Latest news with #Karnal-based
Economic Times
6 hours ago
- Business
- Economic Times
Oswal Pumps files DRHP for Rs 890 crore IPO
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Oswal Pumps, a Karnal-based manufacturer of pumping solutions and solar water pumping systems, has filed its Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) to raise up to Rs 890 crore through an initial public offering (IPO), which includes a fresh issue and an offer for sale (OFS) by promoter Vivek IPO comprises a fresh issue aggregating up to Rs 890 crore and an OFS of up to 81 lakh equity shares by Vivek Gupta, the promoter selling shareholder. The company may consider a pre-IPO placement of specified securities; if undertaken, the size of the fresh issue would be reduced from the fresh issue will be used to fund corporate objectives as laid out in the offer documents, while the promoter will receive the proceeds from the OFS IPO will follow the book-building route and is proposed to be listed on the BSE and the NSE. The company has appointed IIFL Capital, Axis Capital , CLSA India, JM Financial , and Nuvama Wealth Management as the book-running lead managers, while MUFG Intime India has been appointed as the registrar to the bidding for anchor investors will open on June 12, 2025. The issue will open for public subscription on June 13 and close on June per the offer structure, not more than 50% of the issue will be allocated to qualified institutional buyers (QIBs), at least 15% to non-institutional investors (NIIs), and a minimum of 35% will be reserved for retail individual investors (RIIs), per SEBI in 2003 and headquartered in Haryana, Oswal Pumps has grown into an integrated player with a presence across pumps, motors, pipes, and turnkey solar water pumping systems. It operates through subsidiaries Oswal Solar Structure Pvt Ltd and Oswal Green Industries Pvt Ltd, and is backed by a promoter group that includes Vivek Gupta, Amulya Gupta, and Shivam Gupta, along with three corporate promoter equity shares will have a face value of Rs 1 each. The price band, minimum bid lot, and final offer size will be disclosed in subsequent filings and advertisements before the offer opening date.
Time of India
6 hours ago
- Business
- Time of India
Oswal Pumps files DRHP for Rs 890 crore IPO
Oswal Pumps, a Karnal-based manufacturer of pumping solutions and solar water pumping systems, has filed its Red Herring Prospectus with the Securities and Exchange Board of India (SEBI) to raise up to Rs 890 crore through an initial public offering (IPO), which includes a fresh issue and an offer for sale (OFS) by promoter Vivek Gupta. The IPO comprises a fresh issue aggregating up to Rs 890 crore and an OFS of up to 81 lakh equity shares by Vivek Gupta, the promoter selling shareholder. The company may consider a pre-IPO placement of specified securities; if undertaken, the size of the fresh issue would be reduced accordingly. Proceeds from the fresh issue will be used to fund corporate objectives as laid out in the offer documents, while the promoter will receive the proceeds from the OFS component. The IPO will follow the book-building route and is proposed to be listed on the BSE and the NSE. The company has appointed IIFL Capital, Axis Capital , CLSA India, JM Financial , and Nuvama Wealth Management as the book-running lead managers, while MUFG Intime India has been appointed as the registrar to the issue. The bidding for anchor investors will open on June 12, 2025. The issue will open for public subscription on June 13 and close on June 17. As per the offer structure, not more than 50% of the issue will be allocated to qualified institutional buyers (QIBs), at least 15% to non-institutional investors (NIIs), and a minimum of 35% will be reserved for retail individual investors (RIIs), per SEBI regulations. Also read | IPO calendar: 4 new issues, 1 listing lined up in a busy mid-June week Founded in 2003 and headquartered in Haryana, Oswal Pumps has grown into an integrated player with a presence across pumps, motors, pipes, and turnkey solar water pumping systems. It operates through subsidiaries Oswal Solar Structure Pvt Ltd and Oswal Green Industries Pvt Ltd, and is backed by a promoter group that includes Vivek Gupta, Amulya Gupta, and Shivam Gupta, along with three corporate promoter entities. The equity shares will have a face value of Rs 1 each. The price band, minimum bid lot, and final offer size will be disclosed in subsequent filings and advertisements before the offer opening date.
Hindustan Times
02-05-2025
- Politics
- Hindustan Times
Want no hate towards Muslims, Kashmiris: Vinay Narwal's wife
In her first comments following the Pahalgam terror attack in which she lost her husband, naval officer Vinay Narwal, Himanshi Narwal on Thursday made an emotional appeal that there should be no hatred towards Muslims or Kashmiris. Himanshi, who married Vinay just a week before his tragic death last month, also had a message for the nation. She said, 'I just want the entire nation to pray for him (Vinay) that wherever he is, he is at peace. That's the only thing I want.' 'There is one more thing I want (to say). There should be no hatred towards anyone. I'm seeing this happening that people spewing hate at Muslims or Kashmiris. We do not want this. We want peace and only peace,' she added. The terror attack survivor further sought justice for her husband and said that the perpetrators should be punished. Her comments come days after 26 people were killed by a group of terrorists Jammu and Kashmir's Pahalgam on April 22. Following the attack, several hate crime incidents against Muslims and Kashmiris have been reported in the country. At some places, Kashmiri students were also asked to vacate accommodations by their landlords, following which authorities swung into action ensuring security. 218 units of blood donated on Vinay's birthday Thursday was also Vinay Narwal's 27th birthday and a blood donation camp was organised by Karnal-based NGO National Integrated Forum of Artists and Activists (NIFAA) to mark the day at Maharaja Agrasen Bhawan, Sector 8. Despite the camp being held in Karnal, donors arrived from across the country — from Hisar, Delhi, Kurukshetra, Panipat, Bangalore, even Ludhiana — to pay tribute to Vinay Narwal. A total of 218 people successfully donated blood, while nearly 100 more had to return due to the conclusion of the scheduled time. Lt Narwal's family including his father Rajesh Narwal, mother Asha Narwal, wife Himanshi, sister Srishti and other close relatives, were present and donated blood in his memory. Karnal MLA Jagmohan Anand, mayor Renu Bala Gupta, additional municipal commissioner Dheeraj Kumar and Brahma Kumari Didi BK Prem also offered floral tributes. NIFAA president Pritpal Singh Pannu said, 'India has lost a brilliant son. Had he lived, he could have gone on to serve the nation as a senior military leader.' He announced that NIFAA, along with partner organisations, will organise a blood donation camp every year on his birth anniversary and will also institute an award in his name from next year. Later in the day, assembly speaker Harvinder Kalyan and Haryana Jails minister Arvind Sharma met the family at their residence.
The Hindu
01-05-2025
- Politics
- The Hindu
U.S. supports India's right to defend: Defence Secretary Hegseth to Rajnath
The U.S. on Thursday said it supports India's right to defend itself and its fight against terrorism as American Defence Secretary Pete Hegseth dialled Defence Minister Rajnath Singh amid rising tensions between India and Pakistan over the Pahalgam terror attack. Singh told Hegseth that Pakistan has been 'exposed' as a 'rogue' state fuelling global terrorism, and 'destabilising' the region. The world can no longer turn a 'blind eye' to terrorism, the Defence Minister said during the conversation, according to an official readout. Hegseth said the U.S. stands in solidarity with India and supports India's right to defend itself, Singh's office said in a social media post. 'He reiterated the strong support of the US government in India's fight against terrorism,' it said. 'The Defence Minister told the U.S. Secretary of Defence that Pakistan has a history of supporting, training and funding terrorist organisations,' the readout issued by the Defence Ministry said. 'Pakistan has been exposed as a rogue state, fuelling global terrorism, and destabilising the region. The world can no longer turn a blind eye to terrorism,' the Ministry quoted Singh as saying. It is important for the global community to 'explicitly and unequivocally' condemn and 'call out' such heinous acts of terrorism, he said. The Ministry said Hegseth called up Singh to express his sympathies and condolences for the tragic loss of innocent civilian lives in the dastardly Pahalgam terror attack. Don't want people going after Muslims, Kashmirs: Wife of Navy officer killed in Pahalgam 'We don't want people going after Muslims and Kashmiris,' Himanshi Narwal said on Thursday, stoic but firm as she mourned her husband, Naval officer Lt. Vinay Narwal, who was gunned down in Pahalgam just 10 days ago. He would have been 27 today. Narwal's mother and wife Ms. Himanshi broke into tears as tributes were being paid to the Naval officer at a blood donation camp organised in Karnal, the town where he grew up. 'We want peace and justice. People who have done wrong with him should be punished,' said Ms. Himanshi, who got married to Lt. Narwal just a week before the April 22 terror attack. The couple was on their honeymoon in Pahalgam when terrorists shot the Naval officer at point blank. Wiping tears off her face, Ms. Himanshi offered floral tributes to her late husband and blew a kiss to his photograph. The Naval officer's mother also kissed her son's photo and paid him respect with folded hands. Narwal's sister, Ms. Shristi expressed her gratitude to people who participated in the blood donation camp. 'I want to thank everyone who travelled from far to come here to donate blood. We have been receiving messages too. People have responded enthusiastically (to the blood donation camp). The government has also done a lot,' Ms. Shristi said. The camp was organised by Karnal-based NGO National Integrated Forum of Artists and Activists (NIFAA). Various speakers while addressing the gathering said the late officer dedicatedly served his nation while in service and will continue to live in everyone's hearts forever. 'A youth who was supposed to serve the country for many years was snatched away by terrorism. A soldier on the battle ground saves people's life by shedding blood. We are today donating blood in his honour to save people's lives,' Chairperson of NIFAA Pritpal Singh Pannu said. One of the attendees who donated blood at the camp said, 'The nation will always be grateful to Narwal for his sacrifice. We can only pay our tributes by donating our blood but nobody can fill the void created by his death.' Narwal was among the 26 people, mostly tourists, gunned down by terrorists at the Baisaran meadows in Pahalgam on April 22, in one of the worst terror attacks on civilians in Kashmir in the past many years. We will hunt down every terrorist involved in Pahalgam attack, says Amit Shah Union Home Minister Amit Shah on Thursday vowed to hunt down each and every terrorist involved in the Pahalgam attack and said all of them will be made answerable for the heinous act. Mr. Shah asserted that the Narendra Modi government will not spare any terrorist. 'Whoever has carried out the dastardly attack in Pahalgam, we will not spare anyone. We will hunt down each and every perpetrator,' he said at an event here to unveil a statue of Upendra Nath Brahma, the patriarch of Assam's Bodo community, and name a road after him. The Home Minister said the Modi government has been pursuing a zero-tolerance policy against terrorists. 'If someone thinks they will escape by carrying out such a cowardly attack, they are wrong. This is Narendra Modi's government. We will not spare anyone. Terrorism will be eradicated from every inch of this country. Not only 140 crore Indians, the whole world is also with India. Till the time terrorism ends, our fight will continue. Those who have done this, they will be punished appropriately.' he said. The event was attended by Assam Chief Minister Himanta Biswa Sarma, Delhi Chief Minister Rekha Gupta and Chief Executive Member of the Bodoland Territorial Council Promod Boro, among others. Government gave headline but where is deadline: Congress on Centre's caste census move The Congress on Thursday attacked the government after its announcement of the decision to include caste enumeration in the forthcoming census, saying Prime Minister Narendra Modi is the 'master of giving a headline without a deadline'. Congress general secretary in-charge of communications Jairam Ramesh said many questions arise about the decision, especially on the intention of the government, and demanded that the census should be done as soon as possible. Taking a swipe at the Prime Minister at a debriefing at the party's 24, Akbar Road office here, Mr. Ramesh said he is the 'master at giving a headline without a deadline'. Asserting that the barrier of 50% cap on reservations should be removed, Mr. Ramesh asked what is stopping the Modi government from doing this. The Congress demands that there should be a Constitutional Amendment and the 50% cap on reservations be removed, he said, adding that the caste census would be meaningful only when this is done. Mr. Ramesh cited a December 2019 Cabinet meeting press release, which stated that the Union Cabinet has approved the proposal for conducting the census of India in 2021 at the cost of ₹8,254 crore. He pointed out that there was no mention of caste enumeration in that press release. 'Everyone knows that this census has not been done, and six years have passed. Surprisingly, the announcement was made by the government yesterday,' he said. Mr. Ramesh, however, urged the government to keep a roadmap for the caste census before the country. In the 2025-26 Budget, only ₹575 crore has been allocated to the office of the census commissioner, he pointed out. 'So what kind of census are they planning to get done in ₹575 crore. So what is the intention — is it just about giving a headline? What is their intention? Many questions arise on the intention,' the Congress leader said. 'You should have gotten the census done in 2021. They cite the COVID pandemic but more than 50 countries did their census during Covid. The pandemic was not there in 2023, 2024, but they did not get it done,' Ramesh said. He said when the PM was giving a string of interviews to TV channels last year, he had called those who talk of caste census 'urban naxals'. 'Since when did he become an urban naxal? Since when did Home Minister Amit Shah become an urban naxal?' Ramesh said. His remarks come a day after the Centre announced that caste enumeration will be part of the next population census, with the inclusion of caste details for the first time since independence. Former Congress president Rahul Gandhi has said he welcomes the government's 'sudden' decision to include caste enumeration in the forthcoming census after '11 years of opposing it' but asserted that the Centre should give a timeline for its implementation. Crediting the sustained campaign run by the Congress for the government's announcement on the caste census, Mr. Gandhi has said his immediate suspicion is that this could go the women's bill way in terms of implementation and demanded a specific date for it. The Leader of Opposition in the Lok Sabha said it is clear that the pressure the Congress put on the government for the caste census has worked. Opposition parties, including the Congress, have been demanding a nationwide caste census, making it a major election issue. Some states like Bihar, Telangana and Karnataka have conducted such surveys. Announcing the decision taken by the Cabinet Committee on Political Affairs, Union Minister Ashwini Vaishnaw said the census comes under the purview of the Centre, but some states have done caste enumeration in the name of surveys 'non-transparently' which has created doubts in the society. NTA identifies 106 Telegram, 16 Instagram channels spreading 'false' information on NEET In a crackdown on fake claims about the NEET-UG, the National Testing Agency (NTA) has identified 106 Telegram and 16 Instagram channels involved in spreading false information, sources said on Thursday (May 1, 2025). The NTA's dedicated portal for receiving such concerns has flagged more than 1,500 claims of alleged paper leaks for the upcoming medical entrance exam. In a decisive move to protect the integrity of the NEET (UG) 2025 examination process, the agency has initiated action on certain fraudulent Telegram and Instagram channels claiming to have access to the NEET (UG) 2025 question paper. 'Acting on inputs received through its recently-launched Suspicious Claims Reporting Portal, the NTA has identified 106 Telegram and 16 Instagram channels engaged in spreading misinformation and attempting to mislead students,' a source said. 'These cases have been formally escalated to the Indian Cyber Crime Coordination Centre (I4C) under the Ministry of Home Affairs for further legal and investigative action,' the source added. The NTA has requested Telegram and Instagram to immediately take down these channels to prevent the spread of falsehood and unnecessary panic among the aspirants. 'Telegram and Instagram have been urged to share the details of the administrators and creators of these groups with law-enforcement agencies for prompt investigation and prosecution,' the source said. The medical entrance exam is scheduled to be held on May 4. The Ministry of Education (MoE) is conducting a series of meetings with district magistrates and superintendents of police from all states and Union territories to ensure that there are no lapses in the upcoming NEET-UG. The Ministry is implementing a comprehensive plan in response to last year's alleged irregularities, including paper leaks, which raised concerns about the integrity of the exam. 'Sharbat jihad' row: Ramdev beyond anyone's control, lives in own world, says Delhi HC The Delhi High Court on Thursday said Yoga practitioner Ramdev was 'not in control of anyone' and lived in his own world before finding him in prima facie contempt of its order over his controversial 'sharbat jihad' remarks against Hamdard's Rooh Afza. The court previously ordered him not to issue any statement or share videos in future over Hamdard's products. 'In view of the last order, his affidavit as well as this video are prima facie in contempt. I will issue a contempt notice now. We are just calling him here,' Justice Amit Bansal said after being informed on Thursday that despite the court's April 22 directions, Ramdev published a video making objectionable statements. 'He (Ramdev) is not in control of anyone. He lives in his own world,' the judge remarked. Ramdev's counsel urged the court to take up the matter after sometime as the arguing counsel was unavailable. The court, therefore, deferred the hearing for some time. Hamdard National Foundation India filed a plea against Ramdev and his Patanjali Foods Ltd over the controversial remarks. The court had on the last occasion said Ramdev's remark of 'sharbat jihad' on Hamdard's Rooh Afza shook its conscience and was indefensible, prompting the Yoga guru to assure he would immediately take down the related videos and social media posts. The counsel for Hamdard claimed while promoting Patanjali's 'gulab sharbat', Ramdev alleged the money earned from Hamdard's Rooh Afza was used to build madrasas and mosques. In Brief: Supreme Court refuses plea for judicial probe into Pahalgam attack The Supreme Court on Thursday refused to entertain a petition seeking judicial probe into the Pahalgam terror attack by a former Supreme Court judge. Justice Surya Kant, heading the Bench, said 'judges are not experts in such matters.' The court took a stern view about the filing of such petitions, saying 'this is a crucial time when every citizen has joined hands against terrorism. Do not demoralise by filing such petitions'. Rebuking the PIL petitioners, the apex court asked if they want to demoralise security forces and told them not to bring such issues in judicial domain. The petition was dismissed as withdrawn. NHRC issues notice to Bihar government over 100 children falling ill after consuming mid-day meal The National Human Rights (NHRC) on Thursday issued notice to the Bihar government over an incident in which more than 100 children fell ill after consuming mid-day meal in a government school in the Mokama area of Patna on April 24. Reportedly, the cook served the food to the children after removing a dead snake from it. News about the children falling ill after eating the food reached the villagers, who blocked the road to stage a protest. Observing that the incident raised serious questions about human rights violation, the Commission has issued notices to the Chief Secretary, Government of Bihar, and the Senior Superintendent of Police, Patna, Bihar, calling for a detailed report in the matter within two weeks. Evening Wrap will return tomorrow.
Hindustan Times
01-05-2025
- Politics
- Hindustan Times
Navy officer's widow demands justice for husband killed in Pahalgam attack: ‘People who have…'
Himanshi Narwal, the wife of an Indian Navy lieutenant, Vinay Narwal, who was killed in the Pahalgam terror attack on April 22, said that people who have done wrong to her husband should be punished. She also issued an appeal to people asking them not to direct their anger towards Muslims and Kashmiris in the wake of the terror attack in which 26 people were brutally killed by terrorists at Baisaran near Jammu and Kashmir's Pahalgam. 'We don't want people going after Muslims and Kashmiris,' Himanshi Narwal told reporters during a blood donation camp organised in Karnal, the town where her husband grew up. 'We want peace and justice. People who have done wrong to him should be punished,' she added. Narwal's sister, Shristi, also expressed her gratitude to the people who participated in the blood donation camp, which was organised by Karnal-based NGO National Integrated Forum of Artists and Activists. Also Read | 'Chun chun ke badla lenge': Amit Shah's warning to terrorists after Pahalgam attack "I want to thank everyone who travelled from far to come here to donate blood. We have been receiving messages too. People have responded enthusiastically (to the blood donation camp). The government has also done a lot," Shristi said, according to PTI. The couple was on their honeymoon in Pahalgam when terrorists shot the 26-year-old Naval officer at point-blank range. Vinay Narwal and Himanshi had tied the knot at an intimate ceremony in Mussoorie just a week before in the terror attack. The couple had originally decided to travel to Switzerland for their honeymoon, but visa delays nixed their plans. 'Everything had come together so perfectly,' said Manish, Himanshi's elder cousin, told HT earlier. 'Their wedding was finalised in January. Our families go back a long way — Himanshi's father and Lt Narwal's father were close friends. It was meant to be a union of love and deep-rooted bonds.'
