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Mr. Sandeep Runwal - President, NAREDCO Maharashtra and Managing Director, Runwal Group

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by Shrutee K "Real estate being the second-highest employment generator and contributing more than 8 percent to the economy, the expectations from the 2022-23 budget are high and the industry is awaiting big announcements that will alter the future of the real estate sector. The Central and State governments rolled out several reforms and incentives during the past year to revive the economy from the ill effects of the pandemic. The Government will continue to put in its sincere efforts in pushing affordable housing. The cap of Rs. 2 lakh per annum against interest rate deduction under section 24(b) of the Act needs to be hiked to at least Rs. 5 lakh along with removing the 45 lakh cap from affordable housing, which will boost the affordable and mid-segment housing in a big way. We also expect the government to continue promoting the affordable rental housing schemes by announcing tax reliefs for rental housing projects, which will fast track the pace of investments in these schem

An expansionary Budget for the Real Estate to firm up: Colliers

by Shrutee K Mumbai, 13 January 2022:  The first advance estimates of the government projects India’s GDP to grow at 9.2% in 2021-22 after a steep contraction of 7.3% in FY 21. While the economy is recouping its losses from Covid-19 with encouraging growth across manufacturing, mining, construction and services sectors, the impact and intensity of the third wave continue to be monitorable. The latest economic indicators are hinting towards an urgent need of demand stimulation measures to sustain the economic recovery. The Government should look at ways to boost private consumption and incentivise the real estate sector in the upcoming budget. The government’s support in the form of liquidity infusion, fiscal support and reform-driven investments was timely to keep the real estate sector amongst others to remain afloat and recover. There is a need for the continuation and introduction of tax sops and incentives to prospective homebuyers, investors, and developers at large. Colliers’ exp

RBI approves appointment of Ittira Davis as MD & CEO of Ujjivan Small Finance Bank

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Ittira Davis, a veteran banker of international repute to lead Ujjivan Small Finance Bank   by Shrutee K New Delhi: January 13, 2022 : Ujjivan Small Finance Bank today announced that it has received the RBI approval for the appointment of Mr. Ittira Davis as its Managing Director & CEO for a period of 1 (one) year. Mr Ittira Davis is a senior banker with over 40 years of rich experience having worked extensively in India, Middle East and Europe. He has been associated with Ujjivan since March 2015. His first pivotal assignment, as the Head of Transition, was to oversee successful transformation of a micro-finance institution into a small finance bank which included accessing the capital markets with two successful IPOs. Prior to Ujjivan, Mr. Davis was the Managing Director with the Europe Arab Bank, London. He has also held leadership positions with Arab Bank plc, Bahrain and Citibank, India.  He is an alumnus of Indian Institute of Management-Ahmedabad (IIM-A). Mr. B A Prabhakar,

East West Holdings Limited Bags Service Contract from L&T Technology Services Ltd & SUGAR COSMETICS

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by Shrutee K BSE listed, East West Holdings Limited (Through Wholly owned Subsidiary (WOS) East West Freight Carriers Limited) has bagged prestigious service contracts from two Reputed companies, i.e L&T TECHNOLOGY SERVICES LTD and SUGAR COSMETICS. The said service contract is expected to generate revenue of Rs 2 to 3 crore.   Under this service contract the Company will be providing total Logistic Solutions to L&T Technology Services Ltd and SUGAR Cosmetics.  On the momentous occasion, Mr. Mohammed Ajaz Shafi - Managing Director & CEO said that “We are proud to be associated with such a reputed Company and its emphasis the superior quality of services delivered by the Company to its clients and it’s our continuous endeavour to add more such reputed clients to our clientele.” About East West Holdings Limited: East West Holdings Limited (EWHL) is engaged in providing total logistic solution through its WOS East West Freight Carriers Limited (EWFCL) established in 1976 and ha

East West Holdings Ltd renews Service Conracts with Prominent Clients

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by Shrutee K Mumbai, 11 January 2022: BSE listed East West Holdings Ltd (BSE: 540006) has informed the Exchanges that,through its wholly owned Subsidiary (WOS) East West Freight Carriers Limited  has successfully  renewed its service contracts with reputed Government Organizations and Prominent Corporate clients as mentioned below: 1. CSIR- Indian Institute of Chemical Technology 2. TOP Metals Limited 3. Gracure Pharmaceuticals Ltd 4. M.R. Exports Under the said service contract the Company will be providing Total Logistic Solutions to these clients. The above contract is expected to generate revenue amounting to approx. Rs. 23 to 25 crore.  East West Holdings Limited (EWHL) is engaged in providing total logistic solution through its WOS East West Freight Carriers Limited (EWFCL) established in 1976 and has presence in the Indian Freight Forwarding & Logistics space for more than 45 years. Backed by over 45 years of experience, the Company provides superior quality services

Shanti Asiatic School felicitates its alumnus Harshit Kumar for clearing CAT with 99.99 percentile

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by Shrutee K Ahmedabad, Jan :  Shanti Asiatic School, Bopal, on Friday organised a felicitation ceremony to commemorate the achievement of Harshit Kumar, a student of the 2017-18 batch, for securing 99.99 percentile in the Common Admission Test (CAT). Harshit also secured a rank in the top 28 students across India and the top four in Gujarat. Run by the Shanti Educational Initiatives Limited (SEIL), Shanti Asiatic School, as a token of appreciation, awarded Rs 1.25 lakh to Harshit for his achievement. During the occasion, Harshit, who is doing his engineering at the Indian Institute of Technology Gandhinagar (IITGN), shared his success mantras with students of the school and inspired them to work hard to achieve success in life. Harshit was accorded a grand welcome by the Vice Principal, Ms Sandhya Uday. Director and Principal Mr Abhay Ghosh, too, congratulated and applauded him for following his dreams of serving the nation. Congratulating Harshit on this achievement, Mr Ghosh said, “

Celebrity Fitness Coach Yogesh Bhateja Launches affordable Yogesh Fitness Online Training Program

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by Shrutee K The pandemic transformed people’s homes into their offices as work from home became the norm. Now, it is slowly turning people’s houses into their gyms, as online fitness coaching is gaining popularity. With gyms closed for several months at a stretch over the last year, many took to the virtual world for their fitness needs and are planning to continue. Celebrity Fitness Trainer Yogesh Bhateja known as Yogesh Fitness and announced the launch of his affordable online fitness training program to reach out to people & spread awareness about exercising & healthy eating. Yogesh's aim is to make people understand that getting fit & staying healthy should be the priority to fight back from major concerns of today like stress, anxiety, depression & COVID. "After 10 years in the fitness industry, I'm so excited to launch my online services and make the brand of Yogesh Fitness available to a wider audience," Yogesh said. Yogesh Bhateja, a popular c