City Ahmedabad Financial News

leadership role in the industry. Edited excerpts from the interview: Modi: We have a presence in India for over 35 years, with a workforce across design centres in Noida, Bengaluru, Ahmedabad and Pune . One third of our staff of 11,000 is in India, including 30% of research and development team.

all-India House Price Index (HPI) rose by 5.1 per cent in the April-June quarter of 2023-24 as compared with 3.4 per cent a year ago, according to data released by the Reserve Bank of India on Thursday.

Chandrayaan-3 rover is trying to find answers to with its scientific instruments. Alpha Particle X-ray Spectrometer (APXS) onboard the rover, was deployed to observe the lunar sample, ISRO announced on Thursday. Later in the day it also announced that the first measurements of the lunar plasma environment over the South Pole region have been carried out. APXS instrument is best suited for in-situ analysis of the elemental composition of soil and rocks on the surface of planetary bodies having little atmosphere, such as the Moon. It carries radioactive sources that emit alpha particles and X-rays onto the surface sample.

Chennai, 25 August 2023: Mr K.V. Karthik, Managing Director, Deccan Industries, one of India’s leading pump manufacturing companies, headquartered in Coimbatore, has been elected as the president of Indian Pump Manufacturers Association (IPMA), the country’s premier body representing the US$ 2 billion pump manufacturing sector, for 2023-24. Mr.

George Soros, one of the backers of the Organised Crime and Corruption Reporting Project (OCCRP), has been vocal against both Gautam Adani and Prime Minister Narendra Modi. The man who has been critical of the Adani Group has linked Modi as a close ally of the Ahmedabad-based business following the Hindenburg report in January this year. «Modi and Adani are close allies...their faith is intertwined.

yellow metal has been moving with strength riding on slippages in the DXY which has gone below the 104 mark. The MCX October gold futures were trading up by Rs 12 or 0.02% from the Wednesday closing price at Rs 59,490 per 10 gram on the MCX while the December Silver futures were trading at Rs 76,100 per kg, lower by Rs 180 or 0.24%. On the Comex, Gold futures were trading at $1,972.70 per troy ounce on Thursday, down by $0.30 or 0.02% while Silver futures were trading at $24.985, lower by $0.119 or 0.470%. The DXY was trading flat at 103.03 against a basket of six top currencies, though the bias was negative. The October Gold futures had ended with gains of Rs 200 or 0.34% per 10 gram at Rs 59,466 while the December Silver futures closed higher at Rs 76,222, down by Rs 218 per kg or 0.29%. «Gold's value has stayed high for three weeks because the latest US economic data indicates slower growth. This led traders to reduce their expectations of the Federal Reserve raising interest rates next month.

Organised Crime and Corruption Reporting Project (OCCRP) on Adani family's partners using 'opaque' funds to invest in its stocks, the Adani Group on Thursday said the the timing of these news reports is suspicious, mischievous and malicious. «We categorically reject these recycled allegations. These news reports appear to be yet another concerted bid by Soros-funded interests supported by a section of the foreign media to revive the meritless Hindenburg report.

Chandrayaan-3's historic moon landing — a success story of India's fightback after failures, that too on a mere ₹615 crore budget — is set to provide plenty of food for thought for budding managers at the Indian Institutes of Management (IIMs). The mission, a case study in frugal innovation, has much that management students can learn from — strategy, collaboration, innovation, cost control and optimisation of resources, how leaders can process failure and move on — said professors and directors of the IIMs at Ahmedabad, Kozhikode, Sirmaur and Sambalpur. At IIM Sirmaur, the faculty members are working on developing a case study on the topic, said director Prafulla Agnihotri. «Chandrayaan-3 is an ideal example of great teamwork, charismatic leadership and how an organisation achieves its goal with minimum resources. It will be an excellent case study in the areas of corporate strategy and strategic leadership,» he said.

theme parks KidZania, is planning to spend $50 million over the next 5-10 years to launch five new theme parks in cities like Bengaluru, Ahmedabad, Pune, Hyderabad, and Chennai, a top company official said. The company currently operates two KidZania branded theme parks in Mumbai and Delhi spread across 70,000 sq ft and 95,000 sq ft, respectively. The two centres used to draw an annual footfall of 400,000 persons prior to the pandemic, which has dropped to 300,000 post the pandemic. «We are expecting about $50 million of investment to launch the five new centres,» said Paras Chandaria, founder and promoter, KidZania India, adding that the company is open to working with strategic partners to realise its ambitious expansion plans in the country.Chandaria's Kidz Inc Pte owns a 74% stake in Imagination Edutainment while Khan holds the remaining 26%.

New Delhi: The India Meteorological Department (IMD) is planning to provide air quality early warning through the System of Air Quality Weather Forecasting and Research (SAFAR) to 92 more polluted cities in the next two years. SAFAR, developed by Indian Institute of Tropical Meteorological (IITM) Pune and was operationalized by IMD in 2010 during Commonwealth Games, is India’s first metro air quality service. It currently issues 1-3 days advance forecast in 40 cities including Delhi, Pune, Mumbai and Ahmedabad of a total of 132 ‘air contaminated’ cities.

Titagarh Rail Systems Ltd (TRL) formerly Titagarh Wagons on Wednesday said it has received a letter of acceptance for a Rs 350-crore contract from Gujarat Metro Rail Corporation (GMRC) for the design, manufacture, supply, testing, commissioning and training of 30 standard gauge cars. The standard gauge cars are for Ahmedabad Metro Rail Phase-II project, an official said. «The prototype Metro car has to be built in 70 weeks and the entire contract has to be delivered in 94 weeks.

bootlegger hailing from Mehsana in Ahmedabad, Gujarat found himself in a tight spot after his ambitious attempt to transport a whopping 114 litres of country liquor on his scooter was caught by Police. Picture this – a staggering 57 two-litre pouches of the liquor crammed onto a two-wheeler! The result? His conspicuous appearance on the road raised eyebrows and led to his apprehension by the vigilant Detroj police from Ahmedabad district. As per a TOI report, in the early hours of Sunday, Bhavesh Thakor, a 34-year-old resident of Balasar village in Kadi taluka, Mehsana district, was intercepted near Jivapura Patiya by a patrolling police team from Detroj.

India house up to 15% of the Indian tech talent pool and can drive 50% cost savings for India's $245 billion technology landscape, said a report released by Deloitte India and Nasscom on Tuesday. This includes regions like Ahmedabad, Chandigarh, Indore, Jaipur, Kochi, Mysuru, Warangal, Hubli, Madurai, Raipur, Guwahati and Vishakhapatnam among others. The report found talent pool costs are 25-30% lower than those in mature hubs, with 50% cost savings in real estate rentals compared with mature hubs. This economic advantage also makes these cities an attractive choice for growth with lower investments demonstrated by over 140 Global Capability Centres (GCCs) located in these places.

August bank holiday list August 29 (Tuesday)- Thiruvonam- Banks are closed in Kerala. August 30- (Wednesday)- Raksha Bandhan- Banks are closed in Rajasthan, Himachal Pradesh. August 31- (Thursday)- Raksha Bandhan/Sree Narayana Guru Jayanthi/Pang-Lhabsol- Banks are closed in Uttarakhand, Assam, Kerala, Uttar Pradesh.

Indian Institutes of Management (IIMs), including Ahmedabad, Indore, Kozhikode, Raipur, Nagpur and Sirmaur. On graduating from these institutes, the young managers/leaders are expected to be equipped to take key decisions at the board-room and corporate levels with management learnings from ancient Indian heritage and culture. The unique courses cover management learnings from Indian philosophy, ancient Indian ethos, science of happiness, Kautilya's Arthashastra, negotiation skills based on the Mahabharata and workplace wellbeing through karma yoga. These courses, most of which are in the pipeline, will be credit-based electives and are in line with the National Education Policy 2020. The policy proposes the revision and revamping of all aspects of the education structure, including its regulation and governance, to create a new system that is aligned with the aspirational goals of 21st century education, including the sustainable development goal on quality education (SGD4), while building upon India's traditions and value systems, the NEP policy document states. IIM-Ahmedabad is offering brand new courses on Indian philosophy, ancient Indian economy and management through its new online offering for any learner (even outside of IIMA).

Three persons were killed in a fire in a Mumbai-based hotel on Sunday. Among them were NRIs 28-year-old Kishan Halai and his 25-year-old fiancee Rupal Vekaria, who were supposed to get married in Nairobi. The fire occurred on the third floor of the ground-plus-four-storey Galaxy Hotel in suburban Santacruz on Sunday afternoon.

insolvency process exhibit a significant increase in business metrics, but their new owners encounter difficulties when interacting with tax officials, banks, and even the RBI, said a study by Indian Institute of Management, Ahmedabad. For instance, several of the companies claimed that banks made it difficult for them to acquire loans by refusing to remove the "defaulter" tag even after resolution. The conditions were a little tough wherever loans were offered, reported TOI. “A lack of general awareness about the new resolution process by all stakeholders has been pointed out by the respondents.

On the Comex, Gold futures were trading at $1,943.30 per troy ounce on Monday, up $1.80 or 3.40% while Silver futures were trading at $24.265, up $0.031 or 0.130%. Click to know more The DXY was trading down 0.09% at 104.07 against a basket of six top currencies, though the bias was slightly negative. The October Gold futures had ended with declines of Rs 117 per 10 grams while the September Silver futures closed marginally higher at Rs 73,627, up Rs 59 per kg. «Gold remained stable after a weekly increase, as top central bankers emphasised maintaining high-interest rates until inflation is controlled at the Jackson Hole event.

Analysing the FDI Flow India's thriving economy has also attracted $46 billion in FDI during FY2023, registering a remarkable growth of 89% since FY2014. This warrants scrutiny of the jurisdictions contributing to this inflow.

Congress will strengthen its organisation at the taluka and state levels in Gujarat and reach out to the public for their support for the 2024 Lok Sabha polls, senior party leader Mukul Wasnik said on Sunday. Wasnik was on his first visit to Ahmedabad after being made the Congress' general secretary in charge of the state. «In the coming days the organisation of Gujarat Congress will be strengthened and specific responsibilities will be fixed at the taluka, district and state levels.

Renowned real estate developers of Ahmedabad, Gujarat - Saanvi Nirman - has taken an excitingly creative route with the launch of its new brand campaign reassuring the dependable DNA of the company that resonates in their consumer’s minds as well. The campaign aptly named “Yeh Ghar Ki Baat Hai" embodies the company’s dedication to customer-centricity, R&D, ethics & trust towards elevating lifestyle.