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Gold prices surged Rs 800 on Tuesday and reached a fresh record high of Rs 65,000 per 10 grams in the national capital. The development is the result of strong global trends, according to HDFC Securities. Silver also rallied Rs 900 to Rs 74,900 per kg. According to analysts, spot gold prices (24 carats) in […]
Reliance Retail, led by Mukesh and Isha Ambani, is reportedly in discussions with Italian beauty brand Kiko Milano to acquire its operations in India. This strategic move aims to strengthen Reliance’s position in the beauty market and intensify competition with key rivals such as Nykaa and Shoppers Stop. This development follows Reliance Retail’s recent acquisition […]
MET City, a subsidiary of Reliance Industries Limited, has achieved a significant milestone by becoming the home to Saab’s first manufacturing facility of the famous Carl-Gustaf Weapon System in India. This development marks India’s first 100% Foreign Direct Investment (FDI) in defense, underlining the country’s efforts to become self-reliant in key defense technologies. The agreement […]
The founder of Amigo Cyber Security and his team have emerged as guardians of the digital realm with services in cyber security and digital forensics. Today, almost everything is driven and influenced by the digital world. Almost all industries around the globe constantly adapt and adopt the latest tech trends and stay ahead of the […]
India is poised to become a global leader in the export of medical devices and pharmaceuticals, declared Union Health Minister Mansukh Mandaviya on Saturday. Highlighting India’s transition into a significant exporter of bulk drugs and medical devices, Mandaviya emphasized the nation’s efforts to mitigate risks in the supply chain and reduce dependence on single-country sources […]
The Adani Group, a leading conglomerate with a focus on infrastructure and renewable energy, reported a significant increase in its earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year 2023. The group’s 12-month trailing EBITDA stood at ₹78,823 crore, marking a 34.4% increase, with its core infrastructure businesses contributing ₹66,208 crore, up 35.4% […]
A recent report released by the Statistics Ministry reveals that Indian household spending has more than doubled over the last decade. The report indicates a shift in expenditure patterns, with households spending less on food items and more on discretionary items such as clothing, television sets, and entertainment. According to the report, the share of […]
The largest share of stock market turnover still comes from high networth Individuals in India. NSE data says that 75% stock market trading in December from across the country came from merely 0.2% of the total investors. States like Gujarat, Maharashtra and Uttar Pradesh also show the same trend where a greater number of people […]
The size of India’s furniture market is estimated at Rs 1.3 lakh crore, of which the organised sector accounts for Rs 8,000 crore. With 970 stores across the country, Godrej Interio claims a market share of 30% within the orgainsed sector, making it the market leader. In Gujarat, however, the company’s share is much less, […]
Adani Ports’ subsidiary, Udanvat Leasing IFSC Ltd, is eyeing to break even in terms of net foreign exchange outgo within nine years. Udanvat, soaring into the aircraft leasing market after having received approval from IFSC GIFT City, has outlined a 10-year roadmap, in which the initial five years will see a projected outflow of ₹250 […]
Adani Green has operationalised the 551 MW solar capacity in Gujarat’s Khavda by supplying power in the national grid, the compnay has said. The facility is reported to be the world’s largest renewable energy park. Following the announcement, Adani Green Energy stock rose 3.57 per cent to hit a high of Rs 1,882. The energy […]
Reliance Jewels has unveiled an exclusive Valentine’s Day jewellery collection. The collection comprises exquisitely crafted rings, couple bands, and pendants made in 14kt yellow gold, rose gold, and diamonds. Designed for everyday wear, these pieces serve as a constant reminder of the shared love between couples. The Valentine’s Day collection is thoughtfully curated to capture […]
India signed its biggest ever USD 78 billion deal to extend LNG imports from Qatar by another 20 years till 2048 at lower than current rates. This will help the country save an estimated USD 6 billion over the life of the contract. Petronet LNG Ltd, India’s biggest liquefied natural gas (LNG) importer, in a […]
The startup landscape in Gujarat has seen a remarkable surge, with the number of startups recognised by the Department for Promotion of Industry and Internal Trade (DPIIT) increasing from 565 in 2019 to 3291 in 2023. This growth has led to a significant increase in direct employment opportunities, with the number of jobs created by […]
Back in 1997, when Arvind Mills was first moving into branded apparel in a big way, we asked chairman Sanjay Lalbhai if there was any real difference between Flying Machine jeans and more expensive brands like Lee. Is the quality of the denim different? Are the zippers different? His insightful answer: “The difference is not […]
Reliance Jio, the telecommunications giant, has been recognized as India’s strongest brand in the ‘Global 500 – 2024’ report published by Brand Finance. This recognition places Jio ahead of established Indian brands such as LIC and SBI. Notably, Jio had also topped the list of India’s strong brands in Brand Finance’s 2023 rankings. Ranked 17th […]
Story covered by Jigar Saraswat The transport company has established itself as one of the most trusted and best transportation company in Gujarat and Mumbai with its vast network coupled with timely deliveries. Best transport company in Gujarat Headquartered in Mumbai, Maharashtra, Bhavna Roadways started operations in 1991 with a vision to provide reliable and […]
The stock market saw a big decline today, i.e. on January 17. The Sensex closed at 71,500 after falling 1628 points. At the same time, the Nifty also broke 460 points. It closed at 21,571. In today’s trading, auto and banking shares fell the most. After the quarterly results, HDFC Bank shares fell more than […]
Manchester-based strategic growth and investment firm, York IE, has announced its expansion in Ahmedabad, marking a significant milestone in its global growth strategy. The newly established Ahmedabad office will serve as York IE’s global capability centre for Product Strategy and Development services. It will house a team of skilled professionals dedicated to bringing successful products […]
In a significant development within the technology sector, Synopsys (SNPS) has unveiled plans to acquire ANSYS (ANSS) in a deal valued at approximately $35 billion. The announcement has already impacted ANSYS shares, which fell in premarket trading following the news. Under the terms of the agreement, ANSYS shareholders will receive $197 in cash and 0.3450 […]
