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Sun Pharmaceuticals on Friday announced that one of its subsidiaries acquired the Uractiv portfolio from Fiterman Pharma in Romania. The portfolio of the company includes food supplements like minerals, vitamins and adjuvants; cosmetics and medical devices used for maintaining urinary tract health. Uractiv is Romania’s No. 1 brand in its sector, with over a decade […]
Commerce and Industry Minister Piyush Goyal has said that he had very successful talks with UK’s Trade Secretary Anne-Marie Trevelyan, especially regarding the free-trade agreement (FTA) between the two countries. Goyal has insisted that if everything goes well and as planned, the India and the UK could finalise the FTA before Diwali. This will also […]
Income Tax Department’s probe into Asian Granito India Limited (AGL) has continued for second day in a row. Its been over 32 hours that the investigation has been underway at numerous locations of the company, including the headquarters at S.G. Highway in Ahmedabad The probe, however, seems to have been a success as the authorities […]
The much-awaited Qualifier 2 of the Indian Premier League (IPL) 2022 will be played between the Rajasthan Royals (RR) and Royal Challengers Bangalore. The match, scheduled later today, will be played at the Narendra Modi Stadium. Both teams have displayed some excellent cricket throughout the tournament. The pitch at Narendra Modi Stadium is expected to […]
Triton EV, known as a pioneer in the EV industry, has established a comprehensive Research and Development (R&D) Center facility in Kheda, Anand District, near Ahmedabad, Gujarat. The facility covers 1 lakh 50 thousand square feet and will serve as the global hub for Triton EV’s entire R&D operations, including Triton EV Trucks, Triton EV […]
Gautam Adani’s strong performance bodes well as he expands his reach. Adani Wilmar Ltd. of India is an outlier among Asia’s newly listed stocks. The food company has nearly tripled in value since its inception, while most newcomers are trading at a loss. Shares in the firm, a joint venture between Gautam Adani’s group and […]
Japanese Bank MUFG will open a branch at GIFT City(Gujarat International Financial Tech City). The International Financial Services Centre Authority in India and the Financial Services Agency in Japan have both granted MUFG Bank permission to open a branch at GIFT City. MUFG will be the first Japanese bank to open a branch at Gujarat […]
Income tax in Gujarat was all upbeat on Thursday morning as it struck on various companies in Gujarat. Raids are on at 40 premises across Gujarat. According to our income tax sources, the Asian Granito India which is headquartered in Gujarat is being raided. The Asian Granito India Limited is one of India’s largest luxury […]
Asian Granito India Limited (AGL), one of the country’s largest Luxury Surfaces and Bathware Solutions brands, reported a strong financial performance in FY22. The company reported its highest ever Yearly Sales, EBITDA, and Net Profit for the fiscal year ended March 2022, owing to healthy volume growth and improved realisation. The company has successfully closed […]
For those who do not know much about cryptocurrencies, the crypto market underwent a huge setback in mid-May with the collapse of stablecoin TerraUSD and its sister coin Luna. As the name suggests, stablecoins are to remain stable. These are pegged to fiat currency (government-issued currency that is not backed by a commodity such as […]
Grocery bills for an average middle class or even upper middle-class family has seen a huge rise. What could be amassed for a Rs 3,000 departmental store jaunt, now touches the Rs 5,000 range. Surprising, however, is that it does not last that long. Despite all prudence, bordering even on a skimpy use of say […]
Billionaire business Tycoon Gautam Adani’s Adani group and Andhra Pradesh government have agreed to establish a 10,000 Megawatt (MW) solar power project and a 3,700 MW pumped storage hydro power plant with a combined investment of nearly Rs 60,000 crore. The project has a potential to employ 10,000 people directly and indirectly. On the sidelines […]
Boon for some and bane for some, the pandemic, however did leave everyone with a story to tell. And now, as we gear towards “normal” leaving behind the “new normal,” here are facts that emerge on the economic front. “Profiting from Pain” was tabled at the World Economic Forum. This four-day meet (May 22 to […]
The initial public offering (IPO) of specialty chemical manufacturer Aether Industries will take place on Tuesday, May 24. The three-day public offering will end on Thursday, May 26. The company intends to raise Rs 808.04 crore through the IPO, with a price band of Rs 610-642 per share. While qualified institutional buyers (QIB) will receive […]
Union Minister of State for Skill Development, Entrepreneurship, Electronics, and Information Technology Rajeev Chandrasekhar stated that the next wave of startups will come from Tier 2 and Tier 3 cities. Important to note here is that he is on a three-day visit to Gujarat. In reference to India’s 100 unicorns, the Union Minister stated that […]
PM Narendra Modi gave his virtual presence on the 18th Patotsav of Ghanshyam Maharaj at Swaminarayan Mandir, Karelibaug, Vadodara. The gathering witnessed PM Modi through a digital screen on Thursday, May 19. The Gujarat State President of the Bharatiya Janata Party also graced the occasion. Many crucial ministers and BJP leaders of the state were […]
After the Russia-Ukraine war, the United States imposed sanctions on the Russian diamond producer Alrosa. However, the Surat diamond industry is in dire straits following the US sanction. In Surat, the diamond polishers, who owe loans to run their households, are trying their best to make ends meet. There is a deficit of rough diamonds […]
The Reserve Bank of India in a surprise move called a press conference on May 4 to announce a 40-basis-point hike in the repo rate. The move to prepone the Monetary Policy Committee meeting scheduled to be held in June was sparked by the sharp increase in inflation in April. According to data released by […]
Sharing the likely growth scenarios for the Indian economy for this year, Sanjiv Bajaj, President Confederation of Indian Industry (CII) said that “CII expects the GDP growth in a range of 7.4-8.2% in 2022-23, with the outlook critically hinging on the trajectory of global crude oil prices”. He was addressing the media for the first […]
Life Insurance Corporation of India (LIC) shares debuted on the stock exchanges today at a discount to the IPO price. On Tuesday morning, shares of the insurance behemoth began trading on the BSE and NSE at Rs 872 per share, down 8.11 percent from the IPO price of Rs 949 per share. On Tuesday, shares […]
