City Ahmedabad Financial News

withdrawn Rs 2,000 banknotes are still in circulation, about eight months after the deadline to deposit or exchange them at bank branches was over.

handler of the four of its nationals who were arrested at Ahmedabad airport in India for their alleged links with the banned Islamic State (ISIS) outfit, according to a media report. The Criminal Investigation Department in Colombo arrested Gerard Pushparaja Osman, the Daily Mirror portal reported.

I am sorry to say that no one knows about him. The first time when the film 'Gandhi' was made, it was then that there was curiosity across the world as to who this person was."PM Modi's comments on Mahatma Gandhi has triggered widespread outrage in public and political circles.National Conference (NC) president Farooq Abdullah said the remarks were “shocking".

Sri Lankan government on Thursday said that four of its nationals arrested in India last week by the authorities in Gujarat for links with the Islamic State terror group have no record of being "religious extremists" but drug addicts. Speaking to reporters in the Eastern town of Ampara, Secretary of Defence Kamal Ginaratne said that the Sri Lankan authorities were also asked to check on the background of those arrested in India and accordingly after a probe it has been found that they are into drugs. «We are currently investigating them. We have found them to be severely addicted to drugs. They are not religious extremists,» Gunaratne said responding to a question. He said that the Sri Lankan authorities have arrested more of their associates but it won't be right to reveal any more details on them as the investigation is going on.

‘Mahatma Gandhi, Pandit Nehru couldn’t imagine…', Priyanka Gandhi in Rae BareliIn the video clip of the TV interview that has gone viral on social media, PM Modi suggests that Mahatma Gandhi's global recognition was significantly influenced by cinematic portrayals of his life and principles. Flagging a 'durdasha' (sad state of affairs) in post-Independence India, PM Modi said that when the movie was made of Mahatma Gandhi, did the world get 'curious' about Gandhi? ALSO READ: ‘Mahatma Gandhi said soon after Independence…’ Rajnath Singh reiterates ‘abolish Congress’ remarkPM Modi further emphasises that if Martin Luther King and Nelson Mandela had been well-known figures worldwide, India should have 'worked' better to make Mahatma Gandhi a world-renowned figure.

SIT set up to probe the Rajkot game zone fire that killed 27 said on Wednesday that they have been given the go-ahead to question even senior IAS and IPS officials if the probe warranted. In a related development, the Rajkot collector said that the DNA samples of all the victims have been matched with their relatives. The Special Investigation Team chief Subhash Trivedi spoke to the media after Gujarat Minister of State for Home Harsh Sanghavi met the SIT members in Gandhinagar and reviewed the progress in the probe. «We have been instructed to probe the roles of officers associated with Rajkot Municipal Corporation, fire department, police and power utility firm and take stern action if they are found guilty,» said Trivedi.

One 97 Communications, which runs Paytm, on Wednesday, jumped 5% to hit the upper circuit limit at Rs 359.55 on BSE after it was reported that billionaire Gautam Adani is likely considering picking up a stake in the company. Paytm founder and CEO Vijay Shekhar Sharma met Adani at his office in Ahmedabad to «finalise the contours of a deal» on Tuesday, The Times of India reported today. Sharma owns a 9.10% stake in the company and another 10% through a foreign entity Resilient Asset Management.

One97 Communications on Wednesday responded to a media report claiming that Adani Group chairman, Gautam Adani, is likely considering acquiring a stake in Paytm's parent company One97 Communications. «We hereby clarify that the abovementioned news item is speculative and the company is not engaged in any discussions in this regard. We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,» communicated the company in an official statement. Read More: Adani's fintech play: Gautam Adani likely in talks with Vijay Shekhar Sharma to acquire stake in Paytm's parent co

Paytm, according to sources cited by The Times of India. As per the report, Paytm founder and CEO Vijay Shekhar Sharma visited Adani at his office in Ahmedabad on Tuesday to "finalize the contours of a deal."However, Paytm denied any such talks.In a clarification issued on the bourses, it said, "We hereby clarify that the abovementioned news item is speculative and the Company is not engaged in any discussions in this regard.

Aditya Birla Fashion and Retail: ABFRL reported a net loss of ₹266.4 crore for Q4, an increase from the previous year’s loss of ₹194.5 crore. The company’s revenue rose by 18.3% to ₹3,406.7 crore. EBITDA also increased by 47.1% to ₹283.7 crore, and EBITDA margin improved to 8.3% from 6.7%.

Losing money to an online scam or fraud is not uncommon anymore. But what has becomecommon sadly is the loss of fortune to the tune of crores to hapless senior citizens. 

night-time warming in over 140 prominent Indian cities compared to non-urban areas surrounding them, a new research from the Indian Institute of Technology Bhubaneswar has found. According to the research, Ahmedabad, Jaipur and Rajkot had the highest urban effect, while Delhi-NCR and Pune were found to be at the fourth and fifth position, respectively. Urbanisation is known to be responsible for the urban heat island (UHI) effect, in which the concrete and asphalt (used in constructing roads and pavements) surfaces store heat during the day and release it in the evening, thereby raising night-time temperatures. Over time, this heat further affects other aspects of climate, including rainfall and pollution, researchers said in the study published in the journal Nature Cities.

Rajkot Gaming Zone fire tragedy, the Gujarat High Court came down heavily on the civic body on Monday and said that all the municipal commissioners, right from the time the TRP game zone was set up in 2021 till the time of the incident, should be held responsible for the incident. Saying that the HC could no longer trust the state machinery which reacts only after loss of innocent lives, the division bench comprising Justices Biren Vaishnav and Devan Desai asked the municipal commissioners to file individual affidavits. The court further asked the Chief Fire Officers of Ahmedabad, Vadodara, Surat and Rajkot municipal corporations to file affidavits regarding fire safety measures within their respective areas.

Adani Enterprises has become a dominant forcein the nation's infrastructure and energy sectors. It’s a diversified powerhouse with a strategic industrial ecosystem. Headquartered in Ahmedabad, this Adani group leader boasts a multifaceted portfolio.

Sunrisers Hyderabad captain Pat Cummins admitted that they failed to get enough runs on the board and would have stayed in the final if they reached 160 against Kolkata Knight Riders at Chepauk. On a night when clouds hovered over the MA Chidambaram Stadium, the red soil surface provided the ideal platform for the KKR quicks to express themselves. KKR vs SRH: The highlights

New supply of affordable homes — priced up to Rs60 lakh each — declined 38% across eight major cities to 33,420 units during January-March this year, with builders focusing on developing luxury flats, according to PropEquity. Real estate data analytic firm PropEquity attributed the fall in new supply to sharp rise in land and construction costs, which has made development of affordable housing projects less profitable or unviable. According to PropEquity data, the fresh supply of such homes was 33,420 units during January-March 2024 across top eight cities against 53,818 in the year-ago period.

Gujarat High Court has taken suo motu cognizance of the incident and the PIL will come up for hearing on Monday. A special bench of the Gujarat High Court, comprising Justice Biren Vaishnav and Justice Devan Desai, observed that «prima facie, a man-made disaster has occurred where innocent lives of children have been lost» as such recreation facilities have come up without adequate approvals from the competent authorities. «The gaming zone in Rajkot appears to have taken advantage of the loopholes in the Gujarat Comprehensive General Development Control Regulations to pave its way for creating illegal recreational activities,» the bench. It stated that it has also taken note of such gaming zones that have come up in Ahmedabad «which pose significant threat to public safety, especially to innocent children.»

High Court on Sunday took suo motu cognizance of the fire incident at a game zone in Rajkot which left 27 persons dead and said it was prima facie a "man-made disaster". Such gaming zones and recreational facilities have come up without the necessary approvals from competent authorities, the bench of Justices Biren Vaishnav and Devan Desai observed. The bench directed advocates of the Ahmedabad, Vadodara, Surat and Rajkot municipal corporations to appear before it on Monday with instructions as to under what provisions of law the authorities led these units to be set up or continue to operate under their jurisdiction. Four children under the age of 12 were among the 27 persons killed and three others injured in the massive fire that swept through the game zone in Rajkot teeming with people enjoying a summer vacation outing on Saturday evening, as per the officials.

Indian airports, calling it a “bottleneck" for passengers.In a post on X (formerly Twitter), Kapoor wrote, “Airport entry queues and ID/ticket checks - India is the only major country I am aware of that requires this. I wonder if there is a way forward that does not require this bottleneck."He further mentioned that DigiYatra, an application which helps facilitate a smooth and paperless air-travel experience, is only for tech-savvy air travellers.

₹1.97 crore in a well-orchastrated financial fraud prevalent on the social media.Singhania and Dhillon used to conduct video conference with other members including the victim.Those members started sharing on the WhatsApp group about the huge profits they had earned on the basis of investing tips. He, too, invested in the stock market via a website they recommended: app.alicexa.com.

chances will reduce to 4% on Sunday, the day of the final. Cricket legends Matthew Hayden and Kevin Pietersen backed Kolkata Knight Riders (KKR) to win the IPL 2024 trophy and said that they are the favourites to win the final game against Sunrisers Hyderabad at the MA Chidambaram Stadium, Chennai.