City Ahmedabad Financial News

South African Tourism Board on Friday said it is expecting to welcome 1 lakh tourists from India this year, breaching the pre-COVID level. It is focusing on travellers from tier II cities to tap the huge potential in the smaller cities. Click & check your eligibility for immigration Find out «We hosted over 79,000 Indian travellers in 2023, which is 82 per cent of the pre-Covid levels. In 2019, 95,000 Indian visitors travelled to South Africa, and this year, we are expecting the footfalls from India to cross 1,00,000 tourists.

Hyundai Motor India is taking a significant leap towards making electric vehicles more accessible across the country. The company has recently expanded its ultra-fast EV charging network by setting up 11 new charging stations in various cities and along major highways. These new charging stations are strategically placed to benefit cities like Mumbai, Pune, Ahmedabad, Hyderabad, Gurugram, and Bangalore. They are also located along highways such as Delhi-Chandigarh, Delhi-Jaipur, Hyderabad-Vijayawada, Mumbai-Surat, and Mumbai-Nashik. The aim of these charging stations is to provide quick and convenient charging options for electric vehicle owners. Most of them operate 24/7, catering to both city dwellers and long-distance travelers. The charging stations utilize advanced technology that enables vehicles to be charged rapidly and efficiently. For example, the Hyundai IONIQ 5, one of Hyundai's electric vehicle models, can be charged from 10% to 80% in just 21 minutes using these chargers. To make the charging process even more convenient, customers can use the MyHyundai app. The app allows users to discover charging stations, navigate to them, pre-book charging slots, make digital payments, and monitor the charging status. Looking ahead, Hyundai plans to further expand its ultra-fast charging network to 10 or more new locations by 2024. Additionally, as part of an agreement with the Government of Tamil Nadu, Hyundai aims to install 100 charging stations by 2027.

Kerala-based startups witness 40% surge in seed-stage funding in 2023: Report Tamil Nadu startups also saw a crunch in funding, with an 85% plunge last year. Tamil Nadu-based tech startups secured a total funding of $255 million in 2023 as against $1.7 billion raised in 2022. Karnataka's tech startups attracted late-stage investments worth $2.3 billion in 2023, a 74% decline compared with $8.9 billion in 2022.

RAJKOT : India will be playing the T20 World Cup 2024, to be organised in the Caribbean and the USA, under the captaincy of Rohit Sharma, said BCCI secretary Jay Shah at an event here on Wednesday. "In 2023 (final) at Ahmedabad, even though we did not win the World Cup after 10 straight wins, we won hearts.

India will be playing the T20 World Cup 2024, to be organised in the Caribbean and the USA, under the captaincy of Rohit Sharma, said BCCI secretary Jay Shah at an event here on Wednesday. India have had Hardik Pandya as their full-time skipper in the shortest format but the heartbreaking loss in the final of the 2023 World Cup to Australia have reignited the murmurs of senior batters Virat Kohli and Rohit returning for the T20 showpiece in June. «In 2023 (final) at Ahmedabad, even though we did not win the World Cup after 10 straight wins, we won hearts. I want to promise you that in 2024 (T20 World Cup) in Barbados (venue for the final), under Rohit Sharma's captaincy, ham Bharat ka jhanda gaadenge (we will hoist the Indian flag),» Shah said at the end of his speech. Shah was present at the Saurashtra Cricket Association Stadium in Khanderi, which was renamed after veteran cricket administrator Niranjan Shah, as the chief guest.

₹1,800 crore and is entirely a fresh issue. Also read: Ixigo's parent Le Travenues Technology refiles draft papers with SEBI to raise funds via IPO Juniper Hotels stands as a leading luxury hotel development and ownership entity, boasting the largest ownership share, by the number of keys, of 'Hyatt' affiliated hotels in India as of September 30, 2023.

₹33.05 lakh including stock options, performance bonuses, one-time payments, and so on. The median salary for graduates of the two-year MBA programme for batch of 2023 at IIM-Ahmedabad was not available. The 2024 batches at business schools are currently at the fag end of placements seasons.

Juniper Hotels, which runs hotels under the «Hyatt» brand, announced the dates for its maiden public offer on Wednesday. The Rs 1,800-crore issue will open for subscription on February 21 and close on February 23. The IPO with a face value of Rs 10 is entirely a fresh equity with no offer for sale (OFS) component. The price band for the public offer will be announced soon.

₹3,296 crore. Like-to-like consumption was softer, up 5%. This can be partially due to the usual quarterly shift in the festive season.

A robust 17.4% YoY surge in rents was recorded across 13 major Indian cities, with Gurugram (31.3% YoY), Greater Noida (30.4% YoY) and Bengaluru (23.1% YoY) taking a lead, according to Magicbricks’ flagship Rental Update (October- December 2023).

India's oldest Test cricketer and former captain Dattajirao Gaekwad died on Tuesday due to age-related ailments. Gaekwad, who was the father of former India opener and national coach Aunshuman Gaekwad, was 95. He breathed his last early this morning after battling for life in the ICU of a Baroda hospital for the past 12 days, a source in the family told PTI. He played 11 Tests for India between 1952 and 1961, captaining the national team in 1959 when it toured England.

Tata Steel, NPCI, Jio Financial Services, Newgen Software Tech, Javis, BNP Paribas, Axis Bank and S&P Global, the institute said in a statement on Tuesday. Cluster 3 comprised firms across eight cohorts including BFSI, analytics & IT consulting, core manufacturing & infrastructure, renewable energy & greentech, government enterprises, enterprise tech, fintech and logistics. Many new recruiters participated this year across cohorts, including Waree and Jio Financial Services.

Mumbai-Ahmedabad train corridor also known as 'Bullet train.' Captioning it “Stay tuned for #BulletTrain in Modi 3.0!", Vaishnaw's post ahead of the upcoming elections, seemed like yet another poll promise in the Indian railways, if Prime Minister Narendra Modi and his cabinet is voted back to power for a third straight term, in the upcoming 2024 Lok Sabha Elections. The Mumbai-Ahmedabad corridor has been making steady progress since work began in November 2021.

Supertails, which focuses on petcare products and services, has raised $15 million (around Rs 125 crore) in equity funding led by RPSG Capital Ventures. The firm’s existing investors such as Fireside Ventures, Saama Capital, DSG, and Sauce VC also participated. The funds will be used for offline expansion, scaling up products, acquiring new customers and expand its healthcare service, Supertails Pharmacy. The company plans to launch trial stores in a mix of metropolitan and tier-I cities like Bengaluru, Mysore or Ahmedabad. Currently, the company does not have physical retail stores.

Indian Oil Corp (IOC) to nominate an arbitrator each within a week to resolve their dispute involving Essar Steel. The apex court also set aside the October ruling of the Delhi high court which had rejected IOC's plea for the appointment of an arbitral tribunal to settle its claims. According to the top court's directive, the nominated arbitrators will need to appoint a third arbitrator to complete the formation of the arbitral tribunal.

NEW DELHI : ArcelorMittal Nippon Steel and Indian Oil Corp (IOC) informed the Supreme Court on Friday that they have agreed to appoint an arbitrator to settle their dispute involving Essar Steel. Both sides urged the apex court to set aside the Delhi high court's judgment, which has been challenged in the current petition. The legal counsels requested the court to refrain from passing further orders in the case.

Ravindra Jadeja and batter KL Rahul were on Monday ruled out of the second Test against England starting in Visakhapatnam on February 2. Jadeja sustained a hamstring injury during play on Sunday while Rahul complained of a right quadriceps pain. «Mr.

IDFC First Bank Test against England in Vizag, starting February 2. Ravindra Jadeja sustained a hamstring injury during play on Day 4 of the first Test in Hyderabad while KL Rahul complained of a right quadriceps pain.

Strata, a tech-enabled platform for fractional investments in commercial real estate, is in the process of acquiring 700,000 square feet of commercial real estate valued at around Rs 700 crore by the end of the current financial year. The firm is in active discussions to acquire multiple assets across Bengaluru, Pune, Mumbai, Ahmedabad, and other cities. «In the last 12 months, the firm acquired nearly 900,000 sq ft of office space across Mumbai, Bangalore, Pune, and Jaipur, valued at around ?584 crore,» said Sudarshan Lodha, co-founder & CEO of Strata. The acquisition also includes 53,000 square feet of commercial assets in Pune for fractional ownership. The new investment opportunity is leased out to India's largest flex working space, has a 5-year lock-in and lease, and is expected to offer a gross entry yield of 9.1% with a total IRR of 13.1%. Strata is aiming for assets under management of Rs 2,000 crore by the end of 2023-24. It surpassed its AUM of Rs 1,300 crore and aims to expand its presence in western states such as Maharashtra, Rajasthan, and Gujarat.

Bollywood movie, Shaitaan, is out. The horror thriller stars Ajay Devgn, R Madhavan and Jyotika. The 91-second teaser paints a horrifying picture of an eery setup.

ALSO READ: Virat Kohli withdraws from first two Tests against England citing personal reasons As India's star cricketer Virat Kohli will not join the squad for the first two tests due to personal reasons, Rahul and Shreyas Iyer are likely to feature in the XI. Rahul is likely to play only as a specialist batter like Iyer. Dravid said the choice would be between Bharat and Jurel, on being asked who would do the wicketkeeping for India.