Nagpur-based Diffusion Engineers refiles DRHP with SEBI for IPO

 The equity shares are proposed to be listed on BSE and NSE.

Nagpur-based Diffusion Engineers Ltd, engaged in the business of providing engineering solutions to customers both in domestic and international markets has refiled its draft red herring prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI) to mop up funds through an initial public offering (IPO). 

The IPO with a face value of ₹10 each is a complete fresh issuance of 9.85 million equity shares. The offer also includes a reservation for a subscription by eligible employees and a discount is being offered to eligible employees bidding in the employee reservation portion. 

According to market sources, the issue would be in the range of Rs 125-150 crore.

Earlier, the company had filed draft papers with the SEBI in December 2023 for IPO.

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

The company intends to utilize about ₹71.38 crore for funding capital expenditure requirements towards the proposed expansion of its existing manufacturing facility, Rs 30.38 crore for setting up a new manufacturing facility at Hingna, Sonegaon District, Nagpur, Rs 22 crore for funding working capital requirements of the Company and general corporate purposes.

Diffusion Engineers was established in 1982 under the leadership of Prashant Garg, who serves as the Managing Director. Initially, the company focused on trading welding electrodes for Super-conditioning. Over its more than forty years in operation, it has diversified its offerings, encompassing a broad spectrum of products and services. These include the production of specialized welding consumables, wear plates, and heavy engineering equipment for essential industries. The company also specializes in tailored repairs and reconditioning services for heavy machinery and equipment.

In addition to its core offerings, Diffusion Engineers is engaged in the trade of anti-wear powders, welding, and cutting machinery. One of its key services is the super conditioning process conducted at its manufacturing facilities. This process offers a surface treatment solution for machine components, significantly enhancing wear resistance, alleviating stress, and improving repair capabilities. Consequently, this leads to extended lifespans for industrial parts, fostering smoother functionality, and reducing production costs.

The company has established a seamless forward integration system. This involves the manufacture of special-purpose electrodes and flux-cored wires, which are utilized in creating wear-resistant plates (commonly known as wear plates). These plates are essential components in the manufacturing of a majority of large industrial equipment within its heavy engineering division. They significantly contribute to the production of industrial equipment for core sectors such as Cement, Steel, Power, Mining, Engineering, Oil & Gas, and Sugar. This integration fosters efficiency in the production process, offering competitive advantages, reducing product costs, exerting control over raw material supplies, and decreasing reliance on third-party operations.

Presently, the company operates from four manufacturing units, with three located in Nagpur Industrial Area and Hingna, and the fourth in Khapri (Uma). Furthermore, it has an overseas presence through its subsidiaries in Singapore, Turkey, and the Philippines, and Joint Ventures/ Associates in the United Kingdom and Malaysia.

In the financial year 2023, the company's restated consolidated revenue from operations rose 24.58% year-on-year (YoY) to Rs 254.88 crore from Rs 204.59 crore in fiscal 2022, primarily attributed to an increase in revenue from Welding Consumables, Wear plate / Wear Parts, and from Trading activities. This increase was majorly attributed to an increase in the production mix and an increase in the volume of units sold. Profit after tax for the same period rose 29.92% from Rs 17.05 crore in fiscal 2022 to Rs 22.14 crore in Fiscal 2023.

For the nine months ended December 31, 2023, revenue from operations stood at Rs 204.20 crore, and profit after tax stood at Rs 21.62 crore.

Unistone Capital Private Limited is the sole book-running lead manager and Bigshare Services Private Limited is the registrar of the offer. The equity shares are proposed to be listed on BSE and NSE.

Upgrade your kitchen with TTK Prestige’s Annual ‘ANYTHING FOR ANYTHING’ Exchange Offer

National, April 2024: Prestige, the most trusted and leading kitchen appliance brand, is back with its much-awaited "ANYTHING FOR ANYTHING" Exchange Offer. Customers can bring their old kitchenware or kitchen appliances and exchange them to avail this attractive exchange offer, ranging from a 24 percent to 65 percent discount on MRP for various Prestige products. Unlike any other campaign, the Anything for Anything Exchange campaign allows consumers to exchange an old kitchen appliance from any brand and any condition with the latest innovative products from Prestige. The offer started on April 16th and will continue until June 30th, 2024.

 

Prestige's dedication to innovation is well-known. Each product is designed with advanced and modern technology offering home-cooks a clean, stress-free, and convenient cooking experience. With the ‘Anything for Anything’ Exchange offer, consumers will get a wonderful opportunity to upgrade their kitchen with Prestige’s latest innovations.  

 

A significant discount is being offered by Prestige across all their product categories. This includes the Flip-On Svachh Pressure Cookers with innovative lid-lock mechanism, Triply outer lid and inner lid range pressure cookers with spillage control lid design and, along with additional safety features like VPI, SSD, etc. Also, the offer is on the revolutionary Svachh range of Gas Stoves with their unique easy-to-clean design and liftable burner features.

Durable non-stick cookware is another key consideration for consumers when selecting their kitchen essentials. The brand is including their newly launched Ceramic coated cookware with durable ceramic non-stick coating to promote less oil usage. Triply cookware range with durable three layered body that promotes even heat distribution. This includes Kadai with a glass lid, Dosa Tawa, Fry pan.

 

The brand's desirable range of unique Induction Cooktops with Indian Menu options, along with an automatic Pressure Cooker whistle counter and their All-in-One Endura Mixer Grinders, covering 14 different functionalities, are also included in the Anything for Anything offer. The unique and convenient innovative features of the products in both these categories make them the preferred choice for every consumer. Additionally, Prestige's India’s First innovative Safe-Sense Chimneys, equipped with gas-leak and smoke detection technology, are also available at an unbeatable price. 

Mr. Anil Gurnani, Chief Sales & Marketing Officer, TTK Prestige Ltd. “At Prestige, we are committed to offer a solution-oriented approach with unique products and innovations tailored to meet our customer needs. Whether it's durable cookware, mess-free appliances, or cutting-edge technology-driven products, we encourage the homemakers to upgrade their kitchen experience. Our customers have been loyal to the brand and through this offer, we want to give them the best products at attractive deals to celebrate the relationship we have built with them."  

 

Prestige is one of India's most dependable and well brand thanks to its selection of feature-rich, robust, high-performance, and reasonably priced products and its prompt and responsive after-sales service. Every item produced by Prestige is made thoughtfully with great care, is durable, affordable, and exquisitely designed. 

 

 

Racks & Rollers - Storage Technologies and Automation Limited’s SME Initial Public Offering to open on Tuesday, April 30, 2024, price band set at ₹73/- to ₹78/- per Equity Share

Price Band of ₹73/- – ₹78/- per equity share bearing face value of ₹10/- each (“Equity Shares”)

• Bid/Offer Opening Date – Tuesday, April 30, 2024 and Bid/Offer Closing Date – Friday, May 03, 2024.

• Minimum Bid Lot is 1600 Equity Shares and in multiples of 1600 Equity Shares thereafter.

• The Floor Price is 7.3 times the face value of the Equity Share and the Cap Price is 7.8 times the face value of the Equity Share

RISK TO INVESTORS

(i) The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect our revenues and profitability

(ii) We have certain outstanding litigation against us, an adverse outcome of which may adversely affect our business, reputationand results of operations

(iii) The unexpected loss, shutdown or slowdown of operations at our manufacturing plant could have a material adverse effect onour results of operations and financial condition.

(iv) Inaccurate estimation of risks, revenues, or costs for a projects could negatively impact our profitability and operational results. Actual costs during project execution may significantly deviate from bid assumptions, leading to challenges in recovering additional expenses and potentially having a material adverse effect on our operational results, cash flows, and financial condition.

(v) Our operations are significantly influenced by the prices, availability, and quality of the raw materials essential for our production processes.

(vi) Failure to successfully implement our business strategies may materially and adversely affect our business, prospects, financial condition and results of operations.

(vii) Our existing customers does not guarantee realization of future income. Our revenue may be subject to modifications, cancellations, delays, holds, or partial payments by customers, which could have adverse effects on our operational results. 

(viii) We have experienced negative cash flows in the past, and we may have negative cash flows in the future. 

(ix) We operate our business from rented premises. 

(x) We have incurred losses in the past and may continue to incur significant losses in the future. 

(xi) The Merchant Banker associated with the Issue has handled 50 public issues (SME Issues) out of which 12 opened below Issue price on listing day. 

(xii) Average cost of acquisition of Equity Shares held by our Promoters:- Khasim Sait, Mohammad Arif Abdul Gaffar Dor , Hanif A Khatri , Nuumaan Khasim , Syed Azeem , Afzal Hussain are Rs. 1.11 per equity share of each promoter.

(xiii) The Price/ Earnings ratio based on basic EPS for Fiscal 2023 for the company at the Cap price is 48.45

(xiv) Weighted Average Return on Networth for Fiscal 2023,2022 and 2021 is 6.29%

(xv) Weighted Average cost of acquisition, Floor and Cap Price

Types of transactions 

Weighted average cost of acquisition (₹ per Equity Shares) Floor price*

(i.e. ₹ [73]) Cap Price*

(i.e. ₹ [78])

Weighted average cost of acquisition of primary / new issue 18 months prior to RHP NA^ NA^ NA^

Weighted average cost of acquisition for secondary sale/ acquisition 18 months prior to RHP NA^^ NA^^ NA^^

Weighted average cost of acquisition of primary issuances / secondary transactions, during the 3 immediately preceding years* - - -

^There were no primary/new issue of shares(equity/convertible securities) transaction, other than equity shares issued pursuant to bonus issue on January 10, 2024, in the last 18 months prior to the date of RHP. ^^There were no secondary sale/acquisition(equity shares) in the last 18 months prior to the date of RHP.

Mumbai, April 30, 2024: Bengaluru-based Racks & Rollers - Storage Technologies and Automation Limited is engaged in a storage racking system, with specialising in design, manufacturing, installation services of metal storage racks, automated warehouses and other storage solutions, has fixed the price band of ₹73/- to ₹78/- per Equity Share of face value ₹10/- each for its maiden initial public offer.  The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, April 30, 2024, for subscription and close on Friday, May 03, 2024. Investors can bid for a minimum of 1600 Equity Shares and in multiples of 1600 Equity Shares thereafter.

The issue consists of a fresh issue of up to 3,840,000 equity shares with no offer for sale (OFS) component. 

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

Of the total net proceeds to be raised through the issue, Rs 27.50 crore will be used to meet working capital requirements and general corporate expenses.

Racks & Rollers - Storage Technologies and Automation Limited was incorporated in the year 2010 by its promoter Mr. Mohammed Arif and Mr. Khasim Sait with experience of around, 13 years and 13 years in the storage racking system industry.

The company's commitment to delivering innovative and efficient solutions for diverse warehousing needs demonstrates their commitment in its wide range of products and services. These solutions cater to various industries such as oil & gas, automotive components & aerospace, food & beverages, cold storage, pharmaceuticals, textiles, retail, FMCG, and others, each with unique storage and logistical requirements.

The Bengaluru-based company operates with a customer-centric approach, driven by a focus on continuous innovation and operational efficiency. It offers a comprehensive range of display and storage racks designed for commercial and industrial purposes, utilizing high-quality raw materials to ensure durability and optimum strength in the finished products. These raw materials include different grades of mild steel (hot rolled coils, cold rolled coils, galvanized steel coils, PPGI coils, pipes, and structural sections), powder coatings for powder coating, epoxy, enamel paints, and plastic for packaging.

The company has a manufacturing unit that covers approximately 56,250 square feet in Singanayakanahalli, Yelahanka Hobli, Bangalore, along with a 56,250 square feet storage facility, supporting a streamlined manufacturing process. The company manages product design, manufacturing, quality checking, packaging, storing, and delivery processes across specialized segments of its infrastructure, all closely monitored by an experienced team of quality controllers.

Through its manufacturing prowess, competitive strengths, and strategic business approaches, Storage Technologies and Automation Limited is well-positioned to meet the evolving needs of its clients effectively. The company is dedicated to innovation, quality, and delivering economically feasible solutions that exceed client expectations.

As of April 01, 2024, the total order book value of the Company is ₹ 21.36 Crore.

Racks & Rollers - Storage Technologies and Automation Limited has turnaround from a loss of Rs 0.20 crore in the financial year 2022 to Rs 0.48 crore in the financial year FY23. Revenue during the year FY23 increased 16.39% to Rs 81.32 crore from Rs 69.87 crore in the previous year, primarily due to an increase in the business operations of the company and increase in number of customers.

For the seven months ended October 31, 2023, revenue from operations stood at Rs 52.92 crore, and profit after tax stood at Rs 3.59 crore.

OneView Corporate Advisors Private Limited is the sole book-running lead. The equity shares are proposed to be listed on SME Platform of BSE Limited.

Disclaimer: STORAGE TECHNOLOGY AND AUTOMATION LIMITED has filed a Red Herring Prospectus dated April 22, 2024 with the ROC. The Red Herring Prospectus shall be made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM i.e., Oneview Corporate Advisors Private Limited at www.oneviewadvisors.com, the website of the BSE at www.bseindia.com. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see “Risk Factors” beginning on page 30 of the Red Herring Prospectus. 

The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or any state securities laws in the United States and  may not be offered or sold within the United States or to, or for the account or benefit of,,”U.S. persons” (as defined in Regulation S of the Securities Act),  except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the Equity Shares will be offered and sold (i) within the United States only to persons reasonably believed to be “Qualified Institutional  Buyers” (as defined in Rule 144A of the Securities Act) under Section 4(a) of the Securities Act and (ii) outside the United States in offshore transaction in reliance on Regulation S under the Securities Act and the applicable laws of the jurisdiction where those offer and sales occur. 

The Equity Shares have not been and will not be registered , listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Application may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.

LISTING:. The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on SME Platform of BSE Limited (“BSE SME”), in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018, as amended from time to time. Our Company has received an In-Principle Approval letter dated April 19, 2024 from BSE Limited (“BSE”) for using its name in this offer document for listing our shares on the “BSE SME”. For the purpose of this Issue, the designated Stock Exchange will be BSE Limited.

DISCLAIMER CLAUSE OF SECURITIES AND EXCHANGE BOARD OF INDIA (“SEBI Since the Issue is being made in terms of Chapter IX of the SEBI (ICDR) Regulations, 2018, the Red Herring Prospectus will be filed with SEBI in terms of the Regulation 246 (5) of the SEBI (ICDR) Regulations, 2018, and the SEBI shall not offer any observation on Offer Document. Hence, there is no such specific disclaimer clause of SEBI. However, investors may refer to the entire “Disclaimer Clause of SEBI” on page no. 237 of the Red Herring Prospectus.

DISCLAIMER CLAUSE OF THE SME PLATFORM OF BSE LIMITED (DESIGNATED STOCK EXCHANGE): "It is to be distinctly understood that the permission given by BSE Limited ("BSE") should not in any way be deemed or construed that the contents of the Red Herring Prospectus/ Prospectus or the price at which the equity shares are offered has been cleared, solicited or approved by BSE, nor does it certify the correctness, accuracy or completeness of any of the contents of the Red Herring Prospectus/ Prospectus. The investors are advised to refer to the Prospectus for the full text of the “Disclaimer clause of the SME Platform of BSE Limited” on page no. 239 of the Red Herring Prospectus

Bollywood star Ranbir Kapoor inaugurated revamped Kalyan Jewellers’ showroom in Mumbai at Andheri

 

Offers luxurious shopping experience in world-class ambience

Kick started the Akshaya Tritiya festivities in Mumbai with unveiling of all new designs

Mumbai, 27th April 2024: Kalyan Jewellers, one of India’s most trusted and leading jewellery companies, today launched its redesigned showroom at Link Road, Andheri West in Mumba. Bollywood star Ranbir Kapoor inaugurated the showroom, which features an extensive range of designs from various collections of Kalyan Jewellers. Patrons can expect state-of-the-art facilities with world-class ambiance, providing an unparalleled experience.

Addressing the enthralled crowd, Bollywood star Ranbir Kapoor said, “I am thrilled to be here today to launch this all-new Kalyan Jewellers’ showroom and meet all of you. It is an honor to be part of this special occasion as well as represent such an iconic brand, which is built on the core pillars of trust, transparency and customer-centricity. I am confident that the brand’s patrons in the region will shower their love and support for Kalyan Jewellers, while enjoying the exquisite range of jewellery pieces.”

Marking the Akshaya Tritiya celebrations, Bollywood star Ranbir Kapoor unveiled all-new designs as part of the company’s Maharashtrian-heritage inspired jewellery line – Sankalp. The revamped collection features an exquisite range of jewellery pieces that cater to the design sensibilities of a wide array of consumer cohorts. 

Commenting on the new showroom, Mr. Ramesh Kalyanaraman, Executive Director of Kalyan Jewellers, said, “With the launch of our newly renovated Kalyan Jewellers’ showroom at Andheri West in Mumbai, the aim is to create a holistic ecosystem and cater to the distinct needs of our customers, enhancing their shopping experience. We aspire to continue reinventing ourselves, providing customers with world-class ambience, while staying true to the company's ethos of trust and transparency. At Kalyan Jewellers, we will continue to offer vast range of exquisite and unique jewellery designs with focus on quality and service”

This season, customers can avail flat 25% off on making charges on all jewellery purchases*. To streamline the Akshaya Tritiya shopping experience, the jewellery brand has introduced its advance booking facility. As part of this pre-booking program, customers can now conveniently select and place their jewellery orders in advance, ensuring a hassle-free shopping experience on the auspicious day. This initiative aims to alleviate the rush as well as enable patrons to lock-in the price of jewellery by paying 10% advance on their jewellery purchase. Additionally, the “Kalyan Special Gold Board Rate”, the lowest in the market and standardized across all company showrooms, will be applied, ensuring a seamless and service-backed shopping experience.

Patrons will also receive Kalyan Jewellers' 4-Level Assurance Certificate, which guarantees purity, free lifetime maintenance of ornaments, detailed product information, and transparent exchange and buy-back policies. This certification reflects the brand's commitment to offering the very best to its loyal customers.

The showroom will also stock Kalyan's popular house brands, including Muhurat (Wedding Jewellery Line), Mudhra (Handcrafted Antique Jewellery), Nimah (Temple Jewellery), Glo (Dancing Diamonds), Ziah (Solitaire-like Diamond Jewellery), Anokhi (Uncut Diamonds), Apoorva (Diamonds for Special Occasions), Antara (Wedding Diamonds), Hera (Daily Wear Diamonds), Rang (Precious Stones Jewellery), and the recently launched Lila (Coloured Stones and Diamond Jewellery).

For more information on the brand, its collections and offers, visit https://www.kalyanjewellers.net/

T&C Apply*

About Kalyan Jewellers

Headquartered in Thrissur in the state of Kerala, Kalyan Jewellers is one the largest jewellery retailers in India with a presence in the Middle East. The company has enjoyed a long-standing presence in the Indian market for nearly three decades and has set industry benchmarks in quality, transparency, pricing and innovation. Kalyan offers an array of traditional and contemporary jewellery designs in gold, diamonds and precious stones catering to the distinct needs of the customers. Kalyan Jewellers has over 250 showrooms across India and the Middle East.

Get your laughing hats on as Amazon miniTV unveils the teaser of ‘Namacool’, where we see bromance in a comic caper

Namacool will premiere exclusively on Amazon miniTV for free, on the Amazon shopping app, on Play Store, and on Fire TV

Mumbai, 27 April, 2024: Amazon miniTV, Amazon’s free video streaming service, recently announced its latest comedy-drama series Namacool with a riveting teaser. The upcoming series is poised to enthrall fans as the teaser unfolds the journey of Mayank and Piyush, two best friends who embark on a mission to uncover the true meaning of manhood as they navigate college. Through the course of their journey, the duo comes across friendships, romance and go on a crazy ride, leading their lives into a whirlwind of confusion, chaos, and comedy. What begins as a quest to establish their status as “real men” and win the love of their lives, ends up entangling them in a web of crime and betrayal. This laugh riot promises romance, crime and comedy in equal doses.

Produced by Reliance Entertainment, Namacool is set in the vibrant city of Lucknow, known for its scenic locations, poetry and romance. Written by Shantanu Srivastava and directed by Ritam Srivastav, this action-packed bromedy features Hina Khan, Aaron Kaul, Abhinav Sharma, Abhishek Bajaj, Anushka Kaushik, Faisal Malik and Aadil Khan, in pivotal roles.  The 7-episode series sets the stage for a comical adventure that will keep audiences glued to the screen.

Amogh Dusad, Head of Content, Amazon miniTV said, “Amazon miniTV always aims to push the envelope when it comes to entertaining audiences across India with its diverse content library. With Namacool, a light-hearted comedy-drama set in the vibrant city of Lucknow, we bring forth the stories of underdogs set against the backdrop of college. We are delighted to collaborate with Reliance Entertainment to bring this quirky story to the audiences and look forward to bring more such exciting stories.”

Parul Sharma, Producer Reliance Entertainment, said, “We are delighted to partner with Amazon miniTV for Namacool. This collaboration is only the beginning of a compelling partnership, and we look forward to collaborating with them soon. Namacool promises to be a blockbuster, with components ranging from action and drama to romance and the everlasting bond of friendship. I hope the audience will like it as much as we enjoyed creating it.”

Namacool will stream soon for free only on Amazon miniTV. You can watch it on the Amazon shopping app, Fire TV, Smart TVs or download the Amazon miniTV app on Playstore.

Teaser Link: https://youtu.be/1B_31YU-UW8?feature=shared

XXX

About Amazon miniTV  

Amazon miniTV is a free video streaming service that provides high quality entertainment, which you can watch anytime, anywhere. Always Entertaining. Always FREE!

●   Exclusive shows and videos: Amazon miniTV is home to a cherry-picked collection of fresh, incredible and engaging stories and titles across multiple genres ranging from webseries, award-winning short films, reality shows and popular international shows dubbed in Hindi, Tamil and Telegu. These include popular titles like Half CA, Love Adhura, Badtameez Dil, Hunter, Half Love Half Arranged, Yeh Meri Family, Rakshak – India’s Braves, Physics Wallah, Rafta Rafta, Case Toh Banta Hai, Dehati Ladke, Sixer, Ishq Express, Highway Love, Gutar Gu, Crushed, Playground, among others. The content has been carefully curated to suit the varying entertainment preferences of today’s viewers.

●   No subscription required: Amazon miniTV is absolutely free!

Instant access: Amazon miniTV is present on Amazon’s shopping app, which is India’s most trusted and largest online store. Just download the Amazon shopping app, click or search for ‘miniTV’ to view from thousands of titles available. Want to watch on the big screen? Then visit www.amazonminiTV.com on your laptop, or on Prime Video, Fire TV, Xiaomi Smart TVs and Google TV . You can now also download the Amazon miniTV app on Play Store on your Android smartphone.

Industry recognition: Amazon miniTV’s content has received a lot of love from fans and the industry.  Titles such as Physicswallah, Highway Love, Dehati Ladke, Hustlers, Crushed, Hunter, Half CA and Yeh Meri Family have featured in the ‘top 10 webseries’ lists across publications; our short film Shimmy won the People’s Choice Award for Best Actor and Critic’s Choice Award for Best Actor (Pratik Gandhi); Clean won best short film at IWM Buzz Awards 2022; Yatri Kripya Dhyan De was adjudged the best short film by Indian Television Academy; and our most loved high school drama Crushed was nominated at the 2022 Filmfare OTT Awards, to name a few.

About Amazon.in

The Amazon.in marketplace is operated by Amazon Seller Services Private Ltd, an affiliate of Amazon.com, Inc. (NASDAQ: AMZN). Amazon.in offers a single destination to customers to shop for millions of products, make payments with Amazon Pay, and watch free entertainment content with Amazon miniTV.

Amazon is guided by four principles: customer obsession, passion for invention, commitment to operational excellence, and long-term thinking. Amazon Prime, Fulfilment by Amazon, AWS, Kindle, Fire TV, Amazon Echo, and Alexa are some of the products and services pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews.

Oral Cancer Awareness Month – April 2024

Excessive use of tobacco among young adults is main cause of increasing Oral Cancer cases in India

Mumbai- India witnesses a substantial number of newly reported cancer cases each year, with approximately 1. 5 million new cases are diagnosed annually. April is Oral Cancer Awareness Month, an annual observation that underscores the fact that early detection of oral cancer can decrease morbidity and increase long-term survival. Every hour, 24-hours-a-day, 365-days-a-year, someone dies of oral or oropharyngeal cancer (cancer of the back of the oral cavity and upper throat). Overall, the lifetime risk of developing oral cavity and oropharyngeal cancer is about 1 in 59 for men and 1 in 139 for women. These are average risks, but a number of factors (described in Oral Cavity and Oropharyngeal Cancer Risk Factors) can affect your risk for developing mouth and throat cancer. Oral cancer is a significant health concern in India, ranking as the second most common cancer overall and the most common among males. Commenting on this topic Dr. Rahul Patil , MS ENT , DNB, fellowship in head and neck cancer surgery From Apex Group of Hospitals said, “.  Oral cancer also known as mouth cancer, the disease is the most common form of head and neck cancer and includes cancers of the mouth and the back of the throat. Excessive use of tobacco, chewing betel nuts, or smoke among young adults accounting for 80-90 per cent of oral cancer cases. Other contributing aspects include excessive alcohol consumption, human papillomavirus (HPV) infection, weakened immune system, poor nutrition, excess body weight and excessive sun exposure. Detecting cancer in its early stages is crucial in preventing additional physical, psychological and financial harm to the patient. By identifying it early, appropriate treatment can be administered promptly, potentially increasing the patient's survival rate to 90 per cent. To address these risk factors and promote oral cancer prevention, it is important to prioritize regular screenings and check-ups with a healthcare professional. This can help to detect oral cancer in its early stages when it is most treatable.”

The State of Kerala displays the lowest occurrence of oral cancer, whereas West Bengal records the highest. In the western regions of Maharashtra, oral malignancy is most prevalent in individuals aged 60 years or older, followed by those between 40 and 59 years old, with males being affected twice as frequently as females. An association based on gender has been observed in cases of oral cancer, with males exhibiting a high prevalence of cancer related to tobacco use added by Dr. Rahul Patil , MS ENT , DNB, fellowship in head and neck cancer surgery From Apex Group of Hospitals. The Government of India has taken several initiatives to address the rise in cases of oral cancer. This includes providing free screening and treatment services for oral cancer as well as launching campaigns to raise awareness about the importance of early detection and prevention.

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

Global Indian Entrepreneur Diipa Khosla Shines In Rimzim Couture as she gets celebrated as one of the most influential young Indians

Global Indian Entrepreneur Diipa Khosla made another stunning appearance at a recent event celebrating achievements in the realm of entrepreneurship. Listed in The GQ 35 Most Influential Young Indians 2024, Khosla exuded elegance and sophistication in a breathtaking golden Rimzim Dadu cocktail outfit. The attire, a masterpiece crafted with thousands of small metallic cords meticulously sewn together, showcased Khosla's impeccable taste and eye for detail. Complementing her ensemble were handcrafted jewels from Amama, adding a touch of glamour and luxury to her look.

With her glowy bronze glam and loose flowy curls, Diipa Khosla evoked the image of a Greek goddess, radiating confidence and grace. However, her impact extends far beyond the realm of fashion. As a trailblazer in global entrepreneurship,  she has made significant strides, leaving an indelible mark on the industry. From her distinguished speaking engagements at Harvard to her successful business venture indē wild and her philanthropic foundation Post for Change, Khosla has cemented her position as a leader.

As she represents India on global platforms, Diipa embodies the spirit of Indian entrepreneurship and creativity, inspiring women worldwide to pursue their dreams with passion and determination. With each appearance, Diipa Khosla continues to redefine the standards of success and beauty, leaving an indelible impression on those fortunate enough to witness her brilliance.

Prime Video to Premiere Documentary ‘Women of My Billion’ on May 3

Women of my Billion tells the heart-wrenching and heart-warming story of the struggles, dreams, rights, and fight against all forms of violence that unite women in today's India, seen through the eyes of Srishti Bakshi as she journeys on foot from Kanyakumari to Kashmir

 

Produced by Priyanka Chopra Jonas under the banner of Purple Pebble Pictures and Apoorva Bakshi’s Awedacious Originals, the documentary has been directed by Ajitesh Sharma.          

 

Women of my Billion is set to premiere on Prime Video in India and across 240 countries and territories worldwide on May 3, 2024

 

 *Link* - https://twitter.com/PrimeVideoIN/status/1783383442287403121?t=NNTzXUR7zrrc61qZQC5XXg&s=19

 

 *MUMBAI, India—April 24, 2024—* Prime Video, India’s most loved entertainment destination, today announced the premiere date of the upcoming documentary Women of My Billion (WOMB), a stark and touching chronicle of the fight against all forms of violence faced by women of India. Produced by Apoorva Bakshi and Monisha Thyagarajan’s Awedacious Originals in association with Priyanka Chopra Jonas’ Purple Pebble Pictures Women of my Billion follows the journey of Srishti Bakshi, as she embarked on a walking pilgrimage from Kanyakumari to Kashmir, spanning 3,800 kms over 240 days, with a mission to find and share stories about women, their struggles, dreams, rights, and their wins, against all odds.  

Directed by Ajitesh Sharma, Women of My Billion sheds light on the on-ground realities of the many trials encountered by women in India, with each one of the million steps that brought Srishti closer to her destination, dedicated to empowering women, and giving them the courage to triumph against all odds. Women of My Billion is set to premiere exclusively on Prime Video in India and across more than 240 countries and territories worldwide on May 3, 2024. Women of My Billion is the latest addition to the Prime membership. Prime members in India enjoy savings, convenience, and entertainment, all in a single membership for just ₹1499/ year.

 

"At Prime Video, we are unwavering in our mission to elevate narratives that are inspiring and can be catalysts of change,” said Manish Menghani, director and head of content licensing, at Prime Video India “Srishti Bakshi’s endeavor to shed light on these critical aspects and taking vital steps towards preventing violence against women and empowering them is a courageous initiative that needs to be taken to a wider audience. It is an honor for us to collaborate with Purple Pebble Pictures and Awedacious Originals to bring this incredibly important documentary to our customers in India and across the world.” 

 

“Women have borne the brunt of gender bias for far too long, enduring a silent struggle against entrenched social injustices that seek to suppress their voices. With WOMB, the aim is to transcend these struggles - to be a beacon of hope,” said Priyanka Chopra Jonas, Producer, Purple Pebble Pictures. “WOMB is not merely a depiction of pain and suffering, but a rallying cry and call for solidarity and action. We hope this film takes us a step closer to a world where every woman is appreciated, honored, and empowered to soar.”

 

“Women of My Billion sheds light on the many heart-breaking atrocities faced by women in India, but at the same time, it showcases the many opportunities for change brought about by digitization. Srishti’s audacious initiative is a significant step in the right direction, and we need more such champions to herald change. It’s through empowering women that we can collectively shape a future where every woman is appreciated, honored, and able to chase her dreams without constraints. I believe that the documentary ignites the fervor for advocating women’s safety and rights throughout the country. We couldn’t have found better partners than Prime Video, and through them, we will be able to reach out to, inspire, and empower audiences across the globe.", added producer Apoorva Bakshi from Awedacious Originals.

 

“Women of My Billion reveals the unified voice of Indian women, speaking out against the violence they endure and compels us to question our inherent perceptions and addresses the fatigue surrounding discussions on violence against women in India,” said UN SDG Changemaker Srishti Bakshi. “What kept me going through my journey was the knowledge that women across India are unified by their courage to fight the violence they face. It was this message of courage, self-reliance, and self-assurance that I sought to spread through my journey. It is evident that it is the violence perpetrated by a minority and the silence of the majority that perpetuates violence in our society. For me, the documentary serves as a call to action, urging the majority to break their silence and actively participate in addressing this critical issue. Change is the need of the hour and with Prime Video we hope to take this message across to audiences in not just India, but across the world.”

The Sandur Manganese & Iron Ores Limited (SMIORE) and Private Equity firm ADV Partners announced execution of a binding agreement relating to the strategic business acquisition of Arjas Steel Private Limited (Arjas) by SMIORE

Bengaluru, 26 April 2024

• This acquisition of controlling interest of Arjas from an entity affiliated to ADV Partners marks SMIORE’s foray into manufacturing of special steels & value-added products

• Arjas is a fully integrated special steel company and among the top 5 manufacturers of special steel products 

• Arjas has been valued at an Enterprise Value of ₹ 3,000 Crore

SMIORE has signed a Share Purchase Agreement (SPA) with an entity affiliated with ADV Partners, an Asia-focused private equity firm to acquire a controlling interest in Arjas. The transaction has been agreed at an Enterprise Value of ₹ 3,000 Crore and will be subject to customary regulatory approvals and closing conditions.  Through this transaction, ADV will fully divest its interest in Arjas marking another successful exit from its India portfolio. 

This strategic business acquisition accelerates SMIORE’s forward integration plans into steel & value-add products, and unlocks potential for numerous synergies and integration. Arjas is among the top 5 special steel manufacturers in India supplying to automobiles sector.  

Arjas operates out of 2 plants spread across nearly 950 acres, its flagship manufacturing facility in Andhra Pradesh and another facility in Punjab through its wholly-owned subsidiary Arjas Modern Steel Private Limited. Arjas is currently undergoing a major expansion at both its facilities, which will enhance its consolidated capacity as well as expand its downstream facilities. 

India is one of the fastest growing steel & automobiles markets in the world, Arjas is geared up to benefit from the ample opportunities for the alloy steel industry in India. Apart from automobiles, Arjas caters to a host of other industries such as energy, railways, defence, engineering, material handling and agriculture. 

Commenting on this milestone, Bahirji A. Ghorpade, Managing Director, SMIORE said: 

“This acquisition marks a significant milestone for SMIORE as we venture into steel and value-added products manufacturing. It not only unlocks numerous synergies but also represents a meaningful forward integration for SMIORE. The acquisition will take us another step closer to our strategic transition from a merchant miner to an integrated commodity producer.

Arjas is a well-established player in the special steels segment, serving a host of critical industries that align with the government’s growing focus on infrastructure and India’s rapidly growing manufacturing economy. This acquisition, coupled with our recent mining expansion, positions SMIORE on a robust growth trajectory for the years ahead.

We look forward to working with the existing team of Arjas under the leadership of Sridhar and Visweswaran and welcome them to the Sandur family.  To the customers of Arjas, we are committed to ensure that the highest standards of quality and service that Arjas has been delivering is maintained and by combining the strength of our mining capabilities with Arjas’s expertise in steel production, we will ensure a reliable and high-quality supply of products. I want to emphasize our unwavering commitment to preserving the long-term vision of Arjas to emerge as a prominent special steel company in India and we will continue the growth trajectory which had been set in place by ADV Partners.” 

Commenting on this milestone, Suresh Prabhala, Managing Partner, ADV Partners said:

“The acquisition of erstwhile Gerdau India and subsequent transformation into Arjas Steel was a unique control investment in a conventional industry.  This investment is representative of ADV’s focus on India’s manufacturing sector, ability to take a long-term view and support managements in organic and inorganic growth initiatives.  The management team led by Sridhar, under the guidance of the Company’s esteemed Independent directors, has done an excellent job navigating through challenging times while delivering growth. We believe that the partnership with SMIORE is a natural next step in Arjas’ journey to establish itself as a leader in the alloy steel industry in India and wish the company and the SMIORE group success in this journey.” 

Commenting on this transaction, Sridhar Krishnamoorthy, Managing Director, Arjas said: 

“Over the past five years, ADV and its team have contributed immensely to the successful transition of Arjas Steel into an independent entity from the  erstwhile Gerdau India. They have supported the Company through the difficult COVID period and helped implement organic and inorganic growth through investments in downstream facilities including Kocks Block, Garrett Coiler, setting up of a 20 MW solar power plant and several other initiatives and through acquisition of the business of Modern Steel in the state of Punjab.

 

These investments provide a great platform to enable Arjas to achieve its vision of becoming one of the larger special steel manufacturers in the country. The synergistic acquisition of Arjas by the SMIORE group will provide enhanced access to raw materials and further support capacity expansion to achieve our long-term goals. With the support and resources of SMIORE, Arjas will be well-positioned to enhance our offerings, capabilities and deliver greater value to our customers. This acquisition represents a new chapter in our journey and my team, and I welcome and look forward to working with the leadership of the SMIORE.”

About The Sandur Manganese & Iron Ores Limited

The Sandur Manganese & Iron Ores Limited (“SMIORE”) is one of India’s most respected private sector merchant miners and commodity producers with an operational track record spanning seven decades. At present, the Company’s operations span over three business segments i.e., Mining (Manganese & Iron Ores), Ferroalloys, and Coke and Energy. Together, these assets work in conjunction with each other to leverage the benefits of being an integrated Company in the metals and mining industry. SMIORE has an employee strength (direct and indirect) of ~4,000. The Company has recently concluded the expansion of its mining segment, after receiving the Maximum Permissible Annual Production (MPAP) from Monitoring Committee to mine 3.81 Million Tonnes of iron ore and 0.462 Million Tonnes of manganese ore.

About Arjas Steel Private Limited

Arjas is a special steel manufacturer primarily engaged in the business of manufacturing special bar quality (SBQ) steel focused towards the auto sector in India. The Company has a total employee strength of ~2,500 and a combined production capacity of ~5,00,000 MT through its integrated steel plant in Tadipatri, Andhra Pradesh and an electric arc furnace-based steel plant in Mandi Gobindgarh, Punjab. 

About ADV Partners

ADV Partners is an independent Asian regional private equity manager with over US$1.2 billion in total assets under management. ADV Partners pursues value-oriented investments in privately held mid-market companies across emerging Asia with a special focus on the manufacturing sector in India and South Asia.  Some of ADV’s manufacturing investments include Arjas Steel, Amber Enterprises, Tarsons, Micro Plastics in India and the SQ Group of Bangladesh. 

For more details, get in touch:

Bahirji A. Ghorpade Sridhar Krishnamoorthy Suresh Prabhala 

Managing Director

THE SANDUR MANGANESE & IRON ORES LIMITED

investors@sandurgroup.com 

+91 94484 97926 Managing Director 

ARJAS STEEL PRIVATE LIMITED

sridhar.krishnamoorthy@arjas.com 

+91 99805 19271 Managing Partner

ADV PARTNERS

advirteam@advpartners.com 

+65 8389 6860

Safe Harbour 

This document which have been prepared by The Sandur Manganese & Iron Ores Limited (the “Company”), Arjas Steel Private Limited and ADV Partners (collectively the “Parties”), have been prepared solely for information purposes. This document has been prepared by the Parties based on information and data which the Parties consider reliable, but the Parties makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Document. This Document may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Document is expressly excluded.  

Certain matters discussed in this Document may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Document. The Company assumes no obligation to update any forward-looking information contained in this Document. Any forward-looking statements and projections made by third parties included in this Document are not adopted by the Company and the Company is not responsible for such third-party statements and projections. 

The Authorized Economic Operator (AEO) Status Now Extended To The Gem & Jewellery Sector: GJEPC

National, 25th April 2024: The Gem & Jewellery Export Promotion Council (GJEPC) is pleased to announce a significant milestone for the gem and jewellery industry in India. Following extensive efforts by the GJEPC in collaboration with the Ministry of Finance, the Authorized Economic Operator (AEO) status is now being extended to the gem and jewellery sector. The AEO programe was introduced as piolet project in 2011 vide Circular No. 37/2011 – Customs dated 23rd August. 2011. 

The AEO program, a crucial part of the broader ease of doing business initiative, has been instrumental in simplifying export operations across various sectors, resulting in significant time and cost savings for exporters. Despite the benefits it offers, the gem & jewellery sector was initially denied participation in the AEO program.

However, through proactive engagement with relevant Ministries, the GJEPC successfully advocated for the inclusion of the gem and jewellery industry in the AEO program. Consequently, the Ministry of Finance has communicated that units within the gem and jewellery industry are now eligible to apply for participation in the AEO program, thereby enabling them to avail associated benefits.

In line with this development, the GJEPC recently conducted an informative Outreach Program focused on obtaining Authorized Economic Operator (AEO) status. The event, held on March 18, 2024, at the Bharat Diamond Bourse, brought together industry stakeholders eager to enhance international trade operations, strengthen supply chain security, and improve global competitiveness.

Encouragingly, 20 companies have already applied for AEO status. Based on these applications, as of now Asian Star, a premier diamond and diamond jewellery manufacturer has been granted AEO Status, making it the first in the Indian gem and jewellery industry to receive the certificate.

The GJEPC expresses its gratitude to the Government, particularly the Ministry of Finance, for considering the council’s request and bringing the gem and jewellery industry under the purview of the AEO program.

 

About The Gem and Jewellery Export Promotion Council (GJEPC)

The Gem & Jewellery Export Promotion Council (GJEPC), set up by the Ministry of Commerce, Government of India (GoI) in 1966, is one of several Export Promotion Councils (EPCs) launched by the Indian Government, to boost the country’s export thrust, when India’s post-Independence economy began making forays in the international markets. Since 1998, the GJEPC has been granted autonomous status. The GJEPC is the apex body of the gems & jewellery industry and today represents 10000+ members in the sector.  With headquarters in Mumbai, GJEPC has Regional Offices in New Delhi, Kolkata, Chennai, Surat and Jaipur, all of which are major centres for the industry. It thus has a wide reach and is able to have a closer interaction with members to serve them in a direct and more meaningful manner. Over the past decades, GJEPC has emerged as one of the most active EPCs and has continuously strived to both expand its reach and depth in its promotional activities as well as widen and increase services to its members.

Facebook: www.facebook.com/GJEPC

Instagram: www.instagram.com/gjepcindia

Youtube: www.youtube.com/gjepcindia

Twitter: www.twitter.com/GJEPCIndia 

JNK India IPO subscribed 28 times on the Final Day

The Initial Public Offering of JNK India Limited was subscribed 28.07 times on the final day of bidding.

The issue received bids of 31,10,55,408 shares against the offered 1,10,83,278 equity shares, at a price band of ₹395-415, according to the data available on the stock exchanges. 

Qualified Institutional Buyer Portion was subscribed 75.72 times, Non-Institutional Investors Portion was subscribed 23.19 times, whereas Retail Portion was subscribed 4.01 times. 

IIFL Securities Limited and ICICI Securities Limited are the book-running lead managers and Link Intime India Private Limited is the registrar of the issue. 

Company Information

JNK India Limited is in the business of manufacturing process-fired heaters, reformers, and cracking furnaces (together, the “Heating Equipment”) that are required in process industries such as oil and gas refineries, petrochemicals, and fertilizer industries.

The Company has capabilities in thermal designing, engineering, manufacturing, supplying, installing, and commissioning heating equipment and caters to both domestic and overseas markets. (Source: F&S Report). Over the years the Company has diversified into flares and incinerator systems and has been developing capabilities in the renewable sector with green hydrogen. The Heating Equipment is required in process industries such as oil and gas refineries, petrochemicals, fertilizers, hydrogen and methanol plants, etc.

As of December 31, 2023, it has served 21 customers within India and 8 customers overseas. In India, it has completed projects in, amongst others, Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, and West Bengal, and globally have completed projects in Nigeria and Mexico. Further, it has ongoing projects in Gujarat, Odisha, Haryana, and Rajasthan in India and globally in Oman, Algeria, and Lithuania. Further, it has completed projects in far-reaching locations which included projects in India at Numaligarh, Assam; Kochi, Kerala; Barauni, Bihar; and overseas at Lagos, Nigeria.

Some of the domestic customers include Indian Oil Corporation Limited, Tata Projects Limited, Rashtriya Chemicals & Fertilizers Limited, and Numaligarh Refinery Limited. Further, the Company has catered to overseas customers such as a leading engineering, procurement, and construction (“EPC”) company in Europe, a leading oil & gas exploration & production company in Oman, and a Middle East arm of European EPC company in oil and gas. Since its inception, the Company has been working closely with JNK Global Co. Ltd (formerly known as JNK Heaters Co. Ltd), a KOSDAQ-listed company. JNK Global Co. Ltd (formerly known as JNK Heaters Co. Ltd) is one of the corporate promoters of the Company, holding a 25.79% as of the date of the Red Herring Prospectus. 

The Company operates an in-house fabrication facility at the Mundra Special Economic Zone in Gujarat, spreads over approximately 20,243 square meters with an installed capacity of 5,000 metric tonnes of fabrication and modularization per annum. 

As of December 31, 2023, it had an order book of ₹ 8,450.27 million.

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

 

REC AVAILS SACE-COVERED GREEN LOAN FACILITY FOR JPY 60.536 BILLION

• SACE’S FIRST JPY-DENOMINATED LOAN TRANSACTION IN INDIA

• SACE’s FIRST GREEN LOAN TRANSACTION IN INDIA

• PARTICIPATION FROM BANKS ACROSS ASIA, AMERICA AND EUROPE

Gurugram, 25 April 2024 – In a significant step towards sustainable development in India, REC Limited, a leader in the Indian power sector, has successfully availed a SACE-Covered Green Loan for JPY 60.536 Billion to finance Eligible Green Projects in India. This strategic investment reinforces REC’s commitment to foster sustainable growth, in alignment with the Company’s Green Finance Framework.   

The green facility benefits from an 80% guarantee by Italian Export Credit Agency, SACE (Italy) under their innovative Push Strategy programme. It is a breakthrough and first of its kind successful collaboration between an Indian government entity and SACE. This facility sets a benchmark in the Indian public sector landscape for similar green financing transactions, highlighting a growing commitment to sustainable financing. The facility also marks SACE’s first JPY-denominated loan transaction and first green loan transaction in India. 

The Green Loan has loan participation from banks across Asia, USA and Europe, namely Crédit Agricole Corporate and Investment Bank, Bank of America, Citibank, KfW-Ipex Bank and Sumitomo Mitsui Banking Corporation as Mandated Lead Arrangers with Crédit Agricole Corporate and Investment Bank acting as the ECA Coordinator, Green Loan Coordinator, Documentation Bank and Facility Agent. 

This facility demonstrates REC Limited's and its partners' dedication to supporting projects that meet rigorous environmental standards, promote renewable energy and contribute to reducing carbon emissions throughout India. Additionally, it also reflects the growing momentum towards green financing and the collective efforts of stakeholders to address environmental challenges.

Commenting on this occasion, Mr. Vivek Kumar Dewangan, IAS, Chairman & Managing Director, REC said, “The successful transaction in this truly global facility is anticipated to pave way for more such collaborations, further enhancing Indo-Italian business relationships in green energy financing and sustainable projects capabilities, as well as the global community’s support for sustainable development projects in India.”

Mr. Gautam Bhansali, Head of SACE – India & South Asia, commented, “SACE is proud to partner with REC for this ‘Green Push Strategy’ transaction, which is an innovative and first in its kind structure executed in India. Through this facility, SACE is committed to support projects in renewable energy, green mobility and energy efficiency, enabling sustainable long-term growth in India.”

Mr. Franck Passillier, Senior Country Officer for India, Crédit Agricole Corporate and Investment Bank, said, “The transaction exemplifies Crédit Agricole Corporate and Investment Bank’s unwavering dedication to fostering sustainable development, in line with our Bank’s leading position in global sustainable finance for more than a decade. Our strategic collaboration with REC underscores our steadfast commitment to advancing environmentally responsible initiatives and promoting the growth of sustainable financing within India’s promising market.”

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 Rs 4.97 Lakh Crore and Net Worth at Rs. 64,787 crores as on 31st Dec, 2023.

REC signs agreement with CVPPPL for ₹1869 Cr term loan for Kiru 624MW Hydro Project

Gurugram/Jammu, 24 April 2024: REC Limited, a Maharatna CPSE under Ministry of Power and a leading NBFC, has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL) for financial assistance of ₹1869.265 Crore as Term Loan. 

The loan will be utilized for Development, Construction and Operation of Greenfield Kiru Hydro Electric Project (4 x156 MW) on River Chenab located in Kishtwar District of Jammu & Kashmir. 

The Agreement was signed in the presence of Shri Ramesh Mukhiya, Managing Director; Shri Vasant Hurmade, General Manager (C&P); Shri Sanjay Kumar Gupta, General Manager (Finance) from CVPPPL and Shri Pramod Kumar Soni, Dy. General Manager; Shri Rishabh Jain, Dy. General Manager from REC Limited, among other key officials from both organizations.

Kiru Hydro Electric Project (624 MW), a run-of-river scheme is proposed on river Chenab in district Kishtwar of Union Territory of J&K and is about 42 kms from Kishtwar. The Project envisages construction of 135 m high Dam and an underground Power House with 4 units of 156 MW each.

ABOUT CVPPL: CVPPPL is a Joint Venture Company between NHPC (51%) and JKSPDC (49%) formed at the initiative of Government of J&K and Government of India to harness the vast hydro potential of river Chenab. The Company has been incorporated in 2011. CVPPPL has been entrusted with construction of Kiru HE Project (624 MW), Pakal Dul HE Project (1000 MW), Kwar HE Project (540 MW), & Kirthai-II HE Project (930 MW) on Build, Own, Operate and Maintain (BOOM) basis with aggregate installed capacity of 3094 MW.

ABOUT REC LIMITED: REC is a 'Maharatna' CPSE under the Ministry of Power, and is registered with RBI as Non-Banking Finance Company (NBFC), 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, Pumped Storage projects, Green Hydrogen, Green Ammonia projects etc. Recently, REC 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 Ltd. provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country. 

REC Ltd. continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been a 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 Rs 4.97 Lakh Crore and Net Worth at Rs. 64,787 crores as on 31st Dec, 2023.

***

For further details, contact:

Business Development and Marketing (BDM) Division

(Corporate Communications cell)

REC Limited

recccprco@gmail.com

Website: https://www.recindia.nic.in/ 

Facebook: https://www.facebook.com/reclindia 

Twitter: https://twitter.com/reclindia 

Instagram: https://www.instagram.com/reclindia/ 

LinkedIn: https://www.linkedin.com/company/reclindia/    

Radhika Madan OPENS UP on Impact of OTT on the entertainment landscape

Actress Radhika Madan, who has proven her acting mettle across all three mediums - OTT, TV, and the big screen, recently opened up about the changing entertainment landscape with OTT's increasing popularity during a recent event by Dish TV where she launched the revolutionary Dish TV Smart+ Services. 

When asked about the impact of OTT on the entertainment landscape, Radhika shared, 'I would say it doesn't matter what the platform is. It doesn't matter if it is television or OTT or theaters; art impacts different people on different levels. It is very individualistic, and as an actor, I just want to portray different lives and entertain audiences on whatever platform feels convenient for them.'

Discussing her association and thoughts on the Dish TV Smart+ Services, Radhika said, 'The first thought that came to my mind was convenience. I've been a victim of forgetting to pay my subscriptions to different platforms and just keeping track of which series is available where. So, what Dish TV has done is it has created a one-stop destination for all entertainment. And that has made my life really easy. So yes, when I heard about this, I was just grateful to them and I was like, thank you for making my life easier.'

On the work front, the actress was last seen in 'Saas, Bahu Aur Flamingo' and 'Sajini Shinde Ka Viral Video.' Her upcoming projects include 'Sanaa' and 'Sarfira,' details of which are yet to be disclosed."

JNK India IPO subscribed 49% on Day 1

 The Initial Public Offering of JNK India Limited was subscribed 49% on the first day of bidding.

The issue received bids of 53,90,568 shares against the offered 1,10,83,278 equity shares, at a price band of ₹395-415, according to the data available on the stock exchanges. 

Qualified Institutional Buyer Portion subscribed 67%, Retail Portion was subscribed 48%, whereas Non-Institutional Investors Portion was subscribed 25%. The issue kicked off for subscription on Tuesday, April 23, 2024 and will close on Thursday, April 25, 2024. 

A day prior to the opening of the issue, JNK India Ltd had raised Rs 194.84 crores from anchor investors. Foreign and Domestic Institutions who participated in the anchor were Goldman Sachs, Kotak MF, HDFC MF, Nippon MF, Mirae Asset fund, DSP, LIC MF, Bajaj Allianz Life Insurance and Aditya Birla SunLife Insurance. 

Leading brokerages like Anand Rathi, Nirmal Bang, Reliance Securities, Arihant Capital, Choice Broking, InCred Equities, Swastika Invesmart, Ventura Securities, BP Wealth, and Stoxbox have given a “SUBSCRIBE” rating to the issue, highlighting the company's established track record, diverse customer base, and strong position in the heating equipment market. JNK India's demonstrated capabilities, robust financial performance, and order book visibility, projecting it as well-positioned to benefit from industry tailwinds and global expansion.

JNK India's focus on diverse offerings, strategic collaborations, and its ability to meet growing demand in the domestic and global markets. The company's valuation metrics, such as P/E multiples and EV/EBITDA, are considered reasonable or at a discount compared to peers, further enhancing its investment appeal. Brokerages recommend a "Subscribe with a Long Term" rating, underlining JNK India's niche product profile, strong growth prospects, and favorable industry dynamics in the heating equipment sector.

IIFL Securities Limited and ICICI Securities Limited are the book running lead managers and Link Intime India Private Limited is the registrar to the issue. 

Company Information

The Company have capabilities in thermal designing, engineering, manufacturing, supplying, installing, and commissioning heating equipment and caters to both domestic and overseas markets. (Source: F&S Report). Over the years the Company has diversified into flares and incinerator systems and have been developing capabilities in the renewable sector with green hydrogen. The Heating Equipment are required in process industries such as oil and gas refineries, petrochemicals, fertilizers, hydrogen and methanol plants etc.

As of December 31, 2023, it has served 21 customers within India 8 customers overseas. In India, it has completed projects in, amongst others, Andhra Pradesh, Assam, Bihar, Karnataka, Kerala, Maharashtra, Tamil Nadu, West Bengal and globally have completed projects in Nigeria and Mexico. Further, it has ongoing projects in Gujarat, Odisha, Haryana, Rajasthan in India and globally in Oman, Algeria, and Lithuania. Further, it has successfully completed projects in far-reaching locations which included projects in India at Numaligarh, Assam; Kochi, Kerala; Barauni, Bihar; and overseas at Lagos, Nigeria. 

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

  

It would be a dream to work with Shah Rukh sir, says Radhika Madan

Every actor, whether aspiring or established in the entertainment industry, harbours a dream of sharing the screen with the legendary Shah Rukh Khan. Recently, actress Radhika Madan candidly revealed her admiration and dream of working alongside the iconic actor. 

The actress was questioned about working with Shah Rukh Khan at the Dish TV Smart+ services launch. Shah Rukh Khan was the face of the brand in the yesteryears.  On which she expressed, "Oh my God, it would be a dream come true to work alongside Shah Rukh Sir. It will be such a joy just to be in the same frame as him. I am an ardent fan and I can't wait for that day to happen." 

The actress also opened up about the roles that attract her, "I think roles which scare the hell out of me. It should make me feel that I can't do it. It needs to give me sleepless nights and I just want to offer a different character to the audience every time I come on screen with different stories, not the same character wearing different clothes. I wouldn't want to do that .Because I don't enjoy watching that as an audience and I hope I am able to offer that versatility to people just like Dish TV Smart+ Services." 

Just like Shah Rukh Khan, Radhika also began her journey in the entertainment industry with a Television show. The actress was last seen in Saas, Bahu Aur Flamingo and Sajini Shinde Ka Viral Video.

Anushka Sen and Kush Jotwani talk about their romantic chemistry in Prime Video’s upcoming series, Dil Dosti Dilemma

Prime Video’s upcoming young-adult series, Dil Dosti Dilemma’s trailer has created a fervour and excitement amongst audience, which is increasingly palpable as they await the premiere of the series on April 25. The overwhelming response was meted with another treat in the form of a soothing romantic song, Dil Sheher, which has everyone swooning over not just the soundtrack but also the sparkling chemistry between the newest on screen jodi of Anushka Sen and Kush Jotwani aka Asmara and Farzan.

“Spending time with Anushka, both on and off set, felt natural, and soon, our chemistry started reflecting in our characters too. We hit it off instantly. Each scene with Anushka felt so real, like I was just being myself,” expressed Kush Jotwani. 

Talking about contrast in the characters which makes this pairing so perfect, Ansuhka added, “My favorite aspect, undoubtedly, is the bond between Asmara and Farzan, two vastly different individuals. We unraveled the complexities of Asmara's character and her psyche through workshops and deep dives into the script, which was very different from Farzan. She is excited about almost everything in her life, while Farzan takes everything calmly.”

Garnering immense love from fans, the lead pair are sure to strike a chord with audiences across ages. Directed by Debbie Rao, the series brings to life a delectable tale that tugs at the heartstrings while capturing the essence of summer escapades. Dil Dosti Dilemma will premiere exclusively on Prime Video in India and across more than 240 countries and territories worldwide, on April 25.

Main Ladega's song Tujhse Pyaar Hai will make you reminisce about the innocence of first love

Akash Pratap Singh's Main Ladega is ready to release on the big screens soon. And while the film's trailer pointed at an impressive story being told, now, a song from the film is also here to stir the soul. Called Tujhse Pyaar Hai, the song encapsulates the feeling of falling in love for the first time. 

What is also great about this romantic number is that it not only reminds you of the innocence of first love but also brings back the nostalgia of the early 2000s with its music. Sung by Tushar Joshi, Tujhse Pyaar Hai features Akash Pratap Singh and Vallari Viraj. The lyrics of the song have been written by Anwesha Datta Gupta, while the music director for this one is Akshay Menon.

Produced by Akshay Bhagwanji & Pinakin Bhakta. The lead actor Akash Pratap Singh has also written the story. Main Ladega is directed by Gaurav Rana. Presented as well as produced by Kathakaar Films which was founded by Akshay Bhagwanji and Akash Pratap Singh, Main Ladega will be released in theaters on 26th April 2024.

Mumbai Comic Con Wraps Up with a Bang, A Celebration of Pop Culture and More!

~ Comic Con India, the country's premier pop-culture celebration is back in the city of dreams. From celebrity appearances to exclusive merchandise, and top notch cosplayers from India and around the  globe at the ultimate weekend for pop culture enthusiasts !~

Mumbai, India – 22nd April - The city of dreams, Mumbai witnessed an exhilarating weekend of the year for all things pop culture. Comic Con India brought pop culture enthusiasts from across the city for its last of this season's event. The event served as a haven for cosplay enthusiasts and spectators alike, offering a gateway to a world where fantasy and reality collide. The weekend was filled with interactive activities, games, and an array of merchandise, keeping the spirit of Comic Con soaring high. 

Presented by Maruti Suzuki Arena, powered by Crunchyroll and in association with Android, Mumbai Comic Con 2024 treated every attendee to an exclusive copy of Spiderman-India (No.1 Issue) comic book, in collaboration with Marvel Comics. The event showcased comics in a big way with a slew of upcoming publishing houses and Indian artists like Indusverse, Holy Cow Entertainment, Acid Toad, Garbage Bin, Bullseye Press, Bakarmax, Art of SAVIO, and Abhijeet Kini  and many more along with International guests Jason Loo and GUY Delisle graced the event. The event saw immense love pouring in for popular movies, games and comic book characters like Itachi, Luffy, Goku, Deadpool & Wolverine, Spidermans, Batman, Viper (Valorant), Victor (Pubg shooter), Subzero (Mortal Kombat), Franklin (GTA), Xiao, Zhongli (Genshin Impact), Brimstone (Sage) and so much more.

The venue buzzed with excitement as new comic book launches took center stage, including Karejwa by Bakarmax, Monday To Friday by Corporat Comics, Ghosts of South India by Abhijeet Kini, Minnal Murali by Tinkle Comics, and the announcement of Suppandi’s birthday by Google Android. Art Guy Rob conducted a captivating session igniting nostalgia among audiences.

A special panel on Demon Slayer, featuring voice-over artist Natsuki Hanae, stole the spotlight, while the dynamic duo Rohan Joshi and Sahil Shah delivered yet another hilarious session of Binge-O-Clock. Popular rapper MC Altaf set the stage on fire with his rap, and the cast of Lakadbaggha also made an appearance. DJ Kazu and Shahrule kept the crowd grooving with their electrifying beats and rap. The talented comedian Harsh Gujral brought laughter to everyone with his wit.

Speaking about the thrilling weekend celebration, Jatin Varma, Founder, Comic Con India, said, “The excitement and enthusiasm that the celebration brings along with boundless creativity and passion of pop culture enthusiasts at Comic Con, fills me with immeasurable joy. Each edition of Comic Con has been a rewarding journey, and Mumbai, as the final stop, embodies the vibrant spirit of our community. The infectious energy witnessed at our shows creates memories that last a lifetime. I am grateful to our audience for their unwavering support and participation and eagerly anticipate more unforgettable moments in the editions to come.”

MC Altaf shared, "Mumbai Comic Con is very close to my heart as it's my home turf.  Performing here was a memorable experience that I will always cherish."

Comedian Harsh Gujral said, "This is my first Comic Con experience. I think the energy in the audience was exceptional. I was scared in the beginning to perform in the open, but I was really surprised. People were enjoying the entire event while also paying attention to all the various performances happening and that's what I loved the most. The vibe and energy of the audience was commendable."

Comic artist and cartoonist Jason Loo said, "Working with Marvel comics is always a dream.  I'm always amazed at every project I do, I get to draw or write this character today like Thor or Captain  America; this is awesome, and Mumbai Comic Con has been overwhelming. It has exceeded all my expectations with the high energy and enthusiasm of all the fans. I've never been shown this kind of love before in any kind of show. I would definitely like to be back for another Comic Con in India."

On April 20th-21st, 2024, the event also featured The Arena – a dedicated gaming expo, featuring amazing experiences, tournaments, free play zones as well as the opportunity to meet & greet with leading streamers. Key Event Partners include brands such as CELIO, HDFC, Comedy Central, OnePlus, Android, NYX Cosmetics, McDonald’s & VH1. 

–XX–

About Comic Con India:

THE BEST WEEKEND OF THE YEAR!

Comic Con India is the biggest celebration of pop culture on the subcontinent. With multiple shows held across India, attracting over 200K+ fans annually and millions more digitally. We bring together a series of fandoms of various elements of pop culture ranging from comics, toys, merch, anime, cosplay, TV, movies, gaming & more.

Social Media:

Instagram: www.instagram.com/comicconindia

Facebook: www.facebook.com/comicconindia

Official Hashtag: #ComicConIndia

Wockhardt Hospitals, Mira Road Rolls Out Immunization Program Catering to People of All Age Groups

Mumbai: A team of doctors have come together to bring awareness about Vaccination catering to all age groups at Wockhardt Hospitals, Mira Road. Millions of children are being deprived of essential routine vaccinations, putting their lives at risk. Not only does vaccination safeguard individual health, but it also plays a significant role in enhancing immunity by preventing the spread of contagious illnesses. Vaccinations offer long-term benefits by reducing the burden on healthcare systems and preventing unnecessary hospitalizations. Emphasizing the importance of vaccination and creating a safer environment for everyone, Wockhardt Hospitals, Mira Road conducts an immunization program catering to people of all age groups.

The COVID-19 pandemic has led to a decline in routine childhood vaccines with nearly 67 million children missing out on one or more potentially life-saving vaccines, according to a UNICEF report titled “The State of the World's Children 2023”. There is also an alarming surge in cases of measles in the country as a large number of children have fallen prey to this vaccine-preventable condition. In 2022, an estimated 11 lakh children missed their first dose of the measles vaccine in India, placing the country among the ten nations with the highest measles vaccination gap, even post-pandemic, a report from the World Health Organization and the US Centres for Disease Control and Prevention (CDC) reveals. The report also highlights India as one of the 37 countries that experienced outbreaks, recording 40,967 cases in 2022. (https://indianexpress.com/article/india/11l-children-in-india-missed-1st-measles-shot-in-22-report-9031554/)

Doctors highlights on Immunity is nothing but power to prevent infections, vaccines produce immune reactions from the body without producing disease. When someone receives the Measles, Mumps, and Rubella (MMR vaccine), it triggers a similar immune response as if the body had encountered the pathogens naturally. In India, there are vaccines for 26 diseases but typically only 10-12 diseases are vaccinated against. Vaccination is crucial for people of all ages, including adolescents, pregnant women, and the elderly over 40, and helps protect against various infections such as Influenza, Pneumonia, and Hepatitis. The DTaP vaccine is crucial for combating Diphtheria, Tetanus, and Whooping cough (pertussis), while the MMR vaccine is effective against Measles, Mumps, and Rubella. Meningitis can be prevented with the Meningococcal vaccine, chicken pox due to the varicella vaccine, polio with the IPV vaccine, and pneumonia through the pneumococcal vaccine. The government also provides HPV vaccines to raise awareness about Cervical Cancer Prevention. 

Dr Ankit Gupta, Paediatric Critical Care Specialist, Wockhardt Hospitals, Mira Road explained, “Vaccination rates are declining across the nation, affecting both children and adults due to a lack of awareness about immunization. Those with mumps present with severe headaches, Encephalitis, and symptoms such as headaches, fever, seizures, unconsciousness, altered sensorium, CSF flow obstruction leading to long-lasting complications in the brain, orchitis an inflammation of one or both testicles causing infertility in men due to mumps and skipping MMR vaccine. The cases of empyema, a complication of pneumonia caused by not receiving the pneumonia vaccine, are on the rise. 

"Despite the government offering free vaccines, many people are still not getting vaccinated, leading to complications. Unvaccinated children born just before or during the COVID-19 pandemic are now suffering from various vaccine-preventable disease. The children who missed their vaccinations have now aged out of routine immunization programs and are considered zero-dose children who are not vaccinated at all even with the first dose. Boosting vaccination rates in children through targeted campaigns that educate parents will be beneficial. By highlighting the benefits of vaccinations in preventing serious diseases and debunking common myths, parents can make informed decisions for their children's health,” concluded Dr Badshah Khan, Consultant Paediatrics, Wockhardt Hospitals, Mira Road

“Optional vaccines such as Pneumococcal Vaccine, flu vaccine, Varicella vaccine for chickenpox, Hepatitis A vaccine should be given to adult. Flu or influenza vaccine should be taken every year by people of all age groups especially Diabetes, Kidney, Heart, and Lung disease patients. Every year based on the mutation of the virus, a new vaccine is administered to adults. Even Pneumococcal vaccine should be given to high-risk populations having Kidney, and Heart Disease, taking Chemotherapy, and those awaiting Transplant. Pneumonia can be fatal in those who are immunosuppressant. Females are given Gardasil vaccine for prevention of Cervical Cancer for HPV-associated cancers ideally till puberty age. The Shingles vaccine is given to the geriatric population after 50 for the prevention of herpes zoster (HZ). These vaccines are available for adults in the country. Flu is like an epidemic, Influenza should be included in the mass vaccination program for the benefit of everyone,” concluded Dr Jinendra Jain. Consultant Internal Medicine, Wockhardt Hospital, Mira Road.

Age Group For

After Birth Hepatitis B vaccine. Ideally, the first dose is given within 12–24 hours of birth, but kids not previously immunized can get it at any age. Some low birth weight infants will get it at 1 month or when they're discharged from the hospital.

1–2 months

• HepB: Second dose should be given 1 to 2 months after the first dose.

2 months and 4 months Pneumococcal conjugate vaccine, Rotavirus vaccine, Inactivated poliovirus vaccine, Haemophilus influenzae type b vaccine, Diphtheria, tetanus, and acellular pertussis vaccine

6 months Diphtheria, tetanus, and acellular pertussis, Haemophilus influenzae type b vaccine and Pneumococcal conjugate vaccine

6 months and annually Influenza (Flu)

6 months to 18 months Hep B and IPV

9 months of age measles, mumps, and rubella (MMR)

15-18 months • Hib

• MMR: Measles, mumps, and rubella (German measles) vaccine. Sometimes given together with the varicella vaccine and called MMRV.

• PCV

• Varicella (chickenpox)

12–23 months

• Hep A: Hepatitis A vaccine; given as 2 shots at least 6 months apart

•

15–18 months

• DTaP•

4–6 years

• DTaP

• MMR

• IPV

• Varicella•

11–12 years

• HPV, tdap, 

Above 50 years • Pneumococcal conjugate vaccine is now approved in India for those >50 y for the prevention of pneumonia and invasive pneumococcal disease

• Shingles Vaccine

Every Year • Influenza Vaccine