Tag: global

  • Emerging APAC Cross-border Payment Solution Company SentBe Enters the Global $5.9 Billion Digital Overseas Remittance Market

    By 2031, the digital overseas remittance market, expected to grow annually by 22%, will likely reach $45.2 billion. In this burgeoning market, SentBe, led by CEO Alex Seong-Ouk Choi, has announced its definitive entry. Following the June introduction of the API-based B2B payment solution ‘SentBiz KRW Collection’, supporting seamless international business payments for foreign enterprises requiring Korean Won collection and multi-currency settlements, SentBe is poised to expand its personal small-scale overseas remittance service regionally on a global scale.

    SentBe

    Recent studies by global market research platform Business Research have forecast the digital overseas remittance market, worth $5.9 billion in 2022, to grow at a 22% annual rate, reaching $45.2 billion by 2031. The rise in migrant workers and the increasing prevalence of easy and quick remittance options, compared to traditional banking services, are accelerating this growth.

    In response, SentBe is intensifying its direct global market entry, capitalizing on its competitive edge in digital overseas remittance services. Having established a corporation in Singapore, Asia’s forex financial hub, SentBe is bolstering its competitiveness in providing overseas remittance and payment services, utilizing its efficiency, ease of use, and customer accessibility. SentBe’s remittance services are well-recognized for their low fees, rapid processing, 24/7 availability, and recipient-friendly options.

    Established in 2015, SentBe strives toward its mission of “A World Without Financial Borders,” developing a broad global partnership network and building a business infrastructure aligned with global standards. SentBe showcases both the individual small-scale overseas remittance service ‘SentBe’ and the business-focused overseas remittance and payment solution ‘SentBiz’.

    Particularly noteworthy, SentBe initiated its C2C service in 2016, focusing initially on migrant workers within Korea. This service was distinguished by its safety, convenience, and competitively low fees. Following its domestic success, SentBe expanded this service across various Asian countries, including Singapore and Indonesia, based on its strong performance and positive reception. As SentBe prepares for its entry into the global market, the C2C service is set to broaden significantly. This expansion will cater not only to migrant workers and Korean expatriates within the countries where the service is offered but also to students and other long-term residents from Korea, effectively making SentBe’s services accessible to a global audience.

    Currently, SentBe’s C2C service supports remittances to over 50 countries globally, including the United States, Thailand, the Philippines, and Malaysia, with the capability to complete transactions within a single day. Offering remittance fees that are up to 90% lower compared to conventional banks, this service has become increasingly popular among migrant workers in Korea and across Asia. According to SentBe’s 2023 Business Impact Report, from 2016 to 2023, migrant workers using the C2C service have saved a total of $264 million in fees. Notably, 71% of these transactions have been remittances sent back to Southeast Asia, indicating that the savings on fees significantly boosted the amount of money workers could send home. Looking forward, SentBe is committed to further refining the remittance process, drawing on its comprehensive understanding of the remittance needs and experiences of migrant workers from Asia, including those in Korea, Indonesia, and Singapore.

    Additionally, SentBe is significantly enhancing cost reduction and operational efficiency for both domestic and international companies through its proprietary API settlement solution, ‘SentBiz’. This service offers tailored financial solutions to global corporations that require local settlements in individual countries. From 2020 to 2023, companies utilizing SentBiz have realized a total of $76 million in fee savings. The recently launched SentBiz KRW Collection, for instance, provides a comprehensive one-stop service for international money transfer operators (MTOs), payment gateway (PG) providers, and global e-commerce platforms that need to collect Korean Won within the Korean market. This service simplifies complex financial processes by offering features such as multi-currency settlements in 31 global currencies across 174 countries, enabling payment without the need for currency exchange through the use of secure virtual accounts

    CEO Alex Seong-Ouk Choi of SentBe said, ‘We are continually researching the affordability, accessibility, and inclusiveness of SentBe’s offerings, as evidenced by our 2023 Business Impact Report. Notably, 68% of transactions through our personal small-scale overseas remittance service occurred outside of traditional banking hours, and it was found that approximately 80% of transactions from our B2B client’s single requests consisted of multiple transactions, which were often processed on the same day. For corporate clients, eliminating the need to visit a bank not only enhanced accessibility but also significantly improved their operational efficiency. Although usage patterns vary among customers, 92% of all transactions across these services were completed within 24 hours of the request, and 90% of transactions over weekends were completed within one day. The reason both individual and corporate clients are highly satisfied with SentBe’s services is that they offer the convenience of handling multiple transactions swiftly and outside of regular banking hours, which is not possible with traditional financial institutions.’”

    CEO Choi added, “The widespread adoption of our online remittance services by both individuals and businesses has significantly contributed to the rapid growth of the digital overseas remittance market. As SentBe continues to expand internationally, leveraging our innovative solutions, unique business infrastructure, and secure management capabilities, we aim to be recognized as a leading cross-border payment solution company in the global fintech payment/remittance sector.”

    Meanwhile, SentBe continues to drive sustainable growth and expand its geographical and service reach in the global market, based on its achievements in Korea and Asia. It operates a dedicated in-house Legal & Compliance Division, comprising domestic and international financial legal experts, ensuring compliance with global laws and managing foreign exchange risks. With over 80 global partnerships, SentBe maintains an information security system and safety standards that meet global criteria. Moreover, SentBe is the first and only Korean fintech firm to have acquired a Singapore Cross-border Money Transfer Service License from the Monetary Authority of Singapore (MAS) in 2020, solidifying its robust legal foundation for handling international remittance and payment transactions.


    Neel Achary

  • Sensex closes higher on positive global sentiment

    sensex

    Sensex closes higher on positive global sentimentIANS

    Indian equity indices closed in the green on Wednesday supported by positive action in global markets.

    At closing, the Sensex was 149.85 points or 0.19 per cent higher at 79,105.88 and Nifty closed marginally higher by 4.75 points at 24,143.75.

    A selling trend was seen in midcap and smallcap shares.

    The Nifty Midcap 100 index fell 334.45 points or 0.59 per cent to 56,547.05 and the Nifty Smallcap 100 index fell 116.15 points or 0.64 per cent to 18,087.50.

    Among the NSE indices, IT, service sector and consumption were in the green.

    PSU Bank, pharma, FMCG, metal and realty were the major laggards.

    On the Bombay Stock Exchange (BSE), 2,408 shares closed in the red, 1,511 shares in the green and 117 shares closed without any change.

    sensex

    Among the NSE indices, IT, service sector and consumption were in the greenIANS

    Vikram Kasat, Head, Advisory of Prabhudas Lilladher said, “The overall market sentiment was muted, driven by gains in the IT sector, while the metals sector saw the steepest decline.

    “The Supreme Court’s recent ruling allowing states to recover past tax dues from April 2005, without any interest, is negative for the entire metals sector.”

    “This ruling could also impact cement companies and may contribute to rising inflation, which in turn could delay potential rate cuts,” he added.

    The volatility index, INDIA VIX, cooled off by 4.40 per cent, settling at 15.46, indicating a reduction in market volatility.

    In the Sensex pack, TCS, HCL Tech, Tech Mahindra, Infosys, M&M, Wipro and Bharti Airtel were the top gainers.

    UltraTech Cement, JSW Steel, Tata Steel, Power Grid, IndusInd Bank, Bajaj Finserv, Axis Bank and ICICI Bank were the top losers.

    “The domestic market traded within a narrow range; even as global markets saw a positive turnaround. Investors adopted a cautious stance due to weak domestic sentiment and the risk of earnings downgrades,” other market experts said.

    (With inputs from IANS)

  • Tembo Global Industries Limited Announces Financial Results for the Quarter Ended June 30, 2024

    Tembo Global Industries Limited, a prominent player in the industrial sector with expertise in engineering mechanics, design load calculations, drawings, specifications, manufacturing, supply, and project execution for sectors such as oil and gas, chemicals, construction, power, shipbuilding, nuclear power, HVAC, Anti-Vibration Systems, and various industrial, commercial, utility, and OEM installations, is pleased to announce its impressive financial performance for the quarter ended June 30, 2024. Renowned for its export-oriented operations and holding the prestigious Star Export House certification, the company also engages in trading metal products and textiles. Despite the challenging economic landscape, Tembo Global Industries has demonstrated robust performance, underscoring its resilience and strategic excellence in the market.

    Key Highlights:

    • Revenue from Operations: Rs. 12,840.95 lakhs for Q1 FY24, compared to Rs. 7,997.85 lakhs in Q1 FY23.
    • Total Income from Operations: Rs. 12,973.01 lakhs, up from Rs. 7,998.19 lakhs in the same quarter of the previous year.
    • Profit Before Tax: Rs. 724.91 lakhs, compared to Rs. 222.90 lakhs in Q1 FY23.
    • Profit After Tax: Rs. 537.33 lakhs, up from Rs. 167.92 lakhs in Q1 FY23.
    • Earnings Per Share (Basic): Rs. 4.82 for Q1 FY24, compared to Rs. 1.51 in Q1 FY23.

    On a consolidated basis, Tembo Global Industries reported:

    • Revenue from Operations: Rs. 12,841.01 lakhs, an increase from Rs. 8,109.40 lakhs in Q1 FY23.
    • Profit Before Tax: Rs. 729.14 lakhs, compared to Rs. 250.52 lakhs in Q1 FY23.
    • Profit After Tax: Rs. 541.56 lakhs, up from Rs. 188.59 lakhs in Q1 FY23.
    • Earnings Per Share (Basic): Rs. 4.85, compared to Rs. 1.70 in Q1 FY23.

    Mr. Sanjay J Patel, Managing Director of Tembo Global Industries Limited, commented, “We are pleased to report a robust performance for the first quarter of the fiscal year 2024. Our revenue and profitability have shown substantial growth, reflecting the effectiveness of our strategic initiatives and operational efficiencies. The increase in revenue and profit is a testament to our team’s dedication and our strong market presence. We remain committed to driving sustainable growth and delivering value to our shareholders. Looking ahead, we are optimistic about maintaining this positive trajectory and capitalizing on new opportunities for expansion.”


    Mansi Praharaj

  • Global demand muted, gradual improvement expected: TataMotors

    New Delhi: Tata Motors expects demand to remain sluggish in overseas markets this fiscal while pinning hopes on a gradual bounce back in the domestic market on the back of new launches and the upcoming festive season.

    Earlier this month, the Mumbai-based automaker reported a consolidated net profit of Rs 5,566 crore and total income of Rs 1,09,623 crore for June quarter. “Overall, from a demand perspective, we do anticipate that as far as the global demand is concerned, it is likely to remain muted. It has been that way. It’s likely to remain muted. No immediate changes there,” Tata Motors Global CFO PB Balaji said in an analyst call.

    In the domestic market, the company expects a gradual improvement in demand during the rest of the year aided by government plans to invest on infrastructure, healthy monsoons, favourable overall economic macros, new launches and upcoming festive period, he noted. “So there is a need for absolute reason why there is optimism as far as the domestic demand buildup is concerned, how gradual it’s going to be, we will have to wait and see,” Balaji said. He noted that commodities are also likely to remain range bound and therefore, in this situation, the automaker is confident of sustaining the performance in the coming quarters, and delivering a strong year. “So financials wise, this business is on a strong wicket and is likely to remain that way in the coming quarters and the full year as well,” Balaji said. Passenger vehicle industry retail sales witnessed decline for two consecutive months — May and June, this fiscal.

    Tata Motors Passenger Vehicles MD Shailesh Chandra cited high channel inventory as a notable challenge. “We have an all-time high channel inventory with further buildup which happened in Q1, did add stress on the wholesales.

  • Global Knowledge Campus Offers Placements to Over 100 Students from Pharmacy and ITI Departments

    Global Knowledge Campus Offers Placements to Over 100 Students from Pharmacy and ITI Departments India, August 09th, 2024: In an extraordinary achievement, Global Knowledge Campus, a premier educational institution in West Bengal, successfully placed over 100 students from the Diploma in Pharmacy (D. Pharm.) and ITI (Fitter and Electrician) departments. This landmark event, which took place during the Offer Letter Distribution Ceremony, marks a new chapter in the institution’s history. This success was made possible through valuable partnerships with industry leaders, Med Plus, India, and Dhoot Transmission Pvt. Ltd.

    Med Plus, a leading name in pharmaceutical retail, and Dhoot Transmission, a top manufacturer of automotive wiring harnesses and electrical components, have recognized the outstanding potential of these students. Their endorsements underscore the high-quality education and training provided at the Global Knowledge Campus.

    “We are grateful to the association of Dhoot Transmission Pvt. Ltd., and I appreciate the dedication of our fellow students, which is truly commendable. I have no doubt that our students will excel in their careers. It is a great honor to call on my students, and I look forward to witnessing their future successes. We are always there and can assure my students that the Global Knowledge Campus will always support them,” remarked Mr. Subhojit Mukhopadhyay , Principal of Global Private ITI.

    Prof. (Dr.) N. N. Bala, Principal of the Global Institute of Pharmaceutical Technology, said, “I congratulate all the achievers and take a moment to appreciate the education faculty for making it possible and helping our students to achieve. Best wishes to all of them.”

    On embarking on the successful placement drive, Mr. Subhankar Das, Executive Chairman of Global Knowledge Campus, mentioned, “This achievement is a proud moment for our institution. The success of our students in securing these placements is a testament to their hard work and our commitment to providing a nurturing and enriching educational experience. We are thrilled to support our students as they embark on these exciting career opportunities.”

    Global Knowledge Campus has consistently demonstrated its commitment to student success with a history of facilitating prestigious placements. This year’s unprecedented achievement of placing over 100 students is a testament to the institution’s dedication to excellence in education and industry engagement.

  • Manthan School hosts global university festival in Hyderabad

    Manthan School hosts global university festival in Hyderabad
    Students of Manthan interacting with University delegates during the Future Pathways University Festival

    Hyderabad, August 10th 2024: Over 100 universities from across the globe attended in the Future Pathways Festival organised by Manthan School. The event saw participation of universities from India, US, UK, Canada, New Zealand and Australia. The festival was a remarkable achievement, attracting high school parents and students who greatly benefited from engaging discussions with university representatives at the table fair. It was further enriched by interactive breakout sessions that were seamlessly incorporated into the event.

    “The festival provided me with invaluable insights. I now have a much clearer idea of which stream to choose for my higher education and which colleges would be the best fit for me,” exclaimed a student of Manthan. Meanwhile, a parent of a 12th grader expressed his appreciation for the school’s initiative. “I had the opportunity to meet delegates from many universities where I hope to enroll my child, and now I can make a much more informed decision.” he said. Ms. Fairina Siddiqui, the College & Career Counsellor at Manthan, expressed, “By facilitating direct engagement between students, parents, and leading universities, the Future Pathways Festival at Manthan has significantly empowered our student community to make informed decisions about their college and career pathways. This event underscores our commitment to guiding student aspirations, while also providing universities with valuable insights into the dynamic environment and high calibre of our students”.

    Mr. Surjeet Singh, Principal of Manthan School said, “I congratulate and extend my best wishes to all the university representatives who attended the University Festival. It is an honour for us to have delegates from such prestigious institutions at our school. The congregation has been a very fruitful and gaining experience for Manthan’s parents and student community. It fills me with a sense of accomplishment to see so many students and their parents be a part of the University festival with such enthusiasm and anticipations for their academic future.”

    This exposure not only helped broaden perspectives of students and parents, but also empowered them with a comprehensive understanding of the factors to consider making well-informed choices about their future pathways.

  • Sensex trades higher on strong global cues

    sensex

    IANS

    Indian equity indices opened with gains on Friday, following positive global cues. At 9:33 a.m., Sensex was up 867 points or 1.07 per cent at 79,730 and Nifty was at 24,374, up 257 points or 1.07 per cent. Buying is also seen in the midcap and smallcap stocks.

    Nifty midcap 100 index is up 515 points or 0.91 per cent at 57,196 and Nifty smallcap 100 index is up 185 points or 1.01 per cent at 18,492. India VIX, an indicator that shows volatility in the stock market is down by 5.72 per cent at 15.65.

    Almost all NSE indices are trading in the green. Auto, IT, metal, realty, energy and media are major gainers. All 30 stocks in Sensex are trading in the green. Tech Mahindra, HCL Tech, Tata Motors, M&M, TCS and Wipro are the top gainers.

    Sensex

    Major Asian markets are in the green. Tokyo, Shanghai, Seoul and Bangkok are the major gainers. The US market closed in the green on Thursday following jobless claims, fell more than expected.

    The foreign institutional investors (FIIs) sold equities worth Rs 2,626 crore on August 8, while domestic institutional investors bought equities worth Rs 577 crore on the same day.

    Choice Broking said: “After a gap-up opening, Nifty can find support at 24,150 followed by 24,100 and 24,000. On the higher side, 24,400 can be an immediate resistance, followed by 24,450 and 24,500.”

    “The sharp rebound in US markets yesterday indicates that the recession fears were a bit overdone. The latest initial jobless claims came lower than expected indicating that the labour market is not loosening as many sceptics feared. However, it is important to understand that the US economy is slowing down, and along with the struggling Chinese economy, it can pull down global growth in the near term,” another expert said. 

    (With inputs from IANS)

  • UN Approves First Global Cybercrime Treaty Amid Rising Cybercrimes

    In a significant move towards combating the growing threat of cybercrime, the United Nations passed its first cybercrime treaty with unanimous support. This treaty, which was initially proposed by Russia, aims to establish a global legal framework for addressing cybercrime and enhancing international cooperation on digital evidence sharing.

    The treaty’s passage marks a historic moment as it creates a binding international agreement on cybercrime, an area that has seen exponential growth in both scale and complexity. The treaty is expected to be ratified by at least 40 member states before it comes into force, focusing on crimes like child exploitation, money laundering, and other severe cyber offenses.

    While many nations, particularly those with less developed cyber infrastructures, have hailed the treaty as a much-needed tool to counter the threat of cybercrime, the agreement has not been without its critics. Human rights organizations and tech companies have expressed concerns that the treaty could pave the way for increased surveillance and repression. Critics argue that the treaty’s provisions could be used by repressive governments to stifle free speech and target journalists, activists, and minority groups.

    Jharkhand CID Dismantles International Cyber Slavery Network

    One of the central points of contention is the treaty’s allowance for cross-border data requests, which could lead to governments accessing electronic evidence from other nations without sufficient safeguards. This has raised alarms about potential abuses, particularly in countries with weak legal protections for privacy and human rights.

    Despite these concerns, the treaty was adopted after three years of negotiations, during which various states and interest groups sought to influence the final text. The Ad Hoc Committee on Cybercrime, which led the drafting process, made some amendments to address human rights concerns, but many believe these changes do not go far enough. Raman Jit Singh Chima, Senior International Counsel at Access Now, highlighted the risks, stating that the treaty lacks sufficient safeguards to prevent misuse by state authorities.

    Adding to the discussion, Prof. Triveni Singh, a former IPS officer and noted cybercrime expert, supported the treaty’s adoption. “In light of the rising global threat of cybercrime, such an international treaty was long overdue. It provides a framework to crack down on international cyber syndicates and organized crime that operate across borders with impunity,” he said, emphasizing the necessity of international cooperation to tackle these challenges.

    This UN cybercrime treaty represents a delicate balance between advancing global cybersecurity and protecting individual rights. As the treaty moves towards ratification and implementation, the international community will need to remain vigilant to ensure that it is used to combat real threats without compromising human rights.

    The treaty will be presented to the UN General Assembly later this year, where it is expected to receive formal approval, paving the way for its implementation across the globe.

    Follow The420.in on

     TelegramFacebookTwitterLinkedInInstagram and YouTube

  • RBI Projects 7.2% GDP Growth Despite Global Uncertainties

    RBI forecasts 7.2 pc GDP growth on back of rising urban, rural demand

    IANS

    The Reserve Bank of India (RBI) announced a projected GDP growth of 7.2% for India in the fiscal year 2024-25. This projection, made on August 8, 2024, is based on the strength of investment demand, steady urban consumption, and rising rural consumption. The RBI Governor also highlighted the improving monsoon conditions, which are expected to support rural demand, and the steady momentum in manufacturing and services, suggesting a robust urban demand.

    The RBI’s decision to maintain a steady repo rate at 6.50% was influenced by several factors. The central bank is focused on bringing down inflation to its 4% medium-term target. It also aims to support economic growth amidst global economic uncertainties. The resilience of India’s domestic economic activity, the improving monsoon, which supports rural demand, and the steady urban consumption were also considered.

    The RBI also noted the healthy balance sheets of banks and the overall financial stability in its policy decisions. The central bank’s decision to hold the repo rate steady also reflects its assessment of these external factors and their implications for domestic economic conditions.

    The international market, particularly global commodity prices, has played a significant role in the RBI’s policy decisions. The moderation in international commodity prices, including food, energy, and base metals, has been a favorable factor. This eases inflationary pressures, allowing the RBI to maintain a steady monetary policy stance. However, the RBI remains watchful of any potential upward bias in cost-push pressures and the impact of geopolitical events that could disrupt commodity prices and thereby affect inflation expectations and economic stability.

    Reserve Bank Of India

     

    The RBI has taken several measures to support financial stability and encourage economic growth amidst global uncertainties. These include maintaining a steady repo rate to balance inflation control with supporting growth, retaining a hawkish stance to bring down inflation towards the 4% medium-term target, and injecting liquidity through various operations to ensure financial markets function smoothly.

    The RBI has also allowed wider non-resident participation in Sovereign Green Bonds and streamlined the process for on-boarding AePS service providers to enhance financial inclusion. It is encouraging the use of digital payments and exploring the issuance of a digital euro, while also addressing risks in fast markets.

    The central bank is supporting infrastructure development, including the growth of a world-class road network by 2037, and promoting private investment through measures like the RBI Retail Direct Scheme. The RBI is also enhancing the security of digital payments, proposing a principle-based framework for authentication, and allowing Small Finance Banks to use more interest rate derivative products for hedging.

    It is considering the introduction of offline capability for CBDC retail payments to improve access in areas with limited internet connectivity. The RBI is also facilitating investment and trading in IFSC to attract foreign participation and deepen financial markets. These measures reflect a comprehensive approach to maintain financial stability, encourage investment, and sustain economic growth in a challenging global environment.

    The RBI’s recent policy decisions and measures reflect a proactive and comprehensive approach to managing the challenges posed by global economic uncertainties. By balancing inflation control with growth support, enhancing financial inclusion, promoting digital payments, and supporting infrastructure development, the RBI is working to ensure financial stability and sustain economic growth in India. The central bank’s actions are reminiscent of similar measures taken by central banks worldwide during periods of economic uncertainty, demonstrating its commitment to maintaining India’s economic resilience in the face of global challenges.

  • Vikas Sharma Joins Locomotive Global Media as Head of Film Projects

    Vikas Sharma Joins Locomotive Global Media as Head of Film Projects

    Global Media, Locomotive Global media, Vikas Sharma

    08 August 2024; Mumbai, India: Locomotive Global Media, an international production company based in Mumbai, bolsters its leadership team with the appointment of Vikas Sharma as Head of Film Projects. In his new role, Vikas will oversee the development, acquisitions and business for the nascent film division at the company.  

    Vikas brings along with him a wealth of knowledge and expertise gained from his experience, stretching over a decade in the media and entertainment industry. Prior to joining Locomotive Global Media, Vikas served as Associate Producer at Bandra West Pictures for eight years, where he worked closely with renowned director Raja Krishna Menon. Vikas holds a postgraduate degree in Business Management from the University of California, Los Angeles.

    Locomotive Global Media Speak

    Speaking on the new appointment, Sunder Aaron, Co-Founder and Managing Partner, Locomotive Global Inc., said, “We are thrilled to have Vikas Sharma join the Locomotive Global Media family. His vision for storytelling, combined with a deep understanding of both Indian and international markets, aligns perfectly with our mission to produce compelling, world-class content. Vikas brings his unique creative perspective to each project that is married with a keen commercial understanding of what works in the Indian market. We trust that he will be able to deliver stories and narratives that not only resonate deeply with Indian audiences but also capture the imagination of viewers worldwide.”

    Locomotive Global Media Appointments

    Commenting on his appointment, Sharma said, “I am deeply grateful to Sunder for this opportunity and his confidence in me. Together, we are focused on crafting content with both Indian and global appeal that importantly also ensures profitability. As India embraces its moment on the world stage demonstrated by non-mainstream films like ‘Kill’, ‘All We Imagine as Light’, and even ‘Monkey Man’, we’re excited to invest time and resources in film projects that are aligned with the company’s global objectives and brand ethos, while helping to establish Locomotive Global Media as a leading boutique studio. We are particularly excited about projects in the horror and thriller genre that possess an elevated approach to their storytelling.”

    Vikas Sharma will report into Sunder Aaron of Locomotive Global Media. He is based out of Mumbai and his appointment is with immediate effect.

    ——————————————————————————————————————————————

    About Locomotive Global Media:

    Locomotive Global Media (LGM) is a premier content creation powerhouse, developing, producing, and distributing original scripted television and film content. Founded with a vision to tell compelling stories rooted in India, LGM bridges the gap between local narratives and global audiences. The company boasts several high-calibre projects in various stages of production, financing, and development. A standout project is “Rana Naidu,” the Hindi adaptation of the acclaimed Showtime series “Ray Donovan.” Commissioned by Netflix India, this series stars Rana Daggubati and Venkatesh and premiered worldwide on March 10, 2023. Season Two is currently in production. With a commitment to quality and innovation, LGM continues to elevate the standard of Indian storytelling, making a significant impact on the global entertainment landscape.