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Showing posts from January, 2013

AFCONS led consortium signs agreement with ONGC for HRD Process Platform

ONGC has recently awarded HRD (HEERA REDEVELOPMENT) Process Platform Contract to the Consortium led by AFCONS Infrastructure Ltd., (A Shapoorji Pallonji Group Company). The other members are Technip KT India Ltd., (Part of a global conglomerate Technip, France) and THHE Malaysia.  The agreement was signed on 18th January, 2013.
Awarded value of this EPIC (Engineering, Procurement, Installation and Commissioning) Project is US $ 290 Million with a demanding completion schedule of about 28 months.  AFCONS led consortium bagged this job in an International Competitive Bidding.
The Process Platform is having well fluid processing capacity of 55000 Barrels per day and gas compression of 3.2 million Cubic Meters per day. The major fabrication works would be undertaken at PTSE yard in Vietnam and NPCC yard in Abu Dhabi.  Kawasaki Heavy Industries (KHI), Japan are the suppliers of Gas Compression System.
Since inception of ONGC, only 17 Process Platforms have been made in the country and earlier…

Tribhovandas Bhimji Zaveri opens 10th Exclusive Store in Maharashtra at Aurangabad

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Tribhovandas Bhimji Zaveri Limited (“TBZ – The Original”), the well-known and trusted Mumbai-based jewellery retailer with a pan-India presence and rich legacy of over 150 years, marked its foray into Marathwada with the opening of its first exclusive store in Aurangabad to cater to fast-growing local communities of the region.  This is TBZ's 10th store in the state. In the last few months, TBZ-The Original has opened 10 stores in cities of Pune, Mumbai, Vadodara, Kolkata, Vapi, Bhavnagar, Vasai, Nagpur and now in Aurangabad. With the opening of this new store, TBZ-The Original now has 23 stores in 17 cities across 6 States including Maharashtra, Gujarat, Madhya Pradesh, Kerala, Andhra Pradesh and West Bengal.
TBZ-The Original’s exquisite 4,300 sq. ft. store is located at AG Pride, near Ratnakar Bank, N3 Jalna Road, Aurangabad. The key management team of TBZ Ltd. was present on this momentous occasion. The chief guest for the occasion was Smt. Kala Oza.
The opening of TBZ-The Origin…

Tribhovandas Bhimji Zaveri Ltd expands store network in Maharashtra, opens new showroom in Nagpur

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Tribhovandas Bhimji Zaveri Limited (“TBZ – The Original”), the well-known and trusted Mumbai-based jewellery retailer with a pan-India presence and rich legacy of over 150 years, marked its foray into Central India with the opening of its first store in Nagpur to cater to fast-growing local communities of Vidarbha. TBZ-The Original’s exquisite 2,500 sq. ft. store is located at Dharampeth, opp. Wockhardt Hospital, Nagpur. The key management team of TBZ Ltd. was present on this momentous occasion. The chief guest for the occasion was the city’s Mayor Hon. Shri Anilji Sole.

The opening of TBZ-The Original’s store and the display of the all new Bridal Collection is timed well to serve the customers during the auspicious Uttarayan and the pre-wedding buying season. In fact, customers can avail a special offer of 50% discount on Diamond Jewellery making charges and 35% off on GoldJewellery making charges for Uttarayan and the forthcoming pre-wedding buying season.


Mr. Shrikant Zaveri, Chairma…

Sensex touches 2 year high in 2013, government may consider hiking fuel prices -Ajcon Global

The BSE Sensex edged higher on Friday to touch two-year high, posting its strongest weekly performance since the end of November, as oil companies such as ONGC rose on hopes a proposed change in the government's pricing formula would boost gas prices.
Domestically, diesel, kerosene and cooking gas LPG prices may be hiked soon as the government considers Vijay Kelkar Committee recommendations on cutting fiscal deficit. The Kelkar Committee, which was appointed by finance ministry to suggest a roadmap for fiscal consolidation, has suggested immediate hike in fuel prices and complete deregulation of diesel prices by start of 2014-15 fiscal. It also suggested raising kerosene and LPG rates. According to Oil Minister, M Veerappa Moily, Vijay Kelkar committee recommendation on deregulating diesel and raising kerosene and LPG rates) is at proposal stage. The (Petroleum) ministry is only processing that report and we are yet to take a decision. The panel had in September recommended "…

Hudco Tax Saving Bonds Issue to open on January 9, 2013

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Housing and Urban Development Corporation Limited (“COMPANY” or the “ISSUER”) is issuing Tax Free Bonds with a Face Value of Rs 1000 each in the nature of Secured, Redeemable, Non-Convertible Debentures having benefits under Section 10(15)(iv)(h) of the Income Tax Act, 1961, as amended (“BONDS”) to aggregate amount upto Rs 750 crore with an option to retain an oversubscription of up to Rs 5,000 crore (“Shelf Limit”).
The minimum subscription is five (5) Bonds across all of the Series of Bonds and in multiples of one (1) Bond thereafter. The Issue will open on January 9, 2013 and will close on January 22, 2013.

Public Issue of Tax Free bonds in the nature of Secured, Redeemable, Non Convertible Debentures by the Company under Section 10(15)(iv)(h) of Income Tax Act, 1961 – Tranche - I BondsBonds to aggregate upto Rs 750 crore; with option to retain oversubscription upto shelf limit of Rs 5,000 croreCoupon rate of 7.34% for Series 1 Bonds and 7.51% for Series 2 Bonds …

India’s first multi locational interactive Virtual Premier of Ritesh Deshmukh’s Marathi film ‘Balak Palak’ on 3rd January, 2013

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Traditionally a film’s premiere has usually been hosted with the cast & crew in attendance, in closed door affairs with the invitees being from the film fraternity itself. For the first time virtual premieres are being held, with the cast & crew in attendance  on the big screen, in multiple locations, with audiences being the cinema going public.
History will be created in the world of cinema in the New Year! For the first time ever, UFO Moviez, the world’s largest satellite delivered digital cinema network, along with Valuable Edutainment, will pioneer the interactive ‘Virtual Premier’ of Actor-Producer Ritesh Deshmukh’s new Marathi film ‘Balak Palak’ (BP) at UFO digital theatres in 5 different locations (Mumbai, Thane, Nalasopara, Pune and Latur) at the same time.  

üIndia’s first interactive virtual premiere, brought to you by UFO Moviez India Ltd., and powered by Valuable Edutainment’s Edubeam Distance Learning Solution. üFor the 1st time ever, audiences in UFO digita…

TBZ wins 3 awards for Best Jewellery Designs at Jaipur Jewellery Show

Tribhovandas Bhimji Zaveri Limited (“TBZ”), a well-known and trusted jewellery retailer in India with a legacy of over 150 years, has won three prestigious Jaipur Jewellery Show – Indian Jeweller Jewellers Choice Design Awards at an event held in Jaipur last week. TBZ won these awards for best designer jewellery in the following categories - Diamond Jewellery Over Rs. 5,00,000; Emerald Jewellery Under Rs. 5,00,000; and Emerald Jewellery Over Rs. 5,00,000.
TBZ was the only jeweller to win 3 awards at the second Jaipur Jewellery Show – Indian Jeweller Jewellers Choice Design Awards, which are constituted by International Journal House (IJH) and Gem and Jewellery Information Centre (GJIC) comprising The Journal House Group (JH Group) are non-government bodies which are dedicated to the all-round development and advancement of the entire Gems and Jewellery Industry and Trade.
Commenting on this achievement of TBZ, Mr. Shrikant Zaveri, Chairman and Managing Director of the company, said, “T…