ધબકતું અમદાવાદ

The Digital Home of Ahmedabad.

📢 Latest
Latest News

Top Stories

All News →
Discover

Explore Amdavad

View All
For Tourists & Locals

Amdavad Darshan

Book a guided city tour — heritage walks, full-day sightseeing & food trails, just like the great cities of the world.

All Tours
People of Amdavad

Stories of Amdavad

View All Stories
On the Map

Live Amdavad Map

View Full Map
Join In

Communities

View All Communities

Ask Panchayati AI

Your Personal Guide to Ahmedabad

Ask anything about the city and get instant answers

For Businesses

Local Business Hub

Open Directory
Business Desk

Business News

View All

Fortune India's top 100 billionaires' wealth increased, 31 decreased

Fortune India has released the list of top 100 billionaires of the country, the wealth of Adani-Ambani, the two top rich people of the country, has increased in one year to Rs. A decrease of 1.41 lakh crores has been recorded. However, Mukesh Ambani ranks first and Gautam Adani ranks second. The total wealth of 30 businessmen included in the top-100 is Rs. 4.26 lakh crore has decreased. In which Mukesh Ambani's wealth is 82 thousand crore rupees and Gautam Adani's wealth is Rs. 59 thousand crores has decreased. On the other hand, the assets of 56 industrialists were Rs. 7.70 lakh crore has increased. While the wealth of 31 has decreased. Not only this, 13 people have made it to the Fortune India Top-100 for the first time this year. Savitri Jindal's wealth has increased by one lakh crore. While Shyam Bharti and Hari Bharati have seen the highest percentage increase in wealth at 78 percent.

GMP started crashing as some IPOs got filled

There is a queue of IPOs in the Indian stock market. In which there are high premiums in the gray market to attract investors, but as soon as the issue is filled, the premium from the gray market of these IPOs comes to a low level and the IPOs of such companies are listed at a nominal premium or at a discount, due to which investors feel that they are being cheated. Currently the IPO of Veegaland Developers is going on, which is one day before the closing of the IPO and this IPO is more than one times oversubscribed, while the IPO premium of Rs 210 crore has reduced in a single day to Rs. 15 has been spoken. Which earlier Rs. 25 was reached. Similarly, the IPO of Raksan Transformers was opened on 10th. The subscription has been weak in two days. 11 percent premium is being spoken in the gray market, but the NII and retail categories are still not fully filled. Rs. 110 crore SME IPO includes a fresh issue and OFS. While in the upcoming IPO gray market NSE's Rs. 200 and Hero Motors Ltd. Rs. A premium of 24 is running.

Annu Projects will raise funds of Rs 175 crore through IPO

Annu Projects Ltd. A company active in the EPC sector for its upcoming IPO at Rs. 94 to Rs. 99 price band has been announced. The company's IPO will open on August 25 and close on August 28. The company through this IPO raised Rs. 175 crore plan to raise funds. Out of this fund Rs. 115 crores for working capital requirement and 15 crores for capital expenditure requirements of the company and purchase of machinery and equipment. The remaining amount will be used for general corporate purposes.

InfinityDAO's security shield against crypto risk will be strengthened

AI-based decentralized financial ecosystem InfinityDAO is moving to create an insurance cover of up to one billion dollars for its IDL token and the entire ecosystem. The initiative aims to strengthen risk management, user security and organizational reliability in the digital asset sector. The insurance program is being structured by UK-based specialist crypto insurance syndicate. However, the final policy, underwriting conditions, limitations and exclusions are yet to be finalised. The proposed insurance program seeks to cover five major areas. These include protection against scheduled default related to the IDL token, coverage for certain failures of the InfinityDAO platform, protection against theft and crime of digital assets, and liability cover for directors and officers. In addition, there are plans to create security frameworks for eligible users and other stakeholders. The proposed total insurance limit of US$1 billion is an attempt to position InfinityDAO as a digital-asset project with large-scale third-party insurance protection.

The Future

Ahmedabad Rising 2030

View All
🚇Metro ExpansionConnecting New Horizons
🏙️GIFT CityGlobal Business Gateway
📡Smart CityBuilding a Better Tomorrow
🌐International EventsGlobal Spotlight
🏟️Sports InfrastructureFuture Ready
🚀Startup EcosystemInnovate. Scale.
Advertise With Us

Advertise Your Brand Here

Reach Amdavadis while they’re reading the news, planning the weekend and deciding where to eat.

  • Homepage, section & article placements
  • Shown in English and ગુજરાતી
  • A local audience, city-wide reach
Available Your Ad Here Premium placement