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Even as the opposition Congress is still busy trying to disentangle from its own organisational issues, the BJP is already discussing the brass stacks with the Rashtriya Swayamsevak Sangh and its ancillaries are likely to play a bigger role in the Gujarat Assembly election strategies this time.Top BJP sources confirmed to Vibes of India that […]
Ola Cars yesterday announced that its CEO, Arun Sirdeshmukh, had resigned from his position just seven months after joining the company. Sirdeshmukh joined the company in October 2021. Nevertheless, this news closely follows the group’s decision to expand the role of CFO GR Arun Kumar. During the announcement, the company said that with Sirdeshmukh’s exit, […]
Apple has stopped accepting debit and credit card payments in India. Apple has stopped accepting credit cards issued by Indian banks for subscriptions and purchases. Apple will also not accept credit card payments from Indian banks for ad campaigns on Apple Search. All campaigns will be halted on June 1st.The change is the result of […]
Supply chain company Delhivery has fixed a price band of ₹462-487 a share for its ₹5,235-crore initial public offering (IPO), which will open for subscription on May 11. Addressing an online press conference on Thursday, Delhivery’s Chief Business Officer Sandip Basaria said that the company is well positioned to gain from current economic trends. “The […]
Gujarat is emerging crucial to the Atmanirbhar Bharat Dream. The state’s export figures have doubled in a year, leaving behind previous leaders Maharashtra and Karnataka. Among indigenous items that bring in the highest FOREX earnings for Gujarat are cotton yarn, ceramics, petroleum, diamond, electrical engineering products, chemicals and oil seeds. Amassing a total of Rs […]
The Women’s Wing of real estate developers’ body CREDAI Ahmedabad organised a seminar on building awareness on legal & financial awareness. Paridhi Adani, Partner and Head-Ahmedabad at law firm Cyril Amarchand Mangaldas (CAM) along with Rinkel Singh, Senior Associate, Dispute resolution team at the law firm, addressed around 90 women belonging to the real estate […]
In a surprise press conference held on Wednesday, Reserve Bank of India’s Governor, Shaktikanta Das, announced the increase of RBI’s repo rate. The RBI Monetary Policy Committee hiked the repo rate by 40 basis points. The change implies that the current repo rate is 0.4 percent. During the press meeting, Governor Shaktikanta Das mentioned the […]
Tata Power Renewable Energy has completed the construction of a 120 MW solar project in Masenka, Gujarat. Tata Power Renewable Energy Limited (TPREL), a wholly owned subsidiary of Tata Power, has commissioned the solar project, which will generate 305247 MWh per year for the Gujarat Government (GUVNL), according to a company statement. The installation used […]
With demand building up, the LIC IPO, which opened for subscription today, is likely to be oversubscribed, which means it will be listed at a premium to the issue price. Whether the scrip will stay above the issue price in the medium term will depend on LIC’s results over the next few quarters. Deepak Jasani, […]
Ahmedabad airport inaugurated its first Electric Vehicle (EV) charging stations on Tuesday. Adani Total Gas has installed the charging stations at the entrance and exit of the airport. The Adani Group, which took over the management of the airport in November 2020, has been introducing a series of changes aimed at improving the passenger experience and […]
Ever since Elon Musk took over Twitter, there have been speculations over how the platform might get transformed. Industry experts are keeping a close what on what changes Musk might implement and how they will affect the users. Musk has repeatedly indicated that he would bring in many changes to the platform, especially regarding free […]
Adani Wilmar Ltd (AWL), the country’s largest fast moving consumer products company by revenue, has bought packaged foods brand Kohinoor from American conglomerate McCormick for an unknown fee. Apart from the premium basmati rice brand, the sale also includes its umbrella brands Charminar and Trophy, which are worth around Rs 115 crore in total. With […]
The anchor investor portion of Life Insurance Corporation of India’s (LIC) initial public offering (IPO) was fully subscribed on May 2, according to a stock exchange disclosure from the company. According to the filing, domestic mutual funds (MFs) accounted for more than 71% of the anchor book portion. In total, the state-owned insurance company issued […]
The Chief Minister of Gujarat, Bhupendra Patel, has accepted Gandhinagar Secretariat’s demand to make the building centrally and fully air-conditioned. Bindeshwan Desai, head of Gujarat Secretariat Section Officers’ Association, and Pratap Singh Chauhan, General Secretary of Gandhinagar Secretariat, put forward the demand to install air-conditioners throughout the office. The nine floors of the Secretariat Block’s […]
Adani Group, which handles diverse businesses, is now engaging with foreign banks and global private equity investors to chalk out plans in the healthcare business. Adani Group, is an Indian multinational conglomerate company, headquartered in Ahmedabad. It was founded by Gautam Adani in 1988 as a commodity trading business, with the flagship company Adani Enterprises […]
Tesla rival Triton EV is all set to begin production in India as the company announced on Monday the acquisition of the AMW Manufacturing Plant in Bhuj, Gujarat. This 3.7 million square foot manufacturing plant infrastructure will serve as the epicentre of Triton EV’s EV Truck Manufacturing Hub.Triton EV’s acquisition will ensure a quick turnaround […]
Spicejet flight traveling from Mumbai to Durgapur on 1st May 2022 experienced severe turbulence that injured 17 passengers. The airline spokesperson said that passengers received minor injuries because the overhead cabin luggage started dropping on them as the turbulence occurred. Spicejet airline authorities verified the event as the flight landed. SpiceJet Boeing B737 aircraft operating […]
The Bombay Stock Exchange (BSE) has decided to showcase its significant history with the help of the Brihanmumbai Municipal Corporation (BMC). A copy of the raging bull will be created and placed near a traffic junction outside the BSE. Currently, the original is on the ground floor of the BSE building. The statue would be […]
In its latest report, the World Gold Council (WGC) has said that demand for gold in India during the first three months of 2022 stood at 135.5 tons, marking a sharp year-on-year decline of 18%. The gold demand during the same period of 2021 was recorded at more than 165 tons. In terms of value, the […]
India’s premier management institute, IIM-Ahmedabad, in collaboration with Insolvency and Bankruptcy Board of India (IBBI) jointly hosted the first-ever International conference on insolvency and bankruptcy, Saturday. The event served as an inaugural session to the two-day meet at the IIM(A) campus. The conference will have over 40 scholars of economics, law, finance, banking and management […]
