Bussiness

Nujster’s Fitness Studio offers Calisthenics training

Nujster’s Fitness Studio, city’s premium and truly holistic functional training fitness center, is conducting Calisthenics training classes. The center is famous for the group functional training. Calisthenics is all about using your body against you to make your self stronger. In short it is resistance training, using one’s body weight. It’s an excellent means of getting strong, while also training agility and flexibility...

Hyundai cars available with fabulous benefits

There also are special prices for special variants in Xcent and while Xcent Prime is available with factory-fitted CNG, Grand i10 NIOS, Venue, and Elantra are available with assured early deliveries Business Bureau : The celebration is unstoppable at the authorised Hyundai showrooms in Nagpur, namely Bigwig Hyundai, Ketan Hyundai and Eros Hyundai, as Hyundai India has added joy to the festivities by introducing exciting benefits on Hyundai cars, known for their lowest cost of maintenance...

Gold enjoys special place in human life: Pradeep Kothari

Pradeep Kothari, Director of Karan Kothari Jewellers, on Tuesday said that gold has been strongly associated with human life since long. “People belonging to different cultures and religions have been buying gold in one form or the other. Be it a marriage ceremony, religious function or any other event, gold finds special place,” he said in an interview with The Hitavada. Kothari further said that golden ornaments give different identity to one’s personality...

Short supply lifts soyabean prices

This year the production of soyabean has drastically come down due to which the prices are expected to shoot up in the market. “It is anticipated that the prices of soyabean will surge this year due to short supply and good demand. It is estimated that there is a drop in production of about 20 per cent to 25 per cent as compared to previous years production,” said Ashwin Jethani, Director of A D Commodities, Itwari while speaking to The Hitavada. He said that most traders are expecting the prices ..

Nitin Gadkari to inaugurate VED’s SME conference on November 16

With an objective to promote and develop small and medium enterprises in the districts of Vidarbha, the Vidarbha Economic Development Council (VED) will conduct an SME Conference - “SMEs: Opportunities & Possibilities – The Way Forward” on November 15 and 16. The event will be held at Chitnavis at Civil Lines Nagpur. Nitin Gadkari, Union Minister for MSME, Roads, Highways & Surface Transport, will be the chief guest at an inaugural session at 10 am. on November 16. With the advent of “Make in India” ..

HEWA seeks PM’s intervention for release of dues under RoSCTL

The Home Textile Exporters’ Welfare Association (HEWA) has sought Prime Minister Narendra Modi’s intervention for release of pending dues under the RoSCTL, a taxes and levies rebate scheme. In March, the Government had announced the Rebate of State and Central Taxes and Levies on Export of Garments and Made-ups (RoSCTL) scheme which provides rebate on all embedded taxes on exports, but HEWA claims exporters are yet to receive the refunds from this scheme which are pending since last eight months. ..

‘India’s GDP likely to grow 5 per cent this fiscal’

An SBI reserach report on Tuesday sharply cut the country’s GDP growth forecast to 5 per cent for FY 2019-20 from the earlier projection of 6.1 per cent. The second quarter GDP growth rate is likely to slip to 4.2 per cent on account of low automobile sales, deceleration in air traffic movements, flattening of core sector growth and declining investment in construction and infrastructure, according to Ecowrap -- the report from the Economic Research Department of State Bank of India (SBI). The report, ..

Are millennials spawning next wave of NPA piles for banks?

While millennials, who have been driving credit demand by a large margin in the past two years, in what can potentially raise concerns for lenders, most of them have been taking the riskier unsecured loans, warns a report. The number of millennials, - those born after 1980 - opting for a new loan grew 58 per cent as against a 14 per cent growth in the non-millennial segment, a study by credit bureau TransUnion- Cibil said on Tuesday...

India’s Jul-Sep qtr GDP numbers crucial: Report

India’s July-September quarter Gross Domestic Product (GDP) data, scheduled for a release on November 29, will be important as headline growth has already slipped to a six-year low, said Singapore’s DBS Bank in its daily report on Tuesday. “Headline growth has already slipped to a six-year low of 5 per cent Y-o-Y in the quarter ending June,” said the bank. A disappointing GDP report could lift USD/INR above its two-month range between 70.5 and 71.5 and bring it closer to the year’s high around 72.5, ..

Detoxification programme at Baidyanath Life Sciences

Baidyanath Life Sciences is introducing detoxification programme to naturally cleanse the system. One can avail free consultation from the expert Vaidyas till November 30. Detoxification programme includes various Panchkarma therapies like Basti, Nasya, Shirodhara, Vaman, Virechan, Snehan Swedan. These treatments are carried by highly trained therapists under the doctor’s supervision. Timings of the programme is from 8 am to 8 pm (Mon-Sat) and 8 am to 6 pm on Sunday...

Metro Rail project offers huge opportunities for vendors: Dr Brijesh Dixit

While inaugurating the ‘Vendor Development Programme’ here on Monday, Dr Brijesh Dixit, Managing Director of Maharashtra Metro, said that there are huge opportunities for the vendors in Maha Metro Nagpur. “The project is not only developing the city at a rapid pace but it is also providing huge opportunities for youths, vendors and others,’ he said. P M Parlewar, Director MSMEDI, was guest of hounor on the occasion while Gajendra Bharti, General Manager, District Industries Association (DIC); Mayank ..

Vaibhav Plasto Printing & Packaging on expansion spree

He is a person who believes that financial planning is one of the most essential components for the success of any business. Vaibhav Agrawal, Director of Vaibhav Plasto Printing and Packaging Pvt Ltd said, “We are planning to expand in a big way by setting up a new unit with an investment of Rs 455 crore at Butibori MIDC. When ready, the new unit will generate employment for more than 2,000 workers. The company has recently purchased 22 acres of land for the new unit and we are in the process of starting ..

Business confidence declines across industry: NCAER survey

Business confidence across the industry declined in the September quarter over the previous three months due to an all-pervasive worsening of business sentiment, said a survey by economic think tank NCAER on Monday. NCAER’s Business Confidence Index (BCI), an indicator of business sentiment across Indian industry, stood at 103.1 in the second quarter of 2019-20, falling 15.3 per cent quarter-on-quarter, despite a small reprieve in July 2019. As compared to the year-ago period, the BCI fell 22.5 per ..

Youth of India can take the country to new heights: Lok Sabha Speaker

“India enjoys demographic dividend and our young population is capable of taking the country to new heights”, Om Birla, Speaker of Lok Sabha told the graduating students at the 15th Annual Convocation of Kalinga Institute of Industrial Technology (KIIT) Deemed to be University, Bhubaneswar recently. Bachelors, Masters and Ph. D. degrees were awarded to 6578 students of 2018 – 19 graduating batch at the annual convocation, which was also graced by Dr Surjya Narayana Patro, Speaker, Odisha Legislative ..

Housing sales of 9 listed players up 11% in Q1 to Rs 5,300cr: Anarock

Housing sales of nine major players, which are listed on stock exchanges, rose 11 per cent to nearly Rs 5,300 crore during the first quarter of this fiscal as home buyers are preferring organised players having good track record of execution, property consultant Anarock said. The sales of these nine listed entities are expected to grow in the remaining period of this fiscal, it added. These nine companies are -- DLF, Godrej Properties, Mahindra Lifespace, Oberoi Realty, Prestige, Sobha, Puravankara, ..

Govt gives 3 months more till Dec for export of last year’s balance sugar quota

THE Government on Monday gave sugar mills three months more till December to export the last year’s balance quota of the sweetener. Mills were able to export about 3.8 million tonne of sugar during the 2018-19 marketing year (Oct-Sept) due to depressed market conditions, against the target of 5 million tonne under the Minimum Indicative Export Quota (MIEQ) scheme...

PE/VC investments remain flat at $3.31 bn in October: Report

The data showed realty investments coming down in October to USD 114 million, which is a tenth of the USD 1.450 billion in September Business Bureau : Venture investment activity in India slowed down both by value and deal volumes in October to USD 3.312 billion in 91 transactions on account of poor show by the realty sector, a report said on Monday. The country had recorded 98 deals which had seen investments of USD 3.744 billion by private equity and venture capital funds in September, and USD 3.336 ..

Negative outlook for automotive dealership segment: Icra

Icra Ratings on Monday said it has a negative outlook for the domestic auto dealership sector due to decline in credit profile of industry participants amid slowing sales and high working capital debt. The on-going downturn in the automotive industry has severely impacted the profitability of automobile dealerships which is expected to be at a five year low, Icra said in a statement. “OEMs (original equipment manufacturers), as well as their dealers are providing hefty discounts to clear up dealership ..

SEPC for adding more services under export incentive scheme to boost shipments

Services Export Promotion Council has urged the Commerce Ministry to widen scope of incentive scheme SEIS by bringing more services under it to promote the sector in overseas markets, a senior official has said. The foreign trade policy provides tax incentives under Service Exports from India Scheme (SEIS) to several services sector. ..

Coal imports at major ports slip 18 pc to 51 MT in Apr-Oct

Thermal coal imports declined by 17.69 per cent to 51.10 million tonnes at the country’s top 12 major ports during April-October this fiscal, latest Indian Ports Association report has said. The Centre-owned ports had handled 62.08 MT of the thermal coal in the same period previous year. The Indian Ports Association (IPA), which maintains cargo data handled by these 12 ports, in its recent report said “percentage variation from previous year” in thermal coal handling was at 17.69 per cent. ..

Electronic showrooms witness spike in demand this Diwali

THE fast moving consumer goods witnessed pick-up in demand during the festive season this year. Some of the leading electronic showroom owners in the city said that this festive season was challenging as negative sentiments were strong regarding consumer spending due to the slowdown in the economy. Beating expectations these showrooms managed to registered growth in demand as compared to the previous year. ..

Vidarbha Plywood Merchant’s body organises Diwali Milan

Vidarbha Plywood Merchant’s Association (VPMA) organised Diwali Milan recently here in the city with great fanfare. The event was held at Maharaj Bagh Club Lawn, Giripeth, Amravati Road, Nagpur where members of the association, their families and guests participated. ..

Equity mutual fund inflow hits five-month low in October

Equity mutual funds witnessed a net inflow of Rs 6,015 crore in October, the lowest in the last five months, amid rally in stock market following a series of reform measures taken by the Government. According to data by the Association of Mutual Funds in India (Amfi), open-ended equity schemes witnessed an infusion of Rs 6,026 crore, while there was a small outflow of Rs 11 crore from close-ended equity plans, translating into a net inflow of Rs 6,015 crore in October. In comparison, net inflows in ..

CAIT to launch nationwide agitation against e-commerce cos from Nov 13

THE business community across the country is fully geared up to launch an aggressive nationwide agitation against Amazon, Flipkart and other e-commerce companies which are indulging in circumventing the law and abusing Press Note No. 2 of FDI Policy of the Government. On this, Confederation of All India Traders (CAIT) organised a National Traders Conference which was attended by trade leaders of 27 States of the country at New Delhi on Sunday. ..

CAs carry baton on financial front: CA Jaydeep Shah

‘Ek Shaam Desh Ke Naam’- an ode to our motherland was organised here recetly by the Nagpur Branch of ICAI and Nagpur Branch of WICASA. The event was organised to celebrate the struggle of the brave hearts who won independence for the country by sacrificing their lives. “Chartered Accountants are the backbone of Indian Economy” said, CA Jaydeep Shah, Past President, ICAI while speaking as a chief guest on the occasion. While addressing a gathering of young CA Students whom he addressed as Future Chartered ..

Industry bread earner of the society: MP Krupal Tumane

Ever year Diwali Milan programme is organised by Butibori Manufacturer’s Association where in large number of industry owners and senior Government officials interact with each other in an informal environment. This year too, the association celebrated the event here on Wednesday with great zeal and joy. Nitin Lonkar, President of BMA; and CA Milind Kanade, Secretary of BMA, extended warm welcome to the dignitaries present on the occasion. Speaking at the event Krupal Tumane, Member of Parliament ..

‘Govt should promote projects located out of city limits’

HIGHLIGHTING the need to promote affordable housing projects in the city, Krishnakumar Toari, Chairman of Urich Grace Infrastructure Pvt Ltd, on Saturday said that the Government should encourage such projects outside the city limited. Taori, who earned the Master’ degree in Technology from the erstwhile VRCE and having over 35 years of experience in the field, is also recognised as 26th CEO in MEENA Region ranking twice by Forbes Magazine...

Mayor Nanda Jichkar performs bhumipoojan of Agrovision expo

THE bhumipoojan of Agrovision, a national-level agricultural exhibition, workshop and conference that will commence from November 22, was performed here at Reshimbagh ground on Saturday at the hands of Mayor Nanda Jichkar. Also present on the occasion were former MLA Dr Milind Mane, Chetna Tak, Girish Deshmukh, Sandhyatai Gotmare, Avinash Thakre, Ramesh Chopde, Sanjay Tekade, Sharad Donekar, Ramesh Mankar and Ravi Boratkar, both organising secretaries, Dr C D Mayee, President Advisory Committee of ..

Astute Academy’s seminar today at Scientific Hall

Discover Germany Astute Career Counselling Academy, India’s premier counselling academy, will be conducting free educational seminar on Free Bachelors and Masters from Germany from world-class universities...

Calcium laddu at World’s Best Dryfruits

Post pregnancy women’s body loose half of body’s calcium and if it is not recovered within six months, as per World Health Organisation they may suffer back pain, body pain, spondylitis, blood pressure, bone problems, depression, hypertension, thyroid or even breast cancer. World’s Best Dryfruits is making calcium laddu for the last 22 years with only natural ingredients like almonds, dates, figs, gum, pure ghee for vitamin B12 and traditional 32 herbs like kamarkas, sonth, safed musli etc. World’s ..

‘Vocational education to boost entrepreneurship’

The Government’s efforts towards promotion of skill development and vocational education will provide a fillip to entrepreneurship in the country, a top official said on Saturday. “One of the major outcomes of our skilling, vocational education efforts will be to give a fillip to self employment and entrepreneurship. Clearly therefore, entrepreneurship is the way forward and public policy to support this evolving ecosystem will be our endeavour,” Secretary in the Ministry of Skill Development and ..

Govt may impose 25 pc safeguard duty on imports of single-mode optical fibre

The government may impose a provisional safeguard duty of 25 per cent on imports of single-mode optical fibre, used for signal transmission, based on a Commerce Ministry investigation that found a sudden and significant surge in the imports of the fibre. The Directorate General of Trade Remedies (DGTR) , the ministry's investigation arm, initiated the probe in September following a complaint from the domestic industry. The preliminary findings concluded that the product is being imported in increased ..

VED to hold SME conference & mini-exhibition on Nov 15, 16

An SME conference and mini-exhibition - “SMEs: Opportunities & Possibilities – The Way Forward” in Nagpur on November 15 and 16, is being initiated by the Vidarbha Economic Development Council (VED), to promote and develop small and medium enterprises in the districts of Vidarbha. Nitin Gadkari, Union Minister for MSME, Roads, Highways & Surface Transport, will be the chief guest at the inaugural session on November 16. The inaugural session will be held at 9.30 am. The two-day event, to be held at ..

Retailers seek level playing field with e-tailers

BRICK-AND-MORTAR retailers recently claimed that their businesses have been hit by predatory pricing and deep discounting by the e-commerce companies and sought a level playing field with them. They urged small traders and kirana stores to embrace technology and improve consumers connect. “We are not calling for a law or a ceiling on minimum price that can be charged. But there is a need for a level playing field between offline retailers and e-tailers,” Retailers Association of India (RAI) Chairman ..

Sensex skids from record high as Moody’s cuts India credit outlook

EQUITY benchmark BSE Sensex tumbled 330 points on Friday as investors pressed the exit button after Moody’s cut India’s credit rating outlook citing growth concerns. Profit-booking following the recent record-setting run and unease over frothy valuations also took their toll, analysts said.Trading on a weak note though the day, the 30-share Sensex briefly turned positive to hit a fresh intra-day high of 40,749.33, but failed to sustain the momentum. It finally ended 330.13 points, or 0.81 ..

Gold down Rs 196 amid weak global trend

 PRICES of gold on Friday declined Rs 196 to Rs 38,706 per 10 gram in the national capital amid a subdued global trend, according to HDFC Securities.On Thursday, the precious metal closed at Rs 38,902 per 10 gram.In tandem with a weak trend in gold, silver prices also tumbled Rs 956 to Rs 45,498 per kg from Rs 46,454 per kg in the previous trade.“Spot gold prices for 24 Karat in Delhi were trading Rs 196 down with overnight decline in global gold prices. However, the downside was limited ..

No levying of charges on NEFT payment from January: RBI to banks

COME January 2020, and customers may not have to pay any charges for transactions done through the popular NEFT system. A proposal in this regard has been mooted by the RBI to give impetus to digital transactions on the third anniversary of demonetisation.The central bank has also proposed that FASTags would be enabled to pay for parking fee and even at fuel stations. Digital payments constituted a high 96 per cent of total non-cash retail payments during the October 2018 to September 2019. During ..

Eicher Q2 net up at Rs 573 cr

EICHER Motors on Friday posted 4.36 per cent increase in its consolidated net profit at Rs 572.69 crore for the second quarter ended September 30, 2019. The company, which sells motorcycles under the Royal Enfield brand, had reported a net profit of Rs 548.76 crore in the July-September period of 2018-19.Total revenue from operations, however, declined to Rs 2,192.47 crore for the second quarter as compared with Rs 2,408.17 crore in the same period of the previous fiscal, Eicher Motors said in a regulatory ..

Over 60,000 BSNL, MTNL employees have opted for VRS so far: Telecom Secretary

 MORE than 57,000 employees of BSNL have opted for VRS in the last few days and the figures when combined with that of state-owned MTNL exceed 60,000, Telecom Secretary Anshu Prakash said on Friday.The numbers of VRS optees have been steadily rising since the plan was announced earlier this week.On Friday alone, the numbers for Bharat Sanchar Nigam Ltd (BSNL) climbed from 40,000 in the late afternoon to over 57,000 by evening. “Overall, for BSNL and MTNL combined over 60,000 employees have ..

Govt announces Steel Scrap Recycling Policy

 IN A bid to ensure quality scrap for the steel industry, the government on Friday came out with a Steel Scrap Recycling Policy that aims to reduce imports, conserve resources and save energy.The country’s steel scrap imports were valued at Rs 24,500 crore in 2017-18, while the deficit was to the tune of 7 MT.“The policy aims to promote circular economy in the steel sector”, besides promoting “a formal and scientific collection, dismantling and processing activities for ..

Rupee falls 31 paise to 71.28 vs USD

THE rupee on Friday plummeted by 31 paise to hit an over three-week low of 71.28 against the US dollar after Moody’s Investors Services cut India’s rating outlook to negative citing growth concerns. Moody’s has changed the outlook on the country’s ratings to ‘negative’ from ‘stable’, saying there was increasing risks that economic growth will remain materially lower than the past. At the interbank foreign exchange, the Indian currency opened lower ..

PVR makes foray into Sri Lanka

 FILM exhibition firm PVR on Friday announced its foray into the Sri Lankan market with the opening of its first theatre in collaboration with Shangri La Group. PVR Lanka at One Galle Face Mall is a nine-screen property with premium luxury format besides dedicated auditorium for young ones and family, the company said in a regulatory filing. “Entering Sri Lanka was part of our business strategy for FY19-20. The socio-cultural similarity between the two nations (India and Sri Lanka) makes ..

SBI steeply slashes deposit rates; lowers lending rates marginally

  COUNTRY’S largest lender State Bank of India on Friday reduced its marginal cost of fund based lending rate (MCLR) by 5 basis points across all tenors, effective November 10, and sharply slashed the deposits pricing between 15 and 75 basis points. This is the seventh consecutive cut in lending rates by the bank this fiscal. With this reduction, the one year MCLR, to which most of its loan prices are linked, will come down to 8 per cent, the bank said in a statement. The bank also ..

Indian Bank, Muthoot Microfin sign MoU

on Friday said it has signed a memorandum of understanding with Muthoot Microfinance to serve micro, small and medium enterprises. “Under the memorandum of understanding, the bank and the non-banking finance company will jointly lend to the MSME borrowers,” the bank said in a statement. Indian Bank General Manager-MSME Sudhakar Rao exchanged documents with Muthoot Microfin Deputy CFO Praveen T in the presence of the bank’s Managing Director and CEO Padmaja Chunduru recently. ..

Short supply lifts custard apple prices

ONE of the most liked fruits the custard apple (Sitafal) has arrived in the market. This year the prices of custard apple have shot up northwards compared to prices of the previous year due to short supply. “Lower production has resulted in prices rising compared to last years prices,” said Prakash Gaikwad wholesale agent at Mahatma Fule Market while speaking to The Hitavada. The arrivals of custard apple has arrived late by 15 days due to delayed rains this year. To make matters worse the excess ..

Jewellery is now more of a fashion statement: Rokde

HIGHLIGHTING the present scenario of jewellery business Rajesh Rokde, Director of Rokde Jewellers said, “Jewellery is now more of a fashion statement than an investment. There are a large number of working women and housewives in general who have two to three sets of Mangulsutras and necklaces to wear according to the occasion. Jewellery is now classified as daily wear, party wear, wedding wear etc.” He added that the jewellery industry is more design oriented and people are buying jewellery rather ..

All districts of the country need good medical colleges: Gadkari

Inaugurating the three-day conference ‘AMASICON 2019’ being organised here, Union Minister Nitin Gadkari on Thursday said that there is need to set up good medical colleges in all districts of the country that could match the facilities available in metro cities. Padmashree Dr Prakash Amte, Organising Secretary Dr Prashant Rahate, Organising Chairman Dr Dilip Gode; Patron & Founder President Dr C Palanivelu and others were ;present on the occasion...

CAIT levels charges of manipulation against Flipkart

In a communication sent to Union Commerce Minister Piyush Goyal on Thursday, the Confederation of All India Traders (CAIT) levelled serious charges of circumventing the law, causing huge GST and Income Tax revenue loss to the Government, gross manipulations for controlling inventory, bypassing the FDI policy of the Government and indulging into sinister game of valuation of the company instead of conducting business in an open and transparent manner...

Govt’s Rs 25,000 cr realty booster inadequate: ICRA

The Government’s Rs 25,000-crore fund to complete about 1,500 stalled affordable and mid-income housing projects is not adequate, credit rating agency ICRA said on Thursday. India Rating and Research said that with stalled projects coming on stream, the demand-supply imbalance is likely to worsen. If overall housing demand does not witness a recovery, pricing pressure in the sector is likely to be exacerbated, it added...

20 contractors allege injustice done to them, demand 100% payment of dues

Twenty contractors alleged that injustice had been done to them as they failed to get back their payments from a company that had gone for liquidation by the National Company Law Tribunal. (NCLT). Addressing a press conference held here on Tuesday, Sanjay Chopde of Balaji Associates, and 19 representatives of other contractors, said they a provision of only Rs 5 crore was made for operational creditors / contractors against their total outstanding dues of Rs 1,844.69 crore. The provision is just 0.26% ..

Despite slowdown, country comes second in affordable homes reach

Despite the tens of hundreds of stalled residential projects, the country ranks second in having the largest number of affordable homes, says a survey. According to a survey involving nearly 20,450 urban citizens, nearly 73 percent of those polled can afford to buy a new home in their town, says Ipsos India, which carried out the online survey between September 20 and October 4, across 29 countries...

GeM woking on framework to ensure timely payment to sellers

Public procurement portal Government e-Marketplace (GeM) is working on framework for ensuring payment to sellers within a guaranteed time frame, a senior official said. “We are working on a proposal wherein we will have a regime by which sellers would get payments in a specified time,” GeM Chief Executive Officer Talleen Kumar said. He said that currently, the time frame for payment is 10 days but it gets extended and causes problem to sellers. The platform is also looking at ways through which banks ..

VIA raises objections over proposed gross metering for solar system

Expressing resentment against the proposed draft report of MERC on solar net-metering, power consumers of the region on Wednesday said that the initiative will discourage consumers from adopting renewable source of energy. At the special meeting of the Energy Forum of Vidarbha Industries Association (VIA) held here, the consumers also said that the commission can not decide the matter through tariff petition as there is a separate regulation for net metering which shall be required to be amended. ..

‘Fascination for jewellery will always be there’

HIGHLIGHTING the importance of jewellery in Indian households, Sacheen Vastani, Director of Dass Jewellers, Impressa Rise, Shivaji Nagar said, “The fascination for jewellery will always be there as Indian women are crazy for gold jewellery. Today a jeweller has to maintain a unique and extensive range of ornaments to woo customers with diverse backgrounds”. While talking in an exclusive interview with The Hitavada, he said, with the passage of time customers have become more choosy and want jewellery ..

Nagpur Itwari Kirana Merchants’ Association celebrates Diwali Milan

THE Nagpur Itwari Kirana Merchants’ Association recently organised Dilawali Milan at Hardik Lawn here in the city. MLA Krishna Khopde and MLA Vikas Kumbhare; Ramdas Vajani, President of the body; Kailashchandra Agrawal, former President; Ramesh Mantri, Shankarlal Haryani, Govind Mantri, Purshottam Khandwani, Mayur Kumar Panchamatiya, Bharat Kumar Thakkar, Rajendra Baid, Ghanshyamdas Chabariya, Chandumal Aamesar, Pradeep Kumar Panjwani, Harish Krishnani and Bhawarlal Jain all former presidents. Santosh ..

Steel consumption in India set for quantum jump: Pradhan

Steel consumption in India is set for a quantum jump and investors should come forward and become a partner in the country's growth story, Union Minister Dharmendra Pradhan said on Wednesday. The minister noted that the steel sector is becoming more vibrant, efficient, environment-friendly and globally competitive supported by various policies of the government and the entrepreneurial spirit of the industry. He was addressing an event organised by International Chromium Development Association (ICDA) ..

Fitch raises India’s FY20 fiscal deficit forecast to 3.6%

Fitch Solutions on Wednesday raised India's fiscal deficit forecast to 3.6 per cent of the GDP for this fiscal year, from 3.4 per cent previously, due to weak revenue collections resulting from sluggish economic growth and government's sweeping corporate tax rate cut. Fitch said it was revising the fiscal deficit forecast as revenue collection is likely to fall far short of the projections in the FY2019/20 Union Budget due to weak goods and services tax (GST) and corporate income tax collections. ..

Maha Metro’s ‘Vendor Development Programme’ with MIA, COSIA on 11th

Maharashtra Metro Rail Corporation Limited or Maha Metro Nagpur has earned its name for fulfilling their target of starting Phase-I of Nagpur Metro Rail project as per the schedule. The Phase-II of Metro Rail project, which will be extended from Butibori to Kanhan on North-South and Asoli, Hingna and Dattawadi on East-West corridor, is in the pipeline. The DPR of Phase-II has been sanctioned by State Government and is awaiting clearance from Central Government. Thus the total stretch of Metro project ..

Delays set to halve revenue growth of road developers, says a report

Road developers are looking at a massive plunge in their revenue growth to the tune of 50 percent during the current and next fiscals mainly due to the delays in awarding new projects, says a report. The report by Crisil also notes that the delay in issuing the 'appointed date'--the starting date of the project-by the NHAI will also impact revenue growth which is likely to halve in fiscals 2020 and 2021 to 15 percent, compared to 30 percent in FY2019...

YCCE to conduct seminar on Nov 8 and 9

DEPARTMENT of Civil Engineering YCCE will be organising two-day seminar on ‘Construction Materials and Technology: An Approach towards Sustainability’ on November 8 and 9. This seminar will address the issues associated with sustainability through promotion of low embodied energy building material, new technologies and material as cement and sand substitutes and the use of fiber reinforced concrete which increases its structural integrity...

Presentation on ‘New Package Scheme of Incentives’ at VIA

THE Taxation and Corporate Law Forum of Vidarbha Industries Assocition (VIA) is organising a presentation and discussion on “New Package Scheme of Incentives (PSI) 2019” on November 8 from 4.30 pm at VIA Auditorium, Udyog Bhawan, Civil Lines, Nagpur. Ashok Dharmadhikari, Joint Director of Industries, Nagpur, shall be answering the queries related to eligibility and modalities for availing the incentives. Nitin Agrawal, Chartered Accountant, will make presentation on “Package Scheme of Incentives (PSI) ..

MASMA opposes MERC’s proposed tariff

The proposed policy recently released by the Maharashtra Electricity Regulatory Commission (MERC) for its tariff determination for renewable projects in the state for generation and sale of electricity appeared to be not going down well with the body of solar panel manufacturers. Maharashtra Solar Manufacturers Association (MASMA), the body of the manufacturers, on Tuesday raised serious objections over the draft saying that the new policy would discourage consumers from installing solar panels. “The ..

‘First time buyers should take advantage of PMAY’

ENCOURAGING first time home buyers to go out and buy their dream home, Gaurav Agarwala, Director of Sandeep Dwellers Pvt Ltd (SDPL) said, “The first time home buyers should shun the feeling of recession or psychologic recession as there is no such recession in any sector.” He was talking in an exclusive interview with The Hitavada. He said, “This is the best time for end user to buy his dream home, as the benefit of Pradhan Mantri Awas Yojana (PMAY) will expire on March 31, 2020.” Explaining the advanatage..

SAPS to hold Test Series for X, XII class students

Somalwar Academy of Professional Studies (SAPS) is a knowledge centre empowering students of all stages. Every year, SAPS organises Perfect Test Series for class X and XII Board exams, that has now gained reputation as a perfect key to assured success in Board exams. This program has so far helped many students to achieve great deal of success in Board exams and has delivered Nagpur Division board topper since last 5 consecutive years. It contains 2 rounds of mock tests on all subjects followed by ..

Ready possession flats, shops in Ganesh Constructions’s Akshay Heights scheme

GANESH Constructions one of the leading builder of city, offering ready possession flats in their flagship project in ‘Akshay Heights 1 and 2. It is a venture of Ganesh Construction which has to its credit many prestigious schemes to the city. Akshay Heights is having 2 and 3 BHK flats, shops and offices. The scheme is aesthetically designed to match requirement of every buyer, with all modern amenities...

Traders’ contribution significant in nation-building’

Addressing the members of the Nagpur Chamber of Commerce Limited (NCCL) here on Tuesday, Divisional Commissioner Dr Sanjiv Kumar said that the businessmen play a vital role in the country’s progress. He said that they pay taxes which help the Government run various welfare projects, build infrastructure projects and implement other schemes. “Your contribution is immense in nation building,” he said while speaking at the Diwali get together and NCCL award distribution function held at Press Club Civil ..

Athavale Classes to start Test Series from November 17

ATHAVALA Classes test series for class 10 State Board and class 12 State Board will start from November 24. The subjects covered for class 12 are Maths, Physics, Chemistry, Biology, Electronics, Computer Science, Fisheries, IT and English. All subjects of class 10 of State and CBSE Board will be covered. The first test series will be based on 65 per cent of the syllabus, while 2nd and 3rd test series will be based on full syllabus strictly on board pattern. Home solving facility is also available ..

VIA to hold session on draft report of MERC’

The Energy Forum of Vidarbha Industries Association (VIA) will be conducting a meeting to discuss on “Comments & Objections to be submitted by VIA on the draft report of MERC for changing Solar Net-Metering on Gross basis” and “KVAH billing and its impact on electricity bill starting from Control period April 2020-21” on November 6 from 6 pm at Vidarbha Industries Association Auditorium, Udyog Bhawan, Civil Lines, Nagpur. R B Goenak, Director of MSEB Holding Company Limited and Vice President of VIA, ..

Domestic gold demand falls 32 pc in Q3 on high prices, economic slowdown: WGC

INDIA’S gold demand slumped 32 per cent to 123.9 tonnes in the September quarter as higher prices and economic slowdown reduced the appetite for the yellow metal, according to a report. The country, which is the second largest consumer of the yellow metal after China, recorded a 66 per cent fall in gold imports to 80.5 tonnes during Q3 of 2019 against the year-ago period. The decline in import was more steep as jewellers met their demand with old imported stock and recycling, the World Gold Council ..

India to see M&A deals worth $52 bn in 2019

INDIA is expected to see M&A deals of over USD 52 billion in 2019 as mergers and acquisitions in the country are expected to remain stable despite global headwinds, according to a new report by Baker McKenzie. “Despite the global headwinds, India M&A is expected to remain stable in the next few years, with private investments reviving against the backdrop of a more favourable business environment,” it said. The firm’s fifth annual Global Transactions Forecast, jointly released with Oxford Economics, ..