Month: August 2022

Brand aims to grow its furniture portfolio to become 20% of its revenue by FY 22-23

India’s leading D2C brand Sleepyhead has launched its furniture portfolio with a national campaign featuring brand ambassador Ranveer Singh. This is the second leg of their ‘Fabulous Living’ campaign and showcases Ranveer endorsing the brand’s signature sofa and recliner.

VADODARA, India, Aug. 22, 2022 /PRNewswire/ — Shri Swaroop P  IAS, Managing Director of GACL & Chairman of GNAL, flagged off the first consignment of Caustic Soda Lye on 20^th August 2022 from Ankleshwar in the presence of senior executives of GNAL, GACL & NALCO. This consignment would be reaching Damanjodi Complex of NALCO via the Railway Rake.

GACL-NALCO Alkalies & Chemicals Pvt. Ltd. (GNAL), is a Joint Venture of Gujarat Alkalies and Chemicals Ltd. (GACL) and National Aluminium Company Ltd. (NALCO). GACL and NALCO, two leaders of their own production sector in India have established an 800TPD Caustic Soda Plant and 130MW coal-based power plant at Dahej (Gujarat). The new JV Company was incorporated on 4^th December 2015 in Vadodara (Gujarat). The project is set up at a total cost of about ₹2000 Crores where the promoters, GACL and NALCO are holding equity in the ratio of 60:40.

Both GACL and NALCO will be benefitting from the commissioning and commercial production of this project.

About GNAL:

GACL-NALCO Alkalies and Chemicals Private Limited (GNAL) is a joint venture company of Gujarat Alkalies and Chemicals Limited (GACL), a company promoted by Government of Gujarat, and National Aluminium Company Limited (NALCO), A Government of India Enterprise. The equity holding of GACL and NALCO for the joint venture company is in the ratio of 60: 40.

Building a strong bond between these two companies, GNAL aims at consolidating GACL’s supremacy in chlor-alkali and other integrated downstream products and ensuring a steady and reliable supply of caustic soda to NALCO for its alumina production facilities and future expansions. GNAL established 800 TPD caustic soda plant and, to cater to its power requirements, a 130 MW coal based captive power plant at Dahej, Gujarat.

Website: www.gnal.co.in

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)

Legends League Cricket has announced that WOW Awards Asia has recognised the league as Sports Property Of The Year. The season 1 of the league has won the Gold for creating one of the best sports property this year.

WOW Awards Asia is one of the most coveted awards for the event industry, WOW Awards Asia,’ was held at Jio World Convention Centre in Mumbai for 2 days, 19-20th August 2022.

The convention and award ceremony was attended by celebrities like Sonu Nigam, Terence Lewis, Siddharth Mahadevan, Amit Trivedi with media and event industry of the country.

Raman Raheja, Co-Founder & CEO, Legends League Cricket said, “We are honoured to be adjudged as the winner in our category. We thank EventsFaqs.com and KPMG India for acknowledging our efforts during the season one held in Oman. This recognition from the industry has taken the expectation level of our stakeholders to the next level and we will work towards providing enhanced entertainment and engaged experience to our fans in the upcoming seasons.

The first season of Legends League Cricket was held in Oman in January 2022, featuring three teams – Indian Maharajas, Asian Lions (Rest of ) and World Giants (Rest of the World). World Giants won the first season of the league.

On huge demand from fans, the next season is shifted to India with a new format.

The next season of the league is scheduled from 16^th September 2022 to 8^th October 2022 in six cities, i.e. Kolkata, New Delhi, Cuttack, Lucknow, Jodhpur and Rajkot

Rise lnfraventures Limited, Gurugram-based North India’s leading real estate consultancy firm, known to be expert in Commercial transactions and specialised in residential luxury segment, has announced to start their wings in Mumbai followed by other cities of western part of India. Subsequently essential plan will continues company’s massive expansion plan, spelt out earlier to set up at least three additional offices at different locations by March 2023 other than Gurgaon and Delhi.

Rise Infra will ensure to carry their legacy ahead with opening new office in Mumbai. With this, Mr. Sachin Gawri – Founder & CEO is aiming to provide their unmatched end to end services to their clientele under one roof in absolutely different market altogether. He added Rise Infra is thrilled to enter into new market with same company Ethos which stand for transparency, customer centric approach and adhere to commitment above business in any given situation.

This anticipated plan turning into realty, With high surge in buyer interest and spending capacity in premium – luxury housing, which can been noticed throughout pan-India in recent time, these changing patter has been seen especially in metro cities of the country post pandemic crisis. However this expansion will help Rise Infra further consolidate its remarkable position in the substantial platform along with catering customers with utter most professionalism even during high surge in demand and supply shortage.

After successive launch of Rise’s Delhi office and in a row Mumbai Office, the firm has also set up a target of 3000 Crores gross sales in 2022-23. In FY 2021-22, the company had achieved sales of 1600 Crores from a single operational office in their domain. In addition with Rise Infra not only provides real estate’s sales assistance. Company has umbrella services options in term of advisory & consultancy in residential, commercial, land acquisition, also include emerging segments such as SCO,  massive exclusive retail spaces and contemporary office space.

This expansion is part of our group vision and we have strategies to reach out to potential customers in the all mentioned segments and provide them our legendary service with secure hassle free transaction experience. In addition to Mr. Gawri says – their long team plan is to be house-hold name in real estate industry and emerge to lead the market with right set of legitimate investment and portfolio management options. To serve the demand they have also announced to expend manpower for better and fastest delivery to their commitments. As Rise Infra is known for its proactive guidance to its customers in helping them take right investment decisions.

View article…

(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

Taking the message of Panch Pran of Amrit Kaal – Goal of developed India, to remove the trace of colonial mindset, take pride in our roots and to bringing unity and sense of duty among citizens, Agri-input major Dhanuka Group has launched a unique brand campaign ‘India Ka Pranam Har Kisan Ke Naam’ to mark the 42nd foundation day of the company.

Dhanuka Group launches ‘India ka Pranam Har Kisan ke Naam’ campaign

The campaign is dedicated to acknowledging the sweat and toil of the hardworking farmers of India and celebrates their contribution in nation building.

“From ‘ship-to-mouth‘ syndrome of the 1960s to a net exporter of food grains, we have a lot to be proud of. It is primarily due to the tireless efforts of our farmers that we are in such a sweet position in comparison to some other nations that are undergoing severe food shortages amidst the global turmoil,” said Mr. R. G. Agarwal, Chairman, Dhanuka Group.

The campaign “India Ka Pranam Har Kisan Ke Naam” highlights the journey of our farmers and salutes them for their tireless work. Indian farmers battle many adversities year on year to ensure that enough food is produced to feed not only the entire nation but also export to other countries.

“Our campaign India Ka Pranam Har Kisan Ke Naam is an acknowledgment of the tremendous hard work of our farmers and through this campaign we salute them for their enormous contribution,” Mr. Agarwal said.

The Group has also launched a new TVC as a part of this special campaign, which will be displayed throughout the country. The campaign is being promoted on print, television and digital platforms across the country.

“Right since our inception, we at Dhanuka have been at the forefront of contributing our best for the betterment of our farmers. We work with an aim of provide products that enable farmers to protect their crop, increase the yields and profits,” Agarwal said.

Around 60-70% of India’s population is involved in agriculture and allied activities and the progress of the nation depends on their wellbeing. Dhanuka has released this campaign at a time when the country is celebrating azadi ka amrit mahotsav to celebrate the 75^th Independence Day of the nation. “On the march towards Amrit Kaal, we salute our kisan and jawans – to  acknowledge and strengthen their potential of which  has  provided security to  our beloved  nation  by all means.”

View article…

(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

– Progress Acquisition Corporation has $172M in Trust to Effect a Merger in the Media, Entertainment, and Technology Sectors

– Barrios and Wilson Recently Led the $2.6B de-SPAC Merger with Bowlero and continue to expand its international presence

NEW DELHI, Aug. 19, 2022 /PRNewswire/ — Progress Acquisition Corporation (NASDAQ: PGRW) (the “Company”) and Isos announced a partnership and the appointments of Isos Co-Founders and Co-CEOs George Barrios and Michelle Wilson as Officers of PGRW. Isos joins Progress to complement the Company’s search and negotiations to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. In addition, Isos Managing Director Winston Meade will serve as an Officer of PGRW.

While the Company may pursue an initial business combination in any industry, sector, or geographic region, it continues to focus on businesses in the global media, entertainment, and technology sectors.

“We are thrilled to add George and Michelle to our team following their recent success merging Isos Acquisition Corporation and Bowlero in a landmark transaction,” said David Arslanian, Progress Acquisition Corporation CEO and President. “We believe their operating expertise, history of creating significant shareholder value in the public markets, and active network across sectors will drive deal flow. George and Michelle’s public market reputation and extensive network of investors will help us to secure the committed capital necessary to close a deal.”

“We are excited to partner with the team at Progress Acquisition Corporation,” said Isos Co-Founders and Co-CEOs George Barrios and Michelle Wilson. “Progress Acquisition Corporation has extensive experience in and deep knowledge of the global media, entertainment, and technology sectors, and an understanding of what a premier asset for investors looks like.”

Progress Acquisition Corporation Chief Executive Officer and President David Arslanian, Co-Founder and Board Member Sanjay Puri, and Chief Financial Officer Rick Gallagher will work alongside the Isos team in the business combination efforts. The existing PGRW Board Members will continue in their roles. Progress Acquisition Corporation consummated its initial public offering (IPO) on February 11, 2021 and has $172,500,000 proceeds in trust.

Barrios and Wilson’s most recent venture, Isos Acquisition Corporation, announced the completion of its $2.6 billion business combination with Bowlero on December 15, 2021.

Isos Capital continues to expand its international presence and recently announced the appointment of Sheetesh Srivastava as Managing Director, India. In this position, Sheetesh will lead Isos Capital’s foray in to India and Southeast Asia markets by sourcing investment opportunities and providing advisory service to companies in the region.

Isos Acquisition Corporation and Bowlero Business Combination Highlights:

• George Barrios and Michelle Wilson, two proven operators with a long history of working together to create shareholder value in the public markets, served as Co-Chief Executive Officers of Isos Acquisition Corporation.
• Nine months post IPO, Isos Acquisition Corporation announced the completion of its $2.6 billion business combination with Bowlero, now listed on the NYSE Global Market under the symbol “BOWL”.
• As part of the transaction, Isos Acquisition Corporation secured a $450 million private investment in public equity (PIPE) anchored by funds managed by affiliates of Apollo Global Management Inc. (“Apollo”), Brigade Capital Management, Soros Fund Management LLC, The Donerail Group LP, and Wells Fargo Asset Management.
• Funds managed by affiliates of Apollo committed to a forward purchase agreement (“FPA”) for Isos Acquisition Corporation of up to $75 million, and ultimately committed $100 million to the Bowlero transaction.
• George Barrios and Michelle Wilson now serve on Bowlero’s Board of Directors.

Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)

NCR-based realty major SKA Group is one of the most reputed real estate companies which has been in existence for over 2 decades and delivered sustainable projects of excellent construction and architectural quality. The Group has already developed more than 4.5+ million square feet, and around 2.5 million sq. ft. is under construction and will be delivered as per the estimated timeline. Most of its projects are located in Noida, Greater Noida and Ghaziabad.

The projects of SKA Group are built on the principles of 3Ts: Technology, Transparency, and Timely Delivery. The first fundamental is Technology, the use of advanced technology which ensures the delivery of modernly equipped, better-quality projects. For this, SKA Group is using Aluminium Foamwork Technology which makes buildings strong and durable. It offers one of the best construction qualities by affirming the construction of earthquake-resistant building structures. In this technology, brickwork and internal & outer plaster are not used. It also ensures better space utilization as shear walls are used in place of columns. As Aluminium is recyclable material, the use of wood & ply is also minimized in this construction. The use of water and the generation of dust is also lesser than conventional construction technology.

One of the prominent features of SKA Group is that its ongoing and upcoming projects are green buildings. SKA accords prime importance to environmental sustainability. It has adopted eco-friendly measures which rely on the principles of ‘Reuse, Reduce, Recycle. It has categorized various infrastructural additions like rainwater harvesting systems, waste segregation amenities, WTP/STP, solar lighting, etc, to reduce pollution and instil a sense of environmental eagerness and protection among residents and the community as a whole.

The second underlying principle of the SKA project is timely delivery. Resting on the epithet We promise, We deliver, it is famously known that SKA projects are always delivered before time or on time. The fast speed of construction ensures the timely delivery of projects. Affordable residential projects like SKA Green Mansion and SKARDI Greens were delivered within three years as per their deadlines. Another project, SKA Greenarch, was completed one year before its RERA timeline. Phase 1 of SKA Metroville has also been completed before time, and 250+ families have already shifted and made it their residence. While other phases are under construction and expected to be delivered before their deadlines. With these timely deliveries, SKA Group has established a relationship of trust and authenticity among its customers.

The third principle is Transparency. SKA Group provides all details regarding project specifications, along with flat specifications, legal documents, approvals etc, to its customers before booking flats so that a customer can take an informed decision. SKA Group augments transparency by giving regular updates to customers about the current building status, project deadlines, RERA approvals, OC status, environmental clearances, etc. The Group fosters digital transparency and keeps clients and buyers in a cohesive information loop through social media posts, stories, updates, and emails. The SKA Groups are known for delivering projects by estimated deadlines and, most of the time, before deadlines. It also helps buyers in getting flat registries, which establishes an interpersonal bond of trust between the client and the Group. It believes that maintaining transparency is the core ethic to building good Customer Relationship Management (CRM) and a trustworthy working relationship. It has managed to keep satisfactory relationships with both old and new clients. The Group has a very prompt grievance redressal management system, and customers wanting to get their problems solved can easily reach the top management.

View article…

(Disclaimer: The above press release comes to you under an arrangement with NewsVoir India and this publication takes no editorial responsibility for the same)

– Supporting the MSME ecosystem in the State

AHMEDABAD, India, Aug. 19, 2022 /PRNewswire/ — Gujarat Mineral Development Corporation (GMDC), a leading mining PSU enterprise and the largest lignite seller in the country, is inviting bids for its Surkha (N) Lignite Mine in Bhavnagar from Lignite Mining contractors to fuel further progress.

The company plans to strengthen its lignite production to support micro, small and medium enterprises (MSMEs) looking for cheaper fuel. It produced 8.5 million tonnes of lignite last year and planned to reach 10.0 million tonnes this year. Over the previous six months, it has added 400 more customers daily.

Mr. Roopwant Singh, IAS, Managing Director, GMDC, said, “Our customer base among MSMEs in textiles, chemicals, and ceramics along with captive power plants is increasing. Hence, we are increasing our lignite production this year by an additional 1.5 million tonnes even as we look to add more mines shortly. This will help us minimising the constantly increasing demand-supply gap and catering the energy requirements in the state.”

The RFP for Lignite Mining at Surkha (N), Bhavnagar, includes two packages with a tenure of six years each for the following Works:

• Overburden/ inter burden removal, Excavation and/or loading of lignite from the mine face and ancillary activities.
• Transporting and unloading raw Lignite, Beneficiated Lignite and Pyrites/Rejects, and other ancillary activities.
• Loading of processed Lignite, Bentonite, and Pyrites/rejects through the deployment of excavator/loader and other ancillary activities.

The estimated quantity of lignite to be extracted under this project will be more than 200 Lakh MT. The tender is currently available on the website of GMDC (www.gmdcltd.com).

Lignite, generally yellow to dark brown, is regarded as brown coal and is a major source of producing power. It mines Lignite from Tadkeshwar, Surkha (North), Amod (G-19 Extension), Mata No Madh and Umarsar, located in Surat, Bhavnagar, Bharuch and Kutch regions, respectively. GMDC has helped expand Lignite-mining operations in the state.

GMDC has an important mandate to develop the major mineral resources of the state. From its challenging beginnings involving the crushing and screening of silica sand required by the glass industry, GMDC is today acknowledged as one of India’s premier mining organisations.

Disclaimer: The above press release comes to you under an arrangement with PRNewswire India and this publication takes no editorial responsibility for the same)