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  • JioCinema brings comedy thriller series, ‘Moonwalk’ starring Samir Kochhar, Anshumaan Pushkar, Nidhi Singh and Sheeba Chadha, to premiere on 20th December

    JioCinema brings comedy thriller series, ‘Moonwalk’ starring Samir Kochhar, Anshumaan Pushkar, Nidhi Singh and Sheeba Chadha, to premiere on 20th December

    Trailer Link: https://www.youtube.com/watch?v=UxTrvsczwO8

    Jio Prime, Moonwalk

    National, 13th December,2024: JioCinema is all set to bring a quirky tale of heist, love and loyalty with its latest comedy-thriller series, Moonwalk. Starring Samir Kochhar, Anshumaan Pushkar, Nidhi Singh, Sheeba Chadha, and Geetanjali Kulkarni in key roles, the show is all set to premiere on 20th December on JioCinema Premium. The recently released trailer sets the stage for an unexpected battle between two rival thieves—not over a heist, but for love! With a perfect mix of humor and suspense, Moonwalk promises to keep audiences on the edge of their seats.

    Moonwalk pits Tarik Pandey (essayed by Anshumaan Pushkar), Rampur’s best thief, against Maddy (played by Samir Kochhar), Delhi’s top crook, in a battle for both a priceless treasure and the heart of the girl of their dreams, Chandani (played by Nidhi Singh). After a slip-up lands Tarik in jail, Chandani declares a challenge: whoever steals the better item—Tarik’s golden commode or Maddy’s precious necklace—will win her love. Meanwhile, an aging gangster, his son who wants to be a teacher, an uptight cop, Chandani’s jealous ex, and a legendary cellmate, add to the chaos, leading to an unexpected showdown as all players compete for the ultimate prize—a moonrock! Moonwalk is directed by Ajay Bhuyan and produced by Jyoti Deshpande (Jio Studios) and Ajay G Rai (Jar Pictures).

    Sharing his excitement for the show, Samir Kochhar shares, “Maddy is a legend in the world of heists, who executes impossible jobs with unmatched skill and charisma. He is always a step ahead, and beneath his suave exterior lies a darker edge – he thrives on the thrill of deception and bending the rules to his advantage. This character brings surprises as the story unfolds, and that’s what makes it interesting. I’m also excited to do something different this time from my previous roles. Moonwalk is exciting, unpredictable, and has everything the audience will look forward to – complete drama and entertainment.

    Anshumaan Pushkar, who plays Tarik reflected on his experience, saying, “Moonwalk has been an exhilarating journey for me, both as an actor and as a part of such a fun and exciting project. There’s something special about working on a project that’s as entertaining as it is interesting, and the energy on set was always filled with laughter and positivity. It truly made the entire experience one of the most enjoyable shoots I’ve had to date, and I’m confident that this joy will translate onto the screen for the audience to feel. What made it even more enriching was the opportunity to collaborate with incredible talents like Sheeba Ji and Samir, who bring so much depth to their craft. This was also one of my first projects, making it all the more special and memorable for me.”

    Nidhi Singh, who essays the role of Chandani, shared, “My character, Chandni, is a blend of mischief and innocence, which made portraying her a truly rewarding experience. I particularly enjoyed exploring Chandni’s chemistry with Anshuman and Samir, as their bond evolves in a heartfelt and meaningful way, adding depth to the story. It was also wonderful to work with Sheeba Chaddha again; her talent and warmth made the experience even more special.”

    Stay tuned to this quirky heist with ‘Moonwalk’, premiering on JioCinema on 20th December!

  • EPFO Pension: Will the minimum pension amount be increased under the Employees’ Pension Scheme? govt gave this answer

    EPFO News: Employees’ unions have been demanding an increase in the minimum pension amount under the Employees’ Pension Scheme (EPS), 1995 for a long time. Requests have been made in this regard by employees as well as other stakeholders.

    In the latest update related to this matter, MP Asaduddin Owaisi raised the question in the Lok Sabha whether the government has received any proposal to increase the minimum pension amount under EPS, 1995? He also sought details of any such proposal related to increasing the pension.

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    The government gave this answer regarding increasing the minimum pension amount
    Responding to the request for increasing the minimum pension amount, Minister of State for Finance Pankaj Chaudhary said that the Ministry of Labor and Employment has received a request to increase the minimum pension amount under EPS. Those requesting include stakeholders as well as trade unions.

    Asaduddin Owaisi also asked whether the government has done any evaluation of these requests for increasing EPS pension, especially based on the comments made in the 30th report of the Standing Committee on Labor, Textiles and Skill Development. He also sought information about those assessments.

    Minister of State for Finance Pankaj Chaudhary in his reply said that “EPS, 1995 is a ‘Defined Contribution-Defined Benefit’ social security scheme. The corpus of the Employee Pension Fund is formed by (i) contribution of 8.33 per cent of the salary paid by the company every month; and (ii) contribution of the Central Government through budgetary support at the rate of 1.16 per cent of the salary up to an amount of Rs 15,000/- per month. The fund is mandatorily evaluated every year under paragraph 32 of the EPS, 1995. ”
    Apart from this, MP Asaduddin Owaisi also asked whether the government is considering providing financial resources to facilitate increase in pension under EPS, 1995. If it is doing so, then he asked for information about it and if it is not doing so, then he asked the reason behind it.

    Responding to a question, the Minister of State for Finance said, “The government, for the first time in the year 2014, provided a minimum pension of Rs 1000 per month to pensioners under EPS, 1995 by providing budgetary support. And this was in addition to the budgetary support of 1.16 per cent of the salary provided annually to the Employees’ Provident Fund Organization (EPFO) for EPS.

    What is the minimum pension prescribed under EPS 95?

    In September 2014, the central government announced a minimum pension of Rs 1,000 per month for pensioners covered under EPS, 1995. However, the Labour Ministry had sent a proposal to the Finance Ministry last year, demanding doubling the minimum pension to Rs 2,000 per month under EPS-95. But this proposal has not been approved by the Finance Ministry.

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  • Sensex closes at 82,133 after 2,000 pts rally from day low

    Sensex trades higher on strong global cues

    IANS

    The Indian stock market closed in the green on Friday, with sharp gains in heavyweights like Bharti Airtel, ITC, HUL, and Kotak Mahindra Bank.

    At Closing, Sensex was up 843.16 points or 1.04 per cent, at 82,133.12 and Nifty was up 219.89 points or 0.89 per cent, at 24,768.30.

    During the session, BSE’s benchmark made an intra-day high of 82,213 after recovering from a low of 80,082.

    According to the experts, “Currently, the market is anticipating a revival in consumer spending, driven by the festive season and year-end holidays, adding to the sentiments. Additionally, an expectation of an increase in the US spending is propelling the IT sector.”

    Midcap and smallcap stocks underperformed compared to largcaps. Nifty midcap 100 index closed at 58,991, down 30 points or 0.05 per cent. and the Nifty smallcap 100 index closed at 19,407, down 59 points or 0.30 per cent.

    Sensex

    IANS

    In the Sensex pack, Bharti Airtel, ITC, Kotak Mahindra Bank, HUL, Titan Company, UltraTech Cement, HCL Tech, Power Grid, and Nestle were top gainers. Tata Steel, IndusInd Bank, JSW Steel, and Bajaj Finserv were the top losers.

    Among the sectoral indices, Auto, IT, financial service, FMCG, energy and Infra were top contributors. PSU Bank, pharma, metal, realty and media were top laggards.

    Rupak De, Senior Technical Analyst, LKP Securities said, “The equity market in India witnessed a roller-coaster session on the day of the Sensex weekly expiry. On the lower end, the Nifty found support around the neckline of the inverse head-and-shoulders pattern, completing a retest before rallying towards higher levels. Today’s low also coincides with the 38.2 per cent retracement level of the previous rally.”

    “Going forward, the trend is likely to remain strong, with the potential to reach 25,000 and higher in the short term. On the lower end, support is placed at 24,550,” he added.

    (With inputs from IANS)

  • India’s industrial growth to accelerate, inflation to ease in 2nd half of 2024-25: Report

    Indian Markets Face Strong Headwinds

    India’s industrial growth to accelerate, inflation to ease in 2nd half of 2024-25IANS

    India’s industrial activity is expected to accelerate in the second half of the current financial year on the back of recovering consumption demand and higher export growth while inflation is likely to ease, according to a CRISIL report released on Friday.

    “So far, high food inflation, elevated interest rates and slowing credit growth have impacted consumption recovery. However, with food inflation showing signs of easing, the space for discretionary consumption is expected to increase,” the report states.

    Moreover, the rural economy will likely improve following healthy agricultural production this year, it adds.

    However, the urban economy is facing waning support from credit growth amid elevated interest rates. A lower fiscal impulse from the government is further expected to have a moderating impact on GDP growth. While the government capex is expected to revive in the second half of this fiscal, growth is likely to moderate relative to the previous fiscal. A revival in private investment is critical to sustain the investment momentum, the report points out.

    Global trade is expected to improve and support export growth this year. However, geopolitical tensions remain a risk for trade flows and supply-chain pressures for industry. Exports will have to navigate increased uncertainties arising from the possibility of a US-China tariff war next year, according to the report.

    World Bank raises India's GDP growth forecast to 7.5 pc for 2023-24

    Urban economy is facing waning support from credit growth amid elevated interest ratesIANS

    Overall, elevated interest rates and fiscal consolidation are expected to slow GDP growth this fiscal. We expect GDP growth at 6.8 per cent on-year this fiscal compared with 8.2 per cent in the previous fiscal, with risks tilted downwards.

    In the coming weeks, we expect food prices to ease sequentially. Vegetable prices tend to come down in December when the kharif crop enters the market. A high base from last year will also help lower inflation since vegetable prices missed their seasonal decline last year. Pressure from edible oil prices, though, will have to be monitored.

    Given the subdued domestic demand conditions and soft global prices, non-food inflation is also expected to remain benign for the rest of the fiscal year, as per the report.

    “Overall, we expect inflation to soften in the coming months led by food inflation; however, rigidity in vegetable and edible oil prices keep the upside pressure high. In our base case, we expect inflation to average 4.6 per cent this fiscal with some upside bias to the forecast and expect a policy rate cut in February,” the report added.

    (With inputs from IANS)

  • Advance Tax Deadline: Can you pay advance tax on 16 December without penalty? know here

    Advance Tax 15 December 2024 Deadline : The third installment of advance tax for the financial year 2024-25 is to be paid by 15 December 2024. However, banks will be closed on 15 December 2024 as it is a Sunday.

    In such a situation, taxpayers may wonder if they can make this payment on 16 December 2024 i.e. Monday? If the income tax liability of the taxpayers is more than Rs 10,000, then it is mandatory to pay advance tax. If the payment is not made on time, taxpayers may have to face penalty and interest.

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    Income tax department rules

    According to the Income Tax Department’s circular dated 14 January 1994, if the last date for advance tax payment falls on a public holiday or Sunday and the bank is closed on that day, then the taxpayer gets the next working day for payment. In this case, no penalty or interest will be levied on the taxpayer under Section 234B and 234C of the Income Tax Act 1961.

    Can you pay advance tax on 16 December without penalty?

    The third installment payment for the financial year 2024-25 can be made on Monday, 16 December 2024, as 15 December is a Sunday. In this case, no penalty or interest will be levied on taxpayers. Taxpayers can pay their third installment of advance tax on December 16 without any worry.

    Advance tax: Payment is made in four installments

    Advance tax has to be paid in four installments in the same financial year in which the income is earned.

    15% – till 15 June

    45% – By September 15 (includes 1st instalment)

    75% – By 15th December (includes 1st and 2nd instalment)

    100% – by 15 March

    Who has to pay advance tax?

    If you still have a tax liability of Rs 10,000 or more after deducting TDS on your income, then you will have to pay advance tax. Apart from salary, this also includes income from rent, capital gains, FD interest, or lottery winnings.

    What will happen if advance tax is not paid?

    If you do not pay advance tax or pay it late, you will have to pay a penalty as per section 234B and 234C under the Income Tax Department. The rate of this penalty is 1% per month.

    Section 234B: If you have not paid 90% of the total tax by March 31, then you will have to pay interest at the rate of 1% per month.

    Section 234C: Interest will be charged at the rate of 1% per month for four installments at different times. Hence, it is very important to pay the advance tax on time to avoid additional penalty.

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  • Top Auto Industry Names Under One Roof At The NDTV Auto Conclave

    New Delhi, 13th December 2024 – NDTV Network, after launching its Auto vertical earlier this year, hosted its maiden Auto Conclave, a landmark event that brought together leading figures from the Indian automotive industry. The conclave fostered insightful discussions on the sector’s pivotal role in India’s burgeoning economy. Held in New Delhi, it featured company honchos, policymakers, change agents, and industry experts exploring themes such as sustainability, road safety, innovation, and investment through dynamic panel discussions and keynote sessions.

    conclave

    The conclave also witnessed Shri Nitin Gadkari, Hon’ble Minister of Road Transport and Highways unveiling NDTV’s auto website. Dedicated to the automotive world, the platform will offer cutting-edge insights, industry trends, and the latest advancements.

    The speakers and attendees included renowned names like , Group CEO & MD, Mahindra Group; Hisashi Takeuchi, MD & CEO, Maruti Suzuki India Ltd; Jyoti Malhotra, MD, Volvo Cars India; Satinder Singh Bajwa, Chief Commercial Officer, MG Motors; Sunjay Kapur, Chairman, Sona Comstar; Rahul Bharti, ED, Maruti Suzuki India Ltd; Ravi Avalur, Head, Harley-Davidson Business Unit, Hero MotoCorp; Sameer Seth, Director, Marketing – India, Dolby Laboratories; Rajeev Batra, CEO, TIVA; Deepak Jain, Chairman and Managing Director of Lumax Industries.

    Shri Nitin Gadkari, Hon’ble Minister of Road Transport and Highways, speaking on the future of the automobile industry and India’s potential to become a leading car manufacturer within the next five years, remarked, “The key focus is on pollution-free fuel,” emphasizing that, “It is a mission for me to reduce the use of petrol and diesel.”

    Key industry leaders enriched the discussions with their insights – Anish Shah, Group CEO & MD, Mahindra Group, highlighted the robust growth trajectory of electric vehicles (EVs) in India, stating, “Today, everything that is required to make EVs a success in India is in place – the right incentive structure, focus on regulations for getting EVs on road, charging mechanisms coming up.”

    Hisashi Takeuchi, MD and CEO of Maruti Suzuki India Ltd., shared an optimistic perspective on the market’s potential, saying, “Maruti Suzuki has an opportunity to grow by 20 times in India by providing cars to Indians and increasing the number of cars in the country.”

    Adding to the conversation on the intersection of technology and mobility, Sunjay Kapur, Chairman, Sona Comstar underscored the importance of regulation in leveraging artificial intelligence, noting, “AI is advantageous, but it needs to be regulated, and we need to see how we can apply it in a safe manner.”

    Deepak Jain, Chairman and Managing Director of Lumax Industries, shared his insights on the auto component industry and spoke – “The component industry is very diverse – it’s got the domestic OEM, it’s got the after-market and massive export opportunity. With recent trends there’s also a balance which the component industry has to do between value and volume.”

    Talking about the event, Mugdha Mishra, NDTV Auto’s Editor said “The success of the inaugural NDTV Auto Conclave has reinforced our commitment to driving forward-thinking dialogues and fostering industry partnerships that will shape India’s automotive future. With the launch of the NDTV Auto website, we have created an essential online platform that delivers expert perspectives, breakthrough technologies, and the latest updates from the world of mobility.”

    The NDTV Auto Conclave concluded on an inspiring note, setting the stage for transformative action in the mobility sector. By fostering dialogue among industry leaders, policymakers, and innovators, the conclave underscored its commitment to shaping a future where technology, sustainability, and investment drive India’s mobility ecosystem to new heights.


    Mansi Praharaj

  • ECB cuts rates as expected

    Today’s market analysis on behalf of Michael Brown Senior Research Strategist at Pepperstone

    13th December 2024

    The ECB’s Governing Council duly delivered the 25bp cut that our base case, the sell-side consensus, and money markets had all expected, lowering the deposit rate to 3.00% this lunchtime. Such a move, which came as no surprise, brings policy easing to a total of 100bp this year.

    Accompanying the rate cut was a policy statement that featured a ‘cut and paste’ of the policy guidance issued after the October meeting. Hence, policymakers again committed to following a data-dependent and meeting-by-meeting approach to upcoming decisions, while also stressing that no pre-commitment is being made to a particular rate path.

    Meanwhile, the ECB’s latest staff macroeconomic projections pointed to a modestly faster pace of disinflation now being foreseen, with headline HICP seen at 2.1% next year, 0.1pp below the prior forecast. Meanwhile, GDP growth is now seen as being weaker, at just 1.1% next year, and 1.4% in 2026.

    These projections, though, will likely have an incredibly short shelf-life, given that they take no account of recent political tumult in France and Germany, nor do they account for the potential impacts of any trade tariffs imposed by the incoming Trump Administration early in the new year.

    In light of these, and other, downside risks, coupled with continued disinflationary progress being made, further 25bp cuts, likely at each of the next four meetings, remains the base case. Risks to this outlook, of course, tilt towards a more dovish path, potentially including 50bp rate cuts.

    At the post-meeting press conference, focus will fall on whether such a ‘jumbo’ move was discussed at today’s meeting, as well as whether policymakers have yet formed any sort of consensus as to whether rates will have to head below neutral next year, in an attempt to further insulate the eurozone economy from the multitude of risks it is currently grappling with.


    Mansi Praharaj

  • Property Rights: Son and daughter have rights on father’s property, know the details of the law

    There have been many important changes in property rights in India from time to time. Earlier, daughters were not given equal rights in father’s property, but the amendment in Hindu Succession Act in 2005 changed this picture.

    Now daughters also get equal rights as sons in ancestral and self-acquired property.

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    Hindu Succession Act and Amendment of 2005

    The Hindu Succession Act 1956 was amended in 2005, which gave equal property rights to daughters. Earlier, daughters were deprived of property claims after marriage, but after the amendment, both married and unmarried daughters started getting equal share in their father’s property. Along with this, daughters can also become members and karta of Hindu Undivided Family ( HUF ).

    Daughter’s right in ancestral property

    Ancestral property is that which the father has inherited from his ancestors. The daughter gets the right to it by birth. This right remains even after marriage. The daughter has the right to sell, donate or demand partition of her share of the property.

    Daughter’s right in self-acquired property

    A daughter’s right on her father’s self-acquired property is entirely dependent on the father’s will. If the father dies without a will, then this property is divided equally among all the legal heirs. In this situation, the daughter is also considered a legal heir.

    Rights of daughters after marriage

    Even after marriage, daughters retain their rights over their father’s property. The 2005 amendment ensured that married daughters also get an equal share in the property.

    Right to property after father’s death

    After the demise of the father, if there is no will, the ancestral and self-acquired property is divided equally among all the legal heirs. Daughters are also equal partners as sons in this division.

    Daughter’s rights in Muslim and Christian laws

    Under Muslim law, daughters get half the share in property as compared to sons. However, Christian law provides equal rights to daughters.

    Legal battle for daughters over property rights

    If daughters are not given their rights, they can resort to court. In 2020, the Supreme Court gave a historic verdict that the rights of daughters will not depend on the date of survival or death of the father.

    FAQs

    1. Does a daughter’s right over property end after marriage?
    2. No, a daughter’s right over her father’s property remains intact even after marriage.
    3. Can a father pass on his property to just his son?
    4. Yes, but this is possible only in case of self-acquired property.
    5. Can a daughter demand division of property?
    6. Yes, a daughter can demand division of her father’s property.
    7. How much share does a daughter get under Muslim law? Under Muslim
    8. law, a daughter is given half the share as compared to a son.

    Changes in property rights in India have strengthened the rights of daughters. After the amendment of 2005, daughters are also considered to be equal to sons in property. This right applies from the birth of the daughter and remains even after marriage.

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  • Slurrp’s Great Indian Cookout Season 3 Serves The Best Of Delhi vs Mumbai Rivalry With A Flavourful Twist

    13th December 2024  New Delhi, Delhi, India  The much-awaited Slurrp Great Indian Cookout (GIC) – Season 3 at HTCity Unwind brought together food lovers, culinary experts, and home chefs for an unforgettable celebration of India’s rich culinary heritage in the capital city. Back with a bigger, better and at an extravagant scale, the Great Indian Cookout’s third edition was hosted at the Jawahar Lal Nehru Stadium on the weekend of November 30 and December 1, 2024. The two days were power packed with thrilling cook-offs, mouthwatering flavours, and a vibrant cultural experience.

    This year’s theme, Delhi vs Mumbai, set the stage for an epic clash of flavours, highlighting iconic street food like Vada Pav and Chole Bhature and traditional recipes from both cities with iconic culinary hits. Homechefs and culinary enthusiasts competed in high-energy cookouts by integrating local ingredients to create innovative dishes. Celebrating the best of Delhi and Mumbai, the event featured celebrity chefs Kunal Kapur, Harpal Singh Sokhi, Nishant Choubey, Gurkirat Singh, Kamaldeep Kaur, and Vaibhav Bhargava, alongside home chefs Puja Bansal, Shail Swamy, Renu Tyagi, Gayatri Singh, Tanu Mittal, and Nidhi Sehgal, who showcased their culinary prowess.

    During the weekend, this stellar lineup of celebrity chefs engaged with the audience through informative sessions, workshops, and lively panel discussions. Chef Kunal Kapur also hosted an exceptional masterclass on Amritsari Khatte Ladoo ki Chaat and Punjabi Til Bhugga.

    Mr. Anil Gurnani, Chief Sales and Marketing Officer, and J.Justin Antony, Head – Media, PR & Brand Communication, TTK Prestige, said, “We were extremely delighted to witness top chefs in action and feel the enthusiasm from the audience. As a brand, it’s always a pleasure to see such positive energy surrounding our products. A big thanks to the Slurrp team for organizing a well-thought-out cookout that highlighted the versatility of Prestige products and why they are essential in Indian kitchens.”

    Commenting on a successful run of the culinary festival, Avinash Mudaliar CEO and Co-founder of HT Labs, said, “This season’s Delhi vs Mumbai theme has been a testament to the diversity of these cities’ iconic cuisines, and we are elated to have brought this culinary showdown to life. The presence of celebrity chefs, who are also Indian culinary icons for home chefs across the country added immense value to the experience. We are looking forward to celebrating the success of the Great Indian Cookout Season 3 and are optimistic to bring forth a bigger experience of culinary excellence next year, once again.”

    The event therefore not only showcased the immense talent of Slurrp’s strong community of 7+ lakh home chefs across India, but also became an occasion to celebrate the recent gold trophy win for community building at the E4M Maddies 2024 Awards. The victory was announced by Avinash Mudaliar on-stage with Chef Harpal Singh Sokhi and Chef Nishant Choubey, and the crowd consisting of home chefs and Delhi-based foodies erupted in joy. With this, the Delhi edition of the event was wrapped up.

    The Slurrp Great Indian Cookout Season 3 will culminate in a grand finale in Mumbai on December 15, 2024, from 12:30 PM to 6:00 PM at Phoenix Marketcity Mumbai, where celebrity chef Harpal Singh Sokhi and two other masterchefs will join the event to crown the ultimate winner of this ultimate food showdown between Delhi and Mumbai.

    The event was presented by the iconic TTK Prestige as the title sponsor, powered by Vikram Tea and Goldiee Masale as proud partners, ensuring a premium experience for all attendees and participants.


    Mansi Praharaj

  • AGI Greenpac Limited Expands Global Footprint with New Dubai Office

    AGI Greenpac Limited Expands Global Footprint with New Dubai OfficeIndia, December 12th, 2024: AGI Greenpac Limited, a focused Indian packaging products company with glass packaging, PET products and security caps & closure businesses has expanded its global footprint with the inauguration of its regional office in Dubai. This strategic move positions the company to better serve its customers in the Middle East and capitalize on the region’s growing demand for high-quality packaging solutions.

    The Middle East glass packaging sector is poised for significant growth, projected to reach USD 12.44 billion by 2029, growing at a CAGR of 5.41% (Source: Mordor Intelligence). Food and beverage sectors are the largest consumers, followed closely by pharmaceuticals and personal care, creating an ideal environment for AGI Greenpac’s high-quality, durable glass packaging and security caps and closure products.

    Leveraging Dubai’s strategic location and strong focus on sustainability, AGI Greenpac’s new office will serve as a gateway to the Middle East market. The company will focus on building strong partnerships with local businesses and adapting its product offerings to meet specific regional requirements.

    Mr. Raed Bukhatir, SAIF Zone’s Director of Commercial, graced the occasion of Dubai office inauguration along with key executives from AGI Greenpac Limited, Mr. Rajesh Khosla – CEO, AGI Greenpac Limited, Mr. O.P. Pandey – CFO, AGI Greenpac Limited, and Mr. Manpreet Singh – President of International Sales & Chief Strategy Officer, AGI Greenpac Limited.

    “The opening of AGI Greenpac’s Dubai office marks a pivotal step towards becoming a global player in packaging products solutions,” said Rajesh Khosla – Chief Operating Officer, AGI Greenpac Limited. “With the Middle East showing significant demand across the food, beverage, and pharmaceutical sectors, we are excited to establish a stronger presence in this region. Our Dubai office will help us to better serve our customers by providing high-quality packaging products solutions tailored to their specific needs.”

    Manpreet Singh, President – President of International Sales & Chief Strategy Officer, AGI Greenpac Limited, added, “The opening of our Dubai office marks a strategic milestone for our company. This new office will allow us to strengthen our presence in the Middle East, fostering deeper customer relationships, adapting to local market dynamics, and delivering innovative, sustainable packaging solutions.”

    AGI Greenpac has committed $27.34 million USD (₹230 crore) in FY25 to future-proof its manufacturing operations. The investment will focus on advanced furnaces and technology upgrades, enabling the company to debottleneck its production capacity and enhance product quality and consistency.

    By expanding its global footprint, AGI Greenpac reaffirms its commitment to providing sustainable packaging product solutions that meet the needs of its customers worldwide.


    Mansi Praharaj