SPIRIT OF MUMBAI

Forensic Audit found that a charity’s funds were misused by illegal erstwhile trustees  Mumbai, 30th April 2024:   Mr. Prashant Mehta, Permanent Trustee at Lilavati Hospital & Research Centre, Bandra Mumbai has exposed the financial misconduct revealed in the ongoing investigation into financial irregularities within the institution. This significant development highlights his dedication to transparency and accountability in handling the results of forensic audits that unearthed a major financial fraud amounting to Rs. 500 crores by erstwhile trustees’ board, making it the serious medical scam. Present during the press conference were Mr. Prashant Mehta- Permanent Trustee, Mr. Saurav Sharma- Trustee, Mr. Mohit Mathur and Adv. Mohammed Asim Shaikh.  Following the order dated December 14, 2023, the Founder Permanent Trustees Mr. Kishor Mehta and Mrs. Charu Mehta have officially appointed Mr. Prashant Mehta, Mr. Rajiv Mehta, Mr. Rajesh Mehta, Mr. Sanjay Shroff, Mr. ...

  The SME Initial Public Offering of Storage Technologies and Automation Limited was subscribed 2.76 times on the first day of bidding. The issue received bids of 75,88,800 shares against the offered 27,50,400 equity shares, at a price band of ₹76-78, according to the data available on the SME platform of BSE.  Retail Portion was subscribed 4.99 times, Non-Institutional Investors Portion was subscribed 1.63 times, whereas Qualified Institutional Buyer Portion subscribed 0.02 times. The issue kicked off for subscription on Tuesday, April 30, 2024 and will close on Friday, May 03, 2024.  OneView Corporate Advisors Private Limited is the sole book-running lead manager and Integrated Registry Management Services Private Limited is the registrar to the issue. The equity shares are proposed to be listed on SME Platform of BSE Limited.  Company Information Storage Technologies and Automation Limited was incorporated in the year 2010 by its promoter Mr. Mohammed Arif and Mr....

  Shares of Heating Equipment Maker JNK India Limited made a heating debut on the exchange at a premium of 50%, higher than the IPO’s issue price of Rs 415.  The scrip listed Rs 620 per share on BSE and Rs 621 per share on NSE, at a premium of 49.40% and 49.64% respectively. The company's share price closed at Rs 693.95 per share on the BSE, a 67.22% premium, and at Rs 692 per share on the NSE, a 66.75% premium. As per NSE, the total quantity traded stood at 216.25 lakh shares, on BSE the total Quantity stood at 14.37 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 1545.66 crore.  Mr. Arvind Kamath, Chairperson – JNK India Limited, said "We extend our heartfelt gratitude to all our esteemed investors for their unwavering support and confidence as we embark on this exciting journey of listing our units on the exchange. Your commitment fuels our drive towards greater success, and we look forward to delivering exceptional value as we grow together. Thank you for b...

HIGHEST EVER ANNUAL NET PROFIT AT ₹ 14,019 CRORES DECLARES FINAL DIVIDEND OF ₹ 5 PER SHARE    Mumbai, 30th April 2024: The Board of Directors of REC Limited, today approved the audited standalone and consolidated financial results for the quarter & year ended 31st March 2024.    Operational and Financial Highlights: Q4 FY24 vs Q4 FY23 (Standalone)  Revenue from operations: ₹ 12,613 crore vs. ₹ 10,113 crores, up 25%  Total income: ₹ 12,643 crore vs. ₹ 10,124 crores, up 25%  Net interest income: ₹ 4,407 crore vs. ₹ 3,409 crore, up 29%  Net Profit: ₹ 4,016 crore vs. ₹ 3,001 crore, up 34%  Total Comprehensive Income: ₹ 5,183 crore vs. ₹ 3,645 crore, up 42%  Yield: 10.03% vs. 9.65%, up 38 bps  Average cost of funds: 7.14% vs. 7.17%, reduction by 3 bps  Spread: 2.89% vs. 2.48%, up 41 bps  Net interest margin: 3.60% vs. 3.29%, up 31 bps  Return on net worth: 24.06% vs. 21.34%, up 13%   Operational and Financial Highlights: 12M FY24 vs ...

MGM+ becomes the 23rd Channel to launch on Prime Video in India. A premium streaming service, MGM+ offers an expansive line-up of critically acclaimed series, blockbuster movies, and evergreen classics, available as an add-on subscription, only on Prime Video Channels, for ₹599 per year With Prime Video Channels, part of Amazon’s video entertainment marketplace, customers get friction-free and convenient access to a wide range of premium content available at a single destination—Prime Video, through add-on subscriptions    *MUMBAI—April 30, 2024—* Prime Video, India’s most loved entertainment destination, has launched MGM+ on Prime Video Channels. MGM+ offers an extensive and enthralling selection of entertainment including critically acclaimed and popular series, blockbuster movies and timeless classics primarily from the iconic Hollywood studio, MGM. Prime members can purchase an annual add-on subscription to MGM+ at a special price of ₹599 per year. With an add-on subscript...

OSHO MEDITATION & DISCOURSE IN THE PRESENCE OF Dr. SWAMI SHAILENDRA SARASWATI (OSHO’S ANUJ) AND MA AMRUT PRIYA  MUMBAI, 30TH April 2024: Past President of Hindustan Chamber of Commerce and Executive Committee Member of FICCI Shikharchand Jain & M/s. Rishi Enterprises, Mumbai have organized inauguration of their newly developed building ‘Sojat Swarna” on the morning of Wednesday,1st May 2024. The auspicious inauguration will be carried out by Dr. Swami Shailendra Saraswati ( younger brother of Osho) and Ma Amrut Priya. The Guests of Honour of the function will include Maharashtra Cabinet Minister Mangal Prabhat Lodha, MLA Speaker Rahul Narvekar and Erstwhile Judge K.K. Tated. Swami Shailendra Saraswati and Ma Amrut Priya, who have 6 Acre Ashram in Sonipat, will deliver a discourse on great confluence of Materialism & Spiritualism during the inauguration. During the inaugural function of Sojat Swarna Bhawan at Kalbadevi on 1st May, there will be Osho Meditation, Discourse...

  Pune, April 29, 2024:  The Board of Directors of Poonawalla Fincorp Limited, a non-deposit taking   systemically important   NBFC   focusing on   consumer   and   MSME finance,   today announced   its   audited   financial   results   for   the   quarter   and   year   ended   March   31,   2024.   The Company continued to register robust financial performance, demonstrating strong growth in   AUM,   Profitability,   and   superior   asset   quality. Key   Highlights   –   Q4FY24:   Assets: Ø    Highest   Ever   Quarterly   Disbursement:   Achieved   the   highest   ever   quarterly   disbursement   of   ₹   9,688   crore ,   up   52 %   YoY   and   11%   QoQ Ø    Assets   Under   Management   (...

 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 propo...

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 innovat...

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 proj...

  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...

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, po...

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 comm...