City Ahmedabad Financial News

cricket for more reasons than one. Let’s have a look at controversies and talking points of the year. Big cricket cities in India like Indore, Mohali, Rajkot, and Nagpur were upset about not being picked to host World Cup 2023 games.

Ahmedabad and Ayodhya for 80 days to facilitate the darshan of Ram Temple after its inauguration in January 2024. Union home minister Amit Shah announced this on Sunday while addressing a public programme at Kalol in Gandhinagar. While inaugurating a 15-feet statue of Sardar Vallabhbhai Patel in Kalol, Shah said that he had come to Kalol to invite the people of the town.

₹4600 crore for the Sardar Patel sports complex and ₹600 crore for the Navrangpura sports complex (in Ahmedabad city). This will be India's biggest sports complex," Amit Shah said while speaking at the inauguration of the Sansad Khel Pratiyogita in Gandhinagar. Months ago, Prime Minister Narendra Modi had said during an event that India would submit a bid to host the Olympics in 2030.

Amit Shah on Sunday expressed hope the 2036 Olympics will be held in the Sardar Patel complex coming up close to the imposing Narendra Modi cricket stadium here. In October, Prime Minister Narendra Modi had said during an event in Mumbai that the country would submit a bid to host the Olympics that year. The Gujarat government has engaged the services of some of the finest firms to create sports infrastructure to ensure it can host the event.

Amit Shah on Sunday heaped praise on Prime Minister Narendra Modi's 'Atmanirbhar Bharat' campaign, saying it was singularly instrumental in lifting 60 crore people out of poverty. Waxing eloquent on the Centre's flagship campaign, which is aimed at taking the country towards self-reliance, Shah said the focus of the initiative is to make trade, industry and businesses and the 140 crore people of India 'Atmanirbhar'. "PM Modi has outlined his vision of an 'Atmanirbhar Bharat'. It is a visionary idea and campaign.

South Africa. Since 1992, India have played 23 Tests in South Africa and won only four. They’ve lost 12, with seven draws and what will really hurt was their last visit.

airports in the world. For example, the new Bangalore Terminal 2 is made with a bamboo motif and feels like a mix of Singapore Changi Airport and being in the Broadway musical, Miss Saigon.

Gujarat government's decision to allow liquor in GIFT City and called it a progressive and bold step that will attract major companies and quality workforce to the area. The state government on Friday lifted the ban on liquor in the Gujarat International Finance Tec-City with the aim of providing it with a «global ecosystem.» Jaxay Shah, CMD of Savvy Group, an Ahmedabad-based firm with a construction area of 4 million square feet in GIFT City, said, «It is a historical, progressive and bold step. GIFT City was competing in terms of infrastructure and was at par or even ahead of many international financial cities in the world.

DreamSetGo, unveiled the first edition of its year-end sports wrap-up report — DreamSetGo’s Sports Travel Index 2023. In 2023, DreamSetGo facilitated over 7500+ sports travelers across 14 global sporting events, a 30% increase since the pandemic. This indicates an increased appetite amongst sports travel and luxury experiences, the company said.

generative artificial intelligence (genAI). Someone in India enrolled in genAI content roughly every three minutes in 2023, according to a study on learner trends by Coursera, which provides online courses. Searches for GenAI content on the internet grew fourfold in the country compared with the previous year. The study was based on data from more than 22.2 million registered learners, Coursera said. Raghav Gupta, managing director for India and APAC at Coursera, said: “The renewed focus on lifelong learning, tech and, human skills, and blended learning on campuses will be the key to employability in the AI-driven world.” Amid the surge in interest, global universities and industry educators launched more than 35 genAI courses or projects in India. ‘Generative AI for Everyone’, a course authored by AI pioneer Andrew Ng, became the fastest growing course in 2023 and had the second highest enrolment from Indian learners on Coursera. Gupta said: “The interest in genAI, leadership, tech and data skills not only reflects the learners' thirst for cutting-edge knowledge but also their commitment to staying at the forefront of the digital revolution.” The data from the study show that Indian learners are particularly keen on courses that provide high-demand technology and data science skills. The second most popular course in India in 2023 was Indian Institute of Management, Ahmedabad’s ‘Leadership Skills’, which covers topics such as influence, authority, power dynamics, stress management and lessons from the Mahabharata. The study shows that people are opting for courses that are part of entry-level professional certificate programmes.

The Competition Commission of India (CCI) on Tuesday said it cleared Nirma’s acquisition of majority shareholding of Glenmark Life Sciences Ltd. The combination relates to the acquisition of majority shareholding of Glenmark Life Sciences Limited by Nirma Ltd.

Rajya Sabha. After the meeting, Congress Chief Mallikarjun Kharge addressed the media and informed that INDIA bloc will hold a nationwide protest on 22 December against the suspension of 141 MPs from Parliament The Congress chief said the coalition also passed a resolution condemning the suspension and calling the action "undemocratic". As many as 49 more opposition lawmakers were suspended from Lok Sabha on Tuesday for 'unruly conduct', taking the total number of MPs suspended in both Houses of Parliament to 141.

CCI) has approved Ahmedabad-based detergent-to-cement conglomerate Nirma's acquisition of a majority stake in Glenmark Life Sciences (GLS), the competition watchdog said in a statement. Nirma in September has agreed to acquire 75% of Glenmark Life Sciences (GLS) in a deal valued at Rs 5,651.5 crore, or Rs 615 per share. The deal is Nirma’s biggest bet in the pharmaceutical sector. The acquisition will trigger a mandatory open offer to all public shareholders of GLS for an additional 17%. Nirma's spokesperson couldn't be reached. Glenmark's spokesperson declined to comment. GLS is into manufacture of active pharmaceutical ingredients (APIs) and contract development and manufacturing organisation (CDMO) business. Nirma, an unlisted company, was set up by Karsanbhai Patel in 1969 who sold his low-priced detergents in Gujarat as a door-to-door salesman.

Gautam Adani, who has survived the 2008 terror attack in Mumbai's Taj Hotel and kidnapping incident in 1998, is walking out of 2023 after suffering a loss of about $35 billion from the Hindenburg attack. Following the Hindenburg controversy and subsequent investigation by markets regulator Sebi on allegations of share price manipulation, the 61-year-old tycoon saw the highest decline in his personal wealth globally, data from Bloomberg Billionaires Index shows. In pre-Hindenburg days, the maverick businessman's wealth saw a gravity-defying one-way movement that took him to the position of world's second richest man for a brief period. With his fortune being estimated at around $85 billion, Adani is now the second richest Indian after Mukesh Ambani. In the world order of billionaires, the school dropout now stands at the 15th spot after losing over 29% of his wealth in the worst crisis faced by the apples-to-airport conglomerate’s history. The combined market capitalisation of all 10 listed Adani stocks has now fallen to about Rs 14 lakh crore from over Rs 19 lakh crore before the Hindenburg report was released. At one point during the year, almost 60% of Adani's wealth was wiped off following non-stop selling of Adani stocks.

Adani Green Energy has incorporated four step down subsidiaries — Adani Renewable Energy Sixty, Adani Renewable Energy Sixty Two, Adani Renewable Energy Sixty Three and Adani Renewable Energy Sixty Four. The four step down entities have an authorised and paid share capital of Rs 1 lakh each.

Narendra Modi on Sunday stopped his convoy to give way to an ambulance during his roadshow in Varanasi.

automobile sector took off in 2009 when Tata Motors set up its Nano manufacturing plant in Sanand, about 50 km from Ahmedabad, and the state has been attracting some big ticket investments from both domestic and international players since then. Now, with the global shift tending towards electric mobility, the Gujarat government seeks to position itself as a leading electric vehicles (EV) manufacturing hub. To this effect, it signed an MoU with the Tata Group worth Rs 13,000 crore in June this year.

Railway Minister Ashwini Vaishnaw has informed Rajya Sabha. The Western Dedicated Freight Corridor connecting Jawaharlal Nehru Port Terminal to Dadri passes through Ahmedabad, Gandhinagar, Mehsana, Patan, Banas Kantha, Anand, Kheda, Vadodara, Bharuch, Surat, Valsad and Navsari districts in Gujarat, he said last Friday.

Tata Power on Monday said its subsidiary Tata Power EV Charging Solutions has inked an agreement with India Oil Corporation Ltd (IOCL) to install more than 500 fast and ultra-fast electric vehicle (EV) charging points across India. Tata Power will install EV charging points across multiple IOCL retail outlets, a statement said.

Tata Power said on Monday that its unit Tata Power EV Charging Solutions Limited has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) to install more than 500 fast and ultra-fast electric vehicle (EV) charging points across India. Tata Power will install EV charging points across multiple IOCL retail outlets, the company said in a statement.

Ahmedabad (Gujarat) [India], December 9: In response to the global imperative for sustainable practices, Ishitva Robotic Systems, headquartered in Ahmedabad, proudly introduced its pioneering waste sorting solution – Sanjivani®. It was unveiled at the Plastvision 2023 exhibition in Mumbai, on 7th December 2023. Sanjivani® represented a groundbreaking advancement in waste management and recycling, poised to redefine industry standards and contribute significantly to India's Make In India initiative.