City Ahmedabad Financial News

Ahmedabad, July 20: Ahmedabad-headquartered Seacoast Shipping Services Limited, a leading single-window logistics services provider, reported excellent numbers for the first quarter of financial year 2023-24 with its Profit After Tax (PAT) surging by 65% on a year-on-year basis and by 80% on a quarter-on-quarter basis. The company has also announced a rights issue, which is set to open on Friday, July 21. The company’s PAT for the latest April-June quarter was Rs.

Indian Railways is planning to launch regular non-AC long-distance trains connecting major cities like Delhi, Mumbai, Surat, Ahmedabad, Bangalore, Chennai, and parts of Punjab. As per ToI report, the railways plans to start the train services before the next Lok Sabha election. The selection of these routes has been carefully determined by analyzing waitlisted ticket data and assessing the origin-destination patterns of high passenger volumes.

accident. It does not appear to be a case of drunk driving. But our primary investigation has revealed the speed of the Jaguar car was extremely high.

Jawan. “This is the legacy of SRK, ICC acknowledges him as King Khan. And who better than the biggest face of India to unveil the World Cup trophy," one Twitter user wrote.

business schools are rolling out curriculum changes to better equip future managers for the changing needs and norms of hybrid workplaces, as businesses actively seek people who can effectively lead teams in different work modes. There is a demand from companies recruiting from campuses; they assess candidates for the capabilities required for the evolving work environment, said Indian Institute of Management-Ahmedabad director Bharat Bhasker.

informal employees are prioritising factors such as prestige and career potential over wages today, says a Quess Corp report. The report by leading business service provider Quess Corp titled ‘New Collar Generation Report' uncovers the aspirations of India's informal economy post-pandemic.

Porter, a tech-based on-demand logistics companies, announced the introduction of its Inter-city Courier Services, aimed at transforming the way goods are transported across the country. This tech-enabled Inter-city delivery offering is set to ease the logistics landscape by providing doorstep pickup and delivery services to a wide range of customers, including SMEs, retail businesses, and regular consumers.

School closures during the COVID-19 pandemic caused extreme learning losses, World Bank President Ajay Banga said on Wednesday, underlining the need to devise a mechanism to prevent such situations before the next pandemic hits. «We have a real challenge for the generation which was undergoing schooling during the pandemic,» Banga said, responding to a question by PTI. «Developed and developing countries were learning how to deal with it when we were hit by the COVID-19 pandemic.

Times of India has stated.   The Gujarat government sources told TOI that the city have been preparing to bid for 2030 Commonwealth Games and have been setting itself up for the infrastructure. The state had earlier set its target to complete the work by 2028, however, sources added that work will be completed before the 2026 games.

Commonwealth games may make a comeback in India after 16 years as Gujarat government is considering the prospects to make a bid to host the next Commonwealth Games. This comes as Australia withdrew its offer to host the 2026 Commonwealth Games, yesterday due to rising costs. As per a ToI report, the original plan was to prepare Ahmedabad for the 2030 Commonwealth Games with a goal of completing all infrastructure projects by 2028.

Vedanta Group has tied up with technology and equity partners for its semiconductor fabrication project and with Innolux for its display fab unit, Akarsh Hebbar, global managing director of Vedanta Semiconductors and Display, said in a statement on Tuesday. “Vedanta Group remains fully committed to building India’s first semiconductor and display fabs in Dholera Special Investment Region in Ahmedabad district. Substantial progress has happened to tie up with technology and equity partners in semiconductors and we will make an announcement soon," he said.

Adani Group's sports division, Adani Sportsline, has announced that it has won the transparent and competitive bid for the management and upkeep of the 44,543 square meter Sabarmati Riverfront sports parks on the east and west sides of Ahmedabad. The Sabarmati Riverfront Development Corporation has created sports parks as part of the Smart Cities initiative to provide top-notch training and facilities with the amenities needed for competitive sports. These sports parks are equipped with jogging tracks, gymnasiums, cricket fields, basketball, volleyball, and tennis courts, as well as children's play areas and skating rinks.

New Delhi: Finnish telecom gear maker Nokia and India’s Telecom Sector Skill Council (TSSC) will train 300 people in 5G, IoT and allied skills at the Nokia Centre of Excellence which was inaugurated at ITI Kubernagar, Gujarat, Monday.   The centre is setting up a skill lab for training of the candidates with the aim of providing placement offers within 4-6 weeks of course completion to at least 70% of learners. About 300 such candidates will benefit from the program in the first year of the project.   “As part of our larger commitment to local communities, we are facilitating connectivity and digitization to further positive socio-economic, educational and health impacts in India.

telecom technologies will be employed in the current fiscal, a top official of the Telecom Sector Skill Council said on Monday. The Telecom Sector Skill Council (TSSC) also announced setting up a new Centre of Excellence for Skill Development Training in collaboration with Finnish telecom gear maker Nokia at Kaushalya — The Skill University campus in Ahmedabad.

ICRA. The incremental absorption is estimated to remain at around 39 million sq ft, the level witnessed in 2022-23. Nearly 52% of the expected supply addition across these primary markets including Mumbai, National Capital Region, Pune, Chennai, Bengaluru, Kolkata, Hyderabad, and Ahmedabad will be in grade A category.

World Cup frenzy has already got India in its firm grip — and the India-Pakistan match is at the center of it all. All roads, and air-routes, lead to the Motera stadium in Ahmedabad, which is set to host the most-awaited match between India and Pakistan on October 15. And this is one time when being the early bird gets you nothing.

Bain Capital is in advanced negotiations to close the acquisition of Gautam Adani's seven-year-old shadow bank, Adani Capital, edging past Carlyle as the Ahmedabad-based billionaire looks to realign his business interests and focus on core infrastructure by conserving cash, said people directly involved. ET was the first to report July 10 that three private equity (PE) groups, including the aforementioned two and Cerberus Capital Management, were in the final lap of the process. Adani Capital's management — led by former Lehman Brothers and Macquarie investment banker Gaurav Gupta, who joined the conglomerate in 2016 — owns around 10% of the company.

ben' suffix in her name. Seeking to travel abroad, Deepaben realized that the suffix in her name, inherited from her mother, could cause complications. To rectify the issue, she made an application to the Regional Passport Office (RPO) for a name change and approached local newspapers to publicize her decision.

NEW DELHI : Indians were over the Moon with the launch of Chandrayaan-3 by the Indian Space Research Organisation (ISRO) on Friday. Since Chandrayaan-2 failed about four years ago, scientists are hopeful that this third lunar mission's lander Vikram and rover Pragyaan will descend softly and safely on the Moon on 23 August.

Ahmedabad man has been swindled out of a whopping Rs.51 lakhs by a gang of five individuals who promised him a US visa. The victim, Shailesh Patel — 48-year-old school van driver, lodged a complaint on Friday with the local police detailing the events leading to the deceitful act. The matter is currently under investigation and the police are looking for the modus operandi and the bigger network by interrogative with the culprits. Shailesh has filed a complaint with Navrangpura police, accusing a person named Jaswinder Singh Bajwa and the other four individuals of breach of trust, cheating, and criminal conspiracy. The incident unfolded when Shailesh's brother-in-law, Haresh Patel, who currently resides in Chicago, requested him to assist his friend, Pragnesh Patel, in obtaining a visitor's visa back in December.

MotoGP Bharat has announced a multiple city event ‘Road to MotoGP’. As per the company, the event would cover leading cities across the country and reach out to biking enthusiasts, biker groups and among others to celebrate the spirit of motorcycling. Moreover, the event will also scout for talent and create association with young aspiring riders to take up the sport professionally.