Press Release – Page 106 – THE ECONOMIC INDIA

15 Nov

The Rising Need for Insurance in Gated Communities in India – Ethika Leads the Way Forward

New Delhi [India], November 15: As India undergoes rapid urbanisation, gated communities have become increasingly popular for their secure, community-focused environment. However, rapid urbanisation is also leading to challenges to the safety and security of the residents. The onus of such safety, especially from outsiders, falls on the shoulders of society’s management. Susheel Agarwal, Founder of Ethika Insurance broking, emphasises the need for specialized insurance policies tailored for gated communities to address such challenges and ensure a safe, harmonious living environment. “India is transforming into an urban society, and gated communities offer a secure lifestyle that resonates with urban residents.…

15 Nov

KLM Axiva Finvest To Raise Up to Rs 10,000 Lakhs Through NCD

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Kochi (Kerala) [India], November 14: KLM Axiva Finvest Limited has announced the Company’s eleventh public issue of secured redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1000. The base issue size of the public issue size is ₹5000 lakhs with an option to retain oversubscription up to ₹5000 lakhs, aggregating up to ₹10,000 lakhs. The NCD issue opened on Thursday, 14th November 2024, and will be closed on Thursday, 28th November 2024. The NCDs offer ten different investment options for individual investors to choose from. Effective yield for various investment options is ranging from 9.92% p.a. to 11.30% p.a. The face…

14 Nov

KP Energy’s NSE Listing Highlights Expanding Role in India’s Clean Energy Future

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Surat (Gujarat) [India], November 14: KP Energy Limited, Gujarat’s leading Balance of Plant (BOP) solutions provider for wind and wind-solar hybrid projects, celebrated a significant milestone today with its listing on the mainboard of the National Stock Exchange (NSE). The occasion marks a new chapter for KP Energy as the company steps onto a larger platform to drive sustainable growth and play a central role in India’s renewable energy revolution. Notably, at the time of the bell-ringing ceremony at NSE, the stock debuted at Rs. 541.00 and reached Rs. 544.90 in the next session. The listing ceremony, held at SEICC’s…

14 Nov

BrahmVeda Ventures Acquires Vedvaani to Lead AstroTech Innovation with AI-Enhanced Astrology Insights

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Surat (Gujarat) [India], November 14: BrahmVeda Ventures, an AI-focused venture studio with a mission to build transformative AI-powered businesses, has completed the acquisition of Vedvaani, a pioneering Astro AI app, through a landmark cash and equity deal. Vedvaani has made its mark by blending traditional astrological insights with state-of-the-art AI technology, delivering personalized predictions and habit-building features to its users. This strategic acquisition reflects BrahmVeda’s dedication to harnessing artificial intelligence as a disruptive force to revolutionize industries and deliver impactful, consumer-driven solutions. Founded by three visionary entrepreneurs – Vipul Kapoor, Nachiket Patel, and Kashyap Pandya – BrahmVeda Ventures is shaping…

14 Nov

Lincoln Pharmaceuticals Ltd reports Net Profit of Rs. 50.03 crore in H1 FY25, growth of 7.55 Percent Y-o-Y

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Ahmedabad (Gujarat) [India] November 14: Lincoln Pharmaceuticals Limited, one of India’s leading healthcare companies has reported standalone net profit of Rs. 50.03 crore for the half year ended 30th September 2024, growth of 7.55% Y-O-Y as compared to the net profit of Rs. 46.52 crore in H1 FY24. Income from operation for the H1 FY25 was reported at Rs. 308.50 crore, higher by 5.79% Y-O-Y over H1 FY24 income from operation of Rs. 291.61 crore. EBITDA for the H1 FY25 ended September 2024 was reported at Rs. 71.50 crore as compared to Rs. 68.25 crore EBITDA in H1 FY24 registering…

13 Nov

Rajkot’s Smart City Vision: Municipal Corporation’s Bold Steps with Bond Issue for Water and Sewerage Expansion

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Rajkot (Gujarat) [India] November 13: The Rajkot Municipal Corporation (RMC) has achieved a significant milestone in urban infrastructure development by raising Rs. 100 crore through a municipal bond issue. Oversubscribed by 4.95 times, this bond issue reflects strong investor confidence and underlines RMC’s dedication to fiscal discipline, transparency and innovation in urban governance. The Rs. 100 crore bond, issued with a five-year tenure at a 7.90% interest rate and rated AA by CRISIL, was offered on the National Stock Exchange’s Electronic Bidding Platform. The Government of India’s Rs. 13 crore interest subsidy for cities issuing municipal bonds will help reduce…

12 Nov

200-Hour Certified Yoga Teacher Training Rishikesh- A Life-Changing Experience

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New Delhi [India] November 12: A 200-hour course for certified yoga teachers There is more to Rishikesh than a certification. Aspiring yoga teachers can set out on a path of skill improvement, spiritual development, and self-discovery. This will enable you to fulfil your ambition of teaching yoga. A thorough program is offered by the 200-hour Certified Yoga Teacher Training Rishikesh. Your confidence in becoming a certified yoga instructor will increase as a result. This introductory course covers all facets of yoga, including anatomy, philosophy, and hands-on teaching methods. Yoga practice and study are part of the 200-hour YTT, which takes 24 days to…

11 Nov

Indian Economy, Trump and Much Ado About US Fed Rates

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New Delhi [India], November 11: Trump’s resounding win did not just add US$12 billion to Elon Musk and caused a broader rally across the US equity markets. One may justify the optimism due to the expected policy changes in stocks, but the subject that is less talked about is the rates. US government bonds dropped dramatically on the expectation of higher rates and for longer. For various reasons well known to investors, the US dollar plays an important role in global economics. It is not just the world’s reserve currency; it is also the denominator for the price of global…

11 Nov

Raghu Vamsi Group acquires UK-based PMC Group

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Hyderabad (Telangana) [India],November 11: Hyderabad based Raghu Vamsi Group, a Tier One manufacturer of high precision and hi-critical components, sub-assemblies, and systems for global OEMs like Boeing, GE Aviation, Honeywell, Rolls Royce, Collins Aerospace, Halliburton, Eaton, Cytiva etc. Celebrated its successful 100% acquisition of PMC Group, a leading UK-based precision machining company specializing in components for the Oil & Gas industry. The acquisition of PMC Group represents a strategic step forward in Raghu Vamsi Group’s vision to enhance its global footprint and expand its capabilities by moving up the value chain in providing high-precision products and solutions to critical industries…

11 Nov

Amid FTA Uncertainty between India and the UK, Consider Self-Sponsorship as a Solution for UK Immigration

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Mumbai (Maharashtra) [India] November 11: The UK is a preferred international destination for 89% of Indian businesses, according to new research. But while mid-market businesses recognise the opportunities the UK offers, a key barrier to trade and investment is a restrictive immigration and visa regime. Also, the need for detailed business documentation and proof of economic contribution’ is posing a challenge for investors. With a Free Trade Agreement (FTA) between India and the UK yet to materialise, visa specialists point to the self-sponsorship system as a solution. The scheme was pioneered by British legal firm A Y & J Solicitors and…