Showing posts from January, 2024

KP Green Engineering Limited files DRHP for SME IPO

KP Green Engineering Limited, part of the Gujarat-based KP Group, manufactures fabricated and  hot-dip galvanized steel products   has filed its draft red herring prospectus (DRHP) with Bombay Stock Exchange (BSE) t o raise funds through an initial public offering (IPO).   The IPO, with a face value of Rs 5 per equity share, is entirely a fresh issue of up to 13.16 million shares with no offer of sale component.   KP Green Engineering is the third offering from the KP Group after KP Energy Ltd came out in 2016 to raise Rs 6.44 crs and erstwhile KPI Global Infrastructure Ltd now KPI Green Energy Ltd came out for an IPO in 2019 to raise Rs 39.94 crs   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 investors, and not less than 35% of the net issue shall

Arundhathi Subramaniam Secures the Mahakavi Kanhaiyalal Sethia Poetry Award 2024 at the Samsung Secures the Mahakavi Kanhaiyalal Sethia Poetry Award 2024 at the Samsung Galaxy Tab S9 Series Jaipur Literature Festival 2024

  Mahakavi Kanhaiyalal Sethia , a multifaceted luminary celebrated as a poet, educator, social reformer, environmentalist, and freedom fighter, is remembered through the annual  Mahakavi Kanhaiyalal Sethia Poetry Award , presented by the  Samsung Galaxy Tab S9 Series Jaipur Literature Festival  in collaboration with the  Mahakavi Kanhaiyalal Sethia Foundation . The esteemed jury, consisting of  Namita Gokhale, Sanjoy Roy ,  Jaiprakash Sethia , and  Siddharth Sethia , has unanimously selected  Arundhathi Subramaniam  as the recipient of this prestigious award for the 2024 edition of the award.   Mahakavi Kanhaiyalal Sethia, renowned for his poem  ‘Dharti Dhora Re’,  considered the unofficial anthem of Rajasthan, left an indelible mark on the country’s literary landscape. A documentary film,  ‘Land of Sand Dunes’,  directed by Gautam Ghosh, based on Sethiaji's anthem poem, received the National Award – the Golden Lotus from the Government of India. The poem was showcased at the 2016

Crompton recognized as India’s Best Managed Companies 2023 by Deloitte India for the second consecutive year

  30 th  January 2024 , Mumbai:  Crompton Greaves Consumer Electricals Ltd. has been honored as one of India’s  Best Managed Companies 2023 by Deloitte India  recognizing its consistent efforts to drive business excellence for the second consecutive year.  India’s “Best Managed Companies” winners are amongst the best-in-class Indian companies demonstrating leadership in the areas of strategy, capabilities, innovation, culture, commitment, and financials to achieve sustainable growth. Crompton has established itself as a leading brand in the consumer electrical industry while generating industry-leading returns since its inception. Guided by its purpose, Crompton aims to deliver unparalleled value to all stakeholders. With a rich legacy of over 85 years, Crompton  has continually  invested  in brand and innovation to better cater to the needs of modern Indian consumers; providing them with high-performance  and  superior-quality products.   Talking about the company’s recent achievement

Sanjay Agarwal’s Family Office acquires stake in Teamwork Arts producers of the Jaipur Literature Festival

  The Family Office of Sanjay Agarwal, Founder, Small Finance Bank, has joined hands with Teamwork Arts, producer of the world’s largest literary gathering, the renowned Jaipur Literature Festival – the 'Greatest Literary Show on Earth'.   Teamwork Arts produces 33 annual festivals across 72 cities in 21 countries including Australia, Canada, Egypt, France, Germany, Hong Kong, Italy, Israel, Korea, Singapore, South Africa, Spain, UK, USA. Sanjoy K. Roy, the Co-founder of Teamwork Arts, and his colleagues bring together a seasoned team excelling in creativity and in curating g immersive experiences that intersect knowledge, literature and the arts and innovation, Sanjay Agarwal and his family office bring their financial heft and understanding to help grow the existing Teamwork Arts brands and create new opportunities and platforms for excellence in the arts. Collectively, the two organisations have joined hands to envisage and create value for the arts in India and abroad.   Th

TDP MP Jayadev Galla announces he will not be contesting upcoming elections

  Guntur, 29 th  January 2024 : Mr. Jayadev Galla, the incumbent Member of Parliament from Guntur Lok Sabha constituency, Leader of the Telugu Desam Parliamentary Party and a senior leader of the Telugu Desam Party has  today  announced that he will not be contesting the upcoming 2024 general elections. He was elected twice as the Member of Parliament representing Guntur in the years 2014 and 2019. “It is with a heavy heart that I announce my decision to not contest in the upcoming 2024 general elections. I will be taking a break from politics to focus on diversifying the business which is at a crucial stage of leading the world in the transition to a more sustainable future. Amara Raja is moving from being a battery manufacturer to a comprehensive provider of Energy & Mobility solutions. As part of this, we are investing about Rs 9,500 Crs for the Amara Raja Giga Corridor, which will have one of the largest manufacturing facilities of lithium-ion batteries and also a state-of-the-

Forge Your Victory with the Blacksmith Unit in Defense Derby

  KRAFTON has recently introduced the formidable Blacksmith unit in their tower defense game, Defense Derby, and here’s your guide to maximizing its potential.   The Blacksmith unit is a new physical-type human faction unit introduced in Defense Derby that enhances hero attack power and speed with its forge ability. The Blacksmith unit can be acquired through the Lucky Draw, Featured Summon, or the Shop of Blessings. The Blacksmith unit is a valuable addition to your Defense Derby deck. Here are some tips to harness the unit’s power and win battles: Boost your hero’s performance:   The Blacksmith unit’s forge ability can be used to enhance your hero’s attack power and speed, making them more effective in battle. 2.                  Place Blacksmith units strategically:   Blacksmith units should be placed in strategic locations to maximize their effectiveness. They work best when placed near your hero or other physical-type units  3.                  Create powerful synergies:   Blacksm

Hindustan Pencils Inspires Young Minds at 6th Krazy Kids Carnival

  Mumbai - January 28, 2024 - Hindustan Pencils, a leader in the stationery industry and the   driving force behind iconic brands like Apsara and Nataraj, had prepared to infuse the 6th   Krazy Kids Karnival at Nesco grounds in Goregaon from 26th to 28th January 2024 with a   wave of creativity. With an expansive stall, Hindustan Pencils aimed to enchant young minds   through a variety of engaging activities and captivating product display The stall was ingeniously divided into two zones, both promising a unique and entertaining experience. In the Art Zone, children had the opportunity to explore their artistic potential with Hindustan Pencil's extensive range of high-quality art materials. From vibrant colored pencils to innovative drawing tools, this space served as a haven for budding artists, fostering creativity and self-expression. Kids were enchanted as they participated in the "Create Magic with Matt Magic" activity, crafting art and crafts with Matt Magic pencils

Nova Agritech IPO subscribed 109.36 times on Final Day

The Initial Public Offering of Nova Agritech  Limited  was subscribed 109.37 times  on the final day of bidding; the highest in the calendar year 2024.   The issue  received bids of 2,77,94,75,000 shares against the offered 2,54,14,746 equity shares, at a price band of ₹39-41, according to the data available on the stock exchanges.   Non-Institutional Investors Portion with 224.06 times, Retail Portion was subscribed 77.10 times, whereas Qualified Institutional Buyer Portion subscribed 79.31 times.   The issue with a face value of Rs 2 per equity share consists of a fresh issue of equity shares worth up to Rs 112 crore and an offer-for-sale (OFS) of up to 77,58,620 equity shares by Nutalapati Venkatasubbarao.   Keynote Financial Services Limited and Bajaj Capital Limited are the book-running lead managers and Bigshare Services Pvt Ltd is the registrar to the offer.                 Company Information   Agri-input manufacturer, Nova Agritech Limited (“the Company”) which offers soil hea

Celebrating 75th Republic Day: Swiggy Expands Reach to Lakshadweep, all set to empower Local Restaurants in Agatti Island

  ~First food delivery platform to launch in the upcoming and highly sought-after tourist destination ~Partners with legendary restaurants like AFC Fried Chicken,City Hotel and Mubarak Hotel to empower them with wider access to locals and tourists ~ Taking an eco-friendly approach to preserve the beauty of the island, all deliveries will be solely made on  bicycles  ~  First-time Swiggy users to get special launch offers like 50% discount and free delivery on first orders   Lakshadweep,  25 January 2024 :   Swiggy, India's leading on-demand convenience platform, is marking a significant milestone in its nationwide expansion. Coinciding with  India's 75th Republic Day celebrations , Swiggy is now debuting its food delivery services in the island city of Agatti in Lakshadweep.  As the first online food delivery platform  to enter Lakshadweep, Swiggy will be introducing the convenience of food delivery to the locals while also ensuring tourists can experience food from the best lo

IndiaFirst Life Insurance Strengthens Key Leadership Roles

  Sunder Natarajan Takes Charge as the Chief Human Resource Officer (CHRO), and Amrish Maheshwari is the New Chief Risk Officer (CRO). Mumbai, 23 rd  January 2024:  IndiaFirst Life Insurance Company Ltd (IndiaFirst Life), one of the fastest-growing private life insurers in the country has further strengthened its key leadership. With  Sunder Natrajan  taking charge as the  Chief Human Resources Officer (CHRO) , IndiaFirst Life has appointed  Amrish Maheshwari  as  the new Chief Risk Officer (CRO) .   Commenting on the leadership announcements,  Vishakha RM, MD & CEO, IndiaFirst Life , said, “I am happy to announce the strategic leadership appointments of Sunder Natrajan as our CHRO and Amrish Maheshwari as the new CRO. Their proven expertise and dedication align seamlessly with our vision. Together, we embark on an exciting journey to further elevate our organizational excellence.”   Sunder, who was the Chief Risk Officer at IndiaFirst Life, has taken on the important role of the C

Cupid Ltd - Q3FY24 Results Release - Reports Robust Earnings for Q3FY24, PAT Grows 73% QoQ

  Cupid  Ltd. Reports  Robust   Earnings for  Q3 FY24 ,  P A T  Grows   73 %   Q o Q   Revenue   from   Operations   reported at   Rs.   40.05   Cr   in   Q 3 FY 2 4   EBITDA  came in  at  Rs.  12.15   Cr  in Q 3 FY 24   PAT  stood   at   Rs.   8.86   Cr   in   Q 3 FY 2 4   Board  Approves Stock Split ,   Bonus Issue  and  Preferential Issue  to FIIs   of   Convertible   warrants   on   Preferential   basis   to   FIIs   for   Rs.   385   crores.   Standalone   Financial   Statement   Highlights   for   Q 3 FY2 4   vs   Q2 FY24 vs   Q 3 FY2 3   Particulars (Rs. Crores except EPS)   Q3FY24   Q2FY24   QoQ%   Q3FY23   Revenue from Operations   40.05   34.46   16%   41.76   Total Expenses excluding   Depreciation, Amortization &   Finance Cost                   27.9   29.24       28.85   EBITDA   12.15   5.22   132%   12.91   EBITDA Margin (%)   30.34%   15.15%   1 519  bps   30.91%   Depreciation & Amortization   0.75   0.72       0.77   Finance Cost   0.39   0.07       0.07   Oth