Wednesday 10 April 2019

ZestMoney EMI launches on Flipkart


•By the end of April, 100 million Flipkart customers can make purchases upto INR 5 lakhs in credit with ZestMoney EMI at 0% interest.
•ZestMoney consumers can checkout directly on Flipkart and enjoy a seamless ‘one-click payment experience

Mumbai,  April 10, 2019 (HPN) : ZestMoney, India’s largest and fastest growing digital EMI provider today announced that it is strengthening its partnership with a super-fast direct checkout option on Flipkart. ZestMoney’s fully integrated payment is the only EMI product on Flipkart that enables customers to pay for a ‘basket’ of goods across all categories over flexible tenure of 3, 6, 9 or 12 months. Basket size can be as little as INR 3,000 and as large as 5 lakhs. And, as a part of the launch offer, all users can avail 0% interest on EMI tenure of 3 months. The product will be available for all Flipkart users by the end of this month.
Customers can sign up for a Credit Limit on ZestMoney website in as little as 3 minutes. ZestMoney has the highest approval rating in the market as it uses advanced AI and alternative data in risk assessment. Even customers who do not have a credit score are eligible to get credit on ZestMoney.
Speaking on the announcement, Lizzie Chapman, CEO and Co-Founder of ZestMoney, said, “We are committed to solving the affordability problem for digital shoppers in India by financing instantly, at the checkout, using our superior technology. We’re thrilled that our partnership with Flipkart has now grown to an extent where we can redefine the payment experience for our consumers shopping on Flipkart”.
Flipkart is betting big on affordability solutions this year as it aims to grow its reach to the next 100 million users. Less than 30 million individuals have a credit card in India so new EMI providers, that do not rely on traditional risk scoring, are the need of the hour.
About ZestMoney
ZestMoney is the largest and fastest growing consumer lending fintech company in India founded by Lizzie Chapman, Priya Sharma and Ashish Anantharaman in 2015. ZestMoney is built as a platform that can meaningfully improve the lives of more than 300 million households in the country, who currently have no access to credit cards or any other formal financing options because of insufficient credit history. ZestMoney’s unique platform uses mobile technology, digital banking and Artificial Intelligence to make life more affordable to millions of Indian consumers. ZestMoney is backed by leading investors such as Ribbit Capital, Xiaomi, Naspers Fintech and Omidyar Networks.

CBME India: A rich posse of over 450 global and local brands


Mr. Abhijit Mukherjee, Group Director UBM India Pvt. Ltd.; .; Mr. Rajesh Vora, Managing Director, Chicco; Mr. Yogesh Mudras, Managing Director, UBM India Pvt. Ltd. and Ms. Rekha Chaudhari, Global Wellness Ambassador of India and Managing Director, One Line Wellness Pvt. Ltd. at the inaugural ceremony of CBME India 2019 - Photo By Sachin Murdeshwar / HPN.

Mumbai, 10th April 2019 (HPN) :UBM India launched the 7th edition of the uniquely positioned Children, Baby Maternity Expo India (CBME India) today at the Bombay Convention and Exhibition Centre, Mumbai. The largest children, baby and maternity product business expo in India, the CBME India offers unrivalled business opportunities for local and global manufacturers, and sellers of baby products to connect, network and conduct business.
The inaugural ceremony of CBME India 2019 took place in the presence of special invitees –Ms. Rekha Chaudhari, Global Wellness Ambassador of India and Managing Director, One Line Wellness Pvt. Ltd.; Mr. Rajesh Vora, Managing Director, Chicco; Mr. Yogesh Mudras, Managing Director, UBM India Pvt. Ltd. and Mr. Abhijit Mukherjee, Group Director UBM India Pvt. Ltd. amidst an industry gathering.
The show brought together more than 450 major global and Indian brands, to showcase innovative and an exhaustive spectrum of baby care products, toys, baby food, organic clothing, nutraceuticals, ergonomic furniture, licensing brands, stationery, gifts, infant safety technology, brain development tools among a rich array of other quality, technologically advanced and aesthetically pleasing international products. Professionals visiting the expo catered to baby, child wear, children shoe stores, maternity wear shops; toy shops, supermarkets, hypermarkets, department stores, pre-schools, nursing homes, individual buyers, service companies, designers, associations and Consulates.
The three-day expo is  witnessing  an enthusiastic participation from over 130 national and international exhibitors from 10 exhibiting countries such as China, Korea, Hong Kong, Australia, Canada, Germany, Japan, Singapore, Russia and Taiwan  to name a few. Most significantly, the event is well supported by key associations such as All India Association of Industries (AIAI); Indian Imports Chamber of Commerce and Industry (IICCI); Franchising Association of India and Licensing Industry Merchandisers’ Association (LIMA).  CBME India will witness a  Korea Pavilion by Korea Federation of Clothing Merchant Federation & a Hong Kong Children Babies Maternity Industries Association (HKCBMIA) Pavilion.
Some of the key exhibitors inlcude Artsana India Pvt Ltd – Chicco, Nobel Hygiene Pvt Ltd, Mitsui & Co. India Pvt. Ltd. – Merries,  PUR Thailand, Tiny Twig Apparel Pty Ltd., Softsens Consumer Products Private Limited, NOVATEX GmbH, First Care India Private Limited – BuddsBuddy, Azafran Innovacion Ltd., American Hygienics Corporation, Mother and Babycare Inc. – Little Angel, Indify Ventures – OK Baby & BEABA, Maiden Distributors amongst others, who are showcase trending and innovative products catering to this niche industry.
Speaking at the inauguration of the 7th edition of CBME India, Mr. Yogesh Mudras, Managing Director, UBM India said, “The childcare and maternity products market once considered as very niche is set for a big boom. With an increase in disposable income of parents, a change in their consumer habits, increased media exposure, awareness amongst women, online shopping and a renewed focus on child safety and well-being, this high potential industry which has a projected growth rate of over 17% (CAGR) till 2020 is now ready for a major growth spurt that will transform it into a thriving industry. We see the industry making a shift towards a more organised market from a then fragmented one. With structure come innovation and technology that has helped widen the market further.”
“Unique initiatives like CBME India play a very important part to provide information and education as well as the inspiration to raise the bar for the children and maternity market. While the baby care and children products are evolving, an even greater potential exists for the maternity products segment that needs to be unravelled.” he added.
In its quest to deliver unique and innovative value propositions to exhibitors and visitors alike, this year, CBME India 2019 comprised a number of salient features including power – packed knowledge sessions, seminars, discussion of new trends and various international pavilions to surge into the rapidly expanding and diverse retail sector in India.
Day 1 saw presentations and seminars by WGNS, the Trend Partner for CBME India 2019 that discussed Kids Fashion trends, Toy trends and Retail concept. Sessions by industry speakers included topics such as – ‘Fast Fashion  impact on  the kids wear market’ and ‘How Brands are adopting Closed Loop Recycling to incorporate sustainability’.
Day 2 will see a seminar on  Licensing of Kids Brands – Trends and Thoughts Triggers for Future Growth and will host a Panel Discussion followed by a Fashion show – Cool Kids Fashion India in association with UDAAN that will highlight premium kids fashion accessories and clothing (age 0-14 years) from both well-known & emerging designers, brands and manufacturers.  The topic of discussion for the Panel will be – ‘Changing Consumer Behaviour – Trends and Opportunities’. The event will also witness the announcement of one of a kind initiative by UBM India – ‘IMP CBM Brands’ a  bi-annual program, which will be a nationwide quest for India’s most preferred brands in the children, baby and maternity products industry, and conferring on them, the exclusive privilege to license the prestigious ÍMP logo for all their marketing engagements, such as online campaigns, hoardings, merchandising, press announcements, product packaging and advertising.
The expo also features a special Licensing Pavilion by LIMA that aims to foster the growth and expansion of licensing around the world, raise the level of professionalism for licensing practitioners, and create greater awareness of the benefits of licensing to the Indian business community. The pavilion will showcase various licensing opportunities and have licensing experts to answer queries related to global brand licensing.
About CBME India:
CBME India will be organized by UBM which in June 2018 combined with Informa PLC to become a leading B2B information services group and the largest B2B Events organiser in the world. Please visit (www.cbmeindia.com )  for more information on CBME India andhttps://www.ubm.com/global-reach/ubm-asia  for our presence in Asia.
About UBM Asia:
UBM Asia recently became part of Informa PLC, a leading B2B information services group and the largest B2B Events organiser in the world. Please visithttps://www.ubm.com/global-reach/ubmasia  for more information about our presence in Asia.

Advanced Chipset from STMicroelectronics Brings New 100W Power-over-Ethernet Standard to Connectivity and Smart-Building Applications


MUMBAI,  10 April, 2019 (HPN) : A new chipset from STMicroelectronics lets users quickly build reliable and space-efficient Powered Devices (PDs) to take advantage of the latest IEEE 802.3bt Power-over-Ethernet (PoE) specification.
The PM8804 and PM8805 provide the PoE-converter circuitry for PDs up to class-8, which defines a usable power budget of 71 Watts. The chipset saves space, enhances reliability, and cuts time to market for next-generation connectivity equipment including 5G “small cells,” WLAN access points, switches, and routers. ST’s new PoE chipset also targets smart-building and smart-office applications such as IP cameras, access-control systems, display panels, lighting, curtain or shutter controllers, video-call systems, IP phones, and tabletop consoles.
The PM8804 implements a complete PWM controller for a 48V isolated flyback or forward converter, including dual low-side gate drivers for high-efficiency forward active-clamp topologies. The operating frequency is selectable up to 1MHz, allowing the use of small external filter and decoupling components for high power density. Also featuring a high-voltage start up regulator with 20mA output capability, the PM8804 helps save on board space and bill of materials.
The PM8805 companion chip contains two active bridges, a charge pump for driving high-side MOSFETs, a hot-swap FET, and the IEEE 802.3bt compliant interface. Integrating the active bridges saves the real-estate otherwise occupied by eight discrete MOSFETs and their driving circuitry. The PM8805 generates a Power-good signal for enabling the PM8804 and other circuitry such as an LED driver, and supports Maintain Power Signature (MPS) current control that allows the PD to enter power-saving standby without being disconnected.
Both devices are in production now. The PM8804 is packaged as a 3mm x 3mm, 0.5mm-pitch VFQFPN-16, and priced at$0.60 for orders of 1000 pieces. The PM8805 in 8mm x 8mm thermally enhanced VFQFPN-43 featuring exposed pads is $4.50.
About STMicroelectronicsST is a global semiconductor leader delivering intelligent and energy-efficient products and solutions that power the electronics at the heart of everyday life. ST’s products are found everywhere today, and together with our customers, we are enabling smarter driving and smarter factories, cities and homes, along with the next generation of mobile and Internet of Things devices.
By getting more from technology to get more from life, ST stands for life.augmented.
In 2018, the Company’s net revenues were$9.66 billion, serving more than 100,000 customers worldwide. Further information can be found at www.st.co

Thursday 4 April 2019

Children Baby Maternity Expo India all set to offer unrivalled business opportunities in its 7th edition


Mumbai, 4th April,  2019 (HPN) : UBM India is set to bring in the 7th edition of the uniquely positioned Children Baby Maternity Expo India (CBME India) from 10th –12th April, 2019 at the Bombay Convention and Exhibition Centre, Goregaon, Mumbai. The largest children and maternity product B2B expo in India, CBME India will offer unparalleled business opportunities to local and global manufacturers and sellers of baby products to connect, network and conduct business with a choice of distributors, Importers, dealers, influencers and merchandise heads from modern retail businesses, online retailers, aggregators, service providers, business investors, and franchisee seekers. These professionals cater to baby, child wear, children shoe stores, maternity wear shops, toy shops, supermarkets, hypermarkets, department stores, pre-schools, nursing homes, individual buyers, service companies, designers, associations and Consulates.
The three-day expo will witness enthusiastic participation from over 100 national and international exhibitors from 10 exhibiting countries such as China, Korea, Hong Kong, Australia, Canada, Germany, Japan, Singapore, Russia and Taiwan to name a few. These industry players will present over 450 brands to showcase and launch an exhaustive spectrum of baby care products, toys, baby food, organic clothing, nutraceuticals, ergonomic furniture, licensing brands, stationery, gifts, infant safety technology, and brain development tools among a rich array of other quality, technologically advanced and aesthetically pleasing international products. Most significantly, the event is well-supported by key associations such as All India Association of Industries (AIAI); Indian Imports Chamber of Commerce and Industry (IICCI); Franchising Association of India and Licensing Industry Merchandisers’ Association (LIMA). 
Some of the key exhibitors will include Artsana India Pvt Ltd – Chicco, Nobel Hygiene Pvt Ltd, Mitsui & Co. India Pvt. Ltd. – Merries,  PUR Thailand, Tiny Twig Apparel Pty Ltd., Softsens Consumer Products Private Limited, NOVATEX GmbH, First Care India Private Limited – BuddsBuddy, Azafran Innovacion Ltd., American Hygienics Corporation, Mother and Babycare Inc. – Little Angel, Indify Ventures – OK Baby & BEABA, Maiden Distributors amongst others, who will showcase trending and innovative products catering to this niche industry. 
Speaking on the upcoming CBME India 2019,Mr. Yogesh Mudras, Managing Director, UBM India said, “The maternity and baby care products industry in India which has a projected growth rate of over 17% (CAGR) till 2020 is undergoing a phase of complete innovative transformation in the recent years, making India a worthwhile market for such products among other emerging nations. Formerly, this industry was in a nascent stage and was considered to be niche from an Indian perspective but now, driven by increasing demand by upwardly mobile millennial parents who are keen to use the latest child care equipment in the market, is ready for its greatest metamorphosis. Accordingly, key players are constantly involved in innovative development to widen the market, by using new technologies and advanced marketing approaches.”
He added, “The CBME India thus plays a vital role in this market by creating awareness, and demand for novel products that truly make parenting easy and a joy. It also gathers the entire buyer and seller community to increase the penetration, reach and variety of child, maternity and baby care products in the country to generate more business.
Over the course of the 3 days, CBME India 2019 will comprise a number of salient features including two days of power – packed knowledge sessions, seminars, discussion of new trends and various international pavilions to surge into the rapidly expanding and diverse retail sector in India.  A special Licensing Pavilion by LIMA is bound to attract visitors along with the presence of a number of licensing industry.  This feature will foster the growth and expansion of licensing around the world, raise the level of professionalism for licensing practitioners, and create greater awareness of the benefits of licensing to the Indian business community. The pavilion will showcase various licensing opportunities and have licensing experts to answer queries related to global brand licensing. Another feature includes presentations and seminars byWGNS, the Trend Partner for CBME India 2019that will discuss Kids Fashion trends, Toy trends and Retail concept. The Two day conference will also have sessions by industry speakers on ‘Fast Fashion impact on the kids wear market’ and ‘How Brands are adopting Closed Loop Recycling to incorporate sustainability’.
The expo will also host a Cool Kids Fashion India in association with UDAAN that will highlight premium kids fashion accessories and clothing (age 0-14 years) from both well-known & emerging designers, brands and manufacturers.
Udaan has emerged as the largest apparel distribution platform in the country reaching more than 300k retailers across 900+ cities. Udaan is working continuously towards strengthening its connect in the industry, and has identified CBME India as the perfect platform. ” Kid’s Apparel is an essential consumer category for Udaan. Selling more than 1 million units every month, we are growing by 100% quarter on quarter. We aim to partner with 1.5 lakh+ kid’s wear stores by the end of 2019 making Udaan the most preferred distribution platform for kid’s wear brands in the country” says Ankit Agarwal – Business Head – Apparels & Accessories, Udaan.
In its quest to deliver unique and innovative value propositions to exhibitors and visitors alike, this year, CBME India will witness a Korea Pavilion by Korea Federation of Clothing Merchant Federation & a Hong Kong Children Babies Maternity Industries Association (HKCBMIA) Pavilion.     
About CBME India:
CBME India will be organized by UBM which in June 2018 combined with Informa PLC to become a leading B2B information services group and the largest B2B Events organiser in the world. Please visit (www.cbmeindia.com) for more information on CBME India andhttps://www.ubm.com/global-reach/ubm-asia   for our presence in Asia.
About UBM Asia:
UBM Asia recently became part of Informa PLC, a leading B2B information services group and the largest B2B Events organiser in the world. Please visithttps://www.ubm.com/global-reach/ubm-asiafor more information about our presence in Asia.

Wednesday 3 April 2019

Magma Fincorp Limited Announces its maiden Public Issue of Secured Redeemable Non-Convertible Debentures (“NCDs”)


Mumbai, April 03, 2019 (HPN) :  Magma Fincorp Limited, a non-banking finance company, is coming out with a Public Issue of Secured Redeemable Non-Convertible Debentures (“NCDs”) of the face value of Rs. 1,000 each. The Tranche I Issue includes a Base issue Size for an amount of Rs. 200 crores with an option to retain oversubscription up to Rs. 300 crores aggregating up to Rs.500 crores. The Tranche I Issue offers various options for subscription and yield up to 10.76% (per annum) on Redemption. The Tranche I Issue opens on April 08, 2019 and closes on May 08, 2019, with an option of early closure or extension.
The NCDs proposed to be issued under this Tranche I Issue are rated as BWR AA / Stable (pronounced as BWR Double A) (Outlook: Stable) by Brickworks Ratings India Private Limited and ACUITE AA/ Stable by Acuite Rating & Research Limited erstwhile known as SMERA Ratings & Research Limited.Such instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations and carry very low credit risk.
These NCDs, bearing a fixed rate of interest, are being offered under seven different Series.
The terms of each series of NCDs, offered under Tranche I Issue are set out below:
(*The Company would allot the Series I NCDs, as specified in the Tranche I Prospectus to all valid Applications, wherein the Applicants have not indicated their choice of the relevant Series of NCDs.)
Net proceeds of the issue will be utilized for the purpose of onward lending, financing and for repayment/prepayment of interest and principal of the existing borrowings of the Company; and for general corporate purpose.
The NCDs offered through the Tranche I Prospectus are proposed to be listed on the BSE & NSE. BSE shall be the Designated Stock Exchange for the Tranche I Issue.
The Lead Managers to the Issue are Edelweiss Financial Services Limited and A. K. Capital Services Limited.
Catalyst Trusteeship Limited (formerly known as GDA Trusteeship Limited) is the Debenture Trustee and Karvy Fintech Private Limited (formerly known as KCPL Advisory Services Private Limited) is the Registrar to the Issue.
Magma Fincorp Limited a non-deposit taking non-banking finance company. The Company commenced its financing business in 1989, and have almost three decades of experience in the financial sector. The company engaged in providing asset backed financing for new and pre-owned auto and utility vehicles, tractors, cars and commercial vehicles, mortgage financing, financing to SMEs and distribution of general insurance products. The Company’s customers include first-time buyers of vehicles, self-employed and non- professional individuals, small and medium entrepreneurs and customers with informal income and limited banking and credit history. As of December 31, 2018, the company had around 12.00 lakh active customers, of which approximately 4 lakh active customers were in the company’s financing businesses and 8 lakh active customers in the company’s general insurance business. The company have a widespread branch network that forms an integral part of the company’s ability to service the customers. As of December 31, 2018, Company had a presence across 21 States in India through 309 branches.
Allotment in the public issue of debt securities will be made on the basis of date of upload of each application into the electronic book of the stock exchanges. However, on the date of oversubscription, the allotments will be made to the applicants on proportionate basis. For further details refer section titled “Issue Related Information” on page 31 of the Tranche I Prospectus dated March 29, 2019.
The Tranche I Issue shall remain open for subscription on Working Days from 10 a.m. to 5 p.m. (Indian Standard Time) during the period indicated above, except that the Tranche I Issue may close on such earlier date or extended date as may be decided by the Board of Directors of the Company or the Management Committee of the Board, subject to necessary approvals. In the event of an early closure or extension of the Tranche I Issue; the Company shall ensure that notice of the same is provided to the prospective investors through an advertisement in a daily national newspaper with wide circulation on or before such earlier or extended date of Tranche I Issue closure. Applications Forms for the Tranche I Issue will be accepted only from 10:00 a.m. to 5:00 p.m. or such extended time as may be permitted by BSE and NSE, on Working Days during the Issue Period. On the Issue Closing Date, Application Forms will be accepted only between 10:00 a.m. to 3:00 p.m. and uploaded until 5:00 p.m. (Indian Standard Time) or such extended time as may be permitted by BSE and NSE.
For further details please refer Shelf Prospectus and Tranche I Prospectus both dated March 29, 2019. ENDS

Shriram City Union Finance Limited Public Issue of Secured Redeemable Non-Convertible Debentures to open on April 5, 2019


Mumbai, April 3, 2019 (HPN) : Shriram City Union Finance Limited, a deposit-taking NBFC under Shriram group of companies (the “Shriram Group”), a prominent financial services conglomerate in India is coming out with a public issue of secured redeemable non-convertible debentures of face value of Rs. 1000 each (“NCDs”). The Tranche 1 Issue is for a base issue size of Rs. 1,000 million, with an option to retain over-subscription up to Rs. 6,500 million, aggregating up to a total of Rs. 7,500 million.  The Tranche 1 Issue opens on April 05, 2019 and closes on May 3, 2019, with an option of early closure or extension.
The NCDs proposed to be issued under the Issue have been rated ‘CARE AA+ Stable’ (Double A Plus; Outlook: Stable) by CARE and ‘CRISIL AA/Stable’ (pronounced as CRISIL double A rating with Stable outlook) by CRISIL for an amount of upto ` 30,000 million vide their letters dated December 11, 2018 (and revalidated on February 14, 2019 and further revalidated on March 20, 2019) and December 6, 2018 (and revalidated on February 19, 2019 and further revalidated on March 19, 2019) respectively. The rating of the NCDs by CARE and CRISIL are considered to have a high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. The ratings provided by CARE and CRISIL may be suspended, withdrawn or revised at any time by the assigning rating agency and should be evaluated independently of any other rating.
These NCDs, bearing a fixed rate of interest, are being offered under eight different series.
The terms of each series of NCDs, offered under Tranche 1 Issue are set out below:

Particulars
Series
I
II
III
IV
V
VI
VII
VIII
Frequency of Interest PaymentAnnualCumulativeAnnualMonthlyCumulativeAnnualMonthlyCumulative
Minimum Application
 Rs.10,000 (10 NCDs) across all series collectively
Face Value/ Issue Price of NCDs
Rs. 1,000 per NCD
In multiples of thereafter
Rs. 1,000 (1 NCD) across all series
Tenor24 months24 months36 months36 months36 months60 months60 months60 months
Coupon (% per annum)
9.55
NA
9.65
9.26
NA
9.75
9.35
NA
Effective Yield (% per annum)
9.55
9.55
9.64
9.65
9.65
9.74
9.75
9.75
Mode of Interest Payment
Through various modes available
Amount on Maturity (`)
1,000
1,200.15
1,000
1,000
1318.70
1000
1,000
1593.15

With respect to series where interest is to be paid on an annual basis, relevant interest will be paid on each anniversary of the Deemed Date of Allotment on the face value of the NCDs. The last interest payment under annual series will be made at the time of redemption of the NCDs.
The funds raised through this Tranche 1 Issue will be utilised for company’s various financing, lending, investments, repaying its existing liabilities or loans, towards its business operations, capital expenditure, working capital requirements and general corporate purposes, after meeting the expenditures of and related to the Issue and subject to applicable statutory/regulatory requirements.
The NCDs offered through this Tranche 1 Prospectus are proposed to be listed on the BSE. BSE is the Designated Stock Exchange for the Tranche 1 Issue.
The Lead Managers to the Issue are A. K. Capital Services Limited and Edelweiss Financial Services Limited.
Catalyst Trusteeship Ltd. (formerly known as GDA Trusteeship Limited) is the Debenture Trustee and Integrated Registry Management Services Private Limited is the Registrar to the issue. ENDS

गोदरेज एंड बॉयस ने डाई पैरामीटर मॉनिटरिंग के लिए पेश की स्मार्ट कनेक्टेड डाई कास्टिंग डाई

~ स्मार्ट कनेक्टेड डाई कास्टिंग डाई फाउंड्री की कार्यकुशलता को बेहतर बनाती है, जिससे डाई की आयु 10% बढ़ जाती है और प्रति पीस लागत 10% कम हो ...