The Kashmir Files Garners Over 2 Million Views on ZEE5 Global, Vivek Agnihotri Celebrates – Pen 18

Watch The Kashmir Files on ZEE5: Bringing another powerhouse film to the global audience by Vivek Agnihotri, The Kashmir Files It made its digital premiere on May 13 on ZEE5 Global, the world’s largest platform for South Asian content in select markets. The film stars National Award winning actors like Anupam Kher, Mithun Chakraborty, Pallavi Joshi and Darshan Kumar. The film has garnered wide acclaim worldwide, earning 350+ crores at the box office.Also Read – John Abraham Praises Kashmir Files, Takes Taunt on The Kapil Sharma Show: It Doesn’t Translate Into Ticket Sales

Produced by ZEE Studios and Tej Narayan Agarwal, Abhishek Agarwal, Pallavi Joshi and Vivek Ranjan Agnihotri, ‘The Kashmir Files’ is Vivek Agnihotri’s second directorial venture after The Tashkent Files on ZEE5 Global. The story narrates the void that still pervades the valleys of Kashmir. Through the film, director Vivek Agnihotri narrates the emotional distress of Kashmiri Pandits, echoing their sense of deprivation, pain of being let go, fear of existence and struggle to survive. Also Read – The Kashmir Files Cast Interview: Pallavi Joshi, Darshan Kumar and Bhasha Sumbali on Politics, Genocide and the ‘Brutal Truth’

Talking about the film’s digital premiere on ZEE5 Global, the director Vivek Agnihotri Said, “We have had a successful collaboration with ZEE5 for The Tashkent Files that released earlier. I am now overwhelmed with the response to The Kashmir Files on the platform, as the film has already garnered 2+ million views within 24 hours. Which is a huge achievement. We are sure that the film will continue to grow from strength to strength.” Also Read – Anupam Kher Not The Only Kashmiri Pandit In Kashmir Files, Meet Bhasha Sumbali – Exclusive Interview

Adding further, the director said, “ZEE5 Global provides a worldwide platform for filmmakers to showcase their creativity and present their stories to a wider audience. With the platform’s huge international presence, we are looking forward to take our film to audiences across multiple countries.”

Along with the addition of The Kashmir Files, ZEE5 Global has also announced a content slate of 80+ titles across languages ​​for its line-up for South Asian audiences across the globe. Catch The Kashmir Files Now Streaming In Select Countries Only On ZEE5 Global!

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Originally published at Pen 18

Ujjivan Small Finance Bank to have 50 per cent in secured loans over next 2-3 years

Ujjivan Small Finance Bank, after facing headwinds amid the COVID-19 pandemic, is on a more balanced growth trajectory by increasing its secured loan book to 50 per cent of total assets in the next two-three years. As part of its asset diversification strategy, the lender has already resumed auto loans and plans to enter the gold loan segment soon.

The Bengaluru-based lender, which started its operations as a micro-financier in 2005, transformed itself into a small finance bank in 2017. It turned black with a net income of Rs 127 crore in the March 2022 quarter, but closed FY22. Net loss of Rs 415 crore, hit by the impact of the pandemic.

The lender holds 68 per cent of assets in the unsecured micro-loan segment as of March 2022 and the remaining 32 per cent (up from 27 per cent in FY21) with housing and small business loans in secured accounts.

“Micro credit will continue to be the largest asset base for us in the near term, but in the next two-three years, we want to increase our safe book share from 32 per cent to 50 per cent, so that we can meet Ujjivan Managing Director and CEO Ittira Davies. He said that like the last two years, do not fall into the heap of bad debt.

“As part of this asset base diversification, we have relaunched our auto loan portfolio (two-wheeler financing), which we had closed during the pandemic, and we are looking to book this financial year at Rs 120-150 crore. Let’s hope to end with, Davis said.

“The second step is to enter the gold loan business, which is a fully secured and high-margin segment for all lenders. We expect to launch it by October/just before Diwali,” he added.

He said around 60 per cent of auto loan customers are existing micro lenders while the rest are new customers.

Davis expects his asset base to reach Rs 20,000 crore this fiscal, from Rs 18,162 crore in FY22.

The company registered a growth of 20 per cent in asset base in FY22 as compared to the previous financial year.

Davis said he expects record debt sales to continue in the fourth quarter in fiscal 2013 as well. Davis said it disbursed maximum loans of Rs 4,870 crore in the March 2022 quarter.

Davis said Ujjivan’s deposits grew 39 per cent to Rs 18,292 crore, leading to a 27 per cent increase in current account savings account.

The bank saw a shift in asset quality, with gross NPAs (non-performing assets) falling from 11.8 per cent in Q2 to 9.8 per cent in Q3 to 7.1 per cent in Q4, as collection efficiency reached 100 per cent by March, and net NPAs at 1.7 per cent. percent decreased to 0.6 percent.

The bank’s provision coverage ratio is 92 per cent with a provisional provision of Rs 260 crore, he said, writing off bad loans worth Rs 200 crore in the fourth quarter of FY22. Its total provision was Rs 1,330 crore or 7.3 per cent of the loan book.

The company went public in December 2019 and is to increase the public float to 25 per cent by this December from 18 per cent now. This is being done through a Rs 600 crore QIP issue, after which it will go for reverse merger.

Davis expects equity sales to take place in the second quarter of FY23.

Originally published at Pen 18

bharatpe: BharatPe launches investment platform for its merchant partners

Bangalore: New Delhi-based fintech firm BharatPe has launched a new investment platform for its merchant partners as it looks to further its wealth management play. The platform will give traders an option to invest in fixed deposits by Unity Small Finance, it said in a statement on Wednesday.

Last year, a partnership between BharatPe’s parent, financial services major Centrum, and Resilient Innovations got the central bank’s nod to set up a small finance bank, Unity Small Finance.

BharatPe aims to facilitate investment for over 2 million merchant partners over the next 12 months through the new platform.

The merchants of the fintech will be able to access the investment platform on the BharatPe merchant app by clicking on the investment tab. BharatPe has partnered with peer-to-peer (P2P) non-banking companies LenDenClub and Liquiloans to deploy their savings against loans on these platforms for up to 12% interest.

In January, Ashneer Grover became the cofounder of BharatPe
embroiled in a big controversy After an outrageous audio clip featuring him and

The employee went public. The matter escalated over the next two months, when the board asked auditors PricewaterhouseCoopers (PwC) and Alvarez & Marsal (A&M) to audit the firm for financial irregularities and lapses in corporate governance. This eventually led to Grover’s resignation and the company sacking his wife Madhuri Jain, who was the controlling head at the firm.

BharatPe was valued at $2.8 billion in 2021 after raising $370 million in a round led by Tiger Global.

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Originally published at Pen 18

pharmeasy: Goldman Sachs likely to invest Rs 2,700 crore in PharmEasy parent

Informed people said Goldman Sachs is in talks to invest around $350 million (Rs 2,700 crore) in online pharmacy PharmEasy’s parent API holdings.

The people said the debt will carry an interest rate of 14-15% and will also have a pre-agreed equity upside, or premium to the rate, based on a potential increase in the company’s valuation. The money will primarily be used to refinance the debt taken by the company for the acquisition of Nidan Series.

Last year.

Goldman Sachs declined to comment, while an email sent to API Holdings remained unanswered at press time Tuesday.

People said the company could raise another $200 million after closing the deal with the US financial services company.

India’s largest online pharmacy, PharmEasy had planned to raise Rs 6,250 crore through an initial public offering of shares and use Rs 1,929 crore of it to pay off debt. A portion of the loan payment is due by August 2022. The IPO plans were put on hold due to weak market conditions.

PharmEasy was valued at $5.6 billion when a group of global funds invested $350 million in a pre-IPO round in October last year. New investors in PharmEasy include Singapore-based Amansa Capital, hedge fund Apa Capital, OrbiMed, Steadview Capital and Abu Dhabi-based sovereign wealth fund ADQ.

PharmEasy became a unicorn in April 2021, when Prosus Ventures, TPG and others led a $350 million Series-E round of funding at a $1.5 billion valuation. After acquiring a 66% stake in Thyrocare in June 2021, the valuation reached $4 billion.

Prosus Ventures (formerly Naspers Ventures) is the largest shareholder in the startup with a 12% stake. Singapore-based Temasek holds an 11% stake in the company, while TPG Growth holds 6.6% and Evermade Holdings holds 6%. 43 investors own about 70% of the company.

Originally published at Pen 18

Sunrisers Hyderabad keep slim playoff hopes alive with three-run win over Mumbai Indians

MUMBAI: Rahul Tripathi batted like a man on a mission before Umran Malik with his pace helped Sunrisers Hyderabad keep their slim IPL playoff hopes alive with a three-run win over Mumbai Indians.

Tripathi scored 76 runs in 44 balls to take Sunrisers Hyderabad to a challenging score of 193 runs for six wickets. Priyam Garg (42) and Nicholas Pooran (38) gave him full support.

Malik (3/23 in three overs) then delivered a sensational performance while the experienced Bhuvneshwar Kumar (1/26 off 4) restricted MI to seven for 190 in the 19th over despite Rohit Sharma’s best efforts . (48), Ishan Kishan (43) and Tim David (46).

The win keeps SRH in the race for the playoffs on paper as they reach 12 points. They need to win their last game and hopefully other results will come in handy.

Chasing 194, Rohit was at his best and looked set for a big total. He gave a solid start to Mumbai’s chase with Kishan, with whom they shared a 95-run partnership.

The duo conceded 17 runs in the ninth over bowled by Malik, with the fast bowler bowling two no balls and one wide.

But two overs later, Kane Williamson’s decision to bowl to Washington Sundar (1/36) paid dividends as Rohit dismissed Jagdisha Suchith in the deep.

Looking uncomfortable in front of Malik’s short balls, Kishan chased him.

In the next over as a Jammu pacer, who redeemed himself in a terrifying over earlier. He bowls the ball over the stumps from round the wicket to complete a fine catch at mid on for Priyam Garg.

The duo provided another breakthrough as Malik bowled another bouncer to pull off Danielle Sams. Garg leaps over his head with his hands fully extended to complete a brilliant catch at midwicket.

With 44 needed off 18 balls, David smashed 46 off just 18 balls to keep Mumbai’s hopes of a fourth win this season alive.

David hit four sixes including a 114m hit in the 18th over bowled by T Natarajan, taking the equation from 12 to 19. However, Natarajan (0/60) managed to redeem himself on the last ball as David was run out. ,

The experienced Bhuvneshwar bowled the 19th over to turn the game back in SRH’s favour.

Earlier, Tripathi, who scored his third fifty of the season with nine fours and three sixes, set himself up for a memorable innings.

Invited to bat, Sunrisers gambled on Garg playing in the top order. The 21-year-old played a brilliant innings with Tripathi, sharing a 78-run stand with Tripathi after the in-form Abhishek Sharma (9) was sent back in the third over.

Garg, who was dismissed for 10, made good use of his relief as he hit the ball four times over the fence and twice in his 26-ball innings.

At the other end Tripathi looked into his element. He hit Jasprit Bumrah (1/32) for sixes and consecutive fours in the fifth over.

Tripathi and Garg scored 57 runs in a productive powerplay and maintained a healthy run rate that was close to 10 runs per over while batting responsibly.

Once Garg was caught and bowled by medium pacer Ramandeep Singh (3/20), Pooran, who was promoted to No. 3, joined the party.

The flamboyant left-hander hit two successive sixes at long on and deep backward square off Riley Meredith (1/44) in the 13th over and in the next over, Mayank Markande (0/31) was dismissed for a boundary and maximum.

The MI bowlers, led by Ramdeep, made a mini comeback by dismissing Pooran, Tripathi and Aiden Markram (2) in a span of eight balls.

Batting down the order, skipper Kane Williamson (8 not out) struggled as he was unable to hit big shots.

Sunrisers, who looked set to post 200-plus, could only manage one boundary in the last two overs, scoring 19 runs.

Originally published at Pen 18

SC grants bail for Tyagi on condition he won’t deliver hate speeches

Supreme Court has granted bail to Jitendra Tyagi, formerly Wasim Rizvi for three months on medical grounds. However, it insisted on a commitment from him that he would refrain from more hate speech. A bench of Justice Ajay Rastogi and Justice Vikram Nath also put a condition that he will not talk to the media while on bail. The bench has kept the petition pending to watch further developments in the matter.

On March 8, Uttarakhand High Court Judge Ravinder Mathiani had denied bail to Tyagi over his hate speeches. As Rizvi, he was the chairman of the UP Shia Waqf Board before converting to Hinduism and changing his name to Jitendra Tyagi. Several FIRs are pending against him for hate speech.

Senior advocate Vikas Singh, appearing for Tyagi, submitted that his client was “wrongly imprisoned” for over 4 months in connection with the registration of the second FIR. It was illegal, he protested. Singh argued that Section 153A – a provision to prevent promotion of enmity between different groups on grounds of religion – was not made against Tyagi as there was no reference to any religious or other community in the FIR. Incidentally, all other co-accused in the case were granted bail.

The Uttarakhand government said that Tyagi can be granted bail only if he reforms in his own way and does not give abusive language. Deputy Advocate General Jatinder Kumar Sethi, representing the state, said that harmony has to be maintained.

Tyagi was a history-sheeter and had at least 4 cases pending against him in Uttarakhand. He said that charge sheets have been filed in three cases.

Originally published at Pen 18

New unit under rail board to oversee Gati Shakti projects

A new branch has been constituted to oversee the implementation of projects under Gati Shakti Master Plan in Administrative Reforms of Railway Board.

According to officials with knowledge of the matter,

The Directorate of Power of Indian Railways will be headed by an officer of the grade of Additional Member. This will be the 25th Administrative Directorate of Indian Railways. Other directorates of the Indian Railways include Power, Tourism, Signaling and Telecommunications, Economics, Traffic, Planning and Infrastructure.

A senior Railway Ministry official said, “Implementation of Railways’ part of Gati Shakti program will be given priority by this directorate.”

The Rs 100 lakh crore Gati Shakti program was launched to reduce logistic costs and enhance the country’s export competitiveness.

Originally published at Pen 18