Latest news with #MohitJain


Time of India
a day ago
- Business
- Time of India
BGO and Aditya Birla Sun Life AMC extends ₹350 crore debt funding to Namo Realtech
NEW DELHI: BGO and Aditya Birla Sun Life AMC have provided ₹350 crore in debt funding to Namo Realtech to fund its expansion in the real estate sector. Mohit Jain , managing director at Namo Realtech said, "As we continue to scale, this investment will allow us to accelerate our future plans with regard to new projects that are already in the pipeline and at fairly advanced stages of discussion with other potential collaborators." With the Namo Realtech deal, the platform has committed $100 million across 10 deals with 7.8 million sq ft of area under management. The company in collaboration with Max Estates is also planning to launch a residential project in Gurugram . AZB & Partners, Quantum and Trilegal acted as advisors on the transaction. BGO and Aditya Birla Sun Life AMC had collaborated to form a structured credit investment vehicle in June 2022, offering financing solutions f projects. So far they have committed funding to nine projects across five cities. The platform targets to achieve USD 1 Billion of deployed capital under this strategy by 2028.


Time of India
a day ago
- Business
- Time of India
BGO and Aditya Birla Sun Life AMC invest ₹350 crore in Namo Realtech to fuel real estate expansion
Real estate credit platform of BGO, a global real estate investment management advisor and Aditya Birla Sun Life AMC has invested Rs 350 crore in debt to NCR-based Namo Realtech to fund its expansion in the real estate sector. Namo Realtech is currently executing 2 projects in collaboration with Max Estates , spread over 30 acres with approximately 6.4 million square feet under development. The company holds an additional land bank, and is in the process of acquiring further land assets on which it intends to collaborate with established developers. Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking Others MBA Data Analytics Public Policy CXO others Management Artificial Intelligence Degree PGDM Data Science MCA Project Management Cybersecurity healthcare Technology Healthcare Finance Data Science Operations Management Product Management Digital Marketing Leadership Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details 'India's residential market continues to show strong potential, and this transaction reflects our confidence in its sustained growth,' said Bharat Khanna, Head of India at BGO. The platform has committed to 9 projects across 5 cities focusing on post approval projects with established real estate partners. 'India's real estate sector has seen an increasing transformation in recent years with the help of government initiatives like GST and RERA. The funding is a testament to our shared vision of supporting high-value projects and driving long-term value creation,' said A Balasubramanian, Managing Director & CEO, Aditya Birla Sun Life AMC Ltd. With the Namo Realtech deal, the platform has committed USD $100 Million across 10 deals with 7.8 million sqft of area under management. The platform targets to achieve USD 1 Billion of deployed capital under this strategy by 2028. AZB & Partners, Quantum and Trilegal acted as advisors on the transaction. Namo Realtech plans to launch its next project, a premium residential project in Gurgaon in collaboration with Max Estates. 'As we continue to scale, this investment will allow us to accelerate our future plans with regard to new projects that are already in the pipeline and at fairly advanced stages of discussion with other potential collaborators,' said Mohit Jain, Managing Director at Namo Realtech. Mohit Jain, was responsible for establishing Krisumi Corporation in India in a Joint Venture with Sumitomo Corporation of Japan. Aditya Birla Capital Limited and Sun Life (India) AMC Investments Inc. are the promoters and major shareholders of Aditya Birla Sun Life AMC Limited (ABSLAMC), which is primarily the investment manager of Aditya Birla Sun Life Mutual Fund.


News18
2 days ago
- Entertainment
- News18
Furever Yours: Pet Portrait Bags Turn Pets Into Chic And Sentimental Style Statements
Last Updated: A limited-edition collection turns pets into hand-painted, wearable keepsakes that blend fashion with emotion. In an age where fashion is becoming increasingly personal, brands are moving towards blending style with story and sentiment. It's no longer just about what you wear—it's about why you wear it. Leading this shift is Miraggio, the handbag brand known for its trendy, statement-making designs, with a limited-edition initiative that's turning heads and tugging heartstrings. 'Launched as a special drop, Furever Yours taps into the emotional core of pet parenting while keeping fashion and function front and center. With only 300 pieces made, the campaign offers customers a chance to turn their pets into personal style statements—think hand-painted portraits of dogs, cats (or even bunnies) on Miraggio's select handbags. The result? A bespoke accessory that's equal parts chic and sentimental," says Mohit Jain, Founder & CEO, Miraggio. What makes this initiative stand out is its ability to merge personalization with elevated design. These aren't just keepsakes, they're versatile, style-conscious bags built for everyday wear. Whether it's brunch with friends, a casual office day, or a weekend getaway, Furever Yours ensures your pet stays by your side in the most stylish way possible. 'This kind of emotional storytelling through fashion is exactly what today's consumer craves. As trends come and go, personalization remains deeply resonant because it's not about trends, it's about identity. And increasingly, brands like Miraggio are tapping into experiences that go beyond aesthetics and dive into meaning," adds Jain. For pet parents, the idea of Furever Yours strikes a deep chord. 'I think it's such a beautiful way to celebrate the bond we share with our pets," says Shreya Mathur, a pet parent from Delhi. 'There are so many ways to personalize a bag, but making it about your pet? That just hits differently." Another pet lover, Vasvi Verma, adds, 'Even just seeing the concept made me emotional. Our pets are such a big part of our lives having a tangible reminder of them on something you use every day feels like such a comforting idea." 'At its heart, Furever Yours isn't just a campaign—it's a fresh take on what fashion can mean today. In a world where trends move fast and feelings often take a backseat, Miraggio hit pause to create something personal, stylish, and lasting. These bags aren't just about looking good, they're about carrying a piece of what (or who) you love, every single day," believes Jain. Because when an accessory tells your story, it becomes more than just part of your outfit, it becomes part of you. And that kind of fashion? It never goes out of style. view comments First Published: July 27, 2025, 13:06 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.


Time of India
14-07-2025
- Business
- Time of India
Amazon Prime Day boosts sales across categories, but smartphones lag
Academy Empower your mind, elevate your skills Ecommerce marketplace Amazon 's Prime Day flagship sale event, through which it offers discounts and promotions for its Prime members, saw three- to fourfold growth in sales for certain brands across electronics, beauty and personal care (BPC), home and decor, and fitness categories compared to last year's Amazon, Prime Day serves as an important mid-year sales boost ahead of the three-month-long festive shopping season from September to November. It also acts as a pulse indicator for these sales, helping brands and marketplaces estimate potential sales volumes during the festive season, which accounts for nearly half of the annual gross merchandise value (GMV) for online retailers The trends assume particular significance given the overall sluggishness in ecommerce and increasing customer preference for rapid Kolli, founder and chief executive of home and kitchen products brand Solara, said that on the first day, the company saw a five- to sixfold increase over business as usual and that it doubled sales from last year's Prime Day. 'With all the quick commerce, we weren't sure how it would perform, but it surprisingly did very well. Another surprising and good thing is that generally, when Amazon sales happen, our website traffic goes down. But this time, our website traffic is actually up compared to regular days. I think that reflects overall strong consumer demand this time around,' Kolli to a Bain & Company-Flipkart report, India's ecommerce sector is estimated to have grown by 10–12% in 2024, down from over 20% in previous years.A founder of a new-age footwear brand, however, said that discounts were similar to last year's Prime Day, adding that this period is often used by some brands to clear out inventory ahead of the upcoming festive season sales.'We've witnessed a fourfold growth in sales compared to the same period last year. The majority of the demand continues to come from metro cities. Given the performance so far, we're optimistic about the last day as well. We expect to sustain similar growth levels,' said Mohit Jain, founder and chief executive of fashion handbag and accessories brand analysts ET spoke with said that the first day of the three-day event (July 12–14) registered better sales than last year's first day.'Across categories, we're seeing almost a two- to threefold increase in both traffic and order volumes. It's mostly a discount- or deals-driven sale,' said Satish Meena, adviser at ecommerce consultancy Datum Intelligence. However, according to him, the smartphone category has underperformed relative to other segments. 'The smartphone segment has not been that great. It reflects the market itself, which is also down. There was a slight jump in this category, but not as significant as in others,' Meena month, Counterpoint Research revised its global smartphone shipment growth projection for 2025 to 1.9%, lower than its previous forecast of 4.2%, citing a tariffs-driven slowdown in global did not respond to month, Amazon India added five fulfilment centres to its network ahead of Prime Day, in cities like Indore, Bhubaneswar, Kochi, and to Anurag Kedia, cofounder of personal care brand Pilgrim, daily orders have surged by 150%, with strong traction significantly surpassing the brand's 2024 benchmarks. 'We're on track to deliver approximately 2X growth in Prime Day sales compared to last year. Prime Day marks the beginning of the festive sales season for the calendar year, and it has certainly started on a strong note,' he Mumbai-based brand expects a 25–30% spike on the last day, fueled by last-minute shopping and deeper visibility across channels. While metro cities continue to perform well, tier II and tier III cities now account for 50–55% of total orders, he Amazon has said that Prime Day in the US (July 8–11) was its biggest ever, achieving record sales and the highest number of items sold over a four-day period. However, discounts during the event were subdued as some brands and sellers chose not to participate after being impacted by tariffs imposed by former US President Donald Trump.


Time of India
11-07-2025
- Business
- Time of India
NGT orders Mandi Board to submit affidavit on waste management
Ludhiana: The National Green Tribunal (NGT) has directed the deputy general manager (DGM), Punjab Mandi Board to file a personal affidavit detailing daily waste generation, its treatment, and current volume of waste lying in the wholesale vegetable market in Ludhiana. The report is to be submitted in two weeks. The directive was issued during a hearing on July 10, after the DGM failed to provide satisfactory answers regarding the amount of solid waste at the site. The tribunal emphasised the need for transparency and accountability in managing waste generated in the market, which has become a persistent environmental concern. The NGT also instructed the Punjab Pollution Control Board (PPCB) to conduct a spot inspection to verify the quantity of untreated waste and assess the arrangements made by the Mandi Board for its disposal. The next hearing is scheduled for August 21. The case was originally filed in 2023 by Kapil Arora and Mohit Jain, members of the Public Action Committee (PAC), who raised concerns over frequent garbage dumping and burning in the wholesale vegetable market. Although a committee was formed to address the issue, petitioners submitted fresh evidence, including videos showing garbage being set on fire in April. In its reply, the DGM admitted that 10,182.60 cubic meters of legacy waste—equivalent to over 8,000 metric tons—is lying in the market. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Đây có thể là thời điểm tốt nhất để giao dịch vàng trong 5 năm qua IC Markets Tìm hiểu thêm Undo The Board had entered into an agreement with the Municipal Corporation Ludhiana (MCL) to shift the waste to the Tajpur site, a move that violates the Solid Waste Management Rules, 2016. The petitioners alleged that despite complaints, no action was taken by the PPCB or MCL, and the situation worsened after a change in contractor. The NGT has now demanded a detailed response from the DGM and directed all concerned authorities to take immediate remedial steps.