Business – Page 699 – THE ECONOMIC INDIA

01 Jun

Union minister Darshana Jardosh launches special drive at MANTRA to resolve pending TUF claims

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The two-day drive had been organised at MANTRA, and textile commissionerate officials approved eligible claims on the spot. Surat (Gujarat) [India], June 1: Union minister of state for textiles Darshanaben Jardosh launched a special drive to resolve pending subsidy claims under the Technology Upgradation Fund Scheme (TUFS) in Surat on Monday. The two-day special drive was organised at Manmade Textiles Research Association (MANTRA). Officials from the Textile Commissionerate looked into the pending subsidy claims of textile units and approved the eligible claims on the spot. “The special drive aims to resolve the pending subsidy claims made under the TUF scheme.…

01 Jun

1 Finance appoints Sanjay Ghosh as Principal Consultant – Process Excellence; to transform the customer experience digitally

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Mumbai (Maharashtra) [India], June 1: Mumbai-based 1 Finance, a reimagined consumer financial institution, announces the appointment of Sanjay Ghosh as its Principal Consultant – Process Excellence, who will be responsible for digitally enhancing customer experience. Sanjay Ghosh carries a vast experience of 28 years with diverse roles, distinguished by a commendable performance in financial services, education & training, and retail franchising in India and abroad. At 1 Finance, he is in charge of building, reviewing, and reframing sustainable processes for customer-centricity. The experience he has gained in handling customers in the financial services industry has enabled him to empathise with…

01 Jun

RSPL Group enters into the bakery segment with the launch of Baker By Chance

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Gurugram (Haryana) [India], June 1: RSPL group, one of the known FMCG conglomerates, has launched a new brand Baker By Chance. The brand strives to provide bakery products to cater to the need of the evolving consumers. The USP of Baker By Chance is that it delivers Bakery products made out of fresh and quality ingredients. Firmly abiding by the philosophy of “Baking Quality with Passion”, the bakery offers a luxurious taste to satiate the carvings with their delectable goodness. Baker By Chance’s core values revolve around consumer centricity and Integrity to deliver nothing less than the best to the valued consumers.…

01 Jun

India Circular Economy Forum, a futuristic approach to build and scale up a circular economy

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New Delhi [India], June 1: India Circular Economy Forum #ICEF2022 by the International Council for the Circular Economy to be held from 2nd-3rd June 2022 at India Habitat Center, New Delhi. The Opening ceremony will be attended by Shri Piyush Goyal Ji, Minister of Textiles, around 9:15- 9:30 am, and Shri Amitabh Kant, CEO Niti Ayog & Kari Herlevi Project Director Circular Economy at SITRA will be the Guest of HONOR. The 2nd day of the event will be graced through an award ceremony by Mr. Jyotiraditya Madhavrao Scindia, Minister of Civil Aviation and Meenakshi Lekhi, Minister of State for External…

01 Jun

An Appealing Poetry Collection Released and Winning Hearts Everywhere

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Hyderabad (Telangana) [India], June 1: An interesting set of verses catches people’s attention at the first read. This May, StoryMirror’s prestigious platform has introduced an interesting composition of poems entitled ‘Pearls Of The Morning Dew’. The anthology of verses carved by renowned author Shri K.E.Sunder has become the center of attraction for all poetry lovers. Poems create a sensational effect in the readers’ minds as they go through the rhetorical and intellectual manifestation of the verse they peruse. Various ways, theories, and tales explain each earthly existence beautifully, but ‘Pearls Of The Morning Dew’ is an interesting anthology with such…

31 May

SVP Global Textiles Ltd reported Annual Results; net Revenue of Rs 1778.37 Crs up by 25% and PAT of Rs 71 Crs up by 187% Y-o-Y

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Mumbai (Maharashtra) [India], May 31: The Textile Industry is undergoing continuous stress due to rising cotton prices during FY 22. The pressure is likely to continue till the arrival of the new crop in Sep 22. The spinning mills have taken a major hit. In spite of the prevailing situation, SVP Global Textiles Ltd has reported financial results in FY21-22 with a net profit of Rs 71.28 crore (Net Profit Margin 4.00%) for FY22 as against a net profit of Rs. 24.85 crore (Net Profit Margin 1.75%) in the corresponding period last year, a growth of 186.84%. Income from operations…

31 May

Business Mint is proud to announce the Nationwide Design & Architecture Awards – 2022

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New Delhi [India], May 31: Despite an ever-increasing competitive market, the Nationwide Design & Architecture Awards – 2022 was established to honour and acknowledge the remarkable efforts and accomplishments achieved by the pioneers of the design and architectural arena. The Nationwide Design & Architecture Awards have aided the worldwide interior design and architecture business by bringing together an exclusive group of firms and are consistently referred to as “the pinnacle of acknowledgement within the industry.” Interior designers, architects, design studios, interior and architecture businesses, design organizations, and e-commerce portals will be honoured at the Nationwide Design & Architecture Awards. To…

31 May

Vikas Lifecare to launch a Rs 200 crore QIP, company to raise Rs 50 cr in 1st tranche

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New Delhi [India], May 31: Vikas Lifecare Limited, formerly known as Vikas Multicorp Limited, will raise Rs 200 crore (2,000 million) through qualified institutional placement (QIP). The company will raise funds in tranches. In the first tranche, the board has approved raising Rs 50 crore (Rs 500 million). The remaining Rs 150 crore (Rs 1,500 million) will be raised via subsequent tranches by the company. The company board has approved and fixed the floor price for the issue at Rs 4.20 per equity share, with a face value of Re 1 each. The price has been derived by the pricing…

30 May

India’s Largest Garment Technology Expo (GTE 2022) winds up with massive success

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More than 15500 visitors visited the exhibition More than 500 brands exhibited New Delhi [India], May 30: After getting a massive response in the last edition, Garment Technology Expo (GTE 2022) organised the 31st edition to display a rich mix of garment stitching and processing technologies from over 500 brands and companies. Today, the mega show windes up at the NSIC Exhibition Complex, Okhla, New Delhi. As India’s largest Garment Technology Expo attracted visitors from all around India and neighbouring countries, including Bangladesh, Sri Lanka, Nepal, and Myanmar, renowned brands like IIGM, HCA, Juki, Magnum, Mehala, Tukatech, E.H.Turel, ALT, Ramsons,…

30 May

Make smart investments in Startups with Bestvantage

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New Delhi [India], May 30: Trends suggest that startups are now more popular among investors than traditional investment options. They believe that investing in startups fuels factors such as innovation, economy, and workforce, which ultimately leads to the generation of wealth, unlike traditional options. Putting your savings in a Fixed deposit or in a bank account that hardly yields 3% interest and fails to cover even the inflation rate is not a wise choice! But if you are assuming that simply putting your money in a startup and expecting higher returns is all you have to do, then you are…