medicine Business Hyderabad Telangana 

Now, ‘track and trace’ your medicine

Hyderabad: Access to medicine that assure of quality and potency has always been a huge challenge for consumers. To address this issue, the Central Drugs Standard Control Organisation (CDSCO) has decided to introduce a ‘trace and track’ mechanism that will enable identifying of counterfeit drugs. The regulatory body CDSCO has already issued instructions to pharmaceutical companies that are involved in manufacturing of over 400 popular brands of medicines to implement the ‘trace and track’ system. The plan is to convince the pharmaceutical companies and drug manufacturers to provide a digital number…

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Seafood Business International 

Indian seafood producer willing to invest in Lanka’s aquaculture sector

Colombo [Sri Lanka], June 20: An Indian seafood producer Coastal Corporation Limited (India) has proposed to invest in Sri Lanka‘s aquaculture sector to boost cultivation of aquatic plants that are needed for the highly demanded shrimp farming overseas. Coastal Corp is one of the leading producers and exporters of high-quality aquaculture seafood products across the globe. According to Colombo Page, the company’s representative, D Titus Fernando said they are willing to invest USD 5 million in the cultivation of aquatic plants. The deal was proposed when Fernando met with the State Minister of Fisheries and Aquatic Resources Development, Dilip Wedaarachchi. The company is also ready to expand…

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My Home group new product Business Hyderabad Telangana 

My Home launches new cement product

Hyderabad: My Home Industries, a flagship business unit of Rs 4,000 crore My Home Group, has announced MAHA HD+ Cement. My Home Industries’ Managing Director Ranjith Rao Jupally launched the new cement product in the market on Tuesday. MAHA HD+, manufactured using quality of clinker and very low levels magnesia, sulphur, alkalies and chloride, gains strength over time and gives durability to the structure. it is manufactured using special mineral admixtures and is superior compared to other regular cement. “The market is changing and the demand for quality product to support…

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Ravi Foods draws up Rs. 250 crore plan Business Hyderabad Telangana 

Kothur-based Ravi Foods draws up Rs 250 crore plans

Hyderabad: City-based Ravi Foods, which makes biscuits, wafers and confectionary under the brand Dukes, will invest about Rs 250 crore in phases for a mega food unit at Kothur on the city outskirts. Of this, about Rs 100 crore will be invested in the short term in about two years and the remaining will be done in the next two years, said it’s Managing Director Ravinder Agarwal. The company is also contract manufacturer for the likes of Britannia, Parle and ITC among others. It also makes wafers under the brand Waffy,…

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TiE Young Enterpreneurs Innovation Challenge Business 

MyFo wins TiE Young Entrepreneurs Challenge

Hyderabad: The Indus Entrepreneurs (TiE), Hyderabad conducted its TiE Young Entrepreneurs Innovation Challenge and declared student team MyFo – My Food My Choice – an aggregator of food service companies – as the winner of the summer business plan competition 2018. While previously, TYE challenge used to organised over a period of six months, this is the first time the TYE is being conducted as a summer school programme. For the sixth edition of the innovation challenge, TiE Hyderabad got applications from over 50 students from classes’ ninth to 12th from…

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MOS Finance Business National 

Working to rationalise GST rates: MoS Finance

New Delhi [India], Jun 8: Minister of State (MoS) for Finance Shiv Pratap Shukla said the GST Council is working towards rationalising the Goods and Service Tax (GST) rates. Addressing a gathering at the 7th edition of Delhi SME Finance Summit organised by the Confederation of Indian Industry (CII) here, the MoS Finance said a big announcement from the government regarding GST is imminent. “The GST Council is working towards rationalising GST rates. An announcement from the government regarding GST is imminent,” the MoS said. Currently, the GST is divided into four tax slab i.e.- 5 percent, 12 percent, 18 percent and 28 percent. Earlier in January, the GST Council, in its…

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Halonix Technologies Business National 

Halonix Technologies all set to embark into smart lighting with 22 pct YoY growth target

New Delhi [India], June 2: Halonix Technologies Pvt. Ltd., one of the country’s most progressive and environment friendly lighting companies is all set to launch a wide range of Smart Lighting products. The company also plans to break into newer markets and achieve over 20-22 percent YoY growth rate with an aim to realize Rs. 10 billion revenue in next five years, said Rakesh Zutshi, Managing Director, Halonix Technologies Limited. “With our immediate plans to expand ourselves aggressively in West and South India, we aim to garner Rs. 4.4 billion revenue in the current financial year. We are already very strong in…

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MTC Coin Holders Business National 

Relief for MTC virtual currency holders

New Delhi [India], June 2: Money Trade Coin (MTC) and its promoter Amit Lakhanpal has announced that it is adopting a multi-pronged approach in addressing the concerns of its virtual currency holders. Lakhanpal said, “We have adopted a multi-pronged approach to address the concerns of our currency holders. In the wake of RBI order, the interest of our currency holders was jeopardised. This prompted us to explore various options, some of which have materialised and others will mature over the coming days.” He was referring to the RBI’s April 6 notification,…

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E-Way Bills For Intra-State Movement Business National 

Intra-state e-way bill to be rolled out in 6 states today

New Delhi [India], Jun 1: At least six states – Mizoram, Odisha, Punjab, Chhattisgarh, Goa and Jammu and Kashmir will roll out the e-way bill system for the intra-state movement of goods on Friday. As per the decision of the Goods and Service Tax (GST) Council, the e-way bill has been rolled out from April 1. As on May 30, the e-way bill system for intra-state movement of goods has been rolled out in the states of Andhra Pradesh, Arunachal Pradesh, Assam, Bihar, Gujarat, Haryana, Himachal Pradesh, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Manipur, Meghalaya, Nagaland, Rajasthan, Sikkim, Telangana, Tripura, Uttarakhand and Uttar Pradesh;…

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Volkswagen 10 year Anniversary Auto Business 

Volkswagen celebrates 10th year of association with PPS Motors in Telangana, AP & Karnataka

Hyderabad [India], May 29: Volkswagen, Europe’s leading car manufacturer, today celebrated its 10th year anniversary of its association with its dealer partner, PPS Motors Pvt. Ltd. Over the years, this ten-year association has developed into a thriving partnership between two definitive brands; both driven by impeccable standards of quality as well as a drive to persistently and consistently deliver more. Under the able leadership of Rajiv Sanghvi, Managing Director, PPS Motors Pvt. Ltd., over 600 expertly trained individuals have made the outstanding success of the network possible. Through their relentless pursuit of excellence, the dealer…

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