SPIRIT OF MUMBAI

Mumbai – August 30, 2024: Union Bank of India today has announced signing of Memorandum of Understanding (MoU) with Toyota Kirloskar Motor to enable comprehensive and accessible vehicle financing solutions. The MoU was executed today in the presence of dignitaries from Union Bank & Toyota Kirloskar. This partnership aims to offer innovative and attractive solutions curated to meet the evolving needs of the customers. Key highlights of the partnership: • Enhanced affordability and accessibility: The partnership will allow customers to enjoy up to 90% financing on the on-road price of any Toyota vehicles purchased for private use, exempting them from any foreclosure or part-payment charges. • Flexible Financing under Union Vehicle Scheme & Union Parivahan Scheme:   The financing options under the Union Vehicle Scheme for private vehicle will aid customers to opt for flexible tenures up to 84 months with competitive interest rates starting from 8.80% per annum.  Fina...

  ● Total Issue Size – 55,68,000 Equity Shares of ₹ 10 each ● Fresh Issue - 22,29,000 Equity Shares  ● Offer For Sale - 33,39,000 Equity Shares ● Issue Size – ₹ 125.28 Crores (At Upper Band) ● Price Band – ₹ 214 - ₹ 225 Per Share ● Lot Size – 600 Equity Shares Mumbai, August 29th, 2024 – Mach Conferences and Events Limited specializes in providing end-to-end event management solutions within the MICE industry, proposes to open its Initial Public Offering (IPO) on September 04th, 2024. The company is aiming to raise ₹ 125.28 Crores at the upper band through this IPO, with shares set to be listed on the BSE SME platform. The Issue Size is 55,68,000 including 22,29,000 Fresh Issue equity shares and 33,39,000 Offer For Sale at face value of ₹ 10 each. Equity Share Allocation ● QIB (including Anchor Portion) – Not more than 26,31,600 Equity Shares ● High-Net-Worth Individual (HNI) – Not less than 7,91,400 Equity Shares ● Retail Individual Investors (RII) – Not les...

Shri Siddhartha Mohanty, CEO & MD, LIC of India, today presented the Dividend cheque of Rs.3662.17 Crores to Honourable Smt. Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs, as the Government of India’s share of Dividend, approved by the Shareholders in the Annual General Meeting held on 22.08.2024.  Dr. M P Tangirala, Additional Secretary, GOI, Ministry of Finance, Dept of Financial Services was present along with Officials from Life Insurance Corporation of India, Shri M Jagannath ,MD, Shri Tablesh Pandey, MD, Shri Sat Pal Bhanoo, MD, Shri R Doraiswamy, MD and Shri J.P.S.Bajaj ,ZM(I/C),Northern Zone. LIC also paid Interim Dividend of Rs. 2441.45 Crores on 1st March 2024, thus totaling to Rs. 6103.62 Crores paid as dividend to Government of India for the year 2023-24.  LIC is completing 68 glorious years since its incorporation and as at 31.03.2024 has an asset base of over Rs.52.85 Lakh Crores. It continues to be the market leader in the Indian Life I...

Mumbai, 29th August 2024: Koelnmesse Pvt. Ltd. heralds the grand opening of Anuga Select and Anuga FoodTec 2024, two landmark exhibitions set to redefine the standards of excellence in the food and beverage industry. From the exhilarating Day 1, these landmark exhibitions have already set an unprecedented benchmark for excellence and innovation. With an impressive turnout of industry luminaries, trailblazers, and decision-makers, Day 1 showcased a spectacular agenda designed to drive transformative growth and pioneering advancements across the sector. For the first time, the exhibition introduced its Innovative TrendZone, highlighting three standout brands, The Misfits, Joyspoon, and Krunchillo, that were selected from 60 nominations. Day 1 Highlights: The first day of Anuga Select and Anuga FoodTec 2024 delivered a series of impactful and comprehensive sessions, setting the stage for an exceptional event. • Revolutionizing Business and Technology: The day showcased groundbreaking busi...

  Apollo Hospitals Navi Mumbai Launches RareCare Clinic Mumbai, 29 August 2024: For patients grappling with the uncertainty and fear that come with rare cancers, finding the right diagnosis and care can feel like an overwhelming challenge. At Apollo Hospitals’ RareCare Clinic, hope is now within reach. The specialized clinic, located at the Apollo Hospitals in Navi Mumbai, is dedicated to providing comprehensive, compassionate care to those facing the unique struggles of rare and challenging cancers which are often wrongly diagnosed & treated leading to poor outcomes for the patient.  Rare cancers, though individually uncommon with an incidence of 6 in 100,000, collectively represent a significant 20% of all cancer cases. With over 200 identified types, these cancers often leave patients feeling isolated and uncertain due to the lack of available data on diagnostic processes and treatment protocols. Rare cancers include Bone and soft tissue sarcomas (Desmoid tumors), Skin ...

LIC is celebrating National Sports Day to commemorate the birth anniversary of Hockey Legend Major Dhyan Chand from 26th August to 31st August, 2024. During this period various offices of the Corporation will conduct indoor/outdoor sports activity during any one day to encourage employees to involve fitness activities in daily walks of life. In the spirit of celebration, all employees of the Corporation will take the FIT India Fitness Pledge on 29.08.2024. In Mumbai, LIC will organize Fit India Walkathon on 31.08.2024 and celebrate the value of living a physically active and healthy lifestyle.  

Mumbai, August 28, 2024: Shares of Orient Technologies Limited debuted on the exchange listing at a 40% premium. higher than the IPO’s issue price of Rs 206. At the time of closing the stock was locked in upper circuit with only buyers with a total bid for 8,98,578 shares on NSE. The scrip listed at Rs 290 per share on BSE, a premium of 40.7% and at Rs 288 per share on NSE, a premium of 39.81%. The company's share price closed at Rs 304.45 per share on the BSE, and at Rs 302.40 per share on the NSE. As per NSE, the total quantity traded stood at 27.32 lakh shares, on BSE the total Quantity stood at 6.22 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 98.74 crore.  The Market Capitalization of the Company at today’s closing price stood at Rs. 1,267.78 Crore as per BSE and Rs. 1,259.25 Crore as per NSE. The Initial Public Offering of Orient Technologies Limited had garnered substantial interest, and the offer was subscribed 151.71 times. Qualified Institutional Buyer and N...

As India becomes the world’s second largest market for natural diamond jewellery, industry leaders De Beers and Tanishq unite to connect even more people to its enduring value De Beers Group, the world’s leading diamond company, and Tanishq, India's largest jewellery retail brand from the Tata group, today announced a long-term strategic collaboration to connect more Indian consumers with the rarity and preciousness of natural diamonds and amplify the growing opportunity in the Indian market.  With a vibrant economy, a growing middle class and discerning consumers who seek jewellery with enduring value, demand for natural diamond jewellery from Indian consumers has surged recently and now represents 11 per cent of global demand. This has seen India replace China as the second largest market in the world for natural diamond jewellery. With diamond acquisition rates in India well below those in mature markets such as the US, this provides a significant opportunity to catalyse further...

Mumbai, 28 August 2024 - Viacation Tourism Private Limited, a leading name in India's travel solutions industry, proudly announces the opening of its first retail store in Mumbai, located in Ghatkopar East. This marks the beginning of their retail footprint in Mumbai, with more locations set to open across the country in the coming month, including in Jaipur, Chandigarh, Bengaluru, Siliguri, and Guwahati, taking Viacation's total presence to well over 10 travel stores nationwide. The new Ghatkopar store, occupying 300 square feet, offers an extensive range of travel services, including air ticketing, escorted group tours to Europe and other international destinations, domestic holiday packages across India, and MICE (Meetings, Incentives, Conferences, and Exhibitions) services. “We are thrilled to launch our first walk-in retail outlet in Mumbai, a city that epitomizes vibrancy and diversity. This store represents a significant milestone for Viacation as we continue to bring ou...

Key Highlights: - ·          Co-Branded credit card unveiled in partnership with Utkarsh Small Finance Bank ·          Integrates UPI functionality with a secured credit card on the RuPay network Users can obtain the credit card backed by a  fixed deposit as low as Rs. 100; earning attractive interest on FD apart from enjoying powerful benefits of the credit card Offers best-in-class rewards on most merchant transactions across UPI, POS and ecommerce Mumbai– August 28, 2024: Utkarsh Small Finance Bank  along with  super.money  a credit-first UPI platform, today unveiled its co-branded credit card. The credit card supports regular merchant payments as well as UPI transactions using super.money’s ‘Scan & Pay’ feature. The announcement comes at a time when UPI integration  has significantly boosted the adoption of credit cards in India.  As per recent reports,  nearly 30 p...

Mumbai : As the month draws to a close, it's vital for businesses and individuals to be aware of important compliance deadlines. Missing deadlines related to Income Tax, TDS, GST, and other regulatory requirements can lead to financial penalties, legal issues, and disruptions in business operations. In this article, we discuss the key deadlines you need to be mindful of and how timely compliance can save you from unnecessary hassles. The Importance of Timely Compliance : Timely filing of returns and payments is essential for maintaining your financial health and reputation. Whether it’s income tax, TDS, or GST, each has strict deadlines, and missing them can result in heavy fines, interest charges, and even legal actions. Additionally, businesses that comply on time gain a better standing with financial institutions and government bodies, further enhancing their credibility. Major Compliance Deadlines at Month-End : As we approach the end of the month, here are some key filing dead...

Mumbai -27  August, 2024, – Crompton Greaves Consumer Electricals Limited, renowned for its long-standing commitment to technological advancement and consumer satisfaction, unveils its newest addition to its kitchen appliance portfolio – the Ameo Blend Nutri Blender. The product meets the evolving needs of today’s consumers who seek solutions for their busy lifestyles, it fits seamlessly into small kitchens while supporting healthy food habits with Blend and Carry food grade Jars and multiple attachments like Sipper Cap and Storage Lid. It addresses all these versatile needs perfectly catering to home makers, working professionals, nuclear and joint families, for bachelors and bachelorettes and for all age groups.  Whether it's whipping up a quick morning smoothie, preparing baby food, or crafting delicious chutneys, Ameo Blend - Nutri Blender goes beyond simply being another appliance in your kitchen. It is crafted to empower a lifestyle and offers range of superior features ...

  Mumbai, Tuesday, August 27, 2024: Gala Precision Engineering Limited is a precision component manufacturer of technical springs like disc & strip springs (“DSS”); coil & spiral springs (“CSS”) and special fastening solution (“SFS”), has fixed the price band of ₹503/- to ₹529/- 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 Monday, September 02, 2024, for subscription and close on Wednesday, September 04, 2024. Investors can bid for a minimum of 28 Equity Shares and in multiples of 28 Equity Shares thereafter. The IPO consists of fresh issue of up to 25,58,416 equity shares and an offer for sale (OFS) of up to 6,16,000 equity shares by Promoter Group Selling Shareholders and Individual Selling Shareholders. The proceeds from the fresh issue, to the extent of Rs 370 million for setting up a new facility at Vallam-Vadagal, SIPCOT, Sriperumbuddur, Tamil Nadu for manufact...

National Infrastructure Trust, an infrastructure investment trust sponsored by Gawar Construction Limited (“GCL” or “Sponsor”). The trust was established on September 25, 2023 and registered with SEBI as on March 7, 2024 with the objective to acquire, manage and invest in portfolio of infrastructure assets in the country . The infrastructure investment trust has filed its Draft Offer Document with the regulator to raise an aggregate amount of Rs 1,600 cr via an issue of units to the public.  The IPO comprises of fresh issue of units aggregating up to Rs 1200 crore and an offer for sale of up to Rs 400 crore by Sponsor Selling Unitholder. The Issue will be made through the book building process wherein 75% excluding the strategic investor portion will be available to institutional investors and 25% to non-institutional investors.  The Net Proceeds are proposed to be utilized towards providing loans to the Project SPVs for repayment/ pre-payment of external borrowings, in part o...

Mumbai, India – 21st August, 2024:* CEAT, India's leading tyre manufacturer, celebrated the remarkable achievements of cricketing legends with the 26th edition of the CEAT Cricket Rating (CCR) Awards in Mumbai today. This prestigious event continues to be a global platform that unites the cricketing fraternity and honours exceptional performances from both international and domestic arenas. *Speaking on the occasion, Mr. Harsh Goenka, Chairman of RPG Group, said*, _“As we mark the 26th edition of the CEAT Cricket Rating Awards, we take immense pride in continuing our commitment to celebrating cricketing excellence. Over the years, CEAT Cricket Ratings has become synonymous with recognizing the extraordinary contributions of cricketers worldwide. We salute their passion, dedication, and relentless pursuit of excellence, which continues to inspire millions. Through these awards, we not only celebrate individual brilliance but also reaffirm our belief in the power of cricket to bring ...

Mumbai, Monday August 26, 2024: Baazar Style Retail Limited, a value fashion retailer offering quality and affordable products under the apparels and general merchandise segments, through a chain of ‘value retail’ stores, has fixed the price band of ₹370/- to ₹389/- 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 Friday, August 30, 2024, for subscription and close on Tuesday, September 03, 2024. Investors can bid for a minimum of 38 Equity Shares and in multiples of 38 Equity Shares thereafter. A Discount of 35 per Equity Share is being offered to Eligible Employees The IPO consists of fresh issue of up to Rs 148 crore and an offer for sale (OFS) of up to 1,76,52,320 equity shares by Promoter Group Selling Shareholders and Investor Selling Shareholders. The proceeds from the fresh issue, to the extent of Rs 146 crore for prepayment or repayment of all or a portion of certain outstan...

  #Stree2 SMASHES through the 400 Cr milestone! With a massive ₹40.7 Cr Sunday haul, the total now stands at an impressive ₹402 Cr. From multiplexes to single screens, this blockbuster shows no signs of slowing down! Tier-2 and Tier-3 markets are seeing a surge like never before. With the Janmashtami holiday around the corner, there’s no stopping this blockbuster!

मुंबई-शिवसेनाप्रमुख बाळासाहेब ठाकरे यांच्या ८०% समाजकारणाच्या विचारांच्या प्रेरणेतून सन १९७२ साली शिवसेना नेते व प्रबोधन गोरेगावचे संस्थापक सुभाष देसाई यांनी प्रबोधन गोरेगाव या संस्थेची स्थापना केली. ज्ञान, कला, सेवा या त्रिसूत्रीला न्याय देत आज या संस्थेने गोरेगाव आणि आजूबाजूच्या परिसरातील जनतेसाठी प्रबोधन डायलेसिस सेंटर , मीनाताई ठाकरे रक्तपेढी , प्रबोधनकार ठाकरे वाचनालय सह अभ्यासिका , जॉगर्सपार्क , ओझोन स्विमिंग पूल , प्रबोधन क्रीडाभवन असे समाज उपयोगी उपक्रम चालू केले आहेत. संस्थेला ५० वर्ष पूर्ण झाल्याच्या निमित्त प्रबोधन संस्थेने ग्रामीण भागातील अर्धवट शिक्षण झालेल्या गरीब मुला मुलींना रोजगार मिळवण्यासाठी शिक्षणा सोबत तांत्रिक कौशल्य द्यावे याउद्देशाने रायगड जिल्ह्यातील माणगांव तालुक्यात एमजीएल- प्रबोधन कौशल्य निकेतन हि संस्था २०२२ पासून सुरु केली. या संस्थेत नर्सिंग , आयटी, इलेक्ट्रिक , एसी , गॅस पाईपिंग , ब्युटीपार्लर , टेलरिंग , मोबाईल रिपेअर सुरु केले असून दरवर्षी साधारण ३२० विध्यार्थी प्रशिक्षित होणार आहेत. स्व. वसंत तावडे हे प्रबोधन गोरेगाव संस्थेच्या संस्थापक सदस्यांपैकी एक...

 

Gurugram : In a significant Corporate Social Responsibility (CSR) initiative, REC Limited, a Maharatna CPSE under the Ministry of Power and a leading NBFC, has committed Rs. 15 crore to provide free medical treatment and surgery for approximately 1,000 children born with congenital heart disease from economically weaker sections of society. The Memorandum of Agreement (MoA) formalizing this noble endeavour was signed between Ms. Taruna Gupta, Executive Director of CSR at REC Limited, and Shri Vivek Gaur, Trustee of Sri Sathya Sai Health and Education Trust. The agreement was exchanged in the esteemed presence of Shri Vivek Kumar Dewangan, Chairman and Managing Director of REC Limited. This initiative is a continuation of REC’s previous CSR initiative, "Healing Little Hearts," where Rs. 15 crore was allocated to treat 1,000 children. The success of the initial project, which provided these children with a new lease on life, has motivated REC to extend its support to even more ...

  South Asia Growth Invest backed Hero Motors, the flagship auto-components company of the Hero Motors Company (HMC) Group and one of India's leading automotive technology companies, has filed its draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 900 crore through an initial public offering (IPO). The IPO is a mix of fresh issue of up to Rs 500 Cr and an offer for sale up to Rs 400 Cr by promoters. The OFS includes Rs 250 crore worth shares by O P Munjal Holdings, and Rs 75 crore each by Bhagyoday Investments and Hero Cycles. The company, in consultation with the book-running lead managers, may consider a pre-IPO placement of Rs 100 crore prior to filing of the Red Herring Prospectus. If such placement is completed, the amount will be reduced from the fresh issue. Proceeds from the fresh issue of shares will be used to the extent of Rs 202 crore for repayment or pre-payment, in full or in part...