RGV’s "RAI" First Look poster Unveiled

BANGALORE : The first look of Ram Gopal Varma's most ambitious film "RAI", got unveiled by Mr. Mutthappa Rai on his birthday May 1st in the presence of thousands of people at Bidadi in Banglore. The first look of the Hindi version of "Rai" will be launched at a separate event in Mumbai very soon. This hard hitting project of cult film director Ram Gopal  Varma was creating a buzz since a long time. In the first look Vivek Oberoi as RAI is looking really intense & uncannily similar in demeanor to Muthappa Rai. The film's tagline “The Greatest Gangster Ever” creates a lot of intrigue.

The launch of the first look of RAI was humongous; there were giant cut-outs along with a gigantic firework display and a LASER Beam Musical Show which revealed RAI's First Look. The poster unveiling event saw a large gathering of celebrities and also eminent personalities from Corporate, Social and Political circles. 

On this occasion Ram Gopal Varma said "Any film maker is only as good as the subject matter he gets, With Rai I think I have the best subject matter I ever found in my entire career. In fact it's so good that I will have to work hard to spoil it. Mr. Mutthappa  Rai has renounced his earlier life of violence and now became a peaceful philanthropist working only for the welfare of the people, but my request to him is that if I spoil such a great story as "RAI" he should go back into violence and kill me. RAI film for me is the story of an extraordinary man who lived, struggled and triumphed among extraordinary circumstances, it's the story of an ultimate real life hero ".

Vivek Oberoi said "In my entire life both as an actor and a film watcher I have yet to come across any character anywhere near to the character of Rai, it's like a dream come true for me to take the challenge of portraying the complex nuances of Rai's character. I thank RGV for giving me the opportunity to bring on to screen the greatest gangster ever! Called a criminal by some and a messiah by many he is the ultimate symbol of justice! Feared, Loved and Respected he has become a legend in his own life time and he is on the way to become something much more greater than a legend"

RAI is being produced by Mr. C R Manohar (MLC) The Hindi version of Rai has been acquired by Raju Chadda of Wave Films and Sunil Lulla of Eros International, the Telugu version of the film has been acquired by Dasari Kiran Kumar who is already producing the highly prestigious Vangaveeti and the Tamil version has been acquired by Ganga Raju, the president of South Indian film chamber.

Ujjivan Financial IPO opens on April 28

Price Band: Rs.207 to Rs.210 per Equity Share of Face Value of Rs.10
  Fresh Issue of Equity Shares aggregating up to Rs. 3,581.61 million**
Bid/Offer Opening Date – April 28, 2016 and Bid/Offer Closing Date – May 02, 2016

BANGALORE, April 27, 2016: Ujjivan Financial Services Ltd. is a Non Banking Financial Company – Micro Finance Institution which started operations in 2005 as a Non Banking Financial Company. As of December 31, 2015, UFS has served over 2.77 million active customers across 24 states and union territories through a network of 470 branches and 7,862 employees. The IPO opens on April 28, 2016 and closes on May 02, 2016, with a price band of Rs. 207 – Rs.210 per Equity Share of face value of Rs. 10 each. The Anchor Investor Bid/Offer Period shall be one Working Day prior to the Bid/Offer Opening Date, i.e. April 27, 2016. 

The IPO consists of a fresh issue of Equity Shares aggregating up to Rs. 3,581.61 million by the Company and an offer for sale of up to 24,968,332 Equity Shares by Elevar, FMO, IFC, IFIF, MUC, Sarva Capital, WCP and WWB. The Company, in consultation with the BRLMs, has completed a Pre-IPO Placement of 14,236,057 Equity Shares for cash consideration aggregating to Rs. 2,918.39 million. The size of the Fresh Issue as disclosed in the Draft Red Herring Prospectus dated December 31, 2015, being Rs. 6,500 million, has been reduced accordingly. 

The Offer is being made through the Book Building Process, wherein 50% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers (“QIB Portion”). The Company and the Selling Shareholders, in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (“Anchor Investor Portion”), at the Anchor Investor Allocation Price. At least one-third of the Anchor Investor Portion shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation of the Anchor Investor Portion, the balance Equity Shares shall be added to the QIB Portion. 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net 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 Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential Bidders (except Anchor Investors) shall participate in the Offer mandatorily through the Applications Supported by Blocked Amount (“ASBA”) process. 

Any Bidder who, either by himself directly or indirectly or along with the relatives, or associated enterprises, or persons acting in concert (as described under section 12B of the Banking Regulation Act) (“Other Persons”) associated with it, Bids for such number of Equity Shares that (along with the existing aggregate shareholding in the Company of such Bidder and the Other Persons associated with such Bidder), results in such Bidder, together with the Other Persons associated with such Bidder, holding 5% or more of the post-Offer paid-up share capital of the 

Company, shall obtain a valid and subsisting approval of the RBI to be eligible to acquire and hold, after considering its existing shareholding if any, in the Company, together with the existing shareholding in the Company, if any, of the Other Persons associated with such Bidder, 5% or more of the post-Offer paid-up share capital of our Company, either individually or on an aggregate basis with the Other Persons associated with such Bidder, as the case may be, subject to the subscription level in the Offer. 

The Company proposes to utilise the Net Proceeds of the Fresh Issue for augmenting its capital base. Kotak Mahindra Capital Company Limited, Axis Capital Limited, ICICI Securities Limited and IIFL Holdings Limited are the BRLMs to the Offer, while Karvy Computershare Private Limited is the Registrar to the Offer. The Equity Shares of the Company are proposed to be listed on the BSE and the NSE.

RENAULT INDIA LAUNCHES ALL NEW DUSTER

Bangalore, April 13: Renault India, one of the country’s fastest growing automobile manufacturers, launched the all new Duster range in Bangalore today. The New Duster range which was recently unveiled at the Auto Expo 2016 includes India’s first 6 speed Easy – R AMT and also boasts of more than 32 new changes along with superior engineering, styling, safety and comfort features.
These new enhancements perfectly complement the New Duster, while it retains its iconic crossover style body shape that enabled Duster to create an entirely new segment in India’s automotive industry.

The New Duster features New ‘CMO10’ & ‘T4 E&E’ architecture enabling enhanced safety and superior ride and handling.

The New Duster with manual transmission is available in five trim levels – Standard, RXE, RXL, RXS, and RXZ, with both diesel and petrol powertrains on offer. While the introductory petrol base variant is priced at Rs. 8,63,999 (ex-Bangalore), the top of the line AWD (4x4) variant is offered at an introductory price of Rs. 13,73,999 (ex- Bangalore). Along with this, the all new Duster will also come with India’s first 6 speed Easy – R AMT in a diesel powertrain at an introductory price of Rs. 11,83,999 (ex- Bangalore).

The New Duster offers unmatched Performance, Driveability and Efficiency

Offering the comfort of a sedan and the performance of an SUV, the New Duster diesel offerings are powered by an extremely efficient K9K 1.5 litre dCi engine (common rail direct injection), delivering a combination of high performance and an excellent fuel efficiency. With superior comfort, high driving position and 210mm of ground clearance, the new Duster is capable of handling the toughest of Indian roads.

In the AWD diesel variant, the reliable and fuel efficient the K9K 1.5 litre dCi engine will deliver maximum power of 110PS@4000rpm and peak torque of 245Nm@1750rpm. The engine is mated to a 6 speed manual transmission delivering an excellent fuel efficiency of 19.72 kmpl (ARAI).

The new Duster with 6 speed Easy – R AMT is a driver’s delight enabling easy driving in busy city traffic conditions. It is available on K9K 1.5 litre dCi engine with maximum power of 110 PS@4000rpm and peak torque of 245Nm@1750rpm. The new Easy – R AMT provides similar fuel economy of 19.6 kmpl (ARAI).

The New Duster: At a glance                                                              

Exterior Looks: Upping the ante in the fast growing SUV segment, the new Duster flaunts completely refreshed front and rear looks, Electrically Adjustable & Foldable ORVM’s with turn indicators, Waterfall LED Tail Lamps, Hawk Eye Cluster Headlamps, Firefly Fog Lamps, 16” Gun Metal Finish Alloy wheels and Kayak Roof Rails. New Duster will also be available in a sporty and modern new colour – Cayenne Orange.

Plush Interiors: The new Duster’s boasts of a Crimson-Black Interior Theme with sporty Double Spacer Fabric for AWD, and a Cedarwood-Black Interiors theme with Premium Embossed Fabric for other variants. This comes along with Dual Tone Soft Touch dashboard.

State of the Art Technology and Safety Features: The new Duster is equipped with New Rear View Camera with guidelines, New Automatic Air Conditioning, New Auto-up/down window with anti-pinch, New Media Nav, and New Centre Fascia. In terms of essentials of safety, the New Duster will have a host of active and passive safety features including ABS, EBD with Brake Assist, Dual Airbags, ESP & Hill start assist.

Renault created an all new segment in the Indian automotive industry with Duster, which has continued to dominate the Indian roads selling over 1.4 Lakh units in India since its launch in the July 2012. It is also one of the best-selling SUV’s world-wide being marketed in over 100 countries and manufactured in 5 countries.

NEW DUSTER PRICING (ex-Bangalore) –

	Petrol 4X2 MT	Diesel 85 PS 4x2 MT	Diesel 110 PS 4x2 MT	Diesel 110 PS 4x2 AMT	Diesel 110 PS 4x4 MT
Standard	-	9,43,999	-	-	-
RXE	8,63,999	9,63,999	-	-	-
RXL	9,43,999	10,43,999	11,23,999	11,83,999	-
RXS	-	10,93,999	-	-	-
RXZ	-	11,63,999	12,43,999	13,03,999	13,73,999

*ex-Bangalore

 

Mahindra launches new range of 5 Agri Specialist Tractors – Mahindra YUVO

Synopsis:

·         Mahindra YUVO’s advanced technology gives more coverage, faster operations & better quality of work.

·         With the new YUVO range, farmers will be able to DO MORE (Jyada), DO FASTER (Jaldi) & DO BETTER (Behtar) farming operations.

·         Yuvo range offers many best in class & category first features like 12F+3R gears, 1500 kgs lift capacity, precision hydraulics & high engine power (best in class max torque )

·         Designed for over 30 different farming applications, from land preparation to harvesting as well as post-harvesting operations

·         M&M has invested over Rs 300 crores towards the development of this new platform 

·          Available in 5 HP points – 32HP, 35HP, 40HP, 42HP and 45HP

·         Currently will be sold through 400+ Mahindra outlets in 15 states across the country

·         Will be manufactured at Mahindra’s newest plant located at Zaheerabad in Telangana state.

·         Price range of Mahindra YUVO starting at Rs 5.00 lakh for 265 DI (32 HP) to Rs. 6.52 lakh for 575 DI (45 HP) (ex showroom Bangalore).  

 

Mahindra & Mahindra Chief Executive - Farm Equipment & Two Wheeler Division, Rajesh   Jejurikar said, “YUVO is designed based on consumer insights from varied farming applications across the country. A very extensive testing and validation process has been followed. The launch of the Mahindra YUVO, in the very major 30 to 45 HP segment will further strengthen our position in the tractor market."

TMEIC to Invest US$35 Million for Business Expansion in India

New Factory Exemplifying the Concept of a Next-generation “Recycling Energy Factory” Planned for Construction -

March 23, 2016 – Toshiba Mitsubishi-Electric Industrial Systems Corporation (TMEIC; headquartered in Tokyo, Japan) has announced its plan for making an additional investment in India. In line with this, to address the rapid expansion of new orders for PV inverters, in particular, the Company will build a power electronics factory on newly acquired land situated adjacent to the motor factory of TMEIC Industrial Systems India Private Limited (TMIND).

TMEIC has previously invested nearly US$65 million for strategically growing its business operations in India, including construction of the motor factory. The additional investment planned totals approximately US$35 million. Nearly 60% of this amount will be used as capital for constructing a new factory roughly 10,000 square meters in size, while the remainder will be utilized to augment operations for the further business expansion of TMIND.

Construction of the new factory will start from this spring with the aim of commencing operations from around summer 2017. Together with relocating operations from the current power electronics factory acquired from AEG Power Solutions BV in 2014, approximately 250 people are expected to be employed at this production site. Additionally, the new facility exemplifies the concept of a next-generation “recycling energy factory” equipped with a solar power generation system.  

The new factory will produce power electronics products, specifically, PV inverters, motor drive inverters and Uninterruptible Power Supplies (UPS).

In terms of PV inverters, TMIND has received a large volume of new orders in India and the factory is continuously operating at full capacity. Additionally, as the global leader capturing the top share of PV inverters, TMEIC will supply PV inverters made in India not only locally but also throughout the world. The new factory will be genuinely designated as the core of TMEIC’s renewable energy business.

A UPS responds to critical power sources for data centers and other purposes. This product actually has a high technical commonality with PV inverters. While UPS made in Japan currently are being sold in India and new orders are steadily being received, TMEIC plans to produce products locally at the new factory directed toward making full-fledged inroads into the Indian market.   

With regard to motor drive inverters, TMEIC aims to expand these products as drive systems combined with motors. The new power electronics factory seeks to realize an ideal environment as a system in which motors and inverters will be produced at the same location. 

Construction of a new factory is the culmination of the means for achieving TMEIC’s strategy in India, and with the additional investment announced at this time, TMEIC’s investment in India will total US$100 million on a cumulative basis, which during the past three years is the largest investment TMEIC has made in any country worldwide, including Japan.

TMEIC will undertake concerted efforts to realize the further growth of TMIND as an Indian company toward the realization of the “Make in India” initiative.

‘Idea Jalsa’ Concert Tour 2016 reaches Bengaluru

Bengaluru, March 22 : ‘Idea Jalsa – Music for the Soul’ is back in Bengaluru and will feature Suma Sudhindra, a renowned Veena exponent of India along with The Legendary Padma Vibhushan Pt. Hariprasad Chaurasia on flute followed by a powerful Hindustani Classical Vocal Performance by the living Legend of India Sangeet Martand Padma Vibhushan Pandit Jasraj. The 12 city concert tour commenced from Chennai on February 5, 2016, and will now travel Pune and culminate in Bengaluru on the 26^th of March.

Music finds itself at the core of Idea Cellular Ltd.’s brand building and customer connect strategy. Indian Music has the ability to reach out to a cross section of society, with no barriers of language, caste, creed, etc. ‘Idea Jalsa – Music for the Soul’ is a unique project which has been partnered by Idea Cellular Ltd. since its inception in 2006. It has grown from strength to strength and has come to stand for ‘excellence’ & ‘quality’, engaging the large community of music lovers across the country. As always, Idea Jalsa will bring together legends, maestros, stars, young maestros and the rising stars of Indian music, to showcase the rich cultural heritage of India. The Idea Jalsa platform has already presented more than 7,000 musicians across genres! A proud achievement for Idea Jalsa this year, is the support that the Ministry of Tourism, Government of India has extended.

“Idea Jalsa is the largest platform for Indian Music across genres, which has been established with the active support of Idea Cellular Ltd. and has crossed many milestones in its journey since 2006, e.g. entering the Limca Book of Records, reaching more than 30 crore audiences through its TV telecasts, being the 1^st Indian Music project to be webcast live, telecast in 165 countries worldwide on Zee International and also being on 15 International Airlines’ inflight entertainment. We are very humbled that the Ministry of Tourism, Government of India has agreed to support this project with Incredible India.” said Durga Jasraj, Founder & Director, Art And Artistes.

Commenting on this occasion, Mr. Siva Ganapathi - Chief Operating Officer, Karnataka, Idea Cellular, said, “Idea Cellular has always considered music to be one of the important avenues to connect with our customers across the country. Idea Jalsa is one such platform which brings together legends, maestros, stars, and rising stars from the Indian music fraternity, to present a rich & diverse showcase of Indian culture for all music enthusiasts across the country and champion Hindustani classical music. We are happy to bring these unique performers and musicians to Bengaluru and are hopeful that our customers will join us in this celebration of music.”

Date:    Saturday, March 26, 2016

Venue:  Orion Mall, Bengaluru

Time:    6.30 PM

HCG IPO opens on Wednesday, March 16 with Price Band of Rs. 205 – Rs. 218

BANGALORE, March 14: HealthCare Global Enterprises Limited (HCG), India’s leading provider of cancer care in terms of the total number of private cancer treatment centres licensed by the AERB as of May 31, 2015 (Source: Atomic Energy Regulatory Board, Government of India) will enter the capital markets with its initial public offering (“IPO”) from March 16, 2016 to March 18, 2016, with a price band of Rs. 205 – Rs. 218 per equity share of face value of Rs. 10 each. The Anchor Investors shall bid one Working Day prior to the Bid/Offer Opening Date i.e. on Tuesday, March 15, 2016.

 The IPO consists of a fresh issue of up to 11.6 million equity shares by the Company and an Offer for Sale of up to 18.2 million equity shares by existing shareholders as mentioned in the Red Herring Prospectus dated March 4, 2016 (“RHP”).

 The Offer is being made through the Book Building Process wherein at least 75% of the Offer will be allotted on a proportionate basis to Qualified Institutional Buyers (“QIBs”). The Company in consultation with the Investor Selling Shareholders and BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Offer Price on a discretionary basis, out of which one-third shall be reserved for domestic Mutual Funds only. Additionally, 5% of the QIB Portion (excluding the Anchor Investor Portion) will be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion will 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 more than 15% of the Offer will be available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Offer will be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential investors (except Anchor Investors) shall participate in this Offer only through the Application Supported by Blocked Amount (“ASBA”) process. 

The Company proposes to utilize the net proceeds of the fresh issue towards; (i) Purchase of medical equipment, (ii) Investment in IT software, services and hardware, (iii) Pre-payment of debt and (iv) General corporate purposes.

Kotak Mahindra Capital Company Limited, Edelweiss Financial Services Limited, Goldman Sachs (India) Securities Private Limited, IDFC Securities Limited, IIFL Holdings Limited and Yes Bank Limited are the Book Running Lead Managers while Karvy Computershare Private Limited is the Registrar to Offer.

The offer would constitute up to 35.03% of the Company’s post-offer paid-up equity share capital.

The equity shares are proposed to be listed on the BSE and the NSE.