Latest news with #Vipul
Toronto Star
4 days ago
- Business
- Toronto Star
Fairplay Ventures Inc. Announces Election of Directors
TORONTO, Aug. 06, 2025 (GLOBE NEWSWIRE) — Fairplay Ventures Inc. (TSXV: FPY.P) ('Fairplay' or the 'Company') is pleased to announce that each director nominee listed in its management information circular, dated June 26, 2025, was elected or re-elected, as applicable, at its annual general and special meeting of shareholders held yesterday, August 5, 2025 (the 'Meeting'). Pursuant to the Meeting, the Company's board of directors currently comprises Messrs. Mark Scarrow, Jason Gorel and Vern Vipul. Messrs. Scarrow and Gorel were re-elected at the Meeting and the Company welcomes Mr. Vipul, elected for his first term as a director of the Company at the Meeting, to the board of directors. ARTICLE CONTINUES BELOW Mr. Bruno Amadi did not stand for re-election as a director of the Company at the Meeting and ceased being a director of the Company upon the election of Mr. Vipul. The Company thanks Mr. Amadi for his efforts on behalf of the Company and wishes him all the best in his future endeavours. About Fairplay Ventures Inc. Fairplay has not commenced commercial operations and the Company currently has no assets other than a minimum amount of cash. Except as specifically contemplated in Policy 2.4 of the TSX Venture Exchange, until the completion of a Qualifying Transaction the Company will not carry on any business other than the identification and evaluation of assets or businesses with a view to completing a proposed Qualifying Transaction. Investors are cautioned that trading in the securities of a capital pool company should be considered highly speculative. For further information please contact: Mark Scarrow Chief Financial Officer Tel: 416-617-0305 Email: mark@ Cautionary Note Regarding Forward-Looking Information Certain statements contained in this news release constitute 'forward-looking information' as such term is defined in applicable Canadian securities legislation. The words 'may', 'would', 'could', 'should', 'potential', 'will', 'seek', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' and similar expressions as they relate to the Company, including the Company's goal of completing a Qualifying Transaction, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company's current views and intentions with respect to future events, and current information available to the Company, and are subject to certain risks, uncertainties and assumptions. Material factors or assumptions are applied in providing forward-looking information. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. These factors include, without limitation: additional appointments and resignations of directors and officers; any completion by the Company of a Qualifying Transaction; receipt of applicable director, shareholder and regulatory approval of a Qualifying Transaction; changes in law; the ability to implement business strategies and pursue business opportunities; state of the capital markets; the availability of funds and resources to pursue operations; as well as general economic, market and business conditions, as well as those risk factors discussed or referred to in disclosure documents filed by the Company with the securities regulatory authorities in certain provinces of Canada and available at Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this news release is made as of the date of this news release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Time of India
5 days ago
- Business
- Time of India
Market volatility ahead? Waterfield's Vipul Bhowar on sectors, valuations & what to buy
In a year marked by global trade tensions, delayed Fed rate cuts, and domestic uncertainties, investors are looking for clarity and conviction. To decode the current market mood and the road ahead, ET Markets spoke with Vipul Bhowar , Senior Director & Head of Equities at Waterfield Advisors. From the shifting portfolio strategies of HNIs and family offices to the outlook on mid and smallcaps, Bhowar offers deep insights on how earnings, sector rotations, and alternative investments are shaping capital allocation in 2025. Excerpts: Equity Market Outlook: Volatility or opportunity? Q. A lot is happening in the markets - geopolitical tensions, trade tariff concerns, and domestic triggers. Is the recent correction a sign of deeper volatility? Vipul Bhowar: Equity markets follow earnings. The recent volatility stems from an earnings slowdown. But in our investable universe of ~5,000 companies, we still see double-digit earnings growth. That's why markets recovered in March–May. The RBI's interest rate cut also helped, lowering the cost of capital while earnings improved. However, the new 25% tariffs (up from 10%) could introduce sector-specific volatility. But markets rarely fall twice for the same reason. If earnings continue to grow YoY, which current trends suggest, the market should hold. Volatility will likely remain limited to a few sectors. Portfolio Shifts: How HNIs & family offices are allocating Q. How are wealthy investors shifting exposure across asset classes? Vipul Bhowar: Three years ago, portfolios were typically split 50:50 between equity and fixed income, with equities skewed towards large caps. Today, we're seeing a 70:30 split, tilted more towards equities and quasi-equity products like REITs and InvITs. The non-equity bucket is where most changes are happening. Investors are increasingly allocating capital to equity or near-equity instruments, and this trend continues. Midcaps, smallcaps & sector rotation: What's overheated? Q. Are midcaps overheated? Where is the smart money moving? Vipul: On valuation averages, yes, midcaps look expensive. But balance sheets are the cleanest we've seen in 25+ years, especially in terms of median debt-to-equity. Most capex is happening in mid and smallcap sectors like energy and real estate — not large caps. So while midcaps may look expensive at first glance, the underlying growth and capex justify current valuations. That said, the broad-based rally in mid and smallcaps is done. Going forward, expect stock- and sector-specific moves. FIIs, fed cuts & global cues Q. FIIs have pulled out Rs 26,000–Rs 27,000 crore in just 10 days. Why the exodus? Vipul: While FIIs are selling in the secondary market, they're active in the primary market, especially IPOs. They're exiting old economy stocks growing at nominal GDP and reallocating to sectors showing higher growth. As for the Fed, recent US job data points to an economic slowdown. Earlier, the chance of a September rate cut was 41%. That's now risen to 80–90%. If rate cuts happen, FIIs will return to emerging markets like India. Rise of alternative investments: AIFs, private credit & more Neha: How are Indian investors responding to alternative investment products? Vipul: Investor behavior has changed significantly. We've created a "growth pool", ~10% of portfolios, comprising private equity, venture debt, and private credit. Clients are willing to lock in capital for 10 years in exchange for higher returns. This 10% is now under discussion; many want to raise it to 15%. We're also allocating to pre-IPOs, unlisted opportunities, and high-yield strategies. With fixed income less attractive, interest in these strategies is rising. How to invest in the remainder of 2025 Q. We're in the second half of 2025. What's your advice for new investors? What should they expect? Vipul: Entry valuations are high, market cap to GDP is at 130% versus the 20-year average of 90%. Don't expect 25% CAGR like in the past five years. We suggest deploying capital in tranches over 6 months. For FY26, Nifty EPS is expected at Rs 1,200 — implying fair value of ~24,000 at 20x PE. For FY27, assuming Rs 1,300 EPS, Nifty could be ~26,000. Markets are trading in this expected range. Maintain a mix of large, mid, and smallcap based on your risk profile. Allocate more to largecaps and balance the rest accordingly. Sectors to Watch: Themes within themes Q. Which sectors look promising? Vipul: We're seeing strength in 'sectors within sectors.' For example: Financials: Lending is consolidating, but non-lending plays, insurance, capital markets, are performing well. Tech: Traditional IT is slow, but digital tech (e.g. Swiggy, Eternal) is growing. Healthcare: Pharma has uncertainties, but hospitals are doing well. Real Estate Ancillaries: Real estate stocks have rallied, now we like ancillaries, electric goods, branded electronics, and defence. These pockets are showing consistent double-digit growth and merit capital allocation. Q. Is this a 'buy-the-dip' market? Any caution for investors? Vipul: Yes, buy the dip works but take a long-term view. Don't chase YoY returns. Markets are consolidating after a big rally, which is healthy. Keep deploying capital, participate in volatility, and avoid reacting emotionally to short-term swings.
Indian Express
11-07-2025
- General
- Indian Express
‘Why did it happen?': Month after Air India plane crash, families of victims continue to look for answers
Families of those who died in the June 12 Ahmedabad plane crash are exploring every option available to get justice, or to keep the memory of their loved ones alive. While a newly married woman's family has decided to take the compensation and are planning to use it in her memory, the kin of at least one of the deceased have decided to pursue litigation against Boeing. They have only one question: 'Why did it happen?' On June 15, the airline activated a helpdesk in Ahmedabad to process claims for the interim compensation of Rs 25 lakh to the families of each of the deceased and to the lone survivor, Air India has said in a statement. A statement quoting an airline spokesperson said Friday, that as on July 10, 'Air India has released interim compensation to 92 families of the passengers, and those deceased at the accident site to help them meet their immediate financial needs.' The documents related to 66 others have been verified and the interim compensation is being released 'progressively to their families,' the statement said. A month after the crash, The Indian Express spoke to a few families that lost their loved ones on June 12. She was 24 and recently married In January, the Rajpurohits celebrated the wedding of their 24-year-old daughter Khushbu with much fanfare. She was supposed to fly to London to join her husband Vipul Singh, her first trip after exchanging vows. Instead, it was Singh who flew down to Ahmedabad and got busy with formalities for his dead wife, says Ravi Dadhich, Khushbu's uncle. Her family had come down from Jodhpur, Rajasthan, to Ahmedabad to see Khushboo off. As the family was returning, they heard the news of the plane crash and came back to Ahmedabad. 'Khushbu's husband Vipul and her parents are still struggling to come to terms with the loss and are not ready to talk much about it,' said Dadhich. 'Khushbu's parents have not been keeping well. Her father had to be hospitalised once after he complained of breathlessness. The entire family is still very disturbed,' Dadich added. 'Our son-in-law Vipul is still here. He had gone once or twice to Ahmedabad to complete some formalities with Air India,' he added. With the compensation money that they would get, the family plans to do something in Khushbu's memory, said Dadich. Waiting for the Black Box to speak Pramukh Nanda, founder and director at leading automobile dealer Cargo Motors Ahmedabad Pvt Ltd, his wife Neha, and younger son Prayash were among those killed in the air crash. They were travelling to London to attend the convocation of their older son Pratham, 22, at Nottingham Trent University. A month on, the family has decided to wait for the outcome of the investigation before making any move. 'We have been advised by our legal counsels to wait till the report of the black box is out. Though US-based law firms have contacted us for taking up the case against the airline and aircraft companies, we have not responded to them as we have our own legal experts based in the US and the UK,' Pranav Nanda, Pramukh's younger brother, told The Indian Express Friday. Pratham, the only survivor from the family of Pranav's elder brother, is now learning to run his father's business. Till the crash, Pranav and Pramukh's parents used to stay with their older son. Since Pramukh's death, Pranav has been staying with his parents. The family is yet to file for claims from Air India. 'Why did this happen? We want to know' Questions abound at the sprawling Bopal home of the Sonis, another business family from Ahmedabad, who lost three members in the crash that left two brothers orphaned. Ahmedabad-based entrepreneur Trupti Soni lost her brother Swapnil (45), his wife Yoga (44), and her sister-in-law Alpa (55). The trio was on a family trip to receive Alpa's husband Nishit who was about to complete his 22,000-km road trip from Ahmedabad to London, and would have reunited with his family on June 13. Swapnil and Yoga's sons, aged 19 and 9, are now left without parents. 'There has not been a single day we have been able to forget the incident. It is Swapnil's birthday today. The family decided to plant and mass distribute saplings as Swapnil was very fond of plants,' Trupti shared. Soni told The Indian Express, 'We are going ahead with the litigation, with the (help of) US-based legal team, against Boeing. We have discussed the case with the law firm which has experience in aviation suits on behalf of the victims of earlier crash incidents. We are of the opinion that with the involvement of big players and international governments, the data may be manipulated. It is a fair question which all the families are right in raising — Why did it (the crash) happen? If not satisfied with the report, we will also seek an independent inquiry.' The Sonis, too, have not submitted the compensation claim form by Air India. 'Since there is a clause of indemnity, which we need clarity on, we are not going ahead with the claim,' Soni told The Indian Express. The Air India has shared forms seeking information about the passengers and their kin, among other details. The interim compensation being offered is in addition to the Rs 1 crore support announced by Tata Sons. The airline has said it was reaching out to those who were injured and the families of those who lost their lives on the ground 'to initiate the compensation process for them.'
Time of India
01-07-2025
- Time of India
Two youths fall into lake in Pavagadh, one drowns
Vadodara: Two 20-year-old men from Chhota Udepur district fell into the Vadatalav lake near the temple town of Pavagadh on Tuesday evening. One of them drowned, while another was rescued by the fire brigade. Four friends from Katkuva village in Bodeli taluka of Chhota Udepur district went to the Mahakali temple on Pavagadh hill. After offering prayers, they decided to visit Vadatalav, a popular spot near the hill, while returning to their village. One of the four, Vipul Rathwa, decided to enter the pond for a dip. However, he started drowning, and upon seeing him, his friend Jignesh Rathwa entered to save him. Jignesh was unable to rescue Vipul and began to drown. Jignesh, however, managed to reach a mound in the pond and save himself. Bystanders called the fire brigade from Halol and the police. Personnel from the fire brigade brought out Jignesh safely. After an extensive search, Vipul's body was also fished out. The relatives of the deceased were informed about the incident and reached Pavagadh. An autopsy was performed on the body at the Halol referral hospital. Get the latest lifestyle updates on Times of India, along with Doctor's Day 2025 , messages and quotes!
Time of India
26-06-2025
- Business
- Time of India
IIIT-A student bags 1.45cr package from US company
1 2 Prayagraj: A BTech student of the Indian Institute of Information Technology, Allahabad (IIIT-A), Vipul Jain, has secured an impressive Rs 1.45 crore per annum package from Rubrik, a leading US-based cloud data management company. This is the highest offer received by any student at IIIT-A for the current academic session. IIIT-A director Prof Mukul Sharad Sutaone congratulated Vipul on his achievement and credited the institute's academic ecosystem, dedicated faculty, and industry-oriented curriculum for nurturing top-tier talent. "This success reflects IIIT-A's commitment to excellence in technical education and holistic student development. We are proud of Vipul and all our students who continue to bring laurels to the institute," he said. This year, nearly 100% of BTech students from IIIT-A were successfully placed in top national and international companies, making the 2025 placement season one of the most successful in the institute's history. As many as 13 students received packages ranging from Rs 70 lakh to Rs 99 lakh, and 70 students bagged offers in the Rs 50 lakh to Rs 69 lakh range. tnn
