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Latest News

  • 330

    JK Papers Ltd. said it will set up a new manufacturing plant in Gujarat at an investment of Rs. 1,500 crore.

    A memonrandum of understanding (MoU) has been signed with the Gujarat government to set up the new pant that will have an annual capacity of three lakh tons annually at a cost of Rs. 1,500 crore, JK Papers Ltd. said in a statement.
    The agreement would facilitate the expansion of JK Papers' Songadh unit in Tapi district. The Songadh unit will witness an increase in pulp processing capacity from 60,000 TPA (tonne per annum ) to 1,60,000 TPA and packaging board from 1,00,800 TPA to 3,00,800 TPA.
    The plant will focus on producing multi-layer coated board paper and will produce some paper for the first time in India, it said, adding that the full expansion of the plant is expected to be completed by December next year.
    Managing Director of JK Paper Ltd. Harsh Pati Singhani said,“The transparent policies of the government and the stable administration inspired us to invest in the state. Since Gujarat has been in the top 5 states in ‘Ease of Doing Business,’ an organization can think of long term investments in the state. I am thankful to the chief minister for encouraging and ensuring such a conducive environment.” 

     

    Fri, 05/07/2019
  • 322

    In India, first of July is observed as Doctor's Day. It is celebrated to emphasize the value that doctors hold in our lives and this day is meant to pay them respect for their selfless service.

    Not just doctors, the day is also meant to commemorate the medical industry and its advancements. Doctors' efforts in bettering people's lives through technology have been relentless in India and this day marks those accomplishments.

    Doctors, they are often given a god-like status in our country and that's not without good reason. Though if we talk about today, there are many doctors who are not particularly ethical, however, there are many, many who understand the true worth and value of the profession that they have chosen. Doctor's Day is precisely meant to celebrate and thank such doctors.

    As a matter of fact, Doctor's Day is celebrated on different dates in different countries across the world. In India, it is celebrated on July 1 because it is the birth and death anniversary of Dr. Bidhan Chandra Roy (Dr. B C Roy), one of the most famous physicians of India.

    It was started by the Government of India in the year 1991 to mark a respect for the great physician.
     

    Interesting facts about Doctor's Day
    In other countries, the day is celebrated on different days, such as in Brazil, it is celebrated on October 18, while in the US, it is celebrated on March 30.
    The symbol of Doctor's Day is a red carnation because the flower stands for love, charity, selflessness and sacrifice, traits that a doctor must hold.
    The first ever Doctor's Day was observed in the year 1933 on March 30 in the US state of Georgia. It involved sending cards to physicians and placing flowers on the graves of dead doctors.

    Sun, 30/06/2019
  • 323

    On July 1st, 1949, an act of Parliament gave birth to the Institute of Chartered Accountants of India (ICAI). Founded a year before the Constitution of the country was formalized, the ICAI counts itself among the oldest professional institutions in the country. It is the second largest professional accounting and finance body in the world in terms of members, with a current roster of about 2.5 lakhs members.

    The ICAI is the sole licensing and regulatory body for the financial audit and accounting profession in India, and its recommendations are followed by everyone – from the National Financial Reporting Authority (NFRA) to companies and accounting organizations. To be a part of the ICAI’s member list as a bona fide Chartered Accountant is a prestigious honor indeed – one that is celebrated every 1st of July, as the ICAI Foundation Day or, the Chartered Accountants Day.

    PM Narendra Modi tweets, "The hardworking fraternity of Chartered Accountants has been furthering the culture of honesty and better corporate governance in our society.
    CAs also play a key role in advancing economic prosperity. Today, on CA Day, my best wishes to all CAs for their future endeavours
    ."

    Sun, 30/06/2019
  • 321

    On this National Doctors' Day and National Chartered Accountants' Day, Pune's Stationery Superstore Venus Traders offers 10% discount on awesome writing instruments valid from JUNE 30 - JULY 7.

    Schools are open now! Students are probably feeling excited and maybe a little sad that summer holiday is over. Some kids feel nervous or a little scared on the first day of school because of all the new things: new teachers, new friends, and maybe even a new school.

    Here is also a good news for Pune citizens, In this back to school session Venus Traders is trying to delight its customers by providing awesome writing instruments on 10% less price.

    Venus Traders is one of the most trusted name in Pune's stationery world and meeting their customers every kind of  need regarding  stationery, writing instruments,  paper and office supplies.

    5 Stationery Superstores spread across prime locations in the city, Venus Traders is the Premium Dealer for anything and everything in stationery. More than 125 trained sales staff and a separate team for marketing in corporate sector is the added edge and that's the reason why more than 3500 customers visit  Venus Traders, everyday!

    Venus Traders 5 Stores around the Pune city:

    • Appa Balwant Chowk, Pune, Tel: 662 661 33 / 44 / 55
    • F. C. Road, Pune. Tel: 662 661 00 / 11 / 22
    • Kothrud, Pune
    • Seasons Mall, Magarpatta, Pune
    • Wanwadi, Pune

    E-mail : surendra@venustraders.in

    https://venustradersonline.com

     

     

     

     

    Sun, 30/06/2019
  • 310

    Consumers who purchase PIXMA G Series printers: G2010 and G3010 are offered with Timex Watch. The offer is valid starting from May 15th till July 31st, 2019. 

    Canon India has launched two exciting consumer offers focusing on the school and college students. Consumers who purchase PIXMA G Series printers: G2010 and G3010 are offered with Timex Watch. The offer is valid starting from May 15th till July 31st, 2019. Along with the offer, G Series range of printers are offered with “free installation”. PIXMA G Series range of printers are the next generation Ink Tank printers which have low printing cost at 9 paisa per page for Black printing. PIXMA G Series printers are capable to handle up to 275 gsm stationery for printing. These printers can also support A4 borderless color printing.

    Along with this, Canon India has also launched consumer promotion for E Series Ink efficient printers: PIXMA E560, PIXMA E470, PIXMA E410. These products are offered with US Polo Assn. school bag. This offer is valid since May 1st and will be available till July 31st, 2019. Consumers can avail the free gift upfront along with the product purchase. 

    C. Sukumaran, Director, Consumer System Products, Canon India said, “In our endeavor towards keeping the consumers delighted, we are excited to introduce the ‘Back to School’ offer which promises advantageous giveaways for the students. As a trusted companion to students, Canon India continues to enable them in their journey, towards building a progressive career. We are providing the students with a diverse product portfolio, meant for catering to their various curriculum needs and make them future-ready. We will continue to lead by innovation, such as integrated ink-tank, wireless and cloud printing along with attractive designs in our inkjet printers along with focus on harnessing customer relations by providing better products, offers and an exception aftersales support.

     

     

    Fri, 21/06/2019
  • 312

    International Paper currently owns approximately 30 million shares, or 75 per cent of the company.

    West Coast Paper Mills has agreed to buy shares held by International Paper for as much as Rs. 650 crore ending a seven-year-old controlling engagement with the Indian paper producer.  International Paper currently owns approximately 30 million shares, or 75 per cent of the company. Through this deal, the existing promoters (of International Paper APPM) - International Paper Investments SARL Luxembourg and IP International Holdings Inc USA – are selling their shares. 

    “Pursuant to Indian securities law requirements, WCPM will launch a tender offer to acquire up to all APPM shares owned by public shareholders, which represents 25 per cent of APPM’s outstanding shares. The closing of IP’s transaction with WCPM will occur following the completion of the tender offer and receipt of anti-trust clearance,” both the companies said.  Bank of America-Merrill Lynch was the sole advisor to International Paper in the transaction. 
     

     

    Sat, 08/06/2019
  • 311

    One school in northeast India has taken a novel approach to address the scourge of plastic waste by making its collection a condition of free attendance. Every week the 110 pupils at the Akshar Forum school outside Dispur in Assam state must bring up to 20 items of plastic gathered from their homes and the local area.

    "The use of plastics is rampant across Assam," said Parmita Sarma, who set up the project together with her New Yorker husband Mazin Mukhtar. Until last year schooling was completely free, but the school decided to introduce the plastic "fee" after a plea to parents to take part in a recycling scheme fell on deaf ears, Mukhtar told.

    "We tell (the parents) to send the plastics to the school as fees if you want your children to study here for free." In addition, the parents have to make a "pledge" not to burn plastics, said Sarma. The fact that the children now go from home to home asking for plastics has also increased awareness in the local area.According to local non-governmental organisation Environ, Dispur alone – home to just under a million people – produces 37 tonnes of waste rubbish daily, a seven-fold rise over 14 years. "Earlier, we used to burn the plastics and we had no idea that the gas emitted from that was harmful to our health and environment," said Menu Bora, the mother of one pupil.

    Wed, 05/06/2019
  • 308

    The capacity of Sirpur Paper Mills is being refurbished and we expect that it will be used for production purposes by October 2019, said AS Mehta, President, JK Paper, during a candid chat.

    The fourth quarter numbers are better than what we achieved in last three quarters because it was achieved despite a 9-day long shutdown, says AS Mehta, President, JK Paper. Mehta said the capacity of the Sirpur Paper Mills is being refurbished and we expect that it will be used for production purposes by October 2019.

     

    Q: How do you see your Q4 results in terms of revenue, EBITDA and margin?

     

    A: I consider the numbers of the fourth quarter, Revenue, EBITDA, PBDT, PBT and net profit, as better than the numbers that we achieved in the last three quarters. This quarter is better for us because it was a quarter we were able to produce beyond targets and improved on the profit as well as margin percentage despite a 9-9.5 day long shutdown.

     

    Q: What is your expectation for volume growth in the next 2 quarters?

     

    A:  We always believe that the Indian paper market will grow at the rate of 6-7 per cent and that is why we have always said that our growth rate should be better than the rate at which industry will grow. 

     

    Q: How much margins do you intend to maintain for the next few coming quarters, considering it increased well in the previous few quarters? 

     

    A: Right now, I can just say that we will try to bring at least a fraction of improvement on the margin percentage that was achieved this fiscal.

    But, I would like to say that every industry or sector has a pick margin level, a maintainable level and sustainable level.

    2018-19 fiscal has been a good fiscal for the industry and it will be good for the industry if we are able to maintain or better on the number.

     

     

    Fri, 31/05/2019
  • 306

    One student’s story to be animated and air on channel

    Pilot Corp. of America has signed on to Cartoon Network’s anti-bullying campaign for two years.

    As part of the Stop Bullying: Speak Up initiative Cartoon Network and Pilot Pen are distributing 500 bookmaking kits to classrooms and educators nationwide and asking students to write stories about how kindness and understanding stopped bullying before it started.

    Over the course of the two-year partnership, Cartoon Network and Pilot Pen will expand the reach of their joint initiative to erase bullying and encourage kids to speak up safely and effectively through various multimedia extensions, including “Stop Bullying: Speak Up” co-branded packages of Pilot’s FriXion erasable pens. The second annual writing challenge will resume in 2020 to continue to empower kids to tell their stories.

    The network will pick one story and animate it using Pilot Pen’s FriXion clicker erasable gel ink pens. The 30-second animated vignette will air across Cartoon Network’s television, digital and social properties during the back-to-school season in August and September.

    Pilot Pen has been running its own “Erase Bullying for Good" campaign. It will air its own commercial creative on Cartoon Network to align with the campaign in August and September.

    “At Pilot, we believe in the power of the written word to inspire and empower people of all ages to express themselves fearlessly, even in the face of bullying,” said Ariann Langsam, VP of Consumer Marketing, Pilot Corporation of America. “We’re excited to partner with Cartoon Network to expand our ‘Erase Bullying for Good’ campaign and be able to share this message of positivity with young people in their own words.”

    Over the next two years, Cartoon Network and Pilot Pen will employ new ways to highlight their effort to encourage kids to speak up safely and effectively. One way will be through co-branded packages of Pilot’s FriXion erasable pens that carry the “Stop Bullying: Speak Up” message.

     

    Thu, 30/05/2019
  • 307

    Shares dip as group also hurt by declining demand for lighters in North America

    Flagging sales of pens in India and lighters in North America knocked revenues at French stationery maker Bic at the beginning of 2019. The company, known for its ubiquitous biros and razors, said sales had fallen 2 per cent on a comparative basis to €415m in the first quarter of the year as its overall trading environment remained “challenging”.

    Pre tax income dropped 18 per cent to €55m as South American exchange rates and rising raw material costs weighed on its margins. Shares in Bic fell as much as 10 per cent in early Thursday trading, making it one of the worst performers on the Stoxx 600 index — second only to Finnish electronics group Nokia, whose shares plunged after an unexpected first-quarter loss.

    After a strong 2018 fourth quarter, and while the overall trading environment remains challenging, 2019 started with soft results impacted by stationery in India and lighters in the US,” said Gonzalve Bich, Bic Chief Executive.

    However, we maintained or grew market share in our three categories, and regained momentum in shavers,” he added.

    In India, Cello Pens, which Bic bought in 2015, saw a double digit drop off in sales as it sought to reduce shipments to so-called “superstockists”. Global stationery sales fell 6 per cent on a comparative basis, stripping out the impact of acquisitions and divestments.

     

    Thu, 30/05/2019

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