News of Ahmedabad in Gujarat

NCLT nods scheme arrangement for Arvind Group companies

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses, Arvind Ltd said of having got nod from NCLT for scheme of arrangement between Arvind Ltd, Arvind Fashions Ltd, Anveshan Heavy Engineering Ltd and The Anup Engineering Ltd. Today the Hon’ble National Company Law Tribunal, Bench at Ahmedabad (“NCLT”) has

GTPL bags 12.46 billion rupee order to link 3,767 Gram Panchayats in Gujarat

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update submitted to the Exchanges in India on Friday, GTPL Hathway Ltd said of having bagged BharatNet Phase-II project in the Gujarat to connect 3,767 gram panchayats (village civic bodies) valued at 1,245.77 crore (~12.46 billion) rupees. GTPL Hathway Limited (“the Company”) has been awarded the

Zydus Cadila gets US FDA nod to market drug for treatment of epilepsy

AHMEDABAD | MUMBAI | RAJKOT – In a press release submitted to the Indian Bourses on Tuesday, Cadila Healthcare Ltd (Dr Pankaj Patel owned Zydus Cadila group) said of having availed regulatory approval from US Food and Drugs Administration (USFDA) to market drug to treat epilepsy. Zydus Cadila has received the final approval from the

Zydus Cadila gets US FDA nod to market anti-arthritis drug

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses on Thursday, Ahmedabad headquartered and Dr Pankaj Patel led Cadila Healthcare Ltd (Zydus Cadila Group) said of having received regulatory approvals from US FDA (Food & Drugs Department) to market anti-arthritis drug. Zydus Cadila has received the tentative approval from

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

RIL acquires stake in DEN Networks, Hathway Cable for JioGigaFibre rollout

MUMBAI | RAJKOT – In a press release submitted to the Exchanges in India on Wednesday, after having released the outcome of board meetings and quarterly earnings data for quarter ended on September 30, Reliance Industries Ltd said of having acquired stake in Den Networks Ltd and Hathway Cable and Datacom Ltd. Reliance Industries Ltd

Zydus Cadila gets US FDA nod to market skin-care ointment

AHMEDABAD | MUMBAI | RAJKOT – In a press release submitted to the exchanges in India on Wednesday, Cadila Healthcare Ltd (Dr Pankaj Patel led Zydus Cadila Group) said of having got approval from US FDA (Food & Drugs Administration) to market skin-care ointment. Zydus Cadila has received the final approval from the USFDA to

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

Lincoln Pharma invests in renewable energy assets to save on energy cost

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update submitted to the Indian Bourses on Monday, Ahmedabad headquartered Lincoln Pharmaceuticals Ltd said of having invested in renewable energy assets to save on energy cost and improve financials, as well having applied for permission to set-up Active Pharmaceuticals Ingredients (API) manufacturing unit. The Company has

Godhra (Panchmahal) tunes into Sambhaav Media’s Top FM Radio

AHMEDABAD | MUMBAI | RAJKOT – Sambhaav Media Ltd said in regulatory filing submitted on Thursday of having started FM Radio station at Godhra in Gujarat. This is in furtherance to our earlier submission of last year regarding receipt of FM Radio licenses in 13 difference stations under E-Auction of Second Batch of Private FM

Adani floats subsidiary company to store foodgrains at Darbhanga (Bihar)

AHMEDABAD | MUMBAI | RAJKOT – Adani Enterprise Ltd said of having formed agri logistics company chiefly a foodgrain storage silos company at Darbhanga in Bihar, the company said in regulatory filing submitted to the exchanges in India on Wednesday. Company has incorporated a wholly owned subsidiary namely, “Adani Agri Logistics (Darbhanga) Limited” (“AALDL”) on 10th

Experts Say, “#GujaratExodus may hit the new investments …”

AHMEDABAD | VADODARA | SURAT | RAJKOT – #GujaratExodus, process of workers from Bihar and Uttar Pradesh travelling back to their home, may trigger a situation, which may hit the new investments, especially when the Vibrant Gujarat 2019, Global Investors Summit is around, industry experts from across the state fear the phenomena. Industries which may

JMC Projects bags 5.14 billion rupees new orders from AP, Telangana, Odisha

AHMEDABAD | MUMBAI | RAJKOT –  In a press release submitted to the exchanges in India on Tuesday, JMC Projects said of having bagged 5.14 billion (~514 crore) rupees new projects from Andhra Pradesh, Telangana and Odisha. JMC Projects (India) Limited (JMC), a leading Civil Engineering and EPC Company has secured new orders of Rs.

Sadbhav Infra wins 1.10 billion rupees award from NHAI towards arbitration & annuity

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted by Sadbhav Infrastructure Project Ltd to the Indian Bourses, on Monday, after the trading session was over, the company said of its subsidiary having won arbitration award amounting to 1.10 billion (~110.50 crore) rupees from National Highway Authority of India (NHAI). NSEL, subsidiary of

Sadbhav Infra’s Q2FY19 (Jul-Sep) unaudited toll revenue up 12.5% yoy

AHMEDABAD | MUMBAI | RAJKOT – In a quarterly business update filing submitted to the Indian Stock Exchanges today, Sadbhav Infrastructure Project Ltd said of having grown toll revenue collection up 12.5% year-on-year at 268.55 billion rupess from 238.63 billion rupees, Jul-Sep quarter (Q2FY19). Toll revenue received from the below 10 operational SPVs (apart from