Indian Red Cross Society Felicitates REC Foundation with ‘CSR Award of Appreciation’

 Honour presented by Shri Gulab Chand Kataria, Hon’ble Governor of Punjab

Recognizing its exceptional contribution to healthcare accessibility and community welfare, the Indian Red Cross Society has conferred the ‘CSR Award of Appreciation’ upon REC Foundation, the CSR arm of REC Limited.

The honour was presented by Shri Gulab Chand Kataria, Hon’ble Governor of Punjab, to Shri Pradeep Fellows, Executive Director (CSR), REC Limited.

REC Foundation’s continuous efforts to deliver quality healthcare through Mobile Medical Units (MMUs) underscore its unwavering commitment to improving the lives of people in the nation’s most remote and underserved regions.

Through its CSR initiatives, REC continues to promote inclusive growth and equitable access to essential services, reaffirming its dedication to nation-building and community empowerment.

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प्रेस विज्ञप्ति

हेडलाइन: भारतीय रेड क्रॉस सोसाइटी ने आरईसी फाउंडेशन को 'सीएसआर प्रशंसा पुरस्कार' से किया सम्मानित

उप-शीर्षक: पंजाब के माननीय राज्यपाल श्री गुलाब चंद कटारिया द्वारा प्रदान किया गया सम्मान

स्वास्थ्य सेवा की सुलभता और सामुदायिक कल्याण में इसके असाधारण योगदान को मान्यता देते हुए, भारतीय रेड क्रॉस सोसाइटी ने आरईसी लिमिटेड की सीएसआर शाखा, आरईसी फाउंडेशन को ‘सीएसआर प्रशंसा पुरस्कार’ से सम्मानित किया है।     

यह सम्मान पंजाब के माननीय राज्यपाल श्री गुलाब चंद कटारिया द्वारा आरईसी लिमिटेड के कार्यकारी निदेशक (सीएसआर) श्री प्रदीप फेलोज़ को प्रदान किया गया।

मोबाइल मेडिकल यूनिट्स (एमएमयू) के माध्यम से गुणवत्तापूर्ण स्वास्थ्य सेवा प्रदान करने के लिए आरईसी फाउंडेशन के निरंतर प्रयास देश के सबसे दूरस्थ और वंचित क्षेत्रों में लोगों के जीवन को बेहतर बनाने के लिए इसकी अटूट प्रतिबद्धता को रेखांकित करते हैं।

अपनी सीएसआर पहलों के माध्यम से, आरईसी समावेशी विकास और आवश्यक सेवाओं तक समान पहुंच को बढ़ावा देना जारी रखे हुए है, तथा राष्ट्र निर्माण और सामुदायिक सशक्तिकरण के प्रति अपनी प्रतिबद्धता की पुष्टि करता है।

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About REC LIMITED

 

REC is a 'Maharatna' company under the administrative control of the Ministry of Power, Government of India, and is registered with RBI as Non-Banking Finance Company (NBFC), Public Financial Institution (PFI) and Infrastructure Financing Company (IFC). REC is financing the entire Power-Infrastructure sector comprising Generation, Transmission, Distribution, Renewable Energy and new technologies like Electric Vehicles, Battery Storage, Pump Storage projects, Green Hydrogen, Green Ammonia projects etc. More recently REC Limited has also diversified into the Non-Power Infrastructure sector comprising Roads & Expressways, Metro Rail, Airports, IT Communication, Social and Commercial Infrastructure (Educational Institution, Hospitals), Ports and Electro-Mechanical (E&M) works in respect of various other sectors like Steel, Refinery, etc.

REC Limited provides loans of various maturities to State, Central and Private Companies for creation of infrastructure assets in the country. REC Limited continues to play a key strategic role in the flagship schemes of the Government for the power sector and has been nodal agency for Pradhan Mantri Sahaj Bijli Har Ghar Yojana (SAUBHAGAYA), Deen Dayal Upadhaya Gram Jyoti Yojana (DDUGJY), National Electricity Fund (NEF) Scheme which resulted in strengthening of last mile distribution system, 100% village electrification and household electrification in the country. REC has been designated as the nodal agency for certain States and Union Territories under the Revamped Distribution Sector Scheme (RDSS). Additionally, the Central Government has entrusted REC with the responsibility of implementing the PM Surya Ghar Muft Bijli Yojana.

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आरईसी लिमिटेड के बारे में

आरईसी भारत सरकार के विद्युत मंत्रालय के प्रशासनिक नियंत्रण के तहत एक 'महारत्न' कंपनी है, और आरबीआई के साथ गैर-बैंकिंग वित्त कंपनी (एनबीएफसी), सार्वजनिक वित्तीय संस्थान (पीएफआई) और इंफ्रास्ट्रक्चर फाइनेंसिंग कंपनी (आईएफसी) के रूप में पंजीकृत है। आरईसी पूरे विद्युत-अवसंरचना क्षेत्र को वित्तपोषित कर रहा है जिसमें उत्पादन, पारेषण, वितरण, नवीकरणीय ऊर्जा और नई प्रौद्योगिकियां जैसे इलेक्ट्रिक वाहन, बैटरी भंडारण, पंप भंडारण परियोजनाएं, ग्रीन हाइड्रोजन, ग्रीन अमोनिया परियोजनाएं आदि शामिल हैं। हाल ही में आरईसी लिमिटेड ने गैर-विद्युत अवसंरचना क्षेत्र में भी विविधता लाई है जिसमें सड़क और एक्सप्रेसवे, मेट्रो रेल, हवाई अड्डे, आईटी संचार, सामाजिक और वाणिज्यिक अवसंरचना (शैक्षणिक संस्थान, अस्पताल), बंदरगाह और इस्पात, रिफाइनरी आदि जैसे विभिन्न अन्य क्षेत्रों के संबंध में इलेक्ट्रो-मैकेनिकल (ईएंडएम) कार्य शामिल हैं।

 

आरईसी लिमिटेड देश में अवसंरचना परिसंपत्तियों के निर्माण के लिए राज्य, केंद्र और निजी कंपनियों को विभिन्न परिपक्वताओं के ऋण प्रदान करता है। आरईसी लिमिटेड बिजली क्षेत्र के लिए सरकार की प्रमुख योजनाओं में एक महत्वपूर्ण रणनीतिक भूमिका निभा रहा है और प्रधानमंत्री सहज बिजली हर घर योजना (सौभाग्य), दीन दयाल उपाध्याय ग्राम ज्योति योजना (डीडीयूजीजेवाई), राष्ट्रीय विद्युत निधि (एनईएफ) योजना के लिए नोडल एजेंसी रही है, जिसके परिणामस्वरूप देश में अंतिम मील वितरण प्रणाली, 100% गांव विद्युतीकरण और घरेलू विद्युतीकरण को मजबूत किया गया है। आरईसी को पुनर्गठित वितरण क्षेत्र योजना (आरडीएसएस) के अंतर्गत कुछ राज्यों और केंद्र शासित प्रदेशों के लिए नोडल एजेंसी के रूप में नामित किया गया है। इसके अतिरिक्त, केंद्र सरकार ने आरईसी को प्रधानमंत्री सूर्य घर मुफ्त बिजली योजना के कार्यान्वयन की ज़िम्मेदारी भी सौंपी है।

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LIC of India introduces new LIC’s JAN SURAKSHA (Plan 880) & LIC’s BIMA LAKSHMI (Plan 881)

Shri R. Doraiswamy, CEO & MD, Life Insurance Corporation of India launched two new plans, LIC’s JAN SURAKSHA (UIN: 512N388V01) & LIC’s BIMA LAKSHMI (UIN: 512N389V01). These are the first two products to be introduced by LIC in the new Next Gen GST Regime.

 

In the current environment when interest rates are very volatile, these two Plans provide Guaranteed Additions throughout the policy term. Auto cover facility is available after payment of three full years’ premiums paid under both the plans.

 

LIC’s JAN SURAKSHA – Plan (880)

LIC’s JAN SURAKSHA is a Life Micro Insurance Plan. This plan aims to cater to the lower income group people. It has Auto Cover facility and Guaranteed Additions. These Guaranteed Additions accrue at the rate of 4% of annualised premium at the end of each policy year throughout the policy term. This plan provides financial support for the family in case of unfortunate death of the policyholder during the policy term and a lump sum amount at the time of maturity for the surviving policyholder. This plan is only available for standard healthy lives without undergoing any Medical examination.

• Minimum & Maximum Age at Entry are 18 years (completed) and 55 years.
• The Minimum Basic Sum Assured is Rs. 1,00,000/- whereas the maximum Basic Sum Assured per life is Rs. 2,00,000/- (Basic Sum Assured multiples shall be Rs. 5,000/-).
• Policy Term is 12 to 20 Years and the Premium Paying Term will be calculated as Policy Term minus 5 years.

 

This Plan is a Non-Par, Non-linked Individual Savings Insurance Plan.

 

LIC’s BIMA LAKSHMI - Plan (881)

LIC’s BIMA LAKSHMI is an insurance plan designed exclusively for females providing life cover, periodical fixed money back after every 2 years or 4 years or after premium payment ceases, as per life assured’s choice, covers limited illness and attractive guaranteed maturity benefits. Guaranteed Additions accrue at the rate of 7% of Total Tabular Annual Premium every year for In-force policies and for paid-up policies, Guaranteed Additions will accrue with proportionate rate as applicable.

• Minimum Age at Entry is 18 years (Last Birthday). Maximum Age at Entry is 50 years (nearer birthday)
• Policy Term is 25 years. Premium Paying Term is 7 years to 15 years
• Minimum Basic Sum Assured Rs. 2,00,000/-. There is no Limit for Maximum Basic Sum Assured per life (Subject to Underwriting Policy). (Basic Sum Assured Multiples allowed in Rs.10,000 )

 

Auto cover facility is available after payment of three full years’ premiums paid. In addition to other Riders, Female Critical Illness Rider is also available upon payment of additional premium. This plan is a Non-Par, Non-linked Insurance Plan.

 

For details, please refer to the Sales Brochure on our website www.licindia.in.

 

Dated at Mumbai on October 15th, 2025

 

For Further Information please contact: Executive Director (CC) LIC of India, Central Office, Mumbai. Email id: ed_cc@licindia.com Visit us at www.licindia.in

Global Wellness Summit Unveils Packed 3-Day Agenda for 2025 Conference in Dubai, November 18–21

 

This year’s conference represents a first: it brings together an extraordinarily diverse array of experts for a high-level, “get real” exploration of how longevity and healthspan will transform medicine and biotech, traditional wellness, technology, travel and hospitality, real estate, beauty, and more––and how breaking down the siloes in longevity is the future

 

Miami, FL – October 15, 2025 –The Global Wellness Summit^TM (GWS), the most influential conference for the multitrillion-dollar wellness industry, has released the full agenda for its 19th annual conference taking place November 18-21 at the Mandarin Oriental in Downtown Dubai.

With so much noise––and siloes between sectors and approaches––in the longevity space, this year’s Summit will do something unique and much-needed: gather high-profile thinkers from across the medicine, biotech, tech, experimental biohacking, traditional wellness, sports and fitness, travel and hospitality, and real estate sectors to have an open, evidence-grounded, silo-smashing, think-tank-like forum on the most promising science and innovations in longevity––to forge a more powerfully integrated medical-wellness future. Over 60 expert speakers will include pioneers who’ve been in the longevity research trenches for decades, as well as leaders and scientists from emerging startups.

More than 500 doctors, scientists, C-suite wellness executives, investors and policymakers, from over 50 nations, will be immersed in three days of keynotes, panels and new research presentations that have been curated not to simply ride the longevity wave, but to positively redirect it.

VIEW the 3-day agenda.

“Creating the agenda for a conference exploring ‘Longevity Through a Wellness Lens’ has been an inspiring adventure,” said Nancy Davis, chief creative officer and executive director for the GWS. “With longevity, walls have formed between biotech and medicine, traditional and emerging wellness approaches, and experimental tech and biohacking. We believe the future––where the real promise and innovation will be––is far greater integration and collaboration, with evidence as the guide. We’ve designed the Summit to be the launchpad to that future and expect this deep dive into the latest thinking on longevity will spark new models and business partnerships.”

Hot Topics, New Speakers

Longevity Innovation in Medicine & Biotech:

• Deepak Srivastava, MD, president of Gladstone Institutes in San Francisco, will explain how medicine is entering a dramatic new age of cures—where breakthroughs in gene editing and biomedical science are poised to eliminate once-incurable diseases like cancer, Alzheimer’s, and heart disease.
• Isaac Bentwich, MD, founder and CEO of CoreX and Quris-AI, will keynote on how AI and precision medicine will transform longevity.
• Leroy Hood, MD, co-founder of the Institute for Systems Biology, will tackle scientific wellness in the age of longevity.
• Mike Roizen, MD, Cleveland Clinic’s first chief wellness officer and creator of the RealAge longevity concept, will share his vision of how medicine and wellness will intersect in the future of longevity.
• Kenneth R. Pelletier, MD, professor at University of California, San Francisco School of Medicine, will explore the most promising epigenetic interventions for extending healthspan.

 

Longevi-Tech:

• Kristen Holmes, global head of human performance at wearable powerhouse, WHOOP, will be in conversation with Jeremy Jauncey on a future of medical-grade wearables that can boost longevity.
• Phil Newman, founder and CEO of Longevity.Technology, will take a deep dive into how emerging tech will fuel longevity.
• Dave Asprey, the “father of biohacking,” will bring his entrepreneurial lens to how individuals can extend lifespan and healthspan today.

Traditional Wellness, Always Evolving, Will Remain the Pillar of Longevity:

• Jiri Dvorak, professor emeritus of neurology at University of Zurich, and former chief medical officer for FIFA, will explore the importance of physical performance for longevity.
• Susanna Søberg, founder of the Søberg Institute, will explore longevity by contrast therapy.
• Charlie Engle, global ultra-endurance athlete, will tackle “The Next Chapter in Resilience.”
• Anna Bjurstam, Six Senses, will explain why spirituality is a pillar of longevity.
• Joe DeSena, founder and CEO of Spartan, will discuss the role of sports, competition and the drive to achieve.
• Manvendra Singh Shekhawat, managing director at Suryagarh Collection, and founder of Dhun and the I Love Foundation, will discuss why the focus needs to shift to planetary longevity.
• Anjan Chatterjee, professor of neurology, psychology and architecture at the University of Pennsylvania, will argue that healthspan is simply not enough, and pose the question: why do we want to live longer?

Longevity Shaking Up Travel, Hospitality & Real Estate:

• Dr. Elke Benedetto-Reisch (Lanserhof), George Gaitanos (Chenot), and Simone Gibertoni (Clinique La Prairie) will explore “Longevity & Integrative Health: The European Approach,” moderated by Anita Mendiratta.
• Entrepreneur and hospitality icon Sam Nazarian and Shawn Buchheit, president and COO of Fountain Life, will present their bold vision for the convergence of wellness, longevity, and hospitality at The Estate.
• Ömer Isvan, president of Servotel, will examine the intersection of wellness, longevity, and hospitality investment and ask provocative questions about whether hospitality should be going into longevity.
• Jonathan Emery, CEO of Aldar Development, with Joanna Frank, CEO of Fitwel, will keynote on the boom in wellness real estate in the Middle East, the GCC and the world.

 

The UAE and Middle East’s Longevity & Wellness Innovation:

 

• Nicole Sirotin, MD, CEO of the Institute for Healthier Living, Abu Dhabi, will detail the UAE’s eye-opening longevity ambitions.
• Jeremy Jauncey, founder and CEO of Beautiful Destinations, will speak about the Middle East’s rapidly expanding tourism and wellness economy, and will also lead a session with Philippe Zuber, CEO of Kerzner International.
• Debbie Flynn, managing partner at FINN Partners, and Phillip J. Jones, chief tourism officer at the Royal Commission for AlUla, Saudi Arabia, will keynote on how nature, heritage and healing are the future of Middle Eastern wellness tourism.

 

Although longevity will be the main topic, with other presentations examining its impact on areas like beauty, senior living and more, additional speakers will also present broader trends shaping the future of wellness. Robert Hanea, founder, chairman and CEO of Therme Group, will join Nancy Davis to discuss “Democratizing Wellness on an Unimaginable Scale,” and Meng-Mei Chen, PhD, assistant professor of marketing at École hôtelière de Lausanne, will address the “perfect storm” facing hospitality—societal shifts, talent shortages, and new technologies—and how creating meaningful connections is key to resilience. A complete list of speakers is here.

 

New Wellness Market Research Unveiled: The Global Wellness Institute will release the Global Wellness Economy Monitor 2025, with all new data and insights on the world wellness market (and its 11 sectors), including projections through 2029. The 100-plus-page report, packed with regional and national data, will reveal which wellness sectors are growing fastest and why.

This year’s Innovation Lab will showcase diverse companies working on breakthrough products and services in wellness—whether seed-stage startups or established companies.

Networking Experiences: The Summit offers unparalleled networking opportunities, including 90 hosted “table topic” luncheons with industry leaders discussing everything from how GLP-1s are transforming wellness to the latest frontiers in brain health. There will also be expert-led, intimate after-dinner conversations on topics like the impact of microplastics on the wellness industry, or neuro-aesthetics in hospitality. Delegates will experience a welcome reception, a “dine-around Dubai” evening at exquisite local restaurants, and the famed closing gala, that will meet the moment as a celebration of peace––and collective hope for its longevity––in the region.

About the Global Wellness Summit: The Global Wellness Summit brings together leaders and visionaries to positively shape the future of the $6.3 trillion global wellness economy. In addition to an annual conference, held at a different location around the globe, GWS also hosts annual in-person events such as the Wellness Real Estate & Communities Symposium and the Beauty & the Brain Symposium, along with virtual gatherings, including Wellness Master Classes and Wellness Sector Spotlights. The organization’s Future of Wellness report forecasts the top wellness trends for the year ahead and is oft-quoted in the media. The 19th annual Global Wellness Summit will be held in Dubai, November 18-21, 2025.

Fujifilm launches New Filmmaking Camera “FUJIFILM GFX ETERNA 55” in India

     

                                                                                  Mumbai: FUJIFILM India a leader in imaging technology unveils “FUJIFILM GFX ETERNA 55” (GFX ETERNA 55) in India. The filmmaking camera has been launched at the Broadcast India Show 2025, taking place at the Jio World Convention Centre, Mumbai. The “GFX ETERNA 55” features a large format sensor※１ with its diagonal length at approximately 55mm, “GFX 102MP CMOS II HS”, which is approximately 1.7 times larger than a “Full-frame" 35mm sensor, and the high-speed image processing engine “X-Processor 5”, enabling filmmakers to capture rich, true to life visuals and have enhanced flexibility in post-production. The “GFX ETERNA 55” delivers rich tonal expression with high image quality and enables more diverse visual expression through our color reproduction technology cultivated over more than 90 years since the company’s founding.

The “GFX ETERNA 55” features a large-format sensor measuring 43.8mm wide by 32.9mm high, making it the world’s tallest large-format sensor※2 designed for filmmaking cameras. This sensor provides an image circle※3 that surpasses full-frame and Super 35mm formats on production sites. As a result, filmmakers can take full advantage of the diagonal approximately 55mm large format sensor with the 4:3 Open Gate “GF format”, as well as choose from five cinema formats: “Premista”, “35mm”, “ANAMORPHIC(35mm)”, and “Super35”. By attaching an included mount adapter such as the “PL Mount Adapter G,” the range of compatible lenses expands, supporting filmmakers in realizing their creative vision and exploring diverse visual expressions.

Mr. Koji Wada, Managing Director, FUJIFILM India, said, “At FUJIFILM India, we are committed to delivering innovative products and solutions that embody our Group purpose of ‘Giving Our World More Smiles.’ By blending diverse ideas, unique capabilities, and extraordinary people, we aim to create solutions that bring joy and smiles to the world. The launch of the GFX ETERNA 55 at the Broadcast India Show underscores our vision of bringing advanced solutions that seamlessly merge technology with artistry, delivering cinematic excellence, enabling filmmakers to capture visuals with unmatched depth, detail, and creative freedom.”

Mr. Arun Babu, Associate Director and Head of Digital Camera, instax™️ and Optical Devices Division, FUJIFILM India, further added, “The GFX ETERNA 55 marks a significant step forward in our journey of redefining visual storytelling. The camera opens new horizons for creators across cinema, OTT, advertising, and music videos, through combining a large-format sensor with the brand’s renowned film simulation modes and advanced post-production flexibility, India’s creative ecosystem is evolving rapidly, and with innovations like these, we are equipping professionals with tools that deliver uncompromising image quality alongside enhancing the entire production-to-post workflow.”

Additionally, the camera features FUJIFILM’s unique “Film Simulation,” highly praised in the X and GFX Series camera, which allows users to easily achieve a variety of color tones—much like changing photographic films. Filmmakers can choose preferrable film simulation modes among the 20 available film simulation modes for their creatives. The ETERNA series, a cinema color negative film designed to digitally reproduce the beloved cinematic look favored by legendary cinematographers active on Hollywood’s frontlines. The camera can also load up to 16 different LUTs (Look Up Tables), which define color information for footage. This enables consistent color management from shooting through post-production, providing an efficient workflow for filmmakers.

LG ELECTRONICS INDIA LISTS ON NSE

 

Company Shares Future Vision to Become a National Corporation of India

Mumbai, Oct. 14, 2025 — LG Electronics (LG) today announced the listing of its subsidiary, LG Electronics India Limited (LGEIL), on the National Stock Exchange of India (NSE). The milestone marks an important step in the LGEIL’s ambition to become a national corporation of India while reinforcing its role as a long-term partner in the country’s economic growth.

 

On October 14, LG held a listing and future vision announcement ceremony at NSE in Mumbai, attended by LG Electronics CEO William Cho, CFO Chang-tae Kim, managing director of LGEIL Hong-ju Jeon, board chairman Dae-hyun Song, as well as NSE CEO Ashish Chauhan, investors and analysts. At the market’s opening bell, LG CEO Cho and NSE CEO Chauhan jointly rang the ceremonial gong to celebrate the start of trading for LGEIL.

In the IPO, LG offered 15 percent of LGEIL’s issued shares (101,815,859 shares) through an offer for sale. The IPO price was set at the top of the indicative range at INR 1,140 per share, with subscriptions reaching 54 times the total offering. The listing generated approximately USD 1.31 billion  (INR 116.05 billion).

With the listing, LGEIL becomes more deeply rooted in India. LG anticipates that this development will support its growth in a market where rising incomes and expanding middle-class households are creating strong momentum in appliance adoption. According to Boston Consulting Group, the proportion of Indian households in the middle-income bracket (annual income USD 6,000–36,000) is forecast to rise from 29 percent in 2020 to 46 percent by 2030.

“India is now at the center of our Global South strategy,” said William Cho, CEO of LG Electronics. “We look forward to advancing the growth of both LG and LGEIL.”

Future Vision: Make for India, Make in India, Make India Global

Alongside its market debut, LG presented a long-term vision to build on its leadership in India and strengthen its position. With India’s population and its status as one of the world’s largest potential markets, LG plans to expand strategies tailored to local customers and market needs. Through this, LG aims to maintain its current position as number one player in major home appliances and consumer electronics  in India as per the market share in the offline channel.

The first vision, “Make for India”, emphasizes creating products tailored to Indian lifestyles and needs. Building on decades of local insight, the range combines affordability, India-specific features, and design elements reflecting cultural preferences. Building on this experience, LG will continue expanding its India-focused portfolio.

The company’s second vision “Make in India” highlights LG’s alignment with India’s manufacturing-driven growth strategy. LG has established a self-sufficient local value chain spanning R&D, production, sales and service. In addition to its existing plants in Noida and Pune, the company is investing INR 50.01 billion in a new factory in Sri City, expected to create 1,900 direct and indirect jobs.

Lastly, “Make India Global” builds on this foundation to position India as a key driving force within LG’s Global South strategy, which focuses on unlocking growth opportunities across emerging markets amid rapidly evolving geo-economic dynamics. Through this initiative, LG aims to help advance India’s transition from a fast-growing market to a recognized hub of innovation, manufacturing and talent.

By empowering local industries, strengthening value chains and fostering technological capabilities, LG seeks to enable India to showcase its excellence on the world stage – from advanced manufacturing and R&D to technology exports and sustainable development. Ultimately, the company aspires to grow alongside India, supporting its rise as a global economic leader while reinforcing its own standing as a trusted national company that represents India’s potential to the world.

Building a Better Future Together 

Beyond products, LGEIL continues to strengthen its connection with customers by enhancing after-sales services and expanding its Annual Maintenance Contract subscription programs – ensuring lasting relationships that extend well beyond the point of purchase. The company is also accelerating growth in future-ready B2B domains, providing advanced technologies for commercial spaces, HVAC systems and information displays.

Guided by a shared vision for growth, LG stands ready to create lasting value in India – strengthening its role as a partner in the country’s progress and a contributor to its global success.

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About LG Electronics, Inc.  

LG Electronics is a global innovator in technology and consumer electronics with a presence in almost every country and an international workforce of more than 75,000. LG’s four Companies – Home Appliance Solution, Media Entertainment Solution, Vehicle Solution and Eco Solution – combined for global revenue of over KRW 88 trillion in 2024. LG is a leading manufacturer of consumer and commercial products ranging from TVs, home appliances, air solutions, monitors, automotive components and solutions, and its premium LG SIGNATURE and intelligent LG ThinQ brands are familiar names world over. Visit www.LGnewsroom.com for the latest news.

About LG Electronics India Ltd               

LG Electronics India Limited (LGEIL) was established in January 1997 in India. It is focused on various consumer electronics and B2B businesses, from home appliances and media entertainment to HVAC and commercial displays. LGEIL's manufacturing units at Greater Noida and Ranjangaon, Pune has the capacity to manufacture LED TVs, air conditioners, commercial air conditioning systems, washing machines, refrigerators, and monitors.

 

Quartz processor Midwest Ltd raises Rs 135 crore from anchor investors

Quartz processor Midwest Limited, India’s largest producer of Black Galaxy and Absolute Black granite has garnered Rs 135 crore from anchor investors ahead of its initial public offering that opens for public subscription on October 15. The company informed the bourses that it allocated equity shares at Rs 1,065 per share to anchor investors.

                                                                                                                  

Some of the marquee institutions that participated in the anchor include Goldman Sachs Funds – Goldman Sachs India Equity Portfolio and Edelweiss Life Insurance Company.

 Amongst other equity oriented schemes, the company has allocated shares to Axis Mutual Fund Trustee – Axis Mutual Fund Small Cap Fund,  Sun Life Aditya Birla India Fund, Kotak Mahindra Trustee – Kotak Consumption Fund, Edelweiss Trusteeship – Edelweiss Recently Listed IPO Fund, ITI Muti Cap Fund, Svadha India Emerging Opportunities Scheme 1.

 Out of the total allocation of 12, 67, 605 equity shares to the anchor investors,  6,10,330 were allocated to  domestic mutual funds through  schemes.

 

IPO Details

The IPO is a fresh issue for Rs 250 crore and an offer-for-sale for Rs 201 crore.

The Initial Public Offering (“IPO” or “Issue”) of the Company will open on Wednesday, October 15, 2025, for subscription and close on Friday, October 17, 2025.

The IPO will fetch Rs 451 crore at the upper end of the price band.

MIDWEST LTD is in the business of exploration, mining, processing, marketing, distribution and export of natural stones, with an emphasis on sustainability. They are one of India’s largest producers and exporters of Black Galaxy Granite. They have diversified into Quartz processing, with operational phase 1 at 303,000 mtpa, catering to heavy mineral sand extraction (yielding titanium feedstock materials such as rutile and ilmenite) and the processing of rare earth elements.

80 lakh crore investment and 1.5 crore maritime jobs in sight by 2047, says Minister Sonowal ahead of mega maritime event

Mumbai, Maharashtra | 14th October, 2025 – The Ministry of Ports, Shipping and Waterways (MoPSW), Government of India, in collaboration with the Indian Ports Association (IPA), held a press conference today at the NESCO Exhibition Centre, Mumbai, ahead of the India Maritime Week (IMW) 2025 scheduled from 27 to 31 October in Mumbai.

The press conference was addressed by Shri Sarbananda Sonowal, Union Minister for Ports, Shipping and Waterways, who outlined the government’s vision for the maritime sector and detailed the strategic objectives of IMW 2025. He emphasized India’s commitment to strengthening global maritime partnerships, attracting investments, and promoting innovation across the sector.

Speaking at the event, Shri Sonowal said, “India’s maritime journey is entering a new chapter under the vision of Prime Minister Narendra Modi. Under the dynamic leadership of PM Shri Narendra Modi ji, we are working to transform our ports, shipping, and logistics ecosystem into one that is resilient, sustainable, and future-ready."

"The maritime sector of India is also aligned with the vision of Viksit Bharat@2047, and by 2047, we aim to witness large-scale investments, world-class infrastructure, and enhanced global competitiveness across our blue economy. This opens vast avenues for international collaboration, including a 1 trillion US dollars maritime investment roadmap," Shri Sonowal further said.

"IMW 2025 will be a platform where ideas can translate into projects and commitments into partnerships. India stands ready to collaborate and lead towards a maritime future that is prosperous, sustainable, and inclusive.” he added.

The Minister further highlighted that India is targeting global leadership in the maritime sector by 2047, with planned investments worth ₹80 lakh crore, creation of 1.5 crore jobs, and a strong push for green shipping as part of the Maritime Amrit Kaal Vision. He emphasized that India’s maritime growth is anchored on prosperity, sustainability, and pride in heritage, aligned with Prime Minister Narendra Modi’s vision of Viksit Bharat 2047.

This vision is already translating into results. Cargo movement on inland waterways has grown eightfold since 2014, turnaround time at major ports has reduced by 60%, and more than ₹5.5 lakh crore worth of Sagarmala projects are reshaping coastal logistics. India now supplies 12% of the world’s seafarers, reflecting both its scale and maritime skill leadership. 

With all 12 major ports set to achieve full carbon neutrality by 2047 and green energy transition targets for 2035 already underway, the focus is shifting toward a sustainable and technology-driven maritime future.

Senior officials from MoPSW, the Indian Ports Association, and other key stakeholders were present at the press conference. 

Shri Sonowal noted that India Maritime Week 2025 would witness participation of over 1 lakh delegates and 500 exhibitors from more than 100 countries, including ministerial delegations from Singapore, the UAE, South Korea, Japan, and Denmark. Key international organisations such as the International Maritime Organization (IMO) and UNESCAP, leading Indian states like Maharashtra, Gujarat, Kerala, and Tamil Nadu, and major industry players including Adani Ports and Logistics, Cochin Shipyard, and Paradip Port Authority are also expected to participate.

India Maritime Week 2025, the flagship event of the Ministry of Ports, Shipping and Waterways, serves as a dynamic platform to showcase the latest advancements in maritime technology, port development, logistics, and sustainability. The summit aims to foster collaboration, drive innovation, and strengthen international partnerships to shape the future of India’s maritime sector and its role in global trade and blue economy growth.

The event is expected to reinforce India’s position as a key player in the global maritime ecosystem while supporting national priorities under the Maritime India Vision 2030 and the Amrit Kaal Maritime Vision 2047.