City Ahmedabad Financial News

₹ 1,000 for every passenger on private aircraft operators for a week, one of the people said on condition of anonymity. The Adani Group operates seven airports in the country, including Mumbai, and the new charge has been introduced at six of its airports—Guwahati, Mangaluru, Jaipur, Lucknow, Thiruvananthapuram and Ahmedabad. The company handled around 7.1 million passengers during September, or nearly 23.7% of air passengers in India.

Co-working startup Innov8 has announced that it will double its footprint in the ongoing financial year FY 2023-2024. The company added 5 new centres in key business cities in India in early 2023 and is all set to inaugurate 5 more centres in the current quarter.

World Cup 2023 match at M. Chinnaswamy Stadium, Bengaluru. England vs Sri Lanka Bengaluru ODI is a day-night match and will start at 2 pm.

National Financial Reporting Authority has shot off queries to audit affiliates of Deloitte, EY, KPMG, Grant Thornton, and two Ahmedabad-based CA firms regarding audit practices they followed while auditing Adani companies. The Adani Group said it has complied with relevant accounting standards and applicable laws. The requested audit information extends up to FY22 and, in certain instances, covers the last decade, said a source close to the matter.

MBA Rankings 2024, an annual suite of rankings identifying the world's top study destinations for aspiring business leaders. IIM Bangalore (ranked 48) is on top of the India list, edging out last year's top ranked IIM Ahmedabad, which takes 53rd spot this year, followed by IIM Calcutta and ISB at 59th and 78th positions, respectively. Last year, the same four institutes were in the top 100 with IIM Ahmedabad on top of the Indian leaderboard at rank 44, followed by IIM Bangalore (rank-50), IIM Calcutta (rank-68) and ISB (rank-78). A total of 11 Indian institutes — compared to nine last year — figure in the global MBA rankings by higher education analyst Quacquarelli Symond.

Exponent Energy is set to shortly close its first funding round in more than a year by raising $25 million at a valuation of $100-120 million, multiple people briefed on the development said. The round will be led by Fidelity-backed global investor Eight Roads, which has invested in Indian startups such as Pharmeasy, Whatfix, Shadowfax and Icertis. Exponent Energy’s existing investors including Lightspeed India and AdvantEdge VC will also take part in the round, the people cited above said.

Premier League (IPL) when it was conceived by the Board of Control for Cricket in India (BCCI). Badale thinks the IPL has a bright future, but to grow the league, the BCCI and the franchises need to elevate the fan experience. He added that the next media rights cycle will be very different from what we have seen thus far due to the rapid changes in the media consumption habits of consumers.

Shalby Hospital in Ahmedabad, where Desai was shifted after the fall, issued a statement saying "When the patient was brought to the facility in an unconscious state, it was stated that he fell after being chased by dogs, but apparently there were no dog bite marks on his body". "When the patient was brought to the hospital at around 6 pm (on October 15), he was unconscious and not responding.

₹550 crore over five years to boost production at Havmor Ice Cream. In 2017, Lotte had acquired Ahmedabad-based Havmor Ice Cream Ltd for ₹1,020 crore and has been consistently upgrading its facilities, systems, as well as the team since then. “We have planned investments of ₹550 crore over the next five years," said Komal Anand, managing director of Havmor Ice Cream.

Wagh Bakri Tea Group, has sent shockwaves through the online community. Parag Desai's life was tragically cut short at the age of 49 when he was attacked by stray dogs during his morning walk outside his residence in Ahmedabad on October 15. In an attempt to fend off the dogs, he slipped and fell, resulting in a devastating brain haemorrhage.

₹250 crore from Chhatrapati Sambhajinagar from Maharashtra and arrested two persons, PTI reported Sunday. The recovery of the drugs – cocaine, mephedrone and ketamine – was made on Friday based on inputs from DRI’s Ahmedabad zonal unit and the crime branch there, PTI quoted Deputy Commissioner of Police (Crime), Ahmedabad, Chaitanya Mandlik.

IndiGo and SpiceJet – are listed on the bourses. The plans of GoAir to launch an IPO were cancelled, and the airline has been facing financial issues that have affected its operations since May this year. Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Akasa, launched in mid-2022, currently operates over 750 flights per week across 16 routes.

Vipulbhai, the organiser of Divyang Garba Mahotsav told ANI, "I was playing Garba along with my friends at the ground about a decade ago when I spotted a disabled person at the venue. I was moved seeing him and decided that day itself that I would organise a Garba for disabled people. It's been six years and counting.

ANI reported. The bus was travelling from Ahmedabad to Belgaum in Karnataka when the incident occurred, as per authorities.

Mestastop Solutions has announced that it has raised Rs 4.5 crore or $500k in a Pre Series A round led by 92 angels & Malpani Ventures. Mestastop is creating a cancer metastasis focussed platform, which uses wet lab biology and predictive analytics to identify and distinguish unique properties of metastasis and leverage them for drug discovery and patient treatment. In 2021, the company had secured a seed funding of Rs 2 crore led by IIM Ahmedabad’s CIIE with participation from IKP and angel investors. “Over the last three years, we have been involved in extensive R&D, which has created novel platforms.

Opening batter Abdullah Shafique and fast bowler Shaheen Afridi were among a group of players sick with a fever after the team left Ahmedabad following a seven-wicket loss to India. Both Shafique and Afridi rejoined the team in practice at the Chinnaswamy Stadium in Bengaluru on Wednesday and are available for selection. Also, opener Fakhar Zaman was on Thursday ruled unavailable for selection until next week due to a knee injury. However, middle-order batter Saud Shakeel is back in the selection frame.

ICC World Cup 2023: Pakistan Cricket Board on Tuesday filed a complaint with the International Cricket Council (ICC) over the inappropriate conduct of the Pakistan cricket team during the India vs Pakistan match at Narendra Modi Stadium, Ahmedabad. The complaint comes as some videos were doing rounds on social media where the crowds in Ahmedabad Stadium were seen as a bit unfriendly to the Pakistan team.

MakeMyTrip was under fire over its advertisement for trying to encash the excitement of the India-Pakistan World Cup 2023 match on October 14. In the print edition of Ahmedabad Times the front page advertisement stated that MakeMyTripand Homestays & Villas offers ‘An open invitation to Pakistani fans.’ It further mentioned discount coupons to Pakistani nationals if certain conditions were met that involved Pakistan losing the cricket match.

TCS: A nearly six-month-long probe into the bribes-for-jobs scandal at Tata Consultancy Services Ltd has resulted in crucial suggestions for hiring reforms, along with the sacking of the former head of its resource management group. On Sunday night, TCS disclosed to the exchanges that it had sacked 16 employees and blacklisted six staffing firms. E.S.

BJP is getting a little more active in Gujarat albeit in a subtle way. On Sunday, Union Minister for Home and Cooperative Affairs, Amit Shah attended a slew of events in Ahmedabad and Gandhinagar, including the inauguration of two offices of two BJP legislators from Naranpura and Dariapur in Ahmedabad. Shah, who had arrived in Ahmedabad on Friday, also interacted with Anganwadi children from his constituency in Gandhinagar on Saturday before attending the Indo-Pak Cricket match at the Narendra Modi Stadium. It is being speculated that the party's state unit will soon see a major overhaul ahead of the general election. Chief minister Bhupendra Patel and BJP state president CR Patil have already made a couple of trips to Delhi to meet the party high command, which has added momentum to the speculations. The Gujarat government's flagship biennial event 'Vibrant Gujarat' is also due next year.

Ahmedabad airport's proposal to sharply raise user charges for charter flights during the ongoing ICC Cricket World Cup. The airport has increased ground handling charges by more than 10 times, sparking a backlash from major airlines, who have now sought government intervention, arguing that such a sudden increase is illegal and will make charter operations unviable. The Airport Economic Regulatory Authority (AERA), which fixes airport tariffs, for a period of five years, issued a notice on Friday evening saying that levying charges and tariffs that have not been approved by the authority is illegal. “A few airport operators are levying charges without taking approval, resorting to unethical practices. All airport operators are directed to refrain from levying charges which have not been approved by the authority,” AERA said in a notice seen by ET. People familiar with the matter said AERA has also summoned the top management of the Ahmedabad airport on According to the tariff list issued by the Ahmedabad airport in September, the airport has levied a minimum of Rs 265,000 as general aviation charges for any charter flight carrying more than 15 passengers.