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Chances are, you or a family member of yours holds a LIC policy. At 40 crore insurance policyholders, LIC covers almost 30% of the Indian population, and in that capacity manages to play a unique socio-economic role that is unmatched by any other institution not just within India but globally as well. Consider, for instance, […]
Indian billionaire Mukesh Ambani ’s Reliance New Energy Solar Ltd(a wholly-owned subsidiary of Reliance Industries Ltd) recently bought United Kingdom’s Sodium battery maker Faradion for $136 million. “Mukesh Ambani ‘s Reliance will use Faradion’s state-of-the-art technology at its proposed fully integrated energy storage giga-factory as part of the Dhirubhai Ambani Green Energy Giga Complex project […]
J.S. Bandukwala, a well-known rights activist who spent many years working towards a more inclusive society, passed away on Saturday morning in Vadodara, Gujarat. He was 77 and is survived by a son and a daughter. According to his doctor, Bandukwala, who lived alone, had been unwell for the last week due to age-related complications. […]
An SBI circular, issued on December 31, refrained women who are more than three-month pregnant from joining work. The bank’s notice termed these women “temporarily unfit.” Taking cognisance of the same, Delhi Commission for Women’s chairperson, Swati Maliwal’s protest and tweets have jointly yielded results. “State Bank of India seems to have issued guidelines […]
Adani Wilmar’s IPO opened on Thursday for a subscription. The company is offering shares in the price range of Rs 218 to 230. Important to note here is that Adani Wilmar is a Joint Venture between Adani Group led by billionaire Gautam Adani and the Wilmar group of Singapore. The Joint venture was formed in […]
Sensex on Thursday sheds around 1% and ends the day at 57,276.94, down around 581 points. Nifty on the other hand ends below 17,200 points. Volatility in the market was visible after the US Federal reserves indication to raise interest rates from March and foreign funds outflow from the market was another reason. The market […]
The International Monetary Fund (IMF) on Tuesday released the World Economic Outlook update which downgrades global growth rate (half a percentage point than what it predicted in the October World Economic Outlook(WEO). India’s growth forecast also comes down half a percent point as the new data predicts 9 percent Growth domestic product (GDP) for the […]
After witnessing mayhem on Monday where it lost around 1500 points, Sensex on Tuesday was seen recovering from the major loss. It gained around 366 points at the end of the day. As investors preferred to buy the shares at low prices, sensex ended the day in green at 57,858 points with a gain of […]
The Gujarat Government is often found to be in a tearing hurry to claim the numero uno status for almost everything, but it sometimes jumps the gun. It claims that the State leads in facilitating startups and even topped the State Startup Rankings 2019 initiated by the Department for Promotion of Industry and Internal Trade (DPIIT) […]
Dalal street witnesses mayhem on Monday as all constituents end in the red. Sensex nosedives 1545.67 points to end at 57,491.51 points. Whereas, Nifty plunges 465.05 points to end at 17,149.10 points. In the last five days, investors lost Rs. 17.54 trillion worth of investment. The Nifty is down around 6 percent in the last […]
The Sensex on Monday tanked by more than 1,200 points, hours after opening into red, slipping below the 58,000-mark. It was trading at 57,797 at the time of writing this report. The equities markets have witnessed heavy selling pressure for five consecutive sessions now. The Sensex opened in the red at 59,023.97 points and tumbled […]
The Doshi we know Organization has announced the Doshi fellowship which will support young scholars and practitioners who wish to study a contemporary situation, find suitable responses to its challenges or are looking to carry out innovative experiments. The organization will award a sum of Rs 3,00,000 to the suitable candidate. In exceptional cases organizers […]
Adani Group’s FMCG giant company, Adani Wilmar is all set to go public with their public issue of Rs 3,600 crore. The public issue will open on 25th January with a share price of Rs 218-230. Listing date is set on February 8, 2022. Adani Wilmar Ltd serves three business categories: Edible Oil, food & […]
The world is slowly moving towards green and conventional energy sources. In this light, the Union Minister of Power and New & Renewable Energy R.K Singh reviewed the progress of the Roof Top Scheme on 19th January 2022. Post the review, the Minister gave directions for simplifying the Roof Top Scheme, so that the people […]
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 […]
