Latest news with #AnilJain
Hindustan Times
18-05-2025
- Politics
- Hindustan Times
BMC gives permission for temporary shed for Vile Parle Jain Temple idols
MUMBAI: Nearly a month after the Brihanmumbai Municipal Corporation (BMC) razed most of the 90-year-old Digambar Jain Temple in Vile Parle amid widespread protests, the civic body has now permitted the construction of a temporary shed over the temple's idols ahead of the monsoon season. The move follows a Bombay high court (HC) order issued on Wednesday, directing the Shree 1008 Digambar Jain Mandir Trust to formally apply to the BMC for interim shelter. Responding to the court's directive, the BMC approved the shed on Friday. Permission has been granted for a 232-square-metre structure at a nominal charge of ₹77 per square metre—amounting to ₹17,877. The approval is valid till October 31, contingent on the payment, which the temple trust confirmed has already been made. 'We will begin constructing the shed from Sunday,' said Anil Jain, trustee of the temple trust. 'The idols, the temple premises, and the saints who visit currently have no shelter. At the same time, we continue our legal battle against what we believe was an illegal demolition by the BMC. We are demanding that the temple be rebuilt.' In the wake of the incident, the Bombay high court has ordered a status quo to prevent further action at the site. BJP MLA Mangal Prabhat Lodha, who met with civic officials and temple trustees on Friday when the shed was approved, welcomed the development. 'This is not merely about religious sentiment, but a matter of public faith. We stood by the Jain community, and this decision reinforces their belief in justice,' he said. Lodha had earlier written to the assistant commissioner of the K-East ward on April 24, highlighting alleged encroachments in the same area by the Neminath Cooperative Housing Society and Radhakrishna Hotel, and demanded similar action.
Yahoo
15-05-2025
- Business
- Yahoo
Jain Irrigation Systems Ltd (BOM:500219) Q4 2025 Earnings Call Highlights: Strong Export Growth ...
Release Date: May 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Jain Irrigation Systems Ltd (BOM:500219) reported a 16.8% growth in its high-tech division, which includes micro irrigation and tissue culture, indicating strong performance in these segments. The company successfully reduced its debt by 104 crores, improving its financial health. Cash flow from operations was significantly better, with a conversion rate of 127% from EBITDA, highlighting efficient cash management. Export performance was robust, with a 43% increase in the current quarter, showcasing strong international demand. The company is optimistic about FY26, expecting substantial revenue growth and further debt reduction by at least 400 crores. Overall revenue growth was modest at 1.3%, indicating challenges in expanding sales across all segments. The plastic processing business experienced a decline due to reduced government orders and softening PVC resin prices. Annual consolidated revenue and EBITDA were lower than the previous year, reflecting a challenging first half of the fiscal year. The company faced a 20% volume loss in the piping segment due to a lack of government orders and climate issues. There are ongoing concerns about delayed payments from government projects, impacting cash flow and financial planning. Warning! GuruFocus has detected 4 Warning Signs with BOM:500219. Q: What is the progress on the tissue culture of coffee project with the Indian Coffee Board? A: Anil Jain, CEO and Managing Director, stated that the initial MOU has been signed, and trial supplies have been made for pilot projects. The results have been positive, and larger orders are anticipated towards the end of the year. Q: Are there any updates on government receivables and expected payments? A: Anil Jain mentioned that they received INR 200 crore from the government this year and expect to receive INR 450-500 crore in the coming year, as some projects have been recently completed. Q: Is there any plan to list your subsidiary? A: Anil Jain noted that discussions are ongoing with their private equity partner, but no decision has been made yet. A decision will be based on market conditions and board consultations. Q: How do you plan to manage the expected growth without additional working capital? A: Anil Jain explained that the growth will be funded through internal accruals. They expect to generate enough cash flow to cover working capital needs, CapEx, and still reduce debt by INR 400 crore. Q: What are the key drivers for the expected growth in revenue and EBITDA? A: Anil Jain highlighted growth in tissue culture, solar water pumps, and exports as key contributors. They also expect recovery in the piping segment and continued growth in micro-irrigation systems. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-05-2025
- Business
- Yahoo
Nomiso Celebrates Four Years of Innovation and Launches Smart Agent Framework
ENGLEWOOD, Colo., May 6, 2025 /PRNewswire/ -- Nomiso, a leader in co-engineering and AI-driven solutions, today announced the launch of its Smart Agent Framework, coinciding with its four-year anniversary. The new platform empowers enterprises to create domain-specific AI agents, delivering faster, more precise solutions for complex business challenges. Built on Nomiso's core philosophy of first-principles thinking with deep domain Knowledge, the Smart Agent Framework extends the capabilities of out-of-the-box AI by integrating enterprise-specific knowledge bases and fine-tuning on proprietary data. Early deployments in Telecom Network and IT Operations and Fintech product development have shown dramatic improvements in software release velocity, defect detection accuracy, and breakthrough productivity in operations. "Innovation happens when you design for the problem, not around it," said Anil Jain, CEO of Nomiso. "The Smart Agent Framework helps organizations move from idea to impact faster — with solutions built for their unique challenges, not off-the-shelf templates." "Generic AI often falls short inside enterprises," added Chandra Narayanasamy, CTO of Nomiso. "Our framework bridges that gap by delivering adaptive, domain-centric intelligence that drives real business outcomes." With this launch, Nomiso continues its mission to help enterprises unlock the true potential of AI, turning complex problems into real-world growth opportunities. For more information, visit About Nomiso Nomiso is a software co-engineering company that partners with its clients in solving complex business problems with technology. Their problem-solving approach and product-thinking mindset helps businesses create differentiated solutions at speed and scale to drive enhanced value outcomes. Logo: View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Cision Canada
05-05-2025
- Business
- Cision Canada
Nomiso Celebrates Four Years of Innovation and Launches Smart Agent Framework
ENGLEWOOD, Colo., May 5, 2025 /CNW/ -- Nomiso, a leader in co-engineering and AI-driven solutions, today announced the launch of its Smart Agent Framework, coinciding with its four-year anniversary. The new platform empowers enterprises to create domain-specific AI agents, delivering faster, more precise solutions for complex business challenges. Built on Nomiso's core philosophy of first-principles thinking with deep domain Knowledge, the Smart Agent Framework extends the capabilities of out-of-the-box AI by integrating enterprise-specific knowledge bases and fine-tuning on proprietary data. Early deployments in Telecom Network and IT Operations and Fintech product development have shown dramatic improvements in software release velocity, defect detection accuracy, and breakthrough productivity in operations. "Innovation happens when you design for the problem, not around it," said Anil Jain, CEO of Nomiso. "The Smart Agent Framework helps organizations move from idea to impact faster — with solutions built for their unique challenges, not off-the-shelf templates." "Generic AI often falls short inside enterprises," added Chandra Narayanasamy, CTO of Nomiso. "Our framework bridges that gap by delivering adaptive, domain-centric intelligence that drives real business outcomes." With this launch, Nomiso continues its mission to help enterprises unlock the true potential of AI, turning complex problems into real-world growth opportunities. About Nomiso Nomiso is a software co-engineering company that partners with its clients in solving complex business problems with technology. Their problem-solving approach and product-thinking mindset helps businesses create differentiated solutions at speed and scale to drive enhanced value outcomes.
New Indian Express
01-05-2025
- Politics
- New Indian Express
Telangana irrigation officials urge NDSA chairman to declare NSP ownership
HYDERABAD: Stating that they were facing a lot of problems in taking up repairs at the Nagarjunasagar Project (NSP) due to the 'attitude' of the Andhra Pradesh government, the irrigation officials of Telangana on Wednesday requested the National Dam Safety Authority (NDSA) chairman Anil Jain to declare who the owner of the project is. The NDSA chairman, who is on a three-day tour of the sibling state, held a meeting with Telangana Irrigation officials here on Wednesday. During the meeting, the Telangana officials said that the temporary maintenance of NSP was being carried out by them while the temporary maintenance of Srisailam Dam was being done by their Andhra Pradesh counterparts. However, in November 2023, the government of AP deployed a huge police force on the right side of NSP, they added. Meanwhile, the NDSA chairman enquired about the steps being taken by Telangana to implement the National Dam Safety Act. Dam break analysis Irrigation Engineer-in-Chief G Anil Kumar informed Anil Jain that they were preparing the dam break analysis. The NDSA chairman suggested the officials prepare pre-monsoon and post-monsoon reports for every project every year. There should be a special operation and maintenance (O&M) manual for every project, he said. Responding to this, Anil Kumar wanted the NDSA chairman to decide the owner of the NSP. He said that they were facing problems in carrying out the repairs to Nagarjunasagar and the project was in danger.
