L&T Finance Ltd. (LTF), one of the leading Non-Banking Financial Companies (NBFC), is proud to announce the completion of 30 years of trusted excellence. It was started in 1994; the Company has established itself as a diversified retail NBFC. LTF was publicly listed on BSE and NSE in 2011.

L&T Finance Ltd. unveils a new logo to mark 30 years of successful operations and trusted excellence

LTF leads in three Product Finance segments namely, Rural Business Finance, Farm Equipment Finance, and Two-wheeler Finance. This success is attributed to the Company’s strong pan-India retail franchise, with a distribution network reaching around 2 lakh villages through more than 1,900 rural meeting centers and over 167 urban branches, supported by over 13,200 distribution points developed over the last decade. LTF serves a substantial customer base of over 2.5 crore individuals, employing effective cross-selling and up-selling strategies to enhance customer engagement and deliver tailored financial solutions.

As of the second quarter of the current financial year, its customer portfolio is evenly split, with 47% in rural areas and 53% in urban areas. LTF has more than 35,000 employees and is present in 20 states and two union territories. LTF offers 100% paperless journey and digital loan disbursals across urban and rural areas.

Speaking on the occasion, Mr. Sudipta Roy, Managing Director & CEO at LTF said, “At LTF we have leveraged digital transformation to create seamless and accessible financial solutions for our customers, whether they reside in urban centres or remote villages. As we look forward, our focus will be more granular, refreshing the product category, enhancing compliance structure, operations, culture building, etc. We are excited to continue our mission of enhancing financial accessibility and literacy while consistently pushing the boundaries of customer experience.”

As of the second quarter, LTF recorded a Profit After Tax of Rs. 696 Crore (Consolidated), up 17% Year-on-Year (YoY). The retail book stood at Rs. 88,975 Crore, reflecting a YoY growth of 28%. Also, the Company has recorded quarterly retail disbursements of Rs. 15,092 Crore, up 12% YoY.

LTF holds an ‘AAA‘ rating from CRISIL, ICRA, CARE, and India Ratings, highlighting its strong financial stability and creditworthiness. Additionally, it is classified as an upper-layer NBFC according to the RBI classification. LTF has also been honoured as a Great Place to Work in 2024. Through its CSR initiatives focused on Digital and Financial Inclusion, LTF has reached over 46 lakh community members through more than 2,000 Digital Sakhis.

About L&T Finance Ltd. (LTF)

L&T Finance Ltd. (LTF) (www.ltfs.com), formerly known as L&T Finance Holdings Ltd., (LTFH) is a leading Non-Banking Financial Company (NBFC), offering a range of financial products and services. Headquartered in Mumbai, the Company has been rated ‘AAA‘ – the highest credit rating for NBFCs – by four leading rating agencies. It has also received leadership scores and ratings by global and national Environmental, Social, and Governance (ESG) rating providers for its sustainability performance. The Company has been certified as a Great Place To Work and has also won many prestigious awards for its flagship CSR project – “Digital Sakhi“- which focuses on womens empowerment and digital and financial inclusion. Under Right to Win, being in the ‘right businesses‘ has helped the Company become one of the leading financiers in key Retail products. The Company is focused on creating a top-class, digitally enabled, Retail finance company as part of the Lakshya 2026 plan. The goal is to move the emphasis from product focus to customer focus and establish a robust Retail portfolio with quality assets, thus creating a Fintech@Scale while keeping ESG at the core. Fintech@Scale is one of the pillars of the Company’s strategic roadmap – Lakshya 2026. The Company has around 2.5 Crore customer database, which is being leveraged to cross-sell, up-sell, and identify new customers.

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The localities around Vandalur are witnessing rapid growth in real estate, driven by significant developments in the IT sector and an enhanced road network. Among these, the nearby locality of Mannivakkam stands out as a prime beneficiary. Strategically situated at the node of Vandalur, Mannivakkam enjoys direct connectivity to major road networks such as GST Road, Outer Ring Road (ORR), Chennai Bypass Road, and the Vandalur-Kelambakkam Link Road, ensuring seamless travel in all directions. Additionally, the locality offers access to all major transit modes, including air, rail, and road, making it highly accessible. This advantageous location, coupled with ongoing infrastructure projects and proximity to key employment hubs, is fueling Mannivakkams rapid development.

View of the National Highway road of Vandalur close to Mannivakkam, highlighting the areas rapid urbanization and growth as a key Real Estate hub

Infrastructure Transforming the Landscape
Vandalur is home to the Kilambakkam Bus Terminus, one of South India’s largest transit hubs, which enhances intercity and interstate travel. The upcoming metro line to Kilambakkam will further improve connectivity to Chennai’s central business districts and IT corridors. Whereas, Manivakkam benefits from seamless access to ORR and the Oragadam-Vandalur Corridor, ensuring smooth travel to Bengaluru and other employment and industrial hubs. Located near Perungalathur, it is close to Shriram Gateway IT SEZ, Accenture, Capgemini and Infosys, as well as MEPZ in Tambaram and the Oragadam Industrial Belt, which hosts global giants like Renault-Nissan and Apollo Tyres.

New IT Parks: A Game Changer
The announcement of new IT parks in Vandalur, Mannivakkam, and Malayambakkam along the Outer Ring Road is set to redefine the real estate market. Combined with already established IT hubs near the proximal Perungalathur like ZOHO, Accenture and Capgemini, these developments are expected to generate significant employment opportunities, driving demand for residents in the region.

Affordable and Balanced Living
Compared to the citys core areas, localities near Vandalur, such as Mannivakkam and Otteri Extension, offer cost-effective housing options with excellent appreciation potential, while providing the same benefits as central urban locations. These areas strike a perfect balance between urban conveniences and green, serene surroundings, making them increasingly sought after for a well-rounded lifestyle. Landmarks like the Arignar Anna Zoological Park and reputed schools, colleges, hospitals, and shopping centers are another benefit of family-friendly appeal.

Vasanth, an IT professional working near Vandalur, “I recently moved to Mannivakkam, and though I was initially skeptical, I now realize I have access to all the conveniences of city living. From the airport, railway network, and bus station to the metro, everything is within reach. Being located on GST Road allows me to travel effortlessly to all parts of the city, including the parallel ECR-OMR stretch. It truly feels like I’m living in the heart of Chennai.“

The Hub of Opportunities
Mannivakkam are poised for significant growth, offering a range of real estate options such as residential plots, plotted communities – the new age investing in plots that offer world-class amenities within a secured community, apartments and villas. The strategic location, affordability, and proximity to key employment hubs, coupled with robust infrastructure and excellent connectivity, make them thriving real estate destinations. With growing IT and industrial developments, these areas present a perfect blend of accessibility, quality living, and future growth potential, making them ideal for both homebuyers, working professionals and investors.

Sambhv Steel Tubes Limited, one of the key manufacturers of electric resistance welded (“ERW“) steel pipes and structural tubes (hollow section) in India in terms of the installed capacity as of March 31, 2024 (Source: CRISIL Report), has participated in METEC India 2024 – one of the premier regional events for the metal industry happening from November 27 to November 29, 2024, at the Bombay Exhibition Center, Mumbai, India.

Sambhv Steel Tubes Ltd. showcased its product range at METEC India 2024

SAMBHV Steel Tubes Limited showcased its wide range of products at the exhibition, including Mild steel coils, Stainless steel coils, GP coils, steel door frames, ERW Pipes and Tubes, Pre-Galvanised (GP) pipes, CRFH Pipes. The company has designed an engaging and visually striking stall at the event, providing an immersive experience for visitors to explore its product range and innovative capabilities. The company has a single-location backward-integrated manufacturing facility for ERW steel pipes and tubes, spanning the entire value chain-from raw materials to finished products.

Commenting on the company’s participation at the exhibition, Mr. Vikas Goyal, CEO & MD Sambhv Steel Tubes Limited, said, “METEC India provided us with a platform to explore the advancements in the global market and engage directly with customers and suppliers for strategic discussion and negotiations. The event has opened up opportunities to connect, engage in meaningful dialogue, and drive business growth. A well-curated program featuring exhibition showcases, competitions, technical conferences, and live demonstrations has created a dynamic environment that fosters networking and collaboration.”

METEC India serves as a platform for the metal industry in Maharashtra, offering opportunities to explore global market trends and engage directly with suppliers and customers for strategic negotiations. The exhibition features exhibitors from various countries, showcasing innovations and expertise. Attracting visitors from diverse industries, including cable and wire manufacturing, automotive components, electrical, construction, equipment manufacturing, amongst others. METEC India serves as a vibrant hub for professionals to connect, share insights, and seize new opportunities across multiple sectors. The return of the international exhibition and conference to Mumbai after two years was eagerly awaited by the Indian metal industry.

The Exhibition offered a diverse and enriching experience each day. Day 1 featured the Tube India conference, co-organised by International Tube Association (India Chapter), focusing on “Emerging Opportunities for a Sustainable Future in the Tube & Pipe Industries.” Day 2 featured Wire India hosting a technical conference, co-organised by Steel & Metallurgy, addressing “Process Innovation & Application Initiatives towards a Clean, Green, and Efficient Wire & Cable Industry in India.” Day 3 delved into “VISION 2047 – 500 MT Steel Production – Initiative Towards Decarbonisation in the Indian Steel Industry,” showcasing incremental growth over the years.

METEC India 2024 has given a wonderful opportunity to the company for showcasing its products to an audience from various countries.

About Sambhv Steel Tubes Limited

According to CRISIL Report, Sambhv Steel Tubes Limited is the only company in India with a single location backward integrated manufacturing facility for ERW steel pipes and tubes with presence across the value chain as of March 31, 2024. The Company is one of the two players in India manufacturing ERW steel pipes and tubes (along with hollow section pipes and tubes) using narrow-width HR coil, as of March 31, 2024. It is the only player in India to manufacture narrow-width HR coil with backward integration capability, as of March 31, 2024.

The Company’s backward integration processes allow it to manufacture a range of finished products including ERW black pipes and tubes (hollow section) and galvanized iron (“GI”) pipes, using intermediate products such as sponge iron, blooms/slabs and hot rolled (“HR”) coil which are manufactured in-house.

Disclaimer

SAMBHV STEEL TUBES LIMITED is proposing, subject to, receipt of requisite approvals, market conditions and other considerations, to undertake an initial public offer of its Equity Shares and has fled the DRHP dated September 30, 2024 with the SEBI. The DRHP is available on the website of the Company at www.sambhv.com, website of SEBI at www.sebi.gov.in, websites of the Stock Exchanges at www.bseindia.com and www.nseindia.com and the BRLMs, i.e. Nuvama Wealth Management Limited and Motilal Oswal Investment Advisors Limited at www.nuvama.com and www.motilaloswalgroup.com, respectively. Any Potential investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the Red Herring Prospectus which may be filed with the Registrar of Companies in the future including the section titled “Risk Factors”. Potential investors should not rely on the DRHP filed with the SEBI in making any investment decision.

This announcement does not constitute an offer of the Equity Shares for sale in any jurisdiction, including the United States, and the Equity Shares may not be offered or sold in the United States absent registration under the US Securities Act of 1933 or an exemption from registration. Any public offering of the Equity Shares to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, the Equity Shares are not being offered or sold in the United States.

About CRISIL Market Intelligence & Analytics

CRISIL Market Intelligence & Analytics (CRISIL MI&A), a division of CRISIL Limited, provides independent research, consulting, risk solutions, and data & analytics to its clients. CRISIL MI&A operates independently of CRISIL’s other divisions and subsidiaries, including, CRISIL Ratings Limited. CRISIL MI&A’s informed insights and opinions on the economy, industry, capital markets and companies drive impactful decisions for clients across diverse sectors and geographies.

CRISIL MI&A’s strong benchmarking capabilities, granular grasp of sectors, proprietary analytical frameworks and risk management solutions backed by deep understanding of technology integration, makes it the partner of choice for public & private organisations, multi-lateral agencies, investors and governments for over three decades. For the preparation of the CRISIL Report, CRISIL MI&A has relied on third party data and information obtained from sources which in its opinion are considered reliable. Any forward-looking statements contained in the CRISIL Report are based on certain assumptions, which in its opinion are true as on the date of the CRISIL Report and could fluctuate due to changes in factors underlying such assumptions or events that cannot be reasonably foreseen.

CRISIL Report does not consist of any investment advice and nothing contained in this report should be construed as a recommendation to invest/disinvest in any entity. The CRISIL Report is prepared for use in the Offer Documents to be filed by the Company with the RoC, SEBI and the Stock Exchanges in India.

• Dynamic RGBW lighting brings new life to the structure’s visual identity

• Lighting transformation to debut during Eid Al Etihad celebrations

Emaar Properties has announced the completion of a revolutionary facade lighting upgrade for Burj Khalifa, the tallest building in the world. This dynamic RGBW lighting system, integrating cutting-edge technology with the building’s architectural artistry, will debut during the UAE’s Eid Al Etihad celebrations on December 1, 2024, and set the stage for Burj Khalifa’s 15th anniversary on January 4, 2025.

Burj Khalifas Facade Gets a Dazzling Lighting Overhaul

The upgrade transforms the iconic facade into a stunning visual spectacle, offering a wide spectrum of vibrant colours and effects, enhancing the guest experience while reinforcing Dubais status as a global leader in innovation and design excellence.

The process was carefully coordinated, with a six-month mock-up testing to ensure seamless integration. The upgraded system features dynamic RGBW technology, replacing static lights with colour-changing, addressable fixtures to create complex lighting effects. Without compromising Burj Khalifa’s sleek design, the system can create dynamic lighting scenes, from festive displays to everyday illuminations, complementing the tower’s media screen and adapting to various occasions and celebrations.

Mr Ahmad Al Matrooshi, Executive Director, Emaar Properties, said, “Burj Khalifa has always stood as a beacon of what is possible when vision meets innovation. This lighting overhaul is a testament to our continuous pursuit of excellence and a tribute to the UAE’s spirit of progress. As we unveil this stunning upgrade during Eid Al Etihad celebrations and approach the tower’s 15th anniversary, this transformation marks a new chapter in its legacy, reaffirming Dubai as a city of boundless ambition.”

The lighting system not only enhances Burj Khalifa’s visual presence but also strengthens its position as a global icon of architectural brilliance and a symbol of modern design innovation. By perfectly blending technology with artistry, this project sets a new benchmark for architectural lighting and promises to inspire future projects worldwide.

About Emaar Properties

Emaar Properties PJSC, listed on the Dubai Financial Market, is a global property developer and provider of premium lifestyles, with a significant presence in the Middle East, North Africa, and Asia. One of the world’s largest real estate companies, Emaar has a land bank of over 1.7 billion sq. ft. in the UAE and key international markets.

With a proven track-record in delivery, Emaar has delivered approx. 117,000 residential units in Dubai and other global markets since 2002. Emaar has strong recurring revenue-generating assets with approx. 1.4 million sq. mtr. of leasing revenue-generating assets and 38 hotels and resorts with around 9,200 keys (includes owned as well as managed hotels). Today, 36 percent of Emaar’s revenue is from its shopping malls, hospitality, leisure, entertainment, commercial leasing, and international businesses.

Burj Khalifa, a global icon, Dubai Mall, the worlds most-visited retail and lifestyle destination, and Dubai Fountain, the world’s largest performing fountain, are among Emaar’s trophy destinations.

Follow Emaar on: Facebook | X | Instagram. For all media queries, please contact:PR@emaar.ae.

Winter, a season of beauty and warmth, can also be a harsh reality for our skin. The cold, dry air strips off our skin of its natural moisture, leaving it feeling dry, flaky, and dull. But fear not, with a well-curated skincare routine that is effortlessly easy to follow, you can combat the winter blues and achieve a radiant, healthy complexion.

Lakme Hyaluronic Dewy Range

Step 1: Cleanse your skin
Start your skincare routine with a gentle, hydrating cleanser. The Lakme Hyaluronic Dewy Facewash is a soap free formula that gently removes pollution, dirt and daily make-up without stripping away your skins natural moisture. It is enriched with 4D Hyaluronic acid – a combination of 4 different kinds of Hyaluronic acid to hydrate your skin and reduce water loss.

Step 2: Add the first dose of hydration
During winters, our skin often craves an extra dose of hydration. Incorporating a hydrating essence into your skincare routine is the perfect way to replenish lost moisture. Use the Lakme Hyaluronic Dewy Micro Essence, a lightweight, hydrating essence that quickly absorbs into the skin, delivering an instant boost of moisture. Powered by potent 4% Hyaluronic acid-Pentavitin complex, it helps your skin feel instantly refreshed and plump.

Step 3: Level up your HA game
Incorporate serums infused with pure Hyaluronic acid into your AM & PM skincare routine. Since Hyaluronic Acid draws moisture from the environment into the skin, remember to apply Hyaluronic acid serums on damp skin. Choose the Lakme Hyaluronic Dewy serum from Lakme Skin. It is enriched with a 10% Hyaluronic Acid complex to give your skin an instant hydration boost. The serum also houses Pentavitin, which seals in moisture and provides long-lasting hydration for a dewy, healthy complexion. The serum penetrates up to 15 layers deep, instantly plumping your skin for a dewy, hydrated glow.

Step 4: Lock in moisture
Seal in all that goodness with an ultra-hydrating moisturizer like the Lakme Hyaluronic Dewy Gel crme. Infused with 7% Hyaluronic acid, pentavin and pro-ceremide complex, the gel creme locks in moisture, giving your skin a dewy, fresh appearance. Lightweight and fast absorbing, it plumps up skin instantly, providing hydration for up to 72 hours. For optimal results, use ultra-light gel crme during the day and before bed.

Step 5: Dont forget your sunscreen
Even during the winter months, its crucial to protect your skin from harmful UV rays. The Lakme Sun Expert 1% Hyaluronic Sun Gel with SPF 50 PA++++ is all you need for the skin of your dreams. The sunscreen gel with SPF 50 and PA++++ gives superior protection and is infused with 1% hyaluronic acidcomplex that gives your skin a burst of water-light hydration. A win for all skin types, the aqua sun gel is lightweight and blends seamlessly into your skin without any white cast.

By following these simple skincare tips and incorporating Lakme’s hydrating and moisturizing products, you can achieve a radiant, glowing complexion that will turn heads. Remember, a well-nourished and hydrated skin is the foundation of any flawless look.

HDFC Life, one of India’s leading insurers, has unveiled its latest campaign focused on the critical need for timely retirement planning. The growing elderly population in India coupled with rising life expectancy due to advancements in healthcare and improved standards of living, makes retirement planning imperative.

The Best Time to Start Retirement Planning is Now, says HDFC Lifes Latest Campaign

With individuals projected to require 30 years of income post-retirement by 2050*, early and strategic retirement planning is essential. Despite recognising the importance of starting early, many Indians face a significant gap between intent and action. Alarmingly, 90% of individuals, above the age of 50 years, regret having delayed their retirement planning**.

HDFC Life’s latest campaign highlights a common barrier leading to postponement of retirement planning. Parents usually prioritise financial commitments such as home loan repayments, children’s education, or immediate family needs over their own retirement planning. This postponement diminishes the retirement corpus, as late planning offers limited time for wealth accumulation.

HDFC Life’s new campaign leverages a relatable milestone – a child’s departure for college – as a pivotal moment for parents to begin their retirement planning journey. The campaign aims to create awareness about the need to secure one’s financial future while balancing familial responsibilities.

Click here to watch the film.

Vishal Subharwal – Group Head Strategy & Chief Marketing Officer – HDFC Life

Speaking about the campaign, Vishal Subharwal – Group Head Strategy & Chief Marketing Officer – HDFC Life said, “The risk of outliving one’s savings is one of the biggest concerns that individuals face during their lifetime. The solution lies in starting retirement planning early to harness the power of compounding. Very often, in India, this is postponed by individuals until their children’s future is secured. Our main message through this campaign is that an individual needs to start planning early for their golden years and the best time is now.”

Adding further,Vikram Pandey – Chief Creative Officer Leo Burnett, South Asiasaid, “Often it isn’t until their mid fifties that people realise they haven’t planned enough for their retirement, and then it gets too late. In this campaign for HDFC Life, through the story of the couple who are transitioning to a new phase in life as they deal with an empty nest, we wanted to reiterate that this is also a time to shift your financial priorities, as you set your sights toward retirement and funding the next chapter of your life. And who better than HDFC Life to plan this with.”

The campaign has been launched across diverse platforms, including television, digital, and other mass media, ensuring maximum reach and impact. HDFC Life continues to advocate for financial literacy and awareness, emphasising the importance of proactive retirement planning in today’s dynamic economic landscape.

References:

* PFRDAI Report

** Retirement study by Ipsos, 2023