News of Gandhinagar in Gujarat

Spectacular NAVY DAY celebrations at JAMNAGAR

INS VALSURA | JAMNAGAR | RAJKOT – In a press release issued by Press Information Bureau (Defence Wing) it said of having celebrated NAVY DAY Celebrations on December 4, 2019 – Wednesday in a spectacular manner at INS VALSURA Naval Base near Jamnagar. The press-release, titled – “SPECTACULAR NAVY DAY CELEBRATIONS AT JAMNAGAR” in details

In 15 yrs, MARUTI SUZUKI’s ALTO crosses 3.8 mln sales mark

NEW DELHI | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Indian Auto Major – Maruti Suzuki India Ltd said of having announced its brand Alto to have crossed over 3.8 million (~38 lakh) units in last 15 years. In a press-release as submitted by the company

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

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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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

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,

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