Latest news with #Uttarakhand-based
New Indian Express
04-08-2025
- Entertainment
- New Indian Express
‘Bhediya Dhasan' set to howl in Melbourne fest
Uttarakhand-based film 'Bhediya Dhasan', directed by Bharat Singh Parihar, has been selected for the Indian Film Festival Melbourne (Aug 14-24). The film, produced by Anant Neer Sharma, depicts a migrant worker's struggle against village conservatism and the clash of three generations. Director Parihar said, 'The film will be showcased from August 14 to 24.' Producer Sharma added, 'This selection will build confidence for telling our stories through filmmaking in Uttarakhand.' Shot in Mukteshwar and Kaladhungi, it stars renowned theatre artistes Shrisha Dobhal and Yatendra Bahuguna, with local talent. The film was previously screened at IFFK. YouTuber arrested over obscene content Roorkee police have arrested a YouTuber for allegedly uploading obscene content following complaints. Authorities have initiated steps to block his channel. SP (rural) Shekhar Chand Suyal said, 'Amjad, a resident of Sherkothi, had created a YouTube channel. He was uploading obscene material for popularity.' The action was taken after Shahbaz Muzammil filed a complaint. Amjad was arrested after an FIR. Suyal added, 'A report has been sent to YouTube to remove the content and block the channel.' The accused mostly uploads posts under the name 'Amjad 9211' and had shared a video supporting Mahak and Pari from Sambhal. HC orders closure of 48 stone crushers The Uttarakhand High Court has ordered the closure of 48 stone crushers in Haridwar, directing authorities to disconnect their electricity and water supplies. A bench comprisisng Justices Ravindra Maithani and Pankaj Purohit mandated a report on the action taken within a week. The order stemmed from a Public Interest Litigation filed by Haridwar's Matri Sadan, citing 'non-compliance with previous court directives.' Sadan's 2022 PIL alleged rampant illegal mining along the Ganga from Raiwala to Bhogpur, activities already banned by the Central Pollution Control Board and National Mission for Clean Ganga. Narendra sethi Our correspondent in Uttarakhand narendrasethi@
Economic Times
02-07-2025
- Business
- Economic Times
Neetu Yoshi IPO GMP signals up to 29% listing gain; BSE debut on July 4
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel The grey market premium (GMP) for Neetu Yoshi's SME IPO is signalling a strong debut, with shares trading at a premium of Rs 22–24 over the issue price of Rs 75 as of July 2. This suggests a potential listing gain of up to 29% when the stock debuts on the BSE SME platform on July IPO, which closed on July 1, was subscribed 119.19 times, reflecting strong investor appetite. Non-institutional investors led the charge with 189.73 times subscription, followed by QIBs at 96.36 times, and retail investors at 91.21 Read: 10 Nifty smallcaps with up to 29 buy calls; analysts see up to 26% upside Neetu Yoshi raised Rs 77.04 crore through the sale of 1.02 crore equity shares at a fixed price. The company plans to use Rs 50.8 crore from the proceeds to establish a new manufacturing facility, with the balance allocated for general corporate of the IPO, Neetu Yoshi also secured Rs 21.90 crore from anchor investors, indicating early institutional in 2020, the Uttarakhand-based company specialises in customised ferrous metallurgical products for the Indian Railways. Its product line includes brake beams, axle boxes, coupling components, and suspension castings—ranging from 0.2 kg to 500 kg. As an RDSO-certified vendor, it plays a critical role in supplying components essential to railway braking and propulsion issue was managed by Horizon Management, with Skyline Financial Services acting as the strong fundamentals, high subscription, and positive grey market signals, investors are now eyeing the stock's debut on July 4.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
02-07-2025
- Business
- Time of India
Neetu Yoshi IPO GMP signals up to 29% listing gain; BSE debut on July 4
The grey market premium (GMP) for Neetu Yoshi's SME IPO is signalling a strong debut, with shares trading at a premium of Rs 22–24 over the issue price of Rs 75 as of July 2. This suggests a potential listing gain of up to 29% when the stock debuts on the BSE SME platform on July 4. The IPO, which closed on July 1, was subscribed 119.19 times, reflecting strong investor appetite. Non-institutional investors led the charge with 189.73 times subscription, followed by QIBs at 96.36 times, and retail investors at 91.21 times. Also Read: 10 Nifty smallcaps with up to 29 buy calls; analysts see up to 26% upside Neetu Yoshi raised Rs 77.04 crore through the sale of 1.02 crore equity shares at a fixed price. The company plans to use Rs 50.8 crore from the proceeds to establish a new manufacturing facility, with the balance allocated for general corporate purposes. Ahead of the IPO, Neetu Yoshi also secured Rs 21.90 crore from anchor investors, indicating early institutional interest. Incorporated in 2020, the Uttarakhand-based company specialises in customised ferrous metallurgical products for the Indian Railways. Its product line includes brake beams, axle boxes, coupling components, and suspension castings—ranging from 0.2 kg to 500 kg. As an RDSO-certified vendor, it plays a critical role in supplying components essential to railway braking and propulsion systems. The issue was managed by Horizon Management, with Skyline Financial Services acting as the registrar. With strong fundamentals, high subscription, and positive grey market signals, investors are now eyeing the stock's debut on July 4. ETMarkets WhatsApp channel )
Mint
24-06-2025
- Business
- Mint
Moglix's ₹600-cr war chest: What this unicorn is buying before its India IPO
Gift this article Accel-backed Moglix has earmarked ₹ 500-600 crore for acquisitions in FY26, as the online B2B marketplace for industrial tools and equipment aims to expand its product categories, with a particular focus on traditional manufacturing businesses in sustainable packaging and related sectors, a top company official official told Mint. Accel-backed Moglix has earmarked ₹ 500-600 crore for acquisitions in FY26, as the online B2B marketplace for industrial tools and equipment aims to expand its product categories, with a particular focus on traditional manufacturing businesses in sustainable packaging and related sectors, a top company official official told Mint. This initiative comes as the Singapore-headquartered unicorn prepares for a public listing in India in about two years. The startup—valued at $2.6 billion—has already spent close to ₹ 200 crore in the last two years towards acquiring manufacturing businesses and distributors, in a bid to strengthen its industrial procurement network. Its latest purchase was Uttarakhand-based paper manufacturer Khatema Fibres for ₹ 80 crore in November last year. 'We currently have over 150 categories and there is a multitude of opportunities in distribution and manufacturing. We are broad-based in terms of acquisition and will make a choice when we find the right asset in any category," Rahul Garg, founder and chief executive of Moglix, said in an interview. Most of Moglix's acquisitions are likely to be traditional manufacturing business as a large chunk of the industrial equipment industry is fragmented and unorganized, according to Garg. 'Both distribution and manufacturing are relatively traditional sectors and that is a primary target for us. We continue to operate in physical plus digital space so we have acquired distribution companies. We also continue to invest in building manufacturing plants." Packaging is already among Moglix's top 10 categories and has immense potential for growth, Garg noted. 'I believe it could become a ₹ 1,000-crore category in the next few years—it's already nearing ₹ 500 crore." Business-to-business (B2B) marketplaces that are online-first and technology-enabled are expected to represent a market opportunity of $200 billion by 2030 from $20 billion in 2022, according to estimates by Bessemer Venture Partners. Founded in 2015 by Garg, a former Google executive, Moglix has raised over $370 million to date. Backed by Tiger Global, Accel and Alpha Wave Global, Moglix competes with IPO-bound OfBusiness, and Zetwerk in the industrial supplies space. OfBusiness, currently valued at around $5 billion, has appointed Axis, JP Morgan, and Citi Bank as bankers for its upcoming $1-billion public issue, according to a Reuters report. Zetwerk is reportedly eyeing an IPO in the first half of 2025, aiming to raise as much as $1 billion. In March, Moglix appointed Sanjeev Arora as chief financial officer to focus on capital planning and prepare the company to enter the public markets. The firm will accelerate its IPO plans including initiating conversations with bankers towards the end of this year, with the aim of going public in less than two years, Garg said. In FY24, Moglix focused on balancing growth and profitability. Its revenue rose marginally to ₹ 4,964 crore from ₹ 4,704 crore the previous year, while losses eased to ₹ 189 crore. Moglix's revenue and profit improved year-on-year in the fiscal year ended March 2025, Garg said, without revealing exact figures as the financial statements are yet to be filed with the Registrar of Companies (ROC). The company ramped up its use of technology during the year, automating customer service and internal operations to improve efficiency—a move Garg believes will yield long-term benefits. Topics You May Be Interested In
India Gazette
11-06-2025
- Politics
- India Gazette
SC grants bail to Uttarakhand man accused of religious conversion for marrying inter-faith
New Delhi [India], June 11 (ANI): The Supreme Court recently granted bail to a Uttarakhand-based man who was booked for religious conversion and cheating for marrying a woman who belonged to a different faith. A bench of Justices B V Navarathna and Satish Chandra Sharma granted the man relief by observing that the state government of Uttarakhand cannot object to the marriage when the same has taken place as per the wishes of the couple's parents. 'We observe that the respondent-State cannot have any objection to the appellant and his wife residing together inasmuch as they have been married as per the wishes of their respective parents and families. Thus, the top court found that this was an appropriate case where bail should be granted to the man.' The man had been booked for having committed religious conversion under The Uttarakhand Freedom of Religion Act, 2018, for Cheating and Cheating by personation (pretending to be someone else) under the Bharatiya Nyay Sanhita (BNS), 2023, following his marriage with a woman who belonged to another faith. As per the man's counsel, the marriage was arranged by the families of the couple, who were aware of the inter-faith nature of the union. However, following the marriage, certain individuals and organisations raised objections. An FIR was lodged against the man, leading to his arrest and imprisonment. After being in custody for six months, the Supreme Court, on May 19, directed that the man be immediately released on bail. 'We also make it clear that the pendency of the criminal proceeding against the appellant herein would not come in the way of the appellant and his wife residing together on their own volition', the Court stated, in its order. The man had moved the Supreme Court against the Uttarakhand High Court's decision to reject his bail plea. The top court allowed his appeal and directed the concerned trial court to release him on bail. (ANI)
