Archive: October 3, 2025

JSW MG Motor India sells 6728* units in September 2025

JSW MG Motor India sells 6728* units in September 2025 Records 34% Y-o-Y growth over September 2024 with its highest wholesale in CY2025

Gurugram, October 3, 2025: JSW MG Motor India reported monthly sales of 6728* units in September 2025, reflecting a year-on-year (YoY) growth of 34% compared to the 5021 units sold in September 2024. The company’s growth was supported by the recent GST reduction and the onset of the Navratri festive season, both of which boosted customer sentiment and provided strong sales momentum. Both ICE and EV models of JSW MG Motor India contributed to this remarkable achievement.

The recent GST reduction has delivered significant benefits to customers, ranging from INR 54,000 to INR 3,50,000 across MG’s ICE vehicle lineup including the Astor, Hector, and Gloster.

JSW MG Motor India has also become the second largest brand in the Luxury EV segment through its luxury retail channel MG SELECT (source VAHAN). This achievement is driven by flagship offerings including the MG Cyberster—the world’s fastest MG—and the MG M9 Presidential Limousine.

MBD Group Celebrates 69 Glorious Years of Excellence and Innovation

Noida, 3 october: MBD Group, a diversified conglomerate with a global presence, proudly celebrates its 69th Establishment Day, marking nearly seven decades of excellence in education, hospitality, real estate, retail, and more. Founded in 1956 by the visionary Shri Ashok Kumar Malhotra Ji, MBD Group has consistently stayed ahead of the curve with a steadfast commitment to innovation, social responsibility, and quality.

From a single bookstore in Jalandhar to a global enterprise, the MBD journey is one of relentless growth, empowerment, and transformation. Today, the Group stands as a beacon of trust and leadership in every verticals it operates in.

This year, the 69th Establishment Day was celebrated with great enthusiasm and unity across MBD offices and properties, including MBD House Delhi, Jalandhar, Radisson Blu MBD Hotel Noida and other offices spread across the globe.

The event began with a grand introduction followed by a heartfelt audio-visual tribute to our Founder, Shri Ashok Kumar Malhotra. A moving speech by Mrs. Satish Bala Malhotra, Chairperson of MBD Group, set the tone for the evening, emphasizing the importance of values and vision that continue to drive MBD forward. The traditional lamp lighting ceremony was held, followed by the MBD Pledge and cake-cutting ceremony, added a sense of unity and celebration to the occasion. A powerful Opening Act – “O Shera”, featuring both internal and external performers, including a martial arts showcase, wowed the audience and set the stage for the celebrations to come.

Engaging performances like the Team Skit, HOD Act – “Aya Re Toofan”, and multiple award segments celebrated the talent, commitment, and achievements of MBDians across departments and regions.

Ms. Monica Malhotra Kandhari, Managing Director of MBD Group, delivered a compelling speech on the power of innovation in education/ Edtech, highlighting the impact of initiatives like AASOKA and the Love to Learn campaign, which continues to transform classrooms and provide tech-driven learning to schools, including those serving underprivileged children.

One of the event’s most heartwarming highlights was the recognition of MBD employees and their families. Scholarships were awarded to the children of MBDians, acknowledging their academic efforts and aspirations. Employees were also honored with appreciation awards for their outstanding contributions throughout the year in their respective domains, a true celebration of the spirit of Life@MBD. Audio and visuals showcasing Ashok Karya, our CSR initiative and People and Culture Engagement reflected the spirit of Life@MBD, spotlighting stories and memories from across 60+ offices in India and abroad.

Ms. Sonica Malhotra Kandhari, Joint Managing Director, concluded by sharing her vision for growth in hospitality, retail, and sustainability. She emphasized the importance of innovation and delivering meaningful experiences across all sectors, while staying true to the values of her beloved father and MBD Group’s founder, Shri Ashok Kumar Malhotra. She also expressed heartfelt appreciation and affection for every MBDian, acknowledging their dedication and contributions.

Over the past years, MBD Group has actively undertaken a range of impactful CSR initiatives rooted in the values of compassion, inclusivity, and community upliftment. This year, these efforts were officially brought together under a dedicated CSR identity, Ashok Karya launched in honor of our Founder, Shri Ashok Kumar Malhotra Ji, whose life and legacy continue to inspire meaningful change. Under Ashok Karya we organised art exhibition showcasing the talents of godly-abled children, resulting in the sale of artworks worth ₹7 lakh and the sales was taken care by the members of MBD Group only, the launch of the Robotics Lab on Wheels to bring STEM education to remote and underprivileged areas, were not only executed but deeply appreciated during the 69th Establishment Day celebrations. The event served as a platform to reflect on these initiatives and to reaffirm the Group’s unwavering commitment to expanding its social impact in the years ahead, carrying forward the vision and values of our Founder.

The day concluded with the MBD Anthem, a collective thank-you note, and the opening of the Hi-Tea, bringing everyone together in celebration.

With its unwavering focus on quality, innovation, and social impact, MBD Group is more committed than ever to shaping a better tomorrow for learners, communities, and the nation. Here’s to 69 years of legacy, and many more to come.

The House of Lakmē Announces the Lakmē Fashion Week X FDCI Grand Finale with Designer Tarun Tahiliani

New Delhi, 3 October 2025: Lakmē today announced that iconic couturier Tarun Tahiliani will present at the Lakmē Grand Finale at Lakmē Fashion Week X FDCI on October 12, 2025. This season, the Grand Finale will spotlight Lakmē’s newest beauty statement the Lakmē Be-Jewel collection – a modernized take on maximalism that celebrates luminosity, soft glam, and diffused shimmer created for Indian skin tones.

The showcase opens with Tarun Tahiliani’s Bejewelled collection, a modern, layered ornamentation that draws on India’s inheritance of craft, drape, and jewels. Jackets, kimonos, and jewel-printed bombers gleam like armour, while fluid chiffons and satins in emerald, aubergine, amethyst, and ruby soften the silhouette. Garments are paired with pearls and jewellery carried as belts, bags, and talismans that glint against the body. Much like Lakmē’s Be-Jewel, radiant without excess, Tahiliani’s vision transforms the language of adornment into a contemporary expression of glamour and lightness.

Sunanda Khaitan, Vice President & Head of Marketing, Lakmē, said: “Creatively, this collaboration is a true meeting of minds — a co-storytelling moment where Lakmē brings a reimagined version of maximalism that is luminous, expressive, confident, and effortlessly wearable, all rooted in our Be-Jewel ethos. Tarun Tahiliani’s mastery of drape, embellishment, and Indian craft embodies the same spirit. Just like we constantly do at Lakmē, reinventing codes and modernizing them for the Indian consumer, Tarun takes traditional Indian elements and translates them into contemporary couture. His ability to reinterpret these codes makes him the perfect collaborator to show how fashion and beauty together can convey a softer, radiant glamour for today’s Indian woman.”

 Tarun Tahiliani added: “To be bejewelled is to be adorned not only with gems, but with memory, craft, and the many textures of our land. With this collection, I wanted to explore adornment in its modern form where drapes, jewel tones, and embellishments evoke radiance without excess. It is my interpretation of India Modern: sculptural, sensual, and light enough to move effortlessly from day into evening. I am delighted to return as the Grand Finale designer with Lakmē for Lakmē Fashion Week X FDCI. My hope is that this showcase inspires women to shine in their own presence, as much as in what they wear.”

The Lakmē Fashion Week X FDCI Grand Finale featuring Tarun Tahiliani will be held on October 12, 2025, in New Delhi.

Borosil launches festive radio campaign to spotlight new Gas Stoves & Appliances

Mumbai, 3^rd October, 2025 – Borosil, one of India’s most loved kitchen brands, has launched a festive radio campaign running till Diwali to showcase its new range of cooktops and appliances. The campaign aims to strengthen brand visibility, build excitement, and bring Borosil closer to families during this joyful season.

The campaign is airing on Radio Mirchi across key North Indian cities including Delhi, Gurgaon, Faridabad, Ghaziabad, Meerut, Chandigarh, Ludhiana, Patiala, Jalandhar, Amritsar, Jaipur, Lucknow, and Kanpur. Through short ads, festive jingles, and lively conversations by popular RJs, Borosil’s message reaches millions of listeners, connecting with families as kitchens come alive with food and celebrations.

At the heart of this campaign is Borosil’s range of stainless steel and glass-top cooktops, known for their durability, safety, and sleek design. The toughened glass adds elegance, while high-efficiency brass burners ensure faster cooking. Complementing these are Borosil’s modern appliances – including mixer grinders, OTGs, juicers, air fryers, and electric kettles – designed for powerful performance and easy handling. Whether it’s preparing festive sweets, baking snacks, or air frying meals, Borosil makes festive cooking simple and enjoyable.

Speaking about the initiative, Ms. Barnali Shankar, VP, Borosil Ltd – Marketing, Borosil, said: “Festivals in India are about joy, togetherness, and the food we lovingly prepare for our families. Borosil cooktops and appliances make cooking faster and easier, so families can spend more time celebrating with their loved ones.”

The campaign emphasizes how Borosil combines efficiency, style, and performance in everyday cooking. By making festive preparations simpler, the brand strengthens its place as a trusted partner in every family’s Diwali kitchen – turning cooking into moments of love, laughter, and cherished memories

Shriram AMC Appoints Amit Modani as Senior Fund Manager

AMC Strengthens Fixed Income Expertise with Appointment of Amit Modani as Senior Fund Manager

Mumbai, October 3, 2025: Shriram Asset Management Company Ltd. (Shriram AMC), part of the Shriram Group, is pleased to announce the appointment of Mr. Amit Modani as Senior Fund Manager and Lead – Fixed Income. In this role, Amit will contribute to the company’s overall investment strategy and AUM with a focus on Fixed Income Markets to help investors, both institutional and individual, build diverse debt portfolios that are more resilient to economic and market shifts.

Amit brings over 13 years of experience in the Fixed Income markets, spanning money markets, macro and duration strategies, combining quantitative risk analysis with fundamental insights. He joins Shriram AMC from Mirae Asset Mutual Fund, where he managed a wide range of fixed income funds like Liquid, Money Market, Arbitrage, Short Term and Corporate Bond Funds and gained expertise in Target Maturity and Exchange Traded Funds.

Previously, Amit worked with BOI Mutual Fund and PGIM Mutual Fund, where he managed portfolios across the fixed income yield curve and actively traded in government securities, corporate bonds, and money market instruments. His career has been defined by building investment frameworks that balance risk management, regulatory compliance, and deep market insights to serve diverse investor needs. In the current macro-economic environment, with rates being held steady to balance inflation and growth priorities, his expertise in navigating fixed income opportunities in various scenarios positions him strongly to drive Shriram AMC’s debt offerings.

Welcoming him to the team, Kartik Jain, Managing Director and CEO, Shriram AMC, said: “We are delighted to welcome Amit to Shriram AMC. His strong track record in managing fixed income strategies with a data led mindset to risk, coupled with deep market understanding, makes him the right fit for our growing quantamental investment platform. With Amit on board, we are confident of further enhancing our debt portfolio and delivering differentiated solutions aligned with the evolving needs of investors including treasuries. His appointment reflects our commitment to building a strong talent pool and strengthening our investment capabilities as we continue to scale Shriram AMC into a trusted and world class asset management company.”

Amit is a Chartered Accountant and a member of Institute of Company Secretaries of India by educational qualification and was recently rewarded the “CA 40 under 40” Prestigious award by The Institute of Chartered Accountants of India.

Sharing his enthusiasm on joining Shriram AMC, Amit Modani said: “I am delighted to join Shriram AMC at a pivotal stage of our growth journey. Our investors look for stable risk adjusted returns from their debt portfolios, with the promise of a steady stream of income and capital preservation with predictability, that can complement higher-risk assets and contribute to long-term wealth creation. Well managed Fixed Income plays a critical role in ensuring portfolio stability and I look forward to leveraging my experience to design data led risk adjusted strategies that are responsive to policy directions and create consistent value for investors in the long run.”

With Sanlam Emerging Markets (Mauritius) Limited (SEMM), coming on board as a promoter, along with the existing joint promoter Shriram Credit Company Limited, Shriram AMC is committed to strengthening its talent pool and investment processes to deliver innovative, customer-centric solutions, further reinforcing its position in the mutual fund industry.

SolarWinds Expands Global Presence With New Office in Bengaluru

BENGALURU, India – October 3, 2025 – SolarWinds, a leading provider of simple, powerful, secure observability and IT management software, today announced the opening of its new office in Bengaluru, India.  

The expansion is designed to strengthen the company’s global strategy by increasing research and development capacity and accelerating the delivery of next-generation solutions for today’s hybrid IT environments. By investing in India’s deep and highly skilled technology talent pool, SolarWinds is reinforcing its commitment to innovation and customer success worldwide. 

“India is a cornerstone of our innovation strategy,” said Sudhakar Ramakrishna, President and CEO of SolarWinds. “With this expansion, we’re not just growing our footprint – We are continuing to empower our customers on their journey to operational resilience through high-quality, secure, and scalable IT solutions.” 

Key Highlights: 

• Strategic R&D Focus: The site will concentrate on advanced engineering and product development for next-generation observability, hybrid IT, and AI-powered solutions. 
• Global Innovation Accelerator: The new office strengthens the company’s presence in the Asia-Pacific-Japan (APJ) region, supporting its mission to accelerate innovation globally. 
• Economic Impact: This expansion supports India’s growing role as a global tech powerhouse and is designed to create high-value jobs in the region. 

 Join Us for SolarWinds Day: Get Your Front-Row Seat to the Future of IT 

SolarWinds invites IT professionals to join us on SolarWinds Day for APJ on October 9, from 11-2 pm SGT. Register for a first look at the next era of IT and deep-dive THWACK camp^™ sessions on critical topics, including observability, ITSM, and database management.

RBI Unveils Growth-Focused Reforms to Boost Credit, Ease Business, and Support INR Internationalisation

Sachin Sawrikar Managing Partner Artha Bharat Investment Managers IFSC LLP

“While there was no strong case for an immediate rate cut, the more important focus was on how the RBI would support credit delivery and improve the ease of doing business, particularly through adjustments to risk weights and regulatory frameworks. In that context, the RBI has announced a series of thoughtful and forward-looking measures. Expanding bank financing to include M&A activity, increasing limits on capital market exposures, and rationalising the large exposure framework are all constructive steps toward more efficient capital allocation. The reduction of risk weights for infrastructure lending by NBFCs is a clear positive, potentially lowering the cost of capital for critical sectors.

On the external front, increasing the timeline for realisation of export proceeds in INR from one month to three months provides flexibility to exporters and supports INR invoicing. The planned rationalisation of FEMA and ECB regulations, along with measures to simplify non-resident business frameworks, reflects a sustained push to align with global best practices. Importantly, steps to internationalise the INR, including allowing neighbouring countries to take credit in INR, are timely and strategic.

Overall, the direction is pragmatic, growth-supportive, and clearly aimed at improving financial sector efficiency and business ease.”