MoneyWorks4Me

Mukta Arts, East West Freight Carriers and Gujarat Apollo Industries to see some action today

01 Feb 2025 Evaluate

Mukta Arts’ subsidiary -- Mukta A2 Cinemas has opened New 2-Screen cinema in Kalyan. This new 2-screen cinema marks a significant milestone in the brand’s vision to grow its screen count across India in 2025-2026, making moviegoing more accessible to audiences nationwide. Located in a prime area of Kalyan, the new cinema combines cutting-edge technology with an elevated guest experience. The venue offers luxurious seating with sofas and recliners, ensuring comfort that’s second to none. Moviegoers will enjoy crystal-clear images thanks to the 2K Laser projectors, while Dolby surround sound and 3D capabilities enhance the immersive viewing experience.

East West Freight Carriers (EWFCL) has entered into service contract with A.Raymonds - a global leader in fastening solutions for the automotive, industrial, photovoltaic energy and health markets. This Logistic Support service contract with A.Raymonds is expected to generate revenue of approximately Rs 5 crore.

Gujarat Apollo Industries’ material subsidiary -- AEML Investments (AEML) has completed the procedure of purchasing 100% equity shares of a face value of Rs 10 from the Shareholders of Fieldtrack Earthmovers (FEPL). Subsequently, FEPL has become wholly owned subsidiary of AEML. 

Vantage Knowledge Academy has associated with Marwadi University, one of the top universities in Gujarat, to offer university programs to students in Mumbai. Together, they designed offer MBA Finance with CPA (Certified Public Accountant) and MBA Finance with CMT (Chartered Market technician) courses. This collaboration will witness the introduction of specialized finance and accounts aimed at nurturing the next generation of global finance leaders. 

Vardhman Special Steels has made a further investment of Rs 3.80 crore in Sone Solar, towards balance payment of first trench, comprising of 38,00,016 0.5% Compulsory Convertible Debentures of face value of Rs 10 each. The shareholding of the company in equity share capital of Sone Solar will remain the same at 26%. 

Standard Capital Markets has raised Rs 25 crore through the allotment of 2500 unrated, unlisted, secured Non-Convertible Debentures (NCDs), of face value of Rs 1,00,000 each at an issue price of Rs 1,00,000 each on Private Placement basis. The Board of Directors of the Company in its meeting held on January 31, 2025, has inter alia, approved allotment of the same.  

IndusInd bank has reported 39.02% fall in net profit at Rs 1401.28 crore for Q3FY25 as compared to Rs 2297.85 crore for the same quarter in the previous year. However, total income of the bank increased by 8.47% at Rs 15151.01 crore for Q3FY25 as compared to Rs 13968.10 crore for the corresponding quarter previous year. On consolidated basis, the bank has reported 39.07% fall in its net profit at Rs 1402.33 crore for the quarter ended December 31, 2024 as compared to Rs 2301.49 crore for the same quarter in the previous year. However, total income of the bank increased by 8.50% at Rs 15155.80 crore for Q3FY25 as compared to Rs 13968.17 crore for the corresponding quarter previous year.

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