Business Buzz 24

Chandigarh:  Guided by the spirit of giving back to society and growing with people, Escalon, a US-based Financial Services KPO (Knowledge Process Outsourcing) organization, with operations and personnel in the US, India, Norway, and Israel, has expanded its operations in the Tricity by opening an expansive office in Mohali’s Sec 67. With this, Mohali - the region’s fast-emerging industrial and IT hub has got a further boost. It is notable that Escalon was founded by an alumnus of Punjab Engineering College (PEC). The ribbon-cutting ceremony was done by 3 young girls who were abandoned by their families and are being brought up by a known non-governmental organization (NGO) - Jyoti Sarup Kanya Asra. The girls are currently pursuing their graduation. Ruby Sahiwal, CEO, Escalon Business Services, said that through our punchline - ‘Escalon. And Done’ we assure customers that they can count on us to get their back-office services taken care of. “The Escalon journey started from PEC...

Ernst Pharmacia CEO Nikhil Aggarwal  Chandigarh: The Indian pharmaceutical industry is undergoing a sea-change thanks to the support of the governments at the Centre and in the states, said Nikhil Aggarwal, CEO, Panchkula-based Ernst Pharmacia, adding that by 2026, there will be a remarkable transformation in cancer treatment, thanks to the ongoing research in the USA. Aggarwal who founded Ernst Pharmacia which is headquartered in Panchkula was addressing different issues related to India's pharmaceutical industry during an interaction at an industry event in Tricity.  “Government of India and the state governments are promoting Indian manufacturers to produce Active Pharmaceutical Ingredients (API), this will reduce India's dependence on China and other countries for API,” said Nikhil, adding that Ernst Pharmacia is committed to providing a range of high standard pharmaceutical products at affordable prices so that everyone can take advantage of the best medicines. Talki...

  Singer-cum-angel investor Sukhbir (Middle) flanked on left by Sahil Makkar, CEO, Punjab Angels Network, hands over a cheque to a startup at 'Transform 7.0', organized by Punjab Angels Network. Chandigarh:   In what can be termed as a major boost to the startup ecosystem of the region, famous Punjabi singer-cum angel investor, Sukhbir as a co-investor has funded a  startup at 'Transform 7.0', organized by Punjab Angels Network, an organization working towards creating a startup ecosystem in Punjab.  Realtime Angel Fund, Punjab Angels Network, and Sukhbir together have invested a whopping Rs 1.25 crore as 'funding' to a Mumbai startup ReDesyn. A cheque of Rs 1.25 crore was handed over to ReDesyn. Notably, this is the first time that investors from the Punjab region have infused such a big amount into a startup company.  CA Sahil Makkar, Founder and CEO of Punjab Angels Network said, “In the last decade we have witnessed a paradigm shift in India’s sta...

Spl DGP Punjab and Chairman, Punjab Police Housing Corporation, Dr Sharad Satya Chauhan (IPS) lighting the lamp at the inauguration of the PLPB Corporate Office in Sec 17, Chandigarh. Chandigarh :  The corporate office of Prime Land Promoters and Builders (PLPB) was inaugurated at Sector 17C, Chandigarh . Dr Sharad Satya Chauhan, Special DGP, Punjab Police and MD, Punjab Police Housing Corporation (PPHC) was the chief guest. City Mayor Mr Anup Gupta, Guest of Honour, also graced the occasion and extended his best wishes to PLPB. Sanjiv Singla, Chairman of PLPB, and Devraj Bansal, Chairman and Managing Director CMD) of PLPB were also present. Sumit Singla, CEO of PLPB said at the inauguration, “We are aiming at going global and hence we opted to operate from a location which was central and an address which was relevant as we at PLPB are creating the most unique township - ‘The Wellness City’ which will subsequently become a landmark in North India. Our office is in the heart of the...

  Chandigarh : Sanjeev Chadha, Chairman, Yield Group of Companies, a premier provider of financial instruments in trade transactions, has been accepted into the Forbes Business Council, the foremost growth and networking organization for successful business owners and leaders worldwide. Chadha was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors. “We are honored to welcome Sanjeev Chadha into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes the Forbes Business Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.” As an accepted member of the Counc...

Chandigarh:  Cumulative wholesales in this financial year from the period of April to September 2022, have witnessed a phenomenal growth of 68% compared to the corresponding period of last year, further strengthening TKM’s sales trajectory, says Vivek Datta, MD & CEO, Globe Toyota. Vivek Datta, MD & CEO Globe Toyota Commenting on the month’s performance, Datta said, “This month we launched our latest offering from Toyota which includes the first self-charging strong hybrid electric vehicle in the B SUV segment and the Urban Cruiser Hyryder, which was first unveiled in July. The brand new SUV from Toyota has received rave reviews, with booking orders exceeding our expectations and further reinforcing customer’s faith and trust in Toyota’s technological prowess.” Pricing for the new model has also been very well received by our customers and the market alike, as Toyota India has tried to price all the grades of the Hyryder very competitively. Deliveries of the vehicle have...

An AIPL Development in Punjab Chandigarh :  The land of five rivers – as Punjab has famously been known for ages – is now housing some of the leading real estate developers who have their headquarters in Tier 1 cities – Advance India Projects Limited (AIPL), Omaxe, Emaar  India , DLF and Ansal API are some of these. Not only Mohali in the  Chandigarh  capital region, but most of the other Tier II and III cities of the State are attracting investors.  The current dispensation led by Chief Minister Bhagwant Mann seems to be keen to promote the realty sector, as the government knows well that the real estate sector will give a significant push to the state’s economy. It is indeed encouraging to notice the entry of major real estate developers in the state and it is very promising for this segment’s revival. This shall not only boost the economy of the state but also bring diversity in terms of the architecture, green building aspect, and long-term susta...

  Chandigarh : TASVA, a premium ethnic menswear brand by Aditya Birla Fashion & Retail Limited (ABFRL) and ace designer Tarun Tahiliani was unveiled today. This is the 20th Tasva store in the country and the first franchise store of the brand in  India . Male models showcased the season’s collections at the inauguration. Located at SCO 202-203- 204, Sector 17 C,  Chandigarh , the TASVA store- with its stately façade and elegant interiors, is the go-to place for high-quality ethnic attire for men at accessible prices for festive occasions and weddings. The new collection for the season showcases a variety of kurtas, bundis, sherwanis, bandhgalas, achkans, churidars, and aligarhis. The store is so well designed, the collection is stylish with a wide variety of ethnic wear and accessories for men, and the fabrics and fits are fabulous. Mr. Tarun Tahiliani, Chief Design Officer, Indivinity Clothing said, “I am excited about TASVA's opening in  Chandigarh . TASV...

A view of the Oxford Street   Chandigarh : There is good news for business owners and startups who can now own their office or outlet in the region’s iconic  Oxford Street , developed by Royale Estate Group(REG)  on the Chandigarh-Ambala Expressway. REG has unveiled a unique campaign 'Apna Office Celebration' for those desirous of owning their own office spaces.   Neeraj Kansal, MD, Royale Estate Group (REG) said, “The whole idea of the campaign is in sync with the dream of Prime Minister Narendra Modi to empower people, particularly entrepreneurs by making them self-reliant. We have unveiled 'Apna Office Celebration'  to coincide with the '75th Azadi Ka Amrit Mahotsav', as the initiative launched by us also gives freedom from rentals to businessmen. Under the campaign, one can have his/ her own office or shop for as low as  Rs 20,000 monthly EMI.”  Spread in 4.5 acres of land,  Oxford Street  is the ...

    Patiala :  After over a decade of revolutionizing the nightlife and dining scene in Delhi NCR,  Chandigarh , and  Lucknow , Boombox has now arrived with an all-new Luxury Bar format, Boombox Penthouse at  Downtown   Building , New Lal Bagh,  Upper Mall Road ,  Patiala . Sahil Baweja and Aprajita Sharma On this occasion, an exclusive party was organized at the sprawling Boombox Penthouse in which a renowned ramp model and a top-10 finalist of Miss India 2011, Aprajita Sharma and Dr Sukhmilap Ratol, owner of  Downtown   Building  along with prominent lifestyle influencers of Pink Sky graced the event. Sahil Baweja, Brand Owner, Boombox said, “Boombox is ready to redefine the dining and bar experience of partygoers in the royal city of  Patiala . We wanted to build upon the legacy of Boombox and fill in the void in  Patiala  of a premium bar and restaurant that is comfortable for a quick catch-up, a ...

Chandigarh :  The National Silk Expo, featuring the latest variety and new designs of cotton and silk handloom sarees for the festive and wedding season, has begun at Himachal Bhawan, Sector-28B here. The expo will continue till August 21.  Jayesh Kumar Gupta the organizer of the Expo said, "The Silk Expo offers an alluring collection of silk sarees made by weavers from different parts of the country. The exhibition has a wide range of beautiful sarees with a variety of designs, patterns, and colors." Organized by Grameen Hastkala, this expo has the Double Ikkat handmade Patola sarees from Gujarat , which take eight months to produce. Such a sari is woven twice with each thread dyed separately, and being pure silk, it is a bit expensive too. On the other hand, in the Paithani sarees of Maharashtra , the visuals of village life, the royal style of the kings, and Mughal art can be seen. The weavers of Banaras have done various experiments to ...

Zirakpur: At the grand opening ceremony of Mr. Singh's Tandoori Hut (Faridabad Wale) Restaurant, at SCO 2, LGF Kesri Plaza, VIP Road, Zirakpur, the outlet was inaugurated by Yadwinder Singh, MC Lohgarh, who is the brother of N K Sharma, Ex MLA, Halka Derabassi. As the chief guest, he cut the ribbon to announce open the unique outlet, which has a branch in Chandigarh . Mr. Singh's Tandoori Hut Restaurant offers vegetarian dishes similar to nonveg in looks, feel and taste. Hello Soya is one such popular dish. Other delicacies include veg Malai Chaap, veg Pomfret Fish, veg Surmai Fish, and veg KFC Nugget – a 100% vegetarian preparation. The restaurant is famous as ‘Mr Singh’s Tandoori Hut Faridabad Wale’.  Mahesh Kumar Chopra, Franchise Owner, said, "We are happy to bring the unique taste of pure Soya items to Zirakpur. The restaurant follows the Taiwanese concept. We will also provide a free tasting facility to anyone for a month.” Gurpreet and Kuldeep, Directors of M...

    Chandigarh :  Chandigarh ’s most extensive electric vehicle showroom, Shriji Enterprises was launched in  Chandigarh  recently. The showroom was inaugurated with pomp and show by Sanjiv Verma, National Head, and Pranesh, Sales Head, of Ampere (By Greaves). Shriji Enterprises is an authorized dealership of Ampere Electric Vehicles (EVs), an electric two-wheeler subsidiary of the 162-years old renewed brand, Greaves Cotton Pvt Ltd.  Puneet Mangla, Managing Director, Shriji Enterprises, stated that to overcome the swelling fuel cost and environmental pollution, the adoption of electric vehicles was the need of the hour. We got associated with Ampere (By Greaves) with a motive to address these issues for the residents of Tricity. Enayat Mittal of Shriji Enterprises said that Ampere (By Greaves) is providing very reliable and high-performing electric scooters. Its model - Magnus Ex is the high-speed, and Reo Plus is the slow-speed version of the EVs....

Kirit Joshi, Founder & Director of  Spacewood (right) showcases modular furniture at the unveiling of Spacewood's outlet at Sector 82, Mohali. Mohali:  Famous for stylish and niche office furniture, Spacewood has opened an outlet at Sector 82, JLPL, Mohali. “Spacewood has been a leading brand of modular institutional furniture in  India  for the last 25 years. This outlet will cater to the needs of Mohali and other adjoining markets including Panchkula and  Chandigarh ,” said Pankaj Arora, who owns the new outlet and will also run it. Kirit Joshi, who is the Founder -Director of  Spacewood, and was present at the unveiling of the experience centre said: “Spacewood is the fastest-growing brand of modular furniture in the country. It offers complete solutions for office and commercial furniture. It has a state-of-the-art factory located in  Nagpur , which is spread across 25 acres of land.”  The Mohali outlet is the 29th Experience Centre fo...

Chandigarh :  Galaxy Sivtek, carrying an experience of over 30 years in the screening industry, has launched a newly designed centrifugal Pneumatic Roto Sifter to enhance the screening process. Combining the best of qualities, Pneumatic Roto Sifter was launched at the 12th edition of PharmaTech Expo & LabTech Expo being held here. Company officials informed that the Sifter has proven to provide exceptional results in removing fine and minute foreign contaminants, scalping oversized particles, classifying and segregating raw materials, de-agglomerating dense lumps, and de-dusting raw materials. Moreover, it is also proficient at straining liquids that have high viscosity. “Pneumatic Roto Sifter is highly efficient in screening materials at negative pressures of up to 14 inch or 356 mm vacuum. The fine mesh screen on the sifter provides a wide range, as the size of the holes spans from 0.6 to 10 mm. It has applications across industries such as pharmaceuticals, paints...

  Chandigarh : In a bid to build an investment ecosystem for startups of the region, Punjab Angels Network (PAN) held the ‘Start-up Investment Summit’ here at Hotel JW Marriot in which around 250 investors, startups, bureaucrats and top businessmen participated. “An ecosystem and uniquely designed investment model is the need of the hour for the region. Startups are fast emerging as major job providers. They are the real cushion of the economy. They need to be helped. Due to knowledge gaps about emerging technologies and the way these are being harnessed by startups, funding of startups remains a challenge,” said Sahil Makkar, Chairman and CEO (CCEO) of Punjab Angels Network. Makkar, who is also a  chartered accountant, alumnus of Indian School of Business (ISB) and Executive Education from the Indian Institute of Management (IIM), Bangalore, said that the major problem which is creating hurdles in the growth of startups in the region is the fact that MSMEs, which a...

Kanwal Jeet Jawa, C MD, Daikin India  Chandigarh : Daikin Air-conditioning India Pvt. Ltd., a 100% subsidiary of Daikin Industries Ltd., Japan , the world’s no. 1 air-conditioning company launched a new range of split room ACs indigenously conceptualised and manufactured for the discerning Indian consumers. This new U Series range boasts of future ready technologies that empower the customers to manage the quality of air conditioning across their premises. K J Jawa, Chairman   & Managing Director, Daikin India , said, “At Daikin we have a Vision for – ‘Make in India ’ products that are designed to serve the needs of every Indian. With ACs now becoming a necessity, there was a need for a radical change in product innovation and standards in order to serve the emerging consumer aspirations. The new range of Daikin AC’s will empower the growing Indian population to upgrade from outdated and older technologies without any impact of high energy consumption charges.” “We h...