Category Archives: Business

Investors Eye NHC Foods Rights Entitlement (NHCFO-RE) as a Potential Multibagger Stock

Mumbai, 9th Dec, 2024: NHC Foods Limited is emerging as a promising multibagger stock, driven by impressive financial performance and strategic growth initiatives.

The Rights issue of this prominent exporter of agricultural commodities and spices, NHC Foods offers a lucrative opportunity for new investors through the Rights Entitlement (RE) mechanism.

Right share priced at ₹1 per share, well below its market value of ₹3.21 as of December 3, 2024, this offering allows investors to buy shares at an attractive price of Rs. 1. Investors can purchase few NHC Foods REs (NHCFO-RE) and buy any portion of the Rights Issue at ₹1 per share, offering a strategic and cost-efficient way to gain exposure to a rapidly growing company.

NHC’s 6 months PAT of H1FY25 is 405 lacs which already surpasses the full year PAT of 235 lacs achieved in FY24. For long-term investors, this rights issue presents a valuable proposition to enhance their portfolios while benefiting from the company’s growth trajectory. This approach broadens the investor base and offers a chance to benefit from NHC Foods’ ongoing success, which includes over 375% profit growth and 50% plus revenue gains in the recent quarters.

With strategic plans focusing on innovation and global expansion, the company presents a compelling case for those looking to tap into its growth potential through this rights issue. Management’s focus on technology, R&D, and product innovation, alongside an emphasis on global market diversification, positions NHC Foods for sustained long-term growth.

The subscription window for NHCFO- RE (Rights Entitlement) will remain open from December 5 to December 12, 2024. The record date for NHC Foods Limited’s ₹47.42 crore rights issue was November 26, 2024.

The 3 Star Export House, NHC Foods with exports to 30+ countries is famous for some leading and signature brands like Indi Bite, Eat’mor and Saaz.

To conclude, investors must purchase few NHCFO-RE and then buy and apply for any amount of right issue at Rs.1 against current market price of Rs. 3.21.

Hummel Chooses Unicommerce to Streamline and Power Its E-Commerce Operations

9th December ­2024, New Delhi: Denmark headquartered sportswear brand Hummel has partnered with Unicommerce, one of India’s leading e-commerce enablement SaaS platforms, to streamline its e-commerce operations and enhance its end customers’ post purchase experience across India.

Hummel India has deployed Unicommerce’s multi-channel order management and warehouse management systems to automate its order processing from across its brand website as well as multiple marketplaces. Unicommerce’s technology will allow the brand to process orders placed across different channels through a unified dashboard, which can lead to error-free and faster deliveries of its sports and athleisure wear products.

Additionally, the brand has opted for Unicommerce’s UniShip technology, which is a post-shipment journey solution to help end consumers track and return orders, providing a marketplace-like experience for orders placed on its brand website.

The sports and athleisure wear segment has been witnessing continuous growth in e-commerce order volumes with both new-age digital first brands and traditionally offline brands leveraging technology to manage and fulfil the rising demand. As per Unicommerce’s recent analysis of the Black Friday sale 2024, the sportswear and fitness products category has observed over 65% order volume growth as compared to the same period of the sale last year.

With Hummel India planning to expand its footprint across the country with its exclusive brand stores, the brand’s present focus is on growing its ‘team sports’ and ‘institutional business’ segments. It has currently integrated its brand website, and 3 warehouses with Unicommerce’s platform.

Talking about the recent partnership, Soumava Naskar, Managing Director at Hummel India said, “While our exclusive range of sportswear targets the younger generation which is more tech savvy and digitally driven, our partnership with Unicommerce will help us enhance our operational efficiency making our products widely available to aur audience.”

“The Indian e-commerce market is changing with newer categories making a strong impact, one of which is the sportswear segment”, said Kapil Makhija, MD & CEO of Unicommerce. “We are excited to be a part of Hummel’s growth journey as we offer our technology expertise to power their e-commerce operations.”

With a 930 Mn+ annual transaction run rate, 3550+ clients, 8800+ client warehouses and 3150+ client stores, Unicommerce works with India’s marquee brands, leading marketplaces, and logistics service providers to technologically enable end-to-end management of their e-commerce operations. Beyond India, Unicommerce also serves clients in the Middle East & Southeast Asia.

India Tops the List as Largest FDI Investor in London

National, December 09, 2024 – New Foreign Direct Investment (FDI) data from London’s growth agency, London & Partners, reveals that India has become its leading source country for FDI companies, ahead of the US and China.

Over the past three years, the India office has supported 77 Indian companies in scaling their operations and establishing a presence in the UK capital. One such company is the Indian IT giant Mphasis, which opened a new London office in September and has expanded its UK presence over the past year.

Mumbai, often referred to as India’s financial hub, and Bangalore, known as the Silicon Valley of India, are key source cities of FDI, with the Southern and Western regions of India together accounting for the majority of companies expanding to London. Their contributions have steadily grown over the years, with much of the investment concentrated in high-growth sectors such as financial services, enterprise software, creative, fintech, and life sciences.

London & Partners’ India office has also supported two significant trade delegations from London in the past year: The Creative Trade Delegation and the ongoing Fintech and Enterprise Trade Delegation. These missions aim to strengthen the UK capital’s trade links with India.

The Fintech and Enterprise Trade Delegation currently underway this week is connecting London-based companies, including AutogenAI, Builder.ai, Carbon Responsible, and Digiseq, with private enterprises such as banks, large tech companies, and key stakeholders, including governing bodies, in Mumbai and Bangalore.

Janet Coyle CBE, Managing Director, Grow London, London & Partners, said: “We’re bringing some of London’s most innovative fintech and enterprise companies to explore one of the world’s most dynamic markets – India. Mumbai and Bangalore are the perfect entry points into India’s rapidly evolving financial and enterprise tech sectors. This mission is a key priority for us, and I’m excited to be in-market, uncovering the incredible growth opportunities for both trade and FDI ahead.”

Hemin Bharucha, Regional Director – India and Middle East, London & Partners, added: “India is a thriving global leader in enterprise technology and financial innovation. This trade mission is a unique opportunity to strengthen ties between London and India’s rapidly advancing tech ecosystems, further solidifying our partnership as India continues to be an important investor in London.”

Ninjacart’s New Startup Program Aims to Accelerate Growth of FoodTech and AgTech Ventures

India, December 9, 2024 – Ninjacart, India’s leading agri-tech startup transforming the agricultural ecosystem through technology and data, announced the launch of its Ninjacart Startup Program.This agri-tech-focused startup program aims to accelerate the growth of early-stage FoodTech and AgTech startups by providing access to cutting-edge technology, venture capital partners, financial backing, and expert business advisory.

With nearly a decade of experience in transforming agricultural ecosystems through technology and data, Ninjacart has partnered with agri-tech innovators globally to optimize supply chains and solve complex distribution challenges. The Ninjacart Startup Program leverages this expertise, network, and proven solutions to help startups scale faster, drive meaningful change, and lead the future of food distribution.

The Ninjacart Startup Program offers four key benefits to participants:

Access to Ninjacart’s Advanced Technology: Renowned for its comprehensive and innovative technology across the agri-tech ecosystem, Ninjacart’s proprietary solutions set an industry benchmark. Through the Startup Program, startups gain access to a focused suite of Ninjacart’s supply chain management tools to drive growth or enhance operational efficiency. Growth tools include demand forecasting, sales management, pricing intelligence, campaign management, and customer app modules. For operational efficiency, modules for procurement, inventory management, workforce management, logistics, and catalog management are available.

Pitch to VC Partners: Startups will have the chance to present to top VC partners such as Syngenta Group Ventures and Base Capital on Demo Day, scheduled for February 2025.

Financial Backing: Ninjacart offers credits up to $50,000 to offset platform and implementation fees during the first six months of participation.

Expert Business Advisory: Participants will gain access to Ninjacart’s domain expertise and leadership to build scalable supply chains for fresh produce, meat, and staples, offering tailored guidance to shorten their path to profitability.
The program is open to emerging startups that were founded in 2020 or later, have raised up to $1 million in funding, and operate outside India. Eligible startups must be post-revenue and focused on innovating the food supply chain.

“At Ninjacart, we’ve always believed in the transformative power of technology to solve critical supply chain inefficiencies,” said Kartheeswaran KK, Co-Founder and CEO, Ninjacart. “The Ninjacart Startup Program is designed to empower innovators who are driving systemic change in food systems. By offering our expertise, technology, and network, we aim to help startups accelerate their startup journey and propel the collective transformation of the global agriculture ecosystem.”

Isuzu Motors India Rolls Out ‘ISUZU I-Care Winter Camp’ Nationwide

Bengaluru 9th Dec 2024 : In a constant endeavour to reaffirm ISUZU’s commitment to provide best service and ownership experience, Isuzu Motors India will be conducting a nation-wide ‘ISUZU I-Care Winter Camp’ for its range of ISUZU D-MAX Pick-ups and SUVs. This service camp is aimed at offering customers exciting benefits and preventive maintenance checks for a hassle-free driving experience during the season across the country.

An initiative of ‘ISUZU Care’, the Winter camp will be organised across all ISUZU authorised dealer service outlets, between 09th – 14th December 2024 (both days inclusive). During this period, customers can also avail special offers & benefits for their vehicles.

Customers visiting the camp will receive the following: –

– Free 37-Point Comprehensive Check-up

– 10% discount on Labour

– 5% discount on Parts

– 5% discount on Lubes & Fluids

– 10% Discount on Retail RSA purchase

– Free ‘REGEN’

The Winter Camp will be organised at all authorised service facilities of ISUZU located in Ahmedabad, Baramulla, Bengaluru, Bhandup (Mumbai), Calicut, Chennai, Coimbatore, Dimapur, Durgapur, Gandhidham, Gorakhpur, Gurugram, Guwahati, Hisar, Hubballi, Hyderabad, Indore, Itanagar, Jaipur, Jaigaon, Jammu, Jalandhar, Jodhpur, Karnal, Kochi, Kolhapur, Kolkata, Kurnool, Lucknow, LB Nagar (Hyderabad), Leh, Madurai, Mandi, Mangalore, Mehsana, Mohali, Mumbai, Mysore, Nagpur, Nasik, New Delhi, Noida, Nellore, Patna, Pune, Raipur, Ratnagiri, Rajahmundry, Rajkot, Satara, Shivamogga, Siliguri, Solapur, Surat, Tirunelveli, Tirupati, Trichy, Trivandrum, Vadodara, Vijayawada and Visakhapatnam.

Signature Global Plans to Revive Stalled Noida Projects for Accelerated Growth

Realty firm Signature Global is looking for land in Noida and Greater Noida to expand the business and will explore taking over stalled housing projects as well provided there are no legacy litigations. Signature Global, which got listed in 2023, has a significant presence in the Gurugram market of Delhi-NCR.

Signature Global founder and Chairman Pradeep Aggarwal said “We plan to expand our operations in the Delhi-NCR region beyond Gurugram. We are actively exploring land parcels in Noida, Greater Noida, and the Yamuna Expressway. Additionally, the company intends to participate in land auctions conducted by development authorities in these areas to support its growth plans.”

That apart, Aggarwal said, “We are also looking to take over stalled housing projects in Noida. The Noida authority has come up with a co-development policy to revive stalled projects. A couple of projects have been approved under this new policy.” Aggarwal, however, said the company will take over stalled housing projects, provided the company does not become liable for legacy litigations.

While it will keep looking for land acquisition, Aggarwal said the company has enough land banks in Gurugram for future development.He said the company will launch multiple housing projects worth Rs 50,000 crore in Delhi-NCR over the next three years to tap strong consumer demand.

“Our target is to grow sales bookings by 25 per cent annually,” Aggarwal said.

He expressed confidence that the company would easily achieve the target of Rs 10,000 crore sales bookings in this fiscal.

Signature Global sold Rs 7,270 crore worth of properties during the last fiscal.

Aggarwal noted that housing demand continues to be strong in Gurugram.

“We had given a pre-sales (sales bookings) guidance of Rs 10,000 crore for the current fiscal. We have already achieved Rs 5,900 crore worth of sales bookings in the first half of this fiscal,” he said.

Considering the strong performance in the first six months, he said, “We are quite hopeful of over-achieving of our annual guidance.” Signature Global’s sale bookings jumped over three times to Rs 5,900 crore in the April-September period of the 2024-25 fiscal from Rs 1,860 crore in the corresponding period of the preceding year.

Last month, the company reported a consolidated net profit of Rs 4.15 crore for the quarter ended September.

The company had posted a net loss of Rs 19.92 crore in the year-ago period.

Total income rose to Rs 777.42 crore in the second quarter of this fiscal from Rs 121.16 crore in the corresponding period of the preceding year.

Signature Global has so far delivered 11 million square feet of housing area.

It has a pipeline of about 32.2 million square feet of saleable area in forthcoming projects along with 16.4 million square feet of ongoing projects.

Aggarwal said the company is targeting to deliver 16 million square feet area to its customers by March 2026.This will help the company to recognise around Rs 10,000 crore revenue in the books of accounts.

UAE Inaugurates Founders’ Retreat, Fostering Stronger UAE-India Start-Up Collaboration

Dubai and Abu Dhabi/ New Delhi, 9 December, 2024: The United Arab Emirates successfully hosted the inaugural Founders’ Retreat from 6 to 8 December 2024. The Retreat brought together more than 60 of India’s most prominent start-up founders and key UAE business leaders, investors, and policymakers to discuss new directions and opportunities in the bilateral investment partnership.

Co-organised by the UAE Embassy in Delhi, Offline, and the UAE-India CEPA Council, the event marked a significant milestone in the UAE-India partnership, showcasing the two countries’ shared commitment to fostering innovation and economic growth.

With participating retreat ventures averaging a valuation of USD 3.5 billion, alongside representation from founders of 13 Indian unicorn start-ups and five publicly listed companies, this first-of-its-kind platform facilitated transformative collaborations and highlighted the mutual benefits of closer investment ties between the two nations.

The retreat emphasised how the UAE complements India’s start-up success story. Estimates suggest that UAE investors have injected close to USD 20 billion worth of capital into the Indian economy since 2000, significantly benefiting the Indian start-up sector. Initiatives such as the UAE-India Start-up Bridge, established under the UAE-India Comprehensive Economic Partnership Agreement (CEPA), have only further strengthened this collaboration.

Commenting on the occasion, His Excellency Abdulnasser Alshaali, PhD, the UAE Ambassador to India, said, “The Founders’ Retreat is not just a celebration of entrepreneurial excellence but a commitment to deeper collaboration. It reflects our shared vision of fostering innovation, investment, and growth that transcends borders. Uniting UAE and Indian leaders under one roof not only enables business opportunities but also creates a blueprint for global entrepreneurial success.”

“The Founders Retreat is a catalyst for UAE-India start-up collaboration. By integrating India’s entrepreneurial talent with the UAE’s visionary support, we’re creating a launchpad for global start-up success. The Retreat is a powerful demonstration of how public-private partnerships can drive cross-border innovation and investment,” said Utsav Somani, the Founder of Offline.

The Founders’ Retreat reflected the UAE’s ongoing commitment to investing in India’s economy and providing Indian start-ups with opportunities to expand internationally. The UAE continues to expand its investment footprint in India, and is focusing on establishing new and innovative ventures, such as the Abu Dhabi Investment Authority’s fund in India’s GIFT City. This event reinforced the UAE-India relationship as a model for global entrepreneurship and innovation.

Kronos by Fastrack: A New Era of Stylish Chronographs with Unmatched Precision

Bengaluru, 7th December – Fastrack, India’s leading youth fashion brand, has introduced its latest chronograph collection, Kronos— a fusion of shaped case design and chronograph-functionality. Featuring four unique styles, this collection is designed for men who value both aesthetics and practicality.

 The chronograph feature measures elapsed time with an hour, minute & second sub-dial, making these watches ideal for men with dynamic, fast-paced lifestyles. Whether you’re timing a workout, a meeting, or a spontaneous adventure, Kronos ensures every second counts.

With the tagline “Quickies with Kronos: Make Every Tick Epic,” the campaign takes a playful approach to highlight the watch’s chronograph feature and the cool, versatile ways it can be used in.

Speaking at the launch, Danny Jacob, Head of Marketing at Fastrack, said, “Today’s youth aren’t just keeping track of time—they’re owning it. The Kronos collection is built for the ultimate go-getter, seamlessly balancing side hustles, passion projects, and a buzzing social life, all while rocking effortless style.”

NHC Foods Kicks Off Rights Issue Today for Investors

Mumbai, December 5, 2024: The Rights Issue for NHC Foods Limited, a leading merchant exporter of agricultural commodities and spices, is open now. The company aims to raise 14,742.00 lakhs to strengthen its working capital and repay secured working capital loans, thereby boosting profitability.

The promoters of NHC Foods aim to increase shareholder engagement and benefits through the Rights Issue, providing public shareholders a golden opportunity to enhance their involvement and equity stake in the company by subscribing to this Rights Issue.

Below are the kev details:
Closing Price as on December 3, 2024 : 1.3.21
Right issue price: 1.1 per Rights Equity Share
Rights Issue Size: 1.47,42,00,000
Record Date: November 26, 2024
Rights Issue Opening Date: December 5, 2024
Renunciation of Rights Entitlement Period: December 5, 2024 to December 12, 2024
Rights Issue Closing Date: December 18, 2024

 The Rights Equity Shares are being offered to Eligible Equity Shareholders on a rights basis in the ratio of 4 (Four) Rights Equity Shares for every 1 (One) fully paid-up Equity Share held. It offers an exciting opportunity for investors to subscribe to the offer within the specified period and enhance their stake in the company at a potentially attractive price.

“At NHC Foods, we have always been committed to creating value for our shareholders. This Rights Issue reflects our dedication to enhancing shareholder value while promoting a fair and equitable distribution of shares among public investors. By offering shares at a potentially attractive price, we aim to strengthen public shareholding and optimize the company’s capital structure. Our dedication to shareholders is further demonstrated by the Share Split carried out in July 2024, wherein NHC Foods executed a 10.-1 share split to boost liquidity and make its shares more accessible to a wider base of investors.” said Mr. Apoorva Shah, Chairman & Managing Director of NHC Foods Ltd.

“NHC Foods delivered outstanding performance in the quarters ending June 2024 and September 2024, achieving record-breaking sales and turnover, which h’ighlight its strong market position and adaptability in a dynamic business environment The company continues to make strateg ic investments in technology and process enhancements to drive growth and maintain its competitive edge”. added Mr. Apoorva Shah.

Quess General Staffing Achieves Major Milestone with 500K Workforce and Growing

Mumbai, 5th Dec 2024: Quess Corp, India’s leading business services provider, announces a significant milestone for its Workforce Management business- surpassing 500,000 workforce. This accomplishment, achieved within just three years of crossing the 250,000 mark, highlights the rapid growth and expanding role of Quess in shaping India’s workforce solutions landscape. It further strengthens Quess Corp’s position as India’s largest staffing company. It places India among the top four countries globally alongside the US, Japan, and the European Union to achieve this feat for a single staffing company.

The growth reflects Quess Workforce Management capability to deliver innovative, scalable workforce solutions across a range of industries, positioning it as a key enabler for businesses navigating evolving economic demands. The growth has been fueled by increasing demand across diverse sectors, including Industrial, FMCG, Retail, and BFSI (Banking, Financial Services, and Insurance). Recent trends also indicate that rural demand has significantly lifted the FMCG sector, which saw a 5.7% growth in the July-September period, as per NielsenIQ data. According to the National Statistical Organisation (NSO) survey, manufacturing employment creation accelerated significantly in FY23, supported by expanding core industries and increased demand in domestic and global markets, reflecting the sector’s critical role in India’s employment landscape.

Sectoral Highlights Behind 500K Headcount Milestone

Key sectors driving this milestone include:

· Industrial: The industrial segment recorded the highest growth rate, expanding by 256% to reach 80,000 associates with a CAGR of 53%, reflecting robust manufacturing and infrastructure activity

· FMCG: Showed remarkable growth of 243% to 60,000 with a CAGR of 51%, driven by increased consumer demand

● Retail: The workforce grew by 157% in three years to achieve 135,000 headcount registering an impressive CAGR of 37%

● BFSI: Continues to lead with 145,000 employees, marking a cumulative growth of 76% over three years

● Telecom and Others: These sectors maintained steady contributions, showcasing resilience amidst market fluctuations

Lohit Bhatia, President Workforce Management, Quess Corp, commented: “Reaching the 500,000 workforce milestone is a significant achievement that underscores our resilience and dedication to supporting India’s employment ecosystem. This milestone highlights our ability to adapt, scale, and address the evolving workforce needs of businesses across sectors. We remain committed to creating meaningful employment opportunities and contributing to India’s growing economic landscape.”

Driving Workforce Transformation

Quess’s Workforce Management has played a critical role in bridging the gap between talent supply and demand, especially in high-growth sectors and underserved regions. With this milestone, Quess Corp continues to set benchmarks in employment generation, reflecting its vision of empowering individuals, enhancing industries, and driving economic growth.