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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 […]
Coca-Cola India and Reliance Retail, India’s largest retailer, have announced the launch of a new sustainability initiative, “Bhool Na Jana, Plastic Bottle Lautana”. The initiative is focused on the collection of post-consumer PET bottles at Reliance Retail stores in Mumbai through Reverse Vending Machines (RVMs) and collection bins. The pilot project, which aligns with the […]
The global economy will not gain robustness this year, predicted 56% of chief economists, according to the latest World Economic Forum (WEF) report. Seven out of 10 experts predict a rise in geoeconomic fragmentation worldwide in the face of conflicts and crises, with 87% claiming that geopolitics would heighten economic volatility. The Chief Economists Outlook […]
Tata Consumer Products Ltd has unveiled two major acquisitions as part of its strategy to enhance its product range. The company has entered into definitive agreements to purchase 100% equity shares of Mumbai-based Capital Foods, the owner of popular brands ‘Ching’s Secret’ and ‘Smith & Jones’, for a total consideration of Rs 5,100 crore. Additionally, […]
Torrent Group Chairman Emeritus Sudhir Mehta announced the company’s plans to invest over Rs 47,350 crores in Gujarat during the closing ceremony of the 10th edition of the Vibrant Gujarat Global Summit held at the Mahatma Mandir in Gandhinagar. Mehta expressed his gratitude towards the visionary leadership of Prime Minister Narendra Modi and the dynamic […]
After a bumpy 2023, Europe’s economy is gearing up for a transitional year, leaving behind anxieties about high inflation and rising interest rates. While major stock indexes kicked off 2024 with uncertainty, economists remain cautiously optimistic for a brighter year ahead. Here’s a snapshot of the key reasons for cautious optimism: Fading Headwinds: The fearsome […]
Acknowledging the support of Prime Minister Narendra Modi for the automotive industry, Maruti Suzuki has declared that the firm will pump in Rs 35,000 crore to establish its second manufacturing facility in Gujarat. This expansion should scale the company’s annual production capacity in Gujarat to 20 lakh units, with 10 lakh units at Suzuki Motor […]
Layoff In 2024: After Amazon, the next name in the list of companies preparing for layoffs is Flipkart, which is owned by Walmart. The giant company has also prepared a plan to cut its workforce. According to reports, Flipkart is reviewing the performance of its employees and this process could be completed by March-April 2024. […]
The inaugural session of the Vibrant Gujarat Summit is an all-star event, with top industrialists and luminaries from all over the world in attendance. The 10th summit of the series, which was inaugurated at the Mahatma Mandir in Gandhinagar on Wednesday, was no exception. VO! brings you quotes from the lead speakers: Narendra Modi, Prime […]
Tata Sons chairman N Chandrasekaran announced that the company is close to finalising a deal for a semiconductor fabrication unit in Gujarat’s Dholera. The unit is expected to be commissioned by 2024. Tata Sons chairman N Chandrasekaran said that the company is on the verge of giving final shape to the semiconductor fabrication unit in […]
Adani Group to invest USD 25 billion in Gujarat, announces world’s largest green energy park. Gautam Adani, the chairman of the Adani Group, announced a massive investment of over Rs. 2 lakh crore (USD 25 billion) in Gujarat over the next five years, creating more than 100,000 jobs in various sectors. He also unveiled his […]
Reliance Industries Chairman Mukesh Ambani reaffirmed his bond with Gujarat and his company’s contribution to the state’s development at the Vibrant Gujarat Summit 2024 on Wednesday. He also made five pledges for the future, including investing in green energy, 5G, retail, carbon fibre and sports infrastructure. Ambani, who has attended every edition of the summit […]
Steel Strips Wheels Ltd (SSWL), a leading manufacturer of automotive wheels, has announced that it will acquire AMW Autocomponent Ltd (AACL), a company that was undergoing insolvency proceedings, for Rs 138 crore. The acquisition is part of a resolution plan approved by the National Company Law Tribunal (NCLT) Ahmedabad. According to a regulatory filing by […]
India has discovered a new oil reserve in the Krishna Godavari Basin, off the coast of Kakinada, Andhra Pradesh. The discovery was announced by Union Petroleum Minister Hardeep Singh Puri. Puri said that the first oil was extracted from the well on January 7, 2024. He added that the well is expected to produce 45,000 […]
Ecom Express, a leading provider of technology-driven logistics solutions, has created a new position of chief commercial officer at Ecom Express, and has hired Pankaj Singh, former founder of a proptech start-up – Multiliving Technologies, to fill the role from 4th January, 2024. Singh will be responsible for the company’s end-to-end procurement, including sourcing, spend […]
After successfully braving the rough waters of 2023, India is likely to remain as the world’s fastest-growing major economy in 2024 on the back of growing demand, moderate inflation, stable interest rate regime and robust foreign exchange (forex) reserves, says the latest Organization for Economic Cooperation and Development (OECD) report. Despite widespread pessimism witnessed among […]
Veteran Indian banker Uday Kotak has presented a comprehensive plan with seven key recommendations to propel India towards achieving a $30 trillion GDP by 2047. In a post on social media platform X, he says, “In the early 80s, the Indian saver had low confidence in financial assets versus gold and land. Slowly, the saver […]
Reliance Industries Limited (RIL) has demonstrated its commitment to reducing plastic waste and promoting a Circular Economy in India through a groundbreaking innovation. On 29th December 2023, RIL, the operator of the world’s largest integrated refining and petrochemical complex, made history by becoming the first Indian company to transform plastic waste-based pyrolysis oil into International […]
The Reserve Bank of India has mandated requirement for higher capital buffer for the State Bank of India (SBI) and HDFC Bank. Both the Banks have been upgraded one noth up within their respective buckets in the list of the domestic systemically important banks (D-SIBs). RBI informed that SBI has moved from bucket 3 to […]
