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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, […]
According to a recent development, the Ahmedabad plant of Japanese carmaker Suzuki Motor could manufacture electric cars for Maruti Suzuki and Toyota. Suzuki, the parent of Maruti Suzuki, has been selected for benefits under the government’s production-linked incentive (PLI) scheme and might make green cars as per the requirements of Maruti and Toyota. Maruti MD […]
Russian military operations in Ukraine’s eastern regions, which Russia has recognized as independent countries, resulted in carnage on Dalal Street. Sensex registered its 4th worst fall ever. Almost 90 per cent of stocks ended in red, and investors are losing more than Rs 13 lakh crore in the market value. BSE Sensex went into a […]
On Tuesday, Dubai inaugurated the museum of the future, a structure it endorses as the world’s most beautiful building. The museum is seven-storey hollow silver ellipse decorated with arabic calligraphy quotes from dubai’s ruler. Also it takes pride of place on Sheikh Zayed road, the city’s main highway. The building’s striking front was lit up […]
Every war has consequences, and the Russia-Ukraine crisis will be no different for India as it will have a substantial economic impact on the country. India will be impacted as countries in conflict-Russia, and Ukraine accounts for 90 percent of India’s sunflower oil imports. As the conflict between two adversaries is in no way cooling […]
The escalating tension between Ukraine and Russia has made the market take a beating. On Tuesday, the domestic equity market benchmark BSE Sensex ended in the red for the fifth straight session at 57,300.68. Due to this, in just five sessions, the market capitalization of five out of ten Gujarat based companies fell by Rs […]
The government has no intention to limit the usage of blockchain technologies for other than those related to payments and the emergence of crypto assets, a Finance Ministry official stated, allaying industry players’ fears stemming from the Center’s ambiguous stance on the legitimacy of crypto assets. Finance Secretary T.V. Somanathan stated at post-budget interaction “I […]
IDFC FIRST Bank MD and CEO V Vaidyanathan is in news for one of the most inspiring philanthropic acts as he gifted shares worth Rs 3.95 crore to his support staff. Vaidyanathan has gifted his 9 lakh shares of the bank to help a total of five people including his driver, house help, trainer to […]
Business tycoon Gautam Adani led Adani Group on Monday announced that they have signed an MoU with Canada’s alternate energy major Ballard Power Systems. The non-binding MoU will evaluate an investment case for the commercialization of hydrogen fuel cells in mobility and industrial application in India. Under the MoU, both companies will examine various options […]
India’s largest 4G and mobile broadband digital service provider Reliance Jio will provide high speed and high capacity multi-terabit India-Asia-Xpress (IAX) undersea cable system in Hulhumale, Maldives. The high-speed internet system will connect the Maldives to major internet hubs in India and Singapore. Jio’s IAX project is in collaboration with Ocean Connect Maldives. The IAX […]
