Page 43 - Gujarat

Mandaviya meets WHO chief on sidelines of G20 Health Ministers meeting

Tedros, who arrived in India on Wednesday, visited the wellness and health centre in Adraj-Gandhinagar, appreciating the arrangements there

PM Modi greets WHO DG ahead of global summit on traditional medicine

World Health Organisation's Director General Tedros Adhanom Ghebreyesus arrived in Gujarat on Wednesday to attend a global summit on traditional medicine and was accorded a warm welcome. The Ayush Ministry shared a video of him joining a 'dandia' event which was held to greet him. Reacting to the video, Prime Minister Narendra Modi said, "My good friend Tulsi Bhai is clearly well prepared for Navratri! Welcome to India, @DrTedros." Dandia, a traditional dance form, is held during Navratri celebrations in Gujarat. Modi had on an earlier occasion addressed him endearingly with 'Tulsi Bhai'. "Delighted to be in India for the WHO Traditional Medicine Global Summit, the Ministerial Meeting on Ending TB in WHO South East Asia and the G20 Health Ministers Meeting. Namaste India," the director general posted on X.

CCEA approves 7 multi-tracking projects to increase railway network

The Cabinet Committee on Economic Affairs on Wednesday approved seven multi-tracking projects of Indian Railways at an estimated cost of around Rs 32,500 crore, Union minister Ashwini Vaishnaw said. The proposed projects will help increase the existing line capacity, smoothen train operations, reduce congestion and facilitate ease of travelling and transportation. The projects covering 35 districts in nine states -- Uttar Pradesh, Bihar, Telangana, Andhra Pradesh, Maharashtra, Gujarat, Odisha, Jharkhand and West Bengal -- will increase the existing network of Indian Railways by 2,339 km.

FinMin to hold Chintan Shivir in Gujarat, discusses roadmap for India 2047

The finance ministry will organise a two-day Chintan Shivir in Gujarat starting from August 20 to discuss various issues, including the roadmap for India to become a developed nation by 2047, officials said on Monday. Secretaries and senior officials from the six departments in the finance ministry and the corporate affairs ministry will attend the two-day session that will be held at Kevadia. Finance minister Nirmala Sitharaman will address the meeting on August 21. The Chintan Shivir, which is being held days before the G20 Leaders' Summit, will also see separate sessions on various agenda being pursued under India's Presidency. India is currently holding G20 Presidency and the Summit meeting is scheduled to be held on September 9-10 in the national capital. Prime Minister Narendra Modi has given a clarion call to make India a developed country by 2047 -- the 100th year of its independence. In the nine years of the Modi government, the Indian economy has moved from being the te

WHO-organised global summit on traditional medicines in Guj on Aug 17-18

A first-of-its-kind global summit on traditional medicines, organised by the WHO in Gujarat on August 17-18, will serve as a platform for experts to delve into the latest scientific advancements in the sector with the ultimate goal of ensuring health for all, a minister said on Monday. The summit at the Mahatma Mandir Convention Centre in Gandhinagar is co-hosted by the Ministry of Ayush. Union Minister of State for Ayush Munjpara Mahendrabhai Kalubhai said the meet will take into account the vast experience and expertise of the country and serve as a platform for experts and practitioners to delve into the latest scientific advancements and evidence-based knowledge in the sector, with the ultimate goal of ensuring health and well-being for all. Speaking about the event at a press conference jointly organised by the Ministry of Ayush and the World Health Organization (WHO), the minister said the summit's outcome will be a declaration, which will assist WHO in shaping the future of i

Hi-Tech Pipes Q1 net profit grows around 80% to Rs 8 cr, revenue up 24%

Hi-Tech Pipes has reported around an 80 per cent rise in its net profit to Rs 8.02 crore during the quarter ended June 30, mainly due to higher revenues. It had clocked Rs 4.48 crore net profit during the April-June period of the preceding 2022-23 fiscal, the company said in a statement on Monday. The company's revenue from operations also rose 24 per cent to Rs 642.17 crore in Q1 FY24 from Rs 516.17 crore in the year-ago quarter. Its total sales volumes increased to 84.5 thousand tonnes over 70 thousand tonnes in Q1FY23. "The company has registered sales volume growth of 21 per cent. This volume growth has been majorly contributed by increased sales of value-added products like GP coils, colour-coated coils and sheets. The company is well positioned in this market segment," Ajay Kumar Bansal, Chairman and Managing Director, Hi-Tech Pipes, said. On business updates, he said the greenfield facility of large diameter pipes at Makhiyav, Sanand in Gujarat, is expected to start commerc

Home Minister Amit Shah flags off 'Tiranga Yatra' in Gujarat's Ahmedabad

A fervour of patriotism and nationalism was witnessed during the massive Tiranga Rally

Gujarat minister writes to Rajasthan govt over its plans to build two dams

Amid a row over reports suggesting that Congress-ruled Rajasthan is planning to build two dams upstream of the Dharoi dam, the Gujarat government has registered its protests saying the project would violate a water-sharing agreement. Gujarat Water Resources Minister Kunvarji Bavaliya told reporters on Friday he has written to the Rajasthan government over its plans to build dams on Sabarmati and Sei rivers near the border of both states. Concerns have been expressed that if such a plan is implemented, the Dharoi dam won't get any water. According to Bavaliya, Rajasthan should adhere to the water-sharing agreement signed when Dharoi dam on Sabarmati river was built in Mehsana district of Gujarat over 40 years ago. While Sabarmati river originates from Rajasthan, Sei river is a tributary which eventually merges with Sabarmati before it enters north Gujarat, where Dharoi dam is situated. Water should be distributed as per the water treaty signed by both states in the past, said the ..

DFPCL to invest Rs 1,950 cr to expand Gujarat plant's nitric acid capacity

Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) on Thursday said it will expand the Nitric Acid capacity at Dahej, in Gujarat at a cost of Rs 1,950 crore. The Board has approved a proposal to set up a Weak Nitric Acid (WNA) plant with a capacity of 300 kilo tonnes per annum (KTPA) and two Concentrated Nitric Acid (CNA) plants with a total capacity of 150 KTPA, a statement said. The company said the new plants will be set up within the existing Nitric Acid complex of DFPCL Dahej in Gujarat as adequate land is available for the proposed construction. "The total project cost is estimated to be approximately Rs 1,950 crore including pre-operative expenses, contingencies, and finance cost during the construction period," it said. The company will be implementing state of the art technology from leading global technology providers for the brownfield expansion. The production will commence tentatively in the second half of 2025-26, it added. "The proposed expansion of our .

Court reserves order on summons to Tejashwi Yadav in defamation case

A metropolitan court in Ahmedabad has reserved its order for the last week of this month on the issuance of summons to Bihar Deputy Chief Minister Tejashwi Yadav in a criminal defamation case over his remarks only Gujaratis can be thugs. The court of Additional Metropolitan Magistrate DJ Parmar said on Tuesday it will pass an order on August 28 on whether to issue summons to Rashtriya Janata Dal (RJD) leader Yadav in a case filed against him under sections 499 and 500 of the Indian Penal Code for criminal defamation. The court reserved its order after concluding the process of inquiry against Yadav under section 202 of the CrPC (Code of Criminal Procedure) to decide whether to issue him the summons on the basis of a complaint filed by one Haresh Mehta, a social worker and businessman from Ahmedabad. Mehta (63) had filed his complaint in the court along with the proof of Yadav's statement made before the media in Patna on March 21. Only Gujaratis can be thugs in the present situatio

Maruti to issue preferential equity shares to Suzuki to buy Gujarat plant

MSIL has a cash balance of about Rs 46,000 crore, so certain proxy advisory firms were expecting a cash deal instead of a share swap deal

Exim Bank launches Finserve at GIFT City to offer trade finance products

Exim Bank on Tuesday said it has launched subsidiary Exim Finserve at the Gujarat International Financial Tec-City (GIFT City) to offer a comprehensive range of trade finance products to Indian exporters. Exim Finserve will provide a combination of three essential services to exporters: receivables financing, coverage of the risk of non-payment and management of accounts receivable, Exim Bank said in a release. Exim Finserve, or India Exim Finserve IFSC Private Limited, will extend a range of trade finance products to Indian exporters, with a primary focus on export factoring, it said. "This would lead to improved cash flow and reduced payment risk for exporters, enabling them to confidently explore new markets and seize growth opportunities. "The factoring services would be particularly beneficial for MSME exporters as it is primarily based on the quality of accounts receivable, rather than collateral," stated the release. The subsidiary of Exim Bank was announced in the Union Bu

Indian Banks' Association constitutes sectoral committee in GIFT City

The Indian Banks' Association (IBA) has constituted a sectoral committee for member banks operating within the Gujarat International Finance Tec-City (GIFT City), the association said on Tuesday. The inaugural meeting of the committee took place in GIFT City on Tuesday. IBA has constituted the Sectoral Committee to address the unique regulatory landscape and challenges faced by banks operating within GIFT City. The committee will act as a bridge between the banking industry and regulators, ensuring that concerns and perspectives are effectively communicated and addressed, a release said. GIFT City currently accommodates 26 banks. Earlier, banks individually took up issues faced by them with the International Financial Services Centre Authority (IFSCA). The establishment of the Sectoral Committee is a pivotal step towards streamlining concerns common to all banks within GIFT City. Sunil Mehta, Chief Executive of IBA, said, the regulatory framework for banks within GIFT City differs

BJP gen secy in Gujarat, Pradeepsinh Vaghela resigns on 'personal grounds'

Pradipsinh Vaghela, one of the four general secretaries of BJP in Gujarat, has resigned on personal grounds, his party colleague said on Saturday and added the resignation has been accepted. BJP general secretary Rajni Patel also said no complaint was received against Vaghela and he remains a party worker. Patel dismissed as "baseless" some reports claiming that Vaghela has been barred from entering the BJP's state headquarters 'Kamalam'. "Pradipsinh Vaghela worked actively as a state general secretary. He resigned due to personal reasons and his resignation has been accepted," Patel said. Vaghela was holding the post of general secretary since 2016 and was the in-charge of the south zone, Ahmedabad city and district, and the state BJP headquarters. The development comes at a time when the Surat crime branch arrested three persons for allegedly circulating a defamatory letter containing accusations against Vaghela and some other leaders.

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Adani group to expand SIL's Sanghipuram port capacity to handle large ships

The Adani group will make investments to expand the captive port capacity of Sanghipuram to handle vessel sizes of 8,000 DWT (deadweight tonnage), said Adani Ports and Special Economic Zones (APSEZ) CEO Karan Adani on Thursday. Adani Group firm Ambuja Cements on Thursday said it will acquire a majority stake in Sanghi Industries Ltd (SIL), one of the leading cement manufacturers from western India, at an enterprise value of Rs 5,000 crore. As per the deal, Ambuja Cements, a part of Adani Cement, which holds the cement business of port-to-power conglomerate Adani group, will acquire 56.74 per cent shares of SIL from its existing promoter group - Ravi Sanghi & family. Sanghi Cement has a manufacturing unit at Sanghipuram in Gujarat's Kutch district, which is also connected with a captive jetty at Sanghipuram. It has a 6.6-MTPA (Million Tonnes per annum) capacity clinker plant and a 6.1-MTPA capacity cement Plant. "We will also invest in deepening and expanding the captive port ...

Cyclone Biparjoy costs Gujarat Rs 1,212.50 cr, says Nityanand Rai

The minister shared the information while giving a written reply to a question asked by Congress leader Shaktisinh Gohil

Parental consent for love marriages: Gujarat CM says, will look into issue

Gujarat Chief Minister Bhupendra Patel said that his government will carry out a study on the proposal "if the Constitution does not become a hindrance"

Setalvad moves Gujarat HC to quash FIR against her in 2002 riots cases

Social activist Teesta Setalvad on Monday moved Gujarat High Court to quash an FIR filed against her by the city crime branch for allegedly fabricating evidence in the 2002 riots cases. A sessions court had recently rejected her discharge plea in the case, even as the Supreme Court granted her bail after the Gujarat High Court denied her relief. She moved a plea for quashing the FIR in the Gujarat High Court and the matter is likely to come up for hearing in a few days. Setalvad and two others former state Director General of Police R B Sreekumar and former Indian Police Service officer Sanjiv Bhatt were arrested by the city crime branch in June 2022 on charges of forgery and fabricating evidence with the intent to implicate Gujarat government functionaries in the 2002 riots cases. An FIR was registered against them after the Supreme Court last month dismissed the plea filed by Zakia Jafri, whose husband and former Congress MP Ehsan Jafri was killed during the riots. Setalvad ha

Maruti Suzuki to acquire Suzuki Motor Gujarat from Japanese parent co

Marut Suzuki India on Monday said its board has approved the acquisition of the entire stake in Suzuki Motor Gujarat from Japan-based parent Suzuki Motor Corporation. Currently, Suzuki Motor Corporation (SMC) owns a 100 per cent stake in Suzuki Motor Gujarat (SMG) which supplies its entire production to Maruti Suzuki. Maruti Suzuki board in its meeting held on Monday approved the termination of the contract manufacturing agreement with SMG, the auto major said in a regulatory filing. The company's board also approved to exercise the option to acquire SMG stake from SMC subject to all legal and regulatory compliances including minority shareholders' approval. The auto major expects to complete the transaction by March 31, 2024. It noted that the mode of acquisition including consideration to be paid to SMC shall be decided in a subsequent board meeting. With the growth of the Indian car market and export potential, Maruti Suzuki would need to increase its production capacity to ab