its investment footprint. These states have been proactive in promoting EV adoption and infrastructure development.

India’s EV market is experiencing rapid growth, with sales surpassing 2 million units in 2024, marking a 25.4% year-over-year increase. However, localisation levels for critical components like motors and controllers remain at 30-40%, indicating a significant opportunity for domestic manufacturing.

The EV sector is also a significant driver of employment, with projections estimating the creation of 5 million direct and 30 million indirect jobs by 2030. Folks Funds aims to contribute to this growth by supporting companies that are integral to the EV supply chain.

“Our vision with Folks Funds is to redefine India’s position in the global EV supply chain. With the Blue IP and our strategic partnerships, we are not just building infrastructure—we are building future-ready ecosystems for sustainable manufacturing. This fund is a step towards Atmanirbhar Bharat, enabling domestic innovation and job creation while attracting global interest in Indian-made EV components. Besides this, the fund will also focus on retrofitment technologies, which are critical to extending the lifespan of existing vehicles and reducing operational costs for commercial fleets. This dual approach supports both green mobility and economic efficiency”, said Nikhil Anand Khurana, MD & CEO of Folks Motor.

The fund’s role goes beyond capital infusion, it is a catalyst for job creation, domestic innovation, and strategic consolidation of the EV supply chain. By enabling self-reliant EV manufacturing and supporting allied sectors like retrofitting and CNG, Folks Funds is poised to accelerate India’s transition toward green mobility and position the country as a global hub for sustainable automotive solutions.

Kapston Services net profit rises 118.84% in Q4FY25

Hyderabad, May 20, 2025: Kapston Services Ltd., an end-to-end manpower solutions provider, has declared its financial results for the Q4&FY25 ended March 31, 2025.

Total Revenue in Q4FY25 was at ₹ 185.11 crore, as compared to ₹ 141.61 crore in Q4FY24, up by 30.72%. EBITDA in Q4FY25 was at ₹ 9.59 crore as compared to ₹ 7.38 crore in Q4FY24; registered a growth of 29.94%. PAT in Q4FY25 stood at ₹ 6.04 crore, as compared to ₹ 2.76 crore in Q4FY24, grown by 118.84%.

Total Revenue in FY25 was at ₹ 689.52 crore, as compared to ₹ 521.33 crore in FY24, up by 32.26%. EBITDA in FY25 was at ₹ 31.75 crore as compared to ₹ 24.14 crore in FY24; registered a growth of 31.52%. Net Profit in FY25 was at ₹ 17.83 crore, as compared to ₹ 12.57 crore in FY24, grown by 41.85%.

Commenting on the results, Mr. Srikanth Kodali, Managing Director said, “We are delighted to report good set of numbers.

 We added more than 10 new marquee clients in Q4 and we continue to focus on business expansion in coming quarters. Our endeavour to improve margins and to bring cost efficiencies has resulted in improvement of EBITDA and PAT significantly.

 As India’s economic growth is one of the highest among fast growing countries of the world due to government impetus and economic policies, we are hopeful of higher employment opportunities in India and continued business growth.”