Wednesday, February 3, 2021

Post budget views of Mr. George Alexander Muthoot, MD, Muthoot Finance

Post budget views of Mr. George Alexander Muthoot, MD, Muthoot Financce 

The 2021-22 budget has laid clear emphasis on economic growth and the financial services sector will play a crucial role in achieving the development goals of the government. Among the several business friendly announcements, some that stood out for us include net rationalisation of customs duty on gold by 2.5% which should bring more gold into the country through official channels and incentivising purchase of affordable homes by extending eligibility period for claiming additional deduction of interest paid of Rs. 1.5 lakh to 31st March 2022. Increasing FDI limit in insurance to 74% from 49% is another progressive announcement that will bring more investments and activity in this sector. Lastly, reflective of the importance of the MSME sector, the government has provided Rs. 15,700 cr for it, double of last year’s budgeted estimate and we stand steadfast with the MSMEs, individuals and entrepreneurs of India in financing and enabling their Atmanirbhar Bharat ambitions.”




 


The three outspoken women of bollywood Kangana Ranaut, Swara Bhaskar and Chahatt Khanna

The three outspoken women of Bollywood Kangana Ranaut, Swara Bhaskar, and Chahatt Khanna.

chahatt Khanna has joined the bandwagon of a generation of fiery women. They speak their minds and then let their work do the talking. Chahatt is all hearts and bravery. She speaks her mind, stands up for the people she believes in and the morals she believes in. She is a single mother and has turned the momentum for her effect and it is paying dividends. She is an actress, entrepreneur, and mother. Does this qualify her to be a superheroine?? Well, she is one. She is strong and soft. She is steady and she has got the stride in to walk the talk. Kangana and Swara have time and again stuck their tongues out for what they believe in. Now Chahatt is doing the same. It's been a good triumvirate.

This is what chahatt has to say, "We are in a generation where we can't take things lying low. Things have changed so much especially after the advent of the internet. We need to go fast and we need to go steady. I can't back things that aren't working for long and be in the false pretext that it will be fine. I take the responsibility to change things and that has really helped me. I am totally accountable for the things in and around me and it starts and ends with taking responsibility. I am lucky to be seen as an inspiration and I really hope people stand up for themselves and for the beliefs they have.  The world is here to be won."

The stakes are high and Chahatt is flying higher. We are proud of her and we are closely following what she is up to.







Monday, February 1, 2021

हास्यजत्रेचे पडद्यामागील हास्यजादूगार येणार मंचावर - सचिन मोटे आणि सचिन गोस्वामी सादर करणार धमाल स्किट

हास्यजत्रेचे पडद्यामागील हास्यजादूगार येणार मंचावर - सचिन मोटे आणिसचिन गोस्वामी सादर करणार धमाल स्किट

महाराष्ट्राची हास्यजत्रा हा कार्यक्रम गेली दोन वर्षे प्रेक्षकांचे मनोरंजन करत आहेहास्यजत्राने प्रेक्षकांच्याही मनात हक्काचं स्थान निर्माण केलं आहेया सर्व स्किट्स मागे अनेकांची मेहनत आणि कष्ट असतात लेखकदिग्दर्शकतंत्रज्ञ असे अनेक लोक या मागे मेहनत घेत असतातस्किट्सच्या माध्यमातून कलाकार बऱ्याचदा त्यांचा उल्लेख देखील करतातअशीच दोन नाव म्हणजे हास्यजत्रेचे पडद्यामागील हास्यजादूगार सचिन मोटे आणि सचिन गोस्वामी ही लेखक-दिग्दर्शकाची जोडी गेला एक दशकभर प्रेक्षकांचं मनोरंजन करतेयसोनी मराठीसाठी या जोडीने महाराष्ट्राची हास्यजत्रा या कार्यक्रमाची निर्मिती केली आणि हा कार्यक्रम प्रेक्षकांच्या गळ्यातलं ताईत झाला.

येत्या आठवड्यात पडद्यामागील हे हास्यजादूगार सचिन मोटे आणि सचिन गोस्वामी मंचावर एक स्किट सादर करणार आहेतसर्व कलाकार या सादरीकरणाने खूपच आनंदी आहेत आणि हा एपिसोड बघण्यासाठी उत्सुकही आहेत.

पाहामहाराष्ट्राची हास्यजत्राबुध.-गुरूरात्री  वाफक्त आपल्या सोनी मराठी वाहिनीवर.




Shree Sanjay Gauri Nandan Shree Siddhivinayak aarti sang by Amitabh Bachchan has crossed 100 million like

Shree Sanjay Gauri Nandan Shree Siddhivinayak aarti sang by Amitabh Bachchan has crossed 100 million like  



The most talented and versatile  music director sherr Sanjay Gauri Nandan who has been the reason behind Shree Amitabh Bachchan musical album Shree shiddhivinayak mantra and aarti 

Shree Sanjay Gauri Nandan is a musical artist who works with many legendary singers like Mahendra Kapoor, Shreya Ghoshal, Asha Bhosle, Hari om Sharan, Kavita Krishna Murthy, Anuradha paudwal, jaspinder narual , manhar udhes , Kumar shanu , Alka Yagnik , Abhijeet Sawant , Javed Ali.  ect 
his new song Shree shiddhivinayak sang by amtabh bachchan cross 
100, million likes and 4, thousand songs already released . 
and he is also composing album laod krishan with lengendary singer with also upcoming krishanaotsva spiritual mazagin. 

sanjay guari nandan . 









Shriram City Union Finance Ltd. declares December 2020 results

Shriram City Union Finance Ltd. declares December 2020 results 

Mumbai, January 29, 2021: Leading Small Business financier Shriram City Union Finance Limited (Shriram City) has declared its results for the quarter and nine months ended December 2020 of Financial Year 2021.

In a strong quarter, disbursements more than doubled sequentially. SME loans, new Two Wheeler loans, and Gold loans which together comprise almost 89% of the loan book saw sequential disbursement growth rates of 186%, 133%, and 24% respectively. New Two Wheeler loan disbursements were at their highest ever. Gold loan disbursements were at their highest in fifteen quarters. Assets under Management rose by 3.7% sequentially. Loan yields further improved to 20.53% (versus 19.99% in the previous quarter and 19.84% a year ago). Standalone Net Profit was higher by 8.9% sequentially. Asset quality continued to improve steadily, with Gross Stage 3 levels at 6.46% (versus 6.67% in the previous quarter and 8.51% a year ago). Credit costs were lower by 38 basis points than last quarter’s levels. Borrowing costs moderated further, and Net Interest Margin at 13.09% was the highest in eight quarters. Subsidiary Shriram Housing Finance Ltd., registered their highest-ever quarterly disbursements, having grown 54.1% year-on-year and 15.1% sequentially. Assets under Management for Shriram Housing grew 49.4% annually and 12.9% over the last quarter.

 Mr. Y.S. Chakravarti, MD& CEO, Shriram City Union Finance said, “This has certainly been one of our better quarters in recent times. However, Q3 was the festival season quarter which usually sees us perform strongly.  We will now endeavor to keep up the momentum gained. The quarter saw us scale up our lending across products, and we continue to see further headroom in lending to segments critical to the economy, such as MSMEs. This quarter too saw us further improve our asset quality. Our Housing Finance subsidiary continues to forge ahead, and registered their highest ever disbursements in Q3.”

 About Shriram City Union Finance Ltd. (BSE: SHRMCITY, NSE: SHRIRAMCIT): The thirty-four-year-old Shriram City Union Finance Ltd. is among the more important players in the retail financing space. The company is among the largest financiers of MSMEs and Two Wheelers in the country. It also offers multiple loan products for acquiring assets such as commercial vehicles, passenger vehicles, and homes. In addition, it offers loans against gold ornaments and for personal consumption.  A deposit-accepting NBFC, Shriram City is a part of the over Rs. 1 Lac crore Chennai-based Shriram Group.

For More InformationAdfactors PR: 


Bank of India rolls out Visa Signature International Contactless Debit Card

Bank of India rolls out Visa Signature International Contactless Debit Card

Mumbai, January 30, 2021: Bank of India (BOI) has rolled out Visa Signature International

Contactless Debit Card for its customers in both metal and plastic variants.

With the introduction of this new debit card, BOI customers shall enjoy a higher per day spending limit of Rs

5.00 lacs at PoS, Rs.2.00 Lakhs for an e-commerce transaction, Rs 1.00 lakh cash withdrawal from ATM, and Rs. 5,000 for contactless transactions.

The card comes with the additional benefit of complimentary lounge access, rewards points on card PoS

and e-commerce usage, insurance against the unauthorized transaction, and offers on travel, retail,

dining, lifestyle, entertainment, and luxurious hotels.

The new card is issued to high net worth customers maintaining an average quarterly balance of Rs

10.00 lakhs and above in saving and current account.



Zuluk Mandhare

 Zuluk Mandhare












Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face value of ₹10 each Fresh Issue Size - Up to 98,97,000 Equity Shares OFS size - Up to 13,50,000 Equity Shares Total Size - ₹ 150.71 Crore (At Upper Price Band) Price Band - ₹ 126 - ₹ 134 per share Lot Size – 111 Equity Shares Mumbai, September 21, 2026 - Adroit Industries (India) Limited is a vertically integrated manufacturer of propeller shafts and torque-transmission components with over four decades of operational experience, serving automotive, primarily commercial vehicles, and non-automotive applications, including defence and emergency services, heavy equipment and off-highway machinery and industrial equipment across more than 32 countries, proposes to open its Initial Public Offering on Wednesday, September 23, 2026 aiming to raise ₹ 150.71 Crores (At Upper Price Band), with shares to be listed on the BSE & NSE. The offer size is up to 1,12,47,000 Equity Shares with a face value of ₹10 each with a price band of ₹126 - ₹134 Per Share. Equity Share Allocation QIB Portion – Not more than 50.00% of the Offer Non-Institutional Investors - Not less than 15.00% of the Offer Retail Individual Investors - Not less than 35.00% of the Offer The net proceeds from the IPO will be utilized for funding capital expenditure by the company towards procurement of machinery and equipment for enhancement of operations at the Dewas Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in its subsidiary Adroit Driveshafts Private Limited for capital expenditure towards machinery and equipment at the Pithampur Facility and transportation vehicles for movement of goods between the manufacturing facilities, investment in the subsidiary for repayment or pre-payment, in full or in part, of certain outstanding borrowings availed by it, and general corporate purposes. The anchor bidding is on Tuesday, September 22, 2026. The offer will open on Wednesday, September 23, 2026 and will close on Friday, September 25, 2026. The Book Running Lead Manager to the Offer is Choice Capital Advisors Private Limited and the Registrar is Bigshare Services Private Limited. Mr. Saurabh Sangla, Chairman and Managing Director of Adroit Industries (India) Limited “expressed, The upcoming IPO marks a new phase for the Company. Over the years we have built vertically integrated capabilities spanning forging, precision machining, heat treatment, assembly, balancing and testing, and expanded our portfolio to over 5,000 SKUs of driveline components supplied to customers in more than 32 countries. Going forward, our focus will be on strengthening capacity across our manufacturing facilities, improving operational efficiency, deepening engagement with the Distributors, OEMs and Tier-1 customers across our export and domestic markets and broadening our automotive and non-automotive applications. The IPO will support our plans as we continue to strengthen the business and pursue long-term growth.” Mr. Ratiraj Tibrewal, Director of Choice Capital Advisors Private Limited said, “Adroit Industries (India) Limited has built an export-led driveline business over four decades, with vertically integrated manufacturing and a diversified customer base across automotive and non-automotive applications. The upcoming IPO marks an important step in the Company’s journey as it enters the public markets. We believe the Company’s integrated manufacturing capabilities, long-standing customer relationships and expanding product portfolio provide a foundation for its next phase of growth. We are pleased to be associated with Adroit Industries (India) Limited as it takes this step towards becoming a publicly listed company.” About Adroit Industries (India) Limited Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts – also known as drive shafts or cardan shafts – and related torque-transmission components. Its portfolio spans over 5,000 SKUs of driveline components, including propeller shaft assemblies, yokes, shafts, companion flanges, universal joints and accessories, supplied to automotive applications, largely commercial vehicles and SUVs, and to non-automotive applications spanning defence and emergency services, heavy equipment and off-highway machinery and industrial equipment. The Company operates three manufacturing facilities in Madhya Pradesh – Dewas Facility i.e for die making and forging processes, Pithampur Facility for machining and assembly, operated by its subsidiary Adroit Driveshafts Private Limited, and Sanwer Road Facility for certain finishing operations– with end-to-end in-house capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing. The facility is certified under IATF 16949, ISO 9001, ISO 14001 and ISO 45001. With operations commencing in 1966, the Company has evolved into an export-led driveline components manufacturer, with 95.39% of Fiscal 2026 product sales derived from outside India across more than 32 countries, supported by a Canadian subsidiary for North American customer engagement, and serving 185 customers in Fiscal 2026 through distributors, Tier-1 driveline component suppliers and OEMs. In FY26, The Company achieved a Revenue from operations of ₹1,399.43 million, EBITDA of ₹387.10 million & PAT of ₹261.58 million. Disclaimer: Certain statements in this document that are not historical facts are forward looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks, and many other factors that could cause actual results to differ materially from those contemplated by the relevant forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

Adroit Industries (India) Limited IPO Opens on Wednesday, September 23, 2026 Total Offer Size- Up to 1,12,47, 000 Equity Shares of face valu...