Page 5 - Ahmedabad

Godrej Properties acquires land in Ahmedabad for residential project

Project's estimated booking value is about Rs 1,300 crore

Godrej acquires 3-acre land in Ahmedabad for Rs 1,300 cr housing project

Realty firm Godrej Properties Ltd (GPL) has acquired around 3 acres of land in Vastrapur, Ahmedabad to develop a housing project having an estimated sales of Rs 1,300 crore. The company did not disclose the deal value and the name of the seller. "The development on this land is estimated to have a potential of ~0.9 million square feet of saleable area comprising primarily of premium residential apartments of various configurations with an estimated booking value of about Rs 1,300 crore," Godrej Properties said in a regulatory filing. Gaurav Pandey, MD & CEO, Godrej Properties, said, "We are happy to add our second project in Ahmedabad. This will further strengthen our presence in Ahmedabad and complement our strategy of deepening our presence in key micro-markets across India's leading cities." Earlier this month, Godrej Properties won bids to acquire 3 adjoining plots totalling 6.5 acres in Mumbai Metropolitan Region (MMR) to develop a housing project with a revenue potential of .

IndiGo's Mumbai-Delhi flight diverted to Ahmedabad after bomb threat

A Delhi-bound IndiGo aircraft from Mumbai was diverted to Ahmedabad after receiving a bomb threat, which later turned out to be a hoax, an official said on Wednesday. Soon after the flight took-off from Mumbai on Tuesday night, an unidentified person, through a tweet, claimed a bomb had been placed in the aircraft which was carrying nearly 200 passengers and crew, the official from the Sardar Vallabhbhai Patel International Airport here said. After being alerted by the Mumbai ATC, the pilots decided to make an emergency landing at Ahmedabad airport, which was the closest airport when the flight was en-route to Delhi, said the official. "After landing here during midnight, the aircraft, carrying nearly 200 passengers and crew, was thoroughly checked by the security agencies overnight. However, nothing suspicious was found. The flight took-off for Delhi at around 8 am today morning after getting a green signal from the security personnel," the official said. Several flights have ...

Preserving heritage: PM Modi invites ideas for Lothal's maritime complex

The National Maritime Heritage Complex will revive ancient Lothal as a mini-replica of the historic dock city. At the heart of this complex will be an iconic 77-metre lighthouse museum

Fake notes with Anupam Kher's pic instead of Gandhi dupes firm of Rs 1.6 cr

The fake currency used to dupe the owner of a Ahmedabad-based bullion firm used misspelled Reserve Bank of India as 'Resole Bank of India'

Anant Mukesh Ambani, BP CEO open Jio-bp's 500th EV-charging station

Anant Mukesh Ambani, Director, Reliance Industries Limited (RIL) and Murray Auchincloss, CEO, bp, on Thursday inaugurated the 500th Jio-bp pulse EV-charging station of Jio-bp. Jio-bp is a fuels and mobility joint venture between RIL and global energy giant BP. "The commissioning of the EV-charging station enables access for guests at the Nita Mukesh Ambani Cultural Centre, Jio World Plaza and Jio World Convention Centre in Bandra Kurla Complex (BKC), Mumbai, marking the installation of the 500th Jio-bp pulse charging point in India," a company statement said. Jio-bp has expanded its network of EV-charging stations at a rapid pace, growing from 1,300 to 5,000 in just a year. With 95 per cent of its EV-charging network comprising fast charging stations -- the highest in the industry -- the company is poised to deliver high speed electrons with unmatched industry-leading uptime of 96 per cent, establishing itself as the country's most reliable charging network, it said. Jio-bp is als

'Not far from sending astronauts to moon': Scientists after Chandrayaan 4

Responding to the Union cabinet's nod to India's fourth lunar mission, the Indian scientific community said that the country is not far from sending a 'cosmonaut' to the moon.Speaking to ANI, the former director of the Space Applications Centre, Ahmedabad Center, Tapan Misra, said, "We should be able to land a lander there and collect stones and lunar soil and bring it back to the orbiter, and with this orbiter, we should come back and land safely and retribute. This is the very first step towards sending an Indian cosmonaut to the Moon. We will not be far from sending a cosmonaut to the moon."He further said, "The Govt of India has approved 3 programmes and one of them is Chandrayaan 4. We are happy that Chandrayaan 3 landed there...we demonstrated 2 critical technologies, we can send something to the moon and bring it back, and we can fire a rocket after landing and waiting for 14 days, it's a major development."Describing the Chandrayaan 4 mission, RC Kapoor, Astronomer & ...

PM Modi launches Phase II of Ahmedabad-Gandhinagar metro: Stations, fares

The metro extension adds eight stations spanning 21 kilometres with ticket price set at Rs 35

Bhuj-Ahmedabad Vande Metro has been renamed to Namo Bharat Rapid Rail

The Railway Ministry has renamed the Bhuj-Ahmedabad Vande Metro to Namo Bharat Rapid Rail hours before its inaugural run on Monday, according to a spokesperson. The service will be flagged off from the Bhuj railway station at 4:15 pm virtually by Prime Minister Narendra Modi who will be present in Ahmedabad, he said. The Rapid Rail, which aims to enhance intercity connectivity, will cover 359 km distance from Bhuj to Ahmedabad in 5:45 hours. In between, the train will stop at nine stations. For the public, the regular service will start on September 17 from Ahmedabad. The total journey will cost Rs 455. "The ministry has decided to rename Vande Metro to Namo Bharat Rapid Rail," the Railway spokesperson said. According to the Railway Ministry, while the other metros cover only short distances, Namo Bharat trains will connect the heart of Ahmedabad with its peripheral cities. Featuring 12 coaches with seating for 1,150 passengers, the Rapid Rail offers a host of innovative features

PM Modi to visit Jharkhand, Gujarat & Odisha for key development projects

In Jharkhand, PM Modi will flag off Tatanagar-Patna Vande Bharat train; in Gujarat, he will inaugurate Ahmedabad Metro Rail Project; and in Odisha, he will lay foundation stone for various projects

Adani Green redeems $750 mn bonds eight months ahead of redemption date

Adani Green Energy Ltd (AGEL), the renewable energy arm of the ports-to power conglomerate run by billionaire Gautam Adani, on Monday said it has redeemed USD 750 million worth of bonds as it deleverages business. In a statement, the firm said it has completed "redemption of all outstanding USD 750 million 4.375 per cent Holdco Notes due on September 8, 2024." The move is in step with its January announcement of a plan to redeem the USD 750 million worth of notes, eight months ahead of the redemption date. Issued in September 2021, the three-year Holdco Notes supported AGEL's high-growth objectives. During the period, AGEL's capacity has increased more than three-fold - from 3.5 gigawatt (GW) to 11.2 GW, registering a CAGR (compounded annual growth rate) of 48 per cent. The company had in January stated it would pay USD 169 million from its reserves and internal accruals, and USD 300 million from the consideration from a joint venture with TotalEnergies Renewables. The remaining US

1,200 Ahmedabad civil hospital doctors go on strike over stipend hike

Around 1,200 resident doctors of Ahmedabad Civil Hospital in Gujarat went on an indefinite strike on Monday seeking a hike in stipend. Services were affected despite authorities making alternate arrangements in view of the strike, with patients and kin complaining of long wait at the Aswara-based facility, which is attached to BJ Medical College and is the largest in the state. As per resident doctors, they will stay away from all duties, including trauma care, emergency and outpatient department (OPD) services as part of the strike until an amicable solution is found. "The state health department had agreed to increasing stipend by 40 per cent every three years. This hike was supposed to come into effect from April 1. It was, however, not implemented till July after which we met state health minister Rushikesh Patel. We had postponed our stir then after getting an assurance about its implementation," said Dr Dhaval Gameti, president of the Junior Doctors' Association of BJ Medical

Kingpin of Rs 2.2K cr gambling racket held in UAE, brought back to Gujarat

In a coordinated effort, the Central Bureau of Investigation (CBI), Gujarat police and Interpol NCB-Abu Dhabi on Sunday brought back the alleged kingpin of an over Rs 2,273 crore gambling racket apprehended in the UAE, an official said. A Red Notice was issued against the accused, Dipakkumar Dhirajlal Thakkar, wanted by the Gujarat police for cases of criminal breach of trust, cheating, forgery, criminal conspiracy, causing disappearance of evidence and offences under the Information Technology Act and Prevention of Gambling Act, the CBI said in a statement. Thakkar is an accused in a criminal case registered on March 25, 2023, at Madhavpura police station, Ahmedabad, for operating an international gambling racket. According to the CBI, he is allegedly a kingpin of an international illegal criminal gambling racket, operating through special software applications and using hawala channels for the dispersal of proceeds of crime reported to be more than Rs 2,273 crore. The probe agenc

'Plant trees': Shah launches Rs 1,003 cr development projects in Ahmedabad

Union Home Minister Amit Shah on Sunday launched development projects costing Rs 1,003 crore in Gujarat's Ahmedabad city and appealed to the people to join the nation-wide tree plantation campaign to protect the environment. Highlighting the importance of trees to protect the environment and the ozone layer, Shah said the Ahmedabad Municipal Corporation (AMC) has taken the pledge to plant 30 lakh trees in 100 days for the coming generation, and he is closely associated with the campaign. "This is a beautiful campaign, and it is a big thing that a municipal corporation will plant 30 lakh trees. But I would like to ask the citizens of Ahmedabad as to what will be your contribution?" he said. Shah said the people of Ahmedabad should plant at least those many trees as the number of their family members in their residential societies, nearby waste lands, and their children's schools. "Every citizen should make it the aim of their life to take steps to increase oxygen in the environment

Amit Shah to flag off 'Har Ghar Tiranga Yatra' in Ahmedabad on Tuesday

Earlier, Prime Minister Narendra Modi appealed to the citizens to hoist the national flag at their homes as part of the party's 'Har Ghar Tiranga' campaign on the occasion of the Independence Day

Zydus Lifesciences Q1 FY25 results: PAT up 31%, revenue rises 21%

The API business contributed 2 per cent to consolidated revenues, growing 2 per cent Y-o-Y to Rs 141.5 crore

Asian Granito India Q1 results: Sales up 3% to Rs 343 cr, PAT at Rs 30 lakh

Leading luxury surfaces and bathware products manufacturer Asian Granito India turned profitable in the first quarter of 2024-25, reporting a consolidated profit of Rs 30 lakh against a loss of Rs 3.6 crore in the year-ago period. The recovery was led by a 3 per cent increase in its consolidated net sales to Rs 343.2 crore in the April-June quarter of the current fiscal compared to net sales of Rs 334.8 crore in the first quarter of FY24, the company said in a statement. The earnings before interest tax depreciation and amortisation (EBITDA) for the quarter under review stood at Rs 16.1 crore against Rs 9.6 crore in the year-ago period, the company said. Strategic initiatives such as the Morbi expansion, the AGL demerger, focus on retail presence, showroom expansion, among others, demonstrate the company's strong commitment to growth," Asian Granito India Chairman and MD Kamlesh Patel said. The company said it is investing around Rs 73 crore to set up a mega display centre-cum- ..

Ahmedabad continues to be most affordable housing market in India: Report

Pune and Kolkata rank next in Knight Frank India's index, which says Mumbai is 'unaffordable'

Ahmedabad student scores 705/720 in NEET-UG but fails twice in board exams

NEET-UG 2024: A student from Ahmedabad scored 705 out of 720 in NEET-UG but failed both the Gujarat Board exams conducted in March and the supplementary exams held in June-July

Adani Group to commission first phase of $4 bn petchem project by Dec 2026

The Adani Group will commission the first phase of a USD 4 billion PVC project by December 2026, making its foray into the petrochemicals sector that is marked by a mismatch between domestic demand and supply, sources said. Polyvinyl chloride (PVC) - the third-most common synthetic plastic polymer made worldwide - is used to make products such as raincoats, shower curtains, window frames, pipes for indoor plumbing, medical equipment, wire & cable insulation, bottles, credit cards, and flooring. India's annual PVC demand is roughly 4 million tonne but domestic production capacity is only about 1.5 million tonne, resulting in a supply-demand mismatch. With this disparity between domestic output and consumption expected to widen with an increase in consumption, Adani Group is looking to tap into the sector. Adani Enterprises, the group's flagship firm, is setting up a petrochemical cluster in Mundra in Gujarat. Within this cluster, it aims to set up a PVC plant with a capacity of 2 ..