Friday, September 12, 2025

Ministry of Coal hosts Roadshow on Coal Gasification-Surface and Underground Technologies in Mumbai

 

Ministry of Coal

 Mumbai, 12th September 2025

The Ministry of Coal today hosted a high-level Roadshow on Coal Gasification- Surface and Underground Technologies in Mumbai, bringing together policy makers, industry leaders, investors, technology providers and other key stakeholders to accelerate India’s shift towards cleaner and more efficient use of coal. The programme showcased how coal gasification can transform the nation’s vast coal reserves into sustainable sources of energy and chemical feedstock, reduce import dependence and open up new avenues of economic growth.

Delivering the keynote address, Additional Secretary and Nominated Authority, Ministry of Coal, Ms. Rupinder Brar, highlighted the historic milestone of crossing 1 billion tonnes of coal production, describing it as a landmark achievement that underscores the sector’s pivotal role in powering India’s growth story. She emphasised that coal remains the country’s most predominant source of energy and will continue to meet its growing requirements, playing an intrinsic role in driving economic growth and national development. Outlining the Ministry’s far-reaching vision, she said coal gasification is being positioned as a central pillar of India’s energy transition and industrial expansion. Ms. Brar underlined that coal gasification provides an environmentally friendlier way to utilise domestic coal reserves while producing clean fuels, chemicals, fertilisers and other value-added products essential for national self-reliance — a pathway that also symbolises “giving back to Mother Earth” by reducing the ecological footprint of coal use.

She highlighted that the roadshow reflects the Government’s unwavering commitment to building a robust ecosystem for both surface and underground coal gasification projects. Ms. Brar called for scaling up indigenous technologies, strengthening research and development, fostering innovation, forging partnerships with private players to attract significant investments and evolving suitable business models to ensure the viability and long-term sustainability of gasification ventures. She urged stakeholders to think futuristically aligning every investment and innovation in coal gasification with global best practices in environmental protection, decarbonization, circular economy principles and sustainable development goals so that India’s energy security, industrial competitiveness and environmental stewardship progress hand in hand for decades to come.

A detailed presentation on coal gasification, highlighting its benefits, key enablers and proposed methodology, was showcased during the roadshow, underscoring its role in driving cleaner energy and industrial growth. It was explained that coal gasification converts coal into a synthetic gas (syngas) containing hydrogen (H₂), carbon monoxide (CO), methane (CH₄) and carbon dioxide (CO₂). This syngas can be used to generate electricity, produce fertilizers and chemicals, and serve as feedstock for hydrogen. The session also highlighted Underground Coal Gasification (UCG), which gasifies deep, unmineable coal seams in-situ using oxidants such as air, oxygen or steam. Hydrogen from UCG can power India’s clean fuel and hydrogen economy initiatives, while syngas and value added products can be generated through partial oxidation of CO and H₂.

It was informed that UCG offer significant environmental and operational benefits. They exploit deep seated unmineable seams with minimal surface disturbance, less water usage than conventional coal processes, and enable the production of cleaner fuels such as methanol, dimethyl ether (DME) and synthetic natural gas (SNG).

As part of its action plan to promote coal gasification, the Ministry has undertaken wide-ranging stakeholder consultations with state governments, the Ministry of Environment, Forest and Climate Change (MoEFCC), Directorate General of Mines Safety (DGMS) and the Central Ground Water Board (CGWB) to ensure that safety standards are well understood and effectively implemented. A dedicated committee has been constituted to review mining plan guidelines and integrate UCG-specific provisions, while efforts are underway to streamline approvals and incorporate these provisions in the next round of coal mine auctions.

An interactive Q&A session allowed stakeholders to engage directly with senior officials and experts on policy frameworks, technology options and investment avenues in coal gasification.

By combining cleaner technology with robust regulatory and policy support, the Ministry of Coal aims to make coal gasification including Underground Coal Gasification a key pillar in India’s journey towards sustainable and secure energy. The roadshow reaffirmed the Government’s commitment to advancing innovative technologies and fostering partnerships to unlock new value streams from India’s vast coal reserves in an environmentally responsible manner.

                                

Thursday, September 11, 2025

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, inaugurates the first-ever overseas campus of the IIM Ahmedabad (IIMA) in Dubai


Ministry of Education

Opening of IIMA’s first international campus reflects the deep-rooted ties and growing partnership between the UAE and India - H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai

IIM Ahmedabad Dubai Campus is a major leap Towards Education Globalization - Shri Dharmendra Pradhan

Dubai Provides Ideal Launchpad for ‘Indian in Spirit, Global in Outlook’ with IIM Ahmedabad Campus - Shri Dharmendra Pradhan

H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence today inaugurated the 1st-ever overseas campus of India’s premier business school, the Indian Institute of Management Ahmedabad (IIMA), in Dubai. Union Education Minister Shri Dharmendra Pradhan and H.E. Dr. Abdulrahman Abdulmannan Al Awar, Acting Minister of Higher Education and Scientific Research, UAE graced the ceremony.

A poster of two menA group of men walkingAI-generated content may be incorrect.

His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum welcomed the prestigious institution to Dubai, noting that the opening of IIMA’s first international campus in the emirate reflects the deep-rooted ties and growing partnership between the UAE and India. The energy and ambition of our youth are the driving forces of Dubai’s future, and by equipping them with the knowledge, skills, and values to succeed in a rapidly changing international environment, we are empowering them to lead with confidence, his highness added.

Speaking on the occasion Shri Pradhan said that it is a great honor to have the IIM Ahmedabad Dubai campus inaugurated by HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. This is another big leap towards globalisation of India’s education as envisioned by the Prime Minister Shri Narendra Modi. He said that IIM Ahmedabad Dubai campus will take the best of India to the world. Dubai, today, has provided the perfect launchpad to the ethos of ‘Indian in spirit, global in outlook’ by hosting the IIM Ahmedabad international campus. He expressed his gratitude to HH Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum for adding a glorious leaf to India-UAE knowledge collaboration.

Shri Sunjay Sudhir, Ambassador of India to the UAE, Shri Satish Sivan, Consul General of India in Dubai, Shri Pankaj Patel, Chairman of the Board of Governors, and Professor Bharat Bhaskar, Director, IIMA and senior officials of the Ministry were present. H.H. Sheikh Hamdan was accompanied by UAE dignitaries including H.E. Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs; H.E. Reem bint Ebrahim Al Hashimy, Minister of State for International Cooperation; H.E. Sarah bint Yousef Al Amiri, Minister of Education; H.E. Helal Saeed Al Marri, Director General, Department of Economy and Tourism; and H.E. Aisha Abdulla Miran, Director General of Knowledge and Human Development Authority.

The Minister also had a meeting with H.E. Dr. Abdulrahman Abdulmannan Al Awar, Acting Minister of Higher Education and Scientific Research, UAE. Both sides reviewed bilateral cooperation in higher education and agreed to further deepen knowledge bridges as well as make knowledge, innovation and research a key component of the Comprehensive Strategic Partnership. Joint research in critical and emerging areas, capacity building, and two-way cultural and academic exchanges were also discussed.

Shri Pradhan thanked H.E. Dr. Abdulrahman Al Awar for his appreciation of the contributions by Indian educational institutions in Dubai, particularly towards advancing mutual priorities and fostering global connectivity, as well as for the support extended towards establishing more top-quality Indian institutions in the UAE. The Minister stated that India is a global hotspot of talent and the UAE a global economic hotspot. He mentioned that both India and the UAE remain committed to strengthening people-to-people contact and cementing their age-old and strong ties.

A person and person shaking hands

Later, the Minister also visited the Manipal University campus in Dubai, where he had a roundtable discussion with principals of Indian higher education institutions including Symbiosis, BITS Pilani, MIT, Amity, and others. Shri Pradhan learnt about UAE’s academic approaches and plans for the future. The Minister outlined the need for moving the research value chain from the publication of research papers to productization and marketisation. He also mentioned that there were productive deliberations on strengthening Brand India on the global education, innovation and entrepreneurship map.

Shri Pradhan also interacted with the principals of 109 Indian Curriculum schools in the UAE. Principals of CBSE schools in other GCC countries and all global CBSE schools have joined virtually. On the occasion, Shri Pradhan announced the 12 schools in UAE are implementing Atal Tinkering Labs to foster curiosity and creativity among students.

A person standing at a podiumAI-generated content may be incorrect.

At a symbolic event organised at the Indian Consulate in Dubai, Shri Pradhan planted a sapling of the Ghaf tree, the national tree of the UAE, under the “Ek Ped Maa Ke Naam 2.0” campaign launched by Prime Minister Shri Narendra Modi. Shri Pradhan said that it is a historic and cultural symbol of stability and peace in the UAE, The Ghaf tree at the Consulate will also stand as an evergreen testament of India-UAE friendship.

The visit reaffirmed the enduring friendship between India and the UAE, rooted in mutual respect, shared aspirations, and a vision to empower future generations through education. Shri Pradhan expressed gratitude to all stakeholders and looked forward to continued collaboration in shaping a dynamic and inclusive educational ecosystem between India and the UAE.

A group of men watering a tree

Prime Video Hosts a Star-Studded Special Screening of Tamannaah Bhatia and Diana Penty Starrer Do You Wanna Partner


Ahead of its launch, Prime Video hosted an exclusive screening of the quirky, new-age comedy-drama Do You Wanna Partner in Mumbai. Reflecting the show’s fun spirit, the evening celebrated friendship, ambition, and the fearless hustle of chasing dreams. Celebrity friends and industry guests turned up in support of this vibrant tale, which follows two best friends—Shikha and Anahita—as they set out to brew their destiny with style, tenacity, and a whole lot of jugaad.


The special premiere was attended by the show’s lead cast—Tamannaah Bhatia, Diana Penty,Nakuul Mehta, Shweta Tiwari, Neeraj Kabi and  Sufi Motiwala—along with directors Collin D’Cunha and Archit Kumar, adding the glamour to the exciting evening. Several industry stalwarts, friends and families graced the premiere, including  Kabir Khan, Farah Khan, Vihan Samant, Sandeepa Dhar, Aparshakti Khurana, Pragya Kapoor,  Varun Sood, Drashti Dhami, Vidya Malvade, and Harman Singha, showering love for the series.


Do You Wanna Partner is a quirky, new-age comedy-drama that follows two spirited best friends—Shikha and Anahita (played by Tamannaah Bhatia and Diana Penty)—on an audacious mission to launch their own alcohol start-up. Set against the vibrant chaos of urban life, the series captures the duo’s journey to carve a niche in the male-dominated world of craft beer. As they defy norms, bend rules, navigate eccentric encounters, and ‘brew their destiny with style, tenacity, and a whole lot of jugaad, Do You Wanna Partner serves up a sharp yet heartwarming portrait of female ambition and agency. With its offbeat yet heartwarming storytelling, the series captures the highs, lows, and beautiful mess of building something from scratch.


Produced under the banner of Dharmatic Entertainment, with  Karan Johar, Adar Poonawalla, and Apoorva Mehta as producers, and Somen Mishra and Archit Kumar as executive producers. Directed by Archit Kumar and Collin D’Cunha, written by Nandini Gupta, Aarsh Vora and Mithun Gangopadhyay, and created by Mithun Gangopadhyay and Nishant Nayak. Do You Wanna Partner will premiere exclusively on Prime Video in India and across 240 countries and territories worldwide on September 12

Wednesday, September 10, 2025

Aamir, achhi kahani bahot mushkil se milti hai,” Actor Remembers His Parents’ Timeless Advice on Lagaan – Reveals on Komal Nahta’s Podcast: The Producer Series

On Komal Nahta’s Game Changers Podcast-  The Producer Series, Aamir Khan opened up about a deeply personal moment from the making of Lagaan, a film that would go on to define his legacy.


During one of the early narrations of the film, Aamir invited his parents to listen to Ashutosh Gowariker’s pitch, “First time Lagaan ki 3rd ya 4th narration maine unko bola ke hum chah rhe hai ki ek kahani hai, hum confuse hai aap bhi suniye.” Aamir recalls.  “Narration chal rha tha, mein unke chehre dekh rha tha aur mein dekh rha tha ke kaisa unke chehre pe pura film chal rhi hai. Film ka narration khatam hua toh, I asked Reena first, how do you like it, she said I really liked the story, ammi abba jaan ko maine pucha... they said bahot acchi kahani hai Aamir tumko karni chahiye.” 


“I said abba jaan lekin yeh bahot zyada alag toh nhi hai matlab, aise toh nhi hai ki you know, it's an expensive film. Ekdum zyada offbeat toh nhi hai matlab mein kuch galat toh nhi kar rha hoon?” 


What followed was a piece of wisdom that stayed with Aamir forever.


His father replied, Aamir, achhi kahani bahot mushkil se milti hai, ek dafa achhi kahani mil jaaye na, socho mat!


That moment became a turning point for Aamir. It reminded him that in the noise of commerce, trends, and uncertainty, it is the story that matters most. Lagaan went on to become a landmark film, even earning an Oscar nomination — a testament to what happens when intuition meets courage.


With Game Changers: The Producer Series, Komal Nahta is redefining the landscape of Indian cinema conversations. Tune in to the YouTube channel for Game Changers Producer' Series!

Euro Pratik Sales Limited’ Initial Public Offering to open on Tuesday, September 16, 2025, price band set at ₹235/- to ₹247/- per Equity Share


Mumbai, September 10, 2025: Euro Pratik Sales Limited has fixed the price band of ₹235 /- to ₹247/- per Equity Share of face value ₹1/- each for its initial public offering. 

The Initial Public Offering (“IPO” or “Offer”) of the Company will open on Tuesday, September 16, 2025, for subscription and close on Thursday, September 18, 2025. Investors can bid for a minimum of 60 Equity Shares and in multiples of 60 Equity Shares thereafter.

The IPO is entirely an offer for sale of up to ₹ 451.32 crore by Promoter and Promoter Group Selling Shareholders. It includes a reservation for eligible employees applying in the employee reservation portion.


Euro Pratik Sales Limited was incorporated on January 19, 2010, Mumbai headquartered company operates on an asset-light business model, with a strong focus on product design and development. As at March 31, 2025, with a portfolio of over 3,000 designs spanning over 30 product varieties (Source: Technopak Report) and 113 catalogues (involving a combination of products and designs) launched in last four years, Euro Pratik functions as a fast-fashion brand within the industry. The company’s products are distributed through a well-established and extensive network across 116 cities in India, as at March 31, 2025.


To aid its marketing efforts, it has partnered with renowned celebrities Hrithik Roshan and Kareena Kapoor Khan as brand ambassadors for its “Euro Pratik” and “Gloirio” brands, respectively. 


According to the Technopak Report, the Company provides durable and eco-friendly alternatives to traditional wall decor like wallpaper products and premium wall paints. As at March 31, 2025, its distribution network spans 116 cities in India, with 180 distributors operating across 25 states and five union territories in India, according to the Technopak Report.


Euro Pratik Sales Limited revenue from operations increased by 28.20% to ₹ 284.23 crore for Fiscal 2025 from ₹ 221.70 crore for Fiscal 2024. Profit after tax increased by 21.51% to ₹ 76.44 crore for Fiscal 2025 from ₹ 62.91 crore for Fiscal 2024. 


The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not less than 15% and 35% of the net offer is assigned to non-institutional and retail individual bidders respectively.


Axis Capital Limited, and DAM Capital Advisors Limited are the book-running lead managers and MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) is the registrar of the Offer

Monday, September 8, 2025

A Refreshing New Brew: Coolberg Brings ‘Jugaaro’ to Life in Collaboration with Prime Video’s ‘Do You Wanna Partner’


8th September 2025: Prime Video and Coolberg today announced their first-of-its-kind collaboration for Amazon’s upcoming Original series, Do You Wanna Partner, a quirky and vibrant story about two best friends who come together to begin their entrepreneurial journey by launching a beer start-up. Ahead of the series launch, Prime Video and Coolberg are bringing the series’ signature concoction to life with the refreshing Coolberg Jugaaro Lemon-Ginger non-alcoholic malt beverage. In a remarkable parallel, Coolberg – India’s No.1 non-alcoholic beer brand - is led by three ambitious women, Salloni Ghodawat, CEO, Yashika Keswani, Co-Founder, and Ritika Agrawal, Brand Lead.



This landmark integration between the digital streaming and F&B industries redefines how brands connect with new-age audiences. With India housing over 116 million Gen Z consumers (Mintel Report), the rise of mindful drinking is shaping beverage trends, and Coolberg is at the forefront of this cultural shift.


The story of Coolberg, the flagship brand of Ghodawat Consumer Limited (GCL), is deeply tied to the vision of crafting a premium, alcohol-free alternative for Indian consumers. Today, under the leadership of Salloni Ghodawat, CEO of GCL, Coolberg – along with To Be Honest (100% real fruits and vegetables snack brand), another youth-focused startup acquired by GCL – is resonating strongly with Gen Z and millennials. Together, these brands are rewriting the FMCG playbook with inclusivity, innovation, and bold choices.



The collaboration with Prime Video bridges on-screen storytelling with an off-screen innovation. Just like the series’ protagonists who fight against the odds, Coolberg’s leadership team – including Salloni Ghodawat, Yashika Keswani, and Ritika Agrawal – embodies the same spirit of challenging conventions and building iconic lifestyle brands.

Speaking on the collaboration, Salloni Ghodawat, CEO, Ghodawat Consumer Limited (GCL), stated, “At Ghodawat Consumer Limited, we believe great brands are built on stories of resilience and inclusivity. Coolberg’s journey, much like the series Do You Wanna Partner, is about women breaking barriers and shaping new possibilities in the industry. With Coolberg Jugaaro, we want to offer not just a refreshing product but also a reminder that the future of FMCG belongs to diverse voices and fearless ideas.”



The limited-edition Coolberg Jugaaro Lemon Ginger will be available across 3500+ GT stores, 50 MT outlets (including Nature’s Basket, Walmart, STAR Localmart, and 7- Eleven), 800+ HoReCa destinations (Absolute BBQ, BBQ Nation, Wow Momo), and leading quick commerce platforms such as Blinkit, Zepto, and Swiggy.



Set against the vibrant chaos of urban life, the series captures the duo’s journey to carve a niche in the male-dominated world of craft beer. As they defy norms, bend rules, navigate eccentric encounters, and brew their destiny with style, tenacity, and a whole lot of jugaad, Do You Wanna Partner serves up a sharp yet heartwarming portrait of female ambition and agency. With its offbeat yet heartwarming storytelling, the series captures the highs, lows, and beautiful mess of building something from scratch.



Produced under the banner of Dharmatic Entertainment, the fun and light-hearted series is produced by Karan Johar, Adar Poonawalla and Apoorva Mehta, executive produced by Somen Mishra and Archit Kumar,and directed by Collin D’Cunha and Kumar. Do You Wanna Partner is written by Nandini Gupta, Aarsh Vora and Mithun Gangopadhyay, and created by Gangopadhyay and Nishant Nayak. Starring Tamannaah Bhatia and Diana Penty in lead roles, alongside Jaaved Jaafery, Nakuul Mehta, Shweta Tiwari, Neeraj Kabi, Sufi Motiwala, and Rannvijay Singha

With the series premiering on 12th September on Prime Video, audiences can now join the celebration by tasting Coolberg Jugaaro in real life – a cultural moment that celebrates mindful drinking, creative storytelling, and women reshaping industries with resilience and innovation.

Watch the announcement video here


Coolberg website: https://coolberg.in/

About Ghodawat Consumer Limited (GCL):

Ghodawat Consumer Limited, the FMCG arm of Sanjay Ghodawat Group, has been a trailblazer in the consumer goods sector since 2003. The company operates under the umbrella brand 'Star’, offering a diverse range of products that include refined oils, atta (wheat flour), rice, beverages, and savoury snacks, all catering to various everyday consumer needs. Its portfolio also includes premium, value-added brands like TBH (100% real fruits and vegetable snacks brand) and Coolberg (India’s leading non-alcoholic beer brand). GCL’s offerings are available in more than 250,000 outlets across 120 cities and on all e-commerce and quick commerce platforms in India. The company also exports its products to over 17 countries across the globe.


Website-  https://ghodawatconsumer.com/


About Sanjay Ghodawat Group (SGG):

Sanjay Ghodawat Group (SGG) is a diversified conglomerate with operations spanning various high-value business verticals such as Aviation, Consumer Products, Education, Energy, Realty and Retail. Since its founding in 1993, SGG has witnessed impressive growth under the splendid stewardship of its Founder and Chairman, Mr. Sanjay Ghodawat. It has a strong base of millions of customers globally, with employee strength of over 11,000 and a student base of over 21,000. SGG is moving ahead with great vigour and bringing significant changes in people's lives with its wide range of high-quality products and services.


Website: https://www.ghodawat.com/

KidZania Partners with Meetakriti Art Studio to Launch Creative Pottery & Art Role-Plays for Kids

 


5th September, 2025, Mumbai: KidZania, the global leader in interactive edutainment, has announced the launch of an inspiring new role-plays in collaboration with Meetakriti Art Studio, founded by gold medalist sculptor Meeta Suraiya. The Meetakriti Pottery Studio at KidZania invites children to step into the shoes of a Potter or Artist, giving them a hands-on chance to shape clay, paint vibrant designs, and experience the joy of bringing imagination to life.

This creative role-play is not only about play—it introduces children to pottery and art as real career possibilities. From ceramics and product design to sculpture and art therapy, this activity inspires kids to see how creativity can move beyond a hobby and grow into a fulfilling profession. By learning the patience, discipline, and focus needed to work with clay, children also discover values and skills that stay with them for life.

During the interactive sessions, young Potters will shape terracotta clay on an electric wheel, while budding Artists will paint and decorate their creations. A short introductory video will take kids through the journey of a potter and showcase how mindful, eco-friendly practices can positively impact the world around us.

Developmental Benefits of Experience:

Gross Motor Skills: Strengthening muscles and improving coordination through clay shaping.

Focus & Patience: Building concentration by working with intricate details.

Creative Career Pathways: Opening doors to careers in ceramics, sculpture, product design, and art therapy.

Confidence & Achievement: Boosting self-esteem with tangible creations to take home.

Speaking about the partnership, Tarandeep Singh Sekhon, Chief Business Officer, KidZania India, said: “At KidZania, we believe learning goes far beyond classrooms. Pottery and art offer children a powerful combination of creativity, skill-building, and mindfulness. Partnering with Meeta Suraiya and Meetakriti Art Studio enables us to provide kids with a joyful, immersive space where they can explore their talents and discover how passion can also lead to a profession. Within a few months, we will also set up another studio at KidZania Delhi NCR, taking this creative journey to even more children.”

Meeta Suraiya, Founder-Director of Meetakriti Art Studio, added: “Every child is unique, and creativity is a language through which they discover themselves. Pottery and art don’t just nurture self-expression—they also open real career opportunities in today’s world. Through this collaboration with KidZania, I want children to experience how shaping clay today can shape their future tomorrow.”

With more than 20 years of experience and over six lakh students inspired through pottery and art workshops across India and abroad, Meeta Suraiya brings her expertise and passion to KidZania’s city of role-play. Together, this partnership reinforces KidZania’s mission to empower children with real-world skills through fun, purposeful experiences—this time, with clay-covered hands, bright colours, and dreams molded into careers.

About KidZania:

KidZania is an interactive family entertainment and learning centre that empowers, inspires, and educates children through real-life role-playing activities. Built like a city—with roads, vehicles, buildings, its own economy, and currency—KidZania blends reality with entertainment to create a powerful developmental platform where kids explore careers, money management, and life skills.

Each of the 100+ role-plays—ranging from Pilot and Surgeon to Chef and Radio Jockey—is designed by educationalists and child experts to build essential skills and values. KidZania represents real-world industries like aviation, healthcare, media, retail, and public services, offering authentic experiences in a safe, engaging environment.

‘Purpose Partners’ (brands) enhance these experiences through immersive, branded role-plays, making KidZania a unique and sustainable engagement platform. Globally present in 27 cities across 21 countries, KidZania operates in India at Mumbai (since 2013) and Delhi NCR (since 2016).

Learn more at www.KidZania.in.

Mumbai-based Glass Wall Systems (India) files DRHP for IPO



Mumbai-based Glass Wall Systems (India) Ltd. has filed its Draft Red Herring Prospectus (DRHP) with capital markets regulator, Securities and Exchange Board of India (SEBI) for its Initial Public Offering (IPO).


The offer, with a face value of Rs 2, is a mix of fresh issue of shares up to Rs 60 crore and an offer-for-sale up to 40, 234, 552 shares by promoters – Jawahar Hariram Hemrajani, Eshan Jawahar Hemrajani, Amit Jawahar Hemrajani and Vinne Jawahar Hemrajani. Other investors selling shares are India Business Excellence Fund IIA and Vistra ITCL (India) Limited. 


The offer also includes a subscription reservation by eligible employees, and a discount is being offered to eligible employees bidding in the employee reservation portion.


The proceeds from its fresh issuance worth Rs 60 crore will be utilised for funding capital expenditure requirement for setting up of GPU Project as part of its planned backward integration at its Vile Bhagad, Maharashtra facility for Rs 50 crore and general corporate purposes.


The Offer is being made through the book-building process, wherein not more than 50% of the net offer is allocated to qualified institutional buyers, and not more than 15% and 35% of the net offer is assigned to non-institutional bidders and retail individual bidders respectively.


Glass Wall Systems (India) Ltd. is a premium façade solutions and fenestration provider in India, USA and Australia. The company is the second-largest provider of façade solutions in India in terms of revenue in Fiscal 2025 and Fiscal 2024. (Source: Ken Report).


The company is also India’s largest façade exporter in 2024 in terms of revenue. (Source: Ken Report). And with over two decades of experience in the façade solutions industry, the company has successfully completed over 150 projects, as of March 31, 2025.


The façade and fenestration sector serves as the critical interface between a building’s interior and its external environment, combining advanced materials, precision engineering and architectural design to deliver both form and function. (Source: Ken Report)


The company’s operations are categorized into three main verticals – 

Domestic Façade Solutions – The company primarily undertakes engineering, procurement, and construction (EPC) and manufacturing services for façade solutions to its clients 


International Façade Products Supply – The company is focused on providing design, engineering, fabrication and manufacturing and supply of sustainable façade products tailored to specific requirements of general contractors and façade contracting companies


Fenestration Solutions – The company specialises in premium fenestration solutions, including custom-designed luxury windows, doors, skylights, and partition systems, tailored to the luxury sector of the Indian real estate market


The company provides a diverse array of innovative and customized products, including façade and curtain wall systems, bolted façades, skylights, canopies, and space frames, louvers, rain screen cladding, diagrids, and aluminium doors and windows.


The company’s key clients include Bagmane, K Raheja and Prestige, and spans over seven years.  Notable domestic façade projects undertaken by the company in both commercial and residential sectors include The Capital, Kohinoor Square, Bagmane Rio and Lodha World One. 


Internationally, the company has undertaken projects such as Jackson Avenue measuring 16,707.76 square meters, 1400 South Wabash measuring 10,900.42 square meters, 2300 Market Place measuring 7,597.48 square meters, 3202 Cuthbert measuring 5,207.66 square meters, Spark GTIC measuring 14,640.12 square meters, and Harper Court measuring 12,491.97 square meters in USA in collaboration with our client, Reflection Window + Wall (RWW), and Project Dove in Australia measuring 2,237 square meters.


The company’s primary manufacturing facility is located at Vile Bhagad, Maharashtra on a land parcel admeasuring 101,299 square meters. It’s Vile Bhagad facility is spread across a developed area of 20,295 square meters and has an installed capacity of 140 panels per month, as of March 31, 2025, and it is currently in the process of expanding the facility over an additional area of 18,211 square meters. In addition to capacity expansion, the company is also pursuing backward integration through the establishment of in-house glass processing unit which includes a capital expenditure of ₹ 50 crore from the net proceeds of the IPO. 


The Vile Bhagad Facility, operates under ISO 9001:2015-certified quality management system and ISO 45001:2018- certified occupational health and safety management system, and is equipped with advanced computer numerical control (CNC) machinery, which automates precision cutting, drilling, milling and shaping of aluminium profiles and other materials required for façade systems, ensuring high quality, consistent output with minimal manual intervention. 


In addition, automated logistics systems enable efficient handling of heavy glass panels, supporting high standards of productivity, safety and manufacturing efficiency.


The company’s revenue from operations was Rs 244.7 crore during Fiscal 2025 from Rs 240.5 crore during Fiscal 2023. Its revenue from overseas operations was Rs 114.7 crore during Fiscal 2025 from Rs 15.6 crore during Fiscal 2023. The company’s net profit was Rs 43.8 crore during Fiscal 2025 from Rs 16.1 crore during Fiscal 2023.


As of August 31, 2025, the company’s domestic façade solutions order book amounted to ₹ 421.9 crore and an outstanding orders of ₹ 135.4 crore for supply of façade products internationally.  Also, its order book for fenestration business under Yes Systems amounted to ₹ 67.3 crore.


IIFL Capital and Motilal Investment Advisors are the book-running lead managers and MUFG Intime India Private Limited is the registrar of the offer. The equity shares are proposed to be listed on BSE and NSE.

Lok Adalat for Settlement of Fines

Western India Automobile Association (WIAA) having 4 wheeler & 2 Wheeler owners have requested the Traffic Police and the Transport Department to hold a LOK ADALAT in Mumbai giving advance Notice of at least 1 month to vehicle owners and the Association for holding a LOK ADALAT for settlement of the fines.

 

WIAA is willing to host the Lok Adalat and bring the grievances of vehicle owners who have been sometimes penalized for no fault of theirs, even a 1 minute parking, the constable clicks the photo and a heavy fine of Rs.1500/- is levied, it seems they have a target.

 

NITIN DOSSA

EXECUTIVE CHAIRMAN - WIAA



Sunday, September 7, 2025

KidZania Partners with Meetakriti Art Studio to Launch Creative Pottery & Art Role-Plays for Kids

 

5th September, 2025, Mumbai: KidZania, the global leader in interactive edutainment, has announced the launch of an inspiring new role-plays in collaboration with Meetakriti Art Studio, founded by gold medalist sculptor Meeta Suraiya. The Meetakriti Pottery Studio at KidZania invites children to step into the shoes of a Potter or Artist, giving them a hands-on chance to shape clay, paint vibrant designs, and experience the joy of bringing imagination to life.

This creative role-play is not only about play—it introduces children to pottery and art as real career possibilities. From ceramics and product design to sculpture and art therapy, this activity inspires kids to see how creativity can move beyond a hobby and grow into a fulfilling profession. By learning the patience, discipline, and focus needed to work with clay, children also discover values and skills that stay with them for life.

During the interactive sessions, young Potters will shape terracotta clay on an electric wheel, while budding Artists will paint and decorate their creations. A short introductory video will take kids through the journey of a potter and showcase how mindful, eco-friendly practices can positively impact the world around us.

Developmental Benefits of Experience:

Gross Motor Skills: Strengthening muscles and improving coordination through clay shaping.

Focus & Patience: Building concentration by working with intricate details.

Creative Career Pathways: Opening doors to careers in ceramics, sculpture, product design, and art therapy.

Confidence & Achievement: Boosting self-esteem with tangible creations to take home.

Speaking about the partnership, Tarandeep Singh Sekhon, Chief Business Officer, KidZania India, said: “At KidZania, we believe learning goes far beyond classrooms. Pottery and art offer children a powerful combination of creativity, skill-building, and mindfulness. Partnering with Meeta Suraiya and Meetakriti Art Studio enables us to provide kids with a joyful, immersive space where they can explore their talents and discover how passion can also lead to a profession. Within a few months, we will also set up another studio at KidZania Delhi NCR, taking this creative journey to even more children.”

Meeta Suraiya, Founder-Director of Meetakriti Art Studio, added: “Every child is unique, and creativity is a language through which they discover themselves. Pottery and art don’t just nurture self-expression—they also open real career opportunities in today’s world. Through this collaboration with KidZania, I want children to experience how shaping clay today can shape their future tomorrow.”

With more than 20 years of experience and over six lakh students inspired through pottery and art workshops across India and abroad, Meeta Suraiya brings her expertise and passion to KidZania’s city of role-play. Together, this partnership reinforces KidZania’s mission to empower children with real-world skills through fun, purposeful experiences—this time, with clay-covered hands, bright colours, and dreams molded into careers.

About KidZania:

KidZania is an interactive family entertainment and learning centre that empowers, inspires, and educates children through real-life role-playing activities. Built like a city—with roads, vehicles, buildings, its own economy, and currency—KidZania blends reality with entertainment to create a powerful developmental platform where kids explore careers, money management, and life skills.

Each of the 100+ role-plays—ranging from Pilot and Surgeon to Chef and Radio Jockey—is designed by educationalists and child experts to build essential skills and values. KidZania represents real-world industries like aviation, healthcare, media, retail, and public services, offering authentic experiences in a safe, engaging environment.

‘Purpose Partners’ (brands) enhance these experiences through immersive, branded role-plays, making KidZania a unique and sustainable engagement platform. Globally present in 27 cities across 21 countries, KidZania operates in India at Mumbai (since 2013) and Delhi NCR (since 2016).

Learn more at www.KidZania.in.

Friday, September 5, 2025

Anil Kapoor was not very keen to do Bewafa and Judaai. I had to convince him to do Judaai,” Reveals Boney Kaporor on Komal Nahta’s Game Changers Producer Series Podcast


The Producers' series of Game Changers Podcast, hosted by film critic Komal Nahta, promises an exciting line-up with some of the biggest producers of the industry sharing candid insights. In the first episode, veteran producer Boney Kapoor shed light on what it’s like having a family full of actors and whether it gives him an advantage over other producers.


When asked by Nahta if having so many stars in his family gives him an edge, Kapoor was quick to dismiss the notion. He explained, “I don’t think so because stars in my house are also very keen to do films which appeals to them and of course I have few scripts ready, but I don’t want to start all of them together. Also, my kids who will work with me should be satisfied and not do films just because it’s their dad’s film.”


Kapoor further shared an interesting anecdote about his brother, actor Anil Kapoor, highlighting how even close family members prioritize their choice of roles over family ties. “For example, Anil Kapoor was not very keen to do Bewafa and Judaai. I had to convince him to do Judaai,” he revealed.


Known for backing successful projects like Mr. India, No Entry, and Wanted, Boney Kapoor has often collaborated with family members, but his philosophy remains clear: films should be driven by content and personal conviction, not just relationships.


With Game Changers' producer series, Komal Nahta is redefining the landscape of Indian cinema conversations. Tune in to the YouTube channel for Game Changers' producer series!

Bank of India Partners with Cashinvoice to boost Supply Chain Finance

 

Mumbai, 05.09.2025: In a significant step towards strengthening financing opportunities for businesses across India, Bank of India (BOI), having more than 5300 branches across the country, has entered into a strategic partnership with M/s Indinvoice Tech Solutions Pvt. Ltd. (Cashinvoice) under its Supply Chain Finance (SCF) offering. This collaboration is aimed at enhancing accessibility to structured financing solutions for corporates, dealers, and suppliers, thereby fostering efficiency and growth in the supply chain ecosystem.

Speaking on the occasion, Mr. Vinayak Shukla, General Manager - MSME, Bank of India, said:

“Through this partnership with Cashinvoice, we aim to leverage their digital expertise and market insights to offer seamless financing solutions to corporates and their supply chain partners. This collaboration underscores our commitment to innovation and customer-centricity in the MSME and corporate financing space.”

Commenting on the partnership, Mr. Arun Poojari, MD & CEO, M/s Indinvoice Tech Solutions Pvt. Ltd., said:

“We are excited to collaborate with Bank of India under the Supply Chain Finance framework. Our technology-driven sourcing and credit facilitation capabilities are uniquely positioned to complement BOI’s financial strength and wide outreach. Together, we aim to deliver faster, more efficient, and scalable financing solutions to corporates, dealers, and vendors, thereby bridging the working capital gap across industries.”

The strategic synergy of BOI’s financial expertise with Cashinvoice’s digital innovation, the partnership is set to unlock new growth avenues and contribute to the resilience of India’s commercial and industrial ecosystem.


Thursday, September 4, 2025

अथर्व युनिव्हर्सिटीचा भविष्यात जगात आधुनिक शिक्षण मिळणारी संस्था असा नावलौकिक होईल कुलपती सुनील राणे


 शिक्षक दिना निमित्त अथर्व युनिव्हर्सिटी मुंबईतर्फे १०० आदर्श शिक्षकांचा सन्मान

मुंबई-अथर्व युनिव्हर्सिटी मुंबई व अथर्व फाउंडेशनच्या संयुक्त विद्यमाने आज दुपारी मालाड (पश्चिम) येथील

अथर्व युनिव्हर्सिटी, मुंबईच्या सभागृहात शिक्षक दिनाचे औचित्य  साधत मुंबई,नवी मुंबई,मीरा भाईदर क्षेत्रातील १०० शिक्षकांना त्यांच्या नाविन्यपूर्ण कार्यासाठी, समर्पणासाठी आणि विद्यार्थ्यांच्या जीवनावर कायमस्वरूपी प्रभाव पाडण्यासाठी आदर्श शिक्षक पुरस्काराने सन्मानित केले गेले.


हा कार्यक्रम अथर्व युनिव्हर्सिटी मुंबईचे संस्थापक आणि पाहिले कुलपती सुनील राणे यांच्या दूरदर्शी नेतृत्वाखाली मुंबईतील १०० कर्तृत्ववान शिक्षकांना प्रोत्साहन देण्यासाठी आयोजित केला होता.यावेळी  चारकोपचे स्थानिक आमदार योगेश सागर,कुलपती सुनील राणे,अथर्व फाउंडेशनच्या उपाध्यक्ष वर्षा राणे,कर्नल सुधीर राजे ,उद्योजक अशोक धामाणकर,भाजपा मुंबई शिक्षक आघाडीचे अध्यक्ष राजू बंडगर,डॉ.प्रवीण नेभाडे आदी मान्यवर मंचकावर उपस्थित होते.


यावेळी अथर्व युनिव्हर्सिटी,मुंबईचे कुलपती

सुनील राणे म्हणाले की,जागतिक पातळीवर स्पर्धा करणारा विद्यार्थी अथर्व कॉलेज मधून निर्माण होण्यासाठी आधुनिकतेची कास धरत येथे आधुनिक शिक्षण विद्यार्थ्यांना दिले जाते. अमेझॉन कंपनींने मुंबईतून निवडलेला ६५ लाख वार्षिक पॅकेजचा एकमेव विद्यार्थी अथर्व कॉलेजचा होता.तसेच

अथर्वच्या ग्राउंड स्टेशनच्या नाविन्यपूर्ण विद्यार्थ्यांच्या पथकाने अथर्व कॉलेज ऑफ इंजिनिअरिंगमध्ये आयआयटी मुंबईच्या प्रथम उपग्रहासाठी एक कार्यात्मक रिसीव्हिंग ग्राउंड स्टेशन स्थापित करण्यात एक महत्त्वाचा टप्पा गाठला आहे. अथर्व ग्राउंड स्टेशन हे प्रथमने पाठवलेला डेटा प्राप्त करणाऱ्या आणि त्यावर प्रक्रिया करणाऱ्या रिसीव्हिंग स्टेशनपैकी एक असल्याची माहिती त्यांनी दिली.


 आमचे कॉलेज, ज्यामध्ये प्राध्यापक आणि विद्यार्थ्यांसाठी ३१ परवानाधारक हॅम ऑपरेटर आहेत, हे मुंबई विद्यापीठाच्या अंतर्गत एचएफ हॅम कम्युनिकेशन सेटअप स्थापन करणारी पहिली संस्था आहे असे त्यांनी अभिमानाने सांगितले.या सेटअपमुळे आम्हाला हॅम बँडवर मुक्तपणे संवाद साधता येतो, जे नवोन्मेष, तांत्रिक उत्कृष्टता आणि प्रत्यक्ष शिक्षणाप्रती आमची वचनबद्धता दर्शवते अशी माहिती सुनील राणे यांनी दिली.


भविष्यात जगात आधुनिक शिक्षण मिळणारी संस्था असा आमच्या संस्थेचा नावलौकिक होईल.देशातील विद्यार्थ्यांसह,अमेरिका आणि इतर परदेशातील विद्यार्थी येथे प्रवेश घेतील असा विश्वास त्यांनी व्यक्त केला.


यावेळी आमदार योगेश सागर म्हणाले की,आपला देश जगात महाशक्तीकडे वाटचाल करत असतांना त्यांना घडवण्याचे आणि त्यांच्या स्वप्नांची पूर्तता करण्याचे काम शिक्षक करतात.शिक्षक निवृत्त झाला तरी,तो सतत कार्यरत असतो,विद्यार्थ्यांना प्रेरणा देण्याचे काम शिक्षक करतात. मुंबईतील १०० कर्तुत्वान शिक्षकांचा सत्कार करण्याची संकल्पना राबवणारे सुनील राणे हे अथर्व युनिव्हर्सिटी,मुंबईचे पाहिले कुलपती आहे ही अभिमानाची बाब आहे.येत्या चार पाच वर्षांत कुलपती सुनील राणे यांच्या अथर्व युनिव्हर्सिटीत  आधुनिक आणि दर्जेदार शिक्षण मिळतं असल्याने परदेशातील विद्यार्थी या शिक्षण संस्थेत प्रवेश घेतील असा ठाम विश्वास त्यांनी व्यक्त केला.

कार्यक्रमाचे सूत्रसंचालन निवेदिका भार्गवी चिरमुले यांनी केले.

Ministry of Coal hosts Star Rating Award Ceremony in Mumbai, honours outstanding Coal and Lignite Mines

 

Union Minister for Coal and Mines urges the stakeholders in coal sector to continuously strive for excellence and actively contribute towards Prime Minister’s vision of Aatmanirbhar and Viksit Bharat

Mining should act as a catalyst for socio-economic development, creating employment opportunities and improving the quality of life in coal-bearing regions: Union Minister G. Kishan Reddy

Responsible mining must give equal priority to environmental protection, scientific mine closure, and community welfare along with production efficiency: MoS (Coal and Mines) Satish Chandra Dubey

Newly designed CCO Website, along with an Interactive Dashboard, inaugurated to enhance transparency, efficiency, and accessibility of information for stakeholders in Coal sector

Mumbai, 4 September 2025

The Ministry of Coal today hosted the Star Rating Award Ceremony in Mumbai to honour outstanding coal and lignite mines for their exemplary achievements in safety, environmental sustainability, and operational excellence. The Chief Guest Union Minister of Coal and Mines Shri G. Kishan Reddy, in the presence of Minister of State for Coal and Mines Shri Satish Chandra Dubey and Secretary, Ministry of Coal, Shri Vikram Dev Dutt, presented the awards that recognize mines that excelled in key parameters such as safety, environmental management, scientific mining, productivity and community welfare.  On this occasion, the newly designed CCO Website, along with an Interactive Dashboard, was inaugurated to enhance transparency, efficiency, and accessibility of information for stakeholders.

The Star Rating Award Ceremony recognized mines that have demonstrated exceptional performance in safety, environmental stewardship, and productivity. Certificates and awards were also distributed to other high-performing mines, reinforcing the Ministry’s commitment to promoting best practices in the sector. Union Minister of Coal & Mines, G. Kishan Reddy, presented the Five-Star Awards to the top-performing mines and commended their role in ensuring the Nation’s energy security while upholding global standards of safety and sustainability. He emphasized that the Star Rating initiative is not merely an award but a benchmark for responsible mining, urging all mines to strive for Five-Star status.

The event also featured award presentation to the winners of the Hackathon on Carbon Capture, Utilisation and Storage (CCUS), and R & D, underscoring Coal Ministry’s commitment to fostering innovation in sustainable technologies. Adding to these milestones, two important frameworks were unveiled - L.I.V.E.S, which is a comprehensive practitioner’s guide formulated to serve as a benchmark for responsible and sustainable mine closures in alignment with global best practices, and ARTHA, which is a Green Financing Framework aimed at channeling investments towards transforming reclaimed mines into productive and environmentally friendly assets.

In his keynote address, Union Minister of Coal and Mines G. Kishan Reddy congratulated all award recipients for their exceptional performance in ensuring operational excellence while adhering to the highest safety and environmental standards. He emphasized on accelerating coal gasification and the adoption of clean-coal technologies to add value, reduce emissions and open new industrial avenues. The Union Minister said that the time has come to move from dependence on imports towards building capacities for coal exports, while simultaneously improving coal quality through greater use of washeries.

Shri G. Kishan Reddy also highlighted the importance of community-centric and progressive mine closure activities, large-scale afforestation, worker safety and welfare, and embedding innovation, environmental responsibility, sustainability and competitiveness at the heart of mining operations. By embracing innovation, he said, India’s coal sector can match global benchmarks while optimizing resource utilization. Calling “Reform, Perform, Transform” not merely a slogan but a duty, he urged all stakeholders to continuously strive for excellence and actively contribute towards Prime Minister’s vision of Aatmanirbhar and Viksit Bharat.

MoS for Coal and Mines Shri Satish Chandra Dubey, while addressing the Star Rating Award Ceremony for coal and lignite mines for the performance year 2023-24, emphasized that responsible mining must give equal priority to environmental protection, scientific mine closure, and community welfare along with production efficiency. He underlined that the Star Rating Policy serves as a benchmark not only for efficiency but also for ensuring land restoration, biodiversity conservation, safety of workers, and the welfare of project-affected families. He reiterated the importance of replicating best practices across all mines so that the benefits of efficiency, safety, and environmental care can be realized nationwide. Congratulating the award-winning companies, the Minister stated that mining should act as a catalyst for socio-economic development, creating employment opportunities and improving the quality of life in coal-bearing regions.

The Secretary, Ministry of Coal, Shri Vikram Dev Dutt, commended the award-winning mines for setting new benchmarks of performance, transparency and aligning with global best practices. He highlighted that the Star Rating framework acts as a catalyst for continuous improvement, motivating every mine to go beyond compliance and embed excellence across all operations. He noted that India has achieved a historic milestone of over one billion tonnes of coal production and supply in the last year, reflecting the sector’s steady growth and resilience. He underlined that mining today must be responsible, sustainable and competitive, balancing energy security with environmental stewardship and urged every mine to strive for even higher benchmarks in responsible mining to help build a self-reliant and Viksit Bharat.

Additional Secretary Smt. Rupinder Brar, senior officials of the Coal Ministry and representatives from coal PSUs as well as private sector mining companies were present amongst the dignitaries.

The ceremony witnessed a heartwarming cultural performance by specially-abled children, who showcased their talent, creativity, and determination. Their inspiring presentation added special touch to the occasion, emphasizing the importance of inclusivity and celebrating the abilities and achievements of all members of society.

 

Wednesday, September 3, 2025

Picture Postcards with Special Cancellation on the theme "Ganeshotsav 2025: Cultural Heritage of Maharashtra" @ Mumbai cha Raja at “Lalbaug Sarvajanik Ganeshotsav Mandal, Ganesh Galli, Lalbaug, Mumbai

 


Ganesh Festival is being celebrated with great enthusiasm in Maharashtra. In this connection Shri. Amitabh Singh, Chief Postmaster General, Maharashtra Circle released 4 Picture Postcards with Special Cancellation on the theme "Ganeshotsav 2025: Cultural Heritage of Maharashtra" on today dated 03.09.2025 at 4.00 PM @ Mumbai cha Raja at “Lalbaug Sarvajanik Ganeshotsav Mandal, Ganesh Galli, Lalbaug, Mumbai – 400012.”

These Picture Postcards are specially designed for the event by Padma Shri awardee Shri Achyut Palav ji.

On this auspicious occasion Dr. Sudhir Jakhere – Assistant Postmaster General (BD), Shri Yadagiri Nyalapelli – Assistant Director (PSR), Shri Sanjay Lihe - Sr. Supdt of Post offices Mumbai East Division & Ms. Shyamala Srinivasan - Assistant Director (BMFU) were present in the release function.

Shri Kiran Tawade, Chairman, Shri. Swapnil Parab – Secretary & Shri Nikhil Nanache - Treasurer of Lalbaug Sarvajanik Ganeshotsav Mandal, Ganesh Galli were also present on the occasion.

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गणपती उत्सव हा महाराष्ट्राचा संस्कृतिक वारसा आहे. गणेशोत्सवाचे औचित्य साधून आज दिनांक 03.09.2025 रोजी महाराष्ट्र पोस्टल सर्कलचे मुख्य पोस्टमास्तर जनरल श्री. अमिताभ सिंह यांच्या हस्ते

एका विशेष कॅन्सलेशन  सह 4 पिक्चर पोस्टकार्डांचे अनावरण केले गेले. 

विशेष म्हणजे ही पिक्चर पोस्टकार्ड पद्मश्री पुरस्कार प्राप्त श्री अच्युत पालव यांनी आजच्या ह्या कार्यक्रमासाठी खास डिजाईन केलेली आहेत. 

आज या कार्यक्रमासाठी डॉ. सुधीर जाखेरे – सहाय्यक पोस्टमास्तर जनरल (व्यवसाय विकास) आणि श्री. यादगिरी न्यालपेल्लि, सहाय्यक निदेशक (पीएसआर), श्री संजय लिहे, वरिष्ठ अधिक्षक डाक घर मुंबई पूर्व विभाग, आणि श्रीमती श्यामला श्रीनिवासन  सहायक निदेशक (BMFU) हे उपस्थित होते.

लालबाग सार्वजनिक गणेशोत्सव मंडळ, गणेश गल्ली चे अध्यक्ष श्री. किरण तावडे, सचिव श्री. स्वप्नील परब आणि खजिनदार श्री. निखिल नानचे देखील या प्रसंगी उपस्थित होते.

 गणपति महोत्सव महाराष्ट्र की सांस्कृतिक विरासत है। गणेशोत्सव के अवसर पर आज, 03.09.2025 को, महाराष्ट्र पोस्टल सर्कल के मुख्य पोस्टमास्टर जनरल, श्री अमिताभ सिंह द्वारा इन पिक्चर पोस्टकार्ड और विशेष कैंसिलेशन का विमोचन किया गया । विशेष रूप से, इस चित्र पोस्टकार्ड पद्मश्री पुरस्कार प्राप्त श्री अच्युत पलव जी द्वारा डिज़ाइन किए गए हैं।

डॉ. सुधीर जाखेरे, सहायक पोस्टमास्टर जनरल (व्य. विकास) और श्री यादगिरी न्यालापेल्लि, सहायक निदेशक (पीएसआर) श्री संजय लिये, वरिष्ठ अधिक्षक डाक घर मुंबई पूर्व विभाग, आणि श्रीमती श्यामला श्रीनिवासन  सहायक निदेशक (BMFU)इस समारोह में उपस्थित ।

इस अवसर पर लालबाग सार्वजनिक गणेशोत्सव मंडल, गणेश गल्ली के अध्यक्ष श्री किरण तावड़े, सचिव श्री स्वप्निल परब और कोषाध्यक्ष श्री निखिल नानाचे भी उपस्थित रहेंगे।

Shringar House of Mangalsutra Limited’s Initial Public Offering to open on Wednesday, September 10, 2025, price band set at ₹155 /- to ₹ 165 /- per Equity Share


Price Band of ₹155/– ₹165/- per Equity Share bearing face value of ₹10/- each (“Equity Shares”)

Bid/Offer Opening Date – Wednesday, September 10, 2025 and Bid/Offer Closing Date – Friday, September 12, 2025.

Minimum Bid Lot is 90 Equity Shares and in multiples of 90 Equity Shares thereafter.


RISKS TO INVESTORS 


 

 



 

 


Mumbai, September 3, 2025: Shringar House of Mangalsutra Limited has fixed the price band of ₹155/- to ₹165/- 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 Wednesday, September 10, 2025, for subscription and close on Friday, September 12, 2025. Investors can bid for a minimum of 90 Equity Shares and in multiples of 90 Equity Shares thereafter.


The IPO is entirely a fresh issue of shares up to 2,43,00,000 equity shares with no offer for sale component.  


Incorporated in the year 2009, Shringar House of Mangalsutra is engaged in designing, manufacturing, and marketing a diverse range of Mangalsutras adorned with various stones such as American diamonds, cubic zirconia, pearls, mother of pearl, and semi-precious stones, crafted in 18k and 22k gold. The company primarily serves its business-to-business (B2B) clients and holds approximately 6% of the organized Mangalsutra market in India as of CY23, according to a CareEdge Report.

Shringar House of Mangalsutra caters to a wide array of clients, including Corporate Clients, wholesale jewellers, and retailers across 24 states and 4 union territories in India. Beyond its domestic market, the company has expanded its presence internationally, serving clients in the UK, New Zealand, the UAE, the USA, and the Republic of Fiji. Its marquee Corporate Clients include Malabar Gold Limited, Titan Company Limited, GRT Jewellers India Private Limited, Reliance Retail Limited, Novel Jewels Limited (Aditya Birla Group), Joyalukkas India Limited, and international names like Goldbox Enterprises Limited (UK), Sona Sansaar Limited (New Zealand), and Damas Jewellery LLC (UAE). As on March 31, 2025, the company served 34 corporate clients, 1089 wholesalers, and 81 retailers.

In addition to its core business, Shringar House of Mangalsutra also manufacture and supply Mangalsutras on a job-work basis to their Corporate Clients. For the Fiscals 2025, 2024, and 2023, The company processed a total of 1,320.72 kgs, 1,221.19 kgs and 870.26 kgs of bullion into Mangalsutras.

The company has an extensive portfolio of Mangalsutras, featuring over 15 collections and more than 10,000 active SKUs, offering designs for special occasions like weddings, festivals, and anniversaries, as well as everyday wear. Its collections include antique, bridal, traditional, contemporary, and Indo-western styles, catering to women of all ages with varying price points and weights.

As of June 30, 2025, Shringar House of Mangalsutra employed a dedicated in-house design team of 22 full-time employees focused on creating innovative designs that reflect the latest trends, customer preferences, and demographic needs. Additionally, the company works with 166 in-house Karigars (artisans) and collaborates with a network of third-party Karigars to meet the growing demand for its products.

The company’s registered office is located at Mumbai's Kalbadevi Road and manufacturing facility is located at Lower Parel (West), Mumbai.

Shringar House of Mangalsutra’s revenue from operations increased to ₹ 1,429.81 crore in Fiscal 2025 from ₹ 1,101.52 crore in Fiscal 2024. Profit after tax increased from ₹ 31.10 crore in Fiscal 2024 to ₹ 61.11 crore in Fiscal 2025.

Choice Capital Advisors Private Limited is the sole book-running lead manager, and MUFG Intime India Private Limited is the registrar of the issue.


The Issue is being made through the book-building process, wherein not more than 50% of the net issue shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the net issue shall be available for allocation to non-institutional bidders, and not less than 35% of the net issue shall be available for allocation to retail individual bidders.


DISCLAIMERS: SHRINGAR HOUSE OF MANGALSUTRA LIMITED is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed a red herring prospectus dated September 01, 2025 with the RoC. The RHP is made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM i.e., Choice Capital Advisors Private Limited at www.choiceindia.com/merchant-investment-banking, the website of the NSE at www.nseindia.com and the website of the BSE at www.bseindia.com and the website of the Company at www.shringar.ms. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section “Risk Factors” beginning on page 33 of the RHP. Potential investors should not rely on the DRHP for making any investment decision but should only rely on the information included in the RHP filed by the Company with the RoC. The Equity Shares offered in the Issue have not been, and will not be, registered under the U.S. Securities Act and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares offered in the issue are being offered and sold only outside the United States in “offshore transactions” as defined in and in reliance on Regulation S under the U.S. Securities Act (“Regulation S”).

DISCLAIMER CLAUSE OF SEBI: SEBI only gives its observations on the offer documents and this does not constitute approval of either the Issue or the specified securities stated in the Offer Documents. The investors are advised to refer to page 340 of the RHP for the full text of the disclaimer clause of SEBI.

DISCLAIMER CLAUSE OF BSE: It is to be distinctly understood that the permission given by BSE Limited should not in any way be deemed or construed that the RHP has been cleared or approved by BSE Limited nor does it certify the correctness or completeness of any of the contents of the RHP. The investors are advised to refer to the page 343 of the RHP for the full text of the disclaimer clause of BSE.

DISCLAIMER CLAUSE OF NSE (The Designated Stock Exchange): It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE nor does it certify the correctness or completeness of any of the contents of the Issue Document. The investors are advised to refer to page 343 of the RHP for the full text of the disclaimer clause of NSE.

Tuesday, September 2, 2025

Bank of Baroda launches “bob Digi Udyam” - a Cash Flow-Based Digital Financing Scheme for MSEs

Provides collateral-free loans from above Rs 10 lakh to Rs 50 lakh to both existing and new MSE customers to meet Working Capital requirements

 

Mumbai, 2nd September 2025: Bank of Baroda (Bank), one of India’s leading public sector banks, announced the launch of bob Digi Udyam – a digital, collateral-free lending platform offering Micro and Small Enterprises (MSEs) quick access to working capital loans above ₹10 lakh to ₹50 lakh. The initiative, aligned with the Union Budget 2024–25 announcement that public sector banks would develop in-house capabilities for MSME credit assessment, leverages the digital footprint of MSEs to enable faster credit assessment and reduce reliance on external assessment. This marks a major step in strengthening credit accessibility for India’s small businesses. The scheme is open to both existing and new customers of the Bank.

 

The bob Digi Udyam platform leverages a wide range of digital data points to comprehensively assess credit applications. It generates an automated, risk-based scorecard that enables seamless credit assessment, significantly reducing the turnaround time for loan processing. A provisional sanction is provided within minutes, after which the application is automatically routed to branches through TEJAS, the Bank’s Loan Origination & Processing System for the MSME segment, for final sanction and post-sanction formalities.

 

Eligible entities can apply for loans under bob Digi Udyam through both Do-it-Yourself (DIY) and Assisted mode at branches. The platform conducts digital eligibility checks, risk assessment, and credit limit calculations, ensuring a seamless and transparent lending process.

 

Speaking on the launch, Shri Lal Singh, Executive Director, Bank of Baroda, said, “MSEs are key drivers of India’s economy, yet timely credit remains a challenge. With bob Digi Udyam, we bring a digital, cash flow-based lending model that delivers quick, collateral-free working capital finance. bob Digi Udyam is a step towards making MSE credit truly accessible, with plans  to expand the offering to cover a wider range of credit needs and higher ticket sizes.”

 

bob Digi Udyam – At a Glance

  • Purpose: Digital, cash flow-based working capital finance for MSEs
  • Facilities: Cash Credit & Overdraft facilities
  • Loan Size: Above ₹10 lakh to ₹50 lakh
  • Tenure: 12 months
  • Collateral: Nil – covered under CGTMSE

 

bob Digi Udyam aligns with the Government of India and Reserve Bank of India’s vision for digital transformation in MSE lending, broadening access to bank credit and empowering India’s MSE businesses to grow sustainably. Bank of Baroda is aligned with the Government’s vision of Viksit Bharat@2047.

 

Applicants can apply for bob Digi Udyam, by clicking on https://mllps.bankofbaroda.co.in/BOBSTPCustomerPortal/

 

 

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About Bank of Baroda

Founded on 20th July, 1908 by Sir Maharaja Sayajirao Gaekwad III, Bank of Baroda is one of the leading commercial banks in India. At 63.97% stake, it is majorly owned by the Government of India. The Bank serves its global customer base of over ~180 million through around 65,000 touch points spread across 17 countries in five continents and through its various digital banking platforms, which provide all banking products and services in a seamless and hassle-free manner. The Bank’s vision matches the aspirations of its diverse clientele base and seeks to instil a sense of trust and security in all their dealings with the Bank.

·                     Visit us at www.bankofbaroda.in

·                     Facebook https://www.facebook.com/bankofbaroda/

·                     Twitter https://twitter.com/bankofbaroda

·                     Instagram https://www.instagram.com/officialbankofbaroda/

·                     YouTube https://www.youtube.com/channel/UCdf14FHPLt7omkE9CmyrVHA

·                     LinkedIn https://www.linkedin.com/company/bankofbaroda/

 

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