Adani Plans $4 Billion Petrochemical Complex In Guj, But Denies Competing With Ambani

November 25, 2022 7:54 pm

Ahmedabad billionaire Gautam Adani has revealed an ambitious $4 billion petrochemical complex project in Gujarat. Adani, 60, the wealthiest man in Asia, also plans to launch a super app in six months to connect passengers using the Adani-maintained airports with services offered by the group. Speaking to the Financial Times, Adani denied that moving into petrochemicals […]

Gujarat: Income Tax Dept Organises Outreach Programme To Condone Delay In Filing Form 10A

November 11, 2022 9:22 pm

The Central Board of Direct Taxes (CBDT) has condoned the delay in filing of Form 10A, up to November 25, in respect of certain provisions of Sections 12A/10(23C)/80G/35 of the Income Tax Act, 1961. In this regard, the Exemption wing of  Income Tax Department, Vejalpur, Gujarat on Friday conducted an outreach programme with members of […]

Global Health IPO To Open On Nov 3

November 1, 2022 3:41 pm

Global Health Limited is entering the markets with an initial public issue (IPO) on Thursday, November 3. The issue consists of fresh shares worth Rs 500 crore and an offer-for-sale from The Carlyle Group of 50.66 million shares, constituting the whole of its 20% stake in the company. The price band of the offer has […]

Fusion Microfinance IPO To Open On Nov 2

November 1, 2022 3:34 pm

Fusion Microfinance is entering the market on Wednesday, Nov 2 with plans to raise Rs 600 crore through the issuance of fresh equity and Rs 500 crore through an offer-for-sale from its promoters. The price band for the Initial Public Offer (IPO) has been fixed at Rs 350 – 368 per equity share of face […]

Apple To Manufacture Spare Parts In Surat

October 11, 2022 5:27 pm

Instead of China, Surat will now manufacture spare parts for technology giant Apple. A well-known company affiliated with Surat’s diamond and engineering business has signed an MOU worth Rs 1000 crore with Apple Corporation. Apple has given the company the opportunity to take over the work once the contract with the Chinese spare parts manufacturer […]

PM Narendra Modi Declares Modhera As India’s First Solar-Powered Village

October 9, 2022 7:30 pm

Prime Minister Narendra Modi on Sunday inaugurated India’s first solar-powered village, Modhera in Gujarat. The project is worth Rs 3,900 Crores. Modi also stated that “with Narendra (Modi) and Bhupendra (Patel), Gujarat has a double engine sarkar and promise of speedy development.”   Both the central and state governments have invested over ₹80 crore in this […]

CM targets Rs 12.5 lakh crore Investment, 15 lakh jobs

October 6, 2022 12:26 pm

Gujarat CM Bhupendra Patel launched ‘Atmanirbhar Gujarat Schemes for Assistance to Industries’ just prior to the state assembly polls. The benefits under the scheme will be extended to 10 sectors including green energy ecosystem, mobility, capital equipment, metals and mineral, textile and apparel, sustainability, agro-processing, chemicals, gems and jewellery and healthcare. The government aims to […]

Torrent Pharma To Acquire Curatio Healthcare For Rs 2,000-Crore

September 28, 2022 11:39 am

Ahmedabad-headquartered Torrent Pharmaceuticals Limited has announced the acquisition of Chennai-based dermatology major Curatio Healthcare (I) Private Limited for Rs 2,000 crore. The deal will strengthen Torrent Pharma’s presence in the fast-growing dermatology segment. Torrent Pharma has entered into a definitive agreement to acquire 100% stake in Curatio Healthcare (Curatio) for Rs 2,000 crore, that includes Rs 115 […]

Your Navratri Is Costlier Than You Think. Here’s Why

September 23, 2022 5:57 pm

Come Navratri, and Gujaratis are geared up for their nine days of revelry. With dance, music and delicious food this time, there are also going to be a series of taxes. Goods and Services Tax  (GST) at Centre and State level will be implied on everything; be it your garba passes, agarbati or prasad. Afterall, […]

No Action Against Addor Aspire Builders Even 72 hours After 7 Labourers’ Death.

September 17, 2022 10:27 am

The rich can get away with anything. Including murder and negligence that can lead to death. Fingers are being pointed at Ahmedabad police who has been found guilty of siding with builders responsible for the death of seven labourers in their plush under construction site in Navrangpura. The police is reportedly shielding the builders and […]

India’s First Global Congress On Dental Oncology And Research Aimed For Oral Cancer Awareness

September 3, 2022 3:17 pm

India’s Gujarat state conducted the country’s first International Congress on Dental Oncology and Research to showcase the pivotal role of oral healthcare providers and dental professionals in spreading awareness, prevention, early detection, and treatment of oral cancer. The event entitled “Be Different to Make a Difference” was organised on September 2 & 3, 2022 by […]

Reliance Announces Several Infrastructure Plans for Gujarat

August 30, 2022 8:29 pm

At the annual general meeting of Reliance Industries Ltd (RIL) on Monday, chairman Mukesh Ambani made several announcements centred on Gujarat, mainly in Hazira, Dahej and Jamnagar. Ambani announced one of the world’s largest single-train PTA plants of 3 MMTPA capacity at Dahej in Central Gujarat. He said, “We will also invest in a 1 […]

Gujarat: Luxury Car Sale Hits Record High Post Corona Lockdown

August 25, 2022 9:35 am

Despite the losses to business and trade during the initial year of Corona-induced uncertainties, Gujarat witnessed a massive high post lockdown when it came to sale of high-end luxe automobiles. One wonders if the omni-pervading sense of end pushed people into splurging when life still abounds. Whatever be the case, car dealerships in Ahmedabad reported […]

Kejriwal Alleges ‘Maha Vyapam Scam’ In Gujarat; Promises Law Against Paper Leaks

August 24, 2022 1:23 pm

AAP National Convener Arvind Kejriwal has sworn a ‘Maha Vyapam Scam’ in the Bharatiya Janata Party (BJP)-ruled Gujarat. On Tuesday, he recalled the incidents related to the leakage of question papers of state government recruitment examinations over the years. He promised a law against the paper leak with a provision of 10-year jail if people […]

Gujarat Income Tax Raids 25 Locations Of Ceramic Brand Qutone 

August 9, 2022 8:31 pm

The investigation wing of the Income Tax department of Gujarat has raided over 25 locations of popular ceramic brand Qutone. The search and seizure operation– led by the Rajkot Income Tax department–began on Tuesday morning. Over 200 I-T officials were deployed at various locations of the company’s head offices and residencies in Ahmedabad, Morbi and […]

Broken Causeway in Chhota Udepur Causes Lots of Trouble

July 30, 2022 1:51 pm

The villagers of Chhota Udepur district are facing a lot of trouble as the drain connecting Gaman Faliya at Sadhali has been in a damaged condition for years. School-going children are forced to cross the river through the water, risking their lives.The cove over the ravine broke within about 2-3 years of its construction. Sadhali […]

Gujarat: Tesla Rival Triton EV to Manufacture Hydrogen Powered Two & Three-wheelers

July 25, 2022 6:26 pm

Triton Electric Vehicle plans to expand into the hydrogen-powered two- and three-wheeler markets. At its Bhuj facility in Gujarat, it will produce hydrogen-powered two-wheelers and three-wheelers, and it intends to begin making electric trucks this year. In order to establish a fully-equipped EV car production plant in India with all the latest technology and cutting-edge […]

Gujarat: Godrej & Boyce to Invest Rs 300 Crore in Dahej

July 25, 2022 6:12 pm

Godrej & Boyce announced on Monday that it is increasing its investment by Rs 300 crore at its facility in Dahej, Gujarat, in order to increase the process equipment arm’s income by FY25. In order to deliver specialised and massive equipment, Godrej Process Equipment (GPE) is investing Rs 300 crore to increase its footprint in […]

Income Tax Officials Raid 40 Locations Linked to Chiripal Group

July 21, 2022 9:32 am

The Income Tax Department has confirmed that on July 20, they conducted a search and seizure operation at Ahmedabad-based Chiripal Group of Industries for possible tax evasion. The department has seized Rs 10 crore unaccounted cash from one of the locations. According to Income tax department sources the quantum of tax sought from the Ahmedabad-based group […]

Marvelous Monsoon Has a Majestic Look for Gira Waterfalls

July 20, 2022 1:33 pm

A pleasant sight to the eyes, the Gira waterfalls in Gujarat is overflowing with water after incessant rainfall. It is located amid lush green forests, and looks enchantingly beautiful during monsoons. A 30 metre drop into the Ambica river, Gira waterfalls lies in Saputara, in Dang district, which is about 6km away from Waghai town. […]