WEB NEWS

 by Priya Jadhav The “Invitation to Bid” saw an enthusiastic response from aspiring bidders with Srinagar garnering the highest bid of INR 251 cr. from SG Sports   Mumbai, January 31, 2024: The Indian Street Premier League (ISPL), India’s pioneering tennis ball T10 cricket tournament to be played inside a stadium, today announced the results of the ‘Invitation to Bid’ for Co-Owners of the six city teams. The enthusiastic response from bidders saw a record of INR 1165 cr. being bid for the six city teams with Akshay Kumar’s Team Srinagar garnering the highest bid of Rs.251 cr. from Mr. Sanjay Gupta & Mr. Rohan Gupta’s SG Sports Pvt. Ltd.  The other winning bids were Rs.225 cr. from Mr. Venkat K Narayana’s KVN Enterprises LLP for Hrithik Roshan’s Team Bangalore; Rs.205.6 cr. from Ms. Neeti Agrawal’s PATH India Ltd. for Amitabh Bachchan’s Team Mumbai; Rs.200 cr. from Mr. Irfan Razack’s INR Holdings for Ram Charan’s Team Hyderabad; Rs.163.6 cr. from Mr. Rajdipkumar ...

 by Priya Jadhav Mumbai, 31 January 2024:   While the owners, investors, and occupiers remained cautious about real estate investments in the APAC regions, with a lot longer due diligent process, sentiment towards Indian real estate remained positive, according to Colliers recent Asia Pacific Cap Rates Report | Q4 2023. The rental rates and capital value for office segment have remained steady inspite of healthy demand for CRE in the key markets of Bengaluru that was countered by supply keeping the cap rates range bound. Mumbai office market saw lower supply with better demand pushing vacancy down, but yields did not change significantly. The return expectation in this stable yield environment remained unchanged with cap rates being range bound.The industrial cap rates remained flat owing to stabilization of yields and asset values as sustained demand from the third party logistic (3PL) players, eCommerce, and fast-moving consumer goods (FMCG) sectors is countered by new su...

by Priya Jadhav  New Delhi, 31st January 2024: India Sotheby’s International Realty today announced the strengthening of its advisory board with the joining of Mohit Gujral. As the former CEO and a board member of DLF, Mr. Gujral has been a part of the tremendous growth story of India’s premier real estate company. He is an architect of eminence, credited with building some of India’s largest and finest malls, commercial real estate, and integrated townships.  He also serves on several advisory and company boards positions of reputed entities.  “It’s my pleasure to join the eminent board of India Sotheby’s International Realty. I look forward to mentoring the dynamic India team on raising the bar on real estate practices, and seizing new opportunities in luxury real estate,” voiced Mr. Mohit Gujral.      Mr Amit Goyal, Managing Director, India Sotheby’s International Realty stated, “We are honoured to have Mr. Mohit Gujral on our advisory board t...

by Priya Jadhav   1.5 lakh patients using HealthPlix on their smartphones since its launch in Dec’23 Available in both Android and iOS platforms, the app acts as a central hub for all important alerts related to patient health information  Mumbai, 31 January 2024 — HealthPlix Technologies , India's largest EMR platform, today announced the launch of its Patient App HealthPlix (for patients). The app facilitates seamless connectivity between doctors and patients and provides a one-stop solution for patients to manage their health.   Digitize medical records Instant syncing of past patient medical records (up to 2yrs) Easy uploading and digitization of physical lab test reports  Time slot selector for doctor appointments The Patient App allows patients to stay in touch with their doctors, book appointments, access/store their digitized medical records via a secure vault and manage th...

by Priya Jadhav ·         Jubilant Pharma Limited, Singapore (‘JPL’), a wholly owned subsidiary, in Nov’2020 invested USD 25 Million in Sofie Biosciences Inc., USA (‘Sofie’) and currently holds 25.8% stake. ·         Sofie is engaged in developing and delivering molecular diagnostics and therapeutics (theranostics). It has radiopharmaceutical production and distribution network, mature contract manufacturing services and high value theranostic intellectual property. ·         Sofie has now entered into a definitive merger agreement with certain private equity funds managed by [Trilantic Capital Partners, North America (‘Trilantic North America’)], a US private equity firm. The merger transaction is expected to close by 30th June 2024, subject to customary conditions and regulatory approvals. ·         Consequently, JPL plans to sell its entire 25.8%...

  by Priya Jadhav Curiosity explodes as the behind-the-scenes footage between Farhan and Shibani circulates. What lies ahead for this dynamic duo? What's cooking in their imagination pot? As whispers of a significant revelation are making rounds on social media, anticipation is mounting.   This captivating video offers tantalizing glimpses into their collaborative process at Nu Republic, leaving viewers with a myriad of unanswered questions about the nature of their remarkable partnership. Revealing a groundbreaking association, this BTS footage hints at a potential game-changer in the making for Nu Republic.   Get ready for an imminent shake-up as Farhan and Shibani Akhtar, in collaboration with Nu Republic, raise the bar and push the creative boundaries. Stay tuned for the big announcement. What's next for this influential pair? The answer looms on the horizon, promising an exhilarating ride!     #whatsbrewing #nucodeofcool #nurepublic Join #nucodeof...

by Priya Jadhav -        Consolidated revenue at Rs. 2,421 crores -        Consolidated EBITDA increased 55% YoY to Rs . 421 crores -        Consolidated EBITDA per ton of Rs. 1,048, highest in the past 10 quarters -        Net debt reduced Rs. 632 crores YoY to Rs. 4,533 crores   Mumbai, January 29, 2024:  Nuvoco Vistas Corp. Ltd., a leading building materials Company in India, announced its unaudited financial results for the quarter ended December 31, 2023. With 25 MMTPA of combined installed capacity, Nuvoco Vistas Corp. Ltd. is the fifth largest cement group in India and amongst the leading cement players in East India. The consolidated cement sales volume for the Company stood at 4.02 MMT in Q3 FY24. Consolidated revenue from operations during the same period stood at Rs. 2,421 crores. Consolidated EBITDA improved by 55% YoY to Rs. 421...

by Priya Jadhav  January 29th, Mumbai : Shilpa Shetty Kundra embarks upon an exhilarating new journey in the world of kid’s fashion with her latest venture Zip Zap Zoop. Partnering up with Ashmika Sadh, who comes from a lineage of being a star exporter to several global brands with multiple awards & accolades from the Government Of India for her excellent work, together introducing a promising venture for the little ones! Zip Zap Zoop- a clothing line for kids and teenagers aiming to redefine the industry landscape combining both Shilpa’s many strengths as an artist, a fashion icon, and most importantly a mother and Ashmika’s knack for entrepreneurship and industry expertise.   Widely recognized for her outstanding achievements in a three-decade-long-acting career, impressive dance prowess, thriving entrepreneurial endeavours, and dedication to health and well-being, all while embracing the roles of a devoted mother and wife, she is now poised to embrace a new challen...

by Priya Jadhav  Guntur, 29 th January 2024 : Mr. Jayadev Galla, the incumbent Member of Parliament from Guntur Lok Sabha constituency, Leader of the Telugu Desam Parliamentary Party and a senior leader of the Telugu Desam Party has today announced that he will not be contesting the upcoming 2024 general elections. He was elected twice as the Member of Parliament representing Guntur in the years 2014 and 2019.  “It is with a heavy heart that I announce my decision to not contest in the upcoming 2024 general elections. I will be taking a break from politics to focus on diversifying the business which is at a crucial stage of leading the world in the transition to a more sustainable future. Amara Raja is moving from being a battery manufacturer to a comprehensive provider of Energy & Mobility solutions. As part of this we are investing about Rs 9,500 Crs for the Amara Raja Giga Corridor, which will have one of the largest manufacturing facilities of lithium-ion batteries an...

 by Priya Jadhav   National, 29 th January: Industry mainstay Sapphire Tuff, founded in 2009 and has over 15 years of groundbreaking expertise in the glass processing field, has become the nation's leading toughened glass maker, consistently setting new industry standards. Sapphire Tuff is proud and pleased to announce the opening of its second factory in Pune, equipped with the latest generation convection technology furnace. This is a benchmark opening for the company, reinforcing its commitment to innovation, safety, and meeting the evolving demands of the market.   In a strategic move to meet the growing demand for processed glass in the region, the new factory marks a new milestone in Sapphire Tuff’s journey, as they expand their presence in Pune with one factory already up and running for 24 hours a day.   Ali Asgar Rampurwala, Director, Sapphire Glass Solutions expressed his insights on the launch of the new factory, “Sapphire Tuff has launched our se...

by Priya Jadhav  29 January 2024, Mumbai: Mahanagar Gas Limited, one of the largest City Gas Distribution companies in India, will be participating in the National PNG Drive – an initiative by Petroleum and Natural Gas Regulatory Board to promote the usage of Piped Natural Gas (PNG). The launch of this nationwide initiative is scheduled for 26th January 2024, where Mahanagar Gas Limited will play a pivotal role.  The PNG Drive being conducted with the objective of expanding the reach and accessibility of domestic PNG across the country aims to promote PNG adoption among households and expand the PNG customer base to a wider segment of the population.  As a part of the drive, Mahanagar Gas Limited has introduced “ PNG Ka Mahotsav” scheme, a unique initiative that will offer free gas worth Rs. 3000 for a year to every new customer from gasified buildings who opts for a PNG connection till 31 March 2024. The scheme is available for registrations from buildings wherein fi...

 by Priya Jadhav  Mumbai, 29 th January 2024: Zuno General Insurance, a new age digital insurer proudly announces the successful deployment and the integration of Ayushman Bharat Health Account (ABHA) ID with Zuno’s policy management system to facilitate onboarding on the National Health Coverage Exchange (NHCX).  Zuno General Insurance, the first Insurer to partner with the Ministry of Health, Govt of India, to help create digital health IDs for all the people of India has now now extended this to capture, create and link ABHA with its health policies, well ahead of the extended regulatory deadline of January 31st. This is as a part of the NHCX project initiated by the regulator, IRDAI along with National Health Authority.  This significant milestone showcases Zuno’s agility and technical readiness and its commitment to innovation and customer centric solutions.  This integration provides both the customers and agents with the ability to seamlessly capture, cr...

by Priya Jadhav Under the guidance of Shri. Kishan Kumar Sharma, Chief Postmaster General, Maharashtra Postal Circle proudly hosted the  IndiaPost  Tech Logistics Conclave, a pioneering event that brought together industry leaders, policymakers, and stakeholders to explore the latest advancements in logistics technology. The representatives of the following organizations participated in the  conclave ;   i  Think Logistic,  Shipyaaari ,  Shipdelight ,  Shiprocket , go  Glocal  , Cloud hands,  Anorolox Corp.,  Ezipe , Neena Sales  LLp , Blue  Toleri , log exchange, MOS Log Connect,  Shipkar  Express,  Zencommerce , MOS Technology, Global  Shipping,VJ  Express Cargo, MAIDC,  ebag , ESCL,  Shipyaari  Tech Branch, easy pack, Space GSAD. The conclave served as a platform for insightful discussions, knowledge exchange and collaboration aimed at shaping the future of logistics in Mahar...

by Priya Jadhav  As Republic Day approaches, director Abhishek Sinha, known for his debut film "Tumse Na Ho Payega," featuring Ishwak Singh, Mahima Makwana, Gaurav Pandey, Gurpreet Saini, and Karan Jotwani, has shared his thoughts on the patriotic spirit. From his favourite patriotic films and series to his dream project that goes beyond traditional narratives, Abhishek Sinha unveiled his perspective on patriotism, emphasising the genuine love for the country in his creative endeavours. How do you plan to celebrate Republic Day in your own way, and are there any special traditions or activities you're excited about? On Republic Day, I typically spend my morning watching the Republic Day Parade on TV. I also treat myself to a special breakfast that includes Jalebi and Samosa, bringing back memories of the school days. This ritual of watching the parade and enjoying breakfast has become a tradition for me.  In Bollywood movies over the years, do you think they have captured...

 by Priya Jadhav Glaucoma comprises a set of eye disorder characterized by elevated intraocular pressure (IOP), leading to damage of the optic nerves which are responsible for transmitting visual signals to the brain. This condition can result in vision loss, and it can affect individuals of any age, with many remaining unaware of its presence. Early detection is crucial to prevent irreversible blindness. Currently, Glaucoma stands as a significant global cause of vision impairment, impacting 80 million people and contributing to 12.3% of worldwide blindness. In India, the prevalence is noteworthy, affecting 12 million individuals, with an estimated 40-50% of cases going undetected.  The prevailing myths surrounding glaucoma have panicked several people. It is decisive to dispel misinformation about this silent eye condition, which poses a threat to vision without displaying early warning signs. Here, we debunk some common myths around glaucoma, offering clarity and promot...