City Ahmedabad Financial News

lending sector. A few major venture-funded lending startups have swung into profits in fiscal year 2023 and some are also scouting for fresh equity rounds to shore up their capital reserves. Industry insiders told ET that after the two years of the pandemic, revival has been quick in the small and medium enterprise sector, which has helped some SME-focused lending platforms.

Torrent Group has crossed Rs 1 lakh crore market capitalisation as it's power units EV push and pharma company's recent acquisitions fuelled a rally in stocks. The combined market capitalisation of its two listed group companies — Torrent Pharmaceuticals Ltd and Torrent Power Ltd crossed the Rs 1 lakh crore mark in trading on Monday, according to stock exchange information. Torrent Pharmaceuticals shares hit an intra-day high of Rs 2,014.8 before closing at Rs 2,010 on the NSE.

India’s retail sector is witnessing a constant surge in demand and healthy leasing across Grade A retail spaces. Growing consumer base, evolving lifestyle, urbanisation, rising disposable income, the convergence of online and offline retail, and investments in retail infrastructure are attributed for the rise in the leasing activity of retail spaces.

Registration for Xavier Aptitude Test (XAT) 2024, the national-level MBA entrance exam, has now begun. The test is scheduled to take place on Sunday, January 7, 2024. With its scores accepted by over 160+ prestigious management institutes across the country. For XAT 2024, the registration fee is Rs. 2100. However, candidates applying for XLRI programmes are required to pay an additional fee of Rs 200 each, according to an official release.

Narendra Modi Stadium, Ahmedabad to watch the spectacle. The historical rivalry between the two teams boosted with political differences makes the game very sensitive for the people of both nations. The prices of hotels in Ahmedabad skyrocketed with people ready to pay even ₹80,000 to ₹1,00,000 for hotel bookings.

icai.org. Currently, there is no official confirmation from the institute, however, some media reports state that the date and time of CA foundation results will likely be declared today. The ICAI June session exams were held on 24, 26, 28 and 30 June 2023 in 290 centres across India.

KKR, has acquired four road assets from Macquarie India in a deal worth ₹3,000 crore. Earlier, Adani Road Transport had agreed to acquire these road assets for ₹3,100 crore, but terminated the deal last month citing «unsatisfactory conditions». Highways Infrastructure Trust (HIT) will acquire Gujarat Road & Infrastructure (GRICL) and Swarna Tollway (STPL), the InvIT said in a filing with stock exchanges.

IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. Dalal Street is gearing up for another busy week in the primary market as five main board and small and medium enterprises (SME) IPOs to hit the primary market this week.SBFC FinanceThe initial public offer (IPO) of non-banking lender SBFC Finance will open for public subscription on August 3 and closes on August 7. The allocation to anchor investors will be done on August 2. It has fixed price band at Rs 54-57 per share for the issue. The initial share sale comprises fresh issuance of equity shares worth Rs 600 crore and an Offer for Sale (OFS) of Rs 425 crore. The company had filed preliminary IPO papers with Sebi in November last year. Under the OFS, selling shareholders include Arpwood Partners Investment Advisors who will offload equity worth Rs 306 crore, Arpwood Capital, Eight45 Services will sell up to Rs 75 and Rs 43 crore, respectively. The proceeds from the fresh issuance worth Rs 600 crore will be used to boost its capital base to meet future capital requirements.

Gujarat's Ahmedabad city on Sunday, following which around 125 patients were evacuated from the facility as a precautionary measure, officials said. There was so far no report of any casualty, inspector M D Champavat from Sahibaug police station said. Due to the renovation work underway at the hospital, several items stored in the basement caught fire and caused massive smoke, a fire official said.

PTI. "Fire fighting teams are working to control the blaze.

Harmanpreet Kaur will have hope that her team plays well in her absence and manage to reach at least Asian Games final so that she can contribute something in the final match. This was the third time after 2010 and 2014 that cricket made an appearance in the Asian Games.

World Cup, an inspection team from the International Cricket Council is checking the readiness of venues that will host the quadrennial extravaganza in October-November this year. The ICC team, which is currently at the Narendra Modi Stadium in Ahmedabad, has paid a visit to three venues in South — Bengaluru, Chennai and Thiruvananthapuram, where practice matches will be held — and the Wankhede Stadium in Mumbai. The reconnaissance unit dropped in at the M Chinnaswamy Stadium here on July 28, and expressed their satisfaction over the facilities.

Indian women's cricket team captain Harmanpreet Kaur will only be able to play in the Asian Games if her team reaches the final of the mega event starting September 23 in Hangzhou. Four teams in both men's and women's events — India, Pakistan, Sri Lanka and Bangladesh — will be directly playing from the last eight stage, courtesy the ICC T20I ranking on June 1.

Maruti revolution where it wasn't just the Suzuki car coming in, it wasn't only about a car coming in, it was a way actually for the entire lifestyle, it was a thinking, it was an industrial culture which got changed," he said. "The second revolution was the metro revolution. I think it's had a very profound impact on the urban infrastructure of India," Jaishankar said.

Terra Food Co. (TFC), a pioneering gourmet cloud kitchen company, has successfully raised $800,000 in its Pre-Series A funding round. The funding was secured from a group of esteemed investors, including Zero to One Fund, Twin & Bull Fund, ah! Ventures, and several other international angel investors.

Finance Minister Nirmala Sitharaman on Friday said domestic companies can now go in for direct listing on foreign exchanges and the International Financial Services Centre (IFSC) in Ahmedabad.

World Cup match, originally slated for October 15 in Ahmedabad, may undergo a change in schedule due to security concerns. Clash of dates The International Cricket Council (ICC) had initially planned for this exciting fixture to kickstart the tournament on the first day of Navratri, a significant festival celebrated in Gujarat. However, security agencies have raised apprehensions about the potential strain on resources and personnel during the festive period.

Small-cap stock below ₹5: Shares of Earum Pharmaceuticals will be in focus of stock market investors are the board of directors of the company is going to consider and approve bonus shares in its meeting scheduled today. As per the exchange communication of the micro-cap company, the company board will consider and approve issuance of bonus shares while deciding the time, date and venue for the next AGM (Annual General Meeting) of the company.

buyback of shares will be fully subscribed as it offers shareholders around 15% premium to the market price, chief financial officer R. Shankar Raman told Mint in an interview. “If you look at various offers that have been put out, they've been between 15 and 20% premium and our assessment of the market is that it is around 15% premium.

₹32,718 crore, aided by improved execution across segments. Further, order inflows from this segment jumped 80% y-o-y to almost ₹50,400 crore buoyed by the Mumbai Ahmedabad High Speed Rail project contract. This went a long way in driving consolidated order inflows, which also got a boost from large orders in the infrastructure and hydrocarbon segments.

India vs Pakistan match may get preponed to 14 October. “Security agencies have advised BCCI to reschedule the match date to October 14 from October 15," a BCCI source said as per ANI. The final decision on the date of the match will be taken in a meeting on 27 July.