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Government launches invoice incentive scheme to improve tax compliance Government on Friday launched the "Mera Bill Mera Adhikaar" invoice incentive scheme, under which consumers will be encouraged to demand a GST invoice to improve tax compliance. "After being introduced on 1st July 2017, Goods and Services Tax #GST has become a gamechanger in India’s indirect tax system. As part of the overall scheme of things in #GST, #Mera_Bill_Mera_Adhikaar Invoice Incentive Scheme has been launched from TODAY to encourage the customers to ...
Government launches invoice incentive scheme to improve tax compliance
Government launches invoice incentive scheme to improve tax compliance
Source: IANS
1/09/2023 1:54:33 PM
Gujarat witnesses 49% surge in crorepati taxpayers Gujarat has witnessed a significant surge of 49 per cent in the number of 'crorepati' taxpayers, individuals declaring an annual income of Rs 1 crore or more, for the assessment year 2022-23, as per the latest data from the Central Board of Direct Taxes (CBDT). Comparatively, the count of individuals with taxable income exceeding Rs 1 crore surged by 4,500, reaching a record-breaking figure of 14,000, as indicated by official statistics, in contrast to the 9,300 individuals in the ...
Gujarat witnesses 49% surge in crorepati taxpayers
Gujarat witnesses 49% surge in crorepati taxpayers
Source: IANS
29/08/2023 2:02:06 PM
Sprayking Agro Equipment shines on bagging purchase order worth Rs 1.50 crore Sprayking Agro Equipment is currently trading at Rs. 201.00, up by 8.00 points or 4.15% from its previous closing of Rs. 193.00 on the BSE. The scrip opened at Rs. 202.65 and has touched a high and low of Rs. 202.65 and Rs. 195.10 respectively. So far 2774 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 209.95 on 10-Aug-2023 and a 52 week low of Rs. 13.56 on 08-Sep-2022. Last one week high and low of the scrip ...
Sprayking Agro Equipment shines on bagging purchase order worth Rs 1.50 crore
Sprayking Agro Equipment shines on bagging purchase order worth Rs 1.50 crore
Source: Accord Fintech
28/08/2023 10:32:46 AM
Dubai`s DP World to invest $510 million in India`s Gujarat state Dubai-owned ports giant DP World will invest around $510 million to build a new container terminal at the Kandla port in the Indian state of Gujarat, its group chairman said on Friday. "It will enable the delivery of trade opportunities by connecting northern, western and central India with global markets," Sultan Ahmed Bin Sulayem, who is also DP World's CEO, said after the signing of an agreement between the Deendayal Port Authority and DP World officials. The Indian gov...
Dubai`s DP World to invest $510 million in India`s Gujarat state
Dubai`s DP World to invest $510 million in India`s Gujarat state
Source: Reuters
26/08/2023 10:29:23 AM
Government to launch `Mera Bill Mera Adhikar` scheme to encourage customers to ask for bills The government in association with state governments is launching an 'Invoice incentive Scheme' by the name 'Mera Bill Mera Adhikaar' to encourage the culture of customers asking for invoices and bills for all purchases. The objective of the scheme is to bring a cultural and behavioural change in the general public to 'Ask for a Bill' as their right and entitlement. The scheme will be launched on September 1. This scheme will initially be launched as a pilot i...
Government to launch `Mera Bill Mera Adhikar` scheme to encourage customers to ask for bills
Government to launch `Mera Bill Mera Adhikar` scheme to encourage customers to ask for bills
Source: IANS
25/08/2023 9:47:02 AM
Top Indian states` spending on social welfare set to touch 10-year high of Rs 4 lakh crore in FY24: Crisil Domestic rating agency Crisil in its latest report has said that top Indian states' spending on social welfare is set to touch a 10-year high of Rs 4 lakh crore, or 1.7 per cent of their combined Gross State Domestic Product (GSDP), in the ongoing fiscal (FY24). After analysing budgets of top 11 states, which account for over three-fourths of the aggregate GSDP, it said the growth in social welfare schemes is expected to clock a 16 per cent jump in compounded annual growth rate between 20...
Top Indian states` spending on social welfare set to touch 10-year high of Rs 4 lakh crore in FY24: Crisil
Top Indian states` spending on social welfare set to touch 10-year high of Rs 4 lakh crore in FY24: Crisil
Source: Accord Fintech
24/08/2023 12:50:52 PM
Gujarat Ambuja Exports zooms on receiving NOC for setting up Greenfield Corn Wet Milling Plant in Gujarat Gujarat Ambuja Exports is currently trading at Rs. 257.90, up by 12.85 points or 5.24% from its previous closing of Rs. 245.05 on the BSE. The scrip opened at Rs. 240.05 and has touched a high and low of Rs. 261.20 and Rs. 240.05 respectively. So far 45070 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 318.55 on 23-Sep-2022 and a 52 week low of Rs. 224.20 on 01-Mar-2023. Last one week high and low of the scrip ...
Gujarat Ambuja Exports zooms on receiving NOC for setting up Greenfield Corn Wet Milling Plant in Gujarat
Gujarat Ambuja Exports zooms on receiving NOC for setting up Greenfield Corn Wet Milling Plant in Gujarat
Source: Accord Fintech
24/08/2023 11:52:09 AM
Nirmala Sitharaman undertakes review of Finance Ministry in Chintan Shivir  Union Finance Minister Nirmala Sitharaman took a review meeting of her Ministry in Gujarat. The meeting on Sunday, which was attended by officials from the Corporate Affairs Department, Income Tax and Ministers of State for Finance Bhagwat Karad and Pankaj Chaudhary, focussed on the role to be played by the Fnance Ministry in the next 24 years leading to 2047. "A free and frank discussion was held with 100+ senior officers of @FinMinIndia and @MCA21India on how to re-orient t...
Nirmala Sitharaman undertakes review of Finance Ministry in Chintan Shivir
Nirmala Sitharaman undertakes review of Finance Ministry in Chintan Shivir
Source: Accord Fintech
21/08/2023 12:44:39 PM
Gujarat Craft Industries jumps on planning to start new unit at North Gujarat Gujarat Craft Industries is currently trading at Rs. 80.70, up by 2.11 points or 2.68% from its previous closing of Rs. 78.59 on the BSE. The scrip opened at Rs. 78.59 and has touched a high and low of Rs. 88.00 and Rs. 78.50 respectively. So far 3413 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 129.40 on 15-Sep-2022 and a 52 week low of Rs. 68.00 on 19-Jun-2023. Last one week high and low of the scrip stood...
Gujarat Craft Industries jumps on planning to start new unit at North Gujarat
Gujarat Craft Industries jumps on planning to start new unit at North Gujarat
Source: Accord Fintech
14/08/2023 12:03:38 PM
Amit Shah to visit Kutch today: Agriculture, border security, 'Transformation@75' in focus Union Home Minister Amit Shah's one-day visit to the border district of Kutch in Gujarat is packed with engagements on Saturday. The minister's itinerary reflects a keen interest in both industrial development and border security in the region. Starting the day, Shah will perform traditional ground-breaking ceremonies and lay foundation stone for the IFFCO Nano DAP (liquid) plant at the IFFCO Kandla Nano DAP unit in Gandhidham. This ceremony marks the official commencement of co...
Amit Shah to visit Kutch today: Agriculture, border security, 'Transformation@75' in focus
Amit Shah to visit Kutch today: Agriculture, border security, 'Transformation@75' in focus
Source: IANS
12/08/2023 11:17:49 AM
Around 15% of unicorn startups have at least one woman founder, says PM Narendra Modi Prime Minister Narendra Modi on Wednesday said that in India around 15 per cent of unicorn startups have at least one woman founder. "In India, about 15 per cent of unicorn startups have at least one woman founder. Our goal should be to create a level platform where women achievers become the norm. At the same time, we need to ensure that the burden of care and domestic work is appropriately addressed," PM Modi said in his virtual address at the G20 ministerial conference on wome...
Around 15% of unicorn startups have at least one woman founder, says PM Narendra Modi
Around 15% of unicorn startups have at least one woman founder, says PM Narendra Modi
Source: IANS
2/08/2023 2:09:41 PM
Maruti Suzuki India to buy out Suzuki Motor Corporation share in Gujarat plant Automobile major Maruti Suzuki India Ltd has decided to acquire Suzuki Motor Gujarat Pvt Ltd (SMG) from its Suzuki Motor Corporation (SMC) for a sum to be arrived at later, a top official said. Briefing reporters about the Board of Directors' decision, Chairman R.C.Bhargava said the SMG was set up as a 100 per cent contract manufacturer for Maruti Suzuki India in Gujarat in 2014. Over the years, the dynamics of the automobile industry has changed with several powertrain technologies...
Maruti Suzuki India to buy out Suzuki Motor Corporation share in Gujarat plant
Maruti Suzuki India to buy out Suzuki Motor Corporation share in Gujarat plant
Source: IANS
31/07/2023 5:39:35 PM
Laxmi Organic Industries climbs on getting nod to set up new manufacturing site in Gujarat Laxmi Organic Industries is currently trading at Rs. 273.70, up by 10.10 points or 3.83% from its previous closing of Rs. 263.60 on the BSE. The scrip opened at Rs. 261.30 and has touched a high and low of Rs. 274.00 and Rs. 257.30 respectively. So far 128336 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 395.90 on 15-Sep-2022 and a 52 week low of Rs. 220.70 on 29-Mar-2023. Last one week high and low of the scr...
Laxmi Organic Industries climbs on getting nod to set up new manufacturing site in Gujarat
Laxmi Organic Industries climbs on getting nod to set up new manufacturing site in Gujarat
Source: Accord Fintech
31/07/2023 12:34:45 PM
Foxconn, chip giants head to PM Narendra Modi's home state for India conference Top executives from Foxconn and semiconductor firms Micron and AMD will this week attend a conference in Prime Minister Narendra Modi's home state, as the government tries to lure investments into India's nascent chip industry. India wants to establish itself as a semiconductor manufacturing hub, rivaling the likes of Taiwan, and the high demand for chips means the local market will be worth $80 billion by 2028, almost four times its $23 billion size now. But Modi's plan has...
Foxconn, chip giants head to PM Narendra Modi's home state for India conference
Foxconn, chip giants head to PM Narendra Modi's home state for India conference
Source: Reuters
26/07/2023 5:06:19 PM
Gujarat Government approves new GIDC estate in Banaskantha Gujarat Industrial Development Corporation (GIDC), an arm of the state government, will set up an industrial estate Mudetha in Banaskantha district as part of its expansion. The state government has sanctioned the allotment of 2.45 lakh square meters of land for the establishment of the GIDC estate in Mudetha, Deesa taluka.  GIDC, a key player since 1962, has already established 239 industrial townships encompassing an 41,000-hectare land, housing over 70,000 plots, and accommodati...
Gujarat Government approves new GIDC estate in Banaskantha
Gujarat Government approves new GIDC estate in Banaskantha
Source: IANS
25/07/2023 5:03:00 PM
PM Narendra Modi to inaugurate Rajkot international airport during Gujarat visit Prime Minister Narendra Modi will inaugurate the Rajkot International Airport at Hirasar during his scheduled two-day visit to Gujarat on July 27 and 28. He had earlier performed the groundbreaking ceremony on October 7, 2017 at Hirasar village, near Chotila. Under PM Gati Shakti Project, the Rajkot International Airport has been constructed at a cost of Rs. 1,405 crores which is positioned approximately 30 km from Rajkot, near NH-27. The airport spans an impressive area of 1025.50 h...
PM Narendra Modi to inaugurate Rajkot international airport during Gujarat visit
PM Narendra Modi to inaugurate Rajkot international airport during Gujarat visit
Source: IANS
24/07/2023 5:31:09 PM
PM Narendra Modi to inaugurate `Semicon India 2023` on July 28 Prime Minister Narendra Modi will inaugurate 'Semicon India 2023' here on July 28.  An official said that 'Semicon India 2023' aims to boost the semiconductor industry's growth by facilitating networking, showcasing technological advancements, and unveiling prospective business opportunities.  The event is projected to play a significant role in molding the future trajectory of the semiconductor industry both in India and Gujarat, with a special emphasis on...
PM Narendra Modi to inaugurate `Semicon India 2023` on July 28
PM Narendra Modi to inaugurate `Semicon India 2023` on July 28
Source: IANS
23/07/2023 5:57:07 PM
India creates 16.30 lakh new jobs in May 2023: EPFO The Retirement fund body, Employees' Provident Fund Organisation (EPFO) in its latest ‘Provisional Estimate of Net Payroll’ data report has showed that India created 1630367 new jobs in the month of May 2023 as against revised figure of 1537511 in April 2023. As per the report, the maximum jobs were created in the age bracket of 22-25 and in this bracket the top sectors which have created more fresh jobs include Expert Services; Trading-Commercial Establishments; Establishm...
India creates 16.30 lakh new jobs in May 2023: EPFO
India creates 16.30 lakh new jobs in May 2023: EPFO
Source: Accord Fintech
21/07/2023 1:52:02 PM
L&T surges as its construction arm secures order for heavy civil infrastructure business Larsen & Toubro’s (L&T) is currently trading at Rs. 2549.35, up by 59.75 points or 2.40% from its previous closing of Rs. 2489.60 on the BSE. The scrip opened at Rs. 2523.40 and has touched a high and low of Rs. 2572.80 and Rs. 2523.30 respectively. So far 54313 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2,572.80 on 21-Jul-2023 and a 52 week low of Rs. 1715.00 on 21-Jul-2022. Last one week hig...
L&T surges as its construction arm secures order for heavy civil infrastructure business
L&T surges as its construction arm secures order for heavy civil infrastructure business
Source: Accord Fintech
21/07/2023 10:50:47 AM
Sprayking Agro Equipment soars on acquiring new manufacturing facility in Gujarat Sprayking Agro Equipment is currently trading at Rs. 184.90, up by 7.95 points or 4.49% from its previous closing of Rs. 176.95 on the BSE. The scrip opened at Rs. 185.00 and has touched a high and low of Rs. 185.00 and Rs. 180.60 respectively. So far 365 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 185.50 on 21-July-2023 and a 52 week low of Rs. 13.56 on 08-Sep-2022. Last one week high and low of the scrip ...
Sprayking Agro Equipment soars on acquiring new manufacturing facility in Gujarat
Sprayking Agro Equipment soars on acquiring new manufacturing facility in Gujarat
Source: Accord Fintech
21/07/2023 9:56:53 AM
Nepal finance minister urges Gujarat to invest in his country Nepal's Finance Minister, Prakash Sharan Mahat, visited Ahmedabad on Tuesday and extended an invitation to Gujarati entrepreneurs and investors to explore business prospects in Nepal.  He highlighted the numerous opportunities available in the country and emphasised Nepal's commitment to fostering stronger business and cultural relations with India, particularly with the Gujarati community.  "In the sector of education and healthcare, there is a lot of scope. Nepa...
Nepal finance minister urges Gujarat to invest in his country
Nepal finance minister urges Gujarat to invest in his country
Source: IANS
19/07/2023 11:49:26 AM
Captain Pipes gains on commissioning new CPVC machine at Rajkot plant Captain Pipes is currently trading at Rs. 27.20, up by 0.39 points or 1.45% from its previous closing of Rs. 26.81 on the BSE. The scrip opened at Rs. 28.00 and has touched a high and low of Rs. 28.00 and Rs. 27.00 respectively. So far 245028 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 35.79 on 23-May-2023 and a 52 week low of Rs. 3.96 on 21-Jul-2022. Last one week high and low of the scrip stood at Rs. 30.8...
Captain Pipes gains on commissioning new CPVC machine at Rajkot plant
Captain Pipes gains on commissioning new CPVC machine at Rajkot plant
Source: Accord Fintech
19/07/2023 11:44:12 AM
PM Narendra Modi to visit Gujarat on July 27-28, to inaugurate Hirasar airport, Semicon India Summit  Prime Minister Narendra Modi is expected to embark on a two-day visit to his home state of Gujarat on July 27, during which he is likely to inaugurate Hirasar airport and Semicon India Summit . On July 27, he is scheduled to inaugurate the Hirasar Airport in Rajkot after which he is likely to address a huge gathering, underscoring the significance of this development for the region. Subsequently, he will proceed to Gandhinagar, where he will hold crucial meetings with the state ca...
PM Narendra Modi to visit Gujarat on July 27-28, to inaugurate Hirasar airport, Semicon India Summit
PM Narendra Modi to visit Gujarat on July 27-28, to inaugurate Hirasar airport, Semicon India Summit
Source: IANS
19/07/2023 11:00:30 AM
Engaged with 100 global suppliers to build chip, display fabs in India: Vedanta The Vedanta Group on Tuesday said it remains committed to building India’s first semiconductor and display fabs in Gujarat, and has already engaged with more than 100 global suppliers and ancillary industries. The statement came after Taiwanese chip-making giant Foxconn withdrew from a joint venture to manufacture chips with India-based industrial giant. According to Vedanta Semiconductors and Display Global MD Akarsh K. Hebbar, Vedanta Group remains fully committed to building In...
Engaged with 100 global suppliers to build chip, display fabs in India: Vedanta
Engaged with 100 global suppliers to build chip, display fabs in India: Vedanta
Source: IANS
19/07/2023 9:35:11 AM
India`s Vedanta says awaiting India government nod for semiconductor plant India's Vedanta is awaiting the Indian government's nod for incentives under a modified semiconductor production plan to begin construction of a plant in western state Gujarat, for which its has roped in technology and equity partners, a top executive said on Tuesday
India`s Vedanta says awaiting India government nod for semiconductor plant
India`s Vedanta says awaiting India government nod for semiconductor plant
Source: Accord Fintech
18/07/2023 6:33:15 PM
Operating margins of Indian cotton spinning companies likely to improve to 11.5%-12% in FY24: ICRA The rating agency ICRA in its latest report has said that the despite lower revenues, operating margins of Indian cotton spinning companies is likely to improve by 50 - 100 bps to 11.5%-12% in FY2024. The spinners are expected to benefit from the operating efficiencies arising from higher volumes, and lower logistics expenses as the blockages at the ports in various regions have started to ease, accompanied by a reduction in container freight rates. Nonetheless, profits and cash accruals of s...
Operating margins of Indian cotton spinning companies likely to improve to 11.5%-12% in FY24: ICRA
Operating margins of Indian cotton spinning companies likely to improve to 11.5%-12% in FY24: ICRA
Source: Accord Fintech
14/07/2023 11:48:08 AM
JBM Auto shines on bagging orders to supply around 5000 electric buses JBM Auto is currently trading at Rs. 1459.60, up by 144.60 points or 11.00% from its previous closing of Rs. 1315.00 on the BSE. The scrip opened at Rs. 1499.00 and has touched a high and low of Rs. 1548.35 and Rs. 1440.00 respectively. So far 86273 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,548.35 on 14-Jul-2023 and a 52 week low of Rs. 361.70 on 28-Sep-2022. Last one week high and low of the scrip stood...
JBM Auto shines on bagging orders to supply around 5000 electric buses
JBM Auto shines on bagging orders to supply around 5000 electric buses
Source: Accord Fintech
14/07/2023 10:42:13 AM
Gujarat among India's top 10 states in deposits per capita Reserve Bank of India (RBI) data revealed that Gujarat has secured its place among the top 10 states in India in terms of deposits per capita. As of March 31, 2023, the state's deposits per capita stood at Rs 97,000, positioning it as the ninth-highest among the major states in the country. While several smaller states and union territories boast higher per capita deposits, Gujarat holds a respectable position among its major counterparts. Gujarat generally exhibits a higher leve...
Gujarat among India's top 10 states in deposits per capita
Gujarat among India's top 10 states in deposits per capita
Source: IANS
5/07/2023 12:56:11 PM
Gujarat government to sign MoU with Micron Technology for Semiconductor Facility in Sanand The Gujarat government is set to sign a Memorandum of Understanding (MoU) with Micron Technology, a leading semiconductor chip making company based in the United States, on Wednesday. The signing ceremony will take place in the presence of the State Chief Minister Bhupendra Patel. The MoU aims to establish a semiconductor Assembly and test facility at Sanand in the Ahmedabad district. Micron Technology had previously announced its plans to set up a semiconductor assembly and test plant ...
Gujarat government to sign MoU with Micron Technology for Semiconductor Facility in Sanand
Gujarat government to sign MoU with Micron Technology for Semiconductor Facility in Sanand
Source: IANS
28/06/2023 12:45:51 PM
Google to set up global fintech operation centre in Gujarat: Sunadar Pichai Alphabet and Google CEO Sundar Pichai has announced the company will open its global fintech operation centre at GIFT City in Gujarat. After meeting Prime Minister Narendra Modi here on Friday during his three-day state visit to the US, Pichai made the announcement, saying that the company will continue to invest in India through its $10 billion digitisation fund. In 2020, Google had announced to invest a whopping $10 billion in the country through its India Digitisation Fund over the n...
Google to set up global fintech operation centre in Gujarat: Sunadar Pichai
Google to set up global fintech operation centre in Gujarat: Sunadar Pichai
Source: IANS
24/06/2023 12:07:27 PM
Gujarat witnessed 13% rise in IT collections in FY 2022-23 In the financial year 2022-23, Gujarat experienced a boost in income tax (I-T) collections, with the figures rising by 13 per cent from the previous year. According to data released by the I-T department, the collections soared from Rs 36,800 crore in FY 2021-22 to Rs 41,700 crore in FY 2022-23. The amount comprised various components, including Rs 24,800 crore from tax deducted at source (TDS), Rs 17,300 crore from advance tax, Rs 7,800 crore from self-assessment, and Rs 1,000 crore fr...
Gujarat witnessed 13% rise in IT collections in FY 2022-23
Gujarat witnessed 13% rise in IT collections in FY 2022-23
Source: IANS
24/06/2023 9:04:04 AM
India`s disaster management has become an example, says PM Narendra Modi  Lauding the efforts of people and disaster management personnel, who combated cyclone Biparjoy, which made a landfall in the coastal regions of Gujarat, Prime Minister Narendra Modi on Sunday said that India's disaster management has become an example. "The strength of disaster management that India has developed over the years is becoming an example today," he said on his monthly radio broadcast 'Mann Ki Baat'. "Cyclone Biparjoy wreaked so much havoc in...
India`s disaster management has become an example, says PM Narendra Modi
India`s disaster management has become an example, says PM Narendra Modi
Source: IANS
18/06/2023 12:51:02 PM
KRBL moves up on starting commercial production at new plant in Gujarat KRBL is currently trading at Rs. 358.70, up by 6.05 points or 1.72% from its previous closing of Rs. 352.65 on the BSE. The scrip opened at Rs. 355.90 and has touched a high and low of Rs. 361.10 and Rs. 355.40 respectively. So far 22615 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 449.40 on 14-Dec-2022 and a 52 week low of Rs. 198.00 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 364.45...
KRBL moves up on starting commercial production at new plant in Gujarat
KRBL moves up on starting commercial production at new plant in Gujarat
Source: Accord Fintech
15/06/2023 11:28:11 AM
Sprayking Agro Equipment spurts on bagging order worth Rs 60 crore Sprayking Agro Equipment is currently trading at Rs. 158.85, up by 4.85 points or 3.15% from its previous closing of Rs. 154.00 on the BSE. The scrip opened at Rs. 155.05 and has touched a high and low of Rs. 160.05 and Rs. 155.05 respectively. So far 24290 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 160.05 on 13-Jun-2023 and a 52 week low of Rs. 12.06 on 18-Jul-2022. Last one week high and low of the scrip...
Sprayking Agro Equipment spurts on bagging order worth Rs 60 crore
Sprayking Agro Equipment spurts on bagging order worth Rs 60 crore
Source: Accord Fintech
13/06/2023 10:53:44 AM
Gujarat firm to build 3 PSH power plants of 5,700 MW in Maharashtra In a significant development for the state power sector, Torrent Power Ltd. Gujarat will construct three Pumped Storage Hydro (PSH) projects of 5,700-MW, costing around Rs 27,000 crore, in Maharashtra, an official said here on Wednesday. The Maharashtra government has inked an MoU with TPL, Ahmedabad, in the presence of Deputy Chief Minister Devendra Fadnavis, for the project which is expected to generate around 13,500 jobs during the five-year long construction period. The projects sha...
Gujarat firm to build 3 PSH power plants of 5,700 MW in Maharashtra
Gujarat firm to build 3 PSH power plants of 5,700 MW in Maharashtra
Source: IANS
8/06/2023 10:08:53 AM
India's Tata Group signs $1.6 billion Electric Vehicle battery plant deal  India's Tata Group signed an outline deal on Friday on building a lithium-ion cell factory, based on investment of about 130 billion rupees ($1.58 billion), as part of the nation's efforts to create its own electric vehicle supply chain. Compared to the size of its population, India's car market is tiny. Tata Motors dominates its electric vehicle (EV) sales, which made up just 1% of India's total car sales of about 3.8 million last year. A joint statement on the me...
India's Tata Group signs $1.6 billion Electric Vehicle battery plant deal
India's Tata Group signs $1.6 billion Electric Vehicle battery plant deal
Source: Reuters
3/06/2023 8:56:53 AM
Adani Wilmar rises on entering into whole wheat category with Fortune brand Adani Wilmar is currently trading at Rs. 451.30, up by 0.95 points or 0.21% from its previous closing of Rs. 450.35 on the BSE. The scrip opened at Rs. 455.05 and has touched a high and low of Rs. 457.85 and Rs. 450.00 respectively. So far 55625 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 841.90 on 23-Sep-2022 and a 52 week low of Rs. 327.00 on 28-Feb-2023. Last one week high and low of the scrip stood at Rs...
Adani Wilmar rises on entering into whole wheat category with Fortune brand
Adani Wilmar rises on entering into whole wheat category with Fortune brand
Source: Accord Fintech
29/05/2023 11:36:32 AM
IPL 2023: Rohit led from the front in terms of driving the way we wanted to play, says Mark Boucher Mumbai Indians head coach Mark Boucher threw all of his weight behind skipper Rohit Sharma in terms of his lean batting form in IPL 2023, saying the right-handed opener was leading the initiative of batting in the ultra-attacking way they wished for in the competition. Rohit made only 332 runs in 16 innings of IPL 2023 with just two fifties at a strike rate of 132.80. On Friday, in the Qualifier 2 clash against Gujarat Titans, he could make only eight runs as Mumbai, despite Tilak Varma...
IPL 2023: Rohit led from the front in terms of driving the way we wanted to play, says Mark Boucher
IPL 2023: Rohit led from the front in terms of driving the way we wanted to play, says Mark Boucher
Source: IANS
27/05/2023 2:20:55 PM
Kotak Mahindra Bank launches Kushalta Ka Nirman- a CSR project to skill development in Gujarat Under Kotak Mahindra Bank’s (“KMBL” / “Bank”) Corporate Social Responsibility initiative, the Bank in association with Shroffs Foundation Trust (SFT) has launched Kushalta Ka Nirman – a CSR Project for skill development in Gujarat. The Bank’s CSR project, will be implemented by SFT with aim to improve livelihood and employability for the youths from tribal, rural and other marginalized communities in Gujarat and...
Kotak Mahindra Bank launches Kushalta Ka Nirman- a CSR project to skill development in Gujarat
Kotak Mahindra Bank launches Kushalta Ka Nirman- a CSR project to skill development in Gujarat
Source: PR Agency
27/05/2023 9:43:28 AM
India's BHEL reports 34.2% fall in profit as higher material costs weigh  India's state-owned Bharat Heavy Electricals Ltd reported a 34.2% fall in quarterly profit on Friday, hurt by a rise in total expenses despite the surging power demand in the country. Standalone net profit fell to 5.98 billion Indian rupees ($72.4 million) for the fourth quarter ended Mar. 31, from 9.09 billion rupees a year earlier, the company said in an exchange filing. Total expenses rose 5.4% due to a sharp rise in input costs led by raw materials that had gone up 23.9% y...
India's BHEL reports 34.2% fall in profit as higher material costs weigh
India's BHEL reports 34.2% fall in profit as higher material costs weigh
Source: Reuters
27/05/2023 9:41:07 AM
Tata Motors moves up on inaugurating new showroom in Surat, Bardoli Tata Motors is currently trading at Rs. 517.60, up by 2.90 points or 0.56% from its previous closing of Rs. 514.70 on the BSE. The scrip opened at Rs. 513.05 and has touched a high and low of Rs. 518.35 and Rs. 512.20 respectively. So far 168270 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 537.15 on 15-May-2023 and a 52 week low of Rs. 375.50 on 26-Dec-2022. Last one week high and low of the scrip stood at Rs...
Tata Motors moves up on inaugurating new showroom in Surat, Bardoli
Tata Motors moves up on inaugurating new showroom in Surat, Bardoli
Source: Accord Fintech
26/05/2023 1:04:01 PM
Deepak Nitrite gains as its arm signs MoU with Government of Gujarat Deepak Nitrite is currently trading at Rs. 1959.60, up by 9.90 points or 0.51% from its previous closing of Rs. 1949.70 on the BSE. The scrip opened at Rs. 1950.00 and has touched a high and low of Rs. 1960.55 and Rs. 1935.00 respectively. So far 4718 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2355.55 on 03-Nov-2022 and a 52 week low of Rs. 1682.15 on 01-Jul-2022. Last one week high and low of the scrip sto...
Deepak Nitrite gains as its arm signs MoU with Government of Gujarat
Deepak Nitrite gains as its arm signs MoU with Government of Gujarat
Source: Accord Fintech
24/05/2023 11:00:31 AM
US Ambassador visits Gujarat, stresses strong India-US relationship Newly appointed US Ambassador to India, Eric Garcetti, on Monday visited Gujarat, during which he met Governor Acharya Devvrat and Chief Minister Bhupendra Patel. In his address, Garcetti underlined the foundation of the bilateral ties between the US and India, emphasising that their partnership is not contingent upon external factors. "Instead, it is based on a genuine warmth of friendship, a shared desire for stronger economies, and a commitment to fostering a peaceful and prospe...
US Ambassador visits Gujarat, stresses strong India-US relationship
US Ambassador visits Gujarat, stresses strong India-US relationship
Source: IANS
16/05/2023 9:53:12 AM
PM Narendra Modi inaugurates projects worth Rs 4400 cr in Gujarat Prime Minister Narendra Modi on Friday laid the foundation stone for projects worth Rs 4400 crore here. These projects encompass various sectors such as Urban Development, Water Supply, Road and Transport, and Mines and Minerals. He also inaugurated PMAY (rural and urban) projects worth around Rs 1950 crore, marking a significant milestone in housing development. During the programme, Prime Minister Modi interacted with beneficiaries via video link and handed over keys to around 19,0...
PM Narendra Modi inaugurates projects worth Rs 4400 cr in Gujarat
PM Narendra Modi inaugurates projects worth Rs 4400 cr in Gujarat
Source: IANS
12/05/2023 5:42:23 PM
India to reopen process for $10 billion in chip incentives -Bloomberg News India plans to reopen the application process for $10 billion in incentives and assistance to encourage chip manufacturing, as previously announced projects are taking too long, Bloomberg News said on Wednesday, citing people familiar with the matter. India is keeping the process open-ended, doing away with a previous 45-day requirement to submit applications, the report said. The South Asian country now plans to allow companies to apply again and is set to accept applications until its...
India to reopen process for $10 billion in chip incentives -Bloomberg News
India to reopen process for $10 billion in chip incentives -Bloomberg News
Source: Reuters
10/05/2023 9:12:08 AM
Gujarat: 11.56L houses constructed under Pradhan Mantri Awas Yojana A total of 11.56 lakh houses have been constructed in Gujarat under the housing scheme of the Central government, Pradhan Mantri Awas Yojana, an official said on Saturday. The urban component of the Pradhan Mantri Awas Yojana has seen the construction of a total of 7.50 lakh houses, while the rural component has seen the construction of more than 4.06 lakh houses. The scheme was launched by Prime Minister Narendra Modi in 2015 to provide affordable housing for the urban poor and middle-...
Gujarat: 11.56L houses constructed under Pradhan Mantri Awas Yojana
Gujarat: 11.56L houses constructed under Pradhan Mantri Awas Yojana
Source: IANS
7/05/2023 9:36:55 AM
Gujarat chamber urges Nirmala Sitharaman to waive off pending IGST interest The Gujarat Chamber of Commerce & Industry (GCCI) on Friday requested Union Finance Nirmala Sitharaman to waive off interest and penalty for Integrated Goods and Services Tax (IGST) payable under notification No. 54/2018 dated October 9, 2018. The GCCI said that it has received representations from its various member units, stating that they have received summons along with interest and penalty in regards to IGST payable under the notification. These companies had imported material und...
Gujarat chamber urges Nirmala Sitharaman to waive off pending IGST interest
Gujarat chamber urges Nirmala Sitharaman to waive off pending IGST interest
Source: IANS
6/05/2023 9:49:02 AM
KPI Green Energy gains on commissioning 26.10 MW wind-solar hybrid power project in Gujarat KPI Green Energy is currently trading at Rs. 488.15, up by 2.70 points or 0.56% from its previous closing of Rs. 485.45 on the BSE. The scrip opened at Rs. 491.95 and has touched a high and low of Rs. 495.15 and Rs. 487.70 respectively. So far 1681 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 515.35 on 21-Apr-2023 and a 52 week low of Rs. 191.63 on 11-May-2022. Last one week high and low of the scrip stood a...
KPI Green Energy gains on commissioning 26.10 MW wind-solar hybrid power project in Gujarat
KPI Green Energy gains on commissioning 26.10 MW wind-solar hybrid power project in Gujarat
Source: Accord Fintech
26/04/2023 9:53:02 AM