Bussiness

Rawmatt to open 3 more LNG outlets

City-based Rawmatt Industries Pvt. Ltd, India’s first private sector LNG storage and dispensing facility in Nagpur, is all set to open three new LNG refueling stations here within next two to three months. The company is already operating two stations in the Nagpur - one located at Automotive Square and another at Wadi. The new stations will come up at Khapri, Hingna and Pardi. Apart from this, the company is also exploring opportunities to set up similar facilities on Ghat Road and other commercially ..

Jaika Kia delivers its first ‘Carnival’

Jaika Kia delivered its first Kia Carnival from Jaika Kia MIDC showroom recently. Kartik Kale, Dealer Partner of Kia Motors India believes, “We are proud to be partners of Kia Motors in India and bring some of the most innovative and global products to the region. We are confident of delivering the best of the products and service to our customers and ensure that Kia’s newest offering -the bold and sophisticated Kia Carnival – reaches the customers and resonates the value of sheer extravagance.”..

Berar Finance announces equity raise from Amicus Capital

Berar Finance Limited, a Nagpur based deposit taking non-banking financial company (NBFC) with focus on two-wheeler financing, on Tuesday announced an equity raise from Amicus Capital, a mid-market growth capital fund. This is the first institutional fund raise by Berar Finance. Berar Finance was founded by Maroti G Jawanjar..

‘Retail biz at transport hubs may grow to USD 21.6 bn’

RETAIL opportunities at transport hubs like airports, railways, metro, highways are expected to grow to USD 21.6 billion by 2030, according to a survey by property consultant Knight Frank. As per the survey, this growth is attributable to a healthy growth in passenger traffic as well as transport infrastructure in the country. It noted that the total retail opportunity across various transport hubs in India, such as airports, highways and bus stations, metro , railways, will grow manifold in new decade. ..

Sanjeev Pendharkar addresses MBA students

Vidyalankar Educational Campus, organised a big event in their specious auditorium at Wadala, Mumbai on February 22 in which Sanjeev Pendharkar was invited to address the students of MBA. While you are steering your cards into the beauty, aisles of super markets and departmental stores, on the hunt for natural and authentic personal care products, one thing you cannot afford to overlook is an appealing display of Vicco products, adorning the retail shelves on these stores...

Govt should stop issuing further licence for import of palmolien: SEA

EDIBLE oil industry on Tuesday urged the Government to stop issuing further licences for the import of palmolien, warning that it would further depress local prices ahead of the arrival of massive mustard seed crop. In a representation to the Commerce Ministry, Solvent Extractors Association of India (SEA) President Atul Chaturvedi noted that the Government banned import of RBD Palmolein a month back to check excessive imports but media reports said that the Directorate General of Foreign Trade (DGFT) ..

Aaditya Premium 5 getting good response from commercial plots seekers

Aaditya Premium 5 is getting stupendous response from commercial plots seekers on Wardha Road. One can book a plot by making a down payment of just Rs 51,000. Buyers can also avail 80 per cent finance from banks and institutions like State Bank of India, ICICI, HDFC, Axis Bank among others One of the most renowned developers of Nagpur Aaditya Infrastructures is offering a golden opportunity to fulfill the residential cum investment needs of the common people, says a press release issued here...

Nagpur gears up for ‘The She Fest 2020’

‘The She Fest 2020’, a two-day extravaganza to celebrate the International Women’s Day and felicitate the women of substance in India will be held at Hotel Centre Point, Ramdaspeth, Nagpur on March 7 and 8. The festival will be jointly organised by The Times of India, Tanishq, Maharashtra Times, MSME, MultiFit Nagpur, Doctor Modi, and Nation Next...

MCED to start EDP from March 3

Maharashtra Centre for Entrepreneurship Development (MCED) is organising Entrepreneurship Development Programme (EDP) from March 3 to March 21 at first floor, MCED Udyog Bhavan, Civil Lines. The topics that will be covered during the training programme include opportunities to start MSME, personality development, how to prepare project report, selection of project, information about various Government schemes and loans, administration, industrial visit etc...

‘Jan records PE investments worth USD 2.5 billion’

PRIVATE equity and venture capital (PE/VC) inflows started 2020 on a strong note as the month of January recorded investments worth USD 2.5 billion up 34 per cent over the year-ago period, a report said on Tuesday. According to the IVCA-EY monthly PE/VC roundup, PE/VC investments in January 2020 (USD 2.5 billion) were 34 per cent higher than the value recorded in January 2019 (USD 1.9 billion) and 41 per cent lower compared to December 2019 (USD 4.3 billion). In terms of number of PE/VC investments ..

Private market AUM grew by 10% to USD 6.5 trn in 2019: Report

PRIVATE market assets under management (AUM) grew 10 per cent in 2019 to an all-time high of USD 6.5 trillion and the increase was across all asset classes, McKinsey & Company said in a report on Tuesday. The report defines private markets as closed-end funds investing in private equity, real estate, private debt, infrastructure, or natural resources and funds of funds...

Gold prices touch all time high of Rs 43,300 per 10 gm in city

IT SEEMS that gold prices are defying the force of gravity and skyrocketing to new highs. On Monday, the gold prices rose by about Rs 900 to hit all time high of Rs 43,300 per 10 grams in the city. Similarly, silver was quoted at Rs 49,000 per kg. The main reason for the steep rise in prices is the insecurity felt by people due to the outbreak of coronavirus from China. This was revealed by Rajesh Khandelwal, Director of Khandelwal Jewellers, Dharampeth while speaking to The Hitavada on Monday. Khandelwar ..

‘Keep documents, records in true sense and spirit’

The Taxation and Corporate Law Forum of Vidarbha Industries Association (VIA) recently organised a tax awareness session - ‘Chhoto Chhoti Batein’ at VIA Hall.Renowned tax professionals of the city - CA Rajesh Loya and CA Shailendra Jain were the key note speakers. At the outset, CA Naresh Jakhotia, Treasurer - VIA, briefed about the concept of the programme to the audience and the results of small mistake in the tax laws. VIA President Suresh Rathi in his welcome address appreciated the event and ..

SIDBI, NSSH & DICCI launch ‘Swavalamban Sankalp’ campaign

The Small Industries Development Bank of India (SIDBI) in association with National Schedule Caste & Schedule Tribe Hub (NSSH) and Dalit Indian Chamber of Commerce & Industry (DICCI) will be jointly staring ‘Swavalamban Sankalp - Mega Campaign’ a series of one-day outreach, awareness and business opportunity programme pan India to give fillip to ‘Stand Up India (SUI) Scheme’. DICCI Founder Chairman Dr Milind Kamble announced this at a press conference on Sunday...

CII Vidarbha Zone annual meet today

CII Vidarbha Zone Annual Meet 2020 is being organised on February 25, 2020 at Millennium Hall, Hotel Centre Point, Ramdaspeth, Nagpur from 6 pm onwards. At the annual meeting, it will showcase the various initiatives that the Council had undertaken during the year and envisage a new agenda for the Vidarbha Region for 2020-21. The deliberations will revolve around the steps to be taken to maintain and sustain the region’s growth trajectory in the coming years and to leverage partnerships to achieve ..

Mid-market Indian biz leaders less optimistic in H2 2019: Report

OPTIMISM level of mid-market Indian business leaders have seen a dip of 10 percentage points in the second half of 2019 as compared to the first half but have displayed cautious optimism while entering 2020, says a report. Grant Thornton’s International Business Report (IBR) said with recent slowdown in real GDP growth to below 5 per cent, optimism level of mid-market Indian business leaders has seen a dip of 10 percentage points in H2 2019 to 69 per cent from 79 per cent in H1 2019...

Sebi reviews margin framework for cash, derivatives segments

MARKETS regulator Sebi on Monday reviewed the margin framework for cash and derivatives segments, in order to bring more efficiency in the risk management system. The move has been taken to keep pace with the changing market dynamics and to bring more efficiency in the risk management framework. The framework, which has been prepared in consultation with the capital markets regulator's Risk Management Review Committee, will come into effect from May 1 this year, the Securities and Exchange Board of ..

RBI’s new motto ‘cash is king, but digital is divine’

WITH ‘cash is king, but digital is divine’ motto, the Reserve Bank on Monday said, its endeavour will be to make digital payments a divine experience for the users after being buoyed by over Rs 3.5 lakh crore reduction in the notes in circulation (NIC) post demonetisation. In its assessment of the progress of digitisation from cash to electronic, the Reserve Bank of India said while there is no accurate measure of cash payments in the country, ..

Rewatkar and Sadalwar to lead committee of RKKMS (INTUC)

The Regional Committee of Nagpur-Wardha Region of Rashtriya Koyla Khadan Mazdoor Sangh (RKKMS) INTUC has been elected. Gangadhar Rewatkar, Laxman Sadalwar and Tapan Banarjee elected as President, General Secretary and Treasurer respectively...

New e-form to reduce time, cost for starting business: Govt

THE Government on Monday introduced a new electronic form for incorporation of companies, saying the initiative will help in reducing time and cost of starting a business in the country. SPICe+, an integrated web form, would have two parts -- for reserving names for new companies and providing various services at the time of incorporation. “Registration for EPFO and ESIC shall be mandatory for all new companies to be incorporated through SPICe+ and no EPFO and ESIC registration numbers shall be separately ..

Planning to join hands with industries assns for brand building: CS Pahade

THE job of Company Secretary (CS) has wide scope than yesteryears, said CS Tushar Pahade, ChairmanofPractisingCompany Secretaries (PCS) Committee of Western India Regional Council (WIRC).PahadewastalkingtoThe Hitavada in an exclusive interview after being elected as Chairman of PCS. He is the first from the city to represent theWIRC of Company Secretaries and to lead a committee. Pahade added that for thosewhoaredoingpractiseafter completing the Company Secretary course has now many new avenues like ..

S Q Zama to attend ‘Global Cut: The Dust Conference’

INMF - INTUC is affiliated to IndustriALL Global Union with its headquarter at Geneva (Switzerland). On invitation from Australia’s largest Trade Union “Construction, Forestry, Mining and Energy Union (CFMEU), S Q Zama, Secretary General, INMF (INTUC) has left Nagpur on February 23, 2020 to Delhi enroute to Melbourne and onward journey to Gold Coast Airport near to Queensland Area to attend ‘Global Cut: The Dust Conference’ at Gold Coast, Queensland, Australia from February 25 to February 27, 2020...

Credit link subsidy scheme on home loans for MIG I&II will end on 31st

IFYOU want to ownahouse and avail subsidy upto Rs 2.35 lakh under PMAY, you have less than 45 days to go as the part of credit linked subsidy scheme is getting over by by March 31, 2020. Sogearupandfinalize thedream home immediately. The Credit Linked Subsidy Scheme (CLSS) was introduced in June 2015 under the Pradhan..

VTA demands Home Minister Anil Deshmukh to implement Disha Act

STATE Home Minister Anil Deshmukh recently visited Andhra Pradesh and met their Chief Minister Y S Jagmohan Reddy to study implementation of ‘Disha Act’ in Andhar Pradesh whichseeksfast-trackcourtsand time bound delivery of offenses againstwomenandchildren,furthermore which awards death penalty. Vidarbha Taxpayers Association (VTA) had also recently requested State Governmenttoprepare a similar act for Maharashtra as the crime againstwomenandchildrenand growing countrywide and many are from our state ..

AC prices to go up by 5 per cent due to customs duty hike

SEASON for air-condition sales is going to start soon, and the sector is bracing for a hike of up to 5 per cent, amid combined impact of customs duty hike on compressors and increased logisticscostsduetocoronavirus outbreak in China, which is the main supplier. Amid Coronavirus scare, several manufacturers expect 2020 to be a challenging year for the industry as they are going to airlift component such as controllers, compressors and other materials from China, Thailand and Malaysia and the increased ..

Coal imports at major ports slip 15 pc to 75 MT in Apr-Jan

THERMAL coal imports at the country’s 12 major ports declined 14.98 per cent to 74.60 million tonnes(MT)duringApril-January this fiscal, as per a report by the Indian Ports Association. The Centre-owned ports had handled 87.74 MT of the dry fuel in the same period of the previous year. The Indian Ports Association (IPA),which maintains cargo data handled by these 12 ports, in its report said“ percentage variation from previous year” in thermal coal handling was at 14.98 per cent. Imports of coking ..

BSNL employee unions call for nationwide hunger strike today

STATE-RUNtelecomfirm BSNL’s employee unions have called for a nationwide hunger strike on Monday, to protest against delay in execution of the Rs 69,000- crorerevivalpackageannounced by the Government. “The All Unions and Associations of BSNL (AUAB) is organisingacountry-widehunger strike on February 24, 2020. This hunger strike is being organised to demand the expeditious implementation of the Union Cabinet’s revival package in respect of BSNL, as well as to demand settlement of the grievances of ..

Efforts on to include G-Secs in global indices soon: Das

RESERVE Bank of India Governor Shaktikanta Das has said the central bank has already initiated discussions with some institutions and efforts are on for inclusion of Government bonds in global indices as quickly as possible. The development would attract higher foreign flows as many overseas funds are mandated to track global indices. It will help bring in large passive investments from overseas, as a result more domestic capital would be available for industry as crowding out to that extent would ..

Coal supply by CIL to power sector declines 7 per cent

STATE-OWNED CIL’s coal supply to the power sector registered a decline of 6.8 per cent to 377.86 million tonnes (MT) in the the April-January period of the ongoing fiscal.The commodity despatch by Coal India (CIL) to the power sector in the year-ago period was 405.61 MT, according to official data. However, the coal despatch by CIL to the power sector in January registered an increase of 2.9 per cent to 43.20 MT, over 42 MT in the corresponding month of the previous fiscal, it said. The supply ..

‘Coronavirus outbreak unlikely to impact company’s transition to BS-VI regime’

HINDUJA Group flagship firm Ashok Leyland on Friday said it currently doesn’t foresee the coronavirus outbreak affecting its plans for migration to BS-VI emission norms, although some of its component suppliers source parts from China.The commercial vehicle manufacturer, which on Friday delivered its BS-VI compliant modular platform vehicles to select customers, also said it doesn’t see demand bouncing back in the first two quarters of next fiscal.“While we do not have any direct ..

Asian markets fall on fears of over spreading virus

  A SPIKE in new virus cases outside China spooked Asian markets on Friday after Wall Street pulled back from record highs as more companies warned earnings could be hurt by the epidemic. More than 2,200 people have died from the novel coronavirus, which has infected over 75,000 people, mostly in China, and spread panic around the world.While Beijing claims its epidemic control efforts are working, the rising death toll and number of new infections abroad have rattled investors. A batch ..

LTI enters Nifty Next 50 Index

  NATIONAL Stock Exchange of India Ltd (NSE) has included technology consulting and digital solutions company Larsen & Toubro Infotech (LTI) in its Nifty Next 50 Index. LTI got listed in July 2016, and the company has grown rapidly during last the four years, leading to this significant milestone in its growth journey, it said in a release. The NIFTY Next 50 Index is computed basis free float methodology i.E taking the firm’s equity price and multiplying it by the number of shares ..

Paytm Bank partners with Ola, Uber for FASTags

   PAYTM Payments Bank (PPB) on Friday announced it has entered into a strategic partnership with ride-hailing companies Ola and Uber. The tie-ups would empower over one lakh driver-partners to conveniently use Paytm FASTags and seamlessly commute across the country, the PPB said in a press statement. PPB has set up 12 camps at Uber Green zones across different cities for drivers to purchase and use FASTags. It is also working with Ola at Bengaluru airport and other local locations ..

‘Virus may slash $29 bn from airlines revenue’

  THE outbreak of the new virus threatens to erase $29 billion of this year’s revenue for global airlines, mostly for Chinese carriers, as travel crashes worldwide, according to the International Air Transport Association (IATA).The trade group for global airlines said on Thursday that the virus causing COVID-19 has the potential for causing a 13% decline in demand for Asian carriers this year.The contraction comes at a time when Asian airlines’ sales had been growing, the group ..

USIBC appoints Vijay Advani as new Chair of Global Board

  THE US-India Business Council on Friday said it has appointed Vijay Advani as new Chair of its Global Board of Directors. Advani has taken the charge as Board Chair at a time of significant growth in US-India bilateral trade, which reached USD 160 billion in 2019. Prior to assuming his current role as Executive Chairman in January 2020, Advani served as the CEO of Nuveen. Earlier, he was also Co-President of Franklin Templeton Investments. Advani has spent over a decade at the World Bank, ..

Muthoot Finance raises USD 550 million via bonds

GOLD loan financier Muthoot Finance on Friday said it has raised USD 550 million (around Rs 3,900 crore) through dollar bond, offering a coupon of 4.4 per cent.The proceeds of the issue will be used for towards lending, the company said in a release.Last year in October, it had raised USD 450 million through its maiden three-year bond.“The response from international bond investors in our second issue is quite overwhelming. This fund raise will enable us in further diversifying and strengthening ..

Reliance rejig of media business makes Sony deal less likely, say experts

 RELIANCE Industries’ move to consolidate its media and distribution businesses under one entity Network18 Media & Investments will create a cleaner structure and make the merger of entertainment channels with Sony less likely, experts said.Earlier this week, the company said it will merge its TV18 Broadcast business with Network18, and maintain the cable and broadband businesses of Hathway Cable & Datacom and Den Networks, which it bought in 2018, as separate wholly-owned subsidiaries ..

Wipro Digital acquires Rational Interaction

 WIPRO Digital, the digital business unit of IT major Wipro, on Friday said it has acquired digital customer experience (CX) firm Rational Interaction. However, Wipro Digital didn’t disclose the acquisition amount.Founded in 2009, Rational Interaction is headquartered in Washington and has over 300 employees. It has offices in Seattle, Bellevue, Dublin and Sydney.“The acquisition will scale Wipro Digital’s offering for Chief Marketing Officers (CMO), connecting Rational Interaction&#..

Samsung to bring Galaxy Z Flip at Rs 1.10 lakh in India

SAMSUNG on Thursday said, it will bring its Galaxy Z Flip, featuring a foldable display, in India later this month for about Rs 1.10 lakh. The device, which was launched earlier this month in the US, will compete in the ultra-premium smartphone category that is estimated to be about 3 million units in size in India. “With proprietary Ultra Thin Glass (UTG) and hideaway hinge, Galaxy Z Flip is truly a milestone in technological innovation. It gives users all the advantages of a large screen in a stylish ..

HMSI launches BS-VI compliant Shine bike

HONDA Motorcycle and Scooter India (HMSI) on Thursday launched BS-VI compliant version of its Shine bike model price starting at Rs 67,857 (ex-showroom Delhi). The Shine is powered by a BS-VI compliant 125cc engine with 14 per cent more fuel economy than the previous version, HONDA Motorcycle and Scooter India said in a statement. Commenting on the launch, HMSI President, Cheif Executive Officer and Managing Director Minoru Kato said the next generation Shine BS-VI, “unleash another quiet revolution ..

DPS Kamptee Road & Mihan set an industry benchmark

Delhi Public School (DPS) – Kamptee Road and Mihan in Nagpur have steadily emerged as two iconic educational institutes that have set an industry benchmark by embracing and building on the principle that students learn best when they are given a chance to take ownership of their own learning. Under the leadership of the school’s President Tulika Kedia, both the institutes have witnessed remarkable progress since the introduction of a series of holistic development initiatives that include graded life ..

‘FDI in education will bring down standards’

THE Government in its Union Budget had taken proper measures which will encourage fisheries, gardening and other non-agricultural sector to increase rural employment, said Dr Ashwini Mahajan, Professor at Delhi University and All India Joint Convenor of Swadeshi Jagran Manch. Dr Mahajan was speaking as a keynote speaker on the topic ‘Present Economic Scenario’ organised by Nag Vidarbha Chamber of Commerce (NVCC) recenlty...

Tanishq’s stunning offer up to 20 pc discount on diamond solitaire strings

TANISHQ, India’s most trusted jewellery brand has launched a stunning offer ‘The Great Diamond Sale’ with up to 20 per cent off on the diamond solitaire strings. The offer is already underway and is receiving an overwhelming response from the Nagpurians. This was revealed by Vivekanand Prasad, Area Business Manager while speaking at a press conference on Thursday...

Bhaiyaji Joshi to inaugurate Sadhana Co-op Bank’s new building today

Sarkaryawah of RSS Bhaiyaji Joshi will inagurate the new premises of Sadhana Co-operative Bank Ltd., located at Jaripatka on February 21 at 4.30 pm. Union Minister Nitin Gadkari will be the chief guest on the occasion while Maharashtra Energy Minister Nitin Raut as well as Opposition Leader and former Chief Minister Devendra Fadnavis will be the special guests. Apart from this, Sarita Gangadharrao Fadnavis and Chairman of Nagpur Municipal Health Committee Virender Kukreja will also attend the event. ..

‘Builders should become equity partners with MHADA to develop affordable housing projects’

Adopting a pro-builder approach, Maharashtra Housing Minister Jitendra Awhad invited realty players to become equity partners with the state housing authority MHADA to jointly develop mass affordable housing projects. The state Government will no longer just be a facilitator, but will be a partner to the risks involved as well as profits generated from projects undertaken under such arrangements, he said. “The day I took charge I had announced I am pro-builder. I will do whatever it takes to ensure ..

Ali Coaching Classes opens admission for NEET Test Series

Ali Coaching Classes Pvt. Ltd., one of the most renowned and trusted institutes imparting coaching for preparation of Medical Entrance Examination (i.e. NEET), has started admissions for the batches of Test Series for NEET 2020 for 2 years regular batch of XI+XII+NEET 2022. There will be total 55 tests in the Test Series for NEET 2020 which are commencing from March 3 and the 2 years regular batch of XI+XII+NEET 2022 for Xth appearing students will start from July 6...

‘Mahaoffers’ launched at Lotus electronic showroom

ON THE auspicious occasion of Maha Shivaratri, Lotus has launched ‘Mahaoffers.’ The offers are operational on a wide range of electronic items for the customers. Those who will purchase electronics items will be able to avail slew of offers launched by the Lotus. The offers are on branded national and international electronic items. Customers can select their choice of electronic items from the offers...

Yash Panhekar is new GM, BSNL Ngp

YASH Panhekar has taken over the charge of General Manager Telecom, BSNL Nagpur and he will be head of Nagpur Telecom District. A visionary person, known to be upright and efficient, BSNL has rightly handed over the reign of Nagpur Telecom District to him at a time when BSNL or entire telecom industry in the country is passing through a very difficult and challenging phase...

SwayamShodh Spiritual University to hold workshop on Feb 22 and 23

SWAYAMSHODH Spiritual University (SSU) will be organising a workshop on ‘Spirituality and Life Integration’ on February 22 and 23. It has conducted many such workshops in the past with more than a thousand satisfied participants. Dr Prabodh is the facilitator of the workshop, who is a noted ‘Spiritual Psychotherapist’ and Patron of SwayamShodh Spiritual University...

Passenger vehicle retail sales fall 5 per cent in January: FADA

Automobile dealers’ body FADA on Thursday said passenger vehicle (PV) retail sales in January declined 4.61 per cent to 2,90,879 units as compared to same month last year, hit by tepid response by end customers. According to Federation of Automobile Dealers Associations (FADA), which collected vehicle registration data from 1,223 out of the 1,432 regional transport offices (RTOs), PV sales stood at 3,04,929 units in January 2019. Two-wheeler sales declined 8.82 per cent to 12,67,366 units last month ..

‘Experiential travel on rise with growth in Gen-Z travellers’

MORE travellers are planning to take adventurous and outdoorsy trips, as over half of the Indians are preferring to spend their money on experiences over things, according to a survey. The survey by online accommodation platform Airbnb also said the generation-Z (24 years and below) is becoming the fastest-growing travel segment. According to the survey, 58 per cent of Indians prefer to spend their money on experiences over things, and 65 per cent plan to increase their spending on experiences in ..

Bhumi Pednekar launches largest ORRA store in city

ACTRESS and style icon Bhumi Pednekar launched the largest store of ORRA, the bridal jewellery brand for the style-conscious women of today and brides in the city. Hundreds of women cheered this momentous occasion of diva Bhumi Pednekar launching the 3,500 sq ft ORRA Fine Jewellery store at Rachna Galaxy, Plot No 10, Ground Floor, North Ambazari Road, Dharampeth on Wednesday. Dipu Mehta, Promoter of ORRA..

Overwhelming response to Nilkamal Furniture exhibition-cum-sale

NILKAMAL Furniture brand of Nilkamal Limited Furniture Division is making waves in city with its fresh new exhibition-cum-sale underway at Kasturba Bhawan, Bajaj Nagar, behind Abhyankar Nagar Petrol Pump. In the exhibition, people are buying their favourite furniture at unbelievable prices. In this wedding special exhibition, Nilkamal is offering discount upto 50 per cent and various other exchange offers. The exhibition will continue till February 23...

On-line registrations for IIT-Home entrance examination opens

IIT-Home has declared the on-line registration slots for Admission Screening Examination (ASE) 2022, the single-stage on-line examination to be conducted on April 6. ASE 2022 is the gateway to take admission to IIT-Home’s two-year integrated programme (2YIP) for JEE Main/Advanced preparation. Slot 1 for on-line registration will be open from February 20 to February 27, while Slot 2 will be open from March 20 to March 27. The students appearing in the 10th Board examination in March 2020 are eligible ..

Rai Udyog opens bookings for Ashiyana-2 flat scheme

RAI Udyog Ltd has launched its flagship scheme Rai Ashiyana-2 on Zingabai Takli, Ring Road near Ayyappa Temple, in front of Saint Morris School, Ayyappa Nagar. It is a beginning of a new chapter of Rai Udyog’s principle of giving best accommodation in limited budget. The flat scheme will have 250 flats. Rai Ashiyana-2 will have quality construction...

WCL bags prestigious NCST Leadership Award-2020

WESTERN Coalfields Limited (WCL) has been conferred with the prestigious national award. National Scheduled Tribes Commission (NCST) Leadership Award-2020 in the Central Public Sector Undertaking category was confirmed upon WCL...

Naveen Patnaik inaugurates Motilal Oswal-KISS Residential School

THE Balangir Unit of KISS Bhuabneswar, Motilal Oswal-KISS Residential School was inaugurated by Naveen Patanik, Chief Minister of Odisha recently. Inaugurating the school, Patnaik said, “I am delighted to inaugurate the Motilal Oswal-KISS Residential School at Balangir. I hope this school will play a key role for the development of tribal children in a backward region like Balangir. For such an accomplishment, I congratulate Founder of KIIT and KISS Dr Achyuta Samanta and the Managing Director of ..

Solar capacity addition down 12 pc to 7,346 MW: Report

INDIA’S solar energy capacity addition dipped 12 per cent to 7,346 megawatts (MW) in the calender year 2019 from 8,338 MW in 2018, according to a report by Mercom India Research. While 2019 was a lost year for the country’s solar sector, Mercom India Research expects solar installations to rise by 17 per cent year-on-year (y-o-y) to about 8,500 MW by the end of 2020. “The country installed 7,346 MW of solar in 2019, a 12 per cent decline year-over-year (YoY), compared to 8,338 MW installed in 2018,” ..

Pednekar Jewellers expo from February 21

JAGANNATH Gangaram Pednekar Jewellers, Mumbai, one of the well-known names in jewellery business will be organising an exhibition of its jewellery collection from Feburary 21 at Subh Mangal Karyalay, Bhagwaghar Layout, Dharampeth. The exhibition has received tremendous response in other cities of the country...

Shree Ayurvedic College conducts free cataract operation camp

SHREE Ayurvedic College recently organised a free cataract operation camp in the memory of Vaid Pt Ram Narayan Sharma, founder of Shree Baidyanath Ayurvedic Bhavan. Total 100 patients availed the benefit of the free camp which was sponsored by Shree Baidyanath Ayurved Bhawan Pvt Ltd. The camp was conducted at Pakwasa Hospital, Hanuman Nagar. Patients were given lens after the operation...

Box office collections jump 27 pc to Rs 5,613 cr in 2019: Study

THE ‘lipstick effect’ has proved to be the saviour for the film exhibition business in 2019, with box office collections registering a whopping 27 per cent growth amid an economic slowdown, a report has said. The ‘lipstick effect’ is a phenomenon where consumers prefer to spend on small indulgences in an economic slowdown, rather than blowing their money on big-ticket luxury items, Care Ratings said in the report...

BSNL signs MoU with EESL to install 1,000 public charging stations in India

BHARAT Sanchar Nigam Limited (BSNL) has signed a memorandum of understanding (MoU) with Energy Efficiency Services Limited (EESL), a joint venture of four national public sector enterprises under Ministry of Power, Government of India. Under this partnership, public charging stations at 200 BSNL sites Pan Maharashtra and Goa will be set-up in a phased manner. BSNL will provide the requisite space and power connections for installing the charging infrastructure. ..

Refined soya oil futures slide on weak demand

REFINED soya oil prices on Wednesday fell by Rs 1.4 to Rs 822.8 per 10 kg in futures trade as speculators reduced holdings amid subdued demand at spot market. On the National Commodity and Derivatives Exchange, refined soya oil for delivery in February declined by Rs 1.4, or 0.17, to Rs 822.8 per 10 kilogram in 7,540 lots...

Good response to Khandelwal Sarees & Khandelwal Jewellers’ fashion show

KHANDELWAL Sarees and Khandelwal Jewellers are geared up for the wedding sea￾son.To showcase its wed￾ding collection the stores conducted fashion show in which famous models showcased wedding col￾lection.The show attract￾ed large number of peo￾ple who showed lot of interest in the collection of sarees and ladies wear along with new design fashion jewellery...

LG organises ‘Healthy Heart Fest’ at Taori Marketing Mall

LG HAS introduced its new range of Healthy Heart Microwave Ovens, which is India’s only microwave with 30 heart friend￾ly auto cook recipes and certified by Heart Care Foundation of India. One can choose from over 30 auto cook recipes, pre-installed in the microwave oven and choose his breakfast, lunch, snacks and dinner with lots of nutrition and 88 per cent less oil consumption...

Mahindra & Provincial Automobiles conducting ‘Mega Service Camp Week’

MAHINDRA & Mahindra along with their authorised service deal￾er Provincial Automobile Company Limited has organised Mega Service Camp from February 17 to 25. The camp was inaugurated at the hands of Hemant Kumar Kharabe, Senior PI, MIDC Police Station, along with CEO Gurmeet Singh Suri and Rakesh Borkar, Service Head, Mahindra Provincial Automobiles, Nagpur...

COSIA gives memorandum on MSME issues to FIDD-RBI

THE Chamber of Small Industry Associations, Vidarbha (COSIA) submitted a memorandum high￾lighting certain important finan￾cial issues relating to MSME in anticipation of an appropriate action to ease out the financial problems to the officials of FIDD - Reserve Bank of India (RBI), Nagpur at a Town meeting for MSME issues organised by RBI to observe Financial Literacy week. Mayank Shukla, Chairman of COSIA Vidarbha, while addressing the issues said that sorting out of the issues will help the MSME ..

Overwhelming response to Athavale Classes Crash Course

ATHAVALE Classes Crash Course for class 10 (CBSE) will be commencing from April 23. The crash course for class 10 State will be from April 14. The subjects covered for class 10 (State) are Maths, Science, Social Science, English, Marathi and Sanskrit/Hindi...

VIA to hold ‘Tax Awareness Session’ on Feb 20

THE Taxation and Corporate Law Forum Vidarbha Industries Association (VIA) will be conducting a tax awareness session - ‘Chhoti Chhoti Batein’ on February 20 from 5.30 pm to 7.30 pm at VIA Hall, Udyog Bhawan, Civil Lines, Nagpur. In day￾to-day business affairs, one has to take care of lot of tax compliance, ignorance of which could entail penalty and fine behind mental ten￾sion. Awareness for the tax laws has become all the more relevant in view of the number of changes and amendment carried out fre￾quentl..

‘Cut in lending rates insufficient to boost credit growth’

THE sharp reduction in lending rates is insufficient to prop up credit growth which is set to fall in July this year, an American bro￾kerage said on Tuesday. Deterioration in factory production and real wage growth are the impeding factors limiting the growth in credit flow,..