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Category: Business

  • DHFL Shareholder Acquires Stay Petition by Bombay HC

    Mumbai, Maharashtra [India]: One of the shareholders from the Dewan Housing Finance Corporation (DHFL)’s had filed a petition seeking a stay on the delisting of the company’s shares; this petition was recently admitted by the Bombay High Court. DHFL’s equity value was to be pegged at zero, once the Piramal group acquires it. DHFL will then be merged with Piramal group’s financial services business.

    This case will be heard by the High Court at the end of April; as of now, notices have been sent to all the parties involved.

    The current SEBI regulations state that an acquirer, after meeting certain parameters, must come with an open offer with the most competitive prices, which will benefit all the shareholders. But, in this case, the small shareholders are being unreasonably punished by authorities who have valued their shares at zero, without giving any open offers.

    The law firm Ganesh & co pointed out that, had such a situation occurred in the US/UK/Singapore, would have required approval from all the shareholders. The restructuring regime in Singapore holds the view that shareholder approval will be required in restructuring involving debt-equity share swaps, or major sales of the assets in pre-packs. But in the Indian IBC and SEBI delisting regulations, creditors get far more power which allows them to dilute the rights of the shareholders.

    Punit Nangalia, the shareholder, in this case, submitted to the court that in course of the usual delisting of shares of a listed entity, the offer price for exit to existing shareholders is to be determined through book building. SEBI regulation further states that the floor price will be determined in terms of the Takeover Regulations.

    SEBI regulations provide that the acquirer will make an open offer for acquiring shares according to various parameters, and the formulae to arrive at the most competitive prices will be given in an open offer to all shareholders that will also benefit retail Shareholders.

    But when it came to the DHFL acquisition, these regulations were not followed, and the retail shareholders are being punished by the aut­horities for no fault of th­eirs by being zero valuation.

    This petition also challenges the insolvency code, whi­ch does give any valuation to retail Shareholders. 

  • “Navigator Emerging Market Fund’’ is all set to become a market leader by Building and Preserving Wealth

    Ebene Cyber village / New Delhi, [Mauritius / India]: With the global economic picture looking bright for new-age startups, what they need is the right investment push. Navigator Emerging Market Fund company operating under a Category 1 Global Business License issued by the Mauritius Financial Services Commission believes in this very objective. Navigator EMF has recently invested in EZ Capital, the brand name for Exclusive Leasing & Finance Private Limited, an NBFC in India with registered offices in Delhi and branches in Ludhiana, Jalandhar, and Delhi.

    Navigator’s investment objective is simple and sharp – it aims at providing superior returns by investing in equity, derivates, and debt obligations in both emerging and non-emerging markets. It is this clear and focused goal of “building and preserving” wealth that has kept it moving from strength to strength ever since its inception in May 2019.

    Investing in Emerging Markets poses the opportunity of raking in superior earnings, hence the inclination. EZ Capital works on similar lines, providing credit to low-income households in two- and three-tier cities. Their chief projects include two-wheeler loans and loans against property. Navigator eyed the two-wheeler market as one in demand during the pandemic-induced crisis due to limited public transportation and social distancing rules and supported the tie-up.

    Navigator EMF has always shown keenness to invest in the financial services sector, with a special focus on NBFCs and micro-finance. It is also interested in Fintech companies and recently established solution-centric startups, along with Alternative Investment Funds (AIFs) meant for sophisticated investors. Their team of certified advisors has global-level expertise in the field of financial markets and investments.

    Mr. Asad Ali, Investment Advisor at Navigator EMF Says “At Navigator, our objective lies in backing up good and promising projects, no matter when they have started. We would like to emerge before businesses and individuals, men and women, salaried individuals and startup founders as a one-stop platform catering to all their financial needs.”

    In terms of geographical focus, NavigatorEMF is primarily eyeing businesses and ventures from Emerging Markets such as India, UAE, Singapore. It is here that they visualize a clear trajectory of solid growth in the near future. With a global presence already, their approach is to make it as diverse as possible.

    According to Navigator EMF, fintech is indeed the future, and they are here to empower those who are stepping into the fieldTheNavigator Emerging Market Fund also appears excited to invest in NBFCs, including EZ Capital, which caters to small businesses and individuals, special sections such as women entrepreneurs and so on. The Fund believes in supporting those individuals who possess the drive, vision, and capability to deliver.

    Through such collaboration, Navigator is promoting inclusive growth for those who are still starting in the economic pyramid. Its investment decisions are not just driven by profits but also by the mission to generate a positive measurable impact in emerging markets. Without compromising their investors’ strategic investment goals, Navigator is also consistently catering to inclusive diversity.

  • The realtor, artist, and actress Dina Sipovich Ferry is aiming high for her Luxurious Cosmetica Med Spa

    Boca Raton, (Florida) [USA]: Dina Sipovich is a Russian businesswoman based in the United States Of America. She is an established realtor who has sold prime properties including penthouses in the very sought-after city of Sunny Isles. She also specializes in multi-million dollar family homes in Palm Beach County. Taking a step ahead, Dina also owns a luxurious med spa, Cosmetica Med Spa, in East Boca, which is a one-of-a-kind med spa that aims to bring unmatched services to its customers.

    Cosmetica Med Spa is the top spa in South Florida known for its luxurious customer services. Cosmetica Med Spa provides services like Botox & Dermal Fillers, Microneedling and PRP, stem cells for hair loss and joint pain, IV therapy, and sexual wellness, among many other services using the latest and proven-safe technologies. The med spa has an amazing team of medical professionals that specialize in each of its services, along with post-treatment counseling and support for total customer satisfaction.

    But this is only one side of this confident and successful businesswoman. She is an actress par excellence. She is best known for the series One Life To Live which aired from 2008-2014. Her character Becca Salzman was loved by one and all and was a memorable one. Dina is a talented artist too. She has painted some of the beautiful pop art that is featured in many homes in the Palm Beach County area.

    Dina was born in Norilsk of Russia on December 16th, 1993. After a few years, her family moved to Edgewater, New Jersey, and then settled in Saddle River, New Jersey. She was an active and outgoing child. She played tennis and volleyball and was a good gymnast too. She played piano also. From a young age, it was evident from her personality that she is a go-getter.

    She started her career as an actress in One Life to Live, but as a child, she always aspired to be a dermatologist. Her love for biology and art drove her to this interest. Later she graduated with a degree in Biochemistry, intending to go to medical school. Right before graduation, she fell in love with Christopher Ferry in 2017 and soon got married to him. Before she could complete graduation she became pregnant with her first child. Dina’s husband Christopher is very supportive and always backed her to be a self-dependent and confident woman. The couple has 4 beautiful kids. Dina’s family is her strength. It is with their support that Dina ventured into pursuing her dreams.

    With Cosmetica Med Spa she is aiming to feed her passion for both biology and art. She is confident that this luxury med spa will provide top-of-the-line quality of service and care.

  • Minfy Tech announces their new CEO Vikram Manchanda – A born in the cloud company

    Hyderabad, Telangana [India]: Minfy Tech a born in the cloud company, an AWS Premier partner, and one of the fastest-growing cloud services company announces Vikram Manchanda as the CEO. Founded in 2015 by Vijay Jain and Vivek Jain, Minfy has a strong and increasing presence in BFSI, Healthcare, Government, Education, and Manufacturing Industries. Growing robustly in these Covid ridden times, Minfy sees traction in its growth markets of India, ASEAN, US, UK, and MEA. Minfy is one of the fastest-growing cloud consulting company has grown 5 times in just the last 3 years. It has also featured in the Global Top 100 cloud companies by Channel. In 2020, Minfy surpassed Rs 100 crore turnover mark and has a trailing annualized top-line over $20M.

    Vikram Manchanda was the founder of the AWS public sector business in India starting in 2015. A respected leader in the cloud and IT industry, Vikram has led organizations and teams in AWS and Microsoft for over 15 years. As the Country Head of the India and South Asia business, his direction enabled AWS to become the leader among the cloud providers focused on the $1 billion government cloud market. In his last role at AWS as the Digital Transformation Leader in the global team, he was responsible for the adoption of India’s cloud-based innovative solutions in the international markets. Before AWS, Vikram performed various leadership roles at Microsoft, where he spent 10 years. As the cloud leader, he was responsible for the Microsoft Azure cloud launch in India. He represented the cloud industry to the government for opening up the cloud market as early as 2013. His expertise is in mainstreaming disruptive technologies by creating financially viable business models and wide-scale adoption. His passion lies in the future of health tech and he believes that the power of AI and Emerging tech will transform human capacity.

    According to Vijay Jain, co-founder of MinfyTech, Vikram is a caring leader who will have empathy for our customers’ expectations and mentor our people to realize their aspirations. I am glad that Vikram embodies all that we need and will help Minfy rapidly progress towards its purpose. I have seen Vikram from close quarters as he founded the AWS public sector business in India and grew the business and team several times. He understands the dilemmas of a founder and challenges of a rapidly growing organization.”

    About Minfy: Minfy is reinventing itself to help accelerate the digital transformation of customers in BFSI, Healthcare, Government, Education, and Manufacturing Industries. Minfy with its talent base in India is expanding its market presence internationally in ASEAN, the US, and the UK. Vikram as the CEO will lead Minfy’s growth strategy and drive its vision of accelerating customers’ digital transformation.

  • Techila Global Services Provides An Ideal Platform To IT Employees For Making The Much-needed Switch To Salesforce

    The company aims at helping IT aspirants and professionals build robust careers in Salesforce

    Ahmedabad, Gujarat [India]: Techila Global Services (https://techilaservices.com), a noted Salesforce development company and Salesforce Consulting Partner Company, intends to help IT professionals in switching their careers to Salesforce and have a successful run in the same. The company aims at providing Salesforce jobs to deserving candidates (freshers and experienced professionals) and making them well-versed with the Salesforce experience.

    Salesforce was launched more than twenty years ago and became an instant favourite in the business CRM industry. Since then, Salesforce has helped an array of businesses, educational institutions, NGOs, and government organizations to keep an extensive database of their customers/clients/students/donors and use the same for providing personalized services on different platforms.

    Right from Salesforce development to operating on various Salesforce offerings, the new technology has slowly turned into a field of study. Apart from using the CRM platform for getting the desired traction, developers can customize and configure Salesforce using a separate programming language (Apex) that is simpler, more advanced, and highly efficient.

    Techila Global Services wishes to be more professionals working with programming languages like Java and .NET towards Salesforce development for keeping them in sync with the latest technological advancements. Chitiz Agarwal, the founder and CEO of the company says, “The approach towards designing CRM platforms and building applications has changed over time. Today, it is important for a developer or a data architect to provide holistic services to their clients that allow them to get more by doing less. Salesforce is a technology that helps you build business-specific apps, carry out third-party integrations, and customize web pages in a quick, easy, and effective manner.”

    For professionals who are not too well-versed with Salesforce, the team at Techila Global Services intends to provide them with extensive training in the same, helping them make a slow and sustainable shift. “In 2021, technology is the driving force in any society. We want to be instrumental in bringing about a change that matters,” Mr. Agarwal says.

    About Techila Global Services

    Techila Global Services is a Salesforce development company and Salesforce Consulting Partner Company based in Pune, Maharashtra. It is owned by Chitiz Agarwal – the Salesforce Guru in India. For more than eight years, the company has been helping businesses across the globe in implementing scalable CRM solutions and customizing Salesforce to suit their specific requirements.

    Apart from providing Salesforce development and consulting services, Mr. Agarwal offers a free Salesforce training portal for Salesforce aspirants – Techila Academy. It is an extension of Techila Global Services that provides free online courses and hosts online webinars dedicated to Salesforce and its offerings.

  • Widespread Public Support for the Karn, Founder of Wecript after Social Media Backlash

    New Delhi [India]: Social Media and controversies are synonymous, isn’t it? Well, most of the time it is! While you have umpteen chances of increasing your adherents, you may likewise be a victim of trolls too. Recently, Wecript ( the first Made In India private search engine) was criticized for supporting the “Made In India” concept and promoting “Atma Nirbhar Bharat” The company believes in walking the talk and promises to make India a data secured country, after all, we all desire to be labeled as a developed country and just not a developing country.

    Recently, founder The Karn and his product Wecript have been featured by a leading media house and the link was shared widely on social media platforms. Unfortunately, many people started questioning and commenting on their vision of Make in India and plan to make India a developed country. The link had to be deleted by the respective media house under pressure. This drew the attention of the common man, leaders, and social media influencers who later extended their support in favour of the Karn and Wecript. The media house soon realized their mistake and the news was republished in no time.

    The Karn, the founder of a billion-dollar Indian tech startup believes in promoting data privacy and providing a secure searching experience to Internet users. With the current search engines, the users are always at a risk of data leakage. Fill a form and your information is sold to multiple companies for millions of dollars. Search for a product and you’ll be bombarded with multiple ads relevant to your search. Just a blink and your privacy is no longer yours. This is a threat to the mere word democracy, isn’t it?

    This triggered Skarn Robotics to offer a safe and secure browsing platform to the users that value their emotions and safeguard them forever.

    Wecript is the first Made in India private search engine that lets you browse without compromising your privacy. It has the best state-of-the-art technology that makes the web safer for internet users. The Wecript search engine runs on its inherent program with extraordinary highlights like private download manager, clean design, app lock, reader mode, etc. The in-built Wecript browser prevents data tracking and data leakage, thereby securing personal information.

    The Karn through Wecript takes the responsibility of securing your data privacy. He believes that technology is a boon and must be used for the betterment of Mankind. Unfortunately, most search engines misuse personal information for their gain. Thanks to Skarn Robotics that took the data leakage seriously and launched Wecript!

    The recent support from celebrities, politicians, and the change-makers towards Wecript is beyond words. It has not only helped in bringing the right change in the society but would also encourage other entrepreneurs to come forward and launch products/services for the real ‘Atma Nirbhar Bharat;’

    As Mahatma Gandhi said, “Be the change you want to see”. Let us all strive for excellence and believe in the power of a safe and secured Internet world.

    Here’s your way – https://wecript.org/

  • Animesh Kumar launches “Animesh Digital” to share the Fundamentals of Digital Marketing and Public Relations.

    New Delhi, [India]: Animesh Kumar has launched his company named Animesh Digital, through which he will be providing free counselling regarding digital marketing and public relations. The company will not charge the clients for the counselling session and it will be the clients’ choice if they commit to the services in the future or not.

    The company will use Animesh’s experience of over a decade, to nurture the freshers/startups and their clients and explain the techniques that how digital marketing can help the organisations grow. They will also give counselling to tell how one can enhance their company reputation by using public relations services. Animesh has, in the past, worked for corporates, YouTubers, start-ups, celebrities and many other people belonging to different industries. Till now he has given free counselling to 100+ individual and start-ups and helped them in the growth of their business.

    Well, considering the ways to improve and grow the business/start-up then one needs proper learning and counselling of public relations strategies. It will bring ample rewards, which includes better visibility, and improved credibility. Overall, digital marketing and public relations services will lead to more sales and better as well as higher revenue potential for the organisation. That is why for any business/start-up a major focus should be on public relations and digital marketing activities. PR activities enhance the company’s image and create a connection with the masses. Traditional marketing is important but in the current scenario of innovation and technologies, the demand and need for Digital marketing are growing exponentially, as it helps to attract more traffic than traditional marketing and brings engagements as well as leads for the organisation.

    Animesh Digital is there for the startups, to provide learning as well as services that include how to run social media campaigns, how to implement PR strategies, lead-generation for sales, and email marketing.

    Follow on Facebook – https://www.facebook.com/AnimeshKumarDigital.

  • A Story of Resilience: From Petrol Boy to a Stock Market Giant

    The journey from being a nobody to a visionary aiming at helping individuals grow financially strong

    Mumbai, Maharashtra [India]: N.B. Naik’s started as a petrol boy who barely made a thousand bucks a month. Despite putting in more than fourteen hours of hard work, he still couldn’t make enough for a decent living. Probably this ignited within him the impulse to not just earn financial freedom himself but also help others do the same.

    “I used to read newspapers; the business columns used to have figures in hundreds of crores. I once asked my uncle about them, and he told me it is because of the stock market. This is when I decided to make my instance in it”, says Mr. Naik.

    Today, this determined individual is looked up to by several investors. He has not just amassed a wide range of customers but also a massive empire. Mr. Naik has been able to spread so much positivity that he has become a trusted name, having made hundreds of crores through word-of-mouth referral alone.

    “There was a time when I had to sell off my mother’s gold jewellery for seventy-thousand to be able to invest in the stock market. Within less than three months, I was able to make 3.2 lakhs, funding my sister’s wedding proudly”, says Mr. Naik.

    Today he is the Chairman and Managing Director at SharesBazaar. Through his topnotch entrepreneurial excellence, he has been providing prolific width to several groundbreaking ventures. N.B. Naik is today one of the leading new-age entrepreneurs we have.

    More Indians Should Begin Investing: Mr. Naik

    “As many as 98.5% Indians do not invest. Investing in the stock market is something that has changed my life completely. Besides, it has helped me lead 25 thousand people on the path towards financial freedom”, he says.

    Compared to the USA, where around 55% are active stock market investors, the Indian figures are quite dismal. People who hold cash equivalents have this false perception that investments are risky and unnecessary. “The wisest thing a person can do is to invest his hard-earned money to derive more profit from it”, say experts.

    Naik’s Secret Formula for the Stock Market 

    According to Naik, there are no secrets for success in the stock market – only a proven profitable formula. Three strong traits make every investor successful:

    • Avoid human emotions –your worst enemy in investments
    • Remain consistent and stick to a strategy
    • Learn money management skills – it will tell you how many shares or contracts to trade

    Yet, 99% of investors fail to follow these simple rules, because we are mostly emotional, greedy, and impatient. This has inspired Mr. Naik to develop a master robot – a virtual money machine – that can help implement their golden success strategy to help investors. It is free from the emotional and psychological factors and analyses the current market supply-demand points against various parameters to lend dynamic insights to investors.

    Irresistible Offer by SharesBazaar

    N.B. Naik’s SharesBazaar is known for not just making promises but also over-delivering them. They know the billion-dollar secret to make money, and the best part is that they decided not to keep it to themselves, but open it to outside investors as well.

    A proud part of SL Group, SharesBazaar is not just making massive money but also giving their customers a winning edge. 100% growth is the new normal here at Shares Bazaar. It is “where your capital is 100% secure, with a guaranteed minimum growth of 18%”, according to Naik. They are on a massive mission to leverage 1 million investors and create financial freedom for them by 2025.

    For More Info Visit: https://www.sharesbazaar.com/

  • Karan Bothra wins best-emerging entrepreneur award from Business Mint

    Karan is the director of Whitefire Diamonds India Private Limited which was originally started by his dad and uncle

    Chennai, Tamil Nadu [India]: Diamonds have been synonymous with luxury for the longest time. This awe-striking precious stone has become indispensable over the years in every Indian woman’s jewelry collection. From a bride wearing elaborate diamond chokers to a working professional adorning her simple solitaire studs, diamonds continue to remain a girl’s best friend.

    And bringing to you the World’s finest diamonds is a fine diamantaire from the city of Chennai – Karan Bothra. Hailing from a family of diamond merchants & backed with several years of experience in the jewelry industry, Karan is the director of Whitefire Diamonds India Private Limited which was originally started by his dad and uncle. The company is involved in the manufacturing & wholesaling of diamonds & diamond jewelry with their diamonds reaching all over the world.

    South India is known to be a very quality-conscious market as far as diamonds are concerned. Karan & his team ensure that every diamond that leaves their workshop undergoes several rounds of quality checks before reaching the end-user so there are no compromises on quality. His company is well known amongst jewelry retailers for the lowest rejections during selection due to strict quality standards that are adhered to.

    Being a second-generation entrepreneur & with a natural flair for diamonds, Karan has introduced many new concepts in diamond jewelry design. He draws inspiration from his extensive travel all over the world, attending various jewelry fairs & expos to create timeless masterpieces. His company Whitefire has been a participant in over 100 trade shows over the years held all over the country.

    People who know Karan would definitely say he has strong networking skills. Karan believes that this skill is a big game-changer, giving him access to the latest trends & updates in the industry. The jewelry business especially diamonds is all about trust, the trust of a retailer in the wholesaler, and multiple other people in the supply chain. Karan’s company has built this trust over years by offering quality products & services.

    Karan is also a firm believer in how millennial entrepreneurs can change the dynamics of age-old businesses with their fresh ideas. Since he joined the business there has been a shift to newer outlooks in all areas of his company including marketing, design, etc. He has been taking timely advice from his dad on important matters, learning a lot from his experience but Karan has never shied away from trying his hand at new techniques in the business.

    The pandemic was harsh on the jewelry business but had its own benefits says, Karan. During these times he realized the importance of a strong social media presence & the perks of taking his business online. Jewelry being a high-value product is generally associated with an item that has to be tried on, touched & felt before buying. Most jewelers still don’t know the potential of an online store and that market is still not fully tapped except for some key players in it. Karan is striving towards utilizing this opportunity to the best of his ability. With a strong team of employees, designers & artisans, Karan is definitely leading the way for a brighter future in jewelry circles.

    Business Mint recognized the efforts put by Karan. The jury was highly impressed by his unique ideas and decided to present him with the best-emerging entrepreneur award 2021 in the Diamonds Category.

  • A company that is offering a new perspective to the Real Estate industry in the Affordable sector in South Delhi

    New Delhi [India]: How many times you have thought that the house that you are living in could save a lot of money if you build it right?

    Let us tell you, never! Right?

    Well, CS Realty a Delhi-based Real Estate company has taken the oath to create Eco Friendly and Smart homes in the Southern part of South Delhi. Their new project Aravalli Koral Homes 2 which is located at Mandi, which is the southern part of Chattarpur/ Chhattarpur and, is well connected to Gurugram and Faridabad. And this location is suitable for people who commute from Delhi-Gurugram or Delhi-Faridabad also suitable for those who are willing to stay well connected with South Delhi. This location also gives you the benefit of having Major sports academies which include Golf, Cricket, Tennis, and Polo. This property is loaded with high-tech modern features along with a taste of eco-friendliness.

    This new project can generate electricity for itself with pre-installed Solar panels on the roof which helps in reducing the monthly electricity bills. Along with this, the project is also able to collect the rainwater through rainwater harvesting which slashes the issue of water in the building. Now, not only from the outside but also from the inside.

    The list doesn’t end here. Starting from Home Automation which enables you to control the lights and geysers from your mobile phone, which helps you in scheduling or let’s say that you forgot to turn the lights off. This automated system will help you to turn the lights off from any part of the world while using the application. Then, while keeping your security in mind CS Realty offers 4 Layer Security which consists of a 24*7 security guard, CCTV cameras on every floor, Digital lock, and video door phones, and for your serene evenings, they are also offering terrace garden with open gym with Aravalli views.

    Now, let’s come to the prices. We know, you might be wondering a house like this will cost a fortune, but the answer is “No”. These are affordable smart, luxury, and eco-friendly homes that you can own in as low as 35 lakhs for 2 BHK and 55 Lakhs for 3 BHK along with a Loan facility available from nationalized banks.

    Last but not the least; yes this is ready to move property.

    For More details visit : https://csrealty.in/