Industry Reporter

  Chandigarh :  Handloom India Exhibition with the latest variety and designs of fine silk and cotton handloom sarees, for the summer and wedding season, has started at Himachal Bhawan, Sec 28 here. The showcase will continue till February 27. The sarees on display are crafted by experienced and skilled craftsmen from across the country. Jayesh Gupta who is organising the exhibition by getting all original artisans from all over the country under one roof said, "Lavish sarees and dress materials, brought from all parts of the country, are showcased in the exhibition. Silk sarees are available in a variety of designs, patterns and colour combinations. At the same time, a captivating collection of fashion jewelry is also on display. Gujarat 's Handmade Patola Sarees are available in the range of Rs 15 thousand to 2 lakhs, each piece of this variety  takes eight months to prepare. It is woven twice and each thread is dyed separately. Due to the use of pure silk, this sar...

Chandigarh :  Skoda Auto India today announced the showcase of the all-new premium mid-size sedan, Slavia at its showroom. Customers can get a personal experience with the car, along with a detailed immersion of the product features. While pre-bookings are already underway, the test-drives and customer deliveries will commence in early March 2022, post the price announcement. Customers are invited to visit Krishna Skoda showroom/s to take the first glimpse of the newly launched sedan. Zac Hollis, Brand Director, Skoda Auto India ,   said,“The Slavia is the second jewel for Skoda Auto India under the 2.0 project. This sedan will strengthen our position in this dynamic market, and also re-energise and revive the premium mid-size sedan segment. With the Slavia, we are confident of putting the love back into sedans. This gorgeous car is now just one step away for our customers. This occasion is momentous also because the Slavia name is the advent of a new legacy for Skoda Auto...

  Chandigarh : Somany Home Innovation Limited (SHIL), the Consumer Appliances and Building Products Company, today announced its financial results for the quarter ended December 31st, 2021. SHIL reported consolidated revenue from operations of Rs 649 crore, registering a growth of 26% on a Y-o-Y basis compared to Rs 517 crore in the same quarter last year. EBITDA recorded a growth of 6% Y-o-Y and increased to Rs 62 crore in Q3 FY22. PBT grew by 5% Y-o-Y during the quarter. The Building Products Division continues to move from strength to strength, on the back of the strong performance of its businesses i.e. Sanitaryware, faucets, and plastic pipes and fittings businesses. The Building Products Segment delivered another robust quarter with Revenue from Operations and EBIT coming in at Rs.496 crore and Rs.46 crore respectively. Both Sanitaryware and Faucets businesses saw significant growth in their respective market shares, on the back of product and design leadership, brand sal...

New Delhi : GAIL (India) Limited’s Annual Report and Financial Statement for the year ended 31st March 2021 has won the ‘Gold Shield’ in the Institute of Chartered Accountants of India Awards for Excellence in Financial Reporting for 2020-21.   Dr Jitendra Singh, Union Minister (centre) presenting the ‘Gold Shield’ in the ICAI Awards for Excellence in Financial Reporting for 2020-21 to RK Jain, Director (Finance), GAIL (on his left) R K Jain, Director (Finance), GAIL received the award on behalf of the company from Dr Jitendra Singh, Minister of State (Independent Charge) of the Ministry of Science and Technology; Minister of State (Independent Charge) of the Ministry of Earth Sciences; Minister of State in the Prime Minister’s Office, Public Grievances and Pensions, Department of Atomic Energy and Department of Space. The award, in the Category XI – Public Sector Entities of ICAI Awards for Excellence in Financial Reporting for the year 2020-21, was given after reviewing the...

  Chandigarh:  From being one of India's wealthiest and fastest-growing states to the painful journey of a debt ridden economy, Punjab today stares at a grim situation with unemployed youth and wastage of human resources.   Unemployment is one of the major issues in  Punjab  and most of the youth want to go abroad to earn a better livelihood. Giving free sops to voters as a part of the political manifestos might not be the answer but creating opportunities by setting up the right Industrial environment and Infrastructure will give a boost to jobs and economy. Economists are of the view that the ‘Make in  India ’ campaign is quite successful in other states like Gujarat, Odisha, Maharashtra and Haryana but  Punjab  is still to fully exploit its potential in this area. Experts say that Punjabis are hardworking and enterprising, and that they have a natural flair for entrepreneurship, they just need the right environment to fl...