Israel’s India based consulate Mr. Mark Sofer today called on Gujarat... »
Gujarat
RBI suspends Vadodara based Asia’s oldest cooperative bank’s license
Reserve Bank of India has suspended the license of Asia’s oldest Cooperative bank: Anyonya Co-operative Bank Limited (ACBL) Vadodara(Gujarat) for six months after examining all options for their revival. RBI has also ordered to stop all transactions. The Reserve Bank of India ordered the bank to stop most of its operations under Section 35A... »
Ahmedabad’s old Shiv talkies relaunched as Shiv-Cinemax multiplex
Mumbai-based Cinemax India has launched a three-screen multiplex named ‘Shiv-Cinemax’ on Ahmedabad’s Ashram road on the auspicious occasion of Janmashthami, with screening of block buster movies like “We are Family” and “Emotional Atyachar.” Shiv, a landmark property on Ashram Road, was single screen theatre closed for some years due to advent of multiplexes in the... »
LIC says it has invested Rs 19,452 crore in Gujarat
Life Insurance Corporation of India (LIC) has invested close to Rs 19,452 crore in Gujarat, which is fast emerging as a favourite investment destination for the government-owned insurance giant. “The corporation has invested Rs 19,452 crore in Gujarat till March 31, 2010. Of this, Rs 5,488-crore investment was done in the... »
Israel cosulate visits Gujarat CM
Israel’s India based consulate Mr. Mark Sofer today called on Gujarat Chief Minister Shri Narendra Modi in capital Gandhinagar and expressed interest in extending cooperation of Israeli companies to Gujarat’s manufacturing sector. Chief Minister Modi invited Mr. Sofer an senior delegation of Israel to participate in Vibrant Gujarat summit 2011. »
Adani’s Dahej solid cargo port begins operation
Adani group firm Mundra Port has commenced operations at its 20-million tonnes port at Dahej in Gujarat, the company said today. The port will cost a total of Rs 1,150 crore, almost half of which has already been infused. “Mundra Port and Special Economic Zone (MPSEZ) announces commencement of operations of the dry bulk cargo port... »
Ras Al Khaimah Free Trade Zone to hold business meet in Ahmedabad
Trade officials from Ras Al Khaimah Free Trade Zone (RAK FTZ), a world class business hub 45 minutes from Dubai, will be visiting Ahmedabad next week to identify potential investors, particularly from among the SME sector to explain how, with an initial investment of only INR 2.3 Lakhs, they can set up an office... »
Aircel launches GSM mobile service in Gujarat
Aircel, the fifth largest service provider in India, launched its GSM (Global System for Mobile) mobile services in Gujarat and became the ninth GSM provider in the state. The company roped in Bollywood actress Prachi Desai to launch its services, who was exited about “Pocket Internet” facility of Aircel. Gujarat, with population of more than 6... »
Gujarat Pipavav Port IPO subscribed nearly 19 times
The Rs 500 crore public issue of Gujarat Pipavav Port (GPPL) has received overwhelming response from investors. The issue, which closed today, has been subscribed 18.67 times, as per the NSE website. Qualified institutional investors’ portion closed on Wednesday, which got subscribed 13.2 times. Till August 25, non-institutional and retail investors subscribed 1.2 times &... »
TTF 2010 concludes in Ahmedabad
Travel and Tourism Fair(TTF) has now become yearly feature in Ahmedabad. As Gujaratis are known for their huge spending in tourist activities, the state is lucrative place for anyone offering good tourism deal. Therefore this time, there were 350 stalls in TTF, and 27 states were officially participating. Ahmedabad’s new Gujarat University indoor AC hall has... »
Chintan Parikh is new GCCI President, Mahendra Patel, Prakash Bhagawati Vice President
Chintan Parikh, Chairman and CEO of Ashima ltd is new President of Gujarat Chamber of Commerce and Industry(GCCI). Parikh was appointed today by High Power Committee of GCCI. Leading industrialist of Gujarat, Parikh is IIM Ahmedabad alumni and board member. He is known in Ahmedabad for his public service works including redevelopment and upkeeping of... »