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Ashish Kacholia Backed Sri Lotus Developers Gets SEBI Nod for IPO, Looks to Raise INR 792 Cr

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Sri Lotus Developers, a leading player engaged in real estate development, backed by ace investor Ashish Kacholia, and several bollywood stars, had earlier filed preliminary papers with the capital markets regulator SEBI to raise Rs 792 crore via initial share sale, and has received final approval from the Securities and Exchange Board of India (SEBI). The IPO comprises of solely fresh issue with no offer-for-sale component. Promoters hold 91.78 percent stake in the Lotus Developers, and the remaining 8.22 percent equity stake is held by 150 public shareholders including bollywood stars, Ashish Kacholia, NAV Capital, Dovetail Global Fund, Minerva Ventures, Oppbasket. On September 16 last year, the company had raised Rs 139.4 crore via private placement with allotment to investors including Money Spinners, Sera Investments, Smart Algo Solutions, NAV Capital, Dovetail Global Fund, Minerva Ventures, Yantra E-Solarindia, and Oppbasket. Further, on December 14 last year, it has mopped up Rs...
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Fintech Veteran Prabhakar Tiwari to launch ‘Project Drone’, a Disruptive WealthTech Venture, Backed by Share India

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  Seasoned executive to turn founder to revolutionize wealth management with elite team and institutional backing Marking a bold leap from corporate leadership to entrepreneurship, fintech industry veteran Prabhakar Tiwari, a renowned name in the digital broking experience with previous experience in leading discount brokers, is close to launch of his new WealthTech venture, Project Drone, with Share India Securities (NSE: SHAREINDIA, BSE: 540725) as strategic partner, which is in process of obtaining relevant approvals. This new venture marks Tiwari’s transition from accomplished fintech executive to startup founder in this space, bringing his extensive experience in driving digital transformation and customer-centric innovation to the forefront of wealth management. Project Drone aims to bridge critical gaps in India’s wealth management ecosystem by offering intelligent, technology-led solutions tailored for emerging and mass affluent Indians, especially across Tier 2, 3, and 4 c...
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Sahana System Ltd. Looks to Revolutionalize Cross-Border Payments

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Sahana System Limited Receives Official Acknowledgement and Invitation for Facilitated Discussions from Royal Thai Government on Financial Ecosystem Enhancement Proposal Sahana System Limited (NSE: SAHANA), a distinguished provider of cutting-edge IT Service Management solutions, is pleased to announce a significant and formal advancement in its strategic engagement concerning Thailand’s financial ecosystem. The Company has received a communication from the Ministry of Finance, Royal Thai Government, formally acknowledging Sahana’s comprehensive proposal for the strategic enhancement of the payment infrastructure and the broader advancement of financial inclusion. The aforementioned official correspondence articulates appreciation for Sahana’s proactive interest and explicitly affirms the alignment of this initiative with the Royal Thai Government's overarching strategic objectives, specifically the prioritization of digital infrastructure fortification and the expansion of financi...
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नई शिक्षा नीति (NEP) 2020 के अंतर्गत “हेमा फाउंडेशन” का समग्र मूल्य-आधारित पाठ्यक्रम राष्ट्र को समर्पित – 28 जून को दादर, मुंबई में हेमोत्सव 2025 का भव्य आयोजन

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by Priya Jadhav   मुंबई। हेमा फाउंडेशन, आरआर ग्लोबल की सामाजिक गतिविधियों की परोपकारी इकाई है, जो संस्कार, संस्कृति, सभ्यता और मूल्य-आधारित शिक्षा के उत्थान हेतु समर्पित है। इसका प्रमुख उद्देश्य है — “लोगों में मानवीय मूल्यों की चेतना जागृत करना।” श्री महेन्द्र काबरा जी के नेतृत्व में और विश्व विख्यात मनोवैज्ञानिक तथा फीलिंग माइंड्स की स्थापक और हेमा फाउंडेशन की ट्रस्टी डॉ चीनू अग्रवाल ने "हेम वर्च्यूज़" ई-लर्निंग पोर्टल के माध्यम से मूल्य-आधारित शिक्षा का व्यापक प्रसार किया है। यह अभियान वर्तमान में 26 राज्यों के 6,942 विद्यालयों, 12,031 शिक्षकों और 4.21 लाख से अधिक छात्रों तक पहुँच चुका है। वेबिनार और प्रशिक्षण सत्रों के माध्यम से यह पहल निरंतर गतिशील रूप से संचालित की जा रही है। इस महत्त्वपूर्ण कार्य में डॉ. चिनु अग्रवाल, ट्रस्टी एवं रिसर्च हेड , हेमा फाउंडेशन, का विशेष योगदान रहा है। उनके मार्गदर्शन में HEMVirtues के अंतर्गत समस्त मूल्य-आधारित पाठ्यक्रम का निर्माण हुआ है, और सभी शिक्षण सामग्री पोर्टल पर उनके निर्देशन में अपलोड की गई है। हेमा फाउंडेशन के स्थापना दिवस के अव...
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RECPDCL Handover WRNES Talegaon Power Transmission Limited SPV to Adani Energy

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The estimated cost of the project is around Rs. 1,807.46 Crore by Priya Jadhav REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, the Maharatna CPSU under the aegis of Ministry of Power, handed over a project specific SPV (Special Purpose Vehicle) of ISTS Transmission Project under TBCB route viz, WRNES Talegaon Power Transmission Limited to Adani Energy Solutions Limited on 30th May 2025. The estimated cost of the project is around Rs. 1,807.46 Crore. Adani Energy Solutions Limited emerged as the Transmission Service Provider (TSP) through Tariff-Based Competitive Bidding (TBCB) process conducted by RECPDCL, the Bid Process Coordinator, for development of the transmission project on Build, Own, Operate & Transfer (BOOT) basis. The SPV was handed over by Shri T.S.C. Bosh, CEO, RECPDCL to Shri Sanjay Arvind Johri, Vice President (BD), Adani Energy Solutions Limited in the presence of Senior Officials of RECPDCL, Adani Energy Solutions ...
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Odysse Electric Vehicles Records Stellar 43% Growth in Sales for May 2025

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by Priya Jadhav Mumbai, June 2025  –  Odysse Electric Vehicles,  one of India’s fastest-growing premium electric vehicle manufacturers, has registered a 42.9% increase in sales for May 2025, clocking 223 units, compared to 156 units in May 2024. Odysse Electric witnessed this impressive growth due to rising consumer demand for sustainable mobility solutions, expanded distribution networks, and product launches. The company recently announced the successful debut of Evoqis Lite, a sleek and sporty electric motorcycle offering high performance at an accessible price, and HyFy, an ultra-affordable, low-speed electric scooter tailored for daily urban travel. Odysse’s commitment to innovation, affordability, and eco-friendly transportation has resonated strongly with urban commuters and businesses alike. Nemin Vora, Founder and CEO of Odysse Electric Vehicles, said  “ We’re encouraged to see steady growth in our monthly performance. It reflects the gradual but positive sh...
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PNB Reduces Interest Rates on Education Loan by 20 bps under the Vidyalaxmi Scheme

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by Priya Jadhav   The bank enhances affordability towards higher education at 860 premier Indian institutions  Mumbai,  June:  Punjab National Bank (PNB), India’s leading public sector bank, has reduced interest rates on its education loan offering under the  Vidyalaxmi Scheme  by 20 bps. This initiative further strengthens the bank’s commitment to enhance education accessibility. The Vidyalaxmi Scheme is designed to provide comprehensive financial support to students towards quality-driven higher education. This initiative is available to candidates who secure admission on merit to 860 identified Quality Higher Education Institutions (QHEIs) across India. These institutions have been categorized by PNB as follows:   Group Name No of Institutes I AAA 85 II AA 152 III A 623         Key Features of the Scheme: Eligibility : Indian Nationals including NRIs, and OCIs pursuing Graduation/Post-Graduation degree or diploma courses in ...
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