After government's measures like export ban and import from Pakistan, average wholesale prices of onion in Nashik district's various Agriculture Produce Market Committee (APMC) markets have come down by around 45 per cent to Rs 2,071 a quintal in the last three days.
Nashik-based Sula Vineyards, a leading premium wine brand company in the country, has now diversified into hospitality industry.
Workers of the Nashik plant had gone on an indefinite 'tool down strike' from May 4 in protest against the suspension of Mahindra Union president Madhav Dhatrak by the management and the company's alleged delay in signing a wage agreement for the past 22 months.
The S A Dave-headed mutual fund advisory committee has recommended to the Securities and Exchange Board of India that mutual fund investors pay the commission to distributors directly. Accordingly, mutual fund investors will have to give separate cheques to distributors as commission if Sebi approves this recommendation.
The company will open seven new super speciality hospitals at major locations across the country and increase the bed capacity of some of its existing super speciality hospitals at an investment of Rs 700 crore (Rs 7 billion) by 2010. Currently, the company has 17 super speciality hospitals with over 2,000 in-patient beds across the country, four in Bangalore, three in Mumbai, two each in Nagpur, Hyderabad and Kolkata, and one each in Rajkot, Surat, Bhavnagar and Nashik.
"With an aim to meet the market demand, the company is setting up a steel wire manufacturing facility at Sinnar, 30 kms from Nashik. The company has already acquired 44.65 acre of plot from MIDC at Sinnar and will shortly commence construction there. The proposed facility will cover a built-up area of 15,000 sq mts and company's investment in this project will be around Rs 300 crore (Rs 3 billion)," the company sources said.
As part of its expansion plan to strengthen its base in North Maharashtra, Saraswat Co-operative Bank Ltd (SCBL), the largest multi-state co-operative bank in the country with a business turnover of Rs 17,000 crore, has acquired the financially troubled city-based Nashik People's Co-operative Bank (NPCB) with 14 branches.
Amway India, a direct selling FMCG Company in the country, is all set to enter the Rs 500 crore (Rs 5 billion) colour cosmetics segment.
Investment in Maharashtra's wine industry has increased by 74.31 per cent to Rs 247.71 crore (Rs 2.477 billion) in the fiscal year 2006-07, compared to the previous fiscal, with the establishment of eight new wineries.
Nashik district, an Agri Export Zone (AEZ) for onion, grapes, keshar mango, pomegranates and flowers, is fast becoming the source of agri goods for retail companies such as Subhiksha and Reliance Retail.
Roots Corporation, a 100 per cent subsidiary of the Tata Group-controlled Indian Hotels Company, plans to open 29 new Ginger hotels across the country, including 12 in Maharashtra, in the next three years.
Roots Corporation Ltd, a 100-per cent subsidiary of the Tata Group-controlled Indian Hotels Company Ltd, will open its 'SmartBasics' hotel -- 'Ginger' at Nashik in the next couple of weeks.
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