Gujarat – The News Desk

Cadila Pharma CMD booked for alleged rape, assault on Bulgarian woman

31Dec

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Cadila Pharma CMD booked for alleged rape, assault on Bulgarian woman

Police have acted on a high court directive and registered a case against the chairman and managing director of Cadila Pharmaceuticals for alleged rape, assault and intentional insult on a complaint by a Bulgarian woman, who had joined the company as a flight attendant, an official said on Sunday.The police have said that they can only investigate the matter and submit a report to the high court for now. The CMD of the Ahmedabad-based pharma company was booked on Sunday under Indian Penal Code (IPC) sections 376 (rape), 354 (assault or criminal force to woman with intent to outrage her modesty), and 504 (intentional insult with intent to provoke breach of the peace), Assistant Commissioner of Police (ACP) HM Kansagra said here. The case was registered again...

Essar to Invest Rs 55,000 Crore in Energy, Port Projects in Gujarat

31Dec

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Essar to Invest Rs 55,000 Crore in Energy, Port Projects in Gujarat

Published By: Mohammad HarisLast Updated: December 14, 2023, 16:56 ISTEssar to invest $6.6 billion in power, port projects in Gujarat.Essar group says it has signed 3 memoranda of understanding with the government of Gujarat for a total investment of Rs 55,000 crore ahead of the Vibrant Gujarat Global Summit 2024Essar group will invest Rs 55,000 crore in energy transition, power, and port projects in Gujarat, the firm said on Thursday after signing pacts with the state government. The investments are for setting up a 1 gigawatt green hydrogen project, expansion of Salaya power plant and transforming Salaya port into a logistics hub.In a statement, the company said it signed three memoranda of understanding with the government of Gujarat for a total investment of Rs 55,000 crore ahead of ...

India’s construction sector levels up as housing demand spurs economy

2Dec

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India’s construction sector levels up as housing demand spurs economy

If India needed any more proof that it was in the midst of a huge housing boom, it got in this week's GDP data, heightening expectations that the industry will continue to power the economy for years to come. The construction sector grew 13.3% in July-September from a year earlier, up from 7.9% in the previous quarter and its best performance in five quarters, the data released on Thursday showed. That helped India expand at a forecast-beating 7.6%, making it one of the world's fastest-growing major economies. In contrast, Western economies have been squeezed by high interest rates and energy prices, while China has been hobbled by a debt crisis in its property sector. The long-awaited boom - which has created millions of jobs - comes after about six years of d...

Gujarat’s ‘Dhando’ Spirit Makes It Favourite Biz Destination; PM Modi to Inaugurate 2024 Global Summit

6Oct

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Gujarat’s ‘Dhando’ Spirit Makes It Favourite Biz Destination; PM Modi to Inaugurate 2024 Global Summit

The Delhi curtain-raiser event for the 10th Vibrant Gujarat Global Summit, scheduled for January 10-12, 2024, will mark a significant milestone in Gujarat’s journey from being the ‘Most Preferred Investment Destination’ to becoming a ‘Gateway to the Future.’Prime Minister Narendra Modi will inaugurate the summit, which is expected to attract national and international delegates and witness the signing of a significant amount of MoUs.The event held in New Delhi, in the presence of the Chief Minister of Gujarat, Bhupendra Patel, and other dignitaries, set the stage for the forthcoming summit. It aimed to highlight the remarkable achievements of Gujarat and the summit’s theme, ‘Gateway to the Future,’ in shaping the vision of New India.Patel expressed his enthusiasm for the 10th Vibrant Guja...

Tata Projects to construct Micron’s advanced semiconductor plant in Sanand

23Sep

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Tata Projects to construct Micron’s advanced semiconductor plant in Sanand

Tata Projects on Saturday announced its collaboration with Micron Technology to construct an advanced semiconductor assembly and test plant in Sanand, Gujarat. The company in a statement said the contract awarded to Tata Projects solidifies the company's proficiency in large-scale, sustainable infrastructure development in the Indian manufacturing landscape. According to the statement, situated in the Gujarat Industrial Development Corporation area of Chaarodi, Sanand, the project spans an expansive 93 acres of land. "This enduring project is a significant milestone and the largest investment under the India Semiconductor Mission (ISM)," the statement said, adding that the construction of Phase 1 will include a 500,000 square feet cleanroom space, scheduled to ...

24Aug

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Reliance Industries and Oberoi Hotels to Co-manage Three Iconic Hospitality Projects in India, UK

Last Updated: August 24, 2023, 22:30 ISTStoke Park Limited, a Reliance Industries Limited subsidiary, possesses sports and leisure amenities in Stoke Poges, Buckinghamshire. (Image: News18/representative) The collaboration between the two companies will now oversee the management of Oberoi-operated Anant Vilas in Mumbai, an upcoming unnamed project in Gujarat and RIL-owned Stoke Park in UKReliance Industries on Thursday announced that it has teamed up with The Oberoi Hotels and Resorts to jointly manage three properties in India and the UK. These properties are the Anant Vilas Hotel in Mumbai’s Bandra Kurla Complex (BKC), the renowned Stoke Park in the UK and a future project in Gujarat.Oberoi Hotels earned the title of the World’s Best Hotel Brand at the Travel + Leisure, USA World’s Bes...

World Bank Prez Ajay Banga to travel to India next wk to attend G20 meet

8Jul

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World Bank Prez Ajay Banga to travel to India next wk to attend G20 meet

World Bank President Ajay Banga will travel to India next week, his first visit to the country after taking over the helm of the global lender, to attend the G20 Finance Ministers and Central Bank Governors Meeting in Ahmedabad. Indian-American Banga, 63, took over as the President of the World Bank in June, making him the first person of colour to head either of the two global financial institutions, the World Bank and the International Monetary Fund. The Executive Directors of the World Bank selected Banga as the 14th President of the World Bank in May for a five-year term after being nominated by US President Joe Biden for the post. This would be Banga's first trip to India after he took over as the World Bank president. India is currently holding the...