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Trade talk

Heavyweight HEC

Ranchi-based Heavy Engineering Corporation (HEC) bagged a Rs 28-crore order through competitive bidding to supply hi-tech wagon tipplers and pushers to Vishakhapatnam Steel Plant. The order involves designing, manufacturing, supplying, erecting and commissioning of tippers and pushers that unload coal, iron ore and dolomite from loaded wagons inside a steel plant. Unlike earlier versions, they will have remote-controlled features and online fault monitoring systems. With this, HEC’s order book position stands at Rs 1,501 crore. The public sector major’s CMD Visvajit Sahay also inked an MoU with Tajikistan’s industry minister Shavkat Bobozoda on industrial cooperation

Pocket-friendly phones

Panasonic India launched two affordable phones, GD31 and GD21, targeting youths, middle and lower-middle income groups. GD 31, costing Rs 2,190, falls in the category of a smartphone, with a good battery life, security features such as mobile tracker, security inbox and application privacy. GD 21, priced at Rs 1,790, has built-in audio and video players, 16GB storage and bluetooth headset. “The models are priced keeping in mind customer needs for affordable solutions,” Manish Sharma, Panasonic India MD, said

New shoppers’ den

Multi-brand showroom Fashion Bazaar opened doors on July 13 at Sakchi in Jamshedpur. Spread across 1,000sqft, the store has a wide range of apparels for men, women and children. Owner Surendra Singh said they opened the store keeping in mind the festive season ahead and opted for a multi-brand format to “have something for everybody”. The showroom also plans to launch various schemes for buyers

Banking on rural self-employment

Bank of India (BOI) hosted a two-day meet on July 8-9 for bank functionaries and directors of its rural self-employment training institutes (RSETIs) in Ranchi to improve their working. Welcoming delegates, BOI general manager Jain Bhushan stressed on making it sustainable. State development commissioner Sudhir Prasad stressed on training and credit linkage