Dailynews

by Shrutee K Company’s healthy capitalisation level, pan-India presence, and access to a diversified funding mix at lower funding costs are the key rating drivers Pune and Mumbai, India, December 28, 2023:  We are delighted to announce that Grihum Housing Finance Limited (formerly Poonawalla Housing Finance Ltd), has garnered notable ratings from CRISIL, India’s largest rating agency. Grihum’s short-term debt instruments have been rated ‘CRISIL A1+’, while its long-term debt instruments received a ‘CRISIL AA-/Stable’. Grihum’s robust capitalisation level, fund-raising ability, pan-India presence with 195 branches across 19 states, access to a diversified funding mix at lower funding costs and stable leadership team were some of the key reasons for its solid rating.  It also factored in the expectation of support to Grihum, from TPG, a global private equity firm, both on an ongoing basis and in the event of exigency. After the acquisition, TPG has committed Rs 1000 crore of fresh capita

by Shrutee K  New Delhi, 28 December 2023:   As Uber completes ten years of operations in India, the company released a special commemorative 'My Stamp' issued by the Department of Post to celebrate the important milestone in its journey. Starting its India voyage by offering sedan and SUV rides, Uber has come a long way introducing new mobility options including two wheelers, three wheelers and even buses as various multimodal means within the Uber app. The commemorative stamp launch with India Post to mark ten years of Uber in India highlights the achievements in transforming urban mobility, expanding economic opportunities, and shaping the growth story of India over the last decade.  Spanning 125+ Indian cities with cars, autos, bikes as well as buses – Uber has focused on developing solutions to address the country’s evolving mobility needs. 10 years and over 300 crore trips later, Uber has become #IndiaKiRide - connecting people and becoming India’s preferred mobility app

by Shrutee K   National, 28th December 2023 — Emami Group , one of the leading diversified business conglomerates in India, proudly marks its 50th anniversary , commemorating five decades of delivering happiness to the nation . The celebration reflects the remarkable journey of Emami from a humble beginning of a personal care product manufacturing company in the by-lanes of Kolkata to a Rs 30,000 cr business conglomerate employing around 25,000 people across the world, embodying the spirit of Indian entrepreneurship. The Emami Group was founded in the mid-70s in Kolkata, West Bengal by two childhood friends Mr. R S Agarwal and Mr. R S Goenka , who embarked on a courageous entrepreneurial journey that marked the inception of Emami.   With a 50-year history in background, Emami has grown to be a trusted brand in India.   Its journey is marked by significant milestones and achievements, reflecting qualities like Courage, Tenacity, Spirit of Togetherness, Trust, and Care. Emami, known

by Shrutee K Bengaluru, December 29, 2023:  Provident Housing Limited, a wholly owned subsidiary of Puravankara Limited focused on mid-segment housing, has announced a unique scheme to assist serving and retired armed forces personnel in owning a home. The developer will offer a special discount of 2 per cent for eligible armed forces personnel across projects. As of last count, India has around 1.4 million serving personnel and around 2.6 million veterans. This scheme aims to help them own a home in a Provident community. A special commitment by Provident Housing to this effect was handed over to Major General Ravi Murugan, AVSM, General Officer Commanding (GOC), Karnataka and Kerala Sub Area, at a meeting in his office. “ We are a forward-looking company with many industry firsts to our name, and we wanted to show our Armed Forces our respect for the protection they provide us. Just as our employees serve the company, our soldiers serve our country with pride and distinction. To show

by Shrutee K  VitrA, a pioneer in bathroom solutions, is thrilled to unveil its latest innovation in the realm of hygiene and design – the Root Collection of sensor faucets. This cutting-edge series combines functionality, safety, and aesthetic appeal, making it the ideal choice for any bathroom design concept.  The Root Collection stands out with its diverse range of forms and sizes, meticulously crafted to seamlessly complement various bathroom styles. Engineered by the Design Team at VitrA, these faucets boast motion-activated technology, offering a truly hands-free and convenient hygiene experience.  Designed with a focus on public spaces where maintaining hygiene is of utmost importance, the sensor functionality of VitrA's Root faucets is pivotal in minimizing the potential transmission of pathogens and contamination. The faucets are programmed to stop water flow automatically when users step away from the sensor, not just prioritizing safety but also contributing to water con

by Shrutee K Responsive, a leader in innovative flooring solutions, proudly introduces Spica RQ, a groundbreaking phthalate-free flooring option that seamlessly merges aesthetic appeal with superior functionality. Spica RQ stands out with its fully flexible, homogeneous, and non-directional design, offering a modern and sleek appearance that is suitable for a variety of spaces. It is available in sheets and tiles with a thickness of 2.00mm. This flooring solution presents a vibrant colour range, catering to diverse design preferences. One of the standout features of Spica RQ is its surface treatment, which provides exceptional wear resistance and reduces maintenance efforts. Treated with RQ Protect technology, it ensures high durability, acting as a robust barrier against stains and chemical aggression. The innovative RQ Protect process eliminates the need for wax or polish throughout the product's lifespan. Health and safety are paramount considerations with Spica RQ, which is bot

by Shrutee K Mumbai, December 28:  The JSW-Willingdon Squash Open is an eagerly anticipated event that will showcase the skills and talent of top squash players from around the country and overseas. Scheduled to take place from January 13 to 17, 2024, at the prestigious Willingdon Sports Club in Mumbai, this tournament promises to be a thrilling display of athletic prowess and intense competition. The event attracts both junior players, participating in the Little Masters category, as well as senior players, showcasing their skills in various age divisions. With participants hailing from different regions of India and overseas, the tournament offers a diverse and competitive playing field. The JSW-Willingdon Squash Open is not an ordinary tournament, a prestigious 4-star event held in association with the Professional Squash Association (PSA) and the Squash Rackets Federation of India (SRFI). This affiliation with these esteemed governing bodies highlights the significance and caliber

by Shrutee K Mumbai:  Honours  were evenly shared as Sanjeevani Cricket Academy and Mumbai  Cricket Club ‘A’  boys’ under-12 league match finished in an exciting tie in the third MCC Talent Search Cricket Tournament 2023-2024, organized by JSF (Jwala Sports Foundation) and played at the Sachivalaya ground, Oval Maidan. Both teams earned one point each. Sent in to bat, Sanjeevani Cricket Academy managed to score 149 runs for 5 wickets from their 25 overs. Nivedh Dinesh contributed an unbeaten 42 runs while captain Shreyas Khilare and Anuj Singh chipped in with 34 and 33 runs respectively. Later, Sanjeevani CA did well to restrict Mumbai Cricket Club ‘A’ to 149 for 9 wickets in 25 overs. Opener Arish Khan top-scored with 48 runs and Agastya Kashikar made 20 runs. Vedant Bhambhani took 3 for 16 runs. Shreyas Khilare who scored 34 runs and for his excellent fielding which resulted in the run-outs of three MCC batters he was later declared ‘Player of the match’. Brief scores:  Sanjeevani Cr

 by Shrutee K  Mumbai, December 28:  Kopana FC struck a goal at the death to snatch a narrow 1-0 win against Indian Cultural League (ICL) Youngstar in a Super Division match of the Mumbai Football Association (MFA) League 2023-2024 and played at the Neville D’Souza ground, Bandra on Thursday.  Both Kopana FC and ICL Youngstar were engaged in an absorbing contest and just as the match seemed to heading for a goalless draw, striker Roshan Mangela scored the decisive winner for Kopana FC and to help them collect the full three points.  Later, in another match of the same division, India Rush SC and Somaiya FC shared honours as they played out an exciting and high-scoring 3-3 draw. Kalpesh Rane, Yunus Ansari and Samir Bayen were bang on target with a goal each for India Rush, while Somaiya FC scored through Arjun Singh, Vaibhav Shetti and Mandar Palav all contributing one goal apiece. Results – Super Div:  Kopana FC 1 (Roshan Mangela) beat ICL Youngstar 0.  India Rush SC 3 (Kalpesh Rane, Y

Mumbai, 28 December 2023: Sheetal Diamonds Ltd. (BSE: 530525), a fast-growing diamond manufacturer, supplier and exporter of an exclusive range of Real Natural Loose Diamonds and Diamond Jewellery, has announced preferential issue of up to Rs. 49.95 Crores. The proceeds of this preferential issue will be utilized to foray into retail sector, whereby the company plans to set up retail stores across the country. The company, in its board meeting held on 27 December 2023, decided to conduct a Postal Ballot to approve the increase in authorised capital to Rs. 15,50,00,000 consisting of 3,10,00,000 Equity Shares of Rs. 5 each, to issue and allot 83,25,000 Equity Shares of Rs. 5 each at an Issue Price of Rs. 60 including premium of Rs. 55 per share aggregating to Rs. 49.95 Crore to eligible allottees by way of Preferential Issue and to change the name of Company to ‘RAJNISH RETAIL LIMITED’. The proposed allotees include various entities from the promoter and non-promoter group. The promo

Rajnandini Metal Ltd. (NSE: RAJMET) has announced receipt of orders amounting to Rs. 111.42 from KEI industries Ltd., Orient Cables India Pvt Ltd., Dailmer Industries Pvt Ltd., Paramount Communications Ltd., Svarn Infratel Pvt Ltd., amongst others. Earlier, for the quarter ended 30 September 2023, the company reported Revenue from operations at Rs. 333.10 Crore, with PAT coming in at 6.50 Crores. Rajnandini Metal Limited deals in various products such as Copper Rod, Annealed Bare Copper Wire, Fine Copper Wire, Multi Stranded Copper Cables, Bunched Copper Wire, Submersible Wires and Flat Cables as well as House Wires. Its clientele includes top names from the field of Steel, Automotive, Light/Heavy Engineering, Construction, Chemical and Electronic Industry. With the use of highly sophisticated technology and imported machinery, Rajnandini Metal Ltd has been a pioneer in manufacturing of high-grade Copper Continuous Casting Rods  which does not only have a uniform high electrical

Scheduled from December 21 to December 27, 2023, Sameera Agro’s IPO brings forth a fixed price issue of ₹180 per share, with a face value of ₹10 per share. The lot size is set at 800 shares, catering to investors across different strata. The total issue size stands at 3,480,000 shares, aggregating up to ₹62.64 crores. The IPO will list on NSE SME, marking a significant milestone in the company’s growth trajectory. Sameera Agro and Infra Limited operates at the intersection of real estate development and agriculture, offering a unique value proposition to its investors. The company’s strategic diversification across these two distinct yet synergistic business domains position’s it uniquely in the market. In the financial year ending March 31, 2023, the company reported a substantial increase in revenue, soaring by 31.79% compared to the previous year. The profit after tax (PAT) witnessed a remarkable surge of 266.1%, underlining the company’s efficient financial management and operation

by Shrutee K  Date: December 6, 2023 :   ICAR-Central Institute for Research on Cotton Technology (CIRCOT), Mumbai is celebrating its Centennial Foundation Day by co-hosting 9 th Asian Cotton Research & Development Network (ACRDN) meeting & International Conference on “Innovation for a Resilient and Sustainable Cotton Production and Viable Value Chain”, partnering with Indian Society for Cotton Improvement (ISCI) Mumbai, International Cotton Advisory Committee (ICAC) Washington DC, USA, ICAR-Central Institute for Cotton Research (CICR) Nagpur and the Indian Fibre Society (IFS) Mumbai.   Asia being the most vibrant hub of cotton production, processing, consumption and trade, this 9 th ACRDN meeting & International Conference (Dec 06-08, 2023) at Mumbai gather eminent researchers and stakeholders across the World to address the challenges arising from fluctuating market prices and pest-related issues to sustainability concerns.  The inaugural function started with the light

BLS International, a trusted global tech-enabled services partner for governments and citizens, is delighted to announce that it has been awarded a substantial order from the State Health Agency – Ayushman Bharat-Pradhanmantri Jan Arogya Yojana, Uttar Pradesh. This strategic collaboration involves the processing of Ayushman Cards on the National Health Authority (NHA) IT Platform. BLS International Services Ltd. has earned this prestigious project as an empanelled service provider for the National Health Authority, solidifying its position as a trusted partner in delivering essential e-governance services. The agreement reached with the National Health Authority is set to remain in effect perpetually, showcasing the enduring commitment and expertise that BLS International brings to the table. The primary objectives of this collaborative initiative are centered around streamlining the processing of Ayushman Cards in a time-bound manner, expanding outreach to beneficiaries, and contr

·          Company to acquire 126-acre land plot to establish solar and wind energy installation  ·          Energy from these-installations will be utilized for production of Green Hydrogen, which is completely free of carbon emissions (i.e. generates no carbon emissions)  ·          Hydrogen produced at the Green Hydrogen Facility is primarily for captive usage for the current plant and expansion of the para Aminophenol (self-consumption)  ·          After meeting it’s captive requirements, the company plans to sell any additional Hydrogen manufactured Mumbai, 04 December 2023: Sadhana Nitro Chem Ltd., a prominent manufacturer specializing in intermediate specialty chemicals, will foray in to land green energy for captive usage (self-consumption). The company will set up a green hydrogen facility, based on a solar plant and wind farm with a capacity of 15MW-20MW. The board approved a rights issue, subject to necessary approvals from regulatory authorities. The rights shares are b

by Shrutee K Blinds by AD, a leading blinds manufacturer in window decoration mechanisms in India announces the launch of its stunning new range of more than 500 fabrics with exquisite prints, varied textures and a plethora of colours. Available in a rainbow of vibrant hues, the environment-friendly fabrics showcase a range of most loved designs in a selection of delightful and serene colour palettes that exude the beauty and timeless appeal of these exquisite fabrics that can adorn any home or commercial space this season. Currently having over 1500+ fabrics produced across over 50,000 sq feet production space, Blinds by AD makes 600 blinds per month. The brand new and exclusive collection consists of the choicest materials that have been sourced from across the globe. The fabrics are personally handpicked and is a wonderful mix of sophisticated style, designed especially for modern day living. Each of these newly launched fabrics comes with a perfect choice of linings creating the pe

by Shrutee Kate शुक्रवार दि.24/11/2023 रोजी रिझर्व बँकेने Banking Regulation Act 1949 च्या कलम 36 AAA अन्वये मुंबईतील बहुराज्यीय सहकारी बँक असलेल्या अभ्युदय को- ऑप. बँकेचे संचालक मंडळ पुढील 12 महिन्यासाठी बरखास्त करुन प्रशासकाची नेमणूक केली आहे. अभ्युदय बँकेची स्थापना मुंबईतील काळाचौकी सारख्या कामगार वस्तीतील अभ्यूदय नगरमध्ये अभ्यूदय या नावाने 1965 साली करण्यात आली. अल्पावधीतच मुंबईतील इतर अनेक सहकारी बँकांना मागे टाकून या बँकेने मोठया प्रमाणात आर्थिक भरारी घेतली. आज भारतातील जवळपास 1540 सहकारी बँकांमध्ये अभ्यूदय सहकारी बँकेचा क्रमांक चौथा लागतो. या बँकेने अनेक स्थित्यंतराचा सामना करत तसेच अनेक प्रकारचे आर्थिक अडथळे पार करुन आपला कारभार चढत्या क्रमानेच चालू ठेवलेला आहे. पंरतु करोना सारख्या जागतीक महामारीमुळे भारतातीलच काय परंतु संपूर्ण जगभरातील बँका अडचणीत आल्या. सहकारी बँकांना राज्य किंवा केंद्र शासनाकडून कोणत्याही प्रकारची आर्थिक मदत मिळत नसल्याने सहकारी बँकांना सावरण्यासाठी अधिक कालावधी लागत आहे. उपरोक्त बाबी लक्षात घेता अभ्यूदय बँक काही प्रमाणात आर्थिक संकटात सापडली असल्याने 31 मार