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After two days, which saw the market lose Rs. 9.21 lakh crore, investors on Tuesday were relieved as it recovered around 500 points. Yesterday, on BSE as many as 2699 stocks were in red, record 540 stocks were seen hitting the lower circuit and 90 stocks touched 52 week low. Today, the market witnessed 2281 […]
After the Diwali Silk City of India, Surat is facing a tide of recession. The Market had just recovered after the covid but it seems that recession is returning in the textile market, which has left the textile traders worried. Following the recession Mill owners have decided to give employees 2-3 days off in a […]
The BSE Sensex closed solidly 2.09% lower on Monday and recorded the worst decline of the month so far, as investors felt the jitters of the spread of corona variant omicron. Market closed 1189.73 point down at 55822.01 with intra-day high of 56,538 and low of 22,132. The Nifty 50 closed 371 points at 16,614. […]
WardWizard Innovations and Mobility Ltd signed a Memorandum of Understanding (MOU) with the Gujarat government to invest Rs. 500 crore, this MOU was signed as a part of Vibrant Gujarat Global Summit 2022 The agreement aims to foster the growth of the electric vehicle industry and meet the government’s vision of strengthening green mobility in […]
First, it was all about owning a car. Then, driving in congested cities became a problem. Subsequently, calling in a cab, proved easier and economical too. But with vehicular population choking arterial roads, lanes and by-lanes, where are we headed next? The answer, it seems, may be found in entrepreneur Arjit Soni’s futuristic vision. “MYBYK […]
Omicron has officially entered Gandhinagar today, with a 15-year-old student who recently came from London who has tested positive for the omicron variant of the Corona Virus in Sector-1 of Gandhinagar. The student is currently being treated in a private hospital. Since this case has been registered before the Vibrant Gujarat Global Summit 2022 in […]
Experts from various states of the country participated on the second day of the Thoracic Endoscopy Conference Tescon-2021 being held at Gandhinagar. During this three-day conference, Chief Minister Bhupendra Patel said that the medical world, including pulmonologists, chest physicians and thoracic surgeons, has rendered divine service to the entire human society during the Corona period. […]
Gujarat Chamber of Commerce and Industry’s Business Women Committee headed by Chairperson Kusum Kaull Vyass and IPR Task Force today organized a seminar on basics of patent, trademark, design, and copyright. “This seminar was aimed at simplifying and explaining the nuances of trademarks, designs, patents and copyrights and how it is helpful to women entrepreneurs […]
The New Year will begin with an increased Goods And Services Tax on textile and footwear. The GST slab is increased to 12% from 5%–on textile. The traders are already up with their grievances; meanwhile the big question is: will Union Budget 2022 bring any major changes for income tax slabs? Considering the new Covid […]
Adani Group Chairman Gautam Adani – currently the 14th richest person in the world having a net worth of Rs 6 trillion (9 78.9 billion), is all set to venture into a new industry. Gujarat’s Adani Group has been entering different sectors for some time now. The company is now going to produce cement after […]
Maharashtra has reported the highest number of complaints against e-commerce companies followed by Uttar Pradesh and Delhi. The Union Minister of State for Consumer Affairs, Food and Public Distribution Ashwini Kumar Choubey informed Rajya Sabha that a total of 5,12,919 complaints against e-commerce platforms has been registered in the National Consumer Helpline from April 2019 […]
Gujarat Fluorochemicals Limited (GFL) closed 4% lower on Friday after a chemical explosion at its factory in Panchamahal killed five workers and injured more than 15 on Thursday. This comes after the stock ended 9% lower yesterday. In two days the stock has lost around 13%. The company informed the market regulator about the fire […]
The latest ICICI Securities report on the real estate sector for 2022 predicts a bright outlook for the residential and business verticals, but it has brought out that the Covid-19 spin-off of Work from Home (WFH) is likely to be a permanent feature. The recently released report says though not all employees in the corporate […]
The Central Government has lowered the Goods and Services Tax rate to 5% from 18% on ethanol meant for blending under the Ethanol Blended Petrol (EBP) Programme. The procurement price of ethanol produced from sugarcane based feed stocks like heavy molasses, sugarcane juice, sugar, sugar syrup are fixed by the Government and from food grain […]
The NGO, Hazira Kantha Vistar Odhyogik Pradushan Niravaran Samithi (HKVOPNS) alleged that the Hazira plant of the company had not complied with the Environment Clearance (EC) conditions and made no mandatory disposal in line with the environment clearance conditions. It had also expanded the plant without due clearance. The NGO has voiced its concerns in a memorandum to […]
Whether the Income Tax department did pan out a deliberate delay in summoning defaulters, or the evaders did manage a successful evasion for 10 years, remains to be seen. Late last weekend, a number of companies and individuals were served notices of IT raids dated 2018. Offenders were directed to file returns from a 6 […]
Ever since the BCCI (The Board of Control for Cricket in India) announced Rohit Sharm as the new ODI captain, Indian cricket is going haywire. Sharma will be succeeding Virat Kohli in this role who had originally stepped down only in T20Is. However, this announcement from the BCCI has received mixed reactions from the masses […]
Tax evasion knows two easy routes. First, generate false accounts attributed to companies that exist only on paper and show them as a loss-making unit. Second, take the flight out and stash away the earnings in foreign accounts. On Tuesday, Minister of State for Finance, Pankaj Chaudhary, submitted a written reply in Rajya Sabha stating […]
In what seems like a massive boost to the Farming sector in Gujarat, the State Government signs MOUs worth Rs 2359 crore at a Pre-Vibrant Gujarat Summit which is going on at Anand Agriculture University. The focus of this summit is entering a new era of co-operation in agro and food processing. Looking at the […]
Gujarat reported one more case of Omicron infection from Surat on Monday, taking the total in the State to four. Official sources confirmed that a 42-year-old man from Surat who had travelled to South Africa and Abu Dhabi had tested positive for Covid-19 days after landing in the city on December 2. The man, who […]
