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Some of the unit holders at Ahmedabad’s Apparel Park GIDC SEZ situated at Khokhara have demanded the park be denotified. The businessmen submitted their demand to Union textiles minister Piyush Goyal during his visit to the state. The park has 50 units, but only 18 are functional. The businessmen argued that the SEZ policy is […]
On August 23, Gautam Adani-led Adani Group acquired 29.18 percent stake in television channel NDTV Ltd. The group said it would launch an open offer to buy another 26 percent stake. On November 22, the Adani Group launched the open offer, which will remain open until December 5. According to Securities and Exchange Board of […]
The Reserve Bank of India (RBI) has asked Paytm Payments Services Limited to resubmit the application to operate as payment aggregator. One97 Communications (OCL), which owns the Paytm brand, had proposed to transfer the payment aggregator services business undertaken by it to Paytm Payments Services (PPSL) in December 2020 to comply with payment aggregator (PA) […]
Ahmedabad billionaire Gautam Adani has revealed an ambitious $4 billion petrochemical complex project in Gujarat. Adani, 60, the wealthiest man in Asia, also plans to launch a super app in six months to connect passengers using the Adani-maintained airports with services offered by the group. Speaking to the Financial Times, Adani denied that moving into petrochemicals […]
ITC Hotels identify themselves as luxury personified. The chain of hotels is especially known for its quality food and services. When ITC Narmada was inaugurated in Ahmedabad in August 2022–Amdavadis were looking forward to getting the luxury experience but it seems like people are disappointed especially with the food and services of the newly-opened hotel. […]
In recent times, Asia’s richest man, Gautam Adani, has shown a keenness to straddle worlds that value environmental consideration. Last year, he had publicly spoken about the need to accelerate ESG (Environmental, Social and Corporate) transformation. Upholding this vision, Adani intends to invest in renewable power plants in the north of Sri Lanka. Ironically, the […]
Gone with the wind. Literally. This Is what happened to the USD 16-billion wealth of former FTX co-founder Sam Bankman-Fried. In one of the most spectacular downfalls in the history of wealth destructions, Bankman-Fried’s wealth fell to zero within a week. As the crypto empire filed for bankruptcy, the 30-year-old businessman had to resign. His fortunes also […]
The Central Board of Direct Taxes (CBDT) has condoned the delay in filing of Form 10A, up to November 25, in respect of certain provisions of Sections 12A/10(23C)/80G/35 of the Income Tax Act, 1961. In this regard, the Exemption wing of Income Tax Department, Vejalpur, Gujarat on Friday conducted an outreach programme with members of […]
If the purchase of an HD TV has been pending for long in your bucket list, the time has arrived to tick the same. You can now apply for a Bajaj Finserv card online in only a few steps to access its benefits. By doing so, you can unlock some of the latest offers on […]
Buying a home in today’s economic climate is no longer a task that stretches over years, like earlier. There are several changes in the market to which this can be attributed – people’s increased purchasing power and spending appetite, a large stock of unsold inventory, attractive real estate prices that are now regularised; and the significant ease […]
Global Health Limited is entering the markets with an initial public issue (IPO) on Thursday, November 3. The issue consists of fresh shares worth Rs 500 crore and an offer-for-sale from The Carlyle Group of 50.66 million shares, constituting the whole of its 20% stake in the company. The price band of the offer has […]
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 […]
