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ઘરના હપ્તા ઘટવાની આશા: સરકાર ગૃહનિર્માણ ક્ષેત્રે વ્યાજદર ઘટાડવા સમીક્ષા કરશે

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મ્હાડાએ 18% વ્યાજ વસૂલવું એ ચિંતાનો વિષય છે, સરકાર તેને BMCની સમકક્ષ લાવવાની દરખાસ્ત મંગાવશે: ફડણવીસ   Posted by NILESH WAGHELA મુંબઈ: મહારાષ્ટ્રના નાયબ મુખ્ય પ્રધાન, દેવેન્દ્ર ફડણવીસે, એ વિકાસકર્તાઓ પાસેથી મ્હાડા દ્વારા વસૂલવામાં આવતા વ્યાજના વર્તમાન સ્તરને અવાસ્તવિક રીતે ઊંચું ગણાવ્યું અને તેને બીએમસીના વ્યાજની સમકક્ષ બનાવવા માટે તેને ઘટાડવાની  આવશ્યકતા વ્યક્ત કરી છે.  ફડણવીસે જણાવ્યું હતું કે મહારાષ્ટ્ર સરકાર ટૂંક સમયમાં આ બાબતની સમીક્ષા કરશે અને મ્હાડાને દરખાસ્ત સબમિટ કરવા કહેશે;  જેથી વર્તમાન ચક્રવૃદ્ધિ વ્યાજના 18%ના દરને BMC દ્વારા વસૂલવામાં આવતા દરના સ્તરે લાવવામાં આવશે.  NAREDCO મહારાષ્ટ્રના HOMETHON પ્રોપર્ટી એક્સ્પો 2023ના બીજા દિવસે બોલતા, ફડણવીસે રાજ્યના રિયલ એસ્ટેટ ઉદ્યોગ વતી NAREDCO મહારાષ્ટ્રના સર્વોચ્ચ રિયલ એસ્ટેટ સંસ્થાના પ્રમુખ સંદીપ રુનવાલે મ્હાડા દ્વારા devlopers પાસેથી 18% નું ઊંચું વ્યાજ વસૂલવા સંદર્ભે પૂછેલા સવાલનો જવાબ આપતા તેમણે ઉપરોક્ત કથા કર્યું હતું.  ફડણવીસે કહ્યું, "મ્હાડાએ 18% ચક્રવૃદ્ધિ વ્યાજ વસૂલ્યું તે ખરેખર ઊંચું છે અ...

Govt. focus is to make 'Housing For All' in new Housing Policy: SAVE

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Maharashtra Government's New Housing Policy to Boost 'Housing For All' and New Investments in the State's Real Estate Sector: Shri Atul Save, Housing Minister, Government of Maharashtra Single Window policy will pole vault real estate development: Save The Housing Minister Seeks Recommendations from the Developers for the New Housing Policy  Posted by NILESH WAGHELA Mumbai: The State Housing Minister Shri Atul Save today informed that the State Government has been planning to effect necessary requisites in the State's new Housing Policy to make 'Housing For All' a reality; so that every citizen of the State gets his own house either through MHADA or SRA developments or through other developments. He also stated that in order to boost affordable housing, the Government would also find ways to push new investments in the State's housing sector.  Shri Save was speaking at the inauguration of the second edition of the biggest Housing Expo 'Homethon 2023...

JSW Group establishes Museum of Solutions

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  JSW Group plans to disrupt the way Education is delivered in India JSW Group establishes Museum of Solutions in Mumbai The MuSo, as it is known, is located at Victoria House in the Kamala Mills compound at Lower Parel. MUMBAI: JSW Group has invested ₹210 crore in setting up Museum of Solutions, a one-of-its-kind initiative designed as an experiential children’s   museum   to champion the art of finding solutions. Depending on the response, the Group plans to open similar MuSo across the country. Based in  Mumbai ’s bustling commercial hub Lower Parel, it features seven floors of exhibitions, activities, engagements, and learning experiences for children from 3 years. The building spans 1 lakh square feet MuSo’s innovative approach to education through hands-on exploration and playful learning methods promises a fun and enriching experience for every child and their family. MuSo is offering 50 per cent subsidised tickets at $400 to 600 per student. Through partnersh...

HDFC Life Wins the Golden Peacock Award

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HDFC Life Wins the Golden Peacock Award for Excellence in Corporate Governance - 2023  Mumbai : HDFC Life, one of India’s leading life insurers, has won the prestigious Golden Peacock Award for Excellence in Corporate Governance for the year 2023. The Golden Peacock Awards Secretariat, Institute of Directors, India, adjudged the Awards under the Chairmanship of Hon’ble Justice M. N. Venkatachaliah, former Chief Justice of India and former Chairman, National Human Rights Commission of India and National Commission for Constitution of India Reforms. The award was presented at the Golden Peacock Awards Presentation Ceremony in London in the presence of business and industry leaders during the ‘IOD India’s 2023 Annual London Global Convention on Corporate Governance & Sustainability’, including the Global Business Meet at the House of Lords – UK Parliament in London. Out of 370 entries, 162 applications were shortlisted, after careful scrutiny, for final selection through a three-t...

Utkarsh Small Bank opens 877th branch

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ઉત્કર્ષ સ્મોલ ફાઈનાન્સ બેન્ક લિમિટેડે ભાયંદરમાં નવું બેન્કિંગ આઉટલેટ શરૂ કરીને તેની હાજરી વિસ્તારી   આ સાથે બેન્ક મહારાષ્ટ્રમાં 72 બેન્કિંગ આઉટલેટ અને દેશભરમાં 877 બેન્કિંગ આઉટલેટ ધરાવે છે મુંબઈ: ઉત્કર્ષ સ્મોલ ફાઈનાન્સ બેન્ક લિમિટેડ (યુએસએફબીએલ) દ્વારા આજે મહારાષ્ટ્ર રાજ્યના થાણે જિલ્લામાં ભાયંદર ખાતે તેનું નવું બેન્કિંગ આઉટલેટ શરૂ કર્યું હોવાની ઘોષણા કરવામાં આવી હતી. આ લોન્ચ સાથે બેન્કની મહારાષ્ટ્ર રાજ્યમાં શાખા 72 થઈ છે, જ્યારે 26 રાજ્ય અને કેન્દ્ર શાસિત પ્રદેશ સહિત દેશભરમાં 877 શાખા થઈ છે. ઉદઘાટન વખતે સંબોધન કરતાં ઉત્કર્ષ સ્મોલ ફાઈનાન્સ બેન્ક લિમિટેડનાં સ્વતંત્ર ડાયરેક્ટર શ્રીમતી કલ્પના પ્રકાશ પાંડેયે જણાવ્યું હતું કે, "બેન્ક તેની પહોંચ વધારી રહી છે અને શક્તિવાર તેની વૃદ્ધિ કરીને દેશભરમાં હાજરી ફેલાવી રહી છે તે જોઈને ખુશી થાય છે. હું બેન્કને તેના ભાવિ પ્રયાસો માટે ખૂબ ખૂબ શુભેચ્છા આપું છું.” આ વિસ્તરણ પર બોલતાં ઉત્કર્ષ સ્મોલ ફાઈનાન્સ બેન્ક લિમિટેડના એમડી અને સીઈઓ શ્રી ગોવિંદ સિંહે જણાવ્યું હતું કે, “મહારાષ્ટ્ર અમારે માટે મહત્ત્વપૂર્ણ રાજ્ય છે. આ બેન્કિંગ આઉટલેટનું ઉદઘાટન સ્...

OSH India 2023

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Synergising Expertise and Innovative Solutions for a Thriving Workplace Environment Paving the Way for a sustainable and resilient Occupational Health and Safety Market in India to Reach USD 17.86 Billion by 2030 Mumbai: The 11th edition of OSH India, India's premier occupational safety and health (OSH) expo and conference, organised by Informa Markets in India, commenced today at the Bombay Exhibition Centre in Mumbai. The three-day event, being held from November 23rd to 25th, 2023, offers a platform for global experts, industry players, and enthusiasts to converge, innovate, and address the challenges and opportunities in the industrial safety and health sector. As India's occupational safety and health (OSH) market anticipates growth, projected to reach USD 17.86 billion by 2030 with a Compound Annual Growth Rate (CAGR) of 11.1%, this event becomes a vital gathering for the industry.  The inaugural ceremony of OSH India 2023 saw the presence of distinguished guests, includi...

MoU signing: India and German partnership

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MOU signing: India and German partnership   Posted by NILESH WAGHELA Mumbai: Chennai Metropolitan Water Supply & Sewerage Board and German Water Partnership, signed MOU. This is an export initiative for climate protection supported by the Federal Ministry of Germany for Environment, Nature Conservation, Nuclear Safety & Consumer Protection (BMUV) ShowCaseIN aims to develop a conceptual design for the upgrade of an existing wastewater treatment plant under local conditions in India, which will then serve as a show case plant for adapted German wastewater technologies and will also be used for training purposes for capacity building. The project contributes to achieving the Sustainable Development Goals (SDGs) of the United Nations (UN). It addresses SDG 6, “Ensure availability and sustainable management of water and sanitation for all”, with a deeper focus on SDG 6.3, “Improvement of water quality, wastewater treatment and reuse”, SDG 9, “Build resilient infrastructure, prom...

India’s biggest rap battleground is back! With POCO ‘MTV Hustle 03

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India’s biggest rap battleground is back! POCO ‘MTV Hustle 03 REPRESENT’ gears up for a new blockbuster season! ~ Global rap artist Badshah , with Squad Bosses Ikka, Dee MC, Dino James, and EPR are set to bring the next generation of rap stars to the Indian audiences ~ ~ The third season of the rap reality television show will air, starting October 21, Saturday and Sunday at 7:00 pm on MTV and JioCinema ~ Posted by NILESH WAGHELA Mumbai:  India’s groundbreaking rap reality television show is back for a power-packed new season! Going full throttle, POCO MTV Hustle 03 REPRESENT, co-Powered by GOVO Soundbars, T-Series, Wildstone and Appy Fizz, is here to bring an electrifying wave of 3X the music, talent and entertainment! The sonic revolution is all set to bring unprecedented rap sounds from all corners of India, premiering on October 21, and thereafter every Saturday and Sunday at 7:00 pm on MTV and JioCinema. Representing the country’s youth, this season’s definitive clarion call, ...

TCS may announce another buyback

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TCS may announce another buyback: board meeting on Wednesday  POSTED BY NILESH WAGHELA Mumbai: Tata Consultancy Services (TCS) will consider buyback of equity shares. TCS board will meet on October 11, 2023 to consider the decision, the company said in a statement. The TCS board is set to deliberate on a share buyback proposal on the same day the IT major is slated to announce its Q2FY24 financial results. Ahead of the buyback announcement, TCS shares ended nearly 1 percent higher at Rs 3,621.25 on NSE. As of June 2023, TCS had a cash balance of Rs 15,622 crore, and the IT major is debt free. TCS launched its last share buyback in the year 2022 when the IT major bought back shares worth Rs 18,000 crore. The issue size comprised of 4 crore shares priced at Rs 4,500 apiece with face value of Re 1 per share. Earlier this year, two other major IT companies completed share buybacks. In February 2023, Infosys ended its buyback after purchasing 6.04 crore of its shares for Rs 9,300 crore....

ISS INDIA charts ambitious growth plans; aims to substantial manpower expansion

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आईएसएस द्वारा कर्मचारीयों के लिये  ’एज्युकेशन फॉर ऑल' के साथ 'स्किल डेव्हलपमेंट' प्रोग्राम   एनआईओएस, सिम्बायोसिस, इग्नू के साथ साझेदारी मुंबई . 5 (संवाददाता): वैश्विक स्तर पर 350,000 से अधिक कर्मचारियों वाली अग्रणी वैश्विक सुविधा प्रबंधन कंपनी (ग्लोबल फॅसिलिटी मॅनेजमेंट)आईएसएस ने भारत में बढ़ते आउटसोर्सिंग बाजार के रूप में अपनी वनआईएसएस रणनीति के माध्यम से भारत में अपने विस्तार और संचालन की घोषणा की है।  इसने एक महत्वपूर्ण नए शैक्षिक कार्यक्रम, सभी के लिए शिक्षा की भी घोषणा की। 42,000 से अधिक कर्मचारी औपचारिक शिक्षा प्रमाण पत्र और डिग्री प्राप्त करने और अपनी कैरियर यात्रा को सुचारू बनाने के लिए आधिकारिक सहायता, वित्तीय सहायता और शैक्षिक प्रायोजन से लाभान्वित होंगे। भारत में इस नई शिक्षा नीति के तहत, हाल ही में कार्यबल में प्रवेश करने वाले आईएसएस प्लेसमेकर्स को अपनी 10वीं और 12वीं बोर्ड और स्नातक की पढ़ाई पूरी करने में सक्षम बनाया जाएगा।  कार्यक्रम का एक अन्य महत्वपूर्ण हिस्सा मौजूदा साइट प्रबंधकों के लिए सुविधा प्रबंधन प्रमाणपत्र में डिप्लोमा है। कार्यक्रम को नेशनल ...

UNIQLO Unveils its Much-Awaited First Store in Mumbai

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UNIQLO Unveils its Much-Awaited First Store in Mumbai POSTED BY NILESH WAGHELA  Mumbai – Global apparel retailer UNIQLO is set to open its long-anticipated first store in Mumbai on October 6 at Phoenix Marketcity Kurla, Mumbai, with doors opening at 11.00am. The new store will offer customers in Mumbai a new shopping experience that showcases LifeWear – the company’s commitment to creating perfect clothing that meets the requirements of everyone’s daily lifestyle needs.  Commenting on the launch, Tomohiko Sei, Chief Executive Officer, UNIQLO India, said “We are thrilled to be opening our much-awaited first Mumbai store. From seeing a strong demand on our e-commerce channel to now launching brick-and-mortar stores in Mumbai, we are delighted to bring our LifeWear to Mumbaikars, and look forward to supporting their daily lives.” UNIQLO Phoenix Marketcity Kurla will be UNIQLO’s 11th brick-and-mortar store in India, and its first ever in Mumbai. To celebrate the opening, UNIQLO is...
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Taiwan Expo India 2023 kicks off in Mumbai    ·       Inauguration was by James C.F Huang, Chairman, Taiwan External Trade Development Council (TAITRA) along with Mr. Shri Devendra  Fadnavis, Deputy Chief Minister, Government       of Maharashtra ·       Taiwan Expo ’23 aims to be a platform that facilitates bilateral trade relations between two countries POSTED BY NILESH WAGHELA Mumbai: Organized by International Trade Administration (TITA), Ministry of Economic Affairs and Taiwan External Trade Development Council (TAITRA),  the 6th edition of the Taiwan Expo India 2023 encompassing exhibitions and networking events was inaugurated on Thursday October 5, 2023 at NESCO Exhibition Centre, Goregaon, Mumbai by James C.F Huang, Chairman, Taiwan External Trade Development Council (TAITRA) along with Mr. Shri Devendra Fadnavis, Deputy Chief Minister, Government of Maharashtra, at a glistering opening ceremony alo...

Sensex down 1,600 points in 3 days; Rs 5.4 lakh crore loss

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Sensex down 1,600 points in 3 days; Rs 5.4 lakh crore loss Headline equity index Sensex, which was on its longest winning streak since 2007 by rallying non-stop for 11 days last week, has now lost over 1,600 points in a span of just 3 days with Dalal Street investors being poorer by about Rs 5.4 lakh crore. Sensex lost 242 points on Monday, 796 points on Wednesday and over 570 points on Thursday, taking the total loss to 1,608 points this week. The market was shut on Tuesday to mark Ganesh Chaturthi festival.  "Domestic market declined following a hawkish stance by the Fed chair and prolonged high interest rate trajectory which is not positive for a slowing global economy. PSU Banks and Mid & Smallcaps were the worst hit due to stretched valuations and concern over moderation in yields. Rising oil prices and erratic rainfall further led investors to stay cautious in the market." said Vinod Nair, Head of Research at Geojit Financial Services. The Sensex, India's headli...

India issues advisory, warns nationals in Canada of 'hate crimes' as ties worsen

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India issues advisory, warns nationals in Canada of 'hate crimes' as ties worsen posted by NILESH WAGHELA Mumbai/New Delhi: Amidst the ongoing tensions with Canada, the Ministry of External Affairs has issued an advisory for Indians living in Canada. The Ministry of External Affairs said in the advisory that due to the increase in anti-India activities and politically motivated hate crimes and criminal violence in Canada, all Indians traveling there and present there are advised to exercise caution. “Recently, threats have particularly targeted Indian diplomats and sections of the Indian community who oppose the anti-India agenda”, further stated the advisory.  Therefore, Indian citizens should avoid going to places where violent incidents have taken place in Canada recently, or places where violence is possible.  The Ministry of External Affairs has mentioned that it will remain in touch with Canadian authorities to ensure the safety and well-being of the Indian community in ...

Odisha commited to become the 'Stainless Steel destination' for the world.

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Odisha commited to become the 'Stainless Steel destination' for the world Government Announces Ground Breaking Subsidy Scheme at Global Stainless-Steel Expo 2023 Posted by NILESH WAGHELA Mumbai:  The Odisha Government has unveiled an ambitious Special Subsidy Scheme to boost the stainless-steel Industry within the state. This momentous announcement was made during the inauguration of the Global Stainless-Steel Expo 2023 (GSSE 2023) in Mumbai, further solidifying Odisha's commitment to becoming the 'Stainless Steel destination' for the world. The GSSE 2023 event, was inaugurated today by esteemed dignitaries including Shri. Hemant Sharma, Principal Secretary, Industries, Government of Odisha; Mr. Abhyuday Jindal, Managing Director, Jindal Stainless Ltd.; Dr. Aruna Sharma, GSSE Steering Committee Member and Former Secretary, Ministry of Steel; and Ms. Anitha Raghunath, Director, Virgo Communications and Exhibitions. In his inaugural address, Managing Director, Jindal ...

Signature Global fixes IPO price band at Rs 366-385/share

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  Signature Global fixes IPO price band at Rs 366-385/share Posted by: NILESH WAGHELA MUMBAI: The Rs 730 crore initial public offering (IPO) of realty player Signature Global will open on September 20 and close for subscription on September 22.  The company has set the price band of Rs 366-385 per share. Signature Global is the largest real estate development company in the national capital region of Delhi in affordable and lower mid-segment housing in terms of units supplied between 2020 and the three months ended March 31, 2023, with a market share of 19%.  The IPO comprises a fresh equity issue of Rs 603 crore and an offer for sale (OFS) segment of Rs 127 crore by selling shareholder International Finance Corp.

Zaggle Prepaid Ocean Services IPO to open for subscription on September 14.

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Zaggle Prepaid Ocean Services IPO to open for subscription on September 14th  Price band : RS.156- 164 per equity share posted by: NILESH WAGHELA  Mumbai: Zaggle Prepaid Ocean Services Ltd is all set to open for subscription on Thursday. The three-day long initial public offering (IPO) will conclude on September 18. The bidding for anchor investors will open on September 13. It will open for retail investors on September 14, said the red herring prospectus (RHP) filed on Friday. The fintech player has revised the size of its fresh issue to ₹392 crore from ₹490 crore after performing a pre-IPO placement in two tranches in August and raising ₹98 crore from investors. Now, the size of the fresh issue is reduced to ₹392 crore. The company's offer for sale (OFS) component was reduced from 1.05 crore equity shares to 1.04 crore shares after one of its selling shareholders exited the issue, according to the RHP. The OFS of Zaggle consists of up to 1.04 crore equity shares held by pro...

Stock market: Nifty may cross 20,000 mark this week

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Stock market: Nifty may cross 20,000 mark thi week Price band : RS.156- 164 per equity share posted by; NILESH WAGHELA Mumbai: Macroeconomic dats like India, US inflation, crude prices, trading activities of FII and other global factors will determine D-St dynamics next week Indian equity market logged its best week in the last two months, with the Nifty 50 and the Sensex rising 1.98 percent and 2.64 percent at the close on September 8. The Nifty 50 managed to close beyond the crucial 19,800 mark at 19,819.95, while Sensex closed at 66,598.91. Going ahead, as August inflation numbers trickle in, it is important to monitor if the market momentum can sustain. Among sectoral indices, metal, realty and media led gains in the week gone by. Broader markets also continued their rally, with the Nifty Midcap 100 index gaining more than the Nifty even as the advance decline ratio stayed high at 1.15:1. The Nifty Midcap and Smallcap indices have now posted substantial gains for the third consecut...

RR Kabel sets IPO price band at Rs 983-1,035 per share

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RR Kabel sets IPO price band at Rs 983-1,035 per share Posted by: NILESH WAGHELA Mumbai: RR Kabel IPO |The initial public offering will open for subscription on September 13 and the closing date will be September 15.   RR Kabel sets IPO price band at Rs 983-1,035 per share Global private equity firm TPG-backed RR Kabel has set the price band at Rs 983-1,035 per share for its maiden public issue, as per the advertisement published by the company in newspapers. The fund raising via IPO would be Rs 1,964 crore at the upper price band. The IPO comprises fresh issue of equity shares worth Rs 180 crore and an offer for sale (OFS) of 1,72,36,808 equity shares worth Rs 1,784 crore, at the upper price band, by the promoters and investors. TPG Asia VII SF Pte Ltd will be the largest seller among selling shareholders, offloading 1.29 crore equity shares via OFS, while public shareholder Ram Ratna Wires will be selling its entire shareholding of 13.64 lakh shares in the IPO. Promoters Mahendra...