City Ahmedabad Financial News

26.07 / 08:43

Aviat Pilots Licenses of IndiGo pilots suspended after tail strike incident at Ahmedabad airport

Directorate General of Civil Aviation (DGCA) has suspended the licenses of an IndiGo captain for three months and a co-pilot for one month following an incident involving a tail strike during landing at the Ahmedabad airport, a senior official told IANS. The suspension comes as a stern response to the aviation mishap that occurred on June 15, where flight 6E6595 en route from Bengaluru to Ahmedabad experienced a tail strike upon landing.

26.07 / 08:21

UPS Aviat Action Airlines show Pilots DGCA suspends IndiGo pilots for tail-strike incident in Ahmedabad

New Delhi: The Indian civil aviation regulator Directorate General of Civil Aviation has suspended the pilots involved in a tail strike incident at Ahmedabad airport on 15 June. While the pilot-in-command has been suspended for three months, the co-pilot has been suspended for a month. “On 15.06.2023, an Airbus 321 aircraft was involved in a tail strike while landing at Ahmedabad.

26.07 / 07:45

COP Gujarat: HC acquits last cop accused in 2003 Sadiq Jamal encounter case

Gujarat High Court has allowed the discharge plea of a former police official accused in the 2003 encounter of Sadiq Jamal, who the cops had claimed to be a Lashkar-e-Taiba (LeT) operative. With the acquittal of retired deputy superintendent of police Irshadali Anwarali Saiyed, all seven of the eight accused in the case stand exonerated. One accused died during the pendency of his discharge plea.

26.07 / 05:19

Citi Booking Manufacturing performer voice share price ITC Share Price Falls as Investors Disappointed with Demerger Ratio

hotel industry that are worth discussing today. The first is about booming hotel rates ahead of the scheduled ODI International World Cup. The 2023 men's cricket world cup will be hosted by India from 5 October 2023 to 19 November 2023.

26.07 / 04:25

MET Remark Celebrity India vs Pakistan World Cup 2023 match in Ahmedabad may get rescheduled; Here's why

scheduled for October 15 in Ahmedabad might undergo rescheduling due to security concerns. The International Cricket Council (ICC) had initially slated this significant fixture to kickstart the tournament on the first day of Navratri, a festival widely celebrated in Gujarat with enthusiastic participation in garba nights. However, security agencies have advised the Board of Control for Cricket in India (BCCI) to reconsider the date, considering the potential strain on resources and personnel during the festive period, reported The Indian Express.

25.07 / 09:37

COST UPS Citi CEO electronic surges Retail leasing surges by 24% YoY in Jan-Jun; supply jumps 148%: Report

New Delhi: Retail leasing in India witnessed a 24% year-on-year growth during the first half of 2023, reaching a staggering 2.87 million square feet, according to a CBRE report. The report, titled ‘India Market Monitor Q2 2023’, highlights a strong momentum in retail leasing throughout H1 2023, witnessing a 15% rise compared to H2 2022. “We foresee a consistent growth in secondary leasing, while primary leasing is likely to pick up pace, fuelled by a strong supply pipeline and the forthcoming festive season," said Anshuman Magazine, chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE.

25.07 / 06:37

COST Citi CEO performer electronic Retail leasing grows 24% year-on-year in the first half of 2023

Retail leasing in India witnessed a 24% Y-o-Y growth in Jan-June’23 period and a 15% increase compared to Jul-Dec’22 period, according to a CBRE report. Total leasing during Jan-Jun’23 stood at 2.87 mn sq ft compared to 2.31 mn sq ft (Y-o-Y). Bangalore, Delhi-NCR, and Ahmedabad collectively accounted for a cumulative share of 65% in leasing activity during the first six months this year.

25.07 / 05:33

UPS Citi Target Booking Yellow show Indian Gold Rate Today: Gold trades range-bound ahead of FOMC. Check price of yellow metal in Delhi, Ahmedabad, and other Indian cities

Federal Reserve’s Federal Open Market Committee (FOMC) which begins later in the day. The bias remained negative as the dollar index (DXY) was trading above the 101 mark and only strengthened in the last session leading to declines in bullion prices. The August gold futures were trading with minor gains at Rs 59,120 per 10 grams on the MCX when markets opened, up Rs 44 or 0.07%.

24.07 / 20:05

Citi Provident Civil areas in 58 cantonments to be run by local bodies; Jammu, Srinagar kept out

A list of 58 cantonments that are planned to be shifted has been shared with the respective states. The list includes all major cantonments including Delhi, Pune, Ambala and Ahmedabad, besides hill stations like Kasauli and Landsdowne. Only two cantonments — in Jammu and Srinagar — have been left out for now due to security considerations.

24.07 / 18:33

COST UPS Racing Remark Enterprise Adani group's Ambuja-ACC, JK Lakshmi lead race to acquire Sanghi Cement

Ambuja-ACC and JK Lakshmi Cement are ahead in the race to acquire Ahmedabad-based Sanghi Cement which is being sold for an estimated enterprise value of Rs 6,000 crore, people familiar with the matter said. The two frontrunners are expected to start due diligence on the company soon and, if it is satisfactory, place formal offers over the next two months, they said.Shree Cement, Nirma Group and Dalmia Bharat had also submitted proposals to acquire a controlling stake in Sanghi Cement company, but are no longer in the running, the people said. Sanghi Cement is controlled by the family of Ravi Sanghi, promoters of Sanghi Industries.

24.07 / 14:27

FIVE Citizens Telegram USDT Mobile Sony star Fraudsters dupe 15,000 people of ₹712 crore, launders money to China. This is how they operated

₹700 crore in less than a year. Hyderabad Police Commissioner CV Anand in a presentation explained the modus operandi of the scamsters and said how they used the technology to dupe the people. The scamsters send messages to people to invest starting with small amounts.

24.07 / 13:59

UPS IPO Booking Manufacturing Platform band open Shri Techtex IPO to open on July 26; fixes price band at Rs 54-61/share

Shri Techtex on Monday said it has set a price band of Rs 54-61 per share for its initial share sale, which will hit the capital market on July 26. The public issue will conclude on July 28 and the bidding for anchor investors will open on July 25, the company said in a statement. The company's shares will be listed on SME Emerge platform of the National Stock Exchange after the initial public offer.

24.07 / 13:27

UPS Provident Target FIVE rights Seacoast Shipping Services’ Rights Issue: New shareholders can apply by acquiring Rights Entitlements

Ahmedabad: Seacoast Shipping Services Limited, a leading single-window logistics services provider headquartered in Ahmedabad, is providing an opportunity for both existing and non-existing shareholders to participate in the company’s growth by applying for shares in its ongoing Rights Issue. The Rights Issue of 20,20,05,000 fully paid-up equity shares commenced on July 21 and will remain open for subscription until August 2. Shareholders holding shares in the company on the record date of July 13 are entitled to three rights shares for every five shares held by them.

24.07 / 10:15

UPS Citi Provident Enterprise Metro country Ft Managed offices provider DevX sets up 1.80-lakh-sq-ft coworking center in Ahmedabad

DevX has set up a coworking center spread over 1.80 lakh sq ft on Sindhu Bhavan Road in Ahmedabad. This hub, the managed office space provider’s fourth facility in Ahmedabad, has over 3,000 seats and is the largest coworking space in Gujarat.

24.07 / 05:01

Citi Target Booking Yellow DXY show Indian fall Gold Prices Gold Rate Today: Gold prices fall on firm dollar. Check price of yellow metal in Delhi, Ahmedabad, and other Indian cities

The August gold futures were trading in the red at Rs 59,220 per 10 grams on the MCX when markets opened, down Rs 89 or 0.15% from Friday's closing price. Meanwhile, September Silver futures were trading at Rs 74,722, lower by Rs 248 or 0.33%. Gold and silver futures ended in the red in the previous session.

23.07 / 04:33

Citi Waters Highways Orange AMR Rescue Gujarat: NDRF team conducts rescue operation in Junagadh district

incessant rain battering several parts of Gujarat, the National Defence Response Forces (NDRF) team on Saturday conducted a rescue operation in the Junagadh district of the region. The NDRF personnel in the rescue operation reached out to the general public and assisted them to cross the city's flooded and waterlogged regions into safer areas. Earlier on Saturday, one person went missing in Navsari City in the midst of the monsoon rain spells.

23.07 / 03:43

Citi Twitter Man Waters Airlines show social Watch: Ahmedabad Aiport flooded with knee-deep water, passengers asked to check with the airlines

Airport in Gujarat was flooded with knee-high water as per visuals shared on social media websites. The heavy rains induced water logging at the airport have led to passengers facing trouble in reaching for their flights on time while authorities have asked the passengers to check in with their airlines about their flights.

21.07 / 18:29

COST UPS Airlines show cricket World Cup cricket: India-Pak faceoff sends airfares soaring

NEW DELHI : With the 2023 ICC Men’s Cricket World Cup captivating cricket fans, domestic airfares to Ahmedabad, where the crucial India-Pakistan match will be played on 15 October, have surged more than fourfold. Fares have shot up as fans scramble for tickets to witness the clash between the two teams in India after more than a decade. The last time India and Pakistan played each other on Indian soil was on January 2013 in Delhi.

21.07 / 10:15

UPS Art Digital Platform Photography Samsung Premium Samsung inaugurates premium experience stores in Ahmedabad and Lucknow

Samsung says that at the new stores, consumers will be able to experience Samsung’s entire product range around the brands’ connected ecosystem such as SmartThings, smartphones, laptops, audio, gaming and lifestyle televisions. The Premium Experience Store in Ahmedabad is spread across 3,500 sq. ft.

21.07 / 08:51

UPS Citi Aware Entertainment cricket India-Pakistan match: Cricket enthusiasts look at hospitals as an alternative to hotels in Ahmedabad

cricket enthusiasts have found an innovative way to circumvent the skyrocketing hotel room tariffs in Ahmedabad in October this year. Instead of Hotels, many are now seeking admission in hospitals and nursing homes in the city during the period. With the much-awaited India Pakistan Cricket Match scheduled in the city on October 15, the room tariffs have already shot through the roofs with the range varying from Rs 50000 to Rs.70000 per night or even beyond during the period.

21.07 / 05:37

Progressive awards cover Mumbai L&T Construction bags order worth over ₹7,000 crore for Mumbai-Ahmedabad high-speed rail project. Detail here

₹7,000 crore for the Mumbai Ahmedabad high-speed rail project. With this Package, the company will execute 92 percent of the main line between Shilphata and Ahmedabad. The project has been bagged for the construct the 135.45 km stretch MAHSR – C3 package which includes the construction of viaducts, stations, major river bridges, depots, tunnels, earth structures, stations, and other auxiliary works, L&T construction said in a BSE filing. Meanwhile, NHSRCL has already awarded contracts for the construction of Mumbai (BKC) station and 21 km of tunnels including a 7 km undersea tunnel works in Maharashtra.

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