
Morabadi vendor market remains unused months after completion
2
Ranchi: The much-awaited Morabadi vendor market, constructed by Ranchi Municipal Corporation (RMC) to decongest roadside vending in the area, remains unused even months after its completion.
Despite the market infrastructure being ready, vendors are still operating on footpaths, raising concerns over the project's delay.
The market, built at a cost of around Rs 1.36 crore, is designed to rehabilitate over 218 vendors, mostly those selling fruits, vegetables, and street food near Morahbadi grounds.
The market has been constructed with separate sections for different categories of vendors, provision for drainage, overhead sheds for weather protection, and LED lighting for night operations.
The RMC has also planned to deploy guards and caretakers to maintain hygiene and order in the market.
However, vendors allege that despite assurances, the shifting process has not started. "We are ready to shift if RMC gives us proper space. But they keep delaying it. We don't know when this will actually happen," said Ramesh Shah, a fruit vendor near the market.
According to RMC officials, the final leg of civil work was recently completed.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Đây có thể là thời điểm tốt nhất để giao dịch vàng trong 5 năm qua
IC Markets
Tìm hiểu thêm
Undo
Nikesh Kumar, assistant municipal commissioner, said, "Some minor work was pending, which is now done. We are planning to shift the vendors to the new market within this week."
According to the National Urban Livelihood Mission (NULM) cell of RMC, vendors who were previously operating in the Morabadi area before March 5, 2022, were eligible to apply, provided they had PM SVANidhi registration and prior identification documents issued by RMC.
Initially, 418 applied in April, out of which 169 were shortlisted based on eligibility in June. Since then, the wait for shifting is not over yet.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
34 minutes ago
- Business Standard
Tejas Networks Q1 results: Weak demand leads to ₹194 cr consolidated loss
Domestic telecom gear maker Tejas Networks posted a consolidated loss of Rs 193.87 crore in the first quarter ended June 2025, mainly due to a decline in sales, the company filing said on Monday. The company, which supplied 4G gears to state-owned BSNL, had posted a profit of Rs 77.48 crore a year ago. The consolidated revenue of Tejas Networks plunged about 87 per cent to Rs 202 crore during the reported quarter from Rs 1,563 crore in the June 2024 quarter. "We won orders for our routers for Bharatnet Phase 3 and optical equipment from private operators in India. Our shortfall in revenue was due to delays in the receipt of a few purchase orders, including the expansion order from BSNL," Tejas Networks COO Arnob Roy said in a statement. Tejas Networks chief financial officer Sumit Dhingra said a net loss of Rs 194 crore was largely due to lower revenue. "We ended the quarter with an order book of Rs 1,241 crore, representing a quarter-over-quarter growth of 22 per cent. With the award of the expansion order of 18,685 sites of BSNL 4G to TCS, we expect to receive the corresponding PO (purchase order) for supply of RAN equipment worth Rs 1,526 crore," he said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Indian Express
35 minutes ago
- Indian Express
Tesla's Mumbai showroom opening almost here: Why did its India debut take years?
Elon Musk-founded Tesla is all set to open the doors of its first-ever showroom in India. The EV maker is scheduled to inaugurate its showroom in Mumbai on Tuesday, July 15. The store is located at Bandra Kurla Complex, the city's leading commercial business district, according to an invite sent to media houses. Tesla also operates a service and warehouse centre that is located around six kilometres away from the showroom. Over the past few months, the company has been importing vehicles, chargers, and other accessories worth over $1 million into India from China and the US, according to a report by Reuters. Based on documents, the report said that the import shipments included six of Tesla's best-selling Model Y. Hence, these cars can be expected to be on display at the showroom. Over three dozen people have reportedly been hired to work at the Tesla experience centre in Mumbai, including board store managers as well as sales and service executives. It has also advertised for vacancies for supply chain engineers and vehicle operators responsible for collecting data for its autopilot feature. Tuesday's inauguration officially marks Tesla's entry into the world's third-largest car market. It comes at a time when the EV maker is grappling with declining sales in key markets like China. It is also facing issues with excess manufacturing capacity. Since Tesla will be selling imported cars in India, it will reportedly need to pay about 70% import duty and other levies. CEO Elon Musk has previously complained about India's high import tariffs. Additionally, the showroom has received clearance from the authorities. 'A trade certificate has been granted to Tesla India following due inspection of the facilities mentioned in their application,' a senior Regional Transport Office (RTO) official was quoted as saying by PTI. 'This includes the showroom, vehicle parking area and warehousing facility,' they added. Meanwhile, a newly created Tesla India handle on X posted: 'Coming soon'. Coming soon — Tesla India (@Tesla_India) July 11, 2025 In 2016, Musk had announced that pre-bookings for its Model 3 would be available for customers from many countries outside North America, including India. Soon, many customers in India put up a refundable deposit of $1000 (approx. Rs 85,000 at current exchange rate). Earlier this year, the company initiated refunds to those who had paid the reservation fee as the Model 3 has now been discontinued. 'We would like to return your reservation fee for the time being. When we finalize our offerings in India, we will reach out in the market again. We hope to see you back with us once we are ready to launch and deliver in your country,' Tesla said in emails to the early bookers, according to a report by Bloomberg. Tesla has long expressed interest in India. However, its plans to start commercial operations in the country were delayed due to government policies and import duty concerns. Once the world's top EV seller, Tesla is facing increased competition from Chinese EV makers, particularly BYD, as global EV sales growth has tapered. BYD is said to have an edge in terms of auto technology as well as pricing. It reported sales of over 318,000 passenger vehicles in February, up over 150 per cent from a year earlier, and the Chinese company's Hong Kong-listed shares are already up nearly 50 per cent this year. Meanwhile, Tesla shares have been tanking, falling close to 15 per cent and erasing around $150 billion in market value. The feud between Musk and US President Donald Trump has reportedly had a significant bearing on the company's stock market performance. Without the most influential American's political backing behind its founder gone, Tesla could also run into headwinds in the US. The central government has been wooing Tesla to manufacture locally for several years now. In a bid to attract the carmaker, the PM Modi-led government introduced a new policy that offered companies a reduced duty of 15 per cent if they set up manufacturing locally and committed to investing $500 million in India. In June this year, Union Heavy Industries Minister H D Kumaraswamy said that global EV makers like Mercedes-Benz, Volkswagen-Škoda, Hyundai and Kia have shown interest in applying under the ministry's flagship Scheme to Promote Manufacturing of Electric Passenger Cars in India. However, Tesla is not keen on manufacturing in India, the minister said. This comes amid some political pressure, with President Trump stating that it would be unfair to the US if Tesla were to circumvent tariffs imposed by India by building a factory in this country. Kumaraswamy had said that Tesla is planning to open two retail stores in India, including the Mumbai one. It is unclear where the company is looking to launch the second showroom in the country. According to LinkedIn posts, Tesla has invited job applications for store managers in Delhi.


Time of India
40 minutes ago
- Time of India
Move away from US: China exports emerge strong despite Donald Trump's tariff chaos; is the record trade surplus sustainable?
China achieved a historic trade surplus of approximately $586 billion in the first six months of the year. (AI image) China seems to have diversified its export markets away from the US, reporting a record trade surplus despite the global turmoil and uncertainty created by American President Donald Trump's tariff war. China achieved a historic trade surplus of approximately $586 billion in the first six months of the year, with exports to the United States showing signs of stabilisation despite the ongoing tariff situation that has disrupted international trade. June saw exports increase by 5.8% year-on-year, reaching $325 billion, surpassing analysts' expectation. Additionally, imports registered their first positive growth since February, rising by 1.1%, according to statistics released by the General Administration of Customs on Monday. China Finds Other Markets Apart From US Whilst exports to the United States declined by 16.1% compared to the previous year, following May's 34% decrease, Chinese businesses successfully expanded their market presence elsewhere, according to a Bloomberg report. Notably, exports to the Association of Southeast Asian Nations (Asean) member states demonstrated remarkable growth, increasing by 17% compared to the same period last year. Also Read | India-US trade deal: Indian team reaches Washington DC for fresh round of talks; Donald Trump's tariff deadline nears "China's trade withstood challenges and showed growth in the first half of the year," stated Wang Lingjun, deputy head of the customs agency, during a press briefing. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Park Crescent at Alembic City, Vadodara – Luxury Homes from ₹2.20 Cr* Onwards Alembic City West Learn More Undo "But we need to note that unilateralism and protectionism are on the rise globally, and the external environment is becoming more complex, grim and uncertain,' Wang Lingjun said according to the Bloomberg report. The redirection of exports from the US market demonstrates Chinese manufacturing sector's adaptability, providing support to their decelerating domestic economy during a particularly volatile period in global trade. China's Trade Resilience Sustainable? The sustainability of this recent performance remains uncertain, as the Trump administration seeks to restrict the movement of Chinese goods to America through third-party countries. The United States recently introduced new tariffs on its trading partners, set to be implemented from August 1. Additionally, it imposed a 50% tariff on copper imports and indicated plans for additional sector-specific duties. Also Read | Countering China: India eyes Rs 1,345 crore scheme on rare earth magnets; Indian companies express interest "The pick-up in headline export growth mainly reflected the rebound of US-bound exports in June, likely due to the substantial tariff reduction following the US-China trade talks in Geneva in May," Goldman Sachs Group Inc. economists including Andrew Tilton said in a report. "Both export and import growth surprised to the upside." Despite US tariffs on Chinese products decreasing to approximately 55% from a peak of 145% in early April, China faces increasing challenges from America's developing trade policies. A recent accord with Vietnam includes a 20% tariff on Vietnamese exports to the United States and a higher 40% duty on transshipped goods, addressing a strategy Chinese exporters have traditionally used to avoid American tariffs. This measure could reduce demand for Chinese products exported directly to the US and affect components used in supply chains across various countries. US Treasury Secretary Scott Bessent announced plans for an upcoming meeting with his Chinese counterpart to further their ongoing dialogue. The robust trade performance provides a positive signal for the economy, which has been struggling with deflation and a prolonged property sector downturn that has affected consumer spending and asset values. According to a Bloomberg survey, official data releasing on Tuesday is anticipated to reveal a 5.1% year-on-year increase in gross domestic product for the quarter ended June. "It seems the front loading of exports to the US has not ended," said Zhiwei Zhang, chief economist at Pinpoint Asset Management. "The strong exports help to partly offset the weak domestic demand and likely keep GDP growth around the government target of 5% in the second quarter." Also Read | India's tough stand against Chinese FDI: Indian electronics component makers eye tie-ups with South Korea, Taiwan firms; significant shift away from China Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now