Posts

Showing posts from August, 2024

Mach Conferences and Events Limited IPO Opens On 04th September, 2024

Image
Total Issue Size – 55,68,000 Equity Shares of ₹ 10 each Fresh Issue - 22,29,000 Equity Shares  Offer For Sale - 33,39,000 Equity Shares Issue Size – ₹ 125.28 Crores (At Upper Band) Price Band – ₹ 214 - ₹ 225 Per Share Lot Size – 600 Equity Shares Mumbai, August 29 th , 2024  – Mach Conferences and Events Limited specializes in providing end-to-end event management solutions within the MICE industry, proposes to open its Initial Public Offering (IPO) on September 04 th , 2024. The company is aiming to raise ₹ 125.28 Crores at the upper band through this IPO, with shares set to be listed on the BSE SME platform. The Issue Size is 55,68,000 including 22,29,000 Fresh Issue equity shares and 33,39,000 Offer For Sale at face value of ₹ 10 each. Equity Share Allocation QIB (including Anchor Portion) – Not more than 26,31,600 Equity Shares High-Net-Worth Individual (HNI) – Not less than 7,91,400 Equity Shares Retail Individual Investors (RII) – Not less than 18,45,000 Equity Sh...

KPMG in India concludes the second edition of ESG Conclave and Awards 2024 on a high note

Image
  The winners were felicitated by Shri Deepak Vasant Kesarkar, Honourable Cabinet Minister for School Education and Marathi Language, Government of Maharashtra Mumbai,  30 August 2024 , The second edition of KPMG in India’s  ESG Conclave and Awards 2024   concluded on a high note with a full house turnout, that saw companies being honored for their leadership, innovation, and commitment to sustainable business practices. The event centered on the theme of Green and Inclusive Growth, highlighted that in  today ’s environment, companies must  reflect  upon their learnings,  adapt  to be flexible, and  evolve  proactively with a forward-looking mindset real time for a sustainable future. The event saw participation from a plethora of voices representing policymakers, investors ratings agencies, global think tanks, business owners, and business leaders. The participants agreed that , today the urgency to tackle climate change has n...

LIC OF INDIA HANDS OVER DIVIDEND CHEQUE TO GOI

Image
Shri Siddhartha Mohanty, CEO & MD, LIC of India,  today  presented the Dividend cheque of Rs.3662.17 Crores to Honourable Smt. Nirmala Sitharaman, Union Minister of Finance and Corporate Affairs, as the Government of India’s share of Dividend, approved by the Shareholders in the Annual General Meeting held on 22.08.2024.  Dr. M P Tangirala, Additional Secretary, GOI, Ministry of Finance, Dept of Financial Services was present along with Officials from Life Insurance Corporation of India, Shri M Jagannath ,MD, Shri Tablesh Pandey, MD, Shri Sat Pal Bhanoo, MD, Shri R Doraiswamy, MD and Shri J.P.S.Bajaj ,ZM(I/C),Northern Zone. LIC also paid Interim Dividend of Rs. 2441.45 Crores on 1st March 2024, thus totaling to Rs. 6103.62 Crores paid as dividend to Government of India for the year 2023-24.  LIC is completing 68 glorious years since its incorporation and as at 31.03.2024 has an asset base of over Rs.52.85 Lakh Crores. It continues to be the market leader in the I...

Kerala Tourism clocks sharp rise in domestic arrivals, uptick in foreign tourist visits Unfolds new products ahead of festivals & holiday season

Image
Mumbai, August 28:  Riding on a high-growth trajectory, Kerala Tourism has unfolded a range of fresh products and packages to whip up new interest among travellers from both inside the country and outside in the upcoming festive and winter holiday seasons. Alongside the new projects, the state’s core assets like beaches, hill stations, houseboats and backwater segment will continue to have a mesmeric charm for the visitors. Kerala’s unique touristy appeal lies in providing a diverse range of experiences for tourists like houseboats, caravan stays, plantation visits, jungle lodges, homestays, Ayurveda-based wellness solutions, adventure activities, countryside walks, and trekking to verdant hills. Kerala’s resilience in putting its pandemic-hit tourism industry back on the rail is evident from an appreciable surge in domestic arrivals. In pre-COVID times, it was the year 2019 when the state registered the highest growth rate in domestic and total tourist arrivals in 24 years with th...

Hope and Healing for Rare Cancer Patients

Image
Apollo Hospitals Navi Mumbai Launches RareCare Clinic Mumbai,  29 August 2024 :  For patients grappling with the uncertainty and fear that come with rare cancers, finding the right diagnosis and care can feel like an overwhelming challenge. At Apollo Hospitals’ RareCare Clinic, hope is now within reach. The specialized clinic, located at the Apollo Hospitals in Navi Mumbai, is dedicated to providing comprehensive, compassionate care to those facing the unique struggles of rare and challenging cancers which are often wrongly diagnosed & treated leading to poor outcomes for the patient. Rare cancers, though individually uncommon with an incidence of 6 in 100,000, collectively represent a significant 20% of all cancer cases. With over 200 identified types, these cancers often leave patients feeling isolated and uncertain due to the lack of available data on diagnostic processes and treatment protocols. Rare cancers include Bone and soft tissue sarcomas (Desmoid tumors), Skin ...

JUICE Cosmetics presents the finalists for “Face of Juice TOP 5” and celebrates 40 outstanding individuals with exclusive, personalised shades

Image
JUICE Cosmetics proudly announced their “Face of Juice TOP 5,” highlighting the exceptional creativity of their finalists. JUICE Cosmetics celebrated a decade of excellence in the beauty industry with the launch of their 'Wish A Color, We Deliver' contest, empowering women to create unique nail polish shades that reflect their individuality. The contest received an enthusiastic response nationwide,   resulting in forty winners whose custom shades were crafted and delivered within two months. The winners, representing cities such as Ahmedabad, Bangalore, Lucknow, Jaipur, Surat, Delhi, Hyderabad, Kerala, and Assam, received exclusive hampers featuring their personalized nail polish and were showcased on JUICE Cosmetics' Instagram and website. This contest demonstrated JUICE Cosmetics’ dedication to customer engagement and personalized beauty solutions. Mr. Amrit Kamra, Project Lead at JUICE Cosmetics, stated,  "It has been incredible to see the diversity of submissions f...

10th Edition of India Rough Gemstones Sourcing Show 2024 Inaugurated in Jaipur: GJEPC

Image
29th August 2024 , Jaipur:  The 10th Edition of the India Rough Gemstones Sourcing Show 2024 (IRGSS), organized by the Gem & Jewellery Export Promotion Council (GJEPC), was inaugurated on 27 th  August in Jaipur by Shri Neeraj Dubey, Additional Commissioner of Customs, Jaipur in the presence of Shri K. M. Meena, Assistant Commissioner of Customs, Air Cargo Complex (ACC), Jaipur, along with key industry representatives. The show is being held at 5th Floor, Mall 21, Bhagwan Das Road, C-Scheme, Jaipur. The inauguration ceremony was also attended by Shri Nirmal Bardiya, Regional Chairman, GJEPC; Shri B. N. Gupta, Convener, SFT/SS/CFJ Panel; Shri Vijay Kedia, Shri Rambabu Gupta, Shri D P Khandelwal, members of the Regional and Coloured Gemstone Committee, GJEPC. The Customs officials were warmly welcomed by the GJEPC representatives and other trade members present at the event. Speaking about the show, Shri Vipul Shah, Chairman, GJEPC said,  "It's gratifying to witness the...

From 0 orders on Day 1 to 300,000 Restaurant Partners Today: Swiggy’s CEO and founder Sriharsha Majety reflects on the company’s 10-year journey

Image
Mumbai, 28 th  August 2024: As Swiggy, India’s leading on-demand convenience platform, celebrates its 10th anniversary this August, CEO and Co-founder Sriharsha Majety reflects on a decade of transformation and growth. In his recent LinkedIn post, Sriharsha shared his insights on the company’s remarkable journey and expressed gratitude to the restaurant partners whose early support was pivotal in making Swiggy a household name across the country. Sriharsha recounted the challenges of convincing restaurant owners to join Swiggy back in 2014, during a time when online food delivery was still a new concept. Despite the hurdles, the faith of these early partners, whom he considers core founding members, was instrumental in shaping the food delivery landscape in India. He shared that Swiggy started with zero orders on Day 1, receiving its first-ever order just the following day, marking the start of an incredible journey. Read the post here - When we launched Swiggy on August 6, 2014, w...

Utkarsh Small Finance Bank and Super.money announce a UPI linked secured co-branded credit card in partnership with NPCI

Key Highlights: - ·          Co-Branded credit card unveiled in partnership with Utkarsh Small Finance Bank ·          Integrates UPI functionality with a secured credit card on the RuPay network Users can obtain the credit card backed by a  fixed deposit as low as Rs. 100; earning attractive interest on FD apart from enjoying powerful benefits of the credit card Offers best-in-class rewards on most merchant transactions across UPI, POS and ecommerce Mumbai–  August 28, 2024 : Utkarsh Small Finance Bank  along with  super.money  a credit-first UPI platform,  today  unveiled its co-branded credit card. The credit card supports regular merchant payments as well as UPI transactions using super.money’s ‘Scan & Pay’ feature. The announcement comes at a time when UPI integration  has significantly boosted the adoption of credit cards in India.  As per recent reports...

TANISHQ AND DE BEERS FORGE STRATEGIC COLLABORATION TO BOOST INDIA’S NATURAL DIAMOND JEWELLERY MARKET

Image
  As India becomes the world’s second largest market for natural diamond jewellery, industry leaders De Beers and Tanishq unite to connect even more people to its enduring value De Beers Group, the world’s leading diamond company, and Tanishq, India's largest jewellery retail brand from the Tata group,  today  announced a long-term strategic collaboration to connect more Indian consumers with the rarity and preciousness of natural diamonds and amplify the growing opportunity in the Indian market. With a vibrant economy, a growing middle class and discerning   consumers   who seek jewellery with enduring value, demand for natural diamond jewellery from Indian consumers has surged recently and now represents 11 per cent of global demand. This has seen India replace China as the second largest market in the world for natural diamond jewellery. With diamond acquisition rates in India well below those in mature markets such as the US, this provides a significant oppo...

Orient Technologies IPO debuts with 40% premium on the exchange; Hit Upper Circuit on Listing Day

Image
Mumbai,  August 28, 2024 :  Shares of Orient Technologies Limited debuted on the exchange listing at a 40% premium. higher than the IPO’s issue price of Rs 206. At the time of closing the stock was locked in upper circuit with only buyers with a total bid for 8,98,578 shares on NSE. The scrip listed at Rs 290 per share on BSE, a premium of 40.7% and at Rs 288 per share on NSE, a premium of 39.81%. The company's share price closed at Rs 304.45 per share on the BSE, and at Rs 302.40 per share on the NSE. As per NSE, the total quantity traded stood at 27.32 lakh shares, on BSE the total Quantity stood at 6.22 lakh shares. Total Turnover (BSE+NSE) on Day 1 stood at Rs 98.74 crore. The Market Capitalization of the Company at  today ’s closing price stood at Rs. 1,267.78 Crore as per BSE and Rs. 1,259.25 Crore as per NSE. The Initial Public Offering of Orient Technologies Limited had garnered substantial interest, and the offer was subscribed 151.71 times. Qualified Institution...