Page 7 - Ahmedabad

Colliers to construct Infibeam Avenues' $10 mn AI, tech hub in Ahmedabad

The AI hub will be established within GIFT City, Gujarat, with the Ahmedabad campus serving as an extension, slated to be operational within 18 months

Hindenburg report anniversary: We have emerged stronger, says Gautam Adani

A year after a damning report by a US short seller ripped through his apples-to-airport conglomerate, billionaire Gautam Adani on Thursday said the "trials and tribulations" of the past year have made the Adani group stronger as it continued on growth path, improving asset base and launching key projects, including the Dharavi redevelopment. In a column in a leading newspaper, he said the Adani group raised Rs 40,000 crore of equity -- equal to debt repayment for the next two years -- through stake sales in some firms, repaid Rs 17,500 crore of margin-linked financing, and trimmed debt. Sustained focus on operations yielded the highest-ever quarterly profit in the second quarter of current fiscal, he said. Most of the listed group companies have recouped losses induced by the Hindenburg report. "We remained committed to maintaining our growth momentum. The Group continued its investments, evidenced by our asset base growth to Rs 4.5 lakh crore," he said. "This period (of last one

Kai po che: All you need to know about ongoing Ahmedabad Kite festival 2024

A total of 153 kite flyers from 55 nations around the world, 68 national kite flyers from 12 Indian states, and 865 kite flyers from 23 Gujarat cities are taking part in Ahmedabad Kite festival 2024

After world's largest office, Gujarat to host India's 'biggest mall'

The Lulu Group will begin the construction of the mall in Ahmedabad this year. Branded as India's largest, it will cost Rs 3,000 crore, according the officials

UP to get 5 more airports: Scindia after flagging off Ayodhya-A'bad flight

Uttar Pradesh will have five more airports in the next one month that will take the total number of airports in the state to 19, Union Civil Aviation Minister Jyotiraditya Scindia said on Thursday as he flagged off direct flight from Ayodhya to Ahmedabad. The Maharishi Valmiki International Airport in Ayodhya was inaugurated by Prime Minister Narendra Modi on December 30. Scindia said that five new airports will be inaugurated in Uttar Pradesh in one month. The airports will be at Azamgarh, Aligarh, Moradabad, Chitrakoot and Shravasti, taking the total number of airports in the state to 19. IndiGo, which has started services between Ayodhya and Delhi from January 11, will operate flights between Ayodhya and Ahmedabad thrice a week. The carrier will commence operations on the Mumbai-Ayodhya route from January 15. Scindia flagged off the flight from Ayodhya to Ahmedabad virtually from the national capital. Uttar Pradesh Chief Minister Yogi Adityanath, the state's Tourism and Culture

Ram Mandir: Aviation minister flags off Ahmedabad-Ayodhya direct flight

Indigo will operate on the Ahmedabad - Ayodhya route, thrice a week, Thursday onwards

100% land acquisition completed for Mumbai-Ahmedabad bullet train: NHSRCL

The National High-Speed Rail Corporation Limited (NHSRCL) on Monday said it has completed 100 per cent land acquisition for the Mumbai-Ahmedabad Rail Corridor, popularly known as the bullet train project, across Gujarat, Maharashtra and Dadra and Nagar Haveli. Railways Minister Ashwini Vaishnaw also shared the status of land acquisition on X, saying the entire 1389.49 hectares of land required for the project has been acquired. The high-speed rail line is being built between Mumbai and Ahmedabad. The NHSRCL, in a release, said that all civil contracts for the project were awarded for Gujarat and Maharashtra, while 120.4 km of girders had been launched and 271 km of pier casting completed. "The laying of the first reinforced concrete (RC) track bed for the MAHSR corridor track system, as used in Japanese Shinkansen, has started in Surat and Anand. This is for the first time the J-slab ballastless track system is being used in India," the release stated. The NHSRCL said it has achie

PMO imposter case: CBI files charge sheet against Ahmedabad-based person

The CBI has filed a charge sheet against Ahmedabad-based Maayank Tiwari who allegedly posed as a high-ranking official of the Prime Minister's Office to force an eye hospital chain to forfeit more than Rs 16 crore owed to it by an Indore-based hospital under a legal dispute, according to officials. After a nearly three-month-long probe, the CBI filed the first charge sheet in the case in a special CBI court here. In October, the agency had carried out searches at several locations, including Ahmedabad and Indore, during which a number of documents were seized. Tiwari had allegedly called and sent messages from his mobile phone, asking the promoters of Dr Agarwal's - a chain of eye hospitals - to settle a dispute with the hospital in Indore, which allegedly had to return Rs 16 crore to the hospital chain, according to the charge sheet. It is alleged that Dr Agarwal's had entered an agreement with two doctors who ran the Indore-based hospital to join the franchise for which over Rs 1

Gujarat's semiconductor policy setting stage in technology world: CM Patel

The 'Gujarat Semiconductor Policy' will help realise the state's commitment for a self-reliant India and Gujarat, Chief Minister Bhupendra Patel has said. The policy is setting the stage for a future in the world of technology and manufacturing, and helping Gujarat transform itself into a semiconductor powerhouse, he said. According to the state government, chip maker Micron Technology's decision to set up a USD 2.75-billion plant at Sanand near Ahmedabad indicates that Gujarat's dedicated semiconductor policy is bearing fruit and attracting global players. Under the policy, the state government will set up 'Dholera Semicon City' near Ahmedabad where eligible projects will be given subsidies for setting up manufacturing units, it said ahead of the Vibrant Gujarat Global Summit (VGGS) to be held in Gandhinagar next month. The summit is a forum for business networking, knowledge sharing and strategic partnerships for inclusive growth and sustainable development. In June this year, t

India's Olympic bid: Gujarat's Sardar Patel complex to be venue, says Shah

Union Home Minister Amit Shah on Sunday expressed hope the 2036 Olympics will be held in the Sardar Patel complex coming up close to the imposing Narendra Modi cricket stadium here. In October, Prime Minister Narendra Modi had said during an event in Mumbai that the country would submit a bid to host the Olympics that year. The Gujarat government has engaged the services of some of the finest firms to create sports infrastructure to ensure it can host the event. Speaking at the inauguration of the Sansad Khel Pratiyogita, a sports event organised in his Gandhinagar Lok Sabha constituency, Shah said Modi had asked all MPs to promote sports in their areas. "This competition will last for one-and-half months. I will join you after the finals. Sports brings out sportsmanship in us. It is important to lose with grace and have a winning habit. Those who play badly in sports or politics are said to be lacking in sportsmanship," Shah said. Gujarat has the world's biggest cricket arena in t

Zydus Lifesciences gets six observations from USFDA for API plant

Zydus Lifesciences on Friday said the US health regulator has issued six observations after inspecting its active pharmaceutical ingredient (API) site in Ahmedabad, Gujarat. The US Food and Drug Administration (USFDA) conducted the inspection from December 14 to December 22, 2023. The inspection closed with six observations, Zydus Lifesciences said in a regulatory filing. There were no data integrity related observations, it added. Besides, there are no repeat observations from the previous inspection, it noted. There are four drug master files (DMFs) from the site under approval with the USFDA, the drugmaker said. The company will closely work with the USFDA to address the observations, it added.

147 MoUs worth over Rs 2 trn signed so far at Vibrant Gujarat Summit

Leading up to the Vibrant Gujarat Global Summit 2024 scheduled for January 2024, as many as 147 MoUs have been signed, projecting potential investments worth Rs 2.91 lakh crore in the initial phase

RBZ Jewellers IPO to open on Tuesday with price set at Rs 95-100 per share

RBZ Jewellers on Monday said it has fixed a price band of Rs 95-100 per share for its initial share sale that will open for public subscription on December 19. The three-day Initial Public Offering (IPO) will conclude on December 21, the company said in a statement. The IPO is entirely a fresh issue of 1 crore equity shares with no offer for sale (OFS) component. The Ahmedabad-based B2B and retail jewellery firm would raise Rs 100 crore through the issue at the upper end of the price band. Proceeds from the issue will be utilised for funding the working capital requirements of the company and for general corporate purposes. The company's revenue from operations rose 14 per cent to Rs 289.6 crore in fiscal 2023 from Rs 252.5 crore in fiscal 2022. Besides, profit after tax surged 55 per cent to Rs 22.43 crore in fiscal 2023 from Rs 14.48 crore in the preceding financial year. Arihant Capital Markets Ltd is the sole book-running lead manager to the issue. The equity shares are propo

Gujarat's dedicated semiconductor policy drawing global players, says govt

Chip maker Micron Technology's decision to set up a $2.75-billion plant at Sanand near Ahmedabad indicates that Gujarat's dedicated semiconductor policy is bearing fruit and attracting global players, the state government has said. Gujarat had in July last year announced a dedicated policy to draw new investments in the semiconductor sector by offering incentives and subsidies to start operations in the state. The Gujarat Semiconductor Policy', unveiled by Chief Minister Bhupendra Patel, will remain in force till 2027. The policy has been designed in line with the Centre's India Semiconductor Mission' to attract and facilitate new projects in the sector, the government said in a release. Under the policy, the state government will set up Dholera Semicon City' near Ahmedabad where eligible projects will be given subsidies for setting up manufacturing units, it said ahead of the state's Vibrant Gujarat Global Investor Summit next month. At the facility, eligible projects will be give

PKL 2023: Gujarat Giants full players list, price and live stream details

Gujarat Giants, runner-ups of the 2017 and 2018 seasons and playoff entrants of the 2021-22 season will be eying their first-ever title in the 2023-24 season

Maha-Guj bullet train: 100 km of viaducts, 230 km pier work completed

The National High Speed Rail Corporation Limited building the Mumbai-Ahmedabad bullet train corridor said on Thursday that 100 kilometres of viaducts and 230 kilometres of pier work had been completed for the ambitious project. The milestone of construction of 100 km of viaducts has been achieved through launching of 40-metre long 'full span box girders' and 'segmental girders', the NHSRCL said. Railway Minister Ashwini Vaishnaw uploaded a video on X, formerly Twitter, to inform about the feat. According to NHSRCL, the viaducts include bridges over six Gujarat rivers, namely Par and Auranga in Valsad district, as well as Purna, Mindhola, Ambika and Venganiya in Navsari district. "The first girder of the project was launched on November 25, 2021, while the first kilometer of viaduct was ready in six months on June 30, 2022. It achieved construction of 50 kilometres of viaduct on April 22, 2023 and, thereafter, in six months 100 kilometers of viaduct were completed," the NHSRCL ...

Case registered against man who entered field during India-Aus WC final

"The accused described himself as a big fan of Virat Kohli and had come to watch the match and being a fan of Kohli, he crossed the railing and went into the ground," Ahmedabad Police said

LIVE: Rahul visits Congress war room to oversee preparations for Raj polls

Catch all the latest updates from across the globe here

IND-AUS highlights World Cup Final: Head's 137 helps Aussies lift 6th title

India's dreams of winning a third World Cup title lay in tatters after an inexplicable meltdown saw them crash to a six-wicket defeat against an indefatigable Australia

IND vs AUS Final: Ahmedabad pitch in controversy as Aussies raise concern

The issue involves watering on the wicket, which has not been extensive and some patches have been watered less than expected