The biggest horror comedy franchise Stree2 drops their first song: ‘Aaj Ki Raat’ featuring Tamannaah Bhatia; Song out Now!

The highly anticipated and most loved horror-comedy Stree2 is all set to make a grand comeback this Independence Day. Following the frenzy from the trailer launch, the makers have now released the film’s first song, an electrifying dance track ‘Aaj Ki Raat.’ Featuring the stunning Tamannaah Bhatia, ‘Aaj Ki Raat’ is poised to become the next big hit on the dance floor. Basanti’s dance from Sholay made history, now Shama’s ready to make waves in Chanderi with her mesmerising moves.

Sung by Madhubanti Bagchi and composed by the dynamic duo Sachin-Jigar, ‘Aaj Ki Raat’ is a vibrant,  high-energy track that will make you want to hit the dance floor instantly. And with the incredible choreography by the talented Vijay Ganguly, this sensuous song is set to become the dance anthem of the year, following the viral success of ‘Oo Antava’.

Music composers Sachin-Jigar shared their excitement, "After Kamariya and Milegi Milegi created magic for Stree, we had to go all out for 'Aaj Ki Raat' to deliver a track that’s as fun and energetic. With Tamannaah's killer moves coupled with brilliant choreography, we believe this song is going to be a crowd favourite."

The visuals are stunning, the beats are infectious, and the vibe is electric. ‘Aaj Ki Raat’ is now available on Saregama Music's YouTube channel and all other favourite streaming apps. Don't miss out!

https://bit.ly/AajKiRaat_SongOut

Jio Studios and Dinesh Vijan present ‘Stree 2’ releasing this Independence Day, directed by Amar Kaushik, produced by Dinesh Vijan and Jyoti Deshpande, A Maddock Films Production. Stree 2 hits theatres on August 15th, 2024!

Arkade Developers celebrates 38 years of creating happy spaces, launches #FamilyFirst Campaign for Mumbaikars

Mumbai, 26th July 2024: In a novel and commendable initiative, Arkade Group, a prominent real estate developer in Mumbai, has unveiled its latest campaign titled "Family First." Rooted in their core values, this campaign seeks to highlight the profound inspiration families have provided to Arkade over the years. Since 1986, the company has consistently strived to create landmarks that foster the growth and prosperity of families.

The philosophy of "Family First" stems from the fundamental values that form the bedrock of a family and its unity. Through this campaign, Arkade places utmost importance on nurturing care, affection, bonding, happiness, and trust among its esteemed customer base of over 5000 individuals.

Conceptualized by Arkade, #FamilyFirst is a comprehensive campaign spanning radio, OOH, digital, among other platforms. Within the campaign, the brand has adopted an innovative approach by utilizing CGI to promote #FamilyFirst. The CGI video showcases the numeric '1' prominently displayed in strategic city locations, symbolizing Arkade's leadership and commitment to family values.

"Through this campaign, we aim to inspire not only the people of Mumbai but also our esteemed clients, partners, bankers, architects, and most importantly, all our dedicated team members to wholeheartedly embrace a 'Family First' approach. We recognize that while the world around us may undergo constant change, the fundamental elements of warmth, love, and family remain timeless. It is with this understanding that we remain steadfast in our commitment to prioritizing families and ensuring that every Arkade project embodies a joyful and serene living space. This campaign is a heartfelt tribute to Arkade's philosophy- Family First. We firmly believe in creating 'Happy Spaces for Happy Faces' that resonate with the desires and aspirations of every family member. This dedication has been instrumental in our remarkable growth over the past 38 years," expresses Mr. Amit Jain, CMD of Arkade Group.

The campaign is now live across online and offline platforms: 

Campaign Landing Page: http://arkadefamilyfirst.com/

LinkedIn:https://www.linkedin.com/posts/arkade-group_arkadegroup-familyfirst-familyvalues-activity-7221834351154515968-qX1A/

Instagram: https://www.instagram.com/reel/C9tmo3UOj8x/?igsh=MWlud3llOGVscnM0MA==

YouTube: https://www.youtube.com/watch?v=Lo3lMArPMG4&ab_channel=Arkade

CGI Video Link: https://www.instagram.com/reel/C94AdF5C1Vz/?igsh=eTE3NjRyZDUwdzZt

About Arkade Developers: Arkade is a leading real estate developer with a legacy spanning over three decades, renowned for crafting luxurious residential and commercial properties. Building quality homes is about passion more than profession. For over three decades, this has been the working philosophy with which Mr. Mangilal Jain and Mr. Amit Jain have led Arkade to become one of the most respected real estate companies in Mumbai. Under their able leadership, Arkade has come a long way, leaving behind footprints of excellence across the length and breadth of the city. Thanks to their futuristic vision, Arkade as a brand is today synonymous with Trust, Quality, Assurance, Ethics and Transparency. Every single residential or commercial property bearing the Arkade insignia is a fine specimen of the highest standards that transcends customer expectations consistently. For more info: https://arkade.in/

Event Management Company Mach Conferences and Events Limited files DRHP for SME IPO

Delhi-based Event Management Company Mach Conferences and Events Limited providing comprehensive array of services for MICE (Meeting, Incentives, Conferences, Exhibitions) and Events sector, has filed its draft red herring prospectus (DRHP) for its initial public offering (IPO) on the SME platform of BSE Limited (BSE SME).

The IPO, with a face value of Rs 10 per equity share, is a mix of fresh issue of up to 22.29 lakh equity shares and an offer of sale up to 33.39 lakh equity shares by Promoters. The offer also includes a reservation for a subscription by market makers in the market maker reservation portion.

The Offer for Sale includes sale of equity shares up to 30.04 lakh equity shares by Amit Bhatia, and up to 3.34 lakh equity shares by Laveena Bhatia.

The issue is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the net offer shall be available for allocation to non-institutional investors, and not less than 35% of the net offer shall be available for allocation to retail individual investors.

The proceeds from its fresh issuance to the extent of Rs 33.26 crore for meeting the working capital requirement and general corporate purpose.

Mach Conferences and Events Ltd were founded under the leadership of Amit Bhatia and Laveena Bhatia, specializing in conference management, exhibition management, and global event planning. The company handles all logistical aspects of events at various destinations, including venue selection, accommodation arrangements, transportation logistics, local activities, and on-site coordination. It has a team of MICE (Meetings, Incentives, Conferences, and Exhibitions) and Events professionals dedicated to attention to detail; continuous budget control, and boundless creativity, helping clients explore new venues and innovative ways to impress their attendees.

The company provides comprehensive services for corporate meetings, conferences, trade shows, and other gatherings, ensuring seamless planning, execution, and coordination, serving clients from the Banking, Finance, and Insurance sectors, it has also worked with various other industries including hospitality, infrastructure, and FMCG. Over the past three years, Mach Conferences and Events Ltd has successfully completed 90 events in locations such as London, Mussoorie, Bangalore, South Korea, Paris, Goa, Srinagar, and Singapore. The average revenue for each event in FY 2023-24 was ₹ 263.62 lakhs.

Currently, it focuses on B2B customers, the company plans to expand into the B2C segment with the launch of a travel portal, “BookMyYatra.com,” aiming to leverage its existing customer base and broaden its market reach. Additionally, the company is looking to diversify its services into religious tourism, recognizing the blend of spirituality, economic opportunity, and cultural stewardship that makes investing in this sector both a wise business decision and a meaningful contribution to India's tourism landscape.

Mach Conferences and Events Ltd has a presence in over 18 states and union territories, including Delhi, Maharashtra, Kolkata, Assam, Tamil Nadu, Jammu & Kashmir, Himachal Pradesh, Goa, and Rajasthan.

Mach Conference’s revenue from operations increased 67.92% to Rs 237.26 crore in fiscal 2024 from Rs 141.29 crore in fiscal 2023. Profit after tax increased more than two times to Rs 26.18 crore in fiscal 2024 from Rs 8.81 crore in fiscal 2023.

Beeline Capital Advisors Private Limited is the sole book running lead manager, and Skyline Financial Services Private Limited is the registrar of the issue.

Life Insurance Corporation of India hits a new life time high of Rs 1178.60

Friday, 26 July, 2024: State-run insurer Life Insurance Corporation of India (LIC) touched a new life time high of Rs 1178.60 on BSE.

 

Prior to this, on 9th February, 2024, the stock had hit its life time high of Rs 1175 a share.

Adding to the remarkable performance, year to date, the stock has given 38.61% return much higher than the benchmark index, Sensex and Nifty which have given a return of 11.24% and 12.86% respectively. 

Surging to a new all-time high in today's trade, the company's market capitalisation reached ₹7.34 lakh crore, securing its position as the eighth-largest listed company in India and the second foremost among government-listed PSU companies after State Bank of India.

Taking the stock's current market price of ₹1,171.40 apiece, the stock is trading 21.71% higher than its IPO price. 

To be added in the body copy to the journalist Additional Information: On the other hand, on a year to date basis, Private Life Insurers like HDFC Life Insurance Company Ltd rose 6.31%, ICICI Prudential Life Insurance Company Ltd rose 32.93% and SBI Life Insurance Company Ltd rose 18.66%.

10 years of Kick : "Jacqueline just proved how great of a dancer she is" Netizens still in awe of Jacqueliene Fernandez's dance for Jumme Ki Raat

Jacqueliene Fernandez is one actress who has always created magic on the screen with her blazing dance moves. Among many peppy dance numbers, one that is really etched in our hearts is 'Jumme Ki Raat' from 'Kick'. The way she set the dance floors on fire with her infectious energy made the song a compulsory party anthem. As the film has completed 10 years since its release, netizens are still going gaga as they reminisce about how fantastic a dancer Jacqueliene is. Here's how netizens are still raving about Jacqueliene in the 'Jumme Ki Raat' song.

"Jacqueline was on fire  wearing heels."

"Jacqueline just proved how great of a dancer she is."

"With heels flips and such ease moves! Just great. "

"Jacqueline Fernandez is a wonderful dancer ️and her dance moves are also flexible."

"Jacqueline Fernandez, this song is a very powerful song Inka record Koi Nahin Tod Sakta."

"She pulled off a split in heels so smoothly and carried on with her piece."

"Honestly, Jacqueline is a very talented dancer."

"Jacqueline is a real performer .The skills she danced here were out of the movie"

Rajputana Industries Limited IPO Opens On July 30, 2024

From Left to Right

1. Mr Piyush Sharma - Group Marketing Head

2. Mr Ashok Holani - Director at Holani Consaltant Pvt Ltd

3. Mr. Shaikh Nasim - Chairman of Rajputana Industries Limited

4. Mr Shaikh Sahil - President of Rajputana Industries Limited

● Total Issue Size – Up To 62,85,000 Equity Shares of ₹ 10 each

● Issue Size – ₹ 23.88 Crores (At Upper Band) 

● Price Band – ₹ 36 to ₹38 Per Share

● Lot Size – 3,000 Equity Shares

Mumbai, July 24, 2024 – Rajputana Industries Limited has emerged as a key player in the non-ferrous metal recycling sector, offering products made from Copper, Aluminium, Brass, and alloys, has announced its plan to go public with an Initial Public Offering (IPO) on July 30, 2024, aiming to raise ₹ 23.88 Crores, with shares to be listed on the NSE Emerge platform.

The issue size is Up To 62,85,000 equity shares at a face value of ₹ 10 each.

Equity Share Allocation

● QIB Anchor Portion – Up to 16,11,000 Equity Shares

● Qualified Institutional Buyers (QIB) – Up to 10,74,000 Equity Shares

● Non-Institutional Investors (NII) – Not less than 9,00,000 Equity Shares

● Retail Individual Investors (RII) – Not less than 20,10,000 Equity Shares

● Employee Reservation – Up to 30,000 Equity Shares

● Shera Energy Limited Shareholders Reservation – Up to 3,00,000 Equity Shares

● Market Maker – Up to 3,60,000 Equity Shares

The net proceeds from the Issue are set to be utilized primarily to Funding of Working Capital Requirement of the company, Purchasing a Grid Solar Power Generating System, and General Corporate Purposes. The bidding for the Anchor portion will open on July 29, 2024, the issue will open for subscription on July 30, 2024 and closes on August 01, 2024.   

                                                                                                                      

The Lead Manager to the Issue is Holani Consultants Private Limited, The Registrar to the Issue is Bigshare services Private Limited.

Mrs. Shivani Sheikh, Chairman and Managing Director of Rajputana Industries Limited Expressed, " "We are delighted to announce our upcoming IPO on NSE Emerge Platform. The proceeds from this issue will be strategically utilized to meet our working capital needs, invest in a Grid Solar Power Generating System for sustainable power generation, and address general corporate purposes.

This IPO milestone marks an exciting new chapter for Rajputana Industries Limited. We are confident that it will enable us to fund our working capital requirements and foster sustainable growth. Our investment in solar generation will not only reduce power costs but also benefit the environment. And this IPO will enhance our visibility among stakeholders."

Mr. Ashok Holani, Director & CEO of Holani Consultants Private Limited said, "Rajputana Industries excels in transforming scrap metal into premium products, specializing in copper, aluminum, brass, and alloys. With the non-ferrous metal recycling industry on a growth trajectory, Rajputana Industries has consistently expanded by leveraging market opportunities and in-house manufacturing capabilities. 

This IPO will enhance operational efficiency and support sustainable growth, solidifying Rajputana Industries' leadership in the sector."

About Rajputana Industries Limited:

Rajputana Industries Limited, initially Rajputana Industries Private Limited, was incorporated in 2011 and became a public company in May 2023. The Company manufacture non-ferrous metal products from recycled scrap, including Copper and Aluminium items. They are expanding into cable manufacturing for construction, with a new plant in our Sikar facility costing ₹ 5.88 Crores, funded by bank borrowings and internal accruals, construction is underway and the project is expected to be operational by September 2024, with a production capacity of 13,000 Kw.

In FY24, The Company achieved a Revenue of ₹ 32,650.56 Lakhs, EBITDA of ₹ 1,815.78 Lakhs, & PAT of ₹ 512.64 Lakhs

Disclaimer: 

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Get Ready for Smoothness and Comfort with the Kai Bikini Razor

Mumbai: KAI India, a leading name in personal grooming solutions, offers Kai Bikini Razor for Women, perfect for bidding farewell to the discomfort of waxing and embracing a new era of pain-free, effortless shaving. This lightweight and small razor are designed to effortlessly navigate every contour in the sensitive bikini area, providing unparalleled ease and comfort. KAI India is the Indian subsidiary of Japan's leading brand KAI, with over a 115-year legacy in crafting exceptional products.

Kai's Bikini Razor is designed for the female body, using Japanese precision for achieving a flawless bikini line without cuts, nicks, or irritation. Its compact and lightweight design allows for easy navigation over the sensitive curves of the bikini area, ensuring a smooth and comfortable shaving experience. What makes the Kai Bikini Razor stand out is its small head aimed at providing optimal results. With a hair-lifting baffle under the blade, this razor lifts hair without pulling, ensuring a clean and easy shave. The inclusion of an Aloe Vera Moisture Pad adds lubrication, reducing irritation and preventing redness and bumps, leaving your skin feeling soft and supple. The razor's blade is treated with PTFE technology for rust resistance and durability and is protected by a safety guard to avoid skin damage, ensuring a gentle shave with every time.

"The Kai Bikini Razor for Women is a testament to our commitment to providing comfortable personal care solutions. We recognize the importance of a pain-free grooming experience, especially during the summer season when skin tends to be more sensitive and there's more skin exposure. The Kai Bikini Razor ensures a seamless shaving experience, delivering a perfectly smooth bikini line with minimal effort," said Mr. Hitesh Singla, Marketing Head, Kai India.

Featuring a compact design and a slender handle for added convenience, the Kai Bikini Razor is both user-friendly and economically priced. Kai Bikini Razor can be purchased on www.kaiindiaonline.com and major e-commerce platforms, ensuring a grooming worry-free summer at a discounted price of Rs 199/- only. Get ready for a Summer of smoothness and comfort with the Kai Bikini Razor – your reliable partner for effortless grooming and achieving a flawless bikini line!

Streax Professional unveils the SPECTRUM Collection at its MEGA SHOW 2024 in Mumbai

 

~ With its 5th edition, the brand reaffirms its commitment towards educating salonists and beauty professionals ~

Mumbai, 22nd July, 2024 - Streax Professional, a trendsetter in professional hair care, dazzled at the 5th edition of its MEGA SHOW 2024 in Mumbai, celebrating creativity and skill in the salon industry. Held at The Lalit on July 22, 2024, this one-day extravaganza showcased cutting-edge techniques and trend-setting styles.

The MEGA SHOW 2024 was an immersive experience, providing a dynamic platform for cut, color, and style enthusiasts. The event showcased six extraordinary looks from Streax Professional’s highly anticipated SPECTRUM collection, captivating the audience with its vibrant and versatile themes. Designed to educate and inspire, the event highlighted Streax Professional’s unwavering commitment to enhancing the skills and knowledge of salon partners. It emphasized the brand’s position as a fashion-forward authority in the beauty industry. With hands-on sessions and interactive demonstrations, the event underscored the significance of education, empowering salon professionals with cutting-edge techniques and trends.

Reflecting on the event's success Rochelle Chhabra, Head at Streax Professional, said, "At Streax Professional, we view education as the cornerstone of our industry. Our flagship event, the MEGA SHOW, is dedicated to equipping the salon community with cutting-edge knowledge and skills. This premier platform provides in-depth training on the latest international trends and advanced techniques, ensuring our professionals remain at the forefront of hair fashion while celebrating exceptional talent within our community. Our focus on education ensures that international trends are translated into practical, actionable techniques for our salon community. By providing in-depth training, we help salonists adapt these global trends to their own practices, enhancing their creativity and skills.

She further added, “The 5th edition of the MEGA SHOW proudly unveils the groundbreaking SPECTRUM Collection. Building on the success of past collections like Retro Remix, Marigold, Mercurial, and Kaleidoscope, SPECTRUM showcases a stunning range of vibrant, sophisticated, and transformative colors. This collection is not just about introducing new shades; it represents our commitment to innovation and creativity, embodying individuality, confidence, and style.

Priyanka Puri, Senior Vice President, Marketing at Streax Professional, added, "Streax Professional is a trendsetter in the industry, consistently capitalizing the latest international styles. Our unique edge lies in our deep understanding of Indian hair, enabling us to adapt global trends to suit Indian hair and skin tones.

The Streax Professional MEGA SHOW series exemplifies our dedication to the salon community by showcasing the latest trends and techniques. This year, we are thrilled to introduce the SPECTRUM Collection, featuring innovative products such as Funky Colors in Blue, Green, Yellow, and Orange. Additionally, we have launched our new range of Argan Secrets Hair Color - High Lift Shades.  Each look is designed to push boundaries and reflect evolving fashion and consumer preferences. Starting in Mumbai and expanding nationwide, our goal is to inspire and engage hair stylists and salons across India with our vibrant, high-quality offerings."

 

Vipul Chudasama, Creative Director at Streax Professional, emphasized, “The SPECTRUM collection showcased at MEGA SHOW 2024 embodies the essence of modern beauty, blending innovation with artistry. It’s inspiring to see our salon partners embrace these looks with such enthusiasm and creativity.”

Following the triumph in Mumbai, Streax Professional is excited to bring MEGA SHOW 2024 to other major cities, including Delhi, Ahmedabad, Guwahati, Kolkata, and Chandigarh. Each event promises to deliver an unparalleled experience of learning and inspiration, fostering a community of highly skilled and fashion-forward salon professionals.

The MEGA SHOW 2024 will take place in the following cities:

• Delhi: August 6, 2024 

• Ahmedabad: August 13, 2024 

• Guwahati: August 27, 2024 

• Kolkata: September 3, 2024

• Chandigarh: September 10, 2024 

*** End of press release ***

About Streax Professional

Streax Professional – a brand closely associated with style and glamour in the salon business- was launched in 2004 by Hygienic Research Institute. Streax Professional is the smart choice for smart Indian stylists and consumers. Launching innovative products with well-researched formulations, especially suited to Indian hair types, Streax Professional is the forerunner in the professional segment with the widest distribution network. Streax Professional Hair colourant range (Colour, Developer and Ultralights) is on a continuous growth path and has a partnership with over 40000 salons in India and abroad.

About Hygienic Research Institute

Hygienic Research Institute Private Limited (HRIPL) is a prominent Indian leader in beauty and personal care products, specializing in hair care, skin care, and salon services. With over 60 years of legacy since 1957, HRIPL has grown from a single-brand promoter-owned entity to a multi-brand, multi-category organization backed by private equity and is known for brands like Vasmol, Streax, and Streax Professional, along with Florozone in skin care. Committed to quality, innovation, and customer satisfaction, HRIPL operates with a vision to offer excellent products and services globally while fostering growth and spreading happiness. The company boasts a robust manufacturing legacy across six locations, adhering to international quality standards. HRIPL is honored with accolades such as Great Place to Work, Best Workplace for Innovation, and recognition in the FMCG sector, underscoring its commitment to excellence in workplace culture and innovation.

Steadview Capital, ValueQuest, and Evolvence India Invest Rs 250 Crore in IPO-Bound Unimech Aerospace

Mumbai/ Bengaluru July 24, 2024: Bengaluru-based Unimech Aerospace has successfully raised Rs 250 crore from prominent investors Steadview Capital Mauritius Limited, ValueQuest Scale Fund, and Evolvence India Fund IV Ltd at a post-money valuation of Rs 3,250 crores, as a part of the Company's private placement round. Anand Rathi Advisors provided advisory services for this transaction.

Unimech Aerospace specializes in manufacturing of high precision tooling for aero-engines and airframes, along with complex high precision components, assemblies, and electro-mechanical turnkey systems for the aerospace, defence, energy, and semiconductor industries. Their advanced capabilities and commitment to quality make them a trusted partner for some of the global OEMs and Tier 1s in the industry.

Reflecting on the fundraise and its utilization, Anil Puthan, Chairman and Managing Director of Unimech Aerospace, said, "From our humble start in 2016 as a bootstrapped team of five, we've grown to over INR 200 crore in revenue with 380 employees for FY 2023-24, all without external funding. Welcoming this first round of private placement fills us with gratitude and a profound sense of responsibility. This investment will enable us to pursue both organic and inorganic growth, enhancing our Build to Print and Build to Spec solutions.”

Anil Puthan, further added," We are delighted to announce this private placement round and grateful for the support of our investors. Beyond financial support, this investment brings invaluable intellectual capital. By leveraging our investors' expertise in private and public equity, we aim to strengthen our strategies and operations. This milestone underscores our unwavering commitment to transparency, governance, and shareholder value. The funds raised from this investment will bolster Unimech's expansion efforts and strategic objectives.”

Pushkar Jauhari, MD & Head – Private Equity at ValueQuest said "We are happy to partner with Unimech. Led by capable founders, with focus on quality, strong financial metrics, and a culture of learning, we believe in Unimech’s long-term success and look forward to this partnership.”

 

Abhishek Chandra, Managing Director at Evolvence India, said, "We believe in Unimech's efficient, high-value manufacturing model. We trust the vision of the founding team, and their complementary skill set and deep domain knowledge, to fuel exponential growth. We are excited to partner with them on this journey."

 

Puneet Kumar, Managing Director at Steadview, said, “We are excited to partner with Unimech. Unimech showcases India's rise in global manufacturing with their technical expertise and ambitious yet prudent approach. The founders' journey represents a new generation of Indian entrepreneurs who combine bold ambitions with prudent business building. We believe Unimech is on a strong growth path as India secures its place in global manufacturing.”

Unimech Aerospace, looks forward to the opportunities ahead as it enters this next phase of growth, guided by its dedication to precision and innovation in the domestic and international aerospace, defense, energy and semiconductor industries.

About Unimech Aerospace

Unimech Aerospace is a key link in the global supply chain and provides high precision engineering solutions, focusing on complex manufacturing, machining, and custom product development across industries such as aerospace, energy, defense, and semiconductors. Key clients include top aerospace, energy, defence and semiconductor OEMs. With diverse capabilities, Unimech Aerospace has also established itself as an export-oriented company with a robust presence in the USA, Europe, and the United Kingdom.

 

About Anand Rathi Advisors Ltd

Anand Rathi Advisors Limited is a full-service investment bank focusing on India’s consumption story. Its services include fund raising through Private Equity, Initial Public Offerings, Qualified Institutional Placements (QIPs), Rights Issuance, Mezzanine Funding / Structured Financing solutions, and corporate advisory services including PE, M&A, buybacks, delisting, open offers, among others.

 

About ValueQuest

Founded in 2010, ValueQuest is a leading alternate investment firm with AUM of ~ INR 150 bn deployed in India across a range of public and private market portfolio strategies. ValueQuest S.C.A.L.E. Fund is a Category II Alternative Investment Fund registered with SEBI.

 

About Evolvence India

Evolvence India (EIF) is an investment management platform focused on private markets in India. The firm has a track record that spans over 17 years across multiple funds and more than $800 million invested in early to late-stage companies.

 

About Steadview

Steadview is a global investment firm with a strong focus on India, managing $2.7 billion in AUM. It has backed some of India's leading companies, including Astral, Dixon, Lenskart, Nykaa, Dream11, and Policybazaar.

 

Disclaimer:

Unimech Aerospace and Manufacturing Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an initial public offering of its equity shares in the near future and is in the process of filing a draft red herring prospectus with the Securities and Exchange Board of India.

Quote by Rushabh Gandhi, MD & CEO at IndiaFirst Life Insurance

Budget Reaction | 2024

This Union Budget is aimed at enhancing employment, skill development, MSMEs, and the welfare of the middle class. By raising the standard deduction and adjusting tax slabs, taxpayers under the new regime will face lower tax burdens, thus improving their disposable income, which bodes well for consumer spending.

 

The introduction of a clause pertaining to non-deductible expenses in Section 37 for life insurance companies may lead to tax litigation. The proposed hike in Capital Gain Tax is expected to impact the tax liabilities for ULIP policyholders. However, the ULIP holders purchasing policies with premium of less than 2.5 lakh p.a. can continue to avail benefits under Section 10 (10D) and are not liable to pay any tax on maturity.

 

The decrease in TDS rate from 5% to 2% on policy payouts is anticipated to boost customers' liquidity, which is a welcome move

 

Budget Reaction quote by Gyanesh Chaudhary, Chairman & Managing Director of Vikram Solar.

Budget reaction Quote 2024

"The Union Budget 2024 has positioned India as a frontrunner in the global solar energy landscape. By allocating a substantial Rs. 7,327 crore for solar projects and introducing initiatives like the PM Surya Ghar Muft Bijli Yojana, which aims to provide free electricity to one crore households, the government has demonstrated a strong commitment to clean energy. This budget is a catalyst for the growth of the Indian solar industry, empowering millions of households with access to affordable and clean electricity. Moreover, by supporting ancillary sectors like pump storage and creating a conducive environment for innovation through tax incentives for solar cell and panel manufacturing, the budget has laid a robust foundation for India's energy transition." - Mr Gyanesh Chaudhary, CMD, Vikram Solar Limited.  

Exercise, Healthy Diet & Ample Sleep will guard your brain

Genetics, stress and complex lifestyle causes brain diseases in India  

Mumbai- The World Neurology Federation celebrates World Brain Day every year on 22 July to raise awareness about neurological disorders and promote a healthy brain across the world. World Brain Day also known as World Federation of Neurology Day. On this occasion Apex Superspeciality Hospitals has conducted an awareness workshop for their nursing staff and patient’s relatives. Brain is the most important part of our body. It is very important to remain brain healthy. In today's time, most people are suffering from brain related diseases. Therefore, World Brain Day is celebrated every year on 22 July so that people can be made aware of brain health and neurological diseases can be prevented.

Giving more information about this, Dr. Vivek Patel Neurosurgeon from Apex group of Hospitals from Borivali says, “In the past three decades, most studies in India have shown a high disease burden for specific diseases including stroke, epilepsy, headache, Parkinson's disease, and dementia mostly reported for the urban Indian population. The brain is the most important organ of the body. It helps control our heartbeat, all body systems and emotions. Therefore, it is important that we all pay special attention to keeping our brain healthy. The brain works 24 hours a day, even when you sleep, it controls your entire nervous system and sends signals and instructions from one part of the body to another. It's true that diet plays an important role when it comes to your overall mental health and cognitive abilities. However, even small changes in lifestyle can go a long way in ensuring better brain health. A healthy daily routine also helps prevent age-related memory loss and cognitive decline. For this, get enough sleep, stay hydrated, exercise regularly and keep taking measures to keep stress levels under control.”

Dr. Vivek Patel Neurosurgeon from Apex group of Hospitals further added, Physical activity also proven effective in strengthening the brain. 30 minutes of physical activity daily stimulates the heart rate, which also benefits brain cells. It is very important to get complete sleep every day. Lack of sleep proves to weaken the brain. In such a situation, it is mandatory to take 7 to 9 hours of sleep. By getting full sleep, energy remains in the body, health remains good and it also helps in improving memory. Keeping up strong social ties has a big impact on mental health. Social connections improve emotional health and cognitive function. Chronic stress can negatively affect the brain, leading to problems with memory and cognitive function. Effective stress management techniques can help protect brain health. Practices like mindfulness meditation can reduce stress and improve focus and cognitive flexibility. 

Apex Group of Hospitals is a chain of Hospitals managed and run by expert Medical Professionals with experience of 25 years. Currently Apex group of Hospitals manage more than 350+ beds and provide qualitative healthcare services to the people of Mumbai and surrounding areas. Apex Hospitals is located in Borivali, Kandivali & Mulund.

www.apexgroupofhospitals.com

MEDIA RSVP

Priti/Umesh 9820332515 

 

 Dr. Vivek Patel 

ARAI certifies Škoda Auto India vehicles E20 compliant

Among the first few OEMs to receive E20 certification from an official body

• The 1.0 TSI manual and automatic have earned the certification

• The 1.5 TSI is undergoing tests; to earn certification by Q4 2024

• E20’s 20% ethanol to 80% petrol blend allows efficiencies in emissions, sustainability and circular economy

Mumbai, July 23, 2024 – 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 centre 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 are 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 litre 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. 

Further information

Škoda Auto India

Saurabh Dedhia

Product and Brand Communications 

T - +91 22 3313 7046

saurabh.dedhia@skoda-auto.co.in 

MSL India 

Ankit Daswani

Group Head

T - +91 9833559433

ankit.daswani@mslgroup.com

Škoda Auto

› is successfully steering through the new decade with the Next Level – Škoda Strategy 2030. 

› aims to be one of the five best-selling brands in Europe by 2030 with an attractive line-up in the entry-level segments and additional e-models.

› effectively leverages existing potential in important growth markets such as India, North Africa, Vietnam and the ASEAN region.

› currently offers its customers eleven passenger-car series: the Fabia, Scala, Octavia and Superb as well as the Kamiq, Karoq, Kodiaq, Enyaq, Enyaq Coupé, Slavia and Kushaq.

› delivered over 866,000 vehicles to customers around the world in 2023.

› has been a member of the Volkswagen Group for 30 years. The Volkswagen Group is one of the most successful vehicle manufacturers in the world. 

› is part of the Brand Group CORE – the organisational merger of the Volkswagen Group's volume brands –  to achieve joint growth and to significantly increase the overall efficiency of the five volume brands

› independently manufactures and develops components such as MEB battery systems, engines and transmissions as part of the Volkswagen Group; these components are also used in vehicles of other Group brands.

› operates at three sites in the Czech Republic; has additional production capacity in China, Slovakia and India primarily through Group partnerships, as well as in Ukraine with a local partner.

› employs approximately 40,000 people globally and is active in around 100 markets.

Škoda Auto India 

› fascinating customers in India since 2001. 

› offers 3 models in India – Slavia, Kushaq and Kodiaq

› present in more than 150 cities across the country with over 260 customer touchpoints 

› Achieved 100,000 sales over the last two years – the shortest time the company has achieved this milestone in the country

Škoda Auto India website - www.škoda-auto.co.in

Škoda Auto India Communications X Handle - @SkodaIndia_PR

Union Budget reaction quote by Mr. Gopal Kabra-Founder & MD- GK Energy

“The budget can be termed as progressive aimed at bolstering the solar sector's growth and sustainability and we welcome the budget proposals. The government's commitment to increasing investment in renewable energy was evident through significant allocations for solar infrastructure development, and energy storage solutions. Notably, the custom duty exemption on capital goods for solar cells and panels stands out as a pivotal move. This exemption is expected to lower production costs, making solar energy more affordable and accessible. More than 1.3 Cr registrations and more than 14 lakhs applications under PM Suryaghar initiative is poised to accelerate rooftop solar installations, enhancing energy security and supporting the energy transition. Additionally, the establishment of a carbon market will incentivize reduced emissions, aligning with India's climate goals. These initiatives collectively reflect a forward-looking vision for a sustainable and self-reliant solar ecosystem in India.”

 

BFSI - Navigating Growth and Risk’: CareEdge Ratings hosted “Conversations”, its annual event

 Regulated entities need to assess the reliability, security and regulatory compliance of the third parties to ensure that they meet the required standards: Shri M Rajeshwar Rao, Deputy Governor, Reserve Bank of India (RBI) at CareEdge Ratings event

- Calls for more diversification in third-party and digital outsourcing fintech ecosystem in BFSI sector

- Urges all the regulated entities to treat the customer complaint with due gravitas and use it as a feedback mechanism

Mumbai, 22nd July 2024: Addressing the CareEdge Ratings “Conversations” conference in Mumbai, Shri M Rajeshwar Rao, Deputy Governor, Reserve Bank of India (RBI) called for the regulated entities to assess the reliability, security and regulatory compliance of the third parties to ensure that they meet the required standards.

In his Keynote address at the CareEdge Conference, Shri Rao highlighted that considering that the third-party dependencies and digital outsourcing have become integral to the operations of the financial services entities, the need is to enhance efficiency to reduce costs and improve customer experience. However, the third-party dependencies can also pose certain risks and challenges. 

He called for the third-party fintech and digital outsourcing entities to ensure that robust cyber security measures are deployed by the service providers to safeguard against any cyber-attack threats. He also stressed on the need of vendor diversification, in order to avoid dependency risks and offer more flexibility for adapting changing market conditions or technological advancements. 

He highlighted on the need for fostering growth and ensuring consumer protection, in order to sustain this transformation and an enduring commitment to safeguarding financial stability. He mentioned that there is a need for huge set of financial resources, people resources, technological resources, and skill sets, to enable a robust and sustainable growth. He also spoke on improvement in response time to customer queries and complaints. He urged all the regulated entities to treat the customer complaint with due gravitas and use it as a feedback mechanism.

Shri. Mehul Pandya, MD & Group CEO of CareEdge Ratings said “Business growth should not come at the expense of taking on unacceptable business risks. Indeed, providing financial stability to the system is a prerequisite to sustainable growth that requires attention at the level of individual institution and a clear perspective on systemic risks which could lead to a better understanding of the web of connectedness between the players in the financial landscape.”

“The Indian banking sector is in an overall good health as reflected by the sustained improvement in asset quality, profitability and capital buffers. At the same time, a notable trend is the rising share of the personal and the services sectors in the banking credit, which is a significant transition from the infra heavy exposures to granular and diversified book over the years. The NBFC sector also continues to improve, with its cumulative growth expected to reach the pre-pandemic level soon”, added Mehul Pandya.

CareEdge Ratings successfully hosted “Conversations”, its annual event on the topic ‘BFSI - Navigating Growth and Risk’.  The event featured distinguished thought leaders and industry experts from Banking & Financial Services Industry. Shri M Rajeshwar Rao, Deputy Governor, Reserve Bank of India (RBI) graced the event as the Chief Guest, presented the keynote speech. A panel discussion on the topic ‘Is banking system equipped to finance India’s growth?’ featuring Shri Ashwini Kumar Tewari , MD, State Bank of India, Shri Rajneesh Karnatak Managing Director & CEO, Bank of India, Shri Samuel Joseph, Deputy Managing Director, National Bank for Financing Infrastructure & Development (NaBFID) & Shri Kaushik Shaparia CEO Emerging Asia & India, Deutsche Bank as the panellist. While, a panel on the topic 'Navigating growth admist regulatory changes' was discussed by Shri Rajiv Sabharwal Managing Director & CEO, Tata Capital Ltd, Shri Virender Pankaj CEO, Aseem Infrastructure Finance Limited, Shri Jairam Sridharan Managing Director, Piramal Capital & Housing Finance Ltd (Piramal Finance) and Shri Niren Shah Managing Director & Head, Norwest India.

 

About CareEdge:

CareEdge is a knowledge-based analytical group offering services in Credit Ratings, Analytics, Consulting and Sustainability. Established in 1993, the parent company CARE Ratings Ltd (CareEdge Ratings) is India’s second-largest rating agency, with a credible track record of rating companies across diverse sectors and holding leadership positions in high-growth sectors such as BFSI and Infra. The wholly[1]owned subsidiaries of CareEdge Ratings are (I) CARE Analytics & Advisory Private Ltd previously known as CARE Risk Solutions Pvt Ltd, (II) CARE ESG Ratings Ltd, previously known as CARE Advisory Research and Training Ltd and (III) CareEdge Global IFSC Ltd. CareEdge Ratings’ other international subsidiary entities include CARE Ratings (Africa) Private Ltd in Mauritius, CARE Ratings South Africa (Pty) Ltd, and CARE Ratings Nepal Ltd.

9th Brahmaputra Valley Film Festival Invites Entries from Across India Entries for both Competitive and Non-Competitive categories are open

 Mumbai, July 22, 2024: The Brahmaputra Valley Film Festival, Northeast India’s most renowned film extravaganza, has returned and will be held for a ninth time. The eagerly awaited film festival, as part of the countdown, invites entries from across the country in both the competitive and non-competitive categories.

 

The deadline for filmmakers to send in their entries for the 9th Brahmaputra Valley Film Festival (BVFF), is September 30, 2024. Akin to previous editions, the 9th BVFF will be held in Guwahati.

 

Organised by Tattva Creations and Brahmaputra Foundation, BVFF has emerged as a destination for cinema lovers, combining both untold stories and finesse to create an enriching experience for all attendees. A melting pot of creativity and meaningful cinema, BVFF has enriched the cultural landscape of cinema in the region and has consistently witnessed an average of 25,000 visitors per edition.

 

Apart from showcasing the best of Indian independent cinema, BVFF has been involved in skilling and empowering youth through workshops, masterclasses, activities, and industry apprenticeships and opportunities and has been recognised as one of the best platforms for learning and networking for budding filmmakers.

 

The previous edition witnessed a collaboration between BVFF and popular OTT streaming platform - Amazon Prime, providing independent and budding filmmakers with a wonderful opportunity to present their ideas, work and talent at a national and international level, opening up many potential avenues for these elite creators.

 

Tanushree Hazarika, Festival Director of Brahmaputra Valley Film Festival says, “We’re back for a ninth edition and it promises to be more vibrant and bigger than ever before. The support we have received from the BVFF community with our 8th edition - the first post covid, reaffirms our faith in the vision we have of providing a platform for India’s best storytellers who craft meaningful cinema. BVFF is more than a film festival; it’s a platform to showcase the culture, creativity and talent of the entire North-east and bring talented individuals from the world of media and entertainment closer home to share their stories, experiences and knowledge”.

 

There are a host of activities for attendees to look forward to. Apart from the screenings, visitors can also participate in engaging workshops, panel discussions involving stalwarts of the industry, and fun mini-events, designed to provide each participant with a holistic experience that stays with them for a long time.

 

Veteran actor Boman Irani spoke affectionately about the festival and its importance. “I look forward to visiting the festival again. I am enthusiastic about the recognition that the BVFF helps bring to the most talented film-makers from the North-East. It truly embodies inclusivity and fosters a spirit of open dialogue,” he said.

 

Director, producer and actor Prakash Jha was upbeat about the upcoming edition of the BVFF. “This film festival takes great efforts to popularise the best films from in and around the North-east. BVFF is a great ambassador for Indian cinema because of the way it amalgamates creativity and a comprehensive outlook through the lens of creativity and talent promotion,” he exclaimed

 

Writer-director Krishna DK was effusive in his praise for the festival. “The efforts taken by the organisers in getting every minute detail right, enables every movie maker to showcase their talent on a grand scale. The fact that the festival is entering its ninth edition is proof enough that it has created a significant difference in the attitude towards regional and budding film-makers.”

 

Noted luminaries from the film industry including Farhan Akhtar, Zoya Akhtar, Rajkumar Hirani, Gauri Shinde, Shakun Batra, Amar Kaushik, Vishal Bharadwaj, Nagesh Kukunoor, Abhishek Chaubey, Rajkumar Rao among many others, have been a part of the BVFF and have remained attached in spirit to the festival, acting as guiding lights and encouraging everyone associated with the home-grown film festival.

 

REC commits Rs. 10 Cr for Mobile Medical Units under its flagship initiative - Doctor Aapke Dwaar

Gurugram, 18 July, 2024: REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has signed a Memorandum of Agreement with the Indian Red Cross Society in the presence of Shri Vivek Kumar Dewangan, Chairman and Managing Director; Shri VK Singh, Director (Projects); Shri Harsh Baweja, Director (Finance) and other senior officials of REC. The agreement includes a financial commitment of Rs. 10 Cr for the procurement and deployment of nine Mobile Medical Units (MMUs) and covers related operational expenditures for three years. The initiative aims to bring primary health services to the doorsteps of the deprived sections of society across various districts in Punjab and Rajasthan.

The Mobile Medical Units will serve as a lifeline for remote and underserved areas, providing essential medical care to individuals who might otherwise lack access to such services. In addition, REC Foundation is currently operating 10 Mobile Health Clinics under the 'Doctor Aapke Dwaar' CSR project in various districts of Chhattisgarh.

REC Foundation has supported over 400 projects in healthcare, sanitation, clean water access, education and skill development, women empowerment, sports and environmental sustainability. With over Rs. 1,300 Crore disbursed in CSR funds, REC's cumulative commitment to CSR activities exceeds Rs. 2,000 Crore.

The Indian Red Cross is a voluntary humanitarian organization having a network of over 1,100 branches across the country. It provides disaster relief and care for vulnerable people and communities. It is a leading member of the largest independent humanitarian organization in the world, the International Red Cross & Red Crescent Movement.

ABOUT REC LIMITED -

REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. More recently REC Limited has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc. REC Limited provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country.

REC Limited continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), National Electricity Fund (NEF) Scheme which resulted in strengthening of last mile distribution system, 100% village electrification and household electrification in the country. REC has also been made the nodal agency for certain States and Union Territories for the Revamped Distribution Sector Scheme (RDSS). REC has also been given the responsibility of PM Surya Ghar Muft Bijli Yojna from Central Government. The loan book of REC stands at ₹ 5.09 lakh crore and Net Worth at Rs. ₹ 68,783 crore as on 31 March, 2024.

Traya’s study reveals a concerning finding: One in Two Women Aged 36-40 Suffer from Advanced Widening or female pattern hair loss.

~ Hair loss remains a critical issue among women of all ages, demanding early intervention and holistic treatment approaches ~

Mumbai, July 18, 2024: Traya, India's first health-tech brand to treat hair loss internally, unveils astonishing findings from an extensive study involving 2.8 lakh women across India. The survey reveals that 71.19% of Indian women experience medium to advanced widening or female pattern hair loss, highlighting that hair loss is a significant concern that transcends age. As per the study, over 51% of women aged between 36 and 40 are already encountering medium to advanced stages of hair loss. Given that stress, depleted energy levels, and hormonal issues are the primary root causes, it underscores an urgent need for heightened awareness and early intervention.

The study brought to light that stress and low energy levels are rampant among Indian women. The most startling discovery was that 88.6% of the women who struggle with hair loss suffer from moderate to severe stress. Stress and anxiety are significant contributors to hair loss, with the high pressures of modern life exacerbating the condition. Additionally, the study found a connection between lack of sleep and hair loss, as it revealed that 48.14% of women experiencing hair loss also struggle with poor sleep habits.

Similar to the findings in Traya’s survey on men’s hair loss, dandruff emerged as a major cause of hair loss in women. Over 70% of women linked their hair loss to dandruff, with 22% facing severe cases, making it crucial to address dandruff for effectively reducing hair loss. Furthermore, 90% of the 2.8 lakh women who participated in the Traya study reported low energy levels, emphasizing the urgent need to address hair loss from within. Moreover, PCOS was identified as a rising cause of hair loss among young women aged 18-25.

Speaking on the findings, Saloni Anand, Co-Founder of Traya, stated, "Hair loss is predominantly considered to be an issue faced by men, leading many women to ignore or feel uncomfortable discussing it. However, it is a significant and growing concern for women, requiring effective and comprehensive intervention. Our study aims to help women understand the various causes of hair loss and tackle them effectively. The issue is quite complicated for women, where damaged hair strands and low hair volume pose significant problems too. There have also been psychological implications linked to hair loss, such as anxiety and diminished self-esteem.” She adds “In today's fast-paced world, many women encounter early hair loss but turn to quick fixes that offer temporary solutions rather than addressing the root causes. This only prolongs the problem and makes it harder to treat effectively. At Traya, we advocate for a holistic approach to hair health, focusing on the underlying issues. Our goal is to educate women on the importance of early and comprehensive treatment, steering them away from superficial solutions and towards long-lasting results."

Overall the study highlights the necessity for a personalized and holistic approach to treatment, as a one-size-fits-all solution is ineffective. Traya continues to advocate for holistic solutions to hair loss, focusing on creating awareness and encouraging timely intervention.

For more details on the study, please check: 

https://traya.health/blogs/hair-care/female-hair-loss-statistics

About Traya

Established in 2019, Traya is India’s first-ever hair fall solutions brand to help treat hair fall internally by identifying the root cause of hair fall. With the growing burden of hair fall issues in India, the brand has developed a unique doctor-backed solution where customers can take a free hair test that helps them understand the root cause of their hair fall. Traya has built its unique stack of tech, people and formulations that includes its online diagnosis, formulations coming from three sciences, a hair care team of hair coaches and doctors - all together helping them deliver unmatched outcomes for more than 8 Lakh customers who have chosen Traya. Today the brand has a workforce of about 800 employees and strong brand tie-ups with leading e-commerce brands, Flipkart and Amazon.

Website: https://traya.health/

Life Insurance Corporation of India the only non-sensex stock to give the highest return among the top 10 firms by market cap in the last one year

 LIC has surpassed RIL by giving 64% returns to the investors despite being the most valued firm. RIL has given only 10.51% in the last one year

Mumbai, 19 July 2024: Life Insurance Corporation of India (LIC) nation’s biggest insurer has given the highest returns of 74% in the last one year among the top 10 firms by market capitalization and the only non-sensex stock followed by the telecom major Bharti Airtel Ltd with the gain of 68.20 %, the country’s largest public sector lender State Bank of India (SBI) gained 47.64%, according the stock exchange data.

Reliance Industries Ltd (RIL), the Country’s most valued firm by market cap has given only 10.51% returns to its investors.

In the last one year, ICICI Bank Ltd, TCS and Infosys have gained 28.19%, 24.76%, 22.61% respectively, whereas the country’s most valued stock by market capitalization has given a return of 10.61%.

FMCG Major, Hindustan Unilever Ltd has given a return of 1.99%.

HDFC Bank and ITC Ltd are the only two stocks to have given a negative return of 4.21% and 0.79%.

Company Name Close as on 19 July 2023 (Rs) Close as on 19 July 2024 (Rs)* % Change

Life Insurance Corporation of India 620.4 1080.1 74.10

Bharti Airtel Ltd 869.8 1463 68.20

State Bank of India 601.35 887.85 47.64

ICICI Bank Ltd 973.65 1248.15 28.19

Tata Consultancy Services Ltd 3471 4330.25 24.76

Infosys Ltd 1474.35 1807.7 22.61

Reliance Industries Ltd 2840 3138.35 10.51

Hindustan Unilever Ltd 2671.75 2725 1.99

ITC Ltd 478.85 475.05 -0.79

HDFC Bank Ltd 1684.85 1613.9 -4.21

 

*As on 10:45 am Source: BSE

Go Coderz' India's First and Largest National Coding Competition for Schools

Around 50,000+ students from 100+ schools in 25+ cities across India to participate

Mumbai, 18 July 2024: Singhania Quest+ in association with the World Book of Records (London, UK), proudly announced the launch of 'Go Coderz,’ India's first and largest national coding competition. This is a first of its kind coding competition that aims to showcase the remarkable skills of students in the field of computer programming. The event has been open for schools to register their students from 3rd to 10th standard in a three-month competition that is designed to identify and nurture young talent across India. Registered students would also be provided with free coding masterclass before participating in the competition. Towards the end of the competition, winners are to receive various awards and certificates including the Gautam Singhania Coding Scholarship worth ₹ 1 lakh. Sharing the progress of the event, Singhania Quest+ stated that they have already received 15,000+ entries from 10+ states which is expected to rise to 50,000+ entries from 100+ schools from 25+ cities until that last date of registration – 15 August 2024.

The EdTech firm also stated that this initiative is aligned with the central government’s New Education Policy (NEP) that makes coding an integral part of the school curriculum, initiating classes on coding for students from 6th standard onwards. Commenting further on this, Dr. Brijesh Karia, Chief Operating Officer, Singhania Quest+, said “We are witnessing a change in the traditional education methodologies. The launch of the New Education Policy is a clear indication of it. Similarly, our event ‘Go Coderz’ has been meticulously designed in line with the NEP Policy to break through traditional methodologies and provide an impetus to young students who wish to pursue the field of computer programing.”

The event is set to feature two rounds of coding challenges created to assess participants' problem-solving abilities, logical thinking, coding concepts, algorithmic thinking and programming skills. In the initial round, students will work on group-wise coding projects and submit their work via the Singhania Quest+ portal. The results will be promptly announced, and digital participation certificates will be awarded to all participants. Based on the level of participation, the schools of the participants would also receive engagement awards. From round 1, the top 25% of students from each school will advance to the next round. These top 25% students will then be provided with special online masterclasses to help with their second round of group-wise coding projects. Towards the end of this competition, the top performers will be honored with scholarships and awards, including the prestigious Gautam Singhania Coding Scholarship worth ₹ 1 lakh to celebrate their talents.

Interested schools now have a chance to register their students studying in standard 3 to 10 for this competition. They can use the following link: https://questplus.in/go-coderz/ to know more about the event and send the registrations which are open until – 15 August 2024.

Marquee Anchors participate in Anchor book of Sanstar Limited

--The Company raises Rs. 153 crores from Anchor Investors ahead of its Rs 510 Crores IPO-----

Mumbai I Ahmedabad: July 18, 2024: Ahmedabad-based, Sanstar Limited has garnered Rs.153 crores from anchor investors ahead of its initial public offering that opens for public subscription on Friday, July 19, 2024. The Company informed the bourses that it allocated 1,61,10,000 equity shares at Rs. 95 per share on Thursday, July 18, 2024, to anchor investors.

The diversified anchor book of Sanstar Limited comprises 13 anchors including global financial institutions, domestic mutual funds, large insurance & NBFC treasuries, AIFs and foreign portfolio institutions. The institutions who participated in the anchor are the following:

• Global Financial Institutions: BOFA Securities (Division of Bank of America), Societe Generale

• Mutual Funds: BOI Mutual Fund, Trust Mutual Fund

• Institutional Treasuries: SBI General Insurance, Gagandeep Credit Capital, Chhattisgarh Investments 

• AIFs: Negen Undiscovered Value Fund, SB Opportunities Fund, Finavenue Capital Trust

• Foreign Portfolio Investments: Intuitive Alpha Fund, Minerva Emerging Fund

Sanstar Limited is one of the major manufacturers of plant-based speciality products and ingredient solutions in India for food, animal nutrition and other industrial applications (Source: Company Commissioned Frost & Sullivan Report, dated May 18, 2024). The majority of Sanstar products are used in food and nutrition industry. The products are used in custard, desserts, sauces, instant foods, tablets, baked foods, confectioneries, pastas, soups and mayonnaise, in cream fillings, gravies, tomato ketchup, creams, dairy desserts, in confectionary, candies, syrups, ready to eat sweets, bakery and so on. Sanstar products also find applications in personal care items, pharmaceuticals, nutrients, textiles and even biodegradable packaging materials amongst others. The Company also provides certified organic starch.

Sanstar exports to over 49 countries across Asia, Americas, Europe and Oceania, Middle East and Africa and derives more than 35% of the revenue from exports. During FY 2024, on a Consolidated basis, the Company generated ₹ ~1,067 crores of revenue, ~98 cores of EBITDA and ~ 67 crores of Profit After Tax (PAT) while ROE and ROCE were ~31% and 25% respectively. Revenue, EBITDA and PAT have grown at a CAGR of ~45%, ~57% and ~105% respectively during FY22-FY24, on a consolidated basis.

Sanstar operates two manufacturing facilities covering a total area of 10.68 million square feet (approximately 245 acres) situated in Dhule, Maharashtra, and Kutch, Gujarat. Notably, the Kutch facility of the Company is registered with United States Food and Drug Administration (USFDA). These facilities collectively boast an installed capacity of 3,63,000 tons per annum (1,100 tons per day). The Company ranks amongst largest manufacturers of maize-based specialty products and ingredient solutions in India (Source: Company Commissioned Frost & Sullivan Report, dated May 18, 2024). The Company has a bio-gas plant with an installed capacity of 1.56 megawatt to generate electricity from plant waste and utilize it as a renewable energy source and an installed solar plant of 3.6 megawatt capacity to generate electricity

To tap the next phase of the growth, the Company is in the process of expanding the capacity at Dhule facility on the existing land which is expected to increase 1,000 tons per day in capacity.

Pantomath Capital Advisors Private Limited is the sole book running lead manager. Lead Manager’s track record suggests that, all the IPOs lead managed by Pantomath Capital in last three years got listed on premium.

IPO Details

The Company is proposing to open its initial public offering of Equity Shares (the “Offer”) on Friday, July 19, 2024, and closes on Tuesday, July 23, 2024. The price band for the Offer has been determined at Rs 90 – Rs 95 per equity share. The IPO will fetch Rs 510.15 crore at the upper end of the price band.

The IPO consists of Fresh Issue of up to 41.80 million Equity Shares and an Offer for Sale (“OFS”) of up to 11.90 million Equity Shares by the Promoter and Promoter Group Selling Shareholders.

Sanstar will invest Rs 181.6 crore out of the net fresh issue proceeds for expansion of the Dhule facility. Another Rs 100 crore will be used to repay debts, which amounted to Rs 164.23 crore as of May 24 this year. The remaining funds will be utilised for general corporate purposes.

Investors can bid for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter.

The Offer is being made through the Book Building Process, wherein not more than 50% of the Offer shall be available for allocation to Qualified Institutional Buyers, not less than 15% of the offer Shall be available for allocation to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders.

The shares of the Company shall get listed on 26th July on BSE and NSE.