Bussiness

CS Khushboo Pasari to lead Nagpur ICSI

Nagpur Chapter of WIRC of ICSI announced its new office bearers for the term 2021-22. CS Khushboo Pasari has taken o ver the the charge of Chairperson of ICSI from CS Deepti Joshi. CS Rohan Mehra is the new Vice-Chairman while CS Rashmi Mitkary is Secretary...

Dr Rashmi Bansal to hold TiE Nagpur’s session today

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...

Raisoni Group to conduct National Student Parliament on Jan 22, 23

Raisoni Group of Institutions (RGI) will conduct its ‘8th National Student Parliament (NSP)’ on January 22 and 23 through online mode. It is one of the most anticipated event and platform for students to debate on the issues concerning the country and society. The two-day event will have some of the renowned celebrities, eminent thinkers, social activists, entrepreneurs and politicians from across the country as speakers. They will not only interact with the students but will also throw some light ..

VIA honours 16 innovators on Entrepreneurs’ Day

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.”..

NCCL demands reduction in direct tax rates

The Nagpur Chamber of Commerce Limited (NCCL) urged the Union Finance Minister to bring down the tax rate of direct taxes for all corporate and non-corporate entities (including LLPs & firms) to 25 per cent. The chamber also felt that the maximum marginal rate for individuals should also be brought down to 25 per cent and the basic exemption limit be increased to Rs 5 lakh. For tax audit in case of partners of firms, the Chamber sought an amendment in section 44AB of the Income Tax Act, 1961 for the ..

WMTPA’s all India protest call on Jan 29

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. ..

New men’s ethnic stocks at JINAAM, Dharampeth

Mantra Fashions, Dharampeth, Nagpur, the exclusive brand store of Jinaam, Mumbai and other leading designer brands, has got new ethnic collections in men and kids (boys) categories. Sherwanis, Indo-Westerns in latest colours, cuts and regular designs, Nawabi, coat suits, Jodhpuri suits, Modi jackets, blazers, Pathani sets, kurta sets in traditional, cottons, linens, etc. are available for men and kids...

Stonepile Construction College offers bright career in AEC industry

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 ..

Petrol hits new all-time high of Rs 92.06/litre

As the fuel prices have once again witnessed a hike on Monday, petrol and diesel recorded its new all-time high in the city. Petrol price jumped by 24 paise to touch Rs 92.06 per litre mark while diesel price soared by 26 paise from its previous day mark to reach new all time high of Rs 82.42 per litre. Many oil consumers are raising eyebrows over the new levels of the fossil fuel as petrol and diesel prices have gained Rs 1.21 and Rs 1.36 per litre in the New Year. On January 1, petrol was at Rs ..

‘Majority of deal value in M&A transaction goes towards intangible assets’

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...

Healthcare sector’s revenue to grow 20 pc in 2021-22: Report

REVENUE growth of the healthcare sector, which was one of the worst impacted due to the pandemic as people delayed costly elective medical interventions, is expected to recover next fiscal and may touch 20 per cent as the occupancy is on the mend, according to a report...

Spurious packaged drinking water: BIS conducts raid on manufacturer

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...

Union Budget: Traders want relief in I-T, other relaxation

Traders who are facing hardship because of the recent lockdown are now expecting few of measures from the policy makers in the forthcoming Union Budget. The Nag Vidarbha Chamber of Commerce (NVCC), representing more than 13 lakh traders of the region, urged Union Finance Minister Nirmala Sitharaman to revise Personal Income Tax slab and take other measures that could give them a helping hand in the current phase. In a letter sent of Union Minister, NVCC highlighted that the Government has amended ..

Demand to rationalise GST on food delivery biz to 5 per cent

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 ..

Handicraft expo begins at Nagpur Urban Haat

SHILPAKARI Bahu Udyeshiya Kalyankari Mahila Sanstha has organised a handicraft exhibition at Nagpur Urban Haat, Ganganagar Chowk, Hajari Pahad. The exhibition was inaugurated at the hands of S R Masram, Senior Assistant Director, Handicraft Seva Kendra on January 15 in presence of Shagufta Parveen, Secretary of the Sanstha; President Kamlesh Narbariya; General Secretary Jafar Ahmed and others. Women SC self help groups are showcasing their handicrafts and other products in the expo which wil..

Admission begins at Montfort School

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..

Reliance Digital offers bigger savings on pre-booking for RD sale

Reliance Digital is back with exciting pre-booking offers for the Republic Day “Digital India Sale”. This year the offers get even bigger and better with double the benefits. Customers can book their favourite electronics paying an advance of Rs 1,000 during the pre-book period from January 18 to 20 and get an additional Rs 1,000 off, along with instant discounts and special offers running during the Digital India Sale. Customers can also choose to pre-book with Rs 2,000 to get an additional Rs 2,000 ..

Real estate sector seeks input tax credit on development of leased commercial properties

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 ..

Dialing pattern from BSNL landline changes from Jan 15

Bharat Sanchar Nigam Limited (BSNL) has informed its subscribers that they would need to prefix ‘0’ for making calls from its landline to any mobile phones from January 15...

Nagpur airport handles about 60% less passengers in 2020

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. ..

‘Through A Child’s Eye’ expo to showcase children’s artwork

The Hitavada Twinkle Club, HERD Foundation, Hastankit, Sir Gangadharrao Chitnavis Memorial Trust and Radio City have collaborated to bring an art project to life. Titled ‘Through a Child’s Eye’, (Nagpur Art Exhibition 2021) it entails projecting the beautiful and colourful artwork of children on a flyover wall and pillar. Through this exhibition many unedited children’s art will be blown up and imprinted on the newly built Chhaoni Flyover. The annual children’s art exhibition, by HERD Foundation, ..

ALLEN offers chance to get up to 90% scholarship in admission fee

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 ..

BoM holds retail loan expo

BANK of Maharashtra (BoM), Tapovan Branch has organised ‘Retail Loan Expo’ on January 13. Through this expo, Bank of Maharashtra has informed customers about Mahasuper housing loan which is having interest rate of 6.90% only, minimum EMI of Rs 659 per lakh, zero processing fee and waiver of 2 EMI..

Gupta urges people working in Hingna MIDC to use Metro services

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...

Surgery by Dr Malewar gives new life to Anish

Twelve-year-old Anish Kachore’s dreams were shattered when one fine day he met a road accident while playing. Bones of his spinal vertebrae got dislocated injuring nerves of his spinal cord severely. This led to complete loss of power in his legs along with complete loss of power to pass urine and stools. His father took consultation from many hospitals in Nagpur, but no one assured him that Anish could be cured...

Realtors seek hike in deduction on home loan interest to Rs 5 lakh in Budget

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 ..

NRHA wants relief in property tax

NAGPUR Residential Hotels Association (NRHA) delegation led by its President Tejinder Singh Renu greeted the newly elected Mayor Dayashankar Tiwari. Renu requested Mayor that the hoteliers in Nagpur expect cut in property tax on hotels by Nagpur Municipal Corporation (NMC). Mayor Dayashankar Tiwari said, “Financial conditions of BMC is much stronger as compared to ours, however we'll discuss this and take appropriate call”. Also present in NRHA delegation were Inderjeet Singh Baweja, V-P and Nitin ..

MD & CEO of BoM to interact with entrepreneurs

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...

PV sales in India at ten-year low, industry working hard to regain volumes: SIAM

Passenger vehicle wholesales in India slipped to a ten-year low in the April-December this fiscal, and the industry will have to work hard to regain better volumes and business health, industry body SIAM said on Thursday. While releasing the wholesale numbers for December and the third quarter (October-December) of the current fiscal, the industry body said high levels of uncertainty remain in the industry due to COVID-19 situation and shortage of critical components like semiconductors...

‘Petrochemical complex with refinery can transform Central India’s economy’

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...

Jewellers seek cut in Import Duty

THE gem and jewellery industry has sought reduction in customs duty on gold to four per cent, withdrawal of tax collected at source (TCS), cut in Import Duty on polished precious and semi-precious gemstones, in the upcoming Union Budget. All India Gem and Jewellery Domestic Council (GJC) Chairman Ashish Pethe said, “We urge the Government to reduce the customs duty to 4 per cent from the current 12.5 per cent...

General insurance employees stage demo

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...

Kite festival at G-Naturals farm today

G-NATURALS food for medicine will be organising a kite festival today. This type of kite festival would be the first of its kind. The farm has all naturally grown crops without any pesticides. The participants would be getting five kites free and natural breakfast, lunch and high tea. One has to register their names on given mobile number using Google Pay with Rs 500. The entry is limited up to 100 persons only. The kite festival is at village Jamgarh, behind Kamakshi Resort, Kursagar bus stop, ..

Rajesh Rokde appointed as Director of GJC

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...

‘Investing in stock market requires certain skills’

Before entering the market, investors should gain knowledge on the working of the stock market and also learn how to read company financial statements and understand company results etc. By Ravi Chandpurkar : Highlighting the importance of how to effectively invest in stock market to first time investors, Anuj Badjate, Director of Badjate Stock & Shares Private Limited, one of the oldest and leading stock brokers in the city said, “Investors should understand that investing in stock market requires ..

CAIT asks Govt to ban WhatsApp, Facebook over new privacy policy

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 ..

‘Online transactions grew 80% in 2020’

Online transactions grew 80 per cent in 2020 over the previous years, driven by strong adoption of digital transactions in tier II and III cities, according to a report by fintech firm Razorpay. The report pointed that UPI transactions outgrew cards, netbanking and wallets with 120 per cent growth in 2020 and became the most preferred mode of payment, especially for tier II and III cities. Razorpay - which facilitates digital transactions - said it witnessed a decline of 30 per cent in digital payments ..

Domestic hospitality industry to contract by 65% in FY21: Report

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 ..

Unique Beauty Mall shifts to new location

Unique Beauty Mall, one of the renowned beauty health centres in the region, has shifted its base from Rahate Colony to a new location at Telephone Exchange Square, 63, Gandhi Grain Market, near Mascot Honda. The new mall was inaugurated at the hands of Mayor Dayashankar Tiwari, MLC Abhijit Wanjari, and MLC Girish Vyas at a function on Monday...

Good response to Bharatiya Crockery Sale

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 ..

Pioneer launches Pioneer Orchid in its 25th anniversary

THE Pioneer Infrastructures Company Pvt Ltd., is the first premier ISO 9001-2008 certified construction company of central India and has recently completed its 25 years of operations. The company had a humble beginning and has since completed more than 20 projects with 30,00,000 square feet construction and more than 3,500 happy families. Pioneer Group has delivered commercial and residential projects worth Rs 1,000 crore (as of todays evaluation) in various locations of India and the company’s ..

MECL signs MoU with OMECL

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...

KDK College of Engineering marching ahead with excellent placement record

With good placement records, accreditation of National Board of Accreditation for five programmes, having National Assessment and Accreditation Council (NAAC) status, the KDK College of Engineering (KDKCE), Nagpur is marching ahead. It is carrying the tradition of imparting good quality education since 1984. Apart from approval from AICTE, Director of Technical Education, Maharashtra and affiliated to Rashtrsant Tukadoji Maharaj Nagpur University, Nagpur. The Government of Maharashtra has conferred ..

Vivekanand Nagari Sahakari Sanstha to celebrate birth anniversary of Vivekananda

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...

Ayur PureBliss offers treatment on joint pain

Ayurcare PureBliss, one of the renowned and trusted Panchkarma centres of the region, offers treatment on various back pain and spine related diseases. The centre is located at Civil Lines, Nagpur. According to a press release, back pain and spine related diseases are..

‘Cement demand expected to grow by up to 20 pc in FY22’

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...

Cotton & Silk Exhibition to conclude today

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 conclude on January 11 at Chitnavis Centre, 56, Temple Bazar Road, Civil Lines. Timings are from 10 am to 9 pm. The exhibition is getting an overwhelming response from the citizens...

Participants of ‘Pratishthit Nari Pratishthit Saree’ felicitated

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 ..

All-new MG Hector 2021 unveiled at Nangia Cars

AS THE New Year 2021 ushers in to greet Nagpurians, the automobile enthusiasts have been keenly awaiting some new machine to zoom forward with. Finally the wait is over with the New Year launch of all new Hector 2021 that sports class, commands incredible features and drives all the next generation elements that beautifully compliment the likes of Nagpurians. It was unveiled by Akshit Nangia and Abhimanyu Nangia of Nangia Cars in Nagpur. MG Motor India has launched the all-new Hector 2021 range starting ..

India’s coal import drops 17% in Apr-Nov

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...

Mahalaxmi Builders’ plots from Rs 999 per sq ft onwards

Mahalaxmi Builders has developed layout with the approval of MMRDA in Mahalaxminagar premises. The plots are available from Rs 999 per square feet. In the proximity to MIHAN-SEZ, Jamtha Khasra No 278/2, the plots are ready for registry. There are reputed school, colleges and hospital in the area...

FMCG cos plan to hike prices

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...

Egg prices drop on lower demand in wholesale market

The egg prices in the city have dropped in the past 8 days due to lower demand. The egg prices are being quoted at Rs 4.75 per piece as compared to 8 days ago at Rs 5.50 per piece in the Mahatma Phule wholesale market popularly known as Cotton Market. In retail eggs are priced between Rs 6.50 and Rs 7 per piece, depending on the locality. This was disclosed by Moiz Burhani of Vidarbha Eggs while speaking to The Hitavada on Friday. He further said that there were some reports that people were ..

DGGI Ngp detects fraudulent transactions of Rs 498.5 cr

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 ..

Dream Budget of youth to propel India into a $5 trillion economy

More than 150 Youth Parliamentarians chiselled their ideas to propel India into the next orbit at Budget Dialogues 2021, organised by National Youth Parliament Organisation on January 7 and 8. This digitally organised Youth Parliament was inaugurated by Om Birla, Speaker of the Lok Sabha, on Thursday. As the Speaker-designate of the Budget Session, Kartikeya Goel, Founder and President of NYPO, set the tone for the deliberations: “As the youth forms around one-third of the population, I hope ..

Hiring intent for junior level talent rises for Jan-Mar: Report

 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 ..

‘Develop community R&D centres under PPP model’

The Confederation of All India Traders (CAIT) in a communication sent to Prime Minister Narendra Modi, attracting his attention towards his recent key address at the National Metrology Conclave, said that it was most thought provoking and encouraging towards greater usage of technology and innovations for production and trade of high quality of Indian goods which are capable to promote “Brand India” in global market. On behalf of business community of the country, the CAIT appreciated PM’s positive ..

CAI increases its crop estimate for 2020-21 cotton season to 358.50 lakh bales

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 ..

Petrol price touches Rs 91.34/litre mark, diesel at Rs 81.62/litre

After maintaining the fuel prices for about a month, the domestic oil marketing companies have once again pushed up petrol and diesel prices. The prices have been witnessing a hike for the past two days. On Thursday, petrol price hit its new high of Rs 91.34 per litre while diesel touched Rs 81.62 per litre mark. Earlier on Wednesday, petrol price was at Rs 91.11 per litre and diesel was at Rs 81.34 per litre. It is important to note that between December 7, 2020 and January 6, 2021 petrol prices ..

Toll collection likely to grow 15% in FY22: Icra

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...

‘Hiring activity registers 14 pc sequential growth’

THE overall hiring activity in the country has improved by 14 per cent during December 2020, compared to the previous month mainly led by insurance, auto and ancillary sectors, according to a report. The Naukri JobSpeak Index for December 2020, at 1,972, witnessed an increase of 14 per cent in hiring activity as compared to November 2020, when it stood at 1,727. On a year-on-year basis, the overall hiring witnessed a decline of 10 per cent in December 2020, the lowest decline in the post-COVID months...

‘Energy saving is need of the hour for industries’

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 ..

Choose stocks with strong fundamentals: Experts

The Indian stock markets recovery from the lows hit in March 2020 has been remarkable. The S&P BSE Sensex has considerably recovered touching new highs, shrugging off the hangover of COVID-19, tensions over the India-China border stand-off and grim economic outlook, said CA Julfesh Shah, expert on share market while speaking to The Hitavada on Wednesday. He further said that investors should primarily stick to good quality large cap names with strong fundamentals rather than optin..

‘PE deals jump 108 pc in 2020’

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 ..

Thermal coal imports at major ports fall 16 pc: IPA

DISRUPTIONS caused by the COVID-19 pandemic continued to impact cargo movement in India with thermal coal imports at 12 major ports declining 16.43 per cent year-on-year to 55.16 million tonnes in April-December 2020 period, according to ports body IPA...

‘Sugar production up 42% in Oct-Dec at 110.22 lakh tonne’

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...

‘Farmers should take up ethanol production’

ONTHE eve of National Farmers’ Day Institute of Cost Accountants- Nagpur Chapter in association with the Agriculture Task Force of the Institute, conducted a webinar on -“Exploring ways and means for Strategic Agri Revenue and Cost Management” The Institute of Cost Accountants of India has constituted a National Agri Task Force, with a view to support the Government’s initiative of ‘Doubling the Farmers’ Income’...

Sleepwell welcomes 2021 with its ‘Run for Health’ initiative

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 ..

Inbound M&As fall 7% to USD 73.6 bn in 2020: Report

DESPITE Reliance Group closing a slew of equity divestments in its telecom and retail arms to the tune of USD 23 billion in 2020, the overall inbound M&As failed to notch up the 2019 tally with the value falling 7 per cent to USD 73.6 billion last year, according to a report...

ALLEN Scholarship Admission Samay Bansod said Test on January 10 and 17

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 ..

Attractive offer at Yogayog Marriage Bureau :

For the last 16 years Yogayog Marriage Bureau is providing its services to candidates belonging to Brahmins and other castes. On the occasion of New Year, Yogayog has came up with an attractive offer wherein each and every member will be getting extra two months on their 12 months membership. Director of Yogayog Gouri Belan said that Yogayog has profiles from various cities. Interested candidates may visit www. yogayogmatrimony.com for details or contact Registration Head Rupali Saoji on Mobile No. ..

State Govt should address issues of traders: CAMIT

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...

Will resolve issues of Grain Market, Kalamna: Kedar

Maharashtra Minister for Animal Husbandary and Dairy Development and Sports and Women Welfare Sunil Kedar recently assured the farmers and traders that he will soon look into all the matters related to the New Grain Market, Kalamna and try to resolve it...

Rokde Jewellers offers new range of certified gemstones

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 ..

NYPO to hold Budget 2021 session from Jan 6 to 8

An important event is being organised by National Youth Parliament Organisation (NYPO) on January 6 and January 8, 2021 to discuss the Budget for India for FY 2021-2022. The event will be inaugurated by the Speaker of Parliament Om Birla on January 7 (Budget Session) while the senior leader of BJP Vinay Sahastra Budhi will also mark his presence. With this, on January 6 and January 7, other renowned personalities will also grace the event and students from across the nation will be the core of it...

‘Infrastructure credit grows marginally to Rs 22.6 lakh cr’

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...

Fake invoices: CGST arrests prop of Gurukripa Associates

The Anti Evasion Branch of CGST and Central Excise, Nagpur-II Commissionerate on Monday arrested Vikesh Kailash Joshi, proprietor of M/s Gurukripa Associates (GSTIN-27AYYPJ5625L1ZL) on charges of fraudulently issuing invoices amounting to (invoice value) Rs 18,66,98,167 involving GST of Rs 2.58 crore...

Tarare bags cross country gold

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 ..

Radio Orange channel celebrates success of women entrepreneurs

In a glittering ceremony held here at Hotel Radisson Blu on Sunday, Radio Orange Inspire Awards 2021 were presented to women entrepreneurs to celebrate their success in various fields. Women entrepreneurs from 40 different categories were identified for their exemplary work and were felicitated at the hands of Union Road Transport and Highways Minister Nitin Gadkari and Bollywood celebrity Mandira Bedi. Chief Executive Officer (CEO) Inu Majumdar; Social Worker Jayanti Majumdar; J K Majumdar; Managing ..

Mohabat Singh Tuli opens resort in Pench National Park

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 ..

Bank credit records marginal growth: Report

THE rise in retail loans and a slight uptick in corporate borrowings pushed up the bank credit growth marginally during the fortnight ending December 18, though the deposit growth remained flat, CARE Ratings said in a report. However, as compared to the year-ago period, the credit growth remained low, reflecting subdued demand and risk aversion in the banking system -- especially towards the corporate segment...

‘New supply of office space down 30-35 pc in 2020’

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...

Vivekanand Nagri Sahakari Sanstha unveils calendar

The Vivekanand Nagri Sahakari Pratyaya Sanstha recently unveiled the New Year calendar for 2021 at a ceremony held here...

Conditions not favourable for hike in power tariff: NVCC

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. ..

‘IBBI will strive for ‘malleable regulatory framework’ within confines of insolvency law’

THE Insolvency and Bankruptcy Board of India (IBBI) has adapted itself to the new environment in the wake of the coronavirus pandemic and will strive to provide a “malleable regulatory framework” within the confines of the insolvency law, according to its Chairperson M S Sahoo. A key institution in implementing the Insolvency and Bankruptcy Code (IBC), the IBBI has moved to the electronic mode for most of its engagements with stakeholders and has recalibrated important regulations amid the pandemic. ..

Cotton & Silk Exhibition getting good response

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. ..

RBI comes up with Digital Payments Index

THE Reserve Bank of India on Friday said it has constructed a composite Digital Payments Index (DPI) with March 2018 as the base period to capture the extent of digitisation of payments across the country. “The DPI for March 2019 and March 2020 work out to 153.47 and 207.84, respectively, indicating (an) appreciable growth,” it said in a statement. ..

Vijayan’s Yoga classes start at Dharampeth Centre

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)...

Unique offer at World’s Best Dry Fruits

World’s Best Dry Fruits has launched unique offer on dry fruits. In this offer one can buy dry fruits of Rs 3,000 and Rs 1,000 dry fruits are given free. It has also introduced ‘Lactating Laddu’ which contains gum full of calcium, dates for vitamins, kaju for magnesium, badam for protein, pista for vitamin E, anjeer for iron, 32 herbs (Jadibutia) for immunity, gud for minerals, sugar to make it sweet and desi ghee for vitamin B12. Its has all necessary vitamins, minerals, proteins, calcium in it. ..

‘Need systematic plan to resolve traffic issue at MIDC Hingna’

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. ..

Bank credit grows 6 pc, deposits by 11.3 pc: RBI

Bank credit grew 6.05 per cent to Rs 105.49 lakh crore, while deposits rose 11.33 per cent to Rs 144.82 lakh crore during December 5-18, RBI data showed. ..

RCOEM offers course in Industrial Engineering branch

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. ..

Retail inflation for industrial workers eases

Retail inflation for industrial workers eased to 5.27 per cent in November compared to 5.91 per cent in October, mainly due to lower prices of certain food items. “Year-on-year inflation based on all items stood at 5.27 per cent for November, 2020 as compared to 5.91 per cent for the previous month (October) and 8.61 per cent during the corresponding month of the previous year,” a Labour Ministry statement said. It said that the food inflation stood at 7.48 per cent in November as against 8.21 per ..

Dr Samanta dons hat of patron of Odia arts

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. ..

‘Govt should reduce rate of GST, Stamp Duty’

IN ORDER to encourage more citizens to avail insurance facilities, Union Government should reduce rate of GST and Stamp Duty. Corporate tax of insurance companies should be reduced at least to 6 per cent, so that more bonus can be distributed. Also, parity should be brought in for National Pension Scheme (NPS) and insurance companies, suggested CA Milind Kanade, Convener, Economic Cell of BJP, Maharashtra while making submissions to Union Finance Minister Nirmala Sitharaman...

Celebrate New Year at newly opened Babu Moshay

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 ..

FASTag facility available at all NNSBL branches

From January 1, FASTag card on-line payments system is now mandatory for all vehicles for paying the toll charges while crossing toll plazas across all national highways. Under the Central Government’s direction Nagpur Nagarik Sahakari Bank Limited (NNSBL) has introduced FASTag card facility at all its branches. NNSBL is the first co-operative bank in Vidarbha to provide FASTag card facility. For providing this facility to four-wheeler owners, the bank has received permission from National Payment ..

Centre Point & Pabalo Nagpur bringing in 2021 with a twist

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 ..

Patil’s Classes revision class & test series from January 4

PATIL’S Classes an acclaimed coaching class since 31 years in Nagpur has introduced Score Booster-revision class and test series for Std VI to X CBSE students starting from January 4, 2021. All major subjects will be covered for revision and test series. The test series will be conducted as per CBSE guidelines. Question papers are set and corrected under the guidance of senior faculties...

Current account surplus moderates to USD 15.5 bn in Q2: RBI

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...