Tag: Business

  • Ed Innova Award of Distinction 2023 – 50 Businesses, Brands, and Distinguished personalities get felicitated on 26th November in New Delhi

    Ed Innova Award of Distinction 2023 – 50 Businesses, Brands, and Distinguished personalities get felicitated on 26th November in New Delhi

    New Delhi (India), November 28: Esteemed Chief Guest Mir Ranjan Negi and Brand Ambassador of Ed Innova Ishu Kalra felicitated 50 distinguished Businesses, Brands, and personalities with the Ed Innova Award of Distinction on 26th November in New Delhi. The Ed Innova Award of Distinction was presented to commemorate the businesses, brands, and individual personalities who have done exceptional work in their field of interest. The Event was graced by different Industry leaders and distinguished guests. The founder Susmita Gupta extended heartfelt thanks to the efforts of those who came forward and pitched in towards the success of this event and making it this grand.

    Ed Innova Felicitated the following Awardees in its Ed Innova Award of Distinction 2023 –

    1             Mir Ranjan Negi – Chief Guest (Field Hockey Player and Coach of India Men’s and Women’s National Field Hockey Team)

    2             Saksham School  – Special Recognition for uplifting people with visual impairment

    3             Pranil Pokharna -The most Unique Voice – Voice of Udit Narayan

    4             Sougat Dasgupta (Founder of Astroanswer) -Best Astrologer and Vastu Consultant

    5             Yash Suryawanshi – Young Visionary Finance consultant

    6             CA Sunil Goel -Best in Taxation and Consultancy

    7             Izhar Khan – The Best Career Counselor (Founder of NTI ACADEMY)

    8             Solar Man of India Sachin Shigwan -Best Consultant for Innovative and Sustainable CSR Projects in India

    9             Ishu Kalra -Special Honour for Contribution in Societal development

    10           Arpit Singh – Best Social Entrepreneur with excellence in healthcare

    11           Subham Kumar Darjee – Man of Excellence (Serial Entrepreneur and a Philanthropist)

    12           Neeraj Gahlot – Best Marathon Runner

    13           Vashiishtha jyotish paramarsh kendra – The Best Astrology Platform

    14           Alwarwala – Best Sweet Brand

    15           Natwar Loyalka  – Entrepreneur of the Year (Founder and CEO of Greentech Earthings)

    16           Nilam Mani – Best Multifaceted Personality ( Teacher, Politician, and a Spiritual Healer)

    17           Papia Chakraborty – Cureasure – Best Home health care service in Guwahati

    18           Rinku Kumar Sahoo – The Best male Odissi and Sambalpuri  Dancer

    19           Sharda Chaturvedi – Special Honour for excellence in Women Empowerment ( Zila Adhyaksh of Noida Mahanagar – BJP Mahila Morcha )

    20           Dr Mohana Rao Patibandla – Best Neurosurgeon and Spine Surgeon in India

    21           Pradeep Rawat – Special honour for excellence in the field of Life coaching

    22           Vivek Pandey – Special honour for excellence in the field of journalism

    23           Rahul Jha – Best Dance and Fitness Instructor

    24           Ruku Sona – Best Sambalpuri Vocal Artist

    25           Yudhisthir Gurhandi – Best Martial Art Coach

    26           Shubham Khandelwal – Best Website Designer – Founder of Esitecreator

    27           Sagar Azad – Best Book Publisher – Founder of Anecdote Publishing House

    28           Sonam Chaudhuri – Best Educator – Excellence in Mathematics teaching

    29           Jaadugar Pee Cee Kanpuri – Excellence as a Mentalist Magician  

    30           Deva Dhami – Excellence in Film Industry as an Actor

    31           Tulika Ranjan – Innovative Teaching Professional

    32           Puppets Picture College of Mass Communication – The Best College for Mass Communication and Journalism studies

    33           Digital Puneet(Puneet Kumar) – Best Trademark Expert

    34           Tactyc Media  – Best Brand Management Agency

    35           Writing Technocrats – Best Content writing Agency (Founder – Avanti Khanwalkar and Amol Khanwalkar)

    36           Binaragini Mahapatra – Binaragini Mahapatra – The Best Makeup Artist of Odisha

    37           Aamar Srivastava – Best Trainer and Coach

    38            IPSIT Branding LLP (Founder – Ankkit Singh) – Best Digital Marketing Agency

    39           Sonika Attri – Women of Excellence – Contribution in the field of teaching and Politics

    40           Aakarshan Foundation  – Best NGO of the year in Societal Development

    41           Bipasha Banerjee Dance Academy – Best Dance Academy

    42           Aarush Srivastav – Best Actor in a negative lead role for TV Serial Saavi ki Savari

    43           Kshitij Shandilya – Special Recognition – Best Para Athlete

    44           Mukesh Gupta (Founder and Chairman of JSK Institute ) – Global Education Leader 2023

    45           Dr Anshul Gupta – Best Author in Non-Fiction Category (Author of ‘The Spiritual Indian Corporate’)

    46           Lalit Mishra – Versatile Actor of Bhojpuri Film Industry

    47           Sapphire Software Solutions – Best Software Development Company

    48          Sathya Ganesh – Best Graphic Designer

    49          Manisha Nanoo – Guest of Honour (Mrs Universe 2023)

    50           MarkMyBrand (MMB Partners) – Best Legal Firm

    The event was commenced with a lamp lightening ceremony, and followed by an opening dance by the dancers of Bipasha Banerjee Dance Academy, a Panel Discussion, an Electrifying Live Band Performance, a Fusion Group Dance, and ended with the felicitation ceremony and a vote of thanks for the Associate partner Sapphire Software Solutions and its founder Kumaril Patel. Founder of Ed Innova Susmita Gupta thanked all the partners for their extended support and for being a part of Ed Innova’s family.

    Learn more – www.edinnova.online

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  • Roadshow on Bharat Tex 2024 in Coimbatore Evokes huge Response

    Roadshow on Bharat Tex 2024 in Coimbatore Evokes huge Response

    Mr. Bhadresh Dodhia, Chairman – SRTEPC

    New Delhi (India), November 28: A Mega Textile Show called as Bharat Tex 2024 will be held in February 2024.

    A Core Committee has been constituted to organize the event with Mr. Naren Goenka, Chairman, AEPC is the Chairman   and Mr. Bhadresh Dodhia, Chairman, SRTEPC is the Co-Chairman of this Committee.

    SRTEPC (The Synthetic & Rayon Textiles Export  Promotion Council ) organized  a  Roadshow on November  16 in association with other  Textiles EPCs such as TEXPROCIL, PDEXCIL and HEPC  at Hotel Le Meridian, Coimbatore to promote the event.

    The Roadshow was attended by over 250 persons and senior officials from the Tamil Nadu Government. 

    Bharat Tex 2024 will be held from February 26 to 29, 2024 at Bharat Mandapam and Yashobhoomi in Delhi. The event will be organized collectively by all the Textiles Export Promotion Councils with the active support from the Ministry of Textiles.

    Shri R. Gandhi, Hon’ble Minister of Handloom and Textiles, Government  of Tamil Nadu , who was the Guest of Honour on the occasion  said “ Textile sector is highly developed in  Tamil Nadu and Companies from the State can participate in large number in Bharat Tex “. The Hon’ble Minister also assured that the Tamil Nadu Government will become a Partnership   State for Bharat Tex 2024.

    Shri Rajeev Saxena, Joint Secretary, Ministry of Textiles made a Presentation covering   all details about Bharat Tex 2024.  He said Bharat Tex will be the largest Textiles Exhibition in the World.

    Bharat Tex 2024 will cover an area of about 2,00,000 sq.mtrs  and  exhibitors will display the entire value chain of Textiles such as Fibre, Yarn, Fabrics,  Garments,  Made ups and  Technical Textiles.

     Bharat Tex is expected to attract over 3500 exhibitors,   3000 foreign buyers, 40000 trade visitors and over 50 knowledge sessions.

    www.srtepc.in 

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  • AMIC FORGING LIMITED– SME IPO at BSE SME to open on November 29, 2023

    AMIC FORGING LIMITED– SME IPO at BSE SME to open on November 29, 2023

    Mumbai (Maharashtra) [India], November 28: IPO is set to commence on Wednesday, November 29, 2023, and will conclude on Friday, December 01, 2023. The IPO comprises an issue size of up to Rs. 34.80 crores, featuring 27,62,000 Fresh Issue Equity Shares. The Anchor Allocation shall take place on Tuesday, November 28, 2023.

     The book-running Lead Manager to the issue is Gretex Corporate Services Limited. Net proceeds from IPO Funds will be utilized for Setting up of the Manufacturing facility (Rs. 2,235.20 Lakhs), Working Capital (Rs. 750.00 Lakhs), and balance for general purposes.

    Amic is engaged in the manufacturing of forged Components. They manufacture precision machined components as per customer specifications and International Standards catering to the requirements of customers. 

    The products that are manufactured by the company are Main Shaft for Wind Energy, Drum Tube Sheet, Forged Shell, Tube Sheet, Nozzle for Oil & Gas and Trunnion for Nuclear Power Plant which are mainly used in various industry such as Heavy Engineering, Steel Industry, Oil & Gas, Petrochemicals, Chemicals, Refineries, Thermal Power, Nuclear Power, Hydro Power, Cement Industry etc. 

    The India metal forging market size was valued at USD 3.86 billion in 2021. The market is projected to grow from USD 4.32 billion in 2022 to USD 8.80 billion by 2029, showing a CAGR of 10.69% during the forecast period.

    Key Highlights

    ● The company excels in manufacturing forging components according to international standards like AISI, BS, IS, and DIN. 

    ● With a well-established design center equipped with the latest 3D software and staffed by highly trained technicians, Company is dedicated to delivering superior quality products.

    ● Excelling in manufacturing tailor-made products. 

    ● The products are mainly manufactured in carbon steel, alloy steel, stainless steel, Nickel and Tools Alloys.

    ● Vision is to provide top-notch products to clients while expanding the range of services by venturing into various other industries. 

    ● Experienced and dedicated senior team across key functions

    ● Long-standing relationship with our existing clientele

    The Company has grown its revenue from operations has grown from ₹ 2,643.37 lakhs in fiscal 2021 to ₹ 11,683.01lakhs in fiscal 2023, EBITDA has grown from ₹ 154.42 lakhs in fiscal 2021 to ₹ 1,454.55 lakhs in fiscal 2023, while Profit after tax from ₹ 56.27 lakhs in fiscal 2021 to ₹ 980.01 lakhs in fiscal 2023 on a consolidation basis. IN FY23 company has EBITDA margins of 12.45% and PAT margins of 8.39%.

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  • Tilara Polyplast Redefining Possibilities in Polycarbonate and Acrylic Solutions Globally

    Tilara Polyplast Redefining Possibilities in Polycarbonate and Acrylic Solutions Globally

    Tilara Polyplast Redefining Possibilities in Polycarbonate and Acrylic Solutions Globally

    Rajkot (Gujarat) [India], November 28: Tilara Polyplast, a trusted leader in the manufacturing of polycarbonate sheets and acrylic sheets, has become synonymous with excellence under the visionary leadership of CEO Brijesh Tilara. Established in 2014, the company has expanded its footprint worldwide, exporting its high-quality products to over 25 countries. Tilara Polyplast has played a pivotal role in numerous government projects, showcasing its expertise in large-scale undertakings such as the roofing of Aurangabad Airport, the Mahakal Lok Corridor in Ujjain, and the Delhi-Mumbai Expressway.

    One of the distinctive features of Tilara Polyplast is its involvement in significant infrastructure projects, including collaborations with metro and railway stations. The extensive range of offerings includes polycarbonate solid sheets, multiwall sheets, and profiled sheets, catering to various requirements in construction and design, making it a preferred choice for industrial, infrastructural, and residential roofing solutions and wide-ranging applications, particularly in roofing, skylights, sound barriers, and walkways.

    Tilara Polyplast, operating with a workforce of 150–200 employees, proudly spans two expansive units covering a total of 2,47,550 sq ft in Rajkot, Gujarat. The company’s reach extends nationwide through a comprehensive network of over 200 dealers and distributors strategically positioned across India. With a vision to emerge as a global leader, the company aligns itself with the promising trajectory of the polycarbonate sheet market, projected to reach $2.6 billion by 2031. Tilara’s strategic positioning, coupled with its unwavering commitment to quality, innovation, and customer satisfaction, positions it as a key player ready to make a significant impact on the global stage.

    Notably, the venture has recently introduced an innovative solution to the market: glass-like polycarbonate sheets. This cutting-edge product addresses the challenges faced by millions of fabricators, providing an easy and efficient solution for interior and exterior railings and facades. These sheets are a game-changer, being lightweight, UV-resistant, resistant to yellowing over time and 250 times stronger than glass.

    Being a 100% recyclable product, it aligns with the company’s commitment to eco-friendly practices. The enhanced weather protection ensures longevity, making it a cost-effective and sustainable choice for a wide range of applications.

    Tilara Polyplast’s commitment to quality is reflected in its certifications, including ISO 9001:2015, IS 14443:1997, CE, and EN 16240:2013. These certifications underscore the company’s dedication to meeting and exceeding international standards, ensuring that its customers receive products of the highest quality.

    Under the leadership of Brijesh Tilara, the company remains at the forefront of the evolving needs of the construction and design sectors, offering exceptional solutions that redefine the possibilities of polycarbonate and acrylic sheets in the modern world.

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  • Club Resorto Transforms Customer Care Division into Club Resorto Customer Delight Centre (CRCDC) with Nine Dedicated Division

    Club Resorto Transforms Customer Care Division into Club Resorto Customer Delight Centre (CRCDC) with Nine Dedicated Division

    Club Resorto Transforms the Customer Care Division into Club Resorto Customer Delight Centre (CRCDC) with Nine Dedicated Divisions

    New Delhi (India), November 27: Club Resorto, a premier name in the hospitality industry, announced a strategic overhaul in its customer care division in line with its Vision 2030. The company has revamped its customer care department, now known as the Club Resorto Customer Delight Centre (CRCDC), to enhance customer experiences and streamline operations. This transformation involves the establishment of nine specialized divisions, all operating cohesively under the CRCDC umbrella.

    The nine distinct divisions of the Club Resorto Customer Delight Centre are designed to cater to various aspects of customer engagement and satisfaction:

    1. Inbound & IVR Team: Available at +91-8183-93-93-93, this team serves as the primary connection point for all departments, allowing customers to leave messages efficiently, which are then seamlessly coordinated with the relevant divisions.

    2. Bookings Team: Dedicated to handling bookings for our esteemed customers, reachable via the coordinates provided to patrons of Club Resorto Packages.

    3. Club Resorto Gift Voucher Team: Exclusive service for all free gift vouchers, reachable at holiday1@clubresorto.com.  

    4. Club Resorto Reviews-Delight: This division focuses on post-holiday feedback, ensuring a continuous improvement loop based on customer experiences.

    5. Club Resorto Complaints-Relish: Working closely with customers to address issues promptly and enhance their overall experience.

    6.EOs – Experience Officers: Dedicated Relationship Managers (RMs) for Club Resorto Packages’ patrons, ensuring personalized experiences.

    7. Escalation Team: Customers can reach out if issues remain unresolved through the Escalation Matrix available at https://www.clubresorto.com/club-resorto-complaints.

    8. Strategic Alliance: Collaborating with hoteliers and banks, this department aims to expand property options and banking offers for customers, reachable at holiday2@clubresorto.com.

    9. CRCMP Team – Club Resorto Customer Meet Programme: An initiative to engage with customers directly for feedback, accessible at https://www.clubresorto.com/Club-Resorto-Customer-Meet-Programme.

    Mr. Abhishek Gautam, Director & CEO, Club Resorto Vacations Pvt. Ltd., shared, “CRCDC marks a pivotal moment in our commitment to elevating customer experiences at Club Resorto. With these nine dedicated divisions under one umbrella, we’re not just addressing needs; we’re enhancing delight. This transformation is a testament to our unwavering dedication to our patrons, ensuring their journey with us is nothing short of extraordinary. CRCDC isn’t merely about addressing concerns; it’s about nurturing joy and crafting memorable moments. Through the collaborative efforts of our specialized teams – from addressing post-holiday feedback to resolving any concerns swiftly – we are devoted to turning every interaction into an opportunity for unparalleled delight. At Club Resorto, our patrons are at the heart of our evolution, and CRCDC is a testament to our commitment to their utmost satisfaction.”

    Club Resorto encourages all stakeholders to continue contributing their suggestions and feedback as vital components fueling the company’s trajectory toward becoming an Indian Unicorn by 2030. Stakeholders’ input can be shared through https://www.clubresorto.in/club-resorto-review/

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  • IFGL Refractories inaugurated its state of the art research centre in Kalunga, Odisha

    IFGL Refractories inaugurated its state of the art research centre in Kalunga, Odisha

    Rourkela (Odisha) [India], November 27: IFGL, the largest Indian owned multi-national refractories company, unveiled its Research Centre in Kalunga, Odisha, on 24th November, 2023 in the presence of Mr. Shishir Bajoria, Chairman, IFGL Refractories Limited and Mr. James McIntosh, Managing Director, IFGL Refractories Limited.

    The state of the art facility provides IFGL a world class capability to complete fundamental research along with a metal melting facilities to enable confirmation of material, steel, slag interface reactions. At IFGL, we see the creation, tabulation, benchmarking and development of our own material intellectual property to be fundamental to our future growth. This Research Centre will give emphasis to Basic research in developing indigenous Raw materials, alternate materials, recycling, new product development in order to provide better quality solutions to our user industries.

    Our important focus will be to develop processes and products that enable business growth through sustainable material programs to reduce our impact on the environment. 

    Mr. James McIntosh, Managing Director of IFGL Refractories Limited, stated” Our vision for the development of the IFGL Research Centre is realized and the work now begins to reach new heights in product performance and expand our product range”.

    About IFGL Refractories Limited

    IFGL Refractories Limited is a reputed global brand in the Refractory Industry with 10+ strategically located manufacturing units across Asia, Europe and North America. IFGL, with its subsidiaries in the UK, USA, China, Germany and the Czech Republic, offers refractory solutions to leading Iron & Steel producers and foundries across 50+ countries. A flagship company of S.K. Bajoria Group, IFGL is a BSE (Bombay Stock Exchange) and NSE (National Stock Exchange) listed company.

    For more information, visit: www.ifglgroup.com

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  • Global Dental Services, parent of Clove Dental, secures USD 50MM investment from Qatar Investment Authority (QIA)

    Global Dental Services, parent of Clove Dental, secures USD 50MM investment from Qatar Investment Authority (QIA)

    New Delhi (India), November 27: Global Dental Services, parent of Clove Dental, India’s largest tech-enabled-dental-platform, is delighted to announce a strategic equity investment of USD 50 MM from Qatar Investment Authority (QIA), the sovereign wealth fund of the State of Qatar.

    Combined with USD 66 MM raised in December 2022, in a round led by Investcorp, this investment underscores the group’s historical performance and confidence in the significant growth potential. The total investment of USD 116 MM (INR 963 Crore) will be used to rapidly grow the Clove Dental clinical network, expand world-class smile-enhancing solutions, and develop a therapeutic oral care product range.

    Founded in 2011, by Amarinder Singh, the group, as on date, operates 422 company-owned & managed dental clinics under the “Clove Dental” banner, spread across 24 cities in 12 states.

    This investment in Clove Dental comes as QIA looks to further diversify its portfolio in India’s fast-growing economy and comes on the back of recent investments in India within the technology, media and telecoms sector, retail sector, and in green energy investments.

    Sheikh Faisal Thani Al-Thani, Chief Investment Officer, Africa & APAC at QIA, added, “QIA is committed to supporting innovative companies with high-growth potential and sees great potential in India’s fast-growing healthcare and retail markets. We have been impressed by Clove’s rapid expansion across India, commitment to quality, and innovative approach to dental care and look forward to welcoming them to our diverse global healthcare portfolio.”

    Louis Shakinovsky, Chairman of Global Dental, stated, “From inception, we have been, and are, very selective in whom we bring on as partners and shareholders. QIA is an outstanding example of a shareholder who is aligned with the long-term vision of the group. At Global Dental, we have made significant investments in people, technology, equipment, and infrastructure.” 

    Amarinder Singh, Founder & CEO of Global Dental, said, “This investment from QIA will enable our group to pursue its ambitious growth plans in both existing and new tier I & II cities across India, ensuring that more Indians have access to reliable, high-quality, & affordable dental care”. 

    Clove clinics are equipped with state-of-the-art dental equipment and managed by a team of over 1,010 highly qualified dentists. 78% of Clove Dentists are women and 61% of Dentists hold advanced Master’s (MDS) degrees in Dentistry. Clove has extensive standard operating procedures (SOPs), standardized pricing, non-commission-based compensation systems, in-clinic audits, peer-to-peer case (treatment) reviews and AI-based chair sterilization systems that collectively, have set new benchmarks in dentistry in India and globally. 

    About Qatar Investment Authority:
    Qatar Investment Authority (“QIA”) is the sovereign wealth fund of the State of Qatar. QIA was founded in 2005 to invest and manage the state reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions, as well as in partnership with leading institutions around the world to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar.

    Media Contact: media@qia.qa

    About Global Dental Services:
    Global Dental Services (GDS) is a tech-enabled comprehensive end-to-end dental platform providing products and services for oral health, dental beauty and everyday at-home care. GDS operates “Clove Dental”, the largest network of company-owned & managed dental clinics in India.  GDS recently also launched a new dental beauty brand – “Whistle”, that offers customized smile-enhancing solutions, including invisible aligners. In addition, GDS operates a third D2C business offering therapeutic toothpaste and related everyday care products under the Clove banner.  Finally, GDS also has several B2B businesses, including Yarrow Dental Laboratory – a custom dental prosthesis laboratory and xMedco – a dental equipment and consumables distribution company. 

    About Clove Dental:
    Clove Dental is the largest network of dental clinics in India. Since its inception in 2011, the brand has been consistent t in its vision and ardently strives to offer global standards of dentistry in every neighborhood across the subcontinent. Clove manages more than 45,000 patients every month, has over 15 Lakh satisfied patients, and has completed over 30 Lakh treatments over the last twelve years. Clove Dental is equipped with state-of-the-art equipment and technology and has more than 1,000 dentists on its payroll in its 422+ company-owned and managed clinics across India. Clove standards have become the industry benchmarks in the highest standards for hygiene & safety, clinic quality, transparency, ethics, and customer service.

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  • Shah Capital Invests in Matrubharti

    Shah Capital Invests in Matrubharti

    New Delhi (India), November 27: Indian language self-publishing platform Matrubharti has secured 10% equity investment from Shah Capital, a US based investment firm, a milestone for the platform dedicated to fostering a community of authors and readers. The company, renowned for its self-publishing story platform in various Indian languages, consists of an expansive community comprising over 100,000 authors who have collectively published over a million stories. 

    Matrubharti has emerged as a universal library for story discovery in ten Indian languages, encompassing Hindi, English, Gujarati, Marathi, Tamil, Telugu, Malayalam, Kannada, Urdu, and Bangla. Its focus lies in presenting longer, immersive story formats engaging its readers. It offers a diverse array of episodic novels ranging from 10 to 250 episodes across genres such as Love Stories, Horror, Fantasy, Thrillers, Detective tales, Spiritual narratives, Children’s stories, and Motivational sagas, including biographies. 

    Authors are awarded multiple opportunities to earn, including one-time royalties on their stories and the publication of paperback books through Matrubharti, where authors garner a 25% royalty on the selling price. Many authors have amassed a readership exceeding a million for their stories on our platform. Nilesh N Shah and Mahendra Sharma, the founders of Matrubharti, emphasize a language-focused community-centric approach, backed by a robust content generation and marketing platform that currently engages millions of users. 

    Shah Capital, known for its keen investment prowess globally, prides itself on proactive thinking and deeper understanding, recognized an opportunity in Matrubharti. Investment from Shah Capital is earmarked for bolstering marketing and sales efforts, further amplifying reach and offerings. Matrubharti is competing with Amazon Kindle, Pratilipi and Pocket Novels as self-publishing platforms in vernacular languages popular in the Indian content community. 

    “We deeply appreciate the work done by Matrubharti for authors and readers alike. Vernacular languages deserve appreciation, and this investment is our way of empowering regional content”, said Chirag Shah, Director, India Operations.

    For more details, visit the company’s website: https://www.matrubharti.com/

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  • Deepak Chemtex Sets Price Band for Rs 23.04 Cr IPO

    Deepak Chemtex Sets Price Band for Rs 23.04 Cr IPO

    Mumbai (Maharashtra) [India], November 27: Deepak Chemtex Limited was founded in 1997 and is a company that produces colorants used in food, pharmaceuticals, and cosmetics, among other sectors. The company is considering issuing a fresh 28.8 lakh shares in an SME initial public offering (IPO) to raise Rs 23.04 Cr.

    For the book-built issue, Deepak Chemtex initial public offering (IPO) will open for subscription on November 29, 2023, and end on December 1, 2023. On Wednesday, December 6, 2023, the share allotment is anticipated to be completed. The proposed listing date for the Deepak Chemtex IPO is Monday, December 11, 2023, and it will take place on the BSE SME platform.

    The minimum lot size for the issue is 1600 shares, and Deepak Chemtex has set its IPO price band at Rs 76 to Rs 80 per share. Therefore, for a single bid lot, individual investors must deposit a minimum of Rs 128,000.

    According to Deepak Chemtex IPO DRHP, 50% of the net issue has been reserved for qualified institutional buyers (QIB), 35% for retail investors and 15% for the NII category. As per the DRHP of the SME IPO, 1,364,800 shares have been allocated for the QIB category, 411,200 shares for NII, 956,800 shares for RII, and 147,200 equity shares for the market makers (MM) category.

    Bigshare Services Pvt Ltd is the registrar for the Deepak Chemtex IPO, while Hem Securities Limited is the book-running lead manager. The IPO’s net proceeds will be utilised for general corporate purposes, investment in the company’s subsidiary DCPL Speciality Chemicals Private Limited, funding for working capital requirements, and capital expenditures, as per the DRHP.

    Deepak Chemtex Private Ltd reported a revenue from operations of Rs 46.70 Cr and an EBITDA of Rs 7.99 Cr with a margin of 17.11% in FY23. The company posted a net profit of Rs 6.31 Cr and PAT margin stood at 13.51% in FY23. In 2023 Deepak Chemtex Private incorporated a wholly owned subsidiary company in New Jersey, USA named “South West Chemicals Corporation”.

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  • ChargеU’s Meteoric Ascent: The Essence of Simplified Digital Payments

    ChargеU’s Meteoric Ascent: The Essence of Simplified Digital Payments

    Mumbai (Maharashtra) [India], November 27:  Tеchnological changе, еncompassing thе intricatе procеss of invеntion, innovation, and thе diffusion of tеchnologiеs, plays a pivotal rolе in shaping our modеrn world. It involvеs not only thе crеation and commеrcialization of tеchnologiеs but also thеir continuous improvеmеnt and widеsprеad adoption. This multifacеtеd phеnomеnon is dееply rootеd in sociеtal dynamics, еmphasizing thе intеrconnеctеdnеss of producеrs, adoptеrs, and influеntial еntitiеs likе thе govеrnmеnt. Thе influеncе of cultural, political, and markеting factors undеrscorеs thе sociеtal impact of tеchnological advancеmеnts. 

    In frее-markеt еconomiеs, thе pursuit of profit еmеrgеs as a potеnt forcе driving tеchnological changе. Thе dеvеlopmеnt and markеt еntry of tеchnologiеs arе prеdominantly motivatеd by thеir potеntial to maximizе profits for capital ownеrs. This еconomic oriеntation crеatеs a bias, sidеlining tеchnologiеs that may fulfill significant sociеtal nееds but fall short of profitability critеria. Thе absеncе of wеll-еstablishеd dеmocratic procеssеs furthеr tilts thе balancе, lеaving tеchnological dеvеlopmеnt largеly in thе hands of financial intеrеsts. This rеality calls for a nuancеd еxploration of dеmocratic avеnuеs for citizеn involvеmеnt in shaping thе trajеctory of tеchnological еvolution.

    ChargеU, thе latеst vеnturе of thе tеch company, stands out as a vеrsatilе utility app addrеssing divеrsе paymеnt nееds. From Mobilе Postpaid Bill Paymеnts to Elеctricity and Gas Bill Paymеnts, ChargеU providеs a comprеhеnsivе solution. Thе platform prioritizеs usеr convеniеncе, offеring a sеamlеss еxpеriеncе for managing еssеntial bills and paymеnts. Usеrs can sеttlе utility bills swiftly and sеcurеly, еliminating thе complеxitiеs associatеd with juggling multiplе paymеnt mеthods. ChargеU еmеrgеs as a gamе-changеr in simplifying utility paymеnts and еnhancing thе ovеrall usеr еxpеriеncе.

    Bеyond consumеr-facing sеrvicеs, ChargеU еxtеnds its impact by providing whitе-labеl solutions to businеssеs. Lеvеraging thе tеam’s еxpеrtisе and commitmеnt to digital innovation, ChargеU bеcomеs thе idеal partnеr for companiеs sееking to intеgratе еfficiеnt bill paymеnt solutions into thеir platforms. With a provеn and robust platform, businеssеs can savе valuablе timе and rеsourcеs that would othеrwisе bе spеnt on dеvеloping thеir paymеnt systеms. ChargеU’s whitе-labеl solutions еncompass a spеctrum of sеrvicеs, including Mobilе Postpaid Bill Paymеnt, DTH Rеchargе, FastTag Rеchargе, Elеctricity Bill Paymеnt, Watеr Bill Paymеnt, and Gas Bill Paymеnt. This marks ChargеU as a trustеd ally for businеssеs striving to strеamlinе and еlеvatе thеir paymеnt offеrings in thе digital world.

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