Category: Press Release

  • KBC Global Ltd Approves 1 to 1 Bonus Equity Share Plans Expansion and Debt Reduction for Business Turnaround

    KBC Global Ltd Approves 1 to 1 Bonus Equity Share Plans Expansion and Debt Reduction for Business Turnaround

    Nashik (Maharashtra) [India], February 19: Board of directors of Nashik based, KBC Global Ltd, BSE – 541161 engaged in the business of construction and real estate development in the meeting held on 15 February has approved Bonus issue in the ratio of 1:1 (one bonus equity share for every one fully paid equity share of Rs. 1 each) subject to approval of the shareholders of the company. Company aims to turnaround business operations with plans to expedite expansion plans and debt reduction in near future. The Board of Directors also approved proposal to increase authorized capital and proposed renaming KBC Global Ltd to Dharan Infra-EPC Ltd or another name approved by the ROC. Company also approved appointment of Mr. Naresh Karda as chairperson of KBC Infrastructure Ltd, UK based wholly owned subsidiary. Order book of the company at over Rs. 260 crore. Market capitalisation stands at Rs. 300 crore

    The Bonus Equity Shares will be issued from the company’s permissible reserves, including Free Reserves, Securities Premium Account, and Capital Redemption Reserve, as of March 31, 2024. A total of Rs. 261.43 crore will be utilized for the Bonus Issue, with shares credited within 60 days of Board approval. Company’s share capital as on date stands at Rs. 261.43 crore consisting of equal number of equity shares of Rs. 1 each which will increase to Rs. 522.87 crore post the bonus issue. The company will announce the “Record Date” for Bonus Share eligibility in due course, as per SEBI Regulation 30 (2015).

    Recently, Patanjali Food and Herbal Park, Falcone Peak Fund (CEIC) Ltd among other investors to invest upto Rs. 99.50 crore through convertible preferential warrants issue in the company. Board of directors of the company in the meeting held on October 16, 2024 has approved to issue total of 45.23 crore warrants on a preferential basis to non-promoters at Rs. 2.20 per warrants (including a premium of Rs. 1.20 per warrant) aggregating total Rs. 99.50 crore. Each warrant shall be convertible into one equity share of face value of Rs. 1 each fully paid up. The proceeds of the equity issue will be utilize for the repayment of debt. Extra Ordinary General Meeting of the company is scheduled on November 15, 2024 for the same.

    Highlights:-

    • Order book of the company at over Rs. 260 crore. Market capitalisation stands at Rs. 300 crore.
    • Patanjali Food & Herbal Park, Falcone Peak Fund among others to invest upto Rs. 99.50 crore in KBC Global Ltd through preferential warrants
    • Company board approved issue of 45.23 crore convertible warrants on preferential basis at Rs. 2.20 per share; Proceeds will be utilize for the repayment of debt
    • KBC International Ltd, Ghana recently signed MOU with Liberia SEZ Authority for $12.5 Million residential, commercial, and low-cost housing projects
    • In June 2024, KBC Global Ltd’s subsidiary, Karda International Infrastructure Ltd, secured a $20 million subcontract in civil engineering for soft infrastructure from CRJE (East Africa) Ltd.
    • Company has entered into MOU with Capri Global Capital Ltd, securing a waiver of non-financial penal interest. Successfully fulfilled payment obligation to Capri Global Capital Ltd
    • Appointed Mr Naresh Karda as Chairperson of KBC Infrastructure Limited, UK based wholly owned subsidiary.

    Out of the total issue of 45.23 crore warrants to be issued, Falcone Peak Fund (CEIC) Ltd is proposed to allot 26 crore warrants, Patanjali Parivahan Pvt Ltd and Patanjali Food and Herbal Park to be allotted 4.55 crore warrants and Foresight Holding Pvt Ltd is expected to be allotted 2.28 crore warrants. Post issue of the warrants, shareholding of Falcone Peak Fund (CEIC) Ltd in KBC Global Ltd is expected to be 8.48%, Patanjali companies around 1.48% and and Foresight Holding Pvt Ltd around 1.04% respectively.

    Warrants issue is in accordance with the provisions of SEBI (Issue of Capital and Disclosures Requirements) Regulations, 2018 and warrant shall be converted into equity shares of the company within 18 months of the allotment with receipt of the remaining amount. Board of directors also appointed Ms. Muna Makki as an Executive Director of the Company subject to approval of Members.

    Recently, KBC International Ltd, Ghana drop-down subsidiary of KBC Infrastructure Ltd, UK (Wholly owned subsidiary of KBC Global) has entered to Memorandum of Understanding with Liberia Special Economic Zone Authority for construction and development of residential building complexes, low cost housing and Commercial space in SEZ with estimated cost of USD 12.5 million USD. The project is expected to commence from Q2 2025 and is expected to complete within three calendar years. Liberia Special Economic Zone Authority is entity established by Government of Liberia under Special Economic Zone Act 2017. This is a second prestigious international order received by KBC Global.

    In June 2024, KBC Global Ltd, through its subsidiary Karda International Infrastructure Ltd, has secured a $20 million civil engineering subcontract in the soft infrastructure segment from CRJE (East Africa) Ltd. CRJE, part of the China Railway Construction Group, has a strong legacy of building railways and five-star hotels across Africa. This contract marks KBC Global’s entry into Africa’s infrastructure development, positioning the company as a key player in the region’s growth.

    Company has recently commenced a new project in Deolali, Nashik. The project is located at Survey No. 87/2/2B, Plot No. 4, on Jai Bhavani Road has a proposed area of 31,998 sq ft with six commercial and twenty-two residential units on the plot area of 761.32 sq meter.

    Established in 2007, the company specializes in developing and selling residential and residential-cum-office projects in Nashik, India. Key projects include Hari Gokuldham, Hari Nakshtra-II Eastext Township, and more. The company focuses on residential, commercial, and contractual projects and has announced strategic expansion plans domestically and internationally.

    On 21st September 2024, company has successfully fulfilled its payment obligation to Capri Global Capital Ltd and has fully regularized the default on September 19, 2024. Furthermore the company also entered into a favourable Memorandum of Understanding (MOU) with Capri Global Capital Limited, securing a waiver of non-financial penal interest. As of today, the outstanding balance with Capri Global Capital Ltd stands at Rs. 13.50 crore. This agreement underscores the strong relationship and trust between both parties, positioning the company for continued growth and stability. This will add more pace to construction activities of projects Hari Vasant, Hari Aakruti Phase II of the company.

    During the month of September, 2024 the company has successfully handed over possession of 13 units from its projects – Hari Kunj Mayflower – 5, Hari Krishna Phase IV – 4,  Hari Vishwa – 1 and Hari Sanskruti Phase II 4. Since April 2024, the company has handed over possession of total 135+ residential and commercial units in Nashik, Maharashtra. This includes 91 units from the Hari Kunj Mayflower project (MAHARERA Reg no: P51600020249) and 28 units from the Hari Krishna Phase IV project, with the rest from other ongoing projects.

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  • Maximus Records 43% QoQ Revenue Growth, EBITDA Up 17%

    Maximus Records 43% QoQ Revenue Growth, EBITDA Up 17%

    New Delhi [India], February 19: Demonstrating unwavering financial resilience and strategic acumen, the company has delivered yet another quarter of robust growth, underscoring its commitment to sustained expansion and operational excellence. The latest financial performance for 9MFY25 reflects a remarkable surge across key metrics, driven by a steadfast focus on revenue acceleration, profitability enhancement, and capital efficiency. With an impressive uptick in revenue, EBITDA, and PAT, alongside a significant reduction in leverage, the company continues to fortify its financial foundation, positioning itself for long-term value creation. The following analysis delves into the company’s strong performance trajectory, highlighting its ability to navigate market dynamics while reinforcing its competitive standing.

    Update on Financial Performance:

    • Streamlined Revenue: The company reported a substantial revenue of INR 1120 Mn for 9MFY25, reflecting an impressive 56% increase compared to 9MFY’24. Additionally, it achieved INR 369 Mn in revenue for QE Dec ’23, marking a 43% increase over the previous quarter, while consistently maintaining strong quarter-on-quarter growth. This performance underscores the company’s unwavering commitment to sustained development.
    • EBITDA Performance: Driven by an unwavering commitment to growth, the company recorded an EBITDA of INR 45 Mn, reflecting a notable 17% increase from QE Sep ’24 and a 19% increase compared to QE Dec ’23. This performance also highlights a substantial surge of INR 118 Mn, representing a 49% increase compared to 9MFY ’24, further reinforcing the company’s continued upward trajectory.
    • Strategic Excellence: This impressive performance highlights the company’s strategic acumen and unwavering dedication, enabling it to maintain robust EBITDA margins in recent quarters, further bolstering its position for sustained growth.
    • Profit After Tax (PAT) Growth: The substantial rise in EBITDA has driven Profit After Tax (PAT) to INR 71 Mn, reflecting an impressive 35% growth compared to 9MFY ’24. Additionally, the company posted a robust 31% increase to INR 28 Mn compared to QE Sep ’24, and an 8% increase over QE Dec ’23, further demonstrating its alignment with long-term corporate objectives.
    • Financial Fortitude: Demonstrating remarkable financial resilience, the company has successfully reduced its debt-equity (DE) ratio by 29% compared to 9MFY ’24, underscoring its financial strength and stability throughout this fiscal year.

    Update on Fund Raising: 

    • The company has utilized the funds as per the disclosure in the notes of financial results.

    Financial Synopsis:

    Particular QoQ 9M FY25
    Dec-24 Dec-23 Change

    %

    Dec-24 Dec-23 Change %
    Revenue 369 258 43% 1,120 719 56%
    Total Income 376 261 44% 1,134 724 57%
    EBIDTA 45 38 19% 118 79 49%
    PBT 32 29 11% 82 55 50%
    PAT 28 26 8% 71 52 35%
    D/E Ratio 0.73 1.03 -29% 0.73 1.03 -29%

     

  • WHY NOT FITNESS Opens Its Doors in Khar – Redefining Fitness with Innovation and Excellence

    WHY NOT FITNESS Opens Its Doors in Khar – Redefining Fitness with Innovation and Excellence

    Mumbai (Maharashtra) [India], February 18: Mumbai’s fitness landscape just got a game-changer! WHY NOT FITNESS, the latest premium fitness hub by ABSV FITNESS CLUB LLP, is now open at DHL Mangalmurti Building, 4th Floor, Above Jack & Jones, Near Arya Samaj, Linking Road, Santacruz (W), Mumbai – 400054. Designed to be more than just a gym, WHY NOT FITNESS is a wellness destination that blends state-of-the-art equipment, elite trainers, and diverse training methodologies to cater to every fitness enthusiast—whether a beginner or a seasoned athlete.

    The opening saw the presence of Jay Bhanushali, Arti Singh, Deepak Chauhan, Rishabh Sawhney, Gurpreet Kaur Chadha, Mahhi Vij, Munna Thakur, Sneha Namanandi & Many More.

    WHY NOT FITNESS is the brainchild of a team of visionaries who believe in pushing boundaries and redefining the fitness experience. Spearheaded by Bonnie Dsouza, Anwar Kadri, Afreen Kadri, Shahrukh Khan, and Vijay Kapoor, this dynamic team aims to create a space where passion meets precision, ensuring every member embarks on a transformative fitness journey.

    With an unwavering commitment to holistic well-being, WHY NOT FITNESS offers a comprehensive range of services, ensuring members achieve their health and fitness goals with unparalleled support: Weight Training & Cardio Sculpt, strengthen and boost endurance with cutting-edge machines from Real Leader and Shua, designed for peak performance. Group Classes Keep the energy high with an array of engaging sessions Yoga, Zumba, Bollywood Dance, and Kickboxing tailored to build strength, flexibility, and stamina in a fun and dynamic setting. Pilates Master core strength, stability, and flexibility with expertly curated Pilates programs. Steam & Shower Facilities Indulge in post-workout relaxation with rejuvenating steam therapy and premium shower amenities. Expert Floor Trainers Train under _certified fitness professionals_ dedicated to guiding and motivating members toward their ultimate fitness goals.

    WHY

    WHY NOT FITNESS is not just about breaking a sweat—it’s about fostering a lifestyle of health, discipline, and motivation. Whether you’re here to build muscle, torch calories, or rejuvenate your mind and body, this fitness haven promises personalized attention, cutting-edge training techniques, and an empowering community that fuels your fitness aspirations.

    “At WHY NOT FITNESS, we believe that fitness is not just a routine, it’s a way of life. Our vision is to create a space where individuals of all fitness levels feel empowered, motivated, and supported in their journey to becoming the best version of themselves. With world-class equipment, expert trainers, and a dynamic mix of training programs, we’re here to break barriers and redefine what it means to be truly fit. Whether you’re lifting, stretching, dancing, or simply pushing your limits WHY NOT? The journey starts here, and we’re thrilled to welcome Mumbai to a fitness revolution like never before”- says Bonnie Dsouza, Anwar Kadri, Afreen Kadri, Shahrukh Khan, and Vijay Kapoor

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  • Automation Expo South 2025: South India’s Premier Event for Industrial Automation, AI and Robotics

    Automation Expo South 2025: South India’s Premier Event for Industrial Automation, AI and Robotics

    Chennai (Tamil Nadu) [India], February 18:  With industries embracing automation, AI, and robotics at an unprecedented pace, Automation Expo South 2025 stands as the definitive platform to explore groundbreaking solutions shaping the future of manufacturing, industrial automation, and digital transformation. Taking place from 6th to 8th March 2025 at the Chennai Trade Centre, the event will bring together top global brands, industry experts, and key decision-makers under one roof.

    As industries accelerate their adoption of automation, process control, and Industry 4.0 solutions, Automation Expo South 2025 will serve as a powerful catalyst for innovation, providing an unparalleled opportunity for professionals across manufacturing, automotive, oil & gas, pharmaceuticals, and more to discover cutting-edge technologies, gain valuable insights, and forge industry partnerships.

    What to Expect at Automation Expo South 2025?

    • 10,000+ Square Meters of Exhibition Space
    • 300+ Exhibitors Showcasing Leading Automation Brands
    • Live Demonstrations of AI, Robotics & Smart Factory Solutions
    • Exclusive Conferences with Industry Experts & Thought Leaders
    • Strategic Networking Opportunities with Decision-Makers & Innovators

    Key Highlights of Automation Expo South 2025

    CEO Forum – Future Trends in Automation & Leadership (6th March 2025)

    Join the region’s top CEOs, CTOs, and industry visionaries discussing the transformative impact of AI, robotics, and digital transformation on business strategies. Key discussion points include:

    • AI and machine learning – Reshaping industrial automation
    • Leadership strategies for smart manufacturing
    • The evolving role of robotics in enhancing efficiency across industries

    Conference on Process & Valve Automation (7th March 2025)

    An exclusive platform to explore the latest advancements in process automation, valve control, and digital transformation. Industry pioneers will share real-world case studies, IoT-driven solutions, and AI-powered automation systems to drive industrial excellence.

    Conference on Factory Automation & Robotics (7th March 2025)

    Gain insights into smart factories, robotics, machine vision, and industrial AI. Learn how automation is driving efficiency, sustainability, and productivity across global industries.

    Back to Basics – Hands-on Automation Course (8th March 2025)

    A technical training program tailored for engineers, technicians, and automation professionals, covering:

    • Advanced control systems
    • Cybersecurity in industrial automation
    • Industrial networking & IIoT
    • Smart instrumentation & automation tools

    Why Attend Automation Expo South 2025?

    • Connect with Global Automation Leaders
    • Experience Future-Ready Technologies
    • Enhance Your Industry Expertise
    • Unlock Business Growth & Opportunities

    Top Exhibitors at Automation Expo South 2025

    Attendees can expect 300+ exhibitors showcasing the latest innovations in automation, industrial control, and smart manufacturing, including:

    • Advantech
    • Autonics
    • Eaton MTL
    • JUMO
    • Pepperl & Fuchs
    • Phoenix Mecano
    • Yokogawa
    • Baumer
    • Sanyo Denki
    • Janatics
      …and many more!

    Dr. M. Arokiaswamy, Founder & Managing Director – IED Communications Ltd., emphasizes AI and robotics’ transformative impact on industries, with Automation Expo South 2025 showcasing their role in revolutionizing productivity, safety, and innovation.

    Industry Leaders Speak:

    Dr. B. R. Mehta, Director Projects – Waaree Group

    “Automation Expo South will showcase Best in class technologies, innovation and Shape of things to come.”

    Dr. Kirti Shah, VP Projects – Waaree Group

    “The ONLY platform for networking and knowing technological developments”

    Dr. Thampy Mathew, CEO – Agate Advisory

    “The convergence of AI, digitalization, and robotics is revolutionizing industrial applications. Automation Expo South 2025 is where engineers and operators can engage in insightful discussions, explore solutions, and gain first-hand knowledge of the industry’s latest advancements.”

    Mr. Sajiv Nath, Regional Managing Director – Yokogawa India Ltd.

    “Yokogawa will be showcasing cutting-edge advancements in industrial automation and digital transformation, presenting their latest innovations in AI, analytics, and instrumentation products. This will provide a unique platform for attendees to discover new strategies for enhancing operations and driving sustainable growth in their industries. Yokogawa presents the latest advancements in industrial automation and digital transformation, empowering attendees to discover new strategies for enhancing operations, reducing costs, and achieving sustainable growth. “

    Mr. Rupesh Desale, Managing Director – JUMO India

    Jumo India’s presence at Automation Expo South 2025 will emphasize our role as a leading system and solution provider, showcasing our commitment to advancing industrial automation.”

    Mr. Sherry Thomas, Managing Director – Gadgeon Smart Systems

    “Excited to showcase cutting-edge IoT solutions, empowering industries with Real-Time data insights and Artificial Intelligence for seamless automation and operational efficiency at Automation ExpoSouth 2025”

    Mr. Philipose Jacob, Managing Director – EATON India

    Eaton Crouse Hinds, Bline, Oil & Gas Business is participating at the Automation Expo South from March 6 – 8 at Chennai – (Booth B11, Hall 3) Meet our team of experts, gain new insights and explore our innovative products and services designed for oil and gas, water and wastewater and the industrial sectors. Visit our Innovation Wall, where we are thrilled to share our latest CCTV development – Made in India – the Eaton EX and Safe Area Series Camera Range, MTL Renewable Surge Protection Devices, MEDC Metallic Beacon, MTL GECMA Tablet and MTL HART Over Ethernet Device.

    Mr. Vilas Kulkarni, Managing Director – Baumer Technologies

    Baumer Technologies brings innovation to industrial measurement with durable and accurate instrumentation at ExpoSouth 2025”

    Mr. Lalit Kumar Mishra, Country Head – Cognex Corporation

    Cognex strengthens its market leadership in industrial barcode reading with the AI- powered DataMan 290 and 390, delivering unmatched reliability and ease of use. Experience these innovations firsthand at Automation Expo South 2025.”

    Mr. Akshay Adhalrao,  Managing Director -Dynalog India

    “As a leader in industrial automation, we are excited to showcase our cutting-edge GPU solutions, rugged panel PC’s & industrial displays, high-performance industrial Ethernet switches, and advanced firewalls at Automation ExpoSouth 2025, driving innovation and connectivity for smart industries.”

    Automation Expo South 2025 – Event Details

    Dates: 6th – 8th March 2025
    Venue: New Exhibition Hall, Chennai Trade Centre, Chennai
    Entry: Free for Industry Professionals https://www.viablesoft.org.in/AutomationExpo2025VD/index.aspx

    Register Now:https://south.automationindiaexpo.com/

    For media inquiries, sponsorships, and exhibitor bookings, contact:

    Email: jyothi@iedcommunications.com

    Stay ahead of the automation revolution – Join us at Automation Expo South 2025!

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  • Jamboree Education Launches Four New Centres in Bangalore, Kolkata, Hyderabad, and Pune

    Jamboree Education Launches Four New Centres in Bangalore, Kolkata, Hyderabad, and Pune

    New Delhi [India], February 17: Jamboree Education, a leading provider of test preparation and academic counselling for students aspiring to study abroad, is excited to announce the launch of four new centres across India, taking the total to 34 centers. These new locations in Bellandur (Bangalore), Salt Lake (Kolkata), Tarnaka (Hyderabad), and Hinjawadi (Pune) will cater to the growing demand for study-abroad counselling services and expert coaching in competitive exams such as GMAT, GRE, SAT, TOEFL, IELTS, and more.

    Since 1993, Jamboree Education has helped lakhs of students achieve their dreams of studying at top universities worldwide. The expansion of its physical presence is a testament to the company’s commitment to making high-quality education accessible to students across India.

    “We are thrilled to open these new centres in four major cities across India. This expansion not only enables us to reach more students, but also allows us to provide personalised coaching and expert advice to help them succeed in their academic and professional pursuits,” said Aryama Dutta Saikia, CEO of Jamboree Education. “These new locations reflect our continued growth and commitment to supporting students in their journeys to study abroad.”

    New Locations:

    • Bellandur (Bangalore) – Conveniently located for students and professionals in South Bangalore, this centre will offer personalised coaching for various international entrance exams, along with admissions counselling for universities across the world.
    • Salt Lake (Kolkata) – Situated in the IT hub of eastern India and one of Kolkata’s most prominent educational hubs, the Salt Lake centre is poised to serve aspiring students from the eastern part of India.
    • Tarnaka (Hyderabad) – Located in a prime educational and residential zone, the Tarnaka centre will cater to students looking to pursue higher education abroad, providing them with world-class coaching and resources.
    • Hinjawadi (Pune) – Known for its thriving student community, the Hinjawadi centre in Pune will offer students access to specialised courses designed to help them excel in their global education journey.

    These new centres will offer Jamboree’s signature teaching methods, which combine classroom instruction, mock tests, and personalised mentoring to ensure the best results. Each location will be staffed with expert trainers and academic counselors who are dedicated to guiding students through every stage of their exam preparation and application processes.

    In addition to test preparation, Jamboree Education provides services such as visa counseling, application assistance, and profile evaluation to ensure that students have a comprehensive support system as they work towards studying abroad.

    The launch of these centres is part of Jamboree Education’s broader strategy to provide students with the resources and guidance they need to succeed in an increasingly competitive global education landscape. With these four new centres, Jamboree is set to enhance its footprint and continue helping students realise their dreams of studying at prestigious international institutions.

    About Jamboree Education

    Jamboree Education is India’s leading institute for standardised test preparation. With over 30 years of experience, the company offers coaching and counseling services for exams such as GRE, GMAT, SAT, IELTS, TOEFL, and others. Jamboree’s expert faculty and comprehensive programs have helped thousands of students gain admission to top universities across the globe. The company is committed to empowering students with the knowledge, skills, and confidence to succeed in their academic and professional aspirations.

    For more information, please visit www.jamboreeindia.com.

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  • Revolutionizing Aging: Priya Living Expands to India

    Revolutionizing Aging: Priya Living Expands to India

    New Delhi [India], February 17: Founded in Silicon Valley in 2013 by Arun Paul, Priya Living has reimagined senior living in the United States, creating vibrant communities where aging is embraced with joy, creativity, and purpose. Now, Priya Living is bringing its innovative approach home to India—offering a new vision for elderhood as the most fulfilling stage of life.

    “Priya Living is deeply personal to me,” said Arun Paul, Founder of Priya Living. “It is a tribute to my parents, who left everything behind in India to give me a life of opportunity in the United States. Their sacrifices, their resilience, and their enduring connection to India inspired me to create Priya Living. Now, I want to reconnect the Indian diaspora with their roots while also addressing the growing need for a fresh, dynamic approach to aging in India itself.”

    Priya Living’s communities are designed as more than just residences—they are thriving hubs of culture, learning, and connection. Here, life’s possibilities never end, and people can rediscover old passions while exploring new horizons. Priya Living features modern, boutique-inspired spaces, world-class services, experiential programming, and curated experiences, These communities attract both elders and younger generations, creating a vibrant intergenerational space that blends the wisdom of old age with flourishing dynamic ideas.

    As Priya Living expands to India, it introduces a powerful, transformative way of life, challenging the outdated notions of senior living, and proving that aging is not about slowing down—it’s about growing, exploring, and achieving our highest level as human beings. Priya Living is not just about a place or a space for community, culture, and choice, its a movement to redefine what it means to age.

    My Vision for India

    “This year marks the beginning of an exciting new chapter for Priya Living, as we bring our vision to India. We are launching our first communities in Delhi, Hyderabad, and Ahmedabad—three vibrant cities that reflect India’s diversity, energy, and future. These communities will serve as a model for how elderhood can be redefined in India, blending the best of global design and service with the deep cultural and emotional connections that are so central to Indian families.

    But this is just the beginning. Over the coming years, we plan to expand to dozens of cities across India, from Tier I to Tier III. Our vision is to create vibrant communities in cities and regions where families are looking for modern solutions to support their parents. By doing so, Priya Living will not only transform the lives of elders in India but also set a new global standard for aging that the rest of the world will look to as an example.

    With these plans, India will stand at the forefront of a global movement to redefine what elderhood can be—a time of growth, reinvention, and connection. And for me, personally, it’s deeply emotional to be bringing this vision back to the country that has always been home in my heart.”

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  • 13th Global Festival of Journalism and AVGC Noida 2025 Kicks Off with Grandeur at Marwah Studios

    13th Global Festival of Journalism and AVGC Noida 2025 Kicks Off with Grandeur at Marwah Studios

    Noida (Uttar Pradesh) [India], February 17: The 13th Global Festival of Journalism & AVGC Noida 2025 commenced with grandeur at Marwah Studios, Film City, Noida, organized by the International Journalism Centre (IJC), Asian Academy of Film & Television (AAFT), and International Chamber of Media and Entertainment Industry (ICMEI).

    This pioneering festival, the first of its kind in the world, has become a landmark event in the media industry, uniting journalists, filmmakers, media professionals, and students from India and abroad. Designed to honor and celebrate journalism, the festival truly embodies the spirit of being “of the journalist, by the journalists, for the journalists.”

    With a record-breaking 33 media and AVGC-related events, the festival serves as a vibrant platform for discussions on press freedom, ethical journalism, technological advancements in media, and the growing AVGC (Animation, Visual Effects, Gaming, and Comics) sector.

    Dr. Sandeep Marwah, Festival President, President of ICMEI, and Chancellor of AAFT University of Media and Arts, initiated and expressed his vision, stating: “Journalism is the pillar of democracy, and through this festival, we aim to spread the message of love, peace, and unity. The media has the power to bridge gaps and foster global harmony. The integration of AVGC into this festival is a step towards embracing the future of digital media and entertainment.”

    The event was graced by several renowned national and international dignitaries, each sharing their thoughts on the significance of journalism and media in today’s world: Dr. Kiran Bedi, Former Governor of Puducherry, emphasized the role of journalism in shaping public opinion and holding authorities accountable. She stated: “A responsible media is the backbone of any democratic society. Truthful, unbiased, and ethical journalism must always be upheld. Festivals like GFJN inspire young journalists to embrace the core values of this noble profession.”

    Deepak Singhal, Former Chief Secretary, UP, spoke about the evolving nature of journalism, saying: “The digital era has transformed the way news is consumed. The challenge for today’s journalists is to maintain authenticity amidst the rapid spread of misinformation.” Cdr. K.L. Ganju, Hon. Consul General of Comoros, highlighted the global importance of ethical journalism and stated:

    “Journalism has the power to influence international relations. Ethical reporting is essential in maintaining peace between nations.”

    Dr. Waiel Awwad, Senior Journalist from Syria, provided insights into journalism in conflict zones, saying:

    “Reporting in war-torn areas comes with immense challenges. It is crucial that journalists remain fearless yet responsible in their pursuit of the truth.” Aji Fatoumatta Joof, First Secretary, Gambia High Commission, shared her experience of media’s role in diplomatic relations, noting: “Journalism is not just about reporting; it is about storytelling that educates and connects cultures worldwide.”

    Anil Sharda, Senior Journalist, narrated his experiences and emphasized: “Journalism should never be about sensationalism. Instead, it must be about facts, research, and impact.” Sharmishtha Sharma, Senior Journalist, spoke on the need for gender balance in journalism, stating: “More women in media leadership positions will bring diverse perspectives and create a more inclusive media landscape.”

    Naveen Choudhary, Senior Journalist & Author, expressed his views on the future of journalism, saying: “With AI and technology shaping news consumption, it is imperative to uphold credibility and journalistic ethics.” Aparna Moazzam, TV Anchor, stressed the importance of responsible television journalism, adding: “As journalists, we must ensure that we report with integrity and contribute to an informed society.”

    Alongside thought-provoking discussions, the festival featured prestigious releases, including: Poster Release: Shaheed Bhagat Singh Forum, honoring the legendary freedom fighter. Book Launch: Mere Bachpan Ka Chand by Dr. Dewakar Goel, reflecting on childhood memories and the evolving landscape of education.cThe event was skillfully anchored by Mehak Zaidi, Assistant Professor at AAFT School of Journalism & Mass Communication, who kept the audience engaged and inspired.

    The 13th Global Festival of Journalism & AVGC Noida 2025 set a new benchmark for media festivals worldwide. With its strong focus on journalistic integrity, media ethics, and technological advancements, the festival is expected to influence future generations of journalists and media professionals.

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  • Transforming Construction in Gujarat: Hitech Projects and Innovation

    Transforming Construction in Gujarat: Hitech Projects and Innovation

    New Delhi [India], February 17: Hitech Projects, a leading construction company based in Ahmedabad, is celebrating over 27 years of groundbreaking achievements in the industry. Since its inception in 1996, Hitech has grown into one of Gujarat’s most trusted and innovative construction firms, delivering excellence across industrial, residential, commercial, and institutional projects.

    This commitment is evident in Hitech’s adherence to Environmental, Health, and Safety (EHS) standards, which earned it ISO 45001 certification. Their commitment to excellence is demonstrated through ISO 9001 certification, which ensures high-quality management, consistent service standards, and customer satisfaction. The company’s portfolio includes over 100 completed projects and 25 ongoing ventures, supported by a workforce of 4,000 and 600+ skilled professionals.

    Founded with a mission to redefine quality in construction, Hitech Projects has consistently raised the bar for timely project delivery and superior standards. The company’s Managing Director, Munir Shah, reflects on this journey:

    “With over 25 years of experience, we’ve entered an era of high-rise, iconic buildings where technology and quality are indispensable. Committed to building legacies that shape the future of construction, we prioritise timely delivery and quality construction in every project.”

    The Regalia: A Milestone in High-Rise Construction

    Hitech’s recent achievement, Regalia at GIFT City, stands as Gujarat’s tallest building, soaring to 122 meters with 30 stories. Completed in just 22 months, the project highlights the company’s ability to merge innovation with efficiency.

    Hitech introduced Gujarat’s first Self-Climbing Boom Placer for this project, which played a crucial role in its rapid progress. The Self-climbing Boom Placer, ensures precise concrete placement across large areas, improving labour productivity. Ideal for high-rise projects, it enhances efficiency, while the Hydraulic Safety Screen ensures worker safety, showcasing Hitech Projects’ commitment to innovation.

    Safety at the Core
    Hitech’s commitment to safety is unparalleled, exemplified by Regalia’s achievement of 1.1 million safe man-hours. A dedicated safety park, rigorous inspections, and training programs underline the company’s focus on workforce well-being. Introducing Gujarat’s first Self-Climbing Hydraulic Safety Screen, along with innovative measures like quarterly mock drills, vertigo tests for high-rise workers, and modern fall protection systems, further reinforces this dedication.

    Driving Innovation Through Technology

    Hitech leverages cutting-edge construction technologies, including advanced formwork systems of international companies like Peri, Doka & more, BIM (Building Information Modeling), and ERP solutions, to ensure seamless project execution. These tools enable real-time monitoring and efficient resource allocation, maintaining quality while meeting tight deadlines.

    Building the Future

    The Regalia stands today as a distinguished milestone in Gujarat’s high-rise construction landscape, a testament to architectural excellence. On the contrary, visionary Chairman Mr. Tejas Dalal states “The Empire State Building, towering at 381 meters, was completed in just 14 months back in 1931—a testament to engineering marvels of its time. In comparison, Gujarat’s tallest commercial building, standing at 122 meters, took 22 months to complete, reflecting the technological and logistical challenges India still faces today. At Hitech Projects, we view this gap not as a limitation but as an opportunity. Our mission is to bring world-class construction efficiency to India and shape Ahmedabad’s skyline into one that rivals the world’s greatest cities.”

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  • Sattva Sukun Lifecare’s Q3 net profit surges 84 Percent, revenue up 29 Percent

    Sattva Sukun Lifecare’s Q3 net profit surges 84 Percent, revenue up 29 Percent

    Mumbai (Maharashtra) [India], February 17: Sattva Sukun Lifecare Limited (formerly known as Mayukh Dealtrade Limited) (BSE: 539519), a Mumbai-based company engaged in the manufacturing of various types of burners, has announced robust financial results for the quarter ended December 2024 and the nine-month period of financial year 2024-25. The results were approved by the Board of Directors in their meeting on Tuesday.

    For the quarter ended December 2024, Sattva Sukun Lifecare’s revenue from operations was Rs. 195.54 lakh, 29% higher than revenue of Rs. 151.54 lakh in the corresponding quarter of the previous financial year. Net profit for the December 2024 quarter was Rs. 69.23 lakh, 83.84% higher than the previous year’s Rs. 37.67 lakh.

    For the nine-month period ended December 2024, Sattva Sukun Lifecare’s revenue from operations was Rs. 421.14 lakh, an increase of 64.47% over Rs. 256.09 lakh in the same quarter of the previous financial year. Similarly, net profit for the period was Rs. 164.80 lakh, 125.6% higher than Rs. 73.03 lakh in the same period of the last year.

    Key Highlights:

    • Sattva Sukun Lifecare’s Q3 net profit surges 84%, reaching Rs. 69.23 lakh.
    • Q3 revenue for December 2024 grows 29% to Rs. 195.54 lakh.
    • Nine-month revenue for FY 2024-25 increases 64.47% to Rs. 421.14 lakh.
    • Net profit for the nine-month period rises 125.6% to Rs. 164.80 lakh.

    The significant improvement in revenue and profitability reflects Sattva Sukun Lifecare’s strong operational performance, strategic growth initiatives and increasing demand for its high-quality products. The company remains focused on strengthening its position while exploring new opportunities for expansion and value creation.

    In January 2025, the Board of Sattva Sukun Lifecare Limited approved fundraising of up to Rs. 49.50 crore through A Rights Issue. The company also approved the issuance of bonus shares in the ratio of 3:5 last month.

    Sattva Sukun Lifecare

    Sattva Sukun Lifecare (BSE: 539519) is a prominent player in aroma burner/ diffuser, camphor freshners ,camphor diffuser/burner, essential/ aroma oils,night lamps , and various handicraft products.

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  • Narayana Dominates JEE Main 2025 Session 1 with Exceptional Results

    Narayana Dominates JEE Main 2025 Session 1 with Exceptional Results

    Hyderabad (Telangana) [India], February 15: Narayana Educational Institutions has once again demonstrated its academic excellence in JEE Main 2025 Session 1, with several students securing top ranks and perfect scores. The latest results reaffirm Narayana’s position as one of India’s leading educational institutions, for academic and competitive exam success.

    In an extraordinary achievement, five Narayana students have secured a perfect 100 percentile in JEE Main 2025 Session-1. With only 14 students across the country achieving this distinction, an impressive 35% of them are from Narayana, underscoring the institution’s academic strength and commitment to excellence.

    Leading the achievers, Bani Brata Majee scored a perfect 300/300, securing 100 percentile, a testament to his dedication and Narayana’s academic framework. Alongside him, Ayush Singhal, Kushagra Gupta, Vishad Jain, and Shiven Vikas Toshniwal also achieved 100 percentiles, reflecting the institution’s commitment to fostering excellence.

    Narayana students were toppers in 8 states, further showcasing the institution’s strong academic footprint nationwide. Ayush Singhal emerged as the Rajasthan state topper, Kushagra Gupta secured the top position in Karnataka, and Vishad Jain led in Maharashtra. Bani Brata Majee topped Telangana, while Piusa Das, Arnav Jindal, Sunay Yadav, and Shiven Vikas Toshniwal secured top ranks in Punjab, Chandigarh, Tamil Nadu, and Gujarat.

    Sharing his experience, Bani Brata Majee highlighted Narayana’s unique learning ecosystem. “The daily tests, in-depth discussions, and personalised guidance made a significant impact on my preparation. Our teachers not only helped us correct mistakes but also refined our exam strategies,” he said.

    Dr. P. Sindhura Narayana, Director of Narayana Educational Institutions, praised the students’ achievements, stating, “Narayana’s curriculum blends conceptual depth with problem-solving techniques, ensuring students are well-prepared for competitive exams and beyond.”

    Adding to this, Miss P. Sharani Narayana, Director of Narayana Educational Institutions, emphasised the role of nLearn, the institution’s digital learning platform. “nLearn has transformed exam preparation by providing structured test series, real-time progress tracking, and personalised analysis,” she stated.

    As students now shift their focus to JEE Advanced 2025, Narayana continues to provide a strong academic foundation that extends beyond exams. With each passing year, its results continue to set new benchmarks in competitive exam success, reinforcing the belief that at Narayana, “Your Dreams Are Our Dreams.”

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