City Ahmedabad Financial News

28.12 / 12:05
markets Provident Strategy Research Experts social testing IN-SPACe link to experiments by startups in space
PSLV rocket, which will remain in orbit for some time after launching two satellites on Monday, will give an opportunity to startups and institutes to carry out experiments in outer space, with India's space regulator emerging as a common link in turning these projects to reality. A record 24 experiments — 14 by the Indian Space Research Organisation (ISRO) laboratories and 10 by non-government entities (NGEs) — will be carried onboard the PSLV Orbital Experiment Module (POEM), including a demonstration of seed germination in outer space, a robotic arm to catch the tethered debris there and the testing of green propulsion systems.
28.12 / 11:07
COST Waves Google social Videos Destinations IIM Ahmedabad graduate drives cab in Bengaluru after driver falls asleep, watch viral video
Milind Chandwani, an Indian Institute of Management (IIM) graduate and the founder of Camp Diaries Bengaluru, has captured widespread attention online. Chandwani shared an unusual incident from his late-night cab ride from Bengaluru airport, highlighting the challenges overworked drivers face and the unexpected situations life throws at us.
27.12 / 00:53
COST Adventure wellness Celebrity exclusive travelers Destinations From igloos to private islands: How India’s wealthiest explored the world in 2024
Subscribe to enjoy similar stories. New Delhi: India’s wealthiest always travel a bit differently, seeking out locations and experiences that are less explored. This year was no different, with travel agencies working hard at sending their clients away to explore new destinations from snow-capped mountains to private islands.
26.12 / 06:29
UPS MET Digital Manufacturing Trade Experts Global semiconductor demand will be met by Gujarat, say experts at ET Make in India SME summit in Ahmedabad
Ahmedabad event saw a full house with representatives from a cross-section of industries, putting forth their perspective on the vibrant MSME ecosystem in Gujarat. The city’s entrepreneurial spirit and drive in its diverse industries such as textile, pharma and chemicals were highlighted at the ET Make in India SME Regional Summit on December 20.
24.12 / 03:33
markets IPO Trade Experts recommendations Updates Pharmaceuticals Senores Pharmaceuticals IPO Day 3 Live Updates: Issue booked 13.93 times so far led by retail investors. Check GMP, more
₹582 crore, attracted bids for 11,89,06,826 shares compared to the 85,34,681 shares available, according to NSE data.The portion allocated for Retail Individual Investors (RIIs) experienced a subscription rate of 38.41 times, while the segment for non-institutional investors saw a 24.63 times subscription. The Qualified Institutional Buyers (QIBs) portion received a subscription of 35 percent.
24.12 / 00:13
COST UPS Aware Manufacturing stage country testing Vande Bharats to get a bullet boost
Subscribe to enjoy similar stories. Homemade bullet trains may belt down specialised railway corridors in the not-too-distant-future.
23.12 / 19:51
markets Provident Citizens wellness social International Repressed supply heightens demand
Air India flight last Friday saw a 'record' intake of in-flight alcohol by passengers from the 'dry state', it is this: repressed supply heightens demand. While the value of liquor sold has not been shared by Air India, the fact was that enthusiasm for purchasing 50 ml miniature bottles of a whisky brand for ₹600 and 330 ml of a beer brand for ₹300 was undoubtedly higher than in usual international flights that couldn't be simply explained by Christmas cheer. That Gujarat has a thriving black market for alcohol is well known. While the loss of tax revenue has been estimated to be over ₹16k cr (about $2 bn), the real worm in the bottle has been the hazard posed for many in the form of illicit liquor. By dint of being contraband, no quality control applies to these non-branded concoctions. So, the virtue-signalling in 'dry states' like Gujarat and Bihar is actually viceful. The 'hooch tragedy' claiming 136 lives in Ahmedabad in 2009 still hangs as a warning — not for the dangers of drinking but of prohibition. At a wider level, a 'mai-baap' state treating its citizens as children creates a split-personality citizenry that is moral and amoral at the same time. Whether it be consumption of alcohol or pornography, or gambling, 'sins' have a human tendency of finding dark avenues when prohibited. Instead of 'Gandhian virtue-signalling', efforts should be made to provide safe alcoholic beverages for those who choose to partake in such an adult leisure. To club everyone who imbibes in drink to be a menace — socially or morally, or both — is a recipe for the kind of exaggerated behaviour witnessed on the way to Bangkok.
17.12 / 14:59
awards WhatsApp Adani Energy Solutions forms new arm for power transmission
Adani Energy Solutions Ltd (AESL) on Tuesday said it has formed a new subsidiary entity for transmission, distribution and power supply. Adani Energy Solutions Step-Eleven Limited (AESSEL) has been incorporated with the Registrar of Companies, Ahmedabad, Gujarat, on December 17, 2024, and is yet to commence its business operations, the company said in an exchange filing.
17.12 / 10:11
audience innovations travelers Interviews Destinations diving Why TUMI wants to focus on intelligent design
Subscribe to enjoy similar stories. As a design brand rooted in travel, TUMI explores a new destination through each of its collection. Its latest autumn/winter 2024 collection, for instance, derives inspiration from Seoul's bold architecture, colourful street culture and innovative mindset.
16.12 / 05:53
markets UPS Citi Booking Trade International diving Mukul Agrawal picks stake in multibagger stock that’s up 400% in a year
Subscribe to enjoy similar stories. Today's edition of Stocks Made Easy shines a spotlight on a luxury car rental services company. We first featured this company a month ago, during a deep dive into stocks trading below their book value—a trend that gained traction when the buzz around Elcid Investments’ boom was just hitting mainstream attention.
16.12 / 00:17
UPS Citi Booking Airlines Metro travelers Destinations Airfare on metro routes down 28%, up on non-metro routes
Subscribe to enjoy similar stories. New Delhi: Those planning to travel between metro cities this year-end are in for a treat. According to data from ticket booking portals, airline ticket prices between metropolitan cities have crashed by almost a third this month compared to December 2023.
14.12 / 13:33
UPS Citi Provident awards WhatsApp hospital Maxivision Super Specialty Eye Hospital to expand in Gujarat; commits Rs 200 cr investments
Maxivision Super Specialty Eye Hospital which entered Gujarat in 2023 has about six hospitals. With the expansion plan, the city-headquartered eye care provider would set up 25 hospitals in Gujarat that would generate over 300 new jobs in the region. A state-of-the-art super speciality centre has also been planned to be established in Ahmedabad under the expansion plan, Maxivision Super Specialty Eye Hospital said in a statement here on Saturday. Maxivision Super Speciality Eye Hospital has also partnered with V V Sapovadia to set up new eye care facilities in Bhuj, Suredranagar, Porbandar, Upleta, Bhavnagar and Junagadh.
11.12 / 12:29
markets Digital Software Research Healthcare reports prevention Healthcare sector sees surge in hiring intent led by Delhi, Chennai: TeamLease EdTech
Healthcare sector in the country is witnessing a hiring surge, with 47 per cent employers planning to recruit staff in this segment, driven by advancements in telehealth and a growing focus on preventive care services, TeamLease EdTech said on Wednesday. The surge in healthcare sector hiring is led by Delhi and Chennai as these cities witnessed highest demand for critical roles in this space. Delhi (65 per cent), Bangalore (56 per cent) and Ahmedabad (48 per cent) have emerged as key hubs for Research Associate roles, which involve conducting medical research, supporting clinical trials, and managing data. According to the report, the aging population and the prevalence of chronic illnesses continue to highlight the need for continuous healthcare support and innovative treatments.
06.12 / 04:11
UPS Citi Strategy Software Experts Schools Shantanu Naidu shares 'silent' update on life after Ratan Tata's death, unveils his next big move
Shantanu Naidu, widely known as Ratan Tata’s trusted associate, has introduced Jaipur to his silent reading initiative, «Bookies.» The community, designed for individuals to gather at public locations and read in silence, launched in Jaipur with an event planned for Sunday, December 8.
06.12 / 02:43
Citi Waters ICE Glacier country reports Under pressure: How climate change is impacting Indian cities
Subscribe to enjoy similar stories. New Delhi and the National Capital Region (NCR) is beset by problems, with the unbearable amounts of atmospheric pollution being the most acute. But the crisis of livability that the city faces isn’t just confined to this.
01.12 / 20:25
markets UPS Citi Digital Manufacturing hospital travelers Big hotel brands see room for growth in manufacturing hubs
hotels are coming up in India's manufacturing hubs, driven by the growing needs of business travellers for quality accommodation. Hotel brands such as Marriott, Hyatt, Orchid, Regenta, Vivanta and Ginger are setting up properties in industrial belts such as Vithalapur, Talegaon, Chakan, Bhiwandi, Pithampur, Kalinganagar, Sanand and Hosur. While visiting executives used to stay in hotels in cities close to these industrial areas in the past, increasing manufacturing activities and traffic woes are making them seek accommodation close to their factories. At Vithalapur, a five-star property, the Courtyard by Marriott and Hyatt Place, is expected to become operational within the next 12 months, underscoring the demand for premium hospitality options in this fast-evolving industrial hub over a two-hour drive from the Ahmedabad city. In the automotive town of Talegaon on the outskirts of Pune, the recently opened 100-room Fern Residency has gained traction among business travellers. Pithampur in Madhya Pradesh has seen mid-market offerings like Click Hotel and Sayaji, riding on robust corporate demand from the manufacturing sector. Chakan in Pune district and Bhiwandi near Mumbai are also attracting attention, with Ginger Hotel developing 200-room properties in both locations. These developments reflect the broader trend of hospitality players expanding to locations with significant manufacturing activity.
29.11 / 12:05
markets Digital Death Research Experts Indus information Researcher's death in cave-in: Gujarat cops seek SOP details from IITs, ASI
Gujarat police on Friday said it was probing whether standard operating procedures were in place in connection with the November 27 trench cave-in near the Indus Valley Civilisation site of Lothal, which resulted in the death of a PhD student of Indian Institute of Technology Delhi. Deceased Surbhi Verma (23) and three other researchers were at the ancient Indus Valley Civilisation site, some 80 kilometres from Ahmedabad, for research work and collection of samples when a 10-foot deep trench caved in. «The joint team of IIT Delhi and IIT Gandhinagar had reached the spot to collect soil samples for paleoclimatic study. Surabhi, who was deep inside the pit, died instantly in the cave-in. A woman professor from IIT Delhi was rescued and two researchers from IIT Gandhinagar were unhurt,» said Ahmedabad District Superintendent of Police Om Prakash Jat. Koth police registered an accidental death case and began a probe, he added.
28.11 / 13:07
markets COST UPS Digital awards Experts India plans local supply chains for bullet trains
“Work on the bullet train corridor in Maharashtra picked up pace after the National Democratic Alliance (NDA) government took charge. Entire land acquisition is complete and over 320-kilometres of the physical infrastructure work is ready,” the official said. Commenting on future bullet train corridors, he said experience from developing the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor will come handy. “India is now capable to single-handedly take up this project in more corridors. We should have our own trains in future corridors as well," he said.
28.11 / 11:33
markets Citi Booking awards travelers Department International Akasa Air announces daily flights between Abu Dhabi, Bengaluru, & Ahmedabad starting March 2025
Akasa Air announced on Thursday the launch of daily direct flights connecting Abu Dhabi with Bengaluru and Ahmedabad, starting from March 1 and 2, 2025 in a press release. The daily flights from Abu Dhabi to Bengaluru (Flight QP 578) will depart at 10:00 am and arrive in Abu Dhabi at 12:35 pm. On the return leg, Flight QP 577 will depart Abu Dhabi at 3:00 am and arrive in Bengaluru at 8:45 am. Both flights will are non-stop, will operate daily and are set to fly from March 1 and March 2, respectively. In addition, Akasa Air will introduce direct and daily flights between Ahmedabad and Abu Dhabi from March 1, 2025. Flight QP 580 from Ahmedabad will depart at 10:45 pm and arrive in Abu Dhabi at 1:00 am the next day, while Flight QP 579 will depart Abu Dhabi at 2:50 pm and arrive in Ahmedabad at 7:25 pm.
28.11 / 07:43
markets security Strategy Sustainability Enterprise information International After GQG, Abu Dhabi's IHC backs Adani over US indictment
Subscribe to enjoy similar stories. Mumbai: International Holding Company (IHC), the investment arm of Abu Dhabi's ruling family, has become the second major investor to reaffirm its faith in the Adani Group after its chairman Gautam Adani was indicted by US federal prosecutors for allegedly bribing Indian government officials. "At IHC, our investment strategy is guided by a commitment to long-term growth and sustainability.

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