Business Buzz 24

  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...

Chandigarh, October 1st, 2022 :  Having played a pioneering role in the growth of the real estate landscape of suburban areas of north  India , especially Zirakpur and different regions of  Punjab , through its meticulous planning and timely execution of projects, Royal Estate Group (REG) is now all set for a major expansion. Though Royale Estate Group is primarily a real estate company, REG founders also have a keen interest in various sectors like education, warehousing, hospitality, rice mills, film production, trading, manufacturing, energy, and horticulture. As a trusted name in the realty sector for more than two decades, REG has provided great service to its investors and customers. “We have been able to create a name for ourselves in the sector of realty development with our innovative project planning, project execution and timely delivery,” said Parveen Kansal, Chairman of REG. Neeraj Kansal, Managing Director, REG said, “REG is a zero-debt company wi...

Ludhiana : AIPL DreamCity Ludhiana, made the festival of lights, quite special for Ludhinavis by holding the ‘Diwali event By The Lake’. It was not only full of food and fun but a lot of exciting prizes too -- every hour, including two cycles.             “We wanted to make the Festival of Lights memorable and a yearly activity, wherein the entire  Ludhiana  can shop, eat and entertain. There were 50 stalls for shopping, and food - including a Food Truck, apart from a Live band and lucky draws,” said Hemant Gupta, President, Sales, AIPL,  Punjab . Festival of Lights By The Lake indeed added value to the festive moments with the entire township decked up for the occasion,” said Gupta. Starting from 3 pm, AIPL’s Festival of Lights celebration continued till 10 pm. The event was anchored by Karan Masala, while the live band by the famous Harman kept the audience engaged. The residents of DreamCity Ludhiana were overjoyed. “Diwali is...

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...

Ludhiana : Showing its commitment to giving back to the roots and firming up the Corporate Social Responsibility (CSR) ecosystem in Punjab, AIPL (Advance India Projects Limited), one of the most respected real estate developers, has joined hands with charitable organizations like Sikh Humanitarian Society and Shri Guru Granth Sahib Vidya Kendra to impart free education to needy children. AIPL is perhaps the only realty sector developer which organizes community kitchens on its sites for construction workers and office staff, catering to 2000 plus people every day.   “CSR is very close to our heart. It is an integral part of our mission statement and is non-negotiable. At AIPL, we believe in giving back to society and walking the talk to grow inclusively. We are focusing a lot on expanding the scope of our CSR in Punjab where our footprint is majorly increasing due to our delivered, ongoing, and upcoming real estate developments,” said Pankaj Pal, Group Executive Di...

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...

Chandigarh : Leading industrial body ASSOCHAM will play a proactive role in partnership with the state governments to accelerate the pace of economic development of the northern region comprising Punjab , Haryana, Himachal Pradesh and UTs of Chandigarh, J&K and Ladakh. A decision to this effect was taken at the first meeting of the North Region Development Council (NRDC) held here at Hotel Hyatt Regency Chandigarh on Saturday.   The Annual Compendium 2021-22 Xelerate North being unveiled by senior ASSOCHAM office bearers at the 1st meeting of ASSOCHAM'S North Region Development Council “The meeting has unanimously decided that ASSOCHAM should play a proactive role in the north region’s accelerated economic development. We will soon share our blueprint with the respective state government to decide the future course of action. As Covid-19 pandemic has paused and almost controlled thanks to massive vaccination drive, we need to focus on reviving the economy,” said Amrit Sagar...

  Chandigarh : P unjab economy will get a big push through the development of an Integrated Industrial Township , providing a major impetus to planned urbanization in the region with manufacturing as the key driver. The Royale Estate Group (REG) has already created a vision document of such a township and has also announced its plans of foraying into the same. A true Integrated Industrial Township should have residential complexes alongside industrial parks to provide not just housing for workers and talents but a holistic lifestyle of live-work-play. “There are multiple benefits of an Integrated Industrial Township . It not only gives a big boost to the economy of the state but also meets emerging challenges as a futuristic smart industrial city where you have the convergence of next generation technologies across all sectors,” said Neeraj Kansal, Managing Director, REG. Piyush Kansal, another Director at REG, talking about the trend of Integrated Industr...

  Chandigarh : Industry association ASSOCHAM congratulated Bhagwant Mann on being sworn in as the Chief Minister of Punjab and looked forward to working in close cooperation with his administration to build a stronger and future-ready state. "I congratulate Bhagwant Mann on being sworn in as the CM of Punjab. Punjab holds a vital role in the overall development of the nation and we at ASSOCHAM look forward to working with him and his team for creating more jobs and entrepreneurial opportunities for the youth of the state," said A S Mittal, Chairman ASSOCHAM North Regional Council. While congratulating Mann  for taking oath as Chief Minister of Punjab, Kulwin Seehra, Chairman ASSOCHAM Punjab Development Council said, “Punjab industry has a lot of expectations from Bhagwant Mann’s government and ASSOCHAM believes that he will bring a new revolution to the industry of Punjab with his new and energetic ideas.” He said the chamber would work shoulder-to-shoulder in prom...

  Chandigarh :  Startups of Punjab are expecting a lot from the state’s new Chief Minister, Bhagwant Mann, to accelerate their pace of expansion and growth, which will eventually help the state create jobs which is a pressing need. As the new CM took oath in Khatkar Kalan today, Punjab Startup Inc. announced a wish-list for the new CM. IT entrepreneurs of Punjab feel that startups have the potential to drive Punjab ’s holistic development sustainably. However, there are stumbling blocks that the new CM needs to remove. “The major issues needed to be addressed are making the International airport fully functional, technical workforce availability and technology ecosystem. A vicious circle of classroom teaching has been created course after course with department heads not encouraging students to opt for internships and jobs and pushing them for higher studies. As a result, there is always a workforce shortage in the IT industry. Tech education needs to be enabled at t...

  Chandigarh : In what is set to give a big boost to tricity’s economy and business ambience, Zirakpur's  Oxford Street has become a most sought after avenue for top global and national brands. The region’s first high street - a focal point for retailing – Oxford Street , offers the feel of a high street akin to those which exist in the United Kingdom .   A flagship project of Royal Estate Group (REG), which has been able to rope in all major brands and even Unicorns will soon be abuzz with business activities as the occupants are currently doing fit outs. “Presently, 15 brands are engaged in fit outs, while 10 others are in the pipeline,” said Piyush Kansal, Director, REG.  Some of the brands in Oxford Street that are in fit-out stage are Tata-Zudio, Reliance SMART, in clothing there's Jockey, Numero Uno. In the startup space there's the renowned unicorn Spinny. Barista, Brew Estate, La Pino'z in food and beverages are also conducting fit...

Business Reporter:  A unique radio cab app 'Book Fast' was unveiled here on Monday by three dynamic entrepreneurs of Chandigarh tricity. The app is all set to make rides for commuters in Chandigarh capital region to start with not only smooth and hassle-free, but also pocket friendly. The app was unveiled by N K Sharma, MLA of Dera Bassi.   It is noteworthy that the entrepreneurs already are in the travel trade with their own car fleets. This gives them a major advantage over other players.  “Booking a cab by using Book Fast is pocket friendly for users,” said Anand Pal, Director, CEO and Founder of Book Fast App. Added Pal, “Our model is also financially more beneficial for drivers, whom we consider our partners.” Rajesh Chopra, Director, Book Fast ,  said, “The outstation cab services will be available at one-way rates to anywhere, as our tagline suggests- 'Kahin Se Kahin Bhi'. We offer the outstation services at one-way rates itself. The other applic...