News of Ahmedabad in Gujarat

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

Majesco’s LifePlus solutions adopted by Hansard Global

DUBLIN | MUMBAI | RAJKOT – British Isle headquartered Hansard Global Plc selects SaaS based Majesco’s LifePlus solutions to transform their business. Hansard Global is a part of Hansard Group of Companies listed on London Stock Exchange and the company specializes in long-term savings services, with a clientele of 40,000 clients across the world managing

Asian Granito to raise 90 Cr Rs.(900 mln) via preferential warrants

AHMEDABAD | MUMBAI | RAJKOT – Ahmedabad headquartered Asian Granito India Ltd to raise 900 million rupees (90 crore) through preferential warrants issue, offering 5 million (50 lakh) convertible warrants of promoters & non-promoters group, with an intent to use the proceeds to fund high margin products, the company press release submitted to the Indian

From ports to airports, now on roads! Adani bags 2,923 cr rupees road projects

AHMEDABAD | MUMBAI | RAJKOT – After having forayed into ports and airports, now Adani group forays into road-construction business. In a regulatory update submitted to the Indian Exchanges on Tuesday, Adani Enterprises Ltd said of its wholly owned subsidiary Adani Transport Ltd having bagged 2 projects of 4-laning roads in Telangana state from NHAI

Kalptaru commences ops @ Element-2 of Alipurdaur Transmission

MUMBAI | AHMEDABAD | RAJKOT – In a press release submitted to the Exchanges in India on Tuesday, Kalptaru Power Transmission Ltd said of having kicked-off Element-2, Kishanganj-Darbhanga line, through its subsidiary Alipurdaur Transmission Ltd. The company has successfully completed and commenced commercial operations of Element-2 and with this completion ATL will be entitled for

ASHOK LEYLAND (AshLey) bags order for 1,290 buses from Gujarat State

CHENNAI | MUMBAI | GANDHINAGAR-AHMEDABAD | RAJKOT – In a press release submitted to the Indian Stock Exchanges, automobiles major Ashok Leyland Ltd said of having bagged order for 1290 Buses from Gujarat State Roadways Transport Corporation. This order comes closely on the back of 2580 bus orders received from various state transport undertakings recently.

UNKNOWINGLY traded shares! InfoSys slams penalty on Kiran Majumdar Shaw

BENGALURU | MUMBAI | RAJKOT – Audit Committee of the Board of Directors of Infosys Ltd has slammed 9.5 lakh (950,000) rupees fine on Kiran Majumdar Shaw, Lead Independent Director, for having ‘unknowingly’ violated the Infosys Insider Trading Policy or the SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), the company said in a

IAF shoots down one Pakistani F16 fighter jet, MIG 21 BISON crashes, pilot goes Missing in Action

Image of LOCKHEED MARTIN manufactured F16 Fighter Aircraft (Pic Courtesy : Twitter Handle @LMIndiaNews)

NEW DELHI | AHMEDABAD | RAJKOT – Indian Air Force (IAF) shot down one F16 Pakistani Fighter aircraft of Pakistan Air Force, confirms Ministry of Extermal Affairs (MEA) of India. In a mid-air combat between Air Forces of both Nations, Indian Air Force MIG 21 BISON aircraft was reported crashed and one IAF pilot was

Indian Air Force airstrikes Jaish-e-Mohammad operated Terror Camps, no civil casualties

NEW DELHI | AHMEDABAD | RAJKOT – In an early Tuesday morning airstrike raid conducted by Indian Air Force, reports of Jaish-e-Mohammad (JeM) operated terror camps at Balakot, Chakhoti and Muzzaffarabad  area on Indo-Pak border, are reported to have been damaged completely. Foreign Secretary Vijay Keshav Gokhale, confirmed the operation and read a statment in

ADAG led RComm urgently approves release of Rs.2.6 bln to Ericsson

MUMBAI | RAJKOT – In a press release submitted to the Indian Bourses, Reliance Communications group has requested urgent approval from its lenders to release approx. Rs.260 crore (2.6 billion) received from Income Tax refunds, lying in its bank account, directly to Ericsson. A sum of Rs.118 crore (1.18 billion) has already been deposited with

UK, US Fin Regulators slam $133.3 Mln fine on StanChar, Bank makes provision to pay the fine

LONDON | MUMBAI | RAJKOT – In an update submitted to the Indian Bourses on Thursday, Standard Chartered Plc has said of making provisions of US Dollar ($) 900 million, which includes for potential penalties pegged at $133.3 million (~£102,163,200) relating to FOREX trading issues, slammed on the bank, by US and UK financial regulators.

अमेरिकी एवं ब्रिटिश वित्तीय नियामकों ने स्टेंडर्ड चार्टर्ड बैंक पर लगाया १३३.३ मिलियन अमेरिकी डॉलर ($) का जुर्माना

लंदन। मुंबई। राजकोट – गुरुवार को भारतीय शेयर बाजारों पर जारी किये गए एक आधिकारिक बयान के ज़रिये स्टैंडर्ड चार्टर्ड पीएलसी (बैंक) ने कहा कि, बैंक के द्वारा साल २०१८ के लिए २६ फरवरी २०१९ के दिन पेश किये जाने वाले सालाना हिसाबो में ९०० मिलियन अमरीकी डालर ($) का प्रावधान बैंक पर लगे जुर्माने

બ્રિટેન, અમેરિકી નાણાકીય નિયામણકારોએ સ્ટાન્ડર્ડ ચાર્ટર્ડ બેન્કને ૧૩૩.૩ મિલિયન ડોલરનો($) દંડ ફટકાર્યો

લંડન । મુંબઈ । રાજકોટ – ગુરુવારે ભારતીય શેરબજારોને રજુ કરેલા એક અધિકૃત નિવેદનમાં, સ્ટાન્ડર્ડ ચાર્ટર્ડ પીએલસીએ જણાવ્યું હતું કે તેમની બેન્ક દ્વારા ૯૦૦ મિલિયન અમેરિકન ડૉલરની ($) જોગવાઈ કરવામાં આવી છે, જેમાં ફોરેક્ષ ટ્રેડિંગ (સ્વદેશી તથા વિદેશી નાણાકીય ચલણની લે-વેંચ કરવાનો વ્યવસાય) સંબંધિત મુદ્દે અમેરિકા અને બ્રિટિશ નાણાકીય નિયામણકારો દ્વારા બેન્ક પર લાદેલા ૧૩૩.૩

London Court dismisses Dredging Corp’s arbitration award appeal against Mercator

MUMBAI | RAJKOT – In a press communication submitted to the Indian Bourses on Monday, Mumbai headquartered shipping company Mercator Ltd said of London Court having dismissed appeal filed by Dredging Corporation of India (DCI) Ltd, regarding the the arbitration award of 500 million (50 crore) rupees, payable to Mercator. According to Mercator press statement,

“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