CHENNAI PLUS

Piramal Capital & Housing Finance Ltd. (Piramal Finance), a wholly-owned subsidiary of Piramal Enterprises Ltd., has partnered with Digital India’s Common Service Centers (CSCs) to meet the lending needs of Bharat by improving access to formal credit for underserved individuals and MSMEs.   Through this collaboration, over Rs. 100 Cr. has been successfully disbursed in August 2024 to boost credit availability in semi-urban areas, providing essential financial products such as home and business loans. By leveraging CSC's extensive network of over 6 lakh centers, this initiative aims to support budget customers in tier 2 and tier 3 cities, effectively addressing the financial needs of underserved regions and advancing financial inclusion.   Jairam Sridharan, Managing Director, Piramal Capital & Housing Finance Ltd., said, “This milestone reflects our commitment to serving the budget customers of Bharat by making credit more accessible. Our partnership with CSC allows us

Dental products company Laxmi Dental Ltd has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO).   The IPO is a combination of a fresh issue of equity shares worth Rs 150 crore and an offer for sale (OFS) of 1.28 crore shares by promoters and other shareholders, according to the draft red herring prospectus (DRHP) filed last week.   As a part of the OFS, investor OrbiMed Asia II Mauritius Ltd will offload shares of the IPO-bound company.   Besides, the company may consider raising Rs 30 crore in a pre-IPO placement round. If such placement is completed, the fresh issue size will be reduced.   Proceeds from the fresh issue will be kept aside for investment in subsidiary Bizdent Devices, purchase of new machinery for the company, payment of debt and for general corporate purposes.   Laxmi Dental, an end-to-end integrated dental products company, has a comprehensive portfolio that includes custom-made crowns and b

Quality Power Electrical Equipments Limited (Quality Power) has filed its Draft Red Herring Prospectus (DRHP) with market regulator, SEBI. The Company plans to raise funds through initial public offering (IPO) of equity shares (face value ₹ 10 each) comprising fresh issue aggregating up to ₹2,250 million (₹225 crores) and offer for sale (OFS) up to 12,000,000 Equity Shares.   Quality Power is an Indian player serving global clients in about 100 countries in critical energy transition equipment upto 765kv and power technologies and provides high voltage electrical equipment and solutions for electrical grid connectivity and energy transition. The Company specializes in the provision of power products and solutions across power generation, transmission, distribution, and automation sectors. Notably, the Company’s product portfolio contributes to advancing decarbonization efforts, sustainability, and green energy initiatives.   As per a report by Care, Quality Power is among the few g

The Climate Pledge announced a new joint action project – JOULE (Joint Operation Unifying Last-mile Electrification) – with its signatories and industry partners to build a new network of shared electric vehicle (EV) charging stations in Bengaluru, India. Co-founded by Amazon and Global Optimism in 2019, The Climate Pledge is a commitment to achieve net-zero carbon emissions by 2040 – 10 years ahead of the Paris Agreement. Pledge signatories and partners will collectively invest over US$2.65 million into the project by 2030. Amazon, Mahindra Logistics, Uber, HCLTech and Magenta Mobility will work together to optimise the usage of the EV charging stations, combining the charging needs of their EV fleets to ensure the infrastructure is well utilised. Industry partner Kazam, an India-based EV charging platform, will build the network of shared charging stations. The project will also be supported by renewable energy provider Greenko and strategic consulting partner Deloitte. “Together

Chennai: Lava International Ltd., the leading Indian smartphone brand in its latest addition to the Blaze series, introduced Blaze 3 5G . The new smartphone is engineered to elevate the 5G smartphone experience with segment’s-first Vibe light feature, MediaTek D6300 5G processor, Glass back finish and dual stereo speakers. The Blaze 3 5G is launched in two colour variants namely Glass Gold and Glass Blue priced at INR 9999 inclusive of bank discounts. The phone will be available on Lava e-store and Amazon starting 18 th September 2024. Mr. Sumit Singh, Product Head, Lava International Ltd. , said “Blaze 3 5G, the latest offering in the Blaze series is designed to enhance the smartphone experiences with better camera capabilities, vibe light and a good processor in the entry segment. Enabling a premium product experience has been our key focus area as we believe it is time to cater to the larger consumer base with quality and value. The introduction of the 'Vibe Light' in th

Star Health and Allied Insurance Company Limited (Star Health Insurance) and Policy bazaar announced the launch of ‘SUPER STAR' , a personalised long-term health insurance plan which is customer-centric in nature with an objective of delivering greater customer value. This game changer product is designed to meet the evolving needs of policyholders and offers unparalleled flexibility and customization. The long-term 5-year policy term for individuals and families alike. Commenting on the product launch, Mr. Sarbvir Singh, Joint Group CEO, PB Fintech , said “With healthcare costs escalating, the need for flexible, comprehensive health insurance has never been more critical. SUPER STAR meets that demand by allowing customers to choose coverage that grows with them, making it a true game changer in the industry. We’re thrilled to partner with Star Health Insurance to make this modular health insurance solution available to millions of Indian households, ensuring they have financial

Godrej Professional, the professional hair care brand with products in hair care, colour, styling, and keratin under Godrej Consumer Products Limited (GCPL), unveils the Surreal Collection , India's first hair colour range inspired by the world's most stunning natural wonders . This innovative range features captivating shades co-curated by Shailesh Moolya, National Technical Head at Godrej Professional, and Yianni Tsapatori, Creative Director of Godrej Professional, capturing the essence of nature's palette and offering a fresh perspective on how natural beauty can enhance personal style. Each shade in the Surreal Collection has been meticulously crafted to bring these iconic landscapes to life, allowing individuals to experience the beauty of the world through their hair.   As the festive and wedding seasons approach, the Surreal Collection ensures that your hair will be the perfect complement to every outfit and occasion. Featuring four distinct hair colour looks, each

9 As part of ICWO – Abhay Dan Trust initiative Installation of 2nd Water Dispenser inaugurated at Om Maha Ganapathi Temple, Thangam Colony, Anna Nagar West, Chennai was inaugurated by Mr.T.V.Shemmozhi, Counsillor Ward 104 followed by distribution of Cool Butter Milk, Water Melon & Cucumber for the public to beat the heat waves in Chennai started on 14th September 2024.  Speaking on the occasion Mr.A.J.Hariharan, Secretary- ICWO said the 1st Water Dispenser in Asiad Colony was installed and it is well utilized by lot of people and well maintained. Based on the success, we have installed the 2nd Water Dispenser at Thangam Colony, Om Maha Ganapathy Temple, Anna Nagar, Chennai-600040. He also mentioned that with support of Abhay Dan Trust ICWO implemented  various project benefiting poor and multiple marginalized people in Chennai.   In the presence of Mr.R.K.Puviarassu, Deputy Area Engineer, Chennai Metro Water and Sewerage Board and Ms.S.R.Nivetha, Assistant Engineer, Chennai Metro W

Chennai: LG Electronics, India’s leading Consumer Durable brand, is set to light up this Diwali with its ‘India Ka Celebration’ Mega Consumer promotion. Designed to add extra cheer to the festive season, the promotion includes gifts worth 51 Crore and a chance for customers to win a LG Dream Home Package every day, which includes premium Consumer durables such as a Side-by-Side Refrigerator, OLED TV, Front Load Washing Machine, Microwave Oven, Water Purifier & Air Conditioner.   LIFE’S GOOD offers   As part of the Life’s Good offers, customers can enjoy up to 26% cashback on select models, with discounts of up to INR 26000. To make purchasing more convenient, LG is offering down payments as low as INR 1 and easy EMI options on select models, with fixed EMIs starting at INR 888.   Additionally, customers who purchase an InstaView Side-by-Side Refrigerator will receive a free MINI Refrigerator worth INR 11999.   TV buyers can benefit from a 3-year warranty on select models

Ventive Hospitality Limited (Formerly known as ICC Realty (India) Private Limited), a hospitality asset owner with a primary focus on luxury offerings across business and leisure segments, has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”). The Company’s initial public offering comprises of a fresh issue of Equity Shares of face value of ₹1 each aggregating up to ₹2000 Crores. The total offer size comprises of up to Equity Shares of face value of ₹1 each aggregating up to ₹2000 Crores. Ventive Hospitality Limited, formerly known as ICC Realty (India) Private Limited was founded as the hospitality division of Panchshil Realty, a real estate conglomerate based in Pune which has a presence across the commercial, retail, luxury residential and data center segments. In 2017, pursuant to the acquisition of a 50% stake in the company, BRE Asia (formerly known as Xander Investment Holding XVI Limited), an affiliate of

Chennai: Castrol India Limited, a pioneer in automotive lubricants, has expanded its Auto Care product range with the introduction of two new additions, the Castrol Microfibre Cloth and the Castrol Shiner Sponge. These additions complement the existing range of Castrol Chain Cleaner, Castrol Chain Lube, Castrol 3-in-1 Shiner, Castrol 1-Step Polishing Compound and Castrol Anti-Rust Lubricant Spray.   The Castrol Microfibre Cloth is a valuable addition to the vehicle maintenance category. Its advanced microfibre technology and durable construction effectively capture dirt, dust, and liquids without leaving behind residue or lint. The cloth’s superior water absorption and retention capabilities minimise the need for frequent changes, while its quick-drying properties help prevent bacterial growth and odors. Versatile and easy to use, the Castrol Microfibre Cloth can also be employed for household cleaning tasks, such as cleaning glass windows, microwave ovens, and refrigerators.   Th

    Price band fixed at ₹ 249 to ₹ 263 per Equity Share of face value of ₹ 10 each (“ Equity Share ”) ·          Bid Offer will open on Monday, September 16, 2024 and close on Thursday, September 19 , 2024. The Anchor Investor Bid / Offer Period shall be Friday, September 13, 2024 ·          Bids can be made for a minimum of 57 Equity Shares and in multiples of 57 Equity Shares thereafter. National September 11, 2024: Northern Arc Capital Limited ( “Northern Arc” or “The Company” ) , shall open its Bid/Offer in relation to its initial public offer of Equity Shares on Monday, September 16, 2024. The initial public offering comprises a fresh issue of Equity Shares aggregating up to ₹ 5000 million (the “ Fresh Issue ”) and an offer for sale of up to 10,532,320 Equity Shares by the Selling Shareholders (the “ Offer for Sale ” and together with the Fresh Issue, the “ Offer ”) The price band for the Offer is at ₹249    to ₹263 per Equity Share. ( “The Price Band” ). A discount

    Report ‘Fast Tracking Justice: Role of Fast Track Special Courts in Reducing Case Backlogs’ shows Fast Track Courts are much more efficient than other courts in rape and POCSO cases. ·          The Report recommends making all FTSCs functional and adding 1000 more to the list, failing which the country would never get rid of the piling backlog ·          Disposal rate of such cases across all courts was 10%, while it was 83% in FTSCs across India in 2022. ·          One rape or POCSO case per 3 minutes – this is the required disposal rate to clear the backlog in one year. ·         In the wake of the findings of a recent report by India Child Protection suggesting that Fast Track Special Courts (FTSCs) are the only way for rape and sexual abuse survivors to seek justice, ICWO - Indian Community Welfare Organisation has appealed to the state government to ensure that more FTSCs are established for the speedy delivery of justice. The report, ‘Fast Tracking Justice: Role of

Chennai, India – 11 September, 2024 : CEAT, India’s leading tyre manufacturer, today announced the inauguration of it’s best in class Truck Bus Radial (TBR) production line at their Chennai manufacturing plant.   The new line will progressively reach a production capacity of 1500 tyres daily over the next 12 months and marks a significant milestone in CEAT’s drive to expand its footprint in international markets. The new TBR line complements CEAT’s existing production capabilities, including the manufacture of premium Passenger Car Radial (PCR) tyres and Motorcycle Radial (MCR/MCS) tyres . This expansion ensures that CEAT is well-positioned to meet the growing demands of high performance vehicles both in the domestic and international markets, all while maintaining its leadership in safety, sustainability, and digital innovation. Arnab Banerjee, Managing Director & CEO, CEAT , highlighted the strategic importance of the new TBR line, stating, "The inauguration of the Truc