SPIRIT OF MUMBAI

~ Healthy Oil for a Healthy Heart ~ India, June XX 2021: Oil and Fats are used in daily cooking preparation to provide energy and to enhance the flavour of the food. Different oilseeds and vegetable oils as well as animal fats have served as a source for these fats. Among these, palm oil has historically been one of the most commonly used fats in the world. Palm oil is one of the 17 edible oils cited by Codex Alimentarius, Food and Agriculture Organization (FAO) and the World Health Organization (WHO) as an edible oil suitable for human consumption. Palm oil contains 50% saturated fatty acids (SFAs), 40% monounsaturated fatty acids (MUFAs) and 10% polyunsaturated fatty acids. (PUFAs).  Many human studies have also reported that palm oil has a neutral effect on the total cholesterol level and is comparable to those of unsaturated oils. Palm oil can be safely used as a substitute for olive oil with the same heart health benefits. It has high oxidative stability compared to polyunsat...

  June 30, 2021:   GS1 India, a global supply chain standards organisation, and Midas Research Lab of Indraprastha Institute of Information Technology, Delhi, a leading research-oriented academic institute, have signed a Memorandum of Understanding (MOU) today to create the DataKart Centre of Excellence (DCoE). The aim is to apply Artificial Intelligence, Machine Learning and other futuristic technologies to develop tools for image compression, attribute extraction, and for improving quality of product data in the National Product Data Repository (DataKart).   Mr. S. Swaminathan, CEO, GS1 India , said,  “This collaboration will give us the opportunity to leverage the expertise of IIIT-Delhi researchers to develop advanced tools for improving data accuracy and quality, and enable small and medium businesses share their product data with retailers and online marketplaces.”   The collaboration will bring together research professionals and academic scholars to deve...

  Pre-sales grew by 6% Q-o-Q to Rs 371 cr in Q4 FY21 Collections grew by 27% Q-o-Q and 83% Y-o-Y to Rs 321 cr in Q4 FY21 Net debt to equity ratio strengthened to 0.18x in FY21 from 0.24x in FY20 Strong positive operating cash flow of Rs 286 cr generated in FY21 Mumbai, June 30, 2021:  Sunteck Realty Limited, Mumbai’s luxury real estate developer, announced its Q4 and FY21 financial results.   Rs cr Pre-Sales Segment 1QFY21 2QFY21 3QFY21 4QFY21 FY2020 (Full year) FY2021 (Full year) BKC Projects Luxury - - - 90 72 90 ODC Projects Mid-income 41 53 189 201 273 484 Naigaon Projects Affordable 48 32 62 75 763 217 Other Projects Mixed 12 115 99 5 113 231 Total   101 200 349 371 1,221 1,022     Rs cr Collections Segment 1QFY21 2QFY21 3QFY21 4QFY21 FY2020 (Full year) FY2021 (Full year) BKC Projects Luxury - 44 - 51 100 95 ODC Projects Mid-income 29 31 114 104 269 278 Naigaon Projects Affordable 35 41 65 89 278 230 Other Projects Mixed 1 26 73 77 68 177 Total   ...