NewsBizkoot.com

Category: Business

  • IDFC FIRST Bank Goes Live on GST Portal for Seamless Tax Payments

    IDFC FIRST Bank Goes Live on GST Portal for Seamless Tax Payments

    October 05, 2024,Mumbai, Maharashtra, India : IDFC FIRST Bank is pleased to announce its integration with the Goods and Services Tax (GST) portal, enabling seamless GST payments. Customers will now benefit from an intuitive, hassle-free payment experience, with instant payment confirmations and easy access to downloadable challans.

    This new integration allows IDFC FIRST Bank customers to pay GST through a variety of digital channels, including the Bank’s user-friendly Retail and Corporate Internet Banking platforms and its nationwide branch network.

    Mr. Chinmay Dhoble, Head – Retail Liabilities and Branch Banking, IDFC FIRST Bank, stated, “As a customer-first bank, we are committed to providing seamless, easy-to-use solutions to our customers. This integration with the GST portal is another step in our mission to offer universal banking solutions. Our aim is to ensure a quick, simple, and efficient tax payment experience. We encourage our customers to use this facility to easily pay their GST through IDFC FIRST Bank’s online and branch channels.”

    IDFC FIRST Bank is one of the select Scheduled Private Sector Banks to be authorised for GST collections, further underscoring the Bank’s commitment to providing comprehensive financial services to its clients.

    Steps to Pay GST Using IDFC FIRST Bank Internet Banking:

    Log in to the GST portal: https://services.gst.gov.in/services/login
    Create a Challan and select E-Payment via Net Banking
    Choose IDFC FIRST Bank as the payment option
    Complete the payment and download the GST paid challan

    Additionally, IDFC FIRST Bank is working with GST officials to introduce more payment options, including UPI and card payments.


    Praveen

  • LCAB Holdings Acquires Holt & Holt Drywall, Expanding Commercial Construction Services Across the Southeast

    LCAB Holdings Acquires Holt & Holt Drywall, Expanding Commercial Construction Services Across the Southeast

    Smyrna, GA, October 05, 2024 –LCAB Holdings, Inc., a commercial construction holding company based in Smyrna, GA, announces the acquisition of Holt & Holt, Inc., a leading drywall contractor in the greater Atlanta metro area and Southeast region. Holt & Holt has over 40 years of experience delivering top-quality drywall, metal framing, sheathing, insulation, and acoustical services for a wide range of commercial projects, including schools, churches, hotels, retail and office buildings.

    Holt & Holt has experienced impressive growth over the last four decades, earning a loyal client base that values reliability and excellence. As part of this acquisition, LCAB Holdings will maintain Holt & Holt’s high standards of service while integrating the business into its expanding portfolio of essential trades. To ensure a smooth transition, the outgoing president, Michael Holt, will remain active in the business during the transition period to ensure clients continue to receive the dependable service they expect.

    “I am proud of what the Holt and Holt team has accomplished over the years I led this organization and grateful for the partnerships we built with our trusted customers and suppliers. We are excited to see this company continue to thrive and grow in this next chapter under the leadership and support of LCAB.” said Michael Holt, Co-Founder of Holt & Holt, Inc.

    LCAB Holdings, is dedicated to simplifying the construction process for commercial developers. With a team of industry experts and a strong foundation from decades of military service, LCAB focuses on eliminating the complexities of managing multiple subcontractors, while emphasizing employee care and developing the next generation of skilled tradespeople. This acquisition is part of LCAB’s broader strategy to build a comprehensive portfolio of key trades in commercial construction.

    “Holt & Holt’s long-standing reputation and expertise align perfectly with LCAB’s vision for growth and service excellence,” said Mark Hall, CEO of LCAB Holdings. “We are excited to continue delivering exceptional results while expanding our reach across the Southeast.”

    LCAB Holdings is actively working on additional acquisitions, including plumbing, framing, general contracting and roofing, among others. These acquisitions will further strengthen its position in the industry.


    Praveen

  • Self-Storage Facilities Offer One Month Free Helene Relief Assistance

    Self-Storage Facilities Offer One Month Free Helene Relief Assistance

    Memphis, TN, October 05, 2024 — Properties managed by Absolute Storage Management and located in the path of Hurricane Helene are extending a helping hand to those affected by Hurricane Helene. To support communities in impacted regions, properties managed by Absolute Storage Management are offering One Month Free Storage with No Hidden Fees. This offer includes one month of storage, tenant insurance, a lock, and no administrative fees.

    This special promotion is available to anyone in need of storage as a result of Hurricane Helene. No proof of impact is required to take advantage of this offer, making it accessible to all.

    The offer is valid through October 7th, and exclusions apply based on availability. Residents seeking more information about rental availability and the discount should contact their nearest participating facility, which are listed alphabetically by city.


    Praveen

  • Argus Broker Affiliates Sell Minnesota Self Storage Facility

    Minneapolis, MN, October 05, 2024 –Matt Haugen, Alex Ihrke, Nathan Gottlieb and Tom Flannigan of Argus Self Storage Advisors are pleased to announce the sale of the Ridgewood Storage located in St. Joseph, Minnesota. The facility consists of 130 units and 20,200 rentable square feet of drive up self storage. Built with all-steel Trachte Building System materials, Ridgewood Storage provides quality storage options to the fast-growing St Cloud MN MSA. Haugen and his team represented the Seller and worked directly with the Buyer to complete the transaction. The Buyer is a local business owner and first time self storage owner.

    Matt, Alex, Nathan and Tom are the Minnesota, Iowa and North and South Dakota Broker Affiliates for the Argus Self Storage Advisors and specialize in Self Storage investment properties.

    Based in Denver, Colorado, Argus Self Storage Advisors (Argus) was formed in 1994 to assist owners and investors of self-storage with their real estate needs. Through the years, Argus has assembled a network of real estate brokers experienced in self-storage and income property investments. Now the largest self-storage brokerage network in the United States, the Argus network has 36 Broker Affiliates covering nearly 40 markets. These brokers are able to meet the needs of self-storage investors and owners whether it is acting as a buyer’s agent or listing and marketing a property.


    Praveen

  • Small Saving Scheme Interest Rate: Interest rate for October to December has been released, is there any change this time?

    Post Office’s Small Saving Scheme is also popular for investment . While this scheme offers high interest rates, it is also a scheme that gives guaranteed returns. The government updates the interest rates of this scheme every quarter.

    Recently, the government has updated the interest rates for the third quarter of the current financial year i.e. October to December. If you are also thinking of investing in a small savings scheme, then you should check its latest rates once.

    – Advertisement –

    What will be the interest rate this quarter

    The government has not made any change in the interest rates for the third quarter. This means that the investor will continue to get the same interest for the next three months as well.

    Schemes included in Small Savings Scheme

    Many investors are confused about which schemes are included in the small savings scheme. Let us tell you that this scheme includes Public Provident Fund ( PPF ), Senior Citizen Saving Scheme, Sukanya Samriddhi Yojana (SSY), National Saving Certificate (NSC), Post Office Time Deposit Scheme (PODT), Mahila Samman Saving Certificate and Post Office Monthly Income Scheme (POMIS).

    According to the table shown above, the highest interest is offered by Sukanya Samriddhi Yojana and Senior Citizens Savings Scheme. These schemes offer a high interest rate of 8.2%. On the other hand, PPF offers an interest rate of 7.1%.

    When was the last time the interest rate changed

    The government had increased the interest rates of small savings schemes on 31 December 2023. After this, the government has changed only the interest rates of RD and the interest rates of all other small savings schemes remained the same. There has been no change in the interest rates of Public Provident Fund for the last four years. The interest rate of PPF has remained at 7.1 percent since the April-June 2020 quarter.

    Related Articles:-

    PM Kisan 18th Installment: PM Modi transferred ₹ 2000 to the farmers’ account, check the status like this

    Life certificate: These pensioners can submit life certificate from October 1, government gives relief

    Indigo’s network went down, many services including ticket booking and check-in were disrupted


    – Advertisement –

  • Benchmark International Successfully Facilitated the Transaction Between Boost Strategy Partners, LLC and ImageTech Systems

    Winchester, VA, October 05, 2024 — Benchmark International has successfully facilitated the transaction between Winchester, VA-based Boost Strategy Partners, LLC (“Boost Strategy”) and Tampa, FL-based ImageTech Systems (“ImageTech”).

    Founded in 2016, Boost Strategy is an information technology (IT) service and consulting firm specializing in business process automation and digital transformation services that leverage Artificial Intelligence (AI). The company focuses on the value-added re-selling of Nintex software subscriptions and offers Nintex and SharePoint support and project services.

    “My experience with Benchmark International was exceptionally positive through all stages of the M&A lifecycle. Their team is professional, knowledgeable, and collaborative – and they provided me with invaluable guidance through every step of the process, from CIM development to the final transaction. I would highly recommend them to any business owner considering a partial or full exit.” – Founder and CEO Rob Hustick of Boost Strategy Partners, LLC

    ImageTech, backed by CAVU Capital of Tampa, FL, is a business process improvement and automation consultancy that provides organizations with turnkey solutions that lead to breakthrough results as high as 10 times ROI. Founded in 1994, they guide their clients through identifying, analyzing, improving, and automating core business processes. They leverage powerful automation platforms with the complete toolkit required to automate any business process.

    Boost Strategy and ImageTech have rebranded to become AiGS – Ai Global Solutions (“AiGS”). The combined focus remains to deliver exceptional service and support while expanding capabilities to include cutting-edge AI technologies and their existing process automation and data intelligence solutions portfolio.

    “Boost Strategy Founder and CEO Rob Hustick and his team have built a great business with strong customer relationships across various industries, including manufacturing, retail, technology, financial services, and healthcare. The quality of their work and service speaks for itself, with more than 80% of annual revenues coming from repeat customers.” – Sean Fechtmann, Transaction Director With Benchmark International


    Praveen

  • Chef Holdings, Inc. Announce CEO Transition

    Southlake, TX, October 05, 2024 — Chef Holdings, Inc., the parent company of CTI Foods, LLC, announced today a leadership change. Effective September 30, 2024, Tim LaLonde succeeds Terry O’Brien as CEO. Terry continues to serve on CTI Foods’ Board of Directors.

    Tim, who joined CTI Foods as CFO in July 2023, brings extensive food industry experience to his new role. He previously served as CFO of CP Foods North America, where he also led a frozen appetizer business that tripled EBITDA in three years. Tim also held CFO roles at WePackItAll and Hyde & Hyde/Latitude 36 Foods, as well as leadership positions at Eaton, Olam, Pactiv/Tenneco & ITT/Goulds Pumps, following four years in public accounting.

    “I am excited for what the future holds as we continue to innovate and deliver value to our customers and partners. I look forward to building on our success and helping lead CTI Foods into an even brighter future,” said LaLonde.

    In addition, the company announced that Corey Arrick has been named President of CTI Foods, LLC. Corey joined CTI Foods as COO in June 2023 from Thomas Foods USA where he led a fast-growing protein business. Corey also served as VP of Operations at CP Foods North America, overseeing processed poultry, beef, and frozen foods. His background also includes roles at Nestle, Campbell Soup, and Godiva, with expertise in operational excellence and a proven track record in driving business growth.

    “I could not be happier to see the continuity the Board has chosen in elevating Tim and Corey to CEO and President, respectively,” said O’Brien. “Both are proven, high integrity leaders who have both been instrumental in CTI’s success.”

    Headquartered in Southlake, Texas, CTI is a culinary-driven company that offers a diverse range of custom food solutions to the foodservice, retail, industrial, and co-manufacturing channels, including raw, pre-cooked, and fully cooked protein, dry sausage, soups, sauces, and dehydrated beans. CTI has six food processing facilities and over 1,200 employees across its Idaho, Iowa, California, Kentucky, and Texas locations.


    Praveen

  • 8th Pay Commission: Government employees expect salary hike before Diwali

    Good news has come for government employees in India. Amid rising inflation, there is a possibility of a salary hike for central government employees.

    According to information received from Finance Ministry sources, the government may make an important announcement on the occasion of Diwali, in which the basic salary of employees will be increased. This move is the result of a long-standing demand of employees who want an increase in their salary.

    – Advertisement –

    Expected changes in basic salary

    Central government employees of India have long demanded an increase in their basic salary. Currently, many employees believe that their basic salary should be at least Rs 26,000. This issue was also raised in the last budget session, but then the government did not take any concrete decision on it. Now, on the auspicious occasion of Diwali, this demand can be considered by the government, which can give great relief to the employees.

    Possible rates of salary increase

    According to sources, the increase that can be made in the salary of government employees can be between 20% to 35%. If this increase is implemented, it will directly affect the financial condition of the employees. For example, if the salary of Level 1 employees is currently around Rs 28,000, it can increase to around Rs 34,560. Similarly, the salary of Level 18 employees can increase to Rs 4.8 lakh. This will be an important change, which can be a cause of relief for employees, especially in this era of inflation.

    Discussion on the 8th Pay Commission

    So far, 7 pay commissions have been formed in India, of which the first pay commission was established in 1946. The most recent, i.e. the 7th Pay Commission, was formed on February 28, 2014. Now, discussions have started on the 8th Pay Commission and its files are being prepared. This new pay commission will directly benefit about 1.12 crore government employees and pensioners. The formation of the 8th Pay Commission is an important step, which is being taken to bring the salary and pension of government employees to a reasonable level. Through this commission, the salary and other facilities of employees working in various services will be reviewed.

    A new hope for employees

    The possibility of a salary hike before Diwali has brought a new hope for government employees. This will not only strengthen their financial condition, but will also provide them some relief amid the rising level of inflation. At this time, when the country’s economy is facing various challenges, this salary hike can also boost the morale of the employees. It will be very important for the government to take this decision, as it will not only benefit the employees, but it is also a part of the government’s social responsibility.

    Inflation has greatly affected the lifestyle of the common people, and a salary hike for government employees can be a solution to this problem. Overall, the news of the formation of the 8th Pay Commission and the possible increase in salary is a positive sign for government employees. The festival of Diwali is near, and a good salary hike at this time will definitely prove to be a big gift for the employees. Now all eyes are on the official announcement of the government, from which the employees are hoping that this hike will be implemented soon.

    Related Articles:-

    Small Saving Scheme Interest Rate: Interest rate for October to December has been released, is there any change this time?

    PM Kisan 18th Installment: PM Modi transferred ₹ 2000 to the farmers’ account, check the status like this

    Life certificate: These pensioners can submit life certificate from October 1, government gives relief


    – Advertisement –

  • Prime Minister Narendra Modi Inaugurated Mumbai’s First Underground Metro

    Prime Minister Narendra Modi Inaugurated Mumbai’s First Underground Metro; Ravin Group is proud to be a partner in the electrification of the Metro 3.

    Mumbai, October 5th, 2024:  Ravin Group is proud of being an associate and partnering with J Kumar & Mumbai Metro to contribute to the safety and reliability of Mumbai’s first underground Metro 3 (Colaba-Bandra-SEEPZ) or Aqua Line project.

    It was a proud moment when the Hon’ble Prime Minister Shri Narendra Modi inaugurated the first phase of this historic underground line on Saturday, October 5. Congratulations are due to the Government of Maharashtra, Mumbai Metro and all the agencies and persons who toiled relentlessly to overcome all the challenges and hurdles to start the operations of this line.

    In underground Metros, enclosed places, high rise buildings etc., securing lives and property from fire hazards are of paramount importance. Ignamo Fire survival cables from Ravin are designed to withstand the severest of fires for a period of 120 minutes and more without losing its circuit integrity, and at the same time do not emit smoke or toxic fumes when burning. They are designed, manufactured and tested in the most exacting conditions to meet the highest safety and performance standards and then installed under expert supervision.

    For the Metro Line 3, J Kumar Infraprojects Ltd in association with Ravin, played a key role in this milestone in Mumbai’s urban transformation. Once operational, the Metro 3 Aqua Line will provide seamless connectivity, ensuring safer and more efficient travel for commuters. Ravin Group is committed to supporting Mumbai’s growth and is ready to contribute to innovative electrical solutions as the city embraces this new transportation era.

    This feat highlights the technology and engineering skills that India possesses and we are humbled to be a part of this transformative advancement in the city’s transportation landscape, where quality, safety & reliability are non-negotiable.

    For a long period, specialty fire survival products were not manufactured in India, but Ravin overcame these challenges to commence complete manufacture in Maharashtra, and ensuring safety and reliability not just by supply but also in supervision of the installation of specialized fire survival and other cables for the underground stretch from SEEPZ to Bandra Kurla Complex (BKC) in Phase I, and then up to Colaba in Phase II.

    Ravin Group has been instrumental in carrying out various Extra High Voltage Projects in Mumbai, adding to more than 1800 MW of additional supply of electricity through its expertise in EHV EPC projects also.

    With over 73 years in cable manufacturing, Ravin Group is a leader in providing world-class cable solutions. The company has partnered on critical infrastructure projects globally, including the Jammu Baramulla Rail Corridor of which Chenab River Railway Bridge is an engineering marvel, various Metros in India like Pune Metro, Hyderabad Metro, Chennai Metro, Nagpur Metro etc., various airports like Delhi, Mumbai and now the new Panvel Airport, the entire Jio Complex including Jio World Centre at BKC, Khalifa Port in Abu Dhabi,  Doha Metro Rail, almost all major solar projects in India and in Africa & UAE, apart from Data Centers, and all major industries and utilities.


    Neel Achary