Tag: Business

New Delhi (India), July 23: Exhicon is proud to announce the development of Pune’s premier Convention & Exhibition Centre, an expansive, multi-purpose venue that sets a new standard for MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities in the city. Spanning a total project area of 300,000 square feet, this cutting-edge complex will be located in the heart of Pune, offering unparalleled amenities and flexibility for a wide range of events.

Venue Highlights:

• Expansive Facilities: The centre boasts Pune’s biggest convention area with 60,000 square feet of air-conditioned space, semi-permanent and permanent exhibition halls designed to host a variety of events, with 100,000 square feet of lush green lawns, perfect for large-scale events and a grand stage to enhance any outdoor occasion.
• Accommodation: With 25 well-appointed guest rooms, attendees can stay on-site, ensuring convenience and comfort.
• Ample Parking: The venue features parking capacity for up to 2,500 vehicles, making it accessible for large gatherings.
• Versatile Spaces: Equipped with both semi-permanent and permanent exhibition halls & large banquets, the centre is designed to host a variety of events, from intimate gatherings to grand banquets and corporate functions. An expansive kitchen area supports large catering needs, ensuring seamless service for weddings, conferences and social events.

Pune’s Foremost Event Destination:

Positioned to be Pune’s biggest venue for exhibitions, conventions, meetings, and live events, this dynamic facility is to be engineered to accommodate both physical and hybrid events. The centre’s flexible infrastructure and modern amenities is to provide an ideal setting for any event, from high-profile corporate meetings to vibrant cultural festivals.

With its strategic location at Hadapsar in Pune, the first phase of this state-of-the-art venue is to be completed and open for bookings by December 2024. The second and final phase of the venue is to be opened by March 2025.

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House of Maruti: Bridging the Gap Between Indian Textiles and Global Fashion

Surat, (Gujarat) (India) July 22 : House of Maruti, a name synonymous with excellence in the textile industry, is making waves with its ambitious plans to expand its footprint in Dubai and the broader Gulf region. Known for its exceptional quality and innovative designs, this government-recognized export house is setting its sights on collaborations with leading fashion players in the region, aiming to deliver the latest in fashion to garment industries.

A Legacy of Excellence

Founded in Surat, India’s renowned textile hub, House of Maruti has built a formidable reputation over the years. The company operates through three distinct subsidiaries: Maruti Exim, which handles global exports; Maruti Trendz, catering to the Indian domestic market; and Maruti Studio, specializing in digital printing and bespoke fabric creations. This diversified approach has allowed House of Maruti to seamlessly blend traditional craftsmanship with cutting-edge technology, resulting in luxurious textiles that cater to a discerning global clientele.

Strategic Expansion in the Gulf

The company’s strategic expansion began in earnest with the opening of its Dubai office in 2011. Co-founder Vikas Modi explains, “We have grown significantly in the Gulf region and the Middle East since establishing our presence in Dubai. The city’s strategic location has enabled us to extend our operations to neighboring countries and even into Africa, creating new growth opportunities. We are now looking to collaborate with leading fashion players in the region to further extend the reach of our world-class textiles and craftsmanship.”

A Diverse Product Portfolio

House of Maruti boasts an impressive product portfolio that includes fabrics made from polyester, cotton, viscose, and various blends, along with intricate embroidery and cutting-edge digital prints. The company’s long-standing relationships with suppliers and rigorous quality control measures ensure that each product meets the highest standards of quality and consistency.

Global Presence

From its humble beginnings in Surat, House of Maruti has expanded its presence across the Middle East, Africa, and other regions. In addition to Dubai, the company has established operations in Saudi Arabia and several African countries. Its products are distributed in Kuwait, Iran, Iraq, and other parts of the Middle East, as well as in Nigeria, Sudan, Senegal, and Morocco in Africa, and even in South-East Asian markets such as Indonesia and Thailand.

Commitment to Quality and Innovation

House of Maruti’s facilities are a testament to its commitment to quality and innovation. By integrating traditional techniques with modern advancements, the company has managed to stay ahead of market trends and meet the evolving demands of its global customers. This dedication to superior quality and customer satisfaction has solidified its standing as a leader in the textile industry.

As House of Maruti looks to the future, its focus remains on forging strong partnerships and continuing its legacy of excellence. With its eyes set on the fashion industries in Dubai and the Gulf, the company is poised to bring its high-quality textiles to new heights, bridging the gap between Indian craftsmanship and global fashion trends.

New Delhi (India) July 23 : Eurosport India announces the appointment of Indian cricket icon Shikhar Dhawan as the brand ambassador for MotoGP™ in India. Dhawan, known for his dynamic presence on the cricket field, will ignite his passion for racing through Eurosport India’s latest campaign, ‘Face Kar Race Kar’.

Expressing his excitement, Shikhar Dhawan shared, “Partnering with the prestigious MotoGP as its India Ambassador is a remarkable honour. The growing excitement around MotoGP in India is truly thrilling, and it feels like a full-circle moment for me, especially when I think back to my days riding my favourite bike through the streets of my hometown, Delhi. My journey as a cricketer born and raised in this vibrant city adds a personal connection to this new role with Eurosport India. Through their sports platform Eurosport India, Warner Bros. Discovery has been a beacon for world-class sports, consistently delighting our ever-expanding sports fanbase. What excites me most is the potential we have to introduce MotoGP to new audiences across India. Together, we aim to inspire and engage fans with the exhilarating world of MotoGP.” 

“We are excited to announce our collaboration with Eurosport India on their latest campaign, ‘Face Kar Race Kar,’ to bring the excitement of MotoGP to fans across the nation. Eurosport India is renowned for its comprehensive sports coverage, including motorsports, golf, cycling, and more. Together, we aim to elevate this campaign and ignite a nationwide passion for high-speed, world-class sports. With Shikhar Dhawan’s involvement, we are confident that we will unite and energize fans across the country” said Amitesh Shah, CEO, Da One Group.

The ‘Face Kar Race Kar’ campaign encapsulates the indomitable spirit of MotoGP™, celebrating resilience and inspiring fans to conquer challenges with unwavering determination. 

The 2024 MotoGP™ season has seen 9 races so far, with 11 more scheduled across Europe, Asia, and Down Under, culminating in the BritishGP at Silverstone from August 2nd.

Francesco Bagnaia (Ducati Lenovo Team), the current 2024 season leader, faces stiff competition with only a 10-point lead over Jorge Martin (Pramac Ducati).

Arjun Nohwar, General Manager – South Asia, Warner Bros. Discovery, said, “We are thrilled to welcome Shikhar Dhawan aboard as our MotoGP™ brand ambassador for India. His infectious energy and wide appeal will not only resonate with racing enthusiasts but also introduce MotoGP™ to sports fans in a compelling way.”

Eurosport India has reacquired and extended its broadcasting rights for MotoGP™ in India, solidifying a three-year partnership with Dorna. The channel continues to showcase a diverse lineup of world-class sports, including Motorsports, Golf, Cycling, Pro Wrestling, Table Tennis, and Marathon. Recent partnerships with the Afghanistan Cricket Board and Bangladesh Cricket Board for the BPL underscore Eurosport India’s commitment to offering comprehensive sports coverage.

About Warner Bros. Discovery

Warner Bros. Discovery is a leading global media and entertainment company that creates and distributes the world’s most differentiated and complete portfolio of branded content across television, film, streaming and gaming. Available in more than 220 countries and territories and 50 languages, Warner Bros. Discovery inspires, informs and entertains audiences worldwide through its iconic brands and products including: Discovery Channel, Max, discovery+, CNN, DC, TNT Sports, Eurosport, HBO, HGTV, Food Network, OWN, Investigation Discovery, TLC, Magnolia Network, TNT, TBS, truTV, Travel Channel, MotorTrend, Animal Planet, Science Channel, Warner Bros. Motion Picture Group, Warner Bros. Television Group, Warner Bros. Pictures Animation, Warner Bros. Games, New Line Cinema, Cartoon Network, Adult Swim, Turner Classic Movies, Discovery en Español, Hogar de HGTV and others. 

For more information, please visit www.wbd.com

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New Delhi (India) July 22 : Kataria Industries, under the adept leadership of Ratlam Boy Yash Kataria, has made a significant mark with its Initial Public Offering (IPO), achieving unprecedented success. The IPO has garnered remarkable interest from investors, resulting in an extraordinary oversubscription across all segments.

Unprecedented Subscription Rates

The IPO saw an exceptional response, with the High Net Worth Individuals (HNI) segment subscribing over 900 times, while the retail segment recorded a subscription rate exceeding 250 times. This overwhelming demand reflects the strong confidence investors have in Kataria Industries and its promising future.

Massive Collection

To date, the IPO has accumulated an impressive ₹14,303 crores. As of 4:14 PM, the overall subscription rate stood at 388.88 times, with a total collection reaching ₹14,303 crores. These figures highlight the robust market interest and the substantial capital infusion that Kataria Industries is poised to receive.

Ratlam Bot Yash Kataria Visionary Leadership

Ratlam Bot Yash Kataria, the visionary driving force behind Kataria Industries, has been instrumental in steering the company toward this phenomenal achievement. His strategic insights and decisive leadership have been crucial in attracting such high levels of investor interest and confidence.

Conclusion

The record-breaking performance of Kataria Industries’ IPO is a testament to the company’s solid business model and the trust it has earned among investors. With Yash Kataria at the helm, Kataria Industries is well-positioned for sustained growth and continued success.

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New Delhi [India] July 22 : In a world constantly evolving through innovation and dedication, 12 remarkable entrepreneurs stand out for their transformative contributions across various industries. From pioneering educational platforms and leading PR agencies to advancing healthcare and redefining security services, these visionaries are setting new standards of excellence. Their journeys, marked by resilience, creativity, and a relentless drive to make a difference, inspire countless others to pursue their passions and impact the world positively.

1. Taylor Elizabeth

Taylor Elizabeth Bodrie Perramond, an award-winning Emotional Intelligence, Etiquette, and Image Advisor, brings over 15 years of experience across 22 markets on five continents. With an MBA in International Business and a Master of Arts in International Affairs, Taylor’s career in international PR honed her skills in relationship building and cross-cultural communication. Known as ‘The Elegance Advisor,’ she integrates Emotional Intelligence, NLP, and Positive Psychology into her coaching, empowering a global community. Taylor’s accolades include the Golden Excellence Award and recognition as one of the most inspiring UAE Women Entrepreneurs of 2023. Her vision fosters a culture of empathy, enhancing professional interactions and team dynamics for high-profile clients worldwide.

2. Prof. Dr. Sanjay B. Chordiya

Prof. Dr. Sanjay B. Chordiya, Founder President & Chairman of Suryadatta Education Foundation, is a globally renowned educationist and philanthropist committed to delivering quality education at affordable fees. With over 30 years of experience in academics, administration, and industry interface, he leads with high energy and a passion for holistic development. Dr. Chordiya is involved in various prestigious roles, including Governor Nominee for YCMOU, Chair of the University-Industry Partnership program of Global Chamber, and Senior Vice President of CEGR, Delhi. His contributions have earned him numerous international and national awards. His vision encompasses peace and harmony through education from Kindergarten to the PG-Research level, fostering an enlightening academic environment globally.

3. Lt. Col. Randeep Hundal

Lt. Col. Randeep Hundal, an ex-Indian Army veteran, is the visionary founder and Managing Director of Innovision Limited, India’s leading Manpower Security Service provider. A serial entrepreneur, he has expanded Innovision into a 500+ crore company with a PAN India presence over 55+ locations. Innovision excels with PSARA authorised advanced training centers and a robust internal audit team, serving prestigious global and government clients. Additionally, he founded Innovision International and Aerodrone Robotics. His CSR initiative, Woke India, highlights his commitment to societal welfare. Recognized with multiple awards, including “Rising Star in Security Industry – 2023,” Lt. Col. Hundal’s journey epitomizes excellence, innovation, and ethical leadership in the security industry.

4. Resham Kamboj

Resham Kamboj, founder of Tarot Tree of Life, is a distinguished spiritual healer, mentor, and entrepreneur. A graduate of NIFT Mumbai, Resham’s journey into Tarot and spirituality began after a career setback, discovering her calling in psychic readings, mediumship, and Akashic Records. Her profound impact is felt globally, marked by numerous accolades including the National Fame Award, Indian Excellence Awards, and recognition by Forbes India and India Today. Resham’s innovations include empowering over 5000 Tarot students, providing financial stability through holistic education. Overcoming initial skepticism, she leveraged word-of-mouth to establish trust in online spiritual services. Her vision prioritizes ethical growth, empowering underprivileged girls towards financial independence. Resham’s advice to aspirants: stay authentic, consistent, and embrace continuous learning for enduring success in the spiritual realm.

5. Astro Kirti Ojha

Astro Kirti Ojha is celebrated as a leading astrologer in India, driven by a profound passion to aid individuals in navigating life’s complexities. With a career rooted in Vedic astrology and modern insights, she blends traditional wisdom with innovative approaches to offer precise, empathetic, and holistic guidance. Recognized for her accurate predictions and transformative remedies, Kirti Ojha has earned accolades that underscore her impact on countless lives. She has pioneered the integration of ancient techniques with contemporary methods, enhancing the relevance and depth of astrological insights. Her vision includes expanding accessibility through digital platforms, aiming to empower more individuals worldwide with actionable advice for positive life changes. Aspiring astrologers are encouraged to cultivate empathy, continuous learning, and a genuine commitment to serving others.

6. Dr Morepen
Dr Morepen distinguishes itself in the medical devices sector through a robust strategy centered on innovation, quality, and customer satisfaction. With 100% in-house manufacturing at our ISO:13485 certified facility in Baddi, Himachal Pradesh, we ensure stringent adherence to global standards. Our comprehensive product lineup includes glucometers and BP monitors, with over 1.5 billion strips sold to date.

Under the visionary leadership of Anubhav Suri, Dr Morepen has expanded its global footprint into markets like South East Asia and the Middle East, emphasizing next-generation products like wearable sensors. Anubhav’s strategic initiatives have driven significant market share growth and operational efficiencies, cementing Dr Morepen’s leadership in healthcare solutions.Our commitment to excellence is underscored by continuous capacity expansion and a customer-centric approach, making Dr Morepen a trusted name in healthcare innovation.

7.  Komal Choubisa
Komal Choubisa’s journey is one of resilience and determination. Motivated by personal challenges and a desire to create her own world, she turned her pain into a popular book, A Starry-Eyed, which has gained national and international acclaim. Recognized with a nomination for the 9th Perfect Achiever’s award – 2024. Komal has also made impactful contributions through her foundation, promoting girls’ education and combating starvation. Despite facing envy and financial difficulties, her perseverance and family support helped her overcome these obstacles. Looking ahead, Komal envisions achieving ambitious goals and continues to inspire others with her advice to be persistent, believe in oneself, and maintain honesty.

8. Pranav Sharma

At just 19, Pranav Sharma is a remarkable tech entrepreneur and an inspiration to many. Currently pursuing a B.Tech in Computer Science and Engineering from IIT Guwahati, he turned down full scholarships from MIT and KIT to make an impact in India. Pranav founded his first tech firm at 15 and has since launched multiple startups, including 3VIVE, Uppr, and Connectoid. A six-time international medalist, he’s also won national gold medals in science, hockey, and filmmaking. His breakthrough in water purification technology, which is more efficient and significantly cheaper than existing solutions, highlights his innovative prowess. As an ambassador at IIT Guwahati, Pranav’s vision and leadership continue to drive transformative change.

9. Dr. Nikhil Gambhir

Dr. Nikhil Gambhir, Founder & CEO of Grow 25X, is a world-renowned business strategist and the only 25X Sales Mastery Coach. As India’s leading high-ticket closing expert and highest-paid business coach, he is on a mission to empower entrepreneurs and startups to grow at 25X speed. Dr. Gambhir’s unique approach differentiates him from competitors, helping trainers build high-ticket closing businesses, startups achieve million-dollar valuations, and corporates increase sales exponentially. His accolades include the Indian Icon Award, Bharat Ratna Award, and two Harvard World Records. Dr. Gambhir’s visionary leadership and unmatched expertise are transforming the business landscape, ensuring that “Ab Business Karega India.”

10. Dr Sanara Roy
Sanara Roy, an All India Engineering rank holder and PhD graduate, transitioned from investment banking to modeling and acting, aiming to shatter stereotypes about engineers and PhDs. She embarked on her journey from fashion weeks and pageants, recently winning a national pageant in South India and now eyeing the international stage. Her achievements include participating in Paris Street Style Summer Fashion Week, Lakme Fashion Week, and collaborating with top South Indian actresses in Jewels of India. Sanara’s accolades include Miss India World South 2022, a Dadasaheb Phalke Award, and a London World of Records certification for her acting in a South-based short movie. Despite facing challenges, she aims to create a positive impact through her work and social activities, inspiring others to pursue their passions. Her advice to aspiring models and actors is to always stay true to themselves and believe in their abilities.

11. Kundan Singh Rajput

Founded by Kundan Singh Rajput, MyTAGAPP .COM stands out in the education sector for its commitment to transparency and innovation in admissions. Serving as a comprehensive marketplace for educational institutions across India and beyond, MyTAGAPP .COM aims to create the world’s largest education ecosystem. By integrating schools, colleges, and international institutions onto a single platform, it simplifies the admissions process and provides career guidance to students. Under Kundan’s leadership, the platform has earned accolades such as the best-emerging student recruitment solution and bihar Change Maker award, recognised and funded by Bihar Startup. Since its inception, MyTAGAPP .COM has facilitated over 200 admissions and partnered with 200+ institutions, offering free counseling to countless students and fostering environmental sustainability initiatives. This visionary approach ensures a brighter future for education seekers globally.

12. Lajja patel
Lajja Patel, an engineer turned PR Wizard , is revolutionizing the digital landscape with Spatz Media, her PR and marketing agency. Combining her expertise in Public Relations, web development, and Social Media branding, Lajja ensures seamless integration of aesthetic design and user experience. Under her leadership, Spatz Media has seen remarkable growth, driven by her passion for making businesses stand out on Google and social media. Handling all major decisions, she balances the dual roles of Public Relations Expert and a Managing partner of Spatz Media. Co-founded with Jatin Patel, Spatz Media continues to thrive, bridging the gap between development and marketing under Lajja’s visionary guidance.

These entrepreneurs exemplify what it means to be leaders in their fields, continuously pushing boundaries and shaping the future with their groundbreaking ideas and unwavering commitment to excellence.

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New Delhi (India), July 22:  Dreame Technology, a leading global smart home appliance brand, announced the appointment of Manu Sharma as Managing Director for its India operations. In this leadership role, Manu will be responsible for developing and executing strategic initiatives to drive Dreame’s growth and establish a strong brand presence in the Indian market. He will also oversee Dreame’s regional product strategy, marketing and sales operations as well as building a team in India.

Manu Sharma brings over 25+ years of experience in the consumer electronics industry. Previously, he held key leadership positions at Nothing India (Vice President and General Manager) and Samsung India (Vice President and Head of Product Strategy), where he played a crucial role in developing and implementing successful go-to-market strategies. Prior to that, he also had a successful 12-year stint at Hewlett-Packard across key business roles.

Expressing his enthusiasm for his new role, Manu Sharma said, “I am excited to lead Dreame’s India business and I look forward to working with the team to build Dreame’s brand presence, operational capabilities and deliver innovative products that resonate with our consumers.”

Under Manu’s leadership, Dreame India is committed to delivering exceptional products and services while maintaining its position as an innovator of customer centric solutions and smart home appliances.

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The company’s board also approved a proposal to increase the authorized share capital from Rs. 15 crore to Rs. 30 crore, subject to the approval of the members.

Surat, (Gujarat) (India) July 22 : Board of directors of BigBloc Construction Limited, one of the largest manufacturers of Aerated Autoclaved Concrete (AAC) Blocks, Bricks, and Panels in India has recommended issue of bonus equity shares in the ratio of 1:1 in the meeting held on July 19, 2024. The board also approved the proposal of increasing the authorised share capital of the company to Rs. 30 crore divided into 15 crore Equity Shares of Rs. 2/- each, subject to approval of the members and regulatory authorities.

The Company in its board meeting considered and recommended issue of bonus equity shares in the proportion of 1:1 i.e. one bonus equity shares of Rs. 2/- each for every one existing equity share of Rs. 2/- each held by the shareholders of the company as on the record date, subject to the approval of shareholders at the Annual General Meeting to be held on Thursday, August 29, 2024. Free reserves of Rs. 28.31 crore will be utilized for the Bonus Issue. The bonus issue is aimed at reward existing shareholders, enhance liquidity, and expand the shareholder base.

Post Bonus issue, the paid-up share capital of the company will increase to Rs. 28.31 crore divided into 14,15,75,750 equity shares of Rs. 2/- each. Subject to obtaining necessary approvals from relevant authorities, the bonus shares shall be credited within 2 months from the date of the Board approval i.e. on or before September 18, 2024.

The Board has also approved the declaration of final dividend at 20% i.e. Rs 0.40 per equity share for the FY 2023-24. The record date for the purpose of payment of final dividend is Friday, July 26, 2024. Promoter Group shareholders, comprising 60.18% of the shares of the company, are waiving their dividend (Final Dividend for Financial Year 2023-2024) considering the forthcoming expansions of the company.

For FY24, company has reported consolidated net profit of Rs. 30.69 crore. Revenue from operations during FY24 was reported at Rs. 243.22 crore, rise of 21.55% Y-o-Y as compared to operational revenue of Rs. 200.11 crore in FY23. EBITDA for FY24 stood at Rs. 56.15 crore, rise of 12.29% as against EBITDA of Rs. 50.01 crore. The Company has reported a strong operational and financial performance with a 5 year CAGR of 19% in Sales and over 80% in Net Profit.

Mr. Narayan Saboo, Chairman, Bigbloc Construction Ltd said, “Our Company is set to bring major transformation in the AAC Block industry. Further to reward our loyal shareholders and boost liquidity, the board has recommended a bonus issue. This move will enhance our equity base and support continued growth. We anticipate sustained momentum and look forward to further achievements in the coming years.”

Incorporated in 2015, BigBloc Construction Ltd is one of the largest and only listed company in the AAC Block Space. BigBloc operates four AAC plants: one in Umargaon District: Valsad, Gujarat, second in Wada, Maharashtra, and third in Kapadvanj, District Kheda, Gujarat. The new facility in Kheda is the company’s fourth plant, uniquely equipped to manufacture both AAC blocks and the innovative AAC wall. With this Joint Venture company’s total capacity has increased to 1.3 Million CBM/Annum. It is among the very few companies in AAC industry to generate carbon credits.

Sustainable and non-toxic building construction material, AAC blocks and AAC Walls are lightweight, soundproof, and fire resistant, offer superior build quality, eco-friendly and economical too compared to traditional bricks.

BigBloc Construction Limited is India’s leading AAC block manufacturing company. The Company markets its products under the brand name ‘NXTBLOC’. The company has executed over 2,000 projects so far and has another 1,500 plus in the pipeline. The company’s clients include Lodha, Adani Realty, IndiaBulls Real Estate, Prestige, Piramal, Oberoi Realty, Shirke Group, Shapoorji Pallonji Group, Raheja, PSP Projects, L&T, and Sunteck, Sethia Infrastructure Pvt Ltd, Dosti Group, Purvankara Ltd among others.

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Kolkata (West Bengal) [India], July 22:  Asian Granito India Limited (AGL), a leading brand in luxury surface products such as Tiles, Marbles, Quartz, and Bathware solutions has proudly showcased its premium offerings at the 45th edition of the iDAC Intelligence Series held at Raajkutir Rangmanch, Kolkata on 12 July. As an associate partner of the event, AGL contributed to the success of this premier platform for changemakers in the build industry.

AGL’s participation in iDAC Kolkata was marked by the showcase of its premium Tile, Marble, and Quartz products. Known for their quality and innovative design, AGL’s products received significant attention from the attendees, reinforcing the company’s position as a leader in the build industry. The display highlighted AGL’s commitment to excellence and its continuous effort to bring the best to its customers.

Mr. Kamlesh Patel, Chairman and Managing Director, Asian Granito India Ltd said, “Our participation in iDAC Kolkata reflects our dedication to pushing the boundaries of design and innovation in the build industry. We are proud to showcase our premium Tile, Marble, and Quartz products, which are designed to meet the evolving needs of architects, designers, and builders. This event is a testament to the industry’s commitment to sustainable and innovative development, and we are thrilled to be a part of it.”

The Kolkata event, part of the iDAC Intelligence Series 2024, gathered industry leaders in architecture, design, and sustainable infrastructure. Thought-provoking panel discussions, innovations, ideas, and the latest trends in design were discussed and presented by speakers, presenters, and delegates during the event. AGL’s participation underscored its dedication to contributing to the industry’s growth and innovation.

In a strategic move to elevate its brand, the company has signed Bollywood superstar Ranbir Kapoor as its brand ambassador and launched the “Premium ka Pappa” campaign. This partnership underscores the brand’s dedication to excellence and promises an exciting future. With Kapoor’s endorsement, the brand seeks to expand its reach, particularly among the youth, driving forward its vision of growth and connectivity. It also aims to resonate with consumers’ aspirations and emotions, establishing a strong connection with both trade partners and customers through its emphasis on premium experiences and sophisticated appeal.

As a young and fastest-growing brand, Asian Granito India Ltd continues to push boundaries with its innovative and rich collection of products and is committed to staying ahead of the curve. With Ranbir Kapoor on board, the brand aims to further elevate its presence in the market and connect with a wider audience, especially the youth segment.

In a short span of two decades, Asian Granito India Ltd has emerged as India’s leading Luxury Surfaces and Bathware Solutions brand. The Company manufacture and markets a range of Tiles, Engineered Marble and Quartz, Sanitaryware and Faucets. The Company has 235 plus exclusive franchisee showrooms, 11 company owned display centers and an extensive marketing and distribution network pan India with 14,000 plus touchpoints including distributors, dealers and sub-dealers in India. The Company also exports to more than 100 countries.

Asian Granito has 2,942 plus SKUs on offer in Tiles segment, 1,100 plus SKUs in Bathware and faucets and 126 plus SKUs in Engineered Marble and Quartz Stone. Over the years, the company has invested heavily in expanding production capabilities, product portfolio, distribution network and global reach. This dedication has propelled it on a path of continuous growth, positioning the company among the leading ceramic tiles companies in India and an emerging brand in the global markets. 

About Asian Granito India Limited

Established in the year 2000, Asian Granito India Ltd. (AGL) has emerged as India’s leading Luxury Surfaces and Bathware Solutions brand in a short span of two decades. The Company manufactures and markets a wide range of Tiles, Engineered Marble and Quartz, Sanitaryware and Faucets. AGL products are synonymous with reliability, adaptability, innovation, quality consciousness and the company has created a strong brand identity, well recognized globally and loyal customer following across segments. Today it is 4^th largest listed ceramic tile company in India with employee strength of 6,000 plus.

Ranked amongst the top ceramic tiles companies in India, AGL has achieved over 65 times growth in its production capacity, from 0.83 Million Sq. Mtrs. Per Annum in FY 2000 to 54.5 Million Sq. Mtrs. Per Annum in FY 2023. AGL is also the only tiles company to be acknowledged in the Vibrant Gujarat Summit 2015 for achieving phenomenal growth.

The Company has 14 state-of-the-art manufacturing units spread across Gujarat and 235 plus exclusive franchisee showrooms, 12 company owned display centers across India. Further, the Company has an extensive marketing and distribution network pan India with 14,000 plus touchpoints including distributors, dealers and sub-dealers in India. The company also exports to more than 100 countries.

The Company looks to strengthen its identity as the leader in the Indian ceramic industry by consistently introducing innovative and value-added products in the market to keep pace with its valued customers. Headquartered in Ahmedabad, AGL is listed on NSE & BSE and reported net consolidated turnover of INR 1530.6 crore in FY 2024. (For more information, please visit: www.aglasiangranito.com)

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New Delhi (India), July 22: The Union Budget for 2024-25, to be presented by Finance Minister Nirmala Sitharaman will outline the government’s financial plan to drive economic growth, enhance infrastructure, and promote social welfare. As always, the budget has significant implications for various sectors, including mutual funds. This article delves into the expectations of the Indian Budget 2024-25 and shall analyze their impact on the mutual funds sector.

As the government tries to balance economic growth with careful spending, several important expectations have come up in different parts of the economy such as “Boost to Agriculture and Rural Development”. Under this category, funding will be increased to provide more money for agricultural infrastructure, irrigation projects, and rural development programs. Encouraging Agri-Tech and Innovation by the use of modern farming practices, technology, and innovation to boost productivity and sustainability shall be the key expectation from the forthcoming budget.

The second category, “Consumer and Investor Confidence” is for consumer protection where steps to protect consumer interests and ensure fair market practices by strengthening regulatory frameworks will be a bigger highlight from the budget. Investor-Friendly Policies to attract foreign direct investment (FDI) and to make it easier to do business, creating a favorable investment climate are the key expectations. Changes in financial markets to increase transparency, reduce volatility, and protect investors’ interests is also expected from the budget.

“Tax Reforms and Relief” is the next category where Income Tax Relief by adjusting income tax slabs and rates to give relief to the middle class, potentially increasing disposable income and consumer spending is a major expectation for the people. Capital Gains Tax Simplification is expected to come up where by simplifying and rationalizing the capital gains tax structure across various asset classes to reduce complexity and improve compliance may be the major highlight . Corporate Tax Reductions especially for MSMEs, to stimulate business activity and investment is also expected to come up.

Budgetary Expectations:

From the Indian budget 2024-25 some impressive highlights expected are as follows-

Increased Capital Expenditure The budget for 2024-25 proposes a significant increase in capital expenditure to ₹11 lakh crore, which constitutes approximately 3.5% of GDP. This substantial investment in infrastructure development aims to stimulate economic growth and job creation, reflecting the government’s commitment to bolstering the nation’s economic framework.

Tax Reforms The budget introduces a new tax regime with revised income tax slabs designed to provide relief to the middle class. Additionally, amendments in the capital gains tax structure aim to simplify and rationalize tax rates across various asset classes, ensuring a more streamlined and equitable tax system.

Sectoral Allocations Infrastructure received substantial allocations, with significant funding directed towards roadways, railways, urban infrastructure, and green energy projects. In the agriculture sector, enhanced funding is allocated for rural development, agri-infrastructure, and technology adoption in farming. The healthcare sector sees an increased budget for healthcare infrastructure, research, and medical education, underlining the government’s focus on improving public health services.

Fiscal Deficit Target The budget sets a fiscal deficit target of 5.7% of GDP, a reduction from the previous year’s target of 5.9%. This move signals the government’s continued commitment to fiscal prudence, aiming to balance economic growth with responsible financial management.

Disinvestment and Privatization The budget maintains a strong focus on disinvestment, with plans to privatize several public sector undertakings (PSUs) to raise capital and improve operational efficiency. This strategy is intended to enhance the performance of these entities and generate additional revenue for the government.

Green Initiatives Sustainability is a key theme in this budget, with increased spending on renewable energy projects and incentives for the adoption of green technologies. This emphasis on green initiatives highlights the government’s commitment to environmental sustainability and the transition to a more sustainable energy future.

Impact on the Mutual Funds Sector

Equity Mutual Funds

Infrastructure Push: The increased capital expenditure on infrastructure is expected to benefit equity mutual funds with significant exposure to sectors like construction, cement, steel, and engineering. Infrastructure-focused funds could see enhanced performance due to the boost in government spending.

Green Energy and Technology Funds: The budget’s emphasis on green initiatives and technology adoption may lead to higher returns for funds invested in renewable energy, electric vehicles, and tech sectors.

Debt Mutual Funds

Interest Rates and Bond Yields: The fiscal deficit target indicates a focus on fiscal discipline, which may result in stable interest rates. This environment is favorable for debt mutual funds, particularly those invested in long-term bonds, as bond prices tend to rise when interest rates are stable or falling.

Credit Risk Funds: With increased government spending and economic growth, the overall credit environment is expected to improve, reducing credit risk and benefiting credit risk funds invested in lower-rated corporate bonds.

Tax-Saving Mutual Funds (ELSS)

The new tax regime with revised income tax slabs is likely to result in higher disposable income for individuals, potentially boosting investments in tax-saving instruments like Equity Linked Savings Schemes (ELSS).

Thematic and Sectoral Funds

Agriculture and Rural Development: Enhanced support for agriculture and rural development could benefit mutual funds focusing on these themes. Funds investing in agritech, rural infrastructure, and related sectors may see positive performance.

Healthcare: Increased funding for healthcare infrastructure and research could boost mutual funds with significant investments in the healthcare and pharmaceutical sectors.

Investor Sentiment

The budget’s focus on growth, fiscal prudence, and sustainability is likely to boost investor confidence. This positive sentiment could lead to higher inflows into mutual funds as investors seek to capitalize on the anticipated economic growth.

Conclusion

The Indian Budget 2024-25 will present a balanced approach, focusing on economic growth through increased capital expenditure and green initiatives while maintaining fiscal discipline. This budget is expected to have a positive impact on the mutual funds sector, with significant opportunities for both equity and debt funds. Investors should consider aligning their portfolios to benefit from the government’s emphasis on infrastructure, sustainability, and fiscal prudence. By staying informed and strategically adjusting their investments, mutual fund investors can potentially enhance their returns in the post-budget period.

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New Delhi (India), July 22:  In an unprecedented move of appreciation, Divine Bricks Real Estate has granted 200 flats to its esteemed associates. This generous initiative coincides with the company celebrating a remarkable 180% increase in profits following the COVID-19 pandemic, marking a significant achievement in its growth trajectory.

The award ceremony featured Miss. Urvashi Rautela, a distinguished national and international actress, who presented the keys to the fortunate associates. The event, held at the company’s headquarters, underscored Divine Bricks Real Estate’s dedication to acknowledging and rewarding the hard work and loyalty of its team.

Miss. Urvashi Rautela, in her speech, expressed, “I am honored to be part of this incredible event. Divine Bricks Real Estate’s success story is truly inspiring, and this generous gesture towards their associates showcases their exceptional corporate values. It is heartwarming to see a company that values its associates as its most important asset.”

https://youtu.be/rluHM6PPJWI?si=Zimrr8_xl_DZAFuS 

Mahender Singh, Managing Director and Founder of Divine Bricks Real Estate, who hails from Delhi NCR, India, conveyed his gratitude towards his team and shared his vision for the future. He stated, “Our associates are the backbone of our success. Their dedication and hard work have driven us to new heights, especially during challenging times. This is our way of saying thank you and ensuring they share in the success they have helped create. We look forward to continuing this journey of growth and excellence together.”

Divine Bricks Real Estate has emerged as a leading player in the real estate market, with innovative projects and a customer-centric approach. The company’s post-COVID recovery and remarkable profit increase highlight its resilience and strategic vision. This gala event was held in Dubai UAE Shangri-La.

About Divine Bricks Real Estate

Divine Bricks Real Estate is a premier real estate company known for its exceptional residential and commercial projects. With a commitment to quality, innovation, and customer satisfaction, Divine Bricks Real Estate has set new benchmarks in the industry, creating homes and spaces that define luxury and comfort.

For more details you can visit – https://www.divinebricks.com/

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