News of Gujarat in Gujarat

Asian Granito to raise 90 Cr Rs.(900 mln) via preferential warrants

AHMEDABAD | MUMBAI | RAJKOT – Ahmedabad headquartered Asian Granito India Ltd to raise 900 million rupees (90 crore) through preferential warrants issue, offering 5 million (50 lakh) convertible warrants of promoters & non-promoters group, with an intent to use the proceeds to fund high margin products, the company press release submitted to the Indian

Sun Pharma’s Research arm collaborates with Chinese Co HitGen

CHENGDU | VADODARA (BARODA) | MUMBAI | RAJKOT – In a press release submitted to the Indian Stock Exchanges, Sun Pharma Advanced Research Co (SPARC) Ltd said of having tied-up with Chengdu (China) headquartered HitGen to identify and discover novel small molecule leads, for SPARC. HitGen and SPARC have entered DNA-Encoded Library Based Innovative Drug

Kalptaru commences ops @ Element-2 of Alipurdaur Transmission

MUMBAI | AHMEDABAD | RAJKOT – In a press release submitted to the Exchanges in India on Tuesday, Kalptaru Power Transmission Ltd said of having kicked-off Element-2, Kishanganj-Darbhanga line, through its subsidiary Alipurdaur Transmission Ltd. The company has successfully completed and commenced commercial operations of Element-2 and with this completion ATL will be entitled for

Kandla Port acquires 18% stake in Dredging Corp of India

VISHAKHAPATNAM | NEW DELHI | MUMBAI | KANDLA-GANDHIDHAM | RAJKOT – Deendayal Port Trust (aka Kandla Port) has acquired 18% stake in Dredging Corporation of India Ltd acquiring 5 million (~50,40,101) shares, along with other three port trusts including Vishakhapatnam Port Trust, Paradip Port Trust and Jawaharlal Nehru Port Trust (aka Mumbai Port). Vide the

Two Multipurpose berths inaugurated @ Kandla Port

NEW DELHI | KANDLA-GANDHIDHAM | RAJKOT – The Union Minister for Shipping, Road Transport and Highways, Water Resources, River Development and Ganga Rejuvenation Nitin Gadkari inaugurated two multi purpose berths – No.14 & No.16 at Deendayal Port at Kandla through video conferencing, on Friday. He also laid the foundation stone for the Central Inland &

ASHOK LEYLAND (AshLey) bags order for 1,290 buses from Gujarat State

CHENNAI | MUMBAI | GANDHINAGAR-AHMEDABAD | RAJKOT – In a press release submitted to the Indian Stock Exchanges, automobiles major Ashok Leyland Ltd said of having bagged order for 1290 Buses from Gujarat State Roadways Transport Corporation. This order comes closely on the back of 2580 bus orders received from various state transport undertakings recently.

INOX commences ops @ MOTI KHAVDI (Reliance Mall) JAMNAGAR in GUJARAT

MOTI-KHAVDI (JAMNAGAR) | VADODARA | MUMBAI | RAJKOT – In a regulatory update filed to the Indian Stock Exchanges, INOX Leisure Ltd said of having commenced multiplex cinema theatre at Moti Khavdi in Reliance Mall Complex at Jamnagar district of Gujarat. The Company has commenced the Commercial Operations of a Multiplex Cinema Theatre operated on

GRANULES INDIA promoters sell 5 million shares

HYDERABAD | MUMBAI | RAJKOT – In a press release submitted to the Stock Exchanges in India, Hyderabad headquartered pharma company Granules India Ltd said of having sold 5 million (50 lakh) shares to a group of reputed investors in a block deal on the stock exchanges, to mobilize about 500 million (50 crore) rupees.

SUVEN LIFE to acquire US based RISING PHARMA

HYDERABAD | MUMBAI | RAJKOT – In a press release submitted to the Indian Bourses on Friday, Hyderabad headquartered Suven Life Sciences Ltd announces the asset purchase agreement for acquiring Aceto Corporation’s New Jersey (US) headquartered Rising Pharmaceuticals through its joint venture partner, Shore Suven Pharma Inc. The acquisition will be subject to Court-approved bidding

VA TECH WABAG bags 5.75-billion-rupee order vide Namami Gange project

CHENNAI | MUMBAI | RAJKOT – In a press release submitted to the Indian Bourses on Friday, Va Tech Wabag Ltd, a leading water technology company said, of having bagged orders vide Namami Gange project work amounting to 5.75 billion rupees (575 crore). The project is awarded under the prestigious National Mission for Clean Ganga

Brickwork reaffirms Credit Ratings for RAJ TV

CHENNAI | MUMBAI | RAJKOT – Brickworks ratings has reaffirmed the Credit (Short Term & Long Term) facilities ratings availed by RAJ TV NETWORK LTD. In a regulatory Credit Rating filing submitted to the Indian Bourses on Friday, the company said, Brickwork Ratings India Pvt Ltd, the rating agency has assigned the credit rating on

UNKNOWINGLY traded shares! InfoSys slams penalty on Kiran Majumdar Shaw

BENGALURU | MUMBAI | RAJKOT – Audit Committee of the Board of Directors of Infosys Ltd has slammed 9.5 lakh (950,000) rupees fine on Kiran Majumdar Shaw, Lead Independent Director, for having ‘unknowingly’ violated the Infosys Insider Trading Policy or the SEBI (Prohibition of Insider Trading) Regulations, 2015 (PIT Regulations), the company said in a

IAF shoots down one Pakistani F16 fighter jet, MIG 21 BISON crashes, pilot goes Missing in Action

Image of LOCKHEED MARTIN manufactured F16 Fighter Aircraft (Pic Courtesy : Twitter Handle @LMIndiaNews)

NEW DELHI | AHMEDABAD | RAJKOT – Indian Air Force (IAF) shot down one F16 Pakistani Fighter aircraft of Pakistan Air Force, confirms Ministry of Extermal Affairs (MEA) of India. In a mid-air combat between Air Forces of both Nations, Indian Air Force MIG 21 BISON aircraft was reported crashed and one IAF pilot was

Indian Air Force airstrikes Jaish-e-Mohammad operated Terror Camps, no civil casualties

NEW DELHI | AHMEDABAD | RAJKOT – In an early Tuesday morning airstrike raid conducted by Indian Air Force, reports of Jaish-e-Mohammad (JeM) operated terror camps at Balakot, Chakhoti and Muzzaffarabad  area on Indo-Pak border, are reported to have been damaged completely. Foreign Secretary Vijay Keshav Gokhale, confirmed the operation and read a statment in

ADAG led RComm urgently approves release of Rs.2.6 bln to Ericsson

MUMBAI | RAJKOT – In a press release submitted to the Indian Bourses, Reliance Communications group has requested urgent approval from its lenders to release approx. Rs.260 crore (2.6 billion) received from Income Tax refunds, lying in its bank account, directly to Ericsson. A sum of Rs.118 crore (1.18 billion) has already been deposited with