SPIRIT OF MUMBAI

Global Indian Entrepreneur Diipa Khosla made another stunning appearance at a recent event celebrating achievements in the realm of entrepreneurship. Listed in The GQ 35 Most Influential Young Indians 2024, Khosla exuded elegance and sophistication in a breathtaking golden Rimzim Dadu cocktail outfit. The attire, a masterpiece crafted with thousands of small metallic cords meticulously sewn together, showcased Khosla's impeccable taste and eye for detail. Complementing her ensemble were handcrafted jewels from Amama, adding a touch of glamour and luxury to her look. With her glowy bronze glam and loose flowy curls, Diipa Khosla evoked the image of a Greek goddess, radiating confidence and grace. However, her impact extends far beyond the realm of fashion. As a trailblazer in global entrepreneurship,  she has made significant strides, leaving an indelible mark on the industry. From her distinguished speaking engagements at Harvard to her successful business venture indē wild and her...

Women of my Billion tells the heart-wrenching and heart-warming story of the struggles, dreams, rights, and fight against all forms of violence that unite women in today's India, seen through the eyes of Srishti Bakshi as she journeys on foot from Kanyakumari to Kashmir   Produced by Priyanka Chopra Jonas under the banner of Purple Pebble Pictures and Apoorva Bakshi’s Awedacious Originals, the documentary has been directed by Ajitesh Sharma.             Women of my Billion is set to premiere on Prime Video in India and across 240 countries and territories worldwide on May 3, 2024    *Link* - https://twitter.com/PrimeVideoIN/status/1783383442287403121?t=NNTzXUR7zrrc61qZQC5XXg&s=19    *MUMBAI, India—April 24, 2024—* Prime Video, India’s most loved entertainment destination, today announced the premiere date of the upcoming documentary Women of My Billion (WOMB), a stark and touching chronicle of the fight against all forms of...

Bengaluru, 26 April 2024 • This acquisition of controlling interest of Arjas from an entity affiliated to ADV Partners marks SMIORE’s foray into manufacturing of special steels & value-added products • Arjas is a fully integrated special steel company and among the top 5 manufacturers of special steel products  • Arjas has been valued at an Enterprise Value of ₹ 3,000 Crore SMIORE has signed a Share Purchase Agreement (SPA) with an entity affiliated with ADV Partners, an Asia-focused private equity firm to acquire a controlling interest in Arjas. The transaction has been agreed at an Enterprise Value of ₹ 3,000 Crore and will be subject to customary regulatory approvals and closing conditions.  Through this transaction, ADV will fully divest its interest in Arjas marking another successful exit from its India portfolio.  This strategic business acquisition accelerates SMIORE’s forward integration plans into steel & value-add products, and unlocks potential f...

National, 25th April 2024: The Gem & Jewellery Export Promotion Council (GJEPC) is pleased to announce a significant milestone for the gem and jewellery industry in India. Following extensive efforts by the GJEPC in collaboration with the Ministry of Finance, the Authorized Economic Operator (AEO) status is now being extended to the gem and jewellery sector. The AEO programe was introduced as piolet project in 2011 vide Circular No. 37/2011 – Customs dated 23rd August. 2011.  The AEO program, a crucial part of the broader ease of doing business initiative, has been instrumental in simplifying export operations across various sectors, resulting in significant time and cost savings for exporters. Despite the benefits it offers, the gem & jewellery sector was initially denied participation in the AEO program. However, through proactive engagement with relevant Ministries, the GJEPC successfully advocated for the inclusion of the gem and jewellery industry in the AEO program. C...

The Initial Public Offering of JNK India Limited was subscribed 28.07 times on the final day of bidding. The issue received bids of 31,10,55,408 shares against the offered 1,10,83,278 equity shares, at a price band of ₹395-415, according to the data available on the stock exchanges.  Qualified Institutional Buyer Portion was subscribed 75.72 times, Non-Institutional Investors Portion was subscribed 23.19 times, whereas Retail Portion was subscribed 4.01 times.  IIFL Securities Limited and ICICI Securities Limited are the book-running lead managers and Link Intime India Private Limited is the registrar of the issue.  Company Information JNK India Limited is in the business of manufacturing process-fired heaters, reformers, and cracking furnaces (together, the “Heating Equipment”) that are required in process industries such as oil and gas refineries, petrochemicals, and fertilizer industries. The Company has capabilities in thermal designing, engineering, manufacturing, su...

• SACE’S FIRST JPY-DENOMINATED LOAN TRANSACTION IN INDIA • SACE’s FIRST GREEN LOAN TRANSACTION IN INDIA • PARTICIPATION FROM BANKS ACROSS ASIA, AMERICA AND EUROPE Gurugram, 25 April 2024 – In a significant step towards sustainable development in India, REC Limited, a leader in the Indian power sector, has successfully availed a SACE-Covered Green Loan for JPY 60.536 Billion to finance Eligible Green Projects in India. This strategic investment reinforces REC’s commitment to foster sustainable growth, in alignment with the Company’s Green Finance Framework.    The green facility benefits from an 80% guarantee by Italian Export Credit Agency, SACE (Italy) under their innovative Push Strategy programme. It is a breakthrough and first of its kind successful collaboration between an Indian government entity and SACE. This facility sets a benchmark in the Indian public sector landscape for similar green financing transactions, highlighting a growing commitment to sustainable f...

Gurugram/Jammu, 24 April 2024: REC Limited, a Maharatna CPSE under Ministry of Power and a leading NBFC, has signed an agreement with Chenab Valley Power Project Private Limited (CVPPPL) for financial assistance of ₹1869.265 Crore as Term Loan.  The loan will be utilized for Development, Construction and Operation of Greenfield Kiru Hydro Electric Project (4 x156 MW) on River Chenab located in Kishtwar District of Jammu & Kashmir.  The Agreement was signed in the presence of Shri Ramesh Mukhiya, Managing Director; Shri Vasant Hurmade, General Manager (C&P); Shri Sanjay Kumar Gupta, General Manager (Finance) from CVPPPL and Shri Pramod Kumar Soni, Dy. General Manager; Shri Rishabh Jain, Dy. General Manager from REC Limited, among other key officials from both organizations. Kiru Hydro Electric Project (624 MW), a run-of-river scheme is proposed on river Chenab in district Kishtwar of Union Territory of J&K and is about 42 kms from Kishtwar. The Project envisages con...