*ICICI Prudential Life Insurance* announces the launch of *ICICI Pru Smart Insurance Plan Plus,* a market-linked product specially designed for young, first-time investors.

*Key numbers:*

• ₹1,000 monthly premium – making long-term investing accessible

• 25 fund options and 4 portfolio strategies for tailored investing

• Flexibility to switch funds anytime, with no cost or tax impact

• Optional Waiver of Premium to protect long-term goals

• 100% digital onboarding and service experience

• Life cover for financial protection

LIC Group ranks 4th among the top 10 most valuable Indian brands 2025; Brand Value up 35%

 Mumbai June 25, 2025: PSU insurance giant Life Insurance Corporation of India (LIC) ranked 4th among the 10 most valuable brands in India, according to the Brand Finance India 100 2025 report.

The report notes that LIC's 2025 brand value stood at USD 13.6 billion up 35.1% from 2024 brand value of USD 10.07 billion.

Life Insurance Corporation of India (LIC) reigns supreme among the top brands ranked in the Indian insurance sector. It claimed the position of the world’s third strongest insurance brand ranked by Brand Finance’s 2025 Global Insurance 100 report, achieving a BSI score of 87.9/100. Based on Brand Finance’s market research data, LIC is perceived as a brand with high familiarity and appeal in its home market, alongside its sustained AAA brand strength rating.

Back in the list of top 10 firms by market capitalisation, LIC stands at the 8th spot with a market capitalisation with Rs 5.98 trillion backed by a 38% year-on-year growth in its Q4FY25 consolidated net profit at Rs 19,039 crore versus Rs 13,782 crore in the year ago period. The state-insurer announced a final dividend of Rs 12 per equity share for the financial year ended March 31, 2025.

The India 100 2025 by brand value is the culmination of an objective assessment of over 200 Indian brands, spanning many sectors including IT services, hospitality, automotive, pharma, tyres, retail and others, requiring robust data.  Brand Finance methodology is to tap into the latest available audited financials of companies and combine that with a thorough brand strength analysis using primary and secondary research covering both B2C and B2B brands.

Link: https://brandirectory.com/reports/india

 

Cedaar Textile Limited IPO Opens on June 30, 2025

●   Total Issue Size - Up to 43,50,000 Equity Shares of ₹ 10 each

●   IPO Size - ₹ 60.90 Crore (At Upper Price Band)

●   Price Band - ₹ 130 - ₹ 140 Per Share

●   Lot Size -s 1,000 Equity Shares

Mumbai, June 24, 2025 – Cedaar Textile Limited (The Company, Cedaar) manufacturer of a diverse range of yarns and textile products, proposes to open its Initial Public Offering on Monday, June 30, 2025, aiming to raise ₹ 60.90 Crore (At Upper Price Band), with shares to be listed on the NSE Emerge platform.

The issue size is 43,50,000 equity shares at a face value of ₹ 10 each with a price band of ₹ 130 - ₹ 140 Per Share.

Equity Share Allocation

QIB Anchor Portion - Up to 7,82,000 Equity Shares

Qualified Institutional Buyer - Up to 5,22,000 Equity Shares

Non-Institutional Investors - Not less than 13,28,000 Equity Shares

Retail Individual Investors - Not less than 15,00,000 Equity Shares

Market Maker - 2,18,000 Equity Shares

The net proceeds from the IPO will be utilized for installation of Grid-tied Solar PV Rooftop System for captive evacuation, modernization of the machines, to meet working capital requirements, and general corporate purposes. The anchor bidding will open on June 27, 2025 and the issue will close on July 02, 2025.

The Book Running Lead Manager to the Issue is Fast Track Finsec Private Limited, The Registrar to the Issue is Skyline Financial Services Private Limited.

Mr. Rajesh Mittal, Managing Director of Cedaar Textile Limited expressed, "This IPO represents a defining step forward for Cedaar Textile Limited as we prepare to scale our operations and broaden our impact in the textile sector. Over time, we’ve built a reputation for offering high-quality and diversified yarn solutions, driven by a deep understanding of market trends and customer preferences.

 

The capital raised will allow us to modernize key manufacturing assets, strengthen our energy efficiency through solar integration, and expand into promising areas such as technical textiles and branded apparel. We see this as a strategic opportunity to reinforce our leadership in the value-added textile segment, deepen our market presence, and continue delivering innovative, sustainable products to our customers worldwide."

 

Mr. Vikas Varma, Director of Fast Track Finsec Private Limited said, “We are pleased to be associated with Cedaar Textile Limited as they take this important step in their growth journey through the launch of their Initial Public Offering. The company’s consistent focus on innovation, sustainability, and diversification across yarns, fabrics, and apparel positions it strongly within the evolving textile landscape.”

The Indian textile and apparel industry is witnessing robust growth, driven by rising global demand, government initiatives, and a growing preference for sustainable and value-added products. Cedaar Textile is well-placed to capitalize on these trends, and we believe this IPO will play a pivotal role in helping the company scale its operations, strengthen its market presence, and create long-term value.”

About Cedaar Textile Limited:

Cedaar Textile Limited (The Company, Cedaar) manufactures and markets a diverse range of yarns and textile products, including Melange Yarns, Solid Top Dyed Yarns, Raw White Yarns and Grey Fancy Yarns in blends of Cotton, Polyester, Viscose, Acrylic, Tencel, Modal, and other fibers.

With a strong focus on sustainability, it offers products made from 100% Organic and Recycled Fibers, as well as Fabric and Technical Textiles. The company has also ventured into women’s athleisurewear under the brand "U&I" and is in discussions for the acquisition of a garment manufacturing unit.

In FY24, The Company Achieved a Revenue of ₹ 18,968.38 Lakhs, EBITDA of ₹ 2,881.05 Lakhs, & PAT of ₹ 1,105.04 Lakhs.

As of Dec 24, The Company achieved a Revenue of ₹ 11,202.62 Lakhs, EBITDA of ₹ 1,958.98 Lakhs & PAT of ₹ 706.18 Lakhs.

Disclaimer:

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

 

Union Minister Dr. Jitendra Singh Calls for Closer Collaboration among academic Institutions of Higher Education—Such as IITs, IIMs, AIIMS, IIMC, CSIR—and Scientific Institutions to Build Sustainable Startups

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“The Age of Working in Silos Is Over,” Declares Dr. Jitendra Singh While Interacting with Students of IIM Mumbai

Calls for Greater Synergy Between Public and Private Sectors to Accelerate Innovation and Meet Aspirational Goals

Highlights Democratisation of Civil Services and Rise of Women-Led Development Over the Last 11 Years

Busts the Myth That Startups Require Fancy IT Degrees—Says Aptitude Is the Cornerstone of Success

Posted On: 24 JUN 2025 6:05PM by PIB Delhi

MUMBAI, June 24 : After inaugurating a state-of-the-art Incubation Centre at IIM Mumbai, Union Minister of State (Independent Charge) for Science & Technology, Dr. Jitendra Singh, made a clarion call for closer collaboration among academic  institutions of higher education and scientific research, such as IITs, IIMs, AIIMS, IIMC and CSIR, to nurture sustainable startups and innovation-driven entrepreneurship.

While interacting with students, Dr. Jitendra Singh emphasized that “The age of working in silos is over.” He asserted that the integration of academia, industry, and government is essential for India to meet its rapid development goals. “Greater synergy between the public and private sectors is not an option—it’s a necessity,” he remarked.

Dr. Jitendra Singh, Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, and MoS in the Prime Minister Office, Dept. of Space and Atomic Energy highlighted the democratization of civil services and the growing wave of women-led development over the past decade. Citing the Aditya L1 space mission, he proudly shared that it was led by women scientists, reflecting the inclusive and aspirational rise of India.

The Minister recounted a powerful story of a 16-year-old girl from a militancy-affected town who cracked the IIT entrance exam without coaching, using just a smartphone and determination—“12 hours a day for 8 months, powered by the internet,” she told him. “This is the new India, where dreams transcend limitations,” said the Minister.

Dr. Jitendra Singh also drew a contrast between the last 11 years and the preceding decade, noting that earlier generations had limited career choices. “Today’s youth have a wide array of professional avenues, supported by a rise in national self-esteem, which is reflected in how Indian students abroad command respect and better offers,” he said. He also noted that in recent years, girls have consistently topped the Civil Services Examination, signalling a significant shift in the country’s social landscape.

Charting India’s rise in research and development, Dr. Singh said, “India’s Gross Expenditure on R&D (GERD) has doubled in the last decade—from ₹60,196 crore in 2013-14 to ₹1,27,381 crore today—under Prime Minister Modi's leadership.”

He underscored that the future of India’s economy will be shaped by homegrown advancements in biotechnology, artificial intelligence, and quantum computing. Key to this has been government support, like the launch of India’s first indigenous DNA-based COVID vaccine, under the Department of Biotechnology (DBT).

He also hailed the BioE3 Policy—Biotechnology for Economy, Environment, and Employment—as a game-changer, propelling India to the forefront of global biotech.

With India rising to the 3rd largest startup ecosystem in the world, Dr. Jitendra Singh revealed that the number of startups has grown from 350 in 2014 to over 1.5 lakh in 2025. “Startups in space tech are adding significant value,” he said, noting that the government has allowed 100% FDI in the space sector and set up a ₹1,000 crore venture fund for space-based startups.

Dr. Jitendra Singh debunked the myth that startups are limited to IT professionals from elite institutions. “Startups are built on **aptitude, ideas, and innovation,” he stated. He reiterated that entrepreneurial potential exists across every sector, from biotech to agri-tech.

Dr. Jitendra Singh shared the success of the Aroma Mission, where more than 3,000 lavender-based startups are generating substantial income in rural India, creating employment and transforming lives.

The Minister also emphasized that the National Education Policy (NEP-2020) is a strong enabler of the startup ecosystem, offering students flexibility in subject selection and a holistic learning environment to become innovators, not just job seekers.

Dr. Jitendra Singh pointed out that agriculture, though contributing only around 14%  to GDP, supports the largest section of India’s population. He stressed the hidden potential in this sector and the importance of leveraging technology and innovation to unlock it.

Dr. Jitendra Singh also called the present youth “fortunate and uniquely positioned” as they will be at the prime of their careers in 2047, when India celebrates 100 years of Independence.

“You are the generation that will lead a Viksit Bharat—a fully developed India. This is not just your opportunity, it is your responsibility,” he stated, urging students to prepare themselves for the historic role they are destined to play in shaping the nation’s future.

Pushpa Jewellers Limited IPO Opens on June 30, 2025

 

● Total Issue Size - Up To 67,11,000 Equity Shares of ₹ 10 each

● Fresh Issue - Up To 53,70,000 Equity Shares

● Offer For Sale - Up To 13,41,000 Equity Shares

● IPO Size - ₹ 98.65 Crore (At Upper Band)

● Price Band - ₹ 143 - ₹ 147 Per Share

● Lot Size - 1,000 Equity Shares

Mumbai, June 24, 2025 – Pushpa Jewellers Limited (Pushpa, The Company) is a wholesale B2B jewellery maker, proposes to open its Initial Public Offering on Monday, June 30, 2025 aiming to raise ₹ 98.65 Crore (At Upper Price Band), with shares to be listed on the NSE Emerge platform.

The issue size is 67,11,000 equity shares at a face value of ₹ 10 each with a price band of ₹ 143 - ₹ 147 Per Share.

Equity Share Allocation

• QIB Anchor Portion - Up To 9,56,000 Equity Shares

• Qualified Institutional Buyer - Up To 22,31,000 Equity Shares

• Non-Institutional Investors - Not less than 9,57,000 Equity Shares

• Retail Individual Investors - Not less than 22,31,000 Equity Shares

• Market Maker - Not less than 3,36,000 Equity Shares

The net proceeds from the IPO will be utilized to finance the establishment of the proposed new showroom, including the capital expenditure cost and inventory cost for the showroom, funding working capital requirements and general corporate purpose. The anchor portion will open on June 27, 2025 and issue will close on July 02, 2025.                                                                                       

The Book Running Lead Manager to the Issue is Affinity Global Capital Market Private Limited, The Registrar to the Issue is Cameo Corporate Services Limited.

Mr. Anupam Tibrewal, Managing Director of Pushpa Jewellers Limited expressed, "Our journey began with a clear vision to craft timeless jewellery that blends tradition with elegance. Over the years, we have not only built a strong presence across India but have also taken our designs to international markets through our growing export business. Today, we are proud to be recognised for our design excellence, quality craftsmanship, and customer trust.

The announcement of our Initial Public Offering marks a major milestone in our journey. The proceeds will support the establishment of a new showroom, enabling us to strengthen our retail footprint and offer an enriched customer experience. This expansion is part of our broader plan to scale operations, explore untapped markets both domestic and overseas, and further solidify our position in the jewellery industry."

Mr. Sanjay Bhalotia, Founder and Chairman of Affinity Global Capital Market Private Limited said, "The Indian jewellery industry continues to show resilient growth, driven by evolving consumer preferences, rising disposable income, and increasing demand for branded, high-quality designs. With exports gaining momentum and organised players expanding their footprint, the sector is undergoing a significant transformation.

This company stands at a promising juncture, backed by a strong product portfolio, established manufacturing capabilities, and a growing presence in both domestic and international markets. The proposed Initial Public Offering will support its retail expansion and operational scale-up, positioning it well to capture emerging opportunities and strengthen its role in the evolving jewellery landscape."

About Pushpa Jewellers Limited:

Pushpa Jewellers Limited (Pushpa, The Company) is a Wholesaler jewellery maker in the B2B segment with a presence across India. The Company is one of the leading jewellery manufacturers specializing in both traditional and modern gold jewellery. It offers a wide range of gold jewellery, incorporating fine stones like Emerald, Jade, Pearl, and Meena. The Company has a strong presence in multiple regions across India and exports its products to international markets such as Dubai, the United States, and Australia, with plans for further expansion.

The Company combines in-house design and outsourced manufacturing operations to ensure high-quality production. It provides a diverse range of jewellery, including necklaces, rings, earrings, bangles, bracelets, pendants, Mangal sutras, and kadas, catering to various consumer needs. Pushpa sells its products to a wide array of customers, including wholesalers, retailers, and state-owned entities.

In FY24, The Company Achieved a Revenue of ₹ 25,534.28 Lakhs, Operating EBITDA of 1,987.50 Lakhs, & PAT of ₹ 1,357.70 Lakhs.

In FY25, The Company achieved a Revenue of ₹ 28,106.07 Lakhs, Operating EBITDA of ₹ 3,175.59 Lakhs & PAT of ₹ 2,228.63 Lakhs.

Disclaimer: 

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Indogulf Cropsciences Limited’s Initial Public Offering to open on Thursday, June 26, 2025, price band set at ₹105/- to ₹111/- per Equity Share

 Mumbai, June 23, 2025: Indogulf Cropsciences Limited has fixed the price band of ₹105/- to ₹111/- 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 Thursday, June 26, 2025, for subscription and close on Monday, June 30, 2025. Investors can bid for a minimum of 135 Equity Shares and in multiples of 135 Equity Shares thereafter.

 

The IPO is a mix of fresh issue of up to Rs 160 crore and an offer for sale up to 15,40,960 equity shares by Om Prakash Aggarwal (HUF), and up to 20,62,643 equity shares by Sanjay Aggarwal (HUF).

 

The proceeds from the fresh issue to the extent of Rs 65 crore will be used for funding working capital requirements of the company; Rs 34.12 crore for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company; Rs 14 crore for Capital expenditure of the Company for setting up an in-house dry flowable (DF) plant at Barwasni, District Sonipat, Haryana; and general corporate purposes.

Indogulf Cropsciences commenced its operations in 1993 and primarily operate under three business verticals namely crop protection, plant nutrients and biologicals, to retail and institutional customers focused on improving the crop yield. It is engaged in the business of manufacturing of crop protection products, plant nutrients and biologicals in India. 

It is one of the first few indigenous manufacturers of Pyrazosulfuron Ethyl technical, with the minimum purity of 97% indigenously in India and commenced production in 2018. It is recognized as a ‘Two Star Export House’ and a growing exporter of crop protection, plant nutrients and biologicals products and it exported its products to over 34 countries. (Source: CareEdge Report)

It manufacture and market extensive range of products in all types of available formulations such as water dispersible granules (“WDG”), suspension concentrate (“SC”), capsule suspension (“CS”), ultra- low volume (“ULV”), emulsion in water (“EW”), soluble granule (“SG”), flowable suspension (“FS”), etc. which can be in powder, granules and liquid form and catering to a broad spectrum of crops, including cereals, pulses and oilseeds, fibre crops, plantations, and fruits and vegetables.

The company's key customers include Krishi Rasayan Exports Private Limited, Delhi, Parijat Industries (India) Private Limited, Delhi, BR Agrotech Private Limited, Delhi, Crystal Crop Protection Limited, Delhi, and Asasiat of Development for Agric & Trade Co., UAE. It has also established long-term relationships with suppliers namely Coromandel International Limited, GSP Crop Science Private Limited, Gujarat, Dagro Chemical (Changzhou) Co. Ltd., China, Hubei Benxing Supply Chain Management Co. Ltd, China, and MaxxGro Agrology Private Limited, Delhi.

Presently it operates four manufacturing facilities located in Samba, Jammu and Kashmir; Nathupur - I, Haryana; Nathupur - II, Haryana; and Barwasni, Haryana. It also has two Subsidiaries, Indogulf Cropsciences Australia Pty Ltd located in Sydney, Australia and Abhiprakash Globus Private Limited located in Delhi, India. 

It has a presence across 22 states and 3 Union Territories in India and over 34 countries outside India. As on April 30, 2025, it has a network of 192 institutional business partners (b2b), 6,916 working domestic distributors (b2c), supported by 17 stock depots and 6 sales/branch offices and 143 overseas business partners in over 34 countries.

 

Indogulf Cropsciences’ revenue from operations increased from Rs 549.66 crore in Fiscal 2023 to Rs 552.23 crore in Fiscal 2024. Profit after tax increased by 25.91% from Rs 22.42 crore for Fiscal 2023 to Rs 28.23 crore for Fiscal 2024.

For the nine months ended December 31, 2024, revenue from operations stood at Rs 464.19 crore and profit after tax stood at Rs 21.68 crore.

Systematix Corporate Services Limited is the sole book-running lead manager, and Bigshare Services Private Limited is the registrar of the issue.

 

The Offer 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 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.

 

Notes for Reference:

Issue Size of the IPO based on the upper and lower end of the price band

	Fresh Issue	OFS (36,03,603 equity shares)	Total
Lower Band (@Rs 105)	Rs 160 crore	Rs 37.84 crore	Rs 197.84 crore
Upper Band (@Rs 111)	Rs 160 crore	Rs 40 crore	Rs 200 crore

Neetu Yoshi Limited IPO Opens on June 27, 2025

 

● Total Issue Size – Up to 1,02,72,000 Equity Shares of ₹ 5 each

● IPO Size - ₹ 77.04 Crore (At Upper Price Band)

● Price Band - ₹ 71 - ₹ 75 Per Share

● Lot Size – 1,600 Equity Shares

Mumbai, June 23, 2025 – Neetu Yoshi Limited (The Company, Neetu Yoshi) is a metallurgical engineering company manufacturing critical safety spares for railways, proposes to open its Initial Public Offering on Friday, June 27, 2025, aiming to raise ₹ 77.04 Crore (At Upper Price Band), with shares to be listed on the BSE SME platform.

The issue size is 1,02,72,000 equity shares at a face value of ₹ 5 each with a price band of ₹ 71 - ₹ 75 Per Share.

Equity Share Allocation

• Anchor Portion – Up to 29,20,000 Equity Shares

• Qualified Institutional Buyer – Up to 19,52,000 Equity Shares

• Non-Institutional Investors – Not less than 14,65,600 Equity Shares

• Retail Individual Investors – Not less than 34,14,400 Equity Shares

• Market Maker – Up to 5,20,000 Equity Shares

The net proceeds from the IPO will be utilized for Setting up of new manufacturing facility and for general corporate purposes. The issue will close on Tuesday, July 01, 2025

The Book Running Lead Manager to the Issue is Horizon Management Private Limited, The Registrar to the Issue is Skyline Financial Services Private Limited.

Mr. Himanshu Lohia, Managing Director and Chief Financial Officer of Neetu Yoshi Limited expressed “This IPO marks an important chapter in Neetu Yoshi’s journey. Our company began as a trading business supplying specific raw materials to OEMs of Indian Railways and has since evolved into a metallurgical engineering company manufacturing critical safety components. Today, we are an RDSO-certified Class A vendor, supplying over 25+ essential railway spares including braking systems, suspensions, propulsion aids and coupling attachments.

This IPO will support the development of a new advanced manufacturing facility, helping us expand our capabilities in producing complete bogies and couplers for high-speed trains. With this, Neetu Yoshi Limited is committed to contributing to the future of rail transportation through reliable engineering and continuous innovation.”

Mr. Manav Goenka, President of Horizon Management Private Limited said, "We are pleased to be associated with Neetu Yoshi Limited as they take this important step in their growth journey through the launch of their Initial Public Offering. As a metallurgical engineering company catering to Indian Railways, Neetu Yoshi has steadily built its capabilities in manufacturing critical safety components.

With the Indian railway sector undergoing rapid expansion and modernization, there is a growing demand for reliable, locally manufactured components. Neetu Yoshi’s planned investment in advanced manufacturing infrastructure is a timely move that aligns with the industry’s evolving needs. The IPO marks a key development in their business operations."

About Neetu Yoshi Limited:

Neetu Yoshi Limited (The Company, Neetu Yoshi) is a metallurgical engineering company manufacturing critical safety spares for railways. The products include mild steel, spheroidal graphite iron, cast iron, and manganese steel (0.2 kg to 500 kg). The Company is an RDSO-certified vendor supplying 25+ critical safety spare parts for Indian Railways, specializing in braking solutions, suspensions, propulsion aids and coupling attachments. Accredited with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, it upholds high-quality, environmentally sustainable, and safe manufacturing practices.

The Company has established a Class “A” RDSO-certified manufacturing facility in Bhagwanpur, Uttarakhand, spanning 7,173 sq. meters with 8,087 MTPA capacity. With advanced infrastructure, in-house testing, and strategic location, the company delivers precision-engineered, high-quality metallurgical products at competitive prices. As a late mover, Neetu Yoshi leverages advanced technology, CNC precision, and cost-efficient processes to gain a competitive edge while developing next-gen railway solutions.

 In FY24, The Company Achieved a Revenue of ₹ 4,733.42 Lakhs, EBITDA of ₹ 1,718.57 Lakhs, & PAT of ₹ 1,257.72 Lakhs.

For the nine-month period ended December 31, 2024, The Company Achieved a Revenue of ₹ 5,136.08 Lakhs, EBITDA of ₹ 1,684.89 Lakhs, & PAT of ₹ 1,199.24 Lakhs.

Disclaimer: 

Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Ministry of Tourism commemorates International Yoga Day at Historic Kanheri Caves

 Union Minister Piyush Goyal leads Yoga Day Celebrations at Mumbai’s Kanheri Caves

Mumbai, 21 June 2025 : The Regional Office of the Ministry of Tourism, Government of India, Indiatourism Mumbai, in collaboration with the Archaeological Survey of India (ASI), Mumbai Circle and Sanjay Gandhi National Park (SGNP), successfully commemorated the 11th International Day of Yoga on Saturday, 21 June 2025, at the historic Kanheri Caves, Mumbai. Renowned for their ancient Buddhist sculptures, inscriptions, and intricate carvings, the Kanheri Caves provided a serene and inspiring backdrop for this significant event, held under the theme "Yoga for One Earth, One Health."

The event was graced by the august presence of Hon'ble Union Minister of Commerce and Industry, Shri Piyush Goyal who participated in the mass yoga session, reinforcing the importance of yoga in promoting global health and unity. In his address, the Chief Guest, Shri Piyush Goyal, emphasized the importance of integrating yoga into daily life to foster holistic health and societal harmony. Speaking at the event, Shri Goyal said, “Many miraculous outcomes have come to light—how people have attained liberation through yoga, even from major diseases. The people of India have experienced this transformation. Today, the entire world is embracing the practice of yoga and moving towards traditional medicine.”

The program commenced at 05:30 AM with the arrival of participants, followed by a live telecast of the Hon'ble Prime Minister's address from 06:30 AM to 07:00 AM. Esteemed yoga instructors Smt. Sunita Deshmukh and Smt. Mrunal Kanetkar from Kaivalyadham led the Common Yoga Protocol (CYP) from 07:00 AM to 07:45 AM, demonstrating yoga's transformative benefits for physical, mental, and spiritual well-being. The event concluded with a vote of thanks by the Regional Director, Indiatourism Mumbai, followed by a group photograph and distribution of refreshments.

Additional Secretary, Ministry of Tourism, Shri Suman Billa, Regional Director, Indiatourism Mumbai,  Shri Mohamed Farouk and other senior officials attended the event. Approximately 500 participants, including government officials, representatives from educational institutions, yoga enthusiasts, tourism stakeholders and members of the public united to celebrate India's rich cultural heritage. The International Day of Yoga at Kanheri Caves served as a distinguished platform to promote yoga's physical, psychological, and spiritual benefits.

India Launches Operation Sindhu Amid Escalating Iran-Israel Tensions

Mumbai– In response to the evolving situation between Iran and Israel, the Indian Government has launched Operation Sindhu to ensure the safety of its citizens. This is following a series of advisories issued earlier by the Indian Embassy in Tehran, efforts are now underway to relocate Indian nationals, including students, from high-risk zones to safer areas.

As part of the operation, the Ministry of External Affairs (MEA) confirmed that 110 Indian students were evacuated from northern Iran on 17th June 2025. They were assisted by the Indian Embassy in safely crossing into Armenia by road, under the supervision of Indian missions in both Iran and Armenia. The students then traveled to Yerevan, the Armenian capital.

On the morning of 19th June, the students arrived in New Delhi, where they were received by the Minister of State, Kirti Vardhan Singh. The Indian Government expressed its deep appreciation to the Governments of Iran and Armenia for their cooperation in facilitating the evacuation.

The MEA also stated, “India accords the highest priority to the safety and security of its nationals abroad. As part of the ongoing operation, our Embassy in Iran continues to assist large numbers of Indian citizens in relocating from areas affected by hostilities to safer zones, with the aim of evacuating them through feasible routes.”

The MEA has also advised all Indian nationals currently in Iran and Israel to remain in close contact with the respective Indian Embassies for timely updates and assistance.

RRP S4E Innovation Ltd and Optix Bulgaria Forge Strategic Partnership to Strengthen ‘Atmanirbhar Bharat’ and ‘Make in India’ Vision

Mumbai, India – June 20, 2025 – In a landmark move that underscores India's vision of self-reliance and indigenous defence manufacturing, RRP S4E Innovation Ltd, a fast-growing Indian electro-optics company, is set to sign a Memorandum of Understanding (MoU) with Optix Bulgaria, global pioneers in advanced electro-optics solutions.

The MoU, to be formalized on June 20, marks a historic moment for RRP S4E Innovation Ltd, paving the way for the Transfer of Technology (ToT) for a new generation of cutting-edge defence products, including:

• Ultra Lightweight Thermal Sights

• Extended Long-Range Surveillance Systems

• Handheld Thermal Imagers (HHTIs)

Optix Bulgaria brings deep expertise, having mastered all its product offerings through in-house R&D. Their innovations are battle-tested and globally respected. With this collaboration, the companies aim to introduce advanced thermal technologies never before deployed in the field — offering high performance at a competitive cost.

Over 300 thermal sights are already deployed at strategic locations, with Optix’s flagship product ‘Diana’ recognized as a game-changer in electro-optics. These innovations will now be adapted for Indian needs, providing practical, frontline solutions to real battlefield challenges.

"This is more than a partnership — it's a transformational moment for both companies," said Georgy Kosturkov, CEO of Optix Bulgaria. "Our technologies and RRP's deep understanding of the Indian defence ecosystem create a lethal combination with unmatched potential."

Since its inception in 2018, RRP S4E Innovation Ltd has committed itself to developing products that meet the standards of the Make in India initiative. Supported early on by the Maharashtra Defence and Aerospace Venture Fund, under the leadership of Vice President Amey Belorkar, RRP quickly established a robust infrastructure, enabling MSMEs and entrepreneurs to scale bold ideas.

"We began with a vision, and today we are proud to hold four patents and a rapidly growing product line," said Rajendra Chodankar, Founder and Chairman of RRP S4E Innovation Ltd. “With the strategic handholding of Optix Bulgaria, the sky is truly the limit. This partnership opens doors to mega opportunities that transcend borders.”

RRP has recently clocked ₹61.58 crores in revenue, with strong Profit After Tax (PAT) margins. With projections of exponential year-on-year growth, the company is confidently eyeing the ₹500 crore milestone in the near future.

The press conference, held to announce this strategic partnership, was attended by leading dignitaries from Optix Bulgaria:

• Mr. Georgy Kosturkov, CEO

• Mr. Peter Bosnev, International Sales Manager

• Mr. Yanko Filipov, Lead Designer – Thermal Devices

• Mr. Pencho Georgiev, R&D Engineer

This collaboration is poised to redefine the landscape of India’s electro-optics defence capabilities and drive a new era of indigenous innovation.

Industry Meets Academia in Mumbai, CII and ITC Hotels Expand National Initiative, Shaping India’s Education-Employment Future

~ Following successful runs in Delhi, Agra, Kolkata, Ahmedabad, Bengaluru, and Chennai, the CII Industry-Academia Connect 2025 was held in Mumbai.

~Over 45 industry and academic leaders joined forces to strengthen India’s future-ready workforce.

 

Mumbai, 19th June 2025: Following a high-impact run in Delhi, Agra, Kolkata, Ahmedabad, Bengaluru, and Chennai, the Industry-Academia Connect 2025 concluded its impactful momentum to foster a stronger collaboration between industry and academia in Mumbai. Held on 19th June at the ITC Maratha, Mumbai, the initiative is a brainchild of the Confederation of Indian Industry (CII), in collaboration with ITC Hotels and EHL (École hôtelière de Lausanne, founded in 1893). The engagement featured thought-provoking exchanges, actionable insights, and a strong emphasis on harmonizing curriculum frameworks with dynamic industry demands.

 

The Mumbai edition drew strong participation from academicians, institutional heads, and sectoral experts from industries spanning diverse sectors, including Manufacturing, IT, Animation, Food and Beverage, Hospitality, and BFSI. Aimed at strengthening the ties between India’s educational institutions and the evolving industry ecosystem, the initiative is designed to align educators and industry leaders to contribute positively towards the future readiness of India’s workforce.

 

The session was headlined by Mr Praveen Roy, Advisor, Confederation of Indian Industry; Mr Kanav Mata, Director and Regional Head (South Asia, Myanmar & Middle East), EHL; Mr Nilesh Mitra, Vice President, Talent Management, ITC Hotels Limited; Mr. Ashank Desai, Managing Director, Mastek Limited; Mr Raj Kishan Mallavarapu, Chief Human Resources Officer, Rich Products Corporation; and Mr. Sridhar Sarathy, Chief Ethics Officer & Head – Sustainability & CSR, Tata Capital Limited.

 

Mr Nilesh Mitra, Vice President - Talent Management, ITC Hotels, said, “Bridging the gap between academia and industry is essential to building a future-ready workforce, especially in dynamic sectors like hospitality. ITC is proud to partner with CII and EHL in this initiative, reaffirming our commitment to building a future-ready, skilled workforce that will drive sustainable growth and innovation across sectors.”

 

Mr Praveen Roy, Advisor, CII, said, “The core purpose of this initiative is to bridge the persistent gap between what education imparts and what industry truly needs. By bringing academia and industry leaders together, we aim to create a collaborative ecosystem that nurtures talent equipped with relevant skills, ensuring that India’s workforce is not only employable but future-ready in a rapidly changing global landscape.”

 

Over 65 senior representatives from academia and Industry reiterated the need to strengthen the connection between education and employment across the country, ensuring that academic output aligns with industrial demands so that our economy benefits from a robust, future-ready and skilled workforce.

 

Building on the remarkable success of the VET by EHL Swiss Professional Diploma Programme, which trained over 800 students across 10 ITC Hotels in India and achieved 100% placement with top hospitality brands, the CII Industry-Academia Connect 2025 is now poised to further strengthen industry-academia collaboration.

Ellenbarrie Industrial Gases Limited’s Initial Public Offering to open on Tuesday, June 24, 2025, price band set at ₹380/- to ₹400/- per Equity Sha

( L-R) Mr. Varun Agarwal, Joint Managing Director and Padam Kumar Agarwala, Chairman and Managing Director, Ellenbarrie Industrial Gases Limited’s at their IPO Press Conference held in Mumbai today.

 

Mumbai, June 19, 2025: Ellenbarrie Industrial Gases Limited has fixed the price band of ₹380/- to ₹400/- per Equity Share of face value ₹2/- each for its maiden initial public offer.

 

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, June 24, 2025, for subscription and close on Thursday, June 26, 2025. Investors can bid for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter.

 

The IPO is a mix of fresh issue of up to Rs 400 crore and an offer for sale up to 56,56,565 equity shares by Padam Kumar Agarwala, and up to 56,56,565 equity shares by Varun Agarwal.

 

The proceeds from the fresh issue to the extent of Rs 210 crore will be used for repayment/prepayment, in full or in part, of certain outstanding borrowings availed by the Company; Rs 104.50 crore for setting up of an air separation unit at its Uluberia-II plant with a capacity of 220 TPD; and general corporate purposes.

Ellenbarrie Industrial Gases is one of the oldest operating industrial gases companies in India, with a rich legacy of over 50 years. (Source: F&S Report) It manufactures and supplies industrial gases including oxygen, carbon dioxide, acetylene, nitrogen, helium, hydrogen, argon and nitrous oxide, as well as dry ice, synthetic air, firefighting gases, medical oxygen, liquid petroleum gas, welding mixture and speciality gases catering to a wide range of end-use industries. It is one of the important manufacturers of industrial gases in East India and South India, and the market leader in the states of West Bengal, Andhra Pradesh and Telangana, each in terms of installed manufacturing capacity, as of March 31, 2025. (Source: F&S Report)

Its service include project engineering services, that it leverage its extensive technical know-how for the design, engineering, supply, installation and commissioning of tonnage air separation units ("ASUs") and related projects on a turnkey basis for customers across several sectors. It also offers turnkey solutions involving medical gas pipeline systems, where it assists healthcare facilities in designing, installing, commissioning, operation and maintenance of medical gas pipeline systems. In addition, it supplies its products and medical equipment to healthcare facilities, that includes anaesthesia workstation, spirometers, ventilators, sterilizers, bed-side monitors, and lung diffusion testing machines.

It has a robust distribution network, with the third highest number of transport tankers, cylinders and customer installations in India. (Source: F&S Report)

Its portfolio includes public and private entities, such Jairaj Ispat Limited, Rashtriya Ispat Nigam Limited, Dr. Reddy's Laboratories Limited, Laurus Labs Limited, All India Institute of Medical Sciences, West Bengal Medical Services Corporation Limited, Chittaranjan National Cancer Institute, GMM Pfaudler Limited, and Air India Engineering Services Limited, Jupiter Wagons Limited, Hindustan Shipyard Limited. Further, it supplies products to the Indian armed forces, including, at the Indian Air Force bases in East, South and West India, the Eastern Naval Command bases and multiple Government-owned laboratories. It also supplies products to multiple railway workshops and railways hospitals across East and South India.

It has a diversified customer base, and in Fiscal 2025 it sold its products to 1,829 customers. It operates nine facilities across East, South and Central India, of which five facilities are located in West Bengal, two in Andhra Pradesh, one in Telangana and one in Chhattisgarh, as of March 31, 2025.

 

Ellenbarrie Industrial Gases’ revenue from operations increased 15.96% from Rs 269.48 crore in Fiscal 2024 to Rs 312.48 crore in Fiscal 2025, primarily due to increases in the sale of manufactured products and revenue from construction contracts. Profit after tax increased by 83.91% from Rs 45.29 crore for Fiscal 2024 to Rs 83.29 crore for Fiscal 2025.

Motilal Oswal Investment Advisors Limited, IIFL Capital Services Limited, JM Financial Limited are the book-running lead managers, and KFin Technologies Limited is the registrar of the issue.

 

The Offer 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 offer shall be available for allocation to non-institutional investors, and not less than 35% of the offer shall be available for allocation to retail individual bidders.

 

Notes for Reference:

Issue Size of the IPO based on the upper and lower end of the price band

	Fresh	OFS (11,313,130 equity shares)	Total
Lower Band (@Rs 380)	Rs 400 crore	Rs 429.90 crore	Rs 829.90 crore
Upper Band (@Rs 400)	Rs 400 crore	Rs 452.53 crore	Rs 852.53 crore

 

PIB Mumbai conducts media workshop titled ‘Varta’ on the theme ‘Eleven Years of Inclusive Growth’

Ministry of Information & Broadcasting

PIB makes credible, verified information about Central Government decisions and schemes available to mass media and public at large: DG (West Zone), Ministry of Information and Broadcasting Ms. Smita Vats Sharma

Citizens should share correct information for NSO field surveys as capturing credible data for socio-economic parameters is important for formulating policies: Deputy Director-General, NSO, Ms. Supriya Roy

: Mumbai, June 18, 2025

Press Information Bureau (PIB), Mumbai Region, conducted a media workshop - ‘Varta’ on the themse ‘Eleven Years of Inclusive Growth’ for mediapersons, at Navi Mumbai today.  Senior officers from the National Statistics Office (NSO) and Department of Economics and Statistics (DES), Government of Maharashtra, participated in the workshop as key speakers and deliberated on the significance of data-driven policy-making to bring about ‘Viksit Bharat’ by 2047.

Delivering the keynote address, Director General (West Zone), Union Ministry of Information and Broadcasting, highlighted the key role being played by PIB in making credible, verified information about policies, programmes, welfare schemes and key decisions of the Central Government available to mass media and public at large. The DG (West Zone), Ministry of I & B, explained to media persons as to how PIB functions to make authentic information, in the form of press releases, explainers, backgrounders, research articles available to media-persons in all regional languages. A huge repertoire of information related to progress in various socio-economic aspects in the last eleven years (Eleven Years of Inclusive Growth) has been made available by PIB in its website. The Director-General informed that PIB Mumbai Region brings out all press releases in the regional language Marathi for the benefit of regional mediapersons. PIB Mumbai also caters significant information from the Central Government through its official social media accounts in Marathi and English, so as to amplify the reach to citizens.

Director-General (West Zone), Ministry of Information and Broadcasting Smt. Smita Vats Sharma addressing at Varta- Media Workshop in Navi Mumbai

 

Smt. Supriya Roy, Deputy Director General, National Statistics Office, Field Operations Division, Mumbai, stated about the importance of data in public policy-making. Smt. Roy urged the media persons to raise awareness about the works done by NSO in collecting data through conducting large scale all-India sample surveys for creating the database needed for studying the impact of specific problems for the benefit of different population groups in diverse socio-economic areas, such as employment, consumer expenditure, housing conditions and environment, literacy levels, health, nutrition, family welfare, etc.  The DDG, NSO-FOD, Mumbai Smt. Roy highlighted that that one major challenge faced by the National Sample Survey Office (NSO) in conducting surveys is the non-cooperation of individuals, particularly from certain segments of the population, who refuse to share data. This refusal can lead to incomplete or biased datasets, hindering the accuracy and reliability of survey results. Hence, mass-media may play an important role in spreading awareness about the importance of capturing credible data across various socio-economic parameters for formulating policies for welfare schemes and decisions of the government, she added. Smt. Roy also informed about the e- Sankhyiki Portal (https://esankhyiki.mospi.gov.in/  ) which provides India's Official Statistics like Economic Census, Macro-indicators and a Data Catalogue. Smt. Bhagyashree Sathe, Director, NSO-FOD Mumbai stated that data collection about India’s informal sector, which earlier was a big challenge, is being done on an annual basis for the last three years. A survey on how much time people are spending over phone and social media has been taken up by NSO between January to December 2024, she informed.  Smt. Savita C. Dixit, Joint Director, DES, and Shri Bhushan Deshpande, Deputy Director, DES, in their presentation highlighted how the department conducts survey at district level for collection, validation and dissemination of multi-sectoral data. The media can play a vital role to make the country’s statistical system to mature by urging people and creating awareness of sharing authentic data in such surveys, stated the DES officers.

Deputy Director General, NSO-FOD Mumbai, Smt. Supriya Roy, addressing mediapersons at PIB’s media workshop titled ‘Varta’ at Navi Mumbai

Smt. Bhagyashree Sathe, Director, NSO-FOD Mumbai, speaking in a session on data-governance At PIB Mumbai’s media workshop ‘Varta’ at Navi Mumbai

The mediapersons also raised their queries about Journalist Welfare Scheme, PIB’s outreach activities, accreditation of media persons, among other issues discussed in the interactive session. PIB Mumbai officers present on the occasion included Shri Sayyid Rabeehashmi, Director, PIB, and Smt. Jayadevi Pujari Swami, Deputy Director, PIB. Smt. Nikita Joshi, Assistant Director, PIB, delivered the vote of thanks. A presentation on the organizational structural of PIB and how it works all 365 days to disseminate authentic information of the Union Government, with a special focus on PIB in Maharashtra-Goa Region was delivered by Ms Sriyanka Chatterjee, Media and Communication Officer and Shri Edgar Coelho, Information Assistant, PIB

“Salakaar” Premieres August 15 on JioHotstar – A Riveting Drama of Intelligence, Sacrifice, and Patriotism

~ Directed by Faruk Kabir and Produced by Sphereorigins and Mahir Films, Salakaar premieres this Independence Day, only on JioHotstar ~

Mumbai, June 12, 2025: Salakaar is a high-stakes spy thriller where the past and present collide with devastating consequences. Set across two timelines, the series follows a young Indian spy on a covert mission that uncovers hidden truths and national secrets. Inspired by real events, Salakaar tells the story of a decorated spymaster who, driven by sheer mettle and crucial intelligence, successfully disarms enemy forces to safeguard national security. With layers of intrigue, action, and patriotism, Salakaar brings a powerful narrative of courage and sacrifice to the screen, only on JioHotstar on August 15.

Alok Jain, JioStar, said, At JioHotstar, we are committed to shaping an entertainment ecosystem that reflects the evolving preferences of India’s diverse audience and Salakaar embodies that perfectly. We are proud to bring a story that is both emotionally resonant and cinematically ambitious. We continue to support stories that challenge convention while staying rooted in powerful human truths. I’m thankful to the entire team who dedicated their precious years to bringing this to audiences this Independence Day.”

Faruk Kabir, director and co-writer, said, “Salakaar is not just a spy thriller, it’s a deeply emotional narrative about fractured legacies and the cost of silence. We’re looking at espionage not only as a mission but as a burden, as a debt that passes from one generation to another.”

Sunjoy Waddhwa, Chairman & Managing Director, Sphereorigins said, “With Salakaar, we wanted to push the boundaries of spy thrillers in India - this is an incredible story, it is layered, relevant and emotionally sharp. We’ve found great partners in JioHotstar to bring this tale to life and are looking forward to Aug 15 when the audiences get a chance to watch Salakaar.”

Mahir Khan, Proprietor Mahir Films, added, “We at Mahir Films have been looking forward to telling the world about Salakaar and the phenomenal story that it is, filled with courage, thrill, vulnerability and so much more. Together with Sphereorigins and JioHotstar, we aspire to bring forth an all-consuming spy thriller to the audiences.”

The launch of Salakaar builds on JioHotstar’s momentum following the success of genre-defining shows such as Criminal Justice: A Family Matter and the recent announcement of Special Ops Season 2. It is a reflection of the platform’s continued commitment to creating content that evolves with India’s changing tastes, pushing boundaries in scale, storytelling, and cultural relevance.

Salakaar will premiere on JioHotstar from August 15th!

About JioHotstar 

JioHotstar is one of India’s leading streaming platforms, formed through the coming together of JioCinema and Disney+ Hotstar. With an unparalleled content catalogue, innovative technology, and a commitment to accessibility, JioHotstar aims to redefine entertainment for everyone across India."