Adani hand-shakes with French Energy Major Total, to sell fuel & gas in India

PARIS | NEW DELHI | AHMEDABAD | MUMBAI | RAJKOT – Keeping in view the road infra growth story and the rising middle class consumer in India, French energy major Total S.A. inked pact with Indian conglomerate Adani Group to enter the energy market in India. Both companies aim to develop multi-energy offerings to the

Maruti Suzuki’s Japan-India Mfg Inst in Gujarat, welcomes 2nd batch

MEHSANA | NEW DELHI | MUMBAI | RAJKOT – After recording 100% placement for its first batch, Maruti Suzuki’s Japan—India Institute for Manufacturing (JIM) at Ganpat University in Mehsana, Gujarat welcomed its second batch of 362 students, the company said in a press release submitted to the exchanges in India on Tuesday. JIM is set

Alembic gets US FDA nod to market diet-exercise equivalent pill, for diabetics

VADODARA (BARODA) | MUMBAI | RAJKOT – In a regulatory filing submitted on Tuesday, Vadodara headquartered and Amin family owned Alembic Pharma said of having got approval from US FDA (Food & Drugs Administration) to market diet and exercise equivalent pill for diabetic patients. Alembic Pharmaceuticals Limited today announced that the company has received tentative

INOX Leisure commences 132nd Multiplex in India at Bengaluru

VADODARA (BARODA) | MUMBAI | RAJKOT – In a regulatory filing submitted on Friday, Inox Leisure Ltd said of having commenced commercial operations of Multiplex at Yelahanka area in Bengaluru. The Company has commenced the Commercial Operations of a Multiplex Cinema Theatre taken on Lease basis, located at INOX Leisure Limited, 2 nd Floor, RMZ

Godhra (Panchmahal) tunes into Sambhaav Media’s Top FM Radio

AHMEDABAD | MUMBAI | RAJKOT – Sambhaav Media Ltd said in regulatory filing submitted on Thursday of having started FM Radio station at Godhra in Gujarat. This is in furtherance to our earlier submission of last year regarding receipt of FM Radio licenses in 13 difference stations under E-Auction of Second Batch of Private FM

Adani floats subsidiary company to store foodgrains at Darbhanga (Bihar)

AHMEDABAD | MUMBAI | RAJKOT – Adani Enterprise Ltd said of having formed agri logistics company chiefly a foodgrain storage silos company at Darbhanga in Bihar, the company said in regulatory filing submitted to the exchanges in India on Wednesday. Company has incorporated a wholly owned subsidiary namely, “Adani Agri Logistics (Darbhanga) Limited” (“AALDL”) on 10th

Ashapura Intimates Fashion’s MD Harshad Thakkar goes missing, stock crashes

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchange in India on Wednesday, Mumbai headquartered Ashapura Intimates Fashions Ltd said of the Managing Director of the company, Harshad Thakkar has gone missing. Harshad Thakkar is an entrepreneur from Kutch-Bhuj (Gujarat) and there have been reports of he having gone missing, of which

Experts Say, “#GujaratExodus may hit the new investments …”

AHMEDABAD | VADODARA | SURAT | RAJKOT – #GujaratExodus, process of workers from Bihar and Uttar Pradesh travelling back to their home, may trigger a situation, which may hit the new investments, especially when the Vibrant Gujarat 2019, Global Investors Summit is around, industry experts from across the state fear the phenomena. Industries which may

JMC Projects bags 5.14 billion rupees new orders from AP, Telangana, Odisha

AHMEDABAD | MUMBAI | RAJKOT –  In a press release submitted to the exchanges in India on Tuesday, JMC Projects said of having bagged 5.14 billion (~514 crore) rupees new projects from Andhra Pradesh, Telangana and Odisha. JMC Projects (India) Limited (JMC), a leading Civil Engineering and EPC Company has secured new orders of Rs.

Sadbhav Infra wins 1.10 billion rupees award from NHAI towards arbitration & annuity

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted by Sadbhav Infrastructure Project Ltd to the Indian Bourses, on Monday, after the trading session was over, the company said of its subsidiary having won arbitration award amounting to 1.10 billion (~110.50 crore) rupees from National Highway Authority of India (NHAI). NSEL, subsidiary of

Sadbhav Infra’s Q2FY19 (Jul-Sep) unaudited toll revenue up 12.5% yoy

AHMEDABAD | MUMBAI | RAJKOT – In a quarterly business update filing submitted to the Indian Stock Exchanges today, Sadbhav Infrastructure Project Ltd said of having grown toll revenue collection up 12.5% year-on-year at 268.55 billion rupess from 238.63 billion rupees, Jul-Sep quarter (Q2FY19). Toll revenue received from the below 10 operational SPVs (apart from

Vimal Oil & Foods’ Creditors disapprove corporate involvency resolution plan

AHMEDABAD | MUMBAI | RAJKOT –  In a regulatory filing submitted to the Indian Bourses today, Ahmedabad and Mehsana headquartered Vimal Oil & Foods Ltd updated the exchange and investors on the corporate insolvency resolution process, stating committee of creditors has disapproved the resolution plan. Vimal Oil & Foods Limited has informed the Exchange pursuant

Zydus Biologics (of Zydus Cadila Group) inspected successfully by US FDA

AHMEDABAD | MUMBAI | RAJKOT – In a press-release submitted to the Indian Bourses, Cadila Healthcare Ltd (Dr Pankaj Patel led Zydus Cadila Group) said of one of the company’s subsidiary facilities being inspected successfully by US Food & Drug Administration. The Company’s Biologics manufacturing facility (Zydus Biologics) located at the Zydus Biotech Park in

CRISIL upgrades credit ratings from Stable to Positive for Inox Wind

VADODARA (BARODA) | MUMBAI | RAJKOT – In a press releases submitted to the Indian Bourses on Wednesday, October 3, 2018, Inox Wind Ltd said of having credit ratings revised by CRISIL Limited from stable to positive. “(CRISIL) has upgraded its outlook for the Company to ‘Positive’ from ‘Stable’ earlier. Additionally, they have reaffirmed ratings

Hindustan Oil executes Revenue Sharing pact with Indian Government

VADODARA (BARODA) | MUMBAI | RAJKOT – Vadodara (Baroda) headquartered Hindustan Oil Exploration Company Ltd has executed revenue sharing contract for the oil-block won under open acreage licensing policy of Government of India, the company said in a regulatory filing submitted to the Exchanges in India on October 3, 2018 – Wednesday. HOEC executed the