Latest news with #Belagavi-based
The Hindu
7 days ago
- Business
- The Hindu
Aequs files for an IPO on a confidential basis
Aequs Limited, Belagavi-based aerospace company, has decided to issue an Initial Public Offer on a confidential basis. A pre-filed a draft red herring prospectus (DRHP) for an initial public offering (IPO) on a confidential basis has been filled with the stock markets regulator, SEBI, and stock exchanges. It was announced on Tuesday. (June 3, 2025). The Board of Directors of Aequs Ltd. recently passed a resolution for approval to change its status to a public company and rename it from 'Aequs Private Limited' to 'Aequs Limited', as per its regulatory filing. The company is reportedly planning to launch an IPO worth $200 million, as per sources and past media reports. The offer will comprise both a fresh issue of equity shares and an offer for sale (OFS) component, according to company's regulatory filings. The company declined to comment. The book running leading managers to the IPO reportedly are Kotak Mahindra Capital, JM Financial and IIFL Capital. Aequs had received significant equity infusion over the years from its promoters to scale operations of the company. Additionally, it has attracted global investors such as Amicus Capital, Amansa Capital, Steadview Capital, Catamaran (the family office of Infosys founder N. R. Narayana Murthy), Sparta Group and the investment office of Desh Deshpande, as per publicly available information. The total income of the company was around Rs. 988 crore in FY24 and the total operating income was Rs. 970 crore in FY24. The company derives financial flexibility from continued promoter's support, the report said. ,p Aequs runs manufacturing operations across three countries – India, France, and the USA, to provide supply chain efficiencies to its global customer base in multiple industry verticals. Further, it operates three manufacturing clusters (Belgavi, Hubballi & Koppal) in Karnataka, India. Media reports mentioned that Aequs along with Tata Electronics, Motherson Group & Jabil are now producing mechanical components for Apple products. This is the only manufacturing facility outside of the Americas for Tramontina. Apart from making products for Tramontina worldwide, said a release.
Time of India
24-05-2025
- Entertainment
- Time of India
Beyond sight: Visually impaired band breaks barriers to create fusion music in Karnataka
Bengaluru: What does it take to create music without seeing a single note or instrument? For visually impaired musicians, the answer lies in extraordinary hearing, memory, and relentless practice. Far from being limited by their lack of sight, these artists transform challenges into strengths, mastering complex instruments and rhythms through sound alone. Yet, despite their immense talent, visually impaired musicians often remain invisible in the mainstream music world, facing limited opportunities, deep-rooted stereotypes, and a lack of recognition. To challenge this, a Belagavi-based band of visually impaired musicians, Visionary Rhythms, is ready to rewrite the narrative with their debut performance in Bengaluru. The band is set to perform in Sri Krishnadevaraya Kalamandira, behind Chowdiah Memorial Hall, on June 1 from 5.30pm. Santosh Puri, a tabla maestro with years of experience, said: "Whether sighted or blind, musicians don't really look at their instruments while playing. They face the audience and play by listening and feeling. Vision is not a necessity; what matters most is hearing power and concentration." According to him, the learning process, known as riyaz (practice), is the key to mastery. "We always tell students: practice makes it perfect. Hard work will make you a master." Santosh's band exemplifies a fusion of Indian classical and Western music. Classical instruments like tabla, harmonium, flute, and violin blend with Western instruments such as keyboards and drum sets. Even their attire reflects this mix, with traditional Indian kurtas paired with Western-style jackets. This fusion is not only musical but cultural, aimed at engaging a wider audience and breaking musical boundaries. The band's harmonium player, Mazhar Shaikh, pointed out that the real challenge lies beyond learning music — it is in gaining opportunities and recognition. "There is no problem in creation or effort, nor in teaching or learning. The problem is in presentation and getting chances," he said. Mazhar highlighted the stigma and logistical concerns organisers often have, fearing blind musicians cannot navigate stage setups independently. "Many think we need special assistance or signage on stage, which limits our chances to perform." Violinist Sanjay Upadhye shared his personal journey of finding his place in music: "Initially, I was trained in singing and harmonium, but my teachers noticed my potential and guided me to violin due to the instrument's suitability for visually impaired artists. Violin is known as a blind man's instrument because it has no frets or markers; you create perfect notes by feel and memory." Flautist Prashant Baniya added how collaboration among visually impaired musicians as a band has been transformative for him as a musician. "I was playing the flute for over 20 years. It started simply because my father saw me at a fair with a flute. When I met my bandmates, we instantly realised that together, we could do something special. We were all doing well individually, but when we joined to form a band, the synergy created something new. Sighted musicians rely on eye contact for coordination, but we depend on our hearing. That is our strength," he said.
Time of India
11-05-2025
- General
- Time of India
Nod to axe 31 trees in Belagavi Cantonment sparks outcry
Belagavi: A total of 31 trees in Belagavi Cantonment area are set to be axed following official approval, sparking strong reactions from environmental groups and concerned Cantonment Board confirmed that the tree-felling proposal was finalised and necessary permissions were secured. The trees identified for removal include a variety of species such as Nilgiri (eucalyptus), mango, silver oak, gulmohar, and champak. These trees are spread across several prominent zones within the cantonment e-auction was held recently to award the tree-felling contract. Belagavi-based firm AK Hawaldar Wooden Packers won the bid with an offer of Rs 2.1 lakh. The auction, held on May 5, attracted interest from three firms in Pune and Goa, with the final decision announced following the Cantonment Board meeting on May per official documents, the trees to be felled include 16 Nilgiri trees from the Church Road Garden and Saint Mary Church, 4 mango trees along New Mochi Line and Thimmaiah Road, 4 gulmohar trees at the Cantonment Board office premises, and one silver oak, totalling of the Cantonment Board stated that the decision was taken following environmental norms and guidelines. "All required permissions were obtained, and the tender process was conducted transparently," they this, environmental activists have expressed disappointment. "Tree cutting in urban areas like Belagavi must be approached with caution. Such a large-scale removal will affect local biodiversity and contribute to rising temperatures," said Lingaraj Jagajampi, an activist from a local environmental issue of frequent tree felling in Belagavi has become a growing concern, with citizens urging authorities to prioritise sustainable development and green cover preservation. Several residents have voiced opposition to the decision, citing lack of replantation plans or compensatory afforestation, Jagajampi said. As the contractor begins work on-site, the move continues to draw criticism from environmentalists, who are demanding greater transparency and ecological accountability from the Cantonment Board. Get the latest lifestyle updates on Times of India, along with Mother's Day wishes , messages , and quotes !
Time of India
11-05-2025
- General
- Time of India
31 trees to be felled in Belagavi Cantonment area, environmentalists raise concerns
BELAGAVI : A total of 31 trees in the Belagavi Cantonment area are set to be axed following official approval, sparking strong reactions from environmental groups and concerned citizens. The Cantonment Board confirmed that the tree-felling proposal was finalised and necessary permissions were secured. The trees identified for removal include a variety of species such as Nilgiri (eucalyptus), mango, silver oak, gulmohar, and champak. These trees are spread across several prominent zones within the cantonment limits. An e-auction was held recently to award the tree-felling contract. Belagavi-based firm AK Hawaldar Wooden Packers won the bid with an offer of Rs 2.16 lakh. The auction, held on May 5, attracted interest from three firms in Pune and Goa, with the final decision announced following the Cantonment Board meeting on May 8. Operation Sindoor Amid flare-up hours after thaw, officials say things will settle down with time Ceasefire on, but pressure stays: Key decisions by India against Pak that still stand 'Will work with India & Pakistan to seek solution on Kashmir': Trump As per official documents, the trees to be felled include 16 Nilgiri trees from the Church Road Garden and Saint Mary Church, 4 mango trees along New Mochi Line and Thimmaiah Road, 4 gulmohar trees at the Cantonment Board Office premises, and one silver oak, totalling 31. Officials stated that the decision was taken following environmental norms and guidelines. 'All required permissions were obtained, and the tender process was conducted transparently,' said the officials of the Cantonment Board. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Prime Swing Trader Mr. Hemant Shares His Winning Strategy for Free! TradeWise Learn More Undo Despite this, environmental advocates have expressed disappointment. 'Tree cutting in urban areas like Belagavi must be approached with caution. Such a large-scale removal will affect local biodiversity and contribute to rising temperatures,' said Lingaraj Jagajampi, an activist from a local environmental group. The issue of frequent tree felling in Belagavi has become a growing concern, with citizens urging authorities to prioritise sustainable development and green cover preservation. Several residents have voiced opposition to the decision, citing the lack of replantation plans or compensatory afforestation, Jagajampi said. As the contractor begins work on-site, the move continues to draw criticism from environmentalists, who are demanding greater transparency and ecological accountability from the Cantonment Board. Get the latest lifestyle updates on Times of India, along with Mother's Day wishes , messages , and quotes !
The Hindu
06-05-2025
- Business
- The Hindu
Belagavi start-up launches AI-based agriculture app
Belagavi-based SBOF Agrosmart Private Limited has launched SBOF Agrosmart, which is being billed a India's first AI-based all-in-one agriculture app. It will provide all-round support to farmers and could lead to a revolution in agriculture, according to start-up founders Savio Pereira and Swati Pereira. Farmers across India are facing increasing uncertainty — climate change, market price fluctuations, pest & disease outbreaks, lack of timely information, low-quality inputs, and difficulty accessing government schemes and modern tools. SBOF Agrosmart attempts to bridge this gap through a smart, digital-first approach that delivers real-time, region-specific, and data-driven agricultural solutions. Backed by a decade of experience in fertiliser manufacturing and agri-inputs, the company has come up with a futuristic platform powered by Artificial Intelligence, IoT, and expert-driven agriculture advisory services. The app has an in-built chat bot for round-the-clock support in multiple languages. PWD Minister Satish Jarkiholi launched the app in Belagavi in the presence of MLA Asif (Raju) Sait, BUDA Chairman Laxmanrao Chingale, DCC Bank President Appasaheb Kulgode, former minister Veerakumar Patil, former MLAs Sham Bheem Ghatge, Arvind Patil, and Kakasaheb Patil.
