FINANCE TODAY

 by Samiksha Bhosale Mumbai August 23, 2023 :  Automation Expo 2023 in Mumbai has witnessed a remarkable display of innovation and technological prowess at the Taiwan Excellence Pavilion, along with the product launch 'Empowering Industries with The Best Made in Taiwan' on August 23. The Taiwan Excellence Pavilion is dedicated to meeting India's automation needs while driving mutual success. It showcases cutting-edge automation solutions from well-known Taiwanese brands such as ADVANTECH, Chin Fong, GMT Global Inc, Heran, HIWIN, KSS, PLANET, SOLOMON, Techman Robot and TOYO AUTOMATION. The pavilion is a testament to the spirit of innovation and dedication that embodies Taiwan Excellence. Each product on display epitomizes precision, efficiency and technological advancement.  The product Launch "Empowering Industries with The Best Made in Taiwan" was organized by Taiwan Excellence, an entity established by the Bureau of Foreign Trade and the Taiwan External Trade De...

UY Fincorp gets 10x returns on investment in 2 Years, Company expected to give an excellent quarterly result! In the dynamic world of finance and investments, UY Fincorp Limited has emerged as a shining star. This Kolkata-based RBI registered Non-Banking Financial Company (NBFC) has consistently demonstrated its prowess in the financial arena. In a strategic move aimed at unlocking value and optimizing its portfolio, UY Fincorp has announced the disinvestment of its entire equity stake in ANS Developers Private Limited (ADPL). Holding 32,00,000 Equity Shares, representing 14.13% equity stake in ADPL, the company entered into a Share Purchase Agreement (SPA) with Golden Goenka Credit Private Limited (GGCPL). These shares were originally bought for Rs. 25 each, totaling Rs. 8 crores. Now, UY Fincorp has agreed to sell all its shares in ADPL to Golden Goenka Credit Private Limited (GGCPL). The selling price will be based on a valuation certificate issued by either a Chartered Accounta...

SME company with a market cap of Rs. 600 Millions bagged the highest order of its lifetime valued over Rs. 566 Millions. Godha Cabcon & Insulation Ltd, a leading manufacturer in the conductors and wires industry, has recently struck a significant deal that is poised to make waves not only within the company but also on the stock market. With a massive order from a prominent client, Overseas Metal & Alloys Pvt. Ltd, Godha Cabcon is on the verge of a transformative period that could have a substantial impact on the company's shares. The game-changing moment arrived when Overseas Metal & Alloys Pvt. Ltd, a major player in the industry, placed an order worth approximately Rs. 566 Million with Godha Cabcon. This substantial order comprises a vast quantity of materials, including 4 Core HT Power Cables and Aluminum ACSR Weasel Conductor of the length 120 Kms each. The order underlines Godha Cabcon's reputation for providing top-quality products and services and signifies...

by Samiksha Chogule Serve as a hub for operations in Asia and the Middle East. Mumbai/Pune, (August 22, 2023): PhiCommerce, India’s foremost payment aggregator and platform announced its expansion into international markets through its new Singapore office. PhiCommerce is a new-age financial technology company that addresses evolving needs of digital payments infrastructure. Its omni-channel and instrument-agnostic digital payments processing platform PayPhi, enables businesses to embrace the digital payments ecosystem with smart interventions to automate, integrate and streamline payment related processes. “This expansion marks a significant milestone in our growth journey. PhiCommerce has been among the few home-grown companies spearheading this transformation in Indian payments industry. Our presence in Singapore will not only allow us to better serve our valued clients in these key regions but also strengthen our foothold as a leader when it comes to payment technology solutions. ...

by Samiksha Chogule Mumbai, August 22nd 2023: Pioneers of luxury fans in India, Fanzart opened its flagship showroom in Mumbai, its first company owned showroom in the country’s financial capital. The flagship showroom is located in Atria Mall in Worli South Mumbai and is the 114th showroom of Fanzart in the country. It is to be recalled that in 2012 Fanzart brought in a revolution of sorts into the luxury fan segment by opening their finest luxury fan showroom in Bengaluru offering a wide range of designs and solutions in fans that were almost unthinkable at that time. The last decade has seen Fanzart galloping in its growth to offer the very latest innovations in the luxury fan segment, starting from incorporating human sensors, blue tooth enabling, fandeliers that double up as also lights, customisable blades, summer winter feature, power saving BLDC motors, to mention a few. Commending the opening of the flagship showroom, Mr. Anil Lala, Founder and Managing Director said, “It giv...

   by Samiksha Chogule Price Band of ₹ 94 to 99 per equity share bearing face value of ₹ 10 each (“Equity Shares “) Bid/offer opening Date – Thursday, August 24, 2023 and Bid/offer Closing Date- Monday, August 28, 2023. Minimum Bid Lot is 150 Equity Shares and in multiples of 150 Equity Shares thereafter. The Floor Price is 9.4 times the face value of the Equity Share and the Cap Price is 9.9 times the face value of the Equity Share. Mumbai, August 21, 2023 :  Jodhpur – based Vishnu Prakash R Punglia Limited is an integrated Engineering, Procurement and Construction (“EPC”) company, which specializes in water supply Projects (WSP) has fixed the price band at ₹ 94 to 99 per Equity Share for its maiden public offer. The initial public offering (“IPO” or “Offer”) of the Company will open on Thursday, August 24, 2023, for subscription and closes on Monday, August 28, 2023. Investors can bid for a minimum of 150 Equity Shares thereafter. The Public Issue of face value of ₹ 10 ...

   by Samiksha Chogule  Mumbai, 18 th  August 2023:  On Friday (August 18), Zenzo, a healthcare provider, launched its very first and unique 5G ambulance service in Mumbai that uses superfast 5G technology to serve patients. The 5G ambulance service will change the way diagnoses and treatment is provided to critical patients on board. Zenzo’s advance 5G ambulance is fitted with cutting-edge equipment and advanced communication capabilities that will improve the speed and accuracy of emergency medical interventions, leading to better patient outcomes and increased efficiency in the delivery of critical care services.  Advocate Rahul Narvekar, Speaker of the Maharashtra Legislative Assembly and a member of BJP, said, “We’re very happy with this novel initiative taken up by Zenzo and welcome its move to start this advanced 5G-enabled ambulance service in Mumbai. I’m sure it will help save many lives.”  Announcing the launch of the zenzo ambulance services...