ICL Fincorp Unveils New NCD Issue Offering Up to 12.62% Yield; Opens July 31

Bengaluru, July 31, 2025:
ICL Fincorp has announced the launch of its latest public issue of Secured Redeemable Non-Convertible Debentures (NCDs), opening on July 31, 2025, with returns of up to 12.62%. The issue will remain open for subscription until August 13, 2025.

This offering follows the strong investor response to previous NCD issues, which were oversubscribed—highlighting continued investor trust in the company. The new NCD issue is rated CRISIL BBB-/Stable, signifying a moderate degree of credit safety.

The NCDs, each with a face value of ₹1,000, are available across 10 scheme options, with interest rates ranging from 10.50% to 12.00%. The minimum application amount is ₹10,000, making it accessible to retail investors and high-net-worth individuals alike.

Proceeds from the issue will be used to fuel ICL Fincorp’s growth strategy and enhance service delivery across its customer base. The initiative reinforces the company’s commitment to offering investor-friendly, stable, and secure financial products.

With a legacy of 34 years, ICL Fincorp has emerged as a trusted NBFC under the leadership of Chairman and Managing Director Adv. K.G. Anilkumar. The company operates in nine states—including Kerala, Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Maharashtra, Odisha, Gujarat, and West Bengal—as it continues expanding towards a pan-India presence.

The recent acquisition of Salem Erode Investments, a BSE-listed NBFC with a legacy of 93 years, has further strengthened the company’s footprint in Tamil Nadu and bolstered its credibility in the financial sector.

ICL Fincorp’s core offerings include Gold Loans, Hire Purchase Loans, and Business Loans, while the broader ICL Group has diversified into sectors such as travel, fashion, diagnostics, and philanthropic ventures.

Jointly led by CMD Adv. K.G. Anilkumar and Mrs. Uma Anilkumar, Whole-Time Director & CEO, the company operates in full compliance with RBI regulations and continues to uphold the values of reliability, transparency, and customer focus.

ICL Fincorp invites investors to take advantage of this high-yield NCD issue and become part of its ongoing journey of financial growth and value creation.

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Dr. Kiran Jeevan Appeals to Karnataka Governor for Immediate Action on Bengaluru’s Failing Infrastructure

BENGALURU, July 31, 2025:
Dr. D. Kiran Jeevan, a professor of social work and an active voice in public policy and civic reform, met the Hon’ble Governor of Karnataka today at Raj Bhavan to raise alarm over the worsening condition of Bengaluru’s infrastructure. The meeting, held at 11:00 a.m., centered on the urgent need for state intervention, particularly regarding the city’s damaged roads and their growing impact on public health and safety.

In a formal letter submitted during the meeting, Dr. Jeevan highlighted concerns received from more than 1,000 residents who reported injuries, spinal issues, and mental stress due to the city’s pothole-ridden streets. “This isn’t just about roads—it’s about health, dignity, and the daily lives of Bengalureans,” he stated.

Expressing his motivation behind the initiative, Dr. Jeevan said, “Bengaluru is not merely a place—it’s an inseparable part of my identity. Our systems aren’t broken—they’re simply waiting to be revived. I approach this not with criticism, but with hope—hope that our city can once again set the standard for smart, inclusive urban development.”

The Governor reportedly responded with empathy and assured Dr. Jeevan that his memorandum and suggestions would be forwarded to the Government of Karnataka for necessary action.

Reaffirming his dedication to constructive civic engagement, Dr. Jeevan emphasized the need for collaboration and systemic reform. He thanked the Governor for his time, concern, and willingness to support the cause of improving the city’s infrastructure.

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Non-Smokers Urged to Undergo Regular Screening

Rising Concern: 1 in 4 Lung Cancer Cases in India Occur Among Non-Smokers, Say Doctors

BENGALURU | August 1, 2025: Lung cancer is no longer a disease confined to smokers. Up to 25% of lung cancer cases in India are now being reported in individuals who have never smoked, and some Indian studies estimate this number could be as high as 40%. Medical experts point to second-hand smoke, indoor air pollution, occupational hazards, and hormonal factors as key contributors.

Speaking on the occasion of Lung Cancer Day, Dr. Radheshyam Naik, Head of Medical Oncology, Hematology & Bone Marrow Transplantation at Sammprada Hospital, Bengaluru, highlighted the growing burden of lung cancer in Indian metros. “Over the past three decades, we’ve seen a steady rise in lung cancer cases across cities like Delhi, Bengaluru, and Chennai — affecting both men and women. Factors such as smoking, worsening air pollution, and improved awareness leading to early detection have contributed to this trend,” he said.

Dr. Naik emphasized that exposure to carcinogens through second-hand smoke, indoor pollutants from the burning of solid fuels (wood, charcoal, cow dung), and occupational environments are major risks for non-smokers. “India ranks fifth globally for air pollution. Nearly half of Indian adults are routinely exposed to second-hand smoke at home, workplaces, or during commutes. Indoor air pollution alone accounts for 4–6% of the country’s lung cancer burden. Alarmingly, 75% of Indian households still rely on solid fuels for cooking,” he noted.

He further added that long-term exposure to incense smoke in poorly ventilated indoor spaces also poses a significant risk. “People who have burned incense indoors for over 40 years face a fourfold higher risk of lung cancer compared to other non-smokers,” he said.

Dr. Vinod K Ramani, Consultant – Preventive Oncology at Sammprada Hospital, explained that both smokers and non-smokers in India are often diagnosed at advanced stages of lung cancer due to overlapping symptoms with tuberculosis. “Persistent cough, chest pain, and weight loss are common to both TB and lung cancer, often leading to misdiagnosis and delayed treatment — particularly in early-stage cases,” he said.

Treatment options for lung cancer today include immunotherapy, targeted therapy, and post-surgical cancer vaccines aimed at preventing recurrence. Dr. Ramani advised that family members of cancer patients should consider themselves at elevated risk and watch for warning signs such as chronic cough, blood in sputum, or unexplained weight loss. “Non-smokers should undergo regular screenings. A full-body MRI every three years is a good preventive step,” he added.

Offering preventive advice, Dr. Vishwajeeth Pai, Consultant – Medical Oncology at Sammprada Hospital, said individuals should wear pollution masks when outdoors in poor air conditions and avoid inhaling emissions from fossil fuels. “Using LPG for cooking rather than for driving vehicles can reduce indoor pollution. Also, homes should be tested for radon gas, a naturally occurring radioactive substance that seeps from underground soil and can significantly raise lung cancer risk,” he cautioned.

With environmental and lifestyle-related factors increasingly contributing to lung cancer, especially among non-smokers, doctors stressed the urgent need for awareness, timely screening, and clean air practices to tackle this growing public health challenge.

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The House of Khodays Marks 80 Years of Excellence in the World of Fine Spirits

BENGALURU, August 1, 2025 — With a proud legacy spanning over 80 years, The House of Khodays has firmly established itself as a pioneer and trusted name in India’s spirits industry. Headquartered in Bengaluru and deeply rooted in tradition, the company has played a pivotal role in shaping the modern Indian liquor landscape, setting benchmarks in quality, craftsmanship, and consumer trust.

Founded in 1906, The House of Khodays initially emerged as one of India’s first producers of quality wines and liquors at a time when the concept of fine spirits was virtually unknown to Indian consumers. By introducing premium products to the domestic market, the company not only pioneered the culture of refined alcohol consumption in India but also laid the foundation for a thriving, home-grown beverage industry.

Speaking at a press meet held at the Press Club of Bangalore, Mr. Aditya Khoday, Director of The House of Khodays, reflected on the brand’s illustrious journey. “Ours is not just a business—it’s a legacy. We have always believed in creating spirits that speak to generations, blending tradition with innovation, and crafting experiences that go beyond the glass,” he said.

Among its celebrated portfolio, Hercules Dark Rum and Hercules White Rum have become enduring symbols of the brand’s excellence. These rums are widely appreciated for their rich aroma, smoothness, and versatility, making them favourites not only across Karnataka but also throughout India and in global markets such as the Middle East and Europe.

A particularly distinguished aspect of the Hercules brand is its deep-rooted association with the Indian Armed Forces. Over the years, Hercules Rums have earned the honour of being called “the spirit of the Armed Forces,” becoming a part of military camaraderie, traditions, and celebrations. They stand not merely as beverages, but as emblems of shared heritage, pride, and unity.

Today, the legacy of Hercules continues to thrive among the younger generation. Gen Z consumers have taken to Hercules Dark and White Rums with the same enthusiasm as their predecessors—enjoying them neat, on the rocks, or as the foundation for innovative cocktails. This multi-generational appeal underscores the timeless charm and adaptability of Khodays’ iconic labels.

As the company celebrates eight decades of excellence in spirit-making, it remains deeply committed to honouring its heritage while looking boldly toward the future. With an unwavering focus on quality, innovation, and customer satisfaction, The House of Khodays continues to lead the way in crafting memorable experiences for connoisseurs and casual drinkers alike.

Company at a Glance:

Established: 1906

Headquarters: Bengaluru, Karnataka, India

Market Presence: Pan-India with a strong footprint across the Middle East and Europe

Flagship Brands: Hercules Dark Rum, Hercules White Rum, Peter Scot Whisky, Red Knight Whisky.

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Bank Pensioners to Stage Hunger Strike and Dharna in Bengaluru on August 2

BENGALURU, August 1, 2025 – The Karnataka unit of the Coordination of Bank Pensioners and Retirees Organisations (CBPRO) will launch a Hunger Strike and Dharna at Freedom Park on August 2, 10Am.This protest is part of CBPRO’s nationwide action programme, which has already seen similar demonstrations in other state capitals and major cities throughout July and August.

Hundreds of former bank employees are expected to participate, pressing the Government of India and the Indian Banks’ Association (IBA) to address long-standing grievances affecting senior and super-senior banking retirees.

Demands of the Protesters:

1. Periodic Pension Updation
Full implementation of Clause 35.1 of the Bank Employees Pension Regulations, ensuring regular pension revisions on par with central government and RBI pension schemes—overdue for more than 30 years.


2. Inclusion of Special Allowance in Pension
Recognition of Special Allowance for superannuation calculations, restoring the basic pension to the agreed 50% of last drawn basic pay instead of the current 31%.


3. Reimbursement of Medical Insurance Premiums
Restoration of government guidelines by transferring medical insurance premium costs back to banks, rather than imposing them on retirees.


4. Parity for SBI Pensioners
Uniform basic pension of 50% of last drawn pay for SBI retirees, with retrospective effect.


5. Coverage for Initially Excluded Retirees
Inclusion of the fewer than 1,000 bank retirees who missed the original pension option, mirroring RBI’s corrective measures.


6. Ex-Gratia for Private Bank Pensioners
Payment of agreed ex-gratia amounts to private bank retirees, eliminating current discrimination.


7. Ex-Gratia for 2024–25
Release of ex-gratia payments for 2024 and 2025 as per the Settlement/Joint Note with unions.


8. Dearness Allowance Rectification
Resolution of discrepancies in the payment of dearness allowance to pensioners.


9. Reversion to the Old Pension Scheme
Abolition of the New Pension Scheme in favour of the Old Pension Scheme to safeguard serving employees and officers from market-linked uncertainties.


10. Consultative Status for Pensioners’ Organisations
Granting formal negotiation rights to CBPRO and affiliated bodies, respecting the principle of engaging senior citizens in dialogue.



CBPRO Convenor A. N. Krishna Murthy, Joint Convenor K. V. Acharya, and other senior members outlined these demands at a press conference held at the Press Club of Bengaluru. They urged the Government and the IBA to respond promptly and honour the genuine demands of bank pensioners and retirees.

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