SPIRIT OF MUMBAI

(L-R) Mr. Anjaneyulu Pathuri, Chief Financial Officer and Mr. Nageswara Rao Kandula, Managing Director   at their IPO price band announcement.   Mumbai, December 31, 2024:  Standard Glass Lining Technology Limited is one of the top five specialized engineering equipment manufacturers for the pharmaceutical and chemical sectors in India, in terms of revenue in Fiscal 2024, it has fixed the price band of  ₹133/-  to  ₹140/-  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, January 6, 2024 , for subscription and close on  Wednesday, January 8, 2024 . Investors can bid for a minimum of 107   Equity Shares and in multiples of 107   Equity Shares thereafter.   The IPO is a mix of fresh issues of up to Rs 210 crore and an offer of sale of up to 1,42,89,367 equity shares by Promoter Selling and Promoter Grou...

REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, has handed over a project specific SPV (Special Purpose Vehicle). viz,  Rajasthan IV 4B Power Transmission Limited to  Dineshchandra R. Agrawal Infracon Private Limited   on 30 th  December, 2024 at Gurugram.   Dineshchandra R. Agrawal Infracon Private Limited  emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of the transmission project on Build, Own, Operate & Transfer (BOOT) basis.   The transmission scheme is planned for evacuation of 3.5 GW of RE power from Rajasthan Renewable Energy Zone, which covers establishment of 765/400 kV, 2 X1500 MVA substation near Merta (Rajasthan), 577.97 Kms of 765 kV line and 72.8 Kms of 400 kV line along with associated works. The estima...

Delhi-based Refrigeration Sealing Solutions Company, Ajay Poly Limited, has filed its draft red herring prospectus (DRHP) with the market regulator, Securities and Exchange Board of India (SEBI), to raise funds through Initial Public Offering (IPO). The IPO with a face value of Re 1 is a mix of fresh issue of shares of up to Rs. 238 crore and an offer for sale (OFS) of up to 93,00,000 equity shares each by Promoter and Investor Selling Shareholders.  Offer of Sale consists of shareholders selling shares up to 37, 00,000 equity shares by Bina Jain, up to 28,00,000 equity shares by Rajeev Jain, and up to 28,00,000 equity shares by Nitin Jain. The company, in consultation with the BRLMS, may consider a pre-IPO placement of specified securities aggregating up to Rs. 47.60 crores. If the pre-IPO placement is completed, the amount raised under the pre-IPO placement will be reduced from the fresh issue.  The proceeds from the fresh issue to the extent of Rs. 119 crores for repayment ...

Mumbai-based Gem Aromatics Limited, an established manufacturer of specialty ingredients, including, essential oils, aroma chemicals and Value-Added Derivatives in India with a track record of over two decades has filled its draft red herring prospectus (DRHP) with the market regulator, Securities and Exchange Board of India (SEBI), to raise funds through Initial Public Offering (IPO). The IPO with a face value of Rs 2 is a mix of fresh issue of shares of up to Rs. 175 crore and an offer for sale (OFS) of up to 89,24,274 equity shares each by Promoter and Investor Selling Shareholders.  Offer of Sale consists of shareholders selling shares up to 33,96,187 equity shares by Vipul Parekh, up to 16,26,183 equity shares by Kaksha Vipul Parekh, up to 16,70,835 equity shares by Yash Vipul Parekh, and up to 22,31,069 equity shares by dōTERRA Enterprises, Sàrl. The company, in consultation with the BRLMS, may consider a pre-IPO placement for an amount of aggregating up to Rs. 35 crore. If t...

From Left To Right: Adv Sandeep Jalan Shri Venkatraman Shri Bhagvanji Raiyani, National Chairman Emeritus, Forum For Fast Justice  Shri Ashish Mehta, Ex.President, Society For Fast Justice and Trustee Rajendra Thacker, Trustee MUMBAI, 28th DECEMBER, 2024I : India is world’s largest democracy, having slowest judiciary in the world with a backlog of over 5 crore cases in various courts of India as on December 2023. It is the dire necessity of Indian public that they should get a timely justice within reasonable time frame for which the onus lies on Indian Government. The Govt. should take all the necessary required steps to mitigate the hardship of common men like increasing number of judges in various courts, the number of maximum hearings should be cut down to say 4 per case and passing of orders within a fixed time frame. No priority of hearings should be given to politicians & VIPs but they should be considered at par with the general public, who deserve speedy delivery of ju...

~ Represented by 10,000+ farmers, NCDEX IPFT hosts the landmark meeting ~ • FPOs discuss and share the critical impact of suspensions of Commodity Derivatives and way forward • Highlight the research by  IIT Bombay (SJMSOM), on the ‘Impact of suspensions of Commodity derivatives on the agri Ecosystem’ Mumbai, 26th December 2024:   Farmer Producer Organizations (FPOs) from Maharashtra and Madhya Pradesh, collectively representing over 10,000 farmers gather at IIT Mumbai. This unique forum organized by NCDEX IPFT  facilitated a dialogue on the critical impact of the suspension of commodity derivatives on farmers and their livelihood.  A study conducted by Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, titled “Impact of Suspension of Commodity Derivatives on the Agri Ecosystem,” was also presented at the event. The research underscores the critical role of commodity derivatives in price discovery and risk management for farmers and stakeholders in...

● Opens 3,200+ new stores co-located with service centres, making it India’s largest EV expansion at one go ● Expansion spans beyond metros and Tier 1 & 2 cities into smaller towns and tehsils, democratising access to EVs nationwide ● Opens priority registrations for MoveOS 5 beta, with features such as Group Navigation, Live Location Sharing, Road Trip Mode powered by Ola Maps, among others ● Announces offers worth up to ₹25,000 on S1 portfolio  National December 25, 2024: Ola Electric, India’s largest pure-play EV company, today announced the expansion of its network to 4,000 stores nationwide, registering a four-fold increase from the existing network. One of the world's most significant expansions of the EV footprint, bolstering access, growth, and adoption in the country, Ola Electric cements its leadership in the space. With the launch of 3,200+ new stores co-located with service facilities, the company is committed to driving large-scale EV adoption enabling deep...

Navi Mumbai  – Utkarsh Small Finance Bank Limited (Utkarsh SFBL) is pleased to announce the inauguration of its new banking outlet in  Handewadi- Pune, Maharashtra . This expansion underscores the Bank's commitment to enhancing financial inclusion and providing essential banking services to the residents of Handewadi- Pune, Maharashtra. With this launch, the bank has reached 1015 banking outlets across the country and 80 in the state of Maharashtra. Commenting on the expansion, Mr. Govind Singh, MD & CEO, Utkarsh Small Finance Bank Limited  said, "Our new banking outlet in Handewadi reflects our dedication to strengthening our network in Maharashtra. Known for its rich history and strong community ties, Handewadi is an integral part of Pune. This region is famous for its landmarks such as the serene Aga Khan Palace, a site of historical importance in India's freedom struggle, and the vibrant Koregaon Park, known for its cultural richness and community spirit. The open...

I just wanted to make Vanvaas at this point in my life,” Anil Sharma on Vanvaas Success Veteran filmmaker Anil Sharma, known for his blockbuster hit Gadar: Ek Prem Katha, is back with his latest project, Vanvaas, which stars the versatile Nana Patekar and Utkarsh Sharma in lead roles. The film, which released in theatres on December 20, 2024 marks a significant shift from his previous high-octane action dramas, is a heartfelt family drama that Sharma describes as a personal creation.  In an interview, the director shared his thoughts on the making of Vanvaas and his evolving approach to filmmaking. He revealed that after the immense success of Gadar 2, he was determined to craft something that would resonate on a deeper, more personal level. "I thought, Gadar has given me so much. Now, as a director, my job is to make a family film that I can give to the audience," said Sharma. The director further recounted how the idea for Vanvaas came about. "While I was thinking of m...

  The team of The Rabbit House, an eagerly awaited feature . With the trailer surpassing 1 million views on YouTube within a week, the buzz surrounding the film has been palpable, and Mumbai Medis welcomed the cast and crew with great enthusiasm The Rabbit House Movie, set against the picturesque landscapes of Himachal Pradesh, The Rabbit House tells the story of a newlywed woman navigating a restrictive marriage with a partner who has OCD. Through her journey, the film explores themes of mental health, societal norms, and personal liberation, presenting a poignant narrative that resonates deeply with modern audiences. The Rabbit House has already made waves internationally, The film, which has already won 21 prestigious international awards, promises to be a cinematic gem, combining thrilling storytelling with breathtaking visuals and soul-stirring music. Winning the Award of Merit at the Accolade Competition 2024 and the Best Feature Film award at the Chauri Chaura International ...

Mumbai, December 19, 2024: The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) organized the ‘Palasamudram National Painting Camp’ in association with the Sir JJ School of Art, Architecture and Design. This prestigious event brought together 25 renowned artists from contemporary Indian art, all distinguished alumni of the Sir JJ School of Art, Architecture, and Design. The camp was organized as part of the beautification through the creation of unique and meaningful artworks.  The painting camp, commenced on December 13th and hosted its closing ceremony on December 19, 2024 at the NACIN campus. Over this period, the celebrated artists contributed their exceptional talents to transform the campus into a vibrant space that reflects the rich cultural heritage and creativity of India. The initiative not only aimed to enhance the aesthetic appeal of the campus but also to provide a platform for fostering artistic exchange and collaboration. The event was curated and im...

View in browser PCEB Welcomes New Direct Chennai-Penang Flight, Strengthening Ties Between India and Penang Penang, Malaysia:   Penang proudly celebrates the launch of the inaugural direct flight connecting Chennai, India, to Penang, Malaysia, operated by IndiGo Airlines. This marks a significant milestone in enhancing connectivity between the two cities, opening doors to new opportunities for tourism, trade, and cultural exchange ... FULL PRESS RELEASE PHOTOS

                                                                                                                                                                                                                   Mumbai, 21st December 2024 , Surya Hospitals, is supporting Yash Charitable Trust as a healthcare partner, hosting an inspiring evening celebrating neurodiversity at St. Andrews, Bandra, on Friday, December 20th. The event was a resounding success, bringing to...

Zee5 content with over 1800 TV shows, a catalogue of over 4000 movies and a vast variety of popular web series across multiple languages will now be available to all Airtel Wifi customers on plans starting Rs. 699 at no additional cost   Airtel Wifi now has one of the largest digital content portfolios in India, offering access to over 350 Linear TV channels and 27 OTT platforms offering thousands of movies and shows   Gurugram (India), December 20, 2024:   Bharti Airtel (“Airtel”) one of India’s leading telecommunications service providers, today announced that it has entered into a partnership with Zee5, India’s leading OTT platform to offer exciting digital content to its WiFi customers. All customers on plans starting at Rs. 699 or higher will have Zee5 included as part of their Airtel WiFi plan at no additional cost.     Following this partnership, Zee5’s exclusive content, that includes original shows, chartbuster titles, OTT movies and seri...