City Ahmedabad Financial News
04.03 / 14:17
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Karnataka news: 3 minor students, entering exam hall, attacked with acid in Mangaluru
The News Minute. The attacker – Abin (23) – has been arrested by the police. Police said that Abin is a resident of Nilambur taluk of Malappuram district in Kerala. According to the police, the accused reportedly entered the college premises on 4 March and threw acid on a 17-year-old girl.
03.03 / 21:03
markets
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IFFCO moves NCLT against Triumph Offshore, Swan Energy
IFFCO has moved the NCLT against Swan Energy Ltd (SEL) and their joint venture Triumph Offshore to restrain their JV firm from passing any resolution without its approval and issuing any share/security to the lenders against loans. Seeking an injunction against any such proposal, IFFCO, in its petition filed before the Ahmedabad bench of the NCLT, alleged that Triumph Offshore is pre-paying the debt, which may result in dilution of its shareholding in the joint venture firm and is detrimental to its interest. IFFCO has moved the NCLT under sections 241 and 242 of the Companies Act 2013, alleging oppression and mismanagement. It has prayed to restrain Swan Energy and Triumph Offshore «from passing any board resolution without the prior written approval of petitioner (IFFCO), with reference to the substitution of the bank term loan with promoters loan or from issuing any shares/security or any instrument convertible into equity in favour of R2 (SEL) or any third party, which may result into diluting shareholder of the petitioner».
02.03 / 09:59
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Sharad Pawar attends govt's Namo job fair in his Baramati stronghold after invite gaffe
Sharad Pawar was present along with Maharashtra Chief Minister Eknath Shinde, Deputy CMs Devendra Fadnavis and Ajit Pawar for the inauguration of the 'Namo Rojgar Melava 2024' on Saturday in the opposition stalwart's Baramati stronghold. The NCP founder's presence at the job fair capped a chain of events that saw his name being initially omitted from the list of invitees, followed by him calling CM Shinde and Deputy CMs Fadnavis and Ajit Pawar for a meal at his residence. Shinde and Fadnavis had declined the meal invite by citing a busy schedule, while the position of Ajit Pawar, a bitter rival of Sharad Pawar since the split in the NCP in July last year, was not known.
29.02 / 08:45
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Teach For India 2024 fellowship applications open till March 17
Teach For India has announced the opening of applications for the 2024 Fellowship program, inviting individuals interested in working towards educational equity for children. The Fellowship, a full-time paid position spanning two years, aims to nurture changemakers in the education sector. Eligibility Criteria
29.02 / 06:19
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IndiGo announces six new domestic routes; Check details here
IndiGo on Wednesday announced new domestic route additions to its flight network. The latest routes will be functional from March 31, 2024. The airline will be operating direct flights between Ahmedabad-Rajkot, Ahmedabad-Aurangabad, Bhopal-Lucknow, Indore-Varanasi. The airline has also announced direct flights between Kolkata-Srinagar and Kolkata-Jammu from April 10, 2024 and April 21, 2024, respectively. Flights between Kolkata and Jammu via Srinagar are also set to begin from April 10, 2024.
27.02 / 14:03
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Hotel chains on signing spree of management contracts for 2024
₹300 crore in a year would pay ₹18-30 crore to an operator for management services. These partnerships are often long-term, with most hotels signing contracts lasting 12-15 years. Many hotels are looking to largely brand hotels that are new developments or greenfield projects for their upcoming pipeline as opposed to brand conversions projects, which would account for just 20-30% of the pipeline.
27.02 / 07:15
Maxim
security
prevention
Courts
NCLT approves Hinduja's acquisition of bankrupt Reliance Capital
₹9,861 crore to acquire Reliance Capital, which was subsequently approved by the administrator. The bid also received overwhelming support from creditors, with a 99% majority voting in favour. However, Hinduja was embroiled in a legal battle with Ahmedabad-based Torrent Investments regarding the submission of bids under the corporate insolvency resolution process (CIRP).
26.02 / 08:57
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Adani in talks with Uber to own, operate an EV fleet
Adani group is planning to foray into the cab service space with electric vehicles in partnership with Uber, multiple people aware of the negotiations told ET. Billionaire Gautam Adani and Uber CEO Dara Khosrowshahi last week discussed the strategic alliance whereby Adani Group is looking to become a fleet operator by purchasing and listing hundreds of electric four-wheelers on Uber, the sources said.
25.02 / 19:13
Citi
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Savvy Group bags bid for a mega commercial project in GIFT City
Ahmedabad-based realty firm Savvy Group has emerged the highest bidder for developing the largest commercial and recreational project in the special economic zone of Gujarat International Finance Tec-City, or GIFT City. The project — spread over 2.8 million sq ft and entailing an investment of more than ₹1,200 crore — will also include an innovation and startup hub. The company has pipped three other bidders to bag the proposed project that surpasses all existing developments within the GIFT City, which previously boasted the largest development covering a million sq ft.
25.02 / 05:47
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Will ODIs 50-over format be changed to 40-over? Here's what ICC has to say
Insidesport reported. During the meeting, there was a proposal put to shorten the 50-over matches to 40-overs as the latter was attracting less audiences, the report added. The proposal paper claimed that the matches should be played in a 40-over format in an attempt to revive interest among cricket enthusiasts in the ODI format.
24.02 / 04:35
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Top news this week: Farmers Delhi Chalo march on halt, IPL schedule, Cong-SP seat sharing deal and more
Read more here Prime Minister Narendra Modi attended the Golden Jubilee celebrations of the Gujarat Cooperative Milk Marketing Federation at the Narendra Modi Stadium in the Motera area of Ahmedabad on Thursday. PM Modi in his speech said, "Our focus is on welfare of small farmers". The prime minister added that, “The large scale on which this organization of small animal farmers is working today is the power of organization, the power of cooperation".
24.02 / 02:15
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Gujarat: Two dead, several injured after cement tanker hits bus in Nadiad
injured after a cement tanker hit a bus on the Ahmedabad-Vadodara Expressway in Nadiad in the late hours on Friday. According to the police, bus broke the roadside railing and fell 25 feet down on the roadside. Rajesh Gadhiya, Superintendent of Police, said, «The bus was going from Ahmedabad to Pune in which there were about 23 passengers. The driver of a cement tanker suddenly turned left and hit the bus. Two people have died and several people have been injured. Their treatment is underway. A case will be filed against the tanker driver and further legal action will be taken.»
23.02 / 08:03
UPS
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ED conducts raids against company promoted by former UP MLA in connection with bank loan fraud
Enforcement Directorate on Friday raided locations in Uttar Pradesh, Gujarat and Haryana as part of an alleged ₹750 crore bank loan fraud-linked money laundering probe against a road construction and toll plazas operating company promoted by a former UP MLA, official sources said. The search action is being taken against Gangotri Enterprises and its main promoters Vinay Shankar Tiwari, Rita Tiwari and Ajeet Pandey.
22.02 / 19:23
UPS
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Patanjali's late bid for Rolta Spurs more to join the race
bidders are queueing up for the debt-laden Rolta India after the National Company Law Tribunal (NCLT) allowed Patanjali Ayurved to submit a late bid for the company. Welspun Group's MGN Agro Properties and Mumbai-based B-Right Real Estate have successfully petitioned the NCLT to also submit bids. In fact, the Mumbai bench of the NCLT gave all new bidders time till February 25 to submit a formal expression of interest.
22.02 / 08:09
COST
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'Govt leaving no stone unturned to ensure farmer welfare': PM Modi
Narendra Modi said on Thursday while addressing farmers at the golden jubilee celebrations of the Gujarat Cooperative Milk Marketing Federation in Ahmedabad. «We are leaving no stone unturned to ensure farmer welfare. The government has built 60,000+ Amrit Sarovars across the country. This initiative will not only benefit farmers but will also strengthen the rural economy. Our goal is to provide modern technology and its know-how even to the small farmers of the country,» PM Modi said. «Our focus is to improve the life of small farmers, to increase the scope of animal husbandry, to improve the health of animals, to encourage animal husbandry as well as pisciculture and beekeeping in the village,» PM Modi.
22.02 / 07:01
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Amul jaisa koi nahi: PM Modi hails Amul's contribution in India's dairy sector; calls for making it world's No. 1 dairy co
Gujarat Cooperative Milk Marketing Federation (GCMMF), which runs the brand Amul. While highlighting the uniqueness of the brand- Anand Milk Union Limited (AMUL), the former Gujarat Chief Minister also congratulated Amul and noted its contribution to India's dairy sector. «After India's independence, several brands came up in the country. Lekin Amul jaisa koi nahi — Amul has become the identity of livestock keepers. Amul means trust, Amul means development, Amul means public participation, Amul means farmer empowerment, Amul means inspiration for Aatmanirbhar Bharat, Amul means big dreams, big resolutions and bigger accomplishments,» Modi said in Ahmedabad. He also commended Amul's success and called it an 'example' for future generations.
22.02 / 03:11
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Top news today: From PM Modi's Gujarat visit to Shahi Idgah case hearing, list of events to watch out
Mint brings you a list of important events to keep an eye on. Farmers’ Protest: Bhartiya Kisan Union (BKU) leader Rakesh Tikait on Wednesday informed that a crucial meeting of the Samyukta Kisan Morcha (SKM) will take place on Thursday, February 22, where farmers from across the country will convene to decide the future course of the agitation. PM Modi to visit Gujarat: PM Modi will inaugurate projects worth ₹79,517 crore on Thursday during his one-day visit to Gujarat.
21.02 / 09:03
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PM to participate in Gujarat Milk Fed's golden jubilee celebration on Feb 22, inaugurate projects in Varanasi on Feb 23
PM Modi will participate in the Golden Jubilee celebration of the Gujarat Cooperative Milk Marketing Federation (GCMMF). "The Golden Jubilee celebration of GCMMF will witness participation of more than 1.25 lakh farmers at Narendra Modi Stadium, Motera, Ahmedabad." On the same day, he will "dedicate to the nation and lay the foundation stone of multiple development projects worth more than ₹22,850 crore" in Mahesana and Navsari.
20.02 / 18:21
Reserve Bank of India
Mumbai
Mumbai Launches Metropolis Metaverse to Showcase Infrastructure Projects
Mumbai, the bustling financial hub of India, has introduced a metaverse initiative aimed at showcasing its latest and upcoming city-wide infrastructure megaprojects.
19.02 / 16:39
Citi
Provident
Mobile
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travelers
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Mumbai
Mumbai all set to transform within next few years! Devendra Fadnavis launches 'Mumbai Metropolis Metaverse' site
Mumbai Metropolis Metaverse which will offer an immersive virtual representation of Mumbai. In this 3D map, the government aims to give the people an idea of how Mumbai (MMR) will look in the coming years and the sort of new amenities the city is going to provide to the Mumbaikars.
18.02 / 01:21
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wellness
RAI
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Updates
South Eastern Railways cancels Humsafar Express operations on THESE days. Check details here
South Eastern Railways said that the 20828 Humsafar Express, operating from Santragachi to Jabalpur via Tatanagar, will not run on February 21 due to the construction of a third line between Anuppur and New Katni stations on the Ghunghuti section of Bilaspur. According to reports, the cancellation of the down train will extend to February 22 as well.
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