News of Porbandar in Gujarat

Indian Coast Guard launches ICGS VARUNA at Reliance Naval (Pipavav)

PIPAVAV (AMRELI) – Indian Coast Guard’s trainning vessel ICGS VARUNA was launched today from Reliance Naval and Engineering Ltd’s (RNEL) Shipyard here. The primary role of the vessel is to impact basic sea training to the under trainee officers of Indian Coast Guard along with their Naval counterparts. While on-board on ICGS VARUNA under trainee officers

RIL picks 13% stake in US (Delaware) based tech firm SkyTran

MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India on Wednesday, Reliance Industries Ltd said of its subsidiary company having picked 13% stake in US (Delaware) based personal transportation technology firm SkyTran Inc., paying USD($) 25 million. RIL’s investments aims to foster an exclusive partnership with SkyTran in India. Reliance

Godhra (Panchmahal) tunes into Sambhaav Media’s Top FM Radio

AHMEDABAD | MUMBAI | RAJKOT – Sambhaav Media Ltd said in regulatory filing submitted on Thursday of having started FM Radio station at Godhra in Gujarat. This is in furtherance to our earlier submission of last year regarding receipt of FM Radio licenses in 13 difference stations under E-Auction of Second Batch of Private FM

Experts Say, “#GujaratExodus may hit the new investments …”

AHMEDABAD | VADODARA | SURAT | RAJKOT – #GujaratExodus, process of workers from Bihar and Uttar Pradesh travelling back to their home, may trigger a situation, which may hit the new investments, especially when the Vibrant Gujarat 2019, Global Investors Summit is around, industry experts from across the state fear the phenomena. Industries which may

RIL subsidiary acquires 37% stake in US based analytics biz tech start-up Netradyne

MUMBAI | RAJKOT – In an update submitted to the Indian Bourses today, Reliance Industries Ltd said of its subsidiary company having acquired 37% stake in a US (Delaware) based analytics business tech start-up Netradyne paying US$ 8 million (~581 million rupees) subscribing 4 million shares. Reliance Industrial Investments and Holdings Limited (“RIIHL”), the wholly

Anil Ambani led RCom announces strategic transformation for India & Emerging Markets

MUMBAI | RAJKOT – In a press-release submitted to the Indian Bourses, Reliance Communications Limited (RCOM) and its subsidiary, Global Cloud Xchange (GCX), today shared updates on the company’s strategic transformation plan and its commitment to the growth and enhancement of its fixed-line communications, data center, subsea cables and enterprise services globally. “As the company moves

Vijaya Bank and Dena Bank amalgamate with Bank of Baroda

VADODARA (BARODA) | MUMBAI | RAJKOT – In a regulatory filing submitted by Dena Bank, Vijaya Bank and Bank of Baroda, to the Stock Exchanges in India on Tuesday, all three banks have said of having amalgamated vide the directive from Ministry of Finance, Government of India. The Bank has received a communication from Ministry

RIL subsidiary shells 92 crore rupees to buy stake in fashion & lifestyle brands

MUMBAI | RAJKOT – Reliance Industries Ltd’s subsidiary companies Reliance Brands Ltd and Reliance Retail Ventures Ltd  have now acquired a combined stake of 65.77% in Genesis Colors Ltd, the company (RIL) said in regulatory filing submitted to the Exchanges in India, on Monday. Reliance Retail Venture Ltd, subsidiary arm of Reliance Industries Ltd paid

RBI certifies Reliance Cap as Core Investment Company

MUMBAI | RAJKOT – Reliance Capital Ltd said in regulatory filing submitted to the Exchanges in India on Friday of the company having received Reserve Bank of India Certification as Core Investment Company. The Company has received Certificate of Registration from the Reserve Bank of India as a Core Investment Company- Non-Deposit Taking Systemically Important

IDBI knocks NCLT doors for debt recovery from Reliance Naval (Pipavav)

MUMBAI | RAJKOT – In a regulatory filing submitted to the Stock Exchanges in India on Thursday, Reliance Naval & Engineering Ltd said of IDBI Bank Ltd having approached NCLT (National Company Law Tribunal), Ahmedabad, for debt resolution. The Company has been informed that IDBI Bank Limited, a lender of the Company, has filed an application

Reliance Infra’s Credit Profile improves, CRISIL withdraws ‘D’ ratings for 710 cr NCDs

MUMBAI | RAJKOT – Anil Dhirubhai Ambani Group led Reliance Infrastructure Ltd’s credit profile is reported to have improving, as the rating agency CRISIL has withdrawn ‘D’ ratings assigned to the company’s 7.1 billion rupee Non-Convertible Debentures, the company press release submitted to the exchanges in India said. Crisil has withdrawn its ‘D’ ratings for

Sambhaav Media kicks-off FM Radio station at Junagadh

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the Exchanges in India on Thursday, the company said of having commenced The Company has on 15.08.2018 commenced operations of FM Radio Station at Junagarh (91.9 MHz)- acquired under E-Auction of Second Batch of Private FM Radio Phase-III Channels. The FM Radio Channels of

Sambhav Media tunes on FM Radio at Bharuch, Veraval, Porbandar in Gujarat

AHMEDABAD | MUMBAI | RAJKOT – Ahmedabad headquartered Sambhaav Media Ltd, in a regulatory filing informed of having commenced FM Radio station operations at 3 centres in Gujarat. Under the aegis of “Top FM“ brand the company has commenced FM Radio stations at Bharuch in South Gujarat region, Veraval and Porbandar in Saurashtra-Kutch region, of

Mercator gets dredging contract for Porbandar Port area in Gujarat

MUMBAI | RAJKOT – Mercator Ltd has informed the stock exchanges in India in a regulatory filing of getting dredging contracts for Porbandar Port and Mormugao Port. The Company has emerged as the lowest bidder in its bids for the Mormugao and Porbandar Ports contracts having an estimated combined contract value of 160 million (~16

IN IMAGES | Heavy Rains forecast in GUJARAT, SARKAR boards IAF Chopper, reaches GIR SOMNATH

GANDHINAGAR | AHMEDABAD | RAJKOT – DAY -1 : MONDAY | JULY 16, 2018 – Satellite image issued by Indian Meteorology Department (IMD) warms severe rainfall across Gujarat. Following IMD Warnings, Gujarat Government has engaged into a complete preparedness to address any situation arising out of heavy rainfalls, especially in low lying areas and coastal