The Brewery transformed into a haven of soulful rhythms on Wednesday as As It Is took the stage, weaving a tapestry of classic and contemporary jazz with effortless finesse. The evening’s allure was magnified by the presence of 17-year-old jazz pianist Armaan Khurana, who graced the ensemble as a guest performer, adding a youthful yet profound resonance to the performance.

Young Talent, Timeless Tunes: Armaan Khurana Mesmerizes with Jazz Saxophone at The Brewery

Armaan, a high school student whose fervent devotion to jazz eclipses his years, collaborated seamlessly with As It Is, a collective of young, accomplished musicians: Sidheshwar Malakar, Pranav Joshi, and Riddesh Acharya. His dexterous command over the piano captivated the audience, while his specially curated saxophone renditions offered glimpses of his versatility and deep artistic commitment.

Armaan Khurana Joins ‘As It Is’ on Keys for a Soulful Jazz Evening

Despite being the youngest artist on stage, Armaan exuded a serene confidence, his improvisations dancing gracefully through the chords, reflecting a sensitivity rare in performers of his age. Each note he played was imbued with intention, melding harmoniously into the band’s cohesive, spirited arrangements.

“Armaan is incredibly talented and truly gifted,” remarked drummer Riddesh Acharya, recounting how their paths intersected. Armaan had approached the band with an earnest request to perform alongside them, and after an impromptu audition, his artistry and sincerity left a lasting impression, earning him an invitation to join their live performance.

Throughout the evening, the band meandered through beloved jazz standards and contemporary interpretations, inviting the audience into an immersive sonic journey of tranquility and exhilaration. Every member of the ensemble found their moment to shine, with Armaan’s interplay adding layers of warmth and sophistication to the soundscape.

Reflecting on the evening, Armaan shared, “It was a great experience to play with them. I’m grateful for the chance and hope to do more in the future.”

As Vadodara steadily blossoms as a cultural hub, evenings like these serve as luminous reminders of the talent quietly nurtured within the city, waiting to find its voice. The performance by As It Is, elevated by Armaan’s presence, was not merely a concert but a heartfelt homage to the timeless spirit of jazz and a glimpse into its luminous future in the city.

As more Indians switch to electric vehicles, these practical tips with help from VinFast’s VF 6 and VF 7 can guide first-time EV owners toward a smooth and confident start to electric driving.

VinFast VF 6 and VF 7 have smart features that can address these concerns, making EV ownership easier for Indian drivers

India’s EV market is picking up speed, with over 74,500 EVs sold in the first half of 2025, marking a 53% increase over the same period last year and already accounts for 75% of total EV sales in 2024.

This means more Indians are making the switch, but buying your first EV can feel overwhelming. Where do you charge How do you maintain the battery And how do you manage those scorching summer days

The upcoming premium VinFast VF 6 and VF 7 have smart features that can address these concerns, making EV ownership easier for Indian drivers. Here are six practical tips to help you settle into electric driving, with how VinFasts models can smooth the transition.

1. Learn Your Charging Options

Instead of having to queue at the gas pump, EV owners can charge at home, and that’s probably the most comfortable way to charge: Its cheaper than public stations and happens while you sleep. EV owners can install a Level 2 AC charger in their apartment complex or individual house.

The VF 6 and VF 7 let you schedule charging sessions through their mobile app. You can set your car to charge during off-peak hours when electricity rates drop. This saves money and keeps your battery healthier by avoiding peak-demand periods.

For longer trips, public charging can fill the gaps for longer trips. In metro cities like Delhi, Mumbai, and Bengaluru, charging stations are increasingly available at malls and and petrol pumps. Fast chargers can top up your battery in under half an hour, making them suitable for intercity travel. In smaller towns, you may need to plan ahead, as charging infrastructure is still catching up.

2. Plan Your Routes Around Charging Stops

Smart route planning can prevent those nail-biting moments when your battery dips low. Use EV-supporting apps to map your journey with working charging stops along the way. Always double-check availability and charging speeds before setting off.

Both VinFast models come with voice assistants that speak local languages. You can ask your car to find nearby charging stations while driving. The smartphone integration lets you monitor charging sessions remotely, so you know exactly when to return to your car.

VinFast is also building a comprehensive EV ecosystem in India. This includes expanding charging networks and service centers. The company understands that infrastructure support matters as much as the vehicles themselves.

3. Understand Battery Management Basics

Your EV battery lasts longer when you treat it right. Avoid letting it drop below 20% or charging to 100% daily. The sweet spot sits between 30% and 80% for regular use. This is especially important in Indian conditions, where high ambient temperatures can already put stress on battery performance. Parking in shaded areas or indoor garages during summer helps avoid battery overheating.

The VF 6 and VF 7 feature advanced Battery Management Systems that optimizes charging patterns, monitors cell health, and keeps everything running efficiently. You get the benefits without the complexity.

4. Use Drive Modes to Maximize Efficiency

Most EVs offer multiple drive modes. Eco mode stretches your range but limits acceleration. Sport mode delivers full power but drains the battery faster. Normal mode balances both. In Indian traffic, where frequent braking and acceleration are common, Eco mode combined with regenerative braking helps extend range, especially during city commutes. On open highways, switching to Normal or Sport mode offers better responsiveness and overtaking power.

The VF 6 and VF 7 offers multiple distinct drive modes plus regenerative braking options. City driving becomes smoother with lighter steering and one-pedal driving. Highway trips get sportier with tighter steering response and enhanced stability.

5. Use Remote Features During Hot Weather

In Indian summers, cabin temperatures can rise above 45C when parked in the sun. Pre-cooling your vehicle before you get in saves energy and keeps you comfortable. Also, cooling the cabin while the car is still plugged in reduces the load on your battery during the drive, preserving range and comfort.

VinFast owners will get access to the VF C-App, which lets you control air conditioning remotely. Start cooling your car from your office or home. This uses grid power instead of battery power, preserving range for your drive.

6. Take Advantage of Long-Term Warranties

New technology can make buyers nervous. What happens if something breaks How much will repair cost Strong warranties, though not being a part of EV features list, are still something new owners should pay attention to, since it provides peace of mind and protect your investment. This is especially important in India, where EV repair infrastructure is still developing. A robust warranty ensures you are covered even if local garages cannot handle EV-specific issues.

VinFast offers industry-leading coverage. The VF 6 comes with 7-year/160,000 km vehicle warranty and 8-year unlimited battery coverage. The VF 7 steps up to 10-year/200,000 km vehicle warranty and 10-year unlimited battery protection. Few manufacturers match this confidence in their products.

Electric vehicle ownership brings excitement and learning opportunities. The technology keeps improving, costs keep dropping, and the driving experience often surprises people. VinFasts VF 6 and VF 7 are built to make this transition smoother, with smart technology and a support ecosystem designed for Indian conditions. Your first EV doesnt have to be intimidating when you have the right preparation and the right vehicle.

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible to everyone.

VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia.

Learn more at: vinfastauto.in.

Illumina Inc. (NASDAQ: ILMN), a global leader in sequencing technology, announced today that Illumina India has won the Top GCC Award at the 2025 GCC Workplace Awards, hosted by the Zyoin Group. The award recognizes Illumina India as the leading Global Capability Center (GCC) in the country for its world-class innovation, progressive workplace culture, inclusive practices, and strong people focus.

Illumina India Wins the Top GCC Award at the 2025 GCC Workplace Awards

“This is a proud milestone for all of us at Illumina. To be recognized with this award just a year into building our GCC in India is truly special. Right from day one, we focused on creating a place where people feel valued, supported, and part of something meaningful. Whether it’s through our contributions to the future of human health, shaping a strong and positive culture, or establishing policies that support our people – this recognition belongs to everyone who has been part of the journey,” said Ramesh Thamotharan, Director, Global Operations & Site Leader, Illumina India.

Now in its second edition, the GCC Workplace Awards has established itself as India’s largest GCC Workplace Leadership Summit & Awards – a platform that honors workplace excellence across Global Capability Centers in the country. As India continues to emerge as a global innovation powerhouse, this prestigious platform honors the trailblazing GCCs that are setting new standards in culture, capability, and collaboration.

“Being named a Top GCC among over 300 participants and nearly 700 nominations is a great honor for all of us at Illumina,” said Jeyandran Chandrasekaran, HR Site Lead, Illumina India. “This recognition highlights our culture where people come first, and every team member is empowered to grow and make an impact. We are proud that our values and workplace experience resonate not only within our teams but also across the larger industry ecosystem. This acknowledgment inspires us to continue creating an environment where people are excited to contribute and thrive.”

Illumina strengthened its presence in India by establishing a Global Capability Center and expanding its technology workforce to support its global customer base in 2024. Bengaluru joined other key locations, including Singapore, Cambridge (England), Eindhoven (Netherlands), Shanghai, Madison (Wisconsin), Hayward (California), and San Diego, as Illumina Global Capability Centers.

About Illumina

Illumina is improving human health by unlocking the power of the genome. Our focus on innovation has established us as a global leader in DNA sequencing and array-based technologies, serving customers in the research, clinical, and applied markets. Our products are used for applications in the life sciences, oncology, reproductive health, agriculture, and other emerging segments. To learn more, visit illumina.com and connect with us on X, Facebook, LinkedIn, Instagram, TikTok, and YouTube.

As authentic Indian stories continue to strike a chord with audiences across the globe, RU BA RU-a powerful short film from Rajasthan-is all set to make its international premiere at the Indian Film Festival Stuttgart 2025 in the prestigious “In Competition” section.

Anvita Gupta presents – Ru Ba Ru, a short film

Rooted in folk tradition and cinematic flourish, RUBARU is a bold, lyrical tale of two sisters-one a rudaali (professional mourner), the other a dancer-fighting to reclaim agency in a world shaped by caste, class, and gender inequality. Directed by Rajasthan- native Kapil Tanwar, the film marks his directorial debut, blending his cultural heritage with an unflinching exploration of the lived realities of Indian women.

Bringing together the vibrancy of Indian cinema-song, dance, emotion, and deep-rooted storytelling-the film made an unforgettable impression at its Rajasthan State premiere at JIFF 2025, receiving a standing ovation and a special jury award.

The film is produced by an all-women leadership team, led by AnvitaGupta under her banner SHADAMFilms, with AnitaGurnani as co-producer and PriyankaChopra serving as Executive Producer. Together, the team brings intergenerational vision, grassroots insight, and global appeal to the project.

Sharing her thoughts on the film, Anita Gurnani, Co-Producer, RU BA RU said, “To me, RU BA RU is not just a film, but a heartfelt project to amplify women’s narratives that often go unheard. Rooted in the lived experiences of Indian women, it is a step toward shattering global barriers through the power of authentic storytelling. We’re proud to see this story resonate across borders and honoured to bring it to an international stage.”

KapilTanwar, Director said, “RU BA RU is a story that comes from a place of deep personal reflection and cultural memory. As my first film as a director, it allowed me to explore the emotional textures and quiet strength of women whose stories often remain untold. To have it recognised and nominated for competition at the Indian Film Festival Stuttgart, Europe’s largest showcase of Indian cinema, is an incredible honour. It reaffirms my belief that honest, rooted storytelling has the power to travel far and connect deeply.”

“RU BA RU is more than just a film, it’s a quiet rebellion against how women are seen, silenced, and expected to survive with grace, no matter the weight they carry. While it’s rooted in the world of two sisters from rural Rajasthan, their struggles and inner lives echo across borders and social strata. Whether marginalized by caste, class, or the invisible expectations placed on women everywhere, their story holds a mirror up to all of us. After a decade of experience in the industry, as a first-time producer, I knew I wanted to back stories that are deeply Indian in soul, but universally felt. Through SHADAM FILMS, my hope is to put such honest, layered narratives on the global map and honour the voices we so often overlook. Because truth, when told with heart, always travels,” added Anvita Gupta, Producer, Ru Ba Ru.

Adding to its growing acclaim, RU BA RU recently won Best Short Film at the ImagineIndia Film Festival in Madrid. Esteemed author and jury member Mara Zaragoza Hidalgo-one of Spain’s most respected literary voices-praised the film for its honesty and universality, stating: “The story speaks to universal feelings, situations, and events from a concrete everyday perspective without resorting to any cheap tricks.” The Spanish premiere of the film is scheduled for September 2025.

As RU BA RU heads to IFF Stuttgart on July 27th, it becomes yet another milestone in the growing global celebration of Indian independent cinema. With its richly textured narrative, cultural specificity, and resonant themes, the film stands as a moving reminder that truly local stories often have the most universal impact.

Watch the trailer here – youtu.be/03uDEWot6yE

Further strengthening its position as one of India’s most dynamic university-led startup ecosystems, the Chitkara Innovation Incubator Foundation (CIIF), the entrepreneurship and incubation arm of Chitkara University, Punjab, has proudly announced having funded 101 startups to date. This milestone cements CIIF’s growing reputation as a key enabler in India’s thriving innovation landscape.

Chitkara Innovation Incubator Foundation (CIIF), the entrepreneurship and incubation arm of Chitkara University proudly announces having funded 101 startups

Since its inception in 2015, CIIF has worked hand-in-hand with entrepreneurs from across the country, not just providing funding, but delivering a comprehensive support ecosystem that includes deep mentoring, capacity building, accelerator programs, and strategic investor connections. Over the years, CIIF has actively engaged with 5,000+ startups, evaluated over 500 applications annually, mentored 200+ early-stage ventures, and built a robust network of 100+ industry mentors and investors.

Backed by leading institutions such as the Department of Science & Technology (DST), MeitY Startup Hub, Startup India, and Startup Punjab, CIIF’s efforts span key sectors from fintech and healthtech to agritech, cleantech, and edtech, with a sharp focus on building resilience, scale, and impact through every venture it supports.

“At CIIF, our focus has always been on enabling founders to turn bold ideas into scalable ventures with real-world impact. Reaching 101 funded startups is a proud reflection of this commitment,” said Dr. Madhu Chitkara, Pro-Chancellor, Chitkara University. “We will continue to foster innovation, nurture entrepreneurial talent, and help build businesses that drive meaningful change for India and beyond.“

The impact of CIIF’s holistic approach is evident through the inspiring journeys of several of its startups:
Take Studycaller, for instance, an edtech venture transforming how students access learning through its dynamic online platform. With Rs. 1 crore in funding from marquee investor Mr. Mahavir Pratap Sharma (TiE), Studycaller’s rapid growth is a direct outcome of CIIF’s focused interventions, ranging from one-on-one mentoring and strategic investor connects to industry collaborations that helped shape its breakthrough trajectory.

In the realm of deeptech, Aumsat exemplifies innovation meeting real-world challenges. Leveraging satellite technology and AI-powered analytics, Aumsat has addressed 2,600+ pipeline leaks and mapped 1.5 lakh km of infrastructure to solve critical issues in water management and agriculture. CIIF’s Rs. 50 lakh funding support, along with continuous guidance through prototyping and scale-up strategies, has been pivotal to Aumsat’s growth.

Similarly, Adiabatic is redefining sustainable energy solutions with its intelligent, high-performance lithium-ion battery packs, supported by a manufacturing facility capable of producing 5,000 units annually. From prototyping support to investor access and industry networking, CIIF has played an integral role in taking Adiabatic’s innovation from lab to market.

In the healthtech space, Svastek stands as a testament to CIIF’s impact in nurturing disruptive ideas. Its patented Respiratory NIV mask with a unique tube-insert design has attracted Rs. 2 crore funding from IAN Angel Fund and earned visibility through Shark Tank India. From product development mentoring to critical funding facilitation, CIIF’s involvement has been instrumental in helping Svastek transform their bold vision into tangible, life-changing solutions.

Through these success stories and many others, CIIF demonstrates its unwavering commitment to fostering a vibrant culture of entrepreneurship where startups are equipped with the necessary resources, networks, and mentorship to thrive and create meaningful, sustainable impact.

About CIIF, Chitkara University:
Chitkara Innovation Incubator Foundation (CIIF) is the dedicated startup incubation center at Chitkara University, Punjab, offering structured incubation, acceleration, mentorship, and funding opportunities to drive entrepreneurial growth within India’s vibrant startup ecosystem.

For more information, please visit: www.chitkara.edu.in/ciif/

• MMTC-PAMP’s set of 4 coins is a unique tribute to the four holiest pilgrimage sites of India, Badrinath, Dwarka, Puri, and Rameswaram

• Aesthetically created with the Finest Swiss Craftsmanship, each coin celebrates one of the Char Dham and its significance

• The colourful coins weigh 20 grams each and are made from 99.99%+ purest silver, making them ideal for collectors, gifting and spiritually inclined customers

Honouring the cultural and spiritual significance of the Char Dham Yatra, MMTC- PAMP, Indias only LBMA accredited Good Delivery Gold & Silver refiner and recognised as the purest precious metal brand in Asia and India, has launched a set of four (20 gram each) purest silver coins paying homage to Indias most revered pilgrimage destinations – Badrinath, Dwarka, Puri, and Rameswaram.

MMTC-PAMP Launches 99.99%+ Silver Char Dham 20gm Coin Series

Each 20-gram coin in this exclusive set is crafted from 99.99%+ purest silver, ensuring the highest purity standards while celebrating the architectural grandeur and spiritual significance of these four sacred sites. Additionally, each coin captures the unique mythological significance and distinct architectural essence of the respective pilgrimage site, making this collection a comprehensive tribute to Indias spiritual geography.

Speaking about the launch of the Char Dham collection, Mr Samit Guha, Interim CEO and CFTO of MMTC- PAMP, said, “Our Char Dham collection is a uniquely crafted tribute to the four holiest pilgrimage sites of India, spread across four corners – Badrinath in the north, Dwarka in the west, Puri in the east, and Rameswaram in the south. Each of the four coins in this set celebrates one of the Char Dhams, capturing the spiritual, cultural significance, architectural marvel, and the beautiful landscape. Each piece in this collection tells a centuries-old story of devotion, connecting contemporary collectors with Indias timeless spiritual heritage through the finest Swiss craftsmanship.”

Embodying centuries of devotion and mythology, the colour-embossed Char Dham collection is more than just precious metals. These coins represent the spiritual journey, or yugas, of India, encompassing the Char Dham across the country, as espoused by the 8th-century Vedic scholar and philosopher Shri Adi Shankaracharya.

MMTC-PAMP’s Char Dham Collection offers an exceptional value proposition for collectors who appreciate quality craftsmanship and purity. This collection is ideal for spiritual customers looking to celebrate the auspiciousness of these pilgrimage sites for religious occasions, festivals, and ceremonial celebrations. Furthermore, investors benefit from a precious metal investment that combines cultural and historical significance with Swiss-quality manufacturing, ensuring premium collectable status and potential appreciation due to limited availability and deep thematic relevance.

The Char Dham pilgrimage is considered a spiritual journey, cleansing the soul and deepening connection with the divine. The Char Dham collection by MMTC-PAMP is a tribute to this sentiment offering the purest silver with a commitment to showcase India’s deep rooted cultural, civilizational values and celebrating the test of endurance and faith through these coins.

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 own website, www.mmtcpamp.com/shop.

About MMTC-PAMP
A joint venture between Switzerland-based bullion refinery, PAMP SA, and MMTC Ltd., a Miniratna and Government of India Undertaking. MMTC-PAMP is the only LBMA-accredited gold & silver good delivery refiner in India and is accepted across global commodity exchanges and central banks. The company seamlessly marries Swiss excellence with Indian insights. MMTC-PAMP India Pvt. Ltd. is internationally recognized as an industry leader in bringing global standards of excellence to the Indian precious metals industry.

MMTC-PAMP has received several awards since its inception from local and global industry bodies for Refining, Brand and Sustainability. Notably, MMTC-PAMP is Indias First Precious Metals Company to have Science-based Emissions Reduction Targets Approved by SBTI. Recognized by the Asia and India Book of Records, MMTC-PAMP is acclaimed as the country’s only brand providing the purest gold and silver coins and bars with 99.99%+ purity levels and positive weight tolerance to consumers. Adding to its laurels, MMTC-PAMP was honoured as India’s Most Trusted Brand of the Nation at The Brand Story- Indian Brand and Leadership Conclave & Awards, 2024.

Today’s driven entrepreneurs and businesses can now enjoy greater rewards when securing quick business financing. Bajaj Finance has launched a limited-period ‘Loan Utsav‘ offer, providing cashback rewards and other benefits to eligible businesses. This offer provides business owners access to business loans up to Rs. 80 lakh along with exclusive rewards, including cashback up to Rs. 3,000 and exciting brand vouchers.

Bajaj Finserv Business Loan

The campaign is live from July 1, 2025, to July 31, 2025, and is available only through the Bajaj Finserv App. The rewards are limited to the first 200 successful loan disbursals for each of the two months.

What does the Loan Utsav offer for business owners
With this limited-period offer, applicants can apply for a business loan ranging from Rs. 2 lakh to 80 lakh and earn cashback up to Rs. 3,000 that will be credited directly to their Bajaj Pay Wallet. Also, based on the loan amount disbursed, they stand to get additional vouchers, as mentioned in the table below:

Eligibility criteria for applying for a business loan under Loan Utsav

To be eligible for these exclusive benefits, applicants must:

• Be among the first 200 to successfully get their business loan disbursed in July 2025

• Apply and get the loan disbursed through the Bajaj Finserv App

• Ensure the loan is not cancelled after disbursal

Why choose Bajaj Finserv Business Loan

Entrepreneurs and business owners require financial support that is simple and accessible. Bajaj Finserv Business Loan comes with benefits tailored to facilitate business growth without unnecessary hurdles:

• Loan amounts up to Rs. 80 lakh suitable for startups and expanding businesses.

• No collateral required, meaning no assets need to be pledged to get the required funds.

• Quick approval and disbursal, often within 48 hours*.

• Flexible repayment tenure between 12 and 96 months.

• Online application process, allowing business owners to apply anytime and anywhere.

This offer is designed to support a wide range of business needs, whether you are scaling operations, launching a new venture, or applying for a business loan for women. With loan amounts of up to Rs. 80 lakh, no collateral requirements, and an online application process, Bajaj Finance makes business financing fast and convenient. The Loan Utsav campaign adds further value by offering cashback rewards and brand vouchers on successful loan disbursals.

How to apply

Entrepreneurs interested in applying can follow these simple steps:

• Download the Bajaj Finserv App from the Google Play Store.

• Log in using your mobile number.

• On the home screen, tap the “Business Loan” icon.

• Click on the “Check Eligibility” button.

• Fill out the application form with your basic personal and professional details.

• Once completed, tap “Continue“.

• Enter your banking details as requested.

• Finally, submit your application for processing.

With Loan Utsav, Bajaj Finance makes it easier and more rewarding for entrepreneurs to access the capital they need. Check your business loan eligibility, apply today, and take a step forward in your entrepreneurial journey.

*Terms and conditions apply.

Bajaj Finance Limited
Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings.

To know more, visit www.bajajfinserv.in

L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFCs) in India has recorded consolidated Profit After Tax (PAT) of Rs. 701 Crore, up 10% Quarter-on-Quarter (QoQ) and 2% Year-on-Year (YoY) for the first quarter ended June 30, 2025. During the quarter, LTF achieved a milestone of highest-ever consolidated book of Rs. 1,02,314 Crore, up 15% YoY. The retail book size during the quarter reached Rs. 99,816 Crore, up 18% YoY. The Company has recorded quarterly retail disbursement of Rs. 17,522 Crore for the first quarter ended June 30, 2025, up 18% YoY. Retailisation stood at 98% for the quarter ended June 30, 2025, exceeding Lakshya 2026 target.

Highlights of L&T Finance Ltd.s financial performance for the quarter ended June 30, 2025

Debut Investment Grade Credit Rating has been assigned to LTF by international rating agencies (S&P Global Ratings and Fitch Ratings). S&P Global Ratings has assigned LTF “BBB-” long-term and “A-3” short-term issuer credit rating. The outlook on the long-term rating is Positive. Fitch Ratings has assigned LTF long-term foreign and local currency Issuer Default Ratings (IDR) of “BBB-” with a Stable outlook. These long-term ratings are investment grade and are at par with India’s Sovereign Credit Rating. This will enable the Company to tap global capital markets, further diversify its liability franchise, and deepen investor base.

‘Project Cyclops’, in-house developed proprietary credit underwriting engine by LTF, has been rolled-out for SME Finance and its advanced version is implemented in Two-wheeler Finance.

The Company’s customer-facing PLANET app, which has emerged as a powerful digital channel for customers, crossed more than 1.86 Crore downloads as on date, comprising more than 16.7 Lakh downloads on the rural side. As of date, this channel has done collections of over Rs. 4,800 Crore while servicing around 7.85 Crore requests and has sourced loans of over Rs. 15,500 Crore. The Company has launched a revamped customer-centric website and the next-generation PLANET 3.0.

Commenting on the financial results, Mr. Sudipta Roy, Managing Director & CEO, LTF said, “In a challenging quarter, our Company remained focused on outcomes and achieved a resilient performance while showcasing our ability to manage market headwinds. This performance is on the back of our commitment to sourcing creditworthy customers backed by technology and robust credit guardrails, while keeping a strong focus on collection efficiency across businesses. Our impetus remains on risk calibrated business growth with a sharp focus on a strong asset quality, laying the foundation for a sustainable and predictable growth going forward.

In the quarter, we achieved the highest-ever consolidated book of over Rs. 1 Lakh Crore milestone and added a secured high yield product to our loan portfolio i.e., Gold Loan. Our company has been assigned a debut investment grade credit rating of “BBB-/Positive” by S&P Global Ratings and “BBB-/Stable” by Fitch Ratings. This rating will serve as a foundation for further diversifying our liability franchise by accessing financing opportunities across the global capital markets. Our AI-driven next-gen digital credit engine, ‘Project Cyclops’ is starting to yield early dividends in our Two-wheeler finance business, and during the quarter, ‘Project Cyclops’ was scaled up in Farm business and launched in the SME finance business. We remain focused on continuously strengthening our risk and credit frameworks, which will serve us well in times to come.”

Key Highlights:

Robust Retail Franchise:

The Company’s granular and deep pan-India Retail franchise is led by its strong distribution capabilities namely, its geographic presence in around 2 Lakh villages from around 2,089 rural meeting centers/branches and 407 branches across urban centers. This extensive geographic presence is also supported by over 13,000 distribution points built over a decade. The Company also leverages over 2.6 Crore of its customer database to drive a credible cross-sell and up-sell franchise contributing 35% of the Company’s repeat disbursements share in value and 49% in count during Q1FY26.

Building a diversified retail franchise:

Rural Business Finance

Q1FY26 disbursements at Rs. 5,618 Crore vs. Rs. 5,773 Crore, down 3% YoY. Book size at Rs. 26,616 Crore vs. Rs. 25,887 Crore, up 3% YoY.

Farmer Finance

Q1FY26 disbursements at Rs. 2,200 Crore vs. Rs. 1,903 Crore, up 16% YoY. Book size at Rs. 15,756 Crore vs. Rs. 14,204 Crore, up 11% YoY

Two-wheeler Finance

Q1FY26 disbursements at Rs. 2,128 Crore vs. Rs. 2,621 Crore, down 19% YoY. Book size at Rs. 12,331 Crore vs. Rs. 12,025 Crore, up 3% YoY

Personal Loans

Q1FY26 disbursements at Rs. 1,942 Crore vs. Rs. 1,178 Crore, up 65% YoY. Book size at Rs. 9,383 Crore vs. Rs. 6,667 Crore, up 41% YoY

Housing Loans and Loans Against Property

Q1FY26 disbursements at Rs. 2,780 Crore vs. Rs. 2,245 Crore, up 24% YoY. Book size at Rs. 26,464 Crore vs. Rs. 19,961 Crore, up 33% YoY

SME Finance

Q1FY26 disbursements at Rs. 1,273 Crore vs. Rs. 978 Crore, up 30% YoY. Book size at Rs. 6,964 Crore vs. Rs. 4,471 Crore, up 56% YoY

During the quarter, LTF launched a Business Loan campaign with the tagline, ‘Aapke Business Ka Game Changer’ featuring Indian cricketer Jasprit Bumrah. The campaign highlighted how the Business Loan is offered through a digital application process for quick and efficient funding, it has a rapid disbursal providing timely capital, and an app-based withdrawal facility offering flexible cash flow management.

About L&T Finance Ltd. (LTF)

L&T Finance Ltd. (LTF) (www.LTFINANCE.com)), formerly known as L&T Finance Holdings Ltd., (LTFH) is a leading Non-Banking Financial Company (NBFC), offering a range of financial products and services. Headquartered in Mumbai, the Company has been rated ‘AAA’ – the highest credit rating for NBFCs – by four leading rating agencies. It has also received leadership scores and ratings by global and national Environmental, Social, and Governance (ESG) rating providers for its sustainability performance. The Company has been certified as a Great Place To Work and has also won many prestigious awards for its flagship CSR project – “Digital Sakhi”- which focuses on womens empowerment and digital and financial inclusion. Under Right to Win, being in the ‘right businesses’ has helped the Company become one of the leading financiers in key Retail products. The Company is focused on creating a top-class, digitally enabled, Retail finance company as part of the Lakshya 2026 plan. The goal is to move the emphasis from product focus to customer focus and establish a robust Retail portfolio with quality assets, thus creating a Fintech@Scale while keeping ESG at the core. Fintech@Scale is one of the pillars of the Company’s strategic roadmap – Lakshya 2026. The Company has over 2.6 Crore customer database, which is being leveraged to cross-sell, up-sell, and identify new customers.

Facebook: https://www.facebook.com/LnTFS

LinkedIn: https://www.linkedin.com/company/lntfinance/
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A wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) has entered into definitive agreements to invest USD 200 million for a ~3% stake in Micro Life Sciences Private Limited (“Meril“), one of India’s leading medical devices companies. This investment values Meril at an enterprise value of USD 6.6 billion. The transaction is subject to regulatory approval by the Competition Commission of India (CCI). Post this investment, Meril will be backed by two globally recognized investors, ADIA and Warburg Pincus.

ADIA to invest USD 200 million in Meril, valuing the Indian medical devices company at an enterprise value of USD 6.6 billion

Founded by the Bilakhia Group, Meril is a global innovator in medical technology (MedTech), with a strong focus on clinically advanced solutions across multiple specialties – including Cardiovascular, Structural Heart, Orthopaedics, Endo-surgery, In-vitro Diagnostics and Surgical Robotics.

Headquartered in Vapi, India, Meril operates state-of-the-art, vertically integrated, and globally certified manufacturing and R&D facilities, across a 100 acre sustainable MedTech campus. The company employs more than 13,000 people, has 35+ global subsidiaries, and serves healthcare systems in 150+ countries. Meril is committed to becoming the world’s leading MedTech company, powered 100% by green energy, reinforcing its commitment to sustainable innovation.

With a robust in-house global R&D ecosystem and a portfolio of 200+ technology platforms, Meril continues to lead in global clinical research and education. Breakthrough innovations such as the Myval Transcatheter Heart Valve (THV) series, MyClip Transcatheter Edge-to-Edge Repair (TEER) system, and the MISSO Surgical Robotic System highlight Meril’s dedication to next-generation innovation. Through its 12+ global training academies, Meril empowers over 10,000 healthcare professionals annually.

Sanjeev Bhatt, Senior Vice President – Strategy, Meril said: “This investment by ADIA reinforces confidence in Meril’s long term vision and global ambitions. This investment will enable us to accelerate growth, attract world-class talent, and further strengthen our RCD and clinical research efforts as we work towards improving the quality of human life through advanced healthcare solutions.”

About Meril

Meril is a global medical technology company headquartered in Vapi, India. With a strong emphasis on innovation, Meril develops clinically meaningful products aimed at enhancing patient outcomes across cardiovascular, orthopaedic, diagnostic, Endo- Surgery and robotic surgery domains. Founded by the Bilakhia Group, the company is committed to sustainability, quality, and global impact.

For more information: www.merillife.com.

About Abu Dhabi Investment Authority (ADIA)

Established in 1976, the Abu Dhabi Investment Authority (“ADIA”) is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.

For more information: www.adia.ae.