Friday, March 17, 2017

Shankara Building Products planning to reduce its debt further post #IPO

Price Band for the Shankara Building Products IPO is fixed at Rs. 440 to Rs. 460 per Equity Share. The Offer will constitute at least 25% of the post Offer paid-up Equity Share capital of the Company.The Offer is being made through the Book Building Process.

The company expects to raise about Rs.45 crore by selling new shares, existing investor Fairwinds Trustees of Reliance PE will sell 5.7 million equity shares. Founder and managing director Sukumar Srinivas will sell 816,252 shares through the offer for sale (OFS) route.Shankara Building plans to use Rs.38 crore to retire debt and the rest for expansion of its retail network.

Wednesday, February 22, 2017

.@AddressHealth & @parikrma felicitate schools with innovative healthcare practices

 Shukla Bose, founder and CEO of the Parikrma Humanity Foundation said, “Parikrma Humanity Foundation has always been concerned about going beyond the curriculum and academics and we see health as part of the continuum. Through the awards, we are encouraging schools to adopt healthy practices.”

Dr. Anand Lakshman, Chief Executive Officer, AddressHealth, said, “At AddressHealth, we partner with schools to deliver preventive healthcare to maximum number of students. Because only Healthy children are happy children. Last year alone, we found nearly 170 children with undiagnosed heart murmurs in schools, some of whom will need surgical interventions.


Tuesday, February 21, 2017

ESDM sector to reach US$ 228 billion by 2020 says @IESA_ONLINE and @EYnews report

Other highlights pointed out that, the domestic manufacturing for Electronic Products has been growing at a CAGR of 17% which is expected to increase further over next 5 years. Electronic Manufacturing Services segment has seen a huge growth over the past two years and has grown from $0.5bn. in 2013 to $1.0 bn. in 2015. Indian EMS market is estimated to witness exponential growth of 42-68% over the next five years to reach US$6-13.2 billion.

.@MahindraRise backed app based cargo aggregator @smartshifters enters #B'luru

Mahindra Group-owned app based aggregator for cargo owners and transporters SmartShift has launched its operations in Bengaluru today after Hyderabad and Mumbai. Addressing the media at its Bengaluru launch Kausalya Nandakumar  CEO SmartShift  said, "We are targeting the SMEs and small transporters to expand our base."

SmartShift is using reverse auction method to offer the lowest price to its customers.Currently it has around 2500 small transport operators on its platform.According to one estimate, the logistics industry in India is pegged at $130 billion.It is banking on FMCG, Pharma, e-commerce  and logistics sector to grow its business in major metros across India.

Monday, February 20, 2017

#SIDBI & @VijayaBankIndia to offer loans to #MSMEs at concessional rate

Speaking on the occasion, Dr. Kishore Sansi, the MD& CEO of Vijaya Bank said that the Bank has taken several steps in the last year to proactively finance new entrepreneurs under Government of India’s new initiatives for MSMEs such as ‘Make in India’ and ‘Stand Up India’. The partnership with SIDBI would further improve the financing to MSMEs. This year alone, nearly 500 new entrepreneurs are financed by Vijaya Bank to set up Greenfield projects under ‘Stand Up India’ scheme. Further, the Bank has financed in excess of Rs.1250 crore this year alone under ‘Prime Minister’s Mudra Yojna (PMMY) scheme’.

Shri Manoj Mittal, Deputy Managing Director, SIDBI, while speaking on the occasion outlined the various initiatives taken in the recent past by SIDBI for enhancing credit flow to MSE Sector viz., Stand Up India Portal for providing an online market place for accessing finance and handholding support to SC/ST and Women entrepreneurs for setting up Greenfield projects with loan requirement from Rs.10 lakh to Rs.100 lakh, provide quasi-equity /equity to startup ventures under Fund of Fund operations, setting up of National Credit Guarantee Trustee Company (NCGTC) for guaranteeing loans in sectors such as skill development, education, MUDRA, factoring, etc. thereby boosting institutional credit flow to these sectors.

Friday, February 17, 2017

.@MahindraRise launches Supro Minivan and Minitrucks

Speaking on the launch, Pravin Shah, President & Chief Executive (Automotive), Mahindra & Mahindra said, “As the leader in the small commercial vehicle load segment with a market share of 51% in less than 3.5T category, we are always aiming to understand and address the evolving needs of our customers. The roll out of an entire range of 7 new variants from the Supro platform with their superior value proposition is a strong step in this direction.”

He further added, “The Supro brand is synonymous with Superior performance, Superior operating economics, Superior style and Superior comfort. With the launch of the Supro Minitruck and Minivan, we will further strengthen our portfolio under the “Supro” brand umbrella. I am sure that the Supro platform will go a long way in helping our customers prosper in life, in line with our Mahindra Rise philosophy”.

.@KirikParty star @rakshitshetty inaugurates @maxfashionindia 's 19th store in #B'luru at GT Mall

Speaking at the event, Rakshit Shetty said, “I am very excited to be a part of Max Fashion’s new store launch here at GT World Mall. Max Fashion is a one-stop shopping destination and I love Max’s stylish collection. I am very fond of wearing comfortable and quirky designs and this look from Max beautifully compliments my personal style”.

Talking about the launch Mr. Sandeep Narain, Senior V.P, Retail Operations & VM, Max Fashion India, said, “We are very excited to launch another Max store in Bangalore. We are expanding our footprint and aim to serve more customers in the city. We are thankful to Bangaloreans to accept Max as their leading fashion consultant.”

#Canadian Jewelry Designer-cum-Diamond painter @reenaahluwalia presents her work at @chettysons

Reena Ahluwalia, a jewelry designer-cum-diamond painter paints highly nuanced, hyperrealistic diamonds with ultra-magnified facets. In her paintings diamonds metaphors and reflects human attributes."For me diamonds are truly poetic, magical and majestic. In my paintings, diamonds are much more than just specimens, they are part of a larger story, always metaphoric and symbolic,"said Reena Ahluwalia.

Wednesday, February 15, 2017

.@HondaCarIndia launches Honda City 2017 sedan

Speaking on the occasion, Mr. Yoichiro Ueno, President and CEO, Honda Cars India Ltd. said, “The Honda City has been our most successful model in the country. It has brought joy to over 6.5 lakh customers across the country and has been India’s most successful sedan since its launch in 1998. It has also been the industry benchmark for quality and has been ranked No. 1 by the JD Power Initial Quality Study 14 times since its inception in the Indian market.”

“With the launch of a much-enhanced new Honda City 2017 we aim to exceed our customers’ expectations by offering amazing value at a very competitive price.  I am confident that with the new City, we will regain our leadership position in the segment”, he added.

Tuesday, February 14, 2017

Lifetime Achievement Award for @Cyient founder @BVRMohanReddy by SAP MEDIA WORLDWIDE Ltd.

On receiving the Lifetime Achievement Award, Mr. BVR Mohan Reddy Founder and Executive Chairman, Cyient said, "Our relentless focus on product and process innovation set us apart, and today we are a preferred partner for our global clients in the Aerospace & Defense sector. I am delighted to receive this award and dedicate it to the Cyient team, which has worked relentlessly to make Cyient a global leader in this space. We will continue to reinvent our business, operations, and the value we offer to our clients.”

The award ceremony was held on February 13th, at Le Meridian, Bangalore, on the eve of Aero India 2017 in the presence of the Guest of Honor, Dr. G Satheesh Reddy, Scientific Advisor to Raksha Mantri & Director, Research Centre Imarat (RCI).
Some of the other awardees were Lockheed Martin for excellence in contribution towards positive social impacts (CSR), Bharat Forge Ltd for excellence in contribution in Land Systems, Cyient Ltd for excellence in exports, Astra Microwave Products Ltd for excellence in R&D, Boeing India for Best Foreign OEM Supporting Make In India, AIRBUS, BrahMos Aerospace Limited, Honeywell, Tata Boeing Aerospace Ltd, Rossell Techsys, Hindustan Aeronautics and Bharat Electronics. Aravind Melligeri, Chairman & CEO, Aequs Pvt Ltd got the business leader of the year award.