FINANCE TODAY

by Samiksha Chogule ·           Mesmerising Belly dancers to enthral you through the night   Mumbai, December 26, 2023:  Pushpam Lords Resort, Karjat is all set to usher in the New Year 2024 with an Arabian Night theme extravaganza. Beautiful belly dancers will keep you mesmerised with their enchanting moves that are sure to keep you wide eyed through the night. Anticipated to be a magical affair, the celebration spans three unforgettable nights commencing from December 30, through December 31 and concludes on January 1, 2024.   Speaking on the excitement that is building up towards the New Year eve celebrations,  Mr. Shreekant Chopda, Managing Director, Pushpam Group  said,  “It is this time of the year when people across the world bring in the New Year in the most memorable way, which will be remembered by them throughout the year. To make it a cherished experience for our customers, we have crafted an absolute...

Mumbai, 28 December 2023: Sheetal Diamonds Ltd. (BSE: 530525), a fast-growing diamond manufacturer, supplier and exporter of an exclusive range of Real Natural Loose Diamonds and Diamond Jewellery, has announced preferential issue of up to Rs. 49.95 Crores. The proceeds of this preferential issue will be utilized to foray into retail sector, whereby the company plans to set up retail stores across the country. The company, in its board meeting held on 27 December 2023, decided to conduct a Postal Ballot to approve the increase in authorised capital to Rs. 15,50,00,000 consisting of 3,10,00,000 Equity Shares of Rs. 5 each, to issue and allot 83,25,000 Equity Shares of Rs. 5 each at an Issue Price of Rs. 60 including premium of Rs. 55 per share aggregating to Rs. 49.95 Crore to eligible allottees by way of Preferential Issue and to change the name of Company to ‘RAJNISH RETAIL LIMITED’. The proposed allotees include various entities from the promoter and non-promoter group. The p...

Rajnandini Metal Ltd. (NSE: RAJMET) has announced receipt of orders amounting to Rs. 111.42 from KEI industries Ltd., Orient Cables India Pvt Ltd., Dailmer Industries Pvt Ltd., Paramount Communications Ltd., Svarn Infratel Pvt Ltd., amongst others. Earlier, for the quarter ended 30 September 2023, the company reported Revenue from operations at Rs. 333.10 Crore, with PAT coming in at 6.50 Crores. Rajnandini Metal Limited deals in various products such as Copper Rod, Annealed Bare Copper Wire, Fine Copper Wire, Multi Stranded Copper Cables, Bunched Copper Wire, Submersible Wires and Flat Cables as well as House Wires. Its clientele includes top names from the field of Steel, Automotive, Light/Heavy Engineering, Construction, Chemical and Electronic Industry. With the use of highly sophisticated technology and imported machinery, Rajnandini Metal Ltd has been a pioneer in manufacturing of high-grade Copper Continuous Casting Rods  which does not only have a uniform high electri...

  Scheduled from December 21 to December 27, 2023, Sameera Agro’s IPO brings forth a fixed price issue of ₹180 per share, with a face value of ₹10 per share. The lot size is set at 800 shares, catering to investors across different strata. The total issue size stands at 3,480,000 shares, aggregating up to ₹62.64 crores. The IPO will list on NSE SME, marking a significant milestone in the company’s growth trajectory. Sameera Agro and Infra Limited operates at the intersection of real estate development and agriculture, offering a unique value proposition to its investors. The company’s strategic diversification across these two distinct yet synergistic business domains position’s it uniquely in the market. In the financial year ending March 31, 2023, the company reported a substantial increase in revenue, soaring by 31.79% compared to the previous year. The profit after tax (PAT) witnessed a remarkable surge of 266.1%, underlining the company’s efficient financial management and ope...

by Samiksha  Giordano, an international apparel and accessories brand is unveils a significant business announcement that redefines the future of the brand in India. The brand currently has a solid presence in 23 cities across 13 states in India. Strategic expansion will target Tier 2 and Tier 3 markets, catering to discerning tastes and surging disposable income NATIONAL,  DECEMBER ,2023 :  Giordano, one of the world’s leading international retailers synonymous with quality, simplicity, and affordable fashion, has announced its retail expansion plans for the Indian market. With a current presence of 50 points of sale across 23 cities across 13 states, which largely took place over the last 18 months due to the disruption by Covid, Giordano India plans to double its reach and shall encompass metro and tier 2 and tier 3 markets. The brand is strategically positioning itself to capitalise on India’s flourishing casual wear market. This latest development marks a pivotal mil...

by Samiksha Chogule Mumbai, 7 th Dec, 2023: Having organised 11 editions over the past three decades with resounding success, the All India Plastics Manufacturers’ Association (AIPMA) has once again set the ball rolling with ‘Plastivision India 2023’ and expects to break all previous records in terms of visitor footfall and business generated over the duration of the five-day event. To be held between 7 th to 11 th December 2023 at Bombay Exhibition Center (BEC) in Mumbai, ‘Plastivision India 2023’ is the 12 th edition of India’s largest plastics trade exhibition that is set to unlock exceptional business, networking and idea sharing opportunities for manufacturers, buyers, sellers, and end-users alike.  With an exhibit area spanning 1,25,000sqm, ‘Plastivision India 2023’ displayed a wide range of plastic products, plastic materials, machines, moulds and technologies that are revolutionizing the global plastics industry today. Apart from countries like Germany, Malaysia, So...

by Samiksha Chogule Date: December 6, 2023 :  ICAR-Central Institute for Research on Cotton Technology (CIRCOT), Mumbai is celebrating its Centennial Foundation Day by co-hosting 9 th Asian Cotton Research & Development Network (ACRDN) meeting & International Conference on “Innovation for a Resilient and Sustainable Cotton Production and Viable Value Chain”, partnering with Indian Society for Cotton Improvement (ISCI) Mumbai, International Cotton Advisory Committee (ICAC) Washington DC, USA, ICAR-Central Institute for Cotton Research (CICR) Nagpur and the Indian Fibre Society (IFS) Mumbai.  Asia being the most vibrant hub of cotton production, processing, consumption and trade, this 9 th ACRDN meeting & International Conference (Dec 06-08, 2023) at Mumbai gather eminent researchers and stakeholders across the World to address the challenges arising from fluctuating market prices and pest-related issues to sustainability concerns. The inaugural function started wi...