Bussiness

Most rated Indian companies can withstand weaker rupee: Moody’s

    Business BureauMost rated companies in India can withstand a weaker rupee, although external factors like rising interest rates in developed economies and higher energy prices would increase currency volatility, Moody's Investors S..

Platform to promote regenerative cotton farming practice launched

    Business BureauSolidaridad Asia, Centre for Responsible Business (CRB) and regenagri on Tuesday announced the launch of the Alliance of Cotton & Textile Stakeholders on Regenerative Agriculture (ACRE) to promote regenerative co..

Steel prices continue to fall despite export duty withdrawal

    Business BureauUnfavourable market conditions for steel at domestic as well as international markets are impacting prices of the commodity for the past few months. And despite the Government’s decision to withdraw export duty..

Come forward and work for prosperity of farmers: Gadkari

    Business BureauUnion Minister Nitin Gadkari on Monday urged the participants to come forward and work for the prosperity of the farmers. He said the country needs an atmosphere where no farmer should commit suicide. Gadkari was spe..

NSE cautions investors against schemes offering guaranteed returns

    Business BureauTHE National Stock Exchange (NSE) on Monday cautioned investors not to fall prey to investment plans that promise guaranteed returns.The country’s largest bourse warning comes against the backdrop of instances ..

‘Canada Admissions Day’ by KC Overseas Education

   Business BureauSEIZE the only opportune moment to get admits in renowned Canadian institutions by attending ‘Canada Admissions Day’, an exclusive event being organised by KC Overseas Education on November 29. It is the foreru..

‘Mother Dairy contributed in ensuring higher price of milk for farmers’

   Business BureauThe milk sold by farmers got higher prices due to the advent of Mother Dairy, said Union Minister Nitin Gadkari. He was speaking at a conference on ‘Vidarbha’s Dairy Development’ at the 13th Agrovision A..

Cumulative recovery rate under insolvency resolution falls to 30.18 per cent

   Business BureauThe cumulative recovery rate under the insolvency resolution processes of debt-ridden companies declined to 30.18 per cent at the end of the September quarter, indicating that lenders took more haircut on their exposure, s..

CII urges RBI to moderate pace of interest rates hikes

   Business BureauIndia Inc has begun to feel the adverse impact of RBI's interest rate hikes of 190 basis points in the current financial year, industry body CII said on Sunday, as it urged the central bank to consider moderating the pace ..

Majority of employers keen on engaging apprentice in H2 2022, says report

    Business BureauA SIGNIFICANT number of employers expressed interest to increase their apprentice intake during July to December period this year, according to a report.Across 55 per cent of Indian industries, employers have express..

Tanishq offers 100% exchange value on old gold bought from any jeweller

Tanishq, India’s most trusted jewellery brand, is bringing consumers the biggest ever offer which is sure to make the wedding season shopping experience much more exciting. Consumers can now avail discount of up to 20 per cent* on making charges of gold and on diamond jewellery value along with an irresistible offer of 0 per cent* deduction on exchange of old jewellery bought from any jeweller in India...

MSME, VIALEW hold awareness programme on ZED certification

MSME-DFO Nagpur Office in association with Lady Entrepreneurs Wing of Vidarbha Industries Association (VIALEW), Nagpur recently conducted one-day awareness programme on MSME-Sustainable ZED (Zero Defect Zero Effect) Certification at VIA Hall, Nagpur. P M Parlewar, IEDS, Director, MSME-DFO, Nagpur, presided over the function. At the outset, Poonam Lala, Chairperson of VIALEW, welcomed the dignitaries. Manish Khairkar, Consultant, gave the power point presentation. M V K Jha, Assistant Director, MSME-DFO, ..

Utilise water resources to fullest potential: Gadkari

Highlighting that there are considerable number of lakes, rivers, private ponds, dams and reservoirs in Vidarbha, Union Minister Nitin Gadkari on Saturday said that a policy should be decided to provide employment opportunities to the youth by using these resources to its full capacity. He was speaking at the ‘Agricultural Conference’ organised on the topic ‘Fisheries Business Opportunities in Vidarbha’ at the 13th Agrovision National Agricultural Exhibition. MP Dr Sunil Mendhe; Dr Ashish Paturkar, ..

Exciting offers at Bombaywala, W&G Family Store on winter wear

Nagpur’s most cherished fashion destinations - Bombaywala and W&G Family Store have rolled out a colourful range of winter wear collection for ladies, gents and kids. Not only this, an all new range of ethnic wear has also been floated at all its stores at Mahal, Sitabuldi and Shriram Tower, LIC Square in Nagpur. Bombaywala and W&G Family Store, the most trusted names in the city’s fashion scene, have brought in a wonder range of winter wear for the entire family. The jackets, sweaters and many other ..

Agrovision is ‘guide’ for agro sector: MP CM

   Business BureauThe Government of Madhya Pradesh has skipped conventional agriculture for the past several years and has adopted modern techniques of the agriculture under the guidance of Agrovision, taking agriculture to the next the lev..

CIL to boost production; aims to achieve FY23 output target

    Business BureauState-owned Coal India on Friday said it will further boost production in the coming months and is optimistic that the company will achieve the output target set for the current financial year.Coal India (CIL), which..

‘15-yr-old Govt vehicles to be scrapped’

    Business BureauUNION Minister Nitin Gadkari on Friday said all vehicles belonging to the Indian Government that have completed 15 years will be scrapped, and a policy to that effect has been sent to States.He was speaking at the in..

BSE comes out with new platform for gold buyers

    Business BureauBSE (formerly Bombay Stock Exchange) has recently come out with a new platform for purchasing gold. After receiving final approval from capital markets regulator Securities and Exchange Board of India (SEBI) for intr..

High power rates: 36 steel units closed, 10 migrated and 6 cut production

    Business BureauThe regions where the steel industry is considered major source of job opportunities, witnessed closer of as many as 36 steel manufacturing units from Vidarbha, Marathwada and D+ zone in last few years, migration 10 ..

‘Human creativity will always be superior to machine intelligence’

   Business BureauInstitute of Management Technology, Nagpur is organising an ATAL-FDP (Faculty Development Programme) on the theme ‘Machine Learning in Decision Making’. Sponsored by the AICTE, the programme is being conducted ..

Airtel deploys 5G Plus service at Nagpur Airport

    Business Bureau  Telecom operator Bharti Airtel on Wednesday announced the deployment of its ‘5G Plus’ service at Dr Babasaheb Ambedkar International Airport Nagpur, making it the second airport in the State with t..

International Numerology Day observed

    Business BureauThe Second edition of the International Numerology Day, which falls on November 18, annually, to create awareness about the benefits of this ancient predictive science, among the public, was celebrated. The Internat..

Authorities seal duplicate Plasto Pipes at Navnath Pipes in Aurangabad

    Business BureauR C PLASTO team on the orders of Court of Delhi along with the Local Commissioner (Delhi Court) and local authorities conducted a massive raid on Navnath Pipes in Mitra Nagar, Auranagabad, involved in selling lowpri..

Agrovision expo at PDKV Ground, Dabha from Nov 25

    Business BureauAgrovision Agricultural Exhibition, conceptualised by Union Minister Nitin Gadkari with the intention of educating the farmers of Vidarbha about the new technology in the agricultural sector and using it to increase ..

‘Over 80% Indians planning to celebrate holiday season, spend on travel, shopping’

    Business BureauOver 80 per cent Indians are planning to celebrate the holiday season with family and look to spend the most on travel and shopping, a survey said. According to the Amex Trendex, a trend report from American Express,..

‘Allow entry of app-based taxis inside railway station’

   Business BureauHighlighting the inconvenience faced by the passengers, the app-based taxi drivers on Monday conducted a signature campaign at the Nagpur railway station. The taxi drivers, who are not allowed to pick up the passengers fro..

NRHA celebrates ‘Diwali Milan’

   Business BureauThe Nagpur Residential Hotels Association (NRHA) celebrated ‘Diwali Milan’ programme at Hotel Orient Taibah in the city. A large number of members of the body participated in the event.Tejinder Singh Renu, Pres..

‘Most employees feel moonlighting is unethical’

   Business BureauWith moonlighting gaining traction in the country, most employees (81 per cent) interviewed said they do not wish to indulge in it and feel that it is unethical, according to a report.Less than one out of five employees (1..

MPTB to conduct ‘Jal Mahotsav’ from Nov 28

    Business BureauMadhya Pradesh Tourism Board (MPTB) is organising the 7th edition of ‘Jal Mahotsav’, one of the biggest events of the State, from November 28 at Hanuwantiya island in Khandwa district. Madhya Pradesh Chie..

Vid Pen & Stationers Assn celebrates ‘Diwali Sneha Milan’

   Business BureauThe Vidarbha Pen and Stationers Association recently celebrated ‘Diwali Sneha Milan’ with great fanfare at Hotel Dwarkamai in the city. Arjundas Ahuja, President of the association, presided over the event. Ash..

Vidarbha’s steel units struggling to survive

   Business BureauVidarbha’s steel producing companies that are employing more than 1 lakh persons are under severe stress on account of inflated power and coal charges. Most of steel manufacturers have stopped production while many o..

Government to publish frameworks to check fake reviews on e-commerce websites next week

   Business BureauThe Government will publish next week frameworks to counter fake reviews and unverified star ratings on e-commerce websites, hotel and travel booking platforms, according to Consumer Affairs Secretary Rohit Kumar Singh.Sin..

EPFO adds 16.82 lakh net subscribers in September

    Business BureauRetirement fund body EPFO added 16.82 lakh subscribers on a net basis in September 2022, the Labour Ministry said in a release on Sunday. Year-on-year comparison of payroll data reflects a 9.14 per cent increase in n..

BTA with KIMS, Kingsway Hospitals & SMHRC conducting Indo-UK Health Education Conclave

The British Association of Physicians of Indian Origin Training Academy (BTA) in association with KIMS-Kingsway Hospitals, Nagpur and Shalinitai Meghe Hospital & Research Center, Wanadongri (SMHRC) is conducting the first ever Indo-UK Health Education Conclave 2022 at Hotel Centre Point, Ramdaspeth. The event started on Saturday will continue on November 20. The first batch of medical doctors has been successfully trained at KIMS-KINGSWAY Hospitals, Nagpur and cleared for placement in the UK. This ..

Astute Academy Nagpur to hold seminar today

Astute Academy Nagpur will conduct a free seminar on ‘MBBS / MD / MS from USA with scholarships and other abroad MBBS options’ on November 20 at 11.30 a.m. The seminar will be held at Amrut Bhavan, Andhra Association, behind Blue Dart Courier, near University Library, Zansi Rani Square, Ramdas Peth, Nagpur, said Mukul Chimote, Executive Director of Astute Academy Nagpur. Topics like how to get USA MBBS/MD admission with fees lower than India and other related issues will be covered. For details, ..

ICAD opens NEET Division Centre at Khare Town

ICAD has recently launched its NEET Division Centre at Imperial Court, Near Children Traffic Park, Khare Town, Dharampeth, Nagpur for classrooms training. The center was inaugurated at the hands of Dr Shrikant Mukewar, Consultant Gastroenterologist and Director of Midas Hospital, Nagpur, along with Sarang Upganlawar Founder and Director of ICAD and family members. ICAD is giving improved facilities for every student to experience academic excellence and an unparalleled 18 years legacy in Vidhrabha ..

‘Q2 GDP growth estimated at between 6.1 & 6.3%’

   Business BureauINDIA’S economic growth is likely to be in the range of 6.1 to 6.3 per cent in the second quarter, helping the country achieve 7 per cent growth rate in the current fiscal, said an article published in the Reserve Ba..

Centre refutes any shortage of fertilisers in rabi season

    Business BureauTHE Centre on Friday said there is adequate availability of key fertilisers, including urea and DAP, across the country for the ongoing rabi season, rejecting reports of shortage in Tamil Nadu and Rajasthan.“Th..

AIFTP holds blood donation camp on Foundation Day

   Business BureauOn the eve of 46th Foundation Day Celebrations of All India Federation Of Tax Practitioners (AIFTP), an organisation of more than 11,000 tax professionals, a blood donation camp and session on ‘Search and Seizure un..

OCLF Art Competition for children on Nov 20

   Business BureauOne of the most anticipated events of the year ‘OCLF Art Competition’ under the aegis of Orange City Literature Festival - 2022 is being organised by SGRKF, Nagpur in association with The Hitavada Twinkle Club ..

‘Domestic jewellery industry to witness 12 pc growth’

   Business BureauTHE domestic jewellery industry, which recorded healthy sales during the festival period, is expected to witness 12 per cent growth during this financial year compared to the previous fiscal, according to a report. The dom..

Sahakar Bharati panel gains majority in MUCBF elections

   Business Bureau In the recently held elections of Maharashtra Urban Cooperative Banks Federation (MUCBF), the panel led by Sahakar Bharati won the majority of seats. The MUCBF board consists of 21 directors out of which 15 have been won ..

Ngp Zone GST collection at Rs 9,642.93 cr in 7 months of FY 2022-23

   Ravi ChandpurkarIt seems that the GST revenue collections are growing at a fast pace with all the sectors of the economy witnessing a strong growth in demand. This is being reflected in the GST revenue collections of this financial year...

HCG NCHRI Cancer Centre starts ‘Free Cancer Screening’ for transgenders

    Business BureauIn continuation of their endeavour to ensure world-class cancer care services and commitment towards cancer free society, HCG NCHRI Cancer Centre Nagpur has started a unique campaign for transgender and LGBT communit..

You are born to become great in this human life: Swami Jnanamurtyananda at RCOEM

    Business BureauSWAMI Jnanamurtyananda, Ramkrishna Math, Nagpur, in his inaugural address started with a shlok, adhering to all mentors, students and God at GYANODAYA 2022, the induction programme for first year newly admitted stude..

Grand new facility at Sequel Toyota, Kamptee Road

   Business BureauSequel Toyota’s just opened a showroom at Kamptee Road created a sensation in Maharashtra along with its newly established dealership with Toyota Kirloskar. The sprawling new touch point is an exclusive and independe..

Bank of Baroda reduces home loan interest rates to 8.25% for limited period

    Business BureauBank of Baroda (BoB), one of India’s leading public sector banks, recently announced that it is reducing its home loan interest rates by 25 basis points (bps) to 8.25% pa with effect from November 14, 2022 for ..

iNSPiRE launched its third store in city

    Business BureauCentral India’s largest Apple Premium Reseller - iNSPiRE has launched its third store in Nagpur on the West High Court Road, Shankar Nagar. Like all top-tier Apple stores worldwide, this store provides a smoot..

Exports decline sharply by 17 pc to USD 29.78 bn

   Business BureauIndia’s exports entered negative territory after a gap of about two years, declining sharply by 16.65 per cent to USD 29.78 billion in October, mainly due to global demand slowdown, even as trade deficit widened to U..

BMS to hold rally on Nov 17 to protest against privatisation

  ALL affiliates of Bharatiya Mazdoor Sangh (BMS) in central public sector enterprises will hold a massive rally in the national capital on Thursday to protest against privatisation and corporatisation of state-owned utilities and firms.“A..

FIITJEE Talent Reward Exam on Dec 25 in on-line & off-line mode

   Business BureauFIITJEE Talent Reward Exam (FTRE), the most awaited exam of the year has arrived with enormous academic benefits for all students studying in class V, VI, VII, VIII, IX, X and XI. it will be held on December 25. The exam w..

Local supplies improve, vegetable prices drop

    Business BureauThe agri produce of local farmers has started arriving in the city markets resulting in steep drop in prices in the range of 40-50 per cent in the wholesale market. “With good local supplies the vegetable price..

GoGas launches 425 kg LPG cylinders

   Business BureauIndia’s leading private sector LPG brand GoGas has launched 425 kg LPG cylinders in Indian market. With 425 kg LPG cylinders GoGas now will have increased market share in the highly growing energy market in India.The..

‘Exhibition of Audit Reports’ opens in Audit Bhavan

  Business BureauWith the inauguration of ‘Exhibition of Audit Reports’ on Monday in the office of AG (Audit)-II, Maharashtra, Audit Bhavan, Civil Lines, the ‘Audit Week’ celebration has started. The inauguration of the e..

Torana acquires land in MIHAN

   Business BureauEyeing bigger space for its Nagpur office, Torana Inc recently acquired 2.21 acres land in MIHAN SEZ. The deal was finalised with MADC six months back and recently the firm got provisional allotment letter.Torana Inc. is..

MIA celebrates ‘Diwali Milan’ with fanfare

     Business BureauMIDC Industries Association (MIA) celebrated its ‘Diwali Milan’ on Saturday at Maharaj Bag Lawn in the city. Deputy Chief Minister Devendra Fadnavis; MLA Sameer Meghe; Senior Advocate S K Mishra; Ch..

Expensive valuations, volatility in equity market hit NFO inflows in Sept quarter

    Business BureauASSET management companies mobilised Rs 17,805 crore through 67 new fund offerings (NFOs) in the September 2022 quarter, a 64 per cent decline from the year-ago period, on expensive valuations and high volatility in ..

‘Rising interest rates to mute bond issuance’

   Business BureauCORPORATE bond issuance is likely to remain muted witnessing 4-5 per cent growth this fiscal to touch Rs 41.42 lakh crore on rising coupon rates, despite the drawdown more than doubling in the second quarter, a report said..

SGR Knowledge Foundation to hold ‘OCLF-2022’ between Nov 18 and 20

Raisoni Group of Institutions in association with SGR Knowledge Foundation is coming up with the 4th edition of ‘Orange City Literature Festival’ (OCLF) 2022 which will be held November 18, 19 and 20.Dr Mrunal Naik, Project Head, SGRKF and Amit Gandhare, PRO, RGI, announced this in a press meet. Dr Mrunal Naik said, “the objective of this event is to spread the awareness and significance of literature and to provide a memorable experience to the people in the society and also to involve eminent personaliti..

MOIL posts 10% production & operating profit growth

The Board of Directors of MOIL approved the financial results for the quarter and half year ended on September 30, 2022. MOIL has registered an increase of 10 per cent in the production of manganese ore in H1 of the 2022-23 fiscal at 5.63 lakh MT as compared to same period last year. Despite challenges being faced by the steel industry currently, MOIL’s operating profit before tax has increased 11 per cent to 128.46 crore during H1 of 2022-23 fiscal. Likewise, the profit before tax and profit after ..

Cotton & Silk Fab expo to conclude on Nov 14

For experiencing the amazing products of cotton, silk handloom made by master craftsmen from all over the country displayed in 50 stalls representing different States, one has to visit the Cotton & Silk Feb exhibition cum sale opened here at Chitnavis Centre, 56 Temple Road, Civil Lines. The exhibition will remain open for the visitors till November 14 between 10.00 am and 9.30 pm. The participants are directly selling their products at the lowest costs directly to the customers and the customers ..

NHOA celebrates ‘Diwali Milan’ with great zeal

The Nagpur Hotel Owners Association (NHOA) recently celebrated ‘Diwali Milan’ here at Chitanavis Centre, Civil Lines with great zeal. Chairman of Haldiram’s Group Shivkishan Agrawal was chief guest on the occasion while National President of Confederation of All India Traders (CAIT) B C Bhartia was special guest. Apart from this, President of Chamber of Associations of Maharashtra Industry & Trade (CAMIT) Dipen Agrawal; President of Nag Vidarbha Chamber of Commerce Ashwin Mehadia; President of Nagpur ..

Swarmadhura to conduct musical programme today

The leading musical group of the city - Swarmadhura - is all set to present a musical show on few of great compositions of Madanmohan on November 13 at Scientific Hall, Laxminagar in the city. It will be held at 6.00 pm. The show has been conceptualised by Rajesh Duragkar. He along with Dr Vaishali Upadhye, Shruti Choudhary and Isha Ranade will be rendering the songs. The show will be anchored by renowned anchore Shweta Shelgaonkar. In addition to this, Mahendra Dhole, Raja Rathod, Arvind Upadhye, ..

Agrovision expo’s bhoomipujan held

   Business BureauThe bhoomipujan ceremony of the 13th Agrovision National Agricultural Exhibition, was performed on Friday at PDKV Ground, Dabha, Nagpur. The expo will be held between November 25 to 28. Dr C D Mayee, Chairman Advisory Comm..

City airport handles over 16 lakh passengers in 9 months

   Business BureauAs the Government lifted all the COVID-19 restrictions and the Indian economy started coming bounce back on the track, various sectors are witnessing increased activities. The aviation industry is no expection which began ..

Better tax collection to help meet FY23 fiscal deficit target of 6.4 pc: Report

   Business BureauThe Centre is likely to meet the key fiscal targets led by the deficit getting contained at the budgeted target of 6.4 per cent in the current financial year, mainly due to better tax collection, according to a report.Bank..

Incessant rains damage orange crop by 50 per cent

   Business BureauThe much awaited famous oranges of Nagpur have arrived in the Kalamna wholesale marketyard but excess rains have spoilt the crop to a large extent. It appears that the incessant rains have affected not only the production ..

Inspire to open its Shankar Nagar Apple Store tomorrow

   Business Bureau IN ADDITION to its existing array of Apple stores and services centres in Indore, Bhopal, Bhillai, Aurangabad, and Raipur, Inspire is set to open its third Apple Premium Retail store in Nagpur opposite Shankar Nagar Garde..

Premium hotel inventory to rise 3.5-4 pc this fiscal, says report

   Business Bureau PREMIUM hotel inventory is likely to increase 3.5-4 per cent in the current fiscal with an addition of around 15,500 rooms amid recovery in demand, according to a report. In its report on Wednesday, rating agency Icra sai..

SEBI’s SCORE platform disposes of 2,899 complaints in October

   Business Bureau A TOTAL of 2,899 complaints received through the grievance redressal system SCORES against companies or market intermediaries have been disposed of in October, according to data released by Sebi on Wednesday.SCORES is a g..

‘Right system can boost business growth’

    Business BureauExpressing their views at the session organised here recently by the Vidarbha Management Association (VMA) Chartered Accountant Mahendra Kamath; Director of JDS Group of Companies Sahaj Patel; and Director of Tuli Gr..

MSEDCL levy electricity duty on manufacturers despite exemption

    Business BureauIn a gross violation of the Government orders, the power distribution company is levying electricity duty on the industrial category consumers for the past three to four months putting additional financial burden on ..

‘Hiring activity declines 6 pc in October’

    Business BureauHiring activity declined 6 per cent year-on-year in October as recruiters adopted a cautious approach in adding new workforce, a report said.Sequentially, the hiring activity has dropped by 5 per cent following the c..

Rate hikes unlikely to impact asset quality of home loan portfolios: Icra

    Business BureauThe ongoing rate hikes are unlikely to impact repayments by home loan borrowers despite an increase in the monthly instalments, a rating agency said on Tuesday.Mortgage lenders have limited headroom to extend the loa..

‘Agrovision’ expo from Nov 25 to 28 at Dabha

    Business BureauCentral India’s largest agricultural exhibition and the pioneer of agricultural transformation in Vidarbha, Agrovision is being organised at PDKV Ground, Dabha, Nagpur from November 25 to 28 between 11am to 7pm..

MFIs suffered up to 10 pc credit loss in FY21, FY22 due to pandemic

    Business BureauMicrolenders suffered credit losses of up to 10 per cent during the two years of the pandemic, but things are improving now with stressed asset levels halving, an industry body said on Monday.The lenders, which typic..

NVCC celebrates ‘Diwali Milan’

    Business BureauThe Nag Vidarbha Chamber of Commerce (NVCC) celebrated ‘Diwali Milan’ programme here in the city on Sunday with great fanfare. Chief guests of the function was Union Minister Nitin Gadkari while MLA Krush..

Cotton & Silk Fab exhibition begins at Chitnavis Centre

   Business BureauFor experiencing the amazing products of cotton, silk handloom made by master craftsmen from all over the country displayed in 50 stalls representing different States, one has to visit the Cotton & Silk Fab exhibition ..

Egg prices sizzle in wholesale market

WITH the drop in temperature and end of the festive season the consumption of eggs has increased resulting in higher prices. The egg prices after dropping to a low of Rs 4.30 per piece in the past 15 days is now being quoted at Rs 5.25 per piece in the wholesale market, a rise of 0.95 paisa. In retail, eggs are sold for Rs 6 per piece and in some localities at Rs 6.50 to Rs 7 per piece. “As the mercury dips the consumption of eggs multiplies thereby driving the prices northwards in the wholesale market,” ..

Motwani expresses concern over trains cancelled from Itwari Station

Expressing concern over the cancellation of various trains during the Diwali festive season and delay in timings of others trains starting from Itwari Railway Station, Pratap Motwani, ZRUCC Member and representative of NVCC, said the authorities immediate action should be taken in this regard. He was interacting with the railway authorities during the Zonal Railway Users..

WCL wins seven awards

On the occasion of 48th Foundation Day of Coal India Limited held recently, Western Coalfields Limited (WCL) was honoured with Corporate Award on Environment / Environment Management Award, Corporate Award on CSR, Corporate Award on highest percentage increase in net sales and Corporate Award on highest departmental capacity utilization (OC Projects) Class II...

Finance is fuel of any business: CA Lath

NAGPUR Branch of WIRC of ICAI recently organised a maiden study circle meet of Bank & Financial Services Industry Group on the topic ‘Understanding credit policies and norms of bank finance’. CA Gautam Lath, Regional Council Member from Mumbai was the chief guest and officials from Axis Bank, Nagpur Circle deliberated on various technical topics as well as schemes of the banks which are available for end users at the meeting. CA Gautam Lath said, “Finance is the fuel of any business and a study on ..

MIHAN-SEZ units bearing brunt of high power tariff

While attracting the investors in the much-hyped MIHAN-SEZ, the Government had promised to supply power at a very competitive rate of Rs 2.98 per unit. But in due course of time, the tall claim of the authorities fell flat and those who have set up units in the special economic zone are now shelling out a much higher price than what they actually deserve. As per the current power tariff, the existing units are paying about Rs 4.50 per unit. This is a not only affecting the exiting units in the MIHAN ..

Wholesale Cloth & Yarn Merchants Association celebrate Diwali milan

The Wholesale Cloth and Yarn Merchants Association, Nagpur, recently conducted a ‘Diwali Milan’ event here in the city with great fanfare. On the occasion, President of the association - Gopalprasad Bhatia honoured Damodarlal Toshniwal, Satyapal Gangwani and Surendrakumar Jain with ‘Vyapar Ranta’ awards. Vice President of the association Umakant Jaju and Secretary - Manak Bhutada; Treasurer - Piyush Shah; Joint Secretaries -Pratap Thawrani and Prakash Daga; and others worked hard to make the function ..

Tibetan Refugee Sweater Market pulls crowds

Like every year, this year too, the Tibetan Refugee Sweater Market has opened its doors for the Nagpurians from October 23. There are 75 stalls from all over the country showcasing huge range of winter wear garments for the whole family. There are various varieties of colourful sweaters, coats and jackets in all sizes. Apart from this, there are hoodies and leather jackets and jackets made of parachute material in the latest designs for the teens. There is heavy demand for sweaters, mufflers, gloves, ..

Usha Singh becomes MOIL’s 1st woman CMD

Usha Singh, Director-HR, MOIL Limited, has taken additional charge of MOIL CMD and has become the first woman to hold the top notch position in MOIL. Singh, who had earlier distinction of being the first functional woman Director on the board of MOIL, has now become the first woman to take charge of MOIL CMD post. She is an Engineering graduate and an MBA with more than 30 years of varied experience in SAIL, NMDC and MOIL. She has also been adjudged as one of the top 100 ‘Inspirational Women in Mining’ ..

17 members of NNSB elected unopposed

A team of seventeen members under the leadership of expert in the co-operative sector - Sanjay Bhende - was elected unopposed on the board of the Nagpur Nagarik Sahakari Bank Limited (NNSB). Ten sitting members of the executive body of the bank along with seven new were recently declared elected. Apart from Bhende, Ashok Ramswarup Agrawal, Ravindra Bokare, Hemant Chafle, Tusharkanti Dable, Anil Govindani, Supriya Puntambekar, Sanjay Thakar, Girish Vyas and Poonam Chandak were the sitting members ..

GHRCCST alumni reunion today

G H Raisoni College of Commerce Science & Technology (GHRCCST), Nagpur has organised alumni reunion ‘Plug-in’ on November 5 at Vivekanand Hall,Shradha House,345, Kingsway, Nagpur at 5 pm. The G H Raisoni Alumni Foundation & GHRCCST will be jointly organising this mega Alumni Reunion. For details, contact Abhishek Singh on Mob. 8956159628...

Toyota Kirloskar Motor’s new dealership ‘Sequel Toyota’ opens

    Business BureauToyota Kirloskar Motor on Thursday opened a new dealership in the city to ensure better customer reach and enhanced the sales and service network support in the region. This new unit, located on Kamptee Road, Wanjara..

In a two-decade first, currency in circulation declines in Diwali week

    Business BureauTHE currency in circulation (CIC) declined by Rs 7,600 crore in the Diwali week, making it the first such happening in two decades, a report said on Thursday. This was made possible courtesy of a greater reliance on ..

Kharif onion output estimated to be 13 pc lower: Report

    Business BureauDECLINE in acreage and lack of improvement in crop yields is likely to result in 13 per cent fall in onion output for the kharif season 2022-23 to 9.5 million tonnes compared to last year, according to a report.In 20..

Onion, potato prices jump in wholesale market

   Business BureauThe supply of onions and potatoes have been affected because of the heavy rains damaging the crops during the past two months. This has resulted in lower supplies and increase in prices from the past 15 days. The onion pri..

‘SBI Mutual Fund’s IPO plan shelved for now’

    Business BureauSTATE Bank of India Chairman Dinesh Kumar Khara on Wednesday said the planned share sale of the bank’s mutual fund subsidiary has been shelved for the time being. SBI Mutual Fund, the country's largest asset ma..

COVID-19 altered the way couples plan their weddings, says survey

    Business BureauThe COVID-19 pandemic has altered the way couples plan their weddings with many of them now focusing on more personalised experiences, preferring quality over quantity and trimming guest lists, according to a survey ..

Wheat export doubles to USD 1.48 bn in Apr-Sept

   Business BureauTHE country’s wheat exports more than doubled to USD 1.48 billion during April-September 2022-23 as compared to the year-ago period, the Commerce Ministry said on Wednesday.The exports stood at USD 630 million in the..

More than 75 planes of Indian carriers grounded due to maintenance and engine issues: Report

   Business BureauAviation consultancy firm CAPA said on Tuesday said that more than 75 planes of Indian carriers are currently grounded due to maintenance and engine-related issues.These planes, which account for around 10-12 per cent of t..

Nelson Multi-Specialty Hospital achieves one more milestone

   Business BureauThe Nelson Multi-Specialty Hospital has achieved one more milestone. As part of the 5th edition of the Navabharat Healthcare Awards, Maharashtra Governor Bhagat Singh Koshiyari recently presented the ‘Best Emerging M..

Price of 19 kg commercial categoryLPG cylinder cut by Rs 115.50/unit

    Business BureauState-owned oil marketing companies (OMCs) on Tuesday cut the price of commercial category LPG cylinder by Rs 115.50 bringing it down from Rs 2015 to Rs 1899.50 per unit. The price cut in the 19 kg commercial categor..

Set up iron ore processing plants in Vid: Adv Ambedkar

   Chandrapur BureauAdv Prakash Ambedkar categorically termed Bharat Jodo Yatra as ‘Blind March’ as the country is already united and not divided, said Adv Ambedkar during a press conference at Chandrapur on Monday. Adv Ambedkar..

NCCL celebrates ‘Diwali Milan’ function with fanfare

    Business BureauThe Nagpur Chamber of Commerce Limited (NCCL) celebrated ‘Diwali Milan’ here in the city on Sunday with great fanfare. Chairman and Managing Director of Confidence Petroleum India Ltd Nitin Khara and Vice..