Bright News

  Supermarket Chain Patel Retail Limited, operating in tier-III cities and nearby suburban areas under the brand “Patel’s R Mart”  has raised Rs 15 crore from individual investors. As per a public announcement made by the company dated November 28, 2024, the company, in consultation with the lead banker, had issued 5,00,000 equity shares to individual investors at an issue price of Rs 300 per equity share aggregating to Rs 15 crore.   Accordingly, the size of the fresh issue has been reduced by 5,00,000 equity shares and the revised fresh issue stands at 85,18,000 equity shares.   According to the DRHP filed in April 2024, the public issue  with a face value of Rs 10 per equity share, is a mix of fresh issue of shares of up to 90.18 lakh and an offer for sale up to 7.68 lakh by Dhanji Raghavji Patel and up to 2.34 lakh equity shares by Bechar Raghavji Patel.   The proceeds from its fresh issuance to the extent of Rs 60 crore will be utilized for repayment/p...

  Indian consumers can now make informed decision while buying ‘diamonds’ leading to increased consumer confidence Marketers can use laboratory-grown, laboratory-created, and other clear terms to describe lab-grown diamonds GJEPC, on behalf of all Indian gem & jewellery trade, has urged Union Government and Ministry of Consumer Affairs to align the new definition of ‘diamonds’ and ‘lab grown diamonds’ to the consumer laws of the country. The Gem & Jewellery Export Promotion Council (GJEPC), apex body for the gem & jewellery trade in India, has adopted the new mandated definition, nomenclature and guidelines for diamonds specified by the Federal Trade Commission (FTC) of the United States (U.S.). The FTC’s updated guidelines provide a clear, standardised definition of ‘diamond’ and distinct terminology for laboratory-grown diamonds, ensuring clarity and transparency for both industry stakeholders and consumers. GJEPC’s members will ensure compliance with the new definiti...

Global brokerages, including Citi, Goldman Sachs, HSBC, and  BoFA  Securities, maintain a positive   outlook on Ola Electric, citing its leadership in India's EV sector and long-term growth potential.   Citi’s Key Observations   Citi, in its latest report, assigns a "Buy" rating with a target price of ₹90, spotlighting Ola's 38%   market share in the two-wheeler EV space (FY25 YTD). The brokerage sees upcoming launches of   motorcycles and electric three-wheelers as major growth drivers. While service quality   challenges persist, Citi believes supply chain improvements will addr...

  Black  Friday  deals on its diverse range of laptops across multiple categories including gaming, creation, and hybrid work HP announces Black  Friday  deals on its  latest range of laptops and desktops . This limited-time sale runs from  27th November to  2nd December 2024 , providing consumers with the perfect opportunity to upgrade their tech.   Consumers can enjoy significant savings on the new AI laptops, as well as popular models from the Omen, Victus, Spectre, Pavilion, and Envy series. These offers are available on all HP laptop models priced above Rs. 79,999, ensuring a wide selection of premium devices to choose from [1] .   These exclusive offers are available at HP World Stores and all HP-authorized offline sellers. HP is offering two cashback deals for purchases made using HDFC credit or debit cards on EMI [2] :   Cashback of Rs. 5,000:  This offer is available for transactions of Rs. 79,999 or more. The cashback...

Honasa Consumer Limited, home to renowned brands like Mamaearth, The Derma Co., Aqualogica, Bblunt, Dr. Sheth's, and Staze Beauty, today announced the elevation of Vipul Maheshwari as   Senior Vice President - Product and Data Analytics.  This strategic appointment underscores Honasa's focus on leveraging data-driven innovation to reshape India's beauty and personal care landscape.   Vipul has been an integral part of Honasa for the past four years, bringing extensive experience in analytics and data science to manage the complete data lifecycle—from efficient collection to advanced analysis. By leveraging data analytics to monitor business health and address challenges proactively, Honasa has built a robust framework that supports sustainable, data-driven solutions. In his new role, Vipul will lead this continued integration of advanced analytics for product development, further enhancing Honasa’s diverse brand portfolio.   Commenting on the appointment,  Varun...

Introduced in collaboration with ArcPlay.ai, Josh is tapping into the booming mobile gaming trend to enhance monetization opportunities   Josh, India's fastest-growing and most engaged short-video app, has unveiled an exciting new in-app feature— Instant Games —designed to enhance user interaction and drive revenue growth. Launched in collaboration with ArcPlay.ai, a plug-and-play SDK for mobile apps, Instant Games introduces users to a fun and interactive way to earn rewards, amplifying engagement while unlocking untapped monetization potential. Featuring trending gaming titles spanning genres such as action, adventure, arcade, and puzzle, the feature promises something for everyone. With India boasting over 591 million gamers, the introduction of Instant Games leverages the vast potential of casual gaming. This new feature introduces instant, ad-supported games that reward users with "Jems," Josh's in-app virtual currency, for their achievements, promoting longer ap...

                                   ~From hairstyling products to expert tips, renowned hairstylist Aalim Hakim has all the answers~                          Set Wet, a leading brand in men’s grooming, has teamed up with the esteemed hairstylist Aalim Hakim to introduce an exciting new video series  – Set Wet x Aalim Answers.  This unique series brings a fresh, insightful approach to common hairstyling questions faced by today’s youth.   Achieving that perfect look is key to building confidence, yet navigating the world of hairstyling can feel overwhelming. For many young people, knowing how to choose and use the right products, interpret trends, and selecting the right style can be a challenge. Set Wet x Aalim Answers, aims to simplify hairstyling by addressing common questions, from product recommendati...

  Senores Pharmaceuticals Inc. and Dr. Reddy's Laboratories, Inc. today announced the launch of Ivermectin Tablets USP, 3 mg, which is bioequivalent and therapeutically equivalent to STROMECTOL® Tablets of Merck Sharp and Dohme LLC in the U.S. market. The product will be marketed by Dr. Reddy's.   “We are pleased to advance our growth with the launch of a limited-competition product. With our continuous focus on niche opportunities, we are proud to be the second generic to receive approval for this product," stated Swapnil Shah, Managing Director, Senores Pharmaceuticals Limited.   Ivermectin Tablets, 3 mg brand and generic products, had U.S. sales of approximately $20 million MAT for the twelve months ending in September 2024 according to IQVIA.   Senores has long term marketing arrangements with prominent foreign and Indian pharmaceutical companies including Dr. Reddy’s Laboratories Inc., Prasco LLC, Lannett Company Inc., Jubilant Cadista Pharmaceuticals Inc., Alke...

  Jakson Green Infinity has shipped 3.8 MW electrolysers, to power India’s inaugural green hydrogen refueling station for urban mobility in the National Capital Region (NCR) Jakson Green INFINITY, a leading Electrolyser manufacturing arm of Jakson Green, today announced a significant milestone in India’s green hydrogen journey. The company has successfully shipped its first batch of 3.8 MW electrolysers, which will be deployed further to power India’s inaugural green hydrogen refueling station for urban mobility in the  National Capital Region (NCR) , India's leading power generation company. This achievement marks a pivotal moment in company’s commitment to driving the adoption of green hydrogen in India. Electrolyser technology, manufactured at its state-of-the-art facility in Greater Noida, will play a crucial role in producing clean, hydrogen fuel for vehicles and various other green applications. The imported electrolyser stack was integrated with the Balance of Plant com...

Mr. Siddhartha Mohanty, CEO and MD of LIC of India, along with Mr. Salil Vishwanath, Executive Director (HRD), Mr. Aditya Gupta, Executive Director (Corporate Communications), Mr. J.P.S. Bajaj, Zonal Manager of LIC Northern Zone, and the Senior Divisional Managers of the Jaipur Division, inaugurated the All India LIC Games 2024 at the Sawai Mansingh Stadium in Jaipur.   Mr. Siddhartha Mohanty, CEO and MD, LIC of India inaugurated the All India LIC Games, 2024 at the Sawai Mansingh Stadium in Jaipur today. This annual sports festival of Life Insurance Corporation of India, which will run for four days, will be conducted in six disciplines viz., Carrom, Chess, Table tennis, Badminton, Volleyball and Athletics. Also present on the occasion were Mr. Salil Vishwanath, Executive Director (HRD), Mr. Aditya Gupta, Executive Director (Corporate Communications), LIC Northern Zone Zonal Manager Mr. J.P.S. Bajaj and Senior Divisional Managers, Jaipur Division.  While addressing the p...

  Amrita Vishwa Vidyapeetham received international recognition for its exemplary tsunami relief efforts during the second International Tsunami Symposium, organized by the UNESCO Intergovernmental Oceanographic Commission (IOC) under the United Nations. The symposium, held in Banda Aceh to mark the 20th anniversary of the 2004 tsunami, brought together global experts, researchers, and humanitarian organizations under the theme “Aceh Thanks the World.” Representing the university and Mata Amritanandamayi Math, Dr. Maneesha Ramesh, Provost of Amrita Vishwa Vidyapeetham, highlighted the significant relief and humanitarian work undertaken during the 2004 disaster. She noted, “The initiatives led by our Chancellor, Mata Amritanandamayi Devi, have been recognized as global models of effective disaster response, drawing attention and commendation from various countries and research bodies. These efforts continue to be studied and discussed even after two decades, showcasing the lasting i...