Bussiness

COSIA’s webinar on MSME stimulus package today

An exclusive State-level webinar addressing the MSME stimulus package recently declared is being organised by Chamber of Small Industry Associations (COSIA) on May 30 from 4 pm to 6 pm. Manoj Kare, DGM of Bank of Maharashtra will be the keynote speaker and leading chartered accountant CA Julfesh Shah, Nagpur will be the main speaker. Mayank Shukla Chairman of COSIA Vidarbha and Pranav Ambaselkar, Coordinator have appealed to join this informative webinar on Zoo..

TiE Nagpur’s webinar today

TiE Nagpur, Central India chapter will conduct the ‘Impact Speaker Series Webinar’ on the topic “Technological singularity is here” on May 30 from 11:00 am ro 12:00 noon. R Ramakrishnan, Founder- aXYKno Capital, Co-Resource and Quantuum and Harish Taori, Founder- Homzhub and Thinkuvate, Singapore will be the speakers. The session will be beneficial for manufacturers, entrepreneurs, startup owners and aspiring entrepreneurs. To receive the registration link, visit www.nagpur.tie.org or contact Nidhi ..

‘India should capitalise on anti-China sentiment’

COMPARED to many other advanced nations, India has effectively handled the COVID-19 situation. Now that the world has started questioning China’s credentials, India needs to strike while the iron is hot and optimize its innate advantages. A nation at our level of development needs to shift more resources from the services into the manufacturing sector...

IDP launches Study Abroad app for students

IDP Education, global education specialists has launched the IDP Study Abroad app to provide students with the opportunity to explore their international study options right from the comfort of their home. Piyush Kumar, Regional Director (South Asia) said, the app brings IDP’s 50 years of knowledge and experience in helping people connect to the best un..

‘Favourable solar power policy will boost State’s economy’

Expressing his views on the importance of renewable energy, Maharashtra Power Minister Dr Nitin Raut recently said that favourable policies for solar power in the State will boost Maharashtra’s economic growth as well as reduce the State’s carbon footprint. He also said that the natural source of energy must be availed by way of installing roof top panels so that dependence on polluting ways of generating electricity could be reduced. Dr Raut was spe..

‘Working capital of sugar mills needs to rise 10-14%’

The working capital requirements of sugar mills are likely to increase 10-14 per cent as crushing in Uttar Pradesh is rising due to diversion of cane, generally used by local gur and khandsari manufacturers, to the mills, according to a report. “We expect the working capital requirements of sugar mills to increase by 10-14 per cent given the demand squeeze in April-May, owing to the lockdown and also the increase in the sugar production in UP,” ICRA Ra..

Dairies procure milk at Rs 25/lit from farmers

Even as milk prices for consumers have not witnessed any change during the lockdown, its price for the dairy farmers has slipped dramatically over the period. The farmers who used to sell milk at a rate of Rs 32 per liter during early March, are now selling it at Rs 25 per liter to various co-operative societies and private dairies. However for the consumers continue to pay the same price of about Rs 44 per liter. One of the farmers, on a condition of anonymity, told The Hitavada that the current ..

‘Stimulus package will lead to recovery’

Around 71 per cent of Indians believe the Govt’s over Rs 20 lakh crore stimulus package will lead to economic recovery, a study said. The Centre earlier this month announced a mega relief package to mitigate the economic impact of the COVID-19 crisis...

VTA’s suggestion to MSME Minister Gadkari on GECL

Recently Government of India notified the Rs 3 lakh crore Guaranteed Emergency Credit Line (GECL) Scheme for MSMEs under the Atma Nirbhar Bharat Abhiyan to assist them surge over the economic distress being faced due to the COVID-19 pandemic. Vidarbha Taxpayers Association (VTA) whole-heartedly submits its gratitude to Government of India for supporting taxpayers by declaring such COVID Relief Package. Further, it is highly appreciated that this GECL scheme is also available to retailers and other ..

ICAI to open ‘Centre for Audit Quality’

The profession of accountancy and auditing throughout the world is regulated and licenses are granted by the regulator/sovereign to the auditors to ensure probity in financial statements. The Institute of Chartered Accountants of India (ICAI) is a statutory body set up in 1949 by an Act of Parliament to regulate the profession of Chartered Accountancy in India. In a recent major decision, the Institute has decided to open Centre for Audit Quality at ICAI’s Centre of Excellence, Jaipur which would ..

‘Knowledge updation via webinars can give edge to CAs’

Nagpur Branch of WIRC of ICAI successfully hosted webinar on ‘Excel Essentials.’ The lockdown phase, has put the things that were favourably moving in professional lives of chartered accountants (CAs), temporarily on pause mode. Hopefully, when the lockdown phase gets over at the earliest possible time, CAs will be facing challenges to revive the work flow as it was before, to ensure effective compliance of the provisions. CA Kirit N Kalyani, Chairman of Nagpur Branch said that in these testing times ..

37 pc Indian women have never bought gold: WGC

AROUND 37 per cent of Indian women have never bought gold jewellery but are interested in doing so in the future, a report said. The report, by the World Gold Council (WGC), added that most of these potential buyers are from the rural areas. “About 37 per cent of Indian women are potential buyers, representing a sizable new target audience for the gold jewellery industry...

‘Customers will delay discretionary spending’

The Entrepreneurship Forum of Vidarbha Industries Association (VIA) recently conducted a webinar on the topic - ‘The New Normal: An Insight into Post COVID-19 Consumer Behaviour and Industrial Activities in the APAC Region’. The event was held on ZOOM App. Amit Waikar, who is a Nagpurian but currently residing in Shanghai, China, and Pradhyumna Ingle, Regional Business Head - APAC, Henkel KGaA, were the speakers. Ingle is also based in Shanghai, China. At the outset, Suhas Budhhe, Vice President of ..

Swadeshi Jagran Manch launches Digital Signature Campaign

SWADESHI Jagran Manch launched Digital Signature Campaign to support ‘Atma Nirbhar Bharat Abhiyan’. The Campaign was recently launched by the Swadeshi Jagran Manch with great fanfare. It was launched in New Delhi with the help of 16 different associations...

AIOCD and NDCDA oppose sale of medicines through Aarogya Setu app

All Indian Origin Chemists and Distributors Ltd (AIOCD) and Nagpur District Chemists and Druggists Association (NDCDA) have opposed the on-line sale of medicines through Aarogya Setu App. The bodies of chemists alleged that the some of the e-pharma companies are making use of the app that was recently created by the Government to check spread of corona virus in the country. “Companies like 1 MG, PharmEasy, Netmeds, Medlife are making use of the app...

BMS unveils action plan to deal with labour-related issues

RSS-affiliated trade union Bharatiya Mazdoor Sangh (BMS) on Tuesday unveiled an action plan to deal with the current labour-related issues induced by the nationwide lockdown to contain the coronavirus pandemic. In a statement, the BMS said in a series of meetings chaired by its National President C K Saji Narayanan and General Secretary Virjesh Upadhyay, the body has prepared an action plan to deal with five major labour-related issues. ..

‘Indian gaming industry attracted $350 mn VC investments between 2014-2020’

India’s gaming industry has attracted about USD 350 million in investments from venture capital firms between 2014 and first few months of 2020, growing at a CAGR of 22 per cent, a report by Maple Capital Advisors said on Tuesday. The report titled ‘Gaming – India Story’ said the Indian gaming industry currently valued at USD 930 million and is expected to grow at 41 per cent annually. By 2024, the gaming industry in India is set to be valued at USD 3,750 million, it added...

Jewellery showrooms reopen after 2 months

After a gap of about two months, jewellery showrooms in the city reopened on Monday giving much relief to the buyers. The showrooms were closed due to the lockdown. Rajesh Rokde, Director of Rokde Jewellers, Secretary of Nagpur Sarafa Association, Director Gold and Jewellery Council and President of Maharashtra Saraf Swarnakar Mahasangh, Vidarbha Region, while talking to The Hitavada said, “The permission to start stand alone jewellery showrooms was given on May 21 and thus we reopened the shops on ..

Bank employees’ body distributes food grains

VIDARBHA Bank Employees Federation with the help of Bhartiya Mazdoor, Nagpur District Sangh distributed food grains and necessary items kit to all nationalise bank employees. Nitin Bowankar, General Secretary of the Federation, said that the federation will also help the employees who do not possess ration card. ..

Baidyanath donates Ayurveda immunity kits

In a bid to render a helping hand and give safety shield to front line Covid workers i.e police personnels on the field, Baidyanath Ayurvedic Bhawan recently donated immunity kits to the Sitabuldi Police Station. Dr Nitin Awasthi, Center Head and Senior Ayurveda Consultanat of Baidyanath Life Sciences, handed over the Ayurveda immunity kits to J N Rajput, In-charge of Sitabuldi Police Station. Dr Awasthi said that the police are working day and night in the corona containment zone, which also poses ..

Tea output to decline by 80 mn kg in 2020: FAITTA

India’s tea output may decline by 80 million kg in 2020, resulting in a loss of Rs 2,000 crore, due to the lockdown, according to an industry body. Tea prices at farm gates have increased by Rs 60-70 per kg as the nationwide lockdown to control COVID-19 outbreak has severely affected work at tea plantations, the Federation of All India Tea Traders Association (FAITTA) said in a statement. However, retail prices have not increased, it said...

‘Government thrust on infra boost to help transmission tower companies’

Even as the global economic slowdown and COVID crisis have severely hit the steel industry, players engaged in supply of transmission and distribution (T&D) equipment are expected to be more resilient mainly on the back of government orders, says India Ratings (Ind-Ra). According to the ratings agency, the prolonged nationwide lockdown would impact the revenue growth of transmission tower suppliers in the near term, however, the companies that supply T&D equipment are expected to be more resilient ..

Vegetable growers bleed as prices plunge below production cost

Even as a big chunk of India’s population including migrant workers, labourers and other daily wage earners is already bearing the brunt of the ongoing lockdown, reports of many others passing through similar phase are pouring in. Take, for instance, farmers of the region who are grappling with the falling prices of vegetables. To add to their woes, the vegetable prices are slashing in the peak summer when they are supposed to go northwards. In addition, the prices fell so sharply for the vegetable ..

‘Tier II and III cities emerge as preferred destinations for warehousing industry’

  Business Bureau :  RESTRICTED movement due to the nationwide lockdown has underscored the importance of in-city warehousing, with tier II and III locations emerging as preferred investment destinations, say industry experts. The warehousing sector, which was mainly concentrated in tier I cities - especially the major eight metros, had started shifting to tier II locations after certain policy initiatives, according to the experts. “Due to various reasons of urbanisation, warehousing ..

‘India’s crude steel output declines’

INDIA’S crude steel output declined over 65 per cent to 3.13 million tonnes (MT) during April, according to the World Steel Association. The Government imposed a nationwide lockdown on March 25 to prevent spread of the coronavirus pandemic which has impacted production, demand and supply of steel in India. The country had produced 9.02 million tonnes of crude steel during the same month a year ago, the World Steel Association (Worldsteel) said in a report...

VIA’s suggestions considered in new power tariff: Goenka

Interacting with the participants of the zoom meeting on power tariff and other related issues held on Friday, R B Goenka, Vice President VIA, said that the Maharashtra Electricity Regulatory Commission (MERC) has incorporated most of the associations’ suggestions in the new electricity tariff. He expressed satisfaction over the new tariff that came into effect from April 1, 2020. Goenka and Prashant Mohota, Chairman of VIA Energy Forum, were jointly conducting the webinar organised by the Vidarbha ..

FMCG sales drop 34 pc in April

The FMCG industry witnessed a sharp 34 per cent drop in sales in April due to mobility restrictions and supply side challenges during the lockdown, after registering single-digit growth in the first quarter, according to market insights firm Nielsen. The decline was mainly on account of lower sales in traditional retail channels such as grocers, chemists, neighbourhood shops and cosmetics stores, while modern trade like hypermarkets and big retail chains continued to grow in April 2020. Traditional ..

Air ticket bookings to resume from May 25

WITH easing of the restriction on movement of people due to pandemic lockdown the civil aviation sector is set to see brighter days as domestic airlines will be starting flight ticket bookings from May 25. According to representatives of Travel Agents Association of India (TAAI), Nagpur only two carriers Air India and Indigo will be operati..

Trade unions stage protests

Ten central trade unions on Friday held protests across the country to oppose suspension and tweaking of labour laws by states. Hunger strike, demonstrations and processions were observed by workers at several places to press for withdrawal of “draconian changes” in labour laws, a joint statement by the trade unions said. Several trade unions active at national and state level also joined the call of nationwide protest by central unions, it said...

MSMEs require more stimulus package: COSIA

Chairman Vidarbha Chapter, Chamber of Small Industry Associations (COSIA) Mayank Shukla has thanked Finance Minister Nirmala Sitharaman for extending the period of support from Goverment to EPF contributions by another three months. Goverment’s support to employee as well as employer’s contribution, for a total period of six months will not only ease out the employer’s liquidity problem but will more importantly enable the employees to carry a pay packet heavier by 12 per cent. But unfortunately, ..

KVIC to supply khadi face masks to European, Middle Eastern countries

The Khadi and Village Industries Commission (KVIC) on Thursday said it will explore the possibility of exporting cotton and silk face masks made using the indigenous fabric, after the Commerce Ministry lifted the ban on outbound shipment of non-medical and non-surgical masks. “KVIC plans to supply khadi face masks in countries like Dubai, USA, Mauritius and several European and Middle Eastern countries where Khadi’s popularity has significantly grown over the last few years,” according to an official ..

Online booking for ACs at A K Gandhi Electronics

A K Gandhi Electronics, the household name in consumer durables in Central India has started online booking for air conditioners with best rate. A complete range of world-class air conditioners are available. Companies like LG, Daikin Voltas, Panasonic, O General, Mitsubishi, Godrej, Bluestar, Samsung and over 80 models are available. There is special summer offer on Voltas AC wherein warranty of 10 years is given on compressor, in-built 5 year compressive warranty. Customer can now get an air conditioner ..

Raisoni Group of Institutions offers B Tech in AI and DS

G H Raisoni College of Engineering has started B. Tech. in Artificial Intelligence from last academic session 2019-20 and all other Raisoni Group of Institutions at Nagpur and Pune will be offering a B. Tech. in Artificial Intelligence and B.Tech. in Data Science from session 2020-21. For students to get a flavour of this upcoming fields, G H Raisoni University and Hitavada are offering a foundation course for the same free of cost to all the engineering aspirants which starts from May 25 and finishes ..

India may extend anti-dumping duty on carbon black

India may extend anti-dumping duty on imports of carbon black, used in rubber and tyre industry, from China and Russia as the domestic industry has approached the commerce ministry to investigate the matter. Following the complaint, the Directorate General of Trade Remedies has initiated the probe to examine whether the expiry of existing anti-dumping duty on 'carbon black used in rubber applications' is likely to lead to continuation or recurrence of dumping of the product from these two countries ..

BMS to stage demonstrations

A delegation of Bharatiya Mazdoor Sangh (BMS) led by Gajanan Gatlewar, Nagpur District Head, Suresh Choudhari, Media Chief Vidarbha Region, Ganesh Gulhane, District President, Harsha Thombre, District Organiser met Ravindra Thakare, Nagpur District Collector and handed over a letter addressed to the President of India. The letter was given to register BMS protest against the amendments in Labour Laws, Government’s aggressive support towards privatisation...

Wheel In Deal is No 1 dealer in Central India for Havells Motors

WHEEL In Deal is No 1 dealer in Central India for Havells Motors. It is one of the biggest names in city and situated at prime location at Yashwant Stadium having long and huge experience in industry for more than 35 years. It has association with Havells India Ltd from last 9 years and dealing with Havells make energy efficient motors ranging from 0.18 KW to 315 KW in IE2, IE3 and IE4 standard motors also having inverter duty, crane duty, brake duty, spline d..

Traders should follow safety norms: NVCC

NAG Vidarbha Chamber of Commerce (NVCC), apex body of traders having 13 lakh members in Vidarbha region, recently conducted a Zoom meeting of all presidents and secretaries of various traders body affiliated to it. Ashwin Mehadia, President of NVCC in his address informed the members about the discussions held during meeting with Tukaram Munde, NMC Commissioner. Mehadia said, “The Municipal Commissioner has warned that norms like wearing mask, social distancing are not being followed by traders and ..

Include traders under MSME sector: CAIT

The Confederation of All India Traders (CAIT) in a communication sent to Prime Minister Narendra Modi has sought his intervention for an economic package for financial and revival of trading community in the country. “We have to state with deep regret that one of the largest and most committed segment appears to have been omitted. We are 7 crore traders comprising its retailers, wholesalers and others,” said CAIT. CAIT National President B C B..

Growth this fiscal depends on intensity of COVID-19: Report

EXPRESSING ‘cautious optimism’ about the country’s economic prospects, a Finance Ministry report on Wednesday said, actual GDP growth in 2020-21 would be contingent upon the intensity, spread and duration of the COVID-19 pandemic. The report, prepared by the Economic Affairs Division of the Finance Ministry, took comfort from an IMF note which projected a growth rate of 1.9 per cent for the current fiscal. However, it added, ..

Govt making attempts to support MSMEs: Parlewar

The Agro and Rural Development Forum of Vidarbha Industries Association (VIA) recently conducted an e-session on “Central Government Cluster Scheme for Organic Farmers & Entrepreneurs”. Prashant M Parlewar, Director of MSME – DI, Nagpur, conducted the online session. On the occasion Parlewar emphasised that during the lockdown, the Ministry of MSMEs is planning to support the MSMEs for their revival as well as to protect the migrated labours...

Re-include auto dealers under MSME ambit: FADA

THE Federation of Automobile Dealers Associations (FADA) on Tuesday sought re-inclusion of automobile wholesale and retail trade, including workshops, under the ambit of MSME Act in order to help the sector come out of severe financial stress. Auto dealerships used to fall under MSME sector, but were excluded from the same after Government issued a notification in 2017. “The Government few days back announced a 3 lakh crore collateral-free automatic loans for MSME sector. There were also other benefits ..

VIA to conduct webinar on May 22

The VIA’s (Vidarbha Industries Association) Entrepreneurship Forum will conduct a webinar on ‘The New Normal : An Insight in to Post COVID-19 Consumer Behavior and Industrial Activities in APAC Region’. The event will be held on May 22 from 5.30 pm to 6.30 pm at ZOOM App. Amit Waikar, a Nagpurian currently residing in Shanghai, China; and Pradhyumna Ingle, Regional Business Head - APAC, Henkel KGaA; will guide the participants. Waikar..

‘Take at least 3-4 days to sanitize whole plant’

Vidarbha Industries Association (VIA) and Clean Air Asia jointly organised a webinar recently on ‘Industrial preparedness to maintain air quality amidst and post COVID - 19’ on zoom. Ruchi Tomar, Environment Researcher, from Clean Air Asia, welcomed all the dignitaries and participants on the occasion. She shared brief information about the Clean Air Asia an organisation also working with Ministry of Japan over issues related to Air Pollution Control across different sectors and this webinar is conceptuali..

AIBEA sets aside Rs 1 cr for migrant workers

All India Bank Employees Association (AIBEA) has set aside Rs 1 crore from its general fund to foot the train fare of migrant workers for their travel back to their places. AIBEA has written to Railway Minister offering to pay train fare for migrant workers upto Rs one crore. In the present lockdown situation, the worst affected due to the restrictions have been the migrant workers...

TiE Nagpur to conduct webinar today

TiE Nagpur, Central India Chapter will conduct webinar on ‘IP –For ventures and commercialisation of patents’ on May 19 from 4 pm to 5 pm. The mentor speakers of the session are Pankaj Borkar, Deputy Controller of Patents & Designs, Patent Office and RGNIIPM, Government of India and Prashant Godbole, Director of Godbole Gates Pvt. Ltd., and Past President of TiE Nagpur. The session will be moderated by Nitin Sachdeva, Managing Director of delaPlex Pvt. Ltd and President of TiE Nagpur...

Upgradation of industrial infrastructure to help attract investors: Experts

The Government’s announcement to upgrade industrial infrastructure and provide information on ranking of industrial parks will help the country attract both domestic and foreign potential investors, according to experts. Last week, Finance Minister Nirmala Sitharaman announced that a scheme will be implemented in states for industrial cluster upgradation of common infrastructure facilities and connectivity. She also said information related to land bank for promoting new investments would be available ..

Fuel demand shows signs of revival; sales rise in May

INDIA’S fuel consumption is recovering fast in May, with demand for diesel and petrol showing signs of revival after falling by a record pace in April due to the coronavirus-induced lockdown. Fuel sales surged during the first half of May as compared with the same period last month, as vehicular traffic returned to roads following easing of some lockdown restrictions. According to preliminary sales data of state-owned fuel retailers, diesel consumption soared 75 per cent to 1.93 million tonnes in ..

Sensex plunges 1,069 pts, banking, financial stocks hit

BENCHMARK Sensex crashed 1,069 points on Monday tracking massive selloffs in banking and auto stocks as Government’s fiscal stimulus package failed to revive confidence in domestic investors. The 30-share BSE index ended 1,068.75 points or 3.44 per cent lower at 30,028.98, while the broader NSE Nifty plunged 313.60 points or 3.43 per cent to 8,823.25...

Demand of face masks, sanitizers & hand gloves see quantum jump

COVID-19 might have put several business into backfoot but it has brought bright future for those who are selling face masks, sanitizers and hand gloves. All these items are witnessing a phenomenal jump in demand. “There has been a sharp growth in demand for face masks, sanitizers and hand gloves as more people are buying these products to protect themselves from COVID-19. In Nagpur, the market size for all the three products put together has ballooned to Rs 35 crore per month as compared to Rs 50 ..

Laghu Udyog Bharati Nagpur elects new body

LAGHU Udyog Bharati Nagpur Unit conducted a video conference to elect the new body members on May 13. In the meeting, it was decided to elect Ravleen Singh Khurana as the new President and Alok Pahune as the new Secretary. Similarly, Sunil Kabra, Hitesh Agrawal, Meera Joshi and Milind Nandedkar were elected as the new vice presidents. Also, Kaustubh Joglekar, Niranjan Shirpurkar and Lakhbir Sing Sohal were the newly elected joint secretaries...

Silver colloidal nanopartical a natural alternative to fight various viruses: Dr S Kumar

The use of silver colloidal nanopartical is an age old natural alternative to fight different types of viruses. According to Scientist and Researcher Dr S Kumar, Director of Appropriate Diet Thearpy Centre, silver is wonderful and one of the oldest elements known to destroy bacteria, viruses and fungus organisms in a person. He said that most antibiotics disinfect about a half dozen germs, while silver has been reported to disinfect hundreds. A properly prepared colloid of silver is a special liquid ..

Sales of under-construction flats dip 16 pc: Report

HOUSING sales declined by 11 per cent during the last fiscal to 3.22 lakh units across nine cities, but demand for ready-to- move-in flats increased by over 19 per cent, driven by nil GST and no risk of any delays, according to PropTiger. The sales of under-construction apartments dipped 16 per cent to 2,58,281 units in the the last fiscal as against 3,08,113 units in 2018-19. US-based News Corp-backed housing brokerage firm,..

Khaperkheda Thermal Power Plant mgmt praises workers amid COVID-19

Khaperkheda Thermal Power Plant has provided uninterrupted power supply for 50 days during the current lockdown imposed by the Government due to outbreak of COVID-19. As a special recognition for the good work during difficult circumstances the management of the thermal power plant welcomed the employees and contract workers by showering flowers ..

Govt committed for best possible support to MSMEs: Gadkari

The Indian MSME sector is the backbone of the national economic structure and has unremittingly acted as the bulwark for the Indian economy by providing it resilience to ward off global economic shocks and adversities. Although, it is passing through a very difficult phase due to pandemic, it will bounce back and will sustain the growth rate. Ministry of MSME is fully committed to provide whatever best possible support and concessions to them, said Nitin Gadkari, Union Minister of Transport & MSME ..

WCL sets examples of growth with out of box thinking

‘Truly a joy working in a company like this which provides personal care to its employees’ tweets Jitesh, working as Mechanical Fitter in Underground Mine of Madhya Pradesh. ‘Motivated to perform with exuberance’ posts Sudhanshu, Mine Manager of Gokul Opencast Mines of Maharashtra. These and many more on social media are feelings coming straight from the heart. This is all about caring and motivating your human capital. This is Western Coalfields Ltd (WCL) called as ‘Team WCL’, ‘Humara Vekoli’ by ..

SRMJEEE 2020 from July 30 to August 4

The SRM Joint Entrance Examination Engineering SRMJEEE (B.Tech) 2020 will be held from July 30 to August 4, in 127 Indian cities and 5 abroad, in Dubai, Doha, Muscat, Bahrain and Kuwait. The eagerly awaited exam expected to enable an overwhelming 1.75 lakh candidates to participate and aspire to gain entry into India’s premium top number one multi-stream university. The test will be computer based of 2 hours and 30 minutes duration, with 125 MCQs and no negative marking. The questions will be drawn ..

Discount upto 50% at A K Gandhi Cooler Bazar

A K Gandhi Electronics has announced ‘End of Season Discount upto 50 per cent.’ Under the scheme, customer can buy air coolers of brands like Symphony, Kenstar, Bajaj, Mccoy, Kelvinator etc. Coolers are also available on finance from Bajaj Finance. Interested may contact at A K Gandhi, C/o Tata Car showroom, Great Nag Road, or call Swapnil on 9890601060, Vinod on 9028397956 and A K Gandhi C/o Nisan Car Showroom, UG-8,9 at Ganesh Heights, Ring Road...

Anjuman Falahul Muslemeen launches annual ‘Ramzan Zakat’

Anjuman Falahul Muslemeen, a prominent city non-profit, has launched its annual ‘Ramzan Zakat’ collection drive.The organisation has been in the forefront of organising relief work and providing food and essential commodities to people facing economic distress on account of the COVID-19 pandemic. It also has an ambulance services and installed water coolers at 15 centers. Those interested in supporting the organisation can call on 9975322683 or 8766574059...

MFI industry hopes repayments to start from June

THE micro-finance institutions (MFIs), which have been hit severely in the wake of the coronavirus-triggered lockdown, are expecting that the repayments of loans given to the borrowers will actually start from June, an official of the industry body said on Friday. Most employees of micro lenders have come back to their offices in green zones and have been able to establish contacts with their clients, either over phone or visiting them physically, Microfinance Institutions Network (MFIN) CEO Harsh ..

BS-VI compliant Datsun GO, GO+ debut in India

NISSAN Motor India on Thursday said it has launched the BS-VI compliant versions of Datsun GO and GO+ models in the country. The five-seater Datsun GO is available at a starting price of Rs 3.99 lakh for manual variant and Rs 6.25 lakh for CVT trim. On the other hand, the seven-seater Datsun GO+ is priced at Rs 4.2 lakh for manual variant and Rs 6.7 lakh for the CVT trim. “With the new Datsun GO and GO+, we have introduced high-quality products that not only have a strong value proposition but are ..

‘Change product based on threats and strengths’

VIA Lady Entrepreneurs Wing (LEW) organised a e-session on ‘Sense and making sense in ventures during and after COVID-19 lockdown’ by Dr Rashmi Bansal. The session was organised under the leadership of Reeta Lanjewar, President of VIA LEW. Bansal is a well- known certified trainer, NLP practitioner and coach. Dr Rashmi Bansal is having more than 17 years of experience with corporate organisations as a learning and development consultant a..

‘COVID-19 to eat up half of dine-in restaurants revenue’

THE COVID-19 pandemic is likely to cut 40-50 per cent revenue of the country’s organised dine-in restaurants this financial year, according to a report. Slow recovery should begin from June, Crisil Research said in a report. Given low demand and social distancing norms, restaurants will operate at 25-30 per cent of their monthly service levels in the first 45 days after lifting of the lockdown, it said. Besides, with restrictions on gathering..

Industries in Butibori, Hingna and Kalmeshwar should resume ops: Dr Raut

Dr Nitin Raut, Guardian Minister for Nagpur District has given directives to restart industrial units in Butibori, Hingna and Kalmeshwar. The industrial units were closed owing to the outbreak of the COVID-19. However, after remaining closed for almost one-and-half month, Government has given some relaxation to the industrial sector so that the production would not hamper and normalcy should be restored by taking proper precautions. Dr Raut took review meeting in Divisional Commissioner office to ..

Lockdown: Transporters demand revival package

Transporters’ body All India Motor Transport Congress (AIMTC) on Thursday reiterated its demand for a rescue package for the sector amid coronavirus-induced lockdown and said supply of essential items could be hit if their problems are not addressed on an urgent basis by the Government. AIMTC is the apex body of transporters representing about 96 lakh truckers and other entities. “We asked for deferment of Equated Monthly Installments (EMIs) with interest waiver, and extension of validity of statutory ..

Domestic aviation industry will need up to Rs 35,000 cr funding: Study

THE domestic aviation industry, which has been impacted by coronavirus pandemic and subsequent lockdown, will require an additional funding worth Rs 32,500 to 35,000 crore during FY21-23, according to rating agency Icra. It also said the industry-level debt is expected to increase to Rs 465 billion (around Rs 46,500 crore) over FY 2021-22...

Trade & industry hail Rs 20 lakh cr relief package

Trade and Industry while reacting to the economic relief package given by the Union Finance Minister Nirmala Sitharaman to the MSME sector stated that the FM not only assured to fill the market with liquidity of money but also announced strong stimulus to MSME sector. The Hitavada received reactions of trade and industry...

VIA to organise webinar tomorrow

Vidarbha Industries Association & Clean Air Asia (CAA) are jointly organising a webinar on ‘Industrial preparedness to maintain air quality amidst and post COVID-19’ on May 15, 2020 from 11.30 am to 12.30 pm on Zoom. The eminent speakers will be Hema Deshpande, SRO of Maharashtra Pollution Control Board, Dr Mukesh Sharma, Professor, ..

‘Electricity demand falls 24 pc in April’

WITH almost no economic activity taking place in first 20 days of April due to lockdown, and very little operations after that, power demand declined sharply by 24 per cent in the month, Crisil Research said. The 21-day lockdown to fight spread of coronavirus, which was supposed to end on April 14, was extended till May 3 and later till May 17...

Nitin Gadkari to address COSIA’s webinar today

An exclusive national level webinar addressing MSME challenges in view of COVID-19 and roadmap ahead is being organised by Chamber of Small Industry Associations (COSIA) on May 14 from 1.45 pm to 3 pm. Union Minister for Transport & MSME Nitin Gadkari will be the keynote speaker and P M Parlewar, Director of MSME-DI, Nagpur and D.Prasad Rao, Bra..

Sensex zooms 637 pts on Govt’s economy boost

EQUITY benchmark BSE Sensex zoomed 637 points on Wednesday, driven by gains in banking stocks ahead of Finance Minister Nirmala Sitharaman’s press conference to unveil provisions of the Rs 20 lakh crore stimulus package announced by the Government. Prime Minister Narendra Modi’s announcement of the massive economic stimulus to revive the coronavirus-hit economy boosted domestic investor sentiment, traders said...