FINANCE TODAY

Over 85 Super Cars and Super Bikes to race against each other at JK Tyre-backed Drag Star Night Race by Samiksha Mumbai, May :  Over 60 Super Cars and 25 Super Bikes will roar to life on Saturday evening as night racing returns to the vibrant city of Mumbai after nearly two decades. The competitions will take place at the restricted Juhu Airport, once a haven for racing and off-roading among the elite. In keeping with the times, the night offers the modern avatar of racing: Drag Racing. The JK Tyre-backed Drag Star Night Race promises high adrenaline and non-stop thrills as cars and bikes race in pairs along a 400-metre strip. “This is a high-end racing event. Spectators will witness some of the fanciest and fastest cars go against each other. After pioneering the racing movement in India, we are now focusing on exciting motorsports events at such exclusive locations to attract the youth,” Sanjay Sharma, Head-Corporate communication & Motorsport, JK Tyre, revealed. As the Tract...

by samikha   Mumbai, May, 2024: The scion of Lord Shri Ram's lineage, Darwin Platform Group of Companies (DGPC) Founder and Chairman Ajay Harinath Singh has found himself targeted by unseen forces with vested interests. Retaliating to these ‘unseen forces’ the Darwin Platform Chief emphasized that life threats and malicious campaigns, resulting from political vendetta make him more determined to fight the battle and expose them.  The whispers of a conspiracy began years ago, fueled by jealousy and fear of his growing influence in the 2000s. Coming from a Royal family of Sultanpur (Uttar Pradesh), his popularity in the state and Maharashtra unnerved many political parties that used to govern. Aligned with sacred lineage, his passion for nation-building and Hindutva made him popular among people and the BJP, however, this antagonized Congress and their current allies. Questions are many- Was the Congress party, in its bid to maintain its hold on power, orchestrating a campaign t...

by Samiksha Mumbai, India, May 2024: Today, Airbnb is introducing Icons, a new category of extraordinary experiences hosted by the world’s greatest names in music, film, television, art, sports, and more. Icons take you inside worlds that only existed in your imagination—until now. Sleep in the Ferrari Museum. Stay in Prince’s Purple Rain house. Spend a day at Bollywood Icon Janhvi Kapoor’s coastal abode. Today, we're unveiling the first 11 Icons on Airbnb, with new experiences dropping around the world throughout the year.  “Icons bring to life experiences that are magical and truly beyond imagination,” said Amanpreet Bajaj, General Manager, Airbnb India, Southeast Asia, Hong Kong and Taiwan. “As part of the Icons launch, we are thrilled to partner with Janhvi Kapoor for this special campaign, which will offer an unprecedented glimpse into Janhvi's coastal beach home,” he added. As part of the launch, Bollywood superstar Janhvi Kapoor is opening the doors to her family’s estat...

Jamnagar: BSE listed, Sprayking Limited(BSE: 540079) (Formerly  Sprayking Agro Equipment Ltd) ,prominent regional player in the brass manufacturing industry, proudly has announced its milestone  achievement in securing its inaugural sample order for hose nozzles from Flobal Corporation, a distinguished Japanese company with over a century of expertise in supplying piping and tubing components and parts.  With a rich legacy spanning more than 100 years, Flobal Corporation has established itself as a premier  provider of plumbing parts for manufacturing industries worldwide. Boasting a comprehensive catalog of over 2 lac items, including a proprietary brand of stainless steel valves and fittings, Flobal Corporation  has consistently delivered top-quality products to meet the diverse needs of its clientele.  In addition to its extensive product line, Flobal Corporation distinguishes itself by importing and distributing hose clamps sourced from premie...

Established in 1997, Julien Agro Infratech Ltd. has expanded into construction and civil works, which led to a transformation in 2008. 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 quarter ended 31 December 2023, the company announced its revenues at Rs. 546 Lakhs. PAT came in at Rs. 20.51 Lakhs, with EPS standing at Rs. 0.10. In addition to its existing endeavors, the company hopes to expand into real estate development on a large scale. In the fiscal year 2022-23, a strategic decision was made to diversify into the agriculture sector, leading to the transformation into "Julien Agro Infratech Limited." With a comprehensive range of services tailored to its clients' needs, the company provides a comprehensive range of solutions. It offers cost-effectiv...

Forensic Audit found that a charity’s funds were misused by illegal erstwhile trustees  by Samiksha Mumbai, 30th April 2024 :   Mr. Prashant Mehta, Permanent Trustee at Lilavati Hospital & Research Centre, Bandra Mumbai has exposed the financial misconduct revealed in the ongoing investigation  into financial irregularities within the institution . This significant development highlights his dedication to transparency and accountability in handling the results of forensic audits that unearthed a major financial fraud amounting to Rs. 500 crores by erstwhile trustees’  board , making it the serious medical scam. Present during the press conference were Mr. Prashant Mehta- Permanent Trustee,  Mr. Saurav Sharma- Trustee, Mr. Mohit Mathur and Adv. Mohammed Asim Shaikh. Following the order dated December 14, 2023, the Founder Permanent Trustees Mr. Kishor Mehta and Mrs. Charu Mehta have officially appointed Mr. Prashant Mehta, Mr. Rajiv Mehta, Mr. Rajesh Meh...

by Samiksha The Board of Directors of REC Limited, a Maharatna Central Public Sector Enterprise and leading NBFC under the Ministry of Power, today approved the audited standalone and consolidated financial results for the quarter and year ended 31st March, 2024. Operational and Financial Highlights: Q4 FY24 vs Q4 FY23 (Standalone) Revenue from operations: ₹ 12,613 crores vs. ₹ 10,113 crores, up 25% Total income: ₹ 12,643 crores vs. ₹ 10,124 crores, up 25% Net interest income: ₹ 4,407 crores vs. ₹ 3,409 crore, up 29% Net Profit: ₹ 4,016 crores vs. ₹ 3,001 crore, up 34% Total Comprehensive Income: ₹ 5,183 crores vs. ₹ 3,645 crores, up 42% Yield: 10.03% vs. 9.65%, up 38 basis points Average cost of funds: 7.14% vs. 7.17%, reduction by 3 basis points Spread: 2.89% vs. 2.48%, up 41 basis points Net interest margin: 3.60% vs. 3.29%, up 31 basis points Return on net worth: 24.06% vs. 21.34%, up 13% Operational and Financial Highlights: 12M FY24 vs 12M FY23 (Standalone) Total sanctions: ₹ 3,5...