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Ahmedabad University stands proud as three undergraduate students from the Amrut Mody School of Management get accepted into this year’s Study of the US Institutes(SUSI), a programme which has been organized by the US Department of State for talented youth. The three selected, Shalvi Shah, Honey Aditya and Kairave Dave have been selected on record […]
Though Gujarat had received only 9.4% of its average rainfall of 850 mm, that is 80 m by June 30; this record saw a substantial change 11 days into July, where it went as far as to get 42.7% of the annual rainfall, a solid 363 mm. Records say that the state received 20% of […]
Twitter sued Tesla and SpaceX chief Elon Musk, Tuesday (July 12), for breaching the $44 billion contract he had signed to buy the tech firm. As per the court documents, the social media giant called Musk’s exit strategy “a model of hypocrisy.” As per the court filing, Twitter has asked a Delaware court to order […]
The rain flow in the state has led to a spike in water volume in the state`s dams by 1,271 million cubic meters (MCM). It has been noted that 13 dams are already 90% full. Speaking about the Sardar Sarovar dam, it is 45.37% full, with 4,292.39 MCM of water. In total, 207 dams are […]
Elon Musk’s Twitter saga continues to impact social media platform stock prices. In the latest, Twitter shares plunged by 11.3 percent Monday after the world’s richest man announced withdrawal of his 44-billion-dollar takeover bid. Musk announced the termination of a USD 44 billion Twitter purchase deal in a letter sent by Musk’s team to Twitter. […]
The Central Goods And Services Tax (CGST), which came into force in 2017, empowers its officers to scrutinize a return furnished by registered people to verify its correctness. But it seems Gujarat’s CGST department is still struggling with procedural wrangles or is simply lethargic. Highly placed sources disclosed to Vibes of India that lethargy in scrutinizing CGST filings […]
After a line of problems SpiceJet Airlines have faced recently, another one came up when an individual filed a complaint against their Chairman Ajay Singh. However, on Tuesday, SpiceJet Airlines referred to the allegations are bogus. They have said that they will file a defamation suit against the complaint. On Monday, the Gurugram Police registered […]
BTS maybe on a hiatus as a pop group but creativity is known to spill-over other avenues as well. For the band’s followers, here comes good news: Walt Disney Company Asia Pacific is bringing BTS on to Disney’s streaming services following a partnership with global entertainment lifestyle platform HYBE (rebranded from Big Hit Entertainment in […]
Gautam Adani has thrown his hat in the 5G race, taking on Mukesh Ambani (Reliance Jio), Sunil Mittal (Airtel) and Kumar Mangalam Birla (Vodafone). Interestingly, the group also says this would count towards its ₹60,000 crore charity pledge. Adani’s entry now makes it a four-cornered contest, with telecom giants Reliance Jio, Bharti Airtel, Vodafone Idea […]
The Central Bureau of Investigation (CBI) has filed another FIR against Anil Ltd. in Mumbai, for an alleged fraud of Rs710 crores. The CBI this morning has carried out raids in seven places related to the company and its management team. These include locations in Ahmedabad and Pune. It is believed that the fraud is […]
The hike in lending rates and lowering of credit cost is likely to result in banks reporting a significant rise in net interest income (NII) and profits year-on-year (YoY) in the quarter ended June 2022 (Q1FY23), experts believe. In other words, loan growth, higher margins and lower costs will affect the profit of the banks […]
Adani Group yesterday announced that it is participating in 5G spectrum auction, which will commence on July 26. However, the company refuted media reports and said that it was not interested to foray into telecom services. The company said that it had taken the decision to be a player in the 5G space in order […]
What started as an experiment to solve short staffing issues at Toronto-based Freshii, has turned out to be the global way to go. Freshii’s “virtual cashiers” make $3.75 an hour as compared to the regular $15 (CAD). But the business is thriving. Toronto-based fast-casual brand Freshii is known for its health-forward offerings available across its […]
Crown Prince Mohammed bin Salman is a determined young man. He is known to be ruthless where it comes to ambition and wiping out his critics. And now, in a bid to revamp Saudi Arabia’s image as an investor-friendly tech hub of the future, as a key player in the MENA region, MBS is using […]
Torrent Pharmaceuticals has declared a 1:1 bonus issue, with Monday, 11 July fixed as the record date. Those holding 100 shares of the company on 8 July will own 200 shares as of 11 July. With the number of Torrent Pharma shares in the market doubling, the price of the shares dropped by close to […]
The Income Tax (IT) Department has said that Huawei Telecommunications India had resorted to unlawful means in order to evade paying taxes in India. The unit of Chinese technology company Huawei had allegedly sent back huge sums of money in the last two financial years, even when its income had slowed. According to sources, the […]
With its countless petro-chemical units, drug labs, cement plants, iron ore processing units, cotton mills and diamond cutting and polishing enterprises, Gujarat has a traditional manufacturing history. However, recent data seems to suggest a shift to trading companies as the nerve centre of commercial activity. According to official data released by Ministry of Corporate Affairs, […]
The Chinese smartphone manufacturer Vivo’s Indian subsidiary remitted 62,476 crore, or about 50% of its revenue, to China primarily to avoid paying taxes, the nation’s financial crime combating agency reported on Thursday. The Enforcement Directorate (ED) stated in a statement that “These remittances were made to disclose significant losses in Indian incorporated companies to avoid […]
Reliance Retail announced a long-term partnership with Gap Inc. on Wednesday to bring the iconic American fashion brand Gap to India. With this agreement, Reliance Industries’ retail arm has become the official retailer for Gap in India across all channels. Reliance Retail will introduce Gap’s latest fashion offerings to Indian consumers through a mix of […]
The Indian Institute of Management Ahmedabad conducted the 61st round of business inflation expectations survey (BIES) in order to predict the amount of slack in the economy by asking a panel of business leaders about their inflation expectations in the short and medium-term. Released on July 5, the BIES says “there are early signs of […]
