Archive: October 1, 2025

BillMart Fintech CEO Ashok Mittal Welcomes RBI Rate Stability, Sees Boost for MSMEs

-Mr. Ashok Mittal, MD & CEO, BillMart Fintech 

“As expected, the RBI has kept the repo rate unchanged at 5.50%. What stands out this time is the upward revision in growth to 6.8% from 6.5% and the lowering of inflation projection to 2.6% from 3.1%, which is a very positive signal. For MSMEs and SMEs, this stability in rates, coupled with GST streamlining and structural reforms, gives them the comfort to plan ahead with confidence. It will help small businesses focus on growth rather than worry about sudden policy shifts.”

CJ Darcl Logistics Moves Toward Public Listing; DRHP Filed with SEBI

October 1, 2025: CJ Darcl Logistics, the India arm of South Korea’s logistics powerhouse CJ Logistics, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a proposed Initial Public Offering, marking a major milestone in the company’s growth and a significant move for India’s logistics sector, subject to receipt of requisite approvals and market conditions.

The IPO comprises a fresh issue of up to 26,470,000 equity shares and an offer for sale of up to 9,905,355 equity shares, as disclosed in the DRHP. The offer will be made via the book-building route with up to 50% reserved for qualified institutional buyers, not less than 15% for non-institutional investors, and not less than 35% for retail investors. ICICI Securities and DAM Capital Advisors are the Book Running Lead Managers, and MUFG Intime India Private Limited is the registrar. The equity shares are proposed to be listed on BSE and NSE.

CJ Darcl Logistics is a subsidiary of CJ Logistics Corporation, one of South Korea’s largest logistics companies by revenue (Source: CRISIL Report). CJ Logistics Corporation, listed on the Korea Exchange, reported consolidated sales of KRW 12,116,761.15 million (approximately USD 8,196.25 million) for the year ended December 31, 2024, and operates across more than 38 countries with a comprehensive suite of logistics services, including contract logistics, freight forwarding, express parcel delivery and supply chain management.

Incorporated in 1986, CJ Darcl Logistics is an integrated logistics service provider offering multimodal logistics and warehousing and distribution solutions to enterprise customers across India and select overseas markets. The company operates an asset-right model supported by a large, tech-enabled partner network. As of March 31, 2025, the company had a pan-India presence across 6,691 locations through 202 branch offices, 6 administrative offices, 14 warehousing facilities and 1 railway stock yard. Its network comprised 9,55,023 partnered fleet through a base of 5,54,781 business partners, alongside 1,178 owned commercial vehicles, 2,403 containers and have taken 483 vehicles on lease. The company owns 1,899 specialized containers we maintained one of the largest inventories of specialised containers in India, which represents one of the largest of such inventories held by any private company in India (Source: CRISIL Report).The company’s warehousing footprint expanded from 0.60 million sq. ft. in FY23 to 1.13 million sq. ft. in FY25.

CJ Darcl Logistics’ service portfolio spans first-mile transportation, storage, handling, last-mile delivery, invoicing on behalf of customers and inventory management within customer systems. The company serves a diversified customer base across metals, minerals, coal, chemicals, FMCG, engineering and construction, automotive and auto ancillary, agriculture and glass. It catered to 2,291, 2,261 and 2,277 customers during FY23, FY24 and FY25, respectively.

Revenue from operations was ₹5,161 crore in FY25 versus ₹4,215.8 crore in FY23, while net profit was ₹93.1 crore in FY25 versus ₹67.7 crore in FY23. In FY25, FY24 and FY23, contracts with a duration of at least one year contributed ₹4,284 crore, ₹3,775 crore and ₹3,230 crore, representing 83.00%, 82.16% and 76.62% of revenue from operations, respectively.

Chhattisgarh Deputy CM Shri Arun Sao and Shri Vijay Sharma inaugurates first of its kind Model Registrar Office in Naya Raipur

Naya Raipur, October 1, 2025: In a significant governance reform aimed at making public service delivery more accessible, transparent and efficient, the Chhattisgarh Deputy CM Shri Arun Sao and Shri Vijay Sharma today inaugurates one of its first Model Registrar Office in Naya Raipur.

The inauguration event was also graced by Shri O. P. Choudhary, Minister of Finance, Chhattisgarh Government, other cabinet ministers including Shri Ramvichar Netam, Shri Guru Khushwant Saheb, Shri Gajendra Yadav and Shri Rajesh Agarwal were also graced the occasion among other state government officials. This revamped office will redefine how citizens interact with land and property registration services—ensuring convenience, speed, and transparency at every step.

“BLS International, a global leader in tech-enabled citizen services, is proud to partner with the Chhattisgarh Government on this visionary initiative. These model SROs will bring global service standards to local administration, making everyday governance simpler, faster, and more accountable. The state has 104 sub registrar offices (SRO), which will be converted into Model SRO in phased manner. We are undertaking digitisation work for 19 Model SROs in the first phase. As experienced partners we have been working with various other state governments as well providing ease of service and efficiency,” said Shikhar Aggarwal, Joint Managing Director, BLS International and Chairman, BLS E-Services Limited.

BLS International, a global leader in tech-enabled citizen services, has been awarded the mandate to develop, operate, and manage these next-generation sub-registrar offices. The rollout will include major towns and districts across Chhattisgarh, started with with Naya Raipur to have flagship Model SRO as a showcase of what citizen-centric service should look like in the modern era.

“We congratulate the Government of Chhattisgarh on the inauguration of the first-of-its-kind model sub-registrar office in Naya Raipur. We are also proud to partner with the Chhattisgarh Government on this visionary initiative. These model SROs will bring global service standards to local administration, making everyday governance simpler, faster, and more accountable,” Mr Sandeep Gupta, COO-Technology Services, BLS International said.

Each Model SRO will feature streamlined digital infrastructure, biometric verification systems, real-time status updates, and citizen facilitation counters—all designed to minimize bureaucracy and maximize user experience. In addition, these offices will include air-conditioned waiting lounges, token-based queue management systems, CCTV surveillance for transparency and security, dedicated counters for senior citizens and differently abled persons, drinking water and sanitation facilities, and digital display boards for real-time service updates. The premises will also offer photocopying, printing, and document scanning services along with complaint redressal counters, ensuring that every citizen receives a seamless, single-window experience for all registration-related needs.

BLS International brings years of experience in delivering public services at scale across geographies. Their partnership with the Chhattisgarh government signals a new era in public service management—one rooted in accountability, accessibility, and innovation.

This transformation comes at a crucial time when governance models across India are shifting towards greater digitization and citizen empowerment. With Chhattisgarh taking the lead, the model is expected to inspire other states to prioritize smart, transparent, and responsive public services.

From urban centers like Naya Raipur to smaller districts, these modern SROs are poised to become anchors of good governance—offering both infrastructure and intention that reflect the aspirations of a digitally driven India.

PHDCCI Workshop on Financing BESS Showcases Innovative Strategies to Unlock India’s Energy Storage Potential

The Task Force on Infrastructure Finance at PHD Chamber of Commerce and Industry (PHDCCI), in collaboration with the NEXGEN Foundation, successfully organised the Workshop on Financing BESS: Innovative Strategies – Unlocking India’s Energy Storage Potential: Policies, Projects, and Financing Pathways at PHD House, New Delhi. The workshop brought together senior industry leaders, financial institutions, and global experts to deliberate on innovative financing models that can accelerate the deployment of Battery Energy Storage Systems (BESS) in India’s clean energy landscape.

The proceedings commenced with a welcome and theme address by Mr Sanjeev Gupta, Co-Chair, Infrastructure Finance Task Force, PHDCCI & Managing Director, NEXGEN Financial Solutions Pvt. Ltd., who underlined the critical role of financing in mainstreaming energy storage technologies.

The inaugural session featured distinguished contributions from Dr Ajay Mathur, Professor (Public Policy), IIT Delhi & Former Director General of the International Solar Alliance, who spoke about policy frameworks needed to enable storage adoption; Ms Riya Saxena, Senior Associate and Climate Finance Expert, RMI India, who emphasised international best practices in storage financing; Mr P.K. Jena, Chief General Manager (Power Trading), NTPC Vidyut Vyapar Nigam Ltd, who elaborated on trading mechanisms and the commercial outlook for BESS; and Mr Satyan Kumar, Chief Executive Officer, ONGC Green Ltd., who discussed the role of storage in corporate energy transition strategies.

Industry perspectives were further enriched by Mr Parveen Jangra, Founder, COO & CTO, Oriana Power Ltd., who highlighted entrepreneurial and technology-driven solutions; Mr Umang Maheshwari, Managing Director, BESS, The Global Energy Alliance for People and Planet (GEAPP), who shared global financing experiences; and Mr J.K. Mittal, Advocate, Supreme Court of India & Legal Consultant (GST), who provided insights on the legal and taxation environment relevant to BESS projects.

Following the inaugural session, the workshop hosted two high-powered panel discussions.

The first panel discussion on “Debt Finance: Lenders, Private Credit Funds & Innovative Credit Solutions” was chaired by Mr Sanjeev Gupta and moderated by Mr Gulshan Malik, Former Deputy Managing Director, State Bank of India. The session brought together Mr Raman Aggarwal, CEO, Finance Industry Development Council (FIDC); Mr Kamlesh Menon, Chief General Manager (Projects), Power Finance Corporation Ltd.; Mr Naveen Rawat, General Manager, PFSBU, State Bank of India; and Mr Garvit Shah, Principal Professional, New Development Bank. The panellists discussed the importance of structured lending, credit enhancements, and innovative debt instruments to support large-scale BESS projects.

The second panel discussion, titled “Equity & Innovative Solutions: Venture Capital, PE, Family Offices, Structured Products,” was moderated by Mr Vipin Agarwal, Founder & Director of Longview Research and Advisory Services Pvt. Ltd., and chaired once again by Mr Sanjeev Gupta. This session featured insights from Mr Abhishek Ranjan, CEO, BSES Rajdhani Power Limited (BRPL); Mr Anand Kumar, Vice President, Corporate Strategy & Planning, PTC India Ltd.; Mr Rajesh Sharma, Chief Growth Officer, Waaree Energies & Waaree Ventures; Mr Gaurav Kapoor, Founder & Managing Partner, Ekamya Capital Advisory LLP (Ekamya Pragati Fund); Mr Ankur Gupta, Chief Investment Officer, Sindhu Trade Links Ltd.; Mr Ashish Agarwal, CEO, Pushpak Rental Solution Pvt. Ltd., and Dr Munish Sabharwal, Managing Director, Nexdigm. The discussion centred on the evolving roles of venture capital, private equity, and innovative financial instruments in developing scalable and bankable storage business models.

Key takeaway: Experts concluded that India’s energy transition will significantly depend on robust financing frameworks, clear policy support, and collaborative innovation to unlock the full potential of battery energy storage systems, thereby strengthening grid reliability and advancing sustainable growth.

ROCKING DEALS GENERAL TRADING LLC Appointed as Authorized Trading Partner for Eureka Forbes’ ‘Forbes’ Brand in the GCC

New Delhi – October 1, 2025 – Rockingdeals Circular Economy Limited (RDCEL) (NSE-Emerge: ROCKINGDCE) today announced a significant milestone in its strategic global expansion, confirming that its subsidiary, ROCKING DEALS GENERAL TRADING LLC, has been formally appointed as an authorized representative and trading partner for EUREKA FORBES LTD., the legal owner of the “Forbes” brand.

This authorization, effective September 26, 2025, grants ROCKING DEALS GENERAL TRADING LLC permission to utilize the “Forbes” brand name, logo, and associated marketing materials for the purpose of selling its authentic products across both online and offline markets in the GCC (Gulf Cooperation Council) markets.

The partnership is a key element of RDCEL’s broader strategy to establish a strong presence in the Middle East and North Africa (MENA) region through its subsidiary, which is already a partner with major e-commerce platforms like Noon and Amazon Middle East. This collaboration immediately expands the market reach for Eureka Forbes’ products and significantly enhances the portfolio of high-quality brands offered by Rockingdeals General Trading LLC in the region.

Commenting on the development, an official spokesperson for ROCKING DEALS GENERAL TRADING LLC stated, “This is a pivotal partnership that underscores our commitment to bringing high-quality, trusted brands to the GCC consumer. Eureka Forbes is a name synonymous with excellence, and we are excited to be the authorized partner entrusted with representing the ‘Forbes’ brand in this growing market. This appointment is a strong vote of confidence in our rapid market penetration strategy in the MENA region.”

The authorization is governed by a commercial agreement and allows for the exclusive use of the “Forbes” brand for promoting and selling its products, ensuring all usage adheres strictly to the established identity and standards of Eureka Forbes Ltd. This appointment, however, does not transfer any ownership of the “Forbes” brand or its associated intellectual property rights.

This strategic collaboration complements RDCEL’s existing focus on quick commerce and re-commerce, aiming to meet the rising consumer demand for speed and affordability while championing the principles of the circular economy.

Limelight Lab Grown Diamonds Launches Navarambh with Shilpa Shetty Through a Powerful New Campaign, Redefining Bridal Gifting in India

With a powerful campaign film, Limelight Lab Grown Diamonds redefines bridal jewellery for today’s woman that goes beyond lockers

Mumbai, 1st October 2025: Limelight Lab Grown Diamonds, India’s largest lab-grown diamond brand, has launched its latest campaign film featuring brand ambassador and investor Shilpa Shetty, introducing Navarambh – a thoughtfully curated bridal jewellery collection designed for the new age bride.

The campaign film captures the heartfelt emotion and essence of wedding gifting for a daughter, with Navarambh emerging as the ultimate gift of love and new beginnings. Presented in an elegantly crafted keepsake box, the collection features seven stunning diamond jewellery pieces that are modern, elegant, and versatile – perfect for every milestone ahead.

Right from Karwa Chauth dinners to cocktail parties, from Diwali celebrations to anniversaries, Navarambh redefines bridal jewellery by going beyond the locker to become an integral part of her everyday and special moments.

Speaking about the launch, Shilpa Shetty, Brand ambassador and Investor at Limelight Lab Grown Diamonds, said: “Navarambh is truly special! It is for the bride who carries a new vision and embraces every moment with grace and style. It’s jewellery that is timeless yet practical, a treasure she can adorn on multiple occasions, making it the perfect gift for the start of her new journey.”

Adding to this, Pooja Sheth Madhavan, Founder & Managing Director, Limelight Lab Grown Diamonds, said: “At Limelight, we believe in redefining the way jewellery is perceived and worn. With Navarambh, we wanted to create a collection that resonates with the aspirations of today’s bride versatile, elegant, and truly meaningful. It’s more than jewellery; it’s a celebration of her new beginnings. We believe this narrative will deeply resonate with today’s bride, who seeks jewellery that mirrors her individuality, celebrates her milestones, and goes beyond being locked away to truly become part of her life

Rupali Shrivastava, Chief Marketing Officer, Limelight Lab Grown Diamonds, added: “With Navarambh, we are rolling out one of our most extensive campaigns yet across digital platforms, print, television, and in-store experiences to ensure we reach brides and families at every touchpoint of their jewellery journey. The campaign film beautifully captures how Navarambh offers a practical solution for today’s bride.

To make this festive season even more special, Limelight has also launched the Annual Bash, the most awaited sale of the year, featuring Flat 30% OFF on Diamond Value and 100% OFF on Making Charges across all stores. This ensures brides and families can celebrate Diwali with stunning jewellery that is both aspirational and attainable”

Navarambh is priced attractively starting at just ₹5.99 lakh, making it an aspirational yet practical choice for bridal gifting. The collection is now available across Limelight’s 50+ stores in 45+ cities.