News of NEWS IN ENGLISH LANGUAGE in Gujarat

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

Torrent Power wins bid for 115 MW Wind Power Project

AHMEDABAD | MUMBAI | RAJKOT – In an corporate update filed with the Indian Bourses on Wednesday, Torrent Power Ltd said of having won bid for 115 MW wind project, in e-reverse auction process conducted by Solar Energy Corporation of India (SECI) Ltd, on September 25, 2018. The company had bid tariff for proposed capacity

Maruti Suzuki partners with Zydus Hospitals, sets up modern polyclinic

BECHARAJI (HANSALPUR) | MEHSANA | AHMEDABAD | NEW DELHI | MUMBAI | RAJKOT – In a press-release submitted to the exchanges in India on Wednesday, Maruti Suzuki India Ltd said of having partnered with Zydus Hospitals to set-up a modern polyclinic (health centre) facility at Becharaji, vide corporate social responsibility initiative. Access to quality and

RIL subsidiary acquires 37% stake in US based analytics biz tech start-up Netradyne

MUMBAI | RAJKOT – In an update submitted to the Indian Bourses today, Reliance Industries Ltd said of its subsidiary company having acquired 37% stake in a US (Delaware) based analytics business tech start-up Netradyne paying US$ 8 million (~581 million rupees) subscribing 4 million shares. Reliance Industrial Investments and Holdings Limited (“RIIHL”), the wholly

Anil Ambani led RCom announces strategic transformation for India & Emerging Markets

MUMBAI | RAJKOT – In a press-release submitted to the Indian Bourses, Reliance Communications Limited (RCOM) and its subsidiary, Global Cloud Xchange (GCX), today shared updates on the company’s strategic transformation plan and its commitment to the growth and enhancement of its fixed-line communications, data center, subsea cables and enterprise services globally. “As the company moves