Nag Vidarbha Chamber of Commerce (NVCC), the apex body of 13 lakh traders in Vidarbha, strongly opposed the growing businesses of Amazon and Flipkart in the country saying that the companies the companies are posing big threat to small traders here. The office-bearers and members of the chamber raised slogans against the companies here recently to mark their protest. ..

A delegation of Vidarbha Industries Association (VIA) met Union Finance Minister Nirmala Sitaraman recently and highlighted the difficulties being faced by the merchant exporters in getting ITC refund and by the directors of the strike off companies. Union Agriculture and Rural Development Minister Narendra Singh Tomar was also present on the occasion. ..

The birth anniversary of late Dattopant Thengadi, founder of Bharatiya Mazdoor Sangh (BMS) was celebrated with great enthusiasm by BMS, Vidarbha Unit. As a part of celebration, two days training programme was organised at Ahilya Smarak Mandir on January 11 and January 12. Candidates who are below the age of 40 years were given training so that they can became the member of the BMS. Dr Sudhakar Kulkarni, Convenor of Bharatiya Mazdoor Sangh, Western Unit inaugurated the training programme...

VAASTU Vision: Furniture, Interior and Lifestyle Expo one of central India’s most prestigious exhibitions will be starting at Deshpande Hall premises, opposite MLA Hostel, Civil Lines from January 17 to 20. If one is thinking of adding a personal touch of glamour to a corner of the home, this is the chance to find some super cool stuff from across the country all under one roof at Vaastu Vision Furniture Exhibition, India’s biggest furniture and interior show...

The RBI on Wednesday asked banks and other card-issuing companies to provide facility to customers to switch on and off their debit or credit cards, a move aimed at enhancing security for digital transactions. As over the years, the volume and value of transactions made through cards have increased manifold, the RBI also said that at the time of issue or re-issue, all cards (physical and virtual) should be enabled for use only at contact based points of usage (ATMs and Point of Sale (PoS) devices] ..

INDUSTRY chamber Assocham on Wednesday urged the Government to reduce GST rate by 25 per cent across the board for the next six months with a view to boost investment and demand. The industry body said that it is not the time to worry about widening fiscal deficit as in the current circumstances, deficit financing will not be in an issue. “The first radical suggestion is that GST rate should be cut across all slabs by 25 per cent for the next six months in order to kick start the economy...

THE Government is likely to take more measures to deal with the problem of financial sector, NITI Aayog Vice Chairman Rajiv Kumar said on Wednesday. Speaking at the book release of former Sebi Chairman U K Sinha, Kumar said this is a very different type of situation that the country facing. “Credit markets are jammed. It continues despite Government’s best efforts in the sense of assuring people. I believe some other steps are now in pipeline for further such adverse impact not to take place. “This ..

Traders body CAIT on Tuesday said it will urge Finance Minister Nirmala Sitharaman for an investigation into alleged avoidance of GST and income tax liability by both Amazon and Flipkart. “Amazon and Flipkart have caused huge GST and income tax revenue loss to the government and CAIT will soon meet the finance minister and urged her to institute a investigation into avoidance of GST and income tax liability on both Amazon and Flipkart,” CAIT said in a statement...

KHAPERKHEDA Thermal Power Station recently celebrated its 30th Foundation Day by organising various events like sports, cultural, entertainment and Anand Mela. The concluding programme was organised at Entertainment Hall -1, Khaperkheda. The chief guest on the occasion was Chandrakant Thopte, Director MAHAGENCO, also present were chief engineers Prakash Khandare, Dhairyadhar Khobragade, Rajkumar Taskar, Rajesh Patil, Dilip Dhakate, Deputy Chief Engineers Rajendra Raut, Sharad Bhagat, Sunil Sonpetkar ..

The Government may impose anti-dumping duty on a Chinese medicine used to treat different kind of bacterial infections with a view to guard domestic players from cheap imports. The commerce ministry’s investigation arm Directorate General of Trade Remedies (DGTR) has initiated a probe into an alleged dumping of Ciprofloxacin Hydrochloride from China following a complaint filed by Aarti Drugs Ltd...

Retail inflation, which accelerated to 7.35 per cent in December and could breach 8 per cent in January, may force the Reserve Bank of India to hold rates in the monetary policy review next month, according to a report. Consumer Price Index (CPI) in December rose to about five-and-half year high of 7.35 per cent from 5.54 per cent in November, mainly driven by high vegetable prices. It breached the upper end of the RBI’s comfort level of 4 per cent plus-minus two percentage points. “RBI did not cut ..

Indian Mine Managers’ Association (IMMA) honoured Western COalfields Limited (WCL) CMD Rajiv Ranjan Mishra with ‘IMMA Excellence Award-2020’ recently. Mishra was honoured in recognition of his visionary leadership to bring a paradigm shift in operations of the company.Mishra gave credit of the achievement to ‘Team WCL’, informs a press release...

THE stock market participants are anticipating an industry friendly Budget with Finance Minister announcing big bang reforms to boost India’s economic growth rate. The investors are expecting that the worst is over for the economy and have set their eyes on Q3 earning growth and Union Budget, said CA Kailash Jogani while talking to The Hitavada. He said that the investors can rest assured that the there are positive signs of GDP growth rate bottoming out at 5 per cent...

SHREE Baidyanath Ayurved Bhawan Pvt Ltd every year in the memory of its founder late Vaidya Pt. Ramnarayan Sharma along with Kavikulguru Kalidas Sanskrit University, Ramtek gives awards ‘Mahakavi Kalidas Sanskrit Varti National Awards’. The award is given to the personalities devoting their lives for promoting, developing and innovating new things in Sanskrit language...

THE Institute of Cost Accountants of India, Nagpur Chapter organised a programme to felicitate the successful students for the term January to June 2019 in foundation, intermediate and final examination of CMA. There were 58 students who cleared the CMA examination of the Institute of Cost Accountants. A grand felicitation ceremony was recently organised at 243/3, CMA Bhawan, Laxminagar, Nagpur Chapter premises for their excellent performance in the examination...

The Southern India Mills Association on Monday urged Union textile minister Smriti Irani to intervene in the Cotton Corporation of India trading policies and direct it to avoid holding cotton and sell it at market price on a regular basis to arrest price escalation. SIMA Chairman Ashwin Chandran said that as per market information, over 20 lakh bales of cotton have already been exported from the current crop and export might touch 60 lakh bales as against 50 lakh estimated by Cotton Advisory Board...

THE Best-seller Books Box sale is attracting huge crowd of book lovers. The knack of reading in Nagpur is fuelled by one of its kind book sale. The Best-seller Books Box, is under way at Maharana Pratap Hall at Shankar Nagar Square. The book sale will continue till January 19...

CENTRAL STAR, the sole Mercedes-Benz dealer of Vidharbha, on Saturday launched the New GLC-Most tech savvy ‘Made in India’ Luxury SUV equipped with the BS VI engine and Mercedes- Benz’s all new intuitive infotainment system – MBUX and luxury appointments, synonymous with ‘Three Pointed Star’ at its showroom in MIDC Hingna, Nagpur. Mercedes-Benz strives towards developing products centered around the customers aspirations, which ensure the best driving with an equally intuitive experience...

THE last day at Comp-Ex’ 2020 yet again saw techno savvy people thronging the expo venue all day long to check out the array of IT products and services on display before the curtain came down in Reshimbagh Ground on Sunday evening. VCMDWA has not only succeeded in organising the expo for all the last 28 years gone by, but the excitement, participants, size, products, events and initiatives only kept changing for the better year after year...

The Vidarbha Chapter of Chamber of Small Industry Associations (COSIA) recently conducted an interactive meeting of various industrial associations of Nagpur with Entrepreneurs Development Institute of India (EDII) Ahmedabad. The meeting was convened by Chairman Vidarbha Chapter of COSIA Mayank Shukla along with core committee member CA Julfesh Shah. While addressing the representatives of local associations, Kruti Thakkar, inchage Maharastra region of EDII, said that EDII is an organisation working ..

State-owned NTPC Ltd’s refusal to exempt small and medium enterprises from earnest money deposits for its solar power tenders has riled an association of solar energy industry which has now petitioned the Government seeking its intervention. The National Solar Energy Federation of India -- an umbrella organisation representing solar energy companies -- on January 7 wrote to Nitin Gadkari, minister for micro, small and medium enterprises, seeking his intervention in issuing a direction to NTPC to abide ..

SHUKLA Sir Classes, one of the well-known classes of the city, is all set to start crash course from January 16. Shukla Sir is known as a mentor and coach for JEE/NEET preparation. Under his efficient guidance, students can expect having their hidden potential activated and enjoy the best of their talents through the medium of the pure Sciences. The output shall be ensured through national testing agencies and coaching brands. Students may join now to get their ‘Zero to Hero’ journey...

The aluminium industry has urged the Government to reduce the basic customs duty on critical raw materials like aluminium fluoride, stating that high import duties are a huge disadvantage as they make Indian finished goods costlier and uncompetitive in the international markets. “To improve the cost structure of the Indian Aluminium industry and enhance competitiveness, it is requested to reduce the basic custom duty on the critical raw materials,” the Aluminium Association of India (AAI) said. In ..

The ongoing 28th edition of Comp-Ex’ at its new venue at Reshimbagh Ground is being flocked by techno savvy, enthusiastic and curious visitors. Saturday being a weekend, unprecedented footfall was experienced. Excitement to visit and explore the in-things in technology which touches daily lives of people by way of laptops, internet, mobile phones, security systems, communication and e-services applications is the crux of interest seen in the visitors...

Tanishq, one of India’s largest and most-loved jewellery brands, announced a wide range of discounts on their diamond jewellery across all collections. Customers can avail up to 20per cent off on various studded offerings from the brand. As the name suggests – the bigger, the better; the more you purchase, the higher is the discount offered. Tanishq diamonds are marked by a brilliance in craftsmanship and meet the highest standards of colour, clarity, carat, cut and class...

CALCUTTA Rolls has came up with exciting offer to mark its 18th anniversary wherein one can get 25 per cent off on parcel of its tasty non-veg cuisine’s. One can explore the magical tasty feast at Calcutta Rolls. The customers can enjoy the food along with comfortable interior ambience that makes it worth spending time in Calcutta Rolls on North Ambazari Road, Shankar Nagar,. It is maintaining good hygiene and offers quick services. The offer is valid only for January 13 and 14. Customers may visit ..

 EQUITY markets closed in the green for the second straight day on Friday as investors looked beyond geopolitical turbulence and wagered on a positive start to the earnings season.After rallying 323 points during the day, the 30-share BSE Sensex pared some gains to end 147.37 points, or 0.36 per cent, higher at 41,599.72.The broader Nifty scaled a fresh intra-day record of 12,311.20, before ending 40.90 points, or 0.33 per cent, up at 12,256.80.During the week, the Sensex advanced 135.11 points ..

THE Commerce and Industry Ministry on Friday said, it has launched a paperless licensing process through the Petroleum and Explosives Safety Organisation (PESO) for road tankers for transportation, with a view to promote ease of doing business. This is a significant move towards paperless and green India that will provide simpler mechanism, ease of doing business to petroleum road tanker owners, the ministry said in a statement.“The Department for Promotion of Industry and Internal Trade has ..

 YES Bank’s Independent Director Uttam Prakash Agarwal has resigned citing “serious concerns” on “deteriorating practices” and the state of affairs at the private sector lender. “I hereby tender my resignation from the office of the Independent Director of Yes Bank as also Chairman of Audit Committee and Member of all other Committees of the Board with immediate effect,” he said in his resignation letter addressed to Non-Executive Part Time Chairman Brahm ..

WITH rain Gods relenting, the 28th edition of Central India’s largest IT Event Comp-Ex’ 2020 was formally inaugurated at Reshimbagh Ground on Thursday . Vinay Dharmadhikari, President, Vidarbha Computer and Media Dealer’s Welfare Association (VCMDWA) inaugurated Comp-Ex’ 2020 in the presence of prominent office bearers of VCMDWA viz. Dinesh Naidu, Vice President, Lalit Gandhi, Secretary, Jayant Patel, Treasurer, Ranjit Umathe, Joint Secretary, Executive Members Sanjay Chaurasia, Rohit Jaiswal and ..

OVER the years Nagpur has developed into a major saree market in Central India. Satish Saree Stores is one of such name that has earned the trust of customers for quite some time now. Satish Saree introduces the wide range of black sarees for Sankranti as well as bridal wears, lehenga cholis, traditional silk sarees in pure Paithani, Dharmavaram, Sambalpuri, Maheshwari, Banarasi, gowns, designer suits, kurtis across the nation. Satish Saree has also introduced never-seen-before range to serve the ..

THE biosimilars global market is on the cusp of exceptional growth and presents attractive opportunities for select domestic pharmaceutical companies in the years to come, according to rating agency Icra. The biosimilars global market, which stood at USD 5.9 billion in the calendar year 2018, is expected to grow to USD 23.6 billion by 2023, backed by several biologicals losing patent protection globally, Icra Research said in a statement. Select Indian pharma companies with strong research and development ..

AMID a slowdown in economic activity, state-owned Sidbi on Thursday said credit supply growth to the commercial sector has slowed to a multi-year low of 8.1 per cent for the 12 months ended September 2019. The data, put together in association with credit information company TransUnion Cibil, comes at a time when economic growth is estimated to slow to a decadal low of 5 per cent for 2019-20 and overall credit growth has slipped to 7.1 per cent for 2019. The total outstanding credit of the commercial ..

The Agro & Rural Development Forum of Vidarbha Industries Association (VIA) will conduct a workshop on ‘Bioenzymes’ on January 11 from 2:00pm to 5:30pm at VIA Auditorium, Udyog Bhawan, Civil Lines, Nagpur. Srikanth Ranganayakulu G, an expert on the subject will be guiding the participants...

THE Nagpur Centre of The Indian Institute of Architects (AII) will be organising its 23rd edition from January 10, informed Ar Paramjit Ahuja, Chairman, IIA Nagpur while talking to media during a press conference on Wednesday. He added, the exposition will be inaugurated by Nitin Gadkari, Union Minister for Road Transport & Highways of India and Shipping Ministry of MSME on January 10, at 1 pm in the august presence of Ulhas Debadwar, Chief Engineer, PWD Region Nagpur and Ar Sunil Degwekar, National ..