BIZ BUZZ | Karvy regional office inaugurated | india | Hindustan Times
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BIZ BUZZ | Karvy regional office inaugurated

FINANCIAL SERVICES company Karvy's regional office was opened at DM Tower on Zanjirwala Square recently. Mayor Uma Shashi Sharma inaugurated the office and Omni Group of Hotels MD O P Suri was chief guest. Karvy chairman C Parthasarthi said that the office had been established to bring financial services at the disposal of the people of Indore.

india Updated: Apr 05, 2006 15:03 IST

FINANCIAL SERVICES company Karvy's regional office was opened at DM Tower on Zanjirwala Square recently. Mayor Uma Shashi Sharma inaugurated the office and Omni Group of Hotels MD O P Suri was chief guest. Karvy chairman C Parthasarthi said that the office had been established to bring financial services at the disposal of the people of Indore.

Hotel Omni executive director Sunil Suri informed that the office has a separate counter for women. Around 12 branches of Karvy would be controlled through this regional office. Karvy provides financial services like mutual funds, merchant banking, insurance equity placement, demat services etc. For further information one can log on to www.karvy.com.

Cathay-Pacific award for Frequent

TRAVEL AGENCY Frequent Travels won the Cathay-Pacific Outstanding award recently. Cathay-Pacific Airlines (Hong Kong) country head (marketing and sales) Jason Philip gave away the award to Frequent Travels MD J S Walia at a ceremony in Thailand. Airlines sales manager (Western India) Neil Andred, Jet Air Limited sales manager Iruch Irani and Cathay-Pacific sales manager (Madhya Pradesh and Chhattisgarh) A C Rajan participated in the programme.

AIMP opposes power tariff hike

ASSOCIATION OF Industries Madhya Pradesh (AIMP) has opposed the proposed hike in electricity tariffs announced by Madhya Pradesh Electricity Regulatory Commission recently. AIMP president Manohar Jhurani and secretary Vinay Kalani said that the government had applied minimum charges on demand based tariff and had made it mandatory for supply of more than 25 horsepower. They said that this would cause an increase of around 50 per cent in the electricity bills of small industries. AIMP has, therefore, asked the Electricity Board to review the electricity tariffs.

‘Indore needs a Pragati Maidan’

CONSUMER'S COUNCIL Madhya Pradesh has suggested that the district administration should develop a large ground for conducting cultural programmes, exhibitions and fairs. Council State president Hari Khandelwal mentioned in a press release that a ground must be developed on the theme of Pragati Maidan in Delhi or Mela Maidan in Gwalior. Khandelwal suggested that the grounds vacated by Bhandari Mill and Central Jail could be considered for this purpose.

These grounds are at a comfortable distance from railway station, bus stand and airport. The Bhandari Mill grounds would be very useful for traders, being near the railway station. Khandelwal added that Indore was developing at a fast pace and a ground for such programmes would add to its economic and all-round progress.

Indore Bank discount for disabled

STATE BANK of Indore announced discount on loan interest rates for physically challenged recently. The Bank has offered two per cent discount every year on loan amounts of up to Rs 50,000. The discount on interest rates would be one per cent for loan amounts above Rs 50,000 and up to Rs 2 lakh. Various branches of the bank at Vallabh Nagar, Laxmibai Nagar, Navdapanth, Kampel, Patrakar Colony, Mahesh Nagar and other places in the City have approved around 22 loan cases under this scheme. The Bank has sanctioned loan applications for over Rs 10 lakh by now. Bank District Convener Chandresh Thakkar was felicitated by the government for special contribution in the implementation of these schemes.

McDonald’s outlet opens

THE SECOND McDonald's outlet in the City was inaugurated at Sapna Sangeeta Multiplex compound on Monday. McDonald's managing director Amit Jatia inaugurated the outlet. Sapna Sangeeta Group head Sanjay Tolani was also present. The first McDonald's outlet was opened in Treasure Island Mall in December 2005.