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Indian equity markets closed down on Tuesday after two sessions of gains. The market managed to reach a new record high, however, profit booking in Reliance, Tech Mahindra and Tata Motors dragged the market below the previous close. The benchmark, Sensex hit a record high of 53,129 but failed to hold on to the momentum. […]
African nation Uganda, once a second home for Gujaratis, is looking for increased partnership from small and medium enterprises of Gujarat. As part of this initiative, Ms. Grace Akello, the Ambassador of Uganda to India had a bilateral discussion about cooperation between the two parties with the state’s chief minister Vijay Rupani on Tuesday. During […]
I must admit, I was shocked when I heard the news that Citibank is planning to exit consumer banking in India. For those of a certain vintage era, Citi is an iconic organization, once considered the best job on business school campuses, offering Indians a global career. Citigroup even had an Indian-American global CEO in Vikram Shankar Pandit for five years, […]
After two months of decline, Indian passenger car manufactures are back on track with higher sales numbers in the month of June alone. Though consumer sentiments are still positive, experts believe that it may change with the rising fuel prices. Although, businesses remained shut, owing to city-wide curfew and restrictions imposed during the second wave […]
Bolstered by a supportive Union Ministry of Ayush, the ayurvedic pharmaceutical sector in the country finds itself in the pink of health, catering to the needs thrown up by the pandemic. Its wide range of immunity boosters and formulations that battle cough, fever, diarrhoea and other such symptoms of COVID-19 have taken the centre-stage this past year, giving the manufacturers an unprecedented […]
Skoda is an SUV brand known for its design, aesthetics and high-performance engine. Today Ahmedabad based Stellar Skoda launched the company’s latest offering, the Skoda Kushaq. Speaking to Vibes of India (VoI), Abhimanyu said Stellar Skoda had the credit of doing 9 percent of all India sales for the Company through their seven outlets spread […]
The Indian economy is majorly Micro Small and Medium Enterprises (MSME) sector driven. It contributes upwards bound, 30 percent to the economy in both GDP and employment generation. But this sector has been reeling under pressure and crumbling due to the slowdown in 2019, and the worst hit by the pandemic. In a recent survey […]
If the first coronavirus wave gave us Zoom and Dalgona coffee, audio-only applications are all the rage in the second wave. Clubhouse, with its 10 million app downloads in a little over a year, is this year’s breakthrough app, used by the likes of Elon Musk and Karan Johar. The audio-only social networking app allows people around the world to […]
The Federation of Indian Export Organisations (FIEO) on Thursday announced an agreement with Aramex India to support exporters from Micro, Small and Medium (MSME) segments in the country, an official statement said. The FIEO is the apex body of India’s export promotion organisations set up under the ministry of commerce. It serves an estimated two […]
In a the new initiative, Gujarat International Finance Tec-City (GIFT City) has signed a memorandum of understanding (MoU) for the acceleration of Fintech innovation and exploring the possibility of developing a Fintech Hub within the country, the first smart city and international finance centre, an official statement said. The MoU was signed between Gift city […]
Aiming to boost economic activity and to support the sectors that are severely hit because of the pandemic in the country, finance minister Nirmala Sitharaman on Monday had unveiled a mega package. Business and industry leaders have welcomed the package pegged at Rs6,28,993 crore. Welcoming the package, the trade and industry captain from Gujarat have […]
State government dues to private coal-based private power generation companies (or independent power players – IPP) are expected to be at four-year low, leading industry analysis and credit rating firm the Crisil said in its study. “Liquidation of receivables from state power distribution companies (discoms) following the central government’s Aatmanirbhar stimulus and better payment cycles […]
A local member of the legislative assembly (MLA) from Becharaji, the home of the manufacturing facility of Suzuki, has shot a letter to company management demanding 85 percent reservation for locals. The local leader has threatened that ifdemands are not meet, agitation will be launched against the car major. Bharat Thakor, the Congress MLA from […]
After announcing Rs 75,000 crore mega investment plans in the green energy business last week, Reliance Industries Limited on Tuesday announced an agreement to join a key chemicals business at Ta’ziz in Ruwais. The joint venture between two global energy players will produce Chlor-alkali, ethylene dichloride and polyvinyl chloride (PVC). The ADNDC is investing UAE […]
In the current scenario, Indian equity markets are giving equal opportunity to risk-takers and risk-averse. On one hand, when new investors are queuing up for new account openings for stock trading, some of the investors are liquidating their holdings. Experts believe investors liquidated their portfolio as fear gripped the market when Covid-19 cases started rising. […]
The bigger, wider, and scarier second Covid wave has devastated families in Gujarat. On one hand, it was hard to find health facilities on the other hand little intervention resulted in an increased financial burden on the people. Vibes of India has tried to capture the monetary burden on the people of Gujarat. The calculation […]
Australian coal project of Adani Group, stuck due to environmental, funding and local protests for over a decade has struck first coal, the company officially announced on Friday. The announcement coincided with birthday of promoter and chairman Gautam Adani, India’s second richest. The CEO of Adani’s Australian company, Bravus Mining and Resources, David Boshoff, said […]
After $44 billion (Rs3,24,432 crore) worth of fundraising by diluting stake in new-age businesses, India’s largest and most valued company Reliance Industries Limited (RIL) on Thursday declared a new $10 billion (Rs75,000) crore investment plan in the field of green energy. For Gujarat, it is going to be another proud moment as the entire investment […]
I am a housewife and I have a SIP of Rs 8000 per month in an equity mutual fund for the last seven years. I now want to sell units worth Rs 40,000 for kid’s school fees. Should I sell my MF units now? What will be my tax liability be? Should I go for a personal loan instead of […]
