Sectors

RBI suspends Vadodara based Asia’s oldest cooperative bank’s license

Friday, September 3, 2010
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... »

LIC says it has invested Rs 19,452 crore in Gujarat

Wednesday, September 1, 2010
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... »

Chintan Parikh is new GCCI President, Mahendra Patel, Prakash Bhagawati Vice President

Saturday, August 21, 2010
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... »

ABB starts wind power generator plant in Vadodara

Friday, August 20, 2010
ABB starts wind power generator plant in Vadodara

ABB’s fourth factory dedicated to making generators for wind turbines has been inaugurated in Gujarat, as the Swiss engineering firm trains its focus on the ascendant Indian wind market. Located in Vadodara, the plant is capable of churning out 100 generators rated up to 2.5MW each month, and will employ 150 people. Despite the fact that... »

First international road show for Vibrant Gujarat Summit 2011 begins in Taiwan and South Korea

Sunday, August 15, 2010

The first roadshow for marketing of Vibrant Gujarat Global Business Summit 2011 in undergoing at South Korea and Taiwan presently. The roadshow started on 12 August and will continue till 18. The delegation is meetings companies involved in IT-manufacturing, petro chemicals and port, including companies scheduled like Hyundai, Samsung and LG. Gujarat is being promoted in... »

Coming up: Japanese joint venture steel plant of Mitsui - Ruchi Group in Kutch

Friday, August 6, 2010
Coming up: Japanese joint venture steel plant of Mitsui - Ruchi Group in Kutch

According to a news report published in Mint, Japan’s Mitsui is planning a new steel plant in Gujarat with its Indian partner Ruchi Group. The govt of Gujarat has initiated the process of transferring about 950 ha of govt land for this purpose. The company has already acquired about 50 ha of private land... »

Pilot project of internet in train:Howrah-Delhi replaces Mumbai-Ahmedabad Shatabdi Express!

Thursday, July 29, 2010
Pilot project of internet in train:Howrah-Delhi replaces Mumbai-Ahmedabad Shatabdi Express!

Though trial run for provision of Internet facility had been conducted  in Mumbai-Ahmedabad Shatabdi Express, the Indian Railway has decided to introduce pilot project for the same in Delhi-Howrah Rajdhani Express, obviously because the central railway minister Mamata Banerjee is from West Bengal, and she is known for doing much for her state with... »

Google Internet Bus enters Gujarat on two and half months tour

Thursday, July 22, 2010
Google Internet Bus enters Gujarat on two and half months tour

Google’s Internet Bus today arrived in Gujarat. The bus will travel to various cities of Gujarat to make more people aware about internet and its benefits. About 26% people visiting the bus will use internet for the first time in their life through this bus. The bus showcases internet content in both English and Gujarati... »

Gujarat ships first consignment of banana to Africa

Tuesday, July 20, 2010
Gujarat ships first consignment of banana to Africa

Gujarat Agro Industries Corporation(GAIC) exported first consignment of banana to Egypt from Gujarat from its newly commissioned banana pack house facility at Jhgadia in southern Gujarat district of Bharuch. The consignment contained 25 tonnes of banana. Gujarat already exports banana to middle east countries, but Egypt has opened a new African market according to... »

67.29% sowing completed in Gujarat till 19 July: Cotton, Groundnut continue to dominate

Tuesday, July 20, 2010
67.29% sowing completed in Gujarat till 19 July: Cotton, Groundnut continue to dominate

According to Agriculture Minister Dilip Sanghani, on 19 July 2010, Gujarat witnessed 67.29% sowing of Kharif season which comes to 58,52,900 hectare. Cotton and Groundnut continue to dominate, occupying highest area of sowing. The sowing figures released by the minister are following: Paddy - 1,99,300 hectare Bajari - 3,44,500 hectare Juvar - 37,400 hectare Corn - 291800 hectare other... »