Bussiness

Vicco adds one more ‘Maharashtra’s Lokpriya Brand Award 2019’ to its cap

 Business Bureau: SANJEEV Pendherkar, Director, Vicco Laboratories was honoured with ‘Maharashtra's Lokpriya Brand Award 2019’ in ‘Best Customer Service’ category in the Mahabrand Ceremony that took place in International Conventional Hall, Bombay Stock Exchange (BSE), on May 18. In the same event, Sanjeev was also designated as ‘The Bright Shining Star’.  These awards seek out and celebrate the individuals, companies and organisations who have managed ..

Walkaroo announces Aamir Khan as its new brand ambassador

 Business Bureau: When it comes to comfort and everyday style, Walkaroo from U4ic (Euphoric) International, a VKC group company is the perfect footwear choice for all. Adding a new milestone to the brand, the company today announced a refreshed brand identity with an attitude and stature that builds preference for the brand amongst the young generation.  Aamir Khan, one of the biggest superstars in the world has been signed up as Walkaroo’s new brand ambassador. The brand campaign ..

Few Indians enjoy luxury of 7 to 8 pairs of footwear: CIFI

  By Niraj Chinchkhede:  Noushad highlighted that the size of Indian footwear industry is about Rs 50,000 crore  As the country is witnessing growth in different spheres of life, changes are reflecting all over. While buying potential of most of the citizens here has gone up in recent past, the taste of people has also changed notably. In a changed scenario, average Indians, especially the youths, have become more fashion conscious so much so that they are going one step ahead ..

Gold imports rise to 54 pc in April

  GOLD imports increased 54 per cent to USD 3.97 billion in April, widening the country’s trade deficit and fuelling worries about the current account deficit (CAD). Imports of the precious metal stood at USD 2.58 billion in April 2018, according to data from the Commerce Ministry. Increase in gold imports pushed the country's trade deficit to a five-month high of USD 15.33 billion in April.  The country’s current account deficit (CAD) widened to 2.5 per cent of gross domestic ..

Specialty chemical market to grow at 12-13 pc over next five years: Report

  THE specialty chemical market is likely to clock a compounded annual growth rate of 12-13 per cent over the next five years, with the intensity of specialty chemicals in end-use domestic markets expected to rise, a report has said. The closure of plants in European Union and China, owing to increasing environmental concerns, has opened doors for Indian manufacturers to invest further in specialty chemicals, according to a report by rating agency Crisil. “While India also faces threat ..

FPIs withdraw Rs 6,399 cr in May

  Overseas investors have pulled out a net amount of Rs 6,399 crore from the Indian capital markets in May so far on the back of election-related uncertainty and the US-China trade tensions. Prior to this, foreign portfolio investors (FPI) were net buyers for three consecutive months. They had infused a net Rs 16,093 crore in April, Rs 45,981 crore in March and Rs 11,182 crore in February in the domestic capital markets (both equity and debt). However, a reversal of the trend has been witnessed ..

‘Need-based, timely finance necessary for MSMEs’

 Business Bureau: Financial Health Clinic is a pathology report based on the financial statements of MSME sector. It diagnosis the week financial parameters of an enterprise, which helps the entrepreneur and professionals take timely corrective measures, said B C Bhartia, National President of CAIT. He was speaking at Financial Health Clinic organised by CreditEnable Mumbai and Team CAIT Nagpur. Bhartia said, it is necessary to review cost of borrowing funds. It is also necessary that finance ..

Telcom companies mount blistering attack on OTT

 Business Bureau: TELECOM players Monday mounted a blistering attack on Over the Top (OTT) service providers like WhatsApp and Facebook, arguing that competing OTTs should be subject to same stringent safeguards as telcos, especially on lawful interception and data localisation aspects.  OTT services refer to applications and services that are accessible over the Internet and ride on an operator's network. Skype, Viber, WhatsApp, Facebook and Hike are some of the popular and widely-used ..

‘Regulatory assets of power sector stand at Rs 76,963 cr’

 Business Bureau: WITH total outstanding regulatory assets of thermal power sector across the country reaching Rs 76,963 crore, the proposed bond issuance programme through the securitisation of such receivables will be beneficial to both invest..

Loan disbursements slowdown to impact borrowers

 Business Bureau: A CONTINUED slowdown in loan disbursements by housing finance company, owing to tight liquidity condition, could have a spillover impact on retail home loan borrowers and property developers, says a report. Loan disbursement in the four quarters to September 2018 averaged Rs 25,000 crore per month for large six housing finance companies (HFCs). Following September 2018, per month average disbursement fell to Rs 13,500 crore as few large HFCs faced serious challenges. “HFCs ..

MES Builders Association elects new body

 Business Bureau: MILITARY Engineering Service (MES) Builders Association of India (MESBAI), Nagpur Branch conducted election in their registered office at Ankush Plaza, Teka Naka, Kamptee Road on Sunday. New executive body for the year 2019-2021 was elected during the election. Quaid Johar was elected as Chairman, T S Plaha as Senior Vice-Chairman, Abhiman Hegde as Vice-Chairman, Naresh Vij as Secretary, G G Raut, as Joint Secretary , Jagvinder Singh Vij as Treasurer. While the elected ..

GST Council to give certainty to taxpayers

 Business Bureau: THE GST Council is likely to consider next month a proposal for setting up a national bench of the Appellate Authority for Advance Ruling (AAAR) to reconcile the contradictory orders on similar issues passed by AARs in different states, a move aimed at providing certainty to taxpayers. Sources said the revenue department is mulling on the idea of a national bench of AAAR since it feels that the Authority for Advance Ruling (AAR) mechanism in its current form is not serving ..

‘RBI’s vision document on payment systems to spur digital economy’

 Business Bureau: The RBI’s ‘Payment Systems Vision 2021’ document would act as a catalyst for promoting digital economy and instill confidence among the general public, fintech companies say. Aiming at a ‘cash-lite’ society, the Reserve Bank of India (RBI) last week released the vision document for ensuring a safe, secure, convenient, quick and affordable e-payment system as it expects the number of digital transactions to increase more than four times to 8,707 ..

PE inflow in real estate doubles in 2017-18

 Business Bureau:  Indian retail real estate sector attracted private equity investment worth USD 1.2 billion during 2017-18 calendar years, double from the previous two years, according to property consultant Anarock. The consultant attributed the sharp rise in private equity (PE) inflow to further liberalisation in FDI policies such as 51 per cent FDI in multi-brand retail and 100 per cent FDI in single-brand retail under the automatic route. From an investment of USD 600 million during ..

‘Platinum Season of Love’ at Karan Kothari Jewellers

 Business Bureau: Karan Kothari Jewellers, one of the most renowned jewellers in Nagpur presents an instore platinum festival -Platinum Season of Love from May 17 to June 16. Platinum Season of Love brings with it extraordinary offers and rewards for consumers and an incredible platinum experience instore with a wide range of platinum jewellery to choose from, this season. Every consumer who purchases platinum jewellery will be eligible to participate in this exciting contest by sharing ..

Gaysons offers special collection for Eid

Business Bureau: Gaysons, Nagpur’s very own shopping paradise for the complete family, announced fresh new arrivals for the auspicious occasion of Eid. A brand new range of ethnic dresses as well as partywear outfits have been added for Men, women and kids. The ladies section has fresh new designs in salwar suits, kurtis, ghararas, lachas, gowns, dress materials as well as Western wear. For men, fresh collection has been added in Pathanis, kurtas, sherwani, blazers, coatsuits, etc.  Ne..

‘Audit of co-op sector from CAs will ensure financial discipline’

 Business Bureau: Speaking at the seminar organised recently by the Nagpur Branch of WIRC of ICAI, Chairperson of Samruddhi Cooperative Bank Ltd., Nagpur and wife of Union Minister Nitin Gadkari - Kanchan Gadkari - said cooperative societies need to be analyzed differently as compared to the other financial institutions. “Besides, because of various constraints driving the operations of societies, discipline need to be maintained in the matter of day to day affairs of the society,” ..

Maharashtra State Cooperative Bank eyeing infra, retail lending

  MAHARASHTRA State Cooperative Bank is looking to enter infrastructure and retail lending segments, to broaden its borrower profile, a senior bank official said recently. The bank continues to be under a Reserve Bank of India-appointed administrator, after its elected board was alleged to have mismanaged the bank. “We cannot have all our lending to the sugar factories (cooperatives) alone.  What if they go down? Therefore, we have decided to diversify and start infra and retail ..

Ficci for more inclusive LTTC policy of Rlys

 Business Bureau:  Industry body Ficci has suggested to the railways ministry various measures Like inclusion of coal and coke in long-term tariff contract(LTTC) policy, to promote growth of steel industry. The policy was unveiled by the ministr..

Techmedico offers chance to win free coaching

 TECHMEDICO has organised ‘Nagpur Ke Secret Superstar’ only for class 10 appeared students. To be a part of this contest one has to whatsapp Aadhaar card on mobile number 9765535583. Selected students will get a chance to win two years fr..

Sony India MD visits Altaf H Vali, Moonlight

 Business Bureau: TEAM Sony India led by the Managing Director Sunil Nayyar recently visited the showrooms of Sony’s Exclusive Alpha Flagship Stores (AFS) Altaf H Vali and Moonlight Studio at Sitabuldi. Both the stores are into camera business since three generations and are the premier camera retailers in central India.  Nayyar was impressed with the state-of-the-art display and selling tools at the both the flagship outlets. He also appreciated the display of Sony’s latest ..

MCED to hold various workshops

 MAHARASHTRA Centre For Entrepreneurship Development (MCED) has organised different workshops which includes workshop on Solar Energy from May 22 to May 25, Cake Cookies Making Workshop from May 23 to May 25, cake and cookies making workshop from May 23 to May 25, poultry, dairy farming workshop from May 27 to June 10, paper bag, paper plates and paper cups making training from May 28 to 30 and training on fishery business from May 23 to May 25.  Complete technical knowledge will be provided ..

Good response to Plasto’s mega water storage tank

 Business Bureau: Country’s leading tank and pipe manufacturing company - R C Plasto has recently launched a 10,000 liter capacity tank in mega storage tank category. Within a very short span of time, the storage tank is receiving overwhelming response from the customers from all parts of the country. The tank made using roto mold technique is gaining popularity in all corners of the country, say a press release issued here. Roto mold plastic water storage tank is made from low density ..

International branded readymade garments sale at Chitnavis Centre

 Business Bureau: An international export chain of branded readymade garments is conducting its sale of fresh luxury brands readymade garments at Chitnavis Centre in Civil Lines near Hislop College in the city. Interestingly, the sale is offering high quality branded ready-made garments at unbelievably low prices.  The sale is displaying new collections for wedding season in readymades for the entire family. The luxury brands available in the sale are sold at very reasonable prices ..

CBIC introduces weightage system for appointments

 Business Bureau: under compassionate scheme Under the weightage system, points would be given for family pension, terminal benefits received by the family of the deceased Government servant towards gratuity, General Provident Fund, National Pen..

Governance of PSBs a big challenge

By Sudhakar AtreThere seems to be consensus that NPA problems of Public Sector Banks (PSBs) are much bigger than what was initially thought. Government is finding it difficult to recapitalise them to comply with Basel norms because of lack of resources in its kitty.  There is always a limitation to divert taxpayers’ money for this purpose as we have a very low tax paying population. There is a reason to believe that instead of addressing the mess of PSBs by attacking the root ..

Ordinance for Maratha quota: NVCC demands justice for all

Business Bureau Media reports suggest that the Government of Maharashtra is exploring the option for promulgating an Ordinance to implement Maratha reservation in Post Graduate Medical course from academic year 2019-20.Hon’ble Bombay High Court and Supreme Court of India, earlier this month after considering the merits of the case before them had ruled that the 16 percent reservation shall not be applicable for this year’s admission in Post Graduate course of medical stream. &nb..

Pre-mature for India to attempt rule-making in e-commerce:Ficci

Business BureauFicci recently said it may be “pre-mature” for India to attempt rule-making in e-commerce and the country must be extremely cautious in its approach as there is less clarity on the impact of such issues, in the backdrop of the WTO mini-ministerial here.   Developed countries like the US want WTO members to start discussing new issues like e-commerce. However, India is of the view that formal discussions should begin only after consensus is built on them. “As ..

CM to inaugurate ‘Sonar Mohatsav’

Business BureauThe community of Sonar (jewellers) in association with Swarna Alankar magazine will be conducting a state-level mega event - ‘Sonar Mohatsav’ (Jewellers conclave) - here in the city on May 26. Maharashtra Chief Minister Devendra Fadnavis will inaugurate the conclave on May 26 at Suresh Bhatt auditorium. Nitin Gadkari, Union Minister for Road Transport and Highways, Shipping and Water Resources, River Development and Ganga Rejuvenation, will be the chief guest on the occasion.&nbs..

Symphony’s ‘Cool mobile bus stop’ gives sigh of relief to commuters

Business BureauSymphony Limited, the World’s largest air-cooler company, aims to bring comfort to the public transport commuters of Hyderabad by launching a five - day Symphony Cool Mobile Bus Stops campaign. The company’s intent is to give the users of Hyderabad an experience of Symphony coolness in the peak of the heat season so that there is an awareness of accessible and quality air-cooling solutions.   The Symphony brand that stands for innovation has created the unique ..

New range of products at Samsung Smart Plaza, Khemka Digital Home

Business BureauSamsung Smart Plaza, Khemka Digital Home, Dhantoli, the biggest, most premium and exclusive brand shop of Samsung range of consumer products, is displaying a complete newly launched and latest range of LED TVs, refrigerators, washing machines, air-conditioners, microwave ovens, home theatres, mobile phones, tablets etc.Apart from this, the company is also offering various assured, attractive schemes, discounts and cashbacks offers exclusively at the showroom to customers buying their ..

Refrain from buying loose coconut oil: COMA

Business BureauHighlighting the issue of adulteration in coconut oil, the body of oil merchants said that such blended oil may lead to health problems. The body has also appealed to the consumers to refrain from buying loose coconut oil. The Cochin Oil Merchants Association (COMA) has brought to light the practice of adulteration in loose coconut oil.According to the COMA press release issued here, “There has been widespread blending of solvent extracted oil with coconut oil. The solvent extraction ..

Kusumgar Enterprises gets award from Tata Motors

 Business Bureau: KUSUMGAR Enterprises, one of he leading distributors for Tata Motors Ltd (Spares Division SLCV) of Central India, has bagged ‘Best Performance’ award from Tata Motors Ltd. The award was given to Nikhil Kusumgar and Sushma Kusumgar at the hands of Guenter Butschek, Managing Director and CEO of Tata Motors and his wife at Cape Town, South Africa recently. Ramki, Head Customer Care, Avinash Gupta, Head Spare Parts and Aggregates and Rakesh Mittal, Head Spare Parts, ..

CAs are supporters of revenue authorities: Bandhu

 Business Bureau; Chartered accountants and revenue authorities work hand in hand to ensure compliance of policies framed by the authorities. Non adversial and non intrusive tax administration attitude of the tax authorities helped assessees to comply with reporting easily, said Sandeep Bandhu, Director of Income Tax, Intelligence & Criminal Investigation, Nagpur. He was speaking as a chief guest at seminar on ‘Critical issues in Statement of Financial Transactions (SFT), organised ..

Exports slide to four-month low in April

 Business Bureau:  INDIA’S export growth slid to a four-month low of 0.64 per cent in April as shipments of engineering goods, gems and jewellery, leather and other products declined, widening the trade deficit to a five-month high, official data released recently showed. Imports increased by 4.5 per cent, the highest growth in the last six months as crude oil and gold shipments shot up in the month. Merchandise exports stood at USD 26 billion in April while imports at USD 41.4 ..

2-day free SIP Abacus workshop for children

 SIP Academy India Pvt. Ltd., a skill development organisation among the age group of 7 to 12 years children having its head office in Chennai, is organising programmes namely SIP Abacus and Brain Gym for children. The programme focuses on whole brain development of the child by developing skills like concentration, listening ability, observation, confidence, number logic, speed writing, retention-recall and visual memory to improve the learning ability of the child. SIP Abacus having center ..

Summer special offer at Dr Richa’s Unique Clinic

Dr Richa’s Unique Clinic, offering skin and beauty care services for the past 20 yeras, has come out with a special scheme for its clients. The clinic is offering attractive discount on various treatment specially for the summer season. The clinic is providing physical health and physical beauty services. The services include hair treatment, baldness treatment, body and face treatment which have no side effects.  Apart form this advance cosmetic treatment and laser treatment can give new ..

APMC market yard to remain close on account of vote-counting

The Agriculture Produce Market Committee (APMC) has issued a press release here saying that there will be no business activities in the Kalmna market yard from May 22 to 24 as the counting of Lok Sabha poll 2019 will be held in the premises. The APMC officials informed all the traders, farmers and others to note that all the markets in the premises will be closed from May 22 from 8.00 am to May 24 till 7.00 pm. The APMC officials have also urged all the farmers and traders not to bring agriculture ..

Traders welcome I-T Deptt’s initiative to clear pendency

 Business Bureau: Confederation of All India Traders(CAIT) in its recent meeting held here welcomed the initiative taken by Principal Chief Commissioner of Income Tax Nagpur for dedicating a period between May 16 and 31 for appeal effect and rectification for clearing up pendancy and redressing public grievances. Confederation of All India Traders (CAIT) National President B C Bhartia has appealed to all the traders to take advantage of this fourthnight.  He also said the initiative ..

VIA offers hand-holding platform for start ups, business units

 Business Bureau: There is no dearth of people in Vidarbha region who want to become entrepreneurs. However the lacking factor is proper guidance. While some people have multiple ideas and wish to get their ideas validated and short-list the most viable idea for taking the entrepreneurial plunge, there are others who already have short-listed their idea and domain, but are not sure how to proceed and are looking for mentoring. There are still others, who have already started their venture ..

Centre procures 29 mn tonne wheat so far in 2019-20 fiscal

 Business Bureau: The Centre has purchased 29.26 million tonne of wheat from farmers in the ongoing 2019-20 marketing year so far, according to latest Government data. The centre has set the wheat procurement target at 35.7 million tonne for the 2019-20 marketing year (April-March) on hopes of a record 100 million tonne production this year. State-run Food Corporation of India (FCI) along with State Government agencies buy wheat at the minimum support price to meet the demand of welfare ..

RBI asks large non-banking financial cos to appoint CROs with fixed tenure

 Business Bureau: This is being done to augment risk management practices in view of increasing role of NBFCs in direct credit intermediation, the RBI stated  THE Reserve Bank of India on Thursday asked NBFCs with asset size of over Rs 5,000 crore to appoint board-approved Chief Risk Officer (CRO) with adequate professional qualification and a fixed tenure. This is being done to augment risk management practices in view of the increasing role of non-banking financial companies ..

Kent RO Systems sponsors Sri Lanka’s cricket team for World Cup 2019

 Business Bureau: IN A strategic move to cater to international markets, Kent RO Systems Limited has announced its principal sponsorship for the Sri Lanka cricket team for the forth coming Cricket World Cup. The move is a part of the company’s broader expansion plans in the international markets in the next few years. Kent RO is a leading RO water purifier in the world. Underlining the significance of his company’s association with the team Kent RO Chairman and Managing Director, ..

Tur price crosses MSP of Rs 5,675 per quintal

 Business Bureau: Tur prices in the wholesale market for the first time have crossed MSP of Rs 5,000 per quintal. Farmers hitherto were dissapointed with the low prices of tur. After the notification from Directorate General of Foreign Trade (DGFT) under the Ministry of Commerce, the prices of tur have increased in the wholesale market. Pratap Motwani, Secretary The Nagpur Grains and Seeds Merchant Association said,“It is very rare occasion that farmers are getting price above the ..

More than 50 customers of SDPL receive PMAY subsidy

 Business Bureau: SDPL’s Aashray, Dabha has everything one desires - new, affordable, with all amenities. SDPL Aashray Dabha is one of the best township within city limits on Amravati Road. These residential units are at an unimaginable cost starting from just Rs 14 lakh inclusive of all taxes. SDPL Aashray, Dabha is spread over an area of 2.0 acres, with vast open spaces, lush green lawn of 15,000 square feet, shops, a club house accommodating a well-equipped indoor sports complex, ..

Sony Center in Gokulpeth re-launched

 Business Bureau: IN ITS endeavour to offer best-in-class consumer experiences, Sony India on Wednesday re-launched its Sony Center in city. The Sony center spread across 1,800 square feet, owned by Suryadev Girish Dewani will exhibit the complete range of Sony products across categories such as television, digital imaging, consumer audio-video as well as accessories. Located in the Gokulpeth area, the center will also help customers to explore, purchase and understand Sony’s wide ..

Govt amends rules related to incorporation of companies

 THE Corporate Affairs Ministry has amended the rules pertaining to incorporation of companies to provide more clarity and uniformity in choosing names for the companies, according to an official. The ministry has brought in amendments to the Compani..

Services exports rise 6.6 per cent to $17.94 billion in March

  INDIA’S services exports rose by 6.6 per cent to USD 17.94 billion in March, according to the data released by the Reserve Bank on Wednesday. Services imports in March too grew by 10.55 per cent to USD 11.37 billion. The trade balance in..

Venture capital investments decline to $26 bn in 2018

  VENTURE investments in the country declined marginally to USD 26.3 billion in 2018, even though there was a surge in number of deals announced, a report said. Investments by venture capital and private equity funds in the country declined in 2018 f..

Combo offer by Tanishq

 Business Bureau; TANISHQ, India’s one of the most trusted jewellery brand, is bringing consumers the best combo offer ever which is sure to make wedding shopping experience much more exciting. Consumers can now avail discount of up to 25 per cent on making charges of gold jewellery and diamond jewellery value along with a100 per cent value on exchange of their old gold jewellery.  The offer is valid across all Tanishq stores in the country. Perfectly timed with the upcoming wedding ..

‘Polyester film demand to grow 10 pc in next 5 yrs’

 Business Bureau: THE demand for polyester film, used in packaging, electronics and other industries, is expected to grow by 10 per cent in India in the next five years, according to a report. Global demand for polyester film, known as BOPET film, would grow at 5.6 per cent in the next five years driven by electrical and electronics sector, high-end display screens (OLED) and photovoltic cells, the research report by Wood Mackenzie Chemicals said. “Forecast growth in Asia is expected ..

Palm oil imports drop 9.17 pc in April

 Business Bureau: PALM oil imports dropped 9.17 per cent to 7,07,450 tonnes during April this year, industry body Solvent Extractors Association (SEA) said on Wednesday. Imports of palm oil stood at 7,78,884 tonnes in April 2018. Palm oil accounts for over 60 per cent of the country’s total vegetable oil imports. India’s total vegetable oil imports also showed a decline of 11 per cent to 12.32 lakh tonnes in April from 13.86 lakh tonnes in the same month last year, it said in ..

Past debate on Trai’s MySpeed app results not a closed issue: COAI

 Business Bureau: MORE than a year after contesting the validity of mobile data speeds measured by a Trai app, industry body COAI said the issue is “not closed” and that users would tend to look at alternate data testers available, all of which yield similar results. The issue of mobile data speed measured by MySpeed app of Telecom Regulatory Authority of India (Trai) had been a bone of contention in the industry. Some operators, last year, had questioned the methods and results ..

Commuters may now ride bicycles on sharing basis

 By Praveen Vighre: A Bengaluru-based start-up called Bounce Cycle, offering a unique concept of providing bicycles on sharing basis, is on expansion spree. The company operating from select locations in the city is all set to start its services on new locations spread across the length and breadth of Nagpur. In an attempt to give city’s commuters one more option for transportation, the company had recently launched ‘smart urban mobility solution in’ in association with ..

Krishna Consultants to start new batch of GRE

 Business Bureau: KRISHNA Consultants, (KC) which goes to great lengths in assisting overseas education aspirants achieve their academic goals, is commencing its new GRE batch from May 17 at its I T Park and Sadar premises. Graduate Record Examination (GRE) is a criterion for admissions not only in most graduate schools in the United States but also a few other countries like Canada and Germany for masters and doctoral degree programmes.   The outstanding coaching provided by veteran ..

Provincial Automobile organises Thailand trip for staff members

 The employees were selected on the basis of their performance as per the stringent targets set by Provincial Automobile n Business Bureau PROVINCIAL Automobile, central India’s leading Mahindra and Mahindra vehicle dealers, had recently sent its 5 top performing employees from the service department on foreign trip.  The employees had paid visit to Thailand, says a press release. Out of 5 person, 3 were from technician category, which shows that company cares from the bottom line ..

Momentum’s six students score above 90 per cent in 12th CBSE

 Business Bureau:  MOMENTUM Nagpur, one of the most trustworthy institutes for JEE, NEET, class 11th and 12th, has once again registered phenomenal performance of its students in CBSE 12th. Delivering the best results yet again in CBSE 12th board, 6 students from Momentum score above 90 per cent while 10 students score above 85 per cent. Besides, Momentum Nagpur topper in CBSE 12th Dhaniket Shambarkar (95.5%), Krishanu Das (92%) and Mansi Bisen (92%), all from Momentum, made the cut ..

Zama to attend Global meeting at Brussels

                             S Q ZAMA, General Secretary of Indian National Mineworkers Federation will be attending the Global Executive Committee meeting of All India Union in Business Brussels (Belgium) on May 21 and 22. He will also attend the working group on Action Plan, Political and Emergency Resolutions to be presented before the next Congress scheduled ..

Zankar Mahila Mandal’s noble gesture towards old age home

WESTERN Coalfields Ltd (WCL), Zankar Mahila Mandal donated 6 ceiling fans, fruits and cold drinks to Swami Vivekanand Oldage Home at Saoner, on Kalmeshwar Road. The noble gesture of Zankar team led by Anita Mishra, President also shared time with the peop..

Hyundai Cars launches ‘Summer Cool’ scheme, offers attractive discount

 Business Bureau: THIS May Hyundai urges prospective buyers to drive into their vacations on their favourite Hyundai cars and avail ‘Summer Cool’ benefits being offered by Hyundai, the country’s largest exporter of cars and 5th largest car manufacturer in the world. Customers can save upto Rs 31,000 on the all New Santro, Rs 95,000 on Grand i10, a special ex-showroom price of Rs 5.49 lakhs on Xcent S petrol and Rs 85,000 on the other variants of Xcent petrol and diesel. ..

50% discount offer at VIP Lounge

 Business Bureau: VIP exclusive company showroom is stocked with all the different categories of brands of VIP Industries Ltd., including Skybags, Aristocrat, VIP, Capricy-Cartton, the international super premium of VIP Industries. Now VIP at its authorised company showroom offers upto 50 per cent discount on all its large range in vibrant colours in Aristocrat brand.  Carlton is a super premium international brand is now owned by VIP and has a huge range of bags in all sizes, business ..

India’s rising oil demand to support investments in refineries: Report

 Business Bureau: INDIA’S rising oil consumption will support its investments in refining capacity additions and upstream production, but imports will keep growing amid stagnant production, Moody’s Investors Service said on Monday. The country’s dependence on imported crude oil to meet its needs has risen to 83.7 per cent in 2018-19 fiscal year from 82.9 per cent in 2017-18. Import dependence was 80.6 per cent in 2015-16. In a report on regulatory and security policies ..

‘India likely to add 80 GW of renewable energy capacity’

 Business Bureau: INDIA is expected to add about 80 gigawatts (GW) of renewable energy capacity in the next five years, according to a survey. About 47 GW will be from utility scale solar, 21 GW from wind, 8 from rooftop solar and 3 GW from floating solar projects, the survey by consultancy Bridge To India, in which 41 companies from different countries participated, said.  About 73 per cent of the respondents are optimistic about the growth prospects of the Indian renewable industry, ..

‘India smartphone mkt grows 7% to 32 mn units in March quarter’

 Business Bureau: SMARTPHONE shipment in India grew 7.1 per cent to 32.1 million units in the March 2019 quarter, even as the global market saw shipment volume decline 6 per cent year-on-year during the period, according to an IDC India report. However, high channel inventory from the previous quarter resulted in fall in shipment volume by 8.4 per cent on sequential basis. Xiaomi led the tally with 30.6 per cent share in the March 2019 quarter, followed by Samsung (22.3 per cent), Vivo (13 ..

APMC, Kalamna turnover declines by Rs 300 cr in last three fiscals

 (Left) A view of market yard in Agriculture Produce Market Committee (APMC) Kalamna. (Right) Vegetable wholesellers selling vegetables in the yard.  By Prashant Dongre: Billed as Asia’s biggest wholesale market, APMC, Kalamna is witnessing revenue drop since financial year 2016-2017. Agriculture Produce Market Committee (APMC), Kalamna receives revenue in the form of market fees or mandi cess which is used for development of market yard and providing facilities to the wholesalers. ..

SBI launchs ‘Yono Insta Top-Up Home Loan’

STATE Bank of India (SBI) has launched a new scheme called Yono Insta Top-Up Home Loan for personal use. It is completely on digital Yono platfrom. It is available to SBI’s pre-selected existing home loan customers. The minimum loan amount is Rs 1 lakh and maximum Rs 5 lakh. The processing fee is fully waived off for a period of 1 month. The repayment tenure varies from 60 months to 120 months, says press release issued here by the public sector bank.  ..

CREDAI Nagpur Metro new team takes charge

 Business Bureau; The new team of CREDAI Nagpur Metro led by Mahesh Sadhwani, President, for the year 2019-21 was installed recently. Santdas Chawla has been elected unanimously as Chairman for the period of two years. It’s an honorary post for the term 2019-21. Immediate Past President Anil Nair announced and felicitated the elected team. The elected team includes Gaurav Agarwala as General Secretary and Ashok Chandak as Treasurer. The team also includes vice-presidents- Vijay Dargan, ..

LG Electronics celebrates anniversary, conducts blood donation drive

 Business Bureau: On the occasion of LG Electronics India’s 22nd anniversary, the company extended its commitment towards the nation by organising a mega blood donation drive across 47 cities, on May 11. The CSR initiative was led in association with National Blood Transfusion Council (NBTC), Ministry of Health and Family Welfare, Government of India. In addition to the blood donation camps across country, this initiative also aimed in spreading the awareness about this noble gesture ..

Eminence Arts & Education, The Hitavada Twinkle Club to hold ‘Handwriting Carnival’

 Business Bureau: The participants in the carnival will not only improve their handwriting and make it look beautiful but they will also be learning to write the correct strokes, letters and style  Eminence Arts & Education in association with The Hitavada Twinkle Club presents their Annual Handwriting Carnival this Summer. Recently the company made a world record ‘Right To Write’ - the idea being that no matter how digital the world goes human beings cannot be ..

Sugar exports surge to 21.29 lakh tonnes

 THE country’s sugar exports surged to 21.29 lakh tonne so far in the current marketing year ending September, as against about five lakh tonnes shipped in the entire 2017-18, industry data showed on Monday. Out of the 21.29 lakh tonnes exported between October 1 and April 6, raw sugar accounted for 9.76 lakh tonnes, the All India Sugar Trade Association (AISTA) said in a statement. Another 7.24 lakh tonnes of sugar is in the export pipeline, it added.  “Total sugar export contract ..

COAI approaches DoT to stop sale of mobile signal boosters on e-com sites

Business Bureau  After making a direct appeal to e-tailers, industry body COAI has now sought Telecom Department’s intervention to stop the rampant sale of mobile signal boosters and repeaters on certain e-commerce sites despite restrictions. Mobile operators’ association COAI has approached the Department of Telecom (DoT) saying sale of such illegal items not only violates norms but also hampers service quality for subscribers.  After its ‘cease and desist’ ..

‘Economic growth, high disposable income to aid banks deposit mobilisation’

Business BureauAccelerating the rate of growth of the economy and disposable incomes holds the key to higher deposit mobilisation by the banking system, said an Reserve Bank of India paper. The slowdown in bank deposit growth in the recent period alongside a revival of credit demand raised concerns about a structural liquidity gap in the system, possibly amplified by substitution effects of small savings and mutual funds on bank deposits in the aftermath of demonetisation, as per an article published ..

Govt to set up panel to look at steel availability for engineering exporters

The decision to set up the committee, which will also have members from the engineering sector, was taken during a meeting last week between the senior officials of steel and commerce ministries and exportersBusiness BureauThe Government has decided to set up a committee under the Director General of Foreign Trade (DGFT) to look into availability of steel at competitive prices for engineering goods exporters, an official said.   “The committee will submit its report to steel and ..

Positive sentiment continues for mfg

Business BureauSentiment in the manufacturing sector remains positive as overall capacity utilisation rose to 80 per cent in the fourth quarter, a survey by FICCI said. According to FICCI’s ‘Quarterly Survey on Manufacturing’, the overall sentiment in the manufacturing sector remains positive as the proportion of respondents reporting higher output growth (around 54 per cent) during the January-March 2018-19 remained the same as compared to the third quarter.    “..

‘Entrepreneurs have brought development in society’

Business BureauUnder the flagship programme of Ministry of MSME, Maharashtra Centre for Entrepreneurship Development (MCED) in association with NSIC conducted 18 days training programme for SC/ST candidates. The primary objective of the programme was that the candidates who undergo training will be able to set up their own enterprises by taking the help of Government agencies.   The programme was inaugurated by Nishchay Shelke, President DICCI-Western India. Rajesh Bhoyar of Industries ..

Industries should help I-T Deptt to form tax compliant society: Bandhu

Business Bureau Butibori Manufacturers Association (BMA) has organised a seminar on ‘Statement of Financial Transactions’ under Income-Tax Act 1961 for the benefit of its members. Sandeep Bandhu (IRS) Director of Income-Tax (Intelligence and Criminal Investigation) and G K Bhoyar, Income Tax Officer were speakers for the seminar.  CA Milind Kanade, Nitin Lonkar, Sandeep Bandhu, Director (I&CI), ITO G K Bhoyar, ITO Ratnesh.  Nitin Lonkar President of BMA, CA ..

Stock markets to be volatile till election results: Experts

Stock markets to be volatile till election results: Experts..

SAPS students shine in X CBSE

 Business Bureau:  Somalwar Academy of Professional Studies (SAPS) is a knowledge centre empowering students of all stages. SAPS CBSE wing has once again proved its strength and delivered glorious results in recently declared X CBSE results. Out of 25 students, 4 have scored above 90 per cent and 10 others have scored above 80 per cent marks. Sayali Sathe topped the chart with 96 per cent followed by Riya Udasi who scored 95 per cent. Anuya Khade and Shreyas Bhishikar scored 91 per ..

NRHA, NMC conduct fire safety training

 Business Bureau: Taking safety subject on priority, Nagpur Residential Hotels Association (NRHA) in co-ordination with Fire Brigade Department of Nagpur Municipal Corporation (NMC) conducted fire safety training at Fire Office, NMC, Nagpur. Abhijit Bangar, Municipal Commissioner, and Rajendra Uchake - NMC Chief Fire Officer (CFO), took keen interest in the event and suggested that other related associations should also take such fire drill which is in the larger interest of the society. ..

Two airlines may start operations from June-July

 Business Bureau:  AFTER grounding of all flight operations of Jet Airways from April 17, many new developments have taken place in the aviation sector. Two airlines, namely SpiceJet and TrueJet have expressed their interest in starting operations from Dr Babasaheb Ambedkar International Airport, Nagpur. Representatives from both the airlines were recently in the city and visited various top ranked travel agents. This was disclosed by Jatendra Nakade, Past Chairman of Travel Agents ..

Astute Academy’s free seminar today

 ASTUTE Academy of Career Counselling is all set to hold free seminar on career counselling. The academy, a unique venture with Dr Tushar Deoras, its Chairman and Managing Director, guarantees MBBS admissions in India and abroad without donation. The seminar for students of class 10,11 and 12 and their parents will be held on May 12 at 5:30 pm.  Astute Academy is India’s only academy which guarantees MBBS, MD and Engineering admissions purely on merit without donation. The seminar ..

Paradise Infrastructure’s Urban Glory on Wardha Rd

 Business Bureau: Paradise Infrastructure presents Urban Glory, a luxury apartment with all amenities. The scheme is dream come true for all those who wish to have amenities like clubhouse, kids zone, gym, power backup, shopping, half basket ball court, covered allotted parking, jogging track, etc.  Located opposite to Hotel Le Meridian, opposite MIHAN flyover on Wardha Road, Nagpur where the nearest bust stop is just 50 meters away, Khapri Metro Station is 500 meters away and nearest ..

‘IBC a game-changer, but delays a concern’

 Business Bureau: The Insolvency and Bankruptcy Code (IBC) is a game changer, but delay in decision-making is a cause for concern, Srei Infrastructure CEO Rakesh Bhutoria said on Saturday. Bhutoria, who is also CII sub-committee Chairman, was speaking at a conference on ‘Legal Dimension of Infrastructure Development’. “The process, which was supposed to ensure quick resolution is getting entangled in the legal system, leading to delay in decision making.  This is threatenin..

Resonance’s 80 students score above 90% marks

 Business Bureau: Resonance Nagpur’s Pre-foundation division has delivered yet again in the recently announced CBSE class 10th board exam’s result. Delivering a stupendous performance yet again 80 young stars out of 200 are in the league of 90 percenters.  There are 21 students in the band of 95 percent marks. Among those there are 7 students scoring perfect hundred in Mathematics and 3 scored the same in Social Science. This is probably the best result from any single institute ..

S M Choudhary nominated to ICAI committee

 CA S M Choudhary, Director (Finance) Western Coalfields Limited (WCL) has been nominated as Member in the Central Committee of Entrepreneurship and Public Services (CMEPS) of Institute of Chartered Accountants of India (ICAI), New Delhi for the year 2019-20. It is a non-standing committee of ICAI set up in 2011. CA S M Choudhary was also past Chairman of Ranchi branch of ICAI for the year 2006-07. In recent past, he was also conferred with excellent CA CFO Award for the year 2017 by ICAI in ..

Fun World Fair attracting crowd

FUN World Fair is showcasing variety of handicraft and decorative items. The fair is attracting children as well as elders as it offers best shopping and entertainment options. The Fun World Fair has international swings and food zone. The fair will continue for the whole summer season for the people of the city. Fun World Fair is open from 5 pm to 10 pm. The Fun World Fair is going on at Jai Durga Society No 2 ground, in front of Uco Bank in Manish Nagar in the city. ..

Silk Expo at Gulmohar Hall ends on May 14

SILK Expo by Rahul Kumar from Gujarat, going on at Gulmohar Hall, Khamla is showcasing wide range of silk and other items from different parts of the country. Special attraction of the expo is silk Patola sarees. Patola sarees in dark colours with Patola print is attracting customers. Also showcased are jewellery from Hyderabad and Ajmer. Also available in Hyderabad gold jewellery 1 gram heavy necklace. Ear rings, hairpins, nose pin, rings, bangles, ‘Mang tika’, Kamarband, Baju band ..

B2B startups jump four times to 3,200 in 2014-18

 Business Bureau: The growth in number of B2B startups within the total tech startups ecosystem rose from 26 in 2014 to 43 in 2018, the report said  THE number of business-to-business (B2B) startups has jumped four times to 3,200 in 2018 from 800 in 2014, enabling faster growth of the ecosystem, attracting investments worth USD 3.7 billion from USD 797 million, during the period, says a report. However, this has been mostly centered around Bengaluru, Mumbai and Delhi-NCR, says ..

Assocham raises voice for greater participation of women in workforce

 Business Bureau: Industry body Assocham on Saturday underlined the need to create an enabling workplace environment aligned with requirements of working mothers as part of efforts to boost participation of women in workforce. Committing itself to women’s empowerment on International Mother’s Day, Assocham reached out to its members and India Inc in general. “Rising participation of women in the workforce will need a different environment in which childcare, working hours, ..

Markets fall for 8th straight session

 BENCHMARK indices buckled under selling pressure for the eighth straight session on Friday -- marking their longest losing streak since February -- as investors remained on the sidelines amid grim global cues and lacklustre corporate earnings. After a highly volatile session, the 30-share BSE Sensex closed 95.92 points, or 0.26 per cent, down at 37,462.99. Similarly, the broader NSE Nifty shed 22.90 points, or 0.20 per cent, to settle at 11,278.90. During week, Sensex lost a hefty 1,500.27 ..

Mahindra launches entry level variant of XUV500

 MAHINDRA & Mahindra (M&M) on Friday said it has launched a new entry level variant of its SUV XUV500 priced at Rs 12.22 lakh (ex-showroom Delhi). The new variant would be available across the country at company dealerships with immediate effect, M&M said in a statement. “The launch of the W3 version makes the vehicle much more accessible to a wider range of customers,” M&M Chief of Sales and Marketing, Automotive Division Veejay Ram Nakra said. The W3 trim ..

Ford Aspire Blu hits roads; price starts at Rs 7.51 lakh

 AUTOMAKER Ford India on Friday said it has launched a new variant of compact sedan Aspire, with price starting at Rs 7.51 lakh (ex-showroom Delhi). Available in the manual transmission of Titanium variant, the petrol Aspire Blu is priced at Rs 7.51 lakh, while the diesel trim is tagged at Rs 8.31 lakh, the company said in a statement. “The Ford Aspire Blu edition celebrates the spirit of style, power and performance,” Ford India Executive Director, Marketing, Sales and ..

L&T Q4 net profit up 8% at Rs 3,418 cr

 ENGINEERING major Larsen and Toubro (L&T) reported a 7.9 per cent rise in its consolidated net profit at Rs 3,418.24 crore for the quarter ended March 31, mainly on the back of Strong revenues and improved execution efficiency. Its net profit stood at Rs 3,167.47 crore during the corresponding period a year ago. The company’s consolidated income in the January-March quarter increased to Rs 45,555.29 crore from Rs 41,091.04 crore in Q4 FY18. For the fiscal year 2018-19, the company ..

Thomas Cook getting into destination wedding space

TRAVEL and forex major Thomas Cook is entering the Rs 2,000-crore destination wedding space and has formed a special team to drive the new vertical that will be commercially launched a couple of months later. Destination wedding business was cash-driven until the note-ban and GST role out, a senior Thomas Cook official said, adding the cash dominance was a big put-downer for them to get  into this lucrative segment. “Since the formalisation of the economy with the note-ban and ..

Canara Bank Q4 loss narrows to Rs 551 cr

 STATE-OWNED Canara Bank on Friday said its standalone net loss narrowed multi-fold to Rs 551.53 crore for the fourth quarter of fiscal 2018-19, mainly driven by lower provisioning for bad loans.The bank had posted a net loss of Rs 4,859.77 crore during the corresponding January-March period of the preceding fiscal. Total income of the bank during the March quarter rose to Rs 14,000.43 crore, compared to Rs 11,555.11 crore in the year-ago period, Canara Bank said in a regulatory filing. ..

SBI books Rs 838 crore net income, says worst is behind

BETTER asset quality and a 100 bps dip in credit cost helped the largest lender State Bank of India (SBI) on Friday report a net income of Rs 838 crore for the March quarter as against a net loss of Rs 7,718 crore a year ago, and also guide towards sunnier days. For the full year to March, SBI, which controls a fourth of the nation’s banking system, booked a net income of Rs 862 crore as against a net loss of Rs 6,547 crore. The management attributed lower profit to 100 per cent provisions made ..

Rags Boutique brings fresh summer collection

 Business Bureau: Customers’ favorite summer destination and one-stop shop, Rags Boutique brings large number of choices for the hot months of Nagpur. Cutomers may stay cool and stylish with the lovely colourful Ahmedabad cotton suits and fabrics. Pochampally weaves of Ikat will take the summer style to different level. Indonesian Batik suits in Maheshwari cotton are class in itself that atre on display in the showroom. Festive Chanderi suits will keep buyers looking glamorous even ..

NVCC members felicitate B C Bhartia

  Business Bureau: NAG Vidarbha Chamber of Commerce (NVCC) the apex body of traders and its associations from different parts of Vidarbha region recently organised Executive Committee meeting. In the meeting, B C Bhartia, Past President of NVCC and National President of CAIT was felicitated for presiding over the recently conducted ‘All India Traders Meet’ and putting forth traders issues with the Prime Minister Narendra Modi at Talkatora Stadium, New Delhi. Hemant Gandhi, ..

Central GST union demands Govt to fill up 38,581 vacant posts

  Business Bureau: In Central GST Nagpur Zone, more than 100 posts are lying vacant at various levels  A large number of posts are lying vacant in the Central Board of Indirect Taxes and Customs (CBIC) across the country. These posts need to be urgently filled up to increase the revenue collections and streamline operations. Existing employees are heavily overburdened with increasing workload leading to inefficiency, said union in Nagpur. According to the data given by Directorate ..

Govt notifies thresholds for filing class action lawsuits

 Business Bureau: Investors can now seek class action against companies, with the Government notifying the thresholds for filing such lawsuits. In a significant move, the corporate affairs ministry has notified the thresholds for filing class action -- a provision aimed at providing a redressal mechanism for small and minority investors. Under Section 245 of the Companies Act, investors can file a class action suit in case they feel that the management or conduct of the affairs of a company ..

Seasonal Business House offers rare mango varieties

  SEASONAL Business House located at 113, Lendra West, New Ramdaspeth is offering rare mango varieties from Konkan. Genuine -- Devgad Pyari -- mangoes from Konkan are available at the shop. These mangoes are very juicy with delicious flavour and are rarely available in Nagpur market. Apart from this, there are Alphonso mangoes available in five different sizes. The Alphonso mangoes are available from Rs 550 per dozen to Rs 1,100 per dozen depending on the size of the mangoes. Seasonal ..

Shah Overseas to hold seminar on May 14

SHAH Overseas (www.shahgre.com) is a GRE institute started by an American graduate that counsel students who desire to study abroad. Shah Overseas will be conducting a seminar on ‘How to crack GRE?’ on May 14 at 5:30pm. The seminar will cover behind the scene strategies and how to remember vocabulary. To enroll for the seminar call on 918669785956/ 919850270722 or email at [email protected] com. For details visit the office at Plot No. 13, Behind Dharampeth Science College, Ambazari ..

Think positive to achieve success: Prateek Parihar to CA students

  Business Bureau:  “Students pursuing Chartered Accountancy course, need to bear in mind that hard work, dedication, commitment and perseverance are the four crucial factors that ensure due colours of success in one’s life,” said Prateek Parihar, a very known face of Indian film and television industry. Prateek Parihar who was the chief guest was addressing the august gathering on the occasion of inaugural of 36th Advanced Information Technology and 38th Advanced ..

Concor to invest upto Rs 8,000 cr in next 5 yrs

  Business Bureau: STATE-OWNED Container Corporation of India (Concor) on Thursday said, it will pump in up to Rs 8,000 crore in the next five years to develop dry ports and distribution logistics centres across the country. “We are coming up with 20 distribution logistics centres and 100 dry ports. We are already operating 83 (dry ports) and we will make it 100.  The 20 distribution logistics centres will be connected to 100 (dry ports). Total investment in the next five ..

Fresh batches at Institute of Psycho Management Studies

 Institute of Psycho Management Studies (IPMS), a pioneer institute of Central India, under the distinguished aegis of Dr Prabodh (Director, IPMS), is a well-known name imparting Mental Health Education. Courses offering certificate, diploma and master award in Psychotherapy and Counselling are available at IPMS. Fresh batches are commencing in June and admission procedures have already begun.  The IPMS team comprises of Dr Prabodh, renowned psychotherapist and the Founder Director of IPMS, ..

Development programme at Kirans Brain Magic

 Kirans Brain Magic is a well known reputed institute which offers innovative courses like Vedic Maths, Kids English Grammar, Handwritting Improvement and Calligraphy. In addition, it also teaches Callagraphy with diffrent strokes and formates, which are useful in project making. Free demo is arranged for the mentioned subjects on every Sunday from 11:30 am to 12:30 pm at Star Kinder Garden School, Shivaji Nagar, Cement Road Nagpur. For details contact Malviya M (9881021144). ..

Uber cab drivers seek better pay; join demos in world

 Business Bureau:  Over 1,200 drivers signed off the App in Nagpur  More than 1,200 Uber cab drivers out of 3,500 in the city signed off the App demanding better pay and good working conditions. They were supporting the members of New York Taxi Workers Alliance who were demonstrating in New York, USA and other cities in the world. “In order to show our unity and presence, we have given support to this protest,” said Rajesh Nimbalkar, General Secretary of App Cab and ..

‘Pensioners should remain united’

  Business Bureau: NATIONAL Pensioners Welfare Association recently celebrated International Workers Day and Maharashtra Day at Shree Sai Mandir Dharamshala, Ayodhya Nagar. Dr Sunita Lavange was the chief guest on the occasion. The other dignitaries were Dr Meena Deshmukh, Shreepatrao Mahajan, Govindrao Vairale, Tukaram Dekate, Dr Ashok Lavange. Mukund Muley, President of National Pensioners Welfare Association and Secretary of INTUC presided over the function. In her address, Dr Lavange ..

Synergy Study Point’s seminar on May 12

SYNERGY Study Point has organised a seminar for students on May 12. The seminar will be held at Synergy Study Point situated at 280 Radha Krishna Apartment, WHC Road, Bajaj Nagar. How to crack UPSC and MPSC exams in first attempt will be explained to the students during the seminar. Atul Lande, Director of Synergy Study Point who has more than 16 years experience and shaped career of about 600 students will be the keynote speaker at the seminar. Nitesh Pathode, Assistant Commissioner (IRS-IT) will ..

India’s domestic passenger market falls to 3.1 pc in March: IATA

 The growth of India's domestic passenger market fell to 3.1 per cent in March as compared to 8.3 per cent in February as there was “reduction in flight operations of Jet Airways” and “disruptions at Mumbai airport owing to construction,”IATA said...

Fire fighting training must for hoteliers: Uchake

 Business Bureau: THE hotel staff should be trained in handling fire safety equipments. They should also be trained to evacuate people when hotel catches fire, said Rajendra Uchake, Chief Fire Officer (CFO) of Fire Department, Nagpur Municipal Corporation (NMC). He was speaking at a seminar organised by Nagpur Residential Hotels Association (NRHA). Also present were Devendra Mahajan, General Manager (Environment) of Nagpur Smart and Sustainable City Development Corporation Limited (NSSCDCL). ..

Builders to refund GST on cancellation of flats booked in FY-2019

 Business Bureau:  BUILDERS will have to refund GST paid by home buyers in case he cancels the flat booked in the last fiscal and will be allowed to avail credit adjustment for such refunds, the tax department has said. This clarification forms part of the FAQ released by the Central Board of Indirect Taxes and Customs on real estate sector.  The FAQ has been issued to clear the air over the migration provision, which permits the real estate players to shift to 5 per cent GST rate for ..

Good response to Rokde Jewellers

 Business Bureau: EVERY single person who walks into a jewellery showroom on a special occasion like ‘Akshaya Tritiya’ wants a unique piece of jewellery. He or she also wants his of her jewellery to be classic, graceful, intriguing, fascinating and at the same the customer wants the ambience to stand out and feel homey. Not many jewellers are able to come true to these exacting needs, but one name stands out and that is Rokde Jewellers. Since 1920, Rokde Jewellers has been tirelessly ..

‘Australia Admissions Day’ at Krishna Consultants on May 10

 Business Bureau: AVAIL the opportunity to check for admissions in Australian universities with affordable tuition fees by attending ‘Australia Admissions Day’ being organised by Krishna Consultants, the pioneer in overseas education in India. Aspirants can apply for any bachelors or master’s programmes for July or September intake. Krishna Consultants will hold the crucial event on May 10 from 3 to 4.30 pm in office located in IT Park in the city. One may meet and interact ..

IWTMA demands policy framework to develop 50GW wind capacity

  INDIAN Wind Turbine Manufacturers Association (IWTMA) has urged the Government to implement feed-in-tariff (FiT) based bidding for large capacities and set up a five year policy framework to develop 50GW of wind projects and save this struggling industry. IWTMA in a meeting with the Ministry of New and Renewable Energy made certain recommendations including waiver of interstate transmission system (ISTS) charges for captive consumers and FiT policy for less than 25 MW for small domestic ..

Bapat Services at Gopal Nagar

  BAPAT Services, a service unit of Bapat Shop Dharampeth, has opened its new repair centre at Gopal Nagar, first bus stop, on May 7 on the auspicious occasion of Akshaya Tritiya. Bapat Services is equipped to repair all kinds of appliances like iron, cooker, toaster, mixer, fans, geyser, induction cooker, wet grinder, emergency light, microwave oven, gas stove etc. Interested may visit Bapat Services in Gopal Nagar, 1st Bus Stop, (M: 8793456781) ..

VPA students once again excel in Std XII Commerce

 Business Bureau: VPA continues its leadership in standard XII CBSE Commerce coaching for 14th consecutive years. VPA students excelled yet again in the academic year 2018-19 in standard XII CBSE Commerce with its unparalleled results. In the recently declared results of standard XII CBSE,59students of VPA have scored aggregate 90 per cent or above out of which 14 students have scored aggregate 95 per cent or above.  To add to it, 51 students of VPA have scored 90 marks or above in ..

HCG NCHRI gets NABH certification

 Business Bureau: HCG NCHRI, known to provide comprehensive and quality cancertreatment,hasbeenconferred with National Accreditation Board for Hospitals and Healthcare Providers (NABH) accreditation.HCG NCHRIis the first comprehensive cancer hospitalincity tobe recognisedwith the prestigious NABH. Dr Navin Chugh, Head of Quality, HCG, while talking to media on Monday said, “NABH is certified along with the primaryobjectiveofcreatingaquality healthcare atmosphere in India.Thisqualityof ..

Functional Training at Nujester Fitness Studio

 NUJESTER Fitness Studio located at Plot no172/C,Umerer Road, Ring Road Trimurti Nagar has started functional training. The functional training means making the body more functional for the everyday life. It focuses on all parts of the body and works on mobility endurance,strength,balance and co-ordination. This training is more focused on body weight work out as opposed to muscle building work out.  Nujester has 5sessions in morning of one hour duration starting from 6 am and 4session inevening ..

Special Akshaya Tritiya offer at Dass Jewellers, Impressa Rise, Shivaji Nagar

  Under the offer, if a cutomer buys gold or diamond jewellery, he or she will get silver weighing five times of the weight of gold or diamond jewellery free n Business Bureau On The occasion of Akshaya Tritiya, Dass Jewellers situated at Shivaji Nagar, Impressa Rise has introduced the latest wedding and celebration jewellery range.  Apart from this, to spread happiness among the customers it is giving an attractive offer. Under the offer, if a cutomer buys gold or diamond jewellery, ..

Green Space Infra offers discount of Rs 50,000 on flats in Green City-3

 Business Bureau: GREEN Space Infra has launched a special offer to mark the occasion of Akshaya Tritiya wherein homeseeker can own a flat in a prestigious project called Green City 3 and avail Rs 50,000 discount. Apart from this offer, customers can book flat in Green City - 3 by paying only 5 per cent as down payment. Also, 95 per cent bank loan facility is available for the buyers.  More than 140 families have already bought the flats in the scheme and the occupancy certificates ..

‘Akshaya Tritiya’ offer at A K Gandhi Electronics

  A K Gandhi Electronics, one of the largest electronics stores of central India, has come up with at attractive offer on selected electronic products on the occasion of Akshaya Tritiya festival. The offer includes cash back of up to 15 per cent (offer on finance of ICICI Bank credit card / Axis Bank credit & debit card / HDFC credit, debit card and Paper finance), off up to 30 per cent, zero down payment balance in easy EMI, no cost EMI and zero interest on finance, says a press release. ..

Traditional, modern designs at Karan Kothari Jewellers

 Business Bureau:  Apart from this, the jeweller has also organised ‘Labh Ustav’ to mark the auspicious occasion of Askhaya Tritiya  KARAN KOTHARI Jewellers is all set for the the Akshaya Tritiya and marriage festival. Keeping its legacy of exclusive and excellent quality jewellery, the jewllers is displaying traditional as well and modern desings which add glitters to ones personality and celebration. Every item at Karan Kothari Jewellers is unique, says a press release. ..

IIDT opens new centre in Dharampeth

 Business Bureau:  INSTITUTE of Innovative Designs and Technology (IIDT) has opened its new centre which offers technical and vocational education in fashion designing at Dharampeth. This was disclosed by Abdul Zubair, Managing Director of IIDT while speaking at a press conference held at Hotel Radisson Blu on Monday. Sanjay Arora, Director of Shells Advertising was also present.  The memorandum of understanding (MOU) of the new IIDT Dharampeth Centre was exchanged between M Owais, ..

Aashirwad Silvers offers wide range of jewellery

  AASHIRWAD Silvers, central India’s one of the finest jewellers, is geared up to make jewellery buying experience more exciting for its customers as it offers pure silver articles and ornaments, says a press release issued here. It displays exclusive jewellery designs with extensive collection of in house hand-crafted designed articles and ornaments of pure silver. Aashirwad Silvers is one brand which has beautiful silver jewellery like 92.5 silver ornaments and oxidised jewellery. ..

Jewellers expect better glitter this festive season on stable prices

 Business Bureau: AFTER a long hiatus, gold is likely to glitter this Akashaya Tritiya and the industry is expecting high double-digits volume growth given the positive consumer sentiment and stable prices. Retail price of gold has come down to around Rs 31,500 per 10 grams from around Rs 33,700 in mid-February. “We expect robust demand for gold/gold jewellery this Akshaya Trithiya due to price stability since the past few months and the improved consumer sentiment since Gudi Padwa. ..

Krishna Consultants to start new SAT batch

 Business Bureau; KRISHNA Consultants, a paradigm in setting benchmarks for the top scores, is launching its new SAT batch on May 11. The SAT is a standardised test essential for a bachelors level admission in top ranked colleges and universities of USA. Students who want to pursue a bachelor’s degree in the fields of Engineering, Computer Science, Pure Sciences, Business, Arts, Hospitality etc., need to get a good SAT score. Students who aspire to pursue their bachelor’s degree ..

Private power producers demand level playing field

  The Independent Power Producers Association of India (IPPAI) has shot off a letter to the Power Ministry demanding level playing field for private sector players via-a-vis state-run Power Grid Corporation of India (PGCIL) in allocation of electricity transmission projects. “We seek your suo moto intervention in this matter in the interest of maintaining a level playing field in this segment (transmission) of the power sector and to stop the misuse of public funds which are procured ..

Bulk local supplies brings down vegetable prices

 Business Bureau: The local supply of vegetables from nearby areas of Nagpur has witnessed a significant increase that has resulted in prices falling in the wholesale market. The drop in vegetable prices has put smiles on the faces of housewives as they would not have to shell out more from their purses.  “The prices of vegetables have witnessed a fall of about 10 per cent to 15 per cent due to bulk local supplies as compared to prices a month ago,” said Ram Mahajan, Secretary ..

Raymond’s special offer for Akshaya Tritiya

 RAYMOND Ltd has introduced a special good will offer on the eve of Akshaya Tritiya. The company is giving 10 gram pure silver coin free on purchase of fabrics and garments worth Rs 4,999 in a single bill. It is offering a 20 gram pure silver coin free on purchases of fabrics and garments worth Rs 6,999. This offer is valid only at the selected stores of the company.  This special offer of the company is available at The Raymond Shop, Citi Centre, WHC Road, Dharampeth (Ph: 0712-6613414, ..

Baljagat summer camps from today

 DEENDAYAL Shodh Sansthan’s Baljagat, Laxminagar will be organising special summer camp at Baljagat under the guidance of expert coaches. The summer camps will start from May 6 consisting of basketball, karate-judo, hastakala, drawing, calligraphy, tabla, creative craft, Sanskar Bharti Rangoli, Know the chess basic and advance course, thermocol, paintings, English speaking for class 1 to 10.  Apart from this, there will be spelling and grammar classes, Balnatya Prashikashan Shibir, ..

FAME needs to be supplimented with steps to boost EV adoption: CII

 POLICIES like FAME need to be supplemented with measures such as domestic manufacturing of vehicles, batteries and components to boost mass adoption of electric vehicles by 2030, industry body CII said. Quoting a study by the Centre, the chamber sai..

‘Organisations need to reinvent to be more human’

  ORGANISATIONS need to reinvent themselves to be more ‘human’ by adopting ethos of a social enterprise, a report by consulting firm Deloitte said. Besides, about a higher percentage of Indian companies compared to global firms believe that they are industry leaders in terms of being social enterprises, it said. Of the total 10,000 respondents, 45 per cent said that a number of Indian organisations measure the correlation between employee engagement and productivity compared ..

INTUC Foundation Day celebrated

 Business Bureau; Rashtriya Koyla Khadan Mazdoor Sangh (INTUC), Nagpur celebrated 72nd INTUC Foundation Day with great fervor. It is worth mentioning that Indian National Trade Union Congress (INTUC) was founded on May 3, 1947 on the thoughts of Gandhian philosophy. Although it is celebrated in almost all the branches of RKKMS (INTUC), the main celebrations organized at headquarter of the union situated at Nagpur. Speaking on the occasion, General Secretary of the union S Q Zama, former ..

India produces 27 MT steel in Jan-Mar

  Business Bureau; INDIA’S steel production fell by about 0.3 per cent to 27.33 million tonne (MT) during the first quarter of the calendar year 2019, according to data from the World Steel Association. During the January-March 2018 period, the country had produced 27.40 MT of crude steel, the data showed. In January, India had produced 9.18 MT steel, down 1.9 per cent as compared with 9.35 MT in the corresponding month of 2018.  The country in February 2019 reported a rise ..

Wide range of exquisite wedding collection at Rokde Jewellers

  Business Bureau: WEDDING is probably the most important event in a person’s life and getting ready for this experience of a lifetime can become a daunting challenge. From buying clothes and jewellery to arranging things and looking after the guests, wedding can easily turn from a blissful event into a complete nightmare, says a press release issued here by the jewellers. By keeping all the vagaries that come with organising a wedding in mind, Rokde Jewellers presents an alluring ..

‘Create conducive atmosphere for startups’

 Business Bureau: Encouraging the participants here in the city recently, National President of the Confederation of All India Traders (CAIT) and Mentor of VCAT Nagpur, B C Bhartia, said that start ups could play a crucial role in the country’s economic growth. Speaking at the Venture Catalysts 11th pitch organised by Vcats Nagpur unit of Venture Catalysts Mumbai, he said that there was need for creation of conducive atmosphere for start ups so that they could flourish. Bhartia also ..

FIITJEE student is city topper in JEE Main 2019

 Business Bureau:  With the JEE Main 2019 results declared, India’s premier institute in engineering training, FIITJEE has a reason to rejoice and celebrate its students’ feat. With NTA’s decision to conduct JEE Main exams twice a year, many students have been benefitted with the results declared. Aspirants getting the second chance to better their scores in JEE Main 2019, has also provided them with better ranking to qualify for the JEE Advanced 2019.  Since ..

Special Akshaya Tritiya offer at Dass Jewellers, Impressa Rise, Shivaji Nagar

  Business Bureau: In the offer, on buying gold and diamond jeweller customer will get five times the weight in silver free. People in large numbers are visiting the showroom  On The occasion of Akshaya Tritiya, Dass Jewellers situated at Shivaji Nagar, Impressa Rise has introduced the latest wedding and celebration jewellery range. Apart from this, to spread happiness among the customers it is giving an offer. In the offer, on buying gold and diamond jeweller customer will ..

Reshim Bandh Vivah Sanstha offers discount on Akshaya Tritiya

  ON THE occasion of Akshaya Tritiya, Reshim Bandh Vivah Sanstha is offering a special discount for its clients on registration. the offer is valid from May 5 to 7. Director of company Kavita Deshpande has urged the matrimonial candidates to avail this golden opportunity. The company has developed matrimonial website www.reshimbandh.com and ReshimBandh app (Android and Iphone app). There is only one time registration fee till marriage gets fixed. The user can make online payment and can ..

Share market training from 6th

  ONE week share market training will be organised by IES Share Market Training Institute (www.purensuremoney.com) from May 6. To known more about the training programme, interested persons can contact Prashant Sarode at 86, Kannamwar Nagar, near Hotel Pride, Wardha Road (Ph: 9822718163). ..

Akshaya Tritiya offer at Apsara Interior Mall

  APSARA Interior Mall, continuing its legacy of catering to the need of quality furniture from 49 years, has announced ‘Akshaya Tritiya Offer’. Its is a golden opportunity for those who want to purchase furniture. Under the offer - ‘Wedding Package’ - their is a chance to decorate the complete house in Rs 94,999. The package include bed, wardrobe, LCD unit, sofa set, centre table and dinning table.  The mall is showcasing complete variety of furniture like beds, ..

Last day of Mercedes Benz pre-owned car sale

 Central Star, one of the leading New Mercedes Benz dealers of Vidarbha, along with Mercedes Benz India always comes up with innovative offers, attractive benefits for their customers. Once again, they have come up with a concept of certified pre-owned cars event at their classy and stylish showroom, based at MIDC Hingna.  Also attractive trade-in, finance options on all models which give comfort and convenience to the customers are availabel. For more details, interested may visit to Central ..

Comprehensive coaching programmes by SAPS

 Business Bureau: Somalwar Academy of Professional Studies (SAPS) is a knowledge centre empowering students of all stages. SAPS conducts various value adding coaching and training programmes for students of all age groups. SAPS Scholastic Wing organises year long comprehensive coaching programmes for standards IX and X students both state board & CBSE with a target of developing strong concepts and improving students performance in school exams through rigorous practice. These programmes ..

54 tankers supplying water to 33 villages in distt

  Staff Reporter:  With the summer reaching its peak this month, many villages and towns are facing water scarcity. Against this backdrop, the district administration took stock of the implmentation of water scarcity combat plan. Ashwin Mudgal, District Collector, directed the officials concerned to take up the works in the plan immediately in villages facing scarcity. “If the water demand of a village is not met even after carrying out special repairs of piped water supply ..

‘Carbon tax best way to cut greenhouse gas’

 Business Bureau: At USD 70 per ton of carbon dioxide, a carbon tax would be the most efficient means of cutting greenhouse gas emissions, according to an International Monetary Fund report published Friday. But for the moment, carbon taxes remain unpopular, particularly in France, where plans to increase it to 55 euros (or USD 61.60) from 44.60 euros recently ignited the Yellow Vest protest movement. The French Government was forced to suspend the plan in the face of popular revolt. The ..

‘Used vehicles market may cross 7 million units by FY2022’

 Business Bureau: The pre-owned car market is expected to scale past the 7-million mark annually by FY22, having crossed 4 million in FY19, claims an industry report. At present, most leading car companies, both domestic as well as international ones, are into this segment and collectively enjoy around 60 percent of the market pie, while the rest is controlled by the unorganised players, Mahindra First Choice Wheels, the pre-owned vehicles arm of the Mahindra group, claimed in a report Friday. ..

Gupta gives tips on Foreign Exchange Risk Management

 Business Bureau: FIEO (WR) jointly with EXIM Forum of Vidarbha Industries Associations (VIA) organised a seminar on “Foreign Exchange Risk Management, Export Finance and Export Incentives” recently at VIA Auditorium at Udyog Bhawan in Civil Lines Nagpur recently. The expert faculty was Nijay Gupta, who is having more than 35 years experience in the field of banking; Forex Risk Management and Hedging; treasury; FEMA; Trade and International Finance, explained the participants ..

AIF investments surge 79% in March quarter

  The capital pumped in by alternative investment funds rose to nearly Rs 1.10 lakh crore in the January-March quarter this year, an increase of 78.7 per cent from the year-ago period. Alternative investment funds (AIFs) are a class of pooled-in vehicles for investing in real estate, private equity and hedge funds. AIF investments stood at Rs 61,401.57 crore in the March quarter of 2017-18, according to the latest Sebi data. Of Rs 1.10 lakh crore investment, Category I  AIFs poured ..

Extraordinary results by IIT Point students in JEE Main

Business BureauResults of JEE Main 2019 were recently announced wherein IIT Point Nagpur students have once again performed exceptionally well. Out of the 240 students 197 students have successfully cleared the JEE Mains - 2019 giving overall 82.08 percentile. Many students are going to appear for JEE (Advance) exams on May 27 where they will be competing with 2 lakh students from all round the country.   IIT Point, Nagpur have secured more than 95 percentile in JEE (Main) - 2019 and ..

Pallotti School, Besa gets good response

Business BureauST VINCENT Pallotti School, Besa received an overwhelming response to its admissions process in the last couple of weeks. Over 600 admissions were done. The management of Pallotti Group hopes to start the school with over 1,000 students.  Pallotti Group is managed by the ‘Pallotti Fathers’ an international Catholic religious society which has to its credit a number of prestigious educational institutions in different parts of India as well as in 56 countries spread ..

ICAD students achieve top three ranks of Vidarbha in JEE Main 2019

Business BureauAs per the JEE Main 2019 final results declared on April 29, ICADian Eeshaan Jain stood top in Vidarbha with AIR-120 and secured 99.993 percentile. Eeshan also secured 100 percentile in Mathematics. Second topper Chinmay Ratnaparkhi secured AIR-197 and 99.987 percentile. Chinmay is selected for International Chemistry Olympiad Training Camp and he is among top 42 students of India to achieve this feat. Third topper Atharva Warhade secured AIR-245 and 99.983 percentile. Atharva is also ..

Arun Bajaj starts delivery of Avenger 160

Business Bureau Arun Bajaj, the leading dealer for Bajaj Auto Ltd. in Nagpur, has commenced the deliveries of the much awaited 2019 Bajaj Avenger 160 ABS at its dealership. The first vehicle was delivered to Atul Patil at the hands of Shailendra Mishra (Regional Manager (Sales Vidarbha) at the ceremony.  Since its introduction in 2005 the Bajaj Avenger has carved a niche for itself as a leisure cruiser. The Avenger Street 160 ABS blends the ‘roadster’ and ‘cruiser’ ..

‘Pitching is a very important skill for start-up’

  Business Bureau:  HIGHLIGHTING on how to pitch a perfect business idea to potential investors, the guest faculty Rajeev Aggarwal, Retd Senior Vice-President, Global Strategy and Development, SNCL, Canada said, “Pitching is a very important skill for any start-up. Pitching a business idea to an investor is one of the most difficult challenges in an entrepreneur’s life. It does not matter how innovative or profitable one’s business idea may be, if it cannot attract ..

Nilkamal Furnitures offers upto 40% discount

  Business Bureau: ON THE occasion of Akshaya Tritiya festival, Nilkamal Limited’s Furniture Division has come up with double bonanza in Nagpur offering discount upto 40 per cent till May 9. Not only have they put on display its finest choice of furnishings but also offering huge discounts and schemes on its furniture at exhibition cum sale underway at Ojas Tower, beside Batukbhai Jewellers, WHC Road, Dharampeth.  Through this exhibition, the brand and quality conscious people ..

Karan Kothari Jewellers launches ‘Labh Utsav’

  Business Bureau: Karan Kothari Jewellers has come out with an attractive offer in the name of ‘Labh Utsav’ for its customers. The jewellers known for its quality and innovative designs of jewellery, is offering huge discounts on making charges, says a press release issued here.  A wide range of diamond, gold, kundan, platinum and silver ornaments are put on display that are attracting large number of customers every day. It is important to note that the customers ..

Booking scheme at Shree Meher Jewellers (Darodkar)

  Business Bureau: Shree Meher Jewellers (Darodkar) has begun a special gold booking scheme wherein the customers can book gold jewellery from Akhsaya Tritiya to Diwali Padva. The customers can book the gold jewellery at the rate applicable on the day of booking. There are other benefits for the customers. Keeping in tune with the changing world, Shree Meher Jewellers (Darodkar) has put on display gold collection specially for the upcoming festive season.  For Shree Meher Jewellers, ..

564 students from IIT-Home qualify for JEE Advanced

   Business Bureau: AS PER the JEE Main 2019 final result declared on April 29, 564 students out of 668 from IIT-Home have qualified the examination. These students are eligible to appear for JEE Advanced and will be competing with approximately 2 lakh JEE Main qualified students all over India for 12,000 seats in the prestigious IITs. The success rate of the institute in JEE Main 2019 has been 84.4 per cent which means 21 out of every 25 students at IIT-Home have qualified the ..

Central GST Deptt detects Rs 1 crore tax evasion at Moonlight Studio

   IN A major exercise against the tax evaders, the team of Central Goods and Services Tax (GST) Department, Nagpur found tax evasion to the tune of Rs 1 crore on the part of the city’s renowned firm - Moonlight Studio. During the investigation being carried out against Moonlight Studio, the officers attached to the department found that one of the partners of Moonlight Studio had not taken Goods and Services Tax (GST) registration and was conducting event manage- ment programmes. ..

Resonite Aman tops Vidarbha with AIR 118

 Business Bureau: The All India percentile list declared on Monday by National Testing Agency (NTA) has sent ripples of joy to the second capital. Leaving behind all speculations Reso Nagpur’s student Aman Gupta has secured first position in Vidarbha. he got All India Rank 118. Aman who has been crowned Vidarbha topper in JEE (Main) -1 retained his title and proved the mettle of Resonance‘s Teaching Methodology in second attempt too. Aman Gupta is studying at Resonance since ..

Ample opportunities for CAs in MSME sector: Parlewar

  Business Bureau: “Chartered accountants are the real managers of the economy,” said P M Parlewar, Director of MSME-DI, Nagpur while addressing the members of ICAI, Nagpur Chapter. He said, “CAs play major role in the development and promotion of MSME sector.” He elaborated various schemes of MSME and hope that it would give ample opportunities to chartered accountants to render their services in MSME sector. After assuming charge as Director of MSME Department, ..

New Avenger 160 ABS at Patni Automobiles

  Business Bureau: Patni Automobiles, dealer of Bajaj Auto Ltd, Pune for two and three wheeler, announced arrival of All New Avenger 160 ABS at Rs 81,037 (ex-showroom). The All New Avenger 160 ABS is for those who live by the rules of the street, for those who know that comfort and power can coexist, for those who define their own unique style. Avenger Street is modern roadster for such people.  The Avenger 160 come with Bajaj’s trusted 160 cc DTSi engine to deliver great ..

Anniversary offers at Prachit Enterprises

  Business Bureau: Prachit Enterprises, one of the most trusted and reputable names in the field of air conditioning and security equipment in central India, is celebrating its 21st anniversary. Prachit has come a long way since its humble beginnings in 1998. Today, Prachit is a leading supplier of Voltas, LG, Daikin, Mitsubishi, Guardwel, Ozone, V-Guard brands of air conditioners, drinking water coolers, safes, strong room doors, fire resisting cabinets, storage compactors, digital ..

Torque MD Chhatwal in Lok Sabha fray

  P S Chhatwal, a staunch believer in Karma (Hard work) and dedication began his journey with small steps. Coming from a humble background, he worked as a Marketing Representative in his initial years. With a larger cause in mind, he started his Pharmaceutical company - Torque Pharmaceuticals Private Limited, with the motive to provide quality medicines at affordable prices.  There was no looking back for this dynamic, selfless personality. Today he is serving the community by venturing ..

MCED’s workshop on Solar System from May 6

  MAHARASHTRA Centre For Entrepreneurship Development (MCED) has organised a workshop on ‘Solar (PV) System design using PVsheets and PVseal software with cost analysis and Policies’ from May 6 to 11. The objective of the workshop is to provide complete technological knowledge to the participant, to make them unable to start their own enterprise. Under the workshop technical aspects, commercial aspects, basic solar system, Government policies and schemes, Renewable Energy Development ..

Pensioners to celebrate Maharashtra Day

  NATIONAL Pensioners’ Welfare Association will be celebrating Workers Day and Maharashtra Day on May 1 from 6.30 pm at Shree Sai Mandir Dharamshala, Ayodhya Nagar. Mukund Muley, President of the Association will preside over the programme. The chief guest on the occasion will be Dr Sunita Lavange, Shripatrao Mahajan, Govindrao Vairale, Dada Zode, Dr Arun Ghaywat. function in large numbers, informs a press release issued here. The programme will also highlight the problems of ..

Finally, realty market looks up first time since RERA

 Business Bureau: The realty market, which was under tremendous stress since the implementation of the Rera and other structural reforms two years ago, is showing some signs of the revival with the number of new unit launches rising significantly in H2 of 2018, say industry experts. The Real Estate (Regulation and Development) Act (Rera) 2016 came into effect from May 1, 2017 and Maharashtra was the first state to implement it by setting up MahaRera. According to property consultant Knight ..

7 Allen students in JEE-Main AIR top 20

7 Allen students in JEE-Main AIR top 20..

I-T Deptt to soon share turnover with GSTN

  Business Bureau: The income tax department will share data with GST Network (GSTN) on important financial parameters such as status of I-T returns filing, turnover and income of businesses, as the authorities seek to plug loopholes and nab tax evaders. Income tax officers and GSTN, the company that handles the information technology backbone of the new indirect tax regime, will also decide on the modalities for “automatic” and “spontaneous” exchange of data ..

India Ratings lower GDP growth projection

  Business Bureau; India Ratings and Research Tuesday marginally lowered country’s GDP growth projection for 2019-20 fiscal to 7.3 per cent mainly due to below normal monsoon prediction and loss of momentum in industrial output. The Fitch group company had earlier projected India’s gross domestic product (GDP) growth at 7.5 per cent. The key reasons for the downward revision are the prediction of lower-than-normal monsoon for 2019 and continued agrarian distress, and the ..

Summer collection for kids at Gaysons-Tots & Teens

  Business Bureau: GAYSONS-TOTS & TEENS, Nagpur’s very own shopping paradise for kids has introduced fresh new arrivals for the summer season with a brand new range of cool casuals as well as hot party wear and ethnic dresses for kids. Entire range in swim wear is also available with swimming costumes, caps and goggles for boys and girls.  The true colours of summer are showcased for girls (age 0-14 years) in the new ethnic collection of ball gowns, lachas, chudidars ..

AIRSWEEE to conduct workshop on May 1

  Business Bureau: AIRSWEEE along with TiE Nagpur will conduct a three-hour workshop on May 1 to provide hands-on training to women entrepreneurs. The participants will get a chance to learn and practice their pitches followed by a presentation of pitches. The workshop will up-skill one’s elevator pitch and let seasoned entrepreneurs give them the personalised feedback. Rita Aggarwal, TiE Charter Member and AIRSWEEE Director, India has urged women entrepreneurs to take advantage ..

Plus size ethnic stock at Jinaam, Dharampeth

  Business Bureau: MANTRA Fashions, Dharampeth, an exclusive brand store of Jinaam, Mumbai and other leading designer brands has introduced new ethnic collection in mens regular and plus sizes besides kids ethnic wear for boys. The store offers sherwani, Indo-western in latest cuts and regular designs, Nawabi coat suits, Jodhpuri suits, Modi jackets, blazers, Pathani sets, regular and designer kurta sets in traditional, cotton, linen etc., for men and kids, informs a press release issued ..

Farmers should go for organic farming: Om Jajodia

  Business Bureau: Om Jajodia, Proprietor, Krishi Kranti Kendra called upon farmers to go for organic farming so that their income would increase manifold. Jajodia was speaking at a session on ‘Cultivating nursery as a business’ organsied by Lady Entrepreneurs’ Wing of Vidarbha Industries Association (LEW-VIA) to market the celebration of Earth Day. He explained the importance of organic farming. He shed light on the opportunities in the organic farming and weak points ..

M S Pande & Sons, Sitabuldi restarts sales, service facility

 M S Pande & Sons has restarted its sales and service facility for customers after the shop was partially demolished. The restructuring work has been completed and the shop has restarted its operations at Variety Square, Sitabuldi.  The outlet displays complete range of pressure cookers, gas stoves, chimneys, water purifiers, mixers, chakkis and a wide range of exclusive crockery items all under one roof. The shop is located in the heart of the city. On the auspicious occasion of Ashaya ..

Traders hail Govt decision to hike Import Duty on wheat

  Business Bureau: UNION Government has increased Import Duty on wheat from 30 per cent to 40 per cent. This will help farmers in the country as there is ample production of wheat this year, said Pratap Motwani, Secretary of The Wholesale Grain and Seeds Merchant Association. “It a decision taken at a proper time and will directly benefit farmers,” he said. Finance Ministry has taken out notification in this regard that the Import Duty has been increased to 40 per cent. ..

Consumer products distributors told to remain united

  Business Bureau: The new body of Consumer Products Distributors Association (CPDA), Nagpur for the year 2019-21 was installed on Sunday at Hotel Centre Point, Ramdaspeth, Nagpur. Sunil Bhatia of Rajesh Sales Agency, has taken over as President in presence of B C Bhartia, National President of Confederation of All India Traders (CAIT) and Dhairyashil Patil, President of AICPDA. On the occasion, Sunil Bhatia said that the members of the association help the economy of Nagpur by providing ..

‘Housing sales down 5 pc on changes in GST rates’

  Business Bureau: HOUSING sales dipped by 5 per cent to 75,706 units in nine major cities during January-March period because of transition in GST rates, according to a report by property brokerage firm PropTiger. The company, which is part of News Corp-backed Elara Technologies that also owns Housing.Com and Makaan.Com, on Monday released its ‘Real Insight Report’ for Q4 2018-19 that tracks housing sales and new launches in nine major cities -- Bengaluru, Kolkata, Mumbai, ..

Election-related uncertainty to weigh on economic activity, says report

   Business Bureau:  According to Dun and Bradstreet’s (D&B) latest Economy Forecast, subdued consumption demand and election related uncertainty is expected to weigh on India’s industrial production  THE decline in economic growth momentum in October-December quarter of FY19 is likely to continue, largely owing to election related uncertainty, says a report. According to Dun and Bradstreet’s (D&B) latest Economy Forecast, subdued consumption ..

Traders should use credit cards: Bhartia

  Business Bureau: It is high time that the traders become smart while settling business transactions. They should know how to become technology savvy and use facilities and technology to reduce cost of financing business. If the traders start their business spending through credit cards, they can enjoy saving on interest and hassle free credit by doing purchases through credit cards. The traders can link the payment of credit card due dates to their business Bank Account to ensure ..

JIT receives prestigious CEGR award

  Business Bureau: Jhulelal Institute of Technology (JIT) has made everybody proud, as it receive Outstanding Engineering College in Maharashtra for Industry Interface, Skill and Research award declared by Centre for Education Growth and Research (CEGR), New Delhi at a grand function in Delhi. Mahesh Sadhwani, Chairman of JIT received the award at the hands of Prof. K K Agrawal, Chairman, National Board of Accreditation (NBA) in gracious presence of Prof A P Mittal, Secretary, AICTE. ..

Overwhelming response to Mamta Chouhan’s English Classes

  THE language that is a must for every student in today's education and in various competitive exams. Effective English to read, write and to speak brings confidence and success in life. A well equipped centre to impart English coaching to students where Mamta Chouhan, is successfully running an English Coaching Classes for both State and CBSE students since past 25 years.  Giving best results year by year.As per Chouhan, they have now started a new batch for Xth and XIIth class students ..

Apparel exports to see flat growth

  INDIA’S apparel exports are expected to remain flat during this financial year and the first half of next year due to decline in overseas demand, especially in the UAE, according to a report. Apparel exports which was expected to grow steadily in coming years, maintaining a CAGR of 12.06 per cent to touch USD 82 billion by FY21. , has dampened due to recent decline in overseas demand. The overall market demand is pessimistic and the exports has been declining in the key export markets. ..

‘Give priority to electrification of 2, 3 wheelers’

 Business Bureau: After launching electrical vehicles, mostly four wheelers on Indian streets and e-taxis at Nagpur, a report prepared by a think-tank has strongly recommended to tackle electrification of two and three-wheeler segments first since small vehicles dominate Indian roads. Looking at the growing popularity of small vehicles and their usage among individuals, it is imperative to shift them from conventional fuels towards battery operated or other cleaner mode of energy usage. ..

Fitch Ratings sees risks to oil marketing cos

   Business Bureau: Financial profiles of State-owned oil marketing companies such as Indian Oil Corp (IOC) may be at risk in the near to medium term due to pressure from the government to increase shareholder returns, Fitch Ratings said Friday. Struggling to meet budget targets, the Government had in the just concluded fiscal (2018-19) asked cash-rich PSUs to pay second interim dividend as well as undertake share buyback. The share buybacks, wherein a company repurchases its shares ..

Businesses can use IGST credit to settle Centre, State tax dues: CBIC

  Business Bureau: Businesses that have accumulated Integrated GST (IGST) credit in their books can settle it against Central and State tax dues in any proportion, the revenue department has said. Importers typically pay IGST on goods they bring into the country. Also IGST is paid on inter-state movement of goods. This tax is supposed to be set-off against the actual GST paid, or may be claimed as refund in certain cases.  The Central Board of Indirect Taxes and Customs (CBIC) ..

Multiplexes run post-midnight shows to meet ‘Avengers: Endgame’ mania

 By Aasawari Shenolikar: Movie tickets touch Rs 600 mark For the first time in the history of movie watching tickets are priced between Rs 380 to Rs 600 in multiplexes. Apart from this, it is for the first time shows as early as 1:30 am are being held in the city.  “I am going for the 6am show tomorrow morning. And I am going alone,” says Harsha, a youngster who stays in Kamptee and who incidentally is a die-hard Avengers fan. Having watched all the previous movies, ..

Trujet to start Hyderabad-Nagpur-Ahmedabad flight

  Business Bureau: The company promoted by Turbo Megha Airways Pvt Ltd will operate ATR 72 Aircraft on the route that will have capacity of 64 passengers  Hyderabad-based air line company - Trujet - is all set to start commercial flight on Hyderabad-Nagpur-Ahmedabad route from June. The company promoted by Turbo Megha Airways Pvt Ltd will operate ATR 72 Aircraft on the route that will have capacity of 64 passengers. L N Sharma of Pawansut Travels Pvt told The Hitavada on Saturday ..

Bapat Bosch Brand Shop celebrating anniversary

  Business Bureau: BAPAT Bosch Brand Shop is celebrating its third anniversary between April 27 and April 29. To mark the event, the Shop has announced several offers. Bosch products, world famous for its engineering , advanced technology and quality, are being offered on special discount.  Bosch products are available at Bosch Brand Store located in Pratap Nagar. It includes refrigerator, washing machine (top load and front load), dish washer and of course the built-in kitchen ..

Upto 70% off on ethnic collection of VASANSI Jaipur

  The top-notch collection of one of India’s finest ethnic fashion brands, VASANSI Jaipur, will be available at up to 70 per cent off at Chitnavis Centre from April 27 to May 1. VASANSI Jaipur is cherished for its vibrant designs, intricate handwork, authentic fabric, and irresistible product range across the globe. This high-end label is also popular amongst Bollywood celebrities, many of whom have flaunted its collection at multiple gala events and parties.   What makes ..

Admissions open at Anand Maths Academy

  ANAND Maths Academy of Prof Anand Mulmule is one of the leading coaching centres of Mathematics for class 11, 12, JEE, NDA, MHT-CET aspirants in the city. Anand Mulmule is having 15 years teaching experience in Mathematics and he has sent many students to prominent engineering colleges throughout India. Student must take the benefit of this Academy as teaching methodology of the academy is focused on clarifying the concept from basic level to highest level of competition.   Mulmule ..

Calcium laddu at World’s Best Dryfruits

  WORLD’S Best Dryfruits is making calcium laddu for the past 22 years with only natural ingredients like almonds, dates, figs, gum, pure ghee for vitamin B12 and traditional 32 herbs like kamarkas, sonth, safed musli etc. Post pregnancy women’s body loose half of body’s calcium and if lost calcium is not recovered within six months then the woman can suffer back pain, body pain, Spondylitis, etc.  Worlds Best Dryfruits is the only place in the city where one can get ..

‘Processes foretell possibilities of achieving final product quality’

  Business Bureau: The Institute of Indian Foundrymen (IIF), Nagpur Chapter has organised a technical lecture on the topic ‘Process Centric Inspection: A tool to improve profitability’. The chief guest of the programme was Rakesh Shrivastav, Chairman of Institute of Engineers, Nagpur. The guest speaker for the event was Nilesh Kawade, Director of Design Guru Engineering Services LLP, Pune. Also present were Anuja Sharma, Treasurer IIF Western Region (WR) and Sushil Sharma, ..

‘Keep data ready before filing annual returns’

  Business Bureau: The Taxation and Corporate Law Forum of Vidarbha Industries Association (VIA) organised a session on “GST Annual Returns” on Friday at VIA Hall located in Udyog Bhawan in Civil Lines. Suresh Rayalu, Senior Superintendent of Central GST, Central Excise, Nagpur – I, was the key speaker on the occasion. He said that Rule 80 of CGST Rules, 2017 and its Pre Condition, GSTR-1 and GSTR-3B must be filed. One can pay short paid taxes with this return but ..

‘Resolution plans under IBC have yielded 200% of liquidation value’

‘Resolution plans under IBC have yielded 200% of liquidation value’..

Deadline to submit claims extended till July 31: PACL

 INVESTORS of PACL can submit their applications seeking claims till July 31, with R M Lodha committee extending the deadline.The deadline for submitting applications was to end on April 30. “However, in view of representations received, the committee has decided to extend the last date of receipt of applications from April 30, 2019 to July 31, 2019,” Securities and Exchange Board of India (Sebi) said in a release on Friday In Feb this year, committee decided to receive claims ..

NCLT issues contempt notices to Axis, StanC CEOs and IL&Fs’ Bawa

 THE NCLT on Friday issued contempt notices to the heads of Axis Bank and StandardC for allowing the former head of ILFS Financial Services Ramesh Chandra Bawa to withdraw money and access the lockers in breach of its orders, and directed them to reply in two weeks. The tribunal posted the matter for further hearing on June 7. The Mumbai bench of the National Company Law Tribunal (NCLT) issued contempt notices to Axis Bank Chief Executive Amitabh Chaudhry, Standard Chartered Bank India Chief ..

Clean-up has Yes Bank in Rs 1,506-cr net loss

UNDER a new head after the forced exit of its promoter-Chief Executive Rana Kapoor, Yes Bank on Friday reported a whopping Rs 1,506 crore of net losses for the March quarter as against a profit of Rs 1,179 crore in the year-ago period as provisions soared over nine-times. Higher provisions for possible reverses, including a massive Rs 2,100-crore contingency reserve, was prime reason for massive losses, bank said. The heavy quarterly loss crimped full year profit at Rs 1,720 crore as against ..

Ruchi Soya insolvency: Lenders to vote on Patanjali’s offer next week

  LENDERS of debt-ridden Ruchi Soya will vote on April 30 to decide on Baba Ramdev-led Patanjali Ayurved’s revised Rs 4,350 crore bid for the edible oil firm, sources said. Patanjali, the lone player left in contention after the exit of Adani Wilmar, had last month increased its bid value by around Rs 200 crore to Rs 4,350 crore for the Madhya Pradesh-based Ruchi Soya. This excludes capital infusion of Rs 1,700 crore into the company. Sources said the Committee of Creditors (CoC) ..

HDFC Life net profit rises to Rs 364 cr in Mar qtr

 HDFC Standard Life Insurance on Friday reported a 5 per cent rise in standalone net profit to Rs 364.01 crore for the fourth quarter ended March 31.It had registered a net profit of Rs 346.84 crore in the corresponding quarter of 2017-18.The company’s total income increased to Rs 14,374.56 crore during the quarter, from Rs 8,134.61 crore a year ago.“In line with our stated strategy, we continue to focus on profitable growth and providing the best value proposition to our customers, ..