by Editor | Dec 16, 2021 | Business, Emerging Businesses, News
Marketing facilities on digital platforms too would be provided for handloom products through Handloom Development Corporation
Belagavi (Karnataka): Karnataka Chief Minister Basavaraj Bommai on Thursday said the state government will take all the necessary measures to provide a steady market and price for the weavers’ products.
The chief minister said this during his address at a meeting to discuss various problems being faced by the weavers and textile industry, an official said.
Ministers Govind Karjol, Shivaram Hebbar, Shankar Patil Munenakoppa and other senior officials apart from the leaders of weavers community participated in the meeting.
Responding to the charter of demands of the weavers, Bommai said the government departments would be asked to procure their need for dress materials and sarees from the weavers in accordance with the capacity of the weavers, and a specific quantum would be fixed for this.
Marketing facilities on digital platforms too would be provided for handloom products through Handloom Development Corporation.
He has assured of a “positive response soon” on subsidy for professional weavers like that of Tribal Sub Plan.
The Chief Minister also said that the state government is mulling to impose a small cess on business units to provide various welfare schemes for weavers along the lines of Construction Workers Welfare Board.
Bommai has instructed the Revenue Department officials to take action on converting unauthorised habitations into revenue villages or colonies.
The Chief Minister further instructed the Pollution Control Board officials to take action to avoid harassment of weavers.
He has agreed to the demand of providing scholarship for students from weavers families, medical facilities for weavers and payment of a solatium of Rs 5 lakh to families of weavers who committed suicide during the Covid-induced lockdown.
by admin | May 25, 2021 | Business, Emerging Businesses, News
• Featuring brand ambassador Bollywood actor Anil Kapoor, Malabar brings the unique virtual store launch concept to Bihar
Patna: Malabar Gold & Diamonds, one of the largest gold and diamond retail chains in the country, will inaugurate its first store in Patna in Bihar through a unique virtual store launch event on September 19, 2020. Brand ambassador Bollywood actor Anil Kapoor and Malabar Group Chairman M P Ahammed will grace the first-of-its-kind virtual store inauguration event which will be streamed on its official Facebook page.
Located at Boring Canal Road, the lavish showroom is a part of its global expansion plan of the jeweller and its vision to strengthen retail presence in eastern India. The jeweller said that it will hold virtual store launches to inaugurate showrooms across India, going forward, to comply with the safety and security guidelines in the post-Covid scenario.
The spacious store in Patna with an area of 5500 square feet will offer a safe and hygienic retail environment to its customers by adopting all the necessary precautions and safety measures. As the brand enjoys tremendous goodwill across the country and beyond banking on exceptional products and services, the aesthetically designed will offer the jewellery buyers of the state exquisite jewellery retail experience.
Malabar Group Chairman M P Ahammed with his son Shamlal Ahamed, Managing Director, International Operations, Malabar Gold & Diamonds
“The store in Patna will help us further expand our presence in eastern India. The virtual store launch will bring an element of novelty to our main foray into Bihar. Our retail expansion is a part of our plan to become the number one gold retail brand in the world in terms of both showroom count and sales. So, we have plans to triple the number of showrooms in the next five years,” said Malabar Group Chairman MP Ahammed.
“What makes our brand appealing to the global consumers is our highly diversified product range, immaculate designs, and impeccable after-sales services,” he added.
“Our unparalleled transparency in pricing and quality has helped us win customer confidence across the country and beyond. We want to offer our unique services, facilities and unmatched variety to the customers in Bihar,” said O Asher, Managing Director, India Operations, Malabar Gold & Diamonds.
The jewellery retail chain offers exquisitely designed gold jewellery for all occasions across age groups. It offers world-class facilities along with lifelong free maintenance, one-year free insurance on products, buy-back guarantee, zero deduction for exchange, etc. It also offers maximum value while selling or exchanging old gold as well as advance booking facility by 10% of the value upfront to its customers.
About Malabar Gold & Diamonds
Malabar Gold & Diamonds is the flagship company of Malabar Group, a leading diversified Indian business conglomerate. Founded in 1993 by a team of enterprising businessmen led by Mr. Ahammed MP at the northern city of Kozhikode, Kerala, Malabar Gold & Diamonds has come a long way to become the world’s fifth largest jewellery retailer with over 260 showrooms spread over ten geographies with its annual turnover touching approximately Rs. 30,000 crores. With 13 cluster manufacturing units in India and GCC – the company currently has 12 jewellery brands to cater to the discerning needs of customers. This is a rare foot for a business house that started its long march as a single shop retail outlet and reached the pinnacle of its business vertical in such a short span of time. With headquarters in Kerala and branches across India, Middle East and the Far East, Malabar Group is best known for its activities in the field of gold, diamonds, silver and lifestyle articles.
by admin | May 25, 2021 | Business, Emerging Businesses, Employment, Investing
Shimla : Himachal Pradesh on Monday signed memorandum of understanding (MoU) with 159 companies that will attract an investment of over Rs 17,000 crore and provide employment opportunities to 40,000 people, the government said.
It said three MoUs were signed with PSUs (public sector undertakings) for an investment of Rs 1,115 crore; 88 for the Department of Industries for Rs 5,243 crore; 36 for the Department of Tourism and Civil Aviation for Rs 2,810 crore; 17 for the Department of Urban Development for Rs 4,332 crore; and five for the Department of Transport for an investment of Rs 2,780 crore, among others.
Speaking on the occasion, Chief Minister Jai Ram Thakur said the state was coming up with new policies for industry, tourism, warehouse and logistics, information technology, e-vehicles, films and Ayush to provide more attractive incentives to the entrepreneurs.
Presiding over the MoU signing ceremony here under the Himachal Pradesh Global Investors Meet, he said efforts would be made to ensure online clearances under Section 118 to ensure fast clearances of the projects.
Section 118 of the Himachal Pradesh Tenancy and Land Reforms Act of 1972 makes permission mandatory for non-agriculturists in the state to buy property other than what is offered by the state housing board.
Thakur said a holistic approach had been adopted by the government to attract investments.
He said the state offers great scope for investment in sectors like tourism, education, healthcare and food processing.
The Chief Minister said the new industrial policy aims to establish state-of-the-art infrastructure, promote the manufacturing sector, enhance inclusivity, foster innovation and create employment opportunities across the sectors.
He said the entrepreneurs willing to set up new industry or undertaking expansion would be entitled to 30 per cent Capital Investment Subsidy subject to a maximum of Rs 5 crore on plant and machinery under the Industrial Development Scheme of the Government of India.
He said the state government would be holding the Global Investors Meet in June in Dharamsala.
Industries Minister Bikram Singh Thakur said the state was committed to make sustainable tourism one of the prime engines of growth by establishing it as a leading global sustainable tourism destination.
—IANS
by admin | May 25, 2021 | Business, Emerging Businesses, Medium Enterprise, SMEs
New Delhi : Honda Motorcycle & Scooter India on Friday entered into the growing middle-weight motorcycle segment with launch of CB300R.
According to the company, CB300R is its third ‘Make in India’ model under CKD (Completely Knocked Down) line-up.
“With strategic pricing of Rs 2.41 lakh (ex-showroom, pan India), Honda has put the spotlight on the growing middleweight category and motor enthusiasts across India have responded,” Yadvinder Singh Guleria, Senior Vice President (Sales and Marketing), Honda Motorcycle and Scooter India said.
“In just 25 days since start of bookings, CB300R is already booked for over 3 months based on our current production plan…,” Guleria added.
—IANS
by admin | May 25, 2021 | Business, Emerging Businesses, Investing, SMEs, Venture Capital
Chennai : Global technology and services provider Bosch Group on Wednesday inaugurated the Robert Bosch Center for Data Science and Artificial Intelligence (RBC-DSAI) at the Indian Institute of Technology-Madras (IIT-M) with a planned investment of 2.5 million Euros (over Rs 20 crore) over five years.
The mission is to create societal impact through multi-disciplinary interactions with the government, academic, research and industrial collaborators on core challenges in Data Science (DS) and Artificial Intelligence (AI).
“Artificial Intelligence is a core technology for all areas of connected life — from connected mobility to buildings, factories and cities. The expertise of our Indian engineers contributes to expanding the AI skills set of Bosch,” said Michael Bolle, Member of Bosch’s Board of Management.
The centre will undertake foundational research in many areas of AI and Data Science, namely deep learning, reinforcement learning, network analytics, interpretable machine learning (ML), and domain aware AI.
The areas of activity include research projects, knowledge management and dissemination, outreach projects, and setting up collaborative facilities and laboratories.
“The centre’s mandate requires interaction with industry and other universities, including international student and faculty exchanges. The objective is to advance scientific innovation for societal benefit,” said Professor Bhaskar Ramamurthi, Director, IIT-Madras.
India is one of four locations of Bosch Centre for AI and the company is investing some 300 million euros until 2021 for such centres across the world.
“Bosch has funded two important technology areas with Cyber Physical Systems and Data Sciences & AI at IISc (Indian Institute of Science) and IIT-M.
“By working together and conducting aligned R&D activities, they could accelerate major breakthroughs which will have wider societal impact,” says Dr Vijendran Venkoparao, Head of technology strategy and university relations at Robert Bosch Engineering and Business Solutions.
—IANS
by admin | May 25, 2021 | Branding, Business, Emerging Businesses, Markets, Technology
San Francisco : Riding on Google’s robust ad business, the parent company Alphabet has logged $39.3 billion in revenue for the fourth quarter of 2018 — an increase of 22 per cent from the same period a year ago.
Google’s advertising business accounted for $32.6 billion of Alphabet’s overall revenue.
“In 2018 we delivered strong revenue growth, up 23 per cent year over year to $136.8 billion, and up 22 per cent for the fourth quarter to $39.3 billion,” Ruth Porat, Chief Financial Officer of Alphabet and Google, said in a statement on Monday.
Alphabet’s traffic and acquisition cost was $7.4 billion, up from $6.5 billion a year ago.
“With great opportunities ahead, we continue to make focused investments in the talent and infrastructure needed to bring exceptional products and experiences to our users, advertisers and partners around the globe,” Porat added.
The company which now has 98,771 employees globally reported a net income of $8.94 billion for the fourth quarter.
Other revenue — which includes hardware, Play Store, and Google Cloud enterprise efforts — reported $6.4 billion. Alphabet did not separately disclose how much its Cloud business contributed to this quarter’s revenue.
—IANS
