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On Monday, Union Finance Minister Nirmala Sitharaman told the Lok Sabha that the Reserve Bank of India supports the prohibition of cryptocurrencies. She was responding to an unstarred question from VCK MP Thol Thirumaavalavan, who wanted to know if the RBI had expressed concern about the negative impact of cryptocurrency on the Indian economy. He […]
At the WaghBakri headquarters in Ahmedabad, one wall of the conference room is taken up by the reproduction of a “certificate” given to the group’s founder by Mahatma Gandhi. The handwriting and unmistakable signature attest to the fact that the Mahatma “knows Narandas Desai to be an honest and experienced tea estate owner in South […]
Two employees of Gujarat Informatics Limited (GIL) have been arrested by the Gandhinagar local crime branch (LCB) after an audit of the company’s books showed that there were irregularities worth Rs28.31 crore. The two people arrested are Ruchi Bhavsar and Vikrant Kansara.Both of them were shown before the court and were sentenced to police custody […]
The Central Board of Indirect Taxes and Customs (CBIC) has published a standard operating procedure (SOP) for e-commerce exports of jewellery via courier, according to a Thursday release from the Ministry of Finance. On June 30, the CBIC published a streamlined regulatory framework for the export of jewellery via e-commerce. According to the announcement, the […]
A decision of the Ahmedabad Municipal Corporation’s Standing Committee to hand over an economically weaker section (EWS) housing project to a single builder at a price that stretches up to Rs 180 crore has run into controversy with the opposition Congress party smelling a rat in the entire deal. The AMC is learnt to have […]
Pune based fintech startup OneCard became 104th unicorn of India following a new round of funding. Temasek, one of the world’s largest investors, led the Pune-based startup’s Series D round of over $100 million. The new round values OneCard at more than $1.4 billion (post-money), up from approximately $750 million in January of this year. OneCard […]
Mandakini Parmar, a Woman Constable aided a passenger come out of the gap between railway station and a train according to Ahmedabad railway station’s CCTV video. The entire scenario took place when the woman was trying to board the already running train. The video soon went viral on social media. In the video it is […]
Local Crime Branch of Gandhinagar police have arrested an advocate, who was wanted in an murder case in Jamnagar. The accused was arrested from the high security area of New Secretariat in Gandhinagar on Tuesday. Sanjaysingh Keshur, who is a resident of Nadhuna village in Jamnagar arrived for a notary position’s interview in the secretariat […]
Students at two Gujarat exam centers, Pipero and Dasa were a part of a mass copying episode in which all 1655 of them took the same essay as their topic. Astonishingly, 675 of these 1655 were allowed to pass. 980, on the other hand, have been reported for copying their answers. A resource says that 980 students had copied […]
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 […]
