Dubai Property Show 2017 presents profitable investment options for Indian buyers

Actor-celebrity R. Madhavan; Mr. Sultan Mohamed Hamdan Bin Khadim, Charge d’Affaires of the Consulate of UAE in Mumbai; H.E. Majida Ali Rashid, Assistant Director General, Dubai Land Department, Government of Dubai ; H.E. Salem Almoosa, Chairman and General Manager of Falcon City of Wonders LLC[Left to Right]- Photo By Sachin Murdeshwar / TGN

A townhouse in Dubai for 2 crores, apartment starts at INR 71 lakhs

November 4, 2017, Mumbai, India (TGN) : Indians have by far remained the top buyers of real estate in Dubai, contributing a whopping sum of INR 1.1 lakh crores in last 3 years. Catering to the huge appetite of Indian buyers, Dubai Property Show, the annual property gala brings the latest offerings from the top-notch Dubai developers in its 3^rd show in Mumbai. The exhibition will bring end-users in India face-to-face with world-class developers from Dubai, with a wide range of property and flexible budgets. The event was inaugurated by Chief Guest Mr. Sultan Mohamed Hamdan Bin Khadim, Charge d'Affaires of the Consulate of UAE in Mumbai, India and popular Bollywood celebrity, R. Madhavan amidst much fanfare and anticipation among the investors.

Being held at Bandra Kurla Complex (MMRDA Grounds), the 3-day realty exhibition opened on Friday, 3^rd November and will culminate on Sunday, 5^th November. Open from 11 am – 8 pm, entry to the exhibition is free.

Dubai Property Show provides once-in-a-year chance for property buyers to get in-depth understanding of Dubai realty with direct interaction with all stakeholders. Through the educative and informational seminars at the show, visitors can learn about the Dubai property laws, real-estate outlook, benefits for buyers, ideal locations for investment, financing options, government regulations, and growth opportunities among other topics of interest.

“Last year the show witnessed 4094 visitors, generating enquiries worth INR 2100 crores. We are expecting about 5,000 visitors, and hoping to see as many inquiries as last time.This year we have some amazing projects on offer along with attractive payment plans, such as a post handover which gives you the option of paying post possession. In terms to pricing, one can buy a nice townhouse for just 2 crores, while investment in an apartment starts at Rs. 71,00,000”, commented Himanshu Gupta, General Manager, Sales and Marketing, Dubai Property Show.

“Banks are offering 50% finance for the property deal, where the interest rate is as low as 3.99%. I recommend buyers and aspirants to research thoroughly upon the payment plans, mortgage rates and make investment decisions with a clear strategy in mind. The show is here to offer a brilliant plethora of options for Indian home buyers in Dubai”, added Himanshu.

H.E. Majida Ali Rashid, Assistant Director General, Dubai Land Department, Government of Dubai, said: “The very fact that this is our third outing to Mumbai is testimony of Dubai Property Show’s success. Over the years, Dubai’s real-estate has become a powerful tool of economic ties between India and the UAE, which we hope will continue to prosper. Dubai Land Department is proud to be partnering with world-class developers who are showcasing their properties in Mumbai, many of whom are repeat exhibitors. We are proud of the trust that Indians have put in us as a department and the UAE as a country, and are acutely sensitive to the responsibility that we shoulder in this regard”.   

“Indians are major movers within the UAE’s dynamic real-estate scene, especially here in Dubai where they are drawn to the multicultural atmosphere and diverse real-estate offerings. The Dubai Property Show is a perfect vehicle for us to meet face-to-face with India’s top investors and discuss Falcon City of Wonders’ unique ‘World in a City’ proposition which compliments Dubai’s growth as a preferred global business, leisure and lifestyle destination,” said H.E. Salem Almoosa, Chairman and General Manager of Falcon City of Wonders LLC.

“The real estate market in Dubai offers sustainable growth opportunities with high return on investments while the upcoming Expo 2020 mega event will provide property market a big boost”, said Mr. Omar Mesmar General Manager, Dubai Investment Park, wholly owned by Dubai Investments.

“A joint venture project between Meydan Group and Sobha Group, District One is in a prime location within the Mohammed Bin Rashid Al Maktoum City. Developed in three separate stages, the project is like nowhere else on earth, offering a low density residential community in the heart of an international city. It is close to all the major routes into the city, providing quick access to the Dubai International Financial Centre, Downtown Dubai, Dubai World Trade Center and Dubai International Airport”, elaborated by Mr. Mohammad Al Khayat, Vice President commercial and freezone at Meydan Group

Participating companies include the likes of Falcon City of Wonders, Dubai Properties, Dubai Investments, Meydan Sobha as Platinum Sponsors, MAG Property Development as the Gold Sponsor, Tebyan Real Estate Development as the Silver Sponsor whereas  Nakheel PJSC, Azizi Developments, Kleindienst Group, Creative Zone, Dubai Sports City, Bloom Properties, Tiger Properties, Seven Tides, Binghatti Developers and Deyaar Developments are the other exhibitors, Mashreq Bank joins as the Official Banking Partner, JLL as the knowledge partner and Seal Real Estate Registration Agent LLC as the Official Property Transfer Trustee among others.

For more information and to pre-register for the show, please log on to

http://dubaipropertyshow.com/visitors/

Vaseline and it’s Gorgeous Brand Ambassador Tabu, hosted a special ‘Vaseline Skin Date’ in Mumbai

Vaseline Brand Ambassador Tabu, hosted a special ‘Vaseline Skin Date’ Show today at the St. Regis Hotel in Mumbai – Photo By Sachin Murdeshwar / TGN

MUMBAI, 1 November,  2017 (TGN) :Vaseline and Brand Ambassador Tabu, hosted a special ‘Vaseline Skin Date’ in Mumbai today. The gorgeous actress spilled some of her best kept beauty secrets, discussed the importance of moisturization with skin expert Dr. Aparna Santhanam and also demonstrated some fun and easy DIY’s using the age old favourite Vaseline Jelly.

The ageless beauty spoke about the importance of daily moisturization in her life, and how she looks at Vaseline to provide with moisturization that lasts all day long. Vaseline’s offerings go beyond basic moisturization that hydrate and show results to combat dry, dull skin through its 6x longer lasting moisturization formula. Ends

HDFC Standard Life Insurance Company Limited – Initial Public Offer to open on Tuesday, November 7, 2017, and to close on Thursday, November 9, 2017 with the Price Band fixed from ₹275 per Equity Share to ₹290 per Equity Share

(L-R): Mr. Sachin Wagle (Morgan Stanley India Company Private Limited), Mr. Sumit Jalan (Credit Suisse Securities India Private Limited), Ms. Renu Karnad (Director, HDFC Standard Life Insurance Company Limited), Ms. Vibha Padalkar, (Executive Director & CFO, HDFC Standard Life Insurance Company Limited), Mr. Amitabh Chaudhry, (Managing Director & CEO, HDFC Standard Life Insurance Company Limited), Mr. Deepak Parekh (Chairman, HDFC Standard Life Insurance Company Limited), Mr. Keki Mistry (Director, HDFC Standard Life Insurance Company Limited), Mr. Rakesh Singh (HDFC Bank Limited), Mr. Prabhat Awasthi, Nomura Financial Advisory and Securities India Private Limited and Mr. Sonal Jain (CLSA India Private Limited) at the HDFC Standard Life Insurance Press conference in Mumbai - Photo By Sachin Murdeshwar / TGN

MUMBAI, (TGN) : HDFC Standard Life Insurance Company Limited (the “Company” or “Issuer“) proposes to open on Tuesday, November 7, 2017, an initial public offering up to 299,827,818 Equity Shares of face value of ₹ 10 each (“Equity Shares”) which comprises of an offer for sale of 191,246,050 Equity Shares by Housing Development Finance Corporation and up to 108,581,768 Equity Shares by Standard Life (Mauritius Holdings) 2006 Limited (together “The Promoter Selling Shareholders” and such offering (“The Offer”). The Offer comprises of Net Offer to the Public of up to 266,895,517 Equity Shares (“Net Offer”), a reservation of up to 2,144,520 Equity Shares (constituting up to 0.11% of the Post Offer Paid Up Equity Share Capital) for purchase by the eligible HDFC Life Employees (“HDFC Life Employee Reservation Portion”), reservation of up to 805,000 Equity Shares (constituting up to 0.04% of the Post Offer Paid Up Equity Share Capital) for purchase by the eligible HDFC Employees (“HDFC Employee Reservation Portion”) and reservation of up to 29,982,781 Equity Shares (constituting up to 1.49% of Post-Offer paid up Equity Share Capital) for purchase by eligible HDFC Shareholders (“HDFC Shareholders Reservation Portion”). The Offer shall constitute 14.92% of the fully diluted Post-Offer Paid-up Equity Share Capital of the Company, ie; assuming all vested employee stock options and the Net Offer shall constitute 13.28% of the fully vested Post-Offer Paid-up Equity Share Capital of the Company i.e. assuming exercise of all vested employee stock options.

The Price Band for the Offer is fixed from ₹ 275 per Equity Share to ₹ 290 per Equity Share. Bids can be made for a minimum of 50 Equity Shares and in multiples of 50 Equity Shares thereafter. The Offer will close on Thursday, November 9, 2017.

The Company and the Promoter Selling Shareholders may, in consultation with the Managers to the Offer, consider participation by Anchor Investors. Such Anchor Investors shall Bid during the Anchor Investor Bidding Date; i.e., one Working Day prior to the Offer Opening Date, on which Bids by Anchor Investors shall be submitted and allocation to Anchor Investors shall be completed i.e. November 6, 2017.

The Global Co-ordinators and Book Running Lead Managers are Morgan Stanley India Company Private Limited, HDFC Bank Limited, Credit Suisse Securities (India) Private Limited, CLSA India Private Limited and Nomura Financial Advisory and Securities (India) Private Limited. The Book Running Lead Managers are Edelweiss Financial Services Limited, Haitong Securities India Private Limited, IDFC Bank Limited, IIFL Holdings Limited and UBS Securities India Private Limited.

The Equity Shares offered in the Offer are proposed to be listed on the BSE and the NSE.

The Offer is being made in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (“ICDR Regulations”), wherein not more than 50% of the Net Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”), provided that the Company and the Promoter Selling Shareholders, in consultation with the Managers, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis, of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI Regulations. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Net Offer shall be available for allocation to Retail Individual Investors in accordance with the ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All Bidders, other than Anchor Investors, are required to mandatorily utilise the Application Supported by Blocked Amount (“ASBA”) process providing details of their respective bank accounts which will be blocked by the SCSBs, to participate in this Offer.

Capitalised terms not otherwise defined in this press release shall have the meanings given to them in the RHP.ENDS

The RHP is available on the websites of SEBI, BSE, NSE at www.sebi.gov.in,www.bseindia.com and www.nseindia.com, respectively, and at the websites of the GCBRLMs at https://www.morganstanley.com/about-us/globaloffices/india, www.hdfcbank.com,https://www.credit-suisse.com/in/en/investment-banking/regional-presence/asia-pacific/india/ipo.html, www.india.clsa.com, andwww.nomuraholdings.com/company/group/asia/india/index.html, respectively and the BRLMs at www.edelweissfin.com,http://www.htisec.com/en-us/haitong-india,www.idfcbank.com,www.iiflcap.comand www.ubs.com/indianoffersrespectively

Serum Institute of India unveils advanced Rotasiil vaccine, and Rabishield monoclonal antibody globally – developed in partnership with Massachusetts Medical School, USA

Mumbai : Adar Poonawalla, CEO of Serum Institute of India with Michael Collins, MD Chancellor, University of Massachusetts Medical School (R) and Mark Klempner ,MD Executive, VC Mass Biologic, Professor of Medicicine, University of Massachusetts Medical School and Dr Rajeev Dhere during the event of Serum Institiute of India unveiling advanced Rotasiil vaccine and Rabishied monoclonal antibody globally ~developed in partnership with Massachusettd Medical School, USA in Mumbai on Tuesday. Photo By Sachin Murdeshwar / TGN

MUMBAI, 31 October, 2017 (TGN) : In a major breakthrough, Pune based Serum Institute of India, a part of Cyrus Poonawalla Group and the world’s largest manufacturer of vaccines, today announced the unveiling of its much-awaited Rotasiil vaccine and Rabishield, Rabies monoclonal antibody. Rabishield has been developed in research partnership with Massachusetts Medical School, USA.

The global launch was held today in Mumbai which was attended byMichael F Collins, MD Chancellor, University of Massachusetts Medical Schools and Marks S Klempner, MD Executive, Vice Chancellor- Mass Biologic, Professor of Medicine University of Massachusetts Medical School.

The availability of Rotasiil and Rabishield worldwide will help reduce deaths caused due to Rotavirus and Rabies which cause fatal diseases.

The newly developed Rabishield is the World’s first recombinant rabies monoclonal antibody. It will help prevent Rabies, a 100% fatal disease which does not have cure till date, but is almost 100 % preventable. Rabies is reported to cause two deaths every hour in India. It is transmitted to humans after an exposure via bites or scratches from both domestic and wild animals like dogs, cats, monkeys, wolves, coyotes, jackals, raccoons, mongooses, skunks and bats which are the reservoirs or vectors.

“Our new drug – Rabishield – is a first-of-its-kind product for passive immunization against Rabies. Since the new drug will be 25% cheaper than the existing rabies immunoglobulins, it would meet the needs of the poor countries,” said Mr. Adar Poonawalla, Chief Executive Officer, Serum Institute of India, at a press conference in Mumbai.

Rotasiil is the World’s first thermostable pentavalent Rotavirus vaccine containing the G9 strain to help prevent the spread of Rotavirus which causes Diarrhoea mostly in babies and is often accompanied by vomiting and fever, leading to severe dehydration. It is reported that around 100,000 rotavirus related deaths occur in India.

According to Mr. Poonawalla, “Scientists have been working on this Rotavirus vaccine for the last eight years. We had decided to develop a heat-stable vaccine to overcome the absence of cold-chain in many poor countries.”

About Serum Institute of India:Serum Institute of India, a part of Cyrus Poonawalla Group, is the world’s largest manufacturer of vaccines. It sells about 1.3 billion doses a year globally across 147 countries. About 65% children in the world have received at least one vaccine made by Serum Institute of India, whose products are available in over 147 countries.

Started in 1966 by Dr. Cyrus Poonawalla, Serum Institute of India has over the years metamorphosed into the world’s largest manufacturer of vaccines, thus saving millions of lives. Ends

World’s largest Ceramics exhibition~Vibrant Ceramics Expo and Summit (VCES), 2017 will kick-start from 16 to 19 November 2017

Mr. Nilesh Jetpariya President(Wall Tiles Division-Morbi Ceramic Associations, Mr. K. G. Kundariya President (Vitrified Tiles Division) Morbi Ceramic Associations, Mr. Sandip Patel CEO VIBRANT CERAMICS EXPO & SUMMIT Photo By Sachin Murdeshwar / TGN

Mumbai, 31st October-2017 (TGN) :Vibrant Ceramics Expo & Summit 2017 held its press meets in Mumbai on 31st October, 2017. The primary reason to visit Mumbai was to increase the awareness among the Ceramic Industry and also to prove the fact that they stand second after China when it comes to Ceramic Industry. Also, another noteworthy observation was made during the meet that if Indian Ceramics Industry starts importing Ceramics from Morbi, Gujarat, India can overtake all other nations who top the list in this industry like China.

Vibrant Ceramics Expo and Summit (VCES), 2017 is being held from 16 to 19 November 2017 at Exhibition Center, near the town hall, Gandhinagar Gujarat . The event is spread across 50,000 square meter area with more than 250 exhibitors, 400+ brands, and ceramics in several sizes and designs under one roof.

Shri Nilesh Jetpariya – President, Vibrant Ceramics Expo & Summit-2017 said “India is the second largest tiles market in the world. While the global tiles production grew at an annualized rate of 6.3% for the period 2006-2013, tiles production in India grew almost double at 12.0% during the same period. Ceramic tiles that accounts for close to 60% of the total tiles demand in India is expected to grow at a CAGR of 8.7% for the period 2014-2019.”

He added “Ceramics industry, in line with the key agenda of the Government of India of Make in India, Skill India, and Swachh Bharat Abhiyaan amongst others. It is our constant Endeavour to keep innovating and contribute to the country’s economic growth and create further employment across states. At present, we are contributing to close to $ 4 billion in revenues and employ more than 10 lakhs skilled and unskilled personnel.”

Shri Sandip Patel – CEO, Vibrant Ceramics Expo & Summit-2017 said“Technology transfer, investment, joint ventures, B2B as well as B2G networking opportunities will be key highlights at the conference, while the exhibition will showcase the latest technology, ceramic tiles, sanitary-ware, and bath-fittings. Vibrant Ceramics is the initiative that aims towards unifying and synergizing the key players in the ceramics industry. We shall bring forward all sorts and types of business resources to a common destination to enable flawless interaction, channeling and networking.”

The first edition of Vibrant Ceramics held last year witnessed more than 610 foreign delegates from more than 22 countries which are going to be far surpassed this year with participation of over 2500 overseas buyers from 65+ countries. The event witnessed an overall footfall of over one lakh visitors over four days. By the end of the event, the sector saw business worth Rs. 500 crores and an order pipeline of about Rs. 1300 cr.s

​The road-shows for Vibrant Ceramic 2017 conducted in nearly 65 countries globally, which the organizers would be visiting personally along-with the 100 smart cities of India.

Delegates from Australia, Brazil, Cambodia, China, Canada, France, Germany, Indonesia, Italy, Jordan, Kenya, Latvia, Madagascar, Mauritius, Mayotte, Mexico, Nepal, Oman, Philippines, Poland, Qatar, Russia, Saudi Arabia, Senegal, South Africa, Spain, Sri Lanka, Tanzania, Uganda, United Arab Emirates, United Kingdom, United States, Serbia and much more.ENDS

EXPO INDONESIA 2017~“Featuring Indonesian Trade, Tourism and Investment Potentials”

Mumbai, 27 October, 2017 (TGN) :The Consulate General of the Republic of Indonesia in Mumbai continues to conduct various activities to developing bilateral relations and cooperation between Indonesia and India under the jurisdiction of its mission. Hence, theConsulate General of the Republic of Indonesia,Mumbai with the aim to promote the Trade, Tourism and Investment opportunities will organize a Solo Exhibition entitled “EXPO INDONESIA 2017″, to be held at World Trade Centre (WTC), Mumbai, on November 3-5, 2017. 47 Indonesian companies will participate at EXPO INDONESIA 2017, as exhibitors, featuring various products such as: furniture, health-care products, food, home-care products, batik, and handicraft products such as handbags, accessories etc.

H.E. Saut Siringoringo, Honorable Consulate General of the Republic of Indonesia,Mumbai / TGN

The series of events will be held during Expo Inourdonesia 2017, such as Seminar on Trade and Investment, “Enhancing Trade and Investment Relations between Indonesia and India”, Seminar on Tourism, “Experience Travel and Tourism in Wonderful Indonesia : An Endless Destination”, B2B Meetings for trade and Investments, Table Top meetings for Travel and Tourism Industry, and Indonesian food vendors.
Expo Indonesia 2017 is the second exhibition being organized by this mission after the last event organized in year 2016. The Expo Indonesia 2017 is the continued efforts of the recent success leading a business delegation of 150 business delegates from India attending the “Trade Expo Indonesia 2017”, October 11-15, 2017 in Jakarta, Indonesia, organized by the Ministry of Trade of the Republic of Indonesia. The event resulted into a significant transaction of US $ 105.114.000 resulting into a 25.13% increase compared to the year 2016.

Indonesia and India enjoy a high level mutual beneficial relation. The average value of bilateral trade between Indonesia and India in last five years have been reaching to around US $16 billion.

INDONESIA EXPO 2017 is also expected to further boost Indian tourists to Indonesia. Launching of Garuda Indonesia Airlines and AirAsia Indonesia airlines is also expected to further boost Indian tourists to Indonesia beyond Bali. An important note that for year of 2016, the increase number of Indian tourists to Indonesia was 28.42% with figures reaching to 3,76,802 compared to 293,415 in 2015. While Indian traveler now rank 5th among all sources of foreign tourist visitors to Bali. In 2016 a total of 186,638 Indian nationals came to Bali, an increase of 57.61% when compared to 2015.

India is one of the most important engines of the world’s economic growth. The “Make in India” move is considered as a breakthrough to open the country’s economy for investment.

Indonesian companies are expected to invest in India to strengthen ties between both countries.The business partnership in sectors such as financing, automotive and textile must be increased and strengthened as both countries have such huge markets in those sectors.ENDS

Amruta Fadnavis & Dr. Will Tuttle kickstart The Ahimsa Festival 2017

Chief Guest of the Opening Ceremony, Smt. Amruta Devendra Fadnavis / TGN

Dr Will & Madeleine Tuttle along with Smt. Amruta Fadnavis – Photo By Sachin Murdeshwar / TGN

26th October 2017, Mumbai (TGN) :The second edition of The Ahimsa Festival opened at St. Andrew’s Auditorium in the city. The Ahimsa Festival is the first event across India, and perhaps the world, to be based on ahimsa or compassion. The festivities will run across 18 days and create awareness about the power of compassion and inspire people towards making lifestyle changes towards health and animal cruelty-free choices.

Convener of the event Dr. Rupa Shah who–is part of the six-member Ahimsa Parmo Dharma Group (APDG)–and has co-founded the annual Ahimsa Festival series stated, “The basic meaning of the word ‘ahimsa’ is–Do no injury, cause no harm. Ahimsa means non-violence, or to put it in a positive way–Compassion. Ahimsa is a universal concept that applies to all living beings, including all animals. All living beings have the spark of the divine spiritual energy; therefore, to hurt another being is to hurt oneself. The primary aspect of ahimsa is towards oneself–in particular towards one’s health.”

Chief Guest of the Opening Ceremony, Amruta Devendra Fadnavis, wife of Maharashtra CM, Devendra Fadnavis, commented, ”As Gandhiji said – Non Violence is a weapon of the strong; it is a sword that heals. A number of resources utilized for a non-vegetarian diet are much higher than a vegetarian one. It takes about 2500 gallons of water to produce half a kg of meat whereas it takes less than 25 gallons of water to produce the same quantity of wheat. This gives an idea that by turning vegan how drastically we can reduce water footprints. Those who cannot immediately change their lifestyles should try reducing the consumption of meat; a small step will go a long way in saving our planet and of course, add to health benefits. Our beloved Prime Minister Narendra Modi is a vegetarian at the age of 67; he works so hard and his enthusiasm is viral.”

Dr. Will Tuttle, author of the international bestseller ‘The World Peace Diet’ and Chief Guest of the festival lit the candle along with Chief Guests Amruta Fadnavis and Dr. Nandita Shah. In his talk, he shared his vision of creating a peaceful global civilization with the world peace diet. He said, “This is my first day in India and I can already see the light and positivity all around me. India has been radiating this light for centuries and the same light touched me when I became a vegan 40 years back. My message is that veganism is a philosophy and practice of radical inclusion and that going vegan is the most positive, uplifting, and transformative action any human being can make in our culture today. If you could sum my message up in a simple phrase, it would be Respect for all life. I teach that veganism is coming home into one’s true heart, and seeing beings as beings, and respecting them as equally sacred manifestations of divine life.” He mesmerized the audiences with his talk interspersed with playing the piano, while his wife accompanied him by playing the flute.

Founder of SHARAN, Dr Nandita Shah, who is the recipient of the prestigious Nari Shakti Award 2016 the highest award for women in India, for her pioneering work in the field of health and nutrition stated, “I have been a homeopath for many years – the concept of veganism brings health, environment, and animals together. A non-vegetarian person is responsible for the life of 70 land animals a year on an average; then there are sea animals as well. I believe that everyone can become vegan if they have the opportunity to make an initial connection. Over the years I have seen people go from cynics to passionate vegan advocates once they had made the switch to a plant-based diet. I think it’s because just one initial shift can help people go beyond denial and justifications to then go onto making the complete connection. Veganism aligns us with our true values, which are compassion and oneness.”

The event also witnessed Kuntal Joisher who is the first vegan to conquer Mount Everest in 2016 and Rohit Ingle who is covering 18,000+km across the country for one year, to spread awareness about animal cruelty. Rohit was flagged off after the event. Sharmila Oswal, International Water Diplomat also extended her support to the event. Moreover, PETA and FIAPO have been strong supporters of The Ahimsa Festival since inception last year.

The following 2 weeks will comprise more than 100 satellite events–ranging from film workshops, talks, webinars and seminars to treks, a run and cyclothon, and potlucks–to spark curiosity and awareness about Ahimsa and compassionate lifestyle across the city. The festival will conclude with an Ahimsa Carnival.

Ahimsa Parmo Dharma Group
The Ahimsa Festival is an annual festival founded by like-minded individuals with an aim of spreading the fragrance of peace and love through simple lifestyle choices. The Ahimsa Parmo Dharma Group (APDG) was founded in 2015 to create awareness about the principles of ahimsa in everyday life. The group comprises six members who are leading professionals in their field of work and have come together with the single vision of practicing and preaching non-violence in thought, deed, and action. They are living examples of “ahimsaks” who are successfully practicing the Ahimsa way of living for many years.
For more details and festival programme and to RSVP, visit: www.theahimsafest.org

IL&FS Education launches ‘EnglishBolo’, an online solution for learning spoken English

L to R: Anil Mehrotra (CFO, English Helper), Shourie Chatterji (Principal Lead, Private Sector, IL&FS Education), Shri Nand Kumar, IAS (Principal Secretary, Maharashtra), RCM Reddy (MD, IL&FS Education), Sanjay Gupta (MD, English Helper) and Dr Venkat Srinivasan (Serial Entrepreneur, Cognitive Scientist) – Photo By Sachin Murdeshwar / TGN

MUMBAI, (TGN): EnglishHelper (EH), a Boston based ed-tech start-up, and IL&FS Education, the education & technology arm of IL&FS group organized a thought-leadership conference on 25^th October to discuss and deliberate on the road map for technology enabled English Language Learning in India.

Nand Kumar, IAS, Principal Secretary, Department of School Education & Sports, Govt of Maharashtra presided over the conference and released the findings of the impact evaluation of a large scale technology-led English language learning intervention – Right-to-Read – which was piloted in more than 3,000 Govt schools in Maharashtra jointly by EH & IL&FS Education, covering              6 lakh students and 6,000 teachers. The report indicated an average 20% improvement in reading and comprehension ability of children through this year long intervention.

Ms. Madhu Ranjan of USAID, the agency which co-funded this Right-to-Read intervention in multiple States covering 15 lakh learners, highlighted how the technology (ReadtoMe^TM – an AI based application that uses multi-sensory approach) has played a significant role in enhancing English literacy outcomes specially in the space of early grade reading.

Several eminent global ed-tech experts, thinkers, strategists and philanthropists participated in panel discussions to deliberate and charter a road map for solving problems related to English language learning in our country through efficient use of emerging technologies, including :

• Nand Kumar, IAS, Principal Secretary, School Education & Sports, Government of Maharashtra

• Dr Venkat Srinivasan: Chairman, EnglishHelper, a serial entrepreneur and an expert in computational linguistics & NLP, based in Boston, USA

• Dr Vijay Kumar: Associate Dean of Digital Learning and the Executive Director of J-WEL (Jameel World Education Lab, MIT, USA )

• Dr. Shailesh Kumar: Visiting Faculty at ISB, Hyderabad and entrepreneur with rich expertise in AI, Machine Learning and Deep Learning

• Ashish Dhawan, Founder & Chairman, Central Square Foundation (CSF), a renowned entrepreneur and philanthropist with special interest in Indian education system

• Ranjan Pant, CEO, Advisor Global Strategy Management Consultant

The conference concluded with the launch of an online solution for learning spoken English – EnglishBolo (www.englishbolo.com) – a first-of-its kind language learning platform designed for India’s young adult and youth. Developed jointly by IL&FS Education & English Helper, EnglishBolo provides anytime, anywhere access to users to learn English using mobiles and/or tablets. English Bolo has the unique feature of providing both self-learning and teacher-lead learning using the same personalized learning platform. 1000 English Bolo scholarship coupons were handed over through this conference to Govt of Maharashtra.

Sanjay Gupta, CEO of EnglishHelper and Mr. RCM Reddy, MD & CEO of IL&FS Education announced that through this partnership, they intend to democratize English language learning across the country leveraging the power of technology and make it convenient and extremely affordable for millions of learners using the strength of public-private partnerships. Ends

The New India Assurance Company Limited’s initial public to open on Wednesday, November 01, 2017 and closes on Friday, November 03, 2017

Mumbai : (In Center) Mr. G Srinivasan, CMD of The New India Assurance Company Limited with Mr. Hemant Rokade, Director & GM (L) and Mr.Anil Kumar, Director & GM (R) during announcement of the company IPO in Mumbai on Wednesday. Photo 25.10.2017 By Sachin Murdeshwar TGN

MUMBAI, October 25, 2017 (TGN) : The New India Assurance Company Limited (“Company”), will be launching its initial public offering which is scheduled to open on Wednesday, November 01, 2017 and close on Friday, November 03, 2017, with a price band of Rs. 770 to Rs. 800 per Equity Share of face value of Rs. 5/- each of the Company (the “Equity Shares”). A discount of Rs. 30 on the Offer Price is being offered to Retail Individual Investors (“Retail Discount”) and to Eligible Employees Bidding in the Employee Reservation Portion (“Employee Discount”).

The initial public offering of up to 120,000,000 Equity Shares of the Company consisting of a fresh issue of up to 24,000,000 equity shares (“Fresh Issue”) and an offer for sale of up to 96,000,000 equity shares (“Offer For Sale” and together with the fresh issue, the “Offer”) by The President of India, acting through the Ministry of Finance, Government of India (the “Selling Shareholder”). The Offer and the Net Offer shall constitute 14.56% and 14.13%, respectively of the post-Offer paid-up Equity Share capital of the Company.

The Offer also includes a reservation of up to 3,600,000 Equity Shares for subscription by Eligible Employees (the “Employee Reservation Portion”). The Offer will comprise the Net Offer of up to 116,400,000 Equity Shares and the Employee Reservation Portion of up to 3,600,000 equity shares.

The Company proposes to utilize the net proceeds of the Fresh Issue towards meeting future capital requirements which are expected to arise from the growth and expansion of business, improving solvency margin and consequently solvency ratio of the company.

In terms of Rule 19(2)(b)(iii) of the Securities Contracts (Regulation) Rules, 1957, as amended (the “SCRR”), the Offer is being made for at least 10% of the post-Offer paid-up equity share capital of the Company. The Offer is through the Book Building Process, in reliance of Regulation 26(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Net Offer shall be available on a proportionate basis to Qualified Institutional Buyers (“QIBs Portion”). Such numbers of Offered Shares representing 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, subject to valid bids being received from them at or above the Offer Price. The remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received from them at or above the Offer Price.

Further, not less than 15% of the Net Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Offer shall be available for allocation, in accordance with the SEBI ICDR Regulations, to Retail Individual Investors, subject to valid Bids being received from them at or above the Offer Price. Further, up to 3,600,000 Equity Shares shall be offered for allocation and Allotment on a proportionate basis to the Eligible Employees Bidding in the Employee Reservation Portion, conditional upon valid Bids being received from them at or above the Offer Price.

All Bidders are required to mandatorily utilise the Applications Supported by Blocked Amount (“ASBA”) process by providing the details of their respective bank accounts in which the corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”).

Kotak Mahindra Capital Company Limited, Axis Capital Limited, IDFC Bank Limited, Nomura Financial Advisory and Securities (India) Private Limited and YES Securities (India) Limited are the Book Running Lead Managers (“BRLMs”) to the Offer. The Registrar to the Offer is Link Intime India Private Limited.

The Equity Shares of The New India Assurance Company Limited are proposed to be listed on the National Stock Exchange of India and BSE Limited.

Capitalised terms not otherwise defined in this press release shall have the meanings given to them in the RHP.ENDS

Kokuyo Camlin Launches Colouring Kit for Adults

Mumbai, October 24th 2017 (TGN) :  Kokuyo Camlin, known for its innovative stationery and colouring products has recently launched the Adult Colouring Kit. Colouring as an activity is generally associated with kids and not adults but given the global trend of adult colouring books becoming immensely popular across the world, it turns out that adults too have been pursuing coloring as a hobby  especially since it is known to have a calming effect on the mind and a great stress buster.

According to psychologists, Colouring activity can have a de-stressing effect with adults because when we focus on a certain activity, we are thoroughly involved with that activity and not our worries simultaneously it also reinvigorates our imagination and takes us back to our childhood days when we were happy and less stressed.

Saumitra Prasad, Chief Marketing Officer, Kokuyo Camlin Ltd said, “In countries like Europe and North America, coloring books for adults have become immensely popular. We have launched the Adult Coloring kits — keeping in mind that it will encourage adults to pursue colouring as a hobby. Also art therapists and researchers have been touting the therapeutic benefits of coloring for quite some time. We hope that the Adult Coloring Kits will become immensely popular with adults in India too.”

The Kokuyo Camlin Adult Colouring Kit comes along with 24 shades of Camlin Bi-Colour Pencils, Sharpener and a Colouring Book which has 32 hand-drawn illustrations of mandalas, animals, flowers and forests. It is available at all retails stores at a price of Rs 399/-ENDS.