The SBI and other banks on Tuesday moved the Supreme Court with a plea to prevent Vijay Mallya from leaving the country. Vijay Mallya should not be allowed to leave India, a consortium of 17 public sector banks said in a petition to the Supreme Court Today. The court is expected to take up the […]
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Business
JICA’s financial assistance of Rs 4,870 crores assistance for Ahmedabad Metro project
Today JICA Japan International Cooperation Agency signed a pact with the Centre to provide 82.434 billion yen (about Rs 4,870 crores) assistance for Ahemadabad Metro Rail Project. With this pact, the total loan amount provided by JICA for metro projects in India (including Delhi, Chennai, Bengaluru, Kolkata and Mumbai Metros) has exceeded 1 trillion yen […]
7th Pay Commission: Western Railway Employees’ Union to submit memorandum on Mar 11 to govt
Western Railway Employees’ Union Ahmedabad Division members held a meeting to discuss on 7th Pay Commission of Western Railway Employee Union in the city. Railway Union will submit memorandum on Mar 11 to govt on 7th Pay Commission and warned to go on strike from Apr 11, if required. Railway unions have held meetings with […]
Valsad: Tender mango shoots and mango crop destroyed in unseasonal rains
With today morning’s unseasonal rains in Gujarat, produce of tender mango shoots and mango crop in Valsad was destroyed in the rain and incurring lot of loss. As a result, this year mango is likely to be sold at higher rate than average mango cost over previous years.
Jewellers on 3 days of India on strike; protests against excise duty imposition
Jewellers of India are on 3 days strike post imposition of 1 % excise duty in Union Budget 2016-17. They have also expressed feedback on customer’s pan card saying that many customers do not have pan card. Government has made pan card compulsory over jewellery purchase over Rs 2 lakhs. Ahmedabad, Rajkot and Saurashtra jewellers […]
Gujarat government’s new Electronics policy; subsidy upto Rs 100 Cr on EMC setup
Gujarat Government has announced subsidy upto Rs 100 crores on capital cost to establish a Electronics Manufacturing Cluster (EMC) in state in addition to other incentives under its ‘Electronics Policy 2016’. “This new policy is aimed at attracting an investment of USD 6 billion in the next five years, and aims to create 5 lakh […]
BSE Sensex rebounds over 436 points on rate cut hopes
A day after suffering losses following the presentation of the Union Budget, the benchmark Sensex bounced back by over 436 points on Tuesday, bolstered by renewed hopes of a rate cut by the Reserve Bank amid positive Asian cues. With the Budget out of the way, the focus now shifts to RBI Governor Raghuram Rajan’s […]
Gujarat CM welcomes Union Budget 2016-17 by Modi led NDA govt
Today Gujarat Chief Minister Aanandiben Patel welcomed Union Budget 2016-17 by Modi led NDA government. CM said while appreciating the budget is focusing on development of rural India, farmers and youth will boost growth, generate employment & opportunities for common man. ‘Standup India’ for aspiring SC/ST and women entrepreneurs, relief on affordable housing will benefit […]
Petrol price down by Rs 3.02 per litre, diesel price up by Rs 1.47 per litre
Today Price of petrol was lowered by Rs 3.02 per litre and price of Diesel was raised by Rs 1.47 per litre. Revised prices will be effective from the midnight of February 29 and March 1. New fuel prices were declared immediately after presenting of Budget 2016-17 by finance minister Arun Jaitley.
Sensex regains 23,000, Nifty above 7,000 ahead of Economic Survey
The benchmark Sensex reclaimed the 23,000-mark as it rebounded by over 251 points in early trade today, spurred by buying by funds and retail investors ahead of release of the Economic Survey later in the day. The beginning of the March series in derivatives contracts and positive global cues kept mood upbeat. The 30-share index […]