News of Central Gujarat in Gujarat

CAREER POINT gets nod to acquire IL&FS’ Education Assets

KOTA (RAJASTHAN) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Kota (Rajasthan) headquartered Career Point Ltd said of having got nod from committee of creditors (CoC) for its bid for Education Assets of IL&FS, which includes acquisition of majority stake in Schoolnet India Ltd – SIL

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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INOX WIND secures 38 MW Wind Power Project order from ReNew Power

NOIDA | VADODARA (BARODA) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Vadodara headquartered Wind Energy company Inox Wind Ltd said of having bagged 38 MW wind energy project from ReNew Power Ltd to be installed at Anjar (in Kutch-Bhuj District) of Gujarat state and the

Indian Government mulls revival plans for Telecom PSUs – BSNL and MTNL

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, central government public sector undertaking (PSU) telecom arm Mahanagar Telephone Nigam Ltd (MTNL) said of having received communications from Government of India detailing the office memorandum highlighting the revival of Bharat Sanchar Nigam Ltd (BSNL) and MTNL by reducing

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

GUJARAT ALKALIES completed 20 MW Solar Power installations @ CHARANKA

VADODARA (BARODA) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Vadodara (Baroda) headquartered specialty & commodity chemical manufacturing arm of Gujarat State Government – Gujarat Alkalies and Chemical Ltd (GACL) said of having completed 20 MW solar power plant at Charanka (in north Gujarat region of

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