Tata Realty has sold two shopping malls in Nagpur and Amritsar to Singapore-based Virtuous Retail South Asia for Rs 700 crore. Virtuous Retail South Asia Pte Ltd (VRSA) is the retail arm of private equity firm Xander. The shopping mall at Amritsar, Punjab, has a leasable area of one million square feet while the mall in Nagpur has 7,00,000 square feet area. VRSA said in a statement that it has acquired “Trilium retail shopping center portfolio from Tata Realty for Rs 700 crore (USD 100 million).”..

RESONANCE Pre-Foundation Career Care Program or PCCP division for class VII to X celebrated ‘Reso –Goonj’ - its felicitation and award function. This event is organised annually by Resonance- the name synonymous with quality education and consistent results. The students who perform consistently in all the academics and co-curricular activities of Resonance throughout the year are felicitated in the event...

In some good news to the millions graduates and also to the education system in the country as a whole, where for many years as much as 70 percent of the professional degree holders were found to be unemployable, a survey has found that nearly half of the fresh pass-outs are employable now. The survey, however, does not speak about the jobs scenario given the shape of the economy due to the high capacity underutilization prevalent in across most industry segments for many years now. According to the ..

The Energy Forum of Vidarbha Industries Association (VIA) will be conducting a meeting to discuss issues related to solar on December 11 at 5.00 pm at VIA Auditorium, Udyog Bhawan, Civil Lines, Nagpur. R B Goneka, Director of MSEB Holding Co. Ltd. and Vice President of VIA will brief with respect to views of VIA and the suggestions sent to the MERC. P M Parlewar, Director - MSME DI Nagpur will attend the meeting...

Chief Economic Advisor K V Subramanian on Tuesday said reforms are necessary to enhance productivity in the economy and unshackle the entrepreneurial spirits. Insolvency and Bankruptcy Code, goods and services tax (GST) and programmes such as Pradhan Mantri Jan Dhan Yojana are some of the measures taken by the government towards reforms, Subramanian said at the ‘FICCI Arise Conference: Future Ready Learners and Schools’...

Solar manufacturers are observing hunger strike here in the city against the proposed Renewable Energy Policy (RE Policy 2019) by Maharashtra Electricity Regulatory Commission (MERC). The agitating manufacturers including Devendra Govind Ranade, Director M M Solar Pvt. Ltd.; Amit Deotale, Director Green Life Solutions Pvt. Ltd; and Pankaj Gade of Ishaan Energy Savers Nagpur are on strike from December 7 at Diksha Bhumi Square, Nagpur. More than 150 dealers and manufacturers including members of the ..

ITS dream of everyone to have a luxurious house which includes stylish furniture and interior too. People spend on home and furniture to the best of their capacity, said Dhiraj Bothra, Director of Lifestyle Furniture and Interior Mall while talking to The Hitavada on Monday. “Craze for furniture will always remain like gold, car and other luxury items. Furniture demand can be postponed but not cancelled,” Bothra said. He said that a person’s financial resources usually gets exhausted while constructing ..

While checking out from a Ritz Carlton hotel, a child forgot his stuffed giraffe toy and to console the crying boy his father made up a story that the ‘giraffe’ was taking an ‘extended vacation’. Though the guest had called up the hotel requesting to find the toy and send it across, it would still take couple of days before the toy reaches the guests. Meanwhile, to make the father’s story seem true, Ritz Carlton took pictures of the ‘giraffe’ in various poses – taking a sunbath besides the pool, getting ..

Despite rising unemployment levels, which had hit a four decade high in FY19, the freshers are still looking for the best salary package on the offer while deciding to accept a new offer, says a study which also lists a delayed response as a major turn-off for them. For 54 percent of the freshers pay is the most important consideration while applying for their first full- time job, says a survey by the Workforce Institute at Kronos and Future Workplace. Money becomes increasingly important the older ..

HYUNDAI Motor India Limited, the country’s largest passenger car exporter and the second largest automobile manufacturer, in order to extend the advantage of its excellent services to a larger number of customers has launched its 29th nation-wide ‘Free Car Care Clinic’ from December 6 to December 15. This event was inaugurated by Aadhar Rahate, a loyal Hyundai customer in the presence of Gautam Kale, Director of Ketan Hyundai and the entire service team...

Directorate of Industrial Safety and Health, Maharashtra and Late Narayan Meghaji Lokhande Maharashtra Institute of Labour Studies, Mumbai jointly organised three days workshop on ‘Industrial Chem Safety’ for Nagpur and Akola regions. Jayant Moharkar, Additional Director of Industrial Safety & Health (DISH), Nagpur, informed about objective of organising the three days workshop under the guidance of Dr Mahendra Kalyankar, Director of Industrial Safety & Health, Mumbai. Such type of workshop was conducted ..

THE Unified Payments Interface (UPI) system may not see many new players entering the space as it has got aggregated with few players, according to a report. As a payment product, UPI will continue to scale with more innovative use cases coming in and will remain default payment gateway for the country, said a report by The Digital Fifth. While UPI has enabled innovation in the payment space, it has resulted in larger players taking complete control of the market, it said...

Acting tough against the tax evaders, the Government has started disabling e-Way Bill generation facility of taxpayers in case of non-filing of two or more consecutive GSTR 3B Return on GST portal. The Goods and Services Tax Identification Number (GSTIN) of such blocked taxpayers cannot be used to generate the e-Way Bills either as consignor or consignee, said P K Agrawal, Principal Commissioner of CGST Department, Nagpur while talking to The Hitavada...

WEDDING season means gifts, presents and buying family needed home appliances for the newly weds. On such occasion, its a matter of pleasure if a person gets special attractive offers from the shop of their choice. Keeping this in mind, Bapat Shop has introduced ‘Shubh Mangal Combo Offer’ for its customers. Under the offer, customer can avail huge discount on purchase of two or three products together. On purchase of Glen stove, Racord geyser 6 litre and Philips mixer costing Rs 18,375 will be available ..

REVERSING their buying trend, foreign portfolio investors (FPI) turned net sellers in December with a net outflow of Rs 244 crore from the capital markets amid subdued economic data. According to the depositories data, foreign investors pulled out a net sum of Rs 1,668.8 crore from equities. Foreign portfolio investors (FPI), however, invested Rs 1,424.6 crore on a net basis in the debt segment, resulting in a total net outflow of Rs 244.2 crore in December so far...

Highlighting the importance of saving energy costs for homes and businesses, Bhavana Chittawar, Co-founder of FinEffi Energy Solutions said, “In order to reduce electricity bills people will have to explore and install super energy saving products which are available in the market. Installing these products can ensure savings between 20 per cent to 40 per cent on the energy costs.” She was speaking in an exclusive interview to The Hitavada. Day by day people are spending more on hefty electricity ..

SRM Institute of Science and Technology (SRMIST), Kattankulathur, won the annual ‘Swachhta Ranking Award’, under the Residential University category, at the All India Council for Technical Education (AICTE). SRMIST won this recognition at the third edition of Swachhata Ranking Award event which was held on December 3, 2019 at AICTE headquarter in New Delhi. The awards were received by Registrar of SRMIST Dr N Sethuraman, Dean - IQAC (Internal Quality Assurance Cell), Prof G Augustine Maniraj Pandian ..

ALMOST 58 per cent stock brokers will invest in ‘algorithmic trading or algos’ as part of their technology software spends in 2020, which indicates precision and speed in execution of trades will continue to be the focus area for them, a survey by ANMI said recently. The StockTech survey, conducted by the Association of National Exchange Members of India (ANMI) that surveyed around 450 trading members across the country, found that besides front-office and back-office software, other technology software ..

Industry chamber CII on Friday suggested that the Government should reduce personal income tax rate and slash corporate tax further to 15 per cent for all companies over three years to boost demand and propel growth.In a pre-Budget consultation meeting with Revenue Secretary Ajay Bhushan Pandey, the Confederation of Indian Industry (CII) recommended focusing on providing impetus to consumption and investment.   CII suggested that in order to bring about uniformity, all corporate tax ..

Six ICAD students qualified the Regional Mathematics Olympiad (RMO). This is highest figure in Nagpur and with this result ICADians continued the legacy of star ICADians.   Overall, 41 Maharashtra State students are qualified for next level Indian National Mathematics Olympiad (INMO). Qualified ICAD prodigies are Anushka Tupkary, Atharva Prabhune, Indrayani Tayde, Raghav Sapre, Soham Dahane and Subhojit Ghosal. Regional Mathematical Olympiad (RMO) is the second stage, after pre-RMO, ..

Eros Hyundai has started 10-day free care clinic from December 6. The clinic is receiving overwhelming response as delighted customers are rushing to avail special car care at exciting discounts, which include 10 per cent on spare parts and upto 30 per cent discount on labour. Also available is a 50-point free check-up for AC, engine, transmission, underbody, electrical, exterior, etc. The clinic was formally inaugurated by one of the customers in the presence of Jamaludeen, Area Parts and Service ..

Roadshow of Plastivision India 2020 Exhibition Conference organised by Vidarbha Plastic Industries Association (VPIA), Nagpur recently at Hotel Centre Point, Nagpur. Chief Guest of the function, Suresh Rathi, President of Vidarbha Industries Association (VIA) in his welcome address said the participants that this expo will encourage various sectors of the industries to take benefits on this exhibition. Rakesh Surana, President VPIA, said that the All India Plastics Manufacturers Association will be ..

Dhananjayrao Gadgil Institute of Cooperative Management established in the year 1972 with consent of the Government of Maharashtra and Government of India to provide Cooperative Training, Education and Consultancy to the personnel working in Cooperative Institutions of Maharashtra state and Cooperative Department of Government of Maharashtra. Apart from providing need based Cooperative Training, Education and Consultancy services, the institute also undertakes recruitment activities for the cooperative ..

WORLDWIDE shipments of Internet of Things (IoT) enterprise drones (defined as flying drones) will total 526,000 units in 2020, an increase of 50 per cent from the previous calendar year, according to research firm Gartner, Inc. Global shipments are forecast to reach 1.3 million units by 2023, it said. “The construction sector is an early adopter of drones, which causes construction monitoring to be the largest use case by shipments worldwide across the forecast,” Kay Sharpington, principal analyst ..

INDIAN banks are likely to take significantly more loan write-offs to reduce bad loans against a backdrop of rising provisions and weak recovery prospects, Fitch Ratings said on Thursday. The state-owned banks account for around 90 per cent of impaired loan stock, and have cumulatively written off nearly USD 30 billion in bad loans in the past three years. “Indian banks' performance for the first half of the financial year ending March 2020 (1HFY20) was characterised by overall weaker loan growth ..

The Lady Entrepreneur’s Wing of Vidarbha Industries Association organised a session on ‘SALES (S– Skilled, A – Action, L - Leads to, E - Excellent & S – Synergy)’ at VIA Auditorium. Santosh Vinayak Panse, Chief Mentor of Sanaru’s Global Life School uttered by establishing an effective synergy at our work place, it requires proper communication, connection and closeness can minimize several challenges of our day to day life. Excellent synergy helps to increase revenue, lower expenses, save time, increase ..

ITS every person’s desire to own a house. They need that kind of house which is centrally located, all the basic amenities should be near their house, there should be no issue of water, no issue of parking and at the end it should be secured and under vigilance. So to fulfill all desire regarding own house ‘Shakoo Shree Buildcom’ has come up with their new and huge project named as ‘Wanjari Palace’ located at Nandanvan Square. Wanjari Palace offers 2 BHK premium flats in which one will have a royal ..

INDIA needs to reform its tariff regime to reduce dependence on discoms and bring new electricity procurement models to boost consumption of renewables by commercial and industrial (C&I) consumers, according to an industry expert. As per a report by WWF-India, C&I consumers account for 51 per cent of the total electricity consumption in India, which is equivalent to 1,130 TWh per annum. “Concerted Government action is required to grow penetration of renewable power for these consumers...

NUJSTER Fitness Studio, one of the premium and truly holistic functional training fitness centres is famous for its group functional training. Nujster Fitness Studio organises various workshops also and this time they are proud to announce that Nujster is hosting a three day Belly Dance workshop with one and only India`s most famous and renowned Belly dancer Eshan Hilal, in which one will be taught all the basics of Belly dancing and given some exercise and drills so that he can continue his practice ..

THE Government’s decision to launch an umbrella debt exchange-traded fund will provide a better opportunity to retail investors for participation in quality public sector bonds at an affordable cost, experts said on Wednesday. They further said the move would also help in deepening and widening the participation in the Indian corporate bond market. The Union Cabinet has approved the launch of exchange traded fund (ETF) for bonds to create an additional source of funding for Central Public Sector Enterprise..

After a successfully conducting “Vendor Development Programme” in association with Maharashtra Metro Rail Corporation Limited (MMRL) here the members of Vidarbha Chapter of Chamber of Small Industry Associations (COSIA) met Dr Brijesh Dixit Managing Director- Metro Rail. Mayank Shukla, Chairman COSIA, led the delegation comprising Core Committee Members Sandeep Darwekar, Anant Kamthikar and Pranav Ambasalkar. The objective of the follow up meeting was to apprise Dr Dixit about the points raised by ..

ALLEN Career Institute conducted the biggest spirituality class for science students, Sanskar Mahotsava on Sunday at Reshimbagh Ground, Nagpur. More than 10,000 science students, parents and faculty members attended the programme. In this confluence of spirituality and science organised in Nagpur, values were infused among the students. The Kalyanotsav of Lord Venkatesh and Goddess Lakshmi was conducted on the lines of Lord Shri Tirupati Balaji temple. Everywhere the devotees were seen enjoying ..

India’s sugar production fell 54 per cent during October-November to 18.85 lakh tonne due to sharp decline in output in Maharashtra where cane crushing started late, according to trade data. Sugar season or marketing year runs from October to September. “Sugar production till November 30, 2019 in the current 2019-20 sugar season is 18.85 lakh tonne, which was 40.69 lakh tonne last year on November 30, 2018,” Indian Sugar Mills Association (ISMA) said in a statement. Only 279 sugar mills were operating ..

SIP Academy India is an Indian arm of SIP Abacus, Maleshiya. It runs a unique ‘skill development programe’ for kids of 7 to 12 years. SIP has recently organised an International and National level Abacus competition at Chennai. Around 4,000 students from 9 countries including India participated in the competition. 17 students from ‘Genius Learning Center’ Ramdaspeth, Nandanvan and Wardhaman Nagar excelled in the competition...

Yash LED Technology Pvt. Ltd, is a Nagpur-based audio visual equipment hire and solution provider. It specializes in organising hi-tech Corporate Medical Conferences pan India. Counted amongst the top three leading AV solution provider for medical conferences, the croup added yet another feather to its cap during the AMASICON Medical Conference organised in Nagpur by transmitting 4K live surgery. Yash LED has become the first company in India to achieve the feat of transmitting 4K live surgery and ..