News of Saurashtra-Kutch 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%

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

HOM Offers 32” LED TVs At Rs.7,990 During World Cup

RAJKOT – With a view to let cricket-crazy fans get the best match-viewing experience this World Cup season, Rajkot (Gujarat) – based electronics distributor, HOM has rolled out a lucrative offer on LED televisions. As part of the offer, 32-inch high definition (HD) LED televisions of HOM brand will be made available at an Rs

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

Sun Pharma tie-ups with Chinese Pharma Co, to develop & commercialize Psoriasis treatment drug

VADODARA (BARODA) | MUMBAI | AHMEDABAD-GANDHINAGAR | RAJKOT – In a press-release submitted to the stock exchanges in India, pharma major Sun Pharma said of entering into licensing agreement with a Chinese company for development and commercialization of treatment for psoriasis and psoriatic arthritis. The press release submitted to the Indian Bourses by the company

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

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

Gujarat State Pollution Regulator slams closure notice to Excel Crop Care’s Bhavnagar unit

GANDHINAGAR | BHAVNAGAR | MUMBAI | AHMEDABAD | RAJKOT – In a regulatory update submitted to the Indian Stock Exchanges, Excel Crop Care Ltd said its Bhavnagar unit will shut down for 15 days, following a closure notice from Gujarat Pollution Control Board (GPCB). In an update the company communicated that,  as per an Order

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

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

After winning polls for 17th Lok Sabha Term, Union Council of Ministers take charge

NEW DELHI | AHMEDABAD-GANDHINAGAR | RAJKOT – After having completed the oath taking ceremony organized on Thursday by India Prime Minister Narendra Damodardas Modi and anointed ministers, as per the directive issued by the Prime Minister’s office The President of India has directed the allocation of portfolios among 58 members of the Union Council of

HDFC Bank launches Secure Banking Programme @ RAJKOT

RAJKOT – HDFC Bank Ltd today launched its secure banking programme at Rajkot, vide the Bank‘s ongoing endeavour to create customer awareness about safe banking practices. The programme will be rolled out across 35 branches in and around Rajkot to educate customers and create awareness among general public. At a function organized in the city,

#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