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The small town of Sanand in Gujarat turned into a major automotive hub with the entry of Tata, Suzuki, Ford, Honda and Hero MotoCorp, who operated their plants from in and around Sanand. But Sanand perhaps is losing its sheen as major companies make an exit. The announcement on Thursday was made by US auto […]
The business honcho Mukesh Ambani and his wife Nita Ambani seem to have got some serious threats. An abandoned vehicle containing a bag of gelatine sticks and a letter carrying a threat addressed to Ambanis was found near their house, Antilia. A retired colonel, the president of a Reliance group company handling security matters, was […]
Global retail giant Amazon’s Amazon Pay will be distributing the wealth management services in India which is the first wealth management tie-up for Amazon anywhere in the world. Its wholly-owned subsidiary Amazon Pay has tied up with homegrown investment advisory services startup Kuvera to offer wealth management services to 50 million customers in India. Over […]
Following the last year Supreme Court directive to the airlines to refund full amounts of air tickets cancelled between March 25 and May 24, while many airlines have nearly completed the process, Air India is lagging behind with about Rs.250 crores in its pocket yet to be refunded. This, when IndiGo announced earlier this year […]
In the country where the campaign of calling cows “gau mata” has started, on the other hand, its decreasing number in Gujarat has become a matter of concern. It is worth mentioning that in spite of having Gauseva and Gauchar Vikas Board in Gujarat, the number of cows has declined amazingly in the last 7 […]
Life is a strange conundrum. While propelling ourselves towards our goals, be it sentimental or more worldly, we can hardly escape the finance. Many of us have had to deal with short term requirement of fund at one time or other. Fees payment of current semester to unforeseen medical expenses to three months rental deposit […]
While Axis Bank sells Tier 1 paper with sustainable or ESG tag, Adani Green mops up funds for capital investments. Axis Bank and Adani Green Energy (AGEL) have together launched their overseas bond sales on Wednesday, seeking to collectively gather up to 1.5bn dollars. Axis Bank has set initial price guidance of 4.4 percent for […]
Notably, the physical activity of people has reduced owing to long working hours and ‘Work From Home’ culture. So, to encourage employees to get fitter and healthier, Zerodha Broking Ltd has launched an initiative for its employees. Reduced physical activity has put an adverse effect on mental and physical well-being and so Nithin Kamath, founder […]
Key points of the MOU: A FinTech Startup Accelerator, to support growing Indian FinTech’s Joint venture by DevX, Savvy, and Flexworx MoU signed with NSE for collaboration Aimed at driving growth and scaling in Fintech arena FinX Labs, which is a joint venture by Jaxay Shah and Flexworx today announced the opening of its startup […]
Jio, which has been the largest telecom operator in Gujarat, had continued to remain revenue market share leader in the quarter ending on June 30, 2021. Compared with the previous quarter Jio’s revenue in the state increased by 7% or Rs80 crore from Rs1,045.55 crore in the quarter ending on March 31, 2021, to Rs1,125.73 […]
The import curbs at airports and ports in China add to the woes of manufacturers already stricken by an acute scarcity of chipsets for smartphones, leading to the market analysts chopping their 2021shipment estimates for the second time this year. TechArc has reduced its projections by 7 percent extra while IDC mentioned that the trade […]
For the first time in three months, Bitcoin broke back above 50,000 dollars on Monday as investors piled back into the cryptocurrency on bargain-buying. After bitcoin plunged from a record near 65,000 dollars in mid-April and trading in a range of about 30,000 to 40,000 dollars for many weeks, bitcoin has recovered. The largest cryptocurrency […]
Nirmala Sitharaman, Finance Minister in her 2021-22 budget speech said that monetising operating public infrastructure assets was a very important financing option for new infrastructure construction. After which a top Government official stated on Wednesday that the Government is finalising Rs 6 lakh crore worth infrastructure assets, including national highways and power grid pipelines which […]
Rajarishi Chakravorty, a civil engineer and marketing professional has been riding bicycles since he was just five years old. The Delhi-based cyclist has enhanced his riding distance from 10 km/ day earlier to now 35+kms/day. Currently owning two products-one each from La Sovereign and Hero stable, Chakravorty is now drawing up plans to buy a […]
Around 500 jewellery manufacturers of Rajkot will be on a one day strike on Monday so as to protest the introduction of hallmarking unique identification (HUID) number system by the Bureau of Indian Standards (BSI) for jewellery. The new requirement will slow down the business cycle of the jewellers and put customers’ privacy in danger. […]
The sharp rise in the US dollar has seen a nine-month high and a rise in gasoline over the past week. Due to which there was a sharp fall in the prices of crude oil. It is likely to decline further. An increase in corona cases may also be responsible for the fall in demand. […]
Milk production in Gujarat has now reached such proportions that the Gujarat Co-operative Milk Marketing Federation (GCMMF) is unable to sell all of it. This year GCMMF (owner of the Amul brand) was obliged to convert the surplus into milk powder and sell this in the international markets at a loss. Last month, the Gujarat […]
Indian and especially Gujarat exporters are unhappy with some of the unfavourable facets of RoDTEP ( Remission of Duties and Taxes on Imported Products ), an export incentive scheme introduced by the Central government implemented from 1sr January 2021. The rates for duty remission have been announced now, after a gap of 8 months, and […]
Reserve Bank of India (RBI) has relaxed the restriction placed on sourcing new credit cards. HDFC Bank, being the largest credit card issuer in the country with a card base of 14.8 million as of June 2021, has lost around 0.6 million cards since the embargo. After which the private lender HDFC Bank’s Managing Director […]
Indian businessman Radhakishan Damani who is an owner of retail chain DMart is now among the top 100 richest people in the world. Damani grew up in a humble background has made his place in the Bloomberg Billionaires Index which is a daily ranking of the world’s richest people. He is now ranked 98 on […]
