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Gift City, Gandhinagar has decided to market itself internationally, inching towards its stated raison d’etre. Deciding to participate with vigour at EXPO 2020 in Dubai, it has planned two dedicated panel discussions on investment opportunities. The Gift City MD Tapan Ray will deliver a keynote address. Global investors from Southeast Asia, Middle East, Europe, and […]
It is a telling scenario where 150103 loan applications sanctioned by the banks in first quarter in FY 2020-21, only 84087 opted for disbursement while in 2021-22 during the corresponding quarter the figures read as 327368 disbursements out of sanctioned loans of 360108. It means that while in 2020-21 the percentage of disbursement to sanction […]
The official figures have finally revealed that what was an open secret until now – the pandemic has hit hard the less privileged section of society. PMMY or MUDRA as it is known is a kind of credit facility typically provided to small and medium enterprises engaged in manufacturing, trading, or services. In its penchant […]
All is not well for the foreign auto makers who set the shop in India. After the news of Ford deciding to leave the country, Honda’s news of having incurred loss is another shock. As per the returns filed with on the Ministry of Corporate affaires, Honda Car India has posted net loss of Rs. […]
More than half a century after India’s biggest conglomerate surrendered control to the state, ending the government’s hold over an airline – Tata Sons Pvt Ltd is all set to take over Air India Ltd, again. The proposal has been accepted by a panel of ministers from bureaucrats who recommended the bid ahead of an […]
AGL filed a writ petition in the Gujarat High Court feeling resentful, challenging the various Regulations under the PNGRB Act and also the grant of authorization to a competitor which is a state-entity – Gujarat Gas. The High Court dismissed AGL’s petition in 2018. AGL approached the Supreme Court challenging the High Court’s dismissal. One […]
Amidst the extraordinary bullish run of the markets which saw Sensex crossing the ceiling of 60000, share prices of fourteen companies from Gujarat have doubled or more than doubled their value. leading the pack is Ganesh Housing with an increase in price by 416%. R&B denim with 305%, Adani Total gas with 270%, Monarch Networth […]
The Centre received around 18 bids of nearly 40 gigawatts (GW) under the Production-Linked Incentive (PLI) scheme for solar photovoltaic module manufacturing from several undisclosed companies till September 19, a report said. Amongst them as many as 19 firms, including Reliance Industries Ltd (RIL), Adani Group and Tata have shown interest for setting up solar […]
Systematic Investment Plan pan India touched an unprecedented level of Rs. 10,000 crores and the trend is still bullish. With several new investors joining for SIPs and the present investors continuing, Gujarat’s equity mutual funds also continue to swell in line with India. The rally in the stock market has also helped fuel asset growth. […]
The Sovereign Gold Bond, launched by the Government of India first in 2015 provides the investors an option to exit after five years, 2 to 3 years – depending upon the series- earlier than the investment comes to its term. The 2015 and 2016 series have now come up for redemption. However, as per RBI […]
Apple customers are very excited about the features of the new iPhone 13s which is going to hit the market on Friday this week. The iPhone is always innovating in technology to give its customers something new and this time the new iPhone 13s includes a carbon footprint. Updated features in the new iPhone 13s […]
The Indian rupee depreciated 26 paise to 73.87 against the US dollar in opening trade on Wednesday tracking a strong American currency in the overseas markets ahead of the outcome of the US Fed meeting. At the interbank foreign exchange market, the local currency opened at 73.70 and witnessed an intra-day high of 73.66 and […]
The traditional logistics industry, which was pretty unorganised until half a decade back, isslowly transforming itself to a high impact sector which is tech driven and globallyintegrated. Furthermore, the robust growth witnessed in e-commerce is one of the leadingdrivers for this industry in the country. Over the last one and a half years due to […]
The NLCAT closed insolvency proceedings against Oyo and one of its subsidiaries and disallowed the intervention of external parties in July. A Siliguri-based hotelier has challenged a National Company Law Appellate Tribunal (NCLAT) ruling that closed insolvency proceedings against OYO and one of its units, in the Supreme Court. The hearing is scheduled for September 13 before […]
Brothers and founders of Chips Express Pvt Ltd, Vimal and Tushar Patel launched their ready to eat food packs Hungrill (meaning Hunger Will) in January 2020 and Covid-19 happened. But Covid-19 came as a boon for their newly established business of ready to eat food packs. “The food is not dehydrated or uncooked with instructions. […]
Reliance Jio made an announcement on Friday that it has put off the launch of JioPhone Next, the low-priced smartphone developed in partnership with Google, to Diwali. The phone was initially scheduled to be launched on September 10 on the occasion of Ganesh Chaturthi. The company further said in a statement that both the companies […]
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 […]
