News of Investment in Gujarat

RIL picks 13% stake in US (Delaware) based tech firm SkyTran

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India on Wednesday, Reliance Industries Ltd said of its subsidiary company having picked 13% stake in US (Delaware) based personal transportation technology firm SkyTran Inc., paying USD($) 25 million. RIL’s investments aims to foster an exclusive partnership with SkyTran in India. Reliance

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

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

Borosil makes 175-million-rupee additional investments in 2 subsidiary companies

MUMBAI | RAJKOT – Borosil Glass Works Ltd informed the exchanges in India of company having made 175-million rupee additional investment in two subsidiary companies, the company’s regulatory filing today said. The Company invested 149 millon rupees (~14 crore 92 lakh 95 thousand 9 hundred 8 rupees and 42 paisa) by way of subscription to

Reliance Brands pays 95 million rupees to acquires 12.5% stake in luxury apparels biz

MUMBAI | RAJKOT – Reliance Brands Limited, a subsidiary of the Company, has purchased 12.5% equity stake in Future101 Design Private Limited (Future101) 95 million rupees (~9.5 crore), the acquisition of minority stake is in the nature of strategic investment, Reliance Industries Ltd today said in regulatory filing to the Exchanges in India. Future101, incorporated

IndianOil Corp’s Western Region Pipelines capex at 30 billion (3,000 crore) rupees for FY2017-18

RAJKOT – IndianOil Corporation Ltd’s capital expenditure for western region pipelines is pegged at 30 billion (3,000 crore) rupees for financial year 2017-18 (April-March), which includes 20 billion (2,000 crore) rupees investment for Koyali-Solarpur pipeline, additional augmentation and capacity upgradation of existing 6 pipeline projects falling in western region, V C Sati, Executive Director, Western

Tribhovandas Bhimji Zaveri opens 32nd store ‘TBZ-The Original’ at Ranchi in Jharkhand

RANCHI | MUMBAI | AHMEDABAD | RAJKOT – Tribhovandas Bhimji Zaveri Ltd opens 32nd store ‘TBZ-The Original’ at Ranchi – the capital city of Jharkhand state, Ranchi showroom is the is the latest in East after the company having showrooms at Kolkotta, Patna, Jamshedpur and Dhanbad, the company statement said.  TBZ-The Original opening at Ranchi

Sadbhav Infra gets appointed date from NHAI to four-lane Bhavnagar-Talaja and Una-Kodinar sections

NEW DELHI | AHMEDABAD | MUMBAI | RAJKOT – National Highway Authority of India (NHAI) has given appointed date to two subsidiary companies – Sadbhav Bhavnagar Highway Pvt Ltd and Sadbhav Una Highway Pvt Ltd, of Sadbhav Infrastructure Project Ltd for construction of four lanning of Bhavnagar-Talaja section comprising of 48.05 kilometers and Una-Kodinar section

Eight Edition of Vibrant Gujarat, Global Investors Summit – 2017 hits 25,578 MoUs, for undisclosed amount

Camp : MAHATMA MANDIR (GANDHINAGAR) – In Eight Edition of Vibrant Gujarat, Global Investors Summit 2017 over three days sessions, 25,578 Memorandums (Memorandum of Understanding – popularly termed as MoU) were inked, Deputy Chief Minister Nitin Patel announced the figure without disclosing the final amount attracted for investment in state of Gujarat vide 25,578 inked

India will soon get to taste Polish Apples

Camp : MAHATMA MANDIR (GANDHINAGAR) – India may get the taste of Polish Apples soon, as the bureaucratic formalities barring import of Polish apples to India has been resolved, Piotr Gliński, Poland Deputy Prime Minister told reporters here. Gliński was interacting media over the proposed memorandum of association the country representative will ink in Vibrant

Rushil Decor allots 200 million rupees worth preferential warrants to family fund member

KALOL | MUMBAI | AHMEDABAD | RAJKOT – Based on shareholders approval to resolution passed in extra ordinary general meeting of Rushil Decor Ltd held on December 16, 2016, the preferential allotment committee comprising of the directors on the company board, has alloted 317,460 convertible warrants to family fund representative partnership firm Suryakant Harilal Parekh. 

Reserve Bank enhances FII limit in Nandan Denim to 49% from 24%

AHMEDABAD | MUMBAI | RAJKOT – Reserve Bank of India vide its communication dated December 3, 2016 has allowed to raise foreign investment institutes (FIIs) and registered foreign portfolios investors (RFPIs) limit to 49% of the paid-up capital from existing 24% in Nandan Denim Ltd (formerly Nandan Exim Ltd), the company statement said. The Reserve

Reliance Industries allots 229,091 shares for ESOPs

MUMBAI | AHMEDABAD | RAJKOT – Reliance Industries Ltd has alloted 229,091 shares of face value 10 rupees each for employee stock option (ESOP) scheme. Company shares are flaring on the bourses in India on the backdrop of successful launch and increasing subscription base of recently launched telecom brand JIO and news of additional capacity

Sezal Glass pays 6.5 billion rupee debt, now has 600 million rupees debt on books

MUMBAI | AHMEDABAD | RAJKOT – Sezal Glass Ltd claims of having become a debt free company, post putting its glass manufacturing unit on sale in May 2011, the company claims of having paid debt of 6.5 billion (650 crore) rupees to the consortium of bankers without any kind of haircut and paying upto last

CEOs of US companies will participate in Global CEO Conclave at Vibrant Gujarat 2017

GANDHINAGAR | AHMEDABAD | RAJKOT – One of the most promising event at Vibrant Gujarat Global Summit 2017, the Global CEO (Chief Executive Officer) Conclave will host 10 CEOs from American companies. The CEOs of US based companies that will be attending the Global CEO Conclave includes, Bertrand-Marc Allen, President, Boeing International; John Chambers, Executive