Arkade Developers Limited, Filed Its Draft Red Herring Prospectus (“DRHP”) With SEBI

DRHP Link: https://arkade.in/wp-content/uploads/2023/09/Arkade-Developers-Draft-Red-Herring-Prospectus.pdf

Arkade Developers Limited, leading real-estate developer in Mumbai, has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).

The Company’s initial public offering comprises a fresh issue of Rs 430 crore.

The company proposes to utilize the net proceeds towards development of their ongoing Projects (viz. Arkade Nest), and their Upcoming Projects; and funding acquisition of future real estate projects and general corporate purposes.

Arkade Developers is a fast growing real estate development Company with a significant presence in Mumbai, Maharashtra. The Company operations are concentrated on the development of premium aspirational lifestyle residential premises in Mumbai, Maharashtra, India’s commercial capital. As of July 31, 2023, they have developed 1.80 million square feet of residential property (including through partnership entities in which Arkade hold the majority stake). They are engaged in the development of new projects and redevelopment of existing premises, and between 2017 and Q1 2023, have launched 1,040 residential units and sold 792 residential units in different markets in the MMR, Maharashtra. In particular, they have established a successful track record of completing their projects on time, and from CY 2003 to March 2023, have successfully completed redevelopment of 9 projects in the western suburbs of Mumbai and 1 project in south-central Mumbai (through a partnership firm in which Arkade hold the majority stake) with a combined constructed area of 6,48,000 square feet. This track record has established Arkade as one of the major player of redevelopment in the Mumbai western suburbs. (Source: Anarock Report) 

While company’s initial projects were stand-alone residential buildings, their current portfolio of ongoing projects includes gated communities such as Arkade Nest, Arkade Crown and Arkade Aspire, Arkade Prime and Arkade Aura.

Arkade Developer’s revenue in Fiscal 2023, Fiscal 2022 and Fiscal 2021 are Rs 2,240.13 million, Rs 2,371.82 million, and Rs 1,131.85 million, respectively and revenue from operations has grown at a CAGR of 26.69% between Fiscal 2021 and Fiscal 2023. All of their projects have been, and are, in the MMR, Maharashtra.

Unistone Capital is the sole Book Running Lead Manager (BRLM) to the issue. The equity shares of the company will be listed on BSE and NSE.

Catalyzing Transformation: Zee Media's India eMobility Conclave Sets The Stage For A Sustainable Electric Mobility Landscape

* It brought together visionaries, innovators, and policymakers, enabling profound discussions on the Electric Vehicle Revolution

Zee Media successfully hosted the India eMobility Conclave, emerging as a catalyst for transformative change, setting the stage for a landscape defined by sustainable electric mobility. It primarily focused on boosting awareness on EVs, policy advocacy, technology advancement and sustainable mobility setting a remarkable precedent for fostering sustainable mobility solutions and propelling India toward a cleaner, greener, and electrifying future.

The India eMobility conclave began with a keynote address and an engaging fireside chat with Sh. Nitin Gadkari – Minister of Road Transport and Highways, Govt. of India, shed light on the myriad opportunities presented by India's EV adoption journey. This conclave served as a dynamic platform engaging esteemed stakeholders from diverse sectors towards insightful discussions and collectively envisioning a future where electric mobility took centre stage. It also included a one-on-one discussion with the Guest of Honour - Sh. Kailash Gahlot – Cabinet Minister (Home, Law, Transport, IT and AR), on ‘Delhi's tryst with EV adoption’. It also comprised of insightful series of captivating panel discussions that delved into key topics, like:

1. The Rise of E-scooters and E-bikes: This session emphasised on insightful discussion on how electric two-wheelers are transforming urban mobility in India, offering sustainable solutions to congestion and pollution.

2. Electrifying Horizons: Navigating the Road Ahead for Electric Vehicles - Visionaries navigated the road ahead for electric vehicles, delving into market dynamics, consumer adoption, and strategies to overcome challenges.

3. Powering Progress: Battery Innovations in the EV Revolution: It deep-dived into the latest battery technologies and innovations driving the EV revolution, emphasizing the critical role of batteries in shaping the future of transportation.

4. E-Mobility 360: Exploring the Holistic Impacts of Electric Transportation - An exploration of the holistic impacts of electric transportation, considering environmental, social, and economic dimensions.

Attendees gained a comprehensive understanding the pivotal role EVs play in shaping a cleaner and greener future for transportation, providing a roadmap for policymakers to steer the nation toward an electric-powered future.

Speaking on the success of the grand conclave, Mona Jain, Chief Revenue Officer, Zee Media Corporation Limited said, “The India eMobility Conclave has transcended expectations, not only in terms of its success but also in the resonance it has found among stakeholders. This event has not only opened avenues for industry collaboration but has also showcased the immense revenue opportunities that lie within the realm of electric mobility. As we stride forward, we're poised to unlock new horizons of growth and sustainability."

Abhay Ojha, CEO, Zee Media Corporation Limited, said, “The India eMobility Conclave stands as a pivotal milestone in our journey towards a sustainable future. The event's success echoes the collective commitment of Zee Media towards shaping a transportation ecosystem that resonates with the needs of the present while safeguarding the planet for generations to come. By bringing together brilliant minds and fostering crucial conversations, we have ignited a transformation that will reshape the way we move.”

Powered by BGAUSS, the Zee Media India eMobility Conclave was presented by SAERA and SERVOKO, e-mobility partners were Evazon and Arzoo, logistic partner – APML and knowledge partner GL Bajaj. It forged an extraordinary benchmark, pioneering the path for sustainable mobility solutions and propelling India into the realm of a more immaculate, verdant, and electrifying future.

Zee Media Corporation Ltd, one of India's leading media companies, has a strong presence in the news and regional genres, with 16 news channels in seven different languages, reaching more than 528+ million viewers through its linear and digital properties.

Blue Dart Express Limited Receives “UNFCCC Certification” For Its Climate Neutrality Efforts

Blue Dart Express Limited, South Asia's premier express air and integrated transportation & distribution logistics Company, has achieved significant recognition and certification by the “United Nations Framework Convention on Climate Change” (UNFCCC) under its esteemed #ClimateNeutralNow initiative. This accolade highlights Blue Dart's unwavering commitment to sustainability and environmental stewardship. 

The UNFCCC's #ClimateNeutralNow initiative is a global movement aimed at addressing climate change and achieving a climate-neutral world by 2050, in line with the objectives of the Paris Agreement. Participants of this initiative, including Blue Dart, must annually report their actions to measure, reduce, and contribute towards climate neutrality. 

Blue Dart has received Silver in both the "Reduce" and "Contribute" categories, along with Bronze in the "Measure" category. These recognitions demonstrate Blue Dart's dedication to climate neutrality and their efforts to combat climate change. 

The "Reduce" and "Contribute" categories showcase Blue Dart's active role in reducing greenhouse gas emissions and contributing to the global effort in combating climate change.  

The "Measure" recognition emphasizes Blue Dart's commitment to accurately measuring its carbon emissions. By gaining a comprehensive understanding of its environmental impact, the company can better strategize and implement effective measures to reduce its carbon footprint. As part of the 'Mission 2050 - Net Zero Emissions' target set by the DHL Group, Blue Dart is dedicated to playing its part in creating a healthier and more sustainable future for all. 

Ketan Kulkarni, Chief Commercial Officer, Blue Dart Express Limited, expressed his pride in the company's achievements, stating, "We are honored to be recognized by the UNFCCC for our climate neutrality efforts. At Blue Dart, we believe in taking responsibility for our environmental impact, and these recognitions are a testament to our commitment to sustainability. We will continue to work towards our 'Mission 2050 - Net Zero Emissions' goal; contributing positively to a more eco-friendly and environmentally conscious future for us all.”  

This recognition from the UNFCCC further cements Blue Dart's unwavering commitment to sustainable business practices, showcasing the company's responsible corporate citizenship. Through continuous efforts, Blue Dart continues to lead the way in promoting environmental responsibility and sustainable growth. 

“Honda Cars India Joins Hands With Hindustan Petroleum Corporation” To Offer Exciting Benefits To Its Customers

Honda Cars India Ltd. (HCIL), a leading manufacturer of premium cars in India, has partnered with Hindustan Petroleum Corporation Ltd (HPCL), a Govt. of India Maharatna Energy Company, to introduce fuel reward loyalty program exclusively for Honda Connect application users.  

Honda Connect is an intelligent and advanced connected car technology platform provided by HCIL to its customers, which provides various features like car location, car health status, trip details, book services, mileage information, important alerts etc.  

HP Pay, HPCL’s payment App with convenience & benefits is providing a secure, contactless, and streamlined digital payment & loyalty solution for the mobility and energy needs of customers. 

Under this partnership, Honda’s customers can seamlessly enrol for “HP Pay” application through "Fuel Pay" option in Honda Connect app and avail benefits, conveniences and enjoy additional 25% fuel reward points on their motor fuel purchase at HPCL fuel stations over and above the HP Pay reward points. Customers are only required to provide their registered mobile number at the fuel station during refuelling for earning the loyalty points. The accumulated loyalty points can then be redeemed into Wallet Balance or converted to Paycode i.e., a unique number which can be shared at HPCL fuel stations for fuel purchase. This new feature will be available on Honda Connect application from 4th September 2023. 

Mr Yuichi Murata, Director, Marketing & Sales at Honda Cars India, said “Our focus at Honda Cars India is to not only provide our customers with top-quality products but also offer a range of value-added services and ownership experiences. This partnership with Hindustan Petroleum Corporation Ltd. is a significant step toward enhancing the value we provide to our customers through Honda Connect. This collaboration not only ensures a rewarding refuelling experience but also aligns with our focus on delivering convenience and benefits to every Honda car owner." 

Mr. Amit Garg, Director-Marketing, Hindustan Petroleum Corporation Ltd, conveyed, "At Hindustan Petroleum Corporation Limited, we are committed to consistently provide customer-centric, engaging, and innovative propositions that cater to the evolving needs of our customers. Through this partnership, our objective is to offer a seamless solution to customers, enabling them to locate HPCL retail outlets, enhance their fuelling experience with efficiency, provide secure digital payment and avail host of rewards and benefits. We are excited to collaborate with Honda Cars India to provide enhanced offerings to Honda customers in line with our motto of “Delivering Happiness”. 

Honda Connect has been developed keeping in mind customer’s lifestyle and their growing interaction with advanced technology, offering instant and seamless communication between the customer, car, their family, and Honda. Honda Connect App comes with 37 connected features which offers a safer ownership experience, convenience, and peace of mind to customers.  

Motorola Launches “moto g84” 5G: Featuring 120Hz 10-bit Billion Colours Display, In-Built 12GB RAM With 256GB Storage

The moto g84 5G is the first sub 20K segment smartphone ever to be offered in Pantone colour of the Year 2023, Viva Magenta colour variant with vegan leather finish  

It boasts a 120Hz 6.55” pOLED display delivering over a billion shades of film-quality colour through 10-bit depth and DCI-P3 colour space display technology The display also boasts a peak brightness of 1300 NITS. The moto g84 is also the first smartphone in India under INR 20K to offer an in-built 12GB RAM + 256GB storage configuration. The device also boasts superfast 5G performance with support for 14 5G bands, 3 Carrier Aggregation, and support for VoNR. 

This device comes with an advanced 50MP OIS Camera with Ultra Pixel technology to ensure shake-free pictures, making every shot sharper, brighter, and blur free. Additionally, it offers an 8MP autofocus lens which can function as Ultrawide, macro, or depth sensor for a complete photography experience.  

The product will go on sale starting 8th September, 12PM on Flipkart, Motorola.in and leading retail stores at an effective price of just Rs. 18,999 including launch offers. 

Consumers can avail a flat Rs. 1,000 discount on ICICI Bank credit cards or an additional Rs. 1,000 off on the exchange of their old device on Flipkart. Plus, get benefits worth Rs. 5,000 from Reliance Jio. 

Motorola, India’s best 5G smartphone brand announced the launch of “moto g84” 5G, the latest addition to its g series of smartphones. The moto g84 5G is set to disrupt Indian smartphone market with its pantone curated colours, ultra-premium design and an exceptional 120Hz, 10-bit, billion colours pOLED display coupled with the segment’s first in-built 12GB RAM + 256GB Storage configuration. 

The moto g84 5G is the first moto g series device ever to come with the incredibly vibrant, Pantone colour of the Year 2023, Viva Magenta. Viva Magenta embodies an animated red hue that celebrates pure joy, developing a spirit of exploration and self-expression without restraint. The smartphone radiates a vibrant shade that electrifies the senses, making a distinctive and bold statement. The moto g84 5G comes in a special soft-touch vegan leather finish, that looks stunning and unique and adds extra comfort and style. The Vegan leather finish is available in Viva Magenta and Marshmallow Blue colours whereas the Midnight Blue variant is available in an acrylic glass (3D premium PMMA) finish.  

The motog84 5G boasts an incredibly vivid 120Hz 6.55” pOLED display that delivers over a billion shades of film-quality colours through 10-bit colour depth and 100% DCI-P3 support that truly brings entertainment to life. Users can now enjoy infinite contrast of deeper blacks, richer darks, more vibrant colours, and remarkably sharp images with no pixelation. Its Full HD+ resolution combined with a super-smooth 120Hz refresh rate, makes switching between apps, playing games, and scrolling websites smooth and seamless. Furthermore, its borderless front display provides maximum room for users to indulge in an enhanced video viewing experience, upping the entertainment quotient. Also, with a peak brightness of 1300 NITS, the display is bright and visible even in direct sunlight. 

With such a splendid display, one is bound to expect an equally incredible audio system that pushes the multimedia experience to the next level. The stereo speakers tuned with Dolby Atmos® Hi-Res certified sound system, outputs multi-dimensional studio quality audio, that feels extremely immersive and enhanced. Integrated with Moto Spatial Sound, users get greater depth, clarity, and detail when listening to music, watching films, or playing games. 

In terms of performance, the device becomes the first under the INR 20K segment to offer an in-built 12GB RAM and 256 GB Storage configuration that allows for a super smooth user experience and ample storage for photos, movies, songs, apps, and games. Coupled with the support of 14 5G bands and an efficient Snapdragon® 695 5G processor – the moto g84 5G delivers the best 5G performance in its segment.  

The moto g84 is equipped with an ultra-sharp 50MP primary camera with Optical Image stabilisation (OIS), which eliminates blurry photos and shaky videos. Plus, its Ultra Pixel technology, allows the users to capture sharper, brighter photos, irrespective of the lighting conditions. In challenging lighting conditions, the camera responds by combining every four pixels into one large 2.0 ?m Ultra Pixel, resulting in 4× better light sensitivity. Acting as a three-in-one camera, the 8 MP secondary sensor provides all the tools necessary to capture epic ultrawide shots, professional-looking portraits, and incredibly detailed close-ups. On the front, the smartphone features a fast-focusing 16MP camera, which can capture beautifully sharp selfies in the blink of an eye. Furthermore, the camera system also comes with various features and software, such as slow motion, hyper-lapse, stabilizer, auto smile capture, shot optimization, and much more. 

The moto g84 5G is backed up by a powerful 5000mAh battery which fuels up fast with a blazing speed of TurboPower™ 33W charger for users to enjoy the most important moments carefreely. Additionally, with an IP54 water repellant design, the phone stays protected even in rain, or common spills and splashes.  

Following the tradition, the moto g84 5G also comes with various stand-out experiences, like ThinkShield for Mobile which offers business grade security along with Moto Secure, which stores all your phone's vital security and privacy features.  

Additionally, moto g84 5G users will be able to expand their mobile experience to a TV or monitor for more immersive entertainment or increased productivity. And more, by connecting it with a PC, which allows them to access their phone apps and PC files all on the same screen.  This includes sharing files and images between the two devices, using the high-res camera instead of the webcam, answering calls, or responding to messages directly from the PC. 

The device also offers the Family Space application which creates a 'safe space' on the phone where kids can learn and play. With My UX, the smartphone can be customized to create a one-in-a-million look. Other standout experiences include Moto Gestures, such as Quick Capture, Fast Torch, Swipe to Split, and Gametime.  

Commenting on the launch, Mr. Prashant Mani, Executive Director - Motorola Asia Pacific, said, "Today marks an important milestone in our journey of democratizing technology and leading the 5G ecosystem in India as we proudly unveil the moto g84 5G. This remarkable device exemplifies our strong commitment to differentiate with design and colours in addition to segment-leading hardware and software features. Bringing a splash of colour to the moto g family, the moto g84 5G becomes the first in the moto g franchise to feature the PANTONE Colour of the Year 2023, Viva Magenta, along with an incredibly vivid and vibrant – billion colour pOLED display. Coupled with an incredible 5G experience through segment-leading hardware and software innovations we are confident that this smartphone will prove to be a game changer in the sub 20K 5G segment in India.” 

Availability: 

moto g84 5G will be available in three beautiful colours, namely: Viva Magenta and Marshmallow Blue in premium vegan leather finish and Midnight Blue in 3D Acrylic glass finish in a single variant with In-built 12GB RAM + 256GB Storage.  

The moto g84 5G will be available on Flipkart, Motorola.in and leading retail stores starting 8th September, 12PM onwards. 

Pricing & Launch Offers: 

Launch Price: Rs. 19,999 

Effective Price: Rs. 18,999 including bank/exchange offers 

Affordability Offers:

Flat Rs. 1000 Instant Discount on ICICI Bank Credit Cards or 

Rs. 1000 additional value on Exchange of an old device on Flipkart 

Effective Price with Offers: Rs. 18,999 

To know more about the product visit: 

https://www.flipkart.com/motorola-g84-comingsoon-jnd8oi3-k8ioi-store 

https://www.flipkart.com/g84/p/itm9a3cdfd5d3834?pid=MOBGQFX672GDDQAQ 

Operator Offers: 

Total Benefits worth Rs. 5000 from Reliance Jio (Applicable on pre-paid plan of: Rs. 399) 

- Cashback worth Rs. 2000 

- Partner coupons worth Rs. 3000 

To know more about the offer:   https://www.jio.com/en-in/jio-motorola-g84-offer-2023.

India's Digital Startup Ecosystem A Catalyst For Global Healthcare Transformation: Union Minister- Piyush Goyal

* Robots make it to the healthcare conference panel, reflecting the future potential of technology. 

* Digital Health Summit brings the top global leaders for the first time to India 

India’s thriving start-up ecosystem, which is the third largest in the world has an immense potential to tackling pressing healthcare challenges on a global scale, stated the Union Minister of Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Shri Piyush Goyal. 

Speaking virtually at the Global Digital Health Summit 2023 in Mumbai, Shri Goyal informed that the rise of digital healthcare holds the key to addressing healthcare accessibility issues—a mission that aligns seamlessly with Prime Minister Narendra Modi's vision of healthcare for all. 

Pointing out the potential of emerging markets, Goyal stated that India is well-positioned to harness this opportunity. “During the pandemic, India manufactured and provided almost 300 million vaccines to 100 countries showcasing India’s commitment to global healthcare crises,” he said. 

Shri Goyal spotlighted the potential of machine learning in revolutionising healthcare diagnostics, ensuring the delivery of high-quality healthcare services to the last mile. “India has also launched the world’s largest healthcare insurance scheme, Ayushman Bharat which is a new benchmark in the healthcare space,” he pointed out. 

Dr Karen DeSalvo, Chief Health Officer, Google stated that technology has made it possible for the healthcare system to meet the patients where they are.  

“The benefits should not be limited to a select few who have the ability to access information and services. Equity by design, privacy by design, and security by design are some of the core values on which our systems are built,” she explained. 

Dr DeSalvo informed that almost one- third of the world population come to google asking questions every day.  

“Hundreds of millions of those are related to healthcare. Where we realise that some of the frequently searched information is not available, we work with the partners such as hospitals to create desired content on platforms including YouTube.” She added. 

Dr DeSalvo spoke of the opportunities that digital tools like Artificial intelligence is providing to healthcare companies to scale up their operations today. “Such tools are helping companies working with the ecosystem to spur innovation for companies and caregivers. These digital tools are also helping provide healthcare access to people on the phones,” she said.  

She noted during her interaction that India has taken the lead in digitalisation and telemedicine. “Privacy and Governance frameworks will have to be in place” for the systems to scale, she underlined. 

Dr Rajendra Pratap Gupta, Chair, Global Digital Health Summit, Expo & Innovation Awards stated that this year's Digital Health Solutions Summit in Mumbai is set to be historic.  

“We are shifting our focus from thought leadership to practical implementation, he said that medical science and technology will lead to healthcare space in the future,” he said  

He also informed that this conference would have a Robot as a panellist for the first time in India, which is reflective of the future of medicine, he pointed out.  

About the Event: The Global Digital Healthcare Summit 2023 is a premier event at the forefront of healthcare innovation. This summit convenes global leaders, healthcare professionals, and tech pioneers to explore the latest trends and breakthroughs in digital healthcare. Attendees can expect engaging panel discussions, thought-provoking talks, and technology showcases covering topics like telemedicine, AI-driven healthcare, and remote patient monitoring. With ample networking opportunities and interactive workshops, this summit serves as a hub for collaboration and knowledge exchange. It's a must-attend event for those seeking to stay at the cutting edge of healthcare technology and make meaningful connections in the industry. 

Toyota Kirloskar Motor Recognized And Awarded For Exemplary Electrical Practices By Karnataka State Electrical Inspectorate

Toyota Kirloskar Motor (TKM), was recently honoured with the prestigious "Best Electrical Safety Practice & Compliance" award by the Karnataka State Electrical Inspectorate (KSEI), in recognition for its unwavering commitment to electrical safety and compliance in both, its manufacturing areas and company-wide operations. The award was issued in accordance with the Electrical Inspectorate Rating System set by the Chief Electrical Inspectorate to the Government (CEIG) and presented to TKM during the esteemed Electrical Safety Week Final Day Celebration.

The event was presided over by esteemed dignitaries including Mr. B Padmanabha, Associate Executive Vice President, TKM and Mrs. Aparna Pavate, Deputy Secretary, Energy Department, Karnataka State. Mr. Girish, Deputy Elec. Inspector, CEIG, Karnataka State, was also present to acknowledge and appreciate TKM's exemplary benchmark practices.

The KSEI has a vital mission to ensure that all electrical installations within the state adhere to the highest safety codes and standards. As part of this, the Electrical Inspectorate team recently embarked on promoting assessments to identify industries that exhibit exceptional electrical safety practices and performance, where TKM scored high thus receiving this esteemed recognition.

Mr. B. Padmanabha, Associate Executive Vice President, Toyota Kirloskar Motor said, "We at Toyota Kirloskar Motor would like to thank Karnataka State Electrical Inspectorate (KSEI) for the prestigious 'Best Electrical Safety Practice & Compliance' award. Safety is at the core of Toyota’s holistic approach through end-to-end operations from Manufacturing-to-Customers and society at large. Even our products boast of the highest safety standards. We take our responsibility of providing a safe and healthy workplace environment for all employees very seriously therefore every aspect of our operations is meticulously designed to ensure the benchmark standards. Our dedicated team of experts work tirelessly to create an environment where electrical hazards are proactively identified and effectively mitigated. This award serves as a motivation to further elevate our safety practices and reinforce our unwavering commitment to protecting the well-being of our workforce and stakeholders.”

Mr. T N Appachu, CEIG - Chief Electrical Inspector to Government, (KSEI) said "The Karnataka State Electrical Inspectorate places the utmost importance on the safety and well-being of its citizens and is delighted to recognize TKM for their exemplary electrical practices. We believe ensuring the highest standards of electrical safety in industrial operations is crucial to safeguarding the lives and property, of both employees and the surrounding communities. TKM's relentless pursuit of excellence in electrical safety aligns perfectly with our vision of creating a safe and conducive environment for all industries to thrive. Their dedication to adhering to relevant safety codes and standards sets a commendable precedent, and we hope that other companies will be inspired to follow suit. This award signifies the valuable partnership between the government and industry in ensuring a safe and sustainable business environment.”

TKM remains committed to creating a safe and secure environment for its workforce and stakeholders, ensuring that electrical installations are meticulously maintained as per the relevant safety codes and standards.