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The Ahmedabad bench of the National Company Law Tribunal (NCLT) has directed Swan Energy to make a payment of Rs 250 crore as part of the resolution plan for the bankrupt Reliance Naval and Engineering Limited (RNEL). Led by Nikhil Merchant, who is managing director of the company, Swan Energy had bid successfully for RNEL […]
Developed in the manufacturing industry, six-sigma is a set of management techniques intended to reduce the probability of errors or defects. Service companies too have been trying to use the concept of six-sigma to standardise their processes. Call centres, for example, have been trying to script the interaction between their employees and customers down to […]
Stock markets, an Indian business magnate says, are like weather. We have to endure it regardless of what it offers. Indian markets tend to get overheated quickly, calling for immediate corrections, or sink in their own weight. In recent times, the Indian stock market has been coping with losses, but there’s something to cheer about. […]
Though the overall realty outlook in Ahmedabad, especially in the housing sector, has been looking up in the last couple of years, business has been a bit slow in the affordable housing segment because of the RBI’s interest rate increases. The affordable segment constitutes almost 60 per cent of the city’s real estate market. However, builders […]
The Confederation of Indian Industry (CII), in collaboration with the US Consulate in Mumbai held a session entitled “SHE AND SME: Inclusive Future” on Wednesday in Ahmedabad. This workshop is designed to foster collaboration between experts from India and the United States pertaining to gender equality within organisations. The primary focus of this initiative is […]
Ambuja Cements has incorporated three fully owned subsidiaries — LOTIS IFSC Private Limited, Ambuja Concrete North Private Limited and Ambuja Concrete West Private Limited, the company informed the Indian stock market bourses. Ambuja Cements, an Adani group company, said in its declaration, “Pursuant to Regulation 30 of the Listing Regulations read with Part A of […]
A high-profile trade delegation from South Korea has recently concluded its visit to India, aimed at exploring investment and partnership prospects within the burgeoning high-tech display industry. Spearheaded by the Korea Trade-Investment Promotion Agency (KOTRA) and the Korea Display Industry Association (KDIA), the delegation embarked on this mission at the invitation of the Vedanta Group. […]
A plot of around 4,000 square yards has fetched a record price of Rs 3.25 lakh per square yard in an upmarket Ahmedabad suburb. The plot on SG Road, located between Iskcon Circle and Prahladnagar, has reportedly been bought by an investor, who is in talks with a developer for a joint venture project on […]
The rupee tumbled to a record closing low of 83.27 against the dollar on Monday. Global markets have turned risk-averse as investors await key decisions from the US Federal Reserve, the Bank of England and Bank of Japan amid a rising US yield curve. Moreover, foreign fund outflows and a widening trade deficit weighed on […]
India’s Torrent Pharmaceuticals may land a deal with private equity funds CVC Capital Partners and Bain Capital to raise up to $1.5 billion to bid for Cipla, according to sources. Torrent and Blackstone are among those interested to acquire a stake in Cipla, India’s third-biggest drugmaker by sales, in what could be the largest pharma […]
Get the best smartwatch collection in Bhuj, Kutch, the best wristwatches for men in Bhuj, Kutch, with a diverse range of watches from top brands worldwide. Today, styling is not just about an exquisite collection of apparel and perfumes. It is a lot about one-of-a-kind wristwatches and smartwatches as well. The watch industry has remained a […]
GIFT City continues to be in the news. Only recently, a news agency reported that Saudi Arabia was contemplating setting up an office of its sovereign wealth fund there. The report reminded of GIFT City’s standing as a tax-neutral financial services centre and a key project for Prime Minister Narendra Modi. It rivals financial services […]
In a potential boost to investments in the state, Gujarat is going to see the setting up of a sovereign wealth fund (SWF) office by Saudi Arabia at the Gujarat International Finance Tec-City (GIFT) in Gandhinagar. Investment minister of Saudi Arabia Khalid A. Al Falih said that within the next few weeks, he would send […]
Stock prices of Gujarat’s corporates have soared in recent times, ensuring strong returns for investors as well as a positive future outlook that overall secures the investment scenario in the state. Since the beginning of the fiscal year 2023-24, state’s corporates’ stock prices have gone up by up to 87%. Homegrown giants like Adani Group, […]
As a trader, you would be spending hours observing charts to identify patterns and trends in price movements. Price charts offer a true picture of how the market is performing. Traders use such charting tools to discover valuable insights and explore strategies before they execute trades. One such charting platform is TradingView. However, using the […]
India’s semiconductor dream sees another leap as Taiwanese tech giant Foxconn Technology Group is reported to be exploring a partnership with STMicroelectronics NV to build a semiconductor factory in India. Reports say Foxconn and Franco-Italian STMicro are applying for PLI incentives for a 40-nanometer chip plant. The government has asked Foxconn for more details about […]
Suzuki R&D Centre India Private Limited (SRDI) – a wholly owned subsidiary of Suzuki Motor Corporation (SMC) in India, has inked a deal with Banas Dairy of Palanpur, a member union of the Gujarat Co-operative Milk Marketing Federation (GCMMF) and Anand-headquartered National Dairy Development Board (NDDB) to establish animal dung based biogas production plants in […]
New Delhi: The Reserve Bank of India (RBI) refused the government’s proposal to extract Rs 2-3 lakh crore from its balance sheet in 2018 for pre-election expenditure ahead of Lok Sabha polls in the following year, former central bank deputy governor Viral Acharya said in a new prelude to his book, Quest for Restoring Financial Stability in India. According […]
At the start his course on “The Business Environment of India” at the Anderson School of Management in the University of California Los Angeles, Romain Wacziarg asks his students: How long will it take India to catch up with America’s per capita income, given their current average rates of GDP growth (2.4% for the US […]
Despite high economic growth, the average price of property in Gujarat has mostly remained the same in the last six years, says a report. According to data compiled by the Confederation of Real Estate Developers’ Associations of India (Credai), the average price of residential units in Gujarat’s top five districts has been Rs 34 lakh […]
