Today is the birth anniversary of Guru Nanak Dev. The whole country is paying tribute to the founder of Sikhism, Sri Guru Nanak Dev, who sacrificed his whole life to explain the real meaning of brotherhood and humanity to the world. All the leaders including Prime Minister Narendra Modi, Home Minister Amit Shah paid homage to the Sikh Guru on his birth anniversary. Let us tell you that Guru Nanak Dev spent the last 18 years of his life in Kartarpur Sahib. Born in 1469 AD in the village of Talwandi, now known as Nankana Sahib, located near the Ravi river in the Punjab province of Pakistan, Guru Nanak had contributed in every way to the betterment of humanity.
The PM tweeted and remembered the holy thoughts and great ideals of Shri Guru Nanak Dev Ji on the special occasion of Prakash Parv. Also said, ‘Nanak Dev Ji’s vision of a just, compassionate and inclusive society inspires us. Shri Guru Nanak Dev Ji’s emphasis on serving others is also very inspiring.
At the same time, Home Minister Amit Shah said, ‘Heartfelt greetings to all the countrymen on the occasion of the birth anniversary of the first Guru and founder of Sikhism, Shri Guru Nanak Dev Ji, a symbol of justice, religion and compassion. His supernatural teachings of social harmony, cultural unity and benevolence will always inspire us for national interest and public welfare.
Dhanteras 2021 Kartik Amavasya will remain on Thursday from 5:57 am to 2:37 pm on Diwali. Traders will get plenty of time to worship Lakshmi. Whereas on Dhanteras, merchants have a Muhurta of worship at their establishments from ten in the morning to four in the evening. There will be a Muhurat for shopping from 8.46 am to 10.10 pm. Abhijeet Muhurta will be from 11.11 pm to 11.56 pm. Amrit Muhurta will be from 11.30 to 12.56 in the afternoon. Shubh Yoga is from 2.20 pm to 3.43 pm and Taurus lagna is from 6.18 pm to 8.14 pm. Shopping at any time is auspicious. There is a law to worship Lord Ganesha and Goddess Lakshmi on Diwali. With the blessings of Lord Ganesha, there is a shower of prosperity and prosperity in the family throughout the year. Therefore, on this day, aarti should be done by worshiping Ganesh Ji and mother Lakshmi with family.
It is best to worship Deepawali in a stable ascendant: Astrologer Dr. Govind Raj Naunyal told that it is best to worship Diwali in a stable ascendant. This year, the fixed Ascendants are Scorpio Ascendant from 7:26 am to 9:43 am, Aquarius Ascendant from 13:36 to 15:07, Taurus Ascendant from 18:12 to 20:08, and Leo Ascendant from 12:40 to 02:54 at night. Therefore, it is best to worship in these marriages according to your convenience. Apart from this, worshiping from 16:18 to 18:42 in the evening of Pradosh is also very good.
Worshiped Ganga by lighting a lamp: Ganga Utsav program is being organized under the Namami Gange project under the aegis of Nehru Yuva Kendra on November 2021. The program to be held from November 1 to November 3, on the occasion of Amrit Mahotsav of Azadi, took place on Monday at Kiya Mora Mustakam of Ganga Deepotsav. The Ganga Deepotsav program, in village Mora Mustakam, lit the lamp by the youth and girls. After that Rangoli was made by lamps and offered to Mother Ganga. Ankit Kumar Gaur, District Youth Officer of the Center said that through such programs, youth become aware and responsible towards their society and country, not only in Moradabad, but this organization has the largest army of youth across the country. The District Project Officer of the Center, Rahul Pandey, while discussing the upcoming programs in detail, requested the youth to participate in the Ganga Utsav. Lalit Chaudhary, Rajni, Meenakshi, Saurabh, Amit, Faizal,
Bhai Dooj 2021 The festival of Bhai Dooj is being celebrated across the country including Delhi-NCR. According to expert priests, the best time for Bhai Dooj Saturday is from 1:10 pm to 3:21 pm. During this time, the commentary by sisters to their brothers will be very auspicious. Significantly, according to the Hindu calendar, every year the festival of Bhai Dooj is celebrated on the second day of the Shukla Paksha of Kartik month, which is on a Saturday. It is worth mentioning that on Bhaiya Dooj, sisters apply tilak to their brothers and wish them long life and happy life.
On the day of Bhaiya Dooj, all the buses of the DTC fleet hit the roads.
On the day of Bhaiya Dooj in Delhi, all the buses of the DTC fleet have hit the roads on Saturday. Strict instructions have been given to the officials to make the buses run on time. According to DTC, keeping in view the excess of passengers, to meet the requirement of DTC passengers, instead of the scheduled buses on Saturday, buses are being operated according to the prescribed number of working days.
Please tell that there are 3760 buses in DTC’s fleet. Keeping in view the Kovid-19, according to the guidelines issued by the Delhi Government and the Disaster Management Authority, passengers can travel on all seats, standing and traveling in buses is not allowed. Apart from this, instructions have also been given to all the concerned officers to ensure timely bus operation at the bus terminals falling in their respective areas. A senior DTC official said that the entire active fleet of DTC buses would be on the roads. The facility of traveling in buses is free for women in Delhi.
Govardhan Puja or Annakoot, the festival of the unique Leela of Lord Shri Krishna, is being celebrated today. According to the legend, Lord Krishna lifted the Govardhan mountain on his finger to quench the arrogance of Lord Indra. From that day the festival of Govardhan Puja or Annakoot is celebrated on the second day of Deepawali. On this day cows and food are worshipped. People make Govardhan mountain from cow dung or alpana in their homes. Shri Krishna is worshiped by offering the products of a new crop on this.
Govardhan Puja Greeting Messages….
1. He removes everyone’s sorrows to the tune of Bansi
Even today his Kanhaiya does many miracles
Wishing you a very Happy Govardhan Puja 2021!
2. May every happiness come to your door
get more than what you asked for
Sing Krishna Guna in Govardhan Puja
and celebrate this festival with joy
Happy Govardhan Puja 2021!
3. Chant Krishna’s name with love
every wish of the heart will be fulfilled
get absorbed in Krishna worship
His glory will make life happy
Hearty congratulations on Govardhan Puja.
4. Sandalwood Scent, Silk Necklace
fragrance of incense, spray of lamps
Heart’s hopes, love of loved ones
good luck to you
This festival of Govardhan Puja.
5. Murli Manohar, Heritage of the Bridge,
Wo Nandalala Gopala,
The one who takes away everyone’s sorrows on the tune of bansi,
Let’s all make a splash, that Krishna is coming
Wishing you a very Happy Govardhan Puja!
6. Raised a mountain on one finger to protect the people
To remind the same Kanhaiya, the day of Govardhan Puja has come
The pandemic saw a drastic fall in demand for designer wear as weddings and other celebrations were either postponed or scaled down massively. Till last year, the fashion industry was staring at losses and uncertainty. However, now with the festive and wedding season starting, things are looking up. After reopening their stores post the second wave, designers say they are again getting a good number of appointments and queries from clients.
‘Business is unexpectedly good’
“I have one retail store and I also operate from my studio in NCR, and the number of appointments we have been getting is unexpectedly good. When we reopened in mid-July, business was slow for a month, but things have turned around after mid-August. The upcoming festive and wedding season, and the fact that consumers are more confident about coming out and shopping are some of the reasons why business has picked up,” says designer Anju Modi. Adds designer Manav Gangwani, “While earlier families would buy a Rs 10 lakh lehenga without giving it a second thought, now the budget has come down to Rs 1-2 lakh. But there are orders coming in and we are hoping things will turn around in the coming months.”
How the lehenga turned out to be a saviour for fashion business during pandemic
If there’s one thing that hasn’t faded or lost its charm during the pandemic, it is the craze for wearing a designer wedding lehenga. Designers say that weddings have been a saviour for businesses during the pandemic. “It is true that the number of functions around weddings are far lesser and scaled down than what they used to be in the pre-pandemic era, but as weddings are now intimate, some families have more budget to spend on a designer lehenga. So, while the bride’s relatives might not be buying designer wear, the bride is still choosing her dream lehenga even if she has to spend a little extra on that,” shares designer Rina Dhaka, who has still not reopened her retail outlets, but “is doing decent business from appointments at her factory-cum-studio”. Designer Charu Parashar adds that she has been getting a lot of queries/orders for destination weddings. “Destination weddings seem to have picked up during the pandemic and along with bridal trousseau, there is also a demand for semi-formal/traditional designs,” says Charu.
‘Buyers are price conscious but there are more wedding orders than last year’
The one change that designers have noticed in consumers’ buying behaviour during the pandemic is that “most have become more price conscious and want to invest in designs that can be worn on several occasions”. Designer Gautam Gupta says that from his experience in the last few days he can say that “if things (number of COVID cases) continue to be what they are at present and we continue to remain open in the coming months, our business in the next three months could be 30-50% more than pre-COVID times. There were a lot of weddings that were postponed last year and are lined up in the coming months. So, the number of orders is going up. We are getting a lot of clients from cities like Jaipur and Raipur. Also, since there is still a fear of the third wave looming, people just want to complete their wedding shopping while everything is open. So, everyone wants us to deliver their orders in just a few days.”
THERE WERE A LOT OF WEDDINGS THAT WERE POSTPONED LAST YEAR AND ARE LINED UP IN THE COMING MONTHS. SO, THE NUMBER OF ORDERS IS GOING UP
‘Consumers check collections online, make appointments before visiting store to be safe’
Before confirming their appointment with designers, buyers are making sure that the store wouldn’t be crowded. They are also checking out the collections online, and making notes before visiting the store to reduce the number of outfits they try on. “In the last one year, clients have become very conscious and aware about their shopping experience. To maintain their safety, we are still not allowing walk-ins and take just two-three appointments in a day,” says Charu. Every garment that is put on display goes through a sanitisation process after every client visit, but in the case of couture where the “touch and feel factor” is important for clients, designers make sure that sanitisation is done carefully and in moderation. Rina says that sample designs in her store are used for trials, and once the order is confirmed, the design is made afresh to maintain safety. “Even the sample pieces that are on display go through the sanitisation process after almost every client visit. I am still operating from my studio, as it has a bigger space and social distancing is easily maintained, so at one point not more than one or two clients are there in the studio. People are stepping out to shop now, but safety is an important factor now in sales,” shares Rina.
Designer Leena Singh adds that as compared to her store in a mall, buyers prefer booking an appointment at her studio-cum-factory. “Buyers are still hesitant at coming to a retail outlet in a mall, where they feel the number of walk-ins will be higher. They prefer scheduling an appointment at a studio-cum-factory, where we meet clients with appointment. Safety protocols are very important for buyers now, but the good sign is they are coming out for shopping. I am even getting calls from NRI clients, who are keen to visit India soon for their wedding shopping,” says Leena.
Neeraj Kochhar Viraj Group uses all such parameters and strictly analyses the outcome while reporting the organization’s stature. We believe in the celebration of work but also use stringent standard checks to assure no compromise with quality is being done at any level. Every individual at Viraj Profiles receives equal respect and attention, personal growth is also one of our key commitments.
A successful organization comprises a dedicated team willing to perform and take challenges to achieve the envisioned goals. There can be multiple parameters of success for any organization. Many variables like profit ratio, product quality, organization’s goodwill, market share, and further prospects among others, collectively represent the organization’s prominence. However, one of the most testing determinants of a healthy and growing organization is the harmony among team members and the work environment.
FACTORS AFFECTING PROFITABILITY
The procurement of raw materials highly affects the cost-effectiveness of any organization. The stainless steel industry’s major raw materials namely are iron ore, coking coal, and limestone. Coking coal is mostly sourced from outside the country and hence incurs higher costs. Around 85% of coking coal required in domestic steel industries comes from import trade.
Other than raw material costs Chinese imports also impair the demand for Indian steel. The Indian government did impose tariffs to deal with cheaper Chinese imports but it still threatens the domestic industry’s market capture.
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Viraj profiles through rational choices eliminate extra costs that would add up such as transportation expenses. The organization is self-reliant in transporting raw materials and other needs.
The container yard and fleet of trucks are in close vicinity to the manufacturing units.
Container Freight Station at JNPT Nhava Sheva port eases the overseas transaction.
Usage of upgraded machinery such as Section Rolling Mill-level 2 automation increase the cost and time effectiveness.
WAYS TO OPTIMISE PROFIT
There are ways which one can imply to optimize profits. The different choices we make determine our success rate in comparison to the choices made by our competitors. Resource allocation in a disciplined manner while paying due attention to waste management helps in optimizing profit. Some of the ways of optimizing profit are –
Using upgraded pieces of equipment and technology such as a modern furnace.
Cost reduction in raw material procurement through developing ways of meeting raw material requirements from domestic production.
Investing in iron ore mines, biding in the auction, as and when the financial statements of organizations allow doing so.
It’s older than being penned in a Neeraj Kochhar Latest News section, but the reduction of freight cost is easily possible for Viraj Profiles as it has its own Container Freight Station at JNPT Nhava Sheva port.
Human resource is more valuable than any materialistic one. Choose your workforce wisely, the one you can rely on and grow together with.
The stainless steel industry is a multipurpose material. Increase involvement in industries that uses it to produce premium products.
WHAT DOES THE FINANCIAL STATEMENT TELL
Financial statements of business operations are like a tell-all reflection of the organization’s situation. If your statements are showing thin profit margins one might make out that in case of any uncertain downturn the company wouldn’t be able to sustain through it. Lowering the cost of production brings a substantial increase in the profit margins.
The cost break-up indicates what is taking up the majority of the expense columns. These too are dominated by the amount involved in gathering raw materials. In the market for the stainless steel industry the producer can neither manipulate the product price nor can it bargain on raw materials rate. The market decides the prices and not the producers.
Most of our coking coal comes from Australia. This is an expense we have no control over. Therefore, successful organizations like Neeraj Kochhar Viraj Group use effective measures to cut down costs in other departments like procuring other resources than coal from domestic produce, meeting transportation needs from inhouse trucks and port services.
HOW TO ANALYSE
Maintaining a larger profit margin is how you keep stepping up the ladder. But keeping that efficient gap between expenses and profits made is not a child’s play. In the Stainless Steel industry, the market is the bigger player in influencing the price. Therefore, it becomes vital for the management team to work on lowering the cost of production and gain the power to manipulate the price and chase out the competition.
These are some of the general parameters used while analyzing any stainless steel industry:
Market share ratio in reference to the market demand.
Sectors like infrastructure, automotive, food processing, housing among others drive the majority of stainless steel demand. Keep a check on demand growth in these sectors.
Review and analyze future demand and price growth predictions done by credible sources.
Creating a brand value for your organization helps it stand out from its competitors. Adding premium products range, expanding your operations rather than sticking to a certain sector are some of the distinguishable traits of successful organizations.
SOME HANDY TIPS
Regular market research and analysis to keep track of changes in price and demand.
Maintaining transparency swells up the credibility of the brand and attracts investors.
Collaboration and acquisitions also act as the make and break tools for growth and expansion.
The technological upgrade should be an integrated part of the work culture
Keeping eyes on coming opportunities and partaking in financial instruments like equity prepare you for calculative risk-taking.
Conclusion
Success has no set recipe that can be practiced, making sure the proportions are just like been told. One can find several anecdotal examples and get inspired from success stories posted over the internet. But every individual has to put in honest efforts and do things their way to advance towards success and keep at it.
Organizations should have a vision that keeps them motivated. Neeraj Kochhar Viraj Profiles have a vision, ‘To be counted amongst the most respected and preferred enterprises globally’ and they as a team have committed themselves to achieve it.
