New Delhi (India), March 4: Sona Machinery Limited is a diversified agro-processing equipment manufacturer for Rice mills & Ethanol distilleries. The company is going to become public as it has announced to raise Rs 51.82 crores via an initial public offering (IPO) by issuing entirely a fresh issue of 36.24 lakh shares.
For its SME Initial Public Offering (IPO), Sona Machinery Limited has established a price band of Rs 136 to Rs 143 per share. The company’s shares will be listed on the NSE Emerge, with a projected listing date of Wednesday, March 13, 2024.
Hem Securities Limited is the book running lead manager of the Sona Machinery IPO, while Maashitla Securities Private Limited is the Registrar for the issue.
The issue proceeds will be utilized in funding capital expenditure requirements of the company towards setting up a new manufacturing unit at Ghaziabad. Along with, repayment of the outstanding amount of the Letter of Credit availed by the company for the purchase of machinery and general corporate purposes.
On Monday, March 11, 2024, the shares for Sona Machinery IPO are anticipated to be allotted, and on Wednesday, March 13, 2024, the shares will be credited to the demat account of the allottees. The IPO comprises 50% of the net issue for QIB, 35% for retail investors and 15% of the net issue for the NII segment.
Retail investors need to contribute a minimum of Rs 1.43 lakh considering the minimum lot size for an application is 1000 shares. For HNIs, the minimum bidding size is two lots, or 2000 shares, for a total investment of Rs 2,86 lakh at upper price band.
Sona Machinery Limited’s revenue increased by 81.88% and profit after tax (PAT) rose by 135.35% between the financial year ending with March 31, 2023 and March 31, 2022. For the 8-Month period ended 30th November 2023 they have an EBITDA margin of 15.11% with a PAT margin of 10.32%
The company has 3 diversified revenue verticals viz Complete projects for rice mills, Equipment manufacturing & Services. The company manufactures equipment’s for cleaning, grading, blending, material handling categories to process Rice, Pulses, Wheat, Spices, Barnyard Millet which contributes 80% of revenue. Their products are sold PAN India & exported to Nigeria, Bangladesh, Kenya, Nepal etc.
Sona Machinery’s service offering includes engineering, installation, supervision and machine commissioning, providing solution for grain-based ethanol distilleries, ranging from grain unloading to milling. The Company also caters to setting-up of complete Rice Mill Projects as well as processing of other grains like pulses, wheat, spices, millet etc. The company is also constructing a new factory in Ghaziabad on a land area of 90,729 sq. ft.
Sona Machinery’s manufacturing facility is located in Ghaziabad, Uttar Pradesh, with a total area of approximately 52,205 sq. ft. and a warehouse for storage of material and finished goods. As of September 30, 2023, the company employed around 390 employees, including semi-skilled workers at various levels of the organization.
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
Bangalore (Karnataka) [India], March 2: Flytant, the dynamic Influencer Marketplace, has successfully raised a seed round led by the innovative Shuru-Up Investment Platform, based in Ahmedabad.
Flytant’s strategic move to secure this funding is aimed at fueling its expansion into the thriving markets of the USA and the Middle East. Additionally, the funds will be instrumental in the development of cutting-edge technologies, propelling the platform to revolutionize the Influencer Marketing industry with its flagship product.
Flytant’s journey began in 2020 with the Influencer Marketplace model, and it has swiftly become the second-largest platform in India, boasting over 600,000 registered influencers. On a global scale, it ranks as the third-largest Influencer Marketplace, attracting top brands and agencies leveraging its capabilities for influencer onboarding.
Vivek Rai, the visionary founder of Flytant, envisions making the platform the largest influencer marketplace globally by the end of this year. Speaking passionately about the platform’s unique offerings, Rai emphasized its scalability and democratized model, ensuring that influencers of all scales, from nano to macro, can monetize their content effortlessly.
“We are changing the way the influencer marketing industry works and ensuring influencers can monetize their social media content with great ease,” says Rai.
Flytant’s success lies in its departure from the traditional agency model, eliminating the need for intermediaries and manual processes. The platform provides brands with unprecedented transparency, enabling them to directly connect with influencers on a commission-free basis. To further assist brands in their influencer selection process, Flytant offers comprehensive analytical data, ensuring the perfect match for their campaigns.
In a market saturated with content creators, Flytant stands out by utilizing AI-enabled algorithms that recommend the most suitable sponsorships for influencers. The platform compiles influencer profiles using data from various social media channels, providing brands with a curated selection of influencers tailored to their campaigns.
The influencer-centric approach extends to Flytant’s commitment to empowering content creators. Nano, micro, and macro influencers alike can monetize their social media content effortlessly, breaking free from the traditional dependency on agencies. Each influencer receives a personalized social card on the platform, offering a multitude of benefits and opportunities.
As a testament to Flytant’s commitment to continuous innovation, the platform is set to launch its flagship product, Flytant Ads, in the second half of this year. This groundbreaking addition will provide influencers with even more seamless access to sponsorships from top-tier brands.
In response to the burgeoning influencer landscape in India, Team Shuru-Up advocates for a transformative platform. Flytant emerges as the catalyst for this evolution, offering influencers networking opportunities, portfolio management, and brand collaborations—all automated, underscoring the platform’s scalability. In a rapidly growing content creation market, Shuru-Up calls for a democratized Influencer Marketplace, ensuring fair compensation for creators.
The premier platform revolutionizing influencer marketing by seamlessly connecting brands with influencers worldwide. Flytant offers brands a transparent and efficient way to post campaigns and directly connect with influencers through innovative features like Social Score, Social Search Engine, and Social Profile. With a focus on empowering influencers of all sizes, Flytant ensures even micro-influencers can monetize their content by easily applying for campaigns or reaching out to brands for sponsorships.
Shuru-up, the ultimate digital startup ecosystem empowering entrepreneurs and investors to connect, invest, and thrive. The platform revolutionizes startup funding, offering retail investors access to lucrative opportunities with smaller investments while providing idea owners and entrepreneurs a seamless pathway to raise funds. With a focus on supporting startup enthusiasts in achieving their goals, Shuru-up brings together individuals and communities with a shared vision for success. Our talented team is dedicated to uncovering opportunities in the unlisted market, providing maximum potential for startups and investors alike. Additionally, our proactive approach to asset monetization ensures continuous profitability for associated High Net Worth Individuals (HNIs). Join Shuru-up today and seize the future with confidence, as we lead you to new opportunities and enable timely action.
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
More than 40 countries were represented by over 7200 attendees at the 3-day event
Mumbai (Maharashtra) [India], March 1: Informa Markets, India’s leading B2B exhibition organiser, concluded the highly successful 2nd edition of Vitafoods India at the Jio World Convention Center, Mumbai. The three-day dedicated event took place between 13th to 15th February 2024, designed to showcase the fast-transforming Indian nutraceutical market. Vitafoods India 2024 witnessed an impressive turnout, with 7200 attendees across three days, marking a remarkable 94% growth in visitors compared to the 2023 edition.
The esteemed expo was graced by distinguished dignitaries, including Chief Guest Hon. Shri. Aatram Dharamraobaba Bhagwantrao, Minister of Food and Drug, Government of Maharashtra ; Sanjaya Mariwala, President, AHNMI (Association of Herbal and Nutraceutical Manufacturers of India); Dr Nilesh Amritkar, President, AFSTI (Association of Food Scientists & Technologists); Dr. Vaibhav Kulkarni, Hon. Secretary, HADSA (Health Foods and Dietary Supplements Association); Mr. Umesh Kamble, Secretary General, CASMB (Chamber for Advancement of Small Medium Businesses); Mr. Yogesh Mudras, Managing Director of Informa Markets in India; Mr. Julien Bonvallet, Group Brand Director at Informa Markets and Mr. Rahul Deshpande, Senior Group Director at Informa Markets in India, among other distinguished guests.
Recognizing the sector’s importance, Hon. Shri. Aatram Dharamraobaba Bhagwantrao, Minister of Food and Drug, Government of Maharashtra, said” Vitafoods India 2024 is a significant event for the growing nutraceutical industry in India. This three-day extravaganza, hosted in Mumbai, reflects our government’s commitment to fostering a business-friendly environment, evident in our dedication to ease of doing business. The internationality of Vitafoods India, connecting professionals from over 40 countries, underscores the global appeal of this industry. Strict compliance is vital, with the government implementing strong monitoring frameworks for nutraceutical integrity. Maharashtra offers optimal conditions for business expansion, aligning with our commitment to ease of doing business and fostering growth and innovation. Stakeholders should prioritize modern R&D along with leveraging the knowledge for herbs possessed by our tribal ancestors, for mutual benefit.”
Vitafoods is a globally renowned brand with significant footholds in both Europe and Asia. Specifically tailored to the Indian market. Geo-located to the India, Vitafoods India focuses solely on the burgeoning nutraceutical sector, which has seen remarkable growth in the country, particularly in the wake of the pandemic.
Speaking on the significance of the 2nd edition of Vitafoods India, Mr. Yogesh Mudras, Managing Director, Informa Markets in India, said, “We are extremely happy with the overwhelming response received at Vitafoods India, where we welcomed 7200 attendees over the course of three days. Vitafoods India stands as a crucial hub for collaboration, facilitating knowledge exchange, and showcasing cutting-edge innovation. In today’s climate, where enhancing immune function and preventing illness are critical priorities, India’s vibrant nutraceuticals ingredients market offers immense potential. From vitamins and minerals to botanicals and diverse plant- and animal-derived components, our country’s agriculture sector provides abundant raw materials essential for nutraceuticals and functional foods. With a focus on personalised nutrition, functional ingredients, and sustainability, India’s nutraceutical industry is poised for significant growth.”
Speaking on the occasion, Dr. Vaibhav Kulkarni, Hon. Secretary, Health Foods and Dietary Supplements Association (HADSA), said “The nutraceutical sector has seen significant growth, from 6% to 40%, evolving from a niche market to a mainstream consumer trend. During the COVID-19 pandemic, focus on improving immunity surged, driving demand for preventive health products. Although there has been a modest dip in post-COVID trends, the industry’s momentum continues unabated. It is imperative for the sector to reaffirm the significance of preventive healthcare among consumers. Despite the temporary slowdown following the pandemic, industry leaders are united in their acknowledgment of the necessity for collective action to champion and elevate this sector. The ambition to reach the $100 billion milestone demands accelerated efforts and unified advocacy.”
Highlighting the importance of clinical studies, Mr. Nishant Chachra, Vice-President, KSM-66 Ashwagandha, said “Our 50 clinical studies, 32 of which are published, uphold the gold standard, employing double-blind randomized placebo-controlled trials across various health domains. Notably, we exclusively utilize roots to extract KSM-66, diverging from competitors who may incorporate aerial plant parts. Root components, historically favored in Ayurveda, offer superior benefits. Moreover, KSM exhibits exceptional organoleptic properties, being neutral in taste and highly soluble, facilitating its integration into more than 42 delivery formats. This versatility caters to evolving consumer preferences for innovative products such as gummies, chews, shots, functional food and beverages.”
.
Speaking on the conclusion, Mr. Saif Mehkri, Founder & Director, Bio-gen said, ‘Particularly post-COVID, where there’s a heightened awareness among consumers regarding health and wellness, the importance of healthy living and healthy aging underscores the need for addressing prevalent health issues such as heart disease, obesity, and diabetes. Our company’s focus on combating inflammation and oxidative stress revolves around our latest products, including carotenoids like lutein, which undergo global clinical validation. We acknowledge the diverse demographics, with clinical studies conducted in India, Australia and United Kingdom catering to global markets. Additionally, ongoing research on pain management using natural ingredients like Palmitoylethanolamide highlights our commitment to holistic health solutions.”
Emphasizing on the growth of Nutraceutical Industry, Mr. Sanjaya Mariwala, President, Association of herbal and nutraceuticals manufacturers of India (AHNMI) said “In our pursuit of sustained growth, the government’s initial actions are pivotal. However, it’s evident that our journey toward establishing a formidable presence in the global nutraceutical arena requires concerted efforts and continuous initiatives. Through incentivizing manufacturing modernization, prioritizing accurate clinical trials, launching nationwide awareness campaigns, resolving regulatory conflicts, unifying industry alliances, and fostering collaborative endeavors, we pave the way for industry advancement. Vitafoods India heralds the anticipation of further discussions and collaborations, fortifying our collective efforts to propel the nutraceutical sector towards success.”
Speaking on the occasion, Mr. Umesh Kamble, Secretary General, CASMB (Chamber for Advancement of Small Medium Businesses) said “The rapid growth of the healthcare industry, particularly in small and medium businesses, indicates an exciting opportunity for startups and MSMEs to make a significant impact. With India boasting numerous unidentified hubs ripe for exploration, these enterprises can play a crucial role in supplying health supplements to meet growing demand. Startups are the backbone of innovation and investment, essential for propelling the industry towards the ambitious $100 billion milestone. Vitafoods India serves as a vital platform for fostering collaboration and innovation, empowering businesses to capitalize on emerging opportunities and drive sectoral growth.”
Over 12 educational sessions, featuring 40+ expert speakers, provided invaluable insights into the rapidly evolving nutraceutical landscape. Notably, sessions on Gut Health and Women’s Nutrition captivated audiences, reflecting a growing interest in these crucial health topics. Vitafoods India 2024 also featured engaging sessions, including a Fireside Chat with celebrity speaker Luke Coutinho, Holistic Nutrition & Integrative Lifestyle Practitioner, and Avartan Bokil, Founder and Director of Food Strong. The discussion explored the latest innovations and trends in Sports Nutrition, emphasising new formulations and personalised supplements’ impact on performance.
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
Mumbai (Maharashtra) [India], March 1: Piramal Finance, a leading financial services provider, announces the launch of its comprehensive home loan program, offering financing for aspiring homeowners. With a commitment to simplicity, speed, and competitive terms, Piramal Finance aims to make the dream of owning a home a reality for individuals and families across the country.
Seamless Process and Fast Disbursal:
Piramal Finance understands the importance of a smooth and hassle-free home buying experience. With its streamlined application process and efficient approval mechanism, Piramal Finance ensures that borrowers can navigate the loan process seamlessly. Leveraging advanced technology and dedicated customer support, Piramal Finance expedites the disbursal of funds, allowing homebuyers to move into their new homes without delay.
Competitive Interest Rates and Flexible Repayments:
Piramal Finance is committed to offering home loans at competitive interest rates, enabling borrowers to access affordable financing options. In addition, Piramal Finance provides flexible repayment terms tailored to meet the diverse needs and financial circumstances of borrowers. Whether it’s choosing the loan tenure, opting for fixed or floating interest rates, or availing of prepayment options, Piramal Finance offers flexibility and choice to borrowers.
Supporting Homeownership Dreams:
At Piramal Finance, we believe that homeownership is a cornerstone of financial stability and well-being. Our home loan program is designed to empower individuals and families to achieve their homeownership dreams with confidence and convenience. With competitive terms, seamless processes, and personalized support, we are committed to making the home buying journey a rewarding experience for our customers.
For individuals and families aspiring to own a home, Piramal Finance’s home loan program presents a compelling opportunity. With its focus on customer-centric solutions and commitment to excellence.
About Piramal Finance:
Piramal Finance is a leading financial services provider committed to empowering individuals and businesses with innovative financing solutions. Piramal Finance offers a comprehensive range of products and services, including home loans, business loans, structured finance solutions, and more. With a customer-centric approach and a dedication to excellence, Piramal Finance is poised to drive positive change and empower communities across the country.
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
Mumbai (Maharashtra) [India], February 28: Business Loan is a type of financing provided to support the growth, operations, or expansion of a business. Piramal Finance, a leading financial services provider, announces the hassle-free business loan, aimed at empowering entrepreneurs and businesses to accelerate their growth initiatives. With a commitment to simplicity, speed, and support, Piramal Finance offers a streamlined application process, fast disbursal, and personalized assistance to help businesses thrive.
At Piramal Finance, we believe in empowering businesses with access to timely and flexible financing solutions, enabling them to achieve their growth objectives efficiently. With our easy application process, rapid disbursal, and ongoing support, we aim to be the preferred financial partner for businesses looking to scale new heights.
Easy and Quick Application Process:
Gone are the days of lengthy paperwork and complex approval procedures. Piramal Finance’s business loan application process is designed to be straightforward and efficient. Entrepreneurs can apply online and visit a nearest branch of Piramal Finance branch to initiate the application process. The user-friendly interface guides applicants through each step, ensuring a seamless experience from start to finish.
Fast Disbursal:
Time is of the essence for businesses seeking financing to capitalize on growth opportunities. Recognizing this need, Piramal Finance expedites the disbursal of funds to approved applicants. Leveraging advanced technology and efficient processes, Piramal Finance ensures that businesses receive the necessary capital promptly, allowing them to execute their growth strategies without delay.
Helpful to Grow Business:
Piramal Finance understands the challenges and aspirations of entrepreneurs and is committed to being a trusted partner in their journey to success. Beyond providing financial assistance, Piramal Finance offers personalized guidance and support to help businesses thrive. Whether it’s expanding operations, investing in new equipment, or launching innovative products, Piramal Finance is dedicated to fuelling the growth ambitions of its clients.
Conclusion:
For entrepreneurs and businesses seeking hassle-free financing solutions to fuel their growth ambitions, Piramal Finance’s business loan program presents a compelling opportunity. With its commitment to simplicity, speed, and support, Piramal Finance stands ready to help businesses thrive in today’s dynamic marketplace.
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
New Delhi [India], February 27: With the evolving scenario of financial markets, investors are on a constant look out for opportunities that promise not only growth but stability as well. The SENSEX soaring beyond 70,000, propelled by the rapid growth of Small cap and Mid cap funds, has sparked heightened interest in small-cap funds. Furthermore, this has prompted the launch of numerous NFOs, enticing investors with unique prospects and potential high returns.
However, navigating the investment landscape can be overwhelming and selecting the right funds can be daunting for investors.
There are many rating agencies that help investors choose the right option, and Morningstar stands out as the most trusted platform for evaluating mutual funds and ULIPs.
In the Mutual Fund category, Morningstar rates Quant Small Cap fund Growth Option Direct Plan & Quant Small Cap fund Growth as the top 2 funds with the best returns in a 3-year period.
For Unit Linked insurance plans (ULIPs), as of 31st Jan ’24, over a 3-year horizon, PNB MetLife ULIP open funds (Individual Fund Category) are ranked amongst the 1st quartile, in all key categories, which includes 3 Equity categories (Large Cap, Multicap, Midcap), Balanced Allocation and Debt category (Medium to Long Duration).
Most recently, as of 6th Feb ’24, PNB MetLife’s five Funds were top-ranked over a 1-year return period across all the five above-mentioned Morningstar categories.
Additionally, 100% of PNB MetLife ULIP funds are rated 4/5 stars, thereby giving consistently better returns to investors.
This achievement not only positions PNB MetLife as a leader in fund management but also proves to be a great catalyst for growth-oriented avenues for investments. In addition to generating leading returns, PNB MetLife boasts of impressive claim settlement ratios of 99.06% for individual customers and 99.70% for group customers in FY 2022-23.
Keeping up with the momentum of the growing financial market, PNB MetLife has launched an NFO of small-cap funds that caters to the evolving needs and requirements of customers. Unlike traditional investment opportunities that involve mutual funds investing in a portfolio of stocks/bonds, PNB MetLife focuses on integrating insurance with investment opportunities, providing investors with a wealth management solution that’s strategic and holistic in nature. PNB MetLife’s NFO aims to help investors secure their financial future while being a part of small-cap companies’ long-term growth opportunities.
Why Small-cap Funds?
Small-cap funds are customised with the risks and financial goals of the investors kept in mind, offering them a portfolio of assets that is diverse and delivers consistent returns over time. These funds provide exposure to dynamic, early-stage companies with high growth potential, often overlooked by larger investors. With a diversified portfolio of small-cap stocks, investors can capitalise on market inefficiencies, economic expansion, and the innovative capacity of smaller companies. While small-cap investing entails higher volatility and risks, those with a long-term investment horizon may benefit from the potential for substantial returns that small-cap funds can offer.
The promising trend in small-cap funds, highlighted by the NIFTY indexes, has created a big opportunity for investments in the stock market of India. And, as investors explore the market’s ongoing challenges, combining investment with insurance funds is only going to prove beneficial in attaining long-term financial goals.
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
New Delhi (India), February 23: Over the past few years, India has seen major changes in perhaps one of the most unexpected areas; as the Indian education system grows and adapts technology on a greater level, this assimilation is leaving a positive impact in eliminating educational barriers nationwide. For instance, In 2023, India witnessed a surge in female enrollment by 28% in higher education; recent reports indicate that females make up 43% of students enrolled in STEM courses nationally. As this number is expected to rise, the 2024-2025 budget will provide more opportunities for India’s students and private sectors to adopt learning approaches that leverage the nation’s workforce and dispense resources equitably.
On 1st February 2024, India’s Finance Minister Nirmala Sitaraman announced in their budgetary speech that the government will implement a 1 Lakh rupees corpus with an attached 50-year Interest-free loan for long-term financing of research and innovation in domains of technology and science.
Moreover, the 1 lakh rupees corpus carries a little to no interest rate to encourage various private sectors to explore and prioritize research and innovation activities. Beyond the aspect of current defence needs and requirements, this budget also serves as a medium for propelling Indian growth in the future. India has undergone a massive “Brain Drain” over the past few decades due to students facing a lack of opportunities for career prospects and innovative career options. Regardless, this recent Corpus serves as a vital medium for leveraging India’s manpower to generate innovations and developments for our country.
White, the government’s focus on steering India as a digitally-equipped economy has been evident by their distinctive mediums like digital India, Digital public infrastructure and others. These initiatives will augment the nation’s private sector and its capacity to invest and lead innovations. After the announcement of the Corpus, the nation’s finance Minister claimed that “This will encourage finance firms to scale up research and innovation significantly in sunrise domains. We need programs that combine the powers of our youth and technology.”
While there has not been any evidence of the real-time impact of this mandate, leading industrialists have laid claim that these strategic investments will align India with its pursuit of steering towards a future that sees the nation as a leader in innovation.
As we move towards the future, an irrevocable accentuation needs to be placed on altering teaching approaches across the nation. For years, the common ideal around education was the lack of government initiatives that helped institutions radicalize. However, the past decade has changed the spectrum completely. With the government’s 1 lakh corpus and its inverse demand to garner better innovation across the nation, there needs to be a greater focus on experiential learning and experimentation in India’s higher educational institutions.
However, as this commitment is recognized, India’s private education institutions must uphold the obligation of developing an experiential learning approach that harbours and assimilates research, innovation and entrepreneurship. Since private institutions have emerged in India in vast quantities, their potential and talent development are vital for India’s growth and global leadership.
Holding innovation at the pinnacle of their holistic learning pedagogy and integrating technology for propelling augmented student learning, a NAAC ‘A’ grade and UCG 12(B) Status institute IMS Ghaziabad (University Courses Campus) has emerged as a leading institution with more than 3 decades of experience in vital areas of management studies, International business, information technology, bioscience, engineering and media studies.
The institute’s learning methodology curates strategic assimilation of real-time project works, industry interface sessions and industry partnership sessions that help them better understand emerging technologies and corporate practices while developing a keen need for peripheral research and implementation. Affiliated to CCS University, Meerut, the courses at the institute follow a student-centric approach focusing on logic building, result-oriented problem solving, augmentation of solutions and personality development.
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
New Delhi (India), February 17: The annual Union Budget unveils its plans for the Nation’s economy, and naturally, leading entrepreneurs have their keen observations to share. This curated list captures the diverse reactions of prominent business minds, offering valuable insights into how the budget might impact different sectors and the overall entrepreneurial ecosystem.
Dharmesh Mehta – Founder & Managing Director of ARTHAM Finserve Pvt Ltd
The unveiling of a budget that charts a clear course for the Nation is a welcome sight in an era of uncertainty. The cornerstone of this budget is its commitment to policy continuation, instilling confidence and stability in the corporate sector. The FY25 fiscal deficit has been pegged at 5.1% of GDP, lower than market expectations, with a commitment to reducing below 4.5% of GDP by FY26. The budget focuses on a climate-friendly approach, strengthening the EV ecosystem, domestic tourism, and multi-modal logistics to propel India towards a developed nation by 2047. It also includes measures to boost innovation in the defense sector and improve logistics efficiency.
Zeeshaan Pathan – Group MD & CEO of World Development Corporation
Working on Vikasit Bharat, Amritkal & Anusandhan, the budget has a more profound commitment to ESG, growth, research, and innovation. Deep-tech usage in defense will require PPP for cutting-edge tech development. The commitment to ESG with a Net-Zero target by 2070 is to be achieved through Coal Gasification & Liquefaction, E-Vehicles, and Blue Economy 2.0. The “Social” factor is reflected through the proposed strategizing of the population and demographic changes.
Dr. Aamir Junaid Ahmad – Founder and CEO of S S Systems
The budget’s commendable focus on empowering tech-savvy youth is evident in establishing a ₹1 lakh crore corpus for interest-free loans, showcasing dedication to innovation. The commitment to generating employment, particularly for technically skilled youth, aligns with fostering a capable workforce. Furthermore, prioritizing electric vehicle adoption and funding private sector R&D reflects a strategic commitment to sustainability and innovation.
Anubhav Agarwal – Managing Director and CEO of BN Group
Finance Minister Sitharaman’s Interim Budget holds promise for the edible oil industry. The continued focus on ‘Atmanirbhar Oil Seeds Abhiyan,’ emphasizing research, technology adoption, and market linkages, is a welcome step towards self-sufficiency. This, coupled with the increased capital investment outlay, paints a promising picture for rural development and increased consumption, directly impacting our industry’s growth. However, the success hinges on the swift implementation of these initiatives. Streamlining access to high-yielding seeds, ensuring timely procurement at remunerative prices, facilitating value addition, and crop insurance is crucial for farmers to benefit truly. Additionally, sustaining the reduced import duties on key edible oils while strengthening domestic production can create a win-win situation for consumers and industry players.
New Delhi (India), February 15: In a country where the path to financial literacy has been elusive for many, StockGro is lighting the way with its groundbreaking Be Financially Free (BFF) campaign. This initiative is set to redefine the financial landscape of India, addressing the critical need for accessible financial education in a nation where only 27% of adults are financially literate. StockGro’s mission? To empower every Indian with the tools and knowledge for sound financial decision-making.
As we enter 2024, StockGro’s BFF campaign is emerging at a pivotal moment in line with the financial revolution. Harnessing the power of advanced technology and interactive learning, the initiative promises to elevate financial literacy rates across India, cultivating a generation of financially savvy individuals.
StockGro’s cutting-edge tools, notably the Financial Independence Calculator, is at the heart of the BFF initiative. This essential resource, available at Be Financially Free movement page, alongside a comprehensive suite of educational materials, guides users through the intricacies of budgeting, investing, and retirement planning. StockGro’s commitment to financial education extends through partnerships with over 800 leading educational institutions and 30 financial startups, amplifying its impact and fostering a nationwide culture of financial well-being.
With the launch of the BFF campaign, StockGro invites individuals across India to embark on a transformative journey toward financial literacy and independence. This initiative aims to bridge the knowledge gap and instil confidence and financial autonomy among India’s populace. For those ready to take control of their financial future, the Financial Independence Calculator awaits at StockGro’s Financial Tools.
StockGro is on a mission to build a financially literate, empowered India. As StockGro paves the way for a future where financial well-being is a reality for all. Discover more about the Be Financially Free campaign and start your journey to financial independence today.
StockGro is India’s premier experiential social learning platform for trading and investments. With over 30 million users nationwide, StockGro is the trusted destination for individuals seeking to learn and master the art of trading and investments.
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
New Delhi (India), February 14: Did you know that nearly three-quarters of India’s adult population lacks basic financial literacy? In response to this startling statistic, StockGro has unveiled its ambitious Be Financially Free (BFF) movement. This innovative initiative seeks to bridge the financial knowledge gap in India, where understanding money management is crucial for every citizen’s economic well-being.
With its foundation in advanced technology and interactive learning, the BFF campaign aspires to democratise financial education, making it accessible to every Indian across the socio-economic spectrum. Discover this transformative initiative at [StockGro’s Be Financially Free portal] (https://www.stockgro.club/bff/).
At the heart of the BFF initiative lies a collection of innovative tools, chief among them the Financial Independence Calculator. They provide comprehensive guidance on budgeting, investing, and retirement planning, empowering individuals at every stage of their financial journey.
The genesis of the BFF campaign is rooted in a simple yet profound belief: knowledge is power. In finance, this power translates into the ability to make decisions that foster financial health, growth, and resilience. By equipping individuals with this knowledge, StockGro is not just changing financial outcomes; it’s altering life trajectories. The initiative stands as a testament to the transformative potential of informed financial decision-making, underscored by the belief that financial freedom is not a privilege but a right.
Beyond individual empowerment, StockGro’s collaborative endeavours with upwards of 800 educational institutions and 30 finance startups significantly bolster the movement’s reach. This network fosters a nationwide culture of financial literacy and stability, amplifying the impact of the BFF initiative.
As the BFF campaign gains traction, StockGro invites every Indian to join this pivotal movement toward financial literacy and independence. By leveraging the campaign’s resources, including the Financial Independence Calculator, individuals can navigate their financial futures confidently and clearly, paving the way for financial autonomy and prosperity.
StockGro is India’s premier experiential social learning platform for trading and investments. With over 30 million users nationwide, StockGro is the trusted destination for individuals seeking to learn and master the art of trading and investments. StockGro has successfully empowered financial enthusiasts across 800+ prestigious educational institutions and 30 pioneering financial startups, offering a unique and immersive learning experience.
If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.
