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The 14 year old contentious PPA issue of Gujarat Urja Vikas Nigam Limited(GUVNL), the Gujarat government’s power supplier and Adani Power has finally been resolved with Adani Power agreeing to relinquish its rights to Rs 11,000 crores which the GUVNL was supposed to pay them. The matter had reached the Supreme Court. Sources have confirmed […]
Gujarat based industrialist and billionaire Gautam Adani who is determined to be the infrastructure man of Asia and the world’s largest green energy producer has now decided to set up a new company for new age products. It is with this reason that his logistics-to-energy conglomerate has set up a new subsidiary, ANIL to undertake green hydrogen […]
The Enforcement Directorate has uncovered raids across the country in connection with a fake cryptocurrency called Morris Coins, in which the company launched an “intimate coin offering”. Investors in Kerala, Tamil Nadu and Karnataka are estimated to have sunk an estimated Rs 3,000 crore. In this case, the police have raided Bangalore’s Longrich Technology, Morris […]
Leading Goldman Sachs research analyst Zach Pandl has predicted that Bitcoin will eat into the market share of gold in 2022 with digital assets gaining wide currency across the world. Citing market capitalization of Bitcoin at $700 billion, Pandl says the returns from it are higher though gold looks bigger at $42.6 trillion in terms […]
Reliance Industries Ltd’s retail arm has invested $200 million for a 25.8% stake in the Indian online delivery platform Dunzo. The idea is to get a foothold into the rapidly growing market of superfast dispatch of household goods. Dunzo will use the funds to expand to 15 cities from its current seven-city operation. Mukesh Ambani-owned […]
Farmers of Gujarat’s Aravalli district find themselves in a tough spot for two consecutive days as their requirements for chemical fertilisers remain unmet. Reportedly, for two days in a row, farmers at Rellawada in Aravalli’s Medhraj have been facing severe problems regarding chemical fertilisers as they have been getting only one bag of manure against […]
Over rising concerns for the supply in domestic power plants, Indonesia – the world’s largest exporter of coal has banned the export of coal which is adversely affecting industries using coal. According to reports around 40,000 tons of coal is being supplied every day to various industries spread across South Gujarat. The coal prices in […]
India has achieved the highest ever merchandise export of USD 37.29 billion in December 2021, which shows an increase of 37 percent over the same period last year, said Union Minister of Commerce and Industry, Piyush Goyal. Data shows that India’s merchandise export between April-December 2021 stood at USD 299.74 billion, with an increase of […]
GST revenues for the Central Government in December 2021 are 13 percent higher than the revenues in the same month last year and 26 percent higher than in December 2019, the Finance Ministry said on Saturday. Total of Rs. 1,29,780 crore of GST is collected by the Government in the month of December of which […]
Nirmala Kurien, 63, is best known for being the daughter of Verghese Kurien, but she’s a remarkable personality in her own right. A divorcee and a single parent, Ms Kurien built an independent career in Chennai, to support herself and her son Siddharth. She is currently General Manager, Human Resources, at Sankara Nethralaya eye hospital. […]
Samsung might bid adieu to Android Operating System and replace it with a new Fuchsia OS. Fuchsia is Google’s new operating system and the fact that Samsung has contributed to the development of this Operating System gives air to the reports of it being the chosen OS by the company. For their recently launched Galaxy […]
The protest of traders against increase in goods and services tax on textile has finally payed off as GST Council has decided to defer the hike in GST rate on textiles from 5 per cent to 12 per cent. Several states flagged higher tax rate on textile products from January 1 and demanded that the […]
On social media, Two words are used like hotcakes right now, NFT and Web 3.0. NFT is a short abbreviation of Non-Fungible Tokens. It is so famous that Collins Dictionary has declared it as a ‘Word Of The Year- 2021’. The thing about NFT is that many people in India try to talk about it […]
A revised slab for Goods and Services Tax (GST) will come into effect from January 1. The changes were declared by the Central Board of Indirect Taxes and Customs (CBIC) on November 18. So be prepared for prices that will only get higher. Tags on clothes and footwear will increase as the GST rate on […]
Life has changed. The way we live, work, educate our children or log-in for virtual meets is happening a new way. Our means of income, investment and spends have also entered the e-commerce avenues, some with e-wallets and some with online payments. Little wonder then that the top tech trends for 2022 will be a […]
The Reserve Bank of India on Tuesday released the “Trend and Progress of Banking in India 2020-21” report. The report showcases the overall performance of the banking sector which includes co-operative banks and NBFCs- Non banking financial institutions during 2020-21 and 2021-22 so far. Main Highlights of the report: Consolidated balance sheets of scheduled commercial […]
Global Real Estate consultancy Knight Frank’s latest report ‘Affordability Index’ puts a stamp of approval to what developers and many experts have been saying about the Real Estate market of Ahmedabad with the city being declared the ‘Most Affordable’ market in the country. Knight Frank on Wednesday released its report ‘Affordability Index-Rediscovering Affordability’, for which their time […]
From January 1, a uniform goods and services tax of 12% will be imposed on man-made fibre and readymade garments even as the textile industry is worried that it will increase prices, hurt demand and cause job losses. In this light, the Confederation of All India Traders (CAIT) has declared a one day strike. In […]
The New Year will begin with more burden on the pocket. Two days from now, withdrawing money from ATMs, buying cars, clothes and footwear will become expensive. The Reserve Bank of India has allowed increase in charges on cash withdrawals after free transactions. According to the RBI, after a free transaction, the bank will be […]
The stock market ended marginally lower on Thursday. The market witnessed 1979 shares ending in green and 1309 shares which declined. The market closed at 57,806.49 down 0.16 percent. The NSE closed at 17,213.60 down 0.11 percent. Top Gainers were: No Company Name Gains(in %) 1 Paramone Concepts 20.00 2 Cybertech System 20.00 3 VMV Holidays Ltd. 20.00 4 Nureca […]
