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PM Modi to lay foundation stone of projects worth Rs 21,000 cr in Gujarat

PM Modi to lay foundation stone of projects worth Rs 21,000 cr in Gujarat

Prime Minister Narendra Modi will visit Gujarat on June 17 and 18 where he will inaugurate and lay foundation stone of development projects worth Rs 21,000 crores.

At around 9:15 AM on 18th June, the Prime Minister will visit and inaugurate the redeveloped temple of Shree Kalika Mata at Pavagadh Hill, which will be followed by his visit to Virasat Van at around 11:30 AM, according to a release by the Prime Minister's Office (PMO).

Sebi orders attachment of bank, demat accounts of Aakruti Nirmiti, 2 others

Sebi orders attachment of bank, demat accounts of Aakruti Nirmiti, 2 others

The Securities and Exchange Board of India (Sebi) has ordered attachment of bank accounts as well as share and mutual fund accounts of Aakruti Nirmiti Ltd and its directors to recover investors' dues totalling over Rs 95 crore.

The recovery proceeding has been initiated against them to recover Rs 95.81 crore, along with further interest, all cost, charges and expenses, Sebi said.

Govt spending Rs 1,900 cr to support 45 Ro-Ro ferry projects: Official

Govt spending Rs 1,900 cr to support 45 Ro-Ro ferry projects: Official

Ministry of Ports, Shipping and Waterways is financially supporting 45 Ro-Ro (roll-on-roll-off) ferry projects with total cost of Rs 1,900 crore, an official statement said on Thursday.

The ministry has operationalised Ro-Pax (roll-on-roll-off passenger) ferry service between Ghogha-Hazira in Gujarat and Mumbai-Mandwa in Maharashtra, it added.

Burmans acquire 14.3% stake in Eveready Industries through open offer

Burmans acquire 14.3% stake in Eveready Industries through open offer

The Burman family – promoters of Dabur India – have acquired 14.3 per cent shares in Eveready Industries India, the country’s largest dry cell battery maker, in an open offer that concluded on Thursday.

With this, Burmans’ holding in the company stands at 38.3 per cent. Mohit Burman, who has been spearheading the family's investment in Eveready, said that the open offer had concluded.

Comply with norms on display of nutritional value: FSSAI to Swiggy, Zomato

Comply with norms on display of nutritional value: FSSAI to Swiggy, Zomato

Food regulator FSSAI has asked online food platforms like Swiggy and Zomato to ensure compliance of its regulations related to display of nutritional value by food service establishments from July 1.

In a letter to all e-commerce Food Business Operators (FBOs), FSSAI has asked them to make provisions in their platforms, including mobile apps, for display of calorific value and information related to nutrition and allergen.

Protest held in Sri Lankan capital against proposed wind project by Adani

Protest held in Sri Lankan capital against proposed wind project by Adani

A demonstration was held here in the Sri Lankan capital on Thursday against the proposed wind mill project to be undertaken by India's Adani group in the northeastern region of Mannar.

The protesters from the Gotagogama (President Gotabaya go home) gathered at the busy Bambalapitiya sector south of Colombo.

Edtech unicorn Upgrad doubles valuation with $225-mn funding round

Edtech unicorn Upgrad doubles valuation with $225-mn funding round

An education technology unicorn built by a cable TV-era entrepreneur almost doubled its valuation after raising $225 million in fresh funding, balking a frosty global venture capital environment.

India’s UpGrad Education Pvt, founded by Ronnie Screwvala, increased its valuation to $2.25 billion in the round that included billionaire James Murdoch’s Lupa Systems LLC and US testing and assessment provider Educational Testing Service, according to a person familiar with the deal. ETS develops and administers standardized tests including the TOEFL (Test of English as a Foreign Language) and Graduate Record Examination (GRE).

GE arm buys 49% stake in Continuum's onshore wind project in Gujarat

GE arm buys 49% stake in Continuum's onshore wind project in Gujarat

GE Energy Financial Services, an arm of GE, has acquired a 49 per cent stake in Continuum Green Energy's 148.5 megawatt Morjar onshore wind project in Gujarat for an undisclosed sum.

This transaction marks GE EFS' first onshore wind equity investment in Gujarat through a structured preferred equity solution, the company said in a statement.

NIA conducts raids at multiple locations in J-K in terror funding case

NIA conducts raids at multiple locations in J-K in terror funding case

The National Investigation Agency (NIA) on Wednesday conducted searches at multiple locations in Jammu and Kashmir linked to a terror funding case, sources said.

The places raided by the Central anti-terror agency are in the Baramulla district of Jammu and Kashmir.

EOW books builder Sanjay Chhabria, DHFL promoter Kapil Wadhwan for fraud

EOW books builder Sanjay Chhabria, DHFL promoter Kapil Wadhwan for fraud

The Economic Offences Wing (EOW) of Mumbai police on Tuesday registered a fresh case against builder Sanjay Chhabria and Dewan Housing Finance Corporation Limited (DHFL) promoter Kapil Wadhwan for allegedly cheating a real estate firm to the tune of Rs 150 crore.

Chhabria's firm Indo Global Soft Solutions Private Limited in connivance with Wadhwan's DHFL allegedly misused Rs 150 crore for wrong gains.

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