News of Investment in Gujarat

Rane Group Board approves $20 million investment in US subsidiary

CHENNAI | MUMBAI | RAJKOT – Rane (Madras) Ltd’s  board of direclors of the Company at its meeting held on Thursday i.e., March 21, 2019 inter-alia has approved enhancement in investments upto USD $20 million in Rane Precision Die Casting Inc., USA (RPDC), Step Down Subsidiary. For more details click the link given here :

RIL invests in a newly incorporated realty & infra entity

MUMBAI | RAJKOT –  In a regulatory filing submitted to the Exchanges in India on Friday, Reliance Industries Ltd said of having invested Rs 5,00,000 (5 lakh ~ 0.5 million) in cash in 50,000 equity shares of Rs. 10 each of “Reliance Navi Mumbai Infra Limited” (RNMIL), a newly incorporated entity. RNMIL is incorporated with

“Those who visit India regularly, will feel a change,” – India PM Narendra Modi

MAHATMA MANDIR [GANDHINAGAR] – Prime Minister Narendra Modi inaugurated the 9th edition of Vibrant Gujarat Summit at Mahatma Mandir Exhibition cum Convention Centre in Gandhinagar today. Giving an account of the measures the present day National Democratic Alliance (NDA) government has undertaken to improvize the state of economy of nation, India Prime Minister Narendra Modi said, “who

Suzuki’s second plant in GUJARAT to start soon : Toshihiro Suzuki

MAHATMA MANDIR (GANDHINAGAR) – In his address to august gathering at MAHATMA MANDIR venue foe VIBRANT GUJARAT 2019, Global Investors Summit, Suzuki Motor Corporation’s President Toshihiro Suzuki said of starting second plant of Maruti Suzuki soon in Gujarat. In a press release issued on January 18, 2019 the company had already said of having kicked-off ops

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.