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Tata Motors looks set to take over Ford India’s passenger vehicle manufacturing plant in Sanand, 40 km from Ahmedabad. Both the companies have submitted a consented proposal to transfer Ford’s passenger vehicle manufacturing plant ownership to Tata Motors. A High-Power committee (HPC) will give a nod to the proposal. The government of Gujarat formed an […]
In a bid to crack down on fraudulent ways of tax evasion, the state GST department has undertaken an intensive operation to comb out the defaulters. The modus operandi most preferred seems to be setting up firms in the names of real people from the financially challenged sector. Then, take over the enterprise and retain […]
Whoever said that pizza makes for a simple meal, think again. As per the Haryana Appellate Authority for Advance Ruling (AAAR), “a pizza topping is not a pizza and hence should be classified differently and levied a higher 18 percent goods and services tax (GST).” Classification of products has been a complex issue under GST. […]
A statement released by Reliance Industries on Monday read, “Reliance New Energy Ltd., a wholly-owned subsidiary of Reliance Industries Ltd., said it had signed definitive agreements to acquire the assets of Lithium Werks BV for a total transaction value of $61 million, including funding for future growth substantially.” Lithium Werks BV was founded in 2017 […]
India’s retail inflation rose to 6.7% in February mainly due to an uptick in food prices, according to data released today by the Ministry of Statistics & Programme Implementation (MoSPI) The retail inflation is mastered by the Consumer Price Index (CPI). The rise in the CPI-based retail inflation was backed by the rise in the […]
Bhupendra Patel, CM of Gujarat, attended the closing ceremony of the 16th edition of the GIHED Property Show on Sunday evening. The three-day show ended with an overwhelming response from developers and investors, drawing at least 80,000 visitors. As many as 250 projects were featured at the show. During their discussions with the chief minister, […]
Billionaire Gautam Adani’s APSEZ on Tuesday signed an agreement with Indian PSU- Indian Oil Corporation(IOC). According to the agreement IOC will build infrastructure for new crude oil tanks at Mundra. This will help IOC augment its crude oil volume. Adani’s APSEZ will handle and blend 10 mmtpa crude oil for IOC. Important to note here […]
Sensex on Monday sheds around 2.74 percent and ends the day at 52,842.75, down around 1491 points. Nifty, on the other hand, ends below 16,000 points. Since the start of the month, nifty has declined by over 5 percent. Volatility in the market is visible after Russian President Vladimir Putin ordered the invasion of Ukraine […]
The GST Council is likely to push for raising the lowest tax slab to 8 per cent from 5 per cent currently keeping the revenue for the states in mind and reducing their dependence on the Centre for compensation. A panel of state finance ministers is about to submit its report by this month in […]
On Sunday, the Central Bureau of Investigation (CBI) arrested former MD and CEO of National Stock Exchange (NSE) Chitra Ramkrishna in a co-location scam in the exchange. Her arrest comes after the Special CBI Court in Delhi rejected her anticipatory bail on Saturday. Before her arrest, she was quizzed for three days, and the CBI […]
Adani properties has expressed interest in bankrupt Housing Development Infrastructure Ltd (HDIL). According to the reports around eight companies have shown interest in the distressed company out of which Adani properties has emerged as a favorite to acquire HDIL. Housing Development Infrastructure Ltd’s corporate insolvency and resolution process started after the National Company Law Tribunal […]
Billionaire Gautam Adani led group announced their investment in Colombo West International Container Terminal on September 30, 2021. Speaking exclusively to Vibes of India, Dr Valsan Vethody, Consul General of Sri Lanka in Mumbai, termed Gujarat Headquartered Adani Group’s investment in Sri Lankan port a win-win situation for Sri Lanka and India. Dr Valsan Vethody, […]
Reliance Industries Limited’s subsidiary Reliance Strategic Business Ventures Limited and US-based manufacturing firm Sanmina Corporation have entered an agreement to create a manufacturing joint-venture to make electronics in the country. In a press statement Thursday, RIL said the move backs the government’s “Make in India” initiative. Trade analysts are optimistic that the move will create […]
The Confederation of Indian Industry (CII), Gujarat held its annual meeting on Wednesday. The theme of the meeting was ‘Rising Gujarat: State Agenda for India at 2047.’ In the annual meeting, Anand Desai, Managing Director of Anupam Rasayan India Ltd was appointed as the Chairman of CII, Gujarat. He took over from Vinod Agrawal of […]
Much-awaited IPO of Life Insurance Corporation of India (LIC) may get delayed given the deteriorating geopolitical situation and the consequent volatile state of financial markets. Finance Minister of India Nirmala Sitharaman said that they might review the timing of the launch of the IPO. Usually, IPOs are launched when the market is in a bullish […]
The Indian investors will now be able to trade and invest in eight leading US companies directly from NSE IFSC (NSE International Exchange) from March 3, stated the NSE IFSC circular. This comes as a result of the fact that Indian investors have been steadily increasing their investments in US companies for the last […]
The boardroom battle that has played out over the last two months in one BharatPe has been anything but friendly with allegations and counter-allegations. Even though the results of an internal investigation against co-founder Ashneer Grover and his wife, Madhuri Jain Grover, are still awaited, Grover has resigned from one of the company’s directors and […]
An interactive session was organized by the Gujarat State Council of FICCI on “Decoding the New IT / ITES (Information Technology) & Biotechnology Policy 2022 – 27” in Ahmedabad. The session was chaired by Vijay Nehra, IAS, Secretary, Department of Science & Technology, Government of Gujarat. FICCI Gujarat Holds Interactive Session With Vijay Nehra And Other […]
The Raopura police station is investigating a scam that duped 91 individuals of 1.09 crore with the false promise of constructing houses under the Pradhan Mantri Awas Yojana (PMAY). According to a complaint filed at the Raopura police station by the Vadodara Municipal Corporation (VMC), imposters cheated 91 unsuspecting individuals by offering to construct houses […]
Rama Sastry, IPS, ADG, BSF Western Command visited BSF Gujarat Frontier to check the security situation at the frontier. Upon his arrival at the Frontier HQ of BSF Gujarat on February 24, 2022, GS Malik, IPS, IG, BSF Gujarat briefed him on BSF Gujarat’s operational and administrative aspects. On February 25th, he left for Bhuj, […]
