Archive: May 30, 2026

Tanishq Launches New Gold Exchange Campaign Featuring Sachin Tendulkar, Reinforcing Trust and Transparency

Bengaluru, May 30, 2026: Tanishq, India’s most trusted jewellery brand from the House of Tata, has unveiled its latest Gold Exchange initiative featuring cricket legend Sachin Tendulkar. The campaign highlights Tanishq’s industry-leading Gold Exchange process, emphasizing the transparency, trust, and customer-centric approach that have made the brand one of India’s preferred destinations for gold exchange.

For more than three decades, Gold Exchange has been an integral part of Tanishq’s offerings, enabling customers to unlock value from their old jewellery while upgrading to contemporary gold and diamond designs that reflect evolving lifestyles and preferences. To date, over 36 lakh customers have participated in Tanishq’s Gold Exchange programme, making it one of the most widely adopted exchange platforms in the country.

Built on the pillars of trust, transparency, and customer confidence, Tanishq’s Gold Exchange process ensures that customers receive maximum value for their old gold. As the category continues to gain popularity, the brand believes that true differentiation lies not merely in offering exchange services but in providing customers with complete clarity, assurance, and confidence throughout the valuation and exchange process.

At a time when consumers increasingly seek fairness and transparency in high-value transactions, Tanishq’s Gold Exchange proposition stands apart through its commitment to process integrity and end-to-end visibility. Customers can exchange old gold purchased from any jeweller, including jewellery with purity levels as low as 9KT, through a structured process designed to ensure accurate valuation and optimal value realization.

For many Indian families, jewellery purchases associated with weddings and significant life milestones carry deep emotional and cultural significance. As consumers look for smarter and more value-conscious ways to make jewellery purchases, Gold Exchange is emerging as a practical solution that allows them to leverage the value of existing household gold while continuing to celebrate important occasions.

Commenting on the initiative, Arun Narayan, CEO, Jewellery Division, Titan Company Limited, said, “Gold Exchange is fundamentally a trust-led decision because customers are parting with jewellery that holds both emotional and financial value. At Tanishq, we have spent decades building a Gold Exchange process rooted in transparency, credibility, and customer confidence. As the category becomes increasingly mainstream, we believe the true differentiator will be the trust customers place in the process itself. This initiative showcases the systems, safeguards, and transparency measures that continue to make Tanishq one of India’s most trusted Gold Exchange destinations.”

Speaking about the association, Sachin Tendulkar said, “In India, gold carries a deep emotional connection and is often linked to some of life’s most important moments, particularly weddings and family celebrations. Trust and transparency are therefore essential for people to feel confident and comfortable when buying or exchanging gold. Tanishq’s Gold Exchange programme respects this sentiment and strives to uphold it in every customer interaction.”

As Gold Exchange continues to evolve into a mainstream avenue for jewellery purchases, Tanishq remains focused on strengthening the factor that matters most to consumers—trust. Through this latest campaign, the brand reaffirms its long-standing commitment to making Gold Exchange more transparent, accessible, and confidence-inspiring, enabling customers to unlock the value of their existing household gold through a process built on decades of credibility, expertise, and care.

NMDC Steel Turns Profitable in FY26; Records Best-Ever Production and Sales

Production Up 62%, Sales Rise 74%; Company Reports Positive PAT, PBT and EBITDA

                                   *Production & Sales in Metric Tonnes and Financials in Rs. Crore 

Hyderabad, May 30, 2026: NMDC Steel Limited (NSL), one of India’s youngest integrated steel producers, has announced its financial results for FY26.  NMDC Steel Limited (NSL) delivered a landmark performance in FY26, achieving profitability and registering best-ever production and sales during the year, while also recording its best-ever quarterly performance in Q4, FY26.

NMDC Steel recorded its highest-ever annual production of 23.25 lakh metric tonnes and sales of 24.55 lakh metric tonnes during FY26, registering growth of 62% and 74% respectively over the previous year. The strong operational performance reflects improved capacity utilisation, enhanced efficiencies and growing market acceptance of NSL’s products across key sectors.

NSL has now achieved average capacity utilisation of 80% of its rated production capacity within two years of commencing its operations, marking a significant milestone in the operational stabilisation of the Nagarnar Steel Plant. This achievement places NSL among the fastest ramp-ups witnessed in the Global Steel Industry for a greenfield integrated steel project.

NSL also delivered its best-ever quarterly performance during Q4 FY26, with production rising 45% year-on-year to 6.42 lakh metric tonnes and sales increasing 40% to 7.03 lakh metric tonnes, underscoring the growing operational strength and market presence of the company.

The operational gains translated into a strong financial performance, with turnover increasing 60% year-on-year to Rs.13,642 crore. This robust growth reflects improved capacity utilisation, stronger market penetration and the growing acceptance of NSL’s high-quality steel products across key sectors.

Most significantly, FY26 marked a complete turnaround in NSL’s profitability. Profit After Tax (PAT) stood at Rs. 58.72 crore in FY26 against a loss of Rs. 2,373 crore in the previous year. Reflecting the strength of this turnaround, Q4 FY26 PAT improved to Rs. 391 crore from a loss of Rs. 473 crore in the corresponding quarter last year.

NMDC Steel closed FY26 on a strong note, delivering its best-ever quarterly production and sales alongside a significant improvement in operational performance. Turnover for Q4 FY26 increased 37% year-on-year to Rs. 3,879 crore, while EBITDA stood at Rs. 832.09 crore against a negative EBITDA of Rs. 271.51 crore in the corresponding quarter last year.

Commenting on the results, Shri Amitava Mukherjee, Chairman and Managing Director, NMDC Steel Limited, said: “FY26 marks a defining year in NMDC Steel’s journey. Achieving profitability, recording our highest-ever production & sales and reaching nearly average capacity utilisation of 80% within two years of operations reflect the successful stabilisation of the Nagarnar Steel Plant. As we continue to improve efficiencies, expand our product portfolio and strengthen our market presence, we remain committed to progressing towards full capacity utilisation of NMDC Steel Plant, while supplying high-quality steel products that contribute to India’s infrastructure and industrial development.”

The achievements of FY26 mark an important milestone in NSL’s growth journey. With operations stabilised, profitability achieved and market presence continuing to expand, NMDC Steel is well-positioned to build on this momentum and create long-term value for its stakeholders in the years ahead.

CIMP-BIIF and Annapurna Finance Private Limited Sign MoU to Strengthen Capacity Building in the Microfinance Sector

Patna, 30 May 2026: Chandragupt Institute of Management Patna – Business Incubation and Innovation Foundation (CIMP-BIIF) and Annapurna Finance Private Limited (AFPL), one of India’s leading microfinance institutions, signed a Memorandum of Understanding (MoU) today to collaborate in the areas of professional training, capacity building, and skill development for employees working in the microfinance sector.

The partnership aims to enhance the knowledge, skills, and competencies of microfinance professionals through industry-oriented training programmes. Under the MoU, CIMP-BIIF and AFPL will jointly design and deliver training modules focusing on microfinance operations, regulatory compliance, customer relationship management, and best practices in financial inclusion.

The collaboration will also focus on developing leadership capabilities, problem-solving abilities, decision-making skills, and effective time-management practices among employees. Participants will benefit from hands-on learning through practical modules, case studies, simulations, and experiential learning approaches designed to bridge the gap between theory and practice.

Dr. Rana Singh, Director, Chandragupt Institute of Management Patna (CIMP), said:

“At CIMP, we are committed to fostering meaningful industry-academia collaborations that create value for organizations and society alike. This partnership with Annapurna Finance Private Limited reflects our vision of strengthening the financial inclusion ecosystem through knowledge, innovation, and capacity building. We are confident that this initiative will contribute significantly to enhancing professional excellence and leadership capabilities in the microfinance sector.”

Speaking on the occasion, Shri Kumod Kumar, CEO, CIMP-BIIF, said, “This partnership reflects our commitment to building a skilled and future-ready workforce for the financial inclusion ecosystem. By combining academic excellence with industry expertise, we aim to create impactful learning experiences that enhance professional competence and organizational effectiveness.”

Professor Sunil Kumar, Associate Dean (Academics), CIMP, stated, “The microfinance sector plays a critical role in promoting inclusive growth and economic empowerment. Through this collaboration, we seek to provide high-quality training interventions that strengthen operational excellence, leadership capabilities, and customer-centric service delivery among professionals in the sector.”

Mr. Subrat Sabyasachi Roy, Head – Strategy, Annapurna Finance Private Limited, remarked, “Continuous learning and capability enhancement are essential for sustaining growth and delivering greater value to our clients. We are pleased to partner with CIMP-BIIF to develop structured learning programmes that will support employee development and contribute to the long-term success of the microfinance industry.”

The MoU marks an important step towards fostering industry-academia collaboration and promoting excellence in professional development within the financial inclusion and microfinance ecosystem.

Rashmi Group Announces Massive INR 35,000 Crore Investment Drive in West Bengal

Kolkata, May 30: Driven by the Government’s proactive and industry-friendly stance, the State has become a premier destination for large-scale investments. The Group particularly welcomes the administration’s continuous focus on infrastructure, industrialization, and streamlining business operations

In one of the largest industrial expansion announcements in Eastern India, Rashmi Group has unveiled a massive ₹35,000 crore investment blueprint for West Bengal, reiterating its longstanding commitment to the State’s industrial transformation and economic progress. The proposed investments across steel manufacturing, power, and resource development are expected to generate up to 50,000 new employment opportunities while significantly strengthening the region’s industrial ecosystem.

A trusted partner in West Bengal’s growth story for over four decades, Rashmi Group has consistently expanded its industrial footprint with a vision of inclusive development. The Group has already invested nearly ₹25,000 crores in the State, establishing a 10 MTPA Steel Plant, an 850 MW Captive Power Plant, and a 1.45 MTPA Cement Manufacturing Unit. Strategically located in underdeveloped regions, these facilities have played a pivotal role in driving socio-economic upliftment and currently support nearly 50,000 direct and indirect livelihoods, predominantly benefiting people from West Bengal.

Building on the State’s favourable industrial climate and progressive business environment, Rashmi Group has now finalized robust expansion plans across Purulia, Paschim Bardhaman, Birbhum, Jhargram, and Paschim Medinipur.

As part of the mega expansion blueprint, the Group will invest over ₹30,000 crores towards increasing its iron & steel manufacturing capacity by an additional 7 MTPA. The expansion is expected to substantially enhance industrial output, contribute significantly to state revenues, and create nearly to 35,000 direct and indirect employment opportunities.

Further strengthening its integrated operations, Rashmi Group has also acquired three coal mines in Birbhum and Paschim Bardhaman. The Group plans to invest another ₹5,000 crores towards operationalising these mines, which is projected to generate an additional to 15,000 direct and indirect employment opportunities.

With a strong financial foundation and one of the lowest-leveraged balance sheets in the manufacturing sector, Rashmi Group remains committed to sustainable growth, community empowerment, and nation-building. Through this landmark investment initiative, the Group is poised to play a transformative role in positioning West Bengal as the industrial growth engine of Eastern India while contributing meaningfully towards socio-economic progress, regional development, and enhanced livelihood opportunities for communities across the State.

Speaking on the occasion, Lal Babu Chourasia, Joint President – Commercial, Mining Strategy & Corporate Planning, Rashmi Group said,

 “West Bengal continues to emerge as one of India’s most promising industrial destinations with immense potential for large-scale manufacturing and infrastructure growth. Our proposed investments reflect our deep-rooted confidence in the State’s future and our unwavering commitment towards sustainable industrial progress, employment generation, and long-term socio-economic development.”

Shreyas WebMedia Solutions Participates in Startup Odisha Interactive Session on Building a Stronger Entrepreneurial Ecosystem

Bhubaneswar, May 30: Shreyas WebMedia Solutions Pvt. Ltd. participated in an interactive session with Shri Smruti Ranjan Pradhan, IAS, Chief Executive Officer, Startup Odisha, Government of Odisha, held on May 29, 2026, at the IDCO Conference Hall, 5th Floor, IDCO Towers, Janpath, Bhubaneswar. The programme was jointly organized by World Trade Center (WTC) Bhubaneswar and Startup Odisha, bringing together entrepreneurs, startup founders, business leaders, innovators, and industry stakeholders to deliberate on the growth and future of Odisha’s entrepreneurial ecosystem.

The session served as an important platform to familiarize participants with the initiatives and interventions undertaken by Startup Odisha to promote innovation, encourage entrepreneurship, and strengthen the state’s startup ecosystem. Discussions focused on government policies, startup funding opportunities, incubation support, innovation-led business development, and strategies for positioning Odisha as a leading destination for startups and emerging enterprises.

Addressing the gathering, Shri Smruti Ranjan Pradhan shared insights into the evolving startup landscape in Odisha and highlighted the support mechanisms available to entrepreneurs at various stages of their journey. Emphasizing the importance of collective efforts in building a vibrant entrepreneurial ecosystem, he stated, “A thriving startup ecosystem cannot emerge in isolation; it requires collaboration, incubation, and a strong foundation of education.”

He further underscored the need to nurture innovation from an early age, strengthen incubation infrastructure, and create an enabling environment where young entrepreneurs can transform ideas into sustainable enterprises. The discussions also explored emerging opportunities in sectors such as manufacturing, agritech, and technology-driven businesses, which are expected to play a significant role in Odisha’s economic growth.

Dr. Ashwini Kumar Rath, CEO, Batoi Systems, attended the programme as the Chief Guest, emphasizing the importance of stronger partnerships among industry, startups, academia, and government institutions in driving innovation-led growth. 

He highlighted that a collaborative ecosystem is essential for nurturing entrepreneurship, accelerating technological advancement, and creating sustainable opportunities for emerging enterprises. Dr. Rath further stressed that continuous knowledge-sharing, mentorship, and strategic partnerships will play a crucial role in accelerating Odisha’s journey towards becoming a leading innovation hub and contributing to the state’s long-term economic development.

Representing Shreyas WebMedia Solutions Pvt. Ltd., senior management team Ms. Bhumika Lenka  and Ms. K. Puspa attended the event. The representatives actively engaged in the interactive discussions and networking sessions, gaining valuable insights into entrepreneurship, startup development, innovation ecosystems, and emerging business opportunities within the state.

The programme facilitated meaningful exchanges between government officials, industry experts, entrepreneurs, and startup stakeholders, fostering dialogue on collaboration, innovation, and ecosystem development. The interactive format enabled participants to share perspectives, seek guidance, and explore potential partnerships that can contribute to Odisha’s growing startup landscape.

The event reinforced Odisha’s commitment to building a robust innovation ecosystem and empowering entrepreneurs through policy support, mentorship, incubation, and access to growth opportunities. It also highlighted the collective efforts being undertaken to realize the vision of a progressive, innovation-driven, and economically prosperous Odisha.

CII MSME Connect Series 2026 Highlights Expanding Business Opportunities for MSMEs in Odisha

Bhubaneswar, May 30: The Confederation of Indian Industry (CII) Odisha successfully organized the CII MSME Connect Series 2026: Expanding Business Horizon in Bhubaneswar, bringing together senior government officials, industry leaders and MSMEs to strengthen industrial collaboration and create new business opportunities for Odisha’s MSME sector.

The conference was graced by Shri Sampad Chandra Swain, Hon’ble Minister, Department of Industries, Skill Development & Technical Education, Government of Odisha, as the Chief Guest.

Addressing the gathering, Shri Sampad Chandra Swain emphasized that achieving the vision of Samrudha Odisha and Viksit Bharat by 2036 and 2047 would require MSMEs to grow alongside large industries. He stressed the need for stronger coordination between MSMEs and anchor industries, along with industrial area mapping to identify MSME opportunities around large industries. Highlighting Odisha’s industrial progress, he stated that Odisha has emerged as the second-highest investment destination in the country after Andhra Pradesh under the Utkarsh Odisha initiative.

Smt Rashmita Panda, IAS, Commissioner-cum-Secretary, Department of Micro, Small, and Medium Enterprises, Government of Odisha, highlighted the growing strength of Odisha’s MSME ecosystem, stating that the state has more than 14 lakh MSMEs registered under Udyam. She emphasized the importance of vendor development, stronger industry connect, and ease of doing business, while noting the Government’s focus on sectors such as food processing, mineral & metal and textiles.

Delivering the opening remarks, Mr Anil Kumar Singh, Chairman, CII Odisha State Council, highlighted the contribution of MSMEs towards employment generation and economic growth in Odisha and stressed the need for MSMEs to scale up capabilities to leverage upcoming industrial investments. Mr Manikanta Naik, Vice Chairman, CII Odisha State Council emphasized collaboration between large industries and MSMEs to bridge the industrial growth gap and encouraged enterprises to actively engage with industries for business expansion.

Dr Pradipta Mohanty, Past Chairman, CII Odisha State Council stressed focused development of MSMEs in textiles, food processing and agriculture, along with affordable infrastructure and technology adoption. Mr Sanjay Pattnaik, Past Chairman, CII Odisha State Council highlighted challenges related to land, finance, digital transformation, sustainability and risk management for MSMEs.

The conference enabled MSMEs to interact directly with industries including Vedanta Ltd, Jindal Stainless Ltd, HINDALCO Industries Ltd, JSW Steel Ltd, IFFCO, Talcher Fertilizers Ltd, Calderys India Refractories Ltd, NALCO Ltd, L&T, TPCODL and Shri Mahavir Ferro Alloys. More than 200 MSMEs participated in the conference.