Page 8 - Gujarat

IDBI Trusteeship Services Ltd commences operation from GIFT City in Gujarat

IDBI Trusteeship Services Ltd (ITSL) on Tuesday said it has commenced operations at the Gujarat International Finance Tec-City (GIFT City). In a statement, Padma Betai, MD and CEO of IDBI Trusteeship Services Ltd, said operating business from GIFT City tends to be cost-efficient as against high costs attached to maintaining overseas offices and will be a game changer in terms of revenues for the trusteeship business. Going forward, the entity will also offer facility agent services to IFSC banking units for their External Commercial Borrowings (ECB) transactions, trusteeship services to Non-Convertible Debentures (NCDs) and Alternative Investment Funds (AIFs), and escrow agency services for cross border Mergers and Acquisitions (M&A) transactions. "We are witnessing significant interest from distinctive business verticals to set up their operations in GIFT City and creating benchmarks in providing a conducive business ecosystem to financial institutions at par with global ...

Shankar Chaudhary elected unopposed as Speaker of Gujarat Assembly

Bharatiya Janata Party MLA Shankar Chaudhary was on Tuesday elected unopposed as the Speaker of the newly-formed Gujarat Legislative Assembly. Besides, senior BJP MLA Jetha Bharwad was elected unopposed as the Deputy Speaker during the first session of the 15th state Assembly in Gandhinagar. The opposition Congress as well as the Aam Aadmi Party (AAP) supported the nominations of ruling party legislators Chaudhary and Bharwad. While Chaudhary's name was proposed by Gujarat Chief Minister Bhupendra Patel, Bharwad's name was proposed by state Finance Minister Kanubhai Desai. Chaudhary, who represents the Tharad seat in Banaskantha district, had served as a minister in the Gujarat governments led by Anandiben Patel and Vijay Rupani between 2014 and 2017. He had lost the 2017 Assembly election from Vav seat. Bharwad, a six-time MLA from Shehra Assembly seat of Panchmahal district, had served as the Deputy Speaker of the Assembly for a year between 2021 and 2022 in the 14th ...

55 villages in Nashik district of Maharashtra wish to be merged with Guj

Fifty-five villages under Surgana taluka wish to be merged with Gujarat to 'taste development'

2-day session of Gujarat Assembly to begin; newly-elected MLAs to take oath

The newly-elected MLAs of the Gujarat Legislative Assembly will take oath on the first day of the two-day session of the House on Monday, an official has said. Elections for the post of Speaker and Deputy Speaker will be held on Tuesday. Protem speaker and senior-most Bharatiya Janata Party (BJP) MLA Yogesh Patel will administer the oath to the 182 MLAs in the first session of the 15th Legislative Assembly in the state capital Gandhinagar on Monday, Gujarat Assembly secretary D M Patel told PTI on Sunday. On the second day of the two-day session on Tuesday, the new members will meet to elect the Speaker, he said. As per an official notification issued by the Assembly Secretariat, elections for the posts of Speaker and Deputy Speaker will be held in the first half on Tuesday and other businesses will be taken up in the second half. The BJP, which won the seventh consecutive term in the state with a record mandate in recent elections, has declared Shankar Chaudhary and Jethabhai Bha

91 suspected measles cases detected in parts of Gujarat's Mehsana

A total of 91 suspected cases of measles were detected in parts of Mehsana district in Gujarat during a surveillance carried out in the last one month, a health department official said on Sunday. Samples of the suspected cases from Molipur village in Vadnagar taluka and part of Kadi town in the district have been sent to a laboratory in Ahmedabad for further testing and a report of the same is awaited, Epidemic Medical Officer of Mehsana district Vinod Patel said. Attributing resistance to vaccination in the region as a reason behind the likely upsurge in suspected measles cases in the region, Patel said that treatment and preventive measures were being taken. "Between November and December, 91 suspected cases of measles were found in Molipur and Kadi. We have carried out a vaccination exercise and distributed vitamin A tablets as treatment and preventive measures," Patel told PTI. He said that additional surveillance was carried out after some suspected cases emerged during the .

Gujarat BJP's Mehsana Corporator booked for giving 'triple talaq' to wife

The coporator has been booked under various sections of The Muslim Women (Protection of Rights in Marriage) Act 2019, Dowry Prohibition Act and other sections of Indian Penal Code

ACME Group forays into wind power sector with 50 MW project in Gujarat

ACME Group on Friday announced its foray into the wind power sector with a 50 MW project in Gujarat. The group has forayed into the wind power business and signed a power purchase agreement (PPA) with Gujarat Urja Vikas Nigam Limited (GUVNL), a company statement said. At present, ACME operates solar power plants in 12 states and supplies electricity to 13 state discoms. "ACME Group wins its first 50 MW grid-connected wind power project. This is a significant milestone as the company gears up to provide solar-wind Hybrid and RE RTC power. This is in line with ACME Group's vision to become a prominent RE RTC player," ACME Group Chief Operating Officer Sandeep Kashyap said. The company was awarded the project through a tariff-based competitive bidding process for electricity procurement from grid-connected wind power projects. The project should be commissioned within 24 months from the signing of the PPA. The electricity from this project will help to light up nearly 6 million home

Morbi councillors oppose Gujarat govt's move to supersede civic body

Morbi councillors have written to Chief Minister Bhupendra Patel against the Gujarat government's move

All charged up: 5 bidders in fray for India's largest electric bus tender

18 bids received for electric buses in eight slots based on bus size, specifications and state transport undertakings

Macrotech Developers to invest Rs 330 cr to build warehouse in Mumbai

Realty firm Macrotech Developers will invest Rs 330 crore to develop a premium warehousing project in Mumbai as part of its expansion plan and to tap rising demand from e-commerce and third-party logistic companies. Macrotech Developers, which markets its properties under the Lodha brand, is one of the leading real estate firms in the country. The company said in a statement that Lodha Green Digital Infrastructure (LGDI) platform has acquired around 8 acres of land in Kurla, Mumbai. The land will be used for the development of about 4 lakhs square feet of Grade-A in-city fulfilment centre to provide the last mile warehousing infrastructure to 3PL, e-commerce and quick-commerce companies. "The development will involve a total investment of around Rs 330 crore and is expected to be completed in the next 12-18 months in phases," it added. Shaishav Dharia, Director, Lodha Green Digital Infrastructure, said this is the second acquisition in Mumbai. "We see that there is a huge demand

Unseasonal rain likely to hit parts of Gujarat due to low depression: IMD

The Met Department has forecast unseasonal rain in some parts of Gujarat on Thursday and Friday due to a low depression developed over the East Central and adjoining South East Arabian Sea

PM Modi felicitated at BJP meeting over record-breaking win in Gujarat

The jubilation in the BJP over its record-breaking win in the Gujarat polls echoed in its parliamentary party meeting on Wednesday as Prime Minister Narendra Modi was felicitated for the victory. The prime minister, in turn, heaped praised on the state unit, especially its president C R Paatil and said the victory is owed to the BJP's organisational strength, Union minister Pralhad Joshi told reporters after the meeting. Party sources added that Modi said the Gujarat unit of the BJP is an example of how poll win is possible if the party organisation is strong. The prime minister's high praise for Paatil, a close confidant of him, underlines his rising stock within the party. Modi also praised party's national president J P Nadda. In his speech, Modi also spoke of India's G-20 presidency and asked MPs to come out with innovative ideas to involve people in organising various events across the country in the run up to the summit meeting next year. With numerous foreign delegates expe

Morbi bridge collapse: Gujarat govt to pay Rs 10 lakh each to kin of dead

An additional compensation will be paid to the families of each of the dead in the Morbi bridge collapse incident in October, the state government said

Bhupendra Patel takes oath as Gujarat CM; 16 other ministers also sworn in

Bharatiya Janata Party (BJP) leader Bhupendra Patel on Monday took oath as the Chief Minister of Gujarat for a second straight term in Gandhinagar in the presence of Prime Minister Narendra Modi. Sixteen other ministers, including eight of cabinet rank, were also sworn in. The new entrants include 11 former ministers. The Cabinet ministers include Kanu Desai, Rishikesh Patel, Raghvji Patel, Balvantsinh Rajput, Kunvarji Bavaliya, Mulu Bera, Kuber Dindor and Bhanuben Babariya. Harsh Sanghvi and Jagdish Vishwakarma were sworn in as ministers of state with independent charge. The six other ministers of state include Parshottam Solanki, Bachu Khabad, Mukesh Patel, Praful Pansheriya, Kuverji Halpati and Bhikhusinh Parmar. Patel was administered the oath as the 18th chief minister by Governor Acharya Devvrat at a function held at the Helipad Ground near the new Secretariat. Top BJP leaders, including Union ministers and chief ministers of the states where the party is in power, were pre

BJP CMs take part in oath-taking ceremony of Gujarat CM Bhupendra Patel

BJP leaders, including UP CM Yogi Adityanath, Madhya Pradesh's Shivraj Singh Chouhan and others took part in the oath-taking ceremony of Gujarat Chief Minister Bhupendra Patel in Gandhinagar on Monday

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Bhupendra Patel, soft-spoken face of BJP in Gujarat, is CM for second term

Bhupendra Patel was sworn in as CM in Gandhinagar on Monday at a ceremony attended by PM Narendra Modi and top BJP leaders, including Union ministers and chief ministers of state ruled by the party

PM Modi holds roadshow in Ahmedabad after BJP's landslide win in Gujarat

BJP swept the Gujarat Assembly election with a whopping 156 seats, which is the highest number of seats any party has won after the formation of the state in the year 1960

Bhupendra Patel to take oath for his second term as Gujarat CM today

Patel will be administered the oath as the 18th Chief Minister by Governor Acharya Devvrat in Gandhinagar at 2 pm

Bhupendra Patel to take oath as Gujarat CM on Monday; PM Modi to attend

Bharatiya Janata Party (BJP) leader Bhupendra Patel will take oath as the Chief Minister of Gujarat for a second straight term in Gandhinagar on Monday in the presence of Prime Minister Narendra Modi and other dignitaries, BJP leaders said on Sunday. Patel will be administered the oath as the 18th chief minister by Governor Acharya Devvrat at a function to be held at the Helipad Ground near the new Secretariat in Gandhinagar at 2 PM. Besides the prime minister, Union Home Minister Amit Shah and chief ministers of other BJP-ruled states are set to attend the swearing-in ceremony, BJP sources said. Along with Patel, some new ministers are also expected to take the oath. In the just-concluded Gujarat Assembly elections, counting for which was held on December 8, the BJP won a seventh straight term by winning record 156 seats in the 182-member House. The Congress won 17 constituencies and AAP 5. Patel, 60, resigned as chief minister along with his entire cabinet on Friday to pave the