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As many as 3669 branches of nationalized banks will likely remain closed during the two-day strike on February 23 and February 24. The public sector banks across Gujarat will observe this strike to protest the proposed privatizationof public sector banks as part of the Banking Regulation Bill. The transactions worth Rs 17,000 crore are to […]
Kotak Mahindra Bank on Thursday signed a Memorandum of Understanding (MoU) with a wholly-owned subsidiary company of GIFT City, GIFT SEZ Ltd. According to the MoU, the area of focus will be to ease market access and cross-border activities for the fund management community. Both will jointly work on promoting the GIFT IFSC jurisdiction for […]
The Indian equity benchmarks on Thursday remained in red for the third straight day. One thing that remained constant was the upward movement in Adani Green Energy (AGEL). AGEL ended the day with a 1.40 percent rise at 1,965 points. Earlier in the day, Adani Green Energy was seen hitting a new high of 1,955.90. […]
The demand for medicines, masks, sanitisers, and home testing COVID kits has increased manifold in Gujarat which is reporting ten thousand plus corona cases for the past few days. Team VOI talked to top medical stores of Ahmedabad to compare the demand for such products in the third wave of the pandemic with that in […]
Billionaire Mukesh Ambani-led Reliance Group has picked up a 54 percent stake in global robotics company Addverb Technologies. The company with $132 million of investment became the biggest shareholder of the robotic company. Noida-based Addverb Technologies was founded in 2016 by Sangeet Kumar, Prateek Jain, Bir Singh, Satish Kumar Shukla and Amit Kumar. The company […]
MICA graduate Varun Dua founded ACKO in the year 2016 which is a General Insurance company that includes Motor Insurance, in trip domestic insurance, and Mobile Insurance, with over 70 million customers with a Run rate of 150 million dollars in premiums. ACKO has recently become the country’s unicorn after it raised 255 million dollars […]
Sensex on Monday ended in green with a marginal increase of 0.14 percent ending the day at 61,308.91 points. Whereas Nifty-50 ended 0.29 percent higher at 18,308.10 points. Important to note here is that realty(1.37%), auto(1.98%), and power(1.41%) added 1-2 percent whereas pharma and bank indices ended in red. Good overall performance was seen from […]
Crypto enthusiasts in India were a happy lot for two reasons. One was bitcoin ending 0.53 percent higher at Rs 32,18,101.32 and another was Elon Musk”s tweet that made the ‘value’ of dogecoin go to the moon literally with a 26 percent jump. The total cryptocurrency market-cap stood at $2.05 trillion whereas total market volume […]
Reliance Industries Limited signed a Memorandum of Understanding (MoU) on Thursday with the Government of Gujarat for a total investment of Rs 5.955 lakh crore. It was a part of Investment Promotion Activity for Vibrant Gujarat Summit 2022. These projects will create 10 lakh direct or indirect employment opportunities in the State. Reliance will develop […]
The fastest-growing Adani Group is continuously expanding its enterprises across the globe. Adani has signed a five billion dollar agreement with POSCO, a global steel maker. The information of which has been made public by Gautam Adani, Chairman of Adani Group himself. It is worthy to note that both the companies are of Gujarat origin. […]
Parul University is already under the radar for beating up students who were demanding Covid safety and now it has drawn more attention and criticism because the University has rusticated seven students who demanded online classes instead of being physically present on the campus. Parul University has also suspended 40 students for the same. Students […]
Ambassador of Cuba in India Aljendro Simancas Marin visited Gujarat’s biggest Industrial body-Gujarat Chamber of Commerce and Industry. On the 62nd anniversary of India-Cuba relationship, he highlighted opportunities and great potential both countries have in terms of trade. He presented Cuba as a preferable investment destination for Indian MSMEs and Education industries in India. Hemant […]
Trends – India’s largest apparel and accessories speciality chain of Reliance Retail has announced an interesting contest ‘Selfi with Kites” during the kite flying festival Uttrayan for its consumers. Across 40 stores in Gujarat, Trends would be connecting with consumers through the contest. Entries would be invited from its customers wherein they will have to […]
Telecom operators are demanding that the Telecom Regulatory Authority of India (Trai) slash the reserve price for the 5G spectrum by more than 90 per cent. According to the Vodafone Idea spokesperson reserve price for 3,300-3,670 Mhz needs to be reassessed. The operators have highlighted that Trai’s past valuation methods need to be relooked given […]
The market continued its positive run on Wednesday as Sensex opened 0.60 percent up at around 60998.90 points, in the afternoon session Sensex reclaimed the 61,000 mark and ended the day 0.88 percent higher at 61,150 points. Whereas Nifty50 opened 0.61 percent higher at around 18,187 points. NSE closed above 18,000, 0.87 percent higher at […]
India will continue to represent to China the interests of Indian students, workers and their families currently stranded back home for the last two years due to travel restrictions imposed by Beijing. Speaking at a meeting of expatriates on Pravasi Bharatiya Diwas on Sunday, Charge d’Affaires, Dr. Acquino Vimal assured the Indian diaspora of unrelenting […]
CBDT Extends Due Date For Filing IT Returns Till March 15 In a piece of good news for tax payers, the Central Board of Direct Taxes (CBDT) has extended the deadline for filing of Income Tax Returns for the assessment year 2021-22 to March 15, 2022. A press release from the Finance Ministry on Tuesday […]
The COVID pandemic has not spared the world’s largest condom manufacturer Karex Bhd., with the use of its products plummeting to as much as 40% over the past two years. Contrary to popular belief, sexual activity using the contraceptive did not increase, even with people staying home amid lockdowns. The closure of hotels and non-essential […]
Vodafone Idea Ltd. said the Indian government will own almost 36 per cent of the country’s third-largest wireless phone operator after its board approved the conversion of dues into equity. This will result in dilution for all the existing shareholders of the company, including the founders, the unprofitable wireless carrier said in a stock exchange […]
Consumer Electronics Show 2022 (Jan 5 to Jan 8) just got over in Las Vegas. Since 1967, it has gained foreground as the most influential tech event in the world. A proving ground for breakthrough technologies and global innovators, CES is where the world’s biggest brands do business and meet new partners, and the sharpest […]
