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UDAIPUR, India, June 26, 2025 /PRNewswire/ -- The Indian Institute of Management Udaipur (IIM Udaipur), one of India's premier management institutions, has entered into a strategic partnership with the Association of Chartered Certified Accountants (ACCA), a globally renowned professional accountancy body. This collaboration marks a significant step in IIM Udaipur's mission to deliver world-class education rooted in academic rigour, global relevance, and industry impact.

A Memorandum of Understanding (MoU) was signed today by Prof. Anirban Adhikary, Dean of Faculty and Research, IIM Udaipur, and Mr. Prabhanshu Mittal, Head of Educational Partner Relationships – India, ACCA. The partnership is aimed at enhancing educational and professional development opportunities in the field of accountancy and finance.

Through this collaboration, IIM Udaipur and ACCA will work together to offer enriched academic experiences, including joint programs, seminars, and workshops designed to integrate global best practices into the curriculum. The MoU also outlines initiatives such as faculty development sessions and 'train-the-trainer' programs, reinforcing IIM Udaipur's commitment to continuous learning and capacity building.

Speaking on the occasion, Prof. Ashok Banerjee, Director of IIM Udaipur, said:

"We at IIM Udaipur are delighted to collaborate with ACCA, a globally respected leader in the field of professional accountancy. This partnership brings together academic excellence and professional relevance to equip our students with a global perspective and future-ready skills. It aligns with our vision of fostering innovation, research, and impactful learning that meets the evolving demands of the finance and accounting profession."

The MoU also aims to cultivate a research-driven ecosystem focused on innovation in finance and accountancy, reflecting IIM Udaipur's growing emphasis on thought leadership and global engagement.

Commenting on the partnership, Md. Sajid Khan, Director – India, ACCA, said:

"We are thrilled to partner with IIM Udaipur, an institution known for its excellence and forward-thinking approach to management education. Together, we aim to empower the next generation of finance professionals with globally recognised qualifications and the skills to lead in a dynamic financial landscape."

This collaboration reaffirms IIM Udaipur's dedication to shaping globally competent, ethically grounded, and innovation-driven leaders in finance and beyond.

About IIM Udaipur:

IIM Udaipur is well on its way to becoming a globally recognised B-School. It has broken new ground by focusing on world-class research and transforming students into tomorrow's managers and leaders. The Institute arrived on the global education stage by securing accreditation from the AACSB (Association to Advance Collegiate Schools of Business) in merely eight years of its establishment.

IIMU has been listed on the Financial Times (FT) Global MIM Ranking 2024 for the 6th consecutive year, making it the only IIM to have achieved this feat. In the QS Global MIM Ranking 2025, IIM Udaipur stands as the 6th highest-ranked IIM and continues to maintain its listing for the 6th year in a row, reinforcing its global standing. Notably, it is also the youngest B-School in the world to be featured in both rankings. Additionally, IIM Udaipur ranks 4th in India for research in management, according to the UT Dallas methodology, which tracks publications in leading global journals, showcasing its excellence in academic research.

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(Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR

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New Delhi, Jun 26 (PTI) Mumbai-based Invicta Diagnostic on Thursday said it has raised Rs 6 crore from marquee investors in its pre-IPO funding round.

The funding round was led by Grobiz SME Opportunities Fund with participation from prominent angel investors, the company said in a statement.

Invicta Diagnostic provides a one-stop solution for pathology and radiology testing services, including imaging and clinical laboratory. It has seven diagnostic centres and one centralised laboratory across the Mumbai Metropolitan Region.

It offers comprehensive radiology and pathology solutions under the brand name 'PC Diagnostics'. PTI HG BAL

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New Delhi, Jun 26 (PTI) Sambhv Steel Tubes' initial public offer received 1.76 times subscription on the day two of bidding on Thursday.

The initial share sale fetched bids for 8,64,61,830 shares against 4,92,06,100 shares on offer, according to data available with the NSE.

Non-institutional investor's portion subscribed 3.12 times, while the quota for retail individual investors (RIIs) garnered 1.83 times subscription. Qualified institutional buyers (QIBs) part received 61 per cent subscription.

Sambhv Steel Tubes has raised Rs 161.25 crore from anchor investors.

The Rs 540-crore IPO will conclude on Friday. The price band for the IPO has been fixed at Rs 77-82 per share.

The IPO is a mix of fresh issue of equity shares valued at Rs 440 crore and an offer-for-sale (OFS) of shares worth Rs 100 crore by promoters.

Proceeds from the fresh issue will be utilised for payment of debt and general corporate purposes.

Sambhv Steel is one of the key manufacturers of electric resistance welded (ERW) steel pipes and structural tubes (hollow section) in India in terms of installed capacity as of March 31, 2024.

Nuvama Wealth Management and Motilal Oswal Investment Advisors are the book-running lead managers to the issue.

Sambhv Steel Tubes' stock is likely to be listed on the BSE and NSE on July 2. PTI SUM SUM BAL

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New Delhi, Jun 26 (PTI) AI commerce startup ShopOS has raised USD 20 million (about Rs 171.4 crore) in investment from Binny Bansal's 3STATE Ventures.

The Bengaluru-based firm will use the funding to accelerate platform development, scale its Product and Engineering team, and onboard more brand partners, according to a company statement.

The startup is an AI-driven operating system designed for commerce.

"ShopOS is building the commerce stack of the future with AI at its core. The potential for an AI-driven operating system to empower brands, particularly in navigating cross-border commerce and hyper-personalisation, is a lot," Bansal said.

ShopOS has clients in India, Europe, and the UAE.. PTI ANK ANK BAL

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Chennai, Jun 26 (PTI) TVS Srichakra Ltd, makers of two and three wheeler tyres under the 'Eurogrip Tyres' brand, has expanded its retail footprint in Tamil Nadu, with the inauguration of two new flagship stores in the city.

The Tamil Nadu-based company operates exclusive stores in Mysuru, Ahmedabad, Patna, Farrukhabad, Hyderabad and Chennai.

The two new stores were inaugurated in Selaiyur and Villivakkam, would offer tyre care and allied services, a company statement here said.

"We are happy to reach out to more customers through our new branded retail stores. Chennai is an important market for us, and we had opened our first branded retail store in Velachery last May. The response from customers has been encouraging and we are happy to be launching two more stores in the city," company COO T K Ravi said.

He exuded confidence that the company has plans to open more such stores in different cities.

Equipped with services such as tyre fitment, tyre care and puncture repair, these flagship stores would also provide additional services like lubricant and engine oil changes among others.

TVS Srichakra Ltd has manufacturing facilities in Madurai and Rudrapur, Uttarakhand with a production capacity of over 3 million tyres a month. The company's products are available in over 85 countries worldwide. PTI VIJ ROH