News of Gandhinagar in Gujarat

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,

(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

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

IL&FS ENGINEERING revived AHMEDABAD METRO PROJECT’s contract

HYDERABAD | GURUGRAM | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Hyderabad headquartered infrastructure company IL&FS Engineering and Construction Company Ltd said of revived contact with Gujarat Metro Rail Corporation (GMRC) for phase-1 of Ahmedabad Metro Project. The company statement as submitted to the Indian Bourses

YES Bank raised 19.3 bln rupees through Qualified Institutions Placement route

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory submission to the Indian Stock Exchanges, Mumbai headquartered Indian Banking major YES Bank Ltd said of having raised 19.3 billion (~1,930 crore) rupees through Qualified Institutions Placement (QIP) route. The press-statement submitted by the company to the Indian Bourses titled, “YES BANK raises Rs. 1,930 crores

Financie Minister of India to meet Foreign Investors Portfolio representatives to understand current scenario of financial markets

NEW DELHI | AHMEDABAD-GANDHINAGAR-RAJKOT – In an official communication statement issued by the Finance Ministry of Government of India, as signed by Finance Ministry Secretary Atanu Chakraborty, representatives of Foreign Investors Portfolio are invited for an interaction with the Finance Minister Nirmala Sitharaman on Friday between 4:00pm to 5:00pm, to understand the prevailing current scenario

ADAG led Reliance Capital fully repays outstanding comm paper worth Rs.750 mln

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Stock Exchanges in India, Anil Dhirubhai Ambani led Reliance Capital Ltd said of having fully repaid its outstanding commercial papers worth Rs.75 Cr (~750 million) on July 24, 2019. The filing submitted to the Indian Bourses read that, the Company has fully repaid

TCS completed one of the largest public cloud migrations

AMSTERDAM | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press release submitted to the Indian Bourses, Information Technology major TCS completed one of the largest public cloud migrations to deliver new digital foundation for Randstad. The press release submitted by the company to the Exchanges in India read that, TCS Completes One of the Largest

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

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

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

Gujarat State Electricity Regulator nods Torrent’s power procurement plea

AHMEDABAD-GANDHINAGAR | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Ahmedabad headquartered Torrent Power Ltd said of having got approval from state electricity regulator for procurement arrangement of 278 MW power from the company’s UNOSUGEN power plant and its licensed power distribution business for the cities of Ahmedabad, Gandhinagar

TRAI data says, Reliance JIO crosses 20 million (2 Cr) subscriber mark in Gujarat

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR-RAJKOT – In a press release issued by Reliance Jio Infocomm Ltd, the company claimed of having crossed 20 million (2 crore) subscribers mark in the state of Gujarat, as per the data made available by Telecom Regulatory Authority of India (TRAI). For first time since inception of telecom services

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