This launch marks a significant expansion of Delta Exchange's ecosystem, catering to investors who seek direct exposure to major cryptocurrencies. Spot trading serves as the ideal entry point, aligning naturally with how most investors approach building their portfolios over time. With seamless INR deposits and withdrawals, users can trade entirely in their local currency, eliminating the need for stablecoins and substantially reducing the barrier to entry for Indian participants.

Users can begin with straightforward spot exposure in BTC, ETH, SOL, and XRP, and seamlessly transition to advanced derivatives trading as their experience grows, all within a single platform. Users can also switch between spot and derivatives wallets, and easily see how their trading and investing portfolios are performing.

Commenting on the launch, Delta Exchange CEO & Co-Founder Pankaj Balani said, "Spot trading is the most intuitive way to participate in the long-term growth story of Crypto. Our platform aims to offer Indian investors a seamless, INR-first experience. Whether you are steadily building a long-term position via spot or swiftly reacting to market shifts via derivatives, our goal is to equip every trader with a complete toolkit, spanning from spot to derivatives to algos, all on a single platform."Delta Exchange continues to strengthen India’s crypto ecosystem by offering secure, scalable access and low fees across advanced derivatives products. Other innovations such as Algo Marketplace, API Copilot, alongside its Futures and Options offerings, underscore the platform’s commitment to supporting the evolution of Crypto F&O trading in emerging financial centres across the country.

About Delta Exchange

Delta Exchange is a FIU-India registered cryptocurrency derivatives exchange in India, offering Futures and Options on Bitcoin, Ethereum and 100+ Altcoins, using INR only. Traders can trade Daily, Weekly & Monthly expiry Options on Bitcoin & Ethereum along with Perpetual Futures with seamless INR deposits and withdrawals without any exposure to crypto assets. For each expiry, a wide range of strikes are made available to give traders more flexibility. Additionally, features like Algo Trading, Straddle contracts, API Copilot, Strategy Builder, Basket Orders, and a rich set of analytics tools are provided to help traders succeed.

For further information, please visit: www.delta.exchange.

Disclaimer: Delta Exchange is India's #1 Crypto F&O Exchange based on daily trading volume among Indian crypto F&O exchanges, calculated using internal data. Crypto products are unregulated, highly risky, and may offer no regulatory recourse for losses.

Fireblocks is trusted by more than 2,400 institutions across the largest ecosystem of banks, payment providers, stablecoin issuers, exchanges and custodians, and has secured the transfer of over $10 trillion in digital assets.

What this integration means for WazirX users

• Stronger custody controls: Digital assets are secured using Fireblocks’ MPC-based wallet infrastructure, eliminating single points of compromise and enhancing institutional-grade protection.

• Enhanced risk management: Granular transaction policies, approvals, and governance controls provide additional safeguards against unauthorised or anomalous activity.

• Greater operational resilience: The platform supports secure, scalable operations with real-time transaction monitoring and policy enforcement.

Nischal Shetty, Founder of WazirX, said “Security and asset safety remain a top priority at WazirX. We are continuously reviewing and strengthening our systems to reduce risk and improve resilience as the platform evolves.”

The integration of Fireblocks will improve how assets are stored and protected on the platform, with stronger controls around access and transaction approvals.

About WazirX

WazirX is one of India’s leading crypto exchanges, with over 16 million registered users. The platform offers a user-friendly way to buy, sell, and trade cryptocurrencies like Bitcoin, Ethereum, Solana, Ripple, etc. without any trading fees, at only INR 99 a month. WazirX has partnered with BitGo and integrated Fireblocks’ technology to strengthen digital asset security. WazirX is committed to providing its users with the best possible trading experience, focusing on security, ease of use, and customer support.

For more information about WazirX, please visit: wazirx.com

The merger between Aster DM Healthcare Limited, and Quality Care India Ltd, one of the largest merger announcements in the healthcare industry has now received an order from the Hon’ble National Company Law Tribunal (NCLT), Hyderabad Bench to convene the shareholders and unsecured trade creditors meeting for approval of the merger. The meeting will be fixed for a date between February 27, 2026 and March 13, 2026. The merger transaction is already in receipt of approvals from Competition Commission of India (CCI) and ‘No Objection’ letters from the Stock Exchanges. The company expects to complete the merger process by Q1 FY2026-27, subject to receipt of all regulatory approvals and completion of other conditions precedents.

The merged entity ‘Aster DM Quality Care’ will be promoted by Aster Promoters and Blackstone and brings together the strengths of two leading healthcare providers with a common vision of expanding access to high-quality medical care across the country.

Dr. Azad Moopen, Founder & Chairman, Aster DM Healthcare

Dr. Azad Moopen, Founder & Chairman, Aster DM Healthcare, said, "We are pleased with the significant progress achieved in the merger process and are confident of shareholders/ unsecured creditors approval as well as pursuant to the NCLT order. We remain committed to working toward a speedy completion of the merger and look forward to making it effective by Q1 FY2026-27. Looking ahead, our focus will be on executing a disciplined integration strategy that leverages the complementary networks, clinical expertise, and operational strengths of Aster and Quality Care. The merger provides a strong platform to scale efficiently, enhance clinical excellence, and accelerate innovation, enabling us to build a more resilient and future-ready healthcare organization that delivers improved access and outcomes for patients across the country.”

The merged entity ‘Aster DM Quality Care Limited’ will have a combined portfolio of four leading brands: Aster DM, CARE Hospitals, KIMSHEALTH and Evercare. As of September 30, 2025, the combined bed strength of Aster and QCIL stands over 10,360 beds with bed strength of Aster at 5,195+ beds and QCIL at 5,165+ respectively. Looking ahead, the merged entity aspires to increase bed capacity to around 14,715+ beds over the coming years. With the combined scale, the merged entity will also be well-positioned to explore investments in advanced medical technologies and digital health platforms - driving innovation and creating a more integrated, seamless patient experience.

About Aster DM Healthcare, India

Aster DM Healthcare Limited is one of the largest healthcare service providers operating in India with a strong presence across primary, secondary, tertiary, and quaternary healthcare through 19 hospitals with 5,199 beds, 10 clinics, 203 pharmacies (Operated by Alfaone Retail Pharmacies Private Limited under brand license from Aster), and 283 labs and patient experience centers across 5 states in India, delivering a simple yet strong promise to different stakeholders: “We’ll Treat You Well.”

For more information about us, please visit www.asterdmhealthcare.com.

The sale was executed by Cholamandalam Securities Limited as the Sole Broker.

The Co-founders of Infosys Limited have nurtured the company for over three decades, transforming it into one of the most professionally-run companies in India with a global presence. Proceeds from the partial stake monetization will be utilized for a combination of personal and philanthropic activities.

This press release is for information purposes only and is not an offer to sell, or a solicitation of an offer to buy, any of the shares described herein. The shares have not been and will not be registered under the US Securities Act of 1933, as amended (the “US Securities Act”), or in any state or other jurisdiction of the United States. Securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the US Securities Act. There has not been and there will not be any public offering of the shares in the United States. 

5paisa Algo Convention Opening at BSE

The one-day convention ran from 9:00 AM to 6:00 PM and featured a rich mix of interactive panels, masterclasses, live demonstrations, and keynote sessions. Attendees gained actionable insights into Algo strategies and operational best practices, while also connecting with some of the leading voices shaping the future of trading in India.

Reflecting on the event, Mr. Gaurav Seth, MD & CEO, 5paisa Capital Ltd., said, “The overwhelming response to the 5paisa Algo Convention 2025 reaffirms our belief that knowledge-driven initiatives are the backbone of financial empowerment. By hosting such platforms, we are not only equipping traders and investors with practical strategies but also encouraging responsible and transparent participation in India’s capital markets. Our efforts remain aligned with SEBI’s vision of financial inclusion, ensuring that both new and seasoned investors have the tools they need to succeed.”

Key Highlights from the Event

• Deep-Dive Sessions & Masterclasses:

• “Data Points Research and Option Trading Strategies” by Vibhore Gupta

• “Managing Portfolios of Algo Strategies” by Prodipta Ghosh

• “Debit Spreads – Positioning Trading in Indian Markets” by IT Jegan

• “Building a Trading Strategy Using AI” by Santosh Pasi

• “Masterclass on Investment & Trading through Algorithmic Systems” by Rakesh Pujara

• ‘Powerful Time Cycles for monthly Swing Quant Trading” by Ashok Devnampriya

• Two Panel Discussions: Engaging dialogues on “The Future of Algo Trading” and “Technical & Operational Aspects of Algo Trading” drew enthusiastic participation, sparking debates on regulation, transparency, and the integration of AI in financial markets.

• Live Demonstrations & Networking: Attendees experienced live demos of 5paisa’s latest tools,products and offerings.    Attendees also connected with peers and mentors during curated networking sessions over breakfast, lunch, and high tea.

The convention proved a landmark knowledge-sharing platform for Indian trading community. Participants left with practical insights, exposure to advanced tools, and strong industry connections, strengthening their ability to navigate the dynamic world of algorithmic trading.

About 5paisa Capital

5paisa Capital is one of India’s leading digital-first discount brokers, offering cost-effective and technology-driven financial services to retail investors. With a mission to democratize investing, 5paisa continues to innovate at the intersection of finance and technology, delivering seamless trading and investing solutions  to millions across the country.

Team Mastek celebrating 30 years at NSE

Founded in 1982, Mastek has had a defining influence on India’s IT sector. From its early roots in enterprise IT services, Mastek’s exemplary journey has transcended boundaries, evolving into an AI-powered partner delivering mission-critical digital and cloud-native transformations. With AI-led innovation at its core, Mastek is shaping the future of digital transformation, tapping new opportunities, and delivering value through 5,000+ professionals to create purposeful, adaptive solutions.

A major strategic shift occurred with the demerger of Majesco in 2014, Mastek’s insurance platform arm, which became an independent insurance technology company. Mastek then scaled its capabilities through strategic acquisitions: TAISTech (digital commerce, 2016), Evosys (Oracle Cloud, 2020), MST Solutions (Salesforce, 2022), and BizAnalytica (cloud data & analytics, 2023).

These integrations transformed Mastek into a comprehensive transformation partner for Fortune 1000 enterprises, underpinned by data, cloud, and platform modernization.

Mastek has maintained consistent growth. In Q4 FY25, the company posted revenue of Rs. 905.4 crore, a 16.1% YoY rise, with EBITDA at Rs. 138.8 crore. In Q1 FY26, net profit rose by nearly 29% YoY, while the stock gained 13%—signaling strong market trust. Robust free cash flow and disciplined cost management have positioned Mastek for sustainable, margin-accretive growth.

Mastek’s newly launched ADOPT.AI suite, powered by 80+ AI Agent assets and 100+ use cases, accelerates outcomes across three core dimensions: ADOPT.AI for Technology, ADOPT.AI for Business, and ADOPT.AI for Data, guiding clients through seamless AI adoption from incubation to enterprise maturity. Mastek advances its AI vision through its AI Engineering Center of Excellence (CoE) and AI Academy, which has trained 3,600+ professionals in GenAI and earned more than 6,500 across a spectrum of AI competencies including advanced specializations in platforms like Oracle, Microsoft, AWS and Salesforce. These initiatives aim to build an AI-ready workforce and develop AI-enabled applications for industry-specific use cases.

Project Deep Blue, Mastek’s flagship buildathon, bridges academia and industry by empowering young students with creative problem-solving skills, mentorship, and real-world experience to deliver solutions that are technically solid, socially relevant, and market-ready.

“As we celebrate three decades as a listed company, we draw strength from Mastek’s legacy of trust, innovation, and growth. Our vision is anchored in an AI-powered future, creating transformative solutions that are sustainable and responsible. With initiatives like ADOPT.AI, we are shaping intelligent enterprises, empowering our global workforce, and delivering purposeful outcomes with trust, value, and velocity,” said Umang Nahata, CEO, Mastek.

Mastek’s future remains purpose-driven—focused on AI-first innovation, client-centric growth, expansion into key global markets, and deeper investments in ESG and inclusion initiatives.

About Mastek

Mastek is a global provider of enterprise AI, digital, and cloud services, enabling clients to achieve measurable and sustainable returns on their technology investments. The company has a presence in over 40 countries and a skilled workforce of more than 5,000 employees. Mastek partners with industry leaders such as Oracle, Salesforce, Microsoft, AWS, Snowflake, and Databricks, serving key sectors such as Public Sector, Healthcare, Retail, Manufacturing, Higher Education, and Financial Services. Mastek is committed to driving innovation by developing strong ecosystem of start-ups, academia and IPs. With its core values of trust, value, and velocity, the company empowers 400+ active customers to transform their business in the evolving tech landscape. Mastek has always been a solutions-focused and a relationship-centric company, valuing both employees and clients. With its humane approach, Mastek fosters growth through sustainable goals, high ethical standards, and responsible governance.

Sahi Founders – Dale Vaz and Manish Jain

Backed by Accel and Elevation Capital, Sahi is built for traders who demand performance, precision, and a seamless experience across devices. Founded by Dale Vaz (former CTO, Swiggy) and Manish Jain (former SVP, Kotak Securities), the platform has been reimagined to deliver a powerful multi-monitor setup that brings institutional-grade features to the hands of serious retail participants. The interface is designed entirely in-house, including proprietary charts built from the ground up to match the speed of the market and the trader's pace. Unlike platforms that rely on third-party integrations, Sahi’s in-house charting engine reflects its tech-first DNA—engineered for precision, low latency, and seamless execution under high-intensity trading conditions.

India’s retail investor base has surged in recent years, with over 150 million demat accounts and a growing appetite for intraday and high-frequency trading. With more traders demanding institutional-grade tools and personalised setups, Sahi’s web terminal for desktop and laptop traders addresses this market shift head-on. A key differentiator lies in its deep personalisation—traders can design their workspaces, configure widgets, and run the interface seamlessly across multiple monitors and devices. This level of customisation empowers users to trade the way they think, not the way platforms prescribe.

The platform is designed to support high-intensity intraday strategies for Options and Stock trading, and includes advanced tools such as auto-trailing stop-loss, stop-loss/take-profit orders, and automatic large order slicing, ensuring risk is managed intelligently without compromising execution speed. Features such as real-time scanners, watchlists, and open interest analysis provide a rich layer of insight. At the same time, built-in keyboard shortcuts enable users to enter and exit positions with unparalleled speed and precision.

According to Dale Vaz, Co-founder and CEO of Sahi, “Retail traders today expect performance-grade tools without the complexity or cost of institutional platforms. Our Web Terminal is a response to that need; it combines intelligence, customizability, and speed into a workstation experience built ground-up for modern Indian traders.”

This launch reflects Sahi’s long-term vision of democratising advanced trading tools and making them accessible to every serious trader in India.

The platform is live, and users can access the Sahi Web terminal at web.sahi.com.

TVC Link - www.youtube.com/watch?v=XWsQspdPOPE.

Gaurav Seth, MD & CEO, 5paisa Capital

With the MCP, users can now harness the power of cutting-edge LLMs to make more informed trading decisions using real-time market data and their own custom datasets. By enabling intelligent prompt-based trading through 5paisa XStream Open APIs, MCP empowers users to bring any data source — be it weather, crop yield, or macroeconomic indicators — into the decision-making process for personalized stock market analysis.

“We believe the future of investing lies in empowering users with intelligent tools that are not just data-driven, but context-aware. Model Context Protocol is our answer to the growing need for adaptive AI in financial decision-making,” said Gaurav Seth, MD & CEO, 5paisa Capital. “With MCP, even non-coders can now interact with complex datasets and advanced trading strategies through natural language — truly putting the power of institutional-grade analytics into the hands of everyday investors.”

Key Features of 5paisa MCP

• AI-enabled Trading Assistant: Built-in support for Claude LLM, with plans to support additional AI models soon.

• Prompt-Based Interface: No coding knowledge required — simply type commands like “Backtest my breakout strategy from Jan 2021 to Dec 2022”.

• Custom Data Integration: Users can include external context (e.g., climate data, economic forecasts) for enhanced decision-making.

• Encrypted & Private: All data shared is encrypted during transit; users retain full control of data sharing.

• Free for Existing Users: MCP is available at no additional cost to all current 5paisa account holders.

• Cross-Platform Support: Available on Windows, Mac, and Linux via Claude Desktop.

The MCP assistant can also be used without logging in for general information and market research. However, advanced trading features and account-linked capabilities will remain exclusive to authenticated users.

This launch reinforces 5paisa Capital’s commitment to offering the most innovative, accessible, and secure trading solutions in the Indian financial landscape. MCP is now live and accessible via the desktop and web application for all 5paisa customers.

Indian growth story is fuelled by IT: NSE’s Ashish Chauhan tells Kailash Adhikari

“With two crore to three crore IT jobs in India which no one in the world has the capability and expertise for these jobs, today India is the world’s IT capacity centre. 2000- 3000 global IT companies have their IT base in India.”

Chauhan was in a Governance Now podcast with Kailash Adhikari, Managing Director, Sri Adhikari Brothers.

In 1994, he said, during the IT (information technology) programming boom NSE set up India’s first digital public infrastructure enabling trading through satellite. This brought huge confidence among the Indian public and engineers. Later, during Y2K (Year 2000) many small companies would get their engineers to NSE to showcase India’s capabilities and they also bagged big contracts. That was the time of IT dawn when India took a huge leap forward, he added. “Today technology is our fuel and India is the IT capital of the world. Technology has brought biggest shift and change in the world.”

Watch the full conversation in our latest episode: youtu.be/F1Gdv3x8ROY

Today, there are two crore to three crore IT jobs in India and no one in the world has the capability and expertise to do these jobs. India is the world’s IT capacity centre with 2000- 3000 global IT companies having their base here. Indian technology companies like TCS today has over 7 lakh employees while Infosys has more than 5 lakh employees, he said.

Chauhan iterated that when it comes to technology, it has played a huge role in India’s growth story. Today, India is the world leader in Technology.

“When it comes to Technology India is the world leader. Technology has played a huge role in India’s growth story. A society that adopts IT will progress.”

While speaking on India’s service economy Chauhan said India is a powerhouse of service sector with a well established services sector ecosystem. He said the service sector does not require any inputs unlike the manufacturing sector which is dependent on raw material.

Further speaking on India’s resilient economy Chauhan explained that India’s total exports today stand at $700 - $800 billion with almost the same amount it imports. This he said, includes net services of $200 -$250 billion and $125-$150 billion of remittances. “So our balance of payments is in surplus since last 4-5 years. This is the reason for our strength and abilities as we are frugal and produce high quality work in cost effective manner.” 

“Now with iPhones going to be manufactured in India, servers and electronic chips too will be made in India. Be it Microsoft or Google, they get their AI work done from our people. 80% of Microsoft windows parts are manufactured in India. We have the best and most capable engineers and manpower and we deliver the best practises at affordable rates. Today we have good roads and logistics,” he said adding that as many as 1000- 200000 technology experts from 3000 big global companies today are working in India.

He further added that as compared to earlier, today the waves of technology are occurring at faster speed and will generate much more wealth in the world in the next 50 years.

He termed the coming era of technology as ‘Capitalism without Capital’ and said technology does not require heavy infusion of capital like manufacturing.

Responding to a question on NSE launching SME Exchange and its role in future Chauhan, who is the former MD and CEO of Bombay Stock Exchange said, in 1994, India did not have more than 10 lakh investors, today we have 11 crore investors from Ladakh to Andamans and Nicobar, Arunachal Pradesh to Dibrugarh to Jorhat to Dwarka. Out of 19400 Pin Codes in India, only 28 Pin Codes do not have investors. India’s entrepreneurs are the trust and strength of NSE 25% investors are women and every 1 out of 5 households today (11 Cr people) are investing in NSE.

He further said that said that any businessman, entrepreneur or industrialist who wants to grow can come to NSE and find their partners in big or small companies. He added that 600 companies that have raised capital in the last 10 years have now entered the main board. ‘These companies have earned the trust of investors. Indian’s are very hardworking and the world is taking note of that’ he said.

Chauhan noted that Markets bring transparency in the system and act as disinfectant. “The stock market capital of Rs 3. 80 lakh Cr in 1994, today stands at Rs 4.40 lakh Cr. This never happens in a low per capita income country and here India is an outlier. This is created by the trust that investors have in the transparency of the markets.’’

“NSE acts as a catalyst for Indian economy. NSE receives more than Rs 2000Cr worth orders daily within 6 hours. Within 100 microseconds we respond and shares traded are reflected in investors accounts the very next day” said Chauhan, who is also known as the father of modern financial derivatives in India.

The migration involves 1,93,89,900 equity shares with a face value of Rs. 10 each and has been carried out in compliance with SEBI’s Issue of Capital and Disclosure Requirements Regulations, 2018.

L-R (Deepak Chand Thakur, Co-founder and CEO, NPST) (Ashish Aggarwal, Joint Managing Director, NPST)

On this milestone achievement by the company, Deepak Chand Thakur, Co-founder and CEO, NPST commented, “The step-up positions NPST for ‘2.0 and beyond’—the next phase of our journey. Moving to the Mainboard reinforces our credibility and provides us the flexibility to keep creating long-term value for our customers, partners, and investors. We are just at the beginning of what we believe will be a truly transformative growth journey.” 

Founded in 2013, NPST operates across key layers of India’s financial technology stack, including UPI switching, merchant acquiring, digital banking infrastructure, and regulatory technology. The company currently serves over 100 plus customers - banks and fintech institutions, playing a critical role in driving Bharat’s digital transformation.

Commenting on the development, Ashish Aggarwal, Co-founder and Joint Managing Director, NPST, said, “This is an important milestone in our development and the beginning of a new era. The transition to NSE and BSE Mainboards enhances corporate governance, builds investor trust, and strengthens our foundation to scale sustainably. It’s a structural advancement that sets the stage for the next decade of growth.”

Savita Vashist, Co-founder and Executive Director, NPST, added, “NPST's transition to the mainboard is a moment of immense pride. From the outset, our vision has been to empower the ecosystem with cutting-edge technology, making digital payments simpler, partnerships stronger, and possibilities bigger. This milestone energizes us to expand our global footprint, deepen our investments in AI/ML—especially in the RegTech space and continue innovating across the financial value chain with excellence and trust.”

The company is entering this new phase with strong momentum. For the first nine months of FY25, NPST recorded a 78.5% year-on-year increase in revenue, with net profit rising by 133% to Rs. 38.91 crore. EBITDA also grew 96.2% to Rs. 55.71 crore, showcasing robust operational leverage and business scalability.

The performance follows an exceptional FY24, where NPST posted revenues of Rs. 130.08 crore (216% YoY increase), EBITDA of Rs. 43.70 crore (253% YoY increase), and net profit of Rs. 26.71 crore (310% YoY increase).

The listing is integral to NPST’s broader ‘2.0’ strategy, which focuses on transformation, innovation, and growth. Through this strategy, the company aims to expand into high-potential verticals such as embedded finance, AI-driven risk and compliance solutions, and B2B bill payments—sectors with a combined market opportunity of approximately $50bn within India’s rapidly digitalizing financial services landscape.

As part of its international growth plans, NPST has recently established an office in Dubai as the first step in entering key global markets. The company is also investing heavily in talent acquisition, with plans to increase its workforce by 50% to support the next growth stage.

Incorporated in 2013, NPST is a leading fintech firm in India, specializing in UPI payments and digital banking, operating as both a Technology Service Provider (TSP) and a Payment Platform as a Service Provider (PPaaS). Solutions include online and offline transaction processing, banking super apps, fraud prevention, dispute management, and compliance tech. NPST’s mission is to deliver financial technology solutions across the financial value chain—serving banks, fintechs, and other industry players—and to drive the growth of the digital payments ecosystem.

NPST supports over 100 customers and processes more than 60 million transactions daily, advancing businesses, individuals, communities, and economies through its innovative solutions. For FY24, the company has reported total revenues of Rs. 130.08 Cr with 216% YoY growth, EBITDA of Rs. 43.70 Cr with 253% YoY growth, and net profit of Rs. 26.71 Cr with 310% YoY growth.

For more details, please visit www.npstx.com. 

As part of the refinancing process, the new reputed lenders – JP Morgan, HSBC, and Barclays provided fresh funding, enabling Aster DM Healthcare promoters to refinance its existing loans at better terms as well as loan-to-value (LTV).

Dr. Azad Moopen, Founder and Chairman, Aster DM Healthcare

Dr. Azad Moopen, Founder and Chairman of Aster DM Healthcare, said, "The reduction in Aster’s pledged shares is a significant testament to our financial strength as promoters, especially in light of the volatile global market conditions. It reflects the strong confidence we have in our company’s growth trajectory, operational excellence, and strategic direction. This milestone also reinforces trust among our stakeholders, investors, and partners as we continue to expand our footprint in India.”

About Aster DM Healthcare

Aster DM Healthcare Limited is one of the largest healthcare service providers operating in India with a strong presence across primary, secondary, tertiary, and quaternary healthcare through 19 hospitals with 5,128 beds, 13 clinics, 203 pharmacies (Operated by Alfaone Retail Pharmacies Private Limited under brand license from Aster), and 254 labs and patient experience centers across 5 states in India, delivering a simple yet strong promise to different stakeholders: “We’ll Treat You Well”.

Centrum GalaxC App

The Centrum GalaxC app caters to both new and experienced investors, combining low-cost trading with curated advisory solutions. By offering both technical and fundamental research, the app empowers users to make well-informed investment decisions.

Key Features of Centrum GalaxC:

1. Integrated Research and Guidance - The app provides access to both technical and fundamental research directly within the platform, ensuring investors have the insights needed to navigate the markets effectively.

2. Industry-First Options Strategy Builder - An industry-first feature, the options strategy builder allows traders to execute multi-leg strategies with a single click. This tool helps investors select the most suitable options strategies based on their market outlook—whether bullish, bearish, or neutral.

3. Thematic Baskets - Centrum GalaxC’s thematic baskets enable investors to participate in curated selection of stocks based on proprietary research. Unlike other broking apps that require separate access and logins for such features, GalaxC integrates these baskets directly within the app, ensuring a seamless experience.

4. User-Friendly Interface in Multiple Languages - GalaxC supports multiple languages, including English, Hindi, Kannada, and Marathi, with plans to add Bengali and Gujarati in the next phase.

5. Seamless Account Opening - Centrum GalaxC offers one of the fastest digital account opening processes in the industry, enabling users to open accounts in just five minutes.

Jaspal Bindra, Executive Chairman, Centrum Group, said, “As a diversified financial services organization, we are committed to continuously enhancing our offerings to deliver greater value to our customers. Centrum GalaxC is a testament to this vision—an all-in-one, intuitive, and research-backed platform designed to empower investors across India. This multilingual app serves as a seamless gateway to investing and trading, catering to both seasoned traders and first-time investors alike. We are actively working on expanding the platform’s capabilities with advanced analytics and insights to further enrich the investor experience.”

Speaking on the launch, Sandeep Nayak, ED & CEO, Centrum Broking, said, “The Centrum GalaxC app is a response to the growing demand for a platform that offers both affordability and expert guidance. We have combined execution efficiency with research-driven insights to provide investors with a complete trading ecosystem. With India’s investor base expanding rapidly and technology reshaping the financial landscape, Centrum Broking aims to make trading and investing more accessible, informed, and efficient through this new digital offering.”

The Centrum GalaxC app is available for download on both Android and iOS platforms. The portal is - web.centrumgalaxc.com

About Centrum Broking

Centrum Broking Ltd. (part of the diversified financial services major – Centrum Group) is a full-service broking house offering a wide variety of equity-oriented solutions to a cross-section of clients comprising of high net-worth individuals and institutions. Our approach always has been in line with the group's strategy which is 'client first'. We provide holistic solutions for a client's stock market needs - across equity broking, portfolio management, and depository services.

Combining Decades of Trading Experience and AI - The NeoTrader Advantage; NeoTrader Management (L to R): Raja Venkatraman, Dr. C. K. Narayan, Aditya Iyer

AI's Growing Role in Trading

AI technology has revolutionised the trading field. What began as basic algorithmic trading has evolved into sophisticated deep learning models that achieve remarkable accuracy in predicting market trends.

These AI systems analyse historical market data to identify patterns and generate automated trading signals far faster than any human analyst could.

The surging demand for AI trading tools is driven by:

• Increasing global market complexity

• The need for swift, data-driven trading decisions

• New retail traders seeking expert insights despite limited financial experience

• The rise of commission-free trading, making high-frequency strategies more accessible

• SEBI’s proposed framework to allow retail investors to participate in algo trading via stock brokers

According to a report by SEBI, proprietary traders and foreign investors dominate the algorithmic trading landscape, with retail participation still in its early stages. However, platforms like NeoTrader® are changing the status quo by bringing advanced AI-powered solutions to retail traders.

When Technology Meets Four Decades of Expertise

"We're not just witnessing change – we're seeing a complete reimagining of what's possible in retail trading”, declares Dr. C.K. Narayan, Founder of NeoTrader® and a market veteran whose four-decade journey through India's financial markets has been groundbreaking. "The traditional barriers between institutional and retail trading capabilities are not just lowering – they're disappearing entirely.”

This vision materialized as NeoTrader®, where advanced AI technology combines with deep market knowledge to deliver powerful trading solutions. By integrating real-time analysis, predictive modeling, and automated trading signals, NeoTrader® helps traders make more informed market decisions with greater confidence.

For years, institutions held the upper hand through exclusive access to advanced technologies, data analytics, and market intelligence. Now, through platfirms such as NeoTrader®, retail traders can access sophisticated AI-powered capabilities that simplify complexity while delivering professional-grade market analysis. According to various industry estimates, the number of active algo traders in the retail segment powered by tools like NeoTrader® has grown by nearly 30% annually over the past five years.

"The democratization of sophisticated trading tools has been a game-changer," Dr. Narayan emphasizes. "We're seeing remarkable success stories from traders who, just months ago, were complete newcomers to the market.”

The evolution extends beyond trading tools. Modern platforms increasingly emphasise educational resources and user empowerment. "The future of trading lies in combining powerful technology with proper education," says Raja Venkatraman, Co-founder of NeoTrader®, trading coach and trainer in the art of technical analysis. "We're seeing unprecedented engagement rates backed by strong educational foundation in the markets.”

As India's retail trading community expands, AI's role in shaping trading decisions will grow accordingly. "The trend we're seeing is clear", notes Aditya Iyer, Co-founder and CEO of NeoTrader®. "Traders who embrace AI-powered tools while maintaining disciplined trading practices are consistently outperforming their peers. It's not just about having powerful technology – it's about using it intelligently.”

The Road Ahead

The Indian fintech industry's strong growth potential suggests that AI applications in trading will continue to evolve. This shift in trading practices marks a significant advancement in India's financial market development. AI's role in democratising market access and improving trading outcomes will only increase as the technology advances.

"We're just scratching the surface of what's possible," concludes Aditya Iyer. "The integration of human knowledge and AI technology creates opportunities that were unimaginable just a few years ago. Our users' success stories demonstrate the tremendous potential of this powerful combination."

This trading technology revolution represents a paradigm shift, serving as both an essential tool and a fundamental change in retail investors' market strategies. As these platforms continue to evolve, they are transforming trading outcomes for market participants across the spectrum.

Gold Plus Glass Industry Plant In Karnataka

The Karnataka project achieved Commercial Operations Date (COD) milestones in June 2024. The total phase wise float glass manufacturing capacity installed in the Project is 584,000 metric ton per annum and Solar Glass manufacturing capacity is 109,500 metric tons per annum. The project’s total investment of Rs. 2,500 crore underscores Gold Plus commitment to driving innovation and capacity expansion in India’s glass manufacturing industry. The Company already has an existing facility of 456,250 metric tons per annum at its Roorkee Plant. [With the addition of the Karnataka facility, Gold Plus’ total installed float glass capacity now exceeds one million tons annually, reaching an impressive 1,040,250 metric tons per annum and Solar Glass capacity of 109,500 tons per annum.

As per CRISIL report dated January 2024, post expansion and achievement of COD in June 2024, the Company’s capacity share is expected to be 26.1% of the total float glass industry capacity in India.

A Vision for Gold Plus

Gold Plus’ Karnataka facility is not just an achievement in capacity expansion but a testament to the company’s dedication to advancing India’s glass manufacturing capabilities. By combining enhanced float glass capacity with entry into solar glass production, Gold Plus is well-equipped to support the evolving needs of industries ranging from real estate to renewable energy.

"The commissioning of our Karnataka facility marks a significant milestone in Gold Plus’ journey. It reflects our unwavering commitment to innovation, sustainability, and customer-centric growth," said Jimmy Tyagi, CEO, Gold Plus Glass Industry Limited. "We are proud to play a pivotal role in meeting India’s growing demand for high-quality float and solar glass, contributing to the country’s economic and environmental aspirations."

With this milestone, Gold Plus continues to contribute in reshaping India’s glass manufacturing landscape, delivering excellence and fostering sustainable growth.

Gold Plus Glass Industry Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed the DRHP dated February 9, 2024 with SEBI. The DRHP is available on the website of SEBI at www.sebi.gov.in, the websites of the Stock Exchanges i.e., BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, and the websites of the BRLMs, i.e., IIFL Securities Limited, Axis Capital Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited at www.iiflcap.com, www.axiscapital.co.in, https://investmentbank.kotak.com and www.sbicaps.com, respectively. Potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, please see the section entitled “Risk Factors” of the RHP, once filed. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision and must rely on their own examination of our Company and the Offer, including the risks involved.

This announcement does not constitute an invitation or offer of securities for sale in any jurisdiction. The Equity Shares offered in the Offer have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”) and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the Equity Shares are being offered and sold (a) within the United States solely to “qualified institutional buyers” (as defi ned in Rule 144A under the U.S. Securities Act) pursuant to Section 4(a) of the U.S. Securities Act, and (b) outside the United States in offshore transactions as defi ned in and in compliance with Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales are made. There will be no public offering of securities in the United States.

This press release contains data and statistics from certain reports and the CRISIL Report, which is subject to the following disclaimer:

CRISIL Market Intelligence & Analytics (CRISIL MI&A), a division of CRISIL Limited (CRISIL) has taken due care and caution in preparing this report (Report) based on the Information obtained by CRISIL from sources which it considers reliable (Data). This Report is not a recommendation to invest / disinvest in any entity covered in the Report and no part of this Report should be construed as an expert advice or investment advice or any form of investment banking within the meaning of any law or regulation. Without limiting the generality of the foregoing, nothing in the Report is to be construed as CRISIL providing or intending to provide any services in jurisdictions where CRISIL does not have the necessary permission and/or registration to carry out its business activities in this regard. Gold Plus Glass Industry Limited will be responsible for ensuring compliances and consequences of non-compliances for use of the Report or part thereof outside India. CRISIL MI&A operates independently of, and does not have access to information obtained by CRISIL Ratings Limited, which may, in their regular operations, obtain information of a confidential nature. The views expressed in this Report are that of CRISIL MI&Aand not of CRISIL Ratings Limited. No part of this Report may be published/reproduced in any form without CRISIL’s prior written approval.

In the dynamic landscape of artificial intelligence, enterprises grapple with the dual challenge of managing escalating infrastructure costs alongside evolving business demands. As organisations navigate through the varying stages of AI adoption, those in the exploration phase are strategically evaluating AI applications tailored to their specific business needs. On the other hand, organisations with more sophisticated use of AI are focused on sustaining their AI initiatives to maintain momentum. Embodying this year’s theme, “Unlock what’s next”, the Red Hat APAC Innovation Awards celebrates customers who have harnessed the power of open source technologies creatively to drive transformation and innovation. These awards celebrate achievements of the 31 winners across all maturity stages in AI, showing how businesses across the region have successfully leveraged Red Hat solutions to overcome challenges and pioneer new customer-centric solutions.

According to the Red Hat 2024 Global Tech Trends, 27% of the enterprises in APAC see integration issues as the top barrier to successful digital transformation, followed by skillset or talent gaps at 26%, and technical debt in legacy infrastructure at 25%. These findings highlight the importance of innovative solutions in the awards’ five key categories: Digital Transformation, Hybrid Cloud Infrastructure, Cloud-Native Development, Automation, and Resilience. As organisations continue to prioritise IT security as a primary funding focus to enhance efficiencies and mitigate costs amidst uncertain economic sentiments, these categories reflect areas that can empower organisations to navigate business challenges faced today.

The winners were chosen for their exemplary use of Red Hat solutions, demonstrating significant contributions to their business objectives. Each organisation exemplifies the transformative potential of open source technology, pioneering advancements in business processes, enhancing productivity, fostering innovation, and fortifying resilience in the face of challenges. Their success stories underscore the pivotal role of Red hat in empowering enterprises in 13 countries across the APAC region to achieve unparalleled growth through strategic deployment of open source solutions.

The awards comprise five categories: Digital Transformation, Hybrid Cloud Infrastructure, Cloud-native Development, Automation and Resilience.

Category: Automation

Winner: National Stock Exchange India Limited

National Stock Exchange India Limited (NSE) was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2023. NSE is ranked 3rd in the world in equity segment by number of trades (electronic order book) in 2023, as per the statistics maintained by World Federation of Exchanges (WFE).

As part of its Digital Transformation and innovation journey, NSE has adopted an “automation first” strategy to enhance enterprise-wide transformation and resiliency. This forward-thinking approach leverages advanced technology tools, skilled personnel, streamlined processes and facilitated cultural shifts to meet the dynamic demands of the capital market in India. NSE’s innovative practices have set global standards, achieving a world record of 1971 crore (19.71  billion) orders and 28.55 crore (280.55 million) trades in a single trading day. This initiative has led to significant cost savings, resource optimization, and accelerated infrastructure deployment, all while maintaining stringent security compliance. A key component to this initiative is Red Hat Ansible Automation Platform, which has been instrumental in reducing manual IT tasks and boosting IT staff productivity within NSE.

Category: Digital Transformation and Hybrid Cloud Infrastructure

Winner: Bank of India (BOI)

Bank of India (BOI) offers a wide range of financial products and services including deposits, loans, credit cards, insurance, and investment products to customers of various scales. With the vision to become the bank of choice for corporates, medium business and upmarket retail customers, as well as developmental banking for small business, mass market and rural markets, BOI saw the importance in  keeping up with changing customer behaviour and rapidly increasing competition.To reshape traditional banking practices via implementing digital technologies,  BOI worked with Red Hat to revamp their mobile and internet banking services, providing these products under one single digital umbrella – the BOI Omni Neo app.

Since BOI embarked on its migration of legacy architecture, the deployment of Red Hat OpenShift Container Platform has improved the customer experience with a more responsive and interactive user interface and enhanced security features. Beyond delivering better user experience, the app also enabled faster time to market for new product launches. Having witnessed success with the BOI Omni Neo app, the bank is now expanding the use of OpenShift to provide innovative applications in the areas of digital payments and analytics.

Category: Digital Transformation and Resilience

Winner: Multi Commodity Exchange of India Limited

Having commenced operations on Nov 10, 2003, Multi Commodity Exchange of India Limited (MCX) is India’s leading commodity derivatives exchange with a market share of about 98 percent in terms of the value of commodity futures contracts traded in the financial year 2024-25 (April - June 2024). With pan-India presence, MCX serves as a dynamic platform for the Indian commodity market ecosystem, offering dual advantages of fair price discovery and efficient risk management as well as a clearing and settlement system through its subsidiary, MCXCCL. It offers trading in a diverse range of commodities, spanning multiple segments including bullion, energy, metals and agri commodities, as well as sectoral commodity indices.

In October 2023, the Exchange successfully migrated to a new trading platform, marking a key milestone in the MCX journey to build a next- generation technology infrastructure for the commodity market that was aligned with the Exchange’s strategic vision encompassing capacity building, enhanced user experience and scalability.

With Red Hat’s leadership in the enterprise open source space, MCX consideredRed Hat a trusted partner capable of providing an enterprise platform that meets the organization-wide operating system requirements with container capabilities. It helped in the successful migration of the trading, risk management and clearing & settlement systems to the new platform, which could accommodate the growing business requirements.

Category: Cloud-Native Development and Resilience

Winner: Tata Motors

Tata Motors is a global automobile manufacturer and is one of India's biggest automobile manufacturing companies with an extensive range of integrated, smart and e-mobility solutions in its portfolio. It had gotten to a point where securing the organisation’s website and applications became imperative for the organisation as it continued to expand. As unauthorised access to protected data would incur millions of dollars in various financial penalties, the IT department had to limit user access to critical information within the organisation and ensure that access to these corporate resources was protected. Assigning and tracking user privileges could no longer be done manually, due to its high risk of error, leading the organisation to turn to alternative solutions for Identity and Access Management (IAM).

The deployment of Red Hat Single Sign-On enabled Tata Motors to automate most of these high-risk tasks. It also eased the coordination of multiple resources by merging them together, providing a one-stop solution that managed all the organisation’s identity under a centralised database.

Supporting Quotes

Marshal Correia Vice President and General Manager, Red Hat India & South Asia, "The Red Hat APAC Innovation Awards highlight how our customers in India are using open source to drive transformative change. From modernising systems to integrating AI and automation, these organisations showcase agility and resilience, demonstrating how open source is shaping the future of business by helping companies overcome today’s challenges and seize tomorrow’s opportunities."

Sampath Manickam, Chief Technology Officer, National Stock Exchange India Limited, “The current scale of business that we manage here at NSE does not allow any room for error or lapses in security compliance.  We are glad that the deployment of Red Hat Ansible Automation Platform has significantly enhanced our overall operational efficiency. This has enabled our systems to  handle high volumes of transactions seamlessly while meeting all security compliance demands. Once again, Red Hat has proven to be a strategic partner in our automation journey.”

Sudhiranjan Padhi, General Manager, Bank of India (BOI), “The bank has envisaged the BOI Omni Neo app to deliver not only business growth at an accelerated rate, but also improved customer experiences for our users. We have witnessed the performance  impact of this project through enhanced customer satisfaction he Bank is now able to provide over 340 services to  customers through a safe and secure platform i.e. Red Hat OpenShift.”

Dr. N. Rajendran, Chief Digital Officer, MCX India Limited, “MCX is the first exchange in India to successfully migrate its entire trading, risk management, clearing, and settlement systems using a “big bang” approach to new systems based on enterprise open source solutions by Red Hat. This supported increasing capacity and enabled faster resolution of VAPT observations as well as other patch management requirements. It stands testimony for other enterprises on how pursuing digital transformation and embracing enterprise open-source could prove helpful in transforming their business.“

Rajiv Pandey, Vice President, Business Solutions IT, Tata Motors, “Our team at Tata Motors has benefited greatly from the robust support of active open source communities, allowing us to derive solutions quickly while remaining at the forefront of technological innovation. Through Red Hat’s open source solutions, we have also maintained independence from vendors, avoiding any lock-in that might hinder the organisation from achieving its business and innovation goals.”

Additional Resources

• Learn more about the Red Hat APAC Innovation Awards 2024

• Learn more about Red Hat Summit: Connect

Connect with Red Hat

• Learn more about Red Hat

• Get more news in the Red Hat newsroom

Russian companies are ready to increase fertilizer supplies to India, but the EAEU and India could conclude a free trade agreement to remove existing barriers, President of the Russian Fertilizers Producers Association Andrey Guryev said, commenting the ongoing BRICS summit in Kazan, Russia.

Indian Prime Minister Narendra Modi is attending the 16th BRICS Summit in Kazan, Russia, held on October 22-24. The Prime Minister will engage in bilateral meetings with BRICS leaders. The summit centers on economic cooperation, digital inclusion, and financial inclusion. Narendra Modi held bilateral talks with Russian President Vladimir Putin on Tuesday.

Commenting on the meeting, President of the Russian Fertilizers Producers Association Andrey Guryev noted that since the introduction of Western sanctions, India, as a friendly nation, has increased its imports of Russian fertilizers more than any other country.

"In 2022, our fertilizer exports to India almost tripled to 4,3 million tonnes, driven largely by increased deliveries of phosphate-based fertilizers. In 2023, shipments rose by another 50 per cent, and Russia now accounts for 25 per cent of all fertilizers imported by India. Russia's environmentally friendly fertilizers are critical to providing the world's most populous country with safe, high-quality food," the RFPA Head said.

Andrey Guryev stressed that Russian companies are ready to further increase supplies of mineral fertilizers to India, but capacity is currently constrained by trade barriers that raise costs for Indian consumers.

"India currently imposes a 5 per cent duty on imported mineral fertilizers. The removal of this tariff would benefit Indian farmers both in terms of reduced costs and in terms of increased access to high-performance, environmentally friendly fertilizers. We consider it expedient to intensify efforts to conclude a free-trade agreement between the Eurasian Economic Union and India in order to eliminate this barrier,"  the RFPA Head said.

About The Russian Fertilizer Producers Association

The Russian Fertilizer Producers Association was established in 2008 by Russia's largest producers of mineral fertilizers to represent and protect their interests in addressing key issues related to the development of the mineral fertilizer industry.

The Association currently has 14 members, which supply nearly 80% of the total Russian market for mineral fertilizers.

Left to right: Ambika Vasudev - Head, Career Advancements, MREI, Rajeev Kapoor - MD, MREI, Varun S. Arora - CGO, StockGro, Prof (Dr.) Hanu Bhardwaj - Director, CDC, MREI

This collaboration highlights Manav Rachna's commitment to providing education transcending conventional boundaries. By embedding financial literacy at every educational level—from middle school through university—Manav Rachna ensures that its students are adept at managing their finances by the time they venture into the real world.

As a significant feature of this collaboration, Manav Rachna will host a specialised hands-on financial literacy workshop during its Global Summer School 2024, specifically designed to prepare students for a financially secure future. The institute is also committed to setting up dedicated trade labs by the end of this academic year, facilitating practical and immersive learning experiences.

Mr. Rajiv Kapoor, MD, MREI, “Manav Rachna has consistently led the way in implementing innovative educational practices. Our partnership with StockGro represents a strategic enhancement of our curriculum, incorporating crucial financial education that supports the experiential learning model advocated by NEP 2020. We are dedicated to enabling our students with extensive educational tools to empower them for life, equipping them to succeed in the ever-evolving financial landscape."

Ajay Lakhotia, Founder of StockGro shared, "We are excited to join forces with Manav Rachna Educational Institutes on this initiative. At StockGro, we are committed to the transformative impact of practical education. This collaboration enables us to provide young individuals with the necessary tools for success in the financial sector, nurturing a generation that is academically proficient, financially literate, and ready to meet future challenges."

StockGro is India's premier experiential social learning platform for trading and investments. With over 50 million users nationwide, StockGro is the trusted destination for individuals seeking to learn and master the art of trading and investments. StockGro has successfully empowered financial enthusiasts across 900+ prestigious educational institutions and many pioneering financial startups, offering a unique and immersive learning experience.

Mr. Rajesh Shukla, Chief Strategist, National Intellectual Advisory (NIA). Also Mentor for Venture Studio Capital, Jagoo Nari and Padhega Bharat

Insights from Mr. Rajesh Shukla, Chief Strategist, National Intellectual Advisory (NIA), and Mentor for Venture Studio Capital, Jagoo Nari, and Padhega Bharat.

Key Contributors to the Market Plunge:

1. Iran-Israel Conflict: The escalating tensions and military actions in the Middle East have injected profound uncertainty into global geopolitical dynamics. The bombardment by Iran has further fueled apprehensions, prompting widespread selling in the Indian equity market as investors grapple with the specter of heightened instability.

2. Weak Global Markets: The ripple effects of the Middle East tensions reverberated across global markets, precipitating a downturn in US equities. Consequently, as the Indian market opened, it succumbed to the prevailing negative sentiment.

3. Surging US Dollar Rates: The relentless ascent of the US dollar, with the dollar index nearing 107 levels, has exacerbated concerns. Moreover, the US dollar's unprecedented surge to a 34-year high against the Japanese Yen has catalyzed a surge in US Treasury yields, triggering a wave of selling across global equity markets, including India.

4. Escalating Crude Oil Prices: Crude oil prices have surged to a six-month high in both domestic and international markets, witnessing a 6 percent increase in March 2024 alone. This surge, compounded by a further 3 percent uptick in April, poses significant challenges to the Indian and global economies, exerting pressure on local currencies and fueling inflationary pressures.

5. Foreign Institutional Investors (FIIs) Exodus: Against the backdrop of geopolitical uncertainty and rising US dollar rates, FIIs have been divesting from the Indian stock market. This trend, which intensified last week, has been exacerbated by the onset of conflict, as investors opt to hold liquid assets amid heightened uncertainty.

Looking Ahead

While India confronts immediate challenges, there are silver linings amidst the storm. Despite market turbulence, the Indian outlook remains promising, offering robust opportunities for both domestic and global investors. Sectors such as Tourism, Airlines, Hospitals, and Road Infrastructure present compelling investment prospects, buoyed by India's burgeoning economy, which has surpassed $3.60 trillion and continues to grow at a rate exceeding 8% annually. This stands in stark contrast to the slower growth trajectory of the Chinese economy, currently languishing at less than 2%.

In conclusion, while the current market volatility underscores the challenges ahead, it also underscores India's resilience and potential for sustained growth. As investors navigate the choppy waters, strategic investments in key sectors hold the promise of lucrative returns amidst an evolving economic landscape.

For more details please visit: venturestudiocapital.com.

StockGro x ETMarkets

Did you know that 72% of Indians lack the essential financial knowledge required for effective investing? With India poised to become a global economic powerhouse, the need for comprehensive financial education is more critical than ever. The country's economy is expected to grow to a staggering $5 trillion by 2025, presenting a vast opportunity for wealth creation. This growth underscores the importance of addressing the financial literacy gap among new investors.

StockGro, in partnership with ETMarkets by The Economic Times, is set to change the narrative by providing tailored content aimed at educating investors at every level. This strategic initiative not only aims to reach a broader audience but also to enrich the quality of financial discourse and learning.

"Between April and November 2021, there was a remarkable increase of 28.6 million new accounts with CDSL and NSDL, reflecting a surge in investing interest among Indians," said Ajay Lakhotia, Founder of StockGro. "Yet, it is alarming that over 75% of Indian adults still lack basic financial literacy, with women experiencing an even larger gap. This partnership will help bridge this knowledge divide and foster a financially literate community."

StockGro offers a unique platform combining social networking with investment education, allowing users to learn trading and investing skills across various asset classes in a risk-free simulated environment. The strategic alliance with The Economic Times will enhance this experience by integrating real-time, high-quality market updates from ET Markets, one of the most reliable financial news sources.

About StockGro

StockGro is India’s premier financial education network, revolutionizing the way people learn about investing and trading. Through its innovative social investment platform, StockGro provides immersive learning journeys where users can experiment with trading strategies in real-time and without financial risk. Since its inception during the pandemic, StockGro has rapidly grown to engage over 3 million users daily, including students and professionals, making financial education accessible and practical.

The Board of Directors at Aster DM Healthcare Limited (“Company”), one of the largest integrated healthcare providers in India, has announced a Large Special Dividend of Rs.118/- per share on account of the receipt of proceeds from the sale of the GCC business. The special dividend will be paid within 30 (thirty) days from the date of the declaration i.e. April 23, 2024. This event will result in a significant distribution of ~80% of the consideration of USD 907.6 million as dividend to its shareholders. Despite this large special dividend, the company will still retain INR~1500 Cr from the sale of GCC business in the reserves under its balance sheet.

The Company had recently concluded the separation of its India and GCC businesses, pursuant to which Affinity Holdings Limited (a wholly subsidiary of the Company) received a cash consideration of USD 907.6M.

The Moopen family continues to hold the 41.88% stake in the listed entity. Dr. Azad Moopen will remain the Founder Chairman and Ms. Alisha Moopen will remain a Director on the board of the Company. The listed entity will be led by Dr. Nitish Shetty as Chief Executive Officer, who will focus on the growth of the India business, aimed at creating value for its shareholders.

Dr. Azad Moopen, Founder Chairman, Aster DM Healthcare

Dr. Azad Moopen, Founder Chairman, Aster DM Healthcare said, “The current Indian healthcare market looks promising and post segregation now, our efforts will be to dynamically increase our footprint in India. We are making the right investments in our people, innovation and infrastructure to differentiate ourselves and create long-term value for all our stakeholders. The dividend to be paid is proof of our commitment to all shareholders. As the company progresses, it will continue to prioritize shareholder interests and make decisions in their best interest towards creating sustained long term value.”

Dr. Nitish Shetty, CEO, Aster DM Healthcare, India said, “The last quarter saw us make significant progress in many aspects, demonstrating our execution strength. We aim to balance shareholder returns with future investments for sustained long-term growth. The dividend distribution plan aims to reward shareholders for their long-held trust and investment in the company. Aster DM Healthcare remains committed to transparency and regulatory compliance throughout the process.”

As the Indian entity is now separate from its GCC counterpart, the Company plans to add 1700 beds by FY27 through the organic route and will further look for expansion through the inorganic route as well. Through both greenfield and brownfield opportunities, the company aim to take its total bed tally in India to 6600+ in the next 3 years and scale up its labs and pharmacy business to emerge as the top 3 integrated healthcare providers in India. The plan will encompass a mix of brownfield and greenfield projects, including the upcoming Aster Capital in Trivandrum, and Aster MIMS Kasargod and adding bed capacity to the existing hospitals. The Company will also be looking at potential markets such as Maharashtra and Uttar Pradesh. The capital allocation for this expansion is in the range of 1000cr.

About Aster DM Healthcare Limited, India

Aster DM Healthcare Limited is one of the largest healthcare service providers operating in India with a strong presence across primary, secondary, tertiary, and quaternary healthcare through 19 hospitals, 13 clinics, 223 pharmacies (Operated by Alfaone Retail Pharmacies Private Limited under brand license from Aster), and 224 labs and patient experience centers across 5 States in India, delivering a simple yet strong promise to different stakeholders: “We’ll treat you well.” Aster has been recognized as one of the most sustainable companies globally, with 9 hospitals featured in Newsweek magazine’s World’s Best Hospitals list for 2024. 

Platinum Industries Ltd. IPO Price Band Announcement
 

Platinum Industries was born out of a vision to redefine the landscape of the PVC industry in India. The company operates within the speciality chemicals sector, producing essential components for PVC pipes, profiles, fittings, electrical wires, cables, SPC floor tiles, rigid PVC foam boards, and packaging materials. Under the visionary leadership of its Promoters, Krishna Dushyant Rana and Parul Krishna Rana, who currently hold 94.71% of the company shares, Platinum Industries has demonstrated remarkable growth. The company has recorded a CAGR of 42.11% over six years for revenue from operations, escalating from Rs. 284.19M in 2018 to Rs. 2,340.56M in 2023. The financial year ending March 31, 2023, saw a revenue increase of 22.89% and a Profit After Tax (PAT) surge of 111.76% compared to the previous year.
 

Furthermore, the company proudly stands as the third-largest player in India's PVC stabilizer market with a robust domestic market share of approximately 13% in FY23 and an impressive annual production capacity of 36,000 tons. (Source: CRISIL Report) Today, Platinum Industries Limited proudly stands as a testament to the transformative power of vision, innovation, and a dedicated commitment to excellence. By investing heavily in research and development, Platinum Industries Limited has pioneered lead-free PVC additives, challenging the conventional practices in the industry. This groundbreaking move not only set the company apart from its peers but also drove Platinum Industries to the forefront of environmentally responsible manufacturing.
 

Under the leadership of Krishna Dushyant Rana, Chairman & Managing Director, Platinum Industries Limited, the company has achieved significant milestones, including the expansion of its product line with lead free solutions and the establishment of state-of-the-art manufacturing facilities to cater to local and international markets.
 

The proceeds from the IPO are earmarked for funding of capital expenditure requirements of our Company towards setting up of a manufacturing facility for PVC Stabilizers at Palghar in Maharashtra, India; strategic investments in its subsidiary, Platinum Stabilizers Egypt LLC ("PSEL"), in the SC Zone, Egypt; and to meet other working capital requirements.

About Platinum Industries Ltd.

From humble beginnings in the year 2016, Platinum Industries today stands tall as one of the leading PVC & CPVC additives manufacturers in India. The company provides end-to-end additives solutions for the entire range of polymers. Committed to setting international benchmarks, driven by innovation and the desire to create a sustainable ecosystem, Platinum Industries is among the very few chemical companies in India that is specializing in manufacturing superior quality, economical lead-free additives which are used in the manufacturing of PVC pipes, thus playing an important role in restricting the penetration of lead in water. The company’s state-of-the-art manufacturing plant and robust R&D lab in Palghar is continuously innovating to create stabilizers and other chemicals that can be used in a wide range of applications.

Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Shareholders can identify these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations that arise after the date hereof, except as may be required by law. These statements are subject to uncertainties and risks including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the "Risk Factors" section of the registration statement on Form S-1 filed with the SEC. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement on Form S-1 and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review at www.sec.gov.

Austrade's Tech Trade Mission 2023 Facilitates Australian Tech Companies' Engagement in India

During the mission, Australian tech companies gained access to India's innovation ecosystem, fostering connections with Indian tech industry, and equipping them with market insights and business connections to leverage emerging opportunities.

Austrade played a significant role in promoting Australian tech capabilities during the mission, facilitating connections within India's tech ecosystem.

The tech mission also participated at the Bengaluru Tech Summit (BTS) 2023 which brought together industry leaders, startups, tech experts, and policymakers in Bengaluru, known as a hub for technology and innovation in India.

Austrade, in partnership with the Department of Foreign Affairs and Trade, the Department of Home Affairs and the Western Australian Government, delivered Australia’s presence as “Innovation Partner” at the Bengaluru Tech Summit 2023. The Australian pavilion received the Most Innovative Display award at BTS 2023.

MoU Signings at the Bengaluru Tech Summit

• Australian Tech firm Next XR’s Indian entity Mayjun Infotech signed an MoU with India’s Catnip Infotech to collaborate in the areas of technical resources availability, content development and human resources.

• Australian Tech firm Givvable signed an MoU with India’s GIST Impact to collaborate and promote a digital assessment tool for SMEs that has been co-developed with the International Chamber of Commerce.

Mr. Vik Singh, Trade and Investment Commissioner - South Asia, Australian Trade and Investment Commission (Austrade) stated, "We're thrilled to bring Australian tech companies into India's vibrant innovation landscape through the Australia India Innovation Network. This mission, covering Chennai and Bengaluru, provided Australian tech innovators with the opportunity to connect with India's dynamic market, collaborate with potential partners and explore new possibilities. As the 'Innovation Partner' at the Bengaluru Tech Summit, we're honoured to facilitate technology collaboration across borders, promoting equity, inclusivity, and sustainability. Australia’s ongoing partnership with India, showcased through events like these, underscores Australia's commitment to nurturing growth, encouraging innovation, and building global tech connection.”

Australia is a great place to develop digital technologies. Australia’s A$167 billion tech sector is smart, dynamic and is growing fast. It has expanded by 80% in just 5 years and will contribute a predicted A$250 billion to the Australian economy by 2030. Australia has expertise in SaaS, fintech, cyber security, quantum, digital games, and across the technology spectrum.

About The Australian Trade and Investment Commission

The Australian Trade and Investment Commission (Austrade) is the Australian Government’s international trade promotion and investment attraction agency. We deliver quality trade and investment services to businesses to grow Australia’s prosperity. We do this by generating and providing market information and insights, promoting Australian capability, and facilitating connections through our extensive global network.

To discover how we can help you, visit www.austrade.gov.au.

Elegar Kerpen, formerly known as LEONI Cable Solutions India, is set to achieve an impressive three-fold growth by 2026-27

The strategic acquisition enabled the Pune-based progressive wire and cable company of Elegar Kerpen to leverage LEONI India’s market expertise in specialized wires and cables in oil and gas, specialty chemicals, refineries, renewable energy segments, and the Indian Railways. Following the acquisition, Elegar inherited the brand name Kerpen, which has a glorious 100-year-old history in the oil and gas segment. This strategic move has enabled Elegar to expand its product line and explore new market territories, including the Indian subcontinent, the Middle East, the UK, South East Asia, and Australia, to achieve growth.

The Chairman and Managing Director of Elegar Kerpen, Mr. Hemant K Mehta, shared his thoughts on the acquisition and explained the company’s growth plans, saying, “We are excited upon the completion of this acquisition in 3 months and subsequent rebranding. This acquisition brings world-class equipment, German technology, and trained professional manpower to grow the business three folds by 2026-27, and the synergies it will bring on procurement, sharing best practices, common professional advisors, and customer focus between Elegar Kerpen and Ravicab Cables.”

Ravicab Cables is an experienced specialized cable manufacturer in India with a robust track record of over 20 years in the manufacturing, marketing, and distribution of wires and cables. The company caters to the varied needs of domestic, industrial, transport applications, and specialty market segments, making it a trusted name in the industry. It harbors two state-of-the-art manufacturing facilities spread over 1.2 lakh square feet and an advanced laboratory equipped to perform all tests according to the mandated national and international standards. Whereas Elegar Kerpen, with a 3,00,000 square feet facility featuring state-of-the-art German quality technology and infrastructure, specializes in designing and manufacturing premium quality cables. Together, the two companies are committed to enhancing their product range and services to add more value to the industry.

Elegar Kerpen was associated with several prestigious projects, including the Atal Tunnel, Reliance Jamnagar refinery, Vande Bharat Express train, Pune Metro Rail, and various Shell Energy projects. As part of its clean energy initiatives, Elegar Kerpen has supplied DC string cables to solar power generation projects with a capacity of 10 GW. The wire and cable manufacturer already enjoys a noticeable presence in Russia, Singapore, UAE, India, and China and is expanding in Europe. The company has recently appointed Business Partners in the UAE and is considering the appointment of partners in other Middle-East countries to enhance its market presence.

As a cable manufacturer with a global presence, Elegar Kerpen is ready to make impactful strides in the wire and cable manufacturing industry by delivering cutting-edge products that meet national and international quality standards. The company will continue to leverage its German technology, infrastructure, and trained manpower to enhance its products and customer service. By pursuing its drive towards innovation and sustainability, Elegar Kerpen will cater to evolving customer needs to achieve its growth and expansion objectives.

Mr. S. D. Shibulal

The sale was executed by Cholamandalam Securities Limited as the Sole Broker.

The Co-founders have nurtured the company for over three decades, transforming it into one of the most professionally-run companies in India with a global presence. Proceeds from the partial stake monetization will be utilized for a combination of personal and philanthropic activities.

This press release is for information purposes only and is not an offer to sell, or a solicitation of an offer to buy, any of the shares described herein. The shares have not been and will not be registered under the US Securities Act of 1933, as amended (the “US Securities Act”), or in any state or other jurisdiction of the United States. Securities may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the US Securities Act. There has not been and there will not be any public offering of the shares in the United States.

Kody Technolab's indigenous 3D Printed Prototype Robot "Dasher" showcased at the investor meet

Inviting investors to be part of their revolutionary journey, Founder & CEO Manav Patel expressed, "This IPO is a new chapter in our book, filled with a remarkable growth story." Further, he also confirmed new products, introducing the robotics range from Kody Technolab.

This exclusive gathering featured engaging presentations by the leaders from various divisions of Kody Technolab, providing attendees with a comprehensive understanding of the company's strategic vision and innovation roadmap.

CTO Mihir Mistry shared insights about innovation, stating, "Our new R&D Lab in our Gift City office will let global markets experience India's hardware and software capabilities." The company's Chief Finance Officer, Sanjay Kidecha, emphasized commitment, saying, "The commencement of our IPO represents a momentous achievement. We are dedicated to creating value for our investors."

Assuring shareholders, the CSO of the company, Deep Panchal, highlighted, "With our new Robotics range, we have a breakthrough lineup that will help us enter new markets, creating tremendous value for our shareholders."

The IPO will consist of 1,720,000 equity shares, each priced at Rs. 160, providing investors with an opportunity to participate in Kody Technolab's growth story. The company's decision to list on the NSE SME exchange reflects its strategic approach to fostering a dynamic marketplace for its shares.

IPO Snapshot:

IPO Date: September 15, 2023.

IPO Size: 17,20,000 Equity Shares.

Issue Price: Rs. 160 per equity share

Listing Exchange: NSE SME.

Kody Technolab's journey to this IPO has been marked by its remarkable contributions to digital transformation, enterprise app development, and pioneering work in emerging technologies like AI and ML, and Robotics. With a global expansion strategy that includes offering localized support on a worldwide scale, Kody Technolab is poised to solidify its reputation as a global leader in software development.

About Kody Technolab

Kody Technolab is a leading software development company specializing in enterprise-level projects and mobile application solutions. With a focus on emerging technologies such as AI, ML, and robotics solutions, Kody Technolab is at the forefront of innovation. Having successfully delivered 250+ projects and garnered the satisfaction of 150+ clients, Kody Technolab is poised to transform the industry and continue delivering cutting-edge software solutions to businesses in more than 30+ countries around the world. 

Axita Cotton setting global standards

To formalize this proposal, the board of Axita Cotton was scheduled to convene on Tuesday, May 23, 2023 and the company has announced whopping Buy back of Rs.56 Per share which is almost Double then its closing Market Price as on May 24, 2023 at Rs. 27.41. The board carefully evaluated the feasibility of the buyback in accordance with the provisions outlined in the Companies Act, 2013, and the Securities and Exchange Board of India (SEBI) (Buyback of Securities) Regulations, 2018, while maintaining full compliance with all relevant regulations throughout this process. Axita Cotton has shown a good compounded profit growth of 265% for the Past 3 years. They’ve also been maintaining healthy ROE of 38% over the past 3 years.

Following the announcement, shares of Axis Cotton surged by 5%, reaching a price of Rs 27.30 at 9:55 am, which triggered the buyer's circuit limit. With this upward momentum, Axita Cotton now commands a total market capitalization of Rs. 550 crore. Notably, the stock had settled at approximately 50% over the past year. Axita Cotton Ltd. has declared a dividend in Sept. 19, 2022. They had given Bonus issue of share twice in last 4 Years. The company is debt free and profitability is increasing on a Y-o-Y basis. No shares of Axita Cotton are pledged.

In terms of financial performance, gross margins are improving and Axita Cotton has delivered robust results. For the quarter ending on March 31, 2023, the company reported a net profit after tax of Rs. 5.6 crore, with revenue from operations amounting to Rs. 125.88 crore. Furthermore, for the entire financial year 2022-23, Axita Cotton achieved a net profit after tax of Rs. 17.09 crore, accompanied by revenue from operations of Rs. 552.6 crore.

Moving forward, Axita Cotton remains dedicated to upholding our strong performance, ensuring compliance with regulatory requirements and creating value for their stakeholders. Axita Cotton has a high promoter holding of 69.65%. The cash conversion cycle is of 24 days (in Financial year 2022-2023), an ROCE of 48.7% (in Financial year 2022-2023) and high cash liquidity.

Also, in compliance with Regulation 42(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 9(i) of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, the Company has fixed, Friday, June 02, 2023 as the record date for buyback.

• The Equity Shares admitted to dealings from Tuesday, 23rd May 2023 on the Main Board-Capital Market Segment of National Stock Exchange of India Limited.

• The script ended on NSE at Rs. 39.00/- (+4.98%) on the before day of the Migration to Main Board.

• The Equity Shares were listed on 5th June, 2018 with a Price of Rs. 66/- India, June 05, 2018.

Latteys Industries Limited (Latteys) (ISIN : INE262Z010123 One of the leading manufacturer of Solar Pumps & Water Pumps products has migrated to the Main Board of NSE.

This is yet another achievement for the company and propels the company to the next stage of its growth path. The company got listed on the NSE Emerge on 05^th June 2018. The IPO had come with IPO price of Rs. 66 and the company has given bonus of 3:2 to its shareholders in the month of October 2022.

Speaking on the Occasion Mr. Kapoor Chand Garg, Managing Director and Chairman of Latteys Industries Limited said, “This is a big day for us by completing the migration to the main board of NSE from NSE Emerge Platform. The migration will provide a boost to the growth of the company. Migration will help our company to attract more investors and bring more liquidity to the market owing to possibility of trading in single share v/s a lot size in Emerge. Will also pave way for the growth capital to help the company for its future business growth. We visualize ourselves as highly acceptable, trustworthy and reliable brand in the Submersible Pump market and we hope that we will achieve the same height in the Led segment as well.”

About Latteys Industries Limited

The Ahmedabad, Gujarat Based Latteys Industries Limited was established in the year of 2004, is an ISO 9001:2015 certified company is India’s leading manufacturer of energy efficient submersible pumps, serving to agricultural, industrial, domestic and horticultural sectors on Pan India since year 2004, is engaged in the product portfolio of the company includes Submersible, Self-Priming, Centrifugal Mono block, Shallow-well and Horizontal Open well Submersible Pump sets. Company manufactures more than 1500 models of pumps at its portfolio.

The Company’s plant is located at GIDC Naroda, Gujarat with an area of 1,00,000 sq. ft., The company currently has an installed production capacity of approximate 2,50,000 pumps per annum. The manufacturing facilities are equipped with requisite machineries, measuring instruments and testing equipment’s to keep up a constant check on quality. The Company has more than 500 Dealers & 150+ Service Centers at PAN India level basis.

Besides serving to the domestic market the Company also exports its products to many countries and is recently awarded with an order for 6.10 Cr for the domestic and exports.

The company has recently diversified in the LED light segment with Home, and Industrial and Road infrastructure Lighting. The Company provides complete home lighting, Road/street lighting solution under the brand name of LATTEYS. The company is in the process of launching its products across India and is already gone ahead in appointing dealers and distributors for the same.

The Company’s sales for the year ending March 22 is Rs. 40.85 Cr., with a net profit of Rs. 1.03 Cr. The promoters holding at present is 72.08% and the face value of the Company is Rs. 2/-.

StockGro Hunts for India's Top Stock Market Trader, winner will receive rewards worth Rs. 1,00,000

Participants are expected to trade in their virtual portfolios using 10 lakh virtual cash on StockGro's trading platform. The best-performing portfolios will be declared the winners and will stand a chance to win rewards worth Rs. 1,00,000 and boost their career in finance with opportunities like a live internship and pre-placement offers, and mentorship by industry experts.

Registration for this is free and open until 21st May, 11:50 PM. Participants can learn from experienced mentors and traders on the StockGro platform, making Trading Idol an unmissable opportunity for aspiring investors and Stock Market enthusiasts to showcase their talents and potentially become India's next trading superstar.

Commenting on the competition, Ajay Lakhotia, Founder & CEO, StockGro, said, "We are thrilled to launch Trading Idol and offer young investors a unique opportunity to showcase their talents. This competition allows participants to learn from experienced mentors and traders on the StockGro platform and take their finance careers to the next level."

StockGro is India's first and largest "Social Investment" platform designed to help users master the art of trading and investment. Trading Idol is the latest initiative by the platform to identify India's top trading talent and offer them an opportunity to work with the best in the industry.

In a bid to identify India's next stock market prodigy, Trading Idol aims to attract participants from across the country and provide them with a level playing field to demonstrate their trading prowess.

Tresorfx Copy Trading

Copy trading is a type of social trading that allows investors to automatically copy the trades of professional traders. Tresorfx's new automated copy trading service takes this concept to the next level, offering a comprehensive platform that's easy to use, reliable, and designed to help investors achieve their financial goals.
 

"Our new automated copy trading service is a game-changer for retail investors," said a spokesperson for Tresorfx. "We've been providing excellent results to investors for over 10 years, and we're excited to bring our expertise to a wider audience. With our new copy trading service, investors can benefit from our experience and success with just a few clicks."
 

Tresorfx's new copy trading service offers a range of benefits to investors, including:
 

Simplified investing: With automated copy trading, investors can easily copy the trades of professional traders without having to do any research or analysis themselves.
 

Diversification: Tresorfx's copy trading platform offers a wide range of trading instruments, including stocks, forex, commodities, and more, allowing investors to diversify their portfolio and minimize risk.
 

Control and customization: Investors can choose the level of risk they're comfortable with and adjust their copy trading settings to suit their needs.
 

Transparency: Tresorfx's automated copy trading platform is transparent, allowing investors to see the performance of the traders they're copying in real-time.
 

Tresorfx's automated copy trading service is backed by a team of experienced traders and customer support agents who are available 24/7 to answer any questions and help investors make the most of their investment. With over 10 years of experience providing excellent results to investors, Tresorfx is a trusted name in the investment industry.
 

Overall, Tresorfx's new automated copy trading service is set to revolutionize the way retail investors invest in the markets. With simplified investing, diversification, control and customization, and transparency, investors can benefit from Tresorfx's expertise and success with just a few clicks.
 

Register now at tresorfx.com.

• Public issue opens for subscription from March 14 and closes on March 17

• Minimum lot size for application is 1,000 shares; Minimum IPO application amount Rs. 1.46 lakh

• Funds raised through the issue will be used to for prepayment/repayment of certain borrowings, purchase of LED hoardings, funding working capital requirements and general corporate purposes

• For H1FY23 ended Sep 2022, company reported revenues of Rs. 45.2 crore, Net Profit of Rs. 4.2 crore

• Shreni Shares Pvt Ltd is the lead manager of the issue.

Public issue of Bright Outdoor Media Ltd. – engaged in the business of providing advertising media services consisting Out of Home (OOH) media services is scheduled to open for subscription on March 14. Company is planning to raise Rs. 55.48 crore for prepayment/repayment of certain borrowings, purchase of LED hoardings, funding working capital requirements and general corporate purposes. Last date for subscribing for the public issue is March 17. Shreni Shares Pvt Ltd is the lead manager of the issue. Company’s shares will be listed on the BSE SME Exchange Platform.

Mr. Yogesh Lakhani, Chairman and Managing Director, Bright Media Outdoor Ltd.

The initial public offering will comprise a fresh issue of 38 lakh equity shares of face value Rs. 10 each at a price of Rs. 146 per share (including a premium of Rs. 136 per equity share) aggregating upto Rs. 55.48 crore. Minimum lot size for the application is 1,000 shares which translates in to Rs. 1.46 lakh per application.

Sharing more details, Mr. Yogesh Lakhani, Chairman and Managing Director, Bright Media Outdoor Ltd. said, "We are committed to bring excellence to Out-of-Home advertising through product innovation, robust designs, unparalleled services and strategic locations. Our company’s striking advertising portfolio includes Billboards, Street furniture, Transit Media, and Ambient. We are hopeful that after the proposed public issue, we will be able to execute our growth strategy in a manner that creates exponential value for all stakeholders while consistently delivering quality services."

Out of the issue proceeds, company will utilize Rs. 12.41 crore for repayment/prepayment of certain borrowings, Rs. 13.10 crore for the purchase of LED hoardings, Rs. 18.26 crore for working capital, and Rs. 11.10 cr. for general corporate purposes. Post Issue the share capital of the company will increase to Rs. 13.93 crore from Rs. 10.13 crore before the public issue. Promoters and Promoters Group holds 99.99% stake in the company. Post-IPO promoter group holding will be 72.72%.

For the FY21-22 company reported revenues of Rs. 50.90 crore and Net Profit of Rs. 2.59 crore. For 6 months ended, 30 September 2022, company reported revenue of Rs. 45.18 crore and Net Profit of Rs. 4.20 crore. 

Incorporated in 2005, Bright Outdoor Media Limited is engaged in the business of providing advertising services offering advertising media services consisting of Out of Home (OOH) media services. The company's array of service hoardings includes Transfer stickers, Railway boards, Railway panels, Promos, full train, Bus panels, Full Bus painting, Toll Naka, Mobile sign trucks, Kiosks, Traffic Booths, Cinema slides, Gantry and Vinyl. Alongside Out-of-Home (OOH) Advertising and offering novel communication services to clients, the company also engages in offering services assuring multicultural and ethnic Outdoor Advertising campaigns that engage audiences and achieve impact, for every creative need, idea, and budget.

The client domain of Bright Outdoor mainly revolves around corporate clients operating in various business fields viz. Insurance, Financial service providers, Entertainment Industries, Construction, Jewellery, Aviation, Education, Government Organizations, etc. The company has been included in the World Book of Records, 2022 for receiving 2000 felicitations, 5000 awards internationally and owing 1000 clients in the field of entertainment industry, corporate sector and FMCG for 33 years.

Launch of World Trade Center Nagpur

WTC Nagpur's arrival has positioned the city as a hub for global trade, commerce, and retail. Already placed among the top 15 fastest-growing global cities and the top two smart cities in India. Nagpur holds a Guinness World record to its name for building the longest double metro viaduct (3.14 km) at Wardha Road and is the biggest cargo hub and trade center for the entire Vidarbha region, catering to a population of over 2.3 crores.

WTC Nagpur is situated at the only interconnecting point of India’s two biggest national highways - NH6 & NH7 at Varity Square, Sitabuldi - the oldest and the biggest centre for trade in the entire Vidarbha region, receiving daily footfall of 2 to 3 lakhs. It is the only WTC in India that is connected to a metro interchange at three levels, with an estimated daily metro transit of 4 to 5 lakhs. It also has a shopping mall within its premises, similar to 'The One WTC - New York'.

WTC Nagpur is the result of a collaboration between two renowned real estate developers in India, the Goel Ganga Group, and the Viridian RED. During the event, representatives of both companies highlighted the project's strategic importance and the impact it would be creating on Nagpur and the entire Vidarbha region. WTC Nagpur will forever change the city's skyline and offer global exposure to the region, according to Mr. Anup Khandelwal, Executive Director, whereas Mr. Tarush Goel, Director of Goel Ganga Group had elaborated on the strategic importance of the collaboration. 

Mrs. Khair-Ull-Nissa, Vice-Chair, WTCA, emphasized the benefits of being part of a network that supports over one million businesses in 326 WTCs across 92 cities worldwide. It was a gala event that saw a full house of leading real estate investors and channel partners from across India. 

WTC Nagpur has achieved 100% connectivity through rail, road, air, and metro, with 60-65% of its space already leased out and 30% currently operational. The facility is expected to be fully operational by December 2023, indicating the progress and dedication of the people involved. Mrs. Neena Roy, Head Sales, WTC Nagpur, assured investors that the project already has some of the most renowned global, national, and local brands in retail and business operating within its shopping mall premises.

WTCs have transformed the economic landscape of regions by bringing in investment, businesses, corporates, start-ups, government agencies, and global trade. They create job opportunities, increase the real estate value of the region and become hubs for prosperity and economic growth by offering ancillary support services and premium residential development. This is evident in cities such as New York, Hong Kong, and Dubai, where the entire catchment area around the World Trade Center is now a beacon of superior livelihood, wealth, and influence.

Nagpur now has become India's and the world's center for trade and commerce, thanks to the World Trade Center Nagpur. The milestone for economic prosperity for the region has been set, and the beacon has been lit.

“This scheme was started with 20,00,000 options that were set aside for employees, of which 7,00,009 Equity Shares were granted in the first tranche to some of the employees,” said Anil Jain, MD of Refex.

Refex is a diversified business involved in the area of Coal and Ash handling, Power Trading, Solar power generation and Refrigerant Gases’ manufacturing and re-filling. It is a pioneer in environmentally acceptable refrigerant gases.

The distribution of such ESOPs has been made inclusive and includes employees across all ranks and levels of Refex.

“The past 20 years have been a remarkable journey where we have been able to establish ourselves as a strong player in our business verticals. We have also been able to expand our business verticals over the years. This grant of ESOP will further motivate the employees and we will together work harder in our endeavor to scale newer heights as Refex,” concludes Anil Jain, MD of Refex.

About Refex Group^*

Refex Group is one of India’s leading business groups, serving across renewables (solar power), refrigerant gases, coal and fly ash handling, healthcare, and power trading sector. Refex Group also supports the dreams of budding entrepreneurs by way of its investments and providing additional support to start-ups. With multiple offices in India, it has been a 20-year-long journey of learning, resilience, and agility that Refex has traversed where it has always aimed for excellence. The Group relies on a strong foundation of principles such as integrity, diversity, dedication, commitment, and competitiveness, and keeps its customers and shareholders’ interest at the core.

*Refex Industries Limited along with its associate companies, sister companies, and their subsidiaries form part of the Refex Group.

These curated model portfolio baskets, specially created for Geojit by MSCI are: Select, which is based on MSCI India Domestic IMI Select sub industries index; and LMS, which is based on MSCI lndia Domestic IMI Select 30 index.
 

The Smartfolios Select basket represents securities from selected Global Industry Classification Sector (GICS) sub industries like food retail, department stores, distillers & vintners, diversified support services, financial exchanges & data, internet & direct marketing retail, footwear, movies & entertainment, interactive media & services, and interactive home entertainment.
 

The Smartfolios LMS basket, on the other hand, is a stock index which consists of 30 securities with a selection of 10 securities from each market cap segments of large, mid and small cap. The basket is exclusive for Geojit retail customers.
 

The benchmark for both exclusive indices is the MSCI Domestic IMI index, the parent index, which measures the performance of the large, mid and small cap segments of the domestic market.
 

“We are delighted to provide our index expertise and help Geojit meet the needs of investors looking to increase their equity exposure in India,” said Douglas Walls, Head of Index Products APAC, MSCI. “As more investors use index data and tools to support their investment decisions, a more diversified choice of indexes become increasingly vital to Indian and international institutions investing or operating in the country.” 
 

“Our two new Smartfolios baskets, based on custom indexes created by MSCI, offer our clients a choice of investment strategies. Each index basket has its own unique features and based on risk appetite and investment horizon, our customers can select the basket. Now, we have 14 Smartfolios baskets, each offering investment options to the investors depending on their investment appetite and the financial goals they want to achieve,” said Jones George, Executive Director, Geojit.

Product launch details: www.youtube.com/watch?v=EQcl2zHpZ7Q

About MSCI

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data, and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process.

About Geojit Financial Services

Geojit Financial Services (www.geojit.com) is one of the leading investment services companies in India, with a strong presence in the Gulf Cooperation Council (GCC) countries. It has over 12,17,000 clients, a network of 486 offices and has Assets Under Custody and Management worth around Rs. 60,000 crore. BNP Paribas, C J George - Founder and Managing Director of Geojit, Kerala State Industrial Development Corporation (KSIDC) and Rakesh Jhunjhunwala’s firm, RARE Enterprises are the prominent shareholders of the company.
 

Geojit Financial Services has an extensive presence in the GCC region via joint ventures and partnerships: Barjeel Geojit Financial Services LLC in UAE, BBK Geojit Securities KSC, in Kuwait and QBG Geojit Securities LLC in Oman. The company also has a presence in Bahrain through a business partnership with Bank of Bahrain and Kuwait.

The Great Resignation' in a Two-part Series Presented by ET Catalyse

At the onset of life returning to normal, a year ago; the term ‘The Great Resignation’ was coined as reports predicted that many employers were looking to leave their employers in pursuit of greener pastures. This led many organizations and industries to adapt their approach to the entire recruitment process and re-look at the employee and employer relationship from a unique perspective. In 2022, there is still a lot of talk amongst recruiters about the impact of ‘The Great Resignation’ and what it means for the future of the workforce and the corporate world. 

This two-part special slated to premiere with Volume 1 on 7th September will see participation from Kartik Rishi, Partner, People & Organization at PwC India; and Vinod Rai, Assistant Vice President (Head), Human Resources at Maruti Suzuki India in hosted by Miloni Bhatt, Editor, Digital Broadcast, ET Spotlight. For Volume 2, we will see participation from Dinkar Devgan, Recruiting Lead, Google, and Amol Gupta, People Leader - COO/CIO, FIS Global, in an exciting conversation with Deepak Ajwani, Editor, ET Digital. They will address questions such as ‘are we presently in a candidate’s market?’, ‘is the Great Resignation here to stay?’, ‘what is the future of the workforce?’; and many more topics on the matter. 

Check out the event here. 

LinkedIn Event 

Website

YouTube Playlist

Announcing the series Deepak Ajwani, Editor, Economictimes.com said, “Through ET Catalyse, we have actively engaged with business leaders, subject-matter experts, and entrepreneurs who have shed light on new-age business trends, marketing best practices and tech innovations. This special two-part series will focus on one of the most hotly debated topics, globally popularly known as ‘The Great Resignation’ that has taken the business world by storm. Our audience can look forward to many such interesting discussions on ET Catalyse in the coming days.”

About EconomicTimes.com 

EconomicTimes.com is India’s No.1 news destination for business leaders, executives, policymakers, thinkers, small and large enterprises, start-ups, academia, and students. EconomicTimes.com is committed to demystifying India's business news and adding new content genres to cater to every evolving reader interest. ETMarkets section within EconomicTimes.com, a favorite among investors, is the go-to source for all information on stock markets, mutual funds, IPO/FPO, commodities, and cryptocurrency.

The pertinent question here is how you can be prepared for such market corrections. To that end, let us look at 7 strategies that investors can embrace in the event of a steep stock market correction. 

Resist the temptation to make panic sales

Any investor would want to sell off their stocks and equity holdings when the market crashes. And, in panic, they do so at depressed prices. History, however, proves that the best and worst-performing days often cluster around the same time. Over the last 20 years, the best-day-worst-day gap has been within a month. Therefore, the best solution lies in doing nothing and simply letting your SIPs continue.

Resist the urge to make panic buys

Buy equities but don’t panic-buy index funds or invest in blue-chip companies without proper risk assessments. The right thing to do is to plan before the market tanks. You should know your appetite for risk to be less panic-stricken when the market stumps.

Keep your portfolio rebalanced

Rebalancing is an investment strategy that reduces portfolio risk, and in most cases offers better risk-adjusted returns to investors. This is done by buying and selling portions of your portfolio in order to set the weight of each asset class back to its original state or the targeted allocation. Take a stock of your financial situation, such as the kind of assets you own, how much, what are your goals, and how do you want to build your portfolio. You will then know where you stand and how much buying and selling you need to do. Rebalancing helps in managing portfolio risks, especially at a time when the markets are irregular.

Take advantage of tax laws 

A fall in the stock markets can be an opportunity to indirectly increase your post-tax ‘return on investment’ by using a tax-saving technique called tax-loss harvesting. Like one need to pay tax on capital gains, one can also save taxes on a capital loss by offsetting it against a capital gain. Investors can use this technique throughout the year and use it when the markets tank. This technique serves as a great way to offload some of the weaker stocks or funds in your portfolio and replace them with potentially higher growth funds and securities.

Protect personal finances

Create a personal accounting ledger for yourself and ensure that a stock market dip is not impacting your expenses like paying utility bills, tuition payments, rent, and other essentials. Also, be prudent in your expenses and start building up a good emergency fund. It is also important to manage debt as well. Refinance your existing debts like a home loan, personal loan, or credit card.

Invest in equities carefully

Invest in instruments such as NPS or ULIP accounts that come with multi-year lock-ins, as these equities can boost one’s retirement funds and long-term goals corpus. Also, a significant stock market fall can be an opportune time to invest in stocks and mutual funds, especially if you are adept at identifying pricing mismatches and bargaining.

Focus on long term

It is a fact that stock markets don’t go to zero, the economy always recovers, and stock prices do grow and reach new highs in time. Volatility is an integral part of the investing process; therefore, keeping a level head and a keen eye on your long-term goals is wise.

Attributed to ET Money.

The Company has performed well and has shown remarkably good results, for the last two fiscals, PGCRL has posted total revenue/net profits of Rs. 56.97 Lakhs / Rs. 3.91 Lakhs (FY20) and Rs. 375.74 Lakhs / Rs. 6.54 Lakhs (FY21). For the first nine months of FY 21-22 ended on December 31, 2021, it has earned a net profit of Rs. 61.54 Lakhs on total revenue of Rs. 447.41 Lakhs.

To further expand its business and to diversify the Company is proposing to enter the business of Tourism and Hospitality. The Company has plans to open a resort in the name of Pearl Green Clubs and Resort in Gandhinagar, Gujarat, a hot destination for the Tourists and other business houses because of its proximate to the dream project of our Prime Minister “Gujarat International Financial Tec (GIFT) City”. The Company already had acquired an area of 3,53,804 sq. ft. and is planning to construct an area 97,500 sq. ft. which is just 28% of the total land, with 40 rooms and all amenities like swimming Pool, Banquets, clubs etc.

The Company is Promoted by the professional having a vast experience in the hospitality sector under the guidance and the leadership of Mr. Hemant Singh Jhala, Chairman and Managing Director who has nearly three decades of experience in the agriculture and hospitality sector.

To part finance its needs for construction of this proposed resort and other general corporate purposes, PGCRL is coming out with an IPO of 6,30,000 equity shares of Rs. 10 each at a fixed price of Rs. 186 per share to raise Rs. 1171.80/- Lakhs from the market.

The issue opens for subscription on June 27, 2022, and will close on June 29, 2022. Minimum application is to be made for 600 shares and in multiples thereon. A retail-individual investor can apply for up to 1 lot (600 shares or Rs. 1,11,600/-). Post allotment, shares will be listed on SME Exchange of BSE Limited.

The Lead Manager to the issue is Fast track finsec Private Limited.

Disclaimer: The Company is proposing, subject to market conditions and other considerations, a public issue of its equity shares and has filed a Prospectus with the RoC, Ahmedabad, BSE - SME Exchange & SEBI. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Lead Manager at www. www.ftfinsec.com, website of the BSE Limited at www.bseindia.com and website of Issuer Company at www.pearlgreenclubsresort.com. 

Investors should note that investment in Equity Shares involves a high degree of risk. For details, investors should refer to and rely on the Prospectus including the section titled “Risk Factors” beginning on page no. 18 of the Prospectus.

SUGAR Cosmetics' Co-founders - Vineeta Singh and Kaushik Mukherjee

L Catterton’s expertise in building iconic consumer brands across the world and strategic relationship with LVMH will empower SUGAR to embark on its next stage of growth amid the expansion of India’s beauty and personal care market. Driven by consumers who are increasingly making cosmetics and skincare a part of their daily repertoire and experimenting with different types of products, the country’s beauty and personal care market has expanded considerably over the past five years and is expected to reach approximately USD 21 billion in 2025. Rising adoption of online shopping and greater product penetration in secondary cities are also contributing to the market’s enlargement.

With an extensive portfolio of high-quality products that resonate with consumers, SUGAR has cultivated a loyal customer base and has more than quadrupled sales over the past three years. The company’s effective use of new-age, impact-focused content marketing has helped it develop lasting emotional connections with a diverse range of consumer cohorts.

Through a combination of fast-paced e-commerce expansion, accelerated partnerships with general and modern trade stores, as well as diligent same-store-sales growth, SUGAR has also established a strong omnichannel presence across India. The company’s ability to simultaneously take advantage of the proliferation of online shopping while creating a robust local ecosystem of offline distribution partners has enabled it to attract and retain shoppers across the entire spectrum from metros to Tier II and III cities.

SUGAR Co-founder and Chief Executive Officer Vineeta Singh said, “Consumers are at the heart of all we do. At SUGAR, we are devoted to creating innovative products that meticulously cater to the preferences of women with diverse skin tones and types who believe in expressing themselves with high-quality cosmetics and skincare products that complement their inner beauty. L Catterton shares our ethos of truly understanding what matters most to consumers, and my Co-founder Kaushik and I are thrilled to welcome the firm as our partner. The firm’s brand-building and value-creation capabilities will fortify our growth as we continue on our journey of delighting and over-delivering on the expectations of our customers and fans. We are also extremely grateful for our existing investors’ unwavering faith in both of us and the unstoppable team that is making our collective dream a reality.”

“We have been impressed with how SUGAR has sustained its momentum of rapid growth across online and offline channels while maintaining healthy operating metrics,” commented Anjana Sasidharan, L Catterton Asia Managing Director, who will be joining the company’s board. “With a product-first mindset and deep understanding of their target consumers, SUGAR’s leadership team has established a strong position in India’s cosmetics market, which is at an exciting inflection point of expansion. We look forward to partnering with the company to thoughtfully unlock international exposure and drive further growth, leveraging our experience of working with over 20 beauty and personal care companies in L Catterton’s portfolio across the Americas, Europe, and Asia.”

L Catterton has significant experience investing globally in the beauty and personal care space. Current and past investments in the space include Il Makiage, Intercos, The Honest Company, TULA, Bliss, Ci FLAVORS, ELEMIS, ETVOS, Function of Beauty, Marubi, MERIT, and Sociolla, among others.

About SUGAR Cosmetics

SUGAR Cosmetics, a cult-favourite amongst Gen Z and millennials, is one of the fastest-growing premium beauty brands in India. With its clutter-breaking persona, signature low-poly packaging and chart-topping products, SUGAR is the makeup of choice for bold, independent women who refuse to be stereotyped into roles. Crafted in state-of-the-art facilities across Germany, Italy, India, USA and Korea, the brand ships its bestselling products in Lips, Eyes, Face, Nails & Skin categories across the world. With a cruelty-free range that is high on style and higher on performance, the brand is obsessed with crafting products that are a perfect match for every Indian skin tone across seasons and around the calendar. Backed by the trust of marquee investors and the love of millions of makeup enthusiasts, SUGAR Cosmetics is rapidly scaling its physical presence with 40,000+ retail outlets across 550+ cities and a mission of reaching the doorstep of every makeup user in the country.

For more information, please visit www.sugarcosmetics.com.

About L Catterton

With approximately USD 33 billion of equity capital across its fund strategies and 17 offices around the world, L Catterton is the largest global consumer-focused private equity firm. Leveraging deep category insight, operational excellence, and a broad strategic network of relationships, L Catterton's team of nearly 200 investment and operating professionals support management teams around the world in building strong, category-leading brands. Since 1989, the firm has made around 250 investments in consumer businesses.

For more information, about L Catterton, please visit lcatterton.com.

The company’s mission is to empower people with the knowledge of global markets enabling them to make informed investment decisions. It offers the best trading platform MT5 which is a powerful, modern trading platform with advanced features giving investors and traders a state-of-the-art trading experience to perform their best. The platform is easy to use with superior execution speeds and features like a trader’s calculator, performance statistics, real-time data on market sentiment, etc. It is suitable for experienced traders and has advanced features like sophisticated order management tools, and more native technical indicators, and is easy to configure and customize the trading setup.
 

The worldwide 2022 forex market is worth USD 2,409,000,000 (USD 2.409 quadrillion). USD 6.6 trillion on average every day is traded on foreign exchange markets. This is significantly higher than the previous analysis done by the Bank for International Settlements (BIS) in 2016 when it was valued at USD 1.934 quadrillion dollars. The forex market is the largest financial market in the world in terms of trading volume, liquidity, and value. Unlike other markets such as equities, the forex industry is the only financial market with 24/7 availability.
 

The company constantly fine-tunes and improves its trading platform as it firmly believes that with this ever-evolving market, improvisation is a must. The Platform is not only running electronic trading venues where buyers and sellers can connect, but also a range of software that covers everything from pre-trade analytics and news analysis to post-trade regulatory reporting and tracking of deals.
 

As online trading continues to evolve and gradually moves towards being dominated by AI and machine learning technologies. Algorithms and machine learning will be the upcoming game-changers for the industry and the new norm for the future. Investors are now increasingly using AI-driven investment platforms, which are promising them secure and stable returns, citing their cost-effectiveness, simplicity, and accessibility. Of late, the coronavirus pandemic has greatly accelerated this transition, with retail investors finally beginning to unlock the full potential of these tools.
 

QFX created its ecosystem platform for sharing investments (copy trading) with financial robots on the QFX and futures markets, QFX allows investors to access and copy trade from these cutting-edge trading robots from anywhere in the world in real-time. It's all in the name! Copy Trading, as the name, suggests involves tracking and duplicating trades executed by other high-profile investors in the financial markets. The COVID-19 pandemic has changed the business landscape across all industries and has shown the world that technology is the only saviour. It accelerated the development phase, in which most trading is being done remotely and without the need to be physically available. A lot of people have become more interested in trading because technology has eased the process of learning and entering the markets, beginners will have the opportunity to learn from experienced traders and copy their trades from a well-developed platform, that will allow people to meet, chat, discover, learn and more.
 

About QFX Trade Limited

QFX Trade Limited is a leading Forex Prime Broker that provides multiple trading options like crypto, currencies, stocks, commodities, and indices among others. The company has been serving its customers for years and operates in more than 32 countries. QFX is an automated trading platform which also provides a copy trading feature, where clients can get additional income by following the accounts of more experienced traders, by investing just one hour a day in analyzing, executing, and monitoring one’s portfolio. It empowers people with the knowledge of global markets and provides its clients with access to the world's leading financial institutions while delivering cutting-edge technology solutions. Its goal is to deliver an exceptional service experience through innovation and commitment to quality at all levels - from research capability to client care services.
 

For more information, please visit website qfxmarkets.com.

The General Corporate (M&A) Practice of Cyril Amarchand Mangaldas advised AEL on the structuring of the Transaction, review, finalization, negotiation and execution of transaction documents. The Transaction was led by Smruti Shah, Partner; Paridhi Adani, Partner; with support from Aviral Chauhan, Principal Associate; Devanshi Dalal, Senior Associate; Priya Gupta, Associate.

The Due Diligence team was led by Smruti Shah, Partner; with support from Aviral Chauhan, Principal Associate; Devanshi Dalal, Senior Associate; Priya Gupta, Associate; Kunal Gopal, Associate; Suneha Kasal, Associate.

The Transaction was signed on 13th May, 2022.

About Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas (CAM) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government, and regulatory bodies. The Firm’s generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors, and regulations. With over 850 lawyers and 150 Partners, the Firm is the largest full-service law firm in India with offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, and also in Singapore.

Recently, the Firm received “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. In 2021, Firm received “India Deal Firm of the Year” at the ALB India Awards; and “Firm of the Year” at the IFLR1000 India Awards.

The General Corporate (M&A) Practice of Cyril Amarchand Mangaldas advised Parry Chemicals on the Transaction. The Transaction team was led by Gautam Gandotra, Partner; with support from Arnav Shah, Principal Associate; and Anushka Sharma, Associate.

Other Parties and Advisors to the transaction included Stanhope Capital LLP (acted as Financial Advisors to BFA & BMCC); Popular Legal (acted as International Law firm to BFA & BMCC); and B S R & Co. LLP (acted as tax and regulatory advisors).

As a part of the Transaction, Parry Chemicals has entered into a share sale agreement with BFA; and a shareholder’s agreement with BMCC, BFA and the other shareholders of BMCC. Parry Chemicals has also agreed to extend a shareholder loan to BMCC for capital projects and expansion.

The Transaction was signed on 6th May, 2022. The deal is expected to close in the second quarter of FY 2022-23.

About Cyril Amarchand Mangaldas

Cyril Amarchand Mangaldas (CAM) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm’s generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With over 850 lawyers and 150 Partners, the Firm is the largest full-service law firm in India with offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, and also in Singapore.

Recently, the Firm received “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. In 2021, Firm received “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards.

a) No one can counterfeit cryptocurrency; hence problem of double spending would be eradicated.

b) Despite being decentralized system; cryptocurrency is still trustworthy owing to its algorithmic construct i.e., transactions on cryptocurrency network have to be approved by nodes spread across the world to be included in its ledger. A single disagreement can make the whole transactions ineligible.

c) Cryptocurrency completely eliminates the need of producing and distributing currency. Intermediaries are not required for peer-to-peer transfer between two addresses of cryptocurrency blockchain.
 

Although, all these solutions come with strings attached as acceptability of cryptocurrency across nations would be a big challenge to address. Whereas country like El Salvador has made cryptocurrency a legal tender, while other nations of the world, including China and United States, have banned cryptocurrencies. Despite all these issues, if government helps by providing a new framework for regulating digital assets, separate from traditional financial system including the protection of digital assets holders from fraud, market manipulation and disclosures to promote transparency then cryptocurrency has good chance to become the future money, as one must not forget that revolutions never go backward.

VyapaarJagat Felicitation Ceremony

VyapaarJagat.com is a platform that has always been committed to promoting Indian entrepreneurs and it aims to enable networking facilitating an exchange of knowledge for entrepreneurial community while giving media and PR packages to deserving winners. The business-friendly ecosystem generated by Vyapaar Jagat is the reason why these awards have always seen influx in participation from up-and-coming business owners as well as accomplished changemakers across all sectors such as IT, retail, oil and gas, healthcare, finance, manufacturing, telecommunications, media, and several others.

“I am proud of the success, turn out and the business opportunities we have created at our felicitation events which align with the company philosophy of upholding the commitment of promoting entrepreneurs in line with the mission statement of Aatma Nirbhar Bharat,” said Founder Pravin Parmar.

Some of the winners included: Namrata Shah, B-Square Dental Studio, Soham Homoeopathic Clinic and Healing Centre, Ami Shah, Susmita Das Gupta, Kanishka global trading (Kanisha Patel), Nidhi Virmani, Nancy Jain, Rashida Burhanpurwala, Pallavi Walia Raj, Nutrition Dynamic Foods LLP, Naisargi Shah, Alternative Lyfestyle, Meghana Mojjada, Dr. Shalini Guggnani, Madhusatta Chaudhury, Ruchi Aggarwal, Care Educational Trust, Street Cause (Ramya G), Toral Shah, Rutu Sunil Sangani, Divya Kotawala (House of Kotawala), Angel Holistic Range, Rekha Jayesh Saluja, Ashwini Legal Solutions, Shweta Raval, Belaa Mitthani, Dr. Ishani Hanspal, Janki Raina, Hema Shantharam, Angel Miranda, Dipal Nanavati, Hetal Amin, Advantmed India LLP, Sonali Polymers Pvt. Ltd., Design Studio, Saslab Technologies Pvt. Ltd., ChoklatHouse, Amhidda Care, Makson Sheet Metal Fabrication, Ishan Corporation, bombay metrics supply chain, ShareX Industries, Idealizeer Content Solutions, Namrata Copa Astro, MediaMetrics, Bookmyparts Networks, DeepBiz Technologies, iSmartMines India, Indian Wood Craft, Shree Dinkar Furniture, Sublimis Technologies, Brews & Blend, AtTally Sofner, Koffeetech Communications, Mahua Gorthi, Green buddies, Saloni Narayankar Interiors, Cdr Bimal Raj, PGE Industries, Shree Vaani Silks, Hindustan Infrastructure Solution, Suregrow farms OPC, Netleaf Info Soft, Nisarg Trivedi as Lawyer of the Year Real Estate & Construction Industry, Hari Priya Computer, Saara Earthing India Private Limited as Electrical Products Manufacturer of the Year.

This is the 2^nd edition of Vyaapar Jagat Winners Felicitation ceremony where every passing year Vyapaar Jagat has encouraged corporations to level themselves up constantly using innovations and reach.

“We’re excited about what the next edition has in store. Vyapaar Jagat Convention & Awards as well as Fempreneur Conference & Awards is an annual affair, and we will definitely be celebrating the next edition in December 2022 and March 2023 respectively. We hope that we continue to uphold people’s trust and the event is going to be bigger and better; bringing in more speakers, more contributors while being the go-to destination for businesses and consultants to grow their business. The entrepreneurs have consistently benefitted from ‘Vocal for Local’ and ‘Make for the World’ government initiatives by focusing their research and innovation in introducing cutting edge technologies and using those government policies to expand their businesses and we are proud to see the same,” says Dr. Pravin Parmar.

During this grand event VyapaarJagat.com has launched the platform for members with it’s name PeersBoard.com which will support entrepreneurs to exchange mentorship, networking, building trusted relationship as well as organizing in person meetups across the India. To summarize following are the projects VyapaarJagat.com has announced and all participants has appreciated:

Vyapaar Jagat Membership Platform: peersboard.com

Greenpreneur Convention & Awards 2022: greenpreneur.in

Vyapaar Jagat Convention & Awards 2022: vyapaarjagat.com/awards-2022

Fempreneur Convention & Awards 2023: fempreneur.in

Dr. Parmar also acknowledged the support of the partners for the respective events. Bigbull Dealt India Pvt. Ltd. As title sponsor, Hari Priya Computers as Platinum Sponsor, CarJasoos.com as Gold Sponsor and Xoxoday, Jiyansh Holidays, Vilnesh International, ObesityDoctor.in, Abaj Lighting, Arvindbhai Khatri Sons, Veritair as Silver Sponsors, Kamlesh Jewellers, Cotton India, Campus Dean, Safevibe, Design Studio, Triface International, PRS Compressors Private Limited, Angel Foundation were joined as Category sponsor.

Event Partners are, Charity Partner-AASMAN Foundation, Venue Partner - BSE, Event Managed by Pinks Event, Technology Partner - SwaggerUnit, Graphics Designing Partner - Wireframe Design, Marketing Partner - Shree Sharda Communication, Video Partner - Tej Studio, Photography & Videography Partner - Fun Video, Community Partner - Multitasking Mommies, Digital Marketing Partner - Social Amplifiers, Innovation Partner – WeHear, Our Delivery Partner: Professional, Couriers, Our Content Strategy Partner- Pen V Media, Franchise Partner - S & S Super Brands, Gifting Partners are Brews & Blends, Submarine Pens Pvt. Ltd., Shreeji Bags, Travel Partner - Square Cab Taxi, Logo & Branding Partner - Avani Logo World, PR Partner - Colleen Tandem PR, Online PR Partner: NewsVoir, Other Media supported by In Time News, Bharat FM, Startup Around, Gujarat Mail, Entertainment Partners: Kavita Bodani & Rutvij Pandya.

About Vyapaar Jagat

VyapaarJagat.com is a fast-growing online business media platform that believes in honoring visionary entrepreneurs by showcasing their business success. Founded by Dr. Pravin Parmar, Vyapaar Jagat celebrates entrepreneurship and believes in empowering new and established businesses by having their success stories out in front of the world. VyapaarJagat.com aims at creating a sustainable and holistic global entrepreneurial ecosystem by showcasing inspiring stories of businesses, startups, and entrepreneurs. It helps businesses in providing a platform to publicize themselves, create media partnerships and document their stories, and get positioned as a thought leader in order to attract value thus creating leverage owing to unbiased storytelling at an independent platform.

Kumar Sanu

Commenting on the curation of his NFT collection, Kumar Sanu, said, “NFTs have opened up a new way to engage with my fanbase and introduce them to some of the most defining moments of my personal and professional life. As an artist, I have always been keen to find newer ways and new mediums to express my music and connect with my fans. I am thrilled to take this journey forward through NFTs and digital art.”

Sulalit Biswas, CEO, Flamingo Group Pty Ltd., said, “We are excited to partner with Kumar Sanu to launch his NFT collection. Our marketplace will be live within the next one month and our aim is to provide a platform for artists to capitalise on their unique creations and find new ways to engage with their fanbase. We look forward to associating with many more artists in the future and reach brand new segments of music lovers and collectors.”

Biman Das, Founder, Flamingo Group Pty Ltd., said, “We are thrilled to debut our NFT marketplace through our partnership with Kumar Sanu. Collecting digital art is slowly becoming a global phenomenon and we are excited about the prospect of providing a platform for artists to have a deeper and meaningful engagement with their fans.”

 5% of proceeds from the sale of Kumar Sanu’s collection will be donated to an NGO.

About Flamingo Group

Flamingo Group Pty Ltd. is an Australia based company that has collaborated with US-based ITES company Doch LLC to design and develop the Flamingo NFT Marketplace. The company will launch the following products in the next one month.

Flamingo NFT Marketplace

Flamingo Group will debut its marketplace with the launch of Kumar Sanu’s NFT collection.

Flamingo Crypto Exchange

Flamingo Group will soon launch its most advanced trading, staking & launchpad exchange with the best in class security, ease of trade, and lowest trading fee.

For more information

Flamingo Group - Linkedin

Flamingo Group - Twitter

Mr. Sachin Gupta, CEO, Share India

Listed in 2017, the company has been scripting a remarkable growth journey that has seen its CAGR grow 65% and PAT surge 50% over the last five years. This has put the company’s current market capitalization at a whopping INR 4,000 Crore. Mr. Sachin Gupta, CEO, Share India attributes this growth to the dynamic vision of the company. “When the company started in 1991, we understood the nuances of transacting in financial instruments while committing ourselves to customer satisfaction. But the growth impetus came from our evolution with technology. With significant investments into technological innovations, we could provide our customers with an unparalleled trading experience that became a hallmark of our company.”

Mr. Kamesh Vadilal Shah, Joint Managing Director, Share India Securities

Equipped with this technological prowess the company now plans to foray into the retail segment and make quick inroads. “Customer satisfaction and technological evolution have always been the pillars of our success. We have made significant effort to boost our backend technology which has been instrumental in giving us a substantial market in derivative space. We now plan to make a tech-enabled foray into retail and believe that happy customers and superior technology will once again give us the pole position in this segment,” Mr. Kamesh Vadilal Shah, Joint Managing Director, Share India Securities said.

At a time when stock markets have been fluctuating and investors are uncertain of the future, technology can provide solutions that can navigate customers through turbulent times. “Uncertainty is the second name of the capital market. However, with technology at hand, we are trying to fine-tune algo based trading that will supplement an investor’s skill and increase the likelihood of benefitting from the markets. We have made significant investments into this aspect which speaks of our commitment towards innovations in this domain,” Abhinav Gupta, President Capital Markets, Share India Securities Ltd. said.

While the phenomenal growth of the company in an extremely competitive market is a testimony to the superior business model of the company, its ability to set the benchmarks in the algorithm-based retail segment may define its growth over the next few years.

The Capital Markets Practice of Cyril Amarchand Mangaldas advised on the Transaction. The Capital Markets team was led by Gokul Rajan, Partner; with support from Ambuj Gupta, Associate; and Chinar Gupta, Associate.

As a part of the Transaction, IRFC raised USD 500 million by way of 3.75 per cent notes due 2032. IRFC had received a ‘Climate Bonds’ certification from the Climate Bonds Initiative in respect of its Green Financing Framework. The drawdown by IRFC pursuant to the updated Programme was made under the Green Financing Framework, at IRFC’s discretion.

This Transaction makes IRFC the first Central Public Sector Enterprise (CPSE) to list its offshore bonds exclusively at Indian stock exchanges established in the GIFT City, Gandhinagar. IRFC will utilize the proceeds for financing eligible green assets through finance leasing model and refinancing the existing debt utilized for eligible green assets under the IRFC’s ‘Green Financing Framework for Green Debt’ (Green Financing Framework) in accordance with applicable law. The funds raised will help Indian Railways to meet its target of carbon neutrality and the wider target set by the government to meet the emission and carbon norms set in COP26.

Other Parties and Advisors to the Transaction included Allen & Overy (Asia) Pte. Ltd. (acted as international legal counsel for the issuer); Linklaters Singapore Pte. Ltd. (acted as international legal advisors to the arrangers and dealers).

The Transaction was signed on 21^st January 2022 and concluded on 24^th January 2022.

About Cyril Amarchand Mangaldas

India’s Leading Law Firm, Cyril Amarchand Mangaldas was founded on May 11, 2015 and takes forward the values going back 104 years, of the erstwhile Amarchand & Mangaldas & Suresh A. Shroff & Co. Tracing its professional lineage to 1917, the Firm has 750 lawyers, including over 130 partners, and offices in India’s key business centres at Mumbai, New Delhi, Bengaluru and Ahmedabad. The Firm advises a large, and varied client base that includes domestic and foreign commercial enterprises, financial institutions, private equity funds, venture capital funds, start-ups and governmental and regulatory bodies.

The firm was recently named in ‘25 Most Innovative Companies of the Year’ by CII. Also, received “Law Firm of the Year” award at the Asian Legal Business (ALB) India Law Awards 2020 and “Law Firm of the Year, India” at the Asialaw Regional Awards 2020. The firm was recognised as the “Most Innovative National Law Firm of the Year – India for 2020” at the IFLR Asia Awards and voted as the “Employer of Choice for 2020” from India, by the Asian Legal Business.

Mr. Harsh Dhanawat and Mr. Dharmil Bavishi, Co-founders of Bullspree
 

Bullspree's interactive virtual interface enables ordinary people to begin their financial journey without taking any risks and to be rewarded for creating the greatest investment portfolios. It uses real-time data from the stock market and allows users to enter contests in which they can choose the stocks with their own predictions. Each contest ends with users winning a certain sum based on their predictions.
 

In its initial phase Bullspree has already garnered 100000+ downloads with an impressive 80% retention rate. The initial response has been nothing short of phenomenal. People are loving the user-friendly interface and the learning opportunities offered by the platform.

“During lockdown, more than one crore people chose to open a demat account but the majority of them failed owing to a lack of specialized knowledge. Furthermore, millennials and Generation Z are continuously on the lookout for specific financial guidance in order to manage and grow their wealth in a more systematic and structured way. The phenomenal growth of fintech companies as well as their ever-growing customer base, back-up this hypothesis. Therefore, we thought of developing an ecosystem wherein potential stock market investors can actually get the real-world experience and comprehend the complex stock market in an engaging manner without burning a hole in their pocket. Keeping this in mind, we have introduced Bullspree with the goal of instilling trading culture in India and assisting today’s digital youth in making informed and educated investments,” said Dharmil Bavishi, Co-founder, Bullspree.
 

“Moreover, games inherently celebrate people’s journey and nurture self-expression. That's what we are committed to building with Bullspree, an organization that enables people anywhere in the world to enhance their intrinsic happiness through games in the world of financial markets,” he further added.
 

"Money has always been associated with an aspiration or dream. But people get scared when they start to think of fulfilling their dreams by making money from the stock market. Eventually, they put their dreams aside or forget about them. Therefore, we decided to launch Bullspree with a unique campaign - Bullspree karega har sapna sach! With this campaign, we aim to connect with all of the dreamers out there and help them grasp the not-so- complicated stock market in a fun way; play contests, win prize money, and gain real-world stock market expertise. Bullspree will assist them in beginning their investor journey based on a thorough understanding of the stock market. We are going to launch this campaign in an integrated way using offline and online tools to establish a connection with the identified target audience,” said Harsh Dhanawat, Co-founder, Bullspree.
 

He added further, “We innovate to ensure our games provide an intersection between skill and entertainment, enabling our users to earn while they play. The online gaming market is expected to reach 14 billion dollars by 2025, Bullspree is proud to be a part of this market.”

Mr. Sidhavelayutham Founder and CEO, AliceBlue

Commenting on the same, Mr. Sidhavelayutham, CEO and Founder, Alice Blue said, “In fact a large number of Alice Blue clients have been steadily investing in the IPO bouquet that has been making the rounds over the last couple of years. We are also seeing a lot of excitement around forthcoming IPO’s from the likes of LIC & Anuras, Craftsman, Easemytrip & Suryoday. These traditional companies taking the IPO route have boosted investor confidence in the stock markets.”

He further said, “Based on market estimates, LIC has provided insurance policies to more than 30 Cr policies over the last 60 years, which are roughly 20% of the country’s population. Additionally their ability in promoting their policyholders to open a Demat Account over the years by itself has increased the total Demat Account Holders from 5% of India’s population to around 20% of India’s population. This acts as an enabler for a large chunk of population to be able to invest or trade in the stock market.” 

The LIC IPO is touted to be among the largest & most awaited in the recent times is most likely to be launched in the fourth quarter of FY 21-22 and is expected to be in the size of Rs. 80,000 Crore to Rs. 1,00,000 Crore, making LIC only next to Reliance and TCS in market capitalization. 

According to market analysts' estimates, the last few months have seen massive outflows of money from the market. Looking at the figures, we can see that people sold around Rs. 12,000 Crore worth of their shareholdings in April, Rs. 6,000 Crore in May, Rs. 23,193 Crore in July, Rs. 2,568 Crore in August, and Rs. 25,572 Crore was drawn from the markets in October. These findings correspond to the fact that around 2 Crore new investors have entered the market in the last year. These investors are not interested in making a long-term commitment. Their goal is to make a profit as quickly as possible and exit the market, which is not suitable for the long run-in economic terms

About Alice Blue

Alice Blue is one of India’s leading online brokerage firms offering investment services at the lowest brokerage fee. Based in Bangalore, the company has its presence across 20 cities in India. Founded in 2006, Alice Blue today serves more than 1 lakh active traders and more than 10000 partners every day. The company is a member of MCX, NCDEX, NMCE & NSEL and recipient of multiple MCX awards over the last few years as ‘the best stock broking company’.

Alice Blue offers a suite of technology Apps and tutorials to make online trading simple and smart.

For more details, please visit: www.aliceblueonline.com.

ShibRWD - Trade SRWD on BitMart

BitMart Press Release:

support.bmx.fund/hc/en-us/articles/4415833328923-ShibRWD-SRWD-Primary-Listing-on-BitMart.

ShibRWD x BitMart Crypto Exchange are revolutionizing the Crypto Central Exchange (CEX) space by launching the first DeFi token providing 6% Transactional Dividends (Reflections) to SRWD Holders in Shiba Inu Token (SHIB). This is an exciting journey for both parties involved. This listing will trailblaze the path for mass adoption of DeFi Tokens and their Tokenomics into the Central Exchange space. No longer are investors deterred by the expensive Ethereum network fees. Investors will have the ability to trade their DeFi tokens just like any other Crypto Asset on any CEX at any time.

Current Investors of SRWD have the option to transfer their holdings in the ShibRWD Project to Bitmart effective January 25^th, 2022 6:00 AM EST.

ShibRWD Project Founders and BitMart Crypto Exchange look forward to the bright future ahead.

ShibRWD Founding Members

The team behind the success of ShibRWD is not anonymous. The team members are fully doxed and KYC Verification. They have the requisite experience and track record to develop, launch and promote successful crypto-related projects.

Co-founded by Mr. Calvin Sanchez (KYC VERIFIED), a fintech expert, the team members have come together to build an ecosystem where every community member is uplifted and valued.

The other Co-founder is Mr. Amir Shoolestani (KYC VERIFIED), who previously founded a successful social media influencer marketing company. Amir has a master's in engineering specializing in Project Management.

Current Purchasing Options for ShibRWD ($SRWD) Token
Uniswap:
Token Contract Address: 0xa518c9f3724cced4715e6813858dc2ce9b21ed78.

Flooz.trade:
www.flooz.trade/wallet/0xa518c9f3724cced4715e6813858dc2ce9b21ed78.

Social Media Accounts:
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