NTPC Ltd. Paid Final Dividend of Rs. 3,151 Crore for FY 2023-24
New Delhi, Sept 12th, 2024: NTPC Ltd. paid the final dividend of Rs. 3,151 crore on 11th September 2024 for the financial year 2023-24, representing 32.50% of the paid-up equity share capital of the company.
This is in addition to the first interim dividend of Rs. 2,182 crore and a second interim dividend of Rs. 2,182 crore paid in November 2023 and February 2024 respectively.
The total dividend paid for FY 2023-24 is Rs.7,515 crore, at the rate of Rs. 7.75 per share of a face value of Rs.10 each.
This is the 31st consecutive year that NTPC Ltd. has paid a dividend
Omaxe Group Announces Launch of The Omaxe State with INR 2500 Crore Investment
New Delhi, September 3, 2024: Omaxe Group, one of India’s leading real estate developers, has announced the launch of their project, ‘The Omaxe State,’ which will be India’s first integrated 5-in-1 destination for sports, retail, hospitality, food, and culture. Spanning over 50.4 acres in Dwarka Sector 19-B, New Delhi, the project is being developed in partnership with the Delhi Development Authority (DDA) under a public-private partnership (PPP) model, with an investment over Rs 2500 crore.
Delhi, the capital of India with a population of more than 3.3 crore, has long awaited a World-Class Cricket Stadium. The 2nd most populated city of the world, Delhi has missed hosting major World Cup and IPL matches since India vs. England World Cup semi-final played in 1987. The Omaxe State will feature a World-Class, Modern ICC and FIFA-standard International Cricket-cum-Football Stadium with a seating capacity of over 30000, as well as an International Multi-Sports Indoor Stadium that can accommodate 2000 spectators.
The project follows in the footsteps of iconic landmarks such as Queen Elizabeth Olympic Park in London, Accor Arena in Paris, Singapore Sports Hub, and Melbourne Olympic Park to revolutionize India’s sporting and leisure landscape. This groundbreaking project will fill the void and aims to bring world-class sporting events back to Delhi, offering an unparalleled experience and giving Delhiites an opportunity to play, shop, eat and entertain the way world does. The above-mentioned integrated projects are among the most successful projects in their respective countries or cities and contributed to their growth. These are preferred destinations for locals and tourists for shopping, dining, sports, and entertainment needs.
Taking India to the global map, a new state is being developed: The Omaxe State, featuring 5 districts – The Sports District, The Shopping District, The Hospitality District, The Food District, and The Social District. The Omaxe State aims to blend commercial, sports, hospitality, social, and dining facilities into a unique experience in the heart of India.
A highlight of this development is the Food District, inspired by London’s Covent Garden and Carnaby Street. It will be India’s largest F&B space, spanning over 5 lakh square feet, featuring more than 40 fine dining restaurants, night and day clubs, sports bars, three drive-throughs, a large food court, rooftop restaurants, food kiosks, food trucks and banquet facilities.
Adding to the allure, the project features India’s first Air-Conditioned High-Street retail area, with shop fronts extending over 4.2 km, making it the largest private commercial development in Delhi. With 75% of the retail space located on the ground floor, it leverages the superior performance of ground-floor retail. The first floor offers additional retail spaces, a food court, and a five-screen multiplex, all designed with shop heights of 18 and 36 feet to provide a grandeur luxury shopping experience.
Beyond retail, The Omaxe State includes Delhi’s most exclusive invite-only sports and leisure club, a 75,000 sq. ft. E-Sports arena, and a hotel with 148 keys. The complex also features a large banquet space with multi-level parking, an event arena for social and cultural events, an Olympic-sized swimming pool and top-tier facilities for tennis, badminton, squash, basketball, and football.
“Omaxe is humbled by the opportunity to partner with DDA on this transformative project,” said Mohit Goel, Managing Director of Omaxe Group. “With ‘The Omaxe State,’ we aim to provide Delhiites with an international-level experience right here in their own city. This development will bridge a significant gap in Delhi’s infrastructure by offering a world-class venue for sports, shopping, and entertainment. We are thrilled to contribute to the city’s growth and elevate its profile with this unique 5-in-1 destination.”
The project will feature modern, technologically advanced amenities, including 11 entrances, car drop-offs, over 2,200 ECS, and additional surface parking with provisions for future expansion. Strategically located in Sector 19B of Dwarka, Delhi, and developed in collaboration with 24 world-renowned consultants, this project aims to set new standards in urban development. Positioned close to major attractions such as Yashobhoomi (Asia’s largest convention center), IGI Airport (ranked among the world’s top 10 airports), Bharat Vandana Park (spanning 200 acres and one of Delhi’s largest parks, akin to Hyde Park and Central Park), and the upcoming diplomatic enclave with 39 embassies, the project is set to capture significant visitor traffic. The nearby Metrolite light rail system will further enhance accessibility. The project is expected to be completed by 2027 and to generate over Rs 4,200 crore in revenue during its lifecycle.
Omaxe Group’s vision is to provide Delhi with a state-of-the-art commercial, sports, and entertainment hub that not only meets international standards but also becomes a prime landmark in the city.
Manmohan Singh joins Angel One as Group Chief Risk Officer to strengthen the Group’s Risk Management
New Delhi, 16th August 2024: Angel One Ltd, a leading player in the fintech sector, is pleased to announce the joining of Manmohan Singh as Group Chief Risk Officer. Angel One considers risk management essential to proactively identify and address potential threats and vulnerabilities that could impact the organization. In this role, Manmohan will be instrumental in shaping and implementing the company’s risk management strategy. His appointment accentuates Angel One’s dedication to enhancing its risk management framework and insulating its operations from emerging risks and challenges.
With over 25 years of experience in risk management, Manmohan will oversee risk management across all operations of the group companies. He will establish resilient protocols to protect the company’s interests and drive strategic growth. Furthermore, he will ensure that risk management strategies are seamlessly integrated into business processes, enhancing overall operational efficiency and safeguarding long-term success.
Mr. Dinesh Thakkar, Chairman & Managing Director, Angel One Ltd., commented, “We are thrilled to welcome Manmohan to our team. His vast expertise and proven track record in risk management will be pivotal as we strengthen our framework and drive strategic growth in today’s dynamic financial landscape. Angel One is dedicated to prioritizing clients and regulatory interest at the helm, and we are confident that Manmohan’s onboarding will bolster our efforts in this direction.”
Mr. Manmohan Singh, Group Chief Risk Officer, Angel One Ltd, said, “I am honored to join India’s leading fintech player and look forward to contributing to the company’s growth and success. My focus will be on fortifying the risk management framework and ensuring that we are well-positioned to navigate the emerging complexities of the financial sector to take Angel One to newer heights.”
Before joining Angel One, Manmohan served as Head of Enterprise Risk Management (ERM), Operational Risk Management (ORM) and Credit and Market Risk at Aditya Birla Capital Group where he was responsible for leading the ‘Centre of Excellence’ for overseeing such risks across all businesses, including lending, insurance, broking and mutual funds. He has been pivotal in enhancing risk management practices and driving strategic initiatives for the Group.
Manmohan also held the position of Chief Risk Officer at Fincare Small Finance Bank Ltd and Head – Enterprise Risk at IDFC FIRST Bank Ltd. He also led the Credit Administration Department for Wholesale Banking at Yes Bank Ltd.
Manmohan is a Chartered Accountant (CA), Financial Risk Manager (FRM) and holds a Diploma in Information System Audit (DISA).
Relaxo Footwears Announces The Great Freedom offer
New Delhi, August 9th, 2024: To commemorate India’s Independence Day, Relaxo Footwears Ltd., India’s leading footwear company today announced “The Great Freedom Sale”. Starting from August 14th till August 19th, 2024, the sale unveils impressive discounts on a wide range of footwear delivering stylish options at affordable prices for customers nationwide.
Experience unbeatable savings at Relaxo’s “The Great Freedom Sale,” showcasing a diverse selection of footwear across various categories. Customers can explore sporty shoes, fashionable sandals, trendy flip flops, and comfortable clogs from brands such as Relaxo, Flite, Sparx, Bahamas, Mary Jane, Boston, and KidsFun. Whether shopping online or in-store, this sale provides a perfect opportunity for customers to upgrade their footwear collection with massive discounts.