Press Release – Page 181 – THE ECONOMIC INDIA

07 Feb

Capri Global Capital Ltd announces Stock Split and 1:1 bonus

For Q3FY24, Net Profit rise 81.7% Y-o-Y to Rs. 68 crore, AUM rise 54.4% to Rs. 13,362.1 crore Mumbai (Maharashtra) [India], February 7: Board of directors of Capri Global Capital Ltd (CGCL), a diversifiedNon-Banking Financial Company (NBFC) with a presence across diverse segments like MSME, Affordable Housing, Construction Finance segments among others has approved stock split and 1:1 bonus issue. The company board also approved issuance of Non-Convertible Debentures through Public issue/private placement for an amount up to Rs. 500 crore in tranches. The Board of directors at its meeting held on January 27 has approved sub-division of one equity…

07 Feb

V.N. Credits Unveils PaySay: A Game-Changer in Credit Accessibility for India

Press Releasepr, Press Release

New Delhi (India), February 7: V.N. Credits Limited proudly introduces PaySay, a groundbreaking initiative poised to transform the credit landscape for individuals and MSMEs, especially in India’s Tier II cities, smaller towns and villages. PaySay emerges as a key player in the lending arena, championing financial inclusion and digital empowerment. 1. Filling the Credit Void PaySay, launched by V.N Credits, is a pioneer in providing easy and accessible credit solutions. It focuses on Tier II cities, smaller towns and villages, addressing the credit needs of small businesses and individuals often overlooked by traditional banking. With loans up to ₹10 Lakh, PaySay…

07 Feb

Minister Mukesh Patel lauds AM/NS India for CSR Initiatives and contributing towards employment generation

Press Releasepr, Press Release

Surat (Gujarat) [India], February 6: Mukesh Patel, Minister of State for Forest and Environment, lauded ArcelorMittal Nippon Steel India (AM/NS India) for diversifying its workforce, especially in roles traditionally held by men. Speaking at a recent event to mark the handing over of two trucks to the Forest Department by AM/NS Ports Hazira Limited, a subsidiary of AM/NS India, the Minister welcomed the inclusion of 300 women, including engineers, in its workforce by AM/NS India in the past year. The Minister noted that it was heartening to see the company going beyond conventional roles, and employing women as drivers, safety…

07 Feb

Thyrocare To Acquire Think Health Diagnostics To Enter Into Providing ECG Services At Home

Press Releasepr, Press Release

Navi Mumbai (Maharashtra) [India], February 7: In a significant stride towards fortifying its position in India’s healthcare landscape, Thyrocare, a leading diagnostic and preventive healthcare service provider in India, will be acquiring 100% stake in Chennai-based Think Health Diagnostics and a related entity. In this regard, Thyrocare has entered into a Share Purchase Agreement with Think Health Diagnostics and their existing shareholders on February 1, 2024. With this acquisition, Thyrocare becomes India’s one of the largest diagnostics at home healthcare service providers. This strategic acquisition helps Thyrocare provide ECG services at home. This acquisition paves the way for Thyrocare to tap additionally…

06 Feb

Forming the future of manufacturing

Press Releasepr, Press Release

Bengaluru (Karnataka) [India], February 6: IMTEX Forming 2024, organized by the Indian Machine Tool Manufacturers’ Association (IMTMA), was inaugurated on January 19, 2024, at the Bangalore International Exhibition Centre (BIEC), Bengaluru. Mrs. Geetanjali Vikram Kirloskar was invited as the Guest of Honour at the Inauguration Ceremony of IMTEX FORMING 2024. The exhibition was inaugurated by C K Venkataraman (MD, Titan Company Limited) and Geetanjali Vikram Kirloskar (CMD, Kirloskar Systems Limited). Jamshyd N Godrej (Chairman-Exhibitions, IMTMA), Rajendra S Rajamane (President, IMTMA), Mohini Kelkar (VP, IMTMA), and Jibak Dasgupta (DG & CEO, IMTMA, and BIEC) shared the dais at the inauguration. IMTEX Forming…

05 Feb

Lagnam Spintex Commences Commercial Production Ahead of Schedule

Press Releasepr, Press Release

New Delhi (India), February 5: Lagnam Spintex, a Rajasthan-based textile producer, announced that commercial production has begun on the 31st January 2024 at its substantially enlarged manufacturing plant, months ahead of schedule. The firm has invested Rs 218 crore to double its production capacity from 35 tons to 70 tons per day by installing 41,472 spindles for producing 100% cotton “Compact Yarn.” During trial production, Lagnam Spintex sold approximately 3,700 metric tons of yarn worth Rs 92 crore to leading domestic corporates and exported several containers overseas to countries including Europe, Bangladesh, Columbia, Egypt, Morocco and Peru. Exports accounted for over…

05 Feb

Komatsu India Unveils Unique Machine Care Program (MCP-5)

Press Releasepr, Press Release

Bangalore (Karnataka) [India], February 5: Komatsu India Private Limited (KIPL) and L&T Construction & Mining Machinery jointly unveil and bring to you the unique Machine Care Program (MCP-5), first-of-its-kindin the Indian construction equipment industry. This extended powertrain warranty program of 5 Years/12,500 Hours* is offered for the Komatsu Hydraulic Excavators that are produced in the state-of-the-art Komatsu’s manufacturing facility at Oragadam, Chennai, Tamil Nadu. Komatsu, a global leader in construction and mining equipment, has partnered with L&T Construction & Mining Machinery and introducing unique Machine Care Program (MCP-5) tailored specifically for Komatsu models PC205-10M0 and PC210/PC210LC-10M0 excavators, this comprehensive service…

02 Feb

Diver Palak Sharma selected for World Aquatics Championship 2024 in Doha

Press Releasepr, Press Release

Indore (Madhya Pradesh) [India], February 2: In a historic move, the Swimming Federation of India has selected a woman to lead the Indian diving team at the upcoming World Aquatics Championship 2024 in Doha, Qatar. The announcement of the Indian squad for the Championship was made by the Federation last evening. Palak Sharma, the first Indian female diver to clinch a gold medal in the Asian Age Group Championship, is set to make history as she leads the Indian team in Doha. The team also comprises London Singh, Surjeet Rajbansi and Wilson Singh. The team will be coached by Shenin…

02 Feb

From CEO to Export Pioneer: Francis Raxe’s Global Triumph Unveiled in Exclusive Podcast with Bhagirath Goswami

Press Releasepr, Press Release

Surat (Gujarat) [India], February 2: In a recent podcast, Bhagirath Goswami hosted Francis Raxe, an accomplished professional with over three decades of international experience. Originating from V Chisar, India, and Francis embarked on a diverse career, from FMCG to leadership roles in agriculture, oil and gas, and steel. Notably, he served as the CEO of Bridging Nations and as Chief Marketing Officer for a global steel company. Upon returning to India, Francis sought new avenues, leading him to the export business through Bhagirath Goswami’s Being Exporter program. Overcoming initial challenges, he successfully sent his first container after meticulous planning. Francis…

01 Feb

The Interim Budget for 2024 indicates a significant shift for India’s goal of achieving Net Zero status – Mr. Deepak Rai, Managing Director Of Bootes- India’s First Net Zero Company

Press Releasepr, Press Release

New Delhi (India), February 1: “The Interim Budget for 2024 indicates a significant shift for India’s goal of achieving Net Zero status. The country is poised for a surge in both residential and commercial construction, with the third highest rate of green building growth in the world. By 2027, the construction market in India is projected to reach Rs.117 trillion, with an expected compound annual growth rate of 17-21% from 2022-2027. Investments in infrastructure, particularly roads and railways, are set to increase significantly, with expected year-on-year growth rates of 21% and 15%, respectively, supported by capital outlay from both the…