News of South Gujarat 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

Adani hand-shakes with French Energy Major Total, to sell fuel & gas in India

PARIS | NEW DELHI | AHMEDABAD | MUMBAI | RAJKOT – Keeping in view the road infra growth story and the rising middle class consumer in India, French energy major Total S.A. inked pact with Indian conglomerate Adani Group to enter the energy market in India. Both companies aim to develop multi-energy offerings to the

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

Torrent Power wins bid for 115 MW Wind Power Project

AHMEDABAD | MUMBAI | RAJKOT – In an corporate update filed with the Indian Bourses on Wednesday, Torrent Power Ltd said of having won bid for 115 MW wind project, in e-reverse auction process conducted by Solar Energy Corporation of India (SECI) Ltd, on September 25, 2018. The company had bid tariff for proposed capacity

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

Media Reports of, Major fire incident at RIL’s Hazira Complex, but no casualty

SURAT (HAZIRA) | RAJKOT – Major fire incident has been reported at Hazira unit of Reliance Industries Ltd on Tuesday night, several Surat based media reports cite the said fire incident which took place on Tuesday night at the site, following a huge blast with a sound at cracker unit installed in the facility, created

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

In just one month, Adani incorporates the fourth foodgrain silos company

AHMEDABAD | MUMBAI | RAJKOT – In a regulatory filing submitted to the exchanges in India, Adani Enterprise Ltd said of having incorporated one more agri-logistics company – Adani Agri Logistics Samastipur Ltd, which shall be engaged in storage of foodgrains in silos. This is the fourth such wholly owned subsidiary incorporated by Adani Agri

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

USFDA inspects JB Chem’s Panoli facilty, makes two observations

PANOLI (BHARUCH) | MUMBAI | RAJKOT – Panoli (Bharuch) unit of JB Chemicals & Pharmaceuticals Ltd has been inspected by US Food & Drugs Administration (USFDA) and the regulators have made two observations, the company said in a statement submitted to the Indian Bourses, today. The Company’s US FDA approved solid oral dosage forms formulations manufacturing

RComm transfers 1,78,000 kms optical fibre network to RJIO

MUMBAI | RAJKOT – Reliance Communications Limited (RCOM) today announced the completion of the sale of its Fibre assets and related infrastructure assets, worth Rs 3,000 crore, to Reliance Jio Infocomm Ltd (RJIO), the company said vide press release submitted to the Indian Bourses. With successful completion of the Fibre monetization transaction, 1,78,000 Kms fibre stand transferred to