Mumbai (Maharashtra) [India], March 9 (ANI): Laxmi Organic Industries, a leading manufacturer of acetyl intermediates and specialty intermediates, will open the bid period in relation to its initial public offering of equity shares on March 15 and close on March 17.
The price band for offer is Rs 129 to 130 per share. The company may consider participation by anchor investors, which will be one working day before the bid opening date.
The offer aggregating up to Rs 600 crore comprises of fresh issuance of equity shares of up to Rs 300 crore and an offer for sale up to Rs 300 crore by promoter selling shareholder Yellow Stone Trust.
The company proposes to utilise net proceeds towards prepayment or repayment of all or a portion of certain outstanding borrowings, funding capital expenditure requirements for setting up of a manufacturing facility for fluorospecialty chemicals pursuant to investment in the wholly-owned subsidiary Yellowstone Fine Chemicals.
The IPO will be listed on BSE Ltd and National Stock Exchange (NSE). Axis Capital and DAM Capital Advisors are book running lead managers to the issue.
Laxmi Organics has a diverse product portfolio into varied chemistries in specialty intermediates and has a share of 30 per cent in ethyl acetate market and 55 per cent in diktene derivatives market. (ANI)

New Delhi [India], March 9 (ANI): India’s transition to electric vehicles (EVs) will require a cumulative capital investment of 266 billion dollars (about Rs 19.7 lakh crore) in EVs, charging infrastructure and batteries over the next decade, according to a report released by NITI Aayog and Rocky Mountain Institute (RMI) on Tuesday.
The report also identifies a market size of 50 billion dollars (Rs 3.7 lakh crore) for the financing of EVs in 2030 — about 80 per cent of the current size of India’s retail vehicle finance industry worth 60 billion dollars (Rs 4.5 lakh crore).

“The need of the hour is to mobilise capital and finance towards EV assets and infrastructure,” said Amitabh Kant, CEO of NITI Aayog.
“As we work towards accelerating the domestic adoption of EVs and push for globally competitive manufacturing of EVs and components like advance cell chemistry batteries, we need banks and other financiers to lower the cost and increase the flow of capital for electric vehicles.”
India’s EV ecosystem has thus far focused on overcoming adoption hurdles associated with technology cost, infrastructure availability, and consumer behaviour. Financing is the next critical barrier that needs to be addressed to accelerate India’s electric mobility transition.
End-users currently face several challenges like such as high interest rates, high insurance rates and low loan-to-value ratios.
To address these challenges, NITI Aayog and RMI have identified a toolkit of 10 solutions that financial institutions such as banks and non-banking financial companies (NBFCs) as well as the industry and government can adopt in catalysing the required capital.
“Re-engineering vehicle finance and mobilising public and private capital will be critical to accelerating the deployment of the 50 million EVs that could be plying on India’s roads by 2030,” said Clay Stranger, Senior Principal at Rocky Mountain Institute.
“These solutions represent high-leverage areas for interventions in finance, and we believe that many are relevant beyond India,” he said.
The 10 solutions recommended in the report include financial instruments like priority-sector lending and interest-rate subvention. Others are related to creating better partnerships between OEMs and financial institutions by providing product guarantees and warranties.
Besides, a developed and formal secondary market can improve the resale value of EVs and improve their bankability. “The identified barriers within EV finance need to be tackled in structured manner with innovative financing models,” said Randheer Singh, Senior Specialist at NITI Aayog.
Recommendations beyond finance include digital lending, business model innovation, fleet and aggregator electrification targets, and the creation of an open data repository for EVs.
The report further determines that investment in India’s transition to electric mobility has the potential to create significant economic, social and environmental benefits for the country.
As the economics of EVs continue to improve, new business models and financing instruments gain acceptance, and government programmes drive early adoption and promote domestic manufacturing, India’s EV market is poised for growth in the coming decade, said the report. (ANI)

New Delhi [India], March 9 (ANI/PRNewswire): Impetus Technologies (India) Pvt. Ltd., a software, products and services company focusing on creating powerful and intelligent enterprises, recently honoured women at the Impetus Group for their commitment and hard work.
The company organized a three-day celebration through interactive and informative sessions on investments, health and wellness, and engaging events.
This year, the theme being ‘#ChooseToChallenge,’ Impetus celebrated the spirit of womanhood and its attributes of conquering, empowering, and inspiring the world. Activities for men and women were planned to re-iterate the belief of inclusion for the company.
The organization has been recognized among the 2020 Working Mother & Avtar Best Companies for Women in India. The Impetus Group stands for its remarkable work-life balance and culture of inclusion, diversity, and collaboration.
With facilities such as a dedicated creche, flexible workhours, gender diversity, equal pay parity, exclusive programs and training for women, the group has been a preferred choice for women to work and excel.
On this initiative, Sanjeev Agrawal, VP Operations & Human Empowerment, said, “I thank and acknowledge all the wonderful women at the Impetus Group. Their commitment, dedication, and hard work have enabled us to be a top IT company. On behalf of all the men, I salute your spirit and invaluable presence, with which you inspire us each day.”
The company also bagged ‘Dream Employer of the Year’ by World HRD Congress’ for the 6th consecutive year and ranked in the top 20 in 2020. They have also been recognized among ‘Top 25 IT & IT-BPM India’s Best Workplaces, 2019’ and ‘Asia’s Dream Companies to Work For 2019’ for the 3rd consecutive year.
This story is provided by PRNewswire. ANI will not be responsible in any way for the content of this article. (ANI/PRNewswire)

Chennai (Tamil Nadu) [India], March 9 (ANI/NewsVoir): Malabar Gold & Diamonds, one of the largest gold and diamond retail chains in the country, has released a television commercial film directed by renowned filmmaker Gautham Vasudev Menon tailored specifically for the Tamil Nadu market.
The film celebrates the beauty and grace of the Tamil woman and its launch coincided with the occasion of International Women’s Day.
The ad film differentiates itself with the use of vivid colours, authentic shoot locations, relatable day-to-day scenarios and subtle treatment for which Menon is known for. It also projects the cultural sensibilities and aesthetic nuances of Tamil women in such a way that the narrative cuts across linguistic barriers to become universal.
Gautham, who has made his mark in the Indian film industry for his distinctive portrayal of women in Tamil and South Indian cinema, brings his deep understanding of Tamil culture and deft directorial touch in recreating the visually stunning film.
“Through this television commercial, we pay a tribute to the poise and vivacity of Tamil women on International Women’s Day. Collaborating with Gautham Vasudev Menon to shoot this women-centric ad film was an easy decision for us as he is well known for his unique way of capturing their lives on celluloid.
The cinematic genius of Menon, unique sensibilities of Tamil women and beautiful designs of Malabar Gold & Diamonds have woven magic. We are quite happy with the initial response to the film,” said Malabar Group Chairman MP Ahammed.
“The concept of the whole production was quite interesting, exciting as well as challenging since it aims to portray the Tamil women in their authentic aura. While I have directed many television commercials in the past, this one was special as a result.
The experience of shooting this commercial has been creatively stimulating for me. I applaud Malabar Gold & Diamonds for going the extra mile and attempting to capture the distinctive spirit and charm of Tamil women in their communication,” said Gautham Vasudev Menon.
TVC link: www.youtube.com/watch?v=Zz1YNRTFNoU.
Malabar Gold & Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate. Established in 1993 in the Indian state of Kerala, Malabar Gold & Diamonds today has a strong retail network of 270 outlets spread across 10 countries, 14 wholesale units in addition to offices, design centres and factories spread across India, the Middle East, Far East & USA. With an annual turnover of USD 4.51 billion, the company currently ranks as one of the largest jewellery retailers globally.
With 14 cluster manufacturing units in India and Gulf Countries, the company currently has 12 jewellery brands to cater to the discerning needs of customers. Headquartered in Kerala with branches across India, Middle East & Far East, Malabar Group is best known for its activities in the field of gold, diamonds, silver and lifestyle articles.
The group, owned by over 4500 shareholders excels in quality products and services, has more than 13,000 professionals working for its continued success.
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

Mumbai (Maharashtra) [India], March 9 (ANI/NewsVoir): NSE listed Marine Electricals (India) Limited, an integrated technology solution provider in the field of electrical automation, announced the receipt of the letter of acceptance aggregating to Rs 81.18 Crore from Garden Reach Shipbuilders & Engineers (GRSE) for the supply & service of Integrated Bridge System (IBS) for Anti-submarine Warfare Shallow Water Craft (ASW SWC) Project.
The overall Order Book for the Company stands at Rs 426.87 crore, which forms ~ 1.5 times FY20 marine revenue. Total Order book includes orders of Rs 290.28 crores from marine segment and Rs 136.59 crores from industrial segments.
Commenting on the recent Order Intake, Vinay Uchil, Chairman and Wholetime Director has commented, “With yet another order from GRSE, we are happy to see the significant uptick in the order inflows underscoring strong tailwinds for the sector.
The Indian shipyards have seen strong traction in the last few years in terms of order intake and with the renewed thrust of the Government, order inflows for shipyards expected to be quite strong for the construction of new vessels in the next few years. As an approved vendor within the Marine electrical & electronics ecosystem, this augurs well for MEL as it provides strong visibility of orders with the progress of ship constructions at shipyards. With the current order book and a robust outlook for potential orders, MEL is well placed to drive strong revenue and profitability growth on the back of the Marine segment.
With our order book at Rs 426.87 crore as of the date and a strong execution run-rate that we are seeing over the past few months, we are excited about entering the new financial year on a very solid base to bounce back from the pandemic related disruptions to our growth story.”
Marine Electricals is one of the leading players offering comprehensive electrical solutions to the Marine Segment as well as other Industries. With more than 40 years of experience, Marine has shown strong capabilities to move up the value chain from being a mere product supplier to a complete solution provider.
Marine is an approved vendor with all major shipbuilders in India as well as the Middle East and competes as among the top 2/3 suppliers for most the Low Voltage Product or Solution to Shipyards. Marine offers Integrated Electrical solutions for various systems of Ships like Power electrical Systems, Integrated Bridge Control Systems, Dynamic Positioning System, Shock graded motors, Fire & Flood direction system, Internal Communication System, Shock Graded Light Fittings etc. Marine has developed strong references of work done on all king of ships like Submarine, Aircraft Carriers, Frigates, Corvettes, Survey Vessels, Commercial Vessels, Inland Vessels.
Marine is the partner of Schneider Electric for manufacturing of it’s ‘Blockset’ Panels for supply in western India. It has a strong presence in emerging
segments with high electrical need like Solar power, Railways, Metro, Electrical Vehicles charging, Large Residential and Commercial Buildings etc. Marine is amongst the leader in the supply of LV solutions to Data Centers in India
This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

New Delhi [India], March 9 (ANI/SRV Media): “Sky Is Not the Limit”, Medhaavi Digital LLP. – An modern-day digital media and marketing holding company. We are a growth hacking and digital marketing agency focused on helping startups and enterprises achieve fast and sustained growth.
Medhaavi Digital is a growth hacking marketing agency that helps startups and well-established companies achieve rapid and sustainable growth. It is a global technology consulting, digital solutions & digital products company helping more than 100 clients succeed in a converging world.
Growth Hacking is a process of rapid experimentation across the marketing funnel, product development and sales. The sole goal is to identify the most efficient way to grow a business and exponentially increase revenue and profit.
After very successful and positive outcomes from different clients in and outside India, the thinkers at Medhaavi Digital are expanding their growth hacking and digital marketing services to the UAE and the USA. The thinking of people at Medhaavi Digital is to grow and let others grow with us because success and hard work go hand in hand. As they expand their services to different parts of the world the quality of work will grow to the best possible extent as growth is a mantra at Medhaavi Digital.
“When I finished my graduation from MIT Ujjain, I was jobless and there were not enough resources, and the only thing that I had was my passion to do something and enthusiasm. With all this in mind I started my own company IshanTech to provide growth hacking and digital marketing solutions to clients across the world,” said Ishan Mishra, Thinker in Chief at Medhaavi Digital.

The agency started in 2010 with the name of Ishan Tech by its founder Ishan Mishra and later in 2020, it rebranded itself with the name of Medhaavi Digital with the founder Ishan Mishra and Co-Founder Neha Mishra. “With our new name and new brand we thrive to provide best growth hacking and digital marketing services and product experience to our clients for their sustainable growth and giving them the scope of turning greater outcomes in terms of ROI and reliability of customers,” said Neha Mishra, Founder at Medhaavi Digital.
The growth of the company itself was whopping as it showed a growth of 5x in the fiscal year 2020. “In the tough times of COVID also we stand still with full determination and enthusiasm to tackle all the difficult situations and provide our best services to our clients in providing the best and unique content and digital marketing services for the growth of their company,” adds Neha Mishra.
Our Methodology:
Built on a customer-oriented culture, IshanTech follows a proven methodology to help our clients achieve their business goals with our solutions. Our team works hard to meet client demands at every step of the development process.
We assign experienced project leaders to analyze client requirements and design optimal solutions. We also maintain constant communication with the client on the progress of the project and respond immediately to any changes in their needs.
The services that are offered by Medhaavi Digital LLP agency specialises in Growth Hacking, Digital marketing, content marketing, creative designing, handling social media platforms, Online Reputation Management (ORM), Search Engine Optimization (SEO) and generating leads from online platforms.
Madhavi Digital has worked with many brands and some of them are Clints Solutions, Santo Jr Artusa, Adam Brown Esq LLC. BJP, NICT, Vidyaranya, Merchant, Raletta studios, PR bulls, Elan Consulting, and many more. The digital marketing agency is now amongst the leading agencies in India and is gradually expanding its domain in all the major metro cities.
According to the founders and people at Medhaavi, it is just the beginning of their bright and prosperous career and they will continue to work in this field by giving their best and excel in their work. And they wish that soon their growth hacking and digital marketing services are recognized globally and they continue to thrive under the name Medhaavi Digital.
For more details, please visit: https://medhaavidigital.com/
https://ishanmishra.in/
This story is provided by SRV Media. ANI will not be responsible in any way for the content of this article. (ANI/SRV Media)