Free Press Journal
  • Indore: IDA to raise Rs 500 crore through bonds for Super Corridor’s development

    Indore: Indore Development Authority (IDA) has initiated the process of issuing development bonds to raise Rs 500 crore for development of Super Corridor.  The positive response to Indore Municipal Corporation (IMC) bond in capital market has encouraged the IDA to take the similar route to fund various developmental projects. The IMC had issued bonds to…

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  • Canadian companies keen to invest in Madhya Pradesh, says Jordon Reeves

    Indore: The Canadian companies are keen to make heavy investments in Madhya Pradesh in sectors like manufacturing, automobile, food processing, advanced farming, water conservation and advanced furniture manufacturing. Besides, Canada wants to contribute in social sector by providing nutritive food to infants and pregnant women. This was stated by Jordon Reeves, Consulate General of Canada…

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  • Indore: Digital banking revolution to be taken to villages

    Indore: The digital banking revolution started from metro cities and tire-II cities. Now, we are focusing to extend it to towns and villages. Awareness camps will be organised in Malwa and Nimar region. This was stated by Auro Kumar Mohapatra, Indore zonal manager of Bank of India, in an exclusive interview with Free Press. He…

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  • Indore: MP Government withdraws 60 acres land from Tata Group

    Indore: The state government has withdrawn 60 acres of land allotted to the Tata Group in Dewas. The land was given for setting-up industry but it was lying idle for over three decades. The state government can now use this land to generate investment of Rs 5000 crore. To attract investment in the state, the…

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  • Indore: MP Government withdraws 60 acres land from Tata Group  

    Indore: The state government has withdrawn 60 acres of land allotted to the Tata Group in Dewas. The land was given for setting-up industry but it was lying idle for over three decades. The state government can now use this land to generate investment of Rs 5000 crore. To attract investment in the state, the…

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  • Indore: Direct flights To Nagpur, Allahabad From today

    Indore: The city will get two new direct flights for Allahabad and Nagpur from tomorrow. The maiden flight bookings have received overwhelming response. The one-time fare for Allahabad is Rs 7,000 and Nagpur Rs 4,800. Jet Airways is launching the flights, which will operate on Monday, Wednesday and Saturday. The Indore-Nagpur flight 9W-932 will depart…

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  • Indore: 1% mandi duty proving costly

    Indore: The imposition of the mandi tax on supply of pulses brought from other states has adversely hit the pulses market and their processing units in the city. About 50% units have shut down while rates of the split pulses have moved by Rs 4 to Rs 5 per quintal. There are more than 200…

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  • Katni hawala case: Property attachment of Saraogi brothers gets nod

    Indore: In a jolt to three kingpins of Rs 500-crore Katni hawala case, Enforcement Directorate’s adjudicating authority has cleared attachment of land worth Rs 2.65 crore in Katni and Raipur. The trio had amassed property though money-laundering during demonetisation. The Katni Hawala case hogged limelight last year. Sources said that the ED’s adjudicating authority at…

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  • Indore: Now, 6th direct flight for Bengaluru from July 1

    Indore: There is good news for the frequent flyers to Bengaluru. IndiGo airline is going to launch its fourth flight for the capital city of Karnataka from July 1. With this, the total number of the flight operating for Bengaluru will be six. Owing to increased passenger pressure for the IT city Bengaluru, airlines are…

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  • Indore: Discontent brewing in MSME sector over maintenance charges

    Indore: The move of District Industries Centre (DIC) to recover maintenance charge from back date has anguished owners of Micro, Small and Medium Enterprises (MSME), who have raised protest against the levy. The MSMEs are major job givers. Their owners said DIC’s bid to recover the revise charges from April 2015 is unjustified. There are…

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  • Indore: City emerges as haven for smugglers

    Indore: The city, which is the financial capital of state, is fast emerging as the new metro destination for smugglers and custom duty evaders. Directorate of Revenue Intelligence (DRI) arrested over 12 people in the last four years and seized smuggled goods worth Rs 83.41 crore. The goods seized included gold, cigarettes, drugs and tyres….

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