Thursday, August 31, 2023

Scholarship winners Receive 'SavitriBai Phule' book from Ratna Nidhi charitable Trust & author Reeta Ramamurthy Gupta

Ratnanidhi Charitable Trust Hosted a  Book Reading and Felicitation of 'SavitriBai Phule: Her Life, Her Relationships, Her Legacy' by Author Reeta Ramamurthy Gupta under their Mission Million Books program. These books were donated by the Tagore academy.

1 September 2023Mumbai.
Rajiv Mehta of the Ratna Nidhi Trust, a grantee and preferred CSR partner for India's top corporates held a special book distribution program under the aegis of Mission Million Books.  The event included a book reading and felicitation of scholarship winners with the bestselling book,  'SavitriBai Phule: Her Life, Her Relationships, Her Legacy', by none other than India's favourite biographer, Reeta Ramamurthy Gupta. 

Ratnanidhi Charitable Trust has consistently dedicated its efforts to alleviating poverty and spreading the light of education, particularly among the young children of Mumbai. Their Mission Million program, a far-reaching social initiative, aims to bridge educational disparities by providing underserved communities with access to high-quality educational materials for their holistic growth and advancement.

During the event, Reeta Ramamurthy Gupta spoke about the struggles of Savitribai Phule. She said, "Education is the key to breaking the cycle of poverty. The book 'SavitriBai Phule: Her Life, Her Relationships, Her Legacy' aligns perfectly with the mission of fostering education, empowerment, and positive change in the lives of the under-served."

This event was made possible by the Tagore Academy, located in Faridabad, which generously donated 500 copies of the  book 'SavitriBai Phule: Her Life, Her Relationships, Her Legacy' to Ratnanidhi Charitable Trust. The book, hailed as a masterpiece, is authored by Reeta Ramamurthy Gupta. It delves into the life, relationships, and enduring legacy of the iconic SavitriBai Phule., India's first female teacher.

Over 60 scholarship winners from the Chikitsak School personally received copies of 'SavitriBai Phule: Her Life, Her Relationships, Her Legacy.' This gesture was aimed to encourage the habit of reading among the children and also to serve as an inspiration to respect the freedoms conferred upon us by Savitribai Phule.

Rajiv Mehta, trustee of the Ratnanidhi Charitable Trust, expressed his gratitude for the generous donation by Tagore Academy and emphasized the importance of collaborative efforts in shaping a better future for the underprivileged. 

The event was not only an opportunity to celebrate the scholarship recipients but also a reminder of the importance of education, empowerment, and the enduring impact of powerful storytelling

About Reeta Ramamurthy Gupta
Reeta Ramamurthy Gupta is a bestselling author, and a reviewer for Network18. She is an active proponent of the philosophy that the right mindset can help people rescript their own lives as well as that of others. She is credited with the acclaimed Red Dot Experiment, a ten-year-long, six-nation study on how culture impacts communication. A polyglot, she speaks five languages.

In an era of societal barriers, Savitribai Phule challenged the status quo. Alongside her mentor Sagunabai Kshirsagar and fellow educator Fatima Sheikh, she fought for women's education and the emancipation of widows, untouchables, and backward castes.This gripping narrative takes you to mid-nineteenth-century Poona, where three audacious women defied conventions and believed in their power to effect change. Savitribai Phule: Her Life, Her Legacy, Her Relationships is a testament to Savitribai’s unwavering spirit, inspiring courage, and empowerment. This story of three strong women remains relevant till today and will inspire young women and men everywhere to fight for their rights.

Discover the Secret of ‘Financial Success’ with ‘Growth Summit India’s’ 2nd season on September 1st, 2nd and 3rd in Mumbai

Growth Summit India gears up for 2nd Season: 'Discover the Secret of Financial Success' with Esteemed Lineup of speakers Mr. Robert Kiyosaki, Mr. Aman Gupta, Mr. Sunil Tulsiani, Mr. Robert Allen, Sneh Desai, Ranveer Allahbadia, Dev Gadhvi, Coach Bsr, Dr. Sandeep Gupta & Rahul Jain at the prestigious summit that will be held on September 1st, 2nd, and 3rd in Mumbai, India.


Join us for an enriching three-day Summit, commencing on September 1st. Day 1 offers an exclusive meet & greet at the Taj Santacruz, where attendees can interact with luminaries like Mr. Robert Kiyosaki, Mr. Aman Gupta, Mr. Sunil Tulsiani, Mr. Robert Allen, and Sneh Desai. On September 2nd, the renowned lineup reconvenes at the Sardar Vallabhbhai Patel Indoor Stadium, unveiling the path to prosperity by delving into the secrets of financial success. Concluding on September 3rd at the Hotel Sahara Star, this transformative session promises deep insights.


For a comprehensive agenda and summit details, please visit our website. For further information, kindly visit


Mr. Sunil Tulsiani said, “We are truly elated to welcome an exceptional line-up of speakers for our 2nd season of ‘Growth Summit India.’ Our audience can expect profound insights into the Secrets of Financial Achievement, empowering them to apply the valuable takeaways from three days brimming with innovative strategies, industry wisdom, and transformative networking opportunities.”


About The Speakers:

Mr. Robert Kiyosaki: Renowned worldwide as an influential author and motivational speaker, Mr. Robert Kiyosaki stands as an eminent figure in the realm of personal finance. He is most celebrated for his global bestseller, "Rich Dad Poor Dad."

Mr. Aman Gupta: An enterprising Co-Founder of boAT, Mr. Aman Gupta excels in leadership development and personal growth expertise.


Mr. Sunil Tulsiani: Highly sought-after and celebrated in the realm of public speaking, Mr. Sunil Tulsiani is a distinguished real estate investor. His mastery lies in guiding individuals to amass wealth through real estate investments and entrepreneurial endeavors.


Mr. Robert Allen: A prominent speaker and bestselling author, Mr. Robert Allen specializes in real estate investment strategies. He has guided numerous individuals and aspiring investors in navigating the intricate landscape of real estate and achieving financial prosperity.

Sneh Desai: A highly acclaimed Life and Business Coach based in India, Sneh Desai boasts a remarkable 25-year career. Through his innovative coaching techniques, he has positively impacted 2.5 million individuals. His exceptional contributions have garnered recognition and praise from celebrities and major brands alike.


Ranveer Allahbadia: Widely recognized as "Beer Biceps," Ranveer Allahbadia is a prominent Indian YouTuber, entrepreneur, and Founder of the meditation-focused app, "level." His motivational content has inspired millions, urging them to embrace healthier lifestyles. Through his YouTube channel, BeerBiceps, he shares workout routines, nutrition advice, and his personal fitness journey.


Dev Gadhvi: An accomplished figure in personal development and motivation, Dev Gadhvi is passionate about empowering individuals to unlock their true potential. As a sought-after speaker, coach, and author, he has dedicated his career to helping people lead fulfilling lives.


Coach BSR: A respected and influential name in the coaching realm, Coach BSR is devoted to unleashing human potential and guiding individuals toward success. Renowned for transformative coaching methods, they have assisted countless individuals in surmounting obstacles, setting meaningful goals, and achieving their aspirations.


Dr. Sandeep Gupta: Known as Wealthy Sandeep, Dr. Sandeep Gupta brings over 15 years of experience from his roles in financial institutions such as Max Life, SBI Cards, ICICI Bank, Kotak Mahindra Bank, and Standard Chartered Bank. He founded Wealth Accelerator Hub in 2020, impacting more than 1 lakh people across India through his Financial Education Company.


Rahul Jain: A pioneer in introducing the concept of Business Coaching to India 19 years ago, Rahul Jain is the Founder and Director of Business Coaching India LLP. With over 25 years of hands-on experience in companies like TATA MOTORS and as a serial entrepreneur, he has coached over 21,000 business owners, helping them achieve the remarkable results of operating their businesses one day a week and doubling their profits annually.

LIC celebrates its remarkable -67th Anniversary with outstanding performance.

LIC, India’s leading life Insurance company, is pleased to announce its remarkable 67th anniversary, symbolizing decades of trust, integrity and excellence in the Insurance industry. As we reflect on our journey, we take immense pride in the outstanding performance showcased in the past. 

Sustained leadership position after twenty plus years of liberalization of insurance sector with 62.58% market share in First Year Premium Income in FY23.

Massive distribution network spread across India positioned for further growth.

LIC continues to play a strategic role in inculcating a culture of insurance and savings across India.

Total 27.74 crore policies being serviced by LIC as on 31st March 2023.

LIC has floated a Special Revival Campaign for lapsed policies with effect from 01.09.2023 for its valued policyholders.

With a legacy spanning over Six decades,  LIC has witnessed tremendous growth and emerged as a key player in the Indian Insurance Market,  catering to the diverse needs of millions of  policyholders, LIC continues to set new standards and offer innovative insurance solutions to  promote financial security and well being.

Beginning with an initial capital of Rs.5 crores in 1956, LIC as on 31st March 2023 has  Assets Under Management (AUM)  of Rs.43,97,205  Crores.  

Key Highlights for the Financial Year 2022-23 demonstrates LIC’s exemplary performance, solidifying its position as a market Leader.

The First-Year Premium income for 2022-23 was Rs 2,31,899.17 Crore and LIC sold 204.65 lacs new policies during the financial year. Its market share in policies was 71.76% while in terms of First-Year Premium Income it was 62.58%. This exceptional performance underlines the trust and confidence reposed by policyholders in the company’s offerings.

Through its 8 Zonal Offices, 113 Divisional Offices, 74 Customer Zones, 2048 Branch Offices, 1580 Satellite Offices, and 13.47 lakh agents, customers are assured of best services

In 2022-2023, LIC settled 225.51 lacs claims amounting to Rs 2,09,938.63  Crore.(Individual, IO, Micro & P&GS) It’s maturity claims paid ratio was 92.65 percent and death claim paid ratio was  98.60 percent. This milestone reinforces LIC’s commitment to providing timely and hassle free claim settlements, relieving the financial burdens faced by families during challenging times. LIC has benchmarked setting number of systems to provide immediate relief during unfortunate calamities.( Eg: Balasore Train Tragedy)

Our Pension and Group Superannuation Business vertical crossed the one trillion-mark successively for four years in a row by collecting Rs.1,73,259.86 Crore as New Business Premium Income.

 Many customer-centric initiatives and digital initiatives have been taken by LIC besides improving pricing and creating operational efficiencies.  

LIC Golden Jubilee Foundation(GJF), established in the year 2006, caters to the Community Development Initiative of the Corporation and works on a large variety of projects focusing on Relief of poverty or distress, Advancement of education etc. Since inception, GJF has sponsored 723 projects and amount disbursed to the tune of Rs. 198.11 Crore as on 31.03.2023.

Apart from being a leading Life Insurance Company, LIC is an internationally recognized financial conglomerate with its presence in fourteen countries. It has also ventured into other financial services through its Subsidiaries and Associates viz LIC HFL, LIC Pension Fund Ltd, LIC Mutual Fund Asset Management  Ltd, LIC Mutual Fund  Trustee Co Pvt Ltd,  LIC Cards Services Ltd, IDBI Bank Ltd. 

LIC received various awards and accolades during the year under review in areas of Customer Service, Claim Service, Training etc., including the awards for Most Trusted Brand in insurance. LIC also ranked 107th position in the Fortune Global 500 list published by in August 2023.

As  LIC celebrates its 67th anniversary, the Corporation remains dedicated to serving the diverse financial  needs of its policyholders and contributing to the nation’s economic growth. The constant pursuit of excellence, combined with a customer-first approach, has enabled LIC to become a prominent player in the insurance landscape.

We, express our gratitude to policyholders, Share-holders and employees for  their unwavering support and commitment throughout the years. LIC’s journey of 67 years in the insurance industry has been nothing short of extraordinary, We owe  our success  to the trust and confidence reposed in us by our loyal policyholders and  other Stakeholders.  As we step into the future, we remain committed to upholding our core values of integrity, reliability and customer-centricity. We rededicate ourselves to the welfare of our customers in true spirit of our moto “Yogakshemam Vahamyaham”  (Your Welfare is Our Responsibility).

Dated at Mumbai on 31st  August, 2023.  

Aeroflex Industries debuts at 83% premium; closes at 163 per share

Mumbai, August 31, 2023: Aeroflex Industries Limited (‘Aeroflex” or “the Company”) is a manufacturer of environment friendly Metallic Flexible Flow Solution products, catering to global markets and exporting its products to more than 80 countries including Europe, USA and others, generating more than 80% of its revenue from exports makes a strong debut at 83% premium on the exchanges to close over Rs 163 per share.

The scrip listed at Rs 197.40 per share on BSE, a premium of 82.78% and at Rs 190 per share on NSE, a premium of 75.93%. The company's share price closed at Rs 163.15 per share on the BSE, an 51.06% premium, and at Rs 163.60 per share on the NSE, an 51.48% premium.

As per NSE, the total quantity traded stood at 360.98 lakh shares, on BSE the total Quantity stood at 33.15 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 694.75 crore. 

The Market Capitalization of the Company at today’s closing price stood at Rs. 2109.86 Crore as per BSE and Rs. 2115.68 Crore as per NSE.

Aeroflex’s solutions find application in a wide spectrum of industries for controlled flow of all forms of substances including air, liquid and solid. The Company’s manufacturing facility and NABL accredited R&D lab are situated at Taloja, Navi Mumbai. The Company has filed its Draft Red Herring Prospectus (DRHP) with SEBI to raise about Rs. 350 crores through an Initial Public Offering (IPO).


Aeroflex is subsidiary of Sat Industries Limited which is also listed on BSE and NSE. Both Aeroflex and Sat Industries Limited have dividend payment history. Sat Industries Limited has track record of scaling up of multiple diverse businesses backed by acquisition led strategy.

Flexible flow solutions play a critical role in transfer of substances (air, liquid and solid) in any industrial or commercial ecosystem, connecting the origin and end points of various processes. The Company offers its products under more than 1,700 SKUs (Stock Keeping Units). The Company has recently developed products made of bronze as well and has a pipeline of more than 55 products as on date. Given the complexity of the research and product development, varying product applications, necessary technical expertise, precision involved, lengthy and stringent customer qualification processes, Aeroflex’s business model poses significant entry barriers (to new entrants) as well as exit barriers (to existing customers).

Wednesday, August 30, 2023

Hyderabad based Bondada Engineering’s SME IPO debuts at 90% premium

Mumbai, August 30, 2023: Hyderabad based infrastructure player Bondada Engineering Limited, engaged in the business of providing engineering, procurement and construction (“EPC”) services and operations and maintenance (“O&M”) services to its pan India customers operating in telecom and solar energy industry debuts on the exchanges at 90% premium.

The company's share price closed at Rs 149.62 per share on the BSE SME, a 99.49% premium.

As per BSE SME, the total quantity traded stood at 18.75 lakh shares. Total Turnover at BSE SME on Day 1 stood at Rs 27.50 crore. 

Mr. Raghavendra Rao Bondada, Chairman and Managing Director - Bondada Engineering Limited, said " I extend my heartfelt gratitude to each of you for your unwavering support and trust in Bondada Engineering. Your investments will be crucial in propelling our success, and we are deeply appreciative of the confidence you've shown in our vision. Your partnership fuels our drive for excellence, and we remain committed to delivering value and innovation. Thank you for being integral to our journey of achievements and growth."

The Market Capitalization of the Company at today’s closing price stood at Rs. 323.21 Crore as per BSE SME.

Bondada Engineering is a leading provider of core design, engineering, and O&M services for infrastructure projects. Their expertise, backed by a team of 550+ professionals, is evident from their successful track record. They received accolades, such as the "Telecom Infrastructure Services Provider" by the Economic Times in 2021 and "Company of the Year" by the Global India Business Forum in 2023.

The Company offers a wide range of passive telecom infrastructure services, including turnkey solutions for cell site construction, telecom tower operation and maintenance, optical fiber cable laying, power equipment supply, and more. With over 11,600 telecom towers and poles installed, they have shown significant progress, completing 7,700 installations in the last three fiscal years.

Bondada Engineering clocked a profit of Rs 18.25 crore in the financial year FY23 against Rs 10.13 crore in the previous year. Revenue during the year FY23 increased significantly to Rs 370.59 crore from Rs 334.11 crore in the previous year, an increase of 9.84%, primarily due to increase in revenue from EPC services, due to increased projects executed for solar sector.

Vivro Financial Services Private Limited is the Lead Manager and KFin Technologies Limited is the Registrar to the Issue. The Equity Shares are proposed to be listed on the SME Platform of BSE Limited (BSE SME).

Pro Govinda League to Unite Maharashtra in a Spectacular Celebration of Culture and Sports

Mumbai, August 29, 2023 

In a remarkable display of unity, culture, and sportsmanship, the Pro Govinda League is all set to kick off at the prestigious NSCI Dome Worli on August 31, 2023. This grand event, under the esteemed guidance of Chief Minister Shri Eknath Shinde, and with the unwavering support of Deputy Chief Minister Devendra Fadnavis and Deputy Chief Minister Ajit Pawar, promises to be a momentous occasion for the state of Maharashtra.

The Pro Govinda League has garnered substantial support from the Government of Maharashtra, the Sports Department, and the Maharashtra Industrial Development Corporation (MIDC). This collaborative effort has led to the participation of 14 teams representing Mumbai and Thane, all vying for the coveted championship title.

As a heartwarming gesture of inclusivity and solidarity, two exhibition matches have been organized - one for the women's group and another for the visually impaired group. These matches will showcase the true spirit of sportsmanship and determination.

Adding a vibrant cultural dimension to the event, captivating performances representing the rich culture and heritage of Maharashtra will be a special attraction for attendees. Anticipating a footfall of over 5000 enthusiastic Govindas and spectators, the organizers have ensured free access for all, making this event accessible to people from all walks of life.

Prominent figures from the political spectrum are expected to grace the event, including Shri Uday Samant, the Industries Minister of Maharashtra, and Sanjay Bansode, the Sports Minister. The Guardian Ministers of Mumbai, Shri Deepak Kesarkar and Mangal Prabhat Lodha, will also be present to witness this historic occasion. Furthermore, esteemed leaders, including MNS Chief Raj Thackeray and his son Amit Thackeray, have received invitations to partake in this celebration of unity and sportsmanship.

The Pro Govinda League is meticulously organized by the Dahi Handi Samanvay Samiti of Maharashtra and spearheaded by Shivsena Youth Leader Purvesh Sarnaik, whose visionary leadership has brought this concept to life. MLA Pratap Sarnaik, serving as Chief Advisor, played an instrumental role in making this event a reality through years of dedicated efforts and negotiations with the government.

In recognition of the exceptional talent and sportsmanship displayed, the league offers substantial prize money. The champion will be awarded a grand prize of 11 lacs, followed by 7 lacs for the runner-up, and 5 lacs and 3 lacs for the third and fourth-placed teams, respectively. Each participating team will receive an appreciation amount of 50,000. In addition, the women's and partially impaired teams will be awarded one lakh rupees each, demonstrating a commitment to inclusivity.

Purvesh Sarnaik, the League's Commissioner, shared these details, emphasizing the importance of fostering unity, sportsmanship, and preserving cultural heritage through events like the Pro Govinda League.

This event promises to be a remarkable celebration of culture, sports, and unity, bringing communities together under the banner of Govinda. We invite everyone to join us at the NSCI Dome Worli on August 31, 2023, for a day filled with excitement and camaraderie.

Purvesh Pratap Sarnaik 


Tuesday, August 29, 2023

FIDC Announces Appointment of Mr. Umesh Revankar as New Chairman


Assumes Chairmanship for a 2-year Term Commencing 23rd August, 2023

Mumbai, 28th August, 2023: The Finance Industry Development Council (FIDC), the representative body of asset and loan financing of the NBFCs in India, has appointed Mr. Umesh Revankar as its new Chairman. The managing committee elected Mr. Revankar unanimously in a meeting convened in Mumbai. He currently holds the position of Executive Vice Chairman for Shriram Finance Ltd., and brings with him decades of experience and expertise in the financial services industry. 

Mr. Umesh Revankar, the newly elected Chairman of FIDC, expressed his gratitude and enthusiasm for the opportunity. He stated, “It’s an honor to assume the role of Chairman at FIDC, an organization that plays a crucial role in shaping the financial services landscape of our country. I look forward to partnering with members and the community and contribute to the industry's growth and development during my tenure. FIDC’s commitment to fostering collaboration and innovation is something I deeply resonate with.”

With an illustrious career spanning over three and a half decades, Mr. Revankar has a distinguished career in the financial services industry. Joining as an executive trainee with Shriram Group in 1987, he has risen through the ranks, assuming various responsibilities and key leadership roles in business operations. During his tenure, he played a pivotal role in making Shriram Transport Finance Co. the largest commercial vehicle financer in India. He holds a Master of Business Administration (MBA) in finance from Mangalore University and has also attended an Advanced Management Program at Harvard Business School.

In addition to his contributions to Shriram Finance Ltd., Mr. Revankar serves as a Director for several companies within the Shriram Group, including Shriram Automall India Ltd., Shriram General Insurance Co. Ltd., and Shriram Life Insurance Co. Ltd. 

Now, with his election as Chairman of FIDC, Mr. Revankar is poised to lead the organization into a new era of growth and innovation. Assuming the chairmanship for a two-year term commencing on 23rd August, 2023, he brings a strong vision and a deep understanding of the financial services landscape to the role. Under the dynamic leadership of Mr. Revankar, FIDC is poised to spearhead growth and foster innovation within the organization.

Further, to strengthen Mr. Revankar's hands, Mr. Kamlesh Gandhi, CMD of MAS Financial Services Ltd., and Mr. K V Srinivasan, C E O and WTD, Profectus Capital Pvt. Ltd. will act as the Co-chairmen of FIDC. 

About FIDC:

Finance Industry Development Council (FIDC) is a Self-Regulatory Organization (SRO) cum Representative Body of the Non-Banking Finance Companies (NBFCs), registered with the Reserve Bank of India. FIDC was formed in 2004, and is the recognized face of NBFCs, especially those engaged in Assets and Loan financing. We have been engaged in regular interactions both with Reserve Bank of India and Govt. of India, which include pre-budget meetings and important policy related meetings with RBI. Almost all the leading NBFCs and many small and medium sized NBFCs are our members. Headquartered in Mumbai, FIDC is run by the strong Members of the Managing Committee comprising of the most active NBFC heads and the Director General Mr. MAHESH THAKKAR. FIDC has regional chapters and affiliated associations all over India.

ITC Foods introduces Aashirvaad Mithaas along with B Natural Beverage Range to celebrate Raksha Bandhan

National 29th August 2023: Raksha Bandhan, is a beautiful festival that celebrates the pure bond between siblings. Brothers and sisters pray for each other’s good health, well-being, and success. Showering each other with gifts on this occasion symbolises love and care they share. Gifting is an important part of the celebrations and brothers spend a lot of time, effort choosing the perfect gift for their sister and vice versa. To make the celebrations sweet and memorable, ITC Foods brands have introduced specially crafted traditional Indian sweets and delightful beverage range.

A box of sweets on a white background

Description automatically generatedITC Foods products are synonymous in every Indian household and is known for its quality and variety of products. On this special occasion, ITC Foods has launched Aashirvaad Mithaas, traditional Indian packaged sweets. Under the brand two variants of Peda – Sahi Peda and Kesar Peda  are available. For Rakhi a special gift pack of Assorted Pedas will available to consumers priced at MRP 349. Carefully crafted, these Pedas are soft, rich and infused with the goodness of milk. This also marks the  ITC Foods entry into the packaged sweets category.

A yellow box with a cartoon character on it

Description automatically generated

A red box with a gold design

Description automatically generatedITC Foods, B Natural juices are mostly made from fruits sourced from Indian farmers from across the country. They contain the goodness of real fruit pulp making them an ideal choice for gifting. B Natural's Festive Delight gift packs are an assortment of juices such as Alphonso from Ratnagiri, Mixed Fruit from Himalayas, apple, Guava etc that will make every moment of this cherished celebration even more special. They will be available in four different packs  – Grand Celebration Pack priced at MRP 430, Select Premium Pack  priced at MRP 340 and Chhota Bheem Kids Pack priced at MRP 160 and Coconut Water Gift Pack priced at MRP 360.


For those who love chocolate and any celebration is incomplete without it, the Sunfeast Dark Fantasy hamper will make the perfect gift. Filled with the magic of sun-baked rich crust cookie that enrobes the smooth chocolate, accompanied by a luscious, dense milkshake infused with authentic Belgian chocolate. Each hamper is priced at MRP. 260.


Aashirvaad Mithaas will be available for purchase on ITC Store and select stores in Delhi, NCR. While B Natural and Dark Fantasy will be avaiable at retail outlets across Delhi, Punjab and Chandigarh.


Sunday, August 27, 2023

Yuga Sports and Entertainment reveals logos of Pro Roll Ball league teams; player auction held ahead of exciting Season 1

Mumbai, 27th August 2023: Yuga Sports and Entertainment, one of the leading sporting companies in the country, has revealed the logos and jerseys of eight teams that will be participating in the much-anticipated Season 1 of Pro-Roll Ball—India’s Premier high-speed league. The logos and jerseys were revealed to the respective eight franchise owners of Pro Roll Ball league in an action-packed event at ITC Grand Central, Parel, Mumbai.

Pro Roll Ball is set to be the first-ever international league for the game of Roll Ball, an indigenous sport going global. Pertinent to mention here that international players from 17 countries will be participating in the adrenaline-packed 15-day action that will take place from November 20 to December 3, 2023.

A press conference was also held on the occasion, which was attended by the host of the event Siddharth Mehta, Founder and CEO of Yuga Sports and Entertainment.

During the exciting event, eight franchise owners walked up to a stage, wearing t-shirts with the logos of their respective teams. This was followed by an auction process later in the day, where teams bid for their preferred athletes. All state-level, national and international players who qualified for the Pro Roll Ball auctions were also present at the event, besides Coaches, Mentors and Managers who have qualified for the League.

The player auction process was divided into three categories: A, B, and C (International Players). Category A included players who have represented India in any international tournament within the last five years or have participated in three consecutive national tournaments during the same period. Category B consisted of players who have participated in three consecutive national tournaments within the last five years or attended any India team qualifying camp. The base prices for both categories were set at Rs. 1.5 lakh and Rs. 1 lakh, respectively.

The Asian Roll Ball Federation had nominated 34 players for auction for the first season of Pro Roll Ball League. On the other hand, the list of players from ‘C’ category (Foreign Players) include 38 players from countries like Iran, Belarus, Oman, Egypt, Kenya, Senegal, Poland, Sri Lanka, Saudi Arabia, England, Argentina, France, and Brazil. In total, 128 players were nominated for auction in all categories.

Speaking at the exhilarating showdown, Siddharth Mehta, Founder and CEO of Yuga Sports and Entertainment said, “This is a great beginning to a league sport which has been invented by an India. It is a proud moment for us as we take this sport to an international level while creating more awareness about the game. We aim to conduct this league around Asia, with two seasons in a year. We are also aiming to make one of the top three leagues to be played in the country. We all are excited for the final countdown in November, and I am grateful to all those who made this event a success.”

Yuga Sports and Entertainment has acquired the rights from the Asian Roll Ball Federation recently, making a significant milestone in the development of this high-octane sport. The league valuation is estimated to be over INR 180 crore currently, and Yuga Sports has a target of raising the property valuation to INR 1000+ crores in the next five years.

The next season of the Pro Roll Ball League is expected to take place in April-May 2024, and it will be broadcast live on television and various OTT platforms, allowing fans to immerse themselves in the thrilling matches from the comfort of their homes.

Invented by Raju Dabhade in Pune and played in over 60 countries, the indigenous sport of Roll Ball is a dynamic and exhilarating sport which combines the skills of roller skating and handball. Played by two teams, the game involves players dribbling, passing, and shooting the ball into the opponent’s goal post while on roller skates. The game tests both athleticism and strategy.

Each team will consist of ten talented players, with three international players being a mandatory inclusion. The base player price has been set at Rs. 1.5 lakh, ensuring a fair and competitive environment for all participants.

Saturday, August 26, 2023

Partnership of Life Insurance Corporation of India and Saraswat Cooperative Bank Ltd.

Life Insurance Corporation of India in its effort to increase the penetration of life insurance through Bancassurance channel has recently tied-up with Saraswat Cooperative Bank Ltd., a scheduled bank headquartered at Mumbai.  The Bank has a vast network of 294 Branches as at 31/03/2023 spread over 6 states and is catering to over 2 million customers. It has also got a distinction of being India’s largest Urban Cooperative Bank.

Citizens in general and customers of Saraswat Bank in particular will now have the opportunity of fulfilling their life insurance protection needs through the Bank itself by purchasing insurance products of LIC. Being the premier insurer of the country, LIC has plans for all segments of the society under its product basket of Annuity, ULIP, Term Insurance and Savings category. Recently LIC has launched a close ended Guaranteed Benefit plan “Dhan Vriddhi” which is available till 30th September, 2023 only, to persons of all age ranging from 90 days to 60 years.

Director Ram Kamal Mukherjee wins National Award for Ek Duaa.

The director bagged Special Mention by Jury at 69th National Films Award announcement in New Delhi. 

Internationally acclaimed filmmaker Ram Kamal Mukherjee won the coveted National Film Award for his short film Ek Duaa at the 69th National Film Award. Produced by Bollywood star Esha Deol, who also worked as lead cast in Mukherjee's film. "I am extremely happy to recieve this prestgious National Award for my film Ek Duaa. It was an overwhelming journey for me, and such recognition encourages me to work on subjects that I believe in," says Mukherjee, who is currently working on post production of his magum opus Binodiini Ekti Natir Upakhyan, and also writing screenplay for his next Draupadi. 

Ek Duaa deals with social ordeals and issues that are often faced by women. This is a subject that will make people think and probably change their mentality also. The film had fetched many International awards and finally the highest honour from the Government of India makes this film memorable. "I am blessed," says Esha Deol who produced the film. "When Ram Kamal narrated me the story, I was certain that I will make this film and this would be my first film as a producer." 

Ram Kamal who is currently working on two Bengali films in Kolkata says, "Phone has been ringing since the announcement. I am touched with the kind of congratulatory texts and voice messges I am receiving from Mumbai, Hyderabad and Kolkata. I am glad that jury members felt this film deserves special place amongst bigwig winners!"

Friday, August 25, 2023

Vishnu Prakash R Punglia Ltd IPO subscribed 10.63 times on Day 2

Initial Public Offering of Jodhpur-based Vishnu Prakash R Punglia Limited is an integrated Engineering, Procurement and Construction (“EPC”) company, which specializes in water supply projects (WSP) was subscribed 10.63 times on the second day of bidding.


The issue received bids of 23,30,69,850 shares against the offered 2,19,30,000 equity shares, at a price band of ₹94-99, according to the data available on the stock exchanges.


Non-Institutional Investors Portion was the most subscribed with 19.39 times, followed by Retail with 12.88 times. Employee Section was subscribed 5.69 times, whereas Qualified Institutional Buyer Portion was subscribed 0.35 times. The issue kicked off for subscription on Thursday, August 24, 2023 and will close on Monday, August 28, 2023.


A day prior to the opening of the issue, Vishnu Prakash R Punglia Ltd had raised Rs 91.77 crore from anchor investors. Foreign Investors and Domestic Institutions who participated in the anchor were Quant Mutual Fund, Kotak Mahindra Life Insurance Company Ltd, Max Life Insurance Company Limited, BNP Paribas, Copthall Mauritius Investment Limited, Milky Investment and Trading Company, Societe Generale and Minerva Emerging Opportunities Fund Limited.


Broking houses like Anand Rathi, Nirmal Bang, Geojit Financial Services, Reliance Securities, BP Wealth, Stoxbox, Hensex Securities, Indsec Securiries, Mehta Equities, Arihant Capital, Sushil Finance, Swastika Investmart have given a “SUBSCRIBE” rating to the issue.


Based on brokerage recommendations, analysts highlight “the company's strong foothold in integrated engineering, procurement, and construction (EPC) projects, particularly in the critical water supply segment, stands out. Backed by an impressive track record of successful project execution and consistent growth, the company boasts a robust order book of Rs 3,799.53 crore, ensuring revenue visibility and growth prospects. With its alignment to government initiatives for infrastructure development and attractively priced valuations, the IPO is seen as a compelling opportunity for investors, poised for medium to long-term profitability in the evolving infrastructure landscape.”


Choice Capital Advisors Private Limited and Pantomath Capital Advisors Private Limited are the book-running lead managers. Company’s equity shares are proposed to be listed on the BSE and NSE.


Company Information


Led by Promoter Vishnu Prakash Punglia, the EPC Company has a strong operational understanding with a consistent track record in carrying out infrastructure projects for over three decades.  It owns a fleet of about four hundred and ninety-nine construction equipment assets which includes including crushers, excavators, loaders, dozers, paver machines, ready mix concrete plants, concrete mixtures, cranes, tractors and transportation vehicles from some of the leading suppliers.


Its major activities include constructing, designing, building, implementing, operating, maintaining and developing Water Supply Projects (WSPs) including Water Treatment Plants (WTPs) along with pumping stations and laying of pipelines for supply of water, as well as other projects such as Roads, Bridges, Tunnels, Warehouses, Buildings, Railway Buildings including platforms, stations, quarters, administrative buildings, Rail-Over-Bridges and Waste Water Treatment Plants (WWTPs). It also undertakes operations and maintenance services.


The Company’s revenue from operations has increased from ₹4,857.31 million in financial year ended March 31, 2021 to ₹7,856.13 million in financial year ended March 31, 2022 and further to ₹11,684.04 million in financial year ended March 31, 2023 showcasing a CAGR of 55.1%, profit after tax stood at Rs 90.6 crore, whereas EBITDA margin stood at 13.7%.


The table below shows subscription data for all the categories of investors:



Last updated on
25 Aug 2023 | 05:00:00 PM



No.of shares offered / reserved

No. of shares bid for

No. of times of total meant for the category


Qualified Institutional Buyers (QIBs)





Foreign Institutional Investors (FIIs)





Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)





Mutual Funds










Non Institutional Investors(NIIS)





Non Institutional Investors(Bid amount of more than Ten Lakh Rupees)










Individuals (Other than RIIs)










Non Institutional Investors(Bid amount of more than Two Lakh Rupees and upto 10 lakh rupees)










Individuals (Other than RIIs)










Retail Individual Investors (RIIs)





Cut Off





Price Bids





Employee Reserved





Employee (Cut off)





Employee (Price)





Reservation PortionShareholder





RPS (Cut off)





RPS (Price)









Titan Eyecare's Quantum Leap: Strengthens its Presence in the Premium Category

National, August 25, 2023: Over the past few years, Titan Eye+ has dedicated itself to commemorating Independence Day with a tradition of innovation, unleashing groundbreaking products that have left an indelible mark on the industry. With a legacy of remarkable launches such as Neo Progressives, Clearsight Lenses, Ultima, and the first version of Eye X, they have consistently pushed the boundaries of excellence. 

This year Titan Eyecare division sets its sights on a future brimming with excellence, as they announce five marquee launches Zefr, Neo Sync Progressive lenses, DrivEZ lenses, Titan EyeX 2.0, Fastrack Vibes 2.0. These launches mark a significant milestone, underscoring the division's commitment to delivering world-class eyewear solutions that cater to the evolving needs of its discerning consumers.  

Taking this success further ahead, the eyecare division is now foraying into its premiumization journey with the launch of Zefr, a new brand offering meticulously crafted eyeglasses, engineered for luxury. This collection is aimed at consumers, who enjoy premium craftsmanship and lightweight designs. The products are made in France priced at INR 34,000 and above. To begin with, the Zefr range of eyeglasses will be available in select stores in Delhi, Bangalore, Mumbai, Lucknow, and Chennai.

In addition, Titan Eyecare has also launched 2 new lenses – DrivEZ and Neo Sync. DrivEZ aims to bridge the gap in the night driving lenses segment, showcasing Titan Eyecare's dedication to meeting customer needs with strategic solutions. Alongside, the company has introduced a fresh collection of progressive lenses called Neo Sync. With a price point of INR 25,000, these lenses seamlessly combine advanced technology with affordability, delivering an unmatched blend of comfort and superior visual clarity for eyewear enthusiasts.

Mr. Saumen Bhaumik, CEO of Eyecare at Titan Company, stated, "Our journey over the past 15 years has been characterized by an unwavering commitment to redefining the eyewear industry. We have straddled the marketplace by elevating quality standards. Every year, on independence day we celebrate it by charting our new product innovation story, and this year our focus has been premiumisation and innovation. The launch of Zefr, Neo Sync, DrivEZ and Gen 2 of our Smart Glasses exemplify our strategic approach to cater to the burgeoning demand in the frames and lenses category."

Titan, a pioneer in smart glasses is elevating its portfolio with the launch of Titan EyeX 2.0 and Fastrack Vibes 2.0 - a revolutionary leap in smart eyeglasses. These ingenious creations come equipped with the latest Bluetooth v5 and seamless integration with Google Assistant, and intuitive touch controls, offering a truly hands-free experience for calls, enjoying music, and effortless navigation. 

EyeX 2.0 comes with unmatched sound quality, comfortable fit with open ear speakers, touch controls, and health tracking app. It blends into pro, sports, and daily settings, with Bluetooth 5.3, high-res audio, water resistance, and one-week battery life. EyeX 2.0 elevates vision and audio experience. Fastrack Vibes comes with immersive open-ear sound. 360-degree clarity, extended 4-hour battery, and IPX4 water resistance for workouts and outdoor. 

The organized eyewear market in India continues to grow steadily and is now estimated to be valued at over 15,000 Crores. Titan Eyecare division takes this strategic move in response to the growing demand for premium & innovative eyewear, driven by evolving consumer preferences and purchasing behaviours.

About Titan Eye+: 

Titan Eye+ is India’s leading optical retail chain with over 920 stores across 400+ cities and towns. The brand is available online at

The Titan Eye+ stores host a variety of over 1000 frames and sunglasses from 40+ brands like Titan, Fastrack, RayBan, Vogue, Oakley, Tommy Hilfiger, and other premium brands like Cartier, Dior, among many others. Titan Eye+ stores offer a customized range of lenses for every prescription power and lifestyle need. Stylish frames start at INR 599, while high-quality lenses start at INR 399, making it the ultimate shopping destination for all budgets. Contact lenses from Bausch and Lomb, Alcon, and J&J are also available.