Archive: February 28, 2023

Lohia Auto Industries showcases its EV range at UPITEX, eyeing UP market for expansion

Lucknow, 28 February 2023: Lohia Auto Industries, India’s first EV manufacturer, participated in the Uttar Pradesh International Trade Expo (UPITEX) and showcased its existing and upcoming range of electric vehicles (EVs) at the Lucknow Auto Show. The company’s latest offerings received an overwhelming response from visitors and industry experts alike.

Lohia Auto is looking at the Uttar Pradesh market in a big way and is set to open 50 new dealerships in the state over the next five years. The company’s decision to focus on the UP market is based on the state’s growing demand for EVs, as registrations of electric two- and three-wheelers have risen by a staggering 3700% in Lucknow alone over the last five years.

During the UPITEX, Lohia Auto showcased its completely “Made in India” EVs, including its popular xxxx and xxxxx models, as well as its upcoming range of last-mile connectivity products. The company’s R&D team is working proactively to develop innovative, efficient, and long-lasting EVs to meet the increasing demands of the domestic and international markets.

Lohia Auto’s entry into the Uttar Pradesh market comes at a time when the adoption of EVs has become critical for the state. Lucknow is undertaking steps to adopt e-mobility under the Smart Cities Mission of the Ministry of Urban Development, and the city is looking to adopt EVs aggressively as it faces a huge challenge in maintaining deteriorating air quality.

Ayush Lohia, CEO of Lohia Auto Industries, stated, “Platforms such as UPITEX provide a great opportunity for brands like us to connect with the industry, consumers, and the government, all under one roof. We are thrilled to be a part of this expo and look forward to demonstrating our commitment to innovation and sustainability through our range of electric vehicles.”

“The awareness and demand for electric vehicles are at an all-time high right now, and we are thrilled to be part of this dynamic market. Our participation in UPITEX, which is one of its kind platform for brands to showcase the Indian technology, has given us a great opportunity to showcase our existing and upcoming range of electric vehicles. Our vision is to provide clean, emission-free mobility to people, and we believe that the Uttar Pradesh market is crucial for us to realize this goal. Lucknow, being the city with the highest density of vehicles in India and facing the challenge of deteriorating air quality, has become a key market for us. With the state’s favorable policies, increasing fuel prices, and rising demand for electric vehicles, we are confident that we can make a significant contribution to the adoption of e-mobility in the region.” Added Mr Lohia

With its participation in UPITEX, Lohia Auto Industries is leading the way in promoting the adoption of Indian technology and is committed to developing innovative, efficient, and long-lasting EVs for the domestic and international markets

Somany Ceramics opens its first showroom in Tilhar, Shahjahanpur- Uttar Pradesh

 Feb’23: Somany Ceramics Limited, an internationally acclaimed organization, specializing in ceramics and allied products segments, is known to be a leader in design and innovation has opened its first Somany Studio- M.A Marble and Tiles, in Tilhar- Shahjahanpur, Uttar Pradesh.

Spread over to an area of 2400 sq. Ft, the store is a one-stop solution for all tile needs with an extensive selection of in-stock, trend-right flooring options. The outlet aspires to provide all the benefits to our customers with its widest and most extensive range of Somany wall and floor tiles, Sanitary and bath Fittings across all major categories. Consumers will be able to touch, feel and experience the range of tiles at the showroom, enabling the brand to strengthen its credibility quotient.

The new exclusive store was inaugurated by Mr. Amit Sahai Dy. CEO- Somany Ceramics Limited along with Mr. Anil Kumar Singh, Senior AGM Somany Ceramics Limited. Speaking on the launch Mr. Amit Sahai said that “We are thrilled to introduce our store in Shahjahanpur- Uttar Pradesh which offers unmatched service and quality flooring at economical prices. Expanding our retail footprint gives us a chance to support our community and tell customers about our premium collection equipped with advanced technology. He further added we look forward to developing our product portfolio and meeting consumer requirements.”

CREDAI joins hands with NIPUN to bring a transformational change by Upskilling the Construction Workers

28 February 2023: TheUnion Budget 2023 pushed for a focus on upskilling programs as the central government announced that PMKVY 4.0 will be launched to skill lakhs of youth and set up 30 Skill India International centers across different states to train youth for international opportunities. Initiatives such as this can be fruitful for a country like India as labor-intensive sectors like real estate contribute around 7% of the country’s GDP. A skilled labor force is imperative for the real estate industry to grow and CREDAI has enrolled more than7000 workers under the NIPUN (National Initiative for Promotion of Upskilling of Nirman workers) Initiative, a unique upskilling program for the construction workforce under the Ministry of Housing & Urban Affairs, Government of India.

The real estate industry is the second largest employment generator in India, and not only provides a livelihood for unskilled / semi-skilled – helpers, masons, bar benders, etc but also provides jobs that are long-term as an average construction cycle varies from 3-5 years. The most important element that decides the pay of construction workers is the level of experience which is also directly proportional to the additional skills that they are adept with. The need for skilled labor is expected to rise even as the economy is on the way to a K-shaped recovery and the nation is experiencing a development renaissance. Therefore, it is crucial to introduce certain programs for the workforce and other more specialised industries, the opportunity to upskill and climb up the value chain from an unskilled helper to more technically proficient responsibilities.

The Government and MoHUAthrough implementing agencies have identified skill shortages in the current construction workforce and have taken an initiative to train them in content that is specially developed with workers’ individual needs in mind. A nationally recognised certificate is awarded to NSDC following an 80-hour training program and third-party assessment conducted by the construction skill council. This certificate gives the labor force, who has never received any official training or skilling—a sense of pride and confidence. Initiatives like NIPUN can be deemed as the need of the hour and the real estate industry stands to benefit from such initiatives of the Government of India.

“The Government echoed CREDAI’s sentiment towards the need for upskilling as they announced the budget for FY 23-24. The welfare of construction workers has been at the core of CREDAI’s values, and we have been working continuously toward their empowerment. It gives me immense pleasure to announce that more than 2 lakh construction workers have benefitted from our skilling initiatives since 2011 and under the NIPUN initiative, we plan to upskill 20,000 workers. We thank MoHUA for rolling-out NIPUN when the construction sector in India is growing at a rapid pace” Mr. Harsh VardhanPatodia, President of CREDAI, said.

While CREDAI has been actively working to upskill our workforce for more than 10 years, they have been able to make a substantial difference through their efforts as they skilled 2 Lakh workers and youth helped them climb up the ladder and become proficient in their job roles. The NIPUN Initiative is a progressive endeavor for the skill development of the construction sector workforce.

Mrs International Super Queen 2023

Bengaluru 28th Feb 2023: Mrs. International Super queen 2023 will be held on the ground, and we are highly excited to explore the known and unknown talents of all the applicants. The registrations will close soon, so hurry and grab this opportunity; we are already amazed at the pouring response!

As we soon proceed to the next phase, the MRS INTERNATIONAL SUPER QUEEN Organization is proud to announce that a panel of experts has been locked and is assigned the most tedious and challenging task to shortlist a selected few from each state who make it through the first cut. But rest assured, ladies, at the end of this journey, we will choose the representatives with a sense of confidence, purpose, and drive to make a difference.

Mrs. Priyanka Upendra ( Jury) and Veena Jain – National Director of International Beauty Pageants(Mrs. India Globe Title in 2017.

Mrs. International Super Queen 2023 is a beauty pageant for married women that celebrates and respects the accomplishments of a wife, daughter, and mother. MISQ empowers married Indian women to showcase their real beauty, strength, intelligence, and personality. We believe in giving women a platform to fulfill their dreams and work towards their goals with determination, perseverance, and integrity. We excel in managing events that bring out the best in women. Our pageants are not simply to find a prize winner but to show women that they are all winners. Through this and several such events, we empower our women to embrace vulnerability with self-confidence and a firm belief in themselves. We promise all our contestants a fair and genuine competition. We give them an experience of a lifetime and an opportunity to meet with lifelong friends. Our winners will have the opportunity to compete internationally.

MISQ is a national event for the most talented, qualified & deserving married women. The event is open to all married women irrespective of their profession, religion, race, color, height, and weight.

Category 1-Super Queen(up to 45 years)- Category 2- Super queen classic(45 years and above). 2 Days grooming session on 3rd & 4th March 2023 By Celebrity stylist RAJESH SHETTY.

WHEN AND WHERE :
Date – Sunday 5th March 2023

Time-9:00 am onwards
Venue Location – Shangri-la(Krishan Hall ) Bangalore.
Address – No. 56, 6B, Palace Rd, Abshot Layout, Vasanth Nagar, Bengaluru, Karnataka 560001

IRM Energy and Lohia Corp gets SEBI nod for IPO

New Delhi, 28th February 2023:– Cadila Pharma-backed IRM Energy Limited, is a city gas distribution (“CGD”) company in India, engaged in the business of laying, building, operating and expanding the city or local natural gas distribution network and Kanpur-based Lohia Corp is a global leading manufacturers of machinery and equipment used in the production of technical textile, in particular for manufacturing polypropylene (“PP”) and high density polyethylene (“HDPE”) woven fabric and sacks (“Raffia”), with a global market share of 17.5% across all Raffia machinery and more than 28.7% for machines used in PP/ HDPE fabric making have received their final observation from the capital markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO).

IRM Energy and Lohia Corp had filed preliminary IPO papers with Sebi on December 14 2022 and September 29, 2022 respectively.

IRM Energy’s public issue with a face value of Rs 10 per equity share is a complete fresh issue of up to 10,100,000 equity shares.

Lohia Corp’s public issue with a face value of Re 1 per equity share is a complete offer-for-sale (OFS) of up to 31,695,000 equity shares by the existing shareholders.

IRM Energy Limited (IRMEL) in order to capitalize on synergetic its business opportunities, has entered into a strategic and technical partnership with Shizuoka Gas Co. Ltd, Japan (“ShizGas”) fourth largest gas company in Japan by natural gas sales volume, by infusing capital through a private placement in IRMEL. On the other hand, in order to achieve business integration, it invested in Farm Gas Private Limited, Venuka Polymers Private Limited Ni Hon Cylinders Private Limited. Additionally, it has signed a memorandum of understanding (“MoU”) with Mindra EV Private Limited for setting up an electric vehicle (“EV”) charging infrastructure at DODO Stations and COCO Stations for a period of five years, with a vision of transitioning of becoming an energy oriented company.

Lohia Corp also manufactures winders and rewinders for high-performance fibres such as carbon fibre, glass fibre, and artificial grass. The packaging of cement, fertiliser, chemicals, polymers, food grains, minerals, shopping bags, leno bags, FIBCs, and container liners are just a few examples of the products made utilising its machines that are employed in a variety of sectors. They are also utilised in non-packaging applications, such as wrapping fabric, roof underlayment, lumber wrap, pond liner, tarpaulin, geotextile, geogrid, ground cover, carpet backing, ropes, and twines.

HDFC Bank Limited, and BOB Capital Markets Limited are the book-running lead managers for IRM Energy and ICICI Securities Limited, IIFL Securities Limited, HSBC Securities and Capital Markets (India) Private Limited, and Motilal Oswal Investment Advisory Limited are the book-running lead managers for Lohia Corp.

‘ReDefine’s India Expansion Continues with the Launch of 6th studio in Trivandrum’

India, February 2023: ReDefine, a global VFX and animation company providing high-quality, tailored creative services to studios, filmmakers, and streaming companies, has announced the launch of its sixth studio in India, located in Trivandrum. Launching the latest studio in India marks a significant step in the company’s continued expansion in the region and is part of ReDefine’s vision of redefining the art of VFX and Animation. The new studio will create exciting job prospects for professionals in the field while elevating the VFX and Animation industry with high-quality content. With its state-of-the-art infrastructure, the new studio in Trivandrum will enable ReDefine to cater to the growing demand for VFX and Animation services, both domestically and internationally.

Increased usage of OTT and new streaming platforms has led to a rise in demand for content; this new location will be vital to the company’s mission to provide world-class visual effects and animation services to its global clientele.

The studio will be led by a senior group of artists and technicians, who will collaborate with the company’s global teams to bring long-form animated episodic work and special projects to life.

“At ReDefine, we are constantly pushing the boundaries of what’s possible in the world of VFX and animation,” said Rohan Desai, Managing Director, ReDefine. “We have more projects on our plate than ever before, and our new office in Trivandrum is set to play a significant role in our global network of studios. This exciting expansion will bring our clients’ imaginative ideas to life and further solidify our reputation as a leading player in the industry. With this new move, the company is poised for even greater success in the years to come.”

Speaking on the launch of the new office, Mr Manu PK, Head of CG, ReDefine, said, “We’re thrilled to tap into Trivandrum’s talent pool and provide opportunities for artists and technicians. Our talented team, combined with the wealth of creative talent in the region, will allow us to produce animated content like never before. The growing demand for premium content presents a huge opportunity for us, and we are confident that our Trivandrum studio will be a major boon in our global network of studios.”

Speaking on the launch, Sajeer Abdul Salam, Head of VFX for ReDefine Trivandrum, said, “I’m thrilled to be part of our new VFX office and to showcase our exceptional visual effects to an even wider range of projects and clients. Our team is dedicated to pushing the limits of what’s possible, delivering outstanding results and setting new standards of excellence in the VFX industry. We work closely with clients to bring their visions to life, leveraging cutting-edge techniques and state-of-the-art technology to stay ahead of the curve. Together, we’re well-positioned for even greater achievements, and I’m eager to see the incredible projects we’ll create.”

The current headcount at ReDefine Trivandrum is 140+ employees, and the company expects the number to grow with the launch of the new office. ReDefine’s talented team of artists and technicians have been instrumental in delivering several groundbreaking and innovative projects in the VFX and animation industry, making the company a highly sought-after partner for clients across the world.

Senco Gold & Diamonds Is Now Great Place To Work Certified

February 28, 2023 – Senco Gold & Diamonds has been a Great Place To Work® Certified™ in India for the period January 2023 to January 2024. Senco Gold & Diamonds, which is a pan-India jewellery retail player with a history of more than five decades and the largest organized jewellery retail player in the eastern region of India has received this prestigious award for the first time.

Great Place To Work is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting, and insights they need to make strategic people decisions. The Institute serves businesses, non-profits, and government agencies in more than 60 countries and has conducted pioneering research on the characteristics of great workplaces for over three decades.

Suvankar Sen, MD & CEO, of Senco Gold & Diamonds, said, “We at Senco Gold & Diamonds have always believed in being an equal opportunity employer and we strive to maintain diversity in our employee base. Senco Gold & Diamonds has always promoted inclusivity and supported the causes of the LGBTQ+ community regularly. The Great Place To Work Certification™ is a testament to the trust that our 2000+ employees have reposed in us. And this trust by our employees who are Senco’s face for our customers has ensured that we are featured consistently in the league of the most trusted jewellery brands”

In India, the institute partners with more than 1400 organizations annually across over 20+ industries to help them build High-Trust, High-Performance Cultures designed to deliver sustained business results. Hundreds of CEOs and CXOs from India Inc. are part of the great place community that is committed to the vision of making India a Great Place To Work For All.

The Institute’s research shows that great workplaces are characterized by great leadership, consistent employee experience, and sustainable financial performance. These organizations can deliver a consistent experience to all their employees irrespective of their role, gender, tenure, or level. Their leaders believe in the vision of creating and sustaining a Great Place To Work For All and role models for all leaders.

Shyam Steel ropes in Vijay Devarakonda as its Brand Ambassador

New Delhi, February 2023: Shyam Steel, one of the leading producers and manufacturers of primary TMT bars, has announced today that it has roped in leading Indian actor Vijay Devarakonda as its brand ambassador. The group also announced its major plans to expand and revamp its retail operations across the Andhra Pradesh and Telangana markets followed by other states in South India. Vijay Devarakonda is the newest member to be added to the pantheon of famous endorsers for Shyam Steel. The Andhra and Telangana markets have huge growth potential for the steel sector, and Shyam Steel will aim to be one of the leaders in the primary TMT bar segment across the region.

Commenting on the association with Vijay Devarakonda, Mr. Lalit Beriwala, Director, Shyam Steel Industries Limited said, “We are delighted to associate with Vijay Devarakonda. Vijay’s persona resonates with our brand vision and this association with him will not only help us in building a presence in the southern market but also increase our brand penetration and awareness across the country due to his pan-India fan following. We are confident that his onboarding as an ambassador will help us to collaborate and engage better with our target consumers in the national markets.”

On associating with Shyam Steel, Vijay Devarakonda said “I am happy to join hands with Shyam Steel whose brand vision resonates with me. I am super excited to start our journey and be part of exciting new campaigns for the brand. I look forward to a long and fulfilling partnership through this association”.

The Southern India market has witnessed steady economic growth in all the core sectors of the economy. Focus of the State Governments on infrastructural development, construction of urban and rural housing, roads, bridges, and creation of more irrigation facilities will contribute towards the growth of the steel business in the region. Incidentally, Telangana is one of the fastest-growing states in India posing an average annual growth rate of 13.90% over the last five years. The growth rate in Andhra Pradesh is also 13.14% with per capita income increased to Rs.1,22,376 and GSDP standing at 3.64%. All these factors are the main driving reason for Shyam Steel to expand its business in the region.

Shyam Steel plans to onboard more than 500 dealer distributor networks in the Andhra Pradesh and Telangana markets in the next 5 years’ time. The Group’s business activity will also drive the immense potential for employment generation which will increase as per the growth of the business in the region. The Group is very bullish on its growth potential and will be effectively looking to enter in all districts and be a part of every household assisting them to build their dream home. The brand will soon launch a 360-degree campaign highlighting the association with Vijay Devarakonda