SPIRIT OF MUMBAI

Mumbai, July 31, 2024: Ceigall India Limited, an infrastructure construction company, having completed over 34 projects across ten states in India with experience in undertaking specialized structural work such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, metros, expressways and runways, has garnered Rs. 375.20 crores from anchor investors ahead of its initial public offering that opens for public subscription on Thursday, August 1, 2024. The company informed the bourses that it allocated 93,56,581 equity shares at Rs. 401 per share on Wednesday, July 31, 2024, to anchor investors. Foreign and Domestic Institutions who participated in the anchor were Nomura Funds Ireland Public Ltd – India Equity Fund, ICICI Prudential Flexicap Fund, HDFC Smallcap Fund, HDFC Trustee Company Ltd, Nippon Life India Smallcap Fund, Kotak Infrastructure & Economic Reform Fund, Axis Mutual Fund, Bandhan Infrastructure Fund, SBI General Insurance Company, Nataxis Internat...

  Meetha by Radisson’s new store located in Borivali Radisson Hotel Group is delighted to announce the expansion of Meetha by Radisson with the opening of two new stores in Mumbai. Building on the remarkable success of its flagship store in Goregaon, Meetha by Radisson is now set to savor sweet enthusiasts in Borivali and Bandra. This expansion is a testament to the Group’s vision of strengthening its food and beverage portfolio and driving innovation in India’s branded mithai (sweets) industry. Meetha by Radisson is the Group’s premium offering of curated Indian sweets and is developed and conceptualized by Chef Rakesh Sethi and his exceptional team. Each sweet creation at Meetha by Radisson embodies a perfect harmony of tradition and luxury and is created using hand-picked, finest, and freshest ingredients to ensure a memorable experience. Currently, these are available for take-away or home delivery in Mumbai and Delhi NCR.  The two new stores offer an exquisite selection o...

Gurugram, 30th July: REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power & a leading NBFC, handed over a project specific SPV (Special Purpose Vehicle) viz, NERGS-I Power Transmission Limited to M/s Techno Electric & Engineering Company Limited, formed for establishment of new 400 kV switching station at Bokajan in Assam and LILO (loop‐in and loop‐out) of both circuits of Misa – New Mariani 400 kV D/c line at Bokajan in Assam. M/s Techno Electric & Engineering Company Limited emerged as the Transmission Service Provider (TSP) for the scheme through Tariff-based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator.  The SPV was handed over by Shri T.S.C. Bosh, CEO, RECPDCL to Shri Dinesh Parikh, General Manager (Commercial), Techno Electric & Engineering Company Limited in the presence of senior officials of RECPDCL, Central Transmiss...

New Delhi, July, 29, 2024: NIIT Institute of Finance, Banking and Insurance (NIIT IFBI), a subsidiary of NIIT, today announced the launch of the “ACE Banker Program” in collaboration with HDFC Bank, India’s largest private sector bank. A key component of NIIT’s Talent Pipeline as a Service (TPaaS) initiative, this programme aims to recruit and train customer service professionals for HDFC Bank. The ACE Banker Program is designed to address the evolving needs of the banking sector by equipping participants with the essential skills and knowledge required to excel in customer service roles at HDFC Bank. This comprehensive full-time program includes 45 days of residential training at NIIT University’s Campus. Upon completion of the course, candidates will receive a joint certificate from HDFC Bank and NIIT Limited and would be offered jobs, subject to the terms and conditions of the Program.  Pankaj Jathar, Chief Executive Officer, NIIT Ltd., said, "At NIIT, we are dedicated to foste...

 Successfully pilots seamless SA and NSA switch on its 5G network in select few circles Smartphone Original Equipment Manufacturers (OEMs) to push the NSA and SA combined binaries with carrier aggregation functionality Mumbai, July 29, 2024: Bharti Airtel (“Airtel”), one of India’s leading telecommunications services providers, today, announced that it has started re-farming its existing mid-band spectrum to accommodate the growing traffic demand on its 5G network. With more customers moving to the 5G network, Airtel is re-farming its mid-band spectrum to expand 5G services on its 1800, 2100, 2300 MHz bands across the country. As a result of the use of the mid-band spectrum, customers can enjoy enhanced browsing speeds in addition to improved indoor coverage. As data demand grows, Airtel is re-farming its existing spectrum at a faster pace to provide its customers with a brilliant 5G experience. “Randeep Sekhon, CTO, Bharti Airtel said, “As more customers pivot to our 5G services, ...

Bollywood’s rising star, Lakshya, is set to make his mark on the international stage once again.  Hot off the headlines he’s been making for his smouldering performance in KILL, Bollywood’s newest action hero and “it” boy Lakshya has been invited to attend the 15th edition of the Indian Film Festival of Melbourne to be held in Australia from August 15th.  Joining him at the prestigious event will be a galaxy of stars, including Telugu superstar Ram Charan, maestro AR Rahman and renowned filmmakers like Karan Johar and Rajkumar Hiran, Imtiaz Ali among others.  Known for his electrifying performance in KILL, Lakshya has quickly become a fan favourite and will also be presenting an award at the IFFM Awards Night.

Kartik Aaryan truly won hearts with his outstanding performance in Chandu Champion. Playing the role of Murlikant Petkar, he literally brought the character to life, achieving a shocking transformation through his dedication and hard work. The actor's performance is truly worthy of a National Award. This is evident as a fan praised the film and Kartik's performance, calling him a worthy National Award winner. Kartik Aaryan took to his social media and reposted a fans post in which he shared a poster of Chandu Champion and jotted down the caption -  "A movie that really deserves lots of love and @kartikaaryan you are the most finest actor ever seen recreating the legendar biopic. truly you deserve national award Immense pleasure and the tears I can't stop" To this, Kartik replied - "🙏🏻🙏🏻" https://www.instagram.com/stories/kartikaaryan/3422118611810353088?utm_source=ig_story_item_share&igsh=MWMzazIybGhibWl4Zw== Moreover, Veteran actor Shatrughan Si...

Mumbai, July 29, 2024: Bengaluru-based Ola Electric Mobility Limited, a pure EV player in India building vertically integrated technology and manufacturing capabilities for EVs and EV components, has fixed the price band of ₹72/- to ₹76/- 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 Friday, August 2, 2024, for subscription and close on Tuesday, August 6, 2024. Investors can bid for a minimum of 197 Equity Shares and in multiples of 197 Equity Shares thereafter. The IPO consists of fresh issue of up to Rs 55,000 million and an offer for sale (OFS) of up to 84,941,997 equity shares by Promoter Selling Shareholders and Investor Selling Shareholder. The offer also includes a reservation for eligible employees. The proceeds from the fresh issue, to the extent of Rs 12,276.41 million will be used for capital expenditure incurred by the Subsidiary, OCT for the Project; Rs 8,000 million...

Mumbai, July 29, 2024: Ceigall India Limited, an infrastructure construction company, having completed over 34 projects across ten states in India with experience in undertaking specialized structural work such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, metros, expressways and runways, has fixed the price band of ₹380/- to ₹401/- per Equity Share of face value ₹5/- each for its maiden initial public offer. The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Thursday, August 1, 2024, for subscription and close on Monday, August 5, 2024. Investors can bid for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter. The IPO consists of fresh issue of up to Rs 6,842.52 million and an offer for sale (OFS) of up to 1,41,74,840 equity shares by Promoter Selling Shareholders and Individual Selling Shareholder. The proceeds from the fresh issue, to the extent of Rs 997.89 million will be used for purchase of equipm...

  Features DXO Mark Gold-certified 6.78-inch Eye Comfort Display, pro-grade portrait photography with HONOR AI Portrait Engine co-engineered with Studio Harcourt, and enhanced performance with Second-Generation Silicon-Carbon Battery New Delhi, 18th July 2024: HONOR, expanding its portfolio in the Indian market, today announced the launch of HONOR 200 Series, the latest addition to its esteemed Number Series lineup. Comprising the HONOR 200 Pro 5G and HONOR 200 5G, this new series pushes the boundaries of power and creativity, delivering a top-notch experience to consumers with groundbreaking AI-powered portrait capabilities, immersive displays, robust hardware performance, and intuitive user-centric AI experiences.  HONOR 200 Pro 5G will be available in two beautiful colors Ocean Cyan and Black and will be priced at INR 57,999. Sale will start from 20th July 12:00 midnight across Amazon.in, brand website - explorehonor.com and mainline stores near you.  During the Amazon...

Telangana-based Standard Glass Lining Technology Limited, one of the top five specialised engineering equipment manufacturer for pharmaceutical and chemical sectors in India, in terms of revenue in Fiscal 2024, has filed 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 mix of fresh issuance of Rs 250 crore and an offer for sale of up to 18.44 million equity shares by promoters and Other Selling Shareholders.  The offer for sale consists of up to 5.20 million equity shares by M/s S2 Engineering Services, up to 4.90 million equity shares by Kandula Ramakrishna, up to 4.13 million equity shares by Kandula Krishna Veni, up to 7.65 lakh by Nageswara Rao Kandula, up to 5.04 lakh equity shares by M/s Standard Holdings, up to 5 lakh equity shares by Katragadda Venkata Ramani, 3.50 lakh equity shares by Venkata Siva P...

HIGHEST 1ST QUARTER PROFIT OF RS. 3,442 CRORES Delhi, 27th July 2024: The Board of Directors of REC Limited, today approved the limited reviewed standalone and consolidated financial results for the quarter ended 30th June 2024.    Operational and Financial Highlights: Q1 FY25 vs Q1 FY24 (Standalone)  Total sanctions: ₹ 1,12,791 crore vs. ₹ 90,797 crore, up 24%, of which sanctions to renewable sector: ₹ 39,655 crore vs. ₹ 24,985 crore, up 59%  Disbursements: ₹ 43,652 crore vs. ₹ 34,133 crore, up 28%, of which disbursements to renewables constituted major component with YoY increase of 249%  Revenue from operations: ₹ 13,023 crore vs. ₹ 10,976 crores, up 19%  Total income: ₹ 13,037 crore vs. ₹ 10,981 crores, up 19%  Net interest income: ₹ 4,713 crore vs. ₹ 3,612 crore, up 30%  Net Profit: ₹ 3,442 crore vs. ₹ 2,961 crore, up 16%  Yield: 9.99% vs. 9.82%, up 17 bps  Average cost of funds: 7.05% vs. 7.23%, reduction by 18 bps  Spread: 2.94% vs. 2.59%, up ...

July 27, 2024:  Shri Manoj Mittal takes charge as Chairman and Managing Director (CMD) of the Small Industries Development Bank of India (SIDBI), following his appointment by the Government of India. Shri Manoj Mittal has over 33 years of extensive experience in the Finance sector, including his previous tenures as Managing Director and CEO at Industrial Finance Corporation of India (IFCI) and Deputy Managing Director at SIDBI.  For further information, please contact: Divya Talwar divya.t@conceptpr.com +91 9920213090 Milind Jha milind@conceptpr.com +91 8208131051 Zaheer Chauhan zaheer@conceptpr.com +91 9920202720 About Small Industries Development Bank of India (SIDBI): Small Industries Development Bank of India (SIDBI) was established on April 2, 1990, under an act of the Indian Parliament. SIDBI is mandated to serve as the Principal Financial Institution for executing the triple agenda of promotion, financing and development of the MSME sector and coordination of the fu...

The highly anticipated and most loved horror-comedy Stree2 is all set to make a grand comeback this Independence Day. Following the frenzy from the trailer launch, the makers have now released the film’s first song, an electrifying dance track ‘Aaj Ki Raat.’ Featuring the stunning Tamannaah Bhatia, ‘Aaj Ki Raat’ is poised to become the next big hit on the dance floor. Basanti’s dance from Sholay made history, now Shama’s ready to make waves in Chanderi with her mesmerising moves. Sung by Madhubanti Bagchi and composed by the dynamic duo Sachin-Jigar, ‘Aaj Ki Raat’ is a vibrant,  high-energy track that will make you want to hit the dance floor instantly. And with the incredible choreography by the talented Vijay Ganguly, this sensuous song is set to become the dance anthem of the year, following the viral success of ‘Oo Antava’. Music composers Sachin-Jigar shared their excitement, "After Kamariya and Milegi Milegi created magic for Stree, we had to go all out for 'Aaj Ki Raat...

Mumbai, 26th July 2024: In a novel and commendable initiative, Arkade Group, a prominent real estate developer in Mumbai, has unveiled its latest campaign titled "Family First." Rooted in their core values, this campaign seeks to highlight the profound inspiration families have provided to Arkade over the years. Since 1986, the company has consistently strived to create landmarks that foster the growth and prosperity of families. The philosophy of "Family First" stems from the fundamental values that form the bedrock of a family and its unity. Through this campaign, Arkade places utmost importance on nurturing care, affection, bonding, happiness, and trust among its esteemed customer base of over 5000 individuals. Conceptualized by Arkade, #FamilyFirst is a comprehensive campaign spanning radio, OOH, digital, among other platforms. Within the campaign, the brand has adopted an innovative approach by utilizing CGI to promote #FamilyFirst. The CGI video showcases the ...

Delhi-based Event Management Company Mach Conferences and Events Limited providing comprehensive array of services for MICE (Meeting, Incentives, Conferences, Exhibitions) and Events sector, has filed its draft red herring prospectus (DRHP) for its initial public offering (IPO) on the SME platform of BSE Limited (BSE SME). The IPO, with a face value of Rs 10 per equity share, is a mix of fresh issue of up to 22.29 lakh equity shares and an offer of sale up to 33.39 lakh equity shares by Promoters. The offer also includes a reservation for a subscription by market makers in the market maker reservation portion. The Offer for Sale includes sale of equity shares up to 30.04 lakh equity shares by Amit Bhatia, and up to 3.34 lakh equity shares by Laveena Bhatia. The issue is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the net offer s...

Friday, 26 July, 2024: State-run insurer Life Insurance Corporation of India (LIC) touched a new life time high of Rs 1178.60 on BSE.   Prior to this, on 9th February, 2024, the stock had hit its life time high of Rs 1175 a share. Adding to the remarkable performance, year to date, the stock has given 38.61% return much higher than the benchmark index, Sensex and Nifty which have given a return of 11.24% and 12.86% respectively.  Surging to a new all-time high in today's trade, the company's market capitalisation reached ₹7.34 lakh crore, securing its position as the eighth-largest listed company in India and the second foremost among government-listed PSU companies after State Bank of India. Taking the stock's current market price of ₹1,171.40 apiece, the stock is trading 21.71% higher than its IPO price.  To be added in the body copy to the journalist Additional Information: On the other hand, on a year to date basis, Private Life Insurers like HDFC Life Insurance Compa...

Jacqueliene Fernandez is one actress who has always created magic on the screen with her blazing dance moves. Among many peppy dance numbers, one that is really etched in our hearts is 'Jumme Ki Raat' from 'Kick'. The way she set the dance floors on fire with her infectious energy made the song a compulsory party anthem. As the film has completed 10 years since its release, netizens are still going gaga as they reminisce about how fantastic a dancer Jacqueliene is. Here's how netizens are still raving about Jacqueliene in the 'Jumme Ki Raat' song. "Jacqueline was on fire  wearing heels." "Jacqueline just proved how great of a dancer she is." "With heels flips and such ease moves! Just great. " "Jacqueline Fernandez is a wonderful dancer ️and her dance moves are also flexible." "Jacqueline Fernandez, this song is a very powerful song Inka record Koi Nahin Tod Sakta." "She pulled off a split in heels so sm...

From Left to Right 1. Mr Piyush Sharma - Group Marketing Head 2. Mr Ashok Holani - Director at Holani Consaltant Pvt Ltd 3. Mr. Shaikh Nasim - Chairman of Rajputana Industries Limited 4. Mr Shaikh Sahil - President of Rajputana Industries Limited ● Total Issue Size – Up To 62,85,000 Equity Shares of ₹ 10 each ● Issue Size – ₹ 23.88 Crores (At Upper Band)  ● Price Band – ₹ 36 to ₹38 Per Share ● Lot Size – 3,000 Equity Shares Mumbai, July 24, 2024 – Rajputana Industries Limited has emerged as a key player in the non-ferrous metal recycling sector, offering products made from Copper, Aluminium, Brass, and alloys, has announced its plan to go public with an Initial Public Offering (IPO) on July 30, 2024, aiming to raise ₹ 23.88 Crores, with shares to be listed on the NSE Emerge platform. The issue size is Up To 62,85,000 equity shares at a face value of ₹ 10 each. Equity Share Allocation ● QIB Anchor Portion – Up to 16,11,000 Equity Shares ● Qualified Institutional Buyers (...

Mumbai: KAI India, a leading name in personal grooming solutions, offers Kai Bikini Razor for Women, perfect for bidding farewell to the discomfort of waxing and embracing a new era of pain-free, effortless shaving. This lightweight and small razor are designed to effortlessly navigate every contour in the sensitive bikini area, providing unparalleled ease and comfort. KAI India is the Indian subsidiary of Japan's leading brand KAI, with over a 115-year legacy in crafting exceptional products. Kai's Bikini Razor is designed for the female body, using Japanese precision for achieving a flawless bikini line without cuts, nicks, or irritation. Its compact and lightweight design allows for easy navigation over the sensitive curves of the bikini area, ensuring a smooth and comfortable shaving experience. What makes the Kai Bikini Razor stand out is its small head aimed at providing optimal results. With a hair-lifting baffle under the blade, this razor lifts hair without pulling, en...

  ~ With its 5th edition, the brand reaffirms its commitment towards educating salonists and beauty professionals ~ Mumbai, 22nd July, 2024 - Streax Professional, a trendsetter in professional hair care, dazzled at the 5th edition of its MEGA SHOW 2024 in Mumbai, celebrating creativity and skill in the salon industry. Held at The Lalit on July 22, 2024, this one-day extravaganza showcased cutting-edge techniques and trend-setting styles. The MEGA SHOW 2024 was an immersive experience, providing a dynamic platform for cut, color, and style enthusiasts. The event showcased six extraordinary looks from Streax Professional’s highly anticipated SPECTRUM collection, captivating the audience with its vibrant and versatile themes. Designed to educate and inspire, the event highlighted Streax Professional’s unwavering commitment to enhancing the skills and knowledge of salon partners. It emphasized the brand’s position as a fashion-forward authority in the beauty industry. With hands-on ses...

Mumbai/ Bengaluru July 24, 2024:  Bengaluru-based Unimech Aerospace has successfully raised Rs 250 crore from prominent investors Steadview Capital Mauritius Limited, ValueQuest Scale Fund, and Evolvence India Fund IV Ltd at a post-money valuation of Rs 3,250 crores, as a part of the Company's private placement round. Anand Rathi Advisors provided advisory services for this transaction. Unimech Aerospace specializes in manufacturing of high precision tooling for aero-engines and airframes, along with complex high precision components, assemblies, and electro-mechanical turnkey systems for the aerospace, defence, energy, and semiconductor industries. Their advanced capabilities and commitment to quality make them a trusted partner for some of the global OEMs and Tier 1s in the industry. Reflecting on the fundraise and its utilization, Anil Puthan, Chairman and Managing Director of Unimech Aerospace, said , "From our humble start in 2016 as a bootstrapped team of five, we've...

Budget Reaction | 2024 This Union Budget is aimed at enhancing employment, skill development, MSMEs, and the welfare of the middle class. By raising the standard deduction and adjusting tax slabs, taxpayers under the new regime will face lower tax burdens, thus improving their disposable income, which bodes well for consumer spending.   The introduction of a clause pertaining to non-deductible expenses in Section 37 for life insurance companies may lead to tax litigation. The proposed hike in Capital Gain Tax is expected to impact the tax liabilities for ULIP policyholders. However, the ULIP holders purchasing policies with premium of less than 2.5 lakh p.a. can continue to avail benefits under Section 10 (10D) and are not liable to pay any tax on maturity.   The decrease in TDS rate from 5% to 2% on policy payouts is anticipated to boost customers' liquidity, which is a welcome move