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Thrissur, 31 July 2024: In response to the devastating flash floods and landslides that have tragically struck Wayanad, Kerala, TS Kalyanaraman, Managing Director of Kalyan Jewellers, has pledged Rs. 5 crores to the Kerala Chief Minister's Distress Relief Fund (CMDRF). This contribution aims to provide much-needed support to the rescue, relief and rehabilitation efforts in Wayanad. “As a company with roots in Kerala, it is heart-wrenching to see our fellow Keralites suffering due to these unexpected landslides and floods. The devastation in Wayanad has not only claimed numerous lives but also displaced families, destroyed homes, and disrupted livelihoods. Our thoughts and prayers are with those affected during this challenging time,” said Mr Kalyanaraman. Kalyan Jewellers has a long-standing tradition of giving back to the community, and this contribution is a continuation of its ongoing efforts to support disaster relief and recovery initiatives in the state. The recent natural d...

~ Rhea Kapoor, Mouni Roy,  and  Rithvik Dhanjani  joined over  100  Made-in-India fashion brands from across India to kick off the festive season for Flipkart Fashion   ~ FlipInTrends  will enable Made-in-India fashion brands to leverage Flipkart insights and trend mapping to ensure the most relevant styles are made available on the marketplace this festive season Bengaluru,  31 July 2024  - Flipkart, India’s homegrown e-commerce marketplace, brought together over 100 Made-in-India fashion brands from across the country for the launch of  Flip In Trends , with the intention to help them maximize growth opportunities in the run-up to this year’s festive season. Available on the Flipkart app, this introduction is based on early-stage generative AI innovations, utilizes innovative merchandising & technological enhancements, and leverages the understanding of over 500 million registered users. When it comes to the fashion industry, the s...

Mumbai,  July 29, 2024 :  Ceigall India   Limited, an infrastructure construction company, having completed over 34 projects across ten states in India with experience in undertaking specialized structural work such as elevated roads, flyovers, bridges, railway over bridges, tunnels, highways, metros, expressways and runways, has fixed the price band of   ₹380/-  to   ₹401/-  per Equity Share of face value ₹5/- each for its maiden initial public offer. The Initial Public Offering (“ IPO ” or   “Offer” ) of the Company will open on   Thursday, August 1, 2024 , for subscription and close on   Monday, August 5, 2024 . Investors can bid for a minimum of 37 Equity Shares and in multiples of 37 Equity Shares thereafter. The IPO consists of fresh issue of up to Rs 6,842.52 million and an offer for sale (OFS) of up to 1,41,74,840 equity shares by Promoter Selling Shareholders and Individual Selling Shareholder. The proceeds from the fresh issue,...

Price Band of ₹72/- – ₹76/- per equity share bearing face value of ₹10/- each (“Equity Shares” or “Securities”) Bid/Offer Opening Date –  Friday, August 02, 2024,  and Bid/Offer Closing Date –  Tuesday, August 06, 2024 . Minimum Bid Lot is 195 Equity Shares and in multiples of 195 Equity Shares thereafter. The Floor Price is 7.2 times the face value of the Equity Share and the Cap Price is 7.6 times the face value of the Equity Share Mumbai,  July 29, 2024 :  Bengaluru-based Ola Electric Mobility Limited, a pure EV player in India building vertically integrated technology and manufacturing capabilities for EVs and EV components, has fixed the price band of  ₹72/-  to  ₹76/-  per Equity Share of face value ₹10/- each for its maiden initial public offer. The Initial Public Offering (“ IPO ” or  “Offer” ) of the Company will open on  Friday, August 02, 2024 , for subscription and close on  Tuesday, August 06, 2024 . Investors can ...

  KRAFTON India will sponsor training kits, bags and caps The Paris Paralympics will be held from 28 th  Aug – 8 th  Sept 2024 New Delhi, July 26 th , 2024  – KRAFTON India is proud to announce its partnership with the Paralympic Committee of India for the upcoming Paris Paralympics 2024. This partnership further strengthens KRAFTON India's commitment to supporting the growth of India’s sports ecosystem, extending its support beyond Esports to traditional sports. In this significant partnership, KRAFTON India will sponsor training kits, bags and caps, ensuring that the Indian team is well-equipped as they prepare for the Paris Paralympics. The Indian Paralympic team has consistently brought glory to the nation with their exceptional performances, especially in the Tokyo Paralympics, securing 54 entries and 19 medals. This initiative reflects KRAFTON India's commitment to fostering inclusivity and excellence in sports by supporting para-athletes and celebrating their ...

Telangana-based Standard Glass Lining Technology Limited, one of the top five specialized engineering equipment manufacturers for pharmaceutical and chemical sectors in India, in terms of revenue in Fiscal 2024, has filed its draft red herring prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI) to mop up funds through an initial public offering (IPO).  The IPO, with a face value of ₹10 each, is a mix of fresh issuance of Rs 250 crore and an offer for sale of up to 18.44 million equity shares by promoters and Other Selling Shareholders. The offer for sale consists of up to 5.20 million equity shares by M/s S2 Engineering Services, up to 4.90 million equity shares by Kandula Ramakrishna, up to 4.13 million equity shares by Kandula Krishna Veni, up to 7.65 lakh by Nageswara Rao Kandula, up to 5.04 lakh equity shares by M/s Standard Holdings, up to 5 lakh equity shares by Katragadda Venkata Ramani, 3.50 lakh equity shar...

Delhi-based Event Management Company Mach Conferences and Events Limited providing comprehensive array of services for MICE (Meeting, Incentives, Conferences, Exhibitions) and Events sector, has filed its draft red herring prospectus (DRHP) for its initial public offering (IPO) on the SME platform of BSE Limited (BSE SME). The IPO, with a face value of Rs 10 per equity share, is a mix of fresh issue of up to 22.29 lakh equity shares and an offer of sale up to 33.39 lakh equity shares by Promoters. The offer also includes a reservation for a subscription by market makers in the market maker reservation portion. The Offer for Sale includes sale of equity shares up to 30.04 lakh equity shares by Amit Bhatia, and up to 3.34 lakh equity shares by Laveena Bhatia. The issue is being made through the book-building process, wherein not more than 50% of the net offer shall be available for allocation on a proportionate basis to qualified institutional buyers, not less than 15% of the net offer s...

Friday, 26 July 2024:  State-run insurer Life Insurance Corporation of India (LIC) touched a new lifetime high of Rs 1178.60 on BSE. Prior to this, on 9th February 2024, the stock had hit its lifetime high of Rs 1175 a share. Adding to the remarkable performance, year to date, the stock has given a 38.61% return much higher than the benchmark index, Sensex and Nifty which have given a return of 11.24% and 12.86% respectively. Surging to a new all-time high in  today 's trade, the company's market capitalization reached ₹7.34 lakh crore, securing its position as the eighth-largest listed company in India and the second foremost among government-listed PSU companies after State Bank of India. Taking the stock's current market price of ₹1,171.40 apiece, the stock is trading 21.71% higher than its IPO price. On the other hand, on a year-to-date basis, Private Life Insurers like HDFC Life Insurance Company Ltd rose 6.31%, ICICI Prudential Life Insurance Company Ltd rose 32.93%...

Mumbai/ Bengaluru July 24, 2024:  Bengaluru-based Unimech Aerospace has successfully raised Rs 250 crore from prominent investors Steadview Capital Mauritius Limited, ValueQuest Scale Fund, and Evolvence India Fund IV Ltd at a post-money valuation of Rs 3,250 crores, as a part of the Company's private placement round. Anand Rathi Advisors provided advisory services for this transaction. Unimech Aerospace specializes in manufacturing high-precision tooling for aero-engines and airframes, along with complex high-precision components, assemblies, and electro-mechanical turnkey systems for the aerospace, defense, energy, and semiconductor industries. Their advanced capabilities and commitment to quality make them a trusted partner for some of the global OEMs and Tier 1s in the industry. Reflecting on the fundraise and its utilization, Anil Puthan, Chairman and Managing Director of Unimech Aerospace, said , "From our humble start in 2016 as a bootstrapped team of five, we've gr...

New Delhi, 24 th  July 2024:  Rays Power Infra, a leading player in the solar EPC and turnkey solution sector, proudly announces the successful closure of a fundraising of INR 127 crores as equity capital. The company is also gearing up to file its   IPO Draft Red Herring Prospectus (DRHP)  in the last quarter of the year, setting the stage for further fundraising to support its ambitious growth plans This latest round brings the total funding raised by the company to nearly INR 200 crores over the past few months. The impressive traction received by Rays Power Infra highlights the growing confidence in its vision and execution capabilities. The recent funding round saw participation from a diverse array of investors, including high-net-worth individuals (HNIs), family offices, funds, and partners in Alternative Investment Funds (AIFs). Despite this significant infusion of capital, the company managed to maintain a dilution of less than 5% in this round, demonstratin...

  ~ With its 5th edition, the brand reaffirms its commitment towards educating salonists and beauty professionals  ~ Mumbai, 24 July 2024  - Streax Professional, a trendsetter in professional hair care, dazzled at the 5th edition of its MEGA SHOW 2024 in Mumbai, celebrating creativity and skill in the salon industry. Held at The Lalit on July 22, 2024, this one-day extravaganza showcased cutting-edge techniques and trend-setting styles. The MEGA SHOW 2024 was an immersive experience, providing a dynamic platform for cut, color, and style enthusiasts. The event showcased six extraordinary looks from Streax Professional’s highly anticipated SPECTRUM collection, captivating the audience with its vibrant and versatile themes. Designed to educate and inspire, the event highlighted Streax Professional’s unwavering commitment to enhancing the skills and knowledge of salon partners. It emphasized the brand’s position as a fashion-forward authority in the beauty industry. With han...

New Delhi, 22nd July 2024:  Jakson Green Private Limited, a new energy transition platform, has secured a credit facility of INR 2.96 billion from First Abu Dhabi Bank (Mumbai). This financing will fuel the company's international expansion, with Uzbekistan serving as the first beneficiary for its upcoming solar photovoltaic (PV) and battery storage project. As Jakson Green actively expands its global reach in the Middle East, Africa, Commonwealth of Independent States (CIS) and Europe, this credit facility marks a significant milestone for its entry into Uzbekistan's renewable energy sector. The project includes the construction and operation of a 250 MW solar power plant coupled with an integrated battery energy storage system (BESS) of 63 MW/126MWh. This pioneering project will be situated in Bukhara, Uzbekistan, marking a transformative leap towards sustainable energy infrastructure in the region. Commenting on the partnership,  Mr. Chandan Goswami, Chief Financial Of...

" The Union Budget 2024 has positioned India as a frontrunner in the global solar energy landscape .  By allocating a substantial Rs. 7,327 crore for solar projects and introducing initiatives like the PM Surya Ghar Muft Bijli Yojana, which aims to provide free electricity to one crore households, the government has demonstrated a strong commitment to clean energy.  This budget is a catalyst for the growth of the Indian solar industry, empowering millions of households with access to affordable and clean electricity. Moreover, by supporting ancillary sectors like pump storage and creating a conducive environment for innovation through tax incentives for solar cell and panel manufacturing, the budget has laid a robust foundation for India's energy transition. "  -  Mr Gyanesh Chaudhary, CMD, Vikram Solar Limited. 

This Union Budget is aimed at enhancing employment, skill development, MSMEs, and the welfare of the middle class. By raising the standard deduction and adjusting tax slabs, taxpayers under the new regime will face lower tax burdens, thus improving their disposable income, which bodes well for consumer spending. The introduction of a clause pertaining to non-deductible expenses in Section 37 for life insurance companies may lead to tax litigation. The proposed hike in Capital Gain Tax is expected to impact the tax liabilities for ULIP policyholders. However, the ULIP holders purchasing policies with premium of less than 2.5 lakh p.a. can continue to avail benefits under Section 10 (10D) and are not liable to pay any tax on maturity. The decrease in TDS rate from 5% to 2% on policy payouts is anticipated to boost customers' liquidity, which is a welcome move

“The budget can be termed as progressive aimed at bolstering the solar sector's growth and sustainability and we welcome the budget proposals. The government's commitment to increasing investment in renewable energy was evident through significant allocations for solar infrastructure development, and energy storage solutions. Notably, the custom duty exemption on capital goods for solar cells and panels stands out as a pivotal move. This exemption is expected to lower production costs, making solar energy more affordable and accessible. More than 1.3 Cr registrations and more than 14 lakhs applications under PM Suryaghar initiative is poised to accelerate rooftop solar installations, enhancing energy security and supporting the energy transition. Additionally, the establishment of a carbon market will incentivize reduced emissions, aligning with India's climate goals. These initiatives collectively reflect a forward-looking vision for a sustainable and self-reliant solar ec...

Vipul Shah, Chairman, GJEPC, reacts to the Union Budget presented by Union Finance Minister Smt.  Nirmala Sitharaman on 23 rd  July 2024 Short quote  “The Union Budget 2024 is a game-changer for the gems and jewellery sector. The reduction in import duties on gold and silver to 6% and platinum to 6.4% is a major boost for our industry, enhancing affordability for consumers and competitiveness for the manufacturing sector by releasing working capital. The abolition of the 2% Equalization Levy and introduction of the Safe Harbour Rule on sale of rough diamonds at SNZs will firmly establish India as a global rough diamond trading hub. These combined measures will propel the sector’s growth, generate lakhs of employment opportunities by benefitting the small-scale jewellery manufacturers & exporters and diamond cutters and polishers, thus contribute significantly to India’s vision of becoming a Viksit Bharat by 2047.” Video TransferNow link:  https://www.transfernow....