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Business Economy


Armines Industries launches new, ready-mix plaster plant in Cacoda Industrial estate

Margao, Aug 17 (UNI) Goa based Armines Industries recently launched a first-of-its-kind, ready-mix plaster manufacturing factory in the Cacoda industrial estate.
In a statement on Saturday, Arman Bankley, Managing Partner, Armines Industries said he had learnt about the demand for pre-mix plaster in Oman and its technology of mechanised application at construction sites while participating in a recent, Vibrant Goa Middle-East road show.
The new factory will have the monthly capacity to produce up to 300 tonnes of ready-mix plasters, jointing mortar, tiles adhesive and masonary mortar. The release added that all these products were ready to use, eco-friendly, extremely durable and eliminated the traditional method of plastering walls.
Bankley said, “A 40 kg bag of ready-mix plaster eliminates the labourious task of procuring and mixing of sand and cement. You need to just add ten litres of water into the bag containing the ready mix, sand and cement and you get a balanced mixture to plaster the walls with water proofing and anti-shrinkage German polymers.”
The new factory was inaugurated jointly by Dr Jagat Shah, founder and chairman, Vibrant Markets and Pravas Naik, chairman, Nanu Group last week.
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Finance Secretary launches Baroda Startup Banking in 15 cities

26 Feb 2020 | 7:41 PM

New Delhi, Feb 26 (UNI) Baroda Startup Banking, a flagship initiative of Bank of Baroda, was inaugurated on Wednesday to make the bank a preferred banking partner for the startup community and establishing connect with at least 2000 start-ups over the next two years.

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GDP growth to stay flat at 4 5 pc in Quarter 3 of FY20: SBI economists

GDP growth to stay flat at 4 5 pc in Quarter 3 of FY20: SBI economists

26 Feb 2020 | 7:16 PM

New Delhi, Feb 26 (UNI) The GDP growth of India will stay flat at 4.5 per cent in the October-December 2019, economists at SBI said on Wednesday,
'Our composite leading indicator (index of 33 major leading indicators) suggests that GDP growth will remain flat at 4.5 per cent as in Q3 of FY20,' the Economic Research Department of State Bank of India said.

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Sitharaman stresses on use of local language in banking

26 Feb 2020 | 7:00 PM

New Delhi, Feb 26 (UNI) Finance Minister Nirmala Sitharaman on Wednesday appealed to the banks to reach out to the customers at the branch level and stated that every branch should have employees, who know the local language and all employees should know about the government schemes.

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India, US should tackle irritants for $500  bln trade

India, US should tackle irritants for $500 bln trade

26 Feb 2020 | 6:57 PM

New Delhi, Feb 26 (UNI) India and the US need to focus on tackling some of the irritants to unleash the full potential of their economic relationship and work out a trade deal that can open markets in both countries, says a report by the Confederation of Indian Industry in association with US India Business Council.

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Piramal Glass to invest Rs 300 cr for expansion of Jambusar plant in Gujarat

26 Feb 2020 | 6:49 PM

Bharuch, Feb 26 (UNI) Piramal Glass Ltd (PGL), a global specialist in design, production and decoration of niche glass packaging solutions for high-end cosmetics & perfumery, specialty food & beverage and pharmaceutical industries, on Wednesday announced an investment of Rs 300 crore, for the expansion of it's greenfield project in Jambusar at Bharuch district of Gujarat.

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