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Revolutionizing Healthcare: SumeetSSG Announces Strategic Initiative for Introducing upgraded fleet ambulances in India

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by Samiksha Mumbai, 2024: SumeetSSG, a joint venture between Sumeet Group Enterprises and Spain-based SSG Matrix today announced their plans to transform emergency medical services in India. Starting in Maharashtra, with a total investment of nearly INR 1600 Cr. to implement the New ‘Maharashtra Emergency Medical Services’ (MEMS) 108 Ambulance Project across the state. SumeetSSG aims to introduce advanced ambulance fleet with specialized medical equipment for use during the critical “golden hour” of emergencies. These advanced ambulances will be equipped with technologies like Mobile Data Terminals (MDT), tablet PCs, RFID, GPS, caller location tracking, CCTV, and TRIAGE systems. Additionally, they will have inbuilt Customer Relationship Management (CRM), Computer-Aided Dispatch (CAD), Vehicle Tracking and Management System (VTMS), and patient arrival intimation systems. The fleet encompasses of advanced life support ambulances (ALS), basic life support ambulances (BLS), neonatal ambula
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Credit growth to moderate, asset quality pressure to rise: ICRA

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by Samiksha • Credit growth for banks to moderate to 12% for FY2025 • NBFCs to also see moderation in growth in AUMs, driven by a slew of regulatory actions • Spillover of stress from unsecured segment to secured segments having similar borrower profile, remains a key monitorable Ratings agency ICRA anticipates the slew of regulatory measures and tighter funding conditions in the domestic markets to result in a steady slowdown in credit growth for the lenders, i.e. banks and non-bank financial companies (NBFCs). ICRA estimates the incremental bank credit growth to slow down to Rs. 19.0-20.5 trillion in FY2025, which will translate into a YoY growth of around 12%, compared to Rs. 22.3 trillion in FY2024 (YoY growth of 16.3%). For the NBFCs, the growth in assets under management (AUMs) is expected to slow down sharply to 16-18% in FY2025 from 25% in FY2024. The recent regulatory actions on certain entities are expected to push others to adjust their business practices and models, which s
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Mishtann Foods Ltd. Reports Robust Earnings for Q2FY25, PAT Jumps 22% YoY

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Mishtann Foods Ltd. (BSE: 539594), India's leading agro-food product company, in its board meeting held on October 25th, 2024 has approved the un-audited Financial Results of the Company for the quarter and half year ended on 30 September 2024. Consolidated Financial Statement Highlights Particulars (Rs. Crores)* Q2FY25 Q2FY24 YoY% Q1FY25 H1FY25 H1FY24 YoY% Revenue from Operations 341.87 318.4 7% 382.67 724.54 612.34 18.32% EBITDA 108.36 90.54 20% 72.69 181.05 163.3 10.87% EBITDA Margin 31.69% 28.44% 326 bps 18.99% 24.99% 26.67% (168 Bps) PAT 106.56 87.43 22% 71.3 177.87 156.34 13.77% PAT Margin 31.17% 27.46% 317 bps 18.63% 24.55% 25.53% (98 bps) For the quarter ended 30 September 2024 (Consolidated), the revenue from operations was reported at Rs. 341.87 Cr, up 7% YoY. The EBITDA came in at Rs. 108.36 Cr (Q2FY25), a growth of 20% YoY. EBITDA Margins grew 326 bps, from 28.44% (Q2FY24) to 31.69% (Q2FY25). PAT grew 22% YoY, from Rs. 87.43 Cr (Q2FY24), to Rs.106.56 Cr (Q2FY25). PAT ma
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Julien Agro Infratech Ltd. Reports Stellar Earnings for Q2FY25, PAT Reported at INR 204 Lakhs

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  Board Approves 1:2 Stock Split Julien Agro Infratech Ltd., a growing player that has expanded into construction and civil works, has announced stellar earnings for the quarter and half year ended 30 September 2024. For Q2FY25, the company reported its total revenue at INR 3070.86 Lakhs, with PAT reported at INR 204.08 Lakhs. EPS was reported at INR 1.03 per share (~Annualized INR 4). Further, the company’s board approved a 1:2 sub-division/ split of the equity shares of face value of Rs. 10 to Rs. 5, subject to approval of the Shareholders of the Company. The company has fixed 01 November 2024 as record date for its interim dividend. As a result of the company’s dual focus on marketing and construction/civil works, turnover and profit have seen steady growth. Under the guidance of a seasoned board of directors, the company diligently safeguards its net worth and oversees its operations. For the year ended 31 March 2024, the company reported its revenues at Rs. 2134.70 Lakhs. In addit
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Seclore Sets a New Compliance Standard for Navigating Complex Global Regulations with Data-Centric Security

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  by Samiksha At Security Now 2024, Seclore highlighted a new compliance standard focused on RBI Guidelines for Data Security, DPDPA Compliance, and Data Security in GenAI. As global frameworks become increasingly complex, organizations worldwide are turning to data-centric security solutions to effectively meet, manage, and report on compliance requirements, seeing significant benefits in the process. Mumbai, October 25th, 2024 – Seclore, the leading provider of data-centric security solutions, sets a new standard for enterprises worldwide by providing enhanced compliance controls and reporting capabilities that give companies an unparalleled ability to meet and exceed current and emerging cybersecurity and data privacy regulations. The Seclore Data-Centric Security Platform protects the data itself, so each piece of data gets its own layer of security, authentication, visibility, and control. This level of protection and visibility helps organizations keep sensitive information safe
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Mindspace REIT Secures Prestigious Title of ‘Global Listed Sector Leader – Office Development Benchmark’ for the 2nd Consecutive Year

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by Samiksha   REIT outperforms GRESB and Peer Average Scores for both Office Development and Standing Investment Benchmarks; scores 99/100 and 91/100 respectively   Receives GRESB 5 Star Rating for the 3 rd  Consecutive Year   India, Mumbai, October 23, 2024  Mindspace Business Parks REIT (BSE: 543217 | NSE: MINDSPACE) (‘Mindspace REIT’), owner and developer of quality Grade A office portfolio, receives the coveted title of ‘Global Listed Sector Leader – Office Development Benchmark’, for the 2nd consecutive year. The REIT surpassed GRESB and peer average scores, achieving of 99/100 in the Office Development Benchmark and 91/100 in the Standing Investment Benchmark. Driven by Mindspace REIT’s strong commitment to ESG integration, the REIT secured a Green Star and 5-Star rating for the 3rd year in a row, marking a significant milestone in its performance growth. It also achieved a flawless 70/70 in the performance component of the Office Development Benchmark, earning 3rd place in Asia
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Phoenix Marketcity Pune celebrates ‘Saga of Ancient Feathers’ Festive Décor

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by Samiksha An Enchanting Tribute to Tradition and Creativity, Marking the Beginning of Diwali Celebrations Pune, 23 rd  October’24:   Phoenix Marketcity, Pune  has kicked off Diwali celebrations with the stunning celebration of ‘Saga of Ancient Feathers’ an awe-inspiring celebration of tradition, literature, and artistic expression. The celebration showcases a series of extraordinary installations, blending cultural heritage with modern aesthetics, and has transformed the mall into a vibrant haven for shoppers, visitors, and art enthusiasts alike. A Feast for the Senses: The Installations The centerpiece of this magnificent décor is ‘The Timeless Quill’, a towering 35-foot sculpture. Featuring two intricately designed vintage quills adorned with delicate carvings and mirror mosaics, the installation stands as a symbol of creativity and the power of words. The luminous sculpture casts poetic inscriptions into the air, captivating visitors with its ethereal glow and Diwali-inspired symb
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