Showing posts from November, 2013

Dinesh Kakkar wins VR Surat’s ‘Dilwaali Diwali’ lucky draw, a brand new Skoda Fabia

VR Surat contributes Rs 1 Lakh to “Save The Children IndiaSurat, November 29, 2013: Shop for fantastic stuff, win a fabulous car! Shopping Karne Aao, Fabia Le Jao! That’s exactly what Surat resident Mr. Dinesh Kakkar did at VR Surat (Dumas Road) – the brand new way to shop – during the month-long Dilwaali Diwali campaign held between October 25 and November 25, 2013! Mr. Paresh Mishra, Director-Operations, Western Region, Virtuous Retail, handed over the key of the brand new Skoda to a visibly happy bumper prize winner from Ratna Jyoti Apartment, at the Runway@ VR Surat.

Hudco tax-free bonds issue to open on Dec 2, 2013

State-owned Housing and Urban Development Corporation (HUDCO) plans to raise Rs 2,439 crore from an issue of tax-free bonds starting on Dec 2, 2013. 

The Company is issuing tax free Bonds with a face value of Rs. 1,000 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”) aggregating to Rs 500 crore (“BASE ISSUE SIZE”) with an option to retain oversubscription up to the Shelf Limit  of Rs 2439.1995 crore (“ISSUE”) . The Minimum Application Size for the Issue is five (5) Bonds across all of the Series of Bonds and in multiples of one (1) Bond thereafter. The Bonds issued through the Issue carry a coupon rate of 8.51%, 8.58% and 8.76% payable annually for 10 years (Series 1A), 15 years (Series 2A) and 20 years (Series 3A), respectively  for Qualified Institutional buyers (QIBs), Corporates and High Networth Individuals (HNIs) applying for bonds more than Rs. 10,00,000/- and 8.76% ,…

GJF to Promote the National Skills Certification & Monetary Reward Scheme

The All India Gems and Jewellery Trade Federation has rolled out 'Star Scheme' to train retail staff of jewellers and will benefit 10 lakh youth at an approximate cost of Rs. 1,000 cr. Gem and Jewellery Industry poised to gain from skill development under GJF's Star Scheme

Mumbai , Nov 27-The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewellery Industry across India in association with Gem and Jewellery Skill Council of India, has rolled out the National Skill Certification and Reward Scheme branded as the STAR SCHEME (Standard Training Assessment & Reward) to train sales staff of the jewellery retailers.
The Star Scheme has been formulated to encourage skill development for youth by providing monetary rewards for successful completion of approved training programs under the Government of India’s National Skill Certification & Monetary Reward Scheme (NSCMRS).  India has 400,00…

GJF recommends dual policy measures to rescue Domestic Gems & Jewellery Trade

The All India Gems and Jewellery Trade Federation (GJF), the national trade federation for the promotion and growth of trade in Gems and Jewelry Industry across India, has written to the Union Finance Minister Mr. P. Chidambaram and has strongly advocated immediate reforms as following:
1) Bring back SBLC and other credit buying of gold. Advance payment or COD restrictions may be lifted; 2) Reduce import duty to 5%. 
In a letter to the Finance Minister, Mr. Haresh Soni, Chairman, GJF, said, “When the gold import is restricted under 80:20 scheme, there is no way the import of gold is going to mount until and unless there is a growth in overall exports.  As such, we request you to allow SBLC (Gold Loan) scheme for the jewelry manufacturers, wholesalers and retailers. This practice was followed in the recent past. However, this practice is prevalent in many countries due to the volatile gold prices and also supports the jewelry manufacturers, wholesalers and retailers in the way of work…


Virtuous Retail, India's largest institutionally owned developer-operator of lifestyle shopping centers,is pleased to announce the Gujarat debut of Inditex-owned global high-street fashion brand Zara, at its 600,000 SF Flagship Center VR Surat, positioning it as the leading fashion destination in the entire region. Other key shop openings include UK's leading department store brand Marks & Spencer, global cosmetics giant MAC and luxury watch brand Omega. VR Surat is South Gujarat’s largest and only lifestyle destination.

On this milestone occasion for VR Surat, Anupam Yog, Marketing Director, Virtuous Retail said, “We are excited to have successfully delivered the first international standard lifestyle and tourist destination in Gujarat, and we are particularly pleased to have initiated our India journey via Surat, the historic port city with a glorious past and a…

Tree House Education Q2FY14 net profit rises to Rs 11.47 crore

Tree House Education and Accessories Limited (Tree House), India's largest self-operated pre-school chain, plans to open 100 self- operated centres in the current financial year, out of which it has already opened 22. Mr. Rajesh Bhatia, Promoter and Managing Director, TreeHouse said, " Treehouse is spreading its roots across the country. We are now present in 18 of the top 20 cities in India, with market leadership in 9 of these in terms of center penetration. We have identified the cities where we plan to grow in the next 6 months. We plan to open 100 self-operated centers in the current financial year, of which we have already opened 22. We would be announcing asset sales within the next 6 months. Becoming asset light shall increase the efficiency of capital employed and free capital resources for future growth. We continue to strengthen our curriculum and content delivery and are looking forward to maintaining growth over the coming year." The ratio of self operated p…

Virtuous Retail celebrates Children's Day, introduces SVM Bowling and Gaming at VR Surat

In keeping with its pioneering efforts of creating lifestyle community centres across the country, Virtuous Retail, is delighted to introduce SVM Bowling and Gaming, the state-of-the-art entertainment lounge at its flagship community centre VR Surat. This development also makes VR Surat the only lifestyle centre in Gujarat to house a state-of-the-art entertainment lounge that targets consumers and patrons of all age groups. Virtuous Retail is India's first and largest institutionally owned developer-operator of lifestyle shopping centres. Spread across an area of over 11,000 sq ft, the SVM Bowling and lounge has a 7D theatre set-up, 4-lane UV glow bowling lanes, bumper cars, motion censored console games, video and novelty games. Providing action to arcade, adventure to personalized games, variety and sophistication SVM Bowling and Gaming has been a big hit in the catchments that it has been launched in. The arcade will also organize special gaming events to patrons, young and ol…