Business – Page 838 – THE ECONOMIC INDIA

11 May

Overwhelming response received to Asian Granito India Limited’s Rs. 441 crores Rights Issue; Issue oversubscribes

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Mr Kamlesh Patel, CMD and Mr Mukesh Patel, MD, Asian Granito India Ltd Largest ever Rights Issue by an Indian Ceramic Company of Rs. 441 crores; Receives Bids for 8.89 crore shares against 6.99 crore shares offered in the Rights Issue; Public portion of the Rights Issue subscribed more than 1.38 times. Rights Issue proceeds to be utilised to fund Strategic Mega Expansion Plans in the Value Added Segments and various Strategic Initiatives; Pantomath Capital Advisors Private Limited acted as the Sole Lead Manager to this Rights Issue Ahmedabad, May 10, 2022: Asian Granito India Limited (AGL) today announced that…

11 May

LANXESS Q1 sales up 43.7 percent to EUR 2.432 billion

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Mumbai (Maharashtra) [India], May 11: Specialty Chemicals company LANXESS made a strong start to the year 2022. In the first quarter of 2022, EBITDA pre exceptionals increased considerably and amounted to EUR 320 million, 32.2 percent higher than the previous year’s figure of EUR 242 million. All the company’s segments contributed to the growth, with the Specialty Additives segment performing particularly well. LANXESS passed on the significantly increased raw material and energy costs via higher selling prices. The successful acquisitions, especially that of Emerald Kalama Chemical, likewise made a positive earnings contribution. The EBITDA margin pre exceptionals came to 13.2…

11 May

BALCO taking strong strides to adopt high-end technology across business functions

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Balconagar (India), May 11: Bharat Aluminium Company Limited (BALCO), India’s iconic aluminium producer, is undertaking strong measures to leverage technology and foster digitalization across business verticals to maximize operational excellence, in line with its vision of contributing to the development of nation holistically. Speaking on BALCO’s vision and manufacturing prowess Mr. Abhijit Pati, CEO and Director, BALCO, said, “The safety and security of our people and assets are of paramount importance to us. BALCO has been one of the early adopters in India to explore the field of smart technologies in its operational set-up. These investments and skills further bolster…

11 May

Founder of advertiCe, Mayur Sethi gets Emirates Award of Excellence in Dubai along with Doctorate in Digital Transformation

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Dubai (UAE), May 11: The reputed Emirates Award of Excellence recognizes extraordinary talent & commitment demonstrated by beacons of excellence in their respective field. Sethi is being rewarded with this award for his contribution to the field of programmatic advertising. advertiCe, a self-serve media planning and buying platform that was incepted to bring about a revolution in the programmatic advertising industry. Since the launch of the platform in 2020, Sethi has worked with brands like Tata Motors, Voltas, HDFC Bank, Dr. Reddys, Dell, OnePlus, Canara Bank, Amazon Prime, and many more. Sethi’s professional journey involves multiple achievements and he prides…

11 May

Bollywood’s ace filmmaker Subhash Ghai felicitates winners of the India Skill competition from Design Skill Academy in Pune

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Pune (Maharashtra) [India], May 11: Bollywood’s ace filmmaker Subhash Ghai felicitated five winners of the India Skills competition, the country’s biggest skill competition organised by the National Skill Development Corporation (NSDC) under the Ministry of Skill Development and Entrepreneurship (MSDE), in the categories of graphic design, animation, and 3D games at a ceremony organised by Design Skill Academy in Pune. Addressing a mammoth gathering, Subhash Ghai, chairman of Media and Entertainment Skill Council, and Whistling Woods said, “Students must widen their capacity of mind and must start thinking out of the box while creating their works of art. Only a…

11 May

Akshara Centre Launches an Initiative towards Safety Audit for Women in the City

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Respected Dignitaries at the Launch of Safety Audit Manual New Delhi (India), May 11: In an event hosted and organized by Maharashtra Mahila Arthik Vikas Mahamandal (MAVIM) under the auspicious occasion of Mahatma Jyotirao Phule and Dr. Babashaeb Ambedkar Birth Anniversary, A Women Safety Walk Marathi Manual and an animated video of Women’s Safety Walk was released and launched by Akshara Centre in the presence of Hon’ble Minister Madam, Yashomati Thakur, Mumbai Mayor Madam, Kishori Tai Pednekar, MAVIM Chairperson Madam, Jyoti Tai Thakare, MAVIM Managing Director Madam, Ms. Shraddhaa Joshi. In support of the initiative, Hon’ble Minister Women and Child…

11 May

TEXPROCIL appeals to Govt to intervene to control high input costs

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Shri Manoj Patodia, Chairman – TEXPROCIL New Delhi (India), May 11: Prices of all varieties of raw cotton, which is a major raw-material for textiles & clothing products, has increased sharply since the last many months. “The steep increase in the prices of raw cotton is a matter of deep concern for the entire value chain of cotton textiles such as home textiles and fabrics as it makes them uncompetitive in the export markets” said Shri Manoj Patodia, Chairman of The Cotton Textiles Export Promotion Council (TEXPROCIL). As a result of the high raw cotton prices production costs for large…

11 May

India’s one-of-its-kind carnival “The Bachpan Baby Carnival” is a celebration of kids’ talents all across the nation

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New Delhi (India), May 11: Bachpan, India’s leading preschool that has established its presence all over the country, has launched the “Bachpan Baby Carnival” for kids between ages 2 and 5. This is India’s one-of-its-kind virtual carnival, and Bachpan is hosting an -day all-inclusive event with fun contests and exciting prizes to celebrate this carnival. The event is Bachpan’s way of fostering creativity, charisma, and individuality amongst children. The submissions for Bachpan Baby Carnival started pouring in on 5th May 2022, with the final submission date being 15th May 2022. To create an inclusive environment, the carnival is open to all…

11 May

Paydeer Services becomes the top fintech startup in Rajasthan

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Jaipur (Rajasthan) [India], May 11: Paydeer Services Private Limited, a digital payment platform company, has grown to become Rajasthan’s top fintech startup, with a network of over 550 distributors and 20,000 retailers in about 33 districts and 249 blocks. Paydeer Services, which was founded in 2017, has built a digital network throughout Rajasthan to enable even the smallest merchant to become digitally self-sufficient. Through the Paydeer app’s digital wallet, the firm offers banking and financial services such as AEPS, BBPS, Loan, Vehicle Insurance, Pan Card, M-POS, and Domestic Facility Money Send (DMR). Users can make bill payments and cash withdrawals from anywhere…

11 May

Indulge in a Sartorial Spring with Phoenix Palladium’s Tranquil Stroll

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The nature is yours to explore New Delhi (India), May 11: A new season brings with it cheer, new beginnings and with Spring upon us, witness a surreal forest at Phoenix Palladium. Among the hustle bustle of the city, step into Phoenix Palladium and indulge in a tranquil stroll with fresh buds blooming, birds chirping and giraffes frolicking among the tress. Creating the summer vibe, Phoenix Palladium delighted its customers with an incredible experience. From hosting bespoke art events to international stature themed installations, Palladium leads the art and décor scene in the city and this time around, Phoenix Palladium unveiled a…