News of Kutch-Bhuj in Gujarat

Welspun Group Master Trust acquires 39.45% equity of Welspun Enterprises

ANJAAR (KUTCH) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Exchanges in India, Welspun Enterprises Ltd said of its 39.45% stake comprising of 58.41 million (~5,84,15,951) shares has been acquired by Welspun Group Master Trust. Post-transaction, stake held by Welspun Group Master Trust in Welspun Enterprise has raised to 43.84%

Adani Ports to raise $700 million via bonds on private placement basis

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India on Tuesday, Ahmedabad headquartered port sector major – Adani Ports and Special Economic Zone Ltd said of conducting the company board meeting on Friday – July, 12 – 2019 to consider fund raising via US$  700 million bonds. The

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,

Welspun India acquires 51% stake in Pure Sense Organics Myanmar Ltd

ANJAAR (KUTCH) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a regulatory update submitted to the Indian Bourses late in evening on Wednesday, Welspun India Ltd said of having acquired 51% stake in Pure Sense Organics Myanmar Ltd. Regulatory update filed by the company read that, The Company has entered into joint venture with Sense Organics

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

#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

India’s Praj Industries is now 8th hottest company in Advanced Bioeconomy globally

PUNE | MUMBAI | AHMEDABAD | GANDHINAGAR | RAJKOT – In a press-release submitted to the Indian Exchanges Pune headquartered Praj Industries Ltd said of being recognized as 8th hottest company in areas of Advanced Bio-Economy, globally. US based Biofuels Digest, a leading global publication, released a list of Top 50 Hottest Companies in Advanced

Shemaroo buys 50% stake in Dominiche Prod for 90 million INR

MUMBAI | AHMEDABAD | GANDHINAGAR | RAJKOT – In a regulatory filing submitted to the Indian Stock Exchanges, entertainment sector pioneer venture Shemaroo Entertainment Ltd said of the Board of Directors of the Company at the Board meeting held on April 15, 2019, has inter-alia approved the investment by acquiring 50% stake of Dominiche Productions

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

Adani Power gets Letter of Intent from NCLT Ahmedabad, for porposed acquisition plan of Chhattisgarh based Korba West Power Co

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory update statement, Ahmedabad headquartered diversified business activities group company – Adani Power Ltd said of the Company been awarded the Letter of Intent (“LOI”) for M/s. Korba West Power Company Limited (“KWPCL”). The Committee of Creditors of KWPCL, a company undergoing insolvency resolution process under the Insolvency

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