TiE Nagpur, in continuation of its initiative under the “Knowledge Sharing Series” will conduct a session on “Moves & Counter Moves – a competitive strategy of market retaliation” on January 20 between 5:30 pm and 6:30 pm...

The Vidarbha Industries Association (VIA) in association with Lemon Ideas celebrated the fifth edition of ‘National Entrepreneurs Day’ on Saturday. Chief Guest of the virtual felicitation ceremony was former Chief Minister of Maharashtra Devendra Fadnavis who said, “India really needs to convert ideas into capital to leapfrog towards realizing our aim of becoming a $ 5 trillion economy.”..

In recent past, all professionals and trade is suffering a lot due to - frequent changes in law, complex portal, unstable Goods and Services Tax (GST) and forced to work on Sundays as well. Government is neither listening to representations submitted by various associations, nor listening to court direction in true spirit, said the Western Maharashtra Tax Practitioners’ Association. ..

Candidates who wish to start a professional career in architecture, engineering and construction (AEC) industry with exposure to the best world-class practices can apply for the online courses offered by Stonepile Construction College. The college offers diploma, bachelor and masters degree in construction management. This was revealed by Vijay Rathod, Executive Director of Stonepile Construction College and its parent company Base4 while speaking to The Hitavada. Rathod who is from Nagpur and completed ..

A SIGNIFICANT proportion of the deal value in a merger and acquisition transaction is allocated towards intangible assets, reflected by the underlying products, brands, intellectual property and customer relationships, says a study. According to an EY study based on annual reports of top 500+ listed companies in India by market capitalization from FY2017 to FY2020, 31 per cent of the enterprise value of the acquired companies was allocated to identified intangible assets...

Bureau of Indian Standards (BIS), Nagpur Branch conducted raid at the premises of M/s Sankalp Jal Udyog, P H No 18/A, KH No 68/2 Borgaon (Dhurkheda), Tel Kalmeshwar. During the raid, the above firm was found engaged in misuse of BIS Certification mark popularly known as ISI Mark on the product ‘Packaged Drinking Water (PDW)’ without having a valid license from BIS...

THE restaurants and food delivery sector has demanded that goods and services tax (GST) on home delivery of food be reduced to five per cent from 18 per cent now to boost the USD 3 billion segment, industry officials said. Customers taking food delivery at their home or office are paying 13 per cent higher price on the same food and beverages compared to customers who are walking down to restaurants as the dine-in tax rate is 5 per cent, they claimed. “The online food delivery sector in India has ..

Montfort School has started admission for the academic year 2021-22 for nursery, LKG, UKG and Std-1. Well-experienced teacher, stress on personality development, amicable environment, etc., are some of the facilities at the school. For seeking admission, prospectus and application forms are available at the school. The school is situated at Ashok Van, Gawasi Manapur, Wardha Road from..

THE Government should allow commercial real estate developers to set off GST paid on inputs like cement from the tax liability on rental income to avoid double taxation and give a boost to the office market to help India maintain its advantage in various sectors like IT and startups, realty firms and consultants said on Sunday. In its Budget recommendation for the 2021-22 fiscal year, industry body CII has demanded that Section 16 read with Section 17(5) of the CGST ..

IN THE year 2020 aviation industry experienced a sharp downturn as the economy was hit by coronavirus pandemic and Government induced lockdown. With this came travel restrictions on the movement of people and temporary suspension of flights from March 25 to May 25, the aviation industry was badly hit. As per the data given by MIHAN India Limited (MIL) authorities the air passenger traffic in and out from Nagpur airport dropped significantly in 2020 compared to 2019. ..

Allen has always been enthusiastic and motivated to encourage talent and offers the best possibilities and excellent mentorship to students. The institute encourages talent through the ALLEN Scholarship Admission Test (A-SAT), which will be conducted on January 17, 2021. Through ASAT, students can get up to 90 per cent scholarship in fees while they take admission in the courses of the academic session 2021-2022. Students of classes 7th to 11th can participate in the A-SAT exam for admission in ALLEN ..

MIDC Industries Association (MIA) Hingna recently held a webinar with Maha Metro (Nagpur Metro) officials on Metro rail services and feeder services for people working in MIDC Hingna Industrial Area. Mahesh Gupta, Joint General Manager (Civil), In-charge Multi-Modal Integration of Maha Metro, gave insights through presentations and videos about the various aspects related to Nagpur Metro. Gupta emphasised on the benefits of using Metro rail and feeder services for daily commuting purpose...

REALTORS’ body Naredco on Thursday urged the government to hike deduction on home loan interest to Rs 5 lakh from Rs 2 lakh limit at present and re-introduce subvention scheme in the upcoming Budget to boost sales of residential properties and create housing revolution. The association also sought incentives for rental housing and more stress funds to help complete distressed and stalled projects. “Last three years have been extremely difficult for the real estate industry. The reforms like demonetisation ..

A S Rajeev, MD & CEO of Bank of Maharash-tra (BoM), is currently on visit to Nagpur Zone. During his visit he will be a part of MSME Expo at Hotel Centre Point, Ram-daspeth wherein he will interact with MSME entrepreneurs and other customers of the bank. During the COVID19 pandemic various schemes were launched by Bank of Maharashtra which will be discussed with the customers. Rajeev will address also staff members and will felicitate top performing Branch Heads of the Zone...

BOTH the Central and State governments acknowledge the immediate need for additional refining capacity. There’s a proven demand for additional refining capacity in India, hence the Government is planning aggressive expansion. “Setting up of petrochemical complex with refinery can transform Central India’s economy,” said Shivkumar Rao, President, Vidarbha Economic Development Council (VED) while interacting with MLA Ashish Jaiswal...

As per directives of Joint Forum of Trade Unions and Associations ((JFTU) in public sector general insurance (PSGI) companies, PSGI employees on Tuesday hold lunch hour demonstrations at the centres of Head Office, Regional Office and other centres...

THE gems and jewellery national trade body All India Gem and Jewellery Domestic Council (GJC) has appointed Rajesh Rokde as Director. This is a matter of pride for Vidarbha and especially Nagpur. Rajesh Rokde is Director of Rodke Jewellers one of the leading and popular jewellers of the city...

Traders’ body CAIT on Sunday wrote to Information and Technology Minister Ravi Shankar Prasad demanding that the Government restrict WhatsApp from implementing its new privacy policy or impose a ban on the messaging app and its parent company Facebook. The Confederation of All India Traders (CAIT) claimed that through the new privacy policy, “all kinds of personal data, payment transactions, contacts, location and other vital information of a person who is using WhatsApp will be acquired by it and ..

The domestic hospitality industry, which has been severely affected by the COVID -19 related disruptions, is likely to witness a decline of over 65 per cent in 2020-21, according to a report. However, there might be a recovery in demand in the later part of financial year 2021-22 as vaccine rollouts gains traction, it said. In a report, rating agency Icra said it expects the industry to contract 65 per cent in the financial year 2021, with massive operating and net losses, wiping out the cumulative ..

Imported Ev Bharatiya Crockery Sale is under way at Bhagani Mandal, near Metro Station, Jhansi Rani Chowk, Sitabuldi. The sale is receiving overwhelming response. There is huge crockery collection on display in the sale. There are more than 50,000 crockery varieties. There is 50 per cent discount on crockery items. This is crockery direct factory sale. There are microwave oven proof items, glassware from Thailand, France, Turkey and Germany is available in the sale. There is ..

Mineral Exploration Corporation Limited (MECL), a Miniratna-I CPSE under the Ministry of Mines, having its corporate office at Nagpur has signed memorandum of understanding (MoU) with Odisha Mineral Exploration Corporation Limited (OMECL) at Bhubaneswar recently for augmenting the exploration of Odisha’s rich mineral resources...

Vivekanand Nagari Sahakari Pratyaya Sanstha will celebrate the birth anniversary of Swami Vivekananda on January 12 at Chhotu Bhaiya Dhakras Memorial Hall, Ruikar Road, Mahal at 6 pm. Mayor Dayashankar Tiwari will be the keynote speaker on the occasion. President of Yavatmal Urban Co-operative Bank Ajay Mundhada will preside over the event. Chairman of the Vivekanand Nagari Sahakari Pratyaya Sanstha Vivek Jugade and Vice- Chairman Mahesh Andhare have appealed to the people to attend the event...

CEMENT demand is expected to increase by up to 20 per cent in the next fiscal year with volume touching FY19-FY20 levels, rating agency ICRA said on Monday. The growth would be supported by rural demand, including affordable housing, and recovery in the infrastructure segment. “ICRA expects cement demand to increase by 18-20 per cent in FY2022 over FY2021 with the volumes reaching back to around FY2019-FY2020 levels,” the rating agency said in a statement...

Maharashtra State Handloom Corporation is taking efforts to increase the awareness about the usage of handlooms garments so that the artisans who are working day and night should get an employment. All the garments come with silk mark and Corporation logo. There are tags of the artisans on the garments. In order to motivate the traditional art of artisans, Maharashtra State Handloom Corporation and Digital Fashion Park Pvt Ltd has launched ‘Pratishthit Nari Pratishthit Saree.’ The promotion of event ..

INDIA’S coal import declined by 17 per cent to 137.16 million tonne (MT) in the April-November period of the current fiscal. The country had imported 165.35 MT of coal in the year-ago period, according to provisional compilation by mjunction, based on monitoring of vessels' positions and data received from shipping companies. Mjunction, a joint venture between Tata Steel and SAIL, is a B2B e-commerce company that also publishes research reports on coal and steel verticals...

CONSUMERS may have to shell out more money for their daily use products as fast moving consumer goods (FMCG) firms, which are facing inflationary pressure on their key raw material inputs, are considering marginal hike on their products price to offset it...

THE Directorate General of GST Intelligence (DGGI), Nagpur Zonal Unit has busted fraudulent transactions of Rs 498.50 crore by 26 entities across Maharashtra, an official release said. These include fake Input Tax Credit (ITC) of Rs 12.78 crore which was recovered in cash on the spot and one person was arrested, the DGGI release said. The release informed that as part of the ongoing drive against fake invoices, multiple searches were conducted by officers of DGGI, Nagpur Zonal Unit at a number ..

 WITH most of the sectors and establishments getting back on their feet, a report has revealed that the intent to hire junior level talent during January-March has increased by 7 per cent compared to the October-December 2020 period.“Junior level talent with a work experience of 2-5 years is likely to be the most sought-after resource this quarter. While the hiring intent for entry, mid and senior has risen by 2 per cent, 4 per cent and 2 per cent, respectively, the intent to hire junior ..

COTTON Association of India (CAI) on Thursday said it has increased its crop estimate by 2.50 lakh bales for the 2020-21 season to 358.50 lakh bales due to more carry over stock. The total cotton production for the 2019-20 season stood at 360 lakh bales, CAI said in a statement. The cotton season runs from October to September. Total cotton supply estimated by the CAI during October to December 2020 is 327.35 lakh bales, which comprises arrivals of 197.85 lakh bales, imports estimated at 4.50 lakh ..

TOLL collections are likely to grow 14-15 per cent in 2021-22, rating agency Icra said on Thursday maintaining stable outlook for the Indian road sector. Toll collections witnessed a marked improvement on the back of increased movement of both passenger and commercial vehicles, which has picked up significantly over the last three months, thereby surpassing the pre-COVID-19 levels, it said...

GIZ India and MIDC Industries Association (MIA) Hingna in association with ISHRAE Nagpur Chapter recently conducted an exclusive free webinar on ‘Energy cost reduction to improve profits in small and medium industries’ by renowned energy expert Milind Chittawar, CEO of SEE-Tech Solutions, Nagpur. SEE-Tech Solutions is a Grade 1 ESCo (energy service company) having a rich experience of over 25 years in the field of energy efficiency and having done over 500 projects in various large and MSMEs throughout ..

CLOSE to USD 18 billion that Reliance Jio and Reliance Retail mopped up from a slew of private equity transactions in 2020 has pushed up the money inflows through this route by 108 per cent to USD 33.8 billion, according to an industry report. As per the data collated by Refinitiv, private equity investments increased 108 per cent in 2020 over the previous year, with the number of deals jumping from 665 in 2019 to 791 in 2020 at USD 33.8 billion, despite the pandemic. In 2019, total PE deals stood ..

INDIA’S sugar production increased 42 per cent year-on-year during October-December period at 110.22 lakh tonne on higher cane output and an early start of mills in Maharashtra, according to trade data. Sugar marketing year runs from October to September. Indian Sugar Mills Association (ISMA) said in a statement that mills produced 110.22 lakh tonne of sugar during October-December period of 2020-21 sugar marketing year as against 77.63 lakh tonne in the corresponding period of the previous year...

SLEEPWELL, India’s leading mattress brand from Sheela Foam Ltd. has always encouraged people to lead a healthy and active life. Taking its vision for a healthy tomorrow forward, Sleepwell conducts an annual marathon “Run for Health’ at the onset of every new year to celebrate fitness and health among its employees. In the light of the current pandemic, the brand took a unique and innovative initiative by conducting this event virtually on January 3, 2021 for all its employees across offices and factories ..

ALLEN Scholarship Admission Test (A-SAT) exam conducted by ALLEN Career Institute to encourage the talent of students will be held on January 10 and 17. Students appearing for this exam are eligible to get up to 90 percent scholarship in fees. The test will be conducted on the January 10 and 17 by ALLEN to help students take admission in the courses of session 2021- 22. Admissions for the session 2020-21 continue on direct basis. Students of classes standard 5 to 11 can take part in the A-SAT exam ..

A DELEGATION of Chamber of Association of Maharashtra Industry & Trade (CAMIT) led by its President Dipen Agrawal recently met Maharashtra Minister of Transport and Parliamentary Affairs Anil Parab and urged him to adress issues of the traders on priority...

Rokde Jewellers, one of the renowned jewellers of the region, has earned a special place in the hearts of people because of its innovative, unparalleled, unique and pure gold jewelery collection. Rokde Jewellers has been maintaining this rich tradition for the past three generations. It is also popular among the people as it offers a wide collection of organaments under one roof. Apart from this, the range of original certified gemstones available in the showrooms of Rokde Jewellers is also giving ..

Infrastructure credit by banks and NBFC-IFCs in the country marginally grew to Rs 22.6 lakh crore in the first half of the current fiscal compared to Rs 22.5 lakh crore in 2019-20, says a report. “While the infrastructure credit grew 7 per cent in FY2020 (19 per cent in FY2019) to Rs 22.5 lakh crore as on March 31, 2020, it increased marginally to Rs 22.6 lakh crore as on September 30, 2020,” Icra Ratings said in the report...

NAGPUR’S Iron Man Ravindra Tarare gave himself a perfect new year gift by bagging gold medal in the World Happy New Year-26 Virtual Marathon, Singapore. Participating in the 10k event in the 60-64 year category, Tarare finished first covering the distance in 52 minutes and 54 seconds. He was followed by Singapore’s David Chang who required 54 minutes and 59 seconds and India’s Joseph John at the second and third places respectively in the online tourney. John won the bronze taking 55 minutes and 33 ..

In a grand ceremony on Friday, Tuli Veer Bagh Resort at Pench National Park, Turia, Madhya Pradesh was inaugurated at the hands of Union Road Transport and Highways Minister Nitin Gadkari who was the Chief Guest of the the inaugural function. Maharashtra Minister for Animal Husbandry and Dairy Development and Sports and Women Welfare Sunil Kedar was the guest of honour. Kanchan Gadkari, MLA Ashish Jaiswal; Dr Dhal Singh Bisen, Member of Parliament from Balaghat; members of the Tuli family Vikram ..

FRESH supply of office space fell 30-35 per cent year-on-year in 2020 across major cities mainly on lower demand because of the COVID-19 pandemic, according to property consultants JLL and Savills. While JLL India reported that new supply of office space across seven major cities declined 30 per cent to 36.34 million sq ft in 2020 from 51.62 million sq ft in the previous year, the UK-based Savills said fresh supply dropped to 30.6 million sq ft from 47.1 million sq ft across six big cities...

The recent attempt of the state power distribution company to double the electricity security deposit is not going down well with the traders of the region. The Nag Vidarbha Chamber of Commerce (NVCC), representing more than 13 lakh traders spread across the region, on Thursday opposed the move saying that the hike would leave a negative impact on them. ..

FOR experiencing the amazing products of cotton, silk, handloom made by master craftsmen from all over India displayed in 49 stalls of different States of India, one has to visit the Cotton and Silk Exhibition cum sale which will remain open till December 11 at Chitnavis Centre, 56, Temple Bazar Road, Civil Lines. Timings are from 10 am to 9 pm. ..

VIJAYAN’S Yoga and Meditation Centre is a well-known yoga center of Nagpur in Dharampeth. Apart from online classes, Vijayan’s Yoga has also started offline classes at centre with social distancing and full precautions against COVID-19. The batch timings are flexible according to the needs of individuals. Morning and evening batches are available. Admissions are available for 3 months, 6 months and 1 year. Interested may contact 248, Canal Road, 2nd Floor, Dharampeth (Mobile No: 9823189804/9422439804)...

MIDC Industries Association (MIA) Hingna recently held a meeting with Traffic Police Department led by Deputy Commissioner of Police (DCP-Traffic) Sarang Awad and Police Inspector (PI-Traffic, MIDC) Rajendra Pathak, to discuss the traffic and parking related issues of heavy vehicles in MIDC Hingna Industrial Area. In the meeting, it was decided to chalk out a plan among all the concerned authorities to resolve the traffic issue at MIDC Hingna. ..

Shri Ramdeobaba College of Engineering and Management (RCOEM), one of the leading institutes of the country, is offering Industrial Engineering course. Industrial Engineering (IE) is wider concept which is not only applicable in industries, but also in sectors like hospitals, banks, construction, mining, programming, surgeries, distribution etc. ..

Samantas was created out of the sheer passion of Dr Achyuta Samanta for the glorious art and craft that Odisha houses. Dr Samanta is widely renowned for his transformation in the realm of higher education and an institutionalised bottom-top structure for development of the indigenous populace, but what is relatively lesser known is his love for the culture and tradition of Odisha. ..

AT NAGPUR just for the new generation a fancy new cafe has opened where they can party and celebrate the New Year 2021. The new cafe has opened at New Liberty Family Restaurant, Mount Road, Sadar and is named -- Babu Moshay. The swanky cafe not only offers modern ambience but also offers shakes and fusion bites in huge variety. Currently, young people have to spend extra money just to hang out and spend their time with friends. But, Babu Moshay has taken care that students and young guys and girls ..

Centre Point Nagpur has always been synonymous for their innovative and out-of-the-box approaches to events, promotions and style of operations. With the virus still not out of sight, celebrating festivals and other occasions was still a hassle and doubtful for the people in the country. However, Centre Point Nagpur, as always, came out on top and decided to give a unique twist to the New Year celebrations. Centre Point Nagpur is offering STAYCATION packages and relax in hotel rooms to enjoy with ..

INDIA’S current account surplus moderated to USD 15.5 billion or 2.4 per cent of the GDP in the July-September quarter of the current fiscal. The same was at USD 19.2 billion or 3.8 per cent of the GDP in the preceding three months on account of a rise in the merchandise trade deficit, the RBI said on Wednesday. A current account deficit of USD 7.6 billion or 1.1 per cent of the GDP was recorded in the second quarter of 2019-20...