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Showing posts from April, 2024

Racks & Rollers - Storage Technologies and Automation Limited’s SME Initial Public Offering to open on Tuesday, April 30, 2024, price band set at ₹73/- to ₹78/- per Equity Share

Price Band of ₹73/- – ₹78/- per equity share bearing face value of ₹10/- each (“Equity Shares” Bid/Offer Opening Date – Tuesday, April 30, 2024 and Bid/Offer Closing Date – Friday, May 03, 2024. Minimum Bid Lot is 1600 Equity Shares and in multiples of 1600 Equity Shares thereafter. The Floor Price is 7.3 times the face value of the Equity Share and the Cap Price is 7.8 times the face value of the Equity Share RISK TO INVESTORS The Company is dependent on few numbers of customers for sales. Loss of any of this large customer may affect our revenues and profitability We have certain outstanding litigation against us, an adverse outcome of which may adversely affect our business, reputationand results of operations The unexpected loss, shutdown or slowdown of operations at our manufacturing plant could have a material adverse effect onour results of operations and financial condition. Inaccurate estimation of risks, revenues, or costs for a projects could negatively impact our profitabil

Highest ever yearly PAT of ₹ 1027 crore in FY24, jumps 83% YoY Highest ever quarterly PAT of ₹ 332 crore in Q4FY24, jumps 25% QoQ AUM crosses ₹ 25,000 crore, NNPA down to 0.59%

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Pune,  April 29, 2024 :  The Board of Directors of Poonawalla Fincorp Limited, a non-deposit taking   systemically important   NBFC   focusing on   consumer   and   MSME finance,   today  announced   its   audited   financial   results   for   the   quarter   and   year   ended   March   31,   2024. The Company continued to register robust financial performance, demonstrating strong growth in   AUM,   Profitability,   and   superior   asset   quality. Key   Highlights   –   Q4FY24: Assets: Highest   Ever   Quarterly   Disbursement:   Achieved   the   highest   ever   quarterly   disbursement   of   ₹   9,688   crore ,   up   52 %   YoY   and   11%   QoQ Assets   Under   Management   (AUM):   Stood   at   ₹   25,003   crore ,   up   55%   YoY   and   14%   QoQ   Asset   Quality: Gross   NPA   at   1.16%,   reduced   by   28   bps   YoY   and   17   bps   QoQ Net   NPA   at   0.59%,   reduced   by   19   bps   YoY   and   11   bps   QoQ   Profitability: Profit   After   Tax   (PAT):   Hi

Kinetic Green appoints Debashis Mitra as President of 3-Wheeler Business

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Pune,  April 29, 2024   – Kinetic Green Energy and Power Solutions Limited, a leading manufacturer of electric two and three-wheelers in India, announced the appointment of Mr. Debashis Mitra as the President of the 3-wheeler Business.  With a distinguished career spanning over three decades in the Indian automotive sector, Mr. Mitra brings invaluable expertise and leadership to Kinetic Green's ambitious journey. Kinetic Green is a trailblazer in India's electric three-wheeler (E3W) market. With a dedicated focus on in-house research and development (R&D) and on the 'Make in India' initiative, it has successfully developed a wide range of L3 and L5 models of E3Ws in India. The company aims to enhance its category presence by venturing into the L5 passenger segment, complementing its existing operations in the L3 passenger and cargo categories, as well as the L5 cargo category. Mr. Mitra's illustrious career encompasses senior leadership roles at renowned compani

KRAFTON India creates a first of its kind engagement for BGMI players; introduces “Hero Xtreme 125R Finishes Challenge” where winners get the sought-after Hero Xtreme 125R

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New Delhi,  April 29th, 2024 :  KRAFTON India, makers of BGMI (BATTLEGROUNDS MOBILE INDIA) India’s most loved battle royale game, have  today  announced a unique concept with HERO MotoCorp, the world's largest manufacturer of motorcycles and scooters . As a part of collaboration, they have introduced the “Hero Xtreme 125R Finishes Challenge” contest, featuring the newly launched, highly sought after Hero Xtreme 125 motorcycle into the captivating world of BGMI. Fans can now immerse themselves in the world of BGMI characters and landscapes while experiencing Xtreme 125 at different stages in the game. An electrifying in-game event within BGMI will be hosted soon and will feature four prominent gaming influencers: Mortal, Lolzz, Dobby, and Gamerfleet. From April 28th to 30th, players can participate in exclusive challenges and rewards within BGMI guiding them. Furthermore, fans can participate in the exciting contest at Hero MotoCorp’s select dealerships in India. Three lucky winners

Upgrade your kitchen with TTK Prestige’s Annual ‘ANYTHING FOR ANYTHING’ Exchange Offer

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National, April 2024:   Prestige, the most trusted and leading kitchen appliance brand, is back with its much-awaited "ANYTHING FOR ANYTHING" Exchange Offer. Customers can bring their old kitchenware or kitchen appliances and exchange them to avail this attractive exchange offer, ranging from a 24 percent to 65 percent discount on MRP for various Prestige products. Unlike any other campaign, the Anything for Anything Exchange campaign allows consumers to exchange an old kitchen appliance from any brand and any condition with the latest innovative products from Prestige. The offer started on April 16th and will continue until  June 30th, 2024 . Prestige's dedication to innovation is well-known. Each product is designed with advanced and modern technology offering home-cooks a clean, stress-free, and convenient cooking experience. With the ‘Anything for Anything’ Exchange offer, consumers will get a wonderful opportunity to upgrade their kitchen with Prestige’s latest innov

Japan International Cooperation Agency (JICA) commits to enhancing construction site safety in India

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New Delhi, 26 April 2024:  On the occasion of ‘World Day for Safety and Health at Work’, Japan International Cooperation Agency (JICA) reaffirms its commitment to enhancing the safety standards for infrastructure and construction site safety in India, guided by its philosophy of ‘safety first’. JICA is currently facilitating over 80 major infrastructure projects through financial cooperation. These include the Delhi Metro Rail Corporation (DMRC), which celebrated its 20th anniversary in 2022; the Mumbai Trans Harbour Link (MTHL), inaugurated in 2024; as well as marquee initiatives such as the Mumbai-Ahmedabad High-Speed Rail (MAHSR) and the Northeast Region Network Connectivity Improvement Project (NERNCIP), which are presently under construction. These projects are underpinned by JICA's core principle of ‘establishing a safety culture in India’, wherein the agency provides comprehensive technical support to strengthen safety and quality standards. JICA has been committed to suppor

Annapurna Bhairi joins the cast of Shemaroo Umang’s ‘Chaahenge Tumhe Itnaa’ as Girija Devi

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‘Chaahenge Tumhe Itnaa’ on Shemaroo Umang continues to captivate viewers with its compelling storyline and growing popularity. The chemistry between the lead actors Swati Sharma as Aashi and Bharat Ahlawat as Siddharth has endeared them to the audience, and soon they will be seen tying the knot in the upcoming episodes. The show has already heightened the drama quotient with the entry of a mysterious man planning to sabotage the happiness of Aashi and Siddharth. Adding to the intrigue is the introduction of a new character, ‘Dadi’, aka Girija Devi portrayed by the versatile Annapurna Bhairi. Girija Devi, as she is known, is depicted as a stern individual deeply committed to her morals, unwavering in her adherence to principles and ideals. She is Amit’s mother and Amrita’s mother-in-law. Annapurna sheds light on her character, expressing her excitement about playing a role that is completely opposite to her real-life persona.  "My character, Girija Devi, in ‘Chaahenge Tumhe Itnaa’