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Showing posts from August, 2024

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

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by Samiksha  ● 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 , 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 04th, 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) – ...

Apollo Hospitals Navi Mumbai Launches RareCare Clinic

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 by Samiksha Hope and Healing for Rare Cancer Patients 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 cancer,...

Further Concessions for housing registrations likely: Mr Atul Save, Maharashtra Housing Minister

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by Samiksha  Calls the developers to invest in building 1.25 lakh houses for Mill Workers  Amnesty scheme for stalled SRA projects and  New PAP Policy for timely completion of redevelopment projects Soon: Valsa Singh Nair, Additional Chief Secretary, Housing Department, Government of Maharashtra  NAREDCO Maharashtra Urges the Government to allocate 5000 slum redevelopment projects  Mumbai, 29th August, 2024:  In order to boost affordable and overall housing in the State, the Maharashtra Government may consider the real estate developers' demand of granting further concessions in registration and stamp duty, informed Mr Atul Save, Minister of Housing, Government of Maharashtra while inaugurating the third edition of 'The Real Estate Forum 2024' in Mumbai today.  "Naredco Maharashtra, on behalf of its developer members, have requested for further concessions in stamp duty and registration of housing properties in order to boost housing sales. The Governm...

11th World Congress on Prevention of Diabetes to focus on Urgent Need for Diabetes Prevention

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  To Focus on Urgent Need for Diabetes Prevention by Samiksha The 11th World Congress on Prevention of Diabetes  and its Complications along with Diabetes Research & Solutions will be held from 30th August, 2024 to 1st September, 2024 at The Westin Mumbai,under the aegis of Mumbai Diabetic Care Foundation. This International gathering aims to provide latest updates on prevention of diabetes and it’s complications amongst persons with both type 1 and type 2 diabetes and provide a unique opportunity for healthcare professionals from across the country to share the latest scientific advances in the field based on their expertise and experience and help to develop strategies for advancing our efforts to treat and prevent diabetes related complications. Several leading Doctors, worldwide including Prof. Jaakko'S Tuomilehto,Prof. Pablo Aschner Montoya,Prof. Peter Schwarz,Prof. Noel Barengo, etc will be addressing and discussing latest techniques in Diabetes care and prevention. ...

S P Jain Group Expands Global Footprint to the United States with Acquisition of California Miramar University

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by Samiksha Wednesday, 28th August 2024: The S P Jain Group, a leader in global business education, today announced its acquisition of California Miramar University (CMU), marking a strategic expansion into the United States. The announcement was made during a press conference celebrating the launch of CMU's new campus in San Jose, Silicon Valley. This strategic move strengthens the S P Jain Group's global presence, now offering students the opportunity to study across campuses in Singapore, Dubai, Sydney, India, London, and the United States. Additionally, students will have the option to graduate with a US degree. At the San Jose location, CMU will offer cutting-edge undergraduate and postgraduate programs in Artificial Intelligence, including an MBA and MS in Artificial Intelligence. These programs are accredited by the Distance Education Accrediting Commission (DEAC) and approved by the US Department of Education. Graduating students will be eligible to apply for Opt...

FIIs Ebisu Global Opportunities Fund, Minerva Ventures Fund Pick Up Stake in Rama Steel Tubes Ltd.

Rama Steel Tubes Ltd. (RSTL) (BSE: 539309, NSE: RAMASTEEL) is a pioneer and leading manufacturer in the steel tubes & pipes and G.I. pipes in India with nearly five decades of experience. As per bulk deal data available on NSE, Ebisu Global Opportunities Fund Ltd. And Minerva Ventures Fund have picked up stake in Rama Steel Tubes Ltd. Both funds hold stake in other notable companies. Recently, the company announced that its board approved the Incorporation of a defence related wholly owned subsidiary with the proposed name “Rama Defence Pvt. Ltd.” The proposed wholly owned subsidiary to be incorporated in India shall carry out business in the field of Defence Sector. Earlier, the company had announced that is strategically well- positioned to leverage strong domestic steel demand by increasing a Manufacturing Capacity ~ AT ANANTPUR, ANDHRA PRADESH through its Wholly Owned Subsidiary “Lepakshi Tubes Private Limited”. The company is strategically well- positioned to leverage strong do...

Axis Mutual Fund Launches 'Axis Consumption Fund' (An Open-Ended Equity Scheme following Consumption Theme)

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by Samiksha chogule  Highlights: • Category: Thematic • Benchmark: NIFTY India Consumption TRI • Fund Managers: Mr. Hitesh Das, Mr. Shreyash Devalkar, and Ms. Krishnaa Narayan (For Overseas Securities)  • NFO open date: 23rd August 2024 • NFO close date: 06th September 2024 • Minimum Application Amount: Rs.100 and in multiples of Rs.1/- thereafter • Exit Load: o If redeemed/switched out within 12 months from the date of allotment:  For 10% of the investment: Nil  For the remaining investment: 1%  o If redeemed/switched out after 12 months from the date of allotment: Nil • Typical Investment Horizon: 5+ years Mumbai, August , 2024: India's economic landscape is undergoing a rapid transformation fuelled by rising incomes, urbanization, and burgeoning middle class. To harness the power of India’s thriving consumption sector and to offer investors a strategic opportunity to benefit from the country’s escalating consumer demand, Axis Mutual Fund, ...

Samantha Ruth Prabhu on Inviting Aamir Khan to Play Pickleball

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by Samiksha  Samantha Ruth Prabhu recently attended the World Pickleball League launch in Mumbai, where she expressed her interest in inviting Aamir Khan for a game. Growing up in a middle-class family where the focus was on academics, Samantha discovered a passion for pickleball. Her next appearance will be in Citadel: Honey Bunny, set to release on November 7, 2024. "I think Aamir Khan, because I believe he has already shown interest in this sport, and why not aim high?" she remarked. Samantha also touched on her personal journey, explaining how her upbringing in a middle-class family, where academics took precedence over sports, led her to stumble upon and fall in love with pickleball. “Pickleball is a sport that isn’t intimidating and is accessible to everyone. Even at my age, I can still pick it up,” she mentioned. The World Pickleball League, founded by CEO Gaurav Natekar, seeks to raise the sport’s profile and introduce it to a wider audience, with Samantha’s involveme...

Adv. Ashish Shelar unveils a series of sculpture at Bandra West

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by Samiksha  Mumbai, August 17, 2024: Adv. Ashish Shelar, President, MLA – Bandra West Vidhan Sabha and Mumbai BJP President unveiled a series of sculpture at Bandra West with Harsh Jagwani, Managing Director, Notandas Realty and Mahesh Notandas Jagwani, Chairman, Notandas Realty today at an event to support the beautification of infrastructure and roads in Bandra. The bustling suburb of Bandra received remarkable addition as #BandraWest is one of a prime suburb. The sculptures were designed by Artist Sangeeta Babani. The sculpture strategically positioned at the junction of Waterfield and Gurunanak Road is a testament to the growth and cultural richness of Bandra. Notandas Realty is at the forefront for ensuring dynamic developments in the suburb and neighborhood areas and their projects exuberates luxury elements for a vibrant livelihood. Notandas Realty have undertaken beautification projects in the past at Pali Hill, Bandra and plan to make more in the suburb. About Notandas Re...

IPCA Laboratories Ltd launches Diulcus to address Diabetic Foot Ulcer (DFU) in India

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  by Samiksha  - Diulcus, developed by NovaLead Pharma, shows promising results in clinical trials with a 77.20% ulcer closure rate - Approved by CDSCO and partially funded by BIRAC Mumbai, August 16, 2024: As per the ICMR-INDIAB (2023) study, 10 crore people in India suffer from diabetes, with an additional 13.6 crore people affected by pre-diabetes. This significant health concern positions India to become the diabetes capital of the world by 2030. In response to this serious healthcare challenge, IPCA Laboratories Ltd proudly announces the launch of Diulcus, a novel product aimed at addressing the challenges of Diabetic Foot Ulcer (DFU) in the Indian market. Diulcus, developed by NovaLead Pharma Pvt Ltd, a pioneer in drug repurposing, represents a significant advancement in the management of DFU. The product has received approval from the Central Drugs Standard Control Organization (CDSCO) and was partially funded by the Biotechnology Industry Research Assistance Counci...

Davangere Sugar Company Limited Looks to Leverage Ethanol Production Capabilities to Achieve India’s Blending Targets

During the Financial year 2024-2025, Davangere Sugar Company Limited (BSE: 543267, NSE: DAVANGERE) plans to produce Ethanol primarily from maize and other damaged grains until the crushing season begins in October 2024. The government called on sugar mills to explore alternatives to sugarcane for ethanol production, pushing for a multi-dimensional approach to biofuel manufacturing. Speaking at an event organised by the National Federation of Cooperative Sugar Factories (NFCSF), Amit Shah said India would achieve its 20 per cent ethanol blending target by 2025-26, ahead of the original 2030 deadline. The minister highlighted that the government’s ethanol blending programme has helped reduce the country’s crude oil import bill and address environmental concerns. “You need to be futuristic and look at opportunities and expand. Ethanol can be made from multiple sources,” Shah said, urging cooperative sugar mills to shed their “orthodox” approach and explore alternative feedstocks such as m...

Sh. Vivek Kumar Dewangan, CMD, REC receives ‘Distinguished Fellow’ Award 2024 by Institute of Directors

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by Samiksha Gurugram, Aug 2024:  Sh. Vivek Kumar Dewangan, IAS, CMD, REC Limited received ‘Distinguished Fellow’ Award at the 2024 Director's Conclave & 34th IOD Annual Day. The Institute of Directors organized this esteemed event to recognize and honor the exemplary leadership and contribution of individuals in the corporate sector. The ‘Distinguished Fellow’ Award was presented to Sh. Dewangan by the Hon’ble Union Minister of State (I/C) for Law & Justice, and Parliamentary Affairs, Sh. Arjun Ram Meghwal, acknowledging his outstanding dedication and innovative approach towards leading REC Limited to new heights of success. The award recognises Sh. Dewangan’s visionary leadership towards fostering infrastructure growth and innovation, and promoting all round prosperity. His contributions have further strengthened India’s global position in the energy sector. Sh. Dewangan said, “I am deeply humbled and honored to receive the Award. This accolade is a reflection of our colle...

Sprayking Ltd. Reports Stellar Q1FY25 Earnings, PAT Jumps 126% YoY

Sprayking Limited. ( BSE: 540079 ), a leading player engaged in the manufacturing of brass components and parts, has announced its earnings for the quarter ended 30 June 2024. For Q1FY25, Revenue stood at Rs. 3586.08 Lakhs, showing a steady growth of 119.17% YoY. EBITDA came in at Rs. 444.30 Lakhs. The company reported a Profit Before Tax (PBT) of Rs. 329.87 Lakh for the quarter, reflecting a robust growth compared to the previous quarter and a substantial improvement from the same period in the previous year. Basic Earnings Per Share (EPS) for the quarter were Rs. 0.44, and Diluted EPS stood at the same value. The total comprehensive income for the quarter was Rs. 234.76 Lakh, including both profit and other comprehensive income, recording a growth of 126% YoY. Earlier, that its board has approved issue of Bonus shares to the equity shareholders of the Company, in the ratio of 1:1. This significant move underlines the company's commitment to rewarding its investors and signifi...

Vedic Shrushti's Founder Introduces Traditional Cold Pressed Oils to Modern Consumers

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by Samiksha At just 22 years old, Vrushabh Chetan Kakaria has already made a significant mark in the entrepreneurial world with the launch of Vedic Shrushti, a brand committed to delivering pure, high-quality products to consumers. Founded in 2020, right before the onset of the COVID-19 pandemic, Vedic Shrushti quickly gained recognition for its dedication to offering natural, preservative-free products. Vedic Shrushti began with the production of Wood Cold Pressed Oils, employing a traditional extraction method that is over 100 years old. These oils are produced by crushing seeds in a wooden ghani at a low RPM, ensuring they remain unheated and retain their full nutrient profile. Unlike many commercially available oils, Vedic Shrushti's offerings are non-filtered, preserving the natural essence of the ingredients. In addition to their signature oils, Vedic Shrushti has expanded its product line to include Himalayan pink salt, jaggery and jaggery powder, saffron, and other natural ...