City Ahmedabad Financial News

ODI World Cup 2023 is nearly upon us, with only a week remaining before the tournament begins. The reigning champions, England, will face off against New Zealand in the first match of this highly anticipated tournament. This match will be held in Ahmedabad's Narendra Modi Stadium. India, who presently leads all three cricket forms, will kick off their campaign on October 8th in Chennai against five-time winner Australia. It should be noted that India has not won an ICC trophy since 2013, and they are desperate to break the ten-year drought. Prior to the main competition, each of the 10 competing teams will play two warm-up matches. From September 29 to October 3, these practice games will be staged at three separate locations in India. India will take on England and the Netherlands in their two warm-up matches, which will be held in Guwahati and Thiruvananthapuram, respectively. Here is the complete schedule for the ICC Cricket World Cup 2023 Warm-Up Matches: September 29, 2023 – Friday

IHC) said on Thursday it is selling its stake in Adani Green Energy and Adani Energy Solutions, less than 18 months after the strategic investment company invested ₹15,400 crore in three Adani group companies. While IHC did not disclose the name of the buyer and the value of the deal, people with knowledge of the matter said the investor could be exiting at a steep loss given that stocks of both Adani Green Energy and Adani Energy Solutions (formerly Adani Transmission) were trading much below the price at which it had invested in the companies last year. IHC said in a letter to the Abu Dhabi Securities Exchange that it has entered into a definitive agreement with a buyer to sell its investments in Adani Green Energy and Adani Energy Solutions as part of its portfolio rebalancing strategy. ET's queries emailed to Adani Group did not elicit a response till press time. IHC holds a 1.26% stake in Adani Green and 1.41% in Adani Energy Solutions, as of June 30. Its investment in the two companies was worth around ₹3,327 crore, as per prices at market closing on Thursday, 57% lower than ₹7,700 crore invested in May 2022. Value of Stake in Adani At that time IHC had invested Rs 15,400 crore (around $2 billion) in three Adani companies — Rs 3,850 crore each in Adani Green Energy and Adani Energy Solutions, and Rs 7,700 crore in Adani Enterprises.

ICC Men’s Cricket World Cup is all set to kick off in India on October 5. The action will begin with an exciting clash between England and New Zealand at the Narendra Modi Stadium in Ahmedabad. Cricket enthusiasts can mark their calendars for the grand finale, also scheduled to take place in Ahmedabad on November 19. The tournament promises 48 thrilling matches at ten different venues across the nation. As the event draws near, teams are gearing up for the competition. By September 28, just a week before the tournament officially starts, all participating teams will have finalized their 15-member squads. But before the real showdown, a series of warm-up matches will be held at three different venues — Thiruvananthapuram, Hyderabad, and Guwahati — starting from September 29. The teams participating in the 2023 ODI World Cup are unveiling their squads, offering fans a glimpse of the talent they're bringing to the tournament. Here's a quick look at the ODI World Cup squads of all the teams so far (please note that these squads are subject to change until September 28): AFGHANISTAN ODI WORLD CUP 2023 SQUAD

Hindustan Times, Babar Azam and the other squad members arrived at the Rajiv Gandhi International Airport in Hyderabad following a long nine-hour layover in Dubai. ALSO READ: ICC World Cup 2023: Pakistan team gets visa 48 hours before travel, cleared to enter India They departed from Lahore early morning on Wednesday to touch down in Hyderabad later in the night. The 1992 edition champion of the ICC World Cup will play their first warm-up game against 2019 runners-up New Zealand on 29 September.

RedboxGlobal India on 27 September. Apart from the World Cup 2023, the tenure also coincides with the seasonally strong 3Q for the hospitality industry and the same is likely to benefit both hotels and airlines sectors (including IHCL, and Indigo) in 3Q, said the firm. In the 46 days, 48 matches will take place in 10 different cities in India, where 10 countries are participating.

Wealth Redefine, a wealth management and financial advisory firm, is extending its presence to offices in Mumbai, Bangalore and the Middle East by 2025. It is also toying with potential expansion into Kolkata.

(Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) While the travel and tourism sector began to bounce back with a marginal 3% hiring upswing in 2022, it dramatically recovered this year. According to foundit, "The optimistic growth can be attributed to increased disposable incomes and higher spending on leisure and business travel in the country".

Vibrant Gujarat Global Summit, when the event began 20 years ago the then Central government did not extend any cooperation and attempts were made to degrade the state's image, Prime Minister Narendra Modi said on Wednesday. «Those who ran central government earlier used to link Gujarat's development with politics. Ministers of then Central government used to refuse to come to Vibrant Gujarat...they used to threaten foreign investors and tried to stop them (foreign investors) from coming to Gujarat...even after so much of threatening, foreign investors came to Gujarat, » PM Modi said. Addressing a programme marking 20 years of the Vibrant Gujarat Global Summit, in Science City, Ahmedabad, the Prime Minister termed the 20 years of the summit as a «key milestone» in advancing the state's growth. «When Vibrant Gujarat was started, there were no big hotels in Gujarat where foreign guests could stay.

Narendra Modi said on Tuesday during his first visit to his home state after both the houses passed the Women Reservation Bill. «Like every year, this year too you had sent me Rakhi in large numbers.

bill is no gift from anyone to the women of India but is the hard-earned victory of their right to adequate political representation secured from a male-dominated political system, senior Congress leader P Chidambaram said on Tuesday. Chidambaram's remarks came after Prime Minister Narendra Modi, speaking at a gathering of women in Ahmedabad to felicitate him on the passage of the bill, said women's reservation is a «gift from your brother».

According to the directions, the bank without prior approval of the RBI cannot make any grant or renew loans, make any investment, incur any liability, and accept fresh deposits, among others. «In particular, a sum not exceeding Rs 50,000 of the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn...,» the RBI said. It also said the eligible depositors would be entitled to receive deposit insurance claim amounts of his/her deposits up to Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC). The depositors may contact their bank officials for further information, the RBI added. It also said the issue of the directions should not per se be construed as a cancellation of a banking license by the RBI. «The bank will continue to undertake banking business with restrictions till its financial position improves,» it said. The Reserve Bank also said that it may consider modifications of the directions depending upon circumstances.

Sharad Pawar's meeting with Gautam Adin Ahmedabad, NCP MLA Jayant Patil said that there is no need to mix up two different things. «There is no need for objection to it, it was just one project where Sharad Pawar went and inaugurated it. Sharad Pawar has always supported the decisions taken in meetings of the INDIA alliance and there is no need to mix two things,» said Patil. Patil said there should be no controversy over it as keeping the invitation of Gautam Adani and the INDIA bloc are two separate things.

Concord Biotech's strong foothold in the niche segment of manufacturing active pharmaceutical ingredients through fermentation along with its capacity expansion and planned launches are seen underpinning strong earnings growth for the company over the next three to five years, analysts said. They see Concord Biotech's shares gaining 15-30% from the current levels as earnings per share are expected to see a compounded annual growth of about 27% over the next three years. Shares of the Ahmedabad-based biopharma company, which listed a few weeks ago at a more than 20% premium, have notched another 9% gain since then. The shares topped ₹1,000 in intraday trade on Friday, before closing nearly 2% higher on the NSE at ₹983.40. «Founded by a technocrat, Concord's focus lies on niche, high-value molecules across immunosuppressants, anti-infectives and oncology, wherein complex fermentation processes and difficulties in scaling up are key entry barriers,» said Kotak Institutional Equities. Pegging the company as «the fermentation expert», the brokerage has an 'add' rating for its shares for a target price of ₹ 1,110. While Concord is trading at a premium valuation compared with most of its listed peers, it also has superior profitability, and this is seen improving further.

Celebi India may invest around USD 80 million in the business in the next four years as it eyes more airports besides enhancing cargo capacity, a top company executive has said. The company, which offers ground handling services and cargo operations, also plans to switch to an all-electric fleet across the airports it renders services at present, according to Murali Ramachandran, President for India & S-E Asia at Celebi Aviation Holdings, said. The company currently has the mandate to provide ground handling services at nine airports — Delhi, Mumbai, Chennai, Bengaluru, Hyderabad, Cochin, Ahmedabad, Mopa (Goa) and Kannur — and handle cargo operations at Delhi airport through a joint venture with Delhi International Airport Ltd (DIAL). «Celebi has already invested around USD 250 million (since its entry in the Indian market in 2007).

Click here! Speaking about these trains, the statement says that as compared to the current fastest train along the route, Rourkela- Bhubaneswar – Puri Vande Bharat Express and Kasaragod - Thiruvananthapuram Vande Bharat Express will be faster by about 3 hours; Hyderabad – Bengaluru Vande Bharat Express by more than 2.5 hours; Tirunelveli-Madurai- Chennai Vande Bharat Express by more than 2 hours; Ranchi – Howrah Vande Bharat Express, Patna – Howrah Vande Bharat Express and Jamnagar-Ahmedabad Vande Bharat Express by about 1 hour; and Udaipur - Jaipur Vande Bharat Express by about half an hour. "In line with the Prime Minister’s vision to improve connectivity of important religious places across the country, Rourkela- Bhubaneswar – Puri Vande Bharat Express and Tirunelveli-Madurai- Chennai Vande Bharat Express will connect important religious towns of Puri and Madurai.

Narendra Modi is set to inaugurate nine Vande Bharat trains in a move that is expected to significantly improve rail connectivity to religious and tourist destinations across 11 Indian states. The inauguration will be conducted via a video conferencing session, in line with the Prime Minister's vision to enhance connectivity and provide top-tier facilities for rail passengers. According to an official statement, these new Vande Bharat trains will be the fastest on their respective routes, ensuring passengers save a considerable amount of time during their journeys. The routes on which these trains will operate are as follows:

₹84 crore). After the final match at Narendra Modi Stadium, Ahmedabad on 19 November, the winner will take away prize money of a total of $4 million (approx. ₹33 crore) while the runners-up will get $2 million (approx.

Vande Bharat Express: PM Modi likely to inaugurate 9 semi-high speed trains on 24 September. Check routes, other details A release by the Prime Minister's Office (PMO) noted, “The introduction of these Vande Bharat trains will herald a new standard of rail service in the country.

Women's apparel brand Chique is planning for expansion into tier-2 and 3 cities across India. The company said that it plans to open over 150 stores in the next three years. The company already has a presence in 26 cities, including Delhi, Ahmedabad, Lucknow, Jaipur, Hyderabad, Ludhiana, Gurugram, Bangalore, and Mumbai.

Apple stores in Delhi and Mumbai, some even camping overnight, as the Cupertino, US-based company began sales of its iPhone 15 series of smartphones in India. Apple's latest iPhone launch is considered highly significant because, for the first time, iPhones made in India and China are being offered simultaneously to customers, who flocked to stores to pick up their units. Apple afficionados also travelled from neighbouring states and cities to buy their chosen handsets. The outlets in Delhi and Mumbai are the only two Apple stores in India and were opened by Apple chief executive Tim Cook in April.Ujval Shah, a final year CA student and a long time Apple fan, saw to it that he was the first to buy the new phone from Apple’s Bandra Kurla Complex outlet in Mumbai, even if it meant travelling from Ahmedabad a day prior, and waiting outside the mall where the outlet is located for the better half of the night. “My friend and I waited outside under the bridge for most of the night and then started queuing up outside the mall.

Apple's flagship iPhone 15 range went on sale in India at 8:30 am through the company's official stores in Delhi and Mumbai and the official website. In keeping with the excitement surrounding Apple's new devices, the company's loyal customers stood in long queues outside Apple BKC and Apple Saket to get their hands on the flagship devices. The first customer at Apple Saket outlet today, Rahul, said he had been waiting in the queue since 4 am in order to buy the iPhone 15 Pro Max.