Category: Business

New Delhi [India], September 18: Urvi Kulkarni, a young author with literary excellence, has recently been awarded the prestigious Maharashtra Gaurav Puraskar – Kavya Ratna by the Pahaat Foundation, Chatrapati Samnjajinagar. This award is a significant recognition of her exceptional contribution to the world of poetry and literature. Known for her captivating verse, profound expression, and unique style, Urvi has steadily gained a reputation as one of the emerging authors and poets in modern times in India.

A Journey of Passion and Dedication

Urvi Kulkarni’s journey into the world of poetry began at a young age. Born in Indore and raised in Mumbai, she grew up surrounded by her home’s rich cultural and linguistic traditions. Her early exposure to literature, combined with a deep sense of observation and emotional depth, led her to explore poetry as a medium of self-expression. Over the years, she honed her craft, drawing inspiration from everyday life, human emotions, nature, and societal issues.

Her poetry, often reflective and contemplative, has touched the hearts of readers across the state. Urvi has a rare gift for translating complex emotions into simple yet powerful words, making her work accessible to a wide audience. Whether writing about love, loss, nature, or social challenges, her poems resonate with authenticity and insight, striking a chord with readers from all walks of life. Her poetry book – The Weave of Words is already being appreciated by literature lovers. Urvi has received numerous accolades in literature and has stood third in 16 years and above catagory of an all India poetry compition when she was 16 years old.

The Maharashtra Gaurav Puraskar – Kavya Ratna

The Maharashtra Gaurav Puraskar is one of the most esteemed awards in the state, recognizing individuals who have made outstanding contributions in various fields such as arts, literature, science, and social work. The Kavya Ratna category, specifically dedicated to poetry, celebrates those who have enriched literature through their poetic works.

The Weave of Words

“The Weave of Words” by Urvi Kulkarni is a collection of poems that delves into human emotions, life experiences, and the beauty of everyday moments. The poems often explore themes of love, loss, nature, and introspection, using rich imagery and expressive language. Kulkarni’s style is both reflective and evocative, allowing readers to connect with universal feelings while offering personal insights. Each poem acts as a thread, weaving a larger tapestry of thought and emotion, making the collection relatable yet deeply personal. Urvi has published this book at the age of 17 years.

Looking Ahead

For Urvi Kulkarni, this award marks another milestone in her young career. With such accolades to her name, she remains committed to her craft, constantly evolving as a poet. Her works continue to inspire not only her contemporaries but also the senior generation of poets who look up to her as a beacon of literary brilliance.

As she moves forward, there is no doubt that Urvi Kulkarni will continue to leave an indelible mark in the field of  literature. Her recognition as Kavya Ratna further solidifies her position as one of Maharashtra’s most talented poets, and the literary world eagerly awaits her future creations.

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Gandhinagar (Gujarat) [India], September 17: The Ministry of New and Renewable Energy, Government of India, has successfully organized the 4th edition of the Global Renewable Energy Investors’ Meet and Expo (RE-INVEST 2024) from 16th to 18th September 2024 at Mahatma Mandir, Gandhinagar, Gujarat. A highlight of this prestigious summit was the CEO Roundtable on ‘Accelerating Green Hydrogen Production through Green Jobs in Gujarat’, held on 16th September at 2 PM. This pivotal session was organized by the Government of Gujarat as part of its efforts to contribute to India’s National Green Hydrogen Mission.

Gujarat has long been a frontrunner in the renewable energy sector, positioning itself at the forefront of the green hydrogen revolution. The state has a significant domestic hydrogen demand as well as deep resource capabilities from the supply side, such as abundant RE potential, a dedicated transmission corridor and huge land parcels for setting up a green hydrogen ecosystem.

The roundtable was chaired by Shri S J Haider, IAS, Additional Chief Secretary, Energy and Petrochemicals Department, Government of Gujarat, and focused on Gujarat’s strategic initiatives to advance the green hydrogen ecosystem, with the state targeting the production of 3 million metric tons per annum (MMTPA) of Green Hydrogen. The session emphasized Gujarat’s potential to play a crucial role in the National Green Hydrogen Mission.

The roundtable commenced with a strong reaffirmation of Gujarat’s commitment to developing a robust green hydrogen ecosystem. An insightful Audio-Visual presentation showcased the state’s vast potential in this sector, highlighting the initiatives already undertaken to position Gujarat as a leader in Green Hydrogen production.

“As a state at the forefront of India’s renewable energy journey, Gujarat is committed to accelerating the development of green hydrogen infrastructure. This CEO Roundtable was a crucial step in our mission to collaborate with industry leaders and stakeholders to achieve the ambitious goals set under the National Green Hydrogen Mission. By leveraging Gujarat’s strategic advantages in renewable energy and industrial capacity, we aim to make the state a global leader in green hydrogen production and exports”, said Shri S J Haider, IAS, Additional Chief Secretary, Energy and Petrochemicals Department, Government of Gujarat.

Moderated by Mr. Nishaanth Balashanmugam, Director, Green Hydrogen Organisation, the roundtable facilitated a dynamic discussion on making Green Hydrogen economically viable. Industry leaders from key companies such as ReNew, Hygenco, Goenka Group, and KPMG provided valuable insights into critical factors influencing Green Hydrogen pricing, the strategic advantages of industrial clusters, and the logistical challenges of hydrogen shipping.

The roundtable also featured input from innovative startups like Newtrace and Ossus Biorenewables, which presented fresh ideas on leveraging biomass and wastewater for Green Hydrogen production. These startups added fresh perspectives on scaling up green hydrogen solutions with cost-effective and environmentally friendly technologies.

The roundtable had served as a platform for robust discussions, fostering collaborations between key stakeholders to accelerate Gujarat’s Green Hydrogen ambitions. The participants underscored the importance of collaboration between the government, industry, and research institutions in driving the creation of green jobs and fostering skill development to meet future industry needs.

On the renewable energy side, the senior government officials provided vital data and statistics that showcased Gujarat’s strength and potential in the sector. Gujarat boasts over 12 GW of wind power and 14 GW of solar power capacity, including 4 GW from rooftop solar. It has the highest wind power capacity, the second-highest solar power capacity, and the highest rooftop solar capacity in the country. Gujarat Renewable Energy Policy 2023 policy has paved the way for significant investments, fuelling growth and innovation in renewable energy. As of date, the current RE capacity is over 29 GW and contributes more than 50% share in the overall state’s installed capacity. Gujarat is targeting 100 GW of RE by 2030 and is committed to contributing significantly, with a target of sourcing 50% of electricity requirements from renewable sources by 2030.

The state is focusing on offshore wind, wind-solar hybrid projects, and energy storage systems to promote round-the-clock power. Gujarat is planning to establish a 500 MW offshore wind project in Phase I, supported by the central government’s VGF grant. There is an estimated 30 GW potential for pumped hydro projects in the state, and a PSP policy will be coming.

In his closing remarks, Shri S J Haider reaffirmed the Government of Gujarat’s dedication to advancing the Green Hydrogen agenda. He assured the industry leaders and startups that the state would actively consider their valuable inputs, further strengthening its resolve to lead in Green Hydrogen production while generating new job opportunities in the renewable energy sector.

The CEO Roundtable highlighted Gujarat’s readiness to contribute meaningfully to India’s green hydrogen goals, demonstrating the state’s leadership in driving clean energy solutions and creating a sustainable future.

Jaipur (Rajasthan) [India], September 16: Suvigya Sharma, one of India’s prominent contemporary artists and painters, has been awarded the prestigious ET Young Entrepreneur Award for Excellence in Creative Arts at the 2024 ET Young Entrepreneurs Awards. Held in Jaipur’s Holiday Inn, the event spotlighted Sharma’s unique ability to bridge traditional Indian art with modern practices, highlighting his role in shaping both the artistic and entrepreneurial landscape of the country. Bollywood actor and producer Jimmy Shergill presented the award in collaboration with Optimal Media Solutions, a division of Times Internet Limited, The Times Group.

Known for pushing the boundaries of traditional art forms, Sharma’s recognition at this high-profile event underscores his influence in not only preserving India’s artistic heritage but also introducing it to global audiences. The Economic Times platform annually honors those who have made significant contributions to their fields, and Sharma’s work in blending ancient craftsmanship with modern relevance earned him a spot among the year’s most dynamic entrepreneurs.

Reflecting on his achievement, Sharma remarked, “This award is not just a personal achievement but a recognition of the efforts of the entire team at Art Mahal. We are committed to reviving India’s traditional art forms and providing artists with a platform to showcase their talents.”

Art Mahal, co-founded by Sharma, was originally established by his father, miniature painting maestro R.K. Sharma. Under Suvigya’s leadership, the Jaipur-based studio has become a significant hub for artists preserving and promoting traditional techniques. What began as a family legacy has grown into an art house that now provides employment for hundreds of artisans, ensuring the continuation of these delicate, centuries-old practices.

Sharma’s clientele is as diverse as it is illustrious, boasting names from Bollywood, sports, and the business world. Celebrities like Priyanka Chopra, Kangana Ranaut, Sachin Tendulkar, and business families such as the Ambanis, Bajajs, and Birlas, have all sought his artistry. From intricate portrait miniatures to large-scale frescoes, his work is renowned for both its detail and reverence for tradition.

His restoration work on heritage sites, including Jaipur’s City Palace, Jama Masjid, and the Singapore Art Museum, has further cemented his status as a preserver of cultural history. Sharma has also created artworks for notable global figures like L.N. Mittal, Narendra Modi, Barack Obama, and Hillary Clinton.

Expressing his gratitude, Sharma said, “Art is not just about creation but about connecting with our roots and showcasing the beauty of our heritage to the world. This award is a testament to the timelessness of traditional art, and it motivates me to continue expanding its reach and relevance.”

Beyond traditional mediums, Sharma has ventured into the digital world with his collection of non-fungible tokens (NFTs), which aim to raise awareness about wildlife conservation. His project, Perishious, focuses on endangered species like polar bears and rhinoceroses, using art to bring attention to environmental concerns.

“Art isn’t just about creating something beautiful. It’s about telling stories that resonate and inspire. Through Art Mahal, we’re ensuring that these stories live on for future generations,” Sharma shared, summing up his artistic philosophy.

The ET Young Entrepreneur Award adds another layer of recognition to Sharma’s multifaceted career, celebrating his contributions not only as an artist but also as an entrepreneur who continues to innovate while remaining deeply rooted in India’s cultural heritage.

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Mumbai (Maharashtra) [India], September 16:  Subsidiary of Cressanda Railway Solutions Ltd (BSE – 512379), Cressanda Retail Solutions Pvt Ltd has entered into an exclusive distributorship with Patanjali Peya Pvt. Ltd. This distributorship covers the distribution of the Divya Jal brand of packaged drinking mineral water across the state of West Bengal, as well as specifically within the Railway zones of South-Central and Southern Railways.

Cressanda Retail is currently distributing over 150,000 cases i.e., 18,00,000 bottles of Aqua Diamond mineral water monthly across the eastern zone of Indian Railways. This new partnership with Patanjali Peya Pvt. Ltd. represents a strategic expansion and reinforces our commitment to establishing India’s most efficient food and beverage distribution network. This collaboration will leverage the extensive reach of our parent company, Cressanda Railway Solutions Limited, within the vast Indian Railways network. Company believes that this partnership will significantly contribute to our growth and further our mission of delivering high-quality products across India.

Highlights:-

• This distributorship covers the distribution of the Divya Jal brand of packaged drinking mineral water across the state of West Bengal and Railway zones of South-Central and Southern Railways.
• On 12 September 2024 Cressanda Railway Solutions Limited has secured notable contracts from two distinguished clients: the Directorate of Tourism, Maharashtra, and the Bureau of Indian Standards.
• On Sept 4, Mastermind Advertising Pvt Ltd, a subsidiary of Cressanda Railway received rights for sponsorship of Uttarakhand Metro Rail/PRT/Ropeway Project Investors Summit “B2B” in Singapore
• In Q1FY25 company reported 23.7% rise in revenue to Rs. 17.48 crore and Net Profit grow multi-fold to Rs. 2.02 crore

Recently on 12 September 2024 Cressanda Railway Solutions Limited has secured notable contracts from two distinguished clients: the Directorate of Tourism, Maharashtra, and the Bureau of Indian Standards. These contracts involve the installation of external wraps on 16 express trains and 1 express train, respectively. The selected trains are premium, long-distance services, catering to high-end passengers traveling to various destinations. The use of transit media for promotion highlights a strategic choice by these government organizations to reach a broad audience through visible and impactful advertising. This initiative aims to effectively promote new campaigns and enhance public awareness.

On September 4, 2024 Mastermind Advertising Private Ltd, a subsidiary of Cressanda Railway Solutions Ltd (BSE: CRESSAN), a premier provider of railway auxiliary concierge and digital media services, is pleased to announce its sponsorship of the Uttarakhand Metro Rail/PRT/Ropeway Project Investors Summit “B2B”. The summit will be held in Singapore on October 14-15, 2024, organized by IFET Global Ventures Private Limited.

This summit will gather policymakers, global trade associations, international business and financial leaders, entrepreneurs, and CEOs from both domestic and international corporations. The event aims to foster international business collaborations and advance infrastructure development in Uttarakhand.

In Q1FY25, Cressanda Railway Solutions Ltd reported a 23.7% increase in revenue, reaching Rs. 17.48 crore, compared to Rs. 14.13 crore in Q1FY24. The company’s net profit saw substantial growth, reaching Rs. 2.02 crore, up from Rs. 12 lakh in Q1FY24. For FY 2023-24, the company reported a net profit of Rs. 13.80 crore and revenue from operations of Rs. 204.66 crore.

About Cressanda Railway Solutions Ltd

Cressanda Railway Solutions Ltd is dedicated to improving the railway travel experience through innovative digital solutions and concierge services. Recent initiatives include providing Wi-Fi and COD services on Eastern Railway trains, introducing wheelchair services, and offering pick-up & drop services and on-board sale of non-catering items. For more information, please visit: www.cressanda.com

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Ahmedabad (Gujarat) [India], September 16: Sellwin Traders Ltd and Secorbit FZCO, UAE, have signed an MoU for a $2 million project to develop a blockchain-based tokenisation platform. The platform will enable the tokenisation of equities, bonds, and real-world assets, focusing on scalability, security, and seamless integration with existing financial and blockchain ecosystems. Sellwin Traders Ltd shall develop a comprehensive blockchain-based tokenisation platform over the next 24 months, order which Secorbit FZCO received.

The Board of Directors of the company is scheduled to meet on September 25, 2024, to consider issuing bonus shares and approving a stock split, subject to shareholder and regulatory approval. The board will also review a business proposal focused on potential synergies and forward integration to meet evolving customer needs.

The company has also entered into a Memorandum of Understanding with SDF Productions Pvt Ltd, an agri-export company specializing in spices, pulses, pulp, rice, tea, fruits, and vegetables. Sellwin expects revenue in excess of Rs. 30 crore from the business arrangement with a healthy margins of 35-40%. Under the MoU, Sellwin Traders Ltd will supply agro products to SDF Productions Pvt Ltd, which will then distribute these products to both Indian and international markets based on purchase orders. Sellwin will provide financial support to SDF Productions for procurement from Indian suppliers. Recently, SDF Productions secured several orders for mango pulp, including a USD 259,500 order from Ninety Nine Foodstuff Trading L.L.C, two orders totaling USD 130,200 from Shing Exim General Trading L.L.C, and additional orders from The Springs Foodstuffs Trading Co L.L.C.

Highlights:-

• The company expects over Rs. 30 crore in revenue from its business arrangement with SDF Production for supply of Agro products, with healthy margins of 35-40%.
• SDF Production received multiple export orders for mango pulp for over USD 400,000.
• On July 19, 2024, the Sellwin Board approved acquiring a 51% stake in SDF Productions Pvt. Ltd
• In April 2024, Sellwin agreed to acquire a 66.67% stake in Patel & Patel E-Commerce and Services Pvt Ltd. Sellwin’s investment will fund Patel Container’s new Rs. 45 crore logistics container facility in Bhavnagar, Gujarat.
• On 7 June, 2024 approved the appointment of Mr. Rajendra Naik as the CEO of the company. Subsequently on 17 August, Mr. Pruthvikumar Prajapati is appointed as the CFO of the company.
• For Q1FY25, Revenue reported 66% growth to Rs. 16.6 crore, Net Profit up 104% to Rs. 70 lakh
• Completed a preferential issue allotting 3.17 crore warrants at Rs. 12.95 crore raising Rs. 41.15 crore

On July 19, 2024, the Sellwin Board approved acquiring a 51% stake in SDF Productions Pvt. Ltd. This strategic investment aims to expand Sellwin Traders Ltd’s business through market growth, supply chain integration, and revenue enhancement. SDF, operating in Dubai since 2002, recently expanded to New Mumbai. The company exports local produce, including oranges, turmeric, and jaggery, to Iran and the Middle East, with plans to enter Europe, the UK, and CIS markets, focusing on high-curcumin turmeric.

In April 2024, the company signed a share purchase agreement to acquire a 66.67% stake in Patel & Patel E-Commerce And Services Pvt Ltd. Patel Container signed an MoU at the Vibrant Gujarat Global Summit 2024 to invest Rs. 45 crore in a logistics container manufacturing facility in Bhavnagar, Gujarat. The facility, expected to begin operations in 2025, will create 100 jobs and benefit from Bhavnagar’s strategic location near major ports and trade routes. Investment by Sellwin Traders will be utilized to support the establishment of a new manufacturing facility for logistic containers in Bhavnagar District, Gujarat.

The company also plans to invest Rs. 200 million in Shah Metacorp Ltd (BSE & NSE) over the next two years as part of its long-term growth strategy. The investment will support Shah Metacorp’s expansion, boost production capacity, enhance R&D, and explore new markets. Shah Metacorp’s strong operations, innovative products, and sustainable practices make it a compelling investment opportunity.

Board of Directors of the Company at its meeting held on 7^th June, 2024 approved the appointment of Mr. Rajendra Naik as the Chief Executive Officer of the Company. Subsequently in the meeting held on 17^th August, Mr. Pruthvikumar Prajapati is appointed as the Chief Financial Officer of the company.

Consolidated Financial Highlights (Rs. Lakh)                       

For Q1FY25 ended June 2024, company has reported 65.9% growth in revenue from operations to Rs. 16.63 crore as compared to Rs. 10.02 crore in quarter ended June 2023. Net Profit of the company during June 2024 quarter reported rise of 104% to Rs. 70 lakh as against Rs. 34 lakh in quarter ended June 2023. During FY24, company has turn around its business operations and reported 56% growth in total income to Rs. 61.7 crore as compared to Rs. 39.60 crore in FY23.

In the previous quarter, the Company completed a preferential issue, allotting 3,17,80,000 convertible warrants at Rs. 12.95 each, raising Rs. 41.15 crore from non-promoter investors. On May 17, 2024, the Board approved the conversion of 1,20,60,000 warrants into equity shares at Rs. 12.95. Following this, the Company’s paid-up equity share capital increased to Rs. 20.26 crore, comprising 2,02,60,000 shares of Rs. 10 each.

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New Delhi [India], September 16: As we near the end of 2024, gold continues to exhibit strong bullish momentum, driven by several key factors. Persistent economic uncertainty has played a significant role, with global growth slowing, especially in major economies like the US and Europe. Rising inflation, increasing interest rates, and looming recession fears have steered investors towards gold, a classic safe haven. Additionally, ongoing geopolitical tensions in Eastern Europe and the Middle East have heightened investor apprehension, further boosting gold’s appeal as a hedge against political risk. The volatility of the US dollar throughout 2024, marked by periods of weakness due to mixed economic data and the Federal Reserve’s cautious stance on interest rates, has also contributed to the upward trend in gold prices.

Alex Volkov, Market Analyst at VT Markets, said, Given the current upward trend, traders have several strategies to capitalise on the momentum. One straightforward approach is to trade physical gold—such as bullion, coins, or bars—which offers a tangible asset with historical value, particularly during periods of economic and political instability. As the year concludes, holding real gold remains a viable option. For those seeking more liquidity and convenience, gold ETFs (exchange-traded funds) are popular. These funds track gold prices, allowing investors to benefit from gold price movements without owning physical gold. Another approach involves investing in gold mining stocks, often providing leveraged exposure to gold prices. As gold prices rise, these mining companies’ profits and stock values tend to increase even more significantly. However, it is essential to be aware that mining stocks come with additional risks, including operational issues and management decisions.

For more advanced traders, gold futures and options offer opportunities to speculate on gold’s future price. These financial instruments can yield substantial profits, especially in volatile markets, but they also entail higher risk due to leverage and market complexity.

Proper risk management is vital for every trading approach. Instead of focusing on gold, traders should diversify their portfolios among various assets to avoid risk. It is also critical to stay informed about global economic and political developments, as these significantly impact gold prices. Timing is also crucial; while momentum may be high, gold prices can fluctuate unexpectedly, necessitating careful planning of entry and exit points.

Your strategy may differ depending on your trading objectives. Trading gold futures or acquiring gold mining firms may generate faster gains but also carry more dangers. Traders seeking a hedge against inflation or future economic downturns, on the other hand, may prefer to store physical gold or trade gold ETFs, which provide better stability and can help protect wealth over time.

As 2024 draws to a close, gold remains a compelling trading option. Whether you prefer physical gold, ETFs, mining stocks, or more sophisticated instruments such as futures and options, there are several ways to profit from the bullish trend. By remaining knowledgeable and carefully controlling risks, you may be able to capitalise on gold’s trend and perhaps earn significant returns by the end of the year.

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New Delhi [India] September 14: Hafele’s Premium Appliances have been catering to the demands of its audience since the year 2014 by offering innovative technologies and comprehensive solutions. Hafele Premium Appliances has also introduced many new technologies to India over the years. The product range to come with the first ever fully sealed hob design in India is the Altius FS hobs range. Another product to come with the filter-free technology for the first time in India is the Teresa cookerhood which revolutionized the cookerhood market in India. The following products offer a convenient and hassle-free cooking solution for your modern kitchen.

Teresa Cookerhoods

When it comes to efficient smoke and fumes extraction from your kitchen, cookerhoods are your go-to solution. Placed near to the hobs, these ensure a smoke-free environment by quickly extracting the smoke and fumes before they spread the entire kitchen. Integrating advanced technologies, cookerhoods offer a solution which is convenient and effective.

Hafele’s Teresa cookerhoods have revolutionized the Indian market with the first ever cookerhood with the Filter-Free technology, offering convenience and a hassle-free experience like never before. These cookerhoods are efficient, operate with low noise and are a sustainable solution for seamlessly maintaining clean and comfortable cooking environments.

Hafele’s next generation of Teresa Cookerhoods are a significant upgrade in the kitchen ventilation technology. A seamless blend of state-of-the-art technologies, these cookerhoods offer enhanced functionality and innovative design. Crafted, keeping the Indian household in mind, these cookerhoods come with multiple speed options which take care of most levels of smoke, be it the smoke coming out of the fresh tadka on your dal or kadhi, or pan-fried vegetables, or the mild smoke/steam coming out while cooking steamed vegetables or dals. Enhancing your convenience is the ability of these cookerhoods to start the extraction process automatically once they detect excessive temperatures and adjust the performance in sync with temperature changes during the cooking process.

Additionally, these cookerhoods automatically start the cookerhood cleaning process after a preset period. The intuitive LCD colour touch control panel available in both the versions, and the innovative design with curved edges along with the black glass exterior of the inclined versions take your premium kitchen aesthetics to the next level.

About Hafele India

Established as a wholly owned subsidiary of Hafele Global network, Hafele India has been operating in India since 2003. An authority in the field of architectural hardware, furniture and kitchen fittings and accessories, the company also has a strong presence in synergized product categories like Home Appliances, Interior and Furniture Lighting, Sanitary Solutions, and Surfaces positioning itself as a complete solution provider for interior solutions in India and South Asia. Hafele India has a strong nation-wide presence through its offices and design showrooms spread across the country. The showrooms function as a one-stop-shop for all home interior and improvement needs – from providing in-depth technical advice to kitchen and wardrobe designing services through a team of experts.

Log onto hafeleindia.com/en/info/service/contact-us to find the nearest Hafele showroom or design centre.

• Website: www.hafeleindia.com
• Customer Care Toll Free: 1800 266 6667
• Customer Care WhatsApp: +91 97691 11122
• Customer Care Email ID: customercare@hafeleindia.com

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