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A communique from the US Pharma player Amneal has announced their acquisition of Ahmedabad based Punishka Healthcare for a value of about Rs.700 crores. Amneal has over several years made capital investments and acquisitions of over $300 million to mark it’s presence in India. Founded by a reputed industrialist Kalpesh Patel, Punishka is run by […]
Frequent stoppages by police and transport authorities have been cited to be a major challenge that pushes up the overall logistics cost of India. This comes after Gujarat topped the ranking of states on ease of logistics amongst 21 other states followed by Haryana, Punjab, Tamil Nadu and Maharashtra, as per the Commerce Ministry report […]
Security has been beefed up around Antilia in Mumbai following reports of suspicious movements by some people around Mukesh Ambani’s residence. A taxi driver called the police and said that two strangers approached him to inquire about Mukesh Ambani’s residence. Mumbai police had received information that two persons were asking for Mukesh Ambani’s address after […]
In 1999, Jack Welch, CEO of General Electric (GE), ordered 500 top-level managers to reach out toyounger people in the company in order to learn how to use the internet. He himself roped in anemployee in her 20s to help him navigate the Web. Welch was a pioneer when it came tomanagement ideas and this […]
Fifteen-year-old Vinisha Umashankar, one of the finalists of Prince Williams Earth shot Prize, delivered an impactful speech at the COP26 climate change conference in Glasgow on climate change. She urged the world leaders, business leaders, international organizations as well as civil society to just stop the talks and begin with the implementation “We have every […]
Ever since Virat Kohli the captain of the Indian Cricket team has made a statement defending Mohammad Shami creating a lot of stir on social media platforms, people have been passing comments of various tastes. Along with this people have been bashing the captain for India’s two straight losses in the World Cup. Congress leader […]
With another year about to approach its end, it’s that time of the year again when WhatsApp will stop supporting various Android and iPhone devices. WhatsApp has released a list of devices that will no longer support the chat software. Starting November 1, these listed devices will no longer support the WhatsApp app and the […]
The Adani Group is inventing in travel aggregator Cleartrip, a part of Flipkart Group. As a part of investment, Adani Group will acquire a significant minority stake in Cleartrip. “Through this investment, the Adani Group and the Flipkart Group will benefit from synergies that will deliver superior travel experiences to consumers as the travel industry […]
When reports suggest that Gujarat is struggling to address malnutrition, anaemia, deficiency of iron and essential minerals among children, serious issues in implementation of fortified rice in Mid Day Meal scheme have come to fore. With a view to address the issue of malnutrition amongst children, Fortified Rice Kernel (FRK) is planned to be distributed […]
“More than 98 percent of the total surveyed workers working in the ceramic cluster in Thangadh of Surendranagar district do not get benefits of Employee State Insurance (ESI) coverage” – suggests a survey conducted by Peoples Training and Research Centre (PTRC), Vadodara. Employee’s State Insurance is public social security and health insurance fund for Indian […]
The Adani group recently sealed the deal with Sri Lanka to develop and run the strategic Colombo Port’s Wester Container Terminal. A senior official from the state-owned Ceylon Electricity Board (CEB) informed that they are also exploring the possibility of investing in the island nation’s energy and wind sector. The comments of the deal came […]
Luxury carmaker Mercedes-Benz implemented its customer-centric ‘Retail of the Future’ (ROTF) ‘direct- to- customers’ business model and said it will all stakeholders. Company has invested Rs 60 crore to make it operational In this new format Mercedes-Benz India will retain the ownership of the entire stock of cars and retail them via appointed ‘franchise partners’ […]
Reliance Industries Ltd (RIL) has reported a net profit at Rs 13, 680 crore, July-Sept quarter FY22, a rise of 11.4 per cent compared with the previous quarter, where net profit stood at Rs 12,273 crore. EBITDA for the second quarter of FY22 stood at Rs 26,020 crore compared to Rs 23,368 in the first quarter. In the July-September […]
Three Gujarat investors have complained to the Ahmedabad Crime Branch that deliberately misleading reports by at least four journalists including a prominent news channel led to a huge loss on their investment. The police application, whose copy is with Vibes of India (Vo!) states that this “huge loss was a part of a national conspiracy. […]
Since the execution of Goods and Services Tax (GST) in July 2021, Ahmedabad and Surat have turned into centres for bogus billing in Gujarat. The trap of unlawful transactions has additionally spread quickly to industrializing locales like Bhavnagar, Rajkot, Morbi and Gandhinagar. Though it has spread quickly, Ahmedabad and Surat still account for 58 per […]
Manish Malhotra luxury retail footprint that extends stores across Mumbai, Hyderabad and New Delhi, gets its first external investor – Reliance Brands Limited (RBL) for a 40 percent stake. Reliance was also in talks to acquire Ritu Kumar’s brand but has now signed a definitive agreement to invest in the brand that had been so […]
With an increase in the inflow and availability of tea from Nepal, the prices of Darjeeling tea have fallen by 20-25 percent within a span of one year. Tea plantations in Darjeeling might have to be shut down as ‘substandard’ tea from Nepal continues to flood Indian markets which will likely affect thousands of people […]
Despite not so cordial relations between two Asian giants due to military standoff in eastern Ladakh, bilateral trade volumes between India and China continues to scale new height. After already having touched USD 90 billion in the first nine months, it is set to cross the record figure of USD 100 billion this year. While […]
Reliance New Energy Solar Ltd. (RNESL) – a wholly-owned subsidiary of Reliance Industries Ltd. (RIL) has signed an agreement with Denmark-based Stiesdal (Stiesdal) to manufacture hydrogen electrolyzers. Stiesdal is a Danish company that is engaged in developing and commercialising technologies on climate change mitigation. RNESL has been awarded the license for this through a “cooperation agreement”, […]
IMF World Economic Outlook report for the quarter ending September 2021 has estimated the Indian economy to grow at 8.5 percent next financial year 2021-22. This bolsters the general opinion about robustness of the economy, which is coming out of the recession created by the Covid-19 epidemic. IMF has suggested no change in the estimated […]
