Bussiness

Global IT spending to reach USD 3.9 trillion: Study

Worldwide IT spending is projected to total USD 3.9 trillion in 2020, an increase of 3.4 per cent from the previous calendar year, according to the latest forecast by Gartner, Inc. Global IT spending is expected to cross into USD four trillion territory next year, the research firm said. “Although political uncertainties pushed the global economy closer to recession, it did not occur in 2019 and is still not the most likely scenario for 2020 and beyond, said John-David Lovelock, distinguished research ..

NVCC opposes growing businesses of Amazon, Flipkart in India

Nag Vidarbha Chamber of Commerce (NVCC), the apex body of 13 lakh traders in Vidarbha, strongly opposed the growing businesses of Amazon and Flipkart in the country saying that the companies the companies are posing big threat to small traders here. The office-bearers and members of the chamber raised slogans against the companies here recently to mark their protest. ..

Allen Career Institute, Urich Grace Infra start residential coaching facility

ONE of India’s leading engineering and medical entrance examination coaching institutes --Allen Career Institute and Urich Grace Infrastructure Pvt Ltd have started the residential coaching facility to outstation students. ..

VIA discusses merchant exporters’ issue with FM

A delegation of Vidarbha Industries Association (VIA) met Union Finance Minister Nirmala Sitaraman recently and highlighted the difficulties being faced by the merchant exporters in getting ITC refund and by the directors of the strike off companies. Union Agriculture and Rural Development Minister Narendra Singh Tomar was also present on the occasion. ..

Jewellery sector seeks reduction in gold customs duty to 6 per cent

AHEAD of the Budget, gems and jewellery industry has sought reduction in import duty on gold to 6 per cent and on cut and polished diamonds to 2.5 per cent to revive the sector. “The high duty of 12.5 per cent on gold coupled with the goods and services tax has made buying jewellery very costly, affecting consumer demand. After the Budget last year, we have met the Finance Minister several times and we are positive that the Government will look into the industry plight and reduce the customs duty ..

BMS, Vidarbha Unit celebrates birth anniversary of Dattopant Thengadi

The birth anniversary of late Dattopant Thengadi, founder of Bharatiya Mazdoor Sangh (BMS) was celebrated with great enthusiasm by BMS, Vidarbha Unit. As a part of celebration, two days training programme was organised at Ahilya Smarak Mandir on January 11 and January 12. Candidates who are below the age of 40 years were given training so that they can became the member of the BMS. Dr Sudhakar Kulkarni, Convenor of Bharatiya Mazdoor Sangh, Western Unit inaugurated the training programme...

Sanskruti offers winter sale up to 50% off

PEOPLE should choose their winter wear with central India’s ethnic clothing pride Sanskruti. Sanskruti is offering winter sale with up to 50 per cent off to the customers. One can beat the city’s weather with quality fabric outfits and fill the wardrobe with a unique ethnic collection. The complete ethnic wear store is prepared to offer customers a memorable collection this season with its vast exclusive range of clothing and accessories. Sanskruti is women’s first choice when it come to clothes...

Vaastu Vision Furniture Expo to start from 17th

VAASTU Vision: Furniture, Interior and Lifestyle Expo one of central India’s most prestigious exhibitions will be starting at Deshpande Hall premises, opposite MLA Hostel, Civil Lines from January 17 to 20. If one is thinking of adding a personal touch of glamour to a corner of the home, this is the chance to find some super cool stuff from across the country all under one roof at Vaastu Vision Furniture Exhibition, India’s biggest furniture and interior show...

CAIT stage strong protests against Amazon in 300 cities

Strongly opposing India’s visit of Amazon founder Jeff Bezos, more than 5 lakh traders join hands in strong protests in about 300 cities across country on Wednesday on the call of the Confederation of All India Traders (CAIT). ‘Jeff Bezos Go Back,’ ‘Amazon Go Back’ slogans greeted Jeff Bezos in these protests against unethical business module of Amazon. About 5,000 trade associations participated all over the country.. CAIT lashed out big corporates for taking side and support to Amazon...

RBI asks issuers to provide facility to switch on, off cards to prevent frauds

The RBI on Wednesday asked banks and other card-issuing companies to provide facility to customers to switch on and off their debit or credit cards, a move aimed at enhancing security for digital transactions. As over the years, the volume and value of transactions made through cards have increased manifold, the RBI also said that at the time of issue or re-issue, all cards (physical and virtual) should be enabled for use only at contact based points of usage (ATMs and Point of Sale (PoS) devices] ..

Ficci suggests formulation of national Railway plan

Industry chamber Ficci has suggested the Government to formulate a national railway plan and reform procurement policy and processes to facilitate industry participation in the rail sector. It has also recommended phased manufacturing programme, expansion of PPP (public-private partnership) model to newer areas, and closer collaboration with industry for absorption of technology...

Assocham for cut in GST rates by 25 per cent across board

INDUSTRY chamber Assocham on Wednesday urged the Government to reduce GST rate by 25 per cent across the board for the next six months with a view to boost investment and demand. The industry body said that it is not the time to worry about widening fiscal deficit as in the current circumstances, deficit financing will not be in an issue. “The first radical suggestion is that GST rate should be cut across all slabs by 25 per cent for the next six months in order to kick start the economy...

‘Consumer lending growth slips to 13 pc in Dec quarter’

CONSUMER lending growth slipped for the sixth consecutive quarter to 13.1 per cent in December 2019 quarter, as compared to 23.2 per cent in the year-ago period, a credit information company said on Wednesday. Amid the slowing growth, consumer loan delinquencies showed an uptick, with the NBFC (non-bank financial company) sector experiencing an aggravation of troubles and the loans against property (LAP) segment being most impacted, the data by Transunion Cibil showed...

Govt likely to take more steps to deal with financial sector problem

THE Government is likely to take more measures to deal with the problem of financial sector, NITI Aayog Vice Chairman Rajiv Kumar said on Wednesday. Speaking at the book release of former Sebi Chairman U K Sinha, Kumar said this is a very different type of situation that the country facing. “Credit markets are jammed. It continues despite Government’s best efforts in the sense of assuring people. I believe some other steps are now in pipeline for further such adverse impact not to take place. “This ..

Silver prices skid by Rs 2,000 in local market

SILVER prices slipped from Rs 49,000 per kg to Rs 47,000 on Tuesday at the local jewellery market. During the Sankranti festival, the demand for the silver items multiplies as it is tradition among the ladies to distribute ‘Wan’ (gift articles) to their relatives and friends. However, sources said that the footfall at the jewellery shops was not upto the satisfactory level. Kishore Dharashivkar, President of Nagpur Sarafa Association and Team CAIT Nagpur said, “It is difficult to predict the jewellery ..

Will urge FM to probe alleged avoidance of GST by Amazon, Flipkart: CAIT

Traders body CAIT on Tuesday said it will urge Finance Minister Nirmala Sitharaman for an investigation into alleged avoidance of GST and income tax liability by both Amazon and Flipkart. “Amazon and Flipkart have caused huge GST and income tax revenue loss to the government and CAIT will soon meet the finance minister and urged her to institute a investigation into avoidance of GST and income tax liability on both Amazon and Flipkart,” CAIT said in a statement...

NVCC to hold LBT Reddressal Camp

Nag Vidarbha Chamber of Commerce (NVCC), the apex body of 13 lakh traders in Vidarbha, is organising a LBT Reddressal Camp from January 19 to January 25. The camp will be held at Nag Vidarbha Chamber of Commerce, Temple Road, Civil Lines. The timing of the camp will be from 10.30 am 4 pm. A delegation led by Ashwin Mehadia, President of Nag Vidarbha Chamber of Commerce met Sandip Joshi, City Mayor, Abhijit Bangar, Municipal Commissioner and Virendra Kukreja, Chairman of Standing Committee of Nagpur ..

Khaperkheda Thermal Power Station celebrates 30th Foundation Day

KHAPERKHEDA Thermal Power Station recently celebrated its 30th Foundation Day by organising various events like sports, cultural, entertainment and Anand Mela. The concluding programme was organised at Entertainment Hall -1, Khaperkheda. The chief guest on the occasion was Chandrakant Thopte, Director MAHAGENCO, also present were chief engineers Prakash Khandare, Dhairyadhar Khobragade, Rajkumar Taskar, Rajesh Patil, Dilip Dhakate, Deputy Chief Engineers Rajendra Raut, Sharad Bhagat, Sunil Sonpetkar ..

‘Real estate sector sentiments revive to optimistic zone’

Real estate sentiments in the country revived in December quarter and turned optimistic after two quarters on the back of several measures taken by the Government and the RBI to boost demand, according to a joint report by Knight Frank-FICCI-Naredco. After staying in pessimistic zone (below 50 mark) for two consecutive quarters, Knight Frank–FICCI–NAREDCO Real Estate Sentiment Index Q4 2019 survey showed that sentiments of real estate stakeholders in India was in optimistic zone at 53 in October-December ..

Govt may impose anti-dumping duty on medicine from China

The Government may impose anti-dumping duty on a Chinese medicine used to treat different kind of bacterial infections with a view to guard domestic players from cheap imports. The commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR) has initiated a probe into an alleged dumping of Ciprofloxacin Hydrochloride from China following a complaint filed by Aarti Drugs Ltd...

Edible oil industry body demands cap on import of refined palm oil

The Government should cap import of refined palm oil and palmolein at a maximum of 50,000 tonnes per month in order to protect local refiners and oilseed growers, edible oil industry body SEA said on Tuesday. The Solvent Extractors Association of India (SEA) also asked the government to restrict issue of licence for import of palm oil and refined palm oil. SEA made a representation in this regard to Commerce and Industry Minister Piyush Goyal. Last week, the government had imposed restrictions on ..

Retail inflation may force Reserve Bank to hold rates, says report

Retail inflation, which accelerated to 7.35 per cent in December and could breach 8 per cent in January, may force the Reserve Bank of India to hold rates in the monetary policy review next month, according to a report. Consumer Price Index (CPI) in December rose to about five-and-half year high of 7.35 per cent from 5.54 per cent in November, mainly driven by high vegetable prices. It breached the upper end of the RBI’s comfort level of 4 per cent plus-minus two percentage points. “RBI did not cut ..

Knowledge series session by TiE Nagpur on 18th

The TiE Nagpur Chapter will conduct a knowledge series session on ‘Chatbot – Use cases’. Mentor speaker of the session will be Shubham Rangari, PGP (18 -20, IIM Shillong). Shubham is an office-bearer of E–Cell IIM Shillong. He is a state winner of Startup India Meghalaya and runner up at Tata Crucible...

WCL CMD Mishra gets IMMA Excellence Award

Indian Mine Managers’ Association (IMMA) honoured Western COalfields Limited (WCL) CMD Rajiv Ranjan Mishra with ‘IMMA Excellence Award-2020’ recently. Mishra was honoured in recognition of his visionary leadership to bring a paradigm shift in operations of the company.Mishra gave credit of the achievement to ‘Team WCL’, informs a press release...

BSE to introduce liquidity enhancement scheme in Brent crude oil from Feb

The BSE will introduce a liquidity enhancement scheme in Brent crude oil futures from February 1 to boost trade in the commodity derivatives segment, the stock exchange said on Tuesday. Under the liquidity enhancement schemes (LES), brokers and other market intermediaries are given incentives for a specified period of time to bring in liquidity and generate investor interest in securities that have limited trading activity. In a circular, the BSE said the exchange “shall introduce liquidity enhancement ..

Market investors set eyes on Budget 2020

THE stock market participants are anticipating an industry friendly Budget with Finance Minister announcing big bang reforms to boost India’s economic growth rate. The investors are expecting that the worst is over for the economy and have set their eyes on Q3 earning growth and Union Budget, said CA Kailash Jogani while talking to The Hitavada. He said that the investors can rest assured that the there are positive signs of GDP growth rate bottoming out at 5 per cent...

KC’s Australia, New Zealand Education Fair on Jan 18

Krishna Consultants (KC), which ceaselessly strives to offer the best of the overseas education preferences to the aspirants, is all set once again to organise an exclusive Australia & New Zealand Education Fair in city. The Overseas Education Fair will open new avenues for students aspiring to study in either of the countries and help them in getting a step closer to their dream. Interested have to walk into the seminar hall of Krishna Consultants at IT Park, Nagpur on January 18 from 11 am to 5 ..

Baidyanath gives Pt Ramnarayan Sharma Memorial National Award to 3 scholars

SHREE Baidyanath Ayurved Bhawan Pvt Ltd every year in the memory of its founder late Vaidya Pt. Ramnarayan Sharma along with Kavikulguru Kalidas Sanskrit University, Ramtek gives awards ‘Mahakavi Kalidas Sanskrit Varti National Awards’. The award is given to the personalities devoting their lives for promoting, developing and innovating new things in Sanskrit language...

Rachana 2020 concludes

RACHANA 2020, an exposition of building and interior designing materials, home and office automation system, building services and construction equipment which received a huge response from the people concluded on Monday. Rachana 2020 was organised by The Indian Institute of Architects (IIA), Nagpur Centre (Maharashtra Chapter) from January 10 to 13 at Ladies Club Lawn, Civil Lines...

‘Professional excellence goes beyond passing exam’

THE Institute of Cost Accountants of India, Nagpur Chapter organised a programme to felicitate the successful students for the term January to June 2019 in foundation, intermediate and final examination of CMA. There were 58 students who cleared the CMA examination of the Institute of Cost Accountants. A grand felicitation ceremony was recently organised at 243/3, CMA Bhawan, Laxminagar, Nagpur Chapter premises for their excellent performance in the examination...

‘Gross leasing of office space up 25%’

Gross leasing of office space increased by 25 per cent to an all-time high of 61.6 million sq ft across nine major cities during last year on better supply and demand conditions, according to property consultant CBRE. Earlier, Knight Frank India reported 27 per cent jump in office space leasing in 2019 at record 60.6 million square feet gross across eight cities, while JLL India had said that net office space leasing rose by 40 per cent last year across seven major cities to an all-time high of 46.5 ..

Textile Minister urged to intervene in CCI cotton sale

The Southern India Mills Association on Monday urged Union textile minister Smriti Irani to intervene in the Cotton Corporation of India trading policies and direct it to avoid holding cotton and sell it at market price on a regular basis to arrest price escalation. SIMA Chairman Ashwin Chandran said that as per market information, over 20 lakh bales of cotton have already been exported from the current crop and export might touch 60 lakh bales as against 50 lakh estimated by Cotton Advisory Board...

Economic slowdown hits jobs sector, says report

The economic slowdown has adversely impacted employment generation in the country as nearly 16 lakh less jobs are projected to be created in FY20 compared to 89.7 lakh fresh jobs in FY19, a report said. According to the SBI research report- Ecowrap, there is a decline in remittances in a few states like Assam and Rajasthan, reflecting downsizing of contractual labourers...

Overwhelming response to Best-seller Books Box sale

THE Best-seller Books Box sale is attracting huge crowd of book lovers. The knack of reading in Nagpur is fuelled by one of its kind book sale. The Best-seller Books Box, is under way at Maharana Pratap Hall at Shankar Nagar Square. The book sale will continue till January 19...

Syndicate Bank’s Law College Square branch inaugurated

SYNDICATE Bank’s MD and CEO , Mrutyunjay Mahapatra inaugurated the bank’s branch at Law College Square. D Palanisami, Zonal Manager and Sanjay Bhatale, Regional Manager were also present. The branch is under project Ananya, being a transformation programme that focuses on offering latest in digital banking services and improved customer services...

All New Mercedes GLC hits city roads

CENTRAL STAR, the sole Mercedes-Benz dealer of Vidharbha, on Saturday launched the New GLC-Most tech savvy ‘Made in India’ Luxury SUV equipped with the BS VI engine and Mercedes- Benz’s all new intuitive infotainment system – MBUX and luxury appointments, synonymous with ‘Three Pointed Star’ at its showroom in MIDC Hingna, Nagpur. Mercedes-Benz strives towards developing products centered around the customers aspirations, which ensure the best driving with an equally intuitive experience...

Develop Itwari station as terminal: Motwani to Rlys

Pratap Motwani, Secretary of The Nagpur Wholesale Grain and Seeds Merchants Association, recently urged the railway authorities to develop the city’s Itwari Railway Station as terminal. He was expressing his views at the Zonal Railway Users Consultative Committee (ZRUCC) held here. Gautam Benerjee, Divisional Manager, South East Central Railway, presided over the meeting while Pramod Kumar, Assistant General Manager; Himanshu Jain, Secretary to GM; Saket Rajan, Secretary to DGM; and other executives ..

Brijesh Dixit visits Comp-Ex 2020

THE last day at Comp-Ex’ 2020 yet again saw techno savvy people thronging the expo venue all day long to check out the array of IT products and services on display before the curtain came down in Reshimbagh Ground on Sunday evening. VCMDWA has not only succeeded in organising the expo for all the last 28 years gone by, but the excitement, participants, size, products, events and initiatives only kept changing for the better year after year...

Rachana 2020 to conclude today

ONE of the most exciting trade fairs -- RACHANA 2020 -- an exposition of building and interior designing materials, home and office automation system, building services and construction equipment is getting an overwhelming response from the people will be concluding today. Rachana 2020 is being organised by The Indian Institute of Architects (IIA), Nagpur Centre (Maharashtra Chapter) from January 10 to 13 at Ladies Club Lawn, Civil Lines. ..

COSIA urges EDII to promote MSMEs in Vid

The Vidarbha Chapter of Chamber of Small Industry Associations (COSIA) recently conducted an interactive meeting of various industrial associations of Nagpur with Entrepreneurs Development Institute of India (EDII) Ahmedabad. The meeting was convened by Chairman Vidarbha Chapter of COSIA Mayank Shukla along with core committee member CA Julfesh Shah. While addressing the representatives of local associations, Kruti Thakkar, inchage Maharastra region of EDII, said that EDII is an organisation working ..

Remove curbs on peas, urad imports to meet shortage of pulses: IPGA

IN VIEW of a likely shortage of some varieties of pulses, industry body IPGA recently demanded that the Government remove restrictions on import of peas and urad (black gram). Presently, import duty on peas is 50 per cent. On top of it, the Government had last month not only fixed a minimum import price (MIP) of Rs 200 per kg on peas but also allowed to import only 1.50 lakh tonne till March 2020 in a bid to restrict shipments and protect domestic farmers. In case of urad, the government has fixed ..

Solar power assn writes to Gadkari against NTPC’s tender conditions

State-owned NTPC Ltd’s refusal to exempt small and medium enterprises from earnest money deposits for its solar power tenders has riled an association of solar energy industry which has now petitioned the Government seeking its intervention. The National Solar Energy Federation of India -- an umbrella organisation representing solar energy companies -- on January 7 wrote to Nitin Gadkari, minister for micro, small and medium enterprises, seeking his intervention in issuing a direction to NTPC to abide ..

REITs, InvITs pick up steam; mutual funds pour in Rs 12,000 crore in 2019

EMERGING investment instruments REITs and InvITs seem to be finally catching investors’ fancy, with mutual funds investing a whopping Rs 12,000 crore in such units in 2019. Fund managers infused Rs 670 crore in real estate investment trusts (REITs) and Rs 11,347 crore in infrastructure investment trusts (InvITs) last year, according to the Securities and Exchange Board of India (Sebi). Mutual funds have increased their exposure in these investment avenues over the past one year...

Shukla Sir Classes crash course from Jan 16

SHUKLA Sir Classes, one of the well-known classes of the city, is all set to start crash course from January 16. Shukla Sir is known as a mentor and coach for JEE/NEET preparation. Under his efficient guidance, students can expect having their hidden potential activated and enjoy the best of their talents through the medium of the pure Sciences. The output shall be ensured through national testing agencies and coaching brands. Students may join now to get their ‘Zero to Hero’ journey...

Auto industry seeks bold fiscal measures to revive growth

IN MIDDLE of a prolonged slowdown, the automobile industry has asked the Government to take bold fiscal measures to revive the sector that has reported its worst-ever sales decline in two decades during 2019, industry sources said. In the upcoming Union Budget, the auto industry has sought measures, such as reduction in GST rates on vehicles and abolition of duty on import of lithium-ion battery cells, to encourage electric mobility...

‘Reduce basic customs duty on critical raw materials’

The aluminium industry has urged the Government to reduce the basic customs duty on critical raw materials like aluminium fluoride, stating that high import duties are a huge disadvantage as they make Indian finished goods costlier and uncompetitive in the international markets. “To improve the cost structure of the Indian Aluminium industry and enhance competitiveness, it is requested to reduce the basic custom duty on the critical raw materials,” the Aluminium Association of India (AAI) said. In ..

Massive response to Rachana 2020

RACHANA 2020 — an exposition of building and interior designing materials, home and office automation system, building services and construction equipment is getting a massive response from the patrons. Rachana 2020 exposition is being organised by The Indian Institute of Architects (IIA), Nagpur Centre (Maharashtra Chapter) from January 10 to 13 at Ladies Club Ground, Civil Lines. The timings are from 11 am to 9 pm...

Techno savvy, enthusiastic and curious visitors flock to Comp-Ex

The ongoing 28th edition of Comp-Ex’ at its new venue at Reshimbagh Ground is being flocked by techno savvy, enthusiastic and curious visitors. Saturday being a weekend, unprecedented footfall was experienced. Excitement to visit and explore the in-things in technology which touches daily lives of people by way of laptops, internet, mobile phones, security systems, communication and e-services applications is the crux of interest seen in the visitors...

Indian domestic passenger traffic hits 11.3% growth in November: IATA

Reaching double digits for the first time since January 2019, domestic passenger traffic growth in India jumped to 11.3 per cent in November as compared to the corresponding month of 2018, said global airlines body IATA on Thursday. “However, economic growth (in India) in the third quarter was the weakest in around six years amid a broad-based slowdown that is affecting many sectors of the economy...

Tanishq offers discount on diamond jewellery

Tanishq, one of India’s largest and most-loved jewellery brands, announced a wide range of discounts on their diamond jewellery across all collections. Customers can avail up to 20per cent off on various studded offerings from the brand. As the name suggests – the bigger, the better; the more you purchase, the higher is the discount offered. Tanishq diamonds are marked by a brilliance in craftsmanship and meet the highest standards of colour, clarity, carat, cut and class...

CaratLane launches its new collection ‘Mandala’

CaratLane, India’s leading Omni-channel jeweller has set forth with their latest collection- Mandala, which inspired by the graceful symmetry of the ‘Mandalas’, an age-old art form. It revives the essence of this soulful art form in contemporary designs, which are perfectly balanced and stylish from every angle. Each design in the collection features stunning diamonds set in lustrous 18Kt gold and is crafted using 3D printing technique to revive the intricate patterns in contemporary forms. For all ..

Anniversary offer at Calcutta Rolls on Jan 13 & 14

CALCUTTA Rolls has came up with exciting offer to mark its 18th anniversary wherein one can get 25 per cent off on parcel of its tasty non-veg cuisine’s. One can explore the magical tasty feast at Calcutta Rolls. The customers can enjoy the food along with comfortable interior ambience that makes it worth spending time in Calcutta Rolls on North Ambazari Road, Shankar Nagar,. It is maintaining good hygiene and offers quick services. The offer is valid only for January 13 and 14. Customers may visit ..

Suyog Mahila Udyojika Expo to end today

SUYOG Mahila Udyojika is conducting an exclusive exhibition of art, handicraft and textile. The grand Mahotsav exhibition cum sale from January 10 to January 12 is going on at Sahkar Mandir (Nakshatra Celebration Hall) at Pratap Nagar Square. The exhibition is showcasing products specially for Makar Sankrant festival. Exhibitors are showcasing their creativity and hand-made household articles and general items which includes black sarees and garments. The exhibition remains open from 11 am to 9 pm. ..

Markets remain upbeat as Mideast tensions recede

 EQUITY markets closed in the green for the second straight day on Friday as investors looked beyond geopolitical turbulence and wagered on a positive start to the earnings season.After rallying 323 points during the day, the 30-share BSE Sensex pared some gains to end 147.37 points, or 0.36 per cent, higher at 41,599.72.The broader Nifty scaled a fresh intra-day record of 12,311.20, before ending 40.90 points, or 0.33 per cent, up at 12,256.80.During the week, the Sensex advanced 135.11 points ..

‘Trai’s latest tariff order to stifle content creation’

  IN AN unprecedented move, top honchos from fiercely competitive TV broadcast industry on Friday came together against regulator Trai’s new tariff order on Friday, saying pricing caps on channels will stifle content creation, impact jobs and pull down growth. The Telecom Regulatory Authority of India’s (Trai) move aimed at reducing charges for subscribers is micro-regulation and puts the industry's future in “jeopardy,” the lobby grouping Indian Broadcasting Federation ..

Govt launches paperless licensing through PESO for road tankers

THE Commerce and Industry Ministry on Friday said, it has launched a paperless licensing process through the Petroleum and Explosives Safety Organisation (PESO) for road tankers for transportation, with a view to promote ease of doing business. This is a significant move towards paperless and green India that will provide simpler mechanism, ease of doing business to petroleum road tanker owners, the ministry said in a statement.“The Department for Promotion of Industry and Internal Trade has ..

2019 witnesses worst-ever decline in auto sales: SIAM

 THE automobile industry recorded its worst-ever sales decline in two decades in 2019, with an unprecedented slowdown hampering vehicle offtake across segments, according to industry body SIAM.As per data released by the Society of Indian Automobile Manufacturers (SIAM) on Friday, all vehicle segments reported de-growth last year as low consumer sentiments, weak rural demand and economic slowdown took toll on demand. Overall wholesale of vehicles during the year across categories, including passenger ..

Independent Director of Yes Bank Uttam Agarwal resigns

 YES Bank’s Independent Director Uttam Prakash Agarwal has resigned citing “serious concerns” on “deteriorating practices” and the state of affairs at the private sector lender. “I hereby tender my resignation from the office of the Independent Director of Yes Bank as also Chairman of Audit Committee and Member of all other Committees of the Board with immediate effect,” he said in his resignation letter addressed to Non-Executive Part Time Chairman Brahm ..

New collection at Rags Boutique

Rags Boutique has come out with latest designs from Maheshwar in sarees and suits. Multicolour buttas, plain with golden border, Meenakari, tissue in sarees and suits and in kurta dupatta sets are put on display. Delicate Bandhej, mirror work, Ajrakh fabric from Bhuj and Ahmedabad, stole, dupattas with traditional embroidery, Modal silk, indigo, Gamthi fabrics and much more are also available...

28th edition of Comp-Ex 2020 inaugurated

WITH rain Gods relenting, the 28th edition of Central India’s largest IT Event Comp-Ex’ 2020 was formally inaugurated at Reshimbagh Ground on Thursday . Vinay Dharmadhikari, President, Vidarbha Computer and Media Dealer’s Welfare Association (VCMDWA) inaugurated Comp-Ex’ 2020 in the presence of prominent office bearers of VCMDWA viz. Dinesh Naidu, Vice President, Lalit Gandhi, Secretary, Jayant Patel, Treasurer, Ranjit Umathe, Joint Secretary, Executive Members Sanjay Chaurasia, Rohit Jaiswal and ..

Royal Society recognition for SASTRA-Ramanujan Award

THE SASTRA-Ramanujan Award has earned the recognition of the Royal Society at England which in its December 2019 special issue of The Philosophical Transactions to commemorate the Centenary of Ramanujan’s election as FRS published a paper titled Ramanujan’s Legacy: The work of SASTRA prize winners...

Exclusive black saree collection at Satish Saree Stores & Saree Niketan

OVER the years Nagpur has developed into a major saree market in Central India. Satish Saree Stores is one of such name that has earned the trust of customers for quite some time now. Satish Saree introduces the wide range of black sarees for Sankranti as well as bridal wears, lehenga cholis, traditional silk sarees in pure Paithani, Dharmavaram, Sambalpuri, Maheshwari, Banarasi, gowns, designer suits, kurtis across the nation. Satish Saree has also introduced never-seen-before range to serve the ..

Assured monthly rental on flats in SDPL Classic

If you have recently sold any asset which has attracted Long Term Capital Gain, you can now save that tax by investing in an income earning pre-rented residential premises. You can earn committed assured rental income between Rs 31,500 to Rs 80,000 per month till April 2024. SDPL Classic on Wardha Road located just 500 metres off Wardha road is a great opportunity for investors...

‘Biosimilars global market to provide opportunity for select pharma firms’

THE biosimilars global market is on the cusp of exceptional growth and presents attractive opportunities for select domestic pharmaceutical companies in the years to come, according to rating agency Icra. The biosimilars global market, which stood at USD 5.9 billion in the calendar year 2018, is expected to grow to USD 23.6 billion by 2023, backed by several biologicals losing patent protection globally, Icra Research said in a statement. Select Indian pharma companies with strong research and development ..

Stop malpractices of e-commerce companies: CAIT

In the wake of visit of Amazon CEO Jeff Bejos to India and his likely meeting with Prime Minister Narendra Modi, the Confederation of All India Traders (CAIT) in a communication sent to Prime Minister on Thursday urged for a meeting with CAIT leaders delegation prior to his meeting with Amazon CEO to apprise the Prime Minister about factual position on this critical issue and how Amazon and Flipkart are destroying the business of small traders of the country...

Credit supply to commercial sector slows to multi-year low of 8.1 pc: Sidbi

AMID a slowdown in economic activity, state-owned Sidbi on Thursday said credit supply growth to the commercial sector has slowed to a multi-year low of 8.1 per cent for the 12 months ended September 2019. The data, put together in association with credit information company TransUnion Cibil, comes at a time when economic growth is estimated to slow to a decadal low of 5 per cent for 2019-20 and overall credit growth has slipped to 7.1 per cent for 2019. The total outstanding credit of the commercial ..

Family pensioners’ dharna today

In response to the agitation call given by General Insurance Pensioner’s All India Federation, Mumbai and family pensioners will observe three-hour dharna on January 10, 2020 from 10.30 am to 1.30 pm in front of United India Insurance Co. Limited, Regional Office, Shankar Nagar, Nagpur...

Workshop on ‘Bioenzymes’ on January 11

The Agro & Rural Development Forum of Vidarbha Industries Association (VIA) will conduct a workshop on ‘Bioenzymes’ on January 11 from 2:00pm to 5:30pm at VIA Auditorium, Udyog Bhawan, Civil Lines, Nagpur. Srikanth Ranganayakulu G, an expert on the subject will be guiding the participants...

VIA demands continuation of benefits under existing Textile Policy 2018-23

THE industrial delegation of VIA under the leadership of Prashant Mohota, Chairman of Energy Forum of VIA held a meeting with Dr Madhvi Khode, Commissioner of Textile, Government of Maharashtra at Nagpur. In the meeting, the delegation presented a representation on issues relating to electrical power subsidy. VIA members came to know through newspaper article that electrical power subsidy under the existing Textile Policy is proposed to be amended...

Rachana 2020 from January 10 to 13 at Ladies Club Ground

THE Nagpur Centre of The Indian Institute of Architects (AII) will be organising its 23rd edition from January 10, informed Ar Paramjit Ahuja, Chairman, IIA Nagpur while talking to media during a press conference on Wednesday. He added, the exposition will be inaugurated by Nitin Gadkari, Union Minister for Road Transport & Highways of India and Shipping Ministry of MSME on January 10, at 1 pm in the august presence of Ulhas Debadwar, Chief Engineer, PWD Region Nagpur and Ar Sunil Degwekar, National ..