City Ahmedabad Financial News

08.01 / 07:23

markets UPS Citi wellness country reports Sharp rise in egg prices across the country due to decline in production: Report

₹6.50, and in Pune, the egg rates have spiked up to ₹7-7.50 per piece. Last year, wholesale egg prices in Pune were at ₹6.44. How people can keep their investments less vulnerable to events in 2024 The whole prices of eggs were high in other Indian cities as well.

08.01 / 04:15

markets Citi Aviat Aware Strategy International Destinations Destination Asia for Adani's airport business

NEW DELHI , BENGALURU : The Adani Group is looking to take its airports business global beginning with the Far East and Southeast Asia, a top executive aware of the development said. The expansion would be part of the second phase of the airport plans of the group, which entered the sector in 2020. “The new strategy will run parallel to the domestic expansion strategy through acquisition of airports being divested by the government, and also looking at bidding for greenfield airports," the executive said on the condition of anonymity.

07.01 / 06:36

markets Citi CEO Mobile Tesla country reports View: Time for India to move into top gear with an eye on 2030 EV public infra goal

Elon Musk arriving in India next week to announce a Tesla manufacturing unit in Gujarat (although no official confirmation has come yet), the focus has once again shifted to ramp up the public infrastructure for electric vehicles (EVs) in the country in order to meet the ambitious 2030 goal of the government. India needs to have a robust backbone for charging infrastructure across the length and breadth of the country with considerations of traffic and population density, as it aims to break the barriers for large-scale adoption of electric vehicles. India's top nine cities, with a population of over 40 lakh each, would require 18,000 public EV charging stations by 2030, according to the recent government data.

05.01 / 08:21

markets Citi economy Sustainability trends reports Housing sales in top eight cities witness 33% YoY growth in 2023: Report

Residential real estate sales in India were at their highest since the peak seen in 2013, witnessing a 33 percent YoY growth, with a total of 4.10 lakh units sold during calendar year 2023, according to the latest report by PropTiger.com.

05.01 / 05:31

UPS Man Enterprise Research Trade Gautam Adani overtakes Mukesh Ambani as India's richest man, both climb spots on world rich list

Gautam Adani, Chairperson of the Adani Group of companies has overtaken Reliance Industries Chairman Mukesh Ambani on the Bloomberg Billionaire's Index (BBI), to become India's and Asia's richest man. While Adani has seen his worth climb into the top 12 on the world rankings, Ambani is just one rung below at 13. Both have moved up spots since last year.

04.01 / 14:03

markets UPS Citi pandemic trends country reports Why bigger and more shopping malls are coming up in top cities

shop online. After the Covid lockdowns, retailers had started shutting stores or reducing the size of stores to save on rentals.

03.01 / 13:41

Citi Manufacturing Mobile Parke Election Department Gujarat signs deal worth ₹7.17 trillion with 58 companies ahead of Vibrant Gujarat Global Summit

AHMEDABAD : India's Gujarat state on Wednesday signed initial investment agreements worth ₹7.17 trillion ($86.07 billion) with 58 companies operating in sectors such as energy, oil and gas, and chemicals, its government said. The home state of Prime Minister Narendra Modi, Gujarat has been signing these agreements ahead of its biennial Vibrant Gujarat Global Summit, which is scheduled to take place in state capital Gandhinagar from Jan. 10 to Jan.

02.01 / 12:37

Provident economy Southern President country rock reports Truck drivers protest: Chandigarh caps petrol, diesel sale as stir hits fuel supply, says report; Details here

₹ 200 of fuel, while four-wheelers are limited to 5 litres or a maximum value of ₹ 500, NDTV reported. ALSO READ: Drivers launch protest across India against increased jail term for hit-and-run cases Tapan Sharma, a former president of the Ahmedabad Motor Transport Association in Gujarat, told PTI that the protests occurred spontaneously. "The association has not called for a strike.

01.01 / 10:53

Manufacturing Parke Tesla Metro social reports testing Traffic Tesla SUV spotted in Bengaluru traffic; netizens ask, ‘Did no one break the glass?’

Tesla Model X was recently spotted in Bengaluru's traffic, creating a buzz among social media users, who engaged in a guessing game as to whether the vehicle was privately owned or if the Elon Musk-led company was conducting test drives in Bengaluru. The ultra-red Tesla SUV was reportedly spotted in Bengaluru's Minsk Square area near the Cubbon Park metro station.

31.12 / 15:34

Citi Booking Action Matthews information reports travelers Gujarat police register rape case against Cadila Pharma CMD after HC order

assault and intentional insult on a complaint by a Bulgarian woman, who had joined the company as a flight attendant, an official said on Sunday. The police have said that they can only investigate the matter and submit a report to the high court for now.

30.12 / 16:05

Airlines Celebrity country Department Delhi hit by dense fog, Pune to Jaipur flight among several delayed. Check here

affected flights, Air India's AI 850 from Pune to Jaipur, originally scheduled to depart at 20:55, faced a delay with a new estimated time of departure (ETA) at 22:38. Similarly, flight 9I 696, operating from Ahmedabad to Udaipur, was delayed from its initial departure time of 15:55, now expected to take off at 21:05. Flights to and from Goa's airport were also affected, with SpiceJet's SG8212 experiencing delays.

30.12 / 11:29

FIVE Manufacturing CEO Micron testing Gujarat's semiconductor policy drawing interest from Japanese, South Korean firms

Gujarat became the first state to introduce its semiconductor policy in 2022, with several companies from Japan, South Korea, New Delhi and Bengaluru expressing interest in investing in the sector during events organised ahead of the upcoming Vibrant Gujarat Global Summit 2024, officials said. As per a government release, the state's semiconductor policy aims to play a significant role in the global realignment of supply chains in the strategic sector and raise India's economic position.

30.12 / 08:47

Citi Provident pandemic country travelers Home Affordability improve across Indian cities in 2023: Knight Frank India

The EMI (Equated Monthly Instalment) to income ratio for households has improved in 2023 after the brief decline in affordability in 2022, according to Knight Frank India’s proprietary Affordability Index.

29.12 / 15:48

Manufacturing Torrent Power incorporates wholly-owned subsidiary Torrent Green Hydrogen

Torrent Power on Friday announced the incorporation of its wholly-owned subsidiary Torrent Green Hydrogen Private Limited. In a regulatory filing, the company said Torrent Green Hydrogen Private Limited (TGHPL) was incorporated to carry on the business of manufacture, assemble, purchase, purify, store, transport, experiment with, the supply, trade and generally deal in hydrogen, its byproducts and/or its derivatives like ammonia, chemicals, compressed natural gas and mineral substances.

29.12 / 12:36

CEO Action President Actor performer information Courts Mumbai Mumbai courts 2023: Naresh Goyal goes to jail, Sooraj Pancholi acquitted, bail for Elgar accused

Naresh Goyal being sent in judicial custody in a loan fraud case, two accused in the 2018 Elgar Parishad-Maoists links case getting bail, and actor Sooraj Pancholi's acquittal in the Jiah Khan suicide case were among the highlights of the court news from Mumbai in 2023. On January 2, the Bombay High Court refused to discharge Lt Col Prasad Purohit in the September 2008 Malegaon blast case, noting that he was not performing his official duty — as he claimed in his defence — when he allegedly attended the blast conspiracy meetings. The recording of evidence in the case was completed before a special NIA court later in the year.

29.12 / 09:26

Citi Hyundai 35% of women opted for used cars in 2023; Grand i10 most popular choice: Spinny

Maruti Suzuki, Hyundai and Honda are ‘most-trusted’ brands among used car buyers While grey, and red were the preferred colours among Spinny buyers. The data also revealed that Bengaluru, Delhi-NCR, and Hyderabad were the cities with the highest demand for used cars in 2023.

29.12 / 08:13

reports M&M gets Rs 4.12 crore tax penalty; company to challenge

penalty of Rs 4.12 crore over input tax credit claim and education cess credit balance carry forward from pre-GST regime to GST regime in relation to its two-wheeler business. In a regulatory filing, Mahindra & Mahindra said it has received an order from the office of the Deputy Commissioner, State Tax, Audit Wing, Indore-01, Madhya Pradesh imposing a penalty amounting to Rs 4,11,50,120 to the two-wheeler business of Mahindra Two Wheelers Ltd (MTWL), which was demerged from MTWL and has since been merged with the company.

29.12 / 03:33

Citi Provident Manufacturing Department Gujarat News: Liquor permits swell by 58% in 3 years, Ahmedabad leads; Details here

PTI. Liquor permits are granted to individuals by the health department only if the area medical board issues a certificate.

27.12 / 04:46

IPO Southern band performer country Muted Debut: RBZ Jewellers lists at ₹100, same as issue price

₹100 per share, the same as its issue price. The ₹100 crore IPO was open for subscription between December 19-21 for a price band of ₹95-100 per share. Ahead of the launch, the company has raised ₹21 crore from anchor investors.

26.12 / 12:40

Citi CEO Remark awards Celebrity innovations sanitizer NEPRA Resource Management Pvt Ltd Celebrates Triumph for Sustainable Waste Management Excellence

Ahmedabad (Gujarat) [India], December 8: NEPRA Resource Management Pvt Ltd, India's leading Sustainability Solutions Company, proudly announces its remarkable success at three prestigious award ceremonies, recognizing the organization's outstanding contributions to sustainable waste management practices. NEPRA's commitment to environmental responsibility and innovative waste management solutions has garnered accolades at the Confederation of Indian Industry (CII) 3R Awards 2023 and the 7th ISC-FICCI India Sanitation Conclave 2023.

25.12 / 08:23

Airlines information reports Delhi fog: Bad weather leads to diversion of 7 flights to Jaipur, 1 to Ahmedabad: Report

Delhi fog news: Due to bad weather in Delhi, 7 flights were diverted to Jaipur and one flight was diverted to Ahmedabad between 6.am-9 am today i.e. on 25 December, airport source said as reported by news agency ANI.

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