City Ahmedabad Financial News

Chabutaras are 11-22ft tall structures made of wood, stone or concrete, designed specifically for birds. These traditional bird-feeders, though slightly outlandish looking, are an intrinsic part of the city’s visual and cultural lexicon. Ahmedabad is a city with an admirable population of sparrows, mynas, pigeons, old world babblers and purple sunbirds.

ET Intelligence Group: Ahmedabad-based Sanstar is the fifth-largest manufacturer of maize-based speciality products and ingredient solutions. The company is rolling out a ₹510-crore IPO comprising a fresh issue of ₹397 crore and an offer of sale of ₹113 crore. The public offer represents 29% of the post-IPO paid-up capital of the company. The proceeds of the issue will be used to fund expansion and repay debt. Business: Set up in 1982, Sanstar is a third-generation family business involved in manufacturing maize starch, dried and liquid glucose, gluten, fibre, and enriched protein. These ingredients have functionality in the packaged foods industry, animal nutrition products, and industrial products. Sanstar is a supplier to leading FMCG companies such as Hindustan Unilever, ITC and Nestle. Nearly 60% of the company's revenues are earned from the food industry. The company earns over a third of its revenues from exporting to 49 countries. It has an installed capacity of 1,100 tonnes per day through its two manufacturing facilities at Kutch in Gujarat and Dhule in Maharashtra.

₹190 crore, two company executives told Mint. The company has committed ₹100 crore to Chennai-based Radiance Realty Developers India Ltd, and another ₹90 crore to Pune-based Mantra Properties and Developers Pvt. Ltd, for their respective residential projects.

ashwagandha go into Catwalk and are brewed over a few months using monk fruit as a sweetener and is produced and bottled in Ahmedabad. A sizable number of companies across India, big and small, including Catwalk, Sober, Sobriety Sips and the bigwigs in the beer industry are now experimenting in creating non and low alcohol spirits, including beer, wine, gin, whisky and others. What's driving this trend is a cohort of drinkers who are now looking to cut down on their consumption.

Hardik Pandya bowled the final ball in ICC T20 World Cup 2024, the celebrations of India's victory have not ceased. Rohit Sharma & Co met Prime Minister Narendra Modi on July 4, soon after landing in Delhi from Barbados. The PM hosted the World Cup champions for breakfast at his residence and also interacted with the entire team and learning about their experiences throughout the marquee tournament. BCCI secretary Jay Shah and President Roger Binny were also present at 7 LKM and gifted Modi an Indian jersey.

Ahmedabad (Gujarat) [India], July 9: K&R Rail Engineering Ltd, a leading Railway infrastructure company offering services in laying of track, signalling, electrification and telecommunication in the Railway Industry is proud to announce that it has signed a Memorandum of Understanding (MOU) with UNECO Co. Ltd, a South Korea-based company engaged in the manufacture and sale of industrial machineries, to establish a Composite Sleeper Plant in India. With the estimated cost of Rs.

bankruptcy court has directed the chief executive of listed infrastructure company Sadbhav Engineering to resolve the issue of payment to its creditors in consultation with its board. The Ahmedabad bench of the National Company Law Tribunal also directed IDBI Bank to convene a meeting of all the consortium lenders to resolve the debt restructuring issue of the company. The development is expected to set a precedent regarding the tribunal's power to direct the consortium lenders to convene a meeting to see if the issue can be resolved.

Rahul Gandhi will visit Ahmedabad city in Gujarat on Saturday, where he will address party workers, a party leader said. Gandhi will also meet the family members of those who lost their lives in various tragedies in Gujarat in the recent past, including the Rajkot game zone fire, the boat capsize incident in Vadodara and Morbi bridge collapse. The Leader of Opposition in the Lok Sabha is visiting Gujarat days after BJP and Congress workers clashed outside the Gujarat Pradesh Congress Committee (GPCC) office here over alleged anti-Hindu remarks made by Gandhi in the Lok Sabha. Following the clash, complaints were lodged against each other by both the sides and FIRs were registered, leading to the arrest of five Congress workers. Talking to reporters on Friday, Gujarat Congress president Shaktisinh Gohil said Gandhi will also meet the family members of those five Congress workers who are currently in police custody. «Rahul Gandhi will arrive at the GPCC office here around 12.30 pm. During his visit, he will meet and address party workers. He will also meet the kin of the victims who lost their lives in the Rajkot game zone fire and other such tragedies. He will also interact with the family members of those party workers who were arrested by the police after the clash,» he said.

Jyotiraditya Scindia on Sunday asked Congress leader Rahul Gandhi to «recognise reality» before making statements, his comment coming a day after the latter said the INDI alliance had ended the BJP's Ram Temple movement by winning Faizabad Lok Sabha seat, of which Ayodhya is a part. During a tour of Ahmedabad on Saturday, Gandhi had also said the Congress will defeat the BJP in its foremost stronghold of Gujarat (in the 2027 assembly polls there).

Intro: Ratnaafin, in association with The Economic Times, presented MSME Growth Conclave to celebrate MSME Day, partnered by the Ahmedabad Chamber of Commerce Welfare Foundation and supported by India SME Forum and Kalyani Sahasik Mahila Vikas Sangh. Ratnaafin—a Non-Banking Financial Company in India—in collaboration with The Economic Times, proudly presented the MSME Growth Conclave to celebrate MSME Day, in partnership with Ahmedabad Chamber of Commerce Welfare Foundation and support of India SME Forum and Kalyani Sahasik Mahila Vikas Sangh. A celebration of the incredible contributions made by micro, small, and medium enterprises, the initiative had some of the most eminent speakers on the panel who discussed about the crucial roles that micro, small and medium enterprises play in driving the economic growth of Gujarat.

BCCI cannot prioritise one city over another when it comes to organising important finals, said board's vice-president on Friday in response to Shiv Sena leader Aaditya Thackeray's demand. Following a massive turnout during Indian cricket team's T20 World Cup victory parade on Marine Drive to the Wankhede Stadium, Thackeray had urged BCCI to not «take away» any final match from Mumbai. «Yesterday's celebration in Mumbai is also a strong message to the BCCI… Never take away a World Cup final from Mumbai!,» Thackeray had written on X. «It is BCCI's policy that where the final should take place. It cannot always be given to a particular city,» Shukla told PTI on Friday.

BJP people who spread violence and hatred do not understand the basic principles of Hinduism, former Congress president Rahul Gandhi said on Wednesday as he hit out at the ruling party for what he described as a «violent attack» on the party's office in Ahmedabad. Workers of the BJP and the Congress hurled stones at each other outside Gujarat Congress headquarters in Ahmedabad on Tuesday during a protest against the remarks made by Gandhi in the Lok Sabha. In a post in Hindi on X, Gandhi said, «The cowardly and violent attack on the Gujarat Congress office further strengthens my point about the BJP and the Sangh Parivar. The BJP people who spread violence and hatred do not understand the basic principles of Hinduism.» «The people of Gujarat can clearly see through their lies and will teach the BJP government a decisive lesson. I am saying it again — INDIA is going to win in Gujarat!» the Leader of Opposition in the Lok Sabha said.

Asset management companies (AMCs) in Gift City, Ahmedabad, are set for a major boost following a crucial regulatory change by the Securities and Exchange Board of India (Sebi). By eliminating the restrictive 50% cap on investments from Indians abroad in India-focused funds, Sebi has removed a significant hurdle that has long impeded the growth potential of these funds. For years, AMCs faced a stringent requirement: for every dollar accepted from non-resident Indians (NRIs) and overseas citizens of India (OCIs), an equivalent dollar had to be sourced from foreign investors.

The Central Bureau of Investigation (CBI) arrested the owner of a private school in Godhra, Gujarat, on Sunday in connection with alleged malpractices in the NEET-UG exam.

IMD) has issued a warning for very heavy rain across various districts of Gujarat for the next five days.

A post shared by ICC (@icc)Virat Kohli, Arshdeep Singh, Axar Patel, Mohammed Siraj and Rinku Singh were seen grooving to Daler Mehendi's iconic Punjabi number 'Tunak Tunak Tun' in the centre of the ground. For most, it was joyous to see Kohli break a leg after a tough T20 campaign.It was more emotional because Kohli announced his retirement from the T20 internationals after being awarded the "Player of the Match" for his crucial 76 runs off 59 balls.In the videos, Kohli was also seen hugging a teary-eyed Rohit Sharma, who also later announced his retirement from the format.In a press conference, Sharma said, "This has to be the greatest time I can say that.

CBI was conducting searches at seven location in Gujarat in the NEET-UG paper leak case, officials said on Saturday. They said the operation began in the morning at the premises of suspects spread across four districts — Anand, Kheda, Ahmedabad and Godhra. The Central Bureau of Investigation (CBI) on Friday arrested the principal and the vice-principal of a school in Jharkhand's Hazaribagh and a journalist of a Hindi newspaper in connection with the National-Eligibility-cum-Entrance Test — Undergraduate (NEET-UG) paper leak, officials had said. Ehsanul Haque, the principal of Oasis School, was made the city coordinator of Hazaribagh for the medical entrance exam conducted by the National Testing Agency (NTA) on May 5, they said.

Uttar Pradesh government has suspended six officials of civic agencies for gross negligence following road cave-ins and waterlogging at several sections of the newly-built Ram Path in Ayodhya. About 15 bylanes and streets along the Ram Path were flooded after rain on June 23 and June 25. Even homes along the road went under water. Portions of the 14-kilometre road stretch also caved in at more than a dozen places. The suspended officials are Dhruv Aggarwal (executive engineer), Anuj Deshwal (assistant engineer) and Prabhat Pandey (junior engineer) of the Public Works Department (PWD) and Anand Kumar Dubey (executive engineer), Rajendra Kumar Yadav (assistant engineer) and Mohammad Shahid (junior engineer) of the Uttar Pradesh Jal Nigam.

Karnataka government on Friday made a pitch to the Centre for establishing a dedicated Central Business District, modelled on the lines of Gujarat’s GIFT City in the state, besides seeking faster clearance for multiple projects across sectors. The demand was part of a ‘wishlist’ IT & BT minister Priyank Kharge sent to Union finance minister Nirmala Sitharaman and Union IT minister Ashwini Vaishnav ahead of the Union Budget. Karnataka, he wrote, wanted to set up a Central Business District that would act as a global financial and IT hub. “The state has a vibrant economy with IT, BT, aerospace, automotive, textiles, and heavy industries forming the cream of the investment pie. The state is strategically located, and is well-positioned to replicate a similar business [on the lines of GIFT city] hub in its bosom,” he said.

immigration process at airports for pre-verified Indian nationals and people of Indian origin holding the Overseas Citizen of India (OCI) cards. Home minister Amit Shah inaugurated the Fast Track Immigration-Trusted Traveller Programme (FTI-TTP) at the Indira Gandhi International Airport in Delhi. This facility will be available free of cost for all passengers, Shah said. Eligible individuals will need to apply online and submit their biometrics (fingerprint and facial image) along with other required information as specified in the application form for registration, explained officials. In the second phase, the programme will also cover foreign travellers, they said.

Australia great Ricky Ponting presented the ICC Men's Cricketer of the Year award to the star Aussie pacer Pat Cummins at the Sir Vivian Richards Stadium on Thursday. Ponting, an ICC Hall of Famer and winner of the same accolade in 2006 and 2007, presented his compatriot with the trophy to celebrate his work in 2023. Cummins led his country to a great year as captain of both the Test and One Day International teams, defeating India at The Oval to win the World Test Championship, followed by a victory over the same opponent in the ODI World Cup final in Ahmedabad.