Param Pujya Premacharyaji (Shri Pravinbhai Mehta) Founder of Shrimad Rajchandra Aatma Tatva Research Centre passed away

MUMBAI, 21 FEBRUARY, 2023 (TGN): The last disciple of Lord Mahavir, Param Krupaludev Shrimad Rajchandraji's ardent devotee and the founder of Shrimad Rajchandra Aatma Tatva Research Centre, Rajnagar, Parli (Maharashtra), Atmatatvagya Param Pujya Premacharyaji (Shri Pravinbhai Mehta - affectionately known as Param Pujya Pappaji by Satsangis) on Friday 17 - 02 – 2023 at the age of 97 years, left his mortal body with Samadhistha Bhav. His cremation was performed in presence of a large public gathering in the center of Parli Research Centre with chanting of mantras on the evening of 18-02-2023.

The foundation of Shrimad Rajchandra Aatma Tatva Research Centre Parli was laid by Param Pujya Premacharyaji in the year 2003. With the understanding of Vitraag science, to advance seekers on the path of Tirthankar Bhagwan and for social service of the tribal people who are suffering from extreme poverty, diseases, the difficult situation of women in running the house, the children engaged in labour instead of education for provision of one meal at home etc.  were the two primary objectives set by the most reverend Premacharyaji for the Research Centre. 

Param Pujya Premacharyaji guided seekers in India and abroad for satpurusharth through Satsang and Satsamagam. Knowing the inner wisdom of Lord Mahavir and through his revolutionary speech, he would have made a continuous compassionate effort to enlighten the seeker who wanted to attain self-realization by giving appropriate guidance in simple words. His unique style in enlightening and interesting teachings on esoteric topics with simple examples to provide accurate guidance to Satsangis to maintain good behaviour with people in different relationships and progress through Vitraag path. His discourses on topics such as “Paribhraman ni Sampoorna Ahuti”, the secret of the bhakti-marg, the secret of the path of nirvana, the address of Samkit - the simple understanding of the six morals of the soul as the abode of Samyak Darshan, Shri Aatmasiddhi Shastra, provide conviction of his continuously enhancing spiritual progress and have proved extremely beneficial to many seekers embarking on the spiritual path. 

For the upliftment of the illiterate and backward people of the rural areas around Parli, His Holiness Premacharyaji initiated four major types of social service areas which has flourished worldwide over time:

Provision of employment, food and health care to 100+ tribal women by Shramik Nari Sangh (NGO for women empowerment); Educating 1000+ rural children through Shree Raj Education Center State-of-the-art English School; Treatment of physical diseases of rural citizens through Shree Raj Medical Centre and provision of one meal of nutritious food daily to the poor through Shree Raj Roti Center established in many towns. Plans for further development in these four areas are being strategised by the Research Centre and the management is continuously working for its implementation.

On Tuesday, February 21, from 3 to 5 p.m., a "Smaranjali"(Memorium) meeting has been organized at Shrimad Rajchandra Aatma Tatva Research Centre in honour of Pujyashri's distinct soul qualities. Everyone is kindly requested to take prasad after the commemorative meeting.

Trustees

Shrimad Rajchandra Aatma Tatva Research Centre, Parli.Ends

Generation Art Foundation Present “MUMBAI ART EXPO” & FOOD – 2023 -Arts, Crafts, Flea & Food Festival 11th & 12th Feb, 2023 At The Bombay Presidency Radio Club, Colaba, Mumbai

MUMBAI, 10 FEBRUARY, 2023 (TGN):  Generation Art Foundation Present “Mumbai Art Expo – 2023” Arts, Crafts, Flea & Food festival from 11th & 12th Feb, 2023 at The Bombay Presidency Radio Club, 157, Arthur Bunder Road, Apollo Bandar, Colaba, Mumbai. Curator by Ghanshyam Gupta. The Mumbai Art expo was inaugurated by Dr. Jagannathrao Hegde (Former Sheriff of Mumbai), Mr. Chetan Shah (Ashapura Group of Industries), Mr. Jeetendra Kumar IRS (Commissioner of Income Tax, Mumbai) & many other Art & Bollywood celebrities at 1 pm on 11th Feb, 2023 & will continue up to 12th Feb, 2023 from 12 to 9 pm.

Renowned Artist Mr. Ghanshyam Gupta has taken the initiative of executing an Mumbai Art Expo & Food Festival & with over 35 participants to give great exposure to the art field and for the welfare of the art community. Mumbai Art Expo & Food Festival selected a total of 35 talented Artists to showcase their excellent artwork. MUMBAI ART EXPO 2023 is open to the public free of cost.

Some renowned participating Artists – Ram Thorat, Mrs. Vishakha Pankaj Bhujbal, Shashi Shukla, Nandini Verma, Ajay Kumar Chaudhary, Ghanshyam Gupta, Suparna Mukherje, Preeti Sethi, Kavita Tambolkar, Rakhi Mehta, Mamta Bora, Himanshu Soni, Qureysh Basrai, Pushpanjali Panda, Dr. Sulochana Gawde, Ammara Shaikh, Shabnam I. Reshamvala, Satyajeet Shergill, Leena Mathur, Renuka Wagh, Shilpa Surana, Kirti Habibkar, Sachi Bhalgat & others.Ends

InCred Financial Services Limited announces Public Issue of up to ₹ 350 crore of Secured, Redeemable Non-Convertible Debentures (NCDs)

 

• Effective yield of up to 10.02% per annum for Series IV

• Credit Rating: CRISIL A+/Stable by CRISIL Ratings Limited

• Issue opens on January 9, 2023 and closes on January 27, 2023, with an option for early closure as decided by the Board of Directors or Finance Committee of the Company and subject to relevant approvals

• NCDs will be traded in dematerialised form

• Allotment on first cum first serve basis. However, from the date of oversubscription and thereafter, the allotments will be made to the applicants on proportionate basis.

Mumbai, January 05, 2023 (TGN): InCred Financial Services Limited, (erstwhile known as KKR India Financial Services Limited) (the “Company”), a non-deposit taking systemically important Non-Banking Financial Company (NBFC), today announced the public issue of Secured, Redeemable Non-Convertible Debentures (NCDs) of the face value ₹ 1,000 each, amounting to ₹ 175 crore with an option to retain oversubscription up to ₹175 crore (“Base Issue”) aggregating to a total of ₹ 350 crore (“Issue”). The Issue opens on Monday, January 9, 2023 and is scheduled to close on Friday, January 27, 2023. The NCDs proposed under the Issue have been rated CRISIL A+/Stable by CRISIL Ratings Limited.

The Lead Manager to the Issue is JM Financial Limited. 

Mr. Bhupinder Singh, Whole Time Director and Chief Executive Officer, of InCred Financial Services Limited said, “We have firmly established ourselves as a diversified lending NBFC with a business model rooted in cutting edge tech and analytics and a laser sharp focus on risk metrics reflected in the strength of our asset quality.  This is a consequence of a tried and tested approach to credit risk and collections. We continuously leverage technology and data-science to make lending quick, simple and hassle-free and believe that technology will help to drive continuous reductions in our processing time, thereby improving our efficiency and allowing us to provide better service to our customers. A key component of our growth so far has been the success of our liabilities strategy, and this public issuance of NCDs will play a role in further diversifying and strengthening our borrowing mix”

The NCDs offer Coupon Rate ranging from 9.45% to 10.00% per annum with quarterly and annual interest option. The NCDs have two tenors of 27 months and 39 months. Please refer to table on Issue Structure below on coupon rates and tenors for each series of NCDs. The NCDs are proposed to be listed on on BSE Limited and National Stock Exchange of India Limited where BSE is the designated stock exchange.

At least 75% of the funds raised through this Issue will be used for the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company and the balance is proposed to be utilized for general corporate purposes, subject to such utilization not exceeding 25% of the amount raised in the Issue, in compliance with the Securities and Exchange Board of India (Issue and Listing of Non-Convertible Securities) Regulations, 2021 (“SEBI NCS Regulations”). 

Issue structure 

Series	I	II	III	IV*
Frequency of Interest Payment	Quarterly	Annual	Quarterly	Annual
Minimum Application	₹ 10,000 (10 NCDs) across all series
In Multiples of thereafter (₹)	₹ 1,000 (1 NCD)
Face Value / Issue Price of NCDs (₹/ NCD)	₹ 1,000
Type of Instrument	Secured NCDs
Tenor	27 Months	27 Months	39 Months	39 Months
Coupon (% per annum) for NCD Holders in Category I, Category II, Category III & Category IV	9.45%	9.80%	9.65%	10.00%
Effective Yield (% per annum) for NCD Holders in Category I, Category II, Category III & Category IV	9.78%	9.82%	10.00%	10.02%
Mode of Interest Payment	Through Various Modes available
Amount (₹ / NCD) on Maturity for NCD Holders in Category I, Category II, Category III & Category IV	₹ 1,000	₹ 1,000	₹ 1,000	₹ 1,000
Maturity / Redemption Date (from the Deemed Date of Allotment)	27 Months	27 Months	39 Months	39 Months
Put and Call Option	Not Applicable

*Company shall allocate and allot Series IV NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.

About InCred

InCred Financial Services Limited is a non-deposit taking systemically important NBFC registered with the Reserve Bank of India. The Company caters to lower middle class to middle class Indian households for their personal finance needs like education loans, personal loans. Correspondingly, the Company also offers secured and unsecured business loans to small businesses, secured loan to K12 Indian schools for their expansion plans, supply chain financing, lending to profitable financial Institutions and micro finance companies and escrow backed lending through its SME vertical. As on September 30, 2022 the asset under management for the Company was ₹ 5,05,217.0 lakh and the Company was catering to 3,30,059 customers. 

Disclaimer: INCRED FINANCIAL SERVICES LIMITED (erstwhile known as KKR India Financial Services Limited) (“Company”), subject to market conditions and other considerations is proposing a public issue of Secured, Redeemable, Non-Convertible Debentures of face value of ₹ 1,000 each and has filed the Prospectus dated December 30, 2022 (the “Prospectus”) with the Registrar of Companies, Maharashtra at Mumbai, National Stock Exchange of India Limited, BSE Limited and SEBI. The Prospectus is available on the Company’s website at www.incred.com; on the website of the stock exchanges at www.nseindia.com and www.bseindia.com; on the website of SEBI at www.sebi.gov.in; and the website of the lead manager at www.jmfl.com. Investors proposing to participate in the Issue, should invest only on the basis of the information contained in the Prospectus. Investors should note that investment in this public Issue of NCDs involves a high degree of risk and for details relating to the same, please refer to the Prospectus and your attention is drawn to the section on “Risk Factors” beginning on page 19 of the Prospectus. 

Modern Sculpture & Paintings by renowned Artist Saumen Kar to be hosted in Mumbai

MUMBAI, 26 DECEMBER, 2022 (TGN):A well known Sculptor from Calcutta, Saumen kar will display his recent work is mixed medium, fiber & Metal bronze, fiber Glass, stone etc. in Jehangir Art Gallery No. 1, M. G. Road, Kala Ghoda, Mumbai from 27th Dec, 2022 to 2nd Jan, 2023 between 11 am to 7 pm. It will mostly emphasis his visual expressions about our universal truth, love, peace or similar emotions about human beings or mankind through well accomplished textural finesse and surface finishes. Saumen Kar had his art education in Govt. college of Arts Calcutta followed by an advanced course in M. S. University Baroda. Thereafter he held many solo and group shows and all India level participations in various art galleries in Mumbai, New Delhi, Calcutta, Goa and so on.

The present depiction reveal his unique visual expressions to illustrate eternal, truth, love, peace and tranquility, peace and harmony and human sentiments of joy, happiness, 3rd eye self introspection feelings of dancing and enjoyments (ballerina), proud sense of self beauty etc in the relevant arenas. He has demonstrated his skill and dexterity in decorating his various creations with the expected surface finesse and texture so as to yield visual pleasure and exhilaration to all, moreover some of his works also depict the inherent feelings in a sensitive human mind that enjoys the happiness in life by leading a joyful life.

His works being very artistic and expressive certainly bear testimony to the command over the medium handled and technique use for the superb adornment of the work through the relevant hues of artistic talent and genre.Ends

Belief by Arati Mishra contemporary Art exhibition at Nehru Centre Art Gallery, Worli From 6 to 12 Dec, 2022

MUMBAI, 6 DECEMBER, 2022 (TGN):  Contemporary art Breaking the stereotypes of formal training Dr. Arati Mishra, a new artist with a refreshingly unique style, has made her first public display at Nehru Art Gallery, Worli, Mumbai, between 6-12 December 2022

Forgetting traditional training in art school appears to be the mantra of a new sexagenarian artist, Dr. Arati Mishra. Following her doctoral training in genetics at Banaras Hindu University, Dr. Mishra had a career as a geneticist spanning three decades in India and abroad. In her late 50s, she could not help but respond to her new calling: expressing herself in color on sprawling canvases. Her daring finally brought out her unique gift. After ten years of continuous effort, she is rewarded with her unique oil and acrylic painting styles–achieved without a formal training per se.

She thus challenges the stereotype of art-school training as a necessary precursor to becoming a professional painter. She simultaneously exemplifies the exploration of one & #39;s inner self as a prime driver of artistic expression. Images collated for this exhibition chronicle her decade-long creative journey: from an amateur to a professional. She has now displayed over thirty pieces of her work on canvases using acrylic and oil, with a significant part of her focus on exploring the gamut of emotions evoked by Buddha & #39;s life and work. She also draws her inspiration from India & #39;s diverse cultural roots and folklore. Her paintings start with bold lines, which then melt into quintessentially Indian hues.

Besides oil and acrylic paintings on large canvases, Arati loves to foray into fluid arts on still larger canvases for the sheer variety of imagery these can create and shape her imagination In her own words, she says, & quotes I will be very pleased if my paintings encourage the viewers to take a moment to reflect on both the common place and the divine in all fresh light ! A must-visit if one wishes to get inspired by an age- and norm-defying artistic expression.Ends

MSRcosmos group launches Farms IQ to empower the agricultural supply chain with cutting edge technology

MUMBAI, 29 NOVEMBER, 2022 (TGN): MSRcosmos, an enterprise IT services company providing world class software solutions & services to leading organizations across the globe launches Farms IQ, a robust digital system for the agricultural supply chain that can help increase productivity while enhancing business value for agriculture and farm brands. Farms IQ will serve as a subsidiary of the MSRcosmos group of companies. 

The new venture will aid in combating counterfeit activity, tracking product inventory, strengthening customer loyalty and engagement for brands and businesses in the agricultural sector. Farms IQ shall make use of Track & Trace technology to enhance traceability with blockchain-enabled QR codes and provide cost-efficient delivery of products, track their real-time consumption patterns, enhance traceability and facilitate automation. This will not just include anti-Counterfeit measures but also contribute towards the overall strengthening of the agricultural business. 

Farms IQ will also be offering rewards and loyalty ecosystems for brands to incentivize the retailer or consumer directly thus being able to maximize their ROI and accelerate customer growth. It will leverage Artificial Intelligence to offer a dashboard of performance report, sales tracking and end-customer registration to streamline workflow for businesses. 

Asset Digitization solutions under Farms IQ will allow smooth trading and ownership of asset transfers as a digital copy of each asset can be generated on a blockchain-powered network, driving transparency and efficiency at every level of operation. 

Farms IQ  will provide technology that can be used to significantly boost business value, ensure sustainability, lower carbon footprints, create profitable business models, and gain strategic advantages for businesses in the agricultural field. Businesses can experience reduced costs, create a secure environment, enhance further business prospects, reduce fraud, and improve customer retention and loyalty. 

Mr. Balaji Kandregula Sr.Director Products and Solutions at MSRcosmos, said, “Agriculture is a big part of the Indian economy or rather any economy because it helps feed the entire population. It engages and collaborates with all industry sectors. A society is typically seen as strong and stable if it has a solid agricultural foundation. Through this new offering, we seek to enhance the system as well as increase the efficiency of the agro supply chain. Our goal is to provide agricultural industry players with solutions that promote sustainability, transparency, and business value.” Ends

MSRvantage offers Serialization Systems in pharmaceutical packaging to combat counterfeiting

Mumbai, 28th November, 2022 (TGN): MSRvantage, IT Services subsidiary of MSRcosmos Group, U.S.-based multinational conglomerate enables blockchain based product serialization solutions for the pharmaceutical industry. This offering aims at enhancing security for medicine brands and consumers both by providing a complete and transparent overview of the products’ journey to fight fraud and counterfeit.

“With our next gen blockchain solution and pharma services experience, companies can make their brand name synonymous with trust and authentic medicines.” Said Mr. Balaji Kandregula, Vice President, MSRvantage. In the past, the industry has witnessed pharmaceutical products lose out to market-circulating bogus goods and treatments. Companies have long battled to remove them from the market in order to protect potential and crucial patients. Not only is a brand's image and reputation at risk, but it's also possible that one of the raw materials used to create a specific product does not meet industry standards, necessitating the recall of all the medicines. To limit loss and ensure that faulty products don’t reach the final consumer, these issues must be handled quickly and properly.

“The step was to implement pharma product serialization. It’s a method in which product packaging are assigned a unique code. The code is defined according to the country’s regulation and follows the industry standard.” said Mr. Kandregula. For further protection and safety, the code is visible on both the primary and secondary packaging of the products. Quality Control (QC) and Quality Assurance (QA) are implemented effectively and efficiently since pharmaceutical companies have a long list of laws and regulations to check off and to ensure that risk is reduced. They must ensure that the funds and resources are utilized effectively. All network participants may see where and in what condition the merchandise is because blockchain provides information over a shared network with distributed systems.

Because each product has a unique serial number, it is simple to trace them. This implies that faulty products may be quickly recalled and false products can be quickly removed from the market. A product's manufacturing process, location in the supply chain, and delivery status can all be fully transparent through. The solutions from MSRvantage offer real-time data traceability based on 24-hour tracking.

Blockchain-based smart contracts ensure that there are no middlemen, which restricts the ability of phony goods to enter the market. By connecting operations with identification labeling and authentication systems, blockchain also offers protection.

More information on product serialization offerings and other solutions by MSRvantage is available here.