Latest news with #HTSyndication
India Gazette
a day ago
- Business
- India Gazette
Monolithisch India Limited launches Rs 82.02 crore IPO
HT Syndication Ranchi (Jharkhand) [India], June 9: Headquartered in Ranchi, Monolithisch India Limited, the manufacturer of specialized ramming mass has announced the launch of its Initial Public Offering (IPO) on the NSE Emerge platform. The IPO opens on June 12, 2025, and closes on June 16, 2025, with a price band of Rs 135 to Rs 143 per equity share. Envisages to set up new manufacturing plant of ramming mass used in the Induction furnaces of iron & steel industry. The manufacturer of silica based ramming mass, will issue 57,36,000 equity shares aiming to raise Rs 82.02 crores. The face value of equity shares is Rs 10 each. The issue is being managed by Hem Securities with KFin Technologies Limited as registrar to the issue. The minimum application lot is 1,000 shares. The company has put 27,23,000 shares on block for Qualified Institutional Buyers (QIB), 8,18,000 for Non-Institutional Investors (NII), 19,07,000 for Retail Individual Investors (RII) and remaining 2,88,000 for Market Markers (MM). The capital raised will be deployed towards: * Funding capital expenditure of Rs 16.58 crore towards setting up a manufacturing by purchasing land, building of factory shed, civil work and installation of plant and machinery therein. This expansion will raise the total installed capacity to approximately 250000 MTPA. * Investing Rs 27.90 crore in subsidiary Metalurgica India Pvt. Ltd. for land purchase, building of shed, civil work and installation of plant machinery. * Meet working capital requirement to the tune of 20 Cr. * Funding general corporate initiatives Company at a Glance Monolithisch India Limited, founded in 2018, is a manufacturer of specialized ramming mass used in induction furnaces up to 45MT by iron & steel producers. The company operates a 132,000 MTPA manufacturing plant in Purulia, West Bengal, and serves iron & steel producers located in the eastern part of India, with most of the customers and raw material suppliers located in nearby states to the company's manufacturing facility. The company produces five grades of ramming mass made out of alpha-quartzite and stone boulder & has developed different grades with different specifications and additives to serve furnace of different sizes and make. The customer base has seen almost 53% rise from 41 customers in FY23 to 63 customers in FY25. It strives to expand its position in additional geographical markets. Track record of healthy financial performance * Revenue CAGR (FY23-FY25): 52.46% * FY25 Revenue: Rs9,734.43 lakhs * EBITDA-Rs2106.24 lakhs (21.64%) * Net Profit: Rs1,448.80 lakhs (14.88%) * ROE- 53.94% * ROCE: 46.22% * Net Worth: Rs3,520.48 lakhs * Debt-to-Equity 1 * Customer Repeat Rate (FY24): 61.44% Leadership Monolithisch is led by Mr. Prabhat Tekriwal, Chairman and CFO, who brings over 36 years of experience in the refractory industry; Mr. Harsh Tekriwal, Managing Director and a Cardiff University alumnus, brings an experience of 7 years; and Mrs. Sharmila Tekriwal, Executive Director, with an experience of 23 years in the refractory material industry. Advantages of Quartz based ramming mass The quality of ramming mass has a direct impact on the heating performance of the furnaces leading to the smooth working of furnaces, optimum output and better metallurgical control. It comes in three variants - acidic (made from silica), basic (made from magnesia) and neutral (made from alumina). Silica ramming mass (also known as acidic ramming mass) is the most commonly used owing to its inherent advantages and application in the induction furnace of the steel industry. The advantage of quartz ramming mass lies in its lowest thermal conductivity resulting in low energy loss, low expansion coefficient leading to the stable lining, and good resistance to temperature. The cost is 10-20% lower as compared to alumina or magnesia based ramming mass. Industry Outlook India is the second-largest producer of crude steel as well as the second-largest consumer of finished steel in the world. The sector contributes to about 2% of the total GDP of the country. Indian steel sector is further bifurcated into the primary and secondary steel sector based on their production pathways. Overall the secondary sector, accounts for 40% steel production in India. The value chain of the secondary steel sector involves the production of sponge iron through the direct reduction route (DRI), which is followed by the production of crude steel (semi-finished steel) through Electric Arc Furnaces (EAF) or Induction Furnaces (IF). The National Steel Policy (NSP) 2017 envisages 300 million tonnes steelmaking capacity and 160 kgs per capital steel consumption by 2030. Investor and Media Contact: Corporate Communications - Monolithisch India Limited Shri Gopal Complex, Kanke Road, Ranchi - 834008 * Email: info@ Website: Forward-Looking Statement: Certain statements in this release may be forward-looking in nature, involving risks and uncertainties that may cause actual outcomes to differ materially. Monolithisch India Limited does not undertake to update these statements publicly. (ADVERTORIAL DISCLAIMER: The above press release has been provided by HT Syndication. ANI will not be responsible in any way for the content of the same)
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Business Standard
6 days ago
- Business
- Business Standard
Occams Advisory Hosts AI-Finance Roundtable and Inaugurates New Delhi Office
HT Syndication New Delhi [India], June 4: In a landmark moment for the Occams ecosystem, Occams Advisory, a global consulting firm specializing in corporate finance, tax, audit, and AI-led transformation, hosted the AI-Finance Roundtable in conjunction with the formal inauguration of its new office at Espire Campus, New Delhi. The full-day event brought together industry leaders, policymakers, and finance professionals to explore how artificial intelligence is transforming global finance, while celebrating Occams Advisory's strategic expansion in India. A Day of Dialogue, Innovation & Growth The day commenced with a ribbon-cutting ceremony and office tour, officially marking the opening of Occams Advisory's New Delhi location. This expansion underscores the firm's long-term commitment to serving clients more closely in India's fast-evolving financial and regulatory landscape. Following the formal inauguration, guests engaged in networking, a team recognition ceremony, and interactive merchandise sessions, setting the stage for the key segment of the day--the AI-Finance Roundtable. Roundtable Highlights The roundtable began with opening remarks by Anupam Satyasheel, Founder & CEO of Occams Advisory, who emphasized India's pivotal role in shaping the global future of finance and technology. His address set the tone for a forward-looking dialogue on innovation, regulation, and AI integration in financial systems. The keynote address was delivered by Shri Kapil Malhotra, Trade Commissioner for Ontario, High Commission of Canada. Titled "From Innovation to Expansion: Investing in AI Opportunities in Ontario," his talk highlighted the growing cross-border potential for AI- driven innovation, particularly between India and Canada. He stressed the importance of international collaboration in scaling transformative technologies. The first panel discussion, "Reverse Flip into India - Strategic, Legal & Tax Perspectives on Internalization," focused on emerging trends such as the increasing interest in India-based IPOs, the strategic value of Production Linked Incentive (PLI) schemes, and challenges presented by outbound corporate structures. Speaking during the session, Rajat Garg of Occams Advisory remarked, "Outbound structures often create friction with capital flow, board control, and tax leakage -- hence, reversal is both strategic and corrective." His insights anchored the conversation around why many companies are now considering a return to Indian domiciles. Other notable panelists included Karan Sahi from KPMG, Upendra Upadhyay from Crowd Sourcing Analytics, and Manangad S. Lamba from Nangia Andersen India, who brought diverse perspectives to the discussion on financial structuring and compliance in a globalized environment. In the second segment, "Assurance, Risk & Compliance Automation," panelists explored how AI technologies--such as continuous audit engines, anomaly detection models, and intelligent workflows--are revolutionizing financial assurance. The discussion underscored how these tools not only improve accuracy and governance but also streamline compliance across jurisdictions, helping organizations meet standards like GAAP, IFRS, and local regulations more efficiently. Nitin Aggarwal, CEO-India at Occams Advisory, delivered the Welcome Note and Vote of Thanks. He reiterated the firm's vision of building an agile, AI-enabled, and globally compliant financial future of professional services. He also shared Occams Advisory's ambition of becoming one of the top 30 financial professional services firms globally by 2030 and introduced the firm's upcoming Bitcoin Treasury Services, designed to help corporates strategically manage digital assets as part of their financial portfolios. About Occams Advisory Occams Advisory is a global consulting firm offering services in corporate finance, accounting, audit, tax, and AI-enabled business transformation. With a growing footprint in North America and India, the firm partners with clients to simplify complexity and accelerate scalable growth. Visit:
India Gazette
6 days ago
- Business
- India Gazette
Occams Advisory Hosts AI-Finance Roundtable and Inaugurates New Delhi Office
HT Syndication New Delhi [India], June 4: In a landmark moment for the Occams ecosystem, Occams Advisory, a global consulting firm specializing in corporate finance, tax, audit, and AI-led transformation, hosted the AI-Finance Roundtable in conjunction with the formal inauguration of its new office at Espire Campus, New Delhi. The full-day event brought together industry leaders, policymakers, and finance professionals to explore how artificial intelligence is transforming global finance, while celebrating Occams Advisory's strategic expansion in India. A Day of Dialogue, Innovation & Growth The day commenced with a ribbon-cutting ceremony and office tour, officially marking the opening of Occams Advisory's New Delhi location. This expansion underscores the firm's long-term commitment to serving clients more closely in India's fast-evolving financial and regulatory landscape. Following the formal inauguration, guests engaged in networking, a team recognition ceremony, and interactive merchandise sessions, setting the stage for the key segment of the day--the AI-Finance Roundtable. Roundtable Highlights The roundtable began with opening remarks by Anupam Satyasheel, Founder & CEO of Occams Advisory, who emphasized India's pivotal role in shaping the global future of finance and technology. His address set the tone for a forward-looking dialogue on innovation, regulation, and AI integration in financial systems. The keynote address was delivered by Shri Kapil Malhotra, Trade Commissioner for Ontario, High Commission of Canada. Titled 'From Innovation to Expansion: Investing in AI Opportunities in Ontario,' his talk highlighted the growing cross-border potential for AI- driven innovation, particularly between India and Canada. He stressed the importance of international collaboration in scaling transformative technologies. The first panel discussion, 'Reverse Flip into India - Strategic, Legal & Tax Perspectives on Internalization,' focused on emerging trends such as the increasing interest in India-based IPOs, the strategic value of Production Linked Incentive (PLI) schemes, and challenges presented by outbound corporate structures. Speaking during the session, Rajat Garg of Occams Advisory remarked, 'Outbound structures often create friction with capital flow, board control, and tax leakage -- hence, reversal is both strategic and corrective.' His insights anchored the conversation around why many companies are now considering a return to Indian domiciles. Other notable panelists included Karan Sahi from KPMG, Upendra Upadhyay from Crowd Sourcing Analytics, and Manangad S. Lamba from Nangia Andersen India, who brought diverse perspectives to the discussion on financial structuring and compliance in a globalized environment. In the second segment, 'Assurance, Risk & Compliance Automation,' panelists explored how AI technologies--such as continuous audit engines, anomaly detection models, and intelligent workflows--are revolutionizing financial assurance. The discussion underscored how these tools not only improve accuracy and governance but also streamline compliance across jurisdictions, helping organizations meet standards like GAAP, IFRS, and local regulations more efficiently. Nitin Aggarwal, CEO-India at Occams Advisory, delivered the Welcome Note and Vote of Thanks. He reiterated the firm's vision of building an agile, AI-enabled, and globally compliant financial future of professional services. He also shared Occams Advisory's ambition of becoming one of the top 30 financial professional services firms globally by 2030 and introduced the firm's upcoming Bitcoin Treasury Services, designed to help corporates strategically manage digital assets as part of their financial portfolios. About Occams Advisory Occams Advisory is a global consulting firm offering services in corporate finance, accounting, audit, tax, and AI-enabled business transformation. With a growing footprint in North America and India, the firm partners with clients to simplify complexity and accelerate scalable growth. Visit: (ADVERTORIAL DISCLAIMER: The above press release has been provided by HT Syndication. ANI will not be responsible in any way for the content of the same)
Business Standard
03-06-2025
- Entertainment
- Business Standard
DLF Malls X The Legends Immersive Cinema Hosts a Stunning Debut of Leonardo da Vinci & Vincent Van Gogh's Immersive Art Showcase
HT Syndication New Delhi [India], June 3: Delhi hosted an elite convergence of artistic mastery inside India's most experientially exquisite destination. On the premiere night, DLF Promenade, Vasant Kunj became the epicenter of an exclusive cultural event as Legends Immersive Cinema premiered its never-before-seen pairing of Leonardo da Vinci and Vincent Van Gogh. The inaugural shows - Da Vinci Genius followed by Van Gogh - An Immersive Story- marked an extraordinary moment where two legendary artists came together for the very first time globally, with India proudly hosting this historic premiere. This state-of-the-art experience reaffirmed cultural entertainment through a Cinematic Art Experience where audiences physically stepped into artworks rather than merely observing traditional exhibitions or looped projections. Both showcases proved to be masterpieces reimagined through European-grade technology, creating immersive storytelling that transformed visitors from passive observers into active participants within the artists' creative visions. The 4,300 sq. ft. venue showcased cutting-edge technology brought to India for the very first time, operating through 35 laser projectors, Dolby Atmos surround sound, and 13 interactive LiDAR sensors powered by the world's finest Disguise projection servers. The integration of AI-driven depth models and 3D immersive technologies debuted in Indian immersive productions, creating India's first AI-generated narrative where touch, motion, and QR codes unlocked live responses and digital storytelling in visitors' preferred languages. The premiere night witnessed an impressive gathering of Delhi's cultural elite, including prominent art gallery founders, influential KOLs from the creative community, and leading lifestyle influencers. Distinguished journalists from prestigious publications such as Lifestyle Asia, Architectural Digest, and other key media outlets were in attendance, alongside curated guests who represent the intersection of art, culture, and contemporary lifestyle. The event served as a cultural nexus bringing together tastemakers, art connoisseurs, and media personalities who shape India's evolving cultural landscape. A starry night come to life -- guests lose themselves in Van Gogh's world on a magical premiere evening. Da Vinci Genius delivered a 45-minute journey into the mind of history's greatest polymath, featuring projections of The Mona Lisa and The Vitruvian Man. Interactive elements allowed guests to animate Leonardo's inventions and engage in conversations with the Mona Lisa through Art Meets AI technology. Van Gogh - An Immersive Story brought the Dutch master's emotional world to life through 300+ animated works like Starry Night and Sunflowers in a deeply moving transformative visual experience enhanced by curated soundtracks and voiceover. The evening was elevated by Hendrick's, the evening's distinguished spirit partner, which curated bespoke cocktail experiences that complemented the artistic journey, creating a sophisticated atmosphere that perfectly matched the innovative nature of the immersive showcase. "The premiere of this world-class collaboration at DLF Promenade was nothing short of extraordinary," said Ms. Pushpa Bector, Senior Executive Director & Business Head, DLF Retail. "Witnessing visitors chat with Mona Lisa and walk through the Starry Night perfectly displays our philosophy of offering experiences that surprise and engage. This collaboration reinforces our commitment to cutting-edge entertainment that blends cultural enrichment. DLF Malls has been instrumental in curating immersive memorable social experiences that genuinely transform how India experiences art and going out." The evening's presentations demonstrated the revolutionary approach that distinguishes Legends Immersive Cinema from conventional displays. Rather than traditional projections running on continuous loops, each presentation unfolded as a complete next-gen cinematic journey with structured narrative arcs. Da Vinci Genius featured an original score by Grammy-winning DJ Sasha, completing this multisensory journey that has captivated over 50,000 visitors in Mumbai and achieved sold-out events worldwide. "This premiere represented the realization of our vision to bring world-class experiences to India," stated Mr. Tabish F Khan, Founder and Director of Theia Enterprise India. "From Van Gogh 360 in 2022 to Da Vinci Genius in 2024, and now Legends Immersive Cinema in 2025, this journey has been a testament to that dream. With incredible partners like DLF Malls, we are turning this vision into reality and proving India can host the most advanced cultural experiences globally." "The premiere demonstrated how visitors can now immerse themselves in the visionary minds of history's greatest artists," said producer Bert van der Ryd, managing director of Phoenix Immersive. "This immersive show, designed for all ages, combines incredible technology with robust educational aspects, offering fresh and captivating exploration that engages audiences who may not typically visit museums." "Van Gogh - An Immersive Story delivered yet another groundbreaking experience that perfectly resonated with Indian audiences," mentioned Mr. Prasad, CEO of iRealities. "The Indian market is vibrant and ever-evolving, and this premiere validated our commitment to delivering dynamic and captivating content that creates emotional connections across generations." The twin showcases continue their run through August, with twelve daily shows and limited audience capacity to preserve an intimate experience. This initiative propels India into the international wave of immersive cinema, establishing permanent venues nationwide with a blueprint for innovative storytelling. "Captivating the sights and sounds of Da Vinci and Van Gogh - beyond the canvas, into the mind. This is what art resembles in an AI enabled immersive world; Art that moves, a painting that you can step into, a journey through the swirling stars into Renaissance," said Mr. Siddhartha Natu, Vice President and Cluster head, DLF Retail. DLF in its continuous effort to create social engagements for the community has brought this experience to the heart of Delhi NCR. Following the successful Delhi premiere, the experience is expanding to Bangalore, Hyderabad, Kolkata, and more as part of Theia Enterprise India's ongoing mission to craft vivid, walk-through worlds for modern audiences. Legends Immersive Cinema caters to school groups, families, and art lovers, offering special packages for educational and corporate programs. Tickets remain available via BookMyShow, combining intellectual depth with family-friendly entertainment. For bookings and schedules, visit BookMyShow or contact DLF Promenade directly.
India Gazette
03-06-2025
- Entertainment
- India Gazette
DLF Malls X The Legends Immersive Cinema Hosts a Stunning Debut of Leonardo da Vinci & Vincent Van Gogh's Immersive Art Showcase
HT Syndication New Delhi [India], June 3: Delhi hosted an elite convergence of artistic mastery inside India's most experientially exquisite destination. On the premiere night, DLF Promenade, Vasant Kunj became the epicenter of an exclusive cultural event as Legends Immersive Cinema premiered its never-before-seen pairing of Leonardo da Vinci and Vincent Van Gogh. The inaugural shows - Da Vinci Genius followed by Van Gogh - An Immersive Story- marked an extraordinary moment where two legendary artists came together for the very first time globally, with India proudly hosting this historic premiere. This state-of-the-art experience reaffirmed cultural entertainment through a Cinematic Art Experience where audiences physically stepped into artworks rather than merely observing traditional exhibitions or looped projections. Both showcases proved to be masterpieces reimagined through European-grade technology, creating immersive storytelling that transformed visitors from passive observers into active participants within the artists' creative visions. The 4,300 sq. ft. venue showcased cutting-edge technology brought to India for the very first time, operating through 35 laser projectors, Dolby Atmos surround sound, and 13 interactive LiDAR sensors powered by the world's finest Disguise projection servers. The integration of AI-driven depth models and 3D immersive technologies debuted in Indian immersive productions, creating India's first AI-generated narrative where touch, motion, and QR codes unlocked live responses and digital storytelling in visitors' preferred languages. The premiere night witnessed an impressive gathering of Delhi's cultural elite, including prominent art gallery founders, influential KOLs from the creative community, and leading lifestyle influencers. Distinguished journalists from prestigious publications such as Lifestyle Asia, Architectural Digest, and other key media outlets were in attendance, alongside curated guests who represent the intersection of art, culture, and contemporary lifestyle. The event served as a cultural nexus bringing together tastemakers, art connoisseurs, and media personalities who shape India's evolving cultural landscape. A starry night come to life -- guests lose themselves in Van Gogh's world on a magical premiere evening. Da Vinci Genius delivered a 45-minute journey into the mind of history's greatest polymath, featuring projections of The Mona Lisa and The Vitruvian Man. Interactive elements allowed guests to animate Leonardo's inventions and engage in conversations with the Mona Lisa through Art Meets AI technology. Van Gogh - An Immersive Story brought the Dutch master's emotional world to life through 300+ animated works like Starry Night and Sunflowers in a deeply moving transformative visual experience enhanced by curated soundtracks and voiceover. The evening was elevated by Hendrick's, the evening's distinguished spirit partner, which curated bespoke cocktail experiences that complemented the artistic journey, creating a sophisticated atmosphere that perfectly matched the innovative nature of the immersive showcase. 'The premiere of this world-class collaboration at DLF Promenade was nothing short of extraordinary,' said Ms. Pushpa Bector, Senior Executive Director & Business Head, DLF Retail. 'Witnessing visitors chat with Mona Lisa and walk through the Starry Night perfectly displays our philosophy of offering experiences that surprise and engage. This collaboration reinforces our commitment to cutting-edge entertainment that blends cultural enrichment. DLF Malls has been instrumental in curating immersive memorable social experiences that genuinely transform how India experiences art and going out.' The evening's presentations demonstrated the revolutionary approach that distinguishes Legends Immersive Cinema from conventional displays. Rather than traditional projections running on continuous loops, each presentation unfolded as a complete next-gen cinematic journey with structured narrative arcs. Da Vinci Genius featured an original score by Grammy-winning DJ Sasha, completing this multisensory journey that has captivated over 50,000 visitors in Mumbai and achieved sold-out events worldwide. 'This premiere represented the realization of our vision to bring world-class experiences to India,' stated Mr. Tabish F Khan, Founder and Director of Theia Enterprise India. 'From Van Gogh 360 in 2022 to Da Vinci Genius in 2024, and now Legends Immersive Cinema in 2025, this journey has been a testament to that dream. With incredible partners like DLF Malls, we are turning this vision into reality and proving India can host the most advanced cultural experiences globally.' 'The premiere demonstrated how visitors can now immerse themselves in the visionary minds of history's greatest artists,' said producer Bert van der Ryd, managing director of Phoenix Immersive. 'This immersive show, designed for all ages, combines incredible technology with robust educational aspects, offering fresh and captivating exploration that engages audiences who may not typically visit museums.' 'Van Gogh - An Immersive Story delivered yet another groundbreaking experience that perfectly resonated with Indian audiences,' mentioned Mr. Prasad, CEO of iRealities. 'The Indian market is vibrant and ever-evolving, and this premiere validated our commitment to delivering dynamic and captivating content that creates emotional connections across generations.' The twin showcases continue their run through August, with twelve daily shows and limited audience capacity to preserve an intimate experience. This initiative propels India into the international wave of immersive cinema, establishing permanent venues nationwide with a blueprint for innovative storytelling. 'Captivating the sights and sounds of Da Vinci and Van Gogh - beyond the canvas, into the mind. This is what art resembles in an AI enabled immersive world; Art that moves, a painting that you can step into, a journey through the swirling stars into Renaissance,' said Mr. Siddhartha Natu, Vice President and Cluster head, DLF Retail. DLF in its continuous effort to create social engagements for the community has brought this experience to the heart of Delhi NCR. Following the successful Delhi premiere, the experience is expanding to Bangalore, Hyderabad, Kolkata, and more as part of Theia Enterprise India's ongoing mission to craft vivid, walk-through worlds for modern audiences. Legends Immersive Cinema caters to school groups, families, and art lovers, offering special packages for educational and corporate programs. Tickets remain available via BookMyShow, combining intellectual depth with family-friendly entertainment. For bookings and schedules, visit BookMyShow or contact DLF Promenade directly. (ADVERTORIAL DISCLAIMER: The above press release has been provided by HT Syndication. ANI will not be responsible in any way for the content of the same)
