City Ahmedabad Financial News

The DXY was trading with a positive bias at 102.29, up 0.24%. The October gold futures were trading with declines at Rs 59,405 per 10 grams on the MCX in the opening trade, down Rs 15 or 0.03%. Meanwhile, September Silver futures were trading at Rs 71,230, down Rs 38 or 0.05%.

According to the RBI press release issued on May 19, 2023, “The facility for deposit and/or exchange of Rs2000 banknotes shall be available for members of the public up to September 30, 2023.The facility for exchange of Rs.2000 banknotes shall be provided to all members of the public by all banks through their branches.”

icai.org. The official notification released stated, the results of the Chartered Accountants Foundation Examination held in June 2023 are likely to be declared on late evening (9.00 p.m.) on 7th August, 2023 or early morning on Tuesday i.e. on 8th August, 2023." The notification further added that candidate would need his/her registration number along roll number to access the result on the website.

Also read: Fire breaks out at Ahmedabad hospital in Gujarat; 125 patients evacuated A massive manhunt has been initiated by the police to apprehend the culprits involved in the incident. More than 30 people, including three women, have been detained after night-long raids.

Also read: Chandrayaan-3 LIVE Updates: Soft-landing of Chandrayaan-3 on lunar surface likely on 23 August As for the eligibility criteria, candidates should be aged between 18 to 35 years to apply for these posts. The selection process for ISRO Recruitment 2023 involves a Written Test and a Skill Test. The written test will be of 90 minutes duration and will consist of 80 multiple-choice questions.

BCCI) to reschedule Pakistan-England World Cup match, scheduled for to be played at Kolkata's Eden Gardens on November 12, Press Trust of India reported citing sources. The Cricket Association of Bengal officials cited security concerns of Kolkata police for the match which is slated on Kali Puja. Kali Puja is one of the biggest biggest festival in West Bengal, and thousands of local clubs organise festivities with a large police deployment required to maintain law and order situation across the length and breadth of the city.

Directorate of Revenue Intelligence (DRI) Ahmedabad on Saturday arrested three masterminds of a smuggling racket operating through the Mundra Special Economic Zone (SEZ) and recovered smuggled goods valued at Rs 100 crores. The DRI said that these three accused were involved in the smuggling of E-Cigarettes, branded mobile accessories, premium branded shoes, bags, perfumes, and electronics items through the Mundra SEZ.

Gujarat High Court has granted regular bail to ex-DGP RB Sreekumar in a case of fabricating evidence to frame people in connection with the 2002 riots, nearly two weeks after the Supreme Court allowed the bail plea of social activist Teesta Setalvad in the same case. The court of Justice Ilesh Vora on Friday gave relief to former director-general of police (DGP) Sreekumar, who is already out on interim bail, on a personal bond of Rs 25,000 and directed him to surrender his passport.

IPOs) are lined up to raise nearly ₹8,000 crore in August, according to investment bankers.Companies such as SBFC Finance, Concord Biotech, Jupiter LifeLine Hospitals, TVS Supply Chain Solutions, Balaji Speciality Chemicals, Yatra Online, Innova Captab, Aeroflex Industries, Rishabh Instruments, and Vishnu Prakash R Punglia are likely to launch their maiden public issue this month. The ₹1,551 crore public issue of Ahmedabad-based pharmaceutical firm Concord Biotech will open today for public subscription, while the ₹1,025 crore Mumbai-based non-banking finance company SBFC Finance public issue opened on Wednesday. The mood in the primary market is better now with a strong secondary market, according to bankers.

reality shows such as Roadies, Splitsvilla and Hustle. “The question we’re asking ourselves now is if we can transition from just the Hindi-speaking market to regional versions.

Torrent Power on Thursday said it has forayed into the electric mobility infrastructure segment with four charging stations in Gujarat. The first set of charging stations have been installed in Ahmedabad, Torrent Power said in a statement on Thursday.

https://www.instagram.com/reel/Cuvdlr5LIfl/?utm_source=ig_web_copy_link&igshid=MzRlODBiNWFlZA== Ashwin Shah, Cofounder and CEO at RFL Academy, shares that at RFL, they provide hands on learning course through robotics and coding to K-12 students in India. Since 2016, RFL Academy, through its 6 robotics labs across Mumbai, Surat, Ahmedabad, Porbandar, Jamnagar and Rajkot, have taught 30000+ students.

Adani Ports and Special Economic Zone Ltd, part of the Adani Group, said that it recorded bumper cargo volumes of 34 MMT in July this year--a 7% jump year-on-year (YoY). According to a statement on the stock exchange, APSEZ said that growth was observed across most ports, with containers over 23% and liquid & gas more than 27% in the previous month, respectively. During the initial four months of FY 2024 (April-July), APSEZ handled 135.4 MMT of total cargo--recorded 11% YoY growth, the company said.

The October gold futures were trading with declines at Rs 59,393 per 10 grams on the MCX in the opening trade, down Rs 78 or 0.13%. Meanwhile, September Silver futures were trading at Rs 72,616, down Rs 344 or 0.47%. MCX gold ended with minor gains on Wednesday, while silver futures fell sharply by 1.37% or Rs 1,010.Click to know more On the Comex, Gold futures were trading at $1,972.10 per troy ounce on Thursday, down $2.90 or 0.15% while Silver futures trading at $23.820, up $0.052 or 0.220%.

Adani group’s Ambuja-ACC has reached an agreement to acquire Sanghi Cements after deal negotiations moved forward over the course of the past one week and the Adani group companies proposed better acquisition terms and speedy deal closure, according to people aware of the matter. Ambuja-ACC and JK Lakshmi Cement are leading the race to acquire Ahmedabad-based Sanghi Cement, ET had first reported on 25 July. As per sources aware of the matter, Adani group has come close to the expected enterprise value of Rs.

NCLT) Ahmedabad bench has admitted Gujarat-based medium and heavy commercial vehicles maker AMW Motors for liquidation after its successful resolution applicant Triton Electric Vehicle LLC failed to implement the resolution plan. The court also appointed the company’s resolution professional (RP) Avil Menezes as the liquidator for the company. US-based electric vehicle manufacturer Triton had offered Rs 210 crore in cash to creditors of AMW Motors, a significant haircut to lenders who have total admitted claims of Rs 4,195 crore. “Triton Electric Vehicle has failed to fund and implement the resolution plan and has thus contravened the resolution plan,” the division bench of judicial member Shammi Khan and technical member Ajai Das Mehrotra observed in its order of July 27. “We are of the view that the present (liquidation) application deserves to be allowed.” Originally, the Ahmedabad bench of NCLT admitted the company under the Corporate Insolvency Resolution Process on September 1, 2020, in an application filed by one of its financial creditors, Indian Overseas Bank.However, in the absence of any viable resolution plan, the committee of creditors (CoC) approached the tribunal through RP to admit the company under liquidation on September 20, 2021. Interestingly, during the pendency of the liquidation application, Triton Electric Vehicle LLC sought the tribunal’s permission to submit a resolution plan for AMW Motors.

Adani group’s Ambuja-ACC has emerged the frontrunner to acquire Sanghi Cements after deal negotiations moved forward over the course of the past one week and the Adani group companies proposed better acquisition terms, according to people aware of the matter. Ambuja-ACC and JK Lakshmi Cement are leading the race to acquire Ahmedabad-based Sanghi Cement, ET had first reported on 25 July. As per sources aware of the matter, Adani group has come close to the expected enterprise value of Rs.

GANDHINAGAR : The Gujarat government is pitching the state as the sole destination for semiconductor manufacturing and allied investments in India, with officials having discussed with over 100 companies across the gamut of manufacturers and suppliers. “At least half-a-dozen players are in advanced discussions, including wafer fabs, display fabs, OSAT (outsourced semiconductor assembly and test) players and suppliers," a senior state government official said, asking not to be named.

Coal India, NTPC, Tech Mahindra, HCL Tech, and LTI Mindtree were the top gainers. PowerGrid, Hero MotoCorp, Apollo Hospitals, Adani Ports, and Bajaj Finserv, on the other hand, were the top laggards in the Nifty basket. Veranda learning solutions: The publicly-listed education firm (BSE: 543514, NSE: VERANDA) recently revealed that it has entered into a share purchase agreement on May 22, 2023, to collaborate with BAssure Solutions.

Realty developer Arvind SmartSpaces has entered into two joint development agreements for multi-asset township projects spread over a total 704 acres in south Ahmedabad. Both the large horizontal, multi-use golf-themed horizontal projects involving plots and villa development are estimated to have revenue potential of Rs 2,300 crore. Of these, the first project is spread over around 500 acres with estimated development of 20 million sq ft and revenue potential of Rs 1,450 crore.

The October gold futures were trading at Rs 59,879 per 10 grams on the MCX in the opening trade, down by Rs 203 or 0.34% from Monday's closing price. Meanwhile, September Silver futures were trading at Rs 75,095 per kg, lower by Rs 332 or 0.44%. Track prices here MCX Gold ended up by 0.52% on Monday, while silver futures went up by 1.83% or Rs 1,352.