RBI Bars Audit Giant Haribhakti From Regulating Audits For Two Years

October 12, 2021 4:17 pm

In an incredibly significant development, that would cast its shadow on financial circles across India – RBI has banned M/s Haribhakti & Co, LLP auditors from auditing regulated companies for a period of two years with effect from April 1, 2022. In what could be termed as the ultimate slur for a company of the […]

Tata Bye Bye To Ford Motors From Sanand Plant

October 9, 2021 12:42 pm

After 25 year efforts in vain to get significant foothold in car market the country, Ford called it quits  from all manufacturing activities in India, last month. Though, one of the first foreign car manufacturer to arrive in India, Ford Motor Co, manufactured 5 models, EcoSport, Figo, Freestyle, Endeavour and Aspire, locally. It however could […]

7UP Launches All-New Festive Packs In Gujarat Before Navratri

October 6, 2021 12:33 pm

Marking the celebrations for the auspicious festival of Navratri, 7 UP – the refreshing clear drink launched its all-new limited edition festive packs in Gujarat, featuring the quirky, curly-haired brand mascot Fido Dido.   Over the years, the autumn festival of Navratri has metamorphosized into an event of stupendous scale with thousands of people coming together to […]

What drives the surge in ECLGS borrowings in Gujarat ?

October 1, 2021 8:35 pm

It is a telling scenario where 150103 loan applications sanctioned by the banks in first quarter in FY  2020-21, only 84087 opted for disbursement while in 2021-22 during the corresponding quarter the figures read as 327368 disbursements out of sanctioned loans of 360108. It means that while in 2020-21 the percentage of disbursement to sanction […]

Gujarat: 159% Rise In NPA In Shishu Category of Mudra Loans

October 1, 2021 5:02 pm

The official figures have finally revealed that what was an open secret until now – the pandemic has hit hard the less privileged section of society.  PMMY or MUDRA as it is known is a kind of credit facility typically provided to small and medium enterprises engaged in manufacturing, trading, or services. In its penchant […]

Supreme Court dismisses Adani’s plea to authorize for City Gas Distribution network in Ahmedabad

October 3, 2021 12:47 pm

AGL filed a writ petition in the Gujarat High Court feeling resentful, challenging the various Regulations under the PNGRB Act and also the grant of authorization to a competitor which is a state-entity – Gujarat Gas. The High Court dismissed AGL’s petition in 2018. AGL approached the Supreme Court challenging the High Court’s dismissal. One […]

Buoyant markets spell bonanza for 14 Gujarat Companies. Share prices doubled.

September 25, 2021 12:38 pm

Amidst the extraordinary bullish run of the markets which saw Sensex crossing the ceiling of 60000, share prices of fourteen companies from Gujarat have doubled or more than doubled their value. leading the pack is Ganesh Housing with an increase in price by 416%. R&B denim with 305%, Adani Total gas with 270%, Monarch Networth […]

Covid paves way for this courier company to set up factory for ready to eat food packs

September 13, 2021 6:10 pm

Brothers and founders of Chips Express Pvt Ltd, Vimal and Tushar Patel launched their ready to eat food packs Hungrill (meaning Hunger Will) in January 2020 and Covid-19 happened. But Covid-19 came as a boon for their newly established business of ready to eat food packs. “The food is not dehydrated or uncooked with instructions. […]

US auto major Ford Motor Co shuts its manufacturing plants in Sanand and Chennai

September 10, 2021 12:49 pm

The small town of Sanand in Gujarat turned into a major automotive hub with the entry of Tata, Suzuki, Ford, Honda and Hero MotoCorp, who operated their plants from in and around Sanand. But Sanand perhaps is losing its sheen as major companies make an exit. The announcement on Thursday was made by US auto […]

NSE signs MOU with the first FINTECH accelerator, FinX Labs at IFSC, GIFT city

August 27, 2021 3:45 pm

Key points of the MOU: A FinTech Startup Accelerator, to support growing Indian FinTech’s    Joint venture by DevX, Savvy, and Flexworx  MoU signed with NSE for collaboration Aimed at driving growth and scaling in Fintech arena   FinX Labs, which is a joint venture by Jaxay Shah and Flexworx today announced the opening of its startup […]

June quarter revenue grows for BSNL and Jio in Gujarat

August 27, 2021 1:44 pm

Jio, which has been the largest telecom operator in Gujarat, had continued to remain revenue market share leader in the quarter ending on June 30, 2021. Compared with the previous quarter Jio’s revenue in the state increased by 7% or Rs80 crore from Rs1,045.55 crore in the quarter ending on March 31, 2021, to Rs1,125.73 […]

500 jewellery manufacturers of Rajkot to observe a day-long strike

August 23, 2021 1:01 pm

Around 500 jewellery manufacturers of Rajkot will be on a one day strike on Monday so as to protest the introduction of hallmarking unique identification (HUID) number system by the Bureau of Indian Standards (BSI) for jewellery. The new requirement will slow down the business cycle of the jewellers and put customers’ privacy in danger. […]

Small towns showing higher demand for e-bikes

August 14, 2021 2:24 pm

Voltro Motors, the electric cycle startup is focusing on expansion to increase production and is aiming for sales of up to ₹10 crores this fiscal. The brand stated that it is witnessing a rise in demand for electric cycles in small towns, especially after the easing of pandemic restrictions. Prashanta, the founder and director of Voltro […]

Surat’s diamond merchant buys a Bungalow of Rs 185 crore in Worli, Mumbai

August 1, 2021 6:49 pm

During the lockdown, at the time when the country is going through an economic slowdown, a merchant based out of Gujarat has bought a Bungalow worth Rs 185 crore at Worli Sea Face in Mumbai, Maharashtra. Leading Surat diamond merchant, Savji Dholakia and his family have bought a Rs 185 crore the six-storeyed bungalow which […]

Honda’s two-wheelers sales crosses 50L units’ mark in Gujarat

July 22, 2021 4:23 pm

Honda Motorcycle and Scooter India Pvt. Lts. (HMSI) has announced that its cumulative two-wheelers sales in Gujarat have crosses the 50 lakh units’ mark on Thursday. Honda 2Wheelers began operations with its first two-wheeler Active, in 2001 and took 15 years to gain its first 25 lakhs customers in Gujarat. Honda has now doubled its […]

GIFT City signs MoU with TASK Staffing Solutions

July 22, 2021 3:59 pm

GIFT City signs MoU with TASK Staffing Solutions Private Limited, an Ahmedabad-based integrated staffing solutions company for talent management in the space of international financial services on July 22. Both the companies will jointly review the need for executive recruitment, executive search, volume hiring, recruitment process outsourcing (RPO) & contract staffing for IFSC entities at […]

Real Estate booming during corona: House sales in Ahmedabad increase by 362%

July 21, 2021 1:39 pm

The second wave of Corona was fatal, the economy was also hit badly. However, the real has bloomed during the pandemic. The increase in the real estate market has been growing much better than last year, especially in Ahmedabad. Ahmedabad’s growth is even higher than Pune, Mumbai, Bangalore in terms of house purchases, Gota, New Ranip, […]

Digital companies overtake pharma, become top taxpayers in Gujarat

July 15, 2021 10:11 pm

Though Gujarat and its booming pharma companies made a kill, literally in the Covid times with manufacturing and selling of several medicines and injections including Remdesivir, Fabiflu, Virafin and others, they have lost the top slot. For the first time ever, Gujarat based digital companies have overtaken the pharma sector when it comes to paying […]

Pandemic serves a booster dose to ayurvedic pharma

July 4, 2021 11:20 pm

Bolstered by a supportive Union Ministry of Ayush, the ayurvedic pharmaceutical sector in the country finds itself in the pink of health, catering to the needs thrown up by the pandemic. Its wide range of immunity boosters and formulations that battle cough, fever, diarrhoea and other such symptoms of COVID-19 have taken the centre-stage this past year, giving the manufacturers an unprecedented […]

I work 14 hours a day to compensate for my privilege

July 4, 2021 11:55 am

Skoda is an SUV brand known for its design, aesthetics and high-performance engine. Today Ahmedabad based Stellar Skoda launched the company’s latest offering, the Skoda Kushaq. Speaking to Vibes of India (VoI), Abhimanyu said Stellar Skoda had the credit of doing 9 percent of all India sales for the Company through their seven outlets spread […]