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Reliance Industries, headed by Mukesh Ambani, and Apollo Global Management, a US buyout firm, are preparing a concrete bid for Walgreens’ Boots Alliance Inc’s international chemist and drugstore businesses, known as Boots, according to individuals familiar with the situation. They indicated their binding proposal might be submitted as early as Friday. According to people familiar […]
Many companies, including Ganesh Holdings and Mipco Seamless Rings, will release their March quarter net earnings on June 1, 2022. Meanwhile, some behemoth stocks have already made headlines. Among them are Life Insurance Corporation, IRCTC, and Sun Pharma. LIC has reported a 17% plunge in consolidated net profit to ₹2,409 crores for the fourth quarter. […]
According to a Reuters poll of property analysts, property prices in India are expected to rise 7.5 percent on a pan-India basis this year, the fastest growth in five years. The average house price is expected to rise 6% next year and 6% in 2024. The poll of 13 real estate analysts was conducted from […]
According to Edelweiss Alternative & Quantitative Research, Adani Enterprises has a ‘high possibility’ of replacing Shree Cement in the benchmark Nifty in September’s semi-annual index review. The modifications to the index will be revealed in the second half of August, with a September 30 rebalancing date. Adani Enterprises has a good chance of entering the […]
Gujarat is a land of entrepreneurship and real estate developers. And when there is a bullish run, there’s bound to be some trampling on the way. In this instance, laws related to benami property have been conveniently trampled. According to highly placed sources in the Income Tax Department, benami property has emerged as a major tool of laundering black money in […]
Dilip Sanghavi led Sun Pharma reported a net loss of Rs 2,227.38 crore in the most recent quarter, compared to a profit of Rs 848 crore a year ago. The company’s revenue for the quarter increased by 11% year on year to Rs 9,386.08 crore. According to one poll, the company was predicted to earn […]
Essar Oil and Gas Exploration and Production Ltd (EOGEPL), India’s hydrocarbon (Coal Bed Methane) player, reported a 118 percent increase in revenue year on year in the fourth quarter ended March 31, 2022, at Rs 148 crore. In the previous fiscal quarter, the company earned Rs 68 crore in revenue. Experts are of the opinion […]
The top three business houses are expected to compete for a deal with Germany’s Metro AG to invest in its India unit Metro Cash & Carry. According to industry sources, Reliance, Adani Group, and Thailand’s conglomerate Charoen Pokphand (CP) are potential front-runners for a partial or full stake in Gurugram-based Metro Cash & Carry, which […]
The federation company connects distributors and merchants. The Federation’s members are in FMCG business throughout the whole of Gujarat. Nationally, there are about five lakh distributors and 1.5 crore retailers who have been in the business for more than a century. The Gujarat FMCG Distributors Association and the Chemists Association, met with retailers and wholesalers […]
Indigo Airlines on Saturday was fined Rs 5 Lakh for denying a boy with a special needs permission to board a flight from Ranchi. The airline informed the teen’s parents that he posed a risk to other passengers. The incident sparked widespread outrage, with many accusing the airline of discrimination. IndiGo has denied the allegations, […]
Zydus Lifesciences Ltd. (formerly Cadila Healthcare Ltd.), a global lifesciences company, has announced that the United States Food and Drug Administration (USFDA) has issued an Establishment Inspection Report (EIR) for its Jarod injectables manufacturing facility near Vadodara, India. The establishment inspection report denotes the completion of the inspection. The USFDA inspected the facility from February […]
Adani Enterprises announced on May 27 that it had signed a definitive agreement to buy a 50% stake in General Aeronautics Private Limited, a company that makes commercial robotic drones and drone-based solutions for crop protection, crop health, precision farming, and yield monitoring for the agricultural sector, using artificial intelligence and analytics. “Adani Defence Systems […]
Sun Pharmaceuticals on Friday announced that one of its subsidiaries acquired the Uractiv portfolio from Fiterman Pharma in Romania. The portfolio of the company includes food supplements like minerals, vitamins and adjuvants; cosmetics and medical devices used for maintaining urinary tract health. Uractiv is Romania’s No. 1 brand in its sector, with over a decade […]
Commerce and Industry Minister Piyush Goyal has said that he had very successful talks with UK’s Trade Secretary Anne-Marie Trevelyan, especially regarding the free-trade agreement (FTA) between the two countries. Goyal has insisted that if everything goes well and as planned, the India and the UK could finalise the FTA before Diwali. This will also […]
Income Tax Department’s probe into Asian Granito India Limited (AGL) has continued for second day in a row. Its been over 32 hours that the investigation has been underway at numerous locations of the company, including the headquarters at S.G. Highway in Ahmedabad The probe, however, seems to have been a success as the authorities […]
The much-awaited Qualifier 2 of the Indian Premier League (IPL) 2022 will be played between the Rajasthan Royals (RR) and Royal Challengers Bangalore. The match, scheduled later today, will be played at the Narendra Modi Stadium. Both teams have displayed some excellent cricket throughout the tournament. The pitch at Narendra Modi Stadium is expected to […]
Triton EV, known as a pioneer in the EV industry, has established a comprehensive Research and Development (R&D) Center facility in Kheda, Anand District, near Ahmedabad, Gujarat. The facility covers 1 lakh 50 thousand square feet and will serve as the global hub for Triton EV’s entire R&D operations, including Triton EV Trucks, Triton EV […]
Gautam Adani’s strong performance bodes well as he expands his reach. Adani Wilmar Ltd. of India is an outlier among Asia’s newly listed stocks. The food company has nearly tripled in value since its inception, while most newcomers are trading at a loss. Shares in the firm, a joint venture between Gautam Adani’s group and […]
Japanese Bank MUFG will open a branch at GIFT City(Gujarat International Financial Tech City). The International Financial Services Centre Authority in India and the Financial Services Agency in Japan have both granted MUFG Bank permission to open a branch at GIFT City. MUFG will be the first Japanese bank to open a branch at Gujarat […]
Income tax in Gujarat was all upbeat on Thursday morning as it struck on various companies in Gujarat. Raids are on at 40 premises across Gujarat. According to our income tax sources, the Asian Granito India which is headquartered in Gujarat is being raided. The Asian Granito India Limited is one of India’s largest luxury […]
