Reserve Bank Governor Shaktikanta Das on Saturday said trading of sovereign green bonds can commence at the International Financial Services Centre in Gujarat during the second half of the current fiscal. “We are in discussion with the IFSC, it will be operationalised very soon. I think in the second half (of the current financial year), … Read more
Foreign promoters of Timken India are likely to sell 6.6% of stakes in the company through block deals on Tuesday, according to a term sheet issued by BofA Securities India. The term sheet indicates that the floor price has been set at Rs 3,550 per share, which is a 10.2% discount to Monday’s closing price … Read more
In a remarkable feat, an Indian auto enthusiast has modified a Honda Civic into a Lamborghini Terzo Millennio electric concept car, surprising the internet and impressing car lovers worldwide. The car’s video, shared Gujrati YouTuber Tanna Dhaval, has gone viral on social media. From Honda Civic to Lamborghini Terzo MillennioTanna Dhaval revealed that the ambitious … Read more
MG Motor India is driving towards tier III and IV cities of the country with plans to establish 100 new touchpoints by the end of the ongoing fiscal year as part of its strategy to fuel the next phase of growth, a senior company official said on Wednesday. With JSW Group coming in as an … Read more
Pune: The prices of tur dal have increased by more than 10% in less than a month despite the open import policy. The pulses processing industry has claimed that it is facing supply shortages of raw tur for converting into tur dal. Though the government suspects hoarding by importers, trade body Indian Pulses and Grains … Read more
Ahmedabad: The charisma of Prime Minister Narendra Modi is among the key factors most likely to influence voters in the ensuing Lok Sabha elections in Gujarat, according to political observers. Lok Sabha polls in Gujarat will be held in a single phase on May 7. Counting of votes will be held on June 4. Anti-incumbency, … Read more
Tata Motors’ Sanand Plant in Gujarat, India, celebrated a significant milestone, reaching the production landmark of 1 million cars. The plant, which was established around 14 years ago to manufacture small cars, has evolved into a key facility for producing electric vehicles (EVs) and factory-fitted compressed natural gas (CNG) cars. According to Shailesh Chandra, Managing … Read more
Specialty chemicals company LANXESS has announced that it has completed the expansion of its Rhenodiv production line in Jhagadia, Gujarat. The company said that the increased capacity of Rhein Chemie business unit will meet the demand of the Indian Sub-continent and the Asian tire and rubber goods markets. Commenting on the development, Matthias Zachert, CEO … Read more
Uttar Pradesh recorded the highest number of vehicle sales in October-December 2023, followed by Maharashtra, Gujarat and Tamil Nadu, according to Society of Indian Automobile Manufacturers. As per data from Society of Indian Automobile Manufacturers (SIAM), Uttar Pradesh clocked a total sales of 8,22,472 units across passenger and commercial vehicles; and two and three-wheeler categories. … Read more
After the presentation of Union Budget 2024 by Finance Minister Nirmala Sitharaman, it is now time for state budgets. The first to announce is Gujarat, which is presenting its budget for the fiscal year 2024-25 today. Gujarat Finance Minister Kanu Desai is presenting the budget for the next fiscal year today. He mentioned that the … Read more
