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The fraud row hasn’t dimmed Gautam Adani’s expansion plans as he announced a green power unit that will construct the largest ever wind-solar hybrid in Gujarat. The massive hybrid renewable energy project will have a capacity of 20 gigawatts, roughly equal to the total installed electricity capacity of Portugal. According to a report, the wind […]
The myth of vibrant Gujarat, or the assertion that it’s India’s No.1 state in economic progress, has been debunked. According to the latest figures revealed by Niti Ayog, Gujarat is no more India’s main export hub. That position belongs to Tamil Nadu. The Export Preparedness Index (EPI) for 2022 ranks Tamil Nadu as the No. […]
The falling through of the Vedanta-Foxconn semi-conductor venture isn’t the first instance of the Indian firm made to exit a big project. We may recall that many years ago, the Church of England sold its £3.8m stake in Vedanta Resources over concerns about its human rights record. Although the recent split with Foxconn is deemed […]
The joint venture between Foxconn and Vedanta was meant to add more heft to India’s growth story. According to the $19.5 billion joint venture, the two firms were set to jointly invest in a semiconductor fabrication plant in Gujarat, which would manufacture 28-nanometre semiconductors. For the unversed, semiconductors are critical components for consumer electronics. The […]
Ahmedabad, the largest city in the state of Gujarat, is quickly emerging as the next Silicon Valley of the country. With a thriving startup ecosystem, a large pool of skilled talent, and Tech Entrepreneurs, Ahmedabad is rapidly becoming a hub for innovation and technology. Different companies now looking Best IT company in Ahmedabad to take […]
On the fourth consecutive day when the yellow metal prices have gone up in the international market, Wednesday saw gold prices in Ahmedabad touch a two year high of Rs 57,600 per 10 gms. The last high point in the local market was August 7, 2020 when priced touched an all-time high of Rs 58,000 […]
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 […]
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 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 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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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 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 […]
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 […]
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 […]
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 […]
