Bussiness

Pendharkar to share success story of Vicco on July 22

Pendharkar to share success story of Vicco on July 22..

NCP Trade & Commerce Wing to elect team on 17th

NATIONALIST Congress Party (NCP) will elect new office-bearers of Trade and Commerce Wing for the city and district level on July 17 at its Ganeshpeth Office from 6 pm onwards...

Gems & jewellery exports plunge 16.3 per cent in June to $2.8 bn

GEMS and jewellery exports continued to face headwinds with June shipments plunging 16.26 percent due to the renewed bout of US-China trade wars...

Spicy Sangria to display designer collection today

SPICY Sangria, one of the most celebrated flagship events highly popular among fashion connoisseurs, is all set to display designer collections at Hotel Radisson Blu on July 16...

Chanakya Academy should start its centre in Nagpur, says Dr Parinay Fuke

STUDENTS of Vidarbha should also get opportunity and guidance in achieving success in exams like UPSC and MPSC...

Pre-launch of 3 BHK row houses by SDPL

SANDEEP Dwellers Pvt Ltd (SDPL) is engaged in the business of constructing residential apartments in and around city for the past 30 years...

Cement prices further slip by Rs 20/bag

With the arrival of monsoon season in the region, most of the construction activities here seem to have been moving at the snail’s pace...

MCED’s workshop for starting manufacturing unit on July 16

MAHARASHTRA Centre for Entrepreneurship Development (MCED) is organising a workshop which will help the jobless candidates to start their own manufacturing units..

Stop steel exports at lower than domestic price: Consumers’ Body

STEEL consumers, who are feeling the pinch of high price of the metal in the Indian market, have demanded a policy intervention from the Centre to prevent steel producers from exporting steel below the domestic prices...

Office space leasing by co-working players rises 42 pc: Report

CO-WORKING operators have leased 4 million sq ft of office space across eight major cities during the first half of 2019 to meet rising demand of such flexible area from corporates and startups, according to property consultant Knight Frank..

RBI plans mobile app for currency identification

THE Reserve Bank of India will come out with a mobile application to help visually challenged people in identifying currency notes as cash still remains a dominant mode of transaction...

Nurture 1.0 start-up mentorship programme launched

TiE Nagpur in association with TiE Pune have launched Nurture 1.0 - a six month long mentorship programme...

CAs need to make nation strong on economic & financial fronts: Dewani

CA Jaydeep Shah, CA Sandeep Jotwani, CA Suren Duragkar, Chairman, CA Swapnil Ghate, CA Saket Bagdia, CA K P Sahasrabuddhe, CA K P Dewani, CA Harish Rangwani, CA Kirit Kalyani, CA Akshay Gulhane, CA Jiten Saglani, CA Abhijit Kelkar, RCM, CA Julfesh Shah, CA Anil Kedia, CA O S Bagdia, CA Satish Sarda and others at the event..

Adani Power seeks shareholders’ nod to raise Rs 7k cr

ADANI Power has sought shareholders’ approval to raise up to Rs 7,000 crore through the issuance of equity shares, convertible debentures, bonds or any other securities in one or more currencies and in tranches in its annual general meeting on August 8. “The company proposes to have flexibility to infuse additional capital, to tap capital markets and to raise additional long-term resources, if necessary in order to sustain growth in the business, for business expansion and to improve the ..

Shriram Transport Finance to raise up to USD 250 mn

 SHRIRAM Transport Finance Company will raise up to USD 250 million from global markets to augment its on-lending programme. The bond issuance committee of the company on Thursday approved the ..

To foray into new FMCG categories: ITC Chairman

 DIVERSIFIED conglomerate ITC will foray into new categories and sub-segments in FMCG vertical which will be supported by multi-dimensional investments and strategic opportunities for acquisitions, its Chairman Sanjiv Puri said on Friday. Addressing the company’s shareholders at its annual general meeting, Puri said the company is seeking to be an engine of growth for Indian economy through a vibrant portfolio of future-ready businesses. “Today, around 25 per cent of ITC’s ..

SBI waives charges on RTGS, NEFT and IMPS

STATE Bank of India has waived charges on NEFT and RTGS transactions through internet and mobile banking from July 1, after the RBI decided to do away with the charges with an aim to move the country towards less-cash economy.The country’s largest bank, which has about 25 per cent market share, has also decided to do away with the charges on fund transfer through mobile phones using the IMPS (immediate payment service) from August 1. The real-time gross settlement (RTGS) system is meant ..

Vinayakumar takes charge as Director of MRPL

M VINAYAKUMAR took charge as Director (Refinery) of Mangalore Refinery and Petrochemicals Limited here. He was posted by the appointments committee of the Union Cabinet, a release from MRPL here said. The post fell vacant with the elevation of M Venkatesh as the Managing Director of MRPL last year. Vinayakumar, who took charge as Director (Refinery) on Thursday, graduated as a mechanical engineer from Cochin University of Science and Technology (CUSAT) in the year 1982 and subsequently completed ..

Infosys Q1 net grows 5.2 pc to Rs 3,802 cr

 THE country’s second-largest IT services firm Infosys on Friday reported 5.2 per cent growth in consolidated net profit to Rs 3,802 crore for the quarter ended June 30, 2019. It had posted a net profit of Rs 3,612 crore in the April-June 2018 quarter, Infosys said in a BSE filing. Revenue from operations of the Bengaluru-based firm grew 13.9 per cent to Rs 21,803 crore in the June 2019 quarter, compared to Rs 19,128 crore in the year-ago period, it added. Infosys has increased ..

Markets succumb to late sell-off

EQUITY benchmarks were caught in a late-session bear grip on Friday as trading sentiment remained risk-averse amid global headwinds and uncertainty over the earnings front. Investors were also cautious ahead of the release of key macroeconomic data, traders said.Building on its positive opening, the 30-share BSE Sensex crossed the 39,000-mark in afternoon trade, but suffered a sudden bout of selling to end at 38,736.23, down by 86.88 points or 0.22 per cent. Similarly, the broader NSE Nifty ..

IndusInd Bank reports 38% growth in net income

PRIVATE sector lender IndusInd Bank on Friday reported a 38 percent growth in net income for the June quarter at Rs 1,433 crore, boosted by the merger of micro-lender Bharat Financial’s good show. The management stressed that the bank has come out of the asset quality woes which had plagued it for the last few quarters due to exposure to the bankrupt infra lender IL&FS. Core net interest income grew 34 percent to Rs 2,844 crore on a 28 percent loan growth and an expansion of net interest ..

Budget backed with plan, estimates realistic: FM

ANSWERING critics of her maiden Budget, Finance Minister Nirmala Sitharaman on Friday said every estimate in the Budget 2019-20 was “realistic” and that the focus on agriculture and investments lay foundation for nearly doubling size of the economy to USD 5 trillion in five years. Replying to the debate on the Union Budget in Rajya Sabha, she said adequate provisions for expenditure particularly for defence, pension and salary and internal security have been provided for with necessary ..

TVS Motor launches ethanol-powered motorcycle Apache RTR 200 Fi E 100

  TVS Motor Company on Friday launched ethanol-powered bike TVS Apache RTR 200 Fi E100, priced at Rs 1.2 lakh.The company said the new model would be available for sale in sugarcane producing Maharashtra, Uttar Pradesh and Karnataka, to begin with. Currently, there are no ethanol fuelling stations in the country. But, speaking at the launch event here, Road Transport and Highways Minister Nitin Gadkari said his ministry will ask the Ministry of Petroleum and Natural Gas to open ethanol ..

Sanskruti’s annual sale begins

 Business Bureau:  Central India’s ethnic clothing pride Sanskruti is throwing the unbeaten monsoon season opportunity to ones wardrobe with quality fabric and all sorts of clothing. The complete ethnic wear store is ready to give a memorable collection this season with its vast exclusive range of clothing and accessories. Sanskruti - The Complete Ethnic Wear Store has been the first choice shopping destination for all the women of Nagpur and of people around the city since many years. ..

Plasto Group in film brand partnership with Super 30

 Business Bureau: PLASTO Group of companies, which is a popular brand in central India in water tanks and pipe solutions, has embarked film brand partner Hritik Roshan starrer film Super 30. The film is based on the life of Anand Kumar an Indian educationalist and mathematician best known for his Super 30 programme, which he started in Patna which coaches underprivileged students of IIT-JEE, the entrance examination for the Indian Institute of Technology. Plasto is planning to launch a campaign ..

CAs, I-T Deptt jointly working towards transparency: Binod Kumar

  Business Bureau: CA Suren Duragkar, Chairman of ICAI, Nagpur Branch assured CCI-T that chartered accountants would continue to work in co-ordination with Department so as to bring more transparency  “CAs play an important role in the development of the country and bringing economic transparency,” said Binod Kumar, Principal Chief Commissioner of Income-Tax, Nagpur. He was responding to the felicitation by Managing Committee of Nagpur Branch of WIRC of ICAI led ..

Micro-loans jump 40 pc to Rs 1.8 tn in FY19

 THE microfinance industry’s total loan portfolio grew 40 percent to Rs 1,78,587 crore in FY19, with top 10 states accounting for 83 percent of the gross loan portfolio, says a report. In FY18, total loan portfolio of the industry had stood at Rs 1,27,223 crore. “Market share of top 10 states in portfolio outstanding at Rs 1,48,440 crore is 83 percent as of March 2019,” according to a joint report by Equifax and Sidbi. Bengal and Tamil Nadu contributed 34.7 percent of the top ..

CII to hold workshop on ‘Flow Manufacturing’ on July 15

 Business Bureau: TO SURVIVE successfully in this competitive scenario, manufacturing companies should focus on cutting down internal wastages by aligning their processes in most efficient manner. Flow manufacturing is a proven tool which is implemented can enhance the productivity by balancing the work flow. With this background, Confederation of Indian Industry (CII) along with CIIs Avantha Center of Excellence for Competitiveness for SMEs will be organising a workshop on ‘Flow Manufactur..

NADT’s valedictory function ‘Uttarayan 2019’ today

  Business Bureau: The National Academy of Direct Taxes (NADT), Nagpur is the apex training academy in India for the officers of Income-Tax Department. The officers promoted as Assistant Commissioners of Income-Tax have undergone orientation training of eight weeks at NADT for effectively discharging their duties in the field offices. The valediction function for the orientation programme ‘Uttarayan 2019’ for the newly promoted Assistant Commissioners of Income-Tax is scheduled ..

Workshop on SWAYAM andNPTEL at RCOEM from July 19

 TWO-days awareness workshop on Study Webs of Active Learning for Young Aspiring Minds (SWAYAM) and National Programme on Technology Learning (NPTEL) will be organised at Shri Ramdeobaba College of Engineering and Management, Nagpur on July 19 and July 20. The workshop is jointly organised by Internal Quality Assurance Cells of Shri Ramdeobaba College of Engineering and Management (RCOEM) and Rashtrasant Tukadoji Maharaj Nagpur University (RTMNU) in association with NPTEL, Indian Institute ..

MCED’s EDP from July 16

Maharashtra Centre for Entrepreneurship Development (MCED) is organising entrepreneurship development programme (EDP) at MCED’s office, Udyog Bhavan, Civil Lines, from July 16 to August 5, 2019. The topics that will be covered during the programme include opportunity for starting micro small and medium enterprises (MSME), personality development, selection of project, how to prepare project report, market administration, information about various Government schemes and financial institutions, ..

Cotton output seen falling further to 312 lakh bales

 Business Bureau: THE Cotton Association has further lowered its crop estimate by 3 lakh bales to 312 lakh bales for the 2018-19 season, mainly due to poor rainfalls in the South. Crop estimate from the Southern zone has been lowered by 3.25 lakh bales to 68.50 lakh bales as per the June forecast, compared to the May estimate of 71.75 lakh bales, the association said on Thursday. In Telangana and Andhra, the crop is estimated to be lower by 2.50 lakh bales and 2 lakh bales, respectively. ..

Budget aims at prevention of tax abuse: CA Julfesh Shah

 Business Bureau: In Order To discourage the practice of avoiding Dividend Distribution Tax (DDT) by the listed companies, additional tax of 20 per cent is proposed in case of buyback of share in listed companies, said CA Julfesh Shah. He was delivering a presentation on ‘Budget Analysis’ organised by Chamber of Small Industry Associations (COSIA), Nagpur Chapter. He said, “In order to ensure that a trust or institution does not comply with local laws that are material ..

GlobalLogic aims to touch Rs 7,000 cr revenue mark by 2020

 By Prashant Dongre: Banking on the burgeoning growth, GlobalLogic, a digital product engineering services company, is eyeing to kiss a revenue target of Rs 7,000 crore by 2020. “We are clocking 20 per cent growth year-on-year (YoY),” said Shashank Samant, President and Chief Executive Officer (CEO) of GlobalLogic while talking exclusively to The Hitavada on Wednesday. GlobalLogic which already has crossed revenues worth Rs 5,000 crore in business, will add another 9,500 headcounts ..

End of Season Sale at Girisons

 Business Bureau: GIRISONS – the largest bed and bath showroom in city housing all the major brands under one roof such as Bombay Dyeing, Raymond, Trident, Boutique Living. All brands are having the entire range and products displayed at the Girisons Store.  With over a 1000 designs in bed sheets, bed covers, comforters, quilt sand more than 200 shades of towels and bath co-ordinates one is sure to find his choice of home linen suited for every occasion and mood at the store. ..

Rai Udyog Ltd to launch ‘Rai Aashiyana’ soon

 Business Bureau:  RAI Udyog Ltd will son be launching its flat scheme on Koradi Raod, near Wox Cooler. The flat scheme ‘Rai Aashiyana’ offer low budget flats with better residential facilities. The scheme will be having only 24 flats. Rai Udyog is committed for giving best facility with its new chapter in the name ‘Rai Aashiyana’. With best construction quality the company is focusing on giving more facilities. The company is providing 2 BHK flat at Rs 17 lakh.  &nbs..

Vithoba Industries musical programme ‘Jai Jai Vithoba Rukhmai’ on 12th

 Business Bureau: VITHOBA Industires Pvt Ltd manufacturers of Vithoba Dant Manjan and Toothpaste has arrange a musical programme ‘Jai Jai Vithoba Rukhmai’. Vithoba Industires every year organises musical programme. This year programme ‘Jai Jai Vithoba Rukhmai’ is organised in association with Sangeet Kala Academy on July 12 at Jain Kalar Samaj Bhavan, Umrer Road, Reshimbagh from 6.30 pm.  The devotional song programme will also have ‘Abhanga’, Bhajans ..

Pvt lenders fast replacing PSBs as lead-banks to corporates, says report

 Business Bureau: PRIVATE sector lenders are fast becoming the lead bankers to large corporate groups as state- run lenders continue to struggle with issues of their own, says a report. The findings of the report on Wednesday by the advisory fir..

Growth in housing sales moderated in Apr-Jun at 12 per cent: Report

 Business Bureau: HOUSING sales increased by 12 per cent during the second quarter of this calendar year in seven major cities, but growth tapered as many prospective buyers adopted wait-and watch approach during general elections, according to ..

‘Hospital sector on recovery path after over 2 years of subdued performance’

 Business Bureau: THE hospital sector is seeing better days ahead after more than two years of subdued performance that was mainly due to several regulatory measures, rating agency Icra said on Wednesday. The tough days were triggered primarily on account of several regulatory measures, including the cap on prices of stents and knee implants by the National Pharmaceutical Pricing Authority (NPPA), Icra said in a release.  Adverse impact of the rollout of the goods and services tax on ..

Camel Academy offers various courses

 CAMEL Foundation a consultancy and academy for motivational and entrepreneurship learning aims at imparting quality programme to budding engineers, entrepreneurs existing entrepreneurs job aspirants, professionals, housewives, students etc. The courses have been designed to arrange personality development programmes covering physical and mental aspects and psychological aspects of participants. Apart from this, visiting faculties will enlighten the participants on banking, marketing and ..

International Yoga Fortnight concludes at NTPC Mouda

NTPC Mouda had organised a Yoga Fortnight recently. The programme was arrange at Meva Bhavan in its township. A P V S Rao, General Manager (Transmission and Maintenance) was the chief guest at the concluding day of the programme.  Roa in his speech threw light on the importance of Yoga and noted that it was the guide for good health. Yoga is important to release the physical and mental tension, he said. Winners of various competitions organised during the fortnight were also awarded. Employees, ..

Seminar on credit to startups today

 ONE of the challenges being faced by startups is to get credit from market. They cannot afford high rate of interest nor they can offer adequate collateral security. In order to enable startups get credit, a programme on ‘credit to startups’ is being organised by Alliance for Indian MSMEs in association with SIDBI and Department of MSME, Government of India, said B C Bhartia, National President of Confederation of All India Traders (CAIT).  The programme will be held at Hotel ..

‘Organic terrace farming, rain water harvesting need of hour’

 Business Bureau: Taking into account the scarcity of water in many cities across the globe, the Vidarbha Industries Association (VIA) on Monday conducted a seminar wherein experts motivated the participants to conserve rain water harvesting and develop organic terrace garden. The keynote speakers - Supriya Deo, Retired from Dharampeth Science College and Sharad Paliwal, President, Nagpur Garden Club, said rain water conservation and organic terrace garden are the need of the hour. The seminar ..

Western Coalfields brings smiles on faces of 25 differently abled persons

 Business Bureau: WESTERN Coalfields Limited (WCL) along with Aadhar Apang Samajik Bahuudeshiya Vikas Sanstha recently gave hightech steel texture prosthesis artificial legs to 25 differently abled persons at a function. Dr Sanjay Kumar, Director (HR) WCL, and Ashok Mishra, from Click to Cloud, distributed the artificial legs at Coal Club of WCL Headquarters.  With this gesture WCL brings smiles on faces of 25 differently able persons. Sumeet Tate, President of Aadhar Apang Samajik ..

‘India gaming laptop market may touch 2.5 lakh units this year’

 Business Bureau: Taiwanese tech major Asus on Tuesday said it expects gaming PC market in India to expand to 2.5 lakh units this year as devices in this segment become more affordable and consumers across metros and small towns adopt these high-performance machines. Asus, which competes against the likes of Dell and HP in the gaming category, had over 26 per cent share of the gaming PC market in India in January-March 2019 quarter. “We have seen strong growth in the gaming segment.  ..

Handwriting & Calligraphy courses at New Learning Horizons

 India’s premier institute NLH’s WriteWell introduced its new ‘Calligraphy programme’ for students, ladies, professionals, teachers and others. Handwriting Improvement includes remedies to improve handwriting through specific activities that are conducted in every single session.  These activities include enhancing motor skills, sensory skills, ocular skills, developing eye hand coordination and so on. Using sand, clay, newspaper, paints, thread, stickers, coins, ..

COSIA to hold session on Union Budget today

The Chamber of Small Industry Associations (COSIA) Vidarbha Chapter has organised an interactive session on critical analysis of proposed Union Budget 2019 at Hotel Aditya Inn, Near Wazalwar Lawns, Dharampeth on July 10 from 3.30 p.m. onwards. This session on high tea will be initiated by prominent CAs of Nagpur C A Julfesh Shah and C A Preetam Batra. CA Shah will deal on Direct Tax and CA Batra will deal on Indirect Tax matter. Mayank Shukla, Chairman COSIA, Vidarbha Chapter has appealed everyone ..

Improve waste mgmt for welfare of society: Parlewar

 Business Bureau: MSME-DI Nagpur recently organised a seminar on ‘Development of low cost technologies for solid/liquid/industrial waste management and Entrepreneurial opportunities’ at MSME-DI, Nagpur. The programme was held under ‘Swachchta Pakhwada’. Prashant Kadu, Director, Tulsiram Gaikwad Patil College, Nagpur (co-associate of the programme), Dr Girish Pophali, Principal Scientist, NEERI, and P M Parlewar Director, MSME-DI Nagpur were the dignitaries on the ..

Consumer durable sales in India to have digital influence by 2023: Report

 Business Bureau: About USD 23 billion worth of consumer durable sales in India are expected to have a “digital influence” by 2023 as buyers research online and watch videos before making the purchase, a report by Boston Consulting Group (BCG) and Google India on Tuesday said. The report defined a sale as a ‘digitally influenced sale’ if the buyer uses internet during any stage of purchase cycle. “Today, 28 per cent of consumer durable sales is digitally influenced ..

Investors pulls out Rs 1.60 lakh cr from mutual fund schemes in June

 Business Bureau:  INVESTORS pulled out Rs 1.60 lakh crore on a net basis from mutual fund schemes in June against a net investment of Rs 76,989 crore in May mainly due to persisting weak confidence in debt-oriented plans, industry data showed on Monday. Net outflows from debt-oriented schemes were more than Rs 1.71 lakh crore in June against inflows of Rs 70,119 crore in May, the data by Association of Mutual Fund of India (AMFI) showed. In recent months, the mutual fund industry has been ..

IIF holds session on 3D printing for pattern making

 Business Bureau: The Institute of Indian Foundrymen, Nagpur Chapter organised a technical lecture on “An Insight into 3D printing for pattern making” recently at Hotel Hardeo, Nagpur. The chief guest on the occasion was Abhay Kuthe, Professor CAD-CAM Centre, Mechanical Engineering Department, Visvesvaraya National Institute of Technology, Nagpur, while the guest of honor was P Suresh, Senior General Manager, Jayaswal Neco Industries Limited, Automotive Casting Division, Butibori. ..

‘Govt has given thrust on all sectors of economy’

 Business Bureau: the Institute of Chartered Accountants of India Nagpur Branch organised a programme on Union Budget-2019, wherein expert chartered accountants from the city expressed their views and shared their reading between the lines on the Budget. While expressing his views on the direct taxes proposals, CA Kapil Bahri said, the Government has realised the precarious condition of the economy and to accumulate funds for schemes it had resorted to sell stakes in PSU’s as well ..

GNES completes 10 years of service

 Business Bureau: GURU Nanak Educational Society (GNES), the first educational institution to start engineering college in Kalmeshwar area, has completed ten years of its existance. The society runs Guru Nanak Institutions (GNI) that has carved a niche of itselt in a very short span of time. The institution runs Guru Nanak Institute of Engineering and Technology (GNIET) and Guru Nanak Institute of Technology (GNIT) which are affiliated to Rashtrasant Tukdoji Maharaj Nagpur University (RTMNU) ..

Payments industry body warns scrapping MDR will kill them

 Business Bureau: Currently, there is a provision to get a merchant discount rate of up to 2% on every digital transaction, which helps the intermediaries recover the cost of setting up the infrastructure  THE Budget proposal to remove..

Shree Swami Samarth Hospital treats with natural bypass

 Shree Swami Samarth Hospital is a leading centre in Vidarbha which treats 70-100 per cent heart blockages non-surgically. The hospital has three latest advanced EECPTS3 machines which are great boon for all heart patients. It is the only hope for cardiac failure patients having low ejection fraction. It improves ejection fraction. This is a non-invasive procedure given as an outpatient therapy. Patients of angina / coronary artery disease who have undergone repeated surgical interventions earlier, ..

‘Hike in gold import duty part of policy to curb non-essential imports’

 Business Bureau: THE decision to raise customs duty on gold is a part of the Government’s stated policy to curb imports of non-essential items, and enforcement agencies will deal with the problem of smuggling, a top official said. Revenue Secretary Ajay Bhushan Pandey said that economic decisions are based on the overall economic realities and not on the basis of whether somebody’s intent to misuse it. He was replying to a question on concerns being raised by certain quarters ..

Dispute Resolution Scheme is a golden opportunity

 By CA Varun Vijaywargi:  In Indian, pendency of litigation before various forums has been on a constant rise and number of cases under indirect taxes is not an exception to this scenario. In the recent past, Government has taken a few steps to reduce litigation by raising monetary limits for filing appeals before appellate forum and also instructed tax authorities to withdraw appeals where the amounts in dispute are below the threshold limits (except for matters involving substantial question ..

Pyramid National Institute offers counseling

The Pyramid National Institute has been providing admission guidance to candidates aspiring study in medical field in India or abroad for the last five years. “Apart from this, we provide full support for your admission in India and Russia, China, Georgia, Kyrgyzstan, Bangladesh, Nepal, according to your budget,” says a institute. It provides assistance in admission in MCI and WHO certified universities / colleges, informs a press release. It also provides English improvement, personality ..

‘Startups attract funding from local angel investors’

 Business Bureau: VCATs Nagpur ‘14th Pitch Day’ saw three startups from different parts of country pitching their venture. While presenting startups his introductory remarks B C Bhartia said, “Startups are changing the world around us. Now you can get involved too. Angel investing was previously available to only the wealthiest. With venture catalysts, everyone can invest in private startups. Vcats is an integrated incubator that enables everyone to invest in carefully ..

Rashtrasant Gramsamruddhi, Sahyadri Farms to help Vid farmers

 Business Bureau: THIS is good news for the farmers of Vidarbha who are reeling under financial distress as majority of their crop had failed in last year. Rashtrasant Gramsamruddhi Sankalp, a brain child of Rahul Thakre and Sahyadri Farms, farmers company from Nashik have joined hands to rescue them from such condition. Rahul Thakre, while talking to The Hitavada said, “Vilas Shinde, founder of Sahyadri Farms has accepted our request to work with Vidarbha farmers. The company will ..

New SAT batch at Krishna Consultants from July 12

 Business Bureau: Krishna Consultants, which leaves no stone unturned in assisting overseas education aspirants achieve their academic goals, is commencing its New SAT batch on July 12. All those who are keen on enhancing their chances of getting into Ivy Leagues, top universities in the US or premier institutions in India like Ashoka, S P Jain O P Jindal, NMIMS etc. should hasten to enroll for the batch as SAT is a Standardized Test which is required for admission to a majority of the top ..

Company secretaries can play pivotal role in compliance of MSME: Vaidhya

 Business Bureau: THE Nagpur Chapter of Institute of Company Secretaries of India (ICSI) jointly with Western India Regional Council (WIRC) organised a full day seminar on ‘The Critical Compliances in Companies Act 2013 and Board Report’ in line with Secretarial Standard (SS-4). The chief guest of the seminar was Shashibhushan Vaidhya, National Vice- President of Laghu Udyog Bharati (LUB). The occasion was also graced by Chairman WIRC CS Ashish Karodia and Secretary WIRC CS Pawan ..

‘Budget to boost demand for steel’

 Business Bureau: “Clear emphasis has been laid on the infrastructure development along with a massive push to every connectivity avenue including industrial corridors, dedicated freight corridors, Bharatmala, Sagarmala, UDAN, and PMGSY..

Seminar on Organic Food, Rain Water Harvesting at VIA today

 The VIA Lady Entrepreneurs’ Wing (VIALEW) and VIA Agro & Rural Development Forum are jointly organising seminars on ‘Organic Food and Rain Water Harvesting’ on July 8 from 3.00 pm to 5 pm at VIA Auditorium, Udyog Bhawan, Civil Lines, Nagpur. Supriya Deo, retired from Dharampeth Science College, Nagpur, whose passion and interest are in gardening, will be giving presentation on “Healthy organic food grow in your kitchen / terrace garden.” Another interesting ..

‘Markets to see Budget overhang this week’

 The overhang of the Union Budget will persist in the equity market this week, while investors may also shift their focus to macroeconomic data and global cues, analysts said. Benchmark indices had snapped their four-session rising streak and closed with sharp losses Friday after the Budget proposal to raise public shareholding threshold fanned fears of oversupply of new papers in an already overbought market. In her Budget speech, Finance Minister Nirmala Sitharaman said it was the right time ..

Green certificate sales down in June

 Business Bureau: Sales of renewable energy certificates dropped by 22 per cent to 6.98 lakh units in June as compared to 8.96 lakh in the same month a year ago due to lower supply, according to official data. Indian Energy Exchange (IEX) and Power Exchange of India (PXIL) are the two power bourses in the country which are engaged in trading of renewable energy certificates (RECs) and electricity. The trading of RECs is conducted on the last Wednesday of every month.  According to official ..

‘Incentives will bring good future for startups’

 Business Bureau: IT industry body Nasscom has said the slew of incentives announced for startups in the Budget will help facilitate funding and reduce the regulatory and tax compliance burden on these fledgling enterprises. As part of the Budget, the Government has proposed a host of incentives, including a special arrangement for resolution of pending assessments of income tax cases, with a view to encouraging startups.  “Doing away with the scrutiny of valuation of documentation ..

Discount of upto 50% at The Fabric Store

 Business Bureau: THE Fabric Store, one of the renowned Raymond authorised store of city, has announced up to 50 per cent discount. Known for ladies and gents fashion garments, as well as traditional ethnic dresses, the showroom is located on Central Avenue. The showroom is a one stop shop for all purchases related to clothes and clothing, as it has a complete range of latest fresh stock of garments and fabrics for men and women. The offer is for the limited period.  Apart from women ..

Resonance felicitates young achievers

 Business Bureau: Resonance, the epitome of knowledge and success, celebrated its annual gathering felicitation function on Saturday. The event was held to celebrate the success of young achievers and to inspire their peers who are yet to appear in big competitive exams like IIT-JEE (Advanced) and NEET. It was indeed a pride moment for many Resonites and their parents from the city, who got themselves, cruised into the list of successful candidates who will find their roads paved to IITs ..

ICADians striding for top ranking US universities for Fall 2019

 Business Bureau: ICAD, the most renowned name in the field of GRE and TOEFL preparation and the admission center for US and Canadian universities has decided to start the next GRE and TOEFL batch for aspiring students from July 18. Today, name any top ranking university of USA and you will find ICADians over there. This year too, more than 110 ICADians are making their way to United States of America for higher education. ICADians have done fantastically well in GRE, GMAT, SAT and secured ..

Chanakya IAS Academy to hold seminar on 14th

 Amit Medhekar (right) and Vivek Jugade at the press conference.   Business Bureau:  Chanakya IAS Academy Pune will be conducting a seminar on how to prepare for UPSC/MPSC examinations. The seminar - “Art of Success” will be held at Dr Vasantaro Deshpande Auditorium, Civil Lines on July 14 from 11am to 2pm. Success Guru A K Mishra, MD of Chanakya IAS Academy, New Delhi, will guide the participants .  The event is free but registration is mandatory on 9112264446, ..

DDS Academy students shine in various exams

  Business Bureau: DDS Academy has produced excellent results in various Medical and Engineering exams conducted in the year 2019. Its two-year classroom student Vedansh Sanghi scored 621 marks in NEET with 99.9 percentile in Physics and 99.7 percen- tile in total. Vedansh also cleared KVPY exam conducted by IISc Bangalore, nation’s most prestigious exam for research field. He is the city topper of MHCET in PCB group by scoring 99.89 percentile. He scored AIR 717 (GEN) in AIIMS. ..

Petrol price touches Rs 79.22 per liter mark

 Business Bureau: As the Government hiked excise duty and road and infrastructure cess on petrol and diesel by Rs 2 per litre each on Friday, the fuel prices have once again increased. The price of petrol that was at a level of Rs 76.68 per liter in the city on Thursday, went up by Rs 2.54 to Rs 79.22 per liter on Friday. Similarly, diesel price jumped by Rs 2.62 there by pushing its price from Rs 67.98 per liter to Rs 70.60 per liter over the same period. Though the Finance Minister Nirmala ..

‘Govt expects Rs 5,000 crore from monetising CPSE assets’

 Business Bureau:  THE Government expects to garner Rs 5,000 crore from the asset sale of central enterprises as the budget has raised the bar for divestment proceeds to a record of Rs 1.05 lakh crore this fiscal, according to a top official. Th..

Savi Services undertakes water purifier servicing

 SAVI Services, one of the trusted names in air conditioner and water purifier servicing, undertakes servicing of water purifier at Rs 250. Owned by Ravindra Channe, who is having more than 18 year experience in air conditioner industry, also offers split, window air conditioning servicing at Rs 350 only.  The company is having specialised teams for AC and water purifier servicing. Savi Services also undertake car air conditioning servicing at customers doorstep all over city, that to within ..

Upto 60 per cent discount at VIP Lounge showroom

 VIP Lounge exclusive company showroom is stocked with all the different categories of brands of VIP Industries Ltd., like Skybags, Aristocrat, VIP, Capricy-Cartton, the international super premium of VIP Industries. Now VIP at its authorised company showroom offers upto 60 per cent off on its stocks. Carlton is a super premium international brand is now owned by VIP and has a huge range of bags in all sizes, business briefcases, duffel bags, tote bags etc. The second category is of VIP the parent ..

Upto 50% off at W&G, Bombaywala

Business Bureau   W&Gand Bombaywala offer upto 50 per cent off on top clothing brands. With the arrival of monsoon, the demand for chic and trendy fashion clothing instantly picks up among the fashion lovers. As the season has shifted towards the change, its time to look for somepleasant change in the wardrobe as well. Keeping up with the mood of fashion lovers,Nagpur’stwomost loved fashion wear stores - W&G and Bombaywala have announced upto 5 per cent off on ..

Gaikwad-Patil School focuses on overall development of students

Business Bureau   GAIKWAD-PATIL International School,locatedat  Dongergaonon Wardha Road, focuses on the overall development of the students. The school offers various outdoor and indoor games like football, basketball, cricket, volley ball, tennis, swimming, skating, chess, athletics, gymnastics etc. The school is an initiative of Gaikwad - Patil Group of Institutions. The children will study and become a sportsperson under oneroof. ThefirsteverResidential Gymnastics ..

Kia’s Seltos to hit city roads soon

Business Bureau  Yong S Kim, Executive Director Kia Motors and Manohar Bhat, Vice President of the company interacting with the press on Friday.  KIA Motors, world’s 8th largest automaker shared its India business plans and expansion strategy during a press conference in Nagpur on Friday. YongSKim, Executive Director and CSO, Kia Motors India and ManoharBhat, Vice President and Head of Sales and Marketing,Kia Motors India, revealed that the company recently held the ..

Shree Shivam to start ‘Tod Fod’ sale from today

Business Bureau: Shree Shivam, one of India’s leading mutli-brand clothing stores, is all set to launch ‘Tod Fod Sale’ from July 5. The stores launches this offer every year on the same day. Under the sale, the stores offers heavy discount to its customers. The interesting part of the sale is that the store displays fresh items during the period and thus customers anxiously wait for the event. Shree Shivam is known for its quality and best services. More over it offers garments ..

Real estate sector looking up: Parikh

 Business Bureau: With several initiatives taken up by Government, real estate sector is looking up, said Rajiv Parikh, President of CREDAI Maharashtra. He highligted several positive developments over the past few years in the real estate sector. Nagpur’s real estate sector is witnessing a boom due to various development activities like establishment of IIT, AIIMS, IIM, NIPER, IIIT.  It is taking a shape of an educational hub. The city has also become a medical hub of Central ..

Gurumurthy, Rayalu receive awards

 Business Bureau: Pradeep Gurumurthy, Joint Director at Directorate of GST Intelligence (DGGSTI), Nagpur Zone and Suresh Rayalu, Superintendent, Nagpur were awarded certificate of appreciation for their contribution in implementation of Goods and Services Tax (GST). Anurag Singh Thakur, Minister of State for Finance, Government of India, gave all certificates to the awardee in New Delhi recently. Gurumurthy was lone Joint Commissioner in India to get this award. Total nine superintendents ..

Go Gas reduces auto LPG prices by Rs 6.30/litre across Maharashtra

 Business Bureau: Confidence Group has recently reduced the prices of the auto LPG in Maharashtra state by Rs 6.30 per litre. This will have a positive impact on saving in the fuel expenses for the auto LPG vehicle owners across the state. Auto LPG is an economical and cleaner option as against petrol. When compared, it is almost 45 per cent cheaper than the petrol. Auto LPG is an effective and smarter fuel option which is useful for the vehicles that run on petrol. Almost 45 per cent saving ..

Economic Survey supports policies for MSMEs: CAIT

  “It appears that Government will enhance exemption limit under Income Tax and will lay out a policy to encourage savings in the country” n Business Bureau The Economic Survey for the last fiscal year is a indication of focus of the Government now on boosting growth and development of MSME sector which is quite reflected in identifying five core sectors i.e investments, savings, exports, growth and jobs as the primary engine to drive Indian economy. It will drive the nation to accelerate ..

Indian pharma industry to grow at 11-13 pc

 INDIAN pharmaceutical industry is likely to grow by 11-13 per cent in the current fiscal, rating agency Icra said on Thursday. The growth trajectory for the Indian pharmaceutical industry is likely to remain at 11-13 per cent in FY2020, on the back ..

MFs’ AUM rises over 4% to Rs 25.49 lakh cr

 Business Bureau: Mutual Funds’ asset base increased to Rs 25.49 lakh crore in April-June 2019, a rise of 4.14 per cent over the previous quarter, on the back of increased retail participation. The asset base of the industry, comprising 44..

Service providers may now opt for Composition Scheme till July 31

 Business Bureau: THE tax department has extended by three months till July 31 the deadline for service providers with turnover of up to Rs 50 lakh to opt for the composition scheme and pay six per cent goods and services tax (GST). The GST Council, chaired by Finance Minister and comprising state counterparts, has permitted such service providers to opt for composition scheme and pay taxes at reduced rate of six per cent beginning April 1, 2019.  This is against the higher rates of ..

Toddler Creed begins new session

   Toddler Creed Preschool, daycare, evening activities and Montessori Teachers’ Training have started the new year with a bang. Toddler Creed Preschool follows CBSE pattern playgroup, nursery, Junior KG and Senior KG in a play-safe and stimulating environment. The kindergarten is well equipped with Montessori trained, educated and experienced staff with an exceptionally high student teacher ratio. Unique features like toddler gym, play safe flooring, and sand play make Toddler ..

TiE’s mentorship programme from today

 TiE Nagpur in association with TiE Pune will be launching ‘Nurture 1.0’, a six-month long mentorship programme for startups and venture founders. Nurture will help venture owner in deep dive and rigorous mentorship from years of experienced entrepreneurs of Charter Members of TiE Nagpur and TiE Pune.  The launch event will be conducted on July 6, from 10 am- 8 pm at Dr APJ Abdul Kalam Hall, Persistent Systems, IT Park, Nagpur. Nurture 1.0 launch event, a delegation of four Pune ..

Live telecast of Union Budget at VIA today

 Union Finance Minister Niramala Sitharaman will be presenting Union Budget in Parliament on July 5.The Vidarbha Industries Association (VIA) has made arrangements for live telecast of the Budget Speech at its premises in Udyog Bhawan, Civil Lines.  The industry members of the region are invited to watch the Budget speech from 10:00 am. Besides, the association will conduct Post Budget Analysis 2019 on the same day at 6:00 pm . The topics will be covered on the occasion include - Macro ..

Overwhelming response to Jee Hazoor Saree Sale

 Business Bureau: JEE Hazoor Sale is offering 50 per cent discount on sarees, salwar, suits, dress material, kurti. The saree sale is getting overwhelming response from the Nagpurians. The showroom is showcasing sarees of Gadwal silk, Paithani, Upada silk, Dakshinotri silk, Patola, with heavy discount. Designer and boutique sarees are also offered with heavy discount. Cotton and synthetic sarees are also offered with discount. The showroom has brought new fresh stock of Garden Verali sarees, ..

OYO takes over mgmt of 50 hotels in city

 By Praveen Vighre:  Adding fuel to the growth of the city, budget hospitality chain OYO Rooms has forayed into a big way in Nagpur by taking over the management of 50 hotels. Disclosing this to The Hitavada, Arjun Singh Arora, Director of Centre Point Hotel said, OYO presence will change the business model of hotels. OYO banks on three types of business models-- firstly, it takes segment of room of budget hotels, secondly, takes complete hotel on rent and thirdly, it starts own town house. ..

‘US Admissions Day’ at Krishna Consultants

 Business Bureau: KRISHNA Consultants has organised an exclusive event to seize the only opportune moment to get admission in high ranked US universities by attending the ‘US Admissions Day’. One can meet the university delegates from more than 20 participating US universities and get the spot evaluation done for an admit in a master’s or bachelor’s programme in a university of one’s choice. Aspirants keen to apply for Spring or Fall 2020 intakes can attend ..

Bhavan’s Trimurti Nagar starts classes in Science and Commerce for Std XI

 Business Bureau: BHAVAN’S Bhagwandas Purohit Vidya Mandir, Trimurti Nagar has been granted affiliation of senior secondary classes by Central Board of Secondary Education, New Delhi. As a part of its future endeavours the school will now be commencing its Commerce and Science classes for standard XI from second week of July 2019 for the current academic session 2019-20. The school established in July 2013 at Trimurti Nagar has a strength of 2,363 students and runs classes from Nursery ..

VED’s new office-bearers installed

 Business Bureau:  Shivkumar Rao takes over as new President and Rahul Upganlawar as Secretary General  Shivkumar Rao has taken over the mantle of the Vidarbha Economic Development Council (VED) as its fourth President since its inception in 1994. At the recently held executive committee meeting, Rao announced the other office-bearers as vice-presidents Pradeep Maheshwari, Dr D G Garway and Pankaj Mahajan; Secretary General Rahul Upganlawar; Treasurer Navin Malewar; joint secretaries ..

Engineering exporters demand fiscal relief in Union Budget

 Business Bureau: ENGINEERING exporters have sought fiscal relief in the upcoming Union Budget, including income tax exemptions and further support for the MSME sector. The plea comes in the backdrop of slowdown in the global economy and “protectionism rearing its head” in major economies, the Engineering Exports Promotion Council (EEPC) said recently. In its pre-budget presentation to the Finance Ministry, EEPC India has demanded income tax exemption on profits derived on transfer ..

Auto industry urges Govt to improve liquidity

 Business Bureau: AUTOMOBILE industry body SIAM has urged the Government to take immediate measures to improve liquidity, especially in the non-banking financial company (NBFC) sector, in order to fuel growth in the sector which has seen sales drop month-on-month leading to even closure of various dealerships. In a letter written to the Finance Ministry, the Society of Indian Automobile Manufacturers (SIAM) has urged the government to look into the matter on an urgent basis and take suitable ..

Rise in customers opting for personalised visa processing

 Business Bureau: THERE has been an 121 per cent increase in the number of customers opting for personalised assistance and professional guidance through the visa application process in the first four months of 2019, according to VFS Global. VFS..

Monsoon offer at D Krishna

 D KRISHNA is offering a wide range of sarees in pure silk, printed handloom silk, designer Indo-Western sarees, chiffon thread work, synthetic, branded sarees, cotton sarees, unstich suits, cotton suits, georjette, shiffon, Banarasi suits, designer gowns, Patiyala suits, ghagra sets, bridal wear and girls lacha in full range. D Krishna Cloth Store is located at Tin-nal Chowk, Bhandara Road (Ph: 2762931) and Gandhi Chowk Road, Sadar (Ph: 2567111, 2550259).  ..