Tag Archive for 10

Varun-Anushka cycled for 10 hours daily in summer heat!

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Varun Dhawan plays an innocent tailor from heartland India in YRF’s upcoming entertainer Sui Dhaaga – Made in India. The superstar essays the role of Mauji who dreams to make a name for himself. Rooted in heartland India, the film demanded it to be shot as authentically and as genuinely as possible. Cycle is the most common mode of transportation in small towns and director Sharat Katariya wanted Mauji to have a cycle to enhance the visual appeal of the location and the character.

“Mauji loves his cycle. He takes it everywhere he goes. Cycle is the most preferred transportation option in rural India and we had to include it because the cycle adds so much visual appeal to Mauji’s character. He chills on his cycle, he dreams on his cycle, he laughs, he cries on his cycle. Mauji and Mamta (Anushka Sharma) have some really beautiful moments with each other – bonding, talking and getting to know each other – when they go for the rides together. The cycle captures the beautiful, innocence of small town life and romance,” says Varun. Read more

GIC Re enters the league of top 10 Global Reinsurers

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

GIC Re, a reinsurance company majority owned by Government of India secures 10th position amongst the top 40 global reinsures, as published by Standard & Poor’s. This is based on premium booked during Financial Year 2018.  The company registered a top line growth of 24.5% during FY 2018 recording premium of Rs 41,799 crore and surpassed two global reinsurers to achieve 10th position.

GIC Re recently announced its financial performance for Q1 FY 19 and is growing at a healthy rate given its domestic market dominance and forecasted strong GDP growth for Indian economy taken with growing insurance penetration. Its growth in Gross Premium Income was 9.3 % at a premium of ₹18,791.45 crore for the quarter ended 30.06.2018 as compared to ₹ 17,194.76 crore in the quarter ended 30.06.2017. The company showed  remarkable growth in Profit After Tax (PAT) for the quarter ended 30.06.2018 of INR ₹ 771.42 crore compared to ₹ 390.11 crore for the quarter ended 30.06.2017. Return on Equity (ROE)(unannualized), was 3.5% in the quarter ended 30.06.2018 compared to 2.1% in the quarter ended 30.06.2017. Net Worth of the company increased by 21.6% to ₹ 22,297.66 crore on 30.06.2018 from ₹ 18,336.91 crore on 30.06.2017.

Mrs Alice G. Vaidyan, Chairman-cum-Managing Director of GIC Re said “I assumed the position of CMD with clear goals before me of the Corporation entering the league of top 10 global reinsurers and simultaneously setting the corporation on the path of sustainable underwriting profitability.  This is of course apart from GIC Re setting up own syndicate in Lloyd’s of London.” Mrs Vaidyan further added:  “Metric of size alone cannot be a goal, any entity has to consistently and sustainably deliver enhanced value to all its stakeholders and we are firmly on the path of attaining our medium term goals.”

With government push towards improving insurance coverage and health scheme Aayushman Bharat on the anvil, GIC Re can be expected to benefit from emerging opportunities in health segment. GIC benchmarks its performance against the best-in-class global players. With the competitive advantage that it enjoys and with a domestic market growth momentum, on the strength of its balance sheet size and customer servicing, it can be expected to further strengthen its position globally.  Read more

Tata Capital Financial Services Limited NCD Issue to open on September 10, 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr. Rajiv Sabharwal , Director, Tata Capital Financial Services Ltd. at the announcement of the Tata Capital Financial Services Ltd. Public Issue of NCDs.

Tata Capital Financial Services Limited (the “Company” or the “Issuer”), a Systemically Important Non – Deposit taking Non – Banking Financial Company focused on providing a broad suite of financing products customized to cater to the needs of various segments, proposes to open on September 10, 2018, a public issue of Secured, Redeemable, Non-Convertible Debentures of face value of Rs. 1,000 each (“Secured NCDs”) up to Rs. 6,00,000 lakh and Unsecured, Subordinated, Redeemable, Non-Convertible Debentures of face value of Rs. 1,000 each (“Unsecured NCDs”) up to Rs. 1,50,000 Lakh aggregating up to Rs. 7,50,000 Lakh (“Tranche I Issue”). The base issue size of Tranche I issue is Rs. 200,000 lakh with an option to retain oversubscription up to Rs. 750,000 lakh (“Shelf Limit”). Read more

T-Series Channel Bhakti Sagar celebrates 10 million subscribers on YouTube

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

After adding more than 50 million subscribers to its main channel, T-Series adds another feather to its cap by crossing 10 million subscribers on its devotional channel T-Series Bhakti Sagar on YouTube. The traction for T-Series content is unprecedented.

T-Series is well-known for its devotional content, the foundation of which was laid by its founder Sh. Gulshan Kumar. Since then the music label has been continuously making the mark to the top.

T-Series Bhakti Sagar is dedicated to bring an experience of divine spirituality comprising a huge catalogue of bhajans across different Indian faiths.

With more than 3 billion video views; its audience base spread across India, US, Canada UK, UAE, Australia, Mauritius, Nepal etc. T-Series Bhakti Sagar channel has expanded its presence across multiple digital platforms and now reaches more than 1.5 million digital consumers a month uploading on an average 150 videos per month. Read more

CreditAccess Grameen Limited: Initial Public Offer to open on August 8, 2018 and to close on August 10, 2018

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Udaya Kumar Hebbar, Managing Director and Chief Executive Offier, CreditAccess Grameen Limited at the announcement of the upcoming IPO of CreditAccess Grameen Limited

CreditAccess Grameen Limited (the “Company”), proposes to open on August 8, 2018, an initial public offering of equity shares of Face Value of Rs. 10 each (“Equity Shares”) for cash at a Price per Equity Share (including a Share Premium) (“Offer”) comprising a fresh issue of up to [●] Equity Shares aggregating up to Rs. 6,300 million (“Fresh Issue”) and an offer for sale of up to 11,876,485 Equity Shares by the Promoter, CreditAccess Asia N.V. (“Promoter Selling Shareholder” and such offered shares, the “Offered Shares”) (“Offer For Sale”).

The Bid/Offer Period closes on August 10, 2018. The Company and the Promoter Selling Shareholder in consultation with the BRLMs, may consider participation by Anchor Investors in accordance with the ICDR Regulations. The Anchor Investor Bidding Date shall be one Working Day prior to the Offer Opening Date.

The Price Band for the Offer is from Rs. 418 to Rs. 422 per Equity Share. Bids can be made for a minimum lot of 35 Equity Shares and in multiples of 35 Equity Shares thereafter.**

The Equity Shares are proposed to be listed on BSE and NSE.

The Book Running Lead Managers (“BRLMs”) to the Offer are ICICI Securities Limited, Credit Suisse Securities (India) Private Limited, IIFL Holdings Limited and Kotak Mahindra Capital Company Limited. Read more

Cathay Dragon celebrates 10 years of passenger flight operations from Bengaluru to Hong Kong

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Cathay Dragon celebrates 10 years of passenger flight operations between Bengaluru and Hong Kong on 02 July 2018. Since flights were launched in 2008, more than 800,000 passengers have travelled from Bengaluru and approximately 32,000 tons of cargo have been carried.

Cathay Dragon began daily flights in 2008 operating an Airbus 330-300 aircraft. The launch of flights to Bengaluru marked the first time for Cathay Dragon to operate flights from India. Read more

DIL Ltd. announces split from F.V. 10 to F.V. 5 and bonus in 1:1 ratio

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

DIL Ltd. (BSE: DIL) today announced that the Board of Directors at its meeting held on June 18, 2018 has recommended the split/sub-division of shares of the Company from face value of Rs.10 (Rupees Ten) each to face value of Rs. 5 (Rupees Five) each, and issue of Bonus equity shares in the proportion of 1:1. The same is subject to the approval of the shareholders and the record date/s for the split/sub-division and bonus will be intimated in due course.

 

As part of its overall Business Restructuring exercise, the Board also announced that it has called for a separate Board Meeting on June 21, 2018 to consider scheme of Amalgamation between the Company and its subsidiary, Fermenta Biotech Limited.

 

In addition, the Board has also recommended to alter the Objects Clause of MOA to allow the company to conduct the business of sustainable environmental solutions either on its own or through collaboration.

 

The company announced that rationale behind the split is to improve the liquidity of the Company’s equity shares and to make them more affordable for the small retail investors who want to invest in the Read more

CoinTribe, a MSME lending marketplace, raises US$ 10 Million from Sabre Partners and existing investors

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

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CoinTribe, India’s leading credit based lending marketplace for MSMEs, announced on [Date] that it has raised over US$ 10 million equity capital in Series-B round led by Sabre Partners along with participation from existing investor, Puneet Dalmia.

As a credit based marketplace, CoinTribe offers unsecured term as well as working capital financing to small businesses, which are risk assessed using an online lending algorithm. Gurugram based CoinTribe is a niche player in small business segment and stands differentiated with its robust online credit risk assessment capabilities, which has found strong acceptance with its lending partners. CoinTribe is India’s only lending marketplace which has back-tested its credit algorithm with leading private banks in the country and has so far partnered with leading banks and NBFCs, which include Axis Bank, Yes Bank, RBL Bank, DBS, IIFL, Clix Capital and SMC Capital. Apart from lending through the marketplace CoinTribe is the only player whose technology platform is being used by 4 private and foreign banks on a white labelled basis.

 

With this round of funding, total equity capital raised by CoinTribe has increased to over US$ 15 million. CoinTribe plans to use this additional capital to further enhance capabilities of its proprietary online credit algorithm, expand to new markets and further develop technology to enable faster and nimble product and credit model innovation. Read more

Times Music & Speed Records Collaborate: YouTube Channel Hits 10 Million Subscribers!

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Times Music, one of India’s leading record labels and music publishers, and Speed Records, the leading music label in Punjab, join hands to offer their audience a wider choice of music and help grow the Punjabi music genre across India and in global markets. An initiative started in December 2017, Speed Records YouTube channel, with the help of its partnership with Times Music, now hits 10 million subscribers on YouTube. Read more

Mr Amitabh Bachchan blog completes 10 iconic years today!

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

The most read blog of India by Amitabh Bachchan has completed 10 longs years today; on April 17, 2018. He began to write it on this day in 2008, and today it marks 10 fantastic years of the blog, that has inspired million and created lot of excitement and news with his writing.

 

Today is the 3676th Day and Mr Bachchan has been blogging every day without a break for 10 years ..!!

 

From playing a 102 year old character in his upcoming 102 Not Out with Rishi Kapoor releasing on 4th May.. to writing Blog non-stop for 3676 days .. Mr Bachchan never fails to amaze us! Read more