Light
Dark
The Gujarat government has announced the establishment of Becharaji Area Development Authority (BADA) to boost economic and religious potential of the Bahucharaji region in North Gujarat, renowned as a Shaktipith pilgrimage site. Apart from the ancient Bahuchar Mata shrine, the Shankhalpur Tirth, Vallabh Bhatt’s Vav, the Mandal-Becharaji Special Investment Region (SIR) is also in the […]
Torrent Pharmaceuticals has reportedly lined up funds to the tune of $5 billion for buying a stake in Mumbai-listed drugmaker Cipla. Torrent has secured commitments from a group of overseas banks for a potential deal. The company has been looking to buy the whole or part of the 33% stake in Cipla that’s held by […]
At least 30 artisans and entrepreneurs passed out in the 2023 batch of Creative and Cultural Business Programme (CCBP) at IIM Ahmedabad (IIMA). The batch recently got their certificates and organised an exhibition of their products as the culmination of the course. 26-year-old Rajesh Khokhar from Anjar in Gujarat’s Kutch was among the passouts. He […]
The Gujarat government is trying hard to bring e-vehicle giant Tesla to India ahead of the Vibrant Gujarat Global Summit (VGGS) 2024. After seeking the Centre’s help, the latter is reportedly in serious talks with the Elon Musk run company to bring it to Sanand-Bechraji region or Dholera. It is likely that Tesla will join […]
Billionaire Gautam Adani-controlled Adani Group has completed a $3.5 billion funding package to refinance loans taken for last year’s acquisition of ACC Ltd and Ambuja Cement. At least 18 global banks have agreed to join the consortium led by Barclays, Deutsche Bank and Standard Chartered among others, for refinancing the debt that helped fund the […]
The phrase ‘India growth story’ doesn’t quite sit well with the alarming rates of job cuts in recent times. This month, a national daily revealed that 23 techies, on average, lose their jobs every hour. Recent data from a tech-focussed hiring firm TopHire indicated that approximately 100,000 employees have been given the pink slip in […]
Shares of Orient Cement climbed 8 per cent on Wednesday amid a media report suggesting promoter CK Birla has approached Gautam Adani to sell his stake in the listed cement company. It suggested that the industrialist had rejected initial offers from peers for failing to meet his valuation demand. As per the report, the senior […]
The second-largest government-owned lender, Bank of Baroda (BoB), has allegedly been involved in unauthorised linking of mobile numbers to bank accounts of customers to show higher registrations on its mobile banking application. It was two years ago in November that the bank announced a new app with the jargon, “Save, Invest, Borrow, and Shop.” They […]
With the golden run of the Indian IT industry long been over, layoffs have become the new normal. India’s top three IT companies have seen more than 25,000 net employee exits in the six months to September, driven by cost-saving measures, unfilled job openings, and hiring curbs. Companies and recruiters expect the labour market to […]
The beleaguered dairy sector of Sri Lanka has got a shot in the arm with Indian firms drawing up the revival path for the country, which imports 60% of its milk and milk products requirement. It is to be noted that the island nation is facing its worst-ever economic crisis and much of its industrial […]
The International Olympic Committee (IOC) and the Olympic Museum have joined hands with the Reliance Foundation to build on the success of the Olympic Values Education Programme (OVEP) and foster the promotion of Olympic values through sports among the youth. The partnership was formalized during a visit to the Reliance Foundation Young Champs (RFYC) football […]
The Ahmedabad bench of the National Company Law Tribunal (NCLT) has directed Swan Energy to make a payment of Rs 250 crore as part of the resolution plan for the bankrupt Reliance Naval and Engineering Limited (RNEL). Led by Nikhil Merchant, who is managing director of the company, Swan Energy had bid successfully for RNEL […]
Developed in the manufacturing industry, six-sigma is a set of management techniques intended to reduce the probability of errors or defects. Service companies too have been trying to use the concept of six-sigma to standardise their processes. Call centres, for example, have been trying to script the interaction between their employees and customers down to […]
Stock markets, an Indian business magnate says, are like weather. We have to endure it regardless of what it offers. Indian markets tend to get overheated quickly, calling for immediate corrections, or sink in their own weight. In recent times, the Indian stock market has been coping with losses, but there’s something to cheer about. […]
Though the overall realty outlook in Ahmedabad, especially in the housing sector, has been looking up in the last couple of years, business has been a bit slow in the affordable housing segment because of the RBI’s interest rate increases. The affordable segment constitutes almost 60 per cent of the city’s real estate market. However, builders […]
The Confederation of Indian Industry (CII), in collaboration with the US Consulate in Mumbai held a session entitled “SHE AND SME: Inclusive Future” on Wednesday in Ahmedabad. This workshop is designed to foster collaboration between experts from India and the United States pertaining to gender equality within organisations. The primary focus of this initiative is […]
Ambuja Cements has incorporated three fully owned subsidiaries — LOTIS IFSC Private Limited, Ambuja Concrete North Private Limited and Ambuja Concrete West Private Limited, the company informed the Indian stock market bourses. Ambuja Cements, an Adani group company, said in its declaration, “Pursuant to Regulation 30 of the Listing Regulations read with Part A of […]
A high-profile trade delegation from South Korea has recently concluded its visit to India, aimed at exploring investment and partnership prospects within the burgeoning high-tech display industry. Spearheaded by the Korea Trade-Investment Promotion Agency (KOTRA) and the Korea Display Industry Association (KDIA), the delegation embarked on this mission at the invitation of the Vedanta Group. […]
A plot of around 4,000 square yards has fetched a record price of Rs 3.25 lakh per square yard in an upmarket Ahmedabad suburb. The plot on SG Road, located between Iskcon Circle and Prahladnagar, has reportedly been bought by an investor, who is in talks with a developer for a joint venture project on […]
The rupee tumbled to a record closing low of 83.27 against the dollar on Monday. Global markets have turned risk-averse as investors await key decisions from the US Federal Reserve, the Bank of England and Bank of Japan amid a rising US yield curve. Moreover, foreign fund outflows and a widening trade deficit weighed on […]
