Royal Estate Group launches affordable housing scheme

After the huge success of first affordable housing township, Royale Estate Group has launched a dedicated scheme for residential and commercial properties in Phase 2. The scheme will remain open till January 21. The draw will be held on January 26. The scheme, dedicated to the women’s empowerment programmme of Royale Estate Group, is marked by a 100% waiver on external development and registration charges for women applicants. The site is located on NH-64, near International Airport, Mohali.

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NBCC receives IBC Award for Excellence in Built Environment

Minister for Housing & Urban Affairs recently gave away IBC Awards for Excellence in Built Environment 2017-19 to NBCC (India) Ltd. PK Gupta, CMD, NBCC, received the award at a function held at Vigyan Bhawan, New Delhi. The award was bestowed on NBCC for the execution of the iconic project – Dr Ambedkar International Centre, New Delhi.

Rail Coach Factory, Kapurthala, rolls out 1,000th coach

Rail Coach Factory, Kapurthala, recently rolled out 1,000th coach. While flagging off the coach, General Manager Ravinder Gupta thanked the staff for their selfless contribution to making more and more coaches for the country. “Our staff is our pride and they have the strength and ability o rise up to new challenges,” he said.

Oriental Bank of Commerce cuts MCLR by up to 15 bps

Oriental Bank of Commerce has decreased its Marginal Cost of Funds-based Lending Rate (MCLR) by up to 15 bps across various tenors. The new rates are applicable with effect from January 10 till next review by the bank.

Henson Info Solutions’ president Abheek Dutta to be awarded

Abheek Dutta, president, Henson Info Solutions Pvt Ltd., Mohali has been selected for the award by AsiaOne Young Asian Entrepreneur 2019-20. The award function will be held at Bangkok on February 7.

Students of Akal University shine in UGC examination

As many as three students of Akal University cleared the UGC NET examination held in December 2019. Two students of thr Commerce Department — Sukhmanpreet Kaur and Harjot Kaur — cleared the examination with JRF. Both are second-year students of M Com. Apart from these, Paramjit Kaur, a student of MA (second year) of the Punjabi Department also cleared the examination.

Renault clocks volume growth of 8% in 2019

Renault India has ended calendar year 2019 by selling 88,869 units, thereby registering about 8% increase in volume compared with 2018. In the first three quarters of 2019, the company sold 19,193 units, 17,605 units and 17,705 respectively. The last quarter saw a huge jump of 34,362 units, which was 67.92% more than that of corresponding year-ago period sales.

Kalyan Jewellers, Amritsar, offers discounts on Lohri

Kalyan Jewellers has announced that it will offer an all-new shopping experience to its customers in Amritsar at a new retail space at Mall Road. The showroom will offer a wide variety of contemporary and traditional designs. During this Lohri season, shoppers can avail up to 20% discount on diamond and up to 30% off on making charges of gold jewellery.

Sonalika records 20.7% overall volume growth

Sonalika Tractors has recorded overall market share of 14.7% and volume growth of 20.7% by selling 7,320 units in December last year. The company also recorded robust exports growth of 132.5% by exporting 2,358 units and achieving 32% market share in December. “We will continue to remain focused on our vision of leading agri evolution and outperform industry growth,” said Raman Mittal, executive director, Sonalika Group.

SBI Mutual Fund’s AUM up 24% in current fiscal

Ashwani Bhatia, MD & CEO, SBI Mutual Fund, recently addressed senior officials of SBI at its Local Head Office, Chandigarh, in the presence of Rana Ashutosh Kumar Singh, CGM, SBI, Chandigarh Circle. He said the growth trajectory of the industry would continue in 2020 as well. He said in terms of assets under management (AUM), the company had grown by 24% so far in the current financial year compared to the last fiscal.

HDFC Bank unveils toll-free number for farmers

HDFC Bank has launched ‘#HarGaonHamara’ Interactive Voice Response (IVR) toll-free number (1800 120 9655) for farmers and agriculturists in the rural hinterland of the country to access financial services. “The aim is to take banking to the doorstep of every Indian farmer and agriculturists,” said RajinderBabbar, Business Head —Rural Banking Group, HDFC Bank.

HDFC Bank rolls out customised mobile apps for institutions

HDFC Bank has launched myApps, a suite of white-label apps that will enable urban local bodies, including smart cities and municipalities, housing societies, clubs or gymkhanas and even religious institutions to completely digitise their ecosystem. In an industry-first initiative, the bank will offer a customised app as a value-added service in addition to its complete suite of banking products.

Tecno launches ‘Spark Go Plus’ at Rs 6,299 in Indian market

Tecno has launched this year’s first smartphone ‘Spark Go Plus’ for Indian market. With the new product, the company became the first player in the 5-7K segment to provide a giant 6.52-inch HD+ screen. The smartphone is priced at Rs 6,299.

Chautala inaugurates Dr Prem Cancer Hospital, Baroli

Dr Prem Cancer Hospital, situated at GT Road, Baroli, was recently inaugurated by Haryana Deputy Chief Minister Dushyant Chautala. On the occasion, Karnal MP Sanjay Bhatia was among those present.

PEAC to develop debittering technology for farmers

Punjab Agri Export Corporation (PEAC) will develop debittering technology for citrus fruit growers. Manjit Singh Brar, MD, PAEC, has assured the farmers that they would get a good price for their yield. “We believe in directly marketing their fresh fruits and vegetables and help them in exporting to other countries,” he said.

Goonj and TikTok roll out #SpreadTheWarmth campaign

Voluntary organisation Goonj and short video platform TikTok have come together to launch an in-app winter contribution challenge called #SpreadTheWarmth. Goonj has been highlighting the issues faced by the less fortunate who don’t have adequate winter clothes and, therefore, has joined forces with TikTok to raise awareness among people to contribute their new/old but usable woollens during one of the coldest winters in India in decades.

PTC Network launches New Year campaign ‘19 Nahi 20’

PTC Network has launched its New Year campaign theme ‘19 Nahi 20’. The network would be going global with its talent hunt initiatives. Another first in the world is the daily live 360 degrees Virtual Reality telecast of Gurbani from the Golden Temple, Amritsar. PTC VR’s unique live service is now available on Jio TV and PTC PLAY app.

Amazon Great Indian Sale from January 19 to 22

Amazon India’s much awaited ‘Great Indian Sale’ is back offering big savings from January 19 to 22. Prime members will get 12 hours exclusive early access starting 12 noon on January 18. With sellers offering deals across smartphones, consumer electronics, fashion and beauty, home and kitchen, large appliances, TVs, daily essentials and more, customers can shop from over 20 crore products across hundreds of categories on Amazon.in.

Shriram Transport to raise up to Rs1,000 cr via NCDs

Shriram Transport Finance Company Limited proposes to raise up to Rs 1,000 crore by issuing secured redeemable non-convertible debentures (NCDs) of the face value of Rs 1,000 each. The company is coming out with its Tranche 2 Issue of NCDs having a base size of Rs 200 crore with an option to retain oversubscription aggregating up to Rs 1,000 crore which is within the shelf limit.