Page 5 - Surat

Surat ready to shine with global diamond exchange in 3 years

Contract finally given for Rs 2,400-cr project, with GIFT City-like features

Surat to see Rs 4,650-crore railway station redevelopment

A joint venture for undertaking the project will be formed soon, according to the source

Diamond city Surat is the new shell firm capital

2,138 firms deposited unaccounted Rs 5,000 cr in zero-balance accounts during the note ban

Surat textile industry still under subdued capacity utilisation

While it may have played a crucial role in helping the ruling Bharatiya Janata Party (BJP) win in the recently concluded state assembly elections in Gujarat, the Surat-based textile industry is still reeling under the Goods and Services Tax (GST) impact. According to industry sources, especially in weaving and trading, capacity utilisation at most of the powerloom and trading units is still down by 50 per cent or lesser. While the spinning units are still finding takers in the knitting industry which is doing better currently due to winter season, the latter verticals in the textile chain such as weaving and trading are still finding business unsustainable, especially among smaller players.As against a 40 million metres per day of production in the Rs 500 billion synthetic textile hub of Surat, the current production is down to 2.5 million metres per day. Similarly in the weaving sector, as against a Rs 600 million daily turnover in the pre-GST era, the same is still down by 50 per ..

Surat's textile sector faces cost-push crisis as key input prices surge

Polyester yarn prices increased 6-8 per cent in the past one month and 12-15 per cent in past 3 months

Orders dry up for Surat's textile industry ahead of festive season

Slowdown, long-pending input tax credit refunds hit the city hard

Another Kathua? 11-year-old found dead in Surat with 86 injury marks

Police have announced a reward of Rs 20,000 for anyone coming forward to give information about the girl

Surat rape and murder case: 3 persons, including main accused, arrested

A case of rape was registered under the POSCO Act and over 400 police personnel Surat police and Ahmedabad Crime Branch worked on the case

20 coaching class students jump to death after Surat building catches fire

Prime Minister Narendra Modi says he anguished by the deaths in Surat fire, asks authorities to help families.

Surat fire: Police arrests coaching centre owner, builders absconding

Most of the victims of the fire included teenage students. While some of them died of suffocation, many due to injuries sustained after jumping off windows to escape the fire.

Surat fire: Toll climbs to 22, coaching class owner held, 2 on the run

Surat fire: Toll climbs to 22, coaching class owner held, 2 on the run

Surat fire: Preliminary probe finds lapses on part of civic body, builder

According to a top bureaucrat, the officials concerned did not conduct a physical inspection of the building before approving the proposal of the builder.

Scandal and slowdown: Diamond hub Surat latest pillar of economy to wobble

Banks have been scared off from lending to jewelers in Surat after the Nirav Modi scandal broke, with credit to the sector down 14% in October from March 2018.

Expansion plans, new formats help Tata Starbucks grow 26% in Sep quarter

Seven years after its entry into India, Tata Starbucks' consumer connection score is at an all-time high

In a first since 1998, NMDC and GJEPC to auction rough diamonds in Surat

Panna diamonds to be showcased first time ever at Surat International Diatrade Centre; stones weighing 24,000 carat in all, and valued at Rs 25 cr will be displayed between Sept 24-27

Surat: SMC begins demolition drive, tears down all illegal constructions

After the fire tragedy which claimed the lives of 20 people, mostly students, the Surat Municipal Corporation (SMC) seems to have sprung into action as it began a demolition drive on Monday.Jayesh Solanki, Executive Engineer of the West Zone, SMC said that the demolition drive is targeting all illegal constructions in all the zones of the city and will be continued till they all cease to exist. He asserted that the restaurant being torn down was constructed illegally by flouting the norms."This is a high-rise apartment in which a restaurant was being operated illegally. We are tearing down the portion which is illegal to use. This demolition drive is being carried out in all 8 zones of the city. We will continue it till all the illegal structures are brought down," Solanki told reporters here.The drive started by SMC is likely to avoid incidents such as the one which took place on Friday.A blaze ripped through the coaching centre located in Takshashila Arcade in Surat's Sarthana area .