Aegis Vopak Terminals Limited’s Rs. 2,800 Crore IPO to Open on Monday, May 26, 2025

Chennai, May 21, 2025: Aegis Vopak Terminals Ltd (“AVTL” or “The Company”) shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Monday, May 26, 2025.

 The Anchor Investor Bidding Date shall be Friday May 23, 2025. The Bid/Offer will open on Monday, May 26, 2025 for subscription and will close on Wednesday, May 28, 2025.

 The Price Band of the Offer has been fixed at ₹ 223 to ₹ 235 per Equity Share. Bids can be made for a minimum of 63 Equity Shares and in multiples of 63 Equity Shares thereafter.

 The total offer size of equity shares with face value ₹ 10 each aggregating up to ₹ 28,000 million [₹ 2,800 crore] comprises only fresh issue of equity of issue shares. (“Total Offer Size”)
The company proposes to utilize the net proceeds from the issue towards the following objects – (i) Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the company estimated to be ₹ 20,159.5 million [₹ 2,015. 95 crore]; (ii) Funding capital expenditure towards contracted acquisition of the cryogenic LPG terminal at Mangalore estimated to be ₹ 6,713 million [₹ 671.30 crore]; and balance towards General corporate purposes.

 The Equity Shares are being offered through the “Red Herring Prospectus” of the Company dated May 20, 2025 filed with the Registrar of Companies, Gujarat at Ahmedabad (“RoC”) and are proposed to be listed on the BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”).

 This Issue is being made in terms of Rule 19(2) (b) of the SCRR, read with Regulation 31 of the SEBI ICDR Regulations. The Issue is being made through the Book Building Process in terms of Regulation 6(2) of the SEBI ICDR Regulations, wherein at least 75% of the Issue shall be allocated on a proportionate basis to the Qualified Institutional Buyers (“QIBs” and such portion, the “QIB Portion”), provided that our Company in consultation with the BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (the “Anchor Investor Portion”), out of which one-third shall be reserved for domestic Mutual Funds only, subject to valid Bids being received from domestic Mutual Funds at or above the price at which Equity Shares of face value of ₹ 10 each are allocated to Anchor Investors (“Anchor Investor Allocation Price”), in accordance with the SEBI ICDR Regulations. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares of face value of ₹ 10 each shall be added to the QIB Category (excluding the Anchor Investor Portion) (“Net QIB Portion”).

Further, 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 Issue Price. If at least 75% of the Issue cannot be allotted to QIBs, then the entire application money will be refunded forthwith. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares of face value of ₹ 10 each available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Portion for proportionate allocation to QIBs.

Further, not more than 15% of the Issue shall be available for allocation to Non-Institutional Bidders (“NIBs”) of which (a) one-third portion shall be reserved for applicants with application size of more than ₹200,000 and up to ₹1,000,000; and (b) two-thirds portion shall be reserved for applicants with application size of more than ₹1,000,000, provided that the unsubscribed portion in either of such sub-categories may be allocated to applicants in the other sub-category of Non-Institutional Bidders, subject to valid Bids being received at or above the Issue Price and not more than 10% of the Issue shall be available for allocation to Retail Individual Bidders (“RIB”) in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price.

All Bidders (except Anchor Investors) are mandatorily required to utilize the Application Supported by Blocked Amount (“ASBA”) process by providing details of their respective ASBA accounts and UPI ID (defined hereinafter) in case of UPI Bidders (defined hereinafter), as applicable, pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks (“SCSBs”) or by the Sponsor Banks under the UPI Mechanism, as the case may be, to the extent of the respective Bid Amounts. Anchor Investors are not permitted to participate in the Issue through the ASBA Process. For details, see “Issue Procedure” on page 452.

Rosatom’s Machine Builders Made First RITM-400 Reactor Unit for Rossiya Nuclear Icebreaker

Moscow, 21st May 2025 – ZiO-Podolsk (Rosatom’s Machine-Building Division) finished manufacturing the first RITM-400 reactor unit for Rossiya nuclear icebreaker, which will be the most powerful in the world. The command to finish the work on the first RITM-400 was given by Valentina Matvienko, Chair of the Federation Council of the Federal Assembly of the Russian Federation, and Alexey Likhachev, Rosatom Director General. The ceremony was broadcast in the Federation Council of the Federal Assembly of the Russian Federation, where Rosatom’s exposition dedicated to the 80th anniversary of the nuclear industry opened on May 20.

“The completion of the RITM-400 reactor is a significant event for the icebreaker fleet, for Rosatom and for our entire country. The reactor units of the next-generation Rossiya nuclear icebreaker will allow it to break over 4 meters thick ice. We decided to name each of the two reactors, which will make the ship extraordinary powerful, after the Russian legendary heroes, Ilya Muromets and Dobrynya Nikitich. They performed feats in the name of Russia, while the new reactors named after them will help Rossiya icebreaker overcome the special ice conditions of the Arctic,” Alexey Likhachev noted during the ceremony.

“Today we have completed the first RITM-400 for Rossiya icebreaker; in a couple of months we will complete the second one. Both units will be sent to the shipyard for installation on the Rossiya nuclear ship and will be a gift from Rosatom’s machine builders to mark the 80th anniversary of the nuclear industry. The completion of this project opens up new opportunities in developing the Northern Sea Route,” added Igor Kotov, Head of Rosatom’s Machine Building Division.

JACK&JONES x Smiley World Just Dropped the Ultimate Manga-Inspired Streetwear Collab

PSA to all streetwear stans: JACK&JONES just teamed up with Smiley World and launched a limited-edition collection that’s straight out of your anime dreams. Think bold manga vibes, oversized fits, and graphics that scream main character energy.

This isn’t your basic drop. We’re talking loud back-prints, mood-matching colours, and silhouettes so cool they basically walk themselves. From statement shirts and oversized tees to chill sweatpants, sliders, and caps, this collection is made to turn heads—whether you’re hitting the streets or the ‘Gram.

Scene-stealers? The oversized manga-art shirts that serve drama and comfort. The palette hits different too—moody, grungy, yet bold enough to pop in your feed. It’s the kind of drip that doesn’t just fit in; it stands way out.

Remsons Industries financial results for Q4 and FY25

Mumbai, May 21, 2025

Remsons Industries Ltd., a leading player in the automotive components sector, has announced its highest ever annual performance, with a revenue of over ₹377 crores. The company also reported a 20% YoY growth in Consolidated EBITDA and a 19% YoY increase in Profit Before Tax (PBT), a testament to its robust operational execution and strategic vision. On a Q4FY25 basis also the Revenue and EBITA grew at 31% and 37% over Q4FY24.

“We’ve not only met our targets, but we’ve shattered our past records,” said Mr. Krishna Kejriwal, Chairman and Managing Director. “This is a defining moment in Remsons’ journey, and we’re just getting started.”

Global Momentum & Strong Order Pipeline

Remsons secured significant orders from global OEMs, reinforcing its position as a trusted partner in the automotive supply chain. The company’s order book now stands at ₹700 crores, setting the stage for sustained growth in the coming years.

Strategic Acquisitions Driving Innovation

In a bold move to future proof its portfolio, Remsons completed three major acquisitions:

• Uniautomation (Pune) – 55% stake (May 2024): Specialists in automotive sensors.
• Bee Lighting (UK) – 51% stake (Oct 2024): A marquee name in automotive lighting and styling.
• Magal Cables (UK) – 100% acquisition (Oct 2020): Experts in Cables, Winches, and Pedal Systems.

“These acquisitions are more than expansions, they’re strategic leaps into next-gen automotive technologies,” added Mr. Kejriwal.

Financial Strength & Innovation Focus

With a healthy debt-to-equity ratio of 0.63, Remsons continues to maintain strong financial discipline while aggressively investing in R&D and innovation. The company is building a robust pipeline of future-ready products to meet evolving industry demands.

“We’re investing in the future — in technology, in talent, and in transformation. Remsons is on a mission to redefine mobility,” Mr. Kejriwal concluded.

IMFA Stays Strong Amid Market Volatility, Eyes Sustainable Future

Bhubaneswar, May 21, 2025: Indian Metals & Ferro Alloys Ltd (IMFA; estd 1961), the country’s leading fully integrated producer of ferro alloys, has announced results for Q4 and full year ended March 31^st, 2025.

Business Highlights

• Chrome Ore raising crossed 700,000 lakh tonnes mark for the first time
• Work has started on the 100,000 tpa ferro chrome expansion at Kalinganagar
• Agreementsigned with leading RE companies for 110 MW hybrid renewable energy on RTC basis
• Ethanol Project on track to be commissioned in Q4 FY26

Financial Performance

Standalone for Q4 FY25

Financial Highlights                                                                                                                             (in cr)

Operational Highlights

Management Comment

Commenting on the results, Mr Subhrakant Panda, Managing Director said: “Despite a challenging macroeconomic environment and depressed commodity prices during Q4, IMFA demonstrated resilience by leveraging its fully integrated business model and long term debt free Balance Sheet along with a sharp focus on operational efficiency. With ferro chrome prices recovering from its recent lows, we are seeing improved margins in the ongoing quarter which will translate into better financial performance going ahead.”

Mr Panda added: “The Kalinganagar Project, which will increase production capacity by 40%, is on track and we expect to start operations in Q2 FY27. We have tied up with leading RE companies for hybrid renewable energy timed with our expansion plans, and this will substantially reduce our carbon footprint. Similarly, the diversification into ethanol looks to effectively utilise available infrastructure and will be value accretive.”

Market Commentary – Q4 FY26 and Outlook

Commodity markets in general were affected by geopolitical disputes and uncertainty brought about by trade policy related developments. As a result, ferro chrome prices in particular corrected sharply making it unviable for most producers, especially as chrome ore prices remained elevated due to supply constraints. South Africa continued to experience high logistics and electricity costs, and Glencore announced that it would curtail ferro chrome production until market conditions were more conducive.

There has been a noticeable turnaround in ferro chrome prices, supported by measures taken by China to support domestic consumption. Moreover, the announcement of a preliminary deal to walk back reciprocal tariffs by the US and China is also a positive development. As such, a positive bias for ferro chrome prices is expected in the first half of FY26 especially given higher input costs.

Continental Coffee Introduces Its First Lemon Iced Tea Premix – A Refreshing New Beverage

Hyderabad, May 21, 2025: Continental Coffee, one of India’s leading beverage brands and a subsidiary of CCL Products (India) Limited, has launched a refreshing new addition to its growing portfolio – the Continental THIS Lemon Iced Tea Premix. Available pan-India, this marks CCL’s first consumer-facing product in the tea segment previously offered only through institutional formats under the brand Continental Chaay.

The Lemon Iced Tea Premix will be available in two convenient formats – a 400g pouch and a 140g stick pack (10g x 14 sticks) catering to both individual and family consumption. On the distribution front, the product will be accessible across general trade and modern retail outlets. For digital-first consumers, it will be live on major e-commerce and quick commerce platforms including Big Basket, Blinkit, Swiggy, Zepto and Amazon.

Speaking about the launch, Raja Chakraborty, CMO, Continental Coffee, said: “At Continental Coffee, we’re constantly innovating to meet evolving consumer preferences. We observed two strong insights – first, that many young Indians grew up drinking lime-based beverages like Rasna, Rooh Afza or lime soda during summers, but Lemon Iced Tea wasn’t commonly made at home. Second, with home-prepared iced tea now becoming a fast-growing trend, we saw a clear opportunity. Our Lemon Iced Tea premix addresses this gap, making it easy, accessible and delicious to prepare café-style iced tea at home.”

Preetam Patnaik, Head of Marketing, Continental Coffee, added: “Today’s generation is exploring a wide range of beverage options when they step out—seeking variety, refreshment, and new experiences. Naturally, they want to recreate that same excitement and convenience when they’re back home. With our Lemon Iced Tea premix, we’re bringing that out-of-home experience indoors—offering a refreshing, easy-to-make option that’s both familiar and contemporary. Perfect for the Indian summer, this launch reflects our ongoing commitment to meeting evolving consumer needs with locally inspired innovations.”

The launch is a testament to CCL’s consumer-first approach, offering more than just hot beverages and expanding into refreshing drink formats for all seasons. The product offers the convenience of an instant mix while delivering the same zesty, cooling experience that iced tea lovers crave during India’s long summer months.

MG Windsor Exclusive PRO Debuts with Bigger Battery, Premium Features

Gurugram, May 21, 2025: Continuing its momentum in the Indian EV sector, JSW MG Motor India today launched the MG Windsor Exclusive PRO variant, further expanding its electric vehicle offerings. The MG Windsor Exclusive PRO variant will be available at an ex-showroom price of INR 17,24,800 and BaaS price of INR 12.24L + INR 4.5/km. Starting today, customers can book this car at their nearest MG dealership by paying a sum of INR 11,000 and the deliveries of this variant will commence in the first week of June. Bringing together luxury and practicality, the Exclusive PRO variant offers the signature comfort of the MG Windsor alongside a larger battery pack for worry-free long-distance travel.

Speaking on the launch, Rakesh Sen, Head of Sales, JSW MG Motor India, said, “The overwhelming response to the MG Windsor PRO is evident, with more than 8,000 bookings recorded within 24 hours of its launch. With the top variant now established, we are expanding accessibility of the MG Windsor by introducing the Exclusive PRO variant, offering a larger battery pack alongside premium comfort and convenience. This move is intended to bring the MG Windsor PRO closer to more customers.”

The MG Windsor Exclusive PRO features the futuristic AeroGlide design language and is built on MG’s Global Smart Electric Platform, renowned for its reliability. The new interiors are plush, and the reclinable (up to 135 degrees) The Aero Lounge seats make every journey a premium experience. Its immersive technology, powered by i-SMART # with 80+ connected features,100+ AI-based voice commands, and entertainment features, is powered by a massive 15.6” GRANDVIEW Touch Display in the central console, fitted with nine speakers.

JSW MG Motor India will offer a lifetime battery warranty to the first owner of the MG Windsor PRO. In addition, the company will extend its 3-60 assured buyback plan for the MG Windsor PRO ensuring that it’ll retain 60% of its value after 3 years.

Finesse Cyberhub Automates Suryoday Bank’s Cybersecurity Infrastructure with Securaa’s AI-Powered SOAR Platform

India, May 21, 2025: Finesse, a leading holistic digital transformation partner, has successfully implemented Securaa, an advanced security orchestration, automation, and integration (SOAR) platform, for Suryoday Bank, a prominent financial institution in India. This integration marks a significant enhancement from their previous manual security processes to Securaa’s automated and efficient threat management system.

Suryoday Bank’s extensive range of banking services and its commitment to innovation demanded a more effective cybersecurity solution to safeguard its complex IT infrastructure. The legacy manual processes, which involved handling numerous security alerts and threat information through email, no longer, met the demands of the bank’s growing operations, highlighting the need for a more sophisticated and streamlined solution.

Finesse Cyberhub Team conducted a thorough evaluation of the bank’s security needs and identified Securaa as the ideal platform. This advanced system provides automated threat analysis and response, seamless integration with existing tools, and improved efficiency in managing security incidents. Securaa now processes threat information automatically, quickly blocking harmful activities and reducing delays in response times.

The integration of Securaa has brought substantial benefits, including faster threat detection and response, streamlined operations, and enhanced overall security posture. The new system has drastically reduced the time required to handle and block threats, enabling the SOC team to act swiftly and efficiently.

“We are grateful to the Suryoday Bank for trusting Finesse and partnering with us to streamline their security processes using SOAR solution (Securaa),” said Gaurav Gupta, AVP -Sales, Finesse Global. “We are excited about this opportunity and will continue to work closely with Suryoday Bank to ensure this initiative meets its goals, thereby bringing exponential benefits to Suryoday Bank”.

By adopting Securaa, Suryoday Bank demonstrates its commitment to leveraging cutting-edge technology to maintain a secure and resilient IT environment. This strategic upgrade reflects the bank’s proactive approach to cybersecurity and its dedication to staying ahead of emerging threats.

“AI-driven SOAR (Security Orchestration, Automation & Response) solutions are transforming the way security operations are managed. At Securaa, we leverage artificial intelligence to automate repetitive tasks, enhance threat detection, and accelerate response time,” said Rajesh Krishna, Founder & CEO, Securaa. “Our platform empowers SOC teams to focus on critical analysis while automating actions across use cases such as phishing detection, IOC blocking, and ransomware prevention. The successful deployment at Suryoday Bank highlights how intuitive, AI-powered playbooks can reduce response times from 48–72 hours to under a minute, ensuring a proactive and resilient cybersecurity posture”.

SOAR (Security Orchestration Automation & Response) Solutions are an anthology of technologies designed to automate using API, scale, and make security operations teams more efficient. It exists to optimize analysts’ skills by automating monotonous tasks and helping organizations streamline security operations in the mentioned key areas: Use cases, Threat Intel, and Incident management and auto-response.

Finesse Cyberhub, as a system integrator and Securaa as OEM and a holistic digital transformation partner, has played a pivotal role in this advancement, offering not only an advanced security solution but also a comprehensive approach to digital innovation. This collaboration highlights Finesse Cyberhub’s expertise in delivering end-to-end solutions that enable organizations to thrive in an increasingly complex and secure digital landscape.

“We choose Securaa over other SOAR platforms and find it a holistic and value-for-money proposition. Playbooks configurations are quite simple to design, and over the period, our management trainees(MTs) are creating new playbooks. We build certain playbooks to turn around indicators to apply in a normal course from 48-72 hours to a minute. Playbooks on the use cases like IOCs blocking, SOC use cases automation, inbound/outbound malicious traffic, phishing email detection, known Ransomware family prevention, Unknown Ransomware family prevention etc,” said Anshuman Pund, Chief Information Security Officer, Suryoday Bank. “This integration marks a significant enhancement from manual security processes to Securaa’s automated and efficient threat management system”.