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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 […]
The board of directors of Mukesh Ambani-led Reliance Industries Limited approved the demerger of its financial services undertaking into Reliance Strategic Investments Limited (RSIL), to be renamed Jio Financial Services Limited (JFSL). RBI-registered non-deposit-taking systemically important NBFC, RSIL is currently a wholly-owned subsidiary of RIL. Jio Financial Services Ltd will be listed separately on the […]
According to the EdelGive Hurun India Philanthropy List for 2022, HCL Technologies founder and industrialist Shiv Nadar is ‘India’s most generous’ industrialist with an annual donation of Rs 1,161 crore. The 77-year-old Nadar donated Rs 3 crore per day on an average. EdelGive Hurun India Philanthropy List 2022 is the ninth annual ranking of the […]
People are growing to link India with the terms “cyber security” and “cyber crime” these days. The sector is flourishing due to the rising demand for cyber security professionals. Because we use our phones more frequently than ever before and because even our cars can now connect to the internet, cyber security has become an […]
Tata Consultancy Services is pulling all stops to get employees back to offices, referring them to in-house doctors to seek a work-from-home on medical grounds. For those seeking to work from home, the IT company has asked the employees to get the diagnosis, treatment and medical certificates validated by company-empaneled medical team to decide if […]
Adani Data Network has been granted unified license for access services, which enables it to provide all telecom services in the country, according to two official sources. Adani Group entered the telecom sector after buying spectrum in the recent 5G spectrum auction. “Adani Data Networks has been granted UL (AS),” an official source said according […]
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 […]
Nearly a week after videos went viral that appeared to show Bajrang Dal members beating up four Muslim youths at a Garba venue on SindhuBhavan Road, city police arrested five members of the right-wing group for the attacks. Sarkhej police said that the events in question happened on the night of September 27. They said […]
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 […]
“I was ahead by 27 years; my time has come now.” Tulsi Tanti, the founder-chairman of Suzlon Energy, spoke these words a few hours before succumbing to a cardiac arrest at 64. The pioneer of windmill energy in India and one of the global figures in the sector spent a day in Ahmedabad on September […]
With the opening of it’s first store, the 18,000 square feet house of brands with a curated collection of at 1 MG-Lido Mall, MG Road, Bengaluru. Reliance retail has presented AZORTE to the world. Akhilesh Prasad, CEO, Fashion and Lifestyle – Reliance Retail, said, “AZORTE offers wardrobe must-haves for the fashion-forward customers of new India. […]
As per figures for the last fiscal year ended March 31, the rate at which Indians used to save has fallen to the lowest level in the last five years. The chief reason could be that while on one hand Indians bought heavily after the Covid pandemic and on the other hand inflation has affected […]
While speaking at the MoU signing ceremony at IIM Ahmedabad (IIM-A) on September 27 where Nykaa and the B-school established ‘Nykaa Chair in Consumer Technology’, Nykaa founder and CEO Falguni Nayar spoke about the ‘Lipstick Effect’. She said that post the second wave of the Covid pandemic, websites like Nykaa registered higher sales of skin […]
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 […]
World’s second richest person’s keynote address at The Forbes Global CEO Conference 2022 Ahmedabad-based billionaire Gautam Adani, the chairman of Adani Group which has interests in ports, airports, green energy, cement, data centers and more, delivered the keynote address at the 20th Forbes Global CEO Conference 2022, held in Singapore, September 26–27. Adani, who surpassed […]
The Public Provident Fund is one of the most popular investment schemes of the government of India. At present, with a rate of interest of 7.1% compounded annually, it is one of the safest and most common investment schemes in India. It guarantees assured returns on the amount, provides tax benefits under Section 80C of […]
Gujarat was picked over Maharashtra for Vedanta and Foxconn’s semiconductor plant. The companies were in talks with the Maharashtra government earlier and it looked like both the parties would sign the MoU soon but Gujarat emerged as the winner at the last moment. But this time, Maharashtra won the race. This one, is about the […]
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 Gautam Adani-led Adani Group has entered into a no-poaching agreement with Mukesh Ambani-led Reliance Industries. This would in effect restrict both groups from hiring talent from each other. The agreement has come into effect from May this year and will be applicable to all their businesses. Of late both have entered sectors where the […]
