Utkarsh Small Finance Bank continues to expand its presence! Launches its 900th Banking Outlet. At Khunti, Ranchi, Jharkhand.

Highlights:

Yet another milestone achieved with the launch of its 900th banking outlet at Khunti, Ranchi, Jharkhand

Opened 7 banking outlets today across Bihar, Jharkhand and Uttar Pradesh

Extending banking facilities including micro banking loan facilities through the JLG model, to low-income individuals in these regions

Offering a range of financial products and services to support residents and entrepreneurs in their financial growth

Mumbai: Utkarsh Small Finance Bank Limited (Utkarsh SFBL) proudly announces the inauguration of 900th outlet of the Bank at Khunti, Ranchi, Jharkhand. This milestone is part of a broader expansion, which includes 7 new outlets launched today across Bihar,Jharkhand and UttarPradesh. With this, the Bank now operates 81 banking outlets in Jharkhand and a total of 903 outlets nationwide.

Customers in Khunti, Ranchi will now have access to a wide range of the Bank’s products and services. These include savings accounts, current accounts, fixed deposits, recurring deposits, and various loan products such as housing loans, business loans, loans against property, credit, insurance, and investment products. The Bank's extensive infrastructure, digital banking capabilities, and ATM network aim to provide integrated customer service.

Commenting on the expansion, Mr. Govind Singh, MD & CEO of Utkarsh Small Finance Bank Limited,"Today is a landmark day for us as we inaugurate our 900th banking outlet of the Bank at Khunti, Ranchi, Jharkhand. Jharkhand is a significant state for us, and the inauguration of our 7 new banking outlets across Bihar, Jharkhand and Uttar Pradesh further reinforces our commitment to these regions. Our new banking outlets will not only foster local entrepreneurship but would also provide essential resources to strengthen the financial resilience to enhance the livelihoods of these entrepreneurs and individuals alike”.

These banking outlets will offer micro-banking loans for business development services to underprivileged or low-income individuals or groups who have limited access to financial services. The JLG model of group lending involves a peer-guarantee loan model, enabling individuals to take loans without providing collateral or security on an individual basis, while promoting credit discipline through mutual support within the group and prompt repayment of their loans. These loans aim to give the required capital to expand your business. Utkarsh Small Finance Bank offers Micro banking JLG loan products that are tailor made to suit the individuals to kick-start their entrepreneurial journey. This helps the individual start, build or expand their entrepreneurial journey seamlessly.

Customers can access banking services through various channels such as Banking Outlets, Micro ATMs (during banking hours), Internet banking, Mobile banking, Unified Payment Interface (UPI), and the Call Centre.

Additionally, the Bank provides facilities for customers to open a bank account without visiting the banking outlet through the tablet-based application-assisted model, “Digi On-Boarding”.

DHN Forum Mumbai Highlighted Innovation, Scalibity & Investment as 3 Pillars of Digital Health Transformation

Mumbai, 31 May 2024* : The DHN Forum Mumbai has concluded on the promising lines of empowering the regional health ecosystem, with discussions centered on digital transformation, innovation, and collaboration among healthcare stakeholders.

Digital Health News (DHN), the leading force behind India's digital health transformation, has launched the DHN Forum during a conference held at the prestigious Taj Lands End, Mumbai, aimed to come up with different signature events in different cities and accelerate India's journey towards a digitally empowered healthcare landscape.

The primary goal of establishing the DHN Forum is to bring together all the regional healthcare ecosystems, creating a platform for collaboration among health tech startups, pharmaceutical companies, med tech firms, and hospitals. This forum aims to foster discussions on achieving digital health transformation within their respective organizations. Ultimately, the objective is to make healthcare accessible and reachable for everyone, enhancing the delivery of healthcare services.

The DHN Forum will serve as the path-breaking platform in India, strategically designed to enhance the overall health scenario across the country. With a dedicated commitment to fostering collaboration and innovation, DHN remains at the forefront of transforming India's healthcare system, aligning closely with the Digital India and Make in India initiatives. Besides, DHN will continue its industry event series with new forums planned in Bangalore, Mumbai, Delhi, Chennai, Lucknow, Ahmedabad, and Kolkata throughout 2024.

Distinguish guests, including Feby Abraham, EVP, Chief Strategy & Innovations Officer - Memorial Hermann Health System, Houston, TX; Niel Gomes, Chief Digital Officer at Ameri Health Caritas in Philadelphia; Dr DivleenJeji, Indian Lead at Google Health; Dr Nandkumar Jairam, Chairman, MedicaSynergie Hospitals; Dr. Girish Kulkarni, Chairperson of Chime India; Arvind Sivaramakrishnan, CIO- Karkinos Healthcare; Kumar KV, CIO of Narayana Health; Narendra Singh, Program Manager (Adoption) For Ayushman Bharat Digital Mission, National Health Authority; Ganesh Chellappa, Head of Support Services- PAM, Manageengine; Ripu Bajwa, General Manager- Data Protection Solutions, Dell Technologies, graced the event with their valuable presence, enriching discussions with their expert knowledge and insights.

During the conference, attendees engaged in discussions revolving around the convergence of influential trends shaping the Indian healthcare sector, including the rapid growth of the digital economy, increasing digital intensity in healthcare, and evolving consumer expectations.

Additionally, the conference was centred on the purpose of digital transformation in meeting the evolving needs of healthcare consumers. Speakers highlighted imperative strategies for hospitals and the entire healthcare system to swiftly embark on the digital transition, focusing on accessibility, personalization, and connectivity in healthcare delivery.

Vishnu Saxena, Founder and CEO of Digital Health News and ScaleHealthTech, addressed the audience at the launch of DHN Forum, stating, "Our mission is to empower healthcare organizations across India to embrace digital technologies. By doing so, we can drive a transformation that is both comprehensive and regional, ensuring that every part of the country benefits from advancements in digital health. The DHN Forum is a crucial platform that brings together leaders from various sectors to share insights, strategies, and solutions. This collaboration is vital for accelerating the adoption of digital health innovations and improving healthcare delivery nationwide."

Narendra Singh, Program Manager (Adoption) of the Ayushman Bharat Digital Health Mission at the National Health Authority (NHA), remarked, "The purpose of ABDM is to establish a national digital health ecosystem that is integrated, effective, and inclusive. Our interoperable frameworks, open protocols, and consent artefacts enable citizens, public and private healthcare providers, digital innovators, and other stakeholders to come together for equitable digitization of healthcare across the country. With over 624 million Unique Health IDs (ABHA IDs) generated, 278,342 health facilities registered, and 366,982 healthcare professionals enlisted, ABDM exemplifies India's commitment to digital healthcare."

Key outcomes and insights that emerged from the event emphasized the critical role of collaboration among industry stakeholders, technology developers, and healthcare leaders in fostering innovation. Participants with mammothindustry experience explored new ideas and technologies aimed at enhancing care delivery, improving patient outcomes, and driving operational efficiency.

Cybersecurity, a crucial element for successful digital health transformation, was one of the principal topics on which Industry experts shared their insights, highlighting crucial elements, areas for heightened vigilance, and strategies for managing risk to safeguard cybersecurity.

"Digital transformation is inevitable; it's not a matter of if, but when. Either you adapt or get left behind. The patient, now seen as a consumer, is at the heart of this digital revolution," Mr Saxena added.

This World No Tobacco Day 2024, P. D. Hinduja Hospital & Medical Research Centre Sheds Light on the Impact of Tobacco Consumption on People and Planet

Mumbai, 30th May 2024: The detrimental effects of tobacco consumption extend beyond individual health, impacting the environment and society at large. In a poignant initiative to mark World No Tobacco Day 2024, P. D. Hinduja Hospital & Medical Research Centre created a striking installation featuring several four-foot-tall cigarettes hanging from trees by nooses. This symbolizes the pervasive impact of tobacco use on people and the environment. P.D. Hinduja Hospital seeks to create awareness and educate the public about the urgent need to quit tobacco and advocate for a healthier life and safe environment.

According to the WHO, India is the second-largest consumer and producer of tobacco with over 270 million active users and faces significant repercussions from tobacco consumption. Annually, 1.35 million Indian lives are lost due to this habit.  Moreover, the tobacco industry's global footprint includes generating over 170,000 tons of waste and deforesting 600 million trees . Each tree felled produces merely enough paper for 15 packs of cigarettes. This stark reality underscores how tobacco consumption not only impacts human lives but also contributes to deforestation, soil degradation, and environmental pollution.

Mr. Gautam Khanna, CEO, of P. D. Hinduja Hospital and Medical Research Centre, expressed his support for the initiative, stating, “On this World No Tobacco Day, let us remind ourselves of the far-reaching consequences of consuming tobacco. By highlighting the impact on both human health and the environment, we hope to inspire individuals and communities to take decisive action against tobacco use. We are committed to fostering a healthier society and a cleaner environment.”

In India, the prevalence of tobacco use remains a significant public health challenge. The Global Adult Tobacco Survey (GATS) indicates that in India, of all adults, 28.6% currently consume tobacco either in smoked or smokeless form, including 42.4% of men and 14.2% of women. Smoking is a major contributor to respiratory diseases, cardiovascular conditions, and cancer in India . 

Dr. Lancelot Mark Pinto, Consultant Pulmonologist and Epidemiologist, P. D. Hinduja Hospital and Medical Research Centre, shared, “Our daily interactions with patients underscore the devastating impact of tobacco consumption on health, causing respiratory diseases, cardiovascular conditions, and even cancer. This installation highlights the need for comprehensive tobacco control, addressing health and environmental concerns, to mobilise collective efforts to reduce tobacco use and promote sustainability.”

The World No Tobacco Day Installation event not only underscores the critical need for tobacco cessation but also emphasizes the importance of environmental stewardship. Through this unique and visually impactful initiative, P.D. Hinduja Hospital and Medical Research Centre hopes to galvanize the community towards a future free from the detrimental effects of tobacco.

About P. D. Hinduja Hospital & Medical Research Centre: 

P. D. Hinduja Hospital & Medical Research Centre, part of the Hinduja Group, started as a clinic in 1951 and is today ranked as one of the leading multi-specialty tertiary care hospitals in the country. For over seven decades, this institute has worked to ensure that world-class healthcare delivery is provided to all. It currently has two units, one at Mahim with 400 beds and the other at Khar with 100 beds. Both the units are equipped with state-of-the-art infrastructure and have on-board some of the best nationally and internationally recognized doctors. P. D. Hinduja Hospital, Mahim has always been an early adopter of technology in delivery of care; being amongst the first few hospitals in the country to bring in the most advanced fully integrated Robotics System, Gama Knife, Digital Broadband MRI with ambient themes, True Beam Linear Accelerator and more. Quality care being the focus, it was amongst the early few hospitals that has been accredited and certified by NABH, CAP, and ISO. It continues to partner with leading International Institutes, latest being an arrangement with The Division of AIDS (NIAID, NIH), U.S.A, to establish a centre of excellence for infectious disease research in India. P. D. Hinduja Hospital has consistently been bestowed with several Best Multi-Specialty Hospital awards by different industry bodies. In the Newsweek World's Best Hospital Survey in 2023 for the 3rd time, it was ranked No.1 in western India, 3rd amongst private hospitals in India and 6th amongst all hospitals in India. On the Charity front, the hospital provides free or concessional treatment to the needy and also runs the Serve with Passion rural health programme, under which free healthcare services are provided to the tribal areas in Maharashtra.

For further information, please contact: 

P. D. Hinduja Hospital & MRC 

Dr. Bindu Chauhan (9773421118)

bindu.chauhan@hindujahospital.com 

 

Kronox Lab Sciences Limited’s Initial Public Offering to open on Monday, June 3, 2024, price band set at ₹129/- to ₹136/- per Equity Share

• Price Band of ₹129/- – ₹136/- per equity share bearing face value of ₹10/- each (“Equity Shares”)

• Bid/Offer Opening Date – Monday, June 3, 2024 and Bid/Offer Closing Date – Wednesday, June 5, 2024.

• Minimum Bid Lot is 110 Equity Shares and in multiples of 110 Equity Shares thereafter.

• The Floor Price is 12.90 times the face value of the Equity Share and the Cap Price is 13.60 times the face value of the Equity Share

Risks to Investors

 

 

Mumbai, May 29, 2024: Vadodara based Kronox Lab Sciences (“Kronox” or “Company”), manufacturer of high-purity speciality fine chemicals, has fixed the price band of ₹129 to ₹136 per Equity Share of face value ₹10 each for its maiden initial public offer. The Initial Public Offering (“IPO” or “Offer”) of Equity Shares of the Company will open on Monday, June 3, 2024, for subscription and close on Wednesday, June 5, 2024. Investors can bid for a minimum of 110 Equity Shares and in multiples of 110 Equity Shares thereafter.

The public issue is entirely an offer-for-sale (OFS) up to 95,70,000 equity shares by Promoters.

Kronox’s High Purity Speciality Fine Chemicals portfolio has more than 185 products. The products are used mainly for applications across pharmaceuticals, nutraceuticals, biotech, animal health, scientific research, agrochemicals, personal care, amongst others. Kronox exports to more than 20 countries with major exports to USA, United Kingdom, Mexico, Australia, Egypt.

The Company has 3 manufacturing facilities and a Research, Development and Testing (“RDT”) laboratory, situated at Vadodara, Gujarat. Additionally, the Company has acquired land at Dahej, Gujarat to set up a new manufacturing plant. The Company has 122 products under various phases of research and development.

For Fiscal 2023, Kronox generated a consolidated revenue from operations amounting to ₹. 95.6 crores growing at CAGR of 23.70% over Fiscal 2021 to 2023, EBITDA of ₹ 22.0 crores and EBITDA margin of 23.01% Profit after tax of ₹ 16.6 crores with PAT margin of 17.04%. The Company’s Return on Equity (RoE) and Return on Capital Employed (RoCE) stood at 37.2% and 49.9% respectively for Fiscal 2023. 

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

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

KRONOX LAB SCIENCES LIMITED is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated May 28, 2024 with the RoC. The RHP is made available on the websites of the SEBI (www.sebi.gov.in), BRLM (www.pantomathgroup.com), NSE (www.nseindia.com), BSE (www.bseindia.com) and the Company (www.kronoxlabsciences.com). Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section titled “Risk Factors” beginning on page 31 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but can only rely on the information included in the Red Herring Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act or any state securities laws in the United States, and unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and in accordance with any applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States in “offshore transaction” in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where such offers and sales are made. There will be no public offering of Equity Shares in the United States.

LISTING: The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the Stock Exchanges. Our Company has received ‘in-principle’ approvals from BSE and NSE for the listing of the Equity Shares pursuant to their letters each dated March 14, 2024. For the purposes of the Offer, the Designated Stock Exchange shall be NSE. A copy of the Red Herring Prospectus and the Prospectus shall be filed with the RoC in accordance with Sections 26(4) and 32 of the Companies Act, 2013. For details of the material contracts and documents available for inspection from the date of the Red Herring Prospectus until the Bid/ Offer Closing Date, see “Material Contracts and Documents for Inspection” on page 389 of the RHP

DISCLAIMER CLAUSE OF SEBI: SEBI only gives its observations on the offer documents and this does not constitute approval of either the Offer or the specified securities stated in the Offer Document. The investors are advised to refer to page 315 and 316 of the RHP for the full text of the disclaimer clause of SEBI. 

DISCLAIMER CLAUSE OF BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to the page 317 of the RHP for the full text of the disclaimer clause of BSE 

DISCLAIMER CLAUSE OF NSE (The Designated Stock Exchange): It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Offer Document. The investors are advised to refer to page318 of the RHP for the full text of the disclaimer clause of NSE.

Indian buyers encouraged to Invest in Greece in a Mediterranean Home and obtain Permanent Residency in Europe, at an affordable INR 2. 5 Cr before the regulations change on August 31

The much vied-for Greece Golden Visa, (Permanent Residency) is currently one of the most affordable residency programmes in Europe and across the world, that provides global high-net worth individuals (with family) and investors a permanent home in Europe along with ‘ visa-free travel across Europe’. Free health and education as well as the freedom to set up a business in the county are among other benefits of the PR

This entry price investment is set to double in cost to a minimum of €400,000 from the current €250,000 starting September. 

Indians, who’ve always dreamt of buying a holiday home in Greece, can avoid the impending price increase by taking prompt action and advancing their property purchases with Leptos Estates before August 31 in exotic locations such as Paros, Crete, and Santorini 

Mumbai: May 30, 2024: Owning a dream holiday home in Greece as well as a Golden Visa with Permanent Residency, is set to become more expensive for all from August 31, 2024. In September, the Greek government will implement new laws that will double the minimum investment required for global citizens to own real estate in Greece. 

Leptos Estates, a prominent real estate and property development firm specializing in residential, commercial and holiday residences including premium apartments and luxury villas in Greece and Cyprus, invites high-net worth individuals and investors from India to act swiftly and make their property investments in Greece before the rules change later this year. 

Over the last few years, the popularity and demand for Greece’s Golden Visa Programme launched in 2013, has surged leading the Greek government to reconsider the entry points for real estate investment and Permanent Residency. 

As per the new rule regarding Greece’s Golden Visa Program that is expected to be effective on August 31, 2024, there will be two minimum investment slabs for real estate transactions in the country. In Tier I, which comprises popular areas like Attica, Thessaloniki, Mykonos, Santorini, and the islands, the minimum investment is expected to go up to €800,000 from the current €500,000; and in Tier II that covers all other regions of Greece, the entry point will go up to €400,000 from the current €250,000. 

“As the deadline approaches, prices are expected to surge, potentially making the dream of owning a Greek home less attainable for Indian investors. We urge high net-worth individuals and investors to grab this unique once-in-a-lifetime opportunity to secure Permanent Residency in Greece while enjoying the chance to make promising returns on their investment at a minimum cost of an affordable €250,000. Once the new rules come into effect, the cost will double, and it will be a great chance missed. We have some aesthetically and sustainably designed, fully functional apartments and villas across Greece and in regions like Paros Crete, and Santorini that would make great homes for global citizens,” said Sanjay Sachdev, Group Marketing Director, Leptos Estates.

Investors can still apply under the current €250,000 minimum threshold if they pay a 10% deposit by Aug 31, 2024, and finalise the investment by December 31, 2024. 

Among the several benefits of owning both a home and a Permanent Residency in one of the world's oldest civilisations is visa-free travel within Europe’s Schengen area, high returns from Greece’s booming real estate market, perfect weather through the year and a chance to experience the charming, idyllic Mediterranean culture. 

The Residency is applicable to the whole family (married spouse, children under 21 years old, and parents of the main applicant and spouse) with eligibility to apply for citizenship also

Foreign homeowners in Greece are not required to reside in Greece and residence permits can be acquired within 6 months. Owners also have the option to rent out their investment property.

To raise awareness about the new rules coming into effect in September 2024, the Leptos Estates team, led by Sanjay Sachdev, Group Marketing Director, is conducting a series of roadshows in India. The team will be in Mumbai at Trident Hotel, BKC on 1st June, 2024.

About Leptos Estates:

Leptos Estates is a six-decade, family-run, real estate and property development firm that specializes in property sales from residential, commercial and holiday residences including premium apartments and luxury villas in Cyprus and Greece. It is a ‘one-stop-shop’ to handle all your PR needs from start to finish

With verticals like travel/Insurance/Rental/Resales/Maintenance etc

The group has an extensive land bank, owning prime locations in Cyprus and Greece (Athens, Paros, Santorini, and Crete).

Leptos Estates is part of the Leptos Group headquartered in Paphos, Cyprus, that operates businesses in the hospitality, education and healthcare sectors. 

The organisation has achieved its success through an international network of sales service in 75 countries, its vast investment in land purchasing and an effective after-sales service support.

RECPDCL Hands Over Khavda IV-E2 Power Transmission Ltd to Power Grid and NERES XVI Power Transmission Ltd to Techno Electric

Gurugram, 30th May: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, handed over two project specific SPVs (Special Purpose Vehicles) on 30th May 2024, namely, Khavda IV-E2 Power Transmission Limited and NERES XVI Power Transmission Limited formed for the implementation of Inter-State Transmission Schemes of Ministry of Power for “Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase- IV(7 GW): Part E2” and “North Eastern Region Expansion Scheme-XVI (NERES-XVI)” respectively’. 

M/s Power Grid Corporation of India Limited emerged as the successful bidder with respect to the ISTS scheme “Transmission System for Evacuation of Power from potential renewable energy zone in Khavda area of Gujarat under Phase- IV (7 GW): Part E2” and M/s Techno Electric & Engineering Company Limited was selected as the successful bidder for the “North Eastern Region Expansion Scheme-XVI (NERES-XVI)”. 

The respective Transmission Service Providers (TSPs) were selected via Tariff-based Competitive Bidding (TBCB) process. RECPDCL was the Bid Process Coordinator for both the projects.

The SPVs were handed over to the successful bidders in presence of Shri P. S. Hariharan, Chief General Manager & HOD (Transmission), RECPDCL and other senior officials of RECPDCL & CTUIL. 

About RECPDCL:

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has been providing knowledge-based consultancy and expert project implementation services to more than 50 State power distribution companies/Power Departments of States. RECPDCL has been acting as Bid Process Coordinator (BPC) for Tariff Based Competitive Bidding (TBCB) in Transmission Line Projects & RE-Bundling projects. Under PMDP projects, RECPDCL has been executing critical infrastructure upgradation projects in distribution and transmission sectors in the UT of J&K and Ladakh.

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 19 States and Union Territories for the Revamped Distribution Sector Scheme (RDSS). REC has also been made National Program Implementation Agency (PIA) of PM Surya Ghar Muft Bijli Yojna. The loan book of REC stands at ₹ 5.09 lakh crore and Net Worth at Rs. ₹ 68,783 crore as on 31 March, 2024.

Avneet Kaur Mesmerizes and Shines in the Poster of Her Upcoming Film; We Can't Wait to see her

Finally, the secret is out. A few days ago, Avneet posted a hint about a new collaboration that caused a lot of buzz in the industry. Avneet Kaur shares a glimpse of her upcoming film, Luv Ki Arrange Marriage.

Avneet Kaur, the talented and charming actress, has once again captivated her fans with the poster of her upcoming film, leaving everyone eagerly anticipating its release.

Known for her versatility and natural charisma, Avneet Kaur has been winning hearts with her performances, and the poster of her upcoming film is no exception. Her enigmatic gaze and confident demeanor in the poster have already sparked a buzz among her fans. 

Sharing the poster of her film, she wrote, "Here’s the Major Reveal📢 Band, baja, baarat aur parivaar! 🥁🎺This wedding season, get ready to experience the confusion! 💐 #LuvKiArrangeMarriage coming soon, only on #ZEE5."

Watch her post here-

https://www.instagram.com/p/C7lUeCryy8_/?igsh=cnRjOWl4NnFmdGth

Avneet Kaur's ability to mesmerize and shine in the poster of her upcoming film is a testament to her talent and screen presence. Her fans, as well as the larger audience, are eagerly looking forward to witnessing her performance and experiencing the story that the poster promises.

 Avneet Kaur's upcoming film has already created a stir with its captivating poster, and the anticipation for its release continues to build. Anveet has also announced her upcoming international film, Love In Vietnam a few days back at the Cannes Film Festival which marked her debut at the prestigious festival, making her the Youngest Indian Actress to walk the red carpet.

Innova Captab Limited reported a strong set of numbers for FY 24 with Revenue from Operations at ₹1,081.31 crore and Profit After Tax at ₹ 94.35 crore

Mumbai: 29th May 2024: Innova Captab Limited (BSE: 544067, NSE: INNOVACAP)  is an integrated pharmaceutical company in India with a presence across the pharmaceuticals value chain including research and development, manufacturing, drug distribution and marketing and exports has announced its financial results for the last quarter and full year ended March 31st, 2024

Financial Performance: FY24 v/s FY23

• Total Income for the FY 24 stood at ₹ 1,093.79 Crore against ₹ 935.58 Crore in FY 23 with growth of 16.9% over FY 23.

• Revenue from Operation has increased to ₹ 1,081.31 Crore in FY 24 from ₹ 926.38 Crore in FY 23, registering a growth of 16.7%.

• The Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) stands at ₹ 166.94 Crore in FY24, as against ₹ 122.85 Crore in FY 23, with an increase of 35.9%.

• Profit After Tax (PAT) is ₹ 94.35 Crore in FY 24 as against ₹ 67.95 Crore in FY 23, registering a growth of 38.9%.

• Earnings per share (EPS) for FY 24 is ₹ 18.66, against ₹ 14.16 in FY 23

• For FY24, net cash generated from operating activities stood at ₹ 146 Crore, against ₹ 67 Crore in FY 23.

Financial Performance: Q4FY24 v/s Q4FY23

● Revenue from operation is ₹ 262.63 Crore in Q4 FY24 as against ₹ 240.95 Crore of previous year registering a growth of 9.0%.

● The Company’s EBITDA stood at ₹ 43.76 Crore in Q4 FY24 against ₹ 29.42 Crore of previous year registering a growth of 48.7%.

● Profit After Tax (PAT) stood at ₹ 28.72 Crore in Q4 FY24 against ₹ 17.25 Crore of previous year registering a growth of 66.5%.

Commenting on the results, Vinay Lohariwala, Managing Director, - Innova Captab Limited said, For FY24, we reported a total income of ₹ 1,094 crore with a growth of 16.9% compared to the previous year. Our all business areas are getting good traction and are expected to grow at a healthy rate in the coming years.

Over the last 3-4 years, we have grown at a healthy rate of ~ 20% CAGR. With our upcoming Jammu facility and recent Sharon acquisition, we are positively looking forward to maintaining the same healthy growth rate over the next 3-4 years.

As a company we continue to drive sustainable growth by exploring new opportunities and focusing on value-added products. Indian pharmaceutical companies are set to experience significant growth in the mid to long term, as both domestic and global manufacturers seek reliable and sustainable suppliers like us.

About Innova Captab Ltd  : https://www.innovacaptab.com :  

The foundation of Innova is their in-house research and development which helps to focus on building complex product portfolio. As a major CDMO player, Innova caters to India’s top 14 out of 15 pharmaceuticals companies and have license to manufacture products through four state of the art manufacturing facilities at Baddi - Himachal Pradesh, Dehradun - Uttarakhand and at Taloja - Maharashtra while maintaining WHO-GMP, EU-GMP, UK-MHRA and other major registrations with these facilities.

By Q2’FY25, the upcoming greenfield plant in Jammu is expected to be commercialized and commence operations in all the four blocks i.e cephalosporin, penicillin, penum and BFS to manufacture oral solid dosages, dry powder injections, dry syrup, BFS and respiratory respule products. 

With the acquisition of Sharon in June’23, Innova aims to create long-term synergy with additional product offerings like formulations and APIs.

For more information, contact: 

___________________________________________________________________________

Mr. Lokesh Bhasin

Email : investors@innovacaptab.com

www.innovacaptab.com

DISCLAIMER:

Certain statements that are made in the Press Release may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like significant changes in the economic environment in India and overseas, tax laws, inflation, litigation, etc. Actual results might differ substantially from those expressed or implied. Innova Captab Ltd. will not be in any way responsible for any action taken based on such statements and discussions; and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Zoya Gin Wins ‘Campaign Innovator of the Year’ at ICONS OF GIN INDIA 2024 Awards and ‘New Product of the Year’ at Ambrosia Awards, INDSPIRIT 2024

 

Allied Blenders and Distillers Limited (“ABDL”) tastes success with back-to-back wins at Icons of Gin India 2024 Awards and Ambrosia Awards, INDSPIRIT 2024 

Mumbai, 27th  May 2024:  Zoya Special Batch Premium Gin (“Zoya Gin”) from Allied Blenders and Distillers Limited (“ABDL”) has won the ‘Campaign Innovator of the Year Award’ at the ‘ICONS OF GIN INDIA 2024’. The award recognizes ABDL's launch campaign for Zoya Gin with “Live, Love, Rejoice” and its “Zoya Tales” original cocktail programme. 

The ICONS OF GIN INDIA award follows ABDL's win for the New Product of the Year for Zoya Special Batch Premium Gin at the Ambrosia Awards, INDSPIRIT 2024. 

Bikram Basu, Chief Strategy & Marketing Officer, ABDL, remarked, "Our wins with Zoya Special Batch Premium Gin at ICONS OF GIN INDIA 2024 and Ambrosia Awards, INDSPIRIT 2024, after launching in January 2024, underscore ABDL's dedication to producing contemporary brands that appeal to consumer tastes and preferences."

Arvind Hangal, Marketing Director, ABDL, adds, "Zoya Special Batch Premium Gin is the first gin from ABDL in the premium spirits category, in line with our stated portfolio strategy.”

Allied Blenders and Distillers Limited launched Zoya Special Batch Premium Gin in January 2024 as part of its Premium Brands Vertical.

About ZOYA Gin:

Zoya Special Batch Premium Gin is made from 100% grain and natural spirits, with juniper and 12 botanicals to give it a beautiful, fresh and unique finish.

About Allied Blenders and Distillers Limited:

Allied Blenders and Distillers Limited (“ABDL”) is the largest Indian-owned Indian-made foreign liquor (“IMFL") company and the third largest IMFL company in India, in terms of annual sales volume between Fiscal 2014 and Fiscal 2022. Its flagship brand, Officer's Choice Whisky has been one of the top selling whisky brands globally in terms of annual sales volumes between 2016 and 2019. The Sterling Reserve brand and ICONiQ White Whisky, its premium, semi-premium and deluxe offerings respectively, are Millionaire Brands’ or brands that have sold over a million 9-litre cases in one year. The company has a portfolio that has presence in spirit categories of whisky, brandy, rum and vodka and as of August 31, 2023, it has exported its products to 14 international markets. As of August 31, 2023, its network includes 9 owned bottling units, 1 owned distillery and 23 non-owned manufacturing units.

Disclaimer: Allied Blenders and Distillers Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, an initial public offering of its equity shares and has filed a draft red herring prospectus dated January 15, 2024 (“DRHP”) with the Securities and Exchange Board of India (“SEBI”). The DRHP is available on the website of SEBI at www.sebi.gov.in, the Company website at www.abdindia.com and the websites of the Book Running Lead Managers - ICICI Securities Limited, ITI Capital Limited and Nuvama Wealth Management Limited (formerly known as Edelweiss Securities Limited) at www.icicisecurities.com, www.iticapital.in and www.nuvama.com, respectively and the websites of BSE Limited and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com, respectively. 

Investors should note that investment in equity shares involves a high degree of risk and for details refer to the Red Herring Prospectus, including the section titled “Risk Factors” of the

 Red Herring Prospectus, when available. Potential investors should not rely on the DRHP for any investment decision.

For the future of Indian girls, leading singers Shreya Ghoshal & Sunidhi Chauhan sing India’s own Period Song, in partnership with Whisper

The world-renowned singers have joined Whisper to help Keep Girls in School via spreading the message of ‘Period ka Matlab, Healthy Hain Aap’ 

Mumbai: May 28, 2024 – Whisper, India’s leading feminine-care brand from Procter & Gamble, has created history by launching the nation’s own Period Song, with India’s biggest voices – Shreya Ghoshal and Sunidhi Chauhan. Both the musicians created their own versions of the ‘Period Song, launching it today on World Menstrual Hygiene Day.  Whisper has provided period education to over 100 million girls and women till date and are shining the spotlight on the early onset of menstruation among young girls in the fifth edition of its popular Keep Girls in School movement. Through this catchy tune with very relevant, educative lyrics for young minds, the intent is to get every Indian to sing it and believe – Periods is a sign of being healthy.

Shreya Ghoshal and Sunidhi Chauhan created their own version of the period song, through which they taught school children about menstruation, who later joined them by singing along and dancing to the tune. 

“I am so excited to sing India’s own period song, which I hope, will reach every citizen of India and empower young girls to live their lives confidently and without fear - both in school and outside of it. It is shocking that girls are getting periods as early as the age of 8 which makes it even more critical for Whisper’s period song to break societal taboos by educating girls early on and preventing school dropouts. The song is so catchy and joyful that it plays in my mind throughout the day, and I can’t resist humming it. It is a great way to tell all boys and girls that – Periods ka matlab healthy hai aap. It is a song that India truly needed and I’m proud to be associated with it,” said Sunidhi Chauhan. 

"I am honoured to lend my voice for Whisper's period song. It's so important to educate young children about periods so that they are prepared and there is no fear. Our effort is to let young girls know that getting their periods irrespective of their age means that they are healthy. Girls are getting their periods as early as the age of 8, and this puts about 26 million girls in India at the risk of dropping out of school without proper period education and products. Kudos to Whisper to taking the initiative and normalising periods by teaching young children about it. I was so happy to create the song in different languages, so it can truly become the song of the nation,” said singer Shreya Ghoshal

Studies show that one in five girls have been at the risk of dropping out of school due to lack of period education and products*. With girls starting periods at as early as the age of 8 years, this could escalate further. Without period awareness, 26 million girls could be at the risk of dropping out of school^. Whisper’s Keep Girls in School program has been working on normalising periods and providing girls with the right education and period products, so that they don’t have to compromise on their future and can continue staying in school.  Till date Whisper has taught over 100 million girls and women about periods and distributed sanitary pads. Every year, they go to over 50,000 schools to conduct period education sessions.

Shreya Ghoshal sang the mukhda, or "face of the song," Periods Ka Matlab Healthy Hai aap in eight different languages including Hindi, Tamil, Bengali, Marathi and many others: truly making it the song of the Nation on periods.

‘The song has been originally composed and directed by music director Aman Pant, and via clever use of music, Whisper has given a wonderful tool to the society, to educate young girls and boys about periods. With the biggest voices in the country picking this the momentum, it can really help break taboos and normalise periods as a sign of being a strong and healthy girl. 

REC wins ‘Sustainability Champion – Editor’s Choice Award’ at the Outlook Planet Sustainability Summit & Awards 2024

Gurugram, 28 May 2024: REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has been honored with the ‘Sustainability Champion – Editor’s Choice Award’ at the ‘Outlook Planet Sustainability Summit & Awards 2024’. The Award ceremony was organised by Outlook Group, in collaboration with IIT Goa.

Smt. Saraswathi, Senior General Manager, REC’s Mumbai Office, received the award at an event held in Goa.

This award recognizes REC’s commitment to sustainability initiatives and its efforts in driving progress towards a greener future.

The award highlights the corporation’s pledge to sustainability initiatives, leading the path toward a greener future. REC has been a front-runner in catalyzing India's energy transition. Its plans are intricately aligned with the global thrust towards clean energy sources, and the company remains committed to being the leading financier of India’s energy transition. REC is geared to invest significantly in sustainability initiatives, reflected in its current loan portfolio of approximately ₹38,971 crore under renewable energy. With a visionary target of improving the renewables mix to around 30% of projected loan book of about 10 lakh crore by 2030.

               

The Outlook Planet Sustainability Summit & Awards is a prominent platform that brings together industry leaders, policymakers, and sustainability advocates to celebrate and promote excellence in sustainable practices. This year's summit featured insightful discussions, innovative ideas, and recognized the remarkable achievements of organizations dedicated to sustainability.

 

 

ABOUT REC LIMITED

 

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

 

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

***

 

प्रेस विज्ञप्ति

आरईसी ने आउटलुक प्लैनेट सस्टेनेबिलिटी समिट एंड अवार्ड्स 2024 में 'सस्टेनेबिलिटी चैंपियन - एडिटर्स च्वाइस अवार्ड' जीता

 

गुरुग्राम, 28 मई 2024 : आरईसी लिमिटेड, विद्युत मंत्रालय के अधीन महारत्न सीपीएसई और अग्रणी एनबीएफसी, को 'आउटलुक प्लैनेट सस्टेनेबिलिटी समिट एंड अवार्ड्स 2024' में 'सस्टेनेबिलिटी चैंपियन - एडिटर च्वाइस अवार्ड' से सम्मानित किया गया है। इस पुरस्कार समारोह का आयोजन आईआईटी गोवा के सहयोग से आउटलुक ग्रुप द्वारा किया गया।

 

आरईसी के मुंबई कार्यालय की वरिष्ठ महाप्रबंधक, श्रीमती सरस्वती ने गोवा में आयोजित एक कार्यक्रम में यह पुरस्कार प्राप्त किया।

 

यह पुरस्कार स्थिरता पहल के प्रति आरईसी की प्रतिबद्धता और हरित भविष्य की दिशा में प्रगति को आगे बढ़ाने के उसके प्रयासों को दर्शाता है।

 

यह पुरस्कार निगम की स्थिरता पहल की प्रतिबद्धता को रेखांकित करता है, जो हरित भविष्य की ओर अग्रसर है। आरईसी भारत के ऊर्जा परिवर्तन को आगे ले जाने में अग्रणी रहा है। कंपनी की योजनाएं स्वच्छ ऊर्जा स्रोतों की ओर वैश्विक प्रयासों को आगे बढ़ाना है, और कंपनी भारत के ऊर्जा बदलावों के अग्रणी फाइनेंसर बनने के लिए प्रतिबद्ध है। आरईसी स्थिरता पहल में महत्वपूर्ण निवेश करने के लिए तैयार है, जो नवीकरणीय ऊर्जा के तहत लगभग ₹38,971 करोड़ के उसके वर्तमान ऋण पोर्टफोलियो में परिलक्षित होता है। वो भी, 2030 तक लगभग 10 लाख करोड़ की अनुमानित ऋण पुस्तिका के लगभग 30% तक नवीकरणीय मिश्रण में सुधार करने के दूरदर्शी लक्ष्य के साथ है।

 

आउटलुक प्लैनेट सस्टेनेबिलिटी समिट एंड अवार्ड्स एक प्रमुख मंच है जो टिकाऊ प्रथाओं में उत्कृष्टता को बढ़ावा देने के लिए उद्योगों के अग्रणी लीडर्स, नीति निर्माताओं और स्थिरता समर्थकों को एक मंच प्रदान करता है। इस वर्ष के शिखर सम्मेलन में गहन चर्चाएँ, नवोन्मेषी विचारों और स्थिरता के लिए समर्पित संगठनों को उनके उल्लेखनीय उपलब्धियों के लिए पुरस्कृत किया गया।

 

आरईसी के बारे में –

 

आरईसी, विद्युत मंत्रालय के प्रशासनिक नियंत्रण के अधीन एक महारत्न कंपनी है और आरबीआई के साथ गैर-बैंकिंग वित्त कंपनी (एनबीएफसी), सार्वजनिक वित्तीय संस्थान (पीएफआई) और इंफ्रास्ट्रक्चर फाइनेंस कंपनी (आईएफसी) के रूप में पंजीकृत है। आरईसी उत्पादन, पारेषण, वितरण, नवीकरणीय ऊर्जा और इलेक्ट्रिक वाहन, बैटरी स्टोरेज, पंप स्टोरेज, ग्रीन हाइड्रोजन, ग्रीन अमोनिया परियोजनाओं जैसी अनेक नई प्रौद्योगिकियों सहित पूरे विद्युत अवसरंचना क्षेत्र को वित्तपोषित कर रही है। हाल ही में आरईसी द्वारा गैर-विद्युत अवसंरचना क्षेत्र में भी विविधता लाई गई है जिसमें राजमार्ग और एक्सप्रेस वे, मेट्रो रेल, हवाई अड्डे, आईटी संचार, सामाजिक और वाणिज्यिक बुनियादी ढांचा (शैक्षणिक संस्थान, अस्पताल), बंदरगाह जैसे अनेक क्षेत्रों जैसे इस्पात, रिफाइनरी आदि के संबंध में इलेक्ट्रो-मैकेनिकल (ई एंड एम) कार्य शामिल हैं। आरईसी लिमिटेड देश में बुनियादी अवसंरचना परिसंपत्तियों के निर्माण के लिए राज्य, केंद्र और निजी कंपनियों को विभिन्न परिपक्वता अवधि के ऋण प्रदान करती है।

 

आरईसी लिमिटेड विद्युत क्षेत्र के लिए सरकार की अग्रणी योजनाओं में प्रमुख रणनीतिक की भूमिका निभा रही है और प्रधानमंत्री सहज बिजली हर घर योजना (सौभाग्य), दीन दयाल उपाध्याय ग्राम ज्योति योजना (डीडीयूजीजेवाई) और राष्ट्रीय विद्युत निधि (एनईएफ) योजना के लिए नोडल एजेंसी के रूप में चुनी गई थी , इन योजनाओं के परिणामस्वरूप देश के अंतिम छोर तक वितरण प्रणाली को मजबूत बनाया गया तथा 100% ग्रामीण और घरेलू विद्युतीकरण किया गया। आरईसी को कुछ राज्यों एवं संघ राज्य क्षेत्रों की संशोधित वितरण क्षेत्र योजना (आरडीएसएस) के लिए भी नोडल एजेंसी बनाया गया है। केंद्र सरकार द्वारा आरईसी को ‘पीएम सूर्य घर मुफ्त बिजली योजना’ की जिम्मेदारी भी दी गई है। 31 मार्च 2024 के अनुसार आरईसी की लोन बुक ₹5.09 लाख करोड़ एवं नेट वर्थ ₹68,783 करोड़ है।

***

 

With kind regards,

Irfan Rashid

Ast. Manager (Corp Comm)

9596004578

Business Development and Marketing Division

REC Limited (A Maharatna CPSE under the Ministry of Power)

REC Corporate Office
Plot No. I-4, Sector-29

Near REC Limited IFFCO Chowk Metro Station

Gurugram - 122 001
Tel: 0124-444-1300

Email : recccprco@gmail.com; recccpr@recl.in
Website: www.recindia.nic.in

Suhana Khan, Shanaya Kapoor, Tamannaah Bhatia, Shraddha Kapoor, and Others Show Social Media Love for Ananya Panday’s Upcoming Series Call Me Bae!

Ananya Panday is set to make her long-format series debut in Prime Video’s highly anticipated Hindi Original, Call Me Bae, premiering worldwide on September 6. The streaming service recently amped up the excitement by unveiling a stunning new poster of Ananya as Bella 'Bae' Chowdhary, exuding glamour while poised atop a luxurious suitcase. The reveal sent social media into a frenzy, with fans and Bollywood stars showering the poster with love. From her BFFs Suhana Khan, Orry and Shanaya Kapoor to celebrities like Ibrahim Ali Khan, Tamannaah Bhatia, Shraddha Kapoor, Harman Singha, Guneet Monga, Deanne Panday, Kayoze Irani, Vasan Bala, Nakul Mehta, Pulkit Samrat, Karishma Tanna, Rasika Dugal, and Khushi Kapoor, all praised Ananya's striking look and expressed their excitement for the upcoming series.

Call Me Bae is the story of Bae, who is downsized from heiress to hustler and navigates her journey in Mumbai’s newsroom. Created by Ishita Moitra and directed by Collin D’Cunha, the series stars Ananya Panday alongside an ensemble cast featuring Vir Das, Gurfateh Pirzada, Varun Sood, Vihaan Samat, Muskkaan Jaferi, Niharika Lyra Dutt, Lisa Mishra, and Mini Mathur. Written by Ishita Moitra, Samina Motlekar, and Rohit Nair, the series is produced by Karan Johar, Apoorva Mehta, and Somen Mishra under the banner of Dharmatic Entertainment Pvt. Ltd. Call Me Bae will premiere exclusively on Prime Video on September 6, 2024, in India and over 240 countries and territories worldwide.

Konkan folktale finds new life in Maddock Films’ latest horror-comedy ‘Munjya’

Writer-director duo Niren Bhatt and Amar Kaushik, the minds behind the chilling hits ‘Stree’ and ‘Bhediya,’ are bringing a new horror comedy to life - ‘Munjya.’ This film draws inspiration from a popular Konkan folktale about a mischievous spirit called "Munjya," said to haunt peepal trees.

The story centers around the restless spirit of a man who died unmarried before a specific ceremony, "Sod Munja." Bhatt explains, "In a man's life, there are traditionally considered to be four stages: Brahmacharya (student), Grihastha (householder), Vanaprastha (retirement), and Sannyasa (renunciation). The Upanayan or Thread Ceremony, known as Munja in Marathi, marks the initiation of a child into the student phase. Sod Munja is another ceremony, usually performed as part of marriage rituals, signifying the end of the student phase and the beginning of the Grihastha phase. If a man dies unmarried after his munja has been performed but before his Sod Munja, he becomes a Munjya: A spirit who resides in peepal trees or near wells. The Marathi expression ‘Baaraa pimpla varcha munjya’ refers to someone with a restless spirit, akin to moving from one peepal tree to another."

Bhatt and Kaushik delved deep into the legend, visiting several places in Konkan where locals believe Munjas exist. Their research involved reading numerous books, watching real-life encounter videos, and of course, talking to the locals who have their own unique "Munjya stories."  Bhatt adds, "Everyone has a munjya story but has never actually met a munjya. ‘Kissi ke sarr pe baith gaya; kissi ko pathar se maara (Sat on someone's head; pelted someone with stones).’ A ceremony is conducted to control the bal rakshas (child demon). He is a monster but a child because he died young. He bothers people to fulfill his desires and usually wants to get married. Munjyas aren’t typically malicious; just juvenile, petty nuisances. They really seem to like pelting stones at those standing underneath trees." 

In Maddock Film’s ‘Munjya’ releasing on 7th June, the munjya somehow breaks free of the peepal tree and creates havoc.

Bhatt and Kaushik's films tap into a growing trend in Bollywood, bringing lesser-known folklore from diverse regions to the forefront. This follows the success of movies like Kantara, which revive age-old stories, passed down through generations. They explore the connection between the human world and the spirit realm.

This emphasis on regional folklore is evident in Bhatt and Kaushik's work. As Bhatt explains, "If you see the movies we have worked on, they also tell the tale of the milieu. Stree is from Chanderi; there are over 42 archaeological sites in the vicinity. So her legend is born out of that world. The architecture and the heartland tropes all indicate why such a tale would have come about. It is steeped in history. Similarly, Bhediya is from the jungles of North East. Local beliefs and ideas get woven into the film. In Munjya too, there is an attempt to weave in the subculture of the Konkan belt, their fears and beliefs make up the composite of the story we have written. The sea is a big part of the belief system."

Taking the helm for ‘Munjya’ which stars Sharvari, Abhay Verma, and Mona Singh, is director Aditya Sarpotdar, known for his Marathi horror flick ‘Zombivili.’ The creative team aims to deliver a one-of-a-kind horror-comedy experience, deeply rooted in the folklore and cultural beliefs of the Konkan region.

While the possibility of a future crossover between Munjya, Stree, and Bhediya exists, the filmmakers emphasize that each film was crafted as a standalone story. Kaushik says, "If a film works, it has the legs to be more—a sequel, a spin-off, a multiverse. We didn’t write Munjya as the male equivalent of Stree. We didn’t write Bhediya with the potential to cross wires with Stree either. But it’s a good thing that there are cross-connections. The possibilities are endless." 

Munjya 

coming to theaters on June 7th, 2024!

Ericsson tops Frost Radar™ 5G network infrastructure market ranking for fourth year running

 For the fourth consecutive year, Ericsson has been ranked as the leader in the Frost Radar™ 5G Network Infrastructure Market 2024 analysis, highlighting the impact of the company’s strategy to meet the evolving needs of communications service providers (CSPs).

Maintaining top ranking in the Frost Radar™ report over the past years has shown that Ericsson’s investments in R&D and across a wide product portfolio – which includes all areas of 5G network infrastructure as well as previous generations of network infrastructure – is valued in a market where technology is constantly evolving. 

The report has also acknowledged Ericsson’s sustained focus on offering the latest and lightest energy-saving products and solutions. It also touched on the company’s Open RAN plans.

Fredrik Jejdling, Executive Vice President and Head of Networks at Ericsson, says: “The latest Frost Radar report highlights our unwavering commitment to innovation and technology leadership through the most competitive portfolio. In a challenging market, we remain focused on our customers and move forward with even greater determination.”

 

Commenting on Ericsson’s top ranking, Troy Morley, Industry Principal, at Frost & Sullivan’s Information & Communication Technology group, says: “Ericsson has done an excellent job keeping its current customers and adding new customers, including significant replacement wins over competitors. Ericsson has a significant pipeline of customers that have yet to move to 5G but will over the coming years.” 

Ericsson currently powers *160 live 5G networks in 68 countries, which is the highest level that Frost & Sullivan has seen publicly reported.

“Ericsson’s strategy continues to center on CSPs’ evolving needs in all areas of the world,” Morley says. “However, with its 2020 acquisition of Cradlepoint, Ericsson also is expanding its role with enterprise customers.”

The report has also discussed the importance of the open and virtual RAN movement and the belief that eventually open and virtual RAN will be the norm. “Ericsson’s step into offering Open RAN solutions in 2024 will help make this movement a reality,” Morley says. “The company plans to offer O-RAN-compliant solutions in 2024; Frost & Sullivan believes this will result in significant growth in open and virtual RAN revenue.”

Commenting further on the report, Morley says: “Energy efficiency has been a buzzword for a few years and Ericsson continues to tout solutions that are smaller and lighter and that save energy, answering its customers’ needs. This will continue with its traditional RAN solutions and accelerate with its new Open RAN offerings.”

The Frost Radar report measures growth rates in addition to absolute revenue and combines them with several other factors to measure companies’ performance along the Growth Index. The report also measures innovation for each company by assessing its product portfolio, the scalability of its innovations, the efficacy of its R&D strategy, and several other factors.

The latest report from business consulting firm Frost & Sullivan reaffirms Ericsson’s leadership in the 5G network infrastructure market, which spans radio access networks (RAN), transport networks, and core networks. 

Download the full report: Frost Radar™: 5G Network Infrastructure Market, 2024

###

NOTES TO EDITORS:

Ericsson currently supports  162 5G live networks in 69 countries 

Ericsson’s 5G network infrastructure portfolio comprises 5G RAN, 5G Core, and 5G Transport that address all aspects of 5G deployment – from providing low latency and higher bandwidth to ensuring instant response times for users and lower power consumption per delivered gigabyte for CSPs. Ericsson’s 5G network offering also includes Ericsson Radio System, 5G Carrier Aggregation, Ericsson Spectrum Sharing, network slicing, service automation, and 5G monetization. CSPs are empowered with 5G solutions that enable the modular approach when switching to the cloud-native 5G network or expanding their network for new business opportunities. 

Ericsson's Private 5G networks are tailored to drive Industry 4.0 digitalization through secure and powerful 4G LTE and 5G standalone (SA) connectivity. This enables organizations to optimize and simplify operations with reliability, flexibility, low latency, and security along with Ericsson's best-in-class radio portfolio.

RELATED LINKS:

Ericsson tops Frost Radar 5G Network Infrastructure ranking

Ericsson acquires Cradlepoint

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About Ericsson

Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company’s portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency and find new revenue streams. Ericsson’s innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York. http://www.ericsson.com

Aimtron Electronics Limited’s SME Initial Public Offering to open on Thursday, May 30, 2024, price band set at ₹153/- to ₹161/- per Equity Share

• Price Band of ₹153/- – ₹161/- per equity share bearing face value of ₹10/- each (“Equity Shares”)

• Bid/Offer Opening Date – Thursday, May 30, 2024 and Bid/Offer Closing Date – Monday, June 03, 2024.

• Minimum Bid Lot is 800 Equity Shares and in multiples of 800 Equity Shares thereafter.

• The Floor Price is 15.3 times the face value of the Equity Share and the Cap Price is 16.1 times the face value of the Equity Share

Mumbai, Tuesday, 28 May 2024: Aimtron Electronics Limited (“Company”) is engaged in the business of providing products and solutions towards ESDM services with a focus on high value precision engineering products, has fixed the price band of ₹153/- to ₹161/- per Equity Share of face value ₹10/- each for its maiden initial public offer. 

The public issue is entirely a fresh issue of 5.40 million equity shares with no offer-for-sale (OFS) component.

The Company, in consultation with the BRLM, has allotted a pre-IPO placement of 4,64,000 equity shares by way of a private placement at an issue price of ₹148 per equity share (including a premium of ₹ 138 per equity share) for an aggregate consideration of ₹6.87 crore. Accordingly, the issue size has been reduced.

Aimtron Electronics started in 2011 as a pure play PCB designer and assembler and over the years it has become one stop electronics system design and manufacturing (“ESDM”) solution provider.

The Company provides product and solutions right from printed circuit board (“PCB”) design and assembly to the manufacturing of complete electronic systems (“Box Build”), to certain domestic and global manufacturers located in India, United States of America, Hongkong, United Kingdom, Spain, Mexico.

It offers tailored solutions for customers’ needs, encompassing automated micro-electronics assembly and precision component integration. Its solutions involve its client providing the design for the product for which it provides manufacturing services or in some cases require the company to design the relevant product based on the specifications provided by the client including manufacturing of the product. Its solutions primarily comprise of printed circuit board assembly (“PCBA”), any box build assemblies in addition to finding its application in battery management systems used in electrical vehicles and design solutions offering end to end services right from conceptualizing the design, engineering, product prototype development, manufacturing of turnkey requirements for the customers. Through its end-to-end capabilities, it believes its customers may achieve tangible benefits such as reduced manufacturing costs, improved supply chain management and reduced inventory obsolescence.

It operates through its two manufacturing facilities, one situated in Vadodara, Gujarat and the other situated in Bengaluru, Karnataka.

Aimtron Electronics Limited has turnaround to a profit of Rs 8.63 crores in the FY23, from a loss of Rs 1.80 crores in the previous year. Revenue from operations during the FY23 increased significantly to Rs 71.58 crores from Rs 26.32 crores in the previous year, an increase of 171.98%, primarily due to an increase in the sales of printed circuit board assembly ("PCBA"). Further during FY 23 it started manufacturing operations in Bengaluru that led to addition of new customer base. 

For nine months ended December 31, 2023, revenue from operations stood at Rs 67.07 crores, and profit after tax stood at Rs 9.77 crores.

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

Hem Securities Limited is the sole book-running lead manager. The Company’s equity shares are proposed to be listed on the SME Platform of NSE (“NSE Emerge”).

Aimtron Electronics Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares the Red Herring Prospectus dated May 23, 2024 has been filed with the Registrar of Companies, Ahmedabad, and thereafter with SEBI and the Stock Exchanges. The RHP is available on the website of NSE at https://www.nseindia.com/companies-listing/corporate-filings-offer-documents and is available on the websites of the BRLM at www.hemsecurities.com. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, please refer to the Red Herring Prospectus including the section titled “Risk Factors” beginning on page 29 of the Red Herring Prospectus. 

The Equity Shares 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 unless so registered, and may not be issued or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable U.S. State Securities laws. The Equity Shares are being issued and sold outside the United States in 'offshore transactions' in reliance on Regulation “S” under the Securities Act and the applicable laws of each jurisdiction where such issues and sales are made. There will be no public offering in the United States.

LISTING: The Equity Shares Issued through this Red Herring Prospectus are proposed to be listed on the SME Platform of NSE (NSE EMERGE) in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Ltd. (“NSE”). 

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 has been filed with SEBI. In terms of the SEBI Regulations, the SEBI shall not issue any observation on the Offer Document. Hence there is no such specific disclaimer clause of SEBI. However, investors may refer to the entire Disclaimer Clause of SEBI beginning on page 231 of the Red Herring Prospectus. 

DISCLAIMER CLAUSE OF THE SME PLATFORM OF THE NSE (THE DESIGNATED STOCK EXCHANGE): It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Offer Document. The investors are advised to refer to the Offer Document for the full text of the Disclaimer Clause of NSE.

Konkona Sen Sharma joins the P&G Shiksha movement to #StandUpForLearningGap in a child’s education

 

P&G Shiksha launches a nationwide movement to spotlight the learning gaps, through a power-packed panel

Since its launch in 2005, P&G Shiksha has continued to make holistic educational interventions, impacting over 45 lakh children across the country.

Mumbai, May 27, 2024:  P&G Shiksha, the flagship CSR program of P&G India  launched its new campaign - #StandUpForLearningGaps, to spotlight the issue of learning gaps in children, which affects over 6 crore children in the country as per National Achievement Survey 2021. While access to education has improved significantly, ensuring quality learning outcomes remains a challenge. A thought-provoking panel discussion highlighted the impact of these learning gaps on children who perpetually keep trying to cope, and often face mockery or ridicule owing to lack of public understanding on learning gaps.

The engaging panel discussion centred around the theme #StandUpForLearningGap, moderated by Priyanka Khanna, Author and Former Journalist, brought together a diverse group of speakers: Konkona Sen Sharma, two-time National Award-Winning Actress / Indian Actress and Filmmaker, Abhishek Desai, Vice President - Brand Operation and Category Leader - Grooming, P&G India and Rahul Dua, Stand-up Comic. The panellists discussed the challenges faced by children with learning gaps through their own experiences while growing up, as well as the importance of collaboration between educators, parents, and the community to create a supportive learning environment for all children in India. Konkana and Rahul also took a test to determine their own learning levels, spotlighting the need to focus on conceptual understanding and building a strong foundation. At the event, P&G Shiksha unveiled its new campaign film – a first-of-its-kind that uses relatable humour and a stand-up sequence to engage audiences, prompting them to take notice of learning gaps and stand up for the cause.

The film takes a leaf from memes flooding the internet recently where – children are seen struggling to respond or being mocked if they give a wrong answer to a question. In fact, as per a Forbes report, a recent video of a child incorrectly answering to a journalist was one among the top 10 most searched memes in 2023 in India. However, this laughter often masks a more serious issue: a lack of understanding that hinders a child’s academic progress. When faced with a question they don’t understand, they might struggle or be made fun of if they give the wrong answer. Therefore, this year, P&G Shiksha is recreating a life-like situation through the campaign, where it leverages humor to engage the audience, helping them take a pause to realize the issue of learning gaps. One’s entertainment, can be other’s crisis! With a completely fresh outlook, the campaign “Stand Up for Learning Gap” aims to address this problem and urge collective action.

Speaking on the occasion, Actor Konkona Sen Sharma remarked, “I truly believe education is essential for unlocking a child's full potential.  Through my association with P&G Shiksha, I’ve become acutely aware of the learning gaps that affect many children who fall behind expected learning levels. Children who may not know the right responses, may face mockery or ridicule. When I first saw the film, the question stayed with me for a while – Would you laugh if it was your child? It's encouraging to see that P&G Shiksha is not only driving awareness about these gaps, but also working to bridge them with effective interventions. Awareness is the first step towards action, and I am glad to be part of this journey with P&G Shiksha. Together, we can create an environment where every child is encouraged to reach their full potential through holistic education. Together, lets #StandUpForLearningGap."

Speaking about the new film, Abhishek Desai, Vice President – Brand Operation and Category Leader – Grooming, P&G India said, “For 19 years now, P&G Shiksha has championed access to education for millions of underprivileged children in India, impacting over 45 lakh children. We have reinforced this with our commitment to driving large-scale awareness regarding learning gaps, which impact over 6 crore children in India. These gaps can lead to frustration, a lack of understanding, and even ridicule. However, what often gets missed is the reason 

behind. By raising a pertinent question - “Would you laugh, if this happened with your child?” we are seeking to educate parents, guardians, teachers and well-wishers on the existence and impact of learning gaps, while also empowering them to identify and take steps to bridge these. We can come together to #StandupForLearningGap. Timely action can unleash a child’s full potential in leveraging education as an enabler for a brighter future.”

P&G India's flagship CSR program, P&G Shiksha, has been working to provide access to education to underprivileged children since 2005, impacting over 45 lakh children.

As part of this, to improve learning outcomes in children, P&G Shiksha leverages AI-backed technology with 'Mindspark', a computer-based adaptive learning tool, in partnership with Educational Initiatives. The program also implements on-ground remedial learning interventions in partnership with Pratham Education Foundation, using both community-based and in-school models supported by trained volunteers and teachers. Additionally, P&G Shiksha focuses on early childhood education through Pratham Education Foundation, developing motor, cognitive, social-emotional, language, and creative skills in children to prevent learning gaps, and laying a strong foundation as they begin school.

The film opens with a stand-up act by Comic Rahul Dua in which he showcases memes where children stumble on basic math questions. While laughter erupts amongst the audience, the mood shifts as Rahul shares his own childhood struggle with similar concepts.  He highlights the plight of over 6 crore children who face learning gap leading to a moment of realisation and posing a powerful question "Would you laugh if it was your child?” Further emphasizing the reality of learning gaps, the film then showcases P&G Shiksha's on-ground interventions with NGOs to address these gaps and empowers viewers to act and #StandUpForLearningGap.

Watch the film here: https://www.youtube.com/watch?v=IZ_p1zoOgxM