Category Articles: Business

Jio Welcomes the Government of India’s Reforms to Strengthen the Indian Telecom Sector

September 15, 2021
Jio Welcomes the Government of India’s Reforms to Strengthen the Indian Telecom Sector

Mumbai: Reliance Jio today said it heartily welcomes the reforms and relief package announced by the Government of India, as these are a timely step towards strengthening India’s telecom sector. The company in a statement said, 'These will accelerate realisation of Hon. Prime Minister Shri Narendra Modi’s Digital India vision and enable India’s transformation into the world’s leading Digital Society.' 'Jio's mission is to bring the fruits of the Digital Revolution to 1.35 billion I...Read More

Rs. 100 crore trade achieved during WeaveKniTT exhibition in Surat: Organizers

September 14, 2021
Rs. 100 crore trade achieved during WeaveKniTT exhibition in Surat: Organizers

Surat: The trade of over Rs 100 crores between the traders and weavers took place at WeaveKniTT Exhibition organized at Surat International Exhibition and Convention Centre (SIECC) in Sarsana, Surat from 11th to 13th September. The Southern Gujarat Chamber Of Commerce and Industry (SGCCI) and Southern Gujarat Chamber Trade and Industries Development Centre had organised this 3-day exhibition as a pilot project to exhibit various kinds of fabrics produced in Surat. The SGCCI president Ashish ...Read More

8 EV charging stations installed on Ahmedabad – Mumbai highway

September 14, 2021
8 EV charging stations installed on Ahmedabad – Mumbai highway

Ahmedabad: A start-up named Tesco ChargeZone installed 8 new Electric Vehicle (EV) charging stations on National Highway-8 between Ahmedabad and Mumbai. These EV charging stations have fast charging capabilities and they can charge an electric vehicle within 40 minutes. Each of them is of the capacity of 60 kilowatts. Kartikey Hariyani, founder and CEO of the Gujarat based start-up Tesco ChargeZone informed that the eight charging stations include two at Mumbai airport and two at each lo...Read More

Rs. 1,000 crore unaccounted transactions detected: IT department on searches at media and real estate group

September 11, 2021
Rs. 1,000 crore unaccounted transactions detected: IT department on searches at media and real estate group

Ahmedabad: The Income Tax (I-T) Department has detected unaccounted transactions of Rs 1,000 crores during a raids at a media and real estate group in Ahmedabad on 8th September. The I-T Department in a press release regarding searches at Sambhav group without naming the group said that documents, digital proofs and documents of unaccounted transactions of Rs 1 thousand crores from computers and pen-drives were found during the raid. The I-T Department has sealed 14 bank lockers of the compa...Read More

JioPhone Next in advanced trials, with festive-season rollout to commence before Diwali

September 10, 2021
JioPhone Next in advanced trials, with festive-season rollout to commence before Diwali

Mumbai: Jio and Google announced today that they have made considerable progress towards launching the much-awaited JioPhone Next, the made-for-India smartphone being jointly designed by the companies. JioPhone Next is a first-of-its-kind device featuring an optimized operating system based on Android and Play Store. The device and the operating system will offer premium capabilities that have until now been associated with more powerful smartphones, including voice-first features that enable...Read More

Ford India to shut vehicle manufacturing at Sanand and Chennai plants

September 09, 2021
Ford India to shut vehicle manufacturing at Sanand and Chennai plants

Gandhinagar: U.S. headquartered car manufacturer Ford India today made announcement to wind up its vehicle manufacturing operations at Sanand plant in Gujarat and Chennai plant in Tamil Nadu. Ford India said, the company will progressively wind-down manufacturing for export at Sanand plant by quarter four of year 2021 and Chennai engine/vehicle assembly plants by quarter 2 of year 2022. The company said it will continue engine manufacturing for export. 'The sale of our current produc...Read More

GIFT INX: Adani Green Energy Lists USD 750 Mn foreign currency Green bonds

September 09, 2021
GIFT INX: Adani Green Energy Lists USD 750 Mn foreign currency Green bonds

Mumbai: Adani Green Energy Limited has listed its maiden USD 750 Mn Green bonds with 3 year maturity at a competitive coupon of 4.375 percent. The bonds were rated Ba3 (stable) by Moody’s and have garnered huge investor interest across the globe. These bonds have been listed on India INX’s GSM Green platform which is the Exchange’s dedicated platform for listing of green, social, sustainable and all such ESG flavoured bonds. Commenting on the listing, Mr. V Balasubramaniam, MD&CEO, Indi...Read More

Axis Bank GIFT IFSC branch raises USD 600 Mn maiden AT1 sustainable bond

September 09, 2021
Axis Bank GIFT IFSC branch raises USD 600 Mn maiden AT1 sustainable bond

Mumbai, September 9, 2021: Axis Bank through its IFSC Banking Unit (IBU) in GIFT IFSC raised USD 600 Million in AT 1 sustainable bonds under its USD 5-billion global medium-term note programme. The dollar-denominated, Basel III-compliant AT1 notes were competitively priced at 4.10 per cent and evinced interest from investors across diverse geographies. Commenting on the success, Mr. V. Balasubramaniam, MD & CEO, INDIA INX said, “We are delighted to list Axis Bank’s maiden AT1 Bond sustain...Read More

Gurit Wind Pvt LTD plant inaugurated in Gujarat

September 09, 2021
Gurit Wind Pvt LTD plant inaugurated in Gujarat

Ahmedabad: Gujarat Chief Minister Vijaybhai Rupani today virtually inaugurated a new plant of Gurit Wind Private Limited at Rajoda in Bavla taluka of Ahmedabad district today. CM Vijaybhai Rupani said on this occasion that new employment opportunities will arise in the state due to this new plant of Gurit Wind Pvt Ltd. He added that Gurit wind Pvt Ltd will also contribute to fulfilling ‘Make In Gujarat’ in the wind energy sector. CEO of Gurit wind system Denmark, CFO of Gurit Group Switz...Read More

On World EV Day, Jio-bp partners with BluSmart to set up EV charging infrastructure in India

September 09, 2021
On World EV Day, Jio-bp partners with BluSmart to set up EV charging infrastructure in India

Mumbai: Jio-bp, the fuels and mobility joint venture between Reliance Industries Limited and bp announced a partnership with BluSmart, India's first and largest all-electric ride-hailing platform to set up a network of commercial large scale EV charging stations. As part of the partnership, Jio-bp will set up these stations for passenger electric vehicles and fleets across the country BluSmart, through its all electric fleet, has been disrupting the mobility landscape by providing reliable, z...Read More

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