City Ahmedabad Financial News

Subscribe to enjoy similar stories. Mumbai: With affluent flyers buying food, chocolates, perfumes and duty-free liquor, Adani Airport Holdings Ltd made more incremental income from its non-aeronautical business than from its mainstay of managing air traffic during the first nine months of FY26. Aero income of the Adani Group company, which is the biggest private airport operator, grew by over a fifth year-on-year to ₹3,495 crore during the first nine months of FY26.

Subscribe to enjoy similar stories. As part of the Income Tax Rules, 2026, notified last week, the government has proposed three key changes that may tilt the needle towards the old tax regime again. First, the children’s education allowance exemption is to be increased sharply from a token ₹100 per month per child to ₹3,000 per month per child.

Subscribe to enjoy similar stories. The draft income tax rules released by India’s government for public comments are a marked improvement on what’s currently in force. For one, the number of rules and forms will almost be halved.

Subscribe to enjoy similar stories. The economic survey and the budget underscored the importance of India’s “orange economy", explicitly acknowledging its potential as an engine of growth. Budget 2026 proposed an outlay of ₹250 crore for talent development in the animation, visual effects, gaming and comics (AVGC), which can be classified as “orange economy" sectors.

Subscribe to enjoy similar stories. Having built a distinct mark as one of India's prominent diversified financial services groups, Motilal Oswal Group is now stepping up its focus on physical infrastructure. At a time when co-working spaces are booming and companies are pursuing asset-light, flexible office models, the group is investing heavily in owned office towers.

Subscribe to enjoy similar stories. On 27 January 2022, the government sold its beleaguered airline Air India to the Tata Group. Four years later, the airline is in better shape, on a path of consolidation, growth, and repair.

Subscribe to enjoy similar stories. MUMBAI : A timely connectivity to the Indian power grid could help Adani Power Ltd offset some of the potential risks to its financials if its $1-billion-a-year power supply deal with Bangladesh sours, after India’s eastern neighbour accused the Ahmedabad-based conglomerate of charging above-market rates. A committee set up by Bangladesh’s interim government to review power supply deals signed under the now-ousted Sheikh Hasina regime has accused Adani Power of exporting electricity priced about 50% above market rates.

Subscribe to enjoy similar stories. New Delhi: India’s top electric bus manufacturers are gearing up for the government’s next mega tender of 6,230 electric buses, cumulatively valued at over ₹6,000 crore, to be deployed across five cities—Delhi, Mumbai, Pune, Ahmedabad and Hyderabad—according to tender documents released on 9 January. Delhi, grappling with severe air pollution, will get the largest allocation of 3,330 electric buses through this round of procurement, the tender document, reviewed by Mint, showed.

Dear reader, as 2025, a year of global tumult and volatility, rolled by, Mint's reporters and columnists looked around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected] was a year of sharp contrasts for Indian sport—marked by on-field success in cricket and marquee hosting ambitions, but also by mounting concerns over valuations, media rights and administrative failures.Cricket dominated on the field and in business as Team India scored crucial international wins, including a maiden victory in the Women’s World Cup this year.For once, India’s sportswomen were in the spotlight for their performance and brand deals.

Dear reader, as 2025, a year of global tumult and volatility, rolled by, Mint's reporters and columnists looked around the corner on what is coming in 2026—to help you know what to expect and prepare for it. Tell us what you think at [email protected]: The past 12 months have likely been the most challenging yet for the chief executive officers (CEOs) of India’s two largest airlines, IndiGo and Air India, which together control about 91% of the country’s aviation market.In September 2022, Tata Sons appointed Campbell Wilson as CEO of Air India to revive the debt-laden carrier it had acquired from the government earlier that year, under a five-year phased transformation plan.

With India’s urban hubs struggling with creaking infrastructure and weak service delivery for bulging populations, the central government is drawing up a blueprint to give municipal administrators greater autonomy over finances and service delivery, while reducing reliance on state and central grants.The blueprint—expected to be unveiled at the upcoming Union budget—will focus on strengthening urban local bodies’ (ULBs’) own-revenue sources such as property tax and user charges, two government officials directly involved in the process said, requesting anonymity.It will also encourage ULBs—including municipal corporations, municipalities and nagar panchayats—to tap market-based instruments including municipal and green bonds to fund long-term urban investment.

₹638 crore penalty order from the office of the additional commissioner, Central Goods and Services Tax, Ahmedabad. The company said it does not agree with the order and will pursue legal remedies.The disclosure came close on the heels of developments around its long-running adjusted gross revenue (AGR) dues, which have kept the stock volatile.The Centre has reportedly approved a relief package that freezes Vodafone Idea’s pre-FY18 AGR dues, estimated at ₹87,700 crore, and grants a five-year, interest-free moratorium, pushing payments out to FY32-41.

Mint reported earlier on 1 November that PMI, EKA and Olectra were eyeing this tender. EKA confirmed the development to Mint.

Mint breaks down what’s driving this improvement and why affordability is still under pressure.India’s residential real estate market continues to see strong demand. Despite housing prices being on the rise, certain cities, including Mumbai, the country’s most valuable property market, are seeing improving homebuyer affordability.Knight Frank’s Affordability Index, which measures the proportion of household income spent on equated monthly instalments (EMIs), shows a consistent improvement across the top eight cities since 2010.Affordability is influenced by three key factors: weighted average prices, income levels and home loan interest rates.

canceled more than 4,500 flights due to a pilot shortage, failing to meet new DGCA regulations capping pilots' flying hours from midnight to 6AM. A nationwide uproar prompted the aviation ministry and DGCA to launch an investigation, slash IndiGo's daily flights by 10%, and demand explanations from IndiGo chief executive officer (CEO) Pieter Elbers and the airline's chief operating officer Isidre Porqueras.While the Indigo cancellations seems to have been a case of mismanagement by the airline, the role of ministry of civil aviation and DGCA came under the lens for lapses.“They did not spot the craters in time, they did not prune the expanded schedules in time nor they did not verify if they had the pilots for the schedule, even when they saw the troubles brewing in November,” said Sanjay Lazar, aviation safety specialist and CEO of Avialaz Consulting.Six months ago, Air India's Flight 171 crashed seconds after takeoff from Ahmedabad, with at least 260 fatalities.

Mint.The sustainable transport provider, which operates a fleet of more than 1,400 vehicles, is targeting BluSmart’s over 5,000 charging stations and technology stack, and has asked its interim resolution professional (IRP) to reopen the expression of interest (EoI) window after missing the initial deadline, said a person familiar with the matter.The firm is expanding its presence across its five cities of operation: Bengaluru, Hyderabad, Delhi, Mumbai, and Chennai.To be sure, Refex Mobility is a wholly owned subsidiary of conglomerate Refex Industries Ltd, which had been in talks to acquire Gensol Engineering Ltd’s 2,997 electric cars leased to the electric cab operator, but dropped the deal in March after the latter’s ratings were downgraded.Arun, who exited the ride-hailing company during its debt-repayment crisis earlier in 2025, along with chief technology officer Rishabh Sood and chief business officer Tushar Garg, joined Refex Mobility in August as its CEO.In March, credit rating agencies Icra Ltd and CARE Ratings Ltd downgraded Gensol’s credit rating to junk due to delays in debt servicing, prompting Refex Industries to cancel the ₹315-crore deal with Gensol.In April, the Securities and Exchange Board of India (Sebi) barred Gensol, its chief executive Anmol Singh Jaggi and promoter director Puneet Singh Jaggi from the securities market over charges of fund diversion.Soon, the operations of the Jaggi brothers and Punit Goyal-founded company came to a grinding halt, pushing its group companies into insolvency court.The National Company Law Tribunal’s (NCLT) Ahmedabad bench commenced BluSmart Mobility's corporate insolvency resolution process (CIRP) on 28 July on a plea filed by Catalyst Trusteeship over a default

Subscribe to enjoy similar stories. Private bus operators and online ticketing platforms are hoping to retain more users as travellers stranded by the IndiGo flight cancellation fiasco seek out last-minute travel alternatives. From local travel companies to electric-bus startups, everyone is vying for a share of a market that has lit up like a Christmas tree.

Subscribe to enjoy similar stories. Mumbai: Kuala Lumpur-based private equity firm Creador has acquired a 7% stake in La Renon Healthcare from the promoter and existing investor Peak XV Partners for an undisclosed sum, the companies said in a statement on Monday. Creador’s purchase of shares from Peak XV comes about a decade after the venture capital firm first invested in the company.

Subscribe to enjoy similar stories. In October, when the Indian cricket team walked on to the pitch in Ahmedabad during the Test series against West Indies with the Apollo Tyres logo on their shirts, it was a moment of intense pride for Neeraj Kanwar. “It’s not just a logo.

Subscribe to enjoy similar stories. MUMBAI : Fireside Ventures has closed its fourth consumer-focused fund at $253 million with a more diverse base of investors, or limited partners (LPs), to continue backing early-stage startups in India, a top official at the investment firm said. “In this fund, we have a 50-50 split between domestic and global investors.

Congress has had a historical connection with Gujarat as its stalwarts, Mahatma Gandhi and Vallabhbhai Patel, hailed from there and the party has held five of its sessions in the state, with each of those contributing in shaping the country's history. The upcoming All India Congress Committee (AICC) session in Ahmedabad on April 8-9 will be the party's sixth in the state and the second post independence. It will also be the Congress's third session in Ahmedabad since its formation in 1885. In a video statement, Congress general secretary in-charge of Gujarat affairs Mukul Wasnik said on Sunday that the session would be attended by party president Mallikarjun Kharge, former party chiefs Sonia Gandhi and Rahul Gandhi and other top leaders. He said all key issues facing the country and political challenges will be discussed at the session and the direction of Indian politics shaped. A couple of days before the session, Congress general secretary in-charge communications Jairam Ramesh put out on X the official records of the past sessions held in Gujarat.