News of Ahmedabad in Gujarat

Sadbhav Infra terminates concession agreement with NHAI for Vizag Port Road project

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses, Ahmedabad headquartered road construction infra major Sadbhav Infrastructure Project Ltd said of having terminated concession agreement with National Highway Authority of India (NHAI) over Vizag Port Road project due to non-availability of required 80% right of way by NHAI within

Allied Digital Services bags Smart City project in Bidkin (Maharashtra)

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Bourses, Mumbai headquartered Allied Digital Services Ltd said of having bagged Smart City Project in Bidkin, in Maharashtra State. The filing submitted by the company to the Indian Stock Exchanges read that, this is to inform that Allied Digital Services Limited

Gateway Distiparks Promoters de-pledge 35% of pledged shares

MUMBAI | AHMEDABAD – GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Gateway Distriparks Ltd said of its promoters having de-pledged 35% of the pledged shares. Press release submitted to the Indian Bourses on Thursday read that, Gateway Distriparks Limited: Promoter de-pledges 35% of pledged shares. The promoter group of

MDA led Reliance Group completes acquisition of Hamleys (Toys brand) for £67.96 million

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Bourses, Indian conglomerate Mukesh Dhirubhai Ambani owned Reliance group said of having completed acquisition of Hamleys Global Holdings Ltd for cash-consideration of Great Britain (Sterling) Pound £67.96 million. The filing submitted to the exchange read that, Further to our previous communication

Zydus Cadila completes 3-phased clinical trial enrollment for drug, to cure liver disorder

AHMEDABAD | MUMBAI | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Ahmedabad headquartered Zydus Cadila Group (Cadila Healthcare Ltd) said of having completed enrollment for three phase clinical trials of drug used to treat the a progressive disease of the liver – NASH. The press release submitted to the Indian

USFDA slams Form 483 to Torrent Pharma’s Dahej facility, official action initiated

DAHEJ | AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses late on Wednesday night, Ahmedabad headquartered pharma major Torrent Pharmaceuticals Ltd said of the company having classified as Official Action Initiated by US food & drugs regulator. The Dahej facility of the company was inspected in March 2019

R-Infra Creditors ink agreement to implement resolution plan in 6 months

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses, Anil Dhirubhai Ambani Group’s (ADAG) Infra arm Reliance Infrastructure Ltd said of 16 lenders to the company having inked inter-creditor agreement, for the resolution of the company’s debt, vide which the resolution plan of the company shall be implemented in

Torrent Pharma inks diabetic drug marketing pact with Glenmark Pharma

AHMEDABAD | MUMBAI | RAJKOT –  In a press release submitted to the Indian Bourses by Glenmark Pharma it said that, Ahmedabad headquartered Torrent Pharmaceuticals and Glenmark Pharmaceuticals Ltd have inked agreement for co-marketing of diabetic treatment drug Remogliflozin Etabonate in India. The press release submitted to the Indian Exchanges on Thursday read that, Glenmark

Adani Ports to raise $700 million via bonds on private placement basis

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India on Tuesday, Ahmedabad headquartered port sector major – Adani Ports and Special Economic Zone Ltd said of conducting the company board meeting on Friday – July, 12 – 2019 to consider fund raising via US$  700 million bonds. The

ADAG led R-Infra to close 100% stake sale deal of Delhi-Agra Toll by Aug 2019

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses on Thursday, Anil Dhirubhai Ambani led Indian Infra major Reliance Infra said of closing the 100% stake sale deal of Delhi-Agra toll by August 2019, of which the enterprise value is pegged at 36 billion (~3,600 crore) rupees. The press

Maruti Suzuki takes world class training ‘Skill on Wheels’ – to vendors’ doorstep

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release communication submitted to the Indian Exchanges, Indian Automobiles Major Maruti Suzuki India Ltd said of having taken its world class training module – ‘Skill on Wheels’ at vendor doorstep. Press communique submitted to the Indian Bourses read that, Maruti Suzuki India Limited,

Adani Ports to raise US$750 mn via unsecured notes @ annual coupon rate of 4.375%

AHMEDABAD-GANDHINAGAR | MUMBAI | RAJKOT – In a regulatory update submitted to the companies on Thursday, Ahmedabad headquartered Adani Ports and Special Economic Zone Ltd said of the company board having approved fund raising via unsecured notes aggregating to US$ 750 million. The tenure of notes will be for 10 years starting from July 3,

As pre-budget recommendations, Indian Solar Mfrs ask to raise export incentives from 2% to 10%

NEW DELHI | MUMBAI | BENGALURU | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release issued by Solar Trade Body, the association All India Solar Industries Association (AISIA) as pre-budget recommendations to the Finance Minister has recommended raising of export incentives from 2% to 10% at least for Indian Solar Modules Manufacturers, which would allow

HDFC Bank highest ranked Indian Co among Global Top 100, brand valued @ 15,74,436 Cr INR

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release issued by HDFC Bank Ltd, the communique claimed of HDFC Bank as highest-ranked Indian company in Global Top 100 and brand valued at $22.7 billion ($22,700 Cr ~ 15,744,362,693,169.70 INR ~ 15,74,436 Cr INR @ Exchange Rate of 1$ = 69.3584 INR), the company has

GMDC appoints Smt Gauri Kumar (Retd) IAS as Independent Women Director

AHMEDABAD – GANDHINAGAR | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Ahmedabad headquartered Gujarat State Government’s mining arm Gujarat Minerals Development Corporation (GMDC) Ltd said of having appointed Smt Gauri Kumar, Retired IAS officer as Additional Woman Independent Director on the company board. The filing submitted to the

Asian Granito’s largest showroom inaugurated

HIMMATNAGAR | AHMEDABAD-GANDHINAGAR | MUMBAI | RAJKOT – In a press release issued by the company, Asian Granito India Ltd said of having inaugurated its Largest – 25,000 sq feet tiles and Sanitaryware display showroom at  Himmatnagar, in Gujarat State. The press release issued by the company said that, Showcasing the company’s production and technological