City Ahmedabad Financial News

23.01 / 08:41
COST Citi Booking hospital travelers International Hotels, tour operators, and more: 4 Key sectors to benefit from Ram Mandir inauguration
Indian Hotels Co., ITC, Mariott, Lemon Tree, Trident, and Oberoi are also planning hotel openings in the area. ITC is opening a seven-star property, 12 km from the temple. Meanwhile, IHCL is building Vivanta and Ginger-branded hotels.
23.01 / 01:43
Citizens Align trends hospital reports patient donates Trend of ‘muhurat’ C-sections coinciding with Ayodhya's Ram Lalla ‘Pran Pratishtha’
Ram Lalla in Ayodhya. According to a report by Times of India, in different urban centres, numerous infants were delivered through C-sections, emphasizing the importance of aligning their births with the “Abhijit Muhurat" period between 11:45 am and 12:45 pm. Also Read: Ayodhya Ram Mandir Inauguration Live Dr Sharika Roy, another gynaecologist in Patna, disclosed that at least twelve parents wished for deliveries to occur on the day of the consecration ceremony.
22.01 / 15:49
markets UPS IPO Apple wellness performer concert Weekly Suits & Sayings: A weekly roundup of the wackiest whispers and murmurs in corporate corridors & policy parlours
Big fat weddings have been urged to go local. So it’s goodbye Dubai, London, Maldives or Lake Como, and back to the drawing board. We know of at least three top business families—in Ahmedabad, Mumbai and Kolkata—that have had to search for desi alternatives at the last minute. Some have found a way out by hosting all the pre-wedding festivities in the original exotic locations as planned, while the big day is held back home. Considering that some A-list invitees were also wary of attending such shaadis after the Wed in India mission statement, this was a happy nuptial workaround. Life Moves OnTh
22.01 / 08:16
UPS Citi Platform Airlines social International Ayodhya Ram Mandir ceremony: SpiceJet launches special sale, fares, dates, and other details here
₹1622* (all-in) on non-stop domestic and international flights. “SpiceJet presents a special sale with airfares starting from Rs.
21.01 / 10:17
COST Progressive country Interviews Mumbai Ahmedabad-Mumbai bullet train project progress satisfactory, says JICA India chief
Ahmedabad-Mumbai bullet train project, the Chief Representative of JICA India, Saito Mitsunori, said that the PM Gati Shakti plan has accelerated public works in the country. In an interview with PTI, Mitsunori also expressed Japan's interest in enhancing India's border road networks and participating in the transnational power transmission project with Bhutan, Nepal and Bangladesh.
21.01 / 06:13
Citi Man Election film Actor show performer Main Atal Hoon Box Office Collection Day 2: Pankaj Tripathi’s Atal Bihari Vajpayee movie earns ₹1.80 crore on Saturday
Main Atal Hoon Box Office Collection Day 2: Pankaj Tripathi’s movie, Main Atal Hoon, opened with a lukewarm response at the box office. On the first Saturday, The biopic of former Prime Minister Atal Bihari Vajpayee, directed by Ravi Jadhav, earned ₹1.80 crore. On its release day, the movie did the business of ₹1.15 crore.
20.01 / 07:09
UPS SUN President RAI dance reports Ram Mandir inauguration: Rs 1,800 temple's construction plan started 15 years ago with L&T
Ashok Singhal, the former Vishwa Hindu Parishad president, the one responsible for taking up the matter with the chief of Larsen & Toubro, AM Naik, at that time. «L&T is a reputed firm. The plan to build the temple was discussed 15 years ago or so.
20.01 / 06:09
markets UPS Booking Remark wellness Trade performer Top 3 breakout stocks to watch out (one of them looks undervalued)
undervalued stocks available at a good bargain. These stocks not only offer a safety margin in their valuations but also show promising signs of aligning with the market's upward momentum, potentially heralding a prolonged bullish phase. This scenario presents a potential win-win if navigated astutely.
19.01 / 09:11
FIVE economy Boeing poverty track singer Traffic 'Wish I got to stay in such houses in my childhood': PM Modi hands over keys to 15,000 homes in Maharashtra
PM Modi gets emotional discussing PMAY-Urban houses completion in Maharashtra PM Modi is in Maharashtra's Solapur today where he laid he foundation stone of 8 AMRUT (Atal Mission for Rejuvenation and Urban Transformation) projects worth around ₹2,000 crore in the state. He kickstarted the distribution of 1st and 2nd installments to 10,000 beneficiaries of PM-SVANIDHI in the state during the programme.
19.01 / 08:51
markets UPS Celebrity inclusion reports travelers Ram mandir inauguration: Gujarat traders to give 'one day' salary bonus to employees on Jan 22
Gujarat traders have decided that they will be paying one day's salary to employees to celebrate the day, reported ToI. Traders have decided to gift their employees with a 'token bonus' which is equivalent to one day's salary to mark the special occasion. The initiative was kickstarted by Sanjeev Chhajer, former chairman of JITO Ahmedabad, who offered a one-day salary bonus to his employees. Since then, the idea has gained momentum, with around 100 traders already joining the cause, and more expected to participate before January 22. «We give bonuses to our employees on Diwali, so I decided to give a small token to mark this day,» said Chhajer. Nandu Mundhra, a textile trader based in New Cloth Market, expressed who has nearly 25 workers said «I employ 25 people and will give them a day's salary as a bonus so that they can celebrate on January 22.» In addition to the 'token bonus,' some traders have chosen alternative ways to contribute to the festivities. Sanjay Shah, director of a tour and travel company, has decided to distribute sweets and gifts to residents of old-age homes and orphanages. This gesture reflects the spirit of giving and inclusion during this auspicious time. Even sweet shop owners are joining in the celebration by offering discounts on their delectable treats. Jaimin Patel, a sweet shop owner, shared, «We have announced a discount of 10% for January 22. We will give up to 30% discounts on orders above 5 kg on January 21 and 22.» This offer allows customers to indulge in the joyous atmosphere and enjoy some traditional sweets at a discounted price.
19.01 / 02:47
markets UPS CEO students Schools Relationships NOT It's not placements as usual for IIMs this year
jobs for all students this placement season. The impact of the global slowdown and over-hiring during the post-Covid job boom are being felt at the Indian Institutes of Management (IIMs), where final placements are either ongoing or will begin soon. This year is turning out to be one of the most difficult ever for placements at the top IIMs of Ahmedabad, Bangalore, Calcutta, Lucknow, Indore and Kozhikode, officials and students across institutes told ET. Many did not wish to reveal their identity or their institute.
19.01 / 01:21
Cooper BAY country reports International Japan to help India cut power sector emissions
NEW DELHI : Japan International Cooperation Agency (JICA), the country’s development aid agency, is working with India on a roadmap to reduce carbon emissions in the power sector, Saito Mitsunori, the chief representative of the agency’s India Office said. JICA is also in talks with the central and state governments to fund more projects to improve connectivity with Bangladesh, Nepal and Bhutan, Mitsunori said.
18.01 / 07:21
UPS Citi Manufacturing Parke pandemic country Developers continue to acquire land on the back of demand for real estate
land deals for over 2707 acres closed in 2023 across the country up from 82 deals for 2508 acre a year ago. Backed by strong residential sales momentum across cities, at least 72% of the total land area closed in 2023 is slated to be used for residential development. “In terms of transaction size, Ahmedabad was the front-runner with the biggest land transaction in 2023.
17.01 / 13:23
markets UPS FIVE Corning Trade country Maize prices surge 20% in India as government promotes ethanol production
Maize prices increased by 20% in the first two weeks of January compared to October as demand picked up after the government’s plans to procure the commodity for ethanol production due to restrictions on the use of sugar for producing biofuel. As per trade estimates, maize prices increased to Rs 2,366 per quintal in Gulabbagh in Bihar and feed-grade maize prices increased to Rs 2,400 per quintal in Ahmedabad in Gujarat. “The prices will stay firm in the coming months because the demand is going to go up significantly,” said Gopal Sharma, a maize trader from Begusarai in Bihar adding that there even could be shortage of the commodity going forward. India is promoting the use of maize as an alternative to sugar to boost ethanol production and ensure sufficient supply of the sweetener in the market.
16.01 / 19:37
UPS Citi IPO Strategy Juniper hospital rights Juniper eyes more luxury hotels
₹1,800 crore (through the IPO) to grow rapidly. Of this, ₹1,500 crore will be a capital raise to deleverage and future growth. We will use the remaining ₹300 crore for general corporate purposes and will deploy that later.
16.01 / 12:09
Booking security Research wellness President International Red Sea crisis a storm for L&T?
₹ 3,605.7, hit on Monday. On Tuesday, L&T said that its construction arm has bagged a “mega" order, valued between ₹ 10,000 crore and ₹ 15,000 crore for constructing a high-speed electrification system for the Mumbai-Ahmedabad bullet train project. This significant domestic contract is expected to bolster L&T’s order book and revenue stream.
16.01 / 12:09
UPS Digital Progressive CEO Software Relationships L&T Technology Q3 Results: Net profit up 13.3% to ₹336 crore, revenue rises 12.3% YoY
₹336.2 crore for the third quarter of FY24, registering a growth of 13.3% from ₹296.8 crore in the corresponding quarter of last year, the firm said in a regulatory filing. L&T Technology’s revenue in Q3FY24 increased 12.3% to ₹2,421.8 crore, from ₹2,157 crore, YoY. Among other details, the firm said that the EBITDA of ₹487.7 crore for the quarter was registered up 11.9 percent, from ₹435.6 crore in the corresponding quarter of last year.
16.01 / 10:01
Waters Action pandemic performer information 2020 Courts SC issues notice to Gujarat govt in seaplane firm's blacklisting case
₹25 lakh for performance guarantee and ₹10 lakh earnest money deposit were forfeited due to non-submission of ownership or lease documents for the aircraft, a mandatory condition in the tender agreement. Last year, the company moved the Gujarat High Court, stating that it had won the bid but received a show-cause notice for termination due to not executing an agreement for the service. In October 2022, the high court dismissed the petition and noted that the show-cause notice had been issued informing the company about proposed actions due to non-compliance with the agreement conditions.
16.01 / 08:05
UPS Progressive security country travelers International Mumbai L&T bags mega order for high-speed electrification system for Mumbai-Ahmedabad bullet train project. Details here
Mumbai-Ahmedabad bullet train project. The company added that the order has been bagged from an authorised Japanese agency. "The railways strategic business group of L&T Construction has secured a mega contract to ....construct 508 route km of high-speed electrification system works for the Mumbai-Ahmedabad High-Speed Rail (MAHSR) Project, popularly referred to as the bullet train project," the company said in a filing to BSE.
15.01 / 11:25
Cooper Death wellness Universities Celebrity performer hospital Mumbai Union Home Minister Amit Shah's elder sister passes away in Mumbai
Amit Shah has cancelled all his engagements in Gujarat following the demise of Rajeshwariben Shah, he said. Rajeshwariben was in her mid-60s.
14.01 / 07:35
Target economy Food trends War country shock India withstood geopolitical shocks; will navigate future uncertainties too: MPC's Jayanth R Varma
RBI Monetary Policy Committee (MPC) member Jayanth R Varma said on Sunday. Varma further said he expects a benign outcome in 2024 where inflation comes down and growth remains robust. «The Indian economy has withstood all these shocks (Russia-Ukraine war, Israel-Hamas war, rising oil prices, Houthi attacks) in the last couple of years, and I do not believe that the geopolitical situation will be significantly worse in coming months than what we experienced in the recent past,» he told PTI in an interview.

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