Chandigarhnews

  Pune, April 26, 2023: The Board of Directors of Poonawalla Fincorp Limited, a non-deposit taking systemically important NBFC, focusing on consumer and MSME finance, today announced its audited financial results for the quarter and the year ended March 31, 2023. Key Highlights – Q4FY23 (Standalone): Assets: • Highest ever quarterly Disbursements at ₹ 6,371 crore, up 151% YoY and 89% QoQ. • Assets Under Management (AUM) at ₹ 16,143 crore, up 37% YoY and 16% QoQ. • Direct Digital Program (DDP) contribution in disbursements increased to 81% in Q4FY23 as compared to 66% in Q3FY23 and to 24% in Q4FY22. Asset Quality: • Gross NPA at 1.44%, reduced 185 bps YoY and 25 bps QoQ. • Net NPA at 0.78%, reduced 52 bps YoY and 11 bps QoQ. Profitability: • Highest ever PAT at ₹ 181 crore for Q4FY23, up 103% YoY and 20% QoQ. For FY23, PAT stood at ₹ 585 crore, up 100% YoY. • Highest ever Return on Assets (RoA) for Q4FY23 at 5%, up 178 bps YoY and 53 bps QoQ. For FY23, RoA stood at 4.4%,...

Chandigarh, 25th April 2023:Canara Bank Regional office, Chandigarh organized a Mega Retail Expo for Housing, Vehicle, Education, Canara Mortgage, Personal & Canara Rent Loans at their Sec-34 A, Chandigarh, Circle Office today. Top builders and Car Dealers of Tricity Chandigarh participated actively in the event. The event was graced by Sh. Ravi Prakash Jaiswal, General Manager from Head Office, Bengaluru, Smt. Salina Goyal, General Manager & Circle Head, Chandigarh. They both went around the expo interacting with the customers and visited the stalls at the expo. The builders and Car dealers present at the expo displayed salient features of their products at their stalls. The bank displayed its Retail Loan Products and educated the customers and participants about them. The event saw a good number of footfalls of customers and fresh leads were generated for home loans, vehicle loans and education loans. Other dignitaries present at the Expo were Sh. Shai...

On a pleasant morning with dewy petrichor post  the rain, forty (40) Lady Golfers participated in  Lady Captain’s Day 2023 Tournament in a stableford format. They painted the course lilac with their T-shirts! Ashu Singh, the Lady Captain  of Chandigarh Golf Club did the ceremonial Tee- off.  Harinder Grewal was declared the winner, Minna  Singh was the first runner up and Hanima Grewal the second runner up. Harinder Grewal bagged  prizes for Straightest Drive as well as Nearest to  the Pin. In the Junior Girls Section Gross Prize was bagged  by Mehr Nijjar while Nadr Kaur was declared  Runner Up Gross.

Chandigarh : The Federation of Indian Chambers of Commerce and Industry (FICCI) is organizing a seminar on 'New Age Risks' on April 19, 2023, at FICCI, New Delhi. The seminar aims to discuss and debate the trend of traditional risk parameters and emerging risks that may impact the industry and overall working environment. The highlight of the event will be the launch of the ‘India Risk Survey 2022 Report’, jointly released by FICCI and Pinkerton. The report sensitizes stakeholders about the emerging risks, enabling well-planned and strategic policy decisions. India Risk Survey 2022 report is expected to provide valuable insights and actionable recommendations for businesses to better understand and mitigate risks in the dynamic business landscape of India. The event will bring together industry leaders, policymakers, experts, and stakeholders to engage in meaningful discussions and chart a path towards building a more resilient and risk-aware business environment.  ...

Chandigarh:   EO, GMADA has initiated the action of resumption of site in haste and arbitrarily. The matter is sub-judice before the appellate authority as WTC Chandigarh has already filed an Appeal under sec 45(5) of the Punjab Regional and Town Planning & Development act 1995 challenging the illegal action of EO, GMADA.   Against allotment of plot for Rs. 131 Cr in September 2015, WTC Chandigarh has already paid Rs. 108 Cr to GMADA within the allowable time period extending to June 2026. Further, WTC Chandigarh has been regularly highlighting to GMADA the discrepancies in their calculations and delay in grant of PTM by GMADA against executed termsheet since 2022.   The project is at a finishing stage, with more than 100% of receipts utilised towards project related expenses with significant future receivables and stock more than sufficient to cover any and all expenses.   It is pertinent to mention that notices to various other developers / allottee...

Ho Chi Minh City  Vietnam,11.04.23- City based dentist Dr Sarabjeet Singh and Dr Navreet Sandhu participated at 19th Indian Orthodontic Society Mid Year Convention at Ho Chi Minh City ,Vietnam on 11th April,2023 . Dr Sarabjeet Singh is Ex Vice President of IOS and chief convenor of Chandigarh Orthodontic Study Group. He spoke on the newer,faster and painless braces technique of Speedo-Orthodontics, where the braces treatment is highly aesthetic,fast , painless and very comfortable for patients. Dr Navreet Sandhu an implantologist and Prosthodontist from The Perfect Smile Dental Clinic ,Chandigarh also emphasized on the role of multidisciplinary approach in Orthodontics. The dignitaries present were Dr Balvinder S Thakkar(President,IOS),Dr Dong Kak Tham(President, VAO),Dr Jayesh Rahalkar(President Elect,IOS) along with Dr Anshu Kalra,Dr Sukhdeep Kahlon from Organising side. More than 80 Doctors from across the globe participated in this international conferen...

CHANDIGARH: Videsh Vidya team heartily welcomes and Felicitates the Founder and Promoter of Videsh Vidya Mr. Krishna Murthy Sagaram from Canada, an expert in advising about study visa, investor visa and business visa to Canada. We are happy to extend our invitation to those interested in availing those opportunities in Canada may visit to SCO 2923-294, Sector 22 C, Chandigarh. Videsh Vidya is the pioneer in offering Visa Service in the Immigration sector at an affordable cost. Notable proficient industry professionals are present to offer their experience in education and migration placements. We offer complete assistance to the clients like you and make your dream come true with effective steps. Videsh Vidya is a respected firm that has already provided high-quality, dependable immigration services to Millions of students seeking higher education.  Our team thoroughly reviews the merits, abilities and shortcomings while choosing the best courses and process...

Mohali, India -  We are proud to announce that our Director and Group CEO Mr. Simarpreet Singh, has been featured in the book “Sikh Business Leaders of India” by Outlook India which highlights the remarkable role played by Sikhs towards India's economy. The book features 51 inspirational and motivational sagas of dauntless Sikh heroes who have contributed immensely to society while following the tenets of Sikhism. Haryana’s Chief Minister Shri Manohar Lal Khattar ji released the book 'Sikh Business Leaders of India published by OUTLOOK media group in Delhi on 30th March 2023. S. Simarpreet Singh is a young and dynamic Indian entrepreneur who is on a mission to create a better and sustainable world for future generations. As the Director of Hartek Group, he has been instrumental in driving the company's growth and success in the clean energy and sustainability sectors. As the Founder and CEO of Hartek Solar, the company installs rooftop solar projects across Indi...

31/03/2023 - Mohali, India, Hartek Solar, the renewable and solar EPC business unit of the Hartek Group, has been awarded a contract by SJVN Green Energy Limited to build a 22 MW floating solar PV power project at Nangal Pond, District Bilaspur, Himachal Pradesh. This project, upon commissioning, will become North India's largest floating solar power plant. The Project has been awarded by SJVN Green Energy Limited which is a wholly-owned subsidiary of SJVN limited. SJVN Limited, formerly known as Satluj Jal Vidyut Nigam, is an Indian public sector undertaking involved in hydroelectric power generation and transmission. The scope of the project includes complete EPC of the floating solar plant with 15 MW AC and comprehensive operation and maintenance. The project is expected to have a DC capacity of approximately 22 MW and generate 33 million units of power output per year. This will significantly contribute to India's decarbonization efforts and help the country ach...