IBES II Data Collection Launches in 2025

Dr. Alhassan Iddrisu (M), along with officials, attended the 2025 IBES II Data Collection launch

The Ghana Statistical Service (GSS) has formally concluded the training session for field officers and initiated the 2025 Integrated Business Establishment Survey (IBES II) data collection process, which is a detailed survey designed to gather information from more than 44,000 businesses nationwide.

The survey plays a vital role in national planning, assessing and updating the Gross Domestic Product (GDP), and gaining insight into production and business trends.

Data gathering started on July 10, 2025, and will keep going until all the establishments in the sample have been contacted. The final data is anticipated to be accessible by December 2025.

Speaking at the event, the Government Statistician of Ghana, GSS, Dr. Alhassan Iddrisu, highlighted that the survey is the 5^thunparalleled in the nation's history, following earlier iterations held in 1962, 1987, 2003, and 2015.

He mentioned that roughly 2,600 field officers have received training to gather information, which will contribute to national planning and decision-making processes.

He stated that the data gathered will contribute to creating improved business conditions and more effective policies, thereby assisting businesses and the country.

He emphasized that the survey goes beyond merely gathering information; it is about influencing how Ghana perceives itself and guiding choices throughout the development process.

"The information will act as a strong resource for companies, government officials, and interested parties to support well-considered choices," he stated.

Action Request for Field Officers

Dr. Iddrisu called on the field staff during the IBES II Data collection launch to maintain the highest levels of honesty, hard work, and professionalism throughout the data gathering process, by ensuring the accuracy and dependability of the data collected, safeguarding confidentiality and data security, showing respect and politeness to participants, and following ethical guidelines and procedures.

Additionally, he highlighted that the effectiveness of the survey is contingent upon the officers' discipline, meticulousness, and ethical conduct. Field personnel are required to maintain a sense of professionalism, adhere to their training, and uphold their commitment to confidentiality.

Additionally, Dr. Alhassan Iddrisu has urged the business community to work alongside field officers and supply the required information to ensure the survey's success, noting that, "the survey's success relies on the involvement and support of all parties concerned, including companies and individuals."

Media Support

Dr. Iddrisu, representing the Ghana Statistical Service, called on the media to take a vital part in backing the 2025 Integrated Business Establishment Survey (IBES II) by sharing the narrative, promoting awareness that data gathering is a valuable investment, clarifying the procedure, addressing false information, and maintaining public attention on the initiative.

He believes the media plays a crucial role in the development process, and their backing will be vital for the survey's success.

"Through collaboration, the GSS and the media can assist in highlighting the significance of data gathering and its function in guiding choices and fostering growth in Ghana," the Statistician stated.

Head of the Directorate for Business, Trade, and Industry, Dr. Owusu Kagya, provided an overview and summary of the main Guidance for IBES II Data Collection.

As per his statement, data quality monitors will be essential in verifying data, monitoring advancements, and enhancing precision and thoroughness. "IT personnel will be tasked with implementing data protection protocols, ensuring appropriate encryption, and conducting routine backups to protect the gathered information," he mentioned.

"Teams are required to achieve daily goals, consistently update progress charts, and inform immediately of any delays," he added.

The leader, therefore, urged all officers to pledge themselves to excellence and provide a survey that adheres to the most rigorous levels of precision and expertise, offering essential information for the country's growth.

By Janet Odei Amponsah

The post 2025 IBES II Data Gathering in Progress appeared first on DailyGuide Network.

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Prashant Pitti Honored with 2025 IDMA Person of the Year Award

New Delhi [India], July 18 (ANI): Co-founder of EaseMyTripPrashant Pitti was honoured with the IDMA'Person of the Year 2025' honors announced on Friday.

Pitti's journey toward achievement has been defined by resilience and resolve. As a business owner, he has encountered many obstacles, including countless sleepless nights spent searching for answers to difficult issues.

His path serves as evidence that attaining success as an entrepreneur usually requires time, commitment, and effort. For Pitti, it took nearly double the time compared to most entrepreneurs to reach his objectives.

"IDMAPerson of the Year 2025. This honor holds a special place for me. My goal has always been to be a good person, not just a successful businessperson. This recognition is dedicated to all those long, difficult nights when I felt lost, uncertain, afraid, and worked hard without seeing results or facing failure. For most people, becoming an entrepreneur takes a decade, but it took me almost double that time. Also, keep an eye on this space, as there are many updates coming regarding the next steps to enhance traffic in Bangalore," he shared on X.

https://x.com/ppitti/status/1946159022417281131

Apart from his career achievements, Pitti has also been involved in an initiative aimed at enhancing traffic situations in Bengaluru. Displeased with the city's well-known traffic jams, Pitti committed ₹1 crore to create an AI-based traffic control system utilizing Google Maps information and satellite images.

In a comprehensive update on X, Pitti mentioned that he was trapped in traffic for more than two hours while only managing to cover 11 km late at night in Bengaluru. He noted that the most challenging part was being stuck at a bottleneck on the Outer Ring Road (ORR) for 100 minutes, with no traffic signal or police presence around.

Nevertheless, he made it evident that he isn't looking to just voice complaints regarding the problem. "But I don't want another 'Bengaluru Traffic Meme or Complaint'. I WANT TO SOLVE IT," he stated.

Pitti mentioned that his project will leverage data from Google Maps, particularly the recently introduced "Road Management Insight" feature that debuted in April 2025. This city-specific data, accessible in Big Query format, can be combined with satellite images to detect all traffic bottlenecks and their associated timings throughout Bengaluru.

This effort seeks to detect and address traffic bottlenecks, decreasing congestion and improving the ease of daily commutes for residents.

The initiative will make use of Google Maps' "Road Management Insight" tool to collect and examine traffic information across the city. By integrating this data with satellite images.

The artificial intelligence system will detect areas of traffic congestion, examine time-related trends, and provide suggestions.

Pitti mentioned that he is prepared to begin his work once the Bengaluru Traffic Police (BTP) and Bruhat Bengaluru Mahanagara Palike (BBMP) provide access to raw data feeds or APIs and assign a dedicated team to implement the findings.

He encouraged people to assist by saying, "TAG someone you know in the Bangalore Traffic Office, BBMP, or the Traffic Commissioner's office, so this reaches the correct inbox."

Pitti's effort goes beyond addressing Bengaluru's traffic issues, aiming to develop a model that can be applied in other Indian cities. His dedication to leveraging technology for beneficial transformation serves as a motivating example for business leaders and residents alike. (ANI)

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MRUnavigator: India's First Real-Time Market Research Platform for Startups

VMPL

New Delhi [India], July 18: In a significant development poised to transform the startup scene in India and around the world, Market Research Universe (MRU) is pleased to unveil MRUnavigator — India's pioneering real-time market research platform designed for startup idea generation, business planning, creating pitch decks, developing Go-To-Market (GTM) strategies, and launching products, providing an integrated ecosystem.

MRUnavigator empowers startup founders, corporate CXOs, investors, academic researchers, management students, and anyone aiming to develop data-informed, market-aligned ventures and establish thriving, forward-looking enterprises.

Tackling a Major Challenge Faced by Startups in India and Around the World

More than 90% of new businesses collapse — not because of insufficient drive, but because of inadequate alignment with market needs, insufficient planning, and late go-to-market strategies (source: IBM-Oxford Study). Entrepreneurs frequently depend on guesses instead of factual information, leading to severe financial and emotional impacts.

To address the issue, Mirdul Amin Sarkar, India's leading market research expert, advisor, and founder of Market Research Universe (MRU), developed MRUnavigator — a real-time market research platform that provides a comprehensive system for launching data-driven, market-aligned businesses.

Made in India with pride, designed for global use, MRUnavigator provides startup founders and strategists worldwide with the ability to access real-time insights, execution tools, and create investor-ready pitch decks and documentation — all through one unified platform.

Explore MRUnavigator: [ https://www.marketresearchuniverse.com/ ]

MRUnavigator at a Glance

MRUnavigator goes beyond being just a SaaS solution — it serves as a digital strategy control hub, making it easier to test, plan, and launch concepts.

Key Features

* Over 5,000 selected startup concepts and 10,000+ business areas spanning more than 15 rapidly expanding industries

* Live Market Research Dashboard featuring trend monitoring, supply chain visualization, potential opportunity identification, and customer insights

* Business Planning Guide including TAM/SAM/SOM analysis, income prediction, and competitor environment evaluation

* Pitch Deck Creator tailored for Seed, Series A, Venture Capital, grants, and CSR-focused funding structures

* GTM Planning Suite for creating buyer personas, pricing approaches, launch plans, and channel strategies

* Financial Modeling Tools such as P&L forecasts, ROI calculators, and break-even analysis tools

* Unified Learning System: Links with Market Research Academy (MRA) and MRU Academy to offer fellowships, seminars, and guidance opportunities in market research and business development

Solo entrepreneurs in India and startup initiatives backed by accelerators across the Middle East, Europe, and the Americas can all benefit from MRUnavigator, which is scalable, user-friendly, and applicable worldwide.

Produced in India, Designed for Global Markets

Created by Mirdul Amin Sarkar, MRUnavigator is an indigenous solution addressing a worldwide challenge: Why do so many startups fail?

The offender: inadequate market testing, scattered tools, and late implementation. MRUnavigator addresses this by integrating:

* Up-to-the-minute market analysis and trend monitoring

* Strategic business planning and financial forecasting

* GTM execution tools

* Creating a pitch deck that appeals to investors

"We created MRUnavigator to enable any entrepreneur, decision-maker, or planner to transition from an idea to a thoroughly tested, well-structured, and investment-ready business — without depending on scattered tools or costly advisors," says Mirdul Amin Sarkar, Founder of Market Research Universe (MRU).

Global Issue, Indian Solution: Top Market Research Firm for Startups and SMEs

Although India has become the third-largest startup environment globally, the problem of obtaining quick, cost-effective, and useful insights continues to be a worldwide concern. Conventional market research approaches are frequently:

* The Market Research Universe (MRU), via its innovative MRUnavigator platform, is transforming this sector with a real-time, interactive digital approach that reduces expenses, speeds up processes, and improves strategic precision.

We're not merely providing a product — we're establishing a new category," states Mirdul Amin Sarkar. "This is a platform for business ideas, market research, and go-to-market execution — available to anyone who has a vision.

Who Is MRUnavigator For?

MRUnavigator caters to a broad and forward-thinking audience aiming to create data-driven, expandable businesses:

* Entrepreneurs and Startup Founders: Seeking business concepts with market validation, assistance with strategic planning, and development of presentation decks;

* Executive Leaders and Product Managers: Investigating emerging markets, innovative business strategies, and development plans;

* Venture Capitalists and Angel Investors: Monitoring major trends and identifying promising startups with significant return prospects;

* Scholars, MBA learners, and policy analysts: Involved in innovation, strategic studies, and the development of market-oriented policies;

* Incubators, Accelerators, and Government Bodies: Facilitating entrepreneurial environments and economic growth programs;

* Ambitious Entrepreneurs: Looking for the appropriate tools and knowledge to start a business that meets market needs with assurance.

Offering a cloud-powered SaaS approach, MRUnavigator is not restricted by location, designed to support users throughout India, Southeast Asia, Africa, the Middle East, Europe, and the Americas — wherever innovative concepts emerge.

Contact us

Whether you're a first-time entrepreneur, a corporate innovator, or an impact investor — MRUnavigator serves as your one reliable resource for effective startup development.

Website:www.marketresearchuniverse.com

Business WhatsApp / Contact: +91-9811025630

Email: [email protected]

Subscribe to: YouTube Channel - @Market Research Universe (MRU)

Follow: LinkedIn - @Market Research Universe (MRU)

Our Outlook for Tomorrow

The Market Research Universe (MRU) aims for MRUnavigator to become the leading market research platform globally, serving both entrepreneurs and organizations by offering instant market research, concept testing, strategic development, and effective business launches.

(ADVERTORIAL DISCLAIMER: The above press release has been provided byVMPL. ANI will not be held responsible in any manner for the content thereof)

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Bajaj Finance Unveils 'Loan Utsav' for Doctors with Up to Rs. 5,000 Cashback

NewsVoir

Pune (Maharashtra), India, July 18: Bajaj Finance has introduced a time-bound promotion for healthcare workers as part of its continuous 'Loan Utsav' initiative. This deal aims to assist physicians in addressing their financial requirements related to their profession—such as enhancing diagnostic equipment, growing a practice, or handling daily administrative tasks.

The initiative offers healthcare workers the opportunity to access adoctor loanA cashback of up to Rs. 5,000 is available for a loan amount of up to Rs. 80 lakh during the offer period. This benefit gets added to the user's Bajaj Pay Wallet once the loan is successfully disbursed.

The promotion is valid between July 1 and July 31, 2025, and is available to the first 50 doctors who finish their application and loan process via the Bajaj Finserv App or website and set up a Bajaj Pay Wallet within the campaign timeframe.

Key features and qualification requirements

During this short-term 'Loan Utsav' initiative, healthcare practitioners can not only obtain the financial support required to enhance their current practice, but also gain extra financial incentives.

Here are the main points of this initiative that will assist physicians in gaining a clearer insight into what the offer includes and how they can take advantage of it:

* Loan amount: Medical professionals can access business loans of up to Rs. 80 lakh

* Cashbackbenefit: Up to Rs. 5,000 added to the Bajaj Pay Wallet once the loan is successfully disbursed

* Promotion duration: From July 1 to July 31, 2025, or until the first 50 loans are successfully issued

* Eligibility: Accessible to physicians who apply via the Bajaj Finserv App or website throughout the promotion period

* First-come, first-servedOnly the initial 50 loans that have been issued are eligible for the cashback.

Cashback reward structure

Here's the amount of cashback a healthcare professional can receive following successful loan disbursement during the 'Loan Utsav' initiative:

CashbackThe customer's Bajaj Pay Wallet is credited after the loan is successfully disbursed. If a customer does not have an active Bajaj Pay Wallet, rewards will be provided in the form of Bajaj Coins, which can be redeemed through the Bajaj Finserv App.

How to access the offer

These are the procedures to be adhered to in order to claim the promotion:

* Access the Bajaj Finserv app or website, go to 'Doctor Loan', and select 'Check'Eligibility' button

* Complete the application form by providing essential information such as full name, PAN, date of birth, and medical registration certificate.

* Once you have filled in all the necessary details, select 'Continue' to proceed to the loan options page.

* Define the loan amount required and select among our three physician loan choices: Term Loan, Flexi Term Loan, or Flexi Hybrid Term Loan.

* Choose your desired loan term, which can be between 12 and 96 months, and then click 'Continue'.

* Finish the banking procedure and submit the physician loan application.

What makes Bajaj Finserv Doctor Loan a good choice?

Bajaj Finserv Doctor Loan offers a range of benefits that make it a great option. Below are some important advantages of choosing this loan:

1. Large loan amount: Doctors and healthcare professionals can access a loan of up to Rs. 80 lakh, which can be utilized for significant purchases of medical devices, expansion of clinics, or covering day-to-day expenses.

2. Variable loan term: The repayment period varies between 12 months and 96 months, allowing it to match the borrower's financial circumstances.

3. Attractive interest rates: The loan offers cost-effectivedoctor loan interest rates, which makes it affordable and simple to pay back.

4. Fast release of funds: Through minimal documentation and straightforward procedures, the loan is typically released within 48 hours*, allowing medical practitioners to obtain financial support promptly.

5. No security required: This loan designed for medical professionals is unsecured, so there's no necessity to offer any collateral to access it.

Under the Loan Utsav promotional offer, medical professionals can now access premium financial solutions along with extra benefits. Apply for the Bajaj Finserv Doctor Loan today to get funding as high as Rs. 80 lakh and receive a cashback of up to Rs. 5,000.

*Terms and conditions apply.

Bajaj Finance Ltd. ('BFL', 'Bajaj Finance', or 'the Company'), a division of Bajaj Finserv Ltd., is a deposit-taking Non-Banking Financial Company (NBFC-D) that is registered with the Reserve Bank of India (RBI) and categorized as an NBFC-Investment and Credit Company (NBFC-ICC). BFL operates in the lending and deposit acceptance sectors. It maintains a varied lending portfolio covering retail, small and medium enterprises (SMEs), and commercial clients, with a strong presence in both urban and rural areas of India. The company accepts public and corporate deposits and provides a wide range of financial services to its customers. As a business that has been around for thirty-five years, BFL has emerged as a major player in India's NBFC industry, boasting a total customer base of 69.14 million on a consolidated level. BFL holds the top domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its fixed deposit program. Additionally, it has a long-term issuer credit rating of BB+/Positive and a short-term rating of B from S&P Global ratings.

To know more, visit www.bajajfinserv.in

(ADVERTORIAL DISCLAIMER: The aforementioned press release has been submitted byNewsVoir. ANI will not be held responsible in any manner for the content thereof)

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Bong County Launches Fiscal Decentralization Training with MFDP and Partners

The Ministry of Finance and Development Planning (MFDP), with assistance from global partners, has officially initiated a three-day Fiscal Decentralization and Financial Management Training in Gbarnga, Bong County.

Gbarnga, Bong County, July 17, 2025: The event, themed "Empowerment of Local Government Officials Through Financial Management and Budget Disaggregation," has gathered more than 60 local government representatives from Bong, Nimba, Grand Bassa, and Margibi Counties. The session is a component of continuous national initiatives aimed at enhancing local capabilities for accountable governance and improved public service delivery.

The program emphasizes key domains such as Budget Breakdown, Budget Implementation and Documentation, Revenue Distribution Laws and Rules, and Application of the Local Government Act

These elements are crucial for improving how municipal authorities design, distribute, utilize, and disclose public finances. As Liberia moves towards a more decentralized administrative structure, these competencies will be important in maintaining openness, responsibility, and public confidence.

Mr. Anthony G. Myers, the Deputy Minister of Fiscal Affairs, gave the official opening speech, underlining the significance of the initiative in boosting local financial independence. He stressed that enabling counties with effective fiscal management is essential for long-term development.

"By enhancing the financial management skills of our local officials, we are laying the groundwork for more efficient and effective governance. Counties need to be capable of planning, implementing, and reporting on their budgets on their own while still adhering to national objectives," Myers said.

He also encouraged attendees to treat the training with due seriousness, emphasizing that the effectiveness of Liberia's decentralization strategy largely relies on the preparedness and expertise of local stakeholders.

Additionally, Prof. Alaric Tokpah, Acting Chairman of the Governance Commission, addressed the event, commending the MFDP and its collaborators for their prompt action. He emphasized once more that decentralization is not just an option in policy but a constitutional requirement that facilitates public involvement in decision-making and the distribution of resources.

"It is essential to keep fostering cooperation between national and local government bodies. Without teamwork and mutual accountability, the vision of successful decentralization will stay out of reach," emphasized Prof. Tokpah.

Officials from major development partners such as the European Union (EU), Swedish International Development Cooperation Agency (SIDA), United Nations Development Programme (UNDP), and United States Agency for International Development (USAID) also participated in the meeting. Each organization emphasized their firm dedication to Liberia's decentralization and governance transformation initiatives.

Robust, responsible, and effective local governments are crucial for Liberia's sustained development objectives," said a representative from one of the partners. "We are honored to be involved in this program aimed at strengthening capabilities, enabling local leaders to assist their communities more effectively.

Offering a detailed summary of the training, Dr. Rome D.N. Gbartea, Director of Fiscal Decentralization at MFDP, stated that the sessions are practical and focused on finding solutions. He mentioned that the objective is to enable participants to implement the tools and knowledge directly within their respective counties.

"This is more than just academic information. We offer practical tools and hands-on skills that attendees can use right away and bring back with them. Our aim is to minimize waste, increase responsibility, and boost the efficiency of services at the community level," Dr. Gbartea highlighted.

Modules are designed to tackle typical issues encountered by county officials, including insufficient knowledge of national financial frameworks, late allocation of funds, and inadequate reporting mechanisms.

Individuals from all four countries received the training positively, considering it both relevant and impactful. They highlighted that the sessions tackle critical issues related to financial planning, implementation, and adherence to regulations.

One participant from Grand Bassa County stated, 'This training will assist us in gaining a clearer understanding of how to handle and report on our budgets, as well as how to interact with citizens in a more open and accountable manner.'

Some highlighted the need to expand this training across the country to maintain consistent capabilities in every local government.

The program is a component of the government's larger initiatives to enforce the Local Government Act of 2018, which requires the progressive shift of power, control, and financial duties from the national administration to local authorities. Although some advancements have been achieved, complete execution of the Act is still in development, facing obstacles due to insufficient capabilities and operational difficulties.

This effort seeks to bridge those gaps by offering hands-on resources and recommendations for local officials. Attendees are encouraged to create action strategies that match their specific county requirements, detailing how to implement the acquired knowledge in practical situations.

The introduction of this Fiscal Decentralization and Financial Management Training represents another significant step in Liberia's path toward establishing a more responsive and inclusive governance structure. With ongoing assistance from development partners and firm political dedication from the central government, the chances for local development, service provision, and democratic involvement are steadily increasing.

As the workshop continues, participants stay optimistic that the training will result in better-informed, responsible, and stronger local government bodies, which are essential for national stability and long-term development. -Edited by Othello B. Garblah.

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Peppa Pig Toy Boss Loses Home After Threatening Boss with a Pen

A former senior executive from Peppa Pig toys faces the possibility of losing his house following his dismissal for threatening his manager with a pen and spending almost £300,000 on unsuccessful legal battles.

Mark Dowding, the chief financial officer and company secretary of Character Group PLC, known for producing Peppa Pig soft toys, was dismissed from his £160k annual position in September 2017.

The leadership group reportedly lost faith in Mr. Dowding following his appearance in an employment tribunal, where he was alleged to have "waved" a pen at his superior in a "threatening" way during a "passionate" discussion in August 2017.

Mr. Dowding later stated that he was unjustly let go due to false accusations, asserting that he 'had faced several instances of retaliation'.

But even though he lost his case in 2020, tThe financial officer continued to struggle, involving five years of appeals and disputes, as well as initiating a High Court case - resulting in significant legal expenses.

Mr. Dowding still has one outstanding legal claim regarding his treatment by the company, but he has been informed that it will be dismissed unless he pays the £288,000 he owes from earlier disputes.

Placing the order, High Court judge Richard Spearman KC stated that Mr. Dowding now risks losing the pension fund, which is his sole source of regular income, "and possibly also his home, to cover those costs orders."

In his decision, he stated: 'Sophocles wrote...'It is a painful experience to witness your own hardship and realize that you alone, and no one else, have caused it'. In my opinion, this is the situation in which the claimant, Mr. Dowding, currently resides.

Hired by The Character Group from August 2012 until September 2017, at the moment Mr Dowding was let go, he was serving as group finance director with a base salary of £110,000 along with an extra 50 per cent bonus.

Describing the pen incident that took place during a work-related meeting between Mr. Dowding and his superior, Mr. Shah, Judge Khalil stated: "Their conversation turned intense and voices were elevated. The claimant admitted under oath that he spoke loudly first."

Mr. Shah further claimed that the claimant directed a pen at him, prompting Mr. Shah to step back. This was mentioned in his email, sent on the same day as the incident.

In that email, Mr Shah commented on the incident, 'Your conduct was inappropriate and unprofessional. You spoke to me in a threatening way and pointed a pen at my face while moving your chair forward toward me. I had to move my chair back to avoid any harm to my face.'

Although Mr Dowding asserted that the pen threat was made up, Judge Khalil stated: 'The tribunal finds that the incident described by Mr Shah did take place, which involved the claimant pointing at him and waving a pen in a threatening way.'

He concluded that this dismissal fell within the range of reasonable responses, both in terms of procedure and substance.

A ruling was issued last December to ensure the current court charges related to Mr. Dowding's £850,000 residence on Rotherhithe Street in south London.

The matter was brought before Judge Spearman regarding Mr. Dowding's request to explain the details of his claim, while TCG Toys sought an order to dismiss his case entirely if he fails to settle the debt he already owes.

In a ruling issued this week, the judge issued directives to terminate various aspects of Mr. Dowding's case, including his attempt to sue his former employer individually as a defendant in addition to the company.

Even though the rest of the case can proceed, the judge issued an order that it be dismissed unless he settles the £288,000 he still owes.

Clarifying that Mr. Dowding "now risks losing" both his individual pension fund and his residence, Judge Spearman characterized Mr. Dowding as being "in a highly distressing situation."

He stated: "Given the information he has revealed, he cannot afford to cover these financial obligations: either his house could be seized or his pension could be taken - potentially, if circumstances continue as they have, both."

That stems from initiating and continuing costly legal action that has proven ineffective, leading to the cost orders.

If Mr. Dowding settles his debt, the remaining case will be brought back to court at a future time.

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Rwanda Secures Rwf430 Billion to Expand Energy Access

Rwanda's initiatives to enhance electricity infrastructure and access to clean energy have gained a fresh momentum, with €260.76 million (approximately Rwf435 billion) allocated for a related project—the Rwanda Energy Sector Result-Based Financing (RBF II) program, as stated in a July 17 release by the African Development Bank (AfDB) Group. The funding comprises €173.84 million (approximately Rwf290 billion) approved by the AfDB Group on July 14, along with an additional €86.92 million (approximately Rwf145 billion) from the Asian Infrastructure Investment Bank. ALSO READ: Rwanda needs $1.5bn to achieve universal energy access by 2029 The AfDB mentioned that the program funds will be used to expand electricity access—both grid-connected and off-grid—modernize electricity infrastructure, promote clean cooking technologies, and strengthen institutional capacity. Regarding the anticipated impact, it mentioned that it will connect 200,000 households and 850 productive use customers to the national grid, add 50,000 new electricity connections through off-grid solutions, provide clean cooking devices to 100,000 households and 310 public institutions, and install street lighting on 200 kilometers of roads in secondary cities across Rwanda. ALSO READ: Kwibohora 31: Rwanda’s electricity access rose from 1% to 83.2% in three decades The AfDB noted that the RBF II program is based on Rwanda’s Energy Sector Strategic Plan (ESSP II 2024–2029) and aims to improve residents' quality of life, drive economic growth, and reduce poverty through targeted investments in the energy sector. It said that the Board approval marks the African Development Bank’s second result-based energy sector operation in Rwanda, following a program funded at $305 million (approximately Rwf438 billion at current exchange rates) approved in September 2018. This indicates Rwanda's preference for a performance-based financing approach in closing power infrastructure gaps, the AfDB observed. The RBF II program, the AfDB pointed out, is a key deliverable under the Bank’s High-5 priority areas of “Light up and Power Africa” and “Improve the Quality of Life of the People of Africa.” Additionally, it will contribute to achieving the Mission 300 Initiative of the African Development Bank and the World Bank to connect 300 million Africans to electricity by 2030. Trends in energy generation and access According to Rwanda’s Energy Sector Strategic Plan (ESSP II 2024–2029), developed by the Ministry of Infrastructure, the baseline for generation capacity by the end of 2023/2024 was 400 MW. Over the period of 2024–2029, the goal is to steadily increase the generation capacity to more than 410 MW by 2025/26 and 615.303 MW by the end of the 2028/29 period. This "ambitious target will significantly contribute to meeting the growing demand for electricity, thereby supporting economic growth, enhancing living standards, and promoting sustainable development," the blueprint states. During the seven-year implementation of the first National Strategy for Transformation (NST1), which started in 2016/2017 and ended in 2023/2024, the government made substantial investments in the energy sector. As a result, electricity access increased, reaching 76.2 percent of Rwandan households. ALSO READ: Over 1.5m new households connected to electricity since 2017 – PM Meanwhile, data from the Rwanda Energy Group shows that the cumulative connectivity rate in Rwanda is 82.2 percent of Rwandan households, as of the end of February 2025—comprising 57.4 percent connected to the national grid and 24.8 percent accessing through off-grid systems (mainly solar). One of the main targeted interventions outlined in the ESSP is connecting over 1.1 million new households to the grid, an initiative aimed at extending the benefits of electricity access to previously underserved areas, thereby improving the quality of life for millions of people, according to the strategic plan. The productive user access to electricity was projected to gradually increase from the current 86 percent in 2023/24 to 100 percent by the end of 2028/29, it is indicated. As noted, achieving this goal will have a profound impact, boost economic activities, and foster an environment conducive to entrepreneurship and innovation.

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Government Securities Worth Rs 27,000 Crore Fully Subscribed on Friday

Mumbai (Maharashtra) [India], July 18 (ANI): On Friday, the central government conducted an auction of securities amounting to a total of Rs 27,000 crore (Rs 15,000 crore set to mature in 2030 and Rs 12,000 crore scheduled to mature in 2054).

As per the Reserve Bank of India (RBI), thegovernment securitieswas fully subscribed. The bond maturing in 2030 is expected to provide 6.01 percent annual returns, and 7.09 percent for the bond maturing in 2054.

The subscription auction was carried out using a price-based approach today. Primary Dealers submitted their bids for the auction electronically via the Core Banking Solution (E-Kuber) system between 09:00 AM and 09:30 AM on the day of the underwriting auction (today).

The underwriting commission will be added to the current account of the respective primary dealers with RBI today. Primary dealers are authorized entities with RBI that have permission to buy and sellgovernment securities.

In the most recent auction of State Government Securities (SGS), data from the RBI revealed that up to twelve Indian states managed to raise a combined total of Rs 26,900 crore. Every state that took part in the auction accepted the full amount they had announced for the sale.

Maharashtra took the lead in the fundraising initiative, raising Rs 6,000 crore via four types of securities. The state provided returns of 7.12 per cent for a 22-year security, 7.13 per cent for a 23-year security, 7.15 per cent for a 24-year security, and 7.16 per cent for a 25-year security.

After Maharashtra, Andhra Pradesh generated Rs 3,600 crore by issuing two securities worth Rs 1,500 crore and Rs 2,100 crore, with yields of 6.87 per cent and 6.88 per cent respectively, for tenures of 8 and 9 years.

Uttar Pradesh generated Rs 3,000 crore by issuing a single security with a yield of 6.86 percent for an 8-year period.

Uttar Pradesh is succeeded by Telangana and Punjab, each of which raised Rs 2,500 crore. Punjab also recorded the highest return on its security at 7.19 per cent for a period of 24 years.

Telangana secured Rs 2,500 crore through three different securities, with two of them amounting to Rs 1,000 crore each. The first one was issued at a yield of 7.10 per cent for a period of 32 years, while the second was offered at a yield of 7.09 per cent for 35 years. The third security, worth Rs 500 crore, was issued for a tenure of 38 years with a yield of 7.09 per cent.

West Bengal, Gujarat, and Bihar each issued securities worth Rs 2,000 crore. West Bengal did so at a yield of 7.07% for a period of 12 years, Gujarat at 6.80% for nine years, and Bihar at 6.90% for ten years.

Other bidders in the auction were Odisha, which generated Rs 1,500 crore by issuing two securities worth Rs 1,000 crore and Rs 500 crore. The first was issued at a yield of 6.98 per cent for a period of 12 years, while the second was offered at 6.13 per cent for a duration of three years.

Tamil Nadu generated Rs 1,000 crore by issuing a bond with a yield of 6.82 percent for a period of 10 years. Goa secured Rs 100 crore at 6.89 percent for a term of 10 years.

The RBI carried out this yield-based auction as part of its standard borrowing schedule for states, assisting them in fulfilling their capital spending and financial requirements. (ANI)

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Swastika Castal Launches IPO on July 21, 2025

PNN

Mumbai (Maharashtra) [India], July 18:Swastika Castal LimitedA prominent producer of aluminum castings, based in Vadodara, Gujarat, the company is recognized for its skills in sand casting, gravity die casting, and centrifugal casting. It has declared the launch of its IPO on July 21, 2025, with an intended issue size of ₹14.07 Crores, and the shares are expected to be listed on BSE Limited's SME Platform.

Equity Share Allocation

* Market Maker - 1,10,000 Shares of Equity

* Retail Individual Investors (RII) - 10,28,000 Shares of Equity

* Others - 10,26,000 Equity Shares

The funds received from the IPO will be used for capital spending on purchasing equipment and machinery, building sheds and structures, covering working capital needs, and for general company purposes.

The public subscription period will begin on Monday, July 21, 2025, and end on Wednesday, July 23, 2025.

Horizon Management Private Limited serves as the Lead Manager for the offering, while Accurate Securities & Registry Private Limited acts as the Registrar for the issue.

Mr. Varun Sharda, Founder and Chief Executive Officer ofSwastika Castal Limited, expressed: "Swastika Castal LimitedHis entry into the capital markets represents a significant turning point in our path of exact engineering, creativity, and worldwide growth. For many years, we have positioned ourselves as a reliable producer of high-accuracy aluminum castings, supplying essential industries throughout India, Europe, Japan, and the United States.

Boasting extensive knowledge in sand casting, gravity die casting, and centrifugal casting, along with state-of-the-art production systems and ISO-certified procedures, we provide customized, high-performance solutions for industries such as automotive, rail, power transmission, and oil & gas.

Highlights:

* New Issue Size - 21,64,000 Equity Shares of ₹ 10 each

* Amount Issued - ₹ 14.07 Crores

* Issue Cost - ₹ 65 Per Share

* Trading Unit - 2,000 Equity Shares

Our travels have been influenced by ongoing investment in state-of-the-art equipment, trained personnel, and thorough testing procedures that comply with international quality requirements. Under the direction of seasoned management, we regularly deliver dependable and accurate solutions for a wide range of customers.

The funds generated from this IPO will allow us to increase manufacturing capabilities, improve working capital, and boost our international footprint. As we move into this new stage of growth, we are dedicated to delivering long-term value and reinforcing Swastika Castal's standing as a reliable leader in aluminum castings that supports the 'Make in India' initiative.

Mr. Sanjay Dubey, the chief executive officer of Horizon Management Private Limited, stated,

The aluminum casting sector is set for substantial expansion fueled by growing industrialization, infrastructure projects, and increased need in areas like automotive, rail transport, power distribution, and heavy equipment. Improvements in production techniques and a focus on enhanced accuracy and quality are also boosting the market's prospects at both national and international levels.

In this scenario, businesses that utilize technological advancement and uphold strict quality controls are most prepared to take advantage of the expanding prospects.Swastika Castal Limited, with its emphasis on accurate manufacturing and dedication to excellence, is ideally positioned to take advantage of these positive trends in the sector.

We are pleased to be a part ofSwastika Castal LimitedTheir IPO process and the confidence that the raised capital will enable them to enhance their operational strengths and expand their footprint in a fast-changing market. This collaboration presents an intriguing chance to back a company ready for long-term growth and value development.

About The Company:

Swastika Castal LimitedOne of the top manufacturers of aluminum castings, known for its proficiency in various casting methods such as sand casting, gravity die casting, and centrifugal casting. Supported by a competent technical team and ISO 9001:2008 certified procedures, the company ensures reliable quality and tailored solutions, gaining the confidence of multinational clients worldwide. Swastika provides ready-to-use aluminum parts to customers in India, Europe, Japan, and the United States, serving essential industries like automotive, railways, textiles, electricals, and power transmission. Its strong manufacturing system, based on advanced technology, modern equipment, and thorough testing facilities, has established the company as a globally competitive and dependable supplier in the aluminum casting sector. Through its emphasis on engineering excellence, operational accuracy, and customer-focused innovation, Swastika Castal continues to enhance its position in both local and global markets.

For the fiscal year 2025, the company reported a Revenue of ₹ 2,966.12 Lakhs, an EBITDA of ₹ 455.46 Lakhs, and a PAT of ₹ 263.49 Lakhs.

Note: Some statements in this document that are not historical facts are considered forward-looking statements. These forward-looking statements are influenced by various risks and uncertainties, including government actions, local, political, or economic changes, technological challenges, and numerous other factors that could lead to results differing significantly from what is anticipated in these statements. The Company will not be held accountable for any actions taken based on these statements and does not commit to updating these forward-looking statements publicly to reflect future events or situations.

(ADVERTORIAL DISCLAIMER: The following press release has been provided byPNN. ANI will not be held responsible in any manner for the content thereof)

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Top 10 Innovators to Watch in 2025

VMPL

New Delhi [India], July 18: These ten pioneering companies, led by forward-thinking leaders, are poised to influence the future of India's business scene in 2025. From advanced healthcare technology and mission-driven personal care products to established brands adopting new innovations, these enterprises span various industries including real estate, digital marketing, IT, and sustainability, redefining what it means to achieve growth, impact, and success in this evolving era.

Dr. Rahul Shivajirao Kadam, Head of Udaigiri Sugar and Power Ltd.

Dr. Rahul Shivajirao Kadam, Head ofUdagiri Sugar and Power Limited. is a forward-thinking leader shaping change within India's sugar sector. Having studied computer engineering, management, and human resources, he combines technical knowledge with empathetic leadership. Since 2014, he has promoted eco-friendly methods and advanced technology, establishing new standards in the field. His business interests include sugar, ethanol and energy, education, and property development. He is known as a generous donor and a creative thinker,

Dr. Kadam's guidance is based on strengthening local communities and reshaping achievement by means of creativity, environmental responsibility, and equitable development.

Chanchal Goyal and Chirag Goyal, Co-Founders, Chikitsa

Chanchal Goyal and Chirag Goyal, Co-Founders ofChikitsa.io, are revolutionizing India's healthcare system through advanced technological innovations. Chanchal, the CEO with a background in data analytics, and Chirag, the CTO who has more than ten years of experience in cybersecurity, are spearheading the development of AI-driven, blockchain-secured solutions such as speech-to-text electronic medical records and automated claims processing. What started as a pilot project aimed at tackling inefficiencies in government hospitals has evolved into a nationwide platform. Grounded in compassion and fueled by innovation, Chikitsa.io enables healthcare providers—both public and private—to minimize operational challenges and concentrate on what is most important: patient care.

Dhiraj Merani, Creator and Chief Executive Officer, Digital Mojo

Dhiraj Merani, Creator and Chief Executive Officer ofDigital Mojo, leads an ISO-certified digital marketing agency based at Lotus Pond, Banjara Hills, Hyderabad. The agency employs 45-50 specialists and focuses on Education, Real Estate, Healthcare, and B2B lead generation. The company's goal is to increase the revenue of 100 businesses by double within three years using creative, data-focused marketing. Utilizing Mojo Analytica, their custom AI- and ML-powered tool developed on Zoho Analytics and Salesforce, along with the NOW framework, Digital Mojo provides hyperlocal, multi-channel strategies that support long-term business growth.

Ruchi Singh Neekhra and Mehak Kapoor, Co-Founders, Bonji

Ruchi Singh Neekhra and Mehak Kapoor, Founders ofBonji, are steering one of India's most exciting personal care-tech brands, emerging at the intersection of science, eco-friendliness, and self-care. Developed by pharmaceutical pioneers, Bonji tackles urban issues such as pollution-related skin stress, hair damage from hard water, and sensitive skin barriers through the use of safe components, powerful active ingredients, and nanotechnology. Supported by ISB, BIRAC, IIM Bangalore, and Delhi University, Bonji is transforming skincare with laboratory-grade effectiveness for everyday use. Focused on achieving results and maintaining ingredient clarity, Bonji is set to pioneer India's upcoming era of meaningful, performance-driven personal care.

Manan Agarwal, the founder of Ampwake Group

Ampwake GroupA performance marketing system specifically created for top-performing real estate brokerages in India. Founder and Strategic Brain, Manan Agarwal, assists realtors in generating premium leads, enhancing local SEO rankings, and transforming property inquiries into high-value sales. Utilizing a data-focused approach, targeted communication, and technology-driven strategies, the company is enabling broker firms to grow from ₹25L/month to ₹1Cr+ in sales through strategic campaigns, automation, and comprehensive market insights. Designed for "Real Realtors," Ampwake combines automation, paid advertising, landing page funnels, and brand-focused conversions to assist brokers in achieving consistent and profitable growth.

Dr. Aakash Arora and Dr. Jaisika Rajpal Arora, founders of Dental Park - Dental & Maxillofacial Centre, lead Ghaziabad's top NABH-certified dental hospital.

Dr. Aakash Arora and Dr. Jaisika Rajpal Arora, Co-Founders ofDental Park- The Dental & Maxillofacial Centre is the leading NABH-certified dental hospital in Ghaziabad. With more than 20 and 19 years of experience respectively, Dr. Aakash, an Oral and Maxillofacial Surgeon, and Dr. Jaisika, a Periodontist and Implantologist, are experts in advanced Dental Implants, Root Canal Treatment, Dental Crowns, Trauma Care, and Reconstructive Surgeries. In just four years, they have enhanced over 12,000 smiles using cutting-edge facilities and a patient-centered approach. Dental Park provides IPD services, a specialized surgery theater, and cashless treatment options under CGHS, CAPF, and Ayushman Bharat, ensuring accessible quality dental care for everyone.

Dr. Manoj Someswar Gelli, the founder and chief executive officer of GMS Software Services Private Limited

Dr. Manoj Someswar Gelli, the founder and CEO ofGMS Software Services Private Limited, founded the company in 2007 with a goal of providing top-tier software consulting services to multinational corporations in India and globally. Registered under theCompaniesAct and MSME, Government of India, GMS is a comprehensive IT development and consulting company recognized for its excellence, adaptability, and lasting reliability. Comprising 100 talented professionals, GMS specializes in areas such as AI, ML, Data Science, IoT, Robotics, Web Design, and Cybersecurity, establishing a solid reputation in international markets through innovative and customer-focused solutions.

Vipin Vijay, Chief Executive Officer, The Arya Vaidya Pharmacy (Coimbatore) Limited

The Arya Vaidya Pharmacy (Coimbatore) Limited (AVP), under CEO Vipin Vijay, is transforming Ayurvedic healthcare while honoring a legacy spanning more than 120 years. Merging traditional Ayurveda with contemporary advancements, AVP develops approximately 800 formulations at its state-of-the-art production unit in Kerala. Driven by a global outlook focused on quality, environmental responsibility, and honesty, AVP has established a broad domestic and international footprint, supported by a network of respected doctors, production sites, treatment facilities, academic bodies, and research institutes. Under Vipin Vijay's guidance, the company is advancing its global reach and increasing its influence in 2025, reinforcing AVP's reputation as a reliable authority in Ayurveda.

Anita Anand, Creator and Chief Executive Officer, Enigma Holdings Pvt. Ltd.

Ms. Anita Anand, Creator and Chief Executive Officer ofEnigma Holdings, is transforming the trading landscape by creating a performance-focused environment that eliminates personal capital as a hurdle to achievement. Enigma Holdings supports traders with systematic assessments, instant behavioral insights, and analytics-based processes that encourage discipline, enhance judgment, and recognize sustained effort. In a sector marked by uncertainty and danger, the company presents a clear, fair platform that develops genuine ability. By amplifying sound choices and offering strategic funding, Enigma Holdings is changing the way competent traders develop, excel, and achieve success.

Amit Arora, Creator and Chief Executive Officer, Webiance

Amit Arora, Creator and Chief Executive Officer ofWebiance, is a well-experienced digital marketing professional with more than a decade of expertise in the healthcare industry. As the devoted child of Superdad and Wonderful Mom, Amit has assisted prominent brands such as Max Hospital, Fortis Hospital, and Prime Dental Clinic in increasing patient visits and income. With his guidance, Webiance—based in India and growing worldwide—provides honest, data-focused marketing strategies customized fordoctors, clinics, and hospitalsAmit's goal is to link healthcare professionals with suitable patients via effective digital expansion.

(ADVERTORIAL DISCLAIMER: The above press release has been provided byVMPL. ANI will not be held responsible in any manner for the content thereof)

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