City Ahmedabad Financial News

11.12 / 11:41

Provident Strategy economy vaccine pandemic country innovations India's bio-economy grew from USD 10 billion to USD 80 billion in 8 years: Mansukh Mandaviya

India's bio-economy has grown eight times in the last eight years from USD 10 billion to USD 80 billion, Union Health Minister Mansukh Mandaviya said on Monday, underlining that in the coming times, biotechnology will become the biggest foundation for medical treatment. The Indian biotech industry aims at growing to USD 150 billion by 2025 and USD 300 billion by 2030, he noted while virtually addressing an event «Biotechnology: The Path of Innovation and Wellness for Viksit Bharat» held at the at Vigyan Bhavan in Ahmedabad.

09.12 / 19:15

Citi reports WPL second edition in February, to be played only at one venue: BCCI secretary Jay Shah

BCCI secretary Jay Shah said on Saturday that the second edition of the Women's Premier League (WPL) will be played only in one city, like it was the case in the inaugural season. Shah, who is also the WPL committee's convenor, said the league will start in the second or third week of February, 2024. There were talks of next year's WPL being played in multiple cities like the IPL.

08.12 / 18:07

Target Manufacturing Monitoring panel clears directors for Rel Naval board

Swan Energy Ltd on Friday said a National Company Law Tribunal (NCLT) appointed monitoring committee has approved the reconstitution of the board of Reliance Naval and Engineering Ltd. In December 2022, the tribunal had approved Swan Energy’s ₹2,133 crore rescue plan for insolvent Reliance Naval. In Friday’s meeting, the committee approved the appointment of Nikhil Merchant as managing director and Paresh Merchant as executive director.

08.12 / 14:49

Remark Instagram country ‘Manmohan Singh was there…’: Gautam Gambhir on Rahul Gandhi's ‘Panauti’ remark at PM Modi post ICC World Cup 2023 final

ICC World Cup 2023 was held at the Narendra Modi stadium in Ahmedabad. The finals against Australia, saw Prime Minister Narendra Modi in attendance. PM Modi had also visited the locker room and met ace cricketers Virat Kohli, and Rohit Sharma after the match.

08.12 / 11:53

Platform President reports ICC rating of Narendra Modi Stadium, Ahmedabad pitch where India lost World Cup final says THIS: Report

ICC World Cup 2023 were played on the pitches rated “average" by the international cricket body. The development comes as the Board of Control of Cricket in India (BCCI) faced intense backlash on choosing the pitch of Narendra Modi Stadium, Ahmedabad for the final match.

07.12 / 01:21

Citi FIVE Manufacturing CEO Platform 2020 reports Global capability centers follow top tech talent to India’s heartland

global capability centers (GCCs) in India established a base in a tier II city as companies sought to tap new talent markets, according to data from CBRE. In addition, GCCs across sizes and maturity levels are expanding and consolidating their footprint in India even as global technology demand remains cautious.

06.12 / 19:21

Parke Metro stage Bullet train body to rent out 580k sq ft at transit hub

NHSRCL), which is executing India's first bullet train project, will lease out about 580,000 square feet of space to offices, commercial development and retail outlets at the Sabarmati Multi Modal Transit Hub, said a senior executive. The property, currently in the final stages of the request for proposal process, is planned to be leased out to a single lessee for a period of 35 years, extendable to another 35 years. «We will have two towers, spread over a total area of 3.6 hectares and a super-built-up area of 579,980 sq ft.

06.12 / 13:17

Provident Target Maxim Manufacturing country ArcelorMittal Nippon Steel to spend ₹100 cr on three scrap-processing centres

₹100 crore in the three centres—one at the flagship plant in Hazira, another in Ahmedabad, and the third in Khopoli, Maharashtra—by December 2024. These investments will also help the company achieve its carbon-emissions reduction targets by maximizing the use of steel scrap, it said. “...

06.12 / 11:33

FIVE Enterprise Experts reports Adani Group’s $79-billion rally makes a winner of GQG’s Rajiv Jain

Gautam Adani has proved to be a windfall for emerging-market investor Rajiv Jain, just nine months after his firm GQG Partners Inc. bought into the Indian conglomerate. The combined market value of the 10 companies controlled by the Ahmedabad-headquartered Adani Group has increased by more than $79 billion since the purchase by GQG on March 2.

06.12 / 09:07

Man Enterprise Billionaire Gautam Adani climbs world's rich list, closes in on Mukesh Ambani for top spot among Indians

Gautam Adani has climbed to the 15th spot in the Bloomberg Billionaire Index (BBI) as of December 6, reaching within close distance of India's and Asia's richest man Mukesh Ambani. With net worth of $82.5 billion, the Adani Group founder is now the world's 15th richest person and the second richest Indian and Asian on the list. He has gained $12.3 billion from the last list position, but lost $38 billion year-to-date (YTD) – most of this loss can be attributed to the wealth bleed during the Hindenberg allegations.

06.12 / 03:49

Aviat Airlines Boeing SpiceJet flight diverted to Karachi due to medical emergency, passenger recovers after treatment

SpiceJet flight SG-15 made an emergency landing here around 9.30 pm on Tuesday and a passenger was given medical assistance. "The Boeing 737 aircraft was going from Ahmedabad to Dubai when a 27-year old passenger, Dharwal Darmesh, suffered a suspected heart attack and needed medical attention," a spokesperson of the Civil Aviation Authority (CAA) said here.

05.12 / 07:49

Man Enterprise WhatsApp Experts reports recommendations Gautam Adani is now 16th richest globally after wealth tops $70 billion

Gautam Adani is now the 16th richest man globally. His rank rose three places in the Bloomberg Billionaires Index in less than a week, thanks to a stellar 30% gain in two sessions, which has seen his fortunes surge by over $4.41 billion. His wealth now stands at $70.2 billion.

04.12 / 12:33

IPO Manufacturing WhatsApp band Accent Microcell IPO opens on December 8, price band set at ₹133-140 per share

₹133 to ₹140. Accent Microcell IPO lot size 1,000 shares.

02.12 / 12:07

Citi show track reports Housing sales rise by 22% in top 8 cities in July-Sep 2023: Report

India’s leading eight residential markets have demonstrated robust growth, with a 22% increase in sales and a 17% rise in new supply during the third quarter of the calendar year (July-September 2023), as per the latest data by PropTiger.com.

02.12 / 09:26

Provident Waters Platform Strategy Experts stage reports Rohit Sharma, Rahul Dravid questioned over World Cup final loss, pitch conditions under radar: Report

ICC World Cup 2023: Team India fans are still recovering from the heartbreak they faced on 19 November after Australia defeated India in the ICC World Cup 2023 finals to lift the trophy. Team India, former cricketers, experts, and fans are all wondering about the things that went wrong in the last match of the tournament, where India did so well, winning all 10 matches before the final game.

02.12 / 07:53

Digital Progressive Action Healthcare country innovations Department NOT India not just observing the future unfolding, but actively shaping it: Amb Kamboj

Kamboj said that India truly believes in the «transformative power» of youth. «We recognise that the path to achieving the SDGs by 2030 is through harnessing the energy, the creativity and the innovation of our young population,» she said on Thursday. «India is home to the world's largest youth population, which is very unique.

02.12 / 04:09

Citi Action fun travelers Vistara flights diverted to Ahmedabad, Jaipur from Delhi due to bad weather

Vistara on Saturday announced the diversion of Flight UK906, originally bound for Delhi from Ahmedabad to Ahmedabad itself. Additionally, Flight UK954, travelling from Mumbai to Delhi, has been redirected to Jaipur. This adjustment came in response to adverse weather conditions and poor visibility at the Delhi airport.

01.12 / 09:51

Manufacturing Iqvia exclusive patient symptomatic Zydus Lifesciences gets USFDA nod for generic heart failure treatment drug

Zydus Lifesciences Ltd on Friday said it has received final approval from the US health regulator for its generic version of Ivabradine tablets indicated for the treatment of heart failure. The approval by the US Food and Drug Administration (USFDA) is for Ivabradine tablets of strengths 5 mg and 7.5 mg, the company said in a regulatory filing.

30.11 / 15:35

Citi All-India House Price Index moderates to 3.4 per cent in Q2FY24: RBI data

all-India House Price Index (HPI) moderated to 3.4 per cent in the July-September quarter of 2023-24 from 4.5 per cent in the year-ago period, according to data released by the Reserve Bank of India on Thursday. The RBI releases HPI-based on transaction-level data received from the registration authorities in 10 major cities.

30.11 / 13:27

FIVE Cooper Aware information RBI imposes monetary penalty on five co-operative banks. Details here

co-operative banks are: The Patliputra Central Cooperative Bank Ltd, Patan Nagarik Sahakari Bank Ltd, The Mandal Nagarik Sahakari Bank Ltd, The Balasore Bhadrak Central Co-operative Bank Ltd, the Dhrangadhra People’s Co-operative Bank Ltd The Reserve Bank imposed a monetary penalty of ₹1.50 lakh on the Patliputra Central Cooperative Bank Ltd, Bihar for non-compliance with the directions issued by RBI on ‘The Depositor Education and Awareness Fund Scheme, 2014 – Section 26A of Banking Regulation Act, 1949 - Operational Guidelines’ and ‘Reserve Bank of India – (Know Your Customer (KYC)) Directions, 2016’. The apex bank said the Patliputra Central Cooperative Bank had not transferred eligible amounts to the Depositor Education and Awareness Fund.

27.11 / 09:43

Man performer stage country 2024 Ravi Shastri says India is a serious challenger for 2024 T20 World Cup title

Ravi Shastri on Monday backed India as a «serious challenger» in next year's T20 World Cup but said what matters for a dominant side is to come out winners in the last two knock-out games of any big event. It has been more than a week since Australia trumped India, in what turned out to be a one-sided final in Ahmedabad, with the country's cricket fraternity still reeling with the outcome, given that the hosts had a 10-match unbeaten run into the title clash. «Nothing comes easy — even the great man Sachin Tendulkar had to wait (for) six World Cups to win one.

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