News of Ahmedabad in Gujarat

CADILA HEALTH (Zydus) acquires 15% stake in two subsidiaries

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Ahmedabad headquartered Cadila Healthcare Ltd said of having acquired 15% stake in two subsidiary companies Zydus Technologies Ltd and Zydus Noveltech Inc., USA. With the balance 15% stake buying Zydus Technologies Ltd in which the company was already holding

DEEP INDUSTRIES bags 487.4 million rupees contracts from ONGC

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory statement submitted to the Indian Stock Exchanges, Ahmedabad headquartered Integrated Oil & Gas services providing company Deep Industries Ltd said of having bagged combined orders pegged at 487.4 million (~48.74 crore) rupees from ONGC Ltd. The company statement as submitted to the Indian Bourses by the

Income Tax slams notice to ASHIMA (Textiles) calculating Rs.585.2 mln as payable tax

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Ahmedabad headquartered textiles manufacturer Ashima Ltd said of having got notice from Income Tax Department calculating tax payable amounting to 58.52 crore (~585.2 million) rupees for the Assessment Year 2018-19. The filing as submitted by the company to the

AARVEE DENIMS temporarily suspends yarn unit operations @ (Matoda) AHMEDABAD

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Ahmedabad headquartered denim manufacturing company Aarvee Denims & Exports Ltd said of having temporarily suspended yarn spinning unit operations located at Matoda near Changodar in  Ahmedabad, which will not have any material adverse impact on the overall operations of

TATA POWER to develop 50 MW Solar Project @ Dholera Solar Park in Gujarat

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release submitted to the Indian Bourses, Mumbai headquartered power arm of Tata Group – Tata Power Company Ltd said of having bagged order to develop 50 MW solar power project at Dholera Solar Park in Gujarat. In a press-release as submitted by the company titled – “Tata

Protected: DIGITAL VERSION of THE MARINE LINES | OCTOBER-NOVEMBER 2019 ISSUE | COVER STORY : Why SHIPPING CORPORATION OF INDIA (SCI) should not be sold?

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SECURA Insurance Upgrades MAJESCO Policy for P&C, Expands Additional Biz

MORRISTOWN (NEW JERSEY) – US | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Mumbai headquartered Information Technology sector company Majesco Ltd said of, US based SECURA Insurance having successfully upgraded to Majesco Policy software Version 10, for all property insurance and casualty insurance claims, as well

InsurTech Innovator AVINEW selects MAJESCO’s P&C Core Suite

MORRISTOWN (NEW JERSEY – US) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered information technology company Majesco Ltd said of the Los Angeles (US) based insurance technology innovator Avinew selecting Majesco’s P&C Core Suite on Majesco CloudInsurer™ as its platform for growth and innovation.

RIL subsidiaries transfer 2.71% stake to PETROLEUM TRUST

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Mumbai headquartered conglomerate Reliance Industries Ltd said of its five subsidiary companies having transferred its 2.71% combined stake comprising of 171.9 million (~17.119 crore) shares to Petroleum Trust, of which the sole beneficiary Reliance Industrial Investments and Holdings Ltd,

MARUTI SUZUKI exports 1 millionth car from GUJARAT’s MUNDRA PORT

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Maruti Suzuki India Ltd said of 1 millionth car exported from Gujarat’s Mundra Port. In a press-release as submitted by the company to the Indian Bourses, titled – “1 millionth Maruti Suzuki car exported from Gujarat’s

BOSCH POWER TOOLS activates Cordless Experiential Mobile Vans

BANGALORE | AHMEDABAD-GANDHINAGAR | RAJKOT – Bosch Power Tools India, a front runner in the power tools market segment that caters to construction, woodworking and metalworking industry, is set to amplify its consumer experience by enabling users to get hands on experience of the cordless range through mobile van demonstration vehicles. An extension of the

(ADAG) RCOM’s US based subsidiary GLOBAL CLOUD XCHANGE goes bankrupt

NEW YORK | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release submitted to the Indian Stock Exchanges, Mumbai headquartered Anil Dhirubhai Ambani Group (ADAG) owned Reliance Communications Ltd’s subsidiary company Global Cloud Xchange filed voluntarily for Chapter 11 (as per the United States Bankruptcy Code) in US with support from more than 75% of

GHCL launches REKOOP 2.0 bedding concept in New York

NEW YORK | NOIDA | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Noida (Uttar Pradesh) headquartered GHCL Ltd said of having launched bedding textiles range REKOOP 2.0 at New York in US. Press-release as submitted by the company to the Indian Bourses titled – “GHCL launches

APTEL directs RAJASTHAN based DISCOMS to pay compensation to ADANI POWER

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Ahmedabad headquartered Adani Group’s power arm Adani Power Ltd said of APTEL (Appellate Tribunal for Electricity) having issued judgement allowing the claim for compensation for non-availability / shortage of coal linkages vide power purchase agreements for 1,200 MW signed

NILA INFRA bags 4.62 bln rupee project from DHOLERA IND CITY DEV LTD

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Ahmedabad headquartered Infra construction company Nila Infrastructure Ltd said of having bagged 4.62 billion (~462.1 crore) rupees construction order from Dholera Industrial City Development Ltd. The press release as addressed by the company to the Indian Bourses titled –

ADANI POWER bags power supply contract for TAMILNADU, TELENGANA

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Ahmedabad headquartered Indian Conglomerate Adani Group’s power entity – Adani Power Ltd said of one of its wholly owned subsidiary having received letter of award for supply of 295 MW Power to Tamilnadu and Telangana distribution companies, for 3

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