The company has reported 16% growth in revenues and 37% growth in EBITDA on a year-on-year basis, driven by strong growth momentum across all its key business segments, viz, natural diamonds, lab-grown diamonds, jewelry, and gemstones.

Consolidated revenue from operations for the quarter stood at INR 3,009 Mn, and EBITDA stood at INR 1,735 Mn. The EBITDA margin has improved from 49% in Q2 2024 to 58% in Q2 2025. PAT for Q2 2025 was reported as INR 1,265 Mn, a growth of 63% on a year-on-year basis, with PAT margins at 42% vs 30% in Q2 2024.

For the Half year ended June 2025, the Company has reported 13% growth in revenues from operations and 23% growth in EBITDA in H1 2025 when compared with H1 2024. EBITDA margins are up from 56% in H1 2024 to 61% in H1 2025. The consolidated PAT for H1 2025 stood at INR 2,673 Mn, showing a 31% increase over H1 2024, with margins up from 38% in H1 2024 to 44% in H1 2025

Key financial highlights – IGI Consolidated (INR in MN):

Tehmasp Printer, Managing Director and CEO of IGI, said,

“I am happy to report the Company has seen strong growth momentum across all its segments compared to the previous quarter.

For over a century, the 4Cs—cut, color, clarity, and carat—have served as the universal language of diamond quality. At IGI, we uphold these standards not out of convention, but out of a deep respect for the consumer’s right to make informed decisions and feel confident in every purchase. Modern consumers are increasingly discerning—they demand transparency, authenticity, and traceability. In today’s market, identifying the origin of a diamond—whether natural or lab-grown—has become critically important, both for ethical assurance and value clarity.

At IGI, we have gone beyond the traditional 4Cs and have introduced a proprietary ‘Light Performance Analysis’, which is a scientific assessment that measures how a diamond interacts with light. This would provide a deeper insight into critical visual attributes—brightness, fire, and contrast—which collectively define a diamond’s true ‘sparkle’.

Additionally, along with our core segments of natural diamond certification and lab-grown diamond certification, we are also seeing a strong demand for certification of natural diamond and lab-grown diamond jewelry, which will further accelerate the growth of our business in the quarters to come.”  

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IGI pioneered lab-grown diamond grading in 2005. Recognizing their identical properties to natural diamonds, IGI applied the existing 4Cs to prevent industry and consumer confusion, mirroring the approach taken in the cultured pearl market.

The statement released by the institute reads: “Since its inception, IGI has remained steadfast in its mission as an independent, third-party authentication body – unbiased and free from external influence. Our commitment to transparency, integrity, and scientific accuracy has earned us the trust of consumers, manufacturers, and retailers around the world.

Every diamond we certify undergoes a rigorous 14-step grading process, carried out by expert gemologists using state-of-the-art equipment – upholding accuracy, impartiality, and trust at every step.

IGI Reaffirms Its Commitment to Full 4Cs Grading Standards for Natural and Lab-Grown Diamonds. For nearly a century, the 4Cs – Cut, Color, Clarity, and Carat – have served as the universal language for assessing diamond quality. At IGI, we uphold these standards not merely out of tradition, but from a deep-rooted belief in the consumer’s right to transparency, knowledge, and confidence.

At IGI, we’re not just grading diamonds – we’re safeguarding the trust that consumers place in us.”

A Global Leader with Recognized Credentials

• With 31 laboratories across 10 countries, IGI operates the world’s largest gem lab network. Our leadership in diamond and gemstone certification is built on:
• ISO 17025 accreditation, validating our technical precision and adherence to international standards.
• Big Four as our internal auditors, reinforcing robust internal governance.
• Membership with the Responsible Jewellery Council (RJC) reflects our ethical responsibility and sustainability commitment.
• Uniquely, IGI is the only gemological laboratory in the world listed on the stock exchange, underscoring our financial transparency and global accountability.

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Stroke is the second leading cause of death, the third leading cause of disability worldwide, and is responsible for 160 million years of healthy life lost each year. The impact on individuals, families, and society is incalculable. This award acknowledges the hospital’s commitment to maintaining the highest standards in treating stroke patients. Facilities at Sahyadri Hospitals include a dedicated Neuro ICU, which is a specialized intensive care unit focusing on patients with severe neurological issues. The hospital also boasts a dedicated stroke team led by Dr Nasli Ichaporia, specialized in quickly and effectively treating stroke emergencies. The hospital uses benchmarking for thrombolysis and can minimize the effects of a stroke. Additionally, Sahyadri Hospitals are equipped with state-of-the-art facilities for mechanical thrombectomy to remove clots from the brain in certain stroke patients, performed by expert clinical leaders using advanced technology.

Recognition has also come from the World Stroke Organisation (WSO)/Angels award committee, which grants awards to hospitals that provide effective data and demonstrate effective care and treatment delivery according to a set of specific criteria. Sahyadri Hospitals has received the Diamond award, the highest level, for quality stroke care for 14 consecutive quarters. This award is part of a program that emphasizes continuous data capturing and analysis to identify and address areas for improvement in brain stroke care.

Dr. Sunil Rao, Chief Operating Officer and Medical Director at Sahyadri Group of Hospitals, remarked, “Receiving the NABH certification is not just about meeting high standards—it’s about exceeding them and establishing new benchmarks in healthcare. This recognition is a clear reflection of our relentless dedication to providing top-quality care and ensuring the safety and well-being of our patients. As one of the first hospitals in India to achieve this milestone, we are immensely proud. We remain committed to maintaining these rigorous standards across all our facilities.”

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SAN JOSE, CALIFORNIA, USA: Tessolve, a leading global provider of system and silicon solutions for next-generation products, received the ISO 26262 Functional Safety Process Certification from the Certification Body of TÜV SÜD South Asia Private Limited. This prestigious certification reinforces Tessolve’s commitment to delivering high-quality, safety-compliant solutions, marking a major milestone in the company’s growing presence in the automotive semiconductor, systems, and software sectors.

TÜV SÜD, the internationally acclaimed German safety and quality expert, has granted Tessolve certification for implementing and maintaining a functional safety management system.  This system ensures rigorous safety management, enhanced productivity, and improved reliability while adhering to industry standards for the functional safety of automotive electrical and electronic systems.

“Tessolve has made tremendous progress in automotive and functional safety over the years. Achieving the ISO26262 certification is not just a milestone but a strong affirmation of the high standards and quality of work our team consistently delivers. This certification underscores our commitment to providing top-tier solutions in functional safety, ensuring that we meet and exceed industry expectations. I’m incredibly proud of our team’s dedication and expertise, which have been pivotal in reaching this achievement,” said Srini Chinamilli, Co-founder & CEO, of Tessolve.

Tessolve provides comprehensive turnkey automotive semiconductor and embedded solutions, from concept development to manufacturing, driven by a dedicated team of experts with extensive experience and knowledge in the automotive domain. By following industry standards such as ISO 26262, ASPICE, AUTOSAR, and MISRA, Tessolve ensures the highest level of quality and safety in its automotive solutions. Additionally, the company actively invests in automotive R&D initiatives, to keep up with the latest trends and technologies in the market.

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The CMMI Level 3 certification, awarded for both Development and Services models reflects a disciplined approach to process management, ensuring that CriticalRiver’s processes are not only proactive but also consistently applied across all projects, programs, and portfolios. This further substantiates the ongoing vision and dedication of CriticalRiver’s operations, ensuring excellence in AI and digital innovation, and enabling the delivery of high-quality solutions on time and within budget.

Anji Maram, CEO of CriticalRiver, said, “The Level 3 Certification of CMMI is an honor that reflects the meaning of CriticalRiver—dedicated to delivering best-in-class services. This aligns with our strong emphasis on artificial intelligence and co-innovation, a thrust that continually motivates us to raise the bar and ensure cutting-edge solutions for our customers in their evolving environments.”

This certification enables CriticalRiver to optimize process efficiency, mitigate risks, and deliver quantifiable performance success for every project undertaken.

In addition to the CMMI certification, CriticalRiver holds other notable certifications, including ISO 9001 for quality management, ISO 20000 for IT service management, and ISO 27001 for information security management. These certifications result from rigorous examinations, establishing CriticalRiver as a trusted partner for Fortune 100/500 companies in a rapidly changing and fast-paced digital environment.

According to CriticalRiver’s CFO, Chandra Chandragiri, “These certifications don’t just represent our dedication to continuous improvement and customer satisfaction; they further solidify CriticalRiver’s position as a partner in the digital age.”

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MUMBAI: The Automotive Research Association of India (ARAI) has certified Škoda Auto India’s 1.0 TSI engine to be E20 compliant. This marks Škoda among the first few OEMs to receive E20 compliance from an official body.

Speaking on the certification, Petr Janeba, Brand Director, Škoda Auto India, said: “Along with making cars that lead in driving dynamics and safety, efficiency, and sustainability have also been at the center of our product and production practices. TSI technology has been time-tested and proven for efficiency and emissions while being effectively powered. We have evolved and adapted this technology to various updates in standards and policies across the globe. The 1.0 TSI especially, with its 3-cylinder turbo configuration tuned for power and efficiency is a versatile powertrain, and the E20 certification is a testament to this. We are confident of a similar outcome when the 1.5 TSI is tested, later this year.”

The certification

The 1.0 TSI is now among the first few engines in India to receive an E20 certification by an official body. The 1.0 TSI powers the Kushaq SUV and Slavia sedan in Škoda Auto India’s line-up. The engine is mated to a six-speed manual or a six-speed automatic. The 1.5 TSI powering these two cars is also undergoing tests. The results of this are tentatively slated for Q4 2024. The Indian government has made it mandatory for all cars from April 1, 2025, to be E20 compliant. The E20 fuel blend consists of 20% ethanol – made from renewable sources like corn, sugarcane, or biomass — and 80% petrol. This reduces the amount of fossil fuel per liter and emissions.

The engine

The 1.0 TSI makes 85kW of power (115ps) and 178Nm of torque and is mated to a six-speed automatic or a six-speed manual. While the engine is available across variants in the Kushaq and the Slavia, the E20-compliant engine made its debut in the recently introduced Kushaq Onyx AT and will eventually make it to every 1.0 TSI Škoda to roll off the production line from Chakan, Pune.

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The 3-day workshop is set to be a comprehensive exploration of Adobe Premiere Pro, a pivotal tool in the field of media and animation. The workshop will be spearheaded by Mr. Ajay Popalghat, a distinguished VFX Expert. Participants can anticipate a deep dive into the software’s functionalities, and creative storytelling techniques, and engage in informative Q&A sessions that promise to enhance their proficiency.

The workshop by Lexicon IMA is a strategic move to bridge the gap between industry demands and the skillsets of the professionals. This proactive approach towards skill development aims to boost India’s self-reliance and contribute to the overall improvement of employment rates.

Dipta Joshi, Principal, Lexicon IMA, said, “Our commitment to creating the next generation of thought leaders is reflected in our workshops. These initiatives enhance technical skills and foster innovation and entrepreneurship among individuals, empowering them to thrive in the landscape of media and animation.”

Lexicon IMA will consistently organize similar workshops, establishing a continuous learning ecosystem for individuals aiming to stay ahead in the competitive field.

The Adobe Premiere Pro webinar is scheduled for 15th-17th February 2024. To enhance your skills and enroll in the workshop, registration is now open. For more information, please contact +91 9762522801 or 9156782801, or email yusuf.lokhandwala@lexiconedu.in.

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PCI PIN certification is a set of security standards established to protect the processing and transmission of card PINs used in transactions. This certification ensures that systems and devices involved in PIN processing comply with security standards set forth by the Payment Card Industry Security Standards Council (PCI SSC) to safeguard customer’s sensitive information.

Union Bank of India has consistently demonstrated its commitment to implementing industry-leading practices aligned with international standards for managing its information systems. By adhering to stringent security measures and continuously evolving its security protocols to meet emerging threats, Union Bank of India aims to strengthen customer trust and uphold the integrity of all sensitive data entrusted to the bank.

Union Bank of India’s systems, processes, and IT facilities are also ISO27001:2013, ISO22301:2019, ISO31000:2018, ISO 27701:2019 & PCI-DSS certified by international certification bodies which provide safe, secure, and resilient Banking experience to its customers.

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INDIA: Pi Green Innovations Pvt Ltd, India’s leading Cleantech start-up, has been granted the Type Approval certificate from the Central Pollution Control Board (CPCB) approved lab for its “Carbon Cutter Machine” – Retrofit Emission Control Device (RECD). The Hon’ble National Green Tribunal (NGT) issued an order in 2019 to reduce Particulate Matter from DG sets by 70% from existing levels, based on which the CPCB evolved standards and norms for in-use DG sets below the 800kW category. Pi Green Innovations’ certified RECD is one major step to achieving such an ambitious goal. This certification validates Pi Green’s Carbon Cutter technology and allows the Company to carve a niche for itself within the industry.

As many as 35 of the 50 cities with the worst air quality were in India, with New Delhi continuing to be the world’s most polluted capital city for the fourth consecutive year in 2021, according to the World Air Quality Report, prepared by Swiss organization IQAir. The National Clean Air Programme (NCAP) launched in 2018 was designed to combat the rising concern of air pollution. Furthermore, it was found that pollution created by Diesel Generator (DG) sets needs to be addressed on an immediate basis.

The certification system and procedure released by CPCB is a comprehensive and fully encompassing procedure document covering requirements of advanced onboard diagnostics and operator warning systems ensuring certified RECDs are fit and effective in reducing the harmful PM 2.5 and PM 10 emissions when installed on DG sets. The CPCB testing parameters and performance of RECD such as aged RECD back pressure also ensured that the certified RECD will not have any adverse impact on the working of the DG sets over its lifetime. Pi Green Innovation’s RECD product – Carbon Cutter is awarded ‘Type 1’ certification which validates its superiority over Type-2 RECD products which increase secondary emissions such as NO2.

Commenting on this, Mr. Irfan Pathan, Co-Founder & CEO at Pi Green Innovations said, “We, at Pi Green Innovations, have always been committed to achieving the goal of clean air and the certification by CPCB-approved labs this helps bolster our resolve towards our mission. Having had complete confidence in our Carbon Cutter technology, we were ecstatic to pass the stringent testing parameters. Furthermore, our partner OEMs are excited to offer a Certified RECD to their customers. Through the implementation of the NCAP, we are confident to witness a significant push towards the goal of Cleaner Air in India, and we look forward to contributing to this noble initiative.”

Pi Green Innovations holds patents for its product Carbon Cutter in India, the USA, China, the UK, European Union & Singapore. The company was founded in 2016 as a five-member team operating out of a 150-sq-ft workshop and has since grown into an established Cleantech start-up with a team of over 100 operating from a 55,000-sq-ft. manufacturing facility in Pune. Today, Pi Green has been leading conversations regarding air pollution and continues to work closely with various State governments and state pollution control boards on Public Policy Advocacy to address domestic pollution-related issues.

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