Business

Ahmedabad (Gujarat) [India], May 11:  Celebrating Akshaya Tritiya, a day of prosperity and new beginnings, Automark, Group Landmark’s Volkswagen dealership, showcased an impressive surge in Volkswagen car deliveries, highlighted by the sporty allure of the new GT variants of the Taigun and Virtus. This significant event not only celebrated the rich cultural tapestry of India but also marked a milestone in Volkswagen’s journey, emphasising the brand’s innovation and excellence. Volkswagen cars are renowned for their unmatched blend of innovation, safety, and style, setting them apart in the global automotive market. These core strengths are consistently recognized, as evident from the ‘2023 Indian Sedan of the Year’ awarded to the Virtus and the ‘2022 Indian SUV of the Year’ accolade for t...

New Delhi [India], May 11: Today, the success of any organisation depends on its ability to engage and retain employees. One mantra to keep employees happy is offering more training and development. Managers are the driving force behind teams and play a crucial role in fostering an environment where employees can learn, develop, and evolve personally and professionally. Effective managers know how prioritising employees’ growth enhances individual performance and aids the organisation’s overall success and sustainability. To lead the learning revolution and champion employee growth, a manager’s role goes beyond overseeing daily operations. It requires a proactive approach to nurture talent, promote a culture of continuous learning, and offer opportunities for progress. Managers must e...

Mumbai (Maharashtra) [India], May 10: Veritaas Advertising Limited, an integrated advertising agency offering 360-degree services across various platforms, has announced its plan to go public with an Initial Public Offering (IPO) on May 13, 2024. The company is aiming to raise ₹ 8.48 Crores at the upper band through this IPO, with shares set to be listed on the NSE Emerge platform.The issue size is Up to 7,44,000 equity shares at a face value of ₹ 10 each. Equity Share Allocation– QIB Anchor Portion – Up To 1,74,000 Equity Shares– Qualified Institutional Buyers (QIB) – Up To 1,77,600Equity Shares– Non-Institutional Investors (NII) – Up To 1,06,800 Equity Shares– Retail Individual Investors (RII) – Up To 2,48,400 Equity Shares – Market Maker – Up To 37,200 Equit...

Mumbai (Maharashtra) [India], May 10: Mandeep Auto Industries Limited,a dynamic Manufacturer and Supplier of Automotive Components, has announced its plan to go public with an Initial Public Offering (IPO) on May 13, 2024. The company is aiming to raise ₹ 2,524.56 Lakhs at the price of ₹ 67 per share through this IPO, with shares set to be listed on the NSE Emerge platform.The issue size is Up to 37,68,000 equity shares at face value of ₹ 10 each. Equity Share Allocation– Non-Institutional Investors (NII) – Up To 17,88,000 Equity Shares– Retail Individual Investors (RII) – Up To 17,90,000 Equity Shares– Market Maker – Up To 1,90,000 Equity SharesThe proceeds from the IPO will be allocated to expand current manufacturing capabilities, acquire new equipment and machi...

Mumbai (Maharashtra) [India], May 9: Star Housing Finance Limited (Star HFL), a BSE listed company (BSE Scrip code BOM: 539017) has maintained its growth trajectory in the retail home finance space and has resultantly reported robust business and financial performance for the fiscal year ending on March 31, 2024.During the period Star HFL registered milestones across business areas for the full year ending Mar 31, 2024 enlisted as below:Business Numbers: AUM increased 73.52% y-o-y to Rs. 426.86 crs. The Company disbursed Rs. 240.86 crs in the financial year.Income Growth: Interest income grew by 66.82% y-o-y on the back of strong traction in disbursements during the year. Net Interest Margin (NIM) stands at 7.86%Asset Quality Remains Intact: PAR (0+ days past due) stood at...

Mumbai (Maharashtra) [India], May 9: Kore Digital Limited, (NSE Code – KDL) one of the leading telecommunication infrastructure developments and related allied services provider, has announced its audited Financial Result for Q4 FY24 & FY24.Key Financial Highlights: Key Audited Financial Highlights Q4 FY24– Total Income of ₹ 36.11 Cr, YoY growth of 289.66%– EBITDA of ₹ 7.28 Cr, YoY growth of 254.47%– EBITDA Margin of 20.16%– PAT of ₹ 4.49 Cr, YoY growth of 253.37%– PAT (%) of 12.43%– EPS of ₹ 13.47, YoY growth of 167.26%Key Audited Financial Highlights FY24– Total Income of ₹ 105.08 Cr, YoY growth of 393.93%– EBITDA of ₹ 17.07 Cr, YoY growth of 259.84%– EBITDA Margin of 16.25%– PAT of ₹ 11.49 Cr, YoY growth of 256.72%– PAT (%) of...

Mumbai (Maharashtra) [India], May 9: ABS Marine Services Limited, aformidable force in the maritime industry, has announced its plan to go public with an Initial Public Offering on May 10, 2024. The company is aiming to raise ₹ 96.28 Crores at upper price band through this IPO, with shares set to be listed on the NSE Emerge.The issue size is Up to 65,50,000 equity shares at face value of ₹ 10 each. Equity Share AllocationQIB Anchor Portion – Up To 18,41,000 Equity SharesQualified Institutional Buyers (QIB) – Up To 12,28,000 Equity SharesNon-Institutional Investors (NII) – Up To 9,22,000 Equity SharesRetail Individual Investors (RII) – Up To 21,49,000 Equity SharesMarket Maker – Up To 4,10,000 Equity SharesThe net proceeds from the IPO will be utilized for...

New Delhi [India], May 6: Following the G20 Summit on May 4th-5th in Mumbai, India and the United States are striving to forge a “Modern Spice Route” through the Indo-Europe Economic Corridor (IMEC). This initiative has seen a significant shift, with major international investment banks, the JFRS International Chamber of Commerce, and publicly listed companies entering into strategic cooperation agreements. With India’s recent economic development surpassing that of the United Kingdom, positioning it as the world’s fifth-largest economy, domestic Indian enterprises are attracting increased investment and partnerships. Particularly in sectors such as finance, energy, information technology, and consumer goods, there is a plethora of new investment plans signaling fresh opportunities on the...

Dubai (UAE), May 4:  ZEEBU is pleased to announce the upcoming ZBU Token Burn Event, an integral part of its strategy to ensure the continuous effectiveness of ZBU as a trusted means of payment within the ZEEBU ecosystem. This event signifies ZEEBU’s dedication to a thriving token ecosystem by ensuring tokens are removed from circulation upon serving their utility within the platform. This fosters a balanced flow, promoting the continued growth and efficiency of the ZEEBU ecosystem.Event Details: Event Date: 3rd May 2024 Projected Burn Amount: To be announced  Background and First Burn Recap: The first token burns in February 2024 marked a significant milestone for ZEEBU, removing 236,863,773.8 ZBU tokens from circulation—more than 4.7% of the total supply. This action...

New Delhi (India), May 4: Token 2049 Dubai serves as a beacon for pioneers in the blockchain industry, drawing innovators from around the globe. M20 Chain stood out at this year’s event, unveiling significant technological advancements and demonstrating its influence and commitment to the future of blockchain. This article recaps M20 Chain’s impactful presence at Token 2049 Dubai, focusing on its major innovations and contributions to the blockchain landscape.M20 Chain’s Highlights at Token 2049 DubaiMCard: Transforming Crypto Payments M20 Chain’s showcase of the MCard marked a significant highlight at the conference. This innovative tool is designed to bridge cryptocurrencies with everyday financial transactions, allowing users to convert and spend their digital assets at poi...