All posts by K S Krishna

NHC Foods Limited, a leading exporter of agricultural commodities and spices, is emerging as a hot pick for investors seeking exceptional returns. The recent Rs. 47 crore rights issue, oversubscribed by a staggering 3x, has reinforced market confidence in the company’s promising growth trajectory. This response showcases the strong trust investors have in NHC Foods’ strategic direction and management.

The company’s 4:1 rights issue, priced at just Re. 1 per share, offered shareholders an unparalleled opportunity to boost their equity at a bargain. With proceeds channeled towards enhancing working capital and repaying secured loans, NHC Foods is poised to amplify profitability and operational efficiency, ensuring robust shareholder value.

Impressive Financial Performance
NHC Foods’ financial performance for H1 FY25 speaks volumes about its growth momentum. The company recorded a fantastic half-yearly net profit of Rs. 405.97 lakh in just six months of FY25, almost doubling the full-year net profit of Rs. 234.74 lakh achieved in FY24.

Net profit surged by 377% to Rs. 205.08 lakh in September 2024 compared to Rs. 42.95 lakh in September 2023.
Revenue climbed significantly, up 60.25% to Rs. 6639.18 lakh in September 2024 from Rs. 4142.39 lakh in the same period last year.
For the quarter ending June 2024, net profit jumped by 391% to Rs. 200.88 lahks from Rs. 40.9 lahks in June 2023, with revenue rising by an impressive 73% to Rs. 7424.88 lakh from Rs. 4269.91 lahks in June 2023.

Leading Brands and Global Reach
The 3 Star Export House, NHC Foods, with exports to over 30 countries, is renowned for its signature brands Indi Bite, Eat’mor, and Saaz. These brands have cemented the company’s reputation in both domestic and international markets. Market analysts predict a potential tenfold increase in the stock price within six months, making NHC Foods a compelling buy. This optimistic projection is underpinned by the company’s investments in technology, product innovation, and expansion into new international markets.

“We are committed to delivering sustainable growth and value to our shareholders,” said the company management said. “The overwhelming response to our rights issue is a testament to the trust our investors place in us. With enhanced working capital and reduced debt, we are ready to seize new growth opportunities and strengthen our market presence.”

January 6th, 2025: Wardwizard Innovations & Mobility Limited, one of the leading manufacturers of electric vehicles under the brands ‘Joy e-bike’ and ‘Joy e-rik’, has signed a Memorandum of Understanding (MoU) with C4V, a New York-based lithium-ion battery technology company specialized in battery cell design and optimization. This strategic partnership marks a significant milestone toward advancing battery technology and enhancing the performance of electric vehicles, aligning with India’s vision for green mobility.

The collaboration aims to develop advanced battery cells customized to meet the specific performance requirements of Wardwizard Innovations’ electric vehicle portfolio, including high-speed scooters and three-wheelers. Leveraging C4V’s expertise in high charging cycle battery pack architecture and cells, insights into the right chemical combinations, and breakthroughs in highly stable LFP (Lithium Iron Phosphate) batteries optimized for India’s climatic conditions, the partnership promises to deliver high-performance battery solutions for electric vehicles.

Under the MoU, Wardwizard Innovations and C4V will work together to define product specifications, develop prototypes, and conduct rigorous testing to ensure superior performance and reliability. Additionally, the partnership highlights a shared commitment to localizing manufacturing in India, supporting the ‘Make in India’ initiative while fostering innovation in sustainable energy solutions.

Speaking on the occasion, Mr. Yatin Gupte, Chairman & Managing Director of Wardwizard Innovations & Mobility Limited, said, “This partnership with C4V Holdings LLC is a milestone in our journey to revolutionize the EV ecosystem. By collaborating on cutting-edge battery technology, we aim to deliver innovative and sustainable solutions for our customers while contributing to India’s green mobility vision. This MoU reaffirms our commitment to localization and advancing technological capabilities in the EV industry.”

On this occasion, Dr. Shailesh Upreti, CEO of C4V, said, “We are excited to partner with Wardwizard Innovations to bring our advanced battery technology to India. This collaboration provides C4V with a valuable opportunity to establish supply agreements not only in India but also in other key regions. By leveraging Wardwizard’s expertise and market presence, we aim to deliver high-performance battery solutions that drive innovation and growth for both companies while supporting the global transition to sustainable energy.”

This partnership positions Wardwizard Innovations and C4V as key players in the development of advanced EV batteries, with plans to localize production in India while catering to global markets. By leveraging their expertise and resources, the two companies are poised to accelerate the adoption of electric mobility, contributing to a cleaner and more sustainable future.

January 06, 2025: The second day of the five-day cultural festival, HARVEST: Rhythms of the Earth, unfolded at Bharat Mandapam, New Delhi, with a captivating blend of cultural expressions. Part of the ongoing Grameen Bharat Mahotsav, organized by NABARD under the aegis of the Department of Financial Services, HARVEST is conceptualized by Sanjeev Bhargava of SEHER. It celebrates the theme ‘Taking Rural India Forward,’ showcasing India’s diverse folklore, artistry, and musical traditions that reflect the essence of its heartland.

Day 2 began with the meditative resonance of Shankh Vadan by the Subahe Banaras Group from Uttar Pradesh, creating a serene ambiance. This was followed by the evocative melodies of Kashmiri Folk & Sufi Music by Noor Mohammad Shah, which brought the ethereal beauty of Kashmir to life. The rhythmic and acrobatic Pung Cholom by Priti Patel & Group from Manipur added an energetic twist, leaving the audience in awe. The day concluded on a spiritual high with the soul-stirring Sufiana Qawwali by Ustad Chand Afzal & Group from Delhi, earning resounding applause.

Sanjeev Bhargava, Founder and Director of Seher, added, “HARVEST is where the soul of rural India finds its voice. Each performance is a story that transcends time, blending ancient traditions with modern narratives. Day 2 has brought audiences closer to the incredible artistry and resilience of rural communities, reaffirming the festival’s mission to honor and sustain these cultural treasures.”

As the Grameen Bharat Mahotsav continues, HARVEST offers three more days to explore the essence of rural India. With its vibrant performances and interactive exhibits, the festival creates a unique space to celebrate and connect with the nation’s rich cultural heritage.

This cultural festival promises to captivate audiences with dazzling performances in Hall No. 14 at Bharat Mandapam, running daily from 5:30 PM to 08:00 PM until January 08, 2025

6 January 2025: As the celebratory wedding season takes off, Forevermark presents a sophisticated range of jewelry for the modern bride, blending timeless elegance with versatility. The Millemoi, Avaanti, Icon, and Forevermark Setting collections are thoughtfully designed for the contemporary bride, effortlessly transitioning from wedding celebrations to everyday moments. These versatile pieces are ideal for every milestone, from bachelorette parties and pre-wedding shoots to haldi, sangeet, and engagement cocktails, becoming cherished heirlooms for years to come.

The Millemoi collection, inspired by individuality and heritage, features swirls of gold held together with a sparkling natural Forevermark diamond, symbolizing the many layers of tradition and personal expression. Perfect for intimate gatherings like pooja or haldi and modern celebrations like a bridal shower, Millemoi captures the essence of a bride’s journey.

The Avaanti collection, bold and contemporary, celebrates women who carve their paths. With its signature sweeping silhouette and radiant Forevermark diamond, these pieces, available in yellow, white, or rose gold, complement vibrant events like a lively Sangeet or a relaxed pre-wedding shoot, reflecting the spirit of a confident bride.

For those seeking timeless sophistication, the Icon collection offers designs inspired by the brilliance of the night sky. These exquisite diamond pieces enhance traditional ceremonies like Mehendi and Pooja with understated elegance, making them a perfect choice for brides who value classic beauty.

The Forevermark Setting Collection showcases craftsmanship and elegance. Each piece is designed to highlight the beauty of diamonds with delicate settings and careful attention to detail. Perfect for brides who prefer simplicity, this collection is ideal for intimate ceremonies like Pooja, as well as grand celebrations such as the wedding reception, Rehearsal Dinner, or Engagement Cocktails. This collection adds a touch of luxury to any occasion.

Forevermark’s collections celebrate the strength, individuality, and love of every bride, offering versatile jewelry that transcends fleeting trends. With designs that honor each moment of a bride’s journey, these diamonds become timeless treasures, adding elegance and meaning to life’s most cherished memories.

06, January 2025: PVR INOX, India’s largest and most prestigious cinema chain, announces the re-release of the iconic film Kaho Naa… Pyaar Hai on January 10, 2025, as a celebration of its 25 years. This special occasion also celebrates two significant milestones: 25 years of Hrithik Roshan’s stellar career in Indian cinema and his birthday on the same date.

Released in January 2000, Kaho Naa… Pyaar Hai, directed by Rakesh Roshan, marked the debut of Hrithik Roshan and instantly became a historic blockbuster, propelling him to superstardom. The film also marked the debut for Ameesha Patel and featured a star cast of names like Anupam Kher, Farida Jalal, Satish Shah, Mohnish Behl, Dalip Tahil, Ashish Vidyarthi, Vrajesh Hirjee amongst others. The film’s engaging narrative, unforgettable performances, and chart-topping music continue to hold a special place in the hearts of fans, both in India and around the globe. The music of the film was composed by the legendary music director Rajesh Roshan.

Talking about this celebration, Hrithik Roshan said, “It’s surreal to realise that 25 years have passed since Kaho Naa.. Pyaar Hai! This milestone is both humbling and motivating, to be blessed with the opportunity to live my dream of being an actor, every day since the last two and a half decades is truly a blessing. Kaho Naa… Pyaar Hai was my first film and will always hold a special place in my heart. I Thank PVR INOX for celebrating the occasion by bringing back the film to theatres.”

Rakesh Roshan, the producer & director of the film, shared, “It’s a momentous occasion for me as a Producer, Director and Father that Kaho Naa.. Pyaar Hai is being celebrated after 25 years. Revisiting the film brings back so many memories, and looking back I feel grateful to the cinema going audience for giving all the love to my film as well as Hrithik. It’s hugely rewarding as a filmmaker to hear Kaho Naa.. Pyaar Hai songs play at events & parties even today. I’m happy to witness the film being celebrated with a re-release coinciding with Hrithik’s birthday, it’s an incredibly sweet gesture by PVR INOX.”

Niharika Bijli, Lead Strategist at PVR INOX, said, “Hrithik Roshan is one of the finest talents in Indian cinema and has consistently showcased his versatility through a range of characters. From his iconic dance moves to his unforgettable performances, he has left an indelible mark on the hearts of fans. We are thrilled to bring back Kaho Naa… Pyaar Hai to the big screen as a part of our re-release strategy. This initiative allows Gen Z to explore older films that have shaped our pop culture. Kaho Naa… Pyaar Hai is one such classic, released in 2000 during a period when multiplexes were emerging and audience tastes were evolving. A fan favourite, the film resonated with people across all demographics. We can’t wait for the audience’s reaction as we celebrate the 25 years of the film and one of our biggest stars, Hrithik Roshan.”Following the overwhelming success of recent re-releases, PVR INOX continues its commitment to reviving iconic films for modern audiences. The cross-generational appeal of these cinematic treasures ensures they remain an integral part of India’s cultural narrative, uniting fans in shared nostalgia and joy.

With unforgettable songs like “Na Tum Jano Na Hum” and “Ek Pal Ka Jeena,” along with a unique love story, Kaho Naa… Pyaar Hai promises a captivating experience for viewers as it returns to theatres nationwide, including PVR INOX’s luxurious The Luxury Collection (TLC) screens.

Mark your calendars for January 10th, 2025, and join us in celebrating 25 glorious years of Hrithik Roshan. Relive the magic of Kaho Naa… Pyaar Hai at a PVR INOX near you and be a part of this unforgettable cinematic journey.

Bhubaneshwar, 06 January 2025: In line with its commitment to revolutionizing farm mechanization for small and marginal farmers, VST Tillers Tractors Ltd, one of India’s leading farm equipment manufacturers, showcased its range of innovative products at Krushi Odisha 2025. One of the key attractions at the mela is the VST 165 DI Electric Start Power Tiller.

The penetration of farm machinery to small and marginal farmers is comparatively low in India because mechanization depends a lot on the land size, topography, and crop requirements. With the size of farms shrinking, and landholdings getting divided, small and marginal farmers are looking for mechanization in their farms, that are less than 1 hectare in size. VST Tillers Tractors Ltd, over the years, has introduced a range of products for the small and marginal farming community and Power Tiller is the best solution, enabling such farmers to get maximum productivity from the field by its versatile operation and lowest cost of ownership.

VST Tillers Tractors Ltd. which has over 60% market share in the power tiller industry, is committed to providing world-class products at an affordable price to Indian farmers. The goal is to enable farmers to mechanize at an affordable cost, at a time when farming costs are increasing, and labour is scarce. VST 165DI ES offers effortless electric start, adjustable tilling depth, compact design, low maintenance, and environment-friendly operation, making it an ideal companion for Indian farmers.

VST 165DI ES comes with exciting features including Electric Start for effortless starting, Digital Hour Meter to help the working hours and timely service and maintenance, Sit & Ride Comfort for the farmers to work uninterruptedly on the field for longer periods, Wider Rotary for better productivity in less time, Aerodynamic Design that gives an aesthetic look and helps in improving overall performance, Powerful High-performance 857cc engine that delivers exceptional power and efficiency and LED Head Lamp that saves energy and give better lighting while working on the field in late hours.

VST 165 DI ES 16 HP Electric Start Power Tiller is good for professional landscaping and passionate farming, this Tiller is the ultimate tool to achieve outstanding results with ease.

VST displayed all its products underthe  SFM category ranging from 2 HP to 16 HP while a wide range of tractors is also available from 17 HP to 50 HP. The products were appreciated by the farming community and willing to explore profitable ventures in this Farm implements segment. VST’s range of products is widely used for both dry & wet land operations, Inter-cultivation, Earthing-up, Land preparation, etc. Although smaller in size, these products are available with multiple attachments to handle the growing demands of mechanization in Sugarcane, Turmeric, Vegetable Crops, Horticulture Crops, and Floriculture & Plantation Crops at very affordable costs.

Krushi Odisha is a three-day event being held at the Biju Patnaik Playground in Baramunda, Bhubaneswar from 3rd January to 5th January 2025. The theme of Krushi Odisha 2025 is, “A Step Towards Sustainable Food System” with a focus on Climate Smart Agriculture, Organic Farming, and Water Governance. This three-day program, organized by the Government of Odisha, will showcase and leverage the great potential of the State and enormous investment opportunities in Agriculture, Horticulture, Food Processing, Fisheries & Animal Husbandry Sectors. This year’s exhibition is expecting a footfall of > 30,000 farmers & farm women, SHGs, FPOs, NGOs, Pani Panchayat members, Agri-entrepreneurs, Exporters, students, research scholars, and manufacturers from different corners of the State.

Pune, 6/1/24: Gargi by P N Gadgil & Sons (PNGS), a distinguished name in the fashion jewellery realm, is ringing in the New Year with a promise of growth and accessibility by announcing the opening of two new franchise stores. Gargi has opened its seventh store in the vibrant Kapil Vihar, Pitampura, and its eighth store in the bustling Pimple Saudagar in Pune. These latest additions signify Gargi’s commitment to expanding its footprint and bringing exquisite jewellery to a wider audience.

The Pimple Saudagar store is located in a dynamic neighbourhood known for its mix of professionals and families, making it ideal for showcasing the brand’s elegant collections. Meanwhile, the Delhi store in Kapil Vihar, Pitampura, marks Gargi’s entry into the nation’s capital. With its cultural richness and bustling community, this vibrant area provides a perfect backdrop for the brand’s modern yet traditional offerings.

As franchise stores, these new outlets reflect Gargi’s growing market presence and highlight the company’s focus on empowering local entrepreneurs. Each store offers an exclusive range of designer collections that seamlessly combine affordability, elegance, and superior craftsmanship, catering to the diverse preferences of today’s customers.

Speaking about this, Aditya Modak, co-founder of Gargi by P N Gadgil & Sons, stated, “As we step into a promising New Year, these store openings represent more than just expansion—they reflect our vision to make premium, accessible jewellery a part of everyday life across India. Pimple Saudagar and Kapil Vihar are perfect additions to our growing network, and we look forward to creating meaningful connections with our customers in these communities.”

Since its inception, Gargi by PNGS has been redefining the fashion jewellery market with innovative designs that cater to modern style preferences while honouring traditional craftsmanship. With a growing presence across Maharashtra and now Delhi, the franchise model plays a major role in the brand’s expansion strategy. Supported by the legacy of P N Gadgil & Sons, a company with an annual turnover exceeding INR 10,000 crore, Gargi is well on its way to achieving its ambitious goal of a 100-crore revenue target by March 2025.

The openings in Pune and Delhi mark the beginning of an exciting chapter for Gargi as it sets its sights on further growth and innovation in 2025. With a focus on customer-centric design and immersive brand experiences, Gargi is poised to redefine the Indian fashion jewellery landscape, one milestone at a time.

ICRA has released its new corporate film – Redefining Business Landscapes with Insights and much more – highlighting its journey over the last three decades with an expanding bouquet of offerings spanning Ratings, Research, Risk Analytics, and Data Services. The film features the key highlights and achievements of the Company since its inception in 1991.

The film reveals significant milestones in the growth story of ICRA including expansion of services, forging global partnerships, strengthening international footprint, consolidation of non-rating businesses under ICRA Analytics, embracing technological advancements, and foray into ESG ratings.

The company’s journey of excellence is further strengthened by its relationship with Moody’s, the largest shareholder, which allows it to leverage global expertise while remaining focused on the unique needs of the Indian market across the field of Ratings, Research, Risk Analytic,s and Data Services.

ICRA’s research services span over 60 industries, providing comprehensive analysis and real-time insights with its ‘Credit Perspective’ reports offering valuable insights and catering to the needs of various entities, including banks, mutual funds, insurance companies, private equity firms, venture funds and corporates. The company’s strong presence across India and its ability to deliver comprehensive insights, has helped empower investors and lenders to make informed investment decisions, in a rapidly changing financial world.

The company’s subsidiaries – ICRA Analytics and ICRA ESG Ratings – have carved a niche for themselves in their respective domains. While ICRA Analytics operates at the forefront of Risk Management, providing cutting-edge tools for risk analytics in Banks, NBFCs, Insurance cos, AIFs, and other such entities; through ICRA ESG Ratings, it strives to help businesses and investors make informed decisions for a greener and more responsible tomorrow.

The film also captures the meaningful impact the company creates through its range of CSR initiatives in education, skill development and women empowerment aligning with the United Nations Sustainable Development Goals, reflecting its dedication to fostering a positive change in the communities it serves.

End-to-End Hospitality Consultancy SKYE has recently compiled a report on India’s top 10 potential branded residence markets across Tier-2 cities. The study which has been carried out in partnership with real estate advisory 360 Realtors, offers some incisive analysis & inputs on the potential of branded residence amongst a bunch of Tier-2 cities.

Commenting on the methodology of the ranking, Ms. Taran Chhabra, Director SKYE, suggested that we have adopted a robust weighted average methodology to rank the numerous cities. Some of the key criteria considered are area, population, per capita income, growth rate of premium properties, availability of major hospitality chains, etc. Based on the criteria, an aggregate score has been given to each city to rank them accordingly.

India’s branded residence market pegged at INR 27000 crores, is largely limited to Tier-1 cities, with NCR alone contributing 54% of the supply lines. However, the market can proliferate to Tier-2 cities in the future as there is visible demand. The Tier-2 market in India has seen phenomenal growth in recent years, marked by a growing appetite for aspirational, luxury, and professionally managed living. The concept of social opulence coupled with brand consciousness and overall well-being is now seen in such cities as well, which means possible potential for branded homes to take off.

Topping the list is Panaji, which offers a perfect balance between a vibrant metropolis and a quant Portuguese-style township. Panaji is dotted with premium retro bars, sleek cafes, casinos and swanky villas & apartments. Likewise, it is also home to old cathedrals, monuments, and idyllic bakeries & food joints.

It is strategically placed with MOPA (annual capacity 4.4 million) and Dabolim airports (annual capacity 13 million). The scenic town has been party to Goa’s bombastic rise on global tourism and hospitality map. The average per capita income of Panaji is close to ~ 6 lakhs, probably one of the highest in India. Shimla follows Panaji in the list. The hill station is the bastion of second homes and rental villas in North India. Branded residence can add one more layer to its evolving luxury home landscape.

“The hill station, which is also fondly called Queen of the Hills is known for its spellbinding valleys, majestic Himalayan peaks, and pine forests. Luxury property prices have reached ~ INR 13,000/ sq. ft. in H1 2024, rising sharply from 2021, when it was around ~ 7,860/ sq. ft. Shimla and its nearby regions such as Chail and Solan has ample potential for branded homes, second homes, holiday villas, service apartments. There already are plenty of hotels including Novotel, Oberoi, IHCL, Radisson Blue, Grand Hyatt, etc. which further makes it a potential ground for branded homes to thrive.” Quoted, Mr. Ankit Kansal (MD, SKYE).

Next comes to Cochin (3), Indore (4) and Chandigarh (5). This is followed by Jaipur. The Pink City or Jaipur, located at 5 hours’ drive from NCR, is a bustling ground for tourism, hospitality, trade and commerce. A globally recognized destination, it receives around ~ 250,00 foreign tourists each year. Jaipur is also a potential ground for IT, ITeS enterprises, GCCs, etc. As 46% of Delhi Mumbai Industrial Corridor (DMIC) falls in Rajasthan, Jaipur will be a great economic beneficiary of the mega plan. Price of premium properties have crossed INR 12,000/ sq. ft. in 2024, growing at a CAGR of 8.4% since 2021.

Other major cities in the list are Ahmedabad, Lucknow, Ludhiana, and Bhopal, in the same order.

“India’s Tier-2 cities offer a compelling story for branded homes to develop and prosper. The gaps with metros are blurring as new crop of affluent households are emerging in Tier-2 cities as well. These include family business houses, self-run business owners, seasoned investors, expats, corporate honchoes, etc. This is translating into increased demand for unique lifestyle and meaningful social interactions. Homebuyers are now willing to pay extra to get access to top-class amenities just like major metros.” Added Mr. Kansal.

Mumbai, 06 January 2025: In a significant move to ensure the health, safety, and well-being of its business partner communities and other members, Allcargo Gati Limited (formerly Gati), India’s leading Express Distribution and Supply Chain Management company, has conducted free eye care camps at its logistics parks in Ambala, Bilaspur, Farukhnagar, and Bhiwandi. This initiative reflects the company’s commitment to the health, safety and well-being of its business partner communities, highlighting the critical role of vision health in promoting road safety and operational efficiency.

The camps facilitated comprehensive eye check-ups for over 213 operational team members, each undergoing comprehensive eye examinations conducted by experienced medical professionals. A total of 76 operational executives were diagnosed with vision issues and provided with free corrective spectacles. Additionally, all participants were equipped with first-aid kits, reinforcing the company’s emphasis on safety and preparedness.

This initiative addressed a significant health challenge faced by business partners that can directly influence road safety. By ensuring timely intervention and providing necessary resources, Allcargo Gati has actively contributed to reducing potential risks, enhancing performance, and improving the quality of life for its workforce.

Mr. Ketan Kulkarni, Managing Director, Gati Express and Supply Chain Pvt. Limited (GESCPL), remarked, “Our partner communities are integral to our operations and vital to the broader economy. These eye care camps reinforce our commitment to their safety, health and morale, equipping them to undertake their roles with greater confidence and security.”

Dr. Nilratan Shende, Head of CSR at Allcargo Group, added, “At Allcargo Gati, operational team’s welfare is a cornerstone of our CSR initiatives. Their health and safety are not only crucial for their well-being but also for ensuring safer roads for everyone. This initiative exemplifies our ongoing dedication to fostering a secure and supportive workplace.”

This initiative is part of Allcargo Group’s broader Corporate Social Responsibility (CSR) programs, which focus on healthcare, environmental sustainability, education, and community upliftment. The group’s holistic approach to CSR underscores its dedication to creating a positive impact on society while driving sustainable growth.

Allcargo Gati aims to enhance the overall health and safety of its workplace and will continue organising similar programs in the future to support and empower employees, ensuring a healthier and more productive workplace.