Latest news with #forProposal
Time of India
3 days ago
- Business
- Time of India
Tourists to enjoy helicopter joyride near Boat Club soon
Nashik: Maharashtra Tourism Development Corporation (MTDC) decided to start helicopter joyrides for 15 or 30 minute slots at its Grape Park resort, located near Boat Club on the backwater of Gangapur Dam. Tired of too many ads? go ad free now The tourism development corporation took this step to boost tourism and enhance the accessibility of tourist attractions in Nashik. Apart from Boat Club and Grape Park resort, there are two major wineries near the Gangapur Dam that also serve as tourist attractions. Thousands of tourists from Mumbai, Pune, Gujarat, and other parts of the country visit daily. Apart from Nashik city, the helicopter joyride services are to be started at Malshejghat MTDC Resort, Karla, Lonar, Ganpatiphule, and Bhimashankar. MTDC officials said, "We have floated the Request for Proposal (RFP) for the appointment of operators for providing the 'helicopter joyride service' at select locations, including Nashik. The last date for submitting the RFP is June 25. The RFPs are to be opened on June 26." "If the operators are finalised, then the joyride services at Nashik Grape Park resort of the MTDC will start within three months," said the sources from MTDC. Maharashtra's diverse landscape, ranging from the Western Ghats and pristine beaches to UNESCO World Heritage sites, presents significant potential for heli-tourism. The project aligns with the state's vision to elevate its tourism offerings, attract domestic and international tourists, and foster economic development through sustainable and innovative travel solutions, said the MTDC officials.
Scoop
12-06-2025
- Business
- Scoop
Wool Carpet Decision A ‘Parachute' For Farmers
Press Release – Federated Farmers 'Our wool industry is in major freefall, and this move from Kinga Ora is the parachute we desperately need,' Federated Farmers meat and wool chair Toby Williams says. Kāinga Ora's decision to use wool carpet in its social housing is a massive win for wool growers but won't be enough to save the industry on its own, Federated Farmers says. 'Our wool industry is in major freefall, and this move from Kāinga Ora is the parachute we desperately need,' Federated Farmers meat and wool chair Toby Williams says. 'This will slow our drop a bit but, in reality, what we really need now is an updraft to lift wool back up into being the number-one fibre globally. 'It's certainly a massive step in the right direction, though, and we're very pleased with the announcement yesterday.' Williams says Kāinga Ora is New Zealand's largest landlord, so its contract has the capability to soak up large volumes of wool, which in turn will help drive up prices. As well as transitioning to using wool carpet in its new social housing, Kāinga Ora will also use wool carpet in existing homes if the whole house needs recarpeting, such as when renovating older properties. The decision comes after a recent Request for Proposal (RFP) inviting both wool and nylon carpet providers to tender for the supply of carpet and underlay in its properties. 'Last year Federated Farmers slammed Kāinga Ora for initially deciding to categorically rule out using woollen carpets in its social housing,' Williams says. 'Our homegrown wool is an incredible product and it beggared belief that Kāinga Ora weren't even giving wool the chance to compete against nylon products. 'That was a total slap in the face for struggling Kiwi sheep farmers and rural communities, and we made it very clear it was a ridiculous, short-sighted decision. 'It's great they saw sense and allowed wool to have a crack – and even better that a wool provider has won the contract. 'It just goes to show that when wool is given a fair chance, it comes out on top as a natural, sustainable and renewable alternative to cheap and nasty plastic alternatives.' Williams says the decision is the result of a massive collaborative effort across the entire wool industry. 'Federated Farmers and other groups have been working really hard for years to get the Government engaged with, and listening to, wool growers. 'We recently launched our SOS: Save Our Sheep campaign to hammer home the message that we need urgent action if we're to keep our sheep and wool industry from collapsing entirely. 'Farmers are sick of woolly ideas – they want solid actions like this. 'It just shows that strong leadership from the Government can be a factor in restoring confidence to our embattled wool industry.' Williams says the housing agency's decision is also a big step forward for environmental sustainability. 'Using cheap, nasty plastic carpets might save a few bucks, but at what cost to the environment? 'If Kāinga Ora had picked a fossil fuel-derived synthetic carpet over a sustainable New Zealand-grown woollen product, just because it's cheaper, it would have been a disaster.' Williams says he's also really pleased that high-quality, sustainable Kiwi wool will be in the homes of some of New Zealand's most vulnerable tenants. Kāinga Ora will transition to using wool carpet in its new homes from 1 July 2025, when the supply arrangements come into effect.
News18
10-06-2025
- Business
- News18
Protean eGov Tech Shares Jump 6% After Securing Rs 100 Crore Deal
Last Updated: Protean eGov Technologies shares surged 6% after the company secured a strategic Rs 100 crore contract from Bima Sugam India Federation Protean eGov Technologies Share Price: Protean eGov Technologies shares surged 6 per cent to an intraday high of Rs 1,009 on the BSE on Tuesday, June 10, following the announcement of a significant order win valued at around Rs 100 crore from the Bima Sugam India Federation (BSIF). In a regulatory filing to the stock exchanges, Protean eGov Technologies stated,'We are pleased to inform you that Protean eGov Technologies Limited ('the Company') has been awarded a prestigious and strategically significant work order valued at approximately Rs 100 crore, on June 9, 2025, by the Bima Sugam India Federation (BSIF) through the RFP process." The contract, secured through a competitive Request for Proposal (RFP) process, will see Protean serve as the Technology Solution Provider for the Bima Sugam digital marketplace platform. This comprehensive engagement covers the end-to-end design, development, implementation, support, and maintenance of the platform, including integration and marketplace protocol services. BSIF, a not-for-profit entity led by key players in India's insurance sector, governs Bima Sugam — a national initiative aimed at creating a unified digital marketplace for insurance products and services. The contract, valid for 72 months from the execution date, marks a major milestone for Protean, reinforcing its position in India's Digital Public Infrastructure (DPI) sector. Protean noted that this engagement further underscores its role as a trusted partner in delivering large-scale, citizen-centric digital services. Despite the recent rally, the stock has seen a sharp correction over the past year. It has declined by 12.62 per cent in the last 12 months, plummeted 50.82 per cent on a YTD basis, and fallen 50.47 per cent in the last six months. Over the past three months, the stock has dropped 31.73 per cent, and in the last month alone, it has slipped 24.87 per cent. First Published:
Time of India
08-06-2025
- Business
- Time of India
Tata-govt body bank guarantee case: HC refuses to intervene
Raipur: The Chhattisgarh High Court has disposed of a writ petition filed by Tata Projects Limited, which sought restoration of status quo, directing the company to seek remedy before the commercial court. The petition concerned the encashment of a performance bank guarantee of Rs 167.46 crore by the Chhattisgarh Infotech Promotion Society (CHiPS), the nodal agency for driving IT growth and implementing IT and e-Governance initiatives in the state. A division bench of Justice Narendra Kumar Vyas and Justice Amitendra Kishore Prasad heard the petition filed by Tata Projects. The company sought restoration of the status quo ante, asking for the return of the Rs 167.46 crore to State Bank of India and the issuance of an identical bank guarantee. Alternatively, Tata Projects requested CHiPS to deposit the amount in an interest-bearing account until the dispute's resolution. According to court records, CHiPS had issued a Request for Proposal (RFP) for the selection of a Master System Integrator (MSI) for the BharatNet Phase-II Project in Chhattisgarh. A dispute arose between Tata Projects and CHiPS during the commercial contract. Previously, Tata Projects had filed writ petition, in which a single bench of the high court on 2 July 2024, granted interim protection, restraining respondents from encashing the performance bank guarantee. This writ petition was later disposed of on 30 April 2025, with the court re-delegating the parties to approach the commercial court. Subsequently, Tata Projects filed an application under Section 9 of the Arbitration and Conciliation Act, 1996. The commercial court, on 3 May 2025, ordered an interim status quo regarding the invocation of the bank guarantee. However, after the respondents filed their reply, the commercial court disposed of the application on 6 May 2025, vacating the status quo order. The initiation of the bank guarantee encashment process led Tata Projects to approach the high court. Senior counsel Kishore Bhaduri, appearing for Tata Projects, argued that CHiPS's conduct was fraudulent and high-handed, misleading the court and misusing its power by attempting to invoke the bank guarantee. Counsel for the respondents and the state argued that the writ petition was not maintainable, as Tata Projects had remedies available under Section 9 of the Arbitration and Conciliation Act, 1996, or under the Chhattisgarh Madhyashtham Adhikaran Act, 1983. The high court observed that an arbitration clause existed in the agreement and that Tata Projects had already approached the commercial court. The court ruled that the writ petition was not maintainable at this juncture. However, it granted Tata Projects the liberty to pursue statutory remedies before the commercial court. The court also clarified that the respondents were free to raise objections regarding the maintainability of any application. The High Court directed the commercial court to consider and decide any interim application or application under Section 9 of the Arbitration and Conciliation Act, 1996, filed by the petitioner expeditiously and in accordance with the law. The high court also made it clear that it had not expressed any opinion on the merits of the case, leaving it to the commercial court to decide independently.
Time of India
08-06-2025
- Business
- Time of India
Chhattisgarh high court declines to intervene in tata projects and CHiPS bank guarantee dispute
RAIPUR: The Chhattisgarh high court disposed of a writ petition filed by Tata Projects Limited, directing the company to seek remedy before the Commercial Court. The petition concerned the encashment of a performance bank guarantee of Rs 167.46 crore by the Chhattisgarh Infotech Promotion Society (CHiPS), the nodal agency for driving IT growth and implementing IT and e-Governance initiatives in the state. A division bench of Justice Narendra Kumar Vyas and Justice Amitendra Kishore Prasad heard the petition filed by Tata Projects. The company sought restoration of the status quo ante, asking for the return of the Rs 167.46 crore to State Bank of India and the issuance of an identical bank guarantee. Alternatively, Tata Projects requested CHiPS to deposit the amount in an interest-bearing account until the dispute's resolution. According to court records, CHiPS issued a Request for Proposal (RFP) for the selection of a Master System Integrator (MSI) for the BharatNet Phase-II Project in Chhattisgarh. A dispute arose between Tata Projects and CHiPS during the commercial contract. Previously, Tata Projects filed a writ petition, in which a single bench of the high court on 2 July 2024, granted interim protection, restraining respondents from encashing the performance bank guarantee. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo This writ petition was later disposed of on 30 April 2025, with the court re-delegating the parties to approach the Commercial Court. Subsequently, Tata Projects filed an application under Section 9 of the Arbitration and Conciliation Act, 1996. The Commercial Court, on 3 May 2025, ordered an interim status quo regarding the invocation of the bank guarantee. However, after the respondents filed their reply, the Commercial Court disposed of the application on 6 May 2025, vacating the status quo order. The initiation of the bank guarantee encashment process led Tata Projects to approach the highcourt. Senior Counsel Kishore Bhaduri, appearing for Tata Projects, argued that CHiPS's conduct was fraudulent and high-handed, misleading the court and misusing its power by attempting to invoke the bank guarantee. Counsel for the respondents and the state argued that the writ petition was not maintainable, as Tata Projects had remedies available under Section 9 of the Arbitration and Conciliation Act, 1996, or under the Chhattisgarh Madhyashtham Adhikaran Act, 1983. The high court observed that an arbitration clause existed in the agreement and that Tata Projects already approached the Commercial Court. The court ruled that the writ petition was not maintainable at this juncture. However, it granted Tata Projects the liberty to pursue statutory remedies before the Commercial Court. The court also clarified that the respondents were free to raise objections regarding the maintainability of any application. The high court directed the Commercial Court to consider and decide any interim application or application under Section 9 of the Arbitration and Conciliation Act, 1996, filed by the petitioner expeditiously and in accordance with the law. The high court also made it clear that it did not express any opinion on the merits of the case, leaving it to the Commercial Court to decide independently.
