Showing posts from November, 2023

Onest and Shiva Pharmachem gets Sebi nod for IPO

  Mumbai-based Onest Ltd and Vadodara-based Shiva Pharmachem has received final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO). Onest and Shiva Pharmachem had filed preliminary IPO papers with Sebi on July 28, and August 21, 2023 respectively. The Initial Public Offering of Onest Ltd comprises of a fresh issue of Rs 77 crore and an offer for sale (OFS) of up to 3.25 million shares by Promoter and other selling shareholders, while that of Shiva Pharmachem is entirely an offer for sale (OFS) of up to Rs 900 crore by Promoter and Promoter Group Selling Shareholders. Onest Ltd is primarily engaged in the Fast-Moving Consumer Goods (FMCG) market with a range of home care and personal care products, food products and household products catering to B2B2C and B2B customers. The company develops brands such as Florona, Hunk, Brio, Freshia, Varino, Endiro, Ekon, and Delight to cater to

Vadodara based Speciality Chemicals Company, Kronox Lab Sciences Limited files DRHP for IPO

  Mumbai / Vadodara, November 27, 2023:   Vadodara based Kronox Lab Sciences Limited (‘Kronox” or “the Company”) has filed its Draft Offer Document with SEBI for IPO on Main board. A manufacturer of high purity speciality fine chemicals, Kronox’s products find application in a wide spectrum of industries for diversified uses such as pharmaceuticals formulations, active pharmaceutical ingredients, biotech, scientific research and testing, nutraceuticals, personal care, agrochemicals, animal health, metallurgy, amongst others. An import substitution player, Kronox exports to more than 20 countries with major exports to USA, United Kingdom, Mexico, Australia, Egypt, amongst others. The Company’s three (3) manufacturing facilities and Research, Development and Testing (“RDT”) laboratory are situated at Padra, Vadodara, Gujarat. The Company has filed its Draft Red Herring Prospectus (DRHP) with SEBI. Completely debt free business, Kronox works at more than 15% Post tax profit margin. I

Indian Renewable Energy Development Agency Limited IPO makes a remarkable debut on the exchange; lists at 56% premium

 After IRCTC, IREDA stands as the second most successful PSU to be listed. Mumbai,  November 29, 2023 :   Shares of   Indian Renewable Energy Development Agency Limited made a remarkable debut on the exchange listing at a 56% premium. The scrip listed Rs 50 per share on BSE and NSE respectively, at a premium of 56.25%. The company's share price closed at Rs 59.99 per share on the BSE, an 87.47% premium, and at Rs 60 per share on the NSE, an 87.50% premium.   As per NSE, the total quantity traded stood at 5798.10 lakh shares, on BSE the total Quantity stood at 381.55 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 3393.13 crore. Shri. Pradip Kumar Das – CMD –  Indian Renewable Energy Development Agency Limited   said "I extend my heartfelt gratitude to all the investors who have placed their trust in Indian Renewable Energy Development Agency Limited. Your support fuels our commitment to drive renewable energy growth and sustainability. We embark on this new chapter

LIC of India introduced new plan “LIC’s JEEVAN UTSAV (Plan No. 871)”

  In tune with our market talk, Chairperson, Shri Siddhartha Mohanty, Life Insurance Corporation of India launched a new plan, LIC’s Jeevan Utsav with effect from  29.11.2023 . LIC’s Jeevan Utsav is Individual, Savings, Whole Life Insurance plan. It is a Limited Premium plan with Guaranteed Additions throughout Premium Paying Term. The Unique Identification Number (UIN) for LIC’s Jeevan Utsav Plan is 512N363V01.   This plan is available for age starting from 90 days to 65 years. It gives guaranteed Life Long income and Life Long Risk Cover.  The minimum premium paying term is 5 years and maximum premium paying term is 16 years.  For each policy year for which premium is paid, the Guaranteed Additions @ Rs. 40 per thousand Basic Sum Assured shall accrue at the end of each policy year during the premium paying term.  On survival of the Life Assured after Premium Paying Term, the Policyholder can choose from: Option I- Regular Income Benefit  - which is 10% of the Basic Sum Assured, payab

Arvind Chandra Joins Aliaxis as the New Divisional CEO of India

Arvind Chandra joins Aliaxis  as the new Divisional CEO of India  and Executive Committee Member   National, November 28, 2023 – Aliaxis, a world leader enabling access to water and energy  through inventive fluid management solutions, welcomes Arvind Chandra to the Executive  Committee. As the new Divisional CEO of Aliaxis India (Ashirvad Pipes), he will report directly to  Eric Olsen, Chief Executive Officer.   Eric Olsen, Aliaxis CEO  said,  “We are excited for this next chapter of our Indian business under the  dynamic leadership of Arvind Chandra. Arvind brings an impressive 30-year global track record  driving growth and profitability in a wide range of industries. India is a high-growth market for  Aliaxis for the years to come and Arvind will help bring our Indian operations to the next level.” Arvind Chandra, Divisional CEO Aliaxis India , commented,  “I am thrilled to join Aliaxis to address  India’s pressing water challenges. Together with the Ashirvad team, we will drive gr

OKX Publishes 13th Consecutive Proof of Reserves (PoR) with USD$14.5 Billion in Primary Assets, Over 1m Users View Reserves

  Hong Kong SAR,  November 29, 2023  --  OKX , a leading global Web3 technology company and crypto exchange,  today  published its 13th monthly  Proof of Reserves (PoR)  report, demonstrating US$14.5 billion in primary assets backing user funds. Since the launch of OKX's  PoR  program in late 2022, over one million users have viewed the reserves data or verified that their assets are backed 1:1. OKX's latest Proof of Reserves (PoR) report outlines a reserve ratio of over 100% for 22 of the most commonly used assets on the platform, including BTC, ETH, USDT and USDC. This is the 13th consecutive month that OKX has maintained a reserve ratio of 100% or higher for each of these assets. OKX's current reserve ratios are as follows: BTC: 103% ETH: 103% USDT: 102% USDC: 104% OKX Global Chief Commercial Officer Lennix Lai said:  "Our Proof of Reserves program continues to set the industry standard for transparency and trust. By consistently publishing monthly reports and incor

F1 Info Solutions & Services Opens 3 Dedicated Service Centers for OnePlus in & around Mumbai

  After opening 4 dedicated service centers in Surat, Ahmedabad, Navi Mumbai & Dadar, F1 opens  3 more dedicated service centers in Nariman Point, Andheri West and Vasai West for seamless after-sale service Customers using OnePlus mobile phones, wearables, and TWS will now have easy access to a dedicated, hassle-free, and faster after-sales service experience Mumbai - November 28, 2023 : Flipkart’s subsidiary and service arm, F1 Info Solutions & Services Private Limited, recently opened three dedicated service centers for OnePlus at Nariman Point, Andheri, and Vasai in Mumbai. These service centers are strategically located in South, West and Central Mumbai to offer customers convenience and easy access to quality service through trained technicians.   At the dedicated service centers in Mumbai, F1 will manage walk-ins and repairs for Oneplus Mobiles, TWS (True Wireless Stereo Technology - Earbuds), and Wearables under warranty and out of warranty. To provide enhanced after-sal

HSBC India unveils major upgrade on its credit cards with attractive new features and benefits

  ~ HSBC Premier Credit Card offers one of the best-in-class benefits on travel, lifestyle spends and reward points; get  forex mark-up of 0.99% across geographies ~   ~HSBC Cashback Credit Card offers 10% cashback on food delivery, dining and groceries; avail unlimited 1.5% cashback on other spends~   HSBC India  today announced a major facelift on its credit cards—HSBC Premier Credit Card and HSBC Cash Back Credit Card—to elevate the experience for its affluent and wider base of mass credit card holders.   The upgraded HSBC Premier Credit Card offers luxury benefits on travel, lifestyle spends and reward points for its affluent customers. On reward points, at the time of redemption, HSBC Premier Credit Card customers can avail Re 1 for every reward point across some exciting categories, one of the best in the industry. The HSBC Premier Credit Card holders can also enjoy unlimited domestic and international lounge access with eight international free lounge visits for their guests per

India’s largest Apparel show in the Middle East ‘Brands of India’ inaugurated by H.E. Butti Saeed Al Ghandi, Vice-Chairman, Dubai World Trade Centre

  Empowering 350+ Indian Brands on the Global Stage: The Brands of India trade show by The Clothing Manufacturers of India (CMAI) commences today. In a momentous celebration of trade, international collaboration, and cultural exchange, the maiden edition of Brands of India trade show organized by The Clothing Manufacturers Association of India (CMAI), received a grand inauguration by  H.E. Butti Saeed Al Ghandi, Vice-Chairman of the Dubai World Trade Centre . The event is set to captivate the MENA Apparel industry at the Dubai World Trade Centre in Halls 6 & 7 from November 27th to 29th, 2023.   Supported by the Embassy of India-UAE, The Dubai Textile Merchants Association (TEXMAS), Dubai International Chamber, and the Readymade Garments Merchants Group Dubai, the trade show demonstrates the rapid pace at which Indian businesses are entering the UAE market indicating a strong and positive momentum post the signing of the India-UAE Comprehensive Economic Partnership Agreement (CEPA)


~ The collaboration with  Netflix for ‘ The  Archies’   will headline Starbucks’ Holiday campaign, including the launch of special #TheArchiesHolidayClassics   beverages   India, Mumbai, 2 4 th  November 2023:  Starbucks kicks off the Holiday season with the announcement of a collaboration with Netflix for the highly anticipated film 'The Archies.' Set in 1960s India, 'The Archies' is a live-action musical that reimagines the beloved Archie comics in the idyllic town of Riverdale. As part of this unique collaboration, Starbucks introduces  #TheArchiesHolidayClassics —a special range of beverages inspired by Archie, Veronica, and Betty. The Archies stars Suhana Khan as Veronica, Khushi Kapoor as Betty, Agastya Nanda as Archie, Vedang Raina as Reggie, Aditi Saigal as Ethel, Yuvraj Menda as Dilton and Mihir Ahuja as Jughead .  The high-energy film centers around friendship  and the importance of spending time with friends. The collaboration between Starbucks and Netflix go