Business – Page 693 – THE ECONOMIC INDIA

26 May

Asian Granito India Ltd reports Consolidate Net Profit of Rs.91.8 crore, Cons. Net Sales of Rs.1563.8 crore in FY 22

BusinessBusiness

Mr Kamlesh Patel, CMD and Mr Mukesh Patel, MD, Asian Granito India Ltd Company recommends 7.00% dividend, Rs. 0.70 per share for FY 22; Led by volume growth and higher realization, company reported its highest ever Yearly Sales, EBITDA and Net Profit for the FY ended 31stMarch 2022 FY22 Results Highlights:– (Consolidated) · Net Profit Reports Y-o-Y growth of 60.5% to Rs.91.8 crore; · Net Sales reports Y-o-Y growth of 21% to Rs.1563.8 crore; Business Highlights:- · Exports for FY22 at Rs.204.9 crore. · Company’s rights issue of Rs.440.96 crore achieved successful closure with 127% subscription. Received bids for over…

26 May

MSME Home Textile Sector Deeply Impacted With Spiralling Cotton Yarn Prices

BusinessBusiness

Mumbai (Maharashtra) [India], May 26: Prospects for the Home Textile Sector to achieve the target set this year is extremely difficult despite the fact that the Industry had opened up entirely after the second wave of the Covid-19 Pandemic. The Home Textile Sector mainly comprises MSMEs. The Government of India has been highly Supportive. It has announced several measures like CGS, Loan Restructuring Measures, Moratorium, Deferment of interest Payments, ECLGS as well as CGTMSE for MSMEs on account of the impact of Covid -19 Pandemic. Mr. Amit Ruparelia, Convener of Made-Ups Exporters Forum, stated, “The main reason for the problem…

26 May

Empyrean Cashews betting big on growth

BusinessBusiness

Mumbai, May 25: Empyrean Cashews Limited, a leading firm engaged in processing raw cashew nuts into finished cashew kernels with different grades and flavours aim to create a strong brand presence and hence is planning to set up 4 COCO outlets in Goa in Q2 FY23. In a bid to capture higher retail customers, the company is planning to widen its digital footprint and will be starting its own e-commerce portal in FY23. Empyrean Cashew Ltd went public in March 2022, and in its first earning post listing, the firm has created strong value for its investors, with its EPS jumping by…

25 May

We The Chefs’ (WTC) collaboration with O-Fish heralds the beginning of the finest frozen seafood delivery at your doorstep

BusinessBusiness

One-Stop Destination for heavenly food experiences served on your platter Gurugram (India), May 25: We The Chefs is a one-stop online destination for food that caters to anyone who loves devouring good healthy food. As India’s fastest-growing community of food lovers, it is also meant for all those who want to share their passion for cooking with everyone. In a recent tie-up with O-Fish, the platform will also provide options for the best quality seafood in the country. The multi-year partnership will see O-fish sell products through We The Chefs across Delhi NCR. This partnership allows ‘We The Chefs’ to exclusively deliver O-fish…

25 May

Swarnendu Bhushan’s Debut Fiction, Mir Qasim’s Tunnel, Unveils Secrets of the Ancient Times

BusinessBusiness

Swarnendu Bhushan launches Debut Fiction – Mir Qasim’s Tunnel India, May 25: Swarnendu Bhushan announced the release of his fiction thriller, Mir Qasim’s Tunnel, a novel based on the culture and heritage of Bihar’s Munger district. The Delhi-based publishing house has published the book – TreeShade Books and has been launched simultaneously across online and offline stores all over India. The book offers a blend between history and fiction with Munger’s history, ancient stories, and folklore. The story revolves around the three protagonists, Shakti, Binod, and Rakesh, who give in to their curiosity about the mysteries that lie beneath the city of…

25 May

Kamal Haasan reveals Vikram NFTs in Cannes

BusinessBusiness

Mumbai, 25th May 2022: Kamal Haasan is the first Indian actor to lay the foundation for his Metaverse debut on VistaVerse. VistaVerse is hosting its inaugural metaverse ‘Experience’ as a first of a growing lineup, a few of which will be revealed at the Cannes Film Festival this year. Incubated by Vistas Media Capital, which also launched India’s first curated, celebrity & fan engagement platform Fantico, VistaVerse is set to be home to a whole suite of the best of web3, including virtual land, NFTs, and games. The Vikram World is a collaborative effort between Lotus Meta Entertainment and Raaj…

25 May

How Paydeer changed the outlook of financial services in Rajasthan- A view

BusinessBusiness

May 25: Paydeer has become one of the beloved services of Rajasthan, with several people associating with the Paydeer family either as a distributor, retailers, alliance officers, or purely as a customer. These citizens had very little or no means of financial services and had to travel to cities for transactions or resort to paying up middlemen who charged hefty fees. Across several villages, towns, and suburban regions, you will see that Paydeer has been able to bring so much convenience to people. Having started operations in 2020, Paydeer has reached thousands of people. This was the vision Vinay Parihar had set…

25 May

The Unity Leads empowering people with the know-how to make money online

BusinessBusiness

The Unity Leads is educating people the right way for a digital India May 25: Father of the nation, Mahatma Gandhi, said, “Real education consists in drawing the best out of yourself.” Nobody can deny the fact that education is one of the best ways to man’s overall development. In other words, the lanes of education are the highways that lead to human progress. Furthermore, proper education is the only way to achieve one’s life goals. Education is the one factor that can determine a person’s ultimate success. You need to keep educating yourself to bring out the best in…

25 May

Global IP authority & former top IAS officer Dr Pushpendra Rai joins the Advisory Board of the Centre for Innovation in Public Policy (CIPP)

BusinessBusiness

Dr Rai was also Director with the UN’s World Intellectual Property Organization CIPP is an NCR-based think-and-do public policy tank A week ago, On 17 May, CIPP had announced IT stalwart Ganesh Natarajan’s joining its Advisory Board New Delhi (India), May 25: Former IAS officer Dr Pushpendra Rai, a renowned global authority on intellectual property, has joined the advisory board of the Centre for Innovation in Public Policy. CIPP is an NCR-based think-and-do policy tank whose mission is to design and build practical, new-age implementable solutions for the largest public good. Dr Rai’s joining comes a week after the announcement of Dr…

25 May

BLS International signs contract to process German visas in North America & Mexico

BusinessBusiness

New Delhi, 25th May ‘22 – BSE, NSE and MSE listed (BSE: 540073; NSE: BLS; MSE: BLS), BLS International, a trusted global tech-enabled services partner for governments and citizens, announced today that it has signed a 7-year contract to process short-term and long-term visas for Germany in North America and Mexico regions. BLS will be starting operations with two centres in Mexico and eight centres in North America in cities including Boston, Chicago, Houston, Los Angeles, Miami, New York, San Francisco and Washington D.C within six months. The company will be providing visa outsourcing services along with several value-added services…