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“More than 98 percent of the total surveyed workers working in the ceramic cluster in Thangadh of Surendranagar district do not get benefits of Employee State Insurance (ESI) coverage” – suggests a survey conducted by Peoples Training and Research Centre (PTRC), Vadodara. Employee’s State Insurance is public social security and health insurance fund for Indian […]
Three Gujarat investors have complained to the Ahmedabad Crime Branch that deliberately misleading reports by at least four journalists including a prominent news channel led to a huge loss on their investment. The police application, whose copy is with Vibes of India (Vo!) states that this “huge loss was a part of a national conspiracy. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 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 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 […]
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, […]
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 […]
