News of Jamnagar in Gujarat

MDA led Reliance Group completes acquisition of Hamleys (Toys brand) for £67.96 million

MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Bourses, Indian conglomerate Mukesh Dhirubhai Ambani owned Reliance group said of having completed acquisition of Hamleys Global Holdings Ltd for cash-consideration of Great Britain (Sterling) Pound £67.96 million. The filing submitted to the exchange read that, Further to our previous communication

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

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

#DLGPOLLTRIX2019 | Poll Data, Numbers & United Colours of Gujarat (IN IMAGES)

AHMEDABAD | GANDHINAGAR | RAJKOT – Registered averaged voters turnout across 26 Lok Sabha constituencies in the state of Gujarat for Lok Sabha 2019 Phase-3 polls increased by just 1.54% at 63.90%, over the Lok Sabha 2014 registered voters turnout which was 62.36%. However the registered electoral numbers added to the election commission’s database in

#DLGQ4FY19EARNINGS | TV18 Broadcast’s Consolidated Net Profit YoY for Q4FY19 (Jan-Mar Quarter) shoots-up 6 folds!

MUMBAI | AHMEDABAD | GANDHINAGAR | RAJKOT – In a regulatory quarterly earning update for fourth quarter of financial year 2018-19 ie January to March quarter, TV18 Broadcast Ltd reported a sharp jump in year-on-year consolidated net profit of the company which grew 6 folds at 300 million rupees (299 million rupees to be precise)

IN IMAGES | Indian Coast Guard rescues 8 fisherman

PORBANDAR | AHMEDABAD | GANDHINAGAR | RAJKOT – In a mid-sea rescue operations, conducted at night in rough weathers, on April 14, 2019 – Sunday, Indian Coast Guard rescued 08 fishermen 27 nautical miles off Porbandar, in yet another Search and Rescue operation. On 14 Apr 19, in the wee hours,  Indian Coast Guard rescued 08 fishermen 27 nautical

CONCOR’s total container handling for Q4(Jan-Mar) FY2019 up 3% YoY @ 9,78,930 TEUs

NEW DELHI | MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, Container Corporation (CONCOR) of India Ltd, a multimodal logistics company and one of the Navratna public sector undertaking ventures of Indian Government reported 3% growth in the total container traffic handled for Q4 (Jan-Mar) of Financial year 2018-19

L&T sells its entire stake held in L&T Kobe Machinery for 435 million INR

MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses, Larsen & Toubro (L&T) Ltd  has entered into a definitive agreement with KOBE STEEL, LTD., a company registered in Japan, on April 2, 2019 for the divestment of its entire stake in L&T Kobelco Machinery Private Limited, a 51:49 joint venture between

Jet grounds additional 15 Aircrafts, grounded aircrafts now 60

MUMBAI | RAJKOT – In a regulatory filing submitted to the Indian Bourses on Tuesday, in evening, after closing hours of trading session on Bourses, Jet Airways Ltd said of grounding additional 15 aircrafts, due to non-payment of amounts outstanding to lessors under their respective lease agreements. As mentioned earlier, the Company is actively engaged with

Indain Gas Regulator – PNGRB awarded City Gas Distribution bids in 50 Geographical Areas, to 12 successful bidders

NEW DELHI | RAJKOT – PNGRB (Petroleum and Natural Gas Regulatory Board) launched 10th CGD Bidding Round on 06th November 2018, for development of City Gas Distribution (CGD) networks for the 50 Geographical  Areas (GAs) which includes 124 districts (112 complete and 12 part), spread over 14 States and Union Territories (UTs) in India. The regulator

Deepak Parekh steps down from Network18 Media & Investments board

MUMBAI | RAJKOT – In a regulatory update submitted to the Indian Exchanges on Monday late night, Network18 Media & Investments Ltd said of Banking Baron Deepak Shantilal Parekh (HDFC Bank), Independent Director, on the board of Network18 Media & Investments, has expressed his inability to continue on the Board of the Company (Network18 Media

Bharat Anand, Independent Director of Digjam Ltd resigned wef April 1, 2019

MUMBAI | JAMNAGAR | RAJKOT –  In a regulatory filing submitted to the Indian Stock Exchanges, Digjam Ltd said of Bharat Anand, Indipendent Director of the Company, has resigned from the Board of Directors of the company due to paucity of time and other commitments, with immediate effect and the same has been accepted and

Maharashtra Electricity regulator nods Tata Power’s 700 MW power purchase arrangements

MUMBAI | RAJKOT – In a press release submitted to the Indian Bourses on Wednesday, power sector major TATA POWER LTD said of Maharashtra Electricity Regulatory Commission (MERC) having approved 700 MW (MegaWatt) PPA (Power Purchase Arrangements) between Distribution and Generation Business of Tata Power for the next five years. The Commission has allowed the Distribution