15 PSUs of Gujarat made loss of Rs 2540 crore in last three years according to CAG Audit report of 2008-09. The highest loss was registered by Gujarat State Finance Corporation. This PSU has been shut down and now works only for recovery. The second most loss making PSU is Gujarat Energy Development Authority(GEDA) with... »

Gujarat based Self Employed Women’s Association(SEWA) is all set to bring the products of Gujarat’s rural artisans to USA and UK through a fashion show. The organization has decided to make a foray in the high-end international market. SEWA is planning to put on display its Hansiba brand creations in a US city in July... »

Welspun-Gujarat Stahl Rohren Ltd, the second largest pipe manufacture in the world, has appointed Lauri Malkki as its CEO. Prior to joining Welspun, he was the MD of Europipe GmbH in Germany, responsible for glogal sales. Malkki has over 30 years experience with the international steel and pipe industries. He was head of the... »

The Gujarat government has admitted in the state assembly that it has failed to recover even a single rupee from 27 lease-holders who have been given notice for illegal mining, transportation and selling of limestone. The total dues that include penalty come to a staggering Rs545.86 crore. In a written reply to a question... »

Gujarat leader of Opposition Shaktisinh Gohil targeted the state government once again during the debate on the revenue department’s demands on the issue of land given to Adani Group at Mundra. Gohil alleged that 3,15,49,000 sq m of land around Shekhadia village in Mundra taluka of Kutch was sold at the rate of Rs8... »

The city of Ahmedabad will host a four-day Kesar Mango Festival in May this year. The festival will be organized in Drive-In road area in the city where visitors would be able to buy mango from about 35 to 40 stalls directly run by farmers of Gujarat’s Junagadh area that represents the brand Kesar mango. The... »

Punjab based Deepak Loomba’s firm De Core Nanosemiconductor is setting up India’s first semiconductor chips plant for light emitting diode (LED) lamps, at Gandhinagar in Gujarat. The foundation stone of the four-acre Gandhinagar unit was laid on Wednesday in GIDC Electronic SEZ. The unit will be further expanded to 6 acres in future. The company... »

By Japan K Pathak Mukesh Ambani’s Reliance Industries Limited(RIL) will open two new Reliance Timeout stores and one Reliance Digital store in Ahmedabad this month according to sources. While one Reliance Timeout store will come up in Judges Bungalow area, the other would be opened on the second floor of Reliance Mart located at Iskon mall... »

Fortune Park Hotels Ltd, a wholly owned subsidiary of ITC Ltd, has launched Fortune Inn Haveli in Gandhinagar, Gujarat. Fortune Inn Haveli is owned by Major Vinod Joshi, Chairman and Managing Director, Gandhinagar Hotels Limited. The property has 84 rooms including 56 Standard Rooms, 14 Fortune Club Rooms and 14 Suites. Besides, it has north... »

Total 54 project worth Rs 2500 crore investment that were announced in Vibrant Gujarat Global Investors Summit 2009 were dropped in last one year, the government said in Gujarat assembly session. Of these 54 projects, four are major one and 50 are small and medium scale projects. The Commerce Minister in his written reply to... »